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Binance US to Delist HNT Token Ahead of Helium Migration to Solana – BSC NEWS

March 16, 2023 | Author: admin

From identifying new investment opportunities to gaining a deeper understanding of the crypto ecosystem, there are many perks that come with sticking with BSC News.

BNB Chain is quickly becoming one of the most popular blockchain networks for decentralized finance (DeFi) applications, and as such, investors need to stay informed about the latest news and trends related to this network.

Here are a few reasons why staying up-to-date with BSC news is so important:

As more and more projects launch on BSC, investors need to know which ones are worth their time and money. By following BSC news sources, you can stay up-to-date on new project launches and token listings, allowing you to make informed investment decisions.

As with any blockchain network, BSC is constantly evolving and changing. By staying informed about updates to the network, you can ensure that you're taking advantage of new features and optimizations that could benefit your investments.

By keeping an eye on BSC news sources, you can also stay informed about potential risks to your investments. For example, if a new project on BSC is found to be a scam or a security risk, you can take steps to protect your funds before it's too late.

BSC is home to a rapidly growing ecosystem of DeFi applications and projects. For example, you might learn about a new yield farming protocol or a promising new decentralized exchange like biticodes that you can invest in early.

Finally, staying up-to-date with BSC news can help you gain a deeper understanding of the BSC ecosystem as a whole. By following news and analysis from reputable sources, you can learn more about how BSC works, what its strengths and weaknesses are, and how it fits into the broader crypto landscape.

One great source is Bsc.news, a website dedicated to providing up-to-date news and analysis on everything related to BSC. The site covers everything from new project launches and token listings to network updates and market trends, making it a one-stop shop for all your BSC news needs.

In addition to Bsc.news, you can also follow BSC-related social media accounts, such as those run by the Binance team, to stay informed about the latest news and developments. By staying up-to-date with BSC news, you'll be better equipped to make informed investment decisions and stay ahead of the curve in the fast-paced world of cryptocurrency.

Therefore, staying informed about the latest BSC news is essential for any crypto investor looking to stay ahead of the curve. By following reliable news sources like Bsc.news, you can stay up-to-date on new projects, network updates, market trends, and more. This can help you make more informed investment decisions, identify potential risks, and discover new opportunities for growth and profit in the exciting world of crypto.

Now that we've established why it's important to stay informed about BSC news, let's talk about how you can do it. Here are a few tips to help you stay on top of the latest developments:

As mentioned earlier, Bsc.news is a great source of BSC news and analysis. Follow BSC-related social media accounts: In addition to Bsc.news, you can also follow BSC-related accounts on social media platforms like Twitter and Telegram. These accounts can be a great source of real-time updates and news, as well as community-driven insights and analysis.

By joining BSC-related communities on platforms like Reddit or Discord, you can stay informed about the latest news and developments while also connecting with like-minded individuals. Due to the global pandemic, many BSC-related events have gone virtual. Attending these events can be a great way to learn about new projects and network updates directly from the source. Keep an eye out for virtual events hosted by the Binance team or other reputable organizations.

By using these strategies, you can stay informed about the latest BSC news and trends, allowing you to make more informed investment decisions and stay ahead of the curve in the fast-paced world of crypto.

It is important for crypto investors to remember to do their own research before making any investment decisions. While staying informed about the latest news and trends can be helpful, it's also important to take the time to thoroughly investigate any project or token you're considering investing in. This includes researching the team behind the project, analyzing the project's whitepaper, and checking for any red flags or warning signs. By combining your own research with the latest BSC news and trends, you can make more informed investment decisions and minimize your risk in the volatile world of cryptocurrency.

Subscribing to Bsc.news can provide numerous benefits for BNB Chain investors. By subscribing to their newsletter, investors can receive regular updates on new project launches, token listings, network updates, and market trends. This information can help investors make informed decisions about their investments, identify potential risks, and discover new opportunities for growth and profit in the fast-paced world of crypto.

Additionally, Bsc.news provides in-depth analysis and expert insights on the BSC ecosystem, giving investors a deeper understanding of how it works, its strengths and weaknesses, and how it fits into the broader crypto landscape.

Overall, subscribing to Bsc.news can be an excellent way for investors to stay up-to-date with the latest BSC news and trends, allowing them to make more informed investment decisions and stay ahead of the curve in the ever-evolving world of cryptocurrency.

In conclusion, staying informed about the latest Binance Smart Chain (BSC) news is essential for any cryptocurrency investor who wants to stay ahead of the curve. From identifying new investment opportunities and potential risks to gaining a deeper understanding of the BSC ecosystem, keeping up with the latest news and trends is vital for making informed decisions.

Fortunately, there are several ways to stay up-to-date with BSC news, such as bookmarking Bsc.news, following BSC-related social media accounts, joining BSC-related communities, and attending virtual events.

It's also about staying engaged with the vibrant and growing community of investors, developers, and enthusiasts who are driving innovation on this exciting blockchain network. So don't hesitate to get involved and stay informed about the latest BSC news and trends.

Ethereum Killer: How Do Projects Outshine Others for Top Spot … – Cryptopolitan

March 16, 2023 | Author: admin

Ethereum is one of the most popular platforms in the world of cryptocurrency. However, several projects have emerged that are aiming to overtake Ethereum as the leading smart contract platform. These projects, which are often referred to as Ethereum Killers, aim to offer more advanced features, better scalability, and improved security compared to Ethereum.

