CryptoWallet.com is a revolutionary crypto neobank that aims to finally bring about crypto mass adoption. The team is creating a platform where people can manage their crypto assets just as they would manage their fiat money.
Imagine spending your DOGE on sushi and paying for a can of cola with rewards from Cardano staking. All of this will become possible with a single banking app, but with cryptocurrency instead of fiat.
CryptoWallet.com launched a web3 campaign on Zealy for early birds โ participants can win a pool of the native token $SPEND and claim a whole host of benefits in the future.
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We believe it's worth engaging with activities from similar projects. The platform looks promising and the premium domain suggests that we might be dealing with a possible future unicorn.
Imagine spending your DOGE on sushi and paying for a can of cola with rewards from Cardano staking. All of this will become possible with a single banking app, but with cryptocurrency instead of fiat.
CryptoWallet.com launched a web3 campaign on Zealy for early birds โ participants can win a pool of the native token $SPEND and claim a whole host of benefits in the future.
Zealy link here: https://bit.ly/cwzealyquest1
We believe it's worth engaging with activities from similar projects. The platform looks promising and the premium domain suggests that we might be dealing with a possible future unicorn.
Bankrupt Crypto Exchange FTX Wants Dubai Entity Detangled From US Bankruptcy Filings ๐
โก๏ธ Bankrupt digital asset exchange FTX has filed a motion to exclude its Dubai entity from the ongoing bankruptcy proceedings in the United States.
โก๏ธ Per the motion, the company argues that FTX Dubai was not in business before Nov 2022 when bankruptcy documents were filed and as such there is no need for restructuring its operations in line with the proceedings.
๐ข The exchange admitted that pending court orders issued while FTX Dubai was part of the proceedings should remain valid but the removal request is necessary to pay pre-bankruptcy wages for its staff as well as to protect its debtors.
๐ฌ โAdditionally, FTX Dubai is balance-sheet solvent. Therefore, the Debtors believe that a solvent voluntary liquidation procedure in accordance with the laws of the United Arab Emirates would allow a timely distribution of the positive cash balance after payment of all outstanding liabilities and liquidation of all assets.โ
โก๏ธ The first hearing on the issue is slated for Aug 23 as the entity looks to revamp its platform in the region amid wider plans to relaunch the exchange.
โก๏ธ Bankrupt digital asset exchange FTX has filed a motion to exclude its Dubai entity from the ongoing bankruptcy proceedings in the United States.
โก๏ธ Per the motion, the company argues that FTX Dubai was not in business before Nov 2022 when bankruptcy documents were filed and as such there is no need for restructuring its operations in line with the proceedings.
๐ข The exchange admitted that pending court orders issued while FTX Dubai was part of the proceedings should remain valid but the removal request is necessary to pay pre-bankruptcy wages for its staff as well as to protect its debtors.
๐ฌ โAdditionally, FTX Dubai is balance-sheet solvent. Therefore, the Debtors believe that a solvent voluntary liquidation procedure in accordance with the laws of the United Arab Emirates would allow a timely distribution of the positive cash balance after payment of all outstanding liabilities and liquidation of all assets.โ
โก๏ธ The first hearing on the issue is slated for Aug 23 as the entity looks to revamp its platform in the region amid wider plans to relaunch the exchange.
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๐ BlackRock's IBIT Dominates Spot Bitcoin ETFs with 100K+ BTC!
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BlackRock's iShares Bitcoin Trust (IBIT) is making waves with a whopping 105,280.3 BTC in its portfolio, valued at over $5.4 billion. And that's not all โ there's a fiat component of $80,698.75 too!
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With over 167.24 million shares locked in, BlackRock's IBIT is leading the pack. It has seen an astonishing 3,700% surge since January 11, leaving competitors in the dust.
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๐ $5.1B Worth of Bitcoin Locked In
BlackRock's iShares Bitcoin Trust (IBIT) is making waves with a whopping 105,280.3 BTC in its portfolio, valued at over $5.4 billion. And that's not all โ there's a fiat component of $80,698.75 too!
