Month: August 2023

How High Can Shiba Inu (SHIB) Rise When Shibarium Restarts?

Shibarium, the much-anticipated layer-2 network of Shiba Inu is back online but remains under the radar, confined to an extensive private test phase. Shytoshi Kusama, the project’s lead developer, unveiled this update on Saturday. In his remarks, Kusama assured the community that they have resolved all technical challenges previously encountered on this layer-2 platform. Kusama mentioned, “Shibarium is currently live (but in private mode) producing blocks as normal.” He further emphasized the importance of ensuring optimal scaling and functionality before a public re-release, suggesting that the SHIB development team is…

Kenya forms parliamentary committee to investigate Worldcoin

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The Worldcoin cryptocurrency project has run into another roadblock, this time in Kenya where the government has formed a 15-member parliamentary committee to investigate the controversial asset. The Kenyan government formed a 15-member parliamentary committee headed by Narok West MP Gabriel Tongoyo to look into the controversial crypto project, reported a local daily. The parliamentary committee has 42 days to investigate the project and submit its report to the House committee. Cointelegraph reached out to the MP to get some insights into their concerns and case against Worldcoin but didn’t get…

Somalia bans Telegram and TikTok over misinformation

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The Federal Republic of Somalia is the latest country to ban cryptocurrency-friendly messaging app Telegram, alongside TikTok social media app and the online-betting site 1XBet. Somalia’s Ministry of Communications and Technology (MOCT) officially announced on Aug. 20 that the government is shutting down Telegram, TikTok and 1XBet. On Sunday, MOCT Minister Jama Hassan Khalif held a meeting on telecommunications and internet security in social media with the National Communications Agency and major Somali telecom firms. The minister said that the government of Somalia is “working to preserve the culture of…

5 strategies to mitigate side channel attacks on cryptocurrency hardware wallets

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Cryptocurrency hardware wallets have emerged as a trusted solution for securing digital assets against online threats. However, even these seemingly impenetrable devices are not immune to attacks. Side-channel attacks, which exploit unintended information leakage from the physical implementation of a system, pose a significant risk to the security of cryptocurrency hardware wallets.  This article will delve into the world of side-channel attacks, explore their potential dangers, and outline five effective strategies to mitigate them and protect your valuable crypto holdings. Understanding side-channel attacks Side-channel attacks target the physical implementation of…

Will $0.5 Support Trigger a Correction Shift?

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XRP, the cryptocurrency associated with Ripple, faced a tumultuous ride in recent weeks as its price witnessed a significant downturn. However, an interesting turn of events has unfolded as the coin found solace at a crucial support trendline coinciding with the psychological level of $0.5.  This fortuitous alignment has offered XRP bulls a potential launching pad for a counteroffensive, raising questions about the possibility of a recovery. The value of XRP soared after a groundbreaking legal verdict that classified the token as not being a security in the protracted legal…

Arbitrum, Hedera, and Everlodge popular in August

In August, crypto enthusiasts have their eyes on Arbitrum (ARB), Everlodge (ELDG), and Hedera (HBAR) primarily because of their propositions and potential. Notably, Everlodge is drawing attention as it is currently in its presale phase, and investors can buy its native token, ELDG, at a discount. Everlodge aims to transform the real estate landscape Everlodge aims to fuse fractional ownership, timeshare models, and non-fungible tokens (NFTs), shaping how people interact with the luxury real estate market. Here’s a deeper insight into how it works: Digitizing properties as NFTs: luxury properties…

Google responds to accusations of ads tracking data of children

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Google, the parent company of YouTube, responded to a report that suggested YouTube advertisers are sourcing data from children viewing videos on the platform.  On Aug. 18, a day after the report surfaced, Google posted a blog reinstating its “strict privacy standards around made for kids content,” which is content marked on YouTube that is created to be viewed by children. The BigTech giant said it has focused on creating kid-specific products like YouTube Kids and supervised accounts. “We’ve invested a great deal of time and resources to protect kids…