CoinYuppie

  • Understand the governance history and evolution of Uniswap and SushiSwap

    Uniswap and SushiSwap, with almost identical source codes, have continued to evolve under the guidance of their respective communities, forming different governance structures. In the crypto space, we have a heavyweight matchup – Uniswap vs SushiSwap. These DeFi protocols started out with almost identical source code, but have since evolved under the guidance of their respective communities. Their different governance structures and processes frame each community’s trajectory in determining the future of its underlying protocol. To understand the impact of these decisions, let’s delve into the governance history and evolution of these two…

    2022-06-24 DeFi News
  • At a glance Horizon was attacked and lost about 100 million US dollars follow-up

    On June 24, the Harmony team tweeted that it found that the Horizon cross-chain bridge was attacked, with a loss of about $100 million. Horizon is an asset cross-chain bridge developed by the Layer1 public chain Harmony and Ethereum. Harmony said it is currently working with relevant authorities and experts to track down the attackers and recover the stolen assets. In addition, Harmony said that the trustless Bitcoin cross-chain bridge has not been affected, and the exchange has been notified and suspended the Horizon cross-chain bridge. The attacker’s address is 0x0d043128146654C7683Fbf30ac98D7B2285DeD00. Harmony noted…

    2022-06-24
  • Harmony caught in hacker attack

    On June 24th, Horizon, an asset cross-chain bridge developed by the public chain Harmony, was attacked by hackers, and the loss amounted to about 100 million US dollars. Harmony said that it has cooperated with relevant departments and experts to track down the attacker and recover it. Stolen Assets. At present, Harmony’s Bitcoin cross-chain bridge has not been affected, and the related asset activities of the Horizon cross-chain bridge have been suspended. The Harmony team discovered the hacking attack on June 23, Beijing time, and published the attacker’s address in…

    2022-06-24
  • Bankless: 3 red flags to watch out for in a market downturn screening program

    Investors need to be able to identify red flags for projects to avoid: oversupply of tokens, over-representation of native tokens in the DAO treasury, and protocols with poor governance practices. Smart investors know when to hold on, when to move forward, and when to sneak out the back door. To get the most out of this market, you have to survive in order to thrive. And survival isn’t always about who has the flashiest tech or the highest TVL. It tends to relate to factors such as tokenology, governance, finance, leadership,…

    2022-06-24 News
  • The absurd and dumbfounded moments in this bull market

    Every bull market is worth reviewing, and market sentiment is worth recording. What kind of emotions will happen what kind of events, the market will always be our best teacher. Dr. Nick Almond, founder of FactDAO, recorded the incredible and stunned events in this bull market, let’s relive it together. The following text is compiled from the views posted on social media by FactDAO founder  Dr. Nick Almond  . This Crypto cycle is even weirder than the IC0 craze of 2017/18. Here are some representative events that I have picked out, and in general, there…

    2022-06-24
  • There are more and more platforms where the liquidity crisis in the currency circle continues to spread and freeze withdrawals

    Some people are in turmoil, and some people want to take advantage of the situation. Once a play with depleted liquidity starts, anyone can become the protagonist of the next act. From the “currency bank” Celsius, to the largest hedge fund in the currency circle, Three Arrows Capital, and then to the “currency circle broker” Voyager Digital, some of the lights on the stage are now distributed to the cryptocurrency exchange CoinFlex. CoinFlex said it has suspended all withdrawal transactions on its platform due to “extreme market conditions” and “continued…

    News 2022-06-24
  • Web3 subverts “traditional media” and may rely on this “mirror”

    When every article can be turned into NFT. In the history of the Internet, almost every technological change requires a new “public opinion field” to popularize new technologies and ideas. From the early BBS, to the chat room of the portal website, to the “barrage” of the video, it is all like this. Twitter and Telegram can be said to be the “information base” for Web3 practitioners, but a platform less than two years old, Mirror, is becoming Web3’s new “content center”. Countless blockchain Vs, practitioners and enthusiasts have gathered on Mirror…

