• On March 16, 2023, over 40,141 bitcoin (BTC) were moved in a single transaction worth $1.05 billion from 254 addresses to two separate output addresses.
• The transaction cost was only 333,000 satoshi worth about $87 — 0.000008285714285714285% of the transferred sum. All the addressed involved are owned by major cryptocurrency exchange Binance.
• Bitcoin transactions can facilitate large-scale transactions with minimal fees and quicker execution than traditional banking methods due to its decentralized ledger system and elimination of intermediaries.

The Massive BTC Transaction

On March 16th, 2023 over 40,141 Bitcoin (BTC) were moved in a single transaction worth $1.05 billion from 254 addresses to two separate output addresses – showing once again how the introduction of BTC improved large settlements. The cost of the transaction was 333,000 satoshi worth about $87 – just 0.000008285714285714285% of the transferred sum; all the addressed involved are owned by major cryptocurrency exchange Binance.

Traditional Banking Systems

In traditional banking systems moving such a large amount of money would generally involve numerous intermediary banks who might charge fees for processing the transaction – resulting in slower transfers, higher costs and increased complexity as well as requiring currency conversions and potential delays due to different time zones and banking hours.

Advantages Of Bitcoin Transactions

Bitcoin simplifies this process considerably and transferring to your second wallet or to another continent makes no difference due to its decentralized ledger system which eliminates the need for intermediaries enabling direct peer-to-peer transactions with lower costs compared to traditional banking methods where fees would most likely be higher by orders of magnitude; it also facilitates quicker execution usually taking minutes or hours instead of days for international transfers as required by traditional bank transfers.

Benefits Of Utilizing Bitcoin For Large Settlements

This massive transaction serves as a reminder of many benefits when utilizing bitcoin for large settlements including inherent efficiency, cost-effectiveness and security compared to traditional banking methods; further emphasizing why more businesses are incorporating cryptocurrency into their financial system despite initial skepticism towards cryptocurrencies such as BTC back in 2009 when it was first introduced by Satoshi Nakamoto.

Conclusion

Overall this transfer demonstrates how far we have come since 2009 when bitcoin was first introduced – demonstrating efficiencies that could not have been imagined before now with its ability to facilitate extremely low fee transactions quickly across continents without needing intermediaries or dealing with currency conversions making it an attractive option for those looking for faster ways to settle large amounts globally compared to traditional banking systems

• Vitalik Buterin recently sold over $700,000 worth of tokens that had been airdropped to him.
• He mockedshitcoins discussed by the community in a Reddit thread and cashed out 10 billion CULT tokens for 58 ETH (roughly $91,000) and 500 trillion SHIK tokens for 380 ETH (approximately $600,000).
• Buterin received a total of 250,000 BITE shortly after posting the tweet he was criticized for.

Vitalik Buterin Sells Tokens

The Ethereum founder Vitalik Buterin has just sold over $700,000 worth of tokens that had been airdropped to him. According to Etherscan, Vitalik’s publicly known wallet address had sold 50 billion MOPS tokens, equating to 1.25 ETH (approximately $2,000) when the transaction was complete. He further cashed out 10 billion CULT tokens for 58 ETH (roughly $91,000) and 500 trillion SHIK tokens for 380 ETH (approximately $600,000). Moreover, according to PeckShield, BITE was one of the tokens he sold during his shitcoin selling frenzy on March 7. He reportedly transferred 3.4 million BITE for around $9,250. It’s not the first time Buterin dumps coins. In May of 2021, his Shiba Inu and Dogelon Mars (ELON) sell-off caused the values of those tokens to plummet by 40% and 90%, respectively.

Vitalik Speaks Against Shitcoins

In a post published on March 9 on a small subreddit r/Testingtesting62831 ,Buterin referred to the token Bite (BITE) and most other coins discussed on r/Testingtesting62831 as „shitcoins“. He stated that these cryptocurrencies have „no redeeming cultural or moral value and will probably lose you most of the money you put into them.“ It is also possible that Buterin’s message was spurred by the many posts supporting the BITE token on the subreddit which he started in July 2020 and still moderates today. Nevertheless, this post made him targetted by trolls with other users increasing shilling efforts with memes.

Criticism For Tweet

Buterin received a total of 250,000 BITE shortly after posting the tweet he was criticized for. The token is not traded on major price monitoring websites which resulted in criticism from crypto enthusiasts who thought it might be part of Pump & Dump scheme or FOMO trading technique used by market manipulators .

Conclusion

Despite selling various shitcoins recently , Vitalik Buterin stands firm against them showing no signs of changing his stance towards them . The fact that he does not trade any well-known cryptocurrencies but only those newly issued ones , raises questions about their legitimacy . No matter what , it is always wise to invest carefully in cryptocurrency as there are plenty scams out there .

Takeaways

• Despite selling various shitcoins recently , Vitalik Buterin stands firm against them showing no signs of changing his stance towards them .
• His post about shitcoin sparked criticism from crypto enthusiasts who thought it might be part of Pump & Dump scheme or FOMO trading technique used by market manipulators .
• Invest carefully in cryptocurrency as there are plenty scams out there

• Ethereum developers have launched a new software feature called EntryPoint, which allows wallets to operate as smart contracts.
• EntryPoint is an optional feature that enables wallets to handle complex tasks automatically without relying on the blockchain.
• It is designed to improve the user experience of crypto wallets by providing features such as automated payments and account recovery.

Ethereum Update Enables Wallets To Operate As Smart Contracts

Ethereum developers have recently launched a new software feature known as EntryPoint, which allows wallet accounts to be used as smart contracts. This new feature brings so-called „account abstraction,“ whereby users can implement advanced features such as automated payments and account recovery more quickly without having to interact with the underlying blockchain.

Account Abstraction

Account abstraction is an optional feature offered by crypto wallet providers rather than a protocol-level change in cryptocurrencies like ethereum. By abstracting away the details of the blockchain, users will be able to use their wallets more intuitively while also gaining access to advanced features such as two-factor authentication recovery options and native multi-signatures.

Entry Point

EntryPoint is part of the broader ethereum request for comments (ERC) 4337 that describes additional features such as automated payments and two-factor authentication recovery options. The contract has been thoroughly audited by OpenZeppelin and is now available on various blockchain networks, including Ethereum, Polygon, Arbitrum, and BNB Chain. This will enable account abstraction on all those ethereum-based protocols.

„Smart Wallet“ Features

By using EntryPoint, wallet infrastructure providers are able to offer users more options for ’smart wallet‘ features including native multi-signatures, account recovery; gas fee coverage; and other improved security measures that make it easier for users to manage their funds securely without needing any prior knowledge of how the blockchain works or interacts with other systems.

Final Thoughts

The safety of this whole architecture relies on how securely it is implemented in one contract – namely EntryPoint – hence its importance when it comes to account abstraction across all those protocols mentioned above. With this update in place, ETH users should be able enjoy improved security measures within their wallets while taking advantage of some exciting new features!

• Flare Network recently demonstrated that its users can trustlessly purchase Ethereum non-fungible tokens (NFTs) using coins from other networks.
• The purchase was executed through Flare Network’s State Connector and Flare Time Series Oracle (FTSO).
• With this interoperability, the Flare Network opens up new use cases for supported tokens, such as DOGE which can now be used to acquire valuable NFTs.

Flare Network Demonstrates Interoperability

Flare Network recently demonstrated that its users can trustlessly purchase Ethereum non-fungible tokens (NFTs) using coins from other networks. This demonstration was done on Flare Network’s Songbird testnet environment in which developers can deploy dApps before launching them on the interoperable, scalable mainnet.

How It Was Executed

The demonstration was executed through Flare Network’s State Connector and Flare Time Series Oracle (FTSO). The State Connector links the Flare Network with smart contracts and Offchain sources while the FTSO is a decentralized oracle that verifiably delivers on-chain smart contracts with reliably proven price and data feeds, including those of NFTs, from external sources.

