Category: decentralization

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Which altcoins will survive the SEC crackdown? Bitcoin OG explains

Bitcoin OG and educator Dan Held points out which crypto assets are most likely to avoid the ongoing SEC crackdown. Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the U.S. SEC, according to Bitcoin OG and educator Dan Held.  Last week, the…
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Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet

According to Polygon Labs, Polygon 2.0 will enable users to create, exchange and program value on the internet. On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades that seeks to establish the “Value Layer” of the internet, which the company says will allow users “to create, exchange, and program value.” 1/ Our…
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Bitcoin Advocate Nic Carter Accuses ‘Laser-Eyed Maxis’ of Turning Bitcoin Into a ‘Secular Cult’

In a tweet this week, crypto advocate Nic Carter took aim at those who claim to be bitcoin enthusiasts but have been applauding the U.S. Securities and Exchange Commission’s (SEC) enforcement actions. Carter accused these individuals of turning Bitcoin into a “secular cult” and argued that the “vast majority” of them are actually newcomers to…
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Atomic Wallet says hack affected 1% of active users, but investors claim otherwise

In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds. A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, according to the company. In the aftermath of…
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Nansen lays off 30% of its workforce

The CEO of Nansen cited two reasons for the layoffs, including an overly aggressive hiring phase during the bull market and the prolonged crypto bear market that followed. Blockchain analytics platform Nansen has announced the trimming of its workforce by 30%. On May 30, Nansen CEO Alex Svanevik disclosed on Twitter that the company had to…
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Bitcoin can bring ’cause and consequence into cyberspace’, boost security — Michael Saylor

During an interview, Michael Saylor discussed how crypto networks like Bitcoin can promote security and combat digital trust issues. Bitcoin may be the answer to combat cybersecurity threats driven by artificial intelligence, such as deepfake, said Michael Saylor, executive chairman of MicroStrategy, during a recent interview with Kitco News. Saylor illustrated his views using social…
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Cronos Labs launches second cohort of $100M Web3 accelerator

On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000. Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding…
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DAO Treasuries Surge: From $8.8B to $21.5B in 90 Days, Marking a 144% Increase

According to archived records, 4,833 decentralized autonomous organization (DAO) treasuries held $10.8 billion on April 15, 2022. Over the course of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past 90 days, there has been a significant surge, with the funds held by DAO treasuries increasing by 144%…
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Instagram to reportedly launch text-based app to rival Twitter

The upcoming app will maintain a Twitter-like centralized feed, allowing users to view content such as text, images and videos shared by followers and recommended accounts. In a secret meeting with select creators, Instagram’s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app…
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Robert Kennedy Jr. to Accept BTC for Campaign Contributions, Says Bitcoin Is an ‘Exercise in Democracy’

Before taking the stage at the Bitcoin 2023 conference in Miami, U.S. presidential hopeful Robert F. Kennedy Jr. emphasized the democratic nature of bitcoin, calling it an “exercise in democracy.” Additionally, during his Florida appearance, Kennedy revealed that his campaign would accept bitcoin for political contributions. RFK Jr. Champions Bitcoin as a Democratic Tool, Now…
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