cryptocurrency
The Brazilian Senate passes a Bill to regulate Crypto Transactions
Brazilian Senator, Flávio Arns, presented a bill on crypto transaction regulation to the Senate on Tuesday night and the Senate passed the bill. Now the bill will be taken to the Brazilian Chamber of Deputies for voting, however, the executive branch can turn it down if adopted. According to the legislation, crypto firms will be regarded as Virtual service providers and will have to operate within the Brazilian financial system guidelines notwithstanding strict adherence to the financial institutions against crimes. Execution of duties However, should the measure be passed, then the Brazilian Securities and Exchange Commission will be restricted from overseeing the crypto market, though it will be in charge of the Initial Coin Offerings (ICOs), but the decision to determine the body that w...
KuCoin announces a $100 Million Fund to Empower Web3 Growth
KuCoin’s role in empowering the Web3 universe continues, this time with the launch of a new $100 million fund. Spearheaded by KuCoin, the leading crypto exchange, together with its brand new NFT trading platform’s KuCoin NFT Marketplace-Windvane and venture capital arm KuCoin Ventures, the $100 million “Creators Fund” targets the incubation of early-stage NFT projects. Empowering Web3 Universe The goal, according to a press release the platform shared, is to use the funds to support the NFT Metaverse ecosystem. As such, projects drawn from fields such as arts, Esports, PFPs, GameFi, and Asian culture among others, are set to benefit. To help accelerate this growth as Web3 takes shape is KuCoin’s launch of a new decentralised NFT marketplace dubbed “KuCoin NFT Marketplace-Windvane. Pe...
Digital Thief Uses Instagram Phishing Link To Lift $1M Worth of Bored Ape Yacht Club NFTs
HipHopWired Featured Video Source: NurPhoto / Getty Count us in the group of people who still have no idea how NFTs work, but this latest cyber heist involving the latest blockchain craze is eye-opening. Spotted on The Verge, a thief stole NFTs worth millions of dollars by using the Bored Ape Yacht Club’s (BAYC) official Instagram account to share a phishing link that lifted tokens out of users’ crypto wallets. Bored Ape Yacht Club confirmed the intrusion via Twitter, writing in a tweet Monday morning (Apr.25), “There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to anything.” Related Stories In response to BAYC’s tweet, a user who goes by the handle @jatuur shared a photo of what the link looked like and it does ...
Digital Thief Uses Instagram Phishing Link To Lift $1M Worth of Bored Ape Yacht Club NFTs
HipHopWired Featured Video Source: NurPhoto / Getty Count us in the group of people who still have no idea how NFTs work, but this latest cyber heist involving the latest blockchain craze is eye-opening. Spotted on The Verge, a thief stole NFTs worth millions of dollars by using the Bored Ape Yacht Club’s (BAYC) official Instagram account to share a phishing link that lifted tokens out of users’ crypto wallets. Bored Ape Yacht Club confirmed the intrusion via Twitter, writing in a tweet Monday morning (Apr.25), “There is no mint going on today. It looks like BAYC Instagram was hacked. Do not mint anything, click links, or link your wallet to anything.” Related Stories In response to BAYC’s tweet, a user who goes by the handle @jatuur shared a photo of what the link looked like and it does ...
Ferrum Network integrates with Algorand to advance EVM and AVM interoperability
Ferrum’s integration with Algorand provides for seamless Ethereum Virtual Machine (EVM) and Algorand Virtual Machine (AVM) interoperability. The integration expands Ferrum’s staking-as-a-service solutions onto the Algorand blockchain. Ferrum also plans to launch a multi-chain token bridge for Algorand before the end of Q2, 2022. Ferrum Network, a cryptocurrency network that seeks to help existing blockchain networks address interoperability issues via a suite of multi-chain infrastructure solutions, has announced successful integration with the Algorand blockchain. With this integration, the blockchain interoperability platform’s staking-as-a-service solutions are now accessible to projects in the Algrorand ecosystem. The Ferrum Network announced this via a press release shared...
deadmau5’s 720Mau5 Venture Fund Joins $10.4 Million Raise to Support Future of LimeWire
The music industry and major cryptocurrency institutions are getting behind LimeWire‘s quest to forge a new path. LimeWire, the company synonymous with online piracy, closed up shop a dozen years ago, but under new management, the brand has returned to embark on a new initiative that may just right the wrongs of its past. Limewire’s new mission statement is to “bring digital collectibles to everyone, no matter the budget or the tech-savviness,” the company writes. The advent of Web3 and NFT technology has given LimeWire a new lease on life and—this time around—a means to get artists their fair share of the metaphorical pie. A new funding round led by Arrington Capital, Kraken Ventures, and GSR Ventures has provided the LimeWire team with over $10 million to ex...
