Ethereum’s move from Proof of Work (PoW) to a Proof of Stake (PoS) consensus system has slashed its energy usage. It has also boosted profits for stakeholders and validators in its network. A major source of those profits is a controversial algorithmic practice called Miner Extractable Value (MEV). MEV bots employ questionable and illegal tactics… Read More Are MEVs Necessary?
One of the most interesting moments during the two days of hearing to understand and evaluate Facebook’s Libra project occurred when Congresswoman Katharine Porter (D-CA) asked panelists which regulators were appropriate for the cryptocurrency. “I am not sure if this (Libra) is a problem for my investor protection subcommittee or my consumer protection subcommittee,” she… Read More What Did The Facebook Libra Hearings Accomplish?