Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. The executive power in Moscow favors regulation over the prohibition of cryptocurrencies and related activities.
The Russian government, which is hosting the ongoing debate on the future of decentralized digital money in Russia, is going to produce alternative scenarios for crypto regulation by Feb. 11. The Russian business daily Kommersant broke the news, quoting documents from a meeting held at the White House in Moscow last week.
The fate of cryptocurrencies in the country is likely to be decided by the outcome of a clash between two opposing views. While the Central Bank of Russia proposes a blanket ban on crypto-related activities such as issuance, exchange, and mining, the Ministry of Finance pushes for legalization under strict rules and without recognizing bitcoin as a means of payment.
Most government institutions, including relevant ministries, have supported the approach suggested by the treasury department. If it is adopted, Russians owning digital coins will be able to operate with them as with investment assets under the watchful eye of the government, make transactions through Russian banks and pay taxes.
Bank of Russia elaborated its position on cryptocurrencies in a consultation paper published last month. It says that all transactions with private digital currencies should be conducted outside Russian jurisdiction and without using Russia’s financial infrastructure. On the other hand, the Finance Ministry insists that authorities should differentiate between “white” and “black” crypto market activities. Both agree, however, that cryptocurrencies should not be granted legal tender status.
Last week, RBC reported that the government has drafted a regulatory roadmap, signed by Deputy Prime Minister Dmitry Chernyshenko. According to Kommersant, its concept about the regulation of the crypto market has been outlined in a letter by Finance Minister Anton Siluanov to Prime Minister Mikhail Mishustin. It has been agreed with other departments and regulatory bodies, including the ministries of economy and digital development, Russia’s financial watchdog, Rosfinmonitoring, the Federal Tax Service and the Federal Security Service.
According to Siluanov, Russian citizens have 12 million crypto wallets with coins worth around 2 trillion rubles (almost $26.5 billion). However, knowledgeable sources quoted by Bloomberg have recently revealed that the government is also working with a much higher estimate, according to which Russians own $215 billion in cryptocurrency.
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. The executive power in Moscow favors regulation over the prohibition of cryptocurrencies and related activities.
The Russian government, which is hosting the ongoing debate on the future of decentralized digital money in Russia, is going to produce alternative scenarios for crypto regulation by Feb. 11. The Russian business daily Kommersant broke the news, quoting documents from a meeting held at the White House in Moscow last week.
The fate of cryptocurrencies in the country is likely to be decided by the outcome of a clash between two opposing views. While the Central Bank of Russia proposes a blanket ban on crypto-related activities such as issuance, exchange, and mining, the Ministry of Finance pushes for legalization under strict rules and without recognizing bitcoin as a means of payment.
Most government institutions, including relevant ministries, have supported the approach suggested by the treasury department. If it is adopted, Russians owning digital coins will be able to operate with them as with investment assets under the watchful eye of the government, make transactions through Russian banks and pay taxes.
Bank of Russia elaborated its position on cryptocurrencies in a consultation paper published last month. It says that all transactions with private digital currencies should be conducted outside Russian jurisdiction and without using Russia’s financial infrastructure. On the other hand, the Finance Ministry insists that authorities should differentiate between “white” and “black” crypto market activities. Both agree, however, that cryptocurrencies should not be granted legal tender status.
Last week, RBC reported that the government has drafted a regulatory roadmap, signed by Deputy Prime Minister Dmitry Chernyshenko. According to Kommersant, its concept about the regulation of the crypto market has been outlined in a letter by Finance Minister Anton Siluanov to Prime Minister Mikhail Mishustin. It has been agreed with other departments and regulatory bodies, including the ministries of economy and digital development, Russia’s financial watchdog, Rosfinmonitoring, the Federal Tax Service and the Federal Security Service.
According to Siluanov, Russian citizens have 12 million crypto wallets with coins worth around 2 trillion rubles (almost $26.5 billion). However, knowledgeable sources quoted by Bloomberg have recently revealed that the government is also working with a much higher estimate, according to which Russians own $215 billion in cryptocurrency.
Smart Beast is going viral on twitter and already considered as one of the biggest project of 2022 but the marketing has not even started.
The quality of the artwork backed by a genius duo of artists put the project as one of the fastest growing 3D project of the moment. You’ll probably recognize their art in your everyday life (TV and Video Games).
Smart Beast offers disruptive ways to apprehend NFTs as something even bigger than art. Holders will become shareholders of blooming blockchain-based projects.
Make sure to join their Discord today: https://discord.gg/smartbeast
The quality of the artwork backed by a genius duo of artists put the project as one of the fastest growing 3D project of the moment. You’ll probably recognize their art in your everyday life (TV and Video Games).
Smart Beast offers disruptive ways to apprehend NFTs as something even bigger than art. Holders will become shareholders of blooming blockchain-based projects.
Make sure to join their Discord today: https://discord.gg/smartbeast
How Web 3.0 Will Change The Way Traditional Financial Systems Operate
We are at the cusp of another internet revolution. Web 3.0 momentum has gained significant traction and is inching closer to reality with each passing day. Industry experts claim that Web3 will transform the internet as we know it.
But what exactly is Web 3.0? And how will it disrupt existing processes?
