By the end of 2022, scammers shifted their focus to duping crypto investors who were desperately trying to recoup their year-long losses. An international law enforcement operation led by European government agencies joined crypto entrepreneurs and businesses to curb cross-border crypto scams in July 2022, uncovering a criminal network operating through call centres. Law enforcement...
Despite the backlash from gamers faced traditional gaming companies putting their money into non-fungible tokens (NFTs), executives in the NFT gaming industry are hopeful that more traditional gaming firms will enter the market this year. Gameplay improvements are key to blockchain gaming adoption in 2023, according to a report from the Blockchain Game Alliance. A...
Amazon Web Services (AWS) is partnering with Ava Labs, the Avalanche Layer 1 blockchain company, to help scale blockchain adoption across enterprises, institutions and governments, the two firms told TechCrunch exclusively. Avalanche is a blockchain optimized to support NFTs, Web3 games and a unique technology it calls ‘subnets’ that act like custom blockchains built on...
Mastercard has announced a partnership with Polygon as part of a Web3-focused incubator programme. The financial services company wants to support musical artists looking to harness the power of the digital economy with the tools they need to succeed. “The core of this programme is providing emerging artists with the Web3 tools and skills they...
Immunefi’s Crypto Losses 2022 report found that over USD 3.9 billion was ‘lost’ last year. While that might seem like a whopping amount of capital to lose track of, it’s down 51.2% compared to 2021, when over USD 8 billion was stolen, the report found.
Ethereum co-founder Vitalik Buterin has named the mass adoption of crypto wallets, inflation-resistant stablecoins, and Ethereum-based website logins as the three “huge” opportunities that have yet to be realized in cryptocurrency. During an interview with Bankless co-owner David Hoffman, Buterin shared his outlook for the crypto industry in 2023, responding to Hoffman’s concern that the...
After Ledger’s announcement of a collaboration with iPod creator Tony Fadell to create its latest hardware wallet, rival hardware wallet startup Foundation Devices has announced that it has raised a $7-million seed round to double its “sovereign computing platform”, which it says empowers its users to “reclaim their digital sovereignty”. The company’s flagship product, the...
The Web3 browser Opera has announced a new set of security tools designed to help users mitigate the general risks associated with malicious attacks in the Web3 ecosystem. Web3 Guard is a set of browser security features that promises to protect users from malicious decentralized applications (DApps), passphrase phishing attacks, and malicious users. The security...
Nillion startup developers have successfully closed a $20-million funding round. The co-founders are busy building the Web3 platform, which will be based on a decentralized network without blockchain. The round was led by venture capital funds, Distributed Global, as well as AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto and SALT Fund. More...
As the digital world becomes more advanced, scammers are inventing new and sophisticated ways to trick Web3 users into stealing their assets. Smart contract forgery, phishing websites, airborne scams and spamming are just some of the dangers one has to face while browsing the Web3 space. In 2022, more than $1.6 billion in cryptocurrencies went...
