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Technology

A collection of 222 issues

Biden Campaign Team Seeks Meme Specialist for Pre-Election Push

The Biden reelection campaign has recently posted a job opening for a digital content and meme expert, highlighting the modern strategies political campaigns employ to engage voters. The job listing, found on the Lever employment website, outlines the need for a dynamic individual capable of spearheading the production of engaging

Mint Project Team Announces Mainnet Launch for Developers and Introduces GreenID SBT Tokens for Mint Forest Users

The team behind the Mint blockchain has officially announced the launch of a mainnet specifically tailored for developers. This development is a significant step in allowing them to test their solutions in a real-world environment before the public rollout scheduled for July 2024. The mainnet launch is part of Mint's

LayerZero Labs Halts 'Sybil Hunting' Program Temporarily as Reports Overwhelm the Team

LayerZero Labs, under the leadership of CEO Bryan Pellegrino, has announced a temporary halt to their 'Sybil Hunting' initiative. The program, designed to root out deceptive participants in their token distribution campaign, encountered an overwhelming number of reports concerning potential 'sybils'—fraudulent entities attempting to manipulate the system. The initiative

JPMorgan Raises Bitcoin Mining Cost Estimate to $45,000 Amid Reduced Block Rewards, Expects Asset Price to Drop to $42,000 in the Medium Term

JPMorgan analysts have recently revised their forecast on the cost of mining Bitcoin following a halving event that reduced block rewards. In their updated report, they now estimate the cost to mine the cryptocurrency at $45,000. This adjustment is a response to ongoing changes in the mining sector and

LayerZero Labs Launches "Sybil Hunter" Program with 10% Token Reward, Starting May 18

LayerZero Labs has announced a new initiative to combat fraudulent activity within its network, dubbed the "Sybil Hunter" program. This program is designed to identify and address Sybil attacks—where a user creates multiple accounts to exploit network services unfairly. The announcement comes as the company prepares for an upcoming

Approximately 100,000 LayerZero Users Confess to Multi-Accounting

Brian Pellegrino, the CEO of LayerZero Labs, recently disclosed that around 100,000 addresses have admitted to being Sybils. This term, rooted in cybersecurity, refers to users creating multiple accounts on a network to manipulate or undermine the service, typically for personal gain such as fraudulently acquiring airdrops. Pellegrino shared

BlackRock’s Crypto Wallet Linked to Sanctioned Tornado Cash by a Mysterious 1 ETH Transfer

A single Ethereum (ETH) transaction has placed the financial behemoth BlackRock in an unusual spotlight. An unknown entity sent 1 ETH to BlackRock’s cryptocurrency wallet using the controversial mixer service, Tornado Cash, which has been sanctioned by the U.S. Department of the Treasury. This seemingly minor transaction has

LocalMonero Shuts Down: Peer-to-Peer Cryptocurrency Trading Platform to Cease Operations After Nearly Seven Years

LocalMonero, a popular peer-to-peer (P2P) platform for trading Bitcoin and Monero (XMR), has announced its impending closure. This decision marks the end of nearly seven years of operation, a journey that the LocalMonero team described as being curtailed by "a combination of internal and external factors." The process of winding

LayerZero Labs Announces Collaboration with Chaos Labs and Nansen to Combat Sybil Attacks, Promises Users Can "Undo Sybil Report"

In a significant development announced on May 7, 2024, the omnichain protocol team at LayerZero Labs disclosed a new collaboration with Chaos Labs and Nansen to enhance its efforts in combating Sybil attacks. Sybil attacks, where a user illegitimately creates multiple accounts in a network, pose a substantial threat to

Visa Reveals Over 90% of Stablecoin Transactions Are Not Linked to Real Users, According to New Dashboard Developed with Allium Labs

Visa Inc., in collaboration with Allium Labs, has introduced a sophisticated new dashboard designed to monitor transactions involving stablecoins. This innovative platform has unveiled surprising insights into the stablecoin market, indicating that a mere 10% of these transactions are linked to actual users. Despite the colossal turnover of $2.2