Tag: Developer

‘Crypto is a damn casino for dum-dums,’ Ethereum developer says

Péter Szilágyi, a core developer at the Ethereum Foundation, recently expressed some disillusionment towards the crypto industry on his X account. Amid an ongoing Ethereum (ETH) sell-off on Monday, Szilágyi questioned the crypto sector’s focus, suggesting that participants are more interested in becoming the next Vitalik Buterin and engaging in “value extraction” rather than creating useful products and generating genuine value. I often wonder if I’m in the wrong industry. Take SpaceX for example. They send a rocket to Mars? Humanity advances. They fail to send one and blow it…

Veteran Blockchain Developer: Overregulation Creates Hurdles for Crypto Companies, Diminishing Overall User Experience

While regulations are generally meant to protect consumers, in practice, they create hoops for crypto companies to jump through, thus diminishing the overall user experience, said Ivo Georgiev, co-founder and CEO of Ambire Wallet. Georgiev argues that regulations like the Eurozone’s Markets in Crypto-Assets (MiCA) actually “enable more sketchy companies and scams.” Overregulation Beneficial to […] Source CryptoX Portal

Sui Blockchain Sees Rapid Growth in Move Developer Community

Luisa Crawford Jul 19, 2024 18:10 Electric Capital’s latest report highlights Sui’s rapid growth in the Move developer community, showcasing significant increases in developer activity and engagement. The latest Electric Capital developer data reveals that Sui has the largest and most rapidly growing Move developer community, according to The Sui Blog. This growth underscores Sui’s emerging leadership in the blockchain industry. Highlights from the Electric Capital Developer Report From the beginning of 2024 to July 1st, Sui experienced a 219% increase in…

Bitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here’s When

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Bitcoin developer Samson Mow has for a while now continued to assert that BTC is going to reach $1 million. He has again reaffirmed his bullish stance and mentioned when exactly the flagship crypto will hit this unprecedented price target.  When Bitcoin Will Rise To $1 Million Mow mentioned that he is still certain that Bitcoin will reach $1 million and added that the flagship crypto will reach this price target within a year. Mow had previously explained why he believes that BTC can reach such an ambitious price target.…

Injective price has more upside as developer commits rise: analyst

Injective (INJ) price has risen for six consecutive days, its longest winning streak of 2024. It rose by over 12% on Wednesday, making it the best-performing top 50 cryptocurrency.  INJ rally started on July 5th after it tumbled to $16.93 as Bitcoin and other altcoins dropped sharply. It has risen by over 54% from its lowest point this month as the sentiment in the industry improved. Bitcoin has retested the crucial resistance at $65,000 while the crypto fear and greed index has moved from the fear zone of 38 to…

SEC drops 3-year investigation into Stacks developer Hiro Systems

Crypto community has another reason to celebrate as the U.S. Securities and Exchange Commission (SEC) has dropped its investigation against Hiro Systems, a developer firm integral to the Bitcoin Layer-2 network Stacks. A SEC filing on July 12 revealed that the regulator had closed its three-year investigation into Hiro Systems (formerly Blockstack) and would not be pursuing an enforcement action. The decision comes just a day after the SEC ended its investigation against stablecoin issuer Paxos. SEC ends 3-year investigation into Hiro Hiro raised $70 million in token sales between…