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A win-to-earn game providing players with a AAA-quality UE5 visual gaming experience in the vast cyberpunk world.
▪️Mobile release in Oct. in Google Store and after, Appstore & PC.
https://www.youtube.com/channel/UClJkFpuELmTyPBUt8Jj26iw
▪️IDO Date: November, TBA
▪️IDO Model: Secured IDO
▪️Contribution Method: BUSD
▪️Lock +250 POOLZ for guaranteed allocation
Register now for Project Hive IDO:
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S. Korean watchdog goes after crypto whales to ensure AML compliance.
The South Korean regulator noted that popular stablecoins used by the public might become a primary tool for money laundering using digital assets.
South Korea’s financial watchdog, the Financial Services Commission (FSC), will monitor crypto whales with assets of over 100 million won ($70,000) to prevent money laundering efforts using digital assets.
The FSC noted that having a larger proportion of digital assets and stablecoins equates to a higher money laundering risk. Thus, special focus should be placed on monitoring crypto whales with significant digital-asset and stablecoin holdings under the new Anti-Money Laundering guidelines, reported local media.
The report also noted that stablecoins, especially those commonly used by the public, are more likely to be used as a means of crime. The report reads:
“In the case of an independently listed virtual asset, it is possible that it did not meet the listing criteria of other virtual asset operators, and it can be evaluated that the risk of money laundering of virtual asset operators with a high proportion of the virtual asset is high.”
Apart from monitoring crypto whales and their activities, the report also advocates for keeping an eye on retail customers making high-value deposits. Those customers should be monitored for any significant change in holdings every quarter.
“Customers with large virtual asset holdings are at higher risk of money laundering.”
South Korea is known for its strict implementation of crypto-related policies, especially in the wake of the collapse of the Terra ecosystem. Its financial regulators have doubled down on their efforts to ensure investor protection and bring crypto legislation by early 2024.
In August, the chair of FSC said the regulator plans to expedite its review of 13 bills related to digital assets pending in the country’s National Assembly. The aim of the review is to make institutional supplements that will take a balanced approach to blockchain development, investor protection and market stability.
The South Korean regulator noted that popular stablecoins used by the public might become a primary tool for money laundering using digital assets.
South Korea’s financial watchdog, the Financial Services Commission (FSC), will monitor crypto whales with assets of over 100 million won ($70,000) to prevent money laundering efforts using digital assets.
The FSC noted that having a larger proportion of digital assets and stablecoins equates to a higher money laundering risk. Thus, special focus should be placed on monitoring crypto whales with significant digital-asset and stablecoin holdings under the new Anti-Money Laundering guidelines, reported local media.
The report also noted that stablecoins, especially those commonly used by the public, are more likely to be used as a means of crime. The report reads:
“In the case of an independently listed virtual asset, it is possible that it did not meet the listing criteria of other virtual asset operators, and it can be evaluated that the risk of money laundering of virtual asset operators with a high proportion of the virtual asset is high.”
Apart from monitoring crypto whales and their activities, the report also advocates for keeping an eye on retail customers making high-value deposits. Those customers should be monitored for any significant change in holdings every quarter.
“Customers with large virtual asset holdings are at higher risk of money laundering.”
South Korea is known for its strict implementation of crypto-related policies, especially in the wake of the collapse of the Terra ecosystem. Its financial regulators have doubled down on their efforts to ensure investor protection and bring crypto legislation by early 2024.
In August, the chair of FSC said the regulator plans to expedite its review of 13 bills related to digital assets pending in the country’s National Assembly. The aim of the review is to make institutional supplements that will take a balanced approach to blockchain development, investor protection and market stability.
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SNAPY
SNAPY is a next-generation Web3, reward-based social media application that introduces a new ecosystem that merges lifestyle, passion, and user-generated income inside a single mobile application. SNAPY beta is already live and available to download via Apple Test Flight / Google Appstore.
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Fair Launch: https://www.pinksale.finance/launchpad/0xa0f15248e6d1d5cb1dd10cdc50569cbdb3555bff?chain=BSC
Web: https://snapy.photos/
TG: https://t.me/snapyportal
Twitter: https://twitter.com/SnapyPhotos
SNAPY is a next-generation Web3, reward-based social media application that introduces a new ecosystem that merges lifestyle, passion, and user-generated income inside a single mobile application. SNAPY beta is already live and available to download via Apple Test Flight / Google Appstore.
> Simply take a picture
> Add a description
> Post it
> Wait for people to comment or upvote your post.
