Identity in the metaverse at risk, says former Windows architect
As metaverse adoption climbs and users join digital reality, they put themselves at risk of identity theft in new ways, including minors who engage in metaverse games.
As metaverse adoption climbs and users join digital reality, they put themselves at risk of identity theft in new ways, including minors who engage in metaverse games.
Yesterday, it became public a bill from senator Elizabeth Warren to regulate and enforce total KYC in the crypto ecosystem. Whatever you are: Node, Validator or custodial/non-custodial wallet, you MUST have passed a KYC verification in order to be able to operate in this space. This obviously is justified as AML and anti-drug trafficking prevention…
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The bitcoin price has seen a minor rally ahead of yesterday’s FOMC meeting and has held relatively strong despite the hawkish outlook from the US central bank. A look at the daily chart of BTC shows that the price managed to hold above $18,600. After an exuberant euphoria following the release of CPI data, bitcoin seems ready for a consolidation phase for now. In the daily chart, the bitcoin price was rejected at $18,220. Therefore, it seems likely that bitcoin will go through consolidation for now and look for a higher low. The support area to hold is currently at $17,200 to $17,400. Are Bitcoin Whales Signaling A Trend Reversal? As on-chain data provider Santiment writes in an analysis, bitcoin’s fundamentals are looking extremely strong. Santiment pays particular attention to the shark and whale addresses, which hold between 100 and 10,000 BTC and are a notoriously important indicator of future price trends. Santiment reports that shark and whale addresses have spent $726 million buying BTC in the last 9 days. In addition, 159 new addresses with a value between 100 and 10,000 BTC have been added in the last three weeks. Related Reading: Bitcoin Volatility Explodes Around $18K Level, As Fed Reveals 50 Basis Point Rate Increase In total, there are currently 15,848 addresses holding between 100 and 10,000 BTC. In comparison, there are currently 43.46 million smaller bitcoin addresses, which means that sharks and whales account for 0.0364% of the total BTC addresses. The increase in shark and whale addresses is the fastest growth in 10 months, according to Santiment. Remarkably, this comes at a time when market sentiment is at its lowest in a long time following the FTX bankruptcy and Binance FUD. In the chart below, Santiment shows the behavior of the largest bag holders of BTC, USDT, USDC, BUSD and DAI. And as can be seen, all lines have been rising massively recently, while the BTC price has continued to fall. As Santiment elicits, the big players have been slashing and dumping their bitcoin holdings for the past 14 months. Prices have fallen in lockstep with these dump-offs. Now, however, there are signs of a reversal in the trend: However, we may be seeing a turnaround now. Not necessarily with prices just yet… but at least with whales finally accumulating rather than dumping. Whales Stock Up Their Dry Powder The bitcoin metrics are not the only things pointing to a turnaround, but also the stablecoin movements. “[W]e have just seen massive sudden jumps in the key $100k to $10m USDT and BUSD wallets worth $100k to $10m,” Santiment said. Related Reading: Bitcoin Price Crystal Ball – What Happens To BTC After Christmas 2022? Key Tether addresses have accumulated $817.5 million (+7%) more purchasing power in the last 3 days, and BUSD key addresses have accumulated $104.9 million (+9%). Thus, according to Santiment, there are good reasons to expect the final weeks of 2022 to be bullish, though further crypto-intrinsic issues and macroeconomic headwinds could dampen the joy.
French Parliament will discuss the amendment, canceling the favorable treatment of crypto companies, in January 2023.
WHAT: A couple of days ago, I wrote a scathing review of Algorand outlining why it will fail. I have also done negative posts for Solana, Cryptocom and even Ethereum in the past. In that thread, a user asked me to provide the same sort of negative perspective for COSMOS, and I thought it was…
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Decentralized applications (dapps) are prone to data tampering because they “are largely built on top of centralized databases and services,” the CEO of Space and Time Nate Holiday has said. The CEO also shared a list of data tampering risks which he said are specific to data warehouses. Companies Relying on Centralized Databases and Services […]
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On-chain data shows the Ethereum daily active addresses metric is now at the highest level since May 2021, a sign that could be positive for the latest rally above $1,300. 637,000 Unique Ethereum Addresses Have Been Showing Daily Activity Recently According to data from on-chain analytics firm Santiment, ETH is currently observing its highest point of activity in 17 months. The “daily active addresses” is an indicator that measures the total number of Ethereum addresses that were involved as a sender or as a receiver on any given day. When the value of this metric is high, it means traders are active on the network right now. On the other hand, low values suggest investors have been showing little activity during the past day. The chart below shows the trend in the Ethereum daily active addresses over the last few years: The value of the metric seems to have been pretty high in recent days | Source: Santiment on Twitter As the above graph displays, the Ethereum daily active addresses have spiked up during the past week or so. In this period of increased activity, an average of 637,000 ETH addresses have been involved in some coin movement every day. The last time the network saw holders being so lively was back in May of last year when the bull run of the first half of 2021 observed its peak of around $4,300 Related Reading: Bitcoin Long-Term Holder Supply Reclaims ATH, Return Of Conviction? Usually, high daily active addresses mean that the investors are interested in trading ETH at the moment. Thus, it’s natural that profit-taking opportunities like the May 2021 peak see huge bursts of activity as a large number of holders move their coins for selling purposes. Related Reading: Binance Sees Largest Bitcoin Withdrawal In Its History, BTC Rally Set To Benefit? While it’s true that such activity can be bearish for the asset’s price in this way, it’s also a fact that any rally requires a large number of traders to be sustainable. Ethereum has been rallying during the last couple of days while the active addresses have been very high, suggesting that there are many interested buyers in the market right now. This could be a sign that unlike the rally efforts earlier in this bear market, which didn’t see any activity on such levels, the latest price rise may have enough fuel backing it. Looks like the value of the asset has sharply gone up during the last two days | Source: ETHUSD on TradingView At the time of writing, Ethereum’s price floats around $1,300, up 8% in the last week. Over the past month, the cryptocurrency has gained 10% in value. The above chart shows the trend in the price of the coin over the last five days.