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Publications
- Maker Co-Founder Proposes Future Protocol Implementation on Solana Fork
**Rune Christensen, a co-founder of Maker, the Ethereum-based stablecoin protocol, has proposed to reimplement the protocol on a new chain forked from Solana. This move would be the final part of “Endgame,” an update to the protocol that seeks to grow the stablecoin dai by enhancing “efficiency, resilience, and participation.”**
Maker Proposal Involves Protocol Reimplementation on Solana Fork
Rune Christensen, a cofounder of Maker, the stablecoin protocol behind dai, has proposed reimplementing the protocol on top of a fork of Solana, updating it to manage possible problems derived from technical failures or governance attacks. The move would be part of Maker’s roadmap evolution, called “Endgame,” designed to “enhance efficiency, resilience, and participation” around the Maker protocol.
He defended the creation of a blockchain used only to run the backend of Maker, stating that it would “deal with the eight years of technical debt in the protocol.” This would imply each component would be redesigned and custom-built for its exact function. However, Christensen stated that this change would take at least three years.
- Hawaii Man Charged for Making False Security Fund Conversion to Crypto Claims
**The U.S. Securities and Exchange Commission has charged a Hawaiian resident for falsely claiming that his fraudulent security would become the “first publicly traded security fund to convert to a cryptocurrency.” According to the Commission, the man promoted the security to boost its price and bolster the value of his portfolio.**
Fabricated Documents Used to Perpetrate the Fraud
The U.S. Securities and Exchange Commission (SEC) has charged a Hawaiian resident Jeremy Koski for allegedly fabricating and posting fake documents about a purported security that he said would become the “first publicly traded security fund to convert to a cryptocurrency.” The SEC also accused Koski of falsely claiming that the conversion would “allow the fund to recover the face value of $25 as it opens up to a new world of digitized currency.”
According to the Commission’s Sept. 1 press release, the SEC has since formally charged Koski with “violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5.” The SEC said it is seeking a permanent injunction against future violations.
Explaining how Koski perpetrated the fraud, the SEC alleged that the Hawaii resident had used internet message boards and different usernames to promote the fake documents. Koski’s objective according to the Commission was to not only boost the price of the security that used the symbol COTRP but bolster the value of his portfolio.
- Only Web3 Social Media Can Bring Back Power to Users — Phaver CEO Joonatan Lintala
**According to Joonatan Lintala, the co-founder and CEO of Phaver, the limited progress of the technology behind Web3 social media platforms is one of the reasons why prospective users are reluctant to try them out. Lintala also added that “none of the current generation Web3 protocols are yet ready to support multi-million user levels.”**
The Advantages of a Web3 Social Media Platform
Lintala, however, told Bitcoin.com News that dozens of Web3 companies are currently working towards finding solutions to drive the adoption and embrace of blockchain-based social media platforms.
Meanwhile, Lintala said he sided with those asserting that Web3 social media can potentially overcome problems often seen with Web2 platforms. He said the fact that such Web3 platforms are based on “user-controlled interoperable profiles” will assure prospective users that their data will not be controlled by a few entities or used without their consent.
- FTX Bankruptcy Special Counsel, Advisers Bill $38M for JanuaryFTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case.
https://www.coindesk.com/business/2023/03/07/ftx-bankruptcy-special-counsel-and-advisers-bill-38-million-for-january/
- All Chrismax for you
- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙
#orb #orbapp #orbsbt
- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩
#orb #orbapp #orbsbt
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
#orb #orbapp #orbsbt
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
#orb #orbapp #orbsbt
- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯
#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
- Gm,
Are you ready for some airbrush artwork generated by AI?
I've been loooong obsessed with airbrush technique, from the "mad men" ads from the mid-20th century on, to Japanese artists, I count Hajime Sorayama, Pater Sato, Peter Palombi or Peter Lloyd among my favorite artists.
Here is my (disturbing) AI pilgrimage:
Ad for the Sorayama Ethereum wallet
- Hey 🌿 @lensprotocol community!
I have created a 🌱 "use-lens" set of libraries to simplify the usage of Lens API by generation GraphQL code for different frameworks & libs, for example, React with Apollo Client.
All information is on Github:
https://github.com/use-lens/use-lens
- JPMorgan CEO Jamie Dimon: US-China Tensions, Russia-Ukraine War 'Far More Concerning' Than Recession
https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-us-china-tensions-russia-ukraine-war-far-more-concerning-than-recession/
- Google Admits Crypto Winter Is Hurting Ad Business
The digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged. Ad growth in the third quarter fell to a low seen only once in almost a decade, the tech company revealed this week.
https://news.bitcoin.com/google-admits-crypto-winter-is-hurting-ad-business/
- FTX to give a ‘one-time’ $6M compensation to phishing victims
FTX founder Sam Bankman-Fried said the exchange won’t be “making a habit of compensating” users that are “phished by fake versions of other companies.”
https://cointelegraph.com/news/ftx-to-give-a-one-time-6m-compensation-to-phishing-victims
- Bitcoin price hits $19.5K into weekly close as trader predicts 'green week'
There's reason to stay bullish on BTC as the weekly candle close approaches and price action breaks a dull status quo.
https://cointelegraph.com/news/bitcoin-price-hits-19-5k-into-weekly-close-as-trader-predicts-green-week
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AI generated image using the @selas.lens text2Image engine. Learn more at https://thegallerydao.io.
Prompt:
A beautiful installation art of a shown in great detail, surrounded by colorful and intricate patterns. The background is a simple but detailed landscape, with trees, bushes, and a river. By José Clemente Orozco, melancholic.
During October all posts are gasless and mint as a free collect
@thegallerydao.lens @selas.lens @lensprotocol
- Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in 'Stark Contrast' to Path Fiat Currencies Take
https://news.bitcoin.com/fidelity-discusses-bitcoin-as-portfolio-insurance-could-soon-stand-in-stark-contrast-to-path-fiat-currencies-take/
- Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists
https://news.bitcoin.com/bitcoins-rising-correlation-with-gold-indicates-investors-see-it-as-a-safe-haven-says-bank-of-america-market-strategists/
- Bitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip
Volatility is closing in, but traders may have to wait until the end of the year if history is to repeat itself, one analyst warns.
https://cointelegraph.com/news/bitcoin-6-8-weeks-from-breakout-as-hang-seng-echoes-lehman-brothers-dip
- FTX to give a ‘one-time’ $6M compensation to phishing victims
FTX founder Sam Bankman-Fried said the exchange won’t be “making a habit of compensating” users that are “phished by fake versions of other companies.”
https://cointelegraph.com/news/ftx-to-give-a-one-time-6m-compensation-to-phishing-victims
- Very exciting with lensprotocol !