Connect with us

Blockchain

$50M Drained From Uranium Finance: Hack or Rug Pull?

Another security breach on a DeFi project running on Binance Smart Chain sees $50 million allegedly stolen from Uranium Finance.

Avatar

Published

on

$50 million worth of various cryptocurrencies has disappeared from the automated market maker platform running on the Binance Smart Chain – Uranium Finance. While the team behind the project claims the funds were stolen, the cryptocurrency community speculates of a possible rug pull.

$50M Gone From Uranium Finance

The DeFi project took it to Twitter today to explain the exploit which targeted its v2.1 token migration event. More specifically, Uranium argued that the hackers took advantage of bugs in the project’s balance modifier logic. This enabled them to inflate the balance by a factor of 100 and ultimately to drain roughly $50 million.

On-chain data indicates that the stolen funds include 80 BTC, 1,800 ETH, 26,500 DOT, 638,000 ADA, 112,000 u92 (the project’s native coin), and 5.7 million USDT.

As of writing these lines, most of the stolen funds are still located in a contract created by the hacker with over $37 million in BNB and BUSD.

The perpetrators have reportedly employed the services of Tornado Cash – an Ethereum privacy instrument – to move 2,400 ETH (worth nearly $6 million). Etherscan shows that all transactions were made in batches of 100 ETH.


ADVERTISEMENT

Uranium reassured its users that the project is “in contact with Binance Security Team and in the process of escalating this.”

More to the Story?

The ever-vocal crypto community questioned Uranium’s narrative saying the project was indeed exploited. With history showing countless rug pulls, especially in DeFi, numerous people suggested that this could have been an inside job.

The Binance Smart Chain also attracted some heat with the growing number of rug pulls conducted on projects running on top of the network lately.

Additionally, Uranium’s case breached another widely-discussed topic within the community – should the organizations behind the so-called decentralized platforms indeed interfere. Lex Moskovski, the CEO at Moskovski Capital, offered an intriguing outlook on the matter:

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/50m-drained-from-uranium-finance-hack-or-rug-pull/

Blockchain

DOGE Co-founder Reveals the Reasons Behind its Price Rise

Avatar

Published

on

Table of Contents

Rate this post

Billy Markus, who created Dogecoin back in 2013 with Jackson Palmer has taken to Twitter (where he dwells as “Shibetoshi Nakamoto”) to share his take on the recent Dogecoin rally.

According to him, the Dogecoin market is hugely driven by emotion and sentiment. The price of DOGE in the market is moved by people’s decisions, made for their own personal reasons.

What is Moving the Price of Dogecoin in the Market? Co-founder Answered

Billy Markus developed the meme-coin DOGE back in 2013 as an imitation of Bitcoin back. The Dogecoin that was changing hands as low as $0.0026 last month is now sitting at $0.61. According to the statistics, DOGE is the fourth digital asset of the market. 

In his recent interviews with Bloomberg the founder and CEO of Galaxy Digital, Mike Novogratz, stated that,

“Dogecoin may be favored by millennials and generation Z since buying it is similar to showing the middle finger to the system. This is reminiscent of the craze over Gamestop shares.”

However, he cautioned against Dogecoin, stating that 

“There are no development upgrades for this coin, nor is there any money from financial institutions going into it.”

DOGE Wave Take Further Rise This Year

DOGE has always been seen as Elon Musk’s favorite. A significant price surge can be seen due to Elon Musk Tweets.  

The “DOGE influencer” was the first one to call it the “people’s currency,” then promised to put “literal DOGE on the literal Moon” via SpaceX. 

From the latest, Musk is preparing to make an appearance on “Saturday Night Live,” i.e. Today this weekend.

According to reporter Kate Rooney

“The newest DOGE investors particularly see Musk’s tweets as the main price pumper of the meme-coin. DOGE is making its way into online gambling markets as people are making bets about what Musk will talk about on SNL and whether it will be his favorite Shiba-Inu cryptocurrency.”

READ  Elon Musk Admits Bitcoin Cash Offers Much Lower Fees than Bitcoin

#DOGE co-founder Billy Markus #Dogecoin (DOGE) #Elon Musk DOGE support

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/doge-co-founder-reveals-the-reasons-behind-its-price-rise

