Crypto Box Shilling - Memecoin

2021-03-29 04:15:02 Introducing 8PAY

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The world’s first multichain fully decentralized payment platform for every occasion

Single payments, subscriptions and payment requests will be integrated into a clean and user friendly UI

8Pay will launch on BSC and then rapidly expand by integrating with every major blockchain

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2023-12-03 11:43:10 USDC Stablecoin Issuer Circle Rejects Accusations of Facilitating Illicit Financing

CfA had previously asserted that there might be involvement from Circle and Justin Sun in financing terrorist organizations. Stablecoin issuer Circle has dismissed false claims of facilitating illicit financing activities. In a letter addressed to US Senators Sherrod Brown and Elizabeth Warren, the company also said it does not provide banking services to Justin Sun, the Tron Foundation, or HTX (formerly known as Huobi Global). In February 2023, Circle terminated all accounts belonging to Sun and companies associated with him.

In response to a previous letter from the non-profit organization Campaign for Accountability (CfA), Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, issued a rebuttal, asserting that the agency’s communication contained numerous errors, omissions, and misleading information. Circle clarified that it does not, directly or indirectly, facilitate or finance Hamas or any illicit actors while emphasizing that the company does not provide banking services to Justin Sun. It highlighted its adherence to various regulatory frameworks, including the Bank Secrecy Act (BSA) and laws targeting anti-money laundering and counter-financing of terrorism. Open / Comment

2023-11-29 16:53:57 EU lawmakers want metaverse strategy that supports the bloc's businesses

European Union lawmakers want the bloc to lead in developing virtual worlds that support EU businesses. On Tuesday, the European Parliament's Committee on Internal Market and Consumer Protection voted in favor of a report that advocates for developing a metaverse strategy to reduce tech dependency on countries outside of the EU. "As we step into web4 with the development of virtual worlds, we have to lay a foundation, rooted in strong EU digital rules, guiding principles, and values.

The report called for a clear regulatory framework to support virtual world development. It stressed that most companies concerned with developing metaverse technologies are domiciled outside the EU. It added that the EU should "foster a level playing field to bolster European businesses." It was also noted that many metaverse projects have been developed by "a few companies based outside the EU, which have the necessary resources and financial capabilities." The report thus called for the bloc to take a leading role instead. The European Commission, the EU's executive body, has created a strategy on web4 and the metaverse. In this strategy, virtual worlds are defined as "persistent, immersive environments based on 3D and extended reality (XR) technologies." Open / Comment

2023-11-27 16:52:01 Analysis Claims Discovery of Selective Transaction Filtering in Bitcoin Mining Pools

The investigation by 0xB10C, detailed in a comprehensive report, scrutinized the activity of today’s most prominent bitcoin mining pools. It focused on six specific transactions linked to addresses sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). This analysis is part of a broader project, the developer’s miningpool-observer, aimed at detecting instances where bitcoin mining pools may not include transactions that they could be mining.

The findings suggest a pattern of selective transaction filtering, a practice that could have significant implications for the network’s decentralized nature. In September and October 2023, 0xB10C’s miningpool-observer reported six blocks missing an OFAC-sanctioned transaction. These transactions were notably absent from blocks mined by three different pools: Viabtc, Foundry USA, and F2pool. The study meticulously analyzed the transaction patterns and block compositions to understand whether these omissions were intentional acts of filtering or coincidental outcomes based on other factors like transaction fees or propagation times. Open / Comment

2023-11-23 14:29:54 HECO Chain Hack Occurs Causing $86 Million In Losses

A substantial $86 million has been illicitly transferred from a HECO account to an undisclosed address, as reported by the on-chain security platform Cyvers Alerts. The stolen assets, detailed by BitJungle Monitor, encompass a variety of cryptocurrencies, including 346,994 TUSD, 42,399 LINK, 619,000 USDC, 173,200 UNI, 346.9 million SHIB, 489 HBTC, 42.11 million USDT, and 10,145 ETH. Peckshield Alert noted an additional 10,145 ETH transfer, suggesting a potential compromise of the operator’s address in the HECO Chain hack.

Justin Sun confirmed the compromise between HECO Chain and HTX in a recent statement, assuring users that HTX would fully compensate for losses incurred in the hot wallet. Deposits and withdrawals on the platform are temporarily suspended, emphasizing the platform’s commitment to securing the remaining funds during the investigation. The HECO Chain hack follows a previous $8 million exploit of HTX in October, where hackers pilfered 500 ETH. Despite the breach, HTX emphasizes that all funds within the platform remain secure, and users can trust the implemented security measures. The platform’s proactive suspension of deposits and withdrawals underscores its dedication to mitigating potential risks and protecting user assets during the ongoing investigation. Open / Comment

2023-11-20 17:54:23 Cardano Maestro Hoskinson Propels OpenAI Outcast Altman into Decentralized Language Revolution!

Charles Hoskinson has extended a compelling invitation to Sam Altman, the ousted CEO of OpenAI outcast, to collaborate on a pioneering project within the Cardano ecosystem. The venture aims to delve into the realms of a decentralized large language model (LLM) integrated into the Cardano partnerchain. The utilization of the Polkadot stack signifies Cardano’s commitment to harnessing cutting-edge technologies and interoperability within its blockchain infrastructure.

The decentralized large language model, a key focus of this collaboration, holds immense potential in revolutionizing the way language is processed and understood within the blockchain space. The integration of Altman, a prominent figure in the field of artificial intelligence and machine learning, adds substantial weight to the project’s credibility. The partnership between Cardano and Sam Altman, known for his forward-thinking approach and transformative work at OpenAI, has the crypto community buzzing with anticipation. The synergy between Altman’s expertise in artificial intelligence and Cardano’s commitment to decentralized solutions creates a compelling narrative for the future of blockchain technology. Open / Comment

2023-11-17 12:00:20 Hackers claim to have compromised bankrupt Bitcoin ATM firm Coin Cloud: Report

An unidentified hacking group claims to have stolen 70,000 customer selfies and sensitive personal information for 300,000 customers of Coin Cloud, a Bitcoin ATM firm which operated over 4,000 machines in the U.S. and Brazil until its bankruptcy filing this February. The hacking group also claims to have stolen the source code to Coin Cloud's backend system, according to a post on X from cybersecurity expert vx-underground.

The post includes redacted images, purportedly depicting the customer selfies and personal identifying information the group has accessed, which includes the Social Security numbers of customers along with their name, address, date of birth, occupation, phone number, and more, according to the report. Vx-underground told The Block that the unidentified hacker was sharing the claims in private channels and that the leaked database may be posted online soon. Coin Cloud could not immediately be reached for comment. Coin Cloud filed for bankruptcy in February following "business difficulties and legal problems" resulted in losses of $40 million over the first nine months of 2022, its former CEO told the Wall Street Journal. Open / Comment

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2023-11-15 20:38:46 China declares stealing digital collections like NFTs liable for criminal theft sentence

The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property. However, the statement stresses that the third view, which sees digital collections as both data and virtual property, would fall under the umbrella of “co-offending.”

The statement explained that stealing a digital collection includes intrusion into the system on which it is housed, therefore also committing the crime of illegally obtaining computer information system data and theft. It elaborates on this topic, naming digital collections “network virtual property” and stressing that in the criminal law context, “collections should be recognized as property.” NFTs were specifically mentioned, establishing that digital collections are derived from the concept of NFTs “abroad” and use blockchain technology to “map specific assets” with “unique, non-copyable, tamper-preventing, and permanent storage characteristics.” Open / Comment