🚀 Truflation Responds to Security Incident, Ensures User Funds Are Safe
#Truflation #SecurityIncident #UserFunds #HackerAttack #Investigation #LawEnforcement #IndustryPartners #CryptoSecurity
According to PANews, Truflation has issued an update on the security incident via the X platform. The company is actively monitoring the situation and taking swift measures to protect user funds. It has confirmed that no customer funds or staked assets have been affected. Truflation has contacted law enforcement and is closely cooperating with them to investigate the incident. Additionally, the company is working with leading industry partners to clarify the event.
Earlier today, it was reported that Truflation suffered a hacker attack, resulting in a loss of approximately $5 million.#Truflation #SecurityIncident #UserFunds #HackerAttack #Investigation #LawEnforcement #IndustryPartners #CryptoSecurity
🚀 Mantle Users to Redeem EigenLayer Points for EIGEN Soon
#Mantle #EigenLayer #EIGEN #crypto #blockchain
According to Odaily, Mantle has announced via X that its users will soon be able to redeem their EigenLayer points for EIGEN. Further updates on this development are expected to be released shortly.#Mantle #EigenLayer #EIGEN #crypto #blockchain
🚀 BlackRock Bitcoin And Ethereum Trusts See Significant Increases In Net Assets
#BlackRock #Bitcoin #Ethereum #Trusts #NetAssets #iShares #ETF #Finance #Investment
According to Odaily, recent monitoring by Trader T revealed notable changes in the net assets of BlackRock's iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA) as of September 25. The IBIT saw an increase of $43 million in outstanding debt, leading to an adjusted net asset increase of $140.91 million. Similarly, the ETHA experienced an $8.6 million rise in outstanding debt, resulting in an adjusted net asset increase of $800,000.#BlackRock #Bitcoin #Ethereum #Trusts #NetAssets #iShares #ETF #Finance #Investment
🚀 Ethereum(ETH) Surpasses 2,600 USDT with a Narrowed 1.54% Decrease in 24 Hours
#Ethereum #ETH #USDT #Binance #cryptocurrency #marketdata
On Sep 26, 2024, 03:17 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,600 USDT benchmark and is now trading at 2,601.48999 USDT, with a narrowed narrowed 1.54% decrease in 24 hours.#Ethereum #ETH #USDT #Binance #cryptocurrency #marketdata
🚀 Russian Authorities Crack Down On Illegal Cryptocurrency Mining In Dagestan
#RussianAuthorities #CryptocurrencyMining #Dagestan #IllegalMining #UndergroundMining #Makhachkala #EnergyInfrastructure #PowerOutages #LawEnforcement #BlockBeats
According to BlockBeats, on September 26, the government of Dagestan, Russia, announced a joint operation by local law enforcement and energy officials to combat illegal cryptocurrency mining activities. The operation led to the discovery of an underground cryptocurrency mining facility in the capital city of Makhachkala.
The Dagestan Cabinet of Ministers reported via Telegram that law enforcement officers found 17 cryptocurrency mining devices several meters underground in the Sergokalinsky district of Makhachkala. To evade regulation, illegal miners have been setting up underground mining farms and mobile mining units across Dagestan. These illicit activities have caused significant disruptions, including a fire at the 110 kV Novaya substation, which resulted in power outages in parts of the capital for several days. The government has allocated approximately 3 billion rubles (around 32.5 million USD) to repair the damaged energy infrastructure.
