China declares stealing digital collections like NFTs liable for criminal theft sentence
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property. However, the statement stresses that the third view, which sees digital collections as both data and virtual property, would fall under the umbrella of “co-offending.”
The statement explained that stealing a digital collection includes intrusion into the system on which it is housed, therefore also committing the crime of illegally obtaining computer information system data and theft. It elaborates on this topic, naming digital collections “network virtual property” and stressing that in the criminal law context, “collections should be recognized as property.” NFTs were specifically mentioned, establishing that digital collections are derived from the concept of NFTs “abroad” and use blockchain technology to “map specific assets” with “unique, non-copyable, tamper-preventing, and permanent storage characteristics.”
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property. However, the statement stresses that the third view, which sees digital collections as both data and virtual property, would fall under the umbrella of “co-offending.”
The statement explained that stealing a digital collection includes intrusion into the system on which it is housed, therefore also committing the crime of illegally obtaining computer information system data and theft. It elaborates on this topic, naming digital collections “network virtual property” and stressing that in the criminal law context, “collections should be recognized as property.” NFTs were specifically mentioned, establishing that digital collections are derived from the concept of NFTs “abroad” and use blockchain technology to “map specific assets” with “unique, non-copyable, tamper-preventing, and permanent storage characteristics.”
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Hackers claim to have compromised bankrupt Bitcoin ATM firm Coin Cloud: Report
An unidentified hacking group claims to have stolen 70,000 customer selfies and sensitive personal information for 300,000 customers of Coin Cloud, a Bitcoin ATM firm which operated over 4,000 machines in the U.S. and Brazil until its bankruptcy filing this February. The hacking group also claims to have stolen the source code to Coin Cloud's backend system, according to a post on X from cybersecurity expert vx-underground.
The post includes redacted images, purportedly depicting the customer selfies and personal identifying information the group has accessed, which includes the Social Security numbers of customers along with their name, address, date of birth, occupation, phone number, and more, according to the report. Vx-underground told The Block that the unidentified hacker was sharing the claims in private channels and that the leaked database may be posted online soon. Coin Cloud could not immediately be reached for comment. Coin Cloud filed for bankruptcy in February following "business difficulties and legal problems" resulted in losses of $40 million over the first nine months of 2022, its former CEO told the Wall Street Journal.
An unidentified hacking group claims to have stolen 70,000 customer selfies and sensitive personal information for 300,000 customers of Coin Cloud, a Bitcoin ATM firm which operated over 4,000 machines in the U.S. and Brazil until its bankruptcy filing this February. The hacking group also claims to have stolen the source code to Coin Cloud's backend system, according to a post on X from cybersecurity expert vx-underground.
The post includes redacted images, purportedly depicting the customer selfies and personal identifying information the group has accessed, which includes the Social Security numbers of customers along with their name, address, date of birth, occupation, phone number, and more, according to the report. Vx-underground told The Block that the unidentified hacker was sharing the claims in private channels and that the leaked database may be posted online soon. Coin Cloud could not immediately be reached for comment. Coin Cloud filed for bankruptcy in February following "business difficulties and legal problems" resulted in losses of $40 million over the first nine months of 2022, its former CEO told the Wall Street Journal.
Cardano Maestro Hoskinson Propels OpenAI Outcast Altman into Decentralized Language Revolution!
Charles Hoskinson has extended a compelling invitation to Sam Altman, the ousted CEO of OpenAI outcast, to collaborate on a pioneering project within the Cardano ecosystem. The venture aims to delve into the realms of a decentralized large language model (LLM) integrated into the Cardano partnerchain. The utilization of the Polkadot stack signifies Cardano’s commitment to harnessing cutting-edge technologies and interoperability within its blockchain infrastructure.
The decentralized large language model, a key focus of this collaboration, holds immense potential in revolutionizing the way language is processed and understood within the blockchain space. The integration of Altman, a prominent figure in the field of artificial intelligence and machine learning, adds substantial weight to the project’s credibility. The partnership between Cardano and Sam Altman, known for his forward-thinking approach and transformative work at OpenAI, has the crypto community buzzing with anticipation. The synergy between Altman’s expertise in artificial intelligence and Cardano’s commitment to decentralized solutions creates a compelling narrative for the future of blockchain technology.
