Figment.io has revealed a collaborative new Builder DAO with Solana, The Graph, Pyth Network, Ceramic Network, and Arweave with the goal to ‘build a better internet, together’.

There’s a growing correlation between virtual assets and financial markets. Before the pandemic, crypto-assets such as Bitcoin and Ether showed little correlation with major stock indices. But this changed after the extraordinary central bank crisis responses of early 2020. Crypto prices and U.S. stocks both surged amid easy global financial conditions and greater investor risk […]

Spin, a multichain derivatives DEX founded in June 2021, announced today it has raised $3.75M  in a seed funding round led by Lemniscap with participation from GSR, Spartan Group, ZMT Capital, Longhash Ventures, and AngelDAO. Funds raised will be used to support the further development of the Spin DEX. The Spin team is building a […]

The post Multi-chain crypto derivatives DEX Spin raises $3.75M appeared first on CryptoNinjas.

Globally, the regulatory push for open banking has increased the availability of open banking APIs, which in turn enables fintech to build new products and services. To date, however, there are still a limited number of business models and innovative products developed in each country. Greater access to a wide range of product APIs and […]

The post The key question for 2022: Can fintech build viable businesses using open banking APIs? appeared first on Fintech News.

Overview

---

• Daily spot trading volume: $623.8 million, 30 day average spot: $1.12 billion.
• Total futures notional: $193.5 million.
• Most traded: Bitcoin (+1.1%), $198.2 million, Tether $134.1 million, Ethereum (+2.2%) $111.4 million.
• Biggest Losers: Kyber Network (-3.9%), Energy Web Token (-2.0%), The Graph (-1.6%).
• Biggest Winners: Aragon (+19%), Synthetix (+18%), Flow (+14.7%).

---

January 29, 2022   $623.8M traded across all markets today  Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
BTC  $38164.  ↑1.1%  $198.2M	USDT  $1.0002  ↓0.01%  $134.1M	ETH  $2601.9  ↑2.2%  $111.4M	USDC  $1.0  ↑0.0%  $31.3M	SOL  $96.15  ↑5.2%  $28.5M
DOT  $18.719  ↑2.1%  $16.4M	ADA  $1.0598  ↑1.0%  $15.0M	MATIC  $1.696  ↑1.4%  $12.1M	ATOM  $29.040  ↓1.3%  $9.65M	LUNA  $50.93  ↑1.1%  $9.62M
LINK  $16.223  ↑0.4%  $7.54M	FLOW  $6.48  ↑14%  $7.44M	XRP  $0.6175  ↑1.0%  $5.64M	LTC  $110.92  ↑1.3%  $5.39M	DOGE  $0.1431  ↑1.1%  $5.1M
DAI  $0.9999  ↓0.01%  $4.28M	AVAX  $72.125  ↑7.7%  $3.55M	ALGO  $0.9681  ↑1.0%  $3.26M	MANA  $2.3719  ↑4.0%  $3.18M	SAND  $3.8881  ↑12%  $3.15M
XLM  $0.2029  ↑2.2%  $2.8M	CRV  $2.987  ↑2.5%  $2.72M	NANO  $2.3361  ↓1.3%  $2.11M	SHIB  $2.166e  ↑2.0%  $2.01M	DYDX  $6.1279  ↑2.9%  $1.74M
PAXG  $1798.8  ↑0.19%  $1.57M	ENJ  $1.758  ↑7.3%  $1.54M	UNI  $11.154  ↑4.8%  $1.51M	KNC  $1.7317  ↓3.9%  $1.51M	XTZ  $3.0915  ↑2.3%  $1.38M
ANT  $6.2762  ↑19%  $1.35M	AAVE  $153.74  ↑3.4%  $1.2M	KSM  $171.16  ↑1.6%  $1.19M	KAVA  $3.2514  ↑1.2%  $1.18M	ZEC  $95.814  ↑5.0%  $1.17M
XMR  $153.67  ↑3.1%  $1.14M	KEEP  $0.4353  ↑5.5%  $1.13M	GLMR  $6.1729  ↓4.5%  $1.11M	BCH  $298.42  ↑0.6%  $1.01M	SNX  $5.399  ↑18%  $992K
FIL  $20.269  ↑3.7%  $932K	OXY  $0.5141  ↑5.8%  $762K	BAT  $0.8478  ↓1.8%  $761K	WAVES  $9.8537  ↓2.2%  $726K	MINA  $2.31  ↓0.4%  $708K
ICX  $0.7428  ↑5.0%  $696K	TRX  $0.0603  ↑4.7%  $560K	EOS  $2.334  ↑0.9%  $545K	OMG  $4.8510  ↑6.4%  $544K	AXS  $49.576  ↑6.0%  $521K
YFI  $24127.  ↑2.6%  $513K	SC  $0.0101  ↑0.5%  $505K	PERP  $6.2079  ↑3.1%  $473K	OXT  $0.2425  ↓0.14%  $463K	GRT  $0.41  ↓1.6%  $409K
LRC  $0.9684  ↓2.3%  $395K	KILT  $1.71  ↓1.2%  $354K	MLN  $58.553  ↑3.7%  $316K	SUSHI  $4.14  ↓1.0%  $304K	ASTR  $0.12  ↑5.3%  $299K
STORJ  $1.1538  ↑2.7%  $294K	SRM  $2.26  ↑1.7%  $289K	BADGER  $10.886  ↓0.4%  $265K	MOVR  $79.312  ↑3.0%  $261K	ETC  $25.268  ↑0.13%  $252K
DASH  $96.230  ↑0.5%  $226K	OCEAN  $0.5903  ↑1.9%  $183K	EWT  $6.001  ↓2.0%  $173K	CHZ  $0.1833  ↑2.1%  $165K	COMP  $123.5  ↑0.06%  $142K
LSK  $1.6081  ↓0.8%  $128K	CTSI  $0.4645  ↑1.6%  $127K	QTUM  $5.9629  ↑2.2%  $119K	KINT  $18.272  ↑6.0%  $118K	MKR  $1943.3  ↑3.4%  $116K
MNGO  $0.1523  ↑3.7%  $111K	ANKR  $0.0727  ↑0.9%  $106K	SDN  $1.0432  ↑3.1%  $105K	BNC  $0.9351  ↓2.6%  $100K	STEP  $0.2160  ↑18%  $97.5K
REP  $12.989  ↑1.1%  $95.9K	CQT  $0.395  ↑1.3%  $95.3K	1INCH  $1.706  ↑3.3%  $88.7K	LPT  $26.93  ↑3.3%  $87.7K	ACA  $1.734  ↓1.3%  $85.9K
ZRX  $0.561  ↑2.6%  $77.6K	GHST  $2.0342  ↑1.3%  $76.3K	REN  $0.3419  ↑5.1%  $75.8K	FIDA  $2.15  ↑27%  $73.9K	WBTC  $38181.  ↑1.0%  $73.0K
OGN  $0.3326  ↑1.3%  $72.5K	MIR  $1.158  ↓0.5%  $67.5K	RARI  $8.64  ↑2.6%  $65.5K	ATLAS  $0.0500  ↑1.9%  $64.4K	GNO  $277.64  ↑2.3%  $52.2K
SBR  $0.0664  ↓4.1%  $45.3K	PHA  $0.251  ↑0.4%  $40.2K	BAL  $12.39  ↑3.5%  $34.7K	BNT  $2.447  ↑1.4%  $29.0K	POLIS  $2.9  ↑2.9%  $28.6K
KAR  $1.8559  ↓3.1%  $28.4K	INJ  $4.393  ↓2.7%  $22.2K	ORCA  $2.5091  ↓2.4%  $17.6K	BAND  $3.525  ↑0.5%  $10.5K	REPV2  $12.959  ↑0.11%  $9.81K
RAY  $3.928  ↑6.7%  $9.29K	TBTC  $37339.  ↑1.2%  $5.33K	KIN  $4.984e  ↑25%  $0.02K

