Day: September 6, 2022

1inch users on Optimism to receive airdrop of 300,000 OP tokens

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Decentralized exchange aggregator 1inch is rewarding users with free tokens for their participation on Optimism — a move the organization says will further incentivize activity on the Ethereum layer-2 scaling solution. The exchange aggregator announced Tuesday that it would equally distribute 300,000 OP tokens among its most active wallets and regular users on Optimism through a retrospective Merkle drop. 1inch said 3,782 wallets have been selected for the airdrop. OP token is the native cryptocurrency of Optimism giving holders the ability to participate in the network’s multi-tiered governance system. OP…

Crypto Investment-Product Firm 21Shares’ Parent Raises $25M, Pushing Valuation to $2B

The round, led by alternative investment firm Marshall Wace, comes as the crypto market faces what some observers are calling a crypto winter. The total cryptocurrency market cap has slumped to less than $1 trillion from about $3 trillion in November and bitcoin, the largest cryptocurrency, has dropped 59% this year. Firms grappling with lower cryptocurrency prices have been forced to cut costs, with casualties including investment fund Three Arrows Capital and lender Celsius Network. Source

Large Ethereum Miners Look to Cloud Computing, AI Ahead of The Merge

The miner already has a test pilot project running at a “Tier 3” data center, where a portion of the Nvidia A40 GPU cards are being applied to cloud computing. “These cards [A40] can be used for cloud computing and AI applications, and rendering for engineering applications, in addition to scientific modelling of fluid dynamics,” the company said in the press release. Source

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Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week – Altcoins Bitcoin News

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Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided to add a token called SURF to USDN’s reserve basket in order to “improve the mechanics of recapitalizing USDN reserves.” Waves Stablecoin USDN Falters, Team Adds SURF to Improve Algorithmic Stablecoin’s Reserve Mechanics, Waves Founder Dismisses Critics Another stablecoin has shown…

Ethereum Carries Bitcoin Price Up, Will “The Merge” Live to Expectations?

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The Bitcoin price has been stuck below $20,000 as Ethereum and other altcoins take over the price action and push the sector upwards. Ethereum just deployed the “Bellatrix” upgrade, the final step before “The Merge”, and the price of Ethereum is blazing through local resistance. At the time of writing, Bitcoin price trades at $19,900 with sideways movement across the last 24 hours and 7 days respectively. In the meantime, the Ethereum price trades at $1,670 with a 7% and 8% profit over the same time periods, respectively. BTC’s price…

Lazy Lions Passes $100 Million USD Volume Traded and Celebrates First Birthday – Blockchain News, Opinion, TV and Jobs

Lazy Lions has just passed the $100 million USD volume traded mark. With this achievement, it is now in the top 58 of all-time when it comes to NFT collections by trading volume, and in the top 30 for PFPs. Moreover, this veritable accomplishment coincided with the generative NFT project’s first birthday. It is important to note that the Lazy Lions OG collection, which minted at 0.05 ETH in August, sold out in just 5 hours. From then on, Lazy Lions built a strong community of over 140,000 Discord, 100,000…