Charles Hoskinson has extended a compelling invitation to Sam Altman, the ousted CEO of OpenAI outcast, to collaborate on a pioneering project within the Cardano ecosystem. The venture aims to delve into the realms of a decentralized large language model (LLM) integrated into the Cardano partnerchain. The utilization of the Polkadot stack signifies Cardano’s commitment to harnessing cutting-edge technologies and interoperability within its blockchain infrastructure.
The decentralized large language model, a key focus of this collaboration, holds immense potential in revolutionizing the way language is processed and understood within the blockchain space. The integration of Altman, a prominent figure in the field of artificial intelligence and machine learning, adds substantial weight to the project’s credibility. The partnership between Cardano and Sam Altman, known for his forward-thinking approach and transformative work at OpenAI, has the crypto community buzzing with anticipation. The synergy between Altman’s expertise in artificial intelligence and Cardano’s commitment to decentralized solutions creates a compelling narrative for the future of blockchain technology.
HECO Chain Hack Occurs Causing $86 Million In Losses
A substantial $86 million has been illicitly transferred from a HECO account to an undisclosed address, as reported by the on-chain security platform Cyvers Alerts. The stolen assets, detailed by BitJungle Monitor, encompass a variety of cryptocurrencies, including 346,994 TUSD, 42,399 LINK, 619,000 USDC, 173,200 UNI, 346.9 million SHIB, 489 HBTC, 42.11 million USDT, and 10,145 ETH. Peckshield Alert noted an additional 10,145 ETH transfer, suggesting a potential compromise of the operator’s address in the HECO Chain hack.
Justin Sun confirmed the compromise between HECO Chain and HTX in a recent statement, assuring users that HTX would fully compensate for losses incurred in the hot wallet. Deposits and withdrawals on the platform are temporarily suspended, emphasizing the platform’s commitment to securing the remaining funds during the investigation. The HECO Chain hack follows a previous $8 million exploit of HTX in October, where hackers pilfered 500 ETH. Despite the breach, HTX emphasizes that all funds within the platform remain secure, and users can trust the implemented security measures. The platform’s proactive suspension of deposits and withdrawals underscores its dedication to mitigating potential risks and protecting user assets during the ongoing investigation.
A substantial $86 million has been illicitly transferred from a HECO account to an undisclosed address, as reported by the on-chain security platform Cyvers Alerts. The stolen assets, detailed by BitJungle Monitor, encompass a variety of cryptocurrencies, including 346,994 TUSD, 42,399 LINK, 619,000 USDC, 173,200 UNI, 346.9 million SHIB, 489 HBTC, 42.11 million USDT, and 10,145 ETH. Peckshield Alert noted an additional 10,145 ETH transfer, suggesting a potential compromise of the operator’s address in the HECO Chain hack.
Justin Sun confirmed the compromise between HECO Chain and HTX in a recent statement, assuring users that HTX would fully compensate for losses incurred in the hot wallet. Deposits and withdrawals on the platform are temporarily suspended, emphasizing the platform’s commitment to securing the remaining funds during the investigation. The HECO Chain hack follows a previous $8 million exploit of HTX in October, where hackers pilfered 500 ETH. Despite the breach, HTX emphasizes that all funds within the platform remain secure, and users can trust the implemented security measures. The platform’s proactive suspension of deposits and withdrawals underscores its dedication to mitigating potential risks and protecting user assets during the ongoing investigation.
Analysis Claims Discovery of Selective Transaction Filtering in Bitcoin Mining Pools
The investigation by 0xB10C, detailed in a comprehensive report, scrutinized the activity of today’s most prominent bitcoin mining pools. It focused on six specific transactions linked to addresses sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). This analysis is part of a broader project, the developer’s miningpool-observer, aimed at detecting instances where bitcoin mining pools may not include transactions that they could be mining.