The term Ethereum killers emerged in 2016/2017 as blockchains such as Cardano rose with the potential to compete with Ethereum. When EOS emerged in 2018, it brought forth something new fast speed and efficiency and an astonishing $4.1 billion raised in funds during the EOS Initial Coin Offering, which was the highest amount ever amassed by a single ICO offering until that time.

Today, EOS is one of the foremost competitors for Ethereums dominance of blockchain technology.

Can there be an Ethereum Killer? The short answer is yes, but its complicated. Despite Ethereum being a powerful platform, it has some major limitations in scalability and transaction fees.

As the popularity of Ethereum continues to grow, these problems become more and more pronounced, leading many developers to look for alternatives that could offer better performance than Ethereum.

Ethereum killers include projects such as EOS, Cardano, Solana, and TRON. Each of these platforms has its own unique features that outshine Ethereum. For instance, EOS has faster transaction times and higher performance than Ethereum.

The blockchain trilemma of scalability, security, and decentralization is something that Ethereum Killers will have to tackle.

The trilemma states it is impossible to optimize all three aspects on a blockchain. Ethereum Killers must prioritize one or two of the aspects and sacrifice the other (s), as there is no way to make all of them work together.

As the technology continues to grow, we can expect projects to continue emerging with the potential to overtake Ethereum as the leading smart contract platform.

It remains to be seen which project or projects will emerge victorious in this race for blockchain supremacy.

There are several factors that set Ethereum apart from its competitors, which make it the most popular smart contract platform in the world. These include:

1. CommunityEthereum has the largest and most active community in the world of cryptocurrency, with millions of users around the globe who have a passion for the project.

2. Developer SupportEthereum has a large, vibrant development community that is pushing forward advancements and innovations to improve the platforms capabilities.

3. Smart contract pioneerEthereum was the first platform to harness smart contract technology, which has revolutionized the way we run applications and opened up a world of possibilities.

4. PopularityEthereums popularity has surged in recent years, with many enterprises and startups building their applications on the platform.

5. ResilienceEthereum has shown its ability to withstand market volatility and is still one of the most valued cryptocurrencies in the world.

These factors, combined with its robust network and wide-reaching community, make Ethereum a formidable opponent for any up-and-coming challenger.

Here are some of the most prominent Ethereum Killers:

Cardano is a third-generation cryptocurrency launched by none other than Charles Hoskinson, one of Ethereums original co-founders.

Differentiating itself from its predecessors, Cardano has taken a research-intensive approach to development, allowing for detailed peer review and intensive testing prior to implementation.

With smart contract capabilities, the platform is primed and ready to become a major player in the crypto space. Whats more because of its tech stack, its believed that Cardano offers enhanced scalability compared to Ethereum. It looks like an exciting time ahead for this impressive crypto project.

Solana is a new but promising smart contract platform that has boasted impressive theoretical speeds, scalability, and low transaction costs since its launch in 2020.

While the project remained stable since its launch, the blockchain has suffered network-wide outages.

However, the incidences have not shaken investors confidence in the platforms scalability claims. This is an indicator of Solanas viability in extreme scenarios; there are few other projects can show similar elasticity amidst technical difficulties of such magnitude.

Avalanche is an impressive fresh development in the blockchain technology world. Combining three chainsX, P, and Cit has created a powerful tool that fulfills the same functions as Ethereum but much more quickly and at lower costs.

This trio of burly assassins allows for token creation, handling of smart contracts, and proof-of-stake validation all within the same system.

Avalanche is a revolutionary force in blockchain technology, allowing users to benefit from faster speeds and more cost efficiency.

Polkadot (DOT)s ability to link different blockchains together and make them communicable makes it stand out among competitors in the crypto space.

Making communications easier across blockchains means developers dont need to start from scratch when transferring value on them.

This accessibility enables investors to make more informed decisions, rather than trading on the currency itself; investors will now be able to trade on technology, its longevity, scalability, and cost savings capabilities.

Polkadot looks set to take over from Ethereum as the go-to blockchain technology, given claims it can solve scalability and cost issues.

Tezos has made a tremendous splash in the world of blockchain technology, making its mark as a major player.

Its smart contract capabilities make it a great venue for issuing projects and digital assets, and its dApp development potential puts it on the map.

With notable projects launched on Tezos in areas like fashion, music, gaming, and art, the platform shows no signs of slowing down soon. Unlike other networks which rely on proof-of-work consensus mechanisms, Tezos was one of the first to employ the more efficient proof-of-stake (PoS) system. Tezos remains at the forefront of innovation for years to come.

Binance is one of the leading cryptocurrency exchanges in the world. It has made a name for itself by introducing innovative technology and features.

One such innovation is its Binance Smart Chain, which is built on similar foundations to Ethereums blockchain but comes with extra functions more suited to advanced crypto traders.

The blockchain allows developers to connect with their audience and potential investors via the Binance trading platform. Of course, because of its centralized system, Binance has seen its fair share of criticism but it continues to be one of the most popular platforms.

Fantom is a very new and innovative smart contract platform. It uses a unique consensus mechanism, called the Lachesis Protocol, that allows for high-throughput transactions, making it one of the fastest networks available today.

The networks throughput can handle up to 10,000 transactions per second, which makes it an ideal option for decentralized applications. Fantom is also notable for its low transaction fees, allowing developers to create dApps and apps at a fraction of the cost compared to other platforms.

