According to Odaily, Ethereum Foundation researcher Justin Drake has expressed that Solana's golden era is nearing its end and will not pose a threat to Ethereum. Despite Solana's strong growth momentum, Drake emphasized Ethereum's focus on long-term gains. He stated, "Solana is currently at its peak, but I believe this marks the end of Solana's golden era. The fundamental architectural differences mean that Solana's competitive advantages in latency and throughput will eventually disappear, making it less scalable." Currently, Ethereum developers heavily rely on Layer 2 solutions to offer faster and more cost-effective transactions. Drake noted, "I believe Layer 1 is competing with Bitcoin, while Layer 2 is competing with Solana. Therefore, competing with Solana is not even within the scope of Layer 1's responsibilities. We should focus on competition in terms of security and health. Thus, if Solana faces any competition, it needs to come from applications and Layer 2."

According to Odaily, Circle has announced that its regulated subsidiary has become the first stablecoin issuer to commit to complying with the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) requirements for Value-Referenced Crypto Assets (VRCAs). This development facilitates the availability of Circle's USD-pegged stablecoin, USDC, on registered crypto asset trading platforms within the Canadian market. The commitment by Circle's subsidiary marks a significant step in aligning with Canadian regulatory standards, ensuring that USDC can continue to be offered on platforms that meet VRCA requirements. This move is particularly crucial as the CSA has set a deadline of December 31, 2024, for registered crypto asset trading platforms to delist non-compliant stablecoins. By adhering to these regulations, Circle aims to maintain its presence in the Canadian market, providing a compliant and secure option for users seeking stablecoin transactions. Circle's proactive approach in meeting the OSC and CSA standards underscores its dedication to regulatory compliance and its strategic positioning within the evolving landscape of digital assets in Canada. As the deadline approaches, other stablecoin issuers may follow suit to ensure their offerings remain available on Canadian platforms, highlighting the growing importance of regulatory adherence in the crypto industry.

Rep. French Hill announced plans to intensify scrutiny of alleged efforts by regulators to cut off crypto businesses from banking services, citing concerns raised by industry leaders and recent public statements by venture capitalist Marc Andreessen. Hill, who is in contention to lead the House Financial Services Committee next year, voiced his concerns during a […] The post Congressman French... source: https://cryptoslate.com/congressman-french-hill-vows-to-probe-banking-exclusion-of-crypto-businesses/

Circle announced that its regulated subsidiary has become the first stablecoin issuer to commit to comply with the Ontario Securities Commission (OSC) and Canadian Securities Administrators (CSA) Value Reference Crypto Assets (VRCAs) requirements. This helps Circle's US dollar-denominated stablecoin USDC be available on registered crypto asset trading platforms in the Canadian market. Registered crypto asset trading platforms operating in Canada and complying with VRCA requirements can continue to offer USDC after the CSA's deadline of December 31, 2024 to delist non-compliant stablecoins.

Justin Drake, a researcher at the Ethereum Foundation, said that Solana's golden age is coming to an end and it will not pose a threat to Ethereum. Despite Solana's strong development momentum, Drake said that Ethereum is focused on long-term gains. He said: "Solana is at its peak now, but I think this will be the end of Solana's golden age because all of Solana's competitive advantages in latency and throughput will disappear because the fundamental differences in the architecture make it non-scalable." Currently Ethereum developers rely heavily on Layer 2 to provide faster and lower transaction fees. Drake said: "I think Layer 1 is competing with Bitcoin, and Layer 2 is competing with Solana. Therefore, competing with Solana is not even within the scope of Layer 1's responsibility. We should compete in terms of security and health. Therefore, if Solana has any competition, it needs to come from applications and Layer 2."

null source: https://x.com/Bitcoinsensus/status/1864421444572090564

India Blockchain Week 2024 kicked off on Wednesday bringing together top crypto, DeFi, and blockchain leaders to discuss the nation’s Web3 evolution. The first day of this year’s edition looked to dive deep into major topics that have impacted the ecosystem lately. It primarily focused on regulations, security, risks, and user awareness. The increasing focus […] source: https://www.cryptopolitan.com/crypto-regulations-security-risk-buzzes-india-blockchain-week/

Bitcoin recently surged past $99,000, marking a significant rebound for the world’s largest cryptocurrency. The post Bitcoin Gains Momentum, Setting Sights on the $100K Milestone appeared first on Cryptodnes. source: https://cryptodnes.bg/en/bitcoin-gains-momentum-setting-sights-on-the-100k-milestone/

null source: https://x.com/DaanCrypto/status/1864414625053462968

An analyst at the asset management giant Bernstein thinks Ethereum’s risk-to-reward ratio “looks attractive” given ETH’s relative underperformance recently. Gautam Chhugani, the managing director of Bernstein’s global digital assets division, notes that Ethereum’s total supply has remained mostly stagnant since the network transitioned to proof-of-stake and adopted a burn mechanism. “Yet,... source: https://dailyhodl.com/2024/12/04/725000000000-asset-manager-bernstein-says-ethereum-risk-to-reward-looks-attractive-for-four-reasons-report/

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