🆘 GMX Whale Wallet Phishing Attack Causing Damage $3.4 Million Worth Of GMX Tokens
A GMX whale lost $3.4 million in GMX, the native token of the decentralized trading system GMX, after falling for a phishing attack. On the open market, the tokens were subsequently sold. the attacker transferred GMX valued at around $3.4 million to a different address. Several members of the community saw unusual GMX token trades on January 3. The transactions were then identified as an exploit that stole $3.4 million worth of GMX tokens from a GMX whale by security companies CertiK and PeckShield. The phishing event was confirmed by the administrator of GMX’s Telegram channel, who also made it clear that there were no security issues with the GMX platform itself.
A GMX whale lost $3.4 million in GMX, the native token of the decentralized trading system GMX, after falling for a phishing attack. On the open market, the tokens were subsequently sold. the attacker transferred GMX valued at around $3.4 million to a different address. Several members of the community saw unusual GMX token trades on January 3. The transactions were then identified as an exploit that stole $3.4 million worth of GMX tokens from a GMX whale by security companies CertiK and PeckShield. The phishing event was confirmed by the administrator of GMX’s Telegram channel, who also made it clear that there were no security issues with the GMX platform itself.
The First Proprietary Metaverse Casino Gaming Platform “CloverLand”
Santo Domingo, DR (December 28, 2022) JM2 Clover Gaming will officially launch its Metaverse Cloverland which is an interactive, immersive environment with a full interoperable technology that utilizes advanced XR (extended reality) technology to virtually deliver the IRL (In Real Life) sensation of a real casino.
The Clover Casino, the first building on Cloverland, is going to be showcased at the Consumer Electronics Show (CES) in Las Vegas in early January 2023. Cloverland is compatible with any devices, so players can interact with one another regardless of their equipment, and integrates the most advanced real-time 3D creation tool, Unreal Engine, to provide an unparalleled experience.
Santo Domingo, DR (December 28, 2022) JM2 Clover Gaming will officially launch its Metaverse Cloverland which is an interactive, immersive environment with a full interoperable technology that utilizes advanced XR (extended reality) technology to virtually deliver the IRL (In Real Life) sensation of a real casino.
The Clover Casino, the first building on Cloverland, is going to be showcased at the Consumer Electronics Show (CES) in Las Vegas in early January 2023. Cloverland is compatible with any devices, so players can interact with one another regardless of their equipment, and integrates the most advanced real-time 3D creation tool, Unreal Engine, to provide an unparalleled experience.
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🪙 Despite Upstaging Uniswap’s TVL, Curve May Still Not be Largest DEX
Uniswap may have slipped from its standing as the largest decentralized exchange — depending how you define it. Curve Finance has surpassed Uniswap in terms of total value locked (TVL), according to data compiled by DeFiLama.TVL is calculated by compiling the number of staked assets on a given smart contract. The commonly referenced metric represents funds available to a protocol to exercise daily market function including spending and borrowing. The figure often skews toward volatility and is heavily affected by market conditions. Traders, as such, typically use TVL as one measure of many to evaluate the overall health of a protocol. Other indications include the number of unique active wallets on a protocol and its market capital (the decentralized equivalent of TradFi’s market capitalization). DappRadar data show that over the past 30 days, Uniswap V3 has an estimated 440,000 unique active wallets.
Uniswap may have slipped from its standing as the largest decentralized exchange — depending how you define it. Curve Finance has surpassed Uniswap in terms of total value locked (TVL), according to data compiled by DeFiLama.TVL is calculated by compiling the number of staked assets on a given smart contract. The commonly referenced metric represents funds available to a protocol to exercise daily market function including spending and borrowing. The figure often skews toward volatility and is heavily affected by market conditions. Traders, as such, typically use TVL as one measure of many to evaluate the overall health of a protocol. Other indications include the number of unique active wallets on a protocol and its market capital (the decentralized equivalent of TradFi’s market capitalization). DappRadar data show that over the past 30 days, Uniswap V3 has an estimated 440,000 unique active wallets.
