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Crypto trading firm Wintermute has been incubating a new decentralized exchange aggregator

One of the largest trading firms in the decentralized finance market has been quietly incubating a product aimed at the masses.  Wintermute — the crypto firm led by high-speed trading veteran Evgeny Gaevoy — on Thursday unveiled a new decentralized trading platform, dubbed Bebop. It is a unique instance of an institutional market participant gate-crashing the retail trading world, with the product set to go head-to-head with decentralized exchange aggregators like 1inch. Wintermute makes markets on both centralized and decentralized crypto …

Osmosis validator FireStake admits it drained $2 million during Osmosis exploit

Quick Take FireStake is one of the validators of the Osmosis blockchain. Despite this, it admitted to taking advantage of Osmosis’ recent exploit to drain $2 million of funds. After a $5 million exploit on Osmosis on Wednesday, one of its network validators called FireStake came forward to admit that they were responsible for draining $2 million of it. Osmosis is a blockchain that runs a large decentralized exchange (DEX) in the Cosmos ecosystem. The project suffered losses due to …

Digital Currency Group unveils wealth management subsidiary

Digital Currency Group (DCG), a cryptocurrency investment firm founded by Barry Silbert in 2015, has officially launched its long-heralded wealth management subsidiary. Named HQ Digital, it will offer private investments, estate planning, risk mitigation and insurance, among other services, according to its website. It will complement DCG’s existing slate of businesses, which includes asset manager Grayscale, trading business Genesis Global and news site CoinDesk.  “You could think of HQ as a re-envisioned multi-family office, but we prefer to call it …

Optimism exploiter sends 1 million OP tokens to Vitalik Buterin’s wallet

Quick Take The attacker stole 20 million OP tokens from crypto market maker outfit Wintermute. They sent 1 million tokens to Vitalik Buterin’s wallet and delegated the token’s voting rights to Ethereum Foundation security researcher Yoav Weiss. The attacker who sniped 20 million Optimism (OP) tokens meant for crypto market maker Wintermute has sent 1 million of those coins to Ethereum co-founder Vitalik Buterin’s wallet address, according to PeckShield. Data from Etherscan shows the transfer occurred at 12:26 AM UTC …

NFTs represent ‘technological Renaissance’ in art, Binance exec says

Binance’s head of non-fungible tokens (NFT) and fan tokens, Helen Hai, said today that the exchange is looking to offer courses to empower women to make money from NFTs. In an on-stage conversation at the Money 20/20 conference in Amsterdam, Hai spoke about the benefits of blockchain for removing intermediaries in the art world and beyond. She said that the ultimate goal for NFTs is a “technological Renaissance” in art. She said that the answer to the question of whether …

Yuga Labs wants ApeCoin on its own blockchain. ApeCoin owners think otherwise

The Bored Ape community has voted to keep building within the Ethereum ecosystem, rather than move the ApeCoin token its own blockchain as creator Yuga Labs had suggested. According to a snapshot vote that ended today, the ApeCoin governance mechanism — known as the ApeCoin DAO — voted 53.6% in favor of staying within the Ethereum ecosystem. The vote was close, with 3.8 million APE voting for the proposal and 3.3 million APE voting against it. “Migrating to a different …

Tether’s USDT stablecoin launching on Tezos

Tether announced today that it is launching its USDT stablecoin on the Tezos blockchain, just days after it expanded to Polygon. Tether has been enlarging its network reach amid heavy redemptions of USDT in recent weeks. Over the past month, USDT’s supply has declined by 6 billion, according to The Block’s Data Dashboard.  Tezos is the 12th blockchain on which USDT will be available, after Ethereum, Solana, Avalanche, Polygon, Algorand, Tron, Omni, EOS, Liquid Network, Kusama and Bitcoin Cash’s Standard …

OpenSea pledges to take action on scams and intellectual property infringement

OpenSea’s co-founder and CEO Derin Finzer said the non-fungible token (NFT) marketplace would redouble its efforts to curb fraud and plagiarism on the platform.  In a blog post on Wednesday, Finzer wrote that although fraud, intellectual property (IP) theft and plagiarism are prohibited under OpenSea’s terms, “at our scale, comprehensive policies aren’t enough.” Up to now, the platform has built systems to try to combat the bulk of banned activities, with a new verification system, an image scanning “copymint prevention …

Vietnamese GameFi startup Ancient8 gets $6 million in tightening VC market

A Vietnam-based blockchain gaming guild named Ancient8 has secured another capital injection, despite growing caution among venture capital firms that saw at least one prior investor decline to participate. Ancient8 has raised $6 million in a private token sale led by Makers Fund and C² Ventures, according to a statement on Thursday. New and existing backers including Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital and Play Ventures also participated. The company didn’t …

Balderton, Animoca Brands back Request Finance in $5.5 million round

Crypto payments startup Request Finance has won the backing of venture capital firm Balderton Capital and gaming firm Animoca Brands in a $5.5 million seed round.  The startup, which simplifies and automates invoicing, expenses and payroll for both centralized and decentralized companies, also attracted investor interest from VC XAnge and angel investors, such as Aave founder Stani Kulechov and Sebastian Borget, co-founder of The Sandbox. Founder and CEO Christophe Lassuyt said that Request Finance sees itself as a “web3 Bill.com” …