Celsius countersues KeyFi, claims deceit cost them millions
The CEO of KeyFi has been targeted by cryptocurrency lender Celsius. KeyFi had sued Celsius a week prior to its bankruptcy. On Tuesday, insolvent cryptocurrency lender Celsius countersued DeFi protocol KeyFi and its CEO Jason Stone in the US Bankruptcy Court. They claimed Stone had falsely represented himself as an authority on the subject and […]
Tether refuses to freeze sanctioned Tornado Cash addresses
Stablecoin issuer Tether has said that it will not freeze Tornado Cash accounts that were sanctioned except if it gets a directive from law enforcement to do so. As of Wednesday, cryptocurrency trail-mixer Tornado Cash’s smart contract addresses that were sanctioned by the Specially Designated Nationals and Blocked Persons (SDN) list maintained by the U.S. […]
Ethereum Foundation confirms merge upgrade date
The Ethereum network’s creators have specified dates in the month of September for the transition to proof of stake blockchain. “The merging” is approaching—possibly even sooner than initially anticipated. The Ethereum Foundation announced on its blog on Wednesday that the upgrade will now be finished in its entirety between September 10 and 20. Next month, […]
Beijing announces two-year Metaverse development plan
The two-year (2022-2024) Metaverse innovation and development plan made public must be followed by all districts according to the Beijing municipal government. The Metaverse is referred to in the development action plan as a new generation of information technology integration and innovation that will propel internet development toward Web3. The innovation plan focuses on encouraging […]
Ethereum network quadruples Bug bounty up to $1M as the Merge approaches
The Ethereum Foundation stated it would quadruple the network’s bug bounty awards with prizes worth up to $1 million for white hat hackers ahead of the Merge upgrade. The Ethereum Foundation announced in a blog post on Wednesday that from August 24 to September 8, all “Merge-related bounties for vulnerabilities” will be tripled for white […]