Cryptocurrency

Bankruptcy Judge Michael A. Kaplan approved BlockFi’s third amended Chapter 11 plan in a Sept. 26 court hearing, a filing on the same day shows.Continue Reading on Coin Telegraph More

After nearly five months, the strike, which began on May 2, 2023, was pronounced over at 12:01 am PT on Wednesday, Sept. 27, 2023, as reported by Deadline.Continue Reading on Coin Telegraph More

SEC Chair Gary Gensler is set to outline how the U.S. securities regulator is updating its rules to align with “technology and business models of the 2020s.” As is customary, Gensler’s opening remarks have been published ahead of the Sept. 27 hearing, outlining the SEC’s wider oversight of securities and exchanges in the United States.Continue Reading on Coin Telegraph More

Mixin Network encrypted the message with the exploiter transaction, requesting the exploiter to return the funds as the majority of the stolen funds were user assets.Continue Reading on Coin Telegraph More

As reported by local media on Sept. 24, Tecpetrol will launch its first gas-powered crypto mining facility in the Los Toldos II Este region, located north of Vaca Muerta in Argentine Patagonia. The company claims its approach would allow it to advance its crude oil production project and optimize gas utilization, thereby reducing waste.Continue Reading on Coin Telegraph More

Toni Wahrstätter, an Ethereum researcher, noted that five of the six largest block builders on Ethereum’s blockchain actively censor certain transactions in line with the Treasury Department’s Office of Foreign Assets Control (OFAC) directives. Most of these censored transactions originate from decentralized mixer Tornado Cash, according to Wahrstätter, a protocol blacklisted by the Treasury Department due to its use by bad actors, including the North Korean hacker organization Lazarus.Wahrstätter’s research further pointed to censorship across three pivotal players that keep Ethereum’s network running – validators, relays, and block builders. Censorship has been a front-boiler topic as blockchain technology advanced and crypto adoption spread worldwide. Decentralized network proponents frequently voice unease regarding centralized entities and the power they have over decentralized operations.Ethereum OFAC compliance | Source: Toni WahrstätterThese concerns were raised by Wahrstätter, who noted that obstacles rooted in the concentration of power by a few network participants pose a threat to blockchain ecosystems.In a bid to combat rising censorship and centralization on Ethereum (ETH), Wahrstätter suggested two solutions.The first is an inclusion list to aid censoring entities in handling OFAC-sanctioned transactions. This solution also recommends booting out non-compliant operators. Notably, this inclusion list was designed by Ethereum founder Vitalik Buterin and developer Mike Neuder in August 2023.Secondly, the researcher proposed encrypted mempools that would make it impossible for entities to censor on-chain transactions based on their origin or content.Buterin, a long-standing advocate for privacy and decentralization, remarked that censorship resistance is a bedrock for any blockchain, crypto.news previously reported. The Ethereum creator has also criticized the U.S. for its approach to crypto regulations and how they affect networks like Solana (SOL).This article was originally published on Crypto.news More

Laser Digital can receive full Financial Services Permission to operate after fulfilling conditions specified in the current approval. Those conditions were not specified in the communication. Laser Digital CEO Jez Mohideen said of the ADGM in the communication:Continue Reading on Coin Telegraph More

In a Sept. 26 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule change that would allow ARK 21Shares’ spot BTC ETF on the Cboe BZX Exchange. The commission’s previous delay on Aug. 11 gave the regulator until Nov. 11 to decide whether to approve, disapprove, or again defer a decision.Continue Reading on Coin Telegraph More