Mixin(XIN)

XinFin (XDC) Network, an open-source, carbon-neutral, enterprise-grade, EVM compatible, Layer 1 blockchain has banked a $50 million investment with the global alternative investment group, LDA Capital Limited via the leverage made available by XDC founders from the tokens personally allocated to the founders. The co-founders of XDC Network, Ritesh Kakkad, and Atul Khekade, are optimistic that the collaboration will ramp up network adaptation and real-world use cases. More than a funder, the LDA is perceived as a strategic partner. The XDC founders are certitude over the LDA for its active and strategic involvement in the network to advance the ecosystem. Ritesh stated: "Our collaboration with LDA will usher in an exciting new period in the XDC Network’s history by enabling unprecedented growth of the Layer 2 ecosystem across various use-cases, with an emphasis on bringing ever more value TVL (“Total Value Locked”) to the network." LDA Capital onboarding benefits the new ventures and entities in the XDC dedicated to bringing in new retail and institutional members. Since its launch in 2019, the XDC’s smart contract based projects have extended exponentially. This new partnership is expected to stimulate the expansion and development of Layer 2 projects within the XDC Ecosystem. Anthony Romano, LDA Capital Ltd. stated: "LDA Capital is pleased with the developments made in the XDC Network by the XDC ecosystem. In addition to its funding, LDA will offer strategic counsel and support to help XDC Blockchain Network assume its position as a market leader." Apart from the macro-economic benefits, projects like DEXs, Metaverses, NFT marketplaces, oracles, decentralized email providers & cloud storage, payment dApps, and legal document repositories are all roots of XDC utilities. The inclusion of LDA support will only boost the rate of growth in the overall XDC ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

