In a significant development in the Artificial intelligence (AI) industry, Daniel Gross, known among other things for his investment in the cryptocurrency platform Coinbase, has teamed up with Ilya Sutskever, former Chief Scientist at Openai, and Daniel Levy, a former Openai employee and an expert in AI privacy, to launch a new venture. The new […]
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“Scaling Bitcoin Together” Event Set to Unite Bitcoin Leaders in Hong Kong
PRESS RELEASE. As a part of Bitcoin Asia Week 2024, the “Scaling Bitcoin Together” event will take place on May 11, 2024, in Hong Kong. This event will bring together top blockchain experts to discuss how to grow the Bitcoin ecosystem. The “Scaling Bitcoin Together” aims to foster discussions that propel the development of the […]
Bitcoin News
Metamask and Blockaid Unite to Fortify Web3 Security With Security Alerts
In a recent development, Metamask, a self-custody Web3 platform developed by Consensys, has partnered with Blockaid, a Web3 security provider. The collaboration aims to integrate security alerts within the Metamask extension in order to enhance the platform’s security features.
Metamask and Blockaid Collaborate for Web3 Security
The latest Metamask initiative focuses on detecting and stopping malicious transactions, offering protection against various cyber threats such as scams, phishing attempts, and hacking. The collaboration between Metamask and Blockaid has reportedly prevented a significant security breach, protecting over 0,000 in assets from a targeted hack on an account associated with Ethereum co-founder Vitalik Buterin.
The security alerts represent a new development in the ongoing efforts of Metamask and Blockaid to improve Web3 platform security. The two entities have implemented a privacy-preserving module to simulate transactions without requiring users to disclose their data to third parties, aiming to maintain user confidentiality and foster a secure digital environment.
“With these native privacy-preserving security alerts, Metamask is not only enhancing user safety but also setting a new standard for privacy-preserving security in the web3 ecosystem,” Metamask co-founder Dan Finlay stated.
In April, Blockaid and Metamask introduced security alerts tailored for Opensea, successfully preventing attempted attacks totaling 0 million to this point. With this achievement, both companies are hopeful that the upcoming security alerts, when set as a default feature in Metamask wallets, will similarly contribute significantly to reducing potential financial losses.
The alert system was introduced following Metamask’s rollout of a new crypto-to-fiat feature, now available in the U.S., U.K., and European markets. Starting Tuesday, desktop users were given the option to enable the alert feature in the Metamask experimental settings.
Plans are in place to introduce the feature on the Metamask mobile app later in November 2023. By the first quarter of 2024, the feature is expected to be integrated and enabled in the wallet by default, with the intention of making it accessible to all of Metamask’s users.
What do you think about Metamask’s and Blockaid’s alert initiative? Share your thoughts and opinions about this subject in the comments section below.
Unite and Prosper: BitFuFu’s Collaborative Approach Empowers Miners Worldwide
PRESS RELEASE. During the Blockchain Pizza Festival held from May 22nd to May 31st, BitFuFu organized an exciting “Team Up, Mine More” event that attracted the attention and participation of many miners. This special event showcased BitFuFu’s commitment to delivering exceptional mining experiences and garnered significant attention from influential mining Key Opinion Leaders (KOLs) and media outlets. It exemplified BitFuFu’s professionalism in the cloud mining industry and garnered high praise from its users.
BitFuFu’s “Team Up, Mine More” campaign during the Blockchain Pizza Festival resonated strongly with the mining community, fostering a spirit of collaboration and unity. Seasoned miners eagerly participated, leveraging their collective expertise and resources to maximize mining efficiency and profitability. The “Team up, Mining more” campaign captured the imagination of miners, creating a sense of community and collaboration. This unique approach not only deepened the sense of camaraderie among miners but also highlighted the tremendous potential of BitFuFu’s cloud mining model.
The remarkable success of BitFuFu’s cloud mining platform has garnered attention from renowned mining KOLs and media outlets. These industry experts have recognized BitFuFu as a leading force, lauding its innovative cloud mining solutions. Their extensive coverage has further solidified BitFuFu’s reputation as a trusted and groundbreaking platform within the mining industry.
The BitFuFu platform fosters an open and supportive community, actively listening to miners’ feedback and suggestions. This user-centric approach allows BitFuFu to continually enhance its offerings, ensuring that miners have access to the most advanced and efficient mining solutions available.
As BitFuFu continues to lead the way in cloud mining, it remains dedicated to driving the industry forward through technological innovation and user collaboration. By harnessing the power of cloud mining, BitFuFu empowers miners worldwide to achieve their mining goals with ease and efficiency.
Join BitFuFu today and experience the future of mining. Together, we can unlock the full potential of your mining operations. Learn more and cloud mining at www.bitfufu.com.
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.
Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar
Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing against the dollar.” Schectman believes that since 2022, de-dollarization “seems to be spinning much, much faster.”
De-Dollarization and CBDCs: Monetary Historian Suggests a Great Reset Is Imminent
In an interview published on Feb. 16, 2023, Miles Franklin executive Andy Schectman discussed his economic predictions with Michelle Makori, the lead anchor and editor-in-chief at Kitco News. Schectman expects a large portion of the world to abandon the U.S. dollar and he also predicts a “tsunami of inflation.” With rising inflation, Schectman suggests that the interest rate set by the U.S. Federal Reserve will continue to rise and a “collapse” in asset prices will soon follow.
Schectman’s opinion is similar to that of Lynette Zang, chief market analyst at ITM Trading, in a recent interview with Kitco’s Makori. Like Zang, Schectman expects an economic collapse and suggests that it will be the time for a Great Reset to take place, with central bank digital currencies (CBDCs) being ushered in. Schectman says that the U.S. dollar was weaponized in 2022, and as a result, de-dollarization “seems to be spinning much, much faster.” The Miles Franklin executive and monetary historian believes that the BRICS nations are “coalescing against the dollar.”
“All it would take,” Schectman said. “Would be for Saudi Arabia to stand up on the stage [and declare] we’re now going to consider taking up other currencies for oil. And all of a sudden, bang, all of the countries that had to hold dollars for the last fifty years, no longer have an interest in holding them. And if they all start to dump dollars, and I think it would happen quickly, you would have a tsunami of inflation hitting the shores of the West.” Schectman told Makori that when asset prices collapse, CBDCs would be deployed. Schectman insisted:
That’s when they would come in and roll out their new CBDC. This gives them cover to roll it in.
Recently, Saudi Arabia has shown interest in joining the BRICS nations, and the kingdom’s finance minister, Mohammed Al-Jadaan, said at the recent World Economic Forum event that Saudi Arabia is open to trading in currencies other than the U.S. dollar. In June of last year, Russian President Vladimir Putin announced the creation of a new international reserve currency at the 14th BRICS Summit. Amid this news, tensions between Russia and China, and the United States continue to escalate.
What are your thoughts on the potential impact of de-dollarization and the rise of CBDCs on the global economy? Share your opinions and insights in the comments section below.
Richape Mille Launches NFTs That Unite the Physical and the Virtual
As the cryptocurrency waltz continues, so does the rapid rise of the NFT phenomenon. As we focus on investments, every market will eventually hit a resistance level. So, smart NFT-makers are planning ahead to focus on how to overcome it.
We can’t say for sure what the secret to success is with launching an NFT as well as it happens with cryptocurrencies – or we’d already be billionaires – but what we can assert that one of the critical factors to ensure long-term growth is the support of a dedicated community that believes in the project.
This is what Richape Mille thought when he put into the pipeline his new collection of NFTs. Look at them as the first step for constructing a more extensive system that combines the physical and virtual in a great unicum: a real hub dedicated to lovers of luxury watches – which becomes its secret weapon.
Metalus NFT, the new collection by Richape Mille
The Metalus collection pays homage in name and features to the famous Nautilus by Patek Philippe and represents an authentic digital art collection dedicated to the world of watches. One hundred different subjects, finely handcrafted into NFTs, will be available in four rarity classes: Rare, Super Rare, Grail, and Piece Unique. A total of 5711 NFTs will be minted.
If you want to know more or participate in the launch of the collection, which will take place around the end of February, we suggest you pre-register on the Richape Mille website – richapemille.com – to access the Discord channel that will be put online soon. This channel will be open to all watch enthusiasts who want to make a difference. It represents the first step towards building a community that will become the backbone of the most important marketplace in the metaverse.
Among the most active in the channel, who will add experiences and content, making it richer and more enjoyable, a few will receive the invitation for the whitelist. This will allow them to buy up to 2 NFTs per wallet at launch price when the NFTs are minted towards the end of February.
The rest of the NFTs will be placed on the most popular public marketplaces once the whitelist offer expires – obviously at prices different from the launch price and subject to the gas war. A few days after the end of the public allocation, the subjects of the NFTs that have been purchased and their rarity will be revealed.
The creation of ChronoMETA
Richape Mille’s commitment to the project is long-term. The launch of Metalus will allow the creation of ChronoMETA, a marketplace on the metaverse dedicated to all things NFT with a luxury watch theme, both physical and virtual, and which will allow participants – namely, the exclusive club of NFT owners of the Metalus series – to operate on it.
On ChronoMETA – the first marketplace of this kind – it will be possible to buy, sell and exchange NFTs with payment in cryptocurrencies, at lower costs than those of a traditional marketplace, quickly and directly, and without the typical problems of “physical” distribution of timepieces: waiting lists, watch flipping, and excessive surcharge by intermediaries.
