In celebration of the 100th issue of Snapshot, we’re excited to announce an awesome Crypto.com Swag Pack Giveaway! For a chance to win, find 5 Easter eggs hidden in this issue or send us your best #CryptoIRL pic.
The Easter eggs are 5 emoji or emoji combos of crypto terms we have introduced our readers to over the past 99 Snapshot issues. They are hiding throughout the text and images of this issue, so keep your eyes peeled. Or, get creative and join the #CryptoIRL photo contest.
Submit your entries and find more details at the end of this article. Terms & Conditions apply. Happy hunting and snapping!
Also, don’t miss hearing about all the latest and greatest at Crypto.com from our CEO, Kris Marszalek! Earlier this week, Kris hosted his latest live AMA, fielding questions regarding the newest launches and innovations for users, what’s to come next, and many other exciting topics. Watch the replay here.
Market Spotlight
Note: Market prices captured in US$ at the time of reading. Explore more on Crypto.com/Price.
News Snaps
Introducing Amy, Crypto.com’s AI-Powered User Companion
As its latest example of pioneering innovation, this week Crypto.com introduced its artificial intelligence (AI) user companion, Amy. Intended to serve as a crypto expert resource for the average user, Amy is anchored in deep learning and data to help capture opportunities in the fast-moving crypto sector, helping users learn about the crypto industry with near real-time information about specific tokens and projects, as well as details on price listings and historical events.
Bitcoin Sets New Daily Transaction Record
Alongside continued volatility in the traditional finance and banking sector, on Sunday, April 30, 2023, the Bitcoin network hit a new all-time high for the number of daily transactions processed in its 14-year history.
Crypto.com and Samsung Collaborate
Crypto.com has collaborated with Samsung to introduce an optimized Crypto.com App experience for Samsung Galaxy Z Fold users with the latest App update, which includes enhanced trading and analysis capabilities.
Polygon Fund Launch
Franklin Templeton recently launched a money market fund on the Polygon blockchain, the first US-registered mutual fund to use a public blockchain to process transactions and record share ownership.
Digi ETP in Europe
Galaxy Digital is teaming up with asset manager DWS to develop exchange-traded products (ETPs) for listing in Europe. The ETPs will give European investors 💎👐 access to digital-asset investment through traditional brokerage accounts.
National NFTs in RomaniaRomania’s National Institute for Research and Development in Informatics aims to launch an NFT trading platform, allowing public and institutional users to mint, manage, and trade NFTs.
What’s Ahead
Hong Kong Crypto Update
Hong Kong’s Securities and Futures Commission (SFC) is set to release its cryptocurrency exchange licensing framework in May. Among other decisions, Hong Kong plans to allow retail investors to trade major tokens like Bitcoin and Ether in a new licensing regime for crypto platforms.
Research & Insights
Monthly Feature Article | Bitcoin DeFi and Scaling Solutions
Bitcoin (BTC) is the most recognized and capitalized digital asset, with a market share of approximately 47%. However, only a fraction of it is being utilized in DeFi because of its limited scripting language. With that, there are protocols that aim to improve this by bringing greater programmability and scalability to the network.
Key Takeaways:
- Lightning Network, Stacks, RSK, and Liquid are leading the pack when it comes to Bitcoin-based protocols that bring greater programmability and scalability to the network.
- Lightning Network was designed as a scalability solution for Bitcoin, reducing network congestion by handling BTC micropayments off-chain through payment channels.
- RSK is a Bitcoin sidechain, boasting unique mechanisms like merged mining, Powpeg, and RSK Virtual Machine.
- Liquid is another Bitcoin sidechain, allowing users to transfer BTC to and from the Bitcoin main chain. It operates independently of the Bitcoin network, sporting its own global ledger and consensus mechanism.
Read the full report, exclusive to our Private members. Not a Private member yet? Join by signing up, enrolling in our Crypto.com Exchange VIP Program, or collecting a ’Loaded Lions’ NFT.
NFT Spotlight
In 2025, the AI singularity began. In 2035, the GNR revolution began. In 2045, when humanity’s mind is uploaded and immortality begins — what will your wise choice be?
