The post Vitalik Buterin Responds to Charles Hoskinson’s Ethereum Criticism with Layer-Zero Update appeared first on Coinpedia Fintech News Ethereum, one of the most widely used blockchain platforms, has faced increasing scrutiny over its scalability issues, especially with the rise of Layer-2 solutions . As more users turn to platforms like Arbitrum and Optimism, questions about Ethereum’s ability to handle increasing demand have been raised. Recently, Ethereum co-founder Vitalik Buterin Vitalik Buterin Vitalik Buterin is a well-known tech geek, influencer, and computer programmer. To promote the blockchain, he started Bitcoin Magazine and provided blockchain information for cryptocurrency investors. In 2015, he co-founded Ethereum, a blockchain platform that contributed to decentralized finance. Quick Facts Full nameVitaly Dmitrievich ButerinBirth31-01-1994, Kolomna, RussiaEducationUniversity of WaterlooWife/PartnerTo be updated / Not MarriedFamous forEthereum, ETH, Blockchain advocate/promoter Net Worth$1B (refer for realtime) Buterin recognized the need for decentralized finance and used smart contracts to publish the Ethereum whitepaper. His contributions paved the way for Ethereum's transition to Proof-of-Stake, which proved to be scalable and effective. Furthermore, he introduced Ether (ETH), the blockchain platform's native coin.A Timeline of Vitalik’s CareerCo-founded Bitcoin Magazine (2011) – Established one of the first crypto publications, writing extensively on Bitcoin and blockchain.Authored Ethereum Whitepaper (2013) – Proposed a blockchain with smart contract functionality for decentralized applications (dApps).Co-founded Ethereum (2015) – Launched Ethereum after a successful $18M ICO, revolutionizing the blockchain ecosystem.Developed Ethereum Virtual Machine (2015–2016) – Created the EVM, enabling developers to build and deploy smart contracts.Worked on Ethereum Scalability (2017–2021) – Contributed to Layer 2 solutions like Rollups, Plasma, and Sharding.Led Ethereum’s Transition to Proof-of-Stake (2018–2022) – Helped develop and implement Ethereum 2.0, merging the Beacon Chain in 2022.Blockchain Research & Cryptography (2016–Present) – Focused on zk-SNARKs, privacy tech, and decentralized governance models.Philanthropy & Crypto Advocacy (2017–Present) – Donated millions in crypto for pandemic relief, AI research, and financial inclusion. Key Achievements of Ethereum's Co-founder Year AchievementsDetails2014Thiel FellowshipAwarded a $100,000 grant by Peter Thiel to work on Ethereum.2018Fortune 30 Under 30Recognized as one of the most influential young leaders in technology.2018World Technology Award in IT SoftwareHonored for contributions to blockchain and Ethereum’s development.2021Time 100 Most Influential PeopleRecognized for his impact on the global crypto and blockchain ecosystem.2022Ethereum’s Transition to Proof-of-StakeSuccessfully led Ethereum’s transition from Proof-of-Work to Proof-of-Stake. Other Useful links to connect with Vitalik Buterin PlatformLinkX (formerly Twitter)https://twitter.com/VitalikButerinGitHubhttps://github.com/vbuterinEthereum Official Websitehttps://ethereum.orgVitalik’s Bloghttps://vitalik.ca Entrepreneur Crypto and Blockchain Expert has offered a timely response to those concerns, especially following strong criticism from Cardano’s founder, Charles Hoskinson Charles Hoskinson Charles Hoskinson is an American entrepreneur and blockchain visionary. He co-founded IOHK, and Cardano (ADA), a blockchain project. He also co-founded the Ethereum blockchain platform.With the help of Cardano’s proof-of-stake (PoS) blockchain, Charles weighs on scalability, security, and interoperability to facilitate enterprise blockchain adoption. He directs research in Web3, cryptocurrency innovation, and decentralized governance through IOHK.Quick FactsFull NameCharles HoskinsonBirth05-11-1987 in Hawaii, United StatesNationalityAmericanEducationUniversity of Colorado Boulder, Metropolitan State University of DenverMarital StatusUnmarried as of 2025Net WorthEstimated around $700 millionCharles Hoskinson's