DeFi Telegraph (eng) ( ICO reviews)

2022-02-19 18:02:00 Hong Kong creates ETF investing in meta-universe tokens

Hong Kong has taken another step toward embracing the meta-universe. CSOP Asset Management announced the creation of the country's first exchange-traded fund for meta-universe projects, which will be listed on the Hong Kong Stock Exchange on February 21.

CSOP announced it will adopt an active management strategy to achieve its investment goal, investing primarily in publicly listed U.S. meta-universe companies.

The initial investment in the Metaverse Concept ETF has already totaled $9 million. The meta-universe is best interpreted as the next version of the Internet, which is why tech giants are investing huge resources in the industry. Facebook has even changed its name to META, reflecting their commitment to developing the metaclass universe. Open / Comment

2022-02-18 20:29:00 Syndicate helped create 450 new DAOs in just three weeks

Blockchain-based investment protocol Syndicate claims that 10% of all existing DAOs were created on its platform in less than three weeks of operation.

Syndicate is a DAO creation platform that has raised investments from A13Z and Coinbase Ventures, among others. The team talked about the development in a Feb. 15 tweet.

Will Papper, co-founder of Syndicate, explained that the project has created 450 investment clubs as DAOs, which is just over 10% of the "best estimate" of the existing 4227 DAOs.

The rapid influx of new organizations into Syndicate indicates that the DAO governance structure has gained popularity since their widespread introduction into the crypto mainstream just a couple of years ago. Currently, the two leading DAOs are BitDAO (BIT) and Uniswap (UNI). Open / Comment

2022-02-18 19:06:00 Brazilian Hashdex Launches DeFi ETF on Stock Exchange

Brazilian crypto-asset manager Hashdex launched a DeFi exchange-traded fund (ETF) on Brazil's B3 stock exchange on Thursday, but the ETF only received $10.5 million from investors, about one-tenth of what the company expected to receive, according to a February report.

The Hashdex ETF, which trades under the ticker symbol DEFI11, was expected to raise $96 million, but attracted only 2,200 investors.

Developed in collaboration with global crypto index provider CF Benchmarks, DEFI11 reflects CF DeFi's modified composite index, an index that features Uniswap (UNI), Aave (AAVE), Compound (COMP) and Maker (MKR) tokens and others.

The index also supports the DeFi protocol, including identity verification and scalability solutions such as Polygon (MATIC), Chainlink (LINK) and The Graph (GRT). Open / Comment

2022-02-18 18:01:01 DeFi may turn to DAO management

As the DeFi ecosystem continues to suffer from criminal whales, the risks of financial loss in this sector have become increasingly apparent. Because of this, calls for regulation of decentralized finance began in 2021, and the sector began facing enforcement action last year.

KuCoin Labs predicts that as regulators approach DeFi, the industry may turn to DAO governance to reduce regulatory risk.

"If DeFi seeks to mitigate regulatory risk, DeFi's form of governance will gradually become a DAO," KuCoin Labs wrote in its annual report.

According to KuCoin Labs, a DAO that puts community interests first can exercise "true decentralization of governance." Open / Comment

2022-02-14 18:13:01 Large-scale Tron hackathon and record Cardano network activity

Cryptocurrency Tron (TRX) maintained positive momentum over the weekend, despite the fall of most altcoins. Investors picked up TRX ahead of the start of the massive TRON Grand Hackathon 2022.

The developer conference kicks off today and runs through March 7th for new ideas and specific applications related to DeFi, GameFi, NFT or any web 3.0 direction.

Cardano blockchain came out on top in terms of the number of adjusted transactions conducted. This metric from Messari analysts allows only the actual movement of assets on the network to be taken into account, excluding technical flows between wallets of exchanges, etc.

Transaction volumes allow to identify in advance the increased interest of investors and speculators in the cryptocurrency, even before its rate takes off. Open / Comment

2022-02-14 16:32:01 Jamaica named CBDC launch date ️

Jamaica plans to launch a digital currency central bank (CBDC) in 2022. This was announced by the country's Prime Minister Andrew Holness.

"The Bank of Jamaica will issue its own digital Jamaican dollar in 2022 after a successful pilot project in 2021," Holness wrote.

He said it will form the basis for a digital payments architecture and will help "increase access to financial services, increase the speed of transactions while lowering the cost of banking services" for citizens.

What is a central bank digital currency (CBDC)?

Recall that in March 2021, the country's Finance Minister Nigel Clark said that the government believes an accelerated transition to a digital society is vital for economic recovery after the pandemic.

In July, the Central Bank of Jamaica announced a pilot deployment of the CBDC system. The first test participant was the National Commercial Bank. Open / Comment

2022-02-14 14:20:07 LBank Exchange integrates Chainlink price flows

According to a press release, Lbank is pleased to announce that LBank Exchange, a world-class digital asset trading platform, has integrated Chainlink price flows. By integrating the industry-leading decentralized oracle network, LBank Exchange will have access to the high-quality, tamper-proof price streams needed to secure perpetual futures trading on the platform. This will give our users greater assurance that LBank's futures contracts use reliable, high-quality market data to determine asset prices.

Chainlink was chosen as the oracle solution because its infrastructure is easy to integrate and time-tested in a production environment. Open / Comment

2022-02-14 12:39:01 UK regulator confiscates NFT for the first time

The UK's HM Revenue & Customs has seized £5,000 worth of cryptocurrencies and three non-exchangeable tokens as part of a £1.4 million fraud investigation.

British police arrested three people on suspicion of cryptocurrency fraud. HM Revenue & Customs (HMRC) said the defendants used sophisticated methods in an attempt to conceal their identities. They used false information, stolen identities and unregistered mobile numbers, as well as virtual private networks (VPNs). Using this data, the fraudsters are believed to have registered about 250 fictitious firms with fake accounts to create the appearance of legitimate business activity.

The total damage caused by the fraudsters is estimated at £1.4m. Open / Comment

2022-02-14 10:27:00 ETH market share could surpass BTC

Banking giant analyst Danny Galindo noted that ETH is already unlike other cryptocurrency assets, so it can be considered a different investment from bitcoin. It is Ethereum that boasts more economic activity than just a payment option or a means of savings, and here we can add the same sector of NFT and DApps. Ethereum's diverse applications will help it surpass the BTC market:

"Ethereum creates vast markets for decentralized applications, increasing its level of utility, so ETH's market share could surpass BTC."

In addition, the strategist believes that Ethereum integrates with markets from the traditional finance sector and the correlation of ETH with the stock market is almost 2 times higher than BTC. Open / Comment

2022-02-12 21:03:01 Intel to launch bitcoin mining "gas pedal"

Intel said on its website, "it intends to contribute to the development of blockchain technology with a roadmap of energy-efficient gas pedals."

Argo Blockchain, Block (formerly known as Square) and bitcoin mining company GRIID Infrastructure are among the first customers.

He said he will leverage and promote an open and secure blockchain ecosystem, striving for sustainability in the development of his products. The technology will be implemented on a tiny piece of silicon to have minimal impact on the delivery of current products.

Intel also said in January that it would introduce what it called an "ultra-low-voltage, energy-efficient ASIC for bitcoin mining," dubbed the Bonanza Mine. Open / Comment