Connect with us

NFT News

How to protect against crime in the metaverse

Published

on

How to protect against crime in the metaverse



By taking advantage of flaws in virtual systems and user behavior, such as malware infections, phishing scams and illegal access to personal and financial information, cybercriminals prey on the metaverse.

Cybercriminals may target the metaverse in a variety of ways, including:

Phishing scams: Thieves may employ phishing techniques to deceive victims into disclosing personal information or login credentials, which can then be used for identity or data theft or other unlawful acts. Hacking: To steal money or personal information, criminals may try to hack into user accounts or metaverse platforms. Malware: To access sensitive data or carry out illicit operations, criminals may use malware to infect virtual environments or devices that support the metaverse. Frauds: Criminals may leverage the anonymity and lax regulation of the metaverse to carry out scams such as Ponzi or pyramid schemes. Ransomware: Thieves may use ransomware to encrypt a user’s digital possessions or personal data before requesting payment in exchange for the decryption key. Exploiting virtual goods and assets: Cybercriminals may use bots or other tools to buy virtual goods and assets, which they then sell on the black market for real money.  Creating fake digital assets: Criminals may make false virtual assets and sell them to unwary buyers, causing the victims to suffer financial loss. Social engineering: Thieves may take advantage of the metaverse’s social elements to win over people’s trust before defrauding them.

Related: How are metaverse assets taxed?

The “Crypto Crime Cartel” case is one real-world instance of cybercrime in the metaverse. In 2020, it was discovered that a group of cybercriminals had been working in the metaverse, more specifically in the online community of Second Life.

They tricked customers into submitting log-in and personal information via a phishing scam, which they then utilized to steal virtual money and digital assets. The group also perpetrated identity theft and other financial crimes in the real world using the stolen information. Money-laundering crypto criminals were successful in stealing digital assets and currencies worth millions of dollars.

This example demonstrates how cybercriminals might use the anonymity and lax regulation of the metaverse to carry out unlawful acts. It emphasizes the significance of exercising caution when using virtual worlds and taking precautions to safeguard private data and digital assets, such as using strong passwords, being wary of unsolicited requests for personal information and notifying the appropriate authorities of any suspicious activity.

The Decentral Games hack is just another instance of financial crime in the metaverse. A group of hackers attacked Decentral Games, a well-known metaverse gaming site built on the Ethereum blockchain, in 2021 by taking advantage of a flaw in the smart contract. They were able to steal Ether (ETH) and other cryptocurrencies valued at more than $8 million from users of the network.

This illustration shows how susceptible smart contracts and decentralized systems can be to hackers and other sorts of cyberattacks. It also demonstrates how a lack of oversight and regulation in the crypto and metaverse industries can make it simpler for criminals to commit cybercrimes and steal substantial sums of money.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NFT News

Arsenal NFTs: Access to Games and Luxury Stays

Published

on


Enjinstarter and Staynex team up for an extraordinary NFT campaign, granting fans unique access to matches and luxury accommodations with Arsenal NFTs.

As Arsenal Football Club dominates the Premier League, fans around the world are buzzing with excitement. Now, thanks to a special NFT campaign by Enjinstarter and Staynex, die-hard Arsenal enthusiasts have a once-in-a-lifetime opportunity to witness their favorite club compete for its first Premier League title since 2004. With Arsenal Journey Pass NFTs, fans can experience the thrill of the game in a whole new way.

Arsenal Journey Pass NFTs

Launching on OpenSea on April 7th, the Arsenal Journal Pass NFTs are a collaboration between Web3 launchpad Enjinstarter and blockchain-based membership platform Staynex. Only 400 NFTs will be available, granting token holders privileged access to an Arsenal home match of their choosing and Staynex’s luxury accommodation options.

Credit Nelson Ndongala

The Arsenal journey pass is expected to be priced at 400 USDT. Successful bidders can receive either a “Gooner” tier NFT, which includes general and club level access to a match and 4-star accommodation, or a “Legendary” tier NFT, offering box seat access and 5-star accommodation. Token holders can choose from a selection of four games.

