DeFi Telegraph (eng) ( ICO reviews)

2022-01-18 19:36:01 Rhodium Prepares for $1.7 Billion IPO

Rhodium Enterprises has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering on Jan. 13. This will be the cryptocurrency company's first IPO in 2022.

Rhodium plans to issue 7.69 million shares at $12-14 each, the filing said. Under the ticker symbol RHDM on Nasdaq, the company will issue 56.8 million Class A shares and 67.5 million Class B shares for a total of $1.7 billion.

Rhodium Enterprises is a mining company with production facilities in U.S. Texas that uses its own proprietary technology to mine bitcoin. Rhodium is set to become the most stable and profitable mining company in the United States. If the IPO is successful, the company will be able to compete with such industry giants as Bitdeer Technologies, Bit Digital, Marathon and Riot Blockchain. Open / Comment

2022-01-18 17:54:02 Meta has turned to NFT and DAO

The man who will become Meta's CTO in 2022 reportedly wants Meta to "target deep blockchain interoperability" - and has talked about the possibility of exploring DAO and NFT-related business lines.

Andrew Bosworth, who is already Meta's top executive, tasked with leading the augmented and virtual reality divisions, will take his new position and help the firm deliver such a coup de grace to the meta-universe.

Bosworth said the company should "develop ways to work with NFT" and "look at possibly investing in areas like blockchain-based smart contracts and DAO."

But Bosworth warned employees not to get too zealous about Web 3.0, and urged them "not to make excessive fixes by relying only on decentralized technology." Open / Comment

2022-01-17 21:05:09 MEXC Pioneer promotes DeFi in the NEAR ecosystem

MEXC Pioneer is a platform launched by MEXC Global designed to give new projects, innovators and entrepreneurs the tools they need to achieve their dreams.

In October 2021, Proximity Labs announced $350 million in grants for DAO development. The essence of the grants was to help build DeFi applications on the NEAR blockchain. With MEXC support, Pioneer Proximity Labs will bring more people together and help them learn DeFi scripts.

Catherine Dan, vice president of MEXC Global and founder of MEXC Pioneer, commented on the news, "Proximity Labs is a technology-focused team that provides people with the most advanced DeFi experience. Open / Comment

2022-01-17 20:23:01 Trader predicted the price movement of Ethereum

Vadim Shovkun, a practicing trader and founder of Crypto Shaman project, tells about the current market situation.

There is minimal volatility on bitcoin in the market, the last review is relevant. So let's look at the situation on the second most capitalized cryptocurrency.

The first thing to look at is the strength index in correlation with bitcoin. Ethereum looks a bit stronger, the last growth wave is not absorbed, the overall structure of HL\HH is not broken. At the moment, ethereum is 17% away from its low of the last wave (bitcoin has only 7%).

ETH is now trading within the main horizontal volume of the previous growth wave (HVN). If bitcoin fails to consolidate, the coin will pass -34% by the next horizontal volume resistance (compared to -23% for BTC). As part of the rebound on momentum, growth is currently projected at +22%. Open / Comment

2022-01-15 19:24:01 Social network Parler announces NFT collection with Donald Trump

Social network Parler and artist John McNaughton will launch a joint collection of non-transferable tokens (NFT) featuring images of former U.S. President Donald Trump.

Pre-sales of tokens from the Trump Legacy collection will begin Jan. 20. Applications for the whitelist are being accepted through Jan. 19.

The first part contains 10,000 NFTs on the Ethereum blockchain. Each token is worth 0.1 ETH (about $330 at the time of writing).

"The historical NFT collection highlights former President Donald Trump in countless circumstances that capture the essence of his presidency, using symbolic images with serious undertones," the press release reads.

In June 2021, Trump said that bitcoin looked like a rival scam to the dollar. In September, the former U.S. president called investing in cryptocurrency an "anticipated disaster. Open / Comment

2022-01-15 17:43:01 Vitalik Buterin asked followers about an alternative to Ethereum

Ethereum founder Vitalik Buterin conducted a poll on his Twitter asking about the most popular currency of 2035, excluding the second most capitalized cryptocurrency.

