It’s becoming increasingly common to use NFTs for good, as cryptocurrency and the blockchain have the ability to penetrate far beyond the limits of what would be possible using traditional financial tools. In an effort to raise charity for the nonprofit Heath Ledger Foundation, photographer Wattsupphoto will be releasing rarely-seen photos of the late actor.
The NFTs being released are comprised of intimate, never-before-shared photos of Heath Ledger between 2002 and 2004. One image titled “NO PERMIT” tells a story of Heath and the photographer wandering into the LA river without permission, and displays Ledger performing a handstand while looking into the camera. Another titled “NED & BOB” shows the beloved actor hugging two puppies he adopted that day.
Launch is set for September 14th, with proceeds being donated to the Heath Ledger Foundation, aimed at assisting Australian actors abroad.
The NFTs being released are comprised of intimate, never-before-shared photos of Heath Ledger between 2002 and 2004. One image titled “NO PERMIT” tells a story of Heath and the photographer wandering into the LA river without permission, and displays Ledger performing a handstand while looking into the camera. Another titled “NED & BOB” shows the beloved actor hugging two puppies he adopted that day.
Launch is set for September 14th, with proceeds being donated to the Heath Ledger Foundation, aimed at assisting Australian actors abroad.
Kyber Network offers bounty following $265K hack of decentralized exchange
KyberSwap, the decentralized exchange built on liquidity protocol Kyber Network, has offered a hacker 15% of the funds from a $265,000 exploit as a bug bounty. In a Thursday blog post, Kyber Network said a hacker had used a frontend exploit to pilfer roughly $265,000 worth of user funds from KyberSwap. The protocol said it will compensate all users for any missing funds related to the exploit, and directly addressed the hacker to give them an opportunity to return the funds in exchange for “a conversation with our team” and 15% of what was taken — roughly $40,000.
KyberSwap, the decentralized exchange built on liquidity protocol Kyber Network, has offered a hacker 15% of the funds from a $265,000 exploit as a bug bounty. In a Thursday blog post, Kyber Network said a hacker had used a frontend exploit to pilfer roughly $265,000 worth of user funds from KyberSwap. The protocol said it will compensate all users for any missing funds related to the exploit, and directly addressed the hacker to give them an opportunity to return the funds in exchange for “a conversation with our team” and 15% of what was taken — roughly $40,000.
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Hacker steals Bill Murray's crypto after the previously announced $185,000 NFT Charity Auction.
Just hours after the closing of Bill Murray's NFT auction that raised 119.2 ETH was stolen.
The hacker also tried to steal 800 NFTs from the Bill Murray collection that was sitting in the wallet, though Project Venkman said it foiled that attempt by moving those NFTs to a safe house, too.
Though the original ETH is gone, a runner-up in the auction, Coinbase user Mishap72, has sent 120 ETH (around $187,500) to Chive Charities to replace what was lost.
Just hours after the closing of Bill Murray's NFT auction that raised 119.2 ETH was stolen.
The hacker also tried to steal 800 NFTs from the Bill Murray collection that was sitting in the wallet, though Project Venkman said it foiled that attempt by moving those NFTs to a safe house, too.
Though the original ETH is gone, a runner-up in the auction, Coinbase user Mishap72, has sent 120 ETH (around $187,500) to Chive Charities to replace what was lost.
Uniswap Labs ‘eagerly awaiting’ Ethereum ‘merge,’ signals support for proof-of-stake chain
Uniswap Labs is eagerly awaiting the merge. It’s an important step in scaling Web3 and immediately reduces the environmental impact of Ethereum,” a Uniswap Labs spokesperson tells Fortune. “During this transition, users should know that the Uniswap protocol and web app will continue to work seamlessly.”Being the largest decentralized exchange on Ethereum, the Uniswap protocol is noncustodial, permissionless, and self-executing through the use of smart contracts—or collections of code that run on a blockchain.
Uniswap Labs is eagerly awaiting the merge. It’s an important step in scaling Web3 and immediately reduces the environmental impact of Ethereum,” a Uniswap Labs spokesperson tells Fortune. “During this transition, users should know that the Uniswap protocol and web app will continue to work seamlessly.”Being the largest decentralized exchange on Ethereum, the Uniswap protocol is noncustodial, permissionless, and self-executing through the use of smart contracts—or collections of code that run on a blockchain.
