Nybble(NBL)

Blast, in an X post, termed the project’s potential as “undeniable,” which may have created a sense of security among investors.

San Francisco, California, August 21st, 2023, Chainwire Momentum Capital, a pioneering crypto-native fund headquartered in the vibrant heart of the San Francisco Bay Area, proudly announces a significant and pivotal achievement: the successful acquisition of a $10 million investment from Canada’s esteemed BM Fund. This remarkable infusion of capital, secured in July 2023, stands as a resounding testament to Momentum Capital’s exceptional capabilities, even amidst the challenges of dynamic market conditions. Carmen, the visionary Founder of BM Fund, lauds Momentum Capital’s impressive track record, asserting, “Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency.” Momentum Capital’s unwavering commitment during the most volatile market phases epitomizes their resolute dedication and formidable expertise. The firm’s adept navigation of challenging market conditions is palpable in its strategic partnership with the distinguished BM Fund, further validating the trust that investors place in Momentum Capital’s strategic acumen. Looking ahead to the countercyclical phase, Momentum Capital remains strategically poised to amplify its focus and capitalize on forthcoming opportunities. With an impeccable history of successful collaborations and an unblemished track record, the firm’s unwavering commitment to professionalism, a seasoned team, and a history of fruitful partnerships underscores its unparalleled mastery. The newly procured capital will be strategically allocated to further amplify team expansion and catalyze early-stage Web3 projects, thereby reinforcing Momentum Capital’s formidable stance within the dynamic crypto investment landscape. Since its inception, Momentum Capital has emerged as a dynamic powerhouse within the crypto realm, boasting a seasoned team of veterans and pioneers in the industry. This collective wealth of experience further solidifies the firm’s credibility and underscores its well-earned reputation. Gary, the accomplished Managing Partner of Momentum Capital, lucidly outlines the fund’s strategic path, accentuating its enduring commitment. “Momentum Capital’s dedication remains steadfast across the ebbs and flows of market cycles, as we remain devoted to investing in and nurturing Web3 projects of intrinsic value. As we navigate the currents of the market in the next six to twelve months, our focus will extend to authentically nurturing global builders, with a keen emphasis on Web3 infrastructure, regional Web3 opportunities, and groundbreaking Web3 applications.” For further information, kindly visit the official Momentum Capital website at https://mt.capital/. Connect with us on: Telegram: https://t.me/mtcapital_official Twitter: https://twitter.com/MTCapital_US Medium: https://medium.com/@MTCapital_US/subscribe LinkedIn: https://www.linkedin.com/company/mtcapitalus/ Discord: https://discord.gg/vhrcSJ2v

San Francisco, California, August 21st, 2023, Chainwire Momentum Capital, a pioneering crypto-native fund headquartered in the vibrant heart of the San Francisco Bay Area, proudly announces a significant and pivotal achievement: the successful acquisition of a $10 million investment from Canada’s esteemed BM Fund. This remarkable infusion of capital, secured in July 2023, stands as a resounding testament to Momentum Capital’s exceptional capabilities, even amidst the challenges of dynamic market conditions. Carmen, the visionary Founder of BM Fund, lauds Momentum Capital’s impressive track record, asserting, “Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency.” Momentum Capital’s unwavering commitment during the most volatile market phases epitomizes their resolute dedication and formidable expertise. The firm’s adept navigation of challenging market conditions is palpable in its strategic partnership with the distinguished BM Fund, further validating the trust that investors place in Momentum Capital’s strategic acumen. Looking ahead to the countercyclical phase, Momentum Capital remains strategically poised to amplify its focus and capitalize on forthcoming opportunities. With an impeccable history of successful collaborations and an unblemished track record, the firm’s unwavering commitment to professionalism, a seasoned team, and a history of fruitful partnerships underscores its unparalleled mastery. The newly procured capital will be strategically allocated to further amplify team expansion and catalyze early-stage Web3 projects, thereby reinforcing Momentum Capital’s formidable stance within the dynamic crypto investment landscape. Since its inception, Momentum Capital has emerged as a dynamic powerhouse within the crypto realm, boasting a seasoned team of veterans and pioneers in the industry. This collective wealth of experience further solidifies the firm’s credibility and underscores its well-earned reputation. Gary, the accomplished Managing Partner of Momentum Capital, lucidly outlines the fund’s strategic path, accentuating its enduring commitment. “Momentum Capital’s dedication remains steadfast across the ebbs and flows of market cycles, as we remain devoted to investing in and nurturing Web3 projects of intrinsic value. As we navigate the currents of the market in the next six to twelve months, our focus will extend to authentically nurturing global builders, with a keen emphasis on Web3 infrastructure, regional Web3 opportunities, and groundbreaking Web3 applications.” For further information, kindly visit the official Momentum Capital website at https://mt.capital/. Connect with us on: Telegram: https://t.me/mtcapital_official Twitter: https://twitter.com/MTCapital_US Medium: https://medium.com/@MTCapital_US/subscribe LinkedIn: https://www.linkedin.com/company/mtcapitalus/ Discord: https://discord.gg/vhrcSJ2v

