Cointelegraph By Zhiyuan Sun
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CertiK’s identification of Crypto Cars as ‘rug pull’ was a false alarm
Cointelegraph By Zhiyuan Sun - 0
In a period of market downturns, rumors of crypto bans, and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and sometimes erroneously fear for the worse. The day prior, CertiK, a leading cybersecurity ranking platform in the blockchain...
Daniele Sestagalli discusses Wonderland’s future after QuadrigaCX co-founder dox
Cointelegraph By Zhiyuan Sun - 0
On Friday, Daniele Sestagalli, co-founder of decentralized finance, or DeFi, protocol Wonderland and stablecoin protocol Abracadabra, issued a statement on the path forward after the doxing of his colleague Michael Patryn:“Do we wind down or continue to fight for the aspect of an investment DAO being a...
Fidelity Investments appeared undeterred by the U.S. Securities and Exchange Commission's, or SEC's, rejection of its Wise Origin Bitcoin Trust spot exchange-traded fund (ETF) on Thursday. Following the setback, the company filed two more prospectuses involving crypto-metaverse ETFs for regulatory approval. The proposals are for the Fidelity Crypto Industry...
LeBron James and Crypto.com team up for blockchain education initiative
Cointelegraph By Zhiyuan Sun - 0
In a press release published Friday, three-time NBA champion and Los Angeles Lakers forward LeBron James will partner with digital currency exchange Crypto.com to support educational and workforce development opportunities focused on Web 3.0. Specifically, as told by local news outlet Akron Beacon Journal, the partnership will help...
Anchor protocol’s reserves head toward depletion due to lack of borrowing demand
Cointelegraph By Zhiyuan Sun - 0
Anchor, the flagship savings protocol of the Terra Luna (LUNA) ecosystem, has seen its reserves decline by 35.7% in the past seven days, according to Terra.Engineer. Since the beginning of December, the amount of Terra USD Stablecoin (UST) held in the "terra1tmnqgvg567ypvsvk6rwsga3srp7e3lg6u0elp8" smart contract has declined by over 50%,...
Vitalik Buterin suggests making NFTs ‘soulbound’ like World of Warcraft items
Cointelegraph By Zhiyuan Sun - 0
In a blog post published Wednesday, Vitalik Buterin, co-founder of Ethereum (ETH), expressed his wishes to make nonfungible tokens, or NFTs, soulbound as with the namesake item class in popular MMORPG World of Warcraft, or WoW. In outlining his reasons, Buterin explained that if someone shows they own...
Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success
Cointelegraph By Zhiyuan Sun - 0
According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked...
Axie Infinity devs release governance token for Ronin Blockchain to mixed player response
Cointelegraph By Zhiyuan Sun - 0
On Thursday, Sky Mavis, the creator of monster-battle game Axie Infinity, released its much-anticipated RON governance token. The token is based on its Ethereum (ETH) sidechain Ronin Network. Its purpose includes paying for transactions on Ronin, staking, and participating in community proposals.According to its developers, Ronin has over 250,000...
On Thursday, a proposal to fund decentralized autonomous organization zkDAO passed via treasury protocol BitDAO with close to 200 million votes cast. The proposal was authored by Matter Labs — the organization behind Ethereum scaling protocol zkSync — and Mirana Ventures.Utilizing zk-Rollups, zkSync and its family of technologies will build layer-2...
YouTube head of gaming Ryan Wyatt to resign and join Polygon Studios as CEO
Cointelegraph By Zhiyuan Sun - 0
On Tuesday, Ryan Wyatt, head of gaming at YouTube, announced he would be leaving the video-sharing platform in February. Partly due to his leadership, YouTube Gaming sees over 250 million daily logged users per day with hundreds of billions of watch time each year. Wyatt cited his passion...