InCoin Eng (crypto news)

2022-02-05 19:46:01 Solana platform hacked once again: millions of dollars stolen

Solana posted a post announcing that the Wormhole bridge had been hacked.

"The bridge between Solana and Ethereum was hacked, as a result of which an unknown hacker managed to steal 120 thousand ether coins, about $320 million.

The communication bridge connecting Solana with other DeFi protocols pledged to replenish ETH to restore the balance, preventing panic among users. Despite such a promise, experts have had time to wonder where the ether will come from, as the team does not disclose this information.

Despite the statements that this hack will not make users uncomfortable, the Wormhole development team announced that they are ready to cooperate with the hackers. They were offered to return the stolen funds for a hefty fee, a "kickback" of $10 million.

This, by the way, is the fourth hack of Solana's blockchain in the last few months. Open / Comment

2022-02-04 19:14:01 Myanmar to consider launching national digital currency

The Myanmar government, which came to power as a result of a military coup, plans to launchttps://lh3.googleusercontent.com/mg4glZnplQag3s1pgCShw5Nhspvw356a0QdADFqXIZroDbCnWm00CMQBqF4aYRO0XxDt_KcfzPkGo-tD7DLl3E18_VJKq2gpBJbvPa3mI-PkeGs=s750h CBDC. This was reported by Bloomberg.

"We haven't decided whether we should implement the project on our own or with local companies," said Zaw Min Tun, deputy minister of information.

The official said the digital currency will support domestic payments and economic growth.

Win Myint, director of the Central Bank of Myanmar's Monetary Authority Department, explained that the project is under discussion.

The initiative comes two months after the deposed government recognized USDT as the official currency. Supporters of the arrested leader Aung San Suu Kyi began fundraising for the campaign to overthrow the military regime.

The World Bank, which estimated that Myanmar's GDP will fall by 18% in fiscal year 2021 Open / Comment

2022-02-04 18:33:01 Mitsui & Co. to release cryptocurrency tied to gold

Japanese trading house Mitsui & Co. plans to release a digital currency called ZipangCoin (ZPG) this month. The currency will be linked to gold prices and sold to retail investors through cryptocurrency exchanges.

The ZPG will allow people to purchase goods from affiliated retail stores using a smartphone app, just like other digital payment systems that are becoming increasingly popular in the country.

It appears to be Japan's first cryptocurrency tied to gold. Unlike Bitcoin and other cryptocurrencies, which are not backed by tangible assets, the value of the new cryptocurrency will be less volatile. Mitsui created the cryptocurrency exchange with Seven Bank and others and registered it with the local financial bureau of Kanto with permission from the central government's financial services agency (FSA). Open / Comment

2022-02-04 17:41:00 Creator of dogecoin exhibited his own NFT collection at OpenSea

Dogecoin (DOGE) "meme" cryptocurrency creator Billy Marcus presented his own collection of non-exchangeable tokens (NFT) at OpenSea. According to the Dreaming Doge collection description, a total of 8 NFTs in pixel style are available for purchase. As of this writing, the minimum bid for an NFT is 0.088 ETH (~$250), and trading volume is already 264 ETH (~$747,000).

The highest bid per token is 0.15 ETH (~$424). Users have already caught a hint of the DOGE burning feature on one of the NFTs, which was implemented in the Ethereum network in 2021 and later in the Binance Smart Chain. Marcus himself has not commented on the theories at the time of writing. Open / Comment

2022-02-04 16:39:00 Nintendo: We sense potential in NFT

Nintendo has stated that it is interested in non-interchangeable tokens (NFT) and the meta-universe, but it remains unclear exactly what the company can bring to the industry to delight its users.

During a Q&A session following the release of Nintendo's latest financial results, company executives were asked about Nintendo's stance on the meta-universe and NFT.

Nintendo representatives said that the company has an interest in this area, they feel it has potential.

However, it was stressed that Nintendo has been wondering about bringing something new to the industry and so far remains unanswered.

