On May 30, the renowned auto brand DeLorean, made famous in the iconic film “Back to the Future,” revealed a collaboration with Web3 creative agency Otherlife, a branch of Moonpay. Together, they aim to launch a groundbreaking marketplace where DeLorean enthusiasts can purchase, sell, and exchange vehicle reservation build slots. Web3 Agency Otherlife and Auto […]
Bitcoin News
DOJ Captures Alleged ‘Architect’ of Darknet Marketplace Incognito
According to the U.S. Department of Justice (DOJ), the operator of the darknet marketplace Incognito was apprehended at John F. Kennedy Airport on May 18. Law enforcement officials claim Rui-Siang Lin allegedly constructed the DNM and facilitated the sale of over 0 million worth of illegal drugs through the platform. Federal Authorities Nab Alleged Darknet […]
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Solana Meme Coin Marketplace Pump.fun Suffers $80 Million Exploit
Pump.fun, a Solana-based marketplace and deployment tool for meme coins, has acknowledged suffering an exploit dealing with the bonding curve contracts in its platform. While the protocol is still investigating the matter, it reported that “the TVL in the protocol right now is safe,” as it has upgraded the contracts to deal with the attack […]
Bitcoin News
New Era For VeChain: Marketplace Platform Unveiled, Price Spike Looming?
In a new development, VeChain (VET) has announced the introduction of its latest No-Code Tokenized Asset Marketplace-as-a-Service platform (MaaS), fueling optimism within the community of an impendent price uptick.
The announcement also featured the collaboration of the MotoGP racing team Gresini Racing as its first enterprise client. By collaborating with Gresini Racing, an enormous fan base will be offered digital collectibles through the MaaS platform.
VeChain To Onboard A Rapid Tokenizing World
With the launch of its No-Code Tokenized Asset Marketplace (MaaS) platform, VeChain has made tremendous progress toward increasing mass adoption of blockchain technology. VeChain’s continuous goal to promote widespread blockchain technology adoption by removing technological hurdles is consistent with this user-friendly strategy.
Since its founding, VeChain has created several use cases powered by blockchain applications. These include product authentification, creating new digital communication channels, provenance and sustainability traceability, and others. This demonstrates its understanding of the tremendous potential that its technologies have for Web 3.
Given the rise in demand for tokenizing Real-World assets (RWAs) solutions, the introduction of MaaS seems appropriate. Furthermore, NFC functionality and support for “Phygitals,” or real-world physical assets with NFT/digital counterparts, will be added later in the platform.
Specifically, this innovation was created to significantly influence the digital asset market. It aims to provide enterprise and individual builders with an “easy-to-use white-label NFT platform for digital asset sales” and transfers that require little to no programming.
MaaS applications are diverse and address the increasing need for platforms that enable asset tokenization. Blackrock‘s latest application for a Real World Asset (RWA) tokenization fund highlighted this path. So far, the No-Code Tokenized Asset Marketplace-as-a-Service platform (MaaS) is expected to be fully operational later this year.
VET Is On A Downtrend
Despite the launch of MaaS, VeChain (VET) is witnessing a daily downtrend of nearly 2%. However, in the weekly timeframe, the crypto asset has increased by over 5%, suggesting an upward move.
As of the time of writing, VET was trading at .0440, with its market cap dropping by 2.78% in the past day. Meanwhile, its trading volume is down by about 24% in the last 24 hours.
In August 2018, during a downside trend in the cryptocurrency market, VET made its market debut. However, following the 2021 bull run, VET rose to the top, peaking at .281 before the cycle ended.