The post Kraken Daily Market Report for January 29 2022 appeared first on Kraken Blog.

Shibnobi (SHINJA) surges extremely everyday. Currently, for almost a week, SHINJA stands at more than 50% surges.  Many predict SHINJA

The post has appeared first on thenewscrypto.com

ETH hits bottoms of below $2.4K. Many factors together account for such desperate failures.  Vitalik Buterin blames high gas fees

The post has appeared first on thenewscrypto.com

The Graph Foundation has raised $50 million in funding led by Tiger Global with participation from FinTech Collective, Fenbushi Capital, Reciprocal Ventures, and Blockwall Digital Assets Fund.

Continue reading at Coinspeaker

Hashdex, a global crypto-focused asset manager recently announced the approval of the world’s first DeFi exchange traded fund (ETF).  The ETF will be listed on the Brazilian stock exchange, B3, under the ticker symbol DEFI11 on February 17th.

The post World’s first DeFi ETF to be listed on the Brazilian stock exchange in February appeared first on CryptoSlate.

The biggest crypto exchange by far is Binance. Despite some regulatory hiccups in the past, the crypto exchange platform was trending in the news following its developments. Here was the most significant trending one. In December 2021, Binance officially announced the implementation of a new Binance Coin Auto-Burn protocol to replace its current quarterly burn […]

Pollen DeFi (https://pollen.id/), the decentralized protocol that facilitates ‘hivemind' weighting of asset pools that back up market-tradable tokens, today revealed their upcoming ‘Incentivised Beta' platform release and details on how the ‘DeFi 2.0' protocol will enable its unique community-managed financial instrument. The ‘Beta' release, which goes live in December, will initially enable users to contribute to the continual balancing and rebalancing of a singular central asset pool that will back up a tradable asset token. The protocol will be open to whitelisted users who can begin building community credibility (in the form of a ‘reputation' score), compete for a position on the community leaderboard, and, in turn, will have a chance to earn mainnet Pollen ($PLN) governance tokens. 

