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“# EY publishes Ethereum scaling solution to the public domain ” EY’s attempts to promote secure, private transactions over public blockchains at cheaper costs has culminated in the release of Nightfall 3. The company announced the news via a release on July 1 stating that Nightfall 3 combined ZK proofs with optimistic rollup — ZK-Optimistic…
“# Smart cities are the future, but they might threaten privacy ” You might have heard the term “smart city” before — a futuristic, utopian idea that we might see implemented in the foreseeable future. Indeed, some metropolises — like Singapore, Seoul, Amsterdam, Oslo and Tokyo — are already on their way to becoming “smart.” …
“# Bitcoin Taproot locked in to improve privacy and introduce smart contracts ” On June 12, Bitcoin (BTC) mining pool Slush Pool mined block 687,285 with the transaction including a Taproot upgrade activation signal. That particular block was the 1,816th to include a signal for Taproot activation by a BTC miner within the difficulty epoch…
“# Banning cryptocurrencies to counter crime is a nonsensical excuse ” Numerous governments are attempting to ban cryptocurrencies, with recent examples from China, India, Turkey and Nigeria. The reason for doing so is simple: The decentralized nature of cryptocurrencies poses a threat to the legacy financial system, and as the technology itself is still in…
“# Former LA Dodgers owner earmarks $100M for blockchain-based social media ” Frank McCourt, a billionaire real estate mogul and former owner of the Los Angeles Dodgers, is backing a new effort for a decentralized social media project based on blockchain technology. McCourt is investing $100 million into an attempt to reinvent the foundations of…
“# Digital euro offers better privacy protections than private stablecoins: ECB official ” European Central Bank (ECB) executive board member, Fabio Panetta, has argued that a digital euro offers superior privacy protections than privately issued stablecoins. Panetta criticized the profit motive of private firms, emphasizing it is in their commercial interests to harvest masses of…
“# Decentralized identity can bring the analog world into the digital one ” It is a given that connected devices need reliable, distributed ledger, technology-based digital identity solutions. That is an essential requirement for the Internet of Things (IoT). In the machine economy, devices must be able to recognize and communicate with one another; robust…
“#Florist allegedly hid camera in flowers to get nudes of a woman” A Pennsylvania florist allegedly hid a camera inside a flower arrangement he placed in a woman’s bedroom and downloaded nude photos of her — reportedly claiming he “only wanted to see her naked one time.” Eric J. Belak, 57, who operates Belak Flowers…
“# Fetch.ai and IOTA announce new data sharing IOT partnership ” Artificial intelligence research lab Fetch.ai has partnered with blockchain network IOTA to enable a “controlled data sharing environment” for connected devices, setting the stage for a broad leap in Internet of Things, or IoT, capabilities. The partnership, which was announced Wednesday, will allow sectors…
“# Concordium aims to end the era of anonymity in crypto industry ” The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases….