Fantom – See the Reality

Over the previous decade, centralized exchanges have misplaced practically $11 billion to hackers

Seethereality — Fri, 07 Jul 2023 20:05:28 +0000

Since 2012 The cryptocurrency trade misplaced simply over $30 billion to hackers, greater than 30% ($10.95 billion) of which was stolen from centralized exchanges, in response to a research by blockchain safety agency SlowMist.

The safety firm reported that since 2012 till 2023 this trade has skilled 118 hacks, with the 2 most important hacks occurring in 2021. and suffered practically $5 billion in whole losses.

The information additionally exhibits that a lot of the large-scale hacks occurred throughout bullish market cycles.

Compared, hackers managed to mine lower than $1 billion immediately from blockchain networks and cryptocurrency wallets throughout this era. Sizzling wallets alone suffered 408.9 million. USD in losses, whereas blockchain networks misplaced a comparatively smaller quantity of $207.2 million to malicious actors.

The non-fungible token (NFT) trade has suffered $200 million in losses, primarily resulting from hyperlink phishing and social engineering scams.

Lastly, the Bridge Protocol hacks accounted for simply over $2 billion in whole funds stolen throughout this era.

Ecosystem losses

The information reveals that Ethereum and BNB Chain (previously Binance Good Chain) had been probably the most affected by hackers, each by way of the variety of hacks and cash misplaced.

Hackers stole $3.1 billion from the Ethereum ecosystem in 217 separate hacks. BNB Chain, alternatively, suffered a lack of $1.45 billion. USD loss in 162 totally different hacks.

Regardless of being the third largest, the EOS ecosystem misplaced a a lot smaller quantity, totaling 25.9 million. In distinction, Solana and Polygon posted vital losses of $202.7 million and $177.9 million, respectively.

Avalanche’s community was breached eight instances, leading to a complete lack of $127.7 million.

The research additionally contains information from chains reminiscent of Tron, Fantom, Polkadot and HECO. Collectively, these chains have endured lower than 50 hacks and misplaced lower than $200 million.

Lastly, the remaining $10.9 billion of the full stolen funds falls beneath the “Different” class, in response to SlowMist. This class contains all different kinds of blockchain hacks, scams, rug-pulling, and numerous types of digital theft not particularly talked about.

Stargate gives a termination of the Phantom Pool throughout a multi-chain disaster

Seethereality — Sat, 27 May 2023 17:37:01 +0000

Blockchain information

Stargate launches a binary voting mechanism to guard the well being of its ecosystem.
First, the plan proposes to close down all GHG emissions from the Phantom fields.

LayerZero’s cross-chain bridge protocol, Stargate, has provided a complete resolution to the soundness problems with anyUSDC, the principle asset of Fantom USDC, following the latest power majeure occasion that affected Multichain. Stargate launches a binary voting mechanism to guard the well being of its ecosystem and scale back uncertainty.

First, the plan proposes to close down all GHG emissions from the Phantom fields. Stargate hopes that by doing so, emissions may be briefly halted. And the disruption brought on by the uncertainty of Multichain may be minimized.

Curbing the unfold of plague

From 2023 Could 27 3:47 a.m. the voting session will happen till 2023. Could 30 3:47 a.m. The following step in Stargate’s technique is to chop off all community entry to the Phantom swimming pools.

Moreover, this separation is critical to forestall the plague from spreading or adversely affecting the bigger Stargate ecosystem. The full LP of this fund is presently valued at 11.4 million. And it is largely remoted from all different Stargate swimming pools.

As well as, the provide contains the removing and unwrapping of any USDC POL utilizing Multichain. To higher shield the ecosystem and keep away from vulnerabilities related to any USDC Fantom. Could 25 Binance has introduced that it’s going to briefly droop deposits of Multichain-related bridging tokens.

In the meantime, quite a few stories surfaced claiming that Zhao Jun, the founder and CEO of Multichain, had gone lacking and was the topic of a police investigation. Stargate understands that along with technical measures, it’s essential to take further measures to make sure a easy transition for its Liquidity Suppliers (LPs).

Really helpful for you:

Binance Briefly Suspends Deposits For Merge Tokens Linked To Multichain.

Presale of $FLUUS Tokens on FantomStarter Launchpad by FLUUS

Seethereality — Thu, 04 May 2023 13:08:33 +0000

Blockchain information

Cryptocurrency funds firm FLUUS has introduced that it’s going to use FantomStarter Launchpad to conduct a pre-sale of its native token $FLUUS. On the platform for buyers from Might 2. till Might 23 a reduction will likely be utilized and whitelisting will likely be out there till Might seventeenth. From Might 24 the token will likely be brazenly traded on main cryptocurrency exchanges.

The fiat-to-crypto on-off platform being developed by FLUUS will present customers with entry to Web3 companies, together with token trade and staking. It has created a best-in-class cost system designed to take away obstacles and make it simpler for brand new customers to enter and exit the cryptocurrency market.

