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The Ethereum co-founder proposes a solution that could lower the likelihood of any individual liquid staking provider growing to a point where it poses a systemic risk. Vitalik Buterin, the co-founder of Ethereum, has expressed worries regarding decentralized autonomous organizations (DAOs) exerting a monopoly over the selection of node operators in liquidity staking pools. In a September 30 blog post, Buterin issues a warning that as staking pools adopt the DAO approach for governance over node operators —who are ultimately responsible for the pool's funds—it can expose them to potential risks from malicious actors. “With the DAO approach, if a single such staking token dominates, that leads to a single, potentially attackable governance gadget controlling a very large portion of all Ethereum validators.” Buterin highlights the liquid staking provider Lido (LDO) as an example with a DAO that whitelists node operators . However, he emphasizes that relying on just one layer of pr

Cosmos has unveiled its ambitious 2024 roadmap, with plans to strengthen its blockchain network, aiming directly at Ethereum’s dominance. Revealed on September 25, Cosmos intends to enhance its modularity, enrich the developer experience, rectify “technical debt,” and bolster user adoption. This comprehensive strategy is an overt play to challenge Ethereum, the current leading platform in the blockchain sphere. Cosmos boasts of Features that set it apart. Tendermint , the consensus system, supports BLOCKCHAIN s like the BNB Chain. The Cosmos SDK , a toolkit, equips developers to craft custom BLOCKCHAIN s tailored to their needs. Additionally, Inter-Blockchain Communication (IBC) facilitates seamless interaction and communication between the custom chains on Cosmos , promoting interoperability. A focal point in the 2024 roadmap is addressing and repaying “technical debt.” Technical debt can hinder progress in software development due to unforeseen challenges arising from resource li

Do Kwon, who co-founded the defunct Terraform Labs and LUNA, has been summoned by the United States Securities and Exchange Commission (SEC). The agency requests an in-person interrogation regarding the downfall of the Terra ecosystem . However, Kwon and his legal representatives have filed a petition to dismiss the request, citing impracticality and violation of due process rights.  Court documents, submitted on Sep. 27, highlight that it is logistically unfeasible for Kwon to comply with the SEC’s timetable for a U.S.-based deposition before Oct. 13, as he is currently detained in Montenegro with no definite release or extradition schedule. “The motion should be denied because it would be impossible for Mr. Kwon to appear for such a deposition. That request violates the Court’s Individual Rules of Practice because the SEC did not obtain the Court’s permission to seek a preclusion order in the parties’ pre-motion call to Chambers” – Legal Representatives of Do Kwon, filed at the

Crypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on. Bitcoin (BTC) is attempting to trade above $27,000 which is a positive sign. In the past few days, Bitcoin’s price held up above $26,000 in adverse conditions when the United States dollar index (DXY) was rising sharply and the S&P 500 index (SPX) was plunging. This suggests that selling dries up at lower levels. The decision by the United States Securities and Exchange Commission to delay the spot Bitcoin exchange-traded fund (ETFs) ahead of schedule also did not dent prices. This indicates that the market participants are taking a longer-term view on Bitcoin. Bloomberg ETF analyst James Seyffart believes that an early decision was taken by the regulator as there is a risk of a U.S. government shutdown on Oct. 1. Daily cryptocurrency market performance. Source: Coin360 Bitcoin’s resilience over the past few days seems to have boosted trader’s sentiment. That helped start a recovery i

Earlier this year, the European Commission (EC) made a significant stride by proposing a comprehensive legal framework set to usher in a central bank digital currency (CBDC) within the Eurozone’s 20 member states.  The European Central Bank (ECB) had previously outlined plans for the digital euro, which could potentially debut by 2027, offering consumers the ability to transact with “public money” seamlessly both online and offline.  In a most recent update, ECB president Christine Lagarde provided further insights into the bloc’s CBDC efforts, most notably the security and anonymity of the upcoming digital asset. EU parliament members have CBDC privacy concerns Earlier in the week, on September 25, Lagarde fiercely defended the ECB’s CBDC project, saying the currency “will not be completely anonymous as is the case with a banknote.” Here’s the full quote: Cryptocurrency 3 ways to leverage new ChatGPT features for crypto Cryptocurrency AI fore

