Rangers Protocol launches Ethereum Virtual Machine-compatible testnet.
The project is branding its testnet as useful to “new developers without blockchain background knowledge."
The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability.
In a Friday announcement, the Rangers Protocol said it had successfully migrated its first Dapp to the testnet which went live on July 19. The project migrated an Ethereum-based lending protocol, BlueStone, to the testnet, a move the protocol described as “smooth and developer-friendly” given Rangers’ Ethereum Virtual Machine, or EVM, compatibility.
Though there are seemingly alternative solutions utilizing blockchain technology friendly to Solidity developers, Rangers Protocol is branding its testnet as useful to “new developers without blockchain background knowledge.” Individuals interested in building using the protocol will reportedly have an easier time creating nonfungible tokens, or NFTs, as well as gaming applications in a permissionless environment.
Rangers Protocol co-founder Mary Ma announced in June that it would be launching its testnet in July following $3.7 million seed and private equity funding rounds. Ma claimed the protocol would have decentralized apps on its network, and include a cross-chain protocol, NFT protocol, and EVM compatible system. The project is reportedly the work of three years of development.
Crypto also recently launched its chain testnet allowing projects built on EVM-compatible chains to transfer over to its ecosystem. The open source testnet, Cronos, runs on a proof-of-authority consensus algorithm and is powered by proof-of-stake chain Ethermint.
Originally branded as the Rocket Protocol, Rangers is a China-based crypto company with an estimated valuation of $63 million. Venture funds backing the project include Pantera Capital, Huobi Ventures Blockchain Fund, Framework Ventures, Alameda Research, AU21 Capital, Hashkey Capital, SevenX Ventures, SNZ, Spark Digital Capital, and others.
The project is branding its testnet as useful to “new developers without blockchain background knowledge."
The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability.
In a Friday announcement, the Rangers Protocol said it had successfully migrated its first Dapp to the testnet which went live on July 19. The project migrated an Ethereum-based lending protocol, BlueStone, to the testnet, a move the protocol described as “smooth and developer-friendly” given Rangers’ Ethereum Virtual Machine, or EVM, compatibility.
Though there are seemingly alternative solutions utilizing blockchain technology friendly to Solidity developers, Rangers Protocol is branding its testnet as useful to “new developers without blockchain background knowledge.” Individuals interested in building using the protocol will reportedly have an easier time creating nonfungible tokens, or NFTs, as well as gaming applications in a permissionless environment.
Rangers Protocol co-founder Mary Ma announced in June that it would be launching its testnet in July following $3.7 million seed and private equity funding rounds. Ma claimed the protocol would have decentralized apps on its network, and include a cross-chain protocol, NFT protocol, and EVM compatible system. The project is reportedly the work of three years of development.
Crypto also recently launched its chain testnet allowing projects built on EVM-compatible chains to transfer over to its ecosystem. The open source testnet, Cronos, runs on a proof-of-authority consensus algorithm and is powered by proof-of-stake chain Ethermint.
Originally branded as the Rocket Protocol, Rangers is a China-based crypto company with an estimated valuation of $63 million. Venture funds backing the project include Pantera Capital, Huobi Ventures Blockchain Fund, Framework Ventures, Alameda Research, AU21 Capital, Hashkey Capital, SevenX Ventures, SNZ, Spark Digital Capital, and others.
Take Part in PrimeXBT’s $20,000 Giveaway!
PrimeXBT is excited to present an all-new giveaway designed to reward some of the platform’s users who interact with PrimeXBT on social media and community chanels.
Learn more https://primexbt.com/blog/take-part-in-primexbts-20000-giveaway/
PrimeXBT is excited to present an all-new giveaway designed to reward some of the platform’s users who interact with PrimeXBT on social media and community chanels.
Learn more https://primexbt.com/blog/take-part-in-primexbts-20000-giveaway/
Institutions continue offloading BTC exposure despite price rebound.
Bitcoin funds are still in decline as institutional sentiment remains bearish.
Investments in institutional Bitcoin products have continued to decline this past week.
In its July 26 Digital Asset Fund Flows report, CoinShares notes institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week ending July 23. As such, the week saw a 170% increase in outflows compared to the $10.4 million for the previous seven days.
The findings revealed that Bitcoin-based funds saw the largest outflows with $24 million, or 85% of combined outflows from crypto products. Monthly outflows for BTC are now at $49 million, although year-to-date flows remain positive at $4.1 billion. CoinShares stated:
“Last week’s outflows suggest negative sentiment still pervades the asset class despite more recent constructive comments from key industry players.”
Ether products also saw outflows of $7.3 million over the week, while multi-asset funds bucked the trend with a net inflow totaling $3.1 million. The report added that multi-asset funds are the only class of crypto investment products that have experienced net inflows for every week of 2021 so far.
Despite the downturn, leading crypto asset manager, Grayscale, recorded an inflow of $2.5 million for the period. Its latest assets under management bulletin reports total assets under management of $33.6 billion as of July 27.
CoinShares concluded that investment product turnover remains low at $1.7 billion for the week — comprising just 22% of May’s weekly average.
However, CoinShares’ data was recorded before Monday’s bullish market action that saw Bitcoin gain 15% in less than three hours.
Bitcoin funds are still in decline as institutional sentiment remains bearish.
Investments in institutional Bitcoin products have continued to decline this past week.
In its July 26 Digital Asset Fund Flows report, CoinShares notes institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week ending July 23. As such, the week saw a 170% increase in outflows compared to the $10.4 million for the previous seven days.
The findings revealed that Bitcoin-based funds saw the largest outflows with $24 million, or 85% of combined outflows from crypto products. Monthly outflows for BTC are now at $49 million, although year-to-date flows remain positive at $4.1 billion. CoinShares stated:
“Last week’s outflows suggest negative sentiment still pervades the asset class despite more recent constructive comments from key industry players.”
