Cryptonews Deals https://cryptonews.com/news/cryptonews-deals/ Fri, 15 Mar 2024 04:00:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Cordial Systems Launches Cordial Treasury Naming Jump Crypto as a Client https://cryptonews.com/news/cordial-systems-launches-cordial-treasury-with-jump-crypto.htm Fri, 15 Mar 2024 04:00:56 +0000 https://cryptonews.com/?p=183908 Cordial Systems, a venture-backed blockchain infrastructure company, has launched Cordial Treasury with several clients including Jump Crypto, the digital-asset unit of Jump Trading.

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Cordial Systems, a blockchain infrastructure company which builds custody products, has launched Cordial Treasury with several clients including Jump Crypto, the digital-asset unit of Jump Trading.

In an announcement, Cordial Systems said, that Cordial Treasury is a self-hosted product that allows financial institutions to independently manage their digital asset operations in-house.

“Cordial Systems have been a critical partner as we have scaled our digital asset business,” said Alex Davies, the CTO of Jump Trading, in a press release.

“Being able to enforce precisely defined policies from our digital asset control framework via independently controlled software with large numbers both of internal users and external chains has allowed us to safely keep up with fast-moving business requirements and stay at the forefront of the industry,” said Davies.

Jump Uses Cordial Treasury as Proprietary Tech Stack


Cordial Treasury gives its clients a bespoke private blockchain custody a method used to secure crypto assets. Its technology is self-administered by the customer’s team and designed to allow clients to run the service in their own data centre or private cloud.

Jump Trading said it is using Cordial Treasury as part of its “proprietary technology stack.” This technical term refers to software developed and owned by a company or organization which is not available for public use or modification. Having a proprietary tech stack can provide companies with a competitive advantage in maintaining control over their own technology infrastructure.

For many firms operating in the digital assets space being able to demonstrate controls to safeguard customer assets is crucial and a regulatory requirement.

“Cordial Treasury is an important part of our tooling that we rely on daily,” said Armani Ferrante, CEO of Backpack, in a statement.

“As a regulated institution under VARA, it is important that Backpack has demonstrable controls to safeguard our customer assets and evidence our proof of reserves. Cordial Treasury is an important part of our tooling that we rely on daily,” adds Ferrante.

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Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets https://cryptonews.com/news/tether-napp-uzbekistan-mou-blockchain-digital-assets.htm Fri, 08 Mar 2024 05:38:18 +0000 https://cryptonews.com/?p=179238 Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.

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Tether, the issuer of the world’s largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country.

Tether Partners With NAPP Of Uzbekistan


In a press release on March 7, Tether said the signing of the Memorandum of Understanding (MOU) signifies a strategic deal aiming to position Uzbekistan as a leader in peer-to-peer (P2P) and blockchain technology.

The collaboration will also explore the development and adoption of blockchain, stablecoins, and tokenization, among others. In recent months, industry leaders, including BlackRock’s Larry Fink, have backed tokenization as the next frontier. 

The success of stablecoins, mainly USDT, the token issued on multiple blockchains, including Ethereum and Tron, highlights the benefit of tokenization. Every USDT in supply tracks the value of USD. 

As part of this collaboration, Tether will also contribute to developing the crypto legal framework and policy. According to the press release, Tether will help create and implement Uzbekistan’s digital currency and payment infrastructure. Uzbekistan has yet to officially announce plans to release its central bank digital currency (CBDC) or token.

The MoU between Tether and NAPP will also look at stimulating economic growth and contributing to tech innovation. Further efforts will be made to promote blockchain and crypto education. Tether’s global strategy of building “resilient cities and nations” will continue to live on with this initiative. 

Buying Bitcoin And Investing In Mining Farms


In Q4 2023, Tether bought $380 million worth of Bitcoin (BTC), bringing its total haul to 66,465 BTC. The company started purchasing BTC in September 2022, initially acquiring 33,980 BTC. 

Besides direct purchases, Tether is active in Bitcoin mining and energy production. The firm has invested hundreds of millions of dollars in building mining firms in South America and financing other centers, including Northern Data AG.

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Crypto Miner Phoenix Group Reports 50% Jump in Net Income https://cryptonews.com/news/crypto-miner-phoenix-group-uae-reports-50-jump-in-net-income.htm Thu, 15 Feb 2024 11:46:07 +0000 https://cryptonews.com/?p=167289 UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following its initial public offering (IPO) on the Abu Dhabi Stock Exchange.

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UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following its initial public offering (IPO) on the Abu Dhabi Stock Exchange.

In an announcement, Phoenix Group said sales experienced a surge of 20% year-on-year. The firm’s core hosting business saw year-on-year growth of 119% and its self-mining businesses experienced year-on-year growth of 480%.

Company results show that the Phoenix Group significantly increased the value of its total assets compared to 2022, from $229 million to $834 million in 2023.

Success Due to High-Net-Worth Partnerships


The UAE is an attractive destination for high-net-worth individuals (HNWIs) and Phoenix Group is pinning its success to strategic partnerships made in the region.

“This success stemmed from strategic partnerships with high-net-worth individuals, power supply companies, and mining equipment manufacturers, solidifying a foundation for continued growth in the coming years,” said Phoenix Group in a press release.

Phoenix Invests $187M in Bitmain BTC-Mining Machines 


In January, Phoenix Group announced it had successfully acquired mining equipment valued at $187 million from Bitmain Development PTI Limited. Phoenix Computer Equipment, a subsidiary of Phoenix Group, disclosed that the acquisition agreement was facilitated through Cypher Capital DMCC.

In December, Phoenix Group disclosed its partnership with Whatsminer. The agreement involved a $380-million deal to procure hydro cooling hardware equipment. This technology utilizes a closed-loop water system that preserves water volume and quality within pipes, enhancing heat transfer efficiency.

Continued Growth in 2024?


Phoenix Group said it is expecting continued growth in 2024, adding that investors can expect further positive developments in the coming months as the company plans to push for success outside of the UAE.

“Our success has been impressive, but 2024 promises to be truly transformative. With ambitious plans and an unwavering commitment to excellence, the group is poised to redefine success, not just in the UAE, but on a global scale,” said Seyed Mohammad Alizadehfard, the co-founder and CEO of Phoenix Group, in a press release.

Current State of Crypto Mining 


It seems the Bitcoin Halving is triggering mining acquisitions, reports Jimmy Aki from Cryptonews. As Bitcoin approaches its halving event scheduled for April 2024 – a crucial moment when mining rewards are halved – companies are intensifying their efforts to acquire advanced mining machines.

This strategic initiative is aimed at improving mining efficiency, boosting profitability, and solidifying their positions in the cryptocurrency mining sector.

Hive Digital Technologies, renowned for its expertise in data centre operations, recently secured 7,000 S21 Antminers from Bitmain on December 21, 2023.

 

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Bitcoin Worth $1.7B Seized As Ex-Restaurant Worker Tries To Buy $30M London Mansion with Fraud Money https://cryptonews.com/news/bitcoin-worth-1-7b-seized-as-ex-restaurant-worker-tries-to-buy-30m-london-mansion-with-fraud-money.htm Wed, 31 Jan 2024 21:29:06 +0000 https://cryptonews.com/?p=159630 A former restaurant worker's attempt to buy a £30M London mansion leads to an unexpected Bitcoin fraud discovery. Over £1.4 billion in Bitcoin seized, uncovering an intricate web of money laundering tied to a multi-billion investment scam.

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Authorities in the United Kingdom have seized Bitcoin valued at over £1.4 billion as a result of a fraud investigation into a former Chinese takeaway worker, Jian Wen, who allegedly attempted to buy a £23.5 million mansion in Hampstead.

According to a Sky News report, the police seized over 61,000 Bitcoin, valued at $1.7 billion during recovery, from four separate devices stored in a safe deposit box in 2018. The police successfully recovered the cryptocurrency from the devices in 2021, as indicated in the report, without delving into specifics.

The Trial of Jian Wen, Accused of Laundering a £5 Billion Investment Fraud Through Bitcoin


On January 31, Jian Wen, aged 42, was accused of acting as a “front person” to assist in laundering profits from a £5 billion investment fraud orchestrated in China by Zhimin Qian between 2014 and 2017. Qian reportedly used Bitcoin to move the fraudulent money out of China before arriving in the UK under the false Yadi Zhang identity and a St. Kitts and Nevis passport. 

Currently on trial at Southwark Crown Court, Wen is accused of playing a role in the money laundering scheme by acting as a conduit for converting Bitcoin into real assets, including attempting to buy a multimillion-pound mansion. Police reportedly raided the residence rented by Wen and Qian near Hampstead Heath in northwest London, seizing devices containing digital wallets with more than 61,000 Bitcoin.

During the trial at Southwark Crown Court, prosecutor Gillian Jones KC outlined that Jian Wen was not directly involved in the core fraud but played a role in dealing with Bitcoin on behalf of Qian. Wen was accused of acting as a conduit for converting Bitcoin into real assets, including attempting to buy a multimillion-pound mansion.

Police reportedly raided the residence rented by Wen and Qian near Hampstead Heath in northwest London, seizing devices containing digital wallets with more than 61,000 Bitcoin, valued at over £1.4 billion, when authorities accessed them in the summer of 2021.

Wen, who denies three counts of money laundering between October 2017 and January 2022, does not dispute dealing with Bitcoin fraud but claims she was Zhang’s carer and was unaware of the illicit source of the funds. The court heard that Wen and Zhang portrayed themselves as involved in an international jewelry business, traveling extensively and selling Bitcoin while buying high-value items.

Jian Wen’s Involvement in Bitcoin Transactions and Attempted Property Purchases


Before meeting Zhimin Qian (known under various aliases, including Rose, Emma, and Hua Hua), Wen worked at a Chinese takeaway in southeast London and lived in a room underneath the restaurant.

Wen referred to Qian as her “boss,” together, they claimed to be engaged in an international jewelry business, trading diamonds and antiques in countries such as Japan, Thailand, and China. The duo extensively traveled throughout Europe, selling Bitcoin and purchasing high-value items, including fine jewelry and watches.