The platform has already seen significant success, with prominent projects such as Klaytn launching on it. Fantom looks set to remain an important player in the crypto space for years to come.

Aptos, also known as Aptos Labs, is a web3 startup focused on building a powerful layer-1 blockchain.

Far from being a new entity, developers who worked on Diem found the company, Metas prior blockchain initiative. This provides their project with an invaluable base of experience and knowledge.

To achieve their goal, the team is using elements that were developed for the former Diem chain and Move language, a unique Rust-based programming language developed by Meta. The network also implements Block-STM (parallel execution engine), to process more than 130k transactions per second with low costs for usersmaking it one of the most efficient and cost-effective projects in the space.

Algorand is one of the leading smart contract platforms available. It is famous for its scalability, security and decentralization. Unlike other networks, Algorand does not require miners for verification of transactions, which makes it a much faster network than others.

The platform also uses an innovative consensus algorithm called Pure PoS (Proof-of-Stake) which is far more energy efficient than other networks.

Algorand has seen a lot of success with projects such as Synthetix, Kava, Chainlink, and many others launching on the platform. The network continues to be one of the top contenders in the space and looks set to remain so for years to come.

There can be an Ethereum killer. Ethereum is one of the few blockchain platforms that has gained traction in the mainstream market. However, its scalability and transaction fees are becoming problematic.

For now, Ethereum will remain one of the most popular blockchain platforms in the world. But, the future is unpredictable and new projects will challenge Ethereums dominance. Only time will tell which platform will become the ultimate Ethereum killer.

Until then, we can only wait and see how it plays out.

Ethereum Killer: How Do Projects Outshine Others for Top Spot ... - Cryptopolitan

Has Binance Lost $1.8 Billion In USDC? Is This The Next FTX? – Crypto Reporter

March 16, 2023 | Author: admin

Late last year Forbes initiated an investigation into various transfers from Binance into various hedge funds between August 2022 to December 2022.

The main questions are, does Binance still have control of these funds, and could this end up the way of FTX?

Forbes Investigation

With Binance essentially self-regulating until international and national laws are fully established with regard to the crypto industry, it is mainly down to trust that the big players are performing as well as they say they are and, more importantly, are as liquid as they say they are.

The Findings

Records on blockchain show $1.2 billion of b-USDC being directed to Cumberland DRW, a crypto trading firm, with other collateral moving to Alameda, Justin Sun, and crypto services company Amber Group. The total amounted to $1.8 billion over five months.

Binances response has been lackluster, to say the least, with the b-USDC, a wrapped version of USDC on BNB Smart Chain not controlled by Circle, staying the same supply on-chain after.

What Does This Mean?

The worst-case scenario for this is that Binance fails to maintain backing for its BNB Smart Chain-wrapped assets, exposing its users to significant risk.

Some theories revolve around Binance loaning counterparties the funds backing various Smart Chain assets, in a similar vein to the dire financial practices that led to the downfall of FTX and the loss of billions of dollars of customer funds.

Time will tell if Changpeng Zhao will respond to this.

Ignoring The Doom And Gloom

With news such as this, it is essential to hedge bets and look at how the market will react. Currently, as hedge funds sit with empty accounts waiting to gain capital to reinject into the market, narratives are shifting, and AI technology is sitting at the forefront of the following bullish market movements, regardless of how hedge funds or exchanges may fall.

Avorak is one crypto starting to make waves in the space; with a full suite of machine-learning technologies applicable to both retail and commercial ventures, companies and personal investors alike are moving in. The revenue stream is set to begin in early 2024, with AVRK being the credit to use the Avorak products. A percentage of all revenue is set to be redistributed live to AVRK holders, a feat impossible with regular finance industry practices.

Jumping on this project in the early stages of its ICO will undoubtedly put a hedge against any issues Binance, Circle, or any of the hedge funds may have and will likely put most buyers at the top of the gainers lists when AI truly becomes the market-leading sector for investment.

Want to learn more about Avorak AI?Website: https://avorak.aiWhitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter 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 in this article. Do your research and invest at your own risk.

What is the attraction about Bitcoin? – Star of Mysore

March 16, 2023 | Author: admin

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Bitcoin has become the most well-known currency around the globe as the popularity of Bitcoin has inspired many other developers to develop cryptocurrencies just like Bitcoin. None of them got as high as Bitcoin has become the largest market capitalization cryptocurrency in the world. It is nothing more than a form of currency that does not have any control over the government. The transactions of Bitcoin are recorded on an independent and decentralized base known as the blockchain. All the monetary transactions of Bitcoin are recorded and stored on the blockchain network, and it also provides security to transactions through cryptographic nodes. The currency was introduced in 2009, and whoever created Bitcoin is still anonymous. A name added by other cryptocurrency developers is satoshi nakamoto. But later, he left the project in between, and some of the other developers developed Bitcoin and introduced it to the public interest. In addition, if you are looking for a reliable trading platform, you can visit BITCOINPRIME.SOFTWARE.

Bitcoin attracts many new investors and traders to join the virtual market due to its uncertain hype and regular volatile prices. You cannot predict Bitcoin prices because it is highly flammable and not regulated by any regulatory authority. The absence of government authority makes Bitcoin transactions reliable, cost-efficient, time efficient, transparent and secure as the cases of cyber hacks and frauds are regularly coming to news headlines through centralized means. But till the present time, we do not have any complaints about Bitcoin fraud or cyber hacks. Bitcoin provides security that any traditional financial institutional security system cannot challenge. Bitcoin offers several advantages if it is accepted as a medium of exchange by businesses and companies. It will take time for Bitcoin to become legal tender as the currency is still new to the market.