GSR, the oldest market maker in the crypto space, is feeling the full impact of the ongoing bear market, with multiple top executives, including the CFO, departing the company. The company had also announced a staff cut in October 2022, terming them as a part of “structural changes” in the organization. Top Executives Depart As crypto’s largest market maker retreats in the face of the bear market onslaught, several high-level executives, including C-level and department heads, are headed toward the exit. According to sources, the retrenchment is having a major impact on one of the industry’s oldest and best-known players and one that is extremely prominent in the US markets. The most recent and maybe the most high-profile departure from the firm is its Chief Financial Officer, Jonathan Hugh. Hugh joined GSR in 2021 and played a pivotal role in building the company’s finance function. Hugh has so far not commented on his departure. Other high-level executives leaving the company include GSR’s Global Head of Product, Benoit Bosc, and its Director of Trading Operations, Aman Bhalla. Bosc had taken over the sales role from Michael Bressler, a highly experienced TradeFi executive from JP Morgan and Goldman Sachs. Bressler had joined GSR in 2021, becoming the company’s sales head in 2021. However, Bressler left the firm in 2022. Other Notable Departures Other notable departures from the company include Jake Dwyer. Dwyer had joined the firm in 2021 and was tasked with leading GSR’s DeFi and venture initiatives. Trader Quentin Dubois and the head of Quant Trading, Romain Bernard, have also exited the company, according to sources familiar with the matter. The Director of Business Development at GSR, Jeff Stern, has also left the organization. All of these departures occurred this year. While Dwyer confirmed his departure from GSR, the others, including Bhalla, Bosc, Vince, Barnard, and Dubois, have not commented on the matter. A spokesperson from GSR commented on the matter, stating that the company will look to evolve with the fast-moving crypto markets. “GSR has been at the center of crypto markets for ten years — markets that are fast-moving and volatile. We owe it to our clients to continue adapting and evolving to keep pace with the speed of crypto, and we will continue to do so.” The spokesperson also confirmed the departures of Bosc and Bhalla. However, they added that they will continue in their respective roles until the end of August and ensure a smooth transition of their respective roles. “Our business operations and strategy have naturally evolved to respond to changing market conditions, but there has been no restructuring.” Crypto Winter Takes Its Toll GSR had laid off around 10% of its workforce in October 2022, adding that the layoffs were part of structural changes. In doing so, the company became the latest in a long line of crypto firms that had to curtail their growth and ambitions in the face of a crippling crypto winter. Companies and exchanges operating have sanctioned a wave of layoffs as they look to navigate the crypto bear market. The firm had undertaken an aggressive expansion drive, growing its workforce to over 200 and reaching a peak of 300 before the layoffs took place. A source familiar with the firm and its operations stated, “The executive team is mostly friends, and I think it threw off a lot of the momentum GSR built in the previous cycle. They hired a lot of corporate Wall Street executives that came in at the top of the bull market, which ended up costing the firm dearly.” Most of the c-suite executives have links with Winton, CEO Jacob Palmstierna’s former employer, or Goldman Sachs, the former employer of Rich Rosenblum and Cristian Gil. Staff at GSR believes that the firm got too big too soon and the team needs to be better streamlined. A GSR spokesperson stated, “While last year’s bear market created challenges for all crypto companies, our long-term belief in the space hasn’t changed. We have continued investing and hiring in high-conviction areas and have maintained a world-class team of TradFi and DeFi talent that is uniquely positioned for another decade of growth.” Scaling Back US Operations The firm is also focusing on scaling back its US operations. Multiple sources have attributed the retreat to a combination of a number of factors. These include a decreasing appetite for token listings, a high cost of talent acquisition, and concerns around regulations. According to a source, the company has also moved from its New York office, taking up a space in Jersey City instead. “At one point, it was probably their largest office, and they have been scaling it down meaningfully. They have given up their New York office and have a smaller space in Jersey City.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

