To build secure and resilient Web3 systems, transparency alone is not enough. By placing greater emphasis on simplicity, we can make the peer-review of code more effective and minimize security breaches in the Web3 space. The rise and fall of security through obscurity We are used to the intuitive idea that security is somehow intertwined with secrecy. We keep our…
Month: January 2023
Keith Comito on the benefits of blockchain tech and decentralization in longevity research
Lifespan.io President and co-founder Keith Comito was into longevity before longevity was cool. “We started our nonprofit back in 2014,” Comito said. “Back then, few credible researchers would be caught dead saying they were working on aging. It was still kind of a scientific backwater. So, we wanted to emulate what the cancer research advocates did, starting in the ‘40s.”…
Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries – Economics Bitcoin News
President of Brazil Luis Inacio Lula Da Silva clarified the scope and reach of the common currency that Brazil and Argentina are studying to issue in Latam. Lula Da Silva clarified that he believed this currency would be used to settle cross-border payments between the two countries and also countries from BRICS and Mercosur. Lula Clarifies Latam Common Currency Intention…
Ripple, Binance impersonators target XRP holders via fake staking program
Online fraudsters are impersonating major cryptocurrency firms like Ripple and Binance by creating fake websites and email imposters pretending to provide staking services for XRP. One such website, ripple.com-staking.tech, includes a blog post titled “XRP staking set to debut January 2023 for retail users,” inviting users to “stake” their XRP with unrealistic returns on investment (ROI), ranging from 12% to…
Dogecoin, Cardano Lead Crypto Dip as Market Sheds $27B Overnight
It’s been a bumpy bout of volatility for some of the industry’s largest altcoins. The crypto market as a whole dropped 2.7%, shedding roughly $27 billion overnight, with Dogecoin (DOGE) and Cardano (ADA) leading the pack. Dogecoin dropped 5.5% in the past 24 hours, plummeting from just over $0.88 to $0.82. The largest meme coin by market capitalization is now…
Smart contracts to power day-to-day Web3 company operations
Web3 firm MetisDAO Foundation launched Koris, a smart contract-based platform that allows decentralized organizations to operate and manage communities through an end-to-end operational infrastructure. In an announcement sent to Cointelegraph, the company said that Koris aims to turn decentralized autonomous organizations (DAOs) into DACs or “decentralized autonomous companies” by providing an operating system consisting of various governance and management tools. The…
Celsius Hints at New Token Launch as Part of Restructuring Plan: Report
There may be a new Celsius token on the horizon. As part of the defunct crypto lender’s reorganization plans, Celsius is mulling the issuance of a new crypto token that would let the firm raise funds and repay its creditors, per a Bloomberg report. In a court hearing on Tuesday, Celsius’ attorney Ross M. Kwasteniet told U.S. bankruptcy judge Martin…
Bitcoin faces ‘considerable danger’ from Fed in 2023 — Lyn Alden
Bitcoin (BTC) still risks “considerable danger” in 2023 as macroeconomic conditions dictate price action. That is according to economist Lyn Alden, who in private comments to Cointelegraph cautioned on Bitcoin staying bullish after its January gains. Alden: BTC price bottom is a “process” Optimism is increasing throughout crypto as BTC/USD broadly retains levels, which are 40% higher than at the…
Bitcoin mining brings more than money to this East African country
A Bitcoin (BTC) mining project that taps into clean, stranded and excess hydro energy in Malawi has picked up steam. The company behind the project, Gridless, shared that there are now “1600 families connected to this remote hydro mini-grid in the mountains of southern Malawi.” 1600 families connected to this remote hydro minigrid in the mountains of southern Malawi. They…
What is a crypto index fund, and how to invest in it?
While the COVID-19 pandemic’s long-term socioeconomic effects are yet to be known, most economies are still dealing with the effects of the global financial crisis. Moreover, millions of households are under or unbanked, and there are additional obstacles faced by people, including slow wage growth, skyrocketing property costs and government debt as more and more individuals are living hand to…