How Decentralized Is Solana? – Crypto Briefing

Key Takeaways Compared to other Layer 1 chains, Solana is often viewed as more centralized due to its reliance on the Solana Foundation. However, when measuring Solana using the Nakamoto Coefficient, it scores higher in decentralization than Bitcoin and Ethereum. Despite this, other factors such as Solana’s token distribution show that the network is currently not as decentralized as it could be. Share this article Solana has gained many new users this summer thanks to its fast transactions and low fees. However, critics have pointed out that the network may…

How the Crypto Industry Thinks It Should Be Regulated

This episode is sponsored by NYDIG. Download this episode On this edition of “The Breakdown Weekly Recap,” NLW looks at two new policy frameworks released by companies in the crypto and Web 3 space. The first comes from Coinbase and argues there should be a new regulator for digital assets. The second comes from venture capital firm Andreessen Horowitz (a16z) and is a holistic approach to what it calls the third generation of the internet. See also: Crypto Finally Makes the Cut in OCC’s 2022 Bank Supervision Operating Plan “The…

MakerDAO Team Recovers 63 ETH for Rightful Owner

Key Takeaways Last month an unlucky Oasis user unwittingly sent approximately 63 ETH to the wrong address. The user assumed the funds were lost forever, but fortunately their plight caught the attention of the MakerDAO team. In a remarkable turn of events, the engineering team was able to recover the funds for the owner. Share this article After more than three weeks of thinking they had lost 63 ETH forever, an Oasis user was notified that their funds had been returned. The MakerDAO Protocol engineering team was able to return…

First U.S. Bitcoin Futures ETF Set to Go Live on Monday

Key Takeaways ProShares has submitted a filing to the SEC suggesting that its Bitcoin futures ETF will go live on Monday, Oct. 18. Bloomberg anticipated in an article today that ProShares would be among the first of several futures ETFs to be approved. These funds track the price of Bitcoin futures, not Bitcoin itself, meaning they are not true Bitcoin ETFs. Share this article The first-ever Bitcoin futures ETF in the United States is set to go live next week, according to a new SEC filing. ProShares’ ETF Has Likely…

Steam Has Banned Games With Crypto & NFT Features

Key Takeaways Game distribution platform Steam has banned developers from making use of cryptocurrency, NFTs, and blockchain. The new policy has been in place for at least a week but did not become widely noticed until today. Other competing companies such as Epic Games and Ubisoft are more interested in blockchain and crypto. Share this article Game delivery platform Steam has banned games that make use of blockchain technology, according to an updated site policy. Steam Disallows Blockchain Technology Steam’s rules and guidelines indicate types of content that should not…

New Bitcoin ETF Launched for European Investors

Share this article While the U.S. awaits its first-ever Bitcoin ETF, a new one just launched in Europe. Jacobi Asset Management Wins Bitcoin ETF Approval The European market will see a new Bitcoin exchange-traded fund (ETF) introduced by a firm called Jacobi Asset Management. According to a press release, the physically-backed ETF was authorized by the financial regulator in Guernsey–an island territory under the United Kingdom (UK). The firm plans to list the Jacobi Bitcoin ETF on Cboe Europe, one of the biggest pan-European Equities exchanges. Bu this will be…

Panther Protocol and Kudelski Security join forces to accelerate privacy tech in the UK

Share this article The privacy-oriented blockchain project Panther Protocol has announced a new partnership with Kudelski Security, and a provider of cybersecurity since 1951, to develop a privacy layer for Web3 and DeFi. The partnership aims to strike the balance between decentralization and privacy control. Panther Protocol, Kudelski Security Join Forces to Develop Privacy Solutions for DeFi Panther Protocol, the end-to-end privacy solution building the privacy layer for Web3 and Decentralized Finance, and Kudelski Security, the leading provider of comprehensive cybersecurity solutions to large enterprise and public-sector clients around the…

Jacobi Asset Management Wins Bitcoin ETF Approval in Guernsey

Bitcoin exchange-traded funds are popping up across the Atlantic. Newcomer digital assets manager Jacobi said Friday that it won approval from regulators on the island of Guernsey to launch a physically-backed bitcoin ETF. The news comes as U.S. investors await the fate of a spate of bitcoin futures-linked ETFs from the SEC. With Bloomberg reporting their approval is imminent, the crypto markets are rallying, bitcoin leading the way. Jacobi plans to list the ETF on Cboe Europe pending further regulatory approval. It said in a press release that the U.K.’s…

NFTs Are an Internet Game-Changer

When they look at non-fungible tokens, non-crypto “normies” in the mainstream tend to focus on the mind-blowing prices that have been paid for digital art and the fanaticism around avatar communities such as the $542 million in sales of Bored Ape Yacht Club NFTs. They wonder what all the fuss is about. If they were to pick up on the many other applications that are now being explored – from renting out your digital gaming assets to selling your DNA – they might recognize that something more profound is afoot. Even…