Omicron's DeFi-Protocol token goes up 10 times in price thanks to new strain of coronavirus
Omicron's DeFi-Protocol (OMIC) token went from $70 to more than $700 after the World Health Organization gave the same name to the recently discovered coronavirus strain B.1.1.529.
Omicron hit the market earlier this month, a few weeks before the events that caused bitcoin and global markets to fall last Friday. Although the developers couldn't have known about them in advance, the letters of the Greek alphabet are used to designate strains of the coronavirus, so it was logical to assume that Omicron would appear sooner or later.
The DeFi-protocol is based on the Arbitrum technology used to scale the Ethereum network and allows users to participate in income farming. OMIC is backed by a basket of assets, including the USDC Stablecoin, and is traded on the decentralized SushiSwap exchange.
"Bought OMIC for 9 ETH. I don't think it's a good choice, but I want to try my luck with a meme token for money that won't affect my life," one investor writes.
OMIC's issuance limit is 1 million tokens, but the current float is unknown, as is the market capitalization. Despite the impressive rate hike, OMIC's turnover in the last 24 hours is only $675,000.
Omicron's DeFi-Protocol (OMIC) token went from $70 to more than $700 after the World Health Organization gave the same name to the recently discovered coronavirus strain B.1.1.529.
Omicron hit the market earlier this month, a few weeks before the events that caused bitcoin and global markets to fall last Friday. Although the developers couldn't have known about them in advance, the letters of the Greek alphabet are used to designate strains of the coronavirus, so it was logical to assume that Omicron would appear sooner or later.
The DeFi-protocol is based on the Arbitrum technology used to scale the Ethereum network and allows users to participate in income farming. OMIC is backed by a basket of assets, including the USDC Stablecoin, and is traded on the decentralized SushiSwap exchange.
"Bought OMIC for 9 ETH. I don't think it's a good choice, but I want to try my luck with a meme token for money that won't affect my life," one investor writes.
OMIC's issuance limit is 1 million tokens, but the current float is unknown, as is the market capitalization. Despite the impressive rate hike, OMIC's turnover in the last 24 hours is only $675,000.
@PlanetSandbox Alpha Test Announcement
💥BREAKING NEWS: PlanetSandbox Alpha Test is READY TO PLAY.💥
As the staking program is going through audit process by CertiK, we decided to split the alpha testers into 2 phases: Early testers and Community testers.
Revised Timeline:
📍 NFT mystery boxes opening event: 2PM UTC 30th November
📍 Alpha test Phase 1 — Early testers: 2PM UTC 3rd December
📍 Staking program: TBA
📍 Alpha test Phase 2 — Community testers: TBA
Phase 1 - Early Testers:
🔸 NFT Mystery box owners
🔸 Top 100 $PSB holders
🔸 Game guild partners and KOLs
Phase 2 - Community Testers:
🔹Whitelist winners from staking program
🔹Airdrops and rewards for active members
Read the full details: https://planetsandbox.medium.com/planetsandbox-alpha-test-announcement-905fc4474d24
👉 Support our PSB's Tweet
__
🪐 PLANETSANDBOX 🪐 -
LET’S BUILD, PLAY, EARN TOGETHER ! 🤝
👉🏻 Follow all our channels :
💎 Website 💎 Medium
💎 Youtube 💎 Discord
💎 Twitter 💎 Telegram
💎 Announcement
💎 Whitepaper
💥BREAKING NEWS: PlanetSandbox Alpha Test is READY TO PLAY.💥
As the staking program is going through audit process by CertiK, we decided to split the alpha testers into 2 phases: Early testers and Community testers.
Revised Timeline:
📍 NFT mystery boxes opening event: 2PM UTC 30th November
📍 Alpha test Phase 1 — Early testers: 2PM UTC 3rd December
📍 Staking program: TBA
📍 Alpha test Phase 2 — Community testers: TBA
Phase 1 - Early Testers:
🔸 NFT Mystery box owners
🔸 Top 100 $PSB holders
🔸 Game guild partners and KOLs
Phase 2 - Community Testers:
🔹Whitelist winners from staking program
🔹Airdrops and rewards for active members
Read the full details: https://planetsandbox.medium.com/planetsandbox-alpha-test-announcement-905fc4474d24
👉 Support our PSB's Tweet
__
🪐 PLANETSANDBOX 🪐 -
LET’S BUILD, PLAY, EARN TOGETHER ! 🤝
👉🏻 Follow all our channels :
💎 Website 💎 Medium
💎 Youtube 💎 Discord
💎 Twitter 💎 Telegram
💎 Announcement
💎 Whitepaper
Top Gemini executive: SEC recognizes bitcoin as an asset class
The Securities and Exchange Commission (SEC) has approved three bitcoin futures ETFs, a policy that indicates that the U.S. regulator recognizes the cryptocurrency as an asset class. That's the view of David Abner, who represents the top management of the Gemini exchange.
