Generative Data Intelligence

Tag: Transferring

This Week in Coins: Bitcoin Falls Amid Russian Invasion as LUNA Leaps Almost 50%

Even as armed conflict dominated headlines, crypto's push toward mainstream acceptance continued.

The Value of Third-Party API Integrations

FinTech and financial institutions alike need to bring forth financial technologies that improve both the customer and employee experience. The challenge is building and launching these technologies quickly, efficiently, and within a scalable, sustainable model. Enter the hidden value of third-party software integrations.

The post The Value of Third-Party API Integrations appeared first on Finovate.

How To Play Minecraft In VR On The Quest Without A PC

Here’s how to get started playing Mojang’s bestselling game on Meta’s bestselling VR headset. Minecraft is now available to play on the Meta Quest and Meta Quest 2 without the need of a PC thanks to an unofficial port developed by a team of independent developers. This is a full port of Minecraft 1.18, allowing […]

The post How To Play Minecraft In VR On The Quest Without A PC appeared first on VRScout.

FBI Warns of BEC Scams Abusing Virtual Meeting Platforms

The Federal Bureau of Investigation (FBI) this week issued an alert regarding the increasing use of virtual meeting platforms to conduct business email compromise (BEC) and email account compromise (EAC) scams.

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FBI: Cybercriminals Using Virtual Meeting Platforms to Wage BEC Attacks

Attackers are increasingly executing business email compromise (BEC) scams by impersonation of executives via virtual meetings.

Umbria Network Releases Lowest-cost Avalanche Cross-chain Bridge

Umbria ($UMBR) is pleased to announce the full public launch of its highly anticipated Avalanche (AVAX) bridge ahead of schedule. 

Users of Umbria's Narni liquidity bridge - bridge.umbria.network - can now move their Ether (ETH) between the Ethereum Mainnet and the Avalanche network quickly, easily and cheaply; approximately 90% less than the official AVAX bridging solution. Comparison testing of the two bridges for sending 0.01 ETH from the Ethereum network to the Avalanche network (February 11th, 2022) provided the following results: 

Narni Bridge – Cost: $2.43; transaction speed: 2 minutes and 42 seconds

AVAX official bridge - Cost $27.62; transaction speed: 10 minutes and 34 seconds 

View the comparison video demonstration here.   


The Narni bridge already provides the fastest and cheapest bridging from the Ethereum network to the Polygon network and Binance Smart Chain (and vice versa) and will shortly be adding Fantom. A further eight bridges for EVM-compatible chains are planned in 2022 as per the Umbria roadmap. In addition to transferring assets between these networks, users can provide liquidity to the bridge as a single asset to earn high APY with no impermanent loss. Whenever a participant bridges assets between two cryptocurrency networks using Narni, the liquidity providers receive a share of a 0.2% fee in the native crypto/token they supplied - bridge.umbria.network/pool


“Onboarding new crypto users to Avalanche can be difficult due to the technical challenges and knowledge required, the lengthy transaction times and the prohibitive costs. Our bridging protocol removes these barriers, which ultimately increases access to Avalanche projects from Ethereum,” said Barney Chambers, co-lead developer and founder of Umbria Network. “We're looking forward to introducing an even wider audience to the Umbria ecosystem and are excited to be moving ever closer to being the hub for the cheapest and fastest cross-chain transactions.” 


Join Umbria's AVAX Twitter Space on Thursday, 24th February at 5pm UTC to find out more:  https://twitter.com/i/spaces/1OdJrBYZaDnJX

Umbria is looking to reach out to projects on AVAX that would benefit from cheap and fast bridging. Any parties interested in a partnership should fill out the Partnership Contact Request form: https://partner.umbria.network/

- Ends –


See the latest data on UMBR on CoinMarketCap and CoinGecko:

https://coinmarketcap.com/currencies/umbria-network/news/

https://www.coingecko.com/en/coins/umbria-network


About Umbria

https://umbria.network/

https://bridge.umbria.network/


Operating within the DeFi and NFT space, Umbria Network enables anyone to migrate cryptocurrency assets across chain cheaply and quickly and earn high APYs on those assets with no impermanent loss. 


Umbria's flagship Narni cross-chain bridge is solving current blockchain interoperability issues. Narni removes the difficulty and expense of moving assets between blockchains and is the fastest and cheapest cross-chain liquidity bridge between the Ethereum and Polygon networks. Narni eliminates the barriers to entry for engaging with DeFi applications and NFTs making them much more accessible to a wider audience.  


The Umbria ecosystem, built on Polygon, has three major protocols:

  1. A Cross-chain Asset Bridge: enables the fast and cheap transfer of assets between otherwise incompatible blockchains and cryptocurrency networks.
  2. A Staking Pool: users can earn interest on their crypto assets by providing liquidity to the Narni bridge 
  3. A Decentralised Exchange (DEX): an automated liquidity protocol powered by a constant product formula, deployed using smart contracts and governed entirely on-chain. Provides fast and cheap token swapping

UK-publicly listed Online Blockchain plc (LSE: OBC) acts as Umbria's coordinator, administrator and advisor. This provides a level of transparency rare in the DeFi space.

For media enquiries, contact Francesca De Franco - [email protected] 

‘Don’t Be Google’: The Rise of Privacy Focused Startups

Google once used the slogan "don't be evil" to distinguish itself from its competitors, but now a growing number of pro-privacy startups are rallying to the mantra "don't be Google".

They are taking on Google Analytics, a product used by more than half of the world's websites to understand people's browsing habits.

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Sophisticated FritzFrog P2P Botnet Returns After Long Break

A sophisticated botnet named FritzFrog has returned after a long break with new capabilities, and researchers believe it may be linked to Chinese threat actors.

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Moonstake Collaborates with deBridge to Enable Cross-chain Bridge for Assets and NFTs

SINGAPORE, Feb 14, 2022 - (ACN Newswire) - Today, Moonstake is happy to announce our collaboration with the innovative cross-chain interoperability and liquidity transfer project deBridge. Through this collaboration, Moonstake will become a validator for the deBridge network that facilitates seamless bridging of any arbitrary asset and data, and NFTs across a wide range of blockchains including Ethereum, Binance Smart Chain, HECO, Arbitrum, and Polygon initially, with many more to come. Their infrastructure is enabling interoperability not only for assets and data, but also for NFTs and Metaverses.


Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. Currently, Moonstake supports 14 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, and Shiden. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1.8 Billion and by June 2021, Moonstake was the third best staking provider in the world out of 15,000 staking providers worldwide. In March 2021, the company entered DeFi with Muse.Finance, a DeFi platform, and will continue to expand into the DeFi business.

deBridge is a cross-chain interoperability and liquidity transfer protocol that allows truly decentralized transfer of arbitrary data and assets between various blockchains. The cross-chain intercommunication of deBridge smart contracts is powered by the network of independent validators elected by deBridge governance. These elected validators, which now includes Moonstake through this partnership, run a full node of each supported blockchain and the deBridge node to perform validation of cross-chain transactions that pass between smart contracts of the deBridge protocol in different chains.

deBridge commenced during the Chainlink Global Hackathon where the team strived to solve the urgent problems of transferring data and liquidity between blockchains and the lack of a single decentralized standard for bridging assets. The project was awarded the grand prize, taking first place among more than 140 teams worldwide.

On the collaboration, Founder of Moonstake, Mitsuru Tezuka, says: "As one of the world-leading staking providers, Moonstake is happy to support deBridge in building a truly decentralized cross-chain interoperability framework for blockchains, protocols, and applications as an official validator. We are very impressed with deBridge technical prowess and strong vision for not only technological innovation but also security for users, both of which are also key values that align with the vision of Moonstake to enable users the most advanced, safe, and friendly experience with digital assets.".

Alex Smirnov, CEO of deBridge, comments: "Our team is thrilled that Moonstake will be a part of deBridge's validator network to facilitate security and reliability. It's important for us to have experienced validators when we're building cross-chain infrastructure, and we're looking forward to working with Moonstake moving forward.

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnerships have been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 1 billion. https://www.moonstake.io/

About deBridge

deBridge is a cross-chain interoperability and liquidity transfer protocol that allows truly decentralized transfer of assets between various blockchains. The cross-chain intercommunication of deBridge smart contracts is powered by a network of independent oracles/validators elected by deBridge governance. deBridge protocol is an infrastructure platform and hooking service which aims to become a standard for:
- Cross-chain composability of smart contracts
- Cross-chain swaps
- Bridging of any arbitrary asset and data
- Bridging of NFTs

https://debridge.finance/

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comToday, Moonstake is happy to announce our collaboration with the innovative cross-chain interoperability and liquidity transfer project deBridge.

Injective Protocol (INJ) rallies 100%+ after launching cross-chain support for Cosmos

INJ books a 100%+ gain shortly after the release of the Injective Bridge v2 and the launch of DEX-based perpetual futures for ATOM.

Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment

kenyan-central-bank-document-discusses-benefits-and-risks-posed-by-cbdc-—-public-asked-to-comment

Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that rolling out a CBDC could also pose risks to the same. CBDC’s Impact on Financial Stability The Central Bank of Kenya (CBK) has suggested in a discussion…

The post Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment appeared first on Bitcoin News Miner.

Elderly Woman Arrested in Ireland in Connection With €1 Million Crypto Scam

A 60-something was recently arrested in Dublin, Ireland for her alleged involvement in a €1 million ($1.1 million ) crypto scam.  According to a report by DublinLive, the woman was arrested on suspicion of scamming an investor out of €1 million in a plot involving cryptoassets. The unnamed suspect is reportedly being held in detention […]

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