Ether products also saw outflows of $7.3 million over the week, while multi-asset funds bucked the trend with a net inflow totaling $3.1 million. The report added that multi-asset funds are the only class of crypto investment products that have experienced net inflows for every week of 2021 so far.
Despite the downturn, leading crypto asset manager, Grayscale, recorded an inflow of $2.5 million for the period. Its latest assets under management bulletin reports total assets under management of $33.6 billion as of July 27.
CoinShares concluded that investment product turnover remains low at $1.7 billion for the week — comprising just 22% of May’s weekly average.
However, CoinShares’ data was recorded before Monday’s bullish market action that saw Bitcoin gain 15% in less than three hours.
🇬🇧 Crypto Exchange Currency.com joined the British crypto association CryptoUK
Regulated Crypto Exchange of Tokenized Assets Currency.com joined CryptoUK, the UK cryptocurrency association.
CryptoUK is a self-regulating trade association of the United Kingdom, works to raise industry standards, eliminates misconceptions about the cryptocurrency sector and establishes a dialogue with the authorities. Currency.com joins the association as an executive member.
Along with other members of the association, the crypto exchange will provide information to regulatory and policy-making bodies in order to facilitate the development of new regulatory norms in the crypto sector.
Along with Currency.com, CryptoUK’s executive members are Crypto(.)com, CryptoCompare, BCB Group, Electroneum, eToro, Ripple, Simmons & Simmons and others.
Register and trade on Currency.com top cryptocurrencies and tokenized assets!
Regulated Crypto Exchange of Tokenized Assets Currency.com joined CryptoUK, the UK cryptocurrency association.
CryptoUK is a self-regulating trade association of the United Kingdom, works to raise industry standards, eliminates misconceptions about the cryptocurrency sector and establishes a dialogue with the authorities. Currency.com joins the association as an executive member.
Along with other members of the association, the crypto exchange will provide information to regulatory and policy-making bodies in order to facilitate the development of new regulatory norms in the crypto sector.
Along with Currency.com, CryptoUK’s executive members are Crypto(.)com, CryptoCompare, BCB Group, Electroneum, eToro, Ripple, Simmons & Simmons and others.
Register and trade on Currency.com top cryptocurrencies and tokenized assets!
🎙AMA Announcement
Crypto Land will host an AMA Session with ESP in Crypto Land + ESP chat.
⏱START 4PM UTC 31.07.2021
Prepare your best questions and be ready to participate in time, see you soon.
Please make sure to follow Telegram group @espcoin_chat
🌐Website - http://www.espcoin.io
Crypto Land will host an AMA Session with ESP in Crypto Land + ESP chat.
⏱START 4PM UTC 31.07.2021
Prepare your best questions and be ready to participate in time, see you soon.
Please make sure to follow Telegram group @espcoin_chat
🌐Website - http://www.espcoin.io
Bitcoin Mining Difficulty Breaks the 2nd-Longest Drop Streak.
After four consecutive drops, Bitcoin (BTC) mining difficultly increased on July 31, cutting into the growing profit margins of BTC miners.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up by 6%.
This brought it back up from the 13 T level, where it had dropped during the previous adjustment, to almost 14.5 T - still far from the all-time high of 25.05 T. Also, this is the first adjustment up since China cracked down on crypto mining in May.
Nonetheless, this increase comes after four drops in a row, two of which were quite substantial: the historic drop of nearly 28%, and a drop of nearly 16%.
Notably, having more than two consecutive drops is not that common at all. Prior to this, there were only two such cases: three drops in late 2018, and eight in late 2011.
Per BitInfoCharts, hashrate, or the computational power of the network, has seen a smaller increase since the previous adjustment two weeks ago, going up from 101.15E to 104.39E (7-day simple moving average). This is nearly 43% lower than the all-time high recorded on May 14, and 24% higher that the yearly low hit on July 3.
Bitcoin mining profitability has also seen a jump since the last difficulty adjustment, going up 19% in two weeks.
After four consecutive drops, Bitcoin (BTC) mining difficultly increased on July 31, cutting into the growing profit margins of BTC miners.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up by 6%.
This brought it back up from the 13 T level, where it had dropped during the previous adjustment, to almost 14.5 T - still far from the all-time high of 25.05 T. Also, this is the first adjustment up since China cracked down on crypto mining in May.
Nonetheless, this increase comes after four drops in a row, two of which were quite substantial: the historic drop of nearly 28%, and a drop of nearly 16%.
Notably, having more than two consecutive drops is not that common at all. Prior to this, there were only two such cases: three drops in late 2018, and eight in late 2011.
Per BitInfoCharts, hashrate, or the computational power of the network, has seen a smaller increase since the previous adjustment two weeks ago, going up from 101.15E to 104.39E (7-day simple moving average). This is nearly 43% lower than the all-time high recorded on May 14, and 24% higher that the yearly low hit on July 3.
Bitcoin mining profitability has also seen a jump since the last difficulty adjustment, going up 19% in two weeks.
FTX Sees 'Explosive Growth' With More than 1M Sign-Ups This Year
A two-year-old crypto unicorn, derivatives exchange FTX, just showed an "explosive growth and adoption" as it has seen more than a million sign-ups in the first half of 2021, marking a nearly 400% rise in this period of time.
"And it’s safe to say that users keep coming back for more," said the exchange in their review of the year's first half, as they've recorded more than 10m 1-day active users since January 1.
Further "enormous growth" has been seen in volume, with USD 1.88trn in total volume and an average daily volume (ADV) of USD 10.97bn - which represents a 934% increase since January. In comparison, last year’s total volume was over USD 385bn, while ADV was USD 1.06bn.
