Category Archives: Vitalik Buterin
Apple Executives Fall Victim to Fake Tim Cook Account on Instagram – OPP.Today
Several high-ranking Apple executives, including Lisa Jackson and Alan Dye, were found to be following a suspicious Instagram account that claimed to be Tim Cook, the CEO of Apple. The account, with the username @tim.d.cook, surfaced in July 2023 and gained attention after posting content related to Apples CEO. The first post featured high-quality photographs taken with an iPhone, followeda promotional video for a campaign in collaboration with 3DPets. However, sources familiar with the matter confirmed that Cook had no association with the account.
The fake Instagram account appeared credible due to its resemblance to Cooks reserved and professional demeanor on Twitter, where he does not typically engage in personal content sharing. This incident highlights the issue of impostor accounts on social media platforms and the potential harm they can cause. It is particularly concerning given the recent controversies surrounding Twitters transformation into X under Elon Musks ownership.
Impersonation accounts pose a significant risk, as demonstrateda previous case where an imposter account claimed to be Ethereum co-creator Vitalik Buterin. This account engaged with over 570,000 users through sponsored ads and a staking scam. The imposter account had several posts and used Buterins display image and a link to his blog to appear authentic. Similar impersonation issues have also plagued Elon Musks Twitter account, leading to delays in the relaunch of Twitter Blue until preventative measures could be put in place.
These incidents emphasize the importance of ensuring the authenticity of social media accounts, especially those belonging to high-profile individuals. Users should exercise caution when engaging with accounts claiming to be well-known personalities and verify their legitimacy through official sources. Social media platforms also need to implement stricter measures to detect and prevent impersonation accounts to safeguard users from potential scams and misinformation.
Sources: Top Apple execs tricked into following a fake Tim Cook account on Instagram 9To5Mac Metas AudioCraft, Apples Investment, Cortanas Demise And More: AI Round-Up This Week Benzinga
Here is the original post:
Apple Executives Fall Victim to Fake Tim Cook Account on Instagram - OPP.Today
Ethereum Co-founder Vitalik Buterin Shares Insights on Sam Bankman-Fried’s Reputation – Cryptonews
Source: ShutterStock
Ethereum co-founder Vitalik Buterin has revealed that a larger section of the crypto community did not respect Sam Bankman-Fried as depicted by the mainstream media.
Buterin has been a long critic of Bankman Fried since the collapse of the latters digital asset exchange, FTX, and has made new revelations concerning the matter.
Speaking in a podcast interview with Sriram Krishnan and Aarthi Ramamurthy, Buterin spoke on the reputation of SBF, how the sector continues to recover from the infamous scandal, and the growth of Artificial Intelligence (AI).
According to Buterin, the crypto industry had reservations about SBF from the beginning although no one expected $8 billion to go into thin air.
I think a lot of people have this misconception that everybody deeply respected Sam and that he caught the entire ecosystem by surprise but if you're looking at Ethereum influencers like Anthony Sassano, a lot of them disrespected him and FTX from the beginning."
The main reason for Buterins judgment was SBFs inability to project the cause of cryptocurrencies and related technologies without financial benefits.
He was just not able to articulate a vision of why crypto was goodhe just clearly saw it as purely a business opportunity. It's like, 'Oh, hey, crypto is this thing where you can make money, he added.
Recall that after the collapse of FTX, Buterin noted that people were mostly drawn to the marketing of FTX which he compared to the 1930 dictators adding that cryptocurrencies are more than the lifestyle and brands of the company.
Buterin also spoke on the rapid development of AI in several industries including cryptocurrencies hailing the level of adoption so far.
According to him, AI would help human capabilities in the workspace and should be embraced at this stage citing the example of ChatGPT.
"I think one of the positive aspects of this is that I think it's a good example of how, instead of AI killing 30% of the jobs, which would be catastrophic and terrible, it's like, AI is killing 30% of your job, which is an amazing time saver.
He touched on the ability of AI to disrupt the creative space including the production of movies in Hollywood. Although he stated that he doesnt want to see artists get replaced, he added that he would love to see an author easily produce a movie with the numerous tools provided by AI.