work in cryptography, digital assets, and blockchain promotion has recognized him in the crypto. His efforts in developing blockchain have greatly contributed to the advancement of DeFi and blockchain networks globally.Charles Hoskinson - Professional Career Timeline2013 – Co-founded Ethereum (ETH), contributing to smart contracts and decentralized applications.2014 – Left Ethereum over governance disputes and founded IOHK (Input Output Hong Kong).2015 – Started developing Cardano (ADA), a third-generation blockchain with a proof-of-stake (PoS) model.2017 – Launched Cardano mainnet, introducing scalable and secure blockchain solutions.2019 – Led Cardano’s Shelley upgrade, enhancing network decentralization and staking rewards.2021 – Rolled out Alonzo hard fork, enabling smart contracts and DeFi on Cardano.2022 – Expanded Web3, governance, and blockchain adoption via Cardano’s Vasil hard fork.2023 – Advocated financial inclusion and blockchain education in Africa and developing nations.2024 – Advanced self-sovereign identity and on-chain governance with Cardano’s latest updates.Present – Continues shaping blockchain innovation, DeFi, and decentralized ecosystems through IOHK.He has collaborated with various tech experts and blockchain startups. Charles sees decentralized finance as a tool for financial freedom. He also educates crypto beginners through social media sites, conferences, and tech channels.Useful Links to Connect With Charles HoskinsonPlatformLinkX (formerly Twitter)Charles Hoskinson (@IOHK_Charles) / XLinkedIn profileCharles Hoskinson - Self-employed | LinkedInCardano FoundationCardano FoundationYouTube profilehttps://www.youtube.com/c/charleshoskinson Chief Executive Officer . “I don’t think Ethereum will survive more than ten or fifteen years. The Layer-2s will drain all the value, and users will migrate elsewhere, eventually getting eclipsed by Bitcoin,” said Charles Hoskinson. Vitalik Buterin’s Layer-Zero Update Buterin responded directly to Hoskinson’s comments, which predicted Ethereum’s collapse within 15 years if it continued relying heavily on Layer-2 solutions. In a bid to address these scalability challenges, Buterin unveiled an exciting Layer-Zero upgrade. This proposal suggests transitioning Ethereum from the traditional Ethereum Virtual Machine (EVM) to a more efficient zkVM system, based on RISC-V standards. The upgrade promises major improvements, including up to 832 times fewer cycles than the current EVM and a 95.7% reduction in proving cycles. These advancements are expected to increase throughput by 30 times through GPU acceleration, significantly improving the network’s efficiency. Plus, proof compression could shrink from 346MB to just 1.5MB, creating a much more streamlined system. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Charles Hoskinson Confirms XRP Integration and Midnight Airdrop for Holders , A Path to Ethereum’s Long-Term Growth However, this Layer-Zero update could potentially reshape Ethereum’s scalability, offering a new path forward that doesn’t rely on Layer-2 solutions. By improving the Ethereum base layer, Buterin’s proposal could reduce transaction fees and increase Ethereum’s competitiveness, especially against newer blockchain technologies . 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The Layer-Zero upgrade is a proposal to transition Ethereum’s base layer to a zkVM system, improving scalability and reducing transaction costs by enhancing the Ethereum Virtual Machine’s efficiency. Why does Charles Hoskinson believe Ethereum will not survive in the next 10-15 years? Hoskinson argues that Ethereum’s reliance on Layer-2 solutions will drain its value, causing users to migrate to other platforms, ultimately resulting in Ethereum being eclipsed by Bitcoin. What is the difference between Layer-2 solutions and the Layer-Zero upgrade proposed by Buterin? Layer-2 solutions operate off Ethereum’s base layer to enhance scalability, while Layer-Zero aims to improve Ethereum’s base layer itself, offering greater efficiency and reducing dependence on external solutions.
