DeFI News by Thebittimes.Com

Somebody claiming to be Elizabeth Holmes, the former Theranos CEO, “America’s first self-made female billionaire,” and convicted fraudster is currently tweeting, replying, and occasionally trolling on X. But is it really her? The short answer is likely no. After all, Holmes is barely two years years into a nine-year prison sentence for fraud carried out during her time as CEO of the now-defunct blood testing company. The longer answer, however, is maybe. While federal prisons don’t allow inmates access to social media (Holmes is being held at FCP Bryan in Bryan, Texas), the posts could, in theory, be dictated by Holmes to a loved one, PR representative, or someone else who has assumed control of her account. Of course, there’s also a third option: her account could have been hacked. However, it’s unclear what the motivation would be given that no scam links, memecoins, or ads have been shared . Regardless, whoever’s taken over the account h...

Coinbase CEO Brian Armstrong says that memecoins are the canary in the coal mine, foreshadowing a broader trend of the tokenization of culture. In a new interview with CNBC, Armstrong says he expects memecoins to eventually lead to the tokenization of identities, votes and art. “Memecoins in the broadest sense, I think we should find a way for artists to get paid. Anyone should be able to put artwork and get paid for it. I do think memecoins are a canary in the coal mine, that more and more of the world is going to get tokenized and put on-chain. Every asset class, every vote, every identity, every song, every Instagram post, whatever – in the future I think more and more of these things are going to tokenized. Now, we also need to make sure people are following the law and not doing pump-and-dump schemes or insider trading, and there probably has been a little bit of that in the memecoin space which is not helping anybody. In every crypto cycle, there seem...

Funds will be used to support the decentralized World ID and the recently released crypto wallet World App. VC firms A16z Crypto, Bain Capital Crypto, and Distributed Global are investors in the round. Crypto project Worldcoin has reportedly raised $115 million in a Series C round led by Blockchain Capital. Funds will be used to support its decentralized World ID and recently released crypto wallet, World App.  Co-founded by OpenAI's CEO Sam Altman and built by developers of Tools for Humanity, Worldcoin aims to tackle problems stemming from the growing complexity of artificial intelligence, such as proof of personhood, in the digital age. Venture capital firms Andreessen Horowitz, Bain Capital Crypto, and Distributed Global are also investors in the round. “During the age of AI, we need decentralized , privacy-preserving solutions that can prove humanness online and empower people across the world to take control of their identity and finances. The additional resources will help...

A new soulbound NFT project from Cobo, MetaMask Institutional and Gnosis Safe is bringing new nonfungible exclusivity and proof of identity to users. Soulbound token s (SBTs) are becoming a mainstay in the Web3 space for users and project s to define themselves in digital reality.  A Dec. 13 announcement from Cobo, a digital asset custodian and blockchain technology developer, revealed a new SBT project which unites crypto industry giants to cater to users’ developing digital identities. Cobo, MetaMask Institutional and Gnosis DAO teamed up to create “Evolution,” an SBT project , a tool to help users define themselves in digital reality and stay up to date on industry trends. A spokesperson for Cobo told Cointelegraph that since SBTs cannot be sold on the market, it helps create a bridge between Web2 and Web3 surrounding user identity. “This provides assurance to the token provider and allows them to give exclusive access and benefits to their targeted users by giving them an ident...