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Blockparty CTO Steals $1M, Uses It To Party Hard

December 8th, 2022
Blockparty CTO, Rikesh Thapa, has been officially charged of defrauding the start-up out of $1M, which started from his employment in December 2017 and September 2019. He collected the amount by apparently:
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MetaMasks About Faces On IP Collection…Kind Of

December 8th, 2022
MetaMask had some blowback from the cryptoverse recently on news coming out about collecting IP addresses, but it looks like they might reversing course, sort of. In a statement, Consensys clarified their position on IP collection and an amendment to their policy:
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History Repeating With Cardano's Attempt At Algo Stablecoins?

December 5th, 2022
Cardano has announced the backing of an algorithmic stablecoin, Djed, which will apparently be pegged to USD, will be overcollateralized with Cardano and backed up with another token as its reserves, which will also have on-chain proof-of-reserves. However, many in the crypto community are sounding alarms for this approach, referring to the recent Terra algo stablecoin UST implosion.
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Ted's Bullish on Texas Bitcoin?

December 5th, 2022
Texas Senator and Wolverine wannabe Ted Cruz said at Texas Blockchain Summit 2022 that he wants Texas to be a “Bitcoin oasis”, along with other cryptocurrencies. Cruz argued that Bitcoin mining can be used to monetize energy from oil and gas extraction, in addition to it being an energy storage and supply alternative. He also mentioned that he likes Bitcoin “because the government can’t control it”. The lawmaker also admitted to purchasing Bitcoin on a weekly basis, and the coin being the only one in his portfolio.
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FTX Out, Telegram In?!

December 1st, 2022
Telegram founder Pavel Durov, has revealed plans to launch several decentralized crypto products, which could include a crypto exchange as well as non-custodial wallets. In a message on his personal Telegram channel, Durov states this new venture will try and steer the crypto community away from centralized exchanges, and using their already developing “The Open Network” (TON) blockchain platform, it gives even more reason to get away from “legacy platforms” that required centralization to give users a more seamless experience.
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MetaMask Wants YOUR IP Address

November 28th, 2022
Welp, looks like another privacy-protected tool is flipping on us. ConsenSys, the company behind MetaMask, stated on November 23rd it will start collecting user IP addresses and ETH wallet addresses if using RPC’s via their own Infura protocol. This move is reportedly to satisfy KYC and anti-laundering requirements, among other reasons. It was also noted if a user uses a third-party RPC or personal nodes, this information will not be collected. However, the red alerts have been sounded by the community already, even in the face of ConsenSys claiming this data collection will not be used for monetization:
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Post FTX: Bananas In The Bahamas

November 28th, 2022
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creating a micro-economy revolving around the disgraced exchange. Now with the collapse, the once bustling area around FTX HQ is barren, with jobs disappearing right along with it, and locals are not happy. However, some of the crypto community are feeling zero sympathy with the nation, stating their pre-disposition to be a haven for those wanting to evade taxes “serves them right” for this situation they provided.
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Web3 TLDR Guide: 3 Reasons Why Your DeFi Investments Are Losing Money

November 21st, 2022
So you've finally taken the leap into DeFi and you're excited to be making some profits with your investments. However, you've noticed your $1000 LP tokens is sinking in value. What gives? Here are 3 reasons why you might be losing value:
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Metaverse's Role In Preserving History

November 17th, 2022
The small island nation of Tuvalu, in the South Pacific, has announced their intention of using Web3 tech in order to preserve its’ culture and society for future generations. Tuvalu’s Foreign Minister Simon Kofe announced in a climate summit how they are looking for ways to protect the country’s heritage against rising sea level due to climate change. Hoping to leverage the Metaverse, they want to recreate their history.
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