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SEC Is Closing Investigation into Ethereum as a Security
The Securities and Exchange Commission (SEC) is closing its investigation into Ethereum, the second-largest cryptocurrency by market capitalisation, as a security, Consensys confirmed today (Wednesday).
Consensys further confirmed that the decision came after the US-based blockchain firm sent a letter to the regulator on June 7 asking to βconfirm that the May ETH ETF approvals, which were premised on ETH being a commodity, meant the agency would close its Ethereum 2.0 investigation.β
#NekoNews @OriNeko
The Securities and Exchange Commission (SEC) is closing its investigation into Ethereum, the second-largest cryptocurrency by market capitalisation, as a security, Consensys confirmed today (Wednesday).
Consensys further confirmed that the decision came after the US-based blockchain firm sent a letter to the regulator on June 7 asking to βconfirm that the May ETH ETF approvals, which were premised on ETH being a commodity, meant the agency would close its Ethereum 2.0 investigation.β
#NekoNews @OriNeko
βGerman Government (BKA)β selling its BTC? Arkham-tagged wallet sparks curiosity
According to Arkham data, the crypto wallet has held nearly 50,000 BTC since February 2024, only to sell nearly 6,500 BTC on June 19. The funds are believed to have been seized from the pirated movie website operator Movie2k.
The German government-linked wallet made four transactions earlier today, with one outflow of 6,500 BTC worth $425 million to a wallet address bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd and another of 2,500 BTC worth $154 million to its own address.The wallet address received 6,500 BTC and then moved 2,500 BTC to another wallet address, bc1qq0l4jgg9rcm3puhhfwaz4c9t8hdee8hfz6738z. The new wallet then moved the newly received funds in batches of 500 BTC and sent out four transactions. Two of these transactions were made to crypto exchanges such as Kraken and Bitstamp, while the other two were moved to non-labeled private addresses.
#NekoNews @OriNeko
According to Arkham data, the crypto wallet has held nearly 50,000 BTC since February 2024, only to sell nearly 6,500 BTC on June 19. The funds are believed to have been seized from the pirated movie website operator Movie2k.
The German government-linked wallet made four transactions earlier today, with one outflow of 6,500 BTC worth $425 million to a wallet address bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd and another of 2,500 BTC worth $154 million to its own address.The wallet address received 6,500 BTC and then moved 2,500 BTC to another wallet address, bc1qq0l4jgg9rcm3puhhfwaz4c9t8hdee8hfz6738z. The new wallet then moved the newly received funds in batches of 500 BTC and sent out four transactions. Two of these transactions were made to crypto exchanges such as Kraken and Bitstamp, while the other two were moved to non-labeled private addresses.
#NekoNews @OriNeko
Harmony to Undergo Hard Fork on June
Harmony is set to implement a hard fork at epoch 1976, which is scheduled for June 20th, at 00:06:49 UTC. The purpose of this hard fork is to address an issue related to the maximum rate of validators. This update will introduce a uniform validator rate check, which is expected to maintain the integrity of the network and secure the funds. Refer to the official tweet by ONE
π Neko Forecasting $ONE for short-term correction and bounce from current marked demand zone for buy position.
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Harmony is set to implement a hard fork at epoch 1976, which is scheduled for June 20th, at 00:06:49 UTC. The purpose of this hard fork is to address an issue related to the maximum rate of validators. This update will introduce a uniform validator rate check, which is expected to maintain the integrity of the network and secure the funds. Refer to the official tweet by ONE
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Axie Infinity to Host Axie Classic Guild Wars SEA Tournament on June
Axie Infinity is set to host the Axie Classic Guild Wars SEA in Quezon City, Philippines on June 23rd. The tournament will see eight guilds competing against each other for the top spot. The stakes are high as the prize pool consists of 5000 AXS and two slots for the Axie Classic Guild World Cup are up for grabs. Refer to the official tweet by AXS
π Neko Forecasting $AXS for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
Axie Infinity is set to host the Axie Classic Guild Wars SEA in Quezon City, Philippines on June 23rd. The tournament will see eight guilds competing against each other for the top spot. The stakes are high as the prize pool consists of 5000 AXS and two slots for the Axie Classic Guild World Cup are up for grabs. Refer to the official tweet by AXS
#NekoChart @OriNeko
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Montenegro's Prime Minister Linked to Early Terraform Investment
Documents from the US SEC's case against Terraform reveal that Montenegro's Prime Minister Milojko SpajiΔ invested β¬75,000 for 750,000 Terra (LUNA) tokens in April 2018.
