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Season 3 of The TRON Grand Hackathon: Get Ready for the #HackaTRON

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Season 3 Of The Tron Grand Hackathon: Get Ready For The #Hackatron
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Geneva, Switzerland, 19th September, 2022, Chainwire

TRON DAO and BitTorrent Chain (BTTC) are excited to announce Season 3 of the TRON Grand Hackathon 2022. This season is focused on expanding upon the success of Season 2, when we had over 1800 participants with over 200 projects. We intend on keeping that momentum moving forward.

In Season 3, we are increasing our overall prize pool from $1 million to $1.2 million. The same 4 tracks will be available for participants, and 2 new tracks will be introduced.

The returning tracks will have a total of 5 winners chosen by members of the TRON community as well as 5 winners chosen by the judges. There will be 5 winners for the Academy track along with 5 “honorable mention” winners. The Ecosystem track will feature 10 winners, 5 for creative based projects and another 5 for technical based projects.

Prizes for judge-voted winners across the DeFi, GameFi, NFT, and Web3 tracks:

  • 1st Prize – $60,000
  • 2nd Prize – $50,000
  • 3rd Prize – $40,000
  • 4th Prize – $30,000
  • 5th Prize – $20,000

Prizes for community-voted winners across the DeFi, GameFi, NFT, and Web3 tracks: 

  • 1st Prize – $10,000
  • 2nd Prize – $9,000
  • 3rd Prize – $8,000
  • 4th Prize – $7,000
  • 5th Prize – $6,000

Prizes for Technical & Creative projects in the Ecosystem track:

  • 1st Prize – $15,000
  • 2nd Prize – $12,500
  • 3rd Prize – $10,000
  • 4th Prize – $7,500
  • 5th Prize – $5,000

Prizes for judge-voted winners in the Academy track:

  • 1st Prize – $15,000
  • 2nd Prize – $10,000
  • 3rd Prize – $9,000
  • 4th Prize – $8,000
  • 5th Prize – $7,000

The 5 “honorable mention” winners in the Academy track will each receive $5,000.

To learn more about community voting and the prizes surrounding it, make sure to visit the TRON DAO Forum.

We are excited to discover a multitude of innovative and diverse projects looking to positively influence the world with TRON.

About TRON DAO

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2022, it has over 110 million total user accounts on the blockchain, more than 3.8 billion total transactions, and over $13.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

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CertiK Uncovers Suspicious $2.4M Payments Into Tornado Cash

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Certik Uncovers Suspicious $2.4M Payments Into Tornado Cash
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  • The money movement is linked to the October 2021 BXH Exchange breach.
  • GitHub reinstated the Tornado Cash code in “read-only” mode.

On Saturday, crypto security company CertiK said that it had uncovered a suspicious $2.4 million payment into the cryptocurrency mixer Tornado Cash. Information suggests the money movement is connected to the October 2021 BXH Exchange breach. It resulted in a loss of $139 million. Although the U.S. Treasury’s Office of Foreign Asset Control (OFAC) has placed sanctions on the crypto mixer. However, the exchange is still being used to move money.

The theft of over 4,000 ETH worth $139 million from the BXH Exchange at the end of October is likely connected to the transfer of funds.

Hackers Defying Sanctions

The address 0x158F5 is held by a third party and used the Binance Smart Chain and Avalanche staking contract’s privileged method to retrieve staked tokens and withdraw cash. The tokens were then transferred to Ethereum using the address.

CertiK reports that the staking contract holding the funds and locations was previously released by a Telegram group formed by persons affected by the BXH Exchange. Tokens with a bridging ERC-20 standard were converted to ETH at the address in question. To date, almost $2.4 million in value has been transferred into Tornado Cash, represented by 1865 ETH tokens.

Even after the Office of Foreign Asset Control at the U.S. Treasury banned suspicious transactions on Tornado Cash in August, the service is still accepting them. The crypto mixer platform has just received a transfer of 500 thousand DAI from EOA 0x0B789. The money transfer was associated with an exploit in DAO Maker.

After receiving confirmation from the Office of Foreign Asset Control of the United States Treasury, GitHub reinstated the Tornado Cash code in “read-only” mode.

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Whale Alert: 270 Million XRP ($130M) Bought by Whales

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Ripple (Xrp) Price Jumps To New Four-Month High
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  • The largest ever buy was on the Bitso crypto market for 54.1 million XRP.
  • XRP prices have increased by around 50% during the last week.

The native XRP token of Ripple has seen the most growth over the previous seven days. While Bitcoin and Ethereum have both had big price declines recently, XRP has seen a sharp increase. The current price increase of XRP may be attributed to a number of factors. Whales hoarding Ripple tokens is one instance.

Tokens worth around $130.2 million in XRP, almost 270M XRP have been transmitted from several cryptocurrency exchanges to many unknown addresses in the past 24 hours, according to data from Whale Alert. The largest ever buy was on the Bitso crypto market for 54.1 million XRP. Approximately $27.5 million worth of XRP coins were purchased by Whale all at once.

High Volatility Expected After Judgement

However, whales have been buying up XRP on the Bitstamp platform to the tune of nearly $84.1 million. To their XRP holdings, whales have just added more than $41.4 million over many trades. Meanwhile, a massive transaction involving 132 million XRP (about $62.1 million) was also spotted by the whale tracker.

Since the SEC and Ripple submitted their summary judgement papers, there has been a dramatic increase in the whale stockpiling of XRP tokens. The current increase was caused by new court documents. It also noted a surge in the number of active addresses holding between 1 and 10 million XRP tokens in late 2022.

On the other hand, XRP prices have increased by around 50% during the last week. Since word of the case’s resolution circulated favorably across the market, this is the result. At this moment, the price of XRP is $0.5015 as per CMC.

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California Governor Vetoes Crypto Regulation Bill

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Following Aftermath Of Recent Slump Bitpanda Announces Workforce Layoff
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