🇺🇦 NFT Artist Leads Convoy To Rescue 70 Refugees From War-Torn Ukraine
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War in Ukraine
Last Monday, the Spanish artist Aldo Comas, better known as “CryptofuxkBoy” on OpenSea, sat down for some eggs with his wife, read the paper and started his car. He returned five days later with almost 70 refugees from the war in Ukraine.
“All the people we brought back to Spain now have families, they now have papers and some are working. It’s changed their life,” he says in an interview from his studio in northern Spain.
What had started as a small fundraiser on Facebook quickly spiraled into a 20-vehicle convoy, which drove from the village of Capmany in the north of Spain to Red Cross refugee camps in Poland, loaded with around $40,000 worth of materials.
Comas’s convoy is the latest example of how crypto is helping activists and volunteers in the war effort. While sanctions prevent the free flow of money, crypto can reach anyone, anywhere anytime – and can draw on a wide pool of recently-minted investors.
S#*tcoin Trader Sues Uniswap
By Samuel Haig
Two US law firms have invited anyone who lost money on Uniswap since last April to join a class action suit against the exchange’s developers and investors for failing to crack down on “rampant fraud”.
On April 4, Nessa Risley of North Carolina filed a lawsuit alleging that the decentralized exchange’s lack of identity checks and securities restrictions lets fraudsters list “thousands of scam tokens” associated with rug pulls, pump and dumps, and Ponzi schemes on the platform.
More than that, the lawsuit, filed by US firms Barton LLP and Kim & Serritella LLP, alleged that Uniswap’s fee structure encourages fraud by paying liquidity providers guaranteed fees for every trade. Meanwhile investors, it says, “were left to fend for themselves.”
The lawsuit marches straight past Uniswap’s claims of decentralization. The Uniswap protocol comprises permissionless smart contracts that anyone can interact with, meaning that Uniswap can’t restrict who can or can’t use the protocol, or which tokens users trade on its exchange.
Meta Floats Massive Fee for Metaverse Sales
By Owen Fernau
The company formerly known as Facebook continues to make moves towards its version of the metaverse. And the crypto community remains skeptical.
A Reuters article reported that the recently renamed Meta will be taking a 47.5% cut from sales of digital assets. This is through a combination of a 30% fee on the Meta Quest Store, where users buy games and apps for the Oculus Quest headset, and a 17.5% fee from Horizon Worlds, Meta’s metaverse platform.
The announcement took a beating from the crypto community. Peter Smith, CEO and co-founder of blockchain.com, thinks Meta may not have the leverage it thinks it does in terms of attracting makers of digital assets — “I don’t think Meta gets how much power creators will have in the Metaverse…” Smith tweeted the day after the fee was announced.
Swap Tokens From Any Web3 Dapp
By Samuel Haig
On April 14, Uniswap launched Swap Widget, allowing developers to integrate access to the exchange “with just one line of code.”
Swap Widget leverages Uniswap’s Auto Router to source the best pricing across the exchange’s v2 and v3 pools. It is also available on Uniswap’s Layer 2 deployments, allowing developers building on Optimism, Arbitrum, and Polygon to integrate the widget to facilitate low-fee swaps.
Dapps that embed the widget can choose to receive a commission on trades executed through their platform.
“Embedding a customized Uniswap trading experience into any UI in a single line of code has been a dream of mine for over 3 years now,” Uniswap creator, Hayden Adams, tweeted.
The widget has already been integrated on several leading web3 dapps on the Ethereum mainnet, including Oasis.app, OpenSea, and Friends With Benefits.
By Arya Ghobadi
Binance is the largest centralized exchange in the crypto sphere. It allows us to transact cryptocurrencies, but also deal with derivatives, futures, margin trading, and many more. Binance has services for users to earn interest or transact using cryptocurrencies. It also offers programs for miners and traders to make investment decisions.
In this tutorial, we will show you how to transfer assets between Binance and MetaMask.
MetaMask is a non-custodial crypto wallet that enables you to manage your crypto assets on multiple blockchains, such as Ethereum, Binance Smart Chain, Polygon, and more.
