NFT News Daily TheBittimes.com

MicroStrategy, a company well-known for its involvement in Bitcoin, recently unveiled MicroStrategy Orange at the annual MicroStrategy World conference. This new platform is a de central ized identity (DID) system based on Bitcoin, designed to provide secure, immutable identity verification without the need for a central authority. The platform was announced by MicroStrategy’s co-founder and Executive Chairman Michael Saylor and Executive VP of Engineering Cezary Raczko. The introduction of MicroStrategy Orange follows previous indications from the company about venturing into Bitcoin software development, spurred by the popularity of the Ordinals inscriptions last summer. The DID system, known as DID:BTC, leverages a modified version of these Ordinals inscriptions to securely store identity data on the Bitcoin blockchain. This innovative system aims to offer various applications, from social media identity verification to the authentication of documents and medical records. Fo...

Huddle01 CEO Ayush Ranjan tells The Agenda podcast why centralized communications technology is unreliable and requires a decentralized alternative. The means by which humans communicate and coordinate are ever-evolving. People went from sending smoke signals and messengers on horseback to sending letters and telegrams, and since the dawn of the digital era, the pace of innovation has exploded. Today, hundreds or even thousands of people from around the world can gather in a Twitter Space or Zoom call and communicate in practically real-time. But people still primarily communicate via central ized platforms that retain and monetize user data, suffer from outages, have the power to censor speech, and face problems such as severe lag. So, what would a de central ized Web3 version of a communications and meeting platform like Zoom or Google Meet look like? To find out, Jonathan DeYoung and Ray Salmond sat down with Ayush Ranjan, co-founder and CEO of Huddle01 — a Web3 meetings and commu...

Crypto P2P users in Nigeria worry over using various platforms to launder funds as the country's central bank cracks down on bank accounts that receive a share of Flutterwave’s rumored stolen funds. Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN's decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack. According to local news sources, on February 19, 2023, Albert Onimole, legal counsel for Flutterwave, a Nigerian fintech company, allegedly reported a case to the Deputy Commissioner of Police, in Yaba, Lagos, of almost $6.5 million (3 billion nairas) that had been illegally transferred from the accounts of his client. On February 27th, a motion ex-parte was filed and granted in support of Flutterwave's claims. According to the motio...