CryptoBlog n.954
Cultural Commission of the Islamic Council, Hossein Jalali, announced that the administration plans to implement a penalty for women who refuse to wear hijab in public. He said that the bank accounts of those women who do not comply will be frozen after two warnings. Will crypto and Bitcoin help these women in Iran find a way around government sanctions?
CryptoBlog n.953
Fortnite has partnered with MrBeast for an Extreme Survival Challenge on December 17. Players will have to collect coins and survive in "extreme challenges." The player with the highest score will be declared the winner and earn one million dollars.
CryptoBlog n.952
Interactive platform builder LGND.iо has partnered with Polygon and Warner Music to create a Web3 music platform called LGND Music. LGND Music will support digital collectibles from any blockchain in the proprietary player, allowing users to play their music digital collectibles on the go. LGND will be released to the public in January 2023. With this release, the potential for music to integrate into the Web3 ecosystem seems promising.
CryptoBlog n.951
???? SushiSwap CEO reveals DEX lost $30M on LP incentives this year According to a new tweet by SushiSwap CEO Jared Grey, the decentralized exchange (DEX) experienced a $30 million loss over the past 12 months on incentives for liquidity providers (LPs). As explained by Grey, SushiSwap currently employs a token-based emission strategy to incentivize LPs, but the current rate is “unsustainable.”Moving forward, Grey plans to rework SushiSwap’s tokenomics so that LPs are no longer subsidized with emissions and redesign the entire model of bootstrapping liquidity on the exchange. “In Q1 2023, we will bring innovation to scale swap volume & prioritize TVL. As LPs experience a more profitable swap experience, others should migrate to Sushi,” wrote the DEX executive.