Ripple ’s General Counsel, Stuart Alderoty, has raised concerns and strong objections regarding the upcoming Congressional testimony of SEC Chairman Gary Gensler, particularly regarding Gensler’s characterization of cryptocurrencies as securities. The advanced disclosure of Chairman Gensler’s statements has painted crypto assets primarily as securities, a view that Alderoty vehemently opposes, accusing Gensler of having ulterior motives in presenting his case to Congress. Alderoty’s argument draws from a notable July decision in the Ripple case, where secondary sales of XRP were not classified as investments. This legal precedent contradicts Gensler’s assertion. Gensler’s testimony outlines a firm stance, suggesting that most crypto assets meet the criteria of an “investment contract” under securities law. He emphasizes that investors and issuers involved in crypto asset securities markets should be entitled to the protections provided by securities laws. This stance implies a need

Key takeaways NTT DATA is deploying a Horizen EON blockchain Certificate Signer Node on the NTT DATA infrastructure. The node will help secure the Horizeon EON network.  NTT DATA deploys a Horizen EON node The Horizen team announced in a  blog post on Thursday, September 28th, that NTT DATA, a leading IT service provider and global innovation partner, is deploying a Horizen EON blockchain Certificate Signer Node on the NTT DATA infrastructure. The node will contribute to the credibility, security, and robustness of the Horizen EON network.  The Horizen EON is an EVM-compatible side chain and smart contract platform built with Zendoo, a powerful ZK-enabled cross- chain transfer protocol. The blockchain makes it possible for developers to build dApps with ease and access the Horizen ecosystem.  While commenting on this  latest cryptocurrency news , Francisco Spadafora, Head of Blockchain Competence Center EMEAL, said, “Contributing to public blockc

The recent regulatory approval for the international subsidiary of Coinbase comes within a month of getting the NFA nod to offer crypto derivatives services to institutional clients in eligible US states. Coinbase International Exchange, a class F license holder from the Bermuda Monetary Authority (BMA), announced that it has received additional regulatory approval, allowing the platform to offer perpetual futures trading to non-US retail customers. Launched in May 2023, Coinbase International already offered crypto derivates services to institutional clients. With the latest regulatory approval, the crypto platform will begin to offer eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform in the coming weeks. The exchange notified that the Perpetual Futures accounts are maintained by Coinbase Bermuda Limited regulated by the BMA.  The crypto exchange claimed in its announcement that nearly 75% of crypto trading volume comes from the deri

Prominent crypto influencer Ben Armstrong, formerly known as ‘BitBoy,’ found himself in a legal predicament following a conspicuous arrest. The incident unfolded on September 25th when Armstrong was taken into custody while livestreaming outside the house of a former associate. He spent just over 8 hours in custody, as confirmed by the Gwinnett County, Georgia, Sheriff’s Office. Armstrong has now been released on bail but faces two charges : “loitering/prowling” and “simple assault by placing another in fear.” His bond has been set at $2,600 and $40 in fees. In Georgia, loitering or prowling is described as being in a place at a time or in a manner not typical for law-abiding individuals under circumstances that provoke justifiable and reasonable alarm or immediate concern for the safety of people or property in the vicinity, according to the Georgia-based law firm Lawson & Berry. Consequences for this misdemeanor can include a fine of up to $1,000, jail time of up to one year, o

British politicians went to the metaverse to discuss the benefits and potential challenges that Web3 technology brings. In this week’s newsletter, check out Glassnode data that shows nonfungible token (NFT) protocol Bitcoin Ordinals may not be clogging the network. Read about British politicians using the metaverse to discuss opportunities and challenges in Web3, and find out why Rolling Stone says NFTs are “finally totally worthless.” And don’t forget this week’s Nifty News, featuring world-renowned artist Takashi Murakami saying he might not release any more NFTs.  U.K. politicians don metaverse avatars as they share Web3 roadmap Politicians in the United Kingdom gathered in the metaverse on Sept. 20 to set out a vision for the country’s Web3 and blockchain industry. The gathering included eight British Lords, politicians and global leaders speaking about both the opportunities and challenges that the growth of Web3 technology could bring. According to Natalie Elphicke, a member o

