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
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Police forces jump into AnubisDAO saga after $60 million ‘rug’
Launched last week, in the midst of the “dog-coin” surge, AnubisDAO lost control of the project’s liquidity pool, as $60 million of investors’ funds got drained in what appears to be another rug pull incident.Following the accusations, both Hong Kong and US law enforcement got involved, while the suspect developer claimed to have fallen victim to a phishing attack.What happened … [Read more...] about Police forces jump into AnubisDAO saga after $60 million ‘rug’
The Elon Musk Bitcoin saga continues: BTC rallies 10%
The cryptocurrency market hasn’t been the same since Tesla bought Bitcoin Elon Musk has once again affected the Bitcoin price with a Tweet, but bucked the recent negative trend by giving the original cryptocurrency a daily gain of more than ten per cent. On 13 June, the Tesla CEO tweeted that the firm will resume BTC payments for its vehicles when Bitcoin mining is demonstrably … [Read more...] about The Elon Musk Bitcoin saga continues: BTC rallies 10%
Six XRP investors to be excluded from court hearing as Ripple v SEC saga continues
The latest twist in the SEC vs. Ripple lawsuit has the U.S securities regulator file a reply memorandum in further opposition to the motion to intervene, a new filing shows.The motion to intervene on behalf of XRP holders was granted by Judge Torres in late March, following the unsuccessful attempt by the SEC to oppose the move. It sets out to bring the views of 12,600 XRP … [Read more...] about Six XRP investors to be excluded from court hearing as Ripple v SEC saga continues
GameStop saga paves the way for a new decentralized financial order
Every significant transformation comes with a new toolset, one that is always surprising at the time and obvious in hindsight. Bitcoin (BTC), climate change and GameStop are all examples of ways in which mass action is pushing for dramatic, not evolutionary, action. We can also see that these are individual vectors of the same movement, highlighting the inefficient parts of the … [Read more...] about GameStop saga paves the way for a new decentralized financial order