I would want to see the cost of making a movie go down from $100,000 to one person with basically just his creativity and a couple of months with an AI platform."
See the article here:
Ethereum Co-founder Vitalik Buterin Shares Insights on Sam Bankman-Fried's Reputation - Cryptonews
Ethereum’s Vitalik Buterin: Crypto Community Never Really Respected Sam Bankman-Fried – Decrypt
Ethereum co-founder Vitalik Buterin said the crypto community had reservations about Sam Bankman-Fried and FTX from the beginning, despite Bankman-Fried's high profile in the mainstream media as an industry leader.
"I think a lot of people have this misconception that everybody deeply respected Sam and that he caught the entire ecosystem by surprise," Buterin said in a podcast interview with Sriram Krishnan and Aarthi Ramamurthy. I think it is true that nobody expected a literal $8 billion blow up, but if you're looking at Ethereum influencers like Anthony Sassano, a lot of them disrespected him and FTX from the beginning."
Krishnan and Aarthi interview founders, CEOs, and film makers on their eponymous podcast, which featured Buterin last month.
Buterin went on to explain that many in the crypto ecosystem were suspicious of Bankman-Fried because he seemed unable to articulate a coherent vision for why cryptocurrency technology was valuable.
"He was just not able to articulate a vision of why crypto was goodhe just clearly saw it as purely a business opportunity," Buterin recalled. "It's like, 'Oh, hey, crypto is this thing where you can make money.'"
Buterin contrasted Bankman-Fried's outlook with the cypherpunk values and decentralization goals that initially animated Bitcoin, Ethereum and other blockchain projects, saying the disgraced entrepreneur was just "regurgitating other people's perspectives of 'disintermediation is good, creating more open markets is good'things that have been said by influencers for years."
"He just, I think, never really struck the community as a person who deeply believed it," he said. "That more than anything else might really be the cause of the mistrust that existed already."
The Ethereum founder also touched on the rapid progress of artificial intelligence systems like ChatGPT, expressing optimism about their potential to augment human creativity rather than fully replace human jobs and talents.
"I think one of the positive aspects of this is that I think it's a good example of how, instead of AI killing 30% of the jobs, which would be catastrophic and terrible, it's like, AI is killing 30% of your job, which is like actually an amazing time saver," Buterin said.
He acknowledged that more jobs will be lost as AI approaches full human capabilities, but that for now, AI is something to be embraced.
"At this stage one, the last section of the sprint's to human level AI, that aspect of things is interestingit's empowering people with more than replacing people, at least so far," Buterin said.
He also suggested that powerful AI tools like image generators could help individual creators make films and other artistic works without the need for an expensive Hollywood-style production.
"The thing happening that we don't want to see is artists getting replaced; the thing that I wants to see is an author, instead of just being able to write a novel, also being able to personally make a movie," Buterin said. "I would want to see the cost of making a movie go down from $100,000 to one person with basically just his creativity and a couple of months with an AI platform."
In his view, disrupting Hollywood would be a good thing.
"We get away from all of these horrible remixes, like, Marvel fights King Kong with a touch of Star Trek versus Star Wars on the side, " he said. "Get to actual real stories reflecting different people's values."
"That enhancement of existing individual creativity, that excites me," Buterin told his hosts.
Indeed, the Ethereum founder positioned AI as one of the most significant developments in all of history.
"This human to superhuman AI transition, that level of transition, I would argue has only happened basically three or four times in the history of the Earth," he said.
But Buterin also acknowledged the need for more research and potentially some limited regulation around advanced AI to address possible risks down the line. He emphasized that any rules should be narrowly targeted rather than sweeping bans that would hinder innovation.
"I see these really compelling arguments from the AI risk people. But then, like, we have a yet a long, multi 100 year history of people predicting all kinds of really awful consequences to the next wave of technology. What's happened, over and over again, for centuries, is we adapt."
Editors note: This article was written with the assistance of AI. Edited andfact-checkedbyRyanOzawa.
More here:
Ethereum's Vitalik Buterin: Crypto Community Never Really Respected Sam Bankman-Fried - Decrypt
Vitalik Buterin reveals Crypto Community Never respected SBF – Crypto Times
The co-founder of Ethereum, Vitalik Buterin said that the crypto community had reservations about Sam Bankman-Fried and his cryptocurrency exchange, FTX. But the mainstream media paid attention to him as an industry leader due to his high-profile image.
Recently, Buterin had a podcast interview with Sriram Krishnan and Aarthi Ramamurthy. In an interview, he said, I think a lot of people have this misconception that everybody deeply respected Sam and that he caught the entire ecosystem by surprise,
I think it is true that nobody expected a literal $8 billion blow up, but if youre looking at Ethereum influencers like Anthony Sassano, a lot of them disrespected him and FTX from the beginning, he added.
Buterin continued by saying that many people in the cryptocurrency community had doubts about Bankman-Fried since he seemed to have a clear vision of why cryptocurrency technology was valuable.
He was just not able to articulate a vision of why crypto was goodhe just clearly saw it as purely a business opportunity, Buterin recalled. Its like, Oh, hey, crypto is this thing where you can make money.'
Buterin differed Bankman-Frieds outlook with the foundational principle of cypherpunk ideology and decentralization goals which support projects like Bitcoin and Ethereum, Buterin underscores a misalignment in values.
He just, I think, never really struck the community as a person who deeply believed it, he said. That more than anything else might really be the cause of the mistrust that existed already.
The interview clarifies the complexity of the cryptocurrency industry, where well-known people and initiatives can generate conflicting responses from the community. Buterin also gives a deeper understanding of the ethos and values of the crypto space which is essential for building trust.
Also Read: Unseen Portrait of Vitalik Buterin Auction as NFT
Link:
Vitalik Buterin reveals Crypto Community Never respected SBF - Crypto Times
Argentina opens investigation into Worldcoin amid the growing … – Cryptopolitan
Description
The government of Argentina has informed Worldcoin that it has launched an investigation into its data collection activities in the country. The Public Information Access Agency (AAIP), the countrys data regulator, sent a letter to the Worldcoin Foundation requesting information on how the organization handles the personal information of Wordcoin users. Argentina has had it Read more
The government of Argentina has informed Worldcoin that it has launched an investigation into its data collection activities in the country. The Public Information Access Agency (AAIP), the countrys data regulator, sent a letter to the Worldcoin Foundation requesting information on how the organization handles the personal information of Wordcoin users.
Recently, the government of Argentina announced that it is investigating how Worldcoin [WLD], the blockchain project founded by OpenAIs Sam Altman, handles personal data.
Last week, Daniel Monastersky, a partner at Data Governance Latam and the Director of the Centre for Studies in Cybersecurity and Data Protection at the CEMA University in Buenos Aires, submitted a complaint to the Agency for Access to Public Information of Argentina (AAIP). AAIP is an Argentine data auditor organization.
The AAIP stated its intention to investigate the security protocols in place to protect the privacy of Argentine Worldcoin users.
According to the agency, the case has gained notoriety in recent weeks due to the practice of scanning the faces and irises of numerous individuals in exchange for monetary compensation at various locations in Buenos Aires City and the provinces of Buenos Aires, Crdoba, Mendoza, and Rio Negro.
According to the AAIP, a company like Worldcoin is required to register with the AAIP, provide information about its data processing policy, and specify the reason for collecting sensitive data and the length of time it will be stored.
In addition, the agency requires information regarding the security and confidentiality measures implemented to protect sensitive data. The AAIP has not confirmed whether or not Worldcoin conforms to the standards.
Worldcoin has recently been scrutinized by various administrations. Kenyas Ministry of the Interior suspended Worldcoins operations last week, and on Saturday, Kenyan police raided Worldcoins Nairobi warehouse, seizing documents and machinery. Worldcoins verification operations in Kenya have been suspended since August 2.
Sam Altman, one of the co-founders of the Worldcoin project, has stated publicly that its goal is to register 2 billion people. However, the project has gained opposition in several countries due to its intrusive personal data requirements, such as scanning the irises of users to verify their identities.
Argentina is the most recent nation to investigate the operations of the Worldcoin Foundation. Additionally, French and Bavarian data regulators are on the cutting edge of data treatment procedures.
Critics contend that the companys disclaimer regarding biometric data raises concerns regarding the lack of control consumers have over the subsequent use of their data.
Argentina requests that the organization detail the security and confidentiality measures it employs to safeguard the personal information of Argentine citizens.
Vitalik Buterin, the co-founder of Ethereum [ETH], previously expressed his thoughts on the project. He stated that the privacy and moral concerns expressed about the project could be legitimate. However, he also emphasized the significance of the projects proof of personhood because it appeared to solve the spamming issue.
ZachXBT, a prominent on-chain investigator, accused Worldcoin of exploiting individuals from developing nations. ZachXBT stated that the projects verification procedure could result in the creation of black-market accounts.
The value of WLD jumped to $2.15 immediately following its release on July 24. However, since then, it has decreased by nearly 20%. At press time, WLD traded at $1.75 per share.
The rest is here:
Argentina opens investigation into Worldcoin amid the growing ... - Cryptopolitan
XRP Army Outrages Over Joseph Lubin’s Involvement in Hinman … – Crypto News Flash
Digital Art XRP Logo Symbol. Ripple Cryptocurrency Futuristic 3D Illustration.
In the latest controversial revelation, oversight watchdog group Empower Oversight released a new batch of documents for a Freedom of Information Act (FOIA) request. The documents highlight the deeper involvement of Ethereum co-founder Joseph Lubin and his blockchain firm ConsenSys in the crypto speech by former SEC Director of Corporation Finance, William Hinman, on June 14, 2018.
This speech has been a source of disagreement in the Ripple case, particularly because the SEC has stated that other cryptocurrencies, like XRP, were also considered unregistered securities. Ripple attorneys stressed much on the Hinman speech of 2018 during its fight with the SEC, as it noted that assets like Ethereum arent securities. However, the latest details of Lubins involvement have sparked major outrage in the XRP community.
The documents released by the watchdog group reveal that Lubin also appears to have been responsible for bringing Hinman and Ethereum creator Vitalik Buterin together as the speech drafting advanced. Moreover, investors and lawyers closely linked to Ethereum were notably present at a meeting on March 28, 2018, regarding a proposal for a crypto safe harbor.
The documents also show that Hinman had a meeting with Chris Lin, a partner at Simpson Thacher, which goes against advice on conflicts of interest rules. The SEC Ethics Office had warned Hinman multiple times because he was receiving millions of dollars from Simpson Thacher while working at the SEC.
Empower Oversight has been leading the fight for more transparency at the SEC. They have filed many requests and lawsuits under the Freedom of Information Act (FOIA) to make the SEC release documents related to their decisions about cryptocurrency matters.
Follow us for the latest crypto news!
The news has sparked reactions among XRP supporters. In a tweet yesterday, Crypto-Law.US pointed out that the newly disclosed emails show how Lubin influenced Hinmans decision to title his speech The Ether Speech.
As a response, Attorney John Deaton, the founder of Crypto-Law.US, shared how Hinman lied during his deposition in the Ripple lawsuit. Hinman had claimed that he never discussed the content of his speech with anyone outside the SEC before June 14. However, the Hinman documents revealed that he had a meeting with Buterin a week before his speech on cryptocurrencies.
Fred Rispoli, a lawyer at HODLaw, praised the efforts of Empower Oversight, tweeting, Great job Empower Oversight. SEC never expected these documents to be made public
Similarly, Digital Asset Investor.XRP also questioned the double standards noting: Why was Bill Hinman doing backflips to accommodate Joseph Lubin and Vitalik Buterin while at the same time giving Brad Garlinghouse the run-around with the help of Jay Clayton and even coming back to the SEC after he left to make sure the Ripple lawsuit went through?
