Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Ethereum's Existential Threat: Lido's Dominance and the Future of Decentralization

Ethereum’s Existential Threat: Lido’s Dominance and the Future of Decentralization

Danny Ryan, a key figure in the Ethereum community, recently voiced concerns about the growing influence of protocols like Lido, which now controls almost a third of all staked ETH. Ryan warned that this dominance poses a potential risk to Ethereum’s decentralization principle and could disrupt consensus mechanisms.

Ryan’s concerns are rooted in the unchecked growth of Lido and similar platforms, which he sees as a systemic threat to Ethereum. He criticized the community’s apathy towar

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Japan's Crypto Association Paves New Path for ICO Regulation

Japan’s Crypto Association Paves New Path for ICO Regulation

Japan’s Crypto Asset Business Association (JCBA) is leading a revolution in the Initial Coin Offering (ICO) market with its latest initiative. Driven by a solid partnership with Web3 firms, the JCBA has proposed a redefined framework for Initial Exchange Offerings (IEOs) and ICOs. In an effort to bring transparency and stability to the ICO landscape, the proposal focuses on improving the price calculation process, enhancing liquidity, stabilizing operations, and implementing on-sale restricti

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Microstrategy's Bitcoin Acquisition and its Impact on Market Trends

Microstrategy’s Bitcoin Acquisition and its Impact on Market Trends

Microstrategy, under the leadership of Michael Saylor, recently purchased an additional 5,445 BTC, totaling $147.3 million. This move is speculated to be a key influencing factor behind the positive Coinbase Premium observed in recent times. The timeline of Microstrategy’s Bitcoin purchases seems to align with the cryptocurrency’s price over the past years, often occurring near the top.

This latest acquisition took place between August and September, with an average token price of $27,0

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Maximalist Sparks Controversy Over XRP Centralization Claims

Bitcoin Maximalist Sparks Controversy Over XRP Centralization Claims

Bitcoin supporter Max Keiser sparked a controversy after claiming that XRP is centralized, based on a patent filed over three decades ago by Ripple co-creator David Schwartz. The patent, however, does not mention Ripple and was filed when Schwartz was a young adult, leading to intense reactions from the XRP community.

Keiser’s accusations were met with strong pushback from the XRP community, who defended the cryptocurrency and called out the assumptions made by Keiser. Some members poin

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Controversy Surrounds $200M Mixin Network Hack and Compensation Plan

Controversy Surrounds $200M Mixin Network Hack and Compensation Plan

The Hong Kong-based Mixin Network, a decentralized cross-chain transfer protocol, has come under scrutiny following a $200 million hack on September 25. The Mixin Network allowed users to send digital assets to others using just a phone number. The assets were normally kept in ‘cold storage’, but the cloud server hack led to the compromise of Mixin’s hot wallets.

After the hack, Mixin’s founder, Xiaodong Feng, promptly revealed a compensation plan. However, this plan only covers up to 5

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