Category: Cryptocurrency News

The registration for committing your Algo into governance is now open for the 2nd Governance Period. The registration window is open until January 7th. The 2nd Governance Period will run until March 31st and you must maintain your committed balance throughout the entire 3-month period to be eligible for rewards. https://governance.algorand.foundation/governance-period-2 They have not yet…
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Justin Sun (or His Excellency Justin Sun), a technology and cryptocurrency entrepreneur who recently became a Grenada diplomat, has revealed that he will travel to space on a Blue Origin aircraft next year and will bring five people with him. Justin Sun Reveals He Was The Secret Bidder The 31-year-old has identified himself as the $28 million anonymous bidder who won a ticket in Blue Origin’s first crewed mission in July, but had to reschedule due to a scheduling difficulty. The undisclosed bidder will instead fly on a future journey, according to Bezos’ privately held commercial space enterprise. “I won the auction six months ago but missed the launch. However, this did not stop my love for space,” Sun said in a tweet. “So I’m very excited to announce this news and turn this opportunity into a voyage with five other warriors to space with me because I believe that space belongs to everyone!” With launch, Tron’s creator will join a select group of deep-pocketed space tourists. Sun said it was an opportunity to fulfill a long-term dream and share the delight with five “space warriors” through his new “Sea of Stars” campaign in a series of tweets. (1/12)6 months ago, I was lucky enough to win the auction of Blue Origin’s first launch! Today, I announce that I’m launching the “Sea of Stars” campaign, which will select 5 warriors to explore space with me in 2022! @blueorigin @clubforfuture! Details: https://t.co/uoCCwofsjk pic.twitter.com/gZmPDQ3l5D — H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) December 22, 2021 Sun, who was born in China, recently stepped down as CEO of Tron, the cryptocurrency network he founded. He announced his appointment as Grenada’s envoy to the World Trade Organization in Geneva last week. Sun will take the flag of the Caribbean nation where he now resides with him on his journey into orbit. Tron trades for $0.08. Source: TradingView Related article | Justin Sun Offers $50M Dogecoin For TRX And BTT SpaceX Satellite Launch 5 People To The Moon Sun added on Twitter that he will handpick the five people as part of a campaign dubbed Sea of Stars A member of the TRON DAO community, long-term investors of various cryptocurrencies, and other leaders from fashion, technology, and entrepreneurship will be among the five persons Sun will name in the coming months, according to Sun. Yusaku Maezawa, a Japanese millionaire, just returned to Earth following a 12-day journey into space, making him the most recent person to fly to space via commercial space businesses launched by billionaires such as Jeff Bezos, Richard Branson, and Elon Musk. Sun rose to prominence as a result of his involvement in cryptocurrency and a series of high-profile bidding contests. He won an auction for lunch with Warren Buffett in 2019, but the meeting was postponed after he was pressed to apologize on Chinese social media platform Weibo for “overly” marketing the date with one of America’s wealthiest individuals. He also placed a bid on artist Beeple’s non-fungible token and Twitter Inc. co-founder Jack Dorsey’s first-ever tweet, but was outbid in both cases. Related article | Tron Founder Justin Sun Purchases Joker Inspired BAYCTron For A Record $15 Million Featured image from Pixabay, chart from TradingView

DeBond continues to make inroads in the decentralized finance industry. Its approach to decentralizing bonds through blockchain technology and smart contracts resulted in a $500,000 seed funding round. Various prominent backers and investors see merit in this approach, paving the way for broader financial access to everyone. DeBond Keeps Making Inroads The seed funding round for DeBond shows the overall demand for decentralizing traditional financial instruments. Bonds have been an essential part of the finance industry for decades, yet their core model has not changed. More importantly, bonds are only accessible to qualified investors and governments, creating a fractured landscape. With the help of decentralized technology, those fractures can now be mended and the appeal of bond vehicles can be expanded upon. The recent seed funding round for DeBond – a $500,000 financial injection – puts the company’s valuation at $12.5 million. Seed round investors include Bixin Ventures, Lotus Capital, Wave Capital, Hotlabs, etc. The vision of decentralized bonds and collateralized debt obligations change the playing field for consumers and institutions exploring new opportunities in the finance industry. The approach to these new financial vehicles is made possible through the ERC-3475 token standard. It introduces independent functions to read, transfer a collection of bonds, and have bonds redeemable from the bond issuer. That latter option will only be possible if specific conditions have been met. Leveraging blockchain technology for the bonds industry introduces new opportunities that would otherwise not be accessible. An extra benefit of ERC-3475 is how it enhances the traditional liquidity provider tokens on the Ethereum blockchain. More specifically, it can replace the ERC-20 token standard by supporting additional data and logic forms. As a result, a more advanced version of LP tokens can prove beneficial to DeFi-oriented projects and services and help enhance reward systems or even introduce new ideas. A Big Step For Decentralized Finance The vision by DeBond can bring more use cases for bonds and derivatives to the table. Those are two focal points for the team and two crucial investment vehicles in traditional finance that, while making some inroads in crypto, remain largely unexplored in the industry. The strong support by these backers and investors confirms exploring these options may prove worthwhile. DeBond intends to enhance the overall appeal of yield farming in the DeFi industry. The current landscape requires users to own specific crypto assets to engage in yield farming on a particular chain. However, decentralized bonds may change that narrative for the better. They can also pave the way for a more complex economic system centered around ERC-2475 as a token standard.

Learn more about a Bored Ape Yacht Club animated series, The Weeknd’s Blinding Lights NFT drop, the Mini Royale: Nations game’s popularity and RadioShack’s foray into DeFi.

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Binance Labs was the lead funder in a $60-million seed round, Interlay seeks to increase Bitcoin interoperability, Bent Finance and Grim Finance suffer million-dollar exploits — all coming to you in this week’s Finance Redefined.

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