CreataChain Signs MOU With Al Reem FZCO to Develop RWA Marketplace
In a significant move towards revolutionizing asset trading, Dubai-based CreataChain DMCC and Al Reem FZCO have signed a Memorandum of Understanding (MOU) to formalize their partnership. The collaboration aims to leverage blockchain technology to develop a pioneering Real-World Asset (RWA) marketplace. Combining CreataChain’s technical capabilities with Al Reem’s market insights and legal expertise, the two […]
Bitcoin News
Runestone NFTs Lead the Charge in Multi-Chain Marketplace Sales
According to the latest data, the Runestone non-fungible token (NFT) compilation has emerged as the leading NFT collection across various multi-chain support marketplaces. As of now, a Runestone NFT’s base price fluctuates between 0.047 and 0.048 bitcoin, which translates to approximately ,163 based on the current bitcoin exchange rates. Runestone NFT Collection Achieves Top Spot […]
Bitcoin News
Okx Adds Four Inscription Standards to Its Web3 Wallet and Marketplace
Okx has said it will be adding support for four inscription token standards to its Web3 wallet at the beginning of and in late February. The Web3 firm has said the addition of inscription standards to its Web3 wallet and marketplace helps Okx drive the adoption of Web3 and power its next growth phase.
Driving the Adoption of Web3
Okx, a Web3 technology company, announced on Jan. 29 that it will launch support for four new inscription token standards on its platform. The support will start with Bitcoin token standard and stamps (SRC-20) on Feb. 5, followed by atomicals (ARC-20), runes, and dogecoin’s doginals (DRC-20) later in the same month.
According to a statement, Okx will also add DRC-20, ARC-20, and Runes standards to its marketplace in late February, enabling users to trade these inscriptions with zero fees. The Web3 firm has said its ultimate goal is to help drive the adoption of Web3 and power its next growth phase.
Commenting on the addition of new inscription standards, which make Okx one of the leading one-stop inscriptions ecosystems in Web3, Okx Chief Technology Officer Jason Lau said:
“Okx strives to drive mainstream adoption of technologies on the leading edge of Web3, and our new inscriptions ecosystem is evidence of our commitment to this mission. By empowering users to easily buy, sell, create, and trade leading token standards on one platform with zero trading fees, Okx is simplifying access and removing barriers so users can explore and realize the potential of inscriptions.”
As per the statement, the Okx wallet’s inscriptions tool already supports the minting of inscriptions on 23 networks, including Bitcoin, Dogecoin, Ethereum, Polygon, BNB Chain, Avalanche-C, and Arbitrum One. In addition, the Web3 company’s inscription offering is said to be the industry’s most advanced, with liquidity across multiple inscription standards.
What are your thoughts on this story? Let us know what you think in the comments section below.
Gamestop’s Cryptocurrency Adventure Pauses: NFT Marketplace Closure Looms
In an announcement prominently displayed on the Gamestop non-fungible token (NFT) marketplace, the company has revealed its intention to shut down the platform on Feb. 2, 2024. This decision means that users of the Gamstop NFT market will lose the ability to “buy, sell, or create NFTs.”
Gamestop’s Crypto Journey Halts
The Gamestop company (NYSE: GME) is in the process of phasing out its NFT marketplace, as indicated by the notification affixed to the website’s header. This development comes after Gamestop’s August 2023 announcement that it would abandon the Gamestop wallet project due to “regulatory uncertainty” within the cryptocurrency domain. The official discontinuation of this service took place in November 2023.
The company cited the very same rationale for closing its NFT marketplace, citing the “continuing regulatory uncertainty of the crypto space.” Furthermore, the company states, “Effective as of February 2, 2024, customers will no longer be able to buy, sell or create NFTs. Your NFTs are on the blockchain and will remain accessible and saleable through other platforms,” as conveyed on the web portal’s pinned message.
Meanwhile, Gamestop’s overall performance has not been stellar since the Wall Street Bets phenomenon. The company has encountered difficulties in its conventional brick-and-mortar retail sector, primarily because of the growing preference for digital gaming and online sales. Additionally, the company’s financial fundamentals, including its earnings per share (EPS) and price-to-earnings (P/E) ratio, have been less than robust. Over the last half-year, GME shares have seen a decline of more than 37%.
Following collaborations with Loopring and Immutable X, it appears that Gamestop’s foray into the world of blockchain has come to a halt, at least for the time being. The company’s path forward remains uncertain, and its crypto and NFT endeavors seem to have taken a backseat.
