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Surge In Crypto Cyber Threats: Binance’s $1M Refund, Ethereum’s $24M Loss, FBI’s Stake.com Alert – Benzinga

September 8, 2023 | Author: admin

September 7, 2023 6:08 PM | 1 min read

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The cryptocurrency worldis under escalating cybersecurity threats, as evident from three significant incidents involving Binance (CRYPTO: BNB), Ethereum (CRYPTO: ETH)and a revealing FBI alert concerning the Stake.com theft.

Leading this wave of cyber threats is a recent debacle at crypt exchange Binance,which found itself compensating users with 1 million Tether (CRYPTO: USDT)), worth$1 million.

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This reimbursement is tied to a liquidity crunch concerning the CyberConnect (CRYPTO: CYBER) token on the Upbit exchange, which in turn resulted in Binance users being prevented from redeeming their staked CYBER.

In another alarming incident, an Ethereum wallet holder was swindled out of $24 million in derivatives due to a sophisticated phishing attack.

The culprits lured the victim with malicious links, leading to the unauthorized siphoning of Rocket Pool ETH (CRYPTO: rETH) and Lido staked ETH (CRYPTO: stETH).

Also Read:Riot Platforms Analysts Expect Bitcoin Mining Stock To More Than Double

Amid these cybersecurity concerns, the FBI's identification of North Korea's Lazarus Group behind a $41 million heist from Stake.com underscoredthe growing audacity and sophistication of cybercriminals in the crypto realm.

These escalating threats to the digital currency ecosystem will be a central focus at the forthcoming Benzinga's Future of Digital Assets conference.

The event will foster a critical discussion on these breaches and their broader implications for the digital currency landscape, emphasizing the urgent need for bolstered cybersecurity measures in the sector.

Read Next:SEC To Approve Multiple Spot Bitcoin ETFs In October? JPMorgan Analysts Bets 'Yes'

Meet and engage with transformativeDigital Asset and Cryptobusiness leaders and investors at Benzinga's exclusive eventFuture of Digital Assets. Tickets are flying:Get yours!

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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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2023 Quantum Computing Technologies Market Size and Share | Market Sales Volume Status and Outlook till 2 – Benzinga

September 8, 2023 | Author: admin

"The Best Report Benzinga Has Ever Produced"

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The Global "Quantum Computing Technologies Market" Informational Report provides an in-depth examination of market dynamics to help businesses make strategic decisions. It facilitates trend anticipation by assessing major key players performance, profiles, growth prospects, and regional impacts. This research equips organizations with the knowledge they need to understand the landscape of the Quantum Computing Technologies market and obtain a competitive advantage through wise decisions. The research includes a thorough analysis of the key growth-promoting variables, the strategic stances taken by economic actors, and the chances for expansion based on market dynamics globally and at the regional level.

It offers a thorough grasp of the entire ecosystem, together with in-depth knowledge of important market categories and the impact they have on particular regions. The report also looks into recent technology developments and research and development expenditures made by well-known companies. It includes essential elements like such as size, application, market share, supply chain, revenue trends, offering a thorough investigation of these factors throughout the report.

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Market Analysis and Insights: Global Quantum Computing Technologies Market

The global Quantum Computing Technologies market size was valued at USD 470.0 million in 2021 and is expected to expand at a CAGR of 31.23 percentage during the forecast period, reaching USD 2400.0 million by 2027.Quantum technology is a new field of physics and engineering, which transitions some of the properties of quantum mechanics, especially quantum entanglement, quantum superposition and quantum tunnelling, into practical applications such as quantum computing, quantum sensors, quantum cryptography, quantum simulation, quantum metrology and quantum imaging. Colloidal quantum dots irradiated with a UV light. Different sized quantum dots emit different color light due to quantum confinement.

Major Players in Quantum Computing Technologies market are:

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Quantum Computing Technologies Market by Types:

Quantum Computing Technologies Market by Applications:

Quantum Computing Technologies Market Key Points:

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast :

Outline

Chapter 1 mainly defines the market scope and introduces the macro overview of the industry, with an executive summary of different market segments ((by type, application, region, etc.), including the definition, market size, and trend of each market segment.

