Crypto & Blockchain

Antonio Juliano is Resigning as CEO of the cryptocurrency platform dYdX  

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Antonio Juliano is Resigning as CEO of the cryptocurrency platform dYdX  

CEO of the dYdX  

Antonio Juliano, the creator of dYdX, is resigning as the platform’s CEO.

In an official blog post, Juliano laid out his objectives for taking over as chairman and president of the business. Ivo Crnkovic-Rubsamen, the former operational partner of dYdX, will take over as CEO.

“I realized I didn’t actually have to run my own company. I am and will always be the founder of dYdX.”

Antonio Juliano, dYdX Founder

CEO of the dYdX-qualified successor

The creator of the platform also underlined his dedication to helping his colleagues grow as leaders within the company until a qualified successor appears.

Juliano gave users comfort, nevertheless, saying that he still has a great interest in dYdX’s future. The company’s creator emphasized that dYdX’s journey is far from over and expressed unrelenting optimism about the company’s direction. Juliano will take on the roles of chairman and president of the business after stepping down as CEO.

“I will always be the leader of dYdX. I will continue to drive major decisions and strategy, and will also work closely with Ivo as he runs the day to day operations.”

Antonio Juliano, dYdX Founder

Ivo Crnkovic-Rubsamen fills the role of CEO.

Ivo Crnkovic-Rubsamen, Juliano’s “longtime friend and partner in running the company,” was prepared to assume the role of CEO. “It is due to all of this that I will be becoming Chairman and President of dYdX Trading Inc. instead of continuing as CEO.”

Nonetheless, the founder of dYdX declared that he will “keep driving major decisions and strategy” and collaborate closely with Crnkovic-Rubsamen in managing day-to-day operations.

“dYdX is not done yet. Not in the slightest, he said. “Now, more than ever, there is a chance. It is increasingly clear that DeFi, with derivatives playing a major role, will be the predominant use case for crypto. Decades from now, what we construct will be known. I’m still really looking forward to that journey and my new role in it.

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FAQs

  • What is dYdX?

    dYdX is a decentralized exchange (DEX) that allows users to trade perpetual futures contracts (aka perpetual contracts) for over 35+ cryptocurrencies, including BTC, ETH, and SOL

  • How to make money on dYdX?

    You start earning yield with most of the Staking and Standard Rewards assets once they are purchased. To earn yield by staking ETH or depositing assets in DeFi yield, you will need to purchase the asset and then agree to terms to enable the option and start earning rewards.

  • What assets are on dYdX?

    With dYdX’s Perpetual Contract Markets, you may leverage synthetic assets up to 20 times without any expiration. Perpetual markets for BTC-USD, ETH-USD, LINK-USD, and other currencies are available on dYdX, and more markets will be added in the future. The Perpetuals product lists every Perpetual market.

  • What is dYdX token used for?

    Tokens for dYdX can be allocated to other Ethereum addresses or used to submit and vote on proposals for governance. Among the issues that holders of dYdX can vote on are: defining the safety staking pool pays in the event of a loss. defining the Layer 2 protocol’s risk parameters.

  • Who is behind dYdX?

    The creator of the decentralized derivatives exchange dYdX, Antonio Juliano, DYDX -2.25% Trading Inc., has resigned as CEO, citing circumstances related to his personal and professional life.

Crypto & Blockchain

Crypto traders in the US and Hong Kong have invested more money than they have removed.

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Crypto traders in the US and Hong Kong have invested more money than they have removed.

Crypto traders

CoinShares reports that $130 million went into these cryptocurrency vehicles last week, with the majority of the money coming from the United States. Activity in the area was mitigated by declining Grayscale outflows, with GBTC recording its lowest weekly withdrawals in five months at $171 million.

Although Hong Kong Bitcoin (BTC) exchange-traded funds (ETFs) saw $19 million in inflows, they were dwarfed by Wall Street offerings, which brought in $135 million from roughly 11 products. The $8 billion in ETF trading, according to analysts, showed a downward trend from the $17 billion weekly average seen last month.

“These volumes highlight ETP investors are participating less in the crypto ecosystem at present, representing 22% of total volumes on global trusted exchanges relative to 31% last month.”

