DeFi Telegraph (eng) ( ICO reviews)

2021-12-12 17:44:01 Keanu Reeves criticized NFT

When asked if he was a crypto investor, Reeves said that a friend did purchase the digital currency for him some time ago. He also noted that he had not yet made any transactions with it because he "didn't need to."

Earlier, Warner Bros. Pictures announced the release of 100,000 non-exchangeable tokens (NFTs) in anticipation of the upcoming release of "The Matrix: Resurrection." The NFTs in the collection are avatars from the film at a price of $50 per token. NFT holders can choose between red or blue tokens to transform the character.

Reeves himself, however, is skeptical of the central idea of "digital rarity" and "impossible to copy" for NFT.

"These things can easily be replicated," he said and laughed. Open / Comment

2021-12-12 15:31:01 The head of Binance urged not to chase "games"

Newcomers to the cryptocurrency market should first study the industry and then invest in assets. Changpeng Zhao, founder of cryptocurrency exchange Binance, expressed this opinion in an interview. The head of the crypto exchange urged newcomers not to chase "games," commenting on the hype surrounding tokens based on popular TV series like "The Squid Game."

"Especially beware of those assets whose names seem 'familiar,' such as cryptocurrencies named after famous actors or using someone else's name," Zhao said.

He also advised buying bitcoin if it is impossible to identify a particular cryptocurrency for a scam. However, if a potential buyer doesn't understand bitcoin, it's better not to invest in the industry at all. Open / Comment

2021-12-12 13:18:01 Chainalуsis service becomes compatible with Lightning Network solution

In February, the Chainalуsis blockchain data platform will begin supporting the Lightning Network Layer 2 scaling solution. Compatibility with Lightning will be available for clients of Chainalуsis software to ensure KYT (Know Your Transaction) compliance. KYT helps virtual asset service providers, such as exchanges, detect risk and illegal activity.

Virtual Asset Service Providers will now be able to approve bitcoin deposits and withdrawals on Lightning as required," said Pratima Arora, Chief Product Officer of Chainalуsis .

By enabling our customers to consistently support Lightning transactions, we hope to increase the popularity of the network and help it scale," Arora added. Open / Comment

2021-12-12 11:24:01 After Solana's DDoS attack, analysts criticized Proof-of-Noise

After the fifth-largest blockchain was subjected to a denial-of-service (DDoS) attack that temporarily blocked the network and caused delays in operations, Solana's business got better.

Yesterday Solana suffered another DDoS attack. This attack exploited fundamental design flaws inherent in SOL, as it sacrifices decentralization and security for speed, ignoring the consequences of this compromise with Proof of Histoire, investment company CIO Justin Bones said.

The cryptography underlying the network may have flaws, including flaws that affect the functionality of the Solana network or make it vulnerable to attack," Groussale Investments said. Open / Comment

2021-12-10 18:55:05 Coinbase offers DeFi Yield product to users in 70 countries

In an effort to make decentralized finance (DeFi) more accessible to its customers, major U.S. cryptocurrency exchange Coinbase says it is allowing users in 70 countries to buy the DeFi revenue product using its DAI crypto holdings.

The exchange makes DeFi "more convenient and accessible for customers," as "eligible users will now be able to access DeFi's attractive yield without leaving their Coinbase account, with just a few clicks and no network fees," the exchange said in a statement.

The offered annual percentage yield (APY) "varies with Compound rates and will automatically update to reflect changes in the market. Compound rates are variable - for example, during October, the annual interest rate for DAI delivery fluctuated between 2.83% and 5.39%," the statement said. Open / Comment

2021-12-10 16:45:10 Polygon acquires Mir startup for $400 million in digital currency

Blockchain company Polygon has acquired startup Mir Protocol, a developer of Ethereum scaling solutions. The deal was valued at $400 million.

The deal will be paid in digital assets, TheBlock reported, citing Polygon co-founder Mikhail Belich. According to him, the contract involves 190 million tokens MATIC and USDC worth $100 million. The price of tokens is fixed for November 26, 2021 - on that day MATIC traded in the range of $1.67-1.84.

MATIC's token price dropped 8% on the news.

The startup Mir was founded in 2019. The provider's blockchain platform helps DeFi-applications reconcile transactions based on the ZK-proof (zero-disclosure proof) principle. Mir's developer solution, Plonky2, can generate recursive proofs on a laptop in 170 milliseconds - faster than other known solutions.

"Mir has developed the world's fastest ZK scaling technology," Polygon said in a press release. Open / Comment

2021-12-09 18:56:02 Fintech platform Mambu has raised $266 million and reached a valuation of $5.6 billion

SaaS solutions provider Mambu raised €235 million in a Series E financing round. As a result, the fintech company's valuation reached €4.9 million (~$5.6 billion).

The round was led by investment firm EQT Growth. Mambu did not disclose any other investors.

Mambu will use the funds to develop the functions and technology of its SaaS-platform, as well as further international expansion. The company is also considering launching insurance as a service.

Since its founding, Mambu has raised $172 million, according to Crunchbase. With the new round, that figure rises to $437 million.

The banking software market is valued at €100 billion. The sector is expected to grow in double digits. Fortune Business Insights analysts believe Mambu's target market will reach $34.48 billion by 2028. Open / Comment

2021-12-09 14:31:01 Reddit will expand its loyalty program with Ethereum tokens

Social network Reddit has opened a waiting list to expand its Ethereum token reward program "Community Points" to subreddits of the platform and launched a special information resource.

The initiative has been in test mode since May 2020. Members of the r/Cryptocurrency and r/FortniteBR subreddits receive ERC-20 standard MOONS and BRICKS tokens, respectively.

The program is deployed in the Rinkeby testnet with the prospect of moving to the main Ethereum network.

Users earn points for creating popular content, moderation, participation in votes and other forms of contribution to community life. The platform has published standard rules for accruing tokens, but sabreddits can determine their own norms.

The tokens are stored in the Vault wallet created by Reddit and are at the full disposal of the user. Open / Comment

2021-12-08 19:13:02 DeFi startup Earnity has raised $15 million led by BitNile miner

Decentralized finance (DeFi) startup Earnity raised $15 million in a Series A round led by BitNile, a Bitcoin mining company, bringing the total to $20 million. Earnity plans to launch a curated financial marketplace for tokens early next year.

Earnity says the platform will allow users to earn, explore, collect and gift various tokens and portfolios in a secure, community-oriented way.

Earnity was founded by Domenic Carosa, who also founded the payment system Banxa Holdings and co-founded the cryptocurrency-focused investment fund Apollo Capital.

Other participants in the round included institutional investors Thorney, an Australian Stock Exchange-listed company, and NGC Ventures, a blockchain fund. Open / Comment

2021-12-08 16:51:02 The dYdX exchange went offline for nine hours

On Tuesday, cryptocurrency derivatives exchange dYdX went offline, blaming the outage on Amazon Web Services (AWS) cloud services.

The team tweeted that the dYdX interface was not loading due to a glitch on the side of the centralized cloud service provider.

"All of our services are experiencing delays, functionality is broken, the interface is down, and the site won't load."

The outage and service interruptions lasted about 8-9 hours. At the time of publication, the exchange dYdX was back online, as reported on the official page of the project. But the incident again raised the question of true decentralization.

The team acknowledged that the platform still had to rely on centralized services and apologized for the glitch.

"Unfortunately, some elements of the exchange rely on centralized services. We are deeply committed to full decentralization, which remains our priority." Open / Comment