Chapter 2 provides a qualitative analysis of the current status and future trends of the market. Industry Entry Barriers, market drivers, market challenges, emerging markets, consumer preference analysis, together with the impact of the COVID-19 outbreak will all be thoroughly explained.

Chapter 3 analyzes the current competitive situation of the market by providing data regarding the players, including their sales volume and revenue with corresponding market shares, price and gross margin. In addition, information about market concentration ratio, mergers, acquisitions, and expansion plans will also be covered.

Chapter 4 focuses on the regional market, presenting detailed data (i.e., sales volume, revenue, price, gross margin) of the most representative regions and countries in the world.

Chapter 5 provides the analysis of various market segments according to product types, covering sales volume, revenue along with market share and growth rate, plus the price analysis of each type.

Chapter 6 shows the breakdown data of different applications, including the consumption and revenue with market share and growth rate, with the aim of helping the readers to take a close-up look at the downstream market.

Chapter 7 provides a combination of quantitative and qualitative analyses of the market size and development trends in the next five years. The forecast information of the whole, as well as the breakdown market, offers the readers a chance to look into the future of the industry.

Chapter 8 is the analysis of the whole market industrial chain, covering key raw materials suppliers and price analysis, manufacturing cost structure analysis, alternative product analysis, also providing information on major distributors, downstream buyers, and the impact of COVID-19 pandemic.

Chapter 9 shares a list of the key players in the market, together with their basic information, product profiles, market performance (i.e., sales volume, price, revenue, gross margin), recent development, SWOT analysis, etc.

Chapter 10 is the conclusion of the report which helps the readers to sum up the main findings and points.

Chapter 11 introduces the market research methods and data sources.

Major Questions Addressed in the Report:

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Detailed TOC of Global Quantum Computing Technologies Industry Research Report

1 Quantum Computing Technologies Market Overview

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1.1 Product Overview and Scope of Quantum Computing Technologies Market

