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🚀Choosing between iPhone or iPad? How about crypto?
🚀Choosing between iPhone or iPad? How about crypto?
Happy Monday, Geckos! Over the weekend, a report by Dune Analytics claimed that the decentralized finance space (DeFi) now had over 1 million active Ethereum addresses. The figure represents a tenfold increase in addresses since a year ago, when DeFi only had roughly 91,000 unique addresses. Brian Flynn, co-founder of startup Rabbithole however is cautious, suggesting that the actual number of participants may be lower, in the 10-15% range. He notes that many DeFi users commonly make use of multiple addresses to boost their privacy when executing transactions on Ethereum's (ETH) public network. In today's news, we're talking about Wozniak's new coin, India's Bitcoin Tax plans, and yet another phishing attempt on unsuspecting MetaMask users. Read on! | | |
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| | | Bitcoin — it's a genuine asset class. And if you're looking to get into the crypto game, this is where to start. eToro is new to the US but not to the world. With over 13M users worldwide, they provide some of the most essential trading tools available — like CopyTrader™, where you can automatically mimic the moves of top-performing traders on the platform.
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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. | | Wozniak's Wonder Coin Malta-based Efforce, Steve Wozniak's environmental crypto-investment platform, has launched a cryptocurrency named the WOZX token. First launched on HBTC exchange and soon expected to make an appearance on Bithumb Global, WOZX will have a capped supply of 1 billion tokens. The token aims to 'incentivize users to fund energy efficient projects with the promise of "tokenized future savings'". DeCrypt | | Indian Tax Authorities Gear Up After overturning a crypto ban earlier this year, India seeks to impose taxes on investors who are making money from the on-going Bitcoin (BTC) rally. Amit Maheshwari, a partner at AMK Global, expects authorities to classify Bitcoin trading as a speculative business and infrequent transactions as capital gains. Experts are anticipating a 30% tax on cryptocurrency gains, with many advising their clients to file bitcoin returns as capital gains.
CoinDesk | | MetaMask Users Baited!
A MetaMask phishing scam, promoted on Google search ads, has made off with tens of thousands of dollars worth of users' crypto. The scammers targeted users who searched for the MetaMask extension on Google, redirecting them to its fraudulent domains via its search ads. Blockchain forensics company CipherTrace identified four domains for the scam, with some still being actively promoted. BleepingComputer |
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| | Gitcoin is raising $1 million in funding for open source. This enables developers to fund their projects and work for the open internet! Be a part of this historic event by creating a grant, funding a grant, donating to the matching pool, or joining the hackathon. Check out the action here | | | Bear MarketContrary to bull market, it indicates the direction of the market going for downward trend. It is called "bear" market because as bear attacks, it motions its paws downward - describing the movement of the market. Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here | | S&P vs Real CryptoS&P Dow Jones Indices - Which operates the Dow Jones Industrial Average (DJIA), has said on Thursday (December 3rd, 2020) that they are planning to launch a cryptocurrency index based on a basket of "more than 550 of the top traded coins".
With this index, some mainstream financial players have indicated that they are finally comfortable enough to dabble in crypto by purchasing the index. This is obviously good news for crypto awareness.
But as they said, "Not your keys, not your coins". Owning a share in an index is not quite the same as owning the actual cryptocurrency itself. Would you consider getting yourselves a "Dow Jones Crypto Average"?
Share us your thoughts! | | | |
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