While regulators worldwide grapple with the massive popularity of ChatGPT, Push Protocol aims to give the chatbot a Web3 makeover that is both easy to use and preserves user privacy. “Encryption brings privacy, which is important and is done by any Web2 messaging or notification or video platform which operates around the world,” Push Protocol co-founder Harsh Rajat told Decrypt.…
Month: April 2023
How it happened, and what can be learned
The March 13 flash loan attack against Euler Finance resulted in over $195 million in losses. It caused a contagion to spread through multiple decentralized finance (DeFi) protocols, and at least 11 protocols other than Euler suffered losses due to the attack. Over the next 23 days, and to the great relief of many Euler users, the attacker returned all of…
Meta coughing up big money to developers building their metaverse
Tech giant Meta – the parent company of Facebook, Instagram and WhatsApp messaging service – has been eyeing expansion into the metaverse for some time now. However, it has had a rough start, with billions in losses. Nonetheless, a new report from the Wall Street Journal says that Meta’s programmers working on the company’s virtual reality suite can earn total…
South Korean Prosecutors Uncover Alleged $314 Million Criminal Proceeds Tied to Terraform Labs Co-Founders – Bitcoin News
According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange. Report Says Do Kwon Allegedly Sold a ‘Large Part’ of His Assets for Bitcoin A report by…
Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets
Bitcoin (BTC) showed little interest in moving higher at the April 7 Wall Street open as fresh United States macro data boosted bets on further interest rate hikes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Fed will keep hiking “until something breaks” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it drifted around $27,900 on Bitstamp. U.S.…
SBI Crypto Sues Riot Blockchain-Owned Data Center for Fraud, Negligence
Bitcoin miner SBI Crypto Co., (SBIC) is suing Whinstone US, a data center based in Rockdale, Texas, for misrepresenting its readiness to host a large-scale mining operation and for millions of dollars in damages as a result of delays and substandard conditions. The charges SBI Crypto is pursuing against the data center include “fraud, fraudulent inducement of contract, fraud by…
Advocates wear cryptocurrency on their sleeve
Got Bitcoin ink? Many Bitcoin believers do. But what are the risks? What about privacy? And what happens if — one fateful day — Bitcoin crashes and burns to zero? Cointelegraph spoke with Bitcoin (BTC) advocates to understand why they have permanently etched a Bitcoin logo, motif, equation or slogan onto their skin. They’ve shown permanent solidarity with the decentralized…
How Kraken supports our clients
Terms like “client obsessed” and “client-centric” get thrown around a lot these days. At Kraken, these are more than just buzzwords. Since launching over 11 years ago, the support experience of our clients has been a fundamental differentiator at Kraken. Client support led by crypto-passionate specialists from around the world has been, and will continue to be, a fundamental part…
Here’s how much is lost to crypto hacks and exploits in Q1 2023
Hackers were able to gain access to more than $320 million just in the first quarter of 2023, according to on-chain data consolidated by the quarterly report released by blockchain security firm CertiK. The losses were significantly low when compared to 2022’s first and fourth quarters, where hackers were able to take around $1.3 billion and $950 million respectively. According…
Europe’s digital ID wallet — Easy for users or a data privacy nightmare?
On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European Digital Identity Wallet,” also known as EUDI Wallet or EU wallet. Citizen’s IDs, health cards, certificates and many other documents…