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A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents further movement of Ignatova’s wealth, possibly aiding victims’ compensation. Onecoin’s Ruja Ignatova Faces Global Asset Freeze Amid Investor Lawsuit … Read more
The International Monetary Fund (IMF) has reported progress in negotiations with El Salvador on policies to strengthen public finances, boost bank reserves, improve governance, and address bitcoin risks. Although many BTC risks haven’t materialized for El Salvador, the IMF stated that both parties agree on the need for enhanced transparency and measures to ensure fiscal … Read more
A member of the “Golden Boys” voting bloc, Humpy, appears to have accepted a new staking proposal while agreeing to rescind the controversial Proposal 289. Go to Source
Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors. Go to Source
Zksync, an Ethereum layer two (L2) network developed by Matter Labs, has launched a new community-driven governance system named ZK Nation. The system aims to enhance the governance, security, and scalability of the Zksync protocol through active community participation. ZK Nation: New Governance Framework Introduced by ZKsync According to the announcement, the ZK Nation governance … Read more
Users imply that the unnamed VC firm’s actions had revealed its significant influence, which could be seen as a mistake, undermining the decentralized values. Go to Source
Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO. Go to Source
The system uses “time-lock puzzles” to encrypt the contents of votes, making them unreadable until balloting has finished. Go to Source Powered by WPeMatico
FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers … Read more
The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its original. Go to Source Powered by WPeMatico
