The efficiency and potential of blockchain technology are widely recognized and accepted globally. While it has primarily been utilized in cryptocurrency systems, smart contracts, and the Internet of Things, various new industries such as academics, finance, banking,...
Month: March 2023
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A mysterious entity may be collecting BTC users’ IP addresses
According to a pseudonymous Bitcoin app developer's blog post, 0xB10C, an entity has been collecting data from Bitcoin users using a variety of 812 IP addresses to hide its identity. The entity has been active since March 2018 and linked to several public posts from...
Tech executives and Elon Musk ask for a halt to AI research
According to the letter's writers, the development of artificial intelligence might significantly impact Earth's history, for better or ill. An open letter signed by more than 2,600 IT industry leaders and researchers calls for a temporary halt to further artificial...
Zero-knowledge proofs are used in the launch of Polygon’s web-3 identification service.
A QUICK TAKE. A web3 identification service that can authenticate user credentials without disclosing personal information was released by Polygon's web-3. The team claimed that its ID solution would be helpful for Know Your Customer procedures involving blockchain....
Complete Guide to Ethereum Layer 2 Solutions
With Ethereum layer 2, anyone can create decentralized applications, launch tokens, and digital exchange currency. Because of its wide range of capabilities, Ethereum is a highly usable virtual computer, which accounts for the fact that it processes more than 1...
Week 14 Altcoins Analysis
Although Bitcoin increased in value during the last week, in Week 14 Altcoins Analysis altcoins regularly did not, and this was also because of the rise of BTC.D. However, given that BTC.D should correct by up to 42%, altcoins will perform well pumps if Bitcoin...
Week 14 BTC Bitcoin Analysis
Last week, Bitcoin's boring downtrend continued. On Week 14 BTC Bitcoin Analysis, the market is taking more risks due to the Federal Reserve's 0.25 increase. On the other hand, the market is avoiding risk because of fundamental problems like the FEC lawsuit against...
Binance CEO CZ rejects allegations of market manipulation
Changpeng 'CZ' Zhao has denied the accusations made by the Commodities Futures and Trading Commission (CFTC) against Binance on March 27. The CEO of Binance has claimed that the crypto exchange does not manipulate the market or trade for profit. In a blog post on...
Different Types Of Crypto Wallets – Explained
Numerous exchanges and wallet providers have entered the market as users' demand for new ways to spend, swap, and store their cryptocurrency continues to grow. As a result, users of cryptocurrencies now have a wide range of options for managing their holdings. It can...
Stablecoins: Definition, Operation, and Types.
Stablecoins are digital currencies whose value is linked to another coin, good, or financial instrument. The high volatility of the most widely used cryptocurrencies, such as Bitcoin (BTC), has made investing in cryptocurrencies less suitable for everyday...
Is Sunflower Farm (SFF) Crypto a good investment in 2023?
Sunflower Farm (SFF) Crypto is the native cryptocurrency and reward token of the Sunflower Farmers game. It is an ERC-20 token built on the Polygon network. The Sunflower Farmers game is an NFT farming game that allows players to earn tokens by planting and harvesting...
Federal Reserve confirms July launch for FedNow instant payment service
The Federal Reserve in the United States is launching the FedNow service in July, enabling instant payments between financial institutions, merchants, and consumers without relying on blockchain technology. This move is significant because it is controlled by the...
According to Gensler, staking token operators should “attempt to comply.”
The SEC chairman was speaking to the media impromptu following a commission meeting when he was questioned about a comment made by the CFTC chair. Gary Gensler, the United States Securities and Exchange Commission chairman, stated that proof-of-stake coins might...
What Exactly Is a Non-Fungible Token (NFT)?
A non-fungible token (NFT) is a special asset that cannot be duplicated or readily interchangeable. An NFT functions as a blockchain-based digital certificate of ownership for tangible and intangible assets. The most frequent connection between NFTs and digital...
ChatGPT v4 aces the bar and SATs and can identify exploits in ETH contracts
GPT-4, the latest version of the AI chatbot ChatGPT, outperforms its predecessor in various aspects. It can score in the 90th percentile on high school and law school tests, while the earlier version typically achieved in the bottom 10%. Additionally, GPT-4 has new...
Anchorage Digital, has laid off 20% of its employees
Anchorage Digital's layoffs may be related to the present banking sector instability in the United States. Anchorage Digital, a cryptocurrency bank, announced the layoff of 75 people, or around 20% of its personnel, citing regulatory uncertainty in the United States...
Button Price Prediction 2031, will it pump?
Button (Butt) has had a busy 2021. To make the newest BUTT price forecast easier to understand, we separated it into two parts: short-term BUTT price prediction and long-term BUTT price prediction. BUTT had a trading volume of $1,026.27 at the time of writing. Button...
Invest Wisely: How to Buy BabyKitty (BABYKITTY)
BabyKitty (BABYKITTY) is a 2021 cryptocurrency based on the BNB Smart Chain (BEP20) technology. BabyKitty (BABYKITTY) currently has a supply of 9,007,199,254,740,991 and has 0 in circulation. This token is definitely a scam. The website is not unavailable and does not...
What Exactly Is Bitcoin Mining?
For new bitcoins to enter the market, they must first be mined. It is essential to developing and maintaining the blockchain ledger and how the network confirms recent transactions. A complex computational math problem is solved during "Bitcoin Mining" using...
