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Showing posts with the label users

Vana launches Reddit Data DAO allowing users control over personal data

Vana has secured $200M in funding led by Paradigm, signalling investor confidence. The newly launched Reddit Data DAO empowers users with data control and rewards. Users vote on data usage, challenging traditional models of data ownership. Vana, a San Francisco-based startup, has introduced a groundbreaking initiative, the Reddit Data DAO, or r/datadao, empowering Reddit users to take charge of their personal data. The launched decentralized autonomous organization (DAO) revolutionizes data ownership on the popular social media platform, offering users rewards for contributing their Reddit data and a say in its utilization. Reddit Data DAO revolutionizes data ownership Vana’s Reddit Data DAO represents a paradigm shift in data ownership dynamics, offering users a direct stake in the control and utilization of their personal information. By integrating their Reddit accounts and data into the DAO, users not only earn rewards but also participate in co...

Address poisoning attacks hit Safe Wallet users, losses exceed $5m

Dozens of Safe Wallet users have lost millions worth of crypto due to a recent wave of address poisoning attacks. In an X post on Sunday, Dec. 3, 2023 analysts at Scam Sniffer said that an unknown scammer stole more than $2 million worth of crypto from 10 Safe Wallet-based entities in just one week using the so-called “address poisoning ” attack , a scam where bad actors are spamming the transaction history page with similar operations a bid to trick victims into sending funds to the scammer’s address. about ~10 Safe wallets have lost $2.05 million to "address poisoning" attacks in the past week. the same attacker has stolen $5 million from ~21 victims in the past four months so far. pic.twitter.com/fu4kxaI3py — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 3, 2023 As per Scam Sniffer, the same attacker has succeeded in their efforts, stealing a total of $5 million worth of crypto from 21 victims in the past four months. As of press ti...

Nearly half of crypto users invest to boost living standards: Report

A survey from crypto exchange Bitget featured more than 1,500 respondents across 20 countries. Approximately 50% of crypto users are investing in digital assets to improve their everyday living standards. According to a new survey by crypto exchange Bitget published on October 5, 46%, 44%, and 41% of respondents in South Korea, Canada, and Turkey said improving their living standards is their greatest financial goal when invest ing in digital assets. Meanwhile, around 36% of respondents in Malaysia and Taiwan said enhancing their family's quality of life was more important than other aspirations.  Around 27% of female crypto invest ors in the U.S. and Turkey said they invest ed in digital assets to fund their children's education, compared to just 5% in South Korea and Japan. In terms of the amount invest ed, users from China showed the highest level of engagement, with 18% allocating sums between $50,000 and $100,000, and an additional 19% invest ing between $100,000 an...