Another interesting spin on blockchain technology offered by ChronoMETA is the possibility to acquire fractional ownership of an NFT attached to a physical watch. Anyone will be able to purchase a piece of a Grail watch – which may have been entirely out of their reach before – and resell them in the future on the platform—an innovative and exciting investment vehicle.
To top it off, there will be special initiatives and other perks aimed at members of this “club,” both physical and virtual, offered by ChronoMETA in collaboration with the most exclusive manufacturers of luxury watches.
ChronoMETA’s development will also be accompanied by creating a structure dedicated to developing technology and services to allow the great horology Maisons to enter the metaverse simply and effectively: meta-made.org. And if you think it’s just an idea for the future, it’s already happening.
Richape Mille’s ace in the hole: community building
Richape Mille, as we said, aims high. And it goes to great lengths to create a community that is attractive to all participants right away. So, first and foremost, all subscribers to the Metalus collection will receive a custom hoodie with its logo, complete with its digital version in NFT.
And one of them, the luckiest one, will benefit from a very special perk: a dream watch, a platinum Rolex Daytona, complete with box and papers. Physical, not virtual.
In addition, there is an interesting spin-off dedicated to those who own NFTs from the Bored Ape Yacht Club. If someone holds them and keeps them on the same wallet as the Metalus series, they will receive a completely free NFT derivative that will show their monkey wearing the Metalus series watch that they own.
Richape Mille’s initiative, which combines the physical and virtual worlds into a unique and distinctive project, is in the process of launching. It looks like a perfect example of how value can be created by looking further into the metaverse. This environment will become the new dimension of global business in ways we can only imagine today in early 2022.
A gamble? Maybe so. But those who bet on Bitcoins indeed bet on a horse that turned out to be a winner.
MiL.k, Bithumb and Yanolja Unite to Boost Crypto Adoption
The crypto industry is no stranger to strategic partnerships, and to the string of previous alliances, we can now add a new trifecta. In this instance, the accord has been struck by blockchain rewards integration platform MiL.k, South Korea’s largest online travel agency Yanolja, and long-established crypto exchange Bithumb.
As part of the new business and marketing partnership, each company will pool resources and share infrastructure to promote their respective services. MiL.k and Yanolja already have a degree of familiarity: since April, Yanolja members have been able to connect the Yanolja app to the MiL.k app, enabling them to earn rewards and participate in MiL.k promotions.
While the existing audience of MiL.k and Bithumb is mostly crypto natives, Yanolja has many non-crypto clients which its partners will hope to onboard. Last year, the booking platform achieved a valuation of billion and has had a banner 2020, with revenue growth of over 70% for the fifth consecutive year.
One Loyalty Platform to Rule Them All
MiL.k operates in the travel, lifestyle and leisure sectors, and aims to streamline existing mileage and loyalty programs via a native crypto token, Milk Coin (MLK). Within the MiL.k ecosystem, the digital asset can be traded, used to purchase discounted rewards, and even converted into fiat currency via supporting crypto exchanges.
With the global market for loyalty programs expected to hit 1 billion by 2022, MiL.k intends to capitalize by partnering with global service providers such as hotels, airlines and Duty-Free retailers. Recently, the project launched a coupon payment feature for Jin Air, Korea’s second-largest low-cost carrier, and a new staking service called MiL.k Pack has also gone live on the app’s wallet.
“We are expecting to meet more users through this partnership,” said Jayden Jo, CEO of MiL.k. “As a blockchain-based platform, we will try our best to benefit many kinds of users that are either crypto or non-crypto. MiL.k will keep adding more services on its platform app by making more alliance partnerships, and this will be beyond borders.”
Prior to the partnership, the MLK token was available for trading on Singapore exchange KuCoin and South Korea platform Upbit. With Bithumb now onboard, the MLK token will be available to an extra eight million registered users. Bithumb and Upbit are South Korea’s largest crypto exchanges by daily trade volume.
MiL.k Is Coming to China
In a recent AMA, Jayden Jo suggested that MiL.k’s token would soon be available to trade in China and that more domestic and international partners would join the ecosystem. “Our vision as a company, and as a project, is to bridge blockchain technology to everyday lives,” he explained. “We will do our best to prove the mass adoption of the technology by offering beneficial service to our users.”
While the three companies are tight-lipped about the specificities of the agreement, it is likely that MiL.k will be more deeply integrated into Yanolja’s core infrastructure, while Bithumb will promote adoption of the cryptocurrency.
7 Southern EU Nations Unite to Take Lead on Blockchain Adoption
Seven EU member nations have come together to promote the use of blockchain tech to boost government services and economic well-being.
