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The Hong Kong University of Science and Technology (HKUST) announced it will host a virtual reality class connecting with its upcoming Guangzhou campus in the Metaverse on September 1. The event is the first step in HKUST’s mission to build a virtual campus in the virtual universe, MetaHKUST. According to South China Morning Post, the launch will feature a mixed reality experience, allowing users to attend it both physically and in the virtual world. Pan Hui, chair professor of computational…

Following heated attention on Tornado Cash this week, the Ethereum founder spoke on the mixer’s recent sanction, revealing he used the blacklisted mixer not long ago. Tornado cash is a decentralized protocol that provides users with a platform to perform untraceable transactions. The protocol, built on the Ethereum blockchain, is a transaction mixer that hides and deletes links between transacting accounts. This makes it impossible for transactions performed through it to be traceable, giving its users full anonymity. Vitalik Prompts…

An unknown Ethereum user is sending tiny batches of ETH to numerous doxxed cryptocurrency wallets that celebrities use. The ETH recently contacted Tornado Cash – the Ethereum mixer sanctioned by the US Treasury Department on Monday.  According to data from Etherscan, the wallet has sent portions of 0.1 ETH to Shaquille O’Neal and Jimmy Fallon addresses. Other figures include NFT artist Beeple, Coinbase CEO Brian Armstrong, and Ben Horowitz from a16z. The parties receiving the tiny ETH donations may be…

Circle and Tether – issuers of the two largest stablecoin, USDC and USDT – have confirmed that they will only support redemptions on Ethereum’s proof of stake chain, post-merge. By contrast, any possible Ethereum forks that emerge in the aftermath will be left behind by both firms.  Rejecting the Miner Revolt Per Circle’s announcement on Tuesday, the company can only viably support a single version of the Ethereum state. “Our sole plan is to fully support the upgraded Ethereum PoS…

New York Attorney General Letitia James is pushing for investors to blow the whistle on crypto companies they consider deceiving or misconducting. The AG's intervention comes after a series of debacles that led to people losing their crypto investments. Projects like Terra, Celsius, Voyager, Anchor, and Stablegains have crashed, affecting millions of investors in the process. James believes people have the power to prevent such losses by signaling suspicious activities in crypto projects they support. In a recent tweet, she…

ApeCoin is expanding its suite of community services with the Bored Ape Gazette, a newsletter reporting relevant news for members of the extended Yuga Labs family. The publication will receive $150,000 to launch, pay freelancers, and overhaul its website from ApeCoin DAO’s treasury. Moreover, these funds should last for one year. The AIP-70 proposal, detailing the Bored Ape Gazette’s development, underwent voting earlier last week. Over 1.1 million members of the ApeCoin DAO approved it. Meanwhile, only around 149,000 members…

Shark Tank star Mark Cuban recently aired his thoughts on Ethereum’s upcoming “Merge” upgrade. He pointed out how Ethereum’s utility as a smart contract platform and as a deflationary asset are at odds.  In an interview with Altcoin Daily on Sunday, Cuban explained that there is an inverse relationship between deflation and utilization of Ethereum. “If utilization goes up, and the value of a token goes up, then the cost to do something goes up,” he explained. “So you have…

Early this morning, blockchain protocol Chainlink shared a release outlining its plans following Ethereum's merge upgrade. The platform revealed that it will cease to support the forked versions of the Ethereum chain. Chainlink Stands With the Ethereum Foundation Over the past few weeks, the Ethereum blockchain has been getting ready for its long-awaited shift to the proof-of-stake consensus mechanism. The network’s core devs have dubbed it the merge and set a tentative launch date in the middle of September. Ahead…

Tornado Cash is the latest crypto mixer to join the US Department of Treasury’s list of sanctioned organizations. The Department shared the news in a press release on Monday alongside other details of the sanction. In its release, the US Treasury highlighted Tornado Cash’s role in several stolen crypto launders as its primary reason for the sanction. Tornado Cash and Cybercrime Tornado Cash is the second service platform to have received a sanction from the Treasury’s Office of Foreign Assets…