Tag: Developer

Dutch Prosecutors Reportedly Charge Tornado Cash Developer With Money Laundering

Alexey Pertsev, a developer for Tornado Cash, has reportedly been indicted by prosecutors in the Netherlands. They accuse him of laundering $1.2 billion. Pertsev’s attorney confirmed the prosecutors’ intent to charge his client. According to Dutch prosecutors, while a crypto-mixing service is not “inherently illegal,” using it to launder criminal assets is punishable. Dutch Prosecutors […] Source CryptoX Portal

What is SLERF? Solana Meme Coin Flies as Developer Loses $10 Million in Presale Funds

SLERF’s launch came on the back of an ongoing narrative that has seen developers raising millions of dollars, usually in SOL tokens, on the promise of a meme coin airdrop. Some on-chain watchers estimate that over $100 million worth of tokens were sent to such presales over the weekend. The frenzy contributed toward the SOL price crossing $200 for the first time since November 2021. Source

Eigen Labs, Developer Behind Restaking Protocol EigenLayer, Raises $100M From A16z Crypto

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Developer Explains Why Meme Coins Are Shifting Base From Ethereum

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Foobar, a code builder, criticizes Ethereum, accusing its developers of neglecting crucial improvements. Because of this shift, projects, including meme coin issuers, are adopting alternative protocols, including layer-2s and modern blockchains like Solana, which boast more features, mostly higher scalability.  Ethereum Developers Are Blocking Mainnet Updates Taking to X, the developer claims that there have been no major mainnet improvements chiefly because such upgrades are being blocked by core and client developers. Specifically, Foobar cites the long-standing delays for features like Trie State Storage Optimizations (TSTORE) and Externally Owned Account (EOA)…

Polygon Labs, Developer of Layer-2 Networks, Releases ‘Type 1 Prover’ Said to Bring Ethereum Equivalence

Vitalik Buterin, the co-founder of the Ethereum blockchain, has previously written about the different types of provers, arguing that the benefit a Type 1 prover is that it is perfectly compatible with Ethereum, while the disadvantage is that there’s a lot of computation power that goes into producing ZK-proofs that are compatible with Ethereum, taking up to hours to produce. Source

You Can Now Play DOOM on Dogecoin as Developer Adds Iconic Game to Network

“The advent of Doginals on the Dogecoin blockchain, akin to Ordinals on Bitcoin, has the potential to revolutionize the way we view blockchain transactions,” @minidogeart said in an X message to CoinDesk. “Embedding digital assets directly into the proof of ownership, Doginals add significant intrinsic value to each transaction. This transformation elevates each exchange from a mere financial transaction to a permanent and secure record of digital asset ownership.” Source

Hong Kong’s game developer Linekong Interactive to buy up to $6m in crypto

Chinese public game developer Linekong Interactive plans to purchase $6 million in Bitcoin and Ethereum. In a regulatory filing with the Stock Exchange of Hong Kong on Jan. 21, Linekong Interactive proposed a revision of its previously approved transaction to buy up to $5 million in Bitcoin (BTC) and Ethereum (ETH). Now, the Hong Kong-based game developer wants to increase that cap to $6 million, citing the rapid rise in crypto prices. “The company believes these revisions would provide flexibility to the board in capturing fleeting opportunities in the highly…