The Future of $600 Million Robinhood Shares in Jeopardy as Emergent Fidelity Files for Bankruptcy
Emergent Fidelity Technologies, a firm co-founded by FTX founder Sam Bankman-Fried and former executive Gary Wang has recently made headlines with its filing for Chapter 11 bankruptcy protection. This move has sparked questions about the future of the company and its valuable assets, particularly its 56 million shares of Robinhood Markets (HOOD) stock.
The Value of Robinhood Shares
With a current value of over $600 million, these Robinhood shares have quickly become a highly sought-after asset for various companies, including creditors of FTX. The shares have also been pledged as collateral to bankrupt crypto lender BlockFi, which placed its own claim on them last year.
Despite Bankman-Fried’s argument that he should retain control of the shares, federal officials moved to seize them in January. This has sparked a heated debate over who should have control over these valuable assets.
Ownership Structure of Emergent Fidelity
Bankman-Fried is the owner of 90% of Emergent Fidelity, while Wang holds the remaining 10%. However, with the bankruptcy filing, it is unclear what the future holds for the company and its assets.
The exact details of Emergent Fidelity’s bankruptcy filing could not be immediately obtained. It remains uncertain what debts the company is claiming at this time. The bank proceedings will start in the coming weeks and everyone is waiting to find out what the future holds for the creditors
Is There a Future For RING FINANCIAL And Other DEFI Protocols?
Financial technology (FinTech) is rapidly changing the way people access and manage their money. The rise of digital currency and decentralized finance (DeFi) protocols has opened up new possibilities for users to manage and invest their money. One of the most popular DeFi protocols is RING Financial, which recently gained attention in the crypto community, but unfortunately ended up crashing.
In this blog article, we will explore RING Financial and other DeFi protocols and discuss their potential for the future. By the end of this article, you should have a better understanding whether or not if RING Financial was a scam or not, including the potential of other DeFi Protocols.
What Is Decentralized Finance (DeFi) and How Does It Work?
DeFi or Decentralized Finance is an emerging sector in the cryptocurrency market. It is a revolutionary way of financing and trading digital assets without the need for a third party like banks or brokers. DeFi has gained immense popularity in recent years as it offers a secure, transparent, and decentralized way of trading and investing in cryptocurrencies.
DeFi is a form of financial services that are offered on the blockchain. It utilizes smart contracts and other crypto-based technologies to provide a secure and trustless environment for users to participate in various financial activities. This includes trading of tokens, lending, borrowing, and investing. With DeFi, users can access a variety of financial services without the need for a third party like banks or brokers.
DeFi is also believed to be the solution to many of the scams and frauds that have been prevalent in the cryptocurrency industry. By leveraging the trustless and secure nature of blockchain networks, DeFi offers a secure and reliable way of trading and investing in cryptocurrencies.
But it should be noted that not all DeFi’s are secure and some of them have failed. This is the case for RING Financial
Failure of RING Financial (RING Financial scam): What is it about?
The decentralized finance (DeFi) protocol RING Financial was used. The protocol’s goal was to give users access to several aggregated DeFi protocols. The RING Financial Token, the protocol’s native token, was constructed on Binance Smart Chain.
RING aims to enhance the field of passive income generation through innovation. In order to make DeFi accessible to everyone, RING Financial is developing a multi-chain Yield Processing Node. Sadly, numerous hacking efforts led to the platform collapsing.
RING Financial was one of the most promising DeFi’s, but hackers leaked the Smart contract and emptied the liquidity pool which lead to 80% drain of the funds..
Is there a Future for DeFi Protocols?
DeFi is a revolutionary concept in the cryptocurrency market that has opened up a world of opportunities for token holders. It has enabled users to access a variety of financial services without the need for a third party. Furthermore, DeFi has made it possible for users to trade and invest in cryptocurrencies with a greater level of confidence and security. Therefore, DeFi is quickly becoming the preferred choice for noders.
However, after the failure of some DeFi’s as RING Financial and GetGems (GEMZ) which were considered very promising, token holders are now very sharp on their choice. The consequence is that in the next few years, there might be a lack of token holders in DeFi if we continue to see consecutive failures.
Are DeFi scams ?
We can’t directly say that DeFi are scams. Because, as we saw earlier in this article, they have several advantages.
However, there are DeFi’s that are scams and well-organized frauds. DeFi scams include rug pulls, honeypots, phishing attacks, fake Google ads, exploits and vulnerabilities, and scam airdrops. It’s important to be aware of these scams and take steps to protect yourself, such as researching the project or token thoroughly and verifying the smart contract code. Additionally, be aware of the potential for fake celebrity endorsements, and remember that if something appears too good to be true, it probably is.
Tips for Investing in DeFi Protocols
When investing in DeFi protocols, it is important to keep the following tips in mind:
- Do your own research: Make sure that you understand the risks associated with investing in any DeFi protocol before investing.
- Diversify your investments: Don’t put all your eggs in one basket. Diversify your investments to minimize risk.
- Only invest money you are willing to lose: DeFi protocols are highly volatile, and your investments could go up or down. Make sure that you only invest money that you are willing to lose.
- Monitor the market: Make sure to monitor the market and watch out for any changes or developments.
To recap, there are a number of pros and cons to investing in DeFi protocols. The main pros are that they are secure, trustless, and transparent, and they offer users a range of features and incentives. The main cons are that they are highly volatile and may be subject to hacks or scams.
It is also important to diversify your investments and to only invest money that you are willing to lose.
The Future of DeFi Protocols – Points to keep in mind
The popularity of DeFi and other cryptocurrencies has grown significantly over the past year and is expected to continue to do so. This is because it provides a way for people to access financial services that are not available in traditional banking systems. It also provides a secure and transparent way to store and access funds, which is especially important for those who are concerned about the security of their money.
DeFi is changing the way we think about money and finance, and it is quickly becoming a popular form of investment. As more people become aware of the potential of DeFi and cryptocurrencies, there is sure to be an increase in the number of people who are looking to capitalize on the new opportunities that DeFi provides.
However, it is important to understand the risks associated with investing in any DeFi protocol before investing.
However, the platform had experienced some security problems, which led to a series of attacks. Hackers took advantage of this flaw to scam and commit fraud in the name of RINGFinancial. New projects are being set up with all the necessary security measures.
| Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Relist XRP on Coinbase Trends: What’s The Future of XRP After Being Declared Not a Security
Ripple vs SEC lawsuit has become more fascinating after the latest hearing of the LBRY vs SEC lawsuit on January 30. During the hearing, the Judge made it clear that digital assets traded in the secondary markets are not securities. With the judgment, the sentiments for the Ripple vs SEC case have been coiling up with an expectation of a similar judgment to be produced soon.
A couple of years before, when SEC framed charges against Ripple on charges of illegal sale of XRP, all the US-based exchanges had delisted. Meanwhile, this did not impact the XRP price to rise but the adoption remained restricted. However, the company stood strong fighting all the allegations and bringing the case close to its closure.
Furthermore, now that LBRY and XRP are not considered securities, there is a strong push to relist the XRP token.
It has to be noted that, Coinbase was never forced to delist XRP, but it choose to delist on there own out of fear of the SEC. Now that Coinbase shareholders & investors deserve to trade XRP, it’s time for the platform to make a stand. Moreover, US traders are also deprived of the recent Flare token airdrop.
Coinbase exchange has been one of the most popular crypto exchanges of all time and a positive step towards relisting XRP may not only uplift the token’s price but the entire crypto space.
Ripple vs SEC: A Game-Changing Battle for the Future of Cryptocurrency in The US
The U.S. Securities and Exchange Commission has an ongoing lawsuit against Ripple Labs, the company behind the cryptocurrency XRP (SEC). The SEC claims that Ripple Labs raised billions of dollars through an unregistered securities offering and that XRP is a security. The lawsuit is being fought in court by Ripple Labs, which has denied the accusations. The verdict in the case can have enormous repercussions for the crypto space.
The whole cryptocurrency sector has been heavily invested in the result of this litigation for some months. However, it’s intriguing to see that even banks are now paying close attention to this litigation.
IG Bank, a London-based company, wrote a piece about the Ripple v. SEC lawsuit late last week. The news is intriguing because it demonstrates that major financial players are still paying attention to the crypto business.
IG Bank’s Report
IG Bank is a Swiss-regulated financial company that provides professional clients with investment and trading services. It noted that an “SEC victory could severely limit the ability of crypto companies to grow.”
Furthermore, crypto companies like Ripple frequently introduce new coins in order to make income. The bank went into detail about the case, concluding that, “A positive outcome for Ripple could see XRP soar, but with the case in the air, this is far from guaranteed.”
How The Ripple Lawsuit Could Shape The Future
John Deaton, the founder of Crypto Law and a supporter of Ripple, recently tweeted an ominous warning that the sector would soon see the most aggressive attempt to shut down cryptocurrency.
This was said following a White House policy brief on minimizing the crypto risks. The statement read as follows.
“We have spent the past year identifying the risks of cryptocurrencies and acting to mitigate them using the authorities that the Executive Branch has.”
The future of regulation in the US is still very ambiguous. This remark and the SEC’s ongoing enforcement crackdown both send out unfavorable messages. On the bright side, the recently appointed chair of the House Financial Services Subcommittee on Digital Assets wants America to be the leader in fintech innovation.
This makes the Ripple case much more important. A successful outcome for Ripple will encourage fintech companies to operate in the United States. The opposite conclusion will almost certainly result in a mass exodus of crypto companies and talent.
The XRP price today is $0.400420 USD. The current market cap of $20,342,774,891 USD. The date of the final hearing is just around the corner.
With so much at stake, the Ripple vs SEC lawsuit has become a defining moment for the future of cryptocurrency regulation. The outcome of the case will have far-reaching consequences, not only for Ripple and XRP but for the entire crypto industry. As the date of the final hearing draws near, the crypto community waits with bated breath to see what the future holds.
Ripple Vs SEC: Judge Torres Holds the Key to Ripple’s Future: Deaton Claims “Outright Victory” in Court Battle
After years of litigation between Ripple (XRP) and the SEC, the judge’s closing ruling could be the final stage. There have been numerous theories and predictions made in relation to this lawsuit. The majority of individuals predict a settlement, while others anticipate a judge’s ruling.
If Ripple wins their lawsuit, it will help to strengthen XRP’s legality in the US market, which will enhance its price. It is also advantageous to the entire crypto sector since it provides clarity and confidence in cryptocurrency. The U.S. Commodity Futures Trading Commission (CFTC), the SEC, and any other financial compliance organizations must all be fully aware of their responsibilities and regulatory obligations.
However, if XRP loses, it could have serious consequences for XRP, its investors, and the cryptocurrency industry as a whole. The SEC would have the power to fine Ripple Labs and order the business to register XRP as a security.
The Community Speculates
A crypto enthusiast by the name @JayVTheGreat has claimed on Twitter that Ripple is most likely going to lose in its lawsuit against SEC. The user had doubts about how Ripple would conduct its transactions. Another reason cited is that Ripple has failed to make a compelling case for anything but the blue sky laws on whether an actual contract is needed or not. He went on to suggest that the Hinman emails are Ripple’s last hope because chairman Gary Gensler refuses to budge.
In response, John Deaton, a well-known blockchain attorney and the founder of CryptoLaws, intervened and brought smiles to the faces of the XRP community by outlining how Judge Analisa Torres might award Ripple an outright win. Deaton said in a thread on Twitter yesterday that he does not think Judge Torres agrees with the Blue Sky position, but he thinks Ripple might prevail in the SEC in the protracted legal dispute that has lasted for more than two years.