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Excerpt from:
XRP Army Outrages Over Joseph Lubin's Involvement in Hinman ... - Crypto News Flash
5 Cryptos Forecasted to Burst in 2023: Ethereum, InQubeta, Filecoin, Aave, and Cardano | Bitcoinist.com – Bitcoinist
Discover the five cryptocurrencies poised for explosive growth in 2023. From Ethereums decentralized transformation to InQubetas unique AI investment platform, these are the projects at the forefront of the crypto landscape.
Learn about the potential of Filecoins secure storage, Aaves decentralized lending, and Cardanos blockchain interoperability. Stay ahead of the curve in the thrilling world of crypto investment with these rising stars.
InQubeta, the pioneering crypto crowdfunding platform, is transforming the landscape of AI investment. By leveraging blockchain technology and $QUBE tokens, the platform allows fractional investment in AI startups through deflationary ERC20 tokens. InQubetas NFT marketplace further enhances the investment process, providing AI startups with a platform to raise funds and offer reward and equity-based NFTs.
Unlike traditional investment methods, InQubetas approach democratizes AI investment, making it accessible to all. The 2% buy and sell tax that is funneled to a burn wallet ensures the value of $QUBE tokens grows over time. Additionally, a 5% sell tax contributes to a dedicated reward pool, allowing investors to earn rewards by staking their tokens.
By bridging the gap between investors and AI startups, InQubeta fosters a community-driven ecosystem where everyone can contribute to the growth and success of AI technology. The platforms governance token, $QUBE, empowers token holders to propose, discuss, and vote on platform-related decisions, ensuring a transparent and inclusive decision-making process.
Visit InQubeta Presale
Ethereum, often referred to as the world computer, is a decentralized blockchain platform that has paved the way for smart contracts and decentralized applications (DApps). Created by Vitalik Buterin in 2015, Ethereum has become the go-to platform for developers seeking to build and deploy DApps across various industries.
Unlike Bitcoin, which primarily serves as a digital currency, Ethereums main focus is on programmability. Smart contracts, self-executing contracts with predefined rules and conditions, enable developers to create decentralized applications that run autonomously and transparently without any downtime or third-party interference.
Through Ethereums Virtual Machine (EVM), developers can write code in several programming languages, making it highly accessible to a broad developer community. The platforms native cryptocurrency, Ether (ETH), is used to pay for transaction fees and computational services, essential for securing the network and incentivizing miners.
Filecoin is a decentralized storage network designed to provide a secure, efficient, and reliable solution for data storage and retrieval. Created by Juan Benet, the Filecoin protocol leverages blockchain technology to create a marketplace where users can buy and sell storage space and incentivize network participants to contribute their unused hard drive space.
The networks core concept revolves around Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt), ensuring that miners store the promised data and make it available when requested. These protocols make Filecoin highly resistant to data loss and tampering, creating a trustworthy and censorship-resistant storage ecosystem.
Filecoins unique combination of blockchain technology and decentralized storage solutions has found application in various fields, including data storage for decentralized applications, content distribution, and long-term data archiving. It empowers users to take control of their data, promoting privacy and data ownership in an era where centralized data storage has raised concerns about security and control.
Aave is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, providing users with lending and borrowing opportunities in a trustless and transparent environment. Founded by Stani Kulechov, Aave (meaning ghost in Finnish) originally started as ETHLend and later evolved into one of the leading DeFi platforms in the market.
Aave allows users to deposit their assets into liquidity pools, from which other users can borrow by collateralizing their own assets. The protocol dynamically adjusts interest rates based on supply and demand, ensuring that borrowers and lenders interact at competitive rates.
One of Aaves standout features is the introduction of flash loans, enabling users to borrow assets without collateral as long as the loan is repaid within the same transaction. This innovative feature has opened up new possibilities for arbitrage opportunities and efficient capital allocation within the DeFi space.
