Mga Gabay, Kaalaman at Insight sa Crypto

DeepDAO Launches First-Ever Specialized Search Engine For The DAO Ecosystem

A Google for decentralized autonomous organizations and the people in it.　　DeepDAO, a data aggregator and analytics tool, has launched the first specialized search engine for the DAO ecosystem.　　With over 4,100 DAOs and 1.6 million people holding governance tokens, it‘s becoming increasingly hard to navigate this complex, emerging world. DeepDAO’s proprietary search engine was desgined to provide those participating in the DAO ecosystem with an easy way to make informed decisions.　　DeepDAOs engine maps relationships between DAOs, their users, and their tokens　　Decentralized autonomous organizations (DAOs) have been part of the crypto industry for quite a while, but it wasnt until mid-2021 that they became an irreplaceable part of the market. The innovative governance structure enables businesses and organizations to be managed digitally, in a fully-decentralized way, and with unprecedented transparency.　　However, the sheer number of DAOs on the market makes it a hard ecosystem to navigate and could be deterring people from joining in.　　“This emergent, extensive network of people socializing, investing, working, and doing remarkable things together, demand a deeper suite of tools. People in W3 need relevant data to help them forge new connections between themselves and their organizations in a fun and accessible way,” said Eyal Eithcowich, founder and CEO of

2022-02-02Malalim na Pagsisid

Qubit Finance Hit with $80 Million Hack

Another situation where the developers behind Qubit are left with few answers for their community.　　QBridge Exploited for $80 Million　　The Qubit Protocol was the subject of an $80 million hack to its QBridge deposit function between Ethereum and Binance Smart Chain. Sadly for the team behind Qubit, this is not their first encounter as the team faced a couple of hacks in 2021 working with PancakeBunny. 　　The latest attack was first pointed out by Twitter user @claudeshannon.eth, who noted mysterious withdrawal activity related to Qubit on BscScan at around 22:19 UTC on January 27. A little more than an hour later the hack was recognized and acknowledged by PeckShield, a prominent blockchain security auditor. 　　“It seems the QBridge of @QubitFin is hacked to mint huge amount of xETH collateral and drain the pool funds about $80M,” PeckShield tweeted just before midnight on the 27th. “Please note we audited the Qubit lending, not the QBridge! More to come…”　　Certik, another blockchain security auditor, also gave their perspective on Twitter. The team at Certik confirmed the blackhat made off with 77,162 $qXETH, roughly $80 million at the time.　　“@QubitFins bridge contract, QBridge, has experience an exploit and minted 77,162 $qXETH worth $80M,” Certik tweeted, beginning

2022-01-31Malalim na Pagsisid

The Biggest Crypto Heists Of All Time

Why is cryptocurrency theft increasing？　　Crypto fraudsters, especially scammers, prey on naive buyers in the physical world by reading the fine print in contracts.　　Understandably, crypto heists pique the publics interest. The first consideration is the massive amount of money to be stolen—legacy financial organizations are rarely robbed of such large sums of money. Second, because cryptocurrencies have only lately piqued the publics interest, any hack is bound to generate headlines.　　On top of that, hackers have discovered that stealing cryptocurrency is more straightforward than stealing cash or electronic money in the banking system. As a result, it is becoming more widespread. Moreover, as cryptocurrency is commonly stored in huge sums and can be transferred instantly and anonymously from anywhere using only a private key or passcode, crypto hackers target it.　　Lets take a look at the biggest crypto thefts of all time in this article. Also, the article will outline why crypto exchanges keep getting hacked; why are crypto heists getting larger and what we can do to protect ourselves from crypto heists.　　What are the biggest cryptocurrency heists in history？　　The biggest crypto heists to date are MT Gox, Bitgrail, Coincheck, KuCoin, PancakeBunny, Poly Network, Cream Finance, BadgerDAO, Vulcan Forged and Bitmart.　　MT Gox　　MT Gox

