Altcoin News by Thebittimes.Com

This week, government agencies intensified their enforcement actions against fraudulent crypto activities, responding to a rise in hacking incidents, scams, and fraud.  One notable case involved the hacking of CoinsPaid. Alongside these developments, regulatory initiatives remained in focus, with the passage of a pro-crypto bill in the US Congress garnering attention. Crypto institutional adoption continued to show steady momentum. However, the launch of Worldcoin prompted discussions around privacy. Crypto hacks, scams, and fraudulent schemes Blockchain security firm PeckShield reported on July 24 that the launch of Worldcoin, the cryptocurrency backed by OpenAI’s CEO, was affected by the deployment of fake tokens on Ethereum. Two fake Worldcoin tokens were detected, and one displayed a suspicious 100% price drop, raising concerns about a potential rug pull scam. You might also like: zkSync Era’s Kannagi Finance rug pulls and steal $2.13m Additionally, after Twitt...

Decentralized file-sharing services that Big Tech companies can’t control are the only way internet users will be able to maintain their freedom in the years ahead. While censorship resistance and privacy are not the same thing, they are closely intertwined. When the government or another entity, such as an advertiser, can track everything you do, they can also sanction you for bad behavior. Instead of working backward to try and cover up seismic cracks in Web2 with duct tape, it may be time to move full speed ahead on ensuring these same mistakes don’t happen in Web3. By being proactive, the purported internet of the future could actually protect our private information and prevent overzealous or oppressive censorship before these issues become unmanageable. Using crypto to deliver the message In countries fighting for human rights and civil liberties, suppressing free speech and outward communication complicates the struggle against oppressive regimes. This is where the encryption ...

The firm sparked controversy last month after disclosing MetaMask's data collection practices. In a privacy update published Dec. 6, ConsenSys, the developer of the popular MetaMask browser wallet, said it would reduce its retention of user data such as wallet addresses and IP addresses to seven days. Previously on Nov. 24, ConsenSys updated its privacy policy to clarify how Infura, or MetaMask's default Remote Procedure Call (RPC), works with user data such as including IP addresses. The revelation sparked controversy in the crypto community regarding privacy concerns, leading the firm to clarify that IP addresses collected through MetaMask will not be monetized or "exploited."  We are committed to protecting the privacy of MetaMask users. Last month, the ConsenSys privacy policy update raised questions and misconceptions. We heard you, went to work, and would like to share some important clarifications and updates https://t.co/5HGlWFuIEq — MetaMask (@MetaMa...