Representatives from tech giant Intel will debut what they've called an "Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC", dubbed "Bonanza Mine", during a technology event next month.

The post Intel to give presentation on energy-efficient ‘Bonanza Mine’ Bitcoin ASIC next month appeared first on The Block.

The Swiss National Bank does not see any overall benefit from issuing a central bank digital currency (CBDC) to be used by the general public and used in day-to-day transactions, governing board member Andrea Maechler said on Tuesday. “We believe the risks outweigh the benefits,” Maechler told a financial conference held in Frankfurt, saying a […]

Read full post Swiss National Bank is not in favor of issuing a retail CBDC. on Chaintimes.com.

At the time of writing, Rematic hasn't been able recovered the stolen funds, however, the U.S. authorities have been notified of the attack. Nevertheless, the company's CEO, Mike Pazuki, announced that several new measures have been put in place to tighten security and avoid future incidents like this.

How It Happened

Last year, Rematic announced it would host an AMA Session in early January. The event represented an excellent chance for the project to solidify its trust and transparency. Also, it would give investors a sneak peek into the platform's development status, budgetary updates, and how their voting service will work.

The AMA Session kicked off on January 2 with overwhelming community support. Unfortunately, it also brought some unwanted attention as the unidentified scammers saw an up and coming project as an opportunity to defraud them.

Rematic CEO commented on the incident:

"RMTX was scammed out of 20 Trillion RMTX, which was valued at $300k at the time this happened. This was done through a reverted transaction of over 7 BTC during the transfer of RMTX to and the supposed investors." 

Allegedly, a group of so-called investors expressed their interest in RMTX tokens. They provided verifiable LinkedIn accounts and credentials, appearing as reliable, well-intended investors. Therefore, the core team did not have a reason to suspect any malicious actions.

The well-planned scam played out over several days after the initial contact. During this period, both parties engaged in several conversations about the company, future objectives, various investment options. After an agreement was struck, the two parties conducted small transactions involving negligible amounts to confirm wallets. After that was completed, the imposters sent over 7 BTC in exchange for 20 trillion $RMTX. During the large transfer, the scammers reverted the BTC deposit. They then quickly liquidated the received RMTX, thus allowing them to keep their 7 BTC and cashing in on selling all of the RMTX they just received.

After notifying the authorities, Rematic immediately informed its community about the incident, sticking to the team's mantra, "Transparency Above All Else."

This is not the first time an up-and-coming project has fallen victim to this kind of crypto scam. There are at least two other communities victimized by the same attack, however, Rematic has been hit the hardest so far. 

How Rematic Tokens LLC is Rectifying the Incident

The ongoing issues could taint Rematic's credibility with the public. Nevertheless, the platform is working to regain its members' trust. Also, the team expressed their gratitude to the community, which is continually offering its support publicly through multiple AMA sessions. 

The core team encouraged users to express their opinions on the issue freely and openly called for stricter security measures:

"While other tokens were scammed for smaller amounts, they have not yet been able to recover from this as RMTX has. We credit this to our amazing community, which has rallied around this incident, and because of their support, we are stronger than ever before. We are extremely fortunate to have a community like this." – CEO, Mike Pazuki

Now, Rematic is working with attorneys and accounting professionals to implement better policies and practices in regard to organizational financial management. This will ensure the project remains true to its mission of making the crypto space better and safer for everyone.

About Rematic Tokens LLC

The $RMTX token reflects EGC on the Binance Smart Chain allowing users to hold $RMTX to earn $EGC. On top of that, having $EGC will enable you to earn $BUSD.

The project launched on December 3, 2021, and has grown steadily since its debut. During the token launch, it garnered 1000 BNB in less than 3 hours, further proving its impressive potential. Currently, the team believes that $RMTX is still just in its infancy with some much potential for growth. Its community now has over 5000 members and growing by several hundred per day. With the decentralized blockchain-based voting platform due for release towards the end of Q2 2022, the best is yet to come for this new project.

For more information, visit: 

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O’Leary says many sovereign funds are looking to invest in Bitcoin mining operations and…

The post Kevin O’Leary says he could start a Bitcoin mining operation this year appeared first on Coin Journal.

