Aug 17, 2022Charging John Joseph Roets the Principal Architect Of DragonchainThe Securities and Exchange Commission has widened its anti-cryptocurrency crusade, charging John Joseph Roets, with raising $16.5 million in unregistered “crypto asset” securities offerings. The petition on Tuesday comes after the SEC claimed that popular cryptocurrency exchange Coinbase advertised unregistered securities on its platform in July. According to the SEC…Dragonchain2 min readDragonchain2 min read
Aug 16, 2022Regulators Exceeded Their AuthorityREGULATORS The crypto-advocacy group Coin Center is considering filing a legal challenge against the US Office of Foreign Assets Control (OFAC) regarding the sanctions against Tornado Cash. According to Coin Center’s director of communications Neeraj K. Agrawal, OFAC “has exceeded its statutory power by licencing the Tornado Cash smart contract. …Tornado1 min readTornado1 min read
Aug 16, 2022Biggest Ethereum Whale Earns Nearly $1 Billion in Less Than a MonthOn August 16, 2022 As ETH Breaks $2,000 the wealthiest wallet on the Ethereum (ETH) network had a value gain of about $1 billion over the previous 30 days. The whale known as Naruto increased its balance by about 50% from just over $1.98 billion on July 15 to more than $2.96 billion according to blockchain tracking firm Whalestats. Since there haven’t been any sizable deposits into the wallet over the last seven months, according to Etherscan, the wealthy investor’s success has mostly been attributed to merely holding ETH during the recent climb of the top altcoin.Cryptocurrency1 min readCryptocurrency1 min read
Apr 5, 2022Web3's promise is that we'll have all of the benefits of the internet, but with more privacy and a…Web3's promise is that we'll have all of the benefits of the internet, but with more privacy and a blockchain-based architecture to keep our data safer than before. That, at least, is the theory. In truth, Web3 is turning into a security nightmare, with a string of recent hacks leaving some to wonder if we should just hand over our money and data to Mark Zuckerberg and call it a day. The most recent security fiasco involves Axie Infinity, a play-to-earn game that was supposed to be the poster child for what Web3 can be. If you missed it, hackers got into the Ronin "bridge" between Axie and the Ethereum blockchain and stole $552 million (now worth $630 million, according to ETH's rise)—a astounding sum even in this crypto era.Launch1 min readLaunch1 min read
Mar 30, 2022Opera, a popular web browser, announced today that it will support up to eight additional…Opera, a popular web browser, announced today that it will support up to eight additional blockchain networks, making it easier to access decentralised programmes (dApps) and services. Popular projects such as Bitcoin, Polygon, and Solana, as well as StarkEx, Ronin, Celo, Nervos, and the Cosmos-based IXO, are among them. Polygon…Opera1 min readOpera1 min read
Mar 28, 2022High fees, according to Ethereum co-founder Vitalik Buterin, remain a serious barrier for the…High fees, according to Ethereum co-founder Vitalik Buterin, remain a serious barrier for the digital asset, posing a threat to the idea of a decentralised economy. During an interview with Time magazine, Buterin stated that as the transition to proof of stake (PoW) progresses, exorbitant fees are impeding Ethereum's usage. …Cryptocurrency1 min readCryptocurrency1 min read
