Two crypto influencers on X have called on their followers to snap up Bitcoin, gold, and silver, citing the risk of rising national debt in the United States. In an X post on March 11, entrepreneur and angel investor Balaji Srinivasan argued that Bitcoin is the only realistic solution to escape the inevitability of unsustainable government spending…
Ethereum is already “well-positioned” to mitigate the impact of a massive quantum computing attack on the network, according to Ethereum co-founder Vitalik Buterin. In a March 9 post to Ethereum Research, Buterin discussed what would happen if a “quantum emergency” happened as early as tomorrow. “Suppose that it is announced tomorrow that quantum computers are available, and…
Understanding rebase tokens Rebase tokens are a particular kind of cryptocurrency that periodically (typically daily or multiple times a day) modifies its total supply. The adjustments seek to stabilize the rebased token’s price or target a specific value through methods that increase or decrease the token supply in reaction to price deviations from the target….
Crypto firms Grayscale and Coinbase recently met with United States Securities and Exchange Commission (SEC) officials to discuss a rule change for the launch of spot Ether exchange-traded funds (ETFs). Grayscale is seeking to convert its Ethereum Trust — which tracks the market price of Ether — into an ETF, similar to the conversion of its…
The Arbitrum DAO is voting to fund the legal defense costs of Tornado Cash’s developers. If approved, the community would donate up to 600,000 ARB tokens in the first year, worth nearly $1.3 million at the time of writing. A proposal submitted on March 7 by pseudonymous delegate DK seeks to fund a “robust legal defense” for…
Bitwise chief investment officer Matt Hougan warned investors to approach crypto projects with high valuations skeptically as the “wealth effect” is occurring in the crypto market. He indicated that traders are reallocating portions of their Bitcoin into other crypto investments, causing price increases across the market. In a recent series of posts on X, Hougan explained that Bitcoin’s…
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