Vitalik Buterin applauds the success of the London hard fork
Vitalik Buterin, co-founder of Ethereum stated that the success of the London hard fork has given him more confidence in the upcoming merge to the Ethereum 2.0 chain. The EIP-1559 district, according to Buterin, is “definitely the most important part of London.” according to Bloomberg News from Singapore. As a result of the upgrade, which was completed approximately 15 […]
White House only supports minor changes to crypto tax proposal
The crypto community is protesting a US infrastructure plan amendment that keeps strict reporting requirements for developers and validators but exempts miners. In response to proposed amendments to the White House infrastructure plan’s crypto provisions, the crypto community has mobilized to oppose the plan, which seeks to raise $28 billion for infrastructure funding through increased […]
Aftermath of the London upgrade: Ethereum network burns $395K ETH per hour
A total of 2.3 Ethereum per minute or $6,600 is being consumed at the current rate. By using the new transaction fee mechanism, which was implemented as part of Ethereum’s London upgrade on August 5, approximately 2.3 ETH is burned every minute. Last week, the much-anticipated London hard fork went live, ushering in the EIP-1559 […]
Decentralization is the only thing that will save DeFi projects, asserts SEC commissioner
Commissioner Pierce of the Securities and Exchange Commission believes that the only way for DeFi founders to avoid financial regulation is to ensure complete decentralization from the start. In a recent blog post, Hester Pierce of the Securities and Exchange Commission of the United States , also known as “Crypto Mom,” expressed concern about widespread […]
Venezuela’s “Digital Bolivar” debuts in October
Venezuela’s Central Bank will simultaneously devalue its currency by deducting six zeros from it in order to combat monetary inflation. Venezuela’s currency will be undergoing a transformation in more ways than one as the government attempts to contain inflation while also establishing monetary sovereignty. The Central Bank of Venezuela announced today that the digital bolivar, […]