During their ventures, they considered buying properties in Zurich, and Wen, who remained in the UK while Qian rented a property in Sweden, attempted to buy real estate in London. The proposed purchases included a £23.5 million seven-bedroom Hampstead mansion with a swimming pool and a £12.5 million eight-bedroom home with a cinema and gym. None of these transactions materialized because the source of the Bitcoin used for the purchases could not be explained, however.

According to the prosecutor, Wen initially claimed the cryptocurrency had been mined. Later, she stated it was a “love present” and produced a deed of gift, asserting that she had received 3,000 Bitcoin (worth £15 million at the time) from Qian.

The prosecutor urged the jury to scrutinize the circumstances surrounding this purported gift, questioning whether it was a genuine gesture or a device to create an appearance of legitimacy regarding the source of funds when Wen attempted to buy high-value property on Qian’s behalf.

The jury will be tasked with deciding whether Wen knew or suspected that the funds were the proceeds of a crime. Meanwhile, Zhimin Qian has reportedly fled the UK and remains at large. The trial continues, with Wen facing three counts of money laundering between October 2017 and January 2022.

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Crypto Losses Up 59% in Q3 From Cyberattacks https://cryptonews.com/news/crypto-losses-up-59-q3-from-cyberattacks.htm Mon, 02 Oct 2023 21:50:00 +0000 https://cryptonews.com/?p=125898 Source: Pixabay The cryptocurrency sector has increasingly become a prime target for hackers in recent years. According to a report submitted by bug bounty and security services platform Immunefi, the Web3 space suffered a total loss worth over $685 million in Q3, 2023.  This significant loss increase is particularly alarming given that losses suffered from […]

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Source: Pixabay

The cryptocurrency sector has increasingly become a prime target for hackers in recent years.

According to a report submitted by bug bounty and security services platform Immunefi, the Web3 space suffered a total loss worth over $685 million in Q3, 2023. 

This significant loss increase is particularly alarming given that losses suffered from hacks and frauds were over $428 million in Q2 this year.

Source: Immunefi

The recent release by Immunefi denotes a whopping 59.9% increase in malicious attacks targeted at obtaining funds illegally from poorly secured blockchain protocols. 

Providing more details, the platform stated that over $662 million was lost to hacks across 49 separate incidents. 

The remaining balance of over $22 million was lost to fraudulent investment schemes captured across 27 specific incidents.

The report also disclosed more unsettling findings. According to Immunefi, Mixin Network and Multichain were among the hardest hit, with a combined loss of $326 million due to hacks. 

This mammoth loss accounted for 47.5% of all losses recorded in Q3. Other protocols, such as CoinEx, CoinsPaid, Curve Finance, and JPEG’d, also fell victim to illegal fund draining by malicious actors.

Moreso, the Ethereum blockchain-based projects were the prime targets of these bad actors as a record number of 35 Web3 protocols were hit on the older blockchain protocol. 

Meanwhile, Binance-owned BNB Chain came a close second on the list, with 25 protocols seeing their funds drained.  

A surprise appearance was Coinbase-owned Base, which suffered four incidents, representing 4.9% of total losses across chains. 

Optimism followed with three incidents, while Polygon and a few others suffered two incidents, and Solana completed the list with only 1 incident on its records.  

Zooming in on the principal characters behind this series of cyberattacks, the North Korean-sponsored  Lazarus Group came up tops. 

Source: Immunefi

Immunefi stated that the infamous hacking team carted away over $208 million, indicating a 30% value from the total losses suffered in Q3. 

Lazarus Group executed its heist on CoinEx, Stake, Alphapo, and CoinsPaid. 

DeFi Still a Juicy Honeypot for Hackers

The crypto market is broken into several sub-sectors. One of the most prominent is the decentralized finance (DeFi) sub-sector. 

Like its name sounds, trades here are not centrally controlled, with users having direct control and access to their accounts. 

There is no intermediary, and anyone can buy and sell digital assets. This lack of central oversight has made the DeFi space a prime target for several malicious actors.

According to a report by CoinGecko, the DeFi landscape lost an astronomical $2.8 billion in stolen funds in 2022. 

The hacks were executed using various methods, including verification process bypass, market manipulation, crowd looting, as well as smart contract and bridge exploits. 

The report pointed out Sky Mavis’ Ronin Network hack of $625 million as the principal network that lost the most in crypto losses. This security breach was done via the access hack method.

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Defexa Wallet Announces $750 Reward Pool Promo for First 50 Users https://cryptonews.com/news/defexa-wallet-announces-750-reward-pool-promo-for-first-50-users.htm Wed, 31 May 2023 11:11:00 +0000 https://cryptonews.com/?p=115483 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. It’s no secret […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

It’s no secret that cryptocurrencies have gained immense popularity as ‌modern, decentralized financial assets. And with their increasing value, safeguarding them has become paramount. As the cryptocurrency market continues expanding significantly, various versatile crypto wallets have emerged to accommodate the diverse range of available digital currencies. Thus, one crucial aspect of securing cryptocurrencies is choosing the right crypto wallet.

This article will guide you through the key considerations for selecting a secure crypto wallet and introduce Defexa Crypto Wallet, a reliable and trusted option for protecting your digital assets.

The Significance of Selecting the Right Crypto Wallet

Choosing the right crypto wallet is critical to protecting your cryptocurrencies. With various wallet options available, it’s essential to consider factors such as security, user-friendliness, compatibility, and functionality. A wrong choice could result in potential risks such as theft, hacking, or losing access to your digital assets, leading to severe consequences.

The choice of a cryptocurrency wallet is not to be taken lightly, as it directly impacts the security, accessibility, and control of one’s cryptocurrency holdings. Let’s explore the reasons why selecting the right cryptocurrency wallet is essential.

Security: The security of your cryptocurrency holdings should be your top priority when choosing a wallet. Since cryptocurrencies are digital assets, they are vulnerable to online threats like hacking, phishing, and malware attacks.

Despite being a mobile crypto wallet, Defexa maintains the highest level of security. As an innovative and new-to-market solution, Defexa Wallet harbors advanced security measures such as secret phrase backup, PIN code, and biometric authentication.

Control: Cryptocurrency wallets come in different types, including hardware wallets, software wallets, and online wallets. Each type offers different levels of control over your private keys. It’s essential to carefully consider the type of wallet that aligns with your desired level of control over your crypto assets. Not your keys, not your coins, remember?

As a non-custodial cryptocurrency wallet, Defexa Wallet does not retain or store users’ private keys. This means that users have complete control over them, and any third-party entity does not hold their digital assets. It enhances the wallet’s security and minimizes the risk of potential hacks or unauthorized access to users’ private keys and funds.

Accessibility: Different wallets offer varying degrees of accessibility in terms of platform support, ease of use, and availability of features. Choosing a wallet compatible with the cryptocurrencies you own is essential and provides a user-friendly interface that meets your needs.

Defexa Wallet supports 100+ tokens, providing a comprehensive and all-purpose solution to store, manage, and trade every popular digital currency within a single app interface.

Furthermore, Defexa Wallet keeps up-to-date with the latest developments in the cryptocurrency ecosystem, ensuring users can access the most current and relevant tokens. This makes Defexa Mobile Wallet a forward-thinking solution that adapts to the ever-evolving landscape of cryptocurrencies, providing users with an advanced and future-proof option for digital asset storage and management.

Reputation: The reputation of the wallet provider is a crucial factor to consider. Research the wallet provider’s reputation, history, and customer reviews thoroughly. Look for wallets that have been around for a while and have a solid reputation for security and reliability.

Defexa Digital Wallet is committed to becoming a trusted and compliant platform. The project is licensed in several regions, such as Canada, the UK, and some parts of Europe, to provide users with a secure and trustworthy way to manage their funds.

Ensuring Safety With Defexa Wallet

As mentioned above, the safety of your crypto wallet is paramount. Some of the best security practices include creating strong and unique passwords, regularly backing up wallet keys, and avoiding sharing information with unauthorized parties. Being proactive in securing your wallet can significantly reduce the risks associated with potential threats.

Defexa Wallet is a top choice for a secure and reliable crypto wallet. It offers advanced security measures, including private key backup, ensuring the safety of your digital assets. With a user-friendly interface, Defexa Wallet makes it easy for novice and experienced users to manage their cryptocurrencies. It supports many cryptocurrencies, including Bitcoin, Ethereum, and more, making it comprehensive for different investment portfolios. Defexa Wallet also has a positive reputation in the crypto community, with a track record of providing excellent customer service and prompt updates to ensure the highest level of security.

Unlock an Exciting Welcome Bonus at Defexa Wallet!

Ready to safeguard your digital assets? Download Defexa Wallet, the cutting-edge cryptocurrency wallet that prioritizes security. The Defexa Wallet team will continuously develop more helpful features and innovative products, such as Crypto Signals, AML regulation, and the highly anticipated Defexa Bank Card.

The Defexa Bank Card could become a global credit card with a crypto top-up feature, allowing users to combine traditional banking with their cryptocurrency holdings seamlessly. The Defexa Bank Card will be available for issuance in most countries, providing a convenient and accessible solution for crypto enthusiasts worldwide.

In the meantime, Defexa Wallet already simplifies the crypto experience with its user-friendly interface and easy-to-use features. Whether you’re an experienced trader or a crypto newcomer, Defexa Wallet caters to all levels of expertise. You can start your crypto journey with Defexa Wallet in four simple steps:

  1. Get the App at: https://defexa.io/wallet
  2. Sign Up
  3. Get your secret phrase, create a backup, and never share it with anyone!
  4. Set up a PIN, and that’s it!

Get the best security, convenience, and compatibility with the Defexa non-custodial wallet. Download the app right now and get a welcome bonus!

Become one of the first 50 Defexa Wallet users and participate in a $750 reward pool!

Complete Gleam, explore the brand-new Defexa App, and get your welcome perks: https://gleam.io/fpPqq/defexa-welcome-bonus

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Introduction to Decentralized Finance (DeFi) https://cryptonews.com/news/introduction-decentralized-finance-defi.htm Thu, 18 May 2023 06:09:00 +0000 https://cryptonews.com/?p=114223 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. The world of […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

The world of finance is undergoing a paradigm shift with the emergence of decentralized finance (DeFi). Powered by blockchain technology, DeFi offers a transparent, open, and permissionless alternative to traditional financial systems.