Cardano, founded by Charles Hoskinson, is a third-generation blockchain platform that places a strong emphasis on research-driven development and peer-reviewed academic rigor. Launched in 2017, Cardano has since grown into a platform known for its scalable and sustainable approach to blockchain technology.
Cardanos unique architecture is based on two layers: the Cardano Settlement Layer (CSL) for handling transactions and the Cardano Computational Layer (CCL) for executing smart contracts and applications. This separation allows for more flexibility in system upgrades and enhances security and scalability.
The platform uses a proof-of-stake consensus mechanism, allowing users to participate in the networks security and governance through staking. Its native cryptocurrency, ADA, is used for transactions, staking, and participating in the platforms governance model.
InQubeta, Ethereum, Filecoin, Aave, and Cardano are poised to make significant strides in 2023, transforming the world of AI investment and blockchain technology. As they continue to grow and invent, investors can look forward to a future where AI technology thrives, and new possibilities emerge through the power of crypto and blockchain.
Visit InQubeta Presale
Join InQubeta Communities
Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Continued here:
Bitcoin Spark Gains Traction Amongst Shiba Inu And Dogecoin Investors – Benzinga
Bitcoin stands as the undisputed king, but other altcoins and meme coins like Shiba Inu and Dogecoin are an integral part of the crypto market. The rise of Bitcoin Spark, a new and promising cryptocurrency, has created a buzz among SHIB and DOGE holders. This article will delve into the intricacies of Shiba Inu and Dogecoin, explore the potential of Bitcoin Spark, and examine why it's garnering attention from investors of these popular altcoins.
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Often referred to as Dogecoin's nemesis, Shiba Inu represents a decentralized digital currency that came into existence in August 2020. Inspired and named after the Japanese breed of Shiba Inu dogs, this alternative coin was initially dismissed as a mere mockery within the cryptocurrency fraternity. However, its strong community backing coupled with immense growth prospects quickly garnered attention.
Shiba Inu is built upon Ethereum's blockchain technology and employs the ERC-20 token standard. The originators of Shiba Inu adopted an unconventional route for its distribution strategy - half of the total supply was securely locked in Uniswap to assure decentralized exchange liquidity while the remaining portion was donated to Ethereum co-founder Vitalik Buterin who then burned a substantial amount. This action effectively shrunk the available tokens thereby enhancing their scarcity.
From simple origins, Shiba Inu has witnessed tremendous popularity surge particularly amongst everyday investors. Its appealingly low price combined with ample availability places it as an enticing investment option for those desiring portfolio diversification via potentially lucrative altcoins. This remarkable growth trajectory paired with rising investor curiosity has solidified Shiva Inu's standing amidst the unpredictable landscape of digital currencies.
Dogecoin, a renowned meme cryptocurrency, was brought to life in 2013 by tech engineers Billy Markus and Jackson Palmer. The creation was motivated by the viral "Doge" Internet meme involving a Shiba Inu dog, and Dogecoin sprang up as an amicable and light-hearted digital currency.
Operating on its blockchain influenced by Litecoin's blockchain infrastructure, Dogecoin uses the Scrypt algorithm for its Proof-of-Work consensus protocol. With infinite availability of coins and over 130 billion units in circulation already, it is favored for microtransactions and web-based tipping due to minimal transaction costs and swift approval times.
Despite its humorous inception, Dogecoin has managed to earn substantial credibility within the crypto sphere owing to endorsements from high-profile personalities like Elon Musk and Mark Cuban. Its commitment towards community-driven ideals along with escalating usability has solidified Dogecoin's position among both novice investors as well as expert traders. This surge of adoption combined with increasing practicality makes this digital coin a popular investment choice.
The advent of Bitcoin Spark has created a stir among Shiba Inu and Dogecoin investors. Dubbed as the "next big thing" in crypto, Bitcoin Spark offers the enticing prospect of buying Bitcoin again at $1, metaphorically speaking. This new cryptocurrency aims to provide a more efficient, secure, and user-friendly platform for transactions and investments.
