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The Unchained Web Daily Crypto News #92

Alexandros Dolgov CBA? (Study/Bitcoin)

发布日期: 2023年7月5日

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Monero Wallet Address:

42EkgN23XZoLJXrgMJjrRM7jYpmirk1WvWUWc2SDF6kZAXVzHMGy5XB8JM8Vce3iHGKh9H8ACWF9J6ErrfKCP48mL2yeWcw

Bitcoin Wallet Address: bc1q4283c60tv2p7exfeu2ql7dk2n7utswgl43n2fk

ETH & ERC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116

BNB & BRC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116

Reclaim (some) Privacy Webinar Series: Intro to SearXNG & other privacy engines

In April, I am planning my first webinar in a series focused on privacy. The specific webinar will be focused on why Google may not be the best search engine to use and the SearXNG meta search engine and how it can be used to enhance privacy when using a search engine to research or find something to one's interest.

If you are interested in the topic, feel free to click "attend" on the link to the event below: https://www.dhirubhai.net/events/7167975601373458433/about/

UK Online Safety Bill Aims to Ban Encryption

The United Kingdom's Online Safety Bill has sparked a contentious debate surrounding digital privacy, particularly in relation to end-to-end encryption. Big tech companies like Apple, WhatsApp, and Signal have expressed concerns about increased state surveillance and risks to user privacy. The bill aims to address online safety issues such as fraudulent advertisements, child access to pornography, and user control over content. However, controversial provisions related to combating child sexual abuse material via encrypted messaging platforms have raised concerns about government surveillance. Tech companies argue that maintaining end-to-end encryption while preventing illegal activities is unworkable. The bill also raises questions about age verification methods and potential impacts on cryptocurrencies like Bitcoin, including increased surveillance, data collection, regulatory precedent, and a chilling effect on innovation. Despite the government's goal of making the internet safer, there are fears that the bill, without adequate amendments, may limit options for private communication and compromise digital privacy. The final stages of approval require a delicate balance between online safety and privacy considerations. Click here for more.

Canadian Teens Charged With Nabbing $4.2M in Bitcoin, Ethereum by Impersonating Coinbase Support

Two seventeen-year-old boys from Hamilton, Canada, have been arrested and charged with theft and possession of criminally-obtained property. They allegedly defrauded a U.S. man of $4.2 million in Bitcoin and Ethereum through a spear phishing attack, posing as Coinbase Support. Some of the stolen funds were used to purchase a sought-after Instagram handle. The investigation was coordinated by the FBI and the United States Secret Service Electronic Crimes Task Force. The growing prevalence of crypto-related crimes highlights the need for interagency cooperation, as seen in initiatives like the FBI's Virtual Asset Exploitation Unit and the Justice Department's National Cryptocurrency Enforcement Team. Click here for more.

Bitcoin, Ethereum and Other Crypto Assets Trade at Discount on Binance.US

Binance.US, the U.S.-based subsidiary of the largest crypto exchange, has experienced a decline in users and trading volumes following its decision to transition to a crypto-only exchange. Recent data reveals that several cryptocurrencies, including Bitcoin and Ethereum, traded at discounts on the exchange. The discounts became more prominent after Binance.US announced the removal of most USD trading pairs. Liquidity on the exchange has significantly decreased, resulting in a drop in average daily trading volumes. Binance.US has also seen a decline in its market share in the U.S., while Coinbase's market share has increased. Click here for more info.

New Bitcoin Standard BRC-69 Removes Data Limit for Ordinals

Bitcoin Ordinals, a token standard similar to NFTs on the Bitcoin blockchain, has launched the BRC-69 standard, introducing recursive inscriptions to bypass the 4-megabyte limit for data inscriptions. Recursive inscriptions allow users to extract data from existing inscriptions to create new ones, reducing costs and time. This innovation opens up possibilities for greater data storage and interconnectivity within the Bitcoin blockchain. The launch of BRC-69 is seen as a significant moment in the history of Bitcoin. Click here for more info.

Clarity needed on crypto lending regulations — UK Law Commission

The United Kingdom's Law Commission has called for further clarity on cryptocurrency lending and has made four major recommendations to the UK government regarding the application of British laws to digital assets. These recommendations include the creation of a distinct category of personal property for cryptocurrencies, the establishment of an industry-specific panel, a legal framework for crypto-related assets, and reforms to clarify the applicability of the Financial Collateral Arrangements Regulations (FCAR). The review aims to provide certainty and streamline asset security in the crypto market. Click here for more info.

Crypto Twitter will see less exposure on Google due to rate limit slash

Twitter's new rate limits have caused a significant decrease in the indexing and display of tweets on Google's search engine. Google Search has dropped over half of the indexed URLs from Twitter, resulting in a decrease in the visibility of tweets and pages from the microblogging site. The limitations on tweet visibility have been criticized by the crypto community, which heavily relies on Twitter for communication and sharing information. The decrease in indexed tweets on Google may lead to a reduction in crypto-related content originating from Twitter. Click here for more info.

Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin

A report authored by crypto and blockchain advocates has called for the Hong Kong government to issue a stablecoin pegged to the Hong Kong dollar. The proposed HKDG stablecoin aims to challenge the dominance of Tether and USD Coin. The authors argue that a government-backed stablecoin would solidify Hong Kong's leadership in the blockchain sector, enhance transaction efficiency, reduce costs, and strengthen fintech capabilities. They believe the government's current plan of encouraging private institutions to issue stablecoins is too conservative. The report highlights the potential benefits and risks associated with launching the HKDG stablecoin. Click here for more info.

