Ethereum: The formation of this local top might mean this for ETH investors
During the intraday trading session on 4 November, leading altcoin Ethereum [ETH] traded at a seven-week high of $1,674, data from Santiment revealed. According to the on-chain analytics platform, this jump in price was not restricted to just ETH as other altcoins enjoyed from the “strong Friday market-wide pump.”
Ethereum: The formation of this local top might mean this for ETH investors
During the intraday trading session on 4 November, leading altcoin Ethereum [ETH] traded at a seven-week high of $1,674, data from Santiment revealed. According to the on-chain analytics platform, this jump in price was not restricted to just ETH as other altcoins enjoyed from the “strong Friday market-wide pump.”
Ethereum inches even closer to total censorship due to OFAC compliance.
The minting of OFAC-compliant Ethereum blocks on a daily basis has grown to 73%, adding to the community’s growing censorship concerns.Considering that protocol-level censorship is deterrent to the crypto ecosystem’s goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to enforce OFAC compliance on over 73%...
Ethereum inches even closer to total censorship due to OFAC compliance.
The minting of OFAC-compliant Ethereum blocks on a daily basis has grown to 73%, adding to the community’s growing censorship concerns.Considering that protocol-level censorship is deterrent to the crypto ecosystem’s goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to enforce OFAC compliance on over 73%...
