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Coinbase Shares Tips to Protect From Crypto Scams
Crypto exchange Coinbase supports the Australian government’s Scams Awareness Week, emphasizing the importance of consumer education to combat fraud. Coinbase APAC’s managing director offered tips for investors to protect themselves from scams, such as verifying URLs and using two-factor authentication. “Unfortunately, bad actors have been around for centuries and are not going away anytime soon,” he noted.
Coinbase Supports Scams Awareness Initiative Amid Rising Sophisticated Fraud Schemes:
Crypto exchange Coinbase has voiced strong support for the Australian government’s Scams Awareness Week, held from Aug. 26-30, emphasizing the crucial role of consumer education in combating fraud.
John O’Loghlen, managing director of Coinbase APAC, noted that while illicit activity represents less than 0.34% of crypto transactions globally, scammers are increasingly targeting specific groups, like older Australians, through sophisticated schemes. He pointed out that the transparency of cryptocurrencies makes them less appealing to criminals than traditional financial systems. In a statement to Bitcoin News, O’Loghlen provided specific guidance to Australians on protecting themselves from scams. Read More
Ripple partners with DIFC Innovation Hub to accelerate blockchain adoption in Middle East
Ripple, a provider of enterprise blockchain and crypto solutions, plans to partner with the DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC), to accelerate blockchain and digital assets innovation in the UAE.
The new partnership will connect the next generation of developers with the DIFC Innovation Hub, the largest innovation community in the region and home to more than 1,000 growth-stage tech firms, innovation companies, digital labs, venture capital firms, regulators and educational entities.
The partnership between Ripple and the DIFC Innovation Hub will provide the means to drive blockchain and crypto adoption amongst early-stage companies and scale-ups, as well as to introduce and position the technology with traditional large strategic institutions and their use cases.
Brad Garlinghouse, Ripple CEO, said: “The UAE is one of the most advanced jurisdictions globally when it comes to offering regulatory clarity for licensed firms to offer virtual asset services and fostering an environment in which the next generation of financial innovation can flourish.
“Our partnership with the DIFC Innovation Hub promises to drive the adoption of blockchain technology in the region as the XRPL continues to be a leading blockchain for the region’s start-ups and scaleups building real use cases.” Read More
Aptos network integrates Nillion for privacy-preserving apps
Aptos will be able to support confidential DeFi, private AI assistants and more.
Aptos is integrating privacy platform Nillion to support privacy-preserving applications on the layer-1 blockchain network, Nillion told Cointelegraph on Aug. 29.
Aptos will be able to support applications such as confidential decentralized finance (DeFi), private artificial intelligence assistants, secure social media, private gaming and collectibles, and more, Nillion said.
“DeFi users could benefit from private trade execution or hidden liquidation vaults, while supply chains could enhance transparency without compromising sensitive data,” according to Nillion.
Founded in 2021, Nillion is a “blind computation” platform that uses technologies such as multiparty computation (MPC) and fully homomorphic encryption (FHE) to “decentralize trust for sensitive data in the same way that blockchains decentralized transactions,” according to Nillion’s website.
“Nillion’s blind computation technology could ensure that user interactions with Aptos-customized AI models remain completely private,” the company said. Read More
Crypto Scams Are Rapidly Evolving Beyond Pig Butchering: Report
Crypto scams are taking less time but still bring in millions, according to the latest report from Chainalysis.
Crypto scams are getting smarter, faster, more dynamic—and more painful for victims.
That’s according to a new report by blockchain analysis firm Chainalysis, which noted that “many smaller, simultaneous campaigns” by criminal groups are helping them dodge law enforcement.
In its mid-year “2024 Crypto Crime” update, published Thursday, the firm said that both on- and off-chain data showed that scams were getting briefer—but more lucrative.
“The most distinctive feature of this year’s scam landscape involves the rapid evolution of scammers’ on-chain footprint: the crypto wallets and addresses used to take scam victim payments, and the off-chain tools they use to manipulate their victims, like domains and social media accounts,” the report read.
Chainalysis said that “more targeted” scams instead of elaborate crypto ponzi schemes were becoming more common. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
Breaking monopolies: How Ethereum can reclaim its diversified roots
Addressing the monopolization of block building, an independent builder aims to diversify Ethereum again.
