🔑Blockpass Introduces 1st Unhosted Wallet KYC Solution in the Crypto Sector
Blockpass, the identity verification provider, had announced a new service being launched to help businesses conform to new regulatory standards. With the release of Unhosted Wallet KYC(TM), companies are able to remain compliant with new regulatory laws that are coming into play globally in 2023.
Unhosted or 'non-custodial' wallets are those for which individuals, rather than financial organizations, control the keys.
Blockpass has developed and now released the very first Unhosted Wallet KYC solution, able to be implemented quickly and seamlessly to allow business customers to prove that user withdrawals to unhosted wallets are compliant.
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Blockpass, the identity verification provider, had announced a new service being launched to help businesses conform to new regulatory standards. With the release of Unhosted Wallet KYC(TM), companies are able to remain compliant with new regulatory laws that are coming into play globally in 2023.
Unhosted or 'non-custodial' wallets are those for which individuals, rather than financial organizations, control the keys.
Blockpass has developed and now released the very first Unhosted Wallet KYC solution, able to be implemented quickly and seamlessly to allow business customers to prove that user withdrawals to unhosted wallets are compliant.
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This cycle sees the third largest capitulation of BTC miners (range $20,000 - $16,000)
stronger miners sold coins only in 2011 at BTC $2.10 and in 2015 at BTC $290
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stronger miners sold coins only in 2011 at BTC $2.10 and in 2015 at BTC $290
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⚙️☑️Secret Network Successful Resolved xAPIC Vulnerability.
The Secret Network vulnerability to the xAPIC and MMIO attack was publicly disclosed on August 9, 2022.
These vulnerabilities could be used to extract the consensus seed.
Since then, SCRT Labs has worked directly with Intel and the researchers to identify and build a solution to prevent future vulnerability.
This solution was successfully deployed on November 2, making it invulnerable to future xAPIC attacks.
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The Secret Network vulnerability to the xAPIC and MMIO attack was publicly disclosed on August 9, 2022.
These vulnerabilities could be used to extract the consensus seed.
Since then, SCRT Labs has worked directly with Intel and the researchers to identify and build a solution to prevent future vulnerability.
This solution was successfully deployed on November 2, making it invulnerable to future xAPIC attacks.
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👀Chainlink Staking Launching on December 6
Chainlink Staking v0.1 will goes live on Ethereum mainnet on Dec. 6
The original 12-24 month lock-up period was based on a "conservative release cycle." However, after contacting community members and node operators directly, Chainlink management decided to change the lock-up period to 9-12 months.
The Chainlink staking adds performance guarantees around oracle services with the help of LINK tokens committed by users. On Dec. 6, users will be able to use Chainlink beta with the support of the ETH/USD Data Feed on ETH mainnet.
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Chainlink Staking v0.1 will goes live on Ethereum mainnet on Dec. 6
The original 12-24 month lock-up period was based on a "conservative release cycle." However, after contacting community members and node operators directly, Chainlink management decided to change the lock-up period to 9-12 months.
The Chainlink staking adds performance guarantees around oracle services with the help of LINK tokens committed by users. On Dec. 6, users will be able to use Chainlink beta with the support of the ETH/USD Data Feed on ETH mainnet.
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👂🏻Here are two minutes of Sam Bankman Fried phone interview where he is directly asked how user funds ended up on Alameda... this man is so pathetic
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📉😩Collapsing Crypto Yield Offerings Signal ‘Extreme Duress.’
With all the speculative trades and yield gone, how can companies offer high-yielding rates above traditional “risk-free” rates?
Take Nexo, for example; rates for USDC and USDT are still at 10% versus 1% on other DeFi platforms.
The questions are; Where does the yield come from? Will a 13.9% loan demand be sustainable in the bear market? Won’t rates have to come down further?
The crypto-native credit impulse has plunged since 2021 highs, meaning any product offering crypto-native “yield” is likely under extreme duress.
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With all the speculative trades and yield gone, how can companies offer high-yielding rates above traditional “risk-free” rates?
Take Nexo, for example; rates for USDC and USDT are still at 10% versus 1% on other DeFi platforms.
The questions are; Where does the yield come from? Will a 13.9% loan demand be sustainable in the bear market? Won’t rates have to come down further?
The crypto-native credit impulse has plunged since 2021 highs, meaning any product offering crypto-native “yield” is likely under extreme duress.