Additional points made by the review include:
- spot margin lending saw "massive increases": the total notional value of outstanding loans (in a 24 hour period) exceeded USD 2.5bn in May;
- FTX (the exchange's US operations) has the deepest liquidity of all US competitors, having gone from less than USD 1m a day in mid-2020 to a peak of nearly USD 1bn a day;
- FTX over-the-counter volume averaged USD 500m-USD1bn in daily volume across over 100 different currencies on FTX and some 20 currencies on FTX;
- in January alone, the exchange listed 70 new markets and overall added more than 100 listed markets and support for 125 assets as collateral, compared to the end of 2020 when they had had 1,100 listed markets and had added support for 71 assets to be used as collateral.
As for the year's second half, the exchange said that they see opportunities for further expanding their global product line, the US operations, international presence, and charitable efforts.
As reported in July, the operator of the exchange, FTX Trading Ltd., said it closed USD 900m Series B fundraise, with over 60 investors valuing the company at USD 18bn, as it looks to expand its global presence and accelerate growth. A year ago, it was valued at USD 1bn.
A two-year-old crypto unicorn, derivatives exchange FTX, just showed an "explosive growth and adoption" as it has seen more than a million sign-ups in the first half of 2021, marking a nearly 400% rise in this period of time.
"And it’s safe to say that users keep coming back for more," said the exchange in their review of the year's first half, as they've recorded more than 10m 1-day active users since January 1.
Further "enormous growth" has been seen in volume, with USD 1.88trn in total volume and an average daily volume (ADV) of USD 10.97bn - which represents a 934% increase since January. In comparison, last year’s total volume was over USD 385bn, while ADV was USD 1.06bn.
Additional points made by the review include:
- spot margin lending saw "massive increases": the total notional value of outstanding loans (in a 24 hour period) exceeded USD 2.5bn in May;
- FTX (the exchange's US operations) has the deepest liquidity of all US competitors, having gone from less than USD 1m a day in mid-2020 to a peak of nearly USD 1bn a day;
- FTX over-the-counter volume averaged USD 500m-USD1bn in daily volume across over 100 different currencies on FTX and some 20 currencies on FTX;
- in January alone, the exchange listed 70 new markets and overall added more than 100 listed markets and support for 125 assets as collateral, compared to the end of 2020 when they had had 1,100 listed markets and had added support for 71 assets to be used as collateral.
As for the year's second half, the exchange said that they see opportunities for further expanding their global product line, the US operations, international presence, and charitable efforts.
As reported in July, the operator of the exchange, FTX Trading Ltd., said it closed USD 900m Series B fundraise, with over 60 investors valuing the company at USD 18bn, as it looks to expand its global presence and accelerate growth. A year ago, it was valued at USD 1bn.
The coin that represents all Doge Coins is givingaway 150$ to you guys!!
Republic of Dogs ($ROD) is a deflationary BSC token that strives to be the representing coin of all Dog Coins.
♛ 2% Rewards to Holders
♛ 3% Marketing Contribution
♛ 7% Buy-Back Contracts
♛ Long-term marketing strategy
♛ Transparent project
Pre-sale in the upcoming days, huge marketing campaign the one you've never seen before!
Join telegram group: https://t.me/rodtoken
Follow on twitter: twitter.com/RODTOKEN_
Telegram
Republic of DOGS($ROD)
Countdown Pre-Sale at : https://rodtoken.com
Twitter: twitter.com/RODTOKEN_
Republic of Dogs ($ROD) is a deflationary BSC token that strives to be the representing coin of all Dog Coins.
♛ 2% Rewards to Holders
♛ 3% Marketing Contribution
♛ 7% Buy-Back Contracts
♛ Long-term marketing strategy
♛ Transparent project
Pre-sale in the upcoming days, huge marketing campaign the one you've never seen before!
Join telegram group: https://t.me/rodtoken
Follow on twitter: twitter.com/RODTOKEN_
Telegram
Republic of DOGS($ROD)
Countdown Pre-Sale at : https://rodtoken.com
Twitter: twitter.com/RODTOKEN_
Telegram
h
v
PoS Coins, Lightning, DeFi & DEXes In Danger as US Bill Chaos Intensifies.
Mayhem appears to have broken loose in the world of American politics, and the crypto community may be caught in the eye of the storm, as now, proof-of-stake (PoS) networks might be left in danger at a time when Ethereum (ETH) is moving towards PoS. Moreover, the Lightning Network, decentralized exchanges, and DeFi might get hurt too.
A controversial infrastructure bill being moved with alacrity through the parliamentary system contains a number of clauses that pertain to crypto players and how they are taxed. As previously reported, most of these pertain to the legal definition of a “broker.” This week, the American crypto community has attempted to drive up support for a bipartisan amendment to the bill put forward by three senators, including the crypto-keen Cynthia Lummis.
The original bill could force the crypto mining and trading community to cough up a staggering USD 28 billion – to help fund hundreds of billions worth of USD worth of public spending projects. “Broker” status would force miners and developers to provide exhaustive lists of documents and transaction history records to Internal Revenue Service officials – before paying taxes on their holdings and historic earnings.
Lummis, along with the Senate Finance Committee Chairman Ron Wyden and the Republican Senators Pat Toomey, proposed an amendment that would exempt miners, validators, blockchain developers and wallet-making developers from being classed as “brokers” – and thus subject to all of the provisions of the bill.
Meanwhile, Treasury Secretary Janet L. Yellen spoke with lawmakers Thursday to raise objections to the effort led by Wyden and other senators to weaken the legislation’s proposed crypto overhauls, The Washington Post reported, citing two undisclosed people. Yellen lobbied Wyden about the matter, per the report.
And now, a fresh spanner has been thrown into the works – in the shape of a brand new, rival amendment that appears to have backing from the Presidential office.
