IMF Publishes Working Paper to Address Crypto Assets Risks
The International Monetary Fund (IMF) published a working paper matrix that aims to identify potential risks associated with the crypto space and policy responses for regulators. The IMF released a working paper titled “Assessing Macrofinancial Risks from Crypto Assets” on September 29. Burcu Hacibedel and Hector Perez-Saiz proposed a crypto-risk assessment matrix (C-RAM) for countries […]
Silk Road Founder Marks 10 Years of Prison Sentence
Ross Ulbricht, the founder of the first online “modern darknet market,” has now served 10 years out of his double life sentence in prison. Ulbricht posted on X on October 2 that he had spent a decade in prison and feared he would spend the rest of his life “behind concrete walls and locked doors.” […]
Friend.tech Reaches New Heights in Revenue, Total Value Locked
Decentralized social media platform Friend.tech has continued to thrive since it launched in August and has hit multiple new highs in revenue growth and total value locked (TVL) despite facing criticism. According to data from Dune Analytics, Friend.tech’s revenue increased to 10,663 Ether on October 2, and its total value locked (TVL) surpassed 30,000 Ether. […]
Web3 vs. Traditional Social Media: What’s the Difference?
This article explores the distinctions between Web3 and traditional social media, emphasizing each approach’s main characteristics, benefits, and challenges. With the introduction of Web3 technologies, social media platforms are enduring a fundamental transformation in their structure and operation. Traditional social media primarily relied on centralized control, in which a single entity determined the norms and […]
Everything You Need To Know About Zero-Knowledge (ZK) Proofs
If you are familiar with blockchain, monetary transactions are publicly recorded and verifiable when using a blockchain-based system like Bitcoin. The trade-off for this transparency is a rise in privacy concerns, which has prompted the use of Zero-Knowledge (ZK) proofs. By enhancing both security and anonymity, zero-knowledge proofs play a crucial role in cryptography and, […]