Official: Nano Wallet Experiences Multiple Security Scares 897

Nano, the cryptocurrency focused on instant and feeless transactions, has had a recurring problem with unexpected technical errors. The recent release of the official Nano wallet was no exception, as developers found a bug that threatened the security of user’s funds.

Nano Team: “IMMEDIATELY MOVE YOUR FUNDS TO ANOTHER WALLET”

June 21st came with the release of the long-awaited Nano wallet, with prices rising by over 10% within 24 hours. The Nano wallet quickly skyrocketed to the front pages of app stores, with the app achieving the ‘trending’ status on the Google Play store. The Android wallet quickly garnered over 10,000 downloads, with users expecting similar numbers on other platforms.

However, just five hours after the official announcement, developers found a security flaw in the code of the Android version of the wallet. The Nano team took to Twitter, issuing a vital message to let users know about the issue.

*ATTENTION* ANYONE WHO GENERATED A SEED USING THE ANDROID WALLET, IMMEDIATELY MOVE YOUR FUNDS TO ANOTHER WALLET DERIVED FROM A DIFFERENT SEED. *ATTENTION*

— Nano (@nano) June 21, 2018

The Nano team made it clear that the bug only affected the Android wallet, advising users to move funds stored on their Android device to a secure wallet. The original version of the wallet had issues generating unique and truly random seeds, with the Nano team calling the specific problem “Wallet Seed Migration.”

Troy Retzer, chief of communications at Nano, reassured users in a Reddit post, affirming:

“Please still move funds off the android wallet. (An) Update is coming that will force users to change seeds using correct cryptography.”

By the next morning, the team had fixed the problem, issuing an update to the Google Play store. Despite the quick patch efforts, developers found another bug in the updated version, issuing a tweet yesterday morning.

The tweet stated:

“Work On Android is temporarily disabled while we fix a bug.”

Users attributed the word “work” to the proof-of-work (POW) system which Nano uses to compute blocks. For those who are unaware, Nano transactions are ‘mined’ by the wallet user, as small amounts of computing power become allocated to the wallet. This means that this “temporary” pause on the wallet’s work system forcefully shutdown any outgoing transactions made on Android devices.

Although details are scarce on how the team is addressing the issue, it can be assumed that they are doing everything in their power to reverse these issues.

2018: Has It Been A Rough Year For Nano?

Nano hasn’t had the best time over the past few months, with the $195 million BitGrail hack becoming a major headline all across the crypto industry. At the time BitGrail was one of the only exchanges supporting Nano, despite the cryptocurrency temporarily achieving the elusive ‘top 20’ on CoinMarketCap.

Due to the fact that there was essential only one Nano exchange, a single hacker, or hacker team, managed to steal large amounts of the cryptocurrency from a single source. As the cryptocurrency market quickly developed, users quickly pushed the hack to the back of their minds.

However, Nano users have still experienced issues with exchanges, acknowledging that there were severe withdrawal issues on Binance. Over the course of the past 3 months, users reported that Binance’s Nano withdrawals were often non-responsive. Some community members chalked up these issues to updates in Nano’s code. Binance has since reopened Nano withdrawals, with many Nano traders it stays this way. 

Although the first 6 months have not been all too promising for the cryptocurrency project, many hope for the success of this fee-less, near instant, and easy-to-use cryptocurrency.

Previous ArticleNext Article

Meet TON-Margined trading at Storm Trade 3273

Storm Trade is the first decentralised derivatives trading platform on Telegram, built on the TON blockchain and allowing trading with leverage up to x50. Keeping up with the times and providing all the best technologies to its users, Storm is releasing a major update – TON-Margin, which will change the way you trade!

What is TON-Margin?

Many perpetual platforms, including Storm Trade, typically trade in stablecoins. However, TON-Margin opens the door to trading using TON as collateral. This gives traders more flexibility, variety and the ability to profit from even small price changes. And of course it brings the TON blockchain closer to true mass-adoption.

Since January 2024, 2 trading pairs to TON have been available on Storm Trade: TON/USD-CM and 1mNOT-F/TON, which showed great popularity among the exchange’s traders. Today, 10 trading pairs to TON are available on Storm Trade, and TON/USD-CM remains the most popular of them.

