Crypto Lake

2022-04-17 21:00:05 ​​Terraform Labs gifts another $880M to Luna Foundation Guard.

After receiving a $1.1 billion donation last month, the Luna Foundation Guard has received another 10 million LUNA tokens from Terraform Labs.

Terra blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard (LFG) 10 million LUNA, worth around $820 million at current prices.

LFG is a nonprofit organization attached to Terra tasked with collateralizing the network’s algorithmic stablecoin, Terra USD (UST), to keep it pegged with the U.S. dollar.

TFL’s latest announcement came on Thursday via Twitter, but it did not outline what the funds would go toward specifically. However, transaction data from Terra Finder shows that 7.8 million LUNA (roughly $630 million) was promptly transferred out of LFG’s reserve wallet on Thursday.

Given Terra’s recent form, led by founder Do Kwon — who has the goal of accruing $10 billion worth of Bitcoin (BTC) to back UST’s reserves — many expect that some of the funds will go toward building its stash of digital gold. Another chunk of LUNA may be burned (a way in which the UST/USD peg is maintained.)

Some additional AVAX could be on the shopping list as well, considering both TFL and LFG purchased $100 million worth of the coin last week.

Following Terra’s recent (and ongoing) Bitcoin buying spree, which includes the purchase of roughly 2,500 BTC (around $100 million) only two days ago, the wallet belonging to LFG has become the third-largest hodler of digital gold globally, only tailing MicroStrategy and Tesla.

The latest donation to LFG comes just over a month after TFL gifted $1.1 billion worth of LUNA so that it could be burned to mint UST and grow its reserves.

According to LFG’s accounting records, its total reserve balance stands at $2.44 billion at the time of writing, with BTC representing around 70% of that figure at $1.71 billion.

Despite all of the bullish developments with Terra of late, the price of LUNA is down 7% over the last 30 days to sit at $81.65 at the time of writing. Open / Comment

2022-04-17 13:00:05 KunciCoin keeps on pushing their way to succeed in DeFi and we are proud to see that they are listed in big exchanges @BitrueOfficial and @Bitmartexchange

They have listed in 18 exchanges in last one month and with lot of Utilities

Now they will keep listing until they reach 100 exchange , next listing is Hotcoin Global.

Since we posted for the first time, over 14 top exchanges were listed, over 8M$ to $11M of daily trading volume and a game studio with downloads,They Launched their own NFT MARKETPLACE

With World Famous MUSIC ARTISTS
On the Occasion of their NFT platform they 2nd time burned 10% of their supply

They are Coming with their OWN BLOCKCHAIN ECOSYSTEM AND 3 BIG EXCHANGES
U need to check this Wonderful coin from Indonesia
It had best utilities more than any token in the world

This is something that we've been waiting for.

Wait for more announcement coming in, should be epic in upcoming months

JOIN
@KunciGlobalOfficial


Contract address

0x6cf271270662be1c4fc1b7bb7d7d7fc60cc19125

#DYOR Open / Comment

2022-04-16 18:00:08 Silks Genesis Avatar Collection

Mint in April
Get Whitelisted https://join.silks.io/discord

Get Early Access https://join.silks.io/home

Game of Silks is the first derivative P2E metaverse that mirrors the real world of thoroughbred horse racing and a Silks Avatar is your gateway to accessing its unprecedented game, community, and experience.

The Silks Genesis Avatar Collection consists of 10,000 unique Silks Avatars representing identity and ownership in the Silks ecosystem.

Silks Avatar - Ownership Benefits:
Guaranteed access to the inaugural Silks Horse Mint
Airdrops, entry to future whitelists, IRL event access
OG Genesis status and all the clout that comes with it


Future Roadmap:
Own Derivatives of Real-World Racehorses
Metaverse Opens
Own Virtual Land
Own Virtual Stables


Official Links:
Join The Silks Discord Community https://join.silks.io/discord
Watch The Full Trailer https://join.silks.io/home Open / Comment

2022-04-14 20:00:05 ​​Ariana Grande’s fundraiser for trans visibility adds crypto option.

Pledge has also introduced a mechanism allowing each crypto transaction to contribute to verified carbon offset initiatives via the United Nations Climate Neutral Now Initiative.

Fundraising platform Pledge has launched PledgeCrypto to allow nonprofits to accept crypto donations in more than 130 cryptocurrencies — including Bitcoin (BTC), Ether (ETH) and Tether (USDT) — and then turn them into fiat money.

Famous music artist Ariana Grande, a prominent advocate for transgender rights and the founder of her own charity — Protect and Defend Trans Youth Fund — is working with Pledge to raise money for LGBTQ organizations that advocate for and provide direct services to transgender youth. She has offered to match up to $1.5 million in donations.