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👀FTX Wallet With Over 154B Terra Classic Discovered
LUNC may be at risk of a dump as users discover 154B LUNC on an FTX-owned wallet.
The Crypto Basic check on Terra Finder confirmed the holdings showing that the last transaction on the wallet saw it receive 10 billion LUNC at the end of June. So, unsurprisingly, the Terra Classic community members are left wondering what will happen to the coins.
Some users suspect it may not be recoverable and believe it will help reduce the circulating supply. Others have asserted that FTX should send the tokens to the burn wallet.
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LUNC may be at risk of a dump as users discover 154B LUNC on an FTX-owned wallet.
The Crypto Basic check on Terra Finder confirmed the holdings showing that the last transaction on the wallet saw it receive 10 billion LUNC at the end of June. So, unsurprisingly, the Terra Classic community members are left wondering what will happen to the coins.
Some users suspect it may not be recoverable and believe it will help reduce the circulating supply. Others have asserted that FTX should send the tokens to the burn wallet.
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💰Alameda invested $1.15 billion into crypto miner Genesis: Bloomberg
Alameda Research, the trading firm closely related to embattled exchange FTX, invested $1.15 billion into crypto miner Genesis Digital Assets.
This was Alameda's and FTX's biggest venture investment and valued the company at $5.5 billion in an April funding round, according to documents obtained by Bloomberg that listed FTX and Alameda's venture portfolio.
Alameda made four separate capital injections into the crypto miner. Last August, it invested about $100 million in the miner. It invested $550 million in January, followed by $250 million in February and $250 million in April.
The crypto miner has no relation to Genesis Trading, whose lending unit suspended redemptions in the wake of FTX's collapse.
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Alameda Research, the trading firm closely related to embattled exchange FTX, invested $1.15 billion into crypto miner Genesis Digital Assets.
This was Alameda's and FTX's biggest venture investment and valued the company at $5.5 billion in an April funding round, according to documents obtained by Bloomberg that listed FTX and Alameda's venture portfolio.
Alameda made four separate capital injections into the crypto miner. Last August, it invested about $100 million in the miner. It invested $550 million in January, followed by $250 million in February and $250 million in April.
The crypto miner has no relation to Genesis Trading, whose lending unit suspended redemptions in the wake of FTX's collapse.
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🙈Sam Bankman-Fried says he will testify before Congress
Sam Bankman-Fried says he is willing to testify before Congress about the failure of his FTX cryptocurrency exchange but that he might not be ready by Dec. 13, when House Democrats will hold a hearing.
“Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain,” Mr. Bankman-Fried tweeted Sunday. “I’m not sure that will happen by the 13th. But when it does, I will testify.”
As Congress waits for his testimony, Mr. Bankman-Fried has launched an apology tour in the media.
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Sam Bankman-Fried says he is willing to testify before Congress about the failure of his FTX cryptocurrency exchange but that he might not be ready by Dec. 13, when House Democrats will hold a hearing.
“Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain,” Mr. Bankman-Fried tweeted Sunday. “I’m not sure that will happen by the 13th. But when it does, I will testify.”
As Congress waits for his testimony, Mr. Bankman-Fried has launched an apology tour in the media.
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👀📢Serum DEX (SRM) did not survive FTX collapse.
Serum, one of the first DEXes on the Solana blockchain, collapsed following the catastrophe of the FTX exchange and Alameda Research VC firm.
FTX founder Sam Bankman-Fried had aggressively promoted Serum (SRM), Raydium (RAY) and some other Solana assets.
Developers proposed the release of a community-driven fork, but its status also needs to be clarified.
At press time, Serum DEX Token (SRM) is changing hands at $0.24, being 98.9% down from ATH.
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Serum, one of the first DEXes on the Solana blockchain, collapsed following the catastrophe of the FTX exchange and Alameda Research VC firm.
FTX founder Sam Bankman-Fried had aggressively promoted Serum (SRM), Raydium (RAY) and some other Solana assets.
Developers proposed the release of a community-driven fork, but its status also needs to be clarified.
At press time, Serum DEX Token (SRM) is changing hands at $0.24, being 98.9% down from ATH.
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🌎GWI survey: % percentage of the population (16-64 years old) by country who own crypto
world average = 12.3%
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world average = 12.3%
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🚶👀 Hundreds of billions of SHIB are on the move
A total of 918 billion SHIB has been moved by owners of a few anonymous wallets.