CoinShares report

Bitcoin resulted in inflows.

Even if market prices declined, interest in Bitcoin resulted in inflows. However, this was not the case for Ethereum (ETH), the second-largest cryptocurrency asset class, where researchers found additional withdrawals totaling $14 million.

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James Butterfill, an analyst at CoinShares, stated that the U.S. regulatory action regarding spot Ethereum ETFs was probably the reason for the ETH outflows. The SEC’s decision-making delays have raised doubts about when clearances will come through.

This idea was further cemented by enforcement actions taken against Ethereum-related companies like Consensys and Uniswap as well as cryptocurrency operators like Robinhood.

Read also: Bitcoin network transactions has begun to decline.

Digital assets

Furthermore, Bitcoin Max Speaking to audiences, Michael Saylor asserted that Ethereum and other cryptocurrencies are unregistered securities of digital assets, a stance that the SEC has long maintained through legal actions and by refusing to categorize ETH as a security or a commodity.

Though analysts think this tendency may change as a result of measures and initiatives in Congress that may clarify which agency can oversee the cryptocurrency business, the SEC’s position is still mostly ambiguous.

Read also: Why it’s important for you to invest in bitcoin

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FAQ

Who is the most famous crypto trader?

Professional cryptocurrency traders come in many forms, but some of the more well-known ones are Arthur Hayes of BitMEX, Barry Silbert of Digital Currency Group, and Cameron and Tyler Winklevoss, the founders of Gemini.

How many billionaires are in crypto?

According to CoinGecko, the market value of all active cryptocurrencies rose by 170%, or around $1.6 trillion, in the last 12 months. According to Forbes’ 2024 World’s millionaires list, it has contributed to the success of at least 17 crypto millionaires.

Who is the richest guy in the world from crypto?

According to Forbes’ annual list of cryptocurrency titans, Changpeng Zhao, the founder and former CEO of the exchange Binance, has emerged as the industry’s wealthiest individual for the third consecutive year.

Which government owns the most bitcoin?

The U.S. government owns 207,189 bitcoin worth $5 billion through the Treasury. by far the largest such state-owned asset

Which crypto has made the most millionaires?

Bitcoin is a predominant asset amongOtherto millionaires, including 11 Bitcoin billionaires, other cryptocurrencies also play a significant role

Crypto & Blockchain

ZachXBT suspects there may be a $15 million hack on the cryptocurrency exchange Rain.

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ZachXBT suspects there may be a hack on the cryptocurrency exchange Rain.

ZachXBT

ZachXBT is an enthusiastic blockchain enthusiast committed to exposing dishonest players and bad actors in the cryptocurrency world.

ZachXBT states that their wallets for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) showed unusual outflows. To support the theories, ZachXBT provided two addresses where the stolen money is probably located.

You might also like: Why it’s important for you to invest in bitcoin

Suspicions of a hack on the cryptocurrency exchange Rain.

ZachXBT emphasized that Rain had not yet released any statements on the incident.

“As of now Rain has yet to make any statement about the incident.”

ZachXBT, blockchain sleuth

Decentralized exchange for cryptocurrencies

Decentralized exchange for cryptocurrencies An exploit was used against FixedFloat, causing the removal of almost $2.8 million from its hot wallet.

Additional monies were also transferred to the suspicious account using ETH, USDT, WET, DAI, and USDC. Stablecoins USDT and USDC were swiftly exchanged for ETH via a number of decentralized exchanges in order to prevent issuer asset freezes.

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Regardless of the latest security flaw, April saw the least amount of cybercrime-related harm since 2021. Cryptocurrency projects lost $25.7 million in total last month, according to CertiK.

With 11 occurrences of compromised private keys—one of the primary causes of hacking projects—the number fell by 141% from March.

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FAQs

  • Who is ZachXBT?

    ZachXBT, a cryptocurrency trader and anonymous Twitter user, is well-known for disclosing influencer rug pulls and NFT projects. This detective signed up for Twitter in 2015.

  • Who is ZachXBT on Twitter?

