“Bitcoin, Ether, and Decentralized Coins Are Not Securities,” Says Belgium
Belgia's financial regulator has confirmed that Bitcoin, Ether, and other cryptocurrencies issued only by computer code are not securities. However, this contradicts the views of Gary Gensler, Chairman of the U.S. Securities Exchange Commission, who has a different...
Proof of Reserves (PoR) To Avoid Future CEXs From Liquidation
Binance and other big centralized exchanges plan to use the Proof of Reserves as an auditing technique to reassure their customers of the safety of their funds. As trust in its accounting of billions in assets disappeared, crypto exchange FTX went bankrupt at the...
Crypto Exchange FTX Has Filed for Bankruptcy Protection in the US
The Bahamas-based company, FTX.com crypto exchange, announced Friday (November 11, 2022) that the crypto exchange had filed for bankruptcy protection in the United States. Sam Bankman-Fried, the founder and CEO of FTX, has also resigned but said he would assist with...
Independent Blockchain Games Have More Users Than Top Metaverses
The largest metaverses have lower daily active users than other smaller and independent blockchain games. Top metaverses are trying to make things appear better than they actually are. The metaverse received a lot of attention in 2021 when the concept of non-fungible...
A $57 Million Lawsuit Against Terra Co-founder Do Kwon
Terra co-founder Do Kwon and others are accused of making fraudulent claims regarding UST, either knowing they were false and unverifiable or recklessly not caring if they were true or false. Do Kwon is the co-founder of Terraform Labs. In May 2022, the Terra...
New EU Rules for Crypto Exchanges and Russian Users
Many popular crypto exchanges have stopped operating in Russia. However, some platforms continue to serve the region. Nine months after the conflict between Russia and Ukraine, sanctions against Russia have grown at an aggressive rate. The European Union legislators...
Ethereum Centralization: Who Is Censoring ETH Transactions?
The Ethereum Merge was completed one month ago. Since then, Ethereum centralization has been on the rise. More and more Ethereum nodes have been censoring the network. As of October 2022, 51% of Ethereum blocks were compliant with OFAC standards, which are meant to...
BNB Chain Hacked, $100 M drained
On October 6, a glitch was discovered on the BNB Chain that allowed someone to create $570 million worth of BNB tokens. The BNB Chain was halted for a few hours while a software patch was created. The good news is that the hacker retrieved a smaller amount. BNB Chain...
P2E Grows: Number of Blockchain Game Users Explode
September 2022 brought a lot of interest and new active users to the blockchain games industry. New blockchain games, such as FootballCoin, appear on gamers’ radars. Many blockchain games registered an increase in user activity in September, as many play-to-earn...
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