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We are happy to host your press release or to discuss with you on how we can help you create a customized one of your own. Please contact us at contact@boxmining.com for more details.
The Federal Reserve’s December meeting minutes revealed the central bank’s plans to continue raising the federal funds rate to control rising inflation. This could potentially impact the crypto market as economic activity is further tightened, signalling consumers and investors to save money and mitigate risk. Shortly after the news, the price of Bitcoin and Ethereum had dropped momentarily before bouncing back to the $16800 and $1250 range respectively.
Key Takeaways:
Feds opted to raise interest rates by 50 basis points, putting the target range for federal funds rate to 4.25%-4.5%.
The new restrictive policy in place will fight inflation, but it also tightens economic activity including investments in the crypto market.
The price of Bitcoin and Ethereum dropped 1% after the Federal Reserve’s December meeting minutes were released.
The Fed’s minutes noted the collapse of digital asset exchange FTX, but said it didn’t have a serious effect on the wider financial system.
Fed Signals Hawkish Interest Hikes in 2023
The Federal Open Market Committee (FOMC) and Federal Reserve officials concluded its December 13-14 meeting, publishing new projections for expected inflation in 2023 which is higher than previously anticipated. Against the macro backdrop, Fed officials agreed to raise interest rates by 50 basis points, putting the target range for the federal funds rate to 4.25%-4.5%.
Higher interest rates mean higher borrowing costs, which in turn affects consumer spending and investments in speculative markets including the stock market and crypto market. The news of the Fed’s plans to continue raising interest rates has caused investors to be cautious, as they are wary of its potential impact on the crypto market. Occasions such as this would prompt traders and investors to sell U.S. equities as well as Bitcoin and other digital assets to mitigate risk.
This caused the price of Bitcoin to dip nearly 1%. Ethereum, the second largest digital asset by market cap, also dropped by 1%. According to Cryptowatch, the correlation between Bitcoin and Ethereum sits strong at 0.82. Therefore, it is expected that Ethereum will mirror Bitcoin’s price movement.
Despite the dip, Bitcoin is still up 0.4% in the past 24 hours and 1.2% in the past week. Ethereum is down 0.1% at the time of writing but has seen 5.1% gains in the past week.
Fed officials also noted the collapse of FTX, acknowledging its impact on the crypto ecosystem. However, they claimed that the situation did not have a serious effect on the wider financial system. The meeting summary stated, “while the spillovers from this situation had been significant among other crypto lenders and exchanges, the collapse was not seen as posing broader market risks to the financial system. (Valium) ”
5 October 2020, Hong Kong – Genesis Block is excited to announce the appointment of our Strategic Advisor, Michael Gu of Boxmining. He is one of the leading experts in the cryptocurrency and blockchain space. His Boxmining website and YouTube channel provides the latest insights and resources on digital assets, decentralized finance and blockchain technology, as well as educational resources suitable for complete beginners to seasoned enthusiasts. The YouTube platform alone has grown into a leading resource with over 216,000 subscribers and 21 million views. In addition to that, the website, Boxmining.com, Twitter pages and discussion groups makes Boxmining the leading one-stop ecosystem for anyone interested in learning more about crypto and staying ahead with the latest trends.
We will be collaborating with Boxmining to create content and exchange information on the crypto industry and digital assets. Our collaboration is one step further in building a bigger and better crypto community in Hong Kong. You can keep up with our updates by following our social media channels.
About Boxmining
Boxmining was founded by Michael Gu and started on YouTube as a passion project, and has now grown to be a top informational resource in the realm of cryptocurrency and blockchain technology. The creation of Boxmining was to bring unbiased and accurate information to the community as Michael noticed such information is hard to come by. What also makes Boxmining so unique is that it is able to close the knowledge gap between China and the West, bringing you the full global image of the crypto space.
The founder, Michael, has been involved in the digital asset and blockchain space since 2012, and he started his journey with Bitcoin mining in grad school. Over the years, Michael garnered tremendous experience and through his hard work and dedication to the industry. He has developed a solid reputation as an analyst in this space and has been featured in various international media, such as Forbes, Cointelegraph, TechBullion, Disrupt Magazine and on China’s Phoenix TV. But his ambition was by no means satisfied, he wanted to share his crypto journey and insights, hoping to bring more attention to this space. Hence he created a YouTube channel called, Boxmining.