SEC Receives Backlash
The Securities and Exchange Commission was criticized by FOX Business senior correspondent Charles Gasparino for mishandling its regulatory agenda by prosecuting Ripple rather than the bankrupt crypto exchange FTX. The regulator charged Ripple, he continued, despite the fact that it is obvious that bitcoin exchanges are typically the source of major fraud.
Deaton continues to back Ripple while criticizing the SEC. For the longest period, he has been true to his prediction. He contends that during the three meetings they had, the SEC ought to have disclosed to Ripple officials that XRP is a security. The blockchain attorney thinks that as a result, the jury will have no trouble ruling against the SEC in this case.
Does The Future Of Digital Assets Hinge On The Ripple Lawsuit’s Outcome? Experts Weigh In.
Cryptocurrencies have spent the majority of 2022 in a slump caused by scandal, financial losses, and a public perception issue after reaching a high market value of $3 trillion in 2021.
The FTX collapse shook the cryptocurrency sector. Millions of dollars were invested in the company by renowned investors. Huge losses were also suffered by countless individual dealers. With concerns growing regarding the health of other industry titans like Binance and Crypto.com, it represents one of the biggest issues for cryptocurrency to date.
The Ripple vs SEC case is very crucial for the entire crypto industry. Let’s see why and how?
Ripple’s General Counsel Speaks Out
Ripple’s General Counsel, Stuart Alderoty, expressed his opinion on how significant the XRP case verdict is for the crypto sector. He continued by saying that the decision of the Ripple case will probably have a significant impact on the future of digital assets in the US.
If the SEC prevails in the legal dispute, XRP will no longer be regarded as a currency in the US but rather as a security in 2022. In turn, this might create a legal standard that leads to the classification of related cryptos as securities.
According to Ripple’s general counsel, selling an asset on the secondary market is analogous to selling a commodity and therefore these assets ought to be governed similarly.
Has the FTX debacle weakened the Ripple case?
The recent failure of Sam Bankman-FTX Fried’s cryptocurrency exchange has caused a sharp decrease in the market for digital assets, highlighting the urgent need for legal restrictions.
Former SEC executive Joseph Hall stated that the latest crypto market debacle could affect the court’s decision. He added that the US watchdog will work hard to make it obvious that if the judge finds against them, they will be unable to counter FTX-type situations in the future.
The SEC is sticking to the claim that Ripple is a common enterprise. This claim has become a big issue for the commission once again. The defendants claim that the XRP does not pass the security test because it was sold on the secondary market. It goes on to say that there was no such profit sharing.
Everyone awaits the conclusion of the lawsuit. Ripple winning could provide a lot of clarity in the industry, with an increase in value and trading volume. On the downside, it could appear as a blow to the SEC’s efforts to regulate the cryptocurrency market and enforce investor protections.
What Is The Future Of NFTs In Gaming?
NFT game development is now a significant component of the gaming industry. Since the invention of non-fungible tokens in 2012, a growing blockchain with NFT-based games has become immensely popular. Players can purchase virtual lands in-game on gaming platforms to earn real money. Several markets, including Opensea and Cryptopunks, fuel the recent NFT revolution.
The NFT gaming industry has grown steadily since its inception and promises to revolutionize the gaming landscape. Players used to have to pay to play their favourite games, but NFTs have opened up new possibilities where players can own, trade, and sell in-game digital assets and have the chance to make a respectable living from their games.
Introduction to Play-to-Earn NFT Gaming
These NFT gaming platforms let users interact with a larger NFT ecosystem while playing games to make money. Certain games offer players rewards, such as NFTs and tokens that can be redeemed or sold. Several other games provide in-game assets that can be sold on marketplaces. Players can come here to purchase items that enhance their gaming experience.
The rarity and aesthetic appeal of in-game items generally affect their value. Virtual land on the Decentraland metaverse can be sold easily for having a clear understanding of what can be earned from in-game assets.
What Are NFTs?
Non-fungible tokens, or NFTs, are digital assets with unique encryption that can be traded on blockchain platforms like Axie Marketplace, Opensea, and Ethereum. NFTs can be found in digital assets, including metaverse virtual lands, original artwork, videos, Tweets, and images.
NFT games, produced using blockchain technology, are regarded as play-to-earn video games. The games include NFTs as in-game goods that let players exchange one good for another. The well-known NFT games Axie Infinity, Sandbox, Gods Unchained, Alien Worlds, Star Atlas, Battle racers, Dogami, and spider tanks come to mind in this context.
As with anything in crypto, it is important to have the best information about NFTs games and CasinosBlockchain offers an in-depth analysis about the top blockchain game.
What Is the Future of NFT Games?
NFT gaming, like blockchain technology, is constantly advancing the gaming industry. They have altered the conventional model in which powerful institutions gain the most from someone using their system.
NFTs have a massive pull with gamers and has been tagged the technology of the future by industry experts. The current state of crypto gaming means that there are several improvements that can be achieved with NFTs.
Some of these include.
- Better Play-to-Earn Models
Gamers are primarily interested in crypto gaming due to NFT-based games that allow them to earn money from gaming. The existing ecosystem consists of several games that integrate shoddy economics and are unsustainable.
As the market for cryptocurrency and NFTs grows, there’s expected to be better gaming experience and tokenomics that will provide sustainability and better-earning features. Several VCs have begun backing game development companies looking to build sustainable play-to-earn models.
Crypto gamers need to be assisted in their online journey and advised on how to play safely while having as much fun as possible.
- Surreal gaming experience
The concept of the metaverse is one that has gained attention and popularity in recent months. With the aim of combining virtual reality and augmented reality to develop a virtual world ecosystem, NFTs have a huge role to play in this emerging sector.
Metaverse games have emerged allowing users to own avatars, explore different worlds and play games for money. NFTs offer the ability for game developers to tokenize this experience and enable gamers to have a customizable and surreal gaming experience.
Activities like music festivals or concerts can be performed virtually and users can attend using their NFTs as tickets. Furthermore, NFTs can be used as access cards to different virtual worlds which harbour unique games for users.
Final thoughts
NFTs have emerged as a disrupting force in the traditional gaming space with a lot of potential and use cases.
Are DAOs The Future Of Governance?
World governments have shown a growing interest in blockchain technology in recent years due to its potential to simplify the complex process of governance. Thus far, the examples include implementing blockchain into the electoral process, digitizing land registry whereby a blockchain can record detailed information on a sales transaction, adopting blockchain to improve the efficiency of public healthcare systems, and even using the technology to combat corruption.
Asian countries have long been early adopters of new technology encouraging people to embrace new innovations and opportunities. Perhaps among the first to investigate the potential of Decentralized Autonomous Organizations (DAOs) is the Japanese government. At the beginning of November, the Digital Agency of Japan announced its intentions to convert its Web3.0 Study Group initiative into a full-fledged DAO. The goal is to grant a study group the means to explore the functions and roles of DAOs, and in turn, influence the Japanese government’s further investment in Web3 technologies and systems.
What is a DAO?
A decentralized autonomous organization (DAO) is an entity with no central leadership. DAOs are a ground-breaking use case for blockchain technology, representing an innovative approach to business management. Decisions get made from the bottom up, governed by people organized around a specific set of rules enforced on a blockchain. It is collectively owned and controlled by its members. In other words, DAOs allow Web3 communities to scale and grow without the risk of falling into an oligarchy, where the few rule over many. Smart contracts, used by DAO members, serve as a set of rules which is enforced in a trustful, objective manner due to blockchain technology.
Japanese DAO Exploration Initiative
The study group’s overall purpose is to better understand the application of blockchain technology. In October, the Prime Minister of Japan Fumio Kishida announced that the country would work to promote Web3 services, especially those related to NFTs and the metaverse. The newly established Digital Agency of Japan aims to investigate aspects of digital assets and DAOs that could potentially be used for “cross-border crimes that exploit blockchain technology” and threaten user protection.
Japan’s DAO initiative is part of a government agency-led program and therefore, its goals are to enhance the Japanese government’s capabilities. It means that the DAO hopes to serve as “a role model in the future,” and promises to publish its “establishment template” along with any other pertinent documents, according to the Digital Agency of Japan’s announcement. Among the crypto-focus tasks, the study group aims to open a digital wallet and coordinate gas charges, which are the fees behind crypto transactions. In addition, voting methods will be determined in a sense of how the DAO should be organized.
Are DAOs the Future of Governance?
DAOs are seen as a potential solution to corruption and bureaucracy in governments worldwide because of its purported transparency and efficiency. Today, most countries provide public services through the internet since it enhances government productivity and efficiency. However, current electronic government services are still centralized and rely heavily on people to control or oversee them. Thus, the system is extremely vulnerable to external assaults due to its lack of decentralization. Since the operational process of e-services depends on individuals, there is a risk of collapsing and room for corruption and bureaucracy.
With a blockchain-based government-DAO (eGov-DAO) people will be able to monitor and evaluate e-government services in real-time. Moreover, it will bring transparency, better efficiency, and resource management. Blockchain allows also to protect all records for auditing, reducing litigation between parties and speeding up contract allocation and execution. Regarding security, e-Gov DAO would help to prevent the system from hackers while lowering IT infrastructure costs.
Overall, this approach has plenty of benefits for both governments and the people. However, to adopt any Web3 technology, like DAOs for instance, a state needs to have smart regulations. Governments, globally, should devise rules that support a level-playing field for all providing the environment for innovations to flourish. Blockchain opportunities could remain untapped without a robust regulatory framework. In contrast, a set of adequate regulations will allow us to get the unique benefits of blockchain technology, such as total transparency and the ability to automate important activities to cut down on human error, bureaucracy, and corruption.
| Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
The Future Of Twitter Under Elon Musk
It’s fair to say that when Elon Musk, the wealthiest man on the planet, was linked with a leveraged takeover of Twitter initially, it caught many people off guard. And while it appeared as though the deal was on one minute and off the next, the man behind Tesla finally got everything over the line, and Musk is already beginning to make his presence felt.
One thing you can say about Musk is he’s certainly not a man who stands on ceremony. He wants to do things his way, on his terms and in a fashion that aligns with his vision, regardless of who this upsets along the way. And, as we have seen already, there have been multiple exoduses of sorts, with some top brands and companies stepping away from Twitter due to the direction in which Musk wants the platform to go in from here on in.
The key take-home from Musk’s first few days in control of Twitter is that he feels it is losing too much money as a business, and some companies stepping away from the platform hasn’t helped with this either. So, he’s set about correcting this in a couple of ways, one being the introduction of Twitter Blue, where regular people can pay a subscription fee for perks such as a blue tick. And the other is to approach other global brands, perhaps in the gaming sector, as these companies are always in search of new marketing opportunities. Renowned brands like Partycasino, would no doubt seriously consider the chance to promote their brand and can be a great way of helping boost Twitter’s revenue streams.
It’s always going to be tough going when you have a disrupter like Musk take control of a platform like Twitter that has been run in the same way it has been for years, especially when you consider how headstrong he is and his feelings surrounding matters such as free speech. It’s naturally led to a lot of upheaval, with reports suggesting that many staff have either been fired already or chosen to leave the company, with Musk looking to usher in a new era where you are either with him or you’re out.
