Full decentralization will happen in a few years — Layer-2 rollup teams
Several layer-2 rollup teams, including those for Linea, zkSync, Arbitrum and Optimism, claimed that full decentralization is coming soon.
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A Gov official in South Korea proposed the nation’s first blockchain voting platform
This region in South Korea may adopt a blockchain voting system. On September 11, the head of the Seocho regional government proposed a blockchain-powered voting platform for residents, and praised the recent influx of crypto-related developments across the country.According to UpDown Korea, Cho Eun-hee, who is the local government leader of one of Seoul’s most…
US Treasury official beckons new stablecoin regulations
The United States Treasury made further hints at new laws for stablecoins on Dec. 17. Nellie Liang, the Under Secretary of the Treasury for Domestic Finance, fueled more stablecoin regulation speculation with comments on investors ‘potentially big risk’ when using stablecoins. Following on from the Financial Stability Oversight Council November 2021 report on stablecoins, the top…
New Bitcoin Yardstick metric says $20K BTC now ‘extraordinarily cheap’
A simple but elegant Bitcoin (BTC) price metric has returned to lows from before the 2017 bull market.As noted by its creator, Charles Edwards, CEO of asset manager Capriole, the Bitcoin Yardstick is now at its second lowest levels in history.Yardstick prints second-lowest reading everAs on-chain metrics converge to put in a classic macro bottom…
Coinbase IPO to further legitimize crypto, but limitations remain
In some ways, the Coinbase exchange is the poster child for the crypto industry. It has embraced — not fought — regulation, which sets it apart from most cryptocurrency exchanges while the firm’s trading app is praised for its ease of use. When JPMorgan Chase decided to extend traditional banking services to crypto firms in…
The Agenda podcast chats crypto and sex work with WetSpace CEO Allie Rae
Allie Rae of WetSpace joins Cointelegraph’s new podcast The Agenda to discuss how crypto and blockchain can empower adult content creators. 245 Total views 4 Total shares Own this piece of crypto history Collect this article as NFTWhat do the cryptocurrency and porn industries have in common? As it turns out, both are frequent targets…
Coinbase Exchange Inaccessible Due to 5x Traffic Spike During Bitcoin Surge
According to Coinbase, the exchange’s autoscaling couldn’t keep up with a 5x traffic spike experienced during a Bitcoin price surge to $10,000. 1846 Total views 56 Total shares The largest cryptocurrency exchange in the United States said its autoscaling was unable to keep up with a huge traffic spike that left many users unable to…
Ethereum’s Core Dev Team Is Searching for a New Hard Fork Coordinator
Ethereum’s (ETH) core developers discussed the need for a new hard fork — or network upgrade — coordinator during a core developer meeting on March 1.As Cointelegraph reported in February, Afri Schoeden, release manager at Ethereum infrastructure firm Parity Technologies, has quit all Ethereum projects after a controversial tweet that sparked outrage on social media.His…
MasterCard, VISA to Classify Crypto, ICOs as ‘High Risk,’ Increase Monitoring, Sources Say
Payment giants MasterCard and VISA will soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category, financial trading news site Finance Magnates reported Friday, October 12.According to the Broker Complaint Registry, some details of the shortly upcoming classification by MasterCard had already become public in May of this year. The…