Altcoin News Daily Official TheBitTimes.com

Ethereum co-founder Vitalik Buterin has taken to X (formerly Twitter) to urge layer-2 networks to decentralize even more. Indeed, the well-known crypto developer, Buterin discussed the importance of decentralization and the utilization of his vast platform. Specifically, he noted he would change how he speaks about Vaiours layer 2 networks in the future. Specifically, he would no longer discuss projects that aren’t doing enough in terms of decentralization. Buterin said projects should at least meet the Stage 1 threshold he laid out in a previous blog post discussing decentralized platforms. Source: CoinDesk Also Read: Vitalik Buterin Explains $2.2M ETH Wallet Dump: Market Impact Buterin Calls out L2 Networks, Urges Increased Decentralization Ethereum has long been the second-largest crypto by market cap. Moreover, its influence has been undeniable. Yet, more important is the influence of the man who was key to the creation of the network, Vitalik Buterin. It is safe to say that w...

Bitcoin ordinals or stamps have failed to provide an answer to Bitcoin’s DeFi problems. Bitcoin (BTC) is known for its immutability and the hard-coded rules that make the system secure but slow to modernize. However, that doesn’t mean the Bitcoin blockchain — the underlying network that empowers the original cryptocurrency — is closed to innovation and development. Even though the initial efforts to introduce decentralized finance (DeFi) to Bitcoin such as cross-chain bridges and wrapped tokens resulted in a massive wave of hacks and exploits in the DeFi space, developers continue to look for new and more reliable ways to tap into the unmatched liquidity of the BTC pool. Launched in November 2021, the Bitcoin Taproot upgrade was an important step in adding extra functionality to the base layer of Bitcoin. Among other benefits, including cheaper and more efficient transactions, the Taproot upgrade also introduced rudimentary smart contracts — the backbone of DeFi — to Bitcoin for the f...

The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens. Singaporean cryptocurrency exchange Crypto.com recently launched an update to its DeFi wallet service enabling support for fiat-to-crypto purchases in more countries and three new tokens.  In a blog post published on May 16, the company announced the addition of Polygon (MATIC), USD Coin (USDC), and Dai (DAI) to Crypto.com Pay, a fiat-to-crypto on-ramp service enabling the purchase of cryptocurrency via credit or debit card. The trio of new tokens joins Bitcoin (BTC), Ether (ETH), and Crypto.com’s native CRO as the only tokens currently available for Pay purchase. CRO can now be purchased in Crypto.com’s Cronus blockchain or the Ethereum network. According to the post, support for more tokens “will be added soon.” Crypto.com also announced Pay support in more countries, expanding the number of countries able to use the service to purchase crypto directl...

Understanding the time value of money is essential for making sound financial decisions and maximizing returns on investment. Time value of money, explained The time value of money (TVM) is the concept that money available today is worth more than the same amount of money in the future. While inflation gradually weakens the purchasing power of money , its worth can rise over time by being invested or earning interest. The time value of money is an essential concept in finance and investing. Based on the interest rate and the time period involved, it is used to determine the present value of future cash flows, such as investment returns or loan repayments. Related: What is opportunity cost? A definition and examples Several financial calculations — such as future value, present value and annuities — can be used to show the TVM. Understanding the time value of money is crucial in making informed financial decisions, such as comparing investment options, deciding on loan terms and p...