 Show Posts
|
|
Pages: [1] 2 »
|
Well, if you do not know what Layer 2 is, you can read about it here https://academy.binance.com/en/glossary/layer-2With the current increase in gas fee especially on Ethereum network, I would have love to see the positive influence of such protocol on the entire blockchain. I have seen some project such as KINGSWAP prioritizing L2 but it is unclear if they will be able to achieve this because their previous statement regarding L2 implementation is futile |
|
|
|
|
I look backward and see a lot of challenge facing bounty hunters and I can only see that things will get harder. The mental stress of looking for the right bounty to promote, waking up in the middle of the night for several hours to complete tasks for months just to realized you won't get $1 for all your time.
It is another scenario when you discover that the project you promoted is doing great at the exchange market but you realized the team are refusing to give the reward of your labour or change the rules regarding the campaign just to make it hard for you to get your reward.
I think most of this project team see hunters as being toothless because they know the worst you can do cannot affect their project. They name you different names just to make you look like a fool in the eyes of investors.
Until there is a way to deal honorably with these team, hunters will continue to suffer
|
|
|
|
|
I have gone through some articles pointing out how bitcoin lightening network works especially in processing transaction at faster speed and reduced transaction fee. As we all know that presently the transaction fee for sending bitcoin is very high and this is a great disadvantage especially if I am sending small amount of bitcoin to an exchange platform or I am purchasing a services (e.g Nord VPN subscription) with you few bucks in bitcoin. I am looking forward to see someone who can explain if it is possible to use bitcoin lightening network to send bitcoin to a CEX wallet address. I understand that lightening network use QR code instead of public key and both are provided by CEX
|
|
|
|
What happened:: frotac.com is a web based crypto storage that is being created to steal users coin. All the wallet addresses of any registered users are the same and it is an Ethereum address. ETH Address:0xd528AB080ea35405526547a1BF1BaE808981366f Scammers Profile Link: A fake token is being created with ticker "FRT" without any information of smart contract, whitepaper etc. All they will ask you to do is to send an ETH to the address below 0x2C942ea59f586e080BE6751761bC13Ebc08695C2 They claim to be license financial institution without any information about business address, license documents or number or anywhere to verify the business. https://web.archive.org/web/20201127094336/https://frotac.com/: Additional Notes: Bounty thread: https://bitcointalk.org/index.php?topic=5295039.0 They claim to have over 90,000 users but the account was created on the 21/11/2020 The same crypto address for every account 
|
|
|
|
I was a bit confused today when I saw YFII as top gainer on the binance market. I was not familiar with the token. I only know YFI which has been trending for the past 1 month. I checked the Coingecko here https://www.coingecko.com/en/coins/dfi-money and I saw that they are different defi project YFI websites is https://yearn.finance/ while YFII is https://dfi.money/. I am just curious to know the connection between the two projects because YFII looks like a new version of YFI. If not YFII could have gone for another ticker name. All probably they want to tap from the YFI FOMO |
|
|
|
According to the tweet https://twitter.com/TheRealTahinis/status/1295770434349281281. Tahinis, A Canada-based Middle Eastern restaurant has converted all their entire savings to bitcoin. The decision to turn the cash holdings to cryptocurrencies emerged in the March crash and as the Canadian government started to offer aid services to companies struggling to stay open owing to the pandemic. With the U.S. and Canada printing money to support their crippled economies, Tahini's owner Omar Hamam began to see the financial system as "a play of tic tac toe being played right now, and music will halt and some people would be left out." Hamam said he was worried that handouts and money printing would devalue the economy of the fiat. "It was clear to us that cash did not have the same appeal," he added. "In the end, with all the extra currency floating in the market, the capital will be worthless." He decided to convert the business's savings to Bitcoin as it "gives a much viable choice to saving cash." He said they would proceed to use Bitcoin as a reserve asset — "perhaps permanently if we don't need fiat." |
|
|
|
