LensLinks - Issue 4

A blockchain news roundup, brought to you by Regiment LLC

Author

Len Pacek
October 06, 2022

Today in LensLinks:

  • How to ID Crypto Project Scams

  • Crypto Trading Slump?

  • How Long? VR in the Metaverse...

  • Europe's MiCA Crypto Legislation Moves Along

  • Is this Ethereum based Altcoin a "Chance of a Lifetime"?

  • Can Blockchain save South Africa?

  • And much, much more...

QUOTABLE... 

"Many top exchanges may have to shut shop in the next 12 months as liquidity pressures mount"

- Mridul Gupta, Chief Operating Officer for CoinDCX

NOTABLE...  

 Metaverse & Gaming

The metaverse: Unpicking the potential for broadcasting

https://www.ibc.org/features/the-metaverse-unpicking-the-potential-for-broadcasting/9212.article

Speakers from backgrounds ranging from gaming, immersive content creation and BBC R&D were brought together at the Royal Television Society’s annual conference to discuss the growing trend in immersive technology and answer the big question: Is the metaverse the inevitable destiny of entertainment?

 Blockchain, Tokens & DeFi

How To Tell if a Crypto Project Is a Scam

In crypto, a popular scam is what is known as a “rugg pull”. It's creating a new coin promoting it aggressively, relying on exagerated claims. 

https://cryptobriefing.com/how-to-tell-if-a-crypto-project-is-a-scam/

According to the Federal Trade Commission (FTC) crypto scams have cost people more than $1 billion since 2021.

Key Takeaways

  • Investors new to crypto are more susceptible to scams. Staying up to date with the latest forms of fraud and manipulation is important to avoid financial loss.

  • Following a set of simple due diligence routines will help users distinguish bad projects from legitimate ones.

  • Phemex, a well established cryptocurrency exchange, periodically reviews its listed assets to make sure users are protected from rug pulls or exit scams.

 Crypto Trading

Crypto trading volumes slump further in September

‘Many top exchanges may have to shut shop in the next 12 months as liquidity pressures mount’

https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/crypto-trading-volumes-slump-further-in-september/article65976362.ece

CoinDCX, Bitbns and ZebPay — saw their trading volumes decline 94.23 per cent, 64.06 per cent, 64.04 per cent and 89.24 per cent between August and September. Experts note that the persistent decline in volumes means that even top exchanges with solid cash reserves are likely to face liquidity pressures, and should the current trends continue, they will have to shut down operations in India in the next 12 months. Leading exchanges such as CoinDCX and WazirX also flagged the Centre’s confining compliances as a reason behind the decline in volumes. 

Metaverse & Gaming - A Little More...

How Long Until Virtual Reality Reaches The Metaverse?

As we all already know, the metaverse has always had strong connections to virtual (VR) and augmented reality (AR) technology, as in premise, they’re what’s essential for ‘immersivity’ to be pushed to its absolute limits.

https://blockster.com/how-long-until-virtual-reality-reaches-the-metaverse

The metaverse is the network, says Nvidia’s Kerris

The metaverse will impact everything; we will be able to go from virtual world to virtual world just as we do from website to website

https://venturebeat.com/virtual/metabeat-the-metaverse-is-the-network-says-nvidias-kerris/

Blockchain, Tokens & Defi - A Little More...

Europe's MiCA crypto legislation moves a step closer. Impacts lending - Ledger Insights - blockchain for enterprise

MiCA crypto legislation was approved by the European Council. Still needs parliamentary approval. MiCA does not cover lending but will impact

https://www.ledgerinsights.com/mica-crypto-law-lending/

Vitalik Buterin: Let’s Get to Know This Fascinating Character

Vitalik Buterin: IT genius, crypto billionaire. But there are some things that you don't know about him. And here they are.

https://beincrypto.com/vitalik-buterin-get-to-know-fascinating-character/

Crypto Trading - A Little More...

Absorbing the Complexities in Crypto through Copy Trading: An Interview with Billium's Founder

New entrants are often distracted and seduced by green figures and attractive charts in the increasingly volatile crypto industry. A new coin is doing 10X; should I risk my savings with it? My friend at FTX likes Decentraland; should I flock with them? New traders are expected to keep up with the speed, technical stack, and fluidity of crypto trading and investment.

https://www.benzinga.com/markets/cryptocurrency/22/10/29157796/absorbing-the-complexities-in-crypto-through-copy-trading-an-interview-with-billiums-found

Crypto Trader Doubles Down on One Ethereum-Based Altcoin, Calls It ‘Opportunity of a Lifetime’ - The Daily Hodl

Popular crypto analyst Michaël van de Poppe is reiterating his conviction that Chainlink’s (LINK) current price is a rare opportunity for investors.

https://dailyhodl.com/2022/10/06/crypto-trader-doubles-down-on-one-ethereum-based-altcoin-calls-it-opportunity-of-a-lifetime/

Crypto Price Today Live: Bitcoin holds $20K mark; Ethereum, Polygon & XRP rise up to 4%

The global cryptocurrency market cap was trading marginally higher at $972.12 billion, rising less than a per cent in the last 24 hours. However, the total trading volume dropped over one per cent to $59.92 billion.

https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-prices-today-live-news-bitcoin-dogecoin-ethereum-shibha-inu-cryptocurrency-latest-updates-06-october-2022/articleshow/94671964.cms

 ESG (Environment, Social & Governance)

How Can Blockchain Save South Africa From Nationwide Blackouts?

https://cryptonews.com/news/how-can-blockchain-save-south-africa-from-nationwide-blackouts.htm

While it’s a positive thing that electricity access in developing countries is gradually increasing, households connected to the grid usually receive poor quality and unreliable service. On a global scale, more than 200 million homes and businesses are given inferior grid connections. Meanwhile, according to an Afrobarometer survey, less than half of the total South African population has a stable supply of electricity.

Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports.  It is not an investment recommendation or solicitation for any investment.  The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates.  Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.