#Gnosis Safe Wallet
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This weekend’s episode of "Saturday Night Live" began with a skit poking fun at former President Donald Trump’s recently released, meme-worthy non-fungible token (NFT) collection.
“Seems like a scam and, in many ways, it is,” said James Austin Johnson, who played the 45th President in the show’s cold open.
While the mainstream media has eagerly picked up the story on the collection for its comedic value, the popularity of the Trump Digital Trading Cards has continued to climb since the collection dropped on Thursday, selling out within 24 hours.
According to data from OpenSea, the collection’s trading volume is 6,658 ether (ETH), or about $7.8 million at the time of publishing. Its floor price, which started at $99, has been hovering around 0.3 ETH, or $350.
The collection features 45,000 tokens in the style of baseball cards. In each collectible, Trump wears a different costume linked to rarity elements that allow users to enter a sweepstakes to win prizes like a zoom call with the former President or a cocktail hour at Mar-a-Lago.
In the wake of the project’s apparent success, internet sleuths have dug deep into the project and the parties behind the wallet addresses associated with Trump’s collectibles. Among the nuances and inconsistencies alleged on Twitter: the company that created the collectibles is hoarding a large amount of them; that the project poorly relies on stock imagery; and that most of the buyers opened new wallets without holding any cryptocurrency, sticking them with an NFT and no way to derive any future value from them.
THE STRANGE CASE OF 1,000 NFTS
Over the weekend, Twitter user @NFTherder noticed something strange about a large number of the rarest NFTs in the collection. The user posted a thread explaining the nature of the transaction data of the contracts involved in the mint.
According to data from Polyscan, Polygon’s version of Etherscan, a “Donald Trump Admin” wallet minted 1,000 tokens to a Gnosis Safe Wallet, a multisignature smart contract wallet that requires a handful of users associated with the tokens to approve of any asset movement.
While the Collect Trump Cards site said that 44,000 of the 45,000 tokens created in the initial series would be available for users to mint, it did not specify what would happen to the remaining 1,000 tokens. Where another project might save those assets for a later date to revive demand, data suggests that the administrative wallet holds the remaining minted 1,000 tokens.
After the collapse of Three Arrows Capital, the crypto-hedge fund backed NFT collection “Starry Night” moved its tokens into a Gnosis Safe wallet, along with other valuable assets. It was likely done out of caution to hold the assets in one place to prevent any singular actor from moving these out of the wallet.
The Trump Trading Card site specified that there was a “strict limit of 100 Trump Digital Trading Cards per purchaser/household,” meaning that an individual or a group who did not have to abide by the rules for the general public was able to pick up a large swath of the NFT pool.
In addition, the mystery wallet isn’t full of second-rate NFTs. It minted 26% of the rarest 1-of-1 tokens and 28% of the autographed trading cards, according to NFTherder. These are the most valuable and expensive assets in the collection, respectively comprising 0.4% and 0.16% of the total tokens in the collection.
NFTherder told CoinDesk that not only do the wallet owners have the ability to inflate the price floor of the collection, but they also could have the ability to rig the sweepstakes and alter the competition.
“If this was a 10,000 unit collection about monkeys, the whole discord would be blowing up about how this is a rug and a scam and that the team is holding one fourth of the most rare supply,” said NFTHerder.
THE CURIOUS MARKS AND MAKER OF THE ART
While people have been digging into the wallet addresses and collection sweepstakes, other Twitter users were delving into pop culture digital artist Clark Mitchell and the artwork he created for the collection.
On-Chain TV founder Morgan Sarkissian tweeted an image of one of the collectibles featuring the 45th president in a space suit that seemed to still have a visible watermark from Shutterstock.
She also uncovered an Adobe watermark in another token listed in the collection.
Other Twitter users have found inconsistencies in the artwork, with some of the creative assets used to build the collection apparently taken from stock images or Amazon costumes.
While Mitchell has worked on other projects such as artwork for Disney, Hasbro and Marvel, this isn’t his first NFT project.
Web3 researcher and Twitter user @Valuemancer uncovered that Mitchell also did the artwork for Sylvester Stallone’s SlyGuy NFT collection that never launched, according to the digital collectibles website.
The collection included similar creative assets, such as drawings of the actor paired with exclusive access to events such as the Ultimate Stallone Experience, a dinner hosted by Stallone for token holders.
Mitchell, Sarkissian, @Valuemancer and the SlyGuy NFT collection did not respond to CoinDesk by press time.
THE SHINY NEW WALLETS WITH NO CRYPTO
While NFT collections often attract a wide range of buyers with various stake in the game, Trump’s NFT collection had a large number of buyers that appear to be new to digital collectibles.
According to data from Dune Analytics, of the nearly 12,900 users that minted Trump NFTs, about 9,300 did not hold any cryptocurrency in their wallet for gas fees – the fee all users pay for a transaction on the blockchain. If a holder has no balance of either MATIC or wETH, he is "No Gas" holder. That means he can't list his NFT for sale until he get some balance into his wallet, the Dune dashboard shows.
This means that 72% of buyers were likely purchasing NFTs for the first time.
The total number of tokens held by holders with no gas is 21,420, according to Dune Analytics, which one Twitter user pointed out may be stuck due to the more advanced nature of trading on Polygon.
“It's more like a 20,000 set than 45,000,” said Tyler Warner, staff writer at Lucky Trader on Twitter, citing the data as one of the reasons why the tokens skyrocketed in trading volume.
Warner did not respond to CoinDesk by press time.
In a harsh crypto winter where NFTs are already subject to market vulnerabilities, celebrities releasing successful NFT projects or funding Web3 ventures seems like a promising sign.
However, when the project is executed before fully working its kinks out, it does not serve as a vehicle for mass adoption. Instead, it can onboard a new user base that is not familiar with cryptocurrency or the steps needed to make a sound purchase, analyze blockchain data for irregularities and fund wallet transactions.
As projects like these continue to rise in popularity, it’s important to educate holders, dig into the details and look beyond the hype.
