OMNIA’s Blog
Blog
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What the CFTC’s Lawsuit Against Ooki DAO Means
4 min read The US SEC is not the only regulatory body extending its mandate into the crypto-verse. On September 22nd, The Commodities Futures Trading Commission (CFTC) announced that it had charged bZeroX, LLC and its founders, Tom Bean and Kyle Kistner, with the following: The CFTC also ordered them to pay a fine of…
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Why the US SEC Believes Ethereum (ETH) is a Security
4 min read On September 15th, 2022, the Ethereum community was elated that the long-anticipated Merge between the Beacon Chain of ETH2.0 (Consensus Layer) and the Mainnet of its proof-of-work network went about successfully without any major hiccup. However, the transition of Ethereum to a proof-of-stake algorithm might have increased its scrutiny by the United…
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How the White House Plans to Regulate the Crypto Industry
4 min read President Biden’s White House has taken the first step in providing a first-ever blueprint for the regulation of crypto through the publication of its ‘Comprehensive Framework for Responsible Development of Digital Assets.’ The move follows President Biden’s March 2022 executive order on ‘Ensuring Responsible Development of Digital Assets’ that outlined a wholesome approach by…
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Why Data Privacy Matters to Consumers
4 min read The world continues to depend more and more on the internet as modern-day electronics become increasingly interconnected to our daily lives. Mobile phones and the applications that run on them attempt to make life easier by providing quick access to services such as banking, health, entertainment, social media, dating, online shopping, and…
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The Ethereum PoW Hard Fork: What We Know So Far
4 min read The Merge is scheduled to happen on September 15th, and the event is set to transition Ethereum from the energy-intensive proof-of-work algorithm to a more eco-friendly proof-of-stake. However, some ETH miners, led by Chandler Guo, intend to keep mining Ethereum on a proof-of-work network post-Merge. To achieve this, they will have to…
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Doxing: What It Is and How to Prevent It
< 1 minute Navigating the internet without leaving bread crumbs of your presence is increasingly becoming difficult as our real-life identities are tied to our online ones. As a result, online privacy is vital as you do not want personal information in the hands of hackers, extortionists, and other malicious individuals. In this article, we…
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Introducing CCSS — The Cryptocurrency Security Standard
< 1 minute Implementing standards is essential in any industry, including crypto, where hundreds of millions of dollars worth of digital assets are transacted and traded on exchanges daily. Different trading platforms and crypto wallets have ways of keeping digital assets secure. However, having a Cryptocurrency Security Standard allows for unified methodologies that users and…
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Central Bank Digital Currencies (CBDC) — The End of Cash?
< 1 minute Crypto adoption, particularly of stablecoins, has brought to light real-life use cases of digital assets as a means of transferring value quickly and cheaply compared to the traditional financial system. Crypto holders can send Bitcoin, Ethereum, USDT, or USDC to their family and friends worldwide at a fraction of the cost and…
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What is an Ethereum or Bitcoin Mixer?
3 min read Privacy is a fundamental human right. In the current digital age, savvy individuals can use personal information to carry out malicious attacks on unsuspecting individuals. The need to protect one’s online presence through privacy becomes more important in the blockchain realm as transactions are immutable and public for everyone with enough know-how…
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Comparing Ethereum’s Layer-2 Solutions
4 min read The Ethereum network has a long history of congestion issues that have often led to high gas fees. The first and most popular incident dates back to December 2017, when Cryptokitties clogged the Ethereum network and caused it to grind to a halt. The event, although unfortunate, kick-started discussions on how to avoid…
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Solana Hack: What Actually Happened?
< 1 minute In early August, the Solana crypto community was rocked by what looked like an unsolvable hack that drained roughly $4.5 million in SOL from several thousand users’ wallets. An initial estimate by the team at MistTrack had identified 8,000 affected wallets with their funds being siphoned off to four addresses belonging to…
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The Ethereum Merge – What You Need to Know
4 min read The Ethereum network has undergone several upgrades since its launch in 2015. All the upgrades have had a single mission in unlocking Ethereum’s full potential, and the Merge event is no different. What is The Merge? As the name suggests, the Merge is the coming together of the current Ethereum mainnet (execution layer) with…