Hackers have stolen digital assets worth around $160 million from crypto trading firm Wintermute, its CEO tweeted on Tuesday, the latest heist to hit a sector long plagued by cybercrime.
The theft targeted London-based Wintermute’s decentralised finance operations, Evgeny Gaevoy said in a tweet. The firm, which provides liquidity across major crypto exchanges and trading platforms, remains solvent after the hack, he added.
Decentralised finance platforms and software, which aim to provide crypto-based financial services without traditional gatekeepers such as banks, have been targeted by numerous heists in recent years. The sector is little-regulated and victims of crime rarely have recourse.
Gaevoy and Wintermute did not immediately respond to requests for comment.
Wintermute calls itself “one of the largest players” in global crypto markets. It says it manages “hundreds of millions” in assets and trades more than $5 billion a day.
Gaevoy said on Twitter “there will be a disruption in our services today and potentially for next few days,” adding that some 90 assets were hacked.
“If you are a lender to Wintermute, again, we are solvent, but if you feel safer to recall the loan, we can absolutely do that,” Gaevoy said.
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Sheridan, United States, 20th September, 2022, Chainwire
Coinshift, the leading treasury management and infrastructure platform that enables DAOs and web3 businesses to manage treasury operations securely and efficiently, is pleased to announce its native integration of Superfluid Protocol (“Superfluid”) within its V2 Dashboard is now live. Coinshift’s native integration of Superfluid allows users to create, view, manage & edit real-time money streams directly from the Coinshift dashboard, enabling them to put web3 payroll on autopilot.
As programmable and automatable second-by-second token flows, salary streams help treasury managers save hours in administrative labor and reduce complexity.
“We are thrilled to partner with Superfluid – a pioneer in real-time finance and the leading asset streaming protocol for EVM networks – to bring the utility of money streaming to DAOs and crypto-native businesses. Superfluid is a key part of our product roadmap going forward as we build out the foremost treasury management solution for crypto-native organizations, and we look forward to further incorporating Superfluid streaming throughout Coinshift’s treasury management workflows.” – Tarun Gupta, CEO of Coinshift
In addition to being able to start multiple streams in one transaction, web3 treasury managers using Coinshift to stream salaries can enjoy a variety of Coinshift’s best-in-class treasury management features (e.g., tagging and labeling transactions for seamless accounting, adding detailed notes, the ability for non-signers to create proposals). Moreover, when starting/stopping streams via Coinshift, tokens are automatically wrapped just-in-time to keep the streams running without any intervention required from the multi-sig signers.
Salary Streaming Benefits for Crypto-Native Organizations
Reduced time & cognitive effort: Salary streams only require one transaction to start, and they flow in perpetuity until you decide to stop them – drastically reducing the time and cognitive effort of manually managing payouts every month.
Scaleable, gas-efficient payouts: You can set up multiple streams in bulk (including multiple tokens) in a single transaction, and the longer you keep your streams running, the more significant your gas savings are over the long term.
Salary Streaming Benefits for Employees and Contributors
Enhanced financial flexibility: By streaming salaries with Superfluid, employees and contributors receive their income every second as opposed to bi-weekly or monthly, allowing them to spend and invest their money in DeFi as they earn it over time.
Continual reward & incentivization: By using the Perpetual Conditional Rewards token (an UMA KPI option that streams token rewards in proportion to the condition met), employees and contributors can be consistently rewarded and incentivized for achieving certain KPIs.
“Superfluid is a ubiquitous solution for web3 value transfer, and by partnering with Coinshift, we’re making it widely accessible to a diverse range of crypto-native organizations. We’re excited for DAOs, web3 businesses, and their stakeholders to experience the benefits of salary streaming — be it enhanced treasury efficiency or capital flexibility — as they focus on building radically new technologies.” – Francesco Renzi, Co-Founder and CEO of Superfluid
About Coinshift
Coinshift is the leading treasury management and infrastructure platform that enables crypto-native organizations to manage their treasury operations securely and efficiently. Built on Gnosis Safe and live on seven chains, Coinshift provides an easy-to-use solution for payout management, collaborative multi-signature transactions, and comprehensive reporting for Ethereum and Polygon, allowing users to reduce operational costs and save up to 90 percent on gas fees. Hundreds of crypto businesses, including blue-chips like Aave, Messari, and Polygon, trust Coinshift to manage over $1bn in crypto assets.
About Superfluid
Superfluid is the leading asset streaming protocol that enables Web3 native subscriptions, salaries, and rewards for DAOs and crypto-native businesses. Superfluid streams transfer value in a constant flow over time between wallets in a non-custodial and permissionless manner.
Superfluid Protocol can be used to describe cash flows and execute them automatically on-chain, over time, and in a non-interactive way. Money streams are programmable, composable, and modular, allowing developers to build custom applications on top of the protocol.
No capital is locked up, and all inflows and outflows are netted in real-time at every block without consuming any gas. Ongoing streams can be forwarded as they are received to both wallets and applications, eliminating delays and drastically increasing capital efficiency.
Contacts
Head of Marketing
- David Costello
- Coinshift
- david@multisafe.finance
- +351914156328
London, United Kingdom, 23rd September, 2022, Chainwire
Kitsumon has announced the launch of its Breeding Mainnet, showing the significant progress made by the game project since its testnet announcement back on the 14th of June 2022, and hundreds of users testing this Gameplay aspect within this period of time also, which is now available.
The Breeding Mainnet allows players the full capability to create “Hybrid Kitsus”, which are the combination of two Kitsu creature NFTs. The offspring created inherits genetic elements through Digital DNA technology, providing over 17 trillion possible outcomes.
Players can get their hands on Egg NFTs through Kitsumon’s integrated marketplace, and hatch these eggs into Kitsu NFTs through the KitsuDex . If players own Infinity Potions, they can then use those consumables to create a Hybrid Kitsu through breeding, of which can be purchased via the dedicating potion page .
The creation of Kitsus also goes on to encourage battles within the eventual MOBA, as well as more player engagement and revenue generation for users. Breeding also promotes ‘Bloodline Royalties’, which is a royalty rewards system built into the DNA of all Kitsus by their creators. When a Kitsu is created, it is imprinted with up to three creator addresses and formulates a micro eco-system with income capabilities.
Players are also able to generate their own Referral Code via the new Player Rewards Dashboard, where they can obtain bonus rewards for anyone that obtains Potions via their unique link. Potions are an essential component for Breeding to occur. For more details please press here.
Players can now access the Breeding gameplay once they have connected their wallet via the new Kitsumon Breeding Page. An extensive guide on breeding can also be found here
CEO of Kitsumon, James Kirkby, had this to say:
“It has been a mega few months of continuous hard work and development by the whole Kitsumon team. We of course have seen the whole Crypto market in a Bear Cycle and this has been a unique opportunity to fine tune and take things to a new level in the background. We are proud of the amazing achievements this year thus far and now with the addition of a massive Gameplay feature such as Breeding going Live fulfills not just a milestone but also our continued promise to our fans and users to develop continuously and bring out exciting gameplay aspects to our game”.
Players can obtain potions here.
About Kitsumon
Kitsumon is an NFT game about collecting, breeding, and caring for adorable Kitsu pets. From play to earn professions like farming, fishing, cooking and an in-depth NFT breeding system, all the way to MOBA PvP modes and land acquisition.
To find out more about Kitsumon, please follow and keep up to date on these platforms:
DISCORD – TWITTER – YOUTUBE – TELEGRAM
Contacts
Head of Marketing
- Simon Buckingham
- Kitsumon
- simon.buckingham@kitsumon.com
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Seattle, Washington, United States, 20th September, 2022, Chainwire
Peer Inc., a metaverse technology company, has entered a new partnership with Seattle-based innovation agency Fresh Consulting. Peer will be working with Fresh to deliver on its vision of a gamified digital layer on top of the world, and support its mission to bring people and content into the metaverse. Fresh will provide an elite team of engineers, developers, designers, and strategists who build innovative end-to-end solutions for some of the world’s largest tech companies.
“AR is eating the metaverse,” said Tony Tran, CEO & CTO, Peer Inc. “We were searching for a crack-shot execution team to deliver on our massive AR vision to leapfrog ahead of the competition. We found it at Fresh. Their impressive portfolio and extensive service offerings position us to advance our mission in short order.”
Peer will work with Fresh to develop hardware and software experiences over Peer’s decentralized blockchain to drive mass adoption, give users ownership of their data and help them monetize what they create online.
“The metaverse is inevitable,” said Tran. “We see a clear path to a magical AR experience in a coherent product that people will want to use every day. Blockchain will give peers what they need to go from digital experience to digital reality. We’re so excited about what’s coming we can hardly sit still.”
In a recent podcast with Fresh Consulting on the metaverse, Tran elaborated on its immense potential. “In the simplest embodiment, the metaverse will exist as a three-dimensional expansion of the web that we know and love today. Metaverse content will exist everywhere and connect everything. It’s really like a merging of the present web that we know, all of the data that’s on the web, plus all of the connected devices, and then mapping that against the physical world.”
Fresh is a fifteen-year-old company with over 380 employees, headquartered in Bellevue, Washington, with offices in Portland, Bangkok, Austin, Dallas, and Houston. Fresh has delivered award-winning work while serving over 400 clients, from startups to Fortune 100 companies. They provide holistic, end-to-end solutions across strategy, design, software, and hardware.
“We’re really excited to be working with Peer given where the future is going,” said Fresh Consulting CEO Jeff Dance. “Today, there are already a billion devices with augmented reality, and in the future, the Holy Grail is where technology disappears. How we make AR a natural human experience is the promise of the metaverse.”
For more insight on the future of AR and the metaverse, please watch this interview with Jeff Dance, Tony Tran, and Peer COO Heath Abbate.
About Peer Inc.
Peer is a metaverse technology company building a gamified digital layer on top of the world. Peer is headquartered in Seattle, Washington. To learn more, please visit peer.inc and follow Peer on Twitter @peerpmc.
Contacts
- Jonathan Ghent
- jon@peer.inc
Singapore, Singapore, 19th September, 2022, Chainwire
Inery, a decentralized data system, announces the official listing of its token on Huobi Exchange is set to go live on September 28, 2022. Huobi Exchange is one of the world’s leading crypto exchanges, supporting over 1000 trading pairs and more than 600 cryptocurrencies.
Inery takes a different approach to decentralizing data and data management for both Web2 and Web3 companies while streamlining the shift to the decentralized web.
Inery ecosystem is curated to enable decentralized data management by integrating blockchain functionalities like immutability, security, and owner-controlled data assets with the distributed database properties to enable high performance, low network latency, and complex query functions. The ecosystem is secured and powered using the network’s native token, $INR.
“We are pleased to have Huobi Exchange on board with us. Listing Inery token plays an integral role in our roadmap; and with Huobi’s support, we can bring Inery’s vision to the markets and onboard more people in our mission to reshape the world through the paradigm shift in data management,” stated Dr. Naveen Singh, Inery co-founder, and CEO.
When listing on Huobi exchange, the official listing pair of Inery will be INR/Tether (USDT) trade pair will become available for trading at 13:00 UTC on September 28.
The project’s approach is to ensure that data management and storage is not constrained to walled gardens, and the power is handed back to the users as we advance towards the revolution of the internet– Web3.
Huobi is supportive of the innovative projects empowering users in the crypto and blockchain sector and integration of the technology with other verticals, which is why $INR token’s first listing will be on Huobi Exchange.
About Inery
Inery is a layer-1 blockchain and decentralized data system. It enables a decentralized, secure, and trusted foundation for database management. Leveraging blockchain technology, Inery introduces a decentralized and distributed infrastructure for database management.
About Huobi
Founded in 2013, Huobi Group is a world-leading company in the digital economy industry, with a mission to make breakthroughs in core blockchain technologies and integration of blockchain technology with other industries.
Huobi Group boasts of offering world-class security and a global ecological and industrial layout. It has partnered with Sequoia, Fenbushi Capital, Link Capital, Node Capital, SVIEF, CIDA, FBG Capital, and more.
Contacts
Director of Marketing & PR
- Tijana D Gertner
- INERY PTE. LTD.
- tg@inery.io
Zug, Switzerland, 19th September, 2022, Chainwire
The GRN Association announced today that it has secured an investment totaling $50M for the GRNGrid project from GEM Digital Limited, a venture capital focused on digital currencies.
About GRNGrid
GRNGrid is an environmentally friendly, scalable, and stable Layer 1 blockchain, with novel DeFi features. On GRNGrid, users have the choice to only use nodes running exclusively on renewable energy for their transactions.
GRNGrid’s renewable energy partners, who specialize in data center and hosting facilities, have shown keen interest in running Grid’s nodes as validators. With their help, the company can kickstart the availability, speed, and sustainability of GRNGrid in Q2 2023. GRNGrid’s novel features as GRNPay and Exnode will also encourage developers and consumers to connect on GRNGrid.
GRNGrid is also introducing Proof-of-Stake V2 (PoS2). GRNGrid is the first blockchain with a consensus method specifically designed to tackle whales and achieve fairer distribution. This consensus method will deliver increased security, enhanced decentralization, and better financial sustainability.
GRN ($G) is the native token of GRNGrid. “G” will govern the blockchain by staking to validate and earn validation rewards. Consumers are able to provide liquidity to the inbuilt DEX called Exnode.
The GRN Association is a Swiss-based NPO (non-profit organization), — and protects the sustainable vision of GRNGrid, as well as providing funding to environmental projects. The association also handles the ReCharge program, which enables GRNGrid validators to repurpose their hardware and cut back on electronic waste.
The new funding from GEM will be invested in further connectivity with top crypto Exchanges, adding new global professional partnerships, and building out its blockchain technology and infrastructure.
Frederik Vyncke: “The GRN Association is confident that with the support of GEM investment and the community, it can bring GRN Grid to fruition and be setting the tone for a renewable blockchain with innovative features and create a sustainable development”
For more information, visit:
About GEM
GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in promising utility tokens listed on over 30 centralized and decentralized exchanges globally.
For more information, visit:
Contacts
Board Member
- John de Vroede
- GRN Association
- john.devroede@grngrid.com
Board Member
- Frederik Vyncke
- GRN Association
- Frederik.Vyncke@grngrid.com
Geneva, Switzerland, 19th September, 2022, Chainwire
TRON DAO and BitTorrent Chain (BTTC) are excited to announce Season 3 of the TRON Grand Hackathon 2022. This season is focused on expanding upon the success of Season 2, when we had over 1800 participants with over 200 projects. We intend on keeping that momentum moving forward.
In Season 3, we are increasing our overall prize pool from $1 million to $1.2 million. The same 4 tracks will be available for participants, and 2 new tracks will be introduced.
The returning tracks will have a total of 5 winners chosen by members of the TRON community as well as 5 winners chosen by the judges. There will be 5 winners for the Academy track along with 5 “honorable mention” winners. The Ecosystem track will feature 10 winners, 5 for creative based projects and another 5 for technical based projects.
Prizes for judge-voted winners across the DeFi, GameFi, NFT, and Web3 tracks:
- 1st Prize – $60,000
- 2nd Prize – $50,000
- 3rd Prize – $40,000
- 4th Prize – $30,000
- 5th Prize – $20,000
Prizes for community-voted winners across the DeFi, GameFi, NFT, and Web3 tracks:
- 1st Prize – $10,000
- 2nd Prize – $9,000
- 3rd Prize – $8,000
- 4th Prize – $7,000
- 5th Prize – $6,000
Prizes for Technical & Creative projects in the Ecosystem track:
- 1st Prize – $15,000
- 2nd Prize – $12,500
- 3rd Prize – $10,000
- 4th Prize – $7,500
- 5th Prize – $5,000
Prizes for judge-voted winners in the Academy track:
- 1st Prize – $15,000
- 2nd Prize – $10,000
- 3rd Prize – $9,000
- 4th Prize – $8,000
- 5th Prize – $7,000
The 5 “honorable mention” winners in the Academy track will each receive $5,000.
To learn more about community voting and the prizes surrounding it, make sure to visit the TRON DAO Forum.
We are excited to discover a multitude of innovative and diverse projects looking to positively influence the world with TRON.
About Tron DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years.
As of August 2022, it has over 110 million total user accounts on the blockchain, more than 3.8 billion total transactions, and over $13.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.
Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Contacts
- Feroz Lakhani
- Tron DAO
- press.hackathon@trondao.org
Chinese crypto billionaire Jihan Wu is expanding into the physical asset space.
Wu’s Bitdeer Technologies Holding Co. spent S$40 million ($28.4 million) buying Le Freeport, a maximum-security vault in Singapore, according to people with knowledge of the matter who asked not to be identified because the transaction was private. Dubbed Asia’s Fort Knox, Wu acquired the repository for fine art, precious gems, and gold and silver bars, from shareholders led by Swiss art dealer and founder Yves Bouvier, the people said.
A representative for Bouvier declined to comment. Wu confirmed the transaction in a text message in response to queries from Bloomberg News. The purchase took place in July, according to records with the accounting regulator.
Wu’s acquisition ends years of Bouvier’s troubled attempts to sell Freeport which is located near Changi Airport. Wu is considered one of the most influential people in cryptocurrency markets, having co-founded the world’s largest miner Bitmain Technologies Ltd. Wu, who has long-term residency in Singapore, relinquished control of the Beijing-based company early last year.
‘Fully Committed’
The price Wu paid represents a sharp discount to the S$100 million it cost to build the facility. Freeport opened in 2010 to fanfare as part of Singapore’s push to lure luxury collectors, wealth managers and bullion-trading banks including JPMorgan Chase & Co. and UBS Group AG.
About three quarters of the total price went to creditors including DBS Group Holdings Ltd., according to one of the people. After repaying debt and costs, Bouvier, who held 70% of Freeport, got about S$5 million from the sale, together with other shareholders.
The new owners are “fully committed” to supporting the Freeport Group with a view to expanding and improving the facilities and services, according to a letter signed by Freeport’s Chief Executive Officer Lincoln Ng to reassure tenants that there would no disruptions.
Bitdeer is the sole shareholder of Straitdeer Pte., which in turn owns Asia Freeport Holdings Pte., the entity controlling Le Freeport, according to records with the accounting regulator. Asia Freeport reported a loss of S$14.3 million in 2018, based on the latest publicly available financial statement.
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Cryptocurrencies fell to fresh lows on Monday on regulatory concerns and as investors globally turned shy on risky assets with interest rate rises looming around the world.
Bitcoin, the biggest cryptocurrency by market value, fell about 5% to a three-month low of $18,387.
Ether, the second largest cryptocurrency, dropped 3% to a two-month low of $1,285 and is down more than 10% in the last 24 hours. Most other smaller tokens were deeper in the red.
The Ethereum blockchain, which underpins the ether token, had a major upgrade over the weekend called the Merge that changes the way transactions are processed and cuts energy use.
The token’s value has fallen amid some speculation that remarks last week from U.S. Securities and Exchange Commission Chairman Gary Gensler implied the new structure could attract extra regulation. Trades around the upgrade also were unwound.
“It’s speculation as to what might or might not happen,” said Matthew Dibb, COO of Singapore crypto platform Stack Funds, on the regulatory outlook.
“A lot of the hype has come out of the markets since the Merge,” he said. “It’s really been a sell-the-news type of event,” he added, given the nervous global backdrop, and said ether could test $950 in coming months.
“Looking at the landscape right now, both fundamentally and technically, it’s not looking great. There’s no immediate bullish catalyst that we can see that’s going to prop up these markets and bring in a whole lot of new money and liquidity.”
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At 06:43 (UTC) on Sept. 15, 2022, Ethereum completed its merge at the block height of 15,537,393 and officially switched to the proof-of-stake consensus mechanism. From then on, Ethereum bid farewell to the seven-year proof-of-work (PoW) mining era.
At the same time, Ethereum had officially hard forked from Ethereum, retaining the PoW consensus. As the network token ETHW of the Ethereum forked chain, it has been actively opened for deposit and trading by various mainstream trading platforms.
At 15:20 on Sept. 15, MEXC opened ETHW deposits, which is the first cryptocurrency trading platform on the entire network to open ETHW deposits. According to the calculation of the ETHW deposit, only 49 blocks are needed to complete the deposit process, which is currently the fastest account deposit speed among trading platforms.
According to CoinGecko data, the real-time price of ETHW is 13.01 Tether (USDT), and the 24-hour trading volume reached $74.05 million. Compared with mainstream trading platforms, the comprehensive indicators of MEXC, FTX and Bybit are among the top three from the perspective of trading volume, depth and price difference. From the trading page of ETHW on MEXC, the absolute value of the price difference between bid buy and ask price is only 0.002, which is the smallest, and the trading volume and depth indicators perform better.
In fact, MEXC is not only the fastest platform to open ETHW deposits within a single day but also the first to announce its support for the Ethereum 2.0 mainnet Merge and the first to list Ethereum’s potential forked chain tokens.
According to MEXC’s announcement, MEXC has been supporting the trading of the “potential forked token ETHW” as early as Aug. 5. Currently, the token can be exchanged for ETHW, the real Ethereum network token. At the same time, the real Ethereum network token ETHW obtained outside the trading platform can also be deposited on MEXC for trading purposes.
It is understood that MEXC is a world-leading user-friendly cryptocurrency trading platform, providing one-stop services for trading spot, leveraged exchange-traded funds (ETFs), perpetual futures, NFT Index, etc. With over 7 million users worldwide, MEXC is also the cryptocurrency trading platform that owns the fastest launch of popular projects on the entire network and the most abundant tradable categories.
Also, according to CoinGecko data, MEXC currently supports more than 1,500 cryptocurrencies for spot trading, more than 120 cryptocurrency futures trading and more than 300 cryptocurrencies for leveraged ETF trading.