API3 will be hosting an AMA on January 31st, regarding the evolving ecosystem of decentralized applications (dApps). The discussion will delve into the merging of data, oracles, and decentralized finance (DeFi). Unlike traditional API services, API3 offers fully decentralized APIs, addressing issues of transparency, security, and reliability. The API3 token incentivizes network participants such as node operators and developers to actively engage in voting and DAO governance. #CryptoNews
Star Atlas, the ambitious MMO game built on the Solana blockchain, is set to host a DAC competition on February 29th. This exciting event will showcase the unique qualities of each DAC (Guild) as they compete against each other to prove their superiority. With over $26,000 worth of Star Atlas land up for grabs, the stakes are high. Star Atlas offers players the opportunity to explore space, mine resources, build ships and colonies, and engage in epic battles, all while earning real money through the in-game economy based on cryptocurrencies. Leveraging NFTs and the scalability of the Solana blockchain, Star Atlas creates a seamless and immersive gaming experience. With Unreal Engine 5 technology, the game world is visually stunning. The ATLAS token serves as the in-game currency, providing players with endless possibilities within the Star Atlas metaverse. Get ready for an action-packed and rewarding competition on February 29th! #CryptoNews
NymVPN Alpha, set to be released in February, utilizes NYM tokens for enhanced data privacy on the mixnet. These tokens are both used as a reward for mix nodes and can be delegated by users, validating the reputation of nodes and allowing users to earn a portion of their rewards. It is important to note that NYM is not a general-purpose payment mechanism but exclusively serves activities within the Nym network. #CryptoNews.
The Securities and Exchange Commission (SEC) has charged the founders of the $1.7 billion HyperFund scheme, Xue Lee and Brenda Chunga, with fraud and unregistered securities offering. The SEC alleges that Lee and Chunga raised over $1.7 billion from investors worldwide, promoting HyperFund as an investment in profitable mining operations. However, the SEC claims that it was actually a pyramid scheme with no legitimate sources of revenue. The project collapsed in 2022, resulting in investors losing their money. This case highlights the need for compliance in the crypto space and the importance of providing detailed investor protection disclosures required by federal securities laws. The SEC has filed a complaint against Lee and Chunga in federal district court, charging them with violating anti-fraud and registration provisions. The U.S. Attorney’s Office for the District of Maryland has also pressed criminal charges. Chunga has already pleaded guilty to conspiracy to commit securities fraud and wire fraud. It is important to note that this article is for informational purposes only and not intended as legal, tax, investment, financial, or other advice.
Fidelity's spot Bitcoin ETF is gaining momentum, attracting $208 million in inflows on Jan. 29. This exceeds the outflows from Grayscale Bitcoin Trust (GBTC) for the first time since their respective launches. GBTC experienced a nearly 25% drop in outflows from Jan. 26 to Jan. 29, indicating a potential slowdown in investors cashing out. Additionally, the significant volume of the new U.S. spot Bitcoin ETFs, amounting to $994.1 million, nearly doubled that of GBTC. It appears that the downward pressure on Bitcoin caused by GBTC outflows may soon be history, as suggested by JPMorgan analysts.