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Global Authorities Unite to Tackle Tax Evasion Enabled by Cryptocurrencies
Leaders of tax enforcement authorities from around the world have united to combat global financial crimes enabled by cryptocurrencies and other technologies. The group formed will be known as the Joint Chiefs of Global Tax Enforcement, or J5, and will comprise of participants from Australia, the U.S., Holland, Canada, and the U.K.
J5 Formed in Response to a Call to Action from the OECD
The idea behind the collaborative effort is to share information and to increase the ability of its members to operate against global financial crimes.
The J5 will consist of tax agencies including: HM Revenues and Customs, the Internal Revenue Service Criminal Investigation, the Australian Criminal Intelligence Commission, the Australian Taxation Office, the Canadian Revenue Agency, and the Fiscale Inlichtingen-en Opsporingsdienst.
A statement published today on the IRS website reads:
“We are convinced that offshore structures and financial instruments, where used to commit tax crime and money laundering, are detrimental to the economic, fiscal, and social interests of our countries.”
It goes on to state that the J5 will be investigating those who enable global money laundering, as well as those who benefit from it. They will also work together “to reduce the growing threat to tax administrations posed by cryptocurrencies and cybercrime.”
The chief of the Internal Revenue Service Criminal Investigation, Don Fort, told Forbes that a combined initiative was required as the efforts of lone nations were no longer sufficient to tackle the problem on the global scale. He continued:
“The J5 aims to break down those walls, build upon individual best practices, and become an operational group that is forward-thinking and can pressurise the global criminal community in ways we could not achieve on our own.”
During the group’s first meeting that was held last week, the J5 outlined plans and began to devise ways to track criminals who were responsible for such financial crimes. Additional updates are expected to be announced later in 2018.
According to the post on the IRS website, the J5 group is a response to a call to action from the Organisation for Economic Co-operation and Development. The OECD, which consists of 35 member states and was founded in 1961, previously stressed the importance of countries stepping up their efforts to tackle those that enable tax-related crimes.
Previously at NewsBTC, we’ve reported on tax evasion issues surrounding cryptocurrency. For example, in December of 2017, the IRS targeted Coinbase by court order. The company were demanded to divulge all those customers who made transactions of ,000 or more between the years of 2013 and 2015.
Featured image from Shutterstock.
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US and Canadian Securities Regulators Unite for ‘Operation Cryptosweep’
Operation Cryptosweep was announced earlier today. The goal of the coordinated effort from numerous North American securities regulators is to clean up scams and fraudulent offerings from the cryptocurrency space.
Regulators Share Resources to Crackdown on Scam ICOs
The joint crackdown that will go by the name of Cryptosweep will see over 40 U.S. and Canadian regulators united with the common goal of ridding the cryptocurrency industry of fraudulent initial coin offerings (ICOs) and cryptocurrency investment opportunities.
The president of the North American Securities Administrators Association (NASAA), Joe Borg, told Forbes that there had been over 60 investigations and a further 35 enforcement actions made this month alone. He went on to address the formation of the joint initiative:
“The persistent exploitation of the crypto ecosystem by fraudsters is a significant threat to Main Street investors in the United States and Canada.”
Borg then continued to state that Operation Cryptosweep had been inspired by his own organisation’s crackdown against fraudulent web stock offerings. The NASAA were influential in fighting back against scammers who were keen to take advantage of novice investors during the dot.com bubble.
Finally, Borg highlighted the importance of regulators sharing resources to successfully overcome the issue of fraudulent ICOs and crypto investment products. He also mentioned that they’d be working with the likes of the U.S. Commodity Futures Trading Commission (CFTC), along with the U.S. Securities and Exchange Commission (SEC). The NASAA president said:
“We all have limited resources. You are going to see a lot more collaboration.”
Already in 2018, there have been some rather high profile examples of ICOs coming under scrutiny for suspected fraud. One of the largest cases involved Centra Tech, a company that was being heavily promoted by heavyweight boxer Floyd Mayweather. These are the kind of ICOs and investment opportunities that Cryptosweep is said to be targeting.
Many in the cryptocurrency space feel that such an approach is long overdue. Back in February of this year, long time crypo advocates and investors Tyler and Cameron Winklevoss said that they felt that authorities hadn’t moved quickly enough to regulate the space.
Meanwhile, market researchers at Tabb recently published a paper which claimed that one of the largest obstacles stopping institutional money entering the cryptocurrency market was a lack of regulation. They also stated that 2018 would be the year that this and other issues facing the market would be resolved.
This would allow for the sudden influx of money that many commentators feel is needed to push the prices of Bitcoin and other digital currencies back beyond their all-time highs and towards some of the most bullish price calls.
Featured image from Shutterstock.
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