Prior to the release of these documents, SpajiΔ had maintained that he never personally invested in Terraform Labs, claiming that it was his employer, Singapore's Das Capital SG, who channeled the funds.
Interestingly, it was in Montenegro that Terraform founder Do Kwon was arrested and is currently detained. A curious coincidence?
#NekoNews @OriNeko
Documents from the US SEC's case against Terraform reveal that Montenegro's Prime Minister Milojko SpajiΔ invested β¬75,000 for 750,000 Terra (LUNA) tokens in April 2018.
Prior to the release of these documents, SpajiΔ had maintained that he never personally invested in Terraform Labs, claiming that it was his employer, Singapore's Das Capital SG, who channeled the funds.
Interestingly, it was in Montenegro that Terraform founder Do Kwon was arrested and is currently detained. A curious coincidence?
#NekoNews @OriNeko
On June 9, an anonymous researcher reported a critical security bug to Kraken. Later, two accounts associated with the researcher exploited the flaw, extracting $3 million from the exchange's wallets.
The hackers are now refusing to return the money unless they receive a reward for their discovery. Nick Percoco, Kraken's head of cybersecurity, stated that this is more akin to extortion than the collaborative effort expected in the bug bounty program.
He also noted that Kraken is collaborating with law enforcement to seek criminal prosecution against the extortionists.
Kraken has assured that user funds are not affected by this incident.
#NekoNews @OriNeko
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Binance to Delist OCEAN and AGIX in Support for Artificial Superintelligence Alliance
Binance announced that it will support the Ocean Protocol (OCEAN) and SingularityNET (AGIX) token merge to Fetchai (FET) using the new project name Artificial Superintelligence Alliance. Binance will delist and cease trading on all spot trading pairs for OCEAN and AGIX.
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Binance announced that it will support the Ocean Protocol (OCEAN) and SingularityNET (AGIX) token merge to Fetchai (FET) using the new project name Artificial Superintelligence Alliance. Binance will delist and cease trading on all spot trading pairs for OCEAN and AGIX.
#NekoNews @OriNeko
Digital asset manager 3iQ has filed for a Solana exchange-traded product listing on Canadaβs Toronto Stock Exchange (TSE) β a North American first if approved, the firm claims.
βWe have submitted a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public offering,β 3iQ posted to X on June 20. If approved, it would be the first Solana ETP listed in North America, the firm noted.
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MicroStrategy Acquires 11,931 BTC for $786 Million
βWith this latest acquisition, MicroStrategy's total bitcoin holdings have reached 226,331 BTC, solidifying their status as one of the largest whales in the bitcoin market.β β
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βWith this latest acquisition, MicroStrategy's total bitcoin holdings have reached 226,331 BTC, solidifying their status as one of the largest whales in the bitcoin market.β β
#NekoNews @OriNeko
Tesla CEO Elon Musk has recently confirmed that his son, affectionately known as 'lil X,' is still holding onto his Dogecoin, much to the delight of the DOGE community.
This indirect confirmation came in response to a playful tweet by a Dogecoin graphic designer, "dogedesigner," who shared that 'lil X' is a dedicated toddler holder, never once suggesting selling his holdings.
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ββTop 10 AI Tokens by Fully Diluted Valuation
Bittensor - $6.14B
Fetch AI - $4.05B
Render - $3.92B
io.net - $2.98B
Aethir - $2.71B
SingularityNET - $1.28B
Ocean Protocol - $897M
NetMind.AI - $888M
Spectral - $700M
Sleepless AI - $694M
π https://cryptorank.io/tags/artificial-intelligence
Bittensor - $6.14B
Fetch AI - $4.05B
Render - $3.92B
io.net - $2.98B
Aethir - $2.71B
SingularityNET - $1.28B
Ocean Protocol - $897M
NetMind.AI - $888M
Spectral - $700M
Sleepless AI - $694M
π https://cryptorank.io/tags/artificial-intelligence
π― Learning With Neko Week 41.
Hola, Necats, happy weekend today we'll talk about Nominated Proof of Stake (NPoS)
What Is Nominated Proof of Stake (NPoS)?