What were the best cryptos for September? This is a question that many investors are asking as we head into October. There are a few cryptos that stand out from the rest: these are Oryen, Bitcoin, Ethereum and Cardano. All of these cryptos have something unique to offer and investors have followed them closely on them since September. Oryen (ORY) Oryen is well positioned to help transform the crypto industry and provide individuals with genuine passive earning possibilities, without the difficulties associated with most current crypto staking systems. The novel Oryen Autostaking Technic (OAT) automatically stakes and shares yields within the token as long as it is held - it does not need to be transferred to a staking platform. You only need to keep it in your wallet. The OAT is a significant advance for the crypto industry, which has arguably been held back from full mainstream acceptance due to entrance obstacles and complexities that deter average investors. ORY's proprietary self-equalizing system enables steady and substantial long-run returns. Rewards are provided hourly and compounded over time. Bitcoin (BTC) Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin is still the most valuable cryptocurrency and while it may not have the same fundamentals as some younger projects, it will always have a place in the market. Experts believe it could surpass all-time highs at some point in the future. So, if you wish to experience further potential gains, Bitcoin may still provide that opportunity. Ethereum (ETH) Although early cryptocurrencies (most notably Bitcoin) were essentially value storage that could be transferred, Ethereum has many applications. If Bitcoin is a smartphone app, Ethereum is the device manufacturer. Because transaction costs for decentralized applications on Ethereum's blockchain are paid in Ether, the cryptocurrency benefits from the technology. Cardano (ADA) Cardano is based on staking since it uses the Ouroboros proof-of-stake (PoS) protocol. Staking is one of the most lucrative ways to make money on the blockchain. Investing in the Cardano network is similar to relaxing while generating passive income. The Cardano ecosystem has unsurpassed security. Cardano, unlike other platforms, allows users to remain entirely anonymous. Using multi-signature and the UTXO paradigm, all transactions and exchanges are verifiable, immutable, and freely documented. Find Out More Here: Join Presale: https://presale.oryennetwork.io/register Website: https://oryennetwork.io/ Telegram: https://t.me/OryenNetwork Discord: https://discord.com/invite/jSvaXmb2cB Twitter: https://twitter.com/oryennetwork Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The Solana Network suffered yet another outage after a misconfigured node took down the entire network on Saturday, leaving all pending transactions in limbo. Despite its burgeoning popularity, Solana has suffered a slew of outages, the latest being a string of outages that took place in January. The Latest In A Long Line Of Outages The Solana outage on Friday, which forced the network offline, was the fourth major outage suffered by the network since January. In January, users on Solana had to endure a string of partial outages, which kept cropping up at different intervals during the month. The latest outage also comes a year after the network faced a crippling 18-hour outage, bringing the network to a grinding halt. The Solana Status site, which the Solana Foundation operates, updated users on Twitter, stating that the network was experiencing “degraded performance” and that developers were working on identifying and fixing the issue. However, shortly after this update, Solana issued another update, stating that the network was experiencing a complete outage and not being able to process transactions. “The Solana network is experiencing an outage and not processing transactions. Developers across the ecosystem are working on diagnosing the issue and to restart the network. More information will be provided as it becomes available.” According to the latest reports, the network is now back online after a nearly 6-hour long outage. Reason For The Outage? Solana validators tweeted about the incident, stating that a misconfigured node was behind the latest outage. “It appears a misconfigured node caused an unrecoverable partition in the network. A validator was running a duplicate validator instance. Meaning when it was their turn to produce a block, they produced one from each instance, for the same slot, so some validators saw the one block, some the others, then couldn’t agree which one was correct.” Solana developer Laine informed users in a tweet that developers had initiated the restart, stating that they require 80% of the stake to complete the restart successfully. Solana Remains Tightlipped So far, Solana has not commented on the outage. However, Solana executives have discussed the network’s outages in the past, with founder Anatoly Yakovenko calling them the network’s curse. However, he also pointed out that the Bitcoin blockchain has had hours between blocks at different times in its history. Solana has often been hyped by the community as the “Ethereum Killer” thanks to its high scalability and super fast speeds. It has become a popular blockchain for the minting of non-fungible tokens (NFTs) and decentralized applications (dApps). After Ethereum’s successful transition to Proof-of-Stake, Solana has become the third-largest Proof-of-Stake blockchain behind Ethereum and Cardano. However, the network will need to address its outage issues if it is to compete with them. Solana Price Plummets The Solana price, which has anyway been on a downward trajectory, has fallen over 87% after reaching its all-time high in November. The news of the network’s latest outage drove the price down by a further 6%. At the time of writing, Solana is trading at $33. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In only two years since its launch, the NEAR protocol arguably became one of the fiercest Ethereum, Solana, and Avalanche rivals. It’s no wonder that venture capital and hedge funds are pouring in support into this potent ecosystem. Impressively, more than $500,000 was raised to support the development of all the great things that are already being built on the NEAR protocol. NEARCON conference, held in the beautiful city of Fado music and colorful buildings, Lisbon, celebrated the increasing interest in the ecosystem and all of the major building initiatives on the NEAR protocol. Here’s an overview of what has been happening during this 3-day conference in Portugal. Day One: The Grand Opening, Partnerships, Networking & NFT Hunt The first day of the NEARCON conference was all about the overview of the foundation, presenting the first-ever transparency report, and major ecosystem announcements. Compared to somewhere around 700 attendees of the first NEARCON conference, the second one was a total blast. According to estimates, almost 3,000 visitors from 176 countries enjoyed the amusing showcase of the ecosystem, engaging talks with some of the notable names such as Sheila Warren, Brandon Eiche, James Tromans, and Yat Siu, the most delicious flavors of the world, as well as spectacular parties. After the relaxing opening party, Jack Collier and David Morrison, NEAR Foundation officials, held an opening speech and announced an NFT hunt which just added some more zest to this already amazing event. Aside from that, the conference was an excellent networking opportunity and several major partnerships with Pantera Capital and Caerus Ventures, as well as the launch of Coinbase Earn were announced! During her speech, Marieke Frament, NEAR Foundation CEO, explained major initiatives and plans for the future that involve raising awareness of NEAR, simplifying decentralized governance, and providing financial support for the development of projects. “Our goal with NEAR is to build things that developers, creators, and everyone else will find helpful and useful“, said Ilia Polusukhin, co-founder of NEAR Protocol. Day 2: Building, Side Events, the Future of Web3 The second day of the conference was all about projects and products, aside from the financial ones, that are being built on the NEAR ecosystem – DeFi, DAOs, and NFTs included. Web3 talks were pretty lively and various side events brought up different related topics. Challenges and solutions regarding building tools and infrastructure as well as onboarding new users were some of the most debated questions. Richard Muirhead, CEE in Fabric Ventures, shared his view on the above-mentioned challenges. He noted that fundamentally innovative breakthrough ideas, things that go beyond casino-like DeFi, would definitely keep new people coming to the Web3 space and make it more mainstream. Bae Kim from Hashed spoke on the matter from his perspective. He gladly shared the journey of building games and apps on NEAR in their studios. His team was starstruck by the immense capabilities of the NEAR technologies and also noted that they think NEAR would get way ahead of many other chains in the near future. Moving forward, other talks during the second day of the conference clearly showed that other industries aside from gaming, such as social networking, sci-fi writing, and professional sports just to name a few have serious intentions about building on NEAR as well. Day 3: Cryptocurrency Discussions, Payment Solutions & Closing Party The last day of the conference was, just like the other two, filled with excitement and good vibes. Everyone from entrepreneurs, investors, developers, to creators gathered around the idea of putting an effort into a meaningful and impactful building on the NEAR protocol was just blown away by major announcements, constructive discussions, and things planned for the future. Some of the hot updates included the NearPay announcement about the upcoming launch of physical debit cards and the team up of Switchboard and NEAR on building tools and data for developers. By launching a physical debit card, NearPay, the bridge between crypto and fiat, has taken another step to make cryptocurrency payments mainstream and hassle-free. NearPay had already launched a virtual card used in the UK and in the EU while they also have plans on expanding into other markets, Asia and the US, in the coming 12 months. Kirill Artyunov, CTO of NearPay, mentioned that he was pleasantly surprised by the number of the conference attendees that were already using NearPay and their digital card for payments. Ivan Ilin, Chief operating officer at NearPay, speaking "There is no denying the importance of NEARCON for the NEAR ecosystem and for the future of the decentralized internet as a whole. We are proud to be a part of this, bridging the worlds of crypto and fiat for the NEAR community and all crypto users," Yaroslav Reznichenko, Tech Lead at NearPay, said. Other crypto topics were touched upon on the last day of the conference, including mass adoption, crypto banking centralization, and payments. Elena Shiltseva, the CPO of Roketo Business, made a great point during the “Crypto Native vs FinTechs for the Future of Payments” discussion. “Numerous Web2 businesses want to tap into the Web3 world. However, managing your financials in a secure and convenient way seems to be the biggest challenge. Manual payouts are not only tedious, one can not be 100% safe from sending money to wrong wallet or losing private keys. Roketo recently released an alpha version for DAOs in Web3 businesses that should finally provide a smooth and safe payment experience and an even smoother transition from Web2 to Web3.” Editor’s note: the project has already started onboarding early birds for their upcoming beta. Elena Shiltseva, the CPO of Roketo Business, speaking During one of the last talks, Illia Polosukhin dived deeper into the NEAR’s history and the future as well and introduced NDC (NEAR Digital Collective), a community-led project that promotes DeFi governance. Marieke Flament and Polosukhin wrapped up the NEARCON 2022 conference, female role models were handed Women in Web3 Changemakers awards, and the winners of the NEARCON 2022 Hackathon were chosen at the very end of the conference. Olga Isaeva, CBDO at Roketo commented: “It was exciting to meet several investors from Web2 sector who saw great potential in Web3 and were eager to explore new technologies. Web3 is on the cusp of something big, and more and more users, developers, and investors are jumping on board.“ Summary The second NEARCON conference was absolutely jam-packed and the atmosphere was bustling from start to finish of the first day. The conference really made an unforgettable impression on everyone who attended and, once again, proved that it is possible to create without limits and build beyond the hype. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

