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Ethereum Devs Successfully Complete Merge Shadow Fork With No ‘Client Incompatibility Issues’

Ethereum Devs Successfully Complete Merge Shadow Fork With No ‘Client Incompatibility Issues’Next week or roughly around four days from now, The Merge is expected to be implemented and Ethereum will transition from proof-of-work (PoW) to proof-of-stake (PoS). According to Ethereum developers, prior to the Paris upgrade, programmers successfully completed the 13th and last shadow fork. Ethereum’s 13th and Last Shadow Fork Is Complete On Friday, social […]

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF

Ethereum Implements Bellatrix — Network’s Upcoming Paris Upgrade to Trigger The Merge, Validator Block Production

Ethereum Implements Bellatrix — Network’s Upcoming Paris Upgrade to Trigger The Merge, Validator Block ProductionThe blockchain network Ethereum has officially activated the Bellatrix upgrade, the final change before The Merge, the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS). Bellatrix was successfully codified into the codebase at epoch 144,896 on the Beacon chain and Ethereum co-founder Vitalik Buterin detailed it was important for network participants to update their […]

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF

Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations

Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction AssociationsAccording to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from Uniswap’s server. 30 out of the 253 Blocked Addresses Are ENS Domain Names, Uniswap […]

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF

‘Decentralized Twitter’ Bluesky releases code, outlines content moderation

Bluesky outlined that it is “not possible to have a usable social network without moderation,” and intends to build a moderation model for the network dubbed “speech and reach.”

Twitter’s decentralized social media project Bluesky has released its first batch of code, and also committed to content moderation on the network.

Former Twitter CEO Jack Dorsey first announced Bluesky back in late 2019, but the project went independent in February after receiving $13 million worth of funding from Twitter. However, Dorsey is still a member of the board.

Bluesky released its “Authenticated Data eXperiment” (ADX) protocol code via a May 5 blog post titled “Working in Public.” The team noted that it will be publicly sharing the process of developing the platform by “releasing work before it’s complete, but also giving ourselves time to workshop new directions at early stages.”

Developers are now free to experiment with the network architecture, but Bluesky notes that it is still very basic, and that “things are missing, and things are going to change.”

At this stage, the ADX protocol will utilize “self-authenticating data” which is a model that enables operations on a network to be certified independently without a centralized host or authority. The general idea is that the user will have control over their data and can move it from platform to platform without permission, which is an idea central to the Web3 movement.

“Self-authenticating data moves authority to the user and therefore preserves the liveness of data across every hosting service.”

Content moderation

While the platform will be decentralized, Bluesky outlined that it is “not possible to have a usable social network without moderation,” and intends to build a moderation model for the network dubbed “speech and reach.”

It continued: “Moderation occurs in multiple layers through the system, including in aggregation algorithms, thresholds based on reputation, and end-user choice. There's no one company that can decide what gets published; instead there is a marketplace of companies deciding what to carry to their audiences.”

Bluesky also outlined that hosting providers will still be legally required to “remove illegal content according to their local laws.”

Related: Binance commits $500M to co-invest in Twitter with Elon Musk

Following reports that Elon Musk is set to take over Twitter for $44 billion, Bluesky explained via the social media platform on April 26 that this move will have no bearing on the company.

While Twitter did back Bluesky with $13 million, the project noted that the only condition of the deal is that the team must “research and develop technologies that enable open and decentralized public conversation.”

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF

DeFi detective alleges this ‘suspicious’ smart contract code may put dozens of projects at risk

“TLDR: they can pull $$ even if the owner is the null address,” writes Zachxbt.

According to famed decentralized finance (DeFi) detective Zachxbt, 31 nonfungible token (NFT) projects may be at risk due to “suspicious code.” In a lengthy Twitter thread published Tuesday, the DeFi detective first raised the issue of NFT project Thestarlab, which was allegedly compromised for 197.175 Ether (ETH), worth $580,325 at the time of publication. Zachxbt quoted fellow blockchain investigator MouseDev, who came to the following conclusion after reviewing the code behind Thestarlab: 

“The smart contract [for this project] can never truly be renounced or transferred—only an additional owner. The original deployer will always be considered the owner. This means if they still have the private key of the deployer, they can pull the money, even though the owner is the null address.”

MouseDev claimed that when the projects’ developers deployed their contract, they stored two variables as the owner. “Then they later changed one of them to the null address to appear as though they relinquished but kept another unchanged variable,” said MouseDev.

Based on this information, Zachxbt claimed to have uncovered 31 NFT projects that all contracted the same Fiverr developer to deploy the allegedly problematic smart contract. Additionally, the DeFi detective had the following remarks:

“Please do proper due diligence. Always review the contract beforehand, especially if outsourced. Luckily, since then a few of the projects were able migrate contracts and confront the Fiver dev. After reviewing internally, a few found other red flags as well.”

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF

Kickstarting the Bitcoin Network: A Look at the Genesis Block and Source Code That Sparked a Financial Revolution

Kickstarting the Bitcoin Network: A Look at the Genesis Block and Source Code That Sparked a Financial Revolution13 years ago today, the anonymous creator of the Bitcoin protocol kickstarted the network by mining the genesis block. Satoshi started the genesis block on Saturday, January 3, 2009, at precisely 1:15 p.m. (EST), and since then more than 700,000 blocks have been mined into existence. Kickstarting the Bitcoin Network Today, bitcoiners and cryptocurrency advocates […]

Vanguard CEO Salim Ramji Sticks to Firm’s Anti-Crypto Stance, No Plans for Bitcoin ETF