COINOTAG News reports that as of April 28th, data from IntoTheBlock highlights a notable increase in the **short-term holding** of **Bitcoin** among traders. This surge signals a potential revival in
In a significant move for the crypto retail landscape, Swiss supermarket giant Spar has announced its intention to implement Bitcoin payments across its stores in Switzerland. Following a successful trial
Ripple is enhancing its custody services and tokenization solutions for financial institutions. Significant investments have been made to strengthen its position in the crypto sector. Continue Reading: Ripple Accelerates Its Custody Services and Tokenization Solutions The post Ripple Accelerates Its Custody Services and Tokenization Solutions appeared first on COINTURK NEWS .
Can ETH turn things around and finish strong in Q2?
Crypto pundit ÐOGECAPITAL—known on X as @DimaPotts36—circulated a sweeping ten-year weekly chart that projects a late-cycle peak for the meme coin near double-digit territory. “DOGE $10+ DOGECOIN?!” he teased in the accompanying post, setting an audacious tone for what is otherwise a rigorously constructed piece of cycle analysis. Dogecoin Targets $10 Cycle Peak Potts’ chart is anchored by a rising, two-point regression channel whose lower rail began at Dogecoin’s 2015–2016 base near $0.0001 and now sits just under $0.12. The upper rail, which has acted as resistance in every prior mania phase, currently extrapolates to roughly $69.42 by late 2025—the level highlighted in red where Potts places the next speculative blow-off. Inside that corridor, price action forms three successive rounded bottoms, each capped by a descending yellow resistance line and undergirded by a red basing arc. The geometry alone implies mounting compression: the present triangle apex, lying at $0.17, is almost exactly where DOGE has been coiling for months. Related Reading: Before Dogecoin Hits $1, This Needs To Happen — Analyst Explains The engine driving the forecast is a proprietary dual-wave oscillator rendered as a thicker turquoise wave and a swifter yellow counterpart. Potts explains that “cycle tops have historically printed in two ways: an early top when the yellow wave dips below the green, and a late top when the yellow wave plunges under the horizontal red line at –0.00013.” Vertical purple bars mark every such event on the price chart. According to his archival reconstruction, the oscillator flashed a late top in February 2014, painted twin peaks in the 2017–2018 run, and signalled only an early top in May 2021 when DOGE notched its record $0.739 high. The early-cycle signal appeared on March 6 this year—leaving an expected late-cycle breach still on the table. “If this pattern holds,” Potts writes, “a cycle top is likely around the week of October 27th,” a moment the chart underscores with a final purple bar and a white arrow labelled “LATE TOP.” Related Reading: Can Dogecoin Realistically Reach $3? Analyst Weighs In That date dovetails with the oscillator’s predicted descent below the red threshold (–0.00013) and with the upper channel, which will then hover in the $60–70 range. Potts, however, grounds expectations by flagging $10 as a psychologically resonant milestone—the first round number one logarithmic order higher than the 2021 summit. Historical symmetry strengthens the call. In both earlier cycles, Dogecoin’s break of the yellow down-sloping lid unleashed vertical rallies that did not culminate until the upper white boundary was tagged. The geometry implies a similar stair-step may be at hand: a weekly close above the current yellow resistance, now parked just below $0.20, would enable a decisive push towards the upper rail. Potts remarks that “each cycle has touched the upper white curved trendline,” pointing to the channel’s remarkable predictive persistence. Whether the meme coin can repeat its parabolic history will depend on extrinsic factors—Bitcoin’s own halving cadence, global liquidity, and social-media-driven hype—but the oscillator’s track record is unblemished. As Potts puts it, “this indicator has accurately identified all cycle tops for DOGECOIN,” and until it proves otherwise traders will be watching the –0.00013 trigger and the integrity of the channel’s lower rail for confirmation of the next explosive rally for Dogecoin price. At press time, DOGE traded at $0.18. Featured image created with DALL.E, chart from TradingView.com
This content is provided by a sponsor. PRESS RELEASE. Singapore, 28 April, 2025 – As Layer 2 scaling solutions remain a focal point of industry discourse, Sonic presents a fundamental shift in blockchain architecture. HTX Research has announced the release of its latest report, “Sonic: A Model for the New DeFi Paradigm” The report dives
