Radiant Capital hacker moves $52M in stolen funds
Nearly all of the stolen loot from Radiant Capital has now been moved to the Ethereum network, which usually isn’t a good sign for those hoping for recovery.
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Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities
In January, lawyer John Deaton persuaded the Judge in the SEC vs LBRY case that secondary LBC token sales don’t constitute a securities offering. Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.On July…

Real-world use cases for Nexo, Elrond and Blockstack lure in investors
The ideas of privacy and decentralization have always been the heart of the crypto community. Therefore, when Blockstack announced that it would transition from being a security token to a utility token by launching its new Stacks Blockchain 2.0 on Jan. 14, 2021, it was bound to cause a stir.After receiving the green light from…

Andreessen Horowitz leads $28M Aleo raise
Several other high-profile investors contributed to the raise, including Coinbase Ventures and Galaxy Digital. 1825 Total views 15 Total shares Aleo, a privacy-focused blockchain, has secured $28 million in investments to bring its zero-knowledge applications to a wider market.California-based venture capital firm Andreessen Horowitz led the private investment round. Notable contributions also came from Coinbase…

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela
Colombian startup Valiu has launched its ‘cryptodollar’ — Bitcoin-backed synthetic USD that Venezuelans can use for payments and remittances. 1778 Total views 46 Total shares Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy.It’s still in…

MakerDAO should ‘seriously consider’ depegging DAI from USD: Founder
In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC. MakerDAO founder Rune Chirstensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its DAI stablecoin from the United States dollar (USD).…

Ronin offers $10M grant program for Web3 developer growth
The Ronin Network has introduced a $10 million grant program to boost blockchain development, focusing on gaming, consumer DApps and DeFi protocols.

ProgPow Is Dead, Long Live ProgPow: Ethereum Developer Call Summary
The Ethereum (ETH) All Core Devs call to decide on the fate of ProgPow was held on March 6. Despite a tentative decision to reformulate the mining algorithm as “Ethash 2.0,” the call raised more questions than it answered.The call lasted approximately three hours, two of which were entirely dedicated to ProgPow. Several representatives of…

Web3 helps Taiwan secure information against cyberattacks
In an effort against Chinese cyberattacks, Taiwan employs Web3 technology for decentralized file sharing post-Pelosi visit. 132 Total views 2 Total shares The Taiwanese Ministry of Digital Affairs (MODA) plans to implement decentralized technology into its web portal in an effort against cyberattacks. InterPlanetary File System (IPFS) is a Web3 technology that government officials will…