Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and Tarun Chitra chop it up about the latest news. In this episode, the gang plays “guess the chart” and takes a deep dive into the booming world of Ethereum Layer 2s.
The TrustWallet team plans to reimburse affected users that were impacted by a vulnerability discovered in November 2022.
Daily Bits…✍️✍️✍️
Do Kwon's lawyers requested a US court to dismiss SEC charges against the Terraform Labs founder, arguing that the UST stablecoin is a currency, not a security.
Yuga Labs, the creator of Bored Ape Yacht Club, won a key legal battle against a copycat NFT project, resulting in an injunction and damages from the infringers, marking a "landmark legal victory for Web3."
Binance Chief Strategy Officer Patrick Hillman claimed Sam Bankman-Fried consistently spread false and racist rumors about Binance CEO Changpeng Zhao prior to the collapse of FTX.
Gemini is introducing the Gemini Foundation, a derivatives platform for non-US users, initially offering a BTC perpetual contract denominated in Gemini dollars, followed by an ETH/GUSD contract.
Tether minted 1 billion USDT tokens on the Ethereum network, with CTO Paolo Ardoino stating it was an inventory replenishment for future issuance requests and chain swaps.
The Texas House of Representatives passed a bill requiring crypto exchanges to maintain reserves sufficient to fulfill all obligations to customers, amending the state's Finance Code to add a chapter on digital asset regulation.
The Ontario Teachers' Pension Plan, after writing off its $95 million investment in the bankrupt FTX exchange, has decided that it will not hastily enter another crypto investment, as the fund's CEO Jo Taylor cites caution and member feedback.
The Solana Foundation unveiled an emissions dashboard on Friday to monitor the carbon footprint of the Solana blockchain's servers, which generated 10,651 metric tons of CO2 in the year before April 1, 2023.
UniSat Wallet, the ‘first’ BRC-20 wallet and marketplace provider, experienced numerous double-spend attacks due to a vulnerability in its codebase, affecting 70 out of 383 transactions, and pledged to reimburse impacted users.
California regulators took action against five companies accused of using artificial intelligence in crypto scams, including one that allegedly created a fake AI-generated CEO to deceive potential investors.
Since Ethereum transitioned to a proof-of-stake consensus mechanism with The Merge, the supply of ether has decreased by over 100,000 coins, reducing the yearly supply by 0.144%.
Today in Crypto Adoption...
The Reserve Bank of Zimbabwe plans to launch a gold-backed digital currency as legal tender to stabilize the Zimbabwe dollar, allowing people to exchange their local currency for the gold-backed token as a hedge against volatility.
The $$$ Corner…
Crypto venture capital funding saw a significant 82% decrease from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023, as per a Crunchbase report.
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