#us politics#news#coindesk#bitcoin#nfts#non fungible tokens#donald trump#Trump Digital Trading Cards#opensea#@NFTherder#twitter#Polyscan#Polygon#Etherscan#Gnosis Safe Wallet#Collect Trump Cards#Morgan Sarkissian#On-Chain TV#Clark Mitchell#copyright infringement#@Valuemancer#sylvester stallone#celebs#SlyGuy NFT#Dune Analytics#gas fees#Tyler Warner#blockchain#Lucky Trader#2022
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anonymous &&. said... curious question what does ren carry in his gnosis hammer space currently? anything to note?
anon, can i just say how delighted i was to get this question? i will take every opportunity to ramble about the silly hat man ... thank you so very much for enabling me. 💖
i like to shitpost about the gnosis realm being some mystical hammerspace filled with miscellaneous garbage, but ren is actually an immensely frugal person. he doesn't like clutter, and he doesn't like keeping unnecessary things. ( if it does not spark joy or otherwise serve a purpose, he wants no part of it. ) everything he keeps hidden away can effectively be sorted into one of three categories — PRACTICAL, ENTERTAIMNENT and SENTIMENTAL VALUE.
practical items include the basic necessities he needs to maintain his wandering lifestyle. think — a sewing kit. a few rolls of bandages. ( not for him. ) his wallet. soap. materials to shine his catalyst. flint and steel to start a fire. various cooking implements — one pot, one pan. a dagger reserved solely for food preparation. a worn cutting board he made himself. chipped plates and bowls, with the utensils to eat from them. he doesn't need food, but he still finds the sensation of taste enjoyable enough that he'll sometimes cook even if he doesn't strictly have to. ( only when he's feeling motivated to, though; most of the time he doesn't bother. ) he'll also cook if he has company, though his reasons why range from maintaining the façade of being human to cooking simply being his weird little love language. if he likes you, he will make you food and nag about taking care of yourself. indirectly. in the most passive aggressive way possible.
i think it's only come up once before, but he also owns a very old, very sturdy iron kettle he uses to boil water for tea. ren has cups to go with it — though i imagine it's a patchwork selection from many different sets. ( he takes whatever he can get. ) he always has his favorite tea on hand, and yes, he does consider it a necessity.
entertainment is mainly reserved for books, because there really isn't much else he can get up to at night. he prefers to settle down somewhere when the sun sets, not out of concern for his safety, but because he thinks it's annoying trying to stomp around in the dark. he also keeps a journal; it's filled with shopping lists and irminsul paranoia induced poetry.
he is constantly accumulating new books and cycling out the old ones as he loses interest. he likes to bargain hunt; haggling is basically a socially acceptable form of arguing.
the final category encompasses items that don't serve a practical use, yet ren still carries them around regardless. depending on the object, he may not even take it out — he's content just knowing that it's there. think letters, gifts. unless stated otherwise, assume everything he was given for his birthday and over the holidays has been tucked away safely in the gnosis realm. his collection of interesting rocks and gemstones. ( notably, what he decides to keep depends more on texture than visual appeal. ) a few pressed flowers, native to various locations around teyvat. every little thing has some story behind it — will he actually share what that story is? unlikely. but they're the treasures he keeps tucked away in place of his literal heart.
#anonymous#𝟎𝟎𝟒 : 𝘵𝘩𝘦𝘺 𝘴𝘢𝘺 𝘺𝘰𝘶 𝘶𝘴𝘦𝘥 𝘵𝘰 𝘣𝘦 𝘴𝘰 𝘬𝘪𝘯𝘥. ◟ hc .◝#( it's funny bc collecting things has always been a character trait of his no matter which scrunkly you look at. )#( the kabukimono also collected rocks & seashells & flowers but he abandoned them as his love for the world crumbled to dust. )#( & scara hid the feather in his funky lil bag )#( he doesn't like clutter but he unconsciously accumulates Stuff )
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Secure Wallet Solutions: Protecting Your Crypto Assets in 2024
In the ever-evolving world of cryptocurrency, the security of your digital assets is paramount. As the number of cyber threats and hacks targeting crypto investors continues to rise, the importance of robust crypto wallet solutions has never been more critical. This blog delves into the essential aspects of secure wallet solutions, providing you with valuable insights on protecting your assets in 2024 and beyond.
Introduction to Secure Wallet Solutions
Crypto wallets are fundamental to managing digital assets, serving as the gateway to your cryptocurrency holdings. In 2024, safeguarding these assets is crucial due to the increasing sophistication of cyber threats. With various types of wallets available, from hot to cold, understanding their security features is key to ensuring your assets remain safe.
Types of Crypto Wallets: Hot vs. Cold Wallets
Hot Wallets: Connected to the internet, hot wallets are convenient for frequent trading and quick access to your funds. However, this convenience comes with higher security risks. Examples include MetaMask, which integrates with decentralized applications, offering ease of use at the expense of vulnerability to online attacks.
Cold Wallets: Cold wallets, on the other hand, provide offline storage, making them ideal for long-term holdings. They offer superior security by keeping your private keys offline. Popular cold wallets include Ledger and Trezor, which are renowned for their robust protection against cyber threats.
Hardware Wallets: The Ultimate Cold Storage Solution
Hardware wallets represent one of the most secure methods for storing crypto assets. By keeping private keys offline, hardware wallets safeguard against malware and phishing attacks. Leading options such as the Ledger Nano S and Trezor provide enhanced security through physical devices that store your keys away from online threats. PrimeTrader offers comprehensive guidance on selecting and using hardware wallets for optimal protection.
Private Key Management: The Key to Security
Private keys are essential for accessing and controlling your crypto funds. Effective private key management involves backing up keys securely, storing them offline, and employing wallet encryption. Risks associated with lost or exposed private keys can be mitigated by using secure seed phrase storage methods and encryption techniques. For detailed advice on private key management, PrimeTrader provides valuable resources.
Multi-Signature Wallets: Enhancing Security with Shared Control
Multi-signature (multisig) wallets add an extra layer of security by requiring multiple private keys to authorize a transaction. This feature is particularly beneficial for businesses, organizations, and high-net-worth individuals seeking enhanced security. Examples include Gnosis Safe and BitGo, which offer robust multisig solutions. Setting up and using these wallets can significantly improve your transaction security. For more on multisig wallets, visit PrimeTrader.
