NymVPN Introduces a Perpetual Token Buyback Mechanism As the Network Goes Live for Public Testing
NymVPN launched a perpetual token buyback mechanism that features a new working model for DePIN (Decentralized Physical Infrastructure Network) tokens.
This effort enables anonymous access for users while simultaneously compensating those who provide the network’s services.
Another Step Before the Final Launch
According to a document shared with CryptoPotato, NymVPN is scheduled for a commercial launch on March 13. The project’s zero-knowledge payment system and the perpetual token buyback program are set to go live for public testing on February 26.
The team behind the project has invited the community and general public to battle-test this novel payment mechanism and help kickstart the economic cycle of Nym DePIN. Decentralized Physical Infrastructure Network, for its part, is considered vital since it provides the layer-0 anonymity network, which is particularly needed across Web3. Commenting on the initiative was Harry Halpin – CEO of Nym:
“We launched the NYM token in 2022 to reward mixnet node operators helping us build the world’s most decentralized and anonymous network. The launch of NYM activated the supply side of privacy and created a network of over a thousand nodes.
Today, we are activating the demand side, allowing ordinary users to pay in fiat and Bitcoin for NymVPN. Their payment is then converted to NYM token buy-orders to keep the network running.”
How Does the System Work?
The market for VPNs was forecasted to reach roughly $500 billion by 2034. However, the vast majority of those networks have the necessary privacy protections. Nym’s DePIN model, however, offers a solution.
According to the document, the buypack program supports two of NymVPN’s core features: zero-knowledge anonymous credentials (zk-nyms) and a token incentivized mix network of node operators.
Via the mechanism, all fiat and crypto subscriptions to NymVPN will be converted to NYM tokens by default. This will establish a self-sustaining cycle that naturally reflects market demand for NymVPN’s services. Keep in mind that this approach is distinct and far more comprehensive than a typical token buyback, where a fixed amount of coins is repurchased from the market often to bolster company treasuries.
Subscribers to the mechanism need to possess NYM tokens themselves or pay in crypto. Subscriptions can be purchased using fiat currency like euros and dollars, as well as in Bitcoin or directly in NYM coins.
“Just like everyone should enjoy clean water and electricity, people deserve secure and private communication. This is not speculative, but a growing real-world need. And with the launch of the perpetual buyback mechanism, the token can shift out of a speculative promise to instead signal such real-world demand,” Jaya Brekke, Nym’s Chief Strategy Offer, stated.
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Senator Proposes Bill to Curb Crypto ATM Fraud and Protect Users
According to Senator Dick Durbin, crypto ATMs are increasingly being used in fraudulent schemes, often targeting vulnerable individuals. Durbin introduced the “Crypto ATM Fraud Prevention Act” to address this issue on February 25, 2025. The proposed legislation aims to regulate these machines by enforcing spending limits and refund policies to protect consumers.
Key Developments
New rules limiting purchases to $2,000 within 24 hours will restrict user-led financial losses. People wishing to withdraw $10,000 must wait more than two weeks before making their transactions. A direct communication system becomes mandatory for all users who perform transactions exceeding $500. These users also maintain the right to a full refund when they report their complaint within thirty days.
According to FTC data, Durbin showed that losses due to fraudulent crypto ATMs reached $114 million in 2023. His main argument was that these scams specifically target older people because they produce severe monetary losses. According to this legislation, customers obtaining cryptocurrency transactions through crypto ATMs will automatically receive a reimbursement for their transaction fees.
The proposed legislation aims to introduce national guidelines for regulating the unregulated sector of crypto ATMs to stop fraud activities. Durbin pointed out that the United States currently has more than 30,000 cryptocurrency ATMs, although several lack proper monitoring. Under the bill’s framework, precautionary measures for preventing scams and measures for accountability will be established.
Crypto ATM Fraud Prevention Act and Its Provisions
New legislation will create limitations for crypto ATM operations, aiming to prevent fraudulent activity. New account holders can only execute $2000 worth of transactions in their first 24 hours of use to prevent fast action-based money transfers. The procedure targets dubious payment coercion schemes, during which victims are pushed to transfer large amounts of money right away.
The system requires users who want to withdraw over $10,000 to wait two weeks before execution to provide additional consideration time. This measure allows victims to obtain additional waiting time to spot fraudulent activity. All transaction amounts above $500 need direct communication with the sender, through which the system verifies both their authenticity and their real purpose.
Customers will benefit from mandatory fee refunds when purchasing cryptocurrencies through these machines. A complete reimbursement becomes available to victims who file reports about their fraudulent transactions with law enforcement during their first thirty days. These safeguards collectively work to reduce financial risks associated with crypto ATMs.
