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German Authority Cautions Of New Banking And Crypto Malware "Godfather"
The German authorities in charge of financial matters have issued a warning in reaction to the rapid spread of a new piece of financial malware that affects banking and cryptocurrency apps. The malware is causing disruptions to users' transactions.
Godfather is a piece of malware that can be found in banking and cryptocurrency applications and steals user data. On January 9, the Federal Financial Supervisory Authority (BaFin) of Germany published an official statement warning customers about Godfather.
BaFin's findings, the newly discovered malware is aiming its destructive capabilities at over 400 banking and cryptocurrency applications, some of which are even used in Germany.
The Godfather virus deceives users into entering their login information by claiming to be the websites of reputable banking and cryptocurrency programs. This allows the infection to steal sensitive information.
According to the regulating authority, it has not yet been determined how the virus infects the devices that customers use in their everyday lives. It is good knowledge that the virus will send push notifications in an effort to obtain the codes for two-factor authentication. Read More
This NFT Solves A Problem The $100B Diamond Industry Can’t
Manipulation and fraud in the diamond industry goes on to this day. The Diamond Dawn NFT collection showcases an elegant solution to the problem.
An NFT project designed to solve real-life problems, Diamond Dawn demonstrates how decentralised NFT technology can solve the massive problems that beset the diamond industry, including that of certification fraud.
So how is this done?
The Diamond Dawn project locked 333 REAL GIA-certified diamonds in a vault in the Israeli Diamond Exchange centre. The team developed a smart contract that can represent the attributes displayed on a GIA certificate, and the corresponding traits of all 333 diamonds were injected into it, effectively creating the first-ever set of on-chain diamond certifications.
The project partnered with artist David Ariew, who recently sold his first digital artwork at Sotheby’s, and he designed the digital counterparts to the 333 physical diamonds. Read More
Blockchain privacy groups urge new US Congress to protect privacy rights
Digital advocacy group Fight for the Future has rounded up a group of prominent signatories to its appeal for digital privacy, balanced power and human rights.
Digital rights advocacy group Fight for the Future has posted an open letter on its website encouraging the new members of the U.S. Congress to protect privacy. The letter has attracted dozens of companies and organizations as cosigners.
“Increasingly, the incredible creative power of U.S. software developers is being chilled by clumsy, misguided legislative and regulatory actions,” the authors of the letter wrote. This is in spite of the fact that the First Amendment to the U.S. Constitution protects code as speech, the letter added, and that was why many technologies to protect privacy were created in the United States.
As “an illustration of the robust digital future you [new legislators] should foster,” the letter mentioned Filecoin, ZCash, MobileCoin and several communications protocols by name. The letter encouraged the lawmakers to protect privacy rights, champion end-to-end encryption and safeguard personal data. In addition, the letter called for “working to identify and correct power imbalances.” The authors explained:
“We need online spaces that are not owned or controlled by a single person, as they put user privacy at risk. We need tools that give individuals and communities power over their online experience.” Read More
Learn how modular Layer-2 blockchains are helping developers build secure dApps for the Web3 future
Why are modular Ethereum Layer-2 scaling solutions best-suited for Web3 developers wanting an efficient and low-fee environment.
Arguably the most popular blockchain amongst developers building decentralized applications (dApps), the Ethereum Network is credited with introducing the Web3 community to innovations like smart contracts while maintaining robust security standards.
However, in order to solve Ethereum’s scalability issue, a new type of Layer-2 (L2) blockchain was introduced that relies on the Ethereum Mainnet (Layer-1) for its security but processes transactions on separate third-party networks in order to increase throughput speeds.
EVM compatibility for higher transaction speeds:
Importantly, developers had to ensure that these L2 blockchains were compatible with the Ethereum Virtual Machine (EVM), a run-time environment where Ethereum’s application code and smart contracts are executed, EVM compatibility ensures that smart contracts can be executed in a cross-chain environment, enabling Web3 developers to build dApps that can interact seamlessly with each other.
