Cryptocurrency Bitcoin NEWS

2022-01-09 11:00:45 ​Huobi Exchanges High APY Products Launch

The management of the cryptocurrency exchange Huobi has announced that it has successfully launched new products with a fixed deposit and a high percentage of annual return (APY). The company stressed that this was done in order to help users of the service hedge their own risks.

Representatives of the trading platform noted that in connection with a serious drop in the Bitcoin exchange rate from its local maximum in November 2021, traders began to look for new opportunities to minimize potential losses. The consequence of this was the growing popularity of depositing cryptoassets with high APY.

The company decided to listen to the wishes of its customers and give them the opportunity to make cryptocurrency loans for predetermined periods of time. New products launched on Huobi Prime Earn Service. Huobi said users were happy about the news and demand was even higher than the company's analysts had predicted.

Users were able to use fixed deposit products for Axie Infinity, Polkadot, Polygon, Terra, Cosmos, Avalanche and Kusama. Huobi stated that users can have a monthly return of over 10%, which is an excellent indicator.

The company is confident that such products will become the future of the crypto industry. They attract new users who want not only to minimize the risks of losses, but also to receive passive income.

The service representatives stated that all previous high APY products launched on the platform showed excellent results and became very popular among the site users. Huobi currently offers 41 digital assets for depositing and earning.

Moreover, there are opportunities for investors to invest their funds and have income from decentralized finance (DeFi) and non-fungible token (NFT) projects. Öffnen / Wie

2022-01-08 11:56:01 ​AMC Will Connect Acceptance Of Dogecoin And Shiba Inu For All Payments In March

AMC CEO Adam Aron tweeted that the world's largest movie theater chain is likely to add support for the most popular coin-memes Dogecoin and Shiba Inu this March.

I have been asked repeatedly when AMC will accept Dogecoin and Shiba Inu for all payments made through the AMC site and mobile app. I was told that we are still on the way to the promised implementation, most likely this will happen in March.

At the end of October, Aron conducted a survey on Twitter to find out if the company's customers would like to see Shiba Inu among the accepted cryptocurrencies.

The overwhelming majority of respondents were in favor of adding SHIB to the payment system of cinemas.

Then the CEO of AMC tweeted that the integration will take place within the next four months. In fact, his team will be able to deliver on their promise. Öffnen / Wie

2022-01-07 11:55:54 ​Xend Finance opened the blockchain banking era to users with a new application

Xend Finance has launched the first global cryptocurrency banking application. With its help, users can create deposits in stable currencies (stablecoins) to hedge against inflation and devaluation. The program is available for iOS and Android devices.

The company representatives noted that the launch of the Xend Finance application has officially opened the era of blockchain banking to users. With the help of the Decentralized Finance (DeFi) project, investors will be able to protect their assets from inflation and earn up to 15% per annum by converting Nigerian naira to Binance USD (BUSD) stablecoin, which is pegged to the US dollar (USD). In the future, the list of available digital and fiat currencies will continue to grow. Öffnen / Wie

2022-01-06 11:57:01 ​The VeChain team will release the VeUSD stablecoin on the VeChainThor blockchain

The team of the blockchain project VeChain announced the forthcoming release of VeUSD, the first native blockchain blockchain at the corporate level VeChainThor.

The VeChainThor blockchain is an open source platform supported by the Singaporean VeChain Foundation.

According to the official statement, the release of the stablecoin will be preceded by a few more months of development. After a while, VeUSD will be launched on the main network.

The VeUSD stablecoin will be fully backed by physical reserves of fiat money at a ratio of 1: 1 and will be verified by the Prime Trustpot's laptop. According to the statement of the VeChain team, it will be fully available for redemption at any time.

It is expected that with the launch of VeUSD VeChain will open up new capabilities of WebZ and Decentralized Finance (DeFi), similar to the functionality of Ethereum.

The price of the main VeChain VET token has not grown too much by more than 9%, but then together with the common bunch of pineberries. Öffnen / Wie

2022-01-05 11:11:08 ​Tether blocked the address with cryptoactives worth more than $ 1 million

The issuer of the USDT Steel Company TETHER has entered the ETHEREUM address with cryptoactivities in the amount of more than $ 1 million. This is evidenced by EtherScan and Dune Analytics.

On December 30, TETHER caused the "AddedBlackList" function in relation to the relevant address. To whom it belongs and the reasons for its lock are unknown.