The findings suggest a pattern of selective transaction filtering, a practice that could have significant implications for the network’s decentralized nature. In September and October 2023, 0xB10C’s miningpool-observer reported six blocks missing an OFAC-sanctioned transaction. These transactions were notably absent from blocks mined by three different pools: Viabtc, Foundry USA, and F2pool. The study meticulously analyzed the transaction patterns and block compositions to understand whether these omissions were intentional acts of filtering or coincidental outcomes based on other factors like transaction fees or propagation times.
The investigation by 0xB10C, detailed in a comprehensive report, scrutinized the activity of today’s most prominent bitcoin mining pools. It focused on six specific transactions linked to addresses sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). This analysis is part of a broader project, the developer’s miningpool-observer, aimed at detecting instances where bitcoin mining pools may not include transactions that they could be mining.
The findings suggest a pattern of selective transaction filtering, a practice that could have significant implications for the network’s decentralized nature. In September and October 2023, 0xB10C’s miningpool-observer reported six blocks missing an OFAC-sanctioned transaction. These transactions were notably absent from blocks mined by three different pools: Viabtc, Foundry USA, and F2pool. The study meticulously analyzed the transaction patterns and block compositions to understand whether these omissions were intentional acts of filtering or coincidental outcomes based on other factors like transaction fees or propagation times.
EU lawmakers want metaverse strategy that supports the bloc's businesses
European Union lawmakers want the bloc to lead in developing virtual worlds that support EU businesses. On Tuesday, the European Parliament's Committee on Internal Market and Consumer Protection voted in favor of a report that advocates for developing a metaverse strategy to reduce tech dependency on countries outside of the EU. "As we step into web4 with the development of virtual worlds, we have to lay a foundation, rooted in strong EU digital rules, guiding principles, and values.
The report called for a clear regulatory framework to support virtual world development. It stressed that most companies concerned with developing metaverse technologies are domiciled outside the EU. It added that the EU should "foster a level playing field to bolster European businesses." It was also noted that many metaverse projects have been developed by "a few companies based outside the EU, which have the necessary resources and financial capabilities." The report thus called for the bloc to take a leading role instead. The European Commission, the EU's executive body, has created a strategy on web4 and the metaverse. In this strategy, virtual worlds are defined as "persistent, immersive environments based on 3D and extended reality (XR) technologies."
European Union lawmakers want the bloc to lead in developing virtual worlds that support EU businesses. On Tuesday, the European Parliament's Committee on Internal Market and Consumer Protection voted in favor of a report that advocates for developing a metaverse strategy to reduce tech dependency on countries outside of the EU. "As we step into web4 with the development of virtual worlds, we have to lay a foundation, rooted in strong EU digital rules, guiding principles, and values.
The report called for a clear regulatory framework to support virtual world development. It stressed that most companies concerned with developing metaverse technologies are domiciled outside the EU. It added that the EU should "foster a level playing field to bolster European businesses." It was also noted that many metaverse projects have been developed by "a few companies based outside the EU, which have the necessary resources and financial capabilities." The report thus called for the bloc to take a leading role instead. The European Commission, the EU's executive body, has created a strategy on web4 and the metaverse. In this strategy, virtual worlds are defined as "persistent, immersive environments based on 3D and extended reality (XR) technologies."
USDC Stablecoin Issuer Circle Rejects Accusations of Facilitating Illicit Financing
CfA had previously asserted that there might be involvement from Circle and Justin Sun in financing terrorist organizations. Stablecoin issuer Circle has dismissed false claims of facilitating illicit financing activities. In a letter addressed to US Senators Sherrod Brown and Elizabeth Warren, the company also said it does not provide banking services to Justin Sun, the Tron Foundation, or HTX (formerly known as Huobi Global). In February 2023, Circle terminated all accounts belonging to Sun and companies associated with him.
In response to a previous letter from the non-profit organization Campaign for Accountability (CfA), Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, issued a rebuttal, asserting that the agency’s communication contained numerous errors, omissions, and misleading information. Circle clarified that it does not, directly or indirectly, facilitate or finance Hamas or any illicit actors while emphasizing that the company does not provide banking services to Justin Sun. It highlighted its adherence to various regulatory frameworks, including the Bank Secrecy Act (BSA) and laws targeting anti-money laundering and counter-financing of terrorism.
