FUNToken Brings Unique Value Proposition to Visitors and Participants at SiGMA Europe 2021
FUNToken is soon to be exposed to thousands of iGaming and crypto professionals on the ‘Blockchain Island’ of Malta for the SiGMA Europe conference, running November 15th – 19th,2021.
When Lambo? Sooner than we may expect. The number one gaming token, FUNToken, will be showcasing this week in Malta, the ‘Blockchain Island’, as part of the SiGMA Europe conference – their first live conference since the pandemic.
Crypto and online gambling professionals and enthusiasts in the thousands are set to attend as the world continues to slowly open up and allow for in-person industry events.
The FUNToken team is set and ready to man the dedicated booth (Pk1 – next to E10) that promises to stand out with a FUN-branded White Lamborghini.
Core members of the FUNToken team will be there to share the advantages and opportunities of FUNToken and XFUN to investors. The team will also meet with casino operators at SiGMA to broaden FUN’s utility and facilitate its mission of becoming an ubiquitous payment method in the iGaming industry.
Given FUN’s proven utility as an entertainment token, its deflationary nature, its ever-growing base of 290,000+ FUN HODLers, and its presence on major exchanges, there is certainly much to talk about.
As timing truly is everything, XFUN, the Layer-2 token on the Polygon network, is set to launch as an upgraded version of FUN. Bringing increased performance and lowered latency, this development opens more doors for FUN in the form of potential new gambling ventures and avenues in the first half of 2022. Such new ventures will complement FUN’s existing casino, DPLAY. Also, notably, FUNToken has over 200,000 investors at FreeBitco.in.
The token is certainly living up to its name and doing the signature slogan justice: Let’s Make It FUN. This week’s SiGMA conference is the first of many exciting events where the FUNToken name will be buzzing.
SiGMA, with its first show in Malta in 2014, is now considered one of the world’s most prominent iGaming and tech conventions with events across Europe, Asia, the Americas, and Africa. The initial SiGMA event concept has bred many proprietary spin-off conferences such as MedTech, AIBC, AGS, all of which will have a highlighted presence to some degree at SiGMA Europe.
Are you attending SiGMA this week? Be sure to stop by the stand and say hello to the
FUNToken crew – they can be found at Pk1 – next to E10.
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Crypto Investors intend to have FTX arrested through protests
Members of the crypto community intend to have FTX founder Sam Bankman-Fried arrested. Crypto trader and youtuber Ben Armstrong addressed this initiative to the crypto industry.
“If Sam [Bankman-Friede] is not arrested by the end of December, I will gather a large group (probably over a hundred people) who lost money [amid the collapse of] FTX. We will go to the Bahamas and protest outside the government building, the Albany Resort [where Bankman-Fried supposedly has real estate] and other [Bankman-Fried] properties until he is arrested,” Ben Armstrong wrote on his microblog asking subscribers who would like to join the initiative to check in under the post.
Many members of the crypto community responded to the trader’s call. For example, the initiative was supported by popular youtuber Dusty BC Crypto. The irony is that earlier Ben Armstrong himself, as a crypto blogger with a million audience, advertised the FTX crypto exchange and its native FTT token.
Some of the subscribers noted that it was time to file regulatory complaints against the crypto blogger himself, as he was involved in attracting investors to FTX. All of these events increase volatility in the cryptocurrency market, so it makes sense for an investor to consider the AMD price chart today.
This isn’t the first time members of the cryptocurrency community have raised the issue that FTX’s creator should be in jail. Some online users speculate that Sam Bankman-Fried could literally buy his freedom. Recall, it was previously revealed that the entrepreneur donated large sums of money to political parties.
Earlier we reported that Binance bought Sakura Exchange BitCoin in Japan.
Hackers stole cryptocurrency worth $3.37 billion since the beginning of the year
In the 11 months since the beginning of the year, hackers stole $3.37 billion worth of cryptocurrency. According to PeckShield, cryptocurrency companies lost $1.3 billion to fraud in the fall alone.
Thus, in September there were 17 hacks, which resulted in losses of $171 million. Marketmaker Wintermute incurred losses of $160 million.
How do hackers steal cryptocurrency?
In October, hackers stole $760.2 million worth of cryptocurrency because of 44 hacking attacks. Then BNB Chain was hacked for $544 million, but the fraudsters could withdraw only $100 million of it – the other part of the funds were blocked by the developers. Then a hacker stole $1 million from the BitKeep cryptocurrency wallet by hacking it through a swap feature. Another hack came on Team Finance’s launchpad, which lost $14.5 million due to a smart contract migration feature bug.
There were 29 hacks in November that stole $391 million in various digital assets. Another $3 million was stolen from Skyward Finance based on the NEAR Protocol. An unknown hacker could “empty the reserves” of the project through a vulnerability in the smart contract. Note that due to global problems in the cryptocurrency market and the high cost of mining, even the NVIDIA price chart went down.
It was also reported that crypto exchange Coinsquare was hacked, but representatives of the company assured that customers’ assets “are safely stored in cold storage and are not at risk.”
Meanwhile, over the three months of the summer, cryptocurrencies suffered about $446 million in hacks. In June, the loss from 21 attacks was $227.76 million; in July, companies suffered losses from 12 hacks worth $10.2 million; and in August there were 18 attacks, which resulted in the loss of $208.5 million.
Earlier we reported that Terra Classic developers are launching an LUNC wallet.
Largest bitcoin miners owe banks $4 billion
Now the largest bitcoin miners can’t pay back loans and give creditors hundreds of thousands of devices as collateral. This is reported by Bloomberg.
After the collapse of FTX crypto exchange, many companies that provided loans to largest bitcoin miners, including New York Digital Investment Group (NYDIG), Celsius Network, BlockFi Inc, Galaxy Digital, and the Foundry (a division of Digital Currency Group) are facing problems due to non-payment of loans.
Loans backed by mining equipment have become one of the most popular financing tools in the industry. Now, however, mining companies are having trouble making payments because of the drop in the bitcoin exchange rate and don’t have the funds to pay back the loans. Lenders cannot seize any assets from them other than cryptocurrency mining devices, the value of which has fallen 85% since last November. Even the Tesla price chart has gone down from that drop.
“We continue to take a cautious approach to risk-based financing in the mining industry. For example, in the third quarter, Galaxy’s mining division closed three existing leases totaling about $8 million,” said Michael Wursthorn, a Galaxy spokesperson.
Lenders are already paying attention to the surplus of mining equipment received after the loans are paid off. They are having to sell the equipment at a big discount or find data centers to mine bitcoins on their own. This surplus means that lenders could face further losses, given how saturated the market for mining equipment already is.
In November, mining company Iris Energy said it would not repay the loan it took out against the equipment and would prefer to develop other business operations instead. It said its two units registered to buy the equipment secured against it were not generating enough cash flow to service the line of credit.
Earlier, we reported that support for OpenSea Binance’s smart chain had appeared.
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