Ethereum's future rests on 10,000 blockchains
Ethereum layer-2s are proliferating, which means Ethereum will start looking like a much better prospect for new projects in the year ahead.
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NFT trader sells CryptoPunk after a year for nearly $10M loss
An investor has sold a CryptoPunk non-fungible token (NFT) at a nearly $10 million realized loss, reflecting the continued decline in the once-booming blue-chip NFT market. A whale, or large cryptocurrency investor, sold a CryptoPunk NFT for 4,000 Ether (ETH) worth more than $6 million at the time of writing. The investor originally purchased the

Lightning Network Proving Less Electric for Bitcoin Than Promised
Bitcoin (BTC) turned 10 years old recently, and if someone were to tell its founder, Satoshi Nakamoto, in 2008 that the new decentralized currency would still be thriving in 2019, he/she/they may assume that the experiment succeeded. However, an idea like Bitcoin is capable of existing even if it isn’t very effective at delivering on its promises,…

Blockchain Experts Weigh in on Russia’s Controversial Coronavirus Tracking App
Experts suggest that blockchain technology could have been a better solution for handling coronavirus-related data in Russia.Moscow’s COVID-19 App is pulled from Google PlayOn March 25, an app called “Social monitoring” appeared in Google Play store. According to the app’s description, it was designed for social monitoring as well as for providing access to emergency…

CFTC Commissioner Mersinger says the time has come for action on crypto regulation
The commissioner said Congress may have to intervene in relations between the regulating agencies, but both have a role to work out; until then the burden is on the states. 380 Total views 5 Total shares United States Commodity Futures Trading Commission (CFTC) commissioner Summer Mersinger suggested that the time to act on cryptocurrency regulation…

Binance, Coinbase head to court, and the SEC labels 67 crypto-securities: Hodler’s Digest, June 4-10
Top Stories This Week U.S. SEC sues Binance and Coinbase amidst crypto crackdown Binance and Coinbase have been targeted in a new round of lawsuits by the U.S. Securities and Exchange Commission (SEC) against crypto businesses. The regulator pressed 13 charges against Binance on June 5, including those involving unregistered offerings and sales of tokens,…

Ethereum futures markets suggest rally to $3.7K is highly unlikely
Analysts warn that a spot ETH ETH approval might not produce the bullish price outcome that many traders expect. Do futures markets agree?

ENS’ director of operations says that DAO-based governance ‘has always been the plan’
Brantly Millegan, AKA “Brantly.eth,” discussed the rise of DAO governance, ENS’ new constitution and community voting rights following the protocol’s major ENS token airdrop. On Monday, distributed domain protocol Ethereum Name Service, or ENS, launched its own governance token in an effort to distribute voting rights for its new decentralized autonomous organization, or DAO, to…

Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs
A crypto data firm rep explained how analysis of Tether’s on-chain data can be used to forecast Bitcoin’s bull runs. A crypto data firm representative explained how Tether’s on chain data can potentially forecast Bitcoin’s (BTC) bull runs.Marketing and social media director at Santiment, Brian Quinlivan, told Cointelegraph on May 7 that the percentage of…