Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Strange token airdropped to my wallet (BMW Metaverse, Dell Metaverse, AC DAO) – are these nefarious?

Hi everyone, I got some weird tokens airdropped to my wallet (see post title – here is an example contract: https://etherscan.io/address/0x133b8f31aba904294a95cd6477633b593f019818 ​ Are these tokens somehow nefarious? Like if I interact with them in any way I might get robbed? Just trying to understand if I need to move to a clean wallet and if…
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To the people that say that ADA will rise a lot in the long term: Why?

I noticed that this sub is responding to serious concerns about Cardano by calling it FUD or calling the poster out for allegedly being only into short term gains or buying the peak. People are also blaming the bear market that started in November and the war that started recently as the sole reason for…
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Ethereum NFT Gaming Startup Immutable Hits $2.5B Valuation After $200M Raise

submitted by /u/TobiHovey [link] [comments]

Mars Protocol To Launch On Terra, But Why MARS Has Seen A Massive Dump

Decentralized credit protocol Mars is set to launch today, March 7th, on the Terra ecosystem. One of the most hype projects in the crypto space, Mars will bring the financial services of a legacy financial institution without its tradeoffs. Related Reading | Terra (LUNA), Quant (QNT) Pull Up As Avalanche (AVAX) Nosedives In addition, users that interacted with the Mars Protocol are eligible to receive an airdrop of their governance token, MARS. At the time of writing, the token that will provide this protocol’s community with decision power over future proposals trends downside with high volatility. Nothing new for recently deployed protocols. However, some users have begun speculating about the possibility of early investors dumping their MARS tokens on future airdrop beneficiaries. On this matter, Delphi Digital’s José María Macedo said: Unfortunately, nodes Mars Protocol, Astroport_fi and other Terra dApps connect to are down so nothing the team can do right now. As a reminder, all Mars initial contributors are locked until next year, so pls stop spamming about “inside job”. Terra Co-Founder Do Kwon seems bullish on Mars Protocol long term development. Therefore, this recent price action could find support over the coming weeks and lead to potential price appreciation. For yield farmers, the protocol seems to provide several passive income strategies which could attract long term investors rather than speculators. Over the next 3 to 18 months, as NewsBTC reported, users that lock Terra’s token LUNA will receive MARS as compensation. Over 10 million MARS token will be distributed for early investors supporting the protocol. In addition, liquidity provider for the MARS/UST trading on AMM Astroport will receive a portion of the rewards over the coming 12 months. The team behind Mars Protocol said the following via their Twitter handle: The Mars UI will shortly be released and rewards will be claimable. However, the Terra nodes Mars connects to are experiencing very high traffic which will cause elements in the interface to update slowly. Please be patient or try again later. Terra To Provide Investors With More Yield Farming Opportunities As clarified by the team behind Mars, the protocol will provide users with three additional “leveraged yield farming strategies”. Based on the stablecoin UST, and three different tokens LUNA, Anchor (ANC), and Mirror (MIR). The three strategies operate with a similar mechanism, a user deposits one of the tokens on Mars and start earning rewards. However, ANC and MIR offer users 2x the rewards as their tokens are also deposit on Astroport to generate yield. For example, a user deposits ANC on Mars and the protocols proceeds to borrow 100% of the tokens deposit in UST. Later, Mars’ smart contract takes the original ANC and UST and send them to Astroport to generate rewards in ASTRO. The Fields contracts will automatically harvest these rewards multiple times per day and re-deposit them into your leveraged yield farming position. — Mars Protocol (@mars_protocol) March 4, 2022 Related Reading | Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours Mars Protocol smart contract, dubbed Fields of Mars and with a deployment date set for the next 24 hours, will support the yield farming strategies. At the time of writing, the protocol has launched two features, depositing and borrowing. As they clarified via Twitter: Depositing and borrowing $LUNA and $UST within the Red Bank and staking $MARS for $xMARS. Staking gives users access to governance via the Martian Council where they can create and vote on governance proposals.