⚡️ Bitcoin Domination + ETH/BTC
▫️ The charts clearly show the correlation of capital outflow from BTC to ETH. The upper graph shows the growth of ETH in relation to BTC, the lower graph shows the dominance of BTC on the whole crypto market. The current situation shows a strong push to the horizontal level. That in the future may lead to its breakdown, and the consequence of capital outflow in ETH, the fall in the price of BTC and the growth of ETH.
▫️ The charts clearly show the correlation of capital outflow from BTC to ETH. The upper graph shows the growth of ETH in relation to BTC, the lower graph shows the dominance of BTC on the whole crypto market. The current situation shows a strong push to the horizontal level. That in the future may lead to its breakdown, and the consequence of capital outflow in ETH, the fall in the price of BTC and the growth of ETH.
BLOCKSTREAM, SEVENLABS PARTNER TO LAUNCH DECENTRALIZED BITCOIN EXCHANGE
Blockstream and Sevenlabs, bitcoin infrastructure service providers, have partnered with Poseidon Group to launch the first decentralized security token exchange for Bitcoin in Switzerland, per a press release sent to Bitcoin Magazine. The exchange, XDEX, will support assets within the Bitcoin ecosystem and allow peer-to-peer trading, effectively removing intermediaries from the transaction. “The use of P2P infrastructure by current financial markets is inevitable,” said Lars Schlichting, XDEX general counsel.
Blockstream and Sevenlabs, bitcoin infrastructure service providers, have partnered with Poseidon Group to launch the first decentralized security token exchange for Bitcoin in Switzerland, per a press release sent to Bitcoin Magazine. The exchange, XDEX, will support assets within the Bitcoin ecosystem and allow peer-to-peer trading, effectively removing intermediaries from the transaction. “The use of P2P infrastructure by current financial markets is inevitable,” said Lars Schlichting, XDEX general counsel.
⚡️ Renault announced a partnership with the Sandbox metaverse
▫️ Automaker Renault and the Sandbox Metaverse have announced a partnership to provide customers with a new automotive experience The Sandbox Metaverse and automaker Renault said the partnership will provide an entirely new automotive experience that has undergone a huge digital transformation in line with key blockchain trends.
▫️ Automaker Renault and the Sandbox Metaverse have announced a partnership to provide customers with a new automotive experience The Sandbox Metaverse and automaker Renault said the partnership will provide an entirely new automotive experience that has undergone a huge digital transformation in line with key blockchain trends.
DeFi Platform Curve Finance Takes First Steps Toward crvUSD Stablecoin
Prominent stablecoin swap application Curve Finance is nearing the launch of its native stablecoin, dubbed crvUSD, as per the initial code released by its developers on Tuesday. The code library will act as an interface to the yet-undeployed crvUSD smart contracts and mark the first step toward the eventual issuance of the much-anticipated tokens.
Details on the usage of crvUSD were scarce at writing time, and Curve developers declined to share more information about the tokens with CoinDesk.
Prominent stablecoin swap application Curve Finance is nearing the launch of its native stablecoin, dubbed crvUSD, as per the initial code released by its developers on Tuesday. The code library will act as an interface to the yet-undeployed crvUSD smart contracts and mark the first step toward the eventual issuance of the much-anticipated tokens.
Details on the usage of crvUSD were scarce at writing time, and Curve developers declined to share more information about the tokens with CoinDesk.
⚡️ Glassnode
▫️ Whale-Exchange
Positive values ( 🟢 ) indicate Whale net balance growth (and withdrawals from the exchange).
Negative values ( 🔴 ) indicate a decrease in Whale's net balance (and exchange deposits).
▫️ A sharp reversal can be noted after the sell-off to $17.6K, when Whale transfers quickly reversed to deposits on exchanges. The distribution peaked at the recent local top of $24.5k.
▫️ Whale-Exchange
Positive values ( 🟢 ) indicate Whale net balance growth (and withdrawals from the exchange).
