Month: April 2023

Satellite orbiting Earth participates in the Ethereum KZG ceremony

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The Ethereum KZG ceremony, which aims to provide a cryptographic foundation for Ethereum scaling, has already had over 83,000 contributions of randomness from users all over the world. Now it’s receiving a contributor from outer space.  Cryptosat, a blockchain-powered satellite orbiting Earth, announced its contribution of entropy from space on April 4 at 6 a.m. UTC. The contribution will be deployed from the Crypto2 satellite. According to the announcement from Cryptosat, the satellite orbits Earth every 90 minutes following a remote course 550 km above ground, which makes it difficult…

Binance’s market share drops on CFTC suit and no-fee trading halt: Report

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The dominance of cryptocurrency exchange Binance in trading volume market share has slipped over the past two weeks following a lawsuit from the United States commodities regulator and its decision to halt some zero-fee trading. In an April 4 newsletter blockchain analytics platform Kaiko reported Binance “lost 16% market share of trade volume,” with its market share at 54% as of the end of Q1. The U.S. Commodity Futures Trading Commission (CFTC) sued Binance on March 27 alleging it flouted regulatory compliance through violations of derivatives laws by offering trading…

S&P Global seeks DeFi director to expand decentralized footprint

S&P Global is looking for a decentralized finance (DeFi) director who will collaborate with Chuck Mounts, S&P Global’s chief DeFi officer. Decentralized Finance (DeFi) is a fast-growing sector within the blockchain and cryptocurrency industry that seeks to provide traditional financial services, like lending and yield-bearing securities, in a decentralized and open way. With DeFi, both retail and institutional investors have access to a range of financial services. S&P Global sees future in DeFi The growth of DeFi has been nothing short of impressive in the past few years, and the…

Bitcoin ‘untouchable’ amid regulatory pressures, says analyst

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Bitcoin (BTC) is “untouchable” despite ongoing regulatory pressures in the crypto sector and those who don’t have some crypto exposure are “seriously silly” according to Bloomberg’s senior commodity strategist Mike McGlone.  During an April 3 stream with crypto podcaster Scott Melker, McGlone argued that unlike other cryptocurrencies such as Ether (ETH), Bitcoin couldn’t be killed by regulators because it’s more decentralized. Can #Bitcoin replace the banks? And can it remain uncorrelated if markets crash again? Discussing with weekly guests @mikemcglone11 and @daveweisberger1. It’s Macro Monday at 9:30 am EST. https://t.co/WDVCbkkWyU…

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