Autor Cointelegraph By Arnold Kirimi

Coinbase seeking aggressive European expansion amid crypto winter

Coinbase seeking aggressive European expansion amid crypto winter

Uverejnil používateľ | jún 30, 2022 |

Coinbase is expanding its operations into various countries in Europe amid a “crypto winter.” Despite laying off numerous employees and rescinding job offers, Coinbase’s vice president Nana Murugesan revealed intentions to register in Italy, Spain, France and the Netherlands.In Switzerland, the United States-based cryptocurrency exchange has already hired its first employees, and it is already licensed to trade cryptocurrencies in the United Kingdom, Ireland and Germany.In an interview on June 29, Murugesan stated that the firm is now looking to expand into Europe. Furthermore, amid the cryptocurrency market slump, the company is also open to acquisitions in the region.He feels that it’s the ideal moment to expand into other countries because many crypto-focused businesses are having cash shortages and bankruptcy risks. The crypto market crash has wiped out almost $2 trillion from the overall market value. Currently, the market capitalization is approximately $900 billion, owing to the liquidity crisis, which has forced Three Arrows Capital and Celsius Network to almost shut down. He stated that:“When we entered U.K. and Europe, this was actually during the last big bear market in 2015-2016.”Cointelegraph reached out to Coinbase for comment but has not received a reply as of press time.While Coinbase is the most well-known cryptocurrency exchange in the United States, it faces fierce competition from newer entrants like Binance, FTX, and Crypto.com. When Binance’s U.S. affiliate announced that it would no longer charge fees for Bitcoin trading, Coinbase’s shares dropped.Coinbase is working to keep up with its competitors, which are gaining a lot of popularity in other areas of the world. Both Binance and FTX received licenses in the Middle East. In addition, Binance has obtained licensing in France and Italy and is seeking permissions in additional European nations.Related: Crypto exchange Binance seeks critical licenses in Philippines, CEO saysWhile the worldwide technology industry is experiencing layoffs, Coinbase has not been immune. The crisis compelled the firm to reduce almost 18% of its global personnel in June, affecting its personnel in the UK and Ireland as well.

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OpenSea data breach causes massive leak of users' email addresses

OpenSea data breach causes massive leak of users' email addresses

Uverejnil používateľ | jún 30, 2022 |

OpenSea, the world’s largest nonfungible tokens (NFT) marketplace, has issued a warning to customers after it was discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party.The breach has affected all of the users who have given their email to the marketplace, whether it’s for the platform or its newsletter. Following the breach, OpenSea advised customers against potential phishing attempts.The NFT marketplace announced on Thursday that it has contacted law enforcement officials about the breach and that an investigation is in progress.An employee of our email vendor, https://t.co/6vM4WAcJal, misused their employee access to download & share email addresses with an unauthorized external party. Email addresses provided to OpenSea by users or newsletter subscribers were impacted.https://t.co/Osb6qqkqZZ— OpenSea (@opensea) June 30, 2022The most recent data breach is far from the first major assault on OpenSea and its users this year. In May, the popular NFT marketplace’s Discord server was hacked, leading to a deluge of phishing assaults. In the event, numerous user wallets were exploited. In January, the platform was subjected to one of its most severe assaults yet, in which an exploit allowed attackers to sell NFTs without permission. The marketplace reimbursed $1.8 million in losses.My info was breached thanks to OpenSea and Customer io Lord Jeebus help me. I was wondering why I had so many spammy texts, phone calls, and emails lately. — Metzilmazatl (Moon Deer)️‍ (@TheAscendant3) June 30, 2022

In March, Hubspot, a comparable service to Customer.io, was hacked, exposing customers’ usernames, phone numbers and emails on BlockFi, Swan Bitcoin, NYDIG and Circle. Customers of these platforms had their names, phone numbers, and email addresses released to an unknown party.Related: OpenSea Discord server hacked, users warned to be vigilant of phishing scamsOpenSea warned that hackers may attempt to contact OpenSea customers through emails from domains that appear similar to OpenSea.io or OpenSea.xyz. Users on Twitter have reported an increase in spam emails, phone calls, and text messages.

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Alkemi Earn integration brings DeFi lending to 1.5M Ledger users

Alkemi Earn integration brings DeFi lending to 1.5M Ledger users

Uverejnil používateľ | jún 29, 2022 |

The Alkemi Earn app has been added to the hardware wallet Ledger’s Discover area, making decentralized finance (DeFi) lending and borrowing service accessible to Ledger’s 1.5 million active customers.According to a Tuesday announcement, users of Ledger Live can now earn yield on their assets with the Alkemi Earn integration. The goal of the Ledger project is to provide consumers with a method of buying and utilizing digital assets without giving them up to third-party platforms or systems.”With Alkemi, Ledger users will have more ways to grow their assets while enjoying all the benefits of crypto without centralized custodians,” said JF Rochet, the vice president of international development for Ledger.In February 2021, Ledger launched DeFi efforts with the open-source protocol WalletConnect, allowing users to access decentralized applications (DApps), such as Uniswap, 1inch and Curve.Alkemi Earn is a lending protocol that enables institutions and retail borrowers to co-exist side by side. Alkemi allows institutions to put money into DeFi in a safe counterparty setting by providing both a Bank-Grade Verified pool and a permissionless Open pool. Since launching, the platform has amassed over $50 million in gross deposits. The integration with Ledger Live will likely attract even more users to the protocol.Alkemi Network’s Co-Founder, Brandon Mahoney, emphasized that this process is more secure than other competitors’ products and solutions for noncustodial yield farming, stating that:“Not your keys, not your coins,’ as the saying goes. With this native integration into Ledger Live, Alkemi Earn unlocks a protocol powered cash management experience for Ledger’s community. This is what bridging CeFi to DeFi is all about.”Alkemi Earn’s ecosystem of products and services includes Ether (ETH), Dai (DAI), USD Coin (USDC), and wBTC as supported on-chain assets. Users can also earn ALK tokens by loaning and borrowing.Related: FTX joins other crypto goliaths to promote autonomy over sensitive informationStaking is the process of delegating crypto to a staking validator in order to help secure a blockchain. It derives its name from the word “stake,” which refers to earning crypto profits and an associated passive revenue through a proof-of-stake consensus mechanism, as opposed to the Bitcoin (BTC) network’s mining-based proof-of-work.