๐ Surging Ahead in the ETF Race
With over 167.24 million shares locked in, BlackRock's IBIT is leading the pack. It has seen an astonishing 3,700% surge since January 11, leaving competitors in the dust.
๐ก The Fee Factor
One secret to IBIT's success? Its competitive fee structure. While Grayscale Bitcoin Trust (GBTC) charges 1.5%, BlackRock offers a wallet-friendly 0.25%. Investors are flocking to this cost-effective option.
๐ Spot ETFs: The Investor's Choice
Mainstream investors are turning to spot Bitcoin ETFs like never before. These funds tackle storage concerns and protect against fraud, making digital asset investment more accessible and secure.
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Trezor Initiates Investigation as Phishing Campaign Targets Crypto Hardware Wallet Users โ ๏ธ
โก๏ธ Trezor, a cryptocurrency hardware wallet company, is currently investigating a potential data breach due to an ongoing email phishing campaign.
๐ฃ On October 26, the anonymous blockchain investigator ZachXBT reported a phishing attack targeting Trezor users via his Telegram channel. ZachXBT cited a post on X (formerly Twitter) from the account JHDN, which raised concerns that Trezor might have experienced a breach.
๐ด These concerns were based on the receipt of phishing emails sent to the specific email accounts used for purchasing Trezor wallets, suggesting a potential compromise of user data. Users reported receiving phishing emails encouraging them to install an app from the domainโ trezorus,โ which is different from the official โtrezorioโ domain.
โ๏ธ Trezor is investigating the extent of the breach, and until further notice, users are advised not to click on links from unauthorized sources to safeguard their security. Trezorโs brand ambassador, Josef Tetek, confirmed the awareness of the phishing campaign and outlined the companyโs ongoing efforts to combat such threats.
โก๏ธ Trezor, a cryptocurrency hardware wallet company, is currently investigating a potential data breach due to an ongoing email phishing campaign.
๐ฃ On October 26, the anonymous blockchain investigator ZachXBT reported a phishing attack targeting Trezor users via his Telegram channel. ZachXBT cited a post on X (formerly Twitter) from the account JHDN, which raised concerns that Trezor might have experienced a breach.
๐ด These concerns were based on the receipt of phishing emails sent to the specific email accounts used for purchasing Trezor wallets, suggesting a potential compromise of user data. Users reported receiving phishing emails encouraging them to install an app from the domainโ trezorus,โ which is different from the official โtrezorioโ domain.
โ๏ธ Trezor is investigating the extent of the breach, and until further notice, users are advised not to click on links from unauthorized sources to safeguard their security. Trezorโs brand ambassador, Josef Tetek, confirmed the awareness of the phishing campaign and outlined the companyโs ongoing efforts to combat such threats.
๐ด MicroStrategy bought $1.25B of Bitcoin in Q4, holdings now worth $8 billion
Business intelligence firm MicroStrategy announced its Bitcoin acquisitions for the fourth quarter of 2023 in a press release on Feb. 6. The company said it had acquired 31,755 BTC since the end of Q3 2024 for $1.25 billion, or $39,411 per bitcoin.
MicroStrategy now holds 190,000 BTC at a total cost of $5.93 billion, or $31,224 per BTC, as of Feb. 5, 2024. The current market value of those Bitcoin holdings, however, is significantly higher at approximately $8 billion.
Business intelligence firm MicroStrategy announced its Bitcoin acquisitions for the fourth quarter of 2023 in a press release on Feb. 6. The company said it had acquired 31,755 BTC since the end of Q3 2024 for $1.25 billion, or $39,411 per bitcoin.
MicroStrategy now holds 190,000 BTC at a total cost of $5.93 billion, or $31,224 per BTC, as of Feb. 5, 2024. The current market value of those Bitcoin holdings, however, is significantly higher at approximately $8 billion.