GSR, the oldest market maker in the crypto space, is feeling the full impact of the ongoing bear market, with multiple top executives, including the CFO, departing the company. The company had also announced a staff cut in October 2022, terming them as a part of “structural changes” in the organization. Top Executives Depart As crypto’s largest market maker retreats in the face of the bear market onslaught, several high-level executives, including C-level and department heads, are headed toward the exit. According to sources, the retrenchment is having a major impact on one of the industry’s oldest and best-known players and one that is extremely prominent in the US markets. The most recent and maybe the most high-profile departure from the firm is its Chief Financial Officer, Jonathan Hugh. Hugh joined GSR in 2021 and played a pivotal role in building the company’s finance function. Hugh has so far not commented on his departure. Other high-level executives leaving the company include GSR’s Global Head of Product, Benoit Bosc, and its Director of Trading Operations, Aman Bhalla. Bosc had taken over the sales role from Michael Bressler, a highly experienced TradeFi executive from JP Morgan and Goldman Sachs. Bressler had joined GSR in 2021, becoming the company’s sales head in 2021. However, Bressler left the firm in 2022. Other Notable Departures Other notable departures from the company include Jake Dwyer. Dwyer had joined the firm in 2021 and was tasked with leading GSR’s DeFi and venture initiatives. Trader Quentin Dubois and the head of Quant Trading, Romain Bernard, have also exited the company, according to sources familiar with the matter. The Director of Business Development at GSR, Jeff Stern, has also left the organization. All of these departures occurred this year. While Dwyer confirmed his departure from GSR, the others, including Bhalla, Bosc, Vince, Barnard, and Dubois, have not commented on the matter. A spokesperson from GSR commented on the matter, stating that the company will look to evolve with the fast-moving crypto markets. “GSR has been at the center of crypto markets for ten years — markets that are fast-moving and volatile. We owe it to our clients to continue adapting and evolving to keep pace with the speed of crypto, and we will continue to do so.” The spokesperson also confirmed the departures of Bosc and Bhalla. However, they added that they will continue in their respective roles until the end of August and ensure a smooth transition of their respective roles. “Our business operations and strategy have naturally evolved to respond to changing market conditions, but there has been no restructuring.” Crypto Winter Takes Its Toll GSR had laid off around 10% of its workforce in October 2022, adding that the layoffs were part of structural changes. In doing so, the company became the latest in a long line of crypto firms that had to curtail their growth and ambitions in the face of a crippling crypto winter. Companies and exchanges operating have sanctioned a wave of layoffs as they look to navigate the crypto bear market. The firm had undertaken an aggressive expansion drive, growing its workforce to over 200 and reaching a peak of 300 before the layoffs took place. A source familiar with the firm and its operations stated, “The executive team is mostly friends, and I think it threw off a lot of the momentum GSR built in the previous cycle. They hired a lot of corporate Wall Street executives that came in at the top of the bull market, which ended up costing the firm dearly.” Most of the c-suite executives have links with Winton, CEO Jacob Palmstierna’s former employer, or Goldman Sachs, the former employer of Rich Rosenblum and Cristian Gil. Staff at GSR believes that the firm got too big too soon and the team needs to be better streamlined. A GSR spokesperson stated, “While last year’s bear market created challenges for all crypto companies, our long-term belief in the space hasn’t changed. We have continued investing and hiring in high-conviction areas and have maintained a world-class team of TradFi and DeFi talent that is uniquely positioned for another decade of growth.” Scaling Back US Operations The firm is also focusing on scaling back its US operations. Multiple sources have attributed the retreat to a combination of a number of factors. These include a decreasing appetite for token listings, a high cost of talent acquisition, and concerns around regulations. According to a source, the company has also moved from its New York office, taking up a space in Jersey City instead. “At one point, it was probably their largest office, and they have been scaling it down meaningfully. They have given up their New York office and have a smaller space in Jersey City.