The top attraction of Bitcoin

Privacy

You can use Bitcoin to transfer funds anonymously from one source to another without involving intermediaries or government bodies in monetary affairs. All the Bitcoin honors are provided with multiple public keys, usually the address of the Bitcoin wallet and the information needed to execute transactions to transfer Bitcoin from one account to another. Unlike credit and debit cards, they do not require complete information about the wallet owners common name, billing and address, which means they do not need any personal information about the wallet holder to transfer funds. The only thing required to receive payments from Bitcoin is a wallet address.

Decentralization

Due to Bitcoins decentralized nature, it does not allow the government to interfere in its monetary affairs. Also, some of us prefer to avoid 3rd party interference in economic matters to transfer funds from one server to another. Also, this is an excellent choice for people who are against the system and looking forward to extra privacy. In traditional payment systems, there is always a chance of information hacks and fraud due to the presence of financial records with banks and exchanges. Also, fraudulent transactions can occur with the name of traditional trades and institutions. However, Bitcoin is a decentralized body and does not allow this kind of fraudulent transaction to take place with the help of blockchain technology.

Bitcoin value

As we all know, Bitcoin has gained hype in the last few years and is continuously gaining advertising with increasing prices. Bitcoin can be chosen over other currencies as the best or excellent store of value. There is no government rule that you cannot convert Bitcoin into something different than feet currencies. There is complete control of your Bitcoin holdings in your hand.

Low transaction fees

Whether you are investing or using Bitcoin to make and receive payments, the transaction fees of Bitcoin transfers are relatively lower than a traditional transfer. And one of the biggest problems with centralized transfers is that it takes too long to transfer funds. Using Bitcoin can help you to transfer funds in around 10 minutes which is a relatively low time. The use of Bitcoin by small-scale businesses is beneficial because they pay high fees for minimum transfers. And this leads to an increase in companies costs of up to 10%.

Security

You cannot question Bitcoin security as it uses peer-to-peer transactions, meaning no 3rd parties are involved in completing payment transfers. Only the parties involved in payments are the receiver and payment maker. Every transaction of Bitcoin is recorded on an open distributed Ledger system known as blockchain with the security of cryptographic Nodes Once the transaction is recorded on a blockchain network, the transaction cannot be altered or changed manually without private keys.

Conclusion

These are some of the top attractions of Bitcoin that lures people to invest money in Bitcoin. Also, Bitcoin has high price volatility, which gives you the opportunity to earn maximum profit out of volatility. It is possible to make maximum profit in intraday trading without holding Bitcoin overnight. On the other hand, you must be aware of Bitcoins other drawbacks, like the prices can show a bearish trend, and within a few minutes, it concerns a bullish market. Get the required knowledge before investing your money in Bitcoin and other cryptocurrencies, as it can save you from bearing losses and maximize your profit on your investments.

This post was published on March 15, 2023 7:25 pm

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What is the attraction about Bitcoin? - Star of Mysore

DexCoyote is Pushing New Projects Up by Offering IDOs in The … – The Coin Republic

March 16, 2023 | Author: admin

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.

Crypto industry has rendered decentralization a mainstream term. People love the fact that this space can give the power back to their hands. Currently, there are decentralized exchanges (DEXes) like Uniswap, 1Inch Network and more. that offer users a means to eliminate any intermediaries from their financial matters. DexCoyote, a decentralized launchpad offering services like Initial Dex Offering (IDO), is doing wonders in this decentralized space.

IDO is a concept where a project uses a decentralized exchange to offer their native coin. A user can simply visit the Token Generator section on DexCoyote website, connect the crypto wallet and select the create token option. All he has to do is select the chain from Ethereum, BSC or Polygon. After filing the necessary details like the name of your token, total supply and more, click on create token and you are good to go.

The process will release your newly created token on the blockchain and credit the supply to the creators wallet. DexCoyote is a free to use service where projects can easily create and distribute native tokens of their network. For the Initial DEX Offering, users are required to access the Listing section on the website. This process is a bit longer in contrast to token creation.

The users need to add their projects native token and set the desired supply for IDO. Furthermore, services including, launching token airdrop, and more are free. But the dex will earn a certain percentage in commissions through sales. The company also has their native digital asset called HOWL and is available at the most popular automated market maker, Pancake Swap.

Currently, a total of 10 Billion HOWL tokens are circulating in the market. Half of the tokens are designated for referral programs, 20% for marketing, 5% for project teams, and more. DexCoyote currently has over 70,000 users and 37,000 subscribers in their network.

DexCoyote has an interesting roadmap out of which several marks have already been achieved. This includes token release, reaching 50,000 holders, publication in Forbes and Bloomberg, and more. Now the company is eyeing a listing on CoinMarketCap and CoinGecko. Additionally they want to onboard 150,000 users on the network by Q1 2023.

The network team consists of some fine individuals including the founder Kirill Sagitov, Irene Malikova (Product Manager), Dmitry Filinov (backend developer), Mikhail Vinogradov (smart contract developer) and more.