Game companies have taken a proactive stance on new technology, trying to incorporate it into their products. For example, Electronic Arts CEO Andrew Wilson recently stated that the company is studying the industry. Open / Comment

2022-01-31 21:02:37 Netmarble announces more than a dozen blockchain games

South Korean gaming giant Netmarble plans to release more than ten games that will use blockchain technology and elements of the meta universe.

Netmarble founder Ban Joon Hyuk said that the first game in which users will be able to monetize intangible game assets using cryptocurrencies will be "A3: Still Alive." The game should be released as early as March.

Another game, "Everyone Marble: Metaworld," is going to use "metaworld-related technology." With the help of collectible tokens, gamers are promised the ability to create real estate in Metaworld and buy and sell plots of land in the virtual world.

"Blockchain-based Netmarble games will combine intangible assets with NFT. Metaworld and blockchain can create a new real world beyond the boundaries of virtuality. I believe that in the future the gaming industry will become even more advanced than it is now," says Joon Hyuk. Open / Comment

2022-01-31 19:09:00 TerraZero has issued the first mortgage in the meta universe

TerraZero, a company specializing in virtual object trading, has issued the world's first mortgage loan for a meta-universe. The objects for sale on credit were properties in Decentraland.

Two parcels of digital land were sold on mortgage for about $15,000 each, said TerraZero CEO Dan Reitzik. He explained that TerraZero is trying to give customers understandable tools that work equally in the real and virtual worlds:

"Right now, a whole new economy is taking shape. Mortgages and the availability of financing will accelerate the development and implementation of the meta-universe, and we're happy to be at the forefront."


Before issuing a mortgage, TerraZero underwrites the buyer, as any traditional finance company would do. TerraZero remains the owner of the digital property as the registered owner until the loan is paid off. Open / Comment

2022-01-29 19:02:01 Johnny Depp makes money selling NFTs

Actor, filmmaker, musician, screenwriter and producer Johnny Depp also paints. He is going to sell 11,111 of his own paintings as unique NFT tokens. Among them will be portraits of his friends and people who inspire Depp.

After Johnny Depp disappeared from the cinema screens, the actor found a way to express himself in a new way.

Anyone can buy digital copies of portraits of Heath Ledger, Tim Burton, Elizabeth Taylor, Marlon Brando and Hunter Thompson, Depp himself, as well as his daughter Lily-Rose Depp, the dog Mu and invented by the actor's son character Bannimena. Each lot is a finished portrait created from Depp's original artwork and then embellished and further animated.

The actor's collection of paintings is called Never Fear Truth. All token buyers will get access to Johnny Depp's private community on the Discord platform, where they can work together on creative projects. Open / Comment

2022-01-29 17:20:07 Linus Torvalds: "Bitcoin, I am your father..."

Linux creator Linus Torvalds suddenly declared himself Satoshi Nakamoto, the father of bitcoin.

It all started when a modified copy of the Linux kernel source code appeared on GitHub. The modified line of code read: "Name = I Satoshi."

This puzzled many in the cryptocurrency community, but few took the statement seriously as a full-fledged claim that it was Torvalds who really invented the world's first cryptocurrency, bitcoin. Some suggested that the famous programmer was just joking. But the majority believed that it wasn't Torvalds at all.

Shortly before that, another offshoot had already appeared in Torvalds' repository. Its author - also allegedly on behalf of Torvalds - said that Linux "sucks" and urged everyone to uninstall it and switch to Windows XP. Open / Comment

2022-01-29 15:48:01 Trezor has removed the controversial address verification protocol

A week after starting to use the AOPP protocol, Trezor discontinued it due to serious problems with user privacy.

Swiss crypto financial intermediaries require their users to confirm ownership of an external wallet address. The primary validation mechanism is the Address Ownership Proof Protocol (AOPP).

Trezor, a hardware wallet, introduced the AOPP signature as part of a recent update that occurred last week, allowing its customers to create signatures that would comply with the AOPP standard used in some jurisdictions. Yesterday, Trezor said it was removing this protocol in an upcoming Trezor Suite update "after reviewing customer feedback."

Users were concerned that the use of the AOPP protocol indicated that Trezor was using stricter regulation and ignoring the loss of user privacy. Open / Comment