https://t.me/CryptoMarketUpdates

2022-08-21 07:08:02 Bitcoin donors fund and construct clean water well for 1,000 Nigerian villagers

Various humanitarian organizations continue to leverage cryptocurrencies in a bid to offer equitable opportunities for communities by funding different projects. Notably, the use of crypto offers room for instant transactions and coordination of aid delivery. Indeed, the Built With Bitcoin Foundation director of philanthropy Yusuf Necessary.

During the installation of the water well in the Igbaruku community, Kogi state residents had an opportunity to experience how Bitcoin operates. At the same time, the humanitarian organization provided Bitcoin education to the residents in the local language. The donations towards the project were initiated during the 2022 Bitcoin Conference. Notably, Built With Bitcoin Foundation is a non-profit organization that leverages Bitcoin to collaborate with local communities and partners to provide access to clean water, quality education..

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2022-08-20 07:59:02 E-commerce Giant MercadoLibre Launches its Own Cryptocurrency MercadoCoin in Brazil

Mercadolibre has invested in Bitcoin and crypto companies. Now it will have its own crypto: Mercadocoin. On August 18, MercadoLibre Inc, a multinational e-commerce company based in Latin America, announced the creation of a new cryptocurrency called MercadoCoin, which will be implemented in its loyalty program.

As reported by Reuters, the cryptocurrency will run on the Ethereum network as an ERC-20 token priced at $0.10 each. It will be used primarily for cashback and purchases inside MercadoLibre’s platform. The developer team also hinted at opening the token to the secondary market at some point, but did not elaborate on the idea.Starting August 18, the cryptocurrency will be available to more than 500,000 users in Brazil; however, the team expects to make it available to at least 80 million customers by the end of the month.

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2022-08-19 20:58:32 With bitcastle, you can enjoy top-notch trading with the least fees possible. As a long-standing player in crypto, bitcastle wants to offer exclusive airdrops and referral bonuses.

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2022-08-19 17:58:35 Lucky Block V2 to be listed on Gate.io The 5th Ranked Exchange on CoinGecko and CoinMarketCap

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2022-08-19 08:03:02 Former hedge fund manager alleges he lost $450,000 in crypto from a porn virus

Former hedge fund manager Martin Shkreli has claimed that the massive crash of his cryptocurrency dubbed Martin Shkreli Inu (MSI) was due to a hack that emanated from an attempt to download a pornography file. This comes after the token plunged by over 90% following a dump from a crypto wallet linked to Shkreli.

According to blockchain transactions tracker, Etherscan, a crypto wallet account dubbed 0xshkreli.eth transferred over 160 billion tokens to an unidentified wallet on August 12 before the MSI crashed. In response to an investigation by YouTuber SomeOrdinaryGamers run by Muta Anas, Shkreli stated the token dump emerged after malware infected his computer while attempting to download adult content material. Shkreli, convicted of defrauding investors, shared the alleged file with the YouTuber, which contained a 700MB screensaver.

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2022-08-18 07:21:02 EOSIO Rebrands to Community-Led Protocol Antelope

After its fallout with Block.one, the EOSIO blockchain protocol has officially rebranded to Antelope. The coalition, established in January, consists of EOS, Telos, WAX, and UX Network. Each chain will share Antelope’s underlying blockchain codebase while working together to accelerate the development of the core protocol.

According to a press release shared with CryptoPotato, Antelope’s Github repository and website have been made public. The protocol describes itself as an open framework for building fast, secure, next-generation decentralized applications (dApp) and Web3 services. The announcement noted that the initial release of Antelope comes with several innovative features, such as API improvements, history pruning, and enhanced cryptographic functions. The coalition has also proposed several critical RFPs to improve the protocol.

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2022-08-17 08:42:02 Crypto investments fund founder says Polygon is ‘highly insecure & centralized’

Cyber Capital founder Justin Bons described Polygon (MATIC) as “highly insecure & centralized,” claiming only five people are needed to compromise over $2 billion in the ecosystem. According to Bons, five keys are needed to compromise the network, and four are held by its founders. Polygon also chose the remaining key holders.

Bons continued that whoever controls the keys can change the rules and do anything within the ecosystem, including an exit scam where they can take all the $2 billion in the Polygon contract. Bons also criticized Polygon’s transparency report, saying it only justified the multisig and didn’t discuss operational security. Bons recommended that Polygon should become decentralized by following its state of governance report.

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2022-08-16 08:56:02 Aave Bans Justin Sun After He Randomly Received 0.1 ETH from Tornado Cash

The Tron CEO said Aave blocked one of his wallet addresses after randomly receiving ETH dust from Tornado Cash post-sanctions. Decentralized protocol Aave has banned the wallet address of Justin Sun, the founder and CEO of the Tron blockchain project, for unknowingly interacting with sanctioned Ethereum-based crypto mixer Tornado Cash.

Recall that the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently sanctioned Tornado Cash for helping bad actors launder crime proceeds, including those committed against victims in the U.S. Shortly after the sanctions, an unknown user sent 0.1 ETH from a blacklisted Tornado Cash contract address to big crypto-related firms, popular crypto figures, celebrities, and random traders, perhaps in an attempt to mock the U.S. Treasury.

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2022-08-15 08:54:02 Crypto Exchange BTC-e Operator Vinnik Reportedly Denied Bail in US, Maintains Innocence

Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading platform, and other crimes, rejects U.S. charges.

Authorities in the United States have effectively denied release on bail for the IT specialist Alexander Vinnik, Russian media reported, quoting his record on the website of the Santa Rita Jail in California where he is incarcerated. Vinnik has been in the U.S. since his hasty extradition from Greece a little more than a week ago, which angered his international defense team. The crypto entrepreneur was arrested on a U.S. warrant in the summer of 2017.

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2022-08-14 07:02:02 Siacoin creator Skynet to keep operating despite announced shutdown

Siacoin’s (SC) parent company, Skynet Labs, has announced that it will shut down operations after failing to raise sufficient funds in its latest funding round. However, this decision will not affect the Skynet platform, which will continue to operate, and all users’ files will remain on the platform.

The company, formerly known as Nebulous, raised $3 million in a funding round in 2020. While it is a pioneer in decentralized storage, other projects such as Filecoin, Storj, and Arweave have emerged with more financial muscle. Following the announcement, Skynet Labs will still operate for 12 weeks, during which the company will focus on ensuring a proper transition to the Skynet Community. David Vorick, the company’s CEO, said the firm has already laid off half of its employees.

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