Arkham, a cryptocurrency analytics platform, has put a bounty of 100,000 ARKM, valued at 0,000, for information leading to the reveal of the creator of DJT, a Solana token linked to the former President and current Republican presidential candidate Donald Trump. While the token was issued with Trump’s involvement according to sources, there has not […]
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Judge Rules Craig Wright Lied ‘Extensively,’ Committed Forgery in Bid to Claim Satoshi Identity
On May 20, 2024, a ruling was delivered by Justice James Mellor in the COPA vs. Craig Wright case. Mellor determined that Wright lied “extensively and repeatedly” in his efforts to prove he was Satoshi Nakamoto. Mellor emphasized that Wright’s evidence was “at best questionable or of very dubious relevance or entirely circumstantial and at […]
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Microstrategy Plans to Launch a Decentralized Identity Solution on Bitcoin
Microstrategy has introduced a new enterprise decentralized identity platform, Microstrategy Orange, during the Bitcoin for Corporations segment at Microstrategy World 2024 event in Las Vegas. Microstrategy Intends to Leverage the Bitcoin Blockchain for Identity Management According to an unofficial draft on Github, the Orange platform leverages the Bitcoin Inscription DID method (did:btc), which incorporates data […]
Bitcoin News
UK Judge Freezes Craig Wright’s Assets Worth $7M Amid Satoshi Nakamoto Identity Dispute
After Judge James Mellor in the U.K. rendered his decision in the notable lawsuit initiated by the Crypto Open Patent Alliance (COPA) against Craig Wright, he concluded that Wright did not embody the persona of the pseudonymous Satoshi Nakamoto. Subsequently, Mellor enforced a worldwide injunction on Wright’s holdings, freezing assets valued at £6.7 million (approximately […]
Bitcoin News
Analysts Fear European Digital Identity Wallet Implementation Might Lead to Mass Surveillance
A group of analysts and companies have raised their voices against the risks that the upcoming European Digital Identity Wallet implementation might bring to Europeans’ privacy. Article 45 of a leaked Eidas document (Electronic Identification, Authentication, and Trust Services) indicates that web browsers distributed in Europe will have to accept certificates and cryptographic keys selected by the European Union (EU), opening the doors to online surveillance.
European Digital Identity Wallet Project Could Introduce Means for Online Surveillance
The technical implementation of the European Digital Identity Wallet has analysts and experts worried, with some warning against the veiled introduction of a system to exert online surveillance over European citizens.
Since the announcement of the final agreement on the project, more than 500 scientists and researchers from 39 countries and foundations like Mozilla have called on the European Union (EU) to rework a leaked Eidas (Electronic Identification, Authentication, and Trust Services) document to address these concerns.
The problem lies in Article 45 of the document, which establishes that web browsers distributed in Europe have to accept digital certificates and cryptographic keys from the EU and its member countries.
According to the experts, this would mean that “any EU member state or third party country, acting alone, is capable of intercepting the web traffic of any EU citizen, and there is no effective recourse.” An open letter from these scientists declared:
The current proposal radically expands the ability of governments to surveil both their own citizens and residents across the EU by providing them with the technical means to intercept encrypted web traffic, as well as undermining the existing oversight mechanisms relied on by European citizens.
What Comes Next
While the final Eidas document has not been released to the public yet, the Mozilla Foundation has revealed that, according to its information, there have not been changes proposed to article 45 specifically, with the whole project up for voting on November 28. Mozilla also called for the document’s release before the voting session, explaining that “civil society and the public are still unable to read the proposed regulation, let alone scrutinize its impacts.”
The European Commission has disregarded the concern, stating that it was part of a misunderstanding of the project as it is presented. It reported that “there is no risk of government spying, nor breaching the confidentiality of internet connections” with the current iteration of Eidas in a Q&A session.
What do you think about the European Digital Identity Wallet project? Tell us in the comments section below.
Worldcoin Launches World App to Bolster Decentralized Identity and Finance for Mass Adoption
Worldcoin, the project supported by Openai CEO Sam Altman, has launched the World App to complement the release of World ID. The application aims to democratize decentralized identities and finance by utilizing World ID to enable users to sign into different websites, crypto applications, and share personal data in a privacy-focused manner.
