Day: October 19, 2022

The Ethereum Killers Are All Zombies Now

If the best technology doesn’t seem to win, what separates long-term winners out in these standards battles? I hypothesize that there are two answers. First, developer ecosystem maturity and, second, management team. On the developer side, Ethereum has a dominant share and one that continues to grow. On the management team side, the Ethereum Foundation has long demonstrated the maturity of the ecosystem and its ability to herd all of us cats. The Merge, executed slowly but flawlessly, made this strength visible to the world. Source

FTX Sends 50,000 Ethereum To Voyagar, FTX Token Witnesses Pump And Dump

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In a recent report, FTX sent 50,000 Ethereum worth about $65 million to Voyager Digital’s main wallet. The CEO of Nansen, a blockchain analytics firm, Alex Svanevik, confirmed the transaction in a tweet. Due to the crypto winter, some crypto firms struggled with insolvency. This bearish market even pushed some crypto companies off the industry. Some companies even massively slashed their staff strength, while others stopped operations. Coinbase is amongst the firms that dropped 20% of its employees due to liquidity issues. But among the companies that later halted operations…

Understanding TRON Grand Hackathon 2022 Season 3 and the Hacker House Event – Interview Bitcoin News

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TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly network, low fees, and easy to use developer tools have allowed it to attain a massive amount of user growth and innovative projects. Dave Uhryniak is the Director of Ecosystem Development at TRON DAO. He rejoined the Bitcoin.com News Podcast to talk about the TRON Grand Hackathon 2022 Season 3 and the upcoming Hacker House event: Dave joined the TRON DAO in January 2022 and has become a highly visible part of the team that…

Crypto hacks are set to hit all-time highs in 2022, analyst explains

Reducing the amount of hacking by improving cybersecurity should be considered a top priority for the crypto industry, said Kim Grauer, director of research of blockchain intelligence firm Chainalysis.  As pointed out by the firm, this year could outpace 2021 in terms of crypto stolen through hacks. The vast majority of these exploits have been targeting the field of decentralized finance. “This can’t go on in the industry because people are going to lose faith in investing in DeFi platforms”, Grauer said in an interview with Cryptox.  Unlike centralized exchanges,…

Billionaire Sam Bankman-Fried and Crypto Exchange FTX Under Probe by State Securities Regulator

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Billionaire Sam Bankman-Fried’s crypto exchange platform is under investigation by the securities regulator of Texas for allegedly offering unregistered seucurities in the state. A court document related to crypto lender Voyager Digital’s bankruptcy reveals that the Texas State Securities Board’s enforcement division is investigating FTX. Joseph Rotunda, the director of the board’s enforcement division, says in a declaration that he transferred Ethereum (ETH) to an FTX account and has been earning yield on it. He argues that the exchange’s yield program appears to be an investment contract. “Based upon my…

Bank of England Must Consider Private Stablecoins in Developing Digital Pound, Lobbyist Says

There’s a “question whether we could apply a competition objective to the Bank of England, when we think about things like central bank digital currency and how that’s implemented,” Jackson, who is the director of policy at Innovate Finance, told lawmakers on the committee. He added that the CBDC “could crowd out innovation and stablecoins unless it’s designed in a way that promotes competition.” Source

$19,000 Holds Firm for Bitcoin – Are We Bottoming Out? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin remains above $19,000, as it could be establishing a floor from $17,600 to around $19,000, before a significant relief rally to the upside. Sell pressure continues to be absorbed, despite the negative macroeconomic news. The report released yesterday by the Bitcoin Mining Council (BMC) has raised some eyebrows, however, as it showed that Bitcoin has seen a 41% increase in energy consumption year-over-year (YoY). This has raised some concerns that regulators could clamp down on crypto mining. Nonetheless, mining…