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Messages - Pagla

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91
Banksy’s Wharf Rat was discovered for the first time in 2010 on San Francisco’s Pier 39 on Fisherman’s Wharf. The art piece features a rat digging its way out of the tunnel, painted on a metal door, right next to the Alcatraz Boat Tour station. However, the City of San Francisco Department of Public Works painted over the door, and everyone thought the street art had been destroyed.

It has been 11 years since everyone thought Banksy’s Wharf Rat masterpiece was lost or destroyed, until today. The art piece has been found by a Banksy fan and was sent to specialized restoration facilities, according to the official website of the NFT team who’s listing this art piece.

Under the observation of a  professional within the American Society of Appraisal, Banksy’s Wharf Rat is worth more than $700,000.

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92
XLD Finance has launched its first project, xSpend, which allows users to pay for needs and utilities using GameFi tokens or stablecoins right away.

Users with mobile phones in Bangladesh, India, Indonesia, Malaysia, and the Philippines can now purchase transferable prepaid credits over the platform using GameFi tokens and stablecoins. Users can also pay for goods and services through billers in the Philippines, a function that will be available globally by 2022.

xSpend will be Available to Users in Bangladesh, India, Indonesia, Malaysia, and the Philippines.
Web 3.0 wallets like Metamask and Ronin are natively connected with xSpend. Users only need to link their crypto wallet, select the token they wish to spend, choose the biller for the transaction, and enter their account information. Users can pay over 350 firms using USDT, USDC, DAI, and SLP, including Globe (Philippines), PLDT (Philippines), Airtel (Bangladesh and India), Indosat (Indonesia), and AirAsia (Thailand) (Philippines).

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93
NFTs & Collectibles / 4 Reasons Why Museums Aren’t Cashing in on NFTs yet
« on: December 12, 2021, 02:39:59 PM »
Brian Mittendorf, Fisher Designated Professor of Accounting, The Ohio State University, and Sean Stein Smith, Assistant Professor of Economics and Business, Lehman College, CUNY.

______

The eye-popping sale price of USD 69m on March 11, 2021, for a non-fungible token (NFT) created by the digital artist Beeple sent shock waves through the art world. More multimillion-dollar sales of these digital assets that exist on a blockchain and are maintained on networked computers soon followed.

At the same time, art museums have faced substantial financial shortfalls accelerated by a decline in visitors and donations induced by the COVID-19 pandemic. Many have considered taking drastic measures, such as selling treasured artworks, to plug budget gaps.

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94
Writing a book on decentralized finance is a bit like describing a riddle, wrapped in a mystery inside an enigma, to borrow from Winston Churchill. First, one must summarize the origins of modern decentralized finance, then the mechanics of the blockchain technology that provides the sector’s backbone, and only then do you arrive at DeFi’s infrastructure. It all should be done in 191 pages, too, including glossary, notes and index. It is not an undertaking for the faint of heart.

Fortunately, the authors of DeFi and the Future of Finance — Duke University finance professor Campbell Harvey, Dragonfly Capital general partner Ashwin Ramachandran, and Fei Labs founder Joey Santoro — were up to the task. After recapitulating the “five flaws of traditional finance” — inefficiency, limited access, opacity, centralized control and lack of interoperability — they go on to explain how DeFi improves upon the status quo.

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95
Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology.

Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish a new high at $5.70 on Dec. 6 as its 24-hour trading volume surged from an average of $3.6 million to $24.3 million.


DFI/USDT 4-hour chart. Source: TradingView
Three reasons for the price breakout for DFI include the launch of decentralized assets on the DFI mainnet, a surge in transactions and users on the network and an increase in the total value locked on the protocol.

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96
NFTs & Collectibles / Top 5 NFTs to Look Out for in 2022
« on: December 08, 2021, 03:03:47 PM »
Gamification within the cryptocurrency and blockchain industries is a popular strategy to make the concepts more palatable for those unfamiliar with both technologies. 
The traditional gaming industry is well versed at retaining and engaging gamers, and a wide range of industries are now embracing gamification to attract more users and boost marketing efforts.

