Don’t be delusional: Decentralization doesn’t compensate for regulation
DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature.
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Gatehub Crypto Wallet Data Breach Compromises Passwords of 1.4M Users
A security researcher behind the data breach index site “Have I Been Pwned” said that password data and personal information of 2.2 million users of two websites have been dumped online.On Nov. 19, Ars Technica reported that security researcher Troy Hunt confirmed that the compromised data belonged to accounts of cryptocurrency wallet, GateHub, and RuneScape…

China’s IT Ministry Calls for ‘Acceleration’ of Blockchain Standardization
A document published Nov. 12 on the official website of the Cyberspace Administration of China (CAC) calls on the country to “accelerate” the development of standards for the blockchain industry.The text has been authored by the Ministry of Industry and Information Technology (MIIT)’s Zhou Ping, who is also secretary general of the China Blockchain Technology…

‘Multi-Threaded’ Blockchain Solana Receives $20 Million in Funding
The development team behind proof-of-stake (PoS) blockchain Solana received $20 Million in funding, according to a press release shared with Cointelegraph on July 30.Solana claims to be first web-scaled blockchainPer the release, the funding round was led by Multicoin Capital, with participation from Distributed Global, Blocktower Capital, Foundation Capital and Blockchange VC, among several other companies.Solana…

‘The Quantum Apocalypse is coming’ — decoding Meta’s weird warning
The biggest threat posed by quantum computers may be impossible to defend against.

NFTs: Overpriced crap or new art history?
It’s been a heady few weeks for commerce and art.Surely a revolution is afoot and we’re too mired in the hot mess to see it right.With that proviso, here are two notes from the front lines. NFTs are cutting-edge, digital art ain’tSome folks say the non-fungible token (NFT) that allows a digital artwork to be…

Can the Optimism blockchain win the battle of the rollups?
Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these new applications a…

Japan to test Ripple’s ODL service for money transfers to Philippines
Japan’s first On-Demand Liquidity (ODL) service implementation helps Ripple to drive the adoption of crypto-enabled services. Showcasing the use of cryptocurrency in monetary transfers, Ripple has become a known partner for traditional institutions that wish to revamp their cross-border remittance services. Taking this vision further ahead, Ripple announced a new partnership with Japan’s SBI Remit…

New York AG’s office seeks additional authority over crypto firms
Under a bill proposed by New York Attorney General Letitia James, crypto exchanges could be required to reimburse users who were the victims of fraud. 210 Total views 6 Total shares Own this piece of history Collect this article as an NFTLetitia James has reportedly proposed legislation that would give the New York Attorney General’s…