Coinbase Custody confirmed Grayscale product breakdown, wallet addresses remain undisclosed as GBTC discount reached 50%
Summary:
Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division.However, the crypto exchange did not release the associated wallet addresses for each product.The crypto community wallet addresses of the Bitcoin trust and other products after Genesis disclosed FTX exposure. Coinbase Custody backed up a product breakdown published by Grayscale over the weekend amid questions from users about the firm’s digital asset offerings.
While the company released a product breakdown now confirmed by Coinbase Custody, wallet addresses were withheld citing security concerns. Instead, the entity assured users that assets are safe and that Coinbase conducts regular on-chain checks to safeguard the underlying cryptocurrencies of each product offering.
Summary:
Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division.However, the crypto exchange did not release the associated wallet addresses for each product.The crypto community wallet addresses of the Bitcoin trust and other products after Genesis disclosed FTX exposure. Coinbase Custody backed up a product breakdown published by Grayscale over the weekend amid questions from users about the firm’s digital asset offerings.
While the company released a product breakdown now confirmed by Coinbase Custody, wallet addresses were withheld citing security concerns. Instead, the entity assured users that assets are safe and that Coinbase conducts regular on-chain checks to safeguard the underlying cryptocurrencies of each product offering.
IRS Delays $600 Crypto Tax Threshold, Citing Need To Clarify Conditions Before Rollout
The Internal Revenue Service (IRS) is delaying rolling out its new $600 reporting threshold for third-party settlements, saying that more clarity is needed before it can kick off.
In a new press release, the IRS says that due to the moratorium, third-party settlement businesses will no longer be required to report transactions in 2022 that cross the $600 threshold.
The Internal Revenue Service (IRS) is delaying rolling out its new $600 reporting threshold for third-party settlements, saying that more clarity is needed before it can kick off.
In a new press release, the IRS says that due to the moratorium, third-party settlement businesses will no longer be required to report transactions in 2022 that cross the $600 threshold.
Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit
The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day.
Litecoin’s Computational Power Climbs 38% in 30 DaysA significant amount of hashrate has been dedicated to the Litecoin (LTC) network over the last 30 days as the blockchain’s computational power climbed 38% higher from 576 terahash per second (TH/s) on Dec. 28, 2022, to the all-time high of 798 TH/s recorded on Jan. 25, 2023. Currently, Litecoin’s hashrate on Jan. 28, 2023, is around 691 TH/s, which is 20% higher than the hashrate last month. Litecoin’s price has also been climbing higher as LTC’s value increased by 34% against the U.S. dollar in the past 30 days.
The all-time high hashrate of 798 terahash per second (TH/s) is roughly 202 TH/s away from a single petahash per second (PH/s), which equates to 0.798 PH/s. Viabtc is the top Litecoin mining pool with 192 TH/s, or 27% of the total Litecoin hashrate. The crypto mining pool Viabtc is followed by F2pool (121 TH/s), Antpool (104 TH/s), Litecoinpool.org (77 TH/s), and Binance (69 TH/s), respectively. All five Litecoin mining pools also participate in dogecoin (DOGE) merge mining through a process called auxiliary proof-of-work (AuxPoW).
The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day.
Litecoin’s Computational Power Climbs 38% in 30 DaysA significant amount of hashrate has been dedicated to the Litecoin (LTC) network over the last 30 days as the blockchain’s computational power climbed 38% higher from 576 terahash per second (TH/s) on Dec. 28, 2022, to the all-time high of 798 TH/s recorded on Jan. 25, 2023. Currently, Litecoin’s hashrate on Jan. 28, 2023, is around 691 TH/s, which is 20% higher than the hashrate last month. Litecoin’s price has also been climbing higher as LTC’s value increased by 34% against the U.S. dollar in the past 30 days.
