In today’s digital age, our identities are intricately intertwined with the online world. From social media profiles to banking credentials, we constantly share sensitive personal information across various platforms and services. However, this centralized model of identity management poses significant risks, including data breaches, identity theft, and a lack of user control over personal data.
The advent of Web3, the decentralized iteration of the internet built on blockchain technology, has ushered in a paradigm shift across various sectors. From finance to gaming, and now social networking, the principles of decentralization, transparency, and user ownership are reshaping how we interact and transact online. Enter SocialFi, a nascent but rapidly evolving concept
The financial economy of the world has turned $100 T at the time of writing. Such milestones have been achieved because the world economy is exclusively well connected with their counterparts through a common SWIFT system, a common banking standard that connects the banking systems to streamline payments. However, comparing the banking system with blockchains,
Grayscale’s Bitcoin Trust (GBTC), the world’s largest spot Bitcoin ETF, appears to be witnessing a turnaround after facing significant outflows since the introduction of spot Bitcoin (BTC) ETFs in January. According to data provided by Farside Investors, GBTC saw $3.9 million in net inflows on May 6, marking its second consecutive day of inflows. While
In a pioneering move, the European Union’s legislative body has overwhelmingly endorsed a comprehensive regulatory framework governing artificial intelligence technology across its 27 member nations. After a five-year journey since its initial proposal, the Artificial Intelligence Act is poised to take effect later this year, establishing itself as a global benchmark for governments grappling with
The cryptocurrency market is abuzz with anticipation as the highly-awaited Bitcoin “halving” event approaches on or around April 20th, 2024. Considered one of the most significant occurrences in the digital asset realm, this halving will see the reward for mining new Bitcoin blocks reduced by half. Historically, such events have often been preceded by surges
Munchables, an NFT game built on Blast, dodged a bullet this week. Though a security breach on Tuesday led to a temporary loss of $62.5 million in user funds, Munchables has successfully retrieved the stolen crypto. The Munchables team assures users that their funds are safe and all Blast rewards will still be distributed. While
The increasing popularity and adoption of blockchain technology has led to significant scalability challenges for many major blockchain networks like Bitcoin and Ethereum. As more users and transactions hit these networks, they face issues like slow transaction speeds, high fees, and limited throughput. To address these scaling limitations, a variety of layer 2 solutions have
Two AI-focused cryptocurrencies are experiencing a surge as OpenAI introduces its latest text-to-video project. In a recent announcement, OpenAI unveils Sora, a cutting-edge model capable of generating high-definition videos from text prompts. Introducing Sora, our text-to-video model. Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple
Blockchain technology has been heralded as a breakthrough innovation that could fundamentally transform industries ranging from finance and healthcare to supply chains and voting. However, we must objectively assess whether blockchain is truly an essential technology that society absolutely requires right now. Decentralization enhances security by distributing data across nodes rather than centralized servers, preventing