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.
29 Jan 2023 1 minute read 3 comments kev_nag
As it moves forward with a plan to suspend all of it’s front-end operations, Solana based DeFi protocol Friktion urges it’s usersto withdraw all of their funds from the platform. This information was announced by Friktion in a company statement dated...
27 Jan 2023 1 minute read 2 comments kev_nag
Core Ethereum Developer, Marius Van Der Wijden, has announced in a tweet the creation of a ‘shadow fork’ (a testing environment) ahead of implementation of staking withdrawals contained in the Shanghai upgrade. Photo Source This new ‘shadow fork’ was...
27 Jan 2023 2 minute read 0 comments kev_nag
Times are very tough for the stablecoin market in general, but algorithmic stablecoins have suffered the brunt. The Terra USD [UST] collapse caused much pain in the general crypto market with algorithmic stables being the worst hit. Photo Source [Not...
24 Jan 2023 2 minute read 1 comment kev_nag
In a report dated January 23. 2023, Bloomberg reported that BlockFi, the bankrupt crypto lender, plans to sell off $160 Million of Loans which are backed by approximately 68,000 Bitcoin Mining machines. This attempt at debt liquidation by BlockFi is...
24 Jan 2023 2 minute read 2 comments kev_nag
Mars Protocol was formerly one of the leading lenders within the Terra ecosystem. The Terra collapse erased approximately $60 Billion from the cryptocurrency market and Mars Protocol and Astroport Exchange experienced a combined $1.2 Billion decline...
21 Jan 2023 2 minute read 2 comments kev_nag
Many Bitcoin miners have either been searching for funding or thrown in the towel and filed Bankruptcy. But not CleanSpark. In fact, CleanSpark is expanding. This CleanSpark expansion consists of the groundbreaking for a new 50-megawatt BTC mining ce...
19 Jan 2023 1 minute read 1 comment kev_nag
In a Bloomberg report dated January 18, 2023, it was first noted that previously Genesis was considering a bankruptcy filing due to a liquidity crunch and an inability to raise capital. Now nevertheless, it is reported that Genesis is laying the nece...
18 Jan 2023 2 minute read 0 comments kev_nag
The top level management of FTX today met with the FTX Unsecured Creditors Committee so as to share critical preliminary information obtained since the commencement of the Chapter 11 proceeding (November 11, 2022). The FTX Debtors reported they have...
15 Jan 2023 1 minute read 1 comment kev_nag
Following weeks of discussion on the Polygon Improvement Proposal (PIP) forum, on January 12, 2023, Polygon posted a blog post wherein it officially confirmed that a hard fork will occur. The hard fork will happen at block 38,189,056 on January 17, 2...
15 Jan 2023 1 minute read 1 comment kev_nag
On January 12, 2023, Delaware Bankruptcy Court Judge John Dorsey approved the sale of four of FTX’s key units. [See, Kroll Restructuring Administration. NOTICE OF (I) SOLICITATION OF INITIAL BIDS, (II) PROPOSED SALE OF CERTAIN BUSINESSES FREE AND CLE...
