Vienna, Austria, 2nd November, 2022, Chainwire
Riddle&Code, one of Austriaโs fastest-growing startups, has established a new path of digitalization for industrial companies with its evolved purpose – onboarding industries to Web3. For many industrial companies it is challenging to transition into the new standards and find their way in the Web3 universe, often delaying entry into new potential business models. With this new technology from Riddle&Code, it is possible to tokenize industrial machines, create new crowdfunding opportunities, and provide trusted data.
To meet this ambitious purpose, the company has now launched programs to help enterprises and trailblazing developers alike capitalize on their own innovation. Called HW-03 Enterprise and HW-03 Community, the two programs from Riddle&Code focus on hardware wallet adoption that will accelerate not only Web3 knowledge but also create new business opportunities for a sustainable future.
Not every blockchain is suitable
Since its incorporation in 2016, Riddle&Code has been developing blockchain solutions for various industrial sectors, mainly energy production and electric vehicle manufacturing. Working with such companies as Wien Energie, Deutsche Telekom and Daimler Mobility, the team at Riddle&Code knows that not every blockchain has the necessary features to meet the specific needs of each industry. In order to push its clients into the fourth industrial age, Riddle&Code has enabled the launch of the RDDL Network, a blockchain-based protocol tailor-made for security, scalability and decentralisation in the energy systems sector. The HW-03 programs are built around usage of the RDDL Network, and require a physical connection via hardware wallets.
โThe long experience in the field of cryptographic encryption on special hardware has inspired us to find a suitable solution for the industrial sectorโ says Riddle&Code’s founder Tom Fรผrstner, who recently released the whitepaper of the RDDL Network.
The RDDL Network utilizes a unique consensus mechanism called โProof-of-Productivityโ, which makes machines tamper-proof and enables a new kind of trust and traceability for the generated machine data. With a cryptographic hardware wallet connected to a machine, the machine turns into a decentralised identifier on the network โ an Industrial Machine NFT. Therefore, the machine itself becomes a part of the network. In the upcoming years, Riddle&Code anticipates over 50 million machines operating as nodes on the RDDL Network, powering the energy sector of the future.
About Riddle&Code
Riddle&Code is a product-led services company specialising in onboarding industries to Web3. The company is the main driver for a world of interconnected token economies by enabling sustainable, green, and resilient machine industries. Riddle&Code offers various solutions to tailor industry-specific hardware wallets and Software-as-a-Service Products to build on decentralised blockchains, mainly contributing to the RDDL Network blockchain protocol.
More information: www.riddleandcode.com / www.rddl.io
Media contact: Christiane Rinke
Contact
Head of Marketing
Christiane Rinke
Riddle&Code GmbH
[email protected]
Terrorist organisations blocked from the “formal financial system” are circumventing restrictions with cryptocurrencies, Svetlana Martynova, United Nations (UN) Countering Financing of Terrorism Coordinator said in a speech at a recent event.
At the UN Counter-Terrorism Committee’s Special Meeting from 28 to 29 October, the official discussed measures to tackle terrorist financing from “new and emerging technologies.”
She mentioned that using cash were “predominant methods” to finance terrorist activities, adding: โWe know terrorists adapt to the evolution of conditions around them and as technologies evolve they adapt as well.โ Hawala is a system for transferring money in Arab and South Asian nations.
#UNCTCEmergingTech pic.twitter.com/mGzrn2xufB
โ United Nations CTED (@UN_CTED) October 29, 2022
She continued, stating: โIf theyโre excluded from the formal financial system and they want to purchase or invest in something with anonymity, and theyโre advanced for that, theyโre likely to abuse cryptocurrencies.โ
The UN aimed to tackle the issue internationally by persuading nations to adopt resolutions from the bloc’s regulatory body, the UN Security Council, along with measures from the Financial Action Task Force (FATF) she said, adding it was the main challenge.
She criticised some nations for failing to start working on and enforcing regulations for such threats.
Antonio Guterres, UN Secretary-General, echoed Martynova’s comments, explaining that emerging technologies improved the human condition but also had the potential to harm via terrorism financing.
He said: โTerrorists and others posing hateful ideologies are abusing new and emerging technologies to spread disinformation, foment discord, recruit and radicalize, mobilize resources and execute attacks.โ
RAND Corporation and Crypto Terrorism
According to the RAND Corporation, several factors increased the likelihood of terrorist funding via cryptocurrencies, the organisation noted in a 2019 report.