But, even though the future of the leading social media platform is very much up in the air and unclear, with some not holding out much hope for the future, Musk does have a proven track record in terms of his exploits in the business world. And that should provide those airing on the side of caution with some solace that he could very well turn this around and making Twitter bigger, better and more accessible, and crucially, enjoyable, than it ever has been before.
As always, the proof will be in the pudding. It’s ok to talk a big game and say we’re going to do this and that, but without action, it’s just words. Some will say that Twitter was fine as it was before, while others will be keen on change. It’s now over to Musk and those who are still with him, and those who will inevitably join him, to deliver the changes that people want and need and not let this become a billionaire’s plaything that ends up permanently broken and beyond repair.
| Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
DOGE Coin’s Price Is Increasing Shows Bright Future For Meme Coins Like Toon Finance
DOGE coin has been around since almost as long as Bitcoin and has been a favorite among cryptocurrency traders due to its low transaction fees and easy-to-understand technology. Its recent price surge has created a lot of buzz in the crypto community and could be indicative of the growing acceptance of meme coins like Toon Finance, which is similar to DOGE but with more features such as yield farming, decentralized exchanges, and betting.
This trend of increasing price for meme coins that aren’t DOGE shows that the market is ready for the next evolution of meme coins. Is Toon Finance the next DOGE coin or the next Bitcoin? Only time will tell, but the increasing price of meme coins like Toon Finance is a good sign that they could be here to stay.
The features and benefits offered by Toon Finance make it an attractive option for both new and experienced investors alike but let’s dig a bit deeper.
What is DOGE coin and why is it a meme coin?
What is a meme coin?
Unlike the more “serious” coins like ADA, TRX, BTC, ETH, and even Toon Finance’s TFt, meme coins are generally “worthless” coins with little to no use-case that was made as a joke.
In DOGE coin’s case, it was created both as a joke and as a meme coin. It was created in 2013 by Billy Markus and Jackson Palmer as a way to poke fun at the cryptocurrency market and its investors, but it has since gained traction with more serious traders too. While it may still be considered “worthless” to some, it’s undeniable that DOGE coin is one of the most popular meme coins around today and will forever live in the consciousness of anyone that’s versed in crypto and even some who are not.
While it is undeniable that Bitcoin is the King of Cryptocurrency and Ethereum the prince, DOGE coin is widely accepted to be the beloved cousin that only wants to chill and have fun.
What is DOGE coin and how did it get so popular?
DOGE coin is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer. It was originally based on the Doge meme, which features a Shiba Inu dog surrounded by bright colors and phrases such as “Wow” and “So Cool.”
The coin began to gain traction when Elon Musk, the CEO of Tesla and SpaceX, began to Tweet about it making its price skyrocket but there’s also another side to this, the side that considers that DOGE coin was already popular even before Elon Musk Tweeted about it.
This shows that while Elon Musk definitely propelled the coin’s price, DOGE coin’s popularity being increased by Elon Musk is questionable as even people not involved with cryptocurrencies know about the famous and beloved Shiba Inu.
Why is DOGE coin’s price increasing?
What causes a token’s price to increase?
One factor is hype and people’s beliefs that the price of the token will increase in the future.
It could be argued that DOGE coin has been increasing in price because it is being adopted by more and more people as a meme coin.
From crypto traders who see its potential to everyday people who just think it’s funny. This is just a few reasons that can cause a token’s price to increase. It is also possible that a particular token announces partnerships that produces real-life big projects or partnerships with well known names similar to how Hollywood partnership propelled the NFT Bored Ape Yacht Club to ubiquity.
Why did DOGE coin’s price increase this December 2022?
In December 2022, DOGE coin experienced a significant price surge due to the news that Elon Musk was going to appear on Saturday Night Live (SNL).
This made people speculate that he would mention DOGE coin and further push its adoption. This speculation caused the token’s price to increase significantly as many traders saw it as an opportunity for profit.
Other factors could have helped fuel the price increase of DOGE coin such as increased trading volume, more merchants accepting it as a form of payment, and positive press coverage.
The increasing popularity of meme coins like Toon Finance and DOGE Coin shows us the potential these tokens have in the crypto market.
Meme coins are generally high in supply but low in value, it is after all, a joke coin. But Toon Finance Token shows that that doesn’t have to be the case by having incredible value right off the bat and Ethereum users are buying it and choosing Toon Finance Tokens over Ethereum ETH in the process of buying it.
What makes Toon Finance so Valuable despite being a meme coin?
Toon Finance might be a meme coin, but its underlying technology makes it extremely valuable. Toon Finance was built on the Ethereum blockchain, which allows it to interact with other Ethereum-based tokens and contracts. This makes it easier for users to purchase and use Toon Tokens in a variety of ways.
Toon Finance has also been designed to be deflationary, meaning that the supply of the token will decrease over time as more people buy and hold onto their Toon Tokens. This is done by having a small portion of each transaction get burned, meaning they are taken out of circulation forever.
This creates scarcity and increases the value of each remaining Toon Token, making them increasingly attractive investments for traders looking for higher returns than what traditional meme coins offer.
But first, what is Toon Finance?
What is Toon Finance and what makes it different from other meme coins?
Toon Finance is a decentralized finance (DeFi) protocol and meme coin built on the Ethereum blockchain. It allows users to trade, borrow, lend, and stake their Toon tokens. The protocol is deflationary meaning that a portion of each transaction will be burned or taken out of circulation forever thus creating scarcity amongst the remaining tokens which increases their value.
What makes Toon Finance Tokens different from other meme coins?
Unlike other meme coins, Toon Finance has been designed with real-world use cases in mind such as being used to purchase digital assets like NFTs or staked in yield farming protocols for higher returns than what traditional investments offer. It also has a robust infrastructure and an incredibly welcoming community.
Apart from this, while Toon Finance isn’t a serious token, it doesn’t mean that it isn’t a serious project. Toon Finance manages to be a chill project that doesn’t force people to buy into it while delivering practical tech that will make people want to invest in it anyways.
Toon Finance only keeps the fun part of meme coins, everything else it improves upon. Toon Finance Token’s price have practically doubled since it was announced and shows no slowing down or stopping as more and more supporters are attracted to the project.
Toon Finance Tokens are high value with low supply making each and every token precious from the very beginning especially since it has a real-world use case that doesn’t just revolve around governance.
What does Toon Finance Token TFT offer?
Toon Finance has Toon Swap, a robust DEX or decentralized exchange that will allow users to privately and with lower fees that central exchanges like FTX and Binance, to trade token pairs like BTC, ETH, ADA, XRP, DOGE, TFT, and many more.
Apart from this, Toon Finance has Space farming and Space Battle Grounds that will allow users to earn tokens as they use thet platform.
Website: https://toon.finance/
Presale: https://buy.toon.finance/
Twitter: https://twitter.com/ToonSwapFinance
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Does Bitcoin Have a Future As An Investment?
According to a study, it is assumed that after the last hike, bitcoin gained several investors and capital. Hundreds of cryptocurrencies are added per week, and there is around 4000 active crypto at present, but bitcoin is still ruling the investment portfolio of new and existing investors. It is clear through bitql and other cryptocurrencies offers the features same as the bitcoin offers. Bitcoin can be stored as a long-term investment and traded to earn profits daily.
Also, Bitcoin has a chance for future investments because bitcoin is the most hyped name and the first name that blinks in mind after hearing about the crypto investment. Bitcoin is a highly volatile asset and does not depend on any centralized financial institution to verify its transactions. The volatility of bitcoin will continue in the coming future, thus forming the chance for further future investments. Bitcoin is a revolutionary technology and comparatively less risky if we compare this with any other investment or cryptocurrency. Bitcoin in the coming future will replace the use of fiat currency and gold investment, thus attracting investors for more digitalized investment with bitcoin.
Bitcoin’s future as an investment
Bitcoin as an asset
Most of the joint investment is in Euros, dollars, pounds, etc. On the other hand, bitcoin offers a different kind of investment: digital investment. Like other currencies bitcoin do not have physical existance. Therefore, Bitcoin can be seen as an asset and stored as wealth. People usually trade bitcoin and other cryptocurrencies to earn profits. After the hike in September 2021, it is seen that most of the investors are storing bitcoin as an asset class, or we can say that long-term store of wealth.
Suppose the volatility continues in the coming future. In that case, bitcoin will create its way and become the most preferred, hiked, and overrated currency in the coming future. Bitcoin does not involve any rocket science for investment and does not have and central base to verify its transactions. Although, bitcoin uses a different base, the blockchain, to perform its transactions. Blockchain is used to record its transactions. Blockchain provides security to bitcoin transactions, thus making the bitcoin transactions more secure than any other central means of transfer.
A standard definition for the monetary system
Fiat money of any country has several uses, like buying and selling goods, and fiat money is accepted as a medium of exchange. Fiat money can be seen as a store of wealth to accrue savings. Most peoples use fiat money as an exchange medium. On the other hand, bitcoin is a new starting in the digital payment world where you can use bitcoin to pay, receive, shop, pay for food, and even use bitcoin for gambling. Bitcoin has hundreds of uses, but the limitations are that only a few businesses and economies accept bitcoin as a legal tender for exchange. El Salvador is the first economy that has accepted bitcoin as a legal medium of exchange. Some of the other technology giants are started accepting bitcoin as a mode of receiving and paying payments.
Around 200 companies in the Netherlands have started accepting bitcoin, public acceptance of bitcoin is far away. These companies only execute a few transactions per year. Therefore, bitcoin creates values, and to create absolute values, bitcoin first has to convert into cash like the dollar, euro, and pound.
Lending bitcoin
Purchasing bitcoin and lending it on other websites to earn interest on the landed bitcoin is a new form of investment with bitcoin. Many websites offer lending services for bitcoin and other cryptocurrencies. Interest rates are the same as the bank rates or can be the interest rates we get on our fixed deposits. According to experts, it is clear that bitcoin has investment potential but only as an asset class.
Conclusion
Bitcoin has a bright future if it is used as an asset, not a payment option, and not for lending loans. Bitcoin does have the potential to change the financial system and does carry its values. On the other hand, bitcoin investment is risk involved; taking expert advice and creating the skill for investment can be helpful. Do not invest without any knowledge. There is always a 50-50 chance of profit and losses. Do not just read the success stories. Do read some failure stories to get the fundamental knowledge.
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Does Bitcoin Form The Future Of Finance?
Bitcoin’s all-time high price was around $ 55000, and every crypto and traditional investor witnessed that hike. From the last hike, bitcoin has gained several investors and become the giant cryptocurrency among other virtual currencies. At present, bitcoin prices are low, and the prices have fallen more than 50%, according some financial and virtual market experts. It can be the silence before another hike. Bitcoin has chances for acceptance as a legal tender in the international and domestic markets. BitiCodes is one of the trustworthy trading platforms which can let you trade cryptocurrencies in a hassle-free manner!
It is correct to say that bitcoin is the future of digital investment, and those interested in crypto will make their first investment with bitcoin. Bitcoin does not have a single use for investment and trading, although bitcoin is used for receiving and making international and domestic payments. Bitcoin can be landed, and the owner can earn the same interest on bank deposits. Sometimes it is impossible to use centralized ways to make huge payments, like in oil trading, which is an outspread business. Bitcoin gives personal control of funds to its owner and strictly follows the rule right to privacy.