Bitcoin Spark operates on its blockchain, ensuring faster transaction times and enhanced security. It uses a unique consensus mechanism that eliminates the need for expensive and energy-consuming mining processes, making it more environmentally friendly than its counterparts, including Bitcoin. It uses a hybrid consensus mechanism called Proof-of-Process (PoP) that combines the benefits of PoS and PoW.
At the core of Bitcoin Spark's appeal is its potential for massive growth. Its low initial price and limited supply create an environment ripe for exponential growth, reminiscent of the early days of Bitcoin. This potential, coupled with its advanced features and robust security, make Bitcoin Spark an attractive investment for those looking to capitalize on the next big cryptocurrency boom.
To conclude, while Shiba Inu and Dogecoin sustain their growing appeal, the advent of Bitcoin Spark unfolds an intriguing prospect for investors. The blend of its growth potential and cutting-edge attributes makes it a compelling option for individuals aiming to broaden their assortment of digital currencies.
For more information:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice.Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Visit link:
Bitcoin Spark Gains Traction Amongst Shiba Inu And Dogecoin Investors - Benzinga
Decoding Ethereum Price Movements: What Traders Should Know | Mint – Mint
When the then-19-year-old Vitalik Buterin released the Ethereum whitepaper in 2013, his vision made sense to less than 30 people. A decade later, the once-novel idea has grown into a revolutionary force reshaping the world of finance and technology in unimaginable ways. As the second-largest cryptocurrency by market capitalization, Ethereum is truly in its own league.
When the then-19-year-old Vitalik Buterin released the Ethereum whitepaper in 2013, his vision made sense to less than 30 people. A decade later, the once-novel idea has grown into a revolutionary force reshaping the world of finance and technology in unimaginable ways. As the second-largest cryptocurrency by market capitalization, Ethereum is truly in its own league.
To the unfamiliar, Ethereum is a decentralized blockchain platform that creates and executes smart contracts. This has birthed an entire ecosystem comprising thousands of groundbreaking decentralized applications or dApps, such as DeFi protocols, NFT marketplaces, identity solutions, and gaming platforms, to name a few. Ethereum uses Ether, ETH, as the native token for interactions on the network. ETH is currently the second-largest crypto by market capitalization.
To the unfamiliar, Ethereum is a decentralized blockchain platform that creates and executes smart contracts. This has birthed an entire ecosystem comprising thousands of groundbreaking decentralized applications or dApps, such as DeFi protocols, NFT marketplaces, identity solutions, and gaming platforms, to name a few. Ethereum uses Ether, ETH, as the native token for interactions on the network. ETH is currently the second-largest crypto by market capitalization.
Subscribe to Continue Reading
However, like other cryptocurrencies, the Ethereum price has been on a wild roller coaster over the past few years, and it seems like the worst isnt over yet. According to Yahoo! Finance, a bipartisan bill seeking to regulate DeFi like a bank has been tabled to the US Senate. This bill has a lot of implications for Ethereum because much of what happens on the platform has to do with DeFi, building decentralized exchanges, and creating lending and borrowing protocols. If it passes, it will automatically affect the entire ecosystem, limiting what users can and cant do on the Ethereum network in the future.
Some positive developments on the network have also impacted the Ethereum price in recent months, such as the Merge. On 22 September 2022, Buterin informed the world via Twitter that Ethereum had finalized the switch from proof of work to proof of stake. This was made possible by joining Ethereum with the proof of stake blockchain called the Beacon chain in what is now known as the Merge. This merger made the network more secure, faster, and sustainable. Upon completion of the Merge, Ethereum reduced its energy consumption by 99.95%, making it a green blockchain and attracting many climate-conscious investors.
Beyond the sustainability aspect, the greatest achievement of the Merge was what it did for Ethereums issuance. Unlike other cryptocurrencies, Ethereum doesnt have a cap on its supply. This means the number of coins in circulation can double at any time, leading to more demand and lower prices. Before the Merge, there were about 13,000 ETH minted every day. Today that has dropped to only 1,600 per day, a 90% drop in pre-Merge issuance. Per Ethereums roadmap, the platform has 5 more developments in the pipeline aimed at lowering the gas fees, improving scalability, reducing decentralization risks, and reducing computational costs of running nodes.
