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.
18 Aug 2022 2 minute read 2 comments kev_nag
On Aug. 15, 2022, a federal court in the Central District of California entered an order authorizing the IRS to serve a John Doe summons on SFOX, a cryptocurrency prime dealer headquartered in Los Angeles, California, seeking information about U.S....
18 Aug 2022 3 minute read 6 comments kev_nag
“According to a new clarification by the Ethereum Foundation on Wednesday, the network’s upcoming proof-of-stake transitory upgrade — dubbed the ‘Merge’, — will not reduce gas fees” [Sun, Z. Ethereum Foundation clarifies that the upcoming Merge upgra...
17 Aug 2022 2 minute read 2 comments kev_nag
“Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) during its bankruptcy” [Sarkar, A. For greater good: N...
17 Aug 2022 5 minute read 2 comments kev_nag
“Cryptocurrency policy advocacy group Coin Center, from United States, expressed its intentions to pursue administrative relief for individuals affected by cryptocurrency mixer Tornado Cash sanctions, which have been initiated by the Treasury Departm...
15 Aug 2022 3 minute read 2 comments kev_nag
The crypto lending industry has experienced significant liquidity challenges, due to lenders’ inability to offer complete liquidity on assets that were lent out at the same time during the large bear market of 2022. In the midst of the turmoil, Zipm...
15 Aug 2022 3 minute read 0 comments kev_nag
On Sunday, a hacker took advantage of a bug on the iBTC/aUSD liquidity pool which resulted in 1.2 billion aUSD being minted without collateral. This event crashed the United States dollar-pegged stablecoin to a cent, and in response, the Acala team...
14 Aug 2022 2 minute read 0 comments kev_nag
Just some more in the latest saga of Vauld. Already, “[t]he Singaporean exchange cut its staff by 30% in June and halted withdrawals from its accounts at the beginning of July. Later that month, it sought protection from its creditors in Singapore. I...
13 Aug 2022 4 minute read 0 comments kev_nag
The Tornado Cash DAO community has voted in favor of adding the DAO’s governance as a signatory to the treasury’s multi-signatory (multisig) wallet. The treasury looks after about $21.6 million across three different wallets. This vote began on Wedn...
12 Aug 2022 4 minute read 3 comments kev_nag
RenBridge is pitched as a way to easily convert virtual currencies like ZCash and Bitcoin to the Ethereum network and then to other blockchains. But ‘as well as a legitimate tool, cross-chain bridges have also emerged as a key facilitator of money l...
11 Aug 2022 5 minute read 1 comment kev_nag
Introduction By now, that is unless you have been living under a rock, you must be aware of the upcoming merger of Ethereum giving rise to Ethereum 2.0 - Ethereum with a Proof of Stake consensus. Nonetheless, at that time a fork of the Ethereum chain...
