🚀🚀Wombat Dungeon Master

Dungeon Master takes you to the other side of adventures! This time, YOU are in charge of a dungeon and rewards, sending cute wombats on perilous quests.

✅Hide NFT loot and open your dungeons for the wombats to lurk around and seek it. The bigger is the mining power of hidden NFTs, the more points the wombats will get. It is in your best interest, Dungeon Master, that they earn a lot — these points translate into your crypto rewards at the end of each season!

✅Build on your LAND.
Powered by LAND NFTs, your dungeon provably belongs to yourself and no one else. You can start running a dungeon with only a 3x3 LAND patch. First available on WAX and Polygon.

✅ Game Page: https://dungeon.wombat.app/

✅They are doing a land drop on WAX on Dec, 29th.

Note: The land sale is conducted on the whitelist basis. They will have contests for those, but you can get WL if you have at least 50k WOMBAT tokens staked, either on WAX or Polygon.

💠Important links:
💠Website: https://www.wombat.app/dungeon-worlds
💠Game Page: https://dungeon.wombat.app/
💠Whitepaper:https://whitepaper.wombat.app/dungeon-worlds-whitepaper/
💠WL form: https://forms.gle/6sm6RxUh7Q56YBKi9
💠Staking page: https://staking.wombat.app/wax

VELHALLA 🔥

🌐 Velhalla is a metaverse like no other! It allows its users to immerse themselves in a new universe, driven by the groundbreaking Velas blockchain, where they can perform a wide range of actions, purchase and sell virtual pieces of land, outfit highly detailed characters and much more!

⚔️Velhalla built for speed, which has just been fast-tracked into Velas’ $100 million grant program, will bring an ease of use, efficiency, and unique look and flair to the crypto metaverse market.

🤯Velhalla is the definitive FIRST MOVER METAVERSE in the Velas ecosystem! Don't miss this once in a lifetime opportunity!

👉Learn more about Velhalla: Medium

#VELHALLA OFFICIAL LINKS
🌍Website: Official Website
📢Telegram Official: Velhalla Official Channel

📣 Gold and BTC are both stores of value, says billionaire Mark Cuban

Mark Cuban, billionaire entrepreneur and owner of Dallas Mavericks, mocks gold buyers stating they are “dumb as f***” and confessed his love for bitcoin.Mark Cuban said he sees gold and bitcoin as important stores of value.

Cuban also claimed he wouldn’t mind if bitcoin went down further. He explained that he sees any crash in crypto prices as an opportunity to accumulate. However, despite owning some BTC, Cuban admitted that it did not make up a greater part of his portfolio. Cuban went on to dismiss Maher on stage when he learned the host was using gold as a hedge.

VAULTEUM Subscription - #SAFU #AUDIT #KYC

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PINKSALE SUBSCRIPTION SALE:
https://www.pinksale.finance/launchpad/0xD9B3E11A112F042F9B11a90128fE59338d738113?chain=BSC

Telegram: https://t.me/VaulteumOfficial
Twitter: https://twitter.com/vaulteum
Website: https://vaulteum.io/

From the heart of the desert of United Arab Emirates and the Kingdom of Saudi Arabia

Website : https://arabianknightsnft.com

Knights Of The Desert : https://rarible.com/knightsofthedesert/items

Telegram Channel : https://t.me/arabianknightsnft

Justin Sun Rejected The News Huobi Will Lay Off 40% Of Its Workforce In 2023

Huobi’s recent company has been performing very well, according to Justin Sun, Huobi’s global consultant, and it is a vital phase of development. Huobi intends to cancel the year-end bonus and reduce the team size from 1,200 to 600 to 800 personnel, as well as renegotiate the wage structure of high-paid staff.

Huobi, on the other hand, refuted the report. “The Huobi layoff plan shared by the media is incorrect,” stated Huobi’s global consultant Justin Sun in an internal response. It is difficult to survive a bear market, yet Huobi has done it. The bear market is on fire. Huobi’s business has been growing exceptionally well recently, and its daily new arrivals have risen to the top of the industry. It is a vital development era, and I believe it will be even better in 2023.”.

​​🚀Artyfact airdrop

✔️ Audit: CertiK

🏆 Task: ➕ 3 BUSD for 530 random participants each.

👨‍👩‍👧 Referral: ➕ 1100 BUSD for top 15 referrers.

