NFT News Daily TheBittimes.com

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...

The Treasury Department claims DeFi is centralized and full of criminal risk. According to a US Treasury Department audit, poor cybersecurity standards in the de centralized finance (DeFi) market threaten bitcoin, consumers, and national security. The first-of-its-kind document claims that DeFi’s peer-to-peer nature creates new illegal finance dangers that require legislative oversight. DeFi Risks The 2023 DeFi Illicit Finance Risk Assessment, released on Thursday, describes how hackers, scammers, and other illicit actors are utilizing the DeFi ecosystem to launder money through systems that lack sanctions and anti-money laundering safeguards. “There have been several instances of actors, including ransomware actors, thieves, scammers, and drug traffickers, using DeFi services to transfer and launder their illicit proceeds,” the report claimed. The department suggested switching cash into less traceable cryptos, travelling between blockchains, ...