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.
27 Aug 2022 3 minute read 2 comments kev_nag
“The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million. The Synthetix protocol allows trade...
26 Aug 2022 2 minute read 0 comments kev_nag
“As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of struggle as it falls below its dollar peg” [Reguerra,...
25 Aug 2022 3 minute read 1 comment kev_nag
The recent US government sanction on virtual currency mixer Tornado Cash raised alarm bells in the cryptocurrency industry. Tornado Cash, an Ethereum-based coin mixer, has been sanctioned by the US Treasury Department’s Specially Designated National...
24 Aug 2022 4 minute read 2 comments kev_nag
Good bye Facebook and good bye Twitter. Don’t let the door hit you in the rear on your way out. Yes my friends, there’s a new kid in town - decentralized social media thanks to the continued development of Web 3. Today’s social media landscape is do...
24 Aug 2022 3 minute read 1 comment kev_nag
Trader Joe on Avalanche has proposed a method whereby the dreaded curse of ‘impermanent loss’ may be mitigated especially in the times of extreme market turbulence. Could prove to be a cure for one of DeFi’s major weaknesses. By way of reminder, impe...
22 Aug 2022 2 minute read 0 comments kev_nag
“On August 18th, the world’s largest Bitcoin ATM manufacturer, General Bytes discovered a security flaw. Hackers used a zero-day vulnerability to create an admin user account through the CAS admin panel. This resulted in Bitcoins being siphoned off b...
21 Aug 2022 2 minute read 0 comments kev_nag
“FTX has reportedly begun blocking accounts that have sent coins through zk.money, a private layer-2 chain provided by the Aztec Network on Ethereum. According to Twitter users, FTX has identified the DApp as a mixer — a service it deems a ‘high-risk...
20 Aug 2022 2 minute read 0 comments kev_nag
In a step toward greater transparency and better alignment with international accounting standards, stablecoin operator Tether Holdings Limited has tapped BDO Italia to conduct regular reviews and attestations of its dollar reserves. Tether, which o...
20 Aug 2022 3 minute read 0 comments kev_nag
Pennsylvania Senator Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gruenberg informing him of allegations made by a whi...
19 Aug 2022 3 minute read 0 comments kev_nag
“Interoperability protocol Celer Network has asked its users to revoke the approval for several contracts after shutting down its cBridge over a suspected Domain Name System (DNS) hijacking. According to the project’s initial analysis, there was susp...
