In the latest episode of as the bridge turns, a16z used its considerable UNI holdings for a big fat “No” vote against Wormhole in the full governance vote on deploying Uniswap V3 to BNB Chain.
As a reminder, Andreeseen Horowtiz’s crypto arm couldn’t vote in last week’s temperature check because they had issues accessing their 15 million tokens. Wormhole, backed by Jump Crypto, was able to secure the most votes, edging out a16z-favored LayerZero.
OxPlasma Labs put forward the latest proposal to deploy Uniswap V3 on BNB Chain, using the Wormhole bridge for the deployment. A16z threw its 15 million votes against Wormhole. Voting will conclude on Feb. 10.
While the debate about these bridges is partly about security — cross-chain bridges have been the target of numerous attacks, including last year's $325 million attack on Wormhole — the involvement of the two massive VC firms makes it all the more interesting.
Wormhole proponents were hoping to avoid this scenario, with one person close to the project telling The Block: "If a16z goes against community vote and tries to tank it, I'd be shocked. That would be truly abhorrent, and I don't think they would go that far."
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As a reminder, Andreeseen Horowtiz’s crypto arm couldn’t vote in last week’s temperature check because they had issues accessing their 15 million tokens. Wormhole, backed by Jump Crypto, was able to secure the most votes, edging out a16z-favored LayerZero.
OxPlasma Labs put forward the latest proposal to deploy Uniswap V3 on BNB Chain, using the Wormhole bridge for the deployment. A16z threw its 15 million votes against Wormhole. Voting will conclude on Feb. 10.
While the debate about these bridges is partly about security — cross-chain bridges have been the target of numerous attacks, including last year's $325 million attack on Wormhole — the involvement of the two massive VC firms makes it all the more interesting.
Wormhole proponents were hoping to avoid this scenario, with one person close to the project telling The Block: "If a16z goes against community vote and tries to tank it, I'd be shocked. That would be truly abhorrent, and I don't think they would go that far."
📍 Follow @Coins for the hottest news in crypto.
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Ethereum scaling project StarkWare plans to open-source the StarkNet Prover in an effort to make the technology publicly available and increase the transparency of its code.
The prover is a crucial component of the Layer 2 scaling network for Ethereum based on the ZK-STARKs technology.
The prover is responsible for generating cryptographic proofs to compress transactions and improve the efficiency of Layer 2 scaling.
The open-sourcing of the StarkNet Prover will allow for more individuals to review the code, helping to detect bugs and increase transparency.
Eli Ben-Sasson, co-founder of StarkWare and co-inventor of ZK-STARKs, said, "This marks a significant step for scaling Ethereum and cryptography, as STARK technology becomes a publicly available resource."
Today's decision will mark the completion of open-sourcing the full StarkNet software stack once implemented in near future, the team said.
📍 Follow @Coins for the hottest news in crypto.
The prover is a crucial component of the Layer 2 scaling network for Ethereum based on the ZK-STARKs technology.
The prover is responsible for generating cryptographic proofs to compress transactions and improve the efficiency of Layer 2 scaling.
The open-sourcing of the StarkNet Prover will allow for more individuals to review the code, helping to detect bugs and increase transparency.
Eli Ben-Sasson, co-founder of StarkWare and co-inventor of ZK-STARKs, said, "This marks a significant step for scaling Ethereum and cryptography, as STARK technology becomes a publicly available resource."
Today's decision will mark the completion of open-sourcing the full StarkNet software stack once implemented in near future, the team said.
📍 Follow @Coins for the hottest news in crypto.
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VISA: We’ve been testing how to accept large settlement payments in USDC on Ethereum
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
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Forwarded from Crypto Rekt Liquidations Bot
Binance to Suspend USD Bank Transfers Feb 8th: Spokesperson
Suspension Expected to Last 'A Couple Weeks' Until New Banking Partner Is Established.
Suspension Expected to Last 'A Couple Weeks' Until New Banking Partner Is Established.
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The 7-day moving average of daily transactions on the Bitcoin network reached 312.6k on Saturday, a new high since February 2021.
A lot of hype has recently broken out over the Ordinals Bitcoin NFTs. These NFTs take advantage of upgrades made with Segwit and Taproot that make it cheaper to store data in transactions.
📍 Follow @Coins for the hottest news in crypto.
A lot of hype has recently broken out over the Ordinals Bitcoin NFTs. These NFTs take advantage of upgrades made with Segwit and Taproot that make it cheaper to store data in transactions.
📍 Follow @Coins for the hottest news in crypto.
A new beginning? Genesis subsidiaries and parent company Digital Currency Group have reached an initial agreement on a restructuring plan with a group of the firm’s main creditors, according to CoinDesk.