The all-time high hashrate of 798 terahash per second (TH/s) is roughly 202 TH/s away from a single petahash per second (PH/s), which equates to 0.798 PH/s. Viabtc is the top Litecoin mining pool with 192 TH/s, or 27% of the total Litecoin hashrate. The crypto mining pool Viabtc is followed by F2pool (121 TH/s), Antpool (104 TH/s), Litecoinpool.org (77 TH/s), and Binance (69 TH/s), respectively. All five Litecoin mining pools also participate in dogecoin (DOGE) merge mining through a process called auxiliary proof-of-work (AuxPoW).
Silvergate (SI) Stock Tanks 11% Amid Talks With U.S. FDIC
Silvergate Capital Corp (SI) has seen its share price tank more than 11% since the New York Stock Exchange (NYSE) opened today. The bank’s share price opened at $5.21 and fell as low as $4.60. The double-digit slump in the crypto bank’s stock came amid talks with federal regulators in the United States.
Silvergate and FDIC are trying to resolve the bank’s crisisAccording to a report by Bloomberg, officials from the U.S. Federal Deposit Insurance Corporation are currently holding discussions with Silvergate’s management to explore ways to salvage the company in a bid to keep it in business. The United States Federal Reserve reportedly authorized examiners from the FDIC to visit Silvergate. The examiners reached the crypto bank’s offices in La Jolla, California, last week.
People familiar with the matter revealed that the potential options to rescue the troubled bank involve lining up investors from the crypto industry to support its liquidity as it navigates its financial predicament. While Silvergate and the Federal Reserve declined to provide a comment to Bloomberg, the FDICs stated that it does not comment on “open and operating institutions.”
Silvergate Capital Corp (SI) has seen its share price tank more than 11% since the New York Stock Exchange (NYSE) opened today. The bank’s share price opened at $5.21 and fell as low as $4.60. The double-digit slump in the crypto bank’s stock came amid talks with federal regulators in the United States.
Silvergate and FDIC are trying to resolve the bank’s crisisAccording to a report by Bloomberg, officials from the U.S. Federal Deposit Insurance Corporation are currently holding discussions with Silvergate’s management to explore ways to salvage the company in a bid to keep it in business. The United States Federal Reserve reportedly authorized examiners from the FDIC to visit Silvergate. The examiners reached the crypto bank’s offices in La Jolla, California, last week.
People familiar with the matter revealed that the potential options to rescue the troubled bank involve lining up investors from the crypto industry to support its liquidity as it navigates its financial predicament. While Silvergate and the Federal Reserve declined to provide a comment to Bloomberg, the FDICs stated that it does not comment on “open and operating institutions.”
Could Grayscale Actually Defeat the SEC in Court?
It looks like the Grayscale Bitcoin Trust could be one of the few digital currency companies to get its way against the Securities and Exchange Commission (SEC). After several months of deliberation, the lawsuit the company filed against the federal financial agency could wind up taking a very unexpected turn.
Grayscale Might Pull off a Win!Many companies have sought to take on the SEC in the past, though few have been successful. This is arguably what’s making Grayscale so important. While the company’s bitcoin ETF application was rejected (like so many others) by the SEC, Grayscale decided it wasn’t going to take the abuse sitting down. The company filed suit against the agency, claiming there was no valid reason for its application to be hit with a “no.”
Initially, it was believed the SEC would hold precedence in the case. However, the judge overseeing the matter appears to be more sympathetic towards Grayscale, and it looks like the firm has a true chance of winning. If this were to happen, it would be a first for any crypto enterprise that’s taken on the SEC. One could assume things would boom greatly should Grayscale receive the court victory and that bitcoin would shoot up in price following the verdict.
It looks like the Grayscale Bitcoin Trust could be one of the few digital currency companies to get its way against the Securities and Exchange Commission (SEC). After several months of deliberation, the lawsuit the company filed against the federal financial agency could wind up taking a very unexpected turn.
Grayscale Might Pull off a Win!Many companies have sought to take on the SEC in the past, though few have been successful. This is arguably what’s making Grayscale so important. While the company’s bitcoin ETF application was rejected (like so many others) by the SEC, Grayscale decided it wasn’t going to take the abuse sitting down. The company filed suit against the agency, claiming there was no valid reason for its application to be hit with a “no.”