TON-M provides new opportunities, combining both risks and benefits. The main advantages of futures with TON to provide are:

  • Choice of asset to trade and expanded trading opportunities,
  • The ability to trade without selling TON for stablecoins,
  • Non-linear payout structure and increased profits even on small price movements,
  • Hedging of risk even in a falling market.

The main disadvantage of futures with TON in collateral is the rapid reduction of collateral when volatility is high.

The emergence of TON as collateral and the opening of new trading pairs is a great event for the entire TON ecosystem because it opens up almost limitless earning opportunities for holders, stakers and TON traders.

TON-Margined futures are an excellent tool for increasing trading income, protecting against losses in a falling market and diversifying your trading strategies. Trading only TON, on the TON blockchain, and using TON as a commission payment, on par with listing Notcoin on major exchanges, makes TON fully ready for the wave of new users that should inevitably happen in the near future.

Don’t forget about risk management, trade with an amount of funds that is convenient for you, learn new things and expand your trading experience with Storm Trade!

Fluid Tokens Launch First Dex for Runes 3552

FluidTokens is proud to pioneer the first decentralized exchange (DEX) tailored specifically for Runes.

FluidTokens, a Swiss-based company, is at the forefront of transforming traditional finance through permissionless DeFi solutions. With a focus on UTXO blockchains like Bitcoin and Cardano, FluidTokens offers a diverse range of innovative financial services that empower users to leverage their assets securely and transparently.

The Runes Protocol, conceived by Casey Rodarmor, the visionary behind Ordinals, represents a significant leap forward in the Bitcoin ecosystem. Runes made their market debut on April 20, coinciding with the Bitcoin halving. The launch sparked a frenzy among investors, leading to a surge in transaction fees and record-breaking earnings for Bitcoin miners, surpassing $107 million in costs within the first week alone.

The Runes Protocol allows users to create and trade meme coins on the Bitcoin blockchain, offering alternatives to both Ordinals and the BRC-20 protocol.

FluidTokens’ DEX for Runes opens up new avenues for liquidity and trading within the Runes ecosystem, fostering a dynamic environment for investors and enthusiasts alike. By bridging the gap between traditional finance and the burgeoning world of DeFi, FluidTokens continues to lead the charge towards a more inclusive and accessible financial future.

As the leading ecosystem on both the Bitcoin and Cardano blockchains, FluidTokens is dedicated to meeting the evolving needs of the crypto community. Our platform offers a trustless and secure environment for users to access a wide array of non-custodial DeFi services, driven by community feedback and commitment to innovation.

“We’re proud to announce that we have created the first 100% permissionless lending protocol that supports Runes and Ordinals along with all the major BTC wallets. The lending protocol doesn’t need any centralised entity or layer 2 to function, thanks to our innovative BitWeave technology. We are currently working on several additional DeFi services that will run directly on Bitcoin Layer. We pride ourselves on usability of what we create and this DEX is proof of that. We’re basically giving you the experience of a Web2 exchange but permissionless,” says Matteo Coppola, CEO and Co-Founder of Fluid Tokens.

About FluidTokens

FluidTokens is the current leading ecosystem on Bitcoin and Cardano blockchains that leverages your assets to offer a world of innovative financial services. This open, trustless and secure ecosystem offers different non-custodial DeFi services for any crypto user, created following the community needs and feedback. FluidTokens is community-centric, prioritising a great user experience – listening to the community suggestions – and allowing everyone to be an active member. As the protocols are non-custodial, any user can be both a liquidity provider and a borrower! The official FluidDAO has been legally established in Switzerland, and the $FLDT token is live on MEXC and Minswap.

For more visit: https://fluidtokens.com/

Aleph Zero Launches Alephoria: Exciting Airdrops, Tournaments, and Rewards Await Users 3926

Alephoria invites web3 users to the Aleph Zero ecosystem with an interactive initiative of campaigns as projects launch

Aleph Zero–the privacy-oriented layer 1 blockchain–is gearing up for a surge of new users with its Alephoria campaign. Newcomers can look forward to airdrops and other promotional activities as they join the expanding ecosystem.

Dozens of teams are actively developing groundbreaking solutions on Aleph Zero, spanning DeFi, web3 identity, liquid staking, RWA tokenization, content creation, and gaming, among other areas. At the heart of this innovation is Aleph Zero–a blazingly-fast blockchain that enables all these advancements through its modular and compliant approach to ZK privacy.

