#government

The decentralized Damus app had hardly topped the list of the most downloaded apps when the Chinese government blocked it. The Damus app has been removed from the Chinese AppStore because it "contains content that is illegal in China.” The ban was initiated by the local Cyberspace Administration. According to the CAC, Damus provides "information services capable of social mobilization.” At least it has no attribute of denazification.

The Stellar Development Foundation has announced that it joins an advisory committee of the U.S. Commodity Futures Trading Commission. Blockchain company Stellar will join representatives of traditional financial markets such as J.P. Morgan, Goldman Sachs, and BlackRock and get a say in institutional-level issues. SDF representatives noted that they will primarily focus on the use of Layer 1 protocols in government agencies and bank transfers in stablecoins.

The russian Solaris platform was hacked by the Kraken trading platform, which also targets the russian-speaking audience. Kraken claims to have taken control of Solaris' infrastructure and Gitlab repository, as well as locking and emptying its crypto wallets. Both platforms are linked to a Russian operator and both have about 25% market share of the total volume of drugs and weapons sold on the dark web. It is known for certain that Solaris used the services of pro-Kremlin hackers Killnet, which launched DDoS attacks on Ukrainian and European government servers in 2022. All Solaris clients are now automatically redirected to the Kraken website because the hackers not only took control of the code and wallets but also set up a redirect. There are three things you can watch forever: fire burning, water falling, and Russians destroying each other. It is still unknown what kind of Kraken it is. Maybe it's some of ours