Crypto Power - Shilling

2023-09-08 00:09:04 Binance Executive Responsible For The Fiat Business Leaves The Exchange Amid The Crisis

According to the Wall Street Journal, several high-ranking executives have bid farewell to cryptocurrency giant Binance, marking a period of significant senior turnover within the company. Notable departures include Gleb Kostarev, who served as the regional head overseeing the Commonwealth of Independent States region, encompassing Russia, Eastern Europe, Turkey, Australia, and New Zealand.

Vladimir Smerkis, the Russia chief, also stepped down. Additionally, Helen Hai, a long-standing figure at Binance since 2018, left her role, primarily leading the exchange’s global fiat business. Binance’s recent struggles with regulators have resulted in staff layoffs and benefit cutbacks. Late last month, it revealed its contemplation of withdrawing from the Russian market and ceased allowing customers to transact with sanctioned Russian banks. This action followed a Wall Street Journal report outlining the exchange’s involvement in facilitating Russians’ cross-border money transfers, which may have exacerbated its legal woes in the United States. Open / Comment

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2023-09-06 00:44:00 dYdX Community Approves dYdX V4 And DYDX Token Migration

In a significant development, the dYdX community has given its stamp of approval to the dYdX V4 adoption and DYDX migration proposal put forth by Wintermute. This pivotal decision signals a major shift in the dYdX ecosystem, promising exciting changes for its users. The key components of this proposal include the adoption of dYdX V4 open-source software as the next version of the dYdX protocol and the selection of DYDX as the Layer 1 (L1) token for the dYdX Chain.

Under this proposal, the dYdX community commits to adopting the Ethereum smart contract, commissioned by the dYdX Foundation, which would facilitate a permissionless and autonomous one-way bridge for migrating DYDX tokens from Ethereum to the dYdX Chain. Furthermore, it’s worth noting that the proposal also emphasizes that wethDYDX, the resulting token from this migration, will maintain the same governance and utility functions as Ethereum-based DYDX (ethDYDX) on dYdX V3, ensuring continuity for users. The approval of these significant changes does not necessitate any smart contract modifications and can be ratified through a Snapshot vote. Open / Comment

2023-09-03 15:46:53 Binance Address Generates 70,000 WBETH Worth $117 Million

Binance address, commencing with 0xa424, has raised eyebrows in the crypto world. Approximately 20 hours ago, this address generated a staggering 69,999.6 Wrapped Bitcoin (WBETH), with an approximate value of $117 million. This substantial WBETH creation has piqued the interest of investors and analysts alike. The movement of such a significant amount of WBETH within a short timeframe has sparked discussions within the crypto community about its potential implications.

The WBETH generated from this address was not simply left idling. Instead, it was promptly transferred to another wallet known as “Binance 14.” The movement of such a significant amount of WBETH within a short timeframe has sparked discussions within the crypto community about its potential implications. The move is part of Binance’s strategic shift to prioritize and expand the use cases for WBETH, a token that represents Bitcoin on the Ethereum blockchain. By doing so, Binance aims to tap into the growing demand for decentralized finance (DeFi) and NFT applications that often require WBETH. This event unfolded against the backdrop of Binance’s recent announcements regarding BETH (Binance Ethereum) and WBETH (Wrapped Bitcoin). Open / Comment

2023-08-30 13:22:55 Blockchain Analysis Reveals Inflow Of 14.6 Billion Contaminated USDT Into Southeast Asian Trading Platforms

DeTrust, a subsidiary of blockchain data analysis firm Bitrace, has uncovered startling insights into the flow of contaminated USDT (Tether) within Southeast Asia. The blockchain analysis, conducted on August 28, points to a significant influx of over 115 billion USDT into Southeast Asian platform addresses in 2022. Disturbingly, this includes 37.16 billion USDT associated with online gambling activities and a staggering 69.78 billion USDT linked to money laundering endeavors. Fraudulent USDT accounted for less than 460 million USDT.

A comprehensive examination of known addresses tied to Southeast Asian entities reveals that a substantial sum of more than 14.64 billion contaminated USDT found its way into centralized trading platforms, both directly and indirectly. These contaminated funds encompass various illicit activities. These findings underscore the multifaceted challenges surrounding the cryptocurrency and blockchain landscape. Despite its potential for positive innovation, the sector grapples with issues like fraud, money laundering, and illicit financial activities. The presence of significant contaminated USDT within Southeast Asian blockchain platforms serves as a stark reminder of the ongoing efforts required to maintain integrity and transparency within the digital financial realm. Open / Comment

2023-08-28 21:34:08 Binance Removes Cardano, MATIC, Pepe Coin, BTC & 35 Other Liquidity Pools, What It Means?

https://coingape.com/binance-removes-cardano-matic-pepe-coin-btc-35-other-liquidity-pools-what-it-means/?utm_source=elena&utm_medium=telegram Open / Comment

2023-08-25 18:29:35 Worldcoin Faces Global Regulatory Hurdles Amid Expansion

Recent developments around Worldcoin have reignited discussions on data privacy and the ethical implications of personal identification. The project's audacious goal to grant everyone on Earth a biometrically verified digital ID has captured attention globally—and not always in a good way.

With its rapid ascent, the platform faces significant challenges, as governments and experts scrutinize its methods and intentions.

Worldcoin launched on July 24 of this year, issuing its WLD cryptocurrency token. Initially given to beta program participants, Worldcoin offered an airdrop of 25 WLD (worth around $2.21 USD each at the time of launch) to people willing to undergo an iris scan.

The company states its mission is to create a global system where anyone can verify their humanity online. To achieve this, they introduced the World ID, a unique identifier generated through an iris scan.

This IrisCode acts as a one-time mark to ensure authenticity, and once issued, the ID is stored on the Worldcoin blockchain, ostensibly safeguarding user privacy. Simultaneously, the World App stores user credentials and doubles as a cryptocurrency wallet, facilitating transactions with WLD.

As of August 11, over 2.2 million people have registered on the platform. But this rapid expansion hasn't been without its share of controversy. Open / Comment

2023-08-22 23:56:27 BNB Bridge Hackers: Venus Community’s Swift Action Boosts Stability Amid BNB Price Fluctuations

BNB Bridge hackers’ loan health factor alert on Venus amid falling BNB Price As the price of Binance Coin (BNB) plummeted below $210, early warning monitoring by Paidun revealed a concerning development: the BNB Bridge hackers’ loan health factor on Venus sank to 0.99. The Venus community responded by passing a governance proposal to greenlight the liquidation of positions linked to previous BNB Bridge hacks. These hackers had exploited vulnerabilities last year to steal 2 million BNB tokens from BNB Chain’s Token Hub.

Unconventionally, they opted to deposit 900,000 BNB and secure loans of nearly $150 million in stablecoins via the Venus Protocol. Remarkably, the hackers maintained this position for nearly a year without interacting with the Venus contract. Before liquidation commenced, the hackers’ accounts held a substantial $204.1 million in BNB on Venus. To address this complex scenario, the BNB Chain core team proposed that the Venus management department take over the hackers’ debt. This initiative involved transferring $60 million to the BNB Bridge hacker liquidation account. As the price of BNB dipped below $220, triggering a liquidation state, the team initiated multiple transactions to liquidate $30 million in debt. Consequently, 146,150 stolen BNB were reclaimed, with a remaining debt of over $124 million. Open / Comment

2023-08-17 21:40:44 PURRCOIN | $PURR

Sale live currently on pinksale brought to us by a based incubator who 9/10 brings us gem after gem ! Loving the meme and the hyped community ! This could send for sure

#Purr a trending slang with 2.7 billion plus views on TikTok, A very im-purr-tant part of the idea of building a meme-coin from the #purr is so it may connect with the vast users of the slang "#purr" with humour, magic internet money culture, and viral content to create fun and relatable experiences for investors. $Purr is a revenue sharing crypto project built on the Binance Smart Chain , allowing investors to share a portion of the revenue generated from the Purr token, Purr NFTs and a Secret utility.

Pinksale: https://www.pinksale.finance/launchpad/0x720fE66920F6a18F8ca4cc99E1f1D19851774098?chain=BSC

Presale Closes :
2023.08.18 [Friday] 17:30 (UTC)

Buy/Sell Tax: 0/1
No Team Tokens
LP Locked 1 year +
No Private Sales, No Airdrops
Contract Renounce
Partnerships


WEBSITE | GITBOOK | Open / Comment

2023-08-10 17:01:58 Project Name : ALCABOT

ALCABOT team is doing fairlaunch presale with 50 bnb softcap on pinksale and currently live. Team has SAFU, KYC and Audit badges. Tax will be 3/3 at launch

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https://www.pinksale.finance/launchpad/0x3d231a96641e352cb45b93feccdda957da2e9827?chain=BSC

Telegram | Website | Twitter Open / Comment