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03/02/2023

Damus, one of the fastest-growing Twitter alternatives, has been pulled from China’s App Store just two days after the app was approved by Apple.

The app, which is based on the Jack Dorsey-backed decentralized social networking protocol Nostr, was removed from the China App Store per request by the country’s top internet watchdog because it “includes content that is illegal in China,” according to the app review notice Damus received and shared on Twitter.

Being decentralized means there is no central authority that decides who can participate or say what on the platform. That made the app approval process difficult at first, as Apple requires apps to have a system for flagging abuse and other content monitoring mechanism, but Damus eventually worked out a way to get listed in the Apple App Store on February 1.

The decentralized nature of the app no doubt led to its short-lived debut in China where information is under tight control by the government. Social networks legally operating in China all have installed censorship mechanisms to root out illegal content or information banned by the authorities. Anonymity is non-existent as signups are linked to people’s real identities.

The authority has cut off Damus’ distribution in the country through App Store — Google Play is unavailable in China and in place is a handful of domestic third-party Android stores that are often out of reach for foreign developers. But it looks like access is so far intact. Those already with the app on their phones can still view and comment on posts without having to circumvent the Great Firewall, the country’s censorship system to block or slow down foreign websites, as of Feb 3.

Nostr is built to be censorship-resistant through “relays”, a type of network responsible for receiving posts and distributing them to relay participants.

This is a developing story…

technology Damus pulled from Apple’s App Store in China after two days • TechCrunch By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp Damus, one of the fastest-growing Twitter alternatives, has been pulled from China’s App Store just two days after th...

03/02/2023

The Australian tennis star lost a bid to have the case dismissed on mental health grounds.

ward news 24 Nick Kyrgios pleads guilty to assault of ex-girlfriend By faisalsoomro0311 - February 3, 2023 0 5 Share Facebook Twitter Google+ Pinterest WhatsApp The Australian tennis star lost a bid to have the case dismissed on mental health grounds. ...

03/02/2023

The almost 31-year-old Portuguese pooch narrowly escaped death as a puppy.

ward news 24 Bobi breaks Guinness World Record for oldest dog ever By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp The almost 31-year-old Portuguese pooch narrowly escaped death as a puppy. TAGSBobibreak...

03/02/2023

CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser’s cryptocurrency via a “fraudulent venture.”

In a court filing on Feb. 2 in the District Court of the Western District of Texas, plaintiff Don Holland alleged that Paul and executives at CryptoZoo “executed a ‘rug pull'” by promising purchasers of the nonfungible tokens (NFTs) exclusive access to crypto assets among other benefits but ultimately abandoned the project and kept the funds.

“As part of Defendants’ NFT scheme, Defendants marketed CZ NFTs to purchasers by falsely claiming that, in exchange for transferring cryptocurrency to purchase the CZ NFT, purchasers would later receive benefits, including, among other things, rewards, exclusive access to other cryptocurrency assets, and the support of an online ecosystem to use and market CZ NFTs,” it wrote.

We have officially filed a class action lawsuit in the Western District of Texas against Logan Paul et al. for the CryptoZoo fiasco. (This is in addition to the numerous cases heading to arbitration on the matter.) pic.twitter.com/BIC5v63TGZ

— AttorneyTom () February 2, 2023

“In reality, soon after completing the sale of all their CZ NFTs, Defendants, together with others […] transferred millions of dollars’ worth of purchasers’ cryptocurrency to, among other places, wallets controlled by Defendants,” it alleged.

The lawsuit was submitted by attorneys from Ellzey & Associates and Attorney Tom and Associates, the latter of which is the law firm run by YouTube personality Attorney Tom.

In a YouTube video on Jan. 16, Attorney Tom told viewers that they are suing Logan Paul for the alleged crypto scam after “weeks of investigation and speaking to a number of Crypto Zoo victims.”

Other defendants named in the suit include Danielle Strobel, Jeff Levin, Eddie Ibanez, Jake Greenbaum (Crypto King), and Ophir Bentov (Ben Roth), according to Attorney Tom.

This is a developing story and more information will be added as it becomes available.

crypto news Logan Paul and CryptoZoo sued in class action lawsuit By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars wo...

03/02/2023

Crypto bank Silvergate is reportedly being probed by the United States Department of Justice fraud unit over its involvement with the bankrupt FTX exchange and its affiliates.

The probe is investigating Silvergate’s hosting of accounts linked to former FTX CEO Sam Bankman-Fried’s businesses, according to “people familiar with the matter” as reported by Bloomberg on Feb. 3.

