Autor Cointelegraph By Zhiyuan Sun

Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins in

Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins in

Uverejnil používateľ | mar 9, 2022 |

On Wednesday, total crypto donations across Ukrainian government wallet addresses, charities, and relief efforts tracked by Cointelegraph has reached $108 million. The top three recipients of such funds included the official Bitcoin (BTC) and Ethereum(ETH) wallet addresses of the Ukrainian government, and a BTC donations address for Come Back Alive. The same day, Kraken announced that it would distribute over $10 million to clients who created an account from Ukraine before Mar 9 for relief efforts. Regardless of their account balance held, Ukrainian clients of Kraken would receive $1,000 in BTC each during the first trach of fund disbursement, which can be withdrawn immediately. The exchange also waived currency exchange fees for withdrawals of up to $1,000. Jesse Powell, Kraken’s CEO, gave the following remarks regarding the aid package: “Cryptocurrency remains an important humanitarian tool, especially at a time when many around the world can no longer rely on traditional banks and custodians.”Funds will be distributed throughout the year, in part to give Ukrainian residents time to complete Kraken’s ‘intermediate’ know-your-customer verification process. Perhaps ironically, fees collected from Russia-based Kraken accounts will partly fund the aid package.Kraken will distribute over $10 million worth of to aid clients in Ukraine. Tranche 1 recipients will be credited $1000 of #BTC, withdrawable tomorrow. The package is funded by historical Ukraine revenues and H1 2022 revenues from Russia-based trading.https://t.co/DdkY2TsVoB— Kraken Exchange (@krakenfx) March 9, 2022Bored Ape Yacht Club, or BAYC, too, joined in on crypto fundraising efforts for Ukraine on Wednesday. After collecting nearly $1 million in ETH from wallets containing a BAYC nonfungible token, the developers behind BAYC said it would match the contribution with a $1 million ETH donation of their own.It’s been inspiring seeing our community come together in support of Ukraine – almost $1m in ETH has been donated to @Ukraine by wallets containing a BAYC ecosystem NFT. Today we’re matching that with a $1m ETH donation of our own. ♥️— Bored Ape Yacht Club (@BoredApeYC) March 8, 2022

Other notable contributions include Binance’s Ukraine Emergency Relief Fund, which has received over $11.3 million in BTC, ETH Binance Coin (BNB), and Binance USD since inception. In addition, during its last update on Mar 3., it appears Kuna’s Crypto Fund of Ukraine has received over $14 million in major altcoins such as Polkadot (DOT), Tether (USDT), Candle, USDC, and DAI. 

Čítaj viac
How HAL and Aldrin are helping to keep crypto assets secure during bear markets

How HAL and Aldrin are helping to keep crypto assets secure during bear markets

Uverejnil používateľ | mar 8, 2022 |

Crypto bear markets are known for their downturns and their liquidations for investors who are trading with leverage. On top of that, decentralized finance, or DeFi, projects can become targeted by hacks or suffer rug pulls, leading to enormous losses for investors of their tokens. Now new software seeks to alert investors in real-time about potential risks to their positions. Users and executives from two such services, HAL and Aldrin, explain. HAL is a Web3 data infrastructure tool allowing companies or traders to track, monitor and trigger data. HAL recently launched simple API notifications on Avalanche (AVAX), which seeks to enable users on the blockchain to automate notifications of risky positions. Meanwhile, Aldrin is the first fully-audited decentralized exchange, or DEX, on Solana (SOL). Marco De Rossi, the co-founder of HAL, explained that users can notify anyone on any channel of suspicious DeFi activities on an address with wallet monitoring. “We already have hundreds of Avalanche users playing with Pangolin (PNG), Sushiswap (SUSHI), Aave (AAVE) and also wallet monitoring and much more. In addition, TraderJoe is soon coming, as well as the top 10 Avalanche ecosystem apps in general,” says Rossi.Meanwhile, a HAL user, who wished to remain anonymous, told Cointelegraph:”I use AAVE, and HAL directly integrated with them, allowing me to be notified if my position there becomes at risk; without me refreshing their dashboard, I can then take action quickly.”The anonymous user added that: “I may also want to be the first to know when something new comes up, and for this, HAL allows me to follow every new smart contract deployed by a developer I follow, that way, I can start my research faster and stay up to date.”Regarding the price volatility of tokens, Hisham Khan, founder and CEO of Aldrin, explained that it could be very difficult to execute trades manually and get a reasonably decent price. “If you’re exposed to smaller or even mid-market cap tokens, the downside when Bitcoin or Ethereum breaks certain support levels is insane; you can lose 70% gain within 48 hours,” said Khan.He raised the example of rebalancing a portfolio of 25 tokens taking up to 30 minutes if done manually, but allegedly only seconds if done via Aldrin’s rebalancing feature. “The automation features provided by Aldrin such as the Rebalancer and auto-rebalance when providing liquidity in pools saves me a lot of time,” commented an Aldrin user, who wished to remain anonymous. Like all DEXs, Aldrin faces potential security risks. But according to Khan, Aldrin has been fully audited and would thus have greater strength to combat those risks. He added:”There is always the risk of impermanent loss risk that liquidity providers are exposed to. The projected returns […] could be false or scams if the underlying token is not under Aldrin pools […] but this is made clear as a disclaimer to the users.”

