Day: November 21, 2023

Future3 Campus and TON Foundation Announce Bootcamp for Mini-App Builders in Telegram’s Web3 Ecosystem

Zug, Switzerland, November 21st, 2023, Chainwire

Future3 Campus, in partnership with The Open Network (TON) Foundation, has today announced the launch of The TON Bootcamp, an incubation program to foster mini-app development within TON’s Web3 ecosystem in Telegram. The 15 selected teams may receive support for integrating into TON’s Web3 ecosystem and stand a chance to get up to USD $500,000 in funding from Future3 Campus. Applications to be selected for The TON Bootcamp are open until December 18, 2023.

The TON Bootcamp is a Web2.5 incubator, empowering developers to create mini-apps that bridge the Web2 experience with the decentralized benefits of Web3. The program will run for five months and offer selected participants a chance to receive significant funding for their projects. The Bootcamp is focused on supporting projects building real-world payment and gaming solutions to seamlessly integrate into TON’s flourishing Web3 ecosystem in Telegram.

Participants in the Bootcamp may take advantage of a spectrum of marketplace opportunities, including showcasing their projects on Tapps.Center, enjoying the same visibility that has brought other TON-based applications success. TON Foundation’s team of seasoned blockchain professionals will offer hands-on mentorship and guidance, helping developers navigate the intricacies of integrating their solutions within Telegram’s ecosystem.

The selected projects may also receive the funding and support necessary to deploy their mini-apps in a system designed for the mass adoption of Web3 products. These resources include marketing amplification within TON’s ecosystem and priority access to an active audience of over 800 million monthly users on Telegram. The TON Bootcamp may also equip projects with mentorship from leaders at top blockchain investment institutions and office spaces in Hong Kong, Singapore, and Japan. Bootcamp participants may have the opportunity to present their products and services to an audience of entrepreneurs, industry leaders, and investors at Web3 Festival 2024’s demo day pitch and showcase events.

The TON Bootcamp is an unprecedented opportunity for mini-app developers to transform their visions into reality. Builders worldwide are encouraged to seize this opportunity before applications close on December 18, 2023.

Projects seeking to apply for the TON Bootcamp may click here: https://echo3.ucraft.site

About The Open Network

The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON’s vision is to empower 800 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org/.

About Future3 Campus

The Future3 Campus is a Web3.0-oriented incubation platform powered by Wanxiang Blockchain Labs and HashKey Capital with a mission to promote and foster entrepreneurship and innovation in Web3.0. Focusing on Web3.0 Massive Adoption, DePIN and AI, the Future3 Campus kicks off a $50 million seed fund in Web3.0 incubation worldwide. For more information, please visit http://www.future3.io/#/home, or contact us at contact@future3.io.

 

Contact

TON Foundation
ton@theagencypartnership.com

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Binance CEO Changpeng Zhao to resign as part of DOJ settlement: report

Crypto flips red, with Bitcoin falling below $37k and BNB tanking 7% to $240 amid reports Binance CEO may resign’
A report by Forbes suggest the DOJ will make an announcement to that effect today.

The cryptocurrency market was retracing sharply on Tuesday afternoon as reports surfaced that Changpeng Zhao, the founder and CEO of Binance, may step down as part of a settlement with the US Department of Justice (DOJ).

CZ’s resignation could be part of DOJ’s anticipated announcement later on Tuesday, according a report by Forbes. Richard Teng  is allegedly poised to take over.

Richard Teng A Top Contender For New Binance CEO As CZ Steps Down: by @DavidJeans2 https://t.co/4iZfIsb37c

— Forbes Crypto (@ForbesCrypto) November 21, 2023

Amid the rumours and allegations, Bitcoin price fell below $37k and altcoins took a dive as Ethereum lost the $2k mark.  BTC fell 3% to $36,797 and ETH 4% to $1,968, while Binance’s native coin that had rallied just a few hours earlier, had nosedived more than 7% to below $240 at the time of writing.

