Ethereum and Istanbul, statement from SEC, Canaan Creative
A brief digest of the brightest and most interesting news👇
The Commission notes that a cryptocurrency can be sold as a security after issuance, meeting the definition of an investment contract. However, after a while, the digital asset may be sold or offered to other users no longer as an investment object.
📍Ethereum developers proposed to limit ASIC miners in Istanbul hardfork
EIP1057 or ProgPoW is a modified mining algorithm aimed at reducing the impact of ASICs, which has become the subject of fierce disputes within the community.
At the same time, part of the community believes that the fight against ASIC devices does not make sense at all, since Ethereum is already moving in the direction of Proof-Of-Stake (PoS).
📍Mining giant Canaan Creative raised hundreds of millions of dollars in investment
Chinese company Canaan Creative Co. Ltd, producing ASIC-miners, successfully completed a round of funding for hundreds of millions of dollars.
Now its capitalization exceeds $ 1 billion. The resumption of business activity can talk about restoring investor confidence in the long-term market prospects.