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Mango Markets Exploiter Avi Eisenberg Found Guilty of Fraud and Manipulation

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Though Eisenberg’s defense team, headed by well-known crypto defense lawyer Brian Klein, argued that Eisenberg was acting within the law, prosecutors showed the jury a bucket of evidence – including internet searches for things like “statute of limitations market manipulation” and “FBI surveillance” and “elements of fraud” and his flight to Israel after his identity as the exploiter was unmasked – suggesting he knew his actions were criminal.

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Aptos Partners with Tech Giants for DeFi Integration

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Aptos Labs, creators of the Aptos layer-1 blockchain, announced a strategic collaboration with Microsoft(NASDAQ:MSFT), Brevan Howard, and South Korean telecommunications giant SK Telecom(NYSE:SKM) to provide institutional access to decentralized finance.

The partnership introduces Aptos Ascend, a comprehensive suite of institutional solutions facilitating regulatory compliance, privacy in transactions and accounts, and streamlined know-your-customer  processes.

In response to the growing demand for DeFi integration among large institutions, various layer 1 blockchain platforms, including Avalanche and NEAR, have pursued similar enterprise partnerships.

Utilizing Microsoft Azure and Azure OpenAI services, Aptos Ascend leverages cutting-edge technology to deliver financial solutions.

Brevan Howard will leverage its industry expertise to explore digital asset management opportunities for institutions and their clients, with support from Boston Consulting Group in implementing these solutions.

Mo Shaikh, co-founder and CEO of Aptos Labs, highlighted the collaborative effort’s goal of providing financial institutions with a secure, compliant, and scalable gateway to DeFi on the Aptos platform.

Aptos previously announced its utilization of Microsoft’s infrastructure to introduce innovative AI and blockchain-powered solutions, such as the Aptos Assistant chatbot.

Founded by former Meta(NASDAQ:META) employees, Aptos Labs continues to innovate at the intersection of AI and blockchain technology.

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World Gold Council Sees Gold as Underowned, Forecasts Continued Rally

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The World Gold Council, an authority in global gold markets, expects the recent gold price rally to continue, supported by geopolitical risks, steady central bank purchases, and demand for coin and jewelry. The council also sees gold ETFs fueling a future rise in prices given their precious metal’s low ownership levels. World Gold Council Paints […]

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Bitcoin Miners Remain Optimistic About Future Despite Anticipated Revenue Loss

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Although Bitcoin’s halving is expected to result in reduced block rewards for miners, several CEOs of bitcoin mining firms maintain a bullish outlook. In addition to investing in more efficient equipment, miners believe spot bitcoin exchange-traded funds (ETFs) will continue to drive up the value of the cryptocurrency. Bitcoin Halving to Cost Miners Billions in […]

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Release date confirmed for new augmented reality move-to-earn game, SpaceCatch

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SpaceCatch, a brand new AR M2E (Move-to-Earn) game, has confirmed the release date for its public beta version. The game, which will come packed with impressive features and multiple benefits after an extensive development period, is scheduled for release on April 22 2024. 

Set in a futuristic world similar to our own, where Earth has been overtaken by AI-driven aliens, SpaceCatch challenges players, known as Catchers, to restore peace on Earth by defeating these aliens.

The game offers a captivating narrative that engages players, making it difficult to put their phones down. 

Scheduled for release on April 22, SpaceCatch is inviting players to reserve their spot early, with only 22,000 entries available.

Despite being pre-launch, SpaceCatch has already won over early adopters thanks to its rich feature set and engaging plot. The growing community and successful fundraising efforts are living proof of its appeal and potential.

And how does it work?

SpaceCatch leverages several cutting-edge technologies to deliver its exciting gameplay. The game operates on two models: M2E (Move to Earn) and P2E (Play to Earn). The P2E model is straightforward: players engage in combat with AI-driven aliens to restore peace on Earth.

The M2E model, on the other hand, is powered by Augmented Reality (AR). This integration allows players to interact with the SpaceCatch universe as it blends seamlessly with the real world. Imagine spotting an alien while in the park, relaxing in your living room, or getting in your car.

Furthermore, SpaceCatch employs artificial intelligence (AI) to develop a unique gaming experience for each player. Your game experience will differ from that of others, molded by your decisions, preferences, and behavior.

More than just a game

SpaceCatch has also developed a native token, CATCH, which is valuable both within and outside the game’s ecosystem. 

CATCH has been distributed to users during various fundraising events, CATCH can be earned through specific actions in the game and is available for purchase on multiple exchanges, including Gate.io, Bitget, MEXC, BitMart, XT.com, and Bingx.

And if you were not around when SpaceCatch organized the fundraising rounds, or you prefer not to perform certain actions in the game to earn CATCH, don’t worry; you can still get some tokens. CATCH can be bought, sold, or traded on various platforms, and this will help several new players get a better start in the SpaceCatch world.

CATCH helps SpaceCatch players improve their characters and tools, and this can highly contribute to their evolution in the game and how much they manage to help with their main common goal: restoring peace on Earth. 

Discover More

SpaceCatch is just getting started in the industry, and has big plans up its sleeve. But with just 22,000 beta entries up for grabs, gamers should check out its official website asap and follow its activity on Telegram, Discord, X (Twitter), YouTube, Instagram, Medium, and CoinMarketCap.



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Understanding glue records and Dedicated DNS

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Domain name system (DNS) resolution is an iterative process where a recursive resolver attempts to look up a domain name using a hierarchical resolution chain. First, the recursive resolver queries the root (.), which provides the nameservers for the top-level domain(TLD), e.g.com. Next, it queries the TLD nameservers, which provide the domain’s authoritative nameservers. Finally, the recursive resolver  queries those authoritative nameservers.  
 
In many cases, we see domains delegated to nameservers inside their own domain, for instance, “example.com.” is delegated to “ns01.example.com.” In these cases, we need glue records at the parent nameservers, usually the domain registrar, to continue the resolution chain.  

What is a glue record? 

Glue records are DNS records created at the domain’s registrar. These records provide a complete answer when the nameserver returns a reference for an authoritative nameserver for a domain. For example, the domain name “example.com” has nameservers “ns01.example.com” and “ns02.example.com”. To resolve the domain name, the DNS would query in order: root, TLD nameservers and authoritative nameservers.  

When nameservers for a domain are within the domain itself, a circular reference is created. Having glue records in the parent zone avoids the circular reference and allows DNS resolution to occur.  

Glue records can be created at the TLD via the domain registrar or at the parent zone’s nameservers if a subdomain is being delegated away.  

When are glue records required? 

Glue records are needed for any nameserver that is authoritative for itself. If a 3rd party, such as a managed DNS provider hosts the DNS for a zone, no glue records are needed. 

IBM NS1 Connect Dedicated DNS nameservers require glue records 

IBM NS1 Connect requires that customers use a separate domain for their Dedicated DNS nameservers. As such, the nameservers within this domain will require glue records. Here, we see glue records for exampledns.net being configured in Google Domains with random IP addresses: 

Once the glue records have been added at the registrar, the Dedicated DNS domain should be delegated to the IBM NS1 Connect Managed nameservers and the Dedicated DNS nameservers. For most customers, there will be a total of 8 NS records in the domain’s delegation. 

What do glue records look like in the dig tool? 

Glue records appear in the ADDITIONAL SECTION of the response. To see a domain’s glue records using the dig tool, directly query a TLD nameserver for the domain’s NS record. The glue records in this example are in quotation marks. Quotation marks are used for emphasis below: 

How do I know my glue records are correct? 

To verify that glue records are correctly listed at the TLD nameservers, directly query the TLD nameservers for the domain’s NS records using the dig tool as shown above. Compare the ADDITIONAL SECTION contents of the response to the expected values entered as NS records in IBM NS1 Connect.  

Learn more about Dedicated DNS

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Bitcoin barely holds on to $60k as bears retest March lows

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Bitcoin (BTC) took a downturn below $60,000 on April 17 as US markets began trading, marking a return to prices last seen in early March before the digital currency rallied to new heights.

The flagship crypto touched a low of $59,658 before modestly recovering to around $60,800 as of press time, based on CryptoSlate data.

Bitcoin was clinging to the $60,500 support level after a slowdown in sell pressure, with bulls attempting a potential recovery above $61,000.

Market turbulence

The drop comes at a time of general market turbulence, with both Bitcoin and traditional equity markets showing signs of strain.

Bitcoin last dipped to these levels on March 5, just before rocketing to a record-breaking $73,780 on March 13. Since reaching that peak, BTC has experienced significant fluctuations — trading in a massive range between $59,000 and $72,500 since the start of April.

Experts attribute the ongoing market volatility to various macroeconomic issues, including persistent inflation in the United States. Similarly, key stock indices such as the S&P 500, Dow Jones, and Nasdaq were all reported to be down today, reflecting broader economic uncertainties.

Further adding to the market’s cautious sentiment, Federal Reserve Chair Jerome Powell indicated in a recent press briefing that the central bank could delay the anticipated rate cuts further.

Powell noted that recent data has not bolstered confidence in the economy, suggesting a slower recovery path than expected.

Altcoins mirror Bitcoin

Ethereum (ETH) also saw a decline, briefly falling below $3,000 to a low of $2,914 before stabilizing around $2,970 as of press time.

Meanwhile, BNB fell to a low of $512 for the day, while Solana (SOL) hit $126.8 before both tokens recovered to around $525 and $130 as of press time.

The timing is critical as Bitcoin is approaching its halving event this weekend, which will reduce the block reward from 6.25 BTC to 3.125 BTC, potentially influencing Bitcoin’s value in the short term due to decreased supply pressure.

Investors are closely monitoring the impending halving, set to take place between late Friday and early Saturday, as the event has historically triggered significant price movements.

As the market braces for this crucial event, the ongoing geopolitical and economic factors continue to cast a wide shadow, suggesting that the crypto market’s notorious volatility is far from over.

Bitcoin Market Data

At the time of press 6:55 pm UTC on Apr. 17, 2024, Bitcoin is ranked #1 by market cap and the price is down 2.28% over the past 24 hours. Bitcoin has a market capitalization of $1.2 trillion with a 24-hour trading volume of $41.17 billion. Learn more about Bitcoin ›

Crypto Market Summary

At the time of press 6:55 pm UTC on Apr. 17, 2024, the total crypto market is valued at at $2.23 trillion with a 24-hour volume of $94.2 billion. Bitcoin dominance is currently at 53.80%. Learn more about the crypto market ›

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Fantasy Crypto Trading Card Game Debuts on Blast Mainnet with Points Airdrop

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Fantasy, a crypto trading card game allowing users to trade crypto influencers as cards, has launched on Blast mainnet. The project garnered $600,000 in funding in February.

Fantasy, the crypto trading card game, is now live on Blast mainnet after a successful testnet phase. Users can trade crypto influencers portrayed as trading cards on the app, with influencers earning a 1.5% cut each time their cards are traded.

The project secured $600,000 in funding from Alliance DAO, Manifold Trading, Fabric Ventures, and angel investors in February. Notable angel investors include Santiago Santos from former ParaFi Capital, Bryan Pellegrino from LayerZero Labs, and the pseudonymous NFT influencer known as “money.”

Fantasy is also offering a points airdrop based on activity on social media platform X and on-chain metrics from several blockchains, including Blast.

During the testnet phase, Fantasy gained significant traction with influencers like Ansem driving interest. Ansem’s trading cards generated substantial testnet ETH trading volume, resulting in rewards of testnet ETH. The project’s success on mainnet will depend on its ability to sustain similar momentum.

Additionally, Fantasy allows users to participate in competitions using five of their cards. During the testnet phase, over 23,800 users engaged in such competitions, with a total of 75,000 registered users.

Fantasy operates on Blast, a Layer 2 network on Ethereum launched on mainnet in February. Blast aims to offer a native-yield model for ether and stablecoins, providing 4% interest for ether and 5% for stablecoins. The network was developed by Tieshun Roquerre, founder of the NFT marketplace Blur.

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Crypto.com CEO: Bitcoin Price Dip Likely After Halving but ‘Great Performance’ Within 6 Months

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The chief executive of Crypto.com has warned of some selling coming up as we approach the Bitcoin halving, citing the “buy the rumor, sell the news” strategy. Noting that what’s happening in the bitcoin market currently resembles previous cycles, he stressed: “I personally expect great performance within the next six months.” ‘There May Be Some […]

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Jury Begins Deliberations in $110M Mango Markets Fraud Trial

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In their rebuttal, prosecutors said that Eisenberg’s legal attempts to get his money were made after his identity as the exploiter had been exposed. He thought that his proposal to Mango Markets’ DAO, and its subsequent “waiver of liability,” meant he was off the hook, emboldening him to come back to the U.S., they said.

