With the crypto market suffering massive losses this week, there has been more concern about the future of the space. This is not just limited to the price of the digital assets in the market, but rather the collapse of multiple big players in crypto such as Terra in May and now the FTX crypto exchange. However, not everyone is frazzled by recent events and one of those is Cardano founder Charles Hoskinson.
The Bitcoin Magazine Art Gallery will serve as the Bitcoin world’s preeminent exhibition space for established and emerging artists.
Nashville, TN. — Bitcoin Magazine has unveiled the Bitcoin Magazine Art Gallery (BMAG), a display space and storefront featuring a jail cell exhibit dedicated to Bitcoin pioneer Ross Ulbricht, who faces a double life sentence plus 40 years for his role in founding the darknet marketplace Silk Road. The location will serve as an outlet for Bitcoin-related clothing, hardware and the print edition of Bitcoin Magazine, while the art gallery will feature exclusive visuals from the leading creatives in the Bitcoin space as well as new artists to showcase their work.
Meme coins have fallen into a certain level of obscurity since the bear market began. It is an effect of the market-wide decline in interest in all things cryptocurrencies since prices of digital assets are down more than 70% from their all-time highs. However, it seems that meme coins are not yet completely out of the game. A tweet from Ethereum founder Vitalik Buterin has triggered the creation of a meme coin that is finding much success in the market.
THE Protocol Steps Up
Terra founder Do Kwon has been under fire from authorities since the network crashed earlier in 2022. Kwon who has now been asked to turn in his passport or have it rendered invalid has said he is not on the run. The founder has also denied all allegations that he has been trying to cash out bitcoin from the LUNA Foundation Guard treasury. While that might be true, more information has emerged that the Terra founder might be indeed cashing out funds, just not with bitcoin.
Not Cashing Out With Bitcoin
The Cardano network has always been a fierce competitor for the Ethereum network. Naturally, this has translated into a prolonged rivalry between the communities of the two blockchains. This time around, though, Cardano founder Charles Hoskinson has also joined in on the banter between the two communities, coming directly from the Ethereum community and the developers who work on the blockchain.
Cardano Founder Addressing The Ethereum Community
The last week has been one filled with activity for the founders of the now-defunct Terra network. From arrest warrants to accusations of evasion, Do Kwon and others have been in the thick of it recently. In the most recent development, the South Korean authorities have come for the founder once more over his most recent statements.
Do Kwon Is On The Run
According to a report from a local news media, law enforcement agencies in South Korea issued an arrest warrant against LUNA Founder and Terraform Labs CEO Kwon Do-Hyeong also known as Do Kwon. The founder has been under authorities’ radar since the collapse of the Terra ecosystem in May 2022.
The arrest warrant was issued by the Seoul Southern District Prosecutor’s Office’s Financial and Securities Crime Unit, which is under the direction of Dan Seong-Han, the report claims. This institution has been investigating the LUNA Founder with its Financial Investigation Division and five prosecutors.
Tornado Cash is a crypto mixer that recently came under sanction from the United States government. The reasoning given for this was the fact that it was a protocol used by criminals to hide the origins of their funds. Most notably used by South Korean hackers who have stolen millions of dollars in hacks over the last few years.
It was recently made public that the Dutch authorities had apprehended a man who was believed to be one of the developers of Tornado Cash. As the case carries on, some have spoken out in defense of the developers, and one of those is Cardano founder Charles Hoskinson.
The crypto market has shed more than $ 2 trillion of its value since November last year. As a safeguard against the market’s heightened volatility, a number of investors and traders opted to remain in the backseat.
However, the industry is being led by the founder of a Hong Kong-headquartered game software company and venture capital firm.
Yat Sui, the executive chairman of Animoca Brands, has revealed that the company is building a portfolio of 340 firms in the social media, gaming, and finance industries in order to grant consumers full control of their digital assets.
The latest price moves in bitcoin (BTC) and crypto markets in context for August 12, 2022.
The Cardano Vasil hard fork has now experienced its second delay in the last two months. This upgrade is important to the network’s growth, and as always, Cardano developers continue to stay true to form by only shipping out safe products. The second delay was announced at the end of July, and founder Charles Hoskinson has made a video explaining what was behind the delay and what is expected for Vasil hard fork going forward.
Delay Was Caused By Bugs
OneCoin founder Ruja Ignatova has earned a spot on the Federal Bureau of Investigation’s Ten Most Wanted Fugitives list for her role in allegedly defrauding investors of more than $ 4 billion.
On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week news.Bitcoin.com spoke with the founder of Honestnode, Jian Shi, to learn more about this new stablecoin.
Pseudonymous Grin founder Ignotus Peverell has stepped away from the project, reassuring the privacy coin’s community that it is in “safe hands.” The move has sparked inevitable Satoshi Nakamoto comparisons. Bitcoin’s pseudonymous creator used almost identical language eight years ago, writing in an email that “I’ve moved on to other things,” before adding “It’s in good hands with Gavin and everyone.”
Michael Arrington has also dived into blockchain capital investments with his $ 100m firm, Arrington XRP Capital.
The founder of defunct cryptocurrency exchange Cryptopia, which entered liquidation following a hack in January 2019, has launched a new exchange called Assetylene.
The LinkedIn employment history for the founder of the failed New Zealand exchange, Adam Clark, indicates that he’s been working on Assetylene since September 2018, which is also when the exchange’s Twitter account went live. With fewer than 100 followers, the account is billed as representing “New Zealand’s most advanced crypto-currency exchange [sic].”
Balaji S. Srinivasan, creator of the secretive 21.co and Earn.com, is leaving as CTO of Coinbase.
Julian Assange, co-founder of Wikileaks and early Bitcoin supporter, was arrested at the Ecuadorian Embassy in London and faces extradition to the U.S. on conspiracy charges.
Having spent the last seven years seeking asylum in the embassy, Assange has at last lost the support of the Ecuadorian government. He was arrested on April 11, 2019, for failing to appear in British courts. Originally in hiding due to a Swedish arrest warrant over allegations of sexual assault completely unrelated to his involvement with Wikileaks, these charges have since been dropped altogether. Nevertheless, the British government has sought his arrest for failing to appear in court for these charges.