Good morning 😊
The new Paypal USD stablecoin has an "assetProtection" role which can wipe your balance in two transactions (first freeze, then wipeFrozenAddress).
🤦🏻 Centralized, but transparent at least.
Implementation contract: https://etherscan.io/address/0x6c3ea9036406852006290770bedfcaba0e23a0e8#code
The code looks very similar to: https://github.com/paxosglobal/usdp-contracts
(Because it's just paxos with names changed. They didn't write anything.)
PayPal Launches a Stablecoin in Latest #Crypto Payments Push
PayPal USD (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents.
PYUSD is designed to be redeemable for dollars at all times and can also be exchanged for other cryptocurrencies available on PayPal’s network. It can be used to fund purchases and will soon be available on PayPal’s popular payments app Venmo. Users will eventually be able to send their token holdings between a PayPal and a Venmo wallet.
The coin can also be moved to compatible third-party wallets outside the PayPal network.
PYUSD will be a regulated product in the state of New York.
Starting in September, Paxos will publish monthly reports detailing the assets backing PYUSD, PayPal said. Paxos will also publish a third-party attestation by an accounting firm on PYUSD’s reserve assets.
Crypto doesn't need PayPal.
PayPal needs crypto.
There is a big difference.
Essential Safety Tips for Navigating the Web's Dark Alleys
➡️ Manage Wallet Access
1. Go to your browser's extension manager and click on your #MetaMask or other wallet plugin.
2. In the Details, scroll down and find "Site Access."
3. Choose "On Click" instead of "On All Sites."
This will make your wallet only activate when you click to connect it to a particular site. It won't automatically connect on all sites without your permission.
This prevents random sites from being able to access your wallet without your knowledge. It adds a layer of protection.
Keep your wallet locked down tight! Only connect it when needed on trusted sites for trading or transactions.
🚨 Nansen Expected Airdrop 🚨
➡️ Nansen is a #Crypto and #NFT analytics solution.
👀 Nansen 2 is coming and there are expectations that the Waitlist users will be duly awarded.
📝 Steps to Join Expected #Airdrop
1. Visit the Nansen 2 Waitlist Page: https://nansen.ai/early-access/?ref=mq7c5X
2. Submit your details and click "Join Waitlist".
3. Note : You will receive verification email in few hours after sign up.
4. Verify your email and get referral link.
Now start inviting friends using your referral link.
5. Also, sign up on Nansen Pro and connect your Wallet: pro.nansen.ai
6. By doing so, there are expectations (No Guarantee) that you might get eligible for Nansen Airdrop in future.
Good morning #Nostr
Currently, I'm using on Android:
Browser -
1. Brave
2. Bromite
Search Engine -
1. Presearch
2. Whoogle
What about you?
Blockchain security company CertiK recently revealed a serious flaw that put the #Worldcoin system at serious risk. The system’s security and integrity might have been compromised if the vulnerability allowed Orb operators unrestricted access.
Users’ iris information was collected as part of Worldcoin’s Orb activities, necessitating a strong verification process to guarantee that only reputable businesses are in charge of the operations.
The system’s fault, however, made it possible for bad actors to get through the rigorous verification process without fulfilling the requirements.
Following the usual whitehat disclosure process, CertiK quickly informed the Worldcoin security team of the vulnerability.
Prompt Patching: Addressing The Vulnerability
Worldcoin has provided a patch to address the vulnerability in a prompt manner as a response to the threat. Attackers were unable to exploit the vulnerability due to the swift action taken.
Although CertiK acknowledged that the remedy effectively reduced the threat, they chose to reserve further information regarding the vulnerability and its mitigation for a later time.
Worldcoin had only published reports on security audits conducted by Nethermind and Least Authority a week prior to the discovery of this vulnerability. These audits sought to find code flaws and strengthen defenses against intrusions.
Some 26 issues were found by Nethermind’s audit that needed to be addressed, and 24 of these were quickly resolved by Worldcoin during the verification phase. One of the remaining two problems was reduced, while the other was noted.
Six remedies were proposed by Least Authority to tackle th three challenges, all of which were either handled by Worldcoin or were planned to be addressed.
Worldcoin Confirms Flaw, No Real-World Attacks
Worldcoin confirmed the alleged flaw but stressed that it had not been used in any real-world attacks. They stressed that the vulnerability never provided access to Orbs or data, and that the manual review process for creating operator accounts for Orbs was never circumvented.
The fact that Worldcoin was able to address the problem within 24 hours of its discovery showed how dedicated they were to upholding the protocol’s security.
Even after the public debut of Worldcoin was initially a success, with favorable token prices and high enrollment rates, the project remained divisive because of worries that one business would have complete control over huge quantities of user personal information.
Meanwhile, criticism of the potential effects on data privacy and security was made by individuals like US National Security Agency whistleblower Edward Snowden and Ethereum co-founder Vitalik Buterin.
Concerns about the project’s potential for amassing enormous amounts of personal data that could be used for illicit activities have legitimately sparked concerns about the ethical issues surrounding such cutting-edge identification and financial networks.
Delete your phone number or email address from Facebook and Instagram permanently.
Do it now! Here 👇🏻
Fastest Apps among these in ranking order:
1. Orb (Lens Protocol) 🔥🔥🔥
2. Warpcast (Farcaster) 🔥🔥
3. Amethyst ( #Nostr ) 🔥
#ProofOfWalk
#YouTube is deleting #Bitcoin accounts and we need to call them out.
This free speech attack suppresses information about a technology that challenges existing power structures.
And they’re scared.
Uninstalled THREADS 😎
To watch #Oppenheimer, you need to understand geopolitics, modern physics, astronomy, and a minimum GPA of 3.2
And to watch #Barbie, you just need a girl to go with. So watching Oppenheimer is much easier for you #web3 mfers.
#ProofOfWalk
