Crypto Shake

2022-11-06 16:30:00 ​Web3 sees 15 new scam smart contracts an hour: Solidus Labs.

Solidus Labs, which has been monitoring 12 leading blockchains, has detected a majority of scam-like tokens originating from Binance’s BNB Chain.

The Web3 and cryptocurrency space is seeing a significant amount of smart contract scams proliferating, with blockchain risk monitoring firm Solidus Labs saying it has detected on average 15 newly deployed scams every hour.

Solidus Labs said on Oct. 27 that it had been monitoring 12 blockchains including Ethereum, Polygon and BNB Chain since Oct. 10, and in that time, had detected 188,525 smart contract scams.

Former United States Consumer Financial Protection Bureau (CFPB) director, Kathy Kraninger, who is now Solidus’ vice president of regulatory affairs, said in the statement that “while some of the big rug pulls and scams make the news the full picture stemming from our data shows the vast majority of these scams go unnoticed.”

The firm also shed some light on the number of tokens that are scams, saying 12% of BEP-20 tokens — the BNB Chain’s token standard — exhibit fraudulent characteristics marking it as the blockchain with the most cryptocurrency scams. Open / Comment

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2022-11-02 17:45:00 ​​Cosmos Hub vote postponed for a few days

An updated version of the official Cosmos Hub document was published on October 29, 2022. The revised vision for the future development of the ecosystem is expected to be put up for a vote on Oct. 31, although it was originally scheduled for as early as Oct. 3. The community has announced that it is ready to decide on the final version of the proposal. According to the draft, problems with the Cosmos token issuance mechanisms (ATOM) will be eliminated.

The first version of the document was published in September this year and proposed to leverage a redesigned hub mechanism focused on strengthening interoperability and security, along with key changes to ATOM tokenomics. Then, a new release model was initiated, aimed at achieving a better balance between ecosystem growth and cross-network deployment while maintaining the security provided by the original regime.

Members of the Cosmos community raised concerns about the proposed token release model. It was authored by Cosmos Hub Chief Strategy Officer Sam Hart. He stressed that generating a significant number of ATOMs would lead to lower inflation.

In a transitional phase, 10,000,000 ATOM were to be generated in the first month, a number that would diminish over time until a steady state was reached after 36 months. The new version of the paper proposes to limit the integration of 4,000,000 ATOMs into the community pool.

According to Hart, the new approach marks the transition to the next stage of Cosmos Hub's development as an infrastructure services platform. ATOM will act as the main collateral asset in the Cosmos Network. Open / Comment

2022-10-30 21:45:00 ​​Majority of Voters Want More Crypto Regulation — See Digital Assets as Long-Term Part of Economy, Survey Shows

A new survey shows that a majority of likely voters want more crypto regulation. “Our national survey shows voters believe in the promise of digital assets and see it as a long-term part of the economy and their financial future,” said the Crypto Council for Innovation.

The Crypto Council for Innovation, a crypto advocacy group, announced the results of a national survey Wednesday showing that “crypto users are poised to have an impact in close midterm races across the country.” About 1,200 likely voters participated in the survey, which was conducted online from Oct. 8-10 by a bipartisan team led by Sean McElwee from Pioneer Polling and B.J. Martino from The Tarrance Group.

Cory Gardner, former U.S. senator and the Crypto Council’s chief strategist of political affairs, commented:

Our national survey shows voters believe in the promise of digital assets and see it as a long-term part of the economy and their financial future.

“Importantly, they are echoing what the industry has been calling for: regulation that provides clear rules of the road to protect consumers and realize the technology’s full potential,” he added.

According to the results of the survey, 13% of respondents said that they hold cryptocurrency. In addition, 45% of the voters surveyed “want legislators to treat crypto as a serious and valid part of the economy.” The council further described:

A majority (52%) think that crypto needs more regulation than presently exists.

Respondents also believe that crypto is here to stay. “Crypto is not going away — it is already in the investment mix,” Gardner emphasized. “In comparison to other financial holdings, 16% of respondents said they hold stocks, 13% hold crypto, 12% hold mutual funds, and 5% hold bonds.”

The survey results also show that “Over 40% think crypto has untapped potential and 33% think it represents an important financial innovation.”