To understand that, we need to review the fundamentals of the worldwide web first. Think of it this way: the early days of the internet were called Web 1.0. This was the first iteration of the world wide web - a period where most users were simply content consumers. Web1 shaped itself as a massive content delivery network.
Then came Web 2.0, bringing in a paradigm shift in how digitized information is created, stored, distributed, and manipulated. The larger part of Web 2.0 is represented by user-generated content, increased interoperability, and usability for end users. Web 2.0 led to the rise of social media platforms, search engine giants, and other similar platforms.
Besides setting the foundation for an interactive and collaborative internet, Web 2.0 also paved the path for a massive change in our banking habits. The world gradually pivoted towards online banking, eCommerce, and other internet-powered options, delivering both convenience and flexibility for users.
Web 3.0 takes this a step further. Unlike the current version of the internet, where centralized authorities have taken over almost everything, Web3 aims to restore control to consumers. By design, Web3 will allow people to interact using open, permissionless, and trustless networks without the need for any intermediaries or third parties.
In this context, cryptocurrencies and blockchain technology are the key drivers of Web 3.0. Since Web 3.0 is decentralized and leverages the power of blockchain, the evolving DeFi (decentralized finance) ecosystem will play a much bigger role than what it is doing today.
The worlds of CeFi (centralized finance) and DeFi will merge eventually. Multiple blockchain-based projects are actively working towards bridging the gap between CeFi and DeFi ecosystems, thus creating a novel ecosystem that is more inclusive, fair, and transparent.
The new approach ensures that the data and power of the internet will not be controlled by just large companies but by communities, bringing about community-centered economies of scale. The decentralized world of Web 3.0 is based on participation open to everybody, and the more participants, the more benefits everyone receives.
There are several promising use cases of DeFi and projects lined up for Web 3.0. Centrifuge is one such project that aims to bring the massive liquidity of real-world assets to Web3. Built on a two-layer approach, Centrifuge connects lenders and borrowers through its fully decentralized platform, free from intermediaries and the constraints of TradFi.
By unlocking the value of real-world assets (RWA) and bringing it to DeFi, Centrifuge bridges the gap between TradFi and Web 3.0. The platform enables users to tokenize their real-world assets like invoices, royalty, and real estate and use them as collateral to access funding. As a result, Centrifuge has been able to bring down the cost of capital for small and medium-sized enterprises (SMEs) and offer DeFi investors a stable source of yield that has no connection with the volatility of cryptocurrencies.
The platform leverages the best attributes of Web 3.0 and DeFi to facilitate tokenization, securitization, and underwriting of a diverse range of real-world assets to unlock financial opportunities for both borrowers and lenders. It overcomes the limitations of TradFi while serving as the gateway for all off-chain real-world assets to enter the Web 3.0 ecosystem.
The DeFi ecosystem, due to its very nature, has ongoing liquidity problems. But with the multi-trillion-dollar real-world assets market linked to Web 3.0, the DeFi ecosystem will eventually expand its footprint even further.
We are at the cusp of another internet revolution. Web 3.0 momentum has gained significant traction and is inching closer to reality with each passing day. Industry experts claim that Web3 will transform the internet as we know it.
But what exactly is Web 3.0? And how will it disrupt existing processes?
To understand that, we need to review the fundamentals of the worldwide web first. Think of it this way: the early days of the internet were called Web 1.0. This was the first iteration of the world wide web - a period where most users were simply content consumers. Web1 shaped itself as a massive content delivery network.
Then came Web 2.0, bringing in a paradigm shift in how digitized information is created, stored, distributed, and manipulated. The larger part of Web 2.0 is represented by user-generated content, increased interoperability, and usability for end users. Web 2.0 led to the rise of social media platforms, search engine giants, and other similar platforms.
Besides setting the foundation for an interactive and collaborative internet, Web 2.0 also paved the path for a massive change in our banking habits. The world gradually pivoted towards online banking, eCommerce, and other internet-powered options, delivering both convenience and flexibility for users.
Web 3.0 takes this a step further. Unlike the current version of the internet, where centralized authorities have taken over almost everything, Web3 aims to restore control to consumers. By design, Web3 will allow people to interact using open, permissionless, and trustless networks without the need for any intermediaries or third parties.
In this context, cryptocurrencies and blockchain technology are the key drivers of Web 3.0. Since Web 3.0 is decentralized and leverages the power of blockchain, the evolving DeFi (decentralized finance) ecosystem will play a much bigger role than what it is doing today.
The worlds of CeFi (centralized finance) and DeFi will merge eventually. Multiple blockchain-based projects are actively working towards bridging the gap between CeFi and DeFi ecosystems, thus creating a novel ecosystem that is more inclusive, fair, and transparent.
The new approach ensures that the data and power of the internet will not be controlled by just large companies but by communities, bringing about community-centered economies of scale. The decentralized world of Web 3.0 is based on participation open to everybody, and the more participants, the more benefits everyone receives.
There are several promising use cases of DeFi and projects lined up for Web 3.0. Centrifuge is one such project that aims to bring the massive liquidity of real-world assets to Web3. Built on a two-layer approach, Centrifuge connects lenders and borrowers through its fully decentralized platform, free from intermediaries and the constraints of TradFi.
