From the Nano sub: Nodes on the network are being directly attacked with a heavy load of unchecked blocks that are slowing them down as it ties up disk write operations, causing node processes to spend time waiting for these writes to finish. Enough nodes are being targeted to cause settlement delays network-wide. Every targetted…
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Hello fellow crypto guys, gals and everybody else in between! I am pleased to announce the introduction of my newest stablecoin project which is called Shady Coin. This algorithmic stablecoin was coded by me in a few hours in my parent's basement. You can trust my coding skills, as I used to play Minecraft back…
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submitted by /u/NOTPR0 [link] [comments]
Keeping in mind the launch of eth2.0 coming soon, I'm planning to add eth in my portfolio, With the current dip going on, Should I purchase eth outright or DCA?? I'm not planning to use these funds for a couple years or two. Thanks! submitted by /u/Babydriver56 [link] [comments]
Layer 2 Season/ Summer I keep seeing lots of mentions of L2 season / Layer 2 summer. Have been seeing these for quite some time. What is going to be the event(s) that kick this off? What are the mass adoption events going to be? I have asked the question multiple times here and there…
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I have some eth, but I can't find a website to sell it on. I used to use coinbase, but it looks like they don't accept norwegian cards anymore. I moved out of Norway a while back, and don't have access to any documents from the last 3 months proving my address there. I also…
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Ripple (XRP) rallied to $0.439217 Friday from $0.377384 on Thursday in the face of an ongoing Securities and Exchange Commission lawsuit following the comments of William Hinman, former SEC Corporate Finance director. Suggested Reading | Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano? Ether are not securities, Hinman said. (Bitrates.com) William Hinman: Ether Not a Security A judge has granted the request of SEC to file a reply concerning the case against Ripple Lab. The case was ignited by the speech of Hinman, stating that Ethereum is not a security. Emails recovered as evidence strengthened claims that Hinman had some conflict of interest connected to those comments. In 2018, Hinman’s speech included this statement: “Based on my understanding of the present state of ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.” Hinman’s speech stated that Ethereum is not a security which insofar is tagged as an opinion based on his own understanding of Ether and the Ethereum Network. More so, the decentralized nature, and Ether transactions and sales are not secure, according to his personal knowledge and understanding. On the other hand, Hinman attested that there are four criteria barring the rationale rendered by SEC, stating that said communications made in 2018 won’t fall under the attorney-client privilege. XRP total market cap at $20.60 billion on the weekend chart | Source: TradingView.com In addition, communications made by Hinman isn’t confidential information. Further, if in case SEC discovers any other information that can be protected, the only person who can claim that is Hinman. Ripple Violated Securities Act of 1933? Ripple’s defense on this case is that XRP’s purpose can’t classify the coin as a security. SEC has no power or authority over Ripple considering that XRP’s function is as a medium of exchange. Further, Ripple states that the currency is utilized as an intermediary intended for remittance and not a security. Suggested Reading | NFT Prices Take A Beating After Crypto Market Chaos Ripple also defended that SEC did not clarify the classification of digital assets which failed to provide Ripple Labs timely guidance or warning as to how the current laws apply to XRP. However, SEC contested that Ripple has in fact obtained advice from them in 2012 identifying its product as an investment which requires SEC regulation. Hinman’s speech, however, further strengthens Ripple’s defense as it implied that if Ether or XRP was bought to participate in a decentralized platform and not for earning from trading activity, then it’s definitely not a security. Featured image from CryptoGlobe, chart from TradingView.com
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities. Cryptocurrency Miners in Dagestan Accused of ‘Illegal Entrepreneurship’ Officers from the Ministry of Internal […]
The current supply of our very own subreddit's community ERC-20 token MOON is at 92 million. If you manage to open your reddit vault and manage to earn 4.38 MOONs, you have the percentage ownership of having 1 full Bitcoin in the Bitcoin ecosystem. 92,000,000/21,000,000 = 4.38 While monetary value of reddit community points aren't…
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Yeah, we all know the many constraints which currently besieges our dear Ethereum network. Major constraints such as extremely high gas fees for even simple transactions, a transaction per second (TPS) figure of about 15, which makes the network pretty slow when it comes to processing transactions and a couple other limitations such as the…
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