CoinList’s Rally Network Liquid Token Sale Attracts 40k Users to Buy $22 Million in RLY

CoinList’s Rally Network Liquid Token Sale Attracts 40k Users to Buy $22 Million in RLY

Rally, an open network powered by the Ethereum blockchain, has raised $22 million from its liquid token sale on CoinList, a crypto asset issuance platform.

44,000 Investors Join The Rally Family

Investors numbering 40,000 purchased the RLY tokens for $0.60 each between April 1 and 4, 2021, per a CoinList post. The sale was originally approved in March through community governance.

The investments were limited to $1,000 per person, with nearly two-thirds of the offerings with 115,000 registrants missing out on participating.

Commenting on the sale of the liquid token, Rally founder Kevin Chou explained that the project aimed to advance the number of people personally involved on the Ethereum-based platform that mints “social tokens” for digital asset holders to flex their crypto clout.

To make up for the RLY that was locked up for 12-month a linear, the token pricing, which was set at $0.60, was determined by a 20-day trailing average from March 11, 2021, to March 30, 2021, minus a 30% markdown.

Some weeks ago, investors had the privilege to purchase RLY for less than half the price offered by CoinList on the open markets.

With 40 million RLY sold having previously been allocated to Rally’s Community Treasure, the liquid token sale got approved through community governance last month.

Following the sale, the share price of Rally has increasingly been gaining momentum. So far, close to 250% since trading for less than $0.29 on March 12. RLY consistently traded between $0.25 and $0.35 from mid-January until mid-May. At the moment, RLY last changed hands for $1.

However, half of the tokens will become tradable on October 4, after which the remaining RLY will unlock gradually monthly.

Read Original/a>
Author: Jimmy Aki

Crypto Hardware Wallet Trezor Brings Privacy to its Users with CoinJoin & CoinControl

Crypto Hardware Wallet Trezor Brings Privacy to its Users with CoinJoin & CoinControl

Cryptocurrency hardware wallet, Trezor is bringing privacy to its users through CoinJoin.

CoinCoin is a trustless method that combines multiple Bitcoin payments from multiple senders into single transactions making it difficult for outside parties to determine the origin of the coins. Trezor tweeted,

“We always strive to advance your privacy! CoinJoin will obscure the sources and destinations of your transactions.”

However, some are concerned about the fact that cryptocurrency exchanges like Binance and Paxos Global actually discourage the use of the bitcoin mixing services and, in the past, have flagged consumers who have made use of these services. For Trezor, the heart of the matter here is,

“Do you want to use a service that blocks your transaction because you care about your privacy?”

Another step towards maximizing Trezor users’ privacy also includes a CoinControl feature that puts the user in complete charge of compiling their transactions.

When sending BTC to someone, this feature allows you to control which of your addresses sends the coins and, even more specifically, which unspent outputs will be sending inputs.

“In the future, the combination of Tor Switch, CoinControl, and CoinJoin will guarantee you the top level of privacy and security, respected by our customers.”

Besides privacy, Tezos (XTZ) also announced that they are also bringing full node support to its wallet this year. Users will be able to connect their own full node, which allows them to fully validate transactions and blocks and help the network to the Trezor hardware wallet.

In the first stage, they will implement Electrum API integration which will be then followed by Bitcoin Core.

Another addition includes the Trezor Suite Mobile app for Android, which will have most of the Trezor Suite features “bringing accessibility and user experience to the whole new level.”

Read Original/a>
Author: AnTy

Jack Dorsey’s Cash App Now Allows Users to Send Bitcoins for Free

Users can now send BTC directly using a Cash App tag for free

Jack Dorsey has been at the forefront of promoting Bitcoin adoption to the world. A Cash App, a Twitter founder’s payments app, will make it easier and cheaper for users to send Bitcoin across the app.

This Wednesday, in a tweet, Cash App confirmed users can now directly send Bitcoin BTC -1.12% Bitcoin / USD BTCUSD $ 57,872.03
-$648.17-1.12%
Volume 55.78 b Change -$648.17 Open $57,872.03 Circulating 18.66 m Market Cap 1.08 t
4 h Jack Dorsey’s Cash App Now Allows Users to Send Bitcoins for Free 4 h NFT Buyers and Sellers Could be Liable to “Unknown” Capital Gains Tax in the United States 5 h EU Regulators Warn Investors About the High Risks of Investing In Cryptocurrencies
on the app to other app users using their $CashAppTags. The service will be totally free, which places Cash App as the desired layer 2 solutions to boost Bitcoin adoption.

Allowing users to send BTC to tags directly reduces the errors in typing long Bitcoin addresses, leading to loss of coins.

The minimum amount to send is 1000 satoshis, or 0.0001 BTC (~$5.70, at current prices). A weekly sending and receiving limit of $7,500 is also set in the service.

To celebrate the achievement, Cash App gave away $1 million in BTC to its Twitter followers. To win an apportion of the free BTC, users had to follow the page and retweet the post disclosing your $cashapptag and #CashAppBitcoin. Even if you missed out on this giveaway, the popular app runs a promotion a few times a month.

Cash App has seen massive Bitcoin adoption rates – adding 3 million BTC users in 2020 and an extra 1 million users in January 2021.

Read Original/a>
Author: Lujan Odera

Rug Pulled on Users as DeFi Project Meerkat Finance Disappears Along with $31 Million

Rug Pulled on Users as DeFi Project Meerkat Finance Disappears Along with $31 Million

Just a day after the launch of the project on Binance Smart Chain, the DeFi project reported a hack, suspected to be a rug pulling, resulting in the loss of 13.96 BUSD and 73,653 BNB.

Decentralized Finance (DeFi) project Meerkat Finance claims to be drained for $31 million in digital assets just a day after launching on Binance Smart Chain (BSC).

The team announced through its Telegram channel that its smart contract vault was compromised, which has resulted in the loss of 13.96 BUSD and 73,653 BNB. Both of these are Binance tokens.

However, it is speculated that instead of a hack, the Meerkat Finance team has pulled the rug. According to on-chain data, the original Meerkat deployer’s account was used to alter the smart contract that contains the project’s vault business logic, which means either the project did so itself or its private key was compromised.

Adding to the exit scam suspicions is the disappearance of Meerkat’s Twitter profile and website.

Binance is reportedly monitoring the situation and plans to freeze any related funds that move to its exchange. The exchange is also asking the victims to report their issues on “Report Meerkat Finance here.”

Binance Smart Chain has emerged as an alternative to the Ethereum network as high fees make the second-largest network unusable to small users. This has the usage of BSC increasing with the unique wallets and transaction volume surpassing Ethereum last month, as per Dapp Radar.

Compared to more than 67k unique wallets and $181 billion in transaction volume at the end of Feb. on the Ethereum mainnet, there were over 108k and $700 billion wallets and volume reportedly respectively on BSC. Mira Christanto, a researcher at Messari noted,

“High gas prices and $100 million funding from Binance has propelled BinanceSmartChain’s TVL to be 25% of Ethereum.”

Several popular DeFi projects have also announced their plan to deploy on BSC or already gone live, including ALPHA, 1INCH, CREAM, DODO, FARM, LINA, REEF, SFI, and SXP.

With increased activity on BSC, it partnered with CertiK Foundation, a decentralized security solutions, and audit provider. CertiK Foundation tweeted on Wednesday,

“A rapid rise in BSC development and utilization calls for an equal response in blockchain and DeFi security. We are here to answer that call.”

Read Original/a>
Author: AnTy

Robinhood Adds 6 Million New Crypto Users in First 2 Months; 2021 Starting With A Bang

Robinhood Adds 6 Million New Crypto Users in First 2 Months; 2021 Starting With A Bang

“The numbers are clear: 2021 has started with a crypto bang,” says the online brokerage.

Zero commission online brokerage Robinhood revealed that 6 million new users signed up for its cryptocurrency services in the first two months of this year.

The company launched its crypto services three years ago. Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC) are the only available cryptos on the platform.

Robinhood Crypto, which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services, recorded high trading volume amidst a sharp rise in the prices of cryptos.

These numbers just show that much like crypto exchanges which have been registering a sustaining number of new peaks in new user sign-ups and volume, the crypto-mania has spread to everyone.

As we reported, in January, the global crypto users broke the milestone of 100 million, and this week, Square also revealed in its earnings report that its Cash App recorded 1 million new Bitcoin users in January 2021, adding to its 3 million throughout 2020.

As for Robinhood’s crypto division, they averaged about 200,000 new customers trading on its platform per month in 2020, the company said in a blog post. “The numbers are clear: 2021 has started with a crypto bang,” it said.

Robinhood crypto traders by year

Source: Robinhood

The average transaction size of crypto investors on the platform is around $500.

Robinhood, which also offers stock and options trading, currently allows its customers to only buy, sell, and hold cryptos and recently said it also plans to introduce the ability to deposit and withdraw cryptos to other wallets.

The company is expected to go public this year, with a value of over $20 billion, nowhere near the more than $100 billion valuation crypto exchange Coinbase got. The largest crypto exchange in the US, Coinbase, filed to go public with Nasdaq through a direct listing on Thursday.

Read Original/a>
Author: AnTy

Opera Browser Partners With Payment Processor Simplex; Allows Users to Buy Crypto with Fiat

Opera Browser Partners With Payment Processor Simplex; Allows Users to Buy Crypto with Fiat

  • Renowned browser, Opera, has partnered with crypt-fiat solutions offeror, Simplex, to promote the adoption of cryptos via allowing direct in-browser buys.
  • Opera users will henceforth be allowed to buy cryptos directly from the browser after integrating with the Israeli-based crypto-fiat processor Simplex. The partnership will also allow Opera users to create crypto wallets for storage of the newly-bought digital assets.

Simply known as crypto on-ramp, the service allows users to use their fiat to purchase crypto and is helpful for fresh crypto users. The new deal comes on the heel of various financial institutions now using Bitcoin and other cryptos and the prices going up in the recent past.

Simplex marketing head, Rachel Siegman, explained that the partnership with Opera, one of the most popular browsers in the world, will make on-ramping widely accessible which is a plus for the crypto space. Siegman explained,

“Current Opera users can onramp using their debit or credit card with Simplex and Simplex users can now use the secure and instant payments on Opera.”

Simplex was started in 2014 and prides itself as a firm that has been altering the status quo when it comes to crypto on/off ramps. The firm said it is determined to enhance the mass adoption of cryptos.

Simplex explained that the partnership with Opera comes at a time when retail investors are yearning for simple ways of entering the crypto industry after an impressive bull run that has caught the world by surprise. Siegman stated that now retail users can open a wallet without the need of leaving the browser, purchase their digital assets, sell, or hodl. She explained:

“Now Opera users can access Simplex’s extensive range of supported cryptocurrencies from within the browser wallet itself, and move between fiat and cryptocurrency with ease, enjoying competitive rates.”

Recently, Simplex hit another milestone after being added as a principal member of Visa within the Eurozone. This means that the firm can now provide fiat to crypto services to individuals that want to use their crypto for regular payments.

Read Original/a>
Author: Joseph Kibe

Privacy Browser Brave Unknowingly Leaked Users’ Dark Web Activities: Researchers

Privacy-oriented web browser Brave has been leaking users’ web data for months unknowingly through a bug in its code. The bug named Support CNAME, which was incorporated into its Tor mode offering had been sending user data to local network providers without the company knowing.

Leaked DNS Requests

Tor mode on Brave Browser allows users to access hidden services better known as .onion dark web domains while using Brave’s private browsing windows. The feature, which was added in 2018, was created to ensure increased privacy for Brave users while surfing the web.

But in recent research revealed on Friday for the Brave stable build, a Reddit user said Brave’s Tor mode was re-routing web queries for .onion domains to public internet domain name system (DNS) resolvers rather than designated Tor nodes.

Although the claims were initially refuted, other security experts confirmed the issue and asked the privacy browser to do something about it.

A DNS leak occurs when a request that should be sent through a private network arrives at a DNS server unprotected. The DNS server is likely your local network provider who will likely collect, evaluate and possibly sell the data. A DNS leak also leaves a trail that can be traced by government officials, hackers, or anyone with top-level security clearance.

To address this sort of issue, the Tor network was created in 2002. This network directs your web traffic through myriads of nodes, hiding the location you are searching from and protecting against network surveillance and traffic analysis.

Brave Browser has subsequently addressed the issue and released a formal fix for the erring bug the same day the data leak was discovered. The company said it first found the CNAME bug in its Brave Nightly build which developers mainly use. The issue was fixed on Feb. 4, and it proceeded to look into the stable build. It delayed the fix because it looked for other likely bugs that may result from the data leak.

The company has advised users genuinely concerned about their privacy to use the Tor network instead.

Brave’s User Community Grows By 130%

But despite what might seem like a bad deal for the ads blocking browser, Brave browser has enjoyed some measure of success in 2021. In a published report, the privacy portal said it has seen its user community increase from 11.6 million to 25.4 million as of Feb. 2 reflecting a 130% increase.

The Brave browser is sometimes compared to the famous Tor network due to its privacy-centric business model. Its Tor mode deployment in 2018 has seen it become a household name in a few short years.

The Chromium-based browser also rewards its users a basic attention token (BAT) for accepting to view ads. These digital tokens can then be exchanged for other crypto-assets or given to content creators through its in-built wallet.

With the idea of privacy becoming a much-discussed topic in the last decade, Brave may continue to find itself in business for a long time to come.

Read Original/a>
Author: Jimmy Aki

Brave Crosses 25M Monthly Active Users; Privacy Browser Continues Growth Trajectory

The number of active monthly users on Brave Browser has surged over the past year. The service is also seeing significant gains with its Brave Ads program.

Brave Browser enjoyed significant growth in 2020, capitalizing on the increasing focus on privacy to hit new milestones. The privacy-centric browser doubled its user base in 2020, setting itself up for possibly more gains in 2021.

Privacy Focus Benefits Brave

According to a press release, Brave explained that its monthly active users jumped from 11.6 million to 25.4 million last year, per its press release. Daily active users jumped similarly, moving by 126 percent from 3.8 million to 8.6 million. The number of verified content creators on the platform passed one million for the first time.

Brendan Eich, the company’s co-founder and chief executive, explained that the increase in its user base represented the increased desire for people to escape the “surveillance economy.” He explained in the release,

“25 million people have made the switch to Brave in order to protect their privacy and to regain control of their browsing experience. Users are realizing that a new way to browse the Web is just one click away with a seamless Brave download and that they can opt-out of the surveillance economy and instead get rewarded for browsing.”

Eich believes the company’s growth would continue, citing the increased influence of Big Tech companies on the internet landscape. With these firms showing a propensity for collecting user data, Brave will be there to provide a viable alternative.

Building Its Ecosystem

Brave has been doing a great deal of work to improve user security. In July, it partnered with Guardian, a VPN, and firewall service provider, to improve its iOS customers’ security.

The partnership saw the two companies capitalize on their strengths, Brave’s privacy-focused browser, and Guardian’s firewall and VPN offering. Brave’s iOS users can now turn on the Brave Firewall + VPN service in one click, protecting their devices from trackers.

However, the company has also been able to make significant strides in its Brave Ads program. The program allows users to opt-in to watch ads in exchange for the company’s native token Basic Attention Token (BAT).

Last year, Brave pointed out that several top crypto firms had signed up for its ads program. These included stock trading app eToro and crypto lending firm BlockFi.

Read Original/a>
Author: Jimmy Aki

The UNI Airdrop is Now Worth Over $7k as Google Searches Rise Up & Volume Hits New Highs

The traditional investors are coming to the world of decentralization. Uniswap allows users to front-run the rest of the world amidst the ongoing censoring.

UNI, the 13th largest cryptocurrency by market cap of $5.14 billion, is the largest DeFi token. The digital asset that enjoyed an uptrend throughout last week to reach nearly $20 is up 275% YTD.

These gains made the UNI airdrop currently worth a whopping more than $7,000. The popular decentralized exchange (DEX) Uniswap launched its governance token UNI in September, less than five months back. UNI tokens were airdropped to all of the users who provided liquidity to the platform before Sept. 1st.

UNI tokens’ worth is increasing as more and more users are using the decentralized exchange, which gained momentum after the Robinhood fiasco. The zero-commission broker halted the trading of popular stocks like GME and has now limited the number of shares that can be purchased. The popular retail app also halted crypto trading last week.

This pushed the traditional investors to the world of decentralized finance (DeFi).

Uniswap is actually allowing traders to front-run the rest of the world as it is open for trading 24/7/365, as is the entire crypto space.

This can be seen in the Google search volumes for “Uniswap,” which is now reaching their DeFi summer levels. The search volumes gained momentum last week just as the WallStreetBets vs. Wall Street battle intensified with trading platforms and social media platforms limited the retail traders’ scope.

Google Trends for the search term “Uniswap”

Source: Google Trends “Uniswap”

Another indicator showing an increased interest in using Uniswap can be seen in its volumes.

Interestingly, throughout January, the decentralized exchange (DEX) has been recording higher than ever volumes. All four weeks of Jan. saw $5.5 billion of volume, as per Uniswap.info.

When it comes to daily volume, it kept above $700 million, and several times it went over $1 billion.

According to Dune Analytics, Uniswap did over $25 billion in volume in January, while its competitor Sushiswap did $12.17 billion, and $6.7 billion was recorded by Curve.

The total DEX volume recorded in the last 30 days was $54 billion, with Uniswap accounting for 48.4% of the share, followed by SushiSwap’s 23.5% and Curve’s 9.6%.

“The writing is on the wall. The majority of non-fiat trading will end up on decentralized, borderless, uncensorable venues,” commented Erik Voorhees, the CEO of the self-custody crypto platform ShapeShift, which is integrating with decentralized protocols and apps.

Read Original/a>
Author: AnTy

Bitstamp’s Dutch Users Must Provide KYC Documents On External Withdrawal Addresses

Bitstamp’s Dutch Users Must Provide KYC Documents On External Withdrawal Addresses

  • Bitstamp introduces new mandatory withdrawal rules to customers in the Netherlands.
  • Users will need to provide KYC documents for external wallet addresses to make crypto withdrawals.
  • Is this trend set to continue in other regions and exchanges?

In an email circulating across crypto social media channels, Bitstamp has activated new withdrawal rules for customers in the Netherlands, requiring them to prove that they are the owner of the withdrawal address. This follows the recent implementation of crypto laws by the Dutch government targeting crypto service providers such as exchanges. The email read,

“We have made some changes on how cryptocurrency withdrawals work on Bitstamp.”

“The new regulation requires us to collect proof that you are the owner of any third party wallet or exchange account before you can withdraw crypto to it.”

Users will need to whitelist any external withdrawal address by providing proof or picture that the account belongs to them. Whitelisting addresses were available on Bitstamp as a voluntary security measure but will now be a requisite procedure for Dutch customers to withdraw from the exchange. The directive kicked off to all Dutch customer accounts on Friday, 15th January 2021.

Moreover, users cannot withdraw their tokens to third-party wallets such as mixers and payment channels. They will need to withdraw the coins to their whitelisted address before transferring them to a third-party crypto wallet.

The Netherlands is one of the leading countries implementing the AMLD 5 directive proposed to EU countries to curb money laundering and counter-terrorism financing. Bitstamp compliance lies in the latest crypto laws drafted by Dutch lawmakers in November 2019 and passed late last year.

Crypto companies operating in Holland must register with the central bank, the De Nederlandsche Bank, BEG reported earlier. The central bank set a deadline of January 2020 for every crypto firm and service provider in the country to obtain a license. Recently, DNB approved the first license for a crypto exchange in the country, offering AMDAX BV, an Amsterdam-based crypto service provider, the power to offer crypto-assets to Dutch residents.

The Netherlands’ case could open a case for other European states and other governments to follow their steps in regulating cryptocurrencies. Recently, U.S regulator FinCEN proposed draconian rules extending anti-money laundering (AML) regulation to non-custodial wallets that will see crypto transactions above $10,000 reported to authorities.

Read Original/a>
Author: Lujan Odera