Day: September 28, 2022

Why Should You Launch A White Label NFT Marketplace Platform Right Away?

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Consider buying a digitally created artwork on the Internet for a decent amount and receiving a unique digital token that certifies your ownership of the artwork. Wouldn’t that be fantastic? That option is now available, courtesy of NFTs. NFTs are currently sweeping the digital art and collectibles industry. Just as everyone thought Bitcoin was the digital solution to currency, NFTs are now being marketed as the digital response to collectibles. Let’s get started and see what all the hype is about!   What is NFT?  Non-fungible tokens (NFTs) appear to…

MEV bot earns $1M but loses everything to a hacker an hour later

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An Ethereum arbitrage trading bot managed to hit the jackpot and lose it all on the same day in an ironic turn of events in decentralized finance (DeFi).  In a Twitter thread, Robert Miller, who works at the research firm Flashbots, shared how a Maximal Extractable Value (MEV) bot with the prefix 0xbadc0de was able to earn 800 Ether (ETH), around $1 million, through arbitrage trades. According to Miller, the bot took advantage of a huge arbitrage opportunity that came when a trader attempted to sell $1.8 million in cUSDC…

Is Peter Thiel’s Pro-Dropout Fellowship Mostly an Advertisement for Himself?

A core flaw in the program, according to Chafkin’s reporting for “The Contrarian,” is the nearly complete lack of any supervision or training. The Thiel Fellowship is sometimes compared to early-stage venture accelerator Ycombinator, but Ycombinator is highly structured, including regular check-ins where participants report their progress. The Thiel Fellowship, at least for its first several years, had no such requirements. Access to Thiel himself was limited, and often perfunctory. Source

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California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes – Regulation Bitcoin News

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The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s behalf. One of the accused companies pitched an alleged metaverse software development scheme, and another firm claimed to be a “decentralized finance (defi) platform.” 11 Crypto Firms Targeted by California’s Department of Financial Protection and Innovation California’s financial regulator the DFPI has been targeting crypto asset companies and on…

Digital Asset Manager Safe to Offer Governance Token for SafeDAO

Safe, one of the largest decentralized custody and digital asset management platforms, features a smart contract wallet that needs a minimum threshold of people to authorize a transaction before it can go through. While Safe smart contracts mostly dominate on the Ethereum blockchain, they also run on several other blockchains, such as Arbitrum, Aurora, Avalanche, Binance Smart Chain, Gnosis Chain, Optimism and Polygon. Source

Director’s Update – International Day for Universal Access to Information 2022

28 September 2022 This is the fourth in a series of updates from Warren Seddon, Director of FOI and Transparency. His blog posts provide a regular update on our FOI work and share key learnings to help practitioners and the wider FOI community understand our developing thinking and carry out their roles. You can read Warren’s last blog post here. Every year on 28 September we join colleagues across the world to celebrate UNESCO’s International Day for Universal Access to Information. It is an opportunity to raise awareness of the importance…

Quant (QNT) Price Defiles All Odds On A Bloody Day, Eyes $160

QNT price holds strong above 50 and 200 EMA on a higher timeframe.  QNT rallies as price eyes $160 despite the crypto experiencing a bloodbath across the market.  The price faces resistance at $144 in the weekly timeframe.  Quant (QNT) price has recently shown bullish strength against tether (USDT) as price trends higher above expectations. The price of Quant (QNT) has shown its strength despite Bitcoin (BTC) pulling most altcoins down after a rally from $19,000 to a region of $20,400, with the price rejected instantly from that region. (Data…

KCC Beowulf, The Major Event of The KuCoin Web3 Ecosystem Was Launched, Win $100,000 Worth of Prize Pool

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KuCoin’s 5th Anniversary, KuCoin Community Chain (KCC) together with KuCoin Wallet and Windvane jointly hold KCC Beowulf campaign. KCC Beowulf is a 7-week interacting campaign. More than 20 projects and protocols that have been deployed on KCC participated in the event, including decentralized exchanges (DEX), lending protocols, wallets, cross-chain bridges, etc. Users will be considered as challengers and mint one initial character NFT. Then, they will go through a 4-round of web3 project interaction tasks. In the final part, challengers need to craft one final profile picture (PFP) NFTs and…