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Bitcoin surges past $24,000 on CME launch of BTC event contracts

On Mar. 13, American derivatives marketplace CME announced the launch of Bitcoin (BTC) futures event contracts. The exchange, which is fully regulated and has cleared administrative review, will henceforth facilitate cash-settled, daily expiring contracts tied to Bitcoin futures with a "lower-cost way for investors to trade their views on the

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Ethereum update allows wallets to operate as smart contracts

Core ethereum (ETH) developers have launched a new software feature called EntryPoint that allows wallet accounts to function as smart contracts. The new feature aims to bring so-called “account abstraction.” Crypto account abstraction is a mechanism that enables wallets to handle complex tasks automatically without requiring users to interact with the

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Smart Contracts without Admin Rights Are Crucial for Trustless Decentralized Finance

The primary objective of decentralized finance is to create a world where no trust is needed.When people think of decentralized finance, they automatically assume there are no risks. After all, intermediaries don’t exist, and everything is trustless. However, smart contracts can still contain admin rights, which puts all users at

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Smart contracts to power day-to-day Web3 company operations

Web3 firm MetisDAO Foundation launched Koris, a smart contract-based platform that allows decentralized organizations to operate and manage communities through an end-to-end operational infrastructure.In an announcement sent to Cryptox, the company said that Koris aims to turn decentralized autonomous organizations (DAOs) into DACs or “decentralized autonomous companies” by providing an operating

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What are perpetual futures contracts in cryptocurrency?

In 1992, economist Robert Shiller proposed a cash-settled futures market called perpetual futures that don’t expire and don’t provide delivery or coverage of the traded asset in order to lower the cost of rolling over or directly holding cryptocurrency contracts. However, such contracts are active only in cryptocurrency markets.

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