Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0
Ethereum co-founder Vitalik Buterin has outlined his vision for a “plausible roadmap” for Eth2, presenting a future where the largest smart-contract platform can increase its scalability while meeting high standards for trustlessness and censorship resistance. In a Monday post titled “Endgame,” Buterin presented a thought experiment for how the average big blockchain — defined by very high block frequency, high block size and thousands of transactions per second — can still be considered sufficiently trustless and censorship-resistant.
Browser cookies are not consent: The new path to privacy after EU data regulation fail
Nobody loves cookies: Where the European Union General Data Protection Regulation falls short and what can be done. And as it turns out, it doesn’t even matter what you click. Because “Real-Time Bidding,” the primary tracking-based ad system, nevertheless “broadcasts internet users’ behavior and real-world locations to thousands of companies, billions of times a day.”
Decentralized exchange aggregator trading volumes surge to new highs
Trading volumes on popular decentralized exchange (DEX) aggregators have surged to new highs over the past few weeks. Decentralized exchange aggregators provide a way for token traders and swappers to scan several DEX platforms to get the best swap rates at the time. According to Dune analytics, popular DEX aggregators such as 1inch, 0x and ParaSwap have seen their volumes surging over the past month. The combined volume for those three hit a cumulative weekly all-time high of $6 billion last week, increasing by around 50% since the beginning of November.
China’s central bank proposes to monitor metaverse and NFTs
China’s crackdown on crypto is expanding into the metaverse and nonfungible tokens (NFT), an executive at the People’s Bank of China (PBoC) recently implied. Speaking at a national financial security summit, Gou Wenjun, director of the Anti-Money Laundering (AML) unit at the PBoC, pointed to the risks associated with leaving the new trends of the crypto ecosystem, such as NFTs and the metaverse, unregulated. He claimed that, while people would use said digital assets for privacy and wealth appreciation, they are also prone to be used for illicit purposes such as money laundering and tax evasion.
Crypto.com to acquire two US exchanges for derivatives and futures offerings
Global crypto exchange Crypto.com is looking to strengthen its foothold in the United States by acquiring IG Group’s stakes in two exchange platforms. Crypto.com announced that it is purchasing the U.S.-regulated North American Derivatives Exchange (Nadex) and the Small Exchange for a reported $216 million. The deal is expected to close in the first half of 2022, following regulatory approval.
New German government cites crypto in coalition agreement
The new German government has cited crypto in its coalition agreement, advocating for an equal playing field between traditional finance and “innovative business models.” Three German political parties agreed to a coalition deal this week that will see left-leaning Social Democrats (SDP), the Green Party and the right-friendly Free Democrats take the reins from December this year.
Bitcoin offers ‘Black Friday deal’ with sub-$55K BTC price — Just like 2020
Bitcoin (BTC) may be down 20% from all-time highs, but this is a golden opportunity to “buy the dip,” analysts argue. Black Friday is living up to its name in crypto this year as both Bitcoin and many altcoins are trading at their lowest in six weeks.
Russians transact $5B in crypto each year, Bank of Russia says
Russian people are among the world’s most active participants of the cryptocurrency market, according to the country’s central bank. The Bank of Russia published a fresh review on financial stability on Thursday, pointing out the country’s growing role in the $2.8 trillion market.
Crypto Thanksgiving: NFT drops and Black Friday deals go mainstream?
From the rise of the Metaverse to major brands announcing nonfungible token (NFT) drops, cryptocurrency mass adoption is well underway. Americans in particular have taken a growing interest in crypto, as recent findings from the Pew Research Center found that nearly a quarter of 10,371 adults in the United States were familiar with cryptocurrency, while only one-eighth (13%) were entirely unfamiliar with the concept. Additional research from online broker firm, BrokerChooser, discovered that the U.S. is the third most interested county in NFTs, falling behind Canada and Australia.
Bitcoin price metric demands ‘strong reaction’ as $56K BTC starts to look ‘seriously cheap’
Bitcoin (BTC) is “seriously cheap” at $56,000 relative to network activity — and that means only one thing, one analyst says. In a tweet on Nov. 24, Philip Swift, creator of analytics platform LookIntoBitcoin, highlighted a bull flag on Bitcoin’s Advanced NVT Signal.