Revenue Model
- 65% of revenue is rewarded to the content creator
- 25% goes to users voting / sharing on platform
- 10% is fed into the SNAPY ecosystem.
SNAPY Marketing
🎗Bitmart Listing
🎗Press Releases
🎗TikTok Marketing
🎗AMA on Binance 4th Nov
🎗YouTube Campaign
🎗CMC / CG
🎗DEX / AVEDEX Trending
🎗Partnerships with Brands
🎗Much More!
Fair Launch: https://www.pinksale.finance/launchpad/0xa0f15248e6d1d5cb1dd10cdc50569cbdb3555bff?chain=BSC
Web: https://snapy.photos/
TG: https://t.me/snapyportal
Twitter: https://twitter.com/SnapyPhotos
DUBLR
Dublr consists of three things:
🔥 A new fungible token, DUBLR
🔥 A new decentralized exchange (the Dublr DEX)
🔥 A decentralized app for accessing the exchange
Dublr is extremely novel:
🔆 Token distribution is not by ICO or airdrop, but rather tokens are minted on demand, whenever demand outstrips supply below the current mint price.
🔆 The mint price increases exponentially over time, with a doubling time of 90 days. This should produce some interesting market dynamics.
🔆 It is expected (though this should not be taken as a prediction of future performance) that Dublr will transition from minting new coins on the mint price curve to trading with an effectively fixed supply, once sufficient supply has been created and mint price becomes exorbitant.
🔆 The DUBLR token utilizes a new ultra-secure ERC20 implementation, and has passed security audits by two separate auditing companies (Omniscia and SolidProof)
Read the Dublr whitepaper here:
👉🏻 https://docs.google.com/viewer?url=https://github.com/dublr/dublr/raw/main/whitepaper.pdf
To buy/sell DUBLR tokens:
1️⃣ Buy MATIC tokens on an exchange, and transfer via Polygon network to a private wallet (e.g. MetaMask)
2️⃣ Browse to the Dublr dapp: https://dublr.github.io/
3️⃣ Connect the dapp to your wallet, using the blue button near the top
4️⃣ Follow the instructions on the "Buy" and "Sell" tabs
Note that in order to make Dublr safe for use, Dublr goes out of its way to not be classified as a security by US SEC laws, which requires at least the following:
✅ The creator of Dublr minted no tokens for themself (initial supply: 0). All supply will be community-owned. This is unprecedented in the history of fungible tokens.
✅ No promise of profits is given (or can be given) to purchasers of DUBLR tokens, since price is entirely defined by supply vs. demand.
✅ In particular, the name "Dublr" refers only to the growth of the mint price, not to the price at which DUBLR tokens may be sold for (the mint price curve sets only an upper bound on price growth, not a lower bound).
✅ Dublr is launched on the Polygon network, not Ethereum mainnet, since the US SEC Chairman recently declared the entire Ethereum ecosystem to be a security, falling under US jurisdiction.
Dublr consists of three things:
🔥 A new fungible token, DUBLR
🔥 A new decentralized exchange (the Dublr DEX)
🔥 A decentralized app for accessing the exchange
Dublr is extremely novel:
🔆 Token distribution is not by ICO or airdrop, but rather tokens are minted on demand, whenever demand outstrips supply below the current mint price.
🔆 The mint price increases exponentially over time, with a doubling time of 90 days. This should produce some interesting market dynamics.
🔆 It is expected (though this should not be taken as a prediction of future performance) that Dublr will transition from minting new coins on the mint price curve to trading with an effectively fixed supply, once sufficient supply has been created and mint price becomes exorbitant.
🔆 The DUBLR token utilizes a new ultra-secure ERC20 implementation, and has passed security audits by two separate auditing companies (Omniscia and SolidProof)
Read the Dublr whitepaper here:
👉🏻 https://docs.google.com/viewer?url=https://github.com/dublr/dublr/raw/main/whitepaper.pdf
To buy/sell DUBLR tokens:
1️⃣ Buy MATIC tokens on an exchange, and transfer via Polygon network to a private wallet (e.g. MetaMask)
2️⃣ Browse to the Dublr dapp: https://dublr.github.io/
3️⃣ Connect the dapp to your wallet, using the blue button near the top
4️⃣ Follow the instructions on the "Buy" and "Sell" tabs
Note that in order to make Dublr safe for use, Dublr goes out of its way to not be classified as a security by US SEC laws, which requires at least the following:
✅ The creator of Dublr minted no tokens for themself (initial supply: 0). All supply will be community-owned. This is unprecedented in the history of fungible tokens.
✅ No promise of profits is given (or can be given) to purchasers of DUBLR tokens, since price is entirely defined by supply vs. demand.
✅ In particular, the name "Dublr" refers only to the growth of the mint price, not to the price at which DUBLR tokens may be sold for (the mint price curve sets only an upper bound on price growth, not a lower bound).
✅ Dublr is launched on the Polygon network, not Ethereum mainnet, since the US SEC Chairman recently declared the entire Ethereum ecosystem to be a security, falling under US jurisdiction.
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✔️ Token Summary
✅ 0% Buy Tax, 4% Sell Tax
✅ 0 Unlocked Tokens
✅ No Private Sale
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✅ KYC by SolidProof
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Trade tokens at the Best Rates in DeFi
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ℹ️Official links
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🔥Kyber Network is a multi-chain crypto trading and liquidity hub that connects liquidity from different sources to enable trades at the best rates .
Swap📊
Swap tokens instantly at the best rates, with the best UX. Liquidity is aggregated from multiple DEX protocols, including Kyber pools.
Earn💰
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Govern🧑💻
Stake KNC tokens to vote on governance proposals and earn KNC rewards from trading fees.
Build⚒
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Kyber’s technology connects the deepest crypto liquidity from diverse sources to provide the best rates and maximize returns for everyone.
ℹ️Official links
Website | Twitter | Discord | Medium
UK bank Starling bans crypto-related purchases and deposits citing high risk.
Starling has banned its customers from purchasing cryptocurrencies with their bank cards or receiving transfers from crypto merchants.
Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders.
Starling customers will no longer be able to purchase cryptocurrencies like Bitcoin or receive incoming transfers from crypto exchanges or merchants.
The online bank announced the news in a statement to customers as well as on Twitter, citing the perceived high risks of crypto trading.
The bank also described cryptocurrencies as “high risk and heavily used for criminal purposes.”
A spokesperson for Starling told Cointelegraph that the bank has had restrictions of “varying degrees” on transactions related to cryptocurrency for some time. “We recently tightened restrictions on inbound and outbound transactions by card and bank transfer,” the representative stated, adding:
"The innovative technology, and thinking, behind cryptocurrencies have great potential advantages, however, right now, they are high risk and heavily used for criminal purposes and, as such, we no longer support them."
The bank’s measures come amid the ongoing industry scandal involving FTX, one of the world’s biggest crypto exchanges that allegedly misappropriated user funds with its sister firm Alameda. According to FTX’s bankruptcy filing, the firm owes more than $3 billion to its 50 biggest creditors, while the total amount of creditors reportedly numbers over 1 million investors.
Some members of the crypto community believe that some restrictions on crypto activity by banks seem reasonable but a blanket ban is not the best solution.
“While it is understandable to block individual transactions that banks believe are outright fraud, banning legitimate transactions involving an entire industry is unacceptable,” SovrynBTC argued in a tweet on Thursday. The crypto enthusiast also asked why banks do not care about many other types of risky transactions by their customers, including trading stocks or gambling.
Starling has banned its customers from purchasing cryptocurrencies with their bank cards or receiving transfers from crypto merchants.
Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders.
Starling customers will no longer be able to purchase cryptocurrencies like Bitcoin or receive incoming transfers from crypto exchanges or merchants.
The online bank announced the news in a statement to customers as well as on Twitter, citing the perceived high risks of crypto trading.
The bank also described cryptocurrencies as “high risk and heavily used for criminal purposes.”
A spokesperson for Starling told Cointelegraph that the bank has had restrictions of “varying degrees” on transactions related to cryptocurrency for some time. “We recently tightened restrictions on inbound and outbound transactions by card and bank transfer,” the representative stated, adding:
"The innovative technology, and thinking, behind cryptocurrencies have great potential advantages, however, right now, they are high risk and heavily used for criminal purposes and, as such, we no longer support them."
The bank’s measures come amid the ongoing industry scandal involving FTX, one of the world’s biggest crypto exchanges that allegedly misappropriated user funds with its sister firm Alameda. According to FTX’s bankruptcy filing, the firm owes more than $3 billion to its 50 biggest creditors, while the total amount of creditors reportedly numbers over 1 million investors.
Some members of the crypto community believe that some restrictions on crypto activity by banks seem reasonable but a blanket ban is not the best solution.
“While it is understandable to block individual transactions that banks believe are outright fraud, banning legitimate transactions involving an entire industry is unacceptable,” SovrynBTC argued in a tweet on Thursday. The crypto enthusiast also asked why banks do not care about many other types of risky transactions by their customers, including trading stocks or gambling.
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FTX miniseries gets go ahead, covering the ‘most brazen frauds ever committed’.