    2022-06-24 News
  • Analysis of the Harmony cross-chain bridge hacking incident with a loss of nearly 100 million US dollars

    At 19:06:46 on June 23, 2022 Beijing time, the CertiK audit team detected that the cross-chain bridge between Harmony Chain and Ethereum has experienced multiple malicious attacks . According to the analysis by security experts of the CertiK team, the attack may have originated from the hacker’s possession of the owner’s private key – the owner of the MultiSigWallet controlled by the attacker directly called confirmTransaction() to transfer a large amount of tokens from Harmony’s cross-chain bridge, resulting in the transfer of a large amount of tokens on the Harmony chain. Assets worth approximately…

    2022-06-24 Ethereum News
  • DAO: The impact of Uniswap and SushiSwap on the future development of DAO

    In the crypto space, we have a heavyweight matchup – Uniswap vs SushiSwap. These DeFi protocols started out with almost identical source code, but have since evolved under the guidance of their respective communities. Their different governance structures and processes frame each community’s trajectory in determining the future of its underlying protocol. To understand the impact of these decisions, let’s delve into the governance history and evolution of these two technically similar protocols. A Brief History of Uniswap and SushiSwap Most crypto veterans are familiar with the Uniswap and SushiSwap saga. It was…

    2022-06-24 News
  • 5 indicators analysis to take you to explore potential NFT projects

    The price of NFTs is very volatile. In a bull market, many people lose money in their trades, and in a bear market this is even more so. With the growth of transaction volume, more and more celebrities enter the market, and more and more VCs also start to invest in NFT projects, NFT is rapidly becoming an alternative investment. While there is a lot of talk about the value and sustainability of NFTs, many celebrities do believe that choosing a promising NFT project is an esoteric subject. Even if some…

    2022-06-24 Metaverse & NFT News
  • What are the CoinList 2022 Summer Seed Projects?

    On June 24, CoinList announced the list of CoinList seed projects in the summer of 2022. The project introduction is as follows: 1. Arrow Markets Arrow Markets is a Web3 options trading platform based on Avalanche. Option contracts can form the basis of financial asset prices, and a rich variety of derivatives and structured products can be constructed from simple options. Arrow has a dual pool system that supports options creation and settlement functions. The first pool holds the net premium (long-short) from option trades, and collateral from sellers. AMM sets a premium…

    News 2022-06-24
  • Meta shipments cut by 3 million Taiwan Metaverse is about to hit the ceiling?

    On the bright side, Byte and Tencent have an opportunity to catch up with Meta. Meta shivered, causing a huge earthquake in the domestic Metaverse circuit. On June 22, Ming-Chi Kuo, a well-known technology analyst at Tianfeng International, posted on Twitter that the Meta Metaverse intelligent hardware business has a downward trend. Meta has cut 2022 Oculus series headset shipments by 40%, down from an original forecast of 10-11 million units to 7-8 million units. In addition, Meta has also suspended all new XR headset hardware projects beyond 2024. Later,…

    2022-06-24 Metaverse & NFT News
  • Otaku can’t save the Metaverse

    Much like the AI ​​of the past, in 2022, the Metaverse has already disappeared in the context of the Internet. Previously, the public had always regarded Facebook, which changed its name to Meta, as a joke, ridiculed its greenish stock price, and mocked the crudely modeled little people in the virtual concert. The latecomer Baidu also failed to get rid of the situation of being ridiculed. But in the business world, the Metaverse is on the rise. On the one hand, there are capitalists who hold high the banner and…

    2022-06-23
  • Meta shipments are cut by 3 million units, is the Metaverse about to hit the ceiling?