NFT and blockchain-based games have ushered in the ability for players to cash in via the play-to-earn model, and even generate additional passive income by holding NFTs. Mooning Monkey is one platform where users can both win big and accrue passive income through NFT ownership within a unique and dynamic ecosystem.

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97
DeFi tokens / Is decentralization in the DeFi just an hallucination?
« on: December 08, 2021, 03:00:04 PM »
DeFi or the decentralized finance industry has the potential to disrupt mainstream banks, as per experts. But the Bank for International Settlement (BIS) have deemed that the industry has a centralization issue and lawmakers should use that to regulate the sector. In a recent published quarterly review the bank highlighted the first of its five special features to discuss the decentralized and implications for financial stability. According to the report, the decentralized industry seeks to enhance the efficiency of financial transactions with automated contracts developed on blockchains. Notably, BIS revealed that there is a way from which lawmakers can enter in the industry.

DeFi requires centralized governance
According to the report of BIS, the DeFi industry has an unpreventable requirement for a centralized governance. According to Hyon Song Shin, BIS’ head of research, there is a limit to how far someone can run an entire financial system that is based on automated transactions. Hence, there would be events where the decentralized projects would need reorganization or judgment.

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98
Less than a year after its main net launch, NFT protocol Charged Particles is on track to check every item on its rather ambitious roadmap. Created to enable people to “do more with their NFTs,” the protocol has already begun pushing the boundaries of what an NFT can do.

While not a new concept to those invested in the crypto industry, NFTs have only recently begun gaining traction in mainstream media. With news of pixelated JPEGs selling for tens of millions of dollars, the public has built a rather one-dimensional idea of what NFTs are.

Charged Particles, on the other hand, is everything but one-dimensional. Founded by two industry veterans, Ben Lakhoff and Rob Secord, it offers truly unique, fully programmable NFTs. While at its core still standard non-custodial ERC-721 tokens, NFTs issued through Charged Particles offer much more than just proof of ownership—they can represent a basked of other token holdings with fully configurable settings.

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99
DeFi tokens / LaCucina to Launch its DeFi Engagement Platform on BSC
« on: December 07, 2021, 08:35:17 AM »
LaCucina, a DeFi engagement layer platform, is preparing to launch on the Binance Smart Chain (BSC). They will be the pioneering team on the blockchain to offer the general public a way to get more excited about DeFi.

With its state-of-the-art, engagement-enhancing program, LaCucina will open the doors to different opportunities for users who use selected decentralized exchanges (DEX). As part of the launch, the platform will offer perks to users who give liquidity to select liquidity pools on SushiSwap, PancakeSwap, and Uniswap in the summer of 2021.

In addition, users do not need to pull their tokens out of the DEXs or make additional staking to claim their rewards. With LaCucina’s Cooking Plans, small users can punch above their weight with timely and committed engagement.

The majority of farms and DEXs offer profitable opportunities that give high-percentage yields, but they are designed in favor of crypto whales. This means the rich will get richer, while those holding less will see slow-paced growth.

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100
NFTs & Collectibles / The Problem with NFTs
« on: December 03, 2021, 06:53:36 PM »
Taking a look in my crystal ball, I would hazard to speculate that NFTs are here to stay. They will be an integral part of Web3 and the overall movement towards online decentralization. In the future, they will still be used for art and design, but will also enable the ownership of other kinds of digital property and will be linked to physical assets too.

This is all good, but there are some problems for NFTs to overcome.

A Certain Type of Over-Saturation
This relates directly to art and design NFTs. The kinds of tokens that are famous right now, featuring a lot of pixel art, and 10,000 piece collections of animals all looking in the same direction but with different hats on.

It is not simply that there are too many of these collections. After all, nobody who is interested in painting complains that there are too many paintings and that what the art world really needs is fewer people producing art because most of it is awful.

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101
El Salvador’s bitcoin adoption caused a big stir in the world. It was almost a myth until the coin was signed into law as a means of payment. Then, the simple announcement alone shook the world, and the final launch became a hot topic.