Gardner concluded: “Working together, it’s possible for the U.S. to build more pathways to spur meaningful economic growth, and secure a digital future where crypto’s full potential is realized through careful conversation and smart policy.” Open / Comment

2022-10-27 18:28:45 @BestarzIo is a NFT play-to-earn fantasy football platform based on real world results!

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2022-10-27 12:44:47 ​​Bitcoin Cash Price Prediction – Can BCH Reach $10,000?

Bitcoin Cash price is entangled in a futile tug-of-war between the bulls and bears. This fruitless search for a bottom as the bear market wreaks havoc is not unique to the Bitcoin (BTC) fork.

The largest cryptocurrency has been forced to face a new technical outlook after slipping beneath $19,000. If this support is not reclaimed as soon as possible, Bitcoin price could lose more ground toward its June low at $17,708.

On the other hand, Bitcoin Cash dodders at $104 ahead of the weekend on Friday, October 21, 2022. It has been five years since BCH achieved its all-time high of $3,785. The token has now retraced 97.2% from that record high.

The future of Bitcoin Cash is intertwined with that of the general cryptocurrency market. If pressure does not ease off BCH, support at $100 could be obliterated in favor of a n extended leg down to $79.25. Bitcoin Cash may retest its all-time low at $76.93 before reversing the trend significantly north. Open / Comment

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2022-10-23 21:15:33 ​​ ZkSync will provide details about the token in early November, says product manager Matter Labs

Ethereum's zkSync scaling solution will announce details about its native token in the first week of November, said Steve Newcomb, director of products at zkSync development firm Matter Labs, in a discussion on Twitter Spaces.

The announcement comes ahead of the planned launch of the zkSync core network next Friday after it has been in development since early last year.

"The first week of November, and I don't want to cause too much fuss here, expect us to make the announcement that a lot of people are waiting for regarding tokenomics," Newcomb said when asked about the timeline for a potential zkSync token.

While Newcomb confirmed that token details are on the way, he dismissed talk of a free token giveaway for zkSync users, calling them "just rumors."

ZkSync is a ZK-Rollup-based scaling solution that aims to offer faster and cheaper crypto transactions by aggregating transactions offline and simultaneously using Ethereum for security with zero-disclosure (ZK) proofs.

With the core network, the project is preparing to provide an environment called "zk-EVM," which it says will fully support Ethereum smart contracts in ZK-Rollup. Open / Comment

2022-10-21 17:00:05 ​​Quest Pro VR headset raises privacy concerns for Meta’s future in metaverse.

Meta announced its latest VR headset, Quest Pro, which includes a new eye and facial movement tracker said to enhance digital avatar expressions and realism.

Meta, the parent company of Facebook and Instagram, announced its latest virtual reality (VR) headset at the Meta Connect 2022 event on Oct. 11. The company introduced new features to enhance digital avatars, which raised privacy concerns regarding data collection.

The Quest Pro is the latest piece of VR technology released by Meta as it continues its push into the Metaverse. It utilizes five cameras inside the headset, which are positioned to watch and track a person’s facial expressions and eye movements. In addition, it has five external cameras, which will be employed in the future to track other bodily movements to mimic real-world motions.

These upgrades integrated into the Quest Pro are in an effort to boost digital avatar quality in the metaverse. According to Meta, they will accurately and uniquely reflect a user’s emotions and expressions in real-time.

This comes after major internet backfire (and memes) from a photo posted by Mark Zuckerberg over the summer of his less-than-realistic metaverse avatar.

Identity in the Metaverse is a prominent topic of discussion in the space as designers and developers try to create realistic experiences in the digital world.

Industry experts assume that despite the new headset’s default off setting for facial tracking, it won’t last long. Facebook has long struggled with its usage and collection of biometric data relating to privacy ethics. Despite the fact that these companies claim they do not sell these personal pieces of information, many reports saying otherwise have since surfaced.

Last November, Facebook announced it would delete data extraction from facial recognition of over 1 billion people after being faced with government investigations, class action lawsuits and regulatory concerns.

In April, whistleblower Frances Haugen spoke out in an interview with concerns as to how Meta will handle privacy and sensitive data in the Metaverse. Haugen said without increased transparency and accountability, it will “repeat all the harms you currently see on Facebook.” Open / Comment