Alex Mashinsky, CEO of Celsius Network has resigned, cashing out more than 82000 CEL tokens which at time of this article, amount to around $122,000. Celsius is now a bankrupt lender in world of cryptocurrencies but the company still has hopes. It has appointed their CFO as Chief Restructuring Officer and Interim CEO to bring the Celsius Network back on track.
Two wallets deposited whopping 5.5 million tokens on popular FTX cryptocurrency exchange. The wallet is still holding an additional $6.5M worth of Kyber Network’s KNC token. It clearly is a developer wallet or belongs to a VC investor.
(more…)Ethereum PoW team has released third list of batch addresses which they are planning to freeze. This way these ETH address will not be getting the new ETHW tokens.
DAO of Tornado Cash has announced that it will be shutting down cryptocurrency project permanently in order to keep its contributors and team members safe. This is one important example of government being able to track and shut down a so-called decentralized project.
We believe that US Treasury has simply copy-pasted all the Etheruem addresses on their sanction list that have been labeled as Tornado Cash. The domain, Tornado.Cash, has been put down and no longer accessible.
Harmony Protocol has proposed a reimbursement proposal to deal with whopping $99 million dollars assets stored on ONE blockchain. This includes following assets.
In recent news, a Maker DAO vault had to pay whopping 65,000 in Ethereum cryptocurrency just to pay off its debt and decrease their risk. All this has profited 150,000 dollars in fees to Oasis.app. The Ethereum was sold at an average price of 1155 dollars, which is considerably lower than Ethereum’s current price of ~$1350. Here’s the screenshot of vault history.
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CEL token was created by Celsius Network and it will have zero value by fourth quarter of 2022. Reason is liquidity issues. Celsius Network previously used to allow flexible redemptions allowing anyone to withdraw their funds and forego their interest. This is also done by many centralized cryptocurrency exchanges like Binance where user can withdraw funds anytime by foregoing interest.
(more…)The current Ethereum blockchain experienced another reorg on May 25th 2022. This is the second time Ethereum chain has been reorg-ed. Infact, we have not seen 7-block reorgs on Ethereum mainnet blockchain in years.
