Morning Post - September 30

policy

▌Deutsche Telekom Offers Ethereum Blockchain Staking

Deutsche Telekom is the latest to launch an ethereum staking service after the ethereum blockchain moved to proof-of-stake earlier this month. Its T-Systems MMS subsidiary will host validator nodes for the blockchain and provide custody solutions for liquid staking solution StakeWise. Deutsche Telekom will also participate in the governance of the StakeWise decentralized autonomous organization (DAO). Dirk Röder, head of the Center for Blockchain Solutions at T-SystemsMMS: “As a node operator, our entry into liquid staking and our close cooperation with the DAO is something new for Deutsche Telekom.”

cryptocurrency

▌CFTC Chairman: BTC Price 'Could Double' With More Regulation of Crypto Market

CFTC Chairman Rostin Behnam raised the prospect that bitcoin would get a boost if Congress gave the commission more direct authority over the crypto market. Bitcoin could double in price if there was a CFTC-regulated market, Behnam told a panel at New York University. These incumbents in the crypto space see a huge opportunity for institutional influx, which can only happen if there is a regulatory structure around these markets. Former Treasury Secretary Larry Summers also told the audience at Circle’s Converge22 event last night that increased regulation could be good for the digital asset industry.

▌European Bitcoin Miners Move to Norway and Northern Sweden to Reduce Electricity Costs

Bitcoin miners across Europe have fled to Norway and northern Sweden to cut electricity costs as European energy prices soar and bitcoin continues to flatten. European gas prices hit a record high of 321 euros ($309) per megawatt-hour (mWh) in August, compared with 27 euros a year ago. Energy prices in Norway and the northernmost regions of Sweden are 10 times cheaper than in these regions. Fiorenzo Manganiello, founder of Switzerland-based mining company Cowa Energy, said the current macroeconomic situation is a disaster for the mining industry in Europe.

▌Survey: 17% of voters in 4 US states hold digital assets

According to the survey results released by crypto industry venture capital firm Haun Ventures, 13% to 19% of voters surveyed in Ohio, New Hampshire, Nevada, and Pennsylvania hold digital assets. Nineteen percent of voters surveyed in Ohio and Nevada said they own digital assets, compared with 13 percent in New Hampshire and 16 percent in Pennsylvania. The results of the poll suggest dissatisfaction across the political spectrum with the state of digital privacy and the level of power wielded by major digital platforms.