What happened to the crypto islands? - Protos
WEB4:04 PM • Aug 07, 2024. — Cryptoland, Satoshi Island. — by Protos Staff. While the crypto industry has largely toned down its expectations around what can be accomplished with blockchains and decentralized finance, it was only a couple of years ago that multiple projects were suggesting that blockchains wouldn’t just help run smart ...
Protos | Informed crypto news
WEB2 days ago · EigenLayer once claimed that a majority of its token supply would be locked for a year. Days into its launch, insiders started cashing out. Informed crypto news. Protos cuts through the noise to provide clear insight, considered expert opinion, and market-moving information on Bitcoin and crypto as efficiently as possible.
TrueUSD bank FlowBank forced into bankruptcy - Protos
WEB5:49 PM • Jun 13, 2024. — FlowBank, Justin Sun, Switzerland, TrueUSD. — by Protos Staff. FlowBank, a Swiss bank that has historically been friendly to crypto firms, has been forced into bankruptcy by FINMA, the Swiss Financial Market Supervisory Authority. The press release issued by FINMA claims that FlowBank “no longer has sufficient ...
We asked Swan CEO about layoffs, withdrawal times, and the
WEBAug 19, 2024 · A few months ago, Swan Bitcoin was climbing the ranks among the world’s largest Bitcoin companies. It passed $220 million in annualized revenue, planned to IPO on the Nasdaq, was mining 1.7% of the entire Bitcoin network (11.3 exahashes per second), and scheduled its third annual conference along with an additional events business.. Not only that, on May 7, Swan confirmed rumors that had ...
Dump it: Crypto markets lose $230B since Bogdanoff twins
WEBJan 6, 2022 · Igor Bogdanoff tweeted proof of the twins’ tech clout last July. Read more: [5 accurate crypto trader memes to help navigate this hellscape industry]But if the Bogdanoff’s did indeed receive any “old Bitcoins” in 2008, it could only have been sent from a test version of pre-production Bitcoin code.Nakamoto mined Bitcoin’s first (genesis) block on January 3, 2009.
Ethereum centralization is becoming a serious problem - Protos
WEBSep 27, 2023 · Read more: Ethereum since Shanghai is worse on at least a half dozen benchmarks He similarly expressed concern about Ethereum centralization in layer 2s. “Ethereum got stuck the same way Bitcoin did: its blocks became full, the devs refused to increase the gas limit. Just like Bitcoin got corrupted by centralized L2s (Lightning), Ethereum now has L2s with admin keys of its own.”
Why are Silicon Valley moguls David Sacks and Paul Graham
WEBJul 25, 2024 · Sacks and Graham’s online feud is largely down to Conrad Parker, a well-known Silicon Valley tech VC who founded and led a software as a service (SaaS) company called Zenefits. Sacks was brought on board as the company’s COO, while a16z was its largest investor. At some point, it became clear that Zenefits was suffering from serious ...
Chinese billionaire behind Himalaya Exchange indicted for $1B
WEBJan 5, 2024 · King Ming Je — also known as William Je and Yu Jianming — and Yanping Wang, both also behind the Himalaya Exchange, were charged alongside Kwok for their role in the conspiracy. Je is described in the indictment as “the financial architect and key money launderer for the Kwok Enterprise.”. The indictment alleges that funds raised for ...
Critics claim ‘buggy’ Bitcoin Lightning Network is slowly dying
WEBMar 25, 2024 · Rene Pickhardt wrote the definitive book about Lightning. He still has doubts. One of the oldest Bitcoin developers, Matt Corallo, the tenth contributor to Bitcoin Core, called the Lightning Network “kinda a joke.” Synonym’s John Carvalho agreed with that assessment on a recent interview with Vlad Costea, also concluding that Lightning has failed to meet the community’s expectations.
Are Telegram chats actually encrypted? - Protos
WEBAug 26, 2024 · Authorities in France have arrested Pavel Durov, the founder of Telegram and Russia’s largest social network, VK. Last week, he was in Azerbaijan at the same time as Vladimir Putin. Around the world, hundreds of millions of Telegram users are suddenly questioning a fundamental promise of Pavel Durov: “All chats are secure.”. As of May 2020, Telegram claimed that Durov was the sole ...