Unstoppable Domains to Raise $4M

The startup acts as a decentralized domain registrar, claiming that sites hosted on the .zil domain cannot be closed by the authorities or traditional providers 
24 May 2019   540

The San Francisco-based blockchain-startup Unstoppable Domains declares its mission to fight for Internet freedom, at least in part, control over the registered domains. Now the company’s famous Bitcoin-enthusiast Tim Draper Draper Associates has made an important contribution to this initiative, CoinDesk writes.

For global free speech to work, you need to be able to say what you want and you need to be able to operate a business as you want.

Brad Kam
Co-founder, Unstoppable Domains

Draper Associates led a round of funding for Series A, during which Unstoppable Domains raised $ 4 million. Another participant in the round was Adam Draper's Boost VC company, which in December 2018 made seed investments in a startup worth $ 730,000.

The startup acts as a decentralized domain registrar, claiming that sites hosted on the .zil domain cannot be closed either by the authorities, but by traditional service providers in this area.

The domains themselves that the service offers are stored in wallets created using the Zilliqa blockchain, and the content of the sites is packed into the IPFS (InterPlanetary File System) and other decentralized networks for data storage.

Also .zil domains can act as readable addresses to which cryptocurrency payments can be sent.

Discussions around domain registrars became particularly acute when, in October 2018, shortly after the massacre in the Pittsburgh synagogue of the year, GoDaddy removed the popular socially right-wing social network Gab.

In the old world, GoDaddy is the custodian. In this world, you control the domain yourself and no one can take it from you.

Brad Kam
Co-founder, Unstoppable Domains

He also added that in the future users may be offered other domain extensions. The current offer, however, is limited to .zil, available for $ 10 for a standard name and for $ 250 for a premium service.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   62

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."