Daily Crypto News | December 3rd, 2022

Daily Crypto News | December 3rd, 2022

Daily Crypto News | December 3rd, 2022

Welcome to Barmy’s Daily Crypto News – December 3rd, 2022

1. The ex-president of FTX US planning to launch a start-up

According to The Information, Brett Harrison is seeking $6 million in capital to launch a start-up that will create crypto trading software for large investors, just one month after the contentious collapse of Sam Bankman-FTX Fried’s exchange and 130 related companies. A $60 million value would be used for Harrison’s investment round.

Harrison made the decision to leave his position as president of FTX US and transition into an advising role on September 27. This was more than a month before the notorious collapse of FTX. As a result, the businessman was not immediately charged with having a direct hand in the theft of users’ money.

Harrison, too, stated that he was “surprised and disappointed” by what SBF and his cronies were able to accomplish through deception following the FTX crash, though. After FTX crashed, a hacker was able to access some of the exchange’s cash and has since been actively attempting to steal the money.

2. Instant NFT minting via Launchpad is made possible by the Opera Crypto Browser

Opera announced in a press release issued to Cointelegraph that it has teamed up with Alteon LaunchPad to make it simple for newcomers to Web3 or the NFT market to mint NFTs. Users will have access to a feature that lets them dump media files into the browser, which then converts the files into NFTs by writing a smart contract and uploading them to a blockchain.

Susie Batt, an executive at Opera, claims that doing this will enable consumers to explore Web3 and participate in the ecosystem. The team anticipates that users who have no prior knowledge with Web3 will be able to use the tool to access the Web3 economy. This implies that NFTs will be easier to produce by artists from various backgrounds.

The Alteon project, which focuses on streamlining procedures, is the one that offers the NFT minting tool. The objective of this integration, according to Matt Cimaglia, co-founder of Alteon, is to “level the playing field” for content creators from varied backgrounds.

3. Animoca – co-founder of billion-dollar metaverse fund for developers

Nikkei Asia reported on November 30 that the GameFi champion and metaverse producer Animoca Brands had aspirations for a $1 billion fund.

Yat Siu, a co-founder of Animoca Brands, stated in an interview that the fund might have up to $2 billion available to distribute to mid- to late-stage firms with a focus on the metaverse. It has not yet been decided how much money would be made available to developers from the fund.

There will be no geographic constraints on who can receive funding, and the main emphasis will be “anything on digital property rights,” according to Siu’s interview.

He added that the funds are meant to reflect the Web3 – metaverse space’s more advanced developmental climate, which enables investors to pursue capital efficiency and maximize returns.

Investors and the surrounding community continue to be optimistic about the metaverse as a center of future online engagement despite some recent setbacks with incorrectly interpreted metaverse engagement statistics.

4. Ankr will reissue aBNBc tokens

Ankr declared that it would be reissuing aBNBc coins and assured users that it would evaluate the situation and provide compensation if necessary.

A trader took advantage of the price disparities caused by the hacker’s dump of Ankr Reward Bearing Staked BNB (aBNBc) tokens on the BNB Chain-based protocol Ankr to turn $2,879 into $15.5 million.

As Cointelegraph previously reported, security company Beosin hypothesized that the multimillion-dollar exploit would have resulted from flaws in the smart contract code and stolen private keys as a result of a technological upgrade. The price of aBNBc substantially decreased after the hacker created and disposed of 20 trillion aBNBc tokens.

In addition to the trade losses, the exploit might have had an impact on Helio’s total locked value. Around 87 million TVL were in the HAY stablecoin prior to the hack. HAY currently owns $0 in TVL, according to the decentralized financial data tracker DefiLlama, as of the time of writing.

Helio Protocol assured users in a message to its community that their assets were secure and that all of their staked BNB was held by validators. The protocol has currently stopped all of its operations and asked HAY holders to halt all transactions.

Ankr said that it would be issuing new aBNBc tokens after recently requesting that decentralized exchanges suspend trading. The site made a commitment to evaluate the circumstance and reimburse impacted users.

5. Firefox developer Mozilla fully commits to the metaverse

Mozilla, a web development company well known for its web browser Firefox, has jumped into the Web3 and metaverse development sector, joining the rush of other legacy internet platforms.

To assist in the creation of virtual events, Active Replica is joining Mozilla’s Hubs maker platform. The creator of the virtual experience has already collaborated with Mozilla during the multi-day Mozfest arts and technology festival that took place earlier this year.

The acquisition of Mozilla will aid in the expansion of Active Replica’s long-term objectives, the company reaffirmed in its official statement. Active Replica will continue to collaborate with its current partners.

The next day, the business announced yet another acquisition, this time of machine learning developer Pulse, indicating Mozilla’s shift to concentrate on the future of the internet.

The metaverse continues to garner attention both inside and outside of the Web3 space, which is why Mozilla is taking this action to develop its metaverse plans.

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