Topics
-
- 0 replies
- 234 views
With a 13.3% drop so far in 2022, the S&P is having its worst start to a year since 1939.
Last reply by Mic Drop, -
-
- 1 reply
- 385 views
On Saturday, Solana faced its seventh outage thus far in 2022. The outage lasted for seven hours overnight between Saturday and Sunday and is being attributed to a swarm of bots that overwhelmed the Candy Machine, a tool for minting non-fungible tokens Metaplex, the NFT platform powering Candy Machine, identified the bots inside the dApp as the primary cause of Solana's downtime and revealed a plan to address the issue and prevent it from happening again. Metaplex elaborated on their plan stating, “To combat this, we have merged and will soon deploy a botting penalty to the program as part of a broader effort to stabilise the network. Candy Machine is used …
Last reply by Mic Drop, -
- 3 replies
- 583 views
Last reply by Mic Drop, -
- 0 replies
- 211 views
Last reply by Mic Drop, -
Last reply by Mic Drop,
-
Translation: https://www-tagesschau-de.translate.goog/wirtschaft/finanzen/kryptowaehrungen-privatanleger-commerzbank-101.html?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp Deutscher Sparkassen- und Giroverband "Kryptowährungen sind keine Geldanlagen, die ihre Kunden anbieten wollen. Die Volksbank Raiffeisenbank Bayern Mitte eG bietet ihren 174.000 Kunden Bitcoins zum Kauf an. "Wir wollen Kunden nicht dem Risiko aussetzen."
Last reply by Mic Drop, -
- 0 replies
- 160 views
For the second time in April, the Bitcoin network reached a new all-time high (ATH) in network difficulty, increasing from the previous ATH of 28.587 trillion to 29.794 trillion. This is positive as a greater network difficulty demands greater computational power to successfully mine a Bitcoin (BTC) block, leading to increased security and decreased vulnerability to network takeovers by malicious actors. https://cointelegraph.com/news/bitcoin-network-difficulty-breaks-into-a-new-all-time-high-of-29-794t
Last reply by Mic Drop, -
- 0 replies
- 155 views
In an effort to boost throughput and Dapps performance on the Cardano network, IOHK developers have locked in a proposal to raise the network’s block size by 8kb, from 80kb to 88kb. The upgrade kicked into effect on 25th April at UTC 20:20:00. IOHK confirmed that the upgrade was part of a series of planned network optimisations to scale Cardano that will be executed throughout this year. Cardano infamous for its long development time now hosts hundreds of different Dapps, including decentralised exchanges (DEXs), wallets, metaverses, social platforms, games, NFT services, payment systems, and more. Founder Charles Hoskinson in a tweet last month stated, …
Last reply by Mic Drop, -
- 0 replies
- 235 views
Via Guy from Coin Bureau: https://twitter.com/optimismPBC/status/1519001562345005057 This is essentially their attempt at a DAO structure but with several twists. These include taking the revenue created from Optimism's transaction fees and transforming it into grants for "public goods." Moreover, they are addressing some of DeFi centralisation concerns by introducing "quadratic voting". This basically increases the cost of voting the more tokens you hold and reduces the voting power of those who hold large stakes in the network. This is particularly relevant today given some concerns that there are about VC control of Web3 protocols. It’s a voting m…
Last reply by Mic Drop, -
- 0 replies
- 202 views
DeFi project Teller has officially made the "first unsecured DeFi mortgage;" possible via USDC.homes, a company that partners with mortgage lenders and brokers to facilitate crypto home loans. The new owner purchased an apartment valued at $680,000 in Austin, Texas, using a $500,000 USDC stablecoin mortgage issued by Teller via the Polygon network. The platform allows cryptocurrency holders to obtain regular uncollateralised mortgages based on their credit scores. According to Ryan Berkun, Founder and CEO of Teller, it blends the best of both worlds, "This innovative mortgage loan market, built on the Teller protocol, integrates a mainstream user experienc…
Last reply by Mic Drop,
-
