• EtherMail and Blockchain Founders Group announces strategic partnership to enable Web3 Comms for portfolio projects.
• Eligible startups can receive up to $20,000 in rewards for creating an EtherMail account and bringing new users.
EtherMail & Blockchain Founders Group Partnership
EtherMail, the first Web3 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication, has today announced a strategic partnership with Blockchain Founders Group, a venture capital fund that focuses on early-stage Web3 startups. Through the Blockchain Founders Group’s „Web3 Email for Startups“ program, eligible portfolio startups will be in with a chance of receiving up to $20,000 in rewards – spread between EMC tokens, ad credits and cash prizes – by creating an EtherMail account and bringing new users to EtherMail.
After signing up, projects can auto-create a list of all current token holders through data automatically gleaned from the blockchain. With these up-to-date lists of asset holders, projects can set up email campaigns and execute tailored communications to community members and the wider base of EtherMail users. Startups that have raised less than $5 million in total funding and have been incorporated less than five years ago are eligible to apply for the program here.
Recent Growth & Partnerships
Startups looking to take advantage of this program can apply here on an ongoing basis until May 2022 when applications close permanently. Upon successful completion of their application form they will be contacted within two weeks with further details regarding their eligibility status within the program after which they will receive their confirmation letter containing instructions on how to set up their account alongside details about redeeming any rewards won or bonuses available throughout 2021/2022 period from both partners involved within this project initiative.
This new initiative from both companies aims to help support early stage startups who are looking for ways to communicate more efficiently with potential customers or clients using web 3 technology whilst providing additional benefits such as token incentives or bonus rewards as part of their signup process into using ethermail’s services moving forwards into 2021/22 period .
• PEGA Pool has announced the official launch of its eco-friendly Bitcoin mining pool.
• The company provides clients with a more consistent and attractive income than mining alone, while also offsetting their carbon footprint.
• PEGA Pool aims to create a more sustainable industry by using only renewable energy for its mining operations.
PEGA Pool Announces the Official Launch of Its Eco-friendly Bitcoin Mining Pool
PEGA Pool, a UK-based Bitcoin mining pool provider, has announced the official launch of its eco-friendly platform that enables clients to offset their carbon footprint and incentivizes them to use renewable energy. By allowing clients to connect their ASIC miners to its platform and mine together, it provides them with a more consistent and attractive income than mining alone.
Benefits of Using PEGA Pool
The world’s top 10 largest Bitcoin mining pools according to BTC.com, PEGA Pool offers an array of advantages over solo mining:
- It provides users with more reliable returns from their investments.
- Clients can enjoy higher profits due to economies of scale.
- The platform utilizes only renewable energy for its operations, reducing their environmental impact.
Aim of Creating a Sustainable Industry
With the growing adoption of cryptocurrency, the Proof-of-Work (PoW) model has come under fire from individuals, corporations, and governments over its environmental impacts. To combat this issue and make crypto mining more sustainable in the long run, Pega Pool is working towards creating an industry that uses clean energy sources such as solar or wind power for powering miners instead of relying on fossil fuels like coal or natural gas.
CEO David Bungay Comments on Launch
David Bungay, CEO of Pega Pool commented on the launch saying “I am very excited to announce the official launch of PEGA Pool – our British Eco-Friendly Bitcoin Mining Pool! Our journey began with PEGAMining which gave us the desire to build PEGAPool and provide the world with an environmentally friendly option when it comes to crypto mining operations.“
By launching this eco-friendly Bitcoin mining pool, PegaPool is taking steps towards creating a cleaner and greener industry while also providing users with improved returns on their investments through efficient scaling solutions.
• The Virtual Assets Regulatory Authority (VARA) in Dubai has imposed a new regulation that prohibits all activities involving privacy coins such as Monero (XMR) and Zcash (ZEC).
• This regulation also sets authorization requirements for crypto firms to ensure anti-money laundering obligations, marketing protocols, prevention of insider trading, and observing whether the asset class is used in criminal activities.
• The updated regime aims to provide maximum security for local consumers and establish Dubai as a global center of blockchain technology.
Dubai Forbids Operations With Monero, Zcash, and Other Privacy Coins
New Regulations Imposed by Dubai’s VARA
The Virtual Assets Regulatory Authority (VARA) in Dubai has imposed a new regulation that prohibits all activities involving privacy coins such as Monero (XMR) and Zcash (ZEC). This regulation also sets authorization requirements for crypto firms to ensure anti-money laundering obligations, marketing protocols, prevention of insider trading, and observing whether the asset class is used in criminal activities.
Maximum Security for Local Consumers
The updated regime aims to provide maximum security for local consumers and establish Dubai as a global center of blockchain technology. Angela Ang – Senior Policy Advisor at blockchain intelligence firm TRM Labs – commented: “Any obfuscation of fund flows poses a challenge to detecting illicit activities, so it is unsurprising that regulators react strongly to these kinds of asset classes and mechanisms.“
In order to obtain authorization from the regulator, crypto firms need to comply with certain rules such as anti-money laundering obligations, marketing protocols, prevention of insider trading, and observing whether the asset class is used in criminal activities.
Provisional Licenses Granted To Binance & Coinbase
The regulator previously gave provisional licenses to Binance and Coinbase Custody Solutions LLC which enabled them to offer digital assets services within the region. Furthermore they allowed customers access their platforms through any device or platform connected with the internet.
Establishing Dubai As An International Hub Of Blockchain Technology
Overall these regulations aim at establishing Dubai as an international hub for virtual assets while providing maximum security for local consumers utilizing cryptocurrency services within the region.
• North Korean hackers have stolen $1.7 billion worth of cryptocurrency in 2022, according to Chainalysis.
• The majority of stolen digital assets were from DeFi protocols, accounting for more than 82% of all funds stolen.
• March and October saw huge spikes, with $732.4 million and $775.7 million respectively, becoming the biggest single month ever for crypto hacking with 32 separate attacks.
In 2022, the cryptocurrency industry saw the worst year for crypto security in history. According to a recent Chainalysis report shared with CryptoPotato, the total amount of digital assets stolen from cryptocurrency businesses was a staggering $3.8 billion. Of this, an alarming 82% was stolen from decentralized finance (DeFi) protocols.
The month of March saw one of the largest single-month losses, with $732.4 million being stolen in hacks and exploits. This was soon followed by October, a month that went on to become the biggest single month ever for crypto hacking, with a shocking $775.7 million stolen and 32 separate attacks. North Korean hackers were responsible for the majority of the stolen funds, taking an estimated $1.7 billion worth of cryptocurrency during the same period.
The Chainalysis report also highlighted the types of attacks that are becoming increasingly common, with the majority of the stolen funds being taken through sophisticated hacks exploiting vulnerabilities in DeFi protocols. Phishing scams and SIM swapping were also mentioned as popular methods used by hackers to gain access to user accounts and wallets.
The report concluded with a warning, stating that the cryptocurrency industry must continue to improve its security measures in order to protect users from future attacks. It also suggested that projects focus on identifying and implementing effective solutions to reduce the risk of future attacks. As the crypto industry continues to grow, the need for robust security protocols and solutions becomes even more important.