    In the cryptocurrency world, ZachXBT is well-known for his proficiency in on-chain analysis and his thorough investigations into possible frauds and wrongdoings in the industry. By using the alias @zachxbt on Twitter, he has established himself as a sort of digital detective or crypto vigilante, exposing dishonest behavior, bad actors, and questionable conduct in the cryptocurrency space.
    ZachXBT, who is renowned for his painstaking attention to detail and remarkable capacity to monitor and trace digital assets throughout the blockchain, has been instrumental in exposing frauds and apprehending dishonest individuals. He has frequently been compared to the crypto equivalent of Batman, inspiring fear and responsibility in people and organizations with nefarious intent.

  • What is ZachXBT’s influence on Twitter?

    By sharing in-depth research on frauds, hacks, and unscrupulous influencers on Twitter, ZachXBT gives his followers advice on how to safeguard their cryptocurrency holdings.
    Why is the ZachXBT coin ($ZACH) being used?

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El Salvador and iFinex are working on a framework for cryptocurrency regulation.

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El Salvador and iFinex are working on a framework for cryptocurrency regulation.

A country that embraces bitcoin El Salvador has engaged the assistance of a giant of the digital asset space connected to the biggest stablecoin to togather their work on a crypto regulatory framework

Cryptocurrency regulation

The parent company of Tether (USDT) and the Bitfinex exchange, iFinex, has partnered with El Salvador to carry out President Nayib Bukele’s vision of comprehensive crypto law.

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According to a May 13 release, iFinex would support Bukele’s administration in creating “a solid home for the digital asset and securities market” in the jurisdiction of Central America. The partnership, according to Bitfinex and Tether CEO Paolo Ardoino, indicates new chances to raise money and bootstrap tokenized real-world assets like stocks.

Bitfinex and Tether, two of the biggest and most established cryptocurrency companies, are both owned by Ardoino. The companies, which debuted in 2012 and 2014, invented stablecoin operations and peer-to-peer digital asset exchange. With a market valuation of more than $110 billion per CoinGecko, Tether oversees the issuance of USDT, the largest stablecoin offering in cryptocurrency.

You might also like: Why it’s important for you to invest in bitcoin

President Bukele echoed Ardoino’s comments by expressing the nation’s trust in the anticipated outcomes of the collaboration.

“We are proud of this cooperation and believe that this will be an important step for El Salvador to become the new financial center of the world.”

President Nayib Bukele

El Salvador Bitcoin (BTC) tracker

El Salvador opened up its stockpile to the public by launching a Bitcoin (BTC) tracker. The site, which runs a mempool dashboard, verified that the nation had 5,748 Bitcoin, which is worth more than $360 million.

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El Salvador became the first country to fully legalize digital currency when it made Bitcoin legal tender in 2021 and started to amass the most popular cryptocurrency. Bukele’s government declared its intention to buy one bitcoin every day and persisted in its support of the cryptocurrency in the face of criticism from international organizations like the IMF.

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Nevertheless, there have been difficulties along the way. Two data leaks by hackers from the tool were discovered by citizens who reported issuers using the state-run Bitcoin wallet Chivo.

As of the time of publication, El Salvador had not responded to these concerns, but it was still deepening its connection with the emerging sector.

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FAQs

  • Does cryptocurrency have any regulations?

    State-by-state variations exist in cryptocurrency legislation and regulations, even though many states regulate virtual currency under the same money transmitter statutes.

  • Are crypto regulations coming?

    The EU’s Markets in Crypto-asset (MiCA) regulation will impose new criteria on stablecoin producers in the middle of 2024. Throughout the year, other nations including the UK, Singapore, and Hong Kong will also keep advancing their legislative and regulatory initiatives pertaining to stablecoins.

  • What is the legislation of crypto?

    As of right now, Hong Kong lacks a formal legislative framework for regulating cryptoassets, hence these are not within the jurisdiction of a single regulatory organization.

  • What regulatory protections currently apply to crypto assets?

    Businesses using cryptoassets must abide by AML and CTF laws, according to the FCA. All UK-based cryptoasset companies are required to register with the Financial Conduct Authority (FCA) and exhibit adherence to the Money Laundering, Terrorism Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) as of January 2020.

  • Why does crypto need regulations?

    According to bitcoin studies, the markets with the highest levels of regulation are created by the coins. By disseminating trustworthy, open information, the cryptocurrency regulation—which is frequently offered by exchanges like Binance—can also aid in safeguarding investors.

