Crypto LVL

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2021-03-15 21:00:38 ​​Hack Sunday: NFT Theft Follows a Personal Token Attack.

After personal tokens (aka social or community tokens) had gotten hit this weekend, a non-fungible token (NFT) hack emerged as well.

A number of personal tokens saw a sudden plunge this past Sunday, following a reported security breach at social money startup Roll, which issues social tokens on the Ethereum (ETH) network - with allegedly nearly ETH 3,000 (USD 5.4m) lost.

WHALE, RARE, Friends With Benefits (FWB), Kerman Kohli (KERMAN), and Alex Masmej (ALEX) are just some of the affected tokens - and all of these had plunged between 48% and 100%.

Per Roll's report, a security incident occurred on March 14, at around 7:30 UTC, Roll’s hot wallet was hacked, with the attacker completely emptying it and selling all the tokens on Uniswap for ETH. "As of this writing, it seems like a compromise of the private keys of our hot wallet and not a bug in the Roll smart contracts or any token contracts," they said.

As the investigation continues, with an audit and a forensic analysis announced, Roll said that they have temporarily disabled withdraw from the Roll wallet of all social money until the hot wallet has been migrated. They also announced a USD 500,000 fund "to help the creators and their communities affected by this."

They provided the attacker contract and the attacker contract creator address, with a balance of nearly USD 2m in ETH. It also shows ETH 1,900 transferred to privacy tool Tornado Cash.

The creator of WHALE, one of the affected social tokens, said that "this represented 2.17% of total supply and it has been fully diluted into the market." The founder also said that the incident will not have "a material effect" on WHALE's plans, near- or long-term, and that all tokens meant for community distribution have been secured in cold wallets.

To the hacker the creator said: "You did not steal from large corporations, you stole from hardworking individuals," but also noting that the team noticed "a large number of long term holding new wallets."

Igor Igamberdiev, an analyst at The Block, said that the victims actually approved the transfers, and that this " indicates a possible private key compromise or inside job." Open / Comment

2021-03-14 17:00:52 ​​LPN TOKEN, a multi-utility token based on ERC20 protocol of Ethereum blockchain, is leveraging the potential of PROBIT, An Internationally Reputed Digital Currency Exchange ranked 26th worldwide.
This decentralized digital token has been launched by the LUXURIOUS PRO NETWORK TOKEN GROUP, a global leader in the domain of forex trading and luxury services worldwide.
Some Key Features of LPN TOKEN:
Offers functionality similar to the functionality of Ether.
Registered and successfully verified LPNT users need not worry about any Arbitrary Limits and Central Repository while leveraging the potential of LPN TOKEN to carry out decentralized financial transactions.
The potential of this financial revolution could be utilized for purchasing anything offline and online. The list includes:
• Professional services
• Musical instruments
• Accessories
• Clothing
• Condos
• Homes
• Boats
• Cars
• Plane/bus and train tickets
• Internet services
• Dating services
• Crypto gear
• Vacations
• Tools
• Wine
• Food
The list just does not end here only.
Visit the Services Insights Page available on our official website or talk to the Support Staff any time via an email at [email protected] for complete details about it.

telegram: https://t.me/LPNT_Official
Instagram: https://www.instagram.com/lpntokenofficial/ Open / Comment

2021-03-12 20:30:00 ​​A Year Since Big Market Crash: Bitcoin Up 1,370%, Ethereum - 1,740%.

It has been a year since the infamous Black Thursday (USA time) / Black Friday (UTC time) - one of the "droppiest" events in Bitcoin (BTC)'s, Ethereum (ETH)'s, and altcoins' history. And the world's first crypto has come a long way since.

On the night (UTC time) from Thursday, March 12, to Friday, March 13, 2020, the crypto markets turned very bloody. The focus was on the number one crypto by market capitalization which had abruptly taken a steep dive - some 40%. It went from the USD 9,000 level to below USD 5,000, and at one point even below USD 4,000.

Numerous industry insiders, analysts, researchers, and many outside the industry - all gave their insights into what had happened, why it might have happened, and took to social networking sites, research papers, and blog posts to share what they expect to see next.

Nic Carter, Partner at venture capital firm Castle Island Ventures said this loss marked the second-biggest one-day loss in bitcoin’s history, while crypto analysis firm Glassnode revealed that more than half of all circulating bitcoin was held at a loss, for the first time in over a year.

Hot on the heels of this massive event, there was major selling in altcoins, including ethereum (ETH), XRP, and litecoin (LTC). And soon after, BTC safe-haven status was questioned.