Boxmining YouTube posts videos covering topics on the latest cryptocurrency trends, interesting projects, collaborations with other crypto leaders, and educational guides. It goes live every Monday and Friday at 3:00 am (UTC), with other content during the week as well.
Boxmining.com is a complement to the Boxmining YouTube channel. It gives Michael the platform to cover wider topics with more detail. It is suitable for crypto enthusiasts to consume more in-depth insights and reviews on cryptocurrency, trends, products etc. and even those who are newer looking for guidance on how to get started. The website relies on Michael and his team of talented contributors to provide the latest breaking news and insights.
Besides the Boxmining website, YouTube channel, you can also follow them on their Facebook, Twitter and Instagram to keep up with the latest updates. Michael also firmly believes in the power of community building, and his Telegram and Discord channels are a global place where he and other cryptocurrency enthusiasts can share and grow their knowledge together.
About Genesis Block
Genesis Block is a premier OTC trading center for digital assets. Our head office’s location is in Hong Kong, the financial hub of Asia. The company is backed up by a team of financial professionals and industry leaders with notable experience. The company provides services to clients globally and continues to grow rapidly around the globe, with the vision to make digital assets more accessible to all. Genesis Block also operates the largest digital asset ATM machines in Asia through the company’s subsidiary, CoinHere. With over 40 commercial-scale crypto farms in the Asia-Pacific region, the company is a pioneer in the crypto space and hopes to one day bring mainstream adoption to cryptocurrencies.
We believe transparency and honesty are pivotal to sustaining our clients’ successes. So we will always be upfront and truthful regarding the information we provide and our service fees to you. Above all else we are trusted because of our emphasis on safety and the privacy we provide our clients and their data.
Building a strong crypto community is one of our focuses. Here at Genesis Block, we believe people can make great success in the crypto space if they are surrounded by like-minded people and immense resources. We built our communities to share the most up-to-date information on various social media platforms including Facebook, YouTube, Instagram, Twitter, LinkedIn, Telegram, and WeChat.
As the crypto industry is very young and unknown by the public in Hong Kong, we are endeavoring to help the public to understand more about cryptocurrency, and therefore we created the Crypto Classroom. It is a digital learning hub that provides mostly beginner level content that covers bitcoin and blockchain foundations and more. Crypto Classroom contents can be found on the Genesis Block website, Facebook page, and both of our YouTube channels which are catered for our Cantonese and English audience. We also create a Trader Insight series every week on our Cantonese YouTube channel for our advanced crypto enthusiasts.
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
All of the biggest names in the crypto industry are gathered in Singapore for the Asia Crypto Week and TOKEN2049 Event in Singapore today! Boxmining is here today to witness the biggest web3 event in history, where blockchain innovators, major investors, and the crypto community discuss and decide the future of crypto.
Asia Crypto Week is Asia’s largest web3 event, involving a series of conferences, exhibitions, workshops, and meetups with some of the biggest names in the crypto industry. This week-long event offers the best networking opportunities for crypto investors and developers alike.
The last Asia Crypto Week event took place in March 2019 in Hong Kong. This year features a week of various independently organized side events around TOKEN2049, running from 26 September to 2 October 2022 in Singapore. TOKEN2049 Singapore is the main event of this year’s Asia Crypto Week.
What is TOKEN2049?
TOKEN2049 is the premier crypto event in the world, organized annually in Singapore and London, where founders and executives of the leading web3 companies share their insight on the market as well as crypto regulation and the institutional landscape.
Today marks the debut of TOKEN2049 Singapore, which will take place for two days (28 September to 29 September 2022) in the Marina Bay Sands. It brings together all of the largest web3 names, FinTech corporations, uniting entrepreneurs, investors, developers, industry insiders and global media. TOKEN2049 announced a record-breaking 7000+ attendees, 2,000+ global companies, 250+ exhibitors, and 200+ speakers for its Singapore debut, making it the industry’s most well-attended event in years.
