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[PRESS RELEASE – London, United Kingdom, 28th November 2022]
VRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on the 30th of November via exchanges Gate.io and MexC. VRJAM’s and metaverse crypto-coin is currently valued at $US40M and has attracted investment from 15 of the world’s leading web3 focussed VC’s and investors.
VRJAM first came to market with an ‘alpha state’ product in 2019 and then bootstrapped the business for 4 years, producing double-digit growth year after year. The founder’s tenacious approach ultimately grew the business to become a UK market leader for immersive live events, servicing hundreds of premium content creators and brands along the way.
At the start of the month, VRJAM’s public content platform was released after 4 years of development and market validation, download the VRJAM platform app now and dive into the virtual world of 5th Dimension, or create an account on the VRJAM browser application to render a custom avatar and buy VRJAM NFT’s.
VRJAM offers a premium content platform for high quality, immersive live events that’s been built based on years of experience servicing clients like Red Bull, Glastonbury Festival’s Shangri La, Twitch (an Amazon-owned company) and even the UK Government’s Creative Industries Council.
VRJAM’s technology has also caught the attention of blue-chip tech brands including Google (VRJAM is a member of the elite Google Campus startup accelerator) and the world’s biggest game publisher Epic Games (Epic provided funding and financial support to VRJAM through the prestigious Epic Mega Grants program).
The quality of VRJAM’s native currency has been firmly validated by the investments made in the currency to date which total $US2.2M in invested capital, a list of the VCs and investors who’ve backed VRJAM Coin to date include, NGC Ventures, Sky Vision Capital, DWF Labs, EnjFi, Gate.io Ventures, Animal Concerts, AU21, Stablenode, Axia 8, Enjin, Eight Rings Ventures, Panony, TPS Capital and Oracle Investment Group.
VRJAM Coin is somewhat unique in the web3 vertical due to its focus on the consumer use case. VRJAM Coin is also intended to be used by consumers, brands, and content creators to buy and sell products, content and services inside the rich, virtual world built on the VRJAM platform.
This fact means that demand for the coin is magnified by its use by consumers and brands. By way of this extra demand, the token price is somewhat insulated from the storms of the crypto markets, offering investors a safer, more stable opportunity.
The VRJAM platform offers a wide array of use cases for its cryptocurrency including buying and selling tickets, avatars, backstage passes, premium content and virtual real estate. VRJAM’s virtual real estate model is also unique and offers a smart alternative to the traditional ‘metaverse land’ investment modelo, find out more about this on the VRJAM website.
However the most important part, of the consumer use case that VRJAM Coin addresses, is how consumer conversion from Web2 to Web3 happens.
VRJAM’s user acquisition strategy relies on collaboration with global brands and content creators, whereby consumer audiences are offered free access to magical experiences on the VRJAM platform. By cooperating with top creators and brands to offer premium content fans can’t get anywhere else, VRJAM gains access to a powerful user acquisition strategy that turns the consumer audiences into account owners and coin holders on the VRJAM platform.
A few brands and creators VRJAM already works with to activate live events and content on the platform are Animal Concerts, Polygon Studios, Snoop Dogg, Billy Ray Cyrus & Avilla Brothers ‘Hardworking Man’ metaverse project, Roger Sanchez, Umek, DJ Craze, Jay Worra and Stanton Warriors.
This strategy is enhanced and accelerated by VRJAM’s play-to-earn rewards program, whereby over $US20M in cryptocurrency will be distributed as consumer rewards and incentives to drive adoption of VRAM’s technology.
On the 30th of November, a number of key events will combine to create a successful market entry for VRJAM Coin including; the activation of VRJAM’s NFT marketplace via the offering of a range of super rare NFTs from top-tier music artists. The launch of VRJAM’s native.staking pools including farming pools and traditional, time-locked pools to give the VRJAM community opportunities to grow their investment and the launch of VRJAM Coin on 2 of the world’s leading crypto exchanges, MexC and Gate.io.
The VRJAM Coin initial DEX offering is live now on 3 of the world’s leading IDO launchpads, Trustpad, Kommunitas and Erax. Head to one of VRJAM’s IDO launchpads to invest and join the VRJAM Community
About VRJAM
VRJAM is an award-winning real-time platform for premium virtual events and immersive social gaming.
The VRJAM platform empowers creators and brands to offer fans inspiring immersive experiences that redefine fan engagement within the Web3 environment. Over the last 3 years, the platform has empowered some of the world’s leading brands and artists to redefine fan experience in digital space including Carl Cox, Ultra Records, Twitch, Red Bull, and Fatboy Slim to name a few.
The post VRJAM Announces The IEO of its Metaverse Currency, Vrjam Coin appeared first on CryptoPotato.