Negative values ( 🔴 ) indicate a decrease in Whale's net balance (and exchange deposits).
▫️ A sharp reversal can be noted after the sell-off to $17.6K, when Whale transfers quickly reversed to deposits on exchanges. The distribution peaked at the recent local top of $24.5k.
Uniswap Dex Fully Backs Ethereum PoS Upgrade, No Support For ETHPOW Forks
Crypto’s biggest decentralized exchange Uniswap announced full support for Ethereum’s transition to proof-of-stake amid rising anticipation for the watershed event. The Merge as it is known within the crypto community marks the culmination of six years worth of building and strategizing by Ethereum developers. Some crypto proponents have likened the pivotal moment in ETH’s network history to Bitcoin’s quadrennial halving, an event that happens once every four years.
Crypto’s biggest decentralized exchange Uniswap announced full support for Ethereum’s transition to proof-of-stake amid rising anticipation for the watershed event. The Merge as it is known within the crypto community marks the culmination of six years worth of building and strategizing by Ethereum developers. Some crypto proponents have likened the pivotal moment in ETH’s network history to Bitcoin’s quadrennial halving, an event that happens once every four years.
dYdX Introduces New KYC Verification, Faces Criticism
According to a blog post, those users who complete the new verification program, would have got a $25 bonus if they deposit $500 or more. However, a few hours after the program was announced, dYdX had to terminate it, citing "extremely overwhelming demand." Although the exchange noted that participation was "completely optional," it was enough to spark an outcry in the crypto community, as some said dYdX had "nuked itself" with the latest initiative.
According to a blog post, those users who complete the new verification program, would have got a $25 bonus if they deposit $500 or more. However, a few hours after the program was announced, dYdX had to terminate it, citing "extremely overwhelming demand." Although the exchange noted that participation was "completely optional," it was enough to spark an outcry in the crypto community, as some said dYdX had "nuked itself" with the latest initiative.
Decentralized Exchange Betswap.gg Launches in Beta
Betswap.gg, the world’s first decentralized peer-to-peer betting exchange, had its official beta launch. The platform draws attention with its bold claims to shatter the monopoly of high-profile sportsbooks and empower its users. Players wishing to sample this new solution can follow the instructions on Betswap’s official website, though some prior knowledge of blockchain transactions is recommended. The team behind the crypto-based operator put substantial efforts into promoting this new venture, drawing the attention of several prominent media outlets.
Betswap.gg, the world’s first decentralized peer-to-peer betting exchange, had its official beta launch. The platform draws attention with its bold claims to shatter the monopoly of high-profile sportsbooks and empower its users. Players wishing to sample this new solution can follow the instructions on Betswap’s official website, though some prior knowledge of blockchain transactions is recommended. The team behind the crypto-based operator put substantial efforts into promoting this new venture, drawing the attention of several prominent media outlets.
⚡️ Onchain analysis: an overview of Ethereum before the merger
▫️ The Merger is approaching, not only small investors but also large funds and smart wallets are actively preparing for this event.
▫️ Tracking the performance of the ETH network, we can see:
⁃ Cash flows from exchanges, L2, EVM-chain all flow into Ethereum.
⁃ The fact that The Merge does not stimulate the need to use the network
⁃ Smart money wallets tend to store ETH in personal wallets.
⁃ Ethereum network miners have landed on the Ethereum Classic hardforward, the POW trend may take place in the short term.
▫️ The Merger is approaching, not only small investors but also large funds and smart wallets are actively preparing for this event.
▫️ Tracking the performance of the ETH network, we can see:
⁃ Cash flows from exchanges, L2, EVM-chain all flow into Ethereum.
⁃ The fact that The Merge does not stimulate the need to use the network
⁃ Smart money wallets tend to store ETH in personal wallets.
⁃ Ethereum network miners have landed on the Ethereum Classic hardforward, the POW trend may take place in the short term.
PancakeSwap Makes Fifth Attempt at Breakout Following CAKE Burn
PancakeSwap (CAKE) is trading inside a long-term bullish pattern, but it has yet to confirm that it will break out from it.CAKE has been falling underneath a descending wedge since reaching an all-time high price of $47.21 in April 2021. The downward movement has so far led to a low of $2.48 in June. The price bounced afterward, in turn validating the support line of the wedge. Moreover, the upward movement caused a breakout from the descending resistance line of the weekly RSI (black line). This is considered a sign of a bullish trend, which would be confirmed with an increase above 50.