FCA reiterates power to 'suspend or cancel' crypto firms' registrations following Bifinity concerns

Certain individuals and entities that are part of the Binance Group may now be considered “beneficial owners” of Digivault following the Bifinity and Eqonex partnership.

Wall Street Chads Set the Standard for NFTs With Innovative Ecosystem

The NFT ecosystem is one of the most competitive in the blockchain industry, yet innovative projects always find a way to stand out from the crowd. One of such is Wall Street Chads which has grabbed the attention of collectors, crypto traders and NFT enthusiasts since its launch in July 2021. Wall Street Chads is an NFT project that has created the first-ever decentralized community-run investment platform. NFT lovers and crypto enthusiasts can experience a seamless, frictionless and social community investing experience powered by Chads NFTs. 3,333 Chads NFTs sold out Wall Street Chads took an innovative approach by breaking the record for the longest mint in history taking 179 days (Sept 12, 2021, to March 3, 2022)  to officially sell out its Chads NFT collection. Unlike other NFTs platforms, WSC opted for an organic mint while building out the product and strengthening its community, instead of spending heavily on marketing and hyping up the project. This approach differs from other NFT collections which attract temporary investors looking to profit from pump and dumps, manipulative schemes that attempt to boost the price temporarily through fake hype or recommendations. WSC was able to ensure that its core community base believes in its long-term potential and this has brought great value and stability to its NFTs. The current floor price for individual Chad NFTs is twice the mint price and its community is one of the strongest and most loyal in the space, which is exemplified through the fact that only 3% of holders have listed their NFTs for sale. Wall Street Chads is a collection of 3,333 programmatically generated and unique characters living and thriving on the Ethereum blockchain as ERC-721 tokens. Chad NFTs are heavily inspired by the aura of the movie ‘’The Wolf of Wall Street” and the official WallStreetBets avatar, known as the ‘’Fuck Boy’’. But, more importantly, ownership of a Chad NFT grants full commercial rights and access to the Corpo-Net, the official WSC investment portal. Chad NFT holders also have access to a fast-growing community of investors seeking to make greater profits. A community-driven NFT ecosystem The Wall Street Chads community currently consists of retail traders, entrepreneurs, Wall Street execs, bankers and general NFT enthusiasts. Furthermore, the community is also backed by blue-chip NFT holders like BAYC members and has attracted top players in the crypto space. Wall Street Chads go beyond conventional NFT projects and redefine what community investing means, transforming retail investing to the next level with its product offerings. Unlike other NFT collections that raise money on the promise of creating products, Wall Street Chads has built a working product called the Corpo-Net, which consists of a gated Chad-NFT portal that grants several utilities to Wall Street Chads’ community members. Members can create investment proposals, vote on them, and effectively coordinate an investment strategy based on community input. The Corpo-Net is officially live and has already started taking in investment proposals from the community. Wall Street Chads also pioneered the Trade-To-Earn model (TEE) that incentivizes active traders and ensures that community members are rewarded for their efforts. In addition, the WSC treasury known as ‘ToDAOMoon.eth’ is designed to be sustainable. The treasury receives 50% of all funds raised during mint and 50% of royalties from secondary markets. Users can also access a sleek dashboard that visualizes all the assets in the WSC treasury and the performance of individual proposals, which are discussed in detail in various channels of their Discord. More developments in the horizon Wall Street Chads has an ambitious roadmap and intends to launch future products that will grow its community and treasury funds. Some of them include launching a future derivative collection and issuing its native token $WSC. The WSC token will be airdropped to Chad NFT holders and will power its ecosystem. Holders will access innovative financial products and services. Furthermore, Wall Street Chads intend to become the information hub of everything finance, and members will derive great value from industry experts.    