He said on CNBC that the impact of the crypto market has grown so much that the SEC can no longer ignore or pursue repressive policies towards holders of digital assets.
And the representative of the trading floor does not exclude that by the end of this year, the Securities and Exchange Commission may even go to the recognition of the spot bitcoin-ETF.
ETF Trends CEO Tom Lydon is less optimistic. He predicts that the SEC won't rush to legalize a spot product focused on the leading digital currency. The regulator is still concerned about the volatility of the underlying asset and the manipulation of its price.
At the same time, the same expert shares the viewpoint of those who expect to reach $100,000 per BTC. But it will not happen in the first quarter, but most likely in the second quarter of next year, Lydon stressed.
Bitcoin was able to withstand the pressure at the end of last week and after falling was able to bounce back to $57,000 this morning.
The Securities and Exchange Commission (SEC) has approved three bitcoin futures ETFs, a policy that indicates that the U.S. regulator recognizes the cryptocurrency as an asset class. That's the view of David Abner, who represents the top management of the Gemini exchange.
He said on CNBC that the impact of the crypto market has grown so much that the SEC can no longer ignore or pursue repressive policies towards holders of digital assets.
And the representative of the trading floor does not exclude that by the end of this year, the Securities and Exchange Commission may even go to the recognition of the spot bitcoin-ETF.
ETF Trends CEO Tom Lydon is less optimistic. He predicts that the SEC won't rush to legalize a spot product focused on the leading digital currency. The regulator is still concerned about the volatility of the underlying asset and the manipulation of its price.
At the same time, the same expert shares the viewpoint of those who expect to reach $100,000 per BTC. But it will not happen in the first quarter, but most likely in the second quarter of next year, Lydon stressed.
Bitcoin was able to withstand the pressure at the end of last week and after falling was able to bounce back to $57,000 this morning.
Hackers hacked Bitmart exchange and stole nearly $200 million
Peckshield, a company specializing in cybersecurity, recorded a hacking attack on the Bitmart cryptocurrency exchange.
As a result of hacking hot wallets on Etherium and Binance Chain, attackers managed to steal tokens worth up to $200 million.
Initially, experts drew attention to the hacking of the etherium wallet and the theft of $100 million. Then they recorded a similar attack on Binance Chain and the withdrawal of $96 million. Hackers managed to steal more than 20 cryptocurrencies, including Binance Coin (BNB), Safemoon and others.
Platform CEO Sheldon Xia acknowledged the hack on Twitter and stressed that the theft of funds was the result of a security breach in the hot wallets on Etherium and Binance Chain.
However, he said cybercriminals managed to steal about $150 million in digital currencies. He also promised to improve the software responsible for the security of trading platform users.
In 2021, the number of hacking attacks on cryptocurrency platforms has increased dramatically. According to StormWall, the number increased by 40% in January-March amid the rise in the price of bitcoin and other virtual currencies.
Peckshield, a company specializing in cybersecurity, recorded a hacking attack on the Bitmart cryptocurrency exchange.
As a result of hacking hot wallets on Etherium and Binance Chain, attackers managed to steal tokens worth up to $200 million.
Initially, experts drew attention to the hacking of the etherium wallet and the theft of $100 million. Then they recorded a similar attack on Binance Chain and the withdrawal of $96 million. Hackers managed to steal more than 20 cryptocurrencies, including Binance Coin (BNB), Safemoon and others.
Platform CEO Sheldon Xia acknowledged the hack on Twitter and stressed that the theft of funds was the result of a security breach in the hot wallets on Etherium and Binance Chain.
However, he said cybercriminals managed to steal about $150 million in digital currencies. He also promised to improve the software responsible for the security of trading platform users.
In 2021, the number of hacking attacks on cryptocurrency platforms has increased dramatically. According to StormWall, the number increased by 40% in January-March amid the rise in the price of bitcoin and other virtual currencies.
