Breaking Down the Bankless Backlash
David Hoffman, cofounder, responds to criticism surrounding the media brand’s DAO. Should he have been more hands-on? Source
Read More
Backlash
Elon Musk’s X platform faces backlash over XRP account suspension
X (formerly Twitter) executive chair and chief technical officer Elon Musk has faced criticism for the suspension of an XRP-related account.Crypto Eri, a well-known figure in the cryptocurrency community, directly reached out to Elon Musk on X, seeking clarification on whether the account suspension was an error.The account in question
Read More
Zoom updates terms after backlash, won’t train AI without consent
Video-conferencing platform Zoom has updated its terms of service after widespread backlash over a section concerning AI data scraping, clarifying that it won’t use user content to train AI without consent. In an Aug. 7 post, Zoom said its terms of service were updated to further confirm it would not
Read More
United Kingdom’s digital pound meets public backlash — Why?
British society is both civil and democratic, so it wasn’t unexpected that the government of the United Kingdom would “consult” the public before signing off on a digital version of the British pound. The response it received may have been surprising, though.The public canvassing conducted jointly by His Majesty’s Treasury
Read More
Azuki team faces backlash as buyers dump NFTs amidst losses
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Chiru Labs’ Azuki NFT collection witnessed a steep 44% drop in floor prices within a 24-hour period as holders and market observers criticized the newly launched Elementals NFT collection. Community responses indicated a prevailing sentiment that certain
Read More
Mick Mulvaney-Linked Astra Protocol (ASTRA) Faces Investor Backlash Over ‘Severely Deficient Communication’
The investors highlighted movements of the ASTRA tokens they characterized as suspicious. “Our most pressing concern, however, pertains to token movements. The address associated with the creation of the Astra token repeatedly transfers substantial sums to CEXs, suspiciously timed just prior to new announcements and invariably followed by a significant
Read More
UK Treasury Committee’s Bid to Regulate Crypto as Gambling Invites Industry Backlash
“This latest Treasury Select Committee report goes against the grain,” Mark Foster, the Crypto Council for Innovation’s European Union (EU) policy lead, told CryptoX. “It misunderstands and misrepresents digital assets. There are practical use cases around remittances, payments and pathways for greater financial inclusion.” Source
Read More
Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses Discontent
Hardware wallet maker Ledger is facing significant backlash for its recent introduction of a tool enabling users to back up their seed phrases through the transmission of encrypted key fragments to third-party firms. The crypto community has not embraced this new feature, with numerous digital currency users venting their frustration
Read More
Sotheby’s Relaunches Glitch Digital Art Sale After Representation Backlash
Notably, the community of artists that engage in glitch art "do not just identify as male or female but consist of people from every gender identity and expression, sexual orientation, race, ethnicity, language, neuro-type, size, ability, class, religion, culture, subculture, political opinion, age, skill level, occupation and background," Sotheby's adds.
Read More
BTC miners cash $5M on Ordinals, Reddit NFTs get botting backlash and more
Bitcoin (BTC) miners have pocketed over $5 million from creating nonfungible token (NFT)-like inscriptions using the Ordinals protocol.Transaction fees for Ordinals transactions exploded 240% from $1.5 million on March 10 to 5.2 million by April 12, according to Dune Analytics data.The rise came on the back of a rather slow
Read More