Blockchain
The TRON Grand Hackathon 2022 Announces First List of New Partners Joining the Permanent Judging Panel for Season 2
Geneva, Switzerland–(Newsfile Corp. – June 17, 2022) – TRON DAO and BitTorrent Chain (BTTC) are thrilled to announce Mirana, Binance Custody, FalconX, Bittrex Global, APENFT Marketplace, Voxels, Tacen, Ankr, Velas, SwissBorg Ventures, and the lead author of the ERC-721 Standard, William Entriken, as partners and judges for the TRON Grand Hackathon 2022, Season 2. They will be joining the permanent judging panel alongside the event’s highly esteemed partners from Season 1.
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The partners will serve on the distinguished panel as judges for the Hackathon Season 2 projects built on TRON or BTTC. In addition, each of the partners may consider individual grants for projects that display growth potential. Winning projects may have the chance to work with the Company’s partners on potential future listings and may be invited to integrate with some of their blockchains.
Meet the Partners and Judges
Mirana
Sean Tan is the Head of Asset Management at Mirana Asset Management, a venture, trading, and asset management firm which currently manages one of the largest proprietary digital asset portfolios globally. Previously, he was a Portfolio Manager at Tower Research Capital and contributed to its high-frequency cryptocurrency trading business.
Binance Custody
Cathy Yu, Head of Binance Custody, is also joining the judging panel. Binance Custody is an institutional-grade custody platform, regulated, insured, and integrated with the Binance ecosystem, all backed by an advanced and proven security structure. Cathy has extensive experience in the banking industry; she previously specialized in cross-border payments and global OTC trading. She has been leveraging her traditional finance background to serve the crypto industry since 2017.
FalconX
David Streltsoff, Senior Sales Executive is representing FalconX on the panel for Season 2. FalconX is a reliable Institutional Crypto Trading Platform built for financial institutions. Restructuring business processes and pioneering sales/marketing strategies are Davids’s core areas of expertise. As a seasoned sales/business development leader, he carries a solid history of building and leading teams, overachieving quota, re-establishing business vision, and tapping into new markets.
Bittrex Global
Chris Sinkey from Bittrex Global is the Listing Director and Chief Business Officer. Bittrex Global operates as a US-based blockchain digital asset trading platform designed for customers who demand lightning-fast trade execution, dependable digital wallets, and industry-leading security practices.
APENFT Marketplace
Sydney Xiong, the Director of APENFT Foundation, will also be joining the panel. APENFT Marketplace is a multichain NFT trading platform built on BSC, TRON, and Ethereum layer-1 protocols with BTFS decentralized storage and made interoperable via BitTorrent Chain. They are also the official supporter of the NFT track for the Season 2 of The TRON Grand Hackathon. In addition to managing art collections of APENFT, Sydney initiated the “Second Life” Art Dream Fund and APENFT GameFi Hackathon, curated Digital Wanderlust NFT shows, led the team to make investments in more than 20 NFT and metaverse projects, and recently launched APENFT Marketplace.
Voxels
Charles Karpati, a Software Developer for the Voxels metaverse is representing Cryptooxels, a virtual world, and metaverse powered by the Ethereum blockchain. In his current role, Charles helps create new features for landowners to build their properties with, addresses bugs, steadily improves the user interface, and serves as a point of communication between the team and user base.
Tacen
Clarence Liu, the Co-Founder and Chief Strategy Officer of Tacen, one of the leaders in crypto compliance, is also joining the illustrious panel. As a technical expert in blockchain with over five years of experience on the road advocating for blockchain adoption, Clarence continues to push the frontiers of blockchain technology and governance at Tacen.
Ankr
Also on the panel is Gregory Gopman, CMO at Ankr, a decentralized Web3 infrastructure provider that helps developers, decentralized applications, and stakers interact easily with an array of blockchains. Gregory is also the CEO at Mewn Marketing and co-Founder of Akash Network. He has spent 15 years in startups, 10 years in Silicon Valley, and five years in Web3.
Velas
Farhad Shagulyamov, CEO of Velas, a next-generation blockchain ecosystem project that implements an AI-powered Delegated Proof-of-Stake (AIDPOS) consensus mechanism for improved scalability, high security, and interoperability. Farhad’s path to the blockchain niche started in 2016 when he became a cryptocurrency investor and started a technology company in China. This invaluable experience allowed him to make a considerable contribution to developing the idea of Velas and establishing the project.
SwissBorg
SwissBorg Ventures takes a vertical-agnostic approach to investing on behalf of SwissBorg in the most promising early-stage blockchain projects. They focus on empowering founders with the capital and expertise to build and scale the next generation of Web3 applications.
The event also welcomes José Fernando Pereira, an Investment Analyst at SwissBorg Ventures with experience in early-stage investments, particularly looking at tokenomics frameworks and their integration into sustainable business models.
ERC721 Standard
Lastly, joining the event is William Entriken, lead author of the ERC-721 Standard, General Manager at Pacific Medical Training, and Advisor at Arianee, Area world.
As part of the Hackathon, the event will be hosting a few of the judges and partners on the Around the Block podcast series, streamed live on the TRON DAO YouTube channel and on DLive Protocol (the truly decentralized live streaming platform).
For eligibility, rules, criteria, and further details, please visit the TRON DAO Forum, TRON.Devpost.com/rules, and TRONDAO.org/hackathon.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2022, it has over 98 million total user accounts on the blockchain, more than 3.3 billion total transactions, and over $8.7 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
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Media Contact
Alexis Schreiber
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128142
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
The post P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem appeared first on HIPTHER Alerts.
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
The post Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m appeared first on HIPTHER Alerts.
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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