After being elected a DAO delegate for the Ethereum Naming Service (ENS), the U.S. crypto exchange Coinbase has submitted its first protocol vote. A DAO delegate is an entity that has been given ENS tokens to serve as a representative for the best interests of the ENS community. Instead of individual ENS holders voting one by one on different issues,…
Cryptocurrency lending platform Celsius has reportedly lost over $50 million in the exploit of decentralized finance (DeFi) protocol BadgerDAO. As reported by Cointelegraph on Dec. 2, the attack targeted the protocol on the Ethereum network, reaping an unconfirmed $120 million in assets. According to one Redditor, the biggest alleged victim of the hack was an address that lost 896 Wrapped…
Roskomnadzor, the government body responsible for oversight of communications in Russia, is taking steps to block six more VPN providers. The move comes after the agency cut access earlier this year to a number of VPN services helping Russians to reach “banned” information. Roskomnadzor Moves to Block More VPNs in Russia The Russian Federal Service for Supervision of Communications, Information…
With Amazon Web Services (AWS) being one of the most popular cloud service providers on the planet, it’s no surprise that Coinbase, a cryptocurrency exchange based in the United States, is attempting to capitalize on its success by developing its own cloud infrastructure solution, Coinbase Cloud. “We want to be the AWS of crypto,” said Coinbase chief product officer Surojit…
intermediate This year, we see the MANA cryptocurrency becoming a top gainer week after week. There is no surprise! After all, Decentraland is one of the stars of the Play-to-Earn trend, which became popular in 2021 on the cryptocurrency market. How is the project developing now, and what can we expect from the price of the in-game MANA token? Let’s…
As 97-year-old investment veteran Charlie Munger continues scolding cryptocurrencies like Bitcoin (BTC), the crypto community is quick to respond to his latest comments. The vice-chairman of Warren Buffett’s Berkshire Hathaway spoke of crypto at Australia’s investor event, the Sohn Hearts and Minds conference, on Friday, reiterating his extreme skepticism to the industry, local news agency The Sydney Morning Herald reported.…
The Royal United Services Institute (RUSI) has published a report assessing the money laundering risks inherent in the NFT market, questioning whether the burgeoning digital art craze has become a “new frontier” for money laundering. “To start with, NFTs are most often purchased with cryptocurrencies on online marketplaces. Cryptocurrencies are routinely exploited for malicious means, such as obfuscating the source…
Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations regarding the regulatory treatment of online exchangers working with…
Charlie Munger, a prominent billionaire investor and the vice-chairman of Berkshire Hathaway, again lashed out at cryptocurrencies like Bitcoin, while also backing China’s decision to ban most crypto-related activity in the country. “The Chinese made the correct decision, which is to just simply ban them,” Munger said at the Sohn Hearts & Minds Investment Conference in Sydney, the Australian Financial…
Senator Elizabeth Warren (D-MA) has taken aim against New York-based Bitcoin mining firm Greenidge Generation, per Bloomberg. The Senator has written a letter to Jeff Kirt, CEO of Greenidge, raising concerns about the company’s impact on the environment. “Given the extraordinary high energy usage and carbon emissions associated with Bitcoin mining, mining operations at Greenidge and other plants raise concerns…
