👉 OpenSea won't support any Ethereum forks

👉 OpenSea won't support any Ethereum forks ☁️ Helium is getting rid of its own blockchain in favor of Solana 👮 MicroStrategy CEO sued for tax fraud

GM, vEmpions! Our motto here today is: "Cheer up, it's Friday!" If you're feeling a little down, don't worry- it's almost the weekend! Just think about all of the fun things you can do to pass the time. Maybe you can finally finish that book you've been meaning to read, or watch all of the movies on your Netflix queue. But in the meantime, check out what we have for you today:

👉 OpenSea won't support any Ethereum forks ☁️ Helium is getting rid of its own blockchain in favor of Solana 👮 MicroStrategy CEO sued for tax fraud

OpenSea won't support any Ethereum forks

OpenSea says it won't support any ETH forks. So, if you're looking to buy or sell an NFT on the OpenSea marketplace, you'll have to do it on the upgraded Ethereum PoS chain. No forks allowed! "We are committed to solely supporting NFTs on the upgraded Ethereum PoS chain," the company tweeted.

This decision won't come as a surprise to anyone familiar with the Ethereum community. There has been a lot of discussion about which chain will be the "real" Ethereum once the PoS upgrade happens. OpenSea clearly doesn't want to get caught in the middle of that debate.

It's a smart move, considering that forks can be confusing and messy. By only supporting NFTs on the upgraded Ethereum chain, OpenSea can avoid any potential issues that might arise from supporting multiple chains.

Of course, this decision may not sit well with everyone. Some people may prefer to use a fork of Ethereum, such as ETH Classic or ETHPOW. But for the time being, it looks like they'll have to go elsewhere to buy and sell their NFTs.

Helium is getting rid of its own blockchain in favor of Solana

If you thought the world of blockchain was full of drama, just wait until you hear about the latest proposal from Helium devs. They're proposing ditching their own blockchain in favor of Solana.

Yes, that's right. The team behind the IoT blockchain network known as Helium is considering a move to the Solana blockchain. Why? To "improve operational efficiency and scalability," of course.

Apparently, the need to bring "significant economies of scale" to the network is more important than, you know, actually using their own blockchain. But we're sure they know what they're doing.

For those unfamiliar with Helium, it operates by users installing a Helium Hotspot to provide decentralized coverage for internet users in their area. Helium uses a unique consensus mechanism that... well, we won't bore you with the details. Helium is criticized for its lack of user demand and extremely poor revenue generation. In light of the recent four-hour outage that affected HNT tokenholders and Hotspot miners, the comments by critics seem to be even more relevant. The Helium network has been touted as a game-changing technology that would revolutionize the internet of things. However, it seems that the network is still struggling to live up to the hype. With frequent outages and low user adoption, it remains to be seen whether Helium can truly become a mass-adopted technology.

Suffice it to say, if they do make the switch to Solana, it'll be interesting to see how it all plays out.

MicroStrategy CEO sued for tax fraud

It looks like Bitcoin whale Michael Saylor is in hot water with the District of Columbia. D.C. Attorney General Karl Racine announced Wednesday that Saylor is being sued for tax fraud.

Racine added that Washington D.C. is also suing MicroStrategy, the company Saylor leads, for conspiring to help him evade taxes.

This is ironic, considering that Saylor is a vocal advocate of strict regulations and governments interfering with crypto business. He called for more government involvement in the industry as recently as last month. But will his tune change now that he’s on the receiving end of government's stick?

That's not the first time Saylor has gotten into trouble with the law, either. In 2000, the Securities and Exchange Commission brought civil accounting fraud charges against MicroStrategy for misrepresenting the company’s financial information for two years. The case ended with a settlement that resulted in Saylor personally forking up $8.2 million and paying an additional $350,000 in penalties.

It looks like Saylor just can't stay out of trouble. Let's see how he fairs this time around.