• Cardano founder reiterates plea for ‘authenticated tweets’ following social media breach

    Charles Hoskinson, the creator of the Cardano network, has reiterated his request to incorporate “authenticated tweets” on the social media platform X (previously known as Twitter).

    This initiative was catalyzed after the official X account of the Cardano Foundation was compromised to promote fraud and disseminate misinformation over the weekend.

    On December 8, malicious individuals gained access to the Cardano Foundation’s account and employed it to announce a fictitious ADASOL token, which they claimed was a Cardano-inspired token developed on Solana for “speed and innovation. ”

    While this deceptive post was removed within an hour, the assailants followed up with another fraudulent assertion. They claimed that the Foundation had faced a lawsuit from the US Securities and Exchange Commission (SEC), resulting in an alleged suspension of all support for Cardano’s native token, ADA.

    The Cardano Foundation has since eradicated the harmful tweets but has not issued any formal statement addressing the incident.

    In response to the breach, Hoskinson indicated that the Cardano community would actively investigate the occurrence. He also suggested that federal authorities might take an interest in the matter.

    He remarked:

    “Now the engaging part begins for us. As Cardano represents a digital nation, many of our constituents are also in law enforcement. Let the wave of inquiries commence. ”

    Hoskinson further proposed revisiting the authenticated tweets feature he originally suggested in 2020. He underscored that this functionality could substantially improve security on the platform.

    Hoskinson’s concept centers on utilizing public-key cryptography to fortify identity verification. He stressed that the method would not disrupt X’s operational model but would enable users to independently verify their posts.

    The proposal encompasses requiring biometric authentication prior to content publication, such as fingerprint or facial recognition.

    Hoskinson introduced the concept to Jack Dorsey, the platform’s former CEO, following a significant hacking incident in 2020. At that time, he offered to develop the system for compensation. He has now suggested implementing it at no cost if Elon Musk endorses the initiative.

  • Yoroi Wallet Users Will Unlock ADA Rewards

    Yoroi Wallet, a premier Cardano ecosystem light wallet, and Bring, the first white-label crypto cashback platform, are announcing a collaboration to introduce a new way to passively accumulate ADA via shopping-based rewards. This collaboration will unite the world of blockchain and real-world retailers, allowing users to earn “cashback” in ADA, Cardano’s native cryptocurrency, for shopping with over 775 global retailers.

    This upcoming integration will offer Yoroi users rewarding opportunities from various top-tier brands, including Vaio, JBL, StockX, Samsonite, and Nubul. Users can shop using their credit card or any other payment method and earn up to 10% cashback in ADA. This integration offers a truly seamless, rewarding experience, demonstrating how blockchain can be a part of everyday shopping for the next billion crypto investors. With a simple click of a button on the wallet popup, the user will receive ADA cashback for his credit card purchase.

    Vineeth Bhuvanagiri, a Managing Director at EMURGO, said, “Our collaboration with Bring is an exciting development in the world of crypto rewards, creating a new avenue for Yoroi Wallet’s ADA holders to benefit from their assets through qualified shopping purchases at some of the most recognized brand names.”

    “Collaborating with Yoroi is a key step toward expanding the reach of our platform and offering users more value,” said Meir (Iri) Zohar, CEO of Bring. “Together, we are unlocking the potential of blockchain technology for mainstream users, making it easier to earn and spend ADA in real-world transactions. We believe this collaboration will accelerate the adoption of Cardano within the retail sector.”

    This breakthrough has been made possible, in part, by the support of the Cardano Catalyst program, which provided a grant to fund Bring’s expansion into the Cardano ecosystem, enabling the platform’s continued growth and innovation. The Catalyst program empowers projects that bring blockchain technology closer to mainstream adoption; this new business alliance is a testament to that vision.

    The Bring integration in Yoroi marks an essential milestone in the evolution of the Cardano ecosystem. It connects it with the real world in a way that benefits both users and retailers. As blockchain adoption grows, this collaboration will serve as a model for how decentralized technology can be seamlessly integrated into traditional commerce.

    The future of ADA just became even more rewarding. The integration is expected to go live later this year.