The Russo’s are reported to have said that FTX “is one of the most brazen frauds ever committed” in their reasoning for wanting to create the show.
An eight-episode limited series exploring the unraveling and scandals behind sunken crypto exchange FTX and its leadership is slated to begin production soon.
The series has been purchased by technology conglomerate Amazon and will likely air on Amazon’s video streaming service Prime.
It’s understood to be based on “insider reporting” from journalists covering FTX and its founder Sam Bankman-Fried, according to a Nov. 23 report from the entertainment magazine Variety.
Brothers Joe and Anthony Russo, famed for directing Avengers: Endgame and multiple other Marvel-owned movies, are reported to have sold the idea to Amazon and are slated to direct the mini-series.
Details are sparse with what direction the series will take, the source material it will draw from, and what time period and people it will focus on, with all of it still kept under wraps for the time being.
In their reason for pursuing a series on the FTX story, the Russos brothers told Variety what happened with the exchange “is one of the most brazen frauds ever committed,” and opined on Bankman-Fried:
“At the center of it all sits an extremely mysterious figure with complex and potentially dangerous motivations. We want to understand why.”
Amazon is slated to start producing the show as early as March 2023, and while the characters and the actors who will play them are unknown, it’s reported the Russos are in discussions with prior Marvel actors they’ve worked with to fill the main roles.
The idea for FTX-inspired movies akin to The Big Short and the Wolf of Wall Street has already been joked around on Twitter over a week ago, with some members of the community already taking the initiative to cast who would play Sam Bankman-Fried, Alameda CEO Caroline Ellison, Binance CEO Changpeng Zhao and other related players, such as Terra’s Do Kwon.
One Twitter user pitched the idea of FTX THE MOVIE on Nov. 12, selecting Wolf of Wall Street’s Jonah Hill to play Bankman-Fried, while comedian Jimmy O. Yang could play Changpeng Zhao.
The Russo’s are reported to have said that FTX “is one of the most brazen frauds ever committed” in their reasoning for wanting to create the show.
An eight-episode limited series exploring the unraveling and scandals behind sunken crypto exchange FTX and its leadership is slated to begin production soon.
The series has been purchased by technology conglomerate Amazon and will likely air on Amazon’s video streaming service Prime.
It’s understood to be based on “insider reporting” from journalists covering FTX and its founder Sam Bankman-Fried, according to a Nov. 23 report from the entertainment magazine Variety.
Brothers Joe and Anthony Russo, famed for directing Avengers: Endgame and multiple other Marvel-owned movies, are reported to have sold the idea to Amazon and are slated to direct the mini-series.
Details are sparse with what direction the series will take, the source material it will draw from, and what time period and people it will focus on, with all of it still kept under wraps for the time being.
In their reason for pursuing a series on the FTX story, the Russos brothers told Variety what happened with the exchange “is one of the most brazen frauds ever committed,” and opined on Bankman-Fried:
“At the center of it all sits an extremely mysterious figure with complex and potentially dangerous motivations. We want to understand why.”
Amazon is slated to start producing the show as early as March 2023, and while the characters and the actors who will play them are unknown, it’s reported the Russos are in discussions with prior Marvel actors they’ve worked with to fill the main roles.
The idea for FTX-inspired movies akin to The Big Short and the Wolf of Wall Street has already been joked around on Twitter over a week ago, with some members of the community already taking the initiative to cast who would play Sam Bankman-Fried, Alameda CEO Caroline Ellison, Binance CEO Changpeng Zhao and other related players, such as Terra’s Do Kwon.
One Twitter user pitched the idea of FTX THE MOVIE on Nov. 12, selecting Wolf of Wall Street’s Jonah Hill to play Bankman-Fried, while comedian Jimmy O. Yang could play Changpeng Zhao.
Binance CEO explains 127K BTC transfer, points at proof-of-reserve audit.
A few weeks ago, Binance CEO declared that exchanges moving large amounts of crypto to prove their wallet address is not good news.
Cryptocurrency exchange Binance is moving large amounts of cryptocurrency as part of its proof-of-reserve (PoR) audits, according to the CEO.
Binance sent 127,351 Bitcoin, or more than $2 billion, to an unknown wallet on Nov. 28, Whale Alert reported on Monday. According to on-chain data, the transaction occurred at 10:00 am UTC, costing Binance just a 0.000026 BTC fee.
The huge Bitcoin transaction has immediately triggered some FUD in the community, with many noting that Binance has moved an amount that is an entire fortune in one single transaction.