@HubbleProtocol is building next-gen MakerDAO on on Solana Blockchain.
Supercharge your crypto portfolio by minting #USDH.
$1,000 Community Giveaway is on!
Follow @HubbleProtocol to try out the DevNet first.
Supercharge your crypto portfolio by minting #USDH.
$1,000 Community Giveaway is on!
Follow @HubbleProtocol to try out the DevNet first.
Hubble Protocol
Introducing Hubble
The Solana ecosystem has grown rapidly and is beginning to stand out from the crowd with huge advantages over Ethereum and other layer-1 blockchains. Truly, it is the first web-scale protocol — owing to an ultra-fast, secure, and scalable network. Solana’s…
Instagram plans to integrate NFT
According to Instagram CEO Adam Mosseri, the platform is actively exploring ways in which it could give its users access to NFT.
Mosseri stated:
"There's nothing to announce yet, but we're actively exploring NFT and how we can make it more accessible to the general public. At the same time, we want to help content creators make money from their works."
According to Nonfungible, $335 million worth of NFT sold at auction in the last week alone. Since the beginning of the year, weekly volume is up 12.780% - in January that figure was only $2.6 million.
According to Instagram CEO Adam Mosseri, the platform is actively exploring ways in which it could give its users access to NFT.
Mosseri stated:
"There's nothing to announce yet, but we're actively exploring NFT and how we can make it more accessible to the general public. At the same time, we want to help content creators make money from their works."
According to Nonfungible, $335 million worth of NFT sold at auction in the last week alone. Since the beginning of the year, weekly volume is up 12.780% - in January that figure was only $2.6 million.
https://twitter.com/AriDavidPaul/status/1474134130715762688
I tried writing hot takes in response to jack‘s web3 and VC criticisms, but twice gave up after the drafts turned into rambling incoherent essays. Spent some more time to be able to write less. Here are my thoughts: /1
2/ first, no, web3 today isn’t really web3. It’s far too centralized in many regards and it’s ‘buggy’ in every way from actual code bugs to UX and operational and game theory ‘bugs.’ That’s how new stuff gets built. Was bitcoin really “bitcoin” in 2011?
3/ as for the VC hate - as many others pointed out, it’s not like VCs just decided to own big stakes in web3. They bought the positions. Why were they able to buy so much? Two main reasons:
4/ A. Regulators. As many pointed out, teams are legally required to fundraise from AML/KYC’ed investors, and it’s far far safer and cheaper to fundraise from only accredited investors.
5/ while there are ways around this, those ways are either expensive and inefficient, or legally risky. The other reason is…gonna be unpopular, but here it goes -
6/ VCs allocated capital reasonably well. In a meritocracy (aka free markets), the best allocators will eventually own everything (absent taxes and other redistribution mechanisms.)
7/ why does Paradigm own so much UNI? Because they were smart enough to be large early supporters of a project that
jack and most others were completely dismissive off. Jack calls these “alt” projects worthless then complains when other people own them because they invested.
8/ there’s plenty of brilliant non-VC investors. But on average, the VCs own so much of Web3 because they bet fairly accurately. Retail owns doge and SHIB and a ton of outright scams and garbage (as well as the good stuff.) The VCs make plenty of bad bets, but overall…
9/ lastly, a common debate in crypto in 2017 was bitcoiners asking, “why does this thing need a token?” The answer was obvious then, but now we have real world proof. All of crypto is based on incentives. Shockingly…most people won’t work hard for free.
10/ so, the valuable stuff Jack is complaining about VCs owning got built where there were investable tokens. Bitcoin as sovereign money? If you want to trade or lend it trustlessly, you’ll need to use a project with a token like Rootstock or Blockstack.
11/ a few years ago, Jack and many bitcoiners said all this web3 stuff was just scams. Now that it works and generated hundreds of billions of $$ of value, he complains that VCs own it.
12/ let me turn to a positive note - I share Jack’s desire for maximum decentralization in web3 and crypto broadly. We need to reform US regulation to let retail compete on more even footing with VCs.
13/ an unexplored critical question in this whole discussion is: how important is ownership to control? That’s a very complex topic that varies based on the consensus mechanism, social contract, stakeholder incentives etc. if we can fork malicious miners off a PoW network,
14/ the same can be done with a malicious whale in a PoS network. It’s similar questions to evaluating equity - could the founders just restart the company under a different name with a new cap table? Depends on a long list of factors.