2023 has not been kind to the traditional markets, especially the recent collapse of renowned financial institutions. This has lowered peoples trust on centralized entities. Crypto market being a decentralized space has attracted a lot of individuals in the sector, however, recent bloodshed in the sector has raised concerns regarding this industry too.

Satoshi Nakamoto brought the concept of Bitcoin in 2009 to eliminate centralization and give control back to the people. DexCoyote is contributing to this legacy alongside other projects in the market.

Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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DexCoyote is Pushing New Projects Up by Offering IDOs in The ... - The Coin Republic

Mike Novogratz Says Its Time To Buy Gold And Bitcoin – UseTheBitcoin

March 16, 2023 | Author: admin

It is time to buy gold and Bitcoin (BTC), according to Mike Novogratz, the CEO of Galaxy Digital. There are multiple issues that affected the markets in recent days, including the crisis that is affecting banks such as Silvergate Bank, Signature Bank and Silicon Valley Bank. In Europe, banks have also been affected, something that could continue in the coming days.

It seems to be time to buy gold, silver and Bitcoin according to Mike Novogratz, one of the largest supporters of the cryptocurrency ecosystem. During a recent conversation on CNBCs Squawk Box, Novogratz talked about banks, lending, the economy, and Bitcoin.

During the conversation, he compared the current situation in the market with 2018s rate hikes and how this could create a similar situation as back then. There is a combination of factors that are pushing the US economy into a credit crunch and that he believes are sending the US economy into a recession.

One of the ways to stop that is for the US Fed to stop hiking rates, otherwise, things could become more difficult for the economy. Additionally, he talked about how Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies in the market, have been moving in recent weeks.

When he was asked about a possible contagion to other banks, Novogratz said that if the Fed does not do something more consistent there could be more problems with regional banks, which could add more pressure to the whole banking system.

At the same time, Novogratz talked about a credit crunch and the implications that this could have on the economy.

On that matter, Novogratz said during the conversation:

Now you have a market that is gonna go into a credit crunch. How do banks rebuild capital? They lend less. And so, you are gonna see a credit crunch happening in the United States. This is starting to get priced in the markets in a dramatic way.

Furthermore, he mentioned that he would be long Bitcoin, Gold and Silver. He said that Bitcoin was also created for these types of situations and environments. Lets not forget that while traditional financial markets have been moving lower, Bitcoin and other cryptocurrencies turned bullish.

After the most recent situation with banks and the current volatile environment in traditional financial markets, Bitcoin skyrocketed and hit $25,000. Now, the largest cryptocurrency in the world is being traded above $24,000 according to data shared by CoinGecko.

At the time of writing this article, Bitcoin registered 0.7% gains in the last hour alone, pushing its price to $24,750 in some cryptocurrency exchanges. With this price, Bitcoins market capitalization is currently at $477 billion, showing its strength as the largest and most robust digital asset in the market.

Bitcoin was created back in 2008 and released in 2009 by Satoshi Nakamoto during the banking crisis in the United States that then hit the whole world. We have seen Bitcoin surge to $20,000 in 2017 and then reach an all-time high of $69,000 in November 2021.

With the current situation in traditional financial markets, Bitcoin has been moving higher, showing that there is a clear interest from individuals and investors to get access to it in difficult times. Banks are now experiencing large pressure and might need the help of central banks in order to be able to redeem all funds.

When it comes to gold, its price has been moving higher in recent weeks, pushing its price to over $1,920 per ounce. This shows that there is a clear interest not only in Bitcoin but also in this precious metal, as explained by Mike Novogratz. With the current crisis in the banking sector, it might be better to keep value in gold or Bitcoin. However, things could change at any moment, as the government might decide to take a regulatory decision that could impact the markets.

It will be very important to see how this week will finish ad Credit Suisse has also been affected in Europe and Swiss authorities are being pressed to take the necessary actions and stabilize the current situation.

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Mike Novogratz Says Its Time To Buy Gold And Bitcoin - UseTheBitcoin

The Arbitrum Foundation Announces DAO Governance for the Arbitrum One and Nova Networks and Airdrop of $ARB Token to Arbitrum Users – Yahoo Finance

March 16, 2023 | Author: admin

The launch of the DAO Governance marks a significant milestone in the decentralization of the Arbitrum One and Arbitrum Nova networks, becoming the first EVM rollup technology to achieve Stage 1 decentralization

NEW YORK, March 16, 2023 /PRNewswire/ -- The Arbitrum Foundation today announced the launch of DAO governance for the Arbitrum One and Arbitrum Nova networks, a massive leap forward in the decentralization of the two networks. Alongside the DAO governance structure, The Arbitrum Foundation also announced an upcoming drop of $ARB to users of the Arbitrum ecosystem on Thursday, March 23.

Arbitrum Foundation (PRNewsfoto/Arbitrum Foundation)

Late last year, Vitalik Buterin proposed a 3 stage schema for decentralizing rollups, and with today's announcement Arbitrum has now become the first EVM rollup ever to achieve Stage 1. The milestone signifies an important achievement for both Arbitrum networks and for the state of Ethereum scaling more broadly.

The $ARB token will facilitate the decentralization of the Arbirum network, and the $ARB airdrop will place the governance token in the hands of the users who are actively participating in the Arbitrum ecosystem. Users can visit gov.arbitrum.foundation and follow the prompts for eligibility details and to claim their share in governance. The majority of the $ARB supply will be under the control of the Arbitrum community via The Arbitrum Foundation, accelerating growth of the ecosystem organically. $ARB token holders will govern The Arbitrum Foundation through the Arbitrum DAO.