Sui’s token price has hit a new all-time high, reaching $1.58 today. The total value locked (TVL) on Sui has surged by 98% in the past month, surpassing Coinbase’s Base and Cardano in TVL. This surge can be attributed to strategic partnerships with Alibaba Cloud and Solend. Additionally, the Sui Foundation uses SUI tokens to incentivize projects and users within the Sui network. Sui’s market cap has also increased by over 80% in the past month, reaching approximately $1.5 billion. #CryptoNews
Join the Hedera community call on January 31st at 17:00 UTC on Discord, where Hedera's COSO Andrew Aitken will discuss the company's open source strategy. Excitingly, Christian Hasker from Swirlds Labs and Solo Ceesay from Calaxy Co-Founder will also be there to discuss Davos2024. Hedera HBAR, a decentralized public network, empowers individuals and businesses to create powerful dApps with its native cryptocurrency HBAR. Offering enhanced speed, efficiency, and scalability through hashgraph consensus, Hedera stands out among other blockchain technologies, making it an attractive option for enterprise use cases. #CryptoNews
Polygon is set to release a network upgrade on February 6th, allowing developers to deploy their code on zkEVM without any modifications, similar to Ethereum. The Etrog upgrade, available for testing on Cardano's Sepolia-anchored testnet, will soon be live on the mainnet. Users can seamlessly continue using Polygon zkEVM without any required actions. Polygon, previously known as Matic Network, is a layer-2 scaling solution for Ethereum, improving scalability for decentralized applications. The MATIC token is used for payments and settlements within the Polygon ecosystem. Its goal is to address limitations of traditional blockchains through innovative sidechain technology. #CryptoNews
Merit Circle is hosting an AMA on January 31st to discuss its web3 digital ecosystem, which aims to revolutionize the gaming industry through blockchain technology. This includes investing in web3 technologies, developing and integrating quality gaming projects, creating new games, and providing a gamer-optimized NFT platform. The MC token plays a central role, allowing holders to influence DAO decisions, participate in games, exchange NFTs, and earn rewards through staking. Don't miss this opportunity to learn more about Merit Circle's innovative approach to gaming and technology. #CryptoNews
The SuperVerse project is making an exciting announcement on January 30th. It aims to revolutionize the digital space by introducing advanced NFT functionality and blockchain gaming experiences. The project targets both the crypto-savvy and newcomers from the traditional Web2 realm. It consists of a next-generation NFT marketplace called GigaMart, which offers sophisticated analytics and unique social features, and a social-gaming metaverse called Impostors, adding an interactive layer to the user experience. The project's goal is to bridge the gap between Web2 and Web3, making blockchain technology and NFTs more accessible and mainstream. All of this is made possible by the ERC-20 token SUPER, which governs and supports the tools and features within the SuperVerse ecosystem, driving innovation in the Web3 space. Stay tuned for more updates on this exciting project! #CryptoNews
CoinShares suggests that the recent decline in cryptocurrency prices may have been triggered by the significant outflows from Grayscale Bitcoin Trust (GBTC), leading to outflows in digital asset investment products in Europe and Canada as well. According to their report, digital asset products from Switzerland and Germany experienced the highest outflows during the trading week of January 22nd to January 26th, with $59.8 million and $31.7 million, respectively. Canadian digital asset products saw the largest outflows over the month, amounting to $209.8 million, followed by products in Germany and Sweden with $124.5 million and $34.2 million, respectively. The only major inflow last week came from digital asset products in Brazil with $10.3 million.
Following the recent approval of spot Bitcoin ETF in the US and guidelines from Hong Kong's SFC, the first spot Bitcoin ETF application has been filed for approval. Harvest Fund Management submitted the application, with approval expected after the Lunar New Year. Hong Kong's SFC aims to expedite approval, possibly listing the first ETF on the Hong Kong Stock Exchange after the Spring Festival. Comparing to the US, the performance of Hong Kong's spot ETFs may be similar, but there could be a gap in subscription scale. Moreover, Hong Kong's spot ETFs may also allow direct Bitcoin subscriptions, increasing their appeal.
@TumblrMichelle “ACINQ, a lightning-focused bitcoin startup, has added an interesting investor to its cap table: state-owned bank Bpifrance, which just made its first crypto investment.
@TumblrMichelle B2C2 is making waves in the trading industry with its new gold derivative product that allows clients to trade gold against bitcoin. #B2C2#GoldDerivative#Bitcoin
@NatalieBrenda17 A French central banker is calling for a global regulatory framework on crypto assets. This will help prevent regulatory arbitrage and ensure consistent regulation across jurisdictions. #Crypto#Regulation#Standardization
@pelusithaxadoer The filing of 19b-4 amendment forms by all 11 spot ETF Bitcoin issuers is a positive sign for the approval of a spot Bitcoin ETF! 🤞🤞🤞 #Bitcoin#ETF#Approval#Crypto
The Herb Butter Smoked Prime rib from Fire & Smoke Society's The Usual is an ideal choice for the holidays, as it offers a delightful blend of herbs and spices that brings the perfect balance of flavors to your festive feast. Whether you prefer to conveniently purchase it at your local Walmart or Kroger store, or follow the detailed recipe available on Fire & Smoke Society's website, this dish is bound to impress your guests and make your celebration truly special.