๐ด Bored Apes' creator Yuga Labs acquires Proof, takes over Moonbirds NFT brand
Yuga Labs, arguably the biggest NFT studio in the industry, is getting even bigger.
The company announced it has acquired rival non-fungible token creator Proof, which is best known for its Moonbirds collection. "As a company committed to championing art, culture, and community on the blockchain, weโre excited to have PROOF join the Yuga ecosystem," said Yuga Labs CEO Daniel Alegre in a statement.
Yuga Labs, arguably the biggest NFT studio in the industry, is getting even bigger.
The company announced it has acquired rival non-fungible token creator Proof, which is best known for its Moonbirds collection. "As a company committed to championing art, culture, and community on the blockchain, weโre excited to have PROOF join the Yuga ecosystem," said Yuga Labs CEO Daniel Alegre in a statement.
๐ด World of Women NFT Collection to Host Paris Gala Event
NFT โlifestyle clubโ World of Women (WoW) is gearing up for its second annual Gala event in Paris later this month, showcasing its new NFC-enabled wearable, the Friendchip bracelet.
Taking place at the Pavillon Gabriel on February 24, 2024โbetween NFT Paris and Paris Fashion WeekโWorld of Womenโs hallmark event is billed as a โcelebration of the convergence of technology, culture, and identity in the digital age.โ
NFT โlifestyle clubโ World of Women (WoW) is gearing up for its second annual Gala event in Paris later this month, showcasing its new NFC-enabled wearable, the Friendchip bracelet.
Taking place at the Pavillon Gabriel on February 24, 2024โbetween NFT Paris and Paris Fashion WeekโWorld of Womenโs hallmark event is billed as a โcelebration of the convergence of technology, culture, and identity in the digital age.โ
๐ด Social platform behind โretail short squeezeโ launches crypto trading.
Stocktwits plans to expand its crypto trading services by launching U.S. equity trading and crypto derivatives trading in the coming months.
Investor-focused social media platform Stocktwits, which gained popularity during last yearโs โretail short squeezeโ frenzy involving GameStop and AMC Theaters, rolled out its own crypto trading services on Thursday.
Stocktwits has partnered with FTXUS to carry out its crypto trading services and is set to launch United States equity trading next quarter. The firm further looks to expand its trading services portfolio by offering crypto derivatives trading and other asset classes in the coming months.
Stocktwits boasts 6 million registered users and sees 5 million active users monthly. The new crypto trading option would allow users to trade directly from their profiles and allow them to showcase their portfolios as well.
The social network platform played a key role along with the subreddit r/Wallstreetbets to short squeeze meme stocks in February 2021, leading to billions of dollars in losses for hedge funds that bought millions of short positions against these stocks. The crypto community offered great support during the retail saga and asked several companies associated with it to integrate crypto as a protest against centralized bullying.
The social platform until now was primarily focused on discussions among investors and traders along with other data tools. The CEO of the platform, Rishi Khanna, acknowledged the growing prominence of crypto discussion on the network and said that the โcommunity and data have served as a strong on-ramp into the platform.โ
The launch of the live crypto trading feature would help Stocktwits join the growing list of companies from the short squeeze saga that have integrated crypto-related services. AMC integrated crypto payments for its online booking services while GameStop is entering nonfungible tokens and also plans to build new crypto partnerships.
Stocktwits plans to expand its crypto trading services by launching U.S. equity trading and crypto derivatives trading in the coming months.
Investor-focused social media platform Stocktwits, which gained popularity during last yearโs โretail short squeezeโ frenzy involving GameStop and AMC Theaters, rolled out its own crypto trading services on Thursday.
Stocktwits has partnered with FTXUS to carry out its crypto trading services and is set to launch United States equity trading next quarter. The firm further looks to expand its trading services portfolio by offering crypto derivatives trading and other asset classes in the coming months.
Stocktwits boasts 6 million registered users and sees 5 million active users monthly. The new crypto trading option would allow users to trade directly from their profiles and allow them to showcase their portfolios as well.
