The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding. Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31...Continue Reading

The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund. Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to...Continue Reading

According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations. Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could...Continue Reading

LayerZero is the protocol used by Stargate bridge, which has over $382 million locked in its smart contracts. Summa founder James Prestwich has accused the $382 million LayerZero bridging protocol of hosting a “critical vulnerability.”  According to a Jan. 30 post by Prestwich, this vulnerability “could result in theft of all user funds.” LayerZero CEO...Continue Reading

Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers? There are rumors that Dogecoin could switch from proof-of-work to proof-of-stake (PoS).  Do I know if Dogecoin is switching to PoS? No. Do I think it’s going to PoS? Probably not. But I love...Continue Reading

Brazil’s Luiz Inácio Lula da Silva and Argentina’s Alberto Fernández want to create a “common currency.” It sounds suspiciously like a state-controlled cryptocurrency. “Good ideas out of context are like shiny objects lost in a dark field,” American writer Seth Godin once said. “They catch your attention, but have no real utility.” Brazilian President Luiz...Continue Reading

Cyberpunk movies feature advanced technology, such as computers and the internet, in a dystopian future setting. Cyberpunk movies are a subgenre of science fiction that emerged in the 1980s. They typically take place in a dystopian future, often in a city characterized by high-tech, advanced technology and a breakdown of social order. They often feature...Continue Reading

The program aims to provide selected projects with upfront seed funding of $30,000 in addition to mentoring, masterclasses and support from industry experts. Blockchain startup accelerator Cronos Labs has announced the opening of applications for its second cohort of the $100 million-backed Cronos Accelerator Program.  The program, which begins on April 24, 2023, will last...Continue Reading

Bitcoin’s strong monthly performance translated to outsized gains in APT, GALA, T, MANA and SOL, making them the top performing altcoins in January. The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon...Continue Reading

This is the first Ethereum public test since the Merge upgrade in September 2022. Developers said further testnets would be triggered in the coming week. According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the “Zhejiang” public withdrawal testnet will launch on Feb. 1 at 3:00 pm UTC. Six days after Zhejiang,...Continue Reading