It found that growth in the cryptocurrency market would “require increase reliability and more-widespread usage, leading to greater adoption of crypto financial systems, also in terrorist locations.
It also stated that second-generation cryptocurrencies with “advanced privacy features” could facilitate “more illicit use of these systems.”
Several superpowers such as the United States, China, and the European Union (EU) block bitcoin anonymity on exchanges, but decentralised platforms and countries with fewer or no regulations could create difficulties in tracing transactions.
Concluding, it added increased cryptocurrency use in “complementary and adjacent markets” could reveal growing use for terrorist organisations, including darknet and “illicit drugs and stolen identities” markets.
The Blockchain Association has backed Ripple Labs as the latter continues its legal row with the Securities and Exchange Commission (SEC), it revealed in a recent post.
The Washington, DC-based organisation stated the ongoing case would become significant for the future of cryptocurrency.
The advocacy group stated in its post it would back the US crypto market with an amicus brief (friend of the court) after the SEC hit Ripple with a lawsuit, citing alleged unregistered securities sales via XRP in December 2020.
1/ Today we announced we filed an amicus brief supporting a correct interpretation of Howey in the SECโs two-year legal battle against @Ripple.
โ Blockchain Association (@BlockchainAssn) October 28, 2022
A judge now has the opportunity to issue a substantive opinion on how Howey applies to digital assets.
Here’s what’s at stake๐งต๐งต๐งต
The former and current chief executives of the firm, Christian Larsen and Brad Garlinghouse, respectively, faced litigation in the court case.
Blockchain Association Statement
In the Association’s Twitter thread, it stated: โThis case, which is just one in a long line of SEC efforts to regulate by enforcement, highlights the SECโs efforts to cement and legitimize its overly broad interpretation of the Howey test.”
The US government determines investment contracts and the jurisdiction of its security laws with the Howey test, which the Blockchain Association has stated may have “devastating effects” on crypto.
It added that securities laws could “significantly restrict” cryptocurrency networks from functioning, namely in use cases such as inventory tracking, purchases, intellectual property (IP), and others.
The Association continued that the SEC disregarded precedents from the Supreme Court and Second Circuit, adding: โThough the blockchain industry is global in nature, the federal securities laws are not. The Second Circuit has repeatedly re-emphasized the Supreme Courtโs lesson on this subject.โ
The organisation also warned that the Court should be “mindful of the limits of these securities laws.”
Executive Director Hits Out at SEC
In a statement, Executive Director Kristian Smith said that the SEC’s “broad, haphazard interpretations” of securities laws were the “single greatest threat to the future of this rapidly growing industry.”
She slammed the SEC for targeting crypto via a “regulation by enforcement” pattern, claiming the regulatory body continued its “regulation by enforcement” pattern to punish crypto companies with “little justification or warning.
She added: “The SEC must follow the law, they cannot impose their draconian view on the entire crypto ecosystem through an enforcement action.”
Concluding, Smith said that Ripple’s decision to fight the lawsuit provided an opportunity for the cryptocurrency industry to “push back” against the pattern and “open the door to modernized standards for the industry.”
Argo Blockchain, a company listed on the London Stock Exchange, issued a warning on Monday it may close its business due to a lack of funds.
The company mines cryptocurrencies, but has failed to receive substantial capital from investors, leaving it with a major shortage of funds to continue operations, it announced at the time.
New RNS today contains updates on the strategic actions disclosed on 10/7.
โ Argo (@ArgoBlockchain) October 31, 2022
We no longer expect to close the equity subscription on the terms disclosed and we’re exploring other financing options.
We also sold 3,843 S19J Pro machines for $5.6m.
Full RNS: https://t.co/KthypzXCAT
In its tweet, the company said it had sold 3,843 S19J Pro coin mining machines for $5.6 million.
Despite seeking fresh financing, there was “no assurance” it would sign any definitive agreements or consummate transactions, it said in its notice.
Explaining further, the company said: “Should Argo be unsuccessful in completing any further financing, Argo would become cash flow negative in the near term and would need to curtail or cease operations.”
Additionally, it stated it aimed to complete financing transactions to earn enough “working capital sufficient for its present requirements” up to 12 months from the announcement, it explained.
It added it hoped to raise roughly ยฃ24 million using a subscription service for ordinary shares. Concluding, it explained: โShould Argo be unsuccessful in completing any further financing, Argo would become cash flow negative in the near term and would need to curtail or cease operations.โ
Crypto Crash and Freeway Diversion
The news comes amid a major Bitcoin crash triggered in June, which saw the leading coin plummet to around $17,000 amid a volatile bear market. Following the incident, Argo sold 637 BTC and 887 BTC in June and July, respectively. It became a major seller of self-mined Bitcoins along with several other firms.
The news comes just a day after cryptocurrency platform Freeway halted several of its services amid rising instability in the current crypto market, forcing it to diversify assets to tackle the ongoing fluctuations.
Freeway later suspended its Supercharger simulation purchases amid its restructurings due to the “unprecedented volatility.”
Binance has remained open to unsanctioned Russian nationals following sweeping sanctions from the European Union (EU), a key executive told Cointelegraph on Friday.
Chagri Poyraz, Binance’s recently-appointed global head of sanctions, stated it had blocked several territories involved in the ongoing Ukraine-Russia war such as Donetsk and Luhansk.
Russia is one of Binance’s top ten markets, it noted in 2019.
In his interview, he noted there was “still an active war going on in the region” and that his company would continue to monitor developments with its massive workforce of compliance executives.
Roughly half of its 500 executives work with sanctions control mechanisms such as anti-money laundering and name screening, the report noted. He added Binance had “zero tolerance” for blocked accounts due to targeted sanctions directed at specific people or entities.
What are the Latest Sanctions?
He stated that EU sanctions were the “hardest part” and lacked clarity, namely after the bloc launched its eighth sanctions package. The firm claims it reached “no particular dialogue” with EU regulators.
Speaking further, he said: โWe do obviously follow all the EU sanctions, but there is room for improvement when it comes to clarity. [โฆ] We are trying to follow sanctions as they are. The challenge is not overdoing, doing what youโve been told. The regulation has to be clear.โ
He added the lack of clarity over EU sanctions on Russia was an “industry problem” rather than solely with Binance. The EU’s sweeping restrictions in October ban “all crypto-asset wallet, account, or custody services, irrespective of the amount of the wallet.”
The news comes after platforms like Crypto.com, Blockchain.com, and LocalBitcoins informed users in October they would halt services across Russia after the EU imposed the sanctions.
The EU recently capped Russian crypto investments at 10,000 Euros, but the new regulations now ban “IT consultancy, legal advisory, architecture and engineering services.” Such measures aim to hit Russia’s dependence on importing foreign services amid the ongoing conflict, an EU spokesperson wrote.
Ethereum (ETH) has hit new liquidation highs, revealing the bearish nature of the ongoing cryptocurrency crisis, figures from CryptoQuant revealed this week.
The on-chain analytics platform found that short liquidations in USD had reached $500 million in just two days, shattering the market and leading to significant losses for traders.
Despite this, ETH/USAD climbed from $1,337 to $1,593 on Bitstamp, data from TradingView showed from 25-26 October. Markets were hit with both BTC and ETH shorts, triggering macro lows across platforms.
1) Total Liquidations
โ BlackSwan DAO (@DAOblackswan) October 26, 2022
The number of liquidations of Short and long BTC positions jumped to 550M dollars in the last 24 hours.
If we add other coins to Bitcoin, then in total over 1.1 billion positions were liquidated in 24 hours! ๐ฅ#Bitcoin #volatility #Liquidation #crypto pic.twitter.com/T0uc3jFxvw
Figures show that liquidations erased $275 million and $250 million USD on the 25 and 26, respectively, wiping out over half a billion in positions by the week’s end.
CryptoQuant Chief Executive Ki Young Ju said in a statement: โ$ETH short squeezes for the last two consecutive days. Daily short liquidations across all exchanges reached an all-time high.”
The news comes after exchange platform FTX noted the event was the single largest liquidation in its history. Binance followed shortly after with $57.58 million and OKX reported a $46.72 million change.
A new report has found that the ongoing cryptocurrency crash has set record lows in average daily aggregate product volumes across digital assets.
CryptoCompare published the findings on Thursday, where it noted that global crypto products had plummeted 34.1 percent in average daily trading volumes in October, or $61.3 million USD.
/2 Despite this, average daily trading volumes of #crypto products fell 34.1% to $61.3mn โ the lowest-ever volume reported (data tracked since June 2020).
โ CryptoCompare (@CryptoCompare) October 27, 2022
Click below for the full Digital Asset Management Review report!https://t.co/s1cgGQTPWM
Currently, Bitcoin (BTC) sits just above $20,000, the benchmark health indicator for the coin following a heavy crash in June that plunged its value to $17,600.
Products featured in the report faced similar declines up to 77.5 percent, indicating a major fall in daily trading. October was one of the worst-performing months for crypto trading since September 2020, where volumes fell below $100 million USD.
Conversely, total assets under management (AUM) climbed 1.76 percent to $22.9 billion USD compared to the month before. AUM for trust products jumped 2.34 percent, or $17.7 billion, with exchange-trade funds (ETF)-linked AUM dropped 1.59 percent at $2.21 billion.
The report also mentioned that Valour’s Bitcoin product remained the highest-traded Ethereum Classic (ETC) despite the ongoing plunge in volumes across the market. Other products such as XBT Provider’s Ether (ETHONE) also recorded heavy losses at 54.7 percent, or $1.38 million, the report found.
London, UK, 31st October, 2022, Chainwire
Cleverminu, a hybrid meme and Inu token, has shared details of its much-anticipated token sale. The public event has seen 1 trillion CLEVERMINU tokens made available to establish a decentralized economy powered by its users. The token sale began on October 27 at 9:00 UTC, supporting price discovery and distributing CLEVERMINU to a global user base.
Part of a decentralized community network, Cleverminuโs native token combines the intricacy of Inu coins with the novelty of meme tokens. This results in a passionate and highly engaged community whose interests are centered around a thriving token-powered economy. Within the Cleverminu ecosystem, users have access to new features the moment they are shipped. These include forthcoming NFT functionality and new token releases.
The CLEVERMINU token sale began with an initial listing price of $0.0000001. The community bought nearly 13% of the total supply (130000000000 CLEVERMINU) in the first round, adding $13,000(130000000000 x $0.0000001) to the liquidity pool. The community then sent 13% of the tokens to a “burning wallet” to increase the scarcity of their tokens and bolster the value.
Another 10% (10000000000 CLEVERMINU) of the total supply was acquired by the community for $0.000001, adding $100,000 (100000000000 x $0.000001) to the liquidity pool, and 10% of the tokens were delivered to the burning wallet . To date, 46% of the total supply has been transferred to a burning wallet, stabilizing the token price and liquidity. Now the sale is going on at 0.00009USD and moving upwards.
“what you see today is just the beginning of what will unfold in the coming months.โ
More than one million has been raised in three days and there are over 7,000 CLEVERMINU holders already. The smart contracts powering the Cleverminu ecosystem have been professionally audited by top contract verifiers in the form of HashEx, Quill Audits, Solid Proof, Haze Crypto, Audit Whale, Ethos and George Stamp.
About Cleverminu
CleverMinu is a unique token comprising the best bits of meme coins and inu tokens. It gives holders the power to own and maintain the value of their token. A community-based token, CLEVERMINU is designed to increase every time a purchase is made.
Learn more: www.cleverminu.com
Telegram : https://t.me/Cleverminu
Contact
CEO
Robins jac
cleverminu
[email protected]
Lotterium is the first online lottery developed and operated exclusively in the world ofย cryptocurrencies.ย Lotterium combines colorful slots and familiar online casino visuals, but under the bonnet lies solidย lottery mechanicsย and a fixed RTP of 95%, which is equally high for all games.ย Lotteriumย is not just having lots of fun and trying your luck, but also a way to quickly and legally increase your savings in cryptocurrency. The maximum win in Lotterium is 10 Bitcoins (approx.ย $200,000).
Lotterium: Unique kind of joy
- Lotterium has 30 colorful and exclusive slots of its own make, just to start with, which are created by the best specialists in Las Vegas. You wonโt find these games on any other platforms. This is a Lotterium exclusive. Our best developers came up with dozens of exciting game themes, from treasure hunting and time travel to luxury lifestyle. Our designers and animators created colorful and stylish visuals that will take you to the amazing world of excitement and fun.