CfA had previously asserted that there might be involvement from Circle and Justin Sun in financing terrorist organizations. Stablecoin issuer Circle has dismissed false claims of facilitating illicit financing activities. In a letter addressed to US Senators Sherrod Brown and Elizabeth Warren, the company also said it does not provide banking services to Justin Sun, the Tron Foundation, or HTX (formerly known as Huobi Global). In February 2023, Circle terminated all accounts belonging to Sun and companies associated with him.
In response to a previous letter from the non-profit organization Campaign for Accountability (CfA), Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, issued a rebuttal, asserting that the agency’s communication contained numerous errors, omissions, and misleading information. Circle clarified that it does not, directly or indirectly, facilitate or finance Hamas or any illicit actors while emphasizing that the company does not provide banking services to Justin Sun. It highlighted its adherence to various regulatory frameworks, including the Bank Secrecy Act (BSA) and laws targeting anti-money laundering and counter-financing of terrorism.
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DeFi Market Rebounds to $50B as Speculators Hunt for Yield
The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday for the first time in six months as the value of underlying assets surged and investors sought to secure a yield on their crypto holdings. Data from DefiLlama shows that since Oct. 13, when the sector was at multiyear lows, the figure has increased by $15 billion. The search for yield was illustrated last week, when Blast, a newly announced layer 2 project that hopes to go live next year.
Since Oct. 13, ether (ETH), the primary asset used across the DeFi market, has risen by 42%, outpacing the whole DeFi market, which increased by 41%. It's worth noting that a significant portion of DeFi protocols offer yields on stablecoins, which are pegged to traditional fiat currencies like the dollar, euro or sterling. The sector experienced a boost earlier this year as a result of Ethereum's shift to a proof-of-stake blockchain, which meant holders could stake ether to become a network validator and receive rewards. The transition spurred the liquid staking market, led by the likes of Lido and RocketPool, which combined are responsible for 45% of DeFi's total value locked (TVL). More than $5.4 billion changed hands on a single day last month, the most since March.
The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday for the first time in six months as the value of underlying assets surged and investors sought to secure a yield on their crypto holdings. Data from DefiLlama shows that since Oct. 13, when the sector was at multiyear lows, the figure has increased by $15 billion. The search for yield was illustrated last week, when Blast, a newly announced layer 2 project that hopes to go live next year.
Since Oct. 13, ether (ETH), the primary asset used across the DeFi market, has risen by 42%, outpacing the whole DeFi market, which increased by 41%. It's worth noting that a significant portion of DeFi protocols offer yields on stablecoins, which are pegged to traditional fiat currencies like the dollar, euro or sterling. The sector experienced a boost earlier this year as a result of Ethereum's shift to a proof-of-stake blockchain, which meant holders could stake ether to become a network validator and receive rewards. The transition spurred the liquid staking market, led by the likes of Lido and RocketPool, which combined are responsible for 45% of DeFi's total value locked (TVL). More than $5.4 billion changed hands on a single day last month, the most since March.
El Salvador offers 'Freedom Visa' for $1 million crypto investment
El Salvador, which hit the headlines in 2021 by giving Bitcoin legal tender status, has launched a $1 million “Adopting El Salvador Freedom Visa” program. Limited to 1,000 participants per year, the Freedom Visa program aims to attract individual to seek residency and citizenship via investment, similar to Golden Visa programs in other countries. El Salvador’s Ministry of Foreign Affairs said the program can generate $1 billion annually for the country.
Notably, the initiative is 10 times more expensive than similar citizenship by investment programs in the neighboring Caribbean island nations of Antigua and Barbuda, Dominica and St. Lucia, according to migration consultancy firm Henley & Partners. Tether is providing support for the initiative as El Salvador’s technology partner. “This initiative highlights our commitment to supporting cities and communities in their pursuit of financial freedom and innovation,” Tether CEO Paolo Ardoino said. “This partnership reinforces our dedication to advancing technology, empowering nations and enabling individuals to invest in a future where innovation and progress go hand in hand."