Pollen DeFi aims to push ‘DeFi' into the ‘DeFi 2.0' era by moving beyond institutional imitation and removing centralized “middlemen”; the platform instead empowers user-curated cryptocurrency asset pools that are constantly refined via a merit-based balancing of users' portfolio suggestions. Community members are rewarded for making good decisions and subsequently gain more influence over the dynamically-rebalancing portfolio.  Alternatively, users who would prefer to turn to more qualified traders (based on proven reputation, scored by the platform) can delegate their voting power accordingly. These ‘hivemind approved' asset portfolios then back up ‘asset pool tokens' listed as easily accessible financial instruments capable of outperforming market fluctuations.  

Boosted earlier this year by strategic backers, The Graph and AlphaBit, Pollen DeFi is focused on building the ultimate ‘crypto meritocracy'; the salient, DAO-driven ‘DeFi 2.0' experience leans on the fact that the leadership team merely creates and hones the core technology and UI, ensures platform security, and facilitates user governance and ease of accessibility, while the diversity of opportunities presented within the financial instrument itself result from decentralized, community-contributed portfolio suggestions. Pollen DeFi is powered by two new tokenized assets built specifically with DeFi 2.0 in mind, the Pollen ($PLN) governance token and the native Portfolio Asset Index token ($PAI) which is backed by the total value locked (TVL) of the first and core asset pool on the platform.  Other crypto-communities, influencers, and even top-ranking Pollen DeFi users will be able to propose additional asset pools that will be continually re-balanced by user proposals and support new asset-backed tokens, similar to the $PAI token.

Pollen DeFi's move from Alpha to Beta with a dramatically upgraded protocol design is supported by an already strong community of followers wishing to begin the process of actively contributing to the balancing of the asset pool. Pollen DeFi's open-source protocol and merit-based system empowers the brightest minds in its community and incentivizes them to continually contribute. This means that $PAI token is backed by a continually rebalanced and optimized asset pool which aims to out-smart market fluctuations with overall global community intelligence ideal for the 24/7 nature of the cryptocurrency market.

Pollen DeFi Project Lead and Co-Founder, Philip Verrien, explained, “Our focus has been on rebuilding asset management from the ground up; reducing risk and volatility, while also maximizing yield and creating dynamic opportunity for anyone, regardless of their experience level; [Pollen DeFi] aims to be the embodiment of what we believe will be the next step in DeFi, and reflect the core principles of truly decentralized finance.” Pollen DeFi's community is at the center of it all; Verrien and his team have designed Pollen DeFi to be powerful and easily accessible not only for the experienced crypto traders hoping to receive community accolades and earn $PLN token rewards for sharing their alchemic index ratios, but also, for those crypto-newcomers who are more familiar with curated asset indexes from TradFi and retail crypto environments consisting of pre-vetted coins and tokens - these users will be able to use Pollen ($PLN) governance token or hold $PAI asset pool token to easily be a part of the secure and well-tuned, ‘hivemind-approved' asset portfolio. 

Pollen DeFi focuses on user participation and utility. It is designed to tackle governance and centralization issues commonplace in today's DeFi ecosystem. Focusing heavily on developing community participation incentives, and processes that build toward true decentralization, using the hivemind to put the community in control.

The $PAI token will be the first index token to be launched on the platform with its value tied to the TVL of the core asset pool. $PAI is designed to be a less volatile asset that provides a safer way to participate in the DeFi ecosystem and is designed to weather any market storm as it will be dynamically managed by the community 24/7. $PLN, on the other hand, is the governance token that allows participants to interact with the platform and is rewarded to community members who actively manage the portfolio successfully or delegate to those that do (from a leaderboard). 

Beginning in December, whitelisted users will be able to actively contribute suggestions to Pollen DeFi's first community-managed portfolio and associated asset pool token, Portfolio Asset Index ($PAI); reputation points earned during this part-testnet, part-mainnet ‘Community Release Incentivised Beta' will be ported over as part of full mainnet launch in Q1 2022. This means that whitelisted early adopters who engage with Pollen's ‘Community Release Incentivised Beta' will appear on the leaderboard once the platform is fully live on mainnet.  The Pollen DeFi team will be releasing more information regarding the community release whitelist and details for those that can participate in the coming weeks, in the meantime anyone interested can join Pollen's telegram group (https://t.me/pollen_dao) or follow @PollenDeFi on twitter. 

For more information, please visit pollen.id.

####

About Pollen DeFi

Pollen DeFi (https://pollen.id/), is a first of its kind decentralized asset management ecosystem where the community builds and manages crypto asset portfolios together. Decentralized finance is designed to be by the people, for the people, and Pollen DeFi is acknowledging this by building the first, truly decentralized platform for managing tokenized asset pools. The merit-based DAO provides a reputation-based governance protocol with incentives that leverage the community's collective wisdom to curate asset pools. In this system, all users of the platform stand to benefit from the contribution of the best performing participants. Initially, the Pollen DeFi platform and its Pollen governance token ($PLN) will manage a single asset token, the Portfolio Asset Index ($PAI) token. The $PAI token will be managed 24-7 by the community and is designed to be a low volatility ‘DeFi Lego' which can be used in other protocols in the decentralized finance ecosystem. After Mainnet launch, other communities will be able to create and manage alternative asset tokens via the Pollen DeFi platform.