Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Korean Incubator Hashed Raises $200 Million for Web 3.0 Investments

Hashed, a Korean blockchain VC firm, has announced the launch of Hashed Venture Fund II, a new fund that will focus on investing in Web 3.0-based startups. The fund raised $200 million for these investments, and while the company did not disclose those who participated, it did announce it will be scaling operations to have […]

Podcast: Future of Polygon making Blockchain “invisible” | Venly Expert talk Ep. 8

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

Here are a list of coins/tokens I invested in many moons ago and are now worthless.

Thought this might be fun. Since I bought a majority of my crypto a while ago I left it for some time and recently reviewed much of it to make sure I didn't need to do anything. Several needed attention (chain swaps, upgrades, etc) and it was a good exercise to make sure my Ledgers…
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SPECTACLE on hotbit> brand new

New>> get in now while it's cheap as heck submitted by /u/Krackajack13 [link] [comments]

Renowned Poker Star Doug Polk Becomes Coinflex’s First Global Brand Ambassador

PRESS RELEASE. On the back of a big year for CoinFLEX, the crypto derivatives exchange that now powers the Bitcoin.com exchange, has just launched its brand ambassador initiative to expand its global community. CoinFLEX’s first brand ambassador is world-renowned poker star, Doug Polk. Doug Polk is one of poker’s most well-known superstars, having won over […]

Gas fees when buying on OpenSea?

The gas fee is ~ 220 USD when the nft costs only 5 USD. Is it supposed to be this much? How to lower the gas fee? What should I set the gas limit, max priority fee & max fee for? Thanks submitted by /u/corjs [link] [comments]

Boost the Ecological Value: What can aelf’s Node Election Bring to its Participants

With a total of 4,593,284 valid tickets (which equates to more than 4.5 M ELF tokens/ $2.34M) locked on the mainnet governance system, aelf blockchain opened its globalized node election on Nov. 18th, 2021. Candidates will join the governance system equally, being selected or voted with locked tokens as tickets. The publication enabled the listing of well-prepared candidate nodes immediately. The listed candidates include blockchain heavyweights like Huobi Pool, 8BTC, bountyblok, and RockX. So why is this important? How could the elected nodes contribute to the construction and development of aelf’s networking? In this article, we will walk you through why this event has attracted qualified candidates; how the community could benefit from democratic voting; and we will take a glimpse into aelf’s promising ecological future. aelf Motivates Ecology Constructors with Bountiful Profits Thanks to the aelf Economic and Governance Whitepaper, aelf mainnet is capable of locking a significant amount of assets while embracing powerful node partners by providing considerable rewards. On one hand, there is a low threshold with high APY to become an aelf production node. aelf nodes run on cloud service centers, the costs of which are lower than the traditional physical format. Candidate nodes are required to stake 100,000 ELF tokens to participate in the election. Once elected, production nodes on aelf mainnet could receive the income with the APY at more than 95.6%. The triple features make aelf a more alluring choice for nodes in comparison to others in the market. On the other hand, there is a very profitable incentive mechanism on aelf mainnet. ELF holders can receive a weekly Citizen Welfare by staking their token assets to vote for the candidate nodes. The Citizen Welfare scales 75% of the main chain dividend pool. “aelf voting session is a zero barrier to entry free system, connecting voters who are looking to support quality Block Producers (BPs) while being rewarded with a percentage of the additional BP income,” said Haobo Ma, CEO of aelf. The Constructors’ Feedback to the Network with Integrated Capabilities Similar to the proof-of-stake (PoS) consensus, aelf deployed its own AE-styled delegated PoS consensus, where validators are voted for by the rest of the token holders on the network. According to aelf, 17 elected BPs will participate in confirming the transactions of the network. Once elected, the BPs will then be tasked with upholding the integrity and accuracy of the network by coming to a majority consensus on data or transaction blocks that must be added to the network. Other than the pure stake of ELF tokens, BPs also invest in the network in the form of infrastructure, community support, development, and many more. Shortly, BPs will join mainnet aelf’s inaugural Top of OASIS hackathon as judges. Later this year, they will also function as the decision-makers in the sidechain auctions and many more. The collective actions can have a real impact on the future of the gradually opening aelf ecological network. More information will be subject to aelf team on Twitter and Telegram.  