1.2 Quantum Computing Technologies Market Segment by Type

1.2.1 Global Market Sales Volume and CAGR (Percentage) Comparison by Type (2018-2028)

1.3 Global Quantum Computing Technologies Market Segment by Application

1.3.1 Market Consumption (Sales Volume) Comparison by Application (2018-2028)

1.4 Global Quantum Computing Technologies Market, Region Wise (2018-2028)

1.4.1 Global Market Size (Revenue) and CAGR (Percentage) Comparison by Region (2018-2028)

1.4.2 United States Quantum Computing Technologies Market Status and Prospect (2018-2028)

1.4.3 Europe Quantum Computing Technologies Market Status and Prospect (2018-2028)

1.4.4 China Quantum Computing Technologies Market Status and Prospect (2018-2028)

1.4.5 Japan Quantum Computing Technologies Market Status and Prospect (2018-2028)

1.4.6 India Quantum Computing Technologies Market Status and Prospect (2018-2028)

1.4.7 Southeast Asia Quantum Computing Technologies Market Status and Prospect (2018-2028)

1.4.8 Latin America Quantum Computing Technologies Market Status and Prospect (2018-2028)

1.4.9 Middle East and Africa Quantum Computing Technologies Market Status and Prospect (2018-2028)

1.5 Global Market Size of Quantum Computing Technologies (2018-2028)

1.5.1 Global Quantum Computing Technologies Market Revenue Status and Outlook (2018-2028)

1.5.2 Global Quantum Computing Technologies Market Sales Volume Status and Outlook (2018-2028)

1.6 Global Macroeconomic Analysis

1.7 The impact of the Russia-Ukraine war on the Quantum Computing Technologies Market

2 Industry Outlook

2.1 Quantum Computing Technologies Industry Technology Status and Trends

2.2 Industry Entry Barriers

2.2.1 Analysis of Financial Barriers

2.2.2 Analysis of Technical Barriers

2.2.3 Analysis of Talent Barriers

2.2.4 Analysis of Brand Barrier

2.3 Quantum Computing Technologies Market Drivers Analysis

2.4 Quantum Computing Technologies Market Challenges Analysis

2.5 Emerging Market Trends

2.6 Consumer Preference Analysis

2.7 Quantum Computing Technologies Industry Development Trends under COVID-19 Outbreak

2.7.1 Global COVID-19 Status Overview

2.7.2 Influence of COVID-19 Outbreak on Quantum Computing Technologies Industry Development

Get a Sample Copy of the Quantum Computing Technologies Market Report

3 Global Quantum Computing Technologies Market Landscape by Player

3.1 Global Sales Volume and Share by Player (2018-2023)

3.2 Global Revenue and Market Share by Player (2018-2023)

3.3 Global Average Price by Player (2018-2023)

3.4 Global Gross Margin by Player (2018-2023)

3.5 Quantum Computing Technologies Market Competitive Situation and Trends

3.5.1 Quantum Computing Technologies Market Concentration Rate

3.5.2 Quantum Computing Technologies Market Share of Top 3 and Top 6 Players

3.5.3 Mergers and Acquisitions, Expansion

4 Global Quantum Computing Technologies Sales Volume and Revenue Region Wise (2018-2023)

4.1 Global Sales Volume and Market Share, Region Wise (2018-2023)

4.2 Global Revenue and Market Share, Region Wise (2018-2023)

4.3 Global Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.4 United States Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.4.1 United States Market Under COVID-19

4.5 Europe Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.5.1 Europe Market Under COVID-19

4.6 China Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.6.1 China Market Under COVID-19

4.7 Japan Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.7.1 Japan Market Under COVID-19

4.8 India Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.8.1 India Market Under COVID-19

4.9 Southeast Asia Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.9.1 Southeast Asia Market Under COVID-19

4.10 Latin America Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.10.1 Latin America Market Under COVID-19

4.11 Middle East and Africa Sales Volume, Revenue, Price and Gross Margin (2018-2023)

4.11.1 Middle East and Africa Market Under COVID-19

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Ethereum derivatives market cools as prices extend decline – AMBCrypto News

September 8, 2023 | Author: admin

In the current cycle, activity across Ethereums [ETH] derivatives markets have fallen below levels observed in 2021 and 2022, Glassnode found in a new report.

ReadEthereums [ETH] Price Prediction2023-24

According to the on-chain analytics firm, the average daily trade volume across Ethereums futures and options markets has fallen to just $14.3 billion, which is around half the average volume over the last two years.

Between 2021 and 2022, the average daily trade volume across these markets was $26.08 billion. With increased liquidity flush out, last weeks average daily trade volume was less than $10 billion, Glassnode found.

In anticipation of the 12 April Shanghai Upgrade, Ethereums futures markets saw increased activity. According to data from Glassnode, Ethereum futures open interest, tracked on a 30-day small moving average, between 1 January and 12 April had climbed by 10%.

When Shapella went live, futures open interest totaled $ 5.18 billion. However, as many viewed the upgrade as the last major speculative event for the asset, futures market participants began to exit their positions.

This resulted in a steady decline in open interest. As of 4 September, this was $4.32 billion, dropping below its 1 January level.

Ethereums options market, on the other hand, excelled, Glassnode found. According to the report, this market has seen over 256% uptick in daily trade volume since the beginning of the year. As of 4 September, this stood at $5.48 billion.

At press time, ETH exchanged hands at $1,621, per data from CoinMarketCap. As accumulation slows amongst daily traders, ETHs key momentum indicators indicate climbing sell-offs.

Is your portfolio green? Check out theETH Profit Calculator

On a daily chart, the coins Stochastic RSI (StochRSI) has trended downward since 31 August. At press time, the indicators %K line (blue) rested below 50 at 46.08. In a downward-facing position, ETHs distribution continues to outpace accumulation.

Likewise, the coins On-Balance-Volume (OBV) has dwindled since mid-August. It was 23.971 million at press time, having fallen by 1% in the last three weeks. When an assets OBV declines in this manner, it means that the volume of selling has outweighed the buying.

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GenZ Investor Who Invested In Bitcoin, Ethereum, Dogecoin And … – Investing.com UK

September 8, 2023 | Author: admin

Benzinga - by Mehab Qureshi, Benzinga Staff Writer.

