Bank of Korea: Ethereum is insufficient as CBDC network
The Bank of Korea published a report revealing that its simulations of a digital won had proven Ethereum isn’t scalable enough to anchor a central bank digital currency.
Latest Ethereum News
Block plots BTC mining, integrates Lightning, abets Blockstream
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.
Sharding as a blockchain scaling solution doesn’t work
Imagine if Chase Bank and Citibank required that their ledgers were in sync before committing a new transaction to their database. This is how Ethereum and any other account-based blockchain operate.
Despite walk back, PayPal’s latest attempted overreach of power again demonstrates why the world needs Bitcoin
PayPal, an online payments processor and financial services company, set off a media storm on Saturday when it published its acceptable use policy (AUP) update.
The scarcity paradox
Speculating does not create value rather, speculation presents a gamble on a future price. Some people make money with it, but to do well, you need a lot of money in the first place.
SEC finally catching on to Ethereum centralization, according to new enforcement action
The U.S. securities regulator appears to be warming up to the notion that Ethereum is a highly centralized network, according to a lawsuit filed against crypto promoter Ian Balina.
Coinbase hit with $350 million patent infringement suit
Coinbase's credibility is once again put into question as it faces a $350-million lawsuit from a global blockchain-based software for allegedly infringing the latter's intellectual property.
Australia’s financial regulator increases staff strength following Ethereum’s Merge
ASIC's executive director for markets expressed that the securities watchdog will not be "cheerleaders for crypto assets" and will be turning up the heat for the entire industry.
Proof-of-stake is proof of misunderstanding
If proof-of-work distributes objective consensus to miners outside of the network, proof-of-stake consolidates power to a subjective, in-network minority.
Ethereum’s Merge is another epic fail
The Merge was completed on September 15, and ETH reached a recent high of $1,638.56 that day. Since then, it has tanked to $1,340 at the time of writing.
Ethereum makes the final plunge to proof of stake
"The Merge" not only pumped the price of ETH tokens, as opposed to what was promised, but its switch to a PoS model created a slew of issues, including turning the network into a permissioned ledger.
US agencies answer Biden’s call for digital currency regulations
Neither the DCCPA nor its rival, the Responsible Financial Innovation Act, are expected to receive Senate floor votes before Congress adjourns for the mid-term election cycle.