By unlocking the value of real-world assets (RWA) and bringing it to DeFi, Centrifuge bridges the gap between TradFi and Web 3.0. The platform enables users to tokenize their real-world assets like invoices, royalty, and real estate and use them as collateral to access funding. As a result, Centrifuge has been able to bring down the cost of capital for small and medium-sized enterprises (SMEs) and offer DeFi investors a stable source of yield that has no connection with the volatility of cryptocurrencies.
The platform leverages the best attributes of Web 3.0 and DeFi to facilitate tokenization, securitization, and underwriting of a diverse range of real-world assets to unlock financial opportunities for both borrowers and lenders. It overcomes the limitations of TradFi while serving as the gateway for all off-chain real-world assets to enter the Web 3.0 ecosystem.
The DeFi ecosystem, due to its very nature, has ongoing liquidity problems. But with the multi-trillion-dollar real-world assets market linked to Web 3.0, the DeFi ecosystem will eventually expand its footprint even further.
⚡️ENORMOUS NEW YEAR FORTUNE WITH DEFIHORSE LATEST EVENTS!
🔥Celebrating the Year of the Tiger, you are invited to join two DeFiHorse's most recent events: “Nod Your Head To The New Year Ahead" and DeFiHorse x CMC Airdrop.
🔥With the two NFTs being featured on DeFiHorse's first airdrop, you can significantly improve your chance of winning and take one step closer to the $1,000,000 prize pool of the World Championship. Not only that, DeFiHorse is giving away free DFH Token - the explosive token of 2022 that is predicted to multiply by 100 - 200 times.
Become a part of the two fascinating events today and grab this once-in-a-lifetime chance!
🎁 Nob Your Head
👉 Coinmarketcap Airdrop
🔥Celebrating the Year of the Tiger, you are invited to join two DeFiHorse's most recent events: “Nod Your Head To The New Year Ahead" and DeFiHorse x CMC Airdrop.
🔥With the two NFTs being featured on DeFiHorse's first airdrop, you can significantly improve your chance of winning and take one step closer to the $1,000,000 prize pool of the World Championship. Not only that, DeFiHorse is giving away free DFH Token - the explosive token of 2022 that is predicted to multiply by 100 - 200 times.
Become a part of the two fascinating events today and grab this once-in-a-lifetime chance!
🎁 Nob Your Head
👉 Coinmarketcap Airdrop
🔔Get limited time offer🔔
Buy LOOKS / RAY with 50% off on AAX!
Sign up for the discount now👉🏼https://bit.ly/3FSyVrs
Buy LOOKS / RAY with 50% off on AAX!
Sign up for the discount now👉🏼https://bit.ly/3FSyVrs
Ripple Partners With Digital Euro Association To Accelerate Research On CBDCs
Ripple Inc., an enterprise blockchain and crypto firm focused on cross-border payment technologies, has partnered with the Digital Euro Association, a a think tank specializing in central bank digital currencies.
The partnership will see Ripple working alongside Digital Euro Association to collaborate on accelerating development and research for the creation of a European central bank digital currency (CBDC). The partnership, however, may not be entirely in congruence with recent statements from the European Commission that it is aiming to build a CBDC framework with a target date set for 2023.
"We are thrilled that, due to the partnership with Ripple, we can extend the technological expertise of the DEA community. As more and more CBDC projects worldwide reach advanced stages, technological design of a CBDC will play a key role for policy-makers in the near future, while previous years focused primarily on research," shares Jonas Gross, Chairman of the Digital Euro Association.
Ripple has been involved in several CBDC initiatives across the world, with the U.K., Bhutan, and the Republic of Palau also forming technical partnerships with the firm. Ripple will be taking on the role of a "supporting partner" the the Digital Euro Association, sharing technical expertise on blockchain-based implementations for central bank digital currencies. In October last year, Ripple joined the Digital Pound Foundation through an advisory role on its board, in a bid to help develop a U.K. CBDC.
According to a press release published by the Digital Euro Association, the partnership with Ripple will cover "joint educational efforts around digital currencies and knowledge exchange." Ripple says that it has been investing significant efforts to the growing number of CBDCs globally, disclosing that it currently has 40 developers and researchers working on CBDCs across its portfolio of partnerships.
The partnership is not directly linked to the European government's own efforts at creating a digital Euro, given that it is a research-based and theoretical initiative. However, with Ripple as as a partner and the Digital Euro Association working as a think tank, policy and regulation for a European CBDC will likely be influenced if indeed a digital Euro comes to fruition.
Ripple Inc., an enterprise blockchain and crypto firm focused on cross-border payment technologies, has partnered with the Digital Euro Association, a a think tank specializing in central bank digital currencies.
The partnership will see Ripple working alongside Digital Euro Association to collaborate on accelerating development and research for the creation of a European central bank digital currency (CBDC). The partnership, however, may not be entirely in congruence with recent statements from the European Commission that it is aiming to build a CBDC framework with a target date set for 2023.
"We are thrilled that, due to the partnership with Ripple, we can extend the technological expertise of the DEA community. As more and more CBDC projects worldwide reach advanced stages, technological design of a CBDC will play a key role for policy-makers in the near future, while previous years focused primarily on research," shares Jonas Gross, Chairman of the Digital Euro Association.
