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12,000 Bitcoin Removed from USDD Reserves, Sun Responds

Tron founder Justin Sun has downplayed concerns following the removal of 12,000 Bitcoin, worth over $729 million, from the reserves backing Decentralized USD (USDD), a stablecoin governed by the Tron DAO Reserve. The action was recorded on August 19, when the blockchain observer Blockchair discovered that the Bitcoin was taken out of the address that was linked to the USDD collateral. This led to concerns on the social media platform x (former Twitter), where some of the users said that Sun...

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Colombia Investigates Worldcoin for Data Privacy Violations

Colombia’s consumer protection agency, the Superintendence of Industry and Commerce (SIC), has initiated an investigation into Worldcoin, a biometric cryptocurrency project, and its parent company, Tools for Humanity. The SIC alleges that they breached Colombian personal data protection legislation by gathering biometric data like iris scans without consent. Worldcoin, co-founded by OpenAI CEO Sam Altman, gives out “World IDs” whenever people use an Orb to SCAN their irises. In return for...

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About Half the Corporate Funds Spent in This Year’s Election Cycle Comes From Crypto Firms

Crypto firms and billionaire founders and executives have contributed massively to corporate contributions during this election cycle. The scale of donations made by the industry is “unprecedented.” A report published by Public Citizen revealed that crypto companies contributed nearly half of political donations during this year’s election cycle. Out of the $248 million contributed, $119 million comes from crypto firms like Coinbase, Ripple, and Circle. That amounts to 48% of the total...

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McDonald’s Instagram Hacked, $700K Stolen via Fake Memecoin

On August 21, hackers hacked McDonald’s official Instagram page and executed a scam that resulted in over $700,000 in stolen Solana. They used the popular social media account to promote a fraudulent memecoin named “Grimace,” inspired by McDonald’s purple mascot. The attack started with McDonald’s Instagram account being seized and used to spread information on the fake token called GRIMACE. Screenshots posted on X revealed that the hackers were able to create multiple posts that spammed the...

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Aave Labs Launches Aave V3 on Era Mainnet

Aave Labs has officially launched Aave V3 on the Era Mainnet, marking a significant advancement in decentralized finance (DeFi). This new version of Aave uses zkSync technology to enhance security, privacy, and scalability. The announcement was made through Aave’s official X account. As stated in the blog post, the Aave V3 includes zkSync’s zero-knowledge (ZK), which can provide cheap transaction fees and high security through Ethereum proofs. Chainlink will also assist in delivering...

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