The utmost provide of $FLUUS, the pre-mined utility token of the FLUUS cost community, is 1 billion. The token is meant for a wide range of use circumstances, together with decrease charges for builders who embody FLUUS of their decentralized companies and as collateral for on- and off-ramp companions to guard customers from fraud or disputes. Retail clients may even obtain $FLUUS as earnings for contributing to $FLUUS liquidity swimming pools or for $FLUUS tokens. FLUUS DAO, which controls the undertaking, will use it as the primary management token, giving house owners voting rights.

The well-known Launchpad FantomStarter permits buyers early entry to a number of the most intriguing Web3 companies and cryptocurrency initiatives primarily based on the Fantom blockchain. Traders can get early entry to initiatives’ native tokens earlier than they’re launched on the market on the general public market by contributing funds to initiatives featured on FantomStarter. When the $FLUUS staking program begins, early buyers can have the chance to earn extra.

Up to now, greater than 27 firms have efficiently offered tokens on FantomStarter, together with AI and cryptocurrency advertising enterprise Chirpley and Wingswap, a platform centered on DeFi and NFT farming. Because the presale of the FantomStarter token surpassed the million vote quorum wanted to enter the platform in simply two days, FLUUS expects a robust demand for $FLUUS. Moreover, the presale follows the success of FLUUS’s preliminary Fundrs for AllianceBlock presale in March, the place all tokens had been bought in lower than three hours.

FLUUS presently presents two flagship merchandise: FLUUS Auth, an SDK that allows builders so as to add safe and handy Web3 integration to their functions, and FLUUS Pay, a regulated and compliant cryptocurrency distribution service supplied in partnership with fintech operators and cash switch networks.

The funds raised from the pre-sale will likely be utilized by FLUUS to speed up the event of those items and convey its cryptocurrency enablement and gross sales platform to a bigger international market.

seethereality Every day wMarket Replace: Bitcoin Lowers $26,900 – 39-Week Excessive

Seethereality — Mon, 20 Mar 2023 20:27:55 +0000

The cryptocurrency market cap hit $58.1 billion within the final 24 hours. USD web inflows and presently stands at USD 1.14 trillion, up 5.4% from USD 1.09 trillion.

Through the reporting interval, the market values of Bitcoin and Ethereum elevated by 7% and 4.6% to 515.4 billion, respectively. USD and 213.6 billion USD.

The highest 10 cryptocurrencies have gained in worth over the previous 24 hours, with Bitcoin up 7% and Dogecoin main the way in which with a achieve of 6.7%. Citing the rear finish is XRP, up 2.4%.

Supply: seethereality.com

Over the previous 24 hours, Tether’s (USDT) market cap has elevated to $75.4 billion. In the meantime, USD Coin (USDC) and Binance USD (BUSD) fell to 36.8 and eight.3 billion respectively.

Bitcoin

Over the previous 24 hours, Bitcoin has gained 7% to $26,702 as of 07:00 ET. Its market dominance fell to 45.3% from 44.5%.

Throughout reporting hours, the variety of Bitcoin consumers elevated round Thursday night. This pushed the value of BTC down from just below $25,000 to a peak of $26,870, a 39-week excessive.

Supply: TradingView.com

Ethereum

Previously 24 hours, Ethereum is up 4.6% to $1,742 as of 07:00 ET. Its market dominance fell to 18.7% from 18.8%.

Yesterday round 21:00 Ethereum additionally noticed an uptick, rising from $1,670 to $1,755.

Supply: TradingView.com

Prime 5 earners

RSK infrastructure construction

RIF is the most important gainer of the day, rising 18.7% to USD in the course of the reporting interval0.18053 at press time. The token was just lately listed on the LBank trade. Its market cap was $172.12 million.

X is unchanged

IMX rose 17% to $1.44042 at press time. The venture teased “information coming quickly” concerning the IMX token. Its market cap was $1.25 billion.

Stacks

STX is among the greatest gainers of the day, rising 15.7% to USD1.06276 on the time of writing. The Stacks 2.1 replace is being ready for launch. Its market cap was $1.45 billion.

Phantom

FTM rose 15.3% to USD0.46786. The venture just lately introduced its gasoline income program. Its market cap was 1.3 billion.

Neo

NEO rose 12.9% to USD12.1844 at press time. The venture just lately launched a NEO buying and selling problem. Its market cap was $859.47 million.

Prime 5 losers

Helium

HNT is the most important loser of the day, down 12.8% to commerce at USD1.72467 on the time of writing. Binance eliminated the HNT itemizing as of March twenty first. Its market cap was USD241.45 million.

GensoKishi within the metaverse

MV fell 5.7% to USD0.11367 in the course of the reporting interval. Its market cap was $194.3 million.

Espresso

COFFEE fell 5.3% to $1.02803 in the course of the reporting interval. Its market cap was $457.51 million.

MAGIC

MAGIC fell 5% to $1.57387. Regardless of at present’s losses, the token continues to be up 44.3% over the previous week. Its market cap was $334.02 million.

Tape finance

RBN fell 3.2% to USD0.25369. The token has gained 31.5% up to now week. Its market cap was $135.16 million.