Dillian Whyte Announced as Lucky Block Ambassador Days Before Tyson Fury Showdown
DILLIAN WHYTE has been announced as a new ambassador for crypto platform Lucky Block, just days before his heavyweight mega-showdown with Tyson Fury at Wembley Stadium. Lucky Block is a fast-growing crypto platform and kicked off their partnership with Whyte by jetting the heavyweight in a stylish private jet from his traning camp in Portugal to London on Tuesday. Best Fury vs Dillian Whyte Free Bets Betting Sites Highlights Register Dillian Whyte helps Lucky Block become Heavyweight Ahead of the biggest fight of his career and arguably one of the biggest fights in British boxing history, Whyte has been announced as the new ambassador for Lucky Block. The crypto sports game platform are sponsoring the big heavyweight ahead of his Wembley Stadium showdown on Saturday night where he wi...
Interview: RAILGUN – bringing privacy to the Ethereum blockchain
One of the aspects of crypto I have always found the most fascinating is the public nature of the blockchain. The ability to track funds shifting around the world is completely unique. Jump onto Etherscan, and within seconds you will know the balance of any wallet. Of course, there are downsides to this as well, and many a fervent debate occurs within crypto circles (and indeed wider mainstream media) about the proponents and downsides to both the anonymity that crypto offers, but also this publicly trackable ledger that we call the blockchain. Should you really be able to see exactly how much my wallet contains when I send you some ETH? RAILGUN is a decentralised smart contract project which works amongst this sector – dealing with anonymity and privacy on the blockchain. Today, they have...
Tornado Cash says it’s using Chainalysis oracles to block access from OPAC sanctioned addresses
On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department of the Treasury linked North Korean cybercriminal Lazarus Group as an alleged perpetrator for the recent $600 million+ Ronin Bridge exploit. As told by blockchain analytics firm Elliptic, the hackers have sent approximately $80.3 million worth of Ether (ETH) through Tornado Cash. “Maintaining financial privacy is essential to preserving our freedom; however, it should not come at the cost of non-compliance,” said the Tornado Cash team. Tornado Cash is a popular cryptocurrency mixture used to obfuscate the trail of transactions for privacy. The Chainalysis S...
Dirtybird Launches Metaverse Nightclub, Birdhain
Dance music tastemaker Dirtybird is opening the doors to its very own Web3 nightclub, Birdhain, in its own metaverse, Birdyverse. A nod to the famous Berlin nightclub Berghain, it’s 24-7-365 virtual nightclub with DJ sets running every day and night, all year-round. Dirtybird cofounder Claude VonStroke will launch the venue today, April 13th, and will feature DJ sets from the Dirtybird roster, including Nikki Nair, Justin Jay, Mz Worthy and Catz ‘n Dogz, among others. The Birdyverse at large is open to anyone with a cryptocurrency wallet, like MetaMask, but you must hold a Dirtybird Flight Club NFT to enter Birdhain. Once connected, users will be able to roam, chat, explore and interact with the mysterious island, which is shaped like a cracked egg. Dirtybird cofounder Claude V...
North Dakota hopes to double the $3B of clean crypto mining in the state
North Dakota government officials rocked up to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department dropped $35,000 on the trip, saying it expected a return of 20,000% or more from its presence at the conference. The department announced that the state has already secured $3 billion of crypto investment and is close to attracting another $3 billion worth of projects. North Dakota hopes to end its reliance on agriculture and oil by enticing crypto mining companies to set up in the Upper Midwest state. There are no tax breaks or funding as the state is relying on its natural assets. It’s known for cold, dry weather which can help chill out overhea...
Nexo launches crypto card…and you don’t have to sell your coins
Nexo, the digital asset lending institution, today launched the Nexo Card. In a partnership with MasterCard, the crypto-powered card boasts the ability to be used to transact with over 90 million merchants. And the thing that makes it one-of-a-kind? You don’t have to sell your crypto. Which for crypto people, is a very good thing. Keep Your Assets That’s because the Nexo Card is linked to a crypto-backed credit line with Nexo, which starts at 0% APR and is capped at 13.9%. So rather than spending your digital assets, you instead use them as collateral – a pretty neat piece of innovation. Furthermore, the collateral mechanism is dynamic, and you can put up multiple assets against your credit – such as a mix of Bitcoin, Ethereum stablecoins and much more. It’s a product which crypto enthusia...
