LATEST NEWS

Vitalik Buterin Proposes Stealth Addresses to Boost Ethereum's Privacy Features

Ethereum's co-founder, Vitalik Buterin, has proposed a new method to enhance privacy and anonymity on the Ethereum network by using stealth addresses. In a blog post, Buterin outlined how stealth addresses could be utilised to make transactions more secure and private. The concept involves creating an extra layer of addresses that are not visible on the public blockchain but are linked to a user's public address. This would make it more difficult for third parties to track transactions and identify users. If implemented, the use of stealth addresses could make Ethereum more appealing to users who prioritise privacy in their financial transactions.

SEC Could Transform Ethereum's Staking Landscape for the Better

The U.S. Securities and Exchange Commission (SEC) is expected to provide regulatory clarity on Ethereum staking, which could change the staking landscape for the better. Ethereum's transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism has led to increased staking activities on the network. However, the SEC's lack of clear guidance on the regulatory status of staking has made some investors hesitant to participate. According to industry experts, regulatory clarity from the SEC would encourage more investors to participate in staking, potentially leading to a more decentralised and secure network.

Siemens Launches Blockchain-based Euro Bond on Polygon

German engineering firm Siemens (Germany’s third-largest publicly traded company by market cap) has issued a €100 million ($116 million) bond using blockchain technology on the Polygon network. The bond is the first euro-denominated bond issued by Siemens on a public blockchain and marks a significant milestone in the company's exploration of blockchain technology. The bond's smart contract was executed on the Polygon network, which provides faster transaction times and lower fees than other blockchains. Siemens has been exploring blockchain technology for some time, with a particular focus on applications in supply chain management and logistics. The use of blockchain technology for bond issuance could streamline the process and reduce costs, potentially making it a more appealing option for other companies in the future.

Paxos to Stop Issuing BUSD Stablecoins for Binance

Paxos, a regulated financial institution that mints Binance USD (BUSD) stablecoins, has decided to stop issuing new BUSD tokens to Binance due to regulatory concerns. This follows a warning from the Financial Conduct Authority (FCA) that Binance was not permitted to operate in the UK. While BUSD tokens will continue to be issued to other clients, the decision highlights the mounting regulatory pressure that cryptocurrency exchanges are facing. Binance has been experiencing a series of setbacks, including the suspension of Faster Payments and CHAPS services for UK customers, as it navigates a challenging regulatory environment.

Iris Energy to Boost Hashrate with 44,000 New Bitcoin Miners

Australian Bitcoin mining firm Iris Energy has announced plans to triple its hashrate with the purchase of 44,000 new ASIC miners. The acquisition will increase Iris Energy's mining capacity to 5.5 EH/s by Q4 2022, making it one of the largest Bitcoin miners in the world. The mining company intends to invest a total of $212.4 million to expand its operations and generate more cryptocurrency. As demand for Bitcoin continues to grow, many mining companies are expanding their operations to meet the rising need for computing power.

BONUS: Check out the podcast we did with Iris Energy CEO Daniel Roberts here