Overall, the crypto market cap was down 1.7% to $1.44 trillion.

As reported yesterday, the DOJ was said to be looking for over $4 billion from Binance as settlement. Now it appears Changpeng Zhao is likely to step down from the helm of the world’s largest cryptocurrency exchange as part of the deal to drop criminal investigations against the exchange.

An announcement by the US Attorney General Merrick Garland is expected to reveal the bombshell, with reports suggesting CZ will plead guilty to charges levelled against him and the exchange.

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DOJ seizes $9M worth of Tether linked to ‘pig butchering’ scam

The US Department of Justice (DOJ) has allegedly seized $9 million in the stablecoin Tether (USDT).
The funds were linked to a crypto romance and confidence scam called “pig butchering.”
On Monday Tether announced it had frozen $255 million linked to a human trafficking scheme.

The US Department of Justice (DOJ) has announced the seizure of $9 million in the stablecoin Tether (USDT), the government agency said in a press release on Tuesday.

Another Tether news related to a scam follows yesterday’s announcement that the USDT issuer had frozen millions of its own crypto token held in wallets associated with human traffickers.

DOJ seized $9 million in Tether’s USDT

According to the DOJ, the funds were seized from wallets linked to an organisation that alleged to have exploited more than 70 victims via romance and crypto confidence scams dubbed “pig butchering.”

These scammers prey on ordinary investors by creating websites that tell victims their investments are working to make them money. The truth is that these international criminal actors are simply stealing cryptocurrency and leaving victims with nothing,” Nicole M. Argentieri, the Ag. Attorney General of the Justice Department’s Criminal Division, said.

The crypto seizure came about after extensive investigation and collaboration between the DOJ and US Secret Service agents and analysts, the DOJ noted. As reported, the perpetrators allegedly laundered this money across multiple exchanges and addresses, employing a technique known as “chain hopping.”

Investigations into the scam were conducted by the US Secret Service, San Francisco Field Office.

Today’s announcement by the DOJ comes a day after Tether revealed it had frozen over $255 million in USDT. The funds were linked to a human trafficking scheme in Southeast Asia.

Per the crypto company, the USDT freeze was a collaborative effort between Tether and crypto exchange OKX.

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Fantom awards $1.7M to security researcher for averting $170M loss

The Fantom Foundation says the $1.7 million is bounty for a security researcher whose quick alert helped prevent a potential $170 million hack.
Fantom had lost $550k in October, with the hack targeting a reassigned wallet seeing an employee lose $7 million.

The Fantom Foundation, the non-profit organisation behind the crypto platform Fantom, rewarded a security researcher whose efforts helped foil a potential catastrophic hack.

Fantom’s award of $1.7 million was revealed in a blog post on Monday, November 20. 

Bounty relates to $550k hack

According to the Fantom Foundation, the bounty relates to the October 17 incident that saw an attacker drain over $550k from a Fantom wallet that had been reassigned to an employee. The “targeted attack” reportedly saw the employee lose over $7 million.

pic.twitter.com/gShkT3C9XV

— Fantom Foundation (@FantomFDN) October 17, 2023

But while Fantom Foundation maintained its wallets were not impacted in any major way, with funds safe, a researcher found a vulnerability that exposed them to more damage.

A security researcher identified an additional potential risk associated with the compromise and reached out promptly to alert us,” the platform noted in the blog post.

$170 million hack prevented

The alert by the unidentified researcher pointed to the potential risk posed to Fantom’s ERC-20 FTM contract. Apparently, the previous attack on the said wallet had left it vulnerable to an attack that could see the hacker(s) mint FTM tokens on Ethereum. The compromised wallet held “a dormant admin token.”

According to the Fantom Foundation, the blockchain researcher’s quick response helped avert a possible loss of $170 million. For his efforts, the researcher has been awarded $1.7 million.

That incident came roughly three months after Fantom suffered a $126 million exploit in July. 

