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  • 11/30/2023: Is Jack Censoring Ordinals? ⛏️🎛️🐜

11/30/2023: Is Jack Censoring Ordinals? ⛏️🎛️🐜

Author

Valko
November 30, 2023

Top News

  • ⛏️ Jack Dorsey’s decentralized mining pool is censoring ordinals

  • 🎛️ KyberSwap hacker demands full control over KyberDAO

  • 🐜 AntPool agrees to refund record $3M Bitcoin transaction

Jack Dorsey’s Anti-Censorship Bitcoin Mining Pool Is Censoring Ordinals

The company said has it created "only non-custodial" mining pool where miners get the new bitcoin block reward directly from the network.

⌐◪-◪ → The Jack Dorsey plot thickens. His recent $6.2M investment in OCEAN was supposed to help decentralized Bitcoin mining, but it looks like its doing the opposite. Ordinal collectors are accusing OCEAN of censoring Ordinals transactions and the debate on X is getting heated. While some believe Ordinals are a waste of blockspace, others say the fees they generate for miners outsize the block subsidy.

KyberSwap hacker demands full control in bizarre on-chain message

The hacker responsible for draining $47 million from KyberSwap last week has demanded full control over Kyber in a bizarre on-chain message.

⌐◪-◪ → The infamous KyberSwap hacker has awakened! Just last week, the hacker sent a cryptographic message to KyberSwap, after stealing $48M, stating that negotiations would begin once they’re fully rested. Fast forward, today the hacker demanded full control of Kyber to make some “legislative changes”. The hacker also made a mysterious reference to a “small error” the team made, a rounding error that “could have been made by anyone”.

AntPool agrees to refund record $3 million Bitcoin transaction fee

AntPool said its risk control system froze the mining fee and has asked the owner to reach out before December 10 to verify their ownership.

⌐◪-◪ → Remember that guy who accidentally paid $3M for a Bitcoin transaction last week? Well AntPool, the worlds largest Bitcoin miner, decided to give the $3M back. This is not the fist time something like this has happened. At the end of the day, miners are just regular businesses, meaning they can do stuff like this—or perhaps—censor transactions like F2Pool and OCEAN are doing. Make decentralization a core value.

Peripheral Vision

⛓️ Crypto & DeFi

  • Binance will cease support for BUSD stablecoin on Dec. 15th

  • Former Coinbase and a16z exec joins MoonPay’s board

  • FinTech giant SoFi hands its crypto business to Blockchain.com 

  • Republic to list profit-sharing digital security token next week

  • BNB Chain developers look to double the speed of their roadmap

  • ARPA’s random number generator launches on Base

  • Polygon busted for giving Draft Kings special validator treatment

  • Trust Wallet reports Bitcoin node issue behind failed transactions

  • cLabs, Celo’s primary developer, sets timeline for choosing a layer-2

🏦 Wallstreet & VC

  • ARK Invest sells another $5M Coinbase Shares, buys more Robinhood

  • Pando Asset joins the race for a spot Bitcoin ETF

  • MicroStrategy purchases $593M in Bitcoin

🏛️ Legal & Regulatory

  • Sinbad crypto mixer sanction by US for North Korea allegations

  • FTX gets approval to sell $873M of Grayscale and Bitwise Trust assets

  • Coinabase CEO says “We asked the SEC for feedback, got a lawsuit”

  • Grayscale updated its trust agreement for 1st time, likely for spot ETF

  • BlackRock met with the SEC and shared revised ETF model design

  • US Treasury pushes for laws to control non-US stablecoin issuers

  • BIS says central banks aren’t ready for CBDC risks

  • Miami man sentenced to 63 months in prison for $3.5M crypto fraud

  • Celsius starts to open crypto withdrawals for some holders

🌎 Rest of the World

  • Hong Kong securities association proposes compliant ICO portal

  • Algorand Foundation expands its footprint in India

  • IOTA registers $100M ecosystem foundation in Abu Dhabi

  • Copper to start securities brokerage in Abu Dhabi

  • Tomya exchange’s owner was detained in Turkey with 24 others

  • Fasset wins key license in Dubai for crypto service offering

🖼️ NFTs & Metaverse

  • Ubisoft-backed Horizon launches Builder to simplify crypto game dev

  • Helium Mobile strikes advertising deal with University of Miami

  • Meme Coin MUNGER spikes 409% a day after Charlie’s death

  • Esports Giant, TeamLiquid, reveals collab with NFT game Illuvium

  • Hyptopia, formerly NFT Worlds, unveils major token update

  • Parallel implements patch in preparation for Season 5 launch

  • Zora lets users login and use platform with just an email, no wallet