Fort Worth, Texas is getting into the bitcoin mining business, and will officially be the first city in the U.S. to do so. On Tuesday, council members voted unanimously to accept a donation of three Bitmain Antminer S9 bitcoin mining equipment valued at $2,100 from the Texas Blockchain Council. The mining equipment will be kept in a climate-controlled area of Fort Worth City Hall and will be connected to a private network to reduce security risks. The city’s mining program will be experimental and will be reviewed and evaluated in 6 months. According to Mayor Mattie Parker, “These small but powerful machines mark Fort Worth’s larger commitment to becoming …
Last reply by Mic Drop, -
- 0 replies
- 350 views
The much-awaited debut of crypto ETFs in the Australian market seems to have been pushed off for later this week. According to the Australian Financial Review, the delay is being blamed on a "prime" or "executing" broker who has failed to approve the products due to a delay in appointing a market maker for the product's launch. According to a spokesperson from 21shares, “The delay is no fault whatsoever of 21Shares, the funds or the exchange. As crypto ETFs are completely new to Australia and the infrastructure is being built from the ground up, a service provider downstream needs more time to support the launch. The issue affects all fund managers equally and …
Last reply by Mic Drop, -
- 0 replies
- 173 views
According to a new report from Bitstamp, the vast majority of large investment firms are bullish on the future of crypto markets. According to Bitstamp’s survey, eight out of ten institutional investors predict that cryptocurrencies and blockchain will dominate traditional financial products within the next decade, however, only 54% of retail investors concur. The survey also notes that 88% of institutional investors and 75% of retail investors expect crypto will become mainstream in the same time frame. Interestingly, it appears that institutions are more trusting of cryptocurrency and related technology than retail investors. https://www.coinbureau.com/ne…
Last reply by Mic Drop, -
- 0 replies
- 276 views
The Bill for a two-year moratorium on crypto mining has been passed by the New York State Assembly. According to the bill, new crypto mining facilities that wish to be set up and depend on carbon-based or fossil fuels for mining activities will be denied permits to operate. Existing mining facilities and those that run on renewable energy will remain unaffected by the bill. However, existing sites that want to raise their energy consumption will not be allowed to renew their permits. The bill aims to effectively freeze existing levels of crypto mining carbon emissions until the state can act on the findings of a comprehensive impact study. https://www.coindesk.c…
Last reply by Mic Drop, -
- 0 replies
- 122 views
Digital asset custody platform Fireblocks has added support for the Terra blockchain as institutional demand for decentralised finance (DeFi) rises. This means institutional clients of Fireblocks will now have access to all the Dapps on the Terra ecosystem, such as Anchor Protocol and Lido. According to Michael Shaulov, CEO of Fireblocks “As their[institutions] appetite expands, so will their desire to be able to access all of the latest and greatest innovations across different blockchain ecosystems." https://cointelegraph.com/news/fireblocks-expands-institutional-access-to-terra-s-defi-ecosystem
Last reply by Mic Drop, -
- 0 replies
- 198 views
According to a Twitter announcement from Otherside, KYC verification is a must for those who wish to bid in the auction of the metaverse’s land NFTs. However, BAYC and MAYC holders can claim land NFTs for a period of 21 days after the auction without KYC verification. The KYC requirements are only for those wishing to mint the Land NFT at the auction. The auction which is scheduled for 12 pm ET on Saturday will follow the Dutch-style auction format, a bidding war where the asking price starts high and then falls toward a minimum reserve price. Auction participants are required to exclusively bid in APE coins for the auction. https://www.theblockcrypto.com/linked…
Last reply by Mic Drop, -
- 0 replies
- 190 views
Dragonfly Capital, a well-known crypto venture capital firm founded in 2018 by Bo Feng and Alexander Pack, has announced its third fundraising round valued at $650 million. Tiger Global, KKR, Sequoia China, and Invesco were among the investors in the $650 million round According to Qureshi, Managing Partner at Dragonfly, the new fund will focus on the new wave of crypto entrepreneurs who are forming in web3 and other more fledgling areas of the market. Qureshi believes that most web3 entrepreneurs need investors and their guidance to participate in token economics, go-to-market, product strategy, and hiring. According to Qureshi, “That's why Dragonfly is…
