0xbt: All site news

Ether staking withdrawal schedule removal faces harsh criticism

0x — Thu, 17 Nov 2022 07:53:00 +0000

Twitter users called out the removal of the ETH staking timeframe and with one describing staked ETH as a “non-redeemable” investment.

Days after Ethereum turns deflationary for the first time since shifting to proof-of-stake (PoS), critics have started to highlight the Ethereum Foundation’s removal of Ether (ETH) staking’s withdrawal schedule on social media.

A crypto community member pointed out how Ethereum developers, leaders and influencers mentioned that ETH staking withdrawals might be opened six months after the Merge. After this, the estimated time for the unlock was moved to 6-12 months. Furthermore, the Twitter user highlighted that the schedule was revised into an estimated 2023 to 2024 before finally being removed entirely.

Another Twitter user fanned the flames, describing staked ETH as a non-redeemable crypto investment. The user highlighted that users invested based on a timeline and were given no due date. Others mirrored the sentiment by sharing retweets of the initial post that criticized the withdrawal timeframe.

On the other hand, Ethereum supporters gave their own responses to the criticisms. Anthony Sassano, the co-founder of Ethereum resource site ETHhub, came to the network’s defense by brushing off the criticisms as attempts of Bitcoin (BTC) maximalists to find other things to attack in Ethereum after being proven wrong by the Merge. Ethereum developer Antiprosynth also highlighted in a tweet that these criticisms are coming at a time when Ether's market dominance grows and Bitcoin's dominance goes down.

Meanwhile, a recent FTX exploit made the attacker the 35th largest holder of ETH. One day after the distressed FTX exchange filed for bankruptcy, wallets in the exchange were compromised, losing over $600 million in crypto assets. A large portion of the hacked tokens was converted into 228,523 ETH, which is worth around $280 million at the time of writing.

In other news, Ethereum co-founder Vitalik Buterin called out FTX for doing what he described as "compliance virtue signaling," comparing the embattled exchange to Mt. Gox and Luna, which were sketchy from the start, according to Buterin. The Ethereum co-founder highlighted that this type of fraud hurts more than the other.

Original: https://cointelegraph.com/news/ether-staking-withdrawal-schedule-removal-faces-harsh-criticism
By: Ezra Reguerra
Posted: November 17, 2022, 7:53 am

Ether Staking Yields Jump Up to 25%; All-Time High Since Merge

0x — Thu, 17 Nov 2022 07:18:00 +0000

Staking ether on Lido pays out 10% annualized, while a more elaborate strategy bumps yield to as much as 25%.

Original: https://www.coindesk.com/markets/2022/11/17/ether-staking-yields-jump-up-to-25-all-time-high-since-merge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Shaurya Malwa
Posted: November 17, 2022, 7:18 am

First Mover Asia: Bitcoin Sinks Amid Crypto's Latest Debacle

0x — Thu, 17 Nov 2022 06:33:00 +0000

The widening fallout from FTX, now includes Genesis Global Capital's decision to pause withdrawals. Could TradFi be swept up next in the crisis?

Original: https://www.coindesk.com/markets/2022/11/17/first-mover-asia-bitcoin-sinks-amid-cryptos-latest-debacle/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: James Rubin
Posted: November 17, 2022, 6:33 am

Republicans Secure US House Majority, Will Shift Path for Crypto Bills

0x — Thu, 17 Nov 2022 00:13:00 +0000

The U.S. Congress will officially be split between the two major parties after results from the Nov. 8 election put a 218th seat in the Republican column, giving that party a majority in the House of Representatives as the crypto industry awaits legislation that could define its future.

Original: https://www.coindesk.com/policy/2022/11/17/republicans-secure-us-house-majority-will-shift-path-for-crypto-bills/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Jesse Hamilton
Posted: November 17, 2022, 12:13 am

What Will It Look Like When Taxation and Privacy Collide?

0x — Wed, 16 Nov 2022 20:05:00 +0000

Original: https://www.coindesk.com/layer2/2022/11/16/web3-privacy-networks-tax-reporting/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Matthew Niemerg
Posted: November 16, 2022, 8:05 pm

Taxes and Music NFTs: A Match Made in Hell?

0x — Wed, 16 Nov 2022 20:04:00 +0000

Original: https://www.coindesk.com/layer2/2022/11/16/music-nft-taxation-guide/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Sidney Swift
Posted: November 16, 2022, 8:04 pm

U.S. Banks Launch a Digital Dollar Blockchain Pilot

0x — Wed, 16 Nov 2022 04:42:00 +0000

Mainstream financial institutions are working with the Federal Reserve to test a digital currency platform.