[PRESS RELEASE &#8211; London, United Kingdom, 28th November 2022] VRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on the 30th of November via exchanges Gate.io and MexC. VRJAM’s and metaverse crypto-coin i...

cryptopotato.com

VRJAM Announces The IEO of its Metaverse Currency, Vrjam Coin

With its partial autonomy, the island city of Hong Kong has traditionally served as a gate to China, but with crypto, there is a catch.  

cointelegraph.com

Could Hong Kong really become China’s proxy in crypto?  

On Nov. 14, cronos rebounded, as Crypto.com CEO Kris Marszalek held an “Ask me Anything” (AMA) session, while speculation grew on the company’s level of solvency. The concerns came after it was revealed that a transfer of $400 million was made to gate.io in recent weeks. Polygon also surged on Monday, as prices attempted to break out of a key resistance level. 
Cronos (CRO)
Cronos (CRO) rebounded on Monday, as markets responded to Crypto.com CEO Kris Marszalek’s comments on recent speculation surrounding the company’s health.
Following a low of $0.05629, CRO/USD rallied to an intraday high of $0.07459 earlier in today’s session.
The surge comes as Marszalek admitted that, “Trust was damaged, if not lost, and we need to focus on rebuilding trust.”

Looking at the chart, today’s move saw CRO rebound from an all-time low, and as of writing the asset is trading nearly 8% higher, at $0.07051.
In addition to this, the 14-day relative strength index (RSI), is currently tracking at 32.99, which is below a ceiling of 36.20.
Overall, CRO is down by 42% from the same point last week.

Polygon (MATIC)
Polygon (MATIC) was another notable gainer on Monday, as the token attempted to reenter the $1.00 region.
MATIC/USD surged to a peak of $0.9573, which comes less than a day after hitting a low of $0.8412.
Today’s rebound in price saw MATIC briefly breakout of a resistance level of $0.95, however it has since slipped below this point.

As can be seen from the chart, prices have somewhat stuttered, as the RSI neared a collision with a ceiling of its own.
The index is currently tracking at 48.07, which is marginally below the aforementioned resistance of 49.00.
Should MATIC bulls intend to take the token back above $1.00, price strength will first need to move beyond this 49.00 point.
Register your email here to get weekly price analysis updates sent to your inbox:
Could we see polygon move back above $1.00 in the coming days? Let us know your thoughts in the comments.


On Nov. 14, cronos rebounded, as Crypto.com CEO Kris Marszalek held an “Ask me Anything&#8221; (AMA) session, while speculation grew on the company&#8217;s level of solvency. The concerns came after it was revealed that a transfer of $400 million was made to gate.io in recent weeks. Polygon also ...

news.bitcoin.com

Biggest Movers: CRO Rebounds as CEO Kris Marszalek Admits ‘Trust Was Damaged’

FTX’s collapse stirred the cryptocurrency market in a way that not many expected, but there’s some silver lining, however tiny it may seem.
For once, most of the leading exchanges decided to go ahead with their proof-of-reserves and published the majority of their addresses that contained the funds stored on their platforms.

CryptoCom is one of the exchanges that published their addresses, showcasing how much and what cryptocurrencies it stores on behalf of its customers.
However, quickly after the information went public, members of the crypto community discovered a transaction for a whopping 320,000 ETH sent out from one of the exchange’s addresses.
This represented roughly 80% of the ETH stored on CryptoCom.
The company’s CEO, Kris Marszalek, gave an explanation of what happened:

It was supposed to be a move to a new cold storage address, but was sent to a whitelisted external exchange address. We worked with Gate team and the funds were subsequently returned to our cold storage. New process and features were implemented to prevent this from reoccurring.

Despite the explanation, the community is left with a sour taste as to how it is possible to accidentally send a whopping $400 million worth of ETH to an address that was not the designated receiver.
This is not the first time CryptoCom makes a mistake of this kind.
Last year, the exchange accidentally sent $10M to a woman instead of $100. The more alarming thing is that it didn’t discover the mistake for a whopping 7 months.

The post CryptoCom Accidentally Sends $400 Million Worth of ETH To Gate, Funds Recovered Later appeared first on CryptoPotato.

In what seems to be a repeated mistake, CryptoCom has once again sent money accidentally, only to recover it later. 