Future of finance with bitcoin
The easting of decentralized finance
Every new or existing investor is interested in a secure, accessible, and transparent financial system. Bitcoin performs the same functions as bitcoin, making transactions more straightforward, easy, speedy, and secure. Bitcoin gives total control to its money owner and moves funds from one source to another without any involvement of a third party. Decentralized system and DeFi provides more security than central conventional financial process. The future of finance depends on security and speed, and bitcoin has both, thus forming the future of finance shortly. The demand for DeFi is rising, and the popularity of decentralized finance is continuously rising.
The demand for fiat currency in the future is seen diminishing, whereas digital currency will take over the finance system. According to some virtual and financial experts, it is seen that people are more focused on moving funds with less cost and faster, which helps them to continue their business regularly without any interruption. Therefore it is believed that cryptocurrency will push the current financial system as they are known today. Although DeFi, which is created on the blockchain base, will come into trend and become the more viable medium of exchange, or we can say alternate financial systems which have more potential than the current financial system. Bitcoin has the potential to push the current digital finance system with advanced technology and security. Moreover, Bitcoin is time and location friendly as it can be used from anywhere, anytime, where it offers transparency of funds.
Varied values of cryptocurrencies
Without having intrinsic values, crypto holds the values in the following ways.
- Payments: – bitcoin, as well as other cryptocurrencies, can be used to make payments and receive payments for goods and services in domestic and for import and export in the international markets. It do not need any party to manage or verify its transactions. Bitcoin can be used for many other different purposes.
- Stablecoins: – some of the stablecoins offer connectivity with commodities like gold and oil trading, and one of the names that we hear for its stability is USD.
- Value storage: – bitcoin can also be stored as a value for the long term, and the short term depends on the investor’s interest. Around 90% of the total bitcoin is already mined. Due to limited supply and considerable demand, crypto is creating its value.
- Privacy: – the technology that ultimately believes in the privacy of funds. Bitcoin allows its investors to move funds anonymously from one source to another. On the other hand, bitcoin not only provides privacy, but it also provides security of funds transfer.
Conclusion
It is how bitcoin is forming, or we can say reshaping the future of digital finance. Since its creation, Bitcoin has attracted investors with its unique features and regular price hike. Shortly, there are great chances with bitcoin for another hike because more and more actors are involved in bitcoin investment as it is becoming the more acceptable finance system worldwide. Shortly it is seen that almost 90% of public and private sectors will use bitcoin to move money from one source to another. Moreover, with the help of blockchain, cryptocurrency is becoming a more viable medium of exchange and a new conventional financial system shortly. Thus, bitcoin will help in forming a better future for finance.
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What Does The FTX Collapse Mean For The Future Of Crypto?
The sudden collapse of FTX is a big story, although there’s a lot of misinformation out there as to what actually happened & what it means for the crypto world more broadly. Fundamentally, this is what Sam Bankman-Fried (the founder of FTX) is being accused of doing: imagine your debit card suddenly stopped working because the head of your bank had been making risky trades with your money, lost the funds in your account, and didn’t have any more funds to reimburse you.
In more technical terms, Bankman-Fried’s empire kept money in an in-house cryptocurrency, which, of course, only works as long as the currency remains stable. Making it a bit more complicated is the fact that the empire was two-fold: the exchange FTX and the trading firm Alameda Research. Although these two entities were independent companies on paper, the separation becomes blurry on Alameda’s balance sheet. FTX in this balance sheet, more specifically the FTT token that the exchange released, and which gives holders a discount on its trading fees, is – simultaneously – its biggest asset and collateral.
What does that mean? Most of the net equity in the Alameda business is actually FTX’s own centrally controlled and printed token, FTT. Owners of the FTT token received reduced FTX trading fees, enhanced referral commissions, and prizes, encouraging purchase & utilization. FTT’s value was preserved by FTX’s ongoing policy of token buybacks and burns.
If this sounds like a dangerous and unstable cycle to you, you’d be right – which is why Bankman-Fried didn’t exactly shout this from the rooftops. A CoinDesk reporter digging through Alameda’s financials put the pieces together & went public. The minute CoinDesk brought this to light, the dominoes started tumbling. First, FTX rival Binance – led by Changpeng Zhao— which had a couple of billion dollars’ worth of that FTT cryptocurrency on its own balance sheet, announced they planned to dump it all. Knowing that such a massive sell-off would drop the price of FTT, other investors scrambled to get out as well, prompting massive panic-selling, which in turn only fueled the collapse. In the wake of Zhao’s chess move, FTX found itself having trouble paying out withdrawals to customers. Suddenly, a company once worth $32 billion was filing for bankruptcy.
But what does this all mean for crypto in general? Should we all be running for the hills? The answer is a resounding no.
The crucial thing to understand is that FTX collapsed due to what can only be seen as almost criminal behavior – at the very minimum gross mismanagement – by the founder. The collapse of FTX isn’t evidence of the inherent insecurity and instability of defi any more than the 2008 collapse of Lehman Brothers would be evidence of the inherent instability in the US economy. The Enron scandal didn’t cause media pundits to say, “Let’s abandon energy production, it’s inherently flawed”. Just like Lehman Bros. & Enron, the FTX situation was created due to bad business decisions by a bad actor (in this case, the FTX founder) which the market reacted negatively towards, as happens in legacy equity markets across the world in every single day of trading. As it was expected, it had a spillover effect: investors looked at the dropping price and decided to cash out, causing the price to plummet in a comparatively short period of time.
Outrage merchants & lawmakers looking to cash in are already crowing that FTX will be the death-knell for the crypto industry, or that defi needs to be regulated out of existence, if not banned outright. However, banning crypto is not the solution any more than banning the NYSE would be the solution to a bad week for the Dow Jones Index. It would deprive the world of a positive breakthrough in the financial sphere. Cryptocurrencies and blockchain pose an alternative to conventional financial services; the underlying technology can provide for a transparent and reliable means to conduct transactions.
Excessive regulations would not have prevented FTX, just like they wouldn’t have prevented the 2008 crash in the legacy financial markets – for proof just consider the fact that the 2008 subprime mortgage crisis followed just 10 years from the previous global financial crisis, or that Bernie Madoff was on excellent terms with the SEC right up until he lost everybody’s money. FTX was an isolated incident of an actor that acted in bad faith. The way ahead for the industry is competition for reputation, independent due diligence, certification, third-party audits, consumer reports, and smart regulations.
Regulation should exist, but it needs to be done intelligently, ideally including the participation of the industry, respecting the spirit of defi, and focusing mainly on consumer protection. Oversight over unbacked crypto-assets, stablecoins, as well as the trading venues and the wallets where crypto-assets are held is a positive thing, guaranteeing the legitimacy of the actors and that they meet redemption requests in the event of mass withdrawals, for instance. Not to blow up the whole industry out of fear.
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Uniglo.io, Binance USD, And True USD Could Be The Store Of Value For The Future
Are you looking to protect your investments with a strong store of value? While many investors enter crypto for the substantial price gains they’ve seen others make, there are still solid gains possible with tokens that are built for stability.
Many people make the mistake of thinking that crypto isn’t for strong and steady growth or is not a store of value but a speculative boom or bust asset instead. While big gains can be made, so can steady growth that protects your investments. Primarily if you invest in Uniglo, Binance USD, and True USD. Your money could be completely protected with those tokens. Here’s why:
Uniglo (GLO)
Uniglo introduces the strongest store of value ever seen in the crypto space. That’s because it created the GLO vault, a full asset-backed value store made up of a range of diversified products. These products include NFTs, digital gold, and other cryptos, and reintroduced the gold standard peg that fiat currencies lost long ago when they sold off their reserves. The GLO vault protects GLO against market volatility and is primed for stable growth, the most deflationary token in the space. It’s the perfect answer to the world’s growing inflationary concerns, and now could be the time to invest if you want the most reliable store of value ever.
Binance USD (BUSD)
As the main stablecoin of the Binance network, BUSD is tied to the dollar and has all the strength needed to provide stability. It’s one of the most usable and easy-to-transact tokens in the space and plays a big part in the wider Binance ecosystem. It’s also got the strength for the future and is a solid store of value.
True USD (TUSD)
Both BUSD and TUSD are stablecoins that give you the exact price base as the dollar. Firstly, the dollar has been growing in value compared to other fiat currencies recently, so there’s an upside there. But these stablecoins also give you the benefits of DeFi, like complete control of your money on a decentralized network and a price that’s easy to understand. That’s why they could be solid options in the coming months.
Conclusion
If you want the best store of value in the space, Uniglo (GLO) could be the perfect option, even when compared to other strong choices like BUSD and TUSD. That’s why experts think now is the perfect time to add it to your portfolio.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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Crypto Trading Platform MEXC Launches Future Second-level K-line Function
Digital asset trading platform MEXC had updated the function of future products and introduced the second-level K-line function. MEXC is reportedly among the first virtual currency trading platforms to offer the future second-level K-line function.
As explained in the announcement, the K-line chart of the future trading page on crypto trading platforms mainly accounts for minutes, hours, days, weeks, and months as time intervals.
The second-level K-line launched by MEXC has been designed to take into account “1 second” increments as the time period to provide a single candle chart, which reflects the transaction information in a more accurate manner, including the current price, transaction volume, and market depth. The launch of the second-level K-line can meet the more real-time and detailed trading information needs of ultra-short-term, higher-frequency, and higher-leverage trading customers, making the experience more intuitive.
As per the MEXC future documentation, second-level K-lines have now been added (as of October 25, 2022) to the BTC_USDT and ETH_USDT trading pairs, and second-level K-line charts for various other digital currencies will be supported soon.
MEXC future products were first launched in 2018. Then in June 2020, a large-scale update had been made to its crypto trading system, focusing primarily on enhancing optimization and updating from the aspects that clients are quite concerned about. For example, key upgrades to the trading system stability, overall depth, security risk control and user experience were peformed.
After a few years of regular technical upgrades as well as product enhancements, MEXC’s perpetual future liquidity has reached a fairly high level, now supporting around 169 crypto trading options and 179 trading digital currency pairs, with smaller price differences and greater depth.
MEXC has also launched an MX token fee deduction capability – which essentially means that
futures traders may also use the MX Token for the purpose of fee deduction, and avail a 10% fee discount.
As a comprehensive crypto trading platform for futures, spot, leveraged ETF transactions and staking services, MEXC’s global users have reportedly crossed the 10 million mark.
As per CoinGecko data, the daily trading volume of MEXC is around $1.72 billion, of which the daily trading volume of Bitcoin (BTC) is roughly $750 million.
As noted by its management, MEXC claims to be one of leading virtual currency trading platforms, providing one-stop crypto trading services for spot, ETF, futures, Staking, NFT Index, etc.
The trading platform’s core team has an extensive background in traditional finance, and has professional financial product logic and technical security guarantees in terms of crypto products and solutions.
MEXC now supports the trading of over 1,600 virtual currency pairs.
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An Exclusive Experience, MEXC is Worldwide First To Launch Future Second-level K-Line Function
On October 25, the cryptocurrency trading platform MEXC upgraded the function of future products and launched the second-level K-line function. MEXC is the first cryptocurrency trading platform in the world to launch the future second-level K-line function.
Currently, the K-line chart of the future trading page on cryptocurrency trading platforms mostly accounts for minutes, hours, days, weeks, and months as time periods.
