Day: August 24, 2022

New fix for curse of Impermanent Loss proposed on Avalanche

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Avalanche-based decentralized finance (DeFi) protocol Trader Joe claims it may have found a way to mitigate one of DeFi’s biggest weaknesses — impermanent loss.  In a newly released whitepaper on Aug. 23 called the JOE v2 Liquidity Book, authored by Quant developers and researchers Adam Sturges, “TraderWaWa”, “Hanzo” and software engineer “Louis MeMyself”, the developers outlined the use of Liquidity Book (LB) with an additional variable fee swap feature to “provide traders with zero or low slippage trades.” /4 Impermanent Loss One of the most critical issues of Uniswap V3…

Australia’s Northern Territory mulls landmark crypto gambling regulation

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Australia’s Northern Territory Racing Commission (NTRC) is consulting with its gambling licensees over a tentative proposal to incorporate crypto wagering as part of the regulated gambling industry. For the most part, gambling in Australia is regulated at the state level and not federally. The NTRC oversees all gambling and wagering companies that choose to be licensed in the Northern Territory (NT), including global wagering companies such as Betfair, Entain Group, Draft Kings and Sportsbet. As it stands, the NTRC has sent a private document out to licensees, which seeks input…

Social media influencers paid thousands to endorse potentially fraudulent cryptocurrency projects

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A CNBC investigation found that some social media influencers are getting paid thousand to promote crypto projects, but regulators warn these influencers could be pedaling frauds. CNBC’s Eamon Javers joins ‘Squawk Box’ with the details. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business…

Ethereum Remains Vulnerable To Print New Low Below $1,500

Ethereum is struggling to clear the $1,650 resistance against the US Dollar. ETH remains at a risk of more downsides below the $1,500 support. Ethereum attempted to clear the $1,650 resistance but failed. The price is now trading below $1,630 and the 100 hourly simple moving average. There is a key rising channel forming with support near $1,605 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if there is a clear move below the $1,545 support zone. Ethereum Price Turns Red…

Telegram CEO Pavel Durov Hints at Web3 Integration – Bitcoin News

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Pavel Durov, CEO of Telegram, has hinted at a series of Web3 enhancements coming to the popular messaging platform. Durov talked about the benefits that tradable usernames and channel links might have in the future, creating a marketplace where users could use them in the same way Ethereum Name Service addresses are utilized. Telegram Might Receive Web3 Enhancements Digital companies are starting to see benefits that Web3, NFTs, and user-led digital marketplaces might bring to their operations. Pavel Durov, CEO of Telegram, one of the most popular messaging…

Nearly half of US adults say their crypto punts are worse than expected: Survey

Amid the ongoing crypto winter, new data from a Pew Research Centre survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments. The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys. Conducted from July 5 to 22 of this year, the majority of respondents who said they had invested in crypto said they saw lower than expected returns than expected while only 15% of people surveyed…

Uniswap Community Behind DEX Establishes Foundation to Support Open-Source Development

“There’s no organization within the Uniswap ecosystem focused on reducing the friction in governance, and that is one area that the foundation will be focused on and is excited to work on,” Devin Walsh, a Uniswap community member who proposed the foundation alongside Kenneth Ng, told CoinDesk. “We want to ensure that there will be a large, thriving ecosystem of organizations that are building on, integrating with, and organizing events in support of the protocol.” Source

64% of US blockchain-versed parents want crypto taught in schools: Survey

Over two-thirds of U.S. parents and college graduates with an understanding or involvement in crypto believe that crypto should be taught in schools in order for students to “learn about the future of our economy,” a new study has found.  In a newly released survey from the online educational platform Study.com, the firm found that 64% of the parents 67% of the college graduates surveyed believed that cryptocurrencies should be part of mandatory education.  Source: 2022 Study.com Survey Both groups had a slightly different view when it came to the…