Worldcoin Unveils World App
The Worldcoin project made an announcement on May 8, 2023, revealing the launch of their new World App. The application dubbed the “minimalist wallet” is designed to bring “decentralized identity and finance” to the masses. The Worldcoin project, which was introduced to the public in October 2021, is backed by Sam Altman, CEO of Openai.
Before unveiling the World App, Worldcoin introduced the World ID, an identification protocol that relies on iris recognition and claims to be resistant to AI manipulation. The project employs zero-knowledge (ZK) proofs that are linked to biometric data scans. The new World App will feature a crypto wallet that will utilize Worldcoin’s native token (which has yet to launch), as well as bitcoin (BTC) and ethereum (ETH).
The announcement revealed that over 1.5 million people have already joined the World App’s beta phase, and the app will now be available in more than 80 countries. This initial rollout is being referred to as Phase I, with plans to expand the application into a comprehensive toolkit in the future. The project’s ultimate goal is to provide universal basic income (UBI) to verified users.
“World App, the first wallet for the Worldcoin ecosystem, is launching today,” the announcement states. “It’s designed to be friendly, and it supports private digital identity and a new financial system. You can use it to authenticate with World ID to prove you’re a real person, get your Worldcoin tokens and send digital money anywhere.”
The World App is available on both iOS and Android operating systems, and it was developed by Tools For Humanity (TFH), a technology company “built to ensure a more just economic system.” According to the TFH web portal, the company is dedicated to using Worldcoin technology to achieve this goal.
The announcement highlights the wallet’s minimalistic design, which incorporates the essential features of both Worldcoin and Ethereum. Initially, the Worldcoin project faced controversy when it was first announced due to the eyeball scanning component. Moreover, former NSA contractor and whistleblower Edward Snowden criticized the project.
The collection of iris scans could be a potential threat to personal autonomy if used for non-consensual surveillance. There’s concern over the potential for exploitation, mission creep, and misuse of biometric data by both private corporations and governments. Biometric information is highly personal and unique to each individual, unlike passwords or PINs that can be changed if compromised.
What do you think about Worldcoin launching the World App? Share your thoughts about this subject in the comments section below.
Unstoppable Domains and Crypto Browser Opera Widen Scope to Offer Accessible Web3 Identity System
Opera, the Web3 browser, and Unstoppable Domains, the non-fungible token (NFT) domain provider, have announced that users can now access all domain endings, including .x, .crypto, and .nft, across Opera’s browsers. Additionally, Opera and Unstoppable are offering a free .nft domain that matches an Opera user’s Twitter handle after account verification.
Opera Expands Web3 Capabilities With Access to Polygon Domains
Unstoppable Domains, the crypto domain provider, and Web3 browser Opera announced the firms are expanding their partnership to support all Unstoppable top-level domains, including .nft, .crypto, .wallet, and .x. The two companies believe that these domains offer an accessible digital identity system, enabling anyone to create a Web3 website using an Unstoppable domain.
In November 2022, Web3 browser company Opera launched degenknows.io, a tool for tracking and exploring NFT analytics. The following month, Opera announced the Alteon Launchpad, enabling users to mint NFTs without needing any coding experience. Jorgen Arnesen, Opera’s executive vice president for mobile, stated that “Unstoppable Domains offers powerful mechanisms for anyone to take control of their digital identity.”
Arnesen stated that the collaboration allows users to “safely and securely access Web3 content through every version of the Opera browser.” Additionally, the integration with Unstoppable enables the use of human-readable domains, such as “rockstar.nft,” with the Opera Crypto Wallet. This means that a user can share the name “rockstar.nft” to receive assets, rather than using a long alphanumeric cryptocurrency address.
