Browsing:Ethereum

Brazil congress legalized crypto payments
3 days ago 1 min read

Brazil legalizes Bitcoin and Ethereum payments

Brazil’s lower house of Congress has finally passed the long-awaited crypto bill, which legalizes cryptocurrency payments and allows banks to begin offering services in the sector. The Bill, which primarily seeks to regulate the country’s cryptocurrency sector, will now be presented to President Jair Bolsonaro for approval before his term expires on December 31. If passed, the law will require all cryptocurrency exchanges and other cryptocurrency custodians to obtain licenses. Notably, the regulation defines digital assets and their service providers and includes provisions to combat fraud and money laundering. Active cryptocurrency service providers will also be required to open a

Consensys collects MetaMask users IP and wallet addresses
1 week ago 1 min read

Blockchain firm ConsenSys announces it collects of IP addresses of MetaMask users through Infura

ConsenSys, a software company focused on Ethereum, announced it collects the IP addresses and wallet addresses of MetaMask users through the Infura blockchain infrastructure service. Both Infura and MetaMask are owned by ConsenSys. When users use their MetaMask wallets to make a blockchain transaction, Infura processes the transaction on the Ethereum blockchain. Through what is referred to as a “remote call procedure service,” MetaMask connects to Infura. Moving forward, ConsenSys said, “When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction.” ConsenSys further

US Senators to advance bill to enhance oversight crypto
3 weeks ago 1 min read

US Senators are advancing a bill to enhance oversight of cryptocurrencies

The bipartisan authors of a Senate bill that would enhance oversight of cryptocurrencies like bitcoin that are regarded as digital commodities in the US intend to move forward with the legislation. The strongest industry supporter of the legislation, dubbed the Digital Commodities Consumer Protection Act, was embattled FTX CEO Sam Bankman-Fried. The proposed legislation would increase the authority of the Commodity Futures Trading Commission, one of the two U.S. market regulators, over cryptocurrency exchanges and markets. “The recent collapse of a major cryptocurrency exchange reinforces the urgent need for greater federal oversight of this industry,” Senate Agriculture Committee Chair Debbie

vitalik-Buterin-ethereum updated roadmap
4 weeks ago 1 min read

Vitalik Buterin reveals an updated Ethereum roadmap

Vitalik Buterin, the co-founder of Ethereum, has amended the project plan to incorporate a new phase named “The Scourge.” The previous 5-phase Ethereum plan, which details how the network will attain scalability, was improved by the update posted on Twitter. Buterin said that the new roadmap includes a “more explicit role for quantum-proofness as a necessary component of the “endgame” protocol” and “more concrete milestones for each category.” The Merge, Surge, Scourge, Verge, Purge, and Splurge are the six phases of the upgrade. The move to the proof-of-stake (PoS) consensus mechanism kicked off the Merge in September. However, the second

Union Bank of the Philippines accepts BTC and ETH
1 month ago 1 min read

Union Bank of the Philippines launches a pilot program for BTC and ETH custody and trading services

The Union Bank of the Philippines (UnionBank) has launched a pilot program for Bitcoin (BTC) and Ether (ETH) custody and trading services for select retail customers, according to a joint announcement on November 2. UnionBank has launched a new investment and trading feature in collaboration with Swiss crypto technology firm Metaco, with the feature going live on Metaco’s digital asset platform Harmonize. Furthermore, UnionBank first collaborated with Metaco in January 2022 to develop cryptocurrency trading services. UnionBank, which is licensed and supervised by the Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP), has been actively exploring the cryptocurrency industry in

Vitalik Buterin, the founder of Ethereum, joined the ongoing discussion on cryptocurrency regulation over the weekend.
1 month ago 1 min read

Vitalik Buterin says crypto “needs time to mature” before full adoption

Vitalik Buterin, the founder of Ethereum, joined the ongoing discussion on cryptocurrency regulation over the weekend. Sam Bankman-Fried, the CEO of FTX, has come under fire for his opinions regarding DeFi regulation. After stating that it “feels unfair to let other people get attacked by CT but never actually poke my own head out,” Buterin made the decision to express his ideas. According to Vitalik, the cryptocurrency sector needs more time to develop before receiving more attention, so it shouldn’t be pursuing “large institutional capital at full speed.” The creator of Ethereum argued that the market needs to be “free

