The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Crypto community balks at SEC Chair Gensler’s assertion that regulation for capital markets, crypto should be same
Gary Gensler slammed non-complying crypto firms saying 1930s securities law applies regardless of how a product is packaged.
SudoRare developers reap $815,000 from rug pulling project
Six-day old SudoRare protocol has cost investors $815,000 after developers shut down the project.
El Salvador’s Bitcoin policy could lead the change in global monetary system – Simon Dixon
Simon Dixon said El Salvador's Bitcoin strategy will help the country get out of the "fiat-based Ponzi scheme debt mechanisms" that the IMF created.
Coinbase’s ENS integration goes live
Users can change their ENS names once a year and use them in any manner they choose to, as long as it complies with Coinbase's Subdomain Terms — which have yet to be announced.
Former OpenSea exec claims insider trading laws cannot apply to NFTs
Nate Chastain is under trial for exploiting OpenSea's NFT data for his personal trades and has requested the court to dismiss his case on a technicality based on Carpenter wire fraud theory.
Bitcoin mining energy consumption estimated to rise 10x if price hits $2M – Arcane Research
Arcane Research's published a report calculating Bitcoin's future energy consumption levels based on three possible future prices.
Using Share of Trade Volume (SOTV) to assess DEXs
Analysis shows that one of the best ways to assess a Decentralized Exchange's market performance is by looking at its share of trade volume versus its market cap.
Most PoW miners intend to mine Ergo, not Ravencoin or Ethereum Classic post-Merge
A poll on which Proof-of-Work coin Ethereum miners will switch to next showed Ergo taking almost half of the votes.
Bitcoin and Ethereum futures are re-exerting dominance over spot markets
Bitcoin and Ethereum futures traders have returned, suggesting belief that the Terra fallout has unwound.
IBM’s WeaveSphere conference will focus on Web3 in November
WeaveSphere is a technology conference held jointly by IBM and Evoke, and its 2022 theme is "Evolving Technology for the Future" which focuses on Web3 areas along with various others.
Ronin bridge Hackers used ChipMixer to launder over $73M of stolen funds
Ronin bridge hackers, the Lazarus Group found a new home in ChipMixer after using the protocol to launder 3,460 BTC stolen from the Ronin bridge
Big brands start seeing revenue from their NFT sales
While most legacy brands made profits from their NFTs, Nike's collection generated $187.27 in revenue for the company and saw $1.29 billion in volume on the secondary market.
Digital asset market lost $1B in the week of Aug. 15
The digital asset market saw small outflows of up to $9 million, totaling $1 billion. The current market size is 55% smaller than the year average.
SWIFT considered ‘neutral’ on sanctions; debate sparked on whether Ethereum is the same
Global payment messaging service SWIFT claims to be "neutral" regarding sanctions. Can Ethereum make the same claim?
Interest Protocol partners with Chainlink Labs to bring more security to DeFi lending
Aside from receiving strategic advice from Chainlink Labs, the partnership will enable IP to integrate both Chainlink Keepers and Chainlink Proof of Reserve (PoR).