NFT NEWS

2022-05-20 10:46:51 ​​Bitcoin investment giant Grayscale debuts ETF in Europe.

Grayscale announced its first European ETF, listing on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.

Crypto investment giant Grayscale is expanding operations by launching a new crypto-linked exchange-traded fund (ETF) in Europe.

Grayscale officially announced its first European ETF, called Grayscale Future of Finance UCITS ETF, on Monday. A spokesperson for Grayscale told Cointelegraph that the ETF will begin trading on Tuesday.

The new investment product is getting listings on major European stock exchanges, including the London Stock Exchange, Borsa Italiana as well as Deutsche Börse’s electronic trading platform Xetra. Listed under the ticker symbol GFOF, the ETF will also be passported for sale across Europe.

Launched in partnership with Bloomberg, GFOF UCITS ET tracks the performance of the Bloomberg Grayscale Future of Finance Index. Bloomberg and Grayscale jointly introduced the index in January 2022, aiming to track the digital economy, focusing on the three main directions of technology, finance and digital assets.

According to the announcement, the new ETF includes companies directly involved in cryptocurrency mining, energy management and other activities in the digital asset ecosystem. According to the official information about the fund, the ETF tracks firms like the crypto-friendly trading app Robinhood, PayPal, Block, Coinbase, Canaan and others.

“Through GFOF UCITS ETF, European investors now have the opportunity to receive exposure to the companies that are pivotal to the evolution of the global financial system,” Grayscale’s global head of ETFs David LaValle said.

Grayscale also collaborated with Europe’s white-label issuer HANetf to create the new investment product. The issuer is known for cooperating on blockchain ETFs with companies like ETC Group.

A spokesperson for Grayscale told Cointelegraph that the new ETF launch is an important milestone both for the company's growth and the digital asset ecosystem, stating:

"We believe that the most exciting thing about the digital economy is the fact that we’re still so early in its development. That’s the vision that drove the creation of GFOF, the opportunity to capture value from transformative companies that are, and will be, embracing or building the future of finance and our global digital economy.”

Grayscale is one of the world’s largest Bitcoin (BTC) investment companies, providing the Grayscale Bitcoin BTC Trust (GBTC) with $18.3 billion in assets under management. Open / Comment

2022-05-15 14:30:13 ​​Bitcoin mining in Norway gets the green light as the proposed ban rejected.

The proposal to ban Bitcoin mining in Norway was rejected in a vote by the Norwegian Parliament on Tuesday.

There’s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That’s according to a majority vote passed by the Norwegian parliament on Tuesday.

The proposal to ban Bitcoin mining in Norway was first suggested in March this year by the Red Party (Norway’s communist party). In this week's vote, the proposal was overturned as only Norway’s left-leaning parties, including the Socialist Left Party, the Red Party and the Green Party would support a ban on cryptocurrency mining.

Jaran Mellerud, an analyst at Arcane Research and a Cointelegraph confidant, shed light on the developments: “The vote these parties lost was against banning large-scale Bitcoin mining overall.”

“Having lost this vote, these political parties will likely make one more attempt at increasing the power tax specifically for miners, which is now their only tool left in the toolbox for making life difficult for miners.”

Contrary to the political parties' efforts, Bitcoin mining companies in Norway have thrived in recent years. Norway now contributes as much as 1% to the global Bitcoin hash rate, taking advantage of 100% renewable energy in the Land of the Midnight Sun.

Norwegian Mellerud added that “Bitcoin-hostile political parties in Norway have been trying to force bitcoin miners out of the country by implementing a higher power tax rate specifically for miners or even attempting to ban mining.”

"Luckily, they haven't been successful, and this decision by the government to not ban bitcoin mining should be the latest nail in the coffin for their attempts to get rid of the industry."

Cointelegraph previously reported that Norway is a “green oasis” for Bitcoin mining, boasting abundant hydropower and low energy prices, particularly in the north.

In mid-northern and northern Norway, the cost per kilowatt-hour is 0.12 Norwegian Krone ($0.012), a highly competitive rate internationally, or “extremely cheap,” Mellerud told Cointelegraph.

