Transak hit by data breach, 92K users exposed
Transak disclosed a data breach affecting over 92,000 users after a phishing attack compromised an employee’s laptop.
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Dogecoin is better than Bitcoin for payments, Elon Musk declares
Elon Musk continued promoting DOGE in a Time Magazine interview after being named Time’s 2021 Person of the Year. 2904 Total views 70 Total shares Tesla CEO Elon Musk believes that Bitcoin (BTC) is not that good for everyday payments as the meme-based cryptocurrency, Dogecoin (DOGE).Musk compared the world’s largest cryptocurrency, Bitcoin, to DOGE in…

Smart contract-enabled insurance holds promise, but can it be scaled?
A new insurance world is coming where smart contracts replace insurance documents, blockchain “oracles” supplant claim adjusters, and decentralized autonomous organizations (DAOs) take over traditional insurance carriers. Millions of poor farmers in Africa and Asia will be eligible for coverages like crop insurance too, whereas before, they were too poor and too dispersed to justify…

Emerging technologies can change the African financial landscape
Africa is the home to 1.2 billion people and what has been described as the world’s largest trade area — the African Continental Free Trade Area. Africa is forging a new path to driving development, and access to financial services will play a significant role in its economic growth. The need to provide improved systems…

The Land of the Free: Why Decentralization Matters in the Crypto Republic
On May 30, Tezos implemented the amendment Athens A, as the result of a voting process that involved its baker nodes (the Tezos equivalent of “miners”) from Feb. 28 to May 30.Although the actual relevance of the upgrade was quite small (see below), the Tezos community underlines that the test was a milestone. The smooth…

Polychain leads $6.7M investment in new Bitcoin-centric yield network Corn
Corn aims to unlock more of Bitcoin’s $1.1 trillion liquidity for DeFi applications.

Singapore regulatory sandbox lacks qualified crypto payment providers
The MAS has said that rising malware scam cases in Singapore have nothing to do with cryptocurrencies. On the contrary, it claimed, such scams are more prevalent in the fiat economy. 58 Total views 2 Total shares The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in the FinTech

Organizations look toward multiparty computation to advance Web3
Protecting user data and private keys is crucial as Web3 advances. Yet, the number of hacks that have occurred within the Web3 space in 2022 alone has been monumental, proving that additional security measures, along with greater forms of decentralization, are still required. As this becomes obvious, a number of organizations have started leveraging multiparty computation,…

Sentient closes $85M seed round for open-source AI
The round was led by Peter Thiel’s Founders Fund alongside Pantera Capital, Framework Ventures and others.