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The so-called “loneliness epidemic” is gripping people, no doubt exacerbated by the COVID-19 pandemic — enough that the US Surgeon General recently pointed to the impact of isolation and deteriorating relationships on adults. Could Web3 somehow help reverse the trend and play a role in facilitating more real-world connections? That’s the goal of PairedWorld, a new crypto-fueled project developed by a group of health experts and technologists. It aims to catalyze human connections and interactions through the Web3 framework and Ethereum-based token, effectively putting a new spin on the “social token” concept. “The key to health and happiness boils down…

U.S. fintech company Ripple has bought a stake in the European cryptocurrency exchange Bitstamp in a new step toward international expansion. Ripple has not disclosed anything about the transaction so far, and Galaxy Digital’s latest quarterly report revealed that Galaxy sold its Bitstamp stake to Ripple in the first quarter of this year, but the cryptocurrency hedge fund’s He said he had been advised by Pantera Capital. Pantera Capital is one of the most prominent cryptocurrency hedge funds in the United States, led by prominent crypto investor Dan Morehead. It is unclear why Pantera Capital chose to sell its Bitstamp…

US-based cybersecurity firm Unciphered claims to have successfully hacked the Trezor T hardware cryptocurrency wallet by exploiting a hardware vulnerability. Popular hardware wallet compromises are made possible by physically isolating devices using highly specialized equipment. In other words, compromising a hardware wallet only works if the attacker has physical possessions and access to sophisticated tools and knowledge. For example, Unciphered, which specializes in recovering locked cryptocurrencies when passphrases are lost or forgotten, said it had permission to use an “in-house exploit” technique that could extract the wallet’s firmware. This, the company claims, eventually allowed him to crack his PIN code…

Artificial intelligence (AI) may the “the most consequential” technological change in our lifetime, and governments now need to learn how to control it, according to Microsoft President Brad Smith. Speaking at a panel discussion in Washington, D.C. on Thursday, Smith said that the Microsoft’s Brad Smith Calls for More Regulation of Artificial Intelligence “government needs to move faster” to stay on top of the developments that are happening in AI. And while Smith called for governments to step up, he also said that the private sector has a role to play in controlling how AI develops. As part of the…

Web3 platform Swoosh, developed by popular sports brand Nike, has generated over $1 million in sales from its first sneaker-themed non-fungible token (NFT) collection. Strong sales numbers show that demand for well-designed shoes is healthy in the metaverse despite early technical issues and delays. “An unexpected error has stopped the mining process. Additional purchases have also been blocked,” the.SWOOSH team tweeted on May 24, the first day of general sales. Previously, NFT sales began to a select group of users on May 15th, almost a week after the originally scheduled May 8th launch date. As of writing on Friday, he…

Donations and crowdfunding play an important role in the cryptocurrency space, which leads to a great deal of activity and participation. But what happens when you start a social experiment and ask backers to send you crypto, without promising anything in return? You receive up to $1.1 million worth of Ethereum (ETH) in just 24 hours, apparently, as shown by the example of Pauly, the anonymous co-founder of the community-created NFT marketplace NotLarvaLabs. Unlike initiatives that promise shareholder tokens, participation in future gains, or any other type of tangible or intangible gain, Polley has made it clear in his call…

31-year-old social media influencer Danish Sahadeva has pleaded guilty to a series of criminal charges related to money laundering using cryptocurrency. US prosecutors accused Sahadeva of fraudulently obtaining more than $1.2 million in government aid loans. A three-year criminal empire has collapsed On May 31, the US Department of Justice (DOJ) issued a press release declaring TikTok influencer Danish Sahadeva guilty of multiple criminal offenses. These crimes include wire fraud, aggravated identity theft, and money laundering. According to the plaintiffs, an extended search of the defendant’s Potomac property led to the discovery of the fraudulent activity after three years of…

While many celebrate the slew of new implementations for Bitcoin (BTC) connected to the new “Ordinals” protocol, the developers who maintain the network’s source code are in a state of confusion. Critics say that new types of transactions beyond simple Bitcoin transactions are trying to use the blockchain for its intended purpose. One such critic is Ali Sharif, who told Bloomberg that he believes the Bitcoin system has been “misused.” The developer advised to introduce a Bitcoin update in early March that would cancel all transactions related to the new protocol. “The valueless tokens threaten the smooth and normal use…

Cybil cultivation became popular in the cellar before airdrops. At the first shout of a new token, wallet addresses are used by many people to generate loyalty tokens and randomly interact with a new project in the nascent cryptocurrency. Airdrops usually reward the “most loyal users” in the community. But loyalty can mean many different things. Is it measured by the number of transactions using a protocol? Is it a dollar amount that you are transferring? Or is it something completely different? Called sybil farming, such attacks are great for people making five-figure sums with the touch of a few…

UVL Studio’s flagship Axis Mundi project launches the first installment of a narrative Bandernach-esque NFT. Beyond making money, this week design studio UVL is releasing a special “Choose Your Own Adventure” NFT project. The ‘Axis Mundi’ journey consists of three main components and will begin on June 6 in an unlocked 72-hour edition where users will be able to access so-called power-ups. The open version of mint implies an unlimited number of NFTs in the pool. Created by new media artist Jason Ting and sound designer Pelican Sound, these elements appear as 20-second video loops of light and fluid. Objects…