Binance CEO Changpeng Zhao subsequently took to Twitter to announce that the massive transaction is part of Binance’s PoR audit process. He also called the community to keep calm and ignore the FUD, stating:
“The auditor requires us to send a specific amount to ourselves to show we control the wallet. And the rest goes to a change address, which is a new address. In this case, the input tx is big, and so is the change."
The CEO also referred to an old post on Twitter that he posted four years ago, calling on the crypto community to “learn about blockchain transactions” and “change addresses.”
“We will be moving some funds between our cold wallets. A tell tale sign of a new cold wallet on Binance is two small transfers from and back an existing wallet, then a large transaction. No need to be alarmed,” Zhao wrote in a tweet in October 2018.
In response to growing FUD in his comments, Binance CEO posted another tweet, arguing that investors that “believe FUD all the time,” are also “likely to be poor.”
The latest Binance transaction has apparently raised eyebrows of investors as Zhao himself declared that exchanges moving large amounts of crypto to prove their wallet address is not good news. On Nov. 13, Zhao wrote on Twitter the following statement:
“If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away. Stay SAFU.”
A few weeks ago, Binance CEO declared that exchanges moving large amounts of crypto to prove their wallet address is not good news.
Cryptocurrency exchange Binance is moving large amounts of cryptocurrency as part of its proof-of-reserve (PoR) audits, according to the CEO.
Binance sent 127,351 Bitcoin, or more than $2 billion, to an unknown wallet on Nov. 28, Whale Alert reported on Monday. According to on-chain data, the transaction occurred at 10:00 am UTC, costing Binance just a 0.000026 BTC fee.
The huge Bitcoin transaction has immediately triggered some FUD in the community, with many noting that Binance has moved an amount that is an entire fortune in one single transaction.
Binance CEO Changpeng Zhao subsequently took to Twitter to announce that the massive transaction is part of Binance’s PoR audit process. He also called the community to keep calm and ignore the FUD, stating:
“The auditor requires us to send a specific amount to ourselves to show we control the wallet. And the rest goes to a change address, which is a new address. In this case, the input tx is big, and so is the change."
The CEO also referred to an old post on Twitter that he posted four years ago, calling on the crypto community to “learn about blockchain transactions” and “change addresses.”
“We will be moving some funds between our cold wallets. A tell tale sign of a new cold wallet on Binance is two small transfers from and back an existing wallet, then a large transaction. No need to be alarmed,” Zhao wrote in a tweet in October 2018.
In response to growing FUD in his comments, Binance CEO posted another tweet, arguing that investors that “believe FUD all the time,” are also “likely to be poor.”
The latest Binance transaction has apparently raised eyebrows of investors as Zhao himself declared that exchanges moving large amounts of crypto to prove their wallet address is not good news. On Nov. 13, Zhao wrote on Twitter the following statement:
“If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away. Stay SAFU.”
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FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in.
As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra.
United States federal prosecutors have reportedly begun investigating whether the collapse of the Terra ecosystem was in fact triggered by market manipulation tactics by former FTX CEO Sam Bankman-Fried.
According to a Dec. 7 report from The New York Times (NYT), the prosecutors — as part of a broader inquiry into FTX’s own collapse — are investigating whether Bankman-Fried’s empire intentionally caused a flood of “sell” orders on Terra’s algorithmic stablecoin TerraUSD Classic (USTC), formerly TerraUSd (UST).
The sudden increase in UST sell orders were said to make it difficult to match them with corresponding “buy” orders, which in turn forced more downward price pressure on UST, causing it to depeg from its intended 1:1 ratio with the U.S. dollar.
The events also led to the fall of Terra’s native token, Terra Classic (LUNC), formerly LUNA, as the two cryptocurrencies were designed to be linked.
But while no one has been able to precisely determine the root cause behind the collapse of LUNC and USTC in May, it is known that the majority of the USTC sell orders came from Bankman-Fried’s trading firm Alameda research, according to the NYT.
A person with knowledge on the matter also told NYT that Alameda Researched also placed a big bet on the price of LUNC falling.
Like with most comments Bankman-Fried has shared since FTX’s collapse, the former CEO claimed that he was “not aware of any market manipulation and certainly never intended to engage in market manipulation,” according to NYT.
“To the best of my knowledge, all transactions were for investment or for hedging,” he added.
Responding to the recent report, Terraform Labs CEO Do Kwon shared his thoughts on the matter to his 1 million Twitter followers in a Nov. 8 tweet, who suggested it was time for Genesis Trading come clean about an alleged $1 billion loan in UST to “SBF or Alameda” shortly before Kwon’s Terra ecosystem crashed.