TOKEN2049 Singapore has an impressive all-star lineup of speakers including Galaxy Digital CEO Mike Novogratz, Pantera Capital CEO Dan Morehead, Axie Infinity co-founder and COO Aleksander Leonard Larsen, and even Hanson Robotics social humanoid robot Sophia A.I. With in-depth presentations and panel discussions, these key decision-makers and thought leaders will chart the latest milestones in digital assets and define what is next in the crypto space.
TOKEN2049 Singapore will also be showcasing a grand NFT exhibition with immersive experience, titled the Op3n Whale NFT Exhibition. Developed by Op3n and Whale, two of the most popular NFT platforms, the NFT collection is reported to have a market value exceeding $100 million. This will be the first time such a collection owned by a single entity has ever been on display to the public.
Zenlink is pleased to announce that the Zenlink Hybrid AMM will be live on the Moonriver network on May 31 at 10 am (UTC) and live on the Moonbeam network on June 1 at 10 am (UTC), with Stable Farm on both networks launching at the same time!
The Zenlink Hybrid AMM smart contract has passed PeckShield’s security audit. The full audit report is available here.
Stable Pool Info
The launch of Zenlink Hybrid AMM means that Stable AMM will be available and the first 4pool standard curve on Dotsama will be live. Details are as follows:
Swap Fee: There is a 0.05% fee on each transaction using the Stable AMM. 50% of the collected fees go to the liquidity provider, 30% is used to buyback ZLK, and the remaining 20% goes to the treasury.
Amplification Coefficient: Higher values widen the range of low-slippage fees, while lower values help keep the pool’s composition balanced.
Flashloan: Zenlink Stable AMM will support the flashloan feature.
Stable Farms
To help Stable AMM build more liquidity while providing users with stable DeFi gains, Stable Farms will also be launched, with 4pool being activated first (more pools will be added later). This will need to be elaborated separately for both networks:
The 4pool on Moonriver is a new curve pool consisting of USDT+USDC+xcAUSD+FRAX (USDT, USDC bridged by Multichain)
The 4pool on Moonbeam is a new curve pool consisting of madUSDT+madUSDC+xcAUSD+FRAX.
Users on both networks are allowed to provide liquidity to the pool with any combination of the above 4 stablecoins to obtain 4pool LP tokens, which will be staked to the farming pool for earnings.
Here is a list of all the stablecoins involved in 4pool:
Acala USD (aUSD/xcAUSD);
FRAX;
mad stablecoins (madUSDT/madUSDC); and
any stablecoins (anyUSDT/anyUSDC).
Doing Swaps using the Hybrid AMM
With the introduction of Hybrid AMM, each transaction will automatically connect Standard AMM and Stable AMM via Zenlink Smart Order Routing to select the best trade path for the user, who will be able to view the trade path at the bottom of the trading window.
In general, transactions will be divided into the following three categories according to the optimal trading path:
Transactions routed through Standard AMM and Stable AMM;
transactions conducted through Standard AMM only; and
transactions conducted through Stable AMM only.
Adjustment of Farming Pools on Zenlink
Finally, in order to maximize the utility of Hybrid AMM and aggregate liquidity, the Zenlink team will also gradually tweak and optimize the farming pools across the platform, as detailed in the following chart.
Zenlink’s adjustment of farming pools (Image credit: Zenlink)
A tutorial on how to access the protocol updates and enter into stable farms can be found here.
Starly ($STARLY) will be launching on KuCoin with STARLY/USDT trading pair. Details are as follows:
Deposits open from 16 February 2022 (Supported Network: BEP20)
Trading: 10:00 on 17 February 2022 (UTC)
Withdrawals: 10:00 on 20 February 2022 (UTC)
The total supply of STARLY will be 100,000,000 with a market cap of US$4,756,784.
The circulating supply will be 5,945,980 STARLY at US$0.8.