Opera has been involved with crypto assets for some time and emphasizes privacy with its ad blocker, tracker blocker, and VPN as standard features. The browser first introduced a cryptocurrency wallet integrated into the browsing experience in July 2018. On Feb. 16, Opera’s shares listed on Nasdaq fell by 1.48%, but year-to-date statistics indicate the stock is up 22.33%. As of September 2022, Opera’s net income is down by 60.07%, and its net profit margin has decreased by 68.81%.
What are your thoughts on the future of digital identity systems and the potential impact of accessible Web3 domains? Share your thoughts in the comments section below.
The Novatar Provides Distinct and Rare Virtual and Meta Identity
The Metaverse is a virtual world where people may share their experiences and communicate in real-time in simulated environments. It can potentially change the way people work, shop, communicate, and consume information. As a result, firms are eager to stake up early positions in the sector, and NFTs are a unique and efficient means to do so.
Among Adidas’ recent ventures include joint projects with NFT creators Bored Ape Yacht Club and Pixel Vaults Punks Comic – an agreement with cryptocurrency investor Gmoney and the acquisition of digital land in the Sandbox, a blockchain-based virtual environment.
Moreover, Twitter and Facebook have already announced that they would be integrating NFT avatars into their services. As more companies get on board with the NFT craze and create new customer experiences, the Metaverse is already receiving mainstream attention.
Consequently, everyone will need a virtual representation of themselves to begin exploring this new and exciting virtual space.
Meanwhile, a new project called Novatar has just been established. Seems, It has the potential to take the industry by storm with its implementation of several innovations. Novatar’s approach and concept are what sets it apart from the others. One of its main features is the implementation of the first-ever aging NFT. It will be like a natural process of an infant growing up into an adult.
In addition, as it transforms, it will acquire and display unique physical shifts. Using the blockchains dynamics, a user can either raise their Novatar to adulthood or keep it a newborn baby.
Users will engage with these Novatars as their new Meta persona. Besides a virtual description of the user, they will have a profession, boast of excellent designs, and will be the way to be identified in the future metaverses.
Also, as in the real world, each Novatar is a unique, one-of-a-kind digital asset, graphically generated by AI. There will be a limited set of 25K baby Novatars in existence, which will be able to become adults each having a distinct facial expression, futuristic clothes, and aesthetics.
Novatars are genetically diverse, each with its own set of distinct traits. There are basic/mandatory 9 genes in baby avatar. Moreover, there are 14 genes in adult Novatars, with 10 basic sets of the gene pool and 4 optional. For example, the gene responsible for the profession is considered a rare one; Novatars with this gene will be deemed very exceptional.
The Novatars are meant to be used as a digital pass to online and offline events held only for Novatar NFTs holders.
Safle Review – Bringing Your Identity Back Into Your Hands
The concept of digital identities has gained popularity following the debut of modern-day technologies such as blockchain. Safle, a next-generation non-custodial wallet, is one of the projects currently leveraging blockchain to bring identities back to the hands of users. Unlike the centralized and federated identity models, the Safle ecosystem introduces decentralized identities, giving crypto users control over their identities and data.
While the crypto market has grown exponentially, users have limited options of non-custodial wallets. Meanwhile, the ones that exist have proven to fall short in some areas. For starters, most of the current non-custodial wallets are limited to specific blockchain networks, making it hard to transfer assets across multiple chains. They also face major security issues that have exposed DApps and crypto users to malicious attacks in the past.
Safle is designed as a decentralized blockchain identity wallet consisting of other Web3 infrastructures that support DApp development and integration with multiple blockchain networks. The Safle ecosystem seeks to solve the existing pains in the digital identity niche, creating a frictionless experience for cryptocurrency users and developers to build on decentralized infrastructures.
Dating back to 2019, the primary goal of Safle is to give users back what is rightfully theirs: security and privacy. At the helm is Abhimanyu Kashyap, an MSC Communications graduate from the University of Nottingham, whose interest in recent years has been in the development of infra tools for the decentralized modern web. Kashyap was also involved in the building and marketing of India’s fastest loan engine, Moneyloji.
That said, let’s delve deeper into the Safle ecosystem features to understand better the value proposition in creating a decentralized digital wallet identity.
