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Snitch to earn. Who's in?
Arkham's ‘Dox-to-Earn’ program on identity of anonymous crypto wallets. DeFi protocol to get loans on Rolexes. Slurpee NFTs by 7-Eleven. Now get NFT resumes. Earn BTC for Playing Minecraft.
In a lively Twitter Spaces session, he passionately defended his new controversial "dox-to-earn" program, shedding light on the importance of uncovering the true identities behind blockchain transactions.
A little context
Arkham Intelligence launches the Arkham Intel Exchange, a marketplace for valuable on-chain cryptocurrency data.
Arkham introduces its native token, ARKM, creating excitement in the crypto community. Limited-time sale on Binance Launchpad, offering 50 million tokens (equivalent to 5% of the total supply).
Bounty Mechanism: Users can post bounties for sought-after data, enticing researchers and sleuths to uncover valuable information.
Twitter users discovered that by decoding the appended data from Arkham's referrals using a Base64 decoder, they could reveal the full email addresses of the posters.
The buzz that unfolded on Crypto Twitter
Crypto clues and connections
In the Twitter spaces, Morel proudly shared that Arkham's focus is on analysing strictly publicly available information to piece together the puzzle of wallet ownership. By drawing connections from this data, they aim to provide valuable insights that could have prevented major crypto losses in the past.
"The whole point is that when situations like that happen, there's then an incentive from the community that's actually getting exploited in these situations to actually then go out and put in real work and real hours to try to figure out who's behind the fraud in order for them to be potentially reported to the authorities. This is the general intention.”
Addressing privacy and fighting fraud
While acknowledging privacy concerns, Morel emphasised that exposing bad actors and preventing scams and hacks is at the core of Arkham's mission. He highlighted the vital role their platform plays in countering negative narratives that have plagued the crypto industry for years.
"Arkham basically focuses on analysing strictly publicly available information, to then make connections about what sort of entities own which particular wallets."
The Great Debate
Not everyone was convinced by Morel's words. Crypto trader Scott Melker, known for his sharp insights, raised concerns about the potential misuse of financial incentives for attacking innocent individuals.
"What I'm concerned with is the Pandora's box that opens when you incentivise people financially to attack people," he said.
Acknowledging the scepticism and criticism, Morel took to Twitter to address the raised concerns head-on. He assured participants that Arkham would take steps to mitigate the potential risks associated with their program. Morel emphasised the great responsibility Arkham holds in protecting the integrity of the crypto industry.
Morel assured that the issues raised "will be mitigated" and added that he understands the "great responsibility" he holds.
TTD NFT 🐝
Arcade.xyz brings loans on Rolexes
Arcade.xyz introduces DeFi protocol for NFT lending with a unique twist.
Loans between strangers facilitated using luxury watches as collateral and NFTs as loan guarantees.
Rolexes and a Patek Philippe watch lent for cash, with loan durations ranging from 56 to 90 days.
On-chain escrow protocol 4K used to securely hold watches, while NFTs represent ownership.
Anonymity in the lending process attracts a wider pool of borrowers and lenders.
7-Eleven's NFT treat on "Slurpee Day"
7-Eleven celebrates "Slurpee Day" by launching free Slurpee NFTs on the Polygon network.
Virtual collectible game allows users to create their own Slurpee cup with various flavours.
Cherry, Blue Raspberry, Pina Colada, and Summertime Citrus flavours delight collectors.
After filling the cup, collectors can claim their "Slurpee Vibe Digital Collectible."
A six-digit code is provided to claim the Slurpee NFT, adding exclusivity and collectibility.
NFTs are licensed to the collector and cannot be sold or transferred.
CoSoul wants you to have NFTs as resumes
A trustless way for individuals to showcase skills and achievements.
CoSoul updates monthly based on Coordinape's native token, GIVE.
Holders can display received public GIVE, demonstrating contributions and involvement.
CoSoul tokens become dynamic representations of skills and experiences.
A comprehensive and interactive alternative to traditional resumes.
TTD Bitcoin 🪙
The Satlantis Minecraft server has teamed up with Bitcoin payments startup Zebedee for an integration that lets you … 👇
Earn Bitcoin playing Minecraft
With Zebedee's Lightning Network-enabled gaming tech, players on the Java edition of Minecraft can now delve into the world of Bitcoin rewards. The gameplay elements are inspired by Bitcoin mining rigs and mining pool collectives. You can boost your mining "hash rate" to increase your chances of winning Bitcoin within the game.
But how much can you earn? Well, Satlantis is generously giving out over 1 million satoshis per week, which is about 1% of a whole Bitcoin. That means you could be raking in over $300 worth of Bitcoin every week.
Remember, this Bitcoin integration is an unofficial collaboration and not endorsed by Minecraft's developer or publisher. However, that won't stop the intrepid Satlantis server and its community members from creating an immersive Bitcoin-themed experience for fellow gamers.
TTD Football 🏈
SimWin Sports, the platform supported by Magic Johnson, introduces a 24/7 virtual football league powered by AI and NFTs.
Celebrity Owners and Trainers: Legendary figures like Magic Johnson, Jerry Rice, Marshall Faulk, Tracy McGrady, and LaMelo Ball coach the digital teams.
Earn Money with Virtual Players: Become a "player agent" and "own" the virtual players you train. Earn money from their salaries, sponsorships, bonuses, and shared fantasy sports revenue.
AI-Powered Coaching Simulator: SimWin's athletic performance AI executes the moves called by the players and coaches. Experience realistic gameplay with AI-driven individual players on the field.
Fair and Secure Gaming Experience: AI eliminates the possibility of physical players cheating, ensuring a level playing field. Enjoy the excitement of esports without the risk of game manipulation.
Future Expansion and Web3 Integration: SimWin plans to expand into soccer, basketball, and cricket. Partnered with Immutable to bring a Web3 edge to fantasy football, leveraging blockchain technology.
TTD Hack ⚠️
Multichain hack raises alarms
Multichain platform experiences one of the largest crypto hacks, losing $125 million.
Analysts suspect an inside job due to abnormal transfers of funds.
Platform locked due to technical issues before the exploit occurred.
Security firm Beosin reports an additional $103 million moved to various blockchain addresses.
Chainalysis believes the hack was a "rug pull" where developers fraudulently keep investor funds.
Rodeo Finance falls victim
Rodeo Finance, an Arbitrum-based DeFi project, suffers a hack resulting in a loss of $888,000 in Ethereum.
Attacker utilises a "ForceInvestment" hack to steal 472 ETH from Rodeo's USDC pool.
Mixer Tornado Cash used to obfuscate stolen funds, leaving 371 ETH in the wallet.
Attacker manipulates the price of ETH by swapping it for unshETH.
An additional 230 WETH stolen from the Rodeo vault.
Initial loss reported as $1.5 million, later corrected to $888,000.
Blockchain security firm PeckShield brings attention to the attack, highlighting vulnerabilities.
TTD Surfer 🏄
Glassnode says Bitcoin has formed a strong foundation of investor holdings below $30,000, indicating solid price support at its current level.
An executive from FTX, Ryan Salame, is being investigated for allegedly making illegal donations to his girlfriend's political campaign.
The US Department of Justice has charged an engineer in the first-ever case involving a hack on a decentralised exchange (DEX).
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The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.