The second-level K-line introduced by MEXC takes into account “1 second” increments as the time period to generate a single candle chart, which reflects the transaction information in a more timely and intuitive manner, such as the current price, transaction volume, and market depth. The launch of the second-level K-line can meet the more real-time and detailed trading information needs of ultra-short-term, higher-frequency, and higher-leverage trading users, making the experience better and more exclusive.
According to the MEXC future information, second-level K-lines have been added to the BTC_USDT and ETH_USDT trading pairs, and second-level K-line charts for more currencies will be supported in the future.
It is reported that MEXC future products were launched in 2018. And in June 2020, a major upgrade was made to its trading system and products, focusing on optimization and upgrading from the aspects that users are most concerned about such as trading system stability, basic depth, security risk control and user experience.
After 5 years of continuous technical upgrades and product optimization, MEXC’s perpetual future liquidity has reached worldwide top 1, supporting 169 cryptocurrency tradings and 179 trading currency pairs, with smaller price differences and better depth.
A month ago, MEXC also launched a new MX token fee deduction function – which means future tradings can also use MX Token for fee deduction, and enjoy a 10% fee discount.
As a one-stop cryptocurrency trading platform for aggregate futures, spot, leveraged ETF transactions and staking services, MEXC’s global service users have exceeded 10 million as of September this year. According to CoinGecko data, the current daily trading volume of MEXC is about $1.72 billion, of which the daily trading volume of BTC is $750 million.
About MEXC：
MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, etc.,and serving more than 10 million users worldwide. The core team has a solid background in traditional finance, and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia”. Currently, it supports the trading of more than 1,600 cryptocurrency, and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.
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Price Surging Now On Uniglo.io Predicts Huge Future Price Movement As People Will Buy On Uniswap Using Ethereum
The recent crypto market bear momentum has not stopped the native token of Uniglo (GLO) from seeing a 45% price increase. Social currency Uniglo (GLO) will list on the Uniswap exchange on November 18, and users can obtain GLOs using Ethereum (ETH).
Uniglo (GLO)
As the world progresses, more and more people are turning to digital forms of currency, such as GLO. Many analysts believe the future price of GLO will rise substantially, and there are several reasons for this prediction, which we will discuss in detail.
To give users total power over the platform’s future, Uniglo uses a transparent DAO design, and holders of GLO will have full voting rights. Furthermore, To support the GLO base price, the GLO vault will serve as a complete asset-backed store of value.
Another reason why GLO will rise in value is because of its utility. Groundbreaking dual-burn technology used by GLO guarantees that it will become more scarce over time and resist over-speculation.
How Does Uniglo (GLO) Interact With Uniswap (UNI) And Ethereum (ETH)?
Ethereum invented the idea of a blockchain smart contract platform. Computer programs known as “smart contracts” automatically carry out the terms of an internet-based contract between many parties. Uniglo developed them to lessen the requirement for reliable intermediaries between contractors, lowering transaction costs and improving transaction dependability.
A well-liked decentralized trading system called Uniswap is well-known for enabling automatic trading of tokens related to decentralized finance (DeFi). In September 2020, Uniswap took things further by developing its governance token, UNI, and rewarding previous protocol users. This sentiment increased the business’s potential for profit and its consumers’ capacity to influence its course, which is one of the allures of decentralized organizations. It is based on the Ethereum blockchain and utilizes smart contracts to facilitate these trades.
Uniswap is unique because it offers a trustless, decentralized way to trade ETH tokens, which is crucial for Uniglo.
Uniglo is an ERC-20 token built obviously on the Ethereum network, and users will be able to get GLO tokens on Uniswap via using ETH, the second-largest cryptocurrency and inventor of smart contracts that still holds significant future potential.
Bottom Line
Many believe that Uniglo has the potential to disrupt the existing centralized platforms. With its secure and transparent interface, Uniglo could attract a wide range of users, from experienced traders to those new to the world of cryptocurrency. The listing on Uniswap is just the first step for Uniglo. If it is successful, we could see many new features that will bust the Uniglo community.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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Is There Hope For Algorand (ALGO) and Fantom (FTM) Investors? Flasko (FLSK) Might Be The Future
Investors choose a particular cryptocurrency to invest in because they believe in the coin’s potential for investment returns. This is why investors usually search for cryptos with a significant return on investment. However, choosing a good coin can sometimes be challenging, and such coins must show innovation.
Established coins like Algorand (ALGO) and Fantom (FTM) have already given their investors several times their initial investment since their launch, but have started to decline in recent times. For this reason, investors are looking for alternative investments like Flasko, which has enormous growth potential for the short and long-term.
Algorand (ALGO): investors searching for alternative investments
Professor Silvio Micali of MIT created Algorand (ALGO) to solve problems faced by most conventional cryptocurrencies. Algorand (ALGO) coin is decentralized, scalable, and safe and uses ALGO coins as its native currency. Algorand (ALGO) differs from other cryptocurrencies because a random token group must approve a block before work can start on the next block.
This resolves forking issues, and since there is no fork, the agreement is quick, and Algorand (ALGO) recipients need not wait for confirmations. Currently, Algorand (ALGO) trades at $0.31 after a 30 day price reduction by 1.34% and a 14.16% drop in price during the last 60 days. With this, Algorand (ALGO) might not be able to provide promising returns, and investors are already looking for alternatives.
Fantom (FTM); will not get to its all-time high anytime soon
Fantom (FTM) has shown investors its capability since it is based on the Proof of stake consensus procedure. Additionally, Fantom (FTM) addresses the problem of delayed and costly blockchain transactions.
With the Fantom (FTM) network, users can easily handle more than 10,000 transactions in a second. However, Fantom (FTM) developers have stated that they intend to ensure that Fantom (FTM) can take more than 300,000 transactions within a second. Since they expect this to be done by mid-2023, investors might not be sure of profitable returns till 2023 and are therefore searching for alternative investments like Flasko.
Currently, Fantom (FTM) trades at $0.19 with a 5.69% price drop within the last 24 hour and a 25.27% dip in the last 90 days as seen on Binance. This continuous downtrend has left investors searching for alternative investments like Flasko.
Flasko (FLSK): the alternative investment set to provide profitable investment returns
Flasko has been gaining momentum in the cryptocurrency world for a while. Flasko will be the first cryptocurrency protocol that is an alternative investment that lets its users invest in vintage champagne, wines, and luxury whiskeys. Flasko is pretty promising since it has passed the audit by Solid Proof, and is willing to lock its liquidity for 33 years.
Also, investing in Flasko means getting a fractionalized and minted NFT backed by real-world assets. Flasko’s presale is ongoing and sold for a price of $0.05, and crypto analysts and experts predict the coin to soar by more than 4,000% in 2023. With Flasko’s unique concept and use case, it may become a top cryptocurrency in 2023. So, you shouldn’t miss this opportunity to invest in Flasko, which might be the next big thing in the cryptocurrency community.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Twitter: https://twitter.com/flasko_io
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Big Eyes Coin Presale Surges As The Future Of Tron And Axie Infinity Looks Unstable
New cryptocurrencies are constantly entering the market. Although the majority of them vanished as quickly as they emerged, others are worth being recognised for their contribution to the crypto community.
Big Eyes (BIG) is a new cryptocurrency with unique characteristics that are certain to pique the cryptocurrency market’s attention.
Big Eyes (BIG), Tron (TRX), and Axie Infinity (AXS) aspire to revolutionise the game. This article investigates the features of these tokens as well as the likelihood that Big Eyes (BIG) will outperform the two heavyweight projects.
Tron (TRX)
Tron (TRX) is a well-known alternative token that powers all Tron (TRX) payment systems. It was once an Ethereum blockchain token, but it now operates on its own network, enabling smart contracts as well as decentralised applications (dApps). It seeks to compete with its major rivals by offering distributed storage facilities that enable ownership as well as sharing of digitised material to its users.
After inventing TRON, Justin Sun established the TRON Foundation, a non-profit organisation in Singapore, in 2017. Initially limited to Asia, it has since broadened its digital content distribution infrastructure to encompass many more continents.
TRON (TRX) is built on a three-layer systems engineering, with every layer assigned a specific function with the overall objective of guaranteeing the smooth running of the system. The smart control features of TRON (TRX) enable the construction and use of dApps as well as other apps in the application layer.
The core layer is in charge of basic functions such as transaction validation. The storage layer is responsible for storing complicated data and is divided into two components: state storage as well as blockchain storage.
Axie Infinity (AXS)
Axie Infinity (AXS) is a Blockchain-based battling and trade game. The gaming platform creators designed it such that users own and run a portion of it.
Axies — the tokenised creatures on the game Blockchain platform — are collected, raised, bred, battled, and traded by Axie Infinity players. Each Axis is a non-fungible token (NFT) with unique properties and characteristics. It has around 500 distinct body parts available, including snake, aquatic, bird, shrub, bug, and beast parts.
Every Axie can combine these many body parts, making them one-of-a-kind and uncommon. Furthermore, the body parts are classified as common, rare, super rare, or legendary. The rarer your Axie’s body components, the more precious the Axie. Axie Infinity Shards (AXS) is the gaming ecosystem’s native token; it serves as a governance token as well as a store of wealth.
The cryptocurrency is one of the top 50 by market capitalisation on Coinmarketcap and sells for slightly less than $15, with an ATH of $165.37 in the previous financial year.
With the increased use of blockchain games and the prediction of a bull market, experts expect Axie Infinity (AXS) will have a progressive run of up to 100X in the next months. Before committing to a project, it is best to conduct personal study and analysis.
Big Eyes (BIG)
Meme currencies are recognised as wealth producers, as these coins are designed to be community-based. Big Eyes (BIG) is a unique brand of meme coin. Watching the trajectory of this revolutionary meme coin, especially the money raised during the presale, there is no doubt that Big Eyes (BIG) intend to shift value into the Defi.
Big Eyes aims to do more than just give back to the ecosystem; it wants to build a blockchain ecosystem that self-promotes hypergrowth by using NFTs to provide access to additional material and events, making the blockchain industry even more appealing to join.
This token was initially created as a cute token and innovation, with it being viewed as a playful creation, and while it may not have initially been advantageous to the platform to not be treated seriously, the team decided to employ the cuteness as a source of strength and a way of attracting people into its ecosystem.
Big Eyes (BIG) intends to avoid the pattern of crypto platforms that are surrounded by the buzz of the currency without evidence of its growth by going straight to work once the presale has begun. This is a cryptocurrency that has a specific plan of operation.
Big Eyes intends to shift wealth into the DeFi ecosystem, and in order to ensure that this happens safely, the ecosystem Big Eyes creates must self-promote; every element must be necessary to generate wealth and attention for this project, with the exception of the charity aspect, which is slowly developing prominence for the BIG project.
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
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Are Cryptos The Future of Payment Methods In Gambling?
If you are an active internet user, you probably already know exactly what cryptos are. Back in 2009, Satoshi Nakamoto was the creator of the first crypto, the well-known Bitcoin. Almost 15 years later, there are several cryptocurrencies available on the market.
From Ethereum and Cardano to Solada and Dogecoin, the choices for investors are seemingly endless. This raises a question. Are cryptocurrencies an accepted currency?
In 2022, more and more businesses are accepting cryptocurrencies as a form of payment. Online casinos are no exception. But what about the future of cryptocurrencies in the world of gambling? Is this the beginning or the end of an era? Let us take a deeper look at it.
Cryptocurrencies in 2022: A new era
Nowadays, if you are a crypto investor and want to best live roulette online, numerous online casinos accept cryptocurrencies for deposits. This applies not only to roulette games but also to slots, table games, etc.
