Aurelia Butler

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  • 138 Shares189 Views

    in Cryptocurrency

    New Chainalysis Research Finds $7.7B Lost Globally in Scams this Year

    That $7.7 billion total represents a rise of 81% compared to 2020, a year in which scamming activity dropped significantly compared to 2019. A change that contributed to 2021’s increase in scam revenue was the emergence of rug pulls. This type of fraud is relatively new and is most common within the decentralized finance (DeFi) space. A “rug pull” is basically when developers of a new crypto project abandon it unexpectedly, taking users’ funds with them. This malicious maneuver “pulls the rug” out from under investors, hence the name. The research further found that crypto criminals are evolving their tactics.The average lifespan of a financial scam is getting shorter and shorter. The average financial scam was active for just 70 days in 2021, down from 192 in 2020. Looking back further, the average cryptocurrency scam was active for 2,369 days in 2013. That figure has trended steadily downwards since then. One reason for this could be that investigators are getting better at solving and prosecuting scams. As fraudsters become more aware of these actions, they may feel more pressure to close up shop before drawing the attention of regulators and law enforcement. While the duration of scams are on the decline, the number of active crypto hoaxes at any given time is on the rise. An active scam as defined by the Chainalysis report is where the crypto addresses of the “black hats” are receiving funds. Those numbers of active scams rose significantly this year, from 2,052 in 2020 to 3,300 — that marks a 40% jump in less than a year.Lastly, scams typically come in waves corresponding with sustained price growth in popular cryptocurrencies like Bitcoin and Ethereum, which typically also lead to influxes of new users. It doesn’t take research to know that hack attacks and crypto fraud create a huge barrier to successful cryptocurrency adoption, and fighting them can’t be left only to law enforcement and regulators. Cryptocurrency businesses, financial institutions, crypto exchanges, and the media have an important role to educate and inform. Investors ultimately must take responsibility for their crypto education and investment actions — otherwise the funds they invest won’t be theirs for very long.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
    You can always unsubscribe with just 1 click.Continue reading on DailyCoin More

  • 88 Shares189 Views

    in Economy

    Sorry children, Father Christmas has supply-chain problems

    Dear childrenI have been unable to deliver any presents to your home for Christmas but your seasonal goodwill is important to us. You now have three choices: 1: Arrange for delivery in the new year. 2: Exchange them for an exclusive Santa voucher. 3: Cancel and get your parents’ money back.This has been a challenging year for all, including my helpers and me in our remote workshop. Although elves, flying reindeer and saints have natural immunity from coronavirus, we strictly observed all lockdowns. Should any photographs emerge of us drinking wine and eating cheese fondue, please note that this was a work meeting at which I wore my red and white uniform.As you know, I am a pioneer of the direct-to-consumer business and am not held back by legacy assets. While others lease outlets in shopping malls and occupy big-box stores, I operate from a mythical fulfilment centre with magically advanced logistics, and a delivery network of aerial deer.But while I try to remain jolly and bring hope to others, we have faced a perfect snowstorm of supply-chain problems, leading to backlogs in the manufacture, wrapping and distribution of gifts. Anticipating this, I reacted early by chartering my own container ships from China, but they were forced to go round the Arctic Circle for months, waiting to dock.We were already facing delays in building a new workshop after the old one floated off on an iceberg due to climate change. It has been very hard to recruit a sufficient number of seasonal workers, following the cap on elf permits imposed under the Make Christmas Great Again policy.That was exacerbated by a spike in the price of the high-grade timber used to build our new facility. We installed triple glazing and heat pumps to future-proof the grotto, but when our energy supplier collapsed, we were reduced to roasting chestnuts over an open fire to stay warm.Production difficulties also put back the delivery of my new flying sled. Curled up cosily in bed, imagining me taking the polar route to your home, you may think of it as a simple piece of machinery with few parts, mostly made from wood, but technology has advanced beyond even your imaginations.Last year, I ordered a self-flying model that would allow me to sleep peacefully on board as it crossed continents, thus achieving higher gift-giving productivity without breaching limits on driver hours. Unfortunately, it needed a number of sensors and computer chips that ran short at the factory.To make matters worse, I chose this year to upgrade the food consumed by my reindeer. They traditionally eat grasses and ferns but I strive to raise my environmental standards, and rashly replaced their pastures with an experimental blend of synthetic moss. This has given my reindeer range anxiety over how far they can fly without refuelling.Sadly, I have to report one other matter. Like other merry old men, I have enjoyed a variety of White Christmas privileges but these were abruptly suspended earlier this year, pending an external investigation. I remain confident that my priority sled landing slots, permitting me to overfly low-traffic neighbourhoods at night, will be restored by next yuletide.Despite these mishaps, you will be glad to hear that I managed to make my way to your roof on time, with a fine pile of presents. Unfortunately, I then discovered that your parents had installed a wood burner with a narrow flue, making it impossible to shimmy down the last 10 metres — chimneys are tight enough.My reindeer dragged the sled up and down your street, searching hopefully for a charitable neighbour to leave the parcels with. We found that all doors were locked because so many have been forced to isolate by the spread of Omicron. Even Good King Wenceslas is under Level 2 restrictions.In short, a cold coming we had of it, especially me. I fully understand the disappointment you may feel and wish to reassure you that I will spare no effort to exceed your expectations in future. Although I am a gift-giving monopolist, it will always be day one at Santa Inc.Please take your pick from these three options, and I have meanwhile minted a selection of non-fungible tokens of reindeer images for the whole family to enjoy virtually. Rudolphs with red noses and flashing antlers are rarities, and can easily be regifted when you tire of them.Yours apologetically, Father [email protected] More