Expanding Non-EVM Coins‘ Use Cases

With this interoperability functionality currently in beta, Flare Network assured the broader community that it is possible to acquire NFTs launched on its rails using diverse tokens and coins. These include Dogecoin (DOGE) and XRP, expanding their use cases beyond trading purposes or speculation to acquiring valuable NFTs as well.

The CEO’s Comment

Commenting on this development, Hugo Philion – the CEO and co-founder of Flare – said: „This demo highlights Flare’s ability to provide more secure, decentralized data on-chain to power new functionality and potential use cases for the industry.“ He added: „We are excited to see what other applications engineers can develop harnessing the capabilities of Flare’s native interoperability protocols.“

Conclusion

In conclusion, by demonstrating its interoperability function between different blockchains, the Flare Network has opened up possibilities for various tokens such as DOGE and XRP to be used for more than just trading purposes or speculation; but also for acquiring valuable NFTs as well.

• Norway’s economy crimes unit, Økokrim, recently seized NOK 60 million (or $5.9 million) in cryptocurrency as part of their investigation into the Sky Mavis cyber attack in March 2022.
• The successful seizure of the cryptocurrency is said to be linked to North Korea’s primary intelligence agency, the Reconnaissance General Bureau.
• Økokrim is now aiming to make things right for the hack victims and prevent the funds from being used for criminal activities with an international collaboration between FBI specialists and themselves.

Norway Seizes Cryptocurrencies Linked to North Korean Hackers

Discovery of Funds

Norway’s economy crimes unit, Økokrim, has seized a whopping NOK 60 million (or $5.9 million) in cryptocurrency as part of their ongoing investigation into the Sky Mavis cyber attack in March 2022, which saw a staggering $600 million worth of cryptocurrency stolen from Axie Infinity, the popular play-to-earn (P2E) gaming platform.

Linked to North Korea?

This breakthrough comes as it is allegedly linked to Lazarus, a North-Korea based hacking group. Moreover, according to a Feb. 2023 report, North Korea’s primary intelligence agency, the Reconnaissance General Bureau, have been behind theft of up to $1 billion worth of crypto through its teams – Lazarus, Andariel and Kimsuky.

International Collaboration

In an amazing international collaboration between Norwegian authorities and FBI specialists they are working together track stolen assets via cryptocurrency transactions with aim of preventing funds from being used for criminal activities by hackers. Marianne Bender first states attorney mentioned that such global efforts are needed in fight against profit driven cybercrime and this case demonstrates that authorities can follow money on blockchain even when criminals try advanced tactics to outsmart them.

Restitution for Victims

Økokrim team has plans to make sure victims get compensated with its communication with Sky Mavis while also revealing intel on hackers who were not just looking for crypto but cash out real world investments which could funnel funds straight into North Korea’s nuclear weapons program if not tracked properly by authorities across time zones worldwide .

Conclusion

Global authorities are setting standard for international collaboration with this latest development in tracking down cryptocurrencies linked with North Korean hackers which would help prevent use of stolen assets for criminal activities and provide restitution victims deserve after cyber attacks like Axie Infinity heist

• SALT Lending recently raised $64.4 million in a Series A funding round.
• The company is hoping to use the capital to expand its operations and rebuild its balance sheet.
• This is following a difficult period of financial difficulty, including the crash of FTX and a series of bankruptcies among crypto lending platforms.

SALT Lending Closes $64.4 Million Series A Funding Round

Crypto lending platform SALT Lending has closed a $64.4 million Series A funding round through a share sale to accredited investors. The firm is focusing on expansion and will seek additional funding in a second funding round later this year.

Recovery from FTX Contagion

In the aftermath of the crypto winter and the collapse of FTX, several cryptocurrency lenders have gone bankrupt, including Genesis, BlockFi, Voyageur Digital, and Celsius Network. However, SALT Lending is trying to bounce back from the downturn by replenishing capital reserves and strengthening its balance sheet with this new financing round.

November 2022 Pause on Withdrawals & Deposits

In November 2022, SALT Lending announced a „pause“ on withdrawals and deposits on its lending platform following the FTX crash as it had served as a source of liquidity for their operations which caused some controversy online and led to them losing their California lending license as well as an agreement to sell themselves off to BnkToTheFuture.

Rejuvenation Plans

Founder and interim CEO Shawn Owen believes that despite facing an unprecedented situation they are now positioned for even greater success moving forward with plans for new products that offer transparency and optionality in the lending space as well as plans for further fundraising later this year in order to fund these products‘ roadmap.

Conclusion:

Despite difficulties such as going bankrupt or losing agreements due to the FTX crash, SALT Lending is determined to bounce back stronger than ever with new products that bring increased transparency into cryptocurrency lending while seeking additional funding later this year in order fund their product roadmap.

• Dr. Yifeng Tian is the first researcher to introduce and conduct a systematic analysis of blockchain-enabled finance in infrastructure investment.
• The interview covers whether it is feasible for blockchain-enabled tokenization to be applied in infrastructure finance, how tokenization of infrastructure on blockchain works, and why Dr. Yifeng Tian’s team was motivated to seize the opportunity.
• The research suggests that most types of public or private sector infrastructure can benefit from tokenization, provided investors are offered sufficient economic returns as incentives to compensate for the risks.

Interview with Dr. Yifeng Tian on Blockchain Tokenization in Infrastructure Finance

Feasibility of Applying Tokenization

Dr. Yifeng Tian’s research suggests that most types of public or private sector infrastructure can benefit from tokenization, provided investors are offered sufficient economic returns as incentives to compensate for the risks. As an example, he proposed that a wind farm valued at $5m could be represented by 5 million digital tokens each priced at $1 and backed by this asset.

How Does Tokenization Work?

Revenue generating projects will pay dividends or interest from their cash flows while non-revenue generating projects may use availability payments from governments to ensure financial availability. For public infrastructure financing, government bonds can also be tokenized while private infrastructures may have corporate equity, corporate bonds, project equity, project bonds and infrastructure funds all subject to tokenization processes.

Motivations Behind Introducing Tokenization

Dr. Yifeng Tian was inspired by real estate tokenization when his team began researching ways in which blockchain technology could be leveraged to promote sustainable goals through improved infrastructure investment opportunities. The team saw this as an amazing opportunity and decided to seize it so they could continue building solutions that would help bridge the gap between traditional finance systems and emerging technologies such as blockchain technology and cryptocurrency markets.

Conclusion

Through his research and subsequent interviews with crypto news outlets like ours, Dr Yifeng Tian has proved that there is immense potential for benefiting both individuals and businesses who want access to improved financing solutions for their investments in infrastructure assets by leveraging blockchain technology through tokenizing them on distributed ledgers like Ethereum or other similar networks .

• Swiss bank Cité Gestion is collaborating with digital assets company Taurus to tokenize its shares.
• The tokenization process was accomplished under the standards set forth by the Capital Markets and Technology Association (CMTA).
• Tokenization is a relatively new trend in the financial infrastructure world, earning the trust of banking institutions, paving the way for TradFi players to bring more investors into the web3 era.

Swiss private bank Cité Gestion has announced its collaboration with digital assets company Taurus to tokenize its shares. This initiative by Cité Gestion will enable the bank to issue tokenized shares following Swiss law governing ledger-based securities. The tokenization process was accomplished under the standards set forth by the Capital Markets and Technology Association (CMTA).

The partnership with Taurus will enable the bank to implement smart contracts for issuing and listing its tokenized shares. According to the bank’s Deputy CEO, Christophe Utelli, the CMTA standard was the natural choice for the tokenization, as it ensures that an adequate risk management framework is at the heart of the process.

Tokenization is a relatively new trend in the financial infrastructure world, but it has rapidly earned the trust of banking institutions. This trust has paved the way for traditional finance (TradFi) players to bring more investors into the web3 era. Taurus stated that their partnership with Cité Gestion will provide a secure and compliant tokenized security issuance and listing to Cité’s shareholders.