The Oasis University Program is joining forces with blockchain network operators to provide students with real-world experience. Numerous international universities and blockchain technology companies have joined hands to introduce the Oasis University Initiative, which seeks to provide students with the first-hand interest in designing emerging innovations such as blockchain. The initiative would provide student blockchain groups and organizations across many colleges with connections to blockchain teams and blockchain network providers, according to the Oasis Foundation, an organization focusing on creating a democratic digital ecosystem, and the Oasis Network, a flexible, privacy-first platform. The initiative has over 25 founder partners and is the largest to be built on a blockchain network, according to Oasis Foundation. The goal is to pull together a wide group of people who are concerned about data protection and open networks. As active users of the Oasis community, university leaders create applications, operate validators, and participate in governance on the Oasis Network, said the Base. The program also offers technical assistance, tutorials, and full access to occurrences centered on accountable data such as the ongoing Responsible Data Summit. Project link: https://oasisprotocol.org/partners |
|
|
|
The Federal Financial Regulation Authority (FFSA) or BaFin, the body responsible for overseeing cryptocurrency service providers, was in the midst of cracking down on both illegal and unregulated Bitcoin ATMs. According to a Bitcoinnews.com article, the closure accompanies a regulation that took effect last January ordering crypto-service operators to receive BaFin authorization. German BaFin regulators have found a range of illegal Bitcoin ATMs running in Germany, and at least one firm, the Estonia-licensed Virtual Planet OÜ operated by the Shitcoin Club, has issued an order to halt the activity of Bitcoin ATMs in the region, according to the article. Another central Bitcoin ATM provider, Coin Fellows, was told to stop all activities in Germany by the end of July. Bitcoin traders in Germany opposed the closure, arguing that the BaFin criteria are too stringent for small enterprises and are best appropriate to banks and major financial entities. The U.S. Department of Justice has already started cracking down on illegal bitcoin ATMs and recently confiscated 17 computers in California, according to the article. |
|
|
|
When the Malaysian police learned that they stole energy from the power provider Sarawak Energy Berhad or the SEB, they detained four crypto-currency miners. The police spent two days clamping down on four townhouses, reportedly containing bitcoin mining facilities, according to Malay Mail. The stores were situated in the cities of Jalan Tun Ahmad Zaidi Adruce, Jalan Pahlawan, and Jalan Tunku Abdul Rahman. The report reveals that the offenders looted the power utility of over $59,000 a month. Also involved in the project were the Electric Inspectorate or EIU of the Sarawak Ministry of Services. It is estimated that the shophouses produced $191 in monthly electricity bills, which appears to suggest that the miners are also cheating local energy meters for a legitimate transaction. Figures from the EIU indicate that since 2018 there have been 50 inquiries into crypto-related electricity theft incidents. The Kyrgyzstan law enforcement agencies have recently found illegal crypto-currency mining farm on FEZ territory. While they have been illegal since 2018, the Republic of Abkhazia also experiences an increase in crypto mining operations. In the last six months, Customs has registered mining hardware worth more than $589,000 crossing the border. Source: https://www.malaymail.com/news/malaysia/2020/08/12/sarawak-energy-board-nabs-five-cryptocurrency-operators-stealing-state-elec/1893370 |
|
|
|
First Bank of Nigeria, a Nigerian multinational corporation and financial services company headquartered in Lagos, set out to hold a webinar about how FinTech will be disrupted by blockchain and artificial intelligence. Through overall deposits and gross profits, it is Nigeria's largest bank. In order to access trade-related businesses across regions, it is running a network from over 750 business centers throughout Africa, the UK, and regional offices in Abu Dhabi, Beijing, and Johannesburg. The bank is specializing in corporate finance, which has Nigeria 's highest corporate customer base. The webinar which is the fourth edition of the FirstBank FinTech Summit aimed at sharing knowledge on how digital innovations benefit banking, insurance, finance, and value creation across the spectrum of financial value chains. Date: 6 August 2020 Time: 12 pm GMT+1 Theme: How blockchain and artificial intelligence will disrupt FinTech in Nigeria. The webinar will be delivered on zoom. Anyone one interested can register through the Bank website provided below https://firstbanknigeria.zoom.us/webinar/register/WN_2qwM9jsvRbasavu6ILjGaQ |
|
|
|
Recent statistics provided by CoinATMRadar now show that the number of bitcoin ATMs installed worldwide have surpassed 8700. Since July 1, 234 new bitcoin ATMs have been installed and as of July 12, the values have reached 8,724 globally. Out of this value, 6493 bitcoin ATMs are located in the united state while Genesis Coin remains the highest producer of Bitcoin ATM machine (3027) https://coinatmradar.com/countries/ |
|
|
|
|
A mixer (or tumbler) blends various types of theoretically recognizable cryptocurrency. This increases transaction confidentiality, because it allows tracing bitcoin difficult. The owner of Bitcoin sends the money to the mixing machine, exchanging it with that of other users and sending the combined cash to the requested address, ensuring there is no relation between the initial transaction and this address. Settlement sums should be chosen arbitrarily and the settlement consists of several tiny partial payments distributed over a longer period of time.