NFT project founder DNP3 admits to gambling away user funds
The founder of Goobers NFT, who goes by the name DNP3, blamed a gambling addiction for why he gambled and lost user funds. DNP3 did not respond to The Block’s request to clarify the amount gambled, but the The Block Research estimated the amount to be in the millions.
DNP3 is the founder of the NFT project Goobers, which launched in September 2021 and amassed a 968 ETH total trading volume. At its peak, the project's floor price was 55.25 ETH on Feb. 20, 2022 before falling to 0.02 ETH on Jan 3. DNP3 did not respond to The Block's request to clarify the amount of money used for gambling. However, The Block Research estimated that millions of dollars worth of funds were gambled.
The founder of Goobers NFT, who goes by the name DNP3, blamed a gambling addiction for why he gambled and lost user funds. DNP3 did not respond to The Block’s request to clarify the amount gambled, but the The Block Research estimated the amount to be in the millions.
DNP3 is the founder of the NFT project Goobers, which launched in September 2021 and amassed a 968 ETH total trading volume. At its peak, the project's floor price was 55.25 ETH on Feb. 20, 2022 before falling to 0.02 ETH on Jan 3. DNP3 did not respond to The Block's request to clarify the amount of money used for gambling. However, The Block Research estimated that millions of dollars worth of funds were gambled.
📣 MetaTdex becomes first decentralized exchange to obtain Dubai DMCC license
DMCC is an independent government organization, which exercises supervision and management functions on enterprises such as trade, operation, investment behavior, and financial products in accordance with the law. As the regulator of Dubai's banking, securities, foreign exchange, and other important parts of Dubai's financial system, DMCC is an important part of Dubai's financial system. DMCC's regulatory licenses are divided into three categories: trading licenses, service licenses, and industrial licenses. MetaTdex has obtained the trading license ( No.DMCC-870791 ), which means that it has obtained the authority to provide all encrypted digital asset exchange services in Dubai, including BTC(Bitcoin), ETH(Ether), USDT (USDT token), and more.
DMCC is an independent government organization, which exercises supervision and management functions on enterprises such as trade, operation, investment behavior, and financial products in accordance with the law. As the regulator of Dubai's banking, securities, foreign exchange, and other important parts of Dubai's financial system, DMCC is an important part of Dubai's financial system. DMCC's regulatory licenses are divided into three categories: trading licenses, service licenses, and industrial licenses. MetaTdex has obtained the trading license ( No.DMCC-870791 ), which means that it has obtained the authority to provide all encrypted digital asset exchange services in Dubai, including BTC(Bitcoin), ETH(Ether), USDT (USDT token), and more.
E-commerce Giant Shopify Supported Avalanche NFT Minting And Direct Selling
Avalanche said Shopify supported Avalanche NFT minting and selling directly on their online store. Shopify is a powerful e-commerce platform that powers online stores for millions of sellers worldwide, the company claims.
Shopify previously only offered NFT selling and minting to a few merchants, but now the service is fully open. In 2022, Avalanche NFT online retail ecommerce sales reached $5.4 billion, with year-over-year growth projected at 5% until 2025. With the continuous growth of ecommerce, merchants are looking for more innovative ways to stay ahead of their competition.NFTs through their existing storefronts through one of Shopify’s blockchain apps.
Avalanche said Shopify supported Avalanche NFT minting and selling directly on their online store. Shopify is a powerful e-commerce platform that powers online stores for millions of sellers worldwide, the company claims.
Shopify previously only offered NFT selling and minting to a few merchants, but now the service is fully open. In 2022, Avalanche NFT online retail ecommerce sales reached $5.4 billion, with year-over-year growth projected at 5% until 2025. With the continuous growth of ecommerce, merchants are looking for more innovative ways to stay ahead of their competition.NFTs through their existing storefronts through one of Shopify’s blockchain apps.