Kwon also stated that a large currency contraction that UST underwent in Feb. 2021 was started by Alameda “when they sold 500mm UST in minutes to drain its curve pools during the MIM crisis.”
As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra.
United States federal prosecutors have reportedly begun investigating whether the collapse of the Terra ecosystem was in fact triggered by market manipulation tactics by former FTX CEO Sam Bankman-Fried.
According to a Dec. 7 report from The New York Times (NYT), the prosecutors — as part of a broader inquiry into FTX’s own collapse — are investigating whether Bankman-Fried’s empire intentionally caused a flood of “sell” orders on Terra’s algorithmic stablecoin TerraUSD Classic (USTC), formerly TerraUSd (UST).
The sudden increase in UST sell orders were said to make it difficult to match them with corresponding “buy” orders, which in turn forced more downward price pressure on UST, causing it to depeg from its intended 1:1 ratio with the U.S. dollar.
The events also led to the fall of Terra’s native token, Terra Classic (LUNC), formerly LUNA, as the two cryptocurrencies were designed to be linked.
But while no one has been able to precisely determine the root cause behind the collapse of LUNC and USTC in May, it is known that the majority of the USTC sell orders came from Bankman-Fried’s trading firm Alameda research, according to the NYT.
A person with knowledge on the matter also told NYT that Alameda Researched also placed a big bet on the price of LUNC falling.
Like with most comments Bankman-Fried has shared since FTX’s collapse, the former CEO claimed that he was “not aware of any market manipulation and certainly never intended to engage in market manipulation,” according to NYT.
“To the best of my knowledge, all transactions were for investment or for hedging,” he added.
Responding to the recent report, Terraform Labs CEO Do Kwon shared his thoughts on the matter to his 1 million Twitter followers in a Nov. 8 tweet, who suggested it was time for Genesis Trading come clean about an alleged $1 billion loan in UST to “SBF or Alameda” shortly before Kwon’s Terra ecosystem crashed.
Kwon also stated that a large currency contraction that UST underwent in Feb. 2021 was started by Alameda “when they sold 500mm UST in minutes to drain its curve pools during the MIM crisis.”
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Boundless world is an open source project that was launched on the platform of BNB smart chain and operates in the fields of ✔️NFT, ✔️Web3,✔️Exchange, ✔️App, ✔️Media, ✔️Gaming, ✔️Metaverse, ✔️Artificial intelligence.
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Boundless world is an open source project that was launched on the platform of BNB smart chain and operates in the fields of ✔️NFT, ✔️Web3,✔️Exchange, ✔️App, ✔️Media, ✔️Gaming, ✔️Metaverse, ✔️Artificial intelligence.
⚪️ Token Information
🔹 Token Name: Boundlessworld
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Nomad Bridge Prepares Relaunch Plan After $190 Million Exploit – Partial Refunds for Users?
Cross-chain messaging protocol Nomad, which was exploited for $190 million back in August, is preparing to relaunch and provide partial refunds to affected users.
In a recent blog post, the Nomad protocol team announced that the project had upgraded the Nomad protocol to fix the vulnerability that caused the hack and to allow users to bridge back madAssets and access a pro-rata share of recovered funds.
The team added that they implemented a redesign for the token bridge and the “first people to bridge back their madAssets would receive canonical tokens on a one-to-one basis until there were no canonical tokens left.”
Furthermore, the team has implemented protocol changes to give users the ability to bridge back and access a pro-rata share of recovered funds, ensure the tokens accessed from bridging back are in the original token and provide a mechanism for impacted users to access future recovered funds.
"Given the scope of these changes, a full audit of the smart contracts was completed along with an additional re-review of any remediations with our auditors. We expect to be able to share a summary of the audit publicly in the upcoming weeks," the team said.
Meanwhile, users need to complete the Know Your Customer (KYC) verification process via CoinList in order to apply for reimbursements. Nomad has said that the process is crucial in order to verify the payments adhere to the compliance norms.
Users will get an NFT that accounts for the proportional share of recovered funds on Ethereum after completing the KYC process. Moreover, the NFTs are non-transferable and will allow users to receive the remaining funds that are recovered in the future.
As reported, Nomad, which allows users to send and receive tokens between different blockchains, was drained of around $190 million earlier this year after experiencing a security exploit that allowed bad actors to spoof messages.
At the time, Sam Sun, Head of Security at Paradigm, the hack was possible because "the Nomad team initialized the trusted root to be 0x00" during an upgrade, which had the "side effect of auto-proving every message."
