2022 was a rather challenging year for the crypto sector, and the prevalence of Ponzi schemes, decentralized finance scams, nonfungible token rug pulls and questionable centralized exchange bookkeeping put the issue of ethics in the space on blast. Of course, the negative news of last year wasn’t an outlier or a one-off — generally, “good” ethics have been an issue in crypto for years, and it’s probably safe to assume that challenges will continue to dot the landscape for the foreseeable future. Within the context of media, it’s important to recognize that objective, unbiased news reporting and transparency are paramount …
A bounty of up to $1 million has been offered to anyone who can cast light on the precise backing of Tether’s reserves. That backing just got a little bit murkier after Celsius Network CEO Alex Mashinsky reportedly said that Tether mints new Tether (USDT) in exchange for crypto assets — which appears to conflict with Tether’s own terms and conditions. Forensic financial research firm Hindenburg Research tweeted on Wednesday to its 171,000 followers that it holds “doubts about the legitimacy of Tether” and offered a reward of up to $1 million for important details on Tether’s reserves, which it …
Rupert Murdoch's mass media company Fox Corp. has launched a $100 million creative fund for NFTs, under the auspices of its ne NFT firm Blockchain Creative Labs. The NFT division was unveiled last month alongside a new animated comedy series dubbed “Krapopolis” from Rick and Morty co-creator Dan Harmon. The show is set to premiere in 2022, and will be a satirical comedy focused on life in ancient Greece. Fox says he $100 million in funding will be used to support “content creators, IP owners, and advertising partners end-to-end blockchain computer ecosystem solutions to build, launch, manage and sell NFT …
Blockchain holding group Borderless Services Inc. made headlines in late April amid reports that it had placed a $700 million bid to acquire business news publisher Forbes Media LLC. In an interview with Cointelegraph, CEO Patrick McConlogue shed light on the acquisition target and why it aligns with the organization’s overall vision. “Acquiring any company is a long process, and there are a lot of moving parts,” McConlogue wrote in an email, adding: “We are excited to participate either as owners, partners, or combined force with the other bidders. Collectively we all want Forbes back under US ownership and are …
Uniswap Labs has announced plans to release a new self-custodial mobile wallet that will offer users the ability to swap on L1 or L2 networks without having to switch networks. According to Uniswap Labs, the wallet will allow users to check price charts and search for any token across various networks, including Ethereum, Polygon, Arbitrum, and Optimism. To ensure maximum security, Uniswap Labs worked with Trail of Bits for the audit of the wallet. Additionally, the seed phrases and private keys of both imported and newly created wallets will be encrypted and stored on devices using Apple's secure enclave, which …