🪙 PancakeSwap Voting to Continue Deployment on Aptos
PancakeSwap is now the dominant DEX on both BNB Chain and Aptos. The community is voting now to continue the $CAKE protocol's multichain deployment. PancakeSwap quickly rose to become the top DEX on Aptos blockchain, and it appears the $CAKE-loving community is overwhelmingly in favor of continuing this multichain endeavor. PancakeSwap, which of course, is the dominant Decentralized Exchange (DEX) on BNB Chain, is currently holding a vote on a proposal to continue and build on the deployment to Aptos.The proposal notes PancakeSwap has 14 farms deployed on Aptos, with APRs consistent with or higher than offerings from other DEXes on Aptos.As for future plans for Aptos, the DEX chefs aim to attract more Aptos-based projects, enhance their own product offerings, and leverage its position on BNB Chain to attract Aptos projects to BNB Chain and vice versa -- with the goal of improving $CAKE burn.
PancakeSwap is now the dominant DEX on both BNB Chain and Aptos. The community is voting now to continue the $CAKE protocol's multichain deployment. PancakeSwap quickly rose to become the top DEX on Aptos blockchain, and it appears the $CAKE-loving community is overwhelmingly in favor of continuing this multichain endeavor. PancakeSwap, which of course, is the dominant Decentralized Exchange (DEX) on BNB Chain, is currently holding a vote on a proposal to continue and build on the deployment to Aptos.The proposal notes PancakeSwap has 14 farms deployed on Aptos, with APRs consistent with or higher than offerings from other DEXes on Aptos.As for future plans for Aptos, the DEX chefs aim to attract more Aptos-based projects, enhance their own product offerings, and leverage its position on BNB Chain to attract Aptos projects to BNB Chain and vice versa -- with the goal of improving $CAKE burn.
Mastercard's plan to bring music to the metaverse
According to Mastercard, the next big stage for the music industry is the metaverse. Mastercard on Friday announced the Mastercard Artist Accelerator, which will connect artists with mentors and other technology experts to learn how to use Web 3.0, the metaverse and related technology.
Financial services firms are still in the early stages of using Web 3.0, which broadly refers to development over decentralized networks; and the metaverse, an immersive internet experience which often makes use of virtual reality. While the Mastercard program is aimed at all demographics, the card brand sees the music business as an opportunity to gain insight into how it can apply the emerging innovation in the real world.
According to Mastercard, the next big stage for the music industry is the metaverse. Mastercard on Friday announced the Mastercard Artist Accelerator, which will connect artists with mentors and other technology experts to learn how to use Web 3.0, the metaverse and related technology.
Financial services firms are still in the early stages of using Web 3.0, which broadly refers to development over decentralized networks; and the metaverse, an immersive internet experience which often makes use of virtual reality. While the Mastercard program is aimed at all demographics, the card brand sees the music business as an opportunity to gain insight into how it can apply the emerging innovation in the real world.
📣 Jumbo Raises $3.5M to Deliver Its Decentralized Exchange Ecosystem to the NEAR Protocol
Jumbo, a leading decentralized exchange built on the NEAR Protocol, is proud to announce the successful completion of a $3.5 million fundraising round led by Pantera and Huobi Incubator, with additional funding from DWEB3, D21 Ventures, Metaweb Ventures, Fundamental Labs, Proximity, and Genblock Capital. The funds contributed to developing the user-friendly design and feature offerings that have positioned Jumbo as one of the largest DEXs on NEAR since its establishment in late 2021. Jumbo Exchange also employs HAPI, a novel security system that uses know-your-transaction (KYT) technology to ensure safety and security of users."Thanks to the trust of investors, Jumbo is delivering a user-friendly exchange experience that is rapidly developing, keeping pace with market demands and with the NEAR ecosystem," said Alex Dyatlenko, CEO of Jumbo.