Continue Reading

Blockchain

JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

Avatar

Published

on

EURO 2016 champions have produced unique and authentic digital art pieces
to be auctioned online starting today
Lisbon, 7 May 2021 – European champions and Portuguese Internationals José Fonte
and Éder are the first two footballers worldwide to launch their own Non-Fungible
Tokens (NFTs), creating unique and authentic digital art pieces that will be auctioned
online. The two NFTs were made in partnership with Jedi3 and part of the revenues
raised through the auction will revert to social and community support. The creations
will be auctioned on the well-known platform of NFTs, OpenSea, starting today and
can be found here:
https://opensea.io/collection/eder-lopes-2016-european-champion
https://opensea.io/collection/jose-fonte-2016-european-champion
The creative concept of both pieces was developed by the athletes themselves together with
the project Jedi3. Fonte focused his illustration on his career path and all the obstacles he
had to overcome in order to become an international player and win EURO 2016. Eder’s
piece is a digital creation of the boot he used to score the winning goal for Portugal in the
final of the European Championship against France.
In this first launch, there will be:
● 10 limited digital editions of Éder’s right boot that scored the Euro final goal, in a
digital 3D version;
● 10 limited digital editions of an illustration that represents the path followed by José
Fonte until the title in the Euro;
● Furthermore, a “masterpiece” of Éder’s boot that will give the right to the digital item
plus the real boot he used to score the winning goal in the final.

The auction started today on the Open Sea platform and will last for a week and all
transactions will be made in Ethereum cryptocurrency. Fonte and Eder follow in the footsteps
of NFL and NBA players who have already participated in the creation of NFTs.
José Fonte talked about the launch: “Everybody follows what is going on in the US with
NFTs, and I’ve been following it too for the last few months. Some of my favourite people are
exploring this new world, this new connection with the fans. I tried to explore this connection
with the fans, to give them something that is new and authentic. This creation means a lot to
me, because the story of it is about my career, about what I’ve been through in my life. It’s
about resilience, showing determination and never giving up and showing that anything is
possible with hard work. I’m excited. I want the fans to be open minded. First of all, it’s for a
good cause as well. Part of the money will go into some foundations and institutions that we
want to help. We want to give something back to the
people, which is really important to us.”
Eder showed all his enthusiasm about this project: “It’s a fantastic world. It’s been booming
in the US because of the NFTs that have been created in the NBA. José Fonte and I expect
to be the first football players to launch an NFT in the world. An NFT is unique, has value for
the person that creates it, it’s art and I think that has a lot of value for the fans. We’ve
participated in a big victory at the Euros and I know our fans will be amazed by a creation
like this. My creation means a lot to me and to Portugal. It’s the boot that scored the winning
goal at the final and it’s really important to me. It’s something that the football fans will
appreciate. Another important reason is helping an institution that we will give part of the
funds to. It’s something important to do and a big step.”
Part of the profits from the auction of each of the pieces will revert to charities and
community institutions. Éder will benefit PAJE – platform of support to young former foster
children, association of which he is godfather and partner. Regarding José Fonte, the focus
will be the community of Penafiel, where he was born, by donating funds to the local
Firefighters corporation, where his grandfather was the 2nd Commander, to the ERPI –
Estrutura Residencial para Idosos de Penafiel, and the APADIMP – Associação de Pais e
Amigos dos Diminuídos Mentais de Penafiel. The Lille central defender will also donate
funds to support football in Portugal to institutions yet to be defined.
For João Matos Cruz, from Jedi3, “this project is born from the fusion of diverse interests of
a group of friends: football, blockchain and digital art. In a context where the technology of
distributed registration allows to protect, authenticate and promote, for example, artists’
work, or relevant moments, we felt it was time to give visibility, in the digital world, to two
iconic figures in the history of Portuguese football: Éder Lopes and José Fonte. In the first
case, through the boot with which he scored the goal of the Euro 2016 final, as a
masterpiece of a moment of collective transcendence. In the case of José Fonte, illustrating
his path that was also one of overcoming, of constant struggle against adversity, until the
final consecration as European champion.”
What are NFTs?
A non-fungible token (NFT) is a type of cryptographic token on a blockchain, which
represents a unique asset. They can be fully digital assets or tokenized versions of
real-world assets. As NFTs are not interchangeable with each other, they can act as proof of
authenticity and ownership in the digital realm.
There are numerous success stories of sportsmen or sports-related individuals who have
launched their own NFTs in recent months in the US. The mythical quarterback Tom Brady
will even launch a platform for the creation and sale of NFTs called “Autograph” where he
promises to bring together several well-known names from the music, fashion and
entertainment industries. Those who have already launched their own NFT’s include Patrick
Mahomes, the 2020 NFL champion and Zion Williamson, one of the NBA’s most promising
stars.
The value of an NFT derives from the story that is told, what gave rise to the NFT and who
actually issued it. It is a certificate of authenticity per se, identified by a unique,
non-falsifiable “contract address”.
The technology used for this purpose, blockchain, thus allows a direct and decentralised
interaction between athletes and their digital admirers / followers. In this case, these players
become stars, also, in the digital world, directly launching tokens, whose artistic and
authentic character, guarantees their buyers a unique collector’s item.