The article from Norwegian news E24 reported that “ordinary households, companies and the public sector pay an electricity tax of 15.41 øre ($0.015) per kilowatt-hour.” However, in some cases, the “mining industry has a reduced electricity tax." Open / Comment

2022-05-12 10:48:36 ​​Nvidia to pay $5.5M as part of SEC case concerning 'inadequate disclosures' around crypto mining.

"All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete and accurate," said Kristina Littman.

The United States Securities and Exchange Commission, or SEC, has announced that it has settled charges against Nvidia — the company behind graphics cards used by many crypto miners — in regards to “inadequate disclosures.”

In a Friday announcement, the SEC said that Nvidia failed to disclose that mining cryptocurrencies was “a significant element of its material revenue growth” based on sales of its graphics processing units, or GPUs, during the 2018 fiscal year. The company has agreed to pay a $5.5 million penalty and will be subject to a cease-and-desist order based on violations of the Securities Act of 1933 and disclosures required by the Securities Exchange Act of 1934.

According to the SEC, Nvidia reported growth in revenue around its gaming business in 2018, but also had information attributing this rise to crypto mining. The firm was required to report the connection “related to a volatile business,” and by not doing so was misleading investors by failing to disclose the demand for crypto mining.

“NVIDIA’s disclosure failures deprived investors of critical information to evaluate the company’s business in a key market,” said Kristina Littman, chief of the Crypto Assets and Cyber Unit of the SEC's Enforcement Division. “All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete and accurate.”

The action from the SEC’s crypto enforcement unit was the first since the government agency announced plans to expand its Cyber Unit — which includes the Crypto Assets Enforcement Division — by 20 people in an effort to better “police wrongdoing in the crypto markets.” The SEC reported in January that between 2013 and the end of 2021, it has brought 97 enforcement actions against participants in the digital asset marketplace, costing them roughly $2.35 billion in penalties. Open / Comment

2022-05-08 02:34:25 "The Crypto Mafia" will revolution the gaming by a new generation of play to earn game.

The first 100 eth of the mint will be allocated at the communication and the development of the game.

We got a launch program with 5 nft bought one airdrop for free.


Mint is live | 0.089 / NFT

Link to MINT:

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Discord:

https://discord.gg/E6zn46AXYR

Twitter:

https://twitter.com/thecryptomafia0

Instagram:

www.instagram.com/the_crypto_mafia

Telegram:

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Enjoy the mint and welcome on bord we are here to create a real holder program. Don't miss it! Open / Comment

2022-05-07 13:28:36 ​​Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem.

Bridges have become one of the largest points of failure in the crypto industry. Polkadot wants to do away with them.

Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks.

The newly launched XCM messaging system is intended to promote Polkadot’s multichain ecosystem, which is being built on the premise of full interoperability. XCM channels are said to be secured at the same level as Polkadot’s central hub, dubbed Relay Chain, and are also available for use by parachains. In other words, XCM will enable communication between parachains themselves as well as smart contracts.

Future iterations of XCM will allow messages to be sent between parachains without having to be stored on the Relay Chain, thereby improving scalability and eliminating governance processes for individual chains.

Bridge hacks have cost the cryptocurrency industry more than $1 billion over the past year, underscoring major security vulnerabilities of the new technology, according to data compiled by Chainalysis and reported by Bloomberg. Axie Infinity’s Ronin bridge exploit was perhaps the most infamous attack, with the perpetrators draining more than $600 million worth of digital assets in just two transactions.

Citing data from Dune Analytics, Bloomberg also reported that more than $21 billion is locked on Ethereum bridges as of March 30.

When asked about the biggest security flaws of bridges, Peter Mauric, public affairs head at Polkadot developer Parity Technologies, told Cointelegraph:

“Most bridges today rely on a few weak foundations, primarily over-reliance on centralized multisignature schemes, meaning they aren’t trustless or spaghetti smart contract code that opens users up to attack.”

He added that “communication between parachains on Polkadot avoid these pitfalls.”

When pressed about “interoperability” being a common industry buzzword without much application, Mauric explained that “real interoperability is the ability to trustless my compose applications across several chains, leveraging functions from each.” Open / Comment

2022-05-06 10:59:00 Meet the world's most spicy NFTs

NFTxCards is a blockchain-based stage where adult entertainers make computerized craftsmanship. It permits its clients to buy, sell and exchange restricted releases of advanced cards with adult star film entertainers and models. All content on NFTxCards is totally unique and selective.