The Growing Threat of Crypto ATM Fraud
Cryptocurrency ATM scam cases have increased because attackers employ coercive methods to trick their targets. Criminals impose manipulations that induce users to execute fund transfers, as reported by the FTC. Many victims, including elderly persons, fall prey to scammers who effectively deceive them into sending money under the pretense of helping law enforcement or family members.
The increasing accessibility of crypto ATMs has made it easier for scammers to execute fraudulent transactions. Due to their hidden operational characteristics, the machines enable fraudsters to transfer criminal money without regulation. Disguised by digital anonymity, cybercriminals find ways to trick people while taking large, fast payments.
According to regulators, the prevention of crypto ATM fraud needs to be a top priority for protecting consumer funds. The proposed legislation places needed boundaries on digital payments yet intends to preserve their operational accessibility. The proposal intends to reduce illegal actions by restricting excessive cash withdrawals and verifying protocols.
Technological Solutions for Detecting Fraud
Current regulatory bodies and industry specialists use modern technological solutions to recognize fraudulent activities across real-time operations. Advanced evaluation systems based on blockchain technology enable authorities to detect abnormal transaction patterns, which helps them detect fraudulent activities. Such tools deliver vital information, which helps police agencies conduct investigations of fraud instances.
Machine learning algorithms analyze transaction history and identify high-risk transfers. Financial institutions and crypto ATM providers should implement these technologies to reinforce their fraud prevention methods. Real-time monitoring systems can detect scams as they happen to prevent permanent fund loss.
Enhanced identity verification measures will further strengthen security at crypto ATMs. Biometric security measures with multiple verification checkpoints will increase the challenge of unauthorized financial activities. The enhancements support the bill’s objective to safeguard customers from financial mistreatment.
The Role of Public Awareness in Preventing Scams
The effectiveness of crypto ATM scams decreases when the public receives proper education. Most digital asset transaction victims fall prey to scams because they lack an adequate understanding of digital asset transactions. Campaigns that raise public awareness enable people to spot typical scam methods, thereby protecting them from falling prey.
Regulatory authorities and advocacy groups stress the importance of offering specific educational programs for defenseless demographic groups. Workshops alongside informational platforms can deliver practical information about scams, including identification and reporting. Educating consumers about financial choices will make them capable of making good economic decisions.
Preventing crypto-related fraud demands the training that law enforcement needs to address this distinctive threat. Law enforcement officers who work with digital currency transactions are in short supply because most lack the necessary training about this volatile financial system. Enhancing police training nationwide will lead to better fraud prevention strategies and response capabilities.
Conclusion
The Crypto ATM Fraud Prevention Act proposes essential safeguards to regulate crypto ATM operations and reduce fraudulent transactions. By enforcing spending limits, refund policies, and verification protocols, the bill aims to enhance consumer protection. While regulatory measures are necessary, public awareness and technological advancements will also significantly prevent scams.
FAQs
What is the purpose of the Crypto ATM Fraud Prevention Act?
The bill aims to regulate crypto ATMs by implementing spending limits, refund policies, and verification requirements to prevent fraud.
How does the bill protect consumers from scams?
It enforces spending caps, mandates direct communication for large transactions, and provides refund options for victims reporting fraud.
Why are seniors often targeted in crypto ATM scams?
Scammers exploit seniors’ unfamiliarity with cryptocurrency and use intimidation tactics to pressure them into making fraudulent transactions.
What role does technology play in preventing fraud at crypto ATMs?
Blockchain analytics, machine learning, and identity verification help detect suspicious transactions and enhance security measures.
How can consumers protect themselves from crypto ATM fraud?
Individuals should verify transaction requests, avoid urgent payment demands, and immediately report suspected scams to law enforcement.
Glossary
Crypto ATM– A crypto ATM, also known as a Bitcoin ATM (BTM), is a machine that allows users to buy and sell cryptocurrencies using cash or debit cards.
Fraudulent Transactions – Unauthorized or deceptive financial activities that result in financial losses for victims.
Blockchain Analytics – A tool that tracks and monitors cryptocurrency transactions for suspicious activity.
Identity Verification – Confirming a user’s identity to prevent fraud and unauthorized transactions.
Consumer Protection – Regulations designed to safeguard individuals from deceptive or unfair financial practices.
Reference:
X
NBC News
Decrypt
Federal Trade Commission (FTC)
New Home Sales Plummet : What’s Behind The Construction Collapse ?
The new real estate market has entered an unprecedented slowdown spiral. While access to property remains a priority for many households, the production of new housing is at its lowest level in over 50 years. In 2024, only 59,000 new homes were put up for sale, a decrease of 50 % compared to 2022. Thus, this crisis, much deeper than a simple cyclical slowdown, is the result of a chain of structural and economic factors. Rising construction costs, increasingly difficult financing, withdrawal of institutional investors: all elements that hinder a rapid recovery.