Singapore, Singapore, April 28th, 2025, Chainwire LBank , a leading global cryptocurrency exchange, has announced the upcoming “ Code Meets Law ” forum, set to take place on April 29, 2025, as a premier side event during TOKEN2049 Dubai. This landmark event aims to align crypto innovation with global compliance, fostering dialogue among regulators, industry leaders, and innovators to shape a trusted and sustainable Web3 ecosystem. Hosted at the prestigious Peregrine Ballroom, One&Only Royal Mirage, the forum will bring together 14 top-tier partners across the legal, regulatory, and infrastructure landscapes—including AWS, Deloitte, Elliptic , Fireblocks, and VerifyVASP. The event will feature two high-level panel discussions, offering practical insights into the future of compliant crypto infrastructure. Specifically, the first panel—titled “Smart Rules: Building Trust Through Embedded Compliance”—will feature Dr. Ayesha Binlootah, Assistant Vice President at the Virtual Assets Regulatory Authority (VARA), as the key speaker and will be moderated by Maleesha Gunawardana, LBank’s UAE Compliance Lead. Other industry leaders on the panel include ShihYun Chia, CEO at VerifyVASP; Dr. James Smith, Founder of Elliptic; and Jason Allegrante, Chief Legal & Compliance Officer at Fireblocks. By convening these influential voices, the forum aims to drive actionable insights, align innovation with regulatory excellence, and shape a secure, compliant future for Web3. The second panel, titled “Global Playbooks: Navigating Compliance Across Jurisdictions,” will be moderated by Harshil Agarwal, Senior Advisor at TLP Advisors. This session will feature a diverse group of experts: Will Liao, Head of Research & Innovation at PolyFlow; Sarah Xia, Head of Payment Partnerships of Wello; Mandy Ma, Senior Counsel at ALJAMHOR LAW; and Rajesh Mohan FRM CPA, Digital Assets, Treasury & Traded-Risk Management Lead at Deloitte Middle East. This panel will explore strategies for navigating the complex regulatory landscapes across different jurisdictions, offering actionable insights for global compliance in the Web3 space. “We’re excited to gather with regulators, compliance experts, and Web3 innovators at the upcoming forum to dive into the intersection of innovation and compliance, and explore where law meets technology,” said David Gu, General Counsel of LBank. “The UAE has set a global benchmark for the virtual asset space with its open and forward-looking regulatory environment, and we have great respect for VARA’s leadership in driving responsible innovation. ’Code is Law’ remains a powerful and relevant idea today, and this forum will build on that, sparking conversations and insights around bridging code with regulation, and innovation with compliance. We believe that dialogue, collaboration, and consensus are key to driving technology for good. We look forward to connecting with global thought leaders to help shape a trusted, resilient, and sustainable digital asset ecosystem.” About LBank Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 15 million registered users in more than 210 countries and regions. With a daily trading volume of more than $3 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets. As a pioneer in the Meme coin market , LBank has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors. Users can follow LBank for updates: Website: https://www.lbank.com/ Twitter: https://twitter.com/LBank_Exchange Telegram: https://t.me/LBank_en Instagram: https://www.instagram.com/lbank_exchange LinkedIn: https://www.linkedin.com/company/lbank For media requests, users may contact: Email: press@lbank.com ContactPR & Communications TeamLBankpress@lbank.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Crypto lender Nexo is resuming operations in the United States, two years after settling a $45 million fine with the SEC. Cryptocurrency lending firm Nexo is re-entering operations in the United States , nearly two years after settling a $45 million fine with the U.S. Securities and Exchange Commission over its unregistered lending product. Nexo returns to the U.S. market. We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment. 