The announcement says PledgeCrypto is a free, fully integrated fiat and cryptocurrency donation platform where donations are delivered to verified nonprofit organizations. It does not require technical knowledge, crypto wallet expertise or Know Your Customer documentation.

Pledge CEO James Citron said that about 300 million people worldwide presently own cryptocurrency and intend to fund causes they care about. Apart from Ariana Grande's campaign, additional charity partners for Pledge Crypto include The Boys and Girls Club of Metro Los Angeles, Big Brothers and Big Sisters LA, Streetcode Academy, Worthy of Love, Safe Place for Youth, CoachArt, Goodie Nation and Taraji P. Henson’s Boris Lawrence Henson Foundation.

Pledge has also introduced a mechanism that allows each crypto transaction to contribute to verified carbon offset initiatives via the United Nations Climate Neutral Now Initiative to offset the environmental impact of cryptocurrency mining and transactions.

2021 will be primarily remembered as the year of new all-time highs for digital assets, but it was also the most successful year yet for crypto philanthropy. As reported by Cointelegraph in early February, crypto contributions totaled $69.6 million in 2021 as opposed to $4.2 million in 2020. In the same period, crypto donation volume rose by 1,558%, or nearly 16x. Open / Comment

2022-04-12 17:00:11 ​ METAVERSE MAFIA DROPPING SOON

Pre Sale date to be unlocked.

HOLD 2 EARN BENEFITS

Members only area built in Sandbox.
Exclusive networking opportunities.
NFT and token airdrops
NFT Loans

Metaverse Mafia is bringing together a global community of like-minded individuals.

Whitelist filling up quick!

Don’t miss out, join now!
https://discord.gg/XWfnQQVGD6 Open / Comment

2022-04-12 15:00:21 KunciCoin keeps on pushing their way to succeed in DeFi and we are proud to see that they are listed in @BitrueOfficial

Since we posted for the first time, over 14 top exchanges were listed, over $5M to $7M of daily trading volume and a game studio with 20 million downloads , They are coming up with their own NFT MARKETPLACE

With World famous Music Artists promoting their music on NFT through KUNCI on APRIL 14TH

Finally, this is something that we've been waiting for. To celebrate our first practical use case, Kunci NFT marketplace, we will continue to burn the supply of KunciCoin.

On this second burn, we have 5 billions of Kunci will be burned on 14th April 2022.

Wait for more announcement coming in... Things should be epic in upcoming months.

Congratulations to the team for the achievements, join @KunciGlobalOfficial to know further. Open / Comment

2022-04-11 20:00:13 ​​Number of UK crypto firms operating under FCA temporary registration status drops.

The Financial Conduct Authority named CEX, Revolut, Copper, Globalblock and Moneybrain as companies in the crypto space temporarily allowed to operate in the United Kingdom.

The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five.

According to a Thursday update to its list of "Cryptoasset firms with Temporary Registration," the United Kingdom’s financial regulator named CEX, Revolut, Copper, Globalblock and Moneybrain as companies in the crypto space allowed to operate in the country in addition to the 34 registered crypto asset firms the FCA has approved since August 2020. The FCA said on March 30 that it would be extending the temporary registration status for “a small number of firms where it is strictly necessary,” which included 12 companies at the time.

In the United Kingdom, firms permitted to “carry out crypto asset activities” must either be registered with the FCA or have been granted temporary status — originally set to expire in March 2022 — following a crackdown on Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) compliance. In the last year, the FCA has ordered Binance Markets Limited to halt “any regulated activity in the U.K.” and issued a “shut down or face further action“ order for local Bitcoin ATM operators. Many crypto firms withdrew their registration applications entirely.

The change came following a Monday announcement in which HM Treasury said it would amend its existing regulatory framework to incorporate stablecoins used as a means of payment. According to the FCA’s strategy for the next three years, it will work with the U.K. government to develop a regulatory approach to crypto-assets including stablecoins as well as a crackdown on “problem firms” under its purview.

It’s unclear how long CEX, Revolut, Copper, Globalblock and Moneybrain will continue to be allowed to operate under this temporary registration status. The FCA did not specify a new deadline for the firm’s registration to be approved or rejected but previously extended the review period from July 2021 to March 2022. Open / Comment

2022-04-08 20:00:15 ​​Ethereum L2 Boba Network valued at $1.5B following Series A.

In terms of adoption and TVL, layer-2 scaling solutions continue to lead the cryptocurrency industry by a wide margin.

Hybrid computing platform Boba Network has joined the “crypto unicorn” rankings after raising $45 million in Series A funding, underscoring the investment appeal of Ethereum layer-2 scaling solutions.

