🔥 Centrifuge wins Polkadot’s eighth Parachain slot auction with $98.8M secured
Centrifuge, a decentralized and asset lending protocol wins Polkadot's eighth parachain slot auction securing around $98.8M from over 15k network stakeholders.
The network will be onboarded at block #9,388,800 at the beginning of lease 7 with the other winners from auctions 6-11.
Centrifuge network provides access to fast, cheap capital for small businesses and stable yield for investors.
https://twitter.com/Polkadot/status/1486739406560059398?t=n1hSai7FWwC7rKeQGc9dLA&s=19
Centrifuge, a decentralized and asset lending protocol wins Polkadot's eighth parachain slot auction securing around $98.8M from over 15k network stakeholders.
The network will be onboarded at block #9,388,800 at the beginning of lease 7 with the other winners from auctions 6-11.
Centrifuge network provides access to fast, cheap capital for small businesses and stable yield for investors.
https://twitter.com/Polkadot/status/1486739406560059398?t=n1hSai7FWwC7rKeQGc9dLA&s=19
Twitter
Polkadot
Congratulations to @centrifuge on winning Polkadot's eighth auction! Centrifuge will be onboarded at block #9,388,800 [roughly March 11,2022] at the beginning of lease 7 with the other winners from auctions 6-11. Over 15K network stakeholders locked up DOT…
he Sandbox Partners with Warner Music Group to Create a Music-themed World
With this partnership, Warner Music Group (WMG), one of the world’s biggest music companies, marks its first steps into the NFT and metaverse realm. To mark the occasion, The Sandbox will hold a LAND sale at a later date, which will allow music fans to buy coveted LANDS adjacent to the WMG property.
👉 medium.com/sandbox-game/the-sandbox-partners-with-warner-music-group-to-create-a-music-themed-world-in-the-metaverse-e3d0853eee7d
With this partnership, Warner Music Group (WMG), one of the world’s biggest music companies, marks its first steps into the NFT and metaverse realm. To mark the occasion, The Sandbox will hold a LAND sale at a later date, which will allow music fans to buy coveted LANDS adjacent to the WMG property.
👉 medium.com/sandbox-game/the-sandbox-partners-with-warner-music-group-to-create-a-music-themed-world-in-the-metaverse-e3d0853eee7d
Medium
The Sandbox Partners with Warner Music Group to Create a Music-themed World in the Metaverse
The Sandbox Metaverse is about to become more musical.
If you thought these early phases of the NFT bull run was insane, wait until NFT tokens for the pfp projects come out
Tokens catalyze:
1. Wealth effect
2. New capital inflow from those looking for NFT exposure
Capital inflows will be unlocked from
1. Institutional investors uncomfortable with investing directly into NFTs, but more comfortable with tokens
2. Retail that can't afford top tier PFP NFTs but are fans of the project
https://twitter.com/rewkang/status/1487872688303583241?s=21
Tokens catalyze:
1. Wealth effect
2. New capital inflow from those looking for NFT exposure
Capital inflows will be unlocked from
1. Institutional investors uncomfortable with investing directly into NFTs, but more comfortable with tokens
2. Retail that can't afford top tier PFP NFTs but are fans of the project
https://twitter.com/rewkang/status/1487872688303583241?s=21
Twitter
Andrew Kang (¤, ¤)
If you thought these early phases of the NFT bull run was insane, wait until NFT tokens for the pfp projects come out Tokens catalyze: 1. Wealth effect 2. New capital inflow from those looking for NFT exposure
The first Cross-Chain governance proposal is approved on Aave 🚀
Aave, a DeFi borrowing and lending platform, passed the first cross-chain governance proposal.
The total value locked on Aave is estimated to be around $12 billion.
An executed proposition on Aave, which is based on the Ethereum network, was delivered to the Polygon FxPortal, according to its developers.
The method then reads the Ethereum data and sends it to the Polygon network for validation.
https://twitter.com/AaveAave/status/1488277649235791874?t=b5vYLLPSVdTnq2s-TeOchA&s=19
Aave, a DeFi borrowing and lending platform, passed the first cross-chain governance proposal.
The total value locked on Aave is estimated to be around $12 billion.