Steven Goldfeder, CEO and Co-Founder of Offchain Labscommented: "We are extraordinarily excited for the official launch of The Arbitrum Foundation and DAO governance and to see Arbitrum One become the first EVM rollup to advance to Stage 1 decentralization, a tremendous milestone for both Arbitrum and Ethereum. Through the community airdrop, the delegation process, and the introduction of the Security Council, community participation and control is at the forefront of today's announcement, and the requirements for receiving a share of Arbitrum governance have been crafted meticulously, optimizing for the longevity of the ecosystem and community. Looking ahead, we're moving closer and closer toward a decentralized financial system, with the Arbitrum technology at the very forefront of that.."

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To facilitate effective community governance, users will be able to delegate voting power to individuals they view as effective stewards of their values. Delegates will be expected to vote on proposals that pass through the Arbitrum DAO in a way that represents the token-holders who have assigned their voting power to them. The Arbitrum DAO will have the power to control key decisions at the core protocol level, from how the chain's technology is upgraded to how the revenue from the chain can be used to support the ecosystem. Those interested in becoming a delegate are encouraged to visit the governance forum and apply.

Crucially, Arbitrum's governance will be self-executing, meaning that the DAO's votes will directly have the power to effect and execute its on-chain decisions, and not rely on an intermediary to carry out those decisions. Self-executing governance is a critical milestone for decentralization and giving the community the power to govern the chain, and Arbitrum is leading the way as the first L2 to launch self-executing governance.

The Arbitrum Foundation also announced the creation of the Arbitrum Security Council, a 12-member multisig of highly regarded community members designed to ensure the security of the chains and be able to act quickly in the event of a security vulnerability. The decision-making powers of the Security Council are determined by a smart contract that will require multiple secure signatures by its members in order to implement any changes to the protocol. In case of emergency, the Arbitrum Security Council will be able to act quickly but this will require participation from 9 of the 12 members. The Arbitrum DAO will be the ultimate governing body over the Arbitrum Security Council, with elections for the Council being held twice annually.

The introduction further reinforces Arbitrum's focus on decentralization by giving the community the ability to play a more active role in Arbitrum governance and have a say over what occurs within the ecosystem.

Arbitrum is the leading Layer 2 (L2) scaling solution for Ethereum, boasting the highest Total Value Locked (TVL) across all L2 networks with approximately $3.61B, 55% market share across all rollups, and the Arbitrum One network recently surpassed Ethereum daily transactions on two occasions.

For more information, please visit the Arbitrum blog: http://arbitrumfoundation.medium.com/

About Offchain LabsOffchain Labs is a venture-backed and Princeton-founded company that was the initial developers of Arbitrum, a suite of secure scaling solutions for Ethereum. Arbitrum's technologies instantly scale dApps, significantly reducing costs and increasing speed, without sacrificing Ethereum's security. Porting contracts to Arbitrum requires no code changes or downloads as Arbitrum is fully EVM compatible. Offchain Labs also maintains Prsym, the leading Ethereum consensus client.

About The Arbitrum FoundationThe Arbitrum Foundation has a mission to help support and grow the Arbitrum network and its community while remaining at the forefront of blockchain adoption. The Foundation oversees the $ARB token and governance structure as well as the Arbitrum Security Council, a 12-member multisig of well regarded community members designed to ensure the security of the chains.

Media contact: Dillon Arace, arbitrumpr@mgroupsc.com

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SOURCE Arbitrum Foundation

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The Arbitrum Foundation Announces DAO Governance for the Arbitrum One and Nova Networks and Airdrop of $ARB Token to Arbitrum Users - Yahoo Finance

Meta is working on a decentralized social app – TechCrunch

March 16, 2023 | Author: admin

Image Credits: TechCrunch

If there is a social media phenomenon getting some kind of popularity, Meta will try to jump in. We have seen the company copy different kinds of formats ranging from Stories to short videos after seeing the success of other platforms. Now, the Mark Zuckerberg-led company is working on a decentralized text-based app.

Meta confirmed this development in a statement but didnt give out details about when it plans to release the app.

Were exploring a standalone decentralized social network for sharing text updates. We believe theres an opportunity for a separate space where creators and public figures can share timely updates about their interests, a Meta spokesperson said.

This new decentralized app, codenamed P92, is still under development as first reported by MoneyControl. According to the documents seen by the publication, the app will let users log-in through their Instagram credentials. This could irk people who might not want to share that data with another Meta app.

A report by Platformer said that the project will be overseen by Instagram head Adam Mosseri. The company is already involving the legal department to sniff out early privacy concerns before the app is public, the report added.

Metas move is seen as its attempt to build a Twitter alternative or a Mastodon competitor. The latter gained popularity after Elon Musk took over Twitter. The decentralized network is part of the Fediverse a network of decentralized servers that supports the ActivityPub protocol. Metas new app also plans to support ActivityPub, making it easier to connect with other instances like Mastodon, according to MoneyControl.

There are plenty of other tools that have implemented (or are planning to implement) ActivityPub support, including Tumblr, Flipboard and Flickr.

But decentralization is not limited to this protocol. Jack Dorsey-backed Bluesky launched its iOS app in beta last week. And messaging apps like Rocket.chat have embraced the Matrix protocol.