BTC price strength returns ahead of Wall Street trading, with $27,000 in Bitcoin bulls' crosshairs. Bitcoin (BTC) broke higher into the Sep. 27 Wall Street open as one analyst predicted a return to $30,000 in October. BTC/USD 1-hour chart. Source: TradingView BTC price reaches for $27,000 in fresh uptick Data from Cointelegraph Markets Pro and TradingView followed BTC price action as bulls gathered steam to reach $26,823 on Bitstamp. The 2% jump to near-weekly highs came as market commentators already eyed thin overhead resistance, with a breakout on the cards should it not be replenished. “Ask liquidity is pretty wide and thin here again so likely a move higher is going to come from perps,” popular trader Skew explained, continuing the topic. Skew added that “this can create some good opportunities with inefficiencies & potential premiums later.” $BTC Binance Spot / Binance Perp Pretty clear predatory move in the making pic.twitter.com/qJI2WFvizx — Skew Δ (@52kskew) Septemb

The Shiba Inu [SHIB] ecosystem has been in the spotlight due to the introduction of Shibarium. While the layer-2 protocol has been advancing at its own pace, the utility token Bone , used for gas fees within the Shibarium network, has been experiencing significant growth. This offspring of the Shiba Inu network has undergone a rather turbulent year. However, now it was seen inching close to the $1 mark. In contrast to Shiba Inu, Bone often finds itself in the $1 price range, but recent days have proven challenging for this meme coin. After experiencing an 11.47% surge, Bone ’s price fluctuated from a low of $0.8113 to a high of $0.9249. Currently, as of the latest update, Bone is trading at $0.9044, showing a daily increase of 6.86%. Source However, what prompted this abrupt increase in BONE’s value? Could it be linked to Shibarium? BONE holds a crucial function within the Shibarium network. Additionally, the team responsible for the meme coin recently disclosed that the final st

With the broader crypto market consolidating, Shiba Inu’s price has stagnated around $0.000007 over the past few days. Its movement over the last 24 hours has been negligible, while in the last seven days, it has registered a 1.5% downslide. Nevertheless, most macro SHIB predictions continue to be in favor of the asset. So, in this article, we will analyze the prospects of investors in Shiba Inu becoming millionaire s by the end of this decade. Also Read: Shiba Inu: How Many SHIB Tokens Does Elon Musk Own? Shiba Inu 2030 Outlook According to Changelly’s recently updated Analysis , SHIB could rise up to a maximum value of around $0.00015849 in 2030. Contrarily, its minimum price was slightly lower. As a result, the Analysis pointed out that investors can expect SHIB to trade at an average price of $0.00013901 by the end of this decade. From the current price of $0.000007272, the rise to the aforementioned level would translate into an 1811.5% appreciation for SHIB. Source: Z

A crypto exchange claiming $1.7 billion in daily trades, and reporting $1.4 billion on CMC, had been reportedly displaying false license data until it was checked by Estonian regulators. A number of cryptocurrency platforms reporting billions in daily trades on CoinMarketCap appear to have been misleading their customers about holding certain crypto licenses, an investigation by Cointelegraph has found. Bitspay, a crypto exchange that reports $1.4 billion daily trades on CoinMarketCap, claimed that it held a licence in and was regulated by Estonia, however after Cointelegraph reached out with questions about this licence, the company swiftly erased its reportedly fake license data. At the time of writing, Bitspay is the fourth-largest crypto exchange in terms of daily trading volumes on CoinMarketCap, following platforms like Binance, Bitforex and Topcredit. Top-four crypto exchanges by daily trading volumes. Source: CoinMarketCap According to data from CoinMarketCap, Bitspay is a