2022-01-31Malalim na Pagsisid

Axie Infinity's Blockchain Launches Governance Token

Sky Mavis, the founder of Axie Infinity, has launched the RON token, which will govern the Ronin blockchain.　　The governance token for Sky Mavis‘ Ronin blockchain, RON, has been launched. The founder of the blockchain game Axie Infinity created the Ronin blockchain to scale the game’s success. 　　Decentralizing Axie Infinity　　Axie Infinitys Ronin chain now has a governance token, a key step in decentralizing the network. 　　Today, the Sky Mavis team behind Axie Infinity launched the RON token, the governance token for the Ronin blockchain. This is an important announcement for the Axie Infinity ecosystem because the Ronin blockchain, an Ethereum sidechain, has proven crucial for Axie Infinitys success over the past year. 　　The high fees and slow transaction times on Ethereums Layer 1 caused issues for Axie Infinity users, creating scaling struggles for years. To address this, Sky Mavis built its own chain—Ronin. 　　The RON token will have several uses. Ronin block validators will hold and stake RON and be rewarded with it. Moreover, gas fees will be paid in RON, and accounts will now be granted more than 100 transactions per day. Owners of NFTs in the Axie ecosystem will also receive a certain number of free transactions. On Katana,

2022-01-28Malalim na Pagsisid

OpenSea Reverses Limits On Minting After Community Backlash

OpenSeas critics said the policy change stifled NFT creators by trashing the ability to create unlimited collections and NFTs on the platform.　　NFT marketplace OpenSea has backflipped on a controversial decision to limit the number of NFTs and collections creators can mint using its smart contract.　　The platform previously allowed unlimited collections and items, but changed its policy to only allow five NFT collections with 50 items per collection when using OpenSeas collection storefront contract.　　The unexpected announcement from OpenSeas Twitter Support account, posted on Jan. 27, stated the lower limits came after it had “addressed feedback received about its creator tools.” .　　A follow-up tweet asked the community to “share how this affects your creative flow.”　　NFT creators hit back, some arguing that their unfinished collections would now never be completed due to the change, with others noting that they were part-way through creating collections numbering in the hundreds to thousands.　　One creator, who goes by “HamsterNFT” on Twitter, shared a screenshot showing how they couldn‘t upload any more of their NFTs, stating their frustration that they’re now stuck at 96 pieces out of the 100 piece collection.　　Creators could still deploy their own smart contract to circumvent the limits imposed by OpenSea, but with smart

2022-01-28Malalim na Pagsisid

SafeMoon Coin Wallet Surpasses 1 Million Users

SafeMoon Wallet Hits Milestone　　In a strong testament to community support, the SafeMoon wallet has officially surpassed one million users. The Safemoon Army achieved the feat in less than five months.　　SafeMoon made the announcement via Twitter on January 25 following a few days of teasing users that the big day is almost here. The achievement also comes with the added bonus that the SafeMoon community will get to see CEO John Karony eat pineapple, something which he despises!　　“WE DID IT!! The #SAFEMOONARMY has blasted past 1 MILLION #SAFEMOONWALLET downloads in under 5 months! ???????? There is no sign of slowing down... next stop, 2 MILLION! What might we do when we hit that milestone？ ????” the SafeMoon account tweeted, hinting at the pineapple emoji.　　The SafeMoon Army is one of the strongest on Binance Smart Chain proven by the overwhelming number of holders and now wallet downloads. The recent V2 migration has also been successful, and the team behind Karony has a big vision for 2022. One of the key features to watch out for is their approach to sustainability. 　　What is SafeMoon？　　SafeMoon is a alt-token that was launched in March 2021. It runs on the Binance Smart Chain and is a

2022-01-27Malalim na Pagsisid

NASA blasts NFTs: Says they won't take off with its imagery

Concerning NFTs, NASA stated that it does not wish for its images to be used for these purposes.　　Despite a general consensus amongst degen apes that NFTs are headed to the proverbial moon, space agency NASA has revealed it will not clear the use of its content and logos for take off.　　This is an important clarification as the US government agencies images and video content are typically not copyright protected, and can ordinarily be freely used for educational and informative purposes in media. (Its logos meanwhile are copyrighted and can only be used if approved by NASA).　　While the NFT sector continues to surge full steam ahead — with platforms such as OpenSea posting record monthly volumes in January already — NASA has stated via its media usage guidelines that it does not wish for any of its content to be tokenized:　　“Non-Fungible Tokens (NFTs) are, in essence, digital tokens owned by someone as a ‘one of a kind’ digital asset. NASA does not wish for its images to be used for these purposes. It is unlawful to falsely claim copyright or other rights in NASA material.”　　NASAs logo has often been used for commercial purposes such as branding on fashion items, however the

