Retired, finally. I enjoy learning about crypto and sharing my discoveries. Also, I follow the News closely and enjoy discussing current events. I have no political agenda, but advance views based in reality with a slant toward real world consequences.
2 Nov 2022 2 minute read 1 comment kev_nag
Deribit, a crypto derivatives exchange based in Panama has suffered a loss of approximately $28 million in a hot wallet compromise exploit. As a result of the exploit, Deribit has halted all withdrawls from the protocol. [See, e.g. Partz, H. Deribit...
1 Nov 2022 4 minute read 2 comments kev_nag
“In December 2020, the SEC said it would sue Ripple, former CEO Christian Larsen, and current CEO Brad Garlinghouse for allegedly raising $1.3 billion through unregistered securities sales using XRP. This announcement was made almost two years ago” [...
30 Oct 2022 2 minute read 0 comments kev_nag
Cross-chain exchange and proof-of-bond network THORChain was halted [October 27] as the result of a bug causing non-determinism between individual nodes.’ At around 8:00 pm UTC, the THORChain team initially tweeted that developers were aware of a ch...
29 Oct 2022 7 minute read 1 comment kev_nag
Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias. In a lawsu...
29 Oct 2022 2 minute read 1 comment kev_nag
“Team Finance, a web3 infrastructure platform enabling businesses to secure tokens, suffered a hack that resulted in the loss of assets worth $14.5 million on Oct. 27, the firm tweeted” [Ghosh, M. Team Finance loses $14.5M to smart contract bug explo...
28 Oct 2022 3 minute read 0 comments kev_nag
“Cryptocurrency miner Core Scientific Inc., one of the world’s largest bitcoin miners, said Thursday that it may seek bankruptcy protection as it contends with the prolonged slump in bitcoin prices coupled with an increase in electricity costs. The c...
27 Oct 2022 3 minute read 1 comment kev_nag
By far not a new and novel concept, but “[b]lockchain tech firm Laguna Labs has launched a testnet for its in-development ‘flatcoin’ — a spin-off of stablecoin tokens — pegged to the cost of living rather than a fiat currency or a commodity” [Quarmby...
26 Oct 2022 5 minute read 3 comments kev_nag
Introduction Given the current inflationary ailments present in the World’s economy (as well as the other maladies, i.e. employment, crypto winter, etc.), it is no wonder that assets are battling to earn the title of ‘safe haven’. And it should be of...
25 Oct 2022 2 minute read 1 comment kev_nag
In 2021, the stablecoin market saw a growth of close to 400%, growing from $29 billion dollars in January to over $140 billion by the end of December. Many analysts, including Peter Johnson of Jump Capital, believe that this number will rise to over...
24 Oct 2022 5 minute read 1 comment kev_nag
“The world of finance runs on liquidity. Without available funds, financial systems grind to a halt. DeFi, or decentralized finance—a catch-all term for financial services and products on the blockchain—is no different. DeFi activities such as lendin...
