Over four minutes of questioning, Emmer hinted at Gensler’s background in finance, which included 18 years with Goldman Sachs, where he was a partner and co-head of finance. As per Emmer’s view, Gensler’s ties to the financial industry limit his ability to be an impartial regulator. He said:Continue Reading on Coin Telegraph More
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. Continue Reading on Coin Telegraph More
According to the Sept. 27 announcement, the second tranche of funding, with a buffer of 10% for price volatility, is worth an estimated $62 million and will be decided via an on-chain vote on Oct. 4. If approved, the funds will be used for operations and research grants. The Uniswap Foundation is responsible for growing core protocol metrics, building a pipeline for innovation and aligning incentives for stakeholders of the popular DEX. Continue Reading on Coin Telegraph More
Despite the public attention drawn by Conor’s tweet about the event, there was no observable blockchain or ETH2 deposit account activity that could substantiate this large-scale minting. Interestingly, the number of recent BETH transfers mirrored those of WBETH (Wrapped Ethereum tokens) on Ethereum’s Layer 1. This development comes amidst ongoing regulatory scrutiny of Binance, further adding to the intrigue surrounding this event. As the crypto industry continues to evolve at a rapid pace, actions such as these are closely monitored by both participants and regulators alike. The implications of this move on the broader market are yet to be fully understood. However, it underscores the dynamic and often unpredictable nature of the cryptocurrency landscape.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The centralization of Ethereum’s validator set is a matter of concern, as it could potentially lead to monopolization by these entities. Lido, which has become the most substantial validator, has introduced an innovative approach to staking. By granting users immediate liquidity and rewards via stETH, Lido has managed to dominate a significant portion of Ethereum’s validation process.Ryan’s observations underscore the growing apprehension within the Ethereum community about the concentration of power in the hands of a few entities following the shift to proof-of-stake. This new model was intended to reduce energy consumption and increase transaction speed on the Ethereum network.However, the dominance of Lido, Coinbase, and Binance in the staking process could undermine the decentralization ethos that underpins blockchain technology. These concerns highlight the challenges that Ethereum and other cryptocurrencies face as they seek to balance innovation, efficiency, and decentralization in their operations.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The CIA reportedly plans to equip its analysts with the new AI tool to better access open-source intelligence. This includes sifting through public information for leads in investigations. Continue Reading on Coin Telegraph More
Following this action, speculation within the community about a potential listing of BONE on Binance has been ignited. The rumors have pushed the price of BONE up to $0.906, a significant increase that has also seen its trading volume surge by 55.53% to $8.11 million.Binance, a leading global cryptocurrency exchange platform, has already enabled price tracking for BONE, which is used as a gas token on Shibarium. This development has further fueled the speculation that Binance might consider listing BONE following its renunciation by the Shiba Inu team.It is important to note that while these speculations have had a positive impact on BONE’s price and trading volume, there has been no official confirmation from Binance regarding a potential listing. As such, investors are advised to remain cautious and make informed decisions based on verified information.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The decision was part of a series of rulings made by Kaplan in a 16-page pretrial order on Sept. 26, where he cleared up what evidence would be admissible in court during the FTX founders’ fraud trial, currently scheduled to begin on Oct. 3.Continue Reading on Coin Telegraph More
