The trouble with automated market makers
June 10, 2022
Binance ends support for anonymous Litecoin transactions
Binance has decided to ban Litecoin (LTC) transactions sent through the most recent MimbleWimble (MWEB) upgrade from its exchange, noting that such transactions would now result in the loss of the related LTC. Binance isnt delisting LTC entirely, unlike other exchanges that have decided to remove the cryptocurrency. Among its changes, the latest Litecoin MWEB update ushered in privacy features. Binance’s decision to end support for these transactions comes as global crypto regulation remains an ever-present focal point in the industry.
Ethereum difficulty bomb delayed but network adoption still growing
The difficulty bomb, a key piece of the puzzle in Ethereums move to proof-of-stake (PoS), has been delayed. Put simply, the difficulty bomb makes mining on Ethereums current proof-of-work (PoW) chain undesireable in order to push everyone over to the PoS chain. Anticipated to occur in August, the move to PoS is has been dubbed The Merge by Ethereum. Ethereum developers recently concluded a successful testnet merge, which simulated how the real Ethereum PoS chain would play out.
72 of the top 100 coins have fallen 90% or more: Here are the holdouts
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