Bitcoin Industry

2023-08-07 16:31:10 JD Sports Teams Up With ZERO10 To Offer Virtual Fitting Of Nike Collection In Stores

AR try-on store, Zero10 has announced its recent partnership with JD Sports to animate the new Need It Now Collection, a new release by Nike in collaboration with JD Sports. Zero10 will deploy its AR Mirrors to allow users to virtually try on each outfit with advanced features and design to display subtle effects like water droplets.

The main venues for the latest IRL collaboration will be JD Sport’s Time Square New York and State Street Chicago stores.

The company also announced a new point-of-sale tool that lets its customers carry out online purchases even when the item is out of stock. The tool is padded with the functionality to track all items' availability and both order or pre-order items by scanning the QR code and completing the purchase on the website.

George Yashin, Zero10’s CEO has hailed the new tool for solving a huge problem in the fashion space. According to him, users can have the full experience of it in-store or with the manufacturers.

“We have already seen that the AR Mirror enhances user engagement, extends the time spent in-store, and leaves a lasting impression,” he added. Open / Comment

2023-08-04 18:00:36 Tech Entrepreneur Ilya Lichtenstein Admits to Masterminding $4.5 Billion Bitcoin Heist

Tech entrepreneur Ilya Lichtensteind, a Russian-American citizen, has admitted to committing the original 2016 Bitfinex hack, CNBC reported. Earlier, Lichtensteind and his wife Heather Morgan had confessed to attempting to launder $4.5 billion worth of Bitcoin stolen from Bitfinex.

Until Lichtenstein's admission on Thursday, it was not publicly known who had hacked Bitcoins from the cryptocurrency exchange Bitfinex in 2016. The couple was not charged with the hack itself.

The cyber crime duo’s attempts to launder ill-gotten gains traced back to 2016 hack.

The couple's criminal escapade took on a surreal twist as Heather Morgan, adopting the pseudonym "Razzlekhan," ventured into the world of rap music and tech entrepreneurship while escaping the law enforcement. Open / Comment

2023-08-04 14:30:17 CARMIN, the High-speed, polygon-based blockchain network platform is here!

Carmin aims to becomes the all-in-one mainnet protocol by offering the Web3 triad: SCALABILITY, SECURITY & DECENTRALIZATION.

To that end, it uses the ZK-Rollups cutting-edge technology. This enables an increase throughput on the Ethereum Mainnet by removing computation and stat-storage Off-Chain. It is also able to proceed thousands of transactions in single batches.

Carmin takes its go-to-market strategies through three pillars, namely. Public DEX, NFT marketplaces and P2E DApps. Each category come with its own sets of exclusive features by enabling more service options as well as rapidity and reliability.

As the bear market continues to set foot in the Web3 landscape, Carmin wanted to organize an Airdrop event to rewards its dear supporters and community members!

Make sure to join the Gleam event below and complete as many tasks as possible!

https://gleam.io/competitions/AozU7-carmin-airdrop-event-

The more referral, the higher the chances to earn up to $1,000 USDT.

Don’t let this opportunity slip away and enter NOW! Open / Comment

2023-08-01 15:00:35 South Korea's CBDC Pilot to Take Place in Jeju, Busan, or Incheon, Excluding Seoul

The central Bank of Korea (BOK) has narrowed down the choices for its central bank digital currency (CBDC) pilot venue to three regions. Notably, the nation's capital Seoul is not among these. The major regions chosen as candidates are Jeju, Busan, and Incheon, according to IT Chosun.

Eventually, the bank will choose one of the three. It will then secure franchises that can accept CBDC payments and will start experimenting with payments and distribution at a public level.

The private test is scheduled for next year. The BOK will select the pilot site after considering the expected number of users and the effect on the local economy. An official from a commercial bank said that:

"In the case of Busan, the number of eligible citizens is so large that the Bank of Korea is burdened in many ways, so the opinion was greatly inclined to Jeju, which has the next largest population." Open / Comment

2023-07-29 15:00:32 South Korea's Financial Intelligence Unit Presses Crypto Platforms to Improve Compliance Measures

The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities.

