DeFi Telegraph (eng) ( ICO reviews)

2022-01-13 16:01:02 Investors withdrew over 203,000 ether from exchanges in a week

The price of ETH has risen almost 3.5% to $3342 in the last 24 hours. The largest altcoin is capitalized at ~$398.672 billion on Thursday, January 13.

According to the ViewBase platform, investors withdrew 203,147 ETH totaling up to $682.997 million from centralized crypto exchanges during the week.

The ETH exchange balance fell to 11.6% of the cryptocurrency's total market supply in mid-January. Analysts view such data positively, as reduced supply of the asset eases pressure on it from sellers. This should have a positive effect on the value of ether amid growing demand.

Currently, the lion's share of the altcoin is placed on Coinbase, Binance and Gemini platforms - 6.34 million, 2.13 million and 1.79 million coins, respectively. Coinbase and Binance hold 46.16% and 15.57% of the ETH exchange balance as percentages. Open / Comment

2022-01-13 14:01:02 Student NFT selfies collection grew 876% in 24 hours

Ghozali Godzalu, a 22-year-old student from Indonesia, has turned 933 selfies into a collection of viral non-exchangeable tokens (NFTs) called "Ghozali Everyday." Ghozali originally sold each item for 0.001 ETH ($3.37), but the minimum price has since risen to 0.25 ETH ($843).

"I photographed myself when I was 18 to 22 years old (2017-2021), this is really a picture of me standing in front of a computer day in and day out," Ghozali's profile on the NFT OpenSea trading platform reads .

On Thursday morning, the collection had 448 owners and trading volume was nearly 270 ETH worth about $910,158, adding 876.87% in the last 24 hours. It thus ranks 36th on the list of the top NFT OpenSea by volume. Open / Comment

2022-01-11 19:09:02 NFT mining platform LUMPO attacked, stealing $18.7 million worth of tokens

An NFT mining platform owned by Animoca Brands subsidiary called Lumpo suffered a hot wallet hack, resulting in the loss of 165.2 million native LMT tokens worth $18 million.

According to a report from the Lumpo team on Medium, ten different project wallets were compromised in the attack. It appears that most of the stolen tokens were sent to one address, exchanged for ether (ETH) on Uniswap and Sushiswap, and then sent to another wallet.

After hackers sold stolen Lumpo Market Token, the price of LMT fell by 84% to $0.017Z.

In a tweet dated January 11 reported that the team is "working on stabilizing the situation and resuming all operations in normal mode. In addition, LMT liquidity has been removed from the pools to "minimize the drop in token prices." Open / Comment

2022-01-11 17:17:02 Polygon has a new scaling solution

The Polygon team has unveiled Plonky2, a zero-disclosure proof-based scaling solution.

"Plonky2 is a recursive SNARK that is 100 times faster than existing alternatives and is natively compatible with Ethereum," the project blog said.

"Suppose we want to prove that a packet of 1000 transactions is valid. Creating a single proof to simultaneously validate 1,000 transactions would be an expensive and time-consuming process. Instead, we can use 1000 machines and generate 1000 proofs in parallel - one for each transaction. We can then take those transaction proofs and aggregate them, creating a layer of recursive proofs, each checking the other two. We repeat this process until there is a single proof left that verifies 1,000 transactions," the developers explained. Open / Comment

2022-01-11 15:25:11 Ethereum will become the center of global finance in the next 10 years

Pantera Capital hedge fund CIO Joey Krug said that Ethereum will begin to play an important role in global finance. According to Krug, 50% of global financial transactions could be linked to Ethereum within the next ten years. Pantera's CIO is optimistic about Ethereum. Nor does Krug believe that several networks competing with Ethereum, such as Polkadot, Solana and Cardano (but he did not name any specific ones), will prove to be a serious threat to its dominance.

He said, "In 10 to 20 years, a very significant percentage, perhaps even 50% of the world's financial transactions will be linked to Ethereum in one form or another."