➡️ Airdrop bot for Artyfact

↪️ Join Artyfact Telegram group & Telegram channel.
↪️ Follow Artyfact on Twitter, like and retweet the pinned post.
↪️ Subscribe to Artyfact Discord channel.
↪️ Enter your information to the airdrop bot.

🔐 All airdrop steps should be completed.

✏️ Notes: Airdrop will end on January 25, 2022. Total airdrop pool is 2990 BUSD. 30 participants from Discord channel will be selected randomly to get an extra reward of 10 BUSD. Top 15 referrers will be rewarded as follows;

1st place: 325 BUSD
2nd place: 200 BUSD
3rd place: 150 BUSD
4th place: 100 BUSD
5th place: 75 BUSD
6th to 15th place: 25 BUSD each.

ℹ️ Distribution date: January 25, 2023.

​​$3.9 billion lost in the cryptocurrency market in 2022.

The report from Immunefi revealed hacks to have been the main cause of related losses.

Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022.

According to the report, hacks were found to be the main cause of the losses, accounting for 95.6% of the total, with fraud, scams, and rug pulls comprising the remaining 4.4%. Immunefi also found that decentralized finance (DeFi) was the most targeted sector, suffering 80.5% in losses, compared to centralized finance (CeFi) which suffered a loss of 19.5%. According to the report:

“DeFi has suffered $3,180,023,103 in total losses in 2022, across 155 incidents. This number represents a 56.2% increase compared to 2021, when DeFi lost $2,036,015,896, in 107 incidents.”

BNB and Ethereum were the most targeted chains, with BNB Chain surpassing Ethereum to become the most targeted in 2022. In Q4 of 2022, the industry suffered losses of approximately 1.6 billion dollars, with DeFi being the main target at 57.6% and CeFi at 42.4%.

“By proactively identifying and addressing vulnerabilities, we can protect the community from harm and build trust in the field. As we make the industry safer, everything else can flourish.”

On Jan 5th, Cointelegraph reported in the Finance Redefined newsletter that December DeFi exploits were the lowest in 2022, according to on-chain monitoring and bug bounty company, CertiK. It appears cryptocurrency hackers and exploiters may have slowed down for the 2022 holidays.

In December 2022, $62 million worth of funds were stolen from decentralized finance (DeFi) protocols. Although this figure was lower than in previous months, cybersecurity experts warned that the ecosystem will not see a decrease in exploits, flash loans, or exit scams in 2023.

DCG Has Shut Down A $3.5 Billion Asset Management

DCG has shut down its wealth management division, citing the prolonged crypto winter that is hampering business operations, according to The Infomation. Before that, HQ had more than $3.5 billion in assets under management.

It is known that the management division of Genesis’ parent company is called HQ. Prior to the announcement of the closure, the business also had more than $3.5 billion in assets under management, as of December 2022. The business served as a bridge to Grayscale products in offering Investment advice for clients. HQ operates anonymously, so not much information is currently available about this company.

📣 Cosmos-based e-Money discontinues euro-backed stablecoin

Cosmos-based electronic payment system e-Money has stopped issuing its euro-backed stablecoin EEUR citing bear market conditions. They can exchange their tokens for USDC or Cosmos-native assets like atom and osmo.

Customers who wish to redeem amounts larger than 100,000 EEUR can do so directly for euros, the announcement added. These users will have to pass through customer identification checks and the process will take up to five business days. e-Money stated that unwinding its stablecoin project was a difficult decision. “Given the current market conditions, that effort has unfortunately reached a stage where it is prudent and responsible to wind it down,” the project stated.

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Website | Telegram | Telegram Contest Channel | Twitter

💥💥Welcome to the ATE token launch event.💥💥
👑👑👑Awaken The Empire Private Sale 👑👑👑
Awaken The Empire is a trading card game (TCG), also called a collectible card game (CCG) developed on the Binance Smart Chain (BSC) platform. The game faithfully represents the awakening of empires with a compelling story, and beautiful graphics, and together with the power of Web3 creates a metaverse environment with a perfect and different experience from regular games.