The Dagestan government is working closely with the state-owned power supplier Rosseti's North Caucasus branch, Dagenergo, to tackle illegal mining operations.#RussianAuthorities #CryptocurrencyMining #Dagestan #IllegalMining #UndergroundMining #Makhachkala #EnergyInfrastructure #PowerOutages #LawEnforcement #BlockBeats
🚀 Bitcoin Spot ETF Demand Rebounds With Positive Net Change
#Bitcoin #ETFDemand #CryptoQuant #KiYoungJu #PositiveChange #BitcoinETF #BTC
According to Odaily, CryptoQuant CEO Ki Young Ju announced on X that the demand for Bitcoin spot ETFs has rebounded. The 30-day total net change in holdings has turned positive.#Bitcoin #ETFDemand #CryptoQuant #KiYoungJu #PositiveChange #BitcoinETF #BTC
🚀 South Korea Fines Worldcoin Foundation And Tools For Humanity For Data Protection Violations
#SouthKorea #Worldcoin #ToolsForHumanity #DataProtection #Fines #PersonalData #PrivacyViolation #BiometricData #Cryptocurrency #WLD
According to PANews, the South Korean Personal Information Protection Commission (PIPC) has imposed fines on the Worldcoin Foundation and Tools for Humanity (TFH) for violating personal data protection laws. The Worldcoin Foundation was fined 725 million KRW (approximately 546,000 USD) for improperly handling sensitive information and transferring it abroad. Tools for Humanity (TFH) received a fine of 379 million KRW (approximately 285,000 USD) for breaching local regulations on the transmission of personal data overseas. The investigation began in February following complaints and reports that Worldcoin collected biometric data without permission to provide cryptocurrency services.#SouthKorea #Worldcoin #ToolsForHumanity #DataProtection #Fines #PersonalData #PrivacyViolation #BiometricData #Cryptocurrency #WLD
🚀 Russia Faces Rising Cybercrime Losses Exceeding $1.25 Billion
#Russia #Cybercrime #Losses #DigitalCrimes #NationalEconomy #PropertyRights #ITCrime #InformationSecurity #Cybersecurity
According to Odaily, Russian Interior Minister Vladimir Kolokoltsev revealed during a meeting of the Public Council of the Ministry of Internal Affairs on Wednesday that cybercrime in Russia has resulted in losses exceeding $1.25 billion since the beginning of this year. He explained that both individuals and organizations, including government agencies, frequently fall victim to digital crimes. Kolokoltsev emphasized that these crimes pose an increasing threat to the national economy and citizens' property rights.
Kolokoltsev, as cited by TASS, stated, 'In the past five years, the number of illegal activities in cyberspace has more than doubled. Today, their share remains significant, accounting for about 40% of the total. For serious and particularly serious crimes, this figure has reached 60%. This causes significant damage to the economy and citizens' property rights. Since the beginning of this year alone, the total loss has exceeded 116 billion rubles.'
To address this rising trend, the Ministry of Internal Affairs has been working to strengthen its IT crime department. Kolokoltsev highlighted educational efforts, noting that nearly 1,000 students are currently enrolled in computer and information security courses, and over 750 employees of the ministry have also upgraded their qualifications. Kolokoltsev stated that these initiatives are proving effective.#Russia #Cybercrime #Losses #DigitalCrimes #NationalEconomy #PropertyRights #ITCrime #InformationSecurity #Cybersecurity
🚀 Oasys, Arbitrum Foundation, And Uprising Launch Game-Focused Blockchain
#Oasys #Arbitrum #Uprising #BlockchainGaming #Web3 #ArbitrumOrbit #GamingRevenue #Ethereum #ARB
According to Odaily, Oasys, Arbitrum Foundation, and L2 project Uprising have collaborated to introduce a game-centric blockchain named Arbitrum Orbit. The team stated, 'L2 gaming revenue blockchain Uprising and L1 gaming chain Oasys are working together to enhance Web3 gaming through Arbitrum Orbit technology. This marks the first deployment of Arbitrum Orbit in the gaming sector beyond Ethereum, showcasing the shared vision of both parties for the future of blockchain gaming.'#Oasys #Arbitrum #Uprising #BlockchainGaming #Web3 #ArbitrumOrbit #GamingRevenue #Ethereum #ARB
🚀 SWIAT And Olea Partner To Tokenize Receivables For Trade Financing