Lacoste turns fashion NFTs into digital cards for interactive Web3 experience

Lacoste, the Parisian fashion brand, is launching a digital gaming experience called "The Mission" as part of its digital revolution. The game involves completing missions to earn points and increase the rarity of UNDW3 cards, a collection of dynamic NFTs. Players have the opportunity to win rewards, including digital vouchers and an all-expenses-paid Lacoste VIP experience in Paris. Lacoste aims to lead in the concept of dynamic NFTs in the fashion industry and engage its community through creativity, conversation, and gaming. Users can participate in The Mission by visiting the official UNDW3 website and Discord. Click here for more info.

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UK government moves forward on bill aimed at empowering authorities to seize crypto

Lawmakers in the UK's House of Lords are advancing legislation called the Economic Crime and Corporate Transparency Bill to enhance authorities' ability to target cryptocurrencies used for illicit purposes. The bill includes provisions to allow greater flexibility in confiscating and recovering crypto assets and clarifies the government's authority over digital assets related to terrorism. The House of Lords described proposed amendments as minor and tidying up. The bill is part of the UK government's efforts to robustly regulate crypto and combat illicit use of digital assets. Further amendments and coordination with agencies are expected before the bill becomes law. The Financial Services and Markets Bill, aimed at supporting crypto asset adoption, was also recently signed into law. Click here for more info.

Lido, Rocket Pool team members argue over decentralization

Lido, a liquid staking protocol, has accused its competitor Rocket Pool of being too centralized in a social media post. Lido's community staking lead highlighted that Rocket Pool contracts are controlled by the Rocket Pool team, allowing them to change parameters and call methods, potentially increasing inflation rates or fees. In contrast, Lido's contracts are controlled by the decentralized autonomous organization (DAO) LidoDAO. Rocket Pool responded, acknowledging the vulnerability and promising a future fix, while accusing Lido of taking credit for a known issue. The centralization issue will be addressed in Rocket Pool's upcoming Saturn upgrade. Liquid staking protocols have gained popularity recently, surpassing decentralized exchanges in total value locked. Click here for more info.

Venture capital’s ICO gambits left Bitcoin ecosystem underfunded — Adam Back

Blockstream CEO Adam Back discussed the impact of initial coin offerings (ICOs) on the development of the Bitcoin ecosystem. He pointed out that venture capital investments in ICOs overshadowed investments in Bitcoin over the past five years. Back highlighted a report by Trammell Venture Partners showing that 97% of venture capital investments went into "crypto" projects, not Bitcoin. He noted that while ICOs generated profits for investors, they often lacked viable products and had misaligned incentives. Back emphasized that Bitcoin startups were seeing renewed interest and increased investment, indicating a positive trend. The interview with Back was part of an upcoming Cointelegraph documentary on attending a Bitcoin School. Click here for more info.

Chinese city of Jinan accepts CBDC payments for bus rides

The city of Jinan in China's Shandong Province has introduced digital yuan payments across all its bus routes as part of its efforts to encourage the adoption of the country's central bank digital currency (CBDC). After a successful pilot phase on two bus lines, Jinan has now implemented CBDC payments for its entire bus network. The city has updated its card readers and bus route software to facilitate digital yuan transactions. Passengers who choose to pay with the digital yuan will receive fare discounts, allowing them up to two discounted rides per day and a maximum of six discounted rides per month. This initiative is part of China's broader push to promote the use of the digital yuan, which has also been implemented for civil servant salaries, cross-border trades, and the Belt and Road initiative. In addition, French bank BNP Paribas has partnered with the Bank of China to facilitate real-time transactions using the digital yuan for its corporate clients. Click here for more.

Aave Holders Vote on Proposal for DeFi Protocol to Convert 1,600 Ether Into wstETH and rETH

Aave token holders are currently participating in a governance vote regarding a proposal to convert $3 million worth of ether (ETH) from the protocol's treasury into wrapped staked ether (wstETH) and rocket pool ether (rETH). Wrapped staked ether and rocket pool ether are liquid staking derivatives that offer investors the opportunity to stake tokens for a yield while maintaining liquidity. Aave, the third-largest decentralized finance (DeFi) protocol with a total value locked of $6 billion, currently earns a yield of 1.69% by staking the 1,600 ether directly on the Aave v2 platform. The proposal suggests that staking wstETH could yield 3.8%, while staking rETH could yield 3.13%. The price of the Aave token has seen a 7.24% increase in the past 24 hours and a 29% rise over the past week. As of now, there have been 252,000 votes cast out of the required 320,000. The voting period will close on Friday. The majority of votes, all in favor of the proposal, have been submitted by a wallet named "aavechan.eth," which holds $397,000 worth of staked Aave tokens (stAave), as reported by etherscan. Click here for more.

Encryption AI Token Plummets 99% As Developer Rug Pulls $2M for Gambling Addiction

Crypto project Encryption AI (0XENCRYPT) has experienced a rug pull, resulting in a 99% crash in its value. The developer behind the project stole around $2 million and attributed it to a gambling addiction. Users are unlikely to be compensated. This incident adds to the growing list of scams in the crypto market. To learn more about rug pulls and how to protect yourself from fraudulent schemes, click here for more info.

Vietnam Cybercrime Unit Investigating Pi Network

Authorities in Vietnam have initiated an investigation into the Pi Network and its associated cryptocurrency due to concerns about its complex and unregulated nature. The Department of Cybersecurity and High-Tech Crime Prevention expressed worries about the lack of transparency and potential for fraudulent activities. The Pi Network, which allows users to mine tokens on their mobile phones, has gained popularity in Vietnam and India. However, the network's purpose beyond token exchange remains unclear. The Pi Network team clarified that the token is not listed on any exchanges. Click here for more.