After a string of hacks and exploits across the DeFi industry resulting in millions in funds lost or in related damages, proceeding with caution is always wise. Knowing which protocols, projects, and platforms to trust is a challenge, but as open-source code, it can be checked by the public and private firms. In a new report released by newcomer blockchain security auditing firm Statemind, the popular liquidity staking project Lido has been given a clean bill of health and is free of any critical bugs or vulnerabilities that could expose funds to loss. Here are the full findings from the report, along with more details on the situation. New Blockchain Firm Statemind Releases Audit Report On Lido Statemind is a brand new blockchain security auditing firm that has recently been the talk of the crypto industry, but more on that later. For now, let us focus on the findings of a nine-page research report releasedby Statemind. The project honed in on the MEV-Boost relay allowlist, which is used by Node Operators participating in the Lido protocol after the ETH Merge to extract MEV. Node Operators rely on the contract to ensure up-to-date software configuration to prevent issues. Statemind made several key recommendations, such as “checking the number of relays right after the msg.sender check, removing the zero address check for msg.sender, checking if the token address is a contract in the function _safe_erc20_transfer, and utilizing mapping that maps URI to index of relay in the array,” Statemind outlined in a blog post. Recommendations were focused solely on fixing minor, informational bugs, while the report simultaneously revealed no critical, high, or even medium-risk vulnerabilities to speak of. This means that Lido users can rest assured the code is clean and void of any potential exploits hackers could take advantage of. How Statemind Started Its Launch Off On The Right Foot Blockchain security audits are an essential aspect of ensuring a safer cryptocurrency industry. Developers can miss crucial areas in code, which can be cleaned up with a second set of more experienced eyes. Although Statemind is a brand new blockchain security auditing firm, the team boasts over 100,000 LoC of Solidity and Vyper experience combined. Statemind audits have already secured over $10B in TVL, with as much as $350M being added to the total recently. Statemind also recently stepped forward as the white hat hackers to stop a vulnerability in Avalanche with more than $350Min estimated damages across several chains. Statemind also recently made news for discovering a two-year-old bug in Andre Cronje’s Keep3r Network. In addition to Lido, other clients of Statemind include 1INCH and Yearn.Finance. To learn more about Statemind security audits, visit the official Statemind.iowebsite. Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The world’s largest crypto exchange is reportedly enthused by the relaxing crypto regulatory environment in Japan.

