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Umbrel CEO Says DIY Bitcoin Node Blocks Corporations From Spying on Us
It's time to stop trading privacy for convenience, Umbrel CEO Mayank Chhabra told Decrypt.
Bitcoin node provider Umbrel debuted its Umbrel Home, hardware that bundles together a Bitcoin node and tools for a home server, to give users more control of their finances and data.
Umbrel, which previously focused on providing users with the umbrelOS software for self-hosting data, is now breaking into hardware. Usually, users need to set up a dedicated computer or Raspberry Pi to use for a Bitcoin node or home server. Then they need to do all the prep work of downloading all the required infrastructure, such as umbrelOS. With the Umbrel Home, the idea is to eradicate much of this prep work, making it easier for users to own their own data if they desire.
The Umbrel Home is available for pre-order with a price tag of $699, with plans to ship them this June. Read More
Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches
The wallet developer also raised $4.5 million from Hack VC and other firms to further advance ZK-based enterprise solutions.
Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year.
According to the announcement, Demox also raised $4.5 million from investors to further develop ZK-proof technology through Aleo and other networks. Over 40,000 users signed up for the Leo wallet waitlist in the period leading up to its debut.
The funding round was led by venture capital firm Hack VC and included participation from DCVC, Amplify Partners, Coinbase Ventures, CRV, OpenSea and CSquared. The funds will be used to make Leo compatible with other ZK-proof blockchains and develop Web3 applications for enterprises. Read More
Atomic Wallet exploited, users report loss of entire portfolios
Several users have reported losses of crypto assets, claiming funds held on the Atomic Wallet app vanished.
Atomic Wallet has reportedly been exploited, with users reporting complete losses of their crypto portfolios. Atomic is a non-custodial decentralized wallet, meaning users are responsible for assets stored in the application.
“We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly,” stated Atomic’s team in a tweet on June 3.
Several users have commented on the post reporting losses, claiming funds have been wiped from the digital wallet app. On-chain sleuth ZachBTX — known for tracing stolen funds and assisting hacked projects — is taking part in the investigation. At the time of writing, it’s unclear how the attack was carried out. Atomic claims to have over 5 million users.
Twitter users have also reported that funds on the Atomic Wallet app have been stolen in the past. “This happened to my BTC 6 months ago with Atomic. They simply replied back to protect your pw, seed phrase, blah blah... I told them NOT even possible! All I do is use U to exchange and then move crypto out. My response to them, I will use U no MORE then! Now I was right!” wrote one user in response to the post. Read More
Uniswap scam alert: Fraudsters impersonate executives and create fake website
Uniswap and its foundation have no association with the scam as efforts are being made to combat it.
Hayden Adams, the creator of the Uniswap protocol and CEO of Uniswap Labs, recently expressed his surprise on Twitter regarding a scam where individuals created a fake Uniswap website.
In a tweet, Adams indicated his astonishment at the elaborate nature of the scam, emphasizing that it required a significant amount of effort. He further disclosed that the scammers had incorporated Chinese community content into their scheme and even included links directing users to the legitimate Uniswap app on their deceptive website.
To add an extra layer of credibility to their scheme, the scammers went to great lengths by organizing an hour-long Zoom recording showcasing individuals pretending to be high-ranking executives from Uniswap. This orchestrated video presentation aimed to deceive viewers into believing the authenticity of the scam. Upon viewing the video, Adams expressed his bewilderment, stating, “Video is nuts. No idea who any of those people are.“
To dispel any misconceptions, Adams made it clear that neither Uniswap nor the Uniswap Foundation had any form of association or involvement with the video in question, or the individuals who appeared in it. Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues with its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns.
Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds.
The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.
It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.
CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More
Has Ethereum Been Taken Over by a 'Cartel'? Here’s What You Need to Know
The bigger a staking "cartel" gets, the more rewards it earns, and the more alluring it is for users—centralization begets centralization.
The Ethereum ecosystem finds itself in the throes of a controversy surrounding the outsized footprint one of its staking pools, Lido Finance (LDO), has on the overall network.
“Centralization concerns around LSD’s are well-founded” began a tweet by founder of The Daily Gwei and independent Ethereum educator, Anthony Sassano. He added: “If my fellow Ethereans want Lido dominance to go down, then they need to create and promote better liquid staking protocols.”
The current controversy surrounding the Ethereum ecosystem refers to liquid staking derivatives, or LSDs, particularly with Lido Finance.
Liquid staking refers to depositing Ethereum in a protocol that then pools it with other user deposits and stakes the ETH on their behalf. In return, users get another token representing their staked position which accumulates its own rewards. In Lido’s case, users receive Staked Ethereum or stETH. Read More
AngelBlock To Kick Off New Era Of Crypto Fundraising With SOLA-X
Crypto investors have an enticing opportunity to gain early access to SOLA-X, the first project seeking to raise capital on AngelBlock, a new, non-custodial fundraising protocol.
AngelBlock revealed SOLA-X as its first raise in a blog post last month, tempting investors with the promise of much greater oversight and control over the project’s progress, thanks to its clever “post-raise governance” mechanisms that ensure it must achieve specific goals prior to unlocking capital.
On its website, AngelBlock explains that too many investors have been burned in the past due to a lack of transparency and governance on traditional crypto launchpads. Once the funding has been raised, crypto projects are basically left to their own devices, with no checks on their progress or control over how they use the capital they have generated.
AngelBlock aims to change this with its post-raise governance, which dictates that projects must establish a series of milestones that must be met, to the satisfaction of its investors, before the next chunk of capital can be accessed. Once the project completes a milestone and files a report, investors will have the opportunity to vote on it and can either approve it and unlock the next pot of funds, or reject it and ask the team to make improvements. This way, AngelBlock says the interest of the project’s founders and investors become better aligned, increasing the prospects of success. Read More
Potential Ripple IPO On The Cards?
According to Eleanor Terrett, Ripple and its underwriters met Wall Street investors as they look to generate interest in a potential IPO.
Several rumors suggest that Ripple may go the IPO route following the conclusion of its long-running lawsuit against the Securities and Exchange Commission. This became a topic of discussion on Twitter, where it was revealed that the company held a private roadshow event in April, during which company executives met Wall Street investors with the goal of generating interest for an IPO. Eleanor Terrett, Fox Business Journalist, picked up the news, tweeting,
“In April, @Ripple hosted a private “road show” (a marketing event where a company and its underwriters meet with potential investors to generate interest in an IPO). I’m told it was attended by just about every reputable institutional investment firm on the Street.”
John Deaton, a pro-crypto attorney, noted that Ripple could be in a relatively good position depending on the outcome of the summary judgment. Deaton believes that an outright win for Ripple or a mere slap on the wrist could show that ongoing and future sales of XRP are not securities.
“If @Ripple wins the SEC lawsuit or gets the functional equivalent of a slap on the wrist, along with a ruling that ongoing and future sales of #XRP are not securities, the lawsuit will prove a blessing in disguise for Ripple.” Read More
Atomic Wallet says hack affected 1% of active users, but investors claim otherwise
In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds.
A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, according to the company. In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds.
Trying to cash in on the commotion, a few verified scam Twitter accounts impersonated Atomic Wallet while sharing phishing links claiming to help users recover lost funds.
Pseudonymous on-chain researcher ZachXBT further claimed to have helped a victim recover $1 million of lost funds. However, the recovery process is yet to be disclosed, which ZachXBT allegedly “Will share in time but best not to yet.” 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.