CryptoCom Accidentally Sends $400 Million Worth of ETH To Gate, Funds Recovered Later

[PR – Majuro, Marshall Islands, 11th November, 2022, Chainwire]
Crypto exchange Gate.io attended TOKEN2049 in London from November 9-10, delivering a keynote to attendees and engaging with partners and industry executives. The event is one of Europe’s most influential crypto events of 2022 and brought together influential leaders and industry experts from around the world.
Gate.io Solution Aims to Connect Blockchain to Everyday Life
Delivered by Daniel Antcliff, Leader of Global Business, the keynote sharing delivered insights about Gate.io’s ecosystem development as well as its transparent approach to safeguarding user assets:

io’s goal is to bridge the gap between blockchain and the real world, bringing crypto to daily life and accelerating the adoption of crypto applications.
io’s Proof of Reserves solution and its unique method of combining certified third-party audits with user-verifiable Merkle Tree data is released as open-source to everyone to access to excel the wide-spread adaptation of transparency to all crypto-users.
An overview of Gate.io’s ecosystem that was built with the goal of connecting blockchain to our daily life, including components such as decentralized tech development (GateChain, NFTs, Apps), startup incubation and VC investment (Gate Labs and Gate Ventures), and more.

Gate.io’s Europe Expansion
Gate.io has been unraveling its global expansion strategy throughout 2022. Its commitment to meeting and exceeding compliance, licensing, and registration requirements in newly entered regions is a part of the firm’s core strategy. In addition, the exchange has been active in the European regions with plans to further its commitments and support the region’s growing crypto adaptation.
In terms of the broader European crypto industry, Gate.io has received licensing and registration and met local compliance laws in several regions as part of its ongoing expansion. Recently in Q3, Gate.io announced it acquired a VFA Class 4 license in Malta and VASP registration in Lithuania, to name a few.
About Gate.io
Established in 2013, Gate.io has nearly a decade of safe and secure operations and an outstanding selection of digital assets, currently at 1500+ cryptocurrencies and 2800+ trading pairs. It offers a wide range of trading products, such as spot, P2P,  margin, leverage, copy trading, and much more.
The post Gate.io Delivers Keynote on its Ecosystem at TOKEN2049 in London appeared first on CryptoPotato.

[PR &#8211; Majuro, Marshall Islands, 11th November, 2022, Chainwire] Crypto exchange Gate.io attended TOKEN2049 in London from November 9-10, delivering a keynote to attendees and engaging with partners and industry executives. The event is one of Europe’s most influential crypto events of 2022 ...

Gate.io Delivers Keynote on its Ecosystem at TOKEN2049 in London

A wallet address linked to the Huobi exchange was found transferring 10,000 ETH to Binance and OKX deposit wallets soon after releasing its asset snapshot.

Huobi and Gate.io under fire for allegedly sharing snapshots using loaned funds


November 10, 2022 – Majuro, Marshall Islands


The cryptocurrency exchange Gate.io has made its Merkle Tree proof of reserves solution open source.

Announced by Gate.io’s founder and CEO Dr. Lin Han today, the exchange hopes other platforms can use its open source solution to increase transparency and industry health and welcomes other exchanges to receive consultancy and advisory support.


In cooperation with leading US firm Armanino LLP, Gate.io was the first to conduct proof of reserves audits in this manner back in 2020. Recently, the pair completed another audit. As outlined in a report from Armanino LLP, Gate.io holds an excess of BTC and ETH reserves at 108% and 104%, respectively.
Gate.io has been vocal about its commitment to enhancing confidence in the market since announcing the new audit this year and hopes that other exchanges will follow suit. Gate.io’s audit solution combines certified third-party assessments with cryptographic Merkle Trees – one of the core components of blockchain technology.
It allows users to openly and independently verify their assets are included in the audit and increases the transparency of users’ balances on exchanges. Following the announcement, it is now open source and publicly available for any exchange to implement.
About Gate.io
Established in 2013, Gate.io has nearly a decade of safe and secure operations and an outstanding selection of digital assets, currently at over 1,500 cryptocurrencies and more than 2,800 trading pairs. It offers a wide range of trading products, such as spot, P2P, margin, leverage, copy trading and much more.
Contact
Dion Guillaume, head of PR and communication at Gate.io
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post Gate.io Announces It Will Make Its Merkle Tree Proof of Reserves Solution Open Source appeared first on The Daily Hodl.


November 10, 2022 – Majuro, Marshall Islands The cryptocurrency exchange Gate.io has made its Merkle Tree proof of reserves solution open source. Announced by Gate.io’s founder and CEO Dr. Lin Han today, the exchange hopes other platforms can use its open source solution to increase transparency ...

dailyhodl.com

Gate.io Announces It Will Make Its Merkle Tree Proof of Reserves Solution Open Source


November 9, 2022 – Majuro, Marshall Islands


The global cryptocurrency exchange Gate.io has proven that it holds 108% of total user BTC assets in its reserves, according to the independent third-party firm Armanino LLP, which released the findings in a report following the completion of a proof-of-reserves assessment.