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Top 4 accounting firm turns to Ethereum for blockchain-based business contracts

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Big Four accounting firm Ernst & Young (EY)  unveiled its new service for managing enterprise contracts via blockchain technology called OpsChain Contract Manager (OCM) on April 17.

The tool is designed to manage complex, multi-party business agreements with enhanced security and privacy via blockchain technology. The service is currently running on the Polygon proof-of-stake (PoS) blockchain and is slated for a future upgrade to the Ethereum mainnet.

OCM

OCM is designed to facilitate the secure handling of business contracts on a public blockchain, ensuring privacy by utilizing zero-knowledge proofs to maintain contract integrity and confidentiality while also improving time efficiency and reducing costs.

It integrates with existing enterprise systems through a standardized API and supports various contract types, including volume purchase agreements and price models dependent on market data feeds.

While the service is currently promoted as operating on Ethereum, it actually utilizes Polygon PoS to capitalize on the lower transaction fees that are attractive to EY’s industrial user base, based on a report by the Block.

Paul Brody, the head of EY’s blockchain division since 2016, said Nightfall — the technology behind the service — originated on Ethereum and has been tested on its test network. The forthcoming update will transition Nightfall to Ethereum’s mainnet and might include a Layer-3 upgrade to improve scalability and functionality.

Benefits of public blockchains

Brody also commented on the operational advantages of the OCM, noting that contract automation can significantly reduce cycle times and administration costs.

He emphasized the scalability and neutrality benefits of deploying on a public blockchain, which prevents any single party from controlling the network. Brody also noted that the future of corporate blockchain applications is increasingly leaning towards public blockchains, as they provide superior privacy and transparency compared to private blockchains.

The development comes in the wake of increased blockchain adoption by major financial players. Notably, BlackRock recently launched a tokenized fund on Ethereum, marking a significant step toward institutional engagement with blockchain technologies.

With the introduction of OpsChain Contract Manager, EY aims to improve how enterprises manage contracts, enhancing process efficiency and transparency through blockchain technology. The initiative positions EY as a pioneer in integrating blockchain into conventional business practices, setting a benchmark for the industry’s movement toward embracing this technology in routine operations.

The post Top 4 accounting firm turns to Ethereum for blockchain-based business contracts appeared first on CryptoSlate.

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New Meme Coin ICO Dogeverse Raises $6 Million After Completing Coinsult Audit

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London, United Kingdom, April 17th, 2024, Chainwire

A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit.

The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets.

Multichain approach creates widespread accessibility

Dogeverse’s approach to multichain availability means the token is available across the leading smart contract-enabled blockchains.

Its initiative begins on Ethereum, BSC, and Polygon but will soon launch on Solana, Base, and Avalanche.

Through this approach, Dogeverse becomes more versatile and can sustain itself if users migrate from one of its supported chains to another.

The multichain feature also connects the different blockchain communities under one meme coin banner.

Dogeverse raises $6M as meme coin narrative continues

The meme coin market has been dominant in the crypto industry recently, with its total valuation exceeding $45 billion.

The presale includes a staking mechanism that yields Dogeverse tokens, the mechanism works so that the yield will decrease as the staking pool grows.

Coinsult, a blockchain security firm, has conducted a smart contract audit on the new presale meme coin.

As per its findings, Dogeverse poses no high or medium-risk smart contract issues, and just one low-risk bug was uncovered. However, Coinsult notes that the Dogeverse team has acknowledged the issue.

Data shows that Dogeverse is receiving social media engagement and growth. Within the last week, the Dogeverse X account has surpassed 4K followers, while the Dogeverse Telegram account surpassed 2K.

The project has even been covered by media outlets and market analysts, with names like ClayBro supporting its “multichain utility.”

Meanwhile, Crypto Gains also praised the project and notified investors that its exchange launch will occur soon.

About Dogeverse

Dogeverse is a new meme coin launching across six leading smart contract-enabled blockchains. It is currently undergoing a presale where it has introduced a staking mechanism, encouraging users to lock up their tokens for passive rewards.

The Dogeverse presale launched in April 2024 at thedogeverse.com with a hard cap of $17 million. It has raised $6 million so far. The project’s smart contract recently received an audit from Coinsult.

Market participants can visit the Dogeverse presale here.