El Salvador, which hit the headlines in 2021 by giving Bitcoin legal tender status, has launched a $1 million “Adopting El Salvador Freedom Visa” program. Limited to 1,000 participants per year, the Freedom Visa program aims to attract individual to seek residency and citizenship via investment, similar to Golden Visa programs in other countries. El Salvador’s Ministry of Foreign Affairs said the program can generate $1 billion annually for the country.
Notably, the initiative is 10 times more expensive than similar citizenship by investment programs in the neighboring Caribbean island nations of Antigua and Barbuda, Dominica and St. Lucia, according to migration consultancy firm Henley & Partners. Tether is providing support for the initiative as El Salvador’s technology partner. “This initiative highlights our commitment to supporting cities and communities in their pursuit of financial freedom and innovation,” Tether CEO Paolo Ardoino said. “This partnership reinforces our dedication to advancing technology, empowering nations and enabling individuals to invest in a future where innovation and progress go hand in hand."
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Binance Accuses SEC of Unfair Tactics Admist The Ongoing Legal Battle
Binance accuses SEC of unfair tactics in their legal battle, stating that the settlement with the DOJ is unrelated to the SEC’s charges. Binance has accused the U.S. Securities and Exchange Commission (SEC) of unfair tactics in their ongoing legal battle. The exchange argues that the SEC’s supplementary brief did not present any new effective evidence in the case. Binance with the U.S. Department of Justice (DOJ) and Financial Crimes Enforcement Network (FinCEN) is not materially related to the SEC’s charges against Binance.
On 9 December, the SEC claimed that Binance’s $4.3 billion settlement agreement with the DOJ and others supported the SEC’s lawsuit against the exchange. The SEC requested the court to consider the admissions made by Binance CEO Changpeng Zhao (CZ) in the settlement. However, Binance and CZ have asked the court to dismiss the SEC’s lawsuit. Binance‘s settlement with the U.S. government concluded investigations conducted by the DOJ, various branches of the Treasury Department, and the Commodity Futures Trading Commission (CFTC). SEC was not part of the settlement and instead filed a separate lawsuit against Binance and CZ in June. The SEC’s lawsuit alleges that Binance mishandled customer funds, misled investors and regulators.
Binance accuses SEC of unfair tactics in their legal battle, stating that the settlement with the DOJ is unrelated to the SEC’s charges. Binance has accused the U.S. Securities and Exchange Commission (SEC) of unfair tactics in their ongoing legal battle. The exchange argues that the SEC’s supplementary brief did not present any new effective evidence in the case. Binance with the U.S. Department of Justice (DOJ) and Financial Crimes Enforcement Network (FinCEN) is not materially related to the SEC’s charges against Binance.
On 9 December, the SEC claimed that Binance’s $4.3 billion settlement agreement with the DOJ and others supported the SEC’s lawsuit against the exchange. The SEC requested the court to consider the admissions made by Binance CEO Changpeng Zhao (CZ) in the settlement. However, Binance and CZ have asked the court to dismiss the SEC’s lawsuit. Binance‘s settlement with the U.S. government concluded investigations conducted by the DOJ, various branches of the Treasury Department, and the Commodity Futures Trading Commission (CFTC). SEC was not part of the settlement and instead filed a separate lawsuit against Binance and CZ in June. The SEC’s lawsuit alleges that Binance mishandled customer funds, misled investors and regulators.
Arbitrum Hit by 'Partial Outage' Due to Traffic Surge
The Arbitrum (ARB) network experienced a "partial outage" Friday amid a surge in transaction traffic that impacted the layer-2 blockchain's sequencer. Arbitrum's sequencer stalled "during a significant surge in network traffic," according to posts across the network's social media on Friday. "We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible," read a post on Arbitrum's status webpage.
Sequencers have been likened to an "air traffic control" for deciding which transactions land first on layer-2 networks such as Arbitrum. They're an essential link between the L2 and and the base chain, Ethereum. But they're also a single point of failure. The outage spawned chaos and confusion in the Arbitrum community. A previously scheduled 12 p.m. ET (17:00 UTC) "ask me anything" Twitter Spaces was abruptly canceled by an Arbitrum employee shortly after it began. The Arbitrum Discord piled high with messages from traders fearful of what would happen to their positions when the network came back online. That issue was patched in a matter of hours.
