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Roughly $11,800,000 Worth of Bitcoin Stolen From DeFi Platform in Latest Crypto Hack

A cross-chain decentralized finance (DeFi) platform says it has lost millions of dollars worth of Bitcoin (BTC) to hackers.

pNetwork, which allows the teleporting of any digital asset to a different blockchain, says in a tweet that an attacker stole 277 Bitcoin wrapped as pBTC on the Binance Smart Chain (BSC).

 “We’re sorry to inform the community that an attacker was able to leverage a bug in our codebase and attack pBTC on BSC, stealing 277 BTC (most of its collateral). The other bridges were not affected. All other funds in the pNetwork are safe.”

The total value of the haul is approximately $11.84 million with Bitcoin trading at $42,735 at time of writing according to CoinGecko.
Polkastarter Unveils Startup Incubator, Names WonderHero As Maiden Project

October 1, 2021 – Lisbon, Portugal

Decentralized launchpad Polkastarter has announced the first project to be fully incubated by its new investment arm, Polkastarter Labs.WonderHero, a play-to-earn mobile RPG game, will receive pre-IDO and post-IDO support and mentorship while gaining access to Polkastarter’s vast network for marketing, branding and scaling purposes.

The launchpad, which joined forces with investment firm Morningstar Ventures, has helped launch over 70 projects to date including Ethernity Chain, EPNS, Wilder World and Thetan Arena. With its startup incubator, it aims to provide crypto’s most promising projects with all the tools they need for success.
All About The New Ukrainian Unicorn Weld Money And The WELD Token Sale

Firstly, it’s the first cryptocurrency card service managed to sign agreements on the card-issuing with the CIS region’s banks and regulatory authorities.

Speaking more detailed, it’s an issuer of a fiat Visa card which can be easily connected to any crypto exchanges and wallets storing digital assets and make purchases online or via a POS terminal in any sale points all around the world. While paying via Google/Apple Pay, the bank releases the fiat transaction into an overdraft (interest-free loan), and Weld instantly transfers the amount needed for the purchase in cryptocurrency from the user’s balance to its corporate account on the same exchange. The innovative architecture doesn’t require pre-top up the card, and also allows avoiding high blockchain fees, due to free intra-exchange transfers. The balances of Twitch, Steam, TikTok and other digital assets will be available as a means of payment at the second stage of the Weld cards.
Forwarded from TrendGuru AI
​​A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.

Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days

What Is FTM?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%

Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
IOEN Launches Double IDO on TrustSwap and TrustPad, Begins Staking Initiative for IOEN Token

Internet of Energy Network (IOEN) launched and listed on Tier-1 launchpads, TrustSwap and Trustpad. IOEN’s IDO launch on TrustSwap kicked off on 8th October while its TrustPad IDO launched on 11th October. IOEN then had a very successful dual DEX listing on QuickSwap and Uniswap. Following this, the company immediately implemented its community staking mechanism to bring benefits for their early supporters. The IDO launch, listing, and staking are just one of several milestones that the community-based network has rolled out for the users.

IOEN is a protocol that is built on blockchain and Holochain, that creates incentives for efficient clean-energy usage within virtual microgrids. The use of Holochain makes smart Internet of Things (IoT) devices able to operate in a manner that is faster, more secure, and more energy-efficient than traditional blockchain technologies. This unlocks the ability of the network to facilitate the rapid exchange of value between devices, users, and markets.
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Ethereum Follows BTC’s Lead and Strikes Biggest Price Point

Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – has hit a record high. At the time of writing, the asset is trading for a whopping $4,400 per unit – its greatest price to date.

Ethereum Is At an All-Time HighEthereum has enjoyed a hectic run throughout the year – almost as hectic as its big daddy bitcoin. While that currency has reached a new high of $66,000 per unit in recent weeks, the currency has dropped somewhat now that the hype surrounding the new Pro Shares ETF has subsided, which means Ethereum is able to step into the spotlight and take over.

The currency initially hit its tallest peak in May of this year when it was trading for just over $4,300. However, the meteoric run has truly been a spectacle for fans and traders all over the world to enjoy considering Ethereum entered 2021 priced at only $383.
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Bulldroids NFTs: An Exciting Play-to-Earn Collection!

Do you enjoy historic stories told in pictures and art? Bulldroids is a collection of 10,000 NFTs algorithmically generated on the Ethereum blockchain. Gathered from over 260 traits, these NFTs are completely unique with each entirely different from the other. Because of this, they make a very exciting collection for some adventure in a gaming metaverse.

The Bulldroids are divided into 3 categories with each faction or gang impacting the Metaverse’s evolution and depending on their victories which give them advantages over other gangs.
Ethereum Whales Are Jumping Into Several Gaming Altcoins Amid Major Bitcoin Correction

New data reveals that the world’s biggest Ethereum whales are stocking up on several gaming altcoins while the top crypto assets continue to consolidate.

The blockchain-transaction tracker WhaleStats tweets an updated list of the ten most purchased cryptocurrencies among whales over the past 24 hours.

Ethereum (ETH)US Dollar Coin (USDC)Tether (USDT)Gala (GALA)Polygon (MATIC)Quant (QNT)Chainlink (LINK)Enjin Coin (ENJ)Polymath (POLY)Axie Infinity (AXS)The data shows that 30% of whales’ interest lies in the gaming sector. Not only is GALA ranked fourth on the list of recent purchases, but it also ranks seventh overall with the average whale holding 1,225,974 tokens with a value of $474,572.

Enjin Coin accounts for 1.2% of total Ethereum whale holdings with a value exceeding $128.9 million.
Shiba Inu’s Metaverse Foray ‘Highly Bullish’ As SHIB Devs Announce ‘Shiba Lands’

Key Takeaways

Shiba Inu developers announce plans to hold land auctions in SHIB’s metaverse.The price of the SHIB cousin token, LEASH, which will be used in the bidding has been surging.SHIB has also posted modest gains as it has reclaimed the top spot in the holdings of Ethereum whales.Shiba Inu (SHIB) has made its official appearance in the metaverse space. Shiba Inu developers have revealed that several events around the crypto’s metaverse are set to happen soon. First among them is the sale of ‘Shiba Lands’, virtual real estate in the Shiberse – the current codename of the Shiba Inu metaverse. The update was given today in a blog post by the developers.

“We are happy to announce and proudly introduce Shiba Lands! These “lands” found inside our Metaverse will be available for purchase/auction really soon, and it will be our first step towards allowing the community to jump into the Metaverse prior to its full release!” the blog post said.
Crypto Term “HODL” Probably Shouldn’t Even Exist

Who would’ve known that the term “HODL” came about by mistake? The term refers to someone keeping their bitcoin or other forms of cryptocurrency long-term and refusing to sell, no matter how high the price goes. It has become a staple term for the crypto industry in many ways, and yet it probably shouldn’t even exist.

Where Does the Word “HODL” Come From?“HODL” was initially designed to be “HOLD,” a word that any English speaker would understand. The person writing it meant to say they’re going to “hold” their bitcoin forever, but instead they wrote “HODL” by mistake. The word came about in late 2013 after bitcoin took a nasty dive in price. A person in an online forum was not marred by the dying price and wrote, “I AM HODLING.”
Billion Dollar Bitcoin Lawsuit Verdict Appealed — Self-Proclaimed Bitcoin Inventor Expects a Win

The law firm representing Ira Kleiman has sent a notice of appeal to the Florida District Court in an attempt to appeal the court’s rejection of a Kleiman v. Wright retrial. The self-proclaimed Bitcoin inventor, Craig Wright, was cleared of all charges at the end of the Kleiman v. Wright trial, except one count of conversion.

