Unfortunately, a vast majority of the stolen funds still remain in the hands of the hacker. Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group. Last month, the North Korean cyber-criminal…
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Smart contracts were made famous by the Ethereum (ETH) network, which offers Turing-complete smart contracts that enable the development of decentralized products and services. What not everyone may be aware of, however, is that smart contracts also exist on Bitcoin (BTC). Read on to learn about Bitcoin smart contracts and the different projects that…
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Meta has shaken public trust when it comes to data privacy, and the wider Metaverse must temper users’ concerns by learning from Meta’s mishaps. Metaverse skeptics fear the prospect of unprotected data and large-scale user surveillance on a scale never seen before. Ironically, the largest company pushing the Metaverse, Meta (previously known as Facebook), has…
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People can have a better knowledge of the Metaverse and Web3 by learning how to utilize Minecraft. What is the Metaverse? The Metaverse is a term coined by Neal Stephenson in his 1992 science fiction novel Snow Crash to describe a future virtual reality-based online world. Some have gone as far as pronouncing Stephenson’s novel…
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Kadena, a proof-of-work-based cryptocurrency that also has the possibility of supporting smart contracts, has announced a new set of grants directed to incentivize the creation of Web3 experiences. This $100 million grant fund is part of the Kadena Eco initiative, whose objective is to offer builders a complete suite to deploy their solutions on top…
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As the world looks for convenience, decentralized applications must quickly adapt their offerings to meet user expectations set by Web 2.0. How are blockchain development platforms addressing these concerns? New blockchain development offerings are making it simple for Web 3.0 applications to implement push notifications. A practical solution to these UX issues would need to…
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The Kingdom of Saudi Arabia is looking into the possibility of implementing blockchain technology across its government as well as allowing the use of cryptocurrencies. However, an official said the kingdom can only successfully build blockchain-based solutions if it hires people that are proficient in this technology. Government Needs to Hire Talented Individuals Saudi Arabia…
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2022 is shaping up to be the year for Web3. KuCoin, Framework Ventures and CoinDCX have all made a splash in this emerging paradigm. “Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is…
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PRESS RELEASE. On 22 April, Tori Zero announced the strategic partnership with Wirex. The first collaboration will focus on a new product developed by Wirex – the Wirex Wallet. Tori Zero will be the first group of NFT projects integrated into this new wallet. Tori Zero is the first virtual idol project in the blockchain…
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Fidelity Investments, a major financial services firm with $11.3 trillion in assets under administration, has entered the metaverse with the opening of an eight-story learning center and the launch of a metaverse exchange-traded fund (ETF). The Fidelity Stack features “a multi-level design complete with a lobby, dance floor, and rooftop sky garden for users to…
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