Get a daily bite-sized digest of blockchain and cryptocurrency news and investigate the stories flying under the radar in today's news.
Today’s cryptocurrency news:
- All MetaMask users will now receive security warnings
- ELOOP is building a machine RWA tokenization platform on top of peak
- ZKX launches pro trading on Starknet for experienced traders
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All MetaMask users will now receive security warnings
After a successful beta phase, consensus-Developed wallet metamask and Web3 security provider blockade We are announcing the integration of privacy-preserving security alerts by default for all MetaMask extension and mobile app users.
According to a press release shared with crypto news,
“This ensures that 100% of the world's leading self-custodial wallet's users around the world automatically receive alerts about potentially malicious transactions, thereby increasing the overall security of the wallet. Masu.”
Security alerts were integrated by default. ethereum mainnet on January 29 via ext. Now available on Mobile and Ext. Linea, BNB chain, polygon, Arbitrum, optimismand avalanche.
In 2024 alone, MetaMask
“Security alerts that protect your privacy can prevent hundreds of millions of dollars worth of assets from being stolen. In the long term, the impact of these security alerts is expected to be enormous.”
This also positions MetaMask ideally for broader adoption, the press release added. The company's monthly active users (MAUs) increased by 55% from September 2023 to January 2024, from 19 million four months earlier to more than 30 million. “This growth rate is roughly in line with the peak numbers seen during the 2022 bull market.”
However, despite positive signs of mainstream adoption, cryptocurrency security remains a key barrier to widespread adoption. Unintended transactions are one of the most common causes of fund loss incidents within MetaMask. “Security alerts that proactively stop malicious transactions are critical to protecting users from fraud, phishing, and hacking,” the company said.
MetaMask and Blockaid do not share data with third parties to provide alerts. Instead, we created a privacy-preserving module that simulates transactions while eliminating the need to share all transactions and signing requests with external parties.
ELOOP is building a machine RWA tokenization platform on top of peak
of peak Blockchain announces ecosystem expansion, ELOOP Network Revealed plans for Tokenization Platform on Peak.
According to a blog post, ELOOP is building a platform that allows companies and communities to express shares of value generated by their machines as on-chain tokens.
Anyone who owns a Machine RWA token is entitled to receive a share of the rewards allocated to token holders based on their share in the pool.
It stated:
“These tokens generate rewards for holders based on the real-world value generated by the underlying machines, such as wind turbines, WiFi hotspots, and shared electric scooters.”
ELOOP plans to detokenize Machine Real World Assets (RWA) for Web3 projects, communities, and businesses. This gives you access to more liquidity and new revenue streams. He argued that people would be able to directly contribute to and profit from the implementation of infrastructure, which is currently limited to large companies and governments.
Additionally, RWAs are typically tied to on-chain stocks and other financial instruments. However, the announcement says that the tokenization of reward-generating machines will open up a new subcategory called machine RWA.
“With real-world machines producing real-world value as their underlying assets, such real-world assets are as authentic as the real thing. It opens up new opportunities for businesses looking to set up a decentralized physical infrastructure network (DePIN) and solves capital expenditure challenges, including infrastructure. ”
They can leverage tokenized RWA to raise liquidity from a global community of Web3 investors in exchange for a share of future revenue instead of facing upfront costs.
ELOOP’s project to tokenize vehicles for car sharing tesla Thanks to the vehicle in Vienna, we were able to raise over 1.6 million euros without any marketing costs. The company shared the revenue earned by the vehicle with token holders.
Therefore, we are currently building the Machine RWA tokenization platform on top of peak to enable enterprises to replicate this approach.
ELOOP is already testing the platform crest, peaq's canary network. It is scheduled to launch on peakeq mainnet later this year.
“A wide range of projects, both Web2 and Web3, are already considering pilot projects on the platform,” the company said.This includes connecting DePIN Dhabaa leading energy provider company, and various players in the shared mobility space.
ELOOP will initially focus on tokenization of mobility and energy machines RWA such as solar panels, electric cars, electric scooters, etc. and DePIN with a focus on all industries. In the future, it will be expanded to cover more industries and sectors.
Machine tokenization is here 🔥
Introducing the world's first machine real world asset (#RWA) tokenization platform, by @eloop_networkpowered by peaq 🌎
Until now, real-world apps (#DePIN) is limited by the cost of the hardware.
Individuals often use WiFi routers and… pic.twitter.com/MsZJPa8bxz
— Peak (@peaqnetwork) February 20, 2024
ZKX launches pro trading on Starknet for experienced traders
ZKXa decentralized perpetual futures exchange operated by stark nethave launched That second product, pro trade. This is an exchange for experienced traders, offering advanced features, gasless trading, and exclusive ZKX rewards.
According to the announcement, the main features of Pro Trade are:
- Customizable UI options: Users can choose between standard and advanced interfaces to suit their trading expertise and preferences.
- Diverse markets to trade: Ethereum, sol, BTCand Strak Scheduled to be listed in February.
- Comprehensive order types: Access both market and limit order types to accommodate different trading strategies and needs.
- High-performance application programming interface (API): The API is designed for high-frequency trading and reliability.
- Cross-margining mechanism: Cross-margining helps you increase capital efficiency and manage risk more effectively across your portfolio.
- Enhanced reward opportunities: Users will have the opportunity to earn STRK tokens through the DeFi Spring Program. starknet foundation; The DeFi committee will distribute $40 million of STRK tokens biweekly for 6-8 months. Traders will be able to earn STRK by trading on ZKX starting March 28th.
ZKX said this is an early stage of the roadmap. This also includes Airdrop 2, staking initiatives, ZKX token listings, social trading and pools, and the ZKX AppChain block scanner.
This latest announcement follows the Starknet Foundation's reveal of its STRK token distribution plans last week.
“With the launch of Protrade, we are moving towards our vision of establishing ZKX as the go-to DeFi solution,” said ZKX founder Eduardo Jubany Tour. This is an exciting time for our company to grow in tandem with the expansion of our system. Our common goal is to attract and engage more users in DeFi.”
What is ProTrade? 🤔
Pro Trade is an advanced trading terminal tailored for risk-savvy traders who thrive on arbitrage, sub-second speeds, and APIs 💪
Targeted at whales, props and experienced traders.
This is your guide to navigating exchanges like a pro 👇 https://t.co/otzopij9uC
2/20 pic.twitter.com/S94VhawjAR
— ZKX (@zkxprotocol) February 19, 2024