Last reply by Mic Drop, -
- 0 replies
- 245 views
Michael Hsu, acting chief of the Office of the Comptroller of the Currency (OCC), states that companies which issue stablecoins should come up with a common technical standard, comparable to what was done in the early days of the internet. He believes that stablecoins currently lack inter-operability and need shared standards. Hsu at a symposium in Washington, D.C stated, “To ensure that stablecoins are open and inclusive, I believe a standard-setting initiative similar to that undertaken by [the Internet Engineering Task Force] and [World Wide Web Consortium] needs to be established, with representatives, not just from crypto/Web 3 firms but also including acad…
Last reply by Mic Drop, -
- 0 replies
- 156 views
In a leaked video from Zcash Media, Edward Snowden, the famed NSA whistle-blower on government surveillance, revealed his core involvement in the launch of the privacy coin Zcash. Snowden, under the pseudonymous John Dobbertin, joined Zcash creator Zooko Wilcox, Bitcoin core developer Peter Todd, Coin Center's Peter Van Valkenburgh and two others in launching the Zcash blockchain in 2016. The six participants were each given a fragment of the private key needed to produce the coin in a procedure known as "trusted setup." After the launch of the blockchain, each of them destroyed their fragment of the private key in order to secure Zcash from being counterfeited…
Last reply by Mic Drop, -
- 0 replies
- 225 views
On Wednesday, Meta Platforms Inc., formerly known as Facebook, announced its first-quarter 2022 results, declaring a $2.9 billion loss in its Reality Labs division (formerly Facebook’s Oculus division). That's a 61% increase over its $1.8 billion loss in the first quarter of 2021. The Reality Labs division has been spending increasing sums of capital on developing virtual reality and metaverse-related products. Nonetheless, Reality Labs exceeded projections in the first quarter of this year, bringing in $695 million in revenue from sales of VR headsets and Meta Portal hardware. Meta CEO Mark Zuckerberg remains confident about the company’s direction stating that…
Last reply by Mic Drop,
-
- 0 replies
- 313 views
The Commodity Futures Trading Commission has announced a roundtable discussion on May 25 to deliberate on a ‘non-intermediated’ model of crypto derivatives trading. This announcement was sparked by FTX US’s recent proposal to modify its Derivatives Clearing Organisation (DCO) license. Under the proposed ‘non-intermediated’ model, the current Futures Commission Merchant (FCM) intermediary would be eliminated, which would streamline trading by reducing the number of times assets change hands, each layer of which entails separate requirements for liquidity holding. According to the CFTC, “A number of registered entities have discussed with CFTC staff proposals…
Last reply by Mic Drop, -
- 1 reply
- 335 views
Last reply by Mic Drop, -
- 0 replies
- 178 views
Gate Ventures, the venture arm of crypto exchange gate.io is all set to raise $200 million for its crypto fund by the end of Q3 2022. According to Kevin Yang, the managing partner of Gate Ventures, the fund will be focused on identifying and investing in alternative layer 1 and layer 2 protocols. Specifically, the firm is looking to invest in protocols that focus on cross-chain interoperability. The firm also has its eyes set on the blockchain gaming sector. According to Kevin Yang, “We have this vision that it will be a multi-chain and multi-layer future, with an open internet which also respects privacy,” https://www.coindesk.com/business/2022/04/29…
Last reply by Mic Drop, -
- 0 replies
- 298 views
Flipkart, which is backed by Walmart, has announced the launch of its in-house innovation unit called Flipkart Labs. According to a statement by the company, Flipkart Labs will be focused on testing nonfungible tokens (NFTs), virtual immersive storefronts and play-to-earn features. According to Naren Ravula, VP and Head of product strategy and deployment at Flipkart Labs, “We are in the early days of a paradigm shift from Web2.0 to Web3.0 and this evolution of the web/internet built on the concepts of decentralisation, openness, and greater user utility will have a profound impact across many areas including e-commerce," https://www.bloomberg.com/news/artic…