To say that many people and organizations came for Nayib is an understatement. The country’s president received many insults, but he kept pushing until he achieved the goal.

Amongst the ones who voiced their concerns loudly is the Bank of England (BOE). Ignoring the praiseworthy things about blockchain, such as the technology’s stealthy security, the Bank of England has been skeptical about the whole idea of bitcoin, its growth, or its popularity. So, El Salvador’s President Nayib Bukele worsened its negative position. Andrew Bailey of BOE, a BTC critic, appears to be more vocal than others.

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102
Upcoming NFT based mobile role-playing game Guild of Guardians has sold out two tranches of its native token (GEMS) totaling $5.3 million.

The token sale, held on Coinlist on Nov. 30 was oversubscribed 82 times, with around 808,000 users registering. More than 10,700 new GEM holders from over 100 countries purchased a maximum of $500 worth of tokens. However users from Australian, the U.S.,Canada and China were prohibited from purchasing tokens amid mounting regulatory concerns.

GOG allocated 6% of the total 1 billion total tokens to the CoinList sale, while 63% of the supply will be distributed via community-driven events, activities, and core gameplay.

The play-to-earn game’s soft launch is planned for Q1 2022, with 400,000 users already pre-registered.

The game comes from Ukrainian developer Stepico games in partnership with Australian-based NFT layer 2 scaling solution Immutable X. Immutable X is the first layer 2 scaling solution for NFTs on Ethereum, and is backed by Galaxy Digital and Coinbase.

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103
The decentralized Loopring exchange is one of several layer two (L2) networks that have seen a surge in adoption as Ethereum transaction fees march ever higher.

Loopring is a layer two DEX that uses zero-knowledge rollups to scale Ethereum transactions. With gas prices at painful levels, it has seen a surge in usage over the past few months. Loopring claims to be able to settle up to 2,025 trades per second with an average transaction cost of 0.15-0.30% of that on Ethereum L1.

Chinese media outlet Wu Blockchain has observed the big uptick in Loopring adoption, commenting:

The cumulative trading volume recently exceeded $3 billion. The price of LRC has risen 10x the highest since October.

Citing a chart from Delphi Digital, Wu added that trading activities and volumes on the DEX have surged since October.

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104
Fellow Binancians,
We’re excited to announce that Binance Liquid Swap has added support for MANA and GALA, and opened 4 new liquidity pools.
MANA/USDT
MANA/BTC
GALA/USDT
GALA/BNB
Notes:
Adding funds to a liquidity pool carries certain risks. The token distribution returned to you upon removal may differ from your initial input.
When adding funds to or removing funds from a liquidity pool, some transaction fees may be incurred. For further details, please refer to the guides below.
Guides and Related Materials:
How to Farm Yields in Liquid Swap
About Binance Liquid Swap
Binance Liquid Swap User Agreement
How to Use Binance Liquid Swap - Liquidity
How to Use Binance Liquid Swap - Swap
How to Check Share and History of Binance Liquid Swap
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

Source

105
Chinese cybersecurity giant Qihoo 360 said in a WeChat post on Tuesday that it has built a system to monitor crypto mining operations, which will assist the government’s crackdown on the industry.

The monitoring system is aimed at government agencies and companies that want to comply with China’s latest crackdown on crypto mining. The software can provide miners’ IP address, geographical location, network type, connection frequency, and suggest methods of how to dispose of them, Qihoo 360 said.
Last week, Chinese users could not connect to some of the world’s largest mining pools due to DNS poisoning. This type of attack means that the pool’s domain names (eg. CoinDesk.com) were directed away from their actual IP addresses, where their servers are.
Qihoo 360 found that 109,000 mining IP addresses were active daily on average in November, mostly in the provinces of Guangdong, Jiangsu, Zhejiang, and Shandong, the company said. Miners mainly use home broadband, enterprise-dedicated internet connections, and data centers, Qihoo 360 said.
The software uses the company’s proprietary network traffic monitoring capabilities, big data analysis, and active defense mechanisms.

Source

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