"This is why the hack was so chaotic - you didn't need to know about Solidity or Merkle Trees or anything like that," Sun added. "All you had to do was find a transaction that worked, find/replace the other person's address with yours, and then re-broadcast it."
Cross-chain messaging protocol Nomad, which was exploited for $190 million back in August, is preparing to relaunch and provide partial refunds to affected users.
In a recent blog post, the Nomad protocol team announced that the project had upgraded the Nomad protocol to fix the vulnerability that caused the hack and to allow users to bridge back madAssets and access a pro-rata share of recovered funds.
The team added that they implemented a redesign for the token bridge and the “first people to bridge back their madAssets would receive canonical tokens on a one-to-one basis until there were no canonical tokens left.”
Furthermore, the team has implemented protocol changes to give users the ability to bridge back and access a pro-rata share of recovered funds, ensure the tokens accessed from bridging back are in the original token and provide a mechanism for impacted users to access future recovered funds.
"Given the scope of these changes, a full audit of the smart contracts was completed along with an additional re-review of any remediations with our auditors. We expect to be able to share a summary of the audit publicly in the upcoming weeks," the team said.
Meanwhile, users need to complete the Know Your Customer (KYC) verification process via CoinList in order to apply for reimbursements. Nomad has said that the process is crucial in order to verify the payments adhere to the compliance norms.
Users will get an NFT that accounts for the proportional share of recovered funds on Ethereum after completing the KYC process. Moreover, the NFTs are non-transferable and will allow users to receive the remaining funds that are recovered in the future.
As reported, Nomad, which allows users to send and receive tokens between different blockchains, was drained of around $190 million earlier this year after experiencing a security exploit that allowed bad actors to spoof messages.
At the time, Sam Sun, Head of Security at Paradigm, the hack was possible because "the Nomad team initialized the trusted root to be 0x00" during an upgrade, which had the "side effect of auto-proving every message."
"This is why the hack was so chaotic - you didn't need to know about Solidity or Merkle Trees or anything like that," Sun added. "All you had to do was find a transaction that worked, find/replace the other person's address with yours, and then re-broadcast it."
Australian 'token mapping' consultation paper to release in early 2023: Treasurer.
The consultation paper will give an insight into how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under token mapping.
Australian Treasurer Jim Chalmers has revealed that the government will release a consultation paper in early 2023 as part of its token mapping initiative.
The crypto sector has received greater attention from Australian regulatory and enforcement agencies since the FTX implosion, with the government emphasizing the importance of providing greater consumer protection laws as soon as possible.
In a Dec. 14 statement, Chalmers noted that the Anthony Albanese-led government is “taking action to improve the regulation of crypto service providers and ensure additional safeguards for Australians.”
As part of that process, Chalmers revealed the consultation paper will cover how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under its previously announced token mapping exercise.
“The next steps in the Government’s ongoing ‘token mapping’ work will include the release of a consultation paper in early 2023 to inform what digital assets should be regulated by financial services laws, and the development of appropriate custody and licensing settings to safeguard consumers.”
“Following the release of token mapping, the Government will consult on a custody and licensing framework next year before introducing legislation,” he added.
The latest comments from Chalmers add to a promise from the Treasury in mid-November that it will develop and enact a robust regulatory framework for crypto in 2023.
The focus on crypto is also part of a push to “modernize Australia’s financial system,” with the government set reform regulations on financial market infrastructure — particularly in relation to the Australian Securities Exchange's clearing system, payments systems and the buy now, pay later sector.
Australia’s government has been largely pro-crypto but has reiterated the importance of allowing for innovation while keeping the public safe.
On Dec. 8, the Reserve Bank of Australia published a stablecoin-focused report that suggested regulators are “undertaking significant work” figuring out how to safely integrate them into the financial ecosystem.
The consultation paper will give an insight into how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under token mapping.
Australian Treasurer Jim Chalmers has revealed that the government will release a consultation paper in early 2023 as part of its token mapping initiative.
The crypto sector has received greater attention from Australian regulatory and enforcement agencies since the FTX implosion, with the government emphasizing the importance of providing greater consumer protection laws as soon as possible.
In a Dec. 14 statement, Chalmers noted that the Anthony Albanese-led government is “taking action to improve the regulation of crypto service providers and ensure additional safeguards for Australians.”
As part of that process, Chalmers revealed the consultation paper will cover how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under its previously announced token mapping exercise.
“The next steps in the Government’s ongoing ‘token mapping’ work will include the release of a consultation paper in early 2023 to inform what digital assets should be regulated by financial services laws, and the development of appropriate custody and licensing settings to safeguard consumers.”
