45% of ETH validators now complying with US sanctions — Labrys CEO
Labrys CEO Lachlan Feeney is trying to raise awareness amongst validators running Flashbots’ software that they may potentially be contributing to censorship within the Ethereum network. According to the CEO of blockchain development agency Labrys, Lachan Feeney, approximately 45% of all Ethereum blocks currently being validated run MEV-boost relay flashbots and comply with United States sanctions.Speaking to Cointelegraph in an interview on Sept. 30, Feeney noted that while reports have stated that 25% of all blocks validated since the Merge complies with US sanctions, this is a lagging....
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One month after the Merge, MEV-boost relays expanded its market share as block builders, data shows. One month after the Merge, 51% of Ethereum blocks were compliant with OFAC standards, according to blockchain development Labrys' data, as MEV-Boost relays take over market share. On Twitter, users highlighted how the figures represent a milestone towards censorship, as more blocks are under surveillance:We reached another sad milestone in censorship: 51% This means if the censoring validators would now stop attesting to non-censoring blocks they would eventually form the canonical, 100%....
The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national security” and the acts can help deter “unlawful aggression.”
Coinbase Intends to Comply With International Sanctions, Chief Legal Officer Says ‘Digital Assets Have Properties That Naturally Deter Sanctions Evasion’
Following the statements of the two chief executives from two of the largest crypto....
Bons noted that even with 50% OFAC compliance among Ethereum validators, blocks will still be produced within 30 seconds. Ethereum bulls have hit back against claims the network has become prone to censorship post-Merge, with one arguing that “not even a single” transaction has been censored on the network. In a 19-part thread to his 29,100 followers on Oct. 17, Cyber Capital founder and CIO Justin Bons argued that contrary to “what some Bitcoiners are falsely claiming,” not a single transaction on Ethereum has been stopped as a result of Office of Foreign Assets Control (OFAC) sanctions.....
There is a challenge of not overdoing EU sanctions against Russia, according to Binance head of sanctions Chagri Poyraz. In the weeks following new sanctions from the European Union, Binance has kept its doors open for non-sanctioned Russian nationals, but that does not mean that the firm isn't complying with EU sanctions, according to Binance’s newly-appointed sanctions executive.Western sanctions against Russia have been a major challenge for Binance from day one, and the firm has been working hard to comply, Binance’s global head of sanctions Chagri Poyraz told Cointelegraph in an....
Latest data from Glassnode shows that the number of Ethereum validators observed a significant increase this month, adding 11.4k to the total. Ethereum Active Validators Marked Increase Leading Up To And Following The Merge As per the latest weekly report from Glassnode, the rate of new validators joining the network has risen in recent weeks. […]