The year 2024 marks a turning point for new real estate . According to data from the Ministry of Territorial Planning, the annual volume of homes put up for sale has dropped to 59,014 units, compared to an average of 125,500 per year between 2017 and 2022. A collapse whose origin lies in several factors, foremost among them the surge in construction costs and rising interest rates. These factors have made home ownership more difficult for households, drastically curbing demand.
The real estate promotion market has also been hit hard. Due to a lack of sales, industry players have reduced their land acquisitions and halted many projects. Pascal Boulanger, president of the Federation of Real Estate Promoters, summarizes the situation: “the crisis has fed the crisis: due to a lack of sales, we haven’t produced new homes, we’ve stopped buying land and reduced our workforce”. The direct consequence is a drastic reduction in the stock of new projects, with repercussions across the entire sector, from employment to construction timelines.
While some hope for a gradual rebound this year, industry experts are more cautious. The Federation of Real Estate Promoters specifies that “it will take between two and three years to get the machine running again”. This late recovery can be explained by several factors, notably the need to rehire qualified staff and rebuild land inventories. With 5,000 professionals having left the sector, restarting production will not happen without tensions on labor costs and workforce availability.
Another major hindrance: the concentration of demand in certain areas. Paris, the French Riviera, and border regions with Switzerland today account for 50.7 % of bookings and 47.2 % of properties for sale. This dynamic further exacerbates the imbalance between supply and demand, leaving many other regions in a state of waiting. In this context, the budget measures of 2025, intended to stimulate real estate purchases, will likely not be enough to immediately stop the crisis.
The French real estate market is thus entering a long and uncertain transition phase. If housing production gradually resumes, the available supply will remain significantly below demand for several more years. Without a genuine structural recovery plan, new real estate risks remaining under strain, with lasting consequences on prices, access to property, and the dynamics of major metropolitan areas.
Mavryk Dynamics Secures $5M to Build a Layer-1 RWA Tokenization Ecosystem
Mavryk Dynamics , the team behind Mavryk Network has raised over $5 million for its RWA network economy.The funding is expected to accelerate the development of its Layer-1 blockchain designed to democratize real-world asset (RWA) ownership This is major for the platform as it will redefine how individuals interact with Real Word Assets(RWAs) and Decentralized Finance (DeFi).
The Mavryk Network recently launched its testnet ahead of its anticipated Token Generation Event (TGE), offering a user-friendly blockchain environment tailored for RWA tokenization and seamless DeFi integration. With over $360 million in RWAs already secured for tokenization, the network is expected to deliver tangible value to users seeking innovative investment opportunities.
In a statement, Alex Davis, the founder of Mavryk, expressing enthusiasm, said:
“We’re creating a future where traditional, analog assets seamlessly integrate into a digital network economy, unlocking investment opportunities that were once exclusive to a privileged few and making them accessible to investors around the globe,”
Mavryk Dynamics envisions a digital commonwealth where asset tokenization is more accessible than ever. The recent funding round saw contributions from leading venture capital firms, including Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures, and Atlas Fund. Additional backing came from notable investors such as Draper Gorne Holme, Blockchain Alpha, Wentworth Hall Family Office, AngelDAO, and Everest Ventures, underscoring the industry’s confidence in Mavryk’s vision and infrastructure.
Sharing the same sentiment as Alex Davis, Aylon Morley from Wentworth Hall Family Office emphasized the transformative potential of RWA markets, saying:
“We chose to invest in Mavryk because we firmly believe in the tangible and impactful use case of RWA markets. Mavryk’s robust infrastructure and experienced team bring maturity and innovation to the table.”
Mavryk’s non-custodial features include an on-chain protocol treasury, liquidity mining, bug bounties, and grants. The network’s architecture is built on strategic tokenomics, ensuring prosperity for stakeholders while maintaining user security. The founding team, seasoned blockchain developers, has also introduced a new RWA token standard alongside decentralized exchanges (DEXs) for non-custodial trading, lending, and borrowing applications.
Mavryk’s testnet mirrors the mainnet’s functionality, allowing users to experiment in a risk-free environment. Participants can explore decentralized applications (dApps), purchase fractional test shares of real-world investments, submit feedback, and earn testnet rewards. This initiative ensures a seamless transition into the mainnet, promoting adoption and engagement within the ecosystem.
By leveraging tokenization, DeFi applications, and advanced infrastructure, Mavryk aims to transform the way individuals interact with and utilize tokenized assets.
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