Ethan Nguonly, a 22-year-old software engineer, began investing in the stock market with the guidance of his parents before he even reached his teenage years. Today, his investment portfolio includes close to $135,000 in retirement and brokerage accounts, as well as ownership of two houses.

However, Nguonly reveals that his journey to financial success was not without a significant misstep.

What Happened: Nguonly in an interview with CNBC disclosed that between November 2021 and June 2022, he faced losses of approximately $80,000 due to his involvement in margin investing with cryptocurrencies. This figure encompassed $30,000 of his original investment capital and an estimated $50,000 in unrealized gains.

Margin investing is a strategy that allows investors to borrow funds from a broker in order to increase their buying power and investment capacity. By leveraging borrowed money, investors can potentially amplify their returns if their investments perform well. However, its important to note that margin investing also increases the risk of losses, as any downturn in the market can magnify the impact on the borrowed funds

Despite already having invested around $40,000 in prominent cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), alongside a few hundred dollars in altcoins like Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE), he decided to venture further. He chose to invest an additional $15,000 on margin, hoping to capitalize on Bitcoins price surge.

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Why It Matters: Nguonly experienced a brief moment of success as the value of Bitcoin soared, stating, I was up about $50,000 as the price of Bitcoin reached its all-time high. However, towards the end of 2021, the cryptocurrency market took an unfavorable turn, resulting in Bitcoins price plummeting by over 70% by the summer of 2022.

Learning from his $80,000 mistake, Nguonly now advises others to exercise caution, stating, Only invest money you have and dont go un-leveraged into very speculative investments.

Nguonly still retains some investments in cryptocurrencies, primarily focusing on Bitcoin and Ethereum, while avoiding altcoins.

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Price Action: At the time of writing, BTC was trading at $26,267.75, up 1.42% in the last 24 hours, according to Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin Spike After JPMorgan Enters Blockchain Deposit Tokens: Analyst Says BTC Is Going Higher Soon

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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Quantum Physicists From Quantinuum And Chubu University Collaborating On AI And Cognition Research – Pulse 2.0

September 8, 2023 | Author: admin

Quantinuum (the worlds largest quantum computing company) and Chubu University in Japan recently announced a new and timely partnership, co-led by two global experts in quantum models of artificial intelligence, Professors Bob Coecke and Masanao Ozawa. As recognized leaders in their field, they will establish an interdisciplinary team to explore quantum computational linguistics and cognition aimed at building future applications in quantum artificial intelligence.

For two decades, Professor Coecke has been pioneering research in categorical quantum mechanics and quantum computational linguistics, first at Oxford University, now at Quantinuum and is the acknowledged leader in Quantum Artificial Intelligence. And Professor Ozawa, a pioneer in quantum information and foundations derived a new measurement-disturbance relation (Ozawas Inequality) in 2003 that corrects the Heisenberg Uncertainty Principle, and in 2012 succeeded in its experimental verification. He has since led research into a quantum operational approach to cognitive psychology.

As a multi-year project, this collaboration will focus on developing compositional models for cognition with potential applications for taking advantage of the latest generation of quantum computers.

This partnership builds on earlier discoveries by Coecke and Ozawa that there are parallels between quantum and cognitive systems exploring the application of the mathematical structures of quantum theory to observed features of human language and cognition. And it is hoped that this work may explain a range of intractable problems, such as the role of context in generating meaning in text or cognitive phenomena like the question order effect.

Bob Coecke

Chief Scientist at Quantinuum / Head of Quantinuums Oxford-based Quantum NLP & Compositional Quantum Intelligence group / Distinguished Visiting Research Chair at the Perimeter Institute for Theoretical Physics / Emeritus Fellow at Wolfson College Oxford / A Visiting Fellow at the Computer Science Department and the Mathematical Institute of Oxford University.

