Those tokens would fund a “special grants” program meant to foster growth on Arbitrum, the Ethereum layer 2 that airdropped its governance token ARB just last week. But ARB holders would not get a say in who or how Arbitrum Foundation allocates the nearly $1 billion sum, according to the proposal, AIP-1. Author: Danny Nelson Source link
Author: Danny Nelson
Ripple Had ‘Some Exposure’ to Silicon Valley Bank, Says CEO
Ripple, currently engaged in a lawsuit with the Securities and Exchange Commission over the status of the cryptocurrency XRP, stored some of its cash reserves at the now-failed tech lender, Garlinghouse said. He declined to quantify the amount stuck in limbo. Author: Danny Nelson Source link
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
“During periods of heightened activity, conversions rely on USD transfers from the banks that clear during normal banking hours,” Coinbase said in its tweet announcing the conversion pause. “When banks open on Monday, we plan to re-commence conversions.” Author: Danny Nelson Source link
Solana Validators to Make Second Restart Attempt as Transaction Freeze Drags On
By evening New York time, validators running Solana’s infrastructure had long since concluded that the best way to right the chain would be to synchronize a restart and fork the chain. A first attempt was abandoned when validators realized they picked the wrong point at which to restart, further lengthening the delay. Author: Danny Nelson Source link
First Hearing in Genesis Bankruptcy Case Set For Monday
Genesis’ first hearing in its bankruptcy case is set for January 23. Author: Danny Nelson Source link
U.S. Lays Claim to $700 Million of Assets Linked to Bankman-Fried, FTX
Included in the property are over 55 million Robinhood shares worth about $525 million. Bought with borrowed Alameda money, those shares were at the center of a fight between Bankman-Fried, FTX Group and BlockFi. Officials are also moving to claim $171 million in cash from a series of bank accounts linked to Bankman-Fried’s web of companies. Author: Danny Nelson Source link
FTX Hack Sparks Revolution at Serum DEX as Solana Devs Plot Alameda’s Ouster
Lending protocol Solend, Jupiter, automated market maker Raydium, stablecoin swap shop Mercurial Finance and other Solana-based DeFi traders, as well as centralized entities including Phantom wallet, limited their exposure to Serum Saturday morning. They disconnected price data oracles, shut down token trading pools or ceased trading on its central limit order book. Author: Danny Nelson Source link
Polkadot Co-Founder Gavin Wood Steps Down From CEO Role at Blockchain's Builder: Report
Gavin Wood has dropped the title of CEO, according to reports. Author: Danny Nelson Source link
Crypto Exchange Huobi Global to be Acquired by About Capital
The top-10 crypto exchange by volume will have a new controlling shareholder. Author: Danny Nelson Source link
Solana Halted by Bug Linked to Certain Cold Storage Transactions
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