✋Stay up to date with Nimbus digest!
Some things never change and the FUD about the crypto ban in China is one of them. This week a series of media outlets spread the news that the world's second-largest economy declared all transactions involving cryptocurrencies such as bitcoin illegal and stepped up a crackdown on illegal mining of them in the country. What they forgot to mention is that similar crackdowns have been announced already years ago, the only difference is that this time regulator has blocked access to major cryptocurrency-related websites, including CoinGecko, CoinMarketCap, and TradingView via its internet firewall. Someone is scared of losing control over its monetary system… but let’s be honest, eventually decentralization will win.
https://finance.yahoo.com/news/china-blocks-coingecko-coinmarketcap-other-071627705.html Despite growing regulatory pressure, Coinbase released a new function that allows users to get paid in bitcoin and other cryptocurrencies by enabling direct deposit of paychecks into Coinbase accounts. By the way, PayPal, SoFi, Chime, and Robinhood already offer crypto-related services to go along with their core products. Revolut, on the other hand, is looking to launch its token. Do you think we will see Facebook, Amazon, Google, or maybe JPMorgan coins too?
https://www.cnbc.com/2021/09/29/affirm-will-let-users-buy-and-sell-bitcoin-and-other-cryptocurrencies.htmlLast but not least, where do you think is the center of the crypto economy now? According to Chainanalysis in Central, Northern, & Western Europe (CNWE). Curiously, an influx of institutional investment, signaled by large transactions, drove most of the growth, though retail activity also increased.
https://blog.chainalysis.com/reports/central-northern-western-europe-cryptocurrency-geography-report-2021-preview
Hey Nimbus Community,If you are tired of long text guides but still keen to discover more about how the Nimbus Platform works, we've got some news for you!
We have prepared a video guide on Nimbus Staking for you to watch and learn the art of making the most of our 6 staking conditions!
Check out the guide https://link.nimbusplatform.io/z0a Do you like this format? If so, put a like and we’ll create more video guides on other functionalities for you soon!
White hacker got paid the highest reported bounty fee of $1M so far for averting a bug crisis on Belt finance...
~$80M worth of COMP tokens have been mistakenly offered to users as rewards...
Cream Finance lost $19M in a flash loan attack...
To prevent such instances from ever causing grievance to our community, we have built an ultra-reinforced three-layer security system for the Nimbus Platform.
Nimbus Platform security defense lines are as follows:1️⃣ For newly developed smart contracts — two phases of testing via autotests and manual testing:
✔️ First round of manual testing — done by testers
✔️ Second round of manual testing — done by test managers
✔️ Final cross-checking done by pen testers
2️⃣ The smart contracts are reviewed by our primary auditors — Chaitin or Hacken
3️⃣ Then comes the Bug Bounty
While we are constantly working to keep Defence lines 1️⃣ & 2️⃣ active and effective, all Bug Bounty Hunters can come on board and help us with the line 3️⃣ of defense: our ongoing Bug Bounties!
While you do that, your efforts can be rewarded with up to $10,000 for every critical vulnerability detected!
Join the program, now here https://hackenproof.com/nimbus/nimbus
Read Nimbus Statement regarding El Pais's recent false claims here
https://nimbusplatform.medium.com/501b06f42dd0
Your Nimbus Team continues to work harder than ever to deliver results, and we’re back with another sprint report.
Let’s dive in!✅
Wrap Machine:Earlier with the Wrap Machine, you could view specific details about the transaction only before you executed the wrap (ERC-20 to BEP-20 token transfer and vice versa). We're talking about the number of NBU or GNBU tokens inserted into the Wrap Machine, the gas fees, the number of tokens received after the transfer, etc.
Now, we have ensured that these details are displayed after the wrap has been made. Also, the transaction history with all the relevant details is saved and can be viewed every time you connect your wallet to the Nimbus Platform.
✅
Revamped “Roadmap” section of the website:Currently, the roadmap on the website shows dApps and products that have already been released, as well as the products that are in development — in a separate section.
We are working on a new section called "Now in development," where you will be able to track the work of the Nimbus tech team on products that are being developed on a weekly basis.
Want to know what exciting products your Nimbus Team is working on?
Visit the Roadmap now here
https://nimbusplatform.io/roadmap.html?utm_source=bitcointalk&utm_medium=official_comms&utm_campaign=general-Sprint_results_8_10&responsible=mkt&lang=en✅
Analytics Page:We’re also working on improving the data on the analytics page to show real-time numbers and values. Currently, it does hold some flaws since the data is collected via a third-party server. We have done the necessary research and found a more optimal solution — to create our own novel code and implement it to show relevant analytics and data.
✅ 405 minor infrastructure improvements were implemented
We'll be back with another sprint run soon — hope you all have a great weekend!
Are you having trouble navigating your way around the Nimbus Platform? If yes, we’ve got you covered!
Down below, you can find all the guides on different Nimbus functionalities and dApps
1️⃣ Nimbus Staking Guide Here (
https://link.nimbusplatform.io/8bb799) and Video Version Here (
https://link.nimbusplatform.io/74s )
2️⃣ How to switch between the Ethereum and Binance Smart Chain networks Here (
https://link.nimbusplatform.io/11ed07)
3️⃣ Updated Nimbus Swap Guide Here (
https://link.nimbusplatform.io/732)
4️⃣ Lending dApp Guide Here (
https://link.nimbusplatform.io/s5x)
5️⃣ Wrap Machine Guide Here (
https://link.nimbusplatform.io/9fp)
6️⃣ Peer-to-Peer Exchange dApp Guide Here (
https://link.nimbusplatform.io/pg3)
If you still experience any difficulties interacting with our functionalities, you can always get in touch with our chat admin @Viktor_Nimbus_Support or with Nimbus support, here
https://nimbushelp.zendesk.com/hc/en-us [moderator's note: consecutive posts merged]