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Coinbase Wallet expanded support for Ledger hardware wallet ✳️

Cryptocurrency wallet Coinbase Wallet, owned by well-known cryhttps://miro.medium.com/max/1400/0*TF-3THDGIwoNKgLDptocurrency exchange Coinbase, has rolled out support for browser extensions for Ledger hardware wallets. The Coinbase Wallet extension, available from the Chrome Web Store, is a non-custodial wallet that allows users to store and transact cryptocurrencies and non-transferable tokens (NFTs).

By adding Ledger support, Coinbase users can use a physical Ledger device to store private keys to their wallets offline.

"We want to give everyone the ability to use DApps and access WebZ, and to do that we need to create the easiest-to-use and most affordable self-storage wallet in the ecosystem. Today's release solves ... the security problem."


Forbes accuses former TenX CEO of hacking The DAO ♨️

Forbes journalist Laura Sheen investigated the 2016 hack of The DAO project. According to her, Austrian programmer Toby Henisch was behind the $60 million theft.

According to the article, Laura Sheen brought in specialists from the analytics company Chainalysis. They analyzed the transactions related to the hacking of The DAO project and linked them to the wallets belonging to former TenX project CEO Toby Henisch.

According to Chainalysis, the hacker who hacked The DAO sent 50 BTC to his Wasabi Wallet and conducted a mixing operation to conceal the source of the funds. He then transferred the bitcoins to four cryptocurrency exchanges. An employee of one of these exchanges said that the funds from the wallet were exchanged for Grin, an anonymous cryptocurrency.

This IP address, which also hosts Lightning Network nodes, belongs to the TenX project.


Top 10 DeFi tokens tracked by new product 💠

Swiss fund manager Compass Financial Technologies has launched an index for 10 DeFi tokens called the Compass Crypto Basket Fundamental DeFi Index.

CCBFDEFI was launched on Feb. 22 and provides institutional availability for a group of 10 DeFi tokens that are individually weighted based on "liquidity, market capitalization and protocol revenue metrics" and online data.

The maximum weighting for any given token is capped at 35%, and the asset group is selected each month. The firm has listed more than 20 approved tokens that can be used as index components each month, such as UniSwap (UNI), Compound (COMP), Aave (AAVE) and SushiSwap (SUSHI).

"Incorporating fundamentals into index creation gives investors the opportunity to place funds in the best performing DeFi tokens based on sound economic performance."


FriesDAO is buying up fast-food franchises 🍔

FriesDAO wants to democratize access to the fast-food industry. FriesDAO consultants Brett Beller and Bill Lee talked about their mission to be "part of something that connects cryptocurrency and virtual property with real assets."

FriesDAO aims to acquire and scale fast-food restaurant franchises such as Popeye's, Burger King and Taco Bell by inviting FRIES token owners to operate a decentralized fast-food restaurant chain or QSR. Starting with Subway franchise owners, the FriesDAO team hopes to guide its partners in the blockchain space. What "started out as a joke" turned into a serious proposition when they realized that "there was an opportunity for people who were willing to run DAO more like a business."

At the time of publication, DAO had raised $5.4 million, according to its website, which already exceeds their minimum goal of $5 million.


DAO to buy the Denver Broncos 📯

Members of a new DAO have initiated a fundraiser to buy the Denver Broncos, a National Football League team in the United States. They expect to buy it for $4 billion.

BuyTheBroncos DAO aims to give fans a chance to be a part of the team regardless of their level of wealth.

"Essentially, the goal is to create an infrastructure for fans from all walks of life to be able to own the Denver Broncos."

If successful, the Broncos would join the Green Bay Packers among the NFL's fan-owned teams. Fans wishing to purchase a stake in the Broncos through the DAO can contribute as much as they want, as opposed to $300 per share for the Packers.

DAO members who contribute Ethereum (ETH) to buy a team will receive an NFT, which, according to BuyTheBroncos.com, "will serve as your 'membership card,' which will give you access to the co-op."


J.P. Morgan Creates Blockchain Resistant to Quantum Computer Hacking Threat 🛅

J.P. Morgan Chase announced the start of work on creating a blockchain that is resistant to cyberattacks using quantum computers.

To improve the network's security, it will implement a quantum key distribution (QKD) method for encrypting information.

The blockchain has a data transfer rate of up to 800 gigabits per second, and it supports up to 258 communication channels with the AES-256 symmetric blockchain encryption algorithm. The key to decrypt messages changes every second.

"We are gearing up to release quality quantum computers that will change the perception of the level of security of blockchain technology and cryptocurrencies for the foreseeable future.

We are proud to be at the forefront of putting QKD technology into practice," said Marco Pistoia, head of the FLARE research group at J.P. Morgan Chase.


