Chainlink’s dynamic NFTs
The Chainlink project announced that it will soon launch dynamic NFTs (dNFTs). These NFTs can update some of their metadata while retaining their unique identifiers.
Justin Sun’s thoughts
Justin Sun, co-founder of the Huobi exchange, expressed his delight at China’s decision to levy a tax on cryptocurrency transactions. He believes that this is a sure sign that China is ready to accept the existence of digital assets and ease the pressure on crypto projects. Even the fact that fiscal authorities require crypto-markets to register users who invest in cryptocurrencies did not dim his joy. At the same time, he claims that Huobi is registered in the Seychelles and thus is not required to provide customer information. And Justin Sun dreams that the TRON blockchain will be adopted in China at the national level. What else is there to say? Justin Sun is like Jean-Claude Van Damme, but for crypto.
Is the perfect storm coming for Aptos?
Aptos development team wallet transferred over 1 million APT (~$20 million) from the main wallet to the Binance exchange. More than 1/3 of the total APT supply ($985 million) remains in the wallet. If these coins will hit the market, the APT price may undergo a significant correction. Although APT attracted a lot of attention with a sharp price increase of more than 450% in a month, one should always keep in mind the project is too centralized: 97% of the total supply is held by only 20 wallets. Thus, the price can be easily manipulated.
A scam with the Shiba Inu giveaway was exposed on Reddit
To allegedly receive free SHIBs, users were asked to follow a phishing link. After that, scammers connected to the victim’s crypto wallet and withdrew all funds. Suspicions arose in the r/CryptoCurrency subreddit. Community members began spreading information about phishing so that others won’t become scam victims. They called it the biggest scam ever to hit Reddit. If you have already clicked on such a link, urgently move your coins and tokens to another wallet. And remember, if a deal looks too good to be true, you’re probably in the thick of it.
SBF relatives do not cooperate with the investigation
In their search for bankrupt FTX clients’ money, lawyers want to cross-examine SBF’s mother and brother. It is already known that the businessman’s parents lived in a house in the Bahamas worth $16.4 million, which was the property of a crypto exchange. And the SBF’s brother bought a multi-million dollar property near United States Capital (probably with the FTX clients’ money). Negotiations with the SBF’s father are ongoing. Perhaps the court will be able to get the truth at least from the suspect’s father.
Moonbirds creator Kevin Rose hacked
Rose lost 40 rare NFTs worth over $1.1 million in a phishing attack. Kevin personally reported the hack on Twitter and asked his followers to avoid buying any Autoglyph and Chromie Squiggles. PROOF Vice President of Engineering Arran Schlosberg detailed the fraudulent scheme. According to him, “the technical aspect of the hack was limited to crafting signatures accepted by OpenSea’s marketplace contract.” They immediately used theft prevention tool Revoke Cash, but it was too late. PROOF stressed that users’ assets were not affected, since the vast majority of assets require multiple approvals for access.
Pedigree enters Decentraland to rescue homeless dogs
Pedigree created a virtual shelter with 3D avatars of dogs who live in real-life shelters. Users can now bring a dog avatar into their virtual home and try to coexist with it. Additionally, interactive pets need to be fed, taken for walks, and they even know how to destroy things. They also resemble their prototypes quite closely. The Pedigree team is confident that this will help real dogs find families. Adoptions are available to Metaverse users at Pedigree.com/Fosterverse. The Metaverse visitors also have the opportunity to donate in support of homeless dogs.
UK Treasury is looking for a cryptohead!
They announced a new job on LinkedIn: “Head of Central Bank Digital Currency.” “The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a U.K. central bank digital currency (CBDC),” reads the post. The Bank of England (BoE) had previously stated that the FTX collapse proved the need for a digital pound.
Genesis wipes away creditors’ tears
At Genesis’ first bankruptcy hearing, the company’s lawyer expressed confidence that it would resolve its disputes with creditors by the end of the week. Genesis plans to exit the bankruptcy in 4 months from now. The company plans to pay employees and vendors first, and then to auction off its assets to pay creditors by May. A simple calculation of the math shows that Genesis holds $5 billion in assets and liabilities, while its debt estimates to $3.4 billion.
