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Dec 23, 2021

‘Rug pull’ cryptocurrency scam costed investors over $7.7 billion in 2021: Chainalysis

Posted by in categories: bitcoin, cryptocurrencies

It should be noted that in 2020, rug pulls accounted for just 1 per cent of the under $5 billion in total illicit revenue.


Earlier, in November, millions of dollars vanished in a matter of minutes after investors piled into a new cryptocurrency inspired by “Squid Game,” the popular Netflix survival series, only to watch its value plunge to nearly zero in a few short hours. Then Squid went on a roller-coaster ride. In a 10-minute span later on Monday, the token’s value grew from $628.33 to $2,856.65, according to CoinMarketCap, a crypto data tracking website. Then, five minutes later, it traded at $0.0007.

Meanwhile, US Federal Bureau of Investigation (FBI) had issued a warning in November, against cybercriminals that are using Bitcoin ATMs and QR codes to defraud unsuspecting individuals. The FBI in a recently released Public Service Announcement (PSA), said that it has witnessed an increase in scammers directing victims to use physical cryptocurrency ATMs and digital QR codes to complete payment transactions.

Continue reading “‘Rug pull’ cryptocurrency scam costed investors over $7.7 billion in 2021: Chainalysis” »

Dec 23, 2021

Web 3.0 Is Coming, But Not Everyone Will Love It

Posted by in categories: bitcoin, business, cybercrime/malcode, internet, privacy, robotics/AI

Go beyond the hype.

Dubbed as the internet of tomorrow, Web 3.0 seems to be the next big thing that’s going to change our lives by fundamentally reshaping the internet.

Continue reading “Web 3.0 Is Coming, But Not Everyone Will Love It” »

Dec 22, 2021

Bitcoin will replace the dollar, Jack Dorsey tells Cardi B in response to the rapper’s crypto question

Posted by in categories: bitcoin, cryptocurrencies

Block CEO Dorsey has consistently praised bitcoin, and his departure as Twitter’s CEO is likely linked to his ambitions around the crypto asset.

Dec 21, 2021

The Role Of Blockchain In The Development Of The EV Industry

Posted by in categories: bitcoin, climatology, existential risks, sustainability

You may not see them coming, but the effects of climate change are starting to be felt in certain parts of the world. An example of this is the destruction of several coral reefs around the globe in recent years. As devastating as that sounds, it is only the prologue to a long list of potentially catastrophic events yet to arrive. In the long term, climate change threatens to eventually drive humans towards extinction. Therefore, while little steps, like planting more trees and turning out lightbulbs when not in use, are certainly useful, bigger steps are needed to fend off the devastating effects of climate change.

An internal combustion engine is one of the prime contributors to climate change-causing carbon emissions. Such engines produce large quantities of nitrogen oxide, carbon monoxide and other hydrocarbons that harm the environment and cause respiratory disorders in individuals. Due to these—and many more—reasons, electric vehicles, or EVs, need to replace the ones with traditional combustion engines.

EV owners can save about US$700 a year on fuel costs alone. Also, the maintenance expenses of EVs are lower than those of standard vehicles. So, owning EVs can help them save money and reduce their extreme reliance on fossil fuel, thereby slowing down its inevitable depletion from the earth. Additionally, EVs are incredibly efficient as they only consume approximately 25–40 kWh per 100 miles. Most importantly, EVs reduce CO2 emissions by nearly 178 million kg. What’s more, despite the high fuel efficiency and smaller carbon footprint, EVs can outperform vehicles with traditional combustion engines easily.

Dec 21, 2021

Use of blockchain technology could increase human trust in AI

Posted by in categories: bitcoin, governance, robotics/AI, security

While AI can provide real-time analysis of enormous amounts of data, an AI system coupled with blockchain technology can provide a transparent data governance model for quicker validation amongst various stakeholders through smart contracts and DAOs.