Such services are widely used by scammers such that they do not get traced.
Do you think mixing services are harming the adoption of the technology ?
|
|
|
|
According to a Cybersecurity company named "ClearSky" A cybercriminal group "Cryptocore" has allegedly stolen around $200 million from cryptocurrency exchanges over the past two years. Targetting around 10 to 20 victims around the United States, the Middle East, and Asia. The hackers used spear-phishing threats to get access to the wallets of crypto exchanges. In certain instances, they might have the direct email addresses of selected individuals. The article reveals that "typically" spear-phishing attacks are performed by imitating employees, mostly those of us with a high-ranking position within the organization or from another organization such as the advisory board. Source: https://cointelegraph.com/news/someone-has-been-on-a-200m-crypto-exchange-hacking-spreehas anyone being a victim of sudden disappearance of coin from exchange wallet ? |
|
|
|
 This is the opinion of Massimo Buonomo, a UN global blockchain expert who added that the need for a bank account may soon be "fully removed by digital currencies and especially the central bank's digital currencies (CBDCs). Buonomo said that banks and credit card companies have had a duopolistic approach to digital payments for many years, but the advent of digital currencies can mean that users can circumvent them completely, he said in an online board on Thursday about the future global post-coronavirus economic structure. He said that low-interest rates, which central banks are needed to facilitate increased borrowing, will speed up the cycle because they enable account holders to chase other countries for returns. For one, the Bank of England discusses the idea that interest rates are paying in negative territories, which suggests savers can compensate the banks to keep funds in their bank accounts. American President Donald Trump recently called them a "gift" for negative rates. Interest rates are the one remaining killer feature of bank accounts, according to Buonomo. Yet in the context of digital currencies that can accept online purchases as quickly, they are in danger of being redundant. Source: https://finance.yahoo.com/news/blockchain-bites-why-un-federal-163430366.htmlIt is becoming evident that things will begin sour for Banks. The sooner they realize this the better for them |
|
|
|
The National Science Foundation, an independent U.S. federal government agency, has granted private blockchain startup KRNC a $225,000 grant to build crypto functionalities for the dollar at a period when the digital dollar is a subject of public debate. The CEO of KRNC ( https://www.krnc.io/), Clint Ehrlich is a regular critiques of Bitcoin and other cryptocurrency. He believes Bitcoin, which runs on the principle of Proof-of-Work, is wasteful," Ehrlich said. "It requires people to waste money and computing power solving pointless problems." KRNC protocol is touted to be based on his own invention called " Proof-of-Balance" Source: https://www.binance.com/en/news/top/123579Anyone understand what this "Proof of Balance" ? What makes it better than other protocols such as POS and POW ? |
|
|
|
A report coming from Russia has revealed that the country Ministry of Economic Development has frowned against the draft bills which was introduced by lawmakers. "If the bills are successfully passed, Russia will have its first regulation for crypto and other digital assets which would also ban any businesses facilitating crypto transactions"The ministry points out that people can still purchase crypto assets elsewhere, according to the Russian newspaper Kommersant, which has got the letter, but the current version of the letters will not allow the government to protect their rights. Crypto-oriented businesses will also be forced out of the region, hurting the economy. The Ministry argues that the new regulations should take a different approach and work on establishing a 'controllable cryptocurrency market' in Russia. Source: https://www.coindesk.com/russias-economy-ministry-calls-for-controllable-market-rather-than-crypto-banPeople do not want government to ban crypto and they also want their right to be protected. Can the government achieve a totally controllable cryptocurrency market ? |
|
|
|
 Sun Exchange, a clean energy company based on blockchain in South Africa, revealed an investment of $3 million from Arch Emerging Markets Partners. Sun Exchange is a peer-to-peer initiative in the field of solar energy. It enables users to use Bitcoin or South African fiat rand in rural areas to buy solar power. The CEO of the Sun Exchange, Abe explained that the reason why Bitcoin is chosen is because they need one universal payment system that enables micro transactions down to a millionth of a U.S. cent https://techcrunch.com/2020/06/09/the-sun-exchange-raises-3m-for-crypto-driven-solar-power-in-africa/What is your opinion ? |
|
|
|
|
