NFT News

2022-05-30 09:04:20 9 weeks in the red Open / Comment

2022-05-18 12:54:03 Nearly $1.27B positions liquidated as BTC falls below $27,000 Open / Comment

2022-04-15 07:40:35 The data on which the altcoin season index is based Open / Comment

2022-02-19 10:12:32 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

2022-01-28 10:13:10 Tether returned $87 million from incorrect addresses

Stable coin issuer Tether has helped users return $87 million dollars sent to the wrong addresses since its launch in 2014, according to its CTO, Paolo Ardoino.

According to Ardoino, just earlier this week, for example, Tether returned nearly $1.5 million in U.S. dollars on behalf of users. As The Block previously reported, Tether has a recovery mechanism that allows it to blacklist Ethereum and Tron blockchain addresses, freeze funds at those addresses and issue new USDT tokens to affected users.

"Some users make mistakes when sending tokens to DeFi (decentralized finance) projects or trading platforms, which results in sending tokens to smart contracts or addresses that have no features to return funds," Ardoino said. Open / Comment

2022-01-08 23:55:24 Aave launches an adjustable Aave Arc pool

The Defi Aave platform has launched the Aave Arc authorized lending and liquidity service to help organizations participate in decentralized financing in accordance with regulatory requirements.

Unlike its new cross-platform counterparts, Age Arc is an authorized liquidity pool specifically designed for institutions that ensure compliance with regulatory requirements in the field of decentralized finance (DeFi).

The first of 30 organizations to be whitelisted by Aave Arc was Fireblocks, an institutional custodian of digital assets. The January 5 statement says that the pool "allows whitelisted organizations to safely participate in DeFi as liquidity providers and borrowers."

Aave Arc users must follow KYC/AML procedures to gain access. Open / Comment

2021-12-20 08:23:05 Balancer launches more advanced DeFi pools

Balancer Labs has launched "advanced" pools to maximize returns from the capital DeFi-investors engage.

"Typically, traders use no more than 10% of the liquidity deposited into an AMM pool. This is because transaction sizes are much smaller than the available liquidity," says Balancer's blog.

The new product, Boosted Pools, allows you to place unused funds in lending pools to generate additional income.

Most users will no longer have to spend assets on wrapping and deploying tokens like DAI and aDAI. The associated costs will be borne by arbitrageurs who are "sufficiently interested in it."

Initially, users of the new product will be able to funnel untapped liquidity into Aave pools. The developers promise to integrate other protocols - Compound, Yearn, Badger, Fuse, etc. Open / Comment

2021-12-13 22:51:51 Keanu Reeves criticized NFT

When asked if he was a crypto investor, Reeves said that a friend did purchase the digital currency for him some time ago. He also noted that he had not yet made any transactions with it because he "didn't need to."

Earlier, Warner Bros. Pictures announced the release of 100,000 non-exchangeable tokens (NFTs) in anticipation of the upcoming release of "The Matrix: Resurrection." The NFTs in the collection are avatars from the film at a price of $50 per token. NFT holders can choose between red or blue tokens to transform the character.

Reeves himself, however, is skeptical of the central idea of "digital rarity" and "impossible to copy" for NFT.

"These things can easily be replicated," he said and laughed. Open / Comment

2021-12-01 20:11:59 1inch token gained 20% in half an hour

The price of DeFi-protocol token 1inch increased by 20% in half an hour, reaching the mark of $4.25. As of 5:15 p.m. MSC, the altcoin is trading at $4 and has a capitalization of $731 million. The price of the token has declined by more than 12% in a month.

The value of 1inch began to rise sharply after the decentralized trading platform announced it had raised $175 million. According to The Block, the DeFi-protocol funding round was led by Amber Group. Other major companies such as VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo and Gemini Frontier Fund have also invested in the project. The project will use the funds raised to create new protocols, develop additional functionality for 1INCH tokens and hire employees.

1inch is a decentralized exchange (DEX) aggregator that combines multiple DEX exchanges into a single platform to enable its users to find the most efficient swap routes across all platforms. Open / Comment

2021-11-11 14:55:20 Bitfury confirmed the appointment of Brian Brooks as CEO

Technology solutions provider Bitfury Group confirmed that Brian Brooks, former head of the Office of the Comptroller of the Currency (OCC) at the U.S. Treasury Department and the U.S. subsidiary of the Binance exchange, has been named CEO of the company.

According to a statement, he began work on Oct. 29, 2021, as the firm "prepares for a new round of funding." Bitfury founder Valery Vavilov will become chairman of the board and CVO.

Brooks previously served as general counsel at bitcoin exchange Coinbase. He chaired the OSS since the summer of 2020 and resigned on Jan. 14, 2021. Brooks then became an independent board member of startup Spring Labs.

In May, the specialist joined Binance US. The parties expected that his experience would help lend legitimacy to the exchange's operations in the U.S. Open / Comment