Last week, SEC Chairman Gary Gensler told crypto news outlet The Block that staking via third parties may qualify as a securities contract. The comments may challenge key concepts related to Ethereum’s PoS system.
Blockchain applications are tested in practice spaces unable to simulate the full range of scenarios under which the tech is expected to perform. As such, events such as Solana’s outage will likely continue to be a feature of blockchains and their applications.
Yesterday, a fraudulent press release announced that Walmart had partnered with Litecoin (LTC) to begin accepting payment in the crypto. LTC rose by as much as 39% on the news before paring losses in the aftermath.
Mastercard has announced its acquisition of Menlo Park-based crypto analytics and tracing firm CipherTrace. The deal signals broad ambitions for crypto by Mastercard and that its plans for the space are moving forward.