Ira Kleiman Appeals Retrial Rejection in the Kleiman v. Wright CaseOn April 8, 2022, the law firm Roche Freedman LLP submitted a notice of appeal to the Florida District Court system. The appeal is tied to the recently concluded Kleiman v. Wright trial which ended on December 6, 2021. The trial started on February 14, 2018, as the self-proclaimed Bitcoin inventor Craig Wright was accused of perpetrating “a scheme against Dave’s estate to seize Dave’s bitcoins and his rights to certain intellectual property associated with the Bitcoin technology.”The verdict at the end of 2021 came to a conclusion after the jury was deadlocked for a number of days at the end of the trial. Finally, a verdict was reached and Wright and his defense team from Rivero Mestre LLP managed to beat all the charges except one count of conversion. While Wright was mandated to pay $143 million to W&K Info Defense, Wright told the press that he was “incredibly relieved.”The latest notice of appeal stems from Roche Freedman’s Velvel Freedman, and the appeal is filed on behalf of Ira Kleiman as representative of the estate of Dave Kleiman. Ira Kleiman is the brother of the now-deceased security expert Dave Kleiman. The notice is appealing the rejected retrial as Roche Freedman and Ira Kleiman want to take the case to trial again. The appeal follows Velvel Freedman’s recent tweet that explains how Wright owes W&K Info but allegedly has not paid. On March 9, Freedman tweeted:

Make that $143,132,492.48 after W&K just won prejudgment interest. Unfortunately, Craig Wright still hasn’t paid a cent.
Gemini Study Finds 41% Of Crypto Owners Bought Their First Coin in 2021

Forty-one percent of the crypto owners globally bought cryptocurrencies for the first time in 2021, claimed a study commissioned by digital assets exchange Gemini. The countries where the highest number of respondents bought their first cryptocurrency in 2021 are India (54%), Brazil (51%), and the United States (44%).

The 2022 Global State of Crypto Report released on April 4 terms 2021 as the Breakout year for the cryptocurrency sector when the “market capitalization almost hit $3 trillion and bitcoin reached an all-time high of almost $69,000, making crypto the best performing asset class of the past 10 years.”
Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year

Today’s top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD.

DOGE Tapped an All-Time High a Year Ago Today, Meme Coin Value Is Down 82% Since That PointMeme coin assets are down this week following the rest of the crypto economy’s downward spiral. Statistics show that dogecoin (DOGE) has shed 14% in value during the past month and 30 day stats show shiba inu (SHIB) is down 24%.

In the last day alone, the $28.3 billion worth of meme tokens lost 4.8% in value. DOGE lost 1.7% over the last seven days and this week SHIB has dropped by 6.8%. DOGE is also down 82.8% from the crypto asset’s all-time high on May 8, 2021, which was exactly a year ago today.
Cardano Whales Are ‘Buying The Dip’ As Retail Interest In ADA Takes Unexpected Turn

ADA, the native coin for the Cardano network is on the cusp of closing its fifth week in a row on a bearish note, annihilating gains made in the last half of March.

As of writing, ADA is down over 75% from its all-time high to trade at $0.75, with the daily RSI plunging into the oversold territory. The last time price dropped this low was in February 2021. Largely, macroeconomic shakeouts caused by factors such as the Fed’s aggressive interest rate policy as well as the ongoing warfare between Russia and Ukraine which has caused a global supply chain deadlock, have been blamed for the crypto market’s woes.
Coinweb is one of the most promising projects

Now the price of CWEB token on exchanges and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
US Lawmakers Introduce Bill To Require Members of Congress To Disclose Crypto Holdings

Two US lawmakers have introduced a bipartisan bill that would require members of Congress to declare their crypto holdings.

The Cryptocurrency Accountability Act would make it mandatory for members of Congress to report any purchase, sale or exchange of digital assets that exceeds $1,000. They would also have to report crypto transactions made by their spouses and dependent children.
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally.

Central Bank of Russia to Accept Legalization of Cryptocurrency MiningThe monetary authority in Moscow is now ready to back the legalization of crypto mining under the condition that Russian miners are obliged to sell the coins they obtain in the process outside the country. That’s according to a recent statement by Kirill Pronin, head of Bank of Russia’s Financial Technologies Department.

The central bank has been the hardline voice in the ongoing discussions on the future of cryptocurrencies in Russia, proposing a blanket ban on most related activities earlier this year, including mining. However, facing opposition from other government institutions and having to deal with financial restrictions imposed over the war in Ukraine, its position has started to change.