News Explorer — Nouns NFT Community Splits via Fork as $27 Million Leaves Treasury

Decrypt

Nouns NFT Community Splits via Fork as $27 Million Leaves Treasury

The Nouns NFT community experienced a fracture on riday when a proposed fork was completed, resulting in holders with over half of the NFTs leaving and withdrawing $27 million worth of ETH from the project treasury. The fork allowed the owners to join a new DAO organization and receive replacement NFTs with identical artwork, and members can opt to take a 35.5 ETH payment in exchange for their NFT. This move reflects a lack of confidence in the current Nouns DAO format and the declining market value of Nouns NFTs.

Source Article

Latest

Sep 15, 3:20 pm

Decrypt

North Korean Hacking Group Behind $240M in Crypto Thefts Over Past 104 Days: Report

Elliptic’s report reveals that North Korean hacking group Lazarus has been increasing its activity, being linked to five… Read Summary

Source Article

Sep 15, 2:28 pm

Decrypt

Nouns NFT Community Splits via Fork as $27 Million Leaves Treasury

The Nouns NFT community experienced a fracture on riday when a proposed fork was completed, resulting in holders with ov… Read Summary

Source Article

Sep 15, 2:20 pm

Decrypt

SEC Motion to Unseal Binance Documents Granted by Judge

The SEC’s motion to unseal documents in its lawsuit against Binance US has been approved by a district judge. The docume… Read Summary

Source Article

Sep 15, 12:32 pm

Decrypt

Hong Kong Regulator Warns that Crypto Firms Aren’t Banks

The Hong Kong Monetary Authority (HKMA) has warned investors about crypto companies falsely describing themselves as “ba… Read Summary

Source Article

Sep 15, 11:19 am

Decrypt

PUBG Maker Krafton Reveals ‘Overdare’ NFT Metaverse Game

South Korean game studio Krafton has announced its upcoming NFT-driven metaverse game project called Overdare. The game,… Read Summary

Source Article

Sep 15, 11:17 am

Decrypt

Ethereum: What’s Happened Since the Merge?

It has been one year since Ethereum fully transitioned to proof of stake, resulting in notable developments such as a de… Read Summary

Source Article

Sep 15, 10:58 am

Decrypt

Bitcoin Mining Is Greener Now, Report Claims—Is It Legit?

Bloomberg’s research note on Bitcoin mining’s green energy mix is missing a key detail, according to an industry expert…. Read Summary

Source Article

Sep 15, 10:22 am

Coindesk

Gemini Slams DCG/Genesis Bankruptcy Remuneration Plan

Gemini has criticized a bankruptcy recovery plan proposed by Genesis, its partner on a frozen lending program. Gemini ar… Read Summary

Source Article

Sep 15, 7:02 am

Coindesk

Ethereum Launches Holesky Test Network

Ethereum developers have launched a new test network called Holesky, which aims to improve the blockchain’s testing capa… Read Summary

Source Article

Sep 15, 5:43 am

The Block

Friend.tech Is Surging Again After Initial Hype Cycle

Crypto social token platform Friend.tech is buzzing again. The price of Friend.tech’s top key has reached nearly 40% of… Read Summary

Source Article

Sep 15, 5:31 am

Coindesk

BitGo and Swan Plot Bitcoin-Centric Trust Firm

BitGo and Swan are planning to create a Bitcoin-only trust company to offer custody services without exposure to other d… Read Summary

Source Article

Sep 15, 5:25 am

Decrypt

Sam Bankman-Fried: ‘There’s Nothing I Can do to Make my Lifetime Impact Net Positive’

Former FTX CEO Sam Bankman-Fried, currently under house arrest and awaiting trial, expressed feelings of being “broke” a… Read Summary

Source Article

Sep 15, 5:13 am

Coindesk

F2Pool Returns 19.8 Bitcoin to Paxos After $500,000 Transaction Fee Error

Bitcoin miner F2Pool has returned 19.8 BTC to Paxos after the crypto services firm paid a $520,000 fee on a transaction… Read Summary

Source Article

Sep 15, 2:45 am

Coindesk

Celsius and Core Scientific Reach $45M Deal Over Mining Rig Shutdown

Crypto mining providers Celsius and Core Scientific have reached a tentative $45 million deal to resolve their legal dis… Read Summary

Source Article