Schlagwort: crypto business

• Worldcoin has announced an extension of token lock-up for early project contributors from 3 years to 5 years.
• WLD price jumped after the announcement, rising more than 20% to reach highs of $2.42.

Worldcoin (WLD) price jumped on Tuesday, rising more than 20% to hit intraday highs of $2.42.

Although WLD price saw slight gains alongside other cryptocurrencies on the day, the pace increased sharply after what the market sees as bullish news from Tools for Humanity, the developer team contributing to Worldcoin’s development.

Worldcoin extends WLD token lock-ups for team and investors

On Tuesday, Worldcoin announced that TFH had extended the lock-up period for tokens held by team members and investors – from 3 years to 5 years.

“Starting July 24, 2024, the WLD tokens allocated to the investors and team members of Tools for Humanity (TFH), early contributors to the Worldcoin project, are scheduled to begin unlocking daily in a linear fashion,” the Worldcoin Foundation wrote in a blog. “This week, TFH informed the Worldcoin Foundation that—in a move aligned with the long-term nature of Worldcoin’s mission— the unlock schedule for 80% of the WLD held by TFH’s team members and investors is being extended from 3 to 5 years.”

The new lock-up schedule however does not impact WLD grants meant for verified World ID holders.

According to Worldcoin, the project has seen over 6 million people get verified for a World ID via the orb scan.

World ID holders have claimed over 211 million WLD tokens since Worldcoin’s launch in July 2023, with total token claims accounting for 77% of the cryptocurrency’s current circulating supply of 275 million WLD.

As of Tuesday, the Worldcoin Community pool still held 7.22 billion WLD tokens, which the Worldcoin Foundation administers alongside its affiliate World Assets Ltd to support the project’s long-term sustainability.

WLD token’s price remains below $5 where it dropped amid Hong Kong authorities’ order that Worldcoin ceases its biometric data collection.

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• Kraken partners with Tottenham Hotspur, placing logo on team sleeves from 2024/2025.
• The deal aims at blending crypto with fan engagement to enhance global presence and influence.
• The deal is part of Kraken’s strategy to integrate Web3 with a target of $100M funding goal.

Crypto exchange Kraken has entered a significant multi-season partnership with Tottenham Hotspur, becoming the Official Crypto and Web3 Partner for the renowned English football club.

This collaboration will see Kraken’s logo featured on the sleeves of all Tottenham Hotspur Men’s and Women’s teams starting from the 2024/2025 season.

Kraken expands its partnerships with football clubs

The alliance with Tottenham Hotspur aims to blend the forward-thinking visions of both entities, leveraging advanced technologies to elevate the fan experience and expand the football community’s understanding of cryptocurrency.

This agreement represents a crucial milestone in Kraken’s global marketing strategy, which has also seen a recent partnership with Atletico de Madrid in Spain’s La Liga.

Kraken and Tottenham Hotspur plan to engage the club’s vast global fan base through a variety of innovative initiatives. These include exclusive content, fan pop-ups, and behind-the-scenes access to both Kraken’s and the club’s events.

By integrating crypto education and Web3 technology into these experiences, Kraken aims to deepen fans’ connection to the sport and the team, creating unforgettable memories.

The goal of raising $100M this year

While the financial specifics of the deal remain undisclosed, the partnership aligns with Kraken’s broader objectives.

The company is ambitiously looking to raise $100 million in funding by the end of the year, positioning itself for a potential initial public offering (IPO). This collaboration with Tottenham Hotspur underscores Kraken’s commitment to expanding its presence and influence in the sports world.

Notably, Kraken’s deal with Tottenham follows Manchester City’s recent reveal of OKX as their new sleeve partner in a multi-year agreement, highlighting the increasing convergence of sports and cryptocurrency.

As Kraken and Tottenham Hotspur embark on this innovative journey together, they aim to set a new standard for fan engagement and technological integration in football.

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• LiFi Protocol has been breached and $8M have been drained so far.
• Cyvers Alerts advises revoking approvals for 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae.
• Attackers are converting USDC and USDT to ETH, emphasizing DeFi security risks.

LiFi Protocol, a vital API facilitating swaps between Ethereum virtual machine (EVM) and Solana (SOL), has fallen victim to a devastating cyberattack.

Reports from Cyvers Alerts indicate that hackers have exploited a specific contract address associated with LiFi Protocol, leading to the theft of more than $8 million in cryptocurrencies, predominantly stablecoins.

The breach was detected when Cyvers Alerts flagged suspicious transactions linked to the address 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae on LiFi Protocol.

