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Introducing Self, The Web3 Fraud Prevention Platform
Self, the Web3 fraud prevention platform and decentralised trust network, has announced their recent beta launch.
Harnessing the power of blockchain technology, the Self platform solves fraud and the many issues surrounding it. The Self Network provides an array of user benefits spanning digital identity, data sovereignty, and end-to-end encrypted communications, with the open platform allowing developers to create a broad range of additional products. A comprehensive set of APIs and SDKs allows businesses to seamlessly integrate Self into their existing platforms and workflows.
Dan Sutherland, Founder at Self, commented:
“We are incredibly excited to share Self with the world. Globally, fraud is a 5.2 trillion dollar problem which affects all areas of our lives. Self provides a much-needed and long overdue solution to this, leveraging Web3 to bring the human factor back into the digital realm. Fundamentally, Self brings together people and technology in ways never seen before to tackle fraud in an entirely new way, and facilitates the development of a platform which will reshape the future of trust.” Read More
Web3 Foundation makes bold claim to SEC: DOT is ‘software, not a security’
According to CLO Daniel Schoenberger, the team developed a “workable theory of how token morphing may be achieved” for DOT based on the SEC’s concerns and federal securities laws.
The entity supporting research and development of Polkadot, as well as overseeing fundraising efforts for the blockchain, has argued that the United States Securities and Exchange Commission should not consider DOT a security under its regulatory purview.
In a Nov. 4 blog post, the Web3 Foundation’s chief legal officer, Daniel Schoenberger, said Polkadot’s native token had “morphed” and was “software” rather than a security. Schoenberger said the claim was “consistent with the views” it had shared with the SEC following discussions it began in November 2019.
“While the Polkadot vision had not contemplated that the blockchain’s native token would be a security, we understood that the SEC’s view was likely to be that the to-be-delivered token would be a security, at least at the time of delivery,” said Schoenberger. “Whatever it took in order for DOT, the native token of the Polkadot blockchain to be — or to become — a non-security, we were willing to do it.” Read More
WhatsApp crash: Are decentralized blockchain messengers a real alternative?
Centralized communication apps share one crucial feature: They crash often. Cointelegraph investigates to see if decentralization can offer a solution.
Since the introduction of ICQ — the progenitor of online chat applications — the expectation from instant messaging (IM) services has never changed. Users simply want them to work, which apparently turned into a tall order, given the frequent downtimes most popular chat apps experience nowadays.
Launched the same year as Bitcoin, WhatsApp is one of the most widely used chat apps on the planet. Owned by Meta (the stable of which also boasts Instagram and Facebook), WhatsApp stands as the epitome of centralized services. That’s why when the service goes down, it has a much broader impact than just leaving over two billion monthly users scratching their heads and complaining on Twitter.
WhatsApp embodies the qualities of a centralized mindset perfectly: It has mainstream reach, an industry giant backs it and despite nearly one-third of the planet using it, people have absolutely no say over the final product. Read More
Polygon Studios' Ryan Wyatt talks Web3's core principles and fairer internet
Ryan Wyatt, the CEO of Polygon Studios, shares his thoughts on blockchain upgrades and his plans for Polygon in supporting the upcoming Web3 disruption.
The year 2022 in crypto was eventful in many ways. However, the negative impacts of a bear market dampened the excitement around the blockchain upgrades that significantly brought crypto ecosystems closer to the future of finance.
For Bitcoin, it was the Taproot soft fork upgrade, which was aimed at improving the scripting capabilities and privacy of the Bitcoin network. Ethereum underwent the Merge upgrade to transition from a proof-of-work to a proof-of-stake (PoS) consensus mechanism.
Leading decentralized Ethereum scaling platform Polygon kicked off the year with mainnet upgrades based on Ethereum Improvement Proposal (EIP)-1559, otherwise known as the London hard fork. The upgrade was accompanied by Polygon token burning and better fee visibility.
On Jan. 25, Ryan Wyatt joined Polygon Studios as the CEO after resigning from YouTube as global head of gaming. Speaking to Cointelegraph, Wyatt discussed the importance of timely blockchain upgrades and his vision for Polygon. Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Vietnam Businesses Urge for Blockchain Training of Students and IT Specialists
Members of the expanding blockchain sector of Vietnam have called on government and educational institutions to turn more attention to the deficit of talent. With the shortage of qualified personnel being a global challenge, they say the country needs to address the lack of training.
