What is ApeCoin (APE)? Fundamental analysis, tokenomics and utility of APE
Panama’s Legislative Assembly Approves Cryptocurrency Regulation Bill

a16z Announces Crypto Research Lab

Join the Trading Community: Learn & Earn with BingX.

Today’s Cryptocurrency Headline

a16z, a well-known venture capital institution, announced the establishment of a16z crypto research (a crypto research lab) to promote the development of Web3. The team will be led by Tim Roughgarden, a 20-year researcher and professor of computer science at Stanford and Columbia, who joined the a16z encryption team last year as a research advisor. Other founding members include Stanford University computer science and electrical engineering professor Dan Boneh, cryptocurrency technologist Joseph Bonneau, Espresso Systems chief scientist Benedikt Bünz, and more. It is reported that the team will be deeply integrated with a16z’s protocol design and engineering construction teams, legal and regulatory teams, and marketing teams to build a pipeline that translates scientific ideas into products and services.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to Dune Analytics data, Lido, a liquid staking protocol, is currently the largest Ethereum staking service provider, accounting for nearly 29% of Ethereum staking on the Eth2 beacon chain. Kraken ranked second with 8.75%, followed by Staked.us with 3.35%. BTC is down 1.69% over the last 24 hours and has fallen to an intraday low of $39,177. On Friday, the largest cryptocurrency fell below $40,000, the midpoint of a three-month-long trading range, support around $37,000 could stop the pullback. As BTC has been trading between $37,000 and $45,000 in the past 3 months, the sideway will likely continue.

Disclaimer:  BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.