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Polkadot-backed summit brings Mandala and KILT to spotlight for emerging ecosystems

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The recent Polkadot-backed summit has spotlighted Mandala and KILT, two rising stars in the blockchain ecosystem, drawing significant attention to their potential roles in shaping the future of decentralized technologies. The event, designed to showcase innovative projects within the Polkadot network, provided a platform for these emerging platforms to demonstrate their unique contributions to the blockchain space.

Mandala, known for its novel approach to decentralized finance (DeFi), presented its solutions aimed at enhancing financial accessibility and efficiency. The project leverages Polkadot’s multi-chain capabilities to offer a more integrated and user-friendly DeFi experience. By showcasing its advanced technology and strategic vision, Mandala positioned itself as a key player in the evolving DeFi landscape.

Similarly, KILT Protocol, with its focus on decentralized identity and data privacy, used the summit to highlight its groundbreaking solutions for secure and user-controlled digital identities. KILT’s integration with the Polkadot network allows it to offer a scalable and interoperable framework for managing digital identities, which is increasingly vital in today’s data-driven world.

The summit provided valuable insights into how these projects are utilizing Polkadot’s technology to address critical issues in their respective domains. Mandala and KILT both demonstrated their commitment to leveraging Polkadot’s robust infrastructure to enhance their offerings and contribute to the broader blockchain ecosystem.

The event underscored Polkadot’s role as a catalyst for innovation in the blockchain space, supporting projects that are pushing the boundaries of what is possible with decentralized technologies. By providing a platform for Mandala and KILT to present their solutions, the summit reinforced the potential of these emerging ecosystems to drive significant advancements in DeFi and digital identity.

Industry experts and participants at the summit expressed optimism about the future impact of Mandala and KILT. Their presence at the event highlighted the growing diversity and depth of the Polkadot ecosystem, showcasing a range of projects that are poised to make meaningful contributions to the blockchain sector.

In summary, the Polkadot-backed summit successfully highlighted Mandala and KILT as prominent emerging projects in the blockchain ecosystem. Their innovative approaches to DeFi and digital identity, coupled with the support of Polkadot’s technology, position them as influential players in the evolving landscape of decentralized technologies.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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