With that in mind, let’s look at the crypto market in 2022. It can be argued that 2022 was not a particularly successful season for cryptos. At least when it comes to the value of most coins. But that’s understandable when you look at the global economy.
On the other hand, cryptocurrencies have made great strides in terms of reliability and acceptance. Digital coins are becoming more and more secure, use the latest technologies (e.g. the blockchain) and offer instant transactions.
For this reason, most innovative online casinos have already adapted to this new era. In other words, you can now use your cryptos as a secure payment method.
Cryptos are now accepted in multiple online casinos
The transition did not take long. In fact, some of the best-known online casinos quickly recognised the potential of cryptos and included them in their platforms. It was not long before players started depositing and withdrawing their digital funds.
Some players use their crypto funds only when testing the best roulette strategies in new and old roulette games, while others use their digital coins for all their online transactions.
In any case, this new digital world has proven to be very effective for the gambling industry.
The flexibility of cryptos was one of the main reasons why this payment method quickly became popular. But it was not the only one. Let us examine the main advantages of cryptocurrencies in terms of payment methods.
Are cryptocurrencies better than other payment methods?
The technology underlying cryptos makes digital coins much more flexible. For example, if you want to deposit or withdraw an amount of cryptocurrencies at an online casino, it rarely takes more than a few hours.
In most cases, this happens automatically. This is a great advantage for players from all over the world. Cryptocurrencies are also global and accessible. This means that the currency is the same no matter where the player is from.
Moreover, crypto transactions rarely incur fees. And if they do, these fees are significantly lower compared to other traditional payment methods.
Therefore, cryptocurrencies are a win-win situation for both online casinos and their players. And most online casinos offer crypto-related VIP programmes and offers to prove it. So does this mean that cryptos will have a bright future in gambling?
Wrapping up: Are cryptos the future of gambling?
Although no one can predict the future, we can say with certainty that cryptocurrencies will prove to be very helpful as a means of payment in gambling. Of course, there are people who support this new technology and others who reject it.
This is more than reasonable. Nevertheless, this is also one of the main reasons why most online casinos accept traditional payment methods as well. After all, there are few players who exclusively use cryptocurrencies for deposits and withdrawals.
To sum up, we can safely say that cryptocurrencies are on the rise. Entering the world of gambling is not easy and requires numerous tests and cross-examinations. The future of cryptocurrencies as a means of payment in gambling is also expected to be even brighter.
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Collaboration Between Fintech And Other Technologies: Is This The Future?
The emergence of Fintech companies in the financial ecosystem has revolutionized the options for many users. These companies have been able to take advantage of technological advances and society’s gradual adaptation to the digital environment in the last few years. This is why they have been gaining more and more prominence and have consolidated their position in an industry that has historically been dominated by traditional institutions like banks.
Banks and other organizations like brokerage firms have tried to adapt to the times and take advantage of digitalization to reduce costs. However, Fintech companies are the ones who have technology in their DNA. It’s their principal vehicle for streamlining and automating services and processes. They carry innovation like a banner and they flaunt it with new alternatives and options that were hard to find in traditional systems.
One example of this can be found in one of the main companies included in this group, Naga. It not only allows the user to act as a Trader, but it also provides the opportunity for an inexperienced client to rely on others who are more experienced through the Autocopy by NAGA option, an action that was much more complex before the appearance of digital institutions.
Another central element of Fintech has been the ability to group all options in one environment, usually an app, where users can carry out operations, receive information, and consult their portfolio, among other functions. In the case of NAGA Trade, users even have access to specific training as well as a debit card to manage investments and payments, and also to an updated information about CDFs, Ltcusd, and many more. This is definitely a different point of view from the conservative mentality of established institutions that have a lesser capacity for change.
These institutions seem to have accepted that they can’t beat Fintech companies and frankly, they shouldn’t. That’s why they’ve partnered with some of them or have copied certain models and ideas that they’ve found inspiring, including formats and commercial products. Rather than abandoning innovation, many banks today reflect the operations of these new companies, taking advantage of their initiatives and their way of connecting to a modern society.
Fighting with their own weapons
Capitalizing on their assets to move forward
But Fintech companies aren’t going to settle for simply being muses for other organizations, nor are they going to innovate just to adopt an externalized IDI role for banks and other entities. The next step is to create alliances between Fintech companies and technologies that belong to other sectors so they can offer more options and update their key operational strategies.
To provide a current example, a substantial part of the sales of these companies are carried out and perfected through messaging platforms like Telegram, WhatsApp and Facebook Messenger. The companies that specialize in this type of communication can provide a lot of growth for Fintech companies by improving the communicative process with their clients and facilitating certain operations (like obtaining financing or estate planning).
Another example is the idea of incorporating tools like Virtual Reality or Augmented Reality to improve users’ experience in the Fintech digital environment. It’s also worth mentioning that there could be a more productive use of Big Data and other cases in which a collaboration with leading technology companies in different spheres can create a synergy that consolidates their place in the market ahead of more traditional institutions.
Fintech companies have discovered that they have a place in the financial market and that there’s no reason for this growth to stop. On the contrary, they have room to continue their rise if they know how to continue to exploit technology, which is more and more appreciated by users and is part of its differential asset compared to classic financial organizations. To this end, creating large scale collaborations could be vitally important to their future.
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What Does the Future Hold for the Crypto Market?
Crypto industry experts mixed the options regarding the future of cryptocurrencies. Some believe that the market will continue with its volatility, while others expect some sort of stability in 2022.
If equity stockholders experienced a great year, crypto investors had a bad one in 2021. Prices of several cryptocurrencies mixed out unbelievable returns for investors. Cryptos like Bitcoin or Ethereum experienced a price improvement of 40% last year. However, since prices aren’t stable, Bitcoin prices fell abruptly in May 2022. Elon Musk tweeted about his worry regarding the impact on the world and China cleft the crypto market. As investors rushed to sell their coins, prices of some cryptocurrencies fell in just a couple of hours.
What to expect in 2022? It depends on government policies, as China, the world’s biggest crypto market, banned transactions in September 2022. Blockchain technology reaches wider usage, which will isolate China from the rest.
Thinking of entering the crypto world in 2022? Here’s what you should do.
First things first, you need to follow the basic rules. As such, invest small amounts. Crypto coins have poured around 5,000% in the past months. However, you shouldn’t get carried away with these numbers. Even if you have a strong passion for trading, do not invest more than 10-15% of your overall portfolio in cryptocurrencies.
As you may know, this is a highly risky game and as an investor, you must be able to digest high volatility. As May month showed, cryptocurrencies can drastically fall overnight, by almost 80%. Remember that even the Bitcoin price fell 25% from its November price. Enter this market only if you can afford to lose money.
Also, it’s essential to use a trustworthy platform – the crypto space is not regulated in all places in the world. Invest only in reliable crypto platforms, so that your money doesn’t get stuck. Invest in a well-established platform to avoid complications.
The crypto space lacks credible data. Investors are reliant on unreliable info on the internet. Some scammers might even charge you for the tips they provide and then use the “pump-and-dump” operation. So, be careful when buying obscure coins just because the price is low. You can buy fractional, so don’t worry about the prices. Ethereum and Bitcoin are the crypto market’s most secure coins, which also drive the overall market sense.
Cybercriminals use innovative ways to defraud people, especially beginners who aren’t familiarized with online digital ecosystems. Spam, phishing, and spyware are the most common forms of digital banking fraud intended to obtain people’s personal account information and then illegally withdraw money into their bank account. It’s also advisable to not click on any suspicious links you might receive through emails or messages.
How stable will crypto be in 2022?
On the point of the crypto market’s future, experts believe that the volatility will remain high for the rest of the year. Bitcoin, for example, is the world’s most known altcoin, and it’s much more than other cryptocurrencies you’ve seen before. Most investors and enthusiasts expect Bitcoin price USD to go above $4,000 in 2022. Ethereum, on the other hand, has grown exponentially in its value since 2015, when its price was $0.311. Now, the ETH price rose to around $4,800, which is the highest since its launch. In August, Ethereum hit $1,680, the highest it has been in the past months.
So, how high do experts expect Bitcoin or Ethereum prices to climb? Prediction for 20223 says: that the price for Ethereum or Bitcoin will be between $400-4,500 in 2022. The most recent price prediction was $4,000. However, it’s nearly impossible to predict the price with 100% certainty. The crypto reports say that Ethereum could rise to $6,500 by the end of 2022. However, ETH could be involved in another crash this year, dropping its price to $500.
Experts say that ETH’s price will be even more unstable than Bitcoin’s in the following months. However, this doesn’t change Ethereum’s appealing widespread use; until the price drop happens, crypto experts wait to see how investors build their tech on Ethereum’s platform to reply to those changes. Whatever may happen in the future, investors will need to improve demand to continue rising. The blockchain platform has serious competition from other platforms that are using ETH to transition to its new updates.
What influences a cryptocurrency’s price?
Its reputation. Now, new coin alternatives with capabilities similar to ETH and Bitcoin are entering the market, managing to change the demand for a cryptocurrency in pro and con ways. Here’s what impacts a cryptocurrency price.
High traffic and utilization. Although it’s uncommon for Bitcoin, for example, to increase and decrease its price several times per day, smaller cryptocurrencies can have even bigger price changes. If you understand the essential value of source and demand behind a cryptocurrency and its value, you can make better crypto decisions. If you think demand will increase for whatever reasons, that cryptocurrency is going to be a great investment, bringing you profit at some point. However, governments still don’t have proper regulations put in place for the crypto market, which still makes it a risky investment, after all.
Conclusion
Although investors want to know what will happen to crypto prices, it’s difficult to predict with certainty. However, it’s not surprising to hear from someone who invested heavily in Ethereum or Bitcoin that these currencies will soon be worth hundreds, if not thousands of dollars. Bitcoin’s price is still in its infancy phase, which means that prices will continue to drop and rise until a stable point can be reached (if it will ever happen). If you want to buy crypto to reserve capital, the price can be extremely volatile. There’s no guarantee that you will see any returns! You’re likely to lose everything you invested. However, please make sure to do plenty and good research before starting investing in crypto.
Disclaimer: This is a guest release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
What Does the Future Hold for the Crypto Market?
Crypto industry experts mixed the options regarding the future of cryptocurrencies. Some believe that the market will continue with its volatility, while others expect some sort of stability in 2022.
If equity stockholders experienced a great year, crypto investors had a bad one in 2021. Prices of several cryptocurrencies mixed out unbelievable returns for investors. Cryptos like Bitcoin or Ethereum experienced a price improvement of 40% last year. However, since prices aren’t stable, Bitcoin prices fell abruptly in May 2022. Elon Musk tweeted about his worry regarding the impact on the world and China cleft the crypto market. As investors rushed to sell their coins, prices of some cryptocurrencies fell in just a couple of hours.
What to expect in 2022? It depends on government policies, as China, the world’s biggest crypto market, banned transactions in September 2022. Blockchain technology reaches wider usage, which will isolate China from the rest.
Thinking of entering the crypto world in 2022? Here’s what you should do.
First things first, you need to follow the basic rules. As such, invest small amounts. Crypto coins have poured around 5,000% in the past months. However, you shouldn’t get carried away with these numbers. Even if you have a strong passion for trading, do not invest more than 10-15% of your overall portfolio in cryptocurrencies.