Vijay Ayyar, head of business development at crypto exchange Luno, said at the time that “investors are moving out of any risky assets.” While BTC is compared to gold as a safe-haven asset, "it’s very under-penetrated and is considered more as a risky asset to hold at this point,” he added. Jonathan Leong, CEO of fintech BTSE, also argued that "it is difficult to consider bitcoin as a safe haven at this time," while crypto trader Alex Krüger said that bitcoin was trading like “the exact opposite” of a safe-haven.

Yet Ross Middleton, Chief Financial Officer at decentralized exchange DeversiFi, noted that BTC will show "its safe-haven credentials" longer-term, while Mike Novogratz argued that the crash set "the narrative of bitcoin as a store of value ... back 12 to 18 months," adding that "we’re going to have to get through this, and then we’re going to have to rebuild confidence." Open / Comment

2021-03-12 17:55:53 FEG was launched fair to Feed Every Gorilla

The first fork to combine the powers of SHIB & RFI, with a super deflationary black hole that hyper deflates the supply. 100% community owned token that is currently at a prime buy in opportunity. FEGex is coming this month, FEGex will be a multichain swap protocol that will allow you to stake any token that is listed and earn ETH or BNB directly!

FEGtrack mobile and web apps are live. This is a prime entry opportunity and prices will only go up from here! You will be able to stake FEG and earn ETH or BNB directly on FEGex and you will receive parts of all other listed pairs ETH and BNB fees, resulting in astronomical gains directly in ETH or BNB.

FEG is also official partner of PASA, the Pan African Sanctuary Alliance, which tries to save endangered species like chimpanzees, gorillas, bonobos, and monkeys.

Telegram Chat:
@fegchat
Telegram Channel:
@fegtoken
Website:
FEGtoken.com
Dextools:
https://www.dextools.io/app/uniswap/pair-explorer/0x854373387e41371ac6e307a1f29603c6fa10d872
Liquidity Locked:
https://team.finance/view-coin/0x854373387e41371ac6e307a1f29603c6fa10d872
Uniswap Pair:
https://info.uniswap.org/pair/0x854373387e41371ac6e307a1f29603c6fa10d872
Uniswap Buylink:
https://app.uniswap.org/#/swap?outputCurrency=0x389999216860AB8E0175387A0c90E5c52522C945
Token Address: https://etherscan.io/address/0x389999216860ab8e0175387a0c90e5c52522c945#code
Token Burn TX:
https://etherscan.io/tx/0x704556d22133bf559d39dff1372935097dc7df4607648e1fe70e0a0dc015ad76
Ownership Renounced:
https://etherscan.io/tx/0x3493aa6da4938271f5e97600e091bfc60b28e90e9cafcf489008104d1d4abfab Open / Comment

2021-03-11 12:01:26 AMA Announcement

Bitcoin Industry will host an AMA Session with Time Coin Protocol and CEO Masato Karamu in Bitcoin Industy + TIME COIN chat community.

START 12PM UTC 11.03.2021
Reward 100 USDT

Prepare your best questions and be ready to participate in time, see you soon.

Please make sure to follow Telegram group @TimeCoinProtocol in order to receive AMA reward.

Website - https://timecoinprotocol.com/sake Open / Comment

2021-03-09 20:00:27 Breaking: Seychelles FSA Issues Caution Notice Against Huobi Crypto Exchange; Denies Claims of Operations in the State

The Financial Service Authority of Seychelles issued a regulatory warning against Huobi Global Limited, the largest crypto exchange originating from China for allegedly claiming to be functioning under the International Business Company (“IBC”) FSA act 2013. FSA clarified that it had not issued any such operating license to the crypto exchange and never regulated the platform.

The FSA also issued a warning to investors to be wary of making any investment in the crypto platform as it could lead to fraudulent activities given the platform does not fall under the jurisdiction of the regulatory body.

Huobi Claims Similar to Binance?

The regulatory warning against Huobi Global is quite similar to Malta issuing a similar warning against Binance in 2020 where the exchange had claimed throughout its operation to be headquartered in Malta which eventually turned out to be false. The news came as a surprise back then, since Binance is one of the top crypto exchanges with revenue growing into billions. The exchange back then tried downplaying the incident claiming to be a decentralized organization with no physical headquarter.

Huobi is yet to make any official statement on the warning raised against them, however, it won’t be a big surprise if they play it down too.


Read more Open / Comment

2021-03-09 16:01:30 ​​LPN TOKEN is a multi-utility decentralized digital currency based on ERC20 protocol of Ethereum Blockchain.