The amendment was launched by senators Rob Portman, Mark Warner and Kyrsten Sinema. Confusingly, perhaps, this new amendment proposed the same for of exemption as the original amendment – but only for proof-of-work (PoW) miners, such as Bitcoin (BTC), and (for now), ETH miners. That means developers and validators on proof-of-stake networks like and Cardano (ADA) (or yet-to-be-launched Ethereum 2.0) would be classed as brokers – while Bitcoin protocol professionals would effectively escape unscathed.
Some were quick to point out that in some respects at least, there appeared to be very little difference if at all between at least certain parts of the latest amendment proposal.
Mayhem appears to have broken loose in the world of American politics, and the crypto community may be caught in the eye of the storm, as now, proof-of-stake (PoS) networks might be left in danger at a time when Ethereum (ETH) is moving towards PoS. Moreover, the Lightning Network, decentralized exchanges, and DeFi might get hurt too.
A controversial infrastructure bill being moved with alacrity through the parliamentary system contains a number of clauses that pertain to crypto players and how they are taxed. As previously reported, most of these pertain to the legal definition of a “broker.” This week, the American crypto community has attempted to drive up support for a bipartisan amendment to the bill put forward by three senators, including the crypto-keen Cynthia Lummis.
The original bill could force the crypto mining and trading community to cough up a staggering USD 28 billion – to help fund hundreds of billions worth of USD worth of public spending projects. “Broker” status would force miners and developers to provide exhaustive lists of documents and transaction history records to Internal Revenue Service officials – before paying taxes on their holdings and historic earnings.
Lummis, along with the Senate Finance Committee Chairman Ron Wyden and the Republican Senators Pat Toomey, proposed an amendment that would exempt miners, validators, blockchain developers and wallet-making developers from being classed as “brokers” – and thus subject to all of the provisions of the bill.
Meanwhile, Treasury Secretary Janet L. Yellen spoke with lawmakers Thursday to raise objections to the effort led by Wyden and other senators to weaken the legislation’s proposed crypto overhauls, The Washington Post reported, citing two undisclosed people. Yellen lobbied Wyden about the matter, per the report.
And now, a fresh spanner has been thrown into the works – in the shape of a brand new, rival amendment that appears to have backing from the Presidential office.
The amendment was launched by senators Rob Portman, Mark Warner and Kyrsten Sinema. Confusingly, perhaps, this new amendment proposed the same for of exemption as the original amendment – but only for proof-of-work (PoW) miners, such as Bitcoin (BTC), and (for now), ETH miners. That means developers and validators on proof-of-stake networks like and Cardano (ADA) (or yet-to-be-launched Ethereum 2.0) would be classed as brokers – while Bitcoin protocol professionals would effectively escape unscathed.
Some were quick to point out that in some respects at least, there appeared to be very little difference if at all between at least certain parts of the latest amendment proposal.
🚀 Robinhood grew by 123% after the IPO
The popular trading platform Robinhood showed an increase of 123% after its IPO, becoming one of the most successful IPOs this year.
Regulated crypto exchange Currency.com conducted a listing of tokenized shares of Robinhood. Investors have the opportunity to buy, sell, store and withdraw token shares from the crypto exchange to a crypto wallet that supports the ERC-20 standard, and trading with leverage up to 20x is also available.
Total for Currency.com there are more than 2000 tokenized assets available, including:
- Top cryptocurrencies.
- Promotions.
- Stock indexes.
- ETF.
- Currencies.
- Raw materials.
- Bonds.
You can top up your account on the crypto exchange by bank transfers, from a Visa/MasterCard card in RUB, EUR, USD and BYN
Register with Currency.com and trade Robinhood token shares!
The popular trading platform Robinhood showed an increase of 123% after its IPO, becoming one of the most successful IPOs this year.
Regulated crypto exchange Currency.com conducted a listing of tokenized shares of Robinhood. Investors have the opportunity to buy, sell, store and withdraw token shares from the crypto exchange to a crypto wallet that supports the ERC-20 standard, and trading with leverage up to 20x is also available.
Total for Currency.com there are more than 2000 tokenized assets available, including:
- Top cryptocurrencies.
- Promotions.
- Stock indexes.
- ETF.
- Currencies.
- Raw materials.
- Bonds.
You can top up your account on the crypto exchange by bank transfers, from a Visa/MasterCard card in RUB, EUR, USD and BYN
Register with Currency.com and trade Robinhood token shares!
Pre-sale in 10minutes, huge marketing campaign the one you've never seen before + a famous rapper is going to advertise our pre-sale shhh🤫!
Pre-Sale link : www.rodtoken.com/presale
✅ Website : https://rodtoken.com
✅ Telegram : https://t.me/rodtoken - beware of scammers.
♛ 2% Rewards to Holders💰
♛ 3% Marketing Contribution💎
♛ 7% Buy-Back Contracts🔥
♛ Long-term marketing strategy
♛ Transparent project🖼
♛ Total Supply: 1 Quadrilion🔥
Presale will be organized on DxSale Platform.
Pre-Sale link : www.rodtoken.com/presale
✅ Website : https://rodtoken.com
✅ Telegram : https://t.me/rodtoken - beware of scammers.
♛ 2% Rewards to Holders💰
♛ 3% Marketing Contribution💎
♛ 7% Buy-Back Contracts🔥
♛ Long-term marketing strategy
♛ Transparent project🖼
♛ Total Supply: 1 Quadrilion🔥
Presale will be organized on DxSale Platform.
Rodtoken
Rodtoken: Buy Bitcoin & Crypto - Crypto Exchange, App & Wallet
Man who minted 14M ICX tokens due to a bug can pursue lawsuit to keep them.
A flaw in an upgrade to the ICON blockchain in 2020 allowed a user to repeatedly mint millions of ICX tokens.
