Author: Digicoinvision

A co-founder of Bitcoin infrastructure company, Babylon Labs, claims to have built a system that allows for native Bitcoin to be used as trustless collateral to borrow on the Ethereum blockchain.In a Wednesday X post, Babylon Labs co-founder and Stanford University professor David Tse claimed Babylon built a proof-of-concept allowing for native Bitcoin (BTC) “to be used trustlessly as collateral to borrow on Ethereum for the first time.”The comments follow Babylon’s release of a white paper in early August, outlining what it calls a Bitcoin trustless vault system. The system leverages the Bitcoin smart contract verification system BitVM3 to lock…

For a few surreal moments on Oct. 15, the Ethereum blockchain seemed to host the financial equivalent of a dream.Paxos, the issuer behind PayPal’s stablecoin PYUSD, accidentally minted $300 trillion worth of tokens, which is roughly 300 times the global GDP, before burning them just as fast.The minting, visible on Ethereum’s public ledger, sent analysts, traders, and bots into overdrive.Within minutes, Paxos confirmed the incident resulted from an internal operational error, not a hack. The firm said no user funds were impacted.Still, the sheer number involved in the mistake made “PYUSD” the most discussed coin in crypto for 24 hours…

Key takeawaysGrayscale has bridged traditional finance and decentralized crypto by launching the first publicly traded staking investment vehicle.Its staking-enabled ETPs allow investors to earn blockchain rewards without running validator nodes or managing complex technical and custody risks.Grayscale’s Ether and Solana ETPs are the first in the US to combine spot crypto exposure with staking rewards, paying yields through the fund’s NAV or direct payouts.These products face operational challenges, such as validator performance issues and liquidity lock-ups, as well as regulatory and centralization risks linked to institutional staking.Wall Street and the crypto world have long operated in separate spaces. While Wall…

Join Our Telegram channel to stay up to date on breaking news coverage Payments giant Stripe is pushing crypto closer to mainstream business by letting US companies accept stablecoin subscriptions in USDC on Base and Polygon wallets, settled automatically in fiat. The feature is aimed at the 30% of Stripe clients that rely on subscriptions and recurring revenue, letting customers pay with crypto while businesses manage both fiat and crypto in one dashboard, the company said in an Oct. 14 blog post. Stripe said the stablecoin service, initially available only in private preview, makes it faster, cheaper, and more reliable…

One of the core tenets of blockchain protocols has been the provision of privacy for users, even if the chains are publicly verifiable and relatively transparent.This is becoming increasingly important as personal privacy rights seem to be eroding, evidenced by the European Union’s recent push for a chat control law that would allow mass scanning of private communications and encrypted messages.The latest episode of The Clear Crypto Podcast delves into the importance of privacy-preserving protocols in conversation with Yannik Schrade, co-founder and CEO of Arcium.Schrade unpacks the privacy revolution: encrypted computing, zero-knowledge proofs and multiparty magic that lets blockchains handle…

Institutional demand for Ethereum continues to build quietly, even as the asset’s price shows signs of fatigue. Summary Ethereum ETFs posted $170M in net inflows on Oct. 15, led by BlackRock’s ETHA despite ETH’s flat trading near $4,054. Technical indicators remain neutral, with RSI at 44.57, suggesting Ethereum may continue consolidating until a new catalyst emerges. Key resistance levels at $4,292 and $4,452 could trigger an upside breakout, while support near $3,938 and $3,744 defines the short-term downside risk. Ethereum is trading around $4,054, down nearly 2% on the day, with a narrow range between $4,078 and $3,940. The muted…

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum price has surged 3% in the last 24 hours to trade at $4,137 as of 3.30 a.m. on an 11% increase in trading volume to $61.4 billion. This move comes as the Bhutan government, in collaboration with the Ethereum Foundation, said it would become the first nation to anchor its national digital identity system on the Ethereum blockchain. The new system is expected to go fully live by early 2026 and covers Bhutan’s entire population of nearly 800,000.​ The launch ceremony included high-profile attendees including…

Ethereum is picking up speed again, not in price charts where it is currently struggling, but in the silent machinery beneath it.Two parallel breakthroughs, one on the protocol layer and the other in cryptography, are redefining how fast and how light the world’s most-used blockchain can run.Together, they sketch a future where anyone, from institutions to small-time validators, can participate on the network in real time without needing supercomputers or deep pockets.Fusaka upgradeThe first significant milestone on that path is Fusaka, Ethereum’s upcoming hard fork, tentatively expected in December.The planned upgrade blends improvements to Ethereum’s execution and consensus layers in…

Bank of England Deputy Governor Sarah Breeden has clarified that the central bank’s plan to restrict stablecoin holdings and transaction size will only be a temporary measure to ensure stability in the financial system.The proposed limits on stablecoins were first floated in a November 2023 discussion paper as a means to ensure financial stability. As plans progressed, industry groups lashed out in September, arguing that they would stifle innovation and limit growth. However, in a speech at DC Fintech Week on Wednesday, Breeden said the limits were intended only as a temporary stopgap, which will be removed as the bank ultimately…

Australia’s national financial intelligence agency would have the power to restrict or ban crypto ATMs under draft legislation from the country’s minister for cybersecurity and home affairs, Tony Burke.Burke said during a speech at the National Press Club on Thursday that the draft legislation would give the Australian Transaction Reports and Analysis Centre (AUSTRAC) the ability to restrict or prohibit “high-risk products,” which include crypto ATMs. While regular bank-run ATMs are also used for scams and illegal activities, Burke said that in the case of crypto ATMs, authorities are having limited success in policing and tracking down illicit funds and are…