🚨ALERT🚨@lifiprotocol, Our system has raised suspicious transactions involving your https://t.co/3LzbDK99Ed

We recommend users to revoke their approvals for: 0x1231deb6f5749ef6ce6943a275a1d3e7486f4eae

More than $8M have been drained so far from users and mostly stablecoins!… pic.twitter.com/zsj9DZWnpU

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) July 16, 2024

LiFi Protocol attackers leveraged user approvals

According to Meir Dolev, co-founder and CTO at Cyvers, the attackers have leveraged user approvals linked to this address to drain assets stored within smart contracts and connected wallets.

The attackers have predominantly converted USDC and USDT tokens into ETH, exacerbating the financial impact of the breach.

In response to the breach, Cyvers Alerts has urgently advised users to revoke any approvals granted to the compromised address. This precautionary measure aims to mitigate further losses within the LiFi Protocol ecosystem.

Cyvers Alerts continues to monitor the situation closely, with ongoing updates anticipated as investigations progress.

The incident underscores the persistent vulnerability of decentralized financial platforms to sophisticated cyber threats. It serves as a stark reminder of the importance of robust security measures and vigilant user oversight in safeguarding digital assets within blockchain ecosystems.

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• U.S. spot Bitcoin ETFs saw $301 million in net inflows on Monday.
• BlackRock’s IBIT led with $117.25 million in inflows.
• Since January, total net inflows for BTC spot ETFs have reached $16.11 billion.

Spot Bitcoin ETFs in the U.S. logged $301 million in net investments on Monday, marking the seventh consecutive day of positive growth driven by increasing investor interest in Bitcoin as a legitimate financial instrument.

BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, led the day’s inflows with $117.25 million. Ark Invest and 21Shares’ ARKB closely followed with $117.19 million in net inflows. This surge is part of a broader trend, with the ETFs collectively amassing $16.11 billion in net investments since their launch in January.

Monday’s inflows were accompanied by a notable trading volume of $2.26 billion across the 11 U.S.-based spot bitcoin ETFs. While this figure is significant, it remains lower than peak volumes in March, which exceeded $8 billion on several trading days. Nevertheless, the sustained investments show growing investor confidence and interest in Bitcoin ETFs.

Blackrock lends legitimacy to Bitcoin.

Larry Fink, CEO of BlackRock, recently described Bitcoin as a “legitimate financial instrument” in a CNBC interview, acknowledging a shift in his previously skeptical stance on the cryptocurrency. This endorsement from the head of the world’s largest asset manager likely contributed to the surge in inflows for BlackRock’s IBIT.

Other ETFs, besides BlackRock’s IBIT and Ark Invest’s ARKB, also saw substantial inflows. Fidelity’s FBTC recorded $36.15 million, Bitwise’s BITB saw $15.24 million, and VanEck, Invesco, and Galaxy Digital also reported positive net inflows.

On the other hand, Grayscale’s GBTC, along with ETFs from Valkyrie, WisdomTree, and Hashdex, recorded zero net flows on Monday.

Bitcoin’s price surged above $64,000, reaching $64,770 at the time of publication. This price rally followed a significant jump to nearly $63,000 on July 15, spurred by market reactions to Donald Trump’s defiant response to an assassination attempt. The cryptocurrency’s value continued to climb, driven by robust inflows into spot Bitcoin ETFs.

Growing investor confidence in ETFs

Matteo Greco, a research analyst at Fineqia International, noted that Bitcoin’s price increase and the sustained capital towards ETFs reflect growing investor confidence. This trend has resulted in BTC spot ETFs managing over $51.3 billion in assets, representing more than 4.5% of the total Bitcoin supply.

In addition to the positive developments for Bitcoin ETFs, the market is also anticipating the launch of spot Ether ETFs. Sources from two U.S. issuers have confirmed that these ETFs should debut on July 23. Analysts predict substantial investments into these ETFs, mirroring the success of Bitcoin ETFs, albeit adjusted for the differing market dynamics between Bitcoin and Ethereum.

The recent influx into digital asset investment products, totaling $1.44 billion last week, highlights the increasing mainstream acceptance and integration of cryptocurrencies into traditional financial markets. With Bitcoin recovering above $62,000 and maintaining its momentum, the continued interest in Bitcoin ETFs signals a promising future for cryptocurrency investment vehicles.

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The crypto markets are abuzz with excitement and energy since Sony made its entry into the cryptocurrency markets by acquiring the Japanese unit of Amber Group, a prominent crypto trading firm on Monday, the 1st of July ’24.

Local media reported on Monday that this strategic move by Sony mark’s its entry into the world of cryptocurrency, signaling growing interest from traditional tech giants in digital assets.

Amber Japan, formerly known as DeCurret, underwent acquisition by the crypto finance firm Amber Group in 2022. Sony has announced plans to relaunch the crypto exchange with a new app, according to a release on PR Times.