The security breach and subsequent heist was related to the Multichain bridge hack. Efforts to prevent such losses have seen the Fantom team take a robust approach to network security

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Bitget expands ecosystem with the listing of Vertex (VRTX) token

Victoria, Seychelles, November 21st, 2023, Chainwire

Bitget, a leading cryptocurrency exchange and Web3 company, is excited to announce the listing of Vertex (VRTX) token, adding another layer of innovation to its robust platform. This strategic move further solidifies Bitget’s commitment to providing users with access to cutting-edge projects that drive the evolution of decentralized finance (DeFi).

Vertex is a groundbreaking project in the decentralized finance (DeFi) space, offering a unique approach to liquidity provision and decentralized algorithmic trading. The platform boasts a sophisticated infrastructure that utilizes advanced technologies to optimize trading strategies and enhance overall user experience. With its focus on efficiency, security, and sustainability, Vertex stands out as a transformative force in the DeFi landscape.

VRTX introduces a paradigm shift in decentralized finance (DeFi) with its innovative features. Through its decentralized liquidity pool, users actively contribute liquidity, enabling efficient trading and earning rewards. The platform’s decentralized algorithmic trading is designed to optimize trading strategies, maximizing opportunities while minimizing risks. Additionally, Vertex empowers its community through a governance token (VRTX), ensuring a decentralized and community-driven ecosystem where users actively participate in crucial decision-making processes.

Aside from their innovative product, Vertex has recently garnered strategic investment from Wintermute Ventures, further validating the project’s potential. The collaboration between Vertex and Wintermute Ventures underscores the industry’s recognition of the project’s innovative approach and the shared vision for the future of decentralized finance.

“Listing Vertex (VRTX) on Bitget aligns with our commitment to providing our users with access to projects at the forefront of DeFi innovation,” says Gracy Chen, Managing Director at Bitget. “Vertex brings a unique blend of decentralized liquidity provision and algorithmic trading, enhancing the trading experience for our growing community.”

About Bitget

Established in 2018 Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Website
Twitter
Telegram
LinkedIn
Discord
Bitget Wallet

 

Contact

Rachel Cheung
media@bitget.com

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CredixFinance (CREDIX) plunges 100% after Rug Pull

CREDIX token value has plunged by 100%.
The price drop is attributed to a Rug Pull as reported PeckShieldAlert.
The rug pull involved a wallet address that executed a swap transaction.

In a recent turn of events, the cryptocurrency CredixFinance (CREDIX) has experienced a staggering 100% decline, leaving investors and the crypto community in disbelief.

The sudden drop in CREDIX’s value was not a market-driven phenomenon but rather a result of a rug pull incident.

PeckShieldAlert, a reputable on-chain analysis company, reported that the wallet address 0x45aF…a448 played a pivotal role in executing a surprising swap. A massive 2,200,000,000,000 CREDIX tokens, equivalent to approximately $82,900, were replaced with 41.26 WETH, causing immediate concerns and speculations within the cryptocurrency field.

#PeckShieldAlert #slippage CredixFinance $CREDIX has dropped -100%

The address 0x45aF…a448 has swapped 2,200,000,000,000,000 $CREDIX for 41.26 $WETH (~$82.9K)

*Note*: The #rugpull token may share the same name as the legitimate ones pic.twitter.com/yxO2A1Px51

— PeckShieldAlert (@PeckShieldAlert) November 21, 2023

The CredixFinance Rug Pull

What adds a layer of complexity to the CredixFinance rug pull incident is the fact that the token involved shares the same name as legitimate tokens. This raises questions about the intentions behind the transaction. Was it a deliberate attempt to deceive investors by leveraging the similarity in names?

The consequences of this rug pull are clear – a 100% drop in CREDIX price, impacting both investors and token owners. As the crypto community navigates through this unfortunate incident, caution becomes paramount. This event serves as a stark reminder of the importance of comprehensive research and risk assessment in the dynamic and sometimes volatile world of cryptocurrencies.

