Between the U.S. Treasury Department sanctioning coin mixer Tornado Cash earlier this month, and the long-awaited Ethereum merge quickly approaching, blockchain technologists are increasingly concerned that government regulations could impact the fundamental operation of Ethereum and its post-merge proof-of-stake consensus mechanism.
Coinbase CEO Brian Armstrong responded to a hypothetical scenario on Twitter today, saying that in the event of regulatory threats, his company would shut down its Ethereum staking service in order to preserve the integrity of the blockchain network.
The question was posed on Sunday by Lefteris Karapetsas, founder of open-source crypto analytics and accounting app Rotki. Karapetsas tagged several major Ethereum players, challenging them to choose between two options if government regulators demanded they censor specific addresses.
It's a hypothetical we hopefully won't actually face. But if we did we'd go with B i think. Got to focus on the bigger...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...