Blockchain
ITEMVERSE (ITEM) Is Now Available for Trading on LBank Exchange
Internet City, Dubai–(Newsfile Corp. – June 10, 2022) – LBank Exchange, a global digital asset trading platform, has listed ITEMVERSE (ITEM) on June 9, 2022. For all users of LBank Exchange, the ITEM/USDT trading pair is now officially available for trading.
Figure 1
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Combining SIEGEANDUNITE’s rich blockchain experience and crypto tokens with Andromeda Games’ success title and attractive new games, ITEMVERSE (ITEM) aims to deliver profitable GameFi that keeps users entertained. Its native token ITEM has been listed on LBank Exchange at 18:00 (UTC+8) on June 9, 2022, to further expand its global reach and help it achieve its vision.
Introducing ITEMVERSE
To solve the problems facing the digital content industry such as high platform fees, lack of digital asset sovereignty, huge advertising and marketing costs, etc., ITEMVERSE is created as a solution that combines SIEGEANDUNITE’s rich blockchain experience and crypto tokens with Andromeda Games’ success title and attractive new games, delivering profitable GameFi that keeps user entertained.
ITEMVERSE is developing its own NFT market, Play-to-Earn (P2E) games, DEX, NFT soft wallet and hard wallet, and will maintain game ecosystem by continuously updating games for 2 years. There will be various mixes of games including RPGs, sports, etc., and ITEMVERSE will add games through DAO proposals and votes in the future. With separate coins for each game and various NFT item updates, ITEMVERSE continues to provide users with profit-seeking opportunities in addition to the fun of the game.
The team of ITEMVERSE is building a GameFi ecosystem with production staff who have been making games for more than 20 years and coin experts who have created communities since the beginning of the blockchain, and it will provide games, markets, and services that will make big profits by discovering game models that can make profits through tokens and NFTs.
About ITEM Token
ITEM is the main native token of ITEMVERSE, used for direct investment in GameFi, NFT purchases and transactions. It can also be used for governance such as DAO proposes and votes on platform development and direction. Users can participate in staking and yield farming to earn interest.
Based on BEP-20, ITEM has a total supply of 5 billion (i.e. 5,000,000,000) tokens, of which 10% is provided for private sale, 2% is provided for public sale, 18% is provided for P2E, 20% is provided for staking and yield farming, 30% is allocated to the team and advisor, 5% will be used for marketing, and the rest 15% is reserved by foundation for further activities in the future, including communities, development and marketing.
The ITEM token has been listed on LBank Exchange at 28:00 (UTC+8) on June 9, 2022, investors who are interested in ITEMVERSE investment can easily buy and sell it on LBank Exchange right now. The listing of ITEM token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about ITEM Token:
Official Website: https://itemverse.io/en_index.php
Twitter: https://www.twitter.com/itemverse_game
Medium: https://medium.com/@itemVerseOfficial/
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from now more than 210 regions around the world.
Start Trading Now: lbank.info
Community & Social Media:
l Telegram
l Twitter
l Facebook
l LinkedIn
l Instagram
l YouTube
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127104
Blockchain
P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem
Last year, P2 Ventures emerged as a distinct entity from Polygon Labs, with a focus on blockchain investments. Now, it’s earmarking funds and providing mentorship to bolster project founders, particularly those concentrated on the Polygon blockchain ecosystem. A contributor from Hadron FC remarked that the community offered the perfect blend of “capital and vibes.”
P2 Ventures, a venture capital firm with a blockchain emphasis, was established late last year as a separate entity from developer Polygon Labs. It has pledged $50 million to support startup founders, potentially igniting fresh initiatives within the Polygon ecosystem.
The investment from P2 Ventures will be channeled to founders via Hadron FC, a program tailored for founders with hubs in Dubai and New York, according to a press release. This program encompasses mentorship, legal and regulatory guidance, networking opportunities, and “comprehensive assistance in navigating the complexities of startup development and fundraising,” the release stated. Among the initial 36 projects onboarded, several participated in a week of collaborative efforts at the Dubai facility. Shreyansh Singh, head of investments at P2 Ventures, expressed confidence in Hadron Club’s unparalleled capacity to nurture the aspirations of forward-thinking founders within the Polygon ecosystem.
Ajit Tripathi, a core contributor at Hadron FC, noted that the community provided the ideal mix of “support, capital, and ambiance.”