Industry Players Highlight Growing Need for Blockchain Experts in Vietnam:
Vietnam is not the only nation in search of blockchain developers with the deficit seen as a common problem for countries like the United States, China and India, too. When it comes to the new technology, Vietnam is for the first time in the same situation as these tech hubs and it’s just as understaffed, business executives told local media.
The scarcity of expertise is inevitable in both Vietnam and internationally, said Pham Van Huy, CEO of Moonlab, a company working on blockchain and metaverse projects. Quoted by the English-language daily Vietnam News, he elaborated:
It is extremely difficult to recruit human resources specializing in this field as blockchain is still quite new and there are no training programs at universities, colleges, or even information technology centers in the country. Read More
Web3 Domain Alliance Launches to Protect Users’ Digital Identities
The newly formed member-led alliance will support the development of Web3 domains and work to fight bad actors, cybersquatting and domain collisions in Web3.
Today, the Web3 Domain Alliance was formed – a new coalition that aims to promote the technological advancement and interoperability of Web3 domain registries and improve the experience of Web3 users. The alliance will seek to prevent malicious phishing attacks, bad actors impersonating Web3 “top-level domains” (W3TLDs), cybersquatting and Web3 domain collisions. The member-led group includes leading blockchain and Web3 naming players including Unstoppable Domains (.crypto, .nft, .x, .wallet, .bitcoin, .dao, .888, .zil, and .blockchain), Bonfida (.sol), Tezos Domains (.tez), Polkadot Name System (.dot), Hashgraph Name (.hbar), Syscoin (.sys), and klaytn.domains (.klay) that are working together to provide protection for Web3 domain names. This cross-chain coalition includes naming systems across the Polygon, Ethereum, Solana, Tezos, Polkadot, Hedera, and Klayton blockchains. Read More
DeFi faces criticism for denying user access based on wallet content
Entrepreneur Brad Mills said that decentralized finance rebuilt everything wrong with Wall Street on a blockchain.
While decentralized finance (DeFi) is expected to be an upgrade to traditional finance mechanisms, some believe that denying users access to decentralized exchanges based on their wallets is a backward move.
In a tweet, entrepreneur Brad Mills criticized DeFi for denying users access to decentralized exchanges (DEXs) due to various factors such as location and wallet content. Because of this, Mills described the future of Web3 as a “surveillance panopticon” and said that it has rebuilt everything wrong with Wall Street but on a blockchain. Within the tweet, Mills also shared an image of a pop-up message from 1inch Network’s decentralized application (DApp) restricting access because of the wallet address used.
In a statement, Sergey Maslennikov, the chief communications officer at 1inch, told Cointelegraph that restricting wallets is part of their efforts to provide a safe and compliant community environment. Maslennikov explained that:
“Users’ wallets which are owned or associated with clearly illegal behavior like: sanctions, terrorism financing, hacked or stolen funds, human trafficking, and child sexual abuse material (CSAM) are prevented from interacting with the 1inch dApp.” Read More
Investors increasingly confident of Ripple’s victory over SEC: CoinShares
XRP investment products have seen a third consecutive week of inflows, suggesting investors may be increasingly confident of Ripple’s victory.
Recent developments in the Ripple vs. Securities and Exchange Commission (SEC) case appear to have bolstered investor confidence in XRP-tied investment products, according to investment data from CoinShares’ head of research, James Butterfill.
In its latest Digital Asset Fund Flows published on Nov. 7, Butterfill noted that XRP investment products have seen a third consecutive week of institutional inflows, clocking $1.1 million.
Butterfill said the figures imply “improving investor confidence as the SEC case against Ripple looks increasingly fragile.”
The last few weeks have seen Ripple Labs gaining increasing support from heavy hitters in the crypto industry including Coinbase and the Blockchain Association.
In a Nov. 4 post, General Counsel for Ripple Stuart Alderoty announced to his 89,000 followers that, “A dozen independent voices - companies, developers, exchanges, public interest and trade assoc’s, retail holders” had offered their help to explain how “dangerously wrong the SEC is.” 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.