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KPMG enters the metaverse, invests $30M in Web3 employee training

KPMG enters the metaverse, invests $30M in Web3 employee training

Uverejnil používateľ | jún 28, 2022 |

KPMG, one of the Big Four accounting firms in Canada and the United States, has revealed the opening of its first metaverse collaboration hub to help its employees and clients pursue growth opportunities in the digital era.KPMG is entering the metaverse with a new collaboration hub that will connect employees, clients, and others with Web3. The company is making a collective $30 million investment this year in Web3 experiences, with the metaverse hub as the “signature piece.”According to a Tuesday report by Fortune, the hub will be focused on education, collaboration, training, events and workshops with Cliff Justice, KPMG U.S. leader of enterprise innovation claiming that it is presently being utilized for such things but that KPMG intends to hire people to build it and expand it over time.The long-term objective for the company is to examine other potential metaverse use cases such as health care, consumer, retail, media and financial services. Global spending in the #metaverse could reach $5 trillion by 2030❗#eCommerce and #VirtualAdvertising are expected to be the main source of income in the space.What do you think❓Read the full @McKinsey report on @Cointelegraph https://t.co/zrakjjxoja pic.twitter.com/yfwDFHyAkw— THE RELEVANCE HOUSE. (@RelevanceHouse) June 28, 2022Laura Newinski, deputy chair and chief operating officer at KPMG in the U.S., said:”The metaverse is a market opportunity, a way to re-engage talent, and a path to connect people across the globe through a new collaborative experience.”The companies will continue to explore possibilities in the crypto and Web 3.0 space, co-create new tools and solutions that provide critical insights, launch immersive learning and development platforms, recruit talent to contribute knowledge and help navigate the changing confluence of the physical and digital worlds, among other things, as part of its innovation strategy.Related: Yahoo launching Metaverse events for Hong Kong residents under restrictionsThe COVID-19 epidemic sparked people’s interest in the metaverse. There has been an increase in the desire for methods to make internet contact more lifelike as more individuals work and go to school online. JPMorgan, one of the biggest banks in the United States, made headlines earlier this year by publishing a paper suggesting metaverse technology was a “one trillion-dollar opportunity,” along with establishing its own virtual headquarters in the Decentraland (MANA) metaverse.

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Axie Infinity to compensate Ronin exploit victims and relaunch bridge

Axie Infinity to compensate Ronin exploit victims and relaunch bridge

Uverejnil používateľ | jún 24, 2022 |

Sky Mavis, the creator of the play-to-earn game Axie Infinity, announced that it will reimburse victims of the Ronin bridge hack and reopen the bridge next week.In March, hackers stole more than $620 million in the heist, which included roughly 17,600 Ether (ETH) and 25.5 million USDC tokens. According to a Bloomberg report on Friday, Once the bridge reopens on June 28, users will be able to withdraw one ETH for each one they possessed before the attack.In April, Cointelegraph reported that Sky Mavis closed $150 million in fresh capital led by Binance to refund hack victims. Animoca Brands,16z, Dialectic, Paradigm, and Accel were among the investors during the funding round.Bridge being refilled on the 28th Now it’s time for @Ronin_Network and @SkyMavisHQ to expand its games portfolioIf you are a game developer who wants to build with the most experienced team in the web3 gaming space reach out to partnerships@skymavis.com$ron $axs https://t.co/DPkg8DUeUW— Psycheout – Aleksander | Axie Infinity (@Psycheout86) June 24, 2022The hacker moved the stolen assets around soon after the breach, using TornadoCash to conceal their activities. This is a significant issue for the decentralized finance (DeFi) industry, which has suffered more than $1.22 billion in losses thus far this year.The Ronin hack was one of the most notable events in recent memory, causing tremors throughout the cryptocurrency industry. Despite this, the Ronin blockchain was not deterred in its mission to achieve significant milestones.In early June, the blockchain surpassed $4 billion in all-time nonfungible token (NFT) sales volumes, and it remains popular as a digital collectible network. In terms of all-time NFT sales volumes, it is second only to Ethereum. It beats Solana, Flow, Polygon, and WAX, among many others.Related: Breaking: Harmony’s Horizon Bridge hacked for $100MHacks, rug-pulls, and protocol flaws are all common within the cryptocurrency industry. It appears like not a single day goes by without news of another hacking. On Friday, Cointelegraph reported that the Horizon Bridge to the Harmony layer-1 blockchain had been exploited for $100 million in altcoins being swapped for Ether. According to Immunefi, cybercrime losses reached $10.2 billion in 2021.

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