In 2021, they became the first and only adult project on Binance with the successful listing of 2000+ NFTs.

On 18 May, NFTxCards is releasing unique collection “Muses of pleasure”. It contains 10 000 generated NFTs that promote the freedom of expression and sexuality

Every NFT is an ERC-721 token hosted on IPFS. Purchasing costs 0.069 ETH for whitelisted users.

Want to get into whitelist - join discord!

WEBSITE: https://bit.ly/3seKvIy
DISCORD: https://bit.ly/3sdgPeR
TELEGRAM: https://bit.ly/3kKszRK Open / Comment

2022-05-03 09:16:08 ​​​Stablecoin DEX Saddle Finance hacked for $10 million

Today, Saddle Finance, a decentralized exchange for trading stablecoins, was hacked using a DeFi exploit.

According to the network, an unknown hacker performed an exploit at 07:40 a.m. coordinated universal time and received about 3,540 ethers ($10 million).

Saddle Finance confirmed the incident, saying its team is investigating a "possible exploit."

The company BlockSec, which is engaged in the audit of smart contracts, was the first to notice the exploit and notified Saddle about it. BlockSec managed to save $3.8 million from exploiters with the help of an internal system that can detect and outrun hacking incidents using autonomous arbitration bots called flashbots.

"The project took about 4,900 ethers ($13.8 million). Of these, we saved 1,360 ethers ($ 3.8 million)," BlockSecTeam said on Twitter (the social network is blocked on the territory of the Russian Federation, belongs to Meta — the company is recognized as extremist on the territory of the Russian Federation).

However, the hacker escaped with more than $10 million in ETH from Saddle's liquidity pools. Saddle Finance reported that it is in the process of collecting $3.8 million from BlockSec. Open / Comment

2022-05-01 08:32:42 AXES METAVERSE CLOSED BETA — COMING SOON...

Unprecedented play-to-earn mechanics are waiting for you! Choose your favorite class of heroes and dive into one of the greatest mobile battle royale ever by Azur Games

3 game modes:

Axes: Battleground — large-scale royal battles
Axes: Team Tactics — a tactical role-playing game
Axes: Kingdom Wars — a multiplayer strategy

5 classes of NFT-playable heroes:
Knight, Barbarian, Rogue, Ranger, Mage

Trade heroes, mine crypto, join battles and win real money in the tournaments — everything is up to you!

Join now to be the first to know the start date https://t.me/+gkXCtUDxf5A1YjVi Open / Comment

2022-04-30 12:49:36 ​ MetaSyndicate Private Mint - Starts TODAY 30/04/2022

Website: https://metasyndicate.io/
Telegram: https://t.me/metasyndicate
Discord: https://discord.gg/metasyndicate
Twitter: https://twitter.com/meta_syndicate

Benefits of MINTING:
Private MINT: 0.1 ETH
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SYND Tokens Rewards for NFT Holders - Claim Daily


Get Whitelisted on Telegram or on Discord NOW Open / Comment

2022-04-30 06:30:18 OOF VIRTUAL TOUR is the FIRST Tour-to-earn Virtual Tourism Initiatives by LithosNFT

1444 Tourists will participate in the Virtual Tour of a yearly carnival to a UNESCO WORLD HERITAGE SITE.

Tourists have the chance to view the Festival from wherever they are as if they are physically present and also stand a chance TO EARN while they tour.

BENEFITS:
Monthly Raffle to win $1000

Exclusive Discord group

Raffle to win a trip of 2 for 4 nights to anywhere around the world covering air tickets, hotels and $2000 cash

OOFvt pass: $1550

GREAT NEWS



GET A WHITELIST
We are giving out 400 Limited Sacred Home Whitelist spot for the price of $500 for 3 days on Opensea starting from Monday 2nd May, 2022

EXCLUSIVE WL BENEFITS
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An holder of OOFvt pass has a chance to participate for a year

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A WHITELIST HOLDER HAVE A LIFETIME OOFvt pass

For more information and enquires about the link and the Whitelist join this group
https://t.me/+vn367EAEFkw4MDVk Open / Comment