The California-based crypto bank is not accused of any crime, but investigators are attempting to discover how deep the dealings with FTX and Alameda went.

Silvergate was heavily impacted by the collapse of FTX in November, reporting a $1 billion loss last quarter. The bank axed 40% of its staff and disclosed taking out billions of dollars in loans to prevent a liquidity crisis and bank run following the fall of the SBF empire.

The federal investigators are trying to ascertain whether Silvergate and any other companies working with FTX were aware of the situation.

According to Silvergate, Alameda opened an account with the bank in 2018 before the launch of FTX. It claims to have conducted due diligence and ongoing monitoring at the time, according to the report.

This week a bank representative said that the firm “has a comprehensive compliance and risk management program.”

Crypto trader Josh Rager commented on how this latest criminal investigation may impact crypto exchanges with ties to Silvergate.

The Silvergate DOJ fraud probe will probably create some fud for crypto exchanges

Funny how they always time these announcements pic.twitter.com/7WxJYFawuF

— Rager () February 2, 2023

On Jan. 27, Silvergate suspended its dividends citing “recent volatility in the digital asset industry.” It maintained that it had a “cash position in excess of its digital asset customer-related deposits,” at the time.

Related: US lawmakers renew request for answers from Silvergate on FTX: Report

Silvergate stock has lost 13% on the day tumbling to $17.14 in after-hours trading according to MarketWatch. Furthermore, SI prices were currently 92% down from their all-time high of $220 in November 2021.

Cointelegraph reached out to Silvergate for comment but had not received a response at the time of publication.

crypto news Silvergate faces DOJ investigation over FTX and Alameda dealings: Report By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp Crypto bank Silvergate is reportedly being probed by the United States Department of Justice fraud unit over its involveme...

03/02/2023

Alphabet (GOOGL) reported weaker-than-anticipated fourth-quarter results Thursday evening as a combination of foreign exchange headwinds and a slowdown in ad spending continued to plague the company. Total revenue of $76.05 billion represented a year-over-year increase of about 1%, or 7% in constant currency, but missed analysts’ estimates of $76.53 billion, according to Refinitiv. ( Constant currencies help strip out fluctuations in foreign currency to provide a clearer financial picture .) Adjusted earnings-per-share fell more than 30% from a year ago, to $1.05 per share, below the Wall Street consensus estimate of $1.18 per share. Bottom line This wasn’t a great showing from Alphabet, but management’s call with investors reassured us about the path ahead. While the discussion began with all the things the company is doing in artificial intelligence — noting its own language model LaMDA will be released to the public soon for feedback — it quickly shifted to a topic that’s top of mind for investors: cost discipline. The team said it will continue to invest in growth and the future — something we appreciate as long-term investors. But it also plans to employ a “sharpened focus” on building “financially sustainable” and growing businesses across the company. Consider: Management is working to improve the economics of Alphabet’s hardware division (think Pixel smartphones), affirmed that Google Cloud is very much on a path to profitability, and it continues to work on new ways to enhance the monetization of YouTube Shorts. It took a while, but management appears to have gotten the message that we are no longer in a zero-interest-rate environment and investors won’t tolerate growth at any cost — especially when that growth is nearly non-existent due to a difficult operating environment. While the effort to slow operating expense growth is underway, the team said the impact will become more visible in 2024. Despite some concerns about the recent Department of Justice antitrust lawsuit , we are reiterating our 1 rating on the stock based on this clear plan to “re-engineer” the company’s cost structure. We are also comfortable with our $130 price target. Moreover, a change in the useful life of servers and certain network equipment stands to benefit the bottom line as it will reduce the depreciation expense on equipment in service as of the end of FY2022 by about $3.4 billion. This should provide an offset to the known headwinds plaguing the company’s revenue performance (more below). The results Management said that as AI models are refined, it will begin to integrate them into Search. Alphabet is also working on and planning to unveil AI powered tools for developers, creators and partners as well as additional tools to bring AI applications to “businesses an for d organizations of all sizes” At YouTube, the team noted that Shorts is now averaging 50 billion views per day, up from 30 billion in the prior quarter. Additionally, YouTube subscriptions (including Music and Premium) surpassed 80 million (including trailers) and the addition of NFL Sunday Ticket is expected to accelerate subscription growth. Alphabet spent $15.4 billion on share repurchases in the fourth quarter and exited the year with $114 billion in cash, cash equivalents, and marketable securities on the balance sheet. Lastly, we want to note that following an assessment of the useful lives of Alphabet’s servers and network equipment, the team is extending the useful life of servers and certain network equipment to six years. As a result, the depreciation associated with these assets, which is mostly factored into cost of revenues and research and development (R & D) expenses, is expected to decline by about $3.4 billion in FY2023 for assets in service as of the end of FY2022. Though that is a simple accounting change that impacts what is considered a non-cash charge — one we have seen before as companies work to lengthen the lifespan of their hardware via new architectures and software improvements — it does represent a real cost saving as these assets do eventually need to be replaced (requiring a cash outlay) and should help the company reduce expenses. That $3.4 billion decline may not be enough for investors to look past the pullback in advertising spending, but seeing as it accounts for roughly 5% of Alphabet’s projected net income for FY2023, it should provide a decent offset to top-line weakness as analysts revise their full-year earnings estimates. (Jim Cramer’s Charitable Trust is long GOOGL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Sundar Pichai, CEO of Google Inc. speaks during an event in New Delhi on December 19, 2022.