Čítaj viac
Ledger announces limited edition NFT-focused hardware wallet, partnership with POAP

Ledger announces limited edition NFT-focused hardware wallet, partnership with POAP

Uverejnil používateľ | mar 8, 2022 |

Hardware wallet company Ledger announced on Tuesday that it would release a limited edition of a brand new hardware wallet, the Ledger Nano S Plus, with only 10,000 devices available for pre-order at $79 each. In addition to the event, Ledger announced a global partnership with Ethereum-based Proof of Attendance Protocol, or POAP.POAPs are referred to as digital memories of nonfungible tokens, or NFTs, as they show proof of engagement and attendance for key moments. In January, Ethereum’s co-founder Vitalik Buterin highlighted the potential importance of making NFTs soulbound to enable proof of achievement. “Securing and protecting your digital memories, like the POAP you can collect with your Ledger Nano S Plus, is a must for anyone building their lifelong collection,” said Lucas Verra, CEO of POAP. The Genesis Edition of the Ledger Nano S Plus will feature a special engraving. Each package will also include a card redeemable for a Genesis POAP NFT, allowing users to carry proof of this exclusive hardware wallet in their digital wallets as well. POAP will also be minting special edition NFTs for Ledger events in the future. Ian Rogers, Ledger’s chief experience officer, gave the following remarks regarding the development:”This partnership with POAP and launch of the Ledger Nano S Plus Genesis Edition at an affordable price marks the acknowledgment that digital assets will only increase as a tool for life experiences, and we want to bring millions more into Web3 securely; as it happens.”The Ledger Nano S Plus is the first hardware wallet Ledger has released since the debut of the Ledger Nano X in 2019. The firm says it has sold over 4.5 million Ledger Nano hardware wallets and nearly 20% of the world’s digital assets secured by Ledger devices. The Nano S Plus supports every type of digital asset, from over 5,500 coins and tokens to NFTs.

Čítaj viac
DeFi detective alleges this ‘suspicious’ smart contract code may put dozens of projects at risk

DeFi detective alleges this ‘suspicious’ smart contract code may put dozens of projects at risk

Uverejnil používateľ | mar 8, 2022 |

According to famed decentralized finance (DeFi) detective Zachxbt, 31 nonfungible token (NFT) projects may be at risk due to “suspicious code.” In a lengthy Twitter thread published Tuesday, the DeFi detective first raised the issue of NFT project Thestarlab, which was allegedly compromised for 197.175 Ether (ETH), worth $580,325 at the time of publication. Zachxbt quoted fellow blockchain investigator MouseDev, who came to the following conclusion after reviewing the code behind Thestarlab: “The smart contract [for this project] can never truly be renounced or transferred—only an additional owner. The original deployer will always be considered the owner. This means if they still have the private key of the deployer, they can pull the money, even though the owner is the null address.”MouseDev claimed that when the projects’ developers deployed their contract, they stored two variables as the owner. “Then they later changed one of them to the null address to appear as though they relinquished but kept another unchanged variable,” said MouseDev.Based on this information, Zachxbt claimed to have uncovered 31 NFT projects that all contracted the same Fiverr developer to deploy the allegedly problematic smart contract. Additionally, the DeFi detective had the following remarks:“Please do proper due diligence. Always review the contract beforehand, especially if outsourced. Luckily, since then a few of the projects were able migrate contracts and confront the Fiver dev. After reviewing internally, a few found other red flags as well.”1/ Recently a NFT project wascompromised rugging the team of197 ETH. Interestingly enough,suspicious code lay within thesmart contract potentially putting31 other NFT projects at risk. Howis this possible you ask? Well let’sdive in. pic.twitter.com/NelTIkoNVm— zachxbt (@zachxbt) March 8, 2022

Čítaj viac
Blockchain document transfer provider CargoX extends agreement with Egyptian government

Blockchain document transfer provider CargoX extends agreement with Egyptian government

Uverejnil používateľ | mar 7, 2022 |

CargoX, a blockchain company specializing in document transfer solutions, announced a long-term extension to its agreement with the Egyptian government to digitize the nation’s trade flows. Last year, through its 80%-owned entity Misr Technology Services (MTS), the Egyptian government integrated CargoX’s Blockchain Document Transfer (BDT) service for its official NAFEZA single-window trade platform. Usage of the system became mandatory in Egyptian ports in October, and it handles more than 12,000 transactions per day. BDT is built on the Ethereum blockchain. MTS chairman and CEO Ossama al-Sharif explained, “MTS succeeded in implementing […] intensive customs procedures to a modern, state-of-the-art, digital ecosystem and extending it to engage the trade community abroad by partnering contractually with CargoX to leverage their leading-edge technology and advanced solutions.”As told by CargoX, users can upload or create electronic trade documents vital for international commerce and then transact ownership of them like money through a global bank via BDT. Perks of the service include irrevocable transfers of document ownership and an audited trail of events confidential to participants. In addition, more than 65 document types are supported, including letters of credit, certificates, contracts, invoices, etc.As reported by Mhwrnews.com, Ehab Abou Aish, Egypt’s deputy minister for treasury affairs, announced on Monday that work is to currently include 55 economic entities in the country’s financial information system, including CargoX. Approximately 75,000 foreign exporters have registered on the CargoX platform between April 2021 and now.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy