Latest Crypto News

Chris Lehane, chief strategy officer at Haun Ventures, said at TechCrunch Disrupt 2023 that as the regulatory environment for cryptocurrency players remains fluid, some regulators may go too far in creating a framework for the industry. The administration has a strategy, but he said that while the SEC is looking at other hot areas like cryptocurrency or artificial intelligence, it is using an enforcement-only approach to essentially set policy for the entire U.S. and cryptocurrencies. The SEC has lost many cases, and this almost never happens. That can tell you how out of control they are, but there's a huge […]

According to the latest estimates from Binance Research, approximately $892 million has been removed through oracle-related manipulation over the past three years. In many cases, individuals artificially inflate the prices of illiquid tokens in a particular protocol. They then exchange these artificially inflated tokens for other assets or use them as collateral to obtain loans in the lending market. On the bright side, the trend appears to have slowed. Losses from oracle-related vulnerabilities will decrease significantly by 2023, likely due to increased security measures and a general decline in total value locked (TVL) within the decentralized finance (DeFi) ecosystem.

Ethereum co-founder Vitalik Buterin expressed concerns about the choice of node operators for the decentralized autonomous organization (DAO) to monopolize liquidity pools. Buterin warned that because liquidity staking pools adopt a DAO approach to governance of node operators (who are ultimately responsible for the pool’s funds), this could expose them to potential risks from malicious actors. Buterin said that with the DAO approach, if one such staking token became dominant, it would result in a single, potentially vulnerable governance gadget controlling a large portion of all Ethereum validators. Buterin emphasized that one possible way to solve this problem is to […]

The Bank knows it has to stay ahead of the curve, and that means getting its hands dirty, Cecilia Skingsley, head of the Bank for International Settlements’ Innovation Center, said Friday during a discussion at the New York Fed Fintech Conference: Artificial Intelligence and Digital Assets in Manhattan. The mission of the Innovation Center is to research and investigate how new technologies, including cryptocurrencies, are changing the way central banks operate. Skingsley said the Bank for International Settlements knows it cannot ignore the digital asset space. The experience of Libra in 2019 and everything that followed really made everyone realize […]

Although the crypto market has risen over the past few days, NFT sales have declined for the sixth consecutive week. NFT sales this week were US$72.76 million, a decrease of 9.91% from the previous week. However, the number of NFT buyers increased by 17.77% to 569,407. The number of NFT sellers also increased by 15.82% in the past week, reaching 714,889. In cross-blockchain NFT sales, Ethereum ranked first, with sales reaching $37.27 million, meaning that 51.22% of NFT transactions this week came from the Ethereum blockchain. Despite the lead, ETH-focused NFT sales declined slightly, down 1.16% compared to the previous […]

ETH/BTC is trading near yearly lows, continuing a downward trend that began in September 2022, according to cryptocurrency research firm K33 Research. Despite the pessimistic outlook, K33 analysts reiterated their stance that a move to Ethereum is a wise choice before the end of the year, as the approval of an ETF based on Ethereum futures in the coming weeks could reverse this downward trend. Multiple applications for Ethereum futures ETFs have been submitted in recent months, including proposals from Ark Invest, ProShares, Valkyrie, and Grayscale. Analysts say the Ethereum futures ETF may get a final ruling in mid-October.

According to Foundry’s latest hashrate map, Texas accounts for 28.5% of all U.S. Bitcoin hashrate, followed by Georgia at 9.64%, New York at 8.75%, and New Hampshire at 5.33%. The data was drawn between July 21 and 27, 2023, when Texas faced power curtailments. According to the report, this data means that the hash rate in Texas may be higher than the value reported on the map. Overall, Foundry said that by July 2023, Bitcoin’s global hash rate had reached 400 EH/s, almost double the rate at the end of 2021, when it was 174 EH/s.

Dankrad Feist, a researcher at the Ethereum Foundation, said on social media that this is not how decentralization works. There are no financial incentives that automatically guarantee our values, such as immutability or censorship resistance, the values of the Ethereum community do that. Our technology and the incentives built into our system are the tools to achieve this. If you think that the value of cryptocurrency is simply maximizing personal profit, then you are missing the point and are in the wrong place. The reason why Ethereum works hard is because people have values. If people forget their values, Ethereum […]

Bank for International Settlements (BIS) President Agustín Carstens said at the BIS Innovation Center meeting in Switzerland on September 27 that a legal framework ensuring user privacy and freedom to choose between central bank digital currencies (CBDC) and other forms of currency will is the key to driving CBDC adoption. Most fundamentally, the legitimacy of a CBDC will derive from the central bank’s legal authority to issue it, and this authority must be firmly based on law. Carstens added that different countries' laws regulate the type of currency that their central banks can issue, which typically includes physical cash as […]

U.S. Rep. Al Green asked SEC Chairman Gary Gensler during a hearing on Wednesday whether he believed the United States could have a properly regulated digital currency. Gensler responded: “I think the U.S. dollar is pretty strong and we already use it as a form of digital dollar. Crypto tokens are different in that they are not currencies and do not fulfill the three functions of money: a store of value, a unit of account, or The medium of exchange, maybe one day, but frankly, it's not going to happen in 2023."