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.
14 Jan 2023 1 minute read 0 comments kev_nag
According to Bloomberg, a group of key creditors of crypto lender Hodlnaut Pte have rejected a proposed restructuring plan and are seeking liquidation of the assets of the beleaguered platform. Despite the results of a January 12 Hearing (wherein the...
13 Jan 2023 1 minute read 2 comments kev_nag
Even though thousands were affected by the massive $2.4 Billion Bitconnect fraud, a select group of 800 victims will receive a restitution distribution in the sum of $17 Million. This restitution fund represents a mere 0.7% of the total $2.4 billion...
13 Jan 2023 1 minute read 12 comments kev_nag
According to the Metamask team, this new cryptocurrency wallet scam is designed to affect careless users. What occurs is that the attackers ‘poison’ user’s transaction histories in their crypto wallet by sending bogus tokens worth $0 to said wallet....
12 Jan 2023 2 minute read 1 comment kev_nag
As set forth in a Medium post dated January 9, 2023, Cosmos stablecoin project e-Money (a Danish Fintech company and blockchain-based payment platform) will cease issuing its stablecoin, EEUR. Pursuant to the terms and conditions as posted, the issua...
10 Jan 2023 1 minute read 0 comments kev_nag
Pomerantz LLP, a New York based law firm, has commenced an investigation into Core Scientific based on reports Core’s leadership had engaged in securities fraud which negatively affected its stock price. Acting upon a report by Culper Research dated...
9 Jan 2023 2 minute read 1 comment kev_nag
In a ‘scientific paper’ published by 24 Chinese Research Scientists in late December, 2022, claim was made that they could break the RSA algorithm utilizing a quantum computer with only 372 qubits. The RSA algorithm is the most common format for onli...
8 Jan 2023 1 minute read 0 comments kev_nag
According to Reuters, U.S. Bankruptcy Trustee Andrew Vara has filed an objection to FTX’s proposed sale of certain of its assets. Said objection was filed in the US Bankruptcy Court, District of Delaware, on January 7, 2022. Within the bankruptcy, in...
13 Dec 2022 1 minute read 3 comments kev_nag
Reports have surfaced that Argo Blockchain is engaging in negotiations to sell assets and further to engage in an equipment financing transaction in an effort to prevent the necessity of filing bankruptcy. On December 12, 2022, Argo announced that it...
10 Dec 2022 1 minute read 0 comments kev_nag
It has been a rough road to navigate for algorithmic stablecoins in 2022. We are all familiar with the collapse of the Terra ecosystem and the depegging of TerraUSD. And the fallout from this collapse has been devastating with depegging, price crashe...
9 Dec 2022 1 minute read 0 comments kev_nag
FTX Japan, the Japanese subsidiary of the now shuttered FTX ecosystem, has obtained approval from The Kanto Local Finance Bureau (a local financial regulator running under the authority of the Japanese Ministry of Finance) to continue with the sortin...