Week 11 Altcoins Analysis
According to Bitcoin's movement, in Week 11 Altcoins Analysis, altcoins will briefly rise to the Fibonacci area of 0.236 for the correction of the return wave before the slide resumes. Which altcoins will have a stronger association with Bitcoin? It depends on the...
Week 11 BTC Bitcoin Analysis
According to the previous week's analysis, in Week 11 BTC Bitcoin Analysis Bitcoin has corrected to the $20,000 range. Although many experts attribute this correction to the events at SVB Bank and the consequent depegging of stablecoins, this correction was perfectly...
Coinbase, Celsius, and Paxos disclose money in Signature Bank
Numerous cryptocurrency businesses relied on the crypto-friendly Signature Bank, some of which have voluntarily disclosed their exposure to the recently shut-down company. Some cryptocurrency companies with funds allegedly linked to the now-defunct Signature Bank...
Biden promises to hold those accountable for the SVB and Signature collapses.
On Twitter, US President Joe Biden stated that he is "firmly committed" to bringing individuals responsible for the SVB and Signature collapses "totally accountable." President of the United States, Joe Biden, has promised to take individuals responsible for the...
Liquidity Pool in Crypto
We've recently entered a new financial and technological era thanks to several developments in the cryptocurrency landscape. The world learned an inventive method for transforming traditional financial systems, which are frequently rife with many problems. For...
Circle intends to use corporate funds to make up for the lack of liquidity in Silicon Valley Bank.
When banks open on Monday morning in the United States, USDC liquidity operations will "resume as usual," enabling 1:1 USDC redemption with the U. S. dollar. Following Silicon Valley Bank's closure, USD Coin issuer Circle announced on March 11 that it would use...
Failure of Silicon Valley Bank might lead to a run on US regional banks
Over 40,000 Silicon Valley Bank depositors, according to a petition requesting authorities to intervene, are small companies. According to former Bridgewater executive and CEO of investment firm Unlimited Bob Elliot, decisions made by the Federal Reserve and the...
Everything about PoolTogether: the crypto lottery where you never lose
With the emergence of decentralized finance (DeFi), peer-to-peer financial solutions have been developed, allowing users to lend cryptocurrency to other users and stake money in liquidity pools to facilitate trading. However, this one does not make much sense at...
What is the Shanghai ETH update?
The Shanghai ETH update Proof of Stake consensus mechanism has been eagerly anticipated by those who hold stakes in the cryptocurrency. Besides impacting staking, it also affects how much ETH is in demand on the market. Knowing what Shanghai will do and how it might...
Ether and stablecoins are “going to be commodities,”
The CFTC chief has triple-downed his opinion that Ether and stablecoins are commodities in the tug-of-war between the US regulators over control of crypto assets. At a recent Senate hearing, the head of the US Commodities Futures Trading Commission (CFTC) reiterated...
What Is an Ethereum Virtual Machine (EVM)?
Because of its native ETH token, eth, the second-largest cryptocurrency by market capitalization, is well-liked by cryptocurrency investors. Its native Solidity programming language and Ethereum Virtual Machine (EVM) play a significant role in the praise it receives...
The First Bitcoin NFT auction by Yuga Labs generates $16.5M
The highest bidder purchased one of the 288 Bitcoin Ordinals-based NFTs, who offered slightly over 7 BTC. The first-ever Yuga Labs Bitcoin Ordinal NFT collection's auction has finished, bringing in $16.5 million for the company in just one day. One of the Bitcoin NFTs...
After rumors, Lido’s LDO Token fell 10%.
Lido's LDO token fell 10% on Saturday due to a rumor that the U.S.A Wells Notice was delivered by the Securities and Exchange Commission (SEC) to the biggest Ethereum staking service. Regarding whether the protocol had been notified, a Lido spokesperson opted not to...
The Essential Guide to GMX Staking
Decentralized spot and perpetual exchange GMX staking allow deals with no price influence and inexpensive swap costs. A unique multi-asset pool that supports trading generates fees for liquidity providers via market making, swap fees, and leverage trading. In essence,...
Silvergate shuts down Exchange Network and gives BlockFi $9.9 million.
The bank is ending its cryptocurrency payment network, citing a risk-based judgment as the reason for the move. The cryptocurrency bank Silvergate stated on March 3 that it is ending its network for exchanging digital assets, citing a "risk-based decision" as the...
The decentralized storage platform introduces perpetual storage and community satellite.
The most recent update encourages community involvement in the ecosystem and makes enterprise storage economically viable for everyone. Decentralized storage platforms are gaining ground on well-known centralized providers like Amazon Web Services, Google Cloud, and...
The Australian central bank will begin a “live trial” of CBDC.
The CBDC's use cases varied from offline payments to "trusted Web3 commerce," and financial industry members were asked to participate in a live experiment. According to a joint statement from the Reserve Bank of Australia and the Digital Finance Cooperation...
What Is Huh Token and Should I Invest in It?
The HUH token, which debuted in December 2021, is a fantastic illustration of how rapidly values may fall if investors suspect fraud and how effective social media can raise the price of cryptocurrencies. Even though the token claims to be useful, its gains in...
Coinbase starts a campaign to support crypto legislation
Voters may join through a URL supplied by the firm to get information about local lawmakers' cryptocurrency policy. According to a corporate Twitter thread dated February 28, Coinbase has started a grassroots political effort to support crypto legislation. For...
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