However, former Twitter engineer Blaine Cook told TechCrunch last year that the existence of competing protocols is a good thing.

I think the diversity of protocol is important, as is the diversity of the applications built on top of the protocols. That said, I strongly believe that interoperability between ActivityPub and Bluesky wont be difficult. The only thing preventing, for example, interoperability between Twitter and Facebooks timeline has been protectionist policies by those companies, he noted.

Its important to remember that Meta has tried making new apps and experiences that havent always taken off. In the past few years, it has killed experiments like the anonymous teen app tbh, Cameo-like app Super, Nextdoor clone Neighborhoods, couples app Tuned, student-focused social network Campus, video speed dating service Sparked and TikTok clone Lasso, just to name a few. So it wont be surprising if the new decentralized experience shuts down in a couple of years after the launch.

Meta is working on a decentralized social app - TechCrunch

Here’s What 1 of the Smartest Investors on the Planet Is Saying … – The Motley Fool

March 16, 2023 | Author: admin

Made famous by her love of innovation, Cathie Wood's Ark Invest is naturally a fan of Bitcoin (BTC 0.08%). Every month a team of Ark analysts explore statistics on the Bitcoin blockchain and other economic trends in an effort to gauge Bitcoin's overall position in the market and where it might be headed.

This month's report looked back on February. It was full of valuable information for investors and highlighted why Bitcoin will likely remain at the top of the cryptocurrency asset class for years to come.

Despite retreating more than 14% at the beginning of March, likely due to uncertainty in the crypto landscape as talks of regulation heated up and more crypto-related businesses went bankrupt, Bitcoin has actually had a great start to 2023. Since the beginning of the year, Bitcoin is up nearly 50% and looks to be the most resilient as it is one of the most resistant and resilient to regulation. This comes from a combination of its vast decentralization and high levels of security.

After a successful January, its price climbed further in February thanks to a new technology called Ordinals, which was introduced to make the Bitcoin blockchain non-fungible token (NFT) compatible. Before Ordinals, only blockchains with smart contracts could host NFTs.

With the introduction of Ordinals, the average block size of Bitcoin hit a new all-time high. Ark analysts believe this is a bullish sign as they view the limited space in each block as being similar to real estate. The less block size available, the more valuable the space becomes as demand increases.

Although still in their infancy, Ordinals could prove to add even more pressure to block space demand. While the launch of Ordinals and a stellar February were a bit of good news for Bitcoin, it seemed to be short-lived.

While there is reason to be optimistic about Bitcoin's future, Ark believes there are two unknown factors that could dampen growth -- looming regulation and an uncertain macroenvironment.

As a result of multiple catastrophes in 2022, politicians and legislators seem to be turning up the heat in the regulatory environment. Just three months into the year, there have been multiple examples of fines and penalties being levied against crypto-related businesses by the Securities Exchange Commission (SEC).

This is likely due to SEC Chairman Gary Gensler's beliefs that a majority of cryptocurrencies are actually securities and therefore fall within reach of the commission's jurisdiction.

To start off 2023, the SEC has already announced a settlement with the cryptocurrency exchange platform Kraken to suspend its staking product. The agency also sent a warning to the stablecoin issuer Paxos, which stated that its products also met the criteria of a security and to cease its offering.

Ark believes that these efforts by the SEC and other government agencies will only pick up in 2023 and could prove to be detrimental for the majority of cryptocurrencies.

However, it also believes that Bitcoin is different from other cryptocurrencies due to its high levels of decentralization. This opinion has been reaffirmed as chairman Gensler is on record saying multiple times that he considers Bitcoin a commodity and, therefore, outside of his commission's control.

Adding to potential regulation, Ark views the current macroeconomic environment as being less than ideal for more-risky assets like Bitcoin to grow. Analysts pointed to a handful of metrics like the monetary velocity, trends in consumer spending, and patterns in the 10-year Treasury yield as a reason to believe that not only will riskier assets continue to struggle but that a recession might even be looming.

While it remains unknown as to whether our worst fears come to be, Ark analysts painted a clear picture that in the current economic and regulatory landscape, Bitcoin is the safest option for those looking to invest in cryptocurrency. It reiterated this stance with a variety of supporting statistics, such as mining difficulty and the long-term holder supply, which show that even in the depths of a bear market, Bitcoin's blockchain is still relatively healthy.

As the future remains unclear, Bitcoin offers crypto investors a refreshing sense of hope that no matter what happens, it can still continue on its path of price appreciation.

RJ Fulton has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.

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Here's What 1 of the Smartest Investors on the Planet Is Saying ... - The Motley Fool

A Web3 Cautionary Tale: The Biggest NFT Brands Had Funds in SVB – nft now

March 16, 2023 | Author: admin

On March 10, after days of uncertainty spurred on by $1.8 billion in surprise bond losses, Silicon Valley Bank (SVB) collapsed, sending a tidal waves worth of ripple effects throughout the financial industry. The event quickly prompted the U.S. Treasury, Federal Reserve, and the FDIC to step in to effectively circumvent catastrophe and assure depositors of access to all of their funds, whether insured or not.

While the situation is still developing, the seeming fiasco has left those in traditional finance to shudder in remembrance of the 2008 financial crisis. Yet, the context of the collapse that SVB was a significantly popular choice for venture capitalists and tech startups has urged more contemporary investors (like those in Web3) to remark about the potential of decentralization in eschewing central bank issues.

