Crypto California Club

2023-04-20 10:21:39 Crypto’s Need for Sustainability Standard-Setting Starts Here

Cryptocurrencies have gained strong momentum over the last couple of years, drawing widespread attention from both proponents and skeptics.

While investors have lauded digital currencies for their high yields and fiat-based volatility, critics have decried the environmental impacts and the toll the high-powered computing requirements for powering the blockchain are having on the planet.

The reality is crypto’s impact pales in comparison to other sources. For example, Bitcoin (BTC) accounts for only 0.23% of the world’s total energy consumption, and accounts for less than half the energy consumed by the global cement industry.

Meanwhile, iron and steel production consumes over 8X the energy of Bitcoin with residential air conditioning alone trumping Bitcoin by a factor of 14.

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2023-04-19 18:05:56 Japan Issued Warning Against 4 Exchanges Including Bybit And MEXC

Among them, according to market data site CoinGecko, Bitget is currently 6th and Bybit 7th in the 24-hour trading volume chart, both of which are major exchanges in the world.

Bybit also has a significant market share in derivatives trading and is heavily used by Japanese traders. In terms of 24-hour derivatives trading volume, it ranks sixth in futures contracts.

In May 2021, Bybit was alerted that they were conducting an unregistered virtual currency exchange business, and it was listed on the unregistered traders list.

Since 2018, the Financial Services Authority has stepped up its scrutiny of unregistered businesses following a cryptocurrency leak from Coincheck. At the time, the Financial Services Authority, the National Police Agency, and the Consumer Affairs Agency held a general manager-level meeting to confirm the increased cooperation.

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2023-04-19 10:02:29 Startup with WhatsApp and Amazon capabilities raises $28 million

Developers at startup OP3N have raised $28 million to create an app that will be the Web version of "WhatsApp and Amazon, or WeChat and Alibaba" for the Web3 industry. The artificial intelligence-based platform successfully completed a Series A funding round and was valued at $100 million, according to TechCrunch.

"I wanted to bring content creators, chat rooms and e-commerce together in one place," said OP3N CEO Jason Ma. He assures OP3N's chat-based product, Superapp, aims to bridge the gap between Web2 and Web3 by incorporating blockchain and decentralized technology into interfaces. The app allows audio, video and mixed-media content to be added to interactions on the Web.

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2023-04-18 19:31:53 Developers Fork Uniswap V3, Protocol Attracts $123M in Total Value Locked

Decentralized exchange (DEX) Uniswap has been forked by developers after its Business Source License (BSL) expired on April 1.

The fork, according to DeFiLlama, has already attracted $123 million in total value locked (TVL) with the majority of capital locked on the Binance Smart Chain (BSC)

Uniswap documentation reveals that as of April 1 the code became open source. This was planned since the upgrade to version 3 in 2021 as the license was only valid for two years.

Uniswap remains one of the largest decentralized exchanges in the decentralized finance (DeFi) ecosystem, commanding more than $4 billion in TVL across all blockchains.

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2023-04-18 10:45:36 Cardano (ADA) Among Top Movers on Robinhood for the Week

The asset is witnessing a 10.15% gain in the past seven days.

Cardano (ADA) has made it to Robinhood’s weekly list of biggest-gaining assets for the first time in almost two months. The asset witnessed notable bullish developments this week that catalyzed its rally to a high of $0.4079 on Friday.

Robinhood highlighted ADA’s bullish position in its weekly report of the digital asset scene on Friday. Notably, Cardano secured the second position on the trading platform’s list of highest-gaining assets in the past week, with a 9% weekly appreciation at the time of Robinhood’s disclosure.

What happened ThisWeekInCrypto? NASDAQ will launch crypto safekeeping services in Q2, an Irish farmer powers bitcoin mine with cowpies, and the faster, cheaper “zkSync Era” debuts on the ETH mainnet with the first zkEVMs (zero knowledge Ethereum Virtual Machines).

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2023-04-17 17:00:42 European banks launch ‘sustainable’ blockchain platform for digital bonds

The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol.

Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally, providing a more efficient and secure process than traditional methods.

The platform is a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, called “so|bond.“ According to the announcement from April 3, the blockchain network will be using a validation protocol, “Proof of Climate awaReness,” and minimizing its environmental footprint.

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2023-04-17 08:31:23 Easter with NFT: egg on the blockchain

For the first time, Easter can be celebrated with NFTs, thanks to the project of Italian startup Hoken Tech, which has created the handcrafted Easter egg, which is a Non-Fungible Token on the blockchain.

Italian startup Hoken Tech, which connects brands to people through Non-Fungible Tokens, has launched a new project that colors the Easter holiday with NFTs.

Basically, the company has developed the first Easter egg that will exist on the Blockchain, meaning it will be connected to an NFT.

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2023-04-16 18:02:01 OpenSea Launches OpenSea Pro, Courting Professional NFT Traders

Leading non-fungible token (NFT) marketplace OpenSea said Tuesday it’s rolling out OpenSea Pro, a marketplace with advanced features targeting the growing market of professional NFT traders that has helped rival NFT marketplace Blur surge since its launch.

The new product is a rebrand of Gem v2, which is the newest version of Gem’s NFT aggregation platform. OpenSea acquired Gem in April 2022, with plans to bring its professional trading tools to OpenSea users.

OpenSea Pro will operate with 0% fees and pull listings across 170 marketplaces to provide the best deals for traders. It will support advanced “floor sweeping” for traders, instant sales, inventory management, the ability to optimize gas fees for efficient trades, a watchlist feature and more. It will also be available on mobile devices.

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2023-04-16 09:01:59 Amazon NFT Marketplace Could Feature Beeple, Pudgy Penguins

Amazon is putting the finishing touches to its in-house NFT initiative, according to sources directly familiar with the matter. And at least one document suggests that Amazon is set to feature digital collectibles from top crypto-native creators including Beeple and Pudgy Penguins.

The Amazon NFT marketplace will run on a private and permissioned blockchain controlled by the e-commerce giant, according to a confidential terms of service agreement reviewed by Blockworks.

A separate confidential Amazon deck reviewed by Blockworks confirmed the private blockchain, adding that Amazon Web Services (AWS) has been a major contributor to its formation. Neither document could be confirmed as presenting the most current version of Amazon’s plans.

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2023-04-15 17:20:48 BendDAO gives NFT investors the edge with Web3 financial reporting

BendDAO, which is considered by many in the cryptocurrency space to be among the most important non-fungible token (NFT) backed loan liquidity protocols, recently celebrated its one year anniversary by presenting a comprehensive financial statement.

The statement developed by Unboxing Lab is on par with the standards that are found in conventional forms of financing and highlights the development that BendDAO has achieved over the last year, as per information shared with Finbold on April 7.

Reports in the electronic data gathering, analysis, and retrieval system (EDGAR) format introduce a degree of openness to Web3 projects that has never been seen before. This enables community members to get insight into the financial health of protocols that they make regular use of.

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