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English actress Maisie Williams, who played the character Arya Stark in the American fantasy drama TV series Game of Thrones (GOT), has revealed she is considering becoming a Bitcoiner on social media.

Origin Dollar, a stablecoin project that helps users earn yield, has sustained a re-entrancy attack resulting in the loss of $7 million, including over $1 million deposited into the protocol by its founder and employees.

Cryptocurrency asset manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust product, GBTC.

Sponsored: Heartstrings and Shanghai Nights are the two striking new games developed by the CryptoSlots team. The crypto casino’s inventive Mega Matrix series has grown remarkably since launching nearly a year ago, with 23 unique slots now in the roster.

Top stories in the Crypto Roundup today:

  • Games of Thrones Actress Maisie Williams Is Considering Becoming a Bitcoiner
  • Yield Generating Platform Origin Dollar Exploited for $7 Million
  • Grayscale Investments Now Holds Over 500,000 BTC in its Bitcoin Trust
  • Sponsored: CryptoSlots Expands Their Game Selection with 2 New Provably Fair Games

 
24 hours chart of the price of BTC
 

Games of Thrones Actress Maisie Williams Is Considering Becoming a Bitcoiner

 

English actress Maisie Williams, who played the character Arya Stark in the American fantasy drama TV series Game of Thrones (GOT), has revealed she is considering becoming a Bitcoiner on social media.

 Williams is an internet entrepreneur, having “jointly developed and co-launched the social media platform Daisie, a multi-media networking app designed to be an alternative means to help artists and creators (especially those who are trying to get started) in their careers.”

Through a recent Twitter poll, Maisie asked her 2.7 million followers if she should become a Bitcoiner with the question “should I go long on bitcoin?”

Prominent figures like Tesla CEO Elon Musk, Digital Currency Group founder Barry Silbert, and billionaire investor Mike Novogratz responded to Maisie’s question, with some pointing to potential investments she could do.

 
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Yield Generating Platform Origin Dollar Exploited for $7 Million

 

Origin Dollar, a stablecoin project that helps users earn yield, has sustained a re-entrancy attack resulting in the loss of $7 million, including over $1 million deposited into the protocol by its founder and employees.

The price of the project’s native token, OUSD, is down 85% since the attack and deposits have been disabled. Origin urged users not to buy the token on decentralized exchanges Uniswap and SushiSwap as their prices don’t reflect the token's underlying assets.

OUSD is backed by USDT, USDC, and DAI deposits and designed to act as a savings account. The recent attack used flash loans and flaws in the platform’s contracts to initiate a “rebase,” which artificially inflated the supply of OUSD before swapping newly printed tokens on SushiSwap and Uniswap for USDT.

In an email sent to CoinDesk Josh Fraser, co-founder of the Origin Protocol said the platform isn’t going anywhere and will “be working to rebuild.”

 
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Grayscale Investments Now Holds Over 500,000 BTC in its Bitcoin Trust

 

Cryptocurrency asset manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust product, GBTC.

According to a post from Grayscale, the firm holds $8.35 billion worth of bitcoin, equating to 2.69% of the flagship cryptocurrency’s circulating supply. Chainalysis estimates that around 3.7 million BTC have been lost, which would put Grayscale’s holdings above 3%.

The Grayscale Bitcoin Trust has been accumulating bitcoin rather aggressively so far this year, with the amount of BTC it holds increasing by almost 50% in the last six months. Last week the firm reported its largest-ever weekly inflow of 15,907 BTC.

Investors buy GBTC in order to gain exposure to the cryptocurrency without having to manage a cryptocurrency wallet and its private keys.

 
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Is Impermanent Loss Overblown?

 

The use of decentralized exchange has been surging this year, with automated market makers (AMMs) like Uniswap, Balancer and Curve accounting for a significant portion of the trading volume. These rely on liquidity providers – users depositing funds to facilitate trades.

Large price fluctuations are a risk for investors in these markets, who earn a part of the trading fees charged according to the capital they allocate to them. Their bet is that there will be enough trades to generate fees that compensate for potential losses.

The above image focuses on the largest pools in terms of volume deposited that have existed for at least 30 days. These all belong to Uniswap. To earn a share of the fees investors need to supply an equivalent value of the two assets in a given pool. For ETH-DAI, for example, investing $100 worth of ETH would mean $100 of DAI would also need to be supplied.

Impermanent loss refers to how much investors would lose at a current point in time if they withdrew their money from a pool where the price of one of the assets went down. This loss becomes permanent as soon as investors withdraw their funds. 

Most traders pick pools that have a higher trading volume, with pools combining a stablecoin and an asset likely to appreciate being the most desirable.

 
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CryptoSlots Expands their Game Selection with 2 New Provably Fair Games

October 21, 2020 – Heartstrings and Shanghai Nights are the two striking new games developed by the CryptoSlots team. The crypto casino’s inventive Mega Matrix series has grown remarkably since launching nearly a year ago, with 23 unique slots now in the roster. 

Players old and new can claim $100 cash top ups, 70% matches, and more this week, in celebration of this double launch. 

Shanghai Nights spins an Asian fairytale with dragons, lanterns, and colorful characters. The large grid makes way for a multitude of winning chances, with Expanding Wilds and a Free Spins game. During bonus rounds, win multipliers can increase your bounty by up to 3x after winning spins. Bet from $0.20 to $6 – the cheapest ticket to Shanghai you will ever find!

Heartstrings is romantic in theme, with unusual heart-shaped reels and a pink neon lovestruck sign. Double Wild symbols maximize wins and recurring Mystery bonuses appear to boost wins with surprise multipliers. Bet from $0.60 to $6 to play and set your heart beating to the tune of crypto winning. 

Both games are Provably Fair, as with all games at CryptoSlots. Deposit in Bitcoin, Monero or Litecoin to play. Payments are immediate and secure, so players remain anonymous. 

Bonuses available until October 25th, 2020:

Code: HEARTSTRINGS = cash top ups from $10 - $100 (depending on your deposit)
Valid for play on Heartstrings 4x per day, wager 35x

Code: SHANGHAI = 70% match bonus
Valid for play on Shanghai Nights 1x per day, wager 35x

Code: MEGAMATRIX = 30% match bonus
Valid for play on all Mega Matrix slots 3x per day, wager 35x

Slotland Entertainment launched CryptoSlots in 2018 to offer players an environment in which to play safely and securely with cryptocurrencies. Slots, Keno, Video Poker and a unique $1,000,000 jackpot slot are available. Only an email address is required to sign up, and members are treated to regular rewards, Jackpot Tokens and tickets for the monthly Crypto Lotto. 

 
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