🇨🇫 Central African Republic launches national cryptocurrency called «Sango Coin»
The country plans to use Sango Coin to create a crypto-based economy driven by private investment. This digital economic hub also includes the creation of a crypto island on the Oubangui River.
Hervé Ndoba, the country’s finance minister, also appeared at the event and stated that the national crypto is backed by bitcoin. It is, however, unclear the exact nature of the bitcoin-backing for Sango Coin.
@DeCenterOrg
The country plans to use Sango Coin to create a crypto-based economy driven by private investment. This digital economic hub also includes the creation of a crypto island on the Oubangui River.
Hervé Ndoba, the country’s finance minister, also appeared at the event and stated that the national crypto is backed by bitcoin. It is, however, unclear the exact nature of the bitcoin-backing for Sango Coin.
@DeCenterOrg
🦠 PennyWise crypto-stealing malware spreads through YouTube
A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions.
The cybersecurity company noted that the malware is being spread on YouTube mining education videos purporting to be free Bitcoin mining software.
The cybercriminals, or Threat Actors upload videos instructing viewers to visit the link in the denoscription and download the free software, whilst also encouraging them also to disable their antivirus software which enables the malware to run successfully.
The attacker had as many as 80 videos on their YouTube channel as of June 30 however, the channel identified has since been removed.
@DeCenterOrg
A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions.
The cybersecurity company noted that the malware is being spread on YouTube mining education videos purporting to be free Bitcoin mining software.
The cybercriminals, or Threat Actors upload videos instructing viewers to visit the link in the denoscription and download the free software, whilst also encouraging them also to disable their antivirus software which enables the malware to run successfully.
The attacker had as many as 80 videos on their YouTube channel as of June 30 however, the channel identified has since been removed.
@DeCenterOrg
💡 Voyager Digital files for Chapter 11 bankruptcy
Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.
Voyager's Chapter 11 bankruptcy filing indicated that it is on the hook for anywhere from $1 billion to $10 billion in assets to more than 100 000 creditors.
In a Wednesday statement, Voyager explained that the move is part of a Plan of Reorganization. When implemented, the plan would enable clients to reaccess their accounts again, and Voyager would “return value to customers.”
Voyager CEO Stephen Ehrlich stated in a July 6 tweet that under its proposed plan, customers with crypto in their account will receive a combination of crypto, proceeds from the Three Arrows Capital (3AC) recovery, common shares in the newly reorganized company, and Voyager tokens.
@DeCenterOrg
Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.
Voyager's Chapter 11 bankruptcy filing indicated that it is on the hook for anywhere from $1 billion to $10 billion in assets to more than 100 000 creditors.
In a Wednesday statement, Voyager explained that the move is part of a Plan of Reorganization. When implemented, the plan would enable clients to reaccess their accounts again, and Voyager would “return value to customers.”
Voyager CEO Stephen Ehrlich stated in a July 6 tweet that under its proposed plan, customers with crypto in their account will receive a combination of crypto, proceeds from the Three Arrows Capital (3AC) recovery, common shares in the newly reorganized company, and Voyager tokens.
@DeCenterOrg
🐶 Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin.
@DeCenterOrg
@DeCenterOrg
💹People can earn and play wherever and whenever they want with Uniplay.
UniPlay was born out of social casinos. It's a blockchain platform that combines Play to Earn, NFTs, and Metaverse to create a whole new way to play iGaming. Its social casinos offer players a unique way to earn money while having fun.
🔥Join UniPlay IDO on P2PB2B and help make gaming accessible to everyone: p2pb2b.com/ido/9/🔥
🌐More info: uniplaycoin.io/
🌐Twitter: twitter.com/UniPlayToken
UniPlay was born out of social casinos. It's a blockchain platform that combines Play to Earn, NFTs, and Metaverse to create a whole new way to play iGaming. Its social casinos offer players a unique way to earn money while having fun.
🔥Join UniPlay IDO on P2PB2B and help make gaming accessible to everyone: p2pb2b.com/ido/9/🔥
🌐More info: uniplaycoin.io/
🌐Twitter: twitter.com/UniPlayToken
💸 Aave to launch overcollateralized stablecoin called GHO
Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval.
According to the governance proposal shared on Thursday, GHO would be an Ethereum-based and decentralized stablecoin pegged to the U.S. dollar (USD) that could be collateralized with multiple assets of the user’s choice.
To obtain GHO, users would need to mint the stablecoin against their deposited collateral however, the list of supported collateralized assets and the collateral ratio has yet to be detailed.
As users are essentially borrowing the stablecoin against their holdings, the position will need to be overcollateralized as per any normal Aave loan.
@DeCenterOrg
Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval.
According to the governance proposal shared on Thursday, GHO would be an Ethereum-based and decentralized stablecoin pegged to the U.S. dollar (USD) that could be collateralized with multiple assets of the user’s choice.
To obtain GHO, users would need to mint the stablecoin against their deposited collateral however, the list of supported collateralized assets and the collateral ratio has yet to be detailed.
As users are essentially borrowing the stablecoin against their holdings, the position will need to be overcollateralized as per any normal Aave loan.
