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“# Stablecoin adoption and the future of financial inclusion ” Institutional interest in crypto is growing, confirmed by a Goldman Sachs survey, which found that 40% of the company’s high-net-worth clients were already exposed to cryptocurrencies. Stablecoins — which offer a more secure and steady option in the crypto space — have experienced hyper-growth, reaching…
“# The perfect storm: DeFi hacks will advance the crypto sector moving forward ” The rise of decentralized finance, or DeFi, could be paving the way toward a fully decentralized financial ecosystem. Yet, given the innovative nature of DeFi, the sector remains in constant development and is therefore prone to a number of vulnerabilities. Unsurprisingly,…
“# Crypto developer will lead Twitter’s decentralized social media initiative ” Jay Graber, a former software engineer for Zcash and blockchain firm Skuchain, will be leading the anticipated decentralized social media initiative first announced by Twitter in 2019. In a Twitter announcement on Monday, Graber said they would be in charge of the Bluesky project…
“# The metaverse: Mark Zuckerberg’s Brave New World ” If Facebook happened to be a human being, where would he/she/they currently be? Most likely in prison… for a very long time. The company’s transgressions are too numerous to list. But Facebook is not human; it’s a company, and a very profitable one, at that. In…
“# Poly Network hacker appears ready to return stolen funds ” Following a massive $600 million exploit of cross-chain protocol Poly Network, the Poly Network hacker has claimed his willingness to return the stolen cryptocurrency funds. At about 4:00 UTC on Wednesday, the hacker sent an Ethereum transaction to themselves, stating that they were “ready…
“# Man who minted 14M ICX tokens due to a bug can pursue lawsuit to keep them ” A cryptocurrency enthusiast who exploited a bug in the ICON network to mint a large amount of its native ICX token can pursue entitlement claims according to a California federal judge. On Monday, Aug. 9, U.S. District…
“# Status plans to incentivize node operators for decentralized messaging protocol ” Ethereum-based project Status has started an incentivization program for node operators around its decentralized peer-to-peer messaging protocol, Waku. In an announcement today, Status said it would be rolling out the first phase of a program to encourage people to set up and run…
“# Tales from 2050: A look into a world built on NFTs ” “You will own nothing and you will be happy,” — this sentiment was at the core of a declaration issued more than 30 years ago in 2016 by the leaders of the World Economic Forum. It sounded dystopian, like something taken from…
“# Crypto social governance will lead to online freedom ” The saying, “Everything in moderation, including moderation,” has taken on new meaning since Facebook outsourced responsibility for content moderation to its Oversight Board following the violent events that occurred at the United States Capitol back on Jan. 6, 2021. First conceived in November 2018 as Facebook’s “Supreme Court”…
“# Crypto Mom: True decentralization is the only thing that will save DeFi projects ” Hester Pierce of the U.S. Securities and Exchange Commission — colloquially known as ‘Crypto Mom,’ has warned of rampant “shadow-centralization” within the decentralized finance (DeFi) sector. Speaking to outspoken DeFiWatch founder Chris Blec in an August 4 discussion streamed by…