Latest Updates

Crypto.com Refunds Users After 483 Accounts Were Hacked

  • According to the company, the hacker stole "4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies" from 483 accounts.
  • In order to prevent future attacks, Crypto.com has implemented a new layer of security called "Worldwide Account Protection Program (WAPP)".
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  • According to the company, the hacker stole "4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies" from 483 accounts.
  • In order to prevent future attacks, Crypto.com has implemented a new layer of security called "Worldwide Account Protection Program (WAPP)".

Latest Updates

Meta Reportedly Working on NFT Integration for Facebook and Instagram

  • "Several people familiar with the matter" have said that teams from Facebook and Instagram were working on the new NFT system.
  • The sources also revealed that Meta was considering the launch of a brand new NFT marketplace.

Gemini Announces Prime Services With Omniex Acquisition

  • The acquisition of Omniex was the second one this year, with Gemini acquiring digital asset management startup Bitria last week.
  • The company also revealed the launch of Gemini Prime, which will attract institutional investors by providing access to multiple exchanges and OTC liquidity.
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Opera Launches New Web3 Browser

  • The new Opera browser was designed to improve the user experience when browsing decentralized apps, games, and metaverse platforms.
  • A new non-custodial wallet will be at the core of the new Opera experience, allowing users to access their crypto and dApps without extensions.

Animoca Brands Doubles Valuation to $5B

  • The $359 million funding round will help Animoca Brands fuel new acquisitions and investments, product development, and licenses for popular intellectual properties.
  • The company has more than doubled its valuation with this funding round, considering it raised $65 million at a $2.2 billion valuation last October.

  • The $359 million funding round will help Animoca Brands fuel new acquisitions and investments, product development, and licenses for popular intellectual properties.
  • The company has more than doubled its valuation with this funding round, considering it raised $65 million at a $2.2 billion valuation last October.
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Binance Eyes Thailand Expansion, Auto-Burns 1.7M BNB

  • The partnership with Gulf Energy will allow Binance to expand to Thailand, and help with the country's digital economy infrastructure development.
  • The exchange also announced the completion of its first-ever BNB auto-burn, which removed 1.7 million BNB from existence.

Swiss Central Bank Completes Wholesale CBDC Trial

  • The second phase of Project Helvetia was conducted in partnership with the Bank of International Settlements, the Swiss National Bank, and the SIX Digital Exchange.
  • Completed in the fourth quarter of 2021, the tests saw a wholesale CBDC being integrated into the systems of Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg, and UBS banks.

SEBA Bank Closes $119M Series C

  • The funding round saw participation from notable investors such as Alameda Research, FTX exchange, DeFi Technologies, and others.
  • SEBA now plans to fund its international expansion, invest in new products, and grow its team in "new priority markets".
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TaxBit Network to Offer Free Crypto Tax Forms

  • Users of participating platforms will be able to use the TaxBit ecosystem to generate their transaction history data for free when filing taxes.
  • More than 500 platforms have decided to participate in the TaxBit Network, amongst which are PayPal, Binance.US, Coinbase, FTX.US, Gemini, and more.

Sports NFT Platform Lympo Hacked for $18M

  • The hacker got away with 165.2 million of the project's LMT tokens, which fell in price by 92% after the accident.
  • Lympo's team removed LMT from various liquidity pools shortly after the incident, and is currently working on a plan to remedy the situation.

Binance CEO Reportedly Worth $96B

  • This is the first time Changpeng Zhao has had his wealth estimated by the Bloomberg Billionaires Index.
  • The figure does not include Zhao's personal crypto holdings, and would rank him 11th among the world's richest people.

Editors' Picks

Tesla Enables DOGE Payments

  • A month after Elon Musk revealed Tesla's plans for DOGE, the electric car company added the cryptocurrency as a payment option for its merchandise.
  • Sales made with the meme coin will be considered final, and the items "cannot be returned, exchanged, or canceled".
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Visa Survey Shows Quarter of SMBs to Accept Crypto Payments in 2022

  • The "Visa Global Back to Business Study – 2022 SMB Outlook" revealed that 73% of small businesses thought new digital payments were important to their growth.
  • 24% are already planning to accept crypto as payments, while 82% said they would implement "some" form of digital payments in 2022.

Samsung Opens Virtual Store in Decentraland

  • "Samsung 837X" will be a digital version of a real world iconic store located at 837 Washington Street in New York City.
  • It will be available on Decentraland only for a limited time, but Samsung will continue to look for platforms on which to launch a similar store.

Aave Launches Institutional DeFi Service Aave Arc

  • Aave Arc is a permissioned liquidity pool specifically designed for institutions to maintain regulatory compliance in the DeFi space.
  • Fireblocks, which was chosen as the first whitelister for the platform, has already approved 30 institutions to participate in Aave Arc.

Grim Finance Suffers Reentrancy Attack, Loses $30M

  • The hacker made five deposits into the vault while the first was being processed by exploiting the protocol's vault contract.
  • The project quickly paused its vaults, but not before the attacker stole around $30 million worth of digital assets, causing Grim Finance's TVL to fall to $4 million.

Guides

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How to Explore Historical DeFi Data

  • DeFi Watch 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 DeFi.

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.

How to Optimise APY For Liquidity Mining Rewards

  • Users tend to blindly trust the APY calculations of the liquidity mining programs, despite the fact that they are typically flawed.
  • Knowing how compound interest works, how often to sell given your stake, and how to hunt for low gas fees are all invaluable skills we will look at.

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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