Features Crypto News by Thebittimes.Com

Coinbase, Consensys, and Paradigm are urging the U.S. Treasury to reconsider its proposed reporting requirements for crypto mixer transactions, citing a lack of specificity and concerns over resource allocation. In a comment to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Jan. 22, Coinbase stated that regulated platforms already comply with existing rules for recordkeeping and reporting of suspicious activities and illicit crypto mixing. The firm is particularly critical of the proposal’s requirement for crypto platforms to report all crypto mixing activities, including those serving legitimate purposes. Coinbase contends that this broad approach would lead to inefficient use of resources and unnecessary bulk reporting of non-suspicious transactions. Paul Grewal, chief legal officer of Coinbase, shared his thoughts in a Jan. 22 thread on X, emphasizing the need for more targeted measures. He believes a data dump without a monetary threshold ...

ConsenSys is discontinuing Truffle and Ganache web3 development tools, guiding developers to MetaMask’s Snaps and software developer kit (SDK) for dapp development. In a Sep. 22 post, ConsenSys announced plans to gradually discontinue its web3 development tools Truffle and Ganache and authorize developers to use MetaMask tools such as Snaps and SDK to build dapps. Consensys is announcing the sunset of Truffle & Ganache, as we shift our focus towards empowering developers with @MetaMask toolings like Snaps & SDK. Recognizing the significance of Truffle & Ganache, we are partnering with @HardhatHQ to facilitate a smooth transition — Consensys (@Consensys) September 21, 2023 The latest news has stirred nostalgia among Ethereum developers who began their careers with these toolkits. Georgios Konstantopoulos, CTO and partner at Paradigm, described the announcement as the “end of an era,” recalling his first smart contract written using the Truffle ...

“No sugar coating this, it's been a challenging few months,” said Truffle in a social media post on Sept. 22. Ethereum developers are gathering to salute the teams behind Ganache and Truffle, two toolkits that were once vital in the early days of Ethereum smart contracts. In a Sept. 22 post, Consensys announced the sunset of the two products amid a broader shift to Metamask Snaps and SDK. Consensys is announcing the sunset of Truffle & Ganache, as we shift our focus towards empowering developers with @MetaMask toolings like Snaps & SDK. Recognizing the significance of Truffle & Ganache, we are partnering with @HardhatHQ to facilitate a smooth transition — Consensys (@Consensys) September 21, 2023 Georgios Konstantopoulos, chief technology officer and partner at Paradigm described the announcement as the “end of an era,” sharing that he had written his first-ever smart contract on the Truffle Suite. Similarly, pseudonymous developer and popular crypto commentator...

A survey featuring respondents from all seven continents of the world suggests that Nigeria has the most crypto-aware populace globally. A global survey featuring respondents from 15 countries indicates that Africa’s largest economy Nigeria has the most cryptocurrency-aware populace in the world. Consensys and YouGov released the findings from the global Web3 perception survey, which sought to provide both macro and regional insights into the perception that different countries have towards crypto currencies and the wider Web3 ecosystem. A key takeaway from the data obtained from the qualitative survey was that two African nations rank highest for awareness of cryptocurrencies. This suggests that Nigerians (99%) and South Africans (98%) are more knowledgeable about Web3 than major economies like Great Britain, United States, Japan and Germany. Source: Consensys/YouGov Global Web3 Participation Survey. The survey included some 15,158 individuals living in 15 different countries betwee...