An executed proposition on Aave, which is based on the Ethereum network, was delivered to the Polygon FxPortal, according to its developers.
The method then reads the Ethereum data and sends it to the Polygon network for validation.
https://twitter.com/AaveAave/status/1488277649235791874?t=b5vYLLPSVdTnq2s-TeOchA&s=19
Twitter
Aave
1/ The first cross-chain governance proposal has successfully updated the Aave Polygon Market! This proposal from @aavegotchi is a major step forward in multi-chain governance systems👻✨🚀 New assets listed include GHST, BAL, CRV, DPI, LINK, & SUSHI A thread…
🔥 Monster Galaxy to launch the new staking portal 🚀
Monster Galaxy, a creature taming & battling game is all set to launch its new staking portal for the Galaxy Gem token $GGM.
⏰ Date: 6th February at 1 PM PST
The program will allow users to earn interest on their holdings by locking them for a predefined period.
$GGM tokens are used within the Monster Galaxy P2E universe, mainly as an in-game currency for purchasing Mogas, weapons, consumables, tools and loot boxes.
Monster Galaxy, a creature taming & battling game is all set to launch its new staking portal for the Galaxy Gem token $GGM.
⏰ Date: 6th February at 1 PM PST
The program will allow users to earn interest on their holdings by locking them for a predefined period.
$GGM tokens are used within the Monster Galaxy P2E universe, mainly as an in-game currency for purchasing Mogas, weapons, consumables, tools and loot boxes.
GameStop launches NFT marketplace on Immutable X
GameStop is partnering with Immutable X for the launch of its non-fungible token (NFT) marketplace.
The retail gaming staple is taking a carbon-neutral swing at Web 3 with no shortage of bankroll.
Both platforms will also be creating an up-to-$100-million fund dedicated to providing grants to game developers and studios to build on Immutable X and the NFT marketplace.
GameStop believes that building on the Immutable X protocol will enable faster, more affordable, carbon-neutral, and nearly limitless transactions on GameStop’s NFT marketplace, which is being built for launching gaming developer-focused NFT projects.
GameStop is partnering with Immutable X for the launch of its non-fungible token (NFT) marketplace.
The retail gaming staple is taking a carbon-neutral swing at Web 3 with no shortage of bankroll.
Both platforms will also be creating an up-to-$100-million fund dedicated to providing grants to game developers and studios to build on Immutable X and the NFT marketplace.
GameStop believes that building on the Immutable X protocol will enable faster, more affordable, carbon-neutral, and nearly limitless transactions on GameStop’s NFT marketplace, which is being built for launching gaming developer-focused NFT projects.
Sequoia leads a $450 million investment in Polygon blockchain🚀
Sequoia Capital India led a $450 million investment in Polygon, a blockchain network that serves as a support layer to Ethereum.
Polygon eventually wants to become a decentralized version of Amazon Web Services. It’s part of a movement in crypto known as Web3.
Hype around Web3 has attracted some of the biggest names in venture capital, including Andreessen Horowitz and Tiger Global.
https://www.cnbc.com/2022/02/07/sequoia-leads-400-million-investment-in-crypto-project-polygon.html
Sequoia Capital India led a $450 million investment in Polygon, a blockchain network that serves as a support layer to Ethereum.
Polygon eventually wants to become a decentralized version of Amazon Web Services. It’s part of a movement in crypto known as Web3.
Hype around Web3 has attracted some of the biggest names in venture capital, including Andreessen Horowitz and Tiger Global.
https://www.cnbc.com/2022/02/07/sequoia-leads-400-million-investment-in-crypto-project-polygon.html
CNBC
Sequoia makes a big bet on Web3, leading $450 million investment in Polygon blockchain
Hype around Web3 has attracted some of the biggest names in venture capital, including Andreessen Horowitz and Tiger Global.
🇭🇺 Hungary’s Central Bank head calls on EU to ban Crypto Mining and Trading
The chief of Hungary’s national bank said he supports banning crypto trading and mining in the European Union (EU) because it could service illegal activities and tend to build up financial pyramids.
Bank's governor György Matolcsy also said he backs the senior EU financial regulator's point that the EU should ban the mining method used to produce most new bitcoin.
