Ethereum has finally completed the long-awaited transition from Proof of Work to Proof of Stake. https://twitter.com/koeppelmann/status/1570306606339964929 The Merge deemed total success The first post-merge block on Ethereum was successfully created on Thursday, September 15 at 6:44 UTC and reached finality a few minutes later. Surprisingly, the mainnet Merge went down a lot more smoothly than anticipated from experience gathered from the numerous...
CoinGecko co-founder Bobby Ong has revealed his strategy for all potential fork tokens that may emerge as the result of Ethereum’s transition to Proof of Stake. https://twitter.com/bobbyong/status/1566616585015422976 How to obtain fork tokens In August, Chinese miner Chandler Guo announced that he wants to fork the Ethereum blockchain ahead of its full transition into PoS in order to keep its existing Proof of...
Twitter has deleted the channel @nuri0x after negligently letting it run a frontrunning bot scam for at least six weeks.  Twitter reacts to 1inch complaint On July 20, "on-chain sleuth" ZachXBT posted a thread warning about the Twitter channels @nuri0x and @MEVbots (formerly MEVtechs). Nuri0x claimed to be a former 1inch employee who has now founded a company that sells frontrunning...
Earlier this month, crypto influencer Ben “BitBoy Crypto” Armstrong sued Atozy on the grounds of defamation, but as it seems now, he fell victim to the Streisand effect. Atozy defends against former crypto shill Nine months ago, Atozy, whose real name is Erling Mengshoel, uploaded a video to his YouTube channel with over 1.2 million subscribers, titled “This YouTuber Scams His...
The CeFi lending service Hodlnaut has filed for creditor protection in Singapore, placing all of its assets under judicial control. https://twitter.com/hodlnautdotcom/status/1559369975638491136 Hodlnaut protected from liquidation (for now) In the last week, the Singaporean crypto lender Hodlnaut became the latest CeFi platform to suspend withdrawals for its customers. In a last-ditch effort to save the company, they have now filed for creditor protection.  This...
The Office of Foreign Assets Control (OFAC) has placed the Ethereum-based coin mixer Tornado Cash on its list of Specially Designated Nationals. Tornado Cash banned in the US On Monday, the US treasury announced that Tornado Cash, including 44 of its smart contracts, was placed on OFAC’s SDN list. This prohibits US citizens, residents, and companies from interacting with the popular...
With the approximate date for the Merge bow revealed, a Chinese miner is planning for yet another insurrection.  https://twitter.com/coinhardo/status/1554771376086478848 ETC or ETH PoW According to an announcement on Twitter by the high-profile Ethereum miner Chandler Guo, there will be a hard fork to preserve Ethereum's Proof of Work consensus mechanism once the Merge rolls around in September. Guo also set up a...
The legal firm Bragar Eagel & Squire has filed a class action lawsuit against Terra founder Do Kwon, Terraform Labs, and other defendants. https://twitter.com/CartelsLounge/status/1551548727164342273 Harsh allegations against the whole Terra ecosystem This is the second class action lawsuit against Terralabs. In the last week, another law firm, Scott+Scott, launched a similar one. Both lawsuits target Terra founders Do Kwon, Terraform Labs Head...
The former CeFi behemoth Celsius has unveiled plans for a complete restructuring of their business model, which includes setting up new Bitcoin mining facilities. https://twitter.com/CelsiusNetwork/status/1547375324622618624 Celsius finally breaks the silence On July 14, Celsius announced that they have filed for a Chapter 11 bankruptcy. While this is generally regarded as the most complex and expensive bankruptcy procedure under US law, it allows...
Ethereum co-founder Vitalik Buterin has responded to critics of the upcoming shift to Proof of Stake for the leading smart contract platform. Are PoS coins securities? Among the critics was SwanBitcoin’s Nick Payton, who claims that the switch to Proof of Stake would make Ether a security.  https://twitter.com/NickDPayton/status/1546609038787575811 A few days prior to that, MicroStrategy CEO Michael Saylor called ETH an “obvious security”...
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