Sajjad Hussain | AFP | Getty Images

Alphabet (GOOGL) reported weaker-than-anticipated fourth-quarter results Thursday evening as a combination of foreign exchange headwinds and a slowdown in ad spending continued to plague the company.

Business Alphabet finally got the message that investors have had it with wild spending By faisalsoomro0311 - February 3, 2023 0 2 Share Facebook Twitter Google+ Pinterest WhatsApp Alphabet (GOOGL) reported weaker-than-anticipated fourth-quarter results Thursday evening as a combination of foreign e...

03/02/2023

What’s on your mind, TB12?

On Wednesday, Tom Brady made things official — again — and retired from the NFL. Of course, he’s already been there once. So it remains to be seen if this retirement will stick, considering the first one didn’t. But it’s official for now, and Tom is getting on with his life!

Related: Tom Shares Rare Pic With Ex Bridget Moynahan & Their Son After Retirement Reveal

Sadly for him, though, that doesn’t seem to be going so well. On Wednesday afternoon, hours after he made his retirement official, the 45-year-old quarterback was spotted hanging out at his daughter Vivian Lake Brady‘s horse riding lesson. While she was doing her thing in the saddle, Tom was busy talking on the phone with somebody. And the conversation was BAD!!!

At one point, according to paparazzi video taken at the riding lesson, Tom could be seen “screaming into his headphones” as he was having “an animated conversation” with somebody on the phone. According to DailyMail.com, which snapped pics and video of the football star, Tom “started yelling and gesturing angrily” while he was talking on the phone. He even went so far as “spitting in rage” during one part of the conversation.

But don’t just take our word for it! Ch-ch-check out Tom’s tirade for yourself HERE.

Yikes!!!

What’s up, Tom?! Is retirement already going badly?? Is there some drama with ex-wife Gisele Bündchen that we ought to know about?!

As the outlet noted, Tom appeared to calm down once again by the time Vivian’s lesson was over. So whatever it was didn’t have him down in the dumps for too long. Still… what a crazy thing. Temper, temper, temper! We’ve seen it before!!!

Thoughts, Perezcious readers??

[Image via MEGA/WENN]

hollywood news Tom Brady Spotted Having HEATED Phone Call Hours After He Reveals (Second) Retirement! Whoa! By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp What’s on your mind, TB12? On Wednesday, Tom Brady made things official — again — and retired...

03/02/2023

Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has urged the U.S. government to ban cryptocurrencies like China has done. “A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house,” he stressed.

Berkshire Vice Chair Charlie Munger Wants Cryptocurrencies Banned

Berkshire Hathaway Vice Chairman Charlie Munger has urged the U.S. government to ban crypto in an opinion piece titled “Why America Should Ban Crypto,” published by the Wall Street Journal Wednesday. The Berkshire executive wrote:

A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity.

“Obviously the U.S. should now enact a new federal law that prevents this from happening,” Munger stressed.

The Berkshire vice chair proceeded to reference two precedents that may provide insight into how to ban cryptocurrency effectively. The first is China’s crypto ban, he said, adding that the Chinese government “wisely concluded that they [cryptocurrencies] would provide more harm than benefit.”

The second is that from the 1700s, England faced a severe depression after a speculative trading scheme failed. In response, the country banned public trading in new common stocks for 100 years, Munger explained. During that time, “England made by far the biggest national contribution to the march of civilization as it led strongly in both the Enlightenment and the Industrial Revolution and, to boot, spawned off a promising little country called the United States,” he opined.

Munger concluded:

What should the U.S. do after a ban of cryptocurrencies is in place? Well, one more action might make sense: Thank the Chinese communist leader for his splendid example of uncommon sense.