Crypto & Blockchain

Hackers of the Parity wallet start trafficking $150,000 in Ethereum After 7 years,.

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Hackers of the Parity wallet start trafficking $150,000 in Ethereum.

The first batch of 3,050 Ethereum (ETH) has been laundered by the hacker who took 150,000 ETH from the Parity Multisig Wallet back in 2017.

Hackers of the Parity wallet

After seven years of inactivity, a hacker who took 150,000 Ethereum (ETH) from the Parity Multisig Wallet version 1.5 in July 2017 moved $9 million worth of ETH to eXch. Cyvers Alerts, a smart contract monitoring service, claims that the hacker used “multiple consolidated addresses” to start the 3,050 ETH money laundering process.

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Parity Multisig Wallet

Read also: Bitcoin network transactions has begun to decline.

The researchers also noted that the hacker still has possession of over 83,000 ETH that were taken from the 2017 attack and are currently valued at $246 million. The 2017 breach exposed weaknesses in the Ethereum ecosystem and took 153,037 ETH from three multisignature contracts connected to Parity Multisignature Wallet.

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Web 3 in the future digital world

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Web 3 in the future digital world

Web 3 attempts to decentralize the internet, allowing people more control over their data and online experiences, in contrast to Web 2.0, which concentrated on social media and user-generated content.

About web 3

Web 3 is primarily concerned with the decentralization of the internet. This implies that users can communicate directly with one another over peer-to-peer (P2P) networks rather than depending on central servers held by large computer companies for data management and storage.

By granting people greater control over their digital assets and online personas, decentralization has the potential to democratize access to information and services.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

The idea of interoperability is a key component of web 3. The silos that exist between various platforms and services in the current internet era make it challenging for consumers to transfer their data and digital assets across them.

By facilitating smooth communication between various services and apps, Web 3 seeks to remove these obstacles and provide users access to and control over their data over the whole internet.

The idea of interoperability is a key component of web 3. The silos that exist between various platforms and services in the current internet era make it challenging for consumers to transfer their data and digital assets across them.

By facilitating smooth communication between various services and apps, Web 3 seeks to remove these obstacles and provide users access to and control over their data over the whole internet.

Technology enabling Web 3.

Decentralized Storage: Web 3 encourages the use of decentralized storage options to protect user privacy and data security. Users can store and access data in a distributed manner, decreasing the need for centralized servers, thanks to technologies like Filecoin (FIL) and IPFS. For instance, IPFS ensures data availability even when some nodes are offline and lets users access material without depending on particular servers, making it resistant to censorship.

Internet of Things (IoT): By allowing actual objects to be connected to the internet, speak with one another and exchange data, IoT devices are essential to Web 3. IoT devices can communicate with one another on their own in a web-based environment to deliver real-time data for industrial, environmental monitoring, and smart home automation applications. For instance, occupancy patterns can be used by smart thermostats to modify temperature settings, and smart meters can track and optimize energy use.

Read also: Bitcoin network transactions has begun to decline.

Machine learning (ML): As a branch of AI, machine learning (ML) focuses on creating algorithms that can analyze, interpret, and forecast data in order to make judgments. Web 3 uses machine learning (ML) methods to streamline user interfaces and automate tasks. For instance, machine learning algorithms can utilize user behavior analysis to forecast future behavior, like the next movie a user is likely to watch on a streaming service, or they might look for irregularities in bank transactions to stop fraud.

Artificial Intelligence (AI): Because AI allows machines to learn from data and carry out tasks that traditionally require human intelligence, it is essential to Web 3. AI systems are able to examine enormous volumes of data in the context of Web 3 and offer individualized recommendations and insights. Artificial intelligence (AI) can be used to power chatbots that assist customers and AI-powered content recommendation systems that improve user experiences on websites and applications.

Blockchain: Blockchain acts as a distributed, immutable ledger, supporting Web 3’s decentralized structure. Without the use of middlemen, it enables safe and transparent transactions. For instance, smart contracts—self-executing contracts with the terms encoded directly into code—can be created using Ethereum’s blockchain. These contracts enable a number of applications, including supply chain management, digital identity verification, and decentralized financing (DeFi), by automatically executing when the necessary circumstances are satisfied.

