EOS Bug Bounty Launch Raises Questions From Industry Experts 224

The mainnet launch of EOS is inching closer. As such, the developers want to ensure there are no lingering bugs or fatal flaws for hackers to exploit. A bug bounty program has been created which rewards $10,000 for every bug discovered and shared. This is a positive development, even though the venture also receives some backlash from industry experts.

The EOS Bounty Program

It is commendable to see developers pay attention to project security. Especially in the world of blockchain and cryptocurrency, security is quite important. Developing a bounty program to uncover any code bugs is a big step in the right direction. For the EOS team, it seems this is a smart decision which will improve the project prior to its main net launch.

Help us find critical bugs in #EOSIO before our 1.0 release. $10K for every unique bug that can cause a crash, privilege escalation, or non-deterministic behavior in smart contracts. Offer subject to change, ID required, validity decided at the sole discretion of Block One.

— Daniel Larimer (@bytemaster7) May 28, 2018

The team hopes to find any unique bugs which may be present in its code base. EOS doesn’t need any issues crashing the network or giving unauthorized users special privileges. All bugs can be submitted to Block One, and the reports will be validated by this entity as well. Users who submit a bug for the reward will need to provide a valid ID to verify their identity.

Contrary to some reports, there is no delay in the release of EOSIO v1. While some issues were discovered by researchers, most of the problems have been addressed already. That is a positive development and confirms the commitment of the team. There are still some issues which are in the process of being fixed. Which issues those are exactly, remains to be seen.

Charlie Lee Shares Some Thoughts

Any bug bounty program in the cryptocurrency world deserves to be applauded. However, such ventures will also face some criticism, for rather obvious reasons. Charlie Lee, the developer of Litecoin, has some intriguing remarks regarding the EOS bounty program. More specifically, he thinks the rewards offered for finding and sharing bugs are on the low side. The EOS project raised over $4 billion through its year-long ICO, after all.

Raises $4B, offers to pay only $10k for catastrophic bugs 2 days before mainnet launch. Strange. 🤔 And quite a few other concerning issues with EOS. See: https://t.co/C4HypNFet5

This will also be one of the biggest ERC20 token to blockchain launch. Should be an exciting day! https://t.co/Ey7mF10Dry

— Charlie Lee [LTC⚡] (@SatoshiLite) May 30, 2018

Moreover, this bounty is announced at an interesting time. The EOS mainnet will go live in the next two to three days. Asking users to look for bugs so close to the launch raises some very serious questions. Combined with the recent bugs discovered by researchers, it is only normal some people question this project in its current state. If it were to fail, it can quickly spell the end for EOS as a whole.

For now, users have to wait and see how things evolve. If no bugs are discovered, the mainnet launch will go off without a hitch. Even so, it doesn’t mean the technology will work perfectly out of the box either. These next few weeks will be crucial to the success of this project, yet nothing has been set in stone just yet.

 

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Cost-effective transactions on ZkSync: introducing FileMarket “Flames” 5638

The Bitcoin whitepaper recently celebrated its 15th anniversary, and it poses an interesting question: What can you legally purchase with cryptocurrency since its inception? The most typical acquisitions include investment products, decentralized finance services, and various crypto assets. However, there’s a growing recognition for Real World Assets like real estate, commodities, art, and even US Treasuries—tangible assets that exist physically. Despite this, digital goods in the realm of Web 3.0 are often overlooked, with few platforms dedicated to this emerging market.

The mantra of digital ownership: Not your key, not your data

Enter FileMarket, a peer-to-peer platform designed for the trade of digital goods within Web 3.0. It aims to be a decentralized alternative to platforms like Gumroad, addressing the pain points of high fees, geolocation-based restrictions, censorship, and privacy concerns that both sellers and buyers frequently endure.

FileMarket is pioneering new methods for trading digital content within Web 3.0. It enables users to monetize their valuable creations—be they books, templates, checklists, educational courses, code, 3D models, music samples, or fitness guides. This is all facilitated by the Encrypted File Token (EFT) protocol, an innovative on-chain solution for unlockable content management—effectively ending the era of “right-click-save” NFTs. It leverages perpetual storage solutions like Filecoin and IPFS, turning your crypto wallet into a ‘My Documents’ folder. Tokenizing files paves the way for immediate market access to EFTs and adds extra value by establishing new rules for the digital economy.

