cointopper (@cointopper) • Hey
cointopper (@cointopper) • Hey
Publications
- **"Binance Charity Launches Emergency Earthquake Appeal with Multi-Crypto Donation Option"**
In response to the recent earthquake that hit Turkey, Binance has decided to airdrop #BNB worth $100 to all users living in the regions that were most affected by the disaster. The identification of the users will be based on the Proof of Address (POA) submitted by Feb 6th in 10 cities that were severely impacted by the earthquake. These cities include Kahramanmaraş, Kilis, Diyarbakır, Adana, Osmaniye, Gaziantep, Şanlıurfa, Adıyaman, Malatya and Hatay.
Binance CEO, CZ, expressed his concern for the people and communities that were affected by the earthquake and said that the airdrop is a way of providing relief to those in need. He also called on other members of the crypto industry to offer support in times of crisis.
Cryptocurrency transfers have become a common way of delivering financial aid in the aftermath of natural disasters as they provide fast, low-cost, and transparent transactions. Binance Charity has also launched a public donation address where people can donate using various cryptocurrencies such as #BTC, #ETH, #BNB, #BUSD, and #XRP. The donations received on this address will be converted to TRY and given to an authorized NGO to help those in need.
While the POA method has its limitations, it is the best option available to locate potentially impacted users. #Binance estimates that the total donations will be around $5 million USD (94,000,000 TRY).
Binance stands by its users and is doing its part to ensure the safety and well-being of Binancians and their families in Turkey. The company is working on additional ways to help its community and bring comfort to those affected by the disaster.
For more information on the Emergency Earthquake Appeal, visit https://www.binance.charity/projects/42/Turkey-Earthquake-Relief
Stay tuned to https://cointopper.com/ for more updates on the crypto industry.
#BinanceCharity #TogetherForTurkey #TogetherForSyria
- **"Coinbase CEO Calls for Urgent Action to Save Crypto Staking in the US"**
Coinbase CEO Brian Armstrong has expressed concern over rumors that the U.S. Securities and Exchange Commission (SEC) may be considering ending crypto staking for retail customers. Armstrong believes that such a move would be detrimental to the U.S. and to the growth of new technologies in the country.
Staking is a crucial innovation in the world of cryptocurrency that allows users to participate directly in running open crypto networks. It offers several benefits, including improved scalability, increased security, and reduced carbon footprints. Armstrong believes that the U.S. needs to foster new technologies, not stifle its growth through unclear rules and regulations.
When it comes to financial services and web3, Armstrong argues that it is a matter of national security that these capabilities are developed in the U.S. He believes that regulation through enforcement does not work and can drive companies offshore, as was the case with FTX.
The Coinbase CEO is hopeful that the SEC and the crypto industry can work together to create clear rules and regulations that protect consumers while preserving innovation and national security interests in the U.S. He believes that it is possible to come up with sensible solutions that balance these interests.
In conclusion, Armstrong's comments reflect the growing concerns among the crypto industry about the role of regulations in shaping the future of the industry. He emphasizes the importance of encouraging innovation and growth in the U.S. and the need for clear rules and regulations that balance consumer protection with technological progress.
Keep in touch with https://cointopper.com/ for more news!
- **"Breaking News: Digital Currency Group and Genesis Reach Agreement for Restructuring and Asset Sale**
The restructuring plans between Digital Currency Group (DCG), Genesis Global, and creditors are underway as court approval is pending. Genesis creditors can expect to receive a minimum of 80% of their funds back, with the exact amount to be determined by the convertible preferred equity note and the final sale prices of DCG/Genesis assets.
DCG has agreed to transfer its equity stake in Genesis Global Trading to Genesis Global Holdco, the holding company for Genesis. This transaction would bring all Genesis-related entities under the same roof. As part of the agreement, DCG will exchange a null.1 billion promissory note due in 2032 for convertible preferred stock and refinance its $526 million term loans payable to creditors. Additionally, crypto exchange Gemini will contribute $100 million for its Gemini Earn users.
Genesis Global Trading, once all transactions are completed and court approval is obtained, will be put up for sale. The latest update from a Genesis creditor, Donut, stated that the recovery rate for creditors is approximately $0.80 per dollar deposited, with a path to null.00. The final amount depends on various factors including the equity note, realized liquidation prices, and other unknown costs associated with the bankruptcy proceedings.
Genesis is currently undergoing Chapter 11 bankruptcy proceedings following a liquidity crisis in November. However, Genesis Global Trading was not included in the filing and will continue its client trading operations. Genesis lawyers are seeking a quick resolution to creditor disputes and are optimistic about the company coming out of Chapter 11 by late May.
Stay tuned to https://cointopper.com/ for more news!
- **"A New Era of Metaverse Utilization Begins with The Sandbox and Saudi Arabia's DGA Partnership"**
Sebastian Borje, Co-founder and COO of The Sandbox, announced a partnership with the Digital Government Authority (DGA) of Saudi Arabia for the utilization of the Metaverse. This news caused a surge in SAND token value, increasing by over 25% from the previous day. The partnership was formalized with the signing of a Memorandum of Understanding (MOU) at the Leap Tech Conference in Riyadh, Saudi Arabia. Further details of the partnership will be revealed in the coming weeks.