More than half of this amount – 431,492,559,912 SHIB worth $4,047,400 – was transferred by Binance, between its wallets.
Another 66b SHIB from the 918b was sent to Binance to be sold. Then, 312b and 107b SHIB were transferred between mysterious wallets.
This transfer was most likely conducted as part of the proof-of-reserves audit that Binance initiated recently, calling on all other centralized exchanges to do likewise.
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A total of 918 billion SHIB has been moved by owners of a few anonymous wallets.
More than half of this amount – 431,492,559,912 SHIB worth $4,047,400 – was transferred by Binance, between its wallets.
Another 66b SHIB from the 918b was sent to Binance to be sold. Then, 312b and 107b SHIB were transferred between mysterious wallets.
This transfer was most likely conducted as part of the proof-of-reserves audit that Binance initiated recently, calling on all other centralized exchanges to do likewise.
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👀200,000 BTC, More Than 1,000,000 ETH Left CEXes
According to on-chain data, around 200,000 BTC worth $3.4 billion and more than 1 million ETH left various centralized cryptocurrency trading platforms, which makes it the biggest migration of funds from CEXes since 2021.
The decreasing amount of assets on exchanges quite often correlates with a descending trend in open interest and overall selling pressure on the market. Once traders move their funds away from the open market, they tend to hold them longer in comparison to those investors who store their funds on exchanges' wallets.
If the trend prevails, the selling pressure we witnessed back in November will descend, along with the volatility. The outflow of funds from exchanges usually heralds an accumulation stage, which comes right before the overall recovery of the market.
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According to on-chain data, around 200,000 BTC worth $3.4 billion and more than 1 million ETH left various centralized cryptocurrency trading platforms, which makes it the biggest migration of funds from CEXes since 2021.
The decreasing amount of assets on exchanges quite often correlates with a descending trend in open interest and overall selling pressure on the market. Once traders move their funds away from the open market, they tend to hold them longer in comparison to those investors who store their funds on exchanges' wallets.
If the trend prevails, the selling pressure we witnessed back in November will descend, along with the volatility. The outflow of funds from exchanges usually heralds an accumulation stage, which comes right before the overall recovery of the market.
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📱📲4.1 Billion XRP Moved from Bittrex Within Hour, Here’s What May Be Happening.
Approximately 4.1 billion XRP, evaluated at roughly $1.5 billion, was sent out in ten different transactions from Bittrex to unknown wallets.
According to Bithomp, an XRP-focused wallet tracking platform, the receiving addresses were set up by Upbit, a major South Korean crypto exchange.
Considering the amount, it was probably made by a financial institution, unless Bittrex was operating as an XRP custodian for Upbit, and now withdrawing them to their wallets.
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Approximately 4.1 billion XRP, evaluated at roughly $1.5 billion, was sent out in ten different transactions from Bittrex to unknown wallets.
According to Bithomp, an XRP-focused wallet tracking platform, the receiving addresses were set up by Upbit, a major South Korean crypto exchange.
Considering the amount, it was probably made by a financial institution, unless Bittrex was operating as an XRP custodian for Upbit, and now withdrawing them to their wallets.
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🤷📉FTX Collapse: Not Sure Creditors Get Their Money Back, Says Moody’s.
Moody’s, a rating agency, said; the implosion of the FTX will have “long-lasting effects on the crypto industry.”
SBF filed for bankruptcy on Nov. 11. Regulators have asked how a company valued at $32b in Feb. could declare bankruptcy in Nov.
Though John Ray, FTX’s new CEO in charge of restructuring said that all options are on the table, Moody’s said that it is ‘uncertain’ whether creditors will get their money back.
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Moody’s, a rating agency, said; the implosion of the FTX will have “long-lasting effects on the crypto industry.”
SBF filed for bankruptcy on Nov. 11. Regulators have asked how a company valued at $32b in Feb. could declare bankruptcy in Nov.
Though John Ray, FTX’s new CEO in charge of restructuring said that all options are on the table, Moody’s said that it is ‘uncertain’ whether creditors will get their money back.
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🔔🕶 Cardano (ADA) and Other Cryptocurrencies are Now Available on BitMEX Exchange
The BitMEX exchange has announced that it now supports Cardano (ADA), Polkadot (DOT), and Tezos (XTZ).
Users will be able to deposit and withdraw the said cryptocurrencies via their BitMEX wallet.