PancakeSwap (CAKE) is trading inside a long-term bullish pattern, but it has yet to confirm that it will break out from it.CAKE has been falling underneath a descending wedge since reaching an all-time high price of $47.21 in April 2021. The downward movement has so far led to a low of $2.48 in June. The price bounced afterward, in turn validating the support line of the wedge. Moreover, the upward movement caused a breakout from the descending resistance line of the weekly RSI (black line). This is considered a sign of a bullish trend, which would be confirmed with an increase above 50.
⚡️ The top 15 DeFi-projects by active users.
▫️ The slide infographic from the Cryptorank service shows the most popular DeFi-projects among users over the past week. The leader is PancakeSwap (the largest DEX for the BSC network) with 636K users in the last seven days, Gooddollar (income generation platform) is second with 59K users, and 1inch (liquidity aggregator) is third with 56.2K users.
▫️ You can also pay attention to the distribution of DeFi Apps by networks: most DeFi projects in the BSC network are 1,500 (38% of the total), Polygon is second with 534 projects (13.5%) and Ethereum is third with 531 projects (13.4%).
▫️ The slide infographic from the Cryptorank service shows the most popular DeFi-projects among users over the past week. The leader is PancakeSwap (the largest DEX for the BSC network) with 636K users in the last seven days, Gooddollar (income generation platform) is second with 59K users, and 1inch (liquidity aggregator) is third with 56.2K users.
▫️ You can also pay attention to the distribution of DeFi Apps by networks: most DeFi projects in the BSC network are 1,500 (38% of the total), Polygon is second with 534 projects (13.5%) and Ethereum is third with 531 projects (13.4%).
SushiSwap Members Rejoice as Whale Bails from Token
Arca, a crypto-focused asset manager, appears to have sold its $3.1M position in SushiSwap’s token. And many of the crypto exchange’s community members couldn’t be happier.On Aug. 30, a transaction from a wallet associated with Arca was flagged in the SushiSwap community Discord for withdrawing more than 3.1M SUSHI from staking and transferring the tokens to FTX, a centralized cryptocurrency exchange.
Arca, a crypto-focused asset manager, appears to have sold its $3.1M position in SushiSwap’s token. And many of the crypto exchange’s community members couldn’t be happier.On Aug. 30, a transaction from a wallet associated with Arca was flagged in the SushiSwap community Discord for withdrawing more than 3.1M SUSHI from staking and transferring the tokens to FTX, a centralized cryptocurrency exchange.
Dear followers, we open sales of ads on our channel now
If you are interested, please, contact @relevant_theory
If you are interested, please, contact @relevant_theory
As the United States’ longest-standing publisher of dictionaries, Merriam-Webster has grown to be a respected household name. While their dictionary does not receive too many updates to their list, it seems that some of the popular internet and web3 lingo of today has made the cut.
Earlier today, the company added 370 new words to their dictionaries, many of which relate directly to web3. For example, they now officially define the “metaverse” as “a persistent virtual environment that allows access to and interoperability of multiple individual virtual realities”. The dictionary also officially defined “altcoins” as “cryptocurrencies regarded as alternatives to established cryptocurrencies and especially to Bitcoin”.
Furthermore, Merriam-Webster added a variety of internet and gaming related slang, including terms like “laggy”, “sus”, “baller”, “pwn”, and interestingly enough - “yeet”.
Earlier today, the company added 370 new words to their dictionaries, many of which relate directly to web3. For example, they now officially define the “metaverse” as “a persistent virtual environment that allows access to and interoperability of multiple individual virtual realities”. The dictionary also officially defined “altcoins” as “cryptocurrencies regarded as alternatives to established cryptocurrencies and especially to Bitcoin”.
Furthermore, Merriam-Webster added a variety of internet and gaming related slang, including terms like “laggy”, “sus”, “baller”, “pwn”, and interestingly enough - “yeet”.