Crypto Fund CIO Labels Ethereum L2 Solutions As ‘Dangerous’ – Here’s Why
Justin Bons, the founder and chief investment officer of European cryptocurrency fund Cyber Capital, has once again criticized the operations of Ethereum L2 solutions. In a recent X post on Saturday, Bons tagged these blockchain platforms designed to improve the scalability of the Ethereum network as dangerous with the capacity to cart away users’ funds […]
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Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.” Andrew Bailey Remains Sceptical About Cryptos “Crypto-assets,” as the central bank’s official labels bitcoin and the rest, present a danger to the public, Bailey told the British Parliament’s Treasury Committee. The Governor’s statement on Monday reiterates his long-standing concern....
In the wake of a $55 million dollar compromise of the DAO, a distributed fund created to fund Ethereum projects, a desperate debate regarding how to rectify the issue came to fruition. The issue at hand was Ethereum’s future change to a proof of stake protocol, whereby the hacker – should he have kept his bounty – would inherit considerable influence for Ethereum. In order to avoid this, the Ethereum team adopted the hard fork policy. All reports from Ethereum posits the hard fork a success. There has been criticism, as many people fear that a blockchain via democratic measures is no....
Justin Bons, founder and chief investment officer of Cyber Capital, has sparked a polarizing debate in the crypto community with a scathing critique of the current Layer-2 (L2) solutions on Ethereum. The founder of the oldest crypto fund in Europe described networks like Arbitrum, Base and Optimism, designed to improve Ethereum’s scalability by offloading transactions […]
Perhaps you’re fed up with hearing the phrase “Ethereum killer.” After all, any project that labels itself as such has a real fight on its hands. But Zilliqa, as a third-generation blockchain, is in with a shout. The Singapore-based platform launched at the end of 2017, initially as an ERC-20 token running on the Ethereum […]
Polygon has launched the Terra Developer Fund to aid projects affected by the LUNA crash. Via its developer arm Polygon studios, the Ethereum scalability solutions will provide projects previous on Terra with financial support. Related Reading | Balenciaga To Accept Bitcoin And Ethereum Payments In The U.S. According to a post via its official Twitter handle, […]