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Crypto Shake

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Logo of telegram channel crypto_shakes — Crypto Shake
Channel address: @crypto_shakes
Categories: Cryptocurrencies
Language: English
Subscribers: 24.66K
Description from channel

🍹Hot news from the cryptoworld only on our channel
🥤Owner: @Jobber_BTC

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The latest Messages

2023-09-20 13:26:24
Redefining Value: Earn Money as You Burn Calories with Emorya $EMR!

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16.1K views10:26
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2023-09-11 12:27:35Dungeons & Dragons Reverses Course on NFT Ban Amid Backlash

Dungeons & Dragons (D&D) publisher Wizards of the Coast capitulated to fans and content creators Friday, announcing that it won’t move forward with proposed changes to a game license that would have clamped down on derivative NFT projects in the process.

Earlier this month, the Hasbro-owned company provoked widespread ire from the tabletop gaming community after it moved to modify a legal framework that has allowed people to produce content compatible with D&D for over 20 years. That included things like D&D-inspired live play shows and podcasts, as well as graphic novels and other media.

Wizards of the Coast already walked back certain changes to its Open Game License (OGL) earlier this month, such as mandated royalties from content creators. However, an updated proposal made clear that D&D content like game mechanics would be prohibited from use in conjunction with third-party NFTs.
14.8K views09:27
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2023-09-08 10:26:36Bitget Launches Its DEX Aggregator After Wallet Hack

In a press release, Bitget announced the introduction of “MegaSwap.”However, it enables users to trade or exchange their digital assets for more than 10,000 cryptocurrencies in a DeFi environment. Users who have a MegaSwap account can trade on the Bitget platform through ten well-known DEXs and eight powerful channels.

Users can benefit from the best of both worlds thanks to this feature. However, it combines the flexibility and variety of DeFi with the safety and practicality of CeFi.

Bitget’s CEO, Grace Chen, says

“MegaSwap is an important step taken by Bitget in building a unique safe, dynamic and robust trading experience to reach critical mass.”
13.8K views07:26
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2023-09-06 13:26:31DraftKings Tees Up PGA Tour NFT Fantasy Golf Game

After establishing NFT-based fantasy sports games around the National Football League (NFL) and Ultimate Fighting Championship (UFC), sports betting firm DraftKings announced today that it will launch an NFT fantasy golf game in partnership with the PGA Tour.

DraftKings will roll out the Reignmakers PGA Tour experience in March, following the same kind of format as with its previous NFT projects. Digital cards based on PGA Tour golfers will be minted and sold via Polygon, an Ethereum sidechain network, and users can compete for millions of dollars’ worth of cash prizes.

Just like in traditional fantasy sports games, users will earn points based on the real-world performance of the players in their respective lineups. But as in DraftKings’ other Reignmakers games and in rival games like Sorare, users will build their lineups by buying and trading digital cards based on the real-world athletes.
17.2K views10:26
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2023-09-04 10:57:39Aave’s Proposal to Freeze BUSD Poised to Pass

Following Paxos’s run-in with the SEC over its BUSD stablecoin, decentralized protocol Aave is poised to pass a proposal to freeze BUSD on its platform.

The proposal suggests Aave switch to a different stablecoin.

The SEC issued a Wells notice, which typically precedes enforcement actions, to Paxos, according to recent reports. The regulator alleges BUSD is an unregistered security.

“The inability to mint new BUSD might hurt peg arbitrage opportunity and asset peg,” the Aave proposal reads. “It seems that the most reasonable path for Aave is to freeze this reserve and invite users to switch to another stablecoin among the diversity present in Aave.”

The proposal, introduced Monday, was written by two delegates: the Aave-Chan initiative and Marc Zeller of Aave DAO.

“On a more general level, BUSD is one of the smallest Aave stablecoin reserves,” Zeller told Blockworks. “So the impact on overall Aave liquidity is minimal.”

Zeller’s efforts come as regulation continues to heat up in the US. After a slew of enforcement actions and settlements in recent weeks, the industry is left wondering what is next for stablecoins and staking products.