The social network platform played a key role along with the subreddit r/Wallstreetbets to short squeeze meme stocks in February 2021, leading to billions of dollars in losses for hedge funds that bought millions of short positions against these stocks. The crypto community offered great support during the retail saga and asked several companies associated with it to integrate crypto as a protest against centralized bullying.
The social platform until now was primarily focused on discussions among investors and traders along with other data tools. The CEO of the platform, Rishi Khanna, acknowledged the growing prominence of crypto discussion on the network and said that the โcommunity and data have served as a strong on-ramp into the platform.โ
The launch of the live crypto trading feature would help Stocktwits join the growing list of companies from the short squeeze saga that have integrated crypto-related services. AMC integrated crypto payments for its online booking services while GameStop is entering nonfungible tokens and also plans to build new crypto partnerships.
The Protocol 20 update enabled the launch of a new smart contract system on the Stellar blockchain, which will make it easier for developers to create DeFi applications.
@fudbinance
@fudbinance
๐ U.S. Regulators Cast a Shadow on Tether's Offshore Reach
๐ Tether, the titan of stablecoins, finds itself navigating choppy regulatory waters as authorities worldwide set their sights on greater transparency and compliance.
๐ Despite its non-U.S. roots, Tether's reliance on the American market leaves it exposed to the long arm of U.S. regulators, who can flex their muscles through the Office of Foreign Assets Control (OFAC), warns JPMorgan.
๐ In a fresh report, JPMorgan analysts underline Uncle Sam's influence over Tether, hinting that forthcoming regulations may apply "indirect pressure" on the stablecoin giant, favoring those with more robust KYC and AML credentials.
๐ก While Tether has taken steps towards openness, JPMorgan remains skeptical, suggesting that recent disclosures fall short of allaying concerns. The ripples extend to DeFi platforms relying on Tether's liquidity.
๐ Brace for global coordination as the Financial Stability Board (FSB) rallies the G20 nations around tighter rules for stablecoins โ a wave that could further crimp unregulated contenders like Tether.
๐ Tether, the titan of stablecoins, finds itself navigating choppy regulatory waters as authorities worldwide set their sights on greater transparency and compliance.
๐ Despite its non-U.S. roots, Tether's reliance on the American market leaves it exposed to the long arm of U.S. regulators, who can flex their muscles through the Office of Foreign Assets Control (OFAC), warns JPMorgan.
๐ In a fresh report, JPMorgan analysts underline Uncle Sam's influence over Tether, hinting that forthcoming regulations may apply "indirect pressure" on the stablecoin giant, favoring those with more robust KYC and AML credentials.
๐ก While Tether has taken steps towards openness, JPMorgan remains skeptical, suggesting that recent disclosures fall short of allaying concerns. The ripples extend to DeFi platforms relying on Tether's liquidity.
๐ Brace for global coordination as the Financial Stability Board (FSB) rallies the G20 nations around tighter rules for stablecoins โ a wave that could further crimp unregulated contenders like Tether.
๐ฅ ECB's Bitcoin Bashing Sparks Crypto Community's Fury
๐ The European Central Bank (ECB) dealt a blow to Bitcoin, likening it to a "dead cat" and highlighting its darknet criminal connections. But this criticism has not gone down well with the crypto community, who are questioning the ECB's credibility.
๐ซ Bitcoin's Broken Promise: The ECB's blog post laments that Bitcoin has fallen short of its original vision as a global decentralized currency, with limited real-world use and mainstream adoption.
โก๏ธ Mining Misgivings: The ECB also takes aim at Bitcoin mining, flagging the environmental impact of its energy-intensive proof-of-work mechanism. It claims that the network's power consumption rivals that of small nations.
๐ฐ Not So Investment-Worthy: According to the ECB, Bitcoin lacks the cash flow and liquidity appeal of traditional investments, suggesting that its price is largely driven by FOMO-fueled retail investors.