As you may know, this is a highly risky game and as an investor, you must be able to digest high volatility. As May month showed, cryptocurrencies can drastically fall overnight, by almost 80%. Remember that even the Bitcoin price fell 25% from its November price. Enter this market only if you can afford to lose money.
Also, it’s essential to use a trustworthy platform – the crypto space is not regulated in all places in the world. Invest only in reliable crypto platforms, so that your money doesn’t get stuck. Invest in a well-established platform to avoid complications.
The crypto space lacks credible data. Investors are reliant on unreliable info on the internet. Some scammers might even charge you for the tips they provide and then use the “pump-and-dump” operation. So, be careful when buying obscure coins just because the price is low. You can buy fractional, so don’t worry about the prices. Ethereum and Bitcoin are the crypto market’s most secure coins, which also drive the overall market sense.
Cybercriminals use innovative ways to defraud people, especially beginners who aren’t familiarized with online digital ecosystems. Spam, phishing, and spyware are the most common forms of digital banking fraud intended to obtain people’s personal account information and then illegally withdraw money into their bank account. It’s also advisable to not click on any suspicious links you might receive through emails or messages.
How stable will crypto be in 2022?
On the point of the crypto market’s future, experts believe that the volatility will remain high for the rest of the year. Bitcoin, for example, is the world’s most known altcoin, and it’s much more than other cryptocurrencies you’ve seen before. Most investors and enthusiasts expect Bitcoin price USD to go above $4,000 in 2022. Ethereum, on the other hand, has grown exponentially in its value since 2015, when its price was $0.311. Now, the ETH price rose to around $4,800, which is the highest since its launch. In August, Ethereum hit $1,680, the highest it has been in the past months.
So, how high do experts expect Bitcoin or Ethereum prices to climb? Prediction for 20223 says: that the price for Ethereum or Bitcoin will be between $400-4,500 in 2022. The most recent price prediction was $4,000. However, it’s nearly impossible to predict the price with 100% certainty. The crypto reports say that Ethereum could rise to $6,500 by the end of 2022. However, ETH could be involved in another crash this year, dropping its price to $500.
Experts say that ETH’s price will be even more unstable than Bitcoin’s in the following months. However, this doesn’t change Ethereum’s appealing widespread use; until the price drop happens, crypto experts wait to see how investors build their tech on Ethereum’s platform to reply to those changes. Whatever may happen in the future, investors will need to improve demand to continue rising. The blockchain platform has serious competition from other platforms that are using ETH to transition to its new updates.
What influences a cryptocurrency’s price?
Its reputation. Now, new coin alternatives with capabilities similar to ETH and Bitcoin are entering the market, managing to change the demand for a cryptocurrency in pro and con ways. Here’s what impacts a cryptocurrency price.
High traffic and utilization. Although it’s uncommon for Bitcoin, for example, to increase and decrease its price several times per day, smaller cryptocurrencies can have even bigger price changes. If you understand the essential value of source and demand behind a cryptocurrency and its value, you can make better crypto decisions. If you think demand will increase for whatever reasons, that cryptocurrency is going to be a great investment, bringing you profit at some point. However, governments still don’t have proper regulations put in place for the crypto market, which still makes it a risky investment, after all.
Conclusion
Although investors want to know what will happen to crypto prices, it’s difficult to predict with certainty. However, it’s not surprising to hear from someone who invested heavily in Ethereum or Bitcoin that these currencies will soon be worth hundreds, if not thousands of dollars. Bitcoin’s price is still in its infancy phase, which means that prices will continue to drop and rise until a stable point can be reached (if it will ever happen). If you want to buy crypto to reserve capital, the price can be extremely volatile. There’s no guarantee that you will see any returns! You’re likely to lose everything you invested. However, please make sure to do plenty and good research before starting investing in crypto.
Disclaimer: This is a guest release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Blockchain’s Future Lies in Reversible Transactions
Blockchain technology is terrific. We all know it well, especially those who have delved deeper into it. Transactions on the blockchain are incredibly secure, almost unbreakable, which we can not claim about traditional payment methods. But it’s not without its problems that need to be solved.
One of the biggest issues is the irreversibility of transactions. If you’ve ever made a crypto transaction, you know how crucial it is to enter the correct info. If you don’t, the funds could go elsewhere and likely be lost forever.
As this could be problematic for larger transactions, we wanted to cover why that’s the case in this article. More importantly, we’ll delve deeper into why transactions on the blockchain should become reversible and how that can work. It might sound impossible, but there are always ways. Let’s see what those are.
Problems Stemming From Irreversible Transactions
Clearly, the blockchain was created to ensure the security of the whole network while remaining decentralized.
However, this always meant there would be no way for transactions to be altered or reversed. That’s because once a transaction is made, it is written into the blockchain. If we were to change that information, we would change the entire transaction and break the system.
If you could change a transaction on the blockchain that’s supposed to be final, then it wouldn’t make much sense to have the whole system in the first place.
However, that doesn’t mean we shouldn’t find a way to make reversible transactions a reality while ensuring the system stays true to the nature of blockchain to keep it decentralized.
We need to change it because the current system leads to two significant problems — technical errors and hacks.
Technical Errors
Technical errors are the system’s biggest problem in terms of irreversible transactions. People make mistakes all the time, but when you misspell an address in the world of cryptocurrency, there’s no going back. Once the transaction is made, it’s over.
You have to rely on the owner of that address to return the funds to you. However, many addresses are not operational, which is fairly common with many cryptocurrencies, most notably Bitcoin. So, once the funds go to such an address, it’s over.
Currently, many cryptocurrencies have a vast portion of burned coins — the coins left in inaccessible addresses. This shows how problematic errors can be.
Hacking Attempts
Another big problem of irreversible transactions is successful hacking attempts. If someone gets a hold of your funds, it’s almost impossible to get them back.
With banks and other payment systems operating in a centralized manner, the central authority can quickly reverse the transaction and return stolen funds. But that’s not possible with blockchain transactions as there’s no centralized authority to return the funds.
Naturally, that doesn’t mean centralization is the key here, but it does mean that another fail-safe system or some other mechanism is necessary to avoid such problems.
Reversibility Is the Key
The need for reversibility has long been recognized to make cryptocurrency usage and any other transaction on the blockchain easy.
There have been attempts to change the system. For instance, the aptly named Reversecoin was a small attempt to create a coin that would feature irreversible transactions. It didn’t go through, but the basic idea wasn’t all that bad.
It envisioned a timeout period and a set of keys so a user would have the chance to stop a transaction from going through and effectively reverse it. With the set of keys, even stolen amounts could be returned by reversing the transaction with the proper keys.
Naturally, we also have solutions embedded into the current system, like multi-signature smart contracts that require several users to complete transactions. They represent a good system to prevent hacking attempts from succeeding, but they are not always enough.
We get something more with a solution called t3rn. It’s a smart contract hosting platform that uses a fail-safe mechanism that guarantees a successful execution every time. It effectively escrows executed changes, so they are easily reverted if they fail.
One of the key partners of t3rn is Polkadot, and it already has other projects that attempt to achieve a similar thing like t3rn, like Moonbeam or Radicle. They know that reversibility is important, especially when dealing with cross-chain transactions. With the help of smart contracts and embedded fail-safe mechanisms, there’s a chance to achieve that.
And if we can get to reversible transactions without compromising the decentralized nature of the blockchain, then why not do it? Irreversible transactions can be very problematic, as you’ve already seen, so a solution that doesn’t affect decentralization is definitely needed.
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BPOF – The future of Play-2-earn gaming
BPOF is a company that lives on a multi-blockchain platform that aims to be ahead of its time by participating fully in the still underdeveloped Crypto Gaming World and NFT investments. BPOF has multiple purposes such as Creating and Developing play-to-earn Crypto Games, managing any revolutionary external NFT-based crypto game or idea and evolving blockchains that promise a bright future.
The team and brain force behind the BPOF Gaming venture are steadily creating a crypto-gaming ecosystem to rapidly replace traditional gaming as we know it.
Play-to-Earn Racing
The initial game offering from BPOF will be a play-to-earn racing game with an original concept that engages players in a competitive manner. It will be divided into two separate racing worlds. The first one is suited for on-road racing enthusiasts while the other gives wings for a “gravity-defying” racing experience. Players have the opportunity to compete against each other in a futuristic racing universe for rewards and customisable options for their cars. There are two game modes to play:
- One vs One – players compete against each other on the racing track with the only purpose being to cross the finish line first
- Racing Party – players can create custom lobbies and race against more than one player, in this case, the top 3 positions are rewarded.
How does it work?
At the beginning of each race, no matter the game mode, players will pay the entrance fee. Should they win/be amongst the winners of that race, they will be rewarded the other’s entrance fee. Exciting, right?
Additionally, Besides owning a unique NFT car, players can customise their cars even more. There are in-game changes to appearance that users can get to make their experience even better, and show others the skill they have in the game.
The creators of BPOF Gaming believe that gaming should be experienced with friends. Players will have the option to create Racing Teams, similar to clans, in which they will support each other and fight their way up the ranking list. This way our community can benefit from staying connected while bringing new people to our ecosystem.
The Fidelity Card collection – Launching soon!
Phase 1 – the initial collection will contain 5555 Unique NFTs representing a TICKET. These NFTs are called FIDELITY CARDS.
These will be the first people that will join our ecosystem and we plan to reward them in every move that we will make from now on. These TICKETS will provide unique advantages for its holders in our current projects and the ones to come.
These cards give their owner the value of a whitelist member, priority and a settled place in future activities such as mints, insider info and DAO votes. Those will be the pinnacle of the BPOF Ecosystem. These assets will be our most valuable collection because they have utility throughout all our future projects.
The full details for the mint will be announced soon; follow the BPOF Gaming Twitter for all the updates.
The future of gaming?
With many NFT Investors globally excited about the launch of the BPOF Gaming its clear why many, including themselves, consider BPOF to be one of the real future prospects of the Web 3 gaming space.
A bright future for sure!
Twitter – https://twitter.com/bpofgaming
Website – https://www.bpofgaming.com/
Contact Name – Mitch Lees
Contact Email – [email protected]
Contact Location – London, UK
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Tron, Fantom And HUH Exchange To Shape The Future Of Crypto NFT
As the cryptocurrency market continues to grow, it serves as a fertile ground for innovative, inventive decentralized systems that will address some of the most complex issues facing the globe. Investors are constantly on the quest to find the most profitable crypto projects at every given moment.
Tron (TRX) and Fantom (FTM) are highly decentralized smart contract-enabled blockchains that have built their popularity and reputation over the years. HUH Exchange (HUH), a new cryptocurrency, has gained traction within the crypto community as it strategically positions itself as a world-class exchange supported by cutting-edge technology. In this article, we will outline how HUH Exchange (HUH) and why it might be the best cryptocurrency to buy now.
HUH Exchange Set To Reinvent Blockchain As We Know It
The HUH Exchange (HUH) is designed to support smart contracts and decentralized applications (dApps). This design strategy potentially increases network adoption by allowing developers and content creators from other networks to enrol easily. HUH is the HUH Network (HUH) native token.
This new cryptocurrency project intends to create the world’s largest social decentralized on-chain governance platform. In addition, the HUH Token will serve as the de facto governance token. HUH is much more than a payment system. It’s a huge collection of DeFi devices, social apps, and networks that are free of data theft and restriction.
