Author: dfmines

When can we unstake it? End of October? End of November? That's when 2.0 gets release, right? submitted by /u/Shot_Strategy_5295 [link] [comments]

Everyone seems to think ETH 2.0 will fix everything and it will all be perfect after this. I do believe 2.0 will help a ton and will probably push ETH even closer to Bitcoin's marketcap as well as propel the crypto forward technologically speaking. But… I just think they everyone is expecting way too much…
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Cardano featured in the latest release of the Grayscale Building Blocks, a monthly publication from one of the leading crypto funds in the world. The report focused solely on the third-largest cryptocurrency by market cap. An exposé of sorts. The report went through various aspects of Cardano, including its creation, leadership, community, and so forth. Cardano is the third-largest holding of Grayscale in its GDLC Fund (Grayscale Digital Large Cap Fund). This is why the asset manager has taken a vested interest in the asset and is educating its investors on one of its largest crypto holdings. In the report, the pros and cons of the network are outlined. Along with the upgrades which are being carried out on the network to put it in a favorable position to compete with other large cryptocurrencies in the market. Competing With The Market As time went on, the way the Cardano network was structured had unveiled a flaw in its design. Once decentralized finance gained popularity, it became obvious that the blockchain would not be able to compete on the same level as Ethereum due to its lack of smart contracts capability. Developers had then begun to work on launching smart contracts capability on the network, which became a reality on September 12th, 2021. But it came years behind other leading smart contracts networks. Related Reading | Charles Hoskinson To Launch Three-Time Grammy Nominee Paul Oakenfold’s Album On Cardano With smart contracts capability present in the Cardano ecosystem, the question becomes if users will adopt it. There already exist blockchains with booming decentralized finance markets. So they would need a compelling reason to move over to Cardano. “The trade-off of Cardano’s approach has also resulted in its biggest weaknesses, which include: a historical lack of smart contract capabilities, an unproven track-record for how well dApps will function, a still maturing third-party developer ecosystem, lack of widespread mainnet dApps, ad lower transaction fee revenue.” ADA price maintains position above $2 | Source: ADAUSD on TradingView.com Since the network is yet to be tested, there is still skepticism in the community as to how well decentralized applications will work on the blockchain. Developers obviously have their work cut out for them. Cardano Competitive Advantages The Grayscale report also outlines the advantages of the blockchain over others. Its leadership remains one of the strongest components of the project. The Cardano community has always remained loyal to founder Charles Hoskinson, who has continued to share his vision for the project with the community at every turn. As such, inspires continued support for the asset no matter how the price may be doing. Decentralization is also an important feature of the Cardano blockchain. A fully open-source project, the Shelly upgrade had spread the core network consensus amongst thousands of participants. Its native token, ADA, is held by millions of people around the world and can easily be bought and sold on exchanges both big and small. Related Reading | FinTech Behind Cardano’s First Stablecoin Launches Bank Accounts And Visa Debit Cards Last but not least, the blockchain has strong funding sources. Its treasury balances currently sit at $1.6 billion, giving the network a competitive advantage when it comes to growing and upgrading its ecosystem as technology in the crypto space changes. Featured image from CryptoPotato, chart from TradingView.com

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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated to Congress this week that the SEC has no plans to ‘ban’ cryptocurrencies. In a direct reply to North Carolina Congressperson Ted Budd regarding any considerations of banning crypto to promote a central banking digital currency, or CBDC, Gensler stated “no, that would be up to Congress.” The statement came during a four-hour long hearing regarding crypto and DeFi. The SEC Stance Gensler’s remarks come just a week after Federal Reserve Chair Jerome Powell echoed similar sentiments. Powell told the House Financial Services Committee that the Fed had “no plans to ban” crypto. However, Gensler did reiterate that crypto exchanges should register with the SEC, and that most crypto tokens will be viewed as securities. He also added that DeFi platforms are going to be subject to public policy. Of course, any regulatory move to outright ‘ban’ cryptocurrency in the U.S. is surely more effort than the outcome would be worth. There are increasing amounts of legislators across the U.S. that are coming on-board with crypto, and exchange accessibility and utilization for U.S. consumers is increasing rapidly. Lawmakers and regulators are ideally coming to terms with a set of facts that ring true for categories like sports gambling and marijuana: outright bans are a waste of time and resources, and everyone is generally better off working towards a healthy yet regulated marketplace. The market cap of crypto tokens not named Bitcoin is in excess of $2T, leading both state and federal regulators to pull out the microscope. | Source: CRYPTOCAP: TOTAL 2 on TradingView.com Related Reading | Whales Moving Coins Hints At Bitcoin Maturity As Macro Asset A Push And Pull The sentiment comes just days after the SEC extended the decision deadline around a number of Bitcoin ETFs. The commission has faced increased pressure to have some sort of regulatory stance, hands off or otherwise, around crypto. Gensler, meanwhile, has been relatively reserved in statements to the public about the future of crypto in the states. Our team at NewsBTC took a deep dive into a recent Gensler interview with the Washington Post that left many crypto spectators with more questions than answers. The SEC was also engaging in a back-and-forth battle with Coinbase, leaving the crypto exchange with little traction to work with around their anticipated Coinbase Lend product. After SEC threats, Coinbase dropped the interest-yielding project, with Coinbase CEO Brian Armstrong expressing frustration along the way. The recent sentiments from Gensler and Powell do not eradicate any sort of potential hurdles for crypto, however. Coinbase also expressed concern about Congress’ infrastructure legislation in recent weeks. The full impacts, including potential tax implications, around that legislation and crypto are yet to be established. Related Reading | Bitcoin Price Taps $50K, But Here’s Why Bulls Aren’t Out Of The Woods Featured image from Pexels, Charts from TradingView.com

So, I gave away my seed phrase into a link from a fake tech support for Axie Infinity. I understand my assets are gone. Is there anything I can do to try to catch the perp? Is there a place to put their address on a black list or anything? submitted by /u/Canwerevolt…
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On Tuesday, a new Draper Goren Holm incubated company called NFT.FAMILY has announced the launch of a new generative non-fungible token (NFT) collection called “Boring Stone.” The new company stems from community members from Fameladysquad, Bored Ape Yacht Club, and Blockchain & Booze. ‘Utilizing Technologies to Build and Empower Our Own Community’ Non-fungible token (NFT) […]

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