Bridging the gap: File tokenization and Web3 enthusiasts

The significance of file tokenization might not be immediately apparent to the average Web3 enthusiast. Nevertheless, it is clear that early adopters are eager to capitalize on incentives from tier 1 projects like ZkSync. To harmonize these interests, FileMarket introduces on-chain Flames (Likes) — a feature that benefits everyone. The lower transaction costs will appeal to retro drop enthusiasts and highlight the importance of this new protocol. Goods that receive more likes will gain prominence on the platform, and the active participation of users in reviewing and liking digital products will lay the groundwork for seller reputation and future airdrop distributions.

Currently, the platform is actively engaging creators who are keen to sell their digital goods, offering a transparent system complete with royalties and a secondary market. Instant rewards are available for those prepared to upload substantive items — whether that’s Databases (OSINT), Valuable contacts (OSINT), Custom emojis, Top 10 lists, Cryptocurrency tips, or anything else of value — and who bring along their audience. Additionally, referrals are rewarded, providing immediate incentives for every new creator who joins the platform.

Product link: https://filemarket.xyz/

News about the release of the cheapest ‘like’ transaction in ZkSync in the official X account:

https://twitter.com/FileMarket_xyz/status/1726542879152312400
Discord: https://discord.gg/filemarket
Telegram: https://t.me/FileMarketChat
LinkedIn: https://www.linkedin.com/company/filemarketxyz/
DeBank: https://debank.com/official-account/111822

NORDEK Launches “NORDEK Finnovate” – A $10 Million Grant Program Revolutionizing Web3 Payments 5882

NORDEK is proud to unveil “NORDEK Finnovate,” a groundbreaking $10 million grant program specifically designed to revolutionize the Web3 payments space. NORDEK Finnovate is not just a funding initiative; it’s a beacon of opportunity for startups and innovators in the payments, fintech, and banking sectors, offering a unique chance to be at the forefront of the Web3 revolution.

NORDEK Finnovate: A Gateway to the Future of Payments

Finnovate by NORDEK represents a significant leap forward in the evolution of digital payments. This program is meticulously crafted to support and accelerate the most promising projects in the Web3 payments arena. With a substantial fund of $10 million, Finnovate is set to become a pivotal force in shaping the future of financial transactions.

Three Pillars of NORDEK Finnovate: Funding, Mentorship, and Network Expansion

NORDEK Finnovate is built on three foundational pillars, each designed to provide comprehensive support to participants:

Strategic Funding: The heart of Finnovate is its robust funding mechanism. The program offers both early-stage funding to nurture innovative ideas and substantial grants for more developed projects. This financial support is aimed at empowering creators to bring their visionary concepts to life.

Expert Mentorship: Finnovate goes beyond financial assistance. Participants will have access to a wealth of knowledge and experience through our mentorship program. This includes one-on-one sessions with industry leaders in fintech, banking, and blockchain technology, providing invaluable insights and guidance.

Global Networking Opportunities: Finnovate connects participants with a global network of industry experts, potential partners, and investors. This network is a gateway to unparalleled opportunities, opening doors to collaborations and partnerships that can propel projects to new heights. It also allows incubated projects to participate in events organized or participated by NORDEK.

NORDEK Finnovate: More Than Just a Grant Program

NORDEK Finnovate is more than just a grant program; it’s a movement towards a more inclusive and innovative financial ecosystem. It’s an invitation to startups, fintech innovators, and banking institutions to be part of a transformative journey in the Web3 payments space.

“The $10 million grant from NORDEK signifies a transformative opportunity for developers within the blockchain ecosystem. This substantial funding pool serves as a catalyst, providing crucial financial support for ideation, experimentation, and execution of innovative projects on the NORDEK chain. Moreover, the grant goes beyond monetary assistance, offering mentorship, guidance, and networking opportunities. This holistic approach assists developers in refining their ideas, connecting with industry leaders, and gaining insights that can steer their projects towards success,” says Mr. Nawal Kishor, MD and Co-founder of NORDEK.

NORDEK Blockchain’s Ecosystem: A Hub of Innovative Solution

NORDEK Blockchain has become a thriving hub for innovation, hosting a diverse range of impactful financial products and services. This dynamic ecosystem has a range of solutions built on NORDEK’s blockchain and technology stack, ranging from B2B Fintech Solutions like Rover Finance and TapPay to B2C solutions like Norpay and Plutopad.

  • Rover Finance: Payroll and invoicing platform to simplify running a Web3 business and consultancy. Rover Finance enables organizations and individuals to collect payments in crypto and receive it in fiat in a legal and compliant manner.
  • Swapperly: Enabling users to swap, stake and bridge multiple crypto assets.
  • Plutopad: Taking projects from concept to a successful launch with a vibrant community.
  • Norpay: Enabling everyone to use their crypto assets for day to day transactions using Debit card powered by VISA & Mastercard.

Some of the notable blockchain products in the NORDEK ecosystem also include:

  • NORDEK Swap: Enabling users to Swap, Stake and Farm
  • Decentralized Derivative Exchange (DEX): Financial solution where participants can trade futures, options, and other derivative financial instruments.
  • TapPay: Onboarding millions of merchants on Blockchain payments.
  • Centralized Exchange: Advanced platform where users can buy, sell, and trade digital currencies

Together, these platforms and services exemplify the versatility and transformative potential of the NORDEK’s technologies, catering to a wide array of needs in the blockchain and fintech sectors. These will also enable Finnovate Startups to leverage not just these platforms, but also accelerate their GTM plans.

Why NORDEK Finnovate?

Targeted Support: Tailored specifically for the Web3 payments sector, ensuring relevant and impactful assistance.

Global Reach: Open to innovators worldwide, fostering a diverse and dynamic community.

Future-Ready: Focused on cutting-edge technology, preparing participants for the future of finance.

Join the Finnovate Movement

NORDEK’s Finnovate is not just a funding opportunity; it’s a chance to be part of a community that’s shaping the future of Web3 payments. We invite startups, fintech innovators, and banking institutions to seize this opportunity and join us in revolutionizing the world of Web3 payments.

Stay tuned for more updates and details on how to apply for NORDEK Finnovate. The future of Web3 payments starts here, and it starts with you.

UPCX Teams Up with Paycle to Pioneer a New Chapter in Fintech 6680

UPCX-Platforms PTE. LTD., a company dedicated to developing high-speed blockchain open-source payment systems, recently announced a new business cooperation agreement with Paycle Co., Ltd. This decision signifies a joint endeavor by the two tech companies to develop and optimize blockchain payments and financial services deeply.

Since its establishment in 2018, Paycle has been conducting research and development in blockchain, fintech, artificial intelligence, and quantum-resistant encryption algorithms. Paycle’s mission is to create a better future through the power of technology. UPCX looks forward to injecting new vitality into its projects with the help of Paycle’s professional expertise in fintech and blockchain and the practical application of several international patents related to Web3.

UPCX stated that their vision is not limited to creating a blockchain project but, more importantly, to lay the foundation for a new financial ecosystem that everyone can access safely and efficiently. UPCX firmly believes that this strategic cooperation will accelerate the development of its products and services to meet the market’s demand for new financial solutions.

From now on, UPCX will work closely with Paycle to develop innovative products and services jointly. This cooperation will promote the development of blockchain payments and financial services, providing users with safer and more efficient financial solutions.

About UPCX-Platforms PTE. LTD.

UPCX-Platforms PTE. LTD. is a company focused on blockchain technology, developing high-speed, open-source payment systems. The company aims to lay the foundation for a new financial ecosystem that everyone can access safely and efficiently.

Official website: https://upcx.io/

About Paycle Co., Ltd.

Since its establishment in 2018, Paycle Co., Ltd. has been researching and developing blockchain, fintech, artificial intelligence, and quantum-resistant encryption algorithms. The company’s mission is to create a better future through the power of technology.

Official website: https://www.paycle.com/

InfStones Secures SOC 2 Type I Attestation, Bolstering Security and Trust in Blockchain Infrastructure 7011

InfStones, a leading blockchain infrastructure provider, today announced the successful attainment of the SOC 2 Type I attestation, reinforcing its position as a paragon of security and compliance in the blockchain sector. The SOC 2 Type I attestation is a comprehensive assessment to evaluate the effectiveness of a service organization’s controls related to security, availability, and processing integrity.

For InfStones, this attestation affirms its security measures’ strength and adherence to industry best practices. It also signifies that InfStones’ systems and operational controls are in strict alignment with the standards of the American Institute of Certified Public Accountants (AICPA).

What This Means for Our Clients

  • Enhanced Trust: Clients can rest assured that InfStones adheres to industry-leading standards, providing a secure foundation for their blockchain endeavors.
  • Proven Security Practice: The attestation validates the strength of InfStones’ security measures, designed to safeguard client data against emerging threats.
  • Assured Transparency: InfStones’ commitment to transparency is reinforced, ensuring its processes and services are reliable and trustworthy.

A Future Built on Secure Foundations

“Security is not just a feature; it’s the bedrock of trust in the blockchain ecosystem,” stated Dr. Shi, Founder and CEO of InfStones. “The SOC 2 Type I certification reflects our dedication to security excellence. It’s a promise to our clients that we will continue to advance our security measures, always with their trust and safety as our priority.”

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need – reliability, speed, efficiency, security, and scalability – for cross-chain DeFi, NFT, GameFi, and decentralized application development. InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.

For more information about InfStones and its offerings, please visit https://infstones.com/.

AlphaPoint Celebrates 10 Years of Pioneering Digital Asset Infrastructure 7180

AlphaPoint, a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks, and banking, is proud to announce its 10th anniversary. Since its founding in 2013, AlphaPoint has been at the forefront of developing institutional-grade infrastructure to power the digital asset ecosystem.

As one of the earliest companies in the digital asset space, AlphaPoint’s founders recognized early on the need for robust, scalable solutions to enable mainstream adoption of cryptocurrencies. The company launched with a flagship white label exchange product and has since expanded its offerings to include brokerage solutions, OTC solutions, wallets, payments, liquidity services, asset tokenization, and more.

Over the past decade, AlphaPoint has powered over $1 trillion in transactions across more than 10 million users globally. The company’s exchange technology has powered some of the biggest names in crypto, enabling fast, efficient, and compliant trading.

“AlphaPoint has all the world experience to offer technological solutions, financial services and access to Bitcoin for millions of Salvadorans who are actively using the Chivo wallet.” Through this global undertaking, “the objective of President Nayib Bukele with Chivo is to provide millions of Salvadorans with the opportunity to know about bitcoin, access financial services, as well as the possibility of receiving and sending remittances without charging commissions.”

Milestones include:

  • Supporting over 150 customers across 35+ countries, including leading exchanges, banks, and brokerages
  • Over $1 trillion has been traded and billions of assets deposited on the platform
  • Providing technology to global leading financial institutions such as CME Group, XP Securities, RBC, Scotiabank, Guardian Life, and the largest retail banks in two countries
  • Powering the Chivo digital wallet for the government of El Salvador, the first state-backed implementation of its kind
  • AlphaPoint is the proud recipient of the 2023 US Fintech Awards Best Use of Blockchain Technology, Financial Times The Americas’ Fastest Growing Companies for 2021, Inc 5000 America’s Fastest Growing Private Companies for 2020, and numerous other prestigious awards.
  • Completing SOC1 and SOC2 security audits to meet institutional standards

“When we started AlphaPoint 10 years ago, our goal was to enable mainstream crypto adoption by building solutions to make digital assets accessible, trusted, and reliable,” said Founder Joe Ventura. “Today our infrastructure powers millions of users globally, and we are proud to have helped progress the industry from its nascent stages to the maturing ecosystem it is now.”

As AlphaPoint enters its second decade, the company remains committed to developing best-in-class products and supporting the next generation of blockchain innovation. “The next 10 years will see exponential growth in crypto adoption worldwide,” said CEO and Co-Founder Igor Telyatnikov. “Our solutions make it easy for partners across financial institutions, government and startups to build the digital asset products and solutions that will drive and power mainstream integration.”

About AlphaPoint

AlphaPoint is a global financial technology company providing digital asset infrastructure to power the next generation of exchanges, brokerages, payment networks, and banking. Our full-suite products provide trusted, secure, scalable, and customizable solutions for trading, payments, lending, custody, and more.

AlphaPoint has enabled over 150 customers in 35 countries including the CME Group, XP Securities, and Chivo. AlphaPoint has powered over 1 trillion in trading volume and the technology has handled billions in assets on the platform. Over the past decade, we have received multiple prestigious awards recognizing our innovations, exponential growth and leading technology in the fintech and digital asset space, positioning us to continue empowering our clients. For more information, please visit https://alphapoint.com/.

Meet StocksFC: The Football Stock Market Where Goals earn you crypto 7300

Stockers

Amsterdam, Netherlands – StocksFC, the innovative football (soccer) stock market platform that runs on Ethereum, is proud to announce its astounding success since its inception six months ago. In this short span, StocksFC has redefined the sports investment landscape, presenting fans with an unprecedented opportunity to monetize their football acumen.

A Game-Changer in Sports and Finance

With its launch in May 2023, StocksFC offered fans the chance to buy, sell, and trade football player stocks with the potential to earn crypto rewards when players shine on the pitch. Fast forward six months, and the market cap has increased by 1350%, with over half a million stocks in circulation. This seismic shift in sports engagement mirrors the bullish trends of the most dynamic financial markets.

Unrivalled Profits and Portfolio Power

The platform’s robust growth is underpinned by the soaring value of player stocks – premier players like Maddison surging over 400% since being listed. These are not anomalies but rather the norm on StocksFC, where every week offers the thrill of potential profits. Football fans have the freedom to craft their portfolios to capitalize on the weekly, monthly, and end-of-season cash rewards, with strategies ranging from investing in undervalued players to identifying future superstars.

Alex Thomas, founder of StocksFC said, “The surge in growth we’ve experienced in the past 6 months has been remarkable. We remain firmly committed to establishing ourselves as a leading force in the rapidly growing field of alternative financial assets.”

Three-tier model to retain rapid growth

The three-tier model to retain rapid growth at StocksFC includes an unparalleled commitment to transparency, sustainability, and community.

Transparency is not just a buzzword at StocksFC; it’s the backbone. The platform guarantees an immutable ledger of transactions, fostering unmatched trust among its users. Following this, sustainability is equally vital, with StocksFC’s design ensuring long-term value growth. Each stock is an ERC20 token and with a limit of 100k stocks per player and a systematic burn of stocks on trades, scarcity is artfully crafted to boost potential rewards.

Additionally, at the heart of StocksFC’s ethos is a community-first approach. User polls will guide significant platform decisions, ensuring that those who invest their time and passion into StocksFC have a voice that resonates at the very core of its operations.

The Future is Bright

The groundbreaking platform has not only attracted fans but has also garnered the confidence of financial and technological titans. Early investment from venture capital firm Antler has supercharged StocksFC’s ascent, while partnerships with Bitgo, Ramp, Coinbase Commerce, and Opta have provided a solid infrastructure for seamless, secure trading experiences.

With it’s exceptional growth, StocksFC continues to blaze a trail in the sports investment domain. The future promises an exciting expansion of its offerings, with plans to release hundreds of additional players in the coming months and to expand into Europe’s top 5 leagues, as well as other sports.

StocksFC extends an open invitation to football fans and sports traders worldwide to join them, and be a part of this winning streak that melds passion with profits.

For more information and to become part of this investment revolution, visit StocksFC’s platform, engage with the community on Telegram, Discord and X (Twitter).

Score Big with StocksFC – Where Every Fan is an Investor.

StocksFC – Buy. Sell. Earn