At the meeting, KoFIU Commissioner Rhee Yunsu said that a “strategic analysis team” focused on crypto has been set up, and that the team will work more systematically to uncover and analyze crypto-related crimes going forward.

This will be done so that KoFIU can offer “more meaningful and valuable data” to law enforcement and investigators, an announcement from South Korea’s Financial Services Commission said.

In addition, the agency told those in the meeting that the industry needs to “strengthen the compliance capacity,” adding that it is necessary to “bolster response to illegal activities.”

Present in the meeting were five companies from South Korea’s crypto industry, including the local crypto exchanges Upbit and Bithumb. Open / Comment

2023-07-26 14:01:02 Binance Research's H1 2023 Report: A Positive Note in Challenging Times for Crypto

Binance's 120-page "Half-Year Report 2023 July 2023," released on July 20, provides insights into the current state of the crypto market, almost two years after its peak in late 2021.

Despite facing challenges in the first half of the year, the crypto industry has demonstrated resilience, with positive growth in market capitalization on a quarterly, half-yearly, and annual basis.

In the first half of 2023, the crypto market saw a surge in institutional interest and adoption, but it also faced increased regulatory scrutiny.

Despite uncertainties, the total market capitalization experienced a notable 47.0% growth in Q1. The global stablecoin market capitalization dropped by 7.0%, while USDT's market share notably increased by 25.8%.

Additionally, the report indicates a decrease in overall crypto deal activities, particularly venture capital funding, during H1 2023. However, the infrastructure sector emerged as a significant area of interest, attracting the most investments. The gaming/entertainment and DeFi (Decentralized Finance) sectors also received substantial investment attention. Open / Comment

2023-07-25 17:00:10 Brace yourselves! I'm excited to share that #GOLCOIN is about to be listed on the incredible @gate_io exchange. A new wave in the crypto sphere is coming our way! Get ready to ride it with me! #CryptoListing #Gateio
Tune in to bit.ly/TGGolcoin for more updates! Open / Comment

2023-06-12 19:52:08 Defying SEC: Solana, Cardano, and Polygon Disagree with 'Security' Label

In an ongoing battle against the Securities and Exchange Commission (SEC), Solana, Cardano, and Polygon have united forces to challenge the classification of their cryptocurrencies as securities.

This comes as lawsuits unfold against major exchanges Binance and Coinbase, these prominent projects are pushing back, seeking regulatory clarity that fosters innovation while safeguarding consumer interests.

Our token is non-security, and we urge regulators to collaborate for clear regulations that strike a balance between innovation and consumer protection, stated a spokesperson from the Solana Foundation.

Defying the SEC's assertions, Solana (SOL), Polygon (MATIC), and Cardano (ADA) have boldly challenged the recent classification of their cryptocurrencies as securities.

The SEC included these tokens, among others, as examples of allegedly non-compliant assets traded on major crypto exchanges, leading to lawsuits against Binance and Coinbase. Notably, their prices have recorded stark drops. Open / Comment

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2023-06-09 18:02:00 Robinhood Delists Cardano, Polygon and Solana Following SEC Labeling Them As Securities

Brokerage firm Robinhood has decided to delist Cardano, Polygon and Solana after the US Securities and Exchange Commission said those three were securities in its charges against two large crypto exchanges this week.

Robinhood said it would end support for the three on June 27, and said that investors could still buy, sell and hold ADA, MATIC and SOL until the deadline.

“All other crypto you hold on Robinhood will not be affected,” the firm said in a press release on Friday.

Robinhood said investors don’t have to sell ADA, MATIC and SOL and can send them to another wallet or crypto firm, however any leftover will be automatically sold and credited. Open / Comment