Last reply by Mic Drop, -
- 0 replies
- 156 views
The Financial Services and Markets Authority (FSMA), Belgium's financial regulatory agency, has issued a new rule that requires crypto exchanges and custodial wallet services in the region to register by May 1st. Existing Service providers have until June to notify the regulator about the “exercise of their activity”, under the law which was finalised in February. Furthermore, these service providers will be required to formally register as Virtual Asset Service Providers before Sept 1st. https://cointelegraph.com/news/belgian-financial-regulator-fsma-to-regulate-crypto-exchange-services
Last reply by Mic Drop, -
- 0 replies
- 201 views
According to a recent post by Yuga Labs, the team has decided against going with a Dutch auction mechanism for their upcoming Metaverse land sales. Instead, the auction which is scheduled for 9 pm ET this Saturday will now follow a flat-price sale model. Each of the land NFTs called ‘Otherdeed’ will now retail for 305 Apecoin (APE). That’s roughly around $6,900 per Otherdeed. A total of 55,000 Otherdeeds will be available for minting from wallets that have passed the KYC verification process. According to the blog post, “NFT ‘Dutch auctions’ are actually bull****. They do not successfully mediate demand, nor do they really negate gas wars in highly-antici…
Last reply by Mic Drop, -
- 0 replies
- 136 views
According to recent reports, Binance has recently shut down accounts of many individuals with personal ties to senior Kremlin Officials. Individuals who have been blocked by Binance include ‘Polina Kovaleva’ who is the Russian Foreign Minister Sergei Lavrov’s stepdaughter and ‘Elizaveta Peskova’, who is the daughter of the President Vladimir Putin’s spokesman, Dmitry Peskov. The son of Konstantin Malofeev, a Russian oligarch who was indicted by the US Department of Justice for breaking US sanctions, has also been blocked by Binance, as the exchange continues to look for users with ties to sanctioned persons. https://cointelegraph.com/news/binance-blocks-cr…
Last reply by Mic Drop, -
- 0 replies
- 212 views
Panama approved a bill regulating the use of cryptocurrencies in the country. The bill sponsored by Panamanian Congressman Gabriel Silva passed on Thursday and seeks to regulate the trading and use of crypto-assets, the issuance of digital value, tokenisation of precious metals and other assets, and payment systems among many others. While Panama hasn’t formally recognised Bitcoin as legal tender, the new legislation allows for the free use of crypto as means of payment for any transaction. This means that businesses and individuals retain the right to accept or refuse payments in crypto. The law also formally recognises Decentralised Autonomous Organisations (D…
Last reply by Mic Drop, -
- 0 replies
- 117 views
According to a recent tweet by blockchain security firm PeckShield, Deus Finance has suffered a flash loan exploit on the Fantom Network which netted the attacker roughly $13.4 million in crypto assets. The attacker took advantage of a flash loan to fool Deus' smart contracts into reading data from the platform's liquidity pools. This allowed the attacker to raise the value of some assets artificially, borrow funds, and profit after repaying the loan. This is the second exploit faced by Deus Finance in the past two months. Flash loans, first introduced by DeFi lending platform Aave, were intended for arbitrage trading and capital efficiency. However, hackers hav…
Last reply by Mic Drop, -
- 0 replies
- 251 views
It seems like Wall Street gets deeper into crypto with each passing day. In what can only be deemed bullish for the ecosystem, Goldman has offered its first loan facility backed by bitcoin. This means that crypto investors can now borrow fiat money from Goldman using their bitcoin holdings as collateral. This is the first time in Goldman Sachs' history, that such a product has been offered. According to a spokesperson from Goldman, the most interesting part of the facility was its structure and round the clock 24-7-365-day risk management system. https://www.bloomberg.com/news/articles/2022-04-28/goldman-offers-its-first-bitcoin-backed-loan-in-crypto-push
Last reply by Mic Drop,