defi_ethereum

May 31, 2023, 6:12

📣 SPACE ID Launches New Function To Help Users Sell Domain Names At Custom Prices

SPACE ID, a decentralized domain name service protocol, announced a new feature, allowing sellers to sell domain names at their desired custom price instead of only according to the price offered by buyers in the past. SPACE ID is a blockchain-based decentralized global name service network (Ethereum, BSC, and Arbitrum). It also functions as a Web3 domain and identity management platform, allowing users to register, trade, and administer crypto-based domain names.

Web3 domains are human-readable names that may be used to access dApps, smart contracts, NFTs, and other blockchain-based services, such as pintu.eth and pintuacademy.eth on the Ethereum network. The Web3 domain name is a tradable non-tradeable. Users may generate, sell, and maintain SPACE IDs all in one spot. Users must utilize a separate marketplace to acquire and sell domain names than the Ethereum Name Service (ENS). SPACE ID includes Web3 names for Software Development Kit (SDK) and Application Programming Interface (API) for cross-blockchain developers in addition to people. Its goal is to make it easier to integrate web3 domains into diverse applications.

Source

https://t.me/DeFi_Ethereum

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defi_ethereum

May 30, 2023, 12:25

🔻 3.6% Optimism (OP) Tokens Worth $258 Million Will Be Unlocked This Week

According to data from Unlock Tokens, on May 31 of this week, 3.6% of Optimism tokens worth $258 million will be unlocked. This month there is one last major unlock on May 31 from the layer-2 Optimism project, with 154 million OP tokens – worth $248 million at current exchange rates. This amount of tokens is equivalent to 3.6% of the total OP supply. The amount of unlocked tokens will be allocated to the primary investor group and the development team.

Until June 6, Optimism will conduct an extremely important upgrade that is the foundation to improve many technical aspects and optimize transaction fees for this layer-2. Bedrock will also pave the way for another layer-2 solution that uses Optimism’s technology, Base, for mainnet deployment. One of the main advantages of the Bedrock upgrade is the expected reduction in transaction fees. OP Labs, the developer of the protocol for Optimism, estimates that transaction fees will drop by an impressive 47%. After a sideways period, the OP price recorded a 3% increase along with the positive news from Bitcoin today after the threat of US debt default waning. OP is currently trading at $1.66.

Source

https://t.me/DeFi_Ethereum

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defi_ethereum

May 29, 2023, 11:34

📣 Worldcoin and the Intellectual Decline of Venture Capital

Yesterday, the company behind the Sam Altman-fronted Worldcoin project announced it had raised $115 million dollars in venture capital. The raise looks like an atavistic last gasp for the kind of prestige-driven, slot-machine structured Silicon Valley fundraising fostered by a decade of cheap money. Because whether on ethical or financial grounds, there seems little rational explanation for supporting the project.

To review, Worldcoin’s pitch is essentially twofold. At its core is The Orb, a device that scans the retinas of users, so they can later confirm their identity online. The Worldcoin token, in turn, is intended to be distributed as a form of “universal basic income” (UBI) and is currently being offered as an incentive for early eyeball-scan volunteers. That makes it easy to deduce that the UBI element of the project is simply window dressing for its real goal: solving the problem of digital identity. But in fact, Worldcoin’s approach to that problem is equally terrible, presenting a dazzling array of privacy risks and moral entanglements. The company’s messaging goes to great lengths to depict both a charitable project and an opportunity for immense profits.

Source

https://t.me/DeFi_Ethereum

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defi_ethereum

May 28, 2023, 14:52

💰 Crypto Critics Peter Schiff To Launch Bitcoin Ordinals NFT Collection

Peter Schiff, an economist, gold supporter, and crypto skeptic, has announced a collaborative nonfungible token (NFT) art collection on Bitcoin that will soon be auctioned off. The crypto community’s response has been divided, with individuals usually perplexed, amused, and welcome, particularly Ordinals supporters or those willing to point out the obvious hypocrisy. For years, Schiff has openly criticized cryptocurrency, particularly Bitcoin, at every opportunity.

Despite this, Schiff launched the “Golden Victory” collection on May 27 through a Twitter thread co-created with one of his favorite artists, Market Price. The Golden Victory features the original painting (oil on linen – 48 x 60 inches) signed by both artists and copies numbered 1 through 50, according to the link given by Peter Schiff. Each print has a one-of-a-kind Signature etched on the Bitcoin blockchain. The auction will begin on June 2 and conclude on June 9. The first auction is for originals, while the second is for both originals and copies. On June 9, Peter and the artist attended the New York auction (295 Madison Ave, NY). In addition to criticizing Bitcoin, Peter Schiff pointed out two years ago that NFTs.