In addition, the report found that 104% of users’ ETH assets are also accounted for – meaning Gate.io’s BTC and ETH reserves exceed the total amount of user assets.
A unique approach to proof-of-reserves
Crypto exchanges initiate proof-of-reserves attestations to show that users’ asset balances are genuinely held and exist on the exchange.
Although proof-of-reserves has been around for years, Gate.io was the first to conduct them with a high degree of transparency and in a user-verifiable and cryptographic manner.
Gate.io has patented a method that allows users to securely and privately verify their inclusion in the attestation through a cryptographic Merkle Tree – one of the core components of Bitcoin.
Armanino LLP, a leading global accounting, consulting and technology firm, compiles and publishes Gate.io’s asset balance data in the Merkle Tree.
Gate.io takes these extra steps to provide greater security and transparency to its more than 12 million global users. With this method, users can worry less about their assets becoming unavailable in the event of increased withdrawal activity or insolvency.
Why involve a third party
A trusted independent entity is needed to provide confidence and credibility when conducting a proof-of-reserves attestation. In this case, Gate.io enlisted Armanino LLP, one of the top 25 largest independent accounting firms in the United States.
Armanino LLP is a member of the American Institute of Certified Public Accountants and the Center for Audit Quality and is licensed by the California Board of Accountancy.
Putting security above all
Dr. Lin Han, CEO and founder of Gate.io, said,
“Security is our number-one priority, specifically the security of users’ cryptocurrency. We remain committed to putting the safety of users first, and one way we accomplish this is through our proof-of-reserves model.”
The Gate.io cryptocurrency exchange, which provides trading and blockchain-related services to millions worldwide, operates with a ‘security first’ philosophy.
By following up with another proof-of-reserves attestation, Gate.io is showing that it continues to operate safely and transparently, upholding its philosophy.
About Gate.io
Established in 2013, Gate.io has nearly a decade of safe and secure operations and an outstanding selection of digital assets, currently at over 1,500 cryptocurrencies and more than 2,800 trading pairs. It offers a wide range of trading products, such as spot, P2P,  margin, leverage, copy trading and much more.
Contact
Dion Guillaume, head of PR and comms at Gate.io
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post Gate.io Proof-of-Reserves Audit Shows User Asset Reserves Exceed 100% appeared first on The Daily Hodl.


November 9, 2022 – Majuro, Marshall Islands The global cryptocurrency exchange Gate.io has proven that it holds 108% of total user BTC assets in its reserves, according to the independent third-party firm Armanino LLP, which released the findings in a report following the completion of a proof-of...

Gate.io Proof-of-Reserves Audit Shows User Asset Reserves Exceed 100%


October 26, 2022 – Majuro, Marshall Islands


Gate.io, one of the world’s largest and oldest cryptocurrency exchanges, announced the signing of the MoU (Memorandum of Understanding) with the South Korean city of Busan.

The agreement entails the cooperation between Gate.io and the Busan Metropolitan City government to develop blockchain infrastructure jointly in Busan.
Following the agreement, Gate.io will leverage its industry expertise to assist Busan in a variety of ways.

Support the rollout and promotion of the city’s initiative to develop the blockchain industry locally
Assisting in the development, operation and distribution of the city’s stablecoin
Helping to establish and operate the Busan Digital Asset Exchange and ISMS-certified technical platforms, including order-matching and order-routing engines, digital wallets and other relevant solutions
Establishing a blockchain and digital asset-related education center in the city to bolster the local skilled talent pool


Busan was approved as a ‘regulation-free blockchain zone’ by the government of South Korea in 2019. As a result, the city launched an initiative to develop a local blockchain hub and a project to form a digital asset exchange. Gate.io will assist in all areas of the initiative and project.
Dr. Lin Han, CEO and founder of Gate.io, said,
“We are pleased to be collaborating with the city of Busan on a collective journey to forge a true blockchain city that will fuel the local blockchain industry. The city’s robust approach to blockchain technology, combined with our industry expertise, will help solidify the city as a blockchain leader. We are committed to building a thriving digital asset ecosystem that will set an example and further crypto adoption in South Korea and abroad.”
Heong-Joon Park, mayor of Busan, said,
“We are excited to have Gate.io working hand in hand with us to establish the Busan Digital Asset Exchange as a leading digital assets platform set for the global stage. We will establish Busan as a global blockchain and digital finance leader by putting Busan at the forefront of the global blockchain industry.”
Gate.io also plans to grow its South Korean operations beyond Busan to stimulate the blockchain industry’s growth and enhance its services country-wide.
About Gate.io
Established in 2013, Gate.io is one of the oldest, leading cryptocurrency exchanges. Gate.io offers most of the leading digital assets and has over 12 million registered users across the world. It is consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko and has been verified by the BTI (Blockchain Transparency Institute).
Additionally, Gate.io has been given a rating of 4.5 by Forbes Advisor, making it one of the ‘best crypto exchanges’ for 2021. Besides the main exchange, Gate.io also offers other services such as decentralized finance, research and analytics, venture capital investments, wallet services and more.
Contact
Dion Guillaume, head of communications at Gate.io
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post Gate.io Signs MoU Agreement With the City of Busan To Jointly Boost Blockchain Infrastructure appeared first on The Daily Hodl.


October 26, 2022 – Majuro, Marshall Islands Gate.io, one of the world&#8217;s largest and oldest cryptocurrency exchanges, announced the signing of the MoU (Memorandum of Understanding) with the South Korean city of Busan. The agreement entails the cooperation between Gate.io and the Busan Metrop...

Gate.io Signs MoU Agreement With the City of Busan To Jointly Boost Blockchain Infrastructure

A group of hackers exploited the Twitter account of a crypto exchange, Gate io, to promote fraudulent activities. In an attempt to access the users’ wallets, fraudsters posted a fake giveaway of Tether (USDT) through the social media account.
By offering 500,000 USDT in rewards, they tweeted to ask users to connect wallets with a fake website so that they may be able to drain funds. The tweet contains a link to a fake, similar-looking mirror website that develops a connection with the company’s original website. More specifically, hackers change the website name to gate.com from gate.io.
The crypto industry has seen massive growth in mainstream adoption in recent years. So far, hundreds of thousands of institutions and small businesses have partnered with crypto companies for payment services and other purposes. But unfortunately, with all these happenings, cybercriminals have also ramped up their efforts to loot people’s hard-earned money and trap them online.

Fortunately, the company has now regained control of its official Twitter account and removed the advertisement of fake giveaways. Blockchain security firm Pecksheild first notified the hack and prohibited the community from connecting with the website mentioned in the tweet. The security firm, Peckcsheild tweet reads; 
#PeckShieldAlert #Phishing Seems like crypto-exchange Gate[.] io’s verified Twitter account @gate_io was compromised & has been used to share links to fraudulent $USDT GIVEAWAY. gąte[.]com is the phishing site. Thanks @aayushrai11 and @grpolice for the intel.
Bitcoin’s price is currently trading above $19,300. | Source: BTCUSD price chart from TradingView.com
Social Media Accounts’ Hacks To Promote Scams Is On The Rise
It was not the first time that the official Twitter accounts of prominent companies or tech tycoons got compromised. As social media platforms have become the most used channels for big corporations to interact with their community, hackers previously hacked the social accounts of celebrities like Elon Musk, Jeff Bezos, Joe Biden and Bill Gates, among others. 
It is because the users trust the announcements posted by an official Twitter account, and the majority tend to be trapped by criminals. Here we’ll recommend crypto users always double-check the website URL as such types of activities are expected to increase in the future.
Similarly, high-profile figures in the crypto industry also suffered the hack of their social media profiles. For example, Ethereum founder Vitalik Buterin, Ripple CEO Brad Garlinghouse, Cardano creator Charles Hoskinson, and Elon Musk got their social media accounts breached by cybercriminals to run a phishing scam. That is why the Ripple CEO recently raised questions about Twitter’s security: it can’t differentiate between real and fake accounts on the platform. He further urged that criminal activity on the platform has been increasing exponentially.

Brad noted in a tweet starting this month; 
I can’t believe I’m still doing this – @TwitterSupport, it’s embarrassing when you can’t distinguish a real profile from a fake one. Verified scam accounts are now replying to tons of crypto tweets with my image, @VitalikButerin’s or @CZ_Binance’s. (watch it happen to this tweet)
Featured image from Pixabay and chart from TradingView.com


A group of hackers exploited the Twitter account of a crypto exchange, Gate io, to promote fraudulent activities. In an attempt to access the users&#8217; wallets, fraudsters posted a fake giveaway of Tether (USDT) through the social media account. By offering 500,000 USDT in rewards, they tweete...

bitcoinist.com

Fraudsters Hacked Gate.io’s Twitter Account To Run Phishing Scam

Hackers are once again taking advantage of social networks to do their thing. This time, they compromised the official Twitter account of a popular crypto exchange ecosystem to promote a phishing scam.
Around midnight on October 21, PeckShieldAlert reported that the official Twitter account of Gate.io was hacked to promote a scam simulating a Giveaway of up to 500,000 USDT in rewards.
The fraudulent tweet by Gate.io. Image: Peckshield via Twitter
The tweet posted by the hackers offered a prize of 500 USDT to the first 1,000 winners who claimed the reward by connecting their wallet to a fake phishing page, pretending to be the platform’s official site.
Thanks to the warnings from Peckshield and the community, Gate.io regained control of its account and removed the malicious advertisement. The number of victims who were defrauded, however, is unknown.

#PeckShieldAlert #Phishing Seems like crypto-exchange Gate[.]io’s verified Twitter account @gate_io was compromised & has been used to share links to fraudulent $USDT GIVEAWAY.
gąte[.]com is the phishing site.
Thanks @aayushrai11 and @grpolice for the intel pic.twitter.com/cpZ6CgAADm
— PeckShieldAlert (@PeckShieldAlert) October 22, 2022
The Rise of Phishing Attacks and Crypto Scams
Phishing scams promoting cryptocurrency giveaways claimed multiple victims in 2020, when the accounts of several celebrities such as Bill Gates, Jeff Bezos, Elon Musk, Kanye West, Barack Obama, and Joe Biden were hacked, raising doubts about Twitter’s security policies and its ability to detect hackers. A young man who used the breach to get some free crypto was responsible for the controversial hack.
Celebrities in the crypto world have been no strangers to hackers either. From Ethereum creator Vitalik Buterin Cardano founder Charles Hoskinson to Ripple CEO Brad Garlinghouse, many big names have been used as bait for crypto scams. Recently, Ripple’s CEO complained that Twitter’s AI still couldn’t differentiate between real accounts and the scam accounts that have been increasing exponentially on the platform.

I can’t believe I’m still doing this – @TwitterSupport, it’s embarrassing when you can’t distinguish a real profile from a fake one. Verified scam accounts are now replying to tons of crypto tweets with my image, @VitalikButerin’s or @CZ_Binance’s. (watch it happen to this tweet) pic.twitter.com/wx9LzR75YR
— Brad Garlinghouse (@bgarlinghouse) October 3, 2022
According to the latest Interpol report on the matter, the vast majority of the 195 countries that are part of the organization expect this type of activity to increase further in the coming years, which is why they have created a special unit to combat this type of cybercrime internationally.
Another Hack During The Week: Olympus DAO
Phishing scams have increased but so have white hat hackers, who, over the past few months, have taken it upon themselves to report flaws in smart contract projects to collect the rewards offered.
For example, yesterday, a hacker stole nearly $300k in OHM tokens from OlympusDAO but decided to return them a couple of hours later.

It seems the related @OlympusDAO‘s BondFixedExpiryTeller contract has a redeem() function that does not properly validate the input, resulting in ~$292K loss. https://t.co/dkhC5Ex9sz https://t.co/ikidpLyBga pic.twitter.com/wu5tUrepS6
— PeckShield Inc. (@peckshield) October 21, 2022
The hacker could have obtained up to a maximum of 3.3 million dollars if he had reported the code flaw. Since January 2022, the DAO has offered that amount as a reward to those who detect errors that can cause millionaire losses of funds.
The post Hackers Compromise the Twitter Account of GateIO to Promote a Phishing Scam appeared first on CryptoPotato.

Gate.io had its Twitter account compromised by a group of hackers that promoted a phishing scam. But the attack didn't last long.

Hackers Compromise the Twitter Account of GateIO to Promote a Phishing Scam

  PUML Better Health announced today that they will be launching on Bybit, KuCoin, Gate.io, BullPerks, and GamesPad for their TGE of PUMLx. PUMLx is the utility token of the PUML Better Health platform and will start spot trading on the 7th of October 2022 at 12 pm UTC time.
ByBit will be offering a LaunchPad – Bybit Announcement | PUMLX on Bybit
KuCoin will be offering a Burning Drop – PUMLx (PUMLX) Is Available on BurningDrop
Gate.io will be launching PUMLx as a Startup – PUMLx-Startup-Gate.io
BullPerks will be offering an IDO – https://bullperks.com/project/pumlx/
GamesPad will be offering an IDO – PUMLx IDO Launching On GamesPad
PUML Better Health rewards users with their in-game PUML token for completing healthy challenges and habits such as sleep, meditation, and steps. PUML coins can be used to purchase rewards within the in-app marketplace or burn to receive ERC20 $PUMLx cryptocurrency. The new token can be used for staking rewards, swapping assets, and other unique utilities – including purchasing their WearX NFT collection, which unlocks further in-app gameplay. The collection will provide users with different utilities such as staking, access to unique challenges and boosts to Move-to-Earn rewards.
Bybit Launchpad 2.0 is a freshly revamped platform connecting users with some of the most sought-after tokens in the space. Bybit users can commit BitDAO (BIT) to subscribe to token allocations or participate in Launchpad 2.0’s new lottery model, where users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens. Bybit is partnered with the impressive Formula One Racing Team and Oracle Red Bull Racing.
KuCoin is one of the top cryptocurrency exchanges that offer the ability to buy, sell and trade crypto assets. With Kucoin continuously reaching new milestones and having over 10 million registered users, they enabled Kucoin Burning Drops. Burndrops enable users to stake KCS, USDT, or ETH to mine other cryptocurrency tokens. During the Burning Acceleration Period, users who have already staked can enjoy more PUMLX rewards by burning POL.
Gate.io is a highly established cryptocurrency exchange for experienced traders who are looking to buy unfamiliar cryptos. Gate.io recently launched its “Startup Project Free Airdrop Program” where users are rewarded with free airdrops for excellent blockchain projects. Gate.io has over 1,300 cryptos available and also offers leading trading features such as margin trading in a selection of countries.
Bullperks is known as one of the most reliable and community-dedicated launchpads. They unleash the power of the blockchain and a decentralized venture fundraising model to offer tremendous opportunities to everyone willing to invest in the best crypto projects on equal terms with VCs. Committed to protecting users, Bullperks performs rigorous due diligence on all projects to bring only the highest quality deals to the table.
GamesPad is an all-inclusive platform that brings together a multichain launchpad, decentralized VC, game incubator, NFT aggregator and marketplace, and more. The key feature important to the launch of $PUMLx is the multichain launchpad, which will be offering an IDO for the project.
About PUML Better Health
PUML Better Health is one of the original Web 3, Move-to-Earn, Fitness, and Wellness companies from the Gold Coast, Australia.
PUML specializes in the Move-To-Earn industry, where users can get rewarded with their cryptocurrency token $PUMLx on the Ethereum and Polygon networks for completing health challenges such as steps and meditation.
PUML successfully launched Move-to-Earn for Corporates in 2021 by signing with major corporations such as Singapore and Malaysia’s Western Union, Deloitte, LVMH, and many more, generating substantial revenue and growth.
 
 
 
 


  PUML Better Health announced today that they will be launching on Bybit, KuCoin, Gate.io, BullPerks, and GamesPad for their TGE of PUMLx. PUMLx is the utility token of the PUML Better Health platform and will start spot trading on the 7th of October 2022 at 12 pm UTC time. ByBit will be offerin...

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PUMLx Launches on ByBit, KuCoin, Gate.io, BullPerks, and GamesPad to take Move to Earn to the Next Level

Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, which will list on global crypto exchanges Huobi Global and Gate.io from October 5th.
Huobi Global and Gate.io announced on September 30th that FDT would be listed, and trade would begin on October 5th. Frutti Dino’s listing on the two exchanges represents an extremely significant step toward international recognition.
Developed based on BEP-20, FDT (Frutti Dino Token) is the governance token of Frutti Dino, one of the most anticipated NFT Play-to-Earn games of 2023. A lot of effort is being put into preparing for the upcoming launch of Frutti Dino’s main game following the successful completion of its private sales last year and the first and second pre-sales in early 2022.
It is anticipated that Frutti Dino Stories – a social game in the growth simulation genre where users raise Dino characters – will be launched in the fourth quarter of this year. As for Frutti Dino, the main game is expected to launch in the first quarter of 2023. The company is anticipating that the official launching of both games will boost the value of their token.
Frutti Dino Stories features “MAP” (Minting after Play), symbolising the paradigm shift in NFT games. Through MAP, players can acquire ownership of in-game characters they have raised through NFT minting and load them into the main game. As a result, the strategy is expected to attract gamers unfamiliar with P2E games to become naturally connected while introducing them to the blockchain and NFT minting services.
Huobi Global, founded in 2013, is one of the world’s leading digital asset exchanges with offices across the globe. In recent months, Huobi Global has obtained an Innovation License from Dubai International Financial Centre (DIFC), enabling it to offer a full range of cryptocurrency exchange products and services in Dubai. Since its founding in 2013, Gate.io has become one of the most renowned cryptocurrency trading platforms. According to Forbes Advisor, it is ranked among the Best Crypto Exchanges for 2021. Based on global liquidity and trading volume, both exchanges are ranked among the top 10 cryptocurrency exchanges by CoinMarketCap.
Monoverse strongly believes that the initial listings of FDT on Huobi Global and Gate.io will be a substantial leap toward the international cryptocurrency scene for the company. 
Monoverse also mentioned discussing further with other major global exchanges after the initial Huobi Global and Gate.io listings. At the same time, the company is also planning to continue its efforts to secure more global partnerships and additional listings to expand its presence in the industry. 

About Frutti Dino
Official Website: https://www.fruttidino.com/
Twitter: https://twitter.com/FruttiDino
Facebook: https://www.facebook.com/FruttiDino
Social media channels: https://linktr.ee/fruttidino
 
 
 

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Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, which will list on global crypto exchanges Huobi Global and Gate.io from October 5th. Huobi Global and Gate.io announced on September 30t...