Thus, with that question to ponder, we enter the world of Korean NFT artist TENMEN, whose latest drop of the TENZ collection, TENZAI, finds us in the TENVERSE — built to protect the immortal soul — as cyborg warriors of 2035. They are a mixture of ‘TENZ’ and ‘AI’ (TENZAI), and have excellent appearance and divine wisdom.
The TENZAI drop features 10 color moods in 750 male/female couples, with TENZAI NFT Giveaways, 🪂 TENZAI Special NFT airdrops, TENZAI Custom NFT airdrops, TENZAI Soft Blanket posters, and Rare ‘TENZAI’ x ‘NIKE’ Sneakers Art Custom NFT airdrop. It drops on May 10.
After the death of the body, before entering the multidimensional world, you are faced with an important choice: After your first death, what roadmap have you prepared?
TENMEN, leaving us with a lot to ponder
TENVERSE is everywhere you can imagine. Are you a TENZAI warrior?
Product Picks
11 New Tokens on Target Price Orders
NUM, BLUR, FLOKI, and more have just been added to Target Price Orders in the Crypto.com App. With Target Price Orders, you can now automate orders at your preferred price without having to monitor the market. Set your Target Price Orders now.
Crypto.com DeFi Wallet Integrates WalletConnect v2.0
With the integration of WalletConnect v2.0, users can now connect to thousands of dapps in an experience that is faster and more streamlined, greatly expanding the number of dapps that work with DeFi Wallet. In addition, this latest update for DeFi Wallet comes with a slew of user experience enhancements when connecting to dapps. Find out more here.
Crypto Level Up
Crypto.com’s Referral Bonuses 🚀
In our debut Snapshot issue, we taught you how to refer your friends and family to the Crypto.com App to receive a US$25 bonus. Two years on, this referral bonus is still very much active and unlimited. Simply tap the Refer and Get $25 USD banner at the bottom-right corner of the main menu and you’ll be done in two steps.
But did you know that the Crypto.com Exchange has a referral program, too? Referring a friend takes just seconds, and you stand to receive up to US$2,000 of CRO and 12 months of trading fee commissions per referral made. What’s more, your friend gets to take home up to US$50, as well.
Like the App, there are no limits for the Exchange’s referral program, and the bonuses are credited instantly the moment all qualifying conditions are met. All you need to do is get your unique referral link and/or code under Events & Rewards on the Exchange’s Referral page.
Crypto IRL
As the Lion roams the tall grasses of Spring, it decides to rest, laying down in a field of green and yellow. If you look closely, you’ll notice its distinguishing markings — highlighted by the distinct Crypto.com Jade Green Visa Card — hiding among the shadows. This image of the Lion in its natural environment brought to us by Nature enthusiast @_silverstar88_. Instead of raising a glass, we raise a blade of grass.
Hashtag #CryptoIRL #CROFam and #Snapshot100 with your Crypto.com Visa Card on your social profiles to get featured and for a chance to win a Crypto.com Official Swag Pack! See campaign details here. Terms & Conditions apply.
Decoder
Proof of History
Proof of History (PoH) relies on a fairly new cryptographic concept — Verifiable Delay Functions (VDFs), which are functions that require the running of a specific number of sequential steps to ease the process of verification.
Popularized by Solana (SOL), PoH is comparatively more efficient than many other algorithms, as a VDF can be solved with just one CPU core. Because no parallel processing is permitted, determining how long each step takes becomes simple.
On top of this, PoH eliminates the time barrier with this system and greatly reduces the processing weight of the blockchain. In the case of Solana, PoH is combined with Tower Byzantine Fault Tolerance (Tower BFT) — Solana’s custom implementation of practical Byzantine Fault Tolerance (pBFT) — to ensure a much quicker transaction speed.
This Week in Crypto History
Birth of the Cryptocurrency Faucet
In our very first issue of Snapshot, we detailed how Gavin Andersen launched a Bitcoin (BTC) faucet 🐋 in mid-June 2010. It was his first Bitcoin coding project, and the faucet gave users 5 BTC per address — worth around US$140,000 today. Across the years, approximately 19,700 BTC was distributed to users all over the world.
Today, cryptocurrency faucets still exist, although individuals do need to be cautious when choosing one. The main purpose of reputable faucets is for developers to acquire testnet tokens as they build and refine their dapps.
That’s it for this week’s Snapshot. Want more? Head over to our Insta feed for bite-size crypto lessons.