[PRESS RELEASE – Tokyo, Japan, 26th September 2022] CROOZ, Inc. (Listed on Tokyo Stock Exchange Standard Market; Head office: Shibuya-Ku, Tokyo; CEO: Koji Obuchi; hereinafter: CROOZ) has announced that the blockchain game known as “PROJECT XENO” under development by CROOZ is going to collaborate with Floyd Mayweather Jr. who is a former professional boxing world […]

Tokyo, Japan, 26th September, 2022, ChainwireCROOZ, Inc. (Listed on Tokyo Stock Exchange Standard Market; Head office: Shibuya-Ku, Tokyo; CEO: Koji Obuchi; hereinafter: CROOZ) has announced that the blockchain game known as “PROJECT XENO” under development by CROOZ is going to collaborate with Floyd Mayweather Jr. who is a former professional boxing world champion in five weight classes. Collaboration with Floyd Mayweather Jr. As announced earlier, the token that is published by EPOCH FACTORY and used in “PROJECT XENO” is just about to be listed on the Cryptocurrency exchange “MEXC Global” on 3rd of Oct. “PROJECT XENO” is going to launch the first auction and for this memorial event, the project will collaborate with Floyd Mayweather Jr. The company will hold an NFT auction, including special limited Mayweather characters. Prizes for the participation will also be distributed for winners. For further information about the collaboration, please visit following URL: https://project-xeno.com/content/collaboration_mayweather/ For further information about the first auction, please visit following URL: https://project-xeno.com/auction-nft/ Upcoming in-game token listing (“GXE”) on MEXC Global on 3rd of Oct The token “GXE” published by EPOCH FACTORY which will be used in “PROJECT XENO” a blockchain game is going to be listed on the Cryptocurrency exchange “MEXC Global” on 3rd of Oct. The PROJECT XENO team hopes that this special event will raise awareness to this project, and will continue to expand the community. MEXC Global is known as a leading exchange of high performance and transaction matching technology. Founded in 2018 and currently caters to more than 6 million users in more than 70 countries around the world., MEXC Global aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey. YouTuber "Hikaru" has been appointed as an ambassador “PROJECT XENO” reached an agreement with The YouTuber “Hikaru”, one of the top and most popular YouTuber in Japan who has more than 4.8 million subscribers to become an ambassador. This year, which is said to be the first year of Web3, is attracting increasing attention to blockchain and NFTs as the next generation of the World Wide Web. Hikaru, who continues to challenge a lot of new efforts, has been appointed as the ambassador for the project.. XENO will continue to take on new challenges that will create a new wind in the NFT game industry with Hikaru and provide new experiences to everyone. "I am grateful to be appointed as the ambassador for “PROJECT XENO”, said Hikaru. "As some of you may know, my career as a YouTuber was started from a gaming channel. My starting point will challenge the industry that is attracting attention in the future. I will for sure fully enjoy these challenges! And I hope my viewers on YouTube and all parties related to the “PROJECT XENO” will also enjoy the project!" he adds. About "PROJECT XENO" PROJECT XENO is a tactics game with GameFi and e-sports aspects. Players who own NFT characters can acquire tokens and NFTs by playing this game. They can also trade NFTs seamlessly through the in-app wallet and marketplace. Their earnings are securely stored in the "General" in-app account. For further information, please visit the web site or follow the official Twitter account. PROJECT XENO：http://project-xeno.com/ PROJECT XENO Official Twitter（JP）：https://twitter.com/PROJECTXENO_JP PROJECT XENO Official Twitter（ENG）：https://twitter.com/PROJECTXENO_GLB About CROOZ Blockchain Lab, Inc. Crooz Blockchain Lab, Inc. is a company that focuses on blockchain technology and game development, and also a consolidated subsidiary of CROOZ, Inc. About CROOZ, Inc. https://crooz.co.jp CROOZ, Inc . is an "EC solution company" that develops multiple services related to the EC area, centered on "SHOPLIST.com by CROOZ". Based on the know-how and achievements cultivated through "SHOPLIST.com by CROOZ", we aim to become a leading company in the EC solutions field. Inquiries PR department, CROOZ, Inc. Email： [email protected] *The impact of this business on the consolidated earnings results of the current fiscal year is minor. CROOZ, Inc. Head Office ：Ebisu SS building 1F, 4-3-14 Ebisu, Shibuya-Ku, Tokyo, JAPAN Established ：May 24th, 2001 Capital ：460.16 million yen（as of the end of March in 2022） Description ： -Formulate management strategies for group companies as a pure holding company -Invest in subsidiaries -Formulate management targets and support efforts to attain the targets CROOZ Blockchain Lab, Inc. Head Office ：Ebisu SS building 1F, 4-3-14 Ebisu, Shibuya-Ku, Tokyo, JAPAN Established ：September 19th, 2018 Capital ：40 million yen（including capital reserve. as of the end of March in 2022） Description ：Planning and consulting services in the FINTECH area and NFT game planning and operation servicesContactPR [email protected]

