NEOPIN to launch bridge platform for Finschia, Ethereum and Klaytn networks

Xangle and CertiK Team Up to Promote Mass Adoption of Web3CrossAngle, the operator of the virtual asset data analysis platform Xangle, announced on Wednesday that it has teamed up with CertiK, a global blockchain security ranking platform, to promote the mass adoption of Web3 technologies and contribute to the formation of a secure and transparent blockchain ecosystem.Photo by Shubham’s Web3 on UnsplashStrengthening security and data insightsCertiK is a security-focused ranking platform for analyzing and monitoring blockchain protocols and DeFi projects. Through this new partnership, Xangle will gain access to Skynet, CertiK’s Web3 security analysis platform that monitors and visualizes on-chain and off-chain data with cutting-edge technology, along with other API data. In turn, CertiK will receive access to Xangle’s cryptocurrency reference price API and on-chain data analyses.CertiK’s industry analysis reports will also be regularly featured on Xangle’s research platform. Xangle’s research reports are well-regarded throughout the industry and have been featured on local and international financial information platforms such as Bloomberg Terminal, CoinMarketCap, Yonhap Infomax, and FnGuide.Positive outlooks“We are delighted to partner with CertiK, a global leader in Web3 security. We are already anticipating great synergy with our strong capabilities in on-chain data analysis,” said Jake Lim, Chief Business Development Officer (CBDO) of Xangle. “We believe that this collaboration between our two companies will accelerate the mass adoption of Web3 technologies.”Jason Jiang, Chief Business Officer (CBO) of CertiK, added that the partnership is expected to not only enhance security and transparency in the blockchain ecosystem but also help set new industry standards.This partnership between CertiK and Xangle reflects the growing importance of security and data analysis in the rapidly evolving Web3 landscape, as both companies work together to drive its widespread adoption.

Korean Financial Watchdog Warns Investors Against Crypto ScamsThe South Korean Financial Supervisory Service (FSS) issued a press release today to warn investors against fraudulent cryptocurrency investment schemes.406 reported scams in two monthsBetween June 1 and July 30, the FSS received a total of 406 reports of crypto scams that lured individuals with false promises of high returns. Some of these perpetrators went to the extent of misrepresenting themselves as employees at crypto exchanges or project foundations. The FSS installed a virtual asset scam report center two months ago, which will run until this year’s end, as an interim measure before the implementation of the Virtual Asset User Protection Act in July of next year.Photo by Growtika on UnsplashSix scam typesTo strengthen its efforts, the FSS has shared six reported case types with the public and has issued investment warnings accordingly. Investors are advised to exercise caution when dealing with unlisted cryptocurrencies at low prices, as accurately determining their value can be challenging. Similarly, the FSS cautions against investing in cryptocurrencies sold at low prices with trading restrictions, as this could lead to difficulties in liquidating tokens if the price drops.The FSS also emphasizes the importance of being wary of cryptocurrencies with low trading volumes, as they can experience drastic price fluctuations due to limited activity. To prevent falling victim to impersonation scams, investors are urged to be cautious of individuals claiming to be employees of domestic virtual asset service providers or presenting official documents to solicit investments.Furthermore, the financial watchdog stresses the risks associated with suspicious requests associated with electronic wallets, particularly connecting to them via unsolicited emails, as they pose a high risk of being hacked.Lastly, the watchdog warns against falling for promises of high returns linked to cryptocurrencies endorsed by celebrities or well-known companies, as these may be illegal deposit-taking activities performed by unlicensed entities. The FSS advises investors to remain vigilant, conduct thorough research, and approach investment opportunities with skepticism to protect themselves from potential crypto scams.

Oasys and XPLA to Host Hackathon Promoting Blockchain InteroperabilityOasys, a Japanese blockchain gaming platform, has teamed up with XPLA, a blockchain project led by Com2uS, a major Korean gaming company, to hold a hackathon focused on blockchain interoperability. The event, named “Beyond Boundaries,” aims to foster innovative ideas that enhance the seamless connection between different blockchain networks.Photo by Fotis Fotopoulos on UnsplashGlobal participation and prizesAs the importance of interoperability between blockchain networks is growing, Oasys and XPLA have joined hands to host this hackathon. Participants from around the world are invited to compete for a total prize pool of $60,000, with both Oasys and XPLA contributing $30,000 each to reward outstanding solutions.Three areas of blockchain interoperabilityThe event will encourage programmers to address three key aspects of blockchain interoperability. Participants can submit proposals for connecting layer 1 nodes through cross-chain protocols, creating plugin programs to bring games and NFTs to the blockchain, and introducing novel ideas to improve the user experience during the KYC verification process.The hackathon will begin on August 18, with the kickoff event and submissions opening on the same day. Participants will have until August 27 to submit their proposals. The finalist announcement is set for August 29, leading up to the highly anticipated Demo Day on September 3, which will take place at Dreamplus Gangnam, a co-working space for startups, in Seoul.The judging criteria for the competition will focus on the compatibility of the proposed solutions with blockchain technology, creativity, business feasibility, and the progress made in development.Last year, Com2uS became an Oasys validator and has revealed plans to deploy their flagship title, “Summoners War: Chronicles,” as a blockchain game on the Oasys platform.Com2uS has been demonstrating its commitment to the blockchain gaming sector. Recently, the Korean game developer’s venture capital arm, CRIT Ventures, made an investment in blockchain game developer Puzzle Monsters, which gained popularity through AFK MMORPG Idle Ninja Online and action role-playing survival game Ninja Survivors Online.