The goal of HUH Exchange (HUH) is to run HUH and the applications built on top of it on a PoS consensus system while allowing the community to use and govern it. Holding HUH also entitles users to vote on crucial choices made inside the HUH ecosystem.
The MetaHUH foundation intends to be the top platform for developers, content creators, and users to build and live on. The entry point into the HUH metaverse and network is a profile. They own a variety of assets, including money, NFTs, tokens, and much more.
During the presale, 35% of the supply of currencies will be accessible to the public, and whatever remains unsold will be destroyed. This is done to assure HUH Network (HUH) stability upon launch and to allow for a reduced circulating supply.
Tron Ecosystem Continues To Develop
Tron (TRX) is a decentralized platform that enables consumers to trade cryptocurrencies and developers to create highly scalable and user-friendly dApps cheaply. TRX, the platform’s native cryptocurrency, may also be utilized for staking and other transactional activities. TRX Token has featured on over 130 cryptocurrency exchanges and has acquired worldwide traction.
The major purpose of the project is to promote and help content creators, who earn only a small percentage of revenue, by compensating them more for their labour. The project achieves this by effectively charging content consumers, and payment is made directly to content producers (without intermediaries like YouTube, Facebook, or Apple).
Tron (TRX) is well-known for its audacious objective of completely decentralizing the Internet. Supporting the growth and development of the NFT arena is part of that mission. As a result, in 2021, the Tron Foundation partnered with APENFT, an NFT marketplace focusing on high-value digital art. The partnership established a $100 million fund to assist digital artists and NFT platforms.
TRC-based token transactions are now available in the TRON (TRX) ecosystem, owing to the TRX token. TRON (TRX) is a network of platforms, tools, and protocols that tries to decouple the content distribution business’s central structure. The TRON (TRX) network allows programmers to build up produce farms, lend money, play online games, and create decentralized apps.
Don’t Be Afraid Of Fantom (FTM)
Fantom (FTM) is a DeFi-focused smart contract platform that is very scalable. This platform is preferred by developers due to its transaction speed, which can be as fast as two seconds. While competing platforms that use smart contracts have lags and inefficiencies, Fantom (FTM) is fast, dependable, and cost-effective. It’s no surprise that it’s drawing a rising number of users and developers.
This open-source blockchain is not only extremely fast and inexpensive, but it is also Ethereum-compatible, making it very enticing to Web3 developers. Fantom (FTM) is focusing on releasing upgrades and enhancements to achieve a Web3-leading degree of decentralization, scalability, reliability, and throughput.
Fantom (FTM) was the third-largest DeFi protocol by total value locked (TVL) at the start of 2022, with TVL for Fantom-based DeFi projects increasing by 52 percent during the third week of January. The platform also intends to expand its NFT ecosystem, which is now quite modest. Fantom’s low-cost yet scalable capabilities, on the other hand, are perfectly suited for NFT market expansion.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Hello World; I’m Findora, the Future of Blockchain Privacy
Findora is leading the privacy revolution in Web3 by creating a privacy oracle for any Layer 1 or Layer 2 chain on Ethereum.
Similar to how Polygon solves all things scaling for Ethereum, Findora solves privacy scaling for Ethereum by using an innovative blockchain architecture that no other project has tried. By providing privacy, Findora will allow individuals and institutions to enjoy the security and decentralization of Web3 with the protections of Web2.
TL;DR
- Findora is a leader in privacy blockchain technology using zero-knowledge proofs.
- Although many assume crypto is automatically private, public ledgers and public blockchains expose their financial transactions.
- Findora uses advanced cryptographic technology collected in their open-source Zei Library, which includes Bulletproofs and Turbo Plonks.
- It does more than all other zero-knowledge projects, providing not only confidential transactions but also powerful ZK toolkits, a UTXO settlement layer, and unparalleled composability.
Crypto =/= Private. People Just Assume It Does
People associate crypto with privacy and being secretive. After all, “crypto” is Greek for “hidden,” so it is suited for anonymous transactions natively already, right?
Well, no. Public blockchains like Bitcoin and Ethereum use open ledgers that publicly broadcast transactions between “wallets.” These wallets are tied to each of your transactions on the public ledger. Thus, if anyone ties your personal ID to your wallet address, they have your entire transaction history.
For example, imagine you lived in a house made totally of glass. Neighbors could see you cooking, working, using the restroom, and engaged in personal activities as they walked by. Your only protection was a mask you had to wear everywhere.
That mask is like your wallet address on a public blockchain like Ethereum. Everyone can look up all the transactions tied to that address. And if the mask slips, if that address is tied to your personal identity, you would essentially have zero privacy on-chain.
Crypto is pseudonymous at best. It poses too great a privacy risk for many businesses and communities to use. But what if there was a way to have the same benefits of a public blockchain – trustlessness and decentralization – without sacrificing privacy?
Never Fear; Privacy is Here!
Findora revolutionizes blockchain technology, integrating a UTXO ledger (as Bitcoin uses) with an EVM ledger (as Ethereum uses). By parallelizing these ledgers, Findora unites the two so developers can leverage either one, giving Findora more utility than chains that adhere to only a single blockchain model.
Findora has created an inherently different blockchain architecture that is optimized for zero-knowledge integration and cross-chain compatibility. It’s not a Layer 2 ZK project like ZK-Stark nor a token mixer like Tornado Cash. These projects are important and do good work — they are part of what we call the Privacy Alliance — but they don’t offer the native settlement capability and universal programmability that Findora can.
Even though transaction data, like a token amount, token type, and wallet addresses, can be shielded on the Findora blockchain, the data can still be audited by regulatory bodies for compliance purposes. This allows Findora to neatly fit the existing needs of the financial sector so institutions and businesses can move their capital to Web3.
Because of its EVM ledger and Tendermint consensus engine, Findora is compatible with most of the cryptoverse and is a cross-chain-friendly project. This allows other projects to use Findora like a privacy oracle as their own privacy layer.
What is A Zero-Knowledge Proof?
Zero-knowledge proofs are mathematical algorithms that allow one party (the prover) to prove to another party (the verifier) that they know a value x, without conveying any information about the details of the proof. For example, it would be a way for one person to prove they know a secret password without revealing what that password is. The classic example is the cave of Ali Baba, but we have one that is a bit more relatable.
Imagine you’re back in middle school, and your friend Susie claims to have the number of the girl you like. But you don’t really believe she has it. You want your crush’s number so you can ask her to the movie, but Susie won’t give it out. How can she prove she has it without giving it to you? This is where a zero-knowledge proof would come in handy so that Susie could prove she has the number without revealing what it is.
Susie reveals 2 digits of the 10-digit phone number (these act as the keys in a real ZKP). You don’t believe that’s really her number, of course, so Susie calls it, and your crush answers! You know it’s her because is the same voice, laugh, and personality.
Susie hasn’t given you your crush’s number, but she did prove to you that she had the number by verifying the voice and a few digits to you.
In this analogy, Susie revealing two digits and calling your crush is an example of a zero-knowledge proof. ZKPs are the exchange of two keys, one private and one shared, that, when hashed, solve a specific problem. When solved, it proves to any observer that both parties have the answer without revealing what the answer is.
Findora’s Cryptographic Techniques
All of Findora’s ZK cryptography is stored on the Zei Library, the most advanced collection of ZK implementations in Web3. You can find it and other open-source documentation on the Findora GitHub. Here are a few key ZK proofs and concepts to know:
ZK SNARK: The most commonly used ZKP, a ZK-SNARK (“succinct non-interactive argument of knowledge”) is a proof that requires two keys, one public and one private. The private key is used to generate the proof, while the public key is used to verify the proof. Bulletproofs and Turbo Plonks are specific types of SNARKs.
Bulletproofs: Bulletproofs are “zero-knowledge proofs that require no interactivity and have very short proof and verification sizes.” They were created in part by Findora researchers at Stanford in 2018. Findora uses them to make Blind Asset Records (BARs) which, practically speaking, can shield the amount and token type involved in a transaction.
Turbo Plonks: A system of polynomial commitments with sublinear-sized SNARKs, Turbo Plonks were created by Ethereum researcher Tim Ruffing in 2018. Findora uses Turbo Plonks for “Triple Masking,” which allows wallet addresses involved in a transaction to remain anonymous. They convert a BAR into an ABAR or an “anonymous blind asset record.”
ZK STARK:(not used by Findora yet but important to know): ZK STARKs (“scalable transparent arguments of knowledge”) are “zero-knowledge proofs that do not require a trusted setup, are post-quantum secure and have very short proof sizes.” They were created by Eli Ben-Sasson, Madars Virza, and Alessandro Chiesa in 2017.
Zero-knowledge proofs are a relatively new area of cryptography, and the team at Findora is always looking for ways to improve upon them. If you’re a cryptography researcher or developer and are interested in working on ZKPs, or a developer or a Rust Engineer, please reach out. We are hiring and looking for interactions on our Discord.
What Makes Findora Different From Other ZK Projects
As mentioned before, Findora is not a Layer 2 project, it is its own separate blockchain. However, it was built to be cross-chain compatible, focusing on Ethereum-compatible chains first but will also be interoperable with Tron, Solana, and others in the future. Unlike other zero-knowledge projects, Findora is focused on more than just confidential transactions but also wants to act as a universal privacy oracle that can settle transactions.
Unlike projects like Zk-Sync and Starknet, Findora is not a Layer 2 or a scaling solution. Unlike projects like ZK Panther, it can provide other projects with native privacy and allow them to issue privacy-preserving tokens using our UTXO layer as a secret bridge across all Layer 1 networks. Unlike privacy coins or token mixers, Findora is extremely composable and capable of transacting complex smart contracts in a confidential manner.
Findora is working to make DeFi private enough for mass adoption – safe for personal and institutional use.
Findora’s History
Findora can claim major contributions to the field of zero-knowledge cryptography since it started in 2017. Here’s a brief timeline of the project’s history:
2017 – Findora researchers at Stanford University contributed to the development of Bulletproofs
2017-2020 – Findora researchers and engineers aggregated their findings into Zei Library, an open-source repository of the most advanced zero-knowledge cryptography in the industry.
2020-2022 – Findora helps develop Turbo-Plonks, a lightweight zero-knowledge proof used for scaling, and takes it from an academic exercise to having practical applications.
2021, March – Findora beta mainnet launches
2021, July – Testnet staking goes live
2021, September – Findora adds EVM extension and Ethereum compatibility through its own “smart chain.”
2021, October – beta mainnet staking launches
2021, October – Findora’s $100 million Ecosystem Fund goes live to incubate projects and offer grants
2022 – Triple Masking, which provides for fully anonymous transfers to go live.
A Private Future Made Public
DeFi and Ethereum have worked so hard to create a decentralized future that they forgot that privacy is a financial primitive. It’s not some cloak for criminals. It’s a necessary part of society, enabling business, free speech, free association, innovation, true sovereignty, and growth. Many institutions are forced to park their funds on the sidelines of DeFi because transacting on public blockchains would reveal proprietary trading strategies.
Findora can be used for a slew of necessary use cases: private DAO payrolls and voting, private insurance payment, private NFTs, and much much more.
Findora scales Ethereum privacy with next-generation zero-knowledge proof technology. It is a leading privacy-preserving smart contract platform for Web3, giving developers the tools they need to build a new financial internet. It is poised to use privacy to make DeFi a safe place for individuals and financial institutions and accelerate the mass adoption of crypto around the world.
Whatever the future for Web3, it’s clear that privacy, and Findora, will be a big part of it.
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