The Role of Encryption and Password Protection
Encrypting wallet files and using strong passwords are crucial for protecting your assets. Encryption prevents unauthorized access to hot and software-based wallets, while strong, unique passwords and two-factor authentication (2FA) add layers of protection. Follow best practices for setting up passwords and utilizing 2FA to secure your wallet access. PrimeTrader offers additional tips on enhancing wallet security through encryption and password protection.
Blockchain Security: Safeguarding Your Assets Beyond the Wallet
Wallet security is closely tied to blockchain security. The technology itself helps prevent unauthorized access to funds, but using trusted networks and securing interactions with decentralized apps (dApps) is essential. Emerging technologies like secure wallet protocols and account abstraction are advancing wallet management security. Stay informed about these developments at PrimeTrader.
Choosing the Right Wallet Solution for Your Needs
Selecting the right wallet involves comparing options based on security, convenience, and use case. Consider factors such as trading frequency, asset amount, and risk tolerance when choosing between hot and cold wallets, hardware and software wallets, or multisig solutions. Combining multiple wallets can enhance security, such as using a hot wallet for daily transactions and a cold wallet for long-term storage. Explore wallet solutions at PrimeTrader.
Best Practices for Securing Your Crypto Wallet
To maintain the security of your crypto wallet:
Regularly update wallet software and firmware.
Avoid public Wi-Fi when accessing your wallet.
Use trusted wallet providers with proven security records.
Monitor wallet activity for unauthorized access or suspicious transactions.
Implementing these best practices can significantly reduce the risk of compromise. For more advice on securing your crypto wallet, visit PrimeTrader.
Future of Secure Wallet Solutions: What to Expect in 2024 and Beyond
The future of wallet security is shaped by emerging trends such as biometric wallets, quantum-resistant cryptography, and AI-powered security features. Innovations like account abstraction wallets and decentralized identity (DID) solutions are set to further secure crypto assets. Stay ahead of the curve with insights on future wallet security developments from PrimeTrader.
Conclusion
In an increasingly complex digital landscape, choosing secure wallet solutions is crucial for protecting your crypto assets. Evaluate your current wallet setup and adopt enhanced security practices. For advanced wallet solutions and comprehensive guidance, explore PrimeTrader, where cutting-edge security measures can help keep your assets safe.
Secure your crypto assets today with the right wallet solutions from PrimeTrader.
#secure wallet#Crypto Asset Management#Crypto Asset Protection#Secure Trading Platform#Blockchain Security
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Krypto-Währungen: Hacker nutzen Blockchain Protokolle
Ein führender Anbieter von Sicherheitslösungen hat eine neue Betrugsmasche mit Krypto-Währungen entdeckt. Cyberkriminelle missbrauchen dafür legitime Blockchain Protokolle, um Geldtransfers von den Wallets der Opfer auf ihre eigenen zu veranlassen. Mit einem Handelsvolumen von über 1,8 Billionen US-Dollar, 350 Millionen Tauschvorgängen und einem Gesamtwert von über 4 Milliarden US-Dollar (Total Value Locked, TVL) ist das Uniswap-Protokoll, welches 2018 an den Start ging, die größte und beliebteste dezentrale Börse für den Tausch von Krypto-währungs-Token auf Ethereum (fünftgrößte Anwendung) und anderen gängigen Blockchains, wie Polygon, Arbitrum und Optimism. Safe.Global ist ähnlich zu einer Smart Contract Wallet und behauptet, 69 Millionen US-Dollar an Transaktionen, 100 Milliarden US-Dollar an gesamtem Vermögenswert und 9,5 Millionen Konten zu handhaben. Zugang durch Phishing-Mails Angriffsmethode: Angreifer nutzen häufig Social-Engineering-Techniken, um Opfer zur Genehmigung von Transaktionen zu bewegen, indem sie Phishing-E-Mails oder -Nachrichten versenden, die scheinbar von vertrauenswürdigen Quellen stammen und die Benutzer ohne deren Wissen zur Erhöhung ihres Token-Guthabens auffordern, indem sie diese Aufforderungen als legitime Aktivitäten tarnen. Bei diesem Cyber-Attacke nutzten die Kriminellen bekannte Marken, wie Uniswap und Safe.Global, um ihre bösartigen Aktivitäten zu verschleiern. Sie nutzten zum Beispiel die Multicall-Aggregationsfunktion in Uniswap, um mehrere betrügerische Transaktionen in einen einzigen Aufruf einzubetten, so dass es für die Benutzer schwierig ist, die betrügerischen Aktivitäten zu erkennen. Mit dieser Taktik konnten die Angreifer Geldtransfers von den Wallets der Opfer auf ihre eigenen Geldbörsen veranlassen. In ähnlicher Weise wird das Gnosis Safe Framework ausgenutzt, indem Proxy-Verträge erstellt werden, die legitim erscheinen und die Benutzer dazu verleiten, die Funktion „Guthaben erhöhen“ zuzulassen. Auf diese Weise kann das Framework dann Tokens der Wallet des Nutzers verwalten. Der Angreifer nutzt dann die Funktion „ExecTransaction“ um mehrere Transaktionen vorzunehmen, kann diese aber zusätzlich in einer Transaktionen zusammenfassen, um seine Tat zu verschleiern. Die Funktion „MultiSend“ führt danach drei „transferForm“-Anfragen durch, wobei der Token namens „Umbrella“ eingebunden wird, wodurch der Hacker die Tokes aus der Wallet des Nutzers stehlen kann. Blockchain Transaktionen können nicht widerrufen werden „Diese neue Schwachstelle unterstreicht die zunehmende Raffinesse von Cyber-Kriminellen, die es auf den Krypto-Bereich abgesehen haben, und zeigt nicht nur die Notwendigkeit der Wachsamkeit der Nutzer, sondern auch den dringenden Bedarf an fortschrittlichen Sicherheitsmaßnahmen und kontinuierlicher Aufklärung. Da dezentralisierte Finanzplattformen wachsen, nutzen Angreifer jede mögliche Schwachstelle aus, mit potentiell verheerenden finanziellen und persönlichen Folgen für die Nutzer. Neben den unmittelbaren finanziellen Verlusten können solche Sicherheitsverletzungen das Vertrauen der Nutzer und die allgemeine Akzeptanz dezentraler Technologien nachhaltig schädigen. Unsere Aufgabe ist es, die Nutzer mit dem Wissen und den Werkzeugen auszustatten, die sie benötigen, um sich in dieser dynamischen Landschaft sicher bewegen zu können. Indem wir die Nutzer in die Lage versetzen, ihre digitalen Vermögenswerte zu schützen, wollen wir ein widerstandsfähigeres und sichereres dezentralisiertes Finanzökosystem schaffen.