The Berkshire executive has long been a bitcoin and crypto skeptic; he has called BTC “rat poison” and likened crypto trading to “trading turds.”

He said in 2021 that he wished crypto had never been invented and praised China for banning cryptocurrencies. He also called bitcoin “disgusting and contrary to the interest of civilization.”

In February last year, he similarly said the government should ban bitcoin and called crypto “venereal disease.” In July, he advised everybody to avoid crypto as if it were an “open sewer, full of malicious organisms.”

Tags in this story

Berkshire Hathaway, Charlie Munger, Charlie Munger bitcoin, Charlie Munger bitcoin ban, Charlie Munger China, Charlie Munger crypto, Charlie Munger crypto ban, Charlie Munger crypto ban China, Charlie Munger cryptocurrency, Charlie Munger cryptocurrency ban, Warren Buffett

What do you think about the statements by Charlie Munger? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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crypto news Charlie Munger Urges US Government to Ban Crypto Like China Has Done – Featured Bitcoin News By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has u...

03/02/2023

Hedge fund manager Dan Niles said he expects stock markets to fall by the middle of this year as the Federal Reserve opts to keep interest rates higher for longer. Niles, founder and senior portfolio manager of the Satori Fund, told CNBC’s “Street Signs Asia” Thursday that there was a “disconnect” between market expectations and the U.S. central bank’s messaging. His comments echo Fed Chair Jerome Powell, who said he doesn’t expect to cut rates this year after the central bank raised interest rates by 25 basis points Wednesday. However, interest rate swap data shows that a significant proportion of the market expects a cut in the base rate by the middle of this year. “I think that’s where the disconnect is,” said Niles. “Services, excluding housing, has still got strong inflation because the jobs market is just so strong, and that’s over 55% of the core inflation numbers that the Fed looks at.” “I think by the time you get to mid-year, and it becomes pretty apparent that the Fed is not going to be cutting, that’s when the unfortunate realization is going to be that the Fed is not going to help you out like people want,” he added. .SPX 1Y line Niles said his hedge fund, which is tech-focused, had positive gains in 2022 despite a 19% decline in the S & P 500 and a 33% decline in the Nasdaq . The current situation echoes events seen in the 1970s , he added, when premature rate cut predictions led to a surge in inflation and eventual hikes during the 1980s to bring it back under control. As a result, some stock markets lost a third of their value. However, despite his bearish outlook, the hedge fund manager said there could be several tailwinds in the near term for the U.S., such as the Fed pausing after two more rate hikes, inflation slowing, and China’s reopening. Earlier this year, Niles named his top defensive stocks to prepare for a potential steep market decline. He has previously said he expects the S & P 500 to fall to 3,000, more than 25% below its current level. — CNBC’s Weizhen Tan contributed to this report.

Business Market bear Dan Niles reveals when markets could fall By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp Hedge fund manager Dan Niles said he expects stock markets to fall by the middle of this year as the Federal Reserve opts to keep interest rates...

03/02/2023

Heather Rae Young and Tarek El Moussa’s son is finally here!

On Thursday, the couple announced in a joint post on Instagram that they welcomed their baby boy on January 31. Alongside a picture of them holding their newborn while he’s wrapped in a baby blanket, they wrote in the caption:

“Our baby boy is here 1.31.23 Mama & baby are happy, healthy, tired but doing well. Our hearts are so happy”

Related: Behati Prinsloo & Adam Levine Welcomed Baby #3!

As for the little guy’s name? Tarek and Heather have not revealed his moniker yet. Hopefully, they do not keep us waiting for a long time like Kylie Jenner or Khloé Kardashian! LOLz! Ch-ch-check out the sweet announcement (below):

While this is Heather’s first child, Tarek also shares 12-year-old Taylor and 7-year-old Brayden with his ex-wife Christina Hall. Speaking with Us Weekly shortly after the birth announcement, the Flip or Flop alum could not help but gush about how this “was truly a special moment” for him and the Selling Sunset star, expressing:

“Becoming a father for the third time is just as exciting as it was the first time. Our baby boy is doing amazing and Heather was a rockstar during labor. I don’t think I’ve ever seen Tay and Bray as happy as they were when they met their little brother.”

He continued:

“We are on cloud 9 and soaking in all of the snuggles and bonding with our little guy as an official family of 5. My heart has grown even bigger and I’m feeling like the luckiest guy on the planet.”

Awww!!! Congratulations to the happy parents!

[Image via Heather Rae Young/Instagram]

hollywood news Heather Rae Young & Tarek El Moussa Welcome Their First Child Together – See The Pic! By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp Heather Rae Young and Tarek El Moussa’s son is finally here! On Thursday, the couple announced in a jo...