Initially part of Polygon Labs, the principal developer of various Polygon layer-2 networks built on Ethereum, P2 Ventures transitioned into an independent unit with its own 10-person team late last year, rebranding itself as P2 Ventures.
Source: coindesk.com
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Blockchain
Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m
Blockchain investigator ZachXBT uncovered the purported perpetrator behind the PrismaFi breach, which resulted in the protocol losing $11.1 million worth of cryptocurrency. Through a series of posts, ZachXBT disclosed that the individual behind the attack, identified as 0x77 (or Trung), may be connected to several other breaches.
The Prisma team initially detected a sequence of transactions on the MigrateTroveZap contract in March, ultimately resulting in a loss of 3,257 ETH (equivalent to $11.1 million at the time). Initially, the attacker communicated with the Prisma deployer, claiming the attack was a white-hat initiative. However, all funds were subsequently transferred to Tornado Cash, a sanctioned cryptocurrency mixer.
The attacker then made audacious demands, including a $3.8 million (34%) white-hat bounty, significantly higher than the industry standard of 10%, as noted by ZachXBT, who highlighted that this demand was essentially extortion, given the insufficient assets in the treasury to reimburse users.
Further investigation revealed that the attacker’s address received funds via FixedFloat and was subsequently traced to Arbitrum, a layer-2 solution on Ethereum. By analyzing timing, ZachXBT determined that the attacker’s address was linked to withdrawals on TRON, including those from the Bybit cryptocurrency exchange.
The investigation also unveiled connections to prior breaches, such as the Arcade_xyz breach from March 2023 and the Pine Protocol breach from February of the current year. The attacker, utilizing the alias 0x77 on Telegram, remained active and had ties to the deployer of @modulusprotocol, further solidifying the connection between each incident.
Furthermore, the investigator disclosed conducting an analysis of the attacker’s personal information, including phone numbers and emails, which indicated a proficient technical background. All collected personal data has been forwarded to the Prisma team, who are pursuing legal action against the hacker in Vietnam and Australia, ZachXBT added.
Source: crypto.news
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Blockchain
Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai
During a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou emphasized the preparedness and sophistication of contemporary cryptocurrency exchanges (CEXs). Zhou, who co-founded Bybit in 2018, now stands at the helm of one of the world’s top three exchanges by trading volume.
At the event, Zhou shed light on various facets that underscore the current era of crypto maturity. “From Bybit’s standpoint, this ongoing bull market has been primarily propelled by institutional involvement… Our collaboration with third-party custodians like Copper and Fireblocks led to a 186% increase in institutional capital flows last year,” Zhou noted. He highlighted the pivotal role of enhanced infrastructure and the approval of Bitcoin spot ETFs in facilitating institutional participation in the crypto market.
Zhou has overseen meticulous upgrades to Bybit since the previous crypto bull run in 2021, enabling institutional investors to deploy larger capital pools. “Bybit boasts a highly versatile trading system that accommodates trading of any token against any other,” Zhou remarked during his live address on the main stage. “This affords our institutional clients a plethora of tools, enabling them to engage in spread trades, arbitrage funding rates, and various sophisticated trading strategies. This capability has facilitated the influx of new capital into the crypto space.”
Furthermore, Zhou highlighted the evolution of service reliability amidst market volatility. “Our risk management and system resilience have undergone continuous enhancements,” he affirmed. “Even during turbulent market conditions, Bybit maintains its stability.” This stability serves as a testament to the advanced infrastructure supporting both institutional investors and the exchange’s 25 million retail users.
Zhou also emphasized Bybit’s efforts to empower retail clients with access to products that simplify sophisticated trading strategies. “We offer a unique product known as perpetual protect, which utilizes options contracts to safeguard perpetual positions from losses,” Zhou explained. “Additionally, our advanced Unified Trading Account (UTA) design provides traders with a competitive edge in the market.” These initiatives aim to demystify derivatives and options, making complex financial instruments more accessible and comprehensible to a broader audience.
As the crypto market continues to mature, Bybit remains at the forefront, spearheading innovations that align with evolving market trends and regulatory standards. This proactive stance not only signifies a significant milestone for Bybit but also underscores the overall advancement of the crypto exchange industry.
Source: prnewswire.com
The post Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai appeared first on HIPTHER Alerts.
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