🫠 Yuga Labs restricts ApeCoin staking in North America

🫠 Yuga Labs restricts ApeCoin staking in North America 👇 Hacker behind infamous Mt. Gox hack starts moving funds ✨ ETH devs are moving ahead with EIP-4844: better scalability on the horizon?

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🫠 Yuga Labs restricts ApeCoin staking in North America 

👇 Hacker behind infamous Mt. Gox hack starts moving funds

✨ ETH devs are moving ahead with EIP-4844: better scalability on the horizon?

Yuga Labs restricts ApeCoin staking in North America

Looks like Yuga Labs has made the difficult decision to restrict access to its ApeCoin staking platform, ApeStake.io, for users in North America.

The move is a result of the “current regulatory environment” according to their statement. This will affect residents of Canada and the United States when it launches on September 5th.

ApeCoin DAO says that it was left with “no good alternative” but to selectively geo-block their service in North America. ApeStake.io will be using a smart contract upon launch, which will enable users to stake their ApeCoin tokens and receive rewards for doing so.

At the bottom of the page, it is also clarified that other countries and regions, including Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk will all be geo-blocked from staking. This means that these countries will not be able to access the platform and use it to stake ApeCoin.

This just goes to show that we've got a tough journey ahead if we want to make cryptocurrency more accessible. Yuga Labs is a great example of how companies have to adjust in order to stay compliant, and it feels like the suits have many more tricks up their sleeves. Hopefully, the crypto space will continue to find ways to innovate in spite of regulatory uncertainty.

Overall, it's important to note that Yuga Labs is still moving forward with staking and that the company remains committed to developing its platform, though it's a shame that North American users won't be able to benefit from the staking system.

Hacker behind infamous Mt. Gox hack starts moving funds

The hacker behind the infamous Mt. Gox hack woke up from their 7-year slumber and started moving his ill-gotten BTC.

An estimated 167 million dollars worth of BTC, held by a wallet linked to the 2014 Mt. Gox hack, was sent to two anonymous wallets on November 23. The funds were split between 3,500 and 6,500 BTC respectively.

This can be quite a wake up call for those who hoped the money was gone forever. After seven years of sleeping, it seems like the hacker has decided to make their presence known once again.

One can only wonder why they didn't take the opportunity to cash out when BTC was at its peak in 2021? Maybe they just need the money. In any case, this will be seen as a bearish move by many traders, as they'll be questioning the intentions of the hacker.

The only thing that can be said for sure is that it's still uncertain who these funds belonged to or where they were going - but one thing is certain: nobody wants to be anywhere near them. Best of luck hackers! We hope you don't get your accounts (or wallets) frozen.

ETH devs are moving ahead with EIP-4844: better scalability on the horizon?

Ethereum devs aren't just content to let Layer 2 solutions do all the heavy lifting - they've got their eyes on the prize with EIP-4844, a proposal that could take Ethereum scalability beyond anything we've seen before. It's so anticipated, in fact, that devs have been discussing it for months and now it looks like the plan is full steam ahead.

The devs have included EIP-4844 aka "proto-danksharding" into "considered for inclusion" list, and that means that they're currently working on this feature.

But what does it do?

Well, EIP-4844 aims to introduce a new kind of transaction format to Ethereum called "shard blob transactions". This new type of transaction will allow users to store off-chain data in the Ethereum blockchain temporarily so that it can be accessed by all participating nodes. What's even better is that this feature could make using Layer 2 rollup solutions such as Optimism and Arbitrum even cheaper than the Ethereum base layer. Now that's what we call a win-win situation!

The potential benefits of this proposal are huge, and it's easy to see why Ethereum developers are so excited about EIP-4844. It could be the key to unlocking even greater scalability for Ethereum - and we're getting there one step at a time.