Ripple has been involved in several CBDC initiatives across the world, with the U.K., Bhutan, and the Republic of Palau also forming technical partnerships with the firm. Ripple will be taking on the role of a "supporting partner" the the Digital Euro Association, sharing technical expertise on blockchain-based implementations for central bank digital currencies. In October last year, Ripple joined the Digital Pound Foundation through an advisory role on its board, in a bid to help develop a U.K. CBDC.
According to a press release published by the Digital Euro Association, the partnership with Ripple will cover "joint educational efforts around digital currencies and knowledge exchange." Ripple says that it has been investing significant efforts to the growing number of CBDCs globally, disclosing that it currently has 40 developers and researchers working on CBDCs across its portfolio of partnerships.
The partnership is not directly linked to the European government's own efforts at creating a digital Euro, given that it is a research-based and theoretical initiative. However, with Ripple as as a partner and the Digital Euro Association working as a think tank, policy and regulation for a European CBDC will likely be influenced if indeed a digital Euro comes to fruition.
This media is not supported in your browser
VIEW IN TELEGRAM
⚡️Limited offers on AAX Exchange⚡️
✅ 50 USDT New User Rewards
✅ 110 USDT Futures Trading Bonus
✅ 20 USDT bonus for EACH referral
✅ 60% APY Savings on BTC、ETH、USDT 及 USDC
✅ AAX DeFi Staking with super APY up to 80%
Sign Up Now 👉https://bit.ly/3FSyVrs
✅ 50 USDT New User Rewards
✅ 110 USDT Futures Trading Bonus
✅ 20 USDT bonus for EACH referral
✅ 60% APY Savings on BTC、ETH、USDT 及 USDC
✅ AAX DeFi Staking with super APY up to 80%
Sign Up Now 👉https://bit.ly/3FSyVrs
Cere Network and Polygon Launch ‘NFT Content Monetization’ Platform Davinci
On February 14, Cere Network and Polygon launched a non-fungible token (NFT) marketplace and Web3 platform called Davinci, a project that aims to bolster the security behind NFT data. The platform is described as an “all-in-one Web3 media platform” that leverages Cere’s decentralized data cloud (DDC) platform and the proof-of-stake blockchain network Polygon.
Non-fungible token (NFT) media has become a big deal and a billion-dollar industry during the last year. However, the space has become filled with controversies as well with issues pertaining to intellectual property and copyrights to things like immutability.
In March 2021, there was a furious debate over immutability concerns tied to NFT technology. Fred Jin, the co-founder of Cere Network believes that NFT content that’s not stored properly is an issue.
“Most NFT content is not stored securely on the blockchain,” Jin said in a statement during the Davinci launch. “This is a problem, simply because your NFT can lose its content and associated value. The Davinci platform solves this problem via Cere DDC’s secure decentralized content delivery innovations.” The Cere Network executive added:
We’re really breaking new ground here, both for the entertainment industry and consumer enterprises, through a new standard for decentralizing data/content along with the Polygon team.
“Uniquely, each NFT created on Davinci’s platform will remain linked to the original creator through the use of smart contracts that guarantee a share of the royalties from any sale and establish a way for the continuous delivery of exclusive new content,” the Cere Network team’s announcement notes.
Sandeep Nailwal, the co-founder of Polygon believes the NFT ecosystem is just getting warmed up, and Nailwal thinks the Polygon and DDC-crafted Davinci Web3 application will enhance the industry’s growth.
“There is so much more that artists and fans are able to accomplish and access through Davinci that realizes more of the blockchain potential to the mainstream consumers,” Nailwal remarked. Artists, performers, and brands get more revenue from their unique content, while fans get better experiences and secure delivery of their assets."
On February 14, Cere Network and Polygon launched a non-fungible token (NFT) marketplace and Web3 platform called Davinci, a project that aims to bolster the security behind NFT data. The platform is described as an “all-in-one Web3 media platform” that leverages Cere’s decentralized data cloud (DDC) platform and the proof-of-stake blockchain network Polygon.
Non-fungible token (NFT) media has become a big deal and a billion-dollar industry during the last year. However, the space has become filled with controversies as well with issues pertaining to intellectual property and copyrights to things like immutability.
In March 2021, there was a furious debate over immutability concerns tied to NFT technology. Fred Jin, the co-founder of Cere Network believes that NFT content that’s not stored properly is an issue.
“Most NFT content is not stored securely on the blockchain,” Jin said in a statement during the Davinci launch. “This is a problem, simply because your NFT can lose its content and associated value. The Davinci platform solves this problem via Cere DDC’s secure decentralized content delivery innovations.” The Cere Network executive added:
We’re really breaking new ground here, both for the entertainment industry and consumer enterprises, through a new standard for decentralizing data/content along with the Polygon team.
“Uniquely, each NFT created on Davinci’s platform will remain linked to the original creator through the use of smart contracts that guarantee a share of the royalties from any sale and establish a way for the continuous delivery of exclusive new content,” the Cere Network team’s announcement notes.
Sandeep Nailwal, the co-founder of Polygon believes the NFT ecosystem is just getting warmed up, and Nailwal thinks the Polygon and DDC-crafted Davinci Web3 application will enhance the industry’s growth.
“There is so much more that artists and fans are able to accomplish and access through Davinci that realizes more of the blockchain potential to the mainstream consumers,” Nailwal remarked. Artists, performers, and brands get more revenue from their unique content, while fans get better experiences and secure delivery of their assets."
