Thursday, June 30, 2022

Blockchain Intelligence Group launches NFT Explorer built on QLUE analytics

Blockchain Intelligence Group, the cryptocurrency compliance and intelligence company, owned by BIGG Digital Assets, today announced the launch of NFT Explorer, the first risk and investigation solution for NFTs, built on the QLUE data analytics platform.

Development of the new NFT Explorer core capabilities relied on client feedback and work with expert collaborators across financial, tech, and law enforcement sectors. One such collaborator was Detective Tony Moore of the Los Angeles County Sheriff’s Department.

“In just a short time, I’ve handled multiple smart contract compromises and NFTs thefts and investigations, which are now quickly becoming the norm. To date, there was no graphical analytics tool that could help trace an NFT case from point of theft to the subsequent sale and liquidation of proceeds all on one graph. With true NFT (ERC-721) tracing, Blockchain Intelligence Group solves that problem.”
– Tony Moore, Detective, Los Angeles County Sheriff’s Department

Core capabilities include:

  • Comprehensive token tracking on the ERC-721 standard, including market cap and 24-hour volume
  • Explorer function for ERC-721, displaying NFTs by collection, along with lists of token traits, including name, image, token owner, and associated transactions
  • Ability to perform investigations that include NFT transfers

Additional blockchains that support NFTs are slated for integration.

Another collaborator was Rug Pull Finder, which protects members of the NFT community by providing up-to-date information on projects, NFT safety, and education.

Despite the falling crypto prices, the NFT market is expected to grow by at least 33% year over year and is forecasted to reach approximately $80 billion in net sales volume by 2025.

That prediction increases to nearly $350 billion by 2030. What’s more, use cases are increasing in tandem – there is great potential in real estate, art, collectibles, sports, loyalty programs, and more. With this growth and expansion comes increased vulnerability and risk for investors.

One of the challenges to successful risk analysis and investigation has been the privacy of the blockchain. This is less so the case with NFTs since they are fundamentally unique.

By deploying the new NFT Explorer tool, users can track the ownership related to projects, providing increased investigative and analytical capabilities to investigators and financial institutions to make data-informed decisions about NFT projects.

“With the increasing number of scams and hacks impacting the adoption of NFTs, it’s critical that blockchain investigators, as well as traditional financial institutions, can track them effectively to mitigate risk. We’re proud to be the first blockchain analytics company to provide a solution specifically created to track NFTs and support further adoption.”
– Lance Morginn, President of Blockchain Intelligence Group

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* This article was originally published here

Sunday, June 19, 2022

Celer cBridge launches xAsset V2 for omnidirectional cross-chain transfers on bridged tokens

Celer, the blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains, announced today that a new version (V2) of xAsset has been released on cBridge.

Tokens bridged in V2 can be transferred not only between one source chain and one of the multiple supported destination chains but can now move freely between any two supported chains without the prerequisite of pre-minted liquidity or any liquidity routing.

The cBridge xAsset model serves the purpose of bridging a token from its origin chain to a new chain where the token doesn’t yet exist. Different from xLiquidity – a cBridge liquidity-pool-based bridging model, xAsset locks a token on the origin chain and mints a replica of the token on the destination chain.

V1 vs. V2

  1. xAsset V1 allows tokens to be transferred between a source chain and one of the many supported destination chains in the lock-and-mint model. However, to enable bridging between the destination chains for the same asset, liquidity pools need to be created, which lead to counterparty risks for liquidity providers and lower liquidity utilization efficiency in cross-chain transfers.
  2. In new xAsset V2, Celer removed the necessity of liquidity provision. As long as the xAsset is created by cBridge, a burn-and-mint model will be employed between the destination chains to support omnidirectional bridging. This enables 100% liquidity utilization while providing a direct cross-chain UX.

“Celer cBridge has seen tremendous growth since launch, all of which is built on top of the continuous optimizations and innovations in our design. Our models have been upgraded and expanded in fast iterations from an HTLC node-run liquidity bridge, to incorporate a liquidity-pool-based design, the xAsset v1, and the most recent upgrade to xAsset v2. Users and token projects can elect to use any bridging method of their choice based on their design preferences and current deployment status.”
– The Celer Network Team

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* This article was originally published here

Sunday, June 12, 2022

Polygon-built prediction market protocol SX Network integrates Celer cBridge

SX Network, a prediction market protocol built on Polygon, today announced the implementation of the Celer cBridge on SX Network. Users can now bridge tokens into SX Network through cBridge.

Celer enables the seamless bridging of assets between EVM-compatible blockchains and ERC-20 tokens. Users will be able to bridge USDC, WETH, DAI, USDT, WBTC, and more via the cBridge between Ethereum and SX Network quickly, securely, and with low transaction costs.

Users can also now bridge MATIC and WMATIC between Polygon and SX Network.

The first stage of this integration will incorporate the mint and burn bridge model. The Celer liquidity pool model, which includes full Polygon token bridging, will be rolled out in a future release once a proposal is passed through the Celer Network governance process.

This integration is the first step in the shared aligned vision of the two teams… “as SX Network, the first Polygon Edge Network, is poised to scale its ecosystem in becoming a key platform for prediction markets, DeFi and NFT applications, and we’re delighted to seamlessly connect SX Network and its burgeoning ecosystem to the greater blockchain community,” said Dr. Mo Dong, Celer’s Co-Founder.

The post Polygon-built prediction market protocol SX Network integrates Celer cBridge appeared first on CryptoNinjas.



* This article was originally published here

Saturday, June 11, 2022

Crypto derivatives platform BitCoke raises $20M USD led by Huobi

BitCoke, a crypto spot & derivatives exchange, on May 12th confirmed that it successfully raised $20 million in a strategic private round in early 2022.

The funds will be primarily used by the centralized exchange to design and develop key features connecting CEX with decentralized exchange (DEX) features.

According to BitCoke’s official blog, the financing deal was reached with a group of investors led by Huobi Exchange, and also included others, such as RedLine DAO, Krypital, LD Capital, AKG, VRM, Mint, WeBlock, 7 Clock, HTR, NFTGO, LTP, Scorpio, Eureka, Hotbit, JL Capital, Pento.

“As BitCoke continues to adapt to the paradigm shift in crypto trading, this institutional investment will accelerate the development of the exchange and the promotion of BitCoke native token, as well as help us explore the merging between CEX and DEX exchanges.”  
– Pietro Riccio, CEO of BitCoke Exchange

Charles, head of Huobi investment arm, stated, “BitCoke is a dedicated exchange that focuses on the derivatives market, and is known for its professional products and friendly user experience. Huobi believes BitCoke is a trusted reliable partner for collaboration.”

BitCoke is regarded as the world’s first Quanto swap crypto exchange, with trader-centric features, i.e. fair matching, fast execution, and low fees.

Its original products, like the Quanto swap, proprietary chart, and fund management system, make the exchange popular among traders, funds, and asset management firms. BitCoke has long ranked in the top 10 by volume at the CoinMarketCap derivative marketplace.

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* This article was originally published here

Thursday, June 9, 2022

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Animoca Brands, the company advancing digital property rights for gaming and the metaverse, and its subsidiary The Sandbox, a leading decentralized virtual world, today announced the listing of SAND on Coincheck, the largest crypto trading exchange in Japan.

Coincheck users can now access SAND on Coincheck in the markets of SAND/JPY and SAND/BTC.

SAND is the utility token and in-game currency of The Sandbox. With the listing today, Coincheck becomes the first Japanese crypto exchange to support SAND.

Listing on Coincheck is part of The Sandbox’s plan to make the SAND token easily accessible to growing numbers of players around the world in order to boost the continued growth of its open metaverse.

“By adding SAND to its listed tokens, Coincheck continues to expand the range of crypto assets it handles as it seeks to improve the usability of its services and create new services in order to achieve its mission of making new value exchange more accessible.”
– The Coincheck Team

Issued as an ERC-20 token on Ethereum, SAND is distributed within The Sandbox metaverse game world.

SAND facilitates users to participate in the game and purchase items while controlling their avatars. Further, SAND will act as a governance token for participation in future game operations of The Sandbox.

The post Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse appeared first on CryptoNinjas.



* This article was originally published here

Monday, June 6, 2022

TRON network integrated with blockchain infrastructure provider Ankr

TRON, one of the largest and most popular blockchain ecosystems, has announced that Ankr, a web3 infrastructure platform servicing over 50 blockchains is its new Remote Procedure Call (RPC) partner. TRON’s public and premium RPCs can now be accessed on Ankr to create request calls and receive information returns that mirror the results developers get by running a TRON full node.

TRON + Ankr

With integration, Ankr will provide a geo-distributed and decentralized TRON RPC, comprised of many independent blockchain nodes running worldwide for low-latency and reliable connections.

Ankr’s TRON RPCs connect with wallets, command-line interfaces, or dApps with the TRON blockchain. They act as a messenger or blockchain router that relays on-chain information between nodes, dApps, and ultimately end-users.

