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$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.

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$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.


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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:

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

Blockchain

Bitcoin.com exchange lists first AAA blockchain game Illuvium’s ILV token

Blockchain gaming is taking the industry by storm. Some of the most popular in-game items have sold for thousands of dollars on the top NFT marketplaces and new, incredibly entertaining games are laun

The post Bitcoin.com exchange lists first AAA blockchain game Illuvium’s ILV token appeared first on AMBCrypto.

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Blockchain gaming is taking the industry by storm. Some of the most popular in-game items have sold for thousands of dollars on the top NFT marketplaces and new, incredibly entertaining games are launched almost every day. There has been, however, a lot of talk about the quality of these. While most have led in their implementation of the new technology, few have provided players with fully immersive experiences.

Illuvium is an Ethereum-based game that promises to deliver on this end. Its open-world fantasy RPG format and crisp 3D graphics have led some to call it the first AAA blockchain game. For many, it represents a steep improvement from the current 2D projects that populate the space.

Players of Illuvium are launched to a vast multi-region landscape in search of creatures known as Illuvials. These 3D monsters are designed by some of today’s leading artists and can be owned by players after defeating them in battle. Every captured Illuvial becomes part of the player’s roster and can then be used to fight other creatures.

More importantly, all Illuvials are NFTs with a finite supply. This gives each creature a unique value that players can then trade for ETH on the Illuvium Exchange.

The game recently launched its native ILV token on May 3rd with USDT and BTC pairs on Bitcoin.com Exchange. This in-game currency is earned through game achievements and gives players participation in Illuvium’s DAO governance mechanism.

A supply of 10 Million ILV has been allocated to the game’s flash pools, rewards, liquidity pools, treasury, launchpad seed, pre-seed capital, and the game’s 40-person professional development team. 

Bitcoin.com Exchange CEO Danish Chaudhry has shared his outlook on the project. “Entering the AAA gaming space is no small task, becoming the first AAA blockchain video game is just another step in the right direction for the industry. Illuvium is addressing some of the most pressing challenges in the gaming industry, including scalability or a lack of detailed artwork.”

As one of the most popular trading platforms, Bitcoin.com counts with more than 500K active traders per month. The exchange will give ILV holders access to a secure trading environment with high liquidity, 24/7 multilingual support, and dozens of other trading pairs.

Besides Bitcoin.com Exchange, other early backers of Illuvium include influential blockchains investment firms such as Quantstamp and Moonwhale.

Disclaimer: This is a paid post and should not be treated as news/advice

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/bitcoin-com-exchange-lists-first-aaa-blockchain-game-illuviums-ilv-token

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Blockchain

Meet RXI, the Revolutionary Real-time Risk Intelligence Solution

RXI will change forever the way brokers measure and view their risk and KPIs.

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Volatile times are still upon us, with brokerages facing many uncertainties yet increased opportunities through the evolution of fast-changing markets.

Considering the market changes over the last year or so, forex brokers now, more than ever, need to stay ahead of their competition by advancing their resources, automation, and overall operations.

Several elements in the forex industry highlight risk management and measurement as a great challenge for every forex broker.

With the significant risks that arise through trading, risk management is of most importance for any forex broker.

Forex brokers want to make instant decisions that can be implemented and trust in a solution that works operationally, is time-saving, and a solution that eases the mind.

The solution that is implemented should support them for further growth, liquidity, filtration, and a solution that, in parallel, can also optimize profits. Forex brokers require a solution that offers simplicity in an ever-complicated role as a risk manager or dealer.

FXCubic has developed a state-of-the-art all-in-one technology solution through their research and remarkably innovative attitude based on the data reflected in the market direction.

FXCubic is proud to have developed a next-generation sophisticated solution with its challenge-accepting attitude using a complex event processing engine and reactive technology called RXI.

RXI is an intelligence solution that will ultimately change the way brokers will measure and view their risk and KPIs. RXI has been designed to provide dealers and risk managers with a global view across their entire trading operation within a single GUI.

The ground-breaking solution offers simultaneous real-time data with in-depth risk analysis and the ability to allow for instantaneous actions.

As FXCubic put it, the RXI risk intelligence solution is “intelligence made simple.”

With multiple benefits that come with having the RXI solution, we are here today to share the reasons why Forex brokers should proudly use RXI as an additional solution that will change their brokerage game in an instant.

Below are the highlighted features that RXI offers dealers and risk managers.

Multidimensional Real-Time Data

RXI analyses and reconciles risk data in real-time, providing data-driven profit opportunities for a broker, allowing a broker to take timely actions accordingly.

The RXI intelligence solution allows risk managers to increase performance and profitability through real-time alerts customized by the broker, allowing risk managers to focus on predefined vital issues and take timely actions.

RXI updates broker positions and P&L with real-time customizable information from MT4/5 platforms. This allows RXI users to use the information to assess their risk and exposure.

Multiplatform Aggregation

RXI streams multiple MT4/5 platform data into its engine, allowing brokers to combine separate trading platforms’ risk data into a single interface.