Initially, it was believed the SEC would hold precedence in the case. However, the judge overseeing the matter appears to be more sympathetic towards Grayscale, and it looks like the firm has a true chance of winning. If this were to happen, it would be a first for any crypto enterprise that’s taken on the SEC. One could assume things would boom greatly should Grayscale receive the court victory and that bitcoin would shoot up in price following the verdict.
Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to process the majority of transactions that are still stuck in the network’s mempool.
Congestion Woes Ease on Bitcoin NetworkThe long queue of transactions is finally starting to subside as bitcoin miners have started catching up with some of the backlog. As we reported three days ago, Bitcoin.com News noted the beginning of the congestion-clearing process, with unconfirmed transactions dropping from over 500,000 on May 7 to just above 300,000 on Thursday, May 11.According to mempool.io statistics, high-priority transactions were priced at $3 per transfer, while low-priority transactions cost $2.23 per transfer at that time. Current statistics on May 14 show that onchain fees have significantly subsided on the Bitcoin blockchain over the past three days. Just a few days ago, a high-priority transaction would have cost $3, but today, that fee has dropped to $0.83.A medium-priority transfer is now priced at $0.79, while a low-priority transaction can cost around $0.75. This is a significant improvement, with high-priority onchain fees sliding by 72.33% over the past 72 hours. Additionally, the number of unconfirmed transactions stuck in the queue has reduced to 263,406, which is just above half of what it held on May 7.
Lightning Network Capacity and Channels Drop
In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to process the majority of transactions that are still stuck in the network’s mempool.
Congestion Woes Ease on Bitcoin NetworkThe long queue of transactions is finally starting to subside as bitcoin miners have started catching up with some of the backlog. As we reported three days ago, Bitcoin.com News noted the beginning of the congestion-clearing process, with unconfirmed transactions dropping from over 500,000 on May 7 to just above 300,000 on Thursday, May 11.According to mempool.io statistics, high-priority transactions were priced at $3 per transfer, while low-priority transactions cost $2.23 per transfer at that time. Current statistics on May 14 show that onchain fees have significantly subsided on the Bitcoin blockchain over the past three days. Just a few days ago, a high-priority transaction would have cost $3, but today, that fee has dropped to $0.83.A medium-priority transfer is now priced at $0.79, while a low-priority transaction can cost around $0.75. This is a significant improvement, with high-priority onchain fees sliding by 72.33% over the past 72 hours. Additionally, the number of unconfirmed transactions stuck in the queue has reduced to 263,406, which is just above half of what it held on May 7.
Lightning Network Capacity and Channels Drop
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities
Summary:
The SEC’s claims that SOL, ADA, and MATIC are securities were met with stiff disagreement by the development foundation of each token.Following their statements last week, investors seemed to steady their feet as prices rebounded slightly on Monday.SOL, ADA, and MATIC market values initially dropped after the SEC sued Binance and Coinbase for violating U.S. securities laws.Crypto Foundation to the SEC’s claim that tokens Solana’s SOL, Cardano’s ADA, and Polygon’s MATIC are Securities, saying that they are in fact not securities at all.
Following the SEC’s lawsuit against crypto exchanges Binance and Coinbase for offering unregistered securities trading to American investors, the market prices of these tokens slumped amid a broader decline in the crypto market last week.
Summary:
The SEC’s claims that SOL, ADA, and MATIC are securities were met with stiff disagreement by the development foundation of each token.Following their statements last week, investors seemed to steady their feet as prices rebounded slightly on Monday.SOL, ADA, and MATIC market values initially dropped after the SEC sued Binance and Coinbase for violating U.S. securities laws.Crypto Foundation to the SEC’s claim that tokens Solana’s SOL, Cardano’s ADA, and Polygon’s MATIC are Securities, saying that they are in fact not securities at all.
Following the SEC’s lawsuit against crypto exchanges Binance and Coinbase for offering unregistered securities trading to American investors, the market prices of these tokens slumped amid a broader decline in the crypto market last week.