This media is not supported in your browser
VIEW IN TELEGRAM
✅Do you want to make money from fast cryptocurrency trading? ✅
🔝 TurboXBT is a game-changer for traders looking for success with short-term trades🚀🚀
Find out more
⬇️⬇️⬇️
Platform link Click here
Twitter Click here
Telegram Click here
🔝 TurboXBT is a game-changer for traders looking for success with short-term trades🚀🚀
Find out more
⬇️⬇️⬇️
Platform link Click here
Twitter Click here
Telegram Click here
This media is not supported in your browser
VIEW IN TELEGRAM
🎁Exclusive to first-time savings subnoscription on AAX: 60% APY on BTC, ETH, USDT fixed savings for 7 Days!
You can enjoy up to 20% APY after the first 7 days🚀Don't miss the chance for the superb PASSIVE earnings!!
Sign up now ⏩ https://bit.ly/3FSyVrs
You can enjoy up to 20% APY after the first 7 days🚀Don't miss the chance for the superb PASSIVE earnings!!
Sign up now ⏩ https://bit.ly/3FSyVrs
Cardano Foundation Doubles Reward Offered to Hackers for Uncovering Bugs on Its Blockchain
The Cardano Foundation recently said it has doubled the payout offered to hackers and bounty hunters that identify bugs or vulnerabilities within the Cardano blockchain. The foundation said the six-week promotion, which runs until March 25, 2022, is part of an ongoing attempt to keep “its businesses and customers safe.”
The Cardano Foundation recently announced the start of a promotion that will see it double the value of the reward given to bounty hunters that discover vulnerabilities within the Cardano ecosystem. Starting from February 14, hackers and bounty hunters that identify critical vulnerabilities in the Cardano Node will be paid a maximum of $20,000.
The lowest amount that will be paid to hackers that discover the least critical bug or vulnerability in the node is $800. On the other hand, for bounty hunters that uncover critical vulnerabilities in the Cardano Wallet, a maximum payout of $15,000 is offered, while hackers that find less critical vulnerabilities will be given a minimum reward of $600.
In a statement explaining its decision to start the six-week promotion, The Cardano Foundation suggested that finding vulnerabilities is what can “keep our businesses and customers safe.” The foundation also said:
From this program, we aim to strengthen the Cardano brand through this public bug bounty program, covering essential items to access and manage crypto assets that are issued on the Cardano blockchain.
Meanwhile, the statement clarifies that “the scope of the bug bounty program will not include any UI or general functionality bugs.” It will, however, include bugs or vulnerabilities that lead to the leakage of sensitive information, the foundation said. Bugs that cause the service to crash, as well as attacks that compromise or harm the quality of the blockchain, are also included in the reward program.
In addition, the foundation asked hackers that uncover areas that may be seen as “an exploitable vulnerability” to reach out so arrangements can be made to discuss these “on a case-by-case basis.”
What are your views concerning the Cardano Foundation’s decision to double the bounty rewards? Tell us what you think in the comments section below.
The Cardano Foundation recently said it has doubled the payout offered to hackers and bounty hunters that identify bugs or vulnerabilities within the Cardano blockchain. The foundation said the six-week promotion, which runs until March 25, 2022, is part of an ongoing attempt to keep “its businesses and customers safe.”
The Cardano Foundation recently announced the start of a promotion that will see it double the value of the reward given to bounty hunters that discover vulnerabilities within the Cardano ecosystem. Starting from February 14, hackers and bounty hunters that identify critical vulnerabilities in the Cardano Node will be paid a maximum of $20,000.
The lowest amount that will be paid to hackers that discover the least critical bug or vulnerability in the node is $800. On the other hand, for bounty hunters that uncover critical vulnerabilities in the Cardano Wallet, a maximum payout of $15,000 is offered, while hackers that find less critical vulnerabilities will be given a minimum reward of $600.
In a statement explaining its decision to start the six-week promotion, The Cardano Foundation suggested that finding vulnerabilities is what can “keep our businesses and customers safe.” The foundation also said:
From this program, we aim to strengthen the Cardano brand through this public bug bounty program, covering essential items to access and manage crypto assets that are issued on the Cardano blockchain.
Meanwhile, the statement clarifies that “the scope of the bug bounty program will not include any UI or general functionality bugs.” It will, however, include bugs or vulnerabilities that lead to the leakage of sensitive information, the foundation said. Bugs that cause the service to crash, as well as attacks that compromise or harm the quality of the blockchain, are also included in the reward program.
In addition, the foundation asked hackers that uncover areas that may be seen as “an exploitable vulnerability” to reach out so arrangements can be made to discuss these “on a case-by-case basis.”
What are your views concerning the Cardano Foundation’s decision to double the bounty rewards? Tell us what you think in the comments section below.