#SWIAT #Olea #Tokenization #Receivables #TradeFinancing #Blockchain #BaselIII #DigitalFinance #DekaBank #SCVentures #StandardChartered #Innovation #GlobalBusiness #Efficiency #Transparency
According to Odaily, Frankfurt-based blockchain software developer SWIAT has recently announced a partnership with Singapore's digital financial market infrastructure, Olea. The collaboration aims to prepare for financing by tokenizing receivables generated from suppliers' delivered goods. SWIAT's blockchain infrastructure, designed to meet stringent regulatory requirements such as the upcoming Basel III, provides the technical foundation for this approach. Olea's platform will then match the tokenized receivables with suitable funders. DekaBank, a joint venture partner of SWIAT, is the first funder for these tokenized receivables. By leveraging blockchain technology, SWIAT and Olea seek to address challenges in traditional trade financing, such as slow processing times, complex documentation, high costs, and risks of fraud and errors, creating a more efficient and transparent ecosystem for global businesses. Both companies are supported by SC Ventures, the innovation arm of Standard Chartered Bank, and this partnership will enable them to expand their operations in Singapore and Germany.#SWIAT #Olea #Tokenization #Receivables #TradeFinancing #Blockchain #BaselIII #DigitalFinance #DekaBank #SCVentures #StandardChartered #Innovation #GlobalBusiness #Efficiency #Transparency
🚀 US Lin Group Announces Blockchain Platform Launch at Kuala Lumpur Expo
#USLinGroup #Blockchain #KualaLumpurExpo #Web3 #Metaverse #AI #RealWorldAssetTokenization #InnovationFund #BlockchainGames #AssetSecuritization #DigitalAssets #FinancialTechnology #TechInnovation #GlobalListing #TechnologyInnovation #Crypto
According to BlockBeats, during the 6th Kuala Lumpur Expo on September 25, Mr. Lin Jianzhong, Chairman of the Board of Directors of the US Lin Group, announced the group's plan to establish a compliant blockchain trading platform through its subsidiary, Great East Asia Bank. This move marks the group's official entry into the Web3, Metaverse, and AI sectors. Mr. Lin stated, 'Blockchain technology and its derivative Web3 ecosystem will bring revolutionary changes to the traditional financial industry.' The US Lin Group intends to utilize its hotel assets' RWA (Real World Asset Tokenization) to create an innovation fund, incubating AAA-level Web3 blockchain games such as Infinitar and RuneSoul, and further expanding into new financial fields to achieve asset securitization and global listing.
The compliant blockchain trading platform is a core part of the US Lin Group's strategic layout, providing investors with a secure and transparent trading platform to ensure the compliance of Web3 and digital assets. By adopting the RWA model, the group will digitize its hotel assets, unlocking asset liquidity and providing continuous funding support for the innovation fund, thereby promoting the development of future Web3 and technology projects.
Great East Asia Bank has extensive experience in financial technology, and this foray into the blockchain and Web3 sectors is a significant step for the US Lin Group in keeping with technological innovation trends. Additionally, the US Lin Group will host the 'Tech Innovation Oscar Conference' in the United States in October, further driving global technological innovation and bringing significant opportunities to the industry.#USLinGroup #Blockchain #KualaLumpurExpo #Web3 #Metaverse #AI #RealWorldAssetTokenization #InnovationFund #BlockchainGames #AssetSecuritization #DigitalAssets #FinancialTechnology #TechInnovation #GlobalListing #TechnologyInnovation #Crypto
🚀 Hyperbridge And ZkVerify Collaborate To Reduce Cross-Chain ZKP Verification Costs
#Hyperbridge #ZkVerify #CrossChain #ZKP #ZeroKnowledgeProof #Blockchain #Ethereum #CryptoTechnology #CostReduction #Scalability
According to Odaily, Hyperbridge has announced a collaboration with ZkVerify to provide cross-chain zero-knowledge proof (ZKP) verification, potentially reducing costs by over 90%. ZkVerify is a blockchain that offers zero-knowledge proof verification, while Hyperbridge functions as a coprocessor that performs verification operations off-chain and securely reports the results.