MicroStrategy bought the latest Bitcoin stash at an average price of $27,053 per BTC, or 9% lower than the average purchase price of its entire BTC purchase. MicroStrategy, a business intelligence firm and major Bitcoin (BTC) investor, is sending a bullish signal to the market by announcing the acquisition of another big stash of cryptocurrency. Michael Saylor, co-founder and executive chairman at MicroStrategy, took to X (formerly Twitter) on Sept. 25 to announce a 5,445 BTC purchase by the firm. The latest Bitcoin stash was bought at an average price of $27,053 per BTC, or for $147.3 million in cash. According to a Form 8-K filing with the United States Securities and Exchange Commission, MicroStrategy and its subsidiaries have been in the process of acquiring the amount between Aug. 1, 2023 and Sept. 24, 2023. As of Sept. 24, MicroStrategy and its subsidiaries held an aggregate of approximately 158,245 bitcoins, which were acquired at an average purchase price of roughly $29,582 pe

Mixin Network suspended all deposits and withdrawals and will restart the services “once the vulnerabilities are confirmed and fixed.” Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider. On Sept. 25, Mixin Network confirmed that a hack on Sept. 23 drained approximately $200 million worth of crypto assets from its mainnet . An immediate suspension of all deposit and withdrawal services on Mixin Network followed the revelation. [Announcement] In the early morning of September 23, 2023 Hong Kong time, the database of Mixin Network's cloud service provider was attacked by hackers, resulting in the loss of some assets on the mainnet . We have contacted Google and blockchain security company @SlowMist_Team… — Mixin Kernel (@MixinKernel) September 25, 2023 Mixin Network appointed blockchain investigator SlowMist, as well as Google, to help investigate the hack

DWF Labs’ Andrei Grachev and GSR’s Cristian Gill have been embroiled in a controversial brawl. Andrei Granchev has shared the stage with market-making giants GSR and Wintermute on a discussion panel. Gill commented that Grachev’s presence has been an insult to the industry giants. According to recent reports, the web3 investment firm DWF Labs and the market-making giants GSR and Wintermute have been embroiled in a controversial brawl, following a panel discussion at Web3 Connect: Journey through Digital Trade Horizons. The verbal fight on X (formerly Twitter) demonstrated the fuelling competition in the web3 space where platforms contest for recognition. The dispute began with a post shared by Andrei Grachev, the founder of DWF Labs, in which he conveyed gratitude to Ciara Sun, who invited him to occupy a distinct space in the panel discussion. However, the tweet received stark reproval from critics including Cristian Gill, the co-founder of GSR, who question

Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS and Bitcoin miners shared their plans for boosting productivity via green energy. Bitmain rolled out its next generation Antminer S21 and S21 Hydro ASIC miners at the World Digital Mining Summit in Hong Kong on Sept 22, revealing the crucial performance stats that the entire industry has been waiting for. The S21 has a hasrate at 200 TH/s and an efficiency at 17.5 J/T while the S21 hydro hashes at 335 TH/s and 16 J/T which is notable given that until recently, most Bitcoin ASICS were operating above the 20 J/T level. With electricity costs continuing to rise year-over-year and the Bitcoin halving projected to occur in April 2024, ASIC efficiency is quickly becoming the paramount focus of miners and many are also pivoting toward folding in renewable energy sources as a core component of their operations. Bitcoin miners focus on efficiency and renewable energy Sustainable development in the mining industry was a core th

Metaverse was trending in 2021 and early 2022. Many companies around the world started building businesses and marketing strategies around the metaverse, and even the Facebook Group changed its name to Meta Platforms, Inc. (NASDAQ: META) amid promises of launching its own version of the metaverse. However, the bear market came to the crypto industry, and the interest in the metaverse has plummeted in the last months. At least this is what data from the US Patent and Trademark Office (USPTO) suggests, shared by the expert trademark attorney, Mike Kondoudis (@KondoudisLaw) on X (formerly Twitter). “The pace of new US trademark applications relating to the metaverse continues to lag behind last year. The number remains down about half from 2022. YTD [year-to-date] Total: 2271.” — Mike Kondoudis (@KondoudisLaw) New metaverse trademark applications in 2023. Source: @KondoudisLaw “By comparison, through August of 2022, the USPTO received about 4,500 applications relating to the met