ATOM has defied the charts the last few weeks and rightfully so. With ever-increasing numbers of blockchains, interoperability is bound to be a hot topic very soon. The upcoming ‘Gravity Bridge’ will even connect to ETH, too! For anyone wanting to learn more about ATOM, check out staking (and the many resulting Airdrops), as well…
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Panic sellers, hold your horses because dips are still for buying, according to data from Santiment behavior analysis.
A Nasdaq-listed company has announced that shareholders can receive dividends in bitcoin. The company claims to be the first one to pay dividends in the cryptocurrency. ‘First-Ever Dividend Payable in Bitcoin by a Nasdaq-Listed Company’ Blockchain company BTCS Inc. (Nasdaq: BTCS) announced Wednesday “the first-ever dividend payable in bitcoin by a Nasdaq-listed company.” BTCS refers […]
The MariCoin project was among 10 projects chosen for the Algorand Foundation accelerator program in November 2021.
According to blockchain research firm Chainalysis, scam involving crypto reached an all-time high of $14 billion last year, a record that comes as regulators demand for more power over the fast-growing sector. Growing Interest In Crypto Fueled Most Scams Cryptocurrency crime set a new high in 2021, according to a recent analysis, with scammers stealing $14 billion worth of cryptocurrency. According to the “2022 Crypto Crime Report” released by blockchain data firm Chainalysis on Thursday, Jan. 6, that’s nearly double the $7.8 billion stolen by fraudsters in 2020. The findings come amid heated debates over how to regulate cryptocurrency, with regulators keen to protect the growing class of small investors who are flocking to digital currencies. With the recent surge in cryptocurrency interest, it’s no surprise that “Olympic-level scammers” have seen new chances for illegal conduct, according to William E. Quigley, a notable investor and co-founder of the WAX blockchain. Quigley stated during a panel discussion held by blockchain firm Light Node Media last month that the high-tech aspect of crypto will continue to attract clever crooks. Consider the recent “Squid Game” scam, in which investors claim that a new SQUID cryptocurrency token and associated immersive online game were nothing more than a con. According to investors, the creators vanished when the currency’s value soared and they seemed to pay out with more than $3 million. “By absolute numbers, crime is still growing but the ecosystem is becoming safer. Of course, there [are] a lot of caveats to that,” said Kim Grauer, Chainalysis’ director of research. Related article | Knowledge is Power: How To Stay Protected From Crypto Scams Newcomers have been lured in by the promise of quick returns claimed by crypto proponents, as well as the notion that bitcoin may be used to hedge against rising inflation. Despite this, cryptocurrencies are still subject to inconsistent regulation, leaving investors vulnerable to fraud. The majority of criminal earnings has always come from financial scams, according to the firm’s findings during the last five years. However, as bitcoin has grown at a breakneck pace, overall economic activity across all blockchains has increased from $2.3 trillion to $15.8 trillion, diminishing the importance of criminal activities. BTC/USD continues to nosedive. Source: TradingView DeFi Transactions Had A Lot Of Scam According to Chainalysis data, DeFi transactions increased by 912% in 2021. Decentralized tokens like shiba inu have had impressive gains, which has fueled a feeding frenzy among DeFi tokens. When it comes to dealing in this immature crypto economy, however, there are a number of red signs. According to Kim Grauer, Chainalysis’ head of research, one issue with DeFi is that many of the new protocols being introduced have coding weaknesses that hackers can exploit. In 2021, these code exploits were used in 21% of all hacking attempts. Related Article | Dangers of DeFi Hype Surface Following One-Hour Crypto Scam In 2021, criminals stole $3.2 billion in cryptocurrencies, with DeFi protocol hacks or exploits accounting for 72%. SEC Chair Gary Gensler told Yahoo Finance in October that DeFi “will end badly” unless investor protections are strengthened. The Commodities and Futures Trading Commission fined DeFi protocol Poly Market $1.4 million earlier this week for operating a “unregistered binary options market,” and ordered the protocol to “wind down” its operations. Featured image from Unsplash, Charts from TradingView.com
Hi! I'm doing an essay for university on the financial feasibility of ICOs for funding early ventures and would like to use Ethereum as a case study. However, I can't seem to find any documents or texts describing the process pre and post ICO. Could anyone point me to some resources that analyse the Ethereum…
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The partnership will use blockchain technology for some of its best-suited use cases in increasing transparency, verifying data, and storing sensitive genetic information.
I sincerely dont want to sound like another shill, but their roadmap is speaking volume! Bitcoin Bridge Still planning to have the launch this month. It should be an external launch so onboarding externals for running vaults. Some minor details to take care of still, but the launch is still planned for this month. Trustless…
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The Metaverse is a virtual world where people may share their experiences and communicate in real-time in simulated environments. It can potentially change the way people work, shop, communicate, and consume information. As a result, firms are eager to stake up early positions in the sector, and NFTs are a unique and efficient means to do so. Among Adidas’ recent ventures include joint projects with NFT creators Bored Ape Yacht Club and Pixel Vaults Punks Comic – an agreement with cryptocurrency investor Gmoney and the acquisition of digital land in the Sandbox, a blockchain-based virtual environment. Moreover, Twitter and Facebook have already announced that they would be integrating NFT avatars into their services. As more companies get on board with the NFT craze and create new customer experiences, the Metaverse is already receiving mainstream attention. Consequently, everyone will need a virtual representation of themselves to begin exploring this new and exciting virtual space. Meanwhile, a new project called Novatar has just been established. Seems, It has the potential to take the industry by storm with its implementation of several innovations. Novatar’s approach and concept are what sets it apart from the others. One of its main features is the implementation of the first-ever aging NFT. It will be like a natural process of an infant growing up into an adult. In addition, as it transforms, it will acquire and display unique physical shifts. Using the blockchains dynamics, a user can either raise their Novatar to adulthood or keep it a newborn baby. Users will engage with these Novatars as their new Meta persona. Besides a virtual description of the user, they will have a profession, boast of excellent designs, and will be the way to be identified in the future metaverses. Also, as in the real world, each Novatar is a unique, one-of-a-kind digital asset, graphically generated by AI. There will be a limited set of 25K baby Novatars in existence, which will be able to become adults each having a distinct facial expression, futuristic clothes, and aesthetics. Novatars are genetically diverse, each with its own set of distinct traits. There are basic/mandatory 9 genes in baby avatar. Moreover, there are 14 genes in adult Novatars, with 10 basic sets of the gene pool and 4 optional. For example, the gene responsible for the profession is considered a rare one; Novatars with this gene will be deemed very exceptional. The Novatars are meant to be used as a digital pass to online and offline events held only for Novatar NFTs holders.