15/ TLDR: web3 today is comparable to bitcoin in 2011 - fairly centralized and buggy, but an amazing proof of concept. And we don’t want VCs to own the world…but whining about it doesn’t help. Gotta facilitate broader ownership.
I tried writing hot takes in response to jack‘s web3 and VC criticisms, but twice gave up after the drafts turned into rambling incoherent essays. Spent some more time to be able to write less. Here are my thoughts: /1
2/ first, no, web3 today isn’t really web3. It’s far too centralized in many regards and it’s ‘buggy’ in every way from actual code bugs to UX and operational and game theory ‘bugs.’ That’s how new stuff gets built. Was bitcoin really “bitcoin” in 2011?
3/ as for the VC hate - as many others pointed out, it’s not like VCs just decided to own big stakes in web3. They bought the positions. Why were they able to buy so much? Two main reasons:
4/ A. Regulators. As many pointed out, teams are legally required to fundraise from AML/KYC’ed investors, and it’s far far safer and cheaper to fundraise from only accredited investors.
5/ while there are ways around this, those ways are either expensive and inefficient, or legally risky. The other reason is…gonna be unpopular, but here it goes -
6/ VCs allocated capital reasonably well. In a meritocracy (aka free markets), the best allocators will eventually own everything (absent taxes and other redistribution mechanisms.)
7/ why does Paradigm own so much UNI? Because they were smart enough to be large early supporters of a project that
jack and most others were completely dismissive off. Jack calls these “alt” projects worthless then complains when other people own them because they invested.
8/ there’s plenty of brilliant non-VC investors. But on average, the VCs own so much of Web3 because they bet fairly accurately. Retail owns doge and SHIB and a ton of outright scams and garbage (as well as the good stuff.) The VCs make plenty of bad bets, but overall…
9/ lastly, a common debate in crypto in 2017 was bitcoiners asking, “why does this thing need a token?” The answer was obvious then, but now we have real world proof. All of crypto is based on incentives. Shockingly…most people won’t work hard for free.
10/ so, the valuable stuff Jack is complaining about VCs owning got built where there were investable tokens. Bitcoin as sovereign money? If you want to trade or lend it trustlessly, you’ll need to use a project with a token like Rootstock or Blockstack.
11/ a few years ago, Jack and many bitcoiners said all this web3 stuff was just scams. Now that it works and generated hundreds of billions of $$ of value, he complains that VCs own it.
12/ let me turn to a positive note - I share Jack’s desire for maximum decentralization in web3 and crypto broadly. We need to reform US regulation to let retail compete on more even footing with VCs.
13/ an unexplored critical question in this whole discussion is: how important is ownership to control? That’s a very complex topic that varies based on the consensus mechanism, social contract, stakeholder incentives etc. if we can fork malicious miners off a PoW network,
14/ the same can be done with a malicious whale in a PoS network. It’s similar questions to evaluating equity - could the founders just restart the company under a different name with a new cap table? Depends on a long list of factors.
15/ TLDR: web3 today is comparable to bitcoin in 2011 - fairly centralized and buggy, but an amazing proof of concept. And we don’t want VCs to own the world…but whining about it doesn’t help. Gotta facilitate broader ownership.
Twitter
Ari Paul ⛓️
I tried writing hot takes in response to @jack ‘s web3 and VC criticisms, but twice gave up after the drafts turned into rambling incoherent essays. Spent some more time to be able to write less. Here are my thoughts: /1
Two important lessons from 2021:
https://twitter.com/cryptocred/status/1474221877480542211?s=21
1. If something is strong, buy that thing. Looking for 'the next thing' because you missed the initial pump will often underperform buying the leader.
2. Experimentation is rewarded. Airdrops, new chains, NFTs, and so on. Use the tech.
It's 4AM and I can't sleep, so just going to add to this thread indiscriminately.
A better Cred would make a neat end-of-year article, but you have me instead, suckers.
3. Outright top signals become less...outright as adoption increases. Shit has to scale e.g. in the past any celebrity talking about crypto was scary (e.g. Katy Perry nails) but in '21 it took Elon on SNL to nuke DOGE. Adjust accordingly.
4. You don't have to catch the top. The idea is to have made so much on the way up, that it ultimately doesn't matter when the nuke comes. And it'll always come. Voluntary sellers on the way up beat forced sellers on the way down.
