Decentralized social networks aren’t immune to botnet-driven spam, as a recent spam attack on Bluesky demonstrates. Earlier this month, a flood of posts reading “remember to always vote Trump” showed up on Bluesky’s network posted by accounts with random names and default avatars. The spam didn’t originate on Bluesky, though. Instead, it reached Bluesky by […]
Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure
African financial institutions typically scale their solutions using a mix of local and foreign tech. Appzone is one of the standout local fintech software providers for banks and fintechs, providing better pricing and flexibility. For over a decade, the Nigeria-based Appzone has functioned as an enabler (at payment rails and core infrastructure) within banking and […]
Decentralized social network Farcaster is trying to reach mass adoption through Web 2.0 techniques
The web3 world has long hoped for a blockchain-based consumer application that could reach escape velocity, bringing crypto technology to the masses. Farcaster is hoping it’ll happen through its network. More often than not, it’s rare for crypto native users to have an easy, quick onboarding experience. For Farcaster, a network for decentralized social applications, […]
Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve
Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $ 100 million avalanche (AVAX) tokens. LFG detailed on Thursday that the purchase is meant to strategically align the Terra network with Avalanche ecosystems. LFG to Add $ 100 Million in Avalanche […]
US Senator Says He’s Bullish on Bitcoin Because It’s Decentralized, Uncontrollable
U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.” US Senator Bullish on Bitcoin U.S. Senator Ted Cruz from […]