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Dominant Staking Pool Lido Causing ‘Long Lasting’ Damage to Ethereum, But Aims to Improve
21.4.2022
Lido Finance, a third-party staking pool operator for Ethereum (ETH) 2.0, is under fire from the community for what is called an “unwavering commitment to being a monopoly” that accusers say damages Ethereum’s status as a decentralized blockchain. However, the operator says it aims to...
Is Ethereum Staking Pool Lido’s Growth an Omen of Centralization?
20.4.2022
Lido might be on track to control over 50% of all staked ether on the Beacon Chain. Better it than Coinbase, proponents say
Axie Infinity’s Ronin Hack Exposes Risks of Proof-of-Stake and Centralization – Analysts
30.3.2022
The recent hack of Axie Infinity’s Ronin bridge reveals how proof-of-stake (PoS) chains still struggle with a fundamental flaw in their design, with speed and energy efficiency prioritized over security, an analyst at crypto exchange Huobi has said....
Read More: Axie Infinity’s Ronin Hack...
Consolidation and centralization: How Europe’s new AML regulation will affect crypto
11.3.2022
With plans for a new watchdog, experts say the EU could take a more hardline position on digital assets
Drawbacks of centralization: Moscow Stock Exchange remains offline amid ongoing Russo-Ukrainian war
2.3.2022
The closing of the exchange, along with a plunging Ruble, may have devastating impacts on the lives of ordinary Russian citizens
Most Defi Hacks in 2021 Had to Do With Centralization Issues, According to Certik
17.1.2022
Certik, a blockchain security and auditing firm, has reported that the most common attack vector for hacks in decentralized finance (defi) protocols had to do with centralization in 2021. This data is present in Certik’s latest report, where the company also examines the growth of defi...
Centralization Caused Most Decentralized Finance Hacks in 2021
12.1.2022
Centralization issues have emerged as the main attack vector in decentralized finance (DeFi), facilitating the largest share of the hacks -- with USD 1.3bn worth of user funds stolen in 44 DeFi attacks last year, according to a recent report by security-focused ranking platform CertiK.
CertiK’s...
‘Centralization issues’ are the biggest culprits of DeFi attacks: CertiK
11.1.2022
DeFi is one of crypto's biggest growth stories, but it's also riddled with the most controversy. The sector lost $1.3 billion due to exploits in 2021
Jack Dorsey and Elon Musk Raise Concerns Over Web3 as Skepticism About Ownership Grows
23.12.2021
Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to...
Bank for International Settlements States True Decentralized Finance Is an ‘Illusion’
8.12.2021
The Bank for International Settlements (BIS), a finance organization comprised of several central banks, has stated that while the objective of decentralized finance is to move control of financial tools away from current financial institutions, it just provides an ‘illusion’ of doing...
The Ethereum Premine Debate On Fairness, Regulation, and Centralization
7.11.2021
You may not be aware of this, but back in July 2014, Ethereum (ETH) had a premine in which around ETH 60m (worth around USD 272bn now) tokens were sold for a total of USD 18.3m, while 12m was kept aside for early contributors and the Ethereum Foundation. At ETH 72m, this total accounts for around...
USD 230M Avalanche, Binance Centralization, Influential Vitalik + More News
16.9.2021
e/">AVAX tokens, according to Bloomberg. Other participants in the token sale included R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Curre
Tether Frozen in Poly Hack Returned to Owners, Fuelling Centralization Debate
26.8.2021
The tether (USDT) that was frozen by its issuer Tether during the recent Poly Network hack have been returned to their rightful owners, Tether announced. However, this has raised concerns that this particular part of the cryptocurrency space is not as decentralized as it claims to be.
On Wednesday...
SEC boss says DeFi platforms are ‘highly centralized’ and will need to register
20.8.2021
SEC chairman Gary Gensler stated that many DeFi projects are “highly” centralized in certain aspects, as they are developed by a “core group of folks” who are incentivized to promote their platforms
Crypto Mom: True decentralization is the only thing that will save DeFi projects
6.8.2021
SEC Commissioner Pierce believes that DeFi founders’ only hope to bypass financial regulation is to ensure full decentralization from launch
Binance Centralization, Bullish Pilot, Monero Bug, Mastercard Program + More News
27.7.2021
Changpeng Zhao, CZ. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Exchanges news
Binance wants to set up regional headquarters and be recognized by local regulators as a financial...
A decentralized app store might lead crypto toward more centralization
17.7.2021
On the inevitable journey into the mainstream, crypto might replace one gatekeeper with another. Are we ready for this sacrifice?
'Fiat-Like' Proof-of-Stake Chains Favor Centralization & Rich Players
5.6.2021
In crypto, consensus often results in controversy. Sure, consensus mechanisms themselves obviously result in agreement concerning transactions, yet when it comes to picking the ideal mechanism for a particular chain or cryptoasset, the crypto community as a whole is very often in disagreement.
One...
Mass adoption may take crypto toward centralization
11.4.2021
With mass adoption comes the risk that cryptocurrency may lose one of its core value propositions: decentralization
South Korea faces strict crypto regulation and fears of centralization
24.3.2021
The growing cost of compliance in South Korea could push smaller crypto businesses out of the country