Coinbase has added the yet-to-be-launched native token of Ethereum (ETH) Layer 2 Polygon to its listing roadmap. The largest US cryptocurrency exchange, which made the announcement via social media platform X, said that it has included Polygon’s POL in its listing roadmap created in 2022 to increase transparency and prevent preemptive execution of token listings. According to Polygon Labs, POL is a rebranded version of Polygon’s MATIC, which is scheduled to launch on September 4th. MATIC will ultimately be replaced by POL, Polygon’s native gas and staking token, in the initial phase of the transition. In subsequent phases, the community…
Author: Crypto Flexs
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Iris Coleman 23 Aug 2024 14:32 Switzerland, along with Germany and France, has mandated open source for government-developed software, strengthening digital sovereignty and security. European countries such as Switzerland, Germany, and France are increasingly embracing free and open source software (FOSS) to enhance digital sovereignty, security, and innovation. Swiss law mandates that government-developed software be open source, while Germany and France have taken similar steps to reduce their reliance on foreign technology suppliers. The EU is supporting this shift through initiatives such as the Free and Open Source Software Audit (FOSSA) project, according to…
The Blockchain Association and DeFi Education Fund say a new database run by the U.S. Securities and Exchange Commission could pose privacy concerns for millions of people and include digital assets.In 2012, following the financial crisis, the SEC adopted Rule 613, requiring national securities exchanges and financial industry regulators to maintain consolidated audit trails (CATs). target In 2017, former SEC Chairman Jay Clayton said the goal was to allow regulators to oversee securities markets on a “uniform basis.” According to the Securities Industry and Financial Markets Association, the integrated audit trail will be fully operational by the end of May…
According to Galaxy Research, transactions on Ethereum Layer 2 have more than doubled since Denkun, most likely due to bots. The Ethereum mainnet also saw a significant decline in total revenue and ETH was burned. that Ethereum (ETH) The Dencun upgrade began in March of this year. While it had the desired effect of making Layer 2 scalable and cost-effective, it also had some unintended downsides. According to Galaxy’s in-depth analysis, the EIP-4844 upgrade significantly reduced Ethereum rollup fees, driving adoption. It also shifted revenue away from the Ethereum mainnet. Galaxy researcher Christine Kim points out that the Ethereum network’s…
Ted Hisokawa 23 Aug 2024 14:53 NVIDIA engineers will unveil advancements in Blackwell platform, liquid cooling, and AI-based chip design at Hot Chips 2024. At the upcoming Hot Chips 2024 conference, NVIDIA engineers will present groundbreaking innovations aimed at improving data center performance and energy efficiency. According to the NVIDIA Blog, the event, scheduled for August 25-27 at Stanford University, will feature four talks by NVIDIA’s senior engineers. NVIDIA Blackwell Platform NVIDIA’s presentation highlights the NVIDIA Blackwell platform, which integrates multiple chips, systems, and NVIDIA CUDA software to power next-generation AI applications. The NVIDIA…
Bitcoin (BTC) broke above $62,000 on Wall Street on August 23 after the U.S. Federal Reserve announced it would cut interest rates for the first time since 2019.BTC/USD 1-hour chart. Source: TradingViewBTC Price Volatility Increases as Fed Chair Powell Says Policy Should Be ‘Adjusted’A new local BTC price was recorded at $62,323 on Bitstamp, according to data from Cointelegraph Markets Pro and TradingView.Investors reacted warmly to Federal Reserve Chairman Jerome Powell’s confirmation that interest rates would now begin to fall.”It’s time to adjust policy,” he said in a speech at the Jackson Hole annual symposium.In an episode in which markets…
Independent candidate Robert F. Kennedy Jr. has dropped out of the 2024 U.S. presidential race.According to documents filed with the Arizona Secretary of State, Kennedy withdrew from the race on August 22.RFK withdraws from presidential race. Source: Arizona Secretary of StateThe withdrawal comes ahead of a speech Kennedy is scheduled to deliver in Arizona on August 23.The resignation comes days after Republican presidential nominee Donald Trump indicated that Kennedy would be available to serve in his administration if the independent candidate dropped out, Trump told CNN.The outcome of the US presidential election could have a major impact on global cryptocurrency…
JPMorgan has cut its price targets for Bitcoin miners, reflecting company-specific announcements including second-quarter results, fleet efficiency improvements, and hashrate targets. The target price cut is primarily due to the decline in Bitcoin’s price since the last model update, which lowered the spot Bitcoin price estimate from $68,000 to $60,000, according to an analysis report released by the investment bank on Friday.Additionally, the baseline network hash rate assumption has increased from 600 exahashes per second to 615 EH/s. This factor has reduced the estimated target gross profit per EH/s for miners, the report added.“Our price targets have declined across the…
Opinion from Dr. Andreas Freund. 21 August 2024 TL/DR There are platform solutions for DeFi protocols to integrate regulatory compliance without compromising decentralization. Using blockchain technology and cryptographic protocols, DeFi protocols can ensure secure and transparent transactions that meet regulatory standards while maintaining user privacy. Such protocols enforce compliance rules on digital assets and their holders. Therefore, they can provide a robust and flexible system to help DeFi protocols navigate the complex regulatory landscape, contributing to a safer and more reliable decentralized financial ecosystem. Introduction Decentralized Finance (DeFi) has taken the financial world by storm (at least in the OpEd…
Tether, the issuer of USDT, the world’s largest stablecoin, has decided to abandon its own blockchain, citing market saturation and strategic concerns. In an interview with Bloomberg News, the company’s CEO, Paolo Ardoino, explained that this position was based on his analysis of the blockchain space and the highly competitive market.Ardoino said it might not be the “right move” for the company to launch its own blockchain because there are already “very good blockchains” available to the public.relevant: Tether Expands USDT to Aptos Blockchain to Reduce FeesMarket saturationIn the interview, Ardoino noted that blockchain is becoming increasingly commoditized, with many…