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Ripple CEO Brad Garlinghouse Says SEC Lost on Everything That Matters Following Groundbreaking XRP Ruling
Brad Garlinghouse says that the U.S. Securities and Exchange Commission (SEC) has failed on everything that matters after a judge issued a groundbreaking ruling in favor of Ripple.
In a new thread, the CEO responds to Fox Business reporter Charles Gasparino, saying that the regulatory agency has no grounds to claim that Judge Analisa Torres’ ruling was a split victory between Ripple and the SEC.
Brad Garlinghouse says that the U.S. Securities and Exchange Commission (SEC) has failed on everything that matters after a judge issued a groundbreaking ruling in favor of Ripple.
In a new thread, the CEO responds to Fox Business reporter Charles Gasparino, saying that the regulatory agency has no grounds to claim that Judge Analisa Torres’ ruling was a split victory between Ripple and the SEC.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 9 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Stellar Lumen (XLM) Price Could Fail To Recover Above $0.135
Stellar lumen price is trading below $0.135 against the US Dollar, similar to Bitcoin. XLM price could extend losses if it trades below the $0.120 support.
Stellar Lumen Price Analysis (XLM to USD)After a sharp decline below $0.135, Stellar Lumen price moved into a bearish zone against the US Dollar. The XLM/USD pair traded below the $0.120 level.
There was also a spike below the $0.105 support zone. A low was formed near $0.100 and the price is now attempting a recovery wave. There was a move above the $0.105 and $0.120 levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.1460 swing high to the $0.1000 low.
Stellar lumen price is trading below $0.135 against the US Dollar, similar to Bitcoin. XLM price could extend losses if it trades below the $0.120 support.
Stellar Lumen Price Analysis (XLM to USD)After a sharp decline below $0.135, Stellar Lumen price moved into a bearish zone against the US Dollar. The XLM/USD pair traded below the $0.120 level.
There was also a spike below the $0.105 support zone. A low was formed near $0.100 and the price is now attempting a recovery wave. There was a move above the $0.105 and $0.120 levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.1460 swing high to the $0.1000 low.
Mixin’s $20 Million Plea: Platform Transmits Onchain Bid to Reclaim Stolen Assets
After a cyberattack resulted in a staggering $200 million loss from the decentralized exchange (dex) platform Mixin, the company revealed that its cloud service provider had been compromised. In a bid to recover the stolen funds, Mixin is now extending a $20 million reward to the hacker upon the return of the assets. Through an onchain message on the Ethereum blockchain, Mixin clarified that the pilfered assets were the property of the dex platform’s users.
Mixin Sends Onchain Plea for Asset RecoveryTwo days ago, the Mixin Network, also known as Mixin Kernel, suffered a significant breach, resulting in a loss of $200 million. The team pinpointed the network’s cloud service provider as the compromised point and has since collaborated with Google and the Slowmist blockchain security team to delve into the incident. In a strategic move, the Mixin team dispatched an onchain message to the perpetrator, proposing a reward in exchange for the return of the stolen assets.
“Most of our platform assets were users’, and we hope you can refund them,” the onchain message says. “You can keep $20M of the assets as a BUG Bunty Reward for the BUG. Contact us via bug@mixin.one for the reward details.” the Mixin developers added.
After a cyberattack resulted in a staggering $200 million loss from the decentralized exchange (dex) platform Mixin, the company revealed that its cloud service provider had been compromised. In a bid to recover the stolen funds, Mixin is now extending a $20 million reward to the hacker upon the return of the assets. Through an onchain message on the Ethereum blockchain, Mixin clarified that the pilfered assets were the property of the dex platform’s users.
Mixin Sends Onchain Plea for Asset RecoveryTwo days ago, the Mixin Network, also known as Mixin Kernel, suffered a significant breach, resulting in a loss of $200 million. The team pinpointed the network’s cloud service provider as the compromised point and has since collaborated with Google and the Slowmist blockchain security team to delve into the incident. In a strategic move, the Mixin team dispatched an onchain message to the perpetrator, proposing a reward in exchange for the return of the stolen assets.