Blockchain benefits can address AI’s shortcomings

Applying the benefits of blockchain technology can help address various shortcomings of AI and help in increasing people’s trust in AI-based applications. With Blockchain, AI applications acquire the qualities of decentralization, distributed data governance, data immutability, transparency, security, and real-time accountability. Many AI-enabled intelligent systems are criticized for their lack of security and trust levels. Blockchain technology can essentially help in addressing the security and trust deficit issues to a significant extent. Enormous challenges remain for both blockchain technology and Artificial Intelligence. Still, when combined, they display tremendous potential and will complement each other to restore the trust factor and improve efficiency at large.

Dec 18, 2021

Digital dress codes: What will we wear in the metaverse?

Posted by in categories: bitcoin, entertainment

Digital fashion marketplaces have recently opened, including DressX, hoping that shoppers will be keen to start a virtual wardrobe. Credit: DressX

Outfitting our digital personas is nothing new, from making pixelated Dollz in the early 2000s to shopping these days for new wardrobe additions in Animal Crossing. The video game industry has more recently laid the groundwork for digital fashion, with outfits or “skins,” in games like Overwatch and Fortnite generating billions in revenue.

Some major fashion players have already begun capitalizing on the gaming market — in 2019, Louis Vuitton designed skins for League of Legends, and Nike and Ralph Lauren have this year offered avatar accessories through the virtual world-building platform Roblox. Outside of gaming environments, NFTs — or non-fungible tokens, which use blockchain technology to verify ownership of digital assets — have allowed digital fashion to be monetized more broadly as well. (This fall, Dolce & Gabbana’s NFT collection sold out for 1,885.719 ETH, at the time equivalent to $6 million).

Dec 17, 2021

A Man Accidentally Threw Out a Hard Drive Worth $357 Million in Bitcoin

Posted by in categories: bitcoin, computing, cryptocurrencies, transportation

And he’s been searching for it for a decade.

It’s a nightmare scenario that might become increasingly common in a world of digital currency. A man threw away an old PC hard drive while doing a quick spring clean of his home in Newport Wales, U.K., in 2013. Fast-forward almost a decade and he’s still desperately petitioning to be allowed to go through his local landfill.

The reason the man, 35-year-old IT engineer James Howells, wants to trawl through his local trash site is that the hard drive he threw out included a wallet with 7,500 Bitcoin.

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Dec 14, 2021

You Can Only Mine 10 Percent of the Total Bitcoin Supply. Here’s Why

Posted by in category: bitcoin

Only 2.1 million are left.

Bitcoin passed a major milestone on Monday by reaching 90 percent of the total mineable supply as 18.9 million Bitcoin, out of a maximum of 21 million, have been mined and are in circulation in various exchanges.

Recent data show that the remaining mineable Bitcoin amount is at 2.1 million or 10 percent of the total supply. … See more.

Dec 12, 2021

NASA/DARPA Scientists Found a Way To Create an Actual Warp Bubble (In Theory)

Posted by in categories: bitcoin, cryptocurrencies, space

Good telescope that I’ve used to learn the basics: https://amzn.to/35r1jAk.
Get a Wonderful Person shirt: https://teespring.com/stores/whatdamath.
Alternatively, PayPal donations can be sent here: http://paypal.me/whatdamath.

Hello and welcome! My name is Anton and in this video, we will talk about a new study that discusses how we could potentially create an actual (but tiny) warp bubble.
Links:
https://www.limitlessspace.org/
https://thedebrief.org/darpa-funded-researchers-accidentally…63vzz&s=03
https://link.springer.com/content/pdf/10.1140/epjc/s10052-021-09484-z.
https://en.wikipedia.org/wiki/Alcubierre_drive.

Continue reading “NASA/DARPA Scientists Found a Way To Create an Actual Warp Bubble (In Theory)” »

Dec 9, 2021

Google disrupts cybercrime web infecting 1 mn devices

Posted by in categories: bitcoin, cybercrime/malcode

Google said Tuesday it has moved to shut down a network of about one million hijacked electronic devices used worldwide to commit online crimes, while also suing Russia-based hackers the tech giant claimed were responsible.

The so-called botnet of infected devices, which was also used to surreptitiously mine bitcoin, was cut off at least for now from the people wielding it on the internet.

“The operators of Glupteba are likely to attempt to regain control of the botnet using a backup command and control mechanism,” wrote Shane Huntley and Luca Nagy from Google’s threat analysis group.

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