Matolcsy proposed instead that EU citizens and companies would be allowed to own cryptocurrencies outside the EU and regulators would track their holdings.
The chief of Hungary’s national bank said he supports banning crypto trading and mining in the European Union (EU) because it could service illegal activities and tend to build up financial pyramids.
Bank's governor György Matolcsy also said he backs the senior EU financial regulator's point that the EU should ban the mining method used to produce most new bitcoin.
Matolcsy proposed instead that EU citizens and companies would be allowed to own cryptocurrencies outside the EU and regulators would track their holdings.
🔥 Monsterra to soon launch its Community Testnet 🚀
Monsterra, a dual-chain free-to-play-to-earn game running on both BSC and Terra networks will soon launch its community Testnet which already received many positive feedbacks.
Dev Team still supports 24/7 with players to perfect the game to bring the best experience.
Users can enjoy all the perks of both the Terra and BSC platform and can earn before spending with the revolutionary fun-profitable & Least Investment.
https://twitter.com/Monsterra_P2E/status/1493178213052391428?s=20&t=xq9wxCSjlZ6CtxbtN2rH2A
Monsterra, a dual-chain free-to-play-to-earn game running on both BSC and Terra networks will soon launch its community Testnet which already received many positive feedbacks.
Dev Team still supports 24/7 with players to perfect the game to bring the best experience.
Users can enjoy all the perks of both the Terra and BSC platform and can earn before spending with the revolutionary fun-profitable & Least Investment.
https://twitter.com/Monsterra_P2E/status/1493178213052391428?s=20&t=xq9wxCSjlZ6CtxbtN2rH2A
Twitter
Monsterra NFT Game
🔥 What's to Expect in #Monsterra Game #Testnet? 🚀We're thrilled to receive many positive feedback about our Testnet. Dev Team still supports 24/7 with players to perfect the game to bring the best experience 💪Community Testnet COMING SOON. Stay tuned & Follow…
🔥 Warren Buffett invests $1B in Bitcoin-friendly neobank 🚀
Warren Buffett's Berkshire Hathaway invests in Nubank, the largest fintech bank in Brazil, dumping a portion of its Visa and Mastercard holdings.
The industrial conglomerate has purchased $1 billion worth of Nubank Class A stock in Q4/2021.
On the other hand, it sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock, respectively, signalling a shift away from credit companies to gain exposure in their fintech rivals.
Buffett's "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
Warren Buffett's Berkshire Hathaway invests in Nubank, the largest fintech bank in Brazil, dumping a portion of its Visa and Mastercard holdings.
The industrial conglomerate has purchased $1 billion worth of Nubank Class A stock in Q4/2021.
On the other hand, it sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock, respectively, signalling a shift away from credit companies to gain exposure in their fintech rivals.
Buffett's "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
The mathematical risk/reward of selling here is horrible.
The emotional risk/reward of selling here could be huge.
Good trades have asymmetry: the reward if you win should be many multiples of what you risk losing.
For example, buying ETH at $2k if you think it's going to $20k is great - a R/R of 1:9 - assuming you never sell at a loss. You win 9 times what you risk losing.
https://twitter.com/tradebutwhy/status/1495605712713809931?s=21
The emotional risk/reward of selling here could be huge.
Good trades have asymmetry: the reward if you win should be many multiples of what you risk losing.
For example, buying ETH at $2k if you think it's going to $20k is great - a R/R of 1:9 - assuming you never sell at a loss. You win 9 times what you risk losing.
https://twitter.com/tradebutwhy/status/1495605712713809931?s=21
Twitter
TradeButWhy
The mathematical risk/reward of selling here is horrible. The emotional risk/reward of selling here could be huge. Let me explain... /1
ETH market faces $500 million liquidation if price drops below $2,100
An automatic liquidation of $500 million in ether (ETH) could occur on-chain if its price falls below $2,100, causing a Maker vault holder's position to become under-collateralized and putting further downward pressure on the second-biggest cryptocurrency.
An automatic liquidation of $500 million in ether (ETH) could occur on-chain if its price falls below $2,100, causing a Maker vault holder's position to become under-collateralized and putting further downward pressure on the second-biggest cryptocurrency.