Continue Reading

Blockchain

JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

Avatar

Published

on

EURO 2016 champions have produced unique and authentic digital art pieces
to be auctioned online starting today
Lisbon, 7 May 2021 – European champions and Portuguese Internationals José Fonte
and Éder are the first two footballers worldwide to launch their own Non-Fungible
Tokens (NFTs), creating unique and authentic digital art pieces that will be auctioned
online. The two NFTs were made in partnership with Jedi3 and part of the revenues
raised through the auction will revert to social and community support. The creations
will be auctioned on the well-known platform of NFTs, OpenSea, starting today and
can be found here:
https://opensea.io/collection/eder-lopes-2016-european-champion
https://opensea.io/collection/jose-fonte-2016-european-champion
The creative concept of both pieces was developed by the athletes themselves together with
the project Jedi3. Fonte focused his illustration on his career path and all the obstacles he
had to overcome in order to become an international player and win EURO 2016. Eder’s
piece is a digital creation of the boot he used to score the winning goal for Portugal in the
final of the European Championship against France.
In this first launch, there will be:
● 10 limited digital editions of Éder’s right boot that scored the Euro final goal, in a
digital 3D version;
● 10 limited digital editions of an illustration that represents the path followed by José
Fonte until the title in the Euro;
● Furthermore, a “masterpiece” of Éder’s boot that will give the right to the digital item
plus the real boot he used to score the winning goal in the final.

The auction started today on the Open Sea platform and will last for a week and all
transactions will be made in Ethereum cryptocurrency. Fonte and Eder follow in the footsteps
of NFL and NBA players who have already participated in the creation of NFTs.
José Fonte talked about the launch: “Everybody follows what is going on in the US with
NFTs, and I’ve been following it too for the last few months. Some of my favourite people are
exploring this new world, this new connection with the fans. I tried to explore this connection
with the fans, to give them something that is new and authentic. This creation means a lot to
me, because the story of it is about my career, about what I’ve been through in my life. It’s
about resilience, showing determination and never giving up and showing that anything is
possible with hard work. I’m excited. I want the fans to be open minded. First of all, it’s for a
good cause as well. Part of the money will go into some foundations and institutions that we
want to help. We want to give something back to the
people, which is really important to us.”
Eder showed all his enthusiasm about this project: “It’s a fantastic world. It’s been booming
in the US because of the NFTs that have been created in the NBA. José Fonte and I expect
to be the first football players to launch an NFT in the world. An NFT is unique, has value for
the person that creates it, it’s art and I think that has a lot of value for the fans. We’ve
participated in a big victory at the Euros and I know our fans will be amazed by a creation
like this. My creation means a lot to me and to Portugal. It’s the boot that scored the winning
goal at the final and it’s really important to me. It’s something that the football fans will
appreciate. Another important reason is helping an institution that we will give part of the
funds to. It’s something important to do and a big step.”
Part of the profits from the auction of each of the pieces will revert to charities and
community institutions. Éder will benefit PAJE – platform of support to young former foster
children, association of which he is godfather and partner. Regarding José Fonte, the focus
will be the community of Penafiel, where he was born, by donating funds to the local
Firefighters corporation, where his grandfather was the 2nd Commander, to the ERPI –
Estrutura Residencial para Idosos de Penafiel, and the APADIMP – Associação de Pais e
Amigos dos Diminuídos Mentais de Penafiel. The Lille central defender will also donate
funds to support football in Portugal to institutions yet to be defined.
For João Matos Cruz, from Jedi3, “this project is born from the fusion of diverse interests of
a group of friends: football, blockchain and digital art. In a context where the technology of
distributed registration allows to protect, authenticate and promote, for example, artists’
work, or relevant moments, we felt it was time to give visibility, in the digital world, to two
iconic figures in the history of Portuguese football: Éder Lopes and José Fonte. In the first
case, through the boot with which he scored the goal of the Euro 2016 final, as a
masterpiece of a moment of collective transcendence. In the case of José Fonte, illustrating
his path that was also one of overcoming, of constant struggle against adversity, until the
final consecration as European champion.”
What are NFTs?
A non-fungible token (NFT) is a type of cryptographic token on a blockchain, which
represents a unique asset. They can be fully digital assets or tokenized versions of
real-world assets. As NFTs are not interchangeable with each other, they can act as proof of
authenticity and ownership in the digital realm.
There are numerous success stories of sportsmen or sports-related individuals who have
launched their own NFTs in recent months in the US. The mythical quarterback Tom Brady
will even launch a platform for the creation and sale of NFTs called “Autograph” where he
promises to bring together several well-known names from the music, fashion and
entertainment industries. Those who have already launched their own NFT’s include Patrick
Mahomes, the 2020 NFL champion and Zion Williamson, one of the NBA’s most promising
stars.
The value of an NFT derives from the story that is told, what gave rise to the NFT and who
actually issued it. It is a certificate of authenticity per se, identified by a unique,
non-falsifiable “contract address”.
The technology used for this purpose, blockchain, thus allows a direct and decentralised
interaction between athletes and their digital admirers / followers. In this case, these players
become stars, also, in the digital world, directly launching tokens, whose artistic and
authentic character, guarantees their buyers a unique collector’s item.

