Cryptocurrency

Buterin’s blog post revolved around Worldcoin and its vision, as well as the overarching theme that informed the development of the Worldcoin token—proof-of-humanity. He underscored the importance of this concept as artificial intelligence had progressed and the boundary between humans and machines had begun to blur.Several platforms, including Worldcoin, Proof of Humanity, BrightID, Idenam, and Circles, posited that as bots became increasingly proficient, humans might face existential threats, which a universal basic income could help alleviate. These concerns, in Buterin’s view, underscored the necessity for digital human verification systems.Buterin suggested that such systems could address issues like spam prevention and power distribution, provided they maintained their commitment to decentralization. This decentralization would help reduce reliance on centralized authorities while preserving minimal data exposure.However, Buterin wasn’t oblivious to the potential hurdles these systems might encounter. He outlined four key areas of concern: privacy, accessibility, centralization within the Worldcoin Foundation, and security. He also referenced a brief panic moment for Worldcoin on June 27 when speculation of an attack arose due to a significant number of Safe deployments to Optimism.Steve Dakh, an Ethereum Attestation Service (EAS) developer, responded to Buterin’s post, suggesting that systems like Worldcoin might have complemented EAS, which provided a platform for creating, verifying, and revoking on/off-chain attestations.Buterin concluded that at that time, there was no “perfect form of proof-of-personhood.” He anticipated three distinct strategies for addressing this problem, potentially uniting into a hybrid solution. He advocated for community involvement in auditing, implementing checks and balances, and holding these systems accountable.Despite acknowledging the complexity of designing and implementing these systems, Buterin’s main assertion was that without proof-of-personhood, the world may increasingly be at the mercy of centralized identity solutions, money, small closed communities, or a mixture of these.The enthusiasm for Worldcoin was evident, as sign-ups for Worldcoin World ID had exceeded 2 million just a week before launch, doubling the initial count in half the time. With these developments, the discourse on proof-of-personhood and its role in our digital future remained an important conversation.This article was originally published on Crypto.news More

Although the near term looks bearish, long-term investors remain unfazed, and they continue to hold on to their positions. Glassnode data shows that Bitcoin’s (BTC) long-term holder supply made a new high of 14.52 million Bitcoin, “equivalent to 75% of the circulating supply.”Continue Reading on Coin Telegraph More

Two major crypto lobbying groups slammed the legislation: Coin Center and the Blockchain Association. The former released separate statements describing the legislation as a “messy,” “unworkable” and “unconstitutional” way of regulating DeFi. Kristin Smith, the CEO of the Blockchain Association, echoed Coin Center’s concerns and described the new legislation as redundant. Smith said federal law enforcement agencies already have the tools and expertise to combat this “relatively small but important issue.”Continue Reading on Coin Telegraph More

MakerDAO, the decentralized autonomous organization (DAO) responsible for the Dai (DAI) stablecoin and the governance token Maker (MKR), unveiled a five-phase roadmap in mid-May. Dubbed “Endgame,” the upgrade plan includes a new blockchain, a rebrand and the introduction of two tokens featuring updated functionalities.Continue Reading on Coin Telegraph More

The 77-page report was requested by Reps. Maxine Waters (NYSE:WAT) and Stephen Lynch before the midterm elections, when they were the chair and ranking member, respectively, of the House of Representatives Financial Services Committee. The report unsurprisingly found that more regulation is needed. The agency has a framework for evaluating regulatory reform proposals developed in 2009.Continue Reading on Coin Telegraph More

In a July 24 letter filed with the United States District Court for the Southern District of New York, the U.S. Attorney’s Office drafted a proposed order that would prohibit people directly involved with the case or anyone acting on their behalf from “publicly disseminating or discussing” information not considered admissible at trial, or “intended to influence public opinion.” As part of the conditions for his $250 million bail, Bankman-Fried is already barred from using messaging apps, virtual private networks and other technology.Continue Reading on Coin Telegraph More

Per the DeFiLlama data, there is a significant plunge in the total ETH tokens locked within its smart contract; however, the reverse is the case as concerns ADA. For a better perspective, while the total ETH in its DeFi protocol as far back as January was pegged at 18.28 million units, the current figure has now plummeted back to 13.33 million units at the time of writing.Cardano, on the other hand, saw the total TVL in its DeFi smart contracts pegged at 198.65 million ADA tokens as of Jan. 1, and today, this ADA lockup has grown to 571.92 million, an indication of consistent growth and embrace of new applications making their way onto the Cardano blockchain.However, amid all these, Cardano has a significant upside that investors can watch out for. The effort to the Cardano network remains a very promising push that can attract more Web3.0 developers who can build dApps to rival those on the Ethereum blockchain.It may take some time, but overall, Cardano has the to become as big, or even bigger, than Ethereum.This article was originally published on U.Today More

Python’s journey began in the late 1980s and early 1990s, and it has since evolved into one of the most widely used and beloved programming languages across various domains.Continue Reading on Coin Telegraph More