Monday, November 18, 2024
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US Justice Department Extradites Alleged Co-Founder of Crypto Ponzi Scheme From Panama

The U.S. Department of Justice (DOJ) has extradited the man accused of being one of the co-founders of the global cryptocurrency Ponzi scheme AirBit Club. The Acting U.S. Attorney for the Southern District of New York, Audrey Strauss, said Monday the accused, Gutemberg Dos Santos, was extradited from Panama last week. Along

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Economic justice doesn’t need the blockchain, say advisors to ‘The Squad’

American progressives, particularly the high-profile group of Congresswomen known as “the Squad,” have been highly vocal on questions of economic equity, the corrosive social impact of Big Tech and the need to reimagine fiscal and monetary policy in the post-2008 and post-COVID-19 political moment.How do they view blockchain technologies and

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Blockstream’s ‘Watchtowers’ Will Bring a New Justice System to the Lightning Network

Watchtowers, a semi-trusted payment channel sheriff, will keep the peace among lightning nodes. The new feature is likely to be implemented in the coming months.Spearheaded by Blockstream’s c-Lightning team, the Watchtowers are part of Eltoo, a proposed enforcement layer for the lightning network.“A Watchtower is basically outsourcing the penalizing of

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