Mon 01/02

Good Morning. 2023 is here and so are the new year's resolutions. Did you know that 80% of the resolutions get broken by the second week of Feb lol? Anyway, India is looking to get unbacked cryptos banned instead of a blanket ban, Indian films are making their way into Metaverse and someone leaked thousands of 3commas APIs.

• India To Explore Prohibition Of Unbacked Crypto In Its G20 Presidency: India said on Thursday that under its ongoing G20 presidency, it will prioritize the development of a framework for global regulation of unbacked crypto assets, stablecoins, and decentralized finance and will explore the “possibility of their prohibition” in a potentially significant setback for the nascent industry. RBI warned that policymakers across the globe are concerned that the crypto sector may become more interconnected with mainstream finance and “divert financing away from traditional finance with broader effect on the real economy.”

• 5 Indian Films To Enter Metaverse In 2023: Beginning with the Akshay Kumar and Tiger Shroff film BadeMiyan ChoteMiyan, Pooja entertainment will develop an immersive experience for moviegoers in the Poojaverse. Interality has announced the release of the Kannada film ‘Made in Bengaluru‘ on metaverse. Hotstar’s Disney+ Specials Rudra-The Edge of Darkness was also released in the ever-changing metaverse. Radhe Shyam, starring Prabhas, had a special version in the Metaverse. It was the first film to give viewers the option of designing their own avatars for the Metaverse. KGF: Chapter 2’s production company, Hombale Films, declared that the film would be entering the metaverse under the name “KGFVerse.”

• Anonymous Twitter User Leaks 3commas Api Database: An anonymous Twitter user has obtained around 100,000 API keys belonging to users of the crypto trading service 3Commas. The leaker published more than 10,000 of the keys on Wednesday and says the rest “will be published full [sic] randomly in the upcoming days.” 3Commas CEO Yuriy Sorokin confirmed the authenticity of the leak in a tweet on Wednesday, adding that "as an immediate action, we have asked that Binance, KuCoin, and other supported exchanges revoke all the [API] keys that were connected to 3Commas." 3Commas allows users to set up trading bots that automatically execute trades on their behalf on third-party crypto exchanges. Those exchanges generate API keys, and users plug those keys into 3Commas in order to grant the app access to their accounts. The API keys included in this week’s leak were, according to the leaker, generated on Binance and KuCoin.

• Web3 Is Being Used To Preserve History Threatened By Wars: Theresa Kennedy, founder of Black History DAO, says with blockchain technology, data can be stored in many different places, making it harder for it to be destroyed. The Black History DAO, which is curated by members of its community, seeks to address the problem of preserving ancient African text, a similar problem literary critic Henry Louis Gates Jr. tried to address years ago, Kennedy said. That project fell short of preserving the Timbuktu manuscripts after Islamist rebels took control in 2013 and destroyed many of the documents. Some, however, were saved and now, live online.

• Solana Price Rebounds as Ethereum's Buterin Tweets Support: Solana’s native token SOL erased most of Thursday’s 15% fall after Ethereum founder Vitalik Buterin tweeted support for the blockchain most battered by FTX’s implosion. SOL rebounded from Thursday’s low of $8.19 and retook the $9.50 range where it had been trading for much of the day. But the token is still 96% below all-time highs near $260, in part because of sellers dumping the “Sam coin” alleged fraudster Sam Bankman-Fried once loudly boosted.

Blockchain Developer At QuillAudits

What is Consensus In Blockchain?: Consensus for blockchain is a procedure in which the peers of a Blockchain network reach an agreement about the present state of the data in the network. Through this, consensus algorithms establish reliability and trust in the Blockchain network.