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  • Cryfi Releases V1 of Blockchain-Verified Signal Trading App on Telegram, with Founder Pass NFT Sale to Launch May 3 | by BitMedia Buzz | Apr, 2024

    Cryfi Releases V1 of Blockchain-Verified Signal Trading App on Telegram, with Founder Pass NFT Sale to Launch May 3 | by BitMedia Buzz | Apr, 2024

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    Providing Proof-of-Signal, Cryfi’s trading signal platform features blockchain-verified signals and a leaderboard of top signal providers. Offering the perfect combination of control and automation, Cryfi users will be able to easily copy and adjust signals and then automatically implement these signals on CEXs and DEXs via API integration.

    SINGAPORE, April 11, 2024 — Cryfi, a blockchain-verified trading signal platform, has released its Alpha version as a Telegram Mini App that goes beyond basic copy-trading to make it easier to not only share but adjust and implement trading signals. Cryfi’s Founder Pass NFT collection that grants users numerous perks on the platform will also be made available for early Cryfi supporters on May 3rd. The full-featured web-app launches later this year with the world’s first blockchain-verified trading signals and leaderboard.

    “We’re developing Cryfi’s on-chain verification to bring trust and transparency to crypto trading and remove the scam-traders that the space has become famous for,” said Cryfi founder and CEO Yura Mizin. “As we enter crypto’s next bull run, more and more people are keen to start trading. There is no better way to learn how than to follow and listen to the best traders on the market today. However, since it’s currently impossible to verify someone’s trading skills, too many people end up following fakers who claim to be pros.”

    Cryfi addresses these problems and more.Providing Proof-of-Signal, Cryfi’s trading signal platform features blockchain-verified signals and a leaderboard of top signal providers. Offering the perfect combination of control and automation, Cryfi users will be able to easily copy and adjust signals and then automatically implement these signals on CEXs and DEXs via API integration.

    Trading channel subscriptions, member management and promotions will be automatically handled for signal providers, so they can focus on trading and building their reputations. Meanwhile, traders can learn all the best trading strategies together via trading courses and a closed discussion group with top-performing signal providers on the platform.

    “Cryfi will be like a passport — a blockchain-verified certificate that showcases your trading capabilities. In addition, Cryfi will offer plenty of other features to help traders and signal providers trade more quickly and efficiently.”

    Available now, Cryfi’s Alpha version is a Telegram Mini App that allows signal providers more efficiently share their signals in their own existing communities, with automatic integration with Binance via API. The full-featured web-app platform is scheduled for launch in Q3 2024, with Cryfi’s $CRFY token scheduled to launch in early 2025. The whitelist for their Founder Pass NFTs is already open, with an official Cryfi Galxe campaign ongoing until May 3rd with USD 6,000 worth of NFTs to give away. Stay tuned to their social media channels for the launchpad reveals.

    Founder Pass NFTs Available May 3: Numerous Perks for Early Supporters

    The Founder Pass is a limited edition collection of 430 utility NFTs that give early supporters many distinct benefits on the Cryfi platform — such as a membership in a closed group with pro traders and lifetime subscriptions to trading courses and Cryfi Pro, which will allow traders to copy and adjust signals and technical analysis on the live chart. There are two tiers of NFTs: the Shark Pass, which caters to novice traders, and the Whale Pass, which grants additional perks such as profit sharing, larger discounts and forever access to signal channels to Cryfi’s top ambassadors. Both tiers have plenty of other perks, too. See the official Cryfi Medium blog for more information about all the benefits of owning a Cryfi Founder Pass NFT.

    Founder Pass NFT Details

    • Shark Pass: $300 each, 404 NFTs in total
    • Whale Pass: $3000 each, 26 NFTs in total

    To earn a spot on the Founder Pass whitelist prior to the NFT launch, supporters should visit the Galxe campaign page linked below and complete the social tasks listed there. The top 50 participants will earn a guaranteed chance to purchase Founder Pass NFTs. All participants will also receive a free Early Supporter badge and be entered into raffles, with prizes coming from a pool of NFTs worth USD 6,000.

    Participate in the Galxe campaign here: https://app.galxe.com/quest/Cryfi/GCFddtTagR

    Top Partners to Bring Further Value to the Cryfi Platform

    Cryfi is also forging a number of important partnerships that will bring new features to the platform. One key partner is Analog, a company which is developing a suite of multi-chain protocols. Analog’s interoperability technology will help Cryfi query other blockchains to seamlessly compare signal prices with real prices, and trade signals across chains without having to deal with smart contracts.