The Arbitrum (ARB) network experienced a "partial outage" Friday amid a surge in transaction traffic that impacted the layer-2 blockchain's sequencer. Arbitrum's sequencer stalled "during a significant surge in network traffic," according to posts across the network's social media on Friday. "We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible," read a post on Arbitrum's status webpage.
Sequencers have been likened to an "air traffic control" for deciding which transactions land first on layer-2 networks such as Arbitrum. They're an essential link between the L2 and and the base chain, Ethereum. But they're also a single point of failure. The outage spawned chaos and confusion in the Arbitrum community. A previously scheduled 12 p.m. ET (17:00 UTC) "ask me anything" Twitter Spaces was abruptly canceled by an Arbitrum employee shortly after it began. The Arbitrum Discord piled high with messages from traders fearful of what would happen to their positions when the network came back online. That issue was patched in a matter of hours.
Upland partners with AI studio Kaedim to accelerate metaverse asset production
Upland’s experimental collaboration with the artificial intelligence (AI) startup Kaedim has proven to be more fruitful, with the metaverse platform seeing a 70% increase in 3D asset production speeds. The partnership represents another key evolution for Upland, which began as a fairly simple, blockchain-based virtual property trading game. With Upland, players can buy, sell, and trade virtual properties mapped to real-world locations while engaging in an economy that caters to entrepreneurs, content creators, and gamers alike.
The concept has caught on, with Upland seeing more adoption after being announced as FIFA’s official metaverse partner during the Qatar World Cup in 2022. Digital asset creation is one of the most vital elements of Upland, as the game revolves around user-generated content. Players can design, manufacture, and trade digital goods and experiences with Upland. But to enable this, Upland must provide players with a consistent and easy-to-use pipeline to design and build novel digital assets. Due to Upland’s growth, its creators decided players needed a superior way to accelerate the production of digital assets on its platform, and that’s where Kaedim comes into the picture.
Upland’s experimental collaboration with the artificial intelligence (AI) startup Kaedim has proven to be more fruitful, with the metaverse platform seeing a 70% increase in 3D asset production speeds. The partnership represents another key evolution for Upland, which began as a fairly simple, blockchain-based virtual property trading game. With Upland, players can buy, sell, and trade virtual properties mapped to real-world locations while engaging in an economy that caters to entrepreneurs, content creators, and gamers alike.
The concept has caught on, with Upland seeing more adoption after being announced as FIFA’s official metaverse partner during the Qatar World Cup in 2022. Digital asset creation is one of the most vital elements of Upland, as the game revolves around user-generated content. Players can design, manufacture, and trade digital goods and experiences with Upland. But to enable this, Upland must provide players with a consistent and easy-to-use pipeline to design and build novel digital assets. Due to Upland’s growth, its creators decided players needed a superior way to accelerate the production of digital assets on its platform, and that’s where Kaedim comes into the picture.
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Arthur Hayes Professes Love for ‘Archangel Vitalik’ by Buying ETH and Selling SOL
Hayes is optimistic about Ethereum, citing admiration for co-founder Vitalik Buterin. He predicts Ethereum could hit $5,000. Arthur Hayes, the founder of the renowned crypto exchange BitMEX, has sold off his holdings in Solana (SOL) and redirected his investment towards Ethereum (ETH). According to Hayes, this strategic shift stemmed from an enlightening meditation session that prompted him to reassess his portfolio, favoring Ethereum over Solana.
Hayes holds a positive outlook on Ethereum, partly influenced by his admiration for the project’s co-founder, Vitalik Buterin. He believes the price of ETH could reach $5,000 Hayes, known for his keen insights into the crypto world, has been a vocal supporter of Ethereum, especially after its successful transition to a proof-of-stake model. He believes the market has not yet fully appreciated the significance of Ethereum’s successful transition. According to him, this change positions Ethereum to support a new ecosystem of innovative businesses and protocols. Hayes has previously speculated that its price could hit near $100 during a bullish period for altcoins. This prediction came at a time when both Ether and Solana were experiencing significant rallies, with the latter reaching fresh 19-month highs.