TRON RPC endpoints are a gateway for developers to interface directly with the TRON chain – a portal to communicate efficiently, remotely, and without going through the DevOps of establishing TRON nodes.

This partnership also solves some of the issues developers have been encountering, including:

  • Eliminates complex node ops – The Ankr public RPC will remove the need for many developers to set up their TRON node, eliminating hours spent building, calibrating, and fixing node issues.
  • Grants access to advanced tools – Ankr’s premium version instantly grants access to the best tools to build applications quickly, including unlimited TRON requests, global node distribution, dedicated TRON endpoints, prioritized requests, developer API, and WebSockets (WS) capabilities.
  • Powers apps and open-source software that need access to TRON – Connect with a cluster of high-performance nodes that holds the information needed to build and operate dApps with TRON chain capabilities.
  • Supports the TRON network – Ankr will strengthen the TRON network globally by offering easier development and a broader, decentralized node infrastructure. In addition, Ankr will incentivize independent and enterprise node operators to add their nodes to the load balancer in return for ANKR tokens, adding additional TRON nodes to strengthen the network.

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* This article was originally published here

Saturday, June 4, 2022

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

Merkle Science, a predictive crypto risk and intelligence platform, announced it has now extended support to over 1,2000 ERC-20 tokens. This additional coverage allows users to have better visibility over a substantial portion of the DeFi space, allowing them to monitor flows of funds across some of the most popular DeFi tokens and stablecoins.

Some of the tokens added included 1inch (1INCH), BitBase (BTBS), Bean Protocol (BEAN), Compound USD Coin (CUSDC), DeFIRE (CWAP), DeFinity (DEFX), Huobi BTC (HBTC), NFTrade (NFTD), Unify (NIF), Orion Protocol (ORN), Wrapped BTC (WBTC), Compound Dai (CDAI), Solidity (SOLIDITYLABS), Baby Shiba (BABYSHIB), Badger DAO (BADGER),  DAO Maker (DAO),  Cream (CREAM),  MoonSwap (MOON), Wrapped Ether (WETH), DeFi Chain (DFI), with the full list to be found here.

“Parallel to the growth in the DeFi sector, fraudulent activities also continue to increase — both in volume and complexity. In 2021, the amount of crypto stolen through DeFi platforms totaled $2.2 billion, a 1,300% increase from 2020’s amount. To this end, Merkle Science is accelerating product development and the addition of host DeFi tokens and stablecoins to our predictive crypto risk and intelligence platform. This will empower users to observe transactional activity and addresses that are likely linked to previously-undetected criminal activity. Our rapidly-expanding universe of covered digital assets provides us with broader data sets that improve our capacity to monitor transactional activities.”
– The Merkle Science Team

Merkle Science offers a suite of blockchain transaction monitoring solutions, click here to learn more.

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* This article was originally published here

Friday, June 3, 2022

Kiln completes $5 million funding round to grow blockchain staking platform

Kiln, an enterprise-grade staking platform, today announced the completion of a $5 million funding round. The funding round included Third Kind Managing Partner and Andreessen Horowitz board partner Shana Fisher, SV Angel, Blue Yard, Alven, and Kima Ventures.

The Kiln team will use the funds to bring on new talent, enhance its technology and build out its service, which enables fintech, crypto companies, and financial institutions to offer 1-click staking of crypto assets to their customers or to stake their own crypto-assets directly with Kiln.

Laszlo Szabo, CEO of Kiln

“We believe staking is the most natural yield in crypto, and we enable businesses to stake directly, or to white-label staking functionality into their products. Staking is a core primitive of this new world: by enabling asset owners to use their stake to secure the network and earn a yield doing so, staking preserves decentralization and provides returns. It is the Internet bond.”
– Kiln Co-Founder & CEO, Laszlo Szabo

Kiln’s staking-as-a-service product, can be offered directly to institutional customers, or as a staking button for companies to integrate staking services into their business. Both come with integrations with all major wallets and custodians, automated rewards management, and a comprehensive monitoring solution, available through a dashboard or an API.

Currently, Kiln supports the staking of Ethereum, Solana, Tezos, NEAR, Terra, and Cosmos, with many more blockchains in the pipeline.

Among cryptocurrencies, Solana, Terra, and Cardano are among the largest cryptocurrencies using proof of stake, with Ethereum in the process of transitioning to proof of stake. Ether is second only to Bitcoin in market capitalization. The market cap of the top 35 proof of stake assets is over $500B.

Proof-of-stake is an alternative way to validate blocks on blockchains, where validators put a given token amount as collateral to gain the right to validate blocks and collect rewards. Since there are no miners expending energy to solve a cryptographical problem as is the case in proof of work, proof-of-stake is an efficient and climate-friendly way to preserve decentralization.

Based in Paris, Kiln focuses on B2B in Europe. Kiln’s founding team includes Laszlo Szabo, previously the co-founder of tech recruitment firm Skill Hunter; Ernest Oppetit, a former product manager at Improbable and Qubit; and Thomas de Phuoc, who was previously the Country Lead for France at Circle.

The post Kiln completes $5 million funding round to grow blockchain staking platform appeared first on CryptoNinjas.



* This article was originally published here

Thursday, June 2, 2022

Jewel chooses ERC-3643 and Tokeny platform to issue stablecoins on Polygon

Jewel, a Bermuda-based digital asset banking platform, announced today a partnership with Tokeny, a blockchain-asset compliance infrastructure provider.

Through the partnership, Jewel will power real-time settlement for digital asset institutions via its own bank-issued USD stablecoin on the Polygon, the popular blockchain development platform, offering scalable and sustainable Web3 infrastructure.

Recently, Jewel applied for a combined full-service bank and digital-asset license in Bermuda and seeks to offer a range of services to institutional clients including payments, banking, custody, and lending.

Longer-term, Jewel aims to offer a stablecoin-as-a-service solution to other digital asset and financial institutions B2B, allowing those businesses to provide cheaper, easier, and near real-time payments with stablecoins issued and redeemable directly at the bank level via Jewel.

Jewel’s stablecoin, Jewel USD (JUSD) will eliminate the need for reconciliation and enable instant payments and transfers to members of its settlement network, “Jewel Settle”.

“Our proposed banking license will allow us to service global firms from Bermuda as we issue fiat-backed stablecoins, first with USD and then a growing number of other proposed single fiat currency stablecoins globally. Through our partnership with Tokeny, we’re able to ensure compliant stablecoin issuance and management in a scalable and easy-to-integrate manner.”
– Chancellor Barnett, Jewel Founder & Chairman

Jewel has chosen Tokeny, the leader in the tokenization field, as its technology partner to assist them with the issuance, transfer, and management of fiat-backed stablecoins on the Polygon Network.

Through Tokeny’s API-based solutions, Jewel can issue ERC-3643 permissioned tokens, ensuring the necessary controls and compliance that are required by regulators.

“We are pleased to provide our partner Jewel with a tailored technology solution, so they can focus on their core businesses without having to worry about technology. Together, we can transform the global payment system and accelerate the growth of the digital asset ecosystem.”
– Luc Falempin, CEO at Tokeny

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* This article was originally published here

Wednesday, June 1, 2022

Blockchain infrastructure platform QuickNode acquires NFT analytics provider icy.tools

QuickNode, a blockchain infrastructure platform supporting over 10 chains announced today, that to better serve its NFT customers, QuickNode has acquired icy.tools, a popular NFT analytics platform with a newly launched NFT API for developers.

This acquisition will provide icy.tools with resources to accelerate their roadmap and vision and create the most reliable NFT API.

The icy.tools team built a powerful analytics platform to help NFT enthusiasts, collectors, developers, and traders analyze and gather vital insights about the NFT market. Since its launch in the summer of 2021, icy.tools’ have experienced solid growth.

“At the start of Icy, we had to build our own NFT infrastructure to power our product. The more we built, the more we understood the barriers that existed for other developers and launched our NFT API. Coming off our first call with the QuickNode founders, we were thrilled with how closely our long term vision and culture aligned. Our whole team is very excited to join the QuickNode team!”
– Blake Owens, Co-Founder of icy.tools

After the acquisition, icy.tools will continue operating independently as a stand-alone product and brand, and for all icy.tools enthusiasts, the icy.tools platform will not change and will be ready to provide all strategic NFT insights.

In the next few months, icy.tools NFT API will be accessible on QuickNode, bringing together QuickNode’s chain support and speed with icy.tool’s price, collection, and transaction history data.

“Over the past two years, we’ve helped numerous customers like OpenSea, Twitter, Adobe, Rarible and G2 ESports build successful businesses around NFTs, and we’ve come to see the NFT market as one of the most promising verticals in blockchain technology.”
– The QuickNode Team

The post Blockchain infrastructure platform QuickNode acquires NFT analytics provider icy.tools appeared first on CryptoNinjas.



* This article was originally published here

Dogecoin Flaw Exploited, Hacker Crashes 69% of Active Nodes

On December 12, 2024, the Dogecoin network was exploited when an “ethical” hacker uncovered a critical flaw. This exploit brought down a sta...