The DGA was established to improve digital services offered by government agencies in Saudi Arabia and to increase government investment and economic value. The country is focused on investing in cutting-edge technology and has previously announced plans to invest over $6.4 billion in various technologies, including the Metaverse.
The Metaverse is a multiplayer virtual reality world that can be accessed via the internet. It allows users to enjoy various experiences through avatars, such as creating voxel art and games in "The Sandbox." The Sandbox is a Metaverse game built on the Ethereum blockchain that enables players to participate in virtual events, create items, and sell them as NFTs (non-fungible tokens).
The United Arab Emirates (UAE) is also actively investing in Web3 technologies such as crypto assets and the Metaverse. Prince Hamdan of Dubai has announced the "Dubai Metaverse Strategy" with plans to create 40,000 jobs and grow the Metaverse economy to over $4 billion in the next five years. The Sandbox has already partnered with several fashion brands, entertainment companies, and virtual currency-related companies to purchase virtual land and host events.
Stay tuned to https://cointopper.com/ for more news!
- **Crypto Industry Facing Job Cuts in Extended Crypto Winter**
The #crypto industry is facing "extremely challenging" times, forcing several firms to make job cuts in order to weather the prolonged crypto winter. At least 216 jobs have been cut between Protocol Labs, Chainalysis, and Bittrex, with reductions of 89, 83, and 44 employees respectively.
Juan Benet, CEO of Protocol Labs, announced the job cuts in a blog post, stating that the company had to focus its headcount on the most impactful and business-critical efforts. The decision to cut 21% of its workforce was made to ensure the company is well-positioned during this extended winter. Benet suggested that the company must prepare for a longer downturn in the crypto industry.
Bittrex CEO Richie Lai informed employees via email that the company has made a reduction in its workforce to ensure long-term viability. Despite aggressive efforts to reduce expenses, the current market conditions have forced the company to reset its strategy and balance investments in the new economic environment.
Stay tuned to https://cointopper.com/ for more updates!
- **"Get Paid for Your** #Twitter **Engagement with Ad Revenue Sharing"**
Twitter CEO Elon Musk Announces #Ad #Revenue Sharing for Twitter Blue Subscribers
Twitter CEO Elon Musk has announced the introduction of ad revenue sharing for Twitter Blue subscribers starting from 4th February. The revenue sharing program is only available for users who subscribe to the Twitter Blue plan and will receive a portion of the revenue from ads appearing in their tweets.
Despite the announcement, there has been no official statement from Twitter about the new feature and how it works. The subscription to Twitter Blue costs $11 per month for iOS and Android users and $8 per month for web users. The interest remains high in the number of impressions required to cover the subscription costs through ad revenue.
It's worth noting that in January, a GroupM client, one of the world's largest advertising agencies, reported cutting its advertising budget for Twitter by 40-50% following the acquisition by Elon Musk in October 2022. The Information, an overseas media, reported the news.
Stay tuned to https://cointopper.com/
- **"Check Out metamask's New and Improved Privacy Settings - Keep Your Data Safe"**
Metamask, the popular cryptocurrency wallet, has recently expanded its privacy features with the addition of a toggle function for third-party services such as phishing detection and incoming transaction notifications. This update gives users more control over their data and can be adjusted in the "security and privacy settings."
The release of this new feature comes in the wake of criticism of the development company Consensys for collecting IP addresses and Ethereum wallet addresses on the Infura RPC network used by Metamask. Infura, developed by Consensys, has been criticized for the potential risk of personal information being leaked if the user's wallet address and IP address stored on the network is compromised.
In response to these concerns, Metamask now makes it easier to change RPCs and includes a warning in the settings screen that any RPC selected will receive the user's IP address and Ethereum wallet information. Despite this, the new feature is seen as positive by some as it offers an alternative to Consensys' high-risk data collection policy.
The phishing detection toggle is a new addition to Metamask's security and privacy settings and helps protect users from the cybercrime of phishing, where attackers deceive users by directing them to fake websites and stealing personal information and authentication information. Metamask has been operating the "Ethereum Phishing Detector" as a verification database for phishing scams and works with various open-source projects to combat phishing sites and scams.
Phishing attack detection capabilities have already been offered by competitors such as Solana wallet Phantom and multi-chain Frontier.
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- **"Stay Up-to-Date with CoinbaseNFT's Latest Announcements"**
Coinbase, a leading crypto asset exchange in the US, announces the suspension of some functions on its NFT (non-fungible token) electronic market, CoinbaseNFT, as part of its business restructuring plan.
As reported by Decrypt, a reliable overseas media outlet, CoinbaseNFT intends to discontinue its popular service "Creator Drop", which releases new NFT projects. However, the platform intends to continue and concentrate resources on essential functions.
