A new smartphone that runs on the Ethereum blockchain has been a huge success, selling out its entire stock in just one day. The device, called EthPhone, is the first of its kind to use Ethereum as its native platform, allowing users to access decentralized applications, smart contracts and cryptocurrencies directly from their phone.
EthPhone’s operating system, ethOS, is based on Linux and integrates seamlessly with the Ethereum network, providing a secure and user-friendly interface. EthPhone also features a built-in hardware wallet, a high-resolution camera, a fingerprint scanner and a 5G connection. EthPhone’s creators claim that their product is not only a smartphone, but also a gateway to the decentralized web, where users can enjoy more freedom, privacy and innovation.
The U.S. Securities and Exchange Commission (SEC) has announced that it will postpone its decision on three applications for Bitcoin exchange-traded funds (ETFs) until October. The applicants are Valkyrie Investments, Invesco, and WisdomTree, who have all proposed to launch spot Bitcoin ETFs that would track the price of the cryptocurrency directly.
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The SEC said that it needs more time to evaluate the potential risks and benefits of allowing such products in the U.S. market, as well as to solicit public comments on the proposals. The SEC has been reluctant to approve any Bitcoin ETFs so far, citing concerns over market manipulation, fraud, custody, and investor protection.
The delay is another setback for the crypto industry, which has been hoping for a breakthrough in the U.S. regulatory landscape. A Bitcoin ETF would provide a convenient and accessible way for investors to gain exposure to the digital asset without having to buy and store it themselves. Some analysts believe that a Bitcoin ETF would also boost the legitimacy and adoption of the cryptocurrency, as well as increase its liquidity and price stability.
According to CertiK, a leading blockchain security company, the year 2023 has witnessed a surge of malicious activities in the decentralized finance (DeFi) sector. The company’s latest report revealed that from January to August, more than $997 million worth of digital assets were stolen or drained by hackers and scammers through various methods, such as flash loan attacks, exit scams and exploits. Flash loan attacks involve borrowing large amounts of liquidity from DeFi protocols and manipulating the market prices to profit from arbitrage opportunities.
Exit scams occur when the developers or promoters of a DeFi project disappear with the funds raised from investors or users. Exploits are the result of exploiting vulnerabilities or bugs in the smart contracts or protocols that power DeFi applications. CertiK warned that these threats pose significant risks to the security and trust of the DeFi ecosystem and urged users and developers to adopt best practices and tools to protect their assets and projects.
LimeWire, the peer-to-peer file sharing platform that was once synonymous with online piracy, has reinvented itself as a pioneer of AI-generated content. The company announced today that it has launched LimeWire Creator Studio, a web-based tool that allows users to create and monetize digital art, music, videos, and more using artificial intelligence. The Creator Studio is powered by LimeWire’s proprietary AI engine, which leverages deep learning and generative adversarial networks to produce original and diverse content.
Users can customize their creations by adjusting various parameters, such as style, mood, genre, and complexity. The Creator Studio also integrates with Polygon, a scalable and low-cost blockchain network that supports Ethereum-compatible smart contracts. Users can mint their creations as non-fungible tokens (NFTs) and sell them on LimeWire’s own marketplace or other NFT platforms.
LimeWire claims that its Creator Studio is the first of its kind to offer a fully decentralized and censorship-resistant way to generate and distribute AI-generated content. The company hopes that its platform will democratize the access to creative tools and empower a new generation of digital artists and creators.
Crypto Exchange OKX, one of the largest and most popular platforms for trading digital assets, has recently disclosed its massive reserves of Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). According to a report by the exchange, OKX holds more than $10.4 billion worth of these three cryptocurrencies, which account for over 90% of its total assets under custody.
The report also reveals the breakdown of OKX’s holdings by coin and by wallet type, showing that the majority of its funds are stored in cold wallets for security reasons. OKX claims that its disclosure is part of its commitment to transparency and accountability, as well as a response to the growing demand from regulators and investors for more information about the crypto industry. OKX hopes that its report will inspire other exchanges to follow suit and increase the trust and confidence in the crypto space.
According to a recent survey conducted by KuCoin, a leading global cryptocurrency exchange, Turkey has one of the highest rates of cryptocurrency adoption in the world. The survey revealed that more than 50% of Turkish adults have invested in some form of digital currency, such as Bitcoin, Ethereum, or Dogecoin.
The main reasons for this high level of interest are the volatility of the Turkish lira, the ease of access to online platforms, and the desire to diversify income sources. KuCoin’s CEO, Johnny Lyu, commented on the findings: “We are delighted to see that Turkey is embracing the potential of cryptocurrency and blockchain technology. We believe that Turkey has a bright future in the crypto space, and we are committed to providing our users with the best services and products to support their journey.”
The island of Maui has been devastated by a series of natural disasters, including wildfires, floods, and landslides. Thousands of people have lost their homes, businesses, and livelihoods. In response, a group of celebrities and philanthropists have launched a relief fund that accepts donations in various cryptocurrencies. The fund is led by Oprah Winfrey and Dwayne Johnson, who are both avid supporters of the crypto community. They hope to raise awareness and funds for the recovery efforts, as well as to promote the adoption and innovation of crypto technology.
The fund accepts donations in Bitcoin, Ethereum, Dogecoin, and other popular coins. Donors can also choose to remain anonymous or to receive recognition and rewards for their generosity. The fund aims to distribute the donations to local organizations and individuals who are working to rebuild Maui and to provide essential services and support to the affected communities.
The fund also plans to invest in long-term projects that will enhance the resilience and sustainability of the island. The crypto community has shown its solidarity and compassion for the people of Maui and has demonstrated the potential of cryptocurrency as a tool for social good.
Ivan Bianco, a very popular cryptocurrency influencer in Portugal, made a serious mistake that cost him all his funds. During a live stream in which he talked about his decentralized finance (DeFi) strategies, he accidentally revealed his seed phrase, which is a sequence of words that allows access to his cryptocurrency wallet. As soon as viewers realized what he had done, some of them used the seed phrase to steal all their money.
PancakeSwap, the leading decentralized exchange (DEX) on the Binance Smart Chain (BSC), has announced its expansion to Base Network, a cross-chain platform that enables interoperability between different blockchains. PancakeSwap users will be able to access Base Network’s liquidity pools, swap tokens across multiple chains, and participate in yield farming and lottery programs.
Base Network aims to provide a fast, secure, and scalable solution for decentralized applications (dApps) and DeFi protocols that want to leverage the benefits of multiple blockchains without compromising on user experience or security. PancakeSwap’s integration with Base Network is expected to boost its user base, trading volume, and innovation potential.
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