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• Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, has called for a “strict ban” on crypto in light of recent banking collapses. • The suggestion comes after Silicon Valley Bank, Signature Bank and Silvergate Bank have experienced financial difficulties in the US. • Members of […]
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• Ethical hacking is the practice of identifying and testing vulnerabilities in a system to improve its security and prevent unauthorized access. • The same tools and methods used by malevolent hackers are also used by ethical hackers, but their objective is to enhance security rather than cause harm. • Ethical hacking involves planning, reconnaissance, […]
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• US legislators Senator Edward Markey and Representative Jared Huffman reintroduced the Crypto-Asset Environmental Transparency Act in Congress. • The bill would require crypto mining companies to disclose emissions for operations that consume more than 5 megawatts of power and require the EPA to investigate their impact. • 16 public organizations such as the Sierra […]
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G20 to Set Global Crypto Framework • The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, according to the group of 20 biggest economies of the world. • By July, FSB will release recommendations […]
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• ConsenSys acquired Hal, a no-code blockchain development tooling platform, to disrupt alerts and notifications at the protocol level in Web3. • The acquisition will allow ConsenSys’ Web3 API provider Infura to integrate Hal’s configurable webhooks or notification service in its developer stack. • In February 2022, ConsenSys acquired Ethereum wallet interface provider MyCrypto to […]
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• Iris Energy is a Bitcoin (BTC) mining company that has revealed it will nearly triple its current mining capacity with the addition of thousands of new mining rigs. • The firm purchased 4.4 exahashes per second worth of Bitmain Antminer S19j Pro ASIC miners, bringing their total self-mining capacity to 5.5 EH/s from 2.0 […]
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• Damus, a decentralized social network, teased an upcoming feature that would allow users to earn satoshis based on post engagement. • The team has not revealed when the feature will be available but it is expected to be rolled out in the app’s next update. • The project is supported by Jack Dorsey who […]
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• Rumors are circulating that Dogecoin could switch from proof-of-work to proof-of-stake (PoS); • If this happens, it would have a devastating effect on Scrypt mining, reducing profits for miners and forcing ASIC manufacturers to drop prices; • It’s hard to determine if these rumors are true or not, but the implications of such a […]
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• Web3 technologies such as cryptocurrencies and NFTs can revolutionize loyalty programs by making them more accessible and efficient. • Web3 technologies can enable customers to access multiple loyalty programs and make efficient redemptions. • Web3 technologies can also be used to make loyalty programs more secure and transparent. Loyalty programs have become an important […]
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• ConsenSys, the parent firm of MetaMask, has announced that it will be cutting 11% of its staff due to uncertain market conditions. • CEO Joseph Lubin has blamed “poorly behaved” centralized finance actors for casting a “broad pall” on the ecosystem. • Lex Sokolin, the chief cryptoeconomics officer of ConsenSys, said the industry is […]