Continue Reading

Blockchain

Crypto.com Now Enabling Cosmos’ Inter-Blockchain Communication Functionality for Cross-Chain Transfers

Avatar

Published

on

Hong Kong-based Crypto.com announced on Thursday it is now enabling Cosmos’ Inter-Blockchain Communication (IBC) functionality for cross-chain transfers. According to Crypto.com, According to the duo, this integration creates new capabilities for future cross-chain implementations of the Crypto.org Chain and other IBC-enabled chains. 

The integration allows for the transferring and receiving of assets (tokens) and data using the ICS20 standard on the Crypto.org Chain Mainnet.  IBC assets will be available in the Bank module of the Crypto.org Chain, and CRO on other IBC-enabled chains.”

Cosmos and Crypto.com further revealed as part of its development on IBC, the project will create a bridge between Crypto.org Chain to Ethereum protocols, bringing on board Ethereum developers as innovative projects to the Crypto.org Chain ecosystem. Sharing more details about the integration, Eric Anziani, COO of Crypto.com, stated:

“The Inter-Blockchain Communication Protocol (IBC) enables self-sovereign networks to connect, which will lead to building a strong ecosystem of networks thanks to the flexibility and open nature of IBC. The IBC launch marks the end of “network tribalism”. It also aligns with one of Crypto.org Chain’s goals of building  an open ecosystem — one that is welcoming to and supported by innovative projects, including Payments, DeFi and NFT initiatives.”

Founded in 2016, Crypto.com serves over 10 million customers today with its crypto app, along with the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet.

“Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175098-crypto-com-now-enabling-cosmos-inter-blockchain-communication-functionality-for-cross-chain-transfers/

Continue Reading
Blockchain2 hours ago

DOGE Co-founder Reveals the Reasons Behind its Price Rise

SaaS2 hours ago

SaaS2 hours ago

SaaS2 hours ago

SaaS2 hours ago

SaaS2 hours ago

Coinpedia3 hours ago

Analyst Predicts the Future of Dogecoin and XRP! Says XRP Price Will Pump the Hardest!

Fintech3 hours ago

The Spanish fintech Pecunpay strengthens its position as a leader in the issuance of corporate programs

Blockchain3 hours ago

JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

Blockchain3 hours ago

JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

Esports3 hours ago

Best Talon build for League of Legends season 11

Business Insider3 hours ago

Green drive scales new peaks

Energy3 hours ago

PNM and AVANGRID Formally File New Mexico Stipulation with Additional Parties

Business Insider3 hours ago

PNM and AVANGRID Formally File New Mexico Stipulation with Additional Parties

Esports3 hours ago

TFT Patch 11.10 preview showcases large number of buffs

SaaS4 hours ago

SaaS4 hours ago

SaaS4 hours ago

SaaS4 hours ago

SaaS4 hours ago

Cleantech4 hours ago

What We Know About Tesla’s “Bobcat Project”

Aviation4 hours ago

407 Squadron defends Canada for 80 years

Aviation4 hours ago

United Airlines Uses The Crisis To Diversify Latin American Network

Aviation4 hours ago

The Shaunavon Airport to Receive Provincial Funding

Crowdfunding4 hours ago

UK Finance, Which?, City of London Police Sign Letter Asking Government to Add Online Scams to “Online Safety” Bill

Aviation4 hours ago

Airline industry group wants Ottawa to follow U.K.’s lead, help bring in restart plan

Blockchain4 hours ago

Crypto.com Now Enabling Cosmos’ Inter-Blockchain Communication Functionality for Cross-Chain Transfers

Crowdfunding5 hours ago

Enterprise Grade Blockchain IOST Partners Moonstake to Support Crypto Staking of IOST Coin

AR/VR5 hours ago

First VR Film Shot Aboard ISS Available On Oculus Venues

Cleantech5 hours ago

Tesla Cybertruck On Display In Manhattan

Trending