The decentralized social network Friend.tech was again the target of a wave of SIM swap attacks, resulting in a loss of $385,000 in Ethereum for four users. Crypto sleuth ZachXBT tracked down the on-chain movement to the same hacker who drained the accounts of the four victims in less than 24 hours. SIM swapping is a tactic where hackers trick…
Decentralized network provider Nodle is working with the likes of Adobe and the Linux Foundation to use blockchain technology to prove the authenticity of real-world content captured by devices. In correspondence with Cointelegraph, Nodle co-founder Garrett Kinsman outlined the firm’s upcoming software development kit for its ContentSign solution that will look to prove the integrity of data from its moment…
Marathon Digital, in particular, produced 1,242 BTC in September, which accounted for a record 4.3% share of Bitcoin miner rewards. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-miner-marathon-digital-riot-platforms-increase-btc-production
Just 2% of companies raising money off the back of artificial intelligence hype will survive, the chief executive of trading platform Bitpanda has predicted. Amid the excitement surrounding AI and the influx of investment into the sector, Eric Demuth told Decrypt that there is “a lot of good AI stuff in the making,” but that the current cycle resembles previous…
The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO Sam Bankman-Fried (SBF). Accounts linked to FTX and FTX U.S. were drained off $600 million on Nov. 11, 2022, hours after the crypto exchange had filed for Chapter…
On-chain privacy-preserving technologies such as zero-knowledge proofs have applications in fields such as financial services and healthcare, according to Google Cloud’s Head Of Web3 Engineering. Speaking at CCDAS 2023, James Tromans called ZK-proofs “particularly relevant in financial services and Web3 more broadly,” adding that, “the idea that you’re going to put option contracts on-chain and have the counterparties and the…
Director of the Central Bank of the Argentine Republic (BCRA), Agustín D’Attellis, publicly supported his counterpart, the Minister of Economy Sergio Massa, in his promotion of the central bank digital currency (CBDC) as a remedy for the national economy. Giving a commentary on local TV, D’Attellis expressed his belief that the “digital peso” (PAD) could help stabilize the Argentine economy…
The integration of conventional payment cards into cryptocurrency exchange offerings is playing a crucial role in driving adoption of digital assets, according to a VISA executive. Speaking to Cointelegraph reporter Ezra Reguerra during a panel at the Blockchain Economy Dubai Summit, VISA’s VP head of Innovation & Design Akshay Chopra highlighted the role that Visa cards have played as a…
Hong Kong-based crypto-focused venture capital firm CMCC Global has raised $100 million aimed at supporting Asian blockchain startups. The crypto fund, called Titan Fund, closed its inaugural funding round on Oct. 4 having seen participation from 30 investors including blockchain company Block.one, Hong Kong tycoon Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital and Animoca Brands founder Yat Siu,…
What is a wrapped token? Tokens are wrapped to make them usable on a different blockchain or in a particular environment to which they are not native. A wrapped token is a sort of cryptocurrency or digital asset that is backed by another coin or asset, often one that is native to a particular blockchain or network, or that is…