03/02/2023

In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain users reportedly lost $3.9 billion to fraudulent activity in 2022 alone.

As we entered 2023, there was a chorus of promises to increase security within the crypto space. But, so far, things haven’t significantly changed. Companies that utilize blockchain still aren’t doing enough to prevent scams.

If blockchain technology is going to see mass adoption, companies will have to change their approach from the bottom up. By focusing on education and implementing better processes to identify malicious activity, these platforms can better serve their customers as the space continues to grow.

Blockchain platforms need to learn how to identify malicious activity

In the case of the OpenSea hack, victims were asked to sign an incomplete contract, seemingly at the platform’s request. While OpenSea’s core infrastructure was not hacked, the fake accounts were able to take advantage of the open-source Wyvern Protocol. Hackers were then able to use the owner’s signature to be transferred to a false contract that gave them ownership without having to pay for the NFTs.

Related: 10 predictions for crypto in 2023

OpenSea recently reversed some of its previous policies after it was reported that 80% of NFTs minted for free on the platform were plagiarized or spam. OpenSea also relies on trust in the developers that use its API, which is not a foolproof way to assess risk. These developers could use the API for malicious purposes to take advantage of users signing contracts they don’t read.

Smart contracts are an integral part of the blockchain engine and can be found everywhere, from NFT exchanges to veritable decentralized applications. Understanding how these contracts function is imperative to keeping users secure. Rather than reinventing the wheel, companies can implement standard protocols to ensure smart contracts are resilient and protected from malicious activity. From there, companies can take advantage of the blockchain’s flexible nature and customize their contract, like setting up multisignature wallets and regular unit testing.

Beware of the spammy airdrop

If you look for the popular Mutant Hounds collection featured on OpenSea’s top collections, there is no indication of which collection is legitimate. Lack of verification can lead to counterfeit collections being formed, artificially increasing the price to make it appear legitimate and confusing to users. Fake collections are often distributed through airdrops, intended to be found through an NFT platform’s search functionality.

Related: What Paul Krugman gets wrong about crypto

Spammy collections can also send users NFTs they did not ask for via airdrops. Users will be redirected not through the platform where they hold a collection, such as OpenSea, but via a different site, where the scam occurs.

This is a commonplace risk that can be addressed by platforms monitoring such activity, either through a crowdsourced database that tracks fraudulent accounts or an administrative tool that knows what to look for and is constantly aware of updated scams. In addition, NFT platforms can require bids to be in the same currency as the listing to avoid confusion. Many users have been scammed by accepting an offer in a less valuable currency than the one in which they listed the NFT for sale. Blockchain platforms can rely on data to expose their outliers by flagging suspicious activity based on irregular activity among a small number of holders.

Of course, it must be noted that companies like OpenSea are in the challenging position of having to police fraudulent accounts that mint on their platform. In many cases, it boils down to a need for more verification of the official collection.

Onboarding is an integral part of the business plan

Onboarding should be a core part of the blockchain experience for veteran and novice users. Like smart contracts, establishing clear user guidelines and highlighting potential risks should be considered one of the fundamental best practices for ensuring user safety. These guides should be regularly reviewed, taking into account risk assessment, and adjusted accordingly as blockchain matures.

Among experienced users, the initialism “DYOR” is commonplace among users on the blockchain. As an abbreviation of “do your own research,” this expression has become an unspoken rule for those interacting with potential investment opportunities. Yet, it can be challenging for newcomers to know precisely where to start. There is a chorus of discordant information from influencers within the space who are often pushing the next big thing and driving risky investments, resulting in users falling victim to scams or loss of assets. Guidelines and educational materials should be readily available, curated to each platform’s value system and unique risks.

Best practices should be a priority for all blockchain platforms

As the blockchain community currently works through its growing pains, companies should take the hard lessons learned via major exploits like the ones on OpenSea and refine their security protocols to ensure that doesn’t happen again. Learning the ins and outs of basic technology, from smart contracts to how to protect one’s seed phrase, should be the starting point. From there, learn how to implement and maintain best practices, such as identifying malicious activity and those wreaking havoc. Perhaps all it would have taken to prevent some of the most recent large-scale hacks was simply for someone to notice that something seemed off.

Michael R. Pierce is the co-founder and CEO of NotCommon. He received both his BBA and MBA from The University of Texas at Austin.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

crypto news OpenSea serves as an example of why crypto security must improve By faisalsoomro0311 - February 3, 2023 0 3 Share Facebook Twitter Google+ Pinterest WhatsApp In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) bei...

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