Jumbo, a leading decentralized exchange built on the NEAR Protocol, is proud to announce the successful completion of a $3.5 million fundraising round led by Pantera and Huobi Incubator, with additional funding from DWEB3, D21 Ventures, Metaweb Ventures, Fundamental Labs, Proximity, and Genblock Capital. The funds contributed to developing the user-friendly design and feature offerings that have positioned Jumbo as one of the largest DEXs on NEAR since its establishment in late 2021. Jumbo Exchange also employs HAPI, a novel security system that uses know-your-transaction (KYT) technology to ensure safety and security of users."Thanks to the trust of investors, Jumbo is delivering a user-friendly exchange experience that is rapidly developing, keeping pace with market demands and with the NEAR ecosystem," said Alex Dyatlenko, CEO of Jumbo.
The United States has arrested and charged 24-year-old French citizen Aurelian Michel for defrauding purchasers of the "Mutant Ape Planet" NFT collection (
mutantapeplanetnft) out of $2.9 million.
During the NFT bull run of 2021-2022, there were so many scams and rug-pulls that it was impossible to keep track of.
But it seems like the US government was watching closely.
mutantapeplanetnft) out of $2.9 million.
During the NFT bull run of 2021-2022, there were so many scams and rug-pulls that it was impossible to keep track of.
But it seems like the US government was watching closely.
🪙 PancakeSwap Attains Majority Share of TVL on Aptos Chain
PancakeSwap now accounts for more than 50% of the TVL on the growing Aptos chain, mirroring its status as the dominant DEX on BNB Chain. The chefs have done it again. PancakeSwap has broken the 50% barrier in terms of Total Value Locked (TVL) on the Aptos blockchain, meaning the majority of Decentralized Finance (DeFi) funds are on the platform.PancakeSwap is not only the dominant Decentralized Exchange (DEX) on both BNB Chain and Aptos, but it is head-and-shoulders above competing DeFi Decentralized Applications (Dapps) on those chains. The DEX marked its Aptos achievement with a celebratory Tweet.
PancakeSwap now accounts for more than 50% of the TVL on the growing Aptos chain, mirroring its status as the dominant DEX on BNB Chain. The chefs have done it again. PancakeSwap has broken the 50% barrier in terms of Total Value Locked (TVL) on the Aptos blockchain, meaning the majority of Decentralized Finance (DeFi) funds are on the platform.PancakeSwap is not only the dominant Decentralized Exchange (DEX) on both BNB Chain and Aptos, but it is head-and-shoulders above competing DeFi Decentralized Applications (Dapps) on those chains. The DEX marked its Aptos achievement with a celebratory Tweet.
One of the world's largest banks, Morgan Stanley, bought shares of GBTC, the second-largest holder of BTC
Morgan Stanley Europe Opportunity Fund said it bought $3.6 million worth of shares in Grayscale Bitcoin Trust (GBTC).
Morgan Stanley is the largest investment bank in the world with $6.5 trillion in funds under management. This is very important news for the market.
Morgan Stanley Europe Opportunity Fund said it bought $3.6 million worth of shares in Grayscale Bitcoin Trust (GBTC).
Morgan Stanley is the largest investment bank in the world with $6.5 trillion in funds under management. This is very important news for the market.
📣 Position Exchange Announces Launch of Decentralized Perpetual Trading Protocol
After a long period of unremitting efforts, Position Exchange is overwhelmingly honoured to announce that our Decentralized Perpetual Trading Protocol (DPTP) 2.0 - a 100% decentralized futures trading platform, has been officially released. On July 28, 2021, Position Exchange introduced itself to the world for the first time. A journey has gone by full of up-and-down events. Despite the crypto market volatility, the team has kept an optimistic outlook and, side by side built Position Exchange to become the ultimate crypto platform for all DeFi users. At the moment, Position Exchange has gained almost 720 thousand POSI holders, over $6.2 million Total Value Locked and numerous new features to be introduced.