The team explained that ZkVerify handles computationally intensive off-chain proof verification, enhancing scalability. Hyperbridge enables the verification proofs to be accessed across multiple blockchain networks, thereby reducing gas fees. This partnership addresses Ethereum's limitations and supports broader crypto technology, offering innovative and cost-effective ZKP solutions for developers and end-users across various blockchains.#Hyperbridge #ZkVerify #CrossChain #ZKP #ZeroKnowledgeProof #Blockchain #Ethereum #CryptoTechnology #CostReduction #Scalability
🚀 Defi Arbitrage Trading Expected To Surge With Further Interest Rate Cuts
#Defi #Arbitrage #Trading #InterestRateCuts #GovernmentBonds
According to BlockBeats, on September 26, Shen Yu (@bitfish1) posted on social media that with further interest rate cuts, a significant increase in Defi arbitrage trading is anticipated. The current structure, where government bonds serve as the primary source of Defi yields, may soon be disrupted, signaling an imminent reversal.#Defi #Arbitrage #Trading #InterestRateCuts #GovernmentBonds
🚀 GFT And Red Date Technology Integrate Stablecoins And CBDC Sandbox Into UDPN
#GFT #RedDateTechnology #Stablecoins #CBDC #UDPN #Hedera #DigitalCurrency #PaymentApplications
According to Odaily, global IT engineering and solutions provider GFT and decentralized cloud infrastructure company Red Date Technology have integrated stablecoins based on the Hedera network and the EMTECH CBDC Sandbox into the Universal Digital Payment Network (UDPN). The team stated that this integration will facilitate the creation of programmable payment applications using stablecoins and CBDCs on Hedera. In this proof of concept, GFT developed and integrated two custom transaction nodes, connecting the UDPN to digital currency systems through a transaction gateway—one for stablecoins in the Hedera Stablecoin Studio and another for CBDCs in the EMTECH CBDC Sandbox.#GFT #RedDateTechnology #Stablecoins #CBDC #UDPN #Hedera #DigitalCurrency #PaymentApplications
🚀 Theta Labs Launches Mobile EdgeCloud for Android Users
#ThetaLabs #EdgeCloud #Android #TFUEL #DePIN #AI #GPU #VideoObjectDetection #VOD_AI #Blockchain
According to Odaily, Theta Labs, the development team behind the entertainment-focused blockchain project Theta Network, has introduced a mobile version of EdgeCloud. This new application allows Android users to contribute their spare GPU power to the Theta EdgeCloud network and earn TFUEL tokens in return. The app is now available on Google Play, enabling users to provide idle resources to support AI research in media, healthcare, and finance sectors. Utilizing DePIN, Theta EdgeCloud reduces the cost of GPU-intensive tasks by over 50% compared to traditional cloud providers, offering scalable and decentralized AI model training and inference services.
The official blog states that the Theta team has successfully implemented a video object detection AI model (VOD_AI) on consumer-grade Android mobile devices. This model performs genuine computation at the edge, achieving high scalability and coverage. VOD_AI is a computer vision technology that scans video frames to detect potential objects and draws bounding boxes around them. It uses artificial intelligence to analyze video frames and identify objects, functioning similarly to the human visual cortex.#ThetaLabs #EdgeCloud #Android #TFUEL #DePIN #AI #GPU #VideoObjectDetection #VOD_AI #Blockchain
🚀 Worldpay Plans to Participate in Blockchain Transaction Verification
#Worldpay #Blockchain #TransactionVerification #DigitalLedger #Web3 #Crypto #Validator #PaymentProcessing #Stablecoins #FinancialTechnology
According to BlockBeats, payment giant Worldpay Inc. is set to directly engage in the process of verifying blockchain transactions for the first time. This move aims to enhance the company's understanding of digital ledger operations.
Sanchit Mall, Worldpay's head of Web3 and crypto in the Asia-Pacific region, stated that the payment provider, which supports over one million merchants globally, is in discussions with selected blockchains to become a validator. 'Our idea is to be part of the foundational ecosystem,' Mall said, 'as funds will increasingly flow through digital ledgers in the future, and Worldpay intends to be involved in blockchain infrastructure.'