    “One of our visions is to help move traders from Web2 to Web3. While most people are familiar with the big names in the crypto space — Bitcoin, Binance, Ethereum and so forth — a lot of traders are not actually Web3 users. We want to change that,” Mizin said. “Lucky for us, Analog has all the tools we need to achieve this.”

    Other partnerships will add new capabilities to the Cryfi platform post-launch. Copin will bring their on-chain traders to Cryfi as signal providers, Yoki Finance will bring crypto payments for channel subscriptions, and the quant trading platform Crypto Arsenal will onboard Cryfi’s signal providers as additional analytics sources. Further big features coming up include copytrading, algorithm trading, trading bots and AI bots.

    Cryfi’s team of experts boasts more than 50 years experience in product development, 30 years in blockchain, and 10 years in trading combined. Team members have worked with a number of leading brands, including Equifax, HTX and other fintech leaders in the Web2 and Web3 spaces.

    See how Cryfi works in this video:

    Cryfi is More Than Just Another Trading Platform — It’s a Trading Community

    By providing a fair and transparent social space where traders and signal providers can share ideas, Cryfi is building a real community of people with similar goals. Anyone can submit trading signals on Cryfi — their blockchain-verified track record will speak for itself on Cryfi’s leaderboard. This removes a huge barrier of entry for new signal providers, while ensuring Cryfi is represented by some of the best traders on the market.

    Supporters who join early will enjoy the benefit of utilizing the first blockchain-verified trading signals on the market, giving them increased trust in the validity of their trading strategies that most other trading communities cannot offer. Founder Pass NFT holders will also be the first to try out all new features Cryfi adds to its platform, giving them a distinct advantage when compared to members who join the platform later on.

    About Cryfi

    Launched in 2024, Cryfi is a crypto trading app that connects traders with blockchain-verified signal providers. The newly released MVP is available as a Telegram Mini App that allows for easy creation and implementation of trading signals. A future version is being developed that will include a mobile app, signal channel subscriptions, a leaderboard for top-performing signal providers, API integration with more centralized exchanges and DEXs, a trading school, and more.

    Official Channels

    Cryfi Website: https://cryfi.app/

    Cryfi Twitter: https://twitter.com/Cryfi_app_

    Cryfi Medium Blog: https://medium.com/@cryfi_app

    Cryfi Telegram (Announcements): https://t.me/+GggbNqo8GLcwNTVi

    Cryfi Telegram (Chat): https://t.me/cryfi_official

    Cryfi V1 (MVP): https://t.me/CryfiBot

    Cryfi LinkedIn: https://www.linkedin.com/company/cryfi/

    Cryfi Whitepaper: https://cryfi.gitbook.io/cryfi

    Cryfi Video: https://www.youtube.com/watch?v=6Q3gpqiqVp0

    Cryfi Whitelist Galxe Campaign: https://app.galxe.com/quest/Cryfi/GCFddtTagR



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  • Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems

    Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems

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    Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum EcosystemsBlockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In a statement released on Thursday, Ripple revealed its intention to introduce a stablecoin token linked to the […]

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  • Top-selling Devilman Manga Launch NFTs on PlayMining Platform in Collaboration with JobTribes Game | by BitMedia Buzz

    Top-selling Devilman Manga Launch NFTs on PlayMining Platform in Collaboration with JobTribes Game | by BitMedia Buzz

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    BitMedia Buzz

    The limited edition Devilman NFTs can be bought with PlayMining’s DEP token which is leading in the current gamefi rally ahead of Immutable ($IMX), Oasys ($OAS), Guild of Guardians ($GOG) and Axie Infinity ($AXS) in terms of one-month and three-month gains in both token price and market cap.

    SINGAPORE, Jan. 24, 2024 — Digital Entertainment Asset Pte. Ltd. (DEA), a Singapore-based global GameFi company and owner of the PlayMining gaming platform, has announced the launch of a limited edition NFT collection for the Job Tribes Play-and-Earn (P&E) card battle game in collaboration with the popular Devilman manga and anime series. The announcement comes at the height of PlayMining’s DEAPcoin ($DEP) rebound, with prices and market cap up 115% and 166% respectively from where they stood when the GameFi market rally began three months ago.

    Limited quantities of six different Devilman NFTs will be available for purchase from the PlayMining NFT marketplace from Jan. 24 at 14:00 to Jan. 31 at 10:59 (UTC+8). The limited edition collaboration NFTs will feature artwork of characters from the Devilman series across three Epic and three Legendary cards. After the sale ends, a limited quantity of cards will still be available to win via random draw by spending DEP to purchase “Premium Recruitment” tickets in the Job Tribes game. Premium Recruitment will be available from Jan. 31 at 16:00 until Feb. 14 at 10:59 (UTC+8), or while supplies last. As a special incentive, a one-of-a-kind “Rage of Fire Devilman” Legendary collaboration NFT will be awarded as a bonus prize to the player who draws the very last Premium Recruitment NFT.

