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Fluidkey Launches to Tackle the Transaction Privacy Issues on EVM Chains

Fluidkey Launches to Tackle the Transaction Privacy Issues on EVM ChainsFluidkey has announced it has opened its Optimism-based alpha to more users, allowing them to test their private solutions. Fluidkey seeks to solve the transaction privacy problem in EVM chains by leveraging ENS and stealth addresses, allowing users to use a new self-custodial asset for each payment, and segregating these movements to avoid linkability. Fluidkey […]

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

GoDaddy To Link Website Domains to Ethereum Name Service (ENS) Domains for Free

GoDaddy To Link Website Domains to Ethereum Name Service (ENS) Domains for Free

GoDaddy, a world leader in web hosting and registration, is announcing a partnership with Ethereum Name Service (ENS), a domain naming service built on top of Ethereum (ETH). According to a new press release, users of GoDaddy domains can now link their domains to ENS without any additional costs or technical knowledge. As stated by […]

The post GoDaddy To Link Website Domains to Ethereum Name Service (ENS) Domains for Free appeared first on The Daily Hodl.

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

ENS developers urge Unstoppable Domains to drop patents or face lawsuit

ENS developer Nick Johnson claims a patent granted to Unstoppable Domains in January is entirely based on ENS Labs innovations.

Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). 

In January, Unstoppable Domains was granted its first patent, US11558344, which claims that Braden River Pezeshki, Matthew Everett Gould and Bogdan Gusiev are the inventors of a technology that uses blockchain technology to determine domains. The patent request was filed with the United States Patent and Trademark Office in 2021. 

According to Johnson, the patent is "based entirely on innovations that ENS developed and contains no novel innovations of its own." The ENS documentation stipulates that:

"The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS's job is to map human-readable names like 'alice. eth' to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata."

In the open letter published on Nov. 17, Johnson claims that all the ENS work is under open-source licenses, with all standards publicly available for implementation. According to him, continued attempts to contact Unstoppable Domains about the issue have failed in recent months.

Screenshot of patent granted to Unstoppable Domains on January 17, 2023. Source: USPTO.

"UD has subsequently issued a press release ‘pledging’ its first patent to the Web3 Domain Alliance, an industry group founded and run by Unstoppable Domains. We appreciate the sentiment behind this, but regrettably, press releases are not legally binding," Johnson noted in the thread.

"We are thus requesting that Unstoppable Domains put legal weight behind its PR commitment, with an unconditional and irrevocable patent pledge."

The ENS Labs is "ready to challenge this patent, which we believe is entirely derivative of our own inventions; a position we are able and willing to demonstrate.," Johnson warned.

One of the alleged inventors from Unstoppable Domains, Matthew Gould, responded in the thread, extending an open invitation to join the Web3 Domain Alliance, the blockchain domain registry organization allegedly pledged with the patent. Gould also argued that:

"I think your proposed solution doesn’t take into account the fact that we want there to be multiple naming systems - not just ENS - and the only way to ensure that future is to have a place where everyone (not just UD and ENS) collaborate."

Cointelegraph reached out to Unstoppable Domains, but did not receive an immediate response.

The thread has caught the attention of the crypto community. Bob Summerwill, executive director of the Ethereum Classic Cooperative (ETC Cooperative), noted that requiring organizations to join the Web3 Domain Alliance for rights over the technology is also a direct attack on the open-source ethos.

"Also, Matt, this prior pledge is not the same as we are talking about, because legal entities need to 'join the club' to benefit from the patent pledge. You are retaining the right to patent attack anybody who does not comply and join your alliance."

Magazine: Ethereum restaking — Blockchain innovation or dangerous house of cards?

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

Billionaire Mark Cuban Suffers $870,000 in Losses to a Crypto Hack: Report

Billionaire Mark Cuban Suffers 0,000 in Losses to a Crypto Hack: Report

Business magnate Mark Cuban has reportedly been hacked to the tune of hundreds of thousands of dollars worth of digital assets. According to a new report by DL News, the billionaire’s MetaMask wallet was hacked and 10 different crypto assets worth $870,000 were stolen from him. The report finds that Cuban had Ethereum (ETH), Lido […]

The post Billionaire Mark Cuban Suffers $870,000 in Losses to a Crypto Hack: Report appeared first on The Daily Hodl.

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

Ethereum Name Service adds fiat payments for ENS domain registrations

Ethereum Name Service has integrated fiat payment options for new decentralized domain registrations in a new partnership with MoonPay.

Web3 users can now register decentralized .eth domains on the Ethereum Name Service (ENS) protocol using a host of fiat payment options, including Apple Pay, and Google Pay, as well as debit and credit cards,

ENS announced the launch of a new fiat on-ramp for domain registrations through Web3 fiat payment gateway MoonPay on April 20. Registrations of .eth domains previously had to be paid for using Ether (ETH) via cryptocurrency wallets, which was cited as a barrier to entry for prospective Web3 users.