Token Name: Awaken The Empire
Ticker: ATE
Network: Binance Smart Chain
Token Standard: BEP-20
Total Supply: 2,500,000,000
📑Contract: 0x2Eb8F11eF8C2Fc9F96EB5f13f30d83e8dCf70A46
🏤Audit: Coinsult
https://github.com/Coinsult/solidity/blob/main/Coinsult_Awaken_The_Empire_0x2E...0A46_Audit.pdf

🔥 Benefits of owning $ATE
✅ Buy items with priority price
✅ Strong marketing plan PRE and POST Project
✅ CMC & CGK Listing when IEO
✅️ Metaverse implementation coming
✅ Swap, rewards for playing games
✅ Stable APR Staking Ready
✅ Minimizing inflation, Bringing stable value to Holder
✅ Discount when using $ATE to buy lottery

Telegram: https://t.me/awakentheempire_official
Twitter: https://twitter.com/ATE_GameNFT
Website: https://awakentheempire.io/

New MetaMask Product Will Include Liquid Staking Through Lido and Rocket Pool

The MetaMask Product news comes just two months before an Ethereum upgrade that will allow users to withdraw their staked ETH. Staking with Lido and Rocket Pool includes depositing one’s ether into a smart contract on the blockchain, which will pay out profits.

The new Metamask product launch is just in time for Ethereum‘s pivotal Shanghai update, which will soon allow users to withdraw ether (ETH) they have staked to help secure the network, popular wallet provider MetaMask is attempting to encourage more users to stake in the first place. Staking through Lido and Rocket Pool entails depositing one’s ether into a smart contract on the blockchain, where it will earn dividends.

​​Bithumb ordered to pay outage damages to investors by South Korean court.

A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange.

The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts.

On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchange must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017. According to a local news source, the damages are equivalent to $202, 400 - or 251.4 million in the regional currency won.

Initially, a district ruled against the investors, though it was later overturned. The finalized ruling from the Supreme Court ordered damages to be paid ranging from as little as $6 to around $6,400 to the 132 investors involved.

The court’s final ruling stated that:

"The burden or the cost of technological failures should be shouldered by the service operator, not [the] service users who pay commission for the service."

Bithumb is the country’s largest cryptocurrency exchange. The temporary outage came after the average amount of orders per hour suddenly doubled and bottled-necked transaction flows

Investors who were seeking compensation claimed that such as Bitcoin Cash and Ethereum Classic had major falls during the outage.

Prior to this ruling, Bithumb has been under tight watch from local authorities. After investigations on the former chair of the exchange and the sudden death of one of the largest shareholders after embezzlement claims, Bithumb is now being probed by regulators.

The investigation is a “special tax investigation” being conducted by the country’s National Tax Service (NTS). Authorities are exploring possibilities of tax evasion and raided Bithumb headquarters on Jan. 10.

Regulators in South Korea appear to be cracking down on the local crypto scene. Back in November of 2022, the country began investigations on cryptocurrency exchanges for listing native tokens.

After the FTX scandal, the South Korean city of Busan announced that it is dropping global crypto exchanges from its plans of onboarding third-party digital exchanges.

​​Binance to let institutions store crypto with cold custody.

The Mirror service is based on Binance Custody and involves mirroring cold-storage assets through 1:1 collateral held on a Binance account.

Amid the centralized cryptocurrency exchanges (CEX) crisis, crypto exchange Binance is moving to improve its institutional trading services with cold-custody opportunities.

On Jan. 16, Binance announced the official launch of Binance Mirror, an off-exchange settlement solution that enables institutional investors to invest and trade using cold custody.

The newly launched Mirror service is based on Binance Custody, a regulated institutional digital asset custodian, and involves mirroring cold-storage assets through 1:1 collateral held on a Binance account.

Binance emphasized that the new solution enables more security, allowing traders to access the exchange ecosystem without having to post collateral directly on the platform, stating:

“Their assets remain secure in their segregated cold wallet for as long as their Mirror position remains open on the Binance Exchange, which can be settled at any time.”

Launched in 2021, Binance Custody is a custodian platform with its own cold-storage solutions, covering secured assets against physical loss, damage, theft and internal collusion. In March 2022, Binance Custody secured cold-wallet insurance in Lithuania to operate an institutional-grade digital asset custody solution. Mirror accounts for more than 60% of all assets secured on Binance Custody.

“We built Binance Mirror last year and have been testing it with our institutional users. User feedback has been positive, and we are happy to announce and market it officially now,” a spokesperson for Binance told Cointelegraph.

It’s still unclear whether Binance plans to provide similar cold custody services to retail investors. Binance did not immediately respond to Cointelegraph’s request for comment.