"Creator Drop" serves as the primary market for NFTs. In a statement, CoinbaseNFT's official Twitter account stated that the company is pausing Creator Drops to focus on other important features and tools that creators need. The company also emphasized that its mission remains unchanged and it is optimistic about the future as it continues to grow.
CoinbaseNFT was launched in the spring of 2022 and has been constantly releasing new features such as batch management tools, rarity filters, and delayed listings to enhance its offerings to users.
Get the newest information from https://cointopper.com/.
- **"Breaking News: Avalanche Network Witnesses Unprecedented Growth in Daily Transactions - Click Here to Learn More"**
The Avalanche blockchain network is seeing a significant boost in daily transactions, according to the Messari report for the fourth quarter of 2022. Despite some roadblocks, such as the FTX collapse, the Avalanche subnets continue to show impressive growth in terms of daily transactions.
During the fourth quarter of 2022, the number of daily active addresses on the Avalanche network increased by 3.2% from the previous quarter, reaching a total of 48,023. Additionally, the average daily transactions rose by a staggering 85% from the previous quarter, reaching a high of 2,881,20.
This growth in daily transactions is a promising sign for the future of the Avalanche network and its native cryptocurrency, AVAX. The total transactions per second on the network also nearly doubled from 18 in the third quarter to 33 in the fourth quarter.
While the growth in daily transactions is positive, the report also showed some areas for improvement. The total value-locked in the Avalanche DeFi space declined by 25% during the last quarter, and developer engagement on the network was also on a decline. The number of unique smart contracts verified decreased by 23.7% quarter-over-quarter and by 59% year-over-year.
Despite these challenges, the growth in daily transactions on the Avalanche network is a positive sign for the future of the ecosystem and the use of AVAX. As more transactions take place on the network, the value of AVAX is likely to continue to rise
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- **"Binance BNB Chain Boosts Performance with Parallel EVM"**
Binance BNB Chain Continues to Innovate with Parallel EVM Implementation.
Maximize block process performance with concurrent transactions through Parallel Ethereum Virtual Machine (EVM) execution.
The Binance BNB Chain development team has been working on parallel EVM since late 2021 and this technology continues to evolve through its deployment phases.
Recently, developer 'NodeReal' announced the latest code release for parallel EVM on Github (Jan 31).
The Binance ecosystem continues to grow and thrive with the successful implementation of Phase 1 in May 2022, which covered the foundation, architecture, and workflow setup. Phase 2, with performance improvements, was implemented in November. Phases 3 and 4 are currently in development.
Stay tuned at https://cointopper.com/ for more news!
- **"Make Purchases and Pay Bills with Crypto: Binance Card Launches in Brazil"**
The increasing adoption and usage of cryptocurrencies in Brazil has caught the attention of Mastercard and Binance. In a recent partnership, the credit card giant and the world's largest crypto exchange have teamed up to launch a second prepaid crypto card in Latin America.
On January 30th, Binance announced the launch of the Binance Card in Brazil. This new card, which is issued by Dock, a payment institution regulated by the Brazilian Central Bank, will allow existing and new Binance users in the country with valid national IDs to make purchases and pay bills using crypto assets.
This is not the first time that Binance has launched a prepaid crypto card. In August 2022, the company launched the Binance Card in Argentina, which received a positive response from the market. Now, with the launch of the Binance Card in Brazil, the company is aiming to cater to the growing demand for cryptocurrencies in the country.
The Binance Card is currently in a beta testing phase and will be widely available to the public in the coming weeks. Binance has listed Brazil among its top ten markets globally, making it a prime location for the launch of the Binance Card.
With the partnership between Mastercard and Binance, users in Brazil will now have a convenient and secure way to use their crypto assets for daily transactions. This move is a positive step towards the mainstream adoption of cryptocurrencies and will provide users with greater financial freedom.
In conclusion, the launch of the Binance Card in Brazil is a significant milestone for the crypto industry in Latin America. With the support of Mastercard, the Binance Card is set to provide a seamless and secure experience for users looking to use their crypto assets for daily transactions.
Keep an eye on https://cointopper.com/ for more updates
- **"South Korea to Launch Crypto Tracking System in 1H 2023"**
The South Korean Ministry of Justice (MOJ) has announced plans to adopt a cryptocurrency tracking system in the first half of 2023. The system will be used to monitor and analyze crypto transactions with the aim of uncovering sources of illegal funds.
In its 2023 task report, the MOJ stated that it will overhaul the forensic infrastructure to respond to the modernization of crime. The government has been discussing the adoption of a tracking system for illegal crypto transactions for several months.
The Ministry of Justice will develop its own crypto tracking and analysis system in the latter half of the year, while the Financial Supervisory Service (FSS) is also planning to develop crypto monitoring tools to regularly inspect risk associated with crypto assets. Last October, the National Police Agency formed an agreement with five major cryptocurrency exchanges in South Korea to collect data for crypto-related crime investigations.
In comparison, the US Department of Justice established a nationwide "Digital Asset Coordinator Network" of over 150 federal prosecutors in September 2022 to combat criminal use of digital asset technology.
