Enso mounting ‘vampire attack’ on six crypto index projects

The Enso team hopes to capture over a billion dollars in total value locked (TVL) from the stunt, but users must remain staked for at least 3 weeks to see any benefit. Metaverse-based social trading platform Enso Finance has announced its plans to launch its platform by performing a “vampire attack” on six major crypto index projects on Dec. 9. A vampire attack is when a platform entices users and liquidity from a competing platform by offering higher incentives for use. In September 2020, SushiSwap performed a vampire attack that…

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Sophia AI robot to be tokenized for Metaverse appearance

A collection of 100 “intelligent NFTs” will be auctioned in Binance on Dec. 16 as Sophia takes a trip into the Metaverse. A virtual anime version of Sophia, the world-famous humanoid artificial intelligence (AI) robot, is set to be tokenized and auctioned off as part of an up-and-coming Metaverse project dubbed “Noah’s Ark.”  Sophia was developed by Hong Kong-based firm Hansen Robotics in 2016 and is known across the globe for her conversation skills and articulate speaking ability. In her first 5 years, Sophia has addressed the United Nations and…

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Binance plans to become registered UK firm despite regulatory setbacks

The exchange’s CEO says it plans to expand to the U.K. in the next six to 18 months, despite being ordered by the country’s regulator to cease trading in June. Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year. The U.K.’s Financial Conduct Authority (FCA) revoked Binance’s ability to trade in Britain in June, amid a sweeping regulatory crackdown on crypto exchanges. Binance is one…

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Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit

The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay. Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain. Further investigation from the team revealed a concurrent hack of $96 million over the crypto exchange’s…

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Traders say ATOM could eventually do an AVAX-like surge to $100

Fractals, bullish technical analysis patterns and the fact that 67% of the total supply is staked are key reasons why analysts expect ATOM to hit new highs shortly. Cosmos (ATOM) has the potential to record major gains in the upcoming weeks primarily because its longer-timeframe chart is showing a bullish continuation pattern.  Dubbed “bull flag,” the structure appears as the asset trends lower while bouncing between two downward sloping trendlines. However, it eventually breaks out of the range, in the direction of its previous trend, with a profit target at…

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Deadmau5 and Portugal The Man release single as 1M NFTs in bid to go platinum

The award-willing artists want their new release “This is Fine” to become the first NFT single ever to go platinum, but it’s unclear whether that is even possible. Dance music star Deadmau5 and Grammy award-winning indie rock band Portugal The Man (PTM) have teamed up to release one million copies of their new single “This is Fine” as nonfungible tokens (NFTs). The single was released on Deadmau5’s (whose real name is Joel Zimmerman) label, Mau5trap with the aim to have the single be the first NFT to go platinum. The…

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In 2013, Wired destroyed the key to 13 BTC now worth $760K… to make a point

Wired considered donating their holdings to charity back in 2013, but instead decided the “obvious” choice was to destroy the key to their wallet holding 13 BTC. There has been no shortage of people and institutions that woefully underestimated the potential of cryptocurrency. Among the ranks of once-were Bitcoin naysayers is Wired, which destroyed the private key to a Bitcoin (BTC) wallet holding 13.34623579 BTC back in 2013 in order to make the point the cryptocurrency was nothing more than an “abstraction”. The Bitcoin in the now inaccessible address is…

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Borderless Capital launches half billion dollar fund for Algorand projects

Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain. Capital venture firm Borderless Capital has launched a fund worth $500 million to support projects building on the Algorand blockchain. According to a Nov. 30 announcement from the Miami-based company, the Borderless ALGO Fund II will aim to back digital assets powering the “next generation” of decentralized applications (DApps) on Algorand. We are excited to announce the launch of our $500M Borderless ALGO Fund II!https://t.co/EP0U6Ib8HV pic.twitter.com/okXf6GBFo8…

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Bitcoin network settling an average of $95K for every $1 in fees

Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees. The Bitcoin network’s value settlement efficiency has been improving steadily recently, with more being settled for lower fees. Over the past week, the Bitcoin network has transferred or settled an average of $95,142 of value for every $1 worth of fees. The on-chain settlement efficiency has been gradually increasing since May as more has been moved around the network during the bull cycle. On-chain analyst Dylan LeClair made the observation using data from…

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Half of Uniswap v3 liquidity providers are losing money: New research

A recent study of Uniswap v3 pools revealed that on average, almost half of the liquidity providers are losing money due to impermanent losses. Recent research shows that impermanent losses have become an increasing issue for liquidity providers on Uniswap v3.  A Nov. 17 report by Topaz Blue and the Bancor Protocol found that 49.5% of liquidity providers on Uniswap v3 have incurred negative returns from impermanent loss (IL). The report highlighted that Uniswap v3 generates the highest fees of any automated market maker (AMM) today, but IL surpasses those…

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