🇰🇷 South Korea to invest $187M in national Metaverse
South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country.
The Ministry said that funds will be spent on completing four main objectives in creating what appears to be an all-encompassing Metaverse ecosystem titled the Expanded Virtual World.
The government agency intends on using its Metaverse as a platform for expanding the virtual industrial growth of cities, education, and media.
The Ministry said that it will host community-oriented creative activities, a Metaverse developer contest, and a hackathon.
South Korea’s Ministry of ICT, Science, and Future Planning pledged 223.7 billion KRW ($186.7 million) to create a broad Metaverse ecosystem to support the growth of digital content and corporate growth within the country.
The Ministry said that funds will be spent on completing four main objectives in creating what appears to be an all-encompassing Metaverse ecosystem titled the Expanded Virtual World.
The government agency intends on using its Metaverse as a platform for expanding the virtual industrial growth of cities, education, and media.
The Ministry said that it will host community-oriented creative activities, a Metaverse developer contest, and a hackathon.
🔔 $516.3 Billion in BTC held by the wallets after recent accumulation
Bitcoin investors who bought their crypto more than a year ago keep accumulating, thus increasing their holdings over the last 30 days.The increase comprises 4.13%.
These wallets now store 11.78 million of the leading digital crypto, which is worth $516,369,232,000.
On March 1, Bitcoin managed to add another 3.7% to the gains printed a day earlier.
Bitcoin investors who bought their crypto more than a year ago keep accumulating, thus increasing their holdings over the last 30 days.The increase comprises 4.13%.
These wallets now store 11.78 million of the leading digital crypto, which is worth $516,369,232,000.
On March 1, Bitcoin managed to add another 3.7% to the gains printed a day earlier.
🚨 Treasure DAO exploited leading to 100+ NFTs stolen from different collections ❌
Treasure DAO, a decentralized NFT ecosystem has recently been exploited in a series of txs, leading to 100+ NFTs stolen from several collections of Treasure Marketplace.
The exploit was done by putting valid NFT token and NFT ID, but w/ invalid ZERO quantity.
The hack is made possible due to a bug in distinguishing ERC721 and ERC1155 in buyItem, which miscalculates the price of ERC721 as ERC1155 with the given 0 quantity.
https://twitter.com/peckshield/status/1499250224455245825?s=21
Treasure DAO, a decentralized NFT ecosystem has recently been exploited in a series of txs, leading to 100+ NFTs stolen from several collections of Treasure Marketplace.
The exploit was done by putting valid NFT token and NFT ID, but w/ invalid ZERO quantity.
The hack is made possible due to a bug in distinguishing ERC721 and ERC1155 in buyItem, which miscalculates the price of ERC721 as ERC1155 with the given 0 quantity.
https://twitter.com/peckshield/status/1499250224455245825?s=21
Twitter
PeckShield Inc.
1/ The @Treasure_DAO was exploited in a series of txs (one hack tx: arbiscan.io/tx/0x37222d3ad…), leading to 100+ NFTs stolen from several collections of Treasure Marketplace.
Avalanche Foundation announces $290M for "Multiverse" Program 🚀
The Avalanche Foundation announced the Avalanche Multiverse today.
The Avalanche Multiverse is a $290 million incentive program seeking to spur its new subnet-driven ecosystem.
The program aims to fund projects in the Web3 gaming space, DeFi, NFTs, as well as facilitating institutional usage.
https://twitter.com/avalancheavax/status/1501217040752910336?s=20&t=FnNQNhHKlvupKLC1M7G6Yw
The Avalanche Foundation announced the Avalanche Multiverse today.
The Avalanche Multiverse is a $290 million incentive program seeking to spur its new subnet-driven ecosystem.
The program aims to fund projects in the Web3 gaming space, DeFi, NFTs, as well as facilitating institutional usage.
https://twitter.com/avalancheavax/status/1501217040752910336?s=20&t=FnNQNhHKlvupKLC1M7G6Yw
Twitter
Avalanche 🔺
Introducing Avalanche Multiverse, an up to $290M incentive program focused on accelerating the adoption and growth of Subnets. Multiverse is focused on supporting new ecosystems, including blockchain-enabled gaming, DeFi, NFTs and institutional use cases.…
30k BTC transferred from Coinbase to an unknown wallet
A total of 29,611 Bitcoins were recently transferred from Coinbase to an unknown wallet.
