Author: Blockto Team

Lawmakers’ counter-proposal could impose severe restrictions on decentralized finance, with critics warning it may “kill DeFi” in the U.S. A new proposal from Democratic senators has sparked intense backlash across the crypto industry, with critics warning that it could effectively ban decentralized finance (DeFi) in the United States. The move comes as Democrats reportedly introduced a counter-proposal to the bipartisan crypto market structure bill, seeking to tighten controls on DeFi applications and developers. “It’s so bad. It doesn’t regulate crypto — it bans crypto,” said Jake Chervinsky, a prominent crypto lawyer. “This is less of a regulatory framework and more…

Landing a job in the crypto industry has become significantly tougher for newcomers in 2025. According to a new report from Dragonfly Capital, only one in ten crypto roles are considered entry-level, signaling a sharp contrast from the 2021 boom when startups eagerly hired fresh talent to fuel rapid expansion. Crypto Firms Shift Focus Toward Experience and Efficiency The Dragonfly Capital survey, which analyzed data from 85 crypto companies and over 3,400 employees, found that senior and principal-level positions now dominate the industry — accounting for 37% of total roles. Meanwhile, engineering functions remain the backbone of hiring, making up…

Latest upgrade introduces smarter peer selection to prevent IP tracking and bolster network security The privacy-focused cryptocurrency Monero (XMR) has released its latest software version, “Fluorine Fermi” (v0.18.4.3), designed to combat spy nodes—malicious actors that attempt to link user IP addresses to blockchain transactions. The update, announced on Thursday via X, is labeled by the development team as a “highly recommended release” due to its critical privacy and stability improvements. New Update Targets Spy Node Surveillance In the Monero ecosystem, “spy nodes” refer to malicious or compromised nodes that monitor network activity in an effort to de-anonymize users. These nodes…

“Bitcoin Jesus” may avoid prison through tentative agreement after year-long legal battle Roger Ver, widely known in the crypto community as “Bitcoin Jesus,” has reportedly reached a tentative agreement with the U.S. Department of Justice (DOJ) over tax evasion and mail fraud charges filed in 2024. According to reports, the deal would require Ver to pay $48 million in back taxes, potentially allowing him to avoid prison time after months of legal disputes and extradition proceedings. Roger Ver’s Legal Dispute with the DOJ Ver was charged in April 2024 by U.S. authorities for allegedly evading taxes related to his cryptocurrency…

Square’s Bitcoin integration reignites debate over crypto’s role as everyday money Jack Dorsey, founder of Square and long-time Bitcoin advocate, has called on U.S. lawmakers to introduce tax exemptions for small Bitcoin transactions, arguing that such a move would accelerate the digital currency’s use as “everyday money.” His comments followed Square’s latest integration of Bitcoin payment services into its merchant checkout and point-of-sale systems on Wednesday. “We want Bitcoin to be everyday money ASAP,” Dorsey said, emphasizing that tax-free microtransactions are key to unlocking Bitcoin’s potential as a peer-to-peer payment system rather than just a speculative asset. Push for De…

ATOM price tests $4 zone amid declining momentum and fading DeFi inflows Cosmos (ATOM) continued its downward move this week, slipping toward the $4.00 support level after struggling to maintain momentum above the $4.50–$4.70 range. The latest price action underscores growing selling pressure as broader market sentiment weakens, with traders closely watching whether bulls can defend this critical support. According to the daily chart, ATOM has been trading within a tight consolidation channel since early August. After multiple failed attempts to break through resistance near $4.90, the token has retraced to a familiar demand zone between $3.90 and $4.10, where…

New Ethereum initiative introduces modular privacy tools, zero-knowledge recovery, and decentralized wallet protection Ethereum’s development community has introduced Kohaku, a forward-looking roadmap designed to enhance wallet privacy and security across the Ethereum ecosystem. The initiative aims to give users and developers greater control through modular, open-source tools that reduce reliance on centralized systems. Announced by the Ethereum Foundation, Kohaku represents a major step toward privacy-preserving infrastructure for the world’s largest smart contract network. The roadmap details new wallet functionalities powered by zero-knowledge proofs (ZKPs), peer-to-peer transaction handling, and device-level security integration. Kohaku: A Modular Framework for Wallet Security At the…

Bitcoin falls below $120,000 while Ethereum dips to $4,200 amid technical corrections and waning bullish pressure. The cryptocurrency market entered a cooling phase this week, with Bitcoin (BTC) and Ethereum (ETH) both facing renewed selling pressure after their recent rallies. Bitcoin has dropped below the $120,000 mark, retesting a major support zone highlighted by technical analysts, while Ethereum has slid toward the $4,200 level, suggesting a temporary pause in bullish momentum. According to market structure, Bitcoin’s recent pullback aligns with a retest of the green support region between $118,000 and $120,000, which previously acted as resistance before the breakout in…

BNB struggles to maintain upward momentum after recent rally amid volume contraction Binance Coin (BNB) saw a 3% decline today, retreating from its recent local highs and testing the $1,240 support zone. After a strong early October rally that lifted prices above $1,300, sellers appear to have regained control as the token consolidates within a tightening range. According to the 1-hour chart, BNB has entered a short-term correction phase following a parabolic advance earlier this week. The price action shows a clear breakdown from the ascending trendline that had guided the move since October 2. Currently, the asset is hovering…

Outage highlights blockchain’s reliance on centralized networks and sparks momentum for decentralized internet infrastructure Afghanistan’s nationwide internet blackout has reignited debate over the centralization risks within the global blockchain ecosystem. Despite being built on decentralization principles, major blockchain networks still depend heavily on centralized internet providers — a vulnerability exposed when Afghanistan’s connectivity went dark for nearly 48 hours earlier this month. The incident, which disrupted access for roughly 13 million citizens, demonstrated how government control or technical failures can undermine blockchain’s promise of censorship resistance. A Wake-Up Call for Blockchain’s Infrastructure Weakness According to early reports, the outage was…