Rug pull incidents not only have economic repercussions, causing significant financial losses for investors, but also contribute to a loss of trust within the crypto space. Such incidents may prompt investors to distance themselves from the industry due to heightened scepticism.

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Shiba Memu’s presale tops $4.5 million as $100k giveaway continues

Key takeaways

Shiba Memu’s presale has officially surpassed the $4.5 million mark.

The project’s $100k giveaway continues.

The cryptocurrency market has performed well this month, with altcoins rallying higher. Shiba Memu’s presale continues to reach new milestones and has now crossed the $4.5 million mark.

Shiba Memu continues its $100k giveaway

The Shiba Memu team announced via X (formerly Twitter) earlier today that its $100k giveaway contest is still ongoing. The team is seeking away $100k worth of SHMU tokens to the lucky participants as it looks to boost engagement in its project. According to the team, those holding $100 worth of SHMU are eligible to participate in this contest.

Rev up with Shiba Memu’s $100K giveaway!🤑

It’s a high-octane presale race, and the finish line could be your jackpot moment.🏁

Buckle up and hit the gas!🚗

😈ENTER NOW: https://t.co/6C0EDwsVsp#Giveaway pic.twitter.com/vluHWjrlQe

— Shiba Memu (@shibamemu) November 20, 2023

What is Shiba Memu?

Shiba Memu is a meme token project that aims to become a leader in its industry. So far, the project has raised more than $4.5 million and might reach the $5 million milestone soon. 

According to their whitepaper, Shiba Memu will launch a platform that will leverage AI and blockchain technology to ease marketing activities for individuals and entities.  Shiba Memu will handle the various marketing activities of agencies. The use of AI will ensure Shiba Memu works 24/7 to generate exciting content to help companies and individuals market their products and services. 

Shiba Memu will be launched as a meme token following the recent popularity of meme coins like Shiba Inu and Dogecoin. Over the last three year years, the market cap of meme coins grew from practically $0 to reach the $35 billion mark in 2023. 

There are thousands of meme coins with no real use cases. However, Shiba Memu differs in that it offers real-world use cases to its users. The platform has utility and will solve real-world problems for companies and individuals. 

Users can enjoy various marketing features offered by Shiba Memu. The project will help users develop their marketing strategies, write their PRs, and promote their services on relevant forums and social networks.

At the moment, the project operates on two major blockchains, Ethereum and BNB Chain

Shiba Memu’s presale tops $4.5 million

The Shiba Memu presale has been recording massive growth in recent weeks and has now surpassed the $4.5 million mark. 

Most of the funds generated via the presale would be directed towards developing the various Shiba Memu products. The Shiba Memu AI technology will take the lion’s share as it will be the primary technology powering the platform. 

Click here to find out more about Shiba Memu’s presale event. 

Should you invest in Shiba Memu today?

The cryptocurrency market is up by nearly 100% year-to-date. Bitcoin and other major cryptocurrencies have been performing excellently over the last few months. If the trend continues, the market could experience further gains next year. 

Shiba Memu could be one of the biggest winners in the upcoming bull run. Shiba Memu’s interest continues to go up as its stage-two presale stage now nears completion. 

The post Shiba Memu’s presale tops $4.5 million as $100k giveaway continues appeared first on CoinJournal.

Memeinator raises over $1.4m as the stage-7 presale draws closer

Key takeaways

The Mememinator project has raised more than $1.4 million so far.

The sixth presale stage is close to an end and the team will initiate the seventh stage soon.

November has been an excellent month for the cryptocurrency market so far, with the prices of most coins up by 20% over the last few days. Memeinator is still in its presale stage and has raised a significant amount so far. 

What is Memeinator?

Memeinator is a Web3 project that seeks to become one of the leading meme coins in the world. It has a unique project perspective and is offering value to investors and content creators.

According to the whitepaper, the team is leveraging the recent growth of the meme coin industry and intends to provide users with a wide range of utilities. 

Memeinator will be a project that destroys worthless memes on the internet, allowing users to have access to only quality memes. 

