Blockchain Progress

2023-08-30 16:00:05 MetaTrace running everyday NFTs pre-listing giveaways!

MetaTrace - Free-to-Play and Earn, geolocation crypto game on the real-world map is preparing for listing and running a series of daily contests with a prize pool of $100.000!

More detailed conditions are described in the official channel of the project, but you definitely need TraceID to participate!

You can get it immediately after free registration on MetaTrace Quest-Platform!

Join the community to know more & win tokens and NFTs from different collections to get access to the closed app testing! It's an opportunity you won't want to miss!

Subscribe to the channel, turn on notifications and follow the daily giveaways!

https://t.me/+H11qtTrb--gxOGRi Open / Comment

2023-08-28 20:31:02 UN Secretary General Antonio Guterres Calls for Reform of ‘Outdated, Dysfunctional, and Unfair’ Global Financial Architecture

Antonio Guterres, Secretary General of the United Nations (U.N.), has noted changes that need to happen with today’s financial institutions to fit into the current multilateral world. During the recent BRICS leaders summit, Guterres said that the current “outdated, dysfunctional, and unfair” financial system needs to be reformed, including Bretton Woods institutions.

At the recent BRICS leaders summit in Johannesburg, Guterres stated that multipolarity was not guaranteed to achieve peace and that more should be done to grow a “global community.”

Furthermore, Guterres acknowledged current institutions were outdated and answered to a deprecated world configuration, calling for reforms that would “reflect today’s power and economic realities, and not the power and economic realities of the post-Second World War.”

The U.N. Security Council has been widely criticized as small and ineffective by several scholars consulted by the Carnegie Endowment for International Peace.

Guterres reinforced the need to reform the current financial system as part of what he called “priorities for action and justice.” Nonetheless, he recognized that this is unlikely to happen quickly in today’s geopolitical situation. Open / Comment

2023-08-25 18:40:08 Palau’s Stablecoin Audit Process Advances

Palau’s Ripple-backed stablecoin pilot audit process is advancing, with the Ministry of Finance collaborating with auditors and turning in more than 200 documents for review. Jay Hunter Anson, a Palau Ministry of Finance member, explained he was ready to show auditors that every transaction can be traced thanks to the public ledger tech.

The audit process on Palau’s stablecoin (PSC) pilot, a project that uses Ripple’s xrpl ledger to issue a dollar-backed stablecoin as a central bank digital currency (CBDC), is advancing, as the Ministry of Finance collaborates with the government auditors.

J ay Hunter Anson, a member of the Ministry of Finance, offered an update about how blockchain technology would help in the process due to the traceability of each transaction.

Rudimch criticized the legality of the program and the funds used for its implementation, stating that the Ministry of Finance might not have the faculties needed to organize the pilot.

Hunter Anson has personally answered some of Rudimch’s inquiries, explaining that PSC was not another cryptocurrency like Bitcoin, being more akin to Alipay, a Chinese payment system used widely in Palau without requiring special laws to be passed.

The fate of Palau’s stablecoin is still uncertain, as the government announced that the program would be evaluated for two months, with its upcoming expansion depending on the review of its impact, among other aspects. Open / Comment

2023-08-22 18:00:06 notabot is a collection of 1111 Genesis Pass NFT’s that provide access to it's advanced platform for non-technical holders looking to buy, sell, and analyze reward generating NFT’s.

Their mission is to level the playing field for everyone by providing the automation and speed of bots in a simple, easy to use format – allowing anyone to compete with tech-savvy traders in the NFT industry.

HOLDER BENEFITS
Lifetime access to the platform
No membership fees ever
Custom Integrations

Discord: https://discord.gg/itsnotabot
Website: https://notabot.gg/ Open / Comment

2023-08-22 15:00:04 Discover Kyrrex: Your Ultimate Crypto-Fiat Ecosystem!

Join the revolution at Kyrrex.com - a rapidly growing company offering a range of services and perks for all crypto lovers! Your security is our priority, and we're constantly evolving to provide the best experience.

Stay informed with our engaging social media posts, packed with crypto insights and fun facts. Don't miss our ongoing "Know Kyrrex" contest, where you can win fantastic prizes while showing off your crypto knowledge!

Join us on Telegram now and be part of the future with Kyrrex. Open / Comment

2023-08-21 19:00:52 Australia-Based Crypto Lender Sentenced for False Credit License Claims

The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered a “recognisance” of $9,560 (AUD15,000) for 12 months which is contingent on the crypto lender’s good behavior.

The Australian Securities and Investments Commission (ASIC) announced on Aug. 17 that the Melbourne-based cryptocurrency lender Helio Lending has been sentenced for falsely claiming it held a credit license.