Original: https://decrypt.co/114761/us-banks-launch-digital-dollar-blockchain-platform-pilot
By: Jason Nelson
Posted: November 16, 2022, 4:42 am

Sony Files Patent for Tracking In-Game Digital Assets With NFTs

0x — Wed, 16 Nov 2022 02:02:00 +0000

The patent would allow gamers to own unique in-game assets and collectibles from their favorite esports stars.

Original: https://decrypt.co/114754/sony-patent-gaming-digital-assets-nfts-blockchain
By: Jason Nelson
Posted: November 16, 2022, 2:02 am

Ripple Urges UK to Craft ‘Bespoke Regulatory Framework’ for Crypto

0x — Tue, 15 Nov 2022 16:35:00 +0000

In a newly-published whitepaper, Ripple recommended that the UK pull odds and ends of various crypto regulations from around the world.

Original: https://decrypt.co/114691/ripple-urges-uk-craft-bespoke-regulatory-framework-crypto
By: Will McCurdy
Posted: November 15, 2022, 4:35 pm

Crypto Cold Wallets in Ledger, Trezor Sales Moon After FTX Collapse

0x — Tue, 15 Nov 2022 16:11:00 +0000

Firms offering consumers the ability to self-custody their crypto, like Ledger and Trezor, have seen an uptick in sales after FTX went bust.

Original: https://decrypt.co/114687/crypto-cold-wallets-in-ledger-trezor-sales-moon-after-ftx-collapse
By: Tim Hakki
Posted: November 15, 2022, 4:11 pm

Justin Sun On the Future of Tron's USDD Stablecoin

0x — Tue, 15 Nov 2022 14:24:00 +0000

The Tron founder tells Decrypt about the network's decentralized stablecoin USDD, and how Tron aims to "bridge the Web3 world with the real world.

Original: https://decrypt.co/videos/interviews/LTznDQc9/justin-sun-on-the-future-of-trons-usdd-stablecoin
By:
Posted: November 15, 2022, 2:24 pm

Uniswap Overtakes Coinbase as Second-Largest Exchange Trading Ethereum Today

0x — Tue, 15 Nov 2022 13:05:00 +0000

Today, Uniswap became the second-largest exchange after Binance for Ethereum trading in the last 24 hours.

Original: https://decrypt.co/114665/uniswap-overtakes-coinbase-second-largest-exchange-trading-ethereum-today
By: Tim Hakki
Posted: November 15, 2022, 1:05 pm

Decrypt Learn: What Is A Blockchain API?

0x — Tue, 15 Nov 2022 09:22:00 +0000

As the unsung heroes of digital connectivity, APIs are the engine under the hood making all the interactivity we’ve come to expect online possible. In video five of the Infura Web3 Dev Series, you’ll learn what blockchain APIs are, how they work, and explore the different types of APIs to improve your dapp’s connectivity. Author: Clarissa Watson, Senior Tech Writer at ConsenSys.

Original: https://decrypt.co/videos/explainers/DlGZb8bJ/decrypt-learn-what-is-a-blockchain-api
By:
Posted: November 15, 2022, 9:22 am

After Bitcoin's Worst Week in Five Months, Here's What Crypto Analysts Are Saying - CoinDesk

0x — Mon, 14 Nov 2022 02:45:00 +0000

After Bitcoin's Worst Week in Five Months, Here's What Crypto Analysts Are Saying CoinDesk

Original: https://news.google.com/__i/rss/rd/articles/CBMie2h0dHBzOi8vd3d3LmNvaW5kZXNrLmNvbS9tYXJrZXRzLzIwMjIvMTEvMTQvYWZ0ZXItYml0Y29pbnMtd29yc3Qtd2Vlay1pbi1maXZlLW1vbnRocy1oZXJlcy13aGF0LWNyeXB0by1hbmFseXN0cy1hcmUtc2F5aW5nL9IBAA?oc=5

rssimport:source : CoinDesk

Posted: November 14, 2022, 2:45 am

Is The Bitcoin Price Being Suppressed By Central Planners? - Bitcoin Magazine

0x — Mon, 14 Nov 2022 02:00:00 +0000

Is The Bitcoin Price Being Suppressed By Central Planners? Bitcoin Magazine

Original: https://news.google.com/__i/rss/rd/articles/CBMiU2h0dHBzOi8vYml0Y29pbm1hZ2F6aW5lLmNvbS9tYXJrZXRzL2JpdGNvaW4tcHJpY2Utc3VwcHJlc3NlZC1ieS1nb3Zlcm5tZW50LWFnZW5jaWVz0gFYaHR0cHM6Ly9iaXRjb2lubWFnYXppbmUuY29tLy5hbXAvbWFya2V0cy9iaXRjb2luLXByaWNlLXN1cHByZXNzZWQtYnktZ292ZXJubWVudC1hZ2VuY2llcw?oc=5

rssimport:source : Bitcoin Magazine

Posted: November 14, 2022, 2:00 am