• Craig Wright word worthless
    Alt coins,  People

    Judge to Craig Wright: Your word is worthless

    The court ruled against nearly every argument the self-proclaimed Satoshi Nakamoto made about what evidence should be shown to a jury

    “I give no weight to sworn statements of Dr. Wright that advance his interests but that have not been challenged by cross-examination and for which I cannot make a credibility determination. I have previously found that Dr. Wright gave perjured testimony in my presence,” Magistrate Judge Bruce Reinhart wrote in a scathing 14-page order.

  • MakerDAO adds centralized USDC
    Alt coins,  Cryptocurrencies,  Ethereum

    DAI another day: USDC can be used as collateral at embattled MakerDAO

    Coinbase and Circle’s USDC stablecoin is now being accepted to back loans, raising questions of centralization at the ‘pure’ DeFi coin

    A major reservation with accepting USDC as collateral lied in how the stablecoin is centralized. This is a significant departure from Maker’s stance of ensuring DAI is only backed by decentralized assets—as USDC is the brainchild of Coinbase and Circle, major players in the crypto industry. As MakerDAO’s (now out of date) white paper noted: “Unlike other Stablecoins, DAI is completely decentralized.”

  • Steem Justin Sun under the bus
    Alt coins,  People,  Technology

    Huobi, Binance throw Justin Sun under the bus

    The two exchanges have essentially repudiated their support of the mega-marketing Tron CEO’s hostile takeover of the Steem blockchain

    Facing widespread anger from the Steem community, two leading cryptocurrency exchanges have thrown Tron Foundation CEO Justin Sun under the bus after initially supporting his hostile takeover of the Steem blockchain.