Bank of International Settlements Calls Crypto “Structurally” Flawed
The Bank of International Settlements (BIS) has released a report titled “The Crypto Ecosystem: Key Elements and Risks” which highlights the structural flaws of the cryptocurrency industry. The report suggests that the technology could be better utilized in a more trusted traditional financial system, and that the industry is too unstable to become a fixture in international economics.
Jack Dorsey's Block to Launch Complete Set of Bitcoin Mining Hardware and Software in 2024
Jack Dorsey, co-founder and former CEO of Twitter, has shifted his focus to the crypto world, specifically Bitcoin. He is also the CEO of Block (formerly Square), which recently integrated a crypto wallet within its Cash App and is now developing a new special hardware for mining Bitcoin.
dYdX Launches Public Testnet for V4, Paving the Way for Full Decentralization
Crypto exchange dYdX has announced the launch of a public testnet for its V4 iteration, marking the completion of milestone 4 out of 5. Once implemented on the mainnet, V4 is expected to enable full decentralization of the exchange.
Anarchy Launches Decentralized Meme Cryptocurrency Platform with Voting Rights DAO
July 3 (Cointime) - Anarchy (ANA), a new meme cryptocurrency platform promoting decentralization, has launched and is experiencing a successful presale. The platform aims to create a community that values free speech and privacy rights. Users can purchase the $ANA token and join a Decentralized Autonomous Organization (DAO) to gain voting rights within the ecosystem. Anarchy's main purpose is to promote decentralization and create a community based on mutual respect and trust, with the DAO being a key feature of the platform. The presale for $ANA is currently ongoing, with the token priced at its lowest possible value.
DeVol Protocol Aims to Boost Decentralized Options Trading in DeFi Ecosystem
June 29 (Cointime) - The DeFi industry, which is worth $50 billion, aims to democratize financial products for internet users worldwide. However, due to its nascent nature, the path to mainstream adoption remains relatively uncharted.
Unlocking the Power of Web3 Knowledge and Creators: Nail's Innovative Vision for Content Creation and Monetization
Nail opted to start with the currently popular live-streaming format. The platform provides two unique live-streaming formats—voice/graphic and text—and supports interaction among multiple participants.
SHIB Burn Rate Increases as 101 Million Tokens Removed from Circulation, Lead Developer Compares Shiba to Bitcoin
June 27 (Cointime) - The SHIB community is reducing the circulating supply of Shiba Inu meme tokens, with tens of millions of SHIB being locked out of circulation in the past few days. An anonymous whale burned 79.5 million SHIB in a single transaction, contributing to the burn rate reaching 161%.
Arkham Launches Support for TRON Blockchain, Enabling Users to Track Entities with AI-Powered Analytics
June 26 (Cointime) - Arkham, the blockchain intelligence platform, has announced its support for TRON blockchain, which will allow traders and researchers to track entities on TRON using Arkham's AI-powered analytics engine.
Cyberapital Founder Justin Bons Said on Social Media: BTC’s Governance Is a Dictatorship, and Ethereum Has a Wider Node Diversity and Is Better
June 26 (Cointime) -The governance of BTC is effectively centralized under Bitcoin Core, with only one lead maintainer having the final say, making it a sort of dictatorship. However, like all dictatorships, there are limits to what they can do. But that's still a complete twist on true decentralization! The Bitcoin CoreCore decision (a centralized party) governs the code running on the BTC network and has now reached over 98% dominance power…. Ethereum is better due to having a wider diversity of nodes. Both BTC and ETH have "off-chain" governance, which is nothing more than a decentralized show. While people can choose to run what they want to run, they cannot simply not upgrade.
Brian Armstrong Envisions Coinbase Eventually Becoming a 'Super App'
June 26 (Cointime) -Coinbase CEO Brian Armstrong envisions the platform becoming a "super app" that offers a range of financial services beyond just cryptocurrency trading. The company has already expanded into areas such as debit cards and loans, and Armstrong sees potential for further growth in areas like investing, budgeting, and even gaming. Coinbase's ultimate goal is to become a one-stop-shop for all things finance-related, making it easier for users to manage their money in one place. However, some critics have raised concerns about the company's growing influence over the crypto industry and its potential impact on decentralization.