Masanao Ozawa

Designated Professor of Mathematical Science and Artificial Intelligence at Chubu University / Steering Committee Member of Chubu University Academy of Emerging Sciences / Emeritus Professor at Nagoya University. And he received the Mathematical Society of Japan Prize in 2008, the Commendation for Science and Technology by the Ministry of Education, Culture, Sports, Science and Technology of Japan in 2010, the International Quantum Communication Award in 2010, and the Medal of Honor with Purple Ribbon from the Cabinet Office of Japan in 2015.

KEY QUOTES:

The pioneering work of Professors Ozawa and Coecke reveals the enormous and increasingly relevant potential of quantum computing to truly revolutionize artificial intelligence. Both linguistics and cognition remain intractable to classical computing simulations, but both are amenable to being fully and responsibly exploited by quantum computing. Quantinuum supports transformative work at every stage in the development of quantum computers and the applications and algorithms that use them. Fields like AI have long been synonymous with advances in quantum computing and Quantinuum has established itself as the world-leader in the application of quantum computing to areas related to cognition, such as quantum natural language processing and quantum machine learning.

Founder and Chief Product Officer of Quantinuum Ilyas Khan

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Shimmer Nears Milestone to Bridge IOTA and Ethereum: EVM Compatibility Looms – The Currency Analytics

September 8, 2023 | Author: admin

In the dynamic world of blockchain technology, where innovation knows no bounds, Shimmer emerges as a beacon of progress, poised to revolutionize the landscape. The network, dedicated to advancing major IOTA innovations, is now drawing closer to a momentous milestone that promises to bridge the gap between IOTA and Ethereum. The impending Shimmer EVM launch holds the promise of creating a bridge to Ethereum compatibility, opening new horizons for blockchain enthusiasts and the broader digital economy.

Shimmer recently offered an insight into its EVM development progress, highlighting the dedicated efforts of its smart contracts team in rigorously testing and addressing critical bugs. These crucial steps are instrumental in ensuring a successful launch that will pave the way for exciting possibilities in the world of blockchain technology.

At its core, Shimmer represents the future of blockchain, striving to make blockchain technology more accessible, efficient, and compatible with the broader digital ecosystem. This commitment to progress is not just for the crypto elite but for every individual, business, and organization seeking to leverage the potential of decentralized finance and digital assets.

Shimmer: A Gateway to the Future

Shimmer, with its IOTA foundation, stands as a testament to the relentless pursuit of innovation in the blockchain sphere. While blockchain technology has made significant strides over the years, it has also faced challenges, including interoperability issues between different blockchain networks.

Shimmer aims to tackle this challenge head-on by enabling seamless compatibility with Ethereum. This compatibility would allow assets and applications to flow freely between the two networks, unlocking a world of opportunities for developers, businesses, and users alike.

Imagine a future where digital assets can move effortlessly between IOTA and Ethereum, where smart contracts are executed seamlessly, and where decentralized applications (dApps) thrive in a borderless digital economy. Shimmer is the bridge that can turn this vision into reality.

Shimmers EVM Development: Nearing the Finish Line

The latest update from Shimmers smart contracts team indicates that the EVM development is progressing steadily. The teams dedication to thorough testing and bug fixes underscores their commitment to delivering a robust and secure platform.

In the world of blockchain, security is paramount. Shimmers meticulous approach to identifying and rectifying critical bugs ensures that users can trust the platform with their assets and transactions. This focus on security sets the stage for a smooth and successful EVM launch.

The smart contracts teams hard work and attention to detail are not just about launching a product; its about launching a new era in blockchain technology. The compatibility between IOTA and Ethereum will open doors to a vast ecosystem of applications, services, and opportunities that were previously unimaginable.

The Promise of Interoperability

Interoperability is the cornerstone of Shimmers mission. In the current blockchain landscape, different networks often operate in isolation, hindering the seamless flow of assets and data. Shimmers push for Ethereum compatibility is a significant step towards breaking down these barriers.

Once the Shimmer EVM is live, users will have the ability to transact seamlessly between IOTA and Ethereum networks. Whether its transferring digital assets, executing smart contracts, or participating in decentralized finance (DeFi) activities, Shimmer will serve as the conduit for a connected blockchain world.

