SEC - Page 118

3468 result(s) found.

CISA Warns of Rising Impersonation Scams Amid $4.6 Billion Crypto Fraud Surge

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On June 12, the Cybersecurity and Infrastructure Security Agency (CISA) issued an alert about a rise in impersonation scams often involving the names and titles of government employees.

The alert emphasized that CISA staff will never request money wiring, “cash, cryptocurrency, or use gift cards.”

“If you suspect you are a target of an impersonation scammer claiming to be a CISA employee, do not pay the caller; take note of the phone number calling you; hang up immediately, [and] validate the contact by calling CISA.”

In response to written questions from Cointelegraph, Phil Larratt, Chainalysis’ director of investigations, highlighted that scams “continue to be a major threat to the [crypto] ecosystem at large.”

Larratt noted that scams remain significant drivers of cryptocurrency-based crime, generating at least $4.6 billion in revenue in 2023.

“Impersonation scams, in particular, had the fourth-worst impact on victims in 2023 based on an average payment size of $948, as we found in our Chainalysis 2024 Crypto Crime Report.”

Addressing prevention, Larratt emphasized the importance of public education as a first line of defense against large-scale scamming: “This is critical because once crypto assets are transferred to a third party, there is no longer control of that asset without the private keys of the third party’s funds.”

READ MORE: MicroStrategy Announces $700 Million Debt Offering to Fund Additional BTC Purchases

Larratt detailed two prominent scam tactics among fake Federal employee impersonation scams: approval phishing and crypto drainers.

“Approval phishing scammers have historically targeted wide swaths of crypto users through the proliferation of fake crypto apps.”

This method has been adopted by romance scammers, also known as pig butchering scammers, resulting in substantial losses.

“[Crypto drainer operators] often promote their fake Web3 sites in Discord communities and on compromised social media accounts […] enticing victims into connecting their crypto wallets to the drainer and then using the approval phishing technique to trick the victims into approving transaction proposals that grant the operator control of the funds inside the wallet.”

Larratt concluded by stressing the importance of implementing protective security measures like “Web3 security extensions” for both Web3 projects and users to combat these scam tactics effectively.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Deutsche Telekom Expands Crypto Ventures with Bitcoin Mining Initiation

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T-Mobile Deutsche Telekom has announced its plans to start mining Bitcoin, expanding its engagement in the cryptocurrency space.

The telecommunications giant, which has been involved in crypto activities, has operated a Bitcoin node since 2023 and is currently running Bitcoin Lightning Network nodes.

At BTC Prague, Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, shared:

“Since 2023, we are running a Bitcoin node, and we are running Bitcoin Lightning nodes as well […] I like to let you in on a little secret we will engage in digital monetary photosynthesis soon.”

When asked by former Cointelegraph contributor Joseph Hall to elaborate on “digital monetary photosynthesis,” Röder responded with, “We will.”

Deutsche Telekom has been deeply involved in Web3 activities as a Polygon validator since June 2023, utilizing its infrastructure to secure new revenue streams.

As one of 100 validators, Deutsche Telekom has provided staking and validation services on Polygon for over a year, supporting the platform’s proof-of-stake consensus mechanism.

In February, Deutsche Telekom partnered with Fetch.ai, a decentralized artificial intelligence (AI) platform, to establish enterprise AI initiatives.

Acting as a validator on the Fetch.ai blockchain, Deutsche Telekom supports the AI-driven autonomous agents developed by Fetch.ai.

READ MORE: Ripple Calls for Fair Penalty in SEC Case, Cites Terraform Labs Settlement

These agents offer services across various sectors, including healthcare, automotive, supply chain management, and digital identities.

They manage resources, conduct transactions, and analyze traffic flows to enhance operational efficiency.

The move to start mining Bitcoin marks a significant expansion of Deutsche Telekom’s blockchain and cryptocurrency activities.

By leveraging its existing technological infrastructure and expertise, the company aims to explore new opportunities and revenue models within the digital economy.

This step highlights Deutsche Telekom’s commitment to advancing its involvement in emerging technologies and its proactive approach to integrating blockchain solutions into its operations.

