Most newbies think that Crypto is something that will make you rich overnight, and they end up investing in low market cap coins before they "moon". Of course a few of them might have the potential to give you great returns, but a lot of people completely end up ignoring the risk factor. CryptoMoonShots vs…
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I’m writing a contract were a user inputs a string code and gets an NFT in return. The string should only work once, meaning I need to store it so that I can check if it was used before. I’m having difficulty understanding how Ethereum can scale when something like this could rapidly become extremely…
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submitted by /u/Solodeji [link] [comments]
Investigate The Source of The Sender’s Funds and Retrieve Crypto Transfers Sent in Error The beauty of cryptography lies in endless opportunities, and that’s attractive to many. Seeing the recent shifts in capital flow, we can track the interest switching in favor of Decentralized Finance (DeFi). Although it is risky due to its high volatility, being such a young market like DeFi that’s also unregulated carries some other, more significant threats. The true danger lies in the lack of boundaries among the endless opportunities, which eventually traps DeFi in becoming a large playground for Money Laundering (ML) and Terrorist Financing (TF). The absence of KYC and AML procedures adds another log on the fire. Even the statistics demonstrate that money laundering via DeFi is increasing – about $34 million of DeFi transactions in 2020 were conducted by criminal actors. Luckily for crypto users, companies like Ciphertrace, Chanalysis, PureFi, Hacken etc. are working to decrease the gap between mass adoption and DeFi. Not a long ago, PureFi, a decentralized protocol that provides compliance tools while maintaining the anonymity of users, and Kirobo, a DeFi technology company offering users the ability to retrieve crypto transfers and the inventor of the Liquid Vault, entered into an interesting collaboration that combines the best of both companies and fights against the influx of illicit funds in the DeFi industry. How? Let’s see. When doing a safe transfer, a user will be able to check the counterparty they want to transfer crypto to and decide whether to interact with a particular wallet or not. In addition, the same user will be able to see the AML score of an incoming transaction and decide whether to accept or reject it based on the score results. In case of a high-risk score of a sender, a receiver can easily “undo” the transaction protecting its wallet from the dirty funds. The same applies to Safe P2P Swaps – users will be able to see the AML score of each wallet that engages in a swap interaction. Another exciting part of their collaboration is the integration of PureFi that will take place within Kirobo’s Liquid Vault. One of the planned features lets users check the wallet that they use to create a Vault and figure out if it has an adequate AML risk score on the early stage. Beyond that, Kirobo users will be able to check the AML score of a DeFi pool or smart contract before interacting with it, thanks to PureFi’s solution. Since the Vault is also being developed and updated constantly, other features such as PureFi’s AML checks and potentially KYC elements will be integrated in the future. It will certainly be interesting to see the further development of such initiatives.
The way ethereum is getting massive adoption gas will not that far into the future become unpayable for the commoner. I know L2 is inc yada yada but let's be honest most of those solutions are still terrible. Paying more then a few cents for each transaction for a digital coin is retarded. Imagine having…
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Since only a few months are left for PoW on ETH, why is Antminer still releasing the E9? Do they know something we don't? Are they gambling on ETH team failing to deliver? Or did they just not update their website? https://www.antminerdistribution.com/antminer-e9/ submitted by /u/mehdital [link] [comments]
Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and Investment Insurance, a Lithuanian state company. The company, which now has over 800,000 customers in Spain, expects to grow its userbase with […]
submitted by /u/relaxxed_ [link] [comments]
Stable Coins (USDC, USDT, BUSD, etc.) https://coindix.com/?ref=reddit&sort=-apy&chain=ethereum&kind=stable Pool Protocol APY DAI Bancor 72.31% USDT Bancor 70.85% USDC Bancor 66.70% Ethereum (ETH, stETH, etc.) https://coindix.com/?ref=reddit&sort=-apy&chain=ethereum&kind=noimploss&name=ETH Pool Protocol APY ETH-BNT Bancor 47.55% ETH Bancor 47.02% aETHc Yearn 15.55% Bitcoin (BTC, WBTC, renBTC, etc.) https://coindix.com/?ref=reddit&sort=-apy&chain=ethereum&kind=noimploss&name=BTC Pool Protocol APY WBTC Bancor 52.23% WBTC-BNT Bancor 51.97% HBTC Yearn 2.79% Full…
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Ethereum competitor Near Protocol raised funds for Web3 adoption, with Three Arrows Capital and Andreessen Horowitz supporting the PoS blockchain.