5. If you're looking for take profit signals, one thing I like to do is to add a couple of high time frame moving averages (Hull, some ribbon, 21W, 50W, whatever) and see how far away BTC is from those averages. Check where market is and ask: would I be happy to give back that %?
6. You're close to a local top when the only 'innovation' comes in the form of forks and clones. Seen it with DeFi, dog money, OHM, and so on. Same applies with dinosaur garbage coins pumping, which in itself is a form of anti-innovation. Good take profit signal, on average.
7. If you're a trader, go to where the volume is. If that also happens to be a strong performer, as is often the case, you make life a lot easier. High volume usually means cleaner technicals. Ideally 1 week+/clear rotation bid (SOLUNAVAX-style) and not a one-off pump.
8. In an uptrend, the best times to buy are either when it has already gone up (buy high to sell higher) or when it's forced lower (usually by a correlated market-wide pullback, often led by majors). Laggards, trendless coins, coins in 'accumulation' indefinitely = high opp cost.
9. Be cynical about narratives. DeFi went from the only thing being traded to nobody caring. During NFT mania, couldn't find a single chart for weeks. Now it's just loss porn. Remember BTC U.S. session infinite bid? Me neither.
When music (price+volume) is over, stop dancing.
10. Survivors win. There are infinite ways to 'make it', but all of them require not losing everything before and after you get there.
/End GN
https://twitter.com/cryptocred/status/1474221877480542211?s=21
1. If something is strong, buy that thing. Looking for 'the next thing' because you missed the initial pump will often underperform buying the leader.
2. Experimentation is rewarded. Airdrops, new chains, NFTs, and so on. Use the tech.
It's 4AM and I can't sleep, so just going to add to this thread indiscriminately.
A better Cred would make a neat end-of-year article, but you have me instead, suckers.
3. Outright top signals become less...outright as adoption increases. Shit has to scale e.g. in the past any celebrity talking about crypto was scary (e.g. Katy Perry nails) but in '21 it took Elon on SNL to nuke DOGE. Adjust accordingly.
4. You don't have to catch the top. The idea is to have made so much on the way up, that it ultimately doesn't matter when the nuke comes. And it'll always come. Voluntary sellers on the way up beat forced sellers on the way down.
5. If you're looking for take profit signals, one thing I like to do is to add a couple of high time frame moving averages (Hull, some ribbon, 21W, 50W, whatever) and see how far away BTC is from those averages. Check where market is and ask: would I be happy to give back that %?
6. You're close to a local top when the only 'innovation' comes in the form of forks and clones. Seen it with DeFi, dog money, OHM, and so on. Same applies with dinosaur garbage coins pumping, which in itself is a form of anti-innovation. Good take profit signal, on average.
7. If you're a trader, go to where the volume is. If that also happens to be a strong performer, as is often the case, you make life a lot easier. High volume usually means cleaner technicals. Ideally 1 week+/clear rotation bid (SOLUNAVAX-style) and not a one-off pump.
8. In an uptrend, the best times to buy are either when it has already gone up (buy high to sell higher) or when it's forced lower (usually by a correlated market-wide pullback, often led by majors). Laggards, trendless coins, coins in 'accumulation' indefinitely = high opp cost.
9. Be cynical about narratives. DeFi went from the only thing being traded to nobody caring. During NFT mania, couldn't find a single chart for weeks. Now it's just loss porn. Remember BTC U.S. session infinite bid? Me neither.
When music (price+volume) is over, stop dancing.
10. Survivors win. There are infinite ways to 'make it', but all of them require not losing everything before and after you get there.
/End GN
Twitter
Cred
Two important lessons from 2021: 1. If something is strong, buy that thing. Looking for 'the next thing' because you missed the initial pump will often underperform buying the leader. 2. Experimentation is rewarded. Airdrops, new chains, NFTs, and so on.…
Alethea AI goes to token sale via Copper Launch
https://medium.com/alethea-ai/alethea-ai-announces-token-distribution-auction-ec17600e6233
Earlier, the smart NFT project closed a $16M round with Dapper Labs, Multicoin, Alameda, Mark Cuban and Bitscale Capital
The group of strategic partners include Metapurse, Crypto.com, BITKRAFT, Galaxy Interective, IDEO VC, as well as Andrew Steinwold, Gmoney (helped Visa with the cryptopunk purchase), DC Investor, Gabby Dizon (YGG's backer).
https://medium.com/alethea-ai/alethea-ai-announces-token-distribution-auction-ec17600e6233
Earlier, the smart NFT project closed a $16M round with Dapper Labs, Multicoin, Alameda, Mark Cuban and Bitscale Capital
The group of strategic partners include Metapurse, Crypto.com, BITKRAFT, Galaxy Interective, IDEO VC, as well as Andrew Steinwold, Gmoney (helped Visa with the cryptopunk purchase), DC Investor, Gabby Dizon (YGG's backer).
Medium
Alethea AI Announces Token Distribution Auction
Alethea AI will be using Balancer’s Liquidity Bootstrapping Pools to conduct a Token Distribution Auction on the Copper Launch Platform.
1. S&P500 posting ATH for the past few days
BUT!
2. Market makers not going to pump into $6B of OI skewed towards positive
3. Calls will need to expire worthless before moving up
4. One more thing: holiday volume, don't sell into a concrete floor
See you 2022
https://twitter.com/Tetranode/status/1475867350482120704
BUT!
2. Market makers not going to pump into $6B of OI skewed towards positive
3. Calls will need to expire worthless before moving up
4. One more thing: holiday volume, don't sell into a concrete floor
See you 2022
https://twitter.com/Tetranode/status/1475867350482120704
Twitter
TΞtranodΞ (💎, 💎)
1. S&P500 posting ATH for the past few days BUT! 2. Market makers not going to pump into $6B of OI skewed towards positive 3. Calls will need to expire worthless before moving up 4. One more thing: holiday volume, don't sell into a concrete floor See you…
1/ Some thoughts on ethereum's L2s
Are L2 tokens positive-sum with ETH? Yes
Will L2s drive significant fees & value to ETH? Yes
Is there an urgent need for L2s to launch tokens and pursue other L1-style growth initiatives? Yes
It's going to be a big year for L2s vs. alt L1s
https://twitter.com/RyanBerckmans/status/1476032294771171332
Are L2 tokens positive-sum with ETH? Yes
Will L2s drive significant fees & value to ETH? Yes
Is there an urgent need for L2s to launch tokens and pursue other L1-style growth initiatives? Yes
It's going to be a big year for L2s vs. alt L1s
https://twitter.com/RyanBerckmans/status/1476032294771171332
Twitter
Ryan Berckmans
1/ Some thoughts on ethereum's L2s Are L2 tokens positive-sum with ETH? Yes Will L2s drive significant fees & value to ETH? Yes Is there an urgent need for L2s to launch tokens and pursue other L1-style growth initiatives? Yes It's going to be a big year…
⚡️Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17🚀
The forthcoming crypto wallet will allow users to deposit and withdraw Bitcoin, Ether, Dogecoin and other tokens, the company said.
Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022.
In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The trading app said more than 1.6 million people were waiting for the wallet, which will support depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and other tokens.
The trading app has been testing its digital wallet feature since it was first announced in September, completing its first alpha transfer — using DOGE — on Nov. 22. According to Robinhood chief operating officer Christine Brown, the beta rollout would be focused on the security of users, as well as providing education on crypto transactions and clarity around network and gas fees.
https://cointelegraph.com/news/robinhood-plans-to-launch-beta-crypto-wallets-in-january-as-hood-drops-to-17
The forthcoming crypto wallet will allow users to deposit and withdraw Bitcoin, Ether, Dogecoin and other tokens, the company said.
Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022.
In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The trading app said more than 1.6 million people were waiting for the wallet, which will support depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and other tokens.
The trading app has been testing its digital wallet feature since it was first announced in September, completing its first alpha transfer — using DOGE — on Nov. 22. According to Robinhood chief operating officer Christine Brown, the beta rollout would be focused on the security of users, as well as providing education on crypto transactions and clarity around network and gas fees.
https://cointelegraph.com/news/robinhood-plans-to-launch-beta-crypto-wallets-in-january-as-hood-drops-to-17
Cointelegraph
Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17
The beta rollout of Robinhood's crypto wallet will be focused on the security of users, as well as providing education on crypto transactions and clarity around network and gas fees.
🔥 Aave all set to build a mobile wallet 🚀
Aave, an open source and non-custodial liquidity protocol is building its mobile wallet.
This helps the users in earning interest on deposits and borrowing assets.
Aave, an open source and non-custodial liquidity protocol is building its mobile wallet.
This helps the users in earning interest on deposits and borrowing assets.