LensLinks: Issue 78

A blockchain news roundup, brought to you by Regiment LLC

Author

Len Pacek
January 24, 2023

Today in LensLinks:

  • Genesis trading Arm Moving Funds on Blockchain

  • 45% of Games Developers are Still Sceptical of the Metaverse

  • Uniswap Poll: 80% Support Decentralized Crypto Exchanges Move to BNB Chain

  • Lawful Crypto Trading in India?

  • Is this the most important patent ever for gaming and metaverse advertising?

  • 101: How Ethereum's Token Burns are Making it a Deflationary Crypto

  • NY Targets Co-mingling at Crypto Funds

  • Bounce in Cryptocurrencies id "Mean Reversion" Rally

  • RETRO: Over the Years - Warren Buffet on Crypto

  • And Much, Much, More...

QUOTABLE... 

"We’re excited to share that our @0xPlasma proposal to deploy @Uniswap v3 on

@BNBCHAIN has passed the "Temperature Check" with 20M votes "YES" and 6,495 $UNI voters (the biggest number for the whole Uniswap Governance History).  Moving forward to the final "Governance Proposal"

@0xPlasma via Twitter

NOTABLE...  

Genesis’s trading arm moving funds on blockchain, bankrupt units reveal extent of liabilities

According to on-chain data, the trading arm of bankrupt crypto lending firm Genesis is still moving funds around on the blockchain.

https://finance.yahoo.com/news/genesis-trading-arm-moving-funds-053146416.html

On-chain data shows Genesis Global Trading Inc., the Genesis spot and derivatives trading business, sent 50,000 ETH to Coinbase, 20,000 ETH to Bitstamp and 5,000 ETH to Kraken on Thursday, the day of the bankruptcy hearing, according to Etherscan.

 Metaverse & Gaming

45% of games developers are still sceptical of the metaverse - Music Ally

In the music industry there is excitement and scepticism alike around 'the metaverse' but how do games developers feel about it?

https://musically.com/2023/01/23/45-of-games-developers-are-still-sceptical-of-the-metaverse/

How do people in the games industry feel about it? A new study conducted by the Game Developers Conference asked 2,300 of those developers for their thoughts.

When they were asked which company is best placed to deliver the metaverse’s promise, 14% said Epic Games/Fortnite, 7% said Meta/Horizon Worlds, 7% said Microsoft/Minecraft, and 5% said Roblox. Google and Apple both got 3%. But the runaway leader was… no answer.

 Blockchain, Tokens & DeFi

Uniswap Poll Shows 80% Support Decentralized Crypto Exchange's Move to BNB Chain

More than 20 million UNI were staked by community members to cast their votes.

https://www.coindesk.com/tech/2023/01/23/uniswap-poll-shows-80-support-decentralized-crypto-exchanges-move-to-bnb-chain/

A "temperature check" to gauge support in the Uniswap community for a possible move of the decentralized exchange’s V3 protocol to the BNB Chain saw 80% of UNI token holders vote in favor.

Voting on the proposal, which was floated by OxPlasma Labs, ended Sunday night with about 20 million tokens cast in favor of the move. “Our proposal to deploy Uniswap v3 on BNB Chain has passed the 'Temperature Check' with 20M votes 'YES' and 6,495 $UNI voters (the biggest number for the whole Uniswap Governance History),” Plasma tweeted.

 Crypto Trading

IT Minister Greenlights Lawful Crypto Trading in India Amid G20 Presidency

There are no problems with crypto trades in India if all regulations are followed, per a recent statement by the country's IT Minister Rajeev Chandrasekhar.

https://beincrypto.com/it-minister-greenlights-lawful-crypto-trading-india-amid-g20-presidency/

In Brief

The IT Minister of India states that if all regulations are followed, there is no problem with crypto trades in the country.

His statement comes amid India's G20 presidency and its central bank's calls for a blanket ban.

The government has thus far refrained from commenting on the legality of the asset class.

