A Russian digital services expert has predicted a future where passport-based identification for Internet access becomes the norm, citing a broader trend towards the de-anonymization of online spaces. His comments follow a move by Telegram to disclose user data during rule violation investigations, reflecting a significant shift in how anonymity is handled on the web.…
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U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler sees irony in the approval of spot bitcoin exchange-traded funds (ETFs). “This was about centralization and traditional means of finance,” said Gensler, warning: “Investors should be aware that this underlying asset is a highly speculative, volatile asset, and amongst its use cases is really for illicit…
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The security platform released a report categorizing Web3 exploits in 2022, concluding that nearly half came from “infrastructure” or centralized elements. A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on…
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The 22% self-limit rule ensures at least four major staking entities would need to collude in order for the chain to reach finalization. At least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking…
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Crypto blockchains are designed to be fully decentralized so that no single person or group has control. However, new data has shown that the top 10 Ethereum addresses control over 35% of the total ETH supply. For a network that was designed to be decentralized, this has sparked some serious concerns over how centralized ETH…
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In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past 24 hours, WLD showcased a…
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A Lido team member claimed Rocket Pool is not really governed by its DAO, but Rocket Pool community members pushed back, claiming the protocol is becoming more decentralized. A team member for Lido has accused competitor Rocket Pool of being too centralized in a July 4 social media post. Both Lido and Rocket Pool are…
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Following Blackrock, the largest asset manager globally, filing for a spot bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), Ran Neuner, host of Crypto Banter, stated during an interview with Michelle Makori, lead anchor for Kitco News, that he believes the asset manager has “no malicious intent.” Neuner additionally expressed his…
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Ethereum’s core developers are engaged in discussions about raising the validator threshold from 32 ETH to 2,048 ETH. This proposal, put forward by Michael Neuder, a researcher from the Ethereum Foundation, aims to address concerns related to decentralization, inflation, and the size of the validator set. Neuder acknowledges that the existing threshold promotes decentralization, but…
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As the smoke starts to clear around the massive crater left by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts on the ether community’s view of centralization. In related news, CME Group CEO Terry Duffy recalls in March when he called former FTX boss Sam Bankman-Fried an “absolute fraud.” Implosions notwithstanding, Coinbase…
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