The news comes shortly after Binance experienced a massive drop in liquidity, with several billions of dollars worth of crypto leaving the platform in late 2022. The liquidity decline is largely attributed to the crisis among CEXs fueled by the collapse of FTX, with investors flocking to self-custody instead of storing their assets on centralized platforms.

🇦🇪 Abu Dhabi Has A Billion-Dollar Fund For Web3 And Blockchain Development

According to the official website of the venture capital fund Venom, the fund will choose companies with high potential and then grant investment packages ranging from $25,000 to $200,000. The $1 billion Venom Venture Fund was established with the goal of advancing Abu Dhabi’s blockchain sector.

Venom Ventures, located in Abu Dhabi, has announced that it has raised $1 billion in capital to invest in web3 and blockchain technologies. “This is an excellent opportunity to introduce something like this,” fund spokesman Peter Knez remarked. Many worthwhile projects are having difficulty getting funds. We have the funds and will assist them.”. Lincoln Capital Management and Goldman Sachs, where he held positions as co-chief investment officer for the fixed income group at BlackRock.

​Web3 Security Company Cyvers Releases DeFi Threat Detection Report.

Cyvers, a web3 security company founded by Deddy Lavid and Meir Dolev, has released a security report analyzing the major events, types of threats, and best practices for protecting assets in the DeFi space. The comprehensive report provides valuable insights for projects and organizations looking to securely participate in the web3 ecosystem.

The state of web3 security in 2022 was a major concern for industry participants and regulators alike. The rapid evolution of financial technology in the space led to an increase in security vulnerabilities and a corresponding rise in hacking incidents. Over $3.1 billion was lost by well-established projects and protocols.

The year saw a significant increase in both smart contract exploits and bridge hacks, with the former accounting for 50% of total funds lost. Despite this, the industry also saw positive developments such as the successful Ethereum merge and increased institutional adoption.

Cyvers’ report documents 61 of the most significant web3 hacks and provides industry participants with practical guidance for minimizing risk and protecting assets.

Auditing is a widespread practice, but smart contract vulnerabilities are still the main source of exploitation. The average attack usually takes more than one hour to complete and 98% of all hacked protocols didn’t respond within the first hour.

Cyvers CEO Deddy Lavid said: “This shows how important it is to have a solution for monitoring smart contracts that can provide safety, ensuring preventative measures are in place before the exploit occurs.”

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Is a fully decentralized, self-managed wallet protocol where we grant our investors to easily and securely interact with their tokens, all supported by superior risk analysis and smart contract management tools.

💎 Future-AI's Mission:
Our main mission is to use AI and all DeFi technologies to integrate democratic and decentralized properties. We will grant our investors a bot for social networks (Telegram, Discord and Twiiter) and character creation through AI (personalities, voices, bodies, using totally natural language) among other applications that we will grant to our public.

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​​ADA-backed algorithmic stablecoin ‘Djed’ launched on Cardano.

After its successful security audit, the algorithmic stablecoin, Djed, from DeFi service provider COTI, deployed on the Cardano mainnet.

Since the fall of the TerraUSD (UST) algorithmic stablecoin in May 2022, many users in the crypto space have developed a weariness toward that particular asset class. The market for algorithmic stablecoins has declined 10x from its all-time high before the Terra collapse.

However, this has not stopped Cardano network developers from pushing forward with the launch of the ecosystem’s overcollateralized stablecoin on Jan.31. The new algorithmic stablecoin, Djed (DJED), launched on the Cardano mainnet and is pegged to the United States dollar and backed by Cardano’s native cryptocurrency, It uses the Shen (SHEN) token as its reserve coin.

According to the announcement, the new token recently completed a successful security audit and was under development for over a year. DJED is a product of Coti, a decentralized finance (DeFi) solutions developer on the Cardano blockchain, as a means for new DeFi and payment opportunities.

Prior to the launch of the new Cardano stablecoin, the idea of bringing another algorithmic stablecoin into existence caused tremors among the online crypto community.

This is one of the latest in a series of recent updates coming out of the Cardano network, which included an announcement from co-founder Charles Hoskinson on Jan.12 that the ecosystem will expand via custom-built sidechains.

On Jan. 23, due to an anomaly, 50% of Cardano nodes disconnected and had to restart, which caused a network outage. This was only one week before the launch of the new algorithmic stablecoin.

At the beginning of 2023, Bloomberg reported that the risk assessment firm Moody’s Corporation is developing a scoring system for stablecoins, including an initial analysis for up to 20 digital assets.