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Decentralized finance platform Zunami Protocol has become the latest protocol to be hacked after confirming on Sunday that bad actors hacked its liquidity pool on Curve. The exploit led to the protocol losing over $2.1 million, according to estimates from blockchain security firm PeckShield and Ironblocks. Details Of The Hack The protocol confirmed the hack on Sunday, with security firm PeckShield confirming it as well. The protocol advised users to refrain from purchasing any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins following the attack. The protocol further added that collateral remained secure and it was investigating the cause of the exploit. “It appears that zStables have encountered an attack. The collateral remain secure, we delve into the ongoing investigation. Please do not buy zETH and UZD at the moment; their emission has been attacked.” Blockchain security firm PeckShield, in an analysis of the attack, estimated that around $2.1 million was stolen from the decentralized finance protocol’s Curve pool and put the exploit down to a price manipulation issue. “Hi @ZunamiProtocol Today’s hack leads to >$2.1m loss, and there are two hack txs involved: - tx1:https://etherscan.io/tx/0x2aec4fdb2a09ad4269a410f2c770737626fb62c54e0fa8ac25e8582d4b690cca - tx2:https://etherscan.io/tx/0x0788ba222970c7c68a738b0e08fb197e669e61f9b226ceec4cab9b85abe8cceb It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the following figures.” Fellow security firm Ironblocks also conducted an analysis of the hack, coming to the same conclusion as PeckShield regarding the cause of the hack. In its analysis, Ironblocks explained, “The attacker took [a] flash loan from [the] balancer, then he added liquidity so he [would] be able to change the price significantly and started to trade in Zunami’s exchange. Then he removed the liquidity and changed the price, then he traded back and [returned] the flash loan and got 1,152 ETH to himself. Classic price manipulation.” Price Of Zunami USD And Zunami ETH Collapses The price of both the Zunami USD stablecoin and Zunami ETH (zETH) fell off a cliff following the exploit. The stablecoin lost its entire value, dropping 99%, while zETH dropped over 88%, dropping to $206. PeckShield also confirmed that the stolen funds had already been put through the controversial coin mixer Tornado Cash. Curve’s Recent Troubles The Zunami protocol is a yield farming aggregator for stablecoins and maintains its primary zStable pools on Curve. The protocol is managed as a decentralized autonomous organization (DAO) and promises users the “highest API on the market.” It has also stated that it has over $5 million in total value locked (TVL) on its website. According to Zunami, users can use the protocol to diversify their stablecoin portfolio and avoid the risk of crashing one of them. Curve Finance has faced multiple attacks over the past few weeks, impacting multiple decentralized finance protocols. Attackers managed to steal over $24 million worth of crypto by leveraging a vulnerability in the liquidity pools on Curve. The vulnerability was eventually traced back to Vyper, a third-party programming language being used to program Ethereum smart contracts on the protocol. At the time, Curve stated that liquidity pools not using Vyper were not impacted. “A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop. Other pools are safe.” The exploit put major protocols at risk, especially due to Curve founder Michael Egorov’s $168 million lending position, which was at risk of liquidation. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Decentralized finance platform Zunami Protocol has become the latest protocol to be hacked after confirming on Sunday that bad actors hacked its liquidity pool on Curve. The exploit led to the protocol losing over $2.1 million, according to estimates from blockchain security firm PeckShield and Ironblocks. Details Of The Hack The protocol confirmed the hack on Sunday, with security firm PeckShield confirming it as well. The protocol advised users to refrain from purchasing any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins following the attack. The protocol further added that collateral remained secure and it was investigating the cause of the exploit. “It appears that zStables have encountered an attack. The collateral remain secure, we delve into the ongoing investigation. Please do not buy zETH and UZD at the moment; their emission has been attacked.” Blockchain security firm PeckShield, in an analysis of the attack, estimated that around $2.1 million was stolen from the decentralized finance protocol’s Curve pool and put the exploit down to a price manipulation issue. “Hi @ZunamiProtocol Today’s hack leads to >$2.1m loss, and there are two hack txs involved: - tx1:https://etherscan.io/tx/0x2aec4fdb2a09ad4269a410f2c770737626fb62c54e0fa8ac25e8582d4b690cca - tx2:https://etherscan.io/tx/0x0788ba222970c7c68a738b0e08fb197e669e61f9b226ceec4cab9b85abe8cceb It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the following figures.” Fellow security firm Ironblocks also conducted an analysis of the hack, coming to the same conclusion as PeckShield regarding the cause of the hack. In its analysis, Ironblocks explained, “The attacker took [a] flash loan from [the] balancer, then he added liquidity so he [would] be able to change the price significantly and started to trade in Zunami’s exchange. Then he removed the liquidity and changed the price, then he traded back and [returned] the flash loan and got 1,152 ETH to himself. Classic price manipulation.” Price Of Zunami USD And Zunami ETH Collapses The price of both the Zunami USD stablecoin and Zunami ETH (zETH) fell