    To commemorate the Devilman collaboration, JobTribes will feature an in-game event called “Devilman’s Invasion!” from Jan. 31 at 16:00 until Feb. 14 at 10:59 (UTC+8). The tie-in event will see players competing to win Devilman’s amulet in the form of a Legendary collaboration NFT. Other game items will also be available to be won.

    Devilman is a well-known manga and anime series that has had numerous iterations since it first launched in 1972. Over 50 million copies of the manga have been sold worldwide, placing it as a top-60 best selling manga series.

    Sales Information

    Legendary NFTs:

    • 3 types, each limited to 10 pieces (total 30 pieces)
    • Immediate sale price: 360,000 DEAPcoin
    • One bonus Legendary NFT exclusively available through “Premium Recruitment”

    Epic NFTs:

    • 3 types, each limited to 10 pieces (total 30 pieces)
    • Immediate sale price: 60,000 DEAPcoin

    $DEP: Dominating the GameFi Market Rally for Over Three Months

    Late October 2023 saw a massive spike in many GameFi token prices, and the bullish market performance continued in a sustained GameFi rally through the new year. PlayMining’s DEP is one of the strongest performing high-profile GameFi tokens on the market today, surpassing Immutable ($IMX), Oasys ($OAS), Guild of Guardians ($GOG) and Axie Infinity ($AXS) in terms of one-month and three-month gains in both token price and market cap.

    DEP is the proprietary token used to purchase NFTs on PlayMining’s marketplaces, and can be earned as a reward for playing PlayMining GameFi games. With DEP’s rising market price, PlayMining NFTs are also increasing in intrinsic value.

    DEP listed on Tokenize Xchange recently where it is tradable with USD and SGD, and can also be traded on other popular cryptocurrency exchanges including OKX, Uniswap, Gate.io, Bitrue and Bitmart.

    Boasting a Brand New Business Model: #GamifyingWork Across All Industries

    DEP’s strong rebound immediately followed an official announcement by PlayMining of multiple high-profile partnerships with whom PlayMining is co-developing a new business model called “Gamifying Work”. The initiative will see new P&E games developed for the PlayMining GameFi platform that gamify work tasks for real-world companies.

    “There are serious labor shortages across many industries all around the world these days, but many of these jobs feature work tasks that could be performed remotely. We can help alleviate labor shortages by gamifying some of these work tasks in PlayMining games, where players are incentivized with DEP tokens in exchange for ‘doing the work’ as in-game quests,” said DEA co-founder and co-CEO Kozo Yamada.

    PlayMining’s labor shortage solution tackles a severe problem — four out of five companies suffer from a lack of talent worldwide, according to a 2023 ManpowerGroup report. In addition, a significant proportion of businesses suffering from labor shortages are in the heavy industries — a space that PlayMining is specifically addressing with a number of their recent partnerships.

    For example, a pilot project is launching in Japan this spring for PlayMining’s partnership with TEPCO Power Grid, the fourth-largest electric power company in the world. TEPCO has had a hard time employing enough power pole inspectors to maintain their aging power infrastructure around Japan. But soon, PlayMining gamers will be able to fill this demand — a new game will send teams of players out into their local communities to photograph power poles, with winning teams earning DEP rewards.

    Another ‘gamifying work’ collaboration underway is PlayMining’s novel solution for the waste management industry — a game that will allow players to remotely control actual physical waste-sorting robots at Japanese waste-processing facilities, thus alleviating a labor shortage in that space. Additionally, DEA has secured investment from KDDI, the second-largest telecom operator in Japan, opening the company up to business collaborations through their network. New projects revealed in PlayMining’s October announcement included initiatives across a wide range of industries, ranging from disaster prevention, local revitalization and CO2 reduction to social good projects targeting elderly quality-of-life, animal welfare, employment for people with disabilities and inheritance.

    The PlayMining GameFi platform’s catalog of P&E games includes: JobTribes, Menya Dragon Ramen, Cookin’ Burger, Lucky Farmer, Graffiti Racer, SOUL Fusers and Rogue Roll Ruler’s. The platform also has two NFT marketplaces, a manga-integrated metaverse project and a ‘Watch-and-Earn’ streaming video application. And soon, it will feature a growing number of ‘gamifying work’ games!

