Crypto Market Overview August 16th | Dex-Trade

Crypto Market Overview August 16th | Dex-Trade

Buterin Agrees to Liquidate the Shares of Validators Who Supported the Censorship of ETH

Blogger Eric Wall is holding a Twitter vote to find out if members of the Ethereum community consider the censorship of the ETH protocol by crypto providers an attack on Ethereum and whether they agree to the elimination of rates of such providers through social consensus. The founder of Ethereum, Vitalik Buterin, also participated in this vote and, quite predictably, voted to deprive companies and providers supporting ETH's notorious censorship of their stake in the coin's staking. That is, the rates of such companies, after the launch of the Ethereum 2.0 update, will simply be burned. By the way, Wall’s vote is based on a poll by Berlin-based developer Lefteris Karapetsas, who previously asked crypto service providers in the US and Switzerland whether they would consider censoring the Ethereum protocol by refusing to confirm certain transactions when requested by regulators. That is, the Wall poll actually offers the crypto community options for responding to open censorship of the crypto. The reason for both surveys was a tweet by user eylonverse X, which shows data from Dune analytics, according to which the majority of Beacon network validators, namely 66%, are likely to comply with the rules of the US Office of Foreign Assets Control (OFAC), which insists on censorship of crypto-assets.


Unexpected: Do Kwon Never Contacted South Korean Investigators After Terra Crash

In a recent interview with Coinage, the founder of Terraform Labs, Do-Kwon, revealed that Korean regulators have never contacted him or filed any charges in the case of the collapse of the Terra ecosystem. Kwon is currently in Singapore, and when asked by Coinage's Zach Guzman if he plans to return to South Korea, the entrepreneur said: “It’s kind of hard to make that decision, because we’ve never been in touch with the investigators. They’ve never charged us with anything.” Recall that after the infamous collapse of Terra's assets, a series of class-action lawsuits were filed against Do Kwon, the company and all its affiliates. Last month, South Korean authorities stepped up their investigation into Terra and ransacked the home of co-founder Daniel Shin. However, regulators from South Korea openly asked Kwon to cooperate with the investigation. In addition, the investigators made a formal request that Kwon notify the authorities of his return to the country. While no arrests were made, regulators have banned current and former Terra employees from leaving the country. Referring to this information, Kwon stated that he would cooperate with the authorities when the time was right. The interviewer also asked if there was any prospect of jail time for the founder of Terraform Labs, to which he philosophically said, "Life is long"...


The Long-Awaited BabyDoge Has Been Launched on Binance Smart Chain

For several months, the crypto community has been waiting for the launch of the sensational crypto exchange BabyDoge, which was inspired by the main meme-crypto, Dogecoin, and finally it happened: the developers announced the successful launch of the test network of the exchange on Binance Smart Chain (BSC). The BabyDoge testnet currently supports several important features designed to improve the DOGE ecosystem. These include functionality in DeFi, staking, and additional decentralization. According to the developers, the swap protocol will also support commission-free transactions and even allow BabyDoge tokens to be minted for free. Earlier, the project team reported that the number of BabyDoge holders began to grow rapidly. At the beginning of August, there were about 1,603,575 of them. This figure is expected to continue to increase as the meme token is popularized in the crypto community. By the way, at the time of writing, there are already more BabyDoge owners than Dogecoin and Shiba Inu. Now BabyDoge is being actively burned by transferring tokens to a blocked address. As a result, the number of specific coins in circulation decreases, while the demand for them increases and, accordingly, their value increases. According to Crypto Basic, users can now buy Baby DogeCoin with 20 fiat currencies, including US dollars, euros, and pounds sterling.