BECOME MILLIONAIRE RACERS IN METAVERSE WITH DEFIHORSE'S INITIAL NFT OFFERINGS! 🤑
The hottest event for racers and crypto lovers is here: World-Class Horse Racing DeFiHorse is offering its initial NFT Sale on 27/02/2022 😍
🎁Only 300 mystery boxes of Heroic horses are available for sale. Owning these first generations of horses help you not only become a winner in the $1,000,000 race championship but also become a millionaire as the value of these NFTs on the market indeed increases, particularly when you luckily get the rare or ultra-rare horses. 🥰
👉Sounds interesting? Join the whitelist now 🤗
💎More info
The hottest event for racers and crypto lovers is here: World-Class Horse Racing DeFiHorse is offering its initial NFT Sale on 27/02/2022 😍
🎁Only 300 mystery boxes of Heroic horses are available for sale. Owning these first generations of horses help you not only become a winner in the $1,000,000 race championship but also become a millionaire as the value of these NFTs on the market indeed increases, particularly when you luckily get the rare or ultra-rare horses. 🥰
👉Sounds interesting? Join the whitelist now 🤗
💎More info
Play-to-Earn Blockchain Game Axie Infinity Surpasses $4 Billion in All-Time NFT Sales
This week, Axie Infinity, the blockchain-based online video game crafted by the Vietnamese software studio Sky Mavis, surpassed $4 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn (P2E) game launched in 2018 is the third-largest NFT platform in terms of all-time sales.
The Ethereum-based video game Axie Infinity has been very popular during the last 12 months as the P2E pet training world has seen significant demand. The game’s native digital currency axie infinity (AXS) has increased by 2,544% against the U.S. dollar over the last year.
On the other hand, smooth love potion (SLP), hasn’t been so lucky and is down 70% in value year-to-date. Metrics indicate that there’s 53,502 AXS token holders today and out of 166,870 Axies there are 45,276 Axie owners.
This week, NFT metrics show, the project developed by Sky Mavis captured more than $4 billion worth of all-time NFT sales. Today, the average Axie Infinity sale price is $198.77 and the project has seen 1,905,222 traders, according to lifetime statistics.
With approximately $4.14 billion in all-time sales recorded at the time of writing, Axie Infinity is the third-largest NFT project in terms of all-time sales. The game’s NFT sales are below Opensea’s $21.85 billion and Looksrare’s reported $16.85 billion.
While Axie Infinity is an Ethereum-based project, the game leverages the Ronin network so the network can scale without high fees and congestion issues. At the time of writing, the cross-chain Ronin Bridge has $3.3 billion total-vale locked, and it is down 15% since last week.
Statistics indicate that the Ronin-based decentralized exchange (dex) Katana is the fourth largest decentralized finance (defi) exchange in terms of volume. Katana has seen $30.8 million in 24-hour trade volume and has a balance of $475 million.
Even though all-time Axie Infinity NFT sales have crossed the $4 billion mark, sales are down 40.58% during the last seven days. Weekly statistics indicate Axie Infinity has processed $19,815,670 in sales via the Ronin blockchain. Axie NFTs last week saw 91,940 buyers across 267,906 transactions.
24-hour Axie NFT sales metrics show the project has seen $2.2 million in sales from 17,731 buyers. While Axie is the third-largest in all-time sales, it’s the fourth in 24-hour terms and the fifth over the last seven days. Over the last month, Axie placed eighth out of the top ten projects in terms of 30-day NFT sales.
This week, Axie Infinity, the blockchain-based online video game crafted by the Vietnamese software studio Sky Mavis, surpassed $4 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn (P2E) game launched in 2018 is the third-largest NFT platform in terms of all-time sales.
The Ethereum-based video game Axie Infinity has been very popular during the last 12 months as the P2E pet training world has seen significant demand. The game’s native digital currency axie infinity (AXS) has increased by 2,544% against the U.S. dollar over the last year.
On the other hand, smooth love potion (SLP), hasn’t been so lucky and is down 70% in value year-to-date. Metrics indicate that there’s 53,502 AXS token holders today and out of 166,870 Axies there are 45,276 Axie owners.
This week, NFT metrics show, the project developed by Sky Mavis captured more than $4 billion worth of all-time NFT sales. Today, the average Axie Infinity sale price is $198.77 and the project has seen 1,905,222 traders, according to lifetime statistics.
With approximately $4.14 billion in all-time sales recorded at the time of writing, Axie Infinity is the third-largest NFT project in terms of all-time sales. The game’s NFT sales are below Opensea’s $21.85 billion and Looksrare’s reported $16.85 billion.
While Axie Infinity is an Ethereum-based project, the game leverages the Ronin network so the network can scale without high fees and congestion issues. At the time of writing, the cross-chain Ronin Bridge has $3.3 billion total-vale locked, and it is down 15% since last week.
Statistics indicate that the Ronin-based decentralized exchange (dex) Katana is the fourth largest decentralized finance (defi) exchange in terms of volume. Katana has seen $30.8 million in 24-hour trade volume and has a balance of $475 million.
Even though all-time Axie Infinity NFT sales have crossed the $4 billion mark, sales are down 40.58% during the last seven days. Weekly statistics indicate Axie Infinity has processed $19,815,670 in sales via the Ronin blockchain. Axie NFTs last week saw 91,940 buyers across 267,906 transactions.
24-hour Axie NFT sales metrics show the project has seen $2.2 million in sales from 17,731 buyers. While Axie is the third-largest in all-time sales, it’s the fourth in 24-hour terms and the fifth over the last seven days. Over the last month, Axie placed eighth out of the top ten projects in terms of 30-day NFT sales.