A cryptocurrency enthusiast who exploited a bug in the ICON network to mint a large amount of its native ICX token can pursue entitlement claims according to a California federal judge.
On Monday, Aug. 9, U.S. District Judge William H. Orrick said that the case raises novel questions about digital property. He added that plaintiff Mark Shin had adequately alleged that the ICON Foundation was wrong to freeze his crypto asset accounts after he took advantage of its flawed code.
According to Law360, the allegations were enough to allow the case to go forward, with Judge Orrick denying the bulk of ICON Foundation's motion to dismiss the claims.
According to court filings, Shin discovered a bug in the ICON Network's code after a software update in August 2020. When attempting to transfer staked tokens, Shin discovered that 25,000 new native ICX tokens had appeared in his wallet.
He thought that there was a “visual bug with the wallet software” and attempted the process again whereby another 25,000 ICX tokens were generated.
The code flaw allowed Shin to create a total of 14 million new ICX tokens worth around $7.8 million at the time. Many of those tokens he then transferred to the Kraken and Binance cryptocurrency exchanges.
According to the court order, Shin acknowledged that “the authors and developers of the [software update] may not have intended for the network proposal to behave as it did,” but argued that he was the new lawful owner of the tokens since the code changes had been adopted.
He claimed that ICON disagreed and asked Binance and Kraken to have his accounts frozen, saying that he had attacked the network. The judge agreed with the plaintiff’s claims of possible token ownership rights allowing the case to proceed, stating:
“The inquiry at this stage, however, is whether Shin has plausibly alleged possessory interest in the ICX tokens. I find that he has.”
A flaw in an upgrade to the ICON blockchain in 2020 allowed a user to repeatedly mint millions of ICX tokens.
A cryptocurrency enthusiast who exploited a bug in the ICON network to mint a large amount of its native ICX token can pursue entitlement claims according to a California federal judge.
On Monday, Aug. 9, U.S. District Judge William H. Orrick said that the case raises novel questions about digital property. He added that plaintiff Mark Shin had adequately alleged that the ICON Foundation was wrong to freeze his crypto asset accounts after he took advantage of its flawed code.
According to Law360, the allegations were enough to allow the case to go forward, with Judge Orrick denying the bulk of ICON Foundation's motion to dismiss the claims.
According to court filings, Shin discovered a bug in the ICON Network's code after a software update in August 2020. When attempting to transfer staked tokens, Shin discovered that 25,000 new native ICX tokens had appeared in his wallet.
He thought that there was a “visual bug with the wallet software” and attempted the process again whereby another 25,000 ICX tokens were generated.
The code flaw allowed Shin to create a total of 14 million new ICX tokens worth around $7.8 million at the time. Many of those tokens he then transferred to the Kraken and Binance cryptocurrency exchanges.
According to the court order, Shin acknowledged that “the authors and developers of the [software update] may not have intended for the network proposal to behave as it did,” but argued that he was the new lawful owner of the tokens since the code changes had been adopted.
He claimed that ICON disagreed and asked Binance and Kraken to have his accounts frozen, saying that he had attacked the network. The judge agreed with the plaintiff’s claims of possible token ownership rights allowing the case to proceed, stating:
“The inquiry at this stage, however, is whether Shin has plausibly alleged possessory interest in the ICX tokens. I find that he has.”
🚀 London hardfork in the Ethereum network - will there be to the moon?
On August 5, the London hardfork took place in the main Ethereum network, which continues the network's transition from the PoW algorithm to the PoS algorithm, which in the future may have a positive impact on the value of ETH. The transition to the new algorithm assumes a slower issue of Ethereum, which can form a shortage of coins on the market.
The potential goal of ETH is to update the historical maximum, which is at $4 380, which is more than 50% higher than the current levels. Do not miss the opportunity to invest in Ethereum and go "to the moon" together with the top cryptocurrency!
Buy the ETH legally and safely, using a bank transfer in RUB, EUR, USD, BYN, as well as using Visa/MasterCard cards on a regulated crypto exchange of tokenized assets Currency.com!
Register and trade on Currency.com!
On August 5, the London hardfork took place in the main Ethereum network, which continues the network's transition from the PoW algorithm to the PoS algorithm, which in the future may have a positive impact on the value of ETH. The transition to the new algorithm assumes a slower issue of Ethereum, which can form a shortage of coins on the market.
The potential goal of ETH is to update the historical maximum, which is at $4 380, which is more than 50% higher than the current levels. Do not miss the opportunity to invest in Ethereum and go "to the moon" together with the top cryptocurrency!
Buy the ETH legally and safely, using a bank transfer in RUB, EUR, USD, BYN, as well as using Visa/MasterCard cards on a regulated crypto exchange of tokenized assets Currency.com!
Register and trade on Currency.com!
What Is the Metaverse? A High-Tech Plan to Facebookify the World.
Facebook chief executive Mark Zuckerberg recently announced the tech giant will shift from being a social media company to becoming “a metaverse company”, functioning in an “embodied internet” that blends real and virtual worlds more than ever before.
So what is “the metaverse”? It sounds like the kind of thing billionaires talk about to earn headlines, like Tesla chief Elon Musk spruiking “pizza joints” on Mars. Yet given almost three billion people use Facebook each month, Zuckerberg’s suggestion of a change of direction is worth some attention.
The term “metaverse” isn’t new, but it has recently seen a surge in popularity and speculation about what this all might mean in practice.
The idea of the metaverse is useful and it’s likely to be with us for some time. It’s a concept worth understanding even if, like me, you are critical of the future its proponents suggest.
The metaverse: a name whose time has come?
Humans have developed many technologies to trick our senses, from audio speakers and televisions to interactive video games and virtual reality, and in future we may develop tools to trick our other senses such as touch and smell. We have many words for these technologies, but as yet no popular word that refers to the totality of the mash-up of old-fashioned reality (the physical world) and our fabricated extensions to reality (the virtual world).
