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 […]
Failed crypto hedge fund Three Arrows Capital (3AC) has been in the spotlight because it has defaulted on debt obligations for multiple companies in the crypto space. As a consequence, big players in the space collapsed following 3AC into insolvency. Related Reading | Coinbase Rumors Going Insolvent Grow – Here’s What People Are Saying The crypto […]