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John McAfee Launches a New Platform – McAfeeSwap

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Mcafeeswap

John McAfee has launched a new crypto platform McAfeeSwap, a decentralized one-stop shop to easily buy and sell cryptocurrency tokens. The platform works as an aggregator that checks the price on different DEXs (Decentralized Exchanges), to ensure users are getting the best price on trades.

In order to use the new platform, users will have to install any web3 enabled crypto wallet such as MetaMask for desktop or Trust for mobile.

A screenshot of McAfeeSwap

The new platform currently supports multiple DEXs and over 100 tokens such as Ethereum, BAT, DAI, Maker and others.

Last October, the former antivirus software tycoon’s John McAfee launched his first decentralized exchange McAfeeDEX, an exchange that dose not require any KYC verification from it’s users.

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at [email protected] and i will get back to you shortly.

Altcoins

P2P NFT Trading Platform Faces Breach: Users Urged to Take Immediate Action

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NFT Trader, a peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the unauthorized transfer of significant NFT assets. The attacker, identified as 0x90…8fda, successfully made off with 37 Bored Ape Yacht Club (BAYC), 13 Mutant Ape Yacht Club (MAYC), 4 World of Women, and 6 VeeFriends NFTs, collectively valued at 1,080 ETH (approximately $2.4 million). Users are strongly advised to promptly revoke any authorization granted to the platform.

Initial reports, shared by Chinese crypto news reporter Colin Wu on social media, indicate that the pilfered NFTs were sent to the address 0x909F2159780e64143CF08f32dBBF56Ed19478fda (link to tweet). An on-chain message from the address holder, claiming the role of a “scavenger,” refutes allegations of hacking the P2P trading platform. Instead, they assert rescuing the NFTs with the intention of returning them.

Further information reveals that the alleged real hacker’s address is 0x3dc115307c7b79e9ff0afe4c1a0796c22e366a47b47ed2d82194bcd59bb4bd46.

NFT Trader has acknowledged the security incident and disclosed that the attack targeted old smart contracts. In response, the platform is advising users to remove delegations via Revoke.cash from the following addresses:

  • 0xc310e760778ecbca4c65b6c559874757a4c4ece0
  • 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af

Despite being relatively unknown among NFT traders, NFT Trader’s website identifies its CEO as John Pak, collaborating with co-founders Mattia Migliore and an individual using the pseudonym “Bruckzr” (link to tweet).

On social media, an NFT collector (@dingalingts) has urged traders to “revoke approval to their contract ASAP” for those who have engaged with NFT Trader previously. The stolen digital assets, which exceed $2 million in value, include 37 BAYC, 13 MAYC, 4 World of Women, and 6 VeeFriends.

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Binance Announces Complete Exit from Russia, Selling Business to CommEX

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In a significant development for the cryptocurrency world, Binance, one of the leading global cryptocurrency exchanges, has recently announced its decision to sell its entire business operations in Russia to CommEX. This strategic move is in line with Binance’s commitment to providing a seamless transition for its Russian user base.

The off-boarding process for Russian users is expected to span over the course of a year, ensuring a gradual and secure transition of assets. Binance has reaffirmed its commitment to safeguarding the assets of all existing Russian users, reassuring them that their holdings are in safe hands.

To facilitate the migration process for its users, Binance has partnered with CommEX. Together, they will provide clear guidance on how Russian users can transition their assets to the CommEX platform. A noteworthy aspect of this transition is that a portion of new user registrations with Know Your Customer (KYC) verification from Russia will be automatically redirected to CommEX. This redirection will increase gradually over time, promoting the growth and adoption of CommEX among Russian cryptocurrency enthusiasts.

Over the coming months, Binance will systematically wind down all exchange services and business activities within Russia. Throughout this period, the priority remains on ensuring a smooth and hassle-free experience for users, as they adjust to the changes.

In a departure from the norm, Binance has opted to keep the financial specifics of the deal confidential. However, it is essential to highlight that this sale marks Binance’s complete exit from the Russian market. Unlike other international companies that have dealt with Russia, Binance will not retain any ongoing revenue share from the transaction, nor does it hold any future options to repurchase shares in the Russian business.

As per Binance’s announcement, this decision underscores Binance’s commitment to adapting to the evolving landscape of the cryptocurrency industry while prioritizing the interests and security of its users. As per Binance’s recent announcement, this move represents a strategic shift in focus, with the exchange consolidating its efforts in other markets around the world.

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Altcoins

Uphold Exchange Announces Evernode Airdrop for XRP Holders

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Uphold exchange has revealed its support for the upcoming Evernode Airdrop. The airdrop, exclusively for XRP holders, promises to reward participants with EVRS tokens.

The Evernode Airdrop: What You Need to Know

Scheduled for September 1, 2023, at 6:00 PM AEST (8:00 AM UTC), the Evernode Airdrop snapshot is poised to capture the XRP holdings of participants. This snapshot is a pivotal moment as it forms the basis for determining the proportion of EVRS tokens that qualifying XRP holders will receive. It’s important to note that this snapshot will consider XRP holdings up to a limit of 50,000 XRP tokens, ensuring a level playing field for all participants.

The fairness and equality of the distribution process is a core principle of this airdrop. Uphold is keen on ensuring that participants receive EVRS tokens in a manner that reflects their XRP holdings accurately. This approach not only promotes inclusivity but also reflects Uphold’s dedication to creating value for its user base.

Factors Influencing Airdrop Date and Availability

While the snapshot is scheduled for September 1, the airdrop date itself remains contingent on various external factors. Particularly, the launch of the new Xahau Network holds sway over the timeline. Uphold is steadfast in keeping its users informed about any updates regarding the airdrop’s timeline. Participants should be aware that initial access to EVRS tokens on the Uphold exchange might be limited. Uphold’s stringent listing criteria and liquidity requirements must be met before the tokens become fully tradable.

Qualification and Distribution Process

Participating in the Evernode Airdrop is refreshingly straightforward. To qualify, users need only hold XRP in their Uphold accounts at the time of the snapshot. The distribution of EVRS tokens to eligible participants will occur once the Evernode project finalizes the airdrop date and completes the process. This ensures that participants who met the qualification criteria during the snapshot will receive their rightful share of EVRS tokens.

Exploring Ripple XRP: A Unique Blockchain Perspective

As the Evernode Airdrop garners attention, it’s an opportune moment to delve into Ripple XRP’s distinct blockchain characteristics. Unlike many other cryptocurrencies, XRP is not mined. Instead, all 100 billion XRP tokens were created when the blockchain was established. This approach fosters stability and predictability within the XRP ecosystem.

One of XRP’s primary use cases is its role as a bridge currency for cross-border transactions. Ripple’s network and technology enable seamless and efficient cross-border payments, transcending the limitations of traditional systems. The platform’s speed and low transaction costs position it as a viable alternative to conventional remittance methods.

Additionally, XRP’s consensus mechanism deviates from the energy-intensive proof-of-work (PoW) approach used by Bitcoin. XRP employs the consensus protocol to validate transactions, enabling faster transaction settlement times and energy efficiency.

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