Lido Finance has decided to discontinue operations on the Solana Blockchain. The peer-to-peer (P2P) team of Lido first proposed to sunset Lido on Solana on September 5, 2023 citing unsustainable financials and little fees earned by Lido on Solana.
Voting began on September 29, 2023 and ended a week later on October 6. The sun-setting of the Lido on Solana protocol “was approved by Lido token holders following extensive decentralised autonomous organisation (DAO) forum discussion followed by community vote, and the process will begin shortly,” Lido stated in a post on October 16, 2023.
As of October 16, 2023 Lido will no longer accept staking requests. On November 17, 2023, the voluntary node operator off-boarding will start, and by February 4, 2024, Lido users must unstake on Solana’s frontend. “After this date, unstaking will need to be done using the CLI,” Lido said.
Online gaming platform Roblox, which has over 200 million monthly active users, will now accept XRP as a payment mechanism on its in-game payment system, Xsolla. BitPay which is collaborating on this payment system, announced this in a post on X (previously Twitter) on October 17, 2023.
As a collaborator, BitPay will be in charge of establishing a secure link with cryptocurrency wallets.
There are 65.5 million daily active users of Roblox, of which 44 per cent are under the age of 13, and it is accessible on all popular platforms, including Windows, macOS, Android, iOS, Xbox One, and PlayStation 4.
In the first quarter of 2023, Roblox players spent almost $773 million on in-game purchases.
Caroline Ellison, the former CEO of Alameda Research has admitted to fraud during her tenure as the CEO of the crypto trading firm, but has blamed Sam Bankman-Fried, the former CEO of the FTX crypto exchange for the misuse of FTX user funds.
Ellison claimed that Alameda’s bad loans caused market panic, leading to users withdrawing their funds. FTX paused withdrawals to contain the situation, and the exchange collapsed within days.
Ellison revealed that FTX planned to raise additional funds to pay back customers. She also discussed SBF’s ambitions to become the US president, his willingness to “flip a coin and destroy the world,” and his plans to attract investment from Saudi Crown Prince Mohammed bin Salman. Former FTX chief technology officer Gary Wang pleaded guilty to four charges, including conspiracy.