Day: August 23, 2023

Coinbase’s Viral Blockchain App, Friend.tech, Keeps Focus on Underlying OP Stack Technology

PRICE OF POPULARITY: Coinbase, the big U.S. crypto exchange, is getting a fast education, as one of the first big publicly traded companies to run its own blockchain. Its new Base project, a layer-2 network atop Ethereum, just launched this month, and already one of its new applications, Friend.tech, has gone viral, quickly attracting more than 100,000 users and generating more than $25 million in fees. Friend.tech, which allows users to purchase shares of X (Twitter) influencers, saw a rapid spike in activity (see chart above) after announcing on Aug. 18…

Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

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Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects. According to an Aug. 23 report from the Times of Israel, the national police force recommended to prosecutors that Hogeg be charged with fraud, theft, money laundering, and sex crimes, accusing the Israeli citizen of raising $290 million from investors for crypto projects under false pretenses. The entrepreneur had been previously detained by Israeli authorities in November 2021 for allegedly engaging in unlawful activities including fraud involving cryptocurrency,…

Kresus launches curated marketplace for Polygon projects

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Web3 developer KresusLabs announced the launch of Kresus Market, a curated marketplace that acts as a portal to Polygon projects, on Aug. 23.  Unveiling The #Kresus Marketplace: A Curated Marketplace To Explore What Polygon Has to Offer!https://t.co/PiYVx9kwUb The world of crypto can be overwhelming, so we made the Kresus Marketplace to make navigating it easier and more accessible! Let’s dig into it 1/5 pic.twitter.com/t4RTFAw3iH — Kresus: Crypto & NFT SuperApp (@Kresusofficial) August 23, 2023 KresusLabs has made its presence felt in the Web3 space throughout 2023 after closing a $25…

Young South Koreans prefer XRP to Bitcoin and Ethereum

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Young crypto investors in South Korea prefer XRP to Bitcoin (BTC) and Ethereum (ETH), two of world’s largest cryptocurrencies by market capitalization.  XRP is a dominant choice among Gen Z South Korean investors Bithumb data reveals that 82.5% of investors in their twenties, often referred to as “Gen Z”, preferred other altcoins but not ETH. According to local news outlet News 1, which analyzed Bithumb’s investment data in H1 2023, it was discovered that Gen Z…

Rarible To Stop Aggregating Orders From These Three NFT Marketplaces

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Non-fungible token (NFT) aggregator Rarible has plans to cease aggregating orders from marketplaces OpenSea, LooksRare, and X2Y2. The decision comes after OpenSea decided to shift to an optional royalty model. On Thursday, August 17, OpenSea disclosed that royalties – pay cuts from secondary sales – will become optional for new NFT collections after August 31, 2023. Meanwhile, royalty fees for NFT collections that currently utilize the Operator Filter – a feature that enforces creator royalties – will become optional after February 29, 2024. Although the optional royalty model has always…

Tornado Cash co-founders charged with money laundering, sanctions violations

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The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “mixer,” to its list of Specially Designated Nationals and Blocked Persons (SDN) on Aug. 23. Another co-founder, Roman Storm, was arrested by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation division in Washington state the same day. Semenov and Storm are being charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money-transmitting business in an…

Bitcoin Ordinals volume dips 98%, OpenSea to disable royalty tool, and Frend.tech hype: Nifty Newsletter

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Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about the newly-launched decentralized social media platform Frend.tech, which has gained over 100,000 new users since its launch. Yuga Labs plans to wind down support for OpenSea after the nonfungible token (NFT) platform announced it would disable its on-chain royalty enforcement tool, and Bitcoin Ordinals…

Unstoppable Domains launches instant messaging with XMTP

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Unstoppable Domains (UD) has launched an instant messaging system for owners of Web3 usernames, according to an Aug. 23 announcement from principal engineer Aaron Quirk. Owners of .crypto, .wallet, .polygon or other UD-registered usernames can now message each other across most apps that use XMTP, including the UD iOS app and website, Coinbase Wallet, and Lens protocol apps such as Lenster and Buttrfly. The announcement clarified that the Android version of UD will not provide messaging at launch but will provide this feature soon. Unstoppable Messaging is here. Built on…