With the past developments and future plans, Ethereum will most likely hold strong for the foreseeable future. Looking back, Ethereum reached its all-time high price of $4,847 on 10th November 2021, when the circulating supply was about 118 million, and its market cap was $576 billion. By 25th July 2023, the Ethereum price stood at US$1,853.44, with a circulating supply of 120.23 million and a market cap of $222.83B.
In terms of tokenomics, the Ethereum supply has only gone up slightly since its last bull run, and should the trend hold, there will be about 118 million ETH in circulation by November 2025. If it maintains its dominance in the market during the peak of the last bull run, Ethereum will hold 22.4% of all the money in crypto. To predict the price, we just have to divide Ethereums market cap by the circulating supply. So, if the market cap of all crypto rises to 10 trillion, Ethereum would hold $2.24 trillion, and one ETH would cost $18,983. However, other factors can affect the markets volatility and Ethereums dominance in the industry, so investors should be ready for anything.
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.
The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
See more here:
Decoding Ethereum Price Movements: What Traders Should Know | Mint - Mint
Frens Forever? Building a Social Graph on Bitcoin With Ordinals – Decrypt
A friendly new protocol has just dropped on the ever-expanding Ordinals ecosystem. Dubbed .frens, the project brings the social aspect of Bitcoin onto its immutable blockchain.
Spawning from the decade-old meme term frenwhich means friendthe .frens protocol is designed to build a social graph on Bitcoin where users declare their social connections via Ordinals Inscriptions.The protocol also relies on an indexing feature that creates a reputation score depending on how many interactions a particular address hasa measure of social capital.
The protocol shares its name with many other unrelated projects, including a Fren Protocol deflationary pepecoin token, a Frens Protocol oracle API, and a Frenz NFT metaverse. But the .frens protocolwhich relies on the Ordbit inscription serviceis the only one focused on social connections.
Making friends and networking is key in real life and the digital domain, said the protocols pseudonymous creator, Doggfather, with the latter type of interaction mostly happening on Twitter. He explained to Decrypt, however, that on the centralized Twitter platform, accounts and handles get seized daily, proving that you dont own your network or audience on Web2 platforms.
For Doggfather, the new .frens protocol ecosystem is a way to use Ordinals to come closer to the Web3 ethos of a decentralized social network on Bitcoin. As he told Decrypt, you own your .frens soulbound token.
Vitalik Buterin once proposed Soulbound Tokens (SBT), a non-transferable token that represents credentials and affiliations within DeSocdecentralized societyand are linked to Souls, a type of address that establishes provenance.
Doggfather uses the same vernacular as Ethereums creator, writing in his exhaustive and elaborate .frens guide that Soulbound tokens are blockchain-based tokens representing a persons characteristics, features, traits, and achievements.
He contrasts them with Non-Fungible Tokens (NFTs), delineating that these cannot be transferred from your soul, or wallet.
According to Jake Gallen, head of NFT strategy and product at Emblem, introducing .frens as SBTs on Ordinals means they are absent of speculative principles. He told Decrypt that it's going to take some time for it to become adopted but has the ability to be a cornerstone protocol of the non-financialized sector of Ordinals.
The use-cases are plentiful, Doggfather said.
Once the .frens network reaches a critical network size, it will become a robust reputation signal to the Ordinals and Bitcoin community," he explained. Users with high .frens scores will have cheaper DeFi loans, need to pledge less collateral, and their Ordinals collection drops will achieve better primary and secondary market outcomes."
Although the .frens protocol remains in private beta, allowing Doggfather and his team to sort out the kinks and test the network, the creator predicts a bullish trend for anything Ordinals-related.
Whether it's the .frens protocol, metaverse projects, or digital identities, these projects will outlive us, he told Decrypt. We are experiencing history in the making.
Go here to read the rest:
Frens Forever? Building a Social Graph on Bitcoin With Ordinals - Decrypt