Additionally, NFT holders will enjoy early adoption benefits and premium access to the Staynex platform, where users can purchase NFT-based vacation packages at resorts and hotels. These packages can be redeemed for stays at member properties or sold on the secondary market.

Collaboration and Innovation in the Web3 Space

Enjinstarter and Staynex exemplify the power of collaboration in the Web3 space. Enjinstarter is underwriting the sale of the Arsenal NFTs and making the project visible to its community, while Staynex gains visibility across the Enjinstarter ecosystem. The move is an example of the potential for creating value for sports fans and community members alike through synergy in the Web3 space.

“We need more symbiotic partnerships like this in the Web3 space. Web3 thrives on synergy, so when you can bring an iconic global brand and Web3 experts together, you can create real value for sports fans and community members alike. We wish Enjinstarter, Staynex, and Arsenal a successful launch,” said Khalil Abdulla, CEO of Masary Capital, the Dubai-based Web3 venture builder bringing Enjinstarter and Staynex together.

Arsenal is currently leading the English Premier League, and their recent performances have put them in a prime position to take the title. The Gunners have been playing with a sense of purpose and determination, and their results on the pitch say as much.

With Arsenal Journal Pass NFTs, a fantastic opportunity for football enthusiasts to immerse themselves in the excitement of the Premier League awaits.



Source link

Continue Reading

NFT News

ApeCoin Community Rejects Multi-Link APE NFTs Proposal

Published

on


ApeCoin DAO has recently made a significant decision regarding the introduction of two new NFT collections.  The community voted against the addition of the two new NFT collections, which would have expanded the APE ecosystem’s offerings. 

This decision highlights the power of decentralized decision-making and underscores the significance of community-driven governance. ApeCoin is an Ethereum governance token used to facilitate decision-making in the APE ecosystem.

Proposed New NFT Collections

ApeCoin allows holders to participate in the governance process regarding the development and direction of various projects within the Ape ecosystem. These include blue-chip NFT collections such as Bored Ape Yacht Club (BAYC), Meebits, and Mutant Ape Yacht Club (MAYC).

Aaron Leupp presented the AIP-206 proposal on January 13, aiming to create 20,000 items from two collections: Ape Coin Armoury Club and Ape Coin Pet Club. The collections were intended to bring ApeCoin into the metaverse, offer greater utility, and incentivize growth.

In the proposal, Leupp stated that “We are open to all debates, criticism, feedback, counters and thoughts since we would love to be a part of such a pioneering venture as this, and also would really love to continue to prove ourselves.” 

Project Cost and Voting Results

The proposal, which would have cost $168,000, aimed to design collections similar to The Sandbox [SAND] and Decentraland [MANA]. This marked another attempt by Yuga Labs to expand its NFT participation.

Current results of the ApeCoin DAO AIP 206 Proposal

Currently, almost 89% of voters have rejected the proposal, while only 6.92% support it. Although looking bleak for the ‘Yes’ voters, the vote is still ongoing. The proposal sought to offer the community ownership of these items at no cost and provide opportunities for BAYC, MAYC, and other collection holders to pivot.

Final Thoughts

Ultimately, the ApeCoin community‘s rejection raises questions about the sustainability of the NFT market. While blue-chip collections have experienced a decline in volume, Crypto Punks remains an exception. 

The rejection of the AIP-206 proposal highlights the community’s cautious approach to expanding its NFT collections and emphasizes the importance of community governance in the ApeCoin ecosystem.

Frequently Asked Questions

What is Apecoin?

APE is a community-driven token designed to empower the future, constructed and governed by its members. This decentralized protocol layer will facilitate community-led endeavors that propel culture into the metaverse.

What is the Ape Foundation?

The APE Foundation aims to nurture the expansion and evolution of the APE ecosystem equitably and inclusively. By employing the Ecosystem Fund, managed through a multisig wallet, the foundation covers its expenses as directed by the ApeCoin DAO. This structure enables ApeCoin holders to engage in collaborative, open, and unrestricted governance procedures.

What is the ApeCoin DAO?

The APE Improvement Proposal Process (refer to Governance) empowers ApeCoin DAO members to determine the allocation of the Ecosystem Fund, governance regulations, projects, collaborations, and more. ApeCoin DAO membership is accessible to all ApeCoin holders.

What is the board?

A unique council within the APE Foundation, referred to as the DAO’s “Board,” offers supervision over the Foundation administrators at the request of ApeCoin DAO members. The Board’s primary function is to manage DAO proposals and fulfill the community’s vision. It convenes on proposals that necessitate administrative evaluation under ApeCoin DAO regulations. The inaugural Board serves a six-month term, followed by annual voting on Board members by DAO members.





Source link

Continue Reading

NFT News

Best Crypto to Buy Now – CFX, MASK, OP

Published

on

Best Crypto to Buy Now – CFX, MASK, OP


As Bitcoin forges ahead in its pursuit of the significant $30,000 level, the cryptocurrency is experiencing a resurgence of bullish momentum after a temporary dip related to regulatory issues, with investors eying a fed pivot sometime this year. How might this affect the best cryptos to buy now?

Bitcoin saw its value rise for the second day in a row today, gaining 4.14% so far today and trading at $28,401 as of writing.

On Monday, Bitcoin’s price experienced a downturn, hitting a 10-day low following the initiation of legal action against Binance by the US Commodity Futures Trading Commission (CFTC).

The lawsuit accuses Binance of contravening regulations related to trading and derivatives.

As a result, the world’s largest cryptocurrency exchange has seen withdrawals of more than $1.6 billion as of writing.

Binance, for its part, contested many of the assertions presented in the legal filing.

In the ever-evolving regulatory landscape of cryptocurrencies, investors are advised to be cautious and conduct thorough research when choosing which digital assets to invest in.

By carefully considering both the technical analysis and fundamentals, a selection of promising cryptocurrencies has been identified as some of the best cryptos to buy no in the current market: CFX, LHINU, MASK, FGHT, OP, and TARO.

Conflux (CFX)

The technical indicators for Conflux (CFX) indicate a strong bullish trend for the Chinese cryptocurrency.

The 20-day, 50-day, and 100-day EMAs of $0.3246, $0.2498, and $0.1787 respectively show a bullish crossover pattern with the shorter-term EMAs crossing above the longer-term EMAs.

This is a bullish signal indicating rising momentum and continuation to the upside.

The RSI of 61.89 is also in the bullish territory above 50. This suggests that buying pressure outweighs selling pressure.

There is still room for continued upward momentum before the crypto reaches overbought levels.

Additionally, the MACD histogram which measures the difference between the MACD line and its signal line shows decreasing negative values.

The previous day’s MACD histogram was -0.0067 while the current day’s MACD histogram is -0.0029.

This convergence reflects slowing downside momentum and potential trend reversal. A cross above the zero line would confirm a bullish trend reversal.

The trading volume of 421.492 million is also higher than the previous day’s volume of 341.255 million and the volume moving average of 672.823 million.

The increase in volume during an upward trend signals buying interest and strength in the trend.

However, the volume moving average is still significantly higher than the current volume, indicating some weakness in momentum.

For the upward trend to be sustainable, volume levels should increase to surpass the volume moving average.

In addition, CFX has been trading sideways above the 50% Fibonacci retracement level for the past four days.

The crypto is now attempting to break out of its consolidation range of $0.3050 to $0.3600 as it trades at $0.4132 with a gain of 16.66% so far today.

If Conflux successfully closes above the Fib 0.786 level at $0.4117, it can surge toward the next resistance level of $0.4876, which is the YTD high for the cryptocurrency.

Meanwhile, potential support levels lie at the Fib 0.618 retracement of $0.3520 and the 20-day EMA of $0.3246 in case of a failed breakout. 

The technical indicators suggest a bullish trend for Conflux (CFX). However, volume needs to increase and CFX needs to break out of its consolidation range to confirm sustained upward momentum.

The Meme Coin to Watch: Love Hate Inu’s Presale Attracts Investors

Love Hate Inu ($LHINU) is a cryptocurrency project that ingeniously combines the vote-to-earn model with the allure of meme coins and has achieved remarkable success by raising $2.1 million in its ongoing presale.