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- **"YGG Japan Raises Funds with Top Gaming Companies, Expands Global Reach**
YGG Japan, a leading gaming company, has completed its latest round of fundraising with the help of Square Enix, SEGA, GREE, and other top companies in the industry. Square Enix, the producer of the famous Final Fantasy series, and SEGA, the iconic gaming company, are just a few of the notable names that have supported YGG in its mission to expand its global franchise.
GREE, one of the top three mobile gaming companies in Japan, has also joined the effort, further solidifying YGG's position as a leader in the gaming industry. With this latest round of fundraising, the YGG ecosystem continues to expand, reaching new heights and establishing itself as a major player in the global market.
The news of YGG's successful fundraising has been received with excitement by the gaming community, who have been eagerly awaiting updates on the company's progress. With its expanding ecosystem, the future looks bright for YGG, and fans and industry experts alike are eager to see what the company will accomplish next.
In conclusion, YGG Japan's latest fundraising round is a major milestone for the company, and signals its commitment to growth and expansion. With the support of Square Enix, SEGA, GREE, and other top companies in the industry, the future looks bright for YGG and its ecosystem. We can't wait to see what the company will achieve next!"
Stay tuned at https://cointopper.com/ for more news!
- **"Analysis of the Bitcoin Market by Veteran Commodity Trader, Peter Brandt**
Peter Brandt, a seasoned commodity trader, recently tweeted about his latest analysis of Bitcoin (BTC). According to his analysis, the bottom in the price of BTC has formed a rare “double-walled fulcrum pattern”. This pattern is not widely recognized in the traditional financial market, and has been introduced by Brandt himself.
The veteran trader has set a 2X target for the cryptocurrency, with a mid-$25,000 prediction. This latest analysis has generated a lot of interest among traders and investors, given Brandt's extensive experience in the financial market and previous insights on Bitcoin. However, there have been skeptics who have criticized Brandt's recent chart pattern, calling it an example of hindsight bias.
Despite these criticisms, the cryptocurrency market is off to a strong start in 2023, with Bitcoin leading the charge with a 40% increase. This rebound is part of a larger trend in increased risk appetite, but there are concerns about the economy and warnings from some parts of the global market that may impact its longevity. Despite these uncertainties, momentum continues, with one strategist targeting $25,000 for Bitcoin and it being on track for its best month since December 2020. Federal Reserve Chair Jerome Powell's upcoming speech may also impact market expectations.
In conclusion, Peter Brandt's latest analysis of the Bitcoin market is likely to be closely followed by those in the industry. With his extensive experience and previous insights, traders and investors will be keeping a close eye on his predictions. Nevertheless, it is important to take all market analysis with a grain of salt and conduct thorough research before making any investment decisions."
"Keep in touch with @cointopper.lens for the latest updates in the cryptocurrency market."
https://cointopper.com/
- **"Beware of Scammers: Azuki's Official Twitter Account Hacked"**
Azuki, a popular Ethereum-based NFT collection platform, fell victim to a hack on its official Twitter account. The hackers announced a fake NFT issuance event, tricking users into transferring crypto assets to a malicious smart contract on a website. At least one user lost $750,000 worth of stablecoin USDCoin (USDC) and 11 NFTs, as well as 3.9 ETH were also stolen.
The fraudulent tweet was deleted within an hour, but the damage had already been done. Azuki's community manager, Emily Rose, confirmed that the account had been hijacked and advised the community not to visit the website associated with the tweet. The Azuki team is also working with Twitter to regain control of the account.
This incident serves as a reminder of the dangers of social media account hijacking and the importance of verifying the authenticity of an account before making any transactions.
In conclusion, it's important to stay alert when using social media platforms and to be cautious when making online transactions. Always verify the authenticity of an account before transferring any assets and never click on links from untrusted sources.
"keep an eye out on @cointopper.lens"
Also visite: https://cointopper.com/news/beware-of-scammers-azukis-official-twitter-account-hacked
- **"Amazon's Entry into the NFT Market: A Game-Changer for the Industry"**
@amazon-web3.lens, the Tech Giant, is reportedly preparing to enter the world of digital assets and non-fungible tokens (NFTs). According to sources familiar with the matter, Amazon is launching a digital assets enterprise, and its NFT initiative is expected to launch as early as spring 2023.
Amazon's digital collectibles effort is focused on encouraging customers to play crypto games and claim free NFTs in return. The company is also said to be putting a major focus on blockchain-based gaming and other related NFT applications. However, the platform for Amazon's NFT gaming initiatives is not yet known, but sources say it won't be running on Amazon Web Services (AWS).
Amazon CEO Andy Jassy has previously stated that the company is open to selling digital assets in the future, and with the number of customers Amazon has, it could make a significant impact in the NFT marketplace. The company has also been forming key partnerships in the crypto space, such as its partnership with Ava Labs to scale blockchain adoption for enterprises, institutions, and governments.
