Data from PolygonScan showed that the blockchain had not produced any new blocks or processed transactions for some time, leading some to believe it was suffering an outage. Update: The article was updated at 11:45pm UTC on Feb. 22 to reflect that the blockchain explorer Polygonscan was not updating correctly. Polygon has continued to produce blocks,…
According to the Department of Justice, Forsage employed smart contracts that were coded in ways consistent with a Ponzi scheme. The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon. The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev…
A new report from DappRadar revealed that during the first month of 2023, blockchain gaming made up 48% of all DApp activity. Play-to-earn blockchain gaming experienced a downturn over the last year as gamers prioritized improving the gameplay experience. However, according to a new report from DappRadar, in the first month of 2023, gamers made up nearly…
Experts from 10 industry organizations contributed to this pioneering examination of legal questions surrounding proof of stake. The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives…
After the Securities and Exchange Commission’s crackdown on Kraken, Coinbase chief legal officer Paul Grewal outlined the differences between that exchange’s staking product and its own. The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United…
A globally distributed AI network that relies on mining rigs will be difficult for governments to control, according to Dr. Ben Goertzel. As artificial intelligence (AI) rapidly works its complex magic on one sector of the economy after another, there is an increasingly pressing need for compute resources to power all this machine intelligence. Training…
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