Read also: Why it’s important for you to invest in bitcoin

Web 2 versus Web 3 comparison

AspectWeb 2Web 3
Centralization vs DecentralizationCentralized platforms dominate, and large corporations control user data and content distribution. Users rely on these platforms for communication, information, and services.Web 3 promotes decentralization. Users have more control over their data and can interact directly with each other through decentralized applications (dApps) and P2P networks.
Data Ownership and Privacy
Data ownership is often ambiguous in Web 2, with users surrendering their data to platforms in exchange for services. Privacy concerns are prevalent, as seen in numerous data breaches and privacy scandals.
Web 3 prioritizes data ownership and privacy. Blockchain technology enables users to control their data and share it selectively, enhancing privacy and security.

Interoperability and Siloed Platforms
Platforms in Web 2 are often siloed, with limited interoperability. Users face challenges in moving data and content between platforms.
Web 3 promotes interoperability between platforms and services. Decentralized protocols and standards facilitate seamless data exchange and collaboration across the web.

Monetization and Value Capture
Monetization in Web 2 relies heavily on advertising and user data. Platforms capture and monetize user attention and data for profit.
In Web 3, new models of monetization emerge. Cryptocurrencies and token economies enable users to capture more value from their contributions to the web, fostering a more equitable and sustainable digital economy.

User Experience and Innovation
The user experience in Web 2 is largely dictated by platform design and features. Innovation is often centralized and driven by a few major players.
Web 3 promises a more user-centric experience, with innovation distributed across a decentralized ecosystem of dApps and services. Users have more choice and control over their online experiences.

Web 3 effects on society and industries

Society: Web 3 gives people greater control over their data and online personas, which has the ability to empower people. Additionally, it can encourage openness and trust in relationships, fostering a society that is more inclusive and egalitarian.

Governance: Through decentralized autonomous organizations, Web 3 brings new models of governance (DAOs). These companies run on smart contracts, which facilitate democratic and open decision-making.

Media and Entertainment: With tokenization and decentralized platforms, Web 3 gives content creators the ability to directly monetize their creations. This can lessen dependency on conventional media middlemen and generate new sources of income.

Read also: Bitcoin Holders and ownership distribution 2024

Education: Through the creation of decentralized learning platforms, Web 3 can revolutionize education. Global access to educational materials is possible for students, and the blockchain allows for the safe storage of credentials, lowering the possibility of credential fraud.

Supply Chain: Supply chain management can be enhanced by Web 3’s use of blockchain by boosting traceability and transparency. This can facilitate more moral and sustainable business operations, lower fraud, and enhance product quality.

Healthcare: Web 3 can improve healthcare by facilitating transparent and safe data sharing. More patient control over medical records can result in better patient outcomes and increased interoperability across healthcare providers.

Finance: One well-known use of Web 3 in the finance industry is DeFi. It enables peer-to-peer lending, borrowing, and trading in the absence of conventional financial middlemen. By giving unbanked people access to financial services, this can promote financial inclusion.

Web 3 challenges and concerns

Web 3 offers many advantages, but before it can be widely used and succeed, a number of issues and concerns must be resolved.

Regulatory Uncertainty: The legal landscape that surrounds Web 3 technologies is constantly changing. To guarantee compliance and promote innovation in the industry, regulations must be clear.

Scalability: One of the main issues with Web 3 is its ability to grow. In times of heavy demand, existing blockchain networks, like Ethereum, struggle with high transaction fees and lengthy transaction times. To solve these problems, scaling techniques like sharding and layer 2 protocols are being developed.

Read also: What is cryptojacking, and how can one guard against it?

Security: Because web 3 transactions are irreversible and phishing and hacker attempts are common, security is a top concern. It is imperative to implement robust security measures, like multi-factor authentication and secure smart contract development techniques.

Environmental Impact: The environmental impact of blockchain networks’ energy usage, especially for proof-of-work networks like Bitcoin, is a cause for worry. One possible remedy is to switch to consensus methods that use less energy, like proof-of-stake.

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Web 3 in the future digital world [Infographic]

Crypto & Blockchain

China authorities detain six individuals in a $300 million cryptocurrency scam.