Vitalik Buterin talks about DeFi regulations
1 month ago 1 min read

Ethereum founder Vitalik Buterin talks about KYC in DeFi space

Vitalik Buterin talked about the influence of legislation on cryptocurrency. The creator of Ethereum expressed support for any legislation that makes it simpler for the sector to gain widespread adoption. But he labeled as terrible anyone who interferes with how blockchain technology operates. This comment builds on Buterin’s past views, in which he underlined the value of adoption and the reason it is crucial to remove any obstacles that would prevent the cryptocurrency market from thriving. Sam Bankman-Fried, the founder of FTX, had suggested KYC for DeFi frontends, which Buterin also commented on. According to the creator of Ethereum, such

zkSync Ethereum-Layer-3
1 month ago 1 min read

ZkSync is developing an Ethereum Layer 3 blockchain

The Layer 3 chain is being developed by Matter Labs, the company that created the zkSync scaling solution for Ethereum. Layer 3 will significantly increase the scalability of zkSync’s blockchain infrastructure, which is currently in the early stages of development. In addition, Matter Labs revealed it was developing Layer 3 under the working title Pathfinder in October. The initiative is now known as Opportunity. On the Layer 2 main network of zkSync, Opportunity will be an additional off-chain compute layer. Layer 3 is designed to increase Ethereum scalability while reducing gas costs by building upon zkSync. According to Matter Labs,

Ethereum
1 month ago 2 mins read

Over 62% of all transaction blocks on the Ethereum blockchain are compliant with OFAC sanctions

According to MEV Watch, 63% of all transaction blocks on the Ethereum blockchain are compliant with OFAC sanctions due to regulatory guidance. The most important driver is the widespread use of maximal extracted value relays, which reorder blocks of transactions to maximize rewards. Nonetheless, the metric is almost certain to fuel further debate about the use of MEV relays and the threat of transaction censorship on the publicly accessible Ethereum network. Flashbots, which said it would ignore transactions from the transaction mixing service Tornado Cash, which was sanctioned earlier this year by the US government, is the most widely used

Crypto Scammer
1 month ago 1 min read

Scammer who uses phishing Monkey Drainer has stolen up to $1 million in Ethereum

This week, an alleged phishing scammer using the alias “Monkey Drainer” allegedly stole around $1 million in Ethereum (ETH) via dubious copycat NFT minting websites. ZachXBT, a well-known blockchain sleuth, was among the first to track and highlight the activity. Longer term, the blockchain scam investigator claims, Monkey Drainer has allegedly stolen more than $3.5 million from their schemes, with “that number rapidly increasing by the day.” Phishing scams frequently involve criminals sharing links to websites impersonating real projects or companies in order to dupe victims into handing over private information by promising a lucrative purchase or free promotion. Four

Ethereum (ETH) saw over $25 billion flood into its market capitalization in less than 24 hours, rising from $164.42 billion on October 25 to $185.06 billion on October 26.
1 month ago 1 min read

Ethereum adds over $25 billion in 24 hours, as the price of ETH surpasses $1,500

For the first time in weeks, the cryptocurrency market saw positive growth, with a market cap value increase of more than $60 billion in the last 24 hours. According to statistics from CoinMarketCap, Ethereum (ETH) saw over $25 billion flood into its market capitalization in less than 24 hours, rising from $164.42 billion on October 25 to $185.06 billion on October 26. Furthermore, the decentralized finance (DeFi) coin rose from $1,347 to $1,517, breaking above the critical $1,500 price threshold, up 14.58% on the day and 16.65% over the previous week. Ethereum is also the most trending cryptocurrency on the

Supremacy, a Web3 security business, highlighted Etherscan transaction history, which revealed that the hacker(s) were able to pilfer 204 ETH in gas fees so far, totaling $259,800
1 month ago 1 min read

Ethereum Alarm Clock attack has resulted in $260K in stolen gas fees

Supremacy, a Web3 security business, highlighted Etherscan transaction history, which revealed that the hacker(s) were able to pilfer 204 ETH in gas fees so far, totaling $259,800. A flaw in the smart contract code for the Ethereum Alarm Clock service has reportedly been exploited, with approximately $260,000 allegedly stolen from the protocol thus far. The Ethereum Alarm Clock allows users to schedule future transactions by predetermining the recipient address, sending amount, and transaction time. For instance, to complete the transaction, users must have the needed Ether (ETH) on hand as well as pay the gas expenses ahead. According to a