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Markets & Business
OpenSea Changes Stolen NFT Policy Following User Outcry (4 minute read)
OpenSea will now require a police report to be submitted within seven days of users flagging an NFT as stolen. The platform previously blocked assets from being bought, sold, or transferred as it investigated each case. The new policy is designed to prevent false reports. It only applies to new cases. OpenSea will also simplify the process for rescinding claims.
Innovation & Launches
Monero’s Privacy-Focused Crypto Protocol Upgrade Is Now Live (2 minute read)
An upgrade to Monero's protocol has been successfully implemented. The upgrade increased the number of signers for a ring signature. It reduces transaction size and speeds up transaction speed and wallet syncing. The upgrade included fee changes to minimize volatility and improve network security, improvements to multisignature functionality, and critical security patches.
Guides & Resources
The most profitable narrative in the bear market (6 minute read)
Real Yield is yield that is generated through revenue, not from printing tokens. A real yield protocol should have a product/market fit, generate on-chain revenue through its products, be profitable, and use solid assets such as ETH or stablecoins. This Twitter thread introduces seven protocols that qualify as Real Yield protocols. It also talks about how to determine if a protocol generates Real Yield and provides research tools.
Suspected Tornado Cash developer arrested in Amsterdam (2 minute read)
A developer suspected of being involved with Tornado Cash has been arrested in Amsterdam. The Dutch Fiscal Information and Investigation Service has not ruled out multiple arrests. Over $7 billion worth of virtual currency has passed through Tornado Cash since it was created in 2019. The arrest has been criticized by proponents of crypto and privacy, who argue that mainstream payment methods have been used for far more laundering.
Taiwan Turns to Ethereum IPFS Tech to Thwart Chinese Cyberattacks (2 minute read)
Taiwan's Ministry of Digital Affairs has adopted IPFS technology to boost its defenses against cyberattacks. IPFS (InterPlanetary File System) is a peer-to-peer network that lets users store data on a network of nodes. This eliminates central points of failure and prevents censorship. The volume of cyberattacks on Taiwan was 23 times higher than the previous daily record before and during Nancy Pelosi's visit to the island.
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