off a cliff following the exploit. The stablecoin lost its entire value, dropping 99%, while zETH dropped over 88%, dropping to $206. PeckShield also confirmed that the stolen funds had already been put through the controversial coin mixer Tornado Cash. Curve’s Recent Troubles The Zunami protocol is a yield farming aggregator for stablecoins and maintains its primary zStable pools on Curve. The protocol is managed as a decentralized autonomous organization (DAO) and promises users the “highest API on the market.” It has also stated that it has over $5 million in total value locked (TVL) on its website. According to Zunami, users can use the protocol to diversify their stablecoin portfolio and avoid the risk of crashing one of them. Curve Finance has faced multiple attacks over the past few weeks, impacting multiple decentralized finance protocols. Attackers managed to steal over $24 million worth of crypto by leveraging a vulnerability in the liquidity pools on Curve. The vulnerability was eventually traced back to Vyper, a third-party programming language being used to program Ethereum smart contracts on the protocol. At the time, Curve stated that liquidity pools not using Vyper were not impacted. “A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop. Other pools are safe.” The exploit put major protocols at risk, especially due to Curve founder Michael Egorov’s $168 million lending position, which was at risk of liquidation. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto investing app Libertify is calling on retail investors to up their game with the launch of a new offering that provides free, AI-powered risk assessments and instant optimization proposals for their portfolios. Libertify is the creator of an AI-powered app that uses intelligent algorithms powered by neural networks to recommend portfolio adjustments, with the goal being to optimize user’s portfolios and hedge against any risk they might be exposed to. The startup believes it can provide a valuable service to investors, given the notorious volatility of the crypto market and the instability of digital assets. With its new offering, Libertify says it will provide a free audit of the user’s crypto portfolio, followed by an instant optimization proposal, with recommendations on the adjustments investors should make to hedge against risk. The offering works with just about any kind of digital wallet, including software wallets such as Binance, Coinbase and MetaMask, as well as hardware wallets like Ledger, Libertify said. Libertify CEO Steve Rosenblum said last year’s crypto winter shows that it’s time for investors to learn from the past. The company’s portfolio audits provide investors with a unique way to scan risk exposure, he explained. The launch of its offering is well-timed too, as the market for crypto retail investors is growing rapidly. Whereas there were around 200 million crypto investors globally in 2017, that number is expected to rise to more than 1.6 billion by 2025. It’s an intriguing offering that will enable retail investors to benefit from the same kind of risk management solutions that were previously only available to the biggest banks and financial institutions, Libertify said. Until now, retail investors have always had to rely on their own insights and abilities to analyze the crypto market, but this approach is fraught with danger. As Rosenblum explains, by following their instincts, investors often make irrational choices, increasing the chance of them suffering considerable losses. Libertify’s AI-powered recommendations and proposals enable crypto investors to better protect themselves against market volatility, while still holding onto the assets they believe in. “Crypto users buy tokens based on their beliefs and hopes, often forgetting that the crypto market is a turbo of volatility,” Rosenblum said. “Simple and efficient, our industry-first AI risk management solution brings new hope for all self-directed investors still shocked by the last crypto crisis.” The capabilities of Libertify’s app were validated earlier this year when it was announced as the winner of the Paris leg of the Fast Track Hong-Kong FinTech, a prestigious annual contest for fintech and wealthtech startups that provides opportunities to secure funding and mentorships from some of Hong Kong’s biggest financial firms. Having won that leg, Libertify will face off against 11 other startups in November’s grand finale. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto investing app Libertify is calling on retail investors to up their game with the launch of a new offering that provides free, AI-powered risk assessments and instant optimization proposals for their portfolios. Libertify is the creator of an AI-powered app that uses intelligent algorithms powered by neural networks to recommend portfolio adjustments, with the goal being to optimize user’s portfolios and hedge against any risk they might be exposed to. The startup believes it can provide a valuable service to investors, given the notorious volatility of the crypto market and the instability of digital assets. With its new offering, Libertify says it will provide a free audit of the user’s crypto portfolio, followed by an instant optimization proposal, with recommendations on the