The NFT market is relatively new and rapidly growing, with many marketplaces such as OpenSea and Rarible gaining popularity. Amazon's entry into the market is expected to give tough competition to existing players, and it will be interesting to see how the market evolves with Amazon's entry.
It is worth noting that these efforts are still in the making and Amazon's crypto ambitions may become public by April 2023. Amazon "coming into the space" is "a big one" for crypto "for many different reasons", as per a crypto source. It will be exciting to see how Amazon executes its plans and how it will affect the existing players in the space.
In conclusion, Amazon's entry into the digital assets and NFT market is a significant development and is likely to shake up the existing market. With its vast customer base and partnerships in the crypto space, Amazon has the potential to become a major player in the NFT market. It will be exciting to see how the market evolves with Amazon's entry.
Check this out: https://cointopper.com/news/amazons-entry-into-the-nft-market-a-game-changer-for-the-industry
- **"Cardano Launches New Stablecoin DJED Next Week: Here's What You Need to Know"**
As per the latest reports, many crypto geeks believe that @cardano-ada.lens is gearing up for the launch of its own stablecoin. COTI officially announced that Cardano would launch their stablecoin DJED next week.
COTI is behind the development of the DJED stablecoin. Bitrue has announced that they will list $DJED and $SHEN on their exchange platform.
DJED is pegged by ADA and its reserve coin Shen. Let's see, How the process works
To mint the DJED, a user needs to send ADA in the smart contract, then the contract will send Djed back to the user.
The price of Djed will aspire to be null. The basecoin which is the coin that Djed is backed by is $ADA. Let’s assume $ADA is worth $2, so in order to mint 1 Djed, the user will need to send 0.5 $ADA to the contract.
If the user wants to get back the ADA then the user sends the DJED to the smart contract and the smart contract burns that DJED and will send back the ADA.
Shen Reserve Coin is an integral part of the Djed ecosystem, providing stability and liquidity to ensure price stability for its stablecoin users. It works by minting $Shen tokens in order to maintain a sufficient peg ratio. When the Reserve Ratio falls below 400%, holders of Shen will not be able to burn their coins for ADA, as this would prioritize those who hold stablecoins over those holding Shen. Conversely, when the reserve ratio reaches 800%, no new purchases of $Shen are allowed in order to avoid excessive risk or rewards from trading activity. By trading $Shen on exchanges, users can help maintain a healthy peg ratio and receive incentives from transaction fees collected by the underlying stablecoin's smart contract pool which is shared among all participants that contribute towards maintaining price stability through their participation with Shen Reserve Coin.
DJED stablecoin is very different from any other algorithmic stablecoin in the way, it’s built. For more clarity, Check this video to know how the Djed mechanism works: https://www.youtube.com/watch?v=Dq_1DOrsXGU
Tweet of COTI: https://twitter.com/COTInetwork/status/1617952207357509632?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1617952207357509632%7Ctwgr%5E302cd2b139c5d98a0813d05d4bd0461f3175a881%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointopper.com%2Fnews%2Fcardano-launches-new-stablecoin-djed-next-week-heres-what-you-need-to-know
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- **"David Bianchi's 'RZR': The Future of Entertainment is Here"**
Actor and Filmmaker David Bianchi have been making waves in the entertainment industry for some time now. With several award-winning films and TV shows under his belt, he's now turning his attention to the world of Web3, and he's giving audiences a sneak peek of his upcoming series, 'RZR'.
David Bianchi shared Tweet about his upcoming series, 'RZR'. Gala Film produces and handles distribution for "#RZR"
What sets 'RZR' apart from other post-apocalyptic dramas is its use of Web3 technology. The series will be available on a blockchain-based streaming platform, and audiences will be able to interact with the story in new ways. Viewers will be able to earn rewards for their engagement, such as in-show items, and will be able to participate in the story's economy.
"#Web3 technology is the future of entertainment, and I'm excited to be at the forefront of this new wave," said Bianchi. "With 'RZR', we're not just telling a story, we're creating a new world for audiences to explore and be a part of."
'RZR' is set to premiere later this year and has already generated a lot of buzz among fans of the genre. With its compelling story and innovative use of Web3 technology, it's shaping up to be one of the most exciting series of the year.
David Bianchi has always been a trailblazer in the entertainment industry and it seems like he's doing it again with 'RZR', a series that promises to be a true innovation in the field of storytelling. With its use of Web3 technology and its ambitious post-apocalyptic story, 'RZR' is a series that you won't want to miss.
Stay tuned to @cointopper.lens for more news!
Visit: https://film.gala.com/films/rzr?utm_source=Twitter&utm_medium=social-org&utm_campaign=gf_xx_Twitter_xx_en_xx_rzr-sale&utm_term=gf_org_brand_gf-rzr_Twitter_xx_xx_xx_xx_xx_xx_xx_xx&utm_content=xx_xx_xx_xx_xx_xx_gf-rzr_xx_xx_xx&utm_name=rzr-gf&utm_type=social&tab=store
David Bianchi's Tweet: https://twitter.com/davidbianchi/status/1590453386557939713?s=20&t=mBWYWcyrlcrD-Cj0FZQN2Q
- **The Future of Decentralised Finance: How Regenerative Finance (Refi) is Changing the Game**
**What is Regenerative finance?**
Regenerative finance in Web 3 refers to a new way of using blockchain technology and decentralized systems to create financial products and services that promote sustainability and regeneration of natural resources.