The exchange took place in three transactions first of 9,867 BTC worth 391,721,155 USD, second 9,901 BTC worth 393,077,696 USD and third of 9,843 BTC worth 380,782,938 USD.
https://twitter.com/whale_alert/status/1502075149302087687?t=sY62uLYd6PXXByUD4OPmww&s=19
A total of 29,611 Bitcoins were recently transferred from Coinbase to an unknown wallet.
The exchange took place in three transactions first of 9,867 BTC worth 391,721,155 USD, second 9,901 BTC worth 393,077,696 USD and third of 9,843 BTC worth 380,782,938 USD.
https://twitter.com/whale_alert/status/1502075149302087687?t=sY62uLYd6PXXByUD4OPmww&s=19
Twitter
Whale Alert
🚨 🚨🚨 🚨🚨 🚨🚨 🚨🚨 🚨 9,867 #BTC (391,721,155 USD) transferred from #Coinbase to unknown wallet whale-alert.io/transaction/bi…
Coinbase introduces Coinbase Pay to fund their wallets
Coinbase has introduced Coinbase Pay, the easiest way for Coinbase users to fund their Coinbase Wallet from the Chrome browser extension and explore web3.
Coinbase Pay eliminates multiple steps, switching between apps, and manual transfers making funding easy and intuitive for anyone to participate in DeFi or purchase NFTs, in just a few clicks.
Coinbase users based in the US and Canada can currently use their debit cards and bank accounts for transfers, with more payment options enabled globally soon.
Coinbase has introduced Coinbase Pay, the easiest way for Coinbase users to fund their Coinbase Wallet from the Chrome browser extension and explore web3.
Coinbase Pay eliminates multiple steps, switching between apps, and manual transfers making funding easy and intuitive for anyone to participate in DeFi or purchase NFTs, in just a few clicks.
Coinbase users based in the US and Canada can currently use their debit cards and bank accounts for transfers, with more payment options enabled globally soon.
🔔 Binance Smart Chain surpassed Ethereum transactions by 120M in February
Binance Smart Chain (BSC) transactions outpaced Ethereum for the second month running.
February 2022 saw BSC transactions reach 156.5 million, with Ethereum transactions reaching 32.74 million.
https://beincrypto.com/binance-smart-chain-surpassed-ethereum-transactions-120m-february/
Binance Smart Chain (BSC) transactions outpaced Ethereum for the second month running.
February 2022 saw BSC transactions reach 156.5 million, with Ethereum transactions reaching 32.74 million.
https://beincrypto.com/binance-smart-chain-surpassed-ethereum-transactions-120m-february/
BeInCrypto
Binance Smart Chain Surpassed Ethereum Transactions By 120M in February - BeInCrypto
Ethereum took a further step back in total transactions in February as Binance Smart Chain saw a 378% increase in transactions over the first smart contracts-backed blockchain network.
Stablecoin Cashio on Solana exploited for $28 million in 'infinite mint glitch'
A stablecoin on the Solana blockchain has been exploited for $28 million and lost practically all of its value.
The exploit happened shortly after 9:00 AM UTC. The total value locked within the protocol fell from $28.87 million to $569,000.
At the same time, the price of the stablecoin dropped from $1 to practically zero.
https://www.theblockcrypto.com/post/138934/stablecoin-cashio-on-solana-exploited-for-28-million-in-infinite-mint-glitch
A stablecoin on the Solana blockchain has been exploited for $28 million and lost practically all of its value.
The exploit happened shortly after 9:00 AM UTC. The total value locked within the protocol fell from $28.87 million to $569,000.
At the same time, the price of the stablecoin dropped from $1 to practically zero.
https://www.theblockcrypto.com/post/138934/stablecoin-cashio-on-solana-exploited-for-28-million-in-infinite-mint-glitch
The Block
Stablecoin Cashio on Solana exploited for $52.8 million in 'infinite mint glitch'
A stablecoin called Cashio on the Solana blockchain has been exploited and lost practically all of its value.