“Most of our platform assets were users’, and we hope you can refund them,” the onchain message says. “You can keep $20M of the assets as a BUG Bunty Reward for the BUG. Contact us via bug@mixin.one for the reward details.” the Mixin developers added.
Cardano (ADA) Price Analysis: Rally Is Just Getting Started
Cardano price is rising above $0.350 against the US Dollar, like Bitcoin. ADA price could rally further if there is a clear move above the $0.3750 resistance.
Cardano Price AnalysisThis week, Cardano price started a steady increase above the $0.300 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.320 and $0.320 levels.
The bulls were able to pump the price above the $0.350 resistance. The price even spiked above the $0.375 resistance. A high is formed near $0.3758 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $0.2843 swing low to the $0.3758 high.
Cardano price is rising above $0.350 against the US Dollar, like Bitcoin. ADA price could rally further if there is a clear move above the $0.3750 resistance.
Cardano Price AnalysisThis week, Cardano price started a steady increase above the $0.300 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.320 and $0.320 levels.
The bulls were able to pump the price above the $0.350 resistance. The price even spiked above the $0.375 resistance. A high is formed near $0.3758 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $0.2843 swing low to the $0.3758 high.
Flispter’s ‘The Dragon’s Treasure’ Campaign Offers Up To 1 Million USDT In Prizes
Flipster, a crypto trading platform, has released its final campaign series for the year 2023, offering up to 1 million USD worth of prizes to the most skilful traders.
The “The Dragon’s Treasure” campaign is Flipster’s first themed event. The Champaign consists of an initial trading competition spread out over seven weeks. Participants will compete for their share of the prize pool during this event. Participants will also have the opportunity to earn up to 175 USDT, which is a current bonus for bringing new users to the platform.
Flipster, a crypto trading platform, has released its final campaign series for the year 2023, offering up to 1 million USD worth of prizes to the most skilful traders.
The “The Dragon’s Treasure” campaign is Flipster’s first themed event. The Champaign consists of an initial trading competition spread out over seven weeks. Participants will compete for their share of the prize pool during this event. Participants will also have the opportunity to earn up to 175 USDT, which is a current bonus for bringing new users to the platform.
A New Era in Blockchain: The SEI Token’s Impressive Climb to Market Domination
In a remarkable show of market performance, the SEI token, hailing from the Sei blockchain, has seen an astronomical rise of over 1,500% since its introduction in August 2023. This surge culminated in the SEI token reaching a zenith price of over $1 on prime exchanges like Gate.io. The Sei blockchain distinguishes itself as a specialized Layer 1 (L1) platform, engineered precisely for the nuances of cryptocurrency trading. Its acclaim lies in its self-proclaimed status as the “industry’s fastest blockchain,” a claim that has been mirrored in the token’s value growth.
SEI and the marketWithin a mere six months post its mainnet launch, the native cryptocurrency of Sei has vaulted into the top 50 cryptocurrencies by market capitalization. A noteworthy feat, reflecting the market’s positive reception and confidence in the blockchain’s potential.
The foundation of Sei’s blockchain is a proof-of-stake (PoS) mechanism, initiated with its mainnet in August 2023. In a strategic move to capture a broad user base, the SEI token was airdropped to users active on several major platforms, including Ethereum, Solana, Arbitrum, Polygon, Binance Chain, and Osmosis. This distribution strategy not only facilitated widespread token circulation but also ingrained SEI into multiple blockchain ecosystems.
In a remarkable show of market performance, the SEI token, hailing from the Sei blockchain, has seen an astronomical rise of over 1,500% since its introduction in August 2023. This surge culminated in the SEI token reaching a zenith price of over $1 on prime exchanges like Gate.io. The Sei blockchain distinguishes itself as a specialized Layer 1 (L1) platform, engineered precisely for the nuances of cryptocurrency trading. Its acclaim lies in its self-proclaimed status as the “industry’s fastest blockchain,” a claim that has been mirrored in the token’s value growth.
SEI and the marketWithin a mere six months post its mainnet launch, the native cryptocurrency of Sei has vaulted into the top 50 cryptocurrencies by market capitalization. A noteworthy feat, reflecting the market’s positive reception and confidence in the blockchain’s potential.
The foundation of Sei’s blockchain is a proof-of-stake (PoS) mechanism, initiated with its mainnet in August 2023. In a strategic move to capture a broad user base, the SEI token was airdropped to users active on several major platforms, including Ethereum, Solana, Arbitrum, Polygon, Binance Chain, and Osmosis. This distribution strategy not only facilitated widespread token circulation but also ingrained SEI into multiple blockchain ecosystems.
Sui Wins AIBC Eurasia Awards for 2024 Blockchain Solution of the Year
The Layer-1 Saw Unprecedented Growth and Recognition During the Eurasia Awards, Winning the Top Honor.
The winner of the Eurasia Awards, which were presented during the second AIBC Eurasia in Dubai, is Sui, a layer 1 blockchain that has grown rapidly since being live on the mainnet in 2023. The Sui Foundation was recognized at the prestigious gala event, which is well-known for its exclusive attendance and past winners, including Animoca Brands and Crypto.com, for the dominant position the blockchain has attained in recent months. Among the other contenders for the 2024 prize were 1inch Network and Near Protocol.
The Layer-1 Saw Unprecedented Growth and Recognition During the Eurasia Awards, Winning the Top Honor.
The winner of the Eurasia Awards, which were presented during the second AIBC Eurasia in Dubai, is Sui, a layer 1 blockchain that has grown rapidly since being live on the mainnet in 2023. The Sui Foundation was recognized at the prestigious gala event, which is well-known for its exclusive attendance and past winners, including Animoca Brands and Crypto.com, for the dominant position the blockchain has attained in recent months. Among the other contenders for the 2024 prize were 1inch Network and Near Protocol.
Friendzone Officially Launches Social Monetization Protocol on the Polygon Proof-of-Stake Network
Innovative Web3 SocialFi startup Friendzone has announced the official launch of its Social Capital Marketplace on the Polygon Proof-of-Stake network. This launch marks a significant milestone in Friendzone’s quest to become the leading social media decentralized application (dApp) in the Web3 industry.
Friendzone stands out as a decentralized protocol that blends traditional social media engagement with the financial rewards enabled by Web3 technology. By merging these elements, Friendzone offers a paradigm shift, recognizing and monetizing social media presence and influence. This innovative approach promises to reshape the social media landscape, empowering both content creators and users to monetize their online interactions seamlessly.
Innovative Web3 SocialFi startup Friendzone has announced the official launch of its Social Capital Marketplace on the Polygon Proof-of-Stake network. This launch marks a significant milestone in Friendzone’s quest to become the leading social media decentralized application (dApp) in the Web3 industry.
Friendzone stands out as a decentralized protocol that blends traditional social media engagement with the financial rewards enabled by Web3 technology. By merging these elements, Friendzone offers a paradigm shift, recognizing and monetizing social media presence and influence. This innovative approach promises to reshape the social media landscape, empowering both content creators and users to monetize their online interactions seamlessly.
Cardano’s Hoskinson Critiques “Drama-Driven” Crypto Community, Pushes for Collaboration
Charles Hoskinson, the founder of Cardano (ADA) and Chief of the network’s development firm Input Output Global (IOG), has blasted individuals fueling discord within the crypto community even as the network continues to face its share of criticism.
Speaking on his YouTube channel Friday, Hoskinson likened the atmosphere in the crypto sphere to professional wrestling’s “kayfabe,” where exaggerated characters perpetually stay in character to entertain and engage the audience.
Charles Hoskinson, the founder of Cardano (ADA) and Chief of the network’s development firm Input Output Global (IOG), has blasted individuals fueling discord within the crypto community even as the network continues to face its share of criticism.
Speaking on his YouTube channel Friday, Hoskinson likened the atmosphere in the crypto sphere to professional wrestling’s “kayfabe,” where exaggerated characters perpetually stay in character to entertain and engage the audience.