Day: December 23, 2022

AAG Taps Coinbase Pay as a Fiat On-ramping Solution for the MetaOne Wallet

Place/Date: Singapore, SG – December 23rd, 2022 at 9:09 pm UTC ยท 3 min read Contact: Dan Horowitz, Source: MarketAcross AAG, a web3 infrastructure company, has integrated Coinbase Pay to enhance the fiat on-ramping features of its new user focused MetaOne Wallet. The integration will make it easier for users, many who never previously owned cryptocurrencies, to acquire digital assets and NFTs as part of their web3 journey. MetaOne Wallet is the flagship product under the AAG banner. It is a digital and unique crypto wallet that suits the needs…

Blockware Customer Accuses Bitcoin Mining Firm of Fraud

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The case, filed in U.S. federal court in the Northern District of Illinois on Dec. 17, centers around an allegation that Blockware sold Faes & Co. 50 mining rigs for $525,000. But, Faes said in the lawsuit, โ€œBlockware did not actually own or operate a facility to host the miners and was not capable of doing so reliably.โ€ Also, the facilities owned by third parties that Blockware could tap didnโ€™t have reliable power, resulting in subpar service, according to the suit. Original

How E-commerce Can Benefit in Blockchain Industry

Blockchain technology is gradually making its way into the e-commerce industry as a viable, effective solution to operational constraints.ย  Since the advent of digital currencies and the supporting blockchain infrastructure that backs them, a business revolution has been slowly taking place. Several industries and sectors across finance, supply chain management, manufacturing, retail, trade, and even entertainment are beginning to integrate blockchain into their processes. However, one industry positioned to experience a quantum leap from proper deployment and usage of blockchain is e-commerce. This is because e-commerce already supports the necessary…

SEC Heightens Probe Into Auditors Servicing Crypto Exchanges โ€“ Bitcoin News

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According to the U.S. Securities and Exchange Commissionโ€™s Paul Munter, the agencyโ€™s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. โ€œWeโ€™re warning investors to be very wary of some of the claims that are being made by crypto companies,โ€ Munter explained to the Wall Street Journal (WSJ) on Dec. 22. SEC Official Warns Investors Should Be โ€˜Waryโ€™ of Proof-of-Reserve Audits and Crypto Exchange Claims U.S. regulators, and more specifically the Securities and Exchange Commission (SEC), are looking more closely at proof-of-reserves (POR) these days following the…

LastPass attacker stole password vault data, showing Web2’s limitations

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Password management service LastPass was hacked in August 2022, and the attacker stole usersโ€™ encrypted passwords, according to a Dec. 23 statement from the company. This means that the attacker may be able to crack some website passwords of LastPass users through brute force guessing. Notice of Recent Security Incident – The LastPass Blog#lastpasshack #hack #lastpass #infosec https://t.co/sQALfnpOTy โ€” Thomas Zickell (@thomaszickell) December 23, 2022 LastPass first disclosed the breach in August 2022 but at that time, it appeared that the attacker had only obtained source code and technical information,…

Web3 projects would rather get hacked than pay bounty: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights โ€” a newsletter crafted to bring you significant developments over the last week. Uniswap, one of the leading decentralized exchange platforms, is integrating debit and credit card support for its users. It will allow Uniswap users to buy cryptocurrency directly with their cards. An ex-employee caused Ankr protocolโ€™s recent $5 million hack. The DeFi protocol alerted relevant authorities and is seeking to prosecute the attacker while shoring up its security practices. A Web3 developer has claimed that…