ATHDAOx, an event in the tradition of the Solana Hacker House, took place on Dec. 9 and 10 in Athens, Greece, to discuss all things decentralized autonomous organization (DAO). From governance and legalities to community building and security, the event brought together the local DAO-focused community in Greece and abroad. Cointelegraph was on the ground for the event and spoke…
Month: December 2023
Nym co-founder and Chelsea Manning discuss decentralization and privacy
Users’ data privacy and the growing need for it to be protected is a topic that people worldwide are reminded of on a near daily basis. For example, just two days ago, on Dec. 11, Toyota warned customers about a potential data breach, stating that “sensitive personal and financial data was exposed in the attack.” Hacks, breaches and exploits happen…
Dubai regulator grants crypto license to Bahrain’s CoinMENA
Dubai’s Virtual Assets Regulatory Authority (VARA) has awarded a virtual asset service provider (VASP) license to Bahrain-headquartered cryptocurrency exchange CoinMENA to operate and offer services in and from the emirate. The license acquired by CoinMENA FZE, the Dubai subsidiary of CoinMENA B.S.C., permits the platform to offer virtual asset broker-dealer services, the Dec. 12 announcement shared with Cointelegraph said. It…
40% of crypto game devs are banking on trad gaming in 2024
Nearly 40% of blockchain game developers believe that traditional gaming studios will be one of the biggest positive driving forces for the Web3 gaming sector in 2024. In its “2023 State of the Industry Report,” released on Dec. 12, the Blockchain Gaming Alliance (BGA) found that 37.8% of respondents believed Web2 studios launching new games in Web3 or applying blockchain elements…
Microsoft in pact with U.S. labor organization to foster worker-focused AI development
Tech giant Microsoft and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) have announced a new partnership to discuss how artificial intelligence (AI) can anticipate the needs of workers and include their voices in its development and implementation. According to the AFL-CIO, the agreement’s goals include information sharing among labor leaders and workers on AI trends, incorporating…
Crypto hacking losses plunge by nearly 50% in 2023 – Research
Blockchain intelligence firm TRM Labs says losses from cryptocurrency hacking in 2023 have dropped by more than 50% compared with 2022, and credits the decline to improvements in industry security. TRM Labs’ report published on Dec. 13 cites its research into the key factors behind the significant drop in cyber theft. It reveals that losses from hacking in crypto projects…
Binance Pushes to Dismiss SEC Lawsuit With Flurry of Filings
Binance may have settled with U.S. regulators to the tune of $4.3 billion, but it still faces an ongoing lawsuit from the Securities and Exchange Commission (SEC). In a series of court filings Tuesday, Binance pushed for the suit to be dismissed, claiming that the SEC has applied a “novel, contorted interpretation” of securities laws, and accusing the regulator of…
3AC co-founder Su Zhu set to be released by year-end after court grilling: Report
Su Zhu, co-founder of bankrupt cryptocurrency lender Three Arrows Capital (3AC), is reportedly set to be released soon, after facing an extensive interrogation in a Singapore court, Bloomberg reported. Zhu was arrested in Singapore in September 2023 when he attempted to flee the country after a local court sentenced him to four months of imprisonment. 3AC’s joint liquidator, Teneo, said at…
Wikipedia co-founder says Bitcoin doesn’t work, BTC community claps back
Wikipedia co-founder Jimmy Wales took to X (formerly Twitter) on Dec. 11 to take a potshot at Bitcoin, crowing that while many users have lost their Bitcoin because they forgot their BTC wallet passwords, he’s never lost any money due to mislaying his bank password. Wales’s comments didn’t resonate well with the wider Bitcoin and crypto community, who snapped back…
OKX DEX suffers $2.7M exploit after proxy admin contract upgrade
The decentralized exchange (DEX) of the cryptocurrency exchange OKX (a.k.a OKX DEX) suffered a $2.7 million hack on Dec. 13 after the private key of the proxy admin owner was reported to be leaked. On Dec. 13, the blockchain security firm SlowMist Zone posted on X, formerly known as Twitter, that OKX DEX “encountered an issue.” According to the report,…