DeFi Telegraph (eng) ( ICO reviews)

2021-12-02 16:34:01 More cryptocurrency ads on Facebook and Instagram

Meta has authorized many more cryptocurrency and blockchain-related ads on Facebook and Instagram.

The updated social network policy expands advertisers' rights in this area from 3 to 27 regulatory licenses and simplifies the approval process for certain categories of services. In particular, products and services related to blockchain technology, payment methods, education, crypto-symbols, as well as themed events and media can be promoted without Meta's prior written approval.

The company decided to revise the rules because it believes that the crypto industry has progressed significantly in recent years, becoming more stable and largely regulated. This allowed Meta to formulate clearer and more transparent requirements in this sphere. Open / Comment

2021-12-02 14:13:01 Little-known altcoin soared 100% thanks to Coinbase listing

Biconomy token (BICO) skyrocketed after listing on the popular Coinbase Pro trading platform

BICO is an Ethereum-based altcoin that powers the Biconomy network, which aims to budget user interaction with any decentralized applications (DApps) across multiple blockchains. BICO can be used to pay for network commissions and also as a voting tool for updates.

According to the project's website, Biconomy aims to solve several logistical problems in order to increase the pace of Web 3.0 adoption.

News of the listing lifted BICO from $6.49 to $9.82 in a matter of minutes. A little later, the BICO rate surpassed $12, an increase of nearly 100%. Open / Comment

2021-12-02 10:20:04 Hackers hacked into Badger DAO's DeFi-protocol and took out $10 million in assets

Fraudsters hacked into the Defi Badger DAO and removed $10 million in assets from it.

Hackers managed to gain access to the assets of the DeFi-protocol through a breach in the security systems of its interface. They also drew attention to the fact that the withdrawal of funds from Badger DAO was preceded by a series of requests to expand the list of permissions from cryptocurrency wallet providers. The developers suggested that through such actions, fraudsters gained access to the assets of DeFi-protocol users.

Amid the reports, the Badger team froze cryptocurrency vaults.

According to observers, the hacker managed to withdraw 185 WBTC, 136 thousand cvxCRV, 64 thousand veCVX and other assets worth $10 million from the platform.

Against the background of reports on the BadgerDAO hack, the rate of the project's native token went into decline. Open / Comment

2021-12-01 19:39:01 1inch token gained 20% in half an hour

The price of DeFi-protocol token 1inch increased by 20% in half an hour, reaching the mark of $4.25. As of 5:15 p.m. MSC, the altcoin is trading at $4 and has a capitalization of $731 million. The price of the token has declined by more than 12% in a month.

The value of 1inch began to rise sharply after the decentralized trading platform announced it had raised $175 million. According to The Block, the DeFi-protocol funding round was led by Amber Group. Other major companies such as VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo and Gemini Frontier Fund have also invested in the project. The project will use the funds raised to create new protocols, develop additional functionality for 1INCH tokens and hire employees.

1inch is a decentralized exchange (DEX) aggregator that combines multiple DEX exchanges into a single platform to enable its users to find the most efficient swap routes across all platforms. Open / Comment

2021-11-30 17:22:01 Savage IDO will be held at OccamRazer and FantomStarter on December 15

Savage, NFT's "zero-carbon trading platform for digital content," is preparing to launch its first IDO.

"Savage is one of NFT's first public and environmentally friendly marketplaces focused on high-quality digital content for video and photos that meets Hollywood standards," the platform description reads.

"The Savage NFT trading platform aims to revolutionize the video content industry by introducing blockchain technology that will create a furor among more than seven billion potential creators who can easily monetize their digital content," the developers said in a statement.

OccamRazer and FantomStarter are the two partners Savage intends to use for the launch. The SAVG token placement will take place on Dec. 15, 2021, through OccamRAzer's IDO and FantomStarter platforms. Open / Comment

2021-11-30 13:29:01 Bancor 3 introduces new stacking pools and loss protection

Bancor 3 will have instant non-permanent loss (IL) protection, an unlimited deposit betting pool and Omnipool offering a share of commissions generated from the entire platform.