“ Tipps zur Cyber-Sicherheit: Blockchain-Transaktionen sind irreversibel. Anders als bei einer Bank kann eine gestohlene Karte nicht gesperrt oder eine Transaktion angefochten werden. Zu den strengen Sicherheitsvorkehrungen zum Schutz der digitalen Vermögenswerte gehören: - Überprüfung der Legitimität von Verträgen und ihrer Funktionen, bevor Transaktionen autorisiert werden. - Keine blinde Akzeptanz von Transaktionen, sogar dann, wenn diese angeblich aus vertrauenswürdiger Quelle stammen. - Ausführung von Aktionen direkt von den offiziellen Projektwebseiten, um die Authentizität zu gewährleisten. - Vorsicht bei E-Mails und Links in sozialen Netzwerken, da diese als Einfallstor für Betrüger dienen können. - Regelmäßig Prüfung der Wallet und Transaktionshistorie auf ungewöhnliche Aktivitäten. Auf dem Stand der Dinge bezüglich Nachrichten zu Krypto-Betrug bleiben. Passende Artikel zum Thema Lesen Sie den ganzen Artikel
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⚡️Новости криптомира 📎Команда BNB Chain развернет новый сервис - BNB Safe{Wallet}. Это кошелек с мультиподписью на базе протокола Gnosis Safe. Перед его использованием необходимо создать учетную запись Safe. 📎Сегодня состоится запуск мейннета Celestia, модульной сети консенсуса и передачи данных, предназначенной для запуска блокчейнов. Запуск основной сети произойдет вместе с листингом токена Celestia (TIA) на KuCoin и Bybit. 📎Банк России опубликовал Проект основных направлений развития финансового рынка. Авторы проекта определяют риски для развития российского финансового рынка, в качестве внешнего макроэкономического фактора упомянуты криптовалюты и стейблкоины. 📎Замминистра финансов России Алексей Моисеев заявил, что цифровой рубль способен в XXII веке заменить наличную валюту. Правительство и Минфин работают над доступностью цифрового рубля без интернета, благодаря чему он должен стать более удобным. 📎С 21 по 27 октября в криптоинвестиционные продукты вложено $326 млн - это самый большой приток средств с июля 2022. По мнению аналитиков, рост инвестиций связан с возрастающими ожиданиями одобрения SEC первого спотового биткоин-ETF. #новости #биткоин #криптовалюта
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In an effort to spice up safety, the BNB Chain has lately launched a safe multi-signature pockets service generally known as BNB ProtectedPockets. This service is constructed upon the Gnosis Protected protocol and is now accessible on each the Binance Sensible Chain (BSC) and opBNB networks. The Gnosis Protected Multisig Pockets The BNB Chain has lately launched a multi-signature pockets service referred to as BNB ProtectedPockets, constructed on the Gnosis Protected protocol. The latter is a great contract pockets recognized for its high-level safety features, strong entry management, and complicated execution logic. One among its standout options is the flexibility to permit a number of wallets to be managed by a number of homeowners, including an additional layer of safety. As we speak, we’re launching the BNB ProtectedPockets 🔒 Our multi-sig pockets relies on the Gnosis Protected protocol and now dwell on BSC + opBNB. It affords a safe solution to handle digital belongings! Create BNB Protected Account:https://t.co/7nJiV3vcqD Documentation:https://t.co/yFzeupHeb2 pic.twitter.com/6h6gGyA2ZX — BNB Chain (@BNBCHAIN) October 28, 2023 BNBChain’s Protected multi-signature pockets service affords digital asset storage with user-centric safety measures. Customers can customise their safety preferences, deciding on proprietor accounts and specifying the minimal variety of confirmations required for transactions. To get began with the BNB Chain multi-signature wallet service, customers are required to create a Protected. Gnosis Protected is a protocol and platform that allows decentralized custody and administration of belongings throughout a number of networks, together with Ethereum (ETH), zkSync, Arbitrum, BNB Sensible Chain, EVM, and Ethereum Mainnet. Its web3-enabled device, generally known as Protected Pockets, simplifies interplay with the DeFi and web3 ecosystem, thereby enhancing the security of belongings and selling cooperative asset administration. Safety Breaches on the BNB Chain Current years have witnessed quite a few safety breaches and assaults focusing on the BNBChain community, elevating considerations in regards to the security of customers’ belongings. Notable incidents embrace the July 2023 Vyper Copycat Exploit on BSC, the place vulnerabilities within the Vyper programming language resulted in cryptocurrency theft. Moreover, a significant assault in October 2022 on Binance (BNB) noticed hackers exploiting weaknesses within the BNB community, resulting in substantial monetary losses. In September 2023, hackers who beforehand focused the Stake on line casino for $41 million made off with roughly $328,000 million value of BNB (BNB) and Polygon (MATIC) tokens, additional highlighting the necessity for strong safety measures inside the ecosystem. In response to a weblog post by BNB Chain, the introduction of the BNB ProtectedPockets, BNB Chain goals to offer customers with a safe and reliable answer for managing their digital belongings, providing peace of thoughts in an more and more complicated and difficult crypto panorama. SPECIAL OFFER (Sponsored) Binance Free $100 (Unique): Use this link to register and obtain $100 free and 10% off charges on Binance Futures first month (terms).PrimeXBT Particular Provide: Use this link to register & enter CRYPTOPOTATO50 code to obtain as much as $7,000 in your deposits.