Another reason to raise our glasses
9 years ago, Vitalik Buterin presented his Ethereum smart contract platform to the world. He officially announced his invention on BitcoinTalk Forum with a post titled “Welcome to the New Beginning!” It’s not an anniversary date, so let’s do without flowers and applause. But one thing that we would like to mention is that everyone who made their first steps at that time became most powerful people in crypto. With its roots in the Ethereum team, crypto mafia has spread across the world: – Charles Hoskinson launched Cardano in 2017. – Anthony Di Iorio launched Decentral Inc. and the Jaxx wallet – Joseph Lubin launched ConsenSys – Gavin Wood created Polkadot and developed the Solidity smart contract language. Our congratulations on these achievements, Vitalik!
Bankrupt BlockFi is trying to sell $160 million worth of loans
Loans were issued against mining equipment. The creditor has about 68,000 of them, as of today. The company started selling last year. Unfortunately, some loans have already been declared default. The average price of BlockFi’s credit ASIC miner is $2,350 and ASIC’s current market value is $1,400. The total companies’ debt to the industry in similar loans is estimated at $4 billion. Apart from BlockFi, loans were also issued to NYDIG, Celsius Network, Foundry, Babel Finance, and Galaxy Digital.
What else can the European Parliament give the cryptocurrency bes
Yes, they tighten the requirements and the nuts again. As of right now, European banks are required to view cryptocurrencies as the riskiest asset class. Today, the relevant EU parliamentary committee approved such an initiative. As a result, banks will actually need to hold EUR 1 in equity for every EUR they hold in cryptocurrencies. The MEPs explained that similar capital requirements will help prevent the crypto world’s insecurity from spreading to the financial system. However, it was offensive. Which of the worlds is more unstable needs to be determined, though. But our arbiter is time. It will reveal everything.
A desktop picture for $12,000,000
This day 12 years ago was marked as the first attempt to use Bitcoin as a payment mean. The author of the ad wanted to sell a 1280×960 resolution picture for 500 BTC that he said would look great as a desktop background. At that time 500 BTC worth $1. Today it is almost $12,000,000,000. As we know, no one was ever interested in this offer. Crypto folks decided to spend their BTC on pizzas.
1 billion TON coins might be frozen
Next month, The Open Network validators plan to vote on freezing 195 inactive addresses. These addresses hold more than 1 billion TON coins, which amounts to $2.5 billion USD. If this decision is made, the blocking will last for 4 years and the owners of these wallets will not be able to make any transactions during this period. A forced hold for long-term holders? It’s interesting, but short term holders could definitely use some freezing!
ECB: “The digital euro will not be programmable”
Fabio Panetta, a member of the board of the European Central Bank, said that the digital euro does not involve the ability to set limits on how funds can be spent. This is one of the main concerns in society regarding the proliferation of Central Bank Digital Currencies (CBDCs), since today’s technology will allow it to happen. Well, we’d like to believe… But today it’s one thing, and tomorrow another.
— Honey, I’m not an alcoholic, I’m a virtual sommelier!
Welcome another legend to the crypto family! Irish Distillers Int’l, the company behind Jameson whiskey, has registered a metaverse trademark! Based on the application, it can be concluded that the iconic manufacturer plans to sell virtual alcohol, items and accessories, NFT trading software, and maybe even create a marketplace and a virtual bar! Go, go, Jameson! We do not know exactly how all this will look, but every brand like this plays into the hands of mass adoption.
Microsoft is investing $10 billion in OpenAI
Today, Microsoft Corporation announced the third stage of a long-term partnership with OpenAI, the company behind ChatGPT. The total investment is 10 billion dollars. ChatGPT is an artificial intelligence chat that is rumored to be able to replace professional writers and do homework for students. Now we are waiting for ChatGPT to replace the woeful market traders
Coinbase expands partnership with Borussia Dortmund
The agreement, which turned the crypto exchange into a Premium Partner of the Bundesliga club, will last until the end of June 2023. Under the new terms, Coinbase will promote its products and services at Signal-Iduna-Park (the club’s home stadium) and provide crypto-educational programs for team members. The numbers of the deal are not disclosed. But it is not that important. After all, we are still Barcelona’s fans.