The tokenization of the bank’s shares will offer its shareholders additional features and enhanced encryption. This will make it easier for investors to keep track of their investments and ensure that their assets are securely stored. It will also enable the bank to access a new pool of potential investors and expand its presence in the blockchain-based payment industry.

Cité Gestion’s tokenization of its shares is the first step towards a larger shift in the banking sector towards digital assets. This move will make it easier for banks to offer their services in a secure and efficient manner, as well as open up more investment opportunities to their customers. The tokenization of assets is quickly becoming a norm in the finance industry, and Cité Gestion’s move is likely to encourage other banks to follow suit.

Bullet Points:
1. Midas Capital paused borrowing activities due to a suspicious transaction involving a recently added collateral token.
2. The token, WMATIC_STMATIC, was listed with a supply cap of 250,000 to prevent grand borrows against the Liquidity pool.
3. Midas Capital had previously experienced a similar event when they launched BNB with Ellipsis, leading them to back LP tokens as collaterals.

Midas Capital, a venture capital organization that funds and supports blockchain projects to their success, recently announced that they had paused borrowing activities on their Jarvis Polygon pool due to an investigation of a suspicious transaction. Blockchain security watch firm Certik Alert revealed that the exploiter had gained 663,101 MATIC, worth $660,000 at the time of writing.

The token involved in this suspicious transaction was WMATIC_STMATIC, which was listed last week on the official Midas Capital website with a supply cap of 250,000. The company had discussed the idea of adding this token with their team, Jarvis network, in order to provide new options for pool utilizers. In addition, the supply cap was implemented in order to prevent grand borrows against the Liquidity pool tokens.

Midas Capital stated that they had made a wrong judgment in assuming that the pool was solely comprised of ERC20’s wrapped assets. They also believed that the previous re-entry attack wouldn’t affect them while using ‚raw call‘ the chain’s native token. Unfortunately, this was not the case and the company had experienced a similar event prior to the launch of BNB with Ellipsis when they had heavily backed LP tokens as collaterals.

Overall, this issue is currently being investigated and Midas Capital has taken the necessary steps to ensure that a similar situation does not occur in the future. They are confident that their oracle emanates from the Ethereum blockchain, which is a much more secure platform than they had previously thought. As of now, the company is working to resolve the issue and will continue to monitor the situation.

• FTX and its affiliated debtors have reached a cooperation agreement to streamline the liquidation of FTX’s subsidiary in the Bahamas.
• The agreement involves harmonizing the parallel FTX liquidation processes in Delaware and the Bahamas.
• FTX US and Bahamas groups have also affirmed a procedure to clarify the inventory underneath its regulation.

FTX, a bankrupt cryptocurrency exchange, and its affiliated debtors have entered into a cooperation agreement to efficiently streamline the liquidation of FTX’s subsidiary located in the Bahamas. The agreement, which was made due to the parallel FTX liquidation processes taking place in Delaware, where the company sought Chapter 11 bankruptcy protection, and the Bahamas, the location of FTX Digital Markets, seeks to harmonize the two jurisdictions involved in order to protect the interests of all parties affiliated with the exchange.

The joint interim trustees and the FTX debtors released a press statement, detailing their understanding of how they would cooperate in each jurisdiction. They also announced a procedure to clarify the inventory underneath their regulation, and are confident that the Bahamian Securities Commission (BSC) has protected their virtual assets.

John Ray III, FTX liquidations CEO, suggested that there were still some differences present in the disagreements between parties, despite their agreement. He added that there were still some gatherings of minds needed in order to bring the two sides to a mutual understanding.

The details of the agreement remain undisclosed, though it is believed that the agreement will facilitate a smoother liquidation process for FTX and its debtors. This is likely to be welcomed by FTX customers, who were left in limbo after the exchange filed for Chapter 11 bankruptcy protection in November, owing $3.1 billion to its 50 biggest lenders.