- In Lotterium, you can only deposit and withdraw game funds in cryptocurrencies, which limits the circle of players to only an audience that is united in spirit, interests and values. What’s more, you can legally place bets and receive winnings in the crypto-lottery from any device and from almost anywhere in the world. Players are limited only by the regulations that apply to cryptocurrencies in their country of residence, and winnings are not taxed.
Lotterium features
- 30 colorful games of our own design: immerse yourself in the carnival atmosphere of Rio and ancient Rome, or try your luck in the classic games of Keno and Heads or Tails
- Reliable licenced lottery mechanics
- Betting with cryptocurrency: play your way to increase your savings
- Single high RTP of 95% for all games
- Play in any country of the world, legally and without snags (traps)
- Low deposit and withdrawal commissions thanks to native blockchain integration.
How does it work
Lotterium pre-generates a list of codes from games, forming a kind of digital stack of lottery tickets. Each time the user clicks the Play button, they are essentially pulling one lottery ticket from the stack. Whether you pulled out the winning ticket or not, depends only on your luck. The lottery RTP is fixed at 95%, which distinguishes this service from online casinos.
Playing the Lotterium online is simple: just register on the website or download the app.
At the moment, deposits and withdrawals are made in Bitcoin and Tether, but Etherium, Litecoin and many other cryptocurrencies will join the list in the near future.
Funds are credited in any of the accepted cryptocurrencies and are automatically converted into in-game currency – LTU (Lotterium).
Play your way to multiply your crypto-savings with Lotterium, unique kind of joy.
Oct. 31 โย KyberSwapย has integrated Multichain to bring even more ease and accessibility to KyberSwap users. So, you can now bridge your token assets from chain A to chain B in a single transaction.
Formerly known as Anyswap,ย Multichainย is the leader in the cross-chain field, with a rapidly expanding family of 69 chains and 2,000+ bridges to service the needs of different and diverse blockchains.
Each blockchain has its own unique services, its own community and its own development ecosystem. For Web3 to reach the next level for consumers, users need a fast, secure, inexpensive and reliable way to exchange value, data and exercise control between the chains. Multichain aims to meet this need.
*Learn more about Multichainย here
โThis integration takes us a step closer to a reality of making decentralized finance easy and accessible for all with KyberSwap as the only DEX you need to use. Already, users have the best swap rates through KyberSwap. Now, we have eliminated the need for external DApps for bridging and cross-chain swapping,โ
โ Victor Tran, CEO of KyberSwap.
Why bridge assets to another blockchain?
There is a wide, wide world of Web3. Built on blockchain technology, a blockchain can host tokens, decentralized applications (DApps) and data that are immutable and have no central structure of ownership.
But not all blockchains are the same.
For example, some networks have cheaper gas fees, and some DApps are native to one or a select few networks.
How do blockchain bridges work?
A blockchain bridge allows you to transfer your token assets from one blockchain to another.
Typically, the asset that you intend to bridge will be locked up in the bridge, and a wrapped asset will be minted on your destination blockchain.
For example, everyone knows Bitcoin
$20,505 was the first decentralized currency. As the first of its kind, Bitcoin was only available on its own blockchain. Thanks to bridging, BTC now has wrapped versions and can be used on many other chains, such as Ethereum, Polygon, Solana, Cardano, etc.
*Did you know the KyberSwap team is one of the launch partners to create and bring Wrapped Bitcoin (wBTC) to Ethereum? Learn more about it here.
โThe future will be multichain, and bridges will be necessary to enable chains to be connected. We are happy to support KyberSwap as a Web3 infrastructure, giving their users the chance to have cross-chain experiences that are more affordable, swifter, and more secure,โ
โ Multichain co-founder Zhaojun.
KyberSwap is proud to join the Multichain ecosystem and contribute to building a more cohesive, seamless decentralized finance (DeFi).
About Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap, our flagship decentralized exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.
KyberSwap powers 100+ integrated projects and has facilitated over $11 billion worth of transactions for thousands of users since its inception. Currently deployed across 13 chains: Ethereum, BNB Smart Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent, Optimism and ETHPoW.
KyberSwapย |ย Discordย |ย Websiteย |ย Twitterย |ย Forumย |ย Blogย |ย Redditย |ย GitHub|ย KyberSwap Docs