Buy crypto to win an iPhone 13 Pro on AAX⚡️⚡️
You will also get a chance to win BTC, trading bonuses, iPhone, Macbook and more🎁
Unlock the prizes NOW!!👉🏻https://bit.ly/3JROrp3
You will also get a chance to win BTC, trading bonuses, iPhone, Macbook and more🎁
Unlock the prizes NOW!!👉🏻https://bit.ly/3JROrp3
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation.
Companies, legally operating mining facilities in Kazakhstan, have already relocated around 30% of their mining equipment elsewhere. The President of the National Association of Blockchain and Data Center Industry of Kazakhstan Alan Dorjiyev told Forklog about the migration.
The executive noted that miners have been influenced by the persisting issues with energy supply and an expected tax increase. His organization represents major companies involved in the extraction of digital currencies accounting for 70% of Kazakhstan’s crypto mining sector.
The report quotes legislative documents indicating that Kazakhstan’s parliament prepares to impose on miners a tax of 10 tenge (approx. $0.02) per kilowatt-hour (kWh) of electricity generated from domestic energy resources and 5 tenge per kWh for imported electrical energy.
The levy for electricity produced from natural gas and renewable sources, excluding hydropower, will be 3 tenge per kWh, if lawmakers adopt the proposed changes. In 2021, authorities in Nur-Sultan introduced a surcharge of 1 tenge ($0.0023 at the time) per kWh of electricity used to mint cryptocurrencies.
Kazakhstan became a mining hotspot following China’s decision to launch a nation-wide crackdown on the industry in May, and largely due to its capped electricity rates. The country initially welcomed mining companies but since then, their energy-intensive operations have been blamed for a growing power deficit.
To deal with the shortages, the government increased electricity imports from the Russian Federation and shut down legal mining farms amid winter blackouts. Instructed by President Kassym-Jomart Tokayev, the Ministry of Energy, the Financial Monitoring Agency and law enforcement have also gone after illegal miners.
Dorjiyev further commented that the country is gradually becoming an “unfavorable jurisdiction for the crypto mining business.” He also warned that Kazakhstan will lose its leading position in terms of the amount of computing power it controls in the bitcoin network. As of August 2021, the country’s share in the global hashrate had reached 18%, second only to that of the United States.
To quell protests over rising fuel prices in early January, Tokayev’s administration temporarily closed down banks and restricted access to the internet. The measures affected the mining sector as well. The political turmoil and power supply interruptions have already forced some mining companies to relocate to other countries such as the U.S.
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation.
Companies, legally operating mining facilities in Kazakhstan, have already relocated around 30% of their mining equipment elsewhere. The President of the National Association of Blockchain and Data Center Industry of Kazakhstan Alan Dorjiyev told Forklog about the migration.
The executive noted that miners have been influenced by the persisting issues with energy supply and an expected tax increase. His organization represents major companies involved in the extraction of digital currencies accounting for 70% of Kazakhstan’s crypto mining sector.
The report quotes legislative documents indicating that Kazakhstan’s parliament prepares to impose on miners a tax of 10 tenge (approx. $0.02) per kilowatt-hour (kWh) of electricity generated from domestic energy resources and 5 tenge per kWh for imported electrical energy.
The levy for electricity produced from natural gas and renewable sources, excluding hydropower, will be 3 tenge per kWh, if lawmakers adopt the proposed changes. In 2021, authorities in Nur-Sultan introduced a surcharge of 1 tenge ($0.0023 at the time) per kWh of electricity used to mint cryptocurrencies.
Kazakhstan became a mining hotspot following China’s decision to launch a nation-wide crackdown on the industry in May, and largely due to its capped electricity rates. The country initially welcomed mining companies but since then, their energy-intensive operations have been blamed for a growing power deficit.
To deal with the shortages, the government increased electricity imports from the Russian Federation and shut down legal mining farms amid winter blackouts. Instructed by President Kassym-Jomart Tokayev, the Ministry of Energy, the Financial Monitoring Agency and law enforcement have also gone after illegal miners.
Dorjiyev further commented that the country is gradually becoming an “unfavorable jurisdiction for the crypto mining business.” He also warned that Kazakhstan will lose its leading position in terms of the amount of computing power it controls in the bitcoin network. As of August 2021, the country’s share in the global hashrate had reached 18%, second only to that of the United States.
To quell protests over rising fuel prices in early January, Tokayev’s administration temporarily closed down banks and restricted access to the internet. The measures affected the mining sector as well. The political turmoil and power supply interruptions have already forced some mining companies to relocate to other countries such as the U.S.
This media is not supported in your browser
VIEW IN TELEGRAM
⚡️ T H E N O V A T A R ⚡️
NFT avatars that grow up on the blockchain and transform from a BABY into an ADULT 👶 ➩ 🦸🏻♂️
🧨Join PRE-SALE on February 27, 2:00 pm EST🧨
💫 A limited collection of 25K NFT avatars
💫 Tech-advanced ART collection that is AI-generated
💫 Diversity of race, color, sexual orientation
💫 When growing up the avatars keep the basic genes
💥Set your NFT Novatar as a profile picture on Twitter Blue.
🌐 GET your Novatar on ⚡️TheNovatar.com ⚡️
NFT avatars that grow up on the blockchain and transform from a BABY into an ADULT 👶 ➩ 🦸🏻♂️
🧨Join PRE-SALE on February 27, 2:00 pm EST🧨
💫 A limited collection of 25K NFT avatars
💫 Tech-advanced ART collection that is AI-generated
💫 Diversity of race, color, sexual orientation
💫 When growing up the avatars keep the basic genes
💥Set your NFT Novatar as a profile picture on Twitter Blue.
