CFTC Chair Russ Behnam confirms on CNBC that many crypto tokens are commodities
Crypto exchange KuCoin reportedly settles lawsuit that labeled ETH as security
Kucoin settles its case with NYAG and will be existing from New York state as part of the deal The lawsuit was the first regulatory action labelling Ethereum (ETH) as a security The case of New York Attorney General – Letitia James versus Kucoin has reportedly come to an end. According to Reuters, the crypto […]
Starknet to hand 10% of network fees to devs, with $3.5M in first distribution
Layer-2 network StarkWare and the Starknet Foundation are set to distribute a 10% cut of network fees to developers, a part of a pilot program called “Devonomics.” In an announcement shared with Cointelegraph on Dec. 12, StarkWare CEO Uri Kolodny said it was allocating a portion of the network fees, provisionally 8%, to decentralized app […]
Ethereum scaling firm =nil; Foundation introduces security-focused zkEVM
Zero-knowledge technology firm =nil; Foundation has developed a new type-1 zero-knowledge Ethereum Virtual Machine (zkEVM) compiler to address security concerns identified in similar ZK-powered Ethereum scaling solutions. Speaking exclusively to Cointelegraph, =nil; Foundation CEO and co-founder Misha Komarov says the technology prioritizes security and allows high-level programming code to be compiled automatically into Zero-Knowledge Succinct […]
PEPE Coin and BEFE Coin Predicted to Skyrocket in Price
The post PEPE Coin and BEFE Coin Predicted to Skyrocket in Price appeared first on Coinpedia Fintech News The cryptocurrency market is abuzz with anticipation as PEPE Coin and its rival, BEFE Coin, have emerged as potential frontrunners for a significant price surge. The recent surge of BEFE Coin by 350% following its listing on […]
Bitcoin’s water consumption: A new environmental threat?
Bitcoin, the world’s leading cryptocurrency, has long been under scrutiny for its environmental impact due to the energy-intensive nature of its mining process. Since its inception in 2008, Bitcoin has never been hacked. Its tight security, provided by its proof-of-work (PoW) consensus mechanism, provides value to the cryptocurrency. PoW, however, is energy-intensive and relies on […]
CFTC chair says most cryptocurrencies are commodities under current laws
Commodities Futures Trading Commission (CFTC) Chairman Rostin Behnam believes that most cryptocurrencies are commodities under existing laws, which need to be updated to account for technological advances. Behnam made the statement during an interview on CNBC’s Squawk Box on Dec. 12. The CFTC chair said there is an urgent need for more comprehensive regulatory frameworks […]
Ultra Reveals First Digital PC Game That Can Be Resold via NFT License
Ultra, a PC marketplace for both blockchain and traditional “Web2” video games, is about to make good on one of its key selling points: It’s about to launch the first digital PC game that can be resold to other users via a tokenized license. On Wednesday, Ultra will launch the feature for Josh Journey: Darkness […]
VeChain News: What Caused VeThor (VTHO) to Rise 45%
VeThor Token one of two tokens employed by VeChainThor public blockchain
Ethereum burns $2.5B worth of ETH since merge as supply drops to all time low
Analysis of Ethereum’s recent financial data on Ultrasound Money reveals a continued shift in its economic model since the historic merge in Sept. 2022. The decline in Ethereum’s supply stands at 309,663 ETH, equivalent to approximately $686.2 million. This reduction reflects a deflationary trend, contrasting the previous inflationary nature where new ETH was consistently created. […]