In simple terms, it is a way of using digital technology to create financial tools that help protect the environment and promote sustainable development. This can include things like using blockchain to track the impact of sustainable investments, or creating decentralized platforms for buying and selling carbon credits.
**Let's have a look at the example,**
Celo is a decentralized platform built on blockchain technology. it is the carbon-negative, mobile-first, EVM-compatible blockchain ecosystem leading a thriving new digital economy for all.
It uses a stablecoin called the Celo Dollar (cUSD) which is pegged to the US dollar, Celo Euros (cEUR) and Celo Reals (cREAL) to provide a stable and reliable form of digital currency that can be used for transactions and payments. In terms of regenerative finance, Celo is using its platform to promote sustainable development and environmental conservation.
One example is the Celo Green initiative, which allows users to purchase carbon offsets and invest in renewable energy projects through the platform. The Celo Green initiative allows for transparent and verifiable tracking of carbon offsetting projects, and allows users to see the impact of their investments in real-time.
Additionally, the Celo platform also has a mechanism to reward users who contribute to the network's sustainability, through a mechanism called "Proof of Stake" The platform's Proof-of-Stake consensus mechanism also aims to reduce energy consumption.
**How polygon is also going to the Carbon negative which itself is a step towards the Refi movement**
@polygon.lens Green Manifesto announced that it includes the plan to achieve carbon-negative status. For Refi Polygon partnered with KlimaDAO and Polygon is purchasing the credits via KlimaDAO's on-chain carbon market, Klima Infinity, and retiring them using its offset aggregator decentralized app. Polygon will then selectively retire the offsets within the carbon token pools that meet the highest standards for additionality and positive environmental impact.
KlimaDAO also analyzes Polygon network's energy footprint and supports its emission management and mitigation strategy. Polygon's Proof-of-Stake consensus mechanism also reduces the network's energy consumption. so that's how the polygon is taking the steps towards Refi.
**Klima Dao's initiative**
@klima.lens is a blockchain-based Initiative. Klima DAO gives Web3 builders and users the opportunity to participate in the carbon market through the KLIMA token. Every KLIMA token is backed by a real-world carbon asset. KLIMA tokens represent one tonne of carbon reduction, known as Base Carbon Tonnes (BCTs).
**The process of Klima DAO involves the following steps:**
Verification of carbon projects: The first step is to verify carbon reduction projects, which are then issued carbon credits. These projects are typically focused on reducing carbon emissions and promoting sustainable development.
Tokenization of carbon: Once the carbon projects have been verified and issued credits, they are then tokenized. This process involves converting the carbon credits into a digital format that can be traded on the blockchain.
Depositing tokenized carbon into the pool: The tokenized carbon is then deposited into a pool, which is managed by Klima DAO. This pool serves as a marketplace for buying and selling carbon credits.
Offsetting carbon: Users can then offset their carbon emissions by purchasing carbon credits from the pool. The carbon credits are then retired, which means they are removed from circulation and cannot be used again.
Earning rewards: Users who participate in Klima DAO's staking process can earn rewards by holding KLIMA tokens. These tokens represent one tonne of carbon reduction, known as Base Carbon Tonnes (BCTs).
To get carbon credits from Klima DAO, you would need to participate in the carbon market through the KLIMA token. You can purchase KLIMA tokens on the platform, which are backed by real-world carbon assets. These tokens can then be used to offset your carbon emissions by purchasing carbon credits from the pool and retiring them. Additionally, you can earn rewards by participating in KLIMA staking.
We all know how important Defi is to make traditional finance better as well as it will be highly useful to help people from unbanked nations. Regenerative finance (Refi) is a new and emerging field that uses blockchain technology and decentralized systems to create financial products and services that promote sustainability and regeneration of natural resources.
- **"California-based BitGo expands digital asset offerings with SHIB and DOGE support"**
BitGo, the California-based digital asset trust, and security company has announced support for Shiba Inu (#SHIB) and Dogecoin (#DOGE) on its platform. This move allows #BitGo users to store, send and receive these popular #cryptocurrencies on both #custodial and hot wallets.
BitGo is a leading provider of secure and compliant solutions for managing and trading digital assets. The company caters to both investors and builders in the digital asset space, offering institutional-grade solutions for crypto exchanges and other businesses. With the addition of support for SHIB and DOGE, BitGo continues to expand its offerings and meet the demands of the growing digital asset market.
Shiba Inu has been gaining traction among cryptocurrency traders and exchanges in recent months. The team behind SHIB has been teasing the community with the upcoming launch of the Shibarium – a Layer 2 solution. The lead developer of Shiba Inu, Shytoshi Kusama, recently launched the official Telegram channel for the highly-anticipated L2 network. As a result, SHIB holders will have access to early updates and information about the upcoming network through the platform.
Here is the Twitter post of BitGo: https://twitter.com/BitGo/status/1616483568758161430?s=20&t=GcoH1DfUcUCbD8kmVX-Dvg
- **"Crypto Lending Giant Genesis Files for Bankruptcy"**
In a shocking turn of events, the lending unit of crypto firm #Genesis has filed for #bankruptcy protection in the United States. This move comes on the heels of the recent market downturn that has affected other major players in the crypto industry, such as FTX.
According to the bankruptcy filings, Genesis' lending unit reported having between null billion and $10 billion in assets and liabilities. The company, which was one of the largest crypto lenders in the industry, froze customer redemptions on November 16th, following FTX's declaration of bankruptcy.
The news of Genesis' bankruptcy has also sparked legal action from Gemini, a crypto exchange co-founded by Cameron Winklevoss. Winklevoss has accused Genesis' parent company, Digital Currency Group (#DCG), and its CEO, Barry Silbert, of defrauding Gemini. In a statement, Winklevoss said that the bankruptcy was "a crucial step towards" recovering assets for Gemini Earn users.
The bankruptcy of Genesis highlights the volatility of the crypto industry and the need for increased transparency and accountability to protect investors. It serves as a reminder that investing in digital assets comes with a high level of risk and caution should be exercised. The legal actions against Barry Silbert and DCG also bring attention to the need for fair treatment of creditors in case of such situations in the future.
Check this out: https://twitter.com/cameron/status/1616298056097624064?s=20&t=vw6YdOsLPGEt7436id-92w
- **"Robinhood Announces Launches Media-Focused Subsidiary Sherwood"**
Popular trading platform Robinhood has announced the launch of a new media-focused subsidiary, Sherwood. The new company will be focused on creating and distributing educational and entertaining content about the financial markets for a broad audience.
According to a statement from #Robinhood, Sherwood will produce a variety of content, including videos, podcasts, articles, and live events, all aimed at demystifying the financial markets and making them more accessible to a wider audience. The company will also be working with a range of experts and influencers in the industry to provide a diverse perspective on financial markets.
The CEO of Robinhood, Vlad Tenev, said that Sherwood is a natural extension of the company's mission to democratize access to financial markets and that the company is excited to see what the new subsidiary will achieve.
The launch of #Sherwood comes at a time when interest in the financial markets is at an all-time high, with a new generation of investors becoming more interested in understanding how the markets work and how to invest their money. With the launch of Sherwood, Robinhood aims to provide a reliable and accessible source of information for these investors.
The new subsidiary is expected to launch its first content in the coming months, and will be accessible to a global audience. Sherwood will also be run by a separate management team, and will work independently from Robinhood but with the same goal to educate and entertain the audience.
Overall, Sherwood is an exciting new venture for Robinhood and the financial industry as a whole, and it will be interesting to see how it develops in the coming months and years.
- **"Iran and Russia's New Stablecoin: A Game-Changer for the Cryptocurrency Market?"**
Iran and Russia are reportedly considering the creation of a new stablecoin, backed by gold, to be used as a means of payment in foreign trade settlements. The move is seen as an effort to reduce the reliance on the US dollar and other traditional fiat currencies.
According to a Russian news agency, Vedomosti 'Russia and Iran begin working on a common stable on gold'. Nikhil Kamath also shared this news on Twitter
The creation of a stablecoin backed by gold is seen as a way to provide a more stable and reliable means of payment for international transactions, as the value of gold is typically less volatile than that of fiat currencies. Additionally, gold is widely recognized as a store of value, making it a suitable backing for a stablecoin.
The move by Iran and Russia to create a stablecoin backed by gold is a significant development in the world of cryptocurrency and could potentially pave the way for other countries to follow suit. It remains to be seen how the stablecoin will be received by the international community, and what impact it will have on the global economy.
Overall, it will be interesting to see how this new stablecoin backed by gold will evolve and what impact it will have on the crypto and gold markets. Stay tuned for more updates on this developing story.
Nikhil Kamath's Tweet: https://twitter.com/nikhilkamathcio/status/1614986501657612289?s=20&t=HZ6YF22REJ4lTs52JPVcxA
Vedomosti's news: https://www.vedomosti.ru/economics/articles/2023/01/16/959100-rossiya-i-iran-nachali-prorabotku-obschego-steiblkoina
- **"Binance Removing BEAM Stock from Platform: Withdrawals Available Until April 27"**
Binance, one of the largest cryptocurrency exchanges in the world, has announced that it will be delisting the stock "BEAM" from its platform. Withdrawals of BEAM from Binance will continue to be supported until 2023-04-27 at 01:00 (UTC). BEAM also shared this news on Twitter.
The decision to delist a stock from an exchange is usually based on various factors such as low trading volume, lack of liquidity, regulatory issues, and a decline in the stock's value. In the case of BEAM, it is not specified the reason for the delisting.
Traders and holders of BEAM are advised to withdraw their assets from the exchange before the delisting date. After the delisting, the trading of BEAM will no longer be available on Binance and holders will not be able to deposit or withdraw the stock.
This decision of delisting can have an impact on the market of the stock, and it's important for the holders to be aware of this and take the necessary measures. It's always important to do your own research and stay informed of the latest developments in the market.
For more info check this out: https://www.binance.com/en/support/announcement/binance-will-delist-beam-on-2023-01-26-a80d47617f1046b883b5ba237d2c75a7
BEAM's Tweet: https://twitter.com/beamprivacy/status/1615960689071341570?s=20&t=BdkcS6fjvqON0zIel2_1fg
- "Papyrus: the key to mass adoption of StarkNet"
StarkWare, a company that develops scaling solutions for Ethereum (ETH), has released a new full node client called "Papyrus" for its ZK rollup solution called "StarkNet" on January 11th. Papyrus is built using the programming language "Rust" and is open-sourced under the Apache license. The company claims that Papyrus will help pave the way for mass use of StarkNet.
StarkNet uses ZK Rollup technology, which aggregates multiple transactions processed off-chain into a single cryptographic certificate and stores it on the Ethereum blockchain. It offers higher fraud resistance and faster transaction processing times comparPapyrus is the third type of StarkNet full node client and it is expected to improve network decentralization and redundancy. The diversification of clients can reduce the impact of a denial of service attack (DoS). StarkNet was launched on the Ethereum mainnet in November 2021 but is still in the alpha stage.
StarkNet is currently in the second step of its three-step roadmap which includes: establishing usability, improving performance, and decentralization. Papyrus is expected to improve the processing performance of the "sequencer," which is responsible for generating blocks on StarkNet. It will also be the basis for providing the storage layer for the upcoming "StarkNet Sequencer" feature.
The Papyrus team is working with the teams behind the other two StarkNet node clients, Pathfinder and Juno, to form the foundation for a peer-to-peer (P2P) layer for StarkNet. This will greatly improve the network synchronization time and lead to a more decentralized network. Ethereum co-founder Vitalik Buterin has stated that he expects many rollup projects to become more decentralized by the end of 2023 and move to "stage 1 (limited training wheels)," which reduces the level of trust required in rollup developers and increases the safety of using L2.ed to other rollup solutions.
Check this out: https://twitter.com/StarkWareLtd/status/1613154088866160641?s=20&t=td9ohLkXbYF1Knd_arOmSw
- Azuki's Hilumia: A Virtual City for Art Exhibitions, Toy Stores, and More
Azuki is a decentralized, anime-inspired NFT project that aims to build a brand centered around NFTs. Anime-inspired NFT project Azuki has marked its first anniversary by launching an online city called Hilumia.
The virtual hub is designed to be a crossroads of the "Garden", listing various brands built by Azuki's community of developers and artists. Hilumia's map will feature billboards advertising upcoming reveals, including an art exhibition, toy store, design studio, and game center. The city also uses "badges" given to participants in past Azuki events, such as gyms, dojos, ballrooms, and skateboard communities, to grant access to certain areas.
Azuki announced on 12th January over Twitter. here is the link. https://twitter.com/AzukiOfficial/status/1613600118472847360?s=20&t=fv5r2UvNKzRLrhcGkNlSJw
- **Celebrating Bitcoin's 14th Birthday: A Look at the History and Future of Bitcoin**
Today marks the 14th anniversary of Bitcoin, a revolutionary digital currency that has changed the way we think about money and financial transactions. Since its launch in 2009, Bitcoin has become an increasingly popular form of payment for goods and services around the world. To celebrate this milestone, let’s take a look at how it all began and what lies ahead for this groundbreaking technology.
Bitcoin was created by Satoshi Nakamoto in 2008 as an open-source software project with no central authority or middlemen involved in its operations. The idea behind it was to create a decentralized system where users could transfer funds without having to go through banks or other traditional financial institutions. This meant that users had full control over their finances without any third party interference – something many people found appealing due to increasing distrust towards banks after the global economic crisis of 2008-2009.
Since then, Bitcoin has grown exponentially both in terms of user adoption and value appreciation; from being worth just fractions of cents when it first launched up until now trading at thousands per coin - making some early adopters millionaires along the way! It is estimated that today there are more than 10 million active bitcoin wallets worldwide holding nearly $200 billion worth combined - proof enough that cryptocurrency is here to stay!
As we move forward into 2023 with new technologies such as blockchain gaining traction across various industries including finance & banking, healthcare supply chain management, etc., one can only assume what kind of potential opportunities await us down on road. With governments slowly starting to recognize cryptocurrencies like BTC as legal tender & major companies investing heavily into research & development related projects, the future definitely looks bright! We may even see mass adoption within next few years which will allow everyone access to these amazing benefits associated with crypto assets.
All things considered, it's safe to say bitcoin made great strides since its inception 14 years ago showing immense promise to continue doing so well beyond foreseeable future!
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