Top crypto stories of week 8, 2024
Mon 19 to Sun 25 February 2024
The 20 top stories on Kiwi News from Mon 19 to Sun 25 February 2024, ranked by upvotes, comments and clicks, with 36 comments in total. Most-shared sources: unchainedcrypto.com.
Text under a title is an AI summary of the linked article.
- New crypto scam drains users' wallets without transaction approval (cointelegraph.com)
- Introducing uni.eth – Your Unique Web3 Username (blog.uniswap.org)
- Memetic warfare (dark.fi)
The essay analyzes the memes and narratives of the crypto privacy sphere, framing DarkFi and lunarpunk as attempts to introduce new privacy-promoting viruses into the memeplex. It argues that the "anti-meme" aligns privacy with criminality, and that Monero's Yes Chad meme, Zcash's "Privacy is Normal" meme, and Phil Zimmermann's normcore approach to PGP all remain trapped in reactive or undifferentiated positions. It urges building tools for differentiated users, reviving cypherpunk's moral and political purpose, and emphasizing privacy's exceptional power over its normality.
- Satoshi - Sirius emails 2009-2011 (mmalmi.github.io)
- chainfeeds/RSSAggregatorforWeb3 - long list of web3 RSS feeds (github.com)
- European human rights court says no to weakened encryption (theregister.com)
- Become a Wikipedian in 30 minutes (citationneeded.news)
- Keep your phone number private with Signal usernames (signal.org)
- Activate Uniswap Protocol Governance (gov.uniswap.org)
- Breaking records, Comments, RetroPGF, Roadmap & other Kiwi updates (paragraph.xyz)
- Starknet active addresses go down by 71% after airdrop (unchainedcrypto.com)
- 2024 Halving: This Time It’s Actually Different [Grayscale Research] (grayscale.com)
- 8 principles for digital world-building (keningzhu.com)
- What Is Sleepminting And Will It Ruin NFT Provenance? (proofinprogress.com)
Sleepminting is an impersonation attack described by Tim Daub, in which an attacker mints an NFT under another creator's name without that creator's involvement. The article's example uses a fake "Creator: beeple" listing on Rarible, with the attacker minting to a victim address and later transferring the piece to a buyer. The article argues that this is an interface issue rather than a security vulnerability, since beeple's account was never accessed. It says the fake can be spotted by checking that both the mint transaction's sender and the NFT's sender match the creator's correct address.
- Terraform Labs Founder Do Kwon to Be Extradited to U.S. From Montenegro (unchainedcrypto.com)
Do Kwon, founder and former CEO of Terraform Labs, will be extradited to the United States to face fraud charges, according to a report in the Montenegrin newspaper Pobjeda, following a new Montenegrin High Court ruling. The Court of Appeals had earlier reversed a High Court decision, citing unclear wording and missing justifying facts, and returned the matter to the High Court to decide between extradition to the U.S. or South Korea. Kwon and former CFO Han Chang-Joon were arrested in Podgorica in March 2023 while trying to board a plane to Dubai with falsified travel documents. Kwon faces criminal charges from the U.S. Department of Justice and civil charges from the SEC.
- Blockchain & internet glossary (A–Z): Key terms from Read Write Own (a16zcrypto.com)
- ETF approval for bitcoin – the naked emperor’s new clothes (ecb.europa.eu)
The article, by Ulrich Bindseil and Jürgen Schaaf, argues that Bitcoin is unsuitable as a means of payment or an investment and that its fair value is zero, despite the US SEC's approval of spot Bitcoin ETFs on 10 January. It cites Chainanalysis figures showing $23.8 billion in illicit-address transfers in 2022, a 68.0% rise, and $1.1 billion in ransomware payments in 2023 compared with $567 million in 2022. It also reports a Forbes analysis finding that 51% of reported daily Bitcoin trading volume across 157 exchanges was likely bogus. The authors call for stronger regulation and say the recent price rally reflects speculation rather than fundamentals.
- The State of the Culture, 2024 - by Ted Gioia (honest-broker.com)
- Monitoring latency: Cloudflare Workers vs Fly vs Koyeb vs Railway vs Render (openstatus.dev)
- Economics Memes (ribbonfarm.com)