A new Ethereum privacy proposal suggests modular design and privacy tech can help the network align with EU GDPR rules while preserving decentralization. As the Ethereum ecosystem and its core principles evolve to address data privacy concerns, a new proposal recommends a modular compliance strategy as a path to reconcile public blockchains with the European Union’s General Data Protection Regulation (GDPR). On Monday, a proposal drafted by Ethereum community member Eugenio Reggianini suggested the use of modular architecture for effective data management and privacy. “By pushing personal data to the edges (wallets and DApps), using offchain storage with metadata-erasure, and splitting roles cryptographically, we can focus GDPR controller duties on a small set of entities, while the wider network becomes mere processors or falls out of scope,” Reggianini said. Read more
Kakao-backed blockchain Kaia joins South Korea’s stablecoin race as the tech giant’s payments app surges 30% on the stock market. Layer-1 blockchain Kaia has pledged to launch a South Korean won-based stablecoin following the Wednesday inauguration of President Lee Jae-myung, a left-leaning politician whose campaign included a series of crypto-friendly promises. Launching a won-based stablecoin is one of the crypto goals laid out during Lee’s campaign that set him apart from other crypto-friendly candidates. The issuance of stablecoins faces legal hurdles, as South Korea’s constitution grants exclusive authority over currency issuance to the central bank, the Bank of Korea. Read more
Kenya’s proposed 1.5% crypto transaction tax could disrupt Africa’s digital integration. As Kenya advances a 1.5% tax on every crypto transaction, the nation risks undermining its fintech leadership, driving startups and talent abroad. Opinion by: Chebet Kipingor, business operations manager at Busha As Kenya pushes forward with a revised 1.5% crypto transaction tax, it risks losing more than revenue — it could forfeit its regional fintech leadership, drive startups across borders, and fracture Africa’s digital economy before it can unify. Parliament is debating implementing the Digital Asset Tax (DAT) on every cryptocurrency transaction. While the intention to broaden the tax base is valid, the policy’s current form could deliver unintended consequences for Kenya and financial inclusion efforts across the continent. With over 450 million unbanked individuals in Africa, digital assets offer a real chance to leapfrog traditional infrastructure and extend financial services to underserved populations. This tax ...
Ether investment products saw $296 million in inflows last week despite a market slowdown, as investors await clarity from the US Fed’s June rate decision. Ether-based investment products led inflows among cryptocurrency-based investment products last week, despite an overall slowdown in investor activity as markets await clarity from the US Federal Reserve. Ether (ETH) exchange-traded products (ETPs) received $296 million of inflows last week, marking their best week since the 2024 election of US President Donald Trump, according to a Monday report from CoinShares. Ether-based investment products now make up over 10.5% of the total assets under management (AUM) of all crypto-based ETPs. Read more
Bitcoin analysts say BTC price could drop in the short term before initiating a rally to all-time highs above $140,000. Key takeaways: Bitcoin price may dip toward the $100,000-$104,000 range before new highs. CPI data on June 11 could trigger volatility, with higher inflation hurting Bitcoin. Read more
Benjamin Wallace has an amusingly direct way of trying to solve the identity of Bitcoin’s creator in his new book The Mysterious Mr Nakamoto. Benjamin Wallace has an amusingly direct way of trying to solve the identity of Bitcoins creator in his new book The Mysterious Mr Nakamoto. He just asks every possible candidate: Are you Satoshi Nakamoto? I still didn’t rule out the possibility that Nakamoto was frustrated no one had bothered to simply ask him, Wallace tells Magazine. It seems like every other week, theres another newspaper investigation, documentary or nonfiction book promising to unmask Satoshi. Read more
Improvements in Coinbase's machine learning models and infrastructure helped to cut the number of unnecessary account restrictions. Coinbase CEO Brian Armstrong said the crypto exchange has reduced unnecessary restrictions on its users by 82%, which has been a “major issue” for the exchange. In a June 6 X post, Armstrong acknowledged that account freezing has been a problem “for longer than is acceptable,” and that it has become a top priority for his firm to improve. “The issue has been reduced by 82% so far, with more improvements coming. We’ll keep you updated as further improvements roll out,” Armstrong said, before asking all customers with frozen accounts to contact Coinbase Support. Read more