Starly token staking: How to guide
Staking your STARLY tokens helps support the development of Starly, in return, token stakers can receive rewards. Staking Starly requires 2 simple steps:
Add STARLY tokens to your wallet; and
Stake STARLY
How to add STARLY tokens to your wallet
To add STARLY onto your wallet, you must be on the Flow blockchain. For those who participated in Starly’s Blocto IDO, your tokens are already on Flow.
On the other hand, if your STARLY is on Binance Smart Chain (BSC), you will need to use the Blocto teleport to bridge your STARLY from BSC to Flow by connecting your wallets. On the Blocto teleport:
Select the STARLY token;
select BSC blockchain in the “from” field;
select Flow blockchain in the “to” field; and
select “connect BSC”.
How to stake STARLY tokens
On the Starly website, go to the “Staking” tab and enter the amount of STARLY you would like to stake (Tip: you can stake your STARLY in several batches so that you can unstake them separately later on).
After you have staked your tokens you would be able to see the amount staked, unlock date, and annual interest. Staked tokens are locked for 30 days- afterward you can claim your tokens and STARLY rewards at any time. Of course, the longer you stake your STARLY tokens, the more additional tokens you can earn. To unstake your Starly, simply click “unstake”. (https://www.disabilityhelpcenter.org/)
Staking STARLY will yield a guaranteed 15% annual percentage rate. However, for a limited time only, Starly is offering a special 20% APY on all tokens staked before 15 March 2022.
Starly ($STARLY) is a launchpad and marketplace for creators and collectors to expand their economies around gamified NFT collections. Collecting NFTs on Starly will be an immersive experience with different NFT rarity classes, distribution of NFTs in sealed packs along with features such as limited editions, rewards, collector scores, and game-like mechanisms.
NFT collectors on Starly can experience the excitement of pack opening, marketplace trading, all whilst being rewarded for achieving key milestones. Starly aims to transform NFTs into a social experience and create a one-of-a-kind relationship between the creators and their community.
Everything you wanted to know about Iagon‘s IAG token and its usage IAGON’s Shared Storage Economy.
Disclaimer:
The presented $IAG token utility model in this article is not finalized and may be subject to updates/changes.
$IAG basics
Currently, the $IAG token is an ERC-20 token only. It’s tradeable on Uniswap, Gate.io and Bitrue. $IAG can be stored on any ERC-20 token compatible wallet.
As it moves to Cardano, IAGON plans to make its token usable and accessible on the Cardano blockchain. This will be done with the help of a two-way ERC20-CNT bridge. The IAGON team is working on their very own bridge solution for IAG tokens.
Remark:
Currently, there is no official Cardano ERC20-CNT bridge launched. Existing converters that are on the market are either wrappers or mint functions. At this moment and to our knowledge, none of the converters burn a supply from one chain and mint on the other chain.
$IAG Token Utility Details
The $IAG token represents a ´share´ in the IAGON ecosystem, providing holders with a portion of the revenue generated through the decentralised storage exchange.
Additionally the $IAG token will be used as an additional reward for resource providers and for ADA holders delegating to our Cardano stake pool.
Also, there will be an option for the iagon ecosystem fund to buy $IAG tokens from the open market with the aim to refill our ADAGIO reward pool for stakers and resource providers on a regular basis.
For $IAG Holders
$IAG token holders can earn yield by providing liquidity in either Ethereum or Cardano liquidity pools.
There are 2 additional revenue streams that $IAG stakers can benefit from, on top of the yield from the liquidity pool:
$IAG stakers can earn a portion of the transaction fees from the decentralized storage exchange, used by the customers and resource providers on the IAGON network. This reward will be based on the amount of $IAG tokens staked and the trading volume in the storage exchange.
When a resource provider commits to provide their resources to the network, their commitment is handled by our rewards DAO, ADAGIO, and their reward is locked until the end of the commitment period (at least 1 month).
During the period when the reward is locked, ADAGIO generates yield on it through providing liquidity. This yield is distributed among the resource providers, the $IAG stakers and IAGON.
Usually, staking gives only a portion of the fee from the liquidity pool you’re staking in. However, the utility of the $IAG token ensures that stakers can earn yield from two other revenue streams as well as passive income for staking.
