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MeWe social network boss says blockchain can solve the TikTok problem

CEO Jeffrey Edell laid out a six-point plan for social media companies planning the transition to blockchain.

MeWe chairman and CEO Jeffrey Edell recently penned an op-ed detailing how he believes the situation between the US government and China’s TikTok could be avoided through the implementation of blockchain technologies.

Edell’s in the unique position of helming a social media company with, reportedly, more than 20 million users that’s made the leap from traditional web2 to the blockchain.

A slew of recent reports indicate that the U.S. is currently weighing an outright ban on China’s TikTok social media platform. There are allegations that ByteDance, the platform’s owner, has turned over sensitive user data to the Chinese government with potential negative implications for U.S. security.

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Railgun denies being used by North Korea as it nears $1B total volume

Privacy protocol Railgun, which security analysts have labeled a “prime alternative” to Tornado Cash, denied U.S.-sanctioned entities are using it.

Crypto privacy protocol Railgun has denied being used by North Korea and other United States-sanctioned entities to launder cryptocurrency, arguing its zero knowledge-based tech prevents this and the accusations have “no evidence.”

It comes as the Railgun platform’s total volume nears the $1 billion mark, boosted by a recent X post from Ethereum co-founder Vitalik Buterin praising and defending the privacy protocol.

Railgun, founded in January 2021, uses zero-knowledge (ZK) cryptography to shield wallet balances, transaction history and transaction details allowing users to use decentralized apps (DApps) on Ethereum or other supported chains while remaining private.

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US Senator Says ‘So Much Appeals to Me About Bitcoin’

US Senator Says ‘So Much Appeals to Me About Bitcoin’U.S. Senator Marsha Blackburn has revealed that there is “so much that appeals” to her about bitcoin. She explained that as we move forward and people are more comfortable with the cryptocurrency, “there will be more transactions in your daily life where bitcoin is accepted as a form of payment.” Senator Blackburn on Benefits of […]

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Standardization of Blockchain Data Format Enhances Interoperability Between Chains – Nick Yushkevich

Standardization of Blockchain Data Format Enhances Interoperability Between Chains – Nick YushkevichAccording to Nick Yushkevich, standardization of blockchain data formats is crucial as it enhances the interoperability of distinct protocols and fosters broader adoption of the technology. Yushkevich, the director of product at blockchain infrastructure provider Quicknode, added that such standardization helps to improve communication between systems. Unlocking the Full Potential of Blockchain Data Yushkevich stated […]

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Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets

Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential AssetsThe Zano blockchain’s recently completed Zarcanum hard fork (HF4) will enable users and organizations to create custom tokenized assets that meet their specific needs. These custom tokenized assets or confidential assets, will be untraceable on the Zano blockchain. The team believes that without privacy and security, cryptocurrencies cannot achieve the much-hyped widespread adoption. Hosting Multiple […]

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South Korea Launches Investigation Into Worldcoin’s Data Collection Practices

South Korea Launches Investigation Into Worldcoin’s Data Collection PracticesThe government of South Korea has opened an investigation into Worldcoin, the iris scanning cryptocurrency and digital wallet project. According to a press release, the Personal Information Protection Commission, the data privacy watchdog in the country, will investigate the actions taken by Worldcoin regarding the treatment of the data collected from users and will take […]

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Future AI Models Will ‘Know Users Better Than They Know Themselves’ – Calanthia Mei

Future AI Models Will ‘Know Users Better Than They Know Themselves’ – Calanthia MeiThe rapid proliferation of artificial intelligence (AI) models in recent years is contributing to the escalating problem of personal data harvesting, or “grabbing,” by major tech companies, Calanthia Mei, the co-founder of the data marketplace Masa, has argued. Mei, a Web3 builder and investor, asserts that this personal data harvesting frequently occurs without the consent […]

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User Alert: Tornado Cash Developers Warn of Risk to Funds Deposited Since Jan. 1

User Alert: Tornado Cash Developers Warn of Risk to Funds Deposited Since Jan. 1Tornado Cash developers have issued a scam warning to cryptocurrency users who made deposits via the IPFS’ gateways between Jan. 1 and Feb. 24. Developers suspect that an exploiter may have “leaked” Tornado Cash deposits during this period to a server under their control. ‘Malicious Javascript Code’ Developers of Tornado Cash, a smart contract-based cryptocurrency […]

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