Some commentators note that Based Rollups align incentives between Ethereum layer 2 and its base layer validators, which could result in deflationary issuance again. Source: https://cointelegraph.com/news/based-rollups-could-improve-ethereum-incentives-say-commentators?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Bitcoin shorters ‘likely to get burned’ if CPI prints as expected
An analyst warns that a lower CPI could squeeze Bitcoin short sellers, while a higher-than-expected CPI might lead to a Bitcoin sell-off. Source: https://cointelegraph.com/news/bitcoin-shorts-burned-if-cpi-results-as-expected?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO
Crypto exchange Swyftx estimates anywhere from two to six million Australians could enter the market if regulated. Source: https://cointelegraph.com/news/australian-crypto-investors-sidelined-clear-crypto-laws-swyftx?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Atomic Wallet wins dismissal of class suit over $100M hack
A US judge found a Colorado court lacked jurisdiction over the Estonian-based Atomic Wallet, its CEO and a sister software development firm. Source: https://cointelegraph.com/news/us-court-dismiss-atomic-wallet-class-suit-lack-jurisdiction?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Singapore’s Parliament Addresses Worldcoin Account Misuse and Privacy Risks
Singapore’s Deputy Prime Minister Gan Kim Yong addressed concerns in Parliament regarding the risks of Worldcoin’s operations in Singapore, including potential money laundering through the sale of accounts. He emphasized that although Worldcoin does not perform a payment service under current laws, buying or selling accounts may constitute a violation. Investigations are ongoing, and the […] Source: https://news.bitcoin.com/singapores-parliament-addresses-worldcoin-account-misuse-and-privacy-risks/
US lawmakers divided in first Congressional hearing on DeFi
Pro-crypto Representatives noted the need for a freer financial system, while more skeptical lawmakers blamed DeFi for crime, scams and tax evasion. Source: https://cointelegraph.com/news/first-congressional-defi-hearing-house-lawmakers-divided?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of […] Source: https://news.bitcoin.com/chinas-digital-yuan-nears-1-trillion-in-transactions-pboc-official-reveals/
Bitcoin miner solves block alone, grabs $180,000 reward
A single Bitcoin miner received the total reward of a Bitcoin block, a rarity due to the hash and power requirements needed to mine the blockchain. Source: https://cointelegraph.com/news/bitcoin-miner-solves-block-solo-180k-reward?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Harris-Trump debate: Crypto not mentioned in second US presidential debate
Kamala Harris and Donald Trump made no mention of digital assets during their first-ever debate as Trump’s odds of victory plunged on betting markets. Source: https://cointelegraph.com/news/trump-harris-presidential-debate-crypto-not-mentioned?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Altcoin market resilience signals ‘potential regime change’ — Analysts
Crypto investors might be shifting their mindset and may not always turn to Bitcoin as a haven during market uncertainty, Bitfinex analysts suggest. Source: https://cointelegraph.com/news/crypto-altcoins-performance-show-possible-regime-change-bitfinex?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound