CBP project, 5100 Erin Mills Pkwy, Northeast Mississauga, ON (2026)

02/17/2022

Chainlink, the market-leading blockchain oracle solution, today announced the latest release of Chainlink VRF v2 (Verifiable Random Function). This new and improved version of the industry’s most widely adopted random number generator (RNG) provides an easy-to-use subscription management app for accessing a secure source of randomness while reducing transaction fees by 60%, empowering smart contract developers to build the next wave of provably fair and scalable NFT and gaming applications.

Whether it’s the outcome of a game, the attributes of an NFT, or the distribution of unique digital assets, randomness is a core component to making these processes fair, exciting, and secure. On their own, blockchains and smart contracts are not able to guarantee randomness and therefore need an oracle network to deliver tamper-proof, cryptographically secure, and transparent on-chain randomness. Since its launch, Chainlink VRF has become the most widely adopted random number generator solution in the entire blockchain industry, fulfilling more than 3 million request transactions and currently providing verifiable randomness to more than 2,200 unique smart contracts across multiple blockchain networks, including Ethereum, Polygon, and Binance Smart Chain (BSC). Popular projects like Bored Ape Yacht Club, Axie Infinity, Ether Cards, and more rely on Chainlink VRF for randomness.

"Over the last year, Chainlink VRF has become the industry standard for randomness in the blockchain sector," said Sergey Nazarov, co-founder of Chainlink.

"It is only with verifiable, tamper-proof randomness that it becomes possible to securely mint NFTs and their attributes, or ensure fair outcomes in blockchain-based games. Chainlink VRF has already become the standard randomness solution for the blockchain industry, and I believe the efficiency benefits of v2 will further accelerate its adoption rate across many new ecosystems." Without VRF, randomness derived from other sources can be easily manipulated or vulnerable to exploitation with no guarantee of being truly random, meaning that a bad actor can influence an NFT mint or game mechanics in their favor. To alleviate this problem, Chainlink VRF is built to provide blockchain developers with a source of cryptographically secure, on-chain randomness. With every new request, Chainlink VRF generates a random number and cryptographic proof of how that number was determined using a combination of unpredictable block data and an oracle’s private key. The cryptographic proof is then published and verified on the blockchain where it can be used by a consuming application. This process ensures that the results are provably fair, verifiable, and tamper-proof.

02/16/2022

Shumo, a deflationary token built on the Ethereum blockchain, is making waves in the crypto space having launched its token. Within a few days of launch, it has received noticeable volume without kick-starting its marketing.

Shumo intends to solve the problem of sustainability by generating its own revenue and holders share 100% of the profits.

Buybacks and Burns

Shumo offers periodic buybacks and burns to ensure its supply remains deflationary, importantly, token holders can vote on important issues, trade, and farm tokens. Although the project is in its infancy stage, CEO Caesar, believes that everything is geared towards Shumo becoming a household name in the cryptocurrency industry.

Features of the Shumo Eternal Empire Fund

Uniquely, it has created the Eternal Empire Fund that ensures 4% of all transactions are kept in the fund. The essence of the Eternal Empire Fund is to use it as an investment with all profits generated from it used to buy back and burn. 2% reflections means holders earn more tokens and the value of each token is going up.

The Eternal Empire Fund allows users to hold stable coins to buy altcoins when the market dips. It also offers different profiles, including high, medium, and low risks. Furthermore, the platform provides an opportunity to farm and earn tokens through the Shumo buyback feature. In addition, the investment allows you to buy and sell NFTs for profits while investing in other meme coins that are performing well.

The important part of the fund is that everyone can make short-term profit in the market. Interestingly, unlike other tokens that quickly fade out in the market once the inflow of investors reduces, that is different for Shumo as it generates its revenue.

According to the marketing manager, “Shumo doesn’t depend on frequent hyping for everyone to see its improvement in the chart.” In addition, investors get reflections, which helps increase the buyback price. Concurrently, investors receive more tokens as this takes place.

02/16/2022

Publicly-listed company SelfWealth (ASX: SWF) has reportedly become the first Australian online share trading platform to offer cryptocurrency investing after announcing a deal with the local crypto exchange BTC Markets.

In an interview with Cointelegraph, BTC Markets CEO Caroline Bowler stated that investors will be able to trade five primary crypto assets from Q2 2022, pending approval from Australian financial regulator AUSTRAC

02/15/2022

The Russian government moves to legalize cryptocurrencies.
The Central bank of Russia opposes the move.
Experts believe the move could attract foreign investment.
The Russian government is moving toward regulating the use of cryptocurrencies in the country. According to Bloomberg, Finance Minister Anton Siluanov in a letter to Prime Minister Mikhail Mishustin, says that legalizing crypto would help eliminate grey market crypto trading. He considers that it would help the government monitor the industry. Siluanov also states that allowing trade would possibly lead to a surge in foreign investors.

The government later published an outline of how it plans to regulate the market. Furthermore, the Deputy Finance Minister of Russia, Alexey Moiseev said:

We need to create clear and transparent rules for the participation of citizens and businesses in the financial instruments of the crypto market. Clear regulation excludes the possibility of a parallel financial system appearing.
However, Russia’s central bank opposes this move citing several reasons. Firstly, the bank believes that cryptocurrencies appear to be similar to the structure and functioning of a pyramid scheme. Additionally, it stated that crypto could be used for illegal transactions.

“The approaches proposed by the government do not yet allow neutralizing the risks that we see, and at the same time they create new threats,” says Bank of Russia Governor Elvira Nabiullina.

Russia has been witnessing a foreign investment slump since the Kremlin annexed Crimea from Ukraine in 2014. “Legalizing cryptocurrency could help Russia’s investment case, which suffers from a lack of venture capital due to the conflict with the West,” says Andrey Mikhailishin. Mikhailishin is the chief executive of Joys Digital payment service in Moscow. He believes that transparency could attract $3.5 billion in investment in 2022. President Vladimir Putin in January called on the authorities to reach a compromise.

02/15/2022

Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations.

Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.” In 2020, the team also launched an NFT platform called Valuables to mint and auction iconic tweets

02/13/2022

treaming and production giant Netflix (NASDAQ:NFLX) will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) — worth $72 million at the time.

The Netflix documentary will be centered around a New York-based couple and their link to laundering nearly 120,000 BTC tied to the crime. According to Netflix, the documentary will be directed by American filmmaker Chris Smith with Nick Bilton as the co-executive producer. The announcement read:

02/10/2022

Metaverse Ecosystem Development & Investment Conference Asia Station will be made on 24, 25, 26 May 2022 online, organized by the MC (Metaverse Club). The conference focuses on games, NFTs, DeFi, Technology companies from global, players, investors, and media in the Asia Pacific market, sharing the latest market news with global metaverse companies, finding investment opportunities, and meaningful PR opportunities in the Asia Pacific market.

The conference will include:
500+game,nft,defi,technology companies；
80+ investment institutions
50+ Asia Related Media；30+global media
20,000+ attendees online；
80+ featured speakers；
60+ metaverse innoviation topics；
30+keynote speeches；
10+panel discussion；
8+fireside chat;

02/08/2022

Polygon has raised $450 million in a private sale program.
The company aims to use the fund to bring real-time adoption of Web3.
Sequoia Capital India led the fundraising event.
Polygon (MATIC) announced that it has raised $450 million through a private sale funding event. The fundraising program was co-led by Sequoia Capital India.

Many other venture capitals including SoftBank, Galaxy, Tiger, and Republic Capital participated in Polygon’s strategic private sale event. In addition, the private sale event garnered massive support from many angel investors like Alan Howard (Co-Founder, Brevan Howard) and Kevin O’Leary (Mr. Wonderful from ABC’s Shark Tank), to name a few.

Polygon aims to use the fund to pave the way for greater mass adoption of Web3 technology. In turn, Polygon has a long-term goal to make the Ethereum network the most effective blockchain in the market compared to the other existing blockchains by using the fund. This will make the ETH network more open for DApp developer’s adoption.

What’s more, Polygon will use the fund to invest in cutting-edge zero-knowledge (ZK) technology with the intention to drive billions of users to Web3. Best of all, the Polygon team sees the private sale fundraising as a testament that will bring a complete presence of Web3 into reality.

02/02/2022

The tweet post gathered different reactions in the crypto Twitter space. Some are very positive while others express their own opinion about the tweet. Furthermore, the post has been retweeted almost 400 times with more than 4000 likes that continue to rise over time.

In line with the project that Block seeks to create, the company aims to design an ASIC Bitcoin mining system based on custom silicon designs and open-source collaboration. This project is expected to address the energy issues associated with Bitcoin mining. Hence, Bitcoin mining can be more environmentally friendly.

On the other hand, the country of El Salvador also plans to create its mining facility using the volcano’s geothermal energy. It is known in the crypto space that El Salvador is one of the countries that fully embraced the technology of Bitcoin. In fact, Bitcoin is a legal tender in the country.

At the time of writing, the market continues to struggle against the bloodbath bought by the raging bears. The market capitalization of the whole space amounts to $1.7 trillion which is down by almost -50% from its high price of $3 trillion in November 2021.

01/31/2022

The Boston Security Token Exchange (BSTX), a new facility of the Boston-based BOX exchange, received regulatory approval from the United States Securities and Exchange Commission (SEC) to operate as a blockchain-based securities exchange.

BSTX was launched jointly by BOX and Overstock’s blockchain arm tZERO, originally seeking approval for launching publicly-traded registered security tokens. However, the SEC approval to operate as a national securities exchange allows BSTX to use blockchain technology for faster settlements in traditional markets. According to the SEC,

01/26/2022

One of the trusted voices in the Twitter (NYSE:TWTR) community, Bitcoin Magazine tweeted that Jack Dorsey, CEO of Block is now solo mining. The tweet post did not mention any further details about what digital asset Dorsey is mining and the equipment he is using. However, in the past weeks, Dorsey’s company — Block has been actively looking for applicants that could help them in their Bitcoin mining projects.

JUST IN – Block CEO Jack Dorsey is solo mining pic.twitter.com/sfQULexT6o
— Bitcoin Magazine () January 25, 2022

The tweet post gathered different reactions in the crypto Twitter space. Some are very positive while others express their own opinion about the tweet. Furthermore, the post has been retweeted almost 400 times with more than 4000 likes that continue to rise over time.

In line with the project that Block seeks to create, the company aims to design an ASIC Bitcoin mining system based on custom silicon designs and open-source collaboration. This project is expected to address the energy issues associated with Bitcoin mining. Hence, Bitcoin mining can be more environmentally friendly.

On the other hand, the country of El Salvador also plans to create its mining facility using the volcano’s geothermal energy. It is known in the crypto space that El Salvador is one of the countries that fully embraced the technology of Bitcoin. In fact, Bitcoin is a legal tender in the country.

At the time of writing, the market continues to struggle against the bloodbath bought by the raging bears. The market capitalization of the whole space amounts to $1.7 trillion which is down by almost -50% from its high price of $3 trillion in November 2021.

CBP project

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