What do you think about Gamestop shutting down its NFT marketplace? Share your thoughts and opinions about this subject in the comments section below.
MasterCard Startpath Member Polytrade Moves to 2.0: Partners With Ondo, OpenEden, Maple, 4K, Goldfinch, and Others to Create Marketplace for RWAs
PRESS RELEASE. Polytrade, a leading real-world asset protocol, is taking a major step in its evolution, demonstrating its unwavering commitment to addressing the critical issues surrounding real-world assets. The platform is changing the way RWAs are aggregated and serves as a comprehensive solution for discovering, tokenizing, and facilitating liquidity for real-world assets.
Though the supply of real-world assets has seen significant improvement in recent times, the challenge remains on the demand side. The real-world asset space needs a dedicated platform purpose-built to facilitate discovery, primary sales, and secondary liquidity. Polytrade is stepping up to fill this crucial void by building an RWA Marketplace, the foremost platform that solves these issues.
Polytrade’s RWA Marketplace will serve as a dynamic hub where diverse assets find their value and participants can confidently interact in a secure environment. The marketplace shall have solutions not just for buyers, but also asset originators and secondary sellers. Assets on the marketplace will include everything that derives value off-chain including treasury bills, real estate, loans, structured finance as well as physical collectibles such as Pokemon cards, watches, sneakers, and other goods. It can be seen as an “OpenSea for RWAs”.
To achieve this Polytrade has partnered with protocols such as Ondo Finance, OpenEden, Goldfinch Finance, 4K, Swarm Markets, Pine, Teller, Clearpool, Maple Finance, Unikura, Atlendis, and others.
By bringing together these protocols and spurring interoperability and usability of the assets beyond simple purchase, Polytrade will create an ecosystem where RWAs can truly flourish. For example, Polytrade is working with protocols such as Teller and Pine to provide collateralized loans on the underlying RWA assets. Polytrade sees more partners emerging in areas such as derivatives, white-label distribution, investment banking, ratings, custody, and more.
In addition, Polytrade is also partnering with multiple chains to bring cross-chain interoperability for RWAs, starting with Ethereum and Polygon but soon expanding into other chains. This is key to matching liquidity supply and demand effectively since most RWA assets currently sit on Ethereum.
“We believe in bringing RWA players together, breaking down silos, and fostering a collaborative environment that benefits everyone. Together, we can create a more inclusive and efficient financial landscape.” – Piyush Gupta, CEO of Polytrade
The first phase will be focused on creating discovery and consideration for all assets and building secondary trading for the collectibles asset class. The launch is expected in December 2023.
Polytrade’s core mission is to empower individuals from all walks of life with the ability to invest in easily accessible assets. Polytrade believes in providing financial freedom to everyone, regardless of their economic background, through equitable access to asset ownership. Tokenized real-world assets are the perfect tool to achieve this mission as they level the playing field for all users, from professions and institutions to individuals in developed and emerging markets. In particular, users in emerging markets in the Middle East, Africa, Asia, and Latin America face an acute shortage of hard currency investment options, which can be addressed by access to these tokenized assets intuitively.
Polytrade has achieved remarkable innovations that have transformed the asset tokenization industry. Polytrade pioneered the tokenization of trade finance and authored the revolutionary ERC-6960 standard. The RWA Marketplace is set to redefine the landscape further.
Polytrade recently announced its participation in Mastercard’s Multi-token Network Innovation Sprint and its selection in the Mastercard StartPath Program. Mastercard has selected 7 startups including Polytrade for its global startup engagement program to scale innovation in blockchain and digital assets.
Link to announcement: [https://twitter.com/Polytrade_fin/status/1704123843181424972]
While Polytrade is moving to its next phase, it continues to stick to its trade finance roots. Trade Finance is the protocol’s long-standing expertise and is the first listed asset class on the RWA Marketplace.
