Altcoin News by Thebittimes.Com

Ta-da is a revolutionary To-Earn mobile application, where users create real value for AI and web3 companies with specific missions. It’s the first To-Earn hub, connecting companies with contributors to create and share value together. Introducing Ta-da: the First Sustainable “To-Earn” App! Ta-da is the first sustainable “To-Earn” platform. It uses blockchain technology with account abstraction and non-custodial wallet, to make sure every mission given by a company is transparently rewarded and secure, from start to finish. With +30 customers worldwide, +6M validated missions , and a token with already 30k holders and 60k transactions, the project led is led by a team of 20+ experts in AI and blockchain, including advisors such as Siri (Apple) founder Luc Julia, Morningstar Ventures founder Danilo S. Carlucci, and Hasheur, the largest crypto KOL in Europe. ...

Worldcoin is 994 million users away from its goal of onboarding one billion people by 2023 and will need to scan an estimated 2,734 people each day to hit this figure by 2026.   Worldcoin announced yesterday, July 10th, that it has verified 6 million users since its launch in July 2023. However, in October 2021, numerous outlets reported that Worldcoin had aimed to onboard one billion users by the end of 2023. It’s now July 2024. Semafor reported last April that Worldcoin was suffering an orb shortage and that it has between 300 and 500 orbs in use. Worldcoin was founded by OpenAI’s Sam Altman and is owned by Tools for Humanity. Image sourced from Semafor. Assuming it has 500 orbs in operation, Worldcoin would have to scan the eyes of 2,740 people per day to reach one billion users in two years . Taking into account the already onboarded 6 million users, 500 orbs would need to scan 2,734 people per day.  Worldcoin claims it has manufactured 2,0...

Gemini Earn users get $2.18 billion in digital assets back, which represents a 232% recovery. Users will receive 100% of their crypto back, with the initial distribution representing 97% of Earn users’ assets. Gemini has announced that its customers of its Gemini Earn program have received $2.18 billion worth of digital assets. The distribution is in kind and represents a 232% recovery for Earn users, Gemini co-founder and CEO Tyler Winklevoss and co-founder and President Cameron Winklevoss said in a news release. Gemini Earn users get $2.18 billion in digital assets Per Gemini ‘s announcement, the $2.18 billion distribution accounts for 97% of the digital assets owed to Gemini Earn’s users . The initial payout is $1 billion on more, or 232% recovery on users ’ digital assets following Genesis’s halting of withdrawals and bankruptcy. Commenting on the payment in kind, Gemini noted that a customer who deposited one bitcoin r...

Following the Nov. 22 exploit, KyberSwap has announced a treasury grant program for affected users, according to a Dec. 20 release on their blog. In relation to the KyberSwap Elastic incident that transpired from 22 November 2023, 10:54:09 PM UTC, resulting in the exploit ative swaps by the exploit er that drained approximately $48.8 million of users ’ funds from KyberSwap Elastic liquidity pools, we reiterate our unwavering… — Kyber Network (@KyberNetwork) December 1, 2023 According to a Dec. 1 post on X, the KyberSwap elastic incident resulted in exploitative swaps that drained approximately $48.8 million of users’ funds from liquidity pools. At the time, the network behind the flagship product, KyberSwap, reaffirmed its commitment to collaborate with law enforcement and cybersecurity to identify the exploiter and recover users’ funds.  As part of their plan, KyberSwap shared their intention to provide grants to affected users, matching the USD value of the funds los...

On December 14 – Binance, the blockchain ecosystem powering the world’s largest crypto exchange by trading volume, unveiled insights into its users ’ primary crypto applications today.  As part of its campaign, “Crypto is better with Binance,” and the initiative to showcase practical crypto applications globally, Binance surveyed to gain deeper insights into users’ motivations and the purposes behind utilizing digital assets. From a sample of over 1,000 participants, the survey revealed that almost half (45%) identified earning additional income as their main reason for using crypto. Saving money ranked second at 19%, with 9% mentioning using crypto to counteract inflation. Additionally, 36% of respondents highlighted that their primary motivation for using crypto for savings was to achieve financial security and independence. User experience Aman, featured in Binance’s content series, shares how escalating inflation in his Asian country height...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto users exploring staking are also looking at Galaxy Fox, a meme coin, whose presale has raised over $400K.  In this article, we will delve into the details of staking and explain why Galaxy Fox could be a noteworthy option in the crypto space. Status of Galaxy Fox presale Galaxy Fox, a new play-to-earn blockchain gaming platform with meme coin elements, has raised over $400K in the ongoing presale after selling 645 million GFOX. The project incorporates deflationary tokenomics and aims to capitalize on the growth of GameFi. Galaxy Fox offers a multiplayer Fox Runner game for earning token rewards and NFT collectibles. You might also like: Holders of Dogecoin’s rival, Galaxy Fox, are bullish Holders can also stake their GFOX governance tokens to earn yields from platform fees and taxes. Of these, 2% o...

The Australia n Securities and Investments Commission (ASIC) has issued a press release detailing $13.1 million in payments to users of Binance Australia Derivatives (also known as Oztures Trading Pty Ltd) for rule-breaking related to the misclassification of users as wholesale instead of retail.  Binance Australia Derivatives failed to provide retail clients with legally required protections and, as such, has had to compensate users for ‘net trading losses and fees.’ Binance Australia Derivatives canceled its Australian Financial Services License in April of this year. This cancellation came after ASIC started a “targeted review of Binance’s financial services business in Australia” and after “ASIC issued a notice of hearing.”  Binance Australia raided by regulator just weeks after Europe HQ raid Read more: FTX Australia license revoked nine months after implosion After it chose to cancel this license, there were subsequent raids on...

Alleged reports of compromised emails began appearing as early as October. "Not handled well," was how one user described the revelations brought forth by Cointelegraph on Dec. 14 with regards to a leak of 5.7 million Gemini customers' email addresses and partial phone numbers. Shortly after publication, multiple users reached out to Cointelegraph, alleging that the leak, which Gemini attributes to a "third-party incident," happened much earlier than first expected.  Mysterious reports of users receiving targeted phishing email s began surfacing on the official r/ Gemini Subreddit in the weeks prior. In one thread dating back to November, user DaveJonesBones claimed that he received a targeted phishing email from an address that was only registered on Gemini: "It promoted a Cyberbroker NFT drop using Opensea branding. I think I also received one last month, but I deleted it without reading it. Today, I got the hump because I'd specifically opted-out...

The team stated on Twitter that deposits would be disabled “shortly” and withdrawals within 30 days. The developers of bridging platform Ren protocol have warned users to unwrap their tokens and bridge them back to their native chains “ASAP,” or risk losing them, according to a Twitter thread from the team. 1) Important notice ️ As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda As compatibility between Ren 1.0 and 2.0 cannot be guaranteed, holders of Ren assets should bridge back to native chains ASAP, or risk losing them! https://t.co/20vpGBc8W0 — Ren (@renprotocol) December 7, 2022 The team stated that mints on Ren will be disabled “shortly,” meaning that it will be impossible to deposit any assets onto the platform to bridge to other networks. In 30 days, “burns” or withdrawals will also be disabled. The company behind the project, RenVM, had previously stated on Nov. 18 that they would be releasing a new version of the pro...