Words like “the internet” and “cyberspace” have come to be associated with places we access through screens. They don’t quite capture the steady interweaving of the internet with virtual realities (such as 3D game worlds or virtual cities) and augmented reality (such as navigation overlays or Pokémon GO).
Just as important, the old names don’t capture the new social relationships, sensory experiences and economic behaviours that are emerging along with these extensions to the virtual. For example, Upland mashes together a virtual reflection of our world with non-fungible tokens (NFTs) and property markets.
Facebook chief executive Mark Zuckerberg recently announced the tech giant will shift from being a social media company to becoming “a metaverse company”, functioning in an “embodied internet” that blends real and virtual worlds more than ever before.
So what is “the metaverse”? It sounds like the kind of thing billionaires talk about to earn headlines, like Tesla chief Elon Musk spruiking “pizza joints” on Mars. Yet given almost three billion people use Facebook each month, Zuckerberg’s suggestion of a change of direction is worth some attention.
The term “metaverse” isn’t new, but it has recently seen a surge in popularity and speculation about what this all might mean in practice.
The idea of the metaverse is useful and it’s likely to be with us for some time. It’s a concept worth understanding even if, like me, you are critical of the future its proponents suggest.
The metaverse: a name whose time has come?
Humans have developed many technologies to trick our senses, from audio speakers and televisions to interactive video games and virtual reality, and in future we may develop tools to trick our other senses such as touch and smell. We have many words for these technologies, but as yet no popular word that refers to the totality of the mash-up of old-fashioned reality (the physical world) and our fabricated extensions to reality (the virtual world).
Words like “the internet” and “cyberspace” have come to be associated with places we access through screens. They don’t quite capture the steady interweaving of the internet with virtual realities (such as 3D game worlds or virtual cities) and augmented reality (such as navigation overlays or Pokémon GO).
Just as important, the old names don’t capture the new social relationships, sensory experiences and economic behaviours that are emerging along with these extensions to the virtual. For example, Upland mashes together a virtual reflection of our world with non-fungible tokens (NFTs) and property markets.
❗️🔥 How to become MILLIONAIRES in this bullrun 🔥❗️
✅ I will share a hidden gem with you that was recently mentioned by CNBC and Bitboy and also was awarded by the German Government.
The project is called ACRIA and they are building an improved version of Chainlink. Acria is already partnering with the German Government and other big companies and projects like MakerDAO, Litecoin, Polygon.
✅ Acria is building on Cardano (ADA) too
✅ A 100x is possible with this project. I am also invested in the project.
✅ Get in now and get double the amount of ACRIA Tokens (limited time only)
💵 Buy ACRIA here 👉 https://acria.network/
Buy Acria now or you will regret it!
✅ I will share a hidden gem with you that was recently mentioned by CNBC and Bitboy and also was awarded by the German Government.
The project is called ACRIA and they are building an improved version of Chainlink. Acria is already partnering with the German Government and other big companies and projects like MakerDAO, Litecoin, Polygon.
✅ Acria is building on Cardano (ADA) too
✅ A 100x is possible with this project. I am also invested in the project.
✅ Get in now and get double the amount of ACRIA Tokens (limited time only)
💵 Buy ACRIA here 👉 https://acria.network/
Buy Acria now or you will regret it!
Crypto Sector World’s 3rd Industry in Phishing Attacks Growth - Report.
hishing activities continue to intensify across the world, with their volume for the second quarter of 2021 outpacing the same period last year by 22%. Cryptocurrency increasingly finds itself in attackers’ sight, with a tenfold increase in attacks on exchanges, according to a recent report by cyber threat intelligence company PhishLabs. Due to a spike in attacks, the crypto sector is now ranked as the third industry in terms of growth of phishing attempts.
“In Q2, a combination of brand, executive, and employee impersonation attacks accounted for over half (54.7%) of all social media attacks in the Cryptocurrency sector. This activity identifies threat actor attempts at impersonating cryptocurrency businesses to confuse customers and cash in on the sector’s skyrocketing growth,” the US firm said.
The global crypto industry reported a 13% increase in phishing attacks in the April-June 2021 period compared with the first quarter of this year.
This meant that only two other industries reported a higher growth rate in such attacks in the second quarter of 2021: payment services, with a staggering increase of 561.8%, and broadcast media, up 112.5%, as indicated by data from the report.
“We anticipate cryptocurrency businesses will continue to be aggressively targeted by threat actors through social media in future quarters, due to a majority of their activity and communication taking place through social platforms,” PhishLabs said.
Three site staging methods accounted for all of the phishing attacks targeting crypto exchanges, according to the report.
“Free Hosting solutions hosted 96.5% of the phishing sites, while Compromised Sites accounted for 3.4% of the activity. A small number of sites targeting exchanges abused development tools for staging,” according to PhishLabs.
The remaining 0.1% of such attacks on crypto exchanges were staged with the use of development tools, the analysis said.
hishing activities continue to intensify across the world, with their volume for the second quarter of 2021 outpacing the same period last year by 22%. Cryptocurrency increasingly finds itself in attackers’ sight, with a tenfold increase in attacks on exchanges, according to a recent report by cyber threat intelligence company PhishLabs. Due to a spike in attacks, the crypto sector is now ranked as the third industry in terms of growth of phishing attempts.
“In Q2, a combination of brand, executive, and employee impersonation attacks accounted for over half (54.7%) of all social media attacks in the Cryptocurrency sector. This activity identifies threat actor attempts at impersonating cryptocurrency businesses to confuse customers and cash in on the sector’s skyrocketing growth,” the US firm said.