@DeCenterOrg
🇺🇸 US residents have parted with over $1b due to crypto scams between January 2021 and March 2022 as romance frauds accounted for $185m.
@DeCenterOrg
@DeCenterOrg
🇪🇸 Spanish Exchange 2gether Blocks Operations, affecting 100 000 Users — the company has closed its platform and has informed customers that, to keep their accounts active, each one of them will have to provide the equivalent of €20 ($20.35) to be collected by the exchange to continue operating.
@DeCenterOrg
@DeCenterOrg
⚒ Crypto miners in Texas shut down operations as state experiences extreme heat wave.
Mining firms operating in Texas during the winter months have faced similar challenges since 2021, when freezing temperatures nearly caused the entire grid to shut down — instead, many parts of the state were without power for days.
@DeCenterOrg
Mining firms operating in Texas during the winter months have faced similar challenges since 2021, when freezing temperatures nearly caused the entire grid to shut down — instead, many parts of the state were without power for days.
@DeCenterOrg
🇨🇭 Swiss post office embraces Bitcoin — «given the growing institutionalisation of cryptocurrencies in the last 18 months, this is the ideal time to enter the market».
@DeCenterOrg
@DeCenterOrg
🇨🇳 China's biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan.
A new document sets the mission of «promoting the deep integration of digital technology and the real economy,» with «scientists judging technology prospects» and «entrepreneurs discovering market demand».
@DeCenterOrg
A new document sets the mission of «promoting the deep integration of digital technology and the real economy,» with «scientists judging technology prospects» and «entrepreneurs discovering market demand».
@DeCenterOrg
🔥 As per the BNB Auto-Burn procedure, the 20th quarterly BNB token burn of 1 959 595 BNB ($445 mln) has been completed.
@DeCenterOrg
@DeCenterOrg
⛔️ OpenSea Lays Off 20% of Its Staff to Prepare for «Prolonged Downturn»
CEO Devin Finzer shared via Twitter that the company is parting ways with approximately 20% of its workforce, citing the company’s need to adapt to current market conditions.
Terminated employees will receive 12 weeks of severance pay, six months of healthcare coverage and a mental healthcare option, accelerated equity vesting if applicable, outplacement services, and other benefits.
OpenSea’s layoffs come just two weeks after the marketplace had its worst month in almost a year. Ethereum NFT trading volume on the marketplace plummeted by 73% in June. According to data from Dune Analytics, OpenSea had consistently generated well over $1 billion in volume on its platform per month since August 2021, averaging around $2.5 billion each month.
@DeCenterOrg
CEO Devin Finzer shared via Twitter that the company is parting ways with approximately 20% of its workforce, citing the company’s need to adapt to current market conditions.
Terminated employees will receive 12 weeks of severance pay, six months of healthcare coverage and a mental healthcare option, accelerated equity vesting if applicable, outplacement services, and other benefits.
OpenSea’s layoffs come just two weeks after the marketplace had its worst month in almost a year. Ethereum NFT trading volume on the marketplace plummeted by 73% in June. According to data from Dune Analytics, OpenSea had consistently generated well over $1 billion in volume on its platform per month since August 2021, averaging around $2.5 billion each month.
@DeCenterOrg
🇨🇫 Central African Republic set to launch Sango Bitcoin sidechain
The Sango Layer 2 will reportedly have a built-in bitcoin interoperability via a two-way peg mechanism. In this arrangement, a set of validators called the Institutional Quorum will have custody of CAR’s bitcoin treasury.
Users who deposit BTC into the Sango sidechain will mint Sango bitcoin (s-BTC), a wrapped version of bitcoin. Users can trade s-BTC for SANGO, which is the currency used for transactions in the country’s crypto platform.
@DeCenterOrg
The Sango Layer 2 will reportedly have a built-in bitcoin interoperability via a two-way peg mechanism. In this arrangement, a set of validators called the Institutional Quorum will have custody of CAR’s bitcoin treasury.
Users who deposit BTC into the Sango sidechain will mint Sango bitcoin (s-BTC), a wrapped version of bitcoin. Users can trade s-BTC for SANGO, which is the currency used for transactions in the country’s crypto platform.
@DeCenterOrg
🇦🇪 Crown Prince of Dubai says blockchain and metaverse companies contribute $500 million towards the country's economy.
@DeCenterOrg
@DeCenterOrg
🧬 Bitcoin Network has transferred $17.78T in 2022 already.
Smashing the record from 2021.
@DeCenterOrg
Smashing the record from 2021.
@DeCenterOrg
⛔️ Thai cryptocurrency exchange Zipmex has paused withdrawals on its platform following a «combination of circumstances» beyond its control.
@DeCenterOrg
@DeCenterOrg
🐳 The market for Ethereum derivatives saw someone buying $1.7 billion worth of futures contracts in an hour.
@DeCenterOrg
@DeCenterOrg
🇪🇺 European Banking Giant BNP Paribas to introduce Crypto Custody Services — to launch the offering, BNP Paribas teamed up with Metaco and Fireblocks.
@DeCenterOrg
@DeCenterOrg