adjustments investors should make to hedge against risk. The offering works with just about any kind of digital wallet, including software wallets such as Binance, Coinbase and MetaMask, as well as hardware wallets like Ledger, Libertify said. Libertify CEO Steve Rosenblum said last year’s crypto winter shows that it’s time for investors to learn from the past. The company’s portfolio audits provide investors with a unique way to scan risk exposure, he explained. The launch of its offering is well-timed too, as the market for crypto retail investors is growing rapidly. Whereas there were around 200 million crypto investors globally in 2017, that number is expected to rise to more than 1.6 billion by 2025. It’s an intriguing offering that will enable retail investors to benefit from the same kind of risk management solutions that were previously only available to the biggest banks and financial institutions, Libertify said. Until now, retail investors have always had to rely on their own insights and abilities to analyze the crypto market, but this approach is fraught with danger. As Rosenblum explains, by following their instincts, investors often make irrational choices, increasing the chance of them suffering considerable losses. Libertify’s AI-powered recommendations and proposals enable crypto investors to better protect themselves against market volatility, while still holding onto the assets they believe in. “Crypto users buy tokens based on their beliefs and hopes, often forgetting that the crypto market is a turbo of volatility,” Rosenblum said. “Simple and efficient, our industry-first AI risk management solution brings new hope for all self-directed investors still shocked by the last crypto crisis.” The capabilities of Libertify’s app were validated earlier this year when it was announced as the winner of the Paris leg of the Fast Track Hong-Kong FinTech, a prestigious annual contest for fintech and wealthtech startups that provides opportunities to secure funding and mentorships from some of Hong Kong’s biggest financial firms. Having won that leg, Libertify will face off against 11 other startups in November’s grand finale. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Since many options are available for digital asset investment and we see more digital asset investment vehicles, now is a great time to start. Understanding the choices available for will help clients of advisors plan how to support them.

Libertify, creator of an automated risk assessment and portfolio management tool for crypto investors, said it has won the chance to enter the grand finale of this year’s Hong Kong Fintech Fast Track, having beaten several other startups to the nomination at a semi-final event in Paris. The startup describes itself as a “wealth tech company” and is led by its founder and CEO Steve Rosenblum, aimed at investors who want to protect their portfolios from the extreme volatility of the cryptocurrency market. Libertify protects investors by simplifying and automating the trading experience. Users simply connect their exchange account or decentralized crypto wallet to Libertify’s app to take advantage of its “crypto seatbelt”. It allows them to benefit from a unique risk management tool that works by automatically diversifying their portfolio among volatile and stable assets, based on the user’s level of risk tolerance. With Libertify, crypto investors can assess and adjust how much of each of their assets should be exposed to market risk, while leaving the remainder in a stablecoin asset to protect against price declines. Libertify adjusts the exposure of the user’s portfolio according to their risk profile, dynamically allocating assets based on the daily market risk. The app does this in a clever way, exchanging user’s assets for an equivalent token. In the case of Bitcoin, instead of holding BTC the user will hold L-Bitcoin. In a blog post on Medium, Rosenblum explains how this works, saying these assets take into consideration how the market is changing each day and how much risk the investor is willing to take. “This makes the market more stable by 25%, meaning investors are less likely to give up, which makes them more aware of their finances and helps them reach their goal of financial freedom,” Rosenblum said. Investors can take advantage of the market whenever conditions become more favorable. Libertify’s AI-powered alerts will notify users whenever it identifies an opportunity to make a profitable trade, or determines that action should be taken to protect against risk. For each alert, Libertify will also recommend the optimum sizing of each trade. The promise of Libertify’s app has already helped it to raise €3.5 million in financing, and now the company is hoping to gain further traction with its participation in the 2023 Hong Kong Fintech Fast Track. The event, organized by Invest Hong Kong, a government department that promotes the territory as a leading business location, is now in its fourth year. It provides startups with the opportunity to scale their business and fast-track their success with access to prospective clients and strategic investors. Libertify was named as the winner of the Paris leg of the Hong Kong Fintech Fast Track semi-final stage, and will be joined in the grand finale in November