12/12

Good Morning. FBI nabbed Rikesh Thapa for stealing crores worth of bitcoins 👮🏾‍♂️, Apple is like that school kid who keeps on getting into fights 👊👊, a new crypto has taken the market by storm and already raised millions of dollars, Cornitos will not only make chips but also NFTs and we now have an Indian decentralised social network. Let's get reading!

• FBI Nabs Blockparty CTO Rikesh Thapa for Stealing BTC Worth $1 Million: Thapa, who worked at a blockchain firm that was experimenting with cryptocurrencies in order to diversify its portfolio, had offered to save some company funds in his personal account, but later refused to return the money. The US Department of Justice (DoJ) has released an official statement after nabbing Thapa from the Southern District of California. Thapa has been accused of stealing over a million dollars, out of which, $162,216 (roughly Rs. 1.33 crore) were wrapped as 10 Bitcoins. He had been working as the chief technical officer (CTO) at a tech startup named Blockparty.

• SOCLLY, a decentralized social network for Web3.0 creators, launched in India: As per the co-founders, the concept of Soclly was first established in 2021. Booking 1:1 meetings with Web3 creators using stablecoins is one of Soclly's primary benefits. Once the meeting is over, users can rate and share their experience that is stored on the blockchain also known as decentralized reputation. They have also built an option for creators to share their earnings for social goods. Soclly is also hosting the first-ever lens community IRL meetup in partnership with BLIV.Club, Riva, BlockON & Desi Crypto in Bangalore

• Cornitos To Enter The Web3 And Blockchain By Introducing NFTs: Cornitos is entering the world of Web3 and Blockchain and launching their first-ever NFTs in the OneRare Kitchen. Cornitos will launch their signature Nachos, Crusties, Tacos, and more as NFTs in the first drop- coming on 13 and 14 December. The artworks are custom-designed by OneRare artists and celebrate the fun nature of the brand offering. These NFTs can be used to cook up signature Cornitos recipes and power up their food trucks. As we go along, OneRare will work closely with the Cornitos team to bring more immersive experiences for snack lovers worldwide.

• Apple Has Picked A New Fight, This Time, Its Coinbase: Coinbase tweeted that Apple blocked the release of its latest crypto wallet app, asking for a cut of gas fees when people transfer NFTs to each other. Coinbase had to disable its NFT transfer feature before Apple would let the company update its popular self-custodial wallet.“ Apple’s claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system so that they can collect 30% of the gas fee,” Coinbase said via its Coinbase Wallet Twitter account. “This is akin to Apple trying to take a cut of fees for every email that gets sent over open Internet protocols.”

• Pplpleasr’s Shibuya NFT Video Platform Raises $6.9M to Build the 'A24 of Web3': Shibuya raised $6.9 million in a round co-led by VC heavyweights Andreessen Horowitz and Variant Fund. The round also included participation by notable angel investors including NBA star Kevin Durant, entertainer (and NFT creator) Paris Hilton, Alibaba co-founder Joe Tsai, and Aave founder and CEO Stani Kulechov. Shibuya’s Web3 hook is that viewers can purchase NFTs that both fund new content and give them the ability to vote on the story’s direction across chapters—a sort of choose-your-own-adventure story fueled by decentralized governance.

• IMPT, A New Crypto Adds Amazon, and Nike As Affiliate Partners: IMPT is a new cryptocurrency project with the potential to significantly alter the carbon credits industry. Leveraging the power of the Ethereum blockchain, IMPT’s ecosystem allows users to purchase, sell, and trade carbon credits easily by organizing them as NFTs - giving unique benefits to all stakeholders. Users can easily purchase carbon credits through their normal buying activities rather than needing to go through a cumbersome investment process. All of this is made possible by IMPT's relationships with thousands of major companies in retail, electronics, travel, and other industries.

Block Chain Developer At Hitachi

What Is Layer 1 in Blockchain?: Layer 1 refers to a base network, such as Bitcoin, BNB Chain, or Ethereum, and its underlying infrastructure. Layer-1 blockchains can validate and finalize transactions without the need for another network. Making improvements to the scalability of layer-1 networks is difficult, as we’ve seen with Bitcoin. As a solution, developers create layer-2 protocols that rely on the layer-1 network for security and consensus. Bitcoin's Lightning Network is one example of a layer-2 protocol. It allows users to make transactions freely before recording them into the main chain.

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