Overall, Deutsche Telekom’s entry into Bitcoin mining reflects its broader strategy to innovate and adapt to the evolving digital landscape, positioning itself at the forefront of the intersection between telecommunications and blockchain technology.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Institutional Investors Eye Blockchain-Tokenized Commercial Real Estate

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Institutional investors are poised to purchase blockchain-tokenized shares of high-value commercial real estate once more opportunities arise, according to Kunal Bhasin, digital asset co-lead at KPMG Canada.

At the Toronto Collision Conference, Bhasin told Cointelegraph that tokenization has the potential to shift the ownership landscape of major commercial buildings, which traditionally have been the domain of wealthy real estate and pension fund managers.

Tokenization could allow institutional investors, including family offices, to own portions of significant properties such as Toronto’s Eaton Center and other major buildings.

“Tokenization of commercial real estate can actually enable that,” Bhasin stated, predicting it would become a major institutional use case in the crypto industry.

However, Bhasin highlighted that many “institutional DeFi” participants prefer a more controlled environment.

“Institutions recognize the efficiency that decentralized financial technology brings, but they want to know the participants that they are interacting with,” he said, emphasizing the importance of know-your-client checks in this process.

READ MORE: Earn More Than in a Bank With Special Programs From TFS Token

The adoption of tokenized real estate is gradual. In April, Bitfinex Securities facilitated a tokenized asset raise for a 4,500-square-foot Hampton by Hilton hotel at El Salvador’s international airport, but it has raised only $342,000, far short of its $6.25 million goal.

Bhasin also anticipates growth in tokenized Treasurys and money market funds.

He cited the success of the BlackRock USD Institutional Digital Liquidity Fund (BUDIL), which has reached $462.7 million in value since its launch in March, according to 21Shares data.

Despite these advancements, reputational risks remain a concern for asset management firms and banks hesitant to engage more actively in the crypto space due to numerous frauds and scams.

Bhasin noted that while “there is fraud in every industry,” recent progress is encouraging. KPMG uses blockchain analytics from Chainalysis to detect potential illicit activities tied to its clients.

“Soon, not being involved in crypto and digital assets is going to be a career risk,” Bhasin remarked.

“If you are not offering it today, your competitors are — and they are getting that advantage over you.”


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Maximising Your Winnings with dappGambl Crypto Gambling Strategies

Cryptocurrency has changed the world of online gambling, and it provides unique opportunities and advantages. Using platforms like dappgambl.com, players can explore various strategies to maximise their winnings. By leveraging the benefits of cryptocurrencies, you can enjoy secure, efficient, and potentially more profitable gambling experiences.

Explore Best Cryptocurrencies to Gamble With

When it comes to gambling with cryptocurrencies, your choice of digital coin can impact your gambling journey. Bitcoin remains the most widely accepted cryptocurrency in the gambling world, known for its stability and widespread use. Ethereum, with its smart contract capabilities, is another popular choice. Also, altcoins like Bitcoin Cash, Dogecoin, and Litecoin provide faster transaction times and lower fees which makes them attractive for gamblers.

Tether, a stablecoin, offers the advantage of minimising volatility, which can be beneficial for those looking to maintain a steady bankroll. Cardano and Ripple are also gaining traction in the gambling industry, as they have proven themselves with their security and efficiency. Each of these cryptocurrencies offers different benefits, so choosing the right one depends on your specific needs and preferences. The key is to select a coin that aligns with your gambling strategy and goals.

Choose Games Wisely

Selecting the right games can greatly influence your success in crypto gambling. Many online casinos offer free bonuses on various games, including slots with high Return to Player (RTP) rates, which can give your bankroll a significant boost. However, it’s essential to look beyond slots.

Table games and live casino options offer strategic depth and real-time interaction. Games like blackjack, roulette, and poker can provide more opportunities to win if you use effective strategies. Live dealer versions of these games offer possibilities to chat with the dealer and also other participants. Many players love this feature since it brings a ‘’physical’’ touch to online gambling.

Provably fair games use blockchain technology to ensure fairness and transparency, giving you confidence in the game’s integrity. They are particularly popular in the crypto-gambling community for their trustworthiness. Jackpot games, with their lucrative features, can dramatically increase your winnings, especially those with a progressive jackpot which grows with each bet until one player wins it all.

Check Security and Reputation

Look for casinos that have built a positive reputation and trust among players. One effective way to check a casino’s reliability is by researching the company behind the website and reading reviews from existing users. This can provide valuable insights into the casino’s practices and player satisfaction.

In terms of security, it’s important to verify that the platform uses robust measures like SSL encryption and two-factor authentication (2FA). These security features help protect your personal and financial information from potential threats. Also, reputable casinos often have transparent policies and reliable customer support, ensuring that any issues or concerns can be addressed promptly. Prioritising security and reputation will help you enjoy safer and more trustworthy gambling.

ABS2024 in Taipei: AI, Blockchain, and the Future of Governance, 15,000 Attendees Are Expected

Taipei, Taiwan, June 19th, 2024, Chainwire

Vitalik Buterin, Audrey Tang, and Glen Weyl to Headline the Plurality Summit at ABS2024

The Asia Blockchain Summit 2024 (ABS2024) is set to take place from August 06-08 at the Taipei Nangang Exhibition Center. ABS2024 promises to be a marquee event in this year’s tech calendar. ABS2024 is hosted in vibrant Taiwan, recently described by Nvidia CEO Jensen Huang as one of the most important places in the world for being the center of the AI and computing revolution. 

The summit is expected to attract over 15,000 attendees from 65 countries. ABS is renowned as the premier global stage for historic moments in the blockchain industry. A highlight was the riveting debate between Arthur Hayes and Nouriel Roubini, which captivated the crypto world and highlighted the intellectual clashes driving the industry forward. Astronaut Chris Hadfield received his first Bitcoin from space via Blockstream satellite at ABS.  

ABS2024 features a distinguished lineup of keynote speakers and panelists, including Vitalik Buterin, the founder of Ethereum; Audrey Tang, Taiwan’s first Digital Minister; Glen Weyl, first author of ⿻Plurality.net and founder of Plurality Institute; Steve Yun, TON Foundation President; Song Hongbing, author of Currency Wars; Samson Mow, CEO of JAN3; Scott Moore, co-founder of Gitcoin; Ray Chan, Founder of Memeland and 9GAG; Dr. Tomicah Tillemann, CEO of Project Liberty; David Yu, co-founder and CEO of VeVe; Abighya Anand, the world-renowned Vedic Astrologer; David Mak, CEO of Catizen; Jamie Lin, CEO at Taiwan Mobile and Partner at AppWorks; Claudia Lopez, Former Mayor of Bogotá. The list of speakers is featured on the ABS2024 website. 

This year’s summit will feature multiple specialized summits, each dedicated to groundbreaking discussions at the intersection of Artificial Intelligence, Blockchain, and Sustainability. 

The Plurality Summit: The Future of Decentralized Society

The Plurality Summit at ABS2024 will take place on August 08. Attendees will delve into critical discussions on topics like decentralized society, the ethics of digital democracy, and reimagining a future where power is distributed across a diverse collective.

“At ABS2024, we’ll explore the ideas of Plurality, focusing on how effective collaboration and continuous democracy can build new bridges across diversity.” said Audrey Tang, Taiwan’s first Digital Minister and co-author of ⿻Plurality.net.

The Open Summit: Pioneering TON Event 

The Open Summit at ABS2024 is the largest TON event in Asia. Sponsored by TONX and the TON Foundation, The Open Summit includes three days of workshops, talks, and activities dedicated to the 900 million-strong Telegram ecosystem. 

ABS2024 Game Zone: Asia’s Largest Web3 Gaming Exhibition

The ABS2024 Game Zone, powered by GEDA Esports and Matr1x Fire, features high-profile Web3 games, live tournaments on a professional esports stage, and gaming industry leader panel discussions. Attendees will have the opportunity to explore more than fifty games, including a world-class tournament hosted by Matr1x Fire.

Attendees can be prepared to witness visionary leaders, pioneering developers, government officials, and thought leaders from across industries converge and collectively reimagine the world.

For more information, users can contact:

Asia Blockchain Summit | admin@abs.io

About Asia Blockchain Summit (ABS)

Asia Blockchain Summit (ABS) is an annual technology event that brings together leading experts, innovators and policymakers from AI, Blockchain, and Sustainability. Hosted in the vibrant city of Taipei, the event serves as a platform to foster collaboration, knowledge sharing, and networking among key players ranging from Fortune 500 companies to start-ups in the rapidly evolving global blockchain ecosystem. Asia Blockchain Summit attracts over 10,000 attendees from 60+ countries each year.

Website | X | Instagram | Linkedin

Contact

Marketing Director
Shin Chen
Asia Blockchain Summit 2024
admin@abs.io

HashKey Global Officially Launches Futures Trading, Pioneering a New Era in “Licensed Futures Trading”

Bermuda, Bermuda, June 19th, 2024, Chainwire

Licensed digital asset exchange HashKey Global announces that it has received regulatory approval to officially launch its futures trading. In the initial phase, the platform will support BTC and ETH with the potential of up to 10x leverage. To celebrate the launch, HashKey Global will host a limited-time futures trading campaign and a “100% Invitation Rebate on Futures” event. Participants can earn HSK rewards by engaging in futures trading or by inviting friends to trade. HashKey Global aims to provide a secure and user-friendly trading experience, setting a new standard in the “licensed futures” market.

Act As A Platform, Not A Counterparty

As a mature type of derivatives trading, futures trading has a huge demand in the crypto market. However, due to the lack of effective regulation, there are still widespread issues in the market such as platforms trading against their customers and abusive trading causing significant losses for consumers. These practices have long been criticized by the global crypto community.

HashKey Global, regulated by the Bermuda Monetary Authority (BMA), aims to address these issues by ensuring that customer assets and data are stored separately and independently. The platform does not engage in counterparty trading with customers, thereby reducing the risk of price manipulation and customer losses.

Ben El-Baz, Managing Director of HashKey Global, stated, “In recent years, the crypto industry has frequently experienced significant disruptions in the derivatives market. The crypto industry has long awaited a licensed exchange to provide futures trading. With regulatory approval and the official launch of futures trading, HashKey Global will provide a sophisticated and seamless trading interface and a secure, regulated asset environment. We aim to deliver a world-class futures trading experience and reshape the market landscape with ‘licensed futures trading’.”

Futures Trading Campaign with 100% Invitation Rebate

HashKey Global futures trading will officially launch on June 19, initially supporting BTC/USDT and ETH/USDT trading pairs with the potential for up to 10x leverage.

The first phase of the futures trading campaign will also begin on June 19 at 00:00 (UTC+0). Users participating in futures trading can join the liquidity mining activity to share a prize pool of millions of HSK rewards, maximizing the potential value of their assets. Users will earn 0.3 HSK for every 1,000 USDT traded, and those trading via API can compete for weekly transaction volume rankings, with top prizes reaching up to 300,000 HSK.

Additionally, HashKey Global is launching a “100% Invitation Rebate on Futures Trading” campaign. During the promotion period, users will receive 100% of the transaction fees generated by their invited users on perpetual futures trades (non-API transactions) as a rebate reward. The rebate will be converted into HSK and distributed according to the campaign rules.

Participation in the campaign is subject to applicable terms and conditions. For details, users can refer to the campaign announcement and campaign page on HashKey Global.

About HashKey Global

HashKey Global is one of the flagship global digital asset exchanges under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts and leverage trading.

For more details, users can visit global.hashkey.com

Users can follow HashKey on Twitter, Discord, and Instagram.

Disclaimer: HashKey Global is a digital asset trading platform operated by HashKey Bermuda Limited under a Type F license granted by the Bermuda Monetary Authority. This information does not constitute an offer, solicitation, or recommendation for any investment product. Investing and trading virtual assets involve risks. HashKey Global does not service users from Hong Kong, United States, Mainland China and certain other jurisdictions in compliance with laws and regulations. Certain services, features, and campaigns may not be available in your jurisdiction.

Participation in this event does not guarantee eligibility, acceptance, or receipt of any rewards, benefits, or incentives. HashKey Global may impose certain criteria, requirements, or limitations for participation, and it reserves the right to deny or disqualify individuals or entities from participating in the event. Hashkey Global reserves the right to make changes, modify, or cancel the event or the eligibility of any participant at any time at its sole discretion, including due to internal control, system issues or other circumstances, without any prior notice or liability.

To the fullest extent permitted by law, HashKey Global, its affiliates, partners, and employees shall not be held liable for any direct, indirect, incidental, consequential, or special damages arising from participant’s participation in the event, including but not limited to any loss of funds, profits, business, potential profits, data, or reputation.

HashKey Global reserves the ultimate discretion regarding the rules and rewards of the event.

RISK WARNING ABOUT HSK: Please be aware that HSK is not currently listed on any exchange and there is no guarantee that it will be listed in the future. As a result, HSK presently has no established market value. The timeline for the potential listing of HSK remains uncertain. In the event that HSK is successfully listed, it may be subject to various trading restrictions in accordance with applicable regulations and laws. These restrictions may include, but are not limited to, limiting the trading of HSK solely to eligible professional investors in select locations and subject to regulatory approval. The value of HSK is subject to substantial risk and may diminish or fluctuate significantly in response to various market conditions and other factors beyond HashKey Global’s control. HashKey Global and its affiliates make no warranties, express or implied, in relation to HSK or any rewards and disclaims any liability relating thereto.

Contact

Senior PR Manager
Luna
HashKey Global
luna.wang@hashkey.com

Crypto-Backed PAC Spends Millions to Oppose Incumbent in NY Democratic Primary

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The Fairshake group, a political action committee (PAC) backed by crypto firms like Ripple and Coinbase, has invested over $2 million in opposing the incumbent in the Democratic primary for New York’s 16th Congressional District.

Federal Election Commission data reveals that Fairshake spent more than $2 million on a media campaign against Democratic Representative Jamaal Bowman’s reelection.

By June 16, outside interest groups had contributed approximately $9 million opposing Bowman, who is contending against Democrat George Latimer in the June 25 primary.

The Fairshake ad, which does not specifically mention crypto or blockchain, accused Rep. Bowman of spending his career “pushing dangerous conspiracy theories.”

In response to earlier opposition ads from another Super PAC, prominent Democratic lawmakers including Senator Bernie Sanders, Senator Elizabeth Warren, and Alexandria Ocasio-Cortez endorsed Bowman’s reelection.

Congressional records show that Rep. Bowman voted against the Financial Innovation and Technology for the 21st Century (FIT21) Act, the CBDC Anti-Surveillance State Act, and a resolution overturning a Securities and Exchange Commission rule on banks handling crypto.

Latimer, who was in the New York State Senate from 2013 to 2018, has rarely commented on digital assets.

Moe Vela, former Director of Administration for then-Vice President Biden, told Cointelegraph that such attacks were an “effective tool” to rally voters but encouraged PACs to focus on legislation rather than individual candidates.

READ MORE: Pyth Pull Oracle Launches on Solana

Fairshake declined to comment but stated: “Our focus continues to be on supporting candidates on both sides of the aisle and in both chambers who will stop playing politics and pass clear and responsible rules of the road.”

Fairshake’s influence on U.S. elections is notable. California Representative Katie Porter lost a primary race for the Senate in March after being targeted by a Super PAC ad that claimed she took campaign contributions from “big pharma, big oil, and big bank executives.”

Rep. Porter later said the crypto industry tried to “bury a conversation” on digital assets with the media buy.

With less than five months until Election Day in the United States, the crypto industry remains politically active. Coinbase, one of Fairshake’s original backers, donated another $25 million to the Super PAC in June, raising its total funds to roughly $160 million.

Crypto mining executives also launched a project to educate voters on Bitcoin and later influence U.S. elections.

Major party presidential candidates include U.S. President Joe Biden, Republican Donald Trump, Independent Robert F. Kennedy Jr., and Libertarian Chase Oliver.

Biden and Trump are scheduled for a televised debate on June 27 ahead of their official nominations.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Pyth Network’s Pull Oracle Launches on Solana

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The Pyth Network’s pull oracle has been successfully deployed on Solana, allowing developers on the Solana mainnet-beta to access Pyth’s oracle prices by requesting or pulling price updates from the Pythnet appchain. This new system will enable protocols on Solana to utilize the Pyth oracle similarly to applications on other blockchains.

The Pyth push oracle will remain available on Solana until June 30, 2024. However, the pull oracle offers significant improvements over the push model, especially in terms of reliability during network congestion and the number of available price feeds.

The initial version of the Pyth Network on Solana was a push oracle, which aggregated price inputs from data providers via Solana transactions and pushed these prices on-chain every 400ms. Despite its widespread adoption and accounting for 95% of Solana’s total value secured, the push oracle faced limitations during high congestion periods. Users often prioritized other transactions, leading to missed price updates and limited price feed numbers due to gas inefficiencies.

To address these issues, Pyth contributors developed the Pythnet Price Feeds, a pull oracle system. This new design only updates on-chain prices upon request, aggregating prices every slot on the Pythnet appchain—a Solana Virtual Machine instance. Solana users can now pull any high-frequency updates to the Solana environment.

“Oracles are the backbone of DeFi, and Pyth’s high-frequency oracle network has been pushing the space forward since 2021. The launch of their pull oracle on Solana gives developers greater control and optionality over how they consume oracle data, and paves the way for expansion into the growing world of new SVM networks,” said Austin Federa, Head of Strategy at Solana Foundation.

The Pyth pull oracle offers several advantages for Solana applications:

  1. Reliability: During congestion, pull oracles ensure price updates are included in valuable transactions, avoiding the competition for bandwidth seen with push oracles.
  2. High Frequency: Pull oracles provide higher frequency updates, especially beneficial during congestion.
  3. Price Feed Selection: The pull oracle can support over 500 price feeds, surpassing the push oracle’s capacity due to better gas efficiency.
  4. Historical Data: Developers can access historical prices via Pyth Benchmarks for accurate transaction settlements and to prevent frontrunning.
  5. Security: The Pythnet appchain aggregates data from more providers per feed (64) compared to the push oracle (32), ensuring more reliable and secure price outputs.
  6. Scalability for New SVM Environments: The pull oracle’s deployment on Solana paves the way for supporting new Solana Virtual Machine ecosystems.

Several users have already begun transitioning to the Pyth pull oracle, with the system receiving 200K pull updates daily. Prominent users include Kamino, Jupiter, Zeta Markets, Drift, Solend, Flash Trade, GooseFX, RainFi, PsyOptions, Mango Markets, Clone Protocol, Lifinity, and Bonfida.

“As Solana’s leading borrow-lend platform, it’s vital that Kamino users can rely on secure and robust oracle infrastructure. Oracles are not only price feeds; they are also risk features. By making full use of Pyth pull oracles, we can offer high performance and oracle robustness, especially during high congestion,” said Marky, founder of Kamino.

“Our team was excited to hear about Pyth’s move from a push to a pull oracle. It is imperative to us that the Solana Name Service holders and newcomers can make .sol trading decisions efficiently and confidently. The new pull oracle allows us to provide our users just that. The feeds are fast and reliable on all the supported tokens – we didn’t expect less,” added bonfida.sol.

“Pyth’s ability to deliver real-time asset price updates is central to our operations, ensuring that our traders consistently have access to precise, up-to-the-second pricing data. The migration to Pyth’s pull oracle takes these capabilities even further, with enhanced reliability, performance, and security for a significantly better user experience. We firmly believe that DEXs can and should compete with CEXs on all metrics, and with Pyth’s support, we are setting new standards in decentralized trading,” stated Tristan Frizza, Founder of Zeta Markets.

“As a user of Pyth since our inception, Lifinity is excited to integrate Pyth’s pull oracle to determine the prices at which our DEX trades at. This enables us to trade at up-to-date prices to ensure LP profitability and continue improving liquidity on Solana,” said Durden, Founder of Lifinity.

Memereum Sells Over 23 Million Tokens in Presale As Solana (SOL) Struggles Below $150

Monaco City, Monaco, June 18th, 2024, Chainwire

Memereum (MEME), a new altcoin, has demonstrated notable performance during its initial coin offering (ICO) presale, selling over 23 million tokens and nearing the 24 million mark. The project has attracted more than 8,000 users to its platform. While the Ethereum challenger, Solana, remains under the $150 price level.

The pre-sale began at $0.01 and by a strategic move by the team, is now at $0.039. Those who invested in Memereum at the beginning have seen their investments grow almost 400%. Memereum’s appeal stems from its unique position as the first blockchain insurance with its own insured decentralized exchange, MemeSwap.

Memereum (MEME) is currently priced at $0.039, but will launch at $0.45 on BitVenus, Toobit, Azbit, and MemeSwap, which is more than 10 times its original price. Memereum ICO also has automatic 183% APY staking for holders, along with free airdrop competitions.

Solana (SOL): Analysts Predict a Potential Rise To $215

Solana (SOL), one of the top altcoins in the crypto market, is experiencing mixed sentiment on the price chart, remaining under the $150 mark. According to CoinMarketCap, Solana has recorded losses of 9.71% on the weekly chart and shown losses of 14.65% on the monthly chart.

Despite the mixed sentiment, some predict that Solana’s price could rise to $215 in the coming weeks. Furthermore, Solana aims to carve out its niche in the digital asset space and establish itself as a rival to Ethereum.

About Memereum (MEME)

The strong interest in Memereum (MEME) can be attributed to its innovative approach in the blockchain sector and its growing community support. Similarly, Solana is currently experiencing mixed market sentiment but continues to be an active participant in the market.

Users can click here to join Memereum’s ongoing presale.

Contact

Bessie Cooper
Memereum
support@memereum.net

Renzo, the $4b Liquid Restaking Protocol, Raises $17M to Expand Restaking Services

Denver, United States, June 18th, 2024, Chainwire

Renzo, the Liquid Restaking Protocol, today announced $17M in funding. As of today, nearly $4B is already restaked with Renzo. The funding, which took place across two rounds, was first led by Galaxy Ventures and the second round led by the Nova Fund – BH Digital (based in Abu Dhabi). This follows $3.2m of funding previously via Maven11, Figment Capital and Binance Labs. 

Restaking is rapidly becoming a core pillar for scaling security on Ethereum, but it’s complicated, risky and expensive thus hindering user growth. Renzo, built on EigenLayer, is being built to make restaking accessible and easy, and its new funding round will expand its restaking services.

Renzo acts as a secure user-friendly interface to the EigenLayer ecosystem, securing AVS (Actively Validated Services) and accessing restaking rewards while simplifying the process and allowing for secure integrations with node operators.

“Restaking will be inclusive of all assets, ETH and ERC-20’s, as dual staking adoption grows Renzo is building the settlement layer for restaking,” said Lucas Kozinski, Founding Contributor.

Renzo allows users to deposit native ETH, stETH and wBETH (LSTs) and get access to EigenLayer. Renzo runs a distributed Ethereum validator infrastructure powered by Figment, P2P.org and Hashkey Cloud to enable unrestricted participation on Eigenlayer.

It is accessible from Arbitrum, Base, Blast, Linea, Mode and BNB Chain with over 100 DeFi integrations.  

“Renzo differentiates itself from other protocols by fundamentally building its system with restaking in mind, in contrast to traditional staking protocols that are merely adapting to restaking,” said Will Nuelle, General Partner of Galaxy Ventures. “What sets Renzo apart is its unique ability to accept both native ETH and Liquid Staking Tokens (LSTs). This capability allows Renzo to foster collaboration with existing market players and ensures a smooth, user-friendly process for participants.”

About Renzo

Renzo is the restaking hub of EigenLayer built to streamline and expand access to the most intelligent Liquid Restaking strategies. Powered by institutional-grade node operators, Renzo abstracts away the complexities of securing Actively Validated Services (AVS) while delivering a powerful interface for risk management and rewards tracking on EigenLayer. With Renzo’s ezETH—the most integrated Liquid Restaking Token (LRT)—users can access broad exposure to the EigenLayer (and Ethereum) ecosystems with more opportunities to generate rewards. Uses can earn more by visiting https://www.renzoprotocol.com/

Contact

Contributor
Lukasz Kozinski
Renzo Labs
Lucas@renzoprotocol.com

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