Memeinator wants to set itself apart from the thousands of other meme coins in the crypto space that have no real-world use case. It is set to leverage AI technology to identify worthless memes, allowing content creators and other users to know them and steer clear of them. 

The team are working hard to ensure Memeinator gets to a market cap of $1 billion once it starts trading on cryptocurrency exchanges. The whitepaper already contains a detailed roadmap that shows how the team intends to achieve its objectives. 

The Memeinator presale has been attaining new milestones since it began. The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0133. The price will rise to $0.0485 by the end of the presale, giving early investors a massive 264% ROI at listing. 

Memeinator to enter the seventh stage of the presale

The Memeinator presale launched a few weeks ago and the team has raised nearly $1.5 million so far. Investors can purchase the Memeinator token (MMTR) using ETH, USDT and USDC stablecoins. 

Currently, the MMTR token is available to investors on the BNBChain and Ethereum blockchains. Investors can purchase the MMTR token by connecting any of the supported wallets to the Memeinator website and purchase the tokens using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale gaining traction?

Memeinator continues to gather momentum from investors thanks to its unique value proposition. The MMTR token is set to be very active within the Memeinator ecosystem

By leveraging AI to analyze and evaluate memes on the internet, Memeinator could gain massive adoption by content creators and other groups of users. With Memeinator, the low-quality memes will be replaced or destroyed. 

Furthermore, early investors could record excellent profits thanks to the unique tokenomics approach the team adopted. The MMTR token comes with some exciting features, including deflationary mechanisms and rewards for holders. According to their whitepaper, 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

Is the Memeinator a good investment? 

Memeinator is a unique project that could prove to be an excellent investment for investors. The project will be leevraging AI technology to provide excellent utilities to users, especially content creators. 

The design is to make Memeinator a billion-dollar project and if that happens, early investors could record massive profits. 

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Bitget to list Pyth Network (PYTH): Enhancing access to reliable price oracles

Victoria, Seychelles, November 20th, 2023, Chainwire

Bitget, the leading global cryptocurrency exchange and web3 company, is thrilled to announce the listing of Pyth Network (PYTH) on its platform. PYTH, a robust decentralized network providing real-world market data, plays a pivotal role in the broader blockchain ecosystem, delivering reliable price oracles essential for decentralized applications (dApps) and DeFi protocols. Deposits for PYTH token are open, spot grid trading will go live within 24 hours from the listing.

PYTH operates as a decentralized oracle network, offering accurate and timely price feeds for a wide range of assets. By providing transparent and reliable market data, PYTH contributes to the efficiency and trustworthiness of decentralized applications across various blockchain networks.

The decentralized nature of PYTH ensures that the information it provides is resistant to manipulation, creating a secure foundation for smart contracts and DeFi applications that depend on precise and up-to-date pricing data.

PYTH introduces a paradigm shift with its decentralized oracle network. Ensuring security through a network of nodes, PYTH provides real-time market data by aggregating and verifying information from diverse sources. What sets PYTH apart is its cross-chain compatibility, offering price oracles for assets across different blockchain networks. This not only enhances interoperability in decentralized finance but also underscores PYTH’s commitment to reliability and trustworthiness, achieved through a decentralized consensus mechanism and robust infrastructure.

Gracy Chen, Managing Director of Bitget, says “PYTH’s real-time market data and cross-chain compatibility aligns with our commitment in offering innovative and reliable tools for traders. This listing exemplifies Bitget’s dedication to providing access to cutting-edge projects, empowering our community with the latest advancements in the cryptocurrency space.”

The listing of PYTH on Bitget reflects the platform’s dedication to offering its users access to innovative projects based on emerging technologies. As a prominent player in the cryptocurrency and blockchain space, Bitget continues to expand its offerings, providing a diverse range of assets and features to cater to the evolving needs of its global user base.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Website
Twitter
Telegram
LinkedIn
Discord
Bitget Wallet

 

Contact

Public Relations
Simran
Bitget
media@bitget.com

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