The Safle Ecosystem
Safle leverages its native features, including SafleID, SafleVault, Saflekeyless, SafleNode, SafleDAO and the platform’s token $SAFLE to introduce an ecosystem where users can create digital identities and access the crypto market seamlessly. Ideally, the Safle digital wallet enables users to manage their crypto assets, access DApps, store NFTs and make smart payments.
1. SafleID
The SafleID feature is a core part of Safle’s ecosystem; it facilitates user onboarding and lifecycle management of the platform’s software plugins. This decentralized ID wallet is designed using EVM-compatible smart contracts. As such, it supports several chains, including Ethereum, Polygon and Binance Smart Chain (BSC). Users who opt for this digital wallet can transfer their digital assets across the networks mentioned above without leaving the SafleID wallet. In addition, SafleID features advanced wallet management tools such as time-locks, multi-sig, daily limits, seedless recovery and trusted contacts.
2. SafleVault
The SafleVault is a secure vault built with six layers of encryption, allowing users to manage their private keys securely and flexibly. This vault is designed to store users’ private keys and can be deployed through multiple avenues, including a user’s device (desktop or mobile) or the cloud. Users can retrieve the information stored in the vault using a password or biometric identification. Notably, the SafleVault supports the management of all BIP44 compatible digital assets while maintaining the same level of encryption.
3. SafleKeyless
As mentioned earlier, crypto users often find it hard to navigate between various ecosystems without moving funds to different wallets. The SafleKeyless feature eliminates this barrier by allowing users to sign transactions on any DeFi application as long as it is integrated with the Selfkeyless SDK. With this feature, Safle wallet users can carry out transactions across multiple DeFi platforms and assert their identity without installing extra software or hopping screens.
4. SafleNode
Besides decentralized wallets, Safle’s ecosystem features a dynamic tech stack, providing building tools for DApp developers. The SafleNode comprises several SDKs and infrastructure APIs, including the previously highlighted Saflekeyless feature that DApp developers can integrate to enable a seamless user experience. Additionally, the platform has made open APIs available, allowing access to real-time blockchain and crypto data for price predictions and on-chain analysis.
5. SafleDAO & the Native Governance Token
Like most decentralized ecosystems, Safle is governed through a Decentralized Autonomous Organization (DAO). The DAO makes decisions on Safle’s ecosystem development by creating proposals and voting through the platform’s native token, $SAFLE. This token also powers other operations, including fee payments on the network and community rewards for early adopters and supporters. Per the project’s whitepaper, the initial supply of $SAFLE at the token’s generation event (TGE) will be distributed to seed investors, public token sales and strategic allocation.
6. Staking Rewards
The Safle ecosystem also features staking rewards through its native token, $SAFLE. Even better, users who leverage SafleID to stake on platforms like Ethereum can do so from their non-custodial wallets. While staking rewards are yet to launch, Safle intends to enable users to access the high APY offered by various DeFi protocols to maximize their returns. The rewards programs will also be used to balance the $SAFLE token demand and supply – at any point, the number of distributed rewards will be proportional to the number of tokens in supply and those in staking pools.
7. Safle SmartPay and Swaps
The Safle SmartPay feature is designed for merchants looking to use the Safle ecosystem as a primary business tool. Merchants who integrate the Safle infrastructure will be able to accept crypto payments, swap crypto for fiat and create master-child wallets managing several child wallets.
On the other hand, SafleSwaps will facilitate single transactions without leaving the SafleID wallet. This feature is powered by smart contracts, introducing an aggregator model that provides a high-liquidity and low-cost environment for swapping digital assets.
The Future is Decentralized Identities
Though relatively new, the concept of decentralized identities is spreading like wildfire. More people are gradually realizing that centralized organizations are taking advantage of personal data and information. Well, thanks to blockchain-built innovations, the future of the ownership economy is looking brighter.
Safle, which has already taken up the mantle of building self-governed digital identities, is not only making progress in its technical features but strategic partnerships and capital raising. The project raised 0k in its seed funding round, attracting notable investors such as Draper Dragon Fund, Woodstock fund, Sandeep Nailwal and JD Kanani (Matic/Polygon founders).