Source

https://t.me/DeFi_Ethereum

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defi_ethereum

May 27, 2023, 10:26

📣 Bithumb CEO Accused Of Taking $3.7B Bribe To List FANC And Manipulating Price

The CEO of Bithumb is suspected of taking a $3.7 million bribe to list the FANC token. CELEbe Korea, the issuer of the FANC coin, was searched. According to an exclusive report by Digital Asset, the prosecution recently arrested and searched CELEbe Korea, the issuer of the FANC coin, in connection with allegations that the CEO of Bithumb Holdings received a bribe of 5 billion won (about $3.7 million).

The prosecutor’s office confiscated and searched CELEbe Korea, the issuer of the FANC (Fancy) Coin, on the grounds that there was evidence. The media added, among South Korean crypto exchanges, only Bithumb listed the FANC token (online as of March 2023), and about 87% of the transactions are taking place on the platform. This cryptocurrency exchange. Besides, FANC’s price trend is suspected of market manipulation centered on May 25-26. According to the data, the trading volume more than doubled, and the price increased by about 6.6%. This range is not large in the crypto market but it is questionable due to the small volume of FANC trading.

Source

https://t.me/DeFi_Ethereum

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defi_ethereum

May 26, 2023, 8:57

📣 Whales Transfer 9.7 Million FTMs To Binance Exchange Amidst Multichain Concerns

In recent news, a significant transfer of 9.7 million FTMs (Fantom tokens) to Binance Exchange has raised eyebrows in the cryptocurrency community. This transaction comes at a time when concerns over the Multichain incident have sparked panic regarding the status of Fantom. The whale address involved made the deposit at an average price of $0.33 per FTM, with an average purchase cost of $0.4.

On May 25th, Web3 knowledge graph protocol 0xScope took to Twitter to highlight the Multichain incident, which caused significant alarm regarding the state of FTM and the Fantom ecosystem. Adding to the growing concerns, a whale address recently transferred a substantial amount of 9.7 million FTMs to the renowned cryptocurrency exchange, Binance. The tokens were deposited at an average price of $0.33 per FTM, which indicates a considerable investment by the whale. It’s worth noting that the whale’s average purchase cost for the tokens was $0.4, suggesting that they may have acquired the FTMs at a higher price.

Source

https://t.me/DeFi_Ethereum

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defi_ethereum

May 25, 2023, 6:16

🇨🇳 Nanjing Launches China Government Backed Metaverse Platform

Nanjing City launched the China Blockchain Technology and Application Innovation Platform to build the China Metaverse technology and application innovation platform. This newly established Chinese state-backed organization is led by Nanjing University of Information Science & Technology (NUIST). According to the announcement on the official NUIST social media account, the platform is comprised of founding members representing diverse academic institutions and blockchain-related companies across mainland China.

According to a media report on Tuesday, Wu Zhong-ze, former Vice Minister of Science and Technology, emphasized the need for Chinese state agencies to introduce a series of metaverse applications in fields such as education, commerce, healthcare, and entertainment. He also urged the setting of metaverse industry standards. Nanjing is one of many Chinese cities vying for a leading role in the nation’s multi-dimensional development. The city announced its metaverse strategy in February 2023, setting the ambitious goal of establishing this industry generating annual revenue in excess of 135 billion yuan ($19.13 billion) by the end of the 2025.

Source

https://t.me/DeFi_Ethereum

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defi_ethereum

May 24, 2023, 7:01

⬜️ Crypto Exchange OKX Targets France as Regional Hub With Plan to Hire 100 People

Cryptocurrency exchange OKX is targeting France as a regional hub in Europe with plans to hire around 100 people there in the next three years, looking to join 74 other companies that have so far won regulatory approval from the country's Financial Markets Authority (AMF). The Seychelles-based firm has filed an application to become registered as a Digital Asset Service Provider (DASP).

It's not the only crypto exchange seeking a base in the European Union's second-largest economy. France last year emerged as the destination of choice for Binance as a European Union (EU) hub following its DASP registration. The world's largest crypto exchange had hired around 150 people for its Paris office by September, according to founder Changpeng "CZ" Zhao. "We would aspire to hire 100 full-time employees within three years," Byun said in an interview. "I think in the first year, we forecast [hiring] about 30 colleagues." Byun said he expects the registration process to take up to six months.

Source

https://t.me/DeFi_Ethereum

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