Lenslinks: Issue 86

A blockchain news roundup, brought to you by Regiment LLC

Author

Len Pacek
February 03, 2023

Today in LensLinks:

  • Wormhole Picked as Uniswap’s Governance Bridge to BNB Chain

  • From marijuana to the metaverse: specialised ETFs underperform

  • $110 Million Stolen From DeFi Protocols BonqDAO and AllianceBlock

  • Orion Protocol Loses $3M of Crypto in Trading Pool Exploit

  • Coinbase Wallet Introduces "Transaction Preview" For Better Security

  • 101: Tokenomics vs The Token Economy: What’s The Difference?

  • What crypto hodlers should keep in mind as tax season approaches

  • Is Bitcoin Being “Propped up”? Here’s one theory.

  • RETRO: Ukrainian refugee flees to Poland with $2,000 in bitcoin on a USB drive

  • Hola Metaverso Wants To Bring the Latino Community Into Web3

  • And Much, Much More…

QUOTABLE

❝

“Crypto assets are treated as property for U.S. tax purposes, and taxpayers should report gains and losses when there is a sale, exchange, or change in ownership (other than a gift). Merely HODLing or transfers of crypto between a taxpayer’s wallets are not taxable events.”

- Lawrence Zlatkin, VP of tax at Nasdaq-listed cryptocurrency exchange Coinbase

NOTABLE

Wormhole Picked as Uniswap’s Governance Bridge to BNB Chain

Uniswap's community has spoken and Wormhole is the choice for the new governance messaging bridge. The final proposal is set to come soon.

www.bsc.news/post/wormhole-picked-as-uniswaps-governance-bridge-to-bnb-chain

Metaverse & Gaming

From marijuana to the metaverse: specialised ETFs underperform

New research shows investors should be wary of funds focused on specific themes or one industry

www.ft.com/content/48fd0fd2-f12c-43ac-93f4-a25074fcb35f

Blockchain, Tokens & DeFi

$110 Million Stolen From DeFi Protocols BonqDAO and AllianceBlock

The attacker exploited BonqDAO's oracle and was able to manipulate the price of AllianceBlock tokens, liquidating a bunch of troves.

cryptopotato.com/110-million-stolen-from-defi-protocols-bonqdao-and-allianceblock

Crypto Trading

Orion Protocol Loses $3M of Crypto in Trading Pool Exploit

Wallets associated with the event are sending ether through Tornado Cash.

www.coindesk.com/business/2023/02/02/orion-protocol-loses-3m-of-crypto-in-trading-pool-exploit

Metaverse & Gaming - a little more…

Coinbase Wallet Introduces "Transaction Preview" For Better Security

Coinbase Wallet, a non-custodial multi-currency wallet, is adding a new security feature, "Transaction Preview," for better security.

www.newsbtc.com/news/defi/coinbase-wallet-introduces-transaction-preview-for-better-security

How EA plans to compete with Fortnite and Roblox in the metaverse

EA didn’t use the word “metaverse” a single time during its Q3 2023 earnings call — but the game developer has clearly taken note of the revenue-generating potential of virtual platforms powered by user-generated content, or UGC.

digiday.com/marketing/how-ea-plans-to-compete-with-fortnite-and-roblox-in-the-metaverse

Blockchain, Tokens & DeFi - a little more…

Tokenomics vs The Token Economy: What’s The Difference?

The word “tokenomics” and the phrase “token economy” are very often used interchangeably when people are talking about the world of crypto and digital assets.

cryptodaily.co.uk/2023/02/tokenomics-vs-the-token-economy-whats-the-difference

What crypto hodlers should keep in mind as tax season approaches

Filing crypto taxes can be confusing, but it’s important to remember how the IRS treats crypto and how to approach your filings.

cointelegraph.com/news/what-crypto-hodlers-should-keep-in-mind-as-tax-season-approaches

Crypto Trading - a little more…

There’s a wild theory that the price of Bitcoin is being propped up—and the academic who proved manipulation in 2017 suspects it may be happening again

Bitcoin's recent price stability has some wondering whether big buyers could be setting a price floor and pushing the cryptocurrency higher.

fortune.com/2023/02/02/bitcoin-manipulation-price-outlook

Warren Buffett's right-hand man Charlie Munger, who once called crypto 'rat poison,' says we should follow China’s lead and ban cryptocurrencies altogether

“A cryptocurrency is not a currency, not a commodity, and not a security,” Munger said Wednesday in a WSJ op-ed. “It’s a gambling contract."

fortune.com/2023/02/02/ban-crypto-charlie-munger-warren-buffet-like-china-bershire-hathaway-south-sea-bubble

Industry Retro (How Far we have come)

Ukrainian refugee flees to Poland with $2,000 in bitcoin on a USB drive

Nearly a quarter of Ukraine's population has been forced from their homes in the last four weeks. Many have turned to cryptocurrency.

www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-with-2000-in-bitcoin-on-usb-drive.html#:~:text=Within%20two%20hours%20of%20Fadey's,key%20to%20his%20financial%20survival.

ESG (Environmental, Social & Governance)

Hola Metaverso Wants To Bring the Latino Community Into Web3

The conference will host its inaugural event on April 30 at Avenida Productions' studios in Historic Filipinotown.

dot.la/latino-community-metaverse-web3-2657123977.html

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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.