The ICO (Initial Coin Offering) LPN TOKEN starred on 15th December, 2020 and ended on 29th December, 2020. The ICO was listed on reputed platforms like Coincodex and CoinCheckup.
Given below are the links to LPNTs ICO details on Coincodex and CoinCheckup :
https://coincodex.com/crypto/luxurious-pro-network-token/
https://ico.coincheckup.com/luxurious-pro-network-token/
This financial revolution is already making its presence felt in the domain of decentralized finance effectively.
The credit goes to its unique and powerful attributes. The list includes but is not limited to the following only:
A Decentralized Cryptocurrency Payment Gateway:
• A Decentralized Cryptocurrency Wallet.
• A Decentralized Cryptocurrency Vault.
• A Decentralized Cryptocurrency – LPN TOKEN.
• Forex Trading With LPN TOKEN.
Coming to the point, one of these attributes is likely to hit the market by the end of next week of March 2021. The objective is to help users trade in forex using LPN TOKEN. All registered users are being offered 200% leverage by the group for cryptocurrency trading, the centralized and decentralized way, forex.
Visit our official website or talk to the support staff any time via an email at [email protected] for complete details about it. Open / Comment

2021-03-06 13:01:04 ​​Consider These Legal Questions Before Spending Millions on NFTs.

There are lots of intellectual property (IP) issues that are raised by non-fungible tokens (NFTs). Let's dive in to cover a few.

The main IP issues raised by NFTs have to do with copyright law. Copyright law has a mixed reputation in the world of software and cryptocurrency, but it is definitely a major concern in the art world.

What copyright issues come up because of NFTs? Ownership.

Who really owns the copyright in the work? The creator? The purchaser of the NFT? A downstream purchaser? The platform? Platforms? The smart contract?

Now you might say that copyright ownership is figured out and governed by the smart contract, but would it be recognized in all jurisdictions that the blockchain exists in? Have the requirements of the various copyright treaties been taken into consideration?

What about situations where there is more than one creator? What about situations where creators disagree after creation about how the work can and should be used?

What about "moral rights?" Is that on the radar of the NFT community? Do they know or care about these rights that are so important in Europe?

What happens when things break? Also, known as "what happens when people sue?" Do they sue platforms? Do they sue artists? Do they sue buyers? Are these questions even contemplated?

What about when a third-party copyright holder chimes in claiming their copyright is violated by a piece of NFT art? Is there a resolution process in place for platforms? Do they know or care?

Copyright is not the only issue for NFTs.

What about trademarks?

Trademarks are traditionally thought of as being concerned with consumer protection. So, if you have a NFT that incorporates a trademarked brand/slogan do you have infringement risks? If so, who should be liable?

Copycats. This is both a trademark risk and a copyright risk for NFTs. Big companies and small companies are rightly protective of their IP assets in these classes. A devil may care attitude to honoring such rights is risky.

It is easy to dismiss these concerns when a market is frothy, new, exciting and built on a YOLO mentality. It will be much harder to dismiss all this when the market is more mature and elbows are sharp. Open / Comment

2021-03-03 12:00:22 ​​MoneyGram Slapped With Lawsuit Over Ripple, XRP Partnership.

The money transfer firm MoneyGram is facing a class action lawsuit claiming that the company made false and/or misleading statements about its partnership with American blockchain company Ripple and the legal status of the XRP token.

Per a press release by Rosen Law Firm, the suit has already been filed, and on behalf of purchasers of the securities of MoneyGram between June 17, 2019 and February 22, 2021.

The law firm claims that those who purchased "MoneyGram securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement."

A lead plaintiff is yet to be chosen.

MoneyGram and Ripple became partners, after the latter made a USD 30m initial investment in MoneyGram equity in June 2019. However, Ripple found itself in a long battle with the SEC over XRP, as the regulator claims that XRP is an unregistered security, which Ripple disputes.

MoneyGram recently claimed that its support for Ripple stayed in place, but still announced that it would suspend the receipt of "market development fees." Alex Holmes, the MoneyGram CEO, said at the time that they are "definitely supportive of Ripple's efforts, but at the same time, we have to do what is right for the organization."

In 2020, MoneyGram received USD 38m in net market development fees from Ripple in 2020, representing about 15% of the company’s adjusted earnings before interest, taxes, depreciation, and amortization. The company said it also faced logistical challenges in using the platform, as well as legal and reputational risks, following the lawsuit against Ripple. Open / Comment