Unlocking New Possibilities

The impending Shimmer EVM launch is not just about compatibility; its about unlocking new possibilities. Developers will have the freedom to build applications that harness the strengths of both IOTA and Ethereum. This synergy can lead to innovations that have the potential to reshape industries and redefine how we interact with technology.

Businesses can explore new avenues for growth by tapping into the combined power of these two blockchain giants. From supply chain optimization to tokenizing assets, the opportunities are vast and diverse.

Shimmers Commitment to Excellence

Shimmers journey towards Ethereum compatibility is a testament to the dedication and expertise of its team. The world of blockchain technology is a rapidly evolving one, and staying at the forefront of innovation requires continuous effort and a relentless pursuit of excellence.

The smart contracts teams diligence in testing and fixing critical bugs demonstrates Shimmers commitment to delivering a secure and reliable platform. In a space where security breaches can have far-reaching consequences, Shimmers unwavering focus on safety is commendable.

Joining Shimmer on the Path to Progress

As Shimmer approaches this significant milestone, it invites blockchain enthusiasts, developers, businesses, and users from all walks of life to join in the journey. The blockchain revolution is not an exclusive club; its a global movement that has the potential to empower individuals and transform industries.

Keep an eye on Shimmers progress, for it represents a pivotal moment in the blockchain story. The bridge to Ethereum compatibility is within reach, and the possibilities it unlocks are boundless.

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Preserving Decentralization: The Center Consortium’s Governance … – BTC Peers

September 8, 2023 | Author: admin

Decentralization is a foundational principle of cryptocurrency and blockchain technology. However, as stablecoins like USD Coin gain popularity, balancing decentralization with efficiency presents unique governance challenges. The Centre Consortium, led by Circle and Coinbase, aims to uphold USD Coin's decentralization through its inclusive governance model.

Stablecoins like USD Coin peg their value to fiat currencies or assets outside the crypto market. This reduces volatility, enabling use cases like global money transfers and blockchain-based financial services. However, without proper governance, stablecoins could concentrate power and undermine decentralization.

The Centre Consortium formed in 2018 to govern USD Coin (USDC) issuance and policymaking. Its founders, Circle and Coinbase, aimed to create a transparent, decentralized model, avoiding control by a single institution. The consortium operates autonomously, guided by its commitment to:

Centre's open, distributed governance model promotes decentralization. Here's how it works:

In governing USD Coin, the Centre Consortium must continually balance competing needs:

As USD Coin gains ground, Centre's foundational principles will be tested. Two key questions loom:

With greater adoption comes pressure to optimize efficiency over decentralization. Centre must reinforce its commitment to distributed governance as USDC expands. Failing to do so could undermine trust in USD Coin as a decentralized stablecoin.

Financial regulators are increasingly focused on stablecoins. This may require Centre to implement compliance processes that seem at odds with decentralization. However, thoughtful design could satisfy regulations without consolidating power over USDC.

The Centre Consortium's inclusive approach to governing USD Coin provides a model for decentralized stability amid volatile crypto markets. But maintaining this balance long-term will require continuous reaffirmation of its guiding principles. If Centre can achieve this enabling USDC's growth while resisting re-centralization it will offer valuable insights for the governance of decentralized systems.

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Bitcoin ETFs will enhance Crypto Market Decentralization – Tekedia

September 8, 2023 | Author: admin

Bitcoin is a digital currency that operates on a decentralized network of computers, without the need for a central authority or intermediary. Bitcoin ETFs are exchange-traded funds that track the price of bitcoin and allow investors to gain exposure to the cryptocurrency without having to buy, store, or manage it themselves.

There are several potential benefits of investing in bitcoin ETFs, such as:

Liquidity: Bitcoin ETFs trade on regulated stock exchanges, which means they have high liquidity and can be easily bought and sold throughout the day.

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Diversification: Bitcoin ETFs can offer investors a way to diversify their portfolio and hedge against inflation, currency devaluation, or geopolitical risks.

Simplicity: Bitcoin ETFs eliminate the hassle of dealing with bitcoin wallets, exchanges, or custodians, which can be complex, costly, or insecure.

Tax efficiency: Bitcoin ETFs may have lower tax implications than directly owning bitcoin, depending on the jurisdiction and the type of fund.