Sperax USD is a rapidly growing stablecoin protocol that automates yield-generating strategies. The ecosystem is built on $USDs: the stablecoin that sends passive income to holders.
$USDs stays in your non-custodial wallet while collecting additional $USDs organically through Auto-Yield, targeting 11% APY.
Sperax provides additional ways to earn passive income using $USDs through their dapp, where you can stake to earn the protocol’s native token, $SPA, and other cryptos.
The decentralized protocol runs completely on-chain and is powered by the Arbitrum L2 blockchain. This guarantees the security of Ethereum, but users enjoy 10x+ cheaper gas fees.
Thanks to Sperax USD, any crypto user can harness the power of decentralized finance. It pays to hold $USDs.
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The U.S. Treasury Department added an Ethereum address linked to the recent hack of a crypto platform affiliated with play-to-earn game Axie Infinity to the North Korean sanctions list on Thursday. On March 29, Sky Mavis, which operates Axie Infinity, announced that its Ronin Network "bridge" was hacked for $624 million in Ethereum and USDC tokens.
Amazon CEO Andy Jassy told CNBC on Thursday he doesn’t own any bitcoin or nonfungible tokens, but that he’s optimistic about the future of cryptocurrencies and NFTs. “I don’t have bitcoin myself,” Jassy told CNBC’s Andrew Ross Sorkin in a “Squawk Box” interview. “We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger.”
A lawsuit filed Thursday in the U.S. District Court for Connecticut alleges that co-founders of the OlympusDAO decentralized finance (DeFi) project cheated an early funder out of nearly 4 million in OHM tokens, which are now worth at least $20 million. In what may be an unprecedented case testing the limits of pseudonymity in decentralized autonomous organizations (DAOs), the lawsuit names a Connecticut resident as the supposed identity behind “Apollo,” one of Olympus’s pseudonymous co-founders.
Terraform Labs has gifted 10 million LUNA ($880 million) to the Luna Foundation Guard to help boost the stability of the stablecoin UST. The funding will likely go toward the foundation’s goal of acquiring additional collateral — so far in the form of bitcoin (BTC) and avalanche (AVAX) — to underpin UST.
The Ethereum Push Notification Service (EPNS)—a decentralized protocol for notifications on mobile platforms such as iOS and Android and web browsers like Chrome and Firefox—has raised $10.1 million in a Series A funding round led by Jump Crypto. Other investors participating in EPNS’s latest funding round include Tiger Global, ParaFi, Polygon Studios, Harmony Foundation, Wave Capital, and angel investors such as 1inch Exchange co-founder Anton Bukov.
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How Blockchain Bridges Became Hackers’ Prime Targets The crypto industry has evolved into an ecosystem interconnecting several Layer-1(L1) blockchains and Layer-2(L2) scaling solutions with unique capabilities and trade-offs. Networks like Fantom, Terra, or Avalanche have become rich in DeFi activity, while play-to-earn dapps like Axie Infinity and DeFi Kingdoms sustain entire ecosystems like Ronin and Harmony.
Traders Move ETH out of Centralized Exchanges and into DeFi Traders are pulling their Ether from centralized exchanges and locking them into DeFi smart contracts, suggesting that traders believe that markets may still climb higher. Data from Glassnode shows that the number of ETH stored on exchanges is at its lowest level since August 2018, with 20.6M Ether, or 17.1% of Ethereum’s supply, locked on centralized trading venues. On a percentage basis, Ethereum’s centralized exchange balance is at its lowest level since July 2016 — when ETH traded for just $10.
Wikipedia Community Pushes Back Against Crypto Donations The Wikipedia community doesn’t want your crypto donations. In a poll between Jan. 10 and Apr. 12, 232 users, or 71% of voters, asked the Wikimedia Foundation to stop accepting cryptocurrency donations.
The Wikimedia Foundation said it will discuss the proposal internally and provide an update by the end of the month.
🧑💻 ✍️ Stories in The Defiant are written by Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.
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