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Showing posts with the label community

Monero’s community wallet loses all funds after attack

A security breach has resulted in the loss of 2,675.73 XMR from Monero's community crowdfunding wallet. The cause and source of the breach remain unidentified. A recent attack compromised Monero’s community crowdfunding wallet , wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the breach has not been identified yet. "The CCS Wallet was drained of 2,675.73 XMR (the entire balance) on September 1, 2023, just before midnight. The hot wallet, used for payments to contributors, is untouched; its balance is ~244 XMR. We have thus far not been able to ascertain the source of the breach." Monero’s Community Crowdfunding System (CCS) funds development proposals from its members. “This attack is unconscionable, as they’ve taken funds that a contributor might be relying on to pay their rent or buy food,” noted in...

Friend.tech look-alike ‘Alpha’ emerges on Bitcoin network

A new social token network called Alpha has emerged, rivaling the popular Friend.tech platform but built on top of the Bitcoin blockchain. The Bitcoin network got its own community-based social token ecosystem after a new project called Alpha emerged overnight.  As a decentralized social network protocol, Alpha is similar to the widely-known Ethereum-based platform Friend.tech. It allows users to monetize their online persona and content creation via its social tokens. ️Alpha α is officially here More than the @friendtech of Bitcoin, Alpha is set out to be one of the leading SocialFi dApps Built on Bitcoin Fully decentralized & permissionless Optimized UX for Key trading & alpha calls sharing Get Alpha Now: https://t.co/V7GX7UReQ4 pic.twitter.com/q6j4IrGic7 — New Bitcoin City (@NewBitcoinCity) September 16, 2023 However, unlike Friend.tech, Alpha has a different makeup. The finality is anchored on the Bitcoin blockchain, while the Polygon blockchain is used for data s...

5 countries leading the blockchain adoption

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Discover the countries leading blockchain adoption with innovative solutions, supportive regulations and more. Countries lead blockchain adoption for various reasons, including recognizing its potential to transform multiple sectors of the economy, promoting innovation and economic growth, and creating a favorable regulatory environment to attract blockchain businesses. Types of blockchain communities that lead blockchain adoption Blockchain communities refer to groups of individuals, organizations and companies involved in developing and using blockchain technology. These communities form to share knowledge, collaborate on projects and advance the adoption of blockchain technology. There are different types of blockchain communities, including: Developer communities: These groups of blockchain developers work together to create protocols, programs, smart contracts and other blockchain-based projects. Industry communities: Communities developed around specific industries or sectors, ...