As a result, a number of decentralized finance (DeFi), gaming, and social dApps are built and hosted on L2 blockchains, marking a decided shift in Web3 developers’ preferences away from the Ethereum mainnet. 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
Twitter Developing ‘Coins’ Feature With Stripe Payments
The new feature will allow users to reward individual tweets with “Awards” using “Coins,” which can be withdrawn at a $50 minimum threshold.
Twitter is continuing to develop a new feature that will allow users to give each other “Awards” using “Coins” that can be purchased with fiat currency.
According to security researcher and data miner Jane Manchun Wong, Twitter is currently developing a purchase interface and menu item button for Coins, and will use Stripe to process payments in fiat.
The news suggests that Twitter’s monetization strategy is continuing to develop, despite losing much of its staff just a few months ago following new CEO Elon Musk’s takeover.
While it’s unlikely that these Coins will exist on the blockchain, it’s possible crypto could be added as a payment method through Stripe, allowing users to buy Twitter Coins with crypto in the future. Stripe leaned into supporting crypto payments last year, and Twitter tested USDC payouts through Stripe for creators monetizing their content through its social media site last year as well. Read More
Cointelegraph has launched an Accelerator program for innovative Web3 startups
The program aims to help Web3’s rising stars boost their media presence, community growth and brand awareness in exchange for project tokens.
The Web3 space is growing rapidly and new startups are emerging daily, with investment into Web3 projects skyrocketing to $30 billion in 2021 and around $36 billion in 2022.
While many Web3 founders have great ideas and a strong value proposition to bring to the space, this is a challenging field riddled with competition and a lack of trust from the broader audience.
Founded in 2013, Cointelegraph has grown to become a world leader in the digital assets, metaverse and emerging technologies media space, with over 20 million readers worldwide.
The company is now looking to help other rising stars reach their full potential and is delighted to introduce its Accelerator program — a startup booster leveraging the company’s capabilities as a strong media and strategic partner, including content, branding, network, marketing, investor relations and much more. Read More
Web3 platform Polarys integrates Chainlink Price Feeds
Polarys is a Web3 platform that allows athletes, associated clubs, and sports brands to launch NFT memberships. It has, at present, successfully incorporated Chainlink Price Feeds, because of which it happened to have been extremely excited in making its official announcement. Polarys’ Multichain Minting Engine is responsible for allowing a smooth onboarding for the new crypto users. This very incorporation will benefit them immensely in making the exchange of digital asset prices to that of USD. This will be achievable in the case scenario of users minting community NFTs and carrying out transactions on the Polarys NFT marketplaces.
With the incorporation of the absolute top-of-the-line decentralized oracle network, Polarys will now find itself in the position of effectively connecting with top quality, tamper-proof price feeds, which eventually are required in the receiving of correct price-related data in the case of the digital assets. This helps to ensure that users carry out all transactions while maintaining a justifiable market price.
At this point, it becomes imperative to delve a bit more into what these entities entail. On its part, Polarys happens to be a Web3 platform that allows athletes, associated clubs, and sports brands to build digital communities with the help of NFTs. Read More
Avalanche Partners With Amazon - Adds Subnets To AWS Marketplace
Ava Labs, the company behind the Avalanche blockchain, has partnered with Amazon Web Services (AWS) to bring scalable blockchain solutions to enterprises and governments.
The partnership allows Ava Labs to leverage the power and scalability of AWS's cloud infrastructure to provide its customers with a secure and efficient way to build decentralised applications.
The Avalanche network is designed to handle thousands of subnets, each of which can support thousands of decentralised applications and billions of assets. This makes it ideal for large-scale use cases such as supply chain management, digital identity, and asset tokenization.
The partnership with AWS will allow Ava Labs to bring these capabilities to a wider audience and help customers to easily and securely deploy and manage their decentralised applications on the Avalanche network.
AWS is a leading provider of cloud computing services, with a global network of data centres and a wide range of services that enable businesses to run their applications and store their data in the cloud. 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.