โ ETF Enigma: The ECB even questions the recent SEC approval of a Bitcoin ETF, arguing that it doesn't change the fact that Bitcoin's fair value remains close to zero.
๐ The European Central Bank (ECB) dealt a blow to Bitcoin, likening it to a "dead cat" and highlighting its darknet criminal connections. But this criticism has not gone down well with the crypto community, who are questioning the ECB's credibility.
๐ซ Bitcoin's Broken Promise: The ECB's blog post laments that Bitcoin has fallen short of its original vision as a global decentralized currency, with limited real-world use and mainstream adoption.
โก๏ธ Mining Misgivings: The ECB also takes aim at Bitcoin mining, flagging the environmental impact of its energy-intensive proof-of-work mechanism. It claims that the network's power consumption rivals that of small nations.
๐ฐ Not So Investment-Worthy: According to the ECB, Bitcoin lacks the cash flow and liquidity appeal of traditional investments, suggesting that its price is largely driven by FOMO-fueled retail investors.
โ ETF Enigma: The ECB even questions the recent SEC approval of a Bitcoin ETF, arguing that it doesn't change the fact that Bitcoin's fair value remains close to zero.
๐ Hacker Strikes Again: $2.5M Shifted from Arbitrum to Ethereum
โก๏ธ The elusive hacker, responsible for the infamous 2023 KyberSwap attack, resurfaced on February 26, making a daring move in the crypto world.
๐ Ether Exodus: A whopping 798.8 Ether, valued at around $2.49 million, was stealthily whisked away from Arbitrum to Ethereum's blockchain, leaving experts astounded.
๐ฐ Dai Dalliance: Not stopping there, the hacker also siphoned off a cool $826,500 worth of the stablecoin Dai, adding another twist to this digital heist.
๐ Recalling the Raid: Cast your mind back to November 23, 2023, when KyberSwap was rocked by one of DeFi's most audacious breaches. Initially pegged at $46 million, the damage tally crept closer to $49 million.
๐ข Negotiations Gone Awry: Amidst the chaos, the hacker taunted KyberSwap with an on-chain message and a tantalizing offer: a $4.6 million reward for most of the loot. But talks turned sour as demands morphed into power grabs.
๐ข A High-Stakes Standoff: The hacker's audacity grew as they demanded full control over KyberSwap and its governance mechanism. It seems negotiations won't be easy in this high-stakes game of digital cat and mouse.
โก๏ธ The elusive hacker, responsible for the infamous 2023 KyberSwap attack, resurfaced on February 26, making a daring move in the crypto world.
๐ Ether Exodus: A whopping 798.8 Ether, valued at around $2.49 million, was stealthily whisked away from Arbitrum to Ethereum's blockchain, leaving experts astounded.
๐ฐ Dai Dalliance: Not stopping there, the hacker also siphoned off a cool $826,500 worth of the stablecoin Dai, adding another twist to this digital heist.
๐ Recalling the Raid: Cast your mind back to November 23, 2023, when KyberSwap was rocked by one of DeFi's most audacious breaches. Initially pegged at $46 million, the damage tally crept closer to $49 million.
๐ข Negotiations Gone Awry: Amidst the chaos, the hacker taunted KyberSwap with an on-chain message and a tantalizing offer: a $4.6 million reward for most of the loot. But talks turned sour as demands morphed into power grabs.
๐ข A High-Stakes Standoff: The hacker's audacity grew as they demanded full control over KyberSwap and its governance mechanism. It seems negotiations won't be easy in this high-stakes game of digital cat and mouse.
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The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:
Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.
Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.
The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.
R&D team has been rigorously testing technology since 2021.
More than 350 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.
Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR
๐ Key Features:
๐ This decentralized platform has the potential to attract much more validators than other protocols.
๐ Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
๐ High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
๐ Compatible with EVM and Ethereum API.
The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:
Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.
Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.
The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.
R&D team has been rigorously testing technology since 2021.
More than 350 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.
On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.
On January the 2nd more than 650 000 transactions was successfully processed.
Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR