Blockchain
Copper adds support for token standards on the Internet Computer Blockchain
Published
2 months agoon
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Copper, a digital asset custodian, has enhanced its collaboration with the DFINITY Foundation.
This development allows institutions to securely manage assets like ckBTC, a multi-chain Bitcoin twin, alongside other chain-key tokens such as ckETH and ckUSDC. It will also provide institutional investors with secure custody and staking of Internet Computer (ICP) assets on Copper’s platform.
This partnership brings access to the Service Nervous System (SNS) and Internet Computer Request for Comments (ICRC) token standards, marking a new phase of institutional involvement with the ICP ecosystem.
Blockchain interoperability
Chain Fusion technology facilitates interoperability with major blockchains, enabling ICP smart contracts to interact directly with Bitcoin (BTC), Ethereum (ETH), and other networks.
This is a new advancement for the decentralized finance (DeFi) and Web3 ecosystems, supporting popular dApps, including OpenChat, Dragginz, and ELENA AI.
Marcos Benitez, Copper’s Head of Sales in Switzerland, expressed enthusiasm about the integration, highlighting Copper’s role in enhancing access to vital capital for the ecosystem.
“With this development, we anticipate facilitating greater access to vital capital for the ecosystem, including funds, venture capitalists, and exchange listings,” said Benitez. “Our dedication to bolstering the Swiss and Global Web3 ecosystem remains resolute, and we anticipate continued progress and innovation in this dynamic space.”
Copper’s collaboration follows the launch of Valour Inc.’s ICP exchange-traded product (ETP), for which Copper serves as the custody provider. This partnership underscores a commitment to driving innovation and expanding the digital asset ecosystem, providing institutions with secure and reliable solutions for navigating the evolving landscape of decentralized finance.
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Near Protocol’s X page hacked, again
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Near Protocol’s X page was apparently breached by hackers who seemed uninterested in promoting sham airdrops or rug pulls.
On Sept. 4, bizarre posts were seen published from the X account of layer-1 proof-of-stake blockchain, Near protocol (NEAR).
Account hijacks like this are common in cryptocurrency, with bad actors often targeting decentralized finance protocols. Typically, hackers leverage compromised access to launch phishing campaigns and steal funds.
However, the Near Protocol hacker deviated from this pattern, instead posting a series of anti-crypto messages aimed at crypto users and the heart of web3.
Delete your X account, go outside, and pick a normal life, you manlets. There is 0 good to come of this. Trust me.
Unknown Near Protocol hacker
At the time of writing, unknown individuals still controlled Near’s X page and continued to criticize the $2 trillion cryptocurrency ecosystem and its underlying blockchain industry. This marks the second time the L1’s X account has been hacked this year, following a previous incident in May.
![Near Protocol’s X page hacked, again - 1](https://crypto.news/app/uploads/2024/09/Screenshot-594.png)
While seemingly different from other breaches, Near Protocol ranked among a growing list of DeFi and crypto-related projects that have suffered hacks.
According to crypto.news, X accounts belonging to members of the Trump family were recently used in a scam promoting a Solana-based (SOL) memecoin. In late August, football star Kylian Mbappe’s likeness was used to steal over $1 million from crypto traders.
Hackers have also hijacked accounts owned by heavy metal band Metallica, Frax Finance founder Sam Kazemian, and pseudonymous crypto trader GCR.
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Blockchain
Avalanche announces largest network upgrade since mainnet
Published
2 days agoon
September 3, 2024By
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Avalanche has announced a major network upgrade as the high-performance blockchain platform eyes further growth within the crypto ecosystem.
The Avalanche (AVAX) team revealed the upcoming launch of Avalanche9000, which they describe as the “largest network upgrade” since the blockchain platform’s mainnet debut in September 2020. According to a blog post, Avalanche9000 will soon be available in testnet.
Avalanche9000 testnet coming soon
Avalanche provides a highly scalable and flexible blockchain that allows developers to build and deploy decentralized applications on a fast and low-cost network.
Avalanche9000 🔺
The catalyst that unlocks an expansive world of purpose-built blockchains that all feel like one, giving builders a suite of out-of-the-box tools with complete customization controls.
Build with no compromises.
Let’s dig in 👇 pic.twitter.com/g7P05y9R7P
— Avalanche 🔺 (@avax) September 3, 2024
The platform aims to create a multi-chain network that benefits from connected layer 1 chains, or subnets, to facilitate the scaling of the entire network.
Avalanche9000 is set to accelerate the deployment of Avalanche subnets by making it economically feasible for developers to launch these L1s. The upgrade will also introduce customizable chains, which will speed up projects’ time-to-market.
In addition to the Avalanche9000 testnet, Avalanche plans to release the necessary tools and documentation for users to launch their own L1s on the network. The upgrade will also include key network changes as outlined in various proposals, as well as developer incentives and partner launches.
What is an Avalanche subnet?
An Avalanche subnet is a chain or network with its own rules on membership, tokenomics, and execution layer. The subset of validators on the network work together to achieve consensus on one or more purpose-built chains. This structure allows Avalanche to offer a unified experience for users.
Some of the major Avalanche L1 launches include those by Deloitte, DeFi Kingdoms, Gunzilla Games, MapleStory, Shrapnel, and SK Planet.
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Blockchain
RCO Finance starts a new revolution in crypto by merging blockchain and artificial intelligence to create wealth.
Published
2 days agoon
September 3, 2024By
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RCO Finance (RCOF) is revolutionizing crypto trading by integrating artificial intelligence with blockchain technology. By merging these advanced tools, the Ethereum-based project seeks to create a new paradigm for wealth generation.
This innovative move places RCO Finance at the forefront of decentralized finance’s evolution. Let’s discover how RCOF will use these cutting-edge technologies to transform crypto trading.
RCO Finance Merges Blockchain And AI, New Era In Crypto Trading
The decentralized finance sector is on the cusp of a dramatic shift as RCO Finance emerges with an innovative style to enhance wealth generation. By bridging artificial intelligence into blockchain technology, RCO Finance has developed a modern method to trade crypto assets or other financial instruments profitably and passively.
The platform leverages Ethereum’s blockchain resources and an AI-powered robo-advisor to achieve this goal.
The robo-advisor is an automated investment manager designed to offer cost-effective management services to users. First, it administers a survey to collect information regarding each user’s financial goals, preferences, and risk tolerance. Then, it curates strategies tailored to the information provided to ensure their satisfaction.
Given its ability to analyze market data, it can provide trading insights that investors can use to make well-informed decisions. It can also conduct market research, spot opportunities, and execute trades in the interests of traders. In other cases, the robo-advisor will direct an investor or trader to buy or sell an asset to increase trading accuracy.
RCO Finance Uses Blockchain Technology To Ensure Transparency
While the robo-advisor is meant to enhance trading results, blockchain provides the bedrock for RCO Finance’s existence. This advanced technology facilitates seamless cross-border transactions registered in a secure and decentralized ledger to ensure transparency.
Whenever a trader accesses any of the 120,000 digital assets on the platform, the transactions are executed via RCO Finance’s smart contract and recorded on the blockchain.
Among the 12,500 digital asset classes available on RCO Finance are stocks, shares, derivatives, real-world assets, and exchange-traded funds. Although exchange-traded funds are typically for institutional investors with more liquidity, RCO Finance has made them accessible to regular crypto traders by breaking them into affordable units.
Crypto traders may swap their cryptocurrencies for any other assets listed on the platform, regardless of the class to which they belong.
RCO Finance is a KYC-free platform, reflecting its commitment to protecting users’ privacy and identities. Whether beginners or expert traders, the platform is suitable for either end of the spectrum due to its user-friendly interface. Users can store their assets on the platform, given that SolidProof has audited its smart contract.
RCO Finance’s Presale Approaches A New Presale Milestone
RCO Finance is closing in on a significant presale milestone. Nearing the $2 million mark, RCOF, its native token, is poised to break a new record in terms of revenue generated. This feat can be attributed to the growing adoption of RCOF among crypto enthusiasts looking to maximize gains.
RCOF is in Stage 2 of its presale, primed for a rally to $0.4, its final presale target. This projection suggests that the token is set for a 1,000% increase in its current price, which could multiply investors’ returns tenfold. Moreover, experts believe RCOF will moon after its exchange listing, given the level of visibility that will follow.
Besides the gains, RCOF investors will enjoy exclusive benefits such as a 50% discount on purchases made at its current presale stage. Later, quarterly dividends and tier-based rewards, calculated based on how many tokens a user holds, will be paid directly into holders’ wallets. RCOF holders will also get to vote in ecosystem governance elections.
Given that this opportunity is limited to a short period, the best time to seize it is now.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
The post RCO Finance starts a new revolution in crypto by merging blockchain and artificial intelligence to create wealth. first appeared on BTC Wires.
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