The global crypto industry reported a 13% increase in phishing attacks in the April-June 2021 period compared with the first quarter of this year.
This meant that only two other industries reported a higher growth rate in such attacks in the second quarter of 2021: payment services, with a staggering increase of 561.8%, and broadcast media, up 112.5%, as indicated by data from the report.
“We anticipate cryptocurrency businesses will continue to be aggressively targeted by threat actors through social media in future quarters, due to a majority of their activity and communication taking place through social platforms,” PhishLabs said.
Three site staging methods accounted for all of the phishing attacks targeting crypto exchanges, according to the report.
“Free Hosting solutions hosted 96.5% of the phishing sites, while Compromised Sites accounted for 3.4% of the activity. A small number of sites targeting exchanges abused development tools for staging,” according to PhishLabs.
The remaining 0.1% of such attacks on crypto exchanges were staged with the use of development tools, the analysis said.
🤑 Crypto Exchange Currency.com continues a series of tournaments for traders with a prize fund of $10 000!
In order to participate in the tournament, it is necessary to:
- Register on Currency.com.
- Pass the verification procedure.
- Perform trading operations with leverage.
- Demonstrate the highest profitability.
- Get into the TOP 3 participants and take the prize.
The winners will be determined by the highest yield (P&L) on leveraged trading operations. The rewards are distributed as follows:
🥇1st place - $5 000
🥈 2nd place - $3 000
🥉 3rd place - $2 000
The tournament runs until August 27, 2021. Register and win!
In order to participate in the tournament, it is necessary to:
- Register on Currency.com.
- Pass the verification procedure.
- Perform trading operations with leverage.
- Demonstrate the highest profitability.
- Get into the TOP 3 participants and take the prize.
The winners will be determined by the highest yield (P&L) on leveraged trading operations. The rewards are distributed as follows:
🥇1st place - $5 000
🥈 2nd place - $3 000
🥉 3rd place - $2 000
The tournament runs until August 27, 2021. Register and win!
Binance Tightening KYC Procedure, The Screaming Sheep NFT
Crypto exchange Binance has announced they have tightened the customer verification requirements on their platforms, as they extend their response to heightened regulatory scrutiny over recent months. With immediate effect, new customers must supply government ID and pass facial verification to meet "Intermediate" verification for access to services such as crypto deposits, trades and withdrawals, while existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption until they provide the necessary documents.
Crypto exchange OKEx has announced the launch of a USD 10m fund to help develop play-to-earn (or GameFi) projects. They will also host a hackathon with the theme "BUIDL IN METAFORCE" on August 26, where the winning team will receive USD 1m in funding as well as additional support from the exchange, such as advanced listing and promotional marketing.
Social media and marketing company Brave Bison has announced a partnership with non-fungible token (NFT) platform Power Up NFTs to facilitate the sale of the viral The Screaming Sheep video as an NFT. Brave Bison added that it has represented The Screaming Sheep video for a number of years and has worked with the video owner to license the content out to brands and organisations. It argued that the video is now considered to be one of the most famous viral pieces of content the internet has to offer.
Retail bank Lloyds Banking Group has posted a vacancy for Senior Manager in Digital Currency and Innovation to explore investment opportunities. The manager will develop payments use cases and initiate business or investments around digital currencies, according to the posting.
Crypto custody firm Anchorage has announced it is offering blockchain governance voting services, starting with decentralized finance (DeFi) project (AAVE). Institutions and token holders can use Anchorage’s governance portal to participate in on-chain governance decisions critical to the Aave lending protocol, as the system uses a separate voting key so that digital assets can remain safely in storage.
Cross-blockchain decentralized storage and computing network Aleph has announced the release of decentralized indexing for the blockchain Solana (SOL). They stated that until now, applications built on Solana have had to rely on their own centralized indexing solutions requiring high costs for physical hardware, unfeasibly fast internet connections, and computing power, while Aleph provides a decentralized alternative.
Crypto mining company Argo Blockchain has filed for US Securities and Exchange Commission (SEC) approval to sell American Depositary Shares (ADS). If approved, this would be their secondary Nasdaq listing, and would trade under the ticker “ARBK.”
Investment news
Crypto exchange Binance has announced they have tightened the customer verification requirements on their platforms, as they extend their response to heightened regulatory scrutiny over recent months. With immediate effect, new customers must supply government ID and pass facial verification to meet "Intermediate" verification for access to services such as crypto deposits, trades and withdrawals, while existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdraw Only”, with services limited to withdrawal, order cancellation, position close, and redemption until they provide the necessary documents.
Crypto exchange OKEx has announced the launch of a USD 10m fund to help develop play-to-earn (or GameFi) projects. They will also host a hackathon with the theme "BUIDL IN METAFORCE" on August 26, where the winning team will receive USD 1m in funding as well as additional support from the exchange, such as advanced listing and promotional marketing.
Social media and marketing company Brave Bison has announced a partnership with non-fungible token (NFT) platform Power Up NFTs to facilitate the sale of the viral The Screaming Sheep video as an NFT. Brave Bison added that it has represented The Screaming Sheep video for a number of years and has worked with the video owner to license the content out to brands and organisations. It argued that the video is now considered to be one of the most famous viral pieces of content the internet has to offer.
Retail bank Lloyds Banking Group has posted a vacancy for Senior Manager in Digital Currency and Innovation to explore investment opportunities. The manager will develop payments use cases and initiate business or investments around digital currencies, according to the posting.
Crypto custody firm Anchorage has announced it is offering blockchain governance voting services, starting with decentralized finance (DeFi) project (AAVE). Institutions and token holders can use Anchorage’s governance portal to participate in on-chain governance decisions critical to the Aave lending protocol, as the system uses a separate voting key so that digital assets can remain safely in storage.