Hayes is optimistic about Ethereum, citing admiration for co-founder Vitalik Buterin. He predicts Ethereum could hit $5,000. Arthur Hayes, the founder of the renowned crypto exchange BitMEX, has sold off his holdings in Solana (SOL) and redirected his investment towards Ethereum (ETH). According to Hayes, this strategic shift stemmed from an enlightening meditation session that prompted him to reassess his portfolio, favoring Ethereum over Solana.
Hayes holds a positive outlook on Ethereum, partly influenced by his admiration for the project’s co-founder, Vitalik Buterin. He believes the price of ETH could reach $5,000 Hayes, known for his keen insights into the crypto world, has been a vocal supporter of Ethereum, especially after its successful transition to a proof-of-stake model. He believes the market has not yet fully appreciated the significance of Ethereum’s successful transition. According to him, this change positions Ethereum to support a new ecosystem of innovative businesses and protocols. Hayes has previously speculated that its price could hit near $100 during a bullish period for altcoins. This prediction came at a time when both Ether and Solana were experiencing significant rallies, with the latter reaching fresh 19-month highs.
Metaverse Crimes: NCA Director General Raises Urgent Concerns!
Graeme Biggar, the Director General of the National Crime Agency (NCA), issues a stark warning about potential criminal offenses, including rapes and murders, in the Metaverse. According to Biggar, these virtual crimes might need to be treated as real-life criminal acts due to their tangible impact on victims.
In a candid interview with the Evening Standard, Biggar highlights the physical manifestation users might experience, especially when wearing haptic suits that allow them to sense virtual actions. This unique challenge requires law enforcement to be proactive in preparing for and addressing crimes within the evolving landscape of the Metaverse.
Graeme Biggar, the Director General of the National Crime Agency (NCA), issues a stark warning about potential criminal offenses, including rapes and murders, in the Metaverse. According to Biggar, these virtual crimes might need to be treated as real-life criminal acts due to their tangible impact on victims.
In a candid interview with the Evening Standard, Biggar highlights the physical manifestation users might experience, especially when wearing haptic suits that allow them to sense virtual actions. This unique challenge requires law enforcement to be proactive in preparing for and addressing crimes within the evolving landscape of the Metaverse.
BlackRock's Dual Unveiling: Bitcoin ETF Envisioned Amidst Strategic Workforce Shifts!
In a dynamic revelation, BlackRock, the global financial behemoth, anticipates the approval of its Spot Bitcoin ETF this Wednesday, as disclosed by Fox Business. Concurrently, the firm prepares to announce strategic workforce adjustments, signaling a potential 3% workforce shift impacting around 600 employees.
Strategic Adaptations: BlackRock's Routine Workforce Calibration
Internally characterized as routine, the forthcoming workforce adjustments underscore BlackRock's strategic approach to align its personnel with the evolving dynamics of the financial industry. Following a similar process based on performance metrics initiated last year, these measures highlight BlackRock's proactive and forward-looking workforce strategy.
Market Resilience: BlackRock Shares Surge with a 6% Recovery in 2023
After navigating a challenging 2022 marked by a 21% dip in shares, BlackRock stages an impressive resurgence in 2023, recording a resilient 6% surge. This rebound is fueled by a substantial influx of $187 billion into BlackRock's Exchange Traded Fund (ETF) business, indicating a renewed vote of confidence from investors.
Strategic Fine-Tuning: BlackRock's Ongoing Workforce Optimization
Aligned with corporate objectives, BlackRock's periodic evaluations emphasize its commitment to strategic workforce optimization, ensuring agility in response to industry shifts. These proactive measures, part of an ongoing process initiated last year, underscore BlackRock's dedication to strategic evolution grounded in performance metrics.