The funding round had participation from several crypto-focused venture funds including Infinite Capital, Hypersphere, 10X Capital, Hack VC, GBV, Sanctor Capital, Shima Capital, Kinetic Capital, IOST and ROK Capital. Contributions also came from the Will Smith-led Dreamers VC, Paris Hilton’s M13 and several crypto industry founders from projects such as Origin Protocol, The Graph, FEI Labs and exchange giants Crypto.com and Huobi.

The Series A valued Boba Network at $1.5 billion, giving the company the unique distinction of being labeled a unicorn. In the startup world, a unicorn is a company that attains a valuation of at least $1 billion. The crypto industry crowned dozens of unicorns in 2021 as venture funds spent over $25 billion acquiring equity in emerging blockchain companies.

Boba Network was built by Enya, a decentralized infrastructure provider, and launched in 2018. The project largely flew under the radar until the launch of its mainnet and BOBA governance token in September 2021. The BOBA token is intended to further the network’s evolution as a decentralized autonomous organization, or DAO.

Boba is described as a next-generation Ethereum Layer-2 scaling solution that aims to solve many of Ethereum’s biggest pain points while also expanding its smart contract capabilities. Boba’s developers said the funding will go toward expanding internal capacity and investing in ecosystem projects that leverage the expertise of Web3 industry leaders.

While digital asset prices remain well off their previous highs, Ethereum layer-2 networks are gaining significant traction. The total value locked, or TVL, on such networks recently surpassed $7.2 billion, which is a new all-time high, according to L2 Beat. The sector’s TVL was less than $1 billion in September 2021. By comparison, the DeFi sector’s TVL has yet to reclaim its all-time high from November. Open / Comment

2022-04-05 20:00:32 ​Crypto Bottom is In and ‘Massive Rally’ Awaits, Pantera Capital Predicts.

After a 50% decline from the top, the bear market in bitcoin (BTC) and crypto more broadly is probably over for now, and a new “massive rally” is likely to happen within the next year, crypto hedge fund Pantera Capital’s CEO Dan Morehead has said.

Morehead wrote in his latest newsletter that:

“I think we’re done with the bear market -50% and we’re on to a new rally cycle. The next 6-12 months are likely to see a massive rally as investors flee stock, bond, and real estate markets – for blockchain.”

The well-known crypto asset manager added that the bitcoin price is now 56% below an 11-year-old exponential growth trend on the bitcoin chart. “The markets have rarely been so cheap relative to the trend,” he said.

Morehead also said in his newsletter that we are entering a period of rising rates, and that this is something that will probably continue “for years,” with the 10-year US treasury rate predicted by the firm to triple.

The investor noted that the median forecast for the peak in the US Federal Reserve’s Federal Funds Rate is 2.1%.

“That’s below where they were just before the pandemic, even though the economy is massively overheated compared with two years ago,” Morehead said, while reminding readers that “no working-age person in America has invested in a rising rate environment.” Open / Comment

2022-04-02 20:00:37 ​​Opera integrates Bitcoin, Solana, Polygon and five other blockchains.

Under the Crypto Browser project initiative, Opera’s multichain compatibility aims to ease the introduction of Web3 to more than 380 million mobile and desktop users worldwide.

Opera, one of the major crypto-friendly internet browsers, announced the integration of eight blockchains in a continued effort to introduce Web3 to more than 380 million mobile and desktop users worldwide.

In January 2022, Opera launched the Crypto Browser project, a Web3-focused initiative for facilitating navigation across decentralized applications (DApp), games and metaverse platforms. As part of this initiative, the browser company added support for eight major blockchain ecosystems — Bitcoin, Solana, Polygon, StarkEx, Ronin, Celo, Nervos Network and IXO.

Opera said in the announcement that its users now have access to the Polygon and Solana DApp ecosystems, as well as “the benefits of Layer 2 DeFi via StarkWare-powered DiversiFi.”

The latest integrations enable Opera users to access the Polygon proof-of-stake blockchain and Ethereum layer-2 ecosystem via StarkEx.

According to the company, the intention behind integrating multiple blockchains was to ensure chain agnosticism and Web3 involvement in an environment-friendly manner. Jørgen Arnesen, EVP mobile at Opera, stated:

“Ultimately, Web3 is on its way to becoming a mainstream web technology and users won’t need to know they’re interacting with it. They need to get a superior user experience and a true benefit.”

The announcement further highlighted the need for carbon-neutral solutions with low gas fees, which stands as one of the main reasons for choosing Polygon over the Ethereum blockchain.

Back in November 2021, Opera competitor Brave browser announced plans to integrate the Solana blockchain to strengthen its DApp capability, which is yet to be rolled out.

Citing the partnership, Brendan Eich, CEO and co-founder of Brave, said:

“With more and more users and creators requiring tools for fast and affordable access to the decentralized Web, this integration will seamlessly pave the way for the next billion crypto users to harness applications and tokens.”

Brave is yet to announce the addition of multichain support to rival its growing competition. Open / Comment