Ukraine Is Buying Bulletproof Vests and Night-Vision Goggles Using Crypto

submitted by /u/WallStreetDoesntBet [link] [comments]

Questions about the Executable Beacon Chain Proposal

I am reading the executable beacon chain proposal here, and I have a couple of questions and I would appreciate if someone more versed in the Ethereum technology stack can help answer. I reproduce the snippets I am confused about, and the questions I have below. In the proposal you have the following: Eth2-client sends…
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C4W Is a Trusty-efficient Way To Earn Passive Income in Crypto

It’s easy to get caught up in the hype and buy your favorite coin, only for prices later to go down dramatically. Instead of simply investing money into coins, though – which can be risky depending on what kind you choose- there are actually some other strategies that might work out better than just holding them long-term. Crypto4Winners (C4W) is a Sweden company that offers trading solutions piloted by experienced traders (algorithmic trading, bots, and A.I.) to help clients record profits when investing in cryptocurrencies. With Crypto4Winners, you can manage your crypto assets and get a passive income from the comfort of home. In addition, the fund is decentralized with industry partners like Ledger, which specializes in security technologies for cryptocurrencies, and Chainalysis, which provides audits on blockchain transactions. C4W offers an intuitive web dashboard for investors to view their deposits and withdrawals in bitcoin. In addition, users can review account statistics, including the current exchange rate between BTC-USDT pairs that they are trading. The minimum amount required to be part of the trading pool is 0.03 BTC. The platform has made significant investments into security measures such as 2FA enabled login sessions & personal cryptographic key storage devices so you can feel safe about your investment. The C4W fund is a decentralized 24/7 blockchain portfolio trading service that allows anyone who owns bitcoins to invest in it. The three-part investment strategy puts one-quarter of assets into long-term holdings and another fourth for medium terms. Both are kept safely offline with deep cold storage custodian wallet protection on all coins held extra safe from hacker attacks or any other form of theft. The other half are short-term holdings for intraday trades. Pools Launched By C4W C4W launched the first Bitcoin Pool in July 2019. They used the strategy of storing 50% of BTC in a cold wallet. Then the remaining 50% split up among traders who were experienced with managing coins on a day-to-day basis, making sure to always have at least one trader trading each time period during peak hours when prices are highest (so they can make some easy money). When C4W saw the success of their BTC Pool, they decided to launch an Ethereum Pool in April 2021 with similar characteristics. The only difference was the minimum requirement of 1.0 ETH instead of 0.03 BTC. The Global Crypto Pool is a diversified portfolio of crypto assets invested through multi-strategies. The launch date was January 2022, and the minimum investment to participate in this pool was only 10.000 USDT. The strategies used in Global Crypto Pool are Holding, Trading, Staking, Lending, and Yield farming. A C4W team comprises highly qualified professionals with extensive knowledge in new technologies, the Internet, and blockchain. They are responsible for managing Bitcoin (BTC), Ethereum (ETH) & Tether (USDT) finances daily by monitoring risk levels while trying to earn profits through trading cryptocurrencies or Forex markets alike. Platform’s Key Points The platform works only on Performance Fees: Win-win business with customers. They do not charge any entry, exit, and management fee. In addition, 50% of your investment stored in the cold wallet by partnering with Ledger provides security to your funds. 24/7 dashboard access gives customers complete transparency of their funds. Additionally, the company provides 24 hours customer support. With the C4W referral/affiliate system, you can earn 10% of net profits for each referred user. You will be credited with crypto under your dashboard that corresponds to this percentage–and there’s no limit on how much it could grow. C4W charges a 20% performance fee only on the profitable trades on BTC and ETH pools. While on Global Crypto Pool, there is a 50% performance fee on the net monthly performance.  

Polygon (MATIC) welcomes DraftKings as new network validator

In its latest web3 endeavor, DraftKings, a digital sports entertainment and gaming company, announced today it will join the Polygon ecosystem as a validator and node operator, marking the first time a major publicly-traded firm has taken an active role in the blockchain’s governance. Polygon validators are responsible for verifying the authenticity and validity of…
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