CNN Business: Inflation can actually be good for everyday Americans and bad for rich peopple.

I'm curious whether people buy this shit. Inflation is good for the poor but bad for the rich lmao. Who writes this nonsense. “You see, you broke already; it doesn’t matter if you more broke now, it’s a double negative and shit when you multiply two negatives it becomes positive. If you are rich, it’s…
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Is Bitcoin’s Taproot upgrade a threat to Ethereum?

It's my understanding that one of the main things ETH had over BTC was that it allowed smart contracts whereas Bitcoin did not. Does the fact that Bitcoin can now support smart contracts via its Taproot upgrade in any way threaten Ethereum? ​ What are the things that make Ethereum superior to Bitcoin? submitted…
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Crypto Scams Are Always There. Avoid Getting Rug-pulled With These Tips

Cryptocurrency has captured the world’s attention after the pandemic, and notorious scammers have taken notice too. With the rising popularity of altcoins and meme tokens, there will be an upsurge of new crypto scams taking place on Telegram. What is a Scam? Scam, rug pull, you name it. They’re everywhere: Telegram chats, groups, fake communities. But what exactly is a rug pull? The next level. They happen when developers create a token paired with a valuable cryptocurrency, list the token on decentralized exchanges (DEXs), and then pull out all the funds. In simple words, a crypto rug pull occurs when the developers abandon a project after cashing out investors’ capital. Consider the recent “Squid Game” scam where the developers created a ‘Play-to-earn’ SQUID token, drew in buyers, inflated the prices and made off with $3.38 million, according to Gizmodo. How to spot a Rug Pull? Though seasoned scammers create the Rug pulls, it is easy to spot them if the investor pays close attention to the following signs. Low Liquidity Low liquidity means it is difficult to convert the tokens to cash as the developer had limited funds to create the token. It is easier for the developer to manipulate the token’s price when the liquidity is lower. The best way to check liquidity is by looking at 24hr trading volume, which should be at least 20% to 40% of the coin’s total market cap. Low TVL(Total Value Locked) TVL refers to the total amount invested in a particular project and is a reliable metric to check the project’s authenticity. A legitimate project will have a few billion invested, whereas a scam project might have a few hundred dollars. How to avoid a Rug Pull? Here are some tips to avoid Rug pulls and exit scams Read the Documentation Every project should typically have a whitepaper, which provides investors with information like the concept, purpose and technology behind the project. A well-drafted whitepaper provides legitimacy and a professional outlook to the project. A poorly written or copied whitepaper is repulsive and considered a red flag. Follow Social Media Channels A scam token might usually have an essential, low-traffic website and social media channels that were created recently. At the same time, the most successful projects will have an active presence, investor outreach and community engagement. There will be active updates on platforms like Twitter, Telegram and Discord channels. For Instance, CrypTalk is an encrypted messenger that verifies projects legitimacy and keeps investors in a safe place with access to KYC, charts, audits, reports, market cap, and bring exposure to valuable projects. Using Tools There are online tools that can detect a rug pull, like Token Sniffer and RugDoc. For a high level of scam detection, Etherscan or Binance Smart Chain explorer can help users evaluate the project’s legitimacy. However, navigating through different apps is time-consuming and information is always limited. Closing Thoughts With the Crypto industry growing bigger and garnering a lot of attention, rug pulls have become prevalent in DeFi and, to some extent, in NFTs. Most of these scams are well planned, marketed intensively and executed brilliantly. By following the tips, conducting due diligence and conceptual research analysis on prospective projects, you can decrease the chances of being Rug pulled. Be an intelligent investor, not a greedy one!