Over the last quarter, the underlying risks of CeFi have become evident to the global crypto community. While the accessibility, fixed interests, and cross-chain services of CeFi are unmatched by DeFi services, its lack of transparency and control is significantly concerning for the users. As the recent downfall of Celcius has shown, trusting your digital assets with centralized third parties can be significantly risky, particularly when the bear market kicks in. Midas Investment, a custodial crypto-investment platform is solving this issue by merging CeFi and DeFi strategies into the innovative CeDeFi model - the best of both worlds. This innovative model combines the user-friendly experience of CeFi with several DeFi strategies that can continuously maintain high-yield prospects and transparency. Midas has recently launched its new CeDeFi strategy called “GLP” - which generates 20-30% projected ROI (in ETH) for leveraged traders on the GMX exchange. This new strategy is poised to create sustainable income generation opportunities from leveraged traders during any market conditions. What is the GLP CeDeFi strategy? GLP is the new index liquidity provision strategy innovated by Midas Investments. It provides blue-chip liquidity for leveraged traders on GMX, a decentralized perpetual exchange. How does it work? Users on the GMX exchange supply liquidity into the GLP index. They earn a variable fee generated from the trader’s liquidation and from trader losses in the exchange. This strategy allows leveraged traders to retain 20-30% APR in ETH. The GLP index is very unique in terms of how its formulated. Nearly 98% of the index is composed of tier-1 tokens, including Bitcoin (BTC), Ethereum (ETH), and major stablecoins such as FRAX, USDC, USDT, and DAI. The stablecoins account for around 45% of the index, while the remaining 55% are BTC and ETH. So, when users buy GLP shares for stablecoins, they will also effectively enter a 0.25x soft long position on Bitcoin and Ethereum. This unique indexing mechanism will allow GLP shareholders to generate a strong and sustainable leveraged income. Once the strategy is launched, Midas will issue GLP shares for its users through the index token, which they can swap into on the GMX exchange. What are the sources of yield in GLP? GLP rewards its leveraged shareholders from two distinct sources. Around 20% of the yield comes from the fees paid by the traders when opening and closing their leveraged positions on the GMX exchange. Basically, for liquidation, they swap assets using GLP liquidity, which ultimately contributes a portion of the fees to the index shareholders. The second source of rewards is the losses incurred by traders. When traders lose money on the crypto market, their net losses are GLP’s net profits. Around 85% of the GLP yield comes from this source. Rewards are always given in ETH. The pros and cons of the GLP index strategy GLP is a very low-risk investment strategy to receive exposure to BTC and ETH. What’s more unique is that the index will particularly perform well during any market conditions, when traders are most likely to lose money. Being a liquidity index provision, GLP can potentially grow during high volatility, because most traders will experience negative PnL (profit and loss). This functional mechanism provides a high and sustainable yield for GLP holders. In terms of cons, users should understand that GLP is not the same as a single-sided liquidity provision. When depositing a token of their choice to buy the index shares, they will inevitably gain exposure to other tokens on the exchange. For instance, you might be depositing a stablecoin, but your index share will also be exposed to BTC and ETH. So, if one of the tokens in the index loses its value, GLP will lose value too. Also, in a bull market, trader profits will incur net losses on the index. Is CeDeFi the future? As the new GLP strategy from Midas shows, CeDeFi can potentially solve a lot of the major issues in the leverage trading market. By deploying such strategies on DeFi protocols, platforms can maintain transparency and high yield prospects. However, being governed by a custodial platform like Midas, the ease-of-access and comprehension are still intact. CeDeFi provides a very simple and easy approach to hedged complicated DeFi strategies which use several protocols to generate yield and are hard to be managed in one hand due to changes of market conditions,volatility, liquidity volume changes, and etc.. At the same time, allowing users to have full transparency and control over their funds. Midas Investments is innovating this CeDeFi model to lower the high-entry barrier of crypto and DeFi. Leveraging the CeDeFi model has allowed the platform to provide vetted yield opportunities at lower fees for its investors. First three CeDeFi investment strategies “Soft Long”, “Soft Short”, and “DeFi Token Farming” just a month ago, showed great user interest and gathered more than $4 million TVL from more than 1,500 active users. Midas is the first crypto platform to transparently talk about yield strategies and officially publish its monthly financial reports recapping product performance and portfolio structure - maintaining a fully transparent infrastructure. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