Cross-blockchain decentralized storage and computing network Aleph has announced the release of decentralized indexing for the blockchain Solana (SOL). They stated that until now, applications built on Solana have had to rely on their own centralized indexing solutions requiring high costs for physical hardware, unfeasibly fast internet connections, and computing power, while Aleph provides a decentralized alternative.
Crypto mining company Argo Blockchain has filed for US Securities and Exchange Commission (SEC) approval to sell American Depositary Shares (ADS). If approved, this would be their secondary Nasdaq listing, and would trade under the ticker “ARBK.”
Investment news
Starting August 26, 2021, FTX, Raydium and Apollo-X will host the sale of the highly anticipated tokens of the Solana-powered Star Atlas metaverse, ushering in the next era of play-to-earn enabled GameFi revolution. In the two IDOs, additional allocation of ATLAS and POLIS tokens will be available to holders of meta-posters.
FTX:
https://help.ftx.com/hc/en-us/articles/4405371380116-How-to-participate-in-the-Star-Atlas-Sale
Raydium:
https://raydium.medium.com/star-atlas-is-launching-on-acceleraytor-fa35cfe3291f
Appollo-X
https://apollox.paidnetwork.com/project/star-atlas
Official Websites:
* https://StarAtlas.com
* app: https://play.staratlas.com/
Telegram: https://t.me/staratlasgame
FTX:
https://help.ftx.com/hc/en-us/articles/4405371380116-How-to-participate-in-the-Star-Atlas-Sale
Raydium:
https://raydium.medium.com/star-atlas-is-launching-on-acceleraytor-fa35cfe3291f
Appollo-X
https://apollox.paidnetwork.com/project/star-atlas
Official Websites:
* https://StarAtlas.com
* app: https://play.staratlas.com/
Telegram: https://t.me/staratlasgame
Ukrainian police seize 3,800 PS4 consoles used for illegal crypto mining.
Miners used an empty warehouse of an electricity supply company to plug into the grid and mine crypto on a variety of devices, including gaming consoles.
Ukrainian authorities have raided an allegedly illicit crypto farm in the country. According to an official announcement from the Security Service of Ukraine, the facility was located on the former premises of JSC Vinnytsiaoblenergo, an electricity supply company.
The illegal crypto miners concealed their activities by manipulating electricity meters to steal electricity from JSC Vinnytsiaoblenergo.
Described as the largest underground mining operation discovered by the Ukrainian police, the farm housed nearly 5,000 computer equipment units, including 3,800 PlayStation 4 consoles, over 500 graphics cards, 50 processing units, notebooks, phones and flash drives.
The SBU estimated the state’s monthly losses due to electricity theft — which had the potential to cause electricity shortages for the entire city of Vinnytsa — to range between $186,200 and $259,300.
Several estimates show that Sony’s last-gen gaming console, PlayStation 4, is not the ideal rig to mine cryptocurrency. Given its slightly outdated configuration compared to many mining rigs available today, even a 16-console PS4 setup would fail to generate meaningful returns with legal electricity usage.
Ukraine was ranked as the world’s leader in Chainalysis’ Global Crypto Adoption Index last year. The Eastern European country is trying to lead the region with crypto-friendly initiatives such as the proposal of a bill that aims to determine the legal status of crypto assets, including rules for their circulation and issuance in the country.
Miners used an empty warehouse of an electricity supply company to plug into the grid and mine crypto on a variety of devices, including gaming consoles.
Ukrainian authorities have raided an allegedly illicit crypto farm in the country. According to an official announcement from the Security Service of Ukraine, the facility was located on the former premises of JSC Vinnytsiaoblenergo, an electricity supply company.
The illegal crypto miners concealed their activities by manipulating electricity meters to steal electricity from JSC Vinnytsiaoblenergo.
Described as the largest underground mining operation discovered by the Ukrainian police, the farm housed nearly 5,000 computer equipment units, including 3,800 PlayStation 4 consoles, over 500 graphics cards, 50 processing units, notebooks, phones and flash drives.
The SBU estimated the state’s monthly losses due to electricity theft — which had the potential to cause electricity shortages for the entire city of Vinnytsa — to range between $186,200 and $259,300.
Several estimates show that Sony’s last-gen gaming console, PlayStation 4, is not the ideal rig to mine cryptocurrency. Given its slightly outdated configuration compared to many mining rigs available today, even a 16-console PS4 setup would fail to generate meaningful returns with legal electricity usage.
Ukraine was ranked as the world’s leader in Chainalysis’ Global Crypto Adoption Index last year. The Eastern European country is trying to lead the region with crypto-friendly initiatives such as the proposal of a bill that aims to determine the legal status of crypto assets, including rules for their circulation and issuance in the country.
🔥 Imagine Fair Launches 🚀 with x10 to x500 returns ! 💰
🌟 No scams, No presale, No VC !
It’s the goal of Crypto Factory 💰🚀
All the projects are only fair launches with
✅ verified teams 👱🏻♂️
✅ audited contracts 📃
✅ small market cap 💰
✅ locked liquidy 🔐
✅ transparent tokenomics 📈
JOIN NOW ➡️➡️ https://bit.ly/3Bdkds1
A new coin launched every week 🚀 x10 to x500 is possible each week !
JOIN NOW ➡️➡️ https://bit.ly/3Bdkds1
🌟 No scams, No presale, No VC !
It’s the goal of Crypto Factory 💰🚀
All the projects are only fair launches with
✅ verified teams 👱🏻♂️
✅ audited contracts 📃
✅ small market cap 💰
✅ locked liquidy 🔐
✅ transparent tokenomics 📈
JOIN NOW ➡️➡️ https://bit.ly/3Bdkds1
A new coin launched every week 🚀 x10 to x500 is possible each week !
JOIN NOW ➡️➡️ https://bit.ly/3Bdkds1