However, there are also some drawbacks of investing in bitcoin ETFs, such as:

Fees: Bitcoin ETFs charge management fees and other expenses that reduce the returns for investors. These fees may vary depending on the fund provider and the structure of the fund.

Tracking error: Bitcoin ETFs may not perfectly replicate the performance of bitcoin, due to factors such as market volatility, liquidity constraints, or regulatory issues. This means that the price of the fund may deviate from the price of bitcoin over time.

Regulatory uncertainty: Bitcoin ETFs are subject to the rules and regulations of the jurisdictions where they are listed and traded, which may change or differ from those governing bitcoin itself. This creates uncertainty and risk for investors, especially in countries where bitcoin is not widely accepted or legal.

Limited availability: Bitcoin ETFs are not widely available in many markets, as they face significant regulatory hurdles and skepticism from authorities. As of August 2023, only a few countries have approved or launched bitcoin ETFs, such as Canada, Brazil, and Germany.

Decentralization means that no single entity or authority has control over the network, the transactions, or the governance of the system. Instead, the power is distributed among the participants, who can verify, validate, and contribute to the network in a transparent and democratic way.

Why is decentralization important for the cryptocurrency industry? There are several reasons:

Decentralization enhances security. By eliminating the need for intermediaries or central servers, decentralization reduces the risk of hacking, censorship, or manipulation. The network is protected by cryptography and consensus mechanisms that ensure its integrity and reliability.

Decentralization promotes innovation. By allowing anyone to participate and contribute to the network, decentralization fosters a culture of creativity and experimentation. The network can evolve and adapt to the changing needs and preferences of the users, without being constrained by bureaucratic or regulatory barriers.

Decentralization empowers users. By giving users more control over their own data, assets, and identity, decentralization enhances their privacy and sovereignty. Users can choose how to interact with the network, what services to use, and whom to trust, without relying on third parties or intermediaries.

The cryptocurrency industry will only become better as it becomes decentralized. Decentralization is not only a technical feature, but also a social and economic vision. It is a vision of a more open, fair, and inclusive world, where everyone can benefit from the opportunities and advantages of digital currencies.

Bitcoin ETFs are a convenient, decentralized and accessible way for investors to gain exposure to the cryptocurrency market, but they also come with some challenges and risks. Investors should weigh the pros and cons of investing in bitcoin ETFs carefully before making a decision.

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Lido Finance ETH Staking Nears 33%; Alarming for Decentralization – The Coin Republic

September 8, 2023 | Author: admin

Blockchain brings revolutionary and harmless solutions to help develop new technologies and adapt existing ones. One key factor in blockchain tech is decentralization, which became its synonym. The broader decentralization finance (DeFi) has the inherent way of a democratic financial system. Ethereum, being the first of such blockchain networks, saw the rise of DeFi protocols and budding decentralization that now, the community thinks, is in jeopardy.

In the past several days, the discussion around Lido Finance being the biggest Ethereum staker saw an increase. This came at a point when some prominent ETH staking protocols reportedly committed or were preparing to commit the self-limit rule of 22%.

Amid this 22% self-limiting ETH staking provision, the issue of Lido Finances current Ethereum staking came into the mainstream discussion. The liquid staking protocol is the biggest on the Ethereum blockchain and accounts for about 32.4% of the overall staked ETH, according to the Dune Analytics data.

The staking mechanism over the decentralized protocols is meant to provide a better alternative to the traditional governance system. The regime was expected to work smoothly keeping the underlying decentralization intact. But it gets disturbed with the more control getting amassed to a single entity.

Ethereum community members considered the issue a threat to the decentralization of the blockchain network and called out over social media.

In an X (formerly Twitter) post on Friday, the chief decentralization officer at Ethereum, Evan Van Ness, stated Lido Finance as the biggest attack on Ethereums decentralization. Historically the protocol is on its way to breach 33% of all the staked Ethereum and yet no one is talking about it.

Prominent Ethereum investor Ryan Berckman posted a long tweet and talked about the threat to Ethereum from the growing centralization of Lido.