After a long period of unremitting efforts, Position Exchange is overwhelmingly honoured to announce that our Decentralized Perpetual Trading Protocol (DPTP) 2.0 - a 100% decentralized futures trading platform, has been officially released. On July 28, 2021, Position Exchange introduced itself to the world for the first time. A journey has gone by full of up-and-down events. Despite the crypto market volatility, the team has kept an optimistic outlook and, side by side built Position Exchange to become the ultimate crypto platform for all DeFi users. At the moment, Position Exchange has gained almost 720 thousand POSI holders, over $6.2 million Total Value Locked and numerous new features to be introduced.
NFT Inspect, a popular research tool used to measure the value of NFTs, announced via a tweet that it is closing its services on January 17.
The news comes as sales and trading volumes of NFT plummet. Data reveals that NFTs fell 77% to $1.7 billion in the Q3 of last year from Q2. An 84% decrease in resell profit was recorded during this period.
The news comes as sales and trading volumes of NFT plummet. Data reveals that NFTs fell 77% to $1.7 billion in the Q3 of last year from Q2. An 84% decrease in resell profit was recorded during this period.
Game of Thrones finally dropped their highly anticipated NFT launch, and it sold out in just 7 hours after its release on Nifty's NFT marketplace.
Many on Twitter are now complaining over the quality of the collection's art, especially when compared to the quality of the show's art direction and visuals.
Many on Twitter are now complaining over the quality of the collection's art, especially when compared to the quality of the show's art direction and visuals.
🪙 PancakeSwap Leads with Daily Active Users - DAU
According to data from Token Terminal, a platform that aggregates financial data on the leading blockchains and decentralized applications (dapps), PancakeSwap is currently topping the charts for Daily Active Users - DAU. The achievement reinforces the dominance of the leading Decentralized Exchange (DEX) on BNB Chain after recently achieving over 50% dominance of the Total Value Locked (TVL) on the Aptos blockchain. PancakeSwap has also been live on Ethereum since September 2022, having earlier announced its plans for a potential multichain expansion.PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
According to data from Token Terminal, a platform that aggregates financial data on the leading blockchains and decentralized applications (dapps), PancakeSwap is currently topping the charts for Daily Active Users - DAU. The achievement reinforces the dominance of the leading Decentralized Exchange (DEX) on BNB Chain after recently achieving over 50% dominance of the Total Value Locked (TVL) on the Aptos blockchain. PancakeSwap has also been live on Ethereum since September 2022, having earlier announced its plans for a potential multichain expansion.PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
OpenAI this week signaled it’ll soon begin charging for ChatGPT.
In an announcement on the company’s official Discord server, OpenAI said that it’s “starting to think about how to monetize ChatGPT” as one of the ways to “ensure long-term viability.”
The monetized version of ChatGPT will be called ChatGPT Professional.
In an announcement on the company’s official Discord server, OpenAI said that it’s “starting to think about how to monetize ChatGPT” as one of the ways to “ensure long-term viability.”
The monetized version of ChatGPT will be called ChatGPT Professional.
💰 DOJ Investigating Solana’s Stablecoin Dex Saber Labs
Amidst many growing concerns regarding projects over Solana network, a new issue reported related to the same. People with familiarity with the matter stated the United States Department of Justice (DOJ) proceeded with the investigation over Saber Labs creator brothers, Ian and Dylan Macalinao. The platform is a stablecoin exchange based on Solana. The investigations are said to be the result of a report published in August noting the brothers duo created an interlocking financial products ecosystem by using eleven pseudonymous identities. These products are said to make the crypto deposits reach to double and even triple the count simply by passing on the tokens. Behind Solana’s bull run of 2021, this instance acted as a key factor.
Amidst many growing concerns regarding projects over Solana network, a new issue reported related to the same. People with familiarity with the matter stated the United States Department of Justice (DOJ) proceeded with the investigation over Saber Labs creator brothers, Ian and Dylan Macalinao. The platform is a stablecoin exchange based on Solana. The investigations are said to be the result of a report published in August noting the brothers duo created an interlocking financial products ecosystem by using eleven pseudonymous identities. These products are said to make the crypto deposits reach to double and even triple the count simply by passing on the tokens. Behind Solana’s bull run of 2021, this instance acted as a key factor.