TETHER starting blocking at the end of 2017. To date, the Issuer's black list has 560 addresses.

The chart below shows that the increase in the number of blocked addresses accelerated in the second half of 2020.

The owners of the addresses entered in the blacklist cannot send, receive and repay USDT.

According to The Block, Tether has a "mechanism for reducing funds" - in some cases the Issuer may freeze USDT, and then reassure them. For example, if someone sent the stelkinos to the wrong address, the company can help restore funds - freeze coins on the wrong address and release new USDT for the user.

In the last case, the funds remain in the frozen address. Tether representatives reported publication that suspicious transactional activity is carefully studied in such situations, sometimes with the participation of law enforcement officials.

"Thanks to the freezing of TETHER addresses, it can help return funds stolen with hackers," the company explained. Öffnen / Wie

2022-01-04 12:00:33 ​CFTC regulator closes the decentralized binary options market on Polymarket

Polymarket opens up an opportunity to launch prediction markets with decentralized validation of outcomes, whose reliability is ensured by the Ethereum blockchain algorithm and the work of oracles.

A number of companies have used the platform to create a binary options market. These contracts pay a premium to a trader who guessed the close of a financial asset rate above or below a previously agreed level, after a certain time (expiration).

The reputation of binary options has suffered greatly from the actions of fraudulent firms, the scale of which has led to the ban on advertising of these types of contracts on social networks. The prediction market Polymarket removed the problem of trusting the intermediary by guaranteeing an impartial valuation at expiration and paying a premium to the winning party.

The developers have failed to convince the CFTC that they only provide a codebase and a graphical interface, without touching on holding funds or making direct profits from trades. The regulator forced Polymarket to remove more than 900 tons of smart contracts associated with binary options. Öffnen / Wie

2022-01-03 16:39:42 ​Almost 10,000 BTC withdrew from Coinbase in a week

According to the analytical platform Coinglass, almost 10,000 BTC were withdrawn from the Coinbase cryptocurrency exchange within a week.

Reportedly, amid unsuccessful attempts by bitcoin to gain a foothold above $ 50,000, Coinbase users have withdrawn a total of 9,951 BTC worth about $ 467 million. Over the same period, 2,196 BTC worth $ 103 million were withdrawn from another well-known cryptocurrency exchange OKEx.

However, while some users are withdrawing their Bitcoin holdings from Coinbase and OKEx, others are bringing them to Binance and Bitfinex.

During the week, 10,880 BTC worth almost $ 511 million were deposited on the Binance exchange, while 3505 BTC ($ 164 million) were deposited on Bitfinex.

Taking into account all the movements of bitcoin on cryptocurrency exchanges, Coinglass noted that during the week, the BTC balance on them increased by 14,166 BTC ($ 664 million).

Although the volumes at the disposal of the BTC exchange have increased slightly, the balance sheet indicators continue to be in a downtrend. Now there are 1.76 million BTC on cryptocurrency exchanges, which is almost 17% lower than the February 2021 results (then there were 2.1 million BTC).

Renowned cryptanalyst Willie Wu noted a trend in which stocks of whales with a balance of more than 1,000 BTC flow to holders with balances of less than 1 BTC:

“Now the whales have 24% of the BTC supply.
Situation as of January 1 in previous years:

2021 - 27%
2020 - 27%
2019 - 29%
2018 - 32%
2017 - 39%
2016 - 44%
2015 - 46%
2014 - 48%
2013 - 52%
2012 - 54%

Small holders buy when the exchange rate falls, and whales are slowly selling off their reserves, and thanks to this, the BTC distribution rate is getting better every year. " Öffnen / Wie

2022-01-02 11:14:50 ​North Korean hackers accused of stealing $ 1.7 billion from cryptocurrency exchanges

In their statements, the publications refer to a press release from the American prosecutor's office. They accuse the North Korean authorities of educating and supporting hackers who hack cryptocurrency exchanges from different countries. An example is the Bithumb, Kucoin and YouBit hacks made in 2017 and 2018.

Interestingly, the North Korean hackers do not sell the stolen assets, but continue to store them in their wallets.

“Considering the fact that the bitcoin rate has risen 60 times since 2017, when North Korean hackers began to hack cryptocurrency exchanges, they are using stolen cryptocurrencies as a long-term investment. For North Korea, cryptocurrencies have become the only liquid financial asset that can be used in the face of tough economic sanctions, ”said Koh Myung-Hyun, Senior Fellow at the Institute for Political Studies of Asia.

