x
Image Source: Pixabay
Alameda-Linked Addresses Begin Swapping Ethereum, ERC-20 Tokens for Bitcoin
It is currently unclear who was behind the latest transfers from crypto wallets associated with Alameda Research.
Several wallets associated with Sam Bankman-Fried’s trading firm Alameda Research came to life late a few hours ago, swapping various cryptocurrencies.
Martin Lee, a data journalist at Nansen, was among the blockchain sleuths to point to “lots of activity going on among Alameda wallets” in the late hours on Tuesday evening, with various Ethereum-based tokens consolidated into two main wallets, which were later swapped for Ethereum (ETH) and Tether (USDT).
The transactions in question included 3,263 Convex Finance tokens (CVX) worth $11,390 sent from Convex Finance to an Alameda Research wallet.
These funds were then sent to a MetaMask wallet, along with 74,112 CRV, equivalent to $39,152, again sent from Alameda Research to a MetaMask wallet.
A third transfer of 45.6 ETH worth $55,219 was sent to an unknown address, with the funds further sent to instant exchange services ChangeNow and FixedFloat. Read More
The Music Industry Shows Non-Speculative Real-Life Applications for Tokens
What do you know about the use of crypto tokens? One can swap, trade or hold them. We rarely believe that a token could be useful in the real world. The music industry was among the first to demonstrate how it could look.
More and more musical acts, whether established or emerging, are taking digital steps by using blockchain platforms or creating NFT collections.
However, it is still far from what we consider mass adoption. The tools have changed but the methods have not. Still, music labels, streaming platforms and producers take the majority of an artist’s earnings.
The system continues to be complex to those who create the fundamental value of this industry – music. It will not work, however, until we make technology understandable to everyone and demonstrate what can be done without metaphors and ambiguous language. Read More
Beosin partners with Lemonchain to secure the blockchain ecosystem
Beosin is extremely pleased and takes enormous pleasure in announcing that they have officially formed a mutually beneficial partnership with Lemonchain. With this very partnership being set in position, it is both of the entities’ prime aim and intention to get actively involved in the speeding up of matters related to risk management, where digital assets are concerned. They will also be looking into effectively upgrading all matters pertaining to overall security-related issues in the blockchain ecosystem.
To better understand just how well thought out this partnership really is, it becomes necessary to delve a little further into what these two individual entities entail. Beosin is an absolute top-of-the-line blockchain security firm that has been co-founded by a posse of professors selected from globally famous and prime universities. There is also the factor of more than forty PhDs in the fold. It also happens to be spread out over many countries. The primary priority of the firm is securing the blockchain ecosystem. The secondary line of action happens to be in offering blockchain security solutions in matters of Contract Audit, Risk monitoring and Alert, KYT/AML, and trading in crypto. Read More
Crypto’s recovery requires more aggressive solutions to fraud
After 2022, we need to do more to assure sceptical users that they can invest in cryptocurrency without fearing that their funds will be lost.
It’s hardly an exaggeration to say that our industry is facing tough times. We’ve been in the midst of a “crypto winter” for some time now, with the prices of mainstays, including Bitcoin and Ether, tumbling. Likewise, monthly nonfungible token (NFT) trading volumes have fallen more than 90% since their multibillion-dollar peak back in January of this year. Of course, these declines have only been exacerbated by the numerous black swan events rocking the crypto world, such as the FTX and Three Arrows Capital meltdowns. Taken together, it shouldn’t be a surprise that crypto is facing a trust deficit.
While the destructive actions of reckless CEOs must be addressed and the individuals responsible for these events must be held accountable, our industry cannot stop there if we are to rebound. To address the trust deficit that crypto faces, better security for the end user against the threat of scams and hacks must be a priority.
Don’t think so? According to research firm Chainalysis, $3.2 billion worth of digital assets were stolen in 2021. It’s not looking better for our industry this year, with $718 million in overall hacking-related losses having been reported in October alone. When it comes to scams, the picture darkens as report after report shows that known crypto scams, such as rug pulls and wallet drainers, are on the rise. Between July 2021 and August 2022, an eye-popping $100 million in investor funds were lost through unsophisticated NFT scams. And this number is likely an under-count given that most NFT scams are micro-scams impacting individual users that never get reported. Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
COTI Protocol Announces Successful Hard Fork
Blockchain Protocol Coti, the protocol behind Cardano’s new stablecoin, has announced that it has successfully upgraded its network, MultiDAG 2.0.
