Tag: Blockchain

What Has the Blockchain Association Actually Achieved?

First, she said, the association helped beat back a proposed rule from the Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury’s money laundering watchdog, requiring exchanges to collect personal information on unhosted or self-hosted crypto wallets. Second, the association, she said, helped water down a crypto tax and expansive reporting requirement contained in President Joseph Biden’s 2021 omnibus infrastructure bill. Third, the association has helped member companies, such as Ripple, Coinbase and Grayscale, to push legal arguments as they fought Securities and Exchange Commission actions against them. But you might…

Wash Trading: $2 Billion Lost Since 2020, Blockchain Research Firm Says

Wash trading, a deceptive practice in financial markets, has emerged as a pervasive concern within the decentralized cryptocurrency exchange (DEX) landscape, according to a recent report from Solidus Labs. The report, released on September 12 as the second part of its 2023 Crypto Market Manipulation Report, sheds light on the rampant practice of “wash trading” in these supposedly trustless platforms. The Enigma Of Wash Trading Wash trading, an illicit trading strategy where a trader simultaneously buys and sells the same asset, artificially inflates trading volumes and creates a false impression…

Ethereum’s Buterin Sees Growing Asia Presence in Blockchain Tech

“When the average crypto Twitter person says, ‘Oh, Asia is back,’ they’re really referring to hundred-millionaires buying your favorite dog coins or whatever,” Buterin said, referring to tokens like SHIB of the Shina Inu blockchain ecosystem, which in turn was a knockoff of Dogecoin’s DOGE. “But I feel like, here, there is an Asia degree of deep community and technical involvement that is unlike anything I’ve seen before Covid or before any of the recent bubbles.” Source

Price Cuts at Blockchain Platform Alchemy Reveal Persistence of Crypto Winter

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The Future of the Internet – Blockchain News, Opinion, TV and Jobs

The internet has undergone two major transformations since its inception. The first was the transition from a read-only web to a read-write web, enabled by the development of HTML and HTTP. The second was the transition to a web that is increasingly personalized and centralized, enabled by the rise of social media and big tech companies. Now, a third transformation is underway: the transition to Web3, a decentralized and open internet that is powered by blockchain technology. Web3 promises to give users more control over their data…

North Korea Linked to $54M CoinEx Hack, Blockchain Data Suggests

The hackers siphoned ether (ETH), XRP, tron’s TRX, MATIC, solana’s SOL, kadena’s KDA and dagger’s XDAG tokens after exploiting a lax security measure on wallets used by the exchange. CoinEx has since released over 10 “suspicious” addresses on several networks, such as Ethereum, BNB Chain, and Arbitrum, where the tokens were transferred. Source

A Guide to the Future of Digital Assets – Blockchain News, Opinion, TV and Jobs

Non-fungible tokens (NFTs) are a type of digital asset that is unique and cannot be replaced. They are created using blockchain technology, which is the same technology that powers cryptocurrencies like Bitcoin and Ethereum. NFTs can represent anything from digital artwork to in-game items to real estate. What are NFTs? The term “non-fungible” means that something is unique and cannot be replaced. For example, a bitcoin is fungible, meaning that one bitcoin is interchangeable with another bitcoin. However, an NFT is non-fungible, meaning that each NFT is unique and cannot…

Musings From Korea Blockchain Week

Across several talks, founders at Hashed, one of Korea’s premier blockchain funds, said decentralized exchanges, or DEXs, needed to get much more sophisticated than the current cohort of products that allow users to swap tokens in turn of yield rewards. Ideas included creating better code for how DEX order books work to fill trades faster without the concerns of front-running. Source

Ankr to Introduce Sei Blockchain RPC Connection

Ankr has revealed plans to augment its RPC service by integrating with the Sei blockchain. This development aims to facilitate developers keen on leveraging the Sei platform for the creation of swift and scalable decentralized applications (dApps). The integration will enable users to access both Sei Public and Premium RPCs, allowing them to make request calls and receive responses akin to those from a Sei full node. Sei’s Position in the Blockchain Space Sei aspires to lead as the swiftest layer-1 blockchain, a feat achieved through its “Twin-Turbo” consensus mechanism.…

Blockchain active users can be misleading metric: Crypto data scientist

Active user count can be a misleading metric for measuring the state of a crypto ecosystem as a small group of users can generate a significant portion of activity across multiple wallets, argues the co-founder of a blockchain analytics provider. 0xScope’s co-founder and chief data scientist, Philip Torres, told Cointelegraph amid the Bitget EmpowerX Summit that between monopolistic founding entities, bots, exploiters and airdrop hunters — as much as 80% of blockchain activity can be generated by just a small number of entities — despite looking healthy on the outside.…