The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
US Treasury sanctions Gaza-based crypto operator allegedly tied to Hamas
According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds.
How high can Bitcoin price go by 2024?
Historic price fractal, strong technicals, and Bitcoin ETF approval euphoria could keep BTC prices elevated for the rest of 2023.
Ethereum restaking: Blockchain innovation or dangerous house of cards?
“Restaking” involves reusing staked Ether to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. But many fear restaking could disrupt Ethereum’s chain itself.
Ethereum restaking: Blockchain innovation or dangerous house of cards?
“Restaking” involves reusing staked Ether to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. But many fear restaking could disrupt Ethereum’s chain itself.
Ethereum restaking: Blockchain innovation or dangerous house of cards?
Ethereum restaking — proposed by middleware protocol EigenLayer — is a controversial innovation over the past year that has some of the brightest minds worried about the potential ramifications.
Restaking involves reusing staked or locked-up Ether tokens to earn fees and rewards. The restaked tokens can then help secure and validate other protocols.
Proponents believe restaking can squeeze additional security and rewards from already staked ETH and grow the crypto ecosystem in a healthier way based on Ethereum’s existing trust mechanisms. Restaking could serve as a security primitive for exporting Ethereum’s trust generated by its validators to other projects.
Yet Ethereum co-founder Vitalik Buterin and a number of key devs worry that restaking is a house of cards that will inevitably tumble. Some of those Ethereum devs have even proposed a fork to head off restaking platform EigenLayer.
Why the project’s founders promote “trust as a service” from Ethereum without the Ethereum founder and others’ willingness to participate is still to play out. Will the whole concept result in an Ethereum fork to protect the network from catastrophic failure?
Ethereum restaking: Blockchain innovation or dangerous house of cards?
“Restaking” involves reusing staked Ether to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. But many fear restaking could disrupt Ethereum’s chain itself.
Ethereum restaking: Blockchain innovation or dangerous house of cards?
“Restaking” involves reusing staked Ether to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. But many fear restaking could disrupt Ethereum’s chain itself.
Ethereum restaking: Blockchain innovation or dangerous house of cards?
Ethereum restaking — proposed by middleware protocol EigenLayer — is a controversial innovation over the past year that has some of the brightest minds worried about the potential ramifications.
Restaking involves reusing staked or locked-up Ether tokens to earn fees and rewards. The restaked tokens can then help secure and validate other protocols.
Proponents believe restaking can squeeze additional security and rewards from already staked ETH and grow the crypto ecosystem in a healthier way based on Ethereum’s existing trust mechanisms. Restaking could serve as a security primitive for exporting Ethereum’s trust generated by its validators to other projects.
Yet Ethereum co-founder Vitalik Buterin and a number of key devs worry that restaking is a house of cards that will inevitably tumble. Some of those Ethereum devs have even proposed a fork to head off restaking platform EigenLayer.
Why the project’s founders promote “trust as a service” from Ethereum without the Ethereum founder and others’ willingness to participate is still to play out. Will the whole concept result in an Ethereum fork to protect the network from catastrophic failure?
Ethereum restaking: Blockchain innovation or dangerous house of cards?
Ethereum restaking — proposed by middleware protocol EigenLayer — is a controversial innovation over the past year that has some of the brightest minds worried about the potential ramifications.
Restaking involves reusing staked or locked-up Ether tokens to earn fees and rewards. The restaked tokens can then help secure and validate other protocols.
Proponents believe restaking can squeeze additional security and rewards from already staked ETH and grow the crypto ecosystem in a healthier way based on Ethereum’s existing trust mechanisms. Restaking could serve as a security primitive for exporting Ethereum’s trust generated by its validators to other projects.
Yet Ethereum co-founder Vitalik Buterin and a number of key devs worry that restaking is a house of cards that will inevitably tumble. Some of those Ethereum devs have even proposed a fork to head off restaking platform EigenLayer.
Why the project’s founders promote “trust as a service” from Ethereum without the Ethereum founder and others’ willingness to participate is still to play out. Will the whole concept result in an Ethereum fork to protect the network from catastrophic failure?
Central banks want to look under crypto’s hood — Is this a positive sign?
The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto.
UK tops crypto activity in Central, Northern and Western Europe: Chainalysis
Crypto adoption in the United Kingdom has been growing as the country adopts more regulations targeting crypto and stablecoins, the study shows.
Keep it simple: Cryptonauts shares tips on growing a crypto YouTube channel
Cryptonauts co-founder Nathan Leung tells The Agenda how and why his team creates crypto content for the culture.
Bitcoin metrics 'improve bullish odds' as BTC price holds 200-week trendline
BTC price gains are not guaranteed as a result, but promising on-chain signals show "good things are happening" for Bitcoin bulls, analysis says.
Middle East regulatory clarity drives crypto industry growth — Binance FZE head
UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches.
IMF director urges ‘financial inclusion’ via digitalization
IMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion.
Council of Europe adopts DAC8 crypto tax reporting rule
The eighth iteration of the Directive on Administrative Cooperation was formally adopted by the Council of the European Union
UK to target potential AI threats at planned November summit
The summit scheduled for Nov. 1-2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by several legislators.
Future of DAOs limited by lack of regulatory framework: ECB Occasional Paper
Uncertain regulatory conditions continue to have a negative impact on the sustainable growth of the DAO ecosystem, revealed a new European Central Bank occasional paper.
Ethereum LSDFi sector grew nearly 60x since January in post-Shapella surge: CoinGecko
The LSDFi sector’s total value locked has grown 5,870% since January as ETH holders seek better yields.