Metaverse & Gaming - A Little More...

Global Metaverse in Gaming Market is Expected to Reach 663.8 Bn by 2030, Growing at an Astounding CAGR of 37.8% over the forecast period (2022 – 2030); A Report by Absolute Markets Insights - Digital Journal

The gaming business today is minting huge money and remains highly successful business. This success of the gaming industry is being amplified owing to

https://www.digitaljournal.com/pr/global-metaverse-in-gaming-market-is-expected-to-reach-663-8-bn-by-2030-growing-at-an-astounding-cagr-of-37-8-over-the-forecast-period-2022-2030-a-report-by-absolute-markets-insights

Is this the most important patent ever for gaming and metaverse advertising?

In-game advertising startup Anzu has secured a pivotal patent for tech that can measure ad viewability in 3D worlds.

https://www.thedrum.com/news/2023/01/23/the-most-important-patent-ever-gaming-and-metaverse-advertising

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

Explained: How Ethereum’s token burns are making it a deflationary cryptocurrency

The reason Ethereum is now considered a deflationary cryptocurrency is that the number of ETH tokens that are entering into circulation is less than the number of tokens that are being burnt on a regular basis.

https://www.cnbctv18.com/cryptocurrency/ethereum-token-burns-making-deflationary-cryptocurrency-explained-15747281.htm

PBF CEO, Morgan McKenney on blockchain, DeFi & tokenization

Morgan McKenney is the CEO of the Provenance Blockchain Foundation (PBF). We caught up with her to talk advances in blockchain technology and 2023 trends

https://fintechmagazine.com/crypto/pbf-ceo-morgan-mckenney-on-blockchain-defi-tokenization

Crypto Trading - A Little More...

New York’s financial regulator takes aim at firms co-mingling crypto funds

New York’s chief financial regulator is set to release new guidance on Monday dictating that companies separate customers' crypto assets from their own, after alleged co-mingling of funds at collapsed crypto exchange FTX and its affiliated trading firm Alameda Research led to hefty losses for clients.

https://www.reuters.com/business/finance/new-yorks-financial-regulator-takes-aim-firms-co-mingling-crypto-funds-2023-01-23/

Bernstein: Bounce in Cryptocurrencies Is ‘Mean Reversion’ Rally

Recent gains are unlikely to presage a sustained advance, the report said.

https://finance.yahoo.com/news/bernstein-bounce-cryptocurrencies-mean-reversion-124540680.html

Why Gaming Crypto Axie Infinity (AXS) Is Up 47% Today

AXS (CRYPTO: AXS), the native token of the Axie Infinity game, is up 47% despite a continued decrease in monthly players. 

https://www.benzinga.com/markets/cryptocurrency/23/01/30517194/gaming-token-rallies-47-beating-bitcoin-ethereum-gains-despite-massive-drop-in-active-play

 Industry Retro (How far we have come)

Warren Buffett dismissed bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto.

Buffett has repeatedly warned against buying crypto, cautioning the industry attracts charlatans who see a chance to exploit people's greed.

https://markets.businessinsider.com/currencies/news/warren-buffett-best-quotes-bitcoin-cryptocurrencies-investing-rat-poison-squared-2021-1-1029974898

Warren Buffett's Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank – Featured Bitcoin News

Warren Buffett's company, Berkshire Hathaway, has invested $500 million in Nubank, a bitcoin-friendly digital bank.

https://news.bitcoin.com/warren-buffett-berkshire-hathaway-invests-bitcoin-friendly-nubank/

 ESG (Environment, Social & Governance)

Metaverse, AI and ESG among the seven tech trends to keep an eye on in 2023 - Stockhead

Info-Tech Research Group has flagged seven key tech trends to watch this year, from the metaverse to data players and ESG reporting platforms.

https://stockhead.com.au/tech/metaverse-ai-and-esg-among-the-seven-tech-trends-to-keep-an-eye-on-in-2023/

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