For Resource Providers
Once Iagon has launched their Storage Exchange Marketplace, anyone will be able to make a profit by committing resources [storage].
The rewards for providing resources will be based on the supply and demand in the decentralised storage exchange.
Anyone will be able to trade their resources for stable coins by committing their resource to ADAGIO, the resource provider rewards DAO
The rewards are locked until the end of the commitment period, and are subject to slashing in case of unwanted node behavior impacting the performance and health of the network (frequent disconnects, attempts at changing or deleting the stored data)
At the end of the commitment period, resource providers are able to claim their reward
While the rewards are locked, ADAGIO will allow the resource provider to earn yield on it, effectively increasing the reward over time
By leaving the reward locked with ADAGIO for a longer period of time, the rewards will accumulate over time, greatly increasing the earnings
In addition to this, resource providers will occasionally earn $IAG tokens as a bonus incentive to commit storage.
Iagon Ecosystem Fund
A portion of both the transaction fees from the storage exchange and the yield provided by the locked rewards go back to Iagon. These funds will be used to fund further development of the Iagon products, cover operational costs, and buy back $IAG tokens for the Iagon treasury.
The tokens in the treasury will be used to provide community reward schemes, such as resource provider bonus incentives, additional stake pool rewards, early testing rewards etc.
$IAG tokens give you access to a passive revenue stream and multiple utilities, which is why they can be potentially valuable.
IAGON token utility model (Source： Iagon)
How the IAG token will work*
In simple words, the whole process will look like this:
Resource provider commits storage to ADAGIO [rewards DAO]
ADAGIO sells the storage on the storage exchange
The transaction fee is split among ADAGIO and IAG stakers
The reward (payment for storage) is passed from the exchange back to ADAGIO
The rewards are locked until at least the end of the commitment period (at least one month)
While the rewards are locked, it earns a yield through ADAGIO (providing liquidity and other such mechanisms), increasing the reward.
IAG stakers earn a portion of this yield as well
After the lockup period, they can claim their reward + their portion of the yield.
*Disclaimer:
The presented $IAG token utility model is not finalized and may be subject to updates/changes.
Meantime, the IAGON team is open for discussion and encourages their community to input and share ideas about token utility.
About IAGON
IAGON aims to revolutionize the cloud by developing a storage platform and a processing platform where anyone can profit from shared resources. The whole value proposition circles back to the potential of blockchain technology by letting device owners join the storage and processing power grids to create a completely decentralized data cloud and supercomputer.
The excitement from the community toward a shared vision of a community-led and community-owned home sharing economy has been incredible, and Dtravel can’t wait to start building the ecosystem.
If you didn’t get a chance to participate in the MEXC, Gate or Polkastarter events, the Bybit launchpool is still ongoing until 28 November 2021 at 7:59AM UTC.
TRVL will be available from 26 November 2021 at 1:00PM UTC on the following exchanges:
Once again, a big thank you to the Dtravel community for your spectacular support! More updates coming soon!
About Dtravel
Dtravel is a decentralized, global home sharing community that facilitates seamless short-term accommodation discovery, bookings and payments, with much lower fees than other home sharing platforms. Conceived by former executives of global technology companies such as Airbnb, Expedia and more, Dtravel aims to empower its members — including hosts, guests and token holders — to participate in the growth and decision making of a new type of home sharing economy through community governance.
MetaWars, the next-generation sci-fi strategy game, has officially launched the $WARS token. MetaWars successfully developed the best tokenomics for its ecosystem with the help of marketing partners that led to the release of the $WARS and $GAM tokens on the blockchain.
A Quick Recap About MetaWars
MetaWars is a sci-fi focused strategy game that enables players to earn through gameplay. Players can embark on their journey in a highly-realistic space environment during the game with the help of NFTs in the form of resources and mechas. The game’s play-to-earn feature enables players to fight, trade, and play while earning NFTs and additional rewards. For more information check out our full Metawars guide.
The Legacy So Far
MetaWars released their pre-launch NFT auction from the 21st to the 27th of October, which allowed buyers to purchase valuable in-game assets and supplies. The event garnered huge success, nearing a total of 1,000 bids by the end of the auction.
