Tag: Debate

DeFi Meets TradFi, Policy Debate, Web3 Builders and More

If you’re unfamiliar, Consensus is a three-day conference in Austin. It’s run by CryptoX, and it brings together major figures in crypto, finance, Web3, regulation, entertainment and more for three days. This year, it will take place April 26-28. Short of going to Austin or attending with a virtual ticket, the best way to keep up with what’s happening at the conference is to follow CryptoX. For regular daily updates on the show, you can subscribe to the official newsletter, The Node. Source BuildersDebateDeFiMeetsPolicyTradFiWeb3 CryptoX Portal

C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking – Bitcoin News

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On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more sustainable behaviors. ‘CBDC Preview’ — Bank Customer Explains How His Brazilian Bank Monitors Transactions for CO2 Emissions In recent years, politicians have pushed banks to adhere to environmental, social, and corporate governance (ESG) objectives. This has led financial institutions to focus on…

Analysts debate the ETH price outcomes of Ethereum’s upcoming Shapella upgrade

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The Ethereum Foundation has announced April 12 as the date of deployment of the much-anticipated Shanghai and Capella upgrade, together dubbed as Shapella. The upgrades will enable withdrawals from Ethereum 2.0 staking contracts. The staking contract was first launched in December 2020. It only accepted one-way deposits of ETH, which will change after the upgrade. To date, users have deposited over 18 million ETH, worth around $32.5 billion, into the Ethereum staking contract at varying times since December 2020. Analysts vary on the estimates of ETH sell pressure Most users…

Greenpeace Unveils ‘Skull of Satoshi’ to Spark Debate Over Bitcoin’s Environmental Impact; Creator Clarifies It ‘Wasn’t Meant to Be Anti-Bitcoin’ – News Bitcoin News

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Greenpeace, the well known environmental NGO, has unveiled the “Skull of Satoshi,” an art installation intended to spark debate about the impact of Bitcoin on the environment. The 11-foot skull was constructed with electronic waste materials and features smokestacks and Bitcoin logos. However, its creator, Benjamin Von Wong, explained it was not meant to be an anti-Bitcoin symbol. Greenpeace Unveils ‘Skull of Satoshi’ Art Installation Greenpeace, the international environmental NGO, unveiled the “Skull of Satoshi” on March 23, an 11-foot art installation destined to criticize Bitcoin’s effect on the environment.…

EU’s MiCA Crypto Law Debate Scheduled for April 18

The legislation offers crypto companies such as wallets and exchanges a license for operating across the bloc in exchange for meeting governance and consumer protection norms, and also introduces reserve requirements for stablecoins. If approved, it will be published in the EU’s official journal and takes effect between one and three years later. Source AprilCryptoDebateEUsLawMiCAScheduled CryptoX Portal

Silvergate downfall sparks debate over whose fault it actually was

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The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto.  From lawmakers to crypto analysts, crypto firm executives to commentators — nearly everyone’s had something to say regarding the recent announcement from Silvergate. Some United States lawmakers have used the moment to make a comment about the state of the crypto industry, labeling it a “risky, volatile sector,” which “spreads risk across the financial system.” Senator Elizabeth Warren called Silvergate’s…

Debate over 2FA using SMS after sim-swapping victim sues Coinbase

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The crypto community is debating whether SMS two-factor authentication (2FA) should ever be used for account security following news that a Coinbase customer is suing the cryptocurrency exchange for $96,000. On Mar. 6 Jared Ferguson filed a lawsuit against Coinbase in the United States District Court for the Northern District of California, claiming he lost “90% of his life savings” after funds were withdrawn from his account by identity thieves and Coinbase had refused to reimburse him. Ferguson is said to have fallen prey to a type of identity theft…

Uniswap DAO debate shows devs still struggle to secure cross-chain bridges

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Over $2.5 billion was stolen in cross-chain crypto bridge hacks from 2021 to 2022, according to a report by Token Terminal. But, despite several attempts by developers to improve bridge security, a debate from December 2022 to January 2023 on the Uniswap DAO forums has laid bare security weaknesses that continue to exist in blockchain bridges. In the past, bridges like Ronin and Horizon used multisig wallets to ensure that only bridge validators could authorize withdrawals. For example, Ronin required five out of nine signatures to withdraw, whereas Horizon required two…

US lawmakers and experts debate SEC’s role in crypto regulation

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The United States Securities and Exchange Commission and its chair Gary Gensler were the targets of many lawmakers and witnesses at a hearing exploring the crash of the crypto market. In a Feb. 14 hearing at the Senate Banking Committee titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’, ranking member Tim Scott said Gensler should appear before Congress before September to address additional enforcement actions in the crypto space, calling out the SEC chair for doing “rounds on the morning talk shows” rather than testifying. According…

Crypto VC Firm A16z’s Role in Uniswap Vote Sparks Debate Over Concentration of Voting Power

According to a tweet from Lazzarin, a16z’s head of engineering, “We delegate ~40m votes to outside groups (with no conditions on how they vote).” Lazzarin did not specify the full size of a16z’s UNI holdings and neither did the representative that spoke to CoinDesk. But based on Lazzarin’s tweets, a16z owns at least 55 million UNI altogether, counting the tokens it has delegated. The a16z representative told CoinDesk, moreover, that its agreements with delegates theoretically allow the firm to re-claim its delegated tokens should it so choose. Source