Business magnate Mark Cuban has reportedly been hacked to the tune of hundreds of thousands of dollars worth of digital assets. According to a new report by DL News, the billionaire’s MetaMask wallet was hacked and 10 different crypto assets worth $870,000 were stolen from him. The report finds that Cuban had Ethereum (ETH), Lido […]
The post Billionaire Mark Cuban Suffers $870,000 in Losses to a Crypto Hack: Report appeared first on The Daily Hodl.
Ethereum Name Service has integrated fiat payment options for new decentralized domain registrations in a new partnership with MoonPay.
Web3 users can now register decentralized .eth domains on the Ethereum Name Service (ENS) protocol using a host of fiat payment options, including Apple Pay, and Google Pay, as well as debit and credit cards,
ENS announced the launch of a new fiat on-ramp for domain registrations through Web3 fiat payment gateway MoonPay on April 20. Registrations of .eth domains previously had to be paid for using Ether (ETH) via cryptocurrency wallets, which was cited as a barrier to entry for prospective Web3 users.
MoonPay’s service has been integrated into the ENS website, while the platform also launched version 3 of its user interface to streamline sign-ups. This is aimed at eliminating the need for multiple transaction approvals previously required with cryptocurrency wallets.
A statement from ENS founder Nick Johnson highlighted the service’s focus on making Web3 “human-readable” to simplify the process of obtaining decentralized digital identities. ENS allows users to map human-readable names like “cointelegraph.eth” to machine-readable information like cryptocurrency addresses and URLs:
“This allows us to reach those who are either just entering the space or who are not yet comfortable with transacting and would prefer to use the currency and payment form they understand best.”
The upgrade of ENS’s platform is also touted to expand its usability beyond a primary use-case of creating human-readable names for wallets to replace numerical addresses typically generated by wallet service providers, platforms and blockchain protocols.
ENS users can use names to host censorship-resistant websites, which can be linked to conventional domain name service (DNS) addresses already in use.
Related: State of play: Decentralized domain services reflect on industry progress
MoonPay’s vice president of partnerships, Bree Blazak, highlighted the integration with ENS as a means to create a simple payment experience for new users looking to obtain digital identities or decentralized domains:
“Our partnership with ENS delivers that by making it possible to buy a .eth name with some of the most familiar payment methods available.”
Ethereum Name Service hasseen over 2.3 million names created from more than 550,000 unique addresses. As Cointelegraph previously explored, decentralized domain name registrations have been on the rise over the past two years.
Both ENS and Unstoppable Domains have become leading platforms onboarding new users to the world of Web3 and decentralized identities. The latter also partnered with MoonPay to incorporate nonfungible token domains in transactions on the platform in July 2022.
Magazine: 2023 is a make-or-break year for blockchain gaming: Play-to-own
This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX’s and Alameda Research’s cache. However, the disclosure to unsecured creditors does not mention the extremely large […]
The Ethereum Name Service rounded off 2022 with over 2.2 million ENS domains registered, helped in part by integrations with exchanges and industry participants.
2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space.
According to the service, over 80 percent of the total ENS domains created since the project's inception were registered in 2022. Data from Dune Analytics shows that ENS has around 2.82 million names registered as of Jan. 2, with 630,340 owners of ENS domains.
Happy New Year everyone!
— ens.eth (@ensdomains) January 1, 2023
2022 was an incredible year for ENS!
Over 2.2m ENS names were registered in 2022 (that's 80% of ALL names created)
If you're ready for 2023, drop your ENS below ✨
As Cointelegraph previously explored in an exclusive interview with ENS founder Nick Johnson, the service allows users to map human-readable names like “nick.eth” to machine-readable information like cryptocurrency addresses and URLs.
The service has been driven by users adopting ENS names for decentralized profiles that work across decentralized applications and platforms. ENS domains serve as ETH wallet addresses, cryptographic hashes or website URLs and are effectively nonfungible tokens (NFTs).
