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Privacy Coins Monero, Zcash, Horizen 'At Risk' of Delisting by Binance
Binance has flagged several privacy coins with a "monitoring tag" indicating that they are at risk of being delisted from its platform.
Crypto exchange Binance has added a "monitoring tag" to a list of cryptocurrencies including privacy coins Monero (XMR), Zcash (ZEC), Horizen (ZEN) and Firo (FIRO).
In an announcement, Binance said that tokens with the monitoring tag "exhibit notably higher volatility and risks compared to other listed tokens," and are "at risk of no longer meeting our listing criteria" and being delisted from the exchange.
It added that tokens with the monitoring tag are subject to regular reviews. Criteria considered during its reviews include trading volume and liquidity, network stability and security, and "contribution to a healthy and sustainable crypto ecosystem," as well as "responsiveness to our periodic due diligence requests." Read More
Bitcoin’s first wallet receives $1.17M in surprise transaction
Conor Grogan, a director at Coinbase, suggested that the anonymous Bitcoin transfer could be some sort of weird ETF marketing scheme.
An unidentified Bitcoin user transferred 26.9 Bitcoin worth $1.17 million to the genesis wallet — the first ever wallet on the Bitcoin network set up by Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
The Bitcoin transaction occurred on Jan. 5 at 1:52 am Eastern Time. The amount was sent from an emptied wallet to the genesis wallet, accompanied by a transaction fee of $100, notably higher than the average.
The wallet’s initial funding involved moving funds from three wallets to 12 others. Most of the funds originated from a wallet associated with Binance on Arkham Intelligence, a blockchain analytics platform. Read More
Solana’s LFG Token Lures Ethereum Users, Plans Second Airdrop and Grants Program
Solana's “Less Fn Gas” airdropped LFG tokens to Ethereum users who spent over $4,269 in gas over the last year. It doesn't want to stop there.
A new Solana project called “Less Fn Gas” captured the attention of Crypto Twitter earlier this week when it airdropped 40% of its LFG token supply to Ethereum users.
It was a ploy to entice Ethereum maxis to give Solana a try—hop over the proverbial fence, see that the grass on the SOL DeFi field might actually be greener, and, well, spend less f’n gas. (That is, of course, spend less on transaction fees, which can be quite expensive on Ethereum.)
And despite soaring to a $129 million fully diluted market cap, and then crashing down to around $25 million once the hype began to fade, the team behind the project isn’t stopping there. They’re now planning a second airdrop—one that will be even more inclusive than the first—and establish a grants program for Ethereum devs who make the switch to Solana, a pseudonymous core team member of LFG tells Decrypt. Read More
What is a mainnet in cryptocurrency, explained
A mainnet, short for “main network,” is the primary blockchain network where actual transactions occur, and the native cryptocurrency is used.
It is not the same as testnets or experimental environments; instead, it is the product of development activities. The mainnet is distinguished by the use of its own cryptocurrency, a digital asset essential to the network’s operation. This native currency is vital to the ecosystem’s governance procedures, staking schemes and transaction fees.
Blockchain platforms usually go through testnet phases before launching on a mainnet. Developers can experiment with these test environments without using actual cryptocurrency. A platform moves to the mainnet, where real assets are traded after it is deemed ready. The mainnet uses a particular consensus process to validate and confirm transactions, such as proof-of-work (PoW) or proof-of-stake (PoS).
Validators and miners are essential on the mainnet, depending on the consensus mechanism. 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
Bitcoin Ordinals versus off-chain NFT storage: Execs explain how to choose
Atlas Development co-founder Witek Radomski explained that hybrid storage options such as Filecoin or IPFS could be the solution.
As on-chain and off-chain storage of nonfungible tokens (NFTs) have their own unique pros and cons, Web3 executives urged creators to consider what types of NFTs deserve a residence in the blockchain and which should live outside the chain.
In 2022, NFTs were not stored on the blockchain. The norm then was that NFTs in the blockchain pointed to a data storage location outside the chain. Jana Bertram, the head of strategy at Rari Foundation, said that the problem with this type of NFT storage was highlighted early in the FTX bankruptcy saga. At the time, NFTs hosted on FTX broke, showing blank images instead of the original artworks. Bertram explained:
“Off-chain storage relies on the network’s accessibility and the storage layer availability. This implies that the security of the NFT is susceptible to more potential compromises, affecting its permanence.” Read More
Crypto gateway CoinsPaid hacked for over $7.5M — Cyvers
CoinsPaid has experienced its second security breach in six months, according to Web3 security firm Cyvers.
Crypto payment gateway CoinsPaid has experienced its second security breach in six months. Web3 security firm Cyvers reported detecting unauthorized transactions of nearly $7.5 million.
Cyvers’ artificial intelligence system detected multiple irregular transactions on Jan. 6, allowing the withdrawal of $6.1 million worth of digital assets in Tether, Ether, USD Coin and CoinsPaid’s native token CPD.
According to Cyver’s team on X (formerly Twitter), the attacker swapped around 97 million CPD tokens for ETH worth approximately $368,000 before moving the funds to externally owned accounts (EOAs) and crypto exchanges MEXC, WhiteBit and ChangeNOW. CoinGecko’s data shows CPD trading at $0.0006 at the time of writing, down 39.5% in 24 hours.
Following further analysis, Cyver identified unauthorized transactions involving BNB worth more than $1 million, bringing the total amount stolen close to $7.5 million. Read More
Celsius to Unstake $466 Million Ethereum Holdings, 'Ensure Ample Liquidity' for Creditors
Celsius accounts for almost a third of ETH awaiting withdrawal, as it begins "recalling and rebalancing assets" ahead of asset distributions.
Bankrupt crypto lender Celsius Network will unstake its existing holdings of Ethereum in order to "ensure ample liquidity" when distributing assets to its creditors.
In a tweet, Celsius Network announced that it "has started the process of recalling and rebalancing assets," in preparation for asset distributions.
It added that it would unstake its existing ETH holdings, "to offset certain costs incurred throughout the restructuring process," noting that its staked ETH has "provided valuable staking rewards income to the estate." Read More
Pixels Game Airdrop Announced—Here’s How to Get Pixel Tokens
Airdrops continue to keep crypto believers enthralled, further fueled by Pixels’ latest announcement.
You get an airdrop, and you get an airdrop—and Pixels players get an airdrop, too.
The smell of airdrops is again in the air as countless crypto projects try to drum up interest and excitement in their new endeavors by—essentially—giving out free money. Or “money.”
Crypto traders love being rewarded for making blockchain transactions with more crypto, and the Pixels gaming community is no exception.
Interest in the browser-based retro MMORPG game surged when Pixels migrated to Axie Infinity’s Ronin blockchain back in October. While the game has seen some bot activity, Pixels also saw over $3 million in NFT land sales in the past month, per CryptoSlam data. 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.