"You wake up in 2035 and 80% of the world's transactions and savings are in one currency, and it's not ETH. What do you think that currency will be?" he wrote.

More than 600,000 people took part in the poll.

Cardano was the winner in the voting (42%), the closest to the leader was bitcoin (38.4%). Solana garnered 13.1% and the U.S. dollar 6.5%.

In the second poll, more than 358 thousand participants chose TRON as the winner (51.3%). Binance Coin (22.8%), NEO (21.8%) and the digital yuan (4.1%) were located behind it in the voting. Open / Comment

2022-01-14 17:15:11 Tornado Cash transaction mixer launched on Optimism

The developers of the Tornado Cash cryptocurrency mixer continue to expand the project's footprint. Tornado smart contracts are now deployed on Optimism's Level 2 network.

The Tornado Cash mixer is now available on the first tier of the Etherium blockchain, as well as on the second tier solutions Arbitrum, Optimism, Polygon and the Binance Smart Chain, xDAI Chain and Avalanche blockchains.

The full launch of Optimism, with access for all developers, took place in mid-December. While the solution is not very popular yet, but it has already helped users save over $275 million in commissions. Right now, the amount of blocked assets in the Optimism protocol is $320 million. The Optimism network processes approximately 30,000 transactions daily.

Tornado Cash users will be able to use the solution to reduce the cost of commissions on the Etherium network. There are more than 60,000 addresses active in Optimism right now. Open / Comment

2022-01-14 15:21:02 The developers of Shiba Inu have claims to CoinMarketCap

The administrators of CoinMarketCap (CMC) aggregator deliberately added links to the addresses of smart contracts in the description of Shiba Inu (SHIB) project, which are not directly related to the project. The developers of the "meme" altcoin stated about this on their Twitter page.

The developers' claim concerns the appearance of fake smart contracts for SHIB in the list of official contracts on the page of the project. In fact, SHIB is exclusively a token based on the Ethereum blockchain, but other networks, including Solana and Binance Smart Chain, are also listed on the CMC page.

Developers claim that CMC refused to respond to claims of unauthorized address listings. The developers' official position is as follows:

"The defense team at Shiba Inu is extremely disappointed with the lack of professionalism demonstrated by CoinMarketCap, a resource considered a bastion of integrity in the cryptocurrency community." Open / Comment

2022-01-13 20:08:02 Strike wallet based on the Lightning network launched

The popular digital wallet Strike, based on the Lightning Bitcoin network, is launched in Argentina. The company intends to provide an excellent financial service to the country, which faces high inflation and other monetary problems.

Strike founder and CEO Jack Mullers confirmed the news on Twitter, where he wrote that Bitcoin could "bring hope to the people of Argentina. Despite being the third largest economy in Latin America, the country has been struggling with high inflation for years.

The top manager classified the South American nation as one of the "most exciting countries to build a bitcoin-based economy. The launch of Strike will allow Argentinians to have a "stable cash balance that can be spent instantly and without fees. Open / Comment

2022-01-13 18:18:02 RippleX will launch an NFT developer platform

Ripple engineer Nick Bugalis announced the launch of the NFT-Devnet platform to explore the possibilities of non-interchangeable tokens. Initially, developers will have access to a beta version of the platform.

According to Bugalis, automatic licensing fees allow developers to create more complex licensing fee structures, and co-ownership expands access to assets. Bugalis pointed out that NFT-Devnet is still in beta testing, which will allow developers to test the functionality of XRP Ledger before launching the main network.

The platform supports the XLS-20d solution, first introduced in May 2021. These are extensions to XRP Ledger, which will support its own type of NFT, as well as a protocol for transactions, buying, selling and storing non-interchangeable tokens. Open / Comment