To address the dominance of a few builders in the Ethereum network, GigaBuilder stands as an unaffiliated alternative that operates independently, ensuring neutrality and contributing to a more diversified blockchain ecosystem.
A simple glitch in Crowdstrike’s operations sent shockwaves through the business world, crashing Microsoft’s Windows operating system. The incident clearly highlighted the fragility of centralized systems and the pressing need for more robust, decentralized alternatives.
Decentralization, the principle at the heart of blockchain technology, minimizes susceptibility to censorship and undue influence. It allows transactions and activities to proceed without interference and prioritizes security, transparency and fairness by distributing control across an independent network.
However, the Ethereum blockchain ecosystem is currently showing a worrying trend toward centralization, undermining these fundamental benefits. Recent data reveal that block production on Ethereum is concentrated between Titan and Beaver Builder, with these two entities controlling nearly 90% of block production. This dominance threatens the diversity and independence that are crucial for a healthy blockchain ecosystem. Read More
Telegram-based interactive content gains momentum in the Web3 era
A unifying platform aims to become the “Steam of Web3 gaming” by enabling users to quickly find, play and enjoy a variety of games on Telegram while offering a sustainable gaming environment.
Catizen aims to Web3 gaming’s fragmentation by launching a unified game center within Telegram, integrating popular mini-games and the CATI token to enhance user experience and streamline blockchain interactions.
The Web3 gaming market is projected to exceed $133 billion by 2033, fueled by technological advancements like Telegram’s integration of The Open Network (TON) blockchain. Utilizing TON, Telegram has introduced crypto payments and Telegram Mini Apps, an open platform that empowers Web3 businesses to deploy crypto-friendly applications directly within the messaging app.
Among these Mini Apps are various Web3 games, many of which are popular clicker games where players repeatedly tap the screen to progress. However, despite their popularity, these games often struggle with sustainability and face challenges in managing the significant traffic generated by TON.
The Web3 gaming ecosystem also faces challenges due to fragmentation, where many games are developed independently without standardized frameworks. This disjointed approach dilutes user engagement and hampers the seamless interaction necessary for onboarding players from Web2 to Web3. Read More
Native BTC Staking Is Coming to Bitcoin Layer-2 Networks, Babylon Says
Babylon just saw surging demand for its Bitcoin staking. Now it wants to be the security layer of Bitcoin’s layer-2 economy, says co-founder David Tse.
Staking Bitcoin is fast becoming a reality—a functionality once the sole privilege of proof-of-stake crypto networks.
Thanks to Babylon, HODLers can already lock up their BTC, which will soon be used to secure and earn yield from multiple staking-based blockchains at a time. While this has enormous implications for the entire crypto economy, its consequences may be most strongly felt in an ecosystem that’s just getting started: Bitcoin layer-2 networks.
“Bitcoin L2s [are] definitely a very important part of our customers,” said David Tse, co-founder of Babylon, in an interview with Decrypt. “Bitcoin staking becomes a mechanism where the L2s can get security from Bitcoin.” Read More
Cardano’s Chang hard fork successful as it shifts to decentralized governance
The upgrade will transform Cardano governance in the coming months, enabling ADA holders to participate in the voting process.
The Cardano blockchain has successfully undergone its highly anticipated hard fork, upgrading voting mechanisms and smart contracts and heralding a new era of decentralized governance.
On Sept. 1, at 21:44 UTC at block 10764778, the layer-1 proof-of-stake blockchain underwent its Chang upgrade, which ushered in what the project calls the “Conway ledger era.”
One of the key changes is to transform Cardano governance, enabling any Cardano (ADA) tokenholder to submit or participate in the voting process for governance actions as part of the project’s “Voltaire” upgrade phase.
In a Sept. 2 X post, the Cardano Foundation wrote:
“Today’s Chang hard fork marks a major milestone for the Cardano blockchain, ecosystem, and community––fulfilling the promise of a truly self-governing, decentralized network.”
Chang implements onchain participatory governance via Cardano improvement proposal-1694, which allows direct voting or delegation to representatives. It also establishes a constitutional committee and a new governance role for stake pool operators, which will be phased in over the next 90 days. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
