Tokenization

Arrests Made in Connection with Holograph Hack

Thursday. August 15 at 8:30 PM

1 min. read

Following an extensive two-month investigation led by France’s Office for the Prevention of Cybercrime (OFAC) in collaboration with various international agencies, several arrests have been made in connection with the June 13 Holograph hack. The arrests, made in Italy with French assistance, resulted in the freezing and seizure of significant assets and electronics. The suspects, yet to be named, are expected to be extradited to France for prosecution. The hack involved a sophisticated attack on the Holograph protocol, resulting in the minting of 1 billion native Holograph tokens valued at $14.4 million. Despite the incident causing a sharp drop in token value, Holograph has since enhanced its security measures. The investigation is ongoing, with more details expected to emerge regarding the breach and preventive measures being implemented. Additionally, the Indian exchange WazirX recently restored balances following a $235 million hack in July, attributed to discrepancies in transaction data.

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Bitfinex Derivatives Secures DASP License in El Salvador

Wednesday. January 8 at 5:00 PM

Bitfinex Derivatives, the derivatives arm of crypto exchange Bitfinex, has obtained a Digital Asset Service Providers (DASP) license to operate in El Salvador. The approval of the DASP license has led to the firm's decision to move from Seychelles to El Salvador. Paolo Ardoino, the chief technology officer of Bitfinex Derivatives, emphasized the significance of this move, highlighting El Salvador's emergence as a global financial center. El Salvador has been actively working on establishing new crypto regulations to position itself as a crypto hub. Bitfinex Securities, a subsidiary of Bitfinex, recently acquired a local DASP license in compliance with El Salvador's Digital Assets Securities Law. The licensing framework in El Salvador enables companies to tokenize various assets, facilitating capital raising and investment opportunities. Despite facing challenges, such as a failed tokenization project for a Hilton hotel, Bitfinex Securities remains committed to leveraging El Salvador's regulatory environment for innovative financial offerings.

Tokenization

Rexas Finance: The Next Shiba Inu of 2025

Sunday. January 5 at 2:00 AM

Shiba Inu's remarkable rise in the cryptocurrency market has set a benchmark for new tokens seeking success. Rexas Finance (RXS) emerges as a promising contender at $0.175, attracting attention from SHIB whale investors. By focusing on tokenizing real-world assets, RXS stands out in the crowded crypto space, bridging the gap between blockchain technology and tangible assets. The token's presale success, priced at $0.175 and exceeding $34.31 million, reflects strong investor demand and community support. With the involvement of SHIB whale investors, RXS shows potential for unprecedented growth in 2025. Its emphasis on asset tokenization, accessibility, and real-world application positions it as a significant player in the crypto market. Rexas Finance (RXS) presents a unique opportunity for investors seeking substantial returns and meaningful investment in the future.

Tokenization

Revolutionizing Meme Coin Investment with Meme Index

Tuesday. December 31 at 11:00 AM

Meme Index is revolutionizing meme coin investment by offering a structured approach through token baskets, catering to different risk appetites and investment goals. The platform's MEMEX token provides access to strategic portfolios and governance participation. Staking opportunities offer passive income generation, with high projected returns during the presale phase. The distribution schedule for staking rewards emphasizes sustainable growth and long-term value creation. Investment baskets like Titan, Moonshot, MidCap, and Frenzy cater to varying risk levels in the meme coin market. The MEMEX token allocation strategy balances immediate utility and long-term sustainability, with allocations for distribution, staking rewards, marketing, community rewards, and treasury/governance. The ongoing presale allows early adopters to engage with the ecosystem using cryptocurrencies or bank cards. MEMEX aims to redefine meme coin investments and attract a broader audience of crypto investors.

Tokenization

Innovative Tokenization of Broadway Production

Tuesday. December 31 at 3:00 AM

Helm Capital Group has introduced Kowalski Coin, a token linked to the Broadway show 'Kowalski,' aiming to revolutionize investment in theater. The Benefit Block model offers transparency and accessibility to retail investors, merging traditional arts with blockchain technology. By anchoring each coin to a unique hash, the project combines investment potential with digital collectible features. CEO Jeffery Sherman emphasizes the importance of supporting creativity through transparent and inclusive funding models. The play 'Kowalski' reimagines the historic meeting between Marlon Brando and Tennessee Williams, introducing a new character to explore their dynamic relationship. This initiative addresses funding challenges in the entertainment industry, bridging DeFi functionality with real-world assets. Investors can purchase Kowalski Coins on the project's website, offering a unique opportunity to support a legitimate Broadway production through blockchain technology. This innovative approach could set a new standard for funding creative projects and tokenizing traditional entertainment assets.

Tokenization