The principal agreement includes winding down the Genesis loan book and the sale of the bankrupt Genesis entities, according to a person familiar with the situation who spoke to CoinDesk.
A term sheet includes refinancing outstanding loans where Digital Currency Group borrowed $500 million in cash and about $100 million worth of bitcoin from Genesis.
The agreement will be solicited to other creditors, including customers of the Gemini Earn lending product, CoinDesk reported, citing the person familiar with the matter.
Reminder: Genesis filed for bankruptcy protection last month after taking a financial hit following the collapses of crypto hedge fund Three Arrows Capital and exchange FTX last year.
📍 Follow @Coins for the hottest news in crypto.
The principal agreement includes winding down the Genesis loan book and the sale of the bankrupt Genesis entities, according to a person familiar with the situation who spoke to CoinDesk.
A term sheet includes refinancing outstanding loans where Digital Currency Group borrowed $500 million in cash and about $100 million worth of bitcoin from Genesis.
The agreement will be solicited to other creditors, including customers of the Gemini Earn lending product, CoinDesk reported, citing the person familiar with the matter.
Reminder: Genesis filed for bankruptcy protection last month after taking a financial hit following the collapses of crypto hedge fund Three Arrows Capital and exchange FTX last year.
📍 Follow @Coins for the hottest news in crypto.
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Trader Joe has partnered with interoperability protocol LayerZero to convert its native ERC-20 token "joe" into an omni-chain fungible token (OFT).
The integration will enable joe tokens to be easily transferred from its native chain, Avalanche, to two other blockchains where Trader Joe operates, Arbitrum and BNB Chain.
📍 Follow @Coins for the hottest news in crypto.
The integration will enable joe tokens to be easily transferred from its native chain, Avalanche, to two other blockchains where Trader Joe operates, Arbitrum and BNB Chain.
📍 Follow @Coins for the hottest news in crypto.
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Forwarded from Bitcoins
Ark Invest investment company Katie Wood has published its long-term forecast (until 2030) on the BTC rate change:
• Bearish – provides for an increase in the price of BTC to $258,500
• Basic — increase in the value of the cryptocurrency up to $682,800
• Bullish — the asset price rises to $1.48 million.
For the calculation, analysts took into account 8 factors, for example, the amount of funds invested in cryptocurrency by institutions and the amount of transactions in digital assets.
https://ark-invest.com/big-ideas-2023/
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• Bearish – provides for an increase in the price of BTC to $258,500
• Basic — increase in the value of the cryptocurrency up to $682,800
• Bullish — the asset price rises to $1.48 million.
For the calculation, analysts took into account 8 factors, for example, the amount of funds invested in cryptocurrency by institutions and the amount of transactions in digital assets.
https://ark-invest.com/big-ideas-2023/
📍 Follow @Coins for the hottest news in crypto.
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ENS DAO's proposal to "sell 10,000 ETH to cover operating expenses for the next two years" has been approved and will be implemented after the 2-day lock-up period. ENS DAO previously held 40,746 ETH and 2.46 million USDC.
Specification:
1. Transfer 935,000 USDC and 254 ETH to ens-ecosystem.pod.xyz
2. Transfer 364,000 USDC, 125 ETH, and 3,500 $ENS to ens-metagov.pod.xyz
3. Transfer 250,000 USDC and 50 ETH to ens-publicgoods.pod.xyz
https://discuss.ens.domains/t/ep-3-2-executable-q1-q2-2023-working-group-funding/16123
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Specification:
1. Transfer 935,000 USDC and 254 ETH to ens-ecosystem.pod.xyz
2. Transfer 364,000 USDC, 125 ETH, and 3,500 $ENS to ens-metagov.pod.xyz
3. Transfer 250,000 USDC and 50 ETH to ens-publicgoods.pod.xyz
https://discuss.ens.domains/t/ep-3-2-executable-q1-q2-2023-working-group-funding/16123
📍 Follow @Coins for the hottest news in crypto.
ENS DAO Governance Forum
[EP 3.2] [Executable] Q1/Q2 2023 Working Group Funding
Status Executed Vote Tally Authors Slobo.eth, Katherine Wu, Coltron.eth Abstract This proposal executes all three Working Group funding requests for Q1/Q2 2023 as passed in EP 3.1.1, EP 3.1.2, and EP 3.1.3. For more detail, view the ENS Governance…
All AI & Big Data Tokens pumping. Thanks to ChatGPT and Bard.
Did you buy any AI/Big data token in the last 7 days?
👍 Yes
👎 No/No, but I already own some
📍 Follow @Coins for the hottest news in crypto.