In a dynamic revelation, BlackRock, the global financial behemoth, anticipates the approval of its Spot Bitcoin ETF this Wednesday, as disclosed by Fox Business. Concurrently, the firm prepares to announce strategic workforce adjustments, signaling a potential 3% workforce shift impacting around 600 employees.
Strategic Adaptations: BlackRock's Routine Workforce Calibration
Internally characterized as routine, the forthcoming workforce adjustments underscore BlackRock's strategic approach to align its personnel with the evolving dynamics of the financial industry. Following a similar process based on performance metrics initiated last year, these measures highlight BlackRock's proactive and forward-looking workforce strategy.
Market Resilience: BlackRock Shares Surge with a 6% Recovery in 2023
After navigating a challenging 2022 marked by a 21% dip in shares, BlackRock stages an impressive resurgence in 2023, recording a resilient 6% surge. This rebound is fueled by a substantial influx of $187 billion into BlackRock's Exchange Traded Fund (ETF) business, indicating a renewed vote of confidence from investors.
Strategic Fine-Tuning: BlackRock's Ongoing Workforce Optimization
Aligned with corporate objectives, BlackRock's periodic evaluations emphasize its commitment to strategic workforce optimization, ensuring agility in response to industry shifts. These proactive measures, part of an ongoing process initiated last year, underscore BlackRock's dedication to strategic evolution grounded in performance metrics.
Swedbank Strategist Says US Banking Crisis Is Spreading — Warns of More Banks Failing in ‘Vicious Spiral’
A strategist at Swedbank, a Swedish bank, has warned that the regional banking crisis in the U.S. is spreading. After several bank failures, he stressed that Pacwest Bank, Western Alliance Bank, and First Horizon Bank have all been “subject to financial meltdowns.”
Pär Magnusson, a fixed income strategist at Swedbank, a Swedish bank based in Stockholm, has warned about the spreading of the U.S. banking crisis. He reportedly said:
After Silicon Valley Bank, Signature Bank, First Republic Bank and now potentially Pacwest Bank, Western Alliance Bank, and First Horizon Bank all having been subject to financial meltdowns, the proverbial cat will be very difficult to put back into the bag.
First Republic Bank was seized by regulators last week and most of its assets were sold to JPMorgan Chase. It was the biggest U.S. bank failure since 2008. Silicon Valley Bank and Signature Bank collapsed in March. Following the seizure of First Republic Bank, shares of several banks, including Pacwest and Western Alliance Bank, plummeted.
A strategist at Swedbank, a Swedish bank, has warned that the regional banking crisis in the U.S. is spreading. After several bank failures, he stressed that Pacwest Bank, Western Alliance Bank, and First Horizon Bank have all been “subject to financial meltdowns.”
Pär Magnusson, a fixed income strategist at Swedbank, a Swedish bank based in Stockholm, has warned about the spreading of the U.S. banking crisis. He reportedly said:
After Silicon Valley Bank, Signature Bank, First Republic Bank and now potentially Pacwest Bank, Western Alliance Bank, and First Horizon Bank all having been subject to financial meltdowns, the proverbial cat will be very difficult to put back into the bag.
First Republic Bank was seized by regulators last week and most of its assets were sold to JPMorgan Chase. It was the biggest U.S. bank failure since 2008. Silicon Valley Bank and Signature Bank collapsed in March. Following the seizure of First Republic Bank, shares of several banks, including Pacwest and Western Alliance Bank, plummeted.
21 of the top 50 global fashion brands have NFTs
According to a Jan. 15 post by CoinGecko on X, just under half of the world’s global fashion brands, including Adidas, Nike, and Puma, have NFT collections.
This release comes at the same time the OpenSea CEO, in a Bloomberg interview, expressed the platform’s intention to develop the most compelling use cases for non-fungible tokens (NFTs) amidst a decline in trading volumes.
According to a Jan. 15 post by CoinGecko on X, just under half of the world’s global fashion brands, including Adidas, Nike, and Puma, have NFT collections.
This release comes at the same time the OpenSea CEO, in a Bloomberg interview, expressed the platform’s intention to develop the most compelling use cases for non-fungible tokens (NFTs) amidst a decline in trading volumes.