    Businesses and individuals interested in discussing collaboration opportunities with PlayMining can use the following email address to get in touch with the PlayMining business development team: recruit@dea.sg

    About Digital Entertainment Asset

    Digital Entertainment Asset Pte. Ltd. (DEA) is a Singapore-based global Web3 entertainment company founded in August 2018. DEA is a developer of Play-to-Earn (P2E) games — also referred to as Play-and-Earn (P&E) games. DEA also operates the PlayMining gamefi platform, NFT marketplace and ‘Verse’ metaverse project as well as DEAPcoin ($DEP) — the first P&E token approved by the Financial Service Agency (FSA) of Japan. The team is headed by two co-CEOs — Naohito Yoshida and Kozo Yamada — who together bring decades of experience in founding successful startups (with 3 IPOs), creating hit video games, producing Web TV programs and displaying a deep understanding of NFT gaming.

    About PlayMining

    PlayMining is a GameFi and metaverse platform that empowers creators who would otherwise benefit very little in the traditional IP creation industry. The PlayMining platform is a new business model for content creation, featuring an NFT Marketplace powered by the PlayMining DEAPcoin ($DEP), paired with an NFT gaming and Metaverse platform. Featuring both in-house games as well as third-party projects with their own native tokens that allow creators to capture much of the value they create, the PlayMining platform has 2.7 million users and a catalog of P&E game titles including Job Tribes, Cookin’ Burger, Menya Dragon Ramen, Graffiti Racer, Lucky Farmer, Rogue Roll Ruler’s and SOUL Fusers, as well as the metaverse project Fujiwara Kamui Verse.

    About JobTribes

    JobTribes is a card battle game themed around various occupations, featuring characters that personify different jobs. NFTs can be used as powerful battle cards significantly influencing the outcome of battles. The game’s story is handled by Shin Kibayashi, one of the top six creators in Japan selected by Netflix, offering a grand world view.

    Official Channels

    PlayMining Website: https://playmining.com

    PlayMining Discord: https://discord.com/invite/xWeHGdt

    PlayMining X (formerly Twitter): https://twitter.com/PlayMining_SG

    PlayMining Facebook: https://www.facebook.com/PlayMining/

    PlayMining Medium: https://medium.com/playmining-game

    PlayMining Youtube: https://www.youtube.com/channel/UCGWmK0RLV4SB_PSXpj2j6dw

    JobTribes Website: https://jobtribes.playmining.com/

    JobTribes X (formerly Twitter): https://twitter.com/JobtribesJP

    JobTribes Discord: https://discord.com/invite/UcEAuyZGCV

    DEA Website: https://dea.sg

    About Devilman

    Devilman is one of the representative works of manga artist Go Nagai. It depicts a fierce battle between a demon army intent on destroying humanity and Devilman, who betrays them to side with the humans. This work, which was simultaneously serialized in manga and broadcast as a TV anime series, was a pioneer of mixed media projects in Japan.



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  • NFT GameFi Paladin Pandas Raises USD 4 Million in Funds and Launch $BAMB Token | by Bit Media Buzz | Apr, 2022

    NFT GameFi Paladin Pandas Raises USD 4 Million in Funds and Launch $BAMB Token | by Bit Media Buzz | Apr, 2022

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    OHDAT-affiliated NFT Game Project Paladin Pandas launched their ERC-20 Token $BAMB on the Ethereum chain on April 6th 2022. This established Paladin Pandas as one of the first NFT projects that has completed both the launch of their play-to-earn game and their token.

    A hand-drawn 10K NFT collection launched on Opensea on September 28th 2021, Paladin Pandas sold out in 32 minutes. It was ranked №6 on the daily volume leaderboard, №13 on the weekly volume leaderboard and featured on the OpenSea homepage.

    NFT whale owners including influencer and top collector, Zeneca_33, COLE, co-founder of Pudgy Penguins, and NFT influencers Josh Ong and NFT Girl, as well as crypto artist JN Silva, all added Paladin Pandas to their collection.

    This led to recognition from established VCs and other institutions and angel investors and OHDAT raised funding totalling US$4M from Future Capital, Hashkey Capital, Innoangel, Y2Z Capital, Vincent Niu, the founder of Sky9 Capital and Mandy Wang, the founder of Odaily. The funds raised were to go towards launching new projects and implementing the Open World social simulation game and MMORPG game, highlighted on their Roadmap 2.0.

    On January 25th, Paladin Pandas launched ‘PvE game Space Expedition’, where players send their Pandas to planets on an expedition (with 15 stages each) while strategically putting the Pandas into teams of 3 to retrieve the lost $BAMB (Bamboonium) through battles and mini-games. Since categories like element, class, weapon all matter in the gameplay, players need to select the right pandas to buy and be sent to battle, involving strategy gameplay.

    All $BAMB earned from the PvE game is locked in the players’ $BAMB balance, to be unlocked and claimable at a weekly rate of 15%. The lockup can be lifted if players manage to get on the PvP daily/weekly leaderboard.

    On March 9th, PvP: ‘Panda v. Panda’ open demo was officially released, a 1V1 3D combat game for true gamers. Players pay $BAMB to enter the arena and loot more $BAMB from other players. With 48 weapons, 7 basic moves and 21 stages, the gameplay is not limited to a ‘Stake-to-Earn’ mechanism; it is an actual ‘Play-to-Earn’ NFT game with delightful strategy gaming, which is a stab at revolutionizing NFT gaming. Up to now, which can be quite monotonous when the focus is only on the earnings. The PvP open demo initiated the “Clean the rugs’ campaign and airdropped 40K $BAMB tokens to the gamefi project holdlers.

    Giving perks to all NFT holders was taken into account when devising the Paladin Pandas ecosystem. Mandatory to use a Paladin Panda to enter the game, so as to extend the user base to more NFT gamers, non-holders can also rent Pandas by paying $BAMB. The rental limit for each Panda is 2x for PvE and 3x for PvP.

    Besides being an in-game currency, $BAMB has several utilities. First, $BAMB can be staked along with LP tokens to mine 5% of the overall supply, a total of 25M $BAMB. Second, $BAMB can be swapped to Power Raffle tickets, which is a WEB3 raffle machine to win blue chip NFT projects with minimum entry fees. Third, $BAMB holders are able to access exclusive online store merchandise, in-game marketplace boosts, and also the whitelist marketplace to consume their tokens.

    To celebrate the $BAMB launch, the OHDAT team will incentivize Panda owners with 2 airdrops. First, 60 Rent Tickets will be dropped to 30K new addresses for mining the game, for their first run. Second, 1.5% of the overall supply, totaling 7.5M $BAMB will be airdropped to all Panda holders. Prioritizing fun gaming features, Paladin Pandas aims for $BAMB to be a “blue chip token” in the NFT market over the long term.

    Paladin Pandas Links

    Opensea: https://opensea.io/collection/paladin-pandas

    Twitter: https://twitter.com/Paladin_Pandas

    Discord: http://discord.gg/paladin-pandas

    Website: https://paladinpandas.com

    Tokenomics: https://paladin-pandas.gitbook.io/usdbamb-tokenomics/



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  • ClearSoftware teams with Zellim to launch DAO team productivity app

    ClearSoftware teams with Zellim to launch DAO team productivity app

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    Zellim, an integrated software solutions company, today announced a partnership with ClearSoftware, a build of decentralized systems, to launch a new decentralized autonomous organization (DAO) platform. The joint efforts will result in decentralized integration of Zellim’s all-in-one productivity platform.

    Many of Clear’s companies and organizations operate as decentralized autonomous organizations (DAOs) with offices all over the world including the United States, Canada, New Zealand, Taiwan, China, the Netherlands, and India.

    “With thousands of businesses having to shut their doors for good since the start of the pandemic, our team has worked hard to combine the most necessary communication and productivity tools into one affordable app. This partnership now allows us to give users the latest in privacy & security too.”
    – Jerry Ulrich, Zellim Founder & CEO

    The Zellim platform includes popular productivity and communication tools including contacts, project management, video conferences, voice channels, encrypted team chat, an automated appointment calendar, document vault, and much more.

    ClearSoftwares privacy quest is well underway and based on the partnership with Zellim, the exclusive decentralized integration of the ClearONE Teams Platform will soon be included on every ClearPHONE. These ‘new-age’ devices utilize blockchain technology to give users the utmost security.

    “With the integration of this platform, users can communicate with their team, share files, and run their business with the peace of mind that comes with ClearSoftware products. While the platform is in Alpha release, we’re accepting pre-registrations. We’re offering early adoption pricing which allows users to benefit from significant discounts. This special offer will only last while we’re wrapping up the final stage of development.”
    – Michael Proper, ClearSoftware Chairman

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  • State Street to Launch a Digital Custody Offering with Copper.co

    State Street to Launch a Digital Custody Offering with Copper.co

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    State Street Corporation, a leading provider of financial services, announced on Wednesday that its dedicated Digital division, State Street Digital, has entered into a licensing agreement with London-based crypto custody and trading infrastructure provider Copper.co.

    According to the press release, State Street Digital will develop and launch a digital custody offering where clients can store and settle their digital assets within an environment operated by State Street, subject to regulatory approval.

    “As institutional investors’ interest in digital assets continues to grow, we are building the financial infrastructure needed to support our clients’ allocations to this new asset class. State Street Digital’s mission continues to focus on putting the right tools in place so we can provide clients with solutions to support their traditional as well as digital assets needs. Today’s exciting announcement will only enhance our ambition to deliver to our clients an amazing digital experience. We look forward to collaborating with the team at Copper as State Street Digital continues to grow,” Nadine Chakar, head of State Street Digital, commented on the announcement

    Copper.co offers custody, trading, and  settlement  solutions across 450 crypto-assets and over 40 exchanges for institutional investors. With its infrastructure and experience, the firm will assist clients in transitioning to the new digital economy and thriving there.

    “That State Street, one of the world’s largest custodians, is creating a new digital asset service is a hugely important development for institutional engagement in this new asset class. We are proud to be part of State Street’s goal to lead the way in the transformation of financial infrastructure,” Sabrina Wilson, COO at Copper.co, highlighted.

    BNY Mellon Crypto Custody Platform

    Last month, BNY Mellon, a major US global bank headquartered in New York, announced plans to launch a digital asset custody platform to enable institutional clients to get exposure to  cryptocurrencies  .

    The new custody platform will enable customers to hold the major crypto coins like Bitcoin and Ether in BNY Mellon crypto wallets which will be powered by Fireblocks technology.

    State Street Corporation, a leading provider of financial services, announced on Wednesday that its dedicated Digital division, State Street Digital, has entered into a licensing agreement with London-based crypto custody and trading infrastructure provider Copper.co.

    According to the press release, State Street Digital will develop and launch a digital custody offering where clients can store and settle their digital assets within an environment operated by State Street, subject to regulatory approval.

    “As institutional investors’ interest in digital assets continues to grow, we are building the financial infrastructure needed to support our clients’ allocations to this new asset class. State Street Digital’s mission continues to focus on putting the right tools in place so we can provide clients with solutions to support their traditional as well as digital assets needs. Today’s exciting announcement will only enhance our ambition to deliver to our clients an amazing digital experience. We look forward to collaborating with the team at Copper as State Street Digital continues to grow,” Nadine Chakar, head of State Street Digital, commented on the announcement

    Copper.co offers custody, trading, and  settlement  solutions across 450 crypto-assets and over 40 exchanges for institutional investors. With its infrastructure and experience, the firm will assist clients in transitioning to the new digital economy and thriving there.

    “That State Street, one of the world’s largest custodians, is creating a new digital asset service is a hugely important development for institutional engagement in this new asset class. We are proud to be part of State Street’s goal to lead the way in the transformation of financial infrastructure,” Sabrina Wilson, COO at Copper.co, highlighted.

    BNY Mellon Crypto Custody Platform

    Last month, BNY Mellon, a major US global bank headquartered in New York, announced plans to launch a digital asset custody platform to enable institutional clients to get exposure to  cryptocurrencies  .

    The new custody platform will enable customers to hold the major crypto coins like Bitcoin and Ether in BNY Mellon crypto wallets which will be powered by Fireblocks technology.

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  • MUFG Shuts Blockchain Payments Network within a Year of Launch

    MUFG Shuts Blockchain Payments Network within a Year of Launch

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    Japan’s largest lender, Mitsubishi UFJ Financial Group (MUFG) announced on Tuesday the decision to shut down the blockchain-based online payments network, Global Open Network Japan that was developed in collaboration with Akamai Technologies.

    The bank has already started the preparation of the stuttering and cited a tough environment in the  payments  space behind the move. “Slow growth of payment transaction numbers caused by the impact of the COVID-19 pandemic and other factors, made it difficult to develop its business on the scale originally anticipated,” the official press release stated.

    Death of an Ambitious Project

    MUFG and Akamai first announced their plans to form a joint venture in 2019 for the development of a blockchain payments system. However, the project faced delays before its launch in April 2021.

    The Japanese bank owned 80 percent of the joint venture, and the rest was with Akamai.

    One of the primary goals of the project was to provide a platform with high  scalability  and multi-connectivity data processing to meet the rising demand for the Internet of Things (IoT). In the shutdown notice, the bank pointed out that it struggled to fit its solution with the IoT growing market needs.

