SEC lawsuit makes strong claim about Ethereum The SEC (Securities and Exchange Commission) is suing a YouTuber for failing to disclose his compensation while promoting an ICO in 2018. This sounds normal-ish, if a little late. But the bombshell claim lies in paragraph 69 of the 23 pages filling: At that point, their (= the US=based investors’)…

Markets plunge on successful Ethereum Merge — The much anticipated Merge, Ethereum’s abandonment of Proof-of-Work and transition to eco-friendly Proof-of-Stake, has been a complete success from a technical standpoint and a real feat of engineering. The transition happened in the early hours of September 15th (EST). Meanwhile, markets have “sold the news” on the Merge, with the…

Ethereum Merge: less than 48 hours away, how to get ready? Ethereum’s Merge (aka moves from Bitcoin-styled Proof-of-Work to environment friendly Proof-of-Stake) is hours away! At the current hash rate, it should happen sometime in the night from Wednesday Sept 14th to Thursday Sept 15th… The super anticipated news will be watched by many Eth enthusiasts as well as critics of…

Ethereum: Bellatrix update is the final step before the Merge — Ethereum is just about a week away from its most significant update: the Merge. This moves from Proof-of-Work consensus (aka Bitcoin style) to Proof-of-Stake (financial stakes replace ASIC mining) will cut Ethereum’s energy consumption by 99.9% while providing more regular block times and easier recovery in case of network attacks…

BendDAO: the bank run that wasn’t (yet) Last week I wrote briefly about concerning news from BendDAO, a protocol that allows users to borrow ETH using their “blue chip” NFTs as collateral (think Bored Ape Yacht Club, CloneX, Azuki, etc…). In other words, BendDAO allows users to monetize their NFT. How does that work? The idea is…

Ethereum: Goerli testnet a success and the Merge has a date (sort of) — Yes, I keep talking about the Merge (Ethereum’s transition to Proof of Stake). Why? Because it’s the most consequential event of the crypto world right now, and also something that has been anticipated for several years because it will change the narrative regarding energy consumption of cryptocurrency, leaving Bitcoin as…

Wallet hacks: is Solana dead? — On August 2nd, thousands Solana users started to find their wallet empty! It took 24 hours to identify the source of this attack: the Solana focused wallet Slope had been sending its users’ private keys in plain text to one of its servers. Yes, in plain text = not encrypted! …

A tale of two cryptocurrencies — Two weeks ago, a top Ethereum developer announced publicly that the Merge, aka Ethereum’s move to Proof-of-Stake (the eco-friendly alternative to energy intensive Proof-of-Work), could be happening in September. The event, which has been in preparation for at least 5 years, would be a systemic improvement for Ethereum, if successful…

A few days of calm — Surprisingly, after week after week of bad headlines (crashes, liquidations, and other bear market things), crypto is giving us a few days of respite. While it’s true that the liquidations of 3AC, Celsius and other Voyagers are still playing out (and will for months to come), the last few days…