JD Kanani, who commented on Safle’s recently concluded seed funding round, was keen to emphasize the value proposition of decentralized identities in fostering blockchain adoption,
“Safle is building vital next-generation wallet infrastructure that will eliminate existing points of friction to drive wider adoption of all blockchain applications. Matic is excited to be among the first chains supported by SafleID, and we look forward to supporting Safle on their mission to drive greater adoption of blockchain technology.”
With blockchain ecosystems becoming mainstream, decentralized identities will play a significant role in shaping the future of the digital world. This extends to upcoming niches such as NFTs that have popularized the idea of the metaverse. Looking into the future, thriving within digital ecosystems will require one to have a digital identity that is verifiable and unique.
Image Source: Safle
Ecoin Builts The World’s First Blockchain-based Digital Identity Platform
Ecoin, the ‘Crypto for Everyone’ coin, is on a roll with a series of new and exciting updates coming out this September. A Draper University-backed project, Ecoin pursues a mission to enable mass adoption of cryptocurrency by attracting billions of users into the space.
To push this goal, it has built the world’s first AI-driven Fraud detection system, in other words, a blockchain-based digital identity platform, that will result in easier crypto-onboarding and eliminate fraud risks. Along with this, it has also innovated and turned to alternative mining methods, such as Social Media Mining, Cashbacks Mining, and Launchpad Mining. But more on this later. For now, let’s look at the latest updates in the Ecoin ecosystem.
XinFin Integration
#Ecoin and #Speed are friends forever ❤️As promised, we have deployed our contract already. More news coming soon 😎#TheCryotoForEveryone #SocialMining #CryptoNews #XDC #Blockchain pic.twitter.com/zRpFioDHLi
— Ecoin Official (@EcoinOfficial) September 9, 2021
Ecoin and leading hybrid Blockchain technology XinFin Network have partnered up to scale up blockchain 4.0. The update was shared today on their official Twitter account. Joining the XDC network is something that the Ecoin platform was looking forward to since a long time, now with the deployment complete, more updates will follow soon. It aims to scale its social token $Ecoin and Xinfin Network to millions of users based on ‘the blockchain-based digital identity powered by its alternative mining systems.
1.5 Million+ Users On Boarded
Within just 12 months, the network that is looking to encourage crypto mass adoption has already onboarded over 1.5 million users. Ecoin’s near-zero gas fees and faster transaction speed can support millions of users. Currently, Ecoin Foundation also has over 300,000 active holders.
Ecoin Burning Event
As we promised, Ecoin has burnt 10% of the total supply, we will also burn an additional 80% supply as our community has decided.
The big movements of the world's fastest growing social crypto has just started. #Ecoin #Crypto #Tokenburning #SocialMining #CryptoNews pic.twitter.com/kAsDlF4zlT
— Ecoin Official (@EcoinOfficial) September 8, 2021
After burning 10% of its total supply, Ecoin is now moving to burn 80% supply as per the decision of the Ecoin community.
Added to these updates, Ecoin Co-Founder Mr. Abhyudoy Das recently won the Draper University Pre-acceleration Program and received investment from them. This funding will pour into its efforts to enable mass adoption of crypto. Recently Ecoin Co-Founder, Mr. Krishna Yogi has also announced their plan to roll out the Ecoin NFT solution soon.
Now, let’s take a look at its innovative alternate-mining approaches.
Social Media Mining
Users can earn Ecoin using ‘Wishoo’ which is its secondary social media platform. With the tagline, “A social media that pays you to post, like, and share interesting content”, Wishoo is a pay-to-watch tokenized social media.
Launchpad Mining
Ecoin gives users the opportunity to participate in various free offers such as surveys, app tryouts, etc.
Cashback Mining
Users can get the chance to earn Ecoin whenever they are shopping, or even when they recharge their mobiles. They can earn Ecoins as cashback.
Ecoin aims to make crypto-onboarding easy and accessible by facilitating users with convenience and streamlined processes. At the same time, it will eliminate fraud almost completely.
Image by Gerd Altmann from Pixabay
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