Hi guys. If you don't already know it, this is the no-official newsletter about Curve Finance. If you don't have time to be 24-7 on Twitter. This is a good way to follow what is happening https://cryptouf.substack.com/p/whatup-on-curve-57 submitted by /u/cryptouf [link] [comments]
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Howdy all. Just wanted to share some good news coming out of the Algorand Foundation today. Anyone who is actively involved in the community might be aware that a recent issue cropped with in relation to governance and rewards. Essentially, holders had to commit whatever Algo balance they wanted for the second period of governance…
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A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery investor has offered to bail out the collapsed crypto […]
The popularity of meme coins like Dogecoin and Shiba Inu has triggered an influx of meme coins into the crypto space. For starters, there are hundreds, if not thousands, of small projects that have popped up to try to profit off the fame of these tokens. Some have succeeded, most have failed. However, one thing is certain, the Shiba Inu-themed coin market is oversaturated. To this end, there has been the need for new themes to keep the meme coin space afloat. Cats have made their debut in the space as projects try to break away from dog themes. All this really means is that there needs to be a new dog in town and that dog is Shar Pei. What Is Shar Pei? A Shar Pei is a dog breed from southern China that is usually kept as a watchdog or a property guardian. The breed is distinguished by its incredibly wrinkly skin and muscular build. They make for adorable dogs while also being loving companions and guardians. Deviating from the standard Shiba Inu dog breed that the meme coin space is known for, the Shar Pei project has taken on this dog breed to fly on its banner. Shar Pei has stayed as close to the original theme behind the leading meme coins but has found immense success in its differences. The project combines the fun of the meme coin community with the promise of a great future. Shar Pei has also taken a different route with its team structure. For starters, the team does not intend to make any out of the meme token. This is why there was no private sale or a seed sale. Shar Pei was launched in a ‘free launch’ to give all investors a fair chance at making massive returns on their investments. The project is the embodiment of what a free and fair opportunity looks like. $SHARPEI Tokens Shar Pei was launched three weeks and four days ago and has found great success since it launched. There is a total supply of 100,000,000,000 (100 billion) tokens, with 50% (50 billion) of the tokens locked for five years. This greatly limits the supply available at launch in addition to the current circulating supply which will not go up in volume for the next five years. There is no dev or team allocated tokens for Shar Pei when the tokens are purchased. Holders can hold millions or billions of $SHARPEI tokens as there is no limit on purchase. At its current price, the market cap of Shar Pei sits at $8,000,000, with over 5,000 holders invested in the token. The token has recorded an uptrend of up to 20,000% since launch and is expected to continue its bullish trend as the project matures. Shar Pei is listed on CoinMarketCap and Coingecko and is available for purchase on PancakeSwap. For more information, visit https://sharpeitoken.io
Ethereum shows strength as MATIC rises 7% Global market jitters spread to crypto at the weekend, with Bitcoin falling to $42K before bouncing to almost $50K. Markets are digesting multiple uncertainties, including the many unknowns of the Omicron variant, and the possibility of an end to pandemic-era central bank stimulus. Combined with thin weekend trading volume and the build up of leverage, this led to cascading sell orders and liquidations across the crypto market on Saturday. Nevertheless, El Salvador’s President Nayib Bukele was not deterred and joined MicroStrategy in buying the dip. In a show of strength, Ethereum outperformed Bitcoin during the downturn. The leading smart contract platform stayed above $4K, showing only 6% weekly losses compared to Bitcoin’s 15%. Even stronger, Layer 2 solution Polygon (MATIC) emerged from the downturn with 6% weekly gains. This Week’s Highlights Ethereum outperforms Bitcoin Polygon’s MATIC rises against the market eToro lists Celo On the Digest & Invest podcast this week… Ethereum outperforms Bitcoin Ethereum showed relative strength during the weekend drop; losing less value and recovering faster, in line with the trend of recent months. Both cryptoassets have fallen significantly from the record highs set in November, yet since December 2020 Bitcoin has doubled in value, while Ethereum has gained about 530%. In response, some traders are calling for a “flippening” where Ethereum overtakes Bitcoin as the biggest cryptoasset. The outperformance could be down to Bitcoin’s more established role as a macro asset that trades on economic data and global trends, compared to Ethereum which is more associated with the hottest crypto growth sectors such as decentralized finance (DeFi), non-fungible tokens (NFTs), and the metaverse. Polygon’s MATIC rises against the market A flash of green in a sea of red, Polygon’s MATIC token pushed against the falling market to finish the week with 6% gains. The buoyancy of the Layer 2 network could be attributed to the announcement of a new partnership with GameOn Entertainment to build NFT games on the network, and the recent release of a new JavaScript library. Elsewhere, few other smart contract platforms matched MATIC’s resilience. Algorand managed to stay flat and hold against the downturn, while Polkadot and Cardano suffered double-digit losses. eToro lists Celo eToro’s expansion of supported cryptoassets continues with the listing of Celo. Celo is the native token of the Celo platform, which aims to use blockchain to bank the unbanked, making it possible for anyone to settle payments in crypto between mobile devices without the need for financial institutions. The launch brings the total number of cryptoassets available on eToro to 41. On the Digest & Invest podcast this week… Tune in to Digest & Invest to hear eToro’s Sam North interview the CEO of Chiliz and Socios.com Alexandre Dreyfus. Week ahead The swing lower has shifted market sentiment to Extreme Fear, as traders worry that more downside could be in store. On the upside, others argue that the wipeout has washed out excess leverage in the market, potentially setting up healthier conditions for a more sustainable price rise in the near future. In the week ahead, regulatory developments could set the tone for trading as a handful of crypto industry executives are set to testify before US lawmakers on Wednesday. Image: Pixabay
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