The upgrade aims to transition its ecosystem from a single-currency infrastructure to a multi-token network.
The DeFi protocol behind Cardano’s new Djed stablecoin has announced the successful hard fork MultiDAG 2.0, aiming to transition the ecosystem from a single-currency infrastructure to a multi-token network. Coti revealed the launch of the mainnet on the 29th of December, during which Explorer 2.0 and the Bridge 2.0 app were also deployed. The team behind a protocol released a statement stating, Coti’s MultiDAG 2.0 Mainnet Goes Live
“This launch signifies a massive step for the crypto industry, as well as COTI, as the MultiDAG 2.0 will increase the growth of the widespread adoption of crypto payments for enterprises that are yet to adopt crypto payment solutions. The transition from a single currency infrastructure to a multi-token network is an exciting step for us, and we’re glad to have your support on this important path.” Read More
Gold-Based Digital Assets Issued in Russia
A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first.
Russia’s Sber Bank Mints Gold-Backed Coins:
Sber, Russia’s largest bank, has reported issuing gold-based digital financial assets (DFAs) on its proprietary blockchain. The coins were minted for Solfer, a holding specialized in the processing and trading of metals and making products from precious metals.
The Russian law “On Digital Financial Assets,” which entered into force in January 2021, allows companies to tokenize various assets. Sber Bank is one of three “information system operators” authorized by the Bank of Russia to issue DFAs, alongside Atomyze and Lighthouse. The latter conducted Russia’s first DFA issue in June of this year.
The DFA issued for gold represents a monetary claim on the asset, Sber explained. Its price and the obligations associated with it will depend on the dynamics of gold prices, the bank elaborated in an announcement, noting this is the first transaction of this kind on its blockchain.
“We were attracted by the new digital format for gold, and we decided to try a new way to diversify the company’s balance sheet … We think that a new format of investment in precious metals can find its niche in the market,” commented Maxim Nazhmetdinov, the chief executive of Solfer. Read More
BMW decides to incorporate blockchain technology for a loyalty program
Of late, it has been observed that many prime manufacturing companies were beginning to lean towards the overall NFT arena. Now, it is the turn of the absolute top-of-the-line car manufacturing company based in Germany, BMW. The company has finally decided to go in for the incorporation of blockchain technology into its existing organizational structure. Therefore, its aim and intention are to actively engage with the BNB chain, together with Coinweb, which happens to be a blockchain infrastructure company. As a part of its ongoing plans, this incorporation of blockchain technology will be effectively utilized in day-to-day functions. Along with all of this, BMW is in the process of building, especially for its Thailand-based customers, a blockchain loyalty program.
Incidentally, incorporating blockchain technology is not exactly some alien factor for BMW. Sometime in 2018, it also utilized blockchain technology to control and supervise its cobalt supply. In the present scenario, however, the car manufacturer’s plans and vision are to utilize the BNB chain for the settlement of transactions. In the case of Coinweb, it will be in the area of offering a decentralized framework.
The utilization of blockchain technology will be spaced out over two separate phases. In the starting process, decentralized technology will play an active part in its ongoing business functions. This will be done with the sole aim of doing away with all of the strenuous manual-based processes. Along with that, it will also play a role in the quickening of the financial services of the company. Read More
Binance Launches Apple Pay And Google Pay Payment Services
Crypto exchange Binance will now allow users to buy cryptocurrencies on its platform using the payment services of Apple Pay and Google Pay.
In their latest Binance Build update, the crypto exchange announced that the platform had adopted the two payment services into its platform.
The Binance team tweeted,
“Apple Pay and Google Pay payment options are now available on Binance! Purchase crypto, with ease.”
This means that customers can now pay for cryptocurrencies using either Apple Pay or Google Pay. The update has already been implemented, and early responses indicate that the new functionality is working properly. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
