ToTheMoon

2022-03-01 07:50:03 Top 10 DeFi tokens tracked by new product

Swiss fund manager Compass Financial Technologies has launched an index for 10 DeFi tokens called the Compass Crypto Basket Fundamental DeFi Index.

CCBFDEFI was launched on Feb. 22 and provides institutional availability for a group of 10 DeFi tokens that are individually weighted based on "liquidity, market capitalization and protocol revenue metrics" and online data.

The maximum weighting for any given token is capped at 35%, and the asset group is selected each month. The firm has listed more than 20 approved tokens that can be used as index components each month, such as UniSwap (UNI), Compound (COMP), Aave (AAVE) and SushiSwap (SUSHI).

"Incorporating fundamentals into index creation gives investors the opportunity to place funds in the best performing DeFi tokens based on sound economic performance." Open / Comment

2022-02-22 23:00:47 U.S. Fed Recognizes USDC and USDT Stablecoins

Federal Reserve Governor Lael Brainard, appointed by President Biden to serve as vice chair for oversight at the Fed, issued a warning Friday about the rapid rise of stablcoins. Before the 2022 U.S. Monetary Policy Forum, Brainard predicted:

"If current trends continue, only one or two issuers may dominate the stablcoin market in the future."

Brainard described a "crypto-financial ecosystem" - particularly decentralized finance (DeFi) - as responsible for driving demand for stablecoins, which has led to rapid growth. Brainard also warned that the prominence of crypto advertising shown at the Super Bowl should be a signal of the increased exposure of Stablecoin to retail investors. Open / Comment

2022-02-19 10:11:52 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

2022-02-12 10:35:09 NFT owners buy tokens themselves to raise their price

According to a report by Chainalysis analysts, the NFT market is simply oversaturated with investors buying tokens from themselves.

The analysts identified 262 users who were selling NFTs to self-funded addresses - that is, to themselves - and noticed that while most of these fictitious traders only made losses, the successful ones earned so much that overall this group of 262 people made huge profits.

In all, 110 traders made profits of over nearly $8, 9 million. The worst thing is that the profit was made by unsuspecting buyers who thought that the value of the NFTs they bought would increase, because they were passing from one collector to another. Open / Comment

2022-02-07 17:41:03 Developers introduced Ripple Xumm 2.2.8

Developers have introduced a new version of Ripple Xumm - 2.2.8. Ripple Xumm 2.2.8 contains several fixes to the previously released version 2.2.6.

For example, the currency selection tool (token list) when sending a token (send stream) now offers a more spacious view, allowing you to filter and select tokens. When Ripple Xumm fails to load the encrypted data store (e.g. due to a sync error on some older Android smartphones), an error will now be displayed instead of resetting the data store.

Also, fixed a bug for OfferCreate transactions using Tickets. Fixed a bug that caused NFTokenMint transactions to display the same TokenID for all transactions associated with the token. Fixed a bug that caused Ripple Xumm to crash accidentally when running on a small number of Android devices. Open / Comment

2022-02-01 12:02:30 January 2022 turned out to be terrible for Bitcoin. Here is the result of changing the cryptocurrency rate on the updated table. Open / Comment

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2022-01-28 10:12:18 Increased use of DeFi by criminals

In 2021, criminals laundered $8.6 billion worth of cryptocurrency through decentralized finance (DeFi), a 30% increase over 2020. This was reported on their blog by Chainalysis analysts. Despite the significant increase, the activity of criminals is still lower than in 2019. Then they managed to launder almost $11 billion.

Analysts explain the growth of activity in 2021 by the rise of the entire digital market. At the same time, Chainalysis notes that the figures reflect only the funds received from cryptocurrency crimes. Cybercrime activity like sales on the darknet or ransomware attacks were not taken into account.

Since 2017, cybercriminals have laundered a total of $33 billion in cryptocurrency. Experts note that most of this amount has eventually moved to centralized exchanges. For comparison, according to UN estimates, from $800 billion to $2 trillion in fiat currency is laundered annually, which is 5% of global GDP. Open / Comment

2022-01-23 13:19:07 SundaeSwap launched on Cardano, but users report failed transactions

The first Cardano DApp SundaeSwap has launched, but is causing frustration among users due to overloads, platform errors, and failed transactions.

SundaeSwap (SUNDAE) is a decentralized exchange and token placement platform. Today's launch of the core network marks an important milestone in the ADA ecosystem, as SundaeSwap is the first DApp to use its smart contracts.

The price of ADA rose 50% in the last week leading up to the SundaeSwap launch.

Bidding on DEX began at 9:45 p.m. UTC on Jan. 20. It took less than two minutes for users to start complaining about failed transactions and network congestion.

SundaeSwap: "We want to let you all know that while it may take a few days to process orders, all orders will be processed fairly and in the order in which they were received." Open / Comment

2022-01-19 08:33:30 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