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Emurgo founder and CEO Ken Kodama told Cointelegraph that they’ve identified 21 areas that Cardano is missing, but are present in other blockchains. Decentralized identities and layer-2 solutions are some of the “gaps” in Cardano that the Emurgo team is working to fill, according to its founder and CEO.  Cointelegraph Magazine editor Andrew Fenton spoke with Ken Kodama, the founder and CEO of Emurgo — which is one of the three entities governing Cardano. Kodama talked about shifting their current approach into a venture studio model to fill 21 categories that they believe are “ missing from Cardano” when compared to other leading blockchains. According to Kodama, there are two key approaches to fill the gaps. These are either building the solutions themselves or invest ing. He explained: “For those 21 categories, either we build them ourselves or we invest. We do hackathons or we give grants to incentivize Cardano builders to build and to fill the gaps. So, that's what we need ...

Shiba Inu’s marketing strategist Lucie recently reflected on Shibarium’s upcoming developments. The developments included Shibaswap 2.0, Shibahub, $TREAT, Metaverse, and Bone contract renouncing. The Shiba executive warned that the objective of these developments was not to launch the meme coin to the moon. Shiba Inu’s marketing strategist Lucie recently took to X (formerly Twitter) to reflect on multiple upcoming developments including the $TREAT token. The Shibarium executive told her followers that upgrades were steps in the project’s development journey and were not motivated by price pumping or attempts to support the price of Shiba Inu. According to Lucie, Bone Contract Renouncing, Shibaswap 2.0, TREAT, Shibahub, and Metaverse will be significant for Shiba Inu’s progress. However, the executive added that the developments wouldn’t happen overnight and require support from the Shiba community. “It takes time, and if we don’t come together and spread...

Hacking Incident: Hot Wallets Under Attack Colin Wu , a crypto news reporter, has raised concerns that CoinEX’s hot wallets for ETH, TRON, and Polygon might have been hacked, potentially impacting over $27.8 million worth of assets. In response, the platform is reportedly transferring the affected assets to a cold wallet address.  advertisement The cold wallet in question (0xf54…7E5d) currently holds $89 million, primarily consisting of ETH ($51.7 million). USD ($18.23 million). While no official statement has been issued yet, industry experts are advocating for security measures to prevent incidents in the future. Maintaining a Balance between Security and Expansion Despite facing challenges from a hacking incident, CoinEx remains committed to its plans for growth. Since its inception in 2017, the exchange has reportedly experienced growth and caters to both traders and beginners alike. Recently, as reported by coingape, CoinEx was sued by ...

The cryptocurrency market remains flat after last week’s gains. Its total cap has inched upwards by 1% in the past 24 hours, although it had fallen by a bigger margin (along with stock markets) in the past few days. Investor fears regarding what the Federal Reserve might do with interest rates seems to be dragging things down at the moment. However, macroeconomic concerns often provide good discounts, and this week’s dip is no exception. In particular, a number of new crypto gaming coins have emerged in recent weeks or months, each with their own USPs. Yet because the market has remained subdued, many haven’t yet made good on their fundamentals. Accordingly, this article compiles the 5 best crypto gaming coins for high returns. These are gaming-related coins which should take off once the market regains momentum. 5 Best Gaming Crypto Coins for High Returns 1. Battle Infinity (IBAT) Battle Infinity (IBAT) is a new play-to-earn crypto gaming platform that’...

Initially filed in 2019 by LeboBTC co-founder Jason Leibowitz, the lawsuit alleges financial misconduct against Bitfinex and Tether. Consequently, the plaintiff class is seeking over $1.4 trillion in damages. The accusations range from bank fraud to money laundering. Tether, however, has firmly denied any wrongdoing. advertisement Tensions Rise Over the Scope of Ardoino’s Testimony Besides financial misconduct , the lawsuit is probing into the sufficiency of Tether’s reserves. Previously, both parties clashed over what topics Ardoino’s deposition could cover. These include alleged gaps in trading records, the companies’ loan-making policies, and the wallets that held Tether’s reserves. Hence, the judge’s latest order specifies that Arduino must speak on undisputed topics only. Significantly, Tether dominates the stablecoin market with a 64% share. Its current market capitalization sits at a whopping $83.6 billion. However, re...

Former PayPal President and current Lightspark CEO David Marcus has said that he is trying to “turn Bitcoin into a global payment network.” Indeed, speaking to CNBC, the executive discussed the potential for the digital asset to be a “universal protocol for money on the internet,” in an interview with Squawk Box. Bitcoin has emerged in the traditional finance sector in recent months with a host of Spot Bitcoin ETF applications. Specifically, the filing of those applications from traditional financial asset management firms like BlackRock and Fidelity. Alternatively, Marcus discusses his hope for the asset’s potential through the Lightning network. JUST IN: Former Paypal President says "we're trying to turn #Bitcoin into a global payment network." pic.twitter.com/1rABVrzVBK — Watcher.Guru (@WatcherGuru) September 11, 2023 Also Read: US Senator Ted Cruz Says He is Bullish on Bitcoin Former PayPal President Wants Bitcoin as a Global ...