by 11 other startups. At the final event, startups will be able to meet with representatives of more than 80 “corporate and investor champions” and explore business opportunities with them. The corporate and investor champions come from some of Hong Kong’s most established and prestigious financial firms, including AMTD, AIA, Goldman Sachs, HSBC and Standard Chartered, as well as technology providers such as Tencent. Libertify’s risk management app is already available for many of the world’s leading cryptocurrency exchanges, and will soon expand beyond crypto to traditional financial markets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ethereum's journey towards sclability and improved efficiency took a promising turn with the unveiling of a research proposal by an Ethereum research team, consisting of Mike Neuder, Francesco D’Amato, Aditya Asgaonkar, and Justin Drake. This proposed solution centers around the increase of the MAX_EFFECTIVE_BALANCE (MaxEB), an Ethereum parameter currently capping the effective balance of Ethereum validators at 32 ETH. A Case for Bloating: Validator Set Size Under the current structure, the MaxEB has inadvertently caused the validator set size to bloat, compelling large-scale staking operations to run a vast number of validators. With over 600,000 active validators and an additional 90,000 in the activation queue, the Ethereum network experiences substantial strain. This proposal asserts that by increasing the MaxEB, it's possible to unblock future consensus layer upgrades, improve the performance of the current consensus mechanism and peer-to-peer (p2p) layer, and enhance operational efficiency for validators of all scales. Preserving Decentralization, Enhancing Efficiency The research team emphasizes the need to maintain Ethereum's core principle of decentralization while simultaneously boosting efficiency. As such, the proposed increase in MaxEB does not tamper with the 32 ETH minimum requirement to become a validator. The aim is for an opt-in approach, offering validators a choice to partake in the changes. Unlocking Ethereum's Roadmap: SSF and ePBS The Ethereum roadmap includes significant consensus layer improvements, such as single-slot finality (SSF) and enshrined Proposer-Builder Separation (ePBS). Currently, these upgrades are hampered by the inflated size of the validator set. Increasing the MaxEB could potentially facilitate the realization of these roadmap goals, which are critical to Ethereum's evolution and efficiency. Relieving the Consensus Layer, Improving Rewards Ethereum's consensus layer experiences high stress levels due to the massive validator set size. A case in point is the multi-epoch delays in finalization the beacon chain faced in May 2023. By opting for an increased MaxEB, validators could choose to keep their stake wjithin the protocol for compounded rewards, thereby mitigating some of this strain. In addition, the proposal outlines potential benefits for validators themselves. A higher MaxEB could democratize the compounding of stake, benefitting solo-stakers, who currently do not earn staking rewards above the existing MaxEB. For large-scale stakers tasked with managing thousands of validators, this change could significantly reduce operational overheads. Assessing Potential Trade-offs While counter-arguments against raising the MaxEB exist—primarily the appeal of the current simplicity and considerations around committees—the research team believes the proposed benefits significantly outweigh potential costs. The adoption of this proposal could mark a significant step towards a more sustainable and upgradeable Ethereum consensus layer, offering a feasible solution to Ethereum's scalability challenges. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Demand for tokenized versions of short-term U.S. government bonds has been increasing as crypto investors turn to real-world assets to earn returns on their investments.

[PRESS RELEASE – Please Read Disclaimer] Finblox, a leading crypto superapp backed and supported by behemoths like Dragonfly and Sequoia, is delighted to announce the remarkable success of its recent token launch, defying current market conditions and generating a trading volume exceeding 2 million USD in the first 12 trading hours. Preparation for the ICO […]

[PRESS RELEASE – Please Read Disclaimer] Finblox is a crypto superapp backed by Sequoia and Dragonfly that enables users to trade, stake, and earn up to 100x on their crypto assets. The presale round of the Finblox ($FBX) initial coin offering successfully sold out. It will now offer a public round via FinLaunch and other […]

[PRESS RELEASE – Please Read Disclaimer] Finblox is set to launch the Finblox Token ($FBX) on 25th April with an early access sale on the Finblox launchpad. This sale is exclusive to whitelisted customers who will receive exclusive perks like discounts on the public sale price and NFTs. Interested users can register to join an […]

[PRESS RELEASE – Please Read Disclaimer] Finblox is set to launch the Finblox Token ($FBX) on 25th April with an early access sale on the Finblox launchpad. This sale is exclusive to whitelisted customers who will receive exclusive perks like discounts on the public sale price and NFTs. Interested users can register to join an […]