 

Contact

Dogeverse
[email protected]



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Roger Stone Endorses TRUMP Meme Token, Spurs Double-Digit Growth Amid Market Slump

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Roger Stone, a seasoned Republican political strategist, lobbyist, and former adviser to Donald Trump’s campaign, has endorsed the meme coin TRUMP on X, sparking a 17% increase in its value amid a wider downturn in the cryptocurrency market. Meanwhile, the meme token BODEN experienced a 9% uptick against the U.S. dollar over the last 24 […]

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Using dig +trace to understand DNS resolution from start to finish

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The dig command is a powerful tool for troubleshooting queries and responses received from the Domain Name Service (DNS). It is installed by default on many operating systems, including Linux® and Mac OS X. It can be installed on Microsoft Windows as part of Cygwin. 

One of the many things dig can do is to perform recursive DNS resolution and display all of the steps that it took in your terminal. This is extremely useful for understanding not only how the DNS works, but for determining if there is an issue somewhere within the resolution chain that cause resolution failures for your zones or domains. 

First, let’s briefly review how a query recursive receives a response in a typical recursive DNS resolution scenario: 

  1. You as the DNS client (or stub resolver) query your recursive resolver for www.example.com. 
  2. Your recursive resolver queries the root nameserver for NS records for “com.” 
  3. The root nameserver refers your recursive resolver to the .com Top-Level Domain (TLD) authoritative nameserver. 
  4. Your recursive resolver queries the .com TLD authoritative server for NS records of “example.com.” 
  5. The .com TLD authoritative nameserver refers your recursive server to the authoritative servers for example.com. 
  6. Your recursive resolver queries the authoritative nameservers for example.com for the A record for “www.example.com” and receives 1.2.3.4 as the answer. 
  7. Your recursive resolver caches the answer for the duration of the time-to-live (TTL) specified on the record and returns it to you.

The above process basically looks like this:

Step 1

Step 2

Step 3

Step 4

Step 5

This process occurs every time you type a URL into your web browser or fire up your email client. This illustrates why DNS answer speed and accuracy are so important: if the answer is inaccurate, you may need to repeat this process several times; and if the speed with which you receive an answer is slow, then it will make everything you do online seem to take longer than it should.  

Driving both DNS answer speed and accuracy is at the core of the IBM® NS1 Connect® value proposition.   

Learn more at IBM NS1 Connect

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EigenLayer removes caps, sees record $157 million inflow as Lido dominance dips

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Ethereum restaking protocol EigenLayer saw inflows of approximately $157 million in Lido’s staked ETH during the last 24 hours, marking the digital asset’s highest inflow on the platform since February.

Notably, this significant inflow into EigenLayer comes at a time when Lido’s share of the Ethereum staking market has dropped below 30% due to outflows into restaking protocols.

LST cap removal

On April 16, EigenLayer announced the removal of caps on all ETH liquid staking tokens (LST) and unpaused restaking deposits.

The removal of LST caps signifies a pivotal phase for EigenLayer’s ecosystem as it strives to foster an open market for innovation and grants users unrestricted access to all LST pools on its platform. Previously, EigenLayer had imposed caps to bolster decentralization and mitigate the risk of dominance by any single token.

These caps were intermittently lifted over the past year before the recent mainnet launch. However, the decision to remove caps is accompanied by a governance participation limit of 33% for any liquid-staked token to uphold neutrality and decentralization.

Despite recent market volatility, EigenLayer remains the dominant protocol within the restaking sector, controlling 99% of the market. Data from DeFillama shows that there are currently approximately 4 million ETH on the platforms, worth more than $12.2 billion.

Restaking eats into Lido’s dominance

A Dune Analytics dashboard curated by Dragonfly analyst Hildobby reveals that Lido experienced the largest outflow among staking platforms in the past month, totaling nearly 400,000 ETH, reducing its market share to 28.87%.

During the same period, liquid restaking protocols Ether.fi and Renzo attracted more than 700,000 ETH to their platforms.

Market observers explained that Lido’s market share decline was due to the heightened competition within the liquid staking landscape. Ethereum educator Anthony Sassano said:

“The best way to stop Lido from growing and reduce its market share is to increase competition in the staking space, which we have now done! The Ethereum staking ecosystem has never been healthier and I’m looking forward to seeing an even more decentralized staking ecosystem as time goes on.”

The post EigenLayer removes caps, sees record $157 million inflow as Lido dominance dips appeared first on CryptoSlate.

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