Decentralized Automated Market Maker (AMM) Bancor is set to launch new stacking pools and upgrade its non-permanent loss protection mechanism as part of the Bancor 3 update.

Bancor (BNT) was founded in 2017 and was the first DeFi protocol to implement AMM on blockchain. The Ethereum-based exchange and lending platform also allows users to be rewarded for stacking through various liquidity pools.

In a Nov. 30 blog post about the upcoming Bancor 3 update, the platform announced several new features and updates, including Omnipool, Infinity pool and "Instant Impermanent Loss Protection." Open / Comment

2021-11-29 16:32:01 Decentralized Exchanges Reached Nearly $100 Billion as of November

Monthly Decentralized Exchanges (DEX) data shows that the volume of funds circulating in the ecosystem reached nearly $100 billion at the end of November.

The total for November is approximately $99.5 billion as of November 28. Monthly volumes have increased since hitting a year low of $56.35 billion in July, and November's total exceeded $89.15 billion for October.

Uniswap v3 and v2 exchange protocols formed the bulk of the monthly volume for November, totaling $47.37 billion and $24.07 billion, respectively.

The USDC/ETH trading pair was the most active on Uniswap v3, accounting for about $956 million in the last 24 hours. CoinMarketCap reports that total protocol volume for the previous day was $1.937 billion. Open / Comment

2021-11-29 11:40:11 Omicron's DeFi-Protocol token price soars thanks to new strain of coronavirus

Omicron's DeFi-Protocol (OMIC) token skyrocketed in price from $70 to more than $700 after the World Health Organization gave the same name to the recently discovered coronavirus strain B.1.1.529.

Omicron hit the market earlier this month, a few weeks before the events that caused bitcoin and global markets to fall last Friday.

The DeFi-protocol is based on Arbitrum technology, and allows users to participate in income farming. OMIC is backed by a basket of assets, including the USDC Stablecoin, and is traded on the decentralized SushiSwap exchange.

"Bought OMIC for 9 ETH. I don't think it's a good choice, but I want to try my luck with a meme token for money that won't affect my life," one investor writes. Open / Comment

2021-11-28 19:12:01 Axie Infinity site sold for $2.48 million

In the third quarter of 2021, NFT collections from Axie Infinity were the best-selling in the cryptosphere, with more than $2.5 billion worth of transactions in total during that period. The price of the Axie Infinity token has also seen rapid growth, rising from $4.20 to nearly $160 between June and October.

According to the DappRadar platform, the cheapest digital object from the game's universe is now valued at $72.59. Meanwhile, the average transaction price with NFT reaches the $290.26 mark.

Axie Infinity operates on a play-to-earn model. In it, players can earn real money from the gameplay by buying, collecting and crossing virtual creatures called Axies. The day before, a "rare" in-game plot of land was sold for 550 ETH or $2.48 million at current exchange rates. Open / Comment

2021-11-28 17:18:00 Vitalik Buterin concerned about high gas costs

Vitalik Buterin, has proposed a hardfork that would reduce the cost of gas for Layer 2 networks by a factor of five for the "calldata" function. It is used in algorithms that link the consensus of Layer 2 protocols to blocks in the main blockchain.

The flip side of the proposed EIP-4488 is the restriction on calling this function, putting a limit on transaction validation.

According to Buterin, 1.5 MB is enough for rollups, with the current development of layer 2 protocols. On the other hand, the limits set guarantee the stability of the main blockchain.

EIP-4488 involves irreversible code changes, which requires a significant percentage of support for miners. The hardfork will cut the fees in sidechains by a factor of five, where the claimed low fees of about $1 can increase tenfold during active transactions, as happened on Black Friday. Open / Comment