Tag: Permanently

Rebase Bug Permanently Breaks Yam Governance

boss

A bug in the hastily-developed contracts for Yam Finance resulted in the governance contracts being “permanently broken” and $750,000 worth of Curve tokens being locked from use. Andre Cronje, DeFi developer and founder of the yEarn protocol, told Cointelegraph that this resulted from a bugged rebase function. Yam is supposed to be a stablecoin with a similar mechanism to Ampleforth, with the contracts creating or destroying supply based on the token’s price to maintain a $1 peg. Cronje said that a bug in the rebase function meant that each call…

Facebook & Twitter Want You to Permanently Work Remotely for Selfish Reasons

boss

Facebook is at the forefront of encouraging permanent remote-working after the coronavirus pandemic. More tech firms are embracing this policy, meaning tech workers won’t have to live in expensive San Francisco. After disrupting entire industries in the past few decades, it’s now time for tech employees to face a disruption of their own. What’s there not to love about working from home? There’s no lengthy commutes. You get more time with loved ones. You can live where you want. It looks like a swell deal. That’s what Coinbase, Facebook (NASDAQ:FB),…

Darknet Market to Permanently Ban Vendors Preying on COVID-19 Fears

boss

Dark web marketplace, Monopoly Market, has taken a stand against scammers claiming to sell cures and treatments for COVID-19 on its platform. On other darknet platforms, listings are rife with coronavirus keywords — with vendors selling everything from narcotic cocktails marketed as ‘coronavirus vaccines,’ to coronavirus-infected blood and saliva. Monopoly Market to ban vendors using coronavirus as ‘marketing tool’ On April 2, dark web journalist, Eileen Ormsby, tweeted a screenshot posted by Monopoly Market’s operator that threatened permanent bans against vendors “caught flogging goods as a ‘cure’ to Coronavirus.” “We…

New York District Judge Rules That CFTC Can Permanently Ban Crypto Firm

boss

The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New York-based firm CabbageTech Corp. for cryptocurrency-related “bold and vicious fraud,” Bloomberg reported August 24. Earlier this year, Patrick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was charged with “fraud and misappropriation in connection with purchases and trading of Bitcoin (BTC) and Litecoin (LTC).” McDonnell subsequently argued that the CFTC did not have the authority to regulate his commercial operations; however, New York district judge Jack B. Weinstein rejected his…