DeFi Check

2022-05-18 12:53:30 Price changes of Top Blockchains for the last month. Open / Comment

2022-04-15 07:39:47 South African crypto exchange VALR lists SHIB Open / Comment

2022-02-19 10:12:21 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

2022-01-28 10:13:05 El Salvador buys 410 more BTC amid falling market

El Salvador bought 410 bitcoins for $15 million on Friday, the country's president, Nayib Bukele, said on Twitter.

"Some guys are selling very cheap," he added in his tweet.

Verifying such claims in the public blockchain is difficult because a buyer of a BTC block of that size would almost certainly have to buy it in smaller portions to avoid slippage.

Bitcoin fell about 12% late Friday night to the $36,500 level as broader cryptocurrency prices also retreated.

The country now owns more than 1,500 BTC and plans to issue a 10-year, $1 billion bitcoin bond this year. Open / Comment

2022-01-08 23:55:17 "Go to hell." Mozilla founder criticized the company

Mozilla founder Jamie Zawinski criticized the company because of the decision to start accepting payments in cryptocurrency. The American programmer "sent to hell" everyone who decided to support crypto payments as part of a partnership with BitPay. According to Zawinski, cryptocurrencies not only destroy the planet, but also contribute to the development of Ponzi schemes.

"I founded Mozilla, and I'm here to say, 'Fuck you.' Everyone involved in the project should be terribly ashamed of the decision to become a partner of the Ponzi supporters burning the planet," Zwinski tweeted. Open / Comment

2021-12-20 08:23:26 Ethereum investment products show outflows, Tron and Solana show inflows

Falling cryptocurrency prices are not preventing investors from taking large long-term positions. Interestingly, in addition to bitcoin, crypto-assets such as Tron (TRX) and Solana (SOL) also saw significant weekly capital inflows from institutional investors. Institutional investors invested nearly $19 million in Solana investment products, while Tron investment products received $17 million in the last week. This fact indicates that investors are interested in other cryptocurrencies besides bitcoin.

Ha last week Tron surpassed Cardano in terms of total assets under management, successfully winning the interest of global institutional investors.

While last week the total flows of funds in Ethereum remained positive, recently there was an outflow of $17 million, while the total amount of assets associated with ETH fell to $18.1 billion. Open / Comment

2021-12-13 22:51:42 Chainalysis will start tracking cryptocurrency in Robinhood app

Chainalysis, a blockchain provider of tools and services for transaction tracking, became a partner of Robinhood, an online broker. The company announced this on its blog. The analytics data provider will start tracking digital currency available in Robinhood's cryptocurrency app, Robinhood Crypto.

According to the announcement, the partnership with Chainalysis is necessary to comply with regulatory requirements. The company is expected to monitor not only bitcoin, but also dogecoin (DOGE), ether (ETH) and other altcoins on Robinhood Crypto's list.

Ben Einstein, head of partnerships at Robinhood Crypto, said the company chose Chainalysis for security reasons.

"Chainalysis develops industry standards with regulators and enforcement agencies, which is consistent with Robinhood's commitment." Open / Comment

2021-12-01 20:12:59 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

2021-11-11 14:55:42 Solana, FTX and Lightspeed Ventures launch $100 million Web3 Gaming fund

New opportunities are opening up for Web3 gaming as major venture capital firms create a $100 million investment fund. Solana Ventures, Lightspeed Venture Partners and FTX. Enormous enthusiasm surrounds the future of the GameFi industry as it grows exponentially.

The fund aims to invest in the "intersection of blockchain and games": technology companies, game studios that incorporate Solana blockchain. According to one partner, games could be a great gateway for Web3 to attract "the next billion users."

The popularity of Web3 games has grown significantly, paralleling Solana's impressive token success in 2021. The merging of DeFi and games offers great revenue potential, as well as the opportunity to build strong communities and new features for them. Open / Comment

2021-10-27 12:58:06 CFTC Investigates Polymarket

The Commodity Futures Trading Commission (CFTC) is investigating Polymarket to see if the market forecasting platform allows customers to mistakenly trade swaps or binary options and whether it should be registered with the agency, Bloomberg reported, citing people familiar with the matter.

The company, which has facilitated about 4 billion shares since it began operations last year, is negotiating a new round of financing that could value the platform at nearly $1 billion, Bloomberg said, citing two people with knowledge of the matter.

New York-based Polymarket has hired a former head of the CFTC's law enforcement division to handle the investigation. At this point, the CFTC declined to comment on anything.

DeFi entrepreneurs have long argued that smart contract interfaces should not be controlled like centralized exchanges. Open / Comment