Ethereum continues to gain momentum and become a hub for financial services, especially in the DeFi space. DeFi has become the cornerstone of the network's investment and financial growth. Open / Comment

2022-01-11 13:42:01 Waterfall DeFi launches stacking module on the main network

The DeFi team at Waterfall has announced the launch of the stacking module on the core network. There are two types of stacking rewards on Waterfall: WTF and protocol fees. The developers claim that the stacking APR is "up to 150% APR."

"By locking in your WTF assets for veWTF (WTF with vote escrow), you will receive ongoing stacking rewards. In addition to stacking rewards, veWTF will become the default voting token for management after the Waterfall DAO is set up," the statement reads.

"To get veWTF, you need to lock up your WTF assets for a minimum of three months and a maximum of two years. The longer you lock up your WTF, the greater share of the stacking rewards and management power you will receive. Your veWTF holdings will give you a say in future management offerings," Waterfall reports. Open / Comment

2022-01-09 18:05:05 Ethereum has lost more than 17% in the last week

The price of Ethereum fell below $3,100 overnight, continuing the decline that began on Wednesday afternoon. In recent days, ETH has hovered around $3,200.

This week, the big drop in Ethereum and Bitcoin followed the disappointing US employment report for December and the publication of the minutes of the December meeting of the Federal Reserve Board, which signaled that the central bank will begin to slow down measures to support the economy.

Ethereum set a new historical record when it broke the $4,850 mark on November 10, and maintained this strength until December before rolling back towards the end of the month. Even taking into account the late decline, Ethereum ended the year much better than it started: in January 2021, the price of ETH was a little more than $ 1,000.

As with any long-term investment, experts advise ignoring the ups and downs. Open / Comment

2022-01-09 16:22:02 LCX Exchange lost $ 6.8 million

The compromise of the hot wallet was followed by the unauthorized transfer of eight types of ERC-20 tokens, including ETH, USDC, LINK and its own LCX token.

Representatives of the LCX cryptocurrency exchange, registered in Liechtenstein, confirmed the compromise of one of their hot wallets.

The first company to report the hack was PeckShield, which monitors the security of blockchains. Technical workers were interested in the suspicious transfer of ERC-20 tokens from LXC to an unknown Ethereum wallet.

After a while, the information was confirmed by the exchange itself. A published message on Twitter says about the loss of numerous tokens, including ETH, USD Cad (USD) and other coins, including its own LCX token.

PeckShield analyzed the theft and estimated that LCX lost at least 6.8 million at current market prices. Open / Comment

2022-01-09 14:10:03 The cost locked in Defi dropped by 10% in 4 days

Four days ago, the total blocked value (TVL) in decentralized finance (defi) hovered at $255.84 billion, and since then, the value of TVL has fallen by 8.55%. Over the past 24 hours, TVL has fallen by 2.80%, and the $23 billion Curve blocked today represents a dominance of 9.84%.

As digital currency markets have been falling in value over the past few days, the value locked into decentralized finance has also declined. In four days, TVL defi fell by 8.55% from $255.84 billion to today's $233.95 billion.

Curve Finance today owns the largest TVL and dominates by more than 9.84% with $23 billion blocked. This is followed by Convex Finance, Makerdao, Aave, WBTC and Instadapp, respectively. Open / Comment

2022-01-09 11:59:01 The Serum Ecosystem Development Fund has raised $75 million

The Incentive Ecosystem Foundation, a community-managed Project Serum fund, has raised $75 million in a new funding round with a goal of $100 million. Serum is a decentralized exchange and Solana-based liquidity infrastructure.

Tiger Global, Commonwealth Asset Management, Tagus Capital, Golden Tree Asset Management took part in the round.

The Fund plans to develop the Serum ecosystem with fresh capital. Fifteen percent of the funds, or $15 million, will be allocated for these purposes, JHL said in a statement.

The Ecosystem Foundation plans to support future Serum projects in areas such as DeFi, NFT and games. The Foundation also plans to offer such projects business development assistance and marketing support.

According to JHL, the rest of the capital will be used for Project Serum development initiatives, such as holding hackathons and hiring employees. Open / Comment