Note that North Korea has been repeatedly accused of hacking cryptocurrency services by hackers specially trained for this purpose. In February of this year, Reuters accused North Korean hackers of stealing $ 316.3 million in cryptocurrencies between the end of 2019 and November 2020. Öffnen / Wie

2022-01-01 14:26:40 ​Metavisa optimizes the network credit system and integrates decentralized identification in DAO and Gamefi

Metavisa, Level 3 Intermediate Software Protocol, helps users create and display reliable identification data and credit records in a chain by analyzing data in a chain and simplifies work with DEFI, NFT, Gamefi, Dao, etc., and also helps another project Metaverse Integrates the identification system in these applications, such as Yield Guild Games (YGG).

YGG is a decentralized autonomous organization (DAO) to invest in non-violent tokens (NFT) used in virtual worlds and battery-based games, guild games for earnings, combining players to earn through the economy based on the blockchain.

Metavisa captures actions in the Ygg user addresses chain based on the data chain, which are used to create a profile of the YGG guild. It helps Ygg is better to focus on their users and improve the results of their members, which allows you to optimize management.

Metavisa will determine the output power of users based on the retention period of the NFT gaming props for the address, for example, those who have shorter periods, as a rule, become star players with a larger output power.

Similarly, stars with a strong output value can be identified based on the withdrawal of tokens. Based on this data, in combination with the Metavisas model, you can get a science system of points that will help Ygg better manage your members and build a staircase yield structure.

Ygg seeks to create the largest cryptoeconomic community. With the help of a decentralized system of identification and lending, Metavisa YGG can get support for optimizing the community assets with maximum utility, distributing profits between the tokens holders. The participants of this DAO are the owner and manager of the entire ecosystem.

YGG is engaged in investing and the NFT control in the metavlane, partly due to their ability to serve as a basis for digital property rights. Metavisa believes that the NFT use script will be to generate cash flows for GameFI assets that have the real potential of utility and monetization.

Holding digital assets in virtual worlds is a convincing example, which begins to override the concept of "work" and democratizing access to high-paying "work" in virtual worlds.

These works are more and more remind of games. In the world where capital moves freely through the borders, and the working force is no, capital has a greater potential of profit. However, the reward for the work is higher in the virtual worlds, where "jobs" are mobile, and the barriers to the entrance are much lower. This is the revolution "play for the sake of earnings."

In this case, an improvement in the identification in the chain using a model or standard to evaluate users in DAO will be better serve to members of the DAO scientific reference speed based on the data analysis in the chain. Öffnen / Wie

2021-12-31 11:20:47 ​DeFi startup Umee raises additional $ 32 million

Umee, a protocol that creates interoperable tools for Decentralized Finance (DeFi) users, raised an additional $ 32 million through the sale of its own UMEE tokens to Coinlist.

Umee is creating a “DeFi Gateway Hub” that provides DeFi users with a range of interoperable tools that work across different networks and sites. The hub will contain the starter tools created by Umee, and will also facilitate developer development based on the initial proposals. It focuses on creating tools for cross-chain interest rates, cross-chain leverage, and multi-chain rates.

Last June alone, it raised $ 6.3 million from companies like Polychain, Coinbase and others in a seed round. Now his UMEE tokens have brought him an additional $ 32 million. The team sold tokens through CoinList, a platform that allows digital assets to be sold before they appear on exchanges.

Umee's offering was the largest number of registrants in CoinList history, reaching over 900,000 and selling out in an hour. As a result of the sale, 64,000 token holders were added to the Umee blockchain.

CEO Brent Xu said the team plans to use the recently raised funds to expand their engineering team. expand their compliance resources, expand their basic infrastructure, and expand and grow their global community through additional marketing.

To improve the interoperability of the gateway hub, Umee plans to create teams of 6-8 engineers for each blockchain network it connects to, including systems engineers, crypto engineers, and product managers. By the end of next year, it is planned to connect from five to eight networks.

The Umee ecosystem will expand to support multiple bridging blockchain infrastructures to enable connectivity between different networks. Xu said the team plans to set up a network testing infrastructure for bridging and lending and borrowing functions.

The team is planning its mainnet launch in mid-February 2022, according to the post. The beta version of the web application will be available in the coming days. Öffnen / Wie