Related: Ethereum co-founder’s poll shows people want $100 lifetime .eth domains
The growing popularity of the service saw a number of partnerships with major exchange operators like Coinbase come to the fore. The American exchange announced the integration of ENS in September 2022, giving users the ability to replace traditional Coinbase cryptocurrency wallet addresses with language-based usernames.
While default ENS domains end with .eth, Coinbase’s integration of the service allows users to claim “name.cb.id” usernames using Coinbase Wallet’s browser extension. Coinbase's adoption of the ENS service was driven by the utility of ‘human-readable’ names in making Web3 more user friendly.
Data shows that September saw the largest number of ENS registrations created last year, with 437,000 ENS domains registered. The data suggests that the exchange’s ENS integration significantly impacted new sign-ups in 2022. May 2022 was also a bumper month for ENS, as low gas fees on the Ethereum network played a role in a surge of .eth domain registrations.
A widely followed crypto strategist believes that Bitcoin (BTC) is gearing up for a massive rally next year. Analyst Michaël van de Poppe tells his 642,700 Twitter followers that he expects Bitcoin to ignite big rallies toward his targets of $42,313 and $50,324 by June 2023 based on key Fibonacci levels. “Relief rally targets for […]
The post Top Analyst Forecasts Massive 2023 Bitcoin Rally, Updates Outlook on Ethereum and Cosmos appeared first on The Daily Hodl.
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) […]
Following the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) banning Tornado Cash and a number of associated Ethereum-based addresses, an anonymous Tornado Cash user has dusted a swathe of well known wallets tied to ENS domain names. Onchain data shows that a number of celebrities and organizations received 0.1 ether from the platform. […]
The number of Ethereum Name Service (ENS) domains is nearing the two million mark as 1,888,209 ENS names have been etched into the Ethereum blockchain to date. The project recently detailed that July saw the largest monthly rise in revenue scoring 5,400 ether worth roughly $2.48 million during the course of the month. ENS Registrations […]
Before it expired, the offer stood at approximately 10x the amount of the domain's last sale.
On Tuesday, the Ethereum Name Service, or ENS, domain Amazon.eth received an offer for 1 million USDC (a stablecoin pegged to the U.S. dollar) from an anonymous wallet address on OpenSea. The offer to buy the ENS domain went unanswered however, and no transaction took place. This is despite the last sale of the domain name being five months ago for 33 Ether (worth around $100,000 at that time).
The expired million-dollar offer for Amazon.eth on OpenSea | Source: OpenSea
It is unclear at the time of publication whether the owner simply was not informed of the offer, or did not consider it to be near fair value, or if the bidding and domain owner accounts were linked in an attempt to boost the price of the asset (in what is known as a "wash trade"). According to data from Opense, other bid offers for the ENS domain stand at just around $6,200 USDC. The domain name is verified as official by ENS and is owned by anonymous OpenSea user 4761BF.
The expired million-dollar offer for Amazon.eth on OpenSea | Source: OpenSea
ENS is a blockchain naming protocol that allows users to store avatars and profile images for use across devices and send or receive crypto and nonfungible tokens. To sell a .eth domain on OpenSea, users would first need to connect their wallet and register an address at manager.ens.domains then list it on their OpenSea account.
While many crypto enthusiasts took up interesting or creative names for the ENS service, others have embarked on the practice of domain-flipping. That is, registering ENS domains containing names of prominent entities beforehand and then later demanding a high price for the domain should the said entity wishes to enter the Web 3.0 space later on.
Since its inception in 2017, there have been over 1.67 million .eth domain registrations across approximately 482,000 owners. More than 154,100 registrations were made recentl between July 5 to July 18, partly due to lower gas fees and continued interest from entities seeking to enter the Web 3.0 space. To date, the ENS collection on OpenSea has witnessed approximately 46,200 ETH ($71.5 million) in cumulative transaction volume.