U.S. Fed Recognizes USDC and USDT Stablecoins 📣

Federal Reserve Governor Lael Brainard, appointed by President Biden to serve as vice chair for oversight at the Fed, issued a warning Friday about the rapid rise of stablcoins. Before the 2022 U.S. Monetary Policy Forum, Brainard predicted:

"If current trends continue, only one or two issuers may dominate the stablcoin market in the future."

Brainard described a "crypto-financial ecosystem" - particularly decentralized finance (DeFi) - as responsible for driving demand for stablecoins, which has led to rapid growth. Brainard also warned that the prominence of crypto advertising shown at the Super Bowl should be a signal of the increased exposure of Stablecoin to retail investors.


More than 30 OpenSea users lost ETH and NFT due to phishing attack 🩸

NFT trading platform OpenSea reported that a hacker allegedly stole $1.7 million worth ohttps://allcryptoguide.com/wp-content/uploads/2022/02/Nearly-2-Million-In-ETH-Stolen-From-OpenSea-Users-In-Latest-Phishing-Attack-1024x597.jpgf ether and NFT amid NFT's migration to a new smart contract.

The OpenSea Marketplace said Feb. 19 that it was investigating a series of Twitter posts posted by concerned platform users about an exploit against smart contracts on the OpenSea platform.

"We are actively investigating rumors of an exploit related to OpenSea smart contracts. It appears to be a phishing attack initiated outside of OpenSea. Do not click on a link outside of opensea.io."

The phishing attack on the site was triggered by the OpenSea initiative, which launched a smart contract on Feb. 18 designed to migrate users' tokens to the new contract and gradually remove inactive users on the platform.


Ethereum will be worth $7,609 in 2022 📡

Ethereum could peak at $7,609 in 2022, according to the latest Finder.com survey of an expert panel of 33 industry experts. That would be a 102% increase in ETH from the levels of the beginning of the year. However, according to the average forecast, the coin will end 2022 around $6,500.

Experts in the fintech, cryptocurrency and NFT segments took part in the survey. For example, Fred Shebesta, founder of Finder, expects ETH to rise to $7,000 and then fall to $6,000 by the end of 2022 amid high competition from other cryptocurrencies. As he explains, despite Ethereum's widespread global popularity and strong developer base, the network is still in a highly competitive environment, which is not at all typical of bitcoin.

Paul Levy of the University of Brighton believes that ETH could reach $9,000 and end this year around $8,000.


OpenSea will delist inactive NFTs on Ethereum 💊

All users of the popular NFT platform OpenSea will need to migrate their existing NFT lists to the new smart

OpenSea, one of the most popular markets for non-transferable tokens (NFTs), has released an update to its smart contract to delist inactive NFTs.

All users of OpenSea's popular NFT platform will need to migrate their existing NFTs to the new smart contract (currently hosted on the Ethereum blockchain) due to the update.

OpenSea issued a statement saying that NFTs issued before Feb. 18 will automatically disappear within a week by Feb. 25:

"This new update will ensure that old inactive lists on Ethereum expire safely and allow us to offer new security features in the future."


Hong Kong creates ETF investing in meta-universe tokens 💎

Hong Kong has taken another step toward embracing the meta-universe. CSOP Asset Management announced the creation of the country's first exchange-traded fund for meta-universe projects, which will be listed on the Hong Kong Stock Exchange on February 21.

CSOP announced it will adopt an active management strategy to achieve its investment goal, investing primarily in publicly listed U.S. meta-universe companies.

The initial investment in the Metaverse Concept ETF has already totaled $9 million. The meta-universe is best interpreted as the next version of the Internet, which is why tech giants are investing huge resources in the industry. Facebook has even changed its name to META, reflecting their commitment to developing the metaclass universe.


Syndicate helped create 450 new DAOs in just three weeks 💎

Blockchain-based investment protocol Syndicate claims that 10% of all existing DAOs were created on its platform in less than three weeks of operation.

Syndicate is a DAO creation platform that has raised investments from A13Z and Coinbase Ventures, among others. The team talked about the development in a Feb. 15 tweet.

Will Papper, co-founder of Syndicate, explained that the project has created 450 investment clubs as DAOs, which is just over 10% of the "best estimate" of the existing 4227 DAOs.

The rapid influx of new organizations into Syndicate indicates that the DAO governance structure has gained popularity since their widespread introduction into the crypto mainstream just a couple of years ago. Currently, the two leading DAOs are BitDAO (BIT) and Uniswap (UNI).


Brazilian Hashdex Launches DeFi ETF on Stock Exchange 📝

Brazilian crypto-asset manager Hashdex launched a DeFi exchange-traded fund (ETF) on Brazil's B3 stock exchange on Thursday, but the ETF only received $10.5 million from investors, about one-tenth of what the company expected to receive, according to a February report.

The Hashdex ETF, which trades under the ticker symbol DEFI11, was expected to raise $96 million, but attracted only 2,200 investors.

Developed in collaboration with global crypto index provider CF Benchmarks, DEFI11 reflects CF DeFi's modified composite index, an index that features Uniswap (UNI), Aave (AAVE), Compound (COMP) and Maker (MKR) tokens and others.

The index also supports the DeFi protocol, including identity verification and scalability solutions such as Polygon (MATIC), Chainlink (LINK) and The Graph (GRT).


DeFi may turn to DAO management 📤

As the DeFi ecosystem continues to suffer from criminal whales, the risks of financial loss in this sector have become increasingly apparent. Because of this, calls for regulation of decentralized finance began in 2021, and the sector began facing enforcement action last year.

KuCoin Labs predicts that as regulators approach DeFi, the industry may turn to DAO governance to reduce regulatory risk.

"If DeFi seeks to mitigate regulatory risk, DeFi's form of governance will gradually become a DAO," KuCoin Labs wrote in its annual report.

According to KuCoin Labs, a DAO that puts community interests first can exercise "true decentralization of governance."


Large-scale Tron hackathon and record Cardano network activity 🤖

Cryptocurrency Tron (TRX) maintained positive momentum over the weekend, despite the fall of most altcoins. Investors picked up TRX ahead of the start of the massive TRON Grand Hackathon 2022.

The developer conference kicks off today and runs through March 7th for new ideas and specific applications related to DeFi, GameFi, NFT or any web 3.0 direction.

Cardano blockchain came out on top in terms of the number of adjusted transactions conducted. This metric from Messari analysts allows only the actual movement of assets on the network to be taken into account, excluding technical flows between wallets of exchanges, etc.

Transaction volumes allow to identify in advance the increased interest of investors and speculators in the cryptocurrency, even before its rate takes off.


Jamaica named CBDC launch date ️↗️

Jamaica plans to launch a digital currency central bank (CBDC) in 2022. This was announced by the country's Prime Minister Andrew Holness.

"The Bank of Jamaica will issue its own digital Jamaican dollar in 2022 after a successful pilot project in 2021," Holness wrote.

He said it will form the basis for a digital payments architecture and will help "increase access to financial services, increase the speed of transactions while lowering the cost of banking services" for citizens.

What is a central bank digital currency (CBDC)?

Recall that in March 2021, the country's Finance Minister Nigel Clark said that the government believes an accelerated transition to a digital society is vital for economic recovery after the pandemic.

In July, the Central Bank of Jamaica announced a pilot deployment of the CBDC system. The first test participant was the National Commercial Bank.


LBank Exchange integrates Chainlink price flows 🧬

According to a press release, Lbank is pleased to announce that LBank Exchange, a world-class digital asset trading platform, has integrated Chainlink price flows. By integrating the industry-leading decentralized oracle network, LBank Exchange will have access to the high-quality, tamper-proof price streams needed to secure perpetual futures trading on the platform. This will give our users greater assurance that LBank's futures contracts use reliable, high-quality market data to determine asset prices.

Chainlink was chosen as the oracle solution because its infrastructure is easy to integrate and time-tested in a production environment.


UK regulator confiscates NFT for the first time 👀

The UK's HM Revenue & Customs has seized £5,000 worth of cryptocurrencies and three non-exchangeable tokens as part of a £1.4 million fraud investigation.

British police arrested three people on suspicion of cryptocurrency fraud. HM Revenue & Customs (HMRC) said the defendants used sophisticated methods in an attempt to conceal their identities. They used false information, stolen identities and unregistered mobile numbers, as well as virtual private networks (VPNs). Using this data, the fraudsters are believed to have registered about 250 fictitious firms with fake accounts to create the appearance of legitimate business activity.

The total damage caused by the fraudsters is estimated at £1.4m.


ETH market share could surpass BTC ❕

Banking giant analyst Danny Galindo noted that ETH is already unlike other cryptocurrency assets, so it can be considered a different investment from bitcoin. It is Ethereum that boasts more economic activity than just a payment option or a means of savings, and here we can add the same sector of NFT and DApps. Ethereum's diverse applications will help it surpass the BTC market:

"Ethereum creates vast markets for decentralized applications, increasing its level of utility, so ETH's market share could surpass BTC."

In addition, the strategist believes that Ethereum integrates with markets from the traditional finance sector and the correlation of ETH with the stock market is almost 2 times higher than BTC.


Intel to launch bitcoin mining "gas pedal" 🚀

Intel said on its website, "it intends to contribute to the development of blockchain technology with a roadmap of energy-efficient gas pedals."

Argo Blockchain, Block (formerly known as Square) and bitcoin mining company GRIID Infrastructure are among the first customers.

He said he will leverage and promote an open and secure blockchain ecosystem, striving for sustainability in the development of his products. The technology will be implemented on a tiny piece of silicon to have minimal impact on the delivery of current products.

Intel also said in January that it would introduce what it called an "ultra-low-voltage, energy-efficient ASIC for bitcoin mining," dubbed the Bonanza Mine.

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