Day: January 11, 2022

FTC issues public warning about new crypto ATM scam

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The United States Federal Trade Commission published an alert of a new version of a scam involving cryptocurrencies. The scam has three key components, an impersonator, a QR code and a crypto ATM where the victims will be directed to send money. According to the FTC, fraudsters pretend to be public officials, law enforcement agents or employees of local utility companies. The imposters also utilize dating apps and pretend to be potential romantic partners or call victims to announce that you’ve won a prize. No matter how it starts, it…

Axis Bank issues financial contract on state-backed blockchain platform

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Indian financial services giant Axis Bank issued a financial contract between two domestic businesses by using a government-backed blockchain platform called Secured Logistics Document Exchange (SLDE). SLDE was developed and released on Jul. 28, 2021, by India’s Ministry of Commerce & Industry to serve as a digital document exchange platform that uses blockchain-based security protocols for data security and authentication. According to the official announcement, Axis issued a letter of credit, a financial contract that guarantees payment upon conditions, between Arcelor Mittal Nippon Steel India and Lalit Pipes & Pipes…

Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode – Bitcoin News

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On Monday, January 10, the Argentina-based mobile wallet company Belo announced that the platform has added support for the Lightning Network by partnering with the bitcoin payment processor and infrastructure provider Opennode. The mobile application allows users to trade and transact in pesos and now users can transact with bitcoin payments going forward. Belo Partners With Opennode, Introduces Lightning Network Support Belo, the Argentine mobile wallet application founded by Manuel Beaudroit aims to “create a bridge” between the crypto world and life in pesos. On Monday, the company announced it…

Sega Might Drop NFT Experiments if Perceived by Gamers as a Money Grab – Games Bitcoin News

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Sega, a leading videogame development company, has announced its new stance when it comes to the play-to-earn model and the inclusion of NFTs in its games. In the latest management meeting of the company, which happened on December 24th, Sega CEO Haruki Satomi stated that the company may drop its current experiments in the NFT field if players take a negative view of the subject. Sega CEO Reveals Company Might Scrap NFT Plans The CEO of Sega, Haruki Satomi, has referred to the possible stance the company may…

EverRise Launches EverSwap With a Native Coin Swap to Facilitate Cross-Chain Exchanges – Press release Bitcoin News

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press release PRESS RELEASE. EverRise launches their fifth decentralized application (dApp) today, EverSwap, a multi-chain decentralized exchange (DEX), with a Native Coin Swap feature powered by their cross-chain bridging dApp EverBridge. The Native Coin Swap (NCS) functionality lowers the barrier to entry for those interested in the multi-chain DeFi space by making the cross-chain experience accessible and seamless with fewer steps, fewer fees, and faster transfers. With EverSwap’s Native Coin Swap, users will be able to swap native cryptocurrencies, starting with Ethereum (ETH / ERC-20), Binance Smart Chain (BNB /…

Animoca Brands’ Lympo NFT platform hacked for $18.7 million

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Sports NFT minting platform and Animoca Brands subsidiary Lympo suffered from a hot wallet security breach and lost 165.2 million LMT tokens worth $18.7 million at the time of the hack. A short Medium update from the Lympo team stated that on Jan. 10 hackers managed to gain access to Lympo’s operational hot wallet and “stole a total of approximately 165.2 million LMT from it.” According to the post, ten different project wallets were compromised in the attack. It appears that most of the stolen tokens were sent to a…

World’s biggest podcaster Joe Rogan has a ‘lot of hope’ for crypto

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Controversial comedian and commentator Joe Rogan said that he “has a lot of hope” for cryptocurrencies in a recent podcast interview. In the 1760th Jan. 8 episode of his podcast, “The Joe Rogan Experience,” Rogan discussed the future of crypto with fellow podcaster, Adam Curry. Rogan’s podcast has an estimated 11 million listeners per episode, despite Spotify’s attempts to censor some of the more offensive episodes. Rogan, whose podcast took the top spot as most popular on Spotify during 2021, stated: “It’s either going to fall apart completely, or we’re…

Yellow Card Announces It’s Resuming Deposits and Withdrawals via the Naira – Exchanges Bitcoin News

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Yellow Card has announced the resumption of naira deposits and withdrawals in Nigeria via a statement from the cryptocurrency exchange platform. The move by the company comes almost a year after a central bank directive forced Yellow Card to suspend deposits and withdrawals. CBN’s Growing Interest in Digital Currencies Almost a year after suspending services following a central bank directive, crypto exchange platform Yellow Card now says it is resuming local deposits and withdrawals in Nigeria. The company’s resumption of services also comes a few months after the Central Bank…

Is There a Way to Expand DeFi?

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Almost inherent to the industry is the idea of expanding, evolving and changing with this ever-growing market. Therefore, many decentralized finance (DeFi) projects come out to show what they got to see whether it can be the next big hit. What comes from these endeavors is the idea that there are ways to change the way people interact with DeFi and related services, usually through a community of cryptocurrency investors through which platforms can gain exposure and raise funding for their projects. Reducing System Problems One project looking to change…