Latest Updates

Chainalysis Valued at $8.6B Following $170M Round

  • The Series F round has more than doubled Chainalysis' valuation since last year, which is not surprising considering it has increased its customer base by 75%.
  • The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.
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  • The Series F round has more than doubled Chainalysis' valuation since last year, which is not surprising considering it has increased its customer base by 75%.
  • The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.

Latest Updates

KuCoin Raises $150M, Announces Web3 Expansion

  • KuCoin's $150 million pre-Series B funding round was led by Jump Crypto, and increased the valuation of the company to $10 billion.
  • KuCoin will use the funds to expand its product offerings, as well as build and invest into DeFi, GameFi, NFT, and crypto wallet platforms.

Meta to Start NFT Tests on Instagram This Week

  • Mark Zuckerberg revealed that Instagram will be the first app under Meta's control to start NFT tests, and that Facebook could soon see a similar functionality.
  • Meta's CEO also noted that the company was working on augmented reality NFTs, which will allow users to place their digital art into physical spaces.
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Gucci to Accept Crypto Payments in Select U.S. Stores

  • The crypto payment feature will be rolled-out in five Gucci stores, located in New York, Los Angeles, Miami, Atlanta, and Las Vegas, by the end of the month.
  • Gucci plans to accept 12 cryptocurrencies, namely BTC, ETH, wBTC, LTC, SHIB, DOGE, and five dollar-backed stablecoins.

FIFA Welcomes Algorand as Official Blockchain Sponsor

  • The blockchain has become the regional supporter in North American and Europe for the 2022 World Cup, and also the official sponsor of the Women's World Cup in 2023.
  • The partnership will see Algorand help FIFA further develop its digital asset strategy, and also provide it with an official wallet solution.

  • The blockchain has become the regional supporter in North American and Europe for the 2022 World Cup, and also the official sponsor of the Women's World Cup in 2023.
  • The partnership will see Algorand help FIFA further develop its digital asset strategy, and also provide it with an official wallet solution.
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Binance Blocks Accounts of Relatives of Russian Government Officials

  • The accounts of Elizaveta Peskova, daughter of spokesman Dmitry Peskov, Polina Kovaleva, stepdaughter of Sergei Lavrov, and Kirill Malofeev, son of oligarch Konstantin Malofeev, have already been closed.
  • Last week the exchange had also implemented new stricter rules for Russian users with crypto holdings of more than €10,000, following the latest sanctions on Moscow from the E.U.

Deus Finance Exploited for $13.4M in Flash Loan Attack

  • Blockchain security firm PeckShield noted the attacker used a $143 million flash loan to inflate the price of DEI, allowing him to steal $13.4 million from Deus Finance.
  • This is the second time in two months that a malicious entity had used a flash loan exploit to manipulate the price of digital assets on the DeFi platform.

Gibraltar to Combat Crypto Market Manipulation With New Rules

  • The legislation will implement new standards for crypto market integrity in Gibraltar, designed to combat insider trading and market manipulation in the sector.
  • DLT providers will now be required to seek out and prevent insider trading, and the publication of misleading information aimed at manipulating the crypto market.
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Fidelity to Offer BTC Exposure to 401(k) Savings Accounts

  • Once the change has been implemented, more than 23,000 U.S.-based companies could allow their employees to invest in BTC through their 401(k) retirement savings accounts.
  • Fidelity plans to release the new option later this year, allowing 401(k) account holders to invest up to 20% of their portfolio in BTC.

KuCoin Launches $100M NFT Creators Fund

  • The $100 million Creators Fund was launched by the company's venture arm, KuCoin Ventures, and its newly launched NFT marketplace, Windvane.
  • It will support a wide range of NFT projects, such as art, sports, profile pictures (PFPs), Asian culture, celebrities, GameFi, and others.

Beanstalk Farms Loses $182M Following Exploit

  • A flash loan allowed the attacker to obtain enough Beanstalk governance tokens to pass two proposals, enabling him to drain the protocol's funds.
  • The malicious entity was able to steal 24,830 ETH and 36 million BEAN tokens, which were then laundered through TornadoCash.