The project continued their impressive feats on the day of their launch on the 27th of October, with an initial listing price of $0.008 on PancakeSwap skyrocketing over 100x.
The staking pool and dapp also went live recently for the community to stake $WARS tokens. Players, in turn, earn $GAM tokens, an in-game utility token that will play a vital role in the MetaWars universe.
Launch Highlights
The pre-launch NFT auction successfully obtained close to 1,000 bids and raised a total of 2,000 BNB.
MetaWars’ $WARS tokens were sold out in a flash on all three launchpads — Polylauncher, GameFi and Red Kite — within minutes.
The very first MetaWars game trailer and demo was released to the public in order to show a glimpse of the immersive gameplay — interested parties can view the clip here.
Staking of $WARS and $WARS-BUSD LP went live on MetaWars’ dapp, access it here.
MetaWars’ Discord server remains active with more than 22,000 members to date and an invitation contest is currently underway that will enable participants with the most invites to earn limited in-game asset NFTs.
Future Plans
Following a hugely successful launch, MetaWars is currently working on its adventure game, with plans to release it later this month. The NFT staking feature is also currently in the works and will be announced to the public in the near future.
More details about the game will be announced soon. To follow up with MetaWars’ updates and developments, follow their social media channels below.
About MetaWars
MetaWars is a play-to-earn next-generation blockchain gaming experience. Explore and battle throughout the universe. Fight, trade, and earn robots, ships, and planetary terrain backed by in-game NFTs. The $WARS token will become the anchor of an entire universe up for grabs.
The Three Kingdoms is a third-generation NFT (non-fungible token) Game based on historical figures from ancient China’s Three Kingdoms era. TTK Tokens can be earned in a variety of ways. Players can win NFT characters via raffles, completing tasks, and participating in siege games.
What makes The Three Kingdoms truly unique is that it is the first game to use staking as a gameplay mechanic for attacking and capturing cities.
About PancakeSwap
PancakeSwap is a popular exchange on Binance Smart Chain that offers numerous support functions such as Swapping, Staking, and Bridging assets all in one easy-to-use platform.
About Gate.io
Gate.io is one of the fastest-growing cryptocurrency exchanges with a stable trading environment with additional features such as Wallet.io, Gate Code, and anti-purchase solutions. The Gate.io platform is also innovating new technologies to protect assets.
$TTK Token Listing Details
DEX listing on PancakeSwap: 11:35 AM UTC on 13th October 2021
CEX listing on Gate.io: 12:05 PM UTC on 13th October 2021
Please refer to the official announcement for more details on the listing and the $TTK token.
About The Three Kingdoms
Collect ultra-rare characters, weapons and a land that you can truly own!
The Three Kingdoms is a 3rd Generation NFT Game that adopts the three Kingdoms storyline. Prepare to immerse yourself in a gaming experience enriched with extensive history, multifaceted characters, progression gameplay and more. Prepare your heroes for battle, siege cities, and win battles to expand your own land.
Be your own hero in the land of The Three Kingdoms!
Follow The Three Kingdoms on social media to stay up to date with the latest news:
Join us for our bi-weekly decentralised finance (DeFi), cryptocurrency and bitcoin updates!
On the channel we focus on DeFi and Yield Farming, the HOTTEST trends right now. We also look at the latest cryptocurrency and blockchain news as well as market trends.
Our aim is to have rational discussions and try to see through any speculation and sensation. All the while sharing our personal experiences in our live chat and keeping our community’s spirits up during these times.
Decentralised Finance (DeFi) series: tutorials, guides and more
With content for both beginners and more advanced users, check out our YouTube DeFi series containing tutorials on the ESSENTIAL TOOLS you need for trading in the DeFi space e.g. MetaMask and Uniswap. As well as a deep dive into popular DeFi topics such as decentralized exchanges, borrowing-lending platforms and NFT marketplaces
More videos and articles are coming soon as part of our DeFi series, so be sure to SUBSCRIBE to our Youtube channel so you can be notified as soon as they come out!