Over the last quarter, the underlying risks of CeFi have become evident to the global crypto community. While the accessibility, fixed interests, and cross-chain services of CeFi are unmatched by DeFi services, its lack of transparency and control is significantly concerning for the users. As the recent downfall of Celcius has shown, trusting your digital assets with centralized third parties can be significantly risky, particularly when the bear market kicks in. Midas Investment, a custodial crypto-investment platform is solving this issue by merging CeFi and DeFi strategies into the innovative CeDeFi model - the best of both worlds. This innovative model combines the user-friendly experience of CeFi with several DeFi strategies that can continuously maintain high-yield prospects and transparency. Midas has recently launched its new CeDeFi strategy called “GLP” - which generates 20-30% projected ROI (in ETH) for leveraged traders on the GMX exchange. This new strategy is poised to create sustainable income generation opportunities from leveraged traders during any market conditions. What is the GLP CeDeFi strategy? GLP is the new index liquidity provision strategy innovated by Midas Investments. It provides blue-chip liquidity for leveraged traders on GMX, a decentralized perpetual exchange. How does it work? Users on the GMX exchange supply liquidity into the GLP index. They earn a variable fee generated from the trader’s liquidation and from trader losses in the exchange. This strategy allows leveraged traders to retain 20-30% APR in ETH. The GLP index is very unique in terms of how its formulated. Nearly 98% of the index is composed of tier-1 tokens, including Bitcoin (BTC), Ethereum (ETH), and major stablecoins such as FRAX, USDC, USDT, and DAI. The stablecoins account for around 45% of the index, while the remaining 55% are BTC and ETH. So, when users buy GLP shares for stablecoins, they will also effectively enter a 0.25x soft long position on Bitcoin and Ethereum. This unique indexing mechanism will allow GLP shareholders to generate a strong and sustainable leveraged income. Once the strategy is launched, Midas will issue GLP shares for its users through the index token, which they can swap into on the GMX exchange. What are the sources of yield in GLP? GLP rewards its leveraged shareholders from two distinct sources. Around 20% of the yield comes from the fees paid by the traders when opening and closing their leveraged positions on the GMX exchange. Basically, for liquidation, they swap assets using GLP liquidity, which ultimately contributes a portion of the fees to the index shareholders. The second source of rewards is the losses incurred by traders. When traders lose money on the crypto market, their net losses are GLP’s net profits. Around 85% of the GLP yield comes from this source. Rewards are always given in ETH. The pros and cons of the GLP index strategy GLP is a very low-risk investment strategy to receive exposure to BTC and ETH. What’s more unique is that the index will particularly perform well during any market conditions, when traders are most likely to lose money. Being a liquidity index provision, GLP can potentially grow during high volatility, because most traders will experience negative PnL (profit and loss). This functional mechanism provides a high and sustainable yield for GLP holders. In terms of cons, users should understand that GLP is not the same as a single-sided liquidity provision. When depositing a token of their choice to buy the index shares, they will inevitably gain exposure to other tokens on the exchange. For instance, you might be depositing a stablecoin, but your index share will also be exposed to BTC and ETH. So, if one of the tokens in the index loses its value, GLP will lose value too. Also, in a bull market, trader profits will incur net losses on the index. Is CeDeFi the future? As the new GLP strategy from Midas shows, CeDeFi can potentially solve a lot of the major issues in the leverage trading market. By deploying such strategies on DeFi protocols, platforms can maintain transparency and high yield prospects. However, being governed by a custodial platform like Midas, the ease-of-access and comprehension are still intact. CeDeFi provides a very simple and easy approach to hedged complicated DeFi strategies which use several protocols to generate yield and are hard to be managed in one hand due to changes of market conditions,volatility, liquidity volume changes, and etc.. At the same time, allowing users to have full transparency and control over their funds. Midas Investments is innovating this CeDeFi model to lower the high-entry barrier of crypto and DeFi. Leveraging the CeDeFi model has allowed the platform to provide vetted yield opportunities at lower fees for its investors. First three CeDeFi investment strategies “Soft Long”, “Soft Short”, and “DeFi Token Farming” just a month ago, showed great user interest and gathered more than $4 million TVL from more than 1,500 active users. Midas is the first crypto platform to transparently talk about yield strategies and officially publish its monthly financial reports recapping product performance and portfolio structure - maintaining a fully transparent infrastructure. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

The move by GitHub comes as Ethereum developers have called for platforms that host the mixer service to not ban Tornado Cash code.

