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Hotbit Users Can Earn Up to 60% APY With BixBcoin

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BixBcoin holders can now earn 60.60% APY on their holdings on Hotbit. The digital asset which had been listed on the exchange was added to the Hotbit Investment Panel. Users who sign up for this Incentive Plan can earn high interest on their holdings for 90 days. It is one of the many earning events that BixBcoin has participated in to bring good returns to its investors.

The token is hosted on its own blockchain, BIXB blockchain, which serves as the basis of the project’s strong structure. Being hosted on its own blockchain gives the token a unique edge over thousands of tokens in the market. This makes BixBcoin one of the most promising projects in the crypto market.

BixBcoin also offers a variety of features for its users ranging from wallets, the exchange, and decentralized finance (DeFi) services. The multi-platform financial service helps to facilitate fast and safe transactions without interference or restrictions from any government.

BixBcoin Token

The BixBcoin token has been a high performer for its investors after it launched. There are a total of 3 million BIXB tokens and transactions are recorded using a distributed ledger. The token launched in 2020 at a price of $25, a low price considering the promise of the project. It didn’t take too long for the market to catch up and push the price of the token towards an all-time high of $260.

BixBcoin also provides a secure wallet for holders of the token known as ‘BIXB WALLET’, available for download on Android, Windows, Web, and Linux. It features some of the lowest transaction fees across BixBcoin wallets, exchange, and all other supported platforms.

Perks of BixBcoin

BixBcoin allows holders to earn through a variety of ways. One of these is through providing computational power for confirming transactions on the blockchain. Every miner earns up to 0.1 BixBcoin for helping to solve complicated mathematical calculations by allocating computing power to the mining pool.

In addition, investors are also able to take advantage of the Loanypto lending protocol that operates on the blockchain. Loanypto features a creative and user-friendly interface that allows for easy accessibility to the platform. With Loanypto, BixBcoin holders can secure low-interest loans. Furthermore, holders can earn up to 5% APY on their collateral, while a bump in price helps to increase the borrower’s profit.

BixBcoin tokens are also available to trade on BixBcoin’s own exchange, BIXB EXCHANGE, where they have access to USDT, BTC, and FIAT trading pairs. Also available to trade on Coinsbit and Hotbit exchanges with the same trading pairs.

Is BixBcoin Legit?

BixBcoin is listed on some of the most reputable websites in the crypto space. These websites feature a rigorous vetting process which includes the provision of evidential documents with transparent and accurate information about the team members to be reviewed by experts and auditors on each site. BixBcoin has gone through this process and has been listed on sites such as CoinMarketCap, CoinGecko, CryptoCompare, etc.

BixBcoin’s source code is also available for all to see via its GitHub repository. The open-source project has guaranteed and maintained a high level of transparency and stability since its launch.

Since BixBcoin token supply is capped at 3 million, it is a valuable asset due to this scarcity. The project has one of the lowest supplies in the market, an important criterion for valuing a crypto project, placing it among the most unique and precious digital assets.

To learn more about BixBcoin, visit https://bixbcoin.com/.

 

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Sports NFT Marketplace Lympo Suffers An $18.7 Million Hack

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The latest in the industry is the hacking of Lympo, a sports NFT platform and a subsidiary of Animoca Brands. Through hot wallet hacking, the platform just lost about 165.2 million LMT tokens, equivalent to $18.7 million during the time of this hack.

Cryptocurrency hacking, though not frequently experienced, remains of the risks that some protocols have to suffer.

An update through Medium from the Lympo team confirms the recent hacking from the platform on Jan 10. According to the report, the hackers accessed the protocol’s operational hot wallet and looted about 165.2 million LMT tokens.

Related article | Is Norton 360 Mining Ethereum In Your Computer? If It Is, They’ll Take a 15% Cut

Furthermore, the post revealed that the cybersecurity attack led to the compromise of 10 different project wallets. Also, the majority of the hacked tokens were moved to one single address from where they were swapped on both Sushiswap and Uniswap for Ether (ETH) and were later transferred somewhere else.

With this looting of the LMT from its hot wallets, the price of the token plummeted by 92% to $0.0093.

Lympo Team To Fix Grudges

Subsequently, the protocol’s team released a tweet stating that they are striving to stabilize the circumstance as well as to return their operations to normal. Additionally, the team mentioned its removal of liquidity LMT from liquidity pools. According to them, this will help in reducing the crypto price disruption.

Moreover, the team by the early hours of Jan 11, advised traders to place a hold on the buying and selling of LMT tokens. They intend to first complete their investigation and outline their possible line of action.

With the removal of liquidity from pool trading LMT, there will be a negative effect for traders. This means the traders can’t buy or sell remarkable token amounts without encountering some value loss.

Being a subsidiary of Animoca Brands, the Animoca teams has fully thrown their support to Lympo. In one of his speeches, Yat Siu, the CEO of Animoca said that they are helping Lympo with for recovery though they have not taken any specific mechanism for that.

Another Crypto Hacking On Hot Wallet

Similar to Lympo’s hot wallet security breach, a centralized crypto exchange, LCX, on Jan 8, lost about $7 million from its hot wallet. This hacking cuts across 8 different crypto coins on the exchange.

Most of the funds from the LCX hacking were swapped for ETH. The proceeds were later transferred to Tornado Cash which is a privacy tool with the feature of concealing both the source and destination of ETH tokens. The LCX hacking involved different amounts of LINK, MKR, USDC, ETH, LCX, SAND, QNT, and ENJ.

Related article | More Green Energy: Crypto Mining Saves A Hydro Power Plant In Costa Rica

Through its update on January 10, the LCX notified its users of its compensation plan for their losses. Also, it assures them that there was no compromise of any personal data from the attack.

Featured Image from Pexels

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Walmart All-set to Enter NFT and Metaverse Arena

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Walmart All-set to Enter NFT and Metaverse Arena
  • There have been a total of seven distinct applications for consideration.
  • Nike purchased RTFKT, a virtual sneaker firm, in December.

Following last year’s false allegations regarding Walmart and Litecoin, the US retail behemoth has formally filed documentation with local authorities to join the cryptocurrency and metaverse arena. According to reports, Walmart aims to develop its own cryptocurrency and non-fungible tokens (NFTs) in the metaverse.

Recently, the big-box store filed many new trademarks showing its intention to produce and sell virtual items, such as electrical devices, home décor and furnishings and a toy or recreational equipment and personal hygiene products. NFTs and a virtual currency will be offered to customers, according to the company’s application.

It has been reported that Walmart submitted the applications on December 30th, according to the United States Patent and Trademark Office. There have been a total of seven distinct applications for consideration.

Major Players Are Already Onboard

According to Gerben, trademark attorney, companies have been scrambling to find out how they would fit into the virtual world since Facebook announced it was changing its corporate name to Meta, suggesting its goals beyond social networking.

Sneaker and clothing company Nike has filed many trademark applications indicating that it intends to offer virtual versions of its products. Within a few days, it was announced that Nike would be collaborating with Roblox to build a whole new virtual environment dubbed Nikeland. It purchased RTFKT, a virtual sneaker firm, in December.

Gap has recently begun offering non-traditional T-shirts with the company’s trademark emblem. NFTs will be sold in levels ranging from $8.30 to $415 and come with a tangible hoodie, according to the fashion company. Adidas and Under Armour’s NFT releases sold out last month, as well. OpenSea’s NFT marketplace has seen a surge in demand for these items.

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FinTech Scotland Celebrates 5th Year, Showcased Remarkable Growth Since Debut

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FinTech Scotland Celebrates 5th Year, Showcased Remarkable Growth Since Debut