A library of snippets
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By August 5, Galaxy Research had mapped four attack waves totaling over 1,600 BTC (north of $100 million) drained from more than 5,200 addresses. The cause was not phishing or a compromised supply chain. It was a firmware bug introduced in March 2021 — five years ago — that silently routed seed generation through a weak software pseudo-random number generator instead of the hardware entropy source.
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Bits of Gold, one of the oldest and leading crypto trading platforms in Israel and operating under an official license from the Capital Markets, Insurance and Savings Authority, announced this morning (Sunday) that it had fallen victim to an information security breach.
As part of a large-scale cyber incident that also affected other companies around the world, a malicious party gained unauthorized access to a data analysis support system and may have
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In May Amazon mgm, a studio, approved an ai-supported animated series called “Punky Duck”. Two days later the director abandoned the project after receiving death threats.
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In a speech earlier this year, the Governor of Ghana’s central bank pointed out that over 80% of inter-African payments are routed through correspondent banks in Europe or the US, resulting in annual transaction fees of roughly $5.3 billion. Naturally, this takes longer than would a direct settlement, which adds settlement and currency risk.
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Mexican fintech unicorn Clip has gone live with its new digital wallet solution, Mi Clip.
Clip has launched the solution to improve digital financial inclusion and credit accessibility. Mi Clip targets the 40% of Mexican adults who have been excluded from formal financial services altogether, as well as those who have traditionally relied entirely on the cash economy.
“The wallet is also designed to provide a formal financial identity,” says Clip in a statement announcing the new solution.
The statement continues that Mi Clip will help merchants “build a credit history generating transaction data that can open the door to financing”.
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The DUNA is similar: It allows a group of tokenholders or contributors to govern through onchain rules or token-based voting rather than a board or management team. Members get the protections of limited liability, separating the entity’s obligations from their personal assets; and the organization can be understood by and interact with courts, regulators, and counterparties.
But the DUNA doesn’t solve every problem. It doesn’t eliminate governance challenges. It doesn’t guarantee decentralization (although to qualify as a DUNA, a DAO must have at least 100 active members). And it doesn’t magically bypass securities law. What it does do is close a specific gap, making it possible for a decentralized organization to be a legally recognized one.
From: (4) From corporation to crowd: How organizations evolved through time and technology.
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One of crypto’s first great innovations was the DAO, the decentralized autonomous organization. A DAO is an organization governed by rules encoded in software and collectively managed by its participants rather than a central authority. There is no centralized management team or board of directors, no Heeren XVII.
But decentralized governance is hard. Getting token-holders to vote on important issues has proven even harder than getting individual shareholders to vote on board members, a process that already has abysmally low voting rates, on par with U.S. municipal elections. Ensuring that power isn’t concentrated in the hands of only a few token holders can also be challenging.
From: (4) From corporation to crowd: How organizations evolved through time and technology.
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The normalization of facial age checks also shifts expectations around online anonymity and pseudonymity. When access to a service or otherwise legal content depends on submitting a face image, users have fewer ways to participate without connecting their identity to their real-world identity, which can chill anonymous access and raise First Amendment concerns.
From: Protecting teens online shouldn’t require mandatory facial scans for digital users.
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Required facial scans lower the baseline of privacy for everyone, especially teens, and create a regime where access to everyday social spaces depends on individuals surrendering sensitive information about their faces and, in many cases, their identities.
From: Protecting teens online shouldn’t require mandatory facial scans for digital users.
I agree, and this is not a paranoid fear.
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About 23% of US companies surveyed by background check provider Checkr said hiring fraud cost them more than $50,000 in the past year because of delayed projects, compliance issues and rehiring costs. For 10% of respondents, losses exceeded $100,000.
From: AI job scams push employers into digital identity checks.
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