Crypto Shake

2023-01-18 20:00:19 $PVK IEO is started

$PVK is a token on Ethereum blockchain by Privok company. They work on windmill-based renewable green energy. $PVK symbolizes energy production and simplifies the currently existing energy investment ecosystem throughout the globe.

Owning a $PVK token in the early stages of an ICO provides significant benefits

Join the project's IEO on P2B: https://p2pb2b.com/token-sale/PVK-459/

More about the project: Telegram channel and https://www.privok.in/ Open / Comment

2023-01-17 15:00:09 ​Bradesco, One of Brazil's Largest Banks, Launches Tokenized Credit Notes in Blockchain Pilot

Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency world by issuing its first tokenized credit notes. The operation, carried out in partnership with Bolsa OTC, tokenized almost $2 million in bank credit notes, which were also distributed by Bradesco.

Bradesco Launches Asset Tokenization Program
Bradesco, one of the biggest banks in Brazil and Latam, has entered the crypto era, being one of the first institutions that harness blockchain tech in its operations in Brazil. The bank announced on Jan. 13, 2023, that it had tokenized the first batch of bank credit notes, valued at almost $2 million, as part of a pilot program to test the functionality of these technologies.

The operation, which Bradesco claims is the first one supervised and approved by the central bank of the country, was carried out in partnership with Bolsa OTC and using a regulatory sandbox that allows financial institutions to make this kind of test using new technologies.

On the significance of this, Edson Moreto, executive director of Bradesco, stated:

We continue to work and test the benefits of blockchain technology using its innovation ecosystem, Inovabra, so that new operations are made available to our customers. Open / Comment

2023-01-14 14:00:11 ​SHIB And Buggati Partner To Launch NFTs & Physical Items

On January 11, Shiba Inu announced the launching of both NFTs and physical items for SHIB’s Genesis NFT holders, in partnership with the luxury accessory manufacturing brand Buggati.

The Special Mint Party Event Twitter Spaces will be held on Sunday, January 15, and will feature ALPHA, live singers, guest speakers, and more. Special invited guests include Italian NFT Musician Violetta Zironi, PIXELATED Founder Sammy Arriaga, and Scottish NFT Musician Emma Miller.

As a part of the Shiboshis x Buggati Group Special Edition Release, the luxury handbag brand will host a mint party and Twitter Spaces session dedicated to the NFT project. The thread continued to reveal that the collaboration will simultaneously feature physical items and collectible NFTs for its “most devoted and supporting Shiba Inu’s NFT Genesis holders.”

There will be a total of 299 limited releases, alongside one exclusive 1st Edition release. The mint price is currently set at 0.24 ETH. Moreover, 95% of all mints will receive a Cross Body limited edition Luggage Bag from Buggati, while 5% of all mints will receive a limited edition Carry-On item.

Launched in August 2020 as a fork of the Uniswap token UNI, 10% of the SHIB’s total amount gets burned with each transaction. However, the burn is yet to affect the price as data from Dune Analytics disclose that big amounts of the SHIB tokens are still observed to be accumulated.

Nevertheless, due to the lack of practical use, apart from the sole purpose of accumulation, the coin has experienced a decline in daily active users. Currently, the token trades at $0.00008, while overlooking support levels around 0.00007. Open / Comment

2023-01-12 22:00:07 ​World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. The World Bank also cited a number of adverse developments that could push the world’s economy into a deep recession.

The World Bank, the financial organization with 174 member countries, released its Global Economic Prospects report on Tuesday. The report envisions a “sharp, long-lasting slowdown to hit developing countries hard.” The World Bank cites numerous issues plaguing the global economy, including the Covid-19 pandemic and “escalating geopolitical tensions,” as reasons why the world’s economy could spiral into a recession. The report also mentions interest rate hikes by central banks and “higher-than-expected inflation” as contributing factors to the “adverse developments.”

The World Bank’s report further detailed that inflation has dropped to some degree at the end of 2022. It also noted that skyrocketing commodity and energy prices have subsided for the time being. The World Bank warns, however, that global economies will likely still see inflation persist, and supply disruptions could stem from adversities such as the Covid-19 pandemic and the Ukraine-Russia war in Europe. If inflation persists, the World Bank warns that benchmark bank rates could continue to climb in order to curb inflationary pressures. Open / Comment

2023-01-09 13:23:20 ​DeFi Tool Convex to Make Changes to Staking Service for Curve Token Rewards

Convex Finance is making updates to its staking system on the Curve protocol that will allow users to earn more rewards and have more control over what rewards they receive.

Convex Finance is also proposing changes to the fees on the platform and redirecting some of the existing rewards to provide more incentives for staking.