    Meta shivered, causing a huge earthquake in the domestic Metaverse circuit. On June 22, Ming-Chi Kuo, a well-known technology analyst at Tianfeng International, posted on Twitter that the Meta Metaverse intelligent hardware business has a downward trend. Meta has cut 2022 Oculus series headset shipments by 40%, down from an original forecast of 10-11 million units to 7-8 million units. In addition, Meta has also suspended all new XR headset hardware projects beyond 2024. Later, Ming-Chi Kuo posted again that shipment forecasts are based on investigations and judgments, not official…

    2022-06-23 Metaverse & NFT News
  • XR creation platform “Qile Wuji” received nearly 100 million yuan in Series A financing, which will promote the construction of the Metaverse ecosystem

    XR virtual creation platform company Qi Le Infinite announced the completion of nearly 100 million yuan in Series A financing. This round of financing was led by AVIC Trust, with Lakala and Blue Cursor following. This round of financing will be used for the research and development of the domestic independent XR virtual creation platform, which will promote the joint research and development of multiple parties, promote the application expansion and commercialization of XR creation in key industries, and help the construction of the Metaverse ecosystem. Qi Le Infinite is…

  • Powell Hearing: Put on the hawk’s vest again, stressing that private stablecoins cannot become digital dollars

    On Thursday, local time, Federal Reserve Chairman Powell went to the House of Representatives to provide testimony to the Financial Services Committee. Similar to yesterday, a series of speeches by the Fed chairman remained focused on the possible risks facing the U.S. economy next. The first and most noteworthy is that after yesterday’s hearing, multiple media reports said that Powell did not appear the word “unconditional” in the wording of his pledge to control inflation, which may indicate that the Fed is not as hawkish as the outside world feared. Powell, who…

    2022-06-23
  • Bankless: 3 red flags for those ‘NGMI’ projects in a bear market

    Smart investors know when to hold on, when to move forward, and when to sneak out the back door.To get the most out of this market, you have to survive in order to thrive.And survival isn’t always about who has the flashiest tech or the highest TVL. It tends to relate to factors such as tokenology, governance, finance, leadership, and community.Today, Bankless analyst Ben Giove laid out red flags for trouble-prone crypto projects in this bear market.There is an alpha that makes you money, and an alpha that makes you lose…

    2022-06-23 News
  • After Bitcoin plummeted 70%, the first short-selling ETF in the United States came out, and the crypto winter is not over yet?

    Bears who think the cryptocurrency crash isn’t over yet have a new tool to bet on Bitcoin’s fall. Financial institution ProShares on Tuesday launched a short bitcoin strategy ETF (symbol BITI), the first bitcoin-pegged inverse ETF in the United States. Bears who think the cryptocurrency crash isn’t over has got a new tool to bet on Bitcoin’s fall.Financial institution ProShares on Tuesday launched a short bitcoin strategy ETF (symbol BITI), the first bitcoin-pegged inverse ETF in the United States. By inversely tracking the performance of the bitcoin futures index, the ETF hopes…

    News 2022-06-23
  • From the stETH discount: stETH pricing, liquidity and risk

    Recently, rumors of the insolvency of the well-known lending platform Celsius have been rampant, and Celsius and other large institutions in crisis have sold assets to raise funds, triggering a decoupling of stETH prices. At present, the exchange rate between stETH and ETH on Curve is roughly maintained at around 0.937. The decoupling of stETH from the price of ETH has caused panic in the market. Some people worry that stETH will follow the footsteps of UST, and the price will fall into a death spiral. So, what exactly is Celsius’ massive…

    2022-06-23 Ethereum News
  • 20 provinces and cities announced the Metaverse Roadmap to usher in new opportunities for development

    According to the “China Metaverse Industry Market Prospects and Investment Opportunities Research Report” released by the China Business Industry Research Institute, during the “14th Five-Year Plan” period, strategic emerging industries must be developed, and the national level will attach importance to artificial intelligence, virtual reality, mobile Internet, and the Internet of Things. , the development of industries such as blockchain, the national level and the “14th Five-Year Plan” outlines of various provinces and cities have mentioned related industries many times, which has promoted the development of Metaverse related industries. With…