Nominated Proof of Stake is a variation of the Proof-of-Stake consensus mechanism that aims to be more democratic, and therefore more fair, than its predecessor. Put simply, it allows token holders to nominate validators to represent them in the block validation process. Only nominated validators can participate in block formation and each individual nominator can nominate a specific number of validators.
To follow, these networks automatically distribute the stake among the participating validators evenly with penalization mechanisms for both validators and nominators in case of malicious activities. Polkadot was the first blockchain to create and use the Nominated Proof of Stake system, supporting its core mission of interoperability and decentralization.
#NekoLearn @OriNeko
Hola, Necats, happy weekend today we'll talk about Nominated Proof of Stake (NPoS)
What Is Nominated Proof of Stake (NPoS)?
Nominated Proof of Stake is a variation of the Proof-of-Stake consensus mechanism that aims to be more democratic, and therefore more fair, than its predecessor. Put simply, it allows token holders to nominate validators to represent them in the block validation process. Only nominated validators can participate in block formation and each individual nominator can nominate a specific number of validators.
To follow, these networks automatically distribute the stake among the participating validators evenly with penalization mechanisms for both validators and nominators in case of malicious activities. Polkadot was the first blockchain to create and use the Nominated Proof of Stake system, supporting its core mission of interoperability and decentralization.
#NekoLearn @OriNeko
How Does Nominated Proof-of-Stake (NPoS) Work?
Nominated Proof-of-Stake combines the traditional Proof-of-Stake mechanism with stakeholder voting by dividing the network into two participants: validators and nominators. The NPoS voting mechanism follows the sequential Phragmen election technique focusing on fair representation. While that may sound complex, letβs break down what it means.
each block is processed by an active validator set. This is a group of validators chosen by the nominators. Nominators can nominate a specific number of validator nodes. Next, validators receive slots in the validator set relative to the stake backing them.
The validators which receive the most nominations, and thus have a higher stake backing them, become the validator set for that block. This changes every βeraβ, a predefined amount of time, ranging from 4 hours to 24 hours. Once the active set is finalized, the network distributes the stake between all chosen validators to keep the process fair.
#NekoLearn @OriNeko
Nominated Proof-of-Stake combines the traditional Proof-of-Stake mechanism with stakeholder voting by dividing the network into two participants: validators and nominators. The NPoS voting mechanism follows the sequential Phragmen election technique focusing on fair representation. While that may sound complex, letβs break down what it means.
each block is processed by an active validator set. This is a group of validators chosen by the nominators. Nominators can nominate a specific number of validator nodes. Next, validators receive slots in the validator set relative to the stake backing them.
The validators which receive the most nominations, and thus have a higher stake backing them, become the validator set for that block. This changes every βeraβ, a predefined amount of time, ranging from 4 hours to 24 hours. Once the active set is finalized, the network distributes the stake between all chosen validators to keep the process fair.
#NekoLearn @OriNeko
NPoS Vs DPoS: Whatβs the Difference?
If you know anything about delegated proof-of-stake, you may have noticed these two consensus mechanisms behave quite similarly. Despite their similarities, they are not identical.
Validation in both NPoS and DPoS blockchains both revolve around two different network users, one with the power to vote the other in. However, these voters are named delegators in DPoS and nominators in NPoS.
But thereβs also another key difference. With NPoS, both nominators and validators put up a stake as collateral. This means that both nominators and validators may be punished for bad behavior via slashing. On the other hand, in DPoS, only validators receive punishment for bad behavior. Meaning in a DPoS system, delegators are not punished for the actions of malicious validators, ususally that is. Today, some DPoS mechanisms do include ways to punish delegators too. So in fact, the line between these two mechanisms can sometimes be blurred.
#NekoLearn @OriNeko
If you know anything about delegated proof-of-stake, you may have noticed these two consensus mechanisms behave quite similarly. Despite their similarities, they are not identical.
Validation in both NPoS and DPoS blockchains both revolve around two different network users, one with the power to vote the other in. However, these voters are named delegators in DPoS and nominators in NPoS.
But thereβs also another key difference. With NPoS, both nominators and validators put up a stake as collateral. This means that both nominators and validators may be punished for bad behavior via slashing. On the other hand, in DPoS, only validators receive punishment for bad behavior. Meaning in a DPoS system, delegators are not punished for the actions of malicious validators, ususally that is. Today, some DPoS mechanisms do include ways to punish delegators too. So in fact, the line between these two mechanisms can sometimes be blurred.
#NekoLearn @OriNeko