Another insider trading charge against Binance?
Conor Grogan, Head of Product Business Operations at Coinbase, called attention to dubious transactions carried out by anonymous wallets that were purchasing tokens minutes before Binance listing announcements and selling them during the pump. The purchase of Rar, ERN, TORN, and RAMP tokens are examples of such transactions. A $100,000 to $900,000 worth of transactions were made. The “trader” earned several million dollars over the course of several transactions. Grogan speculated that it could be either a rogue employee or a trader who might have access to the losing API. Editors’ note: don’t make it up! Ukrainian deputy Oleh Liashko won the lottery three times and took home the grand prize each time. It’s just luck, a strong instinct, and a desire for victory!
Elliott invests billions of dollars in Salesforce
One of America’s largest hedge funds, Elliott Management, has made a multibillion-dollar investment in software giant Salesforce. “We look forward to working constructively with Salesforce to realize the value befitting a company of its stature,” said Elliott Managing Partner Jesse Cohn, who has previously served on the boards of such companies as Citrix, eBay Inc., and Twitter. Last year, Salesforce announced the launch of its NFT Cloud platform. In 2019, the developer marketed its own blockchain development tool.
Stellar gets voting rights at the CFTC
The Stellar Development Foundation has announced that it joins an advisory committee of the U.S. Commodity Futures Trading Commission. Blockchain company Stellar will join representatives of traditional financial markets such as J.P. Morgan, Goldman Sachs, and BlackRock and get a say in institutional-level issues. SDF representatives noted that they will primarily focus on the use of Layer 1 protocols in government agencies and bank transfers in stablecoins.
Shanghai Fork will usher in a new era of staking for Coinbase
Ethereum supporters are looking forward to the upcoming crypto spring. Another network update, dubbed Shanghai Fork, is scheduled for March. Shanghai Fork will allow users to access the funds locked into the Ethereum Beacon Chain. Depositors will be able to participate in validating transactions and earn newly-created Ethereum. J.P. Morgan believes Shanghai Fork will be a pleasant surprise for Coinbase as well. It estimates that up to 95% of retail investors of this crypto exchange will be able to participate in Ethereum staking after the update. The matter is that Coinbase may get additional revenue of about $225-$545 million per year.
WARNING: Fake Aidrop!
Just 24 hours after FTX’s new CEO, John Ray, announced that the platform could be revived, fraudsters created a fake FTX 2.0 token. The FTX2.0 scam token is being actively spread among the registered users’ wallets, including Justin Sun, KuCoin, and Binance. Security firm PeckShield reported that the smart contract of FTX 2.0 has a backdoor that allows hackers to steal funds from users’ accounts. To participate in the “new airdrop” the users are encouraged to click on a phishing link. But the worst part is that the token’s code allows buying the coin, but prohibits it from being sold. That’s why its price has quickly rocketed, causing a wave of FOMO among FTX customers.
Genesis cashed out right before the bankruptcy
Chainalysis investigators claim that a few hours before the announcement of bankruptcy, funds totaling about $155 million were withdrawn from the Genesis exchange: – 50,000 ETH to Coinbase – 20,000 ETH to Bitstamp – 5,000 ETH and 3.9 million USDT to Kraken – 7.7M FTM to Binance – 36 million USDT to an unknown wallet Some analysts speculate that this could be a partial repayment of Genesis’ debt to creditors. Of course, it is the case! That’s exactly what all bankrupts do before filing for bankruptcy.
The market downfall is over?
James Gorman, CEO of Morgan Stanley, said that the world economy has come out of its peak. Positive changes were influenced by two factors: – inflation in the USA has reached maximum levels – relations between USA and China began to improve Gorman believes that China and the United States have finally agreed: instead of redistributing the world’s prosperity among themselves, they have moved to the desire to increase it so that everyone gets more. Gorman also suggested that the Fed will not raise rates above 25 basis points next month. The crypto market seems to agree.
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