Crypto Guides, Knowledge & Insights

FlokiPup Token – The next meme cryptocurrency moonshot

The crypto world is changing every day. We have seen many successful new cryptocurrencies exploding like DOGECOIN s pup as a meme and keeps adopting it as Elon posts pictures of his dog. The aim is to grow naturally alongside with Elons pup as well as developing a P2E Metaverse game and a DEX.　　FlokiPup is all about giving to the world and the community that evolves around it and holders are rewarded with reflections in the form of extra FlokiPup tokens with every Buy/Sell Transaction. With every successful project utility needs to be attached to it. Currently FlokiPup is developing a P2E game - an innovative idea that is used to help people in need where users can take care of their FlokiPup and earn FlokiPup tokens as a reward. The gameplay will be similar to Nintendogs, and idea originating from the Tamagotchi minicomputer.　　FlokiPup has recently been audited by Certik, and initial liquidity is locked on UniSwap for a 60-month term and cannot be withdrawn by any of its team members. Like FLOKI initially, it has been through a turbulent early period but is now settled with version 3 that was created with future large exchange listings in mind. It

2022-02-06Deep Dive

Are NFTs an animal to be regulated? A European approach to decentralization

Nonfungible tokens (NFTs) are constantly in the news. NFT platforms are springing up like mushrooms and champions are emerging, such as OpenSea. It is a real platform economy that is emerging, like those in which YouTube or Booking.com gained a foothold. But it is a very young economy — one that is struggling to understand the legal issues that apply to it.　　Regulators are starting to take an interest in the subject, and there is risk of a backlash if the industry does not regulate itself quickly. And, as always, the first blows are expected east of the Atlantic.　　In this first article devoted to the legal framework of NFTs, we will focus on the application of the digital asset regime and financial law to NFTs in France. In a second article, we will come back to the issues of liability and copyright.A digital asset？　　In France, the definition of digital assets includes two types of tokens. On the one hand are utility tokens, i.e., all intangible assets representing, in digital form, one or more rights, which can be issued, recorded, stored or transferred by means of a shared electronic recording device allowing the owner of the asset in question to be identified,

2022-02-06Deep Dive

All eyes on Asia — Crypto’s new chapter post-China

A fundamental trait of crypto is as an asset class that transcends jurisdictions. Yet, one of the key hubs driving adoption and innovation is Asia. Since the heady days of Korea‘s Kimchi premium and Bitcoin (BTC) arbitrage opportunities, the region is playing a role in defining crypto’s development pathways and anchoring its future.　　According to Chainanalysis‘ report, in the first half of 2021, Asia was already the destination for 28% of the overall global transaction volume — $1.16 trillion worth of cryptocurrency. Central and Southern Asia alone saw crypto transactions grow 706% year-over-year, making it the world’s third-fastest growing region.　　Last year, headlines from Asia were dominated by developments in China. However, the rest of the region was also abuzz, boosted by the halo of perceived legitimacy with regulatory clarity in Singapore around digital assets. The pace of decentralized finance (DeFi) innovation in Southeast Asia was buoyed with a step-up in fundraising and investment in projects. As investors become more comfortable and confident in DeFis yield opportunities, institutional adoption is well-poised to continue on its growth trajectory in 2022.A new chapter, without China　　China‘s stance on crypto is not unexpected, given the country’s long-standing policy of capital control. While the pace of recent

2022-02-06Deep Dive

Mentioning crypto on your profile will bump up your chances in the dating scene

A recent survey from eToro included 2.000 adult US residents between the ages of 18 and 99, and examined whether crypto enthusiasts have better chances when it comes to finding partners.　　It turns out that being crypto savvy became desirable on the dating scene, according to the popular social trading and multi-asset brokerage company.Paying the bill in Bitcoin increases the chances for a 2nd date　　According to the results, including crypto in an online dating profile may play an important role in attracting suitors–with roughly one in three (33%) Americans stating they would be more likely to go out with someone who mentions it.　　The results are, however, gender-biased, as more than 40% of men and 25% of women respondents claimed to be more interested in a potential date when crypto is mentioned.　　Nearly 20% of participants indicated they would be more interested in someone who has an NFT profile picture on a social platform or dating site. 　　Survey findings also suggested that paying with crypto could be an important factor when it comes to dating. 　　Almost three in four (74%) respondents said they would be interested in going on a second date with someone who paid the bill in Bitcoin.　　Here again, paying the

2022-02-06Deep Dive

Lido and Idle DAO launch new risk-adjusted ETH 2.0 staking products

Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive.　　The newly launched stETH Perpetual Yield Tranches (PYTs) were designed to target the more risk-averse segment of the DeFi market, offering an APR ranging from 1.8% to 8%.Idle DAO and Lido bring leveraged yield and deposit protection to ETH 2.0　　The Ethereum ecosystem has grown significantly in the past year and now has over 9 million ETH staked. With over 280,000 active validators on the network, the staked amount of ETH keeps constantly growing—ETH 2.0 currently has twentyfold the amount of staked ETH than the amount required by the Ethereum Foundation at launch.　　To further increase the amount of ETH staked and open up staking to a broader market, Lido has partnered with Idle DAO to introduce a novel risk-adjusted staking opportunity—stETH Perpetual Yield Tranches.　　In a press release shared with CryptoSlate, the companies said that these are the first ETH 2.0 products with a built-in protection mechanism. The rising interest institutional capital has shown for ETH 2.0 has revealed the need for a secure and sustainable yield, and Lidos partnership with Idle DAO was designed to answer that

