The Tweet DAO – One Week, 2,125 Tweets Later
Last week, social experiment The Tweet DAO took crypto Twitter by storm. I covered the story soon after the project’s launch (read here), and there was already plenty of material to write on. The project was still young though, and anything could happen, so I followed, and eagerly awaited future developments.
Here’s what’s going on with The Tweet DAO, one week into its wild, chaotic journey.
The Best Crypto Twitter Accounts
For better or worse, the cryptocurrency community lives on Twitter. The bird app remains the best place to find alpha, hear about hacks, and get a sense of the community gestalt. Below are the 15 best Crypto Twitter accounts that are a must follow.
There are some incredibly high-value follows that have a long history of ethical behavior and providing quality information. Unfortunately, the space is also rife with grifters, scammers, and other unsavory types. To help you navigate, we’ve compiled a list of the best crypto twitter accounts to follow!
Hashmasks Discord and Twitter HACKED
Hashmasks Discord and Twitter accounts have been compromised! Hackers have taken over their accounts and are using them as a way to mint NFTs as part of an “exclusive” collection. DO NOT USE THIS LINK in the tweet below.
You are putting yourself at risk if you engage with any of their links through Twitter and Discord until further notice. Here is the tweet that was just recently published from the Hashmasks Twitter.
Here's How You Can Protect Yourself Against Phishing as Trezor is Attacked
Trezor, a popular Bitcoin (BTC) hardware wallet, has revealed that its newsletter has been compromised, warning users of phishing attacks -- but the team's chief information security officer (CISO) shared tips on how to stay crypto-safe just days earlier.
The incident comes several days after Jan Andraščík, CISO of SatoshiLabs, the team behind Trezor, published a detailed guide instructing crypto users on how to improve their security. In the article, Andraščík shared 10 tips that could lower "your chances of being attacked."
CRYPTO’S GREATEST WEAKNESS? BLIND SIGNING, EXPLAINED
If you’ve been hearing about blind signing, but you’re not sure what it means, then look no further. Here, we explain the concept.
If you’re reading this, you already know that crypto is a hot property. Whether your thing is coins, tokens or NFTs, we all have a vested interest in keeping our assets safe. “I know!” you say. Never give my private keys or share my recovery phrase with anyone. Well that’s true, but it’s not the end of the story.
Washing crypto is a problem as exploiter gets away with $15 million
Inverse Finance is the latest victim of a DeFi exploit resulting in the loss of over $15 million, Peckshield revealed this weekend. The blockchain security firm released a tweet simply stating, “Hi, @InverseFinance, you may want to take a look,” linked to a transaction on Etherscan.
Coinbase, FTX to Ramp Up Investment in India, But Experts Warn the Country's Crypto Space May Face Chaos
Major crypto exchange aims to further expand its crypto hub in India by hiring more talent, as crypto derivatives exchange FTX considers investment in India’s Mobile Premier League (MPL), the country's largest eSports and mobile gaming platform. However, Indian crypto veterans warn that the announced levy in the country's crypto tax bill could suck liquidity out of the market, leading India's crypto industry to chaos.
'Green oasis' for Bitcoin mining: Norway has almost 1% of global BTC hash rate
Norway’s Bitcoin mining credentials are impressive: The small European country hosts 0.77% of Bitcoin’s hash rate using 100% green, renewable energy.
Vitalik Buterin is worried about Ethereum — Here’s how the community responded
Ethereum co-founder Vitalik Buterin expressed his concerns about the blockchain’s future in a recent interview, and attendees of the recent ETHDubai event voiced mixed sentiments toward his perspective on crypto’s perils.
Bitcoin’s DeFiChain adds tokens for Disney, Intel, MicroStrategy
DeFiChain, a DeFi service running on the Bitcoin network, has added four tokens representing real-world assets, including one ETF. The dTokens enables holders exposure to the underlying asset’s price movements.
South Korean Bank Shinhan Launches Nation’s First Corporate Crypto-Fiat Account
The South Korean commercial banking giant Shinhan has become the first bank in the nation to offer crypto account services to a corporate client.
ZDNet Korea reported that on April 7, the bank created a corporate fiat KRW account exclusively for cryptoasset transactions to the crypto exchange Korbit.
A double-edged sword? Once-famous brands are getting into crypto
There is no denying the fact that the crypto adoption wave sweeping the globe right now has resulted in a growing list of defunct brands making their way into the digital asset market in recent months.
EU bans providing 'high-value crypto-asset services' to Russia
The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s “brutal aggression against Ukraine and its people.”
ECB executive board member talks about current state of digital euro CBDC research
European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or CBDCs, is “likely to become a necessity,” but warned that “they should not become a source of financial disruption that could impair the transmission of monetary policy in the euro area.”
There is room for the Metaverse in 2022, but the virtual space is far from perfect
It is hard to resist the vision spun to us by Meta (formerly Facebook) and other virtual world platforms. A digital utopia that can transform lives in multiple ways — whether how we socialize, work or even stay healthy — is a hard one to refuse.
‘I’ve never paid with crypto before’: How digital assets make a difference amid a war
The ongoing conflict in Ukraine has become a stress test for crypto in many tangible ways. Digital assets have emerged as an effective means of directly supporting humanitarian efforts, and the crypto industry, despite enormous pressure, has largely proved itself a mature community — one ready to comply with international policies without compromising the core principles of decentralization.
