This shift introduces assets such as equities, bonds, and real estate into the blockchain, aiming to eliminate barriers like information asymmetry and high transaction costs prevalent in traditional finance. Total Tokenized RWA Market Crosses $12 Billion The growth of the tokenized RWA market has skyrocketed in 2024. According to data …
centralization
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Coinbase’s launch of its wrapped Bitcoin product, cbBTC, has ignited a fierce debate within the industry, with Tron (TRON) founder Justin Sun lambasting the new offering, calling it a “dark day for BTC” and warning of significant risks to decentralized finance. Speaking with Decrypt, however, a Coinbase spokesperson stood firm …
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Ethereum co-founder Vitalik Buterin announced a change in how he will discuss Layer 2 (L2) projects starting next year. In a Sept. 12 X post, Buterin said he would only publicly recognize L2s that have reached Stage 1 or higher in their decentralization efforts regardless of his investment. He stated: …
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Sky, the DeFi protocol formerly known as MakerDAO, is under pressure from its community after co-founder Rune Christensen confirmed last month the protocol’s upcoming USDS stablecoin could feature a freeze function sometime in the future. Although the function will not be enabled at launch on Sept. 18, the idea of …
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Quick Take According to an X account, Sani, the founder of TimeChainIndex.com, the Coinbase group currently custodies a total of 2,275,123 BTC, representing approximately 10.83% of Bitcoin’s maximum supply of 21 million. The chart compiled by TimeChainIndex highlights the breakdown of these assets across various sectors. Centralized exchanges (CEXs) hold …
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Quick Take The Ethereum 2.0 deposit contract has reached a significant milestone, with its balance surpassing 50 million ETH in USD value, according to Glassnode. Ethereum Total Value Staked: (Source: Glassnode) Of this, over 24 million ETH—almost 48%—is controlled by the top 11 staking providers. I believe this highlights a …
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This Week in Crypto: Telegram CEO Release, TON Blockchain Outage, and Hamster Kombat TGE
by Lynn Wangby Lynn WangThese developments have drawn the attention of crypto investors and traders. Concerns Over Bitcoin’s Centralization Amid Mining Power Consolidation The crypto community is increasingly worried about Bitcoin’s centralization, fearing it might undermine the principles that made it revolutionary. Data from BTC.com reveals that two mining pools, Foundry USA and AntPool, …
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High centralization can lead to increased influence by a few entities, potentially undermining the decentralized ethos that crypto strives to uphold. However, centralization continues to be a major bone of contention in space. As such, popular project tokens – Polygon (MATIC) and Shiba Inu (SHIB) – have emerged as the …
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A solo Bitcoin miner has independently solved a BTC block to earn a reward of 3.275 BTC, roughly equivalent to $200,000. On Aug. 29, Con Kolivas, a software engineer and administrator of the solo mining pool ckpool, announced on X that the miner had successfully solved the 291st solo block …
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Privacy and data ownership have long been a topic of discussion in the Internet technology space. When we look at the Web 2.0 era, which focused on user collaboration with interactive platforms, we see challenges around data privacy, identity theft, and autonomy in personal data management. The widespread collection and …