In this article, we will delve into the world of DeFi, exploring its core concepts, benefits, and challenges. Join us as we navigate through the decentralized landscape of cryptocurrency trading.

Understanding DeFi: Unlocking Financial Freedom

Let’s dive into the inner workings of this groundbreaking technology.

Smart Contracts

At the heart of DeFi are smart contracts, which are self-executing agreements coded on blockchain networks. These contracts automatically execute predefined actions when specific conditions are met. Smart contracts ensure transparency, immutability, and security in DeFi transactions.

Blockchain Technology

DeFi relies on blockchain technology, most commonly the Ethereum blockchain. Blockchain provides a decentralized and transparent ledger where all transactions and data are recorded. It acts as a single source of truth, ensuring that participants can verify and audit transactions in real-time.

Decentralized Applications (DApps)

DeFi protocols are built as decentralized applications (DApps) on blockchain networks. These DApps offer various financial services, including lending, borrowing, trading, and investing, without relying on intermediaries like banks or brokers.

Interoperability

One of the key features of DeFi is its interoperability. DeFi protocols are designed to work seamlessly with each other, allowing users to leverage multiple applications and services within the ecosystem. This enables innovative financial products and services to be created by combining various DeFi protocols.

Decentralized Exchanges (DEXs)

Decentralized exchanges (DEXs) play a crucial role in DeFi by enabling peer-to-peer cryptocurrency trading. DEXs operate without the need for a central authority, allowing users to retain control of their funds. They utilize smart contracts to facilitate trustless and secure transactions directly between participants.

Liquidity Pools and Automated Market Makers (AMMs)

DeFi platforms often utilize liquidity pools and automated market makers (AMMs) to enable efficient trading. 

Liquidity providers deposit their cryptocurrencies into these pools, which are used to facilitate trades. AMMs, governed by smart contracts, automatically determine token prices based on the ratio of assets in the pool, ensuring liquidity and continuous trading.

Yield Farming and Staking

DeFi introduces innovative concepts like yield farming and staking, incentivizing users to participate in the ecosystem.

Yield farming involves users providing liquidity to protocols in exchange for rewards in the form of additional tokens. Staking, on the other hand, involves users locking their tokens to support network operations and earning staking rewards.

Governance and Decentralized Autonomous Organizations (DAOs):

Many DeFi protocols employ governance mechanisms through decentralized autonomous organizations (DAOs). 

DAOs enable token holders to participate in decision-making processes like protocol upgrades, fee structures, or asset listings. Token holders can vote on proposals, ensuring a democratic and decentralized governance structure.

Security and Auditing

While DeFi offers numerous opportunities, it is crucial to address security concerns. Understanding the risks, using reputable platforms, and employing best security practices are essential for safe participation in DeFi.

Smart contracts are audited to identify vulnerabilities and mitigate risks. However, users must remain vigilant and conduct due diligence before interacting with DeFi protocols.

Benefits of DeFi

Here are some of the benefits of decentralized finance:

Financial Inclusion

DeFi opens up financial services to anyone with an internet connection, enabling individuals from underserved regions to participate in global markets.

Transparency

DeFi protocols operate on open and auditable blockchains, providing users with unparalleled visibility into transactions and smart contract operations.

Elimination of Intermediaries

By removing intermediaries such as banks or brokers, DeFi reduces costs and enhances efficiency, ensuring a more equitable financial ecosystem.

Programmability

DeFi protocols are built on smart contracts, allowing for the creation of complex and automated financial applications that operate autonomously.

What are the risks of DeFi?

While DeFi offers exciting opportunities, it also comes with risks. Smart contract vulnerabilities, market volatility, and regulatory uncertainties are some key risks associated with DeFi. 

Diversifying investments, staying informed, and using reputable platforms to mitigate these risks are, thus, crucial. Some of the risks of DeFi include:

Security

DeFi applications are built on top of relatively new and untested blockchain technology. There have been several high-profile hacks of DeFi applications, so choosing your DeFi applications carefully is important.

Complexity

DeFi applications can be complex and difficult to understand. It is important to do your research before using any DeFi application.

Volatility

The prices of cryptocurrencies, which are used to power DeFi applications, are volatile. This means that your investment could lose value quickly. 

DeFi and Cryptocurrency Trading: Empowering Investors

One of the key areas where DeFi has made significant strides is cryptocurrency trading. DEXs are platforms that facilitate the peer-to-peer exchange of cryptocurrencies without the need for intermediaries. Users retain control of their funds while trading directly with other participants, making DEXs more secure and resistant to hacks.

Advantages of DEXs

Here are some of the pros of decentralized exchanges:

Enhanced Security

DEXs eliminate the need for users to trust centralized exchanges with their funds, reducing the risk of hacks or theft.

Greater Privacy

DEXs often operate without user identification or KYC procedures, allowing individuals to maintain their privacy.

Lower Fees

DEXs typically have lower transaction fees than centralized exchanges, as they remove the costs associated with intermediaries.

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Conclusion

DeFi is a groundbreaking technology transforming the traditional financial system. By leveraging blockchain, smart contracts, and decentralized applications, DeFi enables direct peer-to-peer transactions, removing intermediaries and empowering users.

Decentralized exchanges, liquidity pools, yield farming, staking, and governance mechanisms are just a few examples of the innovative concepts introduced by DeFi. However, as with any emerging technology, it is important to remain vigilant and conduct due diligence to ensure safe participation in DeFi.

AvaTrade is a reputable platform to consider if you’re interested in cryptocurrency trading. With over 50 cryptocurrency pairs available for trading, competitive spreads, and advanced trading tools, AvaTrade provides a comprehensive trading experience. With AvaTrade, you can access the exciting world of cryptocurrency trading while benefiting from a reliable and secure trading environment. 

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What trading options does AvaTrade support?

AvaTrade supports Forex Trading, CFD trading, and crypto trading.

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NEST Protocol Martingale Network https://cryptonews.com/news/nest-protocol-martingale-network.htm Thu, 16 Mar 2023 06:39:00 +0000 https://cryptonews.com/?p=107800 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. The craze of […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

The craze of decentralized finance is raging. Although the cryptocurrency world can be overwhelming for people who have just started their decentralized trading journey, the returns it offers urge them to take chances even with the new technology.

To make investing and trading these currencies user-friendly and easily understandable, several decentralized platforms are emerging, taking advantage of the rising crypto fever.

These platforms provide an interface to crypto users and are an educational resource that makes the cryptocurrency world more accessible for beginners. 

One such easy-to-use network is NEST. This article will explain the NEST platform’s solutions to crypto users facing volatile market conditions with a safe and trusted mechanism.

Let’s begin!

What is the NEST Protocol?

The NEST protocol is a decentralized trading infrastructure called the martingale network. It leverages smart contracts to eliminate the top crypto market makers, providing traders infinite liquidity to their funds through a risk-sharing concept.

It is utilized for various purposes, including decentralized contract exchanges, financial supermarkets, on-chain and off-chain risk hedging, lottery platforms, GameFi, metaverse, and prop synthesis.

The platform has its token, NEST, issued on the Ethereum ERC20 protocol with a total value of 1500 integers. The total supply of NEST tokens is ten billion.

The NEST network has achieved a significant number of followers on major social media platforms, including TikTok (1.1 Million), Twitter (948.1 K), and Telegram (114 K).

Besides being popular on social media channels, NEST has also been launched on dozens of exchanges, including Coinbase, and has partnerships with 100+ project owners and institutions.

What is Martingale Trading?

A Martingale trade is where the cost you pay to buy the asset at the current time is equal to the mathematical expectation of the asset at subsequent points in time.

The martingale function automatically raises the cost of the majority of positions. It compensates for the minority of positions to ensure the overall fairness of the transaction, which reduces the net exposure of the system to a certain extent.

It ensures that the system is not exposed to more risk than it can bear by limiting its maximum position.

Challenges Of Current Decentralized Exchanges

Here are the risks and problems involved with existing decentralized exchanges:

  • Restricted cross-channel transaction: One of the significant problems of decentralized platforms is the need for more provision for cross-chain transactions. It also proves to be one of the critical reasons for the slow adoption.
  • Dormancy of order management: Existing decentralized exchanges have been doomed to a great extent due to the restricted generation of volumes due to inefficiencies in the design. This also tends to create a high cost for the market makers. They spend a steep cost on gas every time an order is posted, modified, or canceled.
  • Low liquidity and limited transaction volumes: The cryptocurrencies displayed on decentralized platforms have a low liquidity problem. It also generates problems in the liquidity pool system, causing liability and inflationary pressure on the whole system.

How Does NEST Martingale Solve These Problems?

Here is how NEST Martingale can help you solve problems of existing decentralized exchanges:

  • NEST Martingale allows derivative trading by eliminating the need for market makers or liquidity pools.
  • This network provides an unlimited supply of financial products using smart contracts, the largest seller in the entire system. You can quickly burn your NEST tokens to buy a wide range of financial products on the Martingale network.
  • NEST Martingale network solves the problem of coordinating with intermediaries by eliminating added costs and delays. All the data is collected and gathered anonymously, and companies don’t need to contact a third party, which saves time and money.
  • NEST Martingale network is one of the top cost-effective decentralized trading platforms that achieve 100% of the transaction fee as a rebate for referred trades. The NEST platform doesn’t have any custody cost, no technical cost, no liquidity cost, and no interest cost.
  • The risk is managed significantly using the NEST martingale network as it automatically increases the cost of the majority of positions and redresses the minority. This ensures the transaction’s impartiality, reducing the overall system’s net exposure to a great extent.

Final Thoughts 

Compared to other decentralized platforms, NEST has a relatively high supply of tokens, making it an impressive and inviting network for beginners and established traders. Another intriguing factor of the network that makes it a must-choice is the reliable data it offers.

With its innovative and upgraded technology, NEST promises to increase the likelihood of mass blockchain adoption with an accurate and secure system for all traders and investors. Its future also holds the possibility of 1000+ trading users daily.

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PrimeXBT: the safe bet platform for trading during the bear market https://cryptonews.com/news/primexbt-safe-bet-platform-for-trading-during-bear-market.htm Thu, 09 Feb 2023 17:17:00 +0000 https://cryptonews.com/?p=104517 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. Since its inception […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

Since its inception in 2018, the PrimeXBT platform has established itself in the trading world (with an impressive daily trading volume of over $1 billion). For its many international users, it has become a must-have all-in-one platform on which it is very simple to access different global markets, including crypto-currencies, Forex, commodities, and indices, and all that from a single account. More than 100 assets are available on PrimeXBT.

PrimeXBT’s ease of use, combined with its extensive product offering, makes it one of the best places to trade and diversify your portfolio at the same time.

Margin trading: access to all markets

Among PrimeXBT’s many assets, there is, of course, the margin trading that allows the platform’s users to access traditional assets as well as major cryptocurrencies in the easiest way possible. 

This simplified access to many assets is a way to build a diversified portfolio while carrying out all your transactions “under one roof.” Bitcoin, Ether, Litecoin, XRP, S&P 500, FTSE100, NASDAQ, Forex, gold, natural gas, silver, or oil, so many assets are just a click away. Remember that diversification of assets is the safest way to reduce risk.

Very low fees

Another undeniable advantage in a difficult crypto winter context is the fees. Note that PrimeXBT is completely transparent when it comes to the fees in effect, which are among the lowest in the market. 

Transaction fees are applied every time you buy or sell assets in the market (i.e. every time you open and close a position). The current fees on margin trading accounts are as follows:

  • 0.05% for cryptocurrencies;
  • 0% for currencies, indices and commodities.

Copy-trading: the ideal tool for beginners

Amateur traders, who may legitimately be confused when they enter the world of trading, will undoubtedly appreciate the Covesting Copy-trading module that will allow them to browse hundreds of trading strategies established by experienced traders and automatically copy them, guaranteeing them to achieve the same returns as the professionals followed.

A free trading academy

We can’t stress enough how important it is to understand and be well-informed about cryptocurrencies and trading. (Knowledge is Power). 

PrimeXBT had the good idea to create the PrimeXBT Trading Academy. So don’t hesitate to visit this section, especially if you are new to trading! 

A promo code and good deals to save even more

When you register for the first time on PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward on your trading account in an amount equal to your deposit (up to a maximum of $7,000). More information in this article/

Special offer: get $25 free

When you make your first deposit of $100 (or more) at PrimeXBT, you receive an extra $25. This is a limited-time offer, first come, first served. Simply email us at fr@cryptonews.com with “$25 CODE” in the body of the message or in the subject line to receive your bonus code (within the limit available).

Terms & Conditions:

  • It’s $25 deposit bonus when user make deposit from $100
  • It can be used only for Margin trading (not for Covesting, Staking, etc). 
  • The bonus lasts for 30 days after it’s entered in the dashboard. After that, it’s removed from the account. 
  • Any withdrawal also removes the bonus amount from the account. The bonus amount can’t be withdrawn but it can be used for trading and you can withdraw profits from trading with this bonus.

Discover how to use the bonus and how to activate the code that will be forwarded to you.

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OptionBlitz Leverages Ethereum Layer 2 Protocol Arbitrum to Pioneer Zero-Day Options & Social Trading Platform https://cryptonews.com/news/optionblitz-leverages-ethereum-layer-2-protocol-arbitrum-to-pioneer-zero-day-options-social-trading-platform.htm Tue, 07 Feb 2023 17:02:00 +0000 https://cryptonews.com/?p=104291 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. London, UK — […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

London, UK — In January 2023, decentralized options and social trading platform OptionBlitz, launched its community networks. The platform is now poised for a February deployment into Ethereum Layer protocol Arbitrum, to offer unique trading options like ‘zero-day’, and ‘Turbo’. OptionBlitz will also run a 2-stage (BLX) token presale from February 28th to March 28th, 2023.

What is OptionBlitz?

OptionBlitz is a decentralized, enterprise-grade options and social trading platform – powered by Ethereum Layer 2 protocol, Arbitrum. The Arbitrum Protocol underpins all of the platform’s trading options including Zero-day, Barrier, American/European options, and the world’s first DeFi Perpetual option, known as ‘Turbo’.

Zero-day Options and More

The OptionBlitz platform offers a multitude of cutting-edge trading options, unique features, and over 22 different trading pairs. Zero-day options are one of the fastest-growing trends in the financial markets and one of the pillars of the OptionBlitz platform. Zero-day options expire the same day that they are purchased, allowing traders to take advantage of ultra short-term trades, which they can enter & exit almost instantaneously. 

The OptionBlitz platform also features various American & European options with maturities from 24h down to as low as 10 seconds, allowing for highly-customizable trading control. The liquidity Provider program is another great feature that offers traders excellent returns, boosted by up to +50% when USDC capital is staked with the platform’s native BLX token.

What About Perpetual Turbo?

OptionBlitz is currently the only platform that offers Perpetual Turbo Options. Turbos are an exciting new form of derivative which are like a cross between a perpetual futures contract and an option. Instead of paying margin, the trader pays an initial outlay depending on the leverage selected. Turbos have different characteristics to other perpetuals, including:

  • 1:200 Leverage
  • No Margin
  • No expiration
  • Fixed 0.1% TX Fee
  • 0% Slippage 

No margin means no margin calls, so highly volatile markets can be supported even with high leverage. A Turbo is liquidated by the risk engine if its barrier level is touched, the barrier level is set according to the leverage selected and it moves according to a funding rate mechanism. 

Social Trading & BLX Token Economy

OptionBlitz has integrated numerous features to promote community growth through social trading. The platform uses a Web 3.0-enabled in-app chat, deep social sentiment analytics, free trading signals, and indicators — all built around the platform’s BLX token economy and incentive model. Deep integration with affiliate networks offers traders an opportunity to build their own brand with verifiable on-chain proof of trade delivered through the OptionBlitz social hub.

More Reasons to Use OptionBlitz

Besides the unique perpetual turbo and Zero-day options, there are many other reasons to start trading on OptionBlitz. For example, the platform uses advanced risk management systems to keep liquidity secure & maintain product pricing in line with the market. 

The platform’s native BLX token also gives traders huge discounts on fees, boosts liquidity provider rewards, and unlocks exclusive features. And if that wasn’t enough, traders do not have to worry about onboarding, lengthy sign-up processes, or even KYC.

The Future of DeFi Options

OptionBlitz is intent on becoming the most popular decentralized trading platform for options, leveraged trading, and investing. The platform is already on the way to achieving this and is soon to introduce decentralized managed funds and robo funds to supercharge their trading community.

OptionBlitz will also bring unique, freely transferable, unrestricted, tokenized stocks to the blockchain and turn the platform into a fully featured investment hub. It will also Integrate with other DeFi partners committed to a transparent, open, and censorship-resistant future. 

BLX Token Sale

OptionBlitz is launching a two-stage BLX token presale from 28th February to 28th of March 2023. The token pricing for stage one is 0.1 USDC/BLX. Pricing for stage two will start at 0.1 USDC/BLX, rising to 0.41 USDC/BLX should the sale sell out.

The BLX Token has been audited by award-winning company Shellboxes and will initially launch on Uniswap. The company has also established agreements in principle that will see the BLX token listed on Bitmart, Lbank and Probit exchanges respectively. 

OptionBlitz Socials

Twitter | Telegram | Medium | Discord | Reddit

 

Media Contact Details

Contact Name: Artemis

Contact Email: info@optionblitz.co 

OptionBlitz is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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First Exchange with a Cold Wallet Welcomes Newcomers https://cryptonews.com/news/first-exchange-with-cold-wallet-welcomes-newcomers.htm Thu, 02 Feb 2023 08:53:00 +0000 https://cryptonews.com/?p=103535 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. The cryptocurrency market […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

The cryptocurrency market is experiencing a new phase of growth. After a crypto winter that lasted more than a year, the quotes of the main cryptocurrencies soared. A huge wave of new cryptocurrency supporters will soon cover the market. Most of them want to quickly enter the market to take advantage of financial innovations, invest and earn successfully, and at the same time minimize risks. Until recently, this was impossible, because experience comes from mistakes and losses, and successful trading on the exchange requires a long-term education. The world of crypto can be overwhelming and complicated for those who are just starting out. They need not only a user-friendly interface but also comprehensive educational resources that make the world of cryptocurrency more accessible and less intimidating to beginners. And most importantly, what they need is a way not to lose all their funds by the very first mistake. For a long time, no one could provide such a service. But now the CryptoUnity platform comes. With it, everything could be changed. A new startup with its own CUT token allows beginners to quickly become full participants of the crypto community, start trading quickly and successfully on the exchange, and at the same time, due to the cold storage, they can minimize their risks and not lose their assets even if something is wrong with the exchange.

Cool cold wallet

Even the most secure exchanges get hacked from time to time. We regularly hear about this in the news from the cryptocurrency market. When hackers break into an exchange, the users usually lose all their funds placed on their exchange accounts. And even reliable and convenient online wallets cannot guarantee the complete safety of funds. There is only one way to store digital assets securely, and that is with a cold wallet. A cold wallet is not connected to the internet and therefore stands a far lesser risk of being compromised. In other words, this is an offline wallet or a hardware wallet. A cold wallet is the only way of holding cryptocurrency offline to prevent hackers from being able to access the owner’s holdings via traditional internet-hacking means. And more: even if you lose your cold wallet, but still have your seed phrase, you can get another hardware wallet and access your assets.

Most often, a cold wallet looks like a flash drive and is connected to a computer via a USB port. But there is a more convenient version of a cold wallet, that looks like a traditional bank card and accesses the Internet using NFC. Such a cold wallet provides the full functionality of a hardware wallet while remaining very convenient to use. And this is exactly what the new generation of users is accustomed to. The card with NFC can be easily carried with you wherever you go, allowing for quick and secure access to your funds at any time. This combination of beginner-friendliness and top-level security makes the CryptoUnity platform the go-to destination for anyone looking to get involved in the world of cryptocurrency.

Trust and transparency

It is known that the crypto finance system built on the blockchain provides a trustless solution. But you still have to trust the solution providers. CryptoUnity successfully completed several audits including QuillAudits in September 2022 and an audit by CertiK in November 2022. While undergoing a due diligence audit with CertiK, the CryptoUnity team also received a KYC Golden badge, demonstrating the highest level of transparency and trust. The combination of user-friendly interface and security provided by cold wallet was highly appreciated by the Auditor. At the end of the year, CertiK published a shortlist of recently evaluated 5 new cryptocurrency projects and evaluated them on their trust scores. The CryptoUnity’s trust score put it in the top rate of all projects, per the security audit. With a trust score of 89, the cryptocurrency exchange platform comes in first.

What next?

The newbie-oriented project provides two main user needs: security and education. They are complemented by an original and effective affiliate program – BAPP (Blockchain Affiliate Partner Program), which solves three problems at once: provides an influx of new users; builds trust in the community; and allows users to access additional passive income, where they can earn up to 10% of the value from transactions made by their followers using their code. . Further development of the project, according to the team, will be based on the feedback from their users. This means that CryptoUnity will continue to be able to meet the needs of both experienced and new users who will, like a wave, come to the cryptocurrency market due to its revival.

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The first Kalima Blockchain Developer Airdrop 2023 is ready to kick off with a $100,000 Prize Pool https://cryptonews.com/news/first-kalima-blockchain-developer-airdrop-2023-ready-kick-off-with-100000-prize-pool.htm Tue, 10 Jan 2023 07:26:00 +0000 https://cryptonews.com/?p=100659 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. Kalima Blockchain is […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

Kalima Blockchain is launching a Developer Airdrop in order to accelerate the already rapid growth of its ecosystem, by particularly targeting its developer community.  Participants will be asked to create practical decentralized applications (dApps) hosted on the Kalima Blockchain for a chance to win rewards in Kalima’s native coin, the KLX.

The developer reward token pool for the Developer Airdrop is 400 million KLX, worth €100 000. The tokens will be allocated proportionally based on the achievements of the top five (5) top participants. 

  • 1st place : €35 000 KLX
  • 2nd place : €25 000 KLX
  • 3rd place : €20 000 KLX
  • 4th place : €10 000 KLX
  • 5th place : €10 000 KLX

To participate in the Kalima developer Airdrop, participants must first fill out the registration form, which is available on the Kalima website at www.kalima.io. They will then receive all the instructions and steps to follow to participate to the competition via e-mail.

All the steps for the participation of the airdrop are detailed in this article, on the Medium page of Kalima. Kalima’s Social Media pages and communication channels will be giving the updates on the competition during and prior to it, so it is important to follow Kalima online and keep track of the updates.

This event comes about as Kalima prepares the listing of its native token, the KLX, on the BitMart Exchange on February 2nd 2023.

Participating in the inaugural Kalima Developer Airdrop

The prize aggregation makes participation worthwhile. Even though the winner has an excellent incentive, others coming in close will also be fairly rewarded for their efforts. Developers will be required to build software applications and decentralized applications (dApps) on the Kalima blockchain and test them for performance for a chance to claim the prize.

These protocols must be consistent with the overall goals of the Developer Airdrop. Developers will be able to build embedded blockchain projects or multichain projects using Kalima as the second layer for Tezos or the Lightning Network. Builders can, for example, create smart rewarding systems for indoor air quality or systems aligned with sustainability practices such as carbon measurement, tracking, and credentialing.

Participants may choose from the following topics to base their projects:

  • Embedded blockchain project
  • Multichain using Kalima as second layer for Tezos or Lightning Network
  • Gaming
  • Micro Payments
  • Smart rewarding systems (e.g., Indoor air quality Smart Rewarding)
  • Auditable Data (i.e., carbon tracking)
  • Physical NFTs

Building the Kalima Blockchain Community

As a low-cost, high-speed, and scalable rival to other Enterprise Blockchain projects, Kalima provides unmatched modularity and independence in the race to become the ultimate Blockchain for IoT (BIoT) network. Both beginners and developers with smart contract experience benefit from its high degree of composability, as the Kalima API is available in many programming languages.

Whether it is for businesses as a whole, or for builders wanting to benefit from the Kalima Network, building dApps and on the ecosystem will be a natural process, which will be supported by the Kalima foundation. Kalima has a close support system available for enterprise adopting Kalima Blockchain, with a formation time and program that has been proved to be one of the most efficient in the industry.

Furthermore, throughout the years the Kalima foundation will host a number of hackathons and developer airdrops to assist developers in honing their skills, starting with the inaugural Kalima Developer Airdrop. These may take place online, or physically in one of the three regions Kalima is operating in : Europe, the U.S.A. and the U.A.E..

Kalima has also allocated an important amount of tokens for its planned developer grant program, in which in-house and external developers will be rewarded handsomely for adopting the Kalima Network and creating dApps on it, either for their own programs, or for third parties. This program is set to be launched for the seven years following the Kalima listing on the Bitmart Exchange on February 2nd 2023.

Finally, the Kalima foundation will incentivize the deployment of PrivaChains in its initial stage, by rewarding the first one thousand PrivaChain owners, in ten rounds, on a first-come-first-served basis. About 20 billion KLX have been put aside for this incentive program, with the rewarding set in a descending order, meaning the 10 first owners will earn more than the following volley of owners and so on. 

About Kalima

Kalima, a layer 1 third-generation blockchain, is a rapidly expanding ecosystem that will enable enterprises, developers, and startups to build the future of Web3 Enterprise and Data Governance applications, specifically with IoT (Internet of Things) data, to solve real-world problems. 

Users can independently govern, manage, and monetize data using Kalima’s decentralized network of permissioned blockchains (PrivaChains), as well as create tokens for smart-rewarding systems.

Kalima is a modular concept which allows developers to create decentralized applications (dApps) that are hosted on PrivaChains. Kalima was designed for the creation of dApps, with the goal of generating new business models or improving existing ones, ranging from data notarization to decentralized finance (DeFi), tokenization (NFTs), data monetization, and industrial IoT applications (Digital Twins, Predictive Maintenance, Smart Infrastructure, and so on). 

Kalima’s blockchain is built to handle very large amounts of sensitive data generated by industries collecting data via IoT sensors and analyzing that data in real-time. The PrivaChains will be able to connect to one another as well as to other leading public chains (Tezos, Lightning, Polygon, and Cosmos hubs), boosting Kalima’s industrial adoption. 

To learn more about Kalima, be sure to check out the www.kalima.io website. Use the hashtag #KalimaAirdrop on twitter and other social medias to show the world what you have been working on.

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Data breach: Why is it a big threat for crypto traders, and how to prevent it https://cryptonews.com/news/data-breach-why-it-big-threat-for-crypto-traders-how-prevent-it.htm Fri, 23 Dec 2022 12:48:00 +0000 https://cryptonews.com/?p=98960 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. Thousands of users […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

Thousands of users fall victim to data breaches every day. That’s why now it’s more important than ever to understand what data breaches are, how they happen, and how to prevent them.

Most websites store user data in some shape or form. When they experience a data breach, controlling the spread of the compromised data becomes very difficult. The effects of a data breach can be devastating, with permanently damaged online reputation or even identity theft.

For crypto traders, a password breach might mean a substantial financial loss. That’s why it’s essential to understand more about data breaches and how to protect your passwords – and your money.

How data breaches happen 

Data breaches can occur in several ways and for many reasons. A malicious party outside the organization is typically to blame – but someone within an organization can also cause them. 

When a data breach happens within the organization, it’s often the result of an unintentional accident, human error, or infrastructural weaknesses. However, they can also be insider jobs – a data breach deliberately carried out by someone within the company.

When a data breach happens due to a malicious party targeting the organization, it’s known as a deliberate attack. These deliberate attacks may involve techniques like ransomware, phishing, social engineering tactics, SQL injection, or brute-force attacks.

Stolen credentials – the most common cause of data breaches 

Unsurprisingly, stolen or leaked credentials are most commonly responsible for data breaches.

When a password is stolen or leaked, it becomes available to unauthorized parties and can be used to access various personal or business accounts. Cybercriminals can steal passwords in several ways, including keylogger programs, phishing, social engineering, brute-force attacks, and, sometimes, simply guesswork.

A stolen password can have severe consequences for users and organizations, exposing accounts to cybercriminals and potentially causing significant financial losses.

The biggest data breaches of 2022 

This year has seen many major data breaches exposing the data of millions of customers. Here are some of the most significant incidents this year to date: 

  • January 17, 2022: Hackers broke into almost 500 crypto traders’ wallets on crypto.com and stole $18 million in bitcoin and $15 million in Ethereum.
  • March 21, 2022: The Lapsus$ hacker group breached the authentication company Okta, affecting 2.5% of the company’s customers.
  • March 23, 2022: Cybercriminals successfully stole $625 million in cryptocurrency from the makers of Axie Infinity.
  • July 21, 2022: Hackers breached the data of approximately 5.4 million Twitter users and put it on sale with their phone numbers and email addresses.

How can cybercriminals use stolen data?

Hackers can use stolen data in many ways, some of which are worse than others. What criminals do with stolen data largely depends on whether it’s business or personal.

Personal information

  • Sell it for profit. Cybercriminals may put stolen data up for sale on the dark web. According to Experian, criminals can sell data for anywhere between $1 to $2,000.
  • Steal money or commit financial fraud. Stolen data may give attackers access to bank or investment accounts – a relatively easy way to steal the user’s money.
  • Commit identity theft. Hackers may use stolen data to open new credit cards or file a tax return under the victim’s identity.
  • Cause damage on social media. Cybercriminals may also use stolen data to access the victim’s social media accounts. They may share posts as the victim or contact their friends and followers to ask for money.

In most cases, the victim will have to jump through hoops to restore their life to how it used to be, including contacting the authorities, changing all login credentials, and notifying family and friends.

Corporate information

Stolen corporate information can have a devastating effect on an organization’s reputation too.

When a significant data breach occurs, users may lose trust in an organization and its ability to handle their information securely. This loss of confidence can seriously impact the business long-term, causing irreversible reputation damage.

Of course, stolen corporate information may also lead to major financial losses, like in the cases of the data breaches listed above. Overall, data breaches pose serious risks – whether at an individual or corporate level.

How to prevent a data breach

Individuals and organizations can prevent data breaches in various ways, including:

  • Keeping software up to date.
  • Being mindful of phishing attacks.
  • Shredding documents with personal or financial information.
  • Only using secure websites.
  • Checking credit reports.

However, since most data breaches happen due to weak or stolen passwords, let’s look at how to improve your passwords.

Improve your password security

Password security is vital in data breach prevention. Strong passwords are much harder to crack and will be more effective in keeping your accounts safe. Here are some tips for password security:

  • Create unique passwords that are at least 12 characters long.
  • Use lower and uppercase letters and a combination of letters and numbers.
  • Include at least one special character. The longer and more complex your password is, the harder it becomes for hackers to guess or crack it.
  • Keep your passwords safe. Using a reliable password manager could help you always create strong, uncrackable passwords and store them in a secure, encrypted place. Password managers can help avoid human errors and make your accounts more secure.

Data breach prevention tips for crypto wallets 

With crypto trading becoming more popular, crypto-related data breaches are increasing too. Protect your crypto wallets with strong passwords as your first line of defense. Here are some tips for keeping your crypto wallets safe:

  • Create complex passwords. Malicious tools for brute force attacks and password guessing are easily accessible to hackers. If your passwords aren’t strong enough, hackers may be able to break into your crypto trading account and empty your wallet. 
  • Use unique passwords. Don’t use the same password on several accounts. Unique passwords are also essential because of the risk of third-party data breaches. One email account could compromise all shared passwords if it suffers a breach.
  • Use a password manager. Remember your complex and strong passwords with a password manager. These helpful cybersecurity tools let you store, autofill, and save as many strong passwords as you want. Your passwords are easily accessible on any device – but only to you.

About NordPass

NordPass is a highly rated password manager created by Nord Security – a global company specializing in personal and business cybersecurity solutions.

NordPass allows users to store, autosave, and autofill unique, complex passwords to secure their online accounts. Users can also store credit card information, notes, and other sensitive information they want to keep securely. 

The NordPass Premium subscription comes with a handy Password Health tool that detects weak, old, and reused passwords on your accounts. NordPass also has a built-in Data Breach Scanner to check if your passwords, email addresses, or credit card details have been leaked so that you can protect them immediately.  

NordPass operates under zero-knowledge architecture, meaning that only you know what you keep in your secure password vault. All your passwords and sensitive information stored in NordPass are protected with XChaCha20 encryption for advanced security.

Special Deal: NordVPN’s 2-year and 1-year Standard, Plus, and Complete plans come with 3 months free!

The post Data breach: Why is it a big threat for crypto traders, and how to prevent it appeared first on Cryptonews.

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Light Up the Xmas Tree With 1xBit and Win this Christmas https://cryptonews.com/news/light-up-xmas-tree-with-1xbit-win-christmas.htm Tue, 20 Dec 2022 13:36:00 +0000 https://cryptonews.com/?p=98605 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. Press Release: 1xBit […]

The post Light Up the Xmas Tree With 1xBit and Win this Christmas appeared first on Cryptonews.

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

Press Release: 1xBit Casino celebrates the festive season with The Xmas Toy Adventure, with great Bitcoin prizes & many chances to get lucky over Christmas.

December 20 2022, Limassol, Cyprus — The holiday season is finally here, and it’s the most beautiful time of the year. It’s time to show your loved ones how much you care for them and what they mean to you. But Christmas is also about festive meals, giving and receiving presents, and spending time doing what you love the most.

That’s why 1xBit has prepared something extraordinary to bring joy to players from all over the world. It’s a magical tournament of celebrations, kindness, love, and hope. Everyone is invited to The Xmas Toys’ Adventure.

What Is The Xmas Toys’ Adventure?

The Xmas Toys’ Adventure is a joyous slot tournament organized by 1xBit for this holiday season. Players are invited to take a look at the colorful presents cleverly placed under the Christmas tree and take one for themselves.

It’s a splendid occasion to share gifts with the valuable community, and 1xBit is waiting for you. 

How to Take Part in the Xmas Toys’ Adventure? 

Grab a cup of hot chocolate and get cozy because Santa’s sled has arrived bearing gifts. Log in to your 1xBit account or create a new one if this is your first time playing at this casino. You came at the right time.

The rules for the Xmas Toys’ Adventure are easy to remember. Play slot games from any of the dozens of providers available on 1xBit and collect points. It doesn’t get easier than that. 1xBit has partnered with the best game creators in the industry to ensure a high standard and security of all hosted slots. The promotional period begins on 20 December 2022 and ends on 12 January 2023. 

Prizes

The prize fund amounts to 600 mBTC. Since this is a happy and special occasion, there will be many winners! 1xBit will reward 25 top-ranked players with Bitcoin as follows:

  • 1st place – 130 mBTC
  • 2nd place – 80 mBTC
  • 3rd place – 65 mBTC
  • 4th place – 50 mBTC
  • 5th place – 40 mBTC
  • 6th place – 25 mBTC
  • 7-10th place – 20 mBTC
  • 11-12th place – 15 mBTC
  • 13-19th place – 10 mBTC
  • 20-25th place – 5 mBTC 

What Is the Difference Between 1xBit And Other Crypto Casinos?

1xBit is the best option for casino and sportsbook enthusiasts online. The site offers thousands of sports events, slots, live dealer and table games, online poker, and more every day. The registration process is anonymous and requires only an email address and a password to create an account. 

All deposits and withdrawals are processed instantly and free of charge. 1xBit has no hidden fees! There are a multitude of wagering options and support for +40 cryptocurrencies. Fans of casino games can enjoy regular slot tournaments with cash prizes featuring top gaming providers. A big Welcome Bonus of up to 7 BTC is available to all new players who sign up. The offer is available for the first four deposits to 1xBit.

The year is coming to an end, and it’s time to collect some prizes with the Xmas Toys’ Adventure! 

1xBit Socials
Blog | Twitter | Telegram | Instagram | YouTube 

Media Contact Details
Contact Name: Anastasia Semenova
Contact Email: marketing@1x-bit.com  

1xBit is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

The post Light Up the Xmas Tree With 1xBit and Win this Christmas appeared first on Cryptonews.

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Staying SAFU: 5 rules for strong passwords https://cryptonews.com/news/staying-safu-5-rules-for-strong-passwords.htm Fri, 16 Dec 2022 11:52:00 +0000 https://cryptonews.com/?p=98251 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. “Crypto” comes from […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

“Crypto” comes from the word “cryptography,” and anything touched by encryption must be safe by default. Right?

Wrong. Cryptocurrency may be unbreakable, but crypto wallets don’t enjoy the same luxury. Whether you keep your coins on an exchange or in a non-custodial wallet, you’re relying on mundane security measures to keep your assets safe. If they’re not up to snuff, your journey to the moon only has one end — not your keys, not your coins.

Your crypto wallet’s security starts with a strong password. In this article, we’ll teach you how to create a strong password for your coins by following six simple rules.

1. Never reuse passwords

Every website wants you to make an account, and every account needs a password. Pretty soon, the amount of credentials becomes overwhelming, and you might be tempted to downsize a bit. Why not simply create a single super strong password for all your accounts?  

Resist the temptation. If you reuse passwords, you’re putting all your eggs in one basket. A single data leak from a vulnerable website can put your entire digital kingdom in jeopardy. Once hackers have their hands on a set of credentials, they’ll run the username/password combo through email services, social media, and — you guessed it — crypto wallets.

And do you really want to risk thousands of dollars in crypto for easier access to Facebook?

2. Simple is bad 

So if every account must have a unique password, why not keep things simple? It’s much easier to remember multiple passwords if they’re composed of common words, use popular phrases, or reference anything personal.

Trouble is, if your password is easy to remember, there’s a good chance it’s also easy to guess. The first thing hackers will try on your crypto wallet is a dictionary attack — they’ll get a supercomputer to throw popular names, words, and phrases at the account by the thousand to see if anything sticks. Faced with this onslaught, a simple password will fold in milliseconds.

The same goes for personal information. Don’t make passwords out of pet names, important dates, or in-jokes — this information is not as private as you think. To crack open your crypto wallet, hackers will thoroughly investigate your social media profiles, forum posts, and even government registries for hints.  

To protect your crypto assets, take a page from cryptography. Just like encrypted data, the best passwords look like complete gibberish created by rolling your face on the keyboard. Create your password out of random characters for the best results.

3. Special is good

Alright, so it has to be unique and random. But can we at least keep to the bottom half of the keyboard? Surely that’s enough randomness to foil any hacking attempt. 

Oh, sweet summer child. Your crypto is a juicy prize, so if the dictionary attack fails, hackers will move on to the next phase — simple, raw brute force. They will pry your crypto wallet open one symbol at a time. 

Let’s put things into perspective. An eight character password only composed of lowercase letters has almost 209 billion combinations. That’s more possible passwords than a human being would be able to guess in a lifetime — but a computer running optimized brute force algorithms would be able to crack it in less than a second.

By adding more character possibilities to the mix, you increase the time it takes to brute force your crypto wallet exponentially. With uppercase letters, numbers, and special symbols, the same eight character password goes from folding in milliseconds to holding out for hours against sustained assault.

4. The more, the merrier

Just like the average Reddit post, your password is now full of random capitalization, misplaced symbols, and unsubstantiated numbers. But unless you want the difference between “funds are SAFU” and “SFYL” to be one all-nighter, you need to think bigger.

Specifically, you need a bigger password. 

It all comes down to the number of possible combinations. In our previous example, the eight character password with lowercase and uppercase letters, numbers, and special symbols would last about eight hours against a high-power offline cracking computer. But add just one more character, and the time until your crypto wallet is compromised jumps to three weeks.

Really strong passwords consist of at least twelve characters — with this many possible combinations, even supercomputers would need an average of 34,000 years to penetrate your account. And by that time, your coins will have safely shot to the moon.

5. Just use a password manager 

At this point, you might be wondering how to keep this random mishmash in your head, much less use daily to check on your funds. That’s the best part — you don’t need to.

There’s a much easier way to get strong passwords for any account, including your crypto wallet.

NordPass is a free password manager from Nord Security, the creators of NordVPN. The free app lets you generate, save, and automatically fill in strong passwords on the fly, keep sensitive notes, and store credit card details. All your credentials will be safely stored in your private NordPass vault, protected by unbreakable xChaCha20 encryption.

And best of all? As a crypto enthusiast, you’ll love the fact that NordPass runs on zero-knowledge architecture — in other words, not even NordPass technicians know what you keep in your vault. No peeking!

 

Special Deal: NordVPN’s 2-year and 1-year Standard, Plus, and Complete plans come with 3 months free!

The post Staying SAFU: 5 rules for strong passwords appeared first on Cryptonews.

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Threat Protection: a lightweight antivirus solution and ad blocker from NordVPN https://cryptonews.com/news/threat-protection-lightweight-antivirus-solution-ad-blocker-from-nordvpn.htm Mon, 12 Dec 2022 13:22:00 +0000 https://cryptonews.com/?p=97681 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. You know you […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

You know you should click carefully while browsing the more unsavory side of the internet. But sometimes, even the most careful of us tend to forget that. Besides, having to always be on your guard can get exhausting fast. So wouldn’t it be great if there was a tool that would guard your back online at all times? Not just sound the alarm once your device is infected, but to prevent malicious software from getting on it in the first place? Luckily, there is one!

NordVPN’s Threat Protection

NordVPN is a leader in the cybersecurity software market. And while its main purpose is to encrypt and reroute your connection, in the spring of 2022, NordVPN released Threat Protection. It was introduced as an additional free NordVPN feature, a lightweight malware protection solution.

Today, it’s a standalone desktop application designed for people who don’t need or want to use a VPN but would still like a hassle-free way to protect their devices from various online threats. Threat Protection is an all-in-one solution for scanning your downloading files for malware, blocking trackers and malicious websites, and stopping intrusive and annoying ads.

How does it differ from regular antivirus software? Aside from the extra features like blocking ads and trackers, Threat Protection prevents malware from getting on your device rather than notifying you after it’s already infected. Threat Protection does not offer local file scanning like traditional antiviruses. Instead, it scans the files you’re downloading and deletes the infected ones before they can land on your device. Another big advantage over traditional security software is how lightweight Threat Protection is. It works silently as a VPN in the background without slowing down your computer.

Threat Protection’s features

Users get four main functions with Threat Protection: scanning downloading files for malware, blocking ads, blocking trackers, and preventing you from landing on malicious websites.

Scanning files for malware

Whenever you download a file through your browser, Threat Protection will scan it for malware. If the file is deemed likely to infect your device, it is deleted immediately before it can do any harm. You will find two different settings for malware scanning:

1. Regular file scanning

This method of detecting malware in a regular file relies on comparing the file’s unique digital signature against a database of known malware. You can’t open or use the file in any way while Threat Protection is scanning it, but the scan takes no time at all, and you’re unlikely to even notice it. This feature works with all file types that can be malicious.

2. Deep file scans for malware detection

This method involves sandboxing and is behavior based. Deep file scans are designed for software — if you’re not sure it is safe, choose this option in the settings menu, and the file will be uploaded to the cloud and executed in a safe environment. Threat Protection analyzes how the software acts once executed and, according to that information, determines whether it is malicious. This feature only works for executable files — your pictures, videos, or documents will not be uploaded to the cloud.

Blocking ads

With the era of ad-blocking browser extensions coming to an end, this Threat Protection feature is likely to become a favorite among internet users.

Blocking intrusive and annoying ads makes your browsing faster, smoother, and safer. Once you enable ad blocking in Threat Protection settings, it will work on all popular browsers and block ads even while you’re browsing in private/incognito mode.

Stopping trackers

The internet we are used to would be impossible without tracking cookies. They ensure that when you close an online shop’s tab and open it back up a moment later, your shopping bag still has the items you put in it. They also allow you to stay logged in to your email account for days and weeks without the need to re-enter your password every time.

Unfortunately, the same technology can be used to track your actions online. Third-party trackers constantly follow you around as you browse, collecting data about your digital habits. This information includes your device and browser type, IP address, location, browsing history, how you interact with different web elements, and for how long. This might not sound like much, but experienced data analysts can use this information to accurately determine your age, gender, marital status, religious and political views, income, spending habits, and other characteristics.

Personal data like the above is often used to serve highly targeted, intrusive ads. Threat Protection blocks these trackers so that they can’t follow you around and analyze your browsing habits.

Blocking malicious websites

Desperate times call for desperate measures — like clicking on an unknown website on the fifth page of Google’s results because maybe this one will have that toy your niece wants for her birthday. Unfortunately, you being desperate is exactly what cybercriminals are counting on. Once you’re on their website, they will try to steal your data or make you download malware to your device.

Threat Protection is here to block your access to these websites. It scans the URLs you’re about to visit and prevents you from landing on a website if it is found to be fake or hosting malicious software. Instead, you will see a warning screen. And while you can still visit the website, it is not recommended.

Bottom line

Threat Protection is available for Windows and macOS computers, and you can get a monthly or yearly subscription — it’s a bargain at just a few dollars per month. Get it today and browse in confidence, knowing that Threat Protection is actively guarding your devices against various online threats.

Special Deal: NordVPN’s 2-year and 1-year Standard, Plus, and Complete plans come with 3 months free!

The post Threat Protection: a lightweight antivirus solution and ad blocker from NordVPN appeared first on Cryptonews.

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Sink Your Teeth Into Orange Comet’s AMC’s ‘Interview with the Vampire’ NFTs https://cryptonews.com/news/sink-teeth-into-orange-comets-amcs-interview-with-vampire-nfts.htm Tue, 06 Dec 2022 13:23:00 +0000 https://cryptonews.com/?p=97110 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. There will definitely […]

The post Sink Your Teeth Into Orange Comet’s AMC’s ‘Interview with the Vampire’ NFTs appeared first on Cryptonews.

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

There will definitely be blood on the blockchain this week. A stunningly beautiful and formidable force will crawl up from the catacombs to stake its claim in Web3 and sink its teeth into the masses. Premium Web3 entertainment company Orange Comet invites you to join the dangerously wicked, lustful, and gorgeous world of the undead, into a world filled with blood, love, lust, and a hefty dose of terror. Welcome to the Immortal Universe of Anne Rice.

The invitation to immortality and to live forever on the blockchain, you will first need to obtain an Immortal Pass. NFT super studio Orange Comet is once again partnering with the AMC network to create Anne Rice’s Interview with the Vampire NFT Collection. Minting December 8th. The Immortal Pass is your key to the exclusive NFT collection, and is based on the cult classic gothic horror novel of the same name. This project is the second collaboration between Orange Comet and AMC (their other NFT collection is based on cult phenomenon TV series “The Walking Dead.”)

The Immortal Pass

The Immortal Pass is your ticket to a dark, rich fantastical virtual collect-to-earn Universe where you will embark on a frightening and thrilling journey. The three different pass rarities—Legendary, Rare, and Common—will be revealed a couple of weeks after December 8th (the mint date).

With each Rarity, you will receive a future Avatar(s) airdropped into your wallet:

  1. LEGENDARY (10%)-Legendary Immortal Pass holder will receive three (3) Vampire Avatars.
  2. RARE (20%)-Rare Immortal Pass holder will receive two (2) Vampire Avatars.
  3. COMMON (70%)-Common Immortal Pass holder will receive one (1) Vampire Avatar.

This pass will give collectors a feel of the action from six feet under and up, digging up new and exciting content throughout the epic journey.

Besides granting immortality on the blockchain, the Immortal Pass also provides members-only benefits, which include access to:

  • The Immortal Universe where you can Collect-2-Earn
  • Real World Experiences, including trips to VIP vampire tours in New Orleans, Dubai and other Interview with the Vampire key filming locations, vampire events, etc.
  • Autographed Collectibles and Merch
  • Lower Mint Price on Interview with the Vampire NFTs
  • Exclusive Limited Editions of Interview with the Vampire Mints

Each Immortal Pass will reveal a living work of art, including a creepy coffin that creeks open after dusk and closes before dawn, based on your current location. If you’re lucky, you may even witness the opening of your coffin.

The collection is limited to 3,333 Immortal Passes so don’t sleep on this one! The mint will take place on OpenSea on Thursday, December 8 and will be available to purchase with ETH (who knows…maybe even BLOOD).

About Orange Comet

Orange Comet is a premiere Web3 entertainment company whose single focus is to tell stories through making stuff that truly matters. Led by an impressively talented team of well known and experienced media creators, producers, and artists, they have deep media expertise and industry-leading creative technologists.

Orange Comet was co-founded by veteran producer Dave Broome, Grammy award-winning recording team Gloria and Emilio Estefan, and NFL Hall of Famer Kurt Warner. Together with the staff at Orange Comet, they are a dedicated and passionate group who firmly believes the Blockchain is the next frontier in the future of entertainment and media.

Orange Comet has collaborated with some of the most recognizable brands and artists on the planet, including world renowned actor Sir Anthony Hopkins. The Web3 company aims to create groundbreaking NFT experiences to build communities with passionate fanbases, top notch creative content & storytelling, interactive technology and outstanding utility. 

On the Interview with the Vampire project, Orange Comet CEO Dave Broome said, “AMC has created universes full of vivid imagery, memorable characters, and a vast scope that feeds into the intensive and thoughtful creative process at Orange Comet, allowing us to continue crafting the best-in-class digital experiences that will surely keep audiences engaged with the franchises for years to come.”

Born out of dynamic design, a commitment to innovation, and proprietary technology; Orange Comet is creating unprecedented ecosystems in the world of Web3.

About AMC Networks

AMC Networks is a global entertainment company widely renowned for its popular content, with its Walking Dead series being the most popular show. The company brand also offers streaming services such as Acron TV, AMC+, Shudder, ALLBLK, SundanceTV, and the anime-dominant HIDIVE streaming service. The company also runs its in-house studio, AMC studios. AMC studios are behind the production and distribution of their most popular TV franchise, The Walking Dead, and the Anne Rice catalog.

According to Clayton Neuman, the Vice President of games at AMC, “As The Walking Dead Universe enters its exciting second chapter, and we embark on the launch of our next epic franchise with Anne Rice’s Interview with the Vampire, we’re excited to continue working with Orange Comet to deliver our viewers a world-class digital collectible experience that complements and enhances their favorite shows.”

About OpenSea

The OpenSea platform is the world’s premier digital marketplace serving crypto collectibles and NFTs. A critical part of their vision is the development of vibrant economies through open protocols such as Ethereum. They are designing tools that will allow consumers to trade their items freely.

Anne Rice’s Interview with the Vampire

AMCs’ Interview with the Vampire’ is just the beginning of what AMC dubs ‘The Immortal Universe.’ This move kicked off with AMC purchasing the rights to most of Anne Rice’s most famous works. AMC announced this back in May of 2020, with the network buying up 18 of Anne Rice’s novels 

The new series is a gothic horror and vampire series created by Rolin Jones. The series is based on Anne Rice’s novel of the same name. The Vampire Chronicles, in particular, sets the premise for this series. The series follows the story of love, blood, and the dangers of immorality. The Interview with the Vampire NFTs will end up in the development of an exciting digital destination filled with lore and monsters. Anne Rice’s sexually charged novels will set the premise for the virtual world, featuring witches, spooky events, and many supernatural activities! For more on this, keep an eye out for any releases from Orange Comet touching on this and other new projects!

The post Sink Your Teeth Into Orange Comet’s AMC’s ‘Interview with the Vampire’ NFTs appeared first on Cryptonews.

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Giveaway: PrimeXBT Gives Away $20,000 in Bitcoin, and Anyone can Participate https://cryptonews.com/news/giveaway-primexbt-gives-away-20000-bitcoin-anyone-can-participate.htm Mon, 28 Nov 2022 11:34:00 +0000 https://cryptonews.com/?p=96228 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. The PrimeXBT crypto […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

The PrimeXBT crypto exchange is known for its reliability and ease of use but also for its very active community involvement in the various operations organized by the platform. The platform has just launched a giveaway contest to reward its users who interact with PrimeXBT on social media.

Having found that “The interaction between our company and our users on social media drives the growth of the PrimeXBT community and Covesting’s peer-to-peer copy trading community,” PrimeXBT has therefore decided to thank its users with this gift of $20,000 in Bitcoin to share.

Open a free account on PrimeXBT to participate in this $20,000 giveaway

400 winners

In total, 400 lucky winners will be credited with $50 in BTC for trading. The contest is egalitarian in that all winners will be chosen entirely at random.

Note that in order to participate, you must be eligible and therefore follow all the steps and meet the mandatory criteria. Participation in this giveaway is very simple and is completed in three steps.

The three mandatory steps are as follows:

  1. Have an active PrimeXBT account. Sign up for a free PrimeXBT account here;
  2. Follow at least one of the official PrimeXBT Twitter accounts. Here is the English PrimeXBT Twitter account;
  3. Become a member of one of PrimeXBT’s Telegram groups. Here is PrimeXBT’s English Telegram group.

Duration of the competition

The $20,000 contest will run for one month. The end date has been set for December 13, 2022. After that date, PrimeXBT will begin randomly selecting the 400 users who will each receive $50 in Bitcoin deposited directly into their account.

The money received in Bitcoin can only be used for trading. Any profits made from the money received will be freely available for withdrawal.

Please note that users with multiple accounts and identical IP addresses will be automatically disqualified to ensure fairness for all participants.

Good luck to all!

Learn about the PrimeXBT platform and how to trade like a pro with PrimeXBT’s copy trading option.

Read also: PrimeXBT: generate passive income through referrals.

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PrimeXBT Offers Complete Security to Its Users https://cryptonews.com/news/primexbt-offers-complete-security-its-users.htm Sat, 12 Nov 2022 01:02:00 +0000 https://cryptonews.com/?p=94488 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. One of the […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

One of the main factors that determine the quality of a cryptocurrency exchange is undoubtedly its degree of security. Recent events have reminded us that this factor should not be compromised.

Photo: Adobe Stock

Ensuring maximum security for its users is by far the most critical aspect of any reputable trading platform. PrimeXBT has, to date, never been hacked and has a solid reputation for reliability and the way the administrators manage the security of this must-have exchange.

Cold storage, maximum security

It should be noted that the majority of bitcoins are stored on the platform’s wallet via “cold” wallets. This is called cold storage. This way of storing crypto-assets provides users with maximum security because the funds are not directly accessible from the outside but are locked offline to minimize the risk of unauthorized access. 

Furthermore, in order for PrimeXBT users to withdraw funds, a number of crypto assets are kept in a “hot” wallet or hot storage. Daily withdrawals can be made smoothly.

Moreover, transfers between the hot wallet and the cold wallet are confirmed using multiple signatures (Multisig), which is the most secure and most used way of managing this type of process in the crypto industry. This security standard contributes greatly to reducing the risk of having what is called a point of failure.

Cloudflare

In addition to the security measures mentioned above, PrimeXBT protects its users’ crypto assets with Cloudfare, a specialized solution against distributed denial-of-service (DDoS) attacks.

“Cloudflare’s anti-DDoS protection solution secures websites, applications and entire networks while ensuring that legitimate traffic is not compromised. With 172 Tbps of capacity, Cloudflare’s network blocks an average of 126 billion daily threats, including some of the largest DDoS attacks in history.”

It should also be noted that the platform’s hardware is hosted on Amazon Web Services (AWS) servers, which gives it enough capacity to run its powerful and efficient trading engine.

In concrete terms, what happens is the following: all data exchanged between the user and the platform is fully encrypted using a full SSL encryption system, making it almost impossible to intercept.

User-side security

From the user’s point of view, PrimeXBT has obviously put in place all the security standards used in the industry to ensure the best protection. Among these best practices, we obviously think about how to secure access to PrimeXBT accounts. 

We’re talking about a powerful password combination combined with 2FA authentication based on Google Authenticator (two-factor authentication). This form of authentication is a very secure method by which a user can access a computer resource (a computer, a smartphone or even a website) after presenting two distinct proofs of identity to an authentication mechanism.

Using 2FA authentication

In addition, PrimeXBT your password and privacy by hashing them using bcrypt with a “cost factor” of 12 and encrypting all other sensitive data.

Fast registration process without KYC

The security offered by Prime XBT also concerns the private life of its users. It ensures them certain confidentiality, in particular by not requiring them to pass mandatory KYC (know your customer) checks. Thus, users’ data is not linked to their names. This becomes even more important in case of hacking of the platform. Hackers would not be able to associate an account with personal identifying information such as a physical address, phone number or email address. 

Prime XBT is an unregulated exchange that does not conform to local banking restrictions.

Use of white lists

In the unlikely event that a hacker manages to gain access to a user’s account, it should be understood that their crypto funds are protected through the use of what is known as a whitelist of Bitcoin addresses. These are pre-approved BTC addresses. This prevents hackers from sending bitcoins to any of their addresses, which are not on the user’s validated whitelist.

Use of white lists

Email notification

In addition to all the measures mentioned above, PrimeXBT also allows you to control what happens to your account through email notifications when someone logs on to the account or when there are transactions.

To sum up, we can say that Prime XBT is undoubtedly one of the most secure platforms available today. Although it is not regulated, it more than makes up for this by offering its users complete security and confidentiality of their accounts.

Learn about the PrimeXBT platform and how to trade like a pro with PrimeXBT’s copy trading option.

Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit (up to a maximum of $7000). Full details here.

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CryptoMeister gives tips for choosing a trading platform for cryptocurrencies https://cryptonews.com/news/cryptomeister-gives-tips-for-choosing-trading-platform-for-cryptocurrencies.htm Fri, 04 Nov 2022 09:39:00 +0000 https://cryptonews.com/?p=93541 Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together. Cryptocurrencies have become […]

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

Cryptocurrencies have become increasingly popular and famous throughout time. Because of this, it only makes sense that now the cryptocurrency market has many different opportunities. Anyone interested in cryptocurrencies can choose from many different options, including different trading platforms. 

Of course, it’s fantastic that you can choose from many different types of platforms, but this also creates a certain champagne problem. When there are so many options, how can you choose one? This article aims to help you with this. We will introduce some of the popular trading platforms, and why people tend to choose them.

More and more ways to start investing

As we said, nowadays investors can choose from many different options. Sometimes it can be unsafe to start with a new stockbroker, luckily, it is now also possible to invest in crypto at traditional stockbrokers, which has not been a possibility for a long time. An increasing number of traditional stockbrokers have added cryptocurrencies to their selection. 

Using traditional stockbrokers is a popular option for two clear reasons. First of all, it’s very suitable for beginners. They can get all the help they might need very easily. Additionally, investors can learn also about other possibilities traditional stockbrokers have. That way they can see whether the broker has any additional investment opportunities that they would like to include in their portfolio.

Exchanges are created for cryptocurrencies

Exchanges have been an important part of the crypto world for a long time now. If you are not yet familiar with the term, Exchange means simply a platform that investors can use to change one currency to another. They can use it for changing fiat currency to crypto or vice versa.

Exchange platforms could be the most popular and famous options for crypto trading. They are an especially common choice because of how easy they are to use for crypto trading. Since they are originally created for cryptocurrencies, they also have a lot of options that investors can choose from. Not to forget that now there are many different Exchange platforms to find the most suitable and know when to cash in on the predicted prices

Pay attention to deals and promotions 

A feature, which makes both exchange sites and brokers popular is that some of them offer deals and promotions. When you are choosing the fitting platform for you, this is good to check out. You can use CryptoMeister for finding out all of the newest and most interesting deals and promotions in the cryptoworld. Just remember to check any promotional terms before claiming them. This helps you with ensuring that the promotion will be certainly fitting for you.

Cryptocurrencies are becoming more popular and common

The rising popularity of cryptocurrencies can be seen in many different things. Now even high-end fashion stores like Gucci accept cryptocurrency. Since they are becoming so common, obviously more opportunities are introduced on a steady basis. Therefore it’s likely that in the future there will be even more options, even when it comes to ways to trade cryptocurrencies.

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