But even so, in the days since the debacle, its become clear that the NFT space mightve actually dodged a bullet itself with help from regulators. Because while Web3 staunchly purports to be decentralized, some of the most prominent players seemingly only narrowly escaped being caught up in the debacle.

How did the 16th largest bank in the United States become the second-biggest bank failure in U.S. history? To summarize, the collapse came down to two major factors.

The first is that, within the last year, the Federal Reserve has raised the Federal funds rate by nearly five percentage points in an attempt to tame inflation. These higher interest rates significantly chipped away at the value of long-term bonds that SVB and many other banks took on previously when interest rates were next to nothing.

The second factor concerns the quick and broad decline in tech revenue and venture capital experienced within the U.S. In response to the wane, startups had opted to withdraw funds held in SVB, meaning that the bank was facing significant unrealized losses in bonds while simultaneously, customer withdrawals were escalating. This, in turn, caused a run on the bank where customers panicked and all attempted to withdraw their money at once.

Only two days after the SVB closure, the Department of the Treasury, Federal Reserve, and FDIC released a joint statement saying that depositors will have access to all of their money starting Monday, March 13, and that no losses associated with the resolution of SVB would come from taxpayer dollars.

The statement also mentioned that regulators took these unusual steps because SVB presented a significant risk for the U.S. economy. While regulators continue to look for a buyer for SVB and the uncertainty for what comes next is mounting, HSBC has acquired SVB UK for a symbolic 1.

Outside the traditional finance world, those in the blockchain industry are doing their best to understand how the situation might have, and could still, affect their stomping grounds.

Not to be confused with the fall of FTX, this latest three-letter acronymous fiasco had a significantly less detrimental effect on the NFT space than the aforementioned failed crypto exchange. Thanks to the actions of the Federal Reserve and FDIC, the many accounts housed under SVB which included consumer accounts as well as those of high-profile companies like Roblox, Buzzfeed, Etsy, and more were made whole as of March 13.

But the fact remains that the SVB collapse couldve very significantly affected the blockchain industry. Because apart from crypto companies like Avalanche, BlockFi, Ripple, Pantera, and others that had funds locked up in the SVB debacle, numerous NFT adjacent entities wouldve been in for a world of hurt as well. Here are a few examples.

One of the most immediate and impactful concerns arose from the untethering of the USDC stablecoin. USDC lost its 1/1 peg to the U.S. dollar only hours after SVB was closed, and Circles $3.3 billion cash reserves (about eight percent of the funds backing USDC) went into limbo. Although the situation has since been rectified, USDC has yet to return to the $1 peg as Signature Bank (another institution critical to USDC holdings) was seized in the wake of a similar bank run.

The Proof Collective which has grown increasingly in popularity over the past few years thanks to the success of projects like Moonbirds,Oddities,and Grails became an immediate concern for the NFT community in the aftermath of the SVB news. Addressing the Proof community via Twitter, the project team confirmed that Proof held cash in SVB, although they didnt state how much. Further, they noted that they had diversified assets across ETH, stablecoins, and fiat.

When word first came down about SVB, many also looked to the popular PFP project Azuki (helmed by ex-big tech entrepreneur Zagabond) to see if it was affected. Yet, Zagabond quickly dispelled worry, stating to the projects thousands of Discord members that SVB was only one of their many banking partners and that the bank held less than five percent of project funds.

NFT community members also quickly voiced concern for Yuga Labs following SVBs closure. Yet, similar to Azuki, the brand made it clear that the fiasco wouldnt affect their business or plan in any way. Yuga founder Greg Solano announced via Discord that the company had super limited financial exposure to the situation.

Memeland, the Web3 venture studio created by Hong Kong-based meme-centric entertainment website 9GAG, was similarly minimally affected by the SVB collapse. Taking to Twitter, Ray Chan, CEO and Co-founder of 9GAG, shared that Memeland had only around $40,000 held in the bank, with no plans of withdrawing. He went on to voice his lack of concern about the fiasco as well, stating, when SVB falls down as quickly as FTX did, crypto and NFT dont look so risky at all.

Its no stretch to say that the implications of the SVB closure mightve been significantly worse had regulators not stepped in to guarantee deposits. Even considering the minimal exposure that most major NFT players had to the bank, Web3 wouldve surely felt ripples from the Circle situation alone, as USDC is a highly popular stablecoin to those in the NFT space.

Yet, a few key takeaways have emerged in response to the near-catastrophic experience. The most prominent of which has everything to do with the already widely held Web3 ethos: decentralization. Of course, this goes far beyond advocating for decentralization and keeping funds out of the central banking system (as many already do). Because the major lesson learned from the SVB fiasco is that to mitigate crypto and NFT risk, users should absolutely not keep all their assets in one place.

Surely, NFT-native users will have heard this warning time and time again. Aside from following the best practices in Web3 security, locking up assets for safekeeping or even simply spreading assets throughout multiple secure wallets and accounts could help mitigate risk significantly.

So goes the adage: Dont put all your eggs in one basket.

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A Web3 Cautionary Tale: The Biggest NFT Brands Had Funds in SVB - nft now

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Here’s What 1 of the Smartest Investors on the Planet Is Saying … – The Motley Fool

A Web3 Cautionary Tale: The Biggest NFT Brands Had Funds in SVB – nft now

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