In a statement, the Aussie securities regulator revealed that the license claim was made in an article that appeared on Helio’s website in Aug. 2019.

Commenting on her organization’s punishment of Helio, ASIC Deputy Chair Sarah Court said:

We expect entities and individuals to provide accurate information to their customers and potential customers. Helio falsely claimed that it held an Australian Credit Licence (ACL), misleading their customers to believe that they had the protections afforded by such a licence.

For admitting to committing the offense, Helio is said to have entered a “recognisance” of $9,560 (AUD15,000) for 12 months which is contingent on the crypto lender’s good behavior. Open / Comment

2023-08-18 20:09:01 Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’

Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will play a vital role in shaping the future of the virtual assets ecosystem and promoting a safer and more transparent financial system.”

Kenya’s Financial Reporting Centre (FRC) has asked residents of East Africa’s largest economy to participate in its ongoing public survey on virtual assets and virtual assets service providers (VASPs). FRC, a statutory body established under Kenya’s anti-money laundering law, says the anonymously shared feedback is expected to help authorities better understand the country’s crypto ecosystem.

In a statement left on its website, the anti-money laundering body acknowledges the rapid growth of the ecosystem as well as the space’s potential ability “to spur financial innovations and efficiency.”

Therefore, in order to protect the Kenya financial system and consumers, the FRC said it wants Kenyans to share their thoughts via the survey. Open / Comment

2023-08-18 17:00:03 Unleash the Power of Dexsport: Safe and Transparent Betting

Experience the future of betting with Dexsport! The cutting-edge Web3 platform operates on BNB Chain, Ethereum, Polygon, OKC, Avalanche, Arbitrum blockchains, offering you a secure and transparent betting experience.

Discover the Dexsport difference:
Lightning-fast transactions
No intermediaries or registration hassle
Instant payouts and no player blocking
A safe and transparent betting system

Join Dexsport today and be part of the revolution. Betting has never been this safe, transparent, and exhilarating. Don't miss out on the future of betting – get started now!

Try now: https://go.dexsport.io/go/f1d930c4 Open / Comment

2023-08-15 19:49:02 Bitcoin, Ethereum Technical Analysis: BTC Unmoved by Better Than Expected US Retail Sales Data

After peaking at $29,660.25 to start the week, BTC/USD fell to a low of $29,272.35 earlier in today’s session. Since moving above $30,000 on August 8, the world’s largest cryptocurrency has mostly trended sideways.

One reason for a lack of direction appears to be due to the relative strength index (RSI) tracking between a support and resistance of its own.

The index is currently at a reading of 47.57, and has mostly moved between a floor at 47.00, and ceiling at 49.00 in recent days. For bulls, a breakout above the 49.00 zone will also likely be the straw needed to break the camel’s back.

Ethereum (ETH) has remained largely unchanged in the past few days, rising by 0.11% in the past week. ETH/USD bottomed out at $1,837.21 so far during today’s session, which is almost $20.00 lower than Monday’s high.

Price has mostly consolidated around a support point of $1,830 in recent days, however the prospect of a moving average crossover is keeping bullish hopes alive.

The 10-day (red), and 25-day (blue) moving averages are on the cusp of an upwards crossover, which could likely send prices above $1,900.

Similar to BTC, there will first need to be a breakout above a ceiling on the RSI indicator for this to take place. On this occasion the resistance point is at 47.00, and the index is currently tracking at 45.23. Open / Comment

2023-08-12 19:58:02 Fire blocks Discloses Bitforge Vulnerabilities Affecting Dozens of Wallet Providers

Fireblocks, a digital assets security company, has disclosed vulnerabilities affecting several cryptocurrency wallets, collectively named “Bitforge.” Through these vulnerabilities, criminals could steal millions in cryptocurrency without having direct contact with the owners of the wallet or its providers. While some providers have already applied patches, others are still vulnerable.

These vulnerabilities attack the Multi-Party Computation (MPC) algorithms of several vendors.

Similarly, the second vulnerability deals with Lindell17, a signing protocol. Fireblocks states this exploit “originates from Lindell17 implementations deviating from the specification of the academic paper and ignoring or mishandling aborts in case of failed signatures.”

This vulnerability was discovered in the Zengo wallet and later confirmed to work against Coinbase Wallet as a Service (WAAS), as in open-source protocol implementations. Zengo and Coinbase have already patched their wallets to deal with this exploit.

Due to the number of wallets potentially affected by this set of vulnerabilities, Fireblocks has built a utility to allow wallet providers and users to check if their wallets can be exploited using these vulnerabilities. Open / Comment