News

  • The status quo of the virtual currency trading market in South Korea: 20-30 years old are the main crowd speculators

    When it comes to South Korea, the first thing that comes to mind is the developed entertainment and cultural industry? cosmetic technology? Is it kimchi? Or the origin of the universe? However, behind these familiar labels, there is a title that is not well known to the public: the country of currency speculation. South Korea is currently almost the status quo of the whole people’s currency speculation, we might as well look at a set of data: According to the Times Weekly, 1 in 5 young Koreans is speculating on Bitcoin. This conclusion is supported by…

    2022-06-25 News
  • 1st Anniversary of the El Salvador Bitcoin Experiment: A Remedy or a Deeper Mire

    El Salvador has invested about $103 million in Bitcoin, and now has a loss of $57.41 million. El Salvador has been the arena for monetary experiments. In 2001, the U.S. dollar became the country’s only legal tender. On June 9, 2021, El Salvador’s Congress formally voted to pass the Bitcoin Act, becoming the first country in the world to declare Bitcoin as legal tender, causing a sensation in the entire crypto industry and even the traditional financial industry. It has been a year since El Salvador’s Congress passed the Bitcoin Act, during…

    2022-06-25
  • Bankless: A quick look at the top 10 browser wallets and their pros and cons

    First things first: Browser wallets are crypto wallets designed to be used through a web browser. For most of us, when we see “browser wallets,” we think of browser extension projects like MetaMask that people can download directly into browsers like Chrome, Brave, etc. But there are many more projects. In addition to wallet extensions, there are various browser-centric services that fall under the category of “browser wallets”. So, which one provides the most value? To answer this question, I reviewed 10 different browser wallet projects involving four different wallet flavors. They are:…

    2022-06-25 News
  • Getting Started Tutorial: How Web3 Startup Funding Is Different From Web2

    Funding is one of the most difficult and important challenges for both Web2 and Web3 startups. However, the Web3 ecosystem differs from Web2 in that entrepreneurs can raise funds in an unprecedentedly decentralized way.  For an early-stage Web3 company, the best approach is to get a start-up capital first, like a Web2 startup. But in subsequent funding rounds, Web2 and Web3 startups start to take different paths. This article will explore the following topics and how Web3 startups are responding: Early stage of startup Start-up capital and pre-seed funding channels…

    2022-06-25
  • Can Web3 Save the Lost Internet Man

    In 2022, the new darling of the global VC circle, Web3, has become a new outlet for Internet people. After 20 years of development in the Internet industry, the industry has become highly centralized. In front of users and individuals, the platform has the absolute right to speak. With the peak of business growth and the exhaustion of policy dividends, Internet companies have to explore paths other than traffic, and involution has become synonymous with their much-criticized. Where is the next exit? The 29-year-old Awu chose to leave the Internet giant…

    2022-06-25 News
  • Powell Hearing Day 2: The Era of Stablecoin Regulation Is Coming

    At 22:00 on June 23, 2022, Federal Reserve Chairman Powell reappeared in Congress to attend the semi-annual monetary policy report hearing of the House Financial Services Committee. At the meeting, Powell reiterated his hawkish claim that “the Fed’s commitment to combating high inflation in the United States is unconditional.” Here are the highlights of the hearing: Regarding interest rate hike/shrinking balance sheet: The current inflation situation reinforces our desire to raise interest rates quickly. Rate hikes are expected to continue this year, with further hikes over time. The balance sheet will eventually…

    News 2022-06-24
  • The current situation of the digital stablecoin market: the market value has shrunk by $32.8 billion USDC is on the rise

    The recent sharp drop in crypto-asset prices in the short term has sparked massive liquidations and chain reactions. First, CeFi lending platform Celsius suspended withdrawals and transfers due to user runs due to stETH de-anchoring; then well-known investment institutions and market makers 3AC were exploded to sell assets to repay debts, and there are still at least about $660 million in debt exposure. It may constitute a breach of contract; and the community of Solend, the largest lending platform on Solana, proposed to take over a giant whale account because it…

    2022-06-24 News
  • Which outlets are worth paying attention to under the Web3 wave?

    Web3 is the most representative topic this year. In addition to the influx of a large number of related Web3 financing news around the world, the “Web3 Revolution: Escape, Faith, and Great Migration” published by Huxiu even revealed that many technical gods and engineers from many domestic Internet companies have left and joined Web3. In the craze, it attracted wave after wave of eyeballs. According to industry insiders, Web3 has surpassed hard technology and consumer goods and has become a recognized annual hot track in the entire investment circle. In…

    2022-06-24 News
  • A quick look at the distribution of 36 million OPs in the Optimism Governance Fund

    In Optimism’s 230 million OP governance fund, 36 million OP will be allocated to 25 ecological projects in phase 0, and the proposed allocation plan has been voted on. In addition to Optimism’s valuable airdrop, tokens that accounted for 5.4% of the total initial token supply (about 230 million pieces) were allocated to the governance fund, which was divided into two stages: Phase 0 and Phase 1, in which the governance fund Voting for all 25 projects in Phase 0 has been passed, and a total of approximately 36 million…

    2022-06-24
  • StarkWare Introduces StarkEx V4.5 A Quick Look at New Features

    focus • StarkEx version 4.5 is here! • Volition: Allows users to choose the data availability model they want to use for each of their assets: Rollup (on-chain data) or Validium (off-chain data) • Support ERC-1155 • Transaction bundling – execute the transaction bundling, or not We are happy to announce the release of StarkEx  version 4.5 ! Today, StarkEx already supports many applications and many use cases, including perpetual contract trading for dYdX, NFT marketplaces for ImmutableX and Sorare, spot trading for DeversiFi, and DeFi-Pooling for Celer. As the scope of StarkEx use cases expands , we will continue…

    News 2022-06-24
  • Web3 Unlocks a More Valuable Internet

    Foreword : The Internet is about to undergo major changes. While today’s mainstream platforms guard their treasure troves of user data and maintain their edge through network effects, new companies — through their so-called “Web3” model — are offering new value propositions to users. In Web3, users own whatever content they create (such as posts or videos) and the digital objects they purchase, rather than the platform’s full control over the underlying data, and these digital assets are often portable. This new paradigm has several important advantages: if these new…

    News 2022-06-24
  • Lessons from history: What are the similarities and differences between the Three Arrows crisis and Lehman Brothers?

    History always repeats itself, and the new regulations of the US government after 2008 may be a reference for the future of the encryption market. Recently, Chinese and foreign media like to compare the liquidation of 3ac (Three Arrows Capital) to the “Lehman Crisis in the currency circle”, but they have not made in-depth details on what is similar between the two and where they are different. discuss. I reviewed the ins and outs of the financial crisis in 2008, and dismantled it and compared it with the Three Arrows…

    2022-06-24 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