Former Ethereum developer pleads guilty to violating the US sanctions law
Virgil Griffith, an Ethereum (ETH) developer, has pled guilty to a federal allegation of conspiring with North Korea to violate US sanctions law after nearly two years of the legal battle between Griffith and U.S. prosecutors. Griffith pled guilty to conspiring to violate the International Emergency Economic Powers Act , which prohibits citizens of the […]
Sparkpool, Ethereum’s second-largest mining pool halts all operations
Sparkpool, the world’s second-largest Ethereum mining pool, has seized all of its operations owing to China’s escalating crypto crackdown. In reaction to Chinese authorities launching additional efforts to fight crypto adoption in the nation, the mining pool formally declared on September 27 that it has suspended access to new users in mainland China. Following the […]
Sommelier and Mysten Labs partners to launch Cosmos smart contracts
Sommelier, an Ethereum Virtual Machine (EVM) co-processing protocol, has announced a research and development partnership with Mysten Labs to launch smart contract applications on the Cosmos blockchain. Sommelier is a test-net protocol designed to deliver enterprise-grade automated financial transactions such as limit orders, batched orders, and portfolio rebalancing to decentralized finance , or DeFi, traders […]
NFT fantasy soccer game Sorare raises $680 million from funding
Following the recent funding round of $680 million, Sorare is now valued at $4.3 billion. With the funds, the platform plans to delve into other sports, onboard women’s soccer teams, and open a U.S. office. Sorare, an Ethereum-based fantasy soccer game based on NFT trading cards, has seen a considerable increase in player numbers and […]
Fortune and Pplpleasr launch philanthropic fund for journalism on Ethereum
Fortune, in collaboration with NFT artist Pplpleasr, has launched a donations fund, with proceeds going to independent journalists and programs. The fund was established on Endaoment, an on-chain nonprofit organization. The new FORTUNE Journalism PleasrFund was launched on the Ethereum blockchain through Endaoment, a charity-focused decentralized autonomous organization, the company announced Monday. So far, the […]