  • 150 Shares199 Views

    in Cryptocurrency

    Is crypto a boys’ club? The future of finance is not gendered

    Her tone wasn’t impassioned like she was claiming an injustice. It was matter-of-fact, resigned to the truth of it. Pirovich is a blockchain and digital assets lawyer and has been involved in the crypto industry for years. She’s also a mom of two.Continue Reading on Coin Telegraph More

  • 100 Shares159 Views

    in Cryptocurrency

    5 cryptocurrency projects that made waves in 2021

    While it was a banner year for large cap cryptocurrencies, some of the biggest gains and most impactful developments came from the altcoin market where decentralized finance (DeFi) and nonfungible tokens (NFTs) rallied by thousands of percent and helped to usher in a new level of awareness and adoption for blockchain technology and cryptocurrencies. Continue Reading on Coin Telegraph More

  • 150 Shares169 Views

    in Cryptocurrency

    Mystic Moose Gets $5 Million For 'Planet Mojo,' An Extraterrestrial Metaverse Game

    Planet Mojo is a blockchain-based version of the classic chess game. The game depicts the story of a strange alien world where nature and machines are pitted against one another and where players can discover, explore, and compete in a variety of interrelated tactical strategy games, starting with an Auto Chess game. In addition, users can participate in cross-platform Player vs. Player and play-to-earn mechanisms while also experiencing augmented reality and charity eco-friendly features by owning teams as NFTs.Read Also: In the Wilder World, Staking and Liquidity Mining Have ArrivedPlanet Mojo will deliver 10,000 generative 3D animated NFT ‘Mojos’ in the first quarter of 2022, which will be directly usable in the game. In addition, there will be other benefits available to early adopters of the game, but their details are still being kept under wraps at this time. “We’re establishing a platform, but it won’t be like Roblox or others,” said Michael Levine, the company’s creator, and CEO. “Planet Mojo, this new IP we’re developing, will be the basis for a series of games.”The extraterrestrial metaverse’s development team has a combined expertise of more than 25 years in the gaming industry. EA, Activision, LucasArts, and HappyGiant are among the veterans on the team. Mike Levine, the company’s founder, previously worked on the XR games “Sam and Max: This Time It’s Virtual,” “QuasAR Arena,” and “Hologrid Monster,” which was one of a few marker-based mobile AR games released in 2016. In addition, Eric Campanella of Mystic Moose worked on Call of Duty 2 and 3 and Command & Conquer Generals.Continue reading on BTC Peers More

  • 113 Shares189 Views

    in Cryptocurrency

    In Decentraland, Boson Protocol is launching a bespoke gallery

    On the other hand, the exhibition isn’t just a glorified coat rack. Inside, fashionistas may discover everything there is to know about this magnificent purchase, including the early concept ideas and the well-documented thinking processes that went into its creation, as well as hours of video footage displaying the exquisite precision of the final product.Read Also: Grise Metamoonverse Announces its NFT Marketplace on CardanoDolce and Gabbana’s suit is a watershed moment in the digital fashion business, as it embodies what many people believe is the way fashion will go in the future. Wearables have an NFT equivalent to complement the digital persona. As a result, Boson Protocol has plans to create a platform that will make this concept more accessible. In addition, boson aims to market the iconic suit as a display of its latest technologies as a result of all of this innovation. As a result, when Boson Protocol v2 is released, the glass suit will continue on its metaverse voyage. The Boson Protocol Gallery at Decentraland has further information about this.The suit was created over thousands of hours of labor and with incredible attention to detail, as seen by artwork and movies in the gallery, including an exclusive sketch personally signed by Domenico Dolce and Stefano Gabbana.Continue reading on BTC Peers More