“Polytrade was born out of a realization that core challenges in our current financial systems can be solved using blockchain, leading to not just better capital allocation but the meaningful last-mile impact. As our products mature, we are seeing the applicability of our standards across multiple asset classes,” says Piyush.
Launched in 2021, Polytrade has been known for bringing the T trade finance market on-chain, having funded assets of over M. While Polytrade is going beyond its home ground of Trade Finance, it remains a key focus area. One of the key innovations in trade finance is the new structure. Polytrade, for the first time in both TradFi and DeFi, is bringing a bankruptcy-remote trade finance trustee & auditor model. This means tokenized trade finance assets can be serviced directly by a trustee without direct involvement from Polytrade and each data point from insurance coverage, risk rating to yield and the counterparty will be confirmed by an auditor and on-chained via a trusted oracle.
Overall, Polytrade is now gearing up to solve a major roadblock for RWAs as a whole to succeed – the lack of a single platform for users to navigate the world of Real-World Assets. Users can be excited for this next leg of innovation to propel RWAs to the next level. Register for the upcoming marketplace: https://lnk.polytrade.finance/whitelist
Read more about Polytrade 2.0 in this official release note: [https://lnk.polytrade.finance/release-note]
Join Polytrade Communities:
English: https://lnk.polytrade.finance/english
Spanish: https://lnk.polytrade.finance/spanish
SEA: https://lnk.polytrade.finance/Asia
Turkish: https://lnk.polytrade.finance/turkish
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Darknet Marketplace Tor2door Vanishes, Allegedly Swindling a ‘Massive Crypto Escrow Balance’
Numerous reports have detailed that a darknet marketplace (DNM) by the name of Tor2door reportedly pulled off an exit scam, making off with a “massive crypto escrow balance.” Discontent began brewing among Tor2door users when the site vanished from the deep web on September 14, 2023, as per narratives emerging from individuals on the DNM forum Dread.
Tor2door’s Alleged Exit Scam Sends Ripples Through DNM Communities
This week several accounts have surfaced, pointing to a potential exit scam by the Darknet Marketplace (DNM) known as Tor2door, leaving its users and vendors high and dry. The revelation caught eyes on social media platform X, when DNM and Tor researcher ‘Dark Fail’ shed light on the market’s downfall.
“Tor2door darknet market exit scammed this week, stealing a massive crypto escrow balance of pending orders between their narcotics buyers and sellers,” remarked Dark Fail.
Kick-started in July 2020, Tor2door served as a hub for illegal drug transactions, while also offering guides on account hacking, carding, and various types of identity and financial fraud. The narrative of Tor2door’s alleged exit scam was also detailed by the website slcyber.io (Searchlight Cyber), which provided a comprehensive account of the events.
According to Searchlight Cyber, the market boasted more than 19,000 distinct listings and had 900 unique vendors. The chatter surrounding Tor2door’s issues reportedly began circulating on September 14, 2023. The ripples of concern transitioned into waves of distress on the Dread forum, as users found Tor2door’s mirror links rendered useless.
The unfolding narrative told by Searchlight Cyber depicted users in the subsequent days reaching out in desperation to Tor2door admins. Official vendors of Tor2door too voiced their grievances, leading to assumptions of either an exit scam or a law enforcement takedown swirling around.
The conversation has further spilled over to the Reddit on the clearnet forum r/topdarknetmarketplace. “Tor2door has been down for 2 days now,” one person wrote. “No sign from admin at this point. Could be DDoS. Do not take any mirror links from somebody or [a] website you don’t know [is] legit. Be careful folks.”
A post, published 11 days ago on r/topdarknetmarketplace, pondered the possibility of the DNM admin having been apprehended and subdued by law enforcement. Ever since the dawn of the Silk Road, DNMs have mushroomed, igniting a relentless cat-and-mouse chase between operators and the law.
Searchlight Cyber noted that competing “rival markets such as Cypher and Dark Matter” are now vying to attract Tor2door “refugees” towards their alternative DNMs.
What do you think about the DNM Tor2door’s possible exit scam? Share your thoughts and opinions about this subject in the comments section below.