The European Union’s Securities and Markets Authority has recommended treating miner-extracted value (MEV) as a form of market abuse under the MiCA regulatory framework. Source: https://cointelegraph.com/news/esma-labels-mev-market-abuse-latest-regulatory-consultation-paper
Month: May 2024
Ethereum Game ‘The Sandbox’ Launches DAO to Let Players Shape Its Future
The Sandbox, an Ethereum-based metaverse game platform, announced Tuesday that it has launched a DAO—or decentralized autonomous organization—to let token holders help shape the future of the game and its economy. Users who own NFT-based LAND plots or hold the game’s SAND token will be able to propose and vote on governance decisions regarding gameplay upgrades and feature additions, future…
Solana Passes Proposal to Assign 100% of Priority Fees to Validators
Solana validators have voted to pass Solana Improvement Document number 96 (SIMD-0096), which proposes that 100% of priority transaction fees will be awarded to validators. This breaks the current model that passes only 50% of these funds to validators, while the other half gets burned. According to early estimations, this will increase inflation by 4.6% […] Source: https://news.bitcoin.com/solana-passes-proposal-to-assign-100-of-priority-fees-to-validators/
$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst
Miners’ profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block. Source: https://cointelegraph.com/news/2-7-billion-worth-electricity-spent-bitcoin-mining-us-2024
FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison—But He Can Keep His Porsche
Former FTX executive Ryan Salame was sentenced to seven-and-a-half years in prison on Tuesday, making him the latest leader of the fallen cryptocurrency exchange to land behind bars for his role in its downfall. But the news isn’t all bad for Salame. While the one-time lieutenant to FTX founder Sam Bankman-Fried (SBF) and co-CEO of FTX Digital Markets Ltd. was…
Former FTX exec sentenced to 7.5 years in prison after guilty plea
After Sam Bankman-Fried, Ryan Salame is one of the first individuals connected to FTX and Alameda Research to receive prison time. Source: https://cointelegraph.com/news/ftx-exec-ryan-salame-sentenced-guilty-plea
Bitcoin Hashrate Hits Record High, Surpasses Pre-Halving Levels
Bitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day simple moving average, the network’s hashrate reached a record 657 exahash per second (EH/s) this week. Bitcoin Hashrate Reaches Unprecedented 657 EH/s Following a significant drop post-halving, much of the hashrate has returned to the […] Source: https://news.bitcoin.com/bitcoin-hashrate-hits-record-high-surpasses-pre-halving-levels/
Semler Scientific shares up 30% after adopting Bitcoin as treasury reserve
As part of the new treasury strategy, Semler Scientific purchased 581 Bitcoin for $40 million. Source: https://cointelegraph.com/news/semler-scientific-adopting-bitcoin-treasury-reserve
'Diamond hands' SHIB holder nets $1.1M profit after 3-year HODL
The trader made an over 400-fold return on his initial investment, which was worth a little over $2,600. Source: https://cointelegraph.com/news/diamond-hands-shib-holder-1-1-million-profit-3-year
Torque Drift 2 devs quit after Web3 pivot; game NFTs are not securities: Web3 Gamer
Ten devs quit Torque Drift 2 after studio added blockchain, Saga CEO says in-game assets aren’t securities, MetaFighter review: Web3 Gamer. Source: https://cointelegraph.com/magazine/torque-drift-2-devs-quit-sec-game-nfts-securities-metafighter-web3-gamer/