2022-01-27Malalim na Pagsisid

YouTube's Head of Gaming Leaves to Join Polygon Studios as CEO

Ryan Wyatt has been a vocal proponent of blockchain and NFTs while at YouTube.　　The head of YouTube Gaming, Ryan Wyatt, will soon be leaving his post at the Google-owned tech company. Starting in March, Wyatt will become the CEO of Polygon Studios, a new venture dedicated to building on the Ethereum sidechain Polygon. 　　Despite YouTube‘s own growing interest in blockchain and NFTs, Wyatt says it’s time for a new venture. “I came to YouTube almost eight years ago to help give gamers a voice and represent the gamers needs every day,” Wyatt wrote on Twitter. 　　“In my role at Polygon Studios, I will be focused on growing the developer ecosystem through investment, marketing, and developer support and bridging the gap between Web2 and Web3. Ill be leading the Polygon Studios organization across Gaming, Entertainment, Fashion, News, Sports, and more.”　　As a YouTube executive, Wyatt has garnered respect from YouTube Gaming creators, with the likes of “Call of Duty” streamer Dr. Disrespect and esports organization 100 Thieves Nadeshot, CouRage, and Valkyrae congratulating him today on the upcoming move. 　　Wyatt spearheaded YouTube Gamings live streaming initiatives, securing exclusive deals with huge creators such as TimTheTatman, Ludwig, and Dr. Lupo. As a result, YouTube

2022-01-26Malalim na Pagsisid

Engineer Hacks Trezor wallet, Recovers $2M in 'Lost' Crypto

Hacker helps Trezor One owner who forgot his wallet passcode and seed phrase to recover cryptocurrency funds valued over $2 million.　　A computer engineer and hardware hacker has revealed how he managed to crack a Trezor One hardware wallet containing more than $2 million in funds.　　Joe Grand — who is based in Portland also known by his hacker alias “Kingpin” — uploaded a Youtube video explaining how he pulled off the ingenious hack.　　After deciding to cash out an original investment of roughly $50,000 in Theta in 2018, Dan Reich, a NYC based entrepreneur, and his friend, realized that they had lost the security PIN to the Trezor One the tokens were stored on. After unsuccessfully trying to guess the security PIN 12 times, they decided to quit before the wallet automatically wiped itself after 16 incorrect guesses.　　But with their investment growing to $2 million this year, they redoubled their efforts to access the funds. Without their wallets seed phrase or PIN the only way to retrieve the tokens was through hacking.　　They reached out to Grand who spent 12 weeks of trial and error but eventually found a way to recover the lost PIN.　　The key to this hack was that during a

2022-01-26Malalim na Pagsisid

Bank Of America Says Stablecoin Adoption And CBDC is "Inevitable"

A recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank.　　It appears that the U.S. will finally be moving forward to create its own central bank digital currency (CBDC) according to the Bank of America.　　Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a Jan. 24 note that CBDCs “are an inevitable evolution of todays electronic currencies,” according to a Bloomberg report. The analysts wrote:　　“We expect stablecoin adoption and use for payments to increase significantly over the next several years as financial institutions explore digital asset custody and trading solutions and as payments companies incorporate blockchain technology into their platforms.”　　Meanwhile, a Jan. 20 report titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation” from the Federal Reserve Bank (FRB) weighed up the benefits and disadvantages of the U.S. potentially adopting a CBDC.　　It considered whether a CBDC could potentially “improve the safe and effective domestic payments system” for households and businesses as “the payments system continues to evolve,” possibly resulting in “faster payment options between countries.”　　In the meantime, Shah and Moss stated

2022-01-25Malalim na Pagsisid

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