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    Vitalik Buterin Wants to Redesign Ethereum, Here’s How It Will Affect Everyone

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    Buterin’s vision includes integrating private mempools and ERC-4337. Private mempools could offer users enhanced privacy and security by allowing them to conduct transactions without exposing their intentions to the public mempool where miners could see and potentially exploit them. ERC-4337 refers to account abstraction, allowing users to have more sophisticated control over their accounts, with operations like multisig wallets becoming easier to implement and more secure.Code precompilation is another feature Buterin is keen on integrating. This could potentially increase the efficiency of smart contract deployment, making them quicker and cheaper to execute by preprocessing some elements of the code.Liquid staking, a process that allows stakers to liquify staked (or locked) assets, is a feature Buterin wants to see improved. He has expressed concerns over the centralization of liquid staking solutions, which could be a risk for the network if too much control is in the hands of a few entities like . Decentralizing this aspect could democratize the staking process, giving more users the chance to participate without relinquishing liquidity.The redesign proposes would likely make Ethereum more scalable, secure and efficient. These changes could lower the barriers to entry for new users and developers, fostering a more inclusive and robust ecosystem. The exact impact on Ethereum’s price and the broader crypto market is speculative, but typically, improvements that address fundamental issues and enhance usability bode well for the network’s value and adoption.This article was originally published on U.Today More

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    Security audits ‘not enough’ as losses reach $1.5B in 2023, security professional says

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    Before September, almost $1 billion had already been lost to crypto hacks, exploits and scams in 2023. Yet, more incidents continue to shake the crypto world in the fourth quarter of 2023, such as the Poloniex exploit, with over $100 million in digital asset losses, and the HECO Chain bridge hack, with over $80 million in losses. Continue Reading on Cointelegraph More

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    Terra Classic (LUNC) Surges: Flash in Pan or Start of Steady Climb?

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    The surge in LUNC’s value can be primarily attributed to a couple of significant developments within the Terra ecosystem. Terra Classic Labs made a strategic investment of approximately $500,000 into TerraClassicUSD (USTC), the algorithmic stablecoin related to the Terra platform.This injection of capital is seen as a confidence-boosting move that may have contributed to the recent price rally​​. Additionally, the Terra Classic community has rallied behind the token, with concerted efforts aimed at reviving the beleaguered assets, leading to impressive price growth for both USTC and LUNC over a single weekend​​.A pivotal factor behind the rally is the significant token burn that has occurred. Over 78.24 billion LUNC tokens have been destroyed, reducing the circulating supply to 5.8 trillion and potentially adding to the upward pressure on the token’s price​​. This mechanism of token burning is often used within the cryptocurrency industry to manage inflation and bolster token value by reducing supply.XRP has faced immense pressure from various fronts, which has contributed to its constricted price movement. The lack of groundbreaking news or developments specific to Ripple or XRP has left technical analysis as the primary tool for gauging the asset’s future performance. This is not uncommon in the cryptocurrency space, where market sentiment and technical chart patterns often drive price action in the absence of news.The current market scenario sees XRP’s price action squeezed near a resistance level, which it has tested multiple times without significant success. This kind of price behavior suggests that XRP is looking for a catalyst, a stronger push that could either stem from broad market developments, specific news related to Ripple’s ongoing legal challenges or new utility partnerships for XRP.Technical indicators show that is in a phase where it is grappling with maintaining its ground, let alone staging a reversal. However, the resilience of XRP amid a lack of news indicates a strong holder base that believes in the long-term value of the asset.The technical analysis of the ETH/USD chart reveals a failed attempt to break through the $2,130 resistance level. This point acted as a significant barrier, one that bulls were unable to overcome, leading to a pullback in price. The candlestick pattern around this resistance level indicates a struggle to maintain upward momentum, possibly due to a lack of conviction among buyers or an influx of sellers taking profits.The possibility of a repeated breakthrough attempt remains, as market participants eye the $2,130 level to gauge Ethereum’s strength. However, current market conditions, characterized by a lack of volume and liquidity, could be impeding the price performance of Ether. A decrease in trading activity can often lead to price stagnation or increased volatility due to the market’s susceptibility to larger price swings from smaller orders.This article was originally published on U.Today More

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    Jump Crypto filed docs confidentially in SEC v. Terraform Labs case

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    In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Jed Rakoff approved the confidential treatment of certain materials produced by Jump Crypto Holdings, the crypto arm of Jump Trading. The firm was reportedly under scrutiny from the SEC for its alleged involvement in the events leading to the depegging of TerraUSD (UST) and the downfall of Terra — one of the major events kicking off the crypto market downturn of 2022.Continue Reading on Cointelegraph More