Rushing ‘token mapping’ could hurt Aussie crypto space — Finder founder
Australian crypto entrepreneur Fred Schebesta said Australia already has a “fledgling” crypto industry but needs to “align with the other major markets." Australian crypto entrepreneur and investor Fred Schebesta has described the Australian government's prioritization of token mapping as “wonderful,” but warns that rushing it could lead to detrimental effects on the economy.Schebesta's comments come after Australian Treasurer Jim Chalmers released a statement on Aug. 22 stating that the “treasury will prioritize token mapping work" in 2022 to show how “crypto assets and related services....
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Australians have been learning more and more about cryptocurrencies but it turns out some myths and misconceptions are still widespread among the general public Down Under. As a most stunning example, over half of the participants in a new poll by Finder believe Elon Musk invented the first crypto network, Bitcoin. Finder Tests Australians With 8 Questions About Bitcoin The comparison website Finder.com has recently surveyed 1,000 Australians to gauge their knowledge about Bitcoin. The study, conducted through its Consumer Sentiment Tracker, found that a staggering 98% of the respondents....
Australia plans on reviewing how cryptocurrency assets are managed this year by undertaking “token mapping” which has never been done before. The Labour government of Australia will be carrying out the process this year itself. This will be in order to keep the practices up to date and also safeguard customers. “Token Mapping” is a […]
Rug Pull Finder's NFT contract was abused to allow two scammers to mint 450 NFTs instead of one per wallet. In an ironic twist, Rug Pull Finder (RPF), a nonfungible token (NFT) watchdog focused on identifying Web3-based fraud has fallen victim to a smart contract exploit of its own.According to the NFT investigator’s post on Twitter on Sept. 2, two people exploited a technical flaw in the project during the free mint stage — pilfering 450 NFTs out of a possible 1,221 which were intended to be limited to one per wallet.As discussed on our Twitter space's earlier today - We messed up. We....