News Crypto currency

2022-02-19 10:11:47 Syndicate helped create 450 new DAOs in just three weeks

Blockchain-based investment protocol Syndicate claims that 10% of all existing DAOs were created on its platform in less than three weeks of operation.

Syndicate is a DAO creation platform that has raised investments from A13Z and Coinbase Ventures, among others. The team talked about the development in a Feb. 15 tweet.

Will Papper, co-founder of Syndicate, explained that the project has created 450 investment clubs as DAOs, which is just over 10% of the "best estimate" of the existing 4227 DAOs.

The rapid influx of new organizations into Syndicate indicates that the DAO governance structure has gained popularity since their widespread introduction into the crypto mainstream just a couple of years ago. Currently, the two leading DAOs are BitDAO (BIT) and Uniswap (UNI). Open / Comment

2022-02-12 10:35:02 Meter cross-chain protocol hacked for $4.4 million

DeFi cross-chain protocol Meter lost access to cryptocurrency worth $4.4 million due to an attack performed through a vulnerability in the smart contract. The developers of the project announced this on their Twitter page.

According to the project's version, the attacker took advantage of the protocol flaw to create additional BNB and WETH tokens, and took out a reserve for cryptocurrencies. According to the project, the code architecture misinterpreted access rights, which allowed the unknown person to call the ERC20 deposit function to forge a BNB or ETH transfer.

Meter added that it is already working on a refund plan for liquidity providers affected by the attack. Trading pairs with other tokens were not affected by the attack, the developers claimed. Open / Comment

2022-02-07 17:40:57 DAO created to free Julian Assange has raised $7.5 million in Ethereum

A Decentralized Autonomous Organization (DAO) was created to help Julian Assange gain his freedom. Assange is a well-known journalist and activist who founded the Wikileaks website, and he was investigated by the U.S. government for publishing a series of 2010 Army Intelligence leaks. The United States would like Assange to be extradited to the United States.

Assange is currently in London's maximum security Belmarsh prison, and the whistleblower has been in prison since 2019. Assangedao wants to shed light on the corruption involved in the Assange case and help free the activist from prison.

So far, the Assange-focused DAO has raised 2,533.91 airwaves, or about $7.5 million. Open / Comment

2022-02-05 11:17:21 Jump Crypto made up for $320 million stolen from Wormhole Bridge

Jump Crypto, the cryptocurrency venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced Thursday that it invested 120,000 ETH in the Solana-Ethereum bridge, which suffered a devastating exploit. The venture capital firm has turned its own pockets to restore trust in the Wormhole ecosystem.

But there also remains the glaring problem of where the "hacked funds" are located and whether the attacker who took them will face the consequences of preventing similar decentralized finance scams in the future. Since these tokens were created fraudulently and still exist in the ecosystem, this raises concerns about the interchangeability of "hacked" ETH tokens as they are laundered into "pure" ETH. Open / Comment

2022-02-01 12:02:00 And here is a graph of BTC withdrawals from the wallets of cryptocurrency miners over the past year. It shows the scale of the current sending of coins and a serious summer withdrawal. Open / Comment

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2022-01-28 10:12:13 Etherscan launched Blockscan Chat messenger

Blockchain observer Etherscan has launched a messenger tied to cryptocurrency addresses called Blockscan Chat

Etherscan has developed a messenger called Blockscan Chat. The company announced this on its Twitter account. In order to test the solution in beta mode, users must synchronize their cryptocurrencies with the site. At the time of writing, the service supports MetaMask and the module Wallet Connect.

However, the messages themselves will be stored on Blockscan servers and not in the blockchain. The developers of the project say it explicitly when trying to synchronize a wallet with the service. Thus, all transactions are performed offchain, and cryptocurrencies act as a kind of analogue of e-mail for authorization. It remains unknown whether the messenger supports end-to-end encryption. Open / Comment

2022-01-26 18:16:49 January 28 - expiration in #BTC options. Main Interest Strike = $42,000 Open / Comment

2022-01-23 13:19:03 MakerDAO users prevented liquidations of more than $600 million

Ethereum's hourly bar for January 22 saw quotes sag to $2,500 (on the cryptocurrency exchange Binance). This was below the liquidation price set for seven Vaults with $630 million in aggregate collateral.

MakerDAO users can lower the liquidation price by posting additional collateral or returning DAI to Vault. This can be done even after the price reaches a critical point, as the protocol sends assets to auction with about a thirty-minute delay.

According to MakerDAO founder Rune Christensen, Vaults owners contributed additional collateral in time to save six of the seven "vaults." One of them did undergo liquidation - 28,048 ETH (~$65 million) were sold at the auction, which took place at about 2:00 (MSC). Open / Comment

2022-01-19 08:33:21 Rhodium Prepares for $1.7 Billion IPO

Rhodium Enterprises has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering on Jan. 13. This will be the cryptocurrency company's first IPO in 2022.

Rhodium plans to issue 7.69 million shares at $12-14 each, the filing said. Under the ticker symbol RHDM on Nasdaq, the company will issue 56.8 million Class A shares and 67.5 million Class B shares for a total of $1.7 billion.

Rhodium Enterprises is a mining company with production facilities in U.S. Texas that uses its own proprietary technology to mine bitcoin. Rhodium is set to become the most stable and profitable mining company in the United States. If the IPO is successful, the company will be able to compete with such industry giants as Bitdeer Technologies, Bit Digital, Marathon and Riot Blockchain. Open / Comment