ZK Nation said its Sybil filtering approach was to ensure as many users as possible would get an allocation, but that would inevitably let through some Sybils. Source: https://cointelegraph.com/news/zksync-defends-sybil-measures-binance-does-zk-airdrop
Month: June 2024
Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only
Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto […] Source: https://news.bitcoin.com/block-earner-co-founder-lack-of-regulation-limits-australian-crypto-market-to-token-sales-only/
Ethereum scaling ecosystem’s combined TPS hits new all-time high
Over 41% of those transactions took place on Xai, a new Ethereum layer-3 scaling solution focused on gaming applications. Source: https://cointelegraph.com/news/ethereum-scaling-solutions-surge-all-time-high-tps
Stablecoins would help US keep up with China: Former House speaker
The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed. Source: https://cointelegraph.com/news/united-states-dollar-stablecoins-alleviate-us-debt-crisis-former-speaker
Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems
Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. […] Source: https://news.bitcoin.com/putin-criticizes-u-s-dollars-lack-of-gold-backing-calls-for-alternative-payment-systems/
Stablecoins would help US keep up with China: Former House speaker
The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed. Source: https://cointelegraph.com/news/united-states-dollar-stablecoins-alleviate-us-debt-crisis-former-speake
Study: Crypto Market Participants Favor Meme Coins, Shun High-FDV Projects
Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their lower barriers to understanding and participation. Tokens with High FDV Face Limited Price Discovery Opportunities […] Source: https://news.bitcoin.com/study-crypto-market-participants-favor-meme-coins-shun-high-fdv-projects/
SEC shoots down Ripple’s argument for a lower penalty
The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs. Source: https://cointelegraph.com/news/sec-rebuffs-ripple-lower-penalty-argument
Solana sandwich bot makes $30M from MEV arbitrage in 2 months
MRGN Research’s Ben Coverston says the Solana-based MEV bot has made an active effort to date to keep a low profile. Source: https://cointelegraph.com/news/solana-mev-sandwich-bot-profits-30-million-from-users
Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate
Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized that, unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case. […] Source: https://news.bitcoin.com/ripple-legal-chief-countered-sec-allegations-no-victims-to-compensate/