Tag: Community

Crypto Community Raises Alarm Over Coinbase’s Dominance Of Bitcoin Held In Spot ETFs

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Coinbase, the largest cryptocurrency exchange in the United States, is presently serving as the custodian of the majority of the Spot Bitcoin ETFs managed by various asset management companies in the industry. This notable concentration is raising worries in the crypto community about significant centralization and potential risks associated with the custodianship.  Coinbase Dominate ETFs As Major Custodian Coinbase’s significant role in the advancement of Spot Bitcoin ETFs has become a target of scrutiny in the crypto community. The American crypto exchange is currently the custodian of 9 out of…

Aave Community Votes To Integrate PayPal’s PYUSD Stablecoin

In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE’s Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve’s December decision to host PYUSD. Source

Japan’s largest community e-commerce platform to start accepting Bitcoin this year

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Mercari, a leading online community marketplace in Japan, plans to introduce Bitcoin (BTC) as a payment option for its platform users by June 2024, a report from Japanese media outlet Nikkei confirms. According to a report in Japan’s Nikkei, Mercari — an online community and marketplace — will allow users to pay with Bitcoin at the final stage of purchase. In addition, Mercari will allow users to convert their loyalty points to Bitcoin, linking its main platform with its digital currency trading service. As one of Japan’s top online shopping…

Crypto Pundit Says Cardano Rivals XRP Community, But Why Is ADA Price Struggling?

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Cardano has consistently remained one of the largest cryptocurrencies in the industry with the price of its native ADA coin following the crypto market rally. However, it has not performed as well as other cryptocurrencies despite its marked popularity among investors. Given this, crypto pundit Ben Armstrong, popularly known as BitBoy, has shared his views on why the network is struggling. Cardano Struggles Through Misinformation One of the problems that the crypto analyst mentioned that Cardano has run into over the years is the fact that there has been misinformation.…

Developer asks community not to underestimate Bitcoin Ordinals

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Famous Bitcoin (BTC) developer Udi Wertheimer advocated for the adoption of Bitcoin Ordinals, despite widespread industry criticism. In a post on X, Wertheimer noted that many people reject the concept of Bitcoin Ordinals. However, he supported the adoption of Bitcoin Ordinals and opposed those who have sought to eliminate them. HOW TO KILL ORDINALS I’ve been contacted by multiple laser-eye maxis, and some bitcoin developers, who tried to understand “what’s going on” and “how can we stop this”. Here’s my advice. 1. Start using it. The number 1 issue you…

Tectum leads community interest following staking announcement

CoinGecko reports Tectum as one of the top trending coins today, with a 20.8% price increase in the last 24 hours and a remarkable 156.9% surge over the past seven days. According to CoinMarketCap, Tectum (TET) is currently being marketed as the sole blockchain network, implementing a proprietary Proof-of-Utility (PoU) consensus and a high-speed network protocol. The PoU protocol enhances data distribution efficiency, while the network protocol empowers nodes to validate and distribute over 1 million digital events per second, establishing Tectum as the fastest blockchain globally, in contrast to Bitcoin,…

PancakeSwap Community Votes to Cut CAKE Token Supply by 300M

A staggering 98% member of the PancakeSwap community voted in favour of reducing the CAKE supply by 300 million resulting into a strong surge in the CAKE price. PancakeSwap, a prominent decentralized exchange, has successfully concluded a proposal to reduce the maximum supply of its native token CAKE from 750 million to 450 million, garnering nearly 98% of votes in favor. The multi-chain decentralized exchange initiated the voting process on Thursday, presenting a proposal to decrease CAKE’s maximum token supply. Also, the voting period has concluded, revealing a decisive 97.88%…

PancakeSwap Community Votes to Reduce CAKE Token Supply

PancakeSwap put forward a proposal to reduce the maximum supply of its native CAKE token from 750 million to 450 million. One of the unique things about the crypto industry is the fact that many major projects operate as decentralized autonomous organizations (DAOs). As such, their users get a say in the decisions made by these organizations and can have their voices heard. A recent example of this was with the decentralized crypto exchange PancakeSwap. The DEX recently put forward a proposal to reduce the supply of the popular CAKE…

ZKFair aims to reshape zero knowledge layer-2 with community ownership and innovation

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ZKFair is set to release a zero-knowledge (ZK) community-driven layer-2 network, according to a press release shared exclusively with crypto.news.  The layer-2 platform launched its testnet in early December and plans to deploy on the mainnet on Dec. 20.  Moreover, ZKFair will also distribute 100% of its tokens to the community through a fair airdrop. This approach ensures everyone has an equal opportunity to participate in the network’s growth and development.…

Unofficial Arweave forking plans draw community controversy

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Irys, a prominent layer-2 network within the Arweave ecosystem, allegedly has plans to fork the Arweave network with the intent to “drop the dataset and reset the token supply,” according to a Dec. 17 post by Arweave founder Sam Williams. He alleges that despite the existence of a safe upgrade mechanism with Arweave, Irys developers plan to proceed with a hard fork that “appears to be a play motivated by greed.” The Arweave founder wrote: “Given this situation, Arweave intends to remove the Irys bundlers from the trusted set on the…