Ethereum Founder Vitalik Buterin Proposes Tweaks to Improve Decentralization and Reduce Consensus Overhead
Vitalik Buterin, the founder of Ethereum, has proposed changes to the network’s staking model aimed at improving decentralization and reducing the consensus layer’s computational burden. The proposal includes the introduction of a two-tiered staking system involving node operators and delegators. Buterin suggests that these changes could significantly reduce the number of signatures required for consensus, […]
HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs
The HKPF and SFC have formed a joint working group to enhance monitoring and investigation of illegal activities related to VATPs. The group aims to facilitate information sharing, assess risks, and collaborate on investigations. The move comes amid ongoing investigations into the unlicensed operations of the Dubai-based JPEX exchange. (Read More)
SEC Files Application to Compel Elon Musk’s Compliance with Subpoena
The U.S. Securities and Exchange Commission (SEC) has filed an application to compel Tesla CEO Elon Musk to comply with an administrative subpoena. The SEC is investigating Musk’s 2022 Twitter stock purchases and his related statements and SEC filings. Despite initially agreeing to testify, Musk later refused to comply with the subpoena, prompting the SEC […]