The proposal says “there’s no real prospect of growth” for BUSD, adding that the stablecoin’s circulating supply will “eventually go toward zero.”
14.4K views07:57
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2023-09-01 12:00:05
Attention, crypto enthusiasts!
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From Sep. 1 to Sep. 15, join and learn as you engage with tasks, enhancing your crypto knowledge and standing a chance to earn from a generous 2000 FTN reward pool. Are you up for the challenge? Top participants will reap bountiful rewards, dispatched in just 7 business days post-campaign. Join and learn to see if you can make it to the top!
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13.3K views09:00
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2023-08-28 15:42:14DIA’s Oracle suite accessible on the zkSync Era testnet

DIA’s Oracle suite presently happens to be accessible on zkSync. It comes with customizable price feeds, along with randomness, as well as NFT collections and a lot more. There will also be over three thousand tokens, as well as more than eighteen thousand NFT collections, all for the ultimate benefit of the developers connected with zkSync.

zkSync Era happens to be zkRollup. In turn, it is basically a trustless protocol that happens to utilize cryptographic validity proofs for making provisions for upgradable and cost-effective transactions on Ethereum. Computation happens to be carried out off-chain, as well as data storage. The fees happen to be less than Ethereum, and it is much quicker.

The incorporation of DIA with zkSync Era’s testnet network will provide the opportunity for developers to be able to start trying out various dApps having customizable and clear price feeds. They will also get connected with the price feeds meant for long-tail assets, as well as NFT collections.
13.9K views12:42
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2023-08-23 13:45:54Dapper Labs Ruling Dunks on Private Networks

On Feb. 22 came the publication of what will surely become an instant classic application of the Howey Test, part of a 64-page opinion written by Judge

Victor Marrero of the U.S. District Court, Southern District of New York. In denying the motion by Dapper Labs and its CEO to dismiss an unregistered securities offering case brought against them, the court provided one overarching lesson:

If you market NFTs [non-fungible tokens] using your own private blockchain and marketplace, then you should probably hire a good compliance lawyer beforehand.

Acknowledged by the court as the first case to decide whether an NFT constitutes an investment contract under the famous Howey Test, Judge Marrero allowed the putative class-action lawsuit Friel v. Dapper Labs, Inc. to proceed past a motion to dismiss.

Marrero focuses on several attributes common to several other NFT projects, namely the use of a private blockchain network and a native token backed by the founder of the network.
15.7K views10:45
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2023-08-21 10:01:23Porsche NFT Collection Is a Reminder to Let Web3 Natives Take the Wheel

“Is it still ok to get a physical Porsche tho?” said Alfonso (Fonz) Olvera, CEO of non-fungible token (NFT) ownership platform Tokenproof, on Twitter Tuesday morning.

“Wen Kia mint? I’m sure I could afford that,” he joked in another tweet.

Olvera’s tweets reflect the broader sentiments felt by some in the NFT community in response to German carmaker Porsche’s debut NFT collection, which opened for minting on Monday. While users took to Twitter to poke fun at the project as it struggled to gain traction in the hours post-launch, the stalled mint served as a lesson to companies on how to build a Web3 strategy with community input at the forefront.

The legacy sports car manufacturer opened its mint on Monday morning, pricing each NFT – a digital replica of the iconic 911 model – at 0.911 ETH, or about $1,490. The company teased future integrations for holders, including the ability to customize the design and rarity of their NFTs.

But it appears Porsche could have used some roadside assistance in its project rollout. As of Tuesday afternoon, only around 1,600 of the 7,500 NFTs had been minted, and many NFTs were selling on secondary marketplaces like OpenSea for less than the mint price.

Noting the lack of momentum, Porsche put its project in reverse and said that it would halt its mint. “Our holders have spoken,” its official account tweeted.
14.2K views07:01
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2023-08-19 10:14:00DeFi Protocol Perennial Launches with $12M Fundraise

Perennial, a decentralized finance (DeFi)-native derivatives protocol, has gone live with a $12 million seed funding round led by Polychain Capital and Variant. The capital raise happened earlier this year, but the recent collapse of centralized exchange FTX has put increased focus on risk mitigation, liquidity and DeFi projects.

Other investors in the round included Archetype, Scalar Capital, Robot Ventures, Coinbase Ventures, a capital and a number of angel investors, according to a draft Medium post provided to CoinDesk.

Perennial enables the creation of two-sided markets made up of traders and liquidity providers. Traders deposit assets to get leveraged exposure to different price feeds, while the liquidity providers pool capital to earn fees for taking the other side of trader positions.

The losing side of the trade pays the winning side. Perennial’s initial core features also include zero price slippage – trades happen directly at the current price regardless of size – and trades that are settled in USD instead of crypto.

“Perennial is built as a non-custodial DeFi protocol that is fully on-chain with open source code,” Perennial operations head Jacob Phillips told CoinDesk in an email. “This means users always control their own funds and can easily verify any of the actions/behaviors of the protocol.”
17.0K views07:14
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