ENJ coin price action is under the influence of a bearish descending triangle pattern. Will buyers lose the $2.1 support as well? The Enjin blockchain ecosystem seeks to provide software solutions that enable anyone to build, trade, monetize and trade using blockchain. Established in 2009, Enjin is a part of the gaming industry. Its roots are in its first product, a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Enjin Coin is an electronic store of value that is used to protect the value of blockchain assets, such as Non-fungible Tokens (NFTs). Each asset created using the Enjin Platform contains ENJ, the minting resource that is kept in NFTs until taken out of circulation. Minting blockchain assets using the Enjin token offers a range of advantages for creators and users: Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ The correction phase in ENJ is struggling to break down from the $2.1 support. However, the series of lower highs in the technical chart has revealed a descending triangle pattern. The pattern presents its neckline at the $2.1 mark, and the crypto traders should wait for the price to breach this support to get a sell signal. Furthermore, the decreasing volume activity within this pattern indicates the trapped momentum, which should outburst when the price escapes the chart pattern. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price has recently faced another rejection from the descending trendline. The coin is currently approaching the bottom support after completing a falling three-method candle pattern. The crypto traders should closely watch for price action at this high area of interest. As the price might retest this $2.1 for another support. Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend as the coin price is still trading above the 200 EMA. However, the other EMA lines could interrupt any bullish attempt.  The RSI indicator (43%) moving below the neutral line indicates a bearish sentiment among the market participants. The RSI slope has dropped below the 14-day SMA line. The MACD indicator shows several crossovers among the MACD and signal line due to the consolidating price action. However, the price action is still under a bearish influence as these are roaming below the neutral line. In short, the price action resonating in the triangle pattern might have caused inactive momentum in the technical indicator. However, they still indicate an overall bearish outlook for the ENJ coin. Upcoming Trend The failure to sustain above the $2.1 support will boost the selling pressure in this coin and drop it to an even lower level, i.e., $1.75 or $1.5. Even though this pattern promotes the continuation of bear attacks. The final call depends on the price action, on which side it provides a breakout. Therefore, the crypto traders should be patient till the price doesn’t breach the bottom support($2.1). The ENJ coin price chart suggests the next support levels at $1.7 and $1.5. And, in case of a bullish reversal, the price can find resistance at $2.5 and 50-day EMA. At the time of writing, the technical analysis by TradingView shows a rise in bearish sentiments as it gives a “SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

The post ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.

An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The regulator reiterates in the warning that crypto-assets are a high-risk and speculative investment. Scammer Tactics The Australian financial services regulator, the Australian Securities and […]

London-based venture capital firm Blossom Capital, founded in 2017 as a generalist investor, announced its plans to plow considerably more money into the cryptocurrency market. Blossom has this morning announced a new $432 million fund, its third to date. The cash will be directed to European startups seeking Series A capital across various sectors, including […]

Popular cryptocurrency analyst Michaël van de Poppe has revealed he believes the price of Cardano ($ADA) has bottomed out after dipping to $1 and is now “targeting” a rally toward the $2 mark as investors move in. In a new update shared on the Google-owned platform YouTube, van de Poppe has noted that Cardano is […]

MetaMask revealed exclusively to BitPinas that it has roughly 3.57 million users in the Philippines, which is 17% of the 21 million users the wallet said it acquired November of last year.

The post MetaMask Has 3.57 Million Users in the Philippines in 2021 appeared first on BitPinas.

Anyone who purchases a qualifying VR headset will also get two free months of Viveport Infinity. HTC Vive has a lot going on in 2022. Over the past several months the company revealed its new Vive Wrist Trackers, a partnership with Lumen Technologies to deliver private 5G experiences to their Focus 3 headset, and a […]

The post HTC Winter Sale Offers Major Discounts On VIVE Headsets And More appeared first on VRScout.

Singapore-based cryptocurrency exchange Crypto.com has closed a five-year partnership with the Australian Football League in a $25 million deal that will see it reach the AFL’s millions of viewers. According to a press release shared with CryptoGlobe, the new partnership will see Crypto.com become the official cryptocurrency exchange and official cryptocurrency trading platform of AFL […]

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