The network offers instant transaction finally with subsecond speeds, powered by AlephBFT, its proprietary consensus mechanism that integrates Directed Acyclic Graph (DAG) technology with Proof of Stake. Moreover, its data confidentiality engine skillfully balances transparency with data protection, aligning with AML/CFT regulations. These fundamental features make Aleph Zero an attractive platform for users, developers, enterprises and regulators worldwide.

Adding new utility to AZERO, the native coin

AZERO, the native coin of the Aleph Zero ecosystem, facilitates leading web3 developers in crafting new products and generating sustainable value, and unlocks a world of benefits for its holders through unique campaigns and rewards.

Staking AZERO offers users the opportunity to earn rewards directly in AZERO coins for participating in the network. For a quick start to staking, users can refer to the concise guide available now.

Additionally, AZERO serves as users’ gateway to Alephoria, offering them the chance to participate in significant ecosystem-wide airdrop campaigns from various projects.

Common Drops–the first major airdrop campaign

Launching alongside Common AMM—the first mainnet release from Aleph Zero’s DeFi platform, Common—the Common Staking Drops campaign is set to begin on May 21st. Common AMM, a Uniswap-like decentralized exchange, offers a user-friendly trading experience, built-in bridging between Aleph Zero and Ethereum, and incentives for users.

The campaign will reward participants who are active in staking, both before and throughout the duration of the campaign, with the rewards increasing the longer one participates, based on the daily average of their stake during each round.

Simultaneously, Common LP Drops will start rewarding users engaged in liquidity farming. These Drops are non-transferable initially but will be redeemable for CMN—the platform’s token—once it launches, aligning with Common’s vision of enhancing trading efficiency and confidentiality across its multi-chain DeFi suite.

Experience Alephoria

The ecosystem is rapidly expanding–and Alephoria is your key to getting the most out of it. A flurry of fresh Alephoria campaigns are either active–or lining up to launch in the near future. These include:

  • DRKVRS–a Web3 multiplayer action RPG game with innovative mechanics, set in a dystopian and brutalist world. Users ca sign up for their presale whitelist at TRANSRAAD DAO.
  • Abax–a unique fair lending protocol. The Stakedrop where stakers have already reserved $4M ABAX–or 20% of the tokens allocated for the first phase of the public contribution is in the last stages.
  • Upcade–a web3 gaming hub powered by AZERO. Users can participate in the Block Spector Tournament–an FPP game tournament with 70,000 AZERO rewards pool.
  • Kintsu–a liquid staking protocol. The Testnet implementation is already live while the OG roles can be already obtained by early users, leading to potential airdrops.
  • The Aleph Zero x Galxe Takeover–Users are invited to know the Aleph Zero ecosystem through on-chain questing and potentially win additional rewards.
  • The Commoners–Users can get a unique NFT from The Commoners collection for AZERO holders.

Go to alephoria.com to learn more about the initiatives!

About Aleph Zero

Aleph Zero is a layer 1 blockchain engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via ZKP and MPC, and offers a comprehensive toolset for WASM-based web3 development in Rust. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero programs.

ShibaSwap Comes Home: Decentralized Exchange ShibaSwap Ports to Shibarium, Unleashing the Power of Community 4277

SHIB, a world-leading ecosystem of decentralized finance (DeFi) cryptocurrencies that has gained popularity among millions of holders worldwide, today announced that it has ported its decentralized exchange ShibaSwap to the Shibarium blockchain. The DEX will now be usable on both Ethereum and Shibarium. The move is the defining upgrade for ShibaSwap, empowering creators, fostering connections, and driving innovation on Shibarium.

ShibaSwap, powered by Shibarium, will offer a variety of new decentralized exchange and decentralized app (Dapp) utilities, including:

  • A brand new and enhanced dashboard and improved user processes (add/withdraw liquidity, staking, trend analysis, and more)
  • Discovery charts for new and trending tokens to help traders navigate the market’s volatility and craziness
  • The onboarding of new tokens onto ShibaSwap

The community is encouraged to leverage ShibaSwap on Shibarium. Part of the transaction fees portion will be utilized to enhance the value of the LPs used in the swap transaction. This results in an increase in the value of the LP tokens for users, ultimately benefiting the community of yield farmers as a whole.

“The new ShibaSwap empowers DEFI innovators looking for the next hit on Shibarium to find, swap, and interact with community tokens in an entirely new way! It is the redesigned beating heart of a freshly forked Shibarium, where community tokens can flourish. We invite the community to try our new swap and invite current Shibarium tokens to port over to our swap with ease. Finally, rest assured, this new UX is still an early Shibaswap version, with more updates in the pipeline for the product,” said Shiba Inu Lead Developer known as Shytoshi Kusama.

Focusing on facilitating high-speed transactions with minimal gas fees and transforming the user experience in the blockchain space, Shibarium is built on the community-first and environment-friendly consensus mechanism. Anyone can build cost-effective protocols on Shibarium, expanding the reach and potential of the ecosystem while enriching the overall user experience. Shibarium also supports the other growing segments of the Shiba Inu Ecosystem, including the $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game.

About SHIB

SHIB is a world-leading ecosystem of decentralized finance (DeFi) cryptocurrencies that has gained popularity among millions of holders worldwide. It has 3.9 million X (formerly Twitter) followers and is frequently ranked as the second-most searched crypto project by Google. Its ecosystem of tokens include $SHIB, $LEASH, and $BONE, plus native SHIBOSHIs and SHEboshi NFTs. SHIB.io utilizes the Shib Ecosystem to power quality technologies including SHIB:The Metaverse and Shibarium, the Layer 2 blockchain providing a solid foundation, scalability, security, and innovation for a decentralized world.

To learn more about SHIB, please visit the official website: https://www.shib.io.

Anchorage Digital Adds Support for Native DYDX Staking 4773

Institutional crypto platform Anchorage Digital has announced support for native DYDX staking. Now, institutions can stake DYDX from safe and secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USDC.

As home to the only federally chartered digital asset bank, Anchorage Digital provides crypto custody, staking, and other services for some of the top names in traditional and decentralized finance. As the partner of choice for crypto innovators, Anchorage Digital has supported ethDYDX custody since mainnet launch in August 2021 and native DYDX custody since the launch of the dYdX Chain in Q4 last year. The expansion into staking support marks a major step forward in advancing safe and secure institutional participation in the dYdX ecosystem.

“For many institutions, custody is just the start. Increasingly, institutions want to engage in staking, earn rewards, and contribute to the long-term scaling of innovative networks like dYdX. By adding staking support for its native token, DYDX, Anchorage Digital is proud to help unlock a new era of institutional participation in the dYdX ecosystem.” — Nathan McCauley, CEO and Co-Founder of Anchorage Digital

Anchorage Digital supports hundreds of top assets, which are selected on the basis of institutional demand and must meet rigorous quality and safety standards. Clients can easily stake DYDX to earn staking rewards, with both the underlying assets (DYDX tokens) and staking rewards (USDC tokens) held in safe and secure custody on the Anchorage Digital platform.

“Anchorage Digital’s integration of native DYDX staking initiates a new era of institutional engagement with dYdX. Staking involves more than just the accumulation of USDC rewards; it is a proactive effort to enhance the growth and sustainability of the dYdX ecosystem. This collaboration provides best in class custody solutions and boosts the attractiveness of the protocol.” — Charles d’Haussy, CEO of dYdX Foundation

The dYdX Chain is the world’s leading DeFi protocol focusing on perpetual futures, fully decentralized and community-governed. It distributes 100% of protocol fees to DYDX stakers for bolstering the dYdX Chain’s security. Since its launch six months ago, the dYdX Chain has generated over $136 billion in cumulative trading volume and has distributed over $23 million in USDC as staking rewards to nearly 20,000 stakers, with a current annual return rate of 18% as of May 13, 2024, according to Mintscan. The integration of Anchorage Digital’s staking support for native DYDX enhances institutional interest through Anchorage’s secure and regulated custodial services. This partnership provides a compliant staking solution for DYDX token holders and supports institutional adoption, contributing to the ecosystem’s growth.

About Anchorage Digital

Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.

About the dYdX Foundation

The dYdX Foundation’s purpose is to support and grow the dYdX protocol ecosystem by enabling communities, developers, and decentralized governance.

The dYdX Chain software is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain or its software be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever.

Liminal Custody Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody 5084

Liminal Custody, a leading provider of digital asset custody and wallet infrastructure solutions, announced a landmark achievement today, the acquisition of Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This prestigious license is a significant milestone in Liminal’s journey, solidifying its commitment to regulatory compliance and innovation within the burgeoning digital asset space.

Obtaining the FSP positions Liminal as a trusted partner for institutions seeking secure and compliant solutions for safeguarding their valuable digital assets. Notably, the license grants Liminal the ability to operate as a regulated custodian within the Middle East, a rapidly growing financial hub. This expansion broadens Liminal’s reach and allows it to serve a wider range of clientele seeking best-in-class digital asset custody solutions.

Building Trust Through Regulatory Compliance

Mahin Gupta, Founder of Liminal Custody, expressed his satisfaction with the achievement, stating, “We are honored to receive the ADGM FSP license. This accomplishment represents the culmination of significant effort on behalf of our entire team, all dedicated to upholding the highest regulatory standards. Building trust within the digital asset industry, which is undergoing rapid evolution, is a core tenet of our mission. The ADGM FSP license serves as a powerful validation of our commitment to compliance. We are confident that this achievement will further empower us to deliver best-in-class custody solutions to our clients, ensuring the continued security and integrity of their digital asset holdings.”

The Symbiosis of Compliance and Innovation

The digital asset industry is experiencing exponential growth, with a corresponding demand for regulatory clarity to foster long-term stability and mainstream adoption. Liminal believes that a robust regulatory framework, when coupled with continuous innovation, is the cornerstone for building a secure and thriving digital asset ecosystem. By adhering to stringent regulations, Liminal ensures the safety and security of client assets, while its unwavering commitment to innovation allows it to develop cutting-edge solutions that address the evolving needs of the digital asset landscape. This two-pronged approach – prioritizing both regulatory compliance and technological advancement – positions Liminal as a leader in the digital asset custody space.

Commenting on Liminal achievement, Arvind Ramamurthy, Chief of Market Development at ADGM said: ” We congratulate Liminal on completing its licensing process and receiving the required Financial Services Permission (FSP) from the FSRA of ADGM. Liminal’s focus on regulatory compliance and innovative solutions in the space of digital assets aligns with ADGM’s vision for fostering a dynamic and trusted financial ecosystem that prioritizes upholding the highest standards of security and innovation. We look forward to witness Liminal’s contribution to the growth of the digital asset industry in Abu Dhabi and beyond.”

Amir Tabch, CEO of Liminal Custody Middle East and Senior Executive Officer of the Category 3C ADGM-regulated entity First Answer Middle East Limited, remarked: “Earning the ADGM FSP license is a clear indicator of Liminal’s ironclad dedication to compliance and innovation. This achievement not only positions us at the forefront of digital asset custody but also signals our pivotal role in its future evolution. By equally valuing regulatory compliance and technological progress, we aim to equip institutions with the confidence to explore the digital asset realm, tapping into its vast, transformative potential. This milestone is a springboard for Liminal’s continued growth and a significant contribution towards the digital asset industry’s maturity.”

About Liminal Custody

Liminal is a compliant and insured digital asset custody and wallet infrastructure provider that provides both MPC wallets and multi-sig wallets. Launched in April 2021, Liminal is a CCSS Level 3, SOC Type 2 and ISO 27001 & 27701 certified organization. Liminal is based in Singapore, has operations spread across APAC MENA and Europe, along with offices in Singapore, India and UAE.

Liminal takes pride in supporting businesses with their qualified and insured digital asset custody platform, which enables stress-free safekeeping of digital assets for institutions. Liminal also provides a cutting edge wallet infrastructure platform that is secure, compliant and automated and comes with a plug-and-play architecture for faster onboarding of developers, business partners and government agencies.

About Abu Dhabi Global Market (ADGM)

The Abu Dhabi Global Market (ADGM), an international financial center (IFC) located in Abu Dhabi, the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a comprehensive financial center, ADGM enhances Abu Dhabi’s stature as a global trade and business hub. It serves as a strategic connector between the burgeoning economies of the Middle East, Africa, and South Asia, and the rest of the world.

ADGM’s strategy leverages Abu Dhabi’s key strengths in areas such as private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability, and more. It comprises four independent authorities: the ADGM Authority, ADGM Courts, the Financial Services Regulatory Authority, and the Registration Authority. As an IFC, ADGM governs the entire 114 hectares (1.14 square kilometers) of Al Maryah Island, a designated financial free zone.