While Sony has previously engaged with Web3 through investments and partnerships, this latest agreement represents the PlayStation maker’s formal entry into the crypto space. Sony had previously collaborated with the Astar Network on a Web3 incubation program and filed a patent for transferring non-fungible tokens (NFTs) across various games and consoles.

From this recent acquisition by Sony, we see the volatility and fluctuation of cryptocurrencies. Right on the heels of this announcement comes more exciting news from Harambe AI. Since October 2023, Harambe AI tokens have been gaining traction in the cryptocurrency world. They have exceeded the expectations of crypto gurus with its tremendous presale that went through the roof! And currently preparing for their launch on the 16th of July, 2024.

Growing Influence of Cryptocurrency

The involvement of major corporations like Sony in the crypto space highlights the increasing legitimacy and importance of digital assets. As more household names enter the market, investors can expect to see greater adoption of cryptocurrencies like Bitcoin and Ethereum, as well as innovative new tokens.

Introducing Harambe AI Tokens

Amidst the backdrop of the news of Sony’s adoption of Amber, comes Harambe AI Token launch..

This new cryptocurrency aims to combine the potential of artificial intelligence with blockchain technology, offering a unique value proposition in the crowded token market.

Harambe’s presale phase, which recently concluded, was met with overwhelming enthusiasm and support from the crypto community. Its presale exceeded $9 million! This successful presale is a testament to the growing interest and trust in the Harambe AI token. With the backing of a robust and engaged community, Harambe is confident that their official launch will mark the beginning of an exciting new chapter.

Key Features of Harambe AI Tokens

There are several key features that sets Harambe AI Tokens apart from other meme tokens. Harambe AI Token utilizes cutting-edge artificial intelligence to enhance blockchain functionality. It offers smart contract optimization, predictive market analysis, and automated trading strategies. The token also supports AI-driven governance, enabling more efficient decision-making within its ecosystem. Additionally, it provides access to exclusive AI-powered DeFi platforms and tools.

Advanced AI Integration

Leveraging the power of artificial intelligence, the Harambe AI token offers enhanced security, smarter transaction processing, and predictive analytics for better investment decisions.

Decentralization and Security

Built on a decentralized blockchain, Harambe AI tokens ensures transparency, security, and trust, aligning with the core principles of cryptocurrency.

Interoperability with Major Cryptocurrencies

The Harambe AI token creators designed it to work effortlessly with major cryptocurrencies like Bitcoin and Ethereum, allowing for smooth transactions and integrations.

Why Invest in Harambe?

Investors may be unsure of Harambe AI Tokens, since it only recently entered the crypto markets. However, here are several reasons why investing in Harambe AI tokens are a good bet for investors.

Innovation at Its Core

At the heart of the Harambe AI token is a commitment to innovation. By incorporating AI, Harambe provides a level of functionality and efficiency that sets them apart from other tokens. Their innovative technology not only enhances user experience but also provides valuable insights for investors.

Strong Market Potential

With the cryptocurrency market expanding and changing rapidly, there is immense potential for new and innovative tokens. The Harambe AI token is well-positioned to capitalize on this growth, offering unique benefits that cater to both tech-savvy investors and those new to the crypto world.

Community and Ecosystem

Harambe AI believes that a strong community is crucial for the success of any cryptocurrency. Their vibrant and growing community is at the core of their organization, driving development and adoption. By joining the Harambe AI token community, investors gain access to a network of like-minded individuals and resources.

Token Launch Details

The official launch of the Harambe AI token is set for July 16th. Investors and enthusiasts can participate by acquiring tokens through Harambe’s platform, with all necessary information and guides available on their website. This launch marks a pivotal moment in Harambe AI’s journey, inviting investors to join them in revolutionizing the crypto space.

From Bitcoin to AI-Powered Tokens

While established cryptocurrencies like Bitcoin and Ethereum continue to dominate the market, innovative new tokens like Harambe AI are pushing the boundaries of what’s possible with blockchain technology. As major corporations like Sony enter the space and new projects launch, the cryptocurrency ecosystem is becoming increasingly diverse and dynamic.

The launch of Harambe AI Token represents another step forward in the evolution of cryptocurrency. By combining AI capabilities with blockchain technology, it offers a glimpse into the potential future of digital assets.

What Token Buyers can expect on Harambe AI Token’s Launch Day

As the Harambe AI Token prepares for its launch today, here’s what potential investors and observers can look out for:

• Initial trading pairs and exchange listings
• Potential price volatility as the market determines fair value
• Announcements regarding future development roadmap and partnerships

Stay tuned for the launch on July 16th and be part of the future of cryptocurrency with the Harambe AI token.

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