Mall also revealed that the company has processed $1.3 billion in payments using stablecoins so far this year, a significant increase from less than $1 billion in 2023.#Worldpay #Blockchain #TransactionVerification #DigitalLedger #Web3 #Crypto #Validator #PaymentProcessing #Stablecoins #FinancialTechnology
🚀 BNB Surpasses 590 USDT with a Narrowed 2.14% Decrease in 24 Hours
#BNB #USDT #Cryptocurrency #MarketData #Binance #PriceUpdate #Trading
On Sep 26, 2024, 05:31 AM(UTC). According to Binance Market Data, BNB has crossed the 590 USDT benchmark and is now trading at 590 USDT, with a narrowed narrowed 2.14% decrease in 24 hours.#BNB #USDT #Cryptocurrency #MarketData #Binance #PriceUpdate #Trading
🚀 Web3 Security Platform G8keep Co-Founder Announces Closure Of Gaslite
#Web3 #G8keep #Gaslite #Security #Transparency #Blockchain #CoFounder #TechNews #Startup #Ecosystem
According to Odaily, Pop Punk, co-founder of Web3 security and transparency platform g8keep and Gaslite, announced on X the official closure of Gaslite, stating it is the best decision at this time. He explained that since the launch of g8keep a few months ago, it has consumed all his energy. Punk emphasized that if he cannot fully commit to Gaslite, it would be inappropriate to continue its operations. Looking ahead, his sole focus will be on g8keep, which he believes has the potential to make a more significant impact on the ecosystem compared to Gaslite.
The past few months have been extremely hectic, Punk noted. Despite gas fees being at historic lows, Gaslite's business has never truly slowed down. He expressed deep gratitude for the trust people have placed in his brand and their willingness to collaborate with Gaslite, even if it only saved their users a small amount of money.#Web3 #G8keep #Gaslite #Security #Transparency #Blockchain #CoFounder #TechNews #Startup #Ecosystem
🚀 South Korean Lawmaker Proposes Amendment To Protect Crypto Investors
#SouthKorea #CryptoInvestors #VirtualAssets #InvestorProtection #ExchangeBankruptcy #Legislation
According to PANews, South Korean Democratic Party lawmaker Park Sang-hyuk has proposed an amendment to the Virtual Asset User Protection Act. This amendment aims to safeguard investors' cryptocurrencies in the event of an exchange bankruptcy. The proposed changes would prevent virtual assets from being used to settle debts or being confiscated, ensuring that these assets are prioritized for return to users. The current law has faced criticism for potentially leaving users unable to recover their cryptocurrencies if an exchange goes bankrupt.#SouthKorea #CryptoInvestors #VirtualAssets #InvestorProtection #ExchangeBankruptcy #Legislation
🚀 Hong Kong Police Arrest Two Men In Cryptocurrency Theft Case
#HongKong #Police #Cryptocurrency #Theft #Arrest #Investment #Crime #VirtualCurrency #ShamShuiPo #Fraud
According to PANews, Hong Kong police have arrested two men in connection with a theft case involving a cryptocurrency exchange shop in the Sham Shui Po district, with the amount involved totaling HKD 4 million. Senior Inspector Leung Wai-hin of the Sham Shui Po District Crime Squad stated that a 43-year-old local man brought HKD 4 million in cash to a cryptocurrency exchange shop in a mall on Cheung Sha Wan Road on Monday afternoon to purchase virtual currency. After handing the cash to a female shop assistant, the assistant went into a room inside the shop. The man became suspicious while waiting and attempted to leave the shop, only to find himself locked inside, prompting him to call the police. Following an investigation and intelligence analysis, police arrested two men holding Hong Kong identity cards on charges of conspiracy to steal on the day before and the day of the incident. The police are currently pursuing other individuals involved in the case and tracking the whereabouts of the stolen funds. The cryptocurrency exchange shop in question had been operating for about a month and a half, with proper decoration and design, but did not operate for long hours. The victim had previously conducted two successful transactions of approximately HKD 400,000 and HKD 800,000 in early September, which led him to trust the shop and increase his investment to HKD 4 million. The police also mentioned that the West Kowloon District received 12 similar cases involving cryptocurrency transactions in the first nine months of this year. In these cases, victims went to cryptocurrency exchange shops to conduct cash transactions and were either robbed of their money or did not receive the corresponding amount after transferring cryptocurrency, with the total amount involved reaching HKD 10.8 million.#HongKong #Police #Cryptocurrency #Theft #Arrest #Investment #Crime #VirtualCurrency #ShamShuiPo #Fraud