RFK Jr. to Stabilize US dollar with Bitcoin if Elected President
Robert F. Kennedy Jr. (RFK Jr.), the Democratic presidential candidate, has pledged to progressively support the United States dollar with Bitcoin if elected president. Kennedy stated on July 19 at a Heal-the-Divide PAC event that underpinning the U.S. dollar with “hard currency,” such as gold, silver, platinum, or Bitcoin, could help to stabilize the American […]
Inactive Pre-mined Ethereum Wallet Resurfaces 8 Years Later
After eight years of inactivity, a wallet address containing pre-mined Ethereum worth $116 million transferred its entire stash of 61,216 Ether to an address on the Kraken crypto exchange. The Ethereum ecosystem held a sale event in June 2014, allowing early team members and co-founders to acquire pre-mined Ether when the network could not generate […]
Marathon Digital Shareholders File Lawsuit Against CEO, Others
Crypto mining company Marathon Digital is facing a lawsuit from some shareholders alleging that CEO Fred Thiel and other top executives committed breaches of fiduciary duty, unjust enrichment, and squandering of corporate assets. On July 8, a shareholder complaint against Fred Thiel and nine other Marathon executives was lodged in Nevada’s United States District Court. […]
zkEVM Helps to Drive Healthy Competition in Ethereum Ecosystem
According to one of Polygon’s co-founders, the Ethereum ecosystem’s top development firms creating zero-knowledge Ethereum Virtual Machines (zkEVMs) to scale the network are engaging in healthy competition. Jordi Baylina, the technical director of Polygon Hermez zkEVM, spoke before starting the EthCC in France. As developers across the Ethereum ecosystem converge on Paris, zero-knowledge proof (ZK-proofs) […]
Thodex Crypto Exchange Founder Goes to Jail in Turkey
The founder and former CEO of Thodex Crypto Exchange, Faruk Fatih Özer, was sentenced to seven months and fifteen days in prison for neglecting to submit tax documents requested during the trial. Once one of the largest cryptocurrency exchanges in Turkey, Thodex abruptly wound down, and Özer fled to Albania. Özer was deported back to […]