🧵 pic.twitter.com/WWF624Dr4f — Nexo (@Nexo) April 28, 2025 In an X announcement on Monday, Nexo revealed that retail and institutional clients in the U.S. will now have access to Nexo’s products, including “high-yield crypto savings accounts, asset-backed credit lines, advanced trading, and institutional-grade liquidity solutions.” Nexo’s return follows its settlement with the U.S. Securities and Exchange Commission in January 2023, after the Commission charged the company with failing to register its Earn Interest Product, a crypto lending offering marketed to U.S. investors. Nexo did not admit or deny wrongdoing in the settlement. You might also like: Exclusive: Nexo expands card to Switzerland, Andorra The company had faced additional legal challenges. In early 2024, Reuters reported that Nexo aimed to recover $3 billion tied to a stalled criminal investigation, which disrupted its plans for a U.S. stock market listing and a soccer sponsorship deal. Nexo representatives claimed the investigation damaged the company’s reputation and destroyed shareholder value. In January 2023, Nexo’s offices were raided by prosecutors who accused the platform of money laundering, tax crimes, and computer fraud between 2018 and January 2023. Nexo’s management denied all charges. In December 2023, the Bulgarian Prosecutor’s Office closed the criminal case, stating that investigators had found no evidence of money laundering, tax evasion, or other crimes. Read more: Bitcoin and Ethereum gaining traction for bullish 2025, Solana looks stagnant: Nexo
Casper price gained momentum on Monday as it rallied over 130%, making it one of the best-performing tokens in crypto. CSPR, the native token of the Casper Network, shot up to an intraday high of $0.023 on April 28, its highest point since Dec. 9 last year. From its lowest level this year, the token has now surged more than 180%. Its market cap climbed to around $215 million, while daily trading volume exploded by nearly 2,500% from the previous day, hovering around $115 million. The surge coincided with a sharp increase in futures open interest, which hit a 5-month high of $6.64 million, way up from about $836k just a month ago, per data from CoinGlass. The simultaneous rise in price and open interest typically signals strengthening bullish sentiment. Funding rates have also stayed positive for the last six days, meaning traders going long are paying less than those betting against the token, a clear bullish signal. Meanwhile, on-chain data shows more holders are moving their tokens off exchanges. In just the past two days, over $1.7 million worth of CSPR left trading platforms. Exchange outflows are typically a bullish sign, as they suggest investors are moving their tokens into self-custody wallets, reducing immediate sell pressure. You might also like: Bitcoin dips below $94,000 as ETFs record $3b weekly inflow CSPR’s gains today can be primarily attributed to a surge in investor interest ahead of its Casper 2.0 upgrade, scheduled for May 6. This update aims to boost the network’s speed, security, and developer experience. The team called it “a leap forward for the Casper Network and a defining step toward bridging the real-world economy with Web3” in an April 22 post on X. Moreover, community sentiment has been buoyed by broader changes within the project’s leadership . According to a community member, Nick, the team associated with past delays and unmet promises has been replaced. He believes that the network is under stronger management, with renewed focus and execution, following positive impressions from interviews conducted late last year. The crypto community appears bullish on CSPR, with CoinMarketCap’s social sentiment metric showing 92% of traders expecting short-term gains while its social sentiment has flipped positive. Growing traction among investors has also pushed the altcoin to trend on Google. CSPR price analysis On the 1-day USDT chart, CSPR recently broke out of a descending parallel channel it had been stuck in for the past five months. Breaking out of a pattern like this usually signals a trend reversal, and a fresh move higher could be in the cards. CSPR price, MACD and Aroon chart — April 28 | Source: cry p to.news The MACD lines have also turned upward, showing growing bullish momentum. On top of that, the Aroon Up is at 100% while the Aroon Down sits at 0%, showing clear dominance by buyers. Hence, CSPR looks poised to rally toward $0.024, its December high and a key resistance it failed to break twice in the second half of 2024. The target is about 45% above its current price. CSPR RSI chart — April 28 | Source: crypto.news However, the RSI has stayed in overbought territory for the past two days, suggesting the token could be due for a short-term cooling period before its next leg higher. At press time, Casper Network ( CSPR ) was trading at $0.016 per coin. Read more: Crypto breaks $3 trillion as bond vigilantes tame tariff fears Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.