As the presale progresses, there are fewer than six days remaining in Stage 3 of 8. Consequently, the token’s price is scheduled to increase from $0.000095 to $0.000105 soon in Stage 4.

This development has prompted potential investors to take swift action to secure their stake in this highly sought-after meme cryptocurrency.

Remarkably, in just two weeks, Love Hate Inu has reached the impressive $2 million milestone.

This achievement has led to comparisons with well-established meme coins such as Dogecoin and Shiba Inu.

Furthermore, some analysts have gone so far as to label $LHINU the “Dogecoin Killer” and consider it a prime investment choice in the meme coin space.

Love Hate Inu’s mission is to bring innovation to the polling and survey sectors by leveraging blockchain technology and the popularity of meme coins.

Impressively, the project has garnered significant attention, amassing 32,000 Twitter followers within weeks of its launch.

The platform is designed to allow users to vote on a wide range of topics in a secure and transparent manner.

Both brands and individual consumers have the capability to initiate polls, and brands have the added advantage of offering incentives in the form of digital and physical rewards to participants.

In addition to these features, Love Hate Inu integrates non-fungible token (NFT) technology, enabling companies to distribute digital vouchers and promotional codes.

As Love Hate Inu’s presale approaches its next price increase, the project offers investors a chance to contribute to the future of polling.

Acquiring the token is possible using ETH, BNB, or USDT, and notably, presale participants are not subject to a lock-up phase.

With its innovative approach to polling, strong community engagement, and promising investment potential, Love Hate Inu is emerging as one of the best cryptos to buy now.

Visit Love Hate Inu Now

Mask Network (MASK)

Mask Network, a decentralized platform constructed to facilitate secure interactions and social transactions on prevalent social media platforms, has seen a notable increase in the value of its token today.

MASK has experienced a 28.93% jump for the past week as of writing, and the positive sentiment surrounding the project is clear.

With no signs of slowing down, MASK is showing strong bullish momentum based on the technical indicators.

The 20-day EMA, 50-day EMA, and 100-day EMA are all trending upwards, indicating a sustained uptrend in price over different time frames.

The RSI is at an overbought level of 66.89, which may indicate that a short-term pullback is possible.

However, if the uptrend remains intact, the RSI could continue to rise and stay in overbought territory for some time.

The MACD indicator is also reflecting a bullish trend. The MACD histogram is increasing, and the current day MACD histogram of 0.151 is higher than the previous day’s 0.132. This shows that upward momentum is accelerating.

The significant increase in volume from 13.665 million to 16.74 million also suggests that the upward move is strong and supported by real demand.

Mask Network (MASK) reached a new year-to-date (YTD) high today, surging to an intraday peak of $7.20. At the time of writing, MASK is trading at $6.924, up 4.80% so far today.

In the short term, MASK faces immediate resistance at the $7.394 to $7.536 horizontal resistance area.

If this resistance level is breached, MASK could accelerate upwards to challenge the $9 psychological resistance level.

On the downside, the previous resistance area of $6.187 to $6.516 could potentially serve as support.

All in all, the technical indicators are painting a bullish picture for MASK in the near term, although some consolidation or a minor pullback could occur given the overbought signals.

The trend remains bullish as long as MASK stays above the key exponential moving averages and support levels.

Fight Out Secures Millions Before Launch; One of the Best Cryptos to Buy Now

Fight Out is a blockchain-based fitness platform that skillfully merges the principles of fitness gamification with facets of the metaverse.

It has successfully garnered over $5.99 million in funding as it nears the conclusion of its presale, with less than three days left for interested parties to join.

The digital landscape has undergone significant changes in recent years, as numerous real-world activities have migrated to online platforms, resulting in improved efficiency and cost savings.

This trend is observable across various industries, including education, media, entertainment, retail, and healthcare.

The fitness industry has not been left behind in this digital shift, as online fitness applications offer customized workout plans and dietary tracking.

However, traditional fitness facilities and exercise applications often face challenges in retaining users, mainly due to insufficient motivation and engagement.

Fight Out aims to address these challenges by integrating play-to-earn and train-to-earn features into its platform. 

By doing so, Fight Out aspires to create an engaging and rewarding fitness experience that keeps users motivated and involved in their fitness journey.

The unique fusion of fitness and cryptocurrency elements has captured the attention of both industries, leading to an explosion of interest in Fight Out’s proprietary digital currency, $FGHT.

During the presale, the token is available at a discounted price. As of now, the presale pricing for one $FGHT token is $0.03330 USDT.

Investors have a limited time frame—less than three days—to take advantage of this promotional price, as it is scheduled to increase to $0.333 USDT on March 31.

On April 5, $FGHT is then set to be listed on multiple cryptocurrency exchanges, including Uniswap, Lbank, XT.com, BitForex, DigiFinex, Transak, and BKEX.

The listing is anticipated to boost liquidity and provide broader access to investors interested in supporting Fight Out’s mission.

Visit Fight Out Now

Optimism (OP)

Optimism (OP), a leading Layer-2 scaling solution for the Ethereum (ETH) blockchain, has experienced a substantial increase in its price, closing Tuesday’s candle with a gain of 6.04%.

The recent surge in trading activity for OP may be attributed to the announcement by Conduit, a crypto-native infrastructure platform, of its successful $7M seed funding round led by Paradigm and its collaboration with Optimism.

From a technical analysis perspective, the exponential moving averages for OP are closely aligned, indicating steady trend momentum.

The RSI is at a neutral level of 45.48, suggesting that buying and selling pressures are evenly matched.

The MACD histogram is still negative but is converging towards zero, reflecting a slowing bearish momentum.

If the histogram crosses into positive territory, it would signal a bullish trend reversal.

The significant increase in volume to 19.45 million suggests that the recent price surge is supported by real demand.

However, the volume has since declined, and the volume moving average of 32.447 million indicates weakening momentum.

For the uptrend to be sustainable, volume levels should increase to surpass the volume moving average.

OP is currently trading at $2.240 with a gain of 2.19% so far today.

In the near term, OP faces immediate resistance at the Fibonacci 0.618 retracement level of $2.372, which is in confluence with the 20-day and 50-day EMAs at $2.378 and $2.383, respectively.

On the downside, the 100-day EMA at $2.1402 and the Fibonacci 0.5 level at $2.089 could potentially serve as support.

If the price of OP falls below these support zones, it may indicate weakening bullish momentum, which could pull the price down to the next support level of $1.90.

Step Into the Metaverse: Robotera’s Presale Heats Up

The metaverse has garnered worldwide interest for its capacity to reshape human interaction, business, and entertainment.

RobotEra is an emerging metaverse crypto venture that is well-positioned to lead in this field.

RobotEra enables users to create in, trade, and explore in a mesmerizing virtual world, reimagining metaverse engagement.

The project’s token presale is now live, offering gaming enthusiasts a prime opportunity to participate using TARO metaverse crypto.

RobotEra’s metaverse gaming project allows players to build in the virtual world using the TARO token for land purchases, NFT ownership, and economic activities.

Players can create landmarks, display artistic talents, and contribute to an interactive ecosystem.

In RobotEra’s immersive narrative, players take on the roles of robots tasked with reconstructing a war-ravaged planet.

The game offers players the ability to craft unique Robot Companions, represented as tradable and leasable NFTs.

Additionally, land parcels within the game, also tied to NFTs, can be creatively developed and exchanged among players.

To enhance the user experience, RobotEra provides an intuitive editing tool that facilitates asset creation and customization without the need for coding expertise.

RobotEra’s Decentralized Autonomous Organization (DAO) also allows players to participate in governance and make collective decisions, fostering community and ownership.

The RobotEra presale offers a chance to join the metaverse experience, with a minimum purchase of 1,000 TARO tokens at $0.020 each, which can be purchased using either USDT or ETH.

RobotEra’s unique concept, ease of use, and monetization options make it one of the best cryptos to buy now as the metaverse continues to transform digital interactions.

Visit RobotEra Now



Source link

Continue Reading

Trending

WP Twitter Auto Publish Powered By : XYZScripts.com