Tuesday, June 3, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Did Chainlink Just End SIM Swaps for Good?

February 17, 2024
in Web3
Reading Time: 2 mins read
0 0
A A
0
Home Web3
Share on FacebookShare on TwitterShare on E Mail



TL;DR

Full Story

The quantity of pleasure our workplace has over this Chainlink SIM swap information is a bit embarrassing. 

Kevin, our intern, even introduced in confetti which appeared slightly intense. (On model for him although.)

However, you might be pondering, what on this planet are we speaking about? 

Chainlink is that data-oracle firm we love to write down about (like we did right here).

‘Oracles’ take actual world information (e.g. climate forecasts) and put it on the blockchain, and Chainlink occurs to be the main mission within the house.

So what are SIM Swaps?

Hackers will contact a cell supplier → faux to be somebody they’re not (however present sufficient information to faux it) → get a brand new SIM despatched out to them.

As soon as they’ve your cell quantity, they’ll begin reseting passwords and accessing accounts left, proper, and middle.

Even individuals like ETH Daddy (i.e. Vitalik Buterin) have fallen sufferer to SIM swaps!

Okay, so the place does Chainlink are available in?

A Spanish phone firm, Telefónica, is partnering with Chainlink to primarily create the Web3 equal of 2FA.

When asking for cell verification earlier than processing a transaction, Chainlink will be capable of verify with Telefónica and ensure the SIM card/quantity hasn’t had any impromptu modifications made to it just lately.

Which is one thing to get enthusiastic about!

As a result of the specter of getting hacked is likely one of the largest deterrents to Web3 adoption.



Source link

Tags: ChainlinkgoodSIMSwaps
Previous Post

Crypto Traders See 20% Chance of Bitcoin Topping $70K by April End: DeFi Options Protocol Lyra

Next Post

Will February Deliver A $4,000 Knockout?

Related Posts

Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase
Web3

Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase

June 2, 2025
Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs
Web3

Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

June 1, 2025
Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve
Web3

Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve

May 31, 2025
GameStop Stock Price Continues Sinking After $512 Million Bitcoin Buy
Web3

GameStop Stock Price Continues Sinking After $512 Million Bitcoin Buy

May 29, 2025
Binance Labs backed Web3 Startup with prominent founders Mario Ho and Jackson Wang to Launch Non-Fungible RWA Protocol Ecosystem
Web3

Binance Labs backed Web3 Startup with prominent founders Mario Ho and Jackson Wang to Launch Non-Fungible RWA Protocol Ecosystem

May 30, 2025
Trading Platform eToro Adds 12 Tokens to US Platform Following SEC Settlement and IPO Push
Web3

Trading Platform eToro Adds 12 Tokens to US Platform Following SEC Settlement and IPO Push

May 28, 2025
Next Post
Will February Deliver A $4,000 Knockout?

Will February Deliver A $4,000 Knockout?

Shiba Inu eyes the $0.000011 level as Memeinator’s presale approaches $5 million

Shiba Inu eyes the $0.000011 level as Memeinator’s presale approaches $5 million

Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023

Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In