Andre Cronje critiques appchains: High costs and liquidity challenges
While Cronje highlights concerns about L2 appchains, others argue that emerging solutions can address these challenges.
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Iranian government to cut power supply for the country’s legal crypto mining rigs
For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable. 173 Total views 3 Total shares According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran's Ministry of Energy, said that the entity would be cutting…
Effective altruism fueled SBF’s ‘ridiculous’ actions at FTX: Ex-Alameda engineer
Effective altruism was used to justify “increasingly risky and ridiculous” actions at crypto exchange FTX prior to its ultimate collapse in November 2022, says a former software engineer at Alameda Research.Speaking to Cointelegraph just days before FTX founder Sam Bankman-Fried’s Oct. 3 trial, Aditya Baradwaj shared how the ideology played a role in the company’s
Study: Insider trading occurs in 10% to 25% of cryptocurrency listings
The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase. 171 Total views 5 Total shares According to a recent study conducted by the University of Technology Sydney, researchers estimated that insider trading occurs in 10% to 25% of cryptocurrency listings.In deriving the conclusion, researchers first…
Wyoming Introduces a Bill Aiming to Define Virtual Currencies as Money
A bill meant to clarify the classification of cryptocurrencies has been introduced in the U.S. state of Wyoming Jan. 18, according to the official state legislature website.The bill places crypto assets into three categories: digital consumer assets, digital securities and virtual currencies. The bill defines assets falling in any of those three categories as intangible…
Crypto Class Action Asks to Use Social Media to Wrangle Flighty ICO Issuer
Plaintiffs in a class-action lawsuit against Status and its 2017 initial coin offering of the Status Network Token (SNT) are asking the judge to authorize official document delivery, or serving, via alternative channels like Twitter and emails.In court documents obtained by Cointelegraph and filed on Aug. 3, the judge is presented with a ready-to-sign motion…
EOS Developer Acknowledges Claims of ‘Collusion’ and ‘Mutual Voting’ Between Nodes
Block.one, the developer of blockchain protocol EOS, has published a statement on EOS public blockchain governance in an official Medium post October 1, signed by Block.one’s CEO, Brendan Blumer.In the statement, Blumer states that the company is “aware of some unverified claims regarding irregular block producer voting, and the subsequent denials of those claims.”Without providing…
Tech Like CBDCs Central to Senate Hearing on China-US Competition
Senate looks at tech and innovation, including CBDC development, as critical area within rising tensions with China. 1541 Total views 1 Total shares On July 22, the Senate Banking Committee’s Subcommittee on Economic Policy held a hearing on the role of innovation in the rising comToday’s hearing comes on the heels of a Department of…
House Committee to Hold Hearing on Benefits of Blockchain
Blockchain and cryptocurrencies are affecting the way both large corporations and small businesses operate, and governments are taking notice. Next week, a committee in the U.S. House of Representatives will hold a hearing focusing on blockchain’s impact on small businesses.The Committee on Small Business will hold a hearing titled “Building Blocks of Change: The Benefits…