The co-founder of Ethereum, Vitalik Buterin, has said that cryptocurrency payments could help facilitate international business while supporting local payments. Buterin said crypto payments were superior to fiat, but this aspect was “underrated.” Buterin says crypto payments are underrated Buterin said that crypto payments made it convenient for people to make international payments and payments to different charities. In a Twitter thread, Buterin explained that the resistance of cryptocurrencies to censorship and their convenience made them better options in settling international business, local business, and charity. The fiat system has several shortcomings, one of which is that it could take a long time for the payments to be processed. The fees paid on fiat transactions are also notably high. These are some reasons why Buterin believes crypto is superior to fiat, even in settling fiat donations. Buy Ethereum Now Your capital is at risk. One such example...

Join Our Telegram channel to stay up to date on breaking news coverage The struggle for decentralization has been a long-standing war in the world of smart contracts and governance layers for the crypto ecosystem. But added to this mix is another issue, the ban on mining by a data giant . Hetzner is Ethereum’s second largest hosting provider. It has come forward t say that no crypto miners would be able to use their server farms either to support the blockchain network or anything else. “Using our products for an application related to mining, even remotely related, is not permitted,” – Hetzner has said. No Proof of Work or Proof of Stake Many would mistake this news as pointing to the ban on Proof-of-Work consensus due to energy concerns, but Proof-of-Stake, too, has come under this prohibition. “Even if you run just one node, we consider it a violation of our (terms of service).” Is Blockchain Truly Decentralized? Hetzner’s stat...

Brian Armstrong emphasizes the necessity of embracing stronger, crypto-friendly regulations. Coinbase CEO sheds light on the platform’s intention to expand its services globally. The interview also focuses on Armstrong’s optimistic approach to the Spot Bitcoin ETFs. In a recent interview, Coinbase CEO Brian Armstrong addressed the platform’s resoluteness in global expansion amidst the crucial lack of crypto regulation. Armstrong lambasted the US Securities and Exchange Commission (SEC), alleging that the agency’s regulatory ambiguities overlook Americans’ growing interest in digital currencies. The video spotlighted Coinbase’s primary goal of expanding the crypto market as a whole, with the intention of integrating crypto into every financial firm. Reflecting on Coinbase’s recent launch in Canada, the CEO asserted that the company has already directed its way towards establishing its services in the international markets of G-20 countries. Further, Armstr...

On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans to cooperate with the SEC’s ongoing investigation. Kardashian Charged by SEC, Celebrity Agrees to Pay $1.26M in Penalties and Will Not Tout Any Crypto Assets for 3 Years In mid-June 2021, Bitcoin.com News reported on the reality television series star Kim Kardashian and how she was shilling a token called ethereummax (EMAX). At the time, she shared an Instagram post that was marked as an “#AD,” and Kardashian said she was “sharing what my friends just told me about the Ethereum Max token.” Kardashian wasn’t the only celebrity that shilled EMAX, as the token was also promoted by the professional boxer Floyd Mayweather and former Boston Celtics forwar...

Despite the on-going turbulent phase, companies from the crypto space continue to expand and grow. As per a recent development, crypto exchange Coinbase has “strengthened” its European senior ranks “to help lead its expansion plans” in the region. Chalking out the series of changes, a Bloomberg report revealed, “ Cormac Dinan, who was a general manager at Crypto.com, has joined Coinbase as country director for Ireland. ” The report also outlined, Michael Schroeder, former chief compliance and risk officer at Bittrex, will join the crypto exchange as director of controls for Germany.  As far as promotions are concerned, Coinbase promoted Elke Karskens as new Country Director in the UK and Patrick Elyas as Director of Market Expansion in Europe, the Middle East and Africa. Earlier, the company hired Daniel Seifert, a Senior Executive from German financial technology company Solarisbank AG last month, to lead its European expansion. At ...

1. Ethereum’s Weekly Summary a. Vitalik: Centralization of Nodes Is Among Ethereum’s Foremost Challenges link On September 5th, according to Cointelegraph, Ethereum co-founder Vitalik Buterin stated during a blockchain event in South Korea that node centralization is one of the major challenges facing the Ethereum network. Currently, most Ethereum nodes are run through centralized services such as Amazon Web Services, which poses a risk of centralization. Vitalik emphasized that reducing and simplifying the cost of running nodes is key to addressing this issue, with statelessness playing a crucial role. He estimated that completely solving this technical problem might take up to 20 years. b. Christine Kim’s Summary of the 117th Ethereum Consensus Layer Core Developer Meeting (ACDC) link On September 8th, according to Christine Kim’s summary of the 117th Ethereum Consensus Layer Core Developers Meeting (ACDC), the meeting primarily revolved around the following topics: Devnet Testing Pr...