“Following the release of token mapping, the Government will consult on a custody and licensing framework next year before introducing legislation,” he added.
The latest comments from Chalmers add to a promise from the Treasury in mid-November that it will develop and enact a robust regulatory framework for crypto in 2023.
The focus on crypto is also part of a push to “modernize Australia’s financial system,” with the government set reform regulations on financial market infrastructure — particularly in relation to the Australian Securities Exchange's clearing system, payments systems and the buy now, pay later sector.
Australia’s government has been largely pro-crypto but has reiterated the importance of allowing for innovation while keeping the public safe.
On Dec. 8, the Reserve Bank of Australia published a stablecoin-focused report that suggested regulators are “undertaking significant work” figuring out how to safely integrate them into the financial ecosystem.
Crowdfunding gets leg up from Lightning Addresses on Bitcoin.
Lightning Addresses allow individuals to crowdfund on Bitcoin at the speed of the Lightning Network and without a node.
The Lightning Network strikes again. In a small yet significant development for Bitcoin, a new type of BTC address has been introduced: the “Lightning Address.” These unique identifiers are specifically designed for use on the Lightning Network, a layer-2 payment protocol that operates on top of the Bitcoin blockchain.
A user-friendly addition to ways in which Bitcoin users can send, receive and even raise money, Lightning addresses can be custodial, or users can connect to their own nodes. Crowdfunding is among the most popular real-world use for Lightning Addresses.
Cointelegraph spoke to MetaMick, the chief executive officer of Geyser Fund, and Stelios Rammos, CTO, to better understand how to use Lighting Addresses and why crowdfunding is a low-hanging fruit for this technology. Geyser Fund is a crowdfunding platform similar to GoFundme but using Bitcoin and Lightning.
Lightning Addresses are “Email-like identifiers that make it possible for users to send value to each other via lightning. They are easy to memorize and are reusable (unlike bolt11 lightning addresses),” explained MetaMick, the chief technology officer of Geyser Fund. Cointelegraph tried out the service and managed to raise money in no time:
First developed by Andre Neves and Fiatjaf (the developer behind Nostr), Lightning wallet addresses can be created on custodial solutions such as Wallet of Satoshi, CoinCorner or BitRefill, and quickly synced to Geyser Fund:
“You just link up your wallet to Geyser, and all donations go through directly in your wallet.”
Crowdfunding has long been an area of Bitcoin and cryptocurrency interest. Thanks to Bitcoin's censorship-resistant and self-sovereign properties, it is one of the most efficient ways of sending money online.
The first widespread use case for using Bitcoin to raise money was the 2011 Wikileaks campaign, where Julian Assange raised thousands of Bitcoin when access to banking services was cut off.
Lightning Addresses allow individuals to crowdfund on Bitcoin at the speed of the Lightning Network and without a node.
The Lightning Network strikes again. In a small yet significant development for Bitcoin, a new type of BTC address has been introduced: the “Lightning Address.” These unique identifiers are specifically designed for use on the Lightning Network, a layer-2 payment protocol that operates on top of the Bitcoin blockchain.
A user-friendly addition to ways in which Bitcoin users can send, receive and even raise money, Lightning addresses can be custodial, or users can connect to their own nodes. Crowdfunding is among the most popular real-world use for Lightning Addresses.
Cointelegraph spoke to MetaMick, the chief executive officer of Geyser Fund, and Stelios Rammos, CTO, to better understand how to use Lighting Addresses and why crowdfunding is a low-hanging fruit for this technology. Geyser Fund is a crowdfunding platform similar to GoFundme but using Bitcoin and Lightning.
Lightning Addresses are “Email-like identifiers that make it possible for users to send value to each other via lightning. They are easy to memorize and are reusable (unlike bolt11 lightning addresses),” explained MetaMick, the chief technology officer of Geyser Fund. Cointelegraph tried out the service and managed to raise money in no time:
First developed by Andre Neves and Fiatjaf (the developer behind Nostr), Lightning wallet addresses can be created on custodial solutions such as Wallet of Satoshi, CoinCorner or BitRefill, and quickly synced to Geyser Fund:
“You just link up your wallet to Geyser, and all donations go through directly in your wallet.”
Crowdfunding has long been an area of Bitcoin and cryptocurrency interest. Thanks to Bitcoin's censorship-resistant and self-sovereign properties, it is one of the most efficient ways of sending money online.
The first widespread use case for using Bitcoin to raise money was the 2011 Wikileaks campaign, where Julian Assange raised thousands of Bitcoin when access to banking services was cut off.
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