Editors' Picks

Wikipedia Bans Crypto Donations, Closes BitPay Account

  • The proposal to block crypto donations was made back in January, and a recent vote showed that 71% of the community supported the idea.
  • As part of the decision, the Wikimedia Foundation revealed it will be closing down its account with BitPay, its crypto payment service partner.
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Goldman Sachs Approves First BTC-Backed Loan

  • A Goldman Sachs spokesperson noted that the deal was particularly interesting because of its unique structure and 24/7 risk management.
  • The move comes at a time when Wall Street firms have started to increase their involvement in the crypto space.

Cuba’s Central Bank to License VASPs Starting May

  • The license will be available for individuals as well as organizations and will be valid for a year, though its validity can be extended for a second year.
  • VASPs that fail to comply with the new licensing regime will face penalties in line with existing banking rules and regulations.

Binance.US Acquires Money Transmitter License in Puerto Rico

  • With this license, Binance.US now operates in 45 states and seven territories of the U.S., moving it a step closer to its goal of providing services in all states and territories.
  • Binance.US CEO Brian Shroder noted that this license was important to the exchange, as Puerto Rico is a particularly important market for the growth of crypto.

Tornado Cash to Use Chainalysis to Block OFAC Sanctioned Addresses

  • Roman Semenov, co-founder of Tornado Cash, explained that the blockade only applies to the platform's frontend, and not the underlying smart contract.
  • The news came only a day after the Treasury Department alleged that North Korean hacker group Lazarus was connected to the $625 million Ronin bridge hack.

Guides

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How to Find The Best DeFi Pools For Your Assets

  • Investment opportunities in defi are innumerous, but finding the best hasn't been an easy task thus far.
  • Yield Samurai is a decentralized finance data aggregator that helps investors find the highest-yielding pools in a few clicks.

How to Explore Historical DeFi Data

  • Yield Samurai is a decentralized finance historical data aggregator.
  • It allows people to explore pool prospects on different platforms and apps to find the best place to earn interest on cryptoassets.

Impermanent Loss Explained With Examples & Math

  • Learn what impermanent loss is, how it manifests, and how to calculate it.
  • We use several examples and formulae for both standard and complex AMM-based pools to examine, explain, and plot impermanent loss.

How to Leverage Yield Farming on Alpha Homora – The Simple Guide

  • Learn how Alpha Homora works, how to open a leveraged position and earn more with the same amount of assets, and how to manage your positions.
  • We also explain how to choose a pool to leverage, the rules of leveraging on the platform, and how to calculate possible scenarios.

How to Farm QUICK on QuickSwap – The Simple Guide

  • This article will teach you how to take advantage of one of the most lucrative liquidity mining programs on the market right now, while saving money on transaction fees.
  • We will take you through the strange but fascinating world of multiple network bridges and AMM quirks so you can have a seamless experience using the Layer-2 based exchange.

Opinion

The New COVID Variant and Market Reactions – What Does it Mean for Bitcoin

  • A typical store of value would outperform riskier assets during moments of recession fears. Bitcoin has historically done the opposite.
  • Given the performance of cryptocurrencies during fearful markets, their place in a portfolio is the one for high-risk, high-reward assets.

The Rise of Bancor

  • The exchange was the first to prove the feasibility of AMM, but has since struggled to compete with other DeFi platforms.
  • However, through the introduction of several smart features and innovations, notably single-sided exposure, Bancor is surging among the DeFi ranks.

The Blockchain-Enabled Elections Of The Future

  • We now have the technology to immutably store and process data in a trustless environment, yet we still resort to paper ballots as the fundamental ingredient for elections.
  • In a blockchain-enabled future, voting will be as simple as withdrawing money from an ATM, and processing election results will be finished in minutes.

Opinion: How Will Crypto Markets React To The Second Wave Of COVID-19?

  • As several countries have already entered the second period of lockdown, many parts of the world are bracing for a long winter of isolation.
  • How will this affect crypto markets this time around, and how will it differ from the first lockdown?

Opinion: Why The $100,000 Harvest Finance Bounty Is Absurd

  • Only if we put ourselves in the shoes of the attacker can we find a possible angle of negotiation in a bid to recover more from the 13 million USDC and 11 million USDT that were profited from the arbitrage scheme.
  • Although the Harvest Finance team has acted responsibly in the face of an unprecedented-to-the-project crisis, their bounty reward initiative is naive.

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