A vulnerability in Box's implementation of multi-factor authentication (MFA) allowed attackers to take over victim’s accounts without having access to the victim’s phone, according to new research from Varonis.

read more

The fintech announced U.S. and non-U.S. customers alike would soon be able to use bitcoin as collateral to invest in real estate.

The trading platform said the acquisition would help it establish a one-stop-shop for regulated Bitcoin products in Europe.

By now, you know that I’m a big fan of NFTs. I’ve been collecting blue-chip projects and make sure I regularly tell my followers what projects I’m investing in. It is true however that blue-chips are expensive, especially for a newbie to the NFT space. As a result, I try to give updates on NFT projects in their minting stages, so you can get in early, join a budding community with immense potential and ride the project up to blue-chip status. How about that? Radioactive Apes  One project I think has the potential to be successful is the Radioactive Apes project. This project sets a new standard for generative 3D art. These arts aren’t just superb 3D, they also come with high-quality details and a special combination of traits. The team behind this project are very ambitious as shown with their plans to expand the project’s collection into the Metaverse, adding DeFi mechanics and a lot more. Wondering why I think this project has immense potential, it’s easy. For one, it’s designed and created by deckor.co. This is an interdisciplinary experience and CGI studio. The Apes designed by this company have been rendered in ultra-high-resolution while paying extremely close attention to detail by talented artists. Mint Details There are 10,000 Radioactive Apes available for mint for 0.075 ETH for members who are whitelisted and 0.1 ETH for the general public. If you are wondering, there’s an advantage to being whitelisted. You get to mint a maximum of 2 Apes. To get whitelisted, you can join the community on discord.gg/radioactive and twitter.com/radioactiveapes for more information. The Apes will be revealed when all 10,000 Apes in the collection have been sold. Token After the mint, the team plans to create a Metaverse currency, $RADX. This token will have to support tokenomics and dynamics that bring value to holders of Radioactive Apes NFT. The utility will be provided to the token in the Radioactive Apes metaverse. Utilities like redeeming future metaverse items, mutations, drops and other mechanics will increase the value of the Radioactive Apes and the community at large. Waste Barrels  These are ways by which holders of Radioactive Apes get rewarded. It is funded by secondary sales. The Waste Barrels will be a unique reward that holders can claim weekly and it will hold a variety of items that are claimable like NFTs, Metaverse lands, Radioactive Collectibles, ETH, Whitelist Spots, Merchs and lots more.  DAO  There is a plan to allocate a portion of the proceeds of the mint to form a community-driven fund which will be governed by a DAO structure. However, this is dependent on the outcome of the mint. The DAO will be separate and in addition to the centralized operation of the team. Priority is given to security as the Fund will be set up transparently and securely with a multi-sig wallet. Added to this, a governance structure will be set up to ensure that there is representation from the community to help shape the future of the project. 50 Radioactive Apes NFTs will also be reserved for the DAO treasury. Roadmap  Phase 1 The Blast: High-Quality 3D Apes Radioactive Apes will make its post-nuclear entrance into the metaverse by setting a new standard with jaw-dropping high-quality 3D artwork. The apes are uniquely designed by an interdisciplinary design, CGI, and experience studio. Each ape is curated with high attention to detail to each trait and is rendered in ultra-high resolution. Initial focus on high-quality 3D art High attention-to-detail on traits and rarity Ultra-high-resolution 3D rendering Phase 2 The Gust: Waste Barrel Rewards and Foundation Community  Following the launch, Radioactive Apes aims to introduce Waste Barrels: a periodic reward for NFT holders that are funded by secondary royalties. By holding the NFTs, the community will receive rewards ranging from whitelist spots to quality designed merch. Strengthening foundational community through various initiatives including gated discord channels for NFT holders to harness the collective intelligence, onboarding of community contributors, and set up of rarity.tools so that our collectors can find the right ape for themselves. Gated discord channels for NFT holders Phase 3 The Radiation: Radioactive Merch Store  With the same attention to detail and craftsmanship as its metaverse counterpart, Radioactive Apes aims to expand its presence from the metaverse to the physical world with the production of high-quality merchandise and physical items. The team believes that by bridging the physical world, they can expand the community and contribute to the general adoption of NFTs. Design and produce high-quality merchandise Web3 eCommerce storefront accessible only to NFT holders Expand community and brand awareness Phase 4 The Fallout: Community-driven Initiatives and Treasury  Radioactive Apes believes heavily in decentralization and community. A DAO structure will be formed to enable NFT holders to influence and shape the direction of the project and its … Continued

The post Radioactive Apes; the NFT Project with DeFi Mechanics appeared first on Cryptoknowmics-Crypto News and Media Platform.

NFT marketplace OpenSea has confirmed its acquisition of Dharma Labs.

The post OpenSea confirms acquisition of Dharma, sets sights on fiat onramps appeared first on The Block.

Zug, Switzerland, 18th January, 2022, Chainwire Autonomy Network, an off-the-shelf decentralized automation protocol, has officially integrated its AutoSwap dApp with Trader Joe on Avalanche, following its successful integration with the PancakeSwap on Binance Smart Chain (BSC). AutoSwap is the first ever dApp to offer limit order, stop loss, impermanent loss protection, and recurring payment features […]

Zug, Switzerland, 18th January, 2022, Chainwire Autonomy Network, an off-the-shelf decentralized automation protocol, has officially integrated its AutoSwap dApp with ...

Read More...

The Swiss National Bank does not see any overall benefit from issuing a central bank digital currency (CBDC) to be used by the general public and used in day-to-day transactions, governing board member Andrea Maechler said on Tuesday. “We believe the risks outweigh the benefits,” Maechler told a financial conference held in Frankfurt, saying a […]

Read full post Swiss National Bank is not in favor of issuing a retail CBDC. on Chaintimes.com.

Polygon has successfully implemented the Ethereum EIP-1559 upgrade, and MATIC tokens have officially started burning. EIP-1559 replaces the first-price auction fee structure with a base fee that gets included in the next block. It also includes a priority fee to speed up processing. The base fee is burnt thereafter. 0.27% of all MATIC is estimated […]

The post Polygon Activates EIP-1559 Upgrade, MATIC Starts Burning appeared first on Coin Bureau.

At the time of writing, Rematic hasn't been able recovered the stolen funds, however, the U.S. authorities have been notified of the attack. Nevertheless, the company's CEO, Mike Pazuki, announced that several new measures have been put in place to tighten security and avoid future incidents like this.

How It Happened

Last year, Rematic announced it would host an AMA Session in early January. The event represented an excellent chance for the project to solidify its trust and transparency. Also, it would give investors a sneak peek into the platform's development status, budgetary updates, and how their voting service will work.

The AMA Session kicked off on January 2 with overwhelming community support. Unfortunately, it also brought some unwanted attention as the unidentified scammers saw an up and coming project as an opportunity to defraud them.

Rematic CEO commented on the incident:

"RMTX was scammed out of 20 Trillion RMTX, which was valued at $300k at the time this happened. This was done through a reverted transaction of over 7 BTC during the transfer of RMTX to and the supposed investors." 

Allegedly, a group of so-called investors expressed their interest in RMTX tokens. They provided verifiable LinkedIn accounts and credentials, appearing as reliable, well-intended investors. Therefore, the core team did not have a reason to suspect any malicious actions.

The well-planned scam played out over several days after the initial contact. During this period, both parties engaged in several conversations about the company, future objectives, various investment options. After an agreement was struck, the two parties conducted small transactions involving negligible amounts to confirm wallets. After that was completed, the imposters sent over 7 BTC in exchange for 20 trillion $RMTX. During the large transfer, the scammers reverted the BTC deposit. They then quickly liquidated the received RMTX, thus allowing them to keep their 7 BTC and cashing in on selling all of the RMTX they just received.

After notifying the authorities, Rematic immediately informed its community about the incident, sticking to the team's mantra, "Transparency Above All Else."

This is not the first time an up-and-coming project has fallen victim to this kind of crypto scam. There are at least two other communities victimized by the same attack, however, Rematic has been hit the hardest so far. 

How Rematic Tokens LLC is Rectifying the Incident

The ongoing issues could taint Rematic's credibility with the public. Nevertheless, the platform is working to regain its members' trust. Also, the team expressed their gratitude to the community, which is continually offering its support publicly through multiple AMA sessions. 

The core team encouraged users to express their opinions on the issue freely and openly called for stricter security measures:

"While other tokens were scammed for smaller amounts, they have not yet been able to recover from this as RMTX has. We credit this to our amazing community, which has rallied around this incident, and because of their support, we are stronger than ever before. We are extremely fortunate to have a community like this." – CEO, Mike Pazuki

Now, Rematic is working with attorneys and accounting professionals to implement better policies and practices in regard to organizational financial management. This will ensure the project remains true to its mission of making the crypto space better and safer for everyone.

About Rematic Tokens LLC

The $RMTX token reflects EGC on the Binance Smart Chain allowing users to hold $RMTX to earn $EGC. On top of that, having $EGC will enable you to earn $BUSD.

The project launched on December 3, 2021, and has grown steadily since its debut. During the token launch, it garnered 1000 BNB in less than 3 hours, further proving its impressive potential. Currently, the team believes that $RMTX is still just in its infancy with some much potential for growth. Its community now has over 5000 members and growing by several hundred per day. With the decentralized blockchain-based voting platform due for release towards the end of Q2 2022, the best is yet to come for this new project.

For more information, visit: 

Telegram | Twitter | Discord | Facebook | Instagram | Reddit

Transient Network has launched its crypto prediction DApp named CryptoPool. Users can create a prediction pool and earn rewards if ...

Read More...

There is an increasing number of smart contract platforms rolling out in the crypto space, with many becoming household names. However, a dark horse in the race to be the most efficient and secure blockchain is ‘Nexus’. Given its low market cap, most people have never heard of this seven-year-old blockchain, yet it delivers far […]