🌐 GET your Novatar on ⚡️TheNovatar.com ⚡️
Media is too big
VIEW IN TELEGRAM
⚡️1 DAY LEFT TO GET WHITELISTED FOR THE SUPER PROJECT DEFIHORSE'S FIRST NFT SALE!
🐎DeFiHorse is amazed by the number of participants for the first NFT SALE and let me tell you, it’s huge! But there’s only 1 day left before the whitelist is closed, so this might be your last chance to get your name on the list. 300 NFT BOXES of Heroic will be outed on the market ready to be taken.
Most importantly, top 50 references will be assured to get a slot at the sale.
👉All it takes is a few steps on Gleam! Say no more, sign up now!
🐎DeFiHorse is amazed by the number of participants for the first NFT SALE and let me tell you, it’s huge! But there’s only 1 day left before the whitelist is closed, so this might be your last chance to get your name on the list. 300 NFT BOXES of Heroic will be outed on the market ready to be taken.
Most importantly, top 50 references will be assured to get a slot at the sale.
👉All it takes is a few steps on Gleam! Say no more, sign up now!
Want to buy $XGLI below IDO price & guaranteed participation? 💸
PureFi Round for Glitter Finance 👉🏼 https://bit.ly/3BW7H1R
⏰ 3 days left
✔️Buy here
⭐️Why Glitter Finance?
Glitter is a brand changing innovator bridge that brings the everyday user into the crypto world seamlessly
PureFi Round for Glitter Finance 👉🏼 https://bit.ly/3BW7H1R
⏰ 3 days left
✔️Buy here
⭐️Why Glitter Finance?
Glitter is a brand changing innovator bridge that brings the everyday user into the crypto world seamlessly
Backed by genius Blizzard artist Ken West (League of Legends, Call of Duty, Overwatch…), Elite Wolf Society has been on Twitter for 5 days and is already taking the NFT space by storm with more than 30k followers already!
With a VERY strong, fully doxed founding team, and a great number of senior investors backing the project, we can only guess how far this collection will go.
Here are the main reasons why you should follow up on EWS:
✅
✅
✅
✅
✅
Check their roadmap here -> elitewolfsociety.com
Make sure to join their discord -> https://discord.gg/RSDbStUVP2
⚠️ As they want a truly exclusive and influential community, the supply will be strongly limited.
With a VERY strong, fully doxed founding team, and a great number of senior investors backing the project, we can only guess how far this collection will go.
Here are the main reasons why you should follow up on EWS:
✅
The Society is a private, exclusive network dedicated to the success of its members✅
It offers great business and investment opportunities✅
You can benefit from real access to their global, worldwide network, and get mentored by successful business moguls✅
Your project can (and very well may be) funded by their private community fund dedicated to in-community investment✅
A 100 000$ transfer to the wallet address owning the ultra legendary NFT of the collection.Check their roadmap here -> elitewolfsociety.com
Make sure to join their discord -> https://discord.gg/RSDbStUVP2
⚠️ As they want a truly exclusive and influential community, the supply will be strongly limited.
This media is not supported in your browser
VIEW IN TELEGRAM
💥THE MAJOR BREAKTHROUGH OF DEFIHORSE - THINGS ARE ABOUT TO EXPLODE BEFORE INO - WE ARE ALL READY! 💥
DeFiHorse is beyond happy with the remarkable global growth, thanks to the amazing support from our Community.
The Whitelist Race for INO just ended with:
🌟 2,000,000 entries
🌟 50,000 participants
🌟 TOP 1 country: Ukraine
🔥Over 500,000 members🔥 across all channels, including:
💫 130,000 followers on Telegram Global Community
💫 104,000 followers on Twitter
💫 93,000 followers on Telegram News
💫 62,000 followers on Facebook
💫 31,000 followers on Discord
…and SO MANY MORE TO COME.
#TheCreationOfGod: The First NFT Sale for Heroic Steed is happening. Grab your opportunity because these NFTs are not to be missed.
👉 Time: 1 PM 27/02/2022 UTC
👉 Location: rada.network/en/launchverse/defihorse/heroic
👉 Medium Sale Info | Medium Guideline
🏇🏻 Time to invest, Racers!
DeFiHorse is beyond happy with the remarkable global growth, thanks to the amazing support from our Community.
The Whitelist Race for INO just ended with:
🌟 2,000,000 entries
🌟 50,000 participants
🌟 TOP 1 country: Ukraine
🔥Over 500,000 members🔥 across all channels, including:
💫 130,000 followers on Telegram Global Community
💫 104,000 followers on Twitter
💫 93,000 followers on Telegram News
💫 62,000 followers on Facebook
💫 31,000 followers on Discord
…and SO MANY MORE TO COME.
#TheCreationOfGod: The First NFT Sale for Heroic Steed is happening. Grab your opportunity because these NFTs are not to be missed.
👉 Time: 1 PM 27/02/2022 UTC
👉 Location: rada.network/en/launchverse/defihorse/heroic
👉 Medium Sale Info | Medium Guideline
🏇🏻 Time to invest, Racers!