    The joint venture, GO-NET Japan, is now coordinating with its clients and partners, and will eventually close all operations and then start the liquidation process. However, the Japanese bank highlighted that the shutdown of the project will not impact its financial results in the ongoing financial year.

    Despite the shuttering of the project, MUFG is still bullish with plans of its other digital strategies and is discussing further collaboration with Akamai.

    “MUFG is discussing further opportunities of collaboration with Akamai and seeking to drive momentum in open innovation through alliances with global business partners and by utilizing the latest technologies based on experience from the GO-NET project,” the lender added.

    Japan’s largest lender, Mitsubishi UFJ Financial Group (MUFG) announced on Tuesday the decision to shut down the blockchain-based online payments network, Global Open Network Japan that was developed in collaboration with Akamai Technologies.

    The bank has already started the preparation of the stuttering and cited a tough environment in the  payments  space behind the move. “Slow growth of payment transaction numbers caused by the impact of the COVID-19 pandemic and other factors, made it difficult to develop its business on the scale originally anticipated,” the official press release stated.

    Death of an Ambitious Project

    MUFG and Akamai first announced their plans to form a joint venture in 2019 for the development of a blockchain payments system. However, the project faced delays before its launch in April 2021.

    The Japanese bank owned 80 percent of the joint venture, and the rest was with Akamai.

    One of the primary goals of the project was to provide a platform with high  scalability  and multi-connectivity data processing to meet the rising demand for the Internet of Things (IoT). In the shutdown notice, the bank pointed out that it struggled to fit its solution with the IoT growing market needs.

    The joint venture, GO-NET Japan, is now coordinating with its clients and partners, and will eventually close all operations and then start the liquidation process. However, the Japanese bank highlighted that the shutdown of the project will not impact its financial results in the ongoing financial year.

    Despite the shuttering of the project, MUFG is still bullish with plans of its other digital strategies and is discussing further collaboration with Akamai.

    “MUFG is discussing further opportunities of collaboration with Akamai and seeking to drive momentum in open innovation through alliances with global business partners and by utilizing the latest technologies based on experience from the GO-NET project,” the lender added.

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  • Animoca Brands and Brinc Partner to Launch $30 Million Program

    Animoca Brands and Brinc Partner to Launch $30 Million Program

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    Animoca Brands announced today that the company has formed a collaboration with Brinc, a Hong Kong-based leader in global venture acceleration, to launch a $30 million program.

    Dubbed ‘Guild Accelerator Program’, the newly introduced program will facilitate the expansion of the global play-to-earn guild ecosystem. Moreover, it will provide funding of up to $500,000 per guild. According to Animoca Brands, the application for the program, led by Richard Robinson, is now open.

    Through the program, early-stage companies will be able to receive support from different mentors and experts, including Brendan Wong (the Founder of Avocado Guild), Saruboti Sasuke (the Head of Partnerships for YGG), and Howard Xu (Co-Founder of the Vietnam-based guild, Ancient8).

    Yat Siu, the Co-Founder and Executive Chairman of Animoca Brands, commented: “As the world enters a new era of work and play, the play-to-earn guilds space has enormous potential for growth. The management of digital assets in games and in the open metaverse represents a significant source of income for hundreds of millions of people. The future of work in the metaverse is being written today, and we are proud to foster the guilds that are driving the evolution of these new opportunities.”

    In December last year, the digital exchange, Binance established a partnership with Animoca Brands to set up a $200 million fund. Through the fund, the companies are facilitating blockchain gaming projects on BSC.

    Blockchain & Gaming

    Blockchain-based gaming platforms have gained immense traction in the past few months, thanks to the growing interest in Web3, Metaverse and crypto. Manav Gupta, the Founder, and CEO of Brinc, believes that the latest partnership will support promising communities.

    “Web3-enabled guilds provide an onramp for the future of earning in a way that Web2 and traditional industries never could. The technologies, principles and business models developed in gaming that have enabled true digital asset ownership and utilization (with aligned stakeholders) can be leveraged across all future areas of jobs and work,” Gupta said.

    Animoca Brands announced today that the company has formed a collaboration with Brinc, a Hong Kong-based leader in global venture acceleration, to launch a $30 million program.

    Dubbed ‘Guild Accelerator Program’, the newly introduced program will facilitate the expansion of the global play-to-earn guild ecosystem. Moreover, it will provide funding of up to $500,000 per guild. According to Animoca Brands, the application for the program, led by Richard Robinson, is now open.

    Through the program, early-stage companies will be able to receive support from different mentors and experts, including Brendan Wong (the Founder of Avocado Guild), Saruboti Sasuke (the Head of Partnerships for YGG), and Howard Xu (Co-Founder of the Vietnam-based guild, Ancient8).

    Yat Siu, the Co-Founder and Executive Chairman of Animoca Brands, commented: “As the world enters a new era of work and play, the play-to-earn guilds space has enormous potential for growth. The management of digital assets in games and in the open metaverse represents a significant source of income for hundreds of millions of people. The future of work in the metaverse is being written today, and we are proud to foster the guilds that are driving the evolution of these new opportunities.”

    In December last year, the digital exchange, Binance established a partnership with Animoca Brands to set up a $200 million fund. Through the fund, the companies are facilitating blockchain gaming projects on BSC.

    Blockchain & Gaming

    Blockchain-based gaming platforms have gained immense traction in the past few months, thanks to the growing interest in Web3, Metaverse and crypto. Manav Gupta, the Founder, and CEO of Brinc, believes that the latest partnership will support promising communities.

    “Web3-enabled guilds provide an onramp for the future of earning in a way that Web2 and traditional industries never could. The technologies, principles and business models developed in gaming that have enabled true digital asset ownership and utilization (with aligned stakeholders) can be leveraged across all future areas of jobs and work,” Gupta said.

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  • WTF token launch drains 58 ETH

    WTF token launch drains 58 ETH

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    Fees.wtf is a simple service that shows Ether (ETH) users their lifetime spend on Ethereum blockchain transactions by measuring gas. You plug in your wallet address on their website and they tell me how much gas you spent. 

    The project released their token, WTF, in an airdrop Friday at midnight. Essentially, users would be able to claim WTF tokens as well as a “Rekt” NFT for 0.01 ETH. The Rekt NFT grants lifetime access to the pro version of fees.wtf.

    According to their Discord announcement, the initial launch would offer 100 million of WTF and the “circulating supply will be the main attraction in the tokenomics.” However, it didn’t quite go to plan.

    Following a series of frantic trading behavior between bots in the opening hours of the airdrop, one bot ran off with a reported 58 ETH, or $180,000. On Etherscan, 58 ETH was drained from the wrapped ETH (WETH) to the WTF liquidity pool.

    Social media channels were quick to respond because many airdrop participants lamented losing thousands of dollars in ETH. The WTF team chimed in two hours after the airdrop to calm their ranks:

    “Immediately on launch there was only a tiny bit of liquidity and there were ape bots that were chucking in 100s of ETH into a pool with an ETH or two of liquidity. They also had high slippage and ended up being sandwiched by the other bots which essentially drained all their ETH.”

    Basically, within five minutes of the token launch, poor liquidity pool management from the WTF devs left the liquidity pool exposed. As there was low liquidity, bots were able to manipulate the price of WTF to then sell for WETH.

    The bots would battle it out till one winner would take home the pot. In effect, the bot stole from users who provided liquidity to the pool, trying to claim their WTF tokens and Rekt NFT. The victor managed to send an “ultra-fast transaction at 3,000 Gwei”, making a 6x return on their initial investment.

    The WTF team sent out another Discord update two hours after the airdrop, stating that “The core contracts are all fine, this was a war on Uniswap.” The team added, “We hope no one was affected by it.” However, as has become a common occurrence in airdrops of late, lots of users lost a lot of money.

    The price graph of the token since launch paints a thousand words. The initial spike shows the bot activity, swiftly followed by a 10x loss in value.

    The official WTF Discord group is brimming with users sharing stories of losing money. Some are “shaking” with rage while death threats and lawsuit claims are rife.

    One Etherscan transaction points to one user losing 42 ETH, or $135,000, for 0.000044170848308398 WTF, effectively $0.01.

    Related: Recounting 2021’s biggest DeFi hacking incidents

    As daylight dawns on the project, some Twitter users have called out the project as a Ponzi scheme. The referral element to the project is spurious. Referrers of the WTF project claim a 50% on fees “to make wtf go viral,” while the WTF team earns 4% from each transfer. In total, the WTF team claimed almost half a million in token transfer fees in a little over 8 hours.

    Twitter user Lefteris Karapetsas didn’t mince his words:

    The WTF project states merely that the supply of tokens is “deflationary”, and that 40 million WTF tokens will go to their treasury. There is not a great deal of detail regarding the token distribution. Meows.ETH concluded their Twitter thread with a zen approach to the controversial project launch: 

    “If you were fortunate enough to claim a big amount of $WTF and cash it out for a profit, be happy. Unless you’re attempting to bot the initial liquidity, don’t FOMO into buying a newly launched altcoin with high slippage.”