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The House Financial Services Committee is a committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The House Financial Services Committee advanced a set of crypto bills after a landmark markup on Wednesday. A majority of lawmakers ultimately voted in favor […]
Worldcoin is a cryptocurrency and digital ID project spearheaded by OpenAI chief Sam Altman. It aims to verify users’ identity by scanning their eyes. Giving them a unique digital identity to verify they are a real human and not a bot. The project also includes a cryptocurrency, also named Worldcoin. An app that allows users […]
Bitget, a leading global crypto exchange, has recently opened an office in Dubai to expand into the Middle Eastern market. The company plans to hire up to 60 new members of staff to support the expansion and will explore opportunities in Bahrain and the United Arab Emirates (UAE). Bitget has already started recruiting for the […]
A North Korean government-backed hacking group penetrated an American IT management company called JumpCloud in late June and used their access to the company’s systems to target its cryptocurrency company clients in an effort to steal digital cash. The hack shows how North Korean cyber spies are now tackling companies that can give them access […]
According to a new report from blockchain intelligence firm Chainalysis, 2023 has so far been a meager year for crypto scammers. So far in 2023, crypto-related crime, measured as inflows to “known illicit entities,” has fallen 65% compared with the same period last year. At the same time, the report said inflows to entities deemed […]
Social mining revolutionizes online engagement, transforming reward systems and challenging conventional perspectives. At its core, social mining is a way of incentivizing and rewarding users for contributing value to a decentralized platform through their actions and engagement. Users earn rewards by contributing valuable content, engaging in communities, and completing tasks in a token-based economy. Web3, […]
Redefining User Empowerment in Web3 Social Media Transitioning to short video social mining apps revolutionizes content consumption, interaction, and brand engagement, marking a significant shift in dynamics. These apps, which allow users to create and share short videos and earn rewards for their engagement, are powered by blockchain technology and operate on a decentralized web3 […]
The transition from web2 to web3 represents a significant shift in the way we interact with the internet and with each other. While web2, also known as the centralized web, has brought many benefits and conveniences, it has also led to a number of problems related to privacy, security, and ownership. Web3, also known as […]
As the metaverse continues to grow and expand, it is becoming increasingly important for government regulators to take action to protect the public from fraud and scams. The metaverse, which refers to a virtual reality space where users can interact and engage with each other and digital content. Has the potential to be a valuable […]
CryptoZoo, a blockchain-based game developed by social media influencer Logan Paul, was a money pit for investors who were attracted to the project’s potential for profit. The company launched the game with much fanfare and hype in late 2021, marketing it as a virtual pet simulation with cryptocurrency rewards. However, the project ultimately failed to […]