Forex brokers can gain real-time insight into what is happening across all their platforms centrally. Dealers do not have to manually reconcile and use other data tools or practices as the data is intuitively customized and aggregated according to the risk manager’s preferences.

Customizable Filteration

RXI provides clients with fully customizable filters that enable risk managers to instantaneously see the complex events’ roots.

RXI users can dynamically assess their data as RXI’s output can be filtered, while real-time pivot tables can be created instantly.

Personalized views & Alerts

RXI allows for different visual charts available for further depth and transparency in a way it has never been done before. This allows individual risk managers to focus on the data they want to see, enabling further simplicity in an ever-complicated role.

Solutions for upper management are also a big part of RXI’s offering, including real-time information on countries and destinations that generate more revenue. This is available on the RXI dashboard, allowing business partners to focus on areas where they see more opportunities.

Mobile Functionality & Push Notifications

Accessible from anywhere and at any time, RXI has been developed to highly perform on mobile devices, making RXI the ultimate intelligence solution for risk managers that need access to their data on the go. Enabling critical customized alerts to be received remotely, RXI is able to send push notifications to mobile devices.

Adaptable Solution

RXI is a standalone application that has been designed to coexist with any other technology, making this risk intelligence solution one of a kind.

RXI connects to MT4/5 servers through Manager API in seconds without any plug-in installations, making it conflict-free with other plug-ins on the server.

Optimizing Profits

RXI merges all client risks into an individual solution that allows brokers to reduce the number of inefficient hedges or trades.

Brokers can come to better conclusions through the flexible real-time data allowing actions to be taken ahead of time by implementing the risk managers’ rules and actions. These actions will increase performance, profitability, and a smooth P&L environment.

RXI provides Forex brokers a global view across their entire trading operation. The benefits of integrating RXI are innovatively phenomenal. There is no reason why Forex brokers should not opt into using FXCubic’s byproduct for further control, depth, and ease of mind.

We think that FXCubic’s risk intelligence solution will change the market’s view on intelligent risk solutions. RXI is next-generation technology, and we look forward to furthering byproducts from the FXCubic team.

To find more information or to request a free demonstration of RXI’s sophisticated new technology, click here

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/meet-rxi-the-revolutionary-real-time-risk-intelligence-solution/

Continue Reading

Blockchain

Meet RXI, the Revolutionary Real-time Risk Intelligence Solution

RXI will change forever the way brokers measure and view their risk and KPIs.

Avatar

Published

on

Volatile times are still upon us, with brokerages facing many uncertainties yet increased opportunities through the evolution of fast-changing markets.

Considering the market changes over the last year or so, forex brokers now, more than ever, need to stay ahead of their competition by advancing their resources, automation, and overall operations.

Several elements in the forex industry highlight risk management and measurement as a great challenge for every forex broker.

With the significant risks that arise through trading, risk management is of most importance for any forex broker.

Forex brokers want to make instant decisions that can be implemented and trust in a solution that works operationally, is time-saving, and a solution that eases the mind.

The solution that is implemented should support them for further growth, liquidity, filtration, and a solution that, in parallel, can also optimize profits. Forex brokers require a solution that offers simplicity in an ever-complicated role as a risk manager or dealer.

FXCubic has developed a state-of-the-art all-in-one technology solution through their research and remarkably innovative attitude based on the data reflected in the market direction.

FXCubic is proud to have developed a next-generation sophisticated solution with its challenge-accepting attitude using a complex event processing engine and reactive technology called RXI.

RXI is an intelligence solution that will ultimately change the way brokers will measure and view their risk and KPIs. RXI has been designed to provide dealers and risk managers with a global view across their entire trading operation within a single GUI.

The ground-breaking solution offers simultaneous real-time data with in-depth risk analysis and the ability to allow for instantaneous actions.

As FXCubic put it, the RXI risk intelligence solution is “intelligence made simple.”

With multiple benefits that come with having the RXI solution, we are here today to share the reasons why Forex brokers should proudly use RXI as an additional solution that will change their brokerage game in an instant.

Below are the highlighted features that RXI offers dealers and risk managers.

Multidimensional Real-Time Data

RXI analyses and reconciles risk data in real-time, providing data-driven profit opportunities for a broker, allowing a broker to take timely actions accordingly.

The RXI intelligence solution allows risk managers to increase performance and profitability through real-time alerts customized by the broker, allowing risk managers to focus on predefined vital issues and take timely actions.

RXI updates broker positions and P&L with real-time customizable information from MT4/5 platforms. This allows RXI users to use the information to assess their risk and exposure.

Multiplatform Aggregation

RXI streams multiple MT4/5 platform data into its engine, allowing brokers to combine separate trading platforms’ risk data into a single interface.

Forex brokers can gain real-time insight into what is happening across all their platforms centrally. Dealers do not have to manually reconcile and use other data tools or practices as the data is intuitively customized and aggregated according to the risk manager’s preferences.

Customizable Filteration

RXI provides clients with fully customizable filters that enable risk managers to instantaneously see the complex events’ roots.

RXI users can dynamically assess their data as RXI’s output can be filtered, while real-time pivot tables can be created instantly.

Personalized views & Alerts

RXI allows for different visual charts available for further depth and transparency in a way it has never been done before. This allows individual risk managers to focus on the data they want to see, enabling further simplicity in an ever-complicated role.

Solutions for upper management are also a big part of RXI’s offering, including real-time information on countries and destinations that generate more revenue. This is available on the RXI dashboard, allowing business partners to focus on areas where they see more opportunities.

Mobile Functionality & Push Notifications

Accessible from anywhere and at any time, RXI has been developed to highly perform on mobile devices, making RXI the ultimate intelligence solution for risk managers that need access to their data on the go. Enabling critical customized alerts to be received remotely, RXI is able to send push notifications to mobile devices.

Adaptable Solution

RXI is a standalone application that has been designed to coexist with any other technology, making this risk intelligence solution one of a kind.

RXI connects to MT4/5 servers through Manager API in seconds without any plug-in installations, making it conflict-free with other plug-ins on the server.

Optimizing Profits

RXI merges all client risks into an individual solution that allows brokers to reduce the number of inefficient hedges or trades.

Brokers can come to better conclusions through the flexible real-time data allowing actions to be taken ahead of time by implementing the risk managers’ rules and actions. These actions will increase performance, profitability, and a smooth P&L environment.

RXI provides Forex brokers a global view across their entire trading operation. The benefits of integrating RXI are innovatively phenomenal. There is no reason why Forex brokers should not opt into using FXCubic’s byproduct for further control, depth, and ease of mind.

We think that FXCubic’s risk intelligence solution will change the market’s view on intelligent risk solutions. RXI is next-generation technology, and we look forward to furthering byproducts from the FXCubic team.

To find more information or to request a free demonstration of RXI’s sophisticated new technology, click here

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/meet-rxi-the-revolutionary-real-time-risk-intelligence-solution/

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Blockchain

Rock Tech Lithium CEO: Lithium Market Poised to Rise this Decade

China’s production capacity can meet its demand of battery-grade lithium, but Europe is falling behind in this regard.

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Lithium is an important resource for many economic sectors, especially for the battery industry where the demand for lithium is increasing. Due to the growing demand generated by its expanding e-mobility market, China is currently the world’s largest producer of lithium hydroxide. 

At the moment, China’s production capacity can meet its demand of battery-grade lithium, but Europe is falling behind in this regard. The demand for electric vehicles is increasing in Europe, but the production capacity cannot keep up. 

Where the lithium market is heading

Rock Tech Lithium Inc. (OTC: RCKTF) is a company that wants to build a conversion plant in Europe and position itself as a leading lithium hydroxide supplier outside of China in order to enable the European lithium market to grow independently. 

“Our strategy is very simple. Up to two years ago, we were really focused on producing a so-called six percent lithium concentrate from our mine in Canada,” said Dirk Harbecke, Rock Tech Lithium’s Chairman of the Board in a recent interview

“But in early 2019, when we saw that Europe was on its way to […] fully bet on e-mobility, especially with the German and French governments which had set up new programmes for subsidies and Mr. Diess, the CEO of Volkswagen (OTC: VWAGY), who is fully committed together with the whole Volkswagen group to go in e-mobility, it was clear for us that it is not sufficient to only produce a concentrate and sell it to China because we want the western world to be independent from the Chinese supply,” continued Harbecke.

The increased demand for batteries led to an increase in lithium price by over 50 percent since December 2020, and the prices will continue to increase because the production cannot keep up with the demand. 

“In my view, we are still only at the beginning. Keep in mind that up to last year everything – share prices, the lithium price – everything was falling. And what we see now, since January this year, is that most of the shares are increasing. There was already a big jump in January and February this year, and the last two months have been a bit more quiet. But now, we will see the next spikes in the price of lithium and the price of lithium shares when we will see the first shortages of lithium.” said Mr. Harbecke. 

Europe is predicted to have a third of the global lithium production by 2030 from just 7 percent in 2020. Maros Sefcovic, the vice-president of the European Commission that coordinates the European Battery Alliance, estimated that the investments in European batteries totalled 60 billion Euros in 2019 alone.

Prospective manufacturers are investing in lithium facilities in Germany, France, the U.K., Sweden, and Poland in a competition to satisfy the increasing demand for batteries. 

By building its own conversion plant in Germany, Rock Tech Lithium plans to become a fully integrated manufacturer of battery-grade lithium hydroxide and a major player in the European green and clean-tech industry.

The company partnered with one of the leading German construction and recycling groups to ensure sustainable production and recycling processes for all the materials used by its converter. 

Rock Tech Lithium’s converter is planned to start production in 2023. It has a production capacity of approximately 24,000 tons of lithium hydroxide per year, which is large enough to fuel around 500,000 electric cars.

The converter’s production will help European electric car producers become less dependent of Chinese lithium. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/rock-tech-lithium-ceo-lithium-market-poised-to-rise-this-decade/

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