Messari, a blockchain intelligence and analytics firm, has tweeted about the risk of censorship on the Ethereum network, a concern that has been heightened since the sanctions imposed by OFAC on the Tornado Cash platform. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Censorship on Ethereum?
📍Messari warns of potential censorship risks on Ethereum. Blockchain intelligence firm Messari has indicated that the number of network validators now compliant with the Office of Foreign Assets Control (OFAC) regulations of the United States Department of the Treasury has increased to 52% currently. This is a result of a large number of node validators on the network opting to use OFAC-compliant MEV-Boost relays.
The intelligence firm warned that Ethereum's successful transition from the Proof of Work consensus protocol to the Proof of Stake consensus protocol has brought with it increased risks to the blockchain network's decentralization and censorship resistance.
However, as the Bankless newsletter clarifies, so far, many Ethereum validators are using censorship-free relays, such as BloXroute and Manifold, and are therefore building blocks as usual on the network.
Concerns about censorship after The Merge have heightened since the sanctions imposed by OFAC on the open source protocol Tornado cash in August.
State of the crypto market
📍The cryptocurrency market has been moving almost horizontally over the past week. The most capitalized cryptocurrencies in the industry have not seen any major changes in their respective prices over the past 7 days. Volatility seems to be absent from the crypto market this past week.
Bitcoin (BTC) continues to trade above $19.000 per unit, while the price of Ethereum (ETH) remains above $1.300 at the time of writing. The weekly growth shown by these two cryptocurrencies since last Monday varies between 0,9% and 1,7%, according to data from CoinMarketCap.
However, according to the on-chain data analyst known on Twitter as “Prof. Chaine,” crypto winter may be coming to an end for the fourth time in cryptocurrency history. The analyst Held By late September, long-term investors have been accumulating bitcoins and the cryptocurrency has reached levels of maturity similar to those seen in previous bear markets, which preceded the following ones. Bull run.
Last week, Prof. Chaine also reminded that the number of active Bitcoin addresses continues to grow cycle after cycle, slowly but surely.
80.000 new holders join Dogecoin
📍According to CoinMarketCap data, the number of Dogecoin holders has grown by 1,75% since the end of July. Currently, there are 4.456.459 unique addresses holding or maintaining DOGE, the native token of Dogecoin.
The number of active Dogecoin addresses has skyrocketed over the past week, adding over 80.000 new addresses to the network.
Source: CoinMarketCap
Continue reading: Asia leads global adoption of cryptocurrencies
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