These updates will be applied to the cvxCRV – which refers to the Convex and Curve token derivative staking system on Curve. The updates will allow users to add additional incentives to their cvxCRV staking, as well as adjust their rewards to include a mix of curve (CRV) and convex (CVX) tokens.

Convex allows users to access liquidity and earn fees from Ethereum-based stablecoin exchange Curve Finance, once the largest DeFi protocols with a total value locked (TVL) of $23 billion. As of Wednesday, Curve’s TVL had dropped to $3.2 billion, in line with a broader market fall. Convex locks over $3 billion and held over $21 billion during its 2021 lifetime peak.

Curve tokens (CRV) are issued as yield farming rewards to liquidity providers on Curve Finance, and can be converted into vote-escrowed CRV (veCRV). Holding veCRV allows users to participate in platform governance, earn higher rewards and fees and receive airdrops. Open / Comment

2023-01-07 21:00:04 ​Neo Boyz NFT total supply reduced to 1,111, mint sells out

The Neo Boyz mint has sold out following the reduction of its total supply from 3,333 to 1,111 NFTs. The team announced the change on Jan. 4, noting an intention to grow Forthewin Network by using the old supply on other networks.

Neo Boyz NFTs can be used for staking on the FTW Double Farm module, allowing LP contributors to earn increased rewards. Four staking tiers are offered (Tier One, Tier Two, Tier Three, and Team Tier), each with a different multiplier. Users can stake up to three NFTs to qualify for staked rewards, as well as add the multipliers for each NFT.

The Neo Boyz profile picture NFT collection mint began in Nov. 2022, with a cost of 5,000 NEP per mint. Each was randomly generated from 138 attributes, including background, body, accessories, clothing, eyes, head, and mouth. Open / Comment

2023-01-05 20:30:00 Ovato, the New Digital Currency designed for every day, real-life! The system is completely decentralized. When users use OBO, they benefit their community. When they keep their OBOs, they make about 15 times better money than their checking account. Join our fast growing community and earn with us!

Join the project's listing on P2B: https://p2pb2b.com/trade/OVO_USDT/

More info: ovato.com/en
Twitter: twitter.com/OvatoCoin Open / Comment

2023-01-04 16:00:14 ​Lido Finance Up 8% After Overtaking MakerDAO’s TVL

Lido Finance’s LDO token is up by almost 8% in the past 24 hours, reaching a weekly high of $1.26 earlier today.

LDO's price surge comes after the liquid staking protocol overtook DAI creator MakerDAO to become the largest DeFi protocol by total value locked (TVL) earlier this week.

Over the past month, MakerDAO’s TVL has slipped by over 8% to $5.93 billion, according to data from DeFiLlama. In the same period, Lido Finance’s TVL retreated by around 2% and now stands at $5.99 billion, resulting in Lido Finance taking the top spot in terms of TVL.

According to data from CoinGecko, LDO is currently trading at around $1.24 after retreating from its weekly high.

TVL is a transparent on-chain measure of the total funds held in the protocol’s smart contracts. The higher the TVL, the more popular the decentralized finance (DeFi) protocol is.

Lido Finance offers liquidity for illiquid-staked proof-of-stake cryptocurrencies, including Ethereum 2.0, Solana (SOL), Polygon (MATIC), Polkadot (DOT) and Kusama (KSM).

Following the Ethereum merge, the popularity of liquid staking protocols such as Lido Finance has increased. The total ETH staked on Lido has also increased 10% from 4.43 million ETH on September 15, 2022, the date of the merge, to 4.9 million ETH today. Open / Comment

2023-01-02 14:30:00 ​DeFi Is the Way Forward, but It Needs to Evolve

The recent events in the crypto markets have reaffirmed the value proposition of decentralized finance (DeFi) as one of the core building blocks of the future of digital assets.

However, the DeFi space has also been impacted by the changes in the market because many of the top participants in DeFi have effectively disappeared. This combination of events creates a very strong friction for the future of DeFi. In some ways, the challenges with centralized financial (CeFi) institutions should favor the adoption of DeFi protocols.

On the other hand, the fundamental market conditions that triggered the recent DeFi summer are not present anymore. While we can all agree that DeFi should be a key component of the next phase of the crypto market, the specifics are far from trivial and, most likely, will require significant changes in the industry. Open / Comment

2022-12-31 18:00:12 ​Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows

On Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled 2022 Blockchain Whitepaper. According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises.

The CAICT also disclosed that around 48 post-secondary institutions across China have introduced blockchain engineering related degrees and certifications. In the report, the institution detailed four types of blockchain technologies with high application potential.

First, settlement chains would allow transparent publication of telecom fees for firms such as China Mobile and China Unicom. Second, the Zhejiang Cold Chains would enable consumers to verify the source of their food by scanning the products' QR codes. Third, the Trusple cross-border payments platform can help buyers and sellers obtain due diligence info on their counterparties. Open / Comment