Frutti Dino’s FDT Token to Be Listed on Huobi Global and Gate․io

[PRESS RELEASE – Majuro, Marshall Islands, 30th September 2022]
October will be a big month on Gate.io following an ongoing mega event featuring huge rewards and discounts for new and existing users. Throughout September, Gate.io launched multiple overlapping events, from zero trading fees to prizes totalling over $1 million, and will continue these events going into October.
Bountiful Activities and Prizes
With a prize pool of over $1,000,000, Gate.io’s Referral Event offers rewards up to $500 or more for each new referral. In addition, the inviter and the invitee are given prizes, with extra bonuses for both when the new user reaches a specific trading volume threshold. In addition, the Influencer Benefits event offers up a chance to win a Tesla Model 3 or iPhone 14 Pro, among other USDT prizes and discounts. Existing and new users can gain entries into the contest by completing tasks, such as referring friends or simply logging in daily. And, for peer-to-peer (P2P) traders, there’s a $25,000 total prize pool up for grabs for users who meet a specific trade volume and complete successful orders on Gate.io’s P2P platform.
Gone With the Fees
While Gate.io is busy handing out rewards, they’ve taken further steps to enhance the trading experience for users. Recently, the exchange announced the removal of trading fees on most trading pairs on the spot, contract, and leveraged token markets, including a massive list of USD pairs. Further, nearly all USD-pegged stablecoins are now tradable on USD pairs without any conversion necessary.
In a recent letter to the Gate.io community, the CEO and Founder of Gate.io, Dr. Lin Han, said, “Over the last 9 years, millions of users across the world have chosen Gate.io as their platform of choice to invest in crypto and we felt the need to give back to our community.” As crypto users continue to navigate the choppy crypto market waters, one of the world’s largest and oldest exchanges is taking steps to improve the crypto journey for millions globally. So regardless of where the market goes as October rolls in, they’ll for sure have something to look forward to on Gate.io.
About Gate.io
Established in 2013, Gate.io is one of the oldest, leading cryptocurrency exchanges. Gate.io offers most of the leading digital assets and has over 10 million registered users across the world. It is consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko and has been verified by the Blockchain Transparency Institute (BTI). Additionally, Gate.io has been given a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. Besides the main exchange, Gate.io also offers other services such as decentralized finance, research and analytics, venture capital investments, wallet services, and more.
The post Gate Io Launches October Mega Event With Zero Fees and $1M in Prizes appeared first on CryptoPotato.

[PRESS RELEASE &#8211; Majuro, Marshall Islands, 30th September 2022] October will be a big month on Gate.io following an ongoing mega event featuring huge rewards and discounts for new and existing users. Throughout September, Gate.io launched multiple overlapping events, from zero trading fees ...

Gate Io Launches October Mega Event With Zero Fees and $1M in Prizes

[PRESS RELEASE – Singapore, Singapore, 26th September 2022]
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, today announces the listing of its DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges. This is a major step in DeFiChain’s mission to make DFI accessible to investors worldwide.
Gate.io is one of the world’s biggest exchanges and supports the most cryptocurrencies of any exchange. The DFI token (ERC-20 version) will start trading on Gate.io at 10am UTC on September 26th. Initially, it will trade against USDT, though Gate.io could bring a DFI-BTC pair as well in the near future. The native version of DFI will become available on the platform in late October.
Buying the token on Gate.io will enable users to transfer DFI to any compatible wallet the user wants. It gives users access to the entire DeFiChain ecosystem including decentralized stock tokens. The DFI token is also available for trading on Huobi, Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue and Hotbit. Each additional listing makes it easier for investors to enter the world of native decentralized finance on DeFiChain.
“We are extremely happy that the DFI token can now be traded on Gate.io and more and more people are able to access the no. 1 DeFi blockchain on Bitcoin.” said Benjamin Rauch, VP Marketing DeFiChain Accelerator.
The DFI token opens up the world to the DeFiChain ecosystem. It is at the core of all activities on the DeFiChain blockchain, including:

Providing liquidity in multiple pools
Staking for blockchain consensus and security
As collateral to mint or borrow stock tokens and the dUSD stablecoin
As a reward token
As the governance token of DeFiChain

As the only blockchain to offer decentralized assets on the Bitcoin network, DeFiChain offers users flexibility and benefits of decentralization. Users can mint and trade dTokens to get price exposure to stocks and ETFs without leaving the DeFi ecosystem. They can also buy dTokens – even in fractional pieces – on the DeFiChain DEX.
DeFiChain is a fully decentralized blockchain with on-chain governance. Since its mainnet launch in May 2020, the project has seen an enthusiastic involvement from the community in almost all aspects of the blockchain, from masternodes, projects, tools, governance, economic ideas, to code governance. Its codebase has been developed in an open source manner, and widely peer-reviewed and discussed by many.
About DeFiChain
DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem.
The post DeFiChain’s DFI Token Starts Trading on the Gate Io Exchange appeared first on CryptoPotato.

[PRESS RELEASE &#8211; Singapore, Singapore, 26th September 2022] DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, today announces the listing of its DFI token on Gate.io, one of the world’s leadi...

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