The Wonderland protocol became the talk of the decentralized finance (DeFi) world after the platform was found at the center of a brewing controversy. On Jan. 27, DeFi analyst zachxbt revealed that one of the anonymous co-founders of Wonderland happened to be QuadrigaCX co-founder Michael Patryn, who has been operating under the name of Sifu.QuadrigaCX is a defunct crypto … [Read more...] about Wonderland’s treasury saga exposes the fragility of DAO projects today
Projects
NFTs are ‘Stayin’ Alive’ as new minting trends, AI and music-based projects thrive
In 2020, newly launched NFTs projects experienced costly gas wars that are gas priority auctions where buyers battle to secure their spot on the next block, potentially losing ETH to failed transactions. In 2021 digital scarcity and utility drove the NFT hype in the constantly surging markets and toward the end of the year, how much attention any collection received seemed to … [Read more...] about NFTs are ‘Stayin’ Alive’ as new minting trends, AI and music-based projects thrive
Cardano projects SundaeSwap and CardStarter squabble over failed promises to investors
The ongoing drama between two projects built on the Cardano (ADA) blockchain escalated across multiple social media platforms Monday, much to the dismay of the ADA community.The issues began in April when accelerator program CardStarter announced it would launch its own decentralized exchange or DEX. Shortly thereafter, its founders incentivized investors to provide … [Read more...] about Cardano projects SundaeSwap and CardStarter squabble over failed promises to investors
Hedera Governing Council to buy hashgraph IP, and open-source projects code
The Hedera Governing Council has officially voted to purchase the intellectual property rights to the hashgraph consensus algorithm from founding architect and inaugural member of the council, Swirlds Inc, for an undisclosed fee.A Wednesday announcement also details plans to transition their code to an open-source model this year under Apache 2.0 license, in addition to … [Read more...] about Hedera Governing Council to buy hashgraph IP, and open-source projects code
The crypto projects saving the planet
It seems as though the potential benefits of cryptocurrency are often overshadowed by the technology’s inherent vulnerability to exploitation. And it’s true, crypto adoption does come with risks. Over the past year, governments from around the world have raised concerns that crypto could be used to finance terrorism or other illicit activity like money laundering. There have … [Read more...] about The crypto projects saving the planet