Did you buy any AI/Big data token in the last 7 days?
👍 Yes
👎 No/No, but I already own some
📍 Follow @Coins for the hottest news in crypto.
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Forwarded from Crypto News - Fast Market Moving⚡️
⚡ Ethereum Whales Acquires 50,905,707,716,073 SHIB, Currently Valued At Over $735M.
@Crypto_News | link
@Crypto_News | link
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Forwarded from Crypto Rekt Liquidations Bot
In response to the devastation caused by the recent earthquake in Turkey, Binance will airdrop BNB worth USD $100 to all Binance users identified to be living in the regions most affected by the tragedy.
https://www.binance.com/en/blog/charity/binance-to-airdrop-%24100-usd-1883-try-in-bnb-to-users-in-the-turkey-earthquake-region-8156736968497181390
https://www.binance.com/en/blog/charity/binance-to-airdrop-%24100-usd-1883-try-in-bnb-to-users-in-the-turkey-earthquake-region-8156736968497181390
Binance Blog
Binance to Airdrop $100 USD (1883 TRY) in BNB to Users in the Turkey Earthquake Region | Binance Blog
In response to the devastation caused by the recent earthquake in Turkey, Binance will airdrop BNB worth USD $100 to all Binance users identified to be living in the regions most affected by the tragedy.
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The Bank of England has officially launched its digital pound CBDC project.
https://watcher.guru/news/bank-of-england-launches-digital-pound-cbdc-project
📍 Follow @Coins for the hottest news in crypto.
https://watcher.guru/news/bank-of-england-launches-digital-pound-cbdc-project
📍 Follow @Coins for the hottest news in crypto.
Watcher Guru
Bank of England Launches Digital Pound CBDC Project
The Bank of England has launched a Digital Pound CBDC project to introduce "a new form of digital money" for UK households and businesses
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Forwarded from Crypto Rekt Liquidations Bot
Uniswap DAO votes to deploy the V3 on BNB Chain
The proposal passed the 40M vote threshold with 50M votes "For".
The proposal passed the 40M vote threshold with 50M votes "For".
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The Graph unlocked 36.8M $GRT($7.35M) and sent 18M $GRT($3.6M) to #Coinbase 7 hrs ago!
And graph.eth has been transferring $GRT to #Coinbase at price highs almost every time since Dec 15, 2022.
The price of $GRT increases by ~60% today.
https://etherscan.io/token/0xc944e90c64b2c07662a292be6244bdf05cda44a7?a=0xea68f99ac001e506551ab78c84bba95f66507743
📍 Follow @Coins for the hottest news in crypto.
And graph.eth has been transferring $GRT to #Coinbase at price highs almost every time since Dec 15, 2022.
The price of $GRT increases by ~60% today.
https://etherscan.io/token/0xc944e90c64b2c07662a292be6244bdf05cda44a7?a=0xea68f99ac001e506551ab78c84bba95f66507743
📍 Follow @Coins for the hottest news in crypto.
Ethereum (ETH) Blockchain Explorer
Graph Token (GRT) Token Tracker | Etherscan
Graph Token (GRT) Token Tracker on Etherscan shows the price of the Token $0.1001, total supply 10,773,798,861.216266910526551999, number of holders 143,594 and updated information of the token. The token tracker page also shows the analytics and historical…
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New FTX CEO John Ray billed the company $690,000 for his first 2 months of work.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
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Forwarded from Crypto Rekt Liquidations Bot
Binance will remove and cease trading on the following spot trading pairs:
At 2023-02-10 03:00 UTC: BOND/ETH, BSW/ETH, C98/BNB, C98/BRL, ERN/BNB, ENJ/GBP, KEY/USDT, TRU/RUB
At 2023-02-10 08:00 UTC: ASR/BTC, JUV/BTC, SXP/EUR
https://www.binance.com/en/support/announcement/notice-of-removal-of-trading-pairs-2023-02-10-7ec33a2d62974c3490b92ff0780ba461
At 2023-02-10 03:00 UTC: BOND/ETH, BSW/ETH, C98/BNB, C98/BRL, ERN/BNB, ENJ/GBP, KEY/USDT, TRU/RUB
At 2023-02-10 08:00 UTC: ASR/BTC, JUV/BTC, SXP/EUR
https://www.binance.com/en/support/announcement/notice-of-removal-of-trading-pairs-2023-02-10-7ec33a2d62974c3490b92ff0780ba461
Binance
Notice of Removal of Trading Pairs - 2023-02-10 | Binance Support
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians , Binance will remove and cease trading on the following spot trading p...
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