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OpenZeppelin eradicates the isContract function, fostering a shift towards greater adaptability and enhanced user experiences in the Ethereum ecosystem. Smart contract development service OpenZeppelin recently removed a commonly used smart contract function called isContract to push the ecosystem forward toward greater flexibility and improved user experiences. The isContract function returns true if an Ethereum (ETH) address belongs to a smart contract account rather than an externally owned account (EOA). Many decentralized application (dapp) developers have relied on it for security purposes, such as preventing bots from minting non-fungible tokens (NFTs). However, as Ambire Wallet co-founder and CEO Ivo Georgiev pointed out rejoicing for removing the feature, relying on isContract breaks compatibility with account abstraction wallets like Ambire, Argent, and Safe. These wallets use smart contracts to manage users’ funds while abstracting some complexities away from the end user. According to Georgiev, better ways to prevent issues like NFT minting abuse and security vulnerabilities exist. The presence of isContract has led to a harmful myth that smart contracts cannot function as user accounts. In response, OpenZeppelin removed the function to push developers to reconsider assumptions about smart contracts and user accounts. This controversial move could accelerate the adoption of account abstraction and its associated benefits. Safe — a decentralized custody protocol previously known as Gnosis Safe — developer Misha highlighted legitimate use cases of isContract, like ensuring that added Safe modules are valid contracts. However, Georgiev argued that there are better solutions that don’t preclude important account abstraction techniques. The OpenZeppelin documentation warns that isContract should not be relied upon as the sole determiner of contract or EOA status. According to him, with clever programming, bots can return false positives or negatives. This debate represents an important step forward as Ethereum builders rethink outdated assumptions and plant the seeds for the next generation of user-friendly decentralized applications. Removing isContract forces developers to find alternative solutions, ultimately benefiting end users by stopping discrimination against abstracted accounts.
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Product Marketing Manager - Remote
Company: Gnosis WHAT YOU WILL DO Gnosis is building a Consumer Web3 wallet for Gnosis Chain and is looking for a Product Marketing Manager to join the team: - Lead the Product Team to conduct user research to identify target users for adoption - Lead Product Team to identify target user pain points and distill user stories and product requirements - Work with Designers to develop, communicate and test design concepts, wireframes and prototypes - Work with Product Team to develop product positioning, strategy, and roadmap - Handle 0-to-1 go to market activities including PR, marketing and community building WHO YOU ARE - Experience with 0-to-1 product marketing - Experience in Web3 and Ethereum, plus if prior experience with smart contract accounts - Experience with Fintech or “Neobanks” - Experience with Consumer Social - Fluent in spoken English, reading, and writing in English WHAT WE CAN OFFER YOU - Do you need resources to pursue your professional goals? → We got you covered with a personal education and conference budgets; - Is there something that you would like to try out within our projects? → You can use your Friday afternoons on research or on a side project in our ecosystem; - Our hierarchy is flat, so there is no chance to get lost in vertical looking organizational structure; - Not really an early bird? No worries! → Flexible working schedules and remote work policies are, for a long time, part of our culture; - And do not worry about your equipment and subscriptions. We’ll equip you with the latest hardware and provide you all tools you need! But most important - grow with us! We're growing rapidly, the industry is expanding fast, and we have a lot to do. If you're someone who loves taking initiative and getting things done, there are a lot of opportunities for you at Gnosis. We’re enthusiastic about our shared mission and enjoy spending time together! Please apply with your (English) resume. We look forward to your application! At Gnosis, we strive to create an inclusive environment that empowers our employees. We believe that our products and services benefit from our diverse backgrounds and experiences and are proud to be an equal opportunity employer: all qualified applicants are considered for positions regardless of race, ethnic origin, age, religion or belief, marital status, gender identification, sexual orientation, or physical ability. Apply for this position ABOUT US The Gnosis mission has always been centered on building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it.As a DAO, Gnosis uses the products that it creates to transparently guide decisions on the development, support, and governance of its ecosystem. Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs) are all products incubated by Gnosis. Their success is demonstrated by the recent spin-out of Cow Protocol and the formation of SafeDAO. By combining needs-driven development with deep technical expertise, Gnosis has built the decentralized infrastructure for the Ethereum ecosystem. In November 2021, the xDai and GnosisDAO communities voted to combine their vibrant ecosystems to create the Gnosis Chain. Gnosis Chain uses the xDai token. It is the associated execution-layer EVM chain for stable transactions and includes a wide-ranging group of projects and users.Gnosis Chain is secured by a diverse set of validators. With over one hundred thousand validators and counting, we’re building a resilient and neutral network open to anyone without privilege or prejudice. Be a part of a team leading the web3 movement. APPLY ON THE COMPANY WEBSITE To get free remote job alerts, please join our telegram channel “Global Job Alerts” or follow us on Twitter for latest job updates. Disclaimer: - This job opening is available on the respective company website as of 4thJuly 2023. The job openings may get expired by the time you check the post. - Candidates are requested to study and verify all the job details before applying and contact the respective company representative in case they have any queries. - The owner of this site has provided all the available information regarding the location of the job i.e. work from anywhere, work from home, fully remote, remote, etc. However, if you would like to have any clarification regarding the location of the job or have any further queries or doubts; please contact the respective company representative. Viewers are advised to do full requisite enquiries regarding job location before applying for each job. - Authentic companies never ask for payments for any job-related processes. Please carry out financial transactions (if any) at your own risk. - All the information and logos are taken from the respective company website. Read the full article
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Making Ethereum Wallets Smarter Is the Next Challenge—and Visa Is Among Those Working on It - Decrypt
It’s no secret that crypto wallets need a makeover, and fast. But as the pieces and players leading this makeover emerge, so too is a fight over what to call the effort. Some call it account abstraction, others call it EIP-4337. “We call it a smart wallet,” Argent cofounder and CEO Itamar Lesuisse told Decrypt. “It’s as simple as that.” Argent, along with Safe (formerly Gnosis Safe), is at the…
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Vitalik Buterin Explains How He Will Choose 'Guardians' for Recovery Wallets
Arman Shirinyan Vitalik Buterin believes ‘guardians’ will become backbone of crypto safety Multisig wallets, like Gnosis Safe, are a secure way to store funds without relying on a centralized entity. They offer the benefits of self-custody, meaning that your funds are not at risk if a seemingly trustworthy entity fails. Social recovery wallets are similar, allowing funds to be recovered using…
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CoW Swap DEX Suffers Major Exploit, Thief Makes Off With Over $180,000
A fresh DEX, CoW Swap, suffered an exploit resulting in the thief absconding with over $180,000. Cybercriminals are striking CoW Swap DEX, transferring funds worth $123,000 DAI, $50,000 BNB, and $7,400 ETH via two wallets. Crypto firm PeckShield reports on a hacking incident and explains how it occurred. It seems (1) @CoWSwap 's GPv2Settlement contract has been tricked 10 days ago to approve SwapGuard for DAI spending and (2) SwapGuard was just triggered to transfer out DAI from GPv2Settlement. Here are the two related txs: https://etherscan.io/tx/0x92f906bce94bab417cccc87ae046448d7fb8c2c0350b7ed911545577acb3bfc1… and https://etherscan.io/tx/0x90b468608fbcc7faef46502b198471311baca3baab49242a4a85b73d4924379b The attacker appears to have approved SwapGuard for DAI eleven days ago via CoWSwap's GPv2Settlement contract. Then, DAI was removed from GPv2Settlement utilizing SwapGuard to be triggered. The SwapGuard function allows anyone to allegedly call arbitrary functions, and it's being exploited to the tune of over $180,000. Exploiter is still active; some claim others are using the same exploit, fighting over remaining funds. CoW Swap has yet to comment. Exploiter is still active: https://etherscan.io/tx/0x68da7ec7408c060460caf2346a2dd45b5066a65a7b83d7977b7cb0d7ee744bb5… Probably shouldn't use CoWSwap until situation has resolved. Another incident has occurred in the DeFi area, a popular target for attackers. The DeFi industry suffered billions of losses in 2022, and thefts have continued in 2023. CoW Swap is a relatively recent DEX that matches and executes orders in part using "Coincidence of Wants." For order execution, it blends off-chain and on-chain transactions. COW Token Airdrop Boosts Gnosis Chain with 50% GNO Token Rise Additionally, when the platform started the COW token airdrop last year, it garnered media attention. This helped the connected Gnosis chain or its token as well; following the announcement, the GNO token rose by almost 50%. Furthermore, CoW Swap introduced Surplus-Capturing Limit Orders more recently. As a result, traders can decide the price at which they will buy or sell certain assets. Related Reading | South Korean Authorities Traveled To Serbia To Find Terra’s, Do Kwon Gnosis network updated with Gnosis Safe (Sep 2022 launch) to improve web3 ownership access, collaboration, and security and rebranded as Sage. Gnosis transitioned to proof-of-stake and has over 100,000 validators as part of its network. Read the full article
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Key Takeaways MetaMask appears to be approaching decentralization, which might recommend that an airdrop is on the horizon. Using MetaMask in various methods and connecting with ConsenSys-linked tasks might assist increase your opportunities of receiving the airdrop. Swapping tokens on MetaMask and utilizing the wallet's brand-new bridge are 2 activities that might result in an airdrop in the future. Crypto Briefing takes a look at the different actions MetaMask users can require to improve their possibilities of getting approved for the wallet's long-rumored token airdrop. MetaMask Token Incoming? MetaMask is the most popular Web3 wallet, and reports of a prospective token airdrop for active users have actually distributed in the crypto area for several years. ConsenSys creator and CEO Joe Lubin has actually hinted on numerous events that a token remains in the works, however the business has actually not yet shared complete information. Surprisingly, ConsenSys just recently released its MetaMask Grants DAO, an employee-led effort to grant financing to designers beyond ConsenSys dealing with broadening the MetaMask environment. The relocation might be a tip that the business is wanting to decentralize the task. ConsenSys struck a $7 billion appraisal with a $450 million Series D raise in March, which suggests it might possibly airdrop a good-looking amount to users. But because the wallet is broadly utilized by crypto locals of all stripes, receiving the airdrop might not be simple. Here are some actions MetaMask users can require to optimize their possibilities of getting the wallet's token once it's live. 1. Swap Tokens on MetaMask If you do not have a MetaMask wallet, you'll require to begin by producing one. To get going, download the internet browser extension or mobile app, develop a wallet, shop your seed expression in a safe location, and money your wallet with some ETH. Swapping tokens on MetaMask is simple. In the primary menu, simply click the blue Swap button beside the Buy and Send icons. Trade some ETH for any token of your picking, however ensure to keep adequate ETH in your wallet to pay deal costs. 2. Utilize the MetaMask Bridge MetaMask just recently introduced a bridge to let users move funds from one blockchain to another. Link your wallet to the MetaMask bridge, choose Ethereum as your very first network, pick another network to send out to (you can pick in between Polygon, Avalanche, and BNB Chain), then bridge over either ETH, MATIC, DAI, USDC, or USDT tokens. Again, ensure you currently have your 2nd network's native token in your location wallet to spend for gas costs. Otherwise, an easy option is to bridge MATIC from Ethereum to Polygon considering that MATIC is Polygon's native token. 3. Develop a Gnosis Safe Wallet ConsenSys and Gnosis Safe revealed a collaboration in February to increase wallet security, so MetaMask might reward Gnosis users. To begin utilizing the item, go to Gnosis Safe, link your wallet, and follow the actions to produce a multisig Safe wallet. You'll require to choose Ethereum as the network, call your brand-new wallet, supply a minimum of 2 addresses as the "owners" of the wallet (you can develop a brand-new MetaMask account and input that deal with together with the one you're currently utilizing), and pay a little deal charge. 4. Contribute through Gitcoin ConsenSys has close ties with Gitcoin, as it assisted the Ethereum-based contribution platform in its early days prior to it set out by itself in2021 Contributing to Gitcoin might for that reason increase the opportunities of getting approved for a MetaMask airdrop. To make a contribution, you'll require to produce a profile on GitHub, then go to the Gitcoin Grants page, link your MetaMask, choose a Grant job that you like, include it to your cart, go to take a look at, and select just how much you wish to contribute (and in which currency). We recommend contributing a minimum of $10 as any certification requirements might have a minimum contribution limitation to avoid airdrop farming.
5. Register for Infura ConsenSys obtained Infura in October2019 Infura is thought about among the world's leading blockchain facilities platforms and it likewise straight supports MetaMask. Infura is approaching decentralization and has actually introduced an early gain access to program for neighborhood members to assist. You can submit a kind on the business's site to register, though Infura is particularly searching for individuals with experience in blockchain facilities. You can likewise check out ConsenSys' Discord channel to find out about more methods to get included. Final Thoughts Airdrop searching is more art than science, and includes an aspect of luck. Even if you follow all of these actions, it is not ensured that you will have the ability to declare MetaMask tokens as soon as ConsenSys concerns them. Some airdrops like Bored Ape Yacht Club's APE token free gift were very rewarding. Others like Optimism's OP token circulation were questionable due to their stringent credentials requirements. Nevertheless, following the actions noted in this piece deserves the time and effort on the possibility they settle. Disclaimer: At the time of composing, the author of this piece owned BTC, ETH, and a number of other crypto properties. The details on or accessed through this site is acquired from independent sources our company believe to be precise and trustworthy, however Decentral Media, Inc. makes no representation or guarantee regarding the timeliness, efficiency, or precision of any details on or accessed through this site. Decentral Media, Inc. is not a financial investment consultant. We do not offer individualized financial investment guidance or other monetary suggestions. The info on this site goes through alter without notification. Some or all of the info on this site might end up being out-of-date, or it might be or end up being insufficient or unreliable. We may, however are not bound to, upgrade any out-of-date, insufficient, or incorrect info. You need to never ever make a financial investment choice on an ICO, IEO, or other financial investment based upon the details on this site, and you ought to never ever translate or otherwise depend on any of the info on this site as financial investment suggestions. We highly advise that you seek advice from a certified financial investment consultant or other competent monetary expert if you are looking for financial investment guidance on an ICO, IEO, or other financial investment. We do decline payment in any kind for examining or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or products. See complete conditions Aptos Airdrop Season Is Coming. Here's How You Can Profit In crypto, brand-new network launches are generally followed by airdrop seasons. These "seasons" are durations when all the brand-new jobs that have actually effectively developed applications on the network's testnet get ... Sei Network Unpacked: Testing the New Layer 1 Ahead of Its Token Airdr ... Sei Network is a DeFi-focused Layer 1 blockchain constructed on Cosmos. It will consist of fundamental primitives such as an order-matching engine and a merged liquidity design, making it possible for faster and much easier ... Which Ethereum Layer 2 Will Be Next to Airdrop a Token? Several Ethereum Layer 2 networks have actually hinted that they might introduce their own native tokens in the coming months, which would likely result in airdrops for early users. Sign Up With Crypto ... Read More
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Asset Management With Decentralized Finance
In the DeFi space, you are your bank. Lending platforms like MakerDAO and Compound facilitate crypto lending by matching borrowers with lenders. The interest rates on these loans are determined by an autonomous ATOMIC auctions mechanism that runs on Ethereum smart contracts.
With DeFi protocols, you are the guardian of your crypto funds. Crypto wallets like MetaMask, Gnosis Safe, and Argent help you easily and securely interact with decentralized applications to do everything from buying, selling, and transferring crypto to earning interest on your digital assets.
However, Being a trusted Defi development company in India, we are extending decentralized finance development services to help entrepreneurs get started with Defi business easily.
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New Post has been published on https://primorcoin.com/cz-and-saylor-urge-for-crypto-self-custody-amid-increasing-uncertainty/
CZ and Saylor urge for crypto self-custody amid increasing uncertainty
Industry heavyweights have urged crypto investors and traders to self-custody their crypto assets amid the significant market uncertainty brought on by the collapse of FTX.
In a Nov. 13 tweet to his 7.6 million followers, Binance CEO Changpeng “CZ” Zhao pushed the crypto community to store their own crypto via self-custody crypto wallets.
“Self custody is a fundamental human right. You are free to do it anytime. Just make sure you do do it right,” he said, recommending investors to start with small amounts in order to learn the technology and tooling first:
Self custody is a fundamental human right.You are free to do it at any time.Just make sure you do do it right.Recommend start with small amounts to learn the tech/tools first.Mistakes here can be very costly.Stay #SAFU
— CZ Binance (@cz_binance) November 13, 2022
Speaking to Cointelegraph during the Pacific Bitcoin conference on Nov. 10-11, MicroStrategy executive chairman Michael Saylor also discussed the merits of self-custody given the current market environment.
Saylor suggested that self-custody not only provides investors with property rights, it also prevents powerful actors from corrupting the network and its participants:
“In systems where there is no self-custody, the custodians accumulate too much power and then they can abuse that power.”
“So self-custody is very valuable for this broad middle class, as it tends to create […] this power of checks and balances on every other actor in the system that causes them to be in continual competition to provide transparency and virtue,” he explained.
Backstage interview with the charming Michael @saylor ⚡️
✅ check @Cointelegraph to read his advice on how to handle the bear market
@pacificbitcoin
pic.twitter.com/yWZmEsgQar
— Joe Nakamoto (@JoeNakamoto) November 11, 2022
Saylor also made the argument that self-custody plays an important role in maintaining the integrity and security of blockchains because it increases decentralization:
“If you can’t self-custody your coin, there’s no way to establish a decentralized network.”
The recent events that transpired last week appear to have already pushed many investors and traders towards self-custody solutions.
Since the sudden collapse of FTX in early November, the number of Bitcoin (BTC) withdrawals on centralized exchanges reached a 17-month high, according to on-chain analytics firm Glassnode:
#Bitcoin $BTC Number of Exchange Withdrawals (7d MA) just reached a 17-month high of 3,424.315
View metric:https://t.co/QyB7zouWee pic.twitter.com/Su4biTEM7h
— glassnode alerts (@glassnodealerts) November 13, 2022
While at the same time, net inflows into self-custody wallets have soared.
Smart contract wallet Safe — previously Gnosis Safe — reported over $800 million in net inflows since last Tuesday when the FTX saga began to spiral out of control:
Over $800M net in-flows into @Safe since last Tuesday. $325M on Thursday alone. Looks like a flight to self-custody. pic.twitter.com/hiuij9dp7s
— lukasschor.eth | Safe (@SchorLukas) November 13, 2022
The outflow from centralized exchanges caused by the FTX meltdown also created problems for hardware-based cryptocurrency wallet provider Ledger — who were temporarily unable to process a mass influx of inflows due to scalability issues.
The token of the Binance-acquired self-custody wallet Trust Wallet (TWT) also increased 84% to $2.19 over the last 48 hours before cooling off to $1.83, according to CoinGecko.
The token allows token holders to participate in deciding how the wallet operates and what technical updates are to be made.
Related: Self-custody is key during extreme market conditions: Here’s what experts say
Investor confidence in centralized exchanges took another hit on Nov. 13 when Crypto.com accidentally sent 320,000 ETH to Gate.io.
Ethereum bull and host of The Daily Gwei Anthony Sassano on Nov. 13 called out the crypto exchange over its mistake and later stated that investors should not store assets on centralized exchanges “for longer than you need to.”
Meanwhile, Blockchain Association head of policy Jake Chervinsky said that self-custody education should be one of the first things newcomers learn, while Bitcoin proponent Dan Held told his 642,800 Twitter followers that self-custody is a crucial element to self-sovereignty:
Self custody your Bitcoin and run a full node.
That’s how you achieve self sovereignty.
Don’t trust, verify.
— Dan Held (@danheld) November 12, 2022
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#Binance #BNB #CryptoExchange #DEFI #DEFINews #NFT #NFTNews
#Binance#BNB#CryptoExchange#DEFI#DEFINews#NFT#NFTNews#Crypto Exchange#Cryptocurrency Exchange#CryptoPress#decentralized exchange#NFT News
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BitMEX has made a strategic resolution to boost the utilization of Bitcoin block house and reduce withdrawal charges for its customers. In a major replace, efficient November 1, 2023, BitMEX will subject new Bitcoin deposit addresses to all its prospects. BitMEX Reissues Bitcoin Deposit Addresses BitMEX has just lately unveiled a major replace aimed toward optimizing the usage of Bitcoin block house and lowering withdrawal charges for its customers. In accordance with an October 30 announcement, BitMEX will reissue all buyer Bitcoin deposit addresses, transitioning to the extra environment friendly pay-to-witness publish key hash (P2WPKH) Bech32 format addresses. The change eliminates the necessity for complicated multi-signature transactions, changing them with single on-chain signatures, leading to substantial block weight financial savings with out compromising safety. The transition will happen in phases, with new customers receiving the up to date addresses from November 1, 2023, and current addresses being changed between November 1 and November 30, 2023. Customers are urged to cease utilizing outdated addresses, replace their handle books, and whitelist the brand new addresses to make sure a seamless transition. A Shift from Multisignature to Bech32 Addresses BitMEX’s resolution to reissue Bitcoin deposit addresses comes as a response to the evolving panorama of blockchain expertise. The brand new addresses will probably be within the pay-to-witness publish key hash (P2WPKH) Bech32 format, generally known as “bc1 addresses.” This variation will see the elimination of the historic “self-importance” handle prefix, together with “3BMEX” and “bc1qmex.” BitMEX beforehand used deposit addresses based mostly on Bitcoin’s native on-chain 3 of 4 multisig system (P2WSH). This complicated course of required three signatures revealed to the blockchain for every spend from a deposit handle, even with the Segregated Witness (SegWit) witness low cost. Consequently, it consumed a major quantity of block house. The brand new wallet addresses, then again, would require solely a single on-chain signature (P2WPKH) for every fund switch. This variation is facilitated by a multi-party computation (MPC-CMP) utilizing a community of extremely safe and geographically distributed non-public keys. Notably, this up to date signature scheme is already employed for BitMEX’s scorching withdrawal processing, making certain the transition doesn't compromise the platform’s high-level pockets safety. In the meantime, to boost safety, the BNB Chain has just lately unveiled a brand new safe multi-signature pockets answer known as BNB Protected, constructed on the Gnosis Protected protocol. It's at present accessible on each the Binance Sensible Chain (BSC) and the opBNB networks. SPECIAL OFFER (Sponsored) Binance Free $100 (Unique): Use this link to register and obtain $100 free and 10% off charges on Binance Futures first month (terms).PrimeXBT Particular Provide: Use this link to register & enter CRYPTOPOTATO50 code to obtain as much as $7,000 in your deposits.
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Decentralized oracle network Chainlink has downplayed a recent change in the number of signers required on its multisig wallet — a move that garnered backlash on social media from vocal critics.Crypto researcher Chris Blec was among a number of users on X (formerly known as Twitter) who called out Chainlink for quietly reducing the number of signatures required on its multi-signature wallet from 4-of-9 to 4-of-8. The 4-of-8 multisig requirement is a security measure that requires four out of eight signatures to authorize a transaction.In a Sept. 25 X post, Blec drew attention to an original post from a pseudonymous user which showed that a wallet address had been removed from the multisig wallet without any announcement being made by Chainlink. Chainlink multisig has removed a signer and is now a 4-of-8 multisig.This multisig can change *any* Chainlink price feed to provide *any* price that it wants it to provide.Completely centralized under this multisig. https://t.co/GOAtJXShIV— Chris Blec (@ChrisBlec) September 24, 2023 While members of the crypto community were quick to raise their concerns with the move, a spokesperson for Chainlink told Cointelegraph that the update was part of a standard signer rotation process. “As part of a periodic signer rotation process, the multisignature Gnosis Safes used to help ensure the reliable operation of Chainlink services were updated. The rotation of signers was completed, with the Safes maintaining their regular threshold configuration.”Blec has long been an outspoken critic of Chainlink, going as far as saying that “the entire DeFi ecosystem can be intentionally destroyed in the blink of an eye,” if Chainlink’s signers were to ever “go rogue.”The entire DeFi industry - VCs, DAOs, devs, everyone - is colluding to hide the fact that if 5 people, chosen by @chainlink, ever decide (or are forced) to go rogue, the entire DeFi ecosystem can be intentionally destroyed in the blink of an eye.— Chris Blec (@ChrisBlec) February 7, 2023 According to Blec, the centralization risk inherent in Chainlink extends to a range of mainstay DeFi projects including Aave and MakerDAO, which rely on Chainlink’s oracles for price data.Chainlink is a decentralized oracle network that enables Ethereum-based smart contracts to communicate securely with real-world data and services outside the siloed world of blockchain networks.Notably, Chainlink’s native LINK (LINK) token has been one of the best performing crypto assets in recent weeks, having gained nearly 20% over the last month according to price data from Cointelegraph. Source
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