DAO regulation in Australia: Issues and solutions, Part 2
Regulating a decentralized autonomous organization (DAO) as a company, first of all, means registration as a company. But who remembers why we need that registry in the first place? Will anyone question whether a blockchain-based DAO needs registration at all?
Decentralized AI optimized asset management ecosystem announces live beta
When asked about wealth inequality, few can say they clearly understand how severe this gap is. For a more precise visual, consider that Elon Musk, reportedly the richest man on Earth, has a network that exceeds the gross domestic products (GDPs) of countries like Portugal, Pakistan and Finland.
Starbucks announces NFT initiative as union-busting controversy continues
Nonfungible tokens (NFTs) have seen their fair share of controversy, but now they have found their way into the midst of the battle between multi-billion dollar corporations and workers trying to unionize their workplaces in the United States.
The first-ever Metaverse Fashion Week: Digital fashion is here to stay
Incredible as it may seem, digital fashion has developed so much that it already needs its own fashion week with all that implies: from the shows and presentations of new collections to public talks and parties with true DJs. The first-ever digital fashion week took place March 23-27 in Decentraland, a decentralized virtual social platform on the Ethereum blockchain.
Garry Kasparov: 'Bitcoin Will Remain as a Standard'
The chess grandmaster, a speaker at CoinDesk's Consensus festival in June, expects a basket of coins to replace the dollar within a decade.
Jeff Kauffman: DAOs Will Own Big Brands
The founder of the JUMP community token, a speaker at Consensus 2022, on how Web 3 will change branding and empower communities to buy brands themselves.
A Censorship-Resistant Inflation Index Is Being Built on Chainlink
Decentralized finance (DeFi) firm Truflation is building a new gauge to track inflation independent from the government and in real-time. Think of it as a competitor to the Consumer Price Index (CPI), and one where officials can’t move the goalposts.
GOP Policy Arm Releases Paper Exploring Benefits, Risks of Crypto
The policy arm of U.S. Senate Republicans has issued a policy paper on crypto, signaling the GOP is making its way toward a more unified approach to crypto regulation.
The Senate Republican Policy Committee (RPC), chaired by U.S. Sen. Roy Blunt (R-MO), works to form legislative policy goals for the party, as well as provide research and analysis on a variety of subjects.
Waves’ USDN Stablecoin Loses Peg as Accusations of Ponzi Schemes Fly
Waves, a Layer 1 blockchain known as ‘Russia’s Ethereum’, has suffered a reversal of fortune as accusations of Ponzi schemes and market manipulation fly in a wild week of action.
Sam Bankman-Fried, the CEO of crypto exchange FTX, got swept into the drama as one of Russia’s major crypto plays went sideways.
MetaMask Update Allows Apple Pay Users to Buy Crypto
Mainstream adoption of cryptocurrencies just got a boost.
MetaMask has announced that the popular crypto wallet will now support direct digital asset purchases with debit and credit cards by way of Apple Pay.
Ethereum Layer 2 Networks Hit ‘Critical Mass’ as The Merge Approaches
All eyes are on The Merge. When Ethereum’s mainnet joins with the beacon chain Proof of Stake system everything will change — the Proof of Work era will draw to a close and a new period will dawn for the most important blockchain network in DeFi.
Ethereum’s next generation Layer 2 networks are pumping, with their total value locked (TVL) hitting $7B several days after posting a record high of $7.4B on April 2, according to L2beat.
New OlympusDAO Fork Aims to Defy Protocol’s Reputation as a ‘Useless Asset’
Forks of OlympusDAO have struggled to gain traction and attracted a lot of criticism. But that hasn’t stopped a new contender from coming down from the mountaintop with another proposition.
Terra’s Do Kwon Takes Aim at DAI With Pool of Four Stablecoins
“By my hand DAI will die.”
So tweeted Do Kwon, the co-founder of the Terra ecosystem on March 22.
Kwon‘s vow of doom for DAI, the U.S. dollar-pegged stablecoin supported by MakerDAO, is a rare case of unalloyed competitiveness in DeFi. True to his word, the Terra co-founder on April 1 introduced “4pool,” an amalgam of four stablecoins on an automated market maker (AMM), Curve Finance.
Five Tips To Elevate Your DeFi Research
DeFi has the potential to be a wild place at times. Seemingly bulletproof protocols can rug in an instant or suffer exploits that token prices will never recover from.
In line with The Defiant’s security awareness mission, I will outline a few pointers on how to identify a potential disaster before it unfolds. I spend my days identifying how projects conduct development and measuring how they end up deploying their code. After assessing over 200 protocols, we’ve picked up a few insights to identify poor development practices in DeFi.
New Standard Promises to Clean Up ‘Mess’ in Yield-Bearing Tokens
The mess in yield-bearing tokens is about to be cleaned up. At least, that’s the plan.
ERC-4626, a new token standard for yield-generating vaults on Ethereum, has been finalized.
It is designed to make it easy for yield-bearing tokens, such as Aave’s aTokens or SushiSwap’s xSUSHI, to be integrated with DeFi protocols. The standard was first proposed in December by Fei protocol co-founder, Joey Santoro.