Although the experience of using crypto has completely transformed from just a few years ago, few would say that it’s simple! Developers have rightly identified that good UX design is a crucial factor in onboarding more people to crypto, particularly less technical users. However, this development has often come at the expense of a crucial feature: privacy. But a recent UX hackathon in Zurich, Switzerland aimed to change all that. Hosted by Swiss privacy project HOPR in collaboration with crypto giants ConsenSys and Metamask, the event brought together dozens of UX designers to design ways to implement strong data and metadata privacy directly into Metamask wallets, all in a way which regular users can understand. This was the first hackathon of its kind in the crypto space, and it marks a very welcome shift in focus for Metamask, the most popular wallet provider in DeFi. The DeFi boom has introduced more and more complicated concepts into crypto. The huge proliferation of exciting new web3 services like yield farming, decentralized exchanges, and NFT marketplaces is a far cry from the early days of just sending a few tokens back and forth, and that’s before we get into the fact that these new dApps often exist in parallel versions across different chains, all of which have bridges between them. It’s enough to make even an experienced crypto user’s head spin. It’s complex, and makes for a daunting UX challenge. Nowhere is this need more keenly felt than in wallet design. Wallets are the cornerstone of the crypto experience: without them you can’t make transactions, interact with smart contracts, or connect to marketplaces or DeFi services. Wallet makers like Metamask are constantly tweaking their user interfaces to make the experience simpler and smoother, and tools like Wallet Connect aim to seamlessly link wallets with web3 services. However, in the rush to simplify the crypto experience, privacy is often an afterthought. RPC endpoints – the tools used by wallets and web3 services to make and respond to data requests – often leak huge amounts of user data, including IP addresses and the contents of wallets (even if the addresses in that wallet have never interacted on-chain). True web3 metadata privacy is possible thanks to services like Tor and HOPR, which provide data mixing at the transport level to obscure the links between sender and receiver. However, using these tools often requires a level of technical expertise beyond the average user, including running dedicated nodes to act as their own trusted RPC endpoint. Clearly a different approach is needed to bring much-needed privacy to the masses. In an attempt to address this issue, Metamask recently hosted what organizers believe is the first crypto UX hackathon in Switzerland , as part of the Ethereum Zurich event. In collaboration with ConsenSys and HOPR, over 30 UX designers came together to design a UX to integrate HOPR’s transport level privacy directly into wallets using Metamask Snaps, a tool to extend the basic Metamask wallet. After a full day of workshops and design challenges, a team of judges rated the different entries and chose the winners. The focus across all the entries was balancing transparency and simplicity. Users want to know what options they have and how their data is being handled, but they don’t want to be overwhelmed with technical detail. This is a tricky tightrope to walk, but it’s a challenge that can’t be avoided if web3 is ever going to reach its true potential. The next step will be to actual build the winning concepts. Over the next few months, more hackathons will be held at events across the globe. This time, developers will build on the UX ideas to bring them to life with real code. The goal is that a truly private mainstream wallet will be a reality in 2023. By reversing the normal approach and putting UX design first, the hope is that Metamask will crack the problem of bringing full privacy to every user in crypto in a simple and understandable way. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Decentralized autonomous organizations have too many attack vectors that affect important projects. That needs to change for them to become practical governance models.

New York, United States, 15th September, 2022, Chainwire LiveArt, the web3 platform transforming the art market, is bringing its industry-leading tools for creators, collectors, communities, and brands to the BNB Smart Chain. The major new initiative was announced today by LiveArt Co-founder and CEO Boris Pevzner at Binance Blockchain Week in Paris and extends a range of LiveArt’s web3 products and features to the BNB Smart Chain. Through its white labeled launchpad, LiveArt is empowering creators and partners to build on the BNB Smart Chain, enabling the creation of fully customized and branded web3 applications designed for both traditional collectors and crypto natives. The platform is also introducing the Binance Account Bound (BAB) tokens utility into its ecosystem and to its community of over 400,000 collectors. BAB token holders will have access to an exclusive membership that includes special whitelist access and other benefits on the LiveArt platform. LiveArt also plans to launch select NFT collections by globally-recognized artists on BNB Smart Chain, beginning with a new generative NFT collection by Huang Yuxing, the renowned artist breaking global auction records. The new initiative follows LiveArt’s collaboration with BNB Chain this summer on the LiveArt Global 100, an open call to artists that drew over 500 applicants from more than 50 countries, with the top submissions currently available to acquire on the Binance NFT Marketplace. Boris Pevzner, Co-Founder and CEO of LiveArt said, “LiveArt has everything a creator or brand is looking for as they enter the web3 space: a network of globally-recognized artist and creators, top notch expertise in both web3 and the arts and culture, and a full spectrum of tools and solutions to get their projects off the ground. We’re excited to empower our partners to launch on BNB Chain and to enhance LiveArt’s own LiveArt ecosystem with the capabilities of the BAB token.” LiveArt’s White Labeled Launchpad for Brands and Creators on BnB Chain LiveArt’s white labeled launchpad allows the creation of fully customized and branded web3 marketplaces and has been utilized by respected arts and culture partners. LiveArt provides support with everything from ideation – including access to its network of content and artists – to infrastructure, to implementation and maintenance. With features including the ability to set up multiple royalty recipients, accept both fiat and crypto transactions, and integrate with existing APIs and SDKs, LiveArt is an all-in-one solution for creators and brands looking to enter the web3 space with a platform that is built for both traditional collectors and crypto natives. LiveArt will offer integration with BNB Smart Chain beginning this month. Exclusive Benefits for BAB Token Holders Available exclusively to BAB token holders, the LiveArt Membership connects the BNB community with LiveArt’s global arts and culture network and top-tier content. Holders receive benefits including: Whitelisting for exclusive releases and airdrops Limited edition physical art and collectibles Invitations to elite virtual and IRL events Voting power in deciding themes for the LiveArt Global 100 Access to LiveArt’s proprietary, AI-generated market analytics for NFTs and physical art, drawing from a rapidly growing database of more than 10 million auction records BAB token holders will also serve as a key component of Know Your Customer (KYC) verification flow on LiveArt, with token holders obtaining a “verified” status and badge across the LiveArt ecosystem of products. This includes LiveArt’s peer-to-peer trading features, AI-generated analytics, and collection tracking for physical art. Arts and Culture Projects With Leading Global Artists on BnB Chain Coming to BNB Chain This Fall: Chapter 2 of Huang Yuxing’s Meta-morphic Following launches of NFT collections by major artists on the LiveArt NFT platform, including Paul Kneale, LiveArt is collaborating with the renowned contemporary artist Huang Yuxing (b. 1975, Beijing) on Meta-morphic, the artist’s first digital artworks. Huang Yuxing is widely recognized for paintings that reflect and preserve the process of their creation. His work’s exceptional synthesis of styles has broad appeal, with imagery that calls back to traditional landscape painting rendered in an ultra-contemporary neon palette that verges on abstraction. Huang’s works have already surpassed the $8-million mark at auction, most recently via the sale of his epic riverscape Seven Treasure Pines (2016-19), which sold for HK$64.8 million ($8.3 million), more than 13 times its high estimate, a record sum for a Chinese artist born after 1970. Huang Yuxing’s collection with LiveArt is a multi-chapter drop, including generative artworks and staking. About LiveArt Established by a team of art market insiders and tech innovators, LiveArt is a leading global art platform that blends innovative technology with intimate knowledge of the art market to put collectors and artists in control. LiveArt provides collectors unmatched access to proprietary pricing data and market insights so they can buy and sell artworks with confidence, discretion, and efficiency. The AI-powered data platform is the preeminent destination for art market data and analysis, live auction streaming, real-time and historic pricing information, detailed analysis of artist and market trends, and financial and cultural context. LiveArt’s digital peer-to-peer marketplace provides for ultimate discretion, allowing users to determine how much information about their identity and works of art is disclosed. LiveArt NFT is LiveArt’s end-to-end web3 solution for minting and selling NFTs, which equips artists and collaborators with comprehensive rights management and unbreakable resale royalties. Artists can mint their works in the Creator Hub, and collectors can access a curated selection of only the best artworks on the LiveArt NFT Marketplace. The White Label Suite enables galleries and museums to launch and manage their own NFT marketplaces or work with the LiveArt NFT Studio and its partners to curate and market drops. www.liveart.io | Instagram | Twitter | Facebook | DiscordContactsResnicow and [email protected]

The world's largest asset manager has joined forces with CF Benchmarks.

Gnosis Chain is the first chain after Ethereum to gain support on The Graph’s decentralized network, which will soon replace The Graph’s centralized “hosted” service.

Tether said that it complies with OFAC requests to freeze addresses, but hasn’t received one pertaining to the popular mixing service.

The Dutch Crime Agency (FIOD) arrested a Tornado Cash developer following the US sanctions on the mixing service.

Barely two days after the U.S. Treasury Department blacklisted Tornado Cash, Dutch authorities arrested a 29-year-old man suspected of developing the decentralized crypto-mixing service.

Cryptocurrency exchange dYdX said it blocked user accounts with an association with Tornado Cash, the crypto-mixing service recently sanctioned by the U.S. Treasury.

William Callahan joined CoinDesk TV’s “First Mover” to discuss the Treasury Department’s sanctioning of the mixing service.

The US Treasury has sanctioned the controversial crypto mixing service Tornado Cash. What does this mean for crypto moving forward?  Covered: Tornado Cash Sanctioned By US Treasury What Tornado Cash Sanctions Mean For Crypto Tornado Cash Sanctioned By US Treasury Did Treasury finally learn what Tornado Cash was? LOL, like 3 years late guys https://t.co/PeroL63zpJ […] The post US Treasury Sanctions The ‘Notorious’ Tornado Cash — Here’s Why appeared first on CryptosRus.

The U.S. Treasury Department barred all U.S. persons from using Tornado Cash, alleging its use in laundering stolen crypto funds by North Korean hackers poses a national security threat.

Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee, has asked 20 of the largest cryptocurrency firms doing business in the U.S. to explain their hiring practices as the panel adds the digital assets industry to the financial sectors it’s questioned about employment diversity.