2022-02-06Deep Dive

Binance CEO Changpeng Zhao Warns Users Of SMS Phishing Scam

CEO of Binance, Changpeng Zao has alerted users about a massive SMS phishing scam that is targeted towards Binance users. The scam of the worlds largest cryptocurrency exchange platform is redirecting users to a malicious website to harvest credentials.　　Changpeng Zhao tweeted on Friday There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below. NEVER click on links from SMS!　　The tweet also urged users to always go to the Binance website via a bookmark or by typing it in on the browser. This way Binance users could protect their credentials.Is The Phishing Scam Only Targeting Binance Users？　　Changpeng Zhaos tweet is comprised of a screenshot, which is in a form of a text message which happens to be targeting the users of Binance. The source of the text message simulates that it comes from the exchange but carries a fraudulent link.　　Upon clicking it, users will be directed to a phishing website. This website will then proceed to harvest the credentials of the users to swindle off their funds.　　Further, the screenshot displayed that the message will contain a withdrawal request from a deceptive IP

2022-02-05Deep Dive

How this woman made over $100,000 selling NFTs

A widely held belief among crypto enthusiasts is that the industry is going to change the lives of people for good. And this has been the case with the many stories we find online.　　Brittany Pierre, a 36-year-old woman living from paycheck to paycheck, saw her life changed for the better after a chance encounter with the non-fungible token (NFT) space.Brittany Pierre shares her NFT story　　This precarious situation was Pierres ideal status until a close friend of hers, Elise Swopes, made $17,600 from the sales of one of her works via an NFT platform. 　　Her friends success inspired her to also give the industry a try. She started by learning how NFTs work from two places: her friend, Elise, and the internet. 　　Barely a month after getting a hang of the space, Pierre made her first set of NFT sales for a few hundred dollars each, which was more than she had ever earned. 　　She found that the first couple of NFT sales she made to be significant because they accounted for what she needed to pay her rent.　　At the time of her first sales, Pierre had just found another day job, but she decided to quit and pursue NFTs full-time,

2022-02-05Deep Dive

Nike cries foul over virtual shoes, suing retailer that sells sneaker NFTs

Sneaker giant Nike sued online reseller StockX in New York federal court on Thursday for selling unauthorized images of Nike shoes, marking the latest lawsuit over digital assets known as non-fungible tokens.　　Nike said StockXs NFTs infringe its trademarks and are likely to confuse consumers. Its lawsuit asked for unspecified money damages and an order blocking their sales.　　Detroit-based StockX, a platform for reselling sneakers, handbags and other goods, was valued at more than $3.8 billion last year.　　A representative for the company did not respond to a request for comment, nor did Nike or its attorneys.　　Nike said StockX last month began selling unauthorized NFTs of its sneakers, telling buyers they would be able to redeem the tokens for physical versions of the shoes “in the near future.”　　The complaint said StockX has sold over 500 Nike-branded NFTs.　　The lawsuit said complaints about the NFTs “inflated prices and murky terms of purchase and ownership” and buyers doubts about the legitimacy of StockXs model have hurt Nikes business reputation.　　Nike said it will release “a number of virtual products” later this month in conjunction with the digital art studio RTFKT, which it acquired in December.　　NFTs have recently exploded in popularity, and lawsuits over them have begun to

2022-02-04Deep Dive

What Are The CryptoPunks V1? And, How Can They Disrupt The Market?

Are the CryptoPunks V1 the original CryptoPunks？ Technically, yes. According to LarvaLabs, the company behind the collection, the V1s “are not official Cryptopunks,” though. How will the market react now that they’re making a resurgence？ This might be the first, but it’s not the last time you’ll hear about the CryptoPunks V1. Let’s explore their history and the controversy around them.What Are The CryptoPunks V1？　　Back in 2017, prehistory for the NFT market, LarvaLabs distributed 10.000 CryptoPunks V1. However, there was a fatal mistake in the governing smart contract. After a transaction, it allowed the buyer, not the seller, to withdraw the money. The buyer could literally have its cake and eat it too, leaving the seller completely in the red. 　　Here’s a thread explaining the technical details of the faulty contract:　　What did LarvaLabs do？ They disowned the original series and started again. They gave away another set of 10.000 CryptoPunks, the V2, and the rest is history. The almost free collectibles gained traction little by little and became the behemoth they’re today. All of the CryptoPunks in circulation were V2s, until now…A Rebel Marketplace Arises　　The CryptoPunks V1s still exist, but they had no marketplace to commerce in because Open Sea

2022-02-04Deep Dive

Japan's Crypto Exchanges Body Considers Easing Rules for Token Listings: Report

The Japanese industry body that makes rules for crypto exchanges is considering easing restrictions on listing new tokens, Bloomberg reported on Wednesday.　　Under the proposed new rules, crypto exchanges will be able to list more than a dozen tokens at once, Bloomberg said, citing people familiar with the matter. The current screening process takes six months or more.　　The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is responsible for approving token listings for crypto exchanges. The Financial Services Agency (FSA), Japans regulator, has allowed the association to run the process on its behalf. The existing system makes it harder for new entrants to compete with incumbents if they want to get many tokens approved.　　JVCEA members have complained that the cumbersome process, which applies even to coins that are popular around the world, is limiting the industrys growth, Bloomberg reported. Τhe FSA has also instructed the self-governing body to clarify its approval process, according to the report.　　The new rules will look to make the listing of popular coins easier. Tokens that have been traded in Japan for over six months and are listed on at least three local exchanges will qualify, Bloomberg reported. The association is also looking at how it can

2022-02-04Deep Dive

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