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Showing posts with the label decentralization

Atomic Wallet says hack affected 1% of active users, but investors claim otherwise

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In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds. A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users , according to the company. In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds. Trying to cash in on the commotion, a few verified scam Twitter accounts impersonated Atomic Wallet while sharing phishing links claiming to help users recover lost funds. Pseudonymous on-chain researcher ZachXBT further claimed to have helped a victim recover $1 million of lost funds. However, the recovery process is yet to be disclosed, which ZachXBT allegedly “Will share in time but best not to yet.” A huge shoutout goes to @buffalu__ @brian_smith_0 for helping us successfully rescue $1m from the Atomic Wallet hacker for one of the...

Why anonymity is key to self-autonomy — And how crypto helps freedom movements win

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The Agenda podcast chats with DarkFi to explore how Rojava is experimenting with cryptocurrency and why encryption and anonymous spaces are critical for building self-autonomy. In the mid-2010s, the Islamic State was rapidly advancing through Iraq and Syria, conquering territory and terrifying residents. However, one group of Kurds in Northern Syria representing the de facto autonomous Democratic Federation of Northern Syria, in an area known as Rojava, successfully fought back the Islamic State and captured the attention of the world. Many people from around the world went to Rojava to fight, but one lesser-known story made ripples in the crypto world: Some volunteers traveled there to help build blockchain and technological literacy and experiment with the potential of cryptocurrencies like Bitcoin (BTC) to serve as a tool for revolutionary change. After all, Rojava promotes decentralization, autonomy and self-empowerment — sound familiar? On Episode 10 of The Agenda , hosts Ray Sal...

Romania plugs into Web3 with national NFT marketplace

Romania’s Informatics Institute is set to launch an institutional NFT trading platform, using Web3 to create a link between the public and private sectors. Romania’s National Institute for Research and Development in Informatics (ICI Bucharest) aims to drive Web3 adoption in the country with the launch of an in-house nonfungible token trading platform. The institutional NFT platform, dubbed ICI D|Services, will go live on April 26 and aims to create a link between private and public sector institutions and users. The platform is primarily an NFT marketplace , allowing public and institutional users to mint, manage and trade NFTs. Cointelegraph spoke to ICI Bucharest blockchain laboratory coordinator Dr. Paul Niculescu-Mizil Gheorghe to unpack the impetus behind the country’s efforts to adopt Web3-powered technologies. ICI Bucharest has been primarily focused on research and development over the past five years, but shifted its attention to exploring blockchain, Web3 and nonfungible t...

Web3 interoperability highlighted in Radix - LayerZero partnership

Web3 interoperability integration between Radix and LayerZero, launching in the second half of 2023, enables cross-chain communication and asset transfers, unlocking omnichain functionality for DApps and assets. Web3 interoperability is important to building a decentralized ecosystem that is scalable, secure and provides a seamless user experience.  Radix, a Layer-1 protocol, has partnered with LayerZero, an interoperability protocol, to integrate LayerZero with the Radix Babylon public network. The integration encourages cross-chain communication and asset transfers to the Radix ecosystem, benefitting both platforms and their users. Web3 interoper ability refers to the ability of different decentralized applications (DApps) and Blockchain networks to communicate with one another. Put simply, interoper ability is the state where blockchains can listen to each other, allow users to transfer digital assets and data and enable better collaboration. LayerZero's technology enables ...

From PayPal to Web3: Digital identity could play key role in unlocking mainstream adoption

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The financial payments industry has seen its fair share of evolution, and is currently at an inflection point with Web3. The advent of the consumer internet in the 1990s brought unprecedented opportunities, democratizing access to information and communication, and revolutionizing digital commerce. Email revolutionized communication by facilitating instant messaging across borders. This soon led to numerous attempts at introducing digital money systems, but none were as successful as PayPal. Source: Unsplash Founded in 1998, PayPal made it easy for people to send and receive payments securely, regardless of their location or currency. PayPal stood out when it first launched because of two key features: security and simplicity. This solved the problem of online card fraud and made it easy for users to purchase products without sharing their card details with merchants. Today, information and money are transferred seamlessly via numerous online services. The protocols that power these s...

Worlds collide at Bitcoin-based DeFi project — Nothing is impossible

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Ordinals NFTs have split the Bitcoin community in half — this layer-2 solution aims to unify it in the face of new horizons. Bitcoin (BTC) has grown from a small project to a frontrunner for a possible global currency thanks to its unrivaled market capitalization, unmatched liquidity pool and reliable infrastructure. The long-term benefits of Bitcoin have ensured its place in the balance sheets of industry giants like Tesla and MicroStrategy as well as some small nation-states, no matter the passing market conditions. It’s no wonder that all big players in the decentralized finance (DeFi) space are longing for a plunge in Bitcoin’s huge pool of liquidity. However, since DeFi protocols were built on Ethereum or other blockchains, they lack native compatibility with the Bitcoin network, making it more difficult to tap into the BTC liquidity. Several projects have come up with workarounds to access Bitcoin liquidity over the years, with the most prominent ones being wrapped versions of B...

This blockchain company brings modern AgTech to smallholder farmers in developing countries

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The gap between technology and affordability prohibits farmers from maximizing land usage, a key contributor to world hunger. As 2050 approaches, the global population is projected to reach 9.7 billion, necessitating a significant increase in food production. Unfortunately, the hunger problem persists, with over 1 billion people going to bed hungry each day in 2021, and experts say the issue has been worsening over the last five years. Fortunately, many experts agree that modern technology, including artificial intelligence (AI), can improve the world’s outlook on food production. Climate change, which causes shifts in temperature and precipitation patterns, is partly to blame for the change in the growth of crops and the availability of water for irrigation. These climate and landscape changes, in turn, lead to reduced crop yields. Modern Technology can use satellite imaging to assess deforestation, and by differentiating between trees, crops, forested areas and clear-cut areas, expe...

Film review: ‘Human B’ shows a personal journey with Bitcoin

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A review of a predominantly German-language film that challenges the misconceptions and misunderstandings surrounding Bitcoin. The human side of Bitcoin (BTC) is seldom explored in legacy or mainstream crypto media outlets. Even within the Bitcoin space, Bitcoin is “number goes up” technology, while catchphrases like “Bitcoin to the moon” and “have fun staying poor” rattle around like coins in a jar.  Bitcoin documentaries tend to sensationalize Bitcoin as a panacea to the world’s problems instead of offering nuanced portrayals of Bitcoin’s impact on the individuals who form the decentralized movement. Moreover, while the price per Bitcoin has inflated, ballooned and popped over the past five years, a steady stream of new people is flowing into the Bitcoin space. Human B follows the journey of a man named Jan as he becomes a resolute Bitcoin believer. The film hovers around Jan, the “normal citizen” who, during a break between jobs, starts to learn more about fiat, or government-issu...