MoonPay’s service has been integrated into the ENS website, while the platform also launched version 3 of its user interface to streamline sign-ups. This is aimed at eliminating the need for multiple transaction approvals previously required with cryptocurrency wallets.

A statement from ENS founder Nick Johnson highlighted the service’s focus on making Web3 “human-readable” to simplify the process of obtaining decentralized digital identities. ENS allows users to map human-readable names like “cointelegraph.eth” to machine-readable information like cryptocurrency addresses and URLs:

“This allows us to reach those who are either just entering the space or who are not yet comfortable with transacting and would prefer to use the currency and payment form they understand best.”

The upgrade of ENS’s platform is also touted to expand its usability beyond a primary use-case of creating human-readable names for wallets to replace numerical addresses typically generated by wallet service providers, platforms and blockchain protocols.

ENS users can use names to host censorship-resistant websites, which can be linked to conventional domain name service (DNS) addresses already in use.

Related: State of play: Decentralized domain services reflect on industry progress

MoonPay’s vice president of partnerships, Bree Blazak, highlighted the integration with ENS as a means to create a simple payment experience for new users looking to obtain digital identities or decentralized domains:

“Our partnership with ENS delivers that by making it possible to buy a .eth name with some of the most familiar payment methods available.”

Ethereum Name Service hasseen over 2.3 million names created from more than 550,000 unique addresses. As Cointelegraph previously explored, decentralized domain name registrations have been on the rise over the past two years.

Both ENS and Unstoppable Domains have become leading platforms onboarding new users to the world of Web3 and decentralized identities. The latter also partnered with MoonPay to incorporate nonfungible token domains in transactions on the platform in July 2022.

Magazine: 2023 is a make-or-break year for blockchain gaming: Play-to-own

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

FTX Debtors’ List of Assets Omits Mention of Large Stash of NFTs and ENS Names Owned by Alameda 

FTX Debtors’ List of Assets Omits Mention of Large Stash of NFTs and ENS Names Owned by Alameda This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX’s and Alameda Research’s cache. However, the disclosure to unsecured creditors does not mention the extremely large […]

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

Crypto exchange adoption boosts ENS registrations over 2.2M

The Ethereum Name Service rounded off 2022 with over 2.2 million ENS domains registered, helped in part by integrations with exchanges and industry participants.

2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space.

According to the service, over 80 percent of the total ENS domains created since the project's inception were registered in 2022. Data from Dune Analytics shows that ENS has around 2.82 million names registered as of Jan. 2, with 630,340 owners of ENS domains.

As Cointelegraph previously explored in an exclusive interview with ENS founder Nick Johnson, the service allows users to map human-readable names like “nick.eth” to machine-readable information like cryptocurrency addresses and URLs.

The service has been driven by users adopting ENS names for decentralized profiles that work across decentralized applications and platforms. ENS domains serve as ETH wallet addresses, cryptographic hashes or website URLs and are effectively nonfungible tokens (NFTs).

Related: Ethereum co-founder’s poll shows people want $100 lifetime .eth domains

The growing popularity of the service saw a number of partnerships with major exchange operators like Coinbase come to the fore. The American exchange announced the integration of ENS in September 2022, giving users the ability to replace traditional Coinbase cryptocurrency wallet addresses with language-based usernames.

While default ENS domains end with .eth, Coinbase’s integration of the service allows users to claim “name.cb.id” usernames using Coinbase Wallet’s browser extension. Coinbase's adoption of the ENS service was driven by the utility of ‘human-readable’ names in making Web3 more user friendly.

Data shows that September saw the largest number of ENS registrations created last year, with 437,000 ENS domains registered. The data suggests that the exchange’s ENS integration significantly impacted new sign-ups in 2022. May 2022 was also a bumper month for ENS, as low gas fees on the Ethereum network played a role in a surge of .eth domain registrations. 

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

Top Analyst Forecasts Massive 2023 Bitcoin Rally, Updates Outlook on Ethereum and Cosmos

Top Analyst Forecasts Massive 2023 Bitcoin Rally, Updates Outlook on Ethereum and Cosmos

A widely followed crypto strategist believes that Bitcoin (BTC) is gearing up for a massive rally next year. Analyst Michaël van de Poppe tells his 642,700 Twitter followers that he expects Bitcoin to ignite big rallies toward his targets of $42,313 and $50,324 by June 2023 based on key Fibonacci levels. “Relief rally targets for […]

The post Top Analyst Forecasts Massive 2023 Bitcoin Rally, Updates Outlook on Ethereum and Cosmos appeared first on The Daily Hodl.

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation