Kategorie: Crypto Markets

• Layerswap’s domain, layerswap.io, was hijacked, leading to a phishing scam and $100,000 loss.
• Despite delays, Layerswap regained control, pledged full refunds, and offered a 10% bonus.
• Crypto scams remain prevalent, with $46.86 million lost in February 2024 alone.

On March 20th, around 7:40 PM UTC, Layerswap’s domain, layerswap.io, fell victim to a significant security breach.

Malicious actors compromised Layerswap’s GoDaddy account, altering the domain’s DNS settings, and redirecting traffic to a phishing site.

Despite swift action, around 50 users fell prey to the scam, collectively losing $100,000 in assets.

Layerswap has recovered the domain

Despite encountering delays, Layerswap regained access to their GoDaddy account by 11:07 PM UTC, enabling them to reverse the hacker’s modifications and regain control of their domain.

The company has taken proactive measures, fully refunding affected users and offering an additional 10% as compensation for the inconvenience caused by the security breach.

11:07 PM: We finally regained the ability to log into our #GoDaddy account.

11:15 PM: We immediately reset the name servers, changed all account passwords, and updated 2FA settings.

11:40 PM: DNS changes were fully propagated restoring our control over the domain.

12:00 AM:…

— Layerswap (@layerswap) March 21, 2024

Scam Sniffer’s insights on crypto scammers

According to Scam Sniffer, February 2024 witnessed significant losses of $46.86 million in cryptocurrencies due to scams, with over 57,000 individuals falling victim to various phishing schemes.

Notably, there was a 75% decrease in victims losing over $1 million compared to January 2024. Despite efforts to combat scams, vulnerabilities persist, as seen in ParaSwap’s recent incident, where a hacker managed to cash out funds worth approximately $24,000.

The Layerswap incident serves as a stark reminder of the persistent threat posed by cybercriminals in the cryptocurrency space.

While Layerswap’s swift response and commitment to refund affected users are commendable, it underscores the need for enhanced security measures and user awareness within the crypto community.

The post Layerswap hack: $100k lost, users to be fully refunded appeared first on CoinJournal.

• Exaion, EDF’s subsidiary, joins Chiliz Chain as validator
• Exaion joins PSG, an iconic soccer club, in becoming Chiliz Chain validators.
• The collaboration enhances blockchain security, fan engagement, and revenue generation.

In a move signalling a strategic partnership between the energy and blockchain sectors, Exaion, a subsidiary of the French state-owned energy company EDF, has officially become a validator on the Chiliz Chain.

This development marks a significant step forward in the convergence of energy expertise and blockchain technology.

Exaion’s expertise aligns with Chiliz’s vision

Chiliz, renowned for its fan token trading platform Socios.com, has recognized the potential of Exaion’s expertise in energy and technology.

With a focus on digital transformation and energy efficiency in data centres, Exaion’s involvement as a validator underscores Chiliz’s commitment to enhancing its blockchain network’s security and resilience.

Exaion’s co-founder, Fatih Balyeli, describes the collaboration as a pivotal strategy in shaping the future of digital engagement.

By leveraging Exaion’s knowledge and experience, Chiliz aims to fortify its blockchain infrastructure while expanding its reach into sports and entertainment domains.

Exaion joins PSG as Chiliz validators 

Exaion follows in the footsteps of Paris Saint-Germain (PSG), the iconic French soccer club, which recently joined Chiliz Chain as a validator.

PSG’s decision to validate transactions on the Chiliz Chain underscores the growing trend of collaboration between blockchain platforms and prominent sports organizations.

The partnerships not only enhance the security of the Chiliz network but also open new avenues for fan engagement and operational optimization.

As validators, Exaion and PSG play integral roles in managing blockchain nodes, verifying transactions, and executing smart contracts. Their participation in the Chiliz Chain ecosystem not only ensures the integrity of the network but also generates revenue through node operation.

Also, by leveraging the strengths of EDF’s subsidiary and the iconic PSG, Chiliz aims to bolster its position as a leading blockchain platform for fan engagement and digital asset management in the sports industry and beyond.

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• Dogecoin (DOGE) soars again amid reports Coinbase plans to list DOGE futures.
• As investors seize on opportunities in the market, attention is firmly on Memeinator (MMTR).
• Memeinator has raised more than $7.5 million, with just a few tokens remaining in final presale stage.

Memeinator, is in its final presale stage, with tokens worth less than $215k to go. Interest in the new meme coin is skyrocketing in these final hours. Meanwhile, Dogecoin, the original meme crypto, could be on the cusp of fresh traction with Coinbase listing of DOGE futures.

Read on to find out why investors are excited about Memeinator.

Coinbase plans Dogecoin futures

The price of Dogecoin rose as altcoins bounced alongside Bitcoin following Wednesday’s FOMC meeting. DOGE price broke above $0.15, spiking more than 18% in 24 hours. 

The gains came as crypto and stocks flipped green following Fed’s signal that lower rates are on the cards. However, Dogecoin also received another boost in news related to leading US-based crypto exchange Coinbase.

According to documents the exchange sent to the US Commodity Futures Trading Commission (CFTC) earlier this month, Dogecoin has shown “enduring popularity” and has transcended the meme tag. This outlook has Coinbase eyeing DOGE futures products.

Specifically, Coinbase Derivatives has plans to unveil cash-settled futures products in three cryptocurrencies – Litecoin, Bitcoin Cash and Dogecoin. The listings could come as soon as April 1, 2024.

Memeinator (MMTR): Investors eye future of meme coins

Memeinator is a meme coin project. However, it is not the typical copycat kind of meme coin.

This is a project that has designs on dominance of the space via real world value for its community. The revolution begins with the annihilation of all weak meme tokens – which currently number in their hundreds.

Memeinator knows these tokens are of poor quality and offer no utility.

To save the crypto world from the bleak future they portend, the Memeinator taps into artificial intelligence to power the Meme Warfare game. AI feeds all subpar meme coins into this game and the community gets a play-to-earn ecosystem that rewards them for destroying worthless meme tokens.

Excitement for this project, which has already unveiled a staking pool and carried out a token burn, has spiked in recent weeks. The partnership with game studio Red Apple Technologies earlier this year ticked a major milestone box for Memeinator.

Apart from the game, the community will also get exclusive access to an NFT collection. A roadmap highlighting when the game and NFTs launch is available on the official Memeinator website.

Memeinator: Market debut next

The Memeinator will have a total supply of 1 billion MMTR and 62.5% of this was available in a presale that started in Q4, 2023. 

Early adopters have allocated more than $7.5 million so far, with less than $215k worth of MMTR remaining before the final stage 20 ends.

With the close just hours away, the scramble to get into position is at a new peak. Buyers are keen to lock in potential 100x gains with the presale price of $0.0292.

Memeinator’s upcoming launch in the market coincides with a bullish crypto market as Bitcoin reclaims $68k and is likely to target a new all-time high in a post-halving rally. The positive sentiment across the market, including for top meme coins like Dogecoin is also likely to propel MMTR higher.

Find more about Memeinator here.

The post Dogecoin gets Coinbase boost as meme craze shifts to Memeinator appeared first on CoinJournal.

• Particle Network’s modular L1 blockchain is a universal settlement layer for a multi-chain ecosystem.
• It features Chain abstraction and Universal Accounts.

Particle Network has introduced its modular Layer-1 blockchain, an upgrade powered by chain abstraction and universal accounts to make user experience across blockchains easier.

Particle Network’s L1 is a Cosmos-SDK-based blockchain that will act “as a universal settlement layer for the multi-chain ecosystem.”

“Relying on the Cosmos SDK to build this chain allows us to make it intrinsically modular, retaining its sovereignty while outsourcing key functions like validation and data availability to specialized ecosystem actors. Our L1 is also based on Rollkit and uses Berachain’s Polaris framework for EVM compatibility. Furthermore, it leverages a Universal Inter-Blockchain Communication (IBC) protocol for interoperability, enabling cheap, fast cross-chain transaction execution,” Particle Network noted in a blog post.

A unique user experience

According to the Particle Network team, chain abstraction allows for simplified user interactions in a multi-chain ecosystem.

Within this framework, any user can interact with any product and asset in the rapidly growing Web3 landscape. Chain abstraction enables functionality for Universal Accounts, which in this case, create an environment that works similar to a single chain with unified liquidity and sovereignty.

Chain abstraction and universal accounts allow users to interact with different types of blockchain networks and decentralised applications (dApps). Particle’s Wallet Abstraction means a universal Web3 experience with no worries about multiple wallets and bridging among other factors.

The L1 will rely on Universal Accounts for simplified smart contract management across all EVM chains as well as heterogeneous blockchains like Bitcoin (BTC) and Solana (SOL).

Universal Liquidity will provide for unified liquidity with optimistic execution of atomic transactions and swaps. There’s also Universal Gas Token that allows users to pay gas with a single gas token rather than multiple units.

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• Robinhood Wallet is now officially available to Android users globally.
• Users on public waitlist can download app and access crypto from across the world.

Robinhood has officially announced global accessibility for its crypto wallet for eligible Android users.

The company confirmed the roll out via a blog post on March 20.

Robinhood Wallet brings crypto to millions of Android users

With Robinhood Wallet now available to all eligible Android users, Robinhood is fulfilling part of its mission to bring crypto to the masses. Android accounts for 70% of the global market share of mobile OS and Robinhood Wallet’s accessibility on these devices means the company could reach millions of crypto users.

“Launching Robinhood Wallet on Android is a big step forward in our commitment to make crypto more accessible and seamlessly integrated into daily life for millions of people around the world,” Johann Kerbrat, Robinhood Crypto general manager, said in a statement.

“Whether you’re in Africa, Asia, South America, or somewhere else, Robinhood Wallet is your gateway to the future of finance, and the world of crypto and web3,” Kerbat added.

Robinhood Wallet launched globally to iOS users in 2023. Availability on Android app now opens access to users who previously joined the public waitlist.

Users of Robinhood Wallet can send, receive and store crypto on the self-custodial wallet. It supports major networks, including Bitcoin, Ethereum, Dogecoin, Polygon, Arbitrum, Optimism and Base.The wallet also offers token swaps for users on Ethereum, Polygon and Arbitrum.

Wallet users can also discover trending tokens or access the latest cryptocurrency news directly from their Android app.

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