Berckman expressed concerns that Lidos uncapped dominance uniquely poses a threat to Ethereums reputation as a decentralized blockchain. He also raised the possibility that this dominance could potentially impact the long-term valuation of ETH. Berckman urged that addressing this issue is crucial to safeguarding these goals from being hindered.

Berckman conveyed that if such a scenario were to occur, it could potentially influence the rate of their growth significantly. Consequently, it might also impact the benefits Ethereum brings to humanity and the numerical value of ETHs long-term valuation.

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Lido Finance ETH Staking Nears 33%; Alarming for Decentralization - The Coin Republic

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XRP Decentralization Debates and Its Inflationary Token Distribution – BTC Peers

September 8, 2023 | Author: admin

The debates around XRP's decentralization and inflationary distribution have been ongoing within the cryptocurrency community. As the third largest cryptocurrency by market capitalization, XRP possesses unique properties that separate it from the likes of Bitcoin and Ethereum. Understanding the arguments from both sides can shed light on the future of this controversial digital asset.

Critics point out that XRP was created by the company Ripple and a majority of the total supply is still held by them. This leads to claims that XRP is centralized, with Ripple able to potentially manipulate the price and blockchain. Unlike Bitcoin and Ethereum which have thousands of nodes, the XRP ledger only has a few authorized validators approved by Ripple. There are also concerns about Ripple halting transactions and rolling back ledger states if needed. The high degree of control by a single company is seen by many as going against the ethos of decentralization.

On the other side, proponents argue that the XRP ledger is open source and anyone can run a validator node. The list of validators is also increasingly diversified as Ripple reduces its share. No single entity, including Ripple, can unilaterally control the ledger. XRP is also traded on numerous independent digital asset exchanges. Furthermore, Ripple hopes to eventually fully decentralize XRP over time and is releasing more tokens into the open market. The technology and governance structure may allow for greater decentralization moving forward.

A key criticism of XRP is the fact that 100 billion tokens were created at inception, with a large portion held by Ripple. This "pre-mine" and founder's reward goes against the culture of other cryptos like Bitcoin that were more fairly launched. It grants excessive power to founders who can sell their tokens and potentially crash the price. Having a controlling share also raises fears of price manipulation by founders looking to take advantage of retail investors for personal gain.

Unlike Bitcoin's fixed supply, XRP releases a small number of new tokens each year. This worries some that it could lead to inflation and reduce scarcity. However, the inflation rate is fixed at a negligible rate unlikely to affect the token price. Ripple also locks up unused tokens to control the circulating supply. While not as deflationary as Bitcoin, many believe the predictably low inflation makes XRP functionally "fixed" supply for all practical purposes.

As XRP increases adoption for cross-border payments, regulatory concerns may necessitate decentralization. Market forces may also demand Ripple reduce its control as a condition for institutional investment. If Ripple executes well on technical roadmaps to enable decentralized control and governance, XRP could potentially transition to a permissionless blockchain. However, some question whether Ripple has incentives to fully give up authority over such a valuable asset. The coming years will determine whether decentralization can win out over corporate interests.

The high profile lawsuit alleges Ripple conducted an unregistered securities offering by selling XRP tokens. A ruling affirming this could greatly impact XRP, potentially classifying it as an illegal security. However, many experts believe the "Howey Test" shows XRP behaves as a currency rather than a security. Settlement is also likely given the nuances. Still, the lawsuit highlights the risks of XRP's centralized control. Regardless of outcome, it may accelerate decentralization efforts and require concessions from Ripple. The company's flexibility and willingness to compromise will shape XRP's ability to comply with regulations.

In conclusion, XRP's non-traditional origins and current governance invoke reasoned debates within blockchain circles. While its creators feel central control is justified, decentralization proponents await stronger technical and legal assurances. Moving forward, XRP's progress on these fronts will determine if it can bridge the gap between corporate and community interests. Striking the right balance will enable XRP to keep gaining adoption as a fast and efficient means of value transfer through tried and tested infrastructure.

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XRP Decentralization Debates and Its Inflationary Token Distribution - BTC Peers

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