Day: April 4, 2023

Ethereum Archive Node service shuts down, saying it ‘succeeded’

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Ethereum mainnet archive node service ArchiveNode.io says it will be shutting down, claiming that the project has been a success. On April 4, ArchiveNode.io announced it was “sunsetting” its services after more than three years of providing free Ethereum mainnet archive node services to developers, students and researchers. An Ethereum Archive Node is an instance of an Ethereum client configured to build an archive of all historical states. This type of node is a useful tool for querying historical blockchain data that is not accessible on full nodes. While we…

Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official – Regulation Bitcoin News

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A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as an example. “The regulation philosophy, technology, and capability must be upgraded to ensure financial innovation won’t come at the cost of financial stability,” he stressed. Chinese Central Banker on Crypto Risks and Bank Failures Xuan Changneng, a deputy governor at the People’s Bank of China (PBOC), the…

Gucci to drop Otherside pendants, Jack Daniels taps AR, Web3 and more

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Otherside holders get dripped out in Gucci Luxury fashion giant Gucci has designed a limited edition pendant for Yuga Labs’ Otherside metaverse that will come in both physical and nonfungible token (NFT) forms. Gucci’s silver jewelry piece is dubbed the “KodaPendant,” and will drop on April 6 for hodlers of the Koda or Vessel NFTs, which essentially function as either creatures or avatars in Otherside. Koda and KodaPendant NFT artwork. Source: Yuga Labs The physical chain itself is 50cm long, with a Koda-shaped pendant engraved with “GG.” There will be…

Ethereum ERC-4337 ‘bundlers’ — How hard is joining the network?

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A new decentralized layer has been added on top of Ethereum to make smart accounts possible with the introduction of ERC-4337 and account abstraction — but infrastructure providers suggest it may be tricky to participate profitably right now. ERC-4337, commonly called “smart accounts” or “account abstraction” was deployed on the Ethereum mainnet on March 1. “Smart accounts” are essentially a supercharged version of an Ethereum wallet. Although smart contract wallets already exist, they rely on centralized components. ERC-4337 changes that with a distributed network of “Bundlers” and “Paymasters.” Under the…

Bitcoin BTC Price Extends Its Stay Below $28K

Bitcoin (BTC) has been testing the $30,000 mark, trading between $27,500 and $28,900 over the weekend. “First Mover” dove into markets with The Crypto Trader Author Glen Goodman. Meanwhile, crypto markets have displayed resilience in the face of the recent upheaval in the U.S. banking system, with bitcoin in particular outperforming, according to Coinbase. Coinbase Institutional Head of Research David Duong weighed in. Polygon Co-Founder Sandeep Nailwal and Policy 4.0 CEO and founder Tanvi Ratna also joined the conversation. Source

Institutions ‘extremely interested’ in crypto ETFs, but buying has cooled: Survey

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Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs). On April 3, financial services firm Brown Brothers Harriman (BBH) released its 2023 Global ETF Investor Survey which polled 325 institutional investors, financial advisors, and fund managers from the United States, United Kingdom, Europe and China. It found nearly three-quarters of institutional investors claimed they’re “extremely” or “very” interested in crypto ETFs, but the effects of crypto…

ASEAN Countries Take Steps to Reduce Reliance on US Dollar for Trade Settlements – Economics Bitcoin News

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The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed by the US on Russia,” said Indonesian President Joko Widodo. ASEAN Countries Seek to Reduce Reliance on USD The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) held a meeting on March 30-31 in Bali, Indonesia. One of the topics they…

Euler Says All ‘Recoverable Funds’ Stolen in $200M Hack Have Been Returned

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