Including the newly added ones, it is now possible to convert USD Coin (USDC) and Tether (USDT) into roughly 30 cryptocurrencies.
After emerged during the 2018 bear market, BitMEX introduced its fiat on-ramp service in November 2021.
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The BitMEX exchange has announced that it now supports Cardano (ADA), Polkadot (DOT), and Tezos (XTZ).
Users will be able to deposit and withdraw the said cryptocurrencies via their BitMEX wallet.
Including the newly added ones, it is now possible to convert USD Coin (USDC) and Tether (USDT) into roughly 30 cryptocurrencies.
After emerged during the 2018 bear market, BitMEX introduced its fiat on-ramp service in November 2021.
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We are expanding the broadcast format for our subscribers.
Today's topic will be the possibilities of earning money in P2E without investing any funds.
IguVerse is a new Socialize to Earn game, a hybrid of Move2Earn and Play2Earn. Earnings in the game come from social tasks and mini-games.
🚀 The listing of the $IGUP in-game token is scheduled for today (13:00 UTC) and will take place on two decentralized exchanges: Biswap and PancakeSwap. After that, the in-game exchange based on Biswap (IGUP-BNB) will also be open. We will follow the listing to assess the project perspectives. IDO of the governance token ($IGU) is planned on DAOMaker.
🚀 Activity for today: get the free NFT pet and earn $IGUP tokens.
1. Download the application
2. Register an account
3. Create a wallet (be sure to write down the seed phrase) and generate a free NFT
4. To get additional bonuses, specify a referral link (S1B48V8L), then invite friends.
4. Play and earn. Upgrade your pet to get more rewards in $IGUP.
P.S. Do not forget to feed your pet on time, otherwise it may die.
#P2E #LowBank
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Today's topic will be the possibilities of earning money in P2E without investing any funds.
IguVerse is a new Socialize to Earn game, a hybrid of Move2Earn and Play2Earn. Earnings in the game come from social tasks and mini-games.
🚀 The listing of the $IGUP in-game token is scheduled for today (13:00 UTC) and will take place on two decentralized exchanges: Biswap and PancakeSwap. After that, the in-game exchange based on Biswap (IGUP-BNB) will also be open. We will follow the listing to assess the project perspectives. IDO of the governance token ($IGU) is planned on DAOMaker.
🚀 Activity for today: get the free NFT pet and earn $IGUP tokens.
1. Download the application
2. Register an account
3. Create a wallet (be sure to write down the seed phrase) and generate a free NFT
4. To get additional bonuses, specify a referral link (S1B48V8L), then invite friends.
4. Play and earn. Upgrade your pet to get more rewards in $IGUP.
P.S. Do not forget to feed your pet on time, otherwise it may die.
#P2E #LowBank
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Iguverse
IguVerse connects real social media users and advertisers. We're building a decentralized ad platform that will facilitate native…
IguVerse is building an AI-powered NFT marketplace and a gamified decentralized ad platform that connects content creators and advertisers to facilitate native & reliable advertising.
👍1
📉 Glassnode: Over the past 365 days, Bitcoin investors have recorded a Realized Loss of $213 billion.
This compares to the $455 billion in annualized profit realized in 2020-21.
This reflects a relative capital loss of ~47% on bull market gains similar in scope to the 2018 cycle. (v_crypto)
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This compares to the $455 billion in annualized profit realized in 2020-21.
This reflects a relative capital loss of ~47% on bull market gains similar in scope to the 2018 cycle. (v_crypto)
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💡Bankman-Fried could have supposedly played a role in the crash of UST and LUNA.
The former CEO of the bankrupt FTX – Sam Bankman-Fried – might be involved in Terra’s crash.
Federal prosecutors have started investigating whether he manipulated trades that led to the collapse of UST and LUNA.
Though the investigation is still in its early days, insiders said he might have machinated the market to benefit FTX and Alameda Research.
Do Kwon also wrote on his Twitter account; “what’s done in darkness will come to light”.
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The former CEO of the bankrupt FTX – Sam Bankman-Fried – might be involved in Terra’s crash.
Federal prosecutors have started investigating whether he manipulated trades that led to the collapse of UST and LUNA.
Though the investigation is still in its early days, insiders said he might have machinated the market to benefit FTX and Alameda Research.
Do Kwon also wrote on his Twitter account; “what’s done in darkness will come to light”.
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