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China authorities detain six individuals in a $300 million cryptocurrency scam.

Six people have been detained by Chinese authorities on suspicion of participating in illegal cryptocurrency transactions totaling 2.94 billion yuan, or almost $300 million.

Chinanews, a local media agency, reported on May 10 that the Public Security Bureau of Panshi, in the northeast Chinese province of Jilin, has taken custody of the suspects. According to the authorities, the people ran an underground bank and exchanged South Korean won and Chinese yuan using cryptocurrency.

Cryptocurrency scam.

Six people were allegedly involved in the illicit operation, which the authorities said had its basis in South Korea. Police sources state that the perpetrators stole the investors’ money and fled to China after tricking gullible investors during the exchange process.

After the defendants’ accounts showed unusual transaction patterns, law enforcement launched a thorough investigation that resulted in their arrest. During the operation, many bank cards and pieces of equipment were taken by the authorities.

Read also: Bitcoin network transactions has begun to decline.

Frauds around cryptocurrency

The most recent occurrence follows earlier reports of similar transactions in South Korea and coincides with an increase in the frequency of frauds centered around cryptocurrency.

The arrest of scammers who stole $4.1 million from a South Korean person under the pretense of a cryptocurrency investment scheme was reported by crypto.news on March 26.

Read also: Bitcoin Holders and ownership distribution 2024

Efforts at cracking down on cryptocurrency scam

Authorities globally have also enhanced efforts aimed at cracking down on these schemes. For instance, Austrian authorities joined forces with international enforcement agencies to crack down on a bogus investment scheme that led to €6 million in losses for unsuspecting investors.

In a similar reported case last week, U.K. authorities arrested two individuals for leveraging a cloned version of prominent crypto platform blockchain.com to scam investors of $7.1 million.

Read also: Why it’s important for you to invest in bitcoin

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Donald Trump is working with Bitcoin Magazine on crypto policy agenda.

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Donald Trump is working with Bitcoin Magazine on crypto policy agenda ”day1”

Trump made clear statement in IOWA back on December that he wanted “comprehensive executive order,” and now trump is co-operating with Bitcoin Magazine chief executive officer David Bailey 

For the past month, Bailey claimed to have been collaborating with Trump on a purported “comprehensive executive order” that will be signed on “day 1.”

Fund the Trump campaign.

Bailey noted that in order to guarantee that the twice-impeached and four-timely-indicted candidate returns to the White House, he and other figures in the cryptocurrency field are trying to create a $100 million war fund for the Trump campaign.

Bailey’s disclosure coincides with Trump’s reversal of position on Bitcoin, which he had previously referred to as “a scam” and “based on thin air.” Trump is presently on trial in New York for allegedly fabricating business records.

Political action committees (PACs)

Read also: Bitcoin network transactions has begun to decline.

Political action committees (PACs) and campaign donations are the main sources of funding for Trump’s legal expenses, which are expected to exceed $100 million by the beginning of 2024. Now he’s hopeful that cryptocurrencies could be used for donations.

On May 9, Trump said, “If you’re pro-crypto, you’ll support me because the other guys want to squash it,” during an event held at Mar-a-Lago.

It’s time for Bitcoin to elect the next President

Read also: Why it’s important for you to invest in bitcoin

Leading figures in the cryptocurrency space, like as Charles Hoskinson, the founder of Cardano, continue to voice their disapproval and criticism of President Joe Biden and U.S. Securities and Exchange Commission chair Gary Gensler.

Even billionaire Mark Cuban, who has closely examined the SEC’s strict stance on cryptocurrency, has voiced doubts about Biden’s chances of winning re-election.

Gensler’s actions, according to Cuban, are impeding the growth of legal cryptocurrency businesses. He called on Congress to take action by passing industry-specific laws.

Biden administration on crypto policy

Read also: Bitcoin Holders and ownership distribution 2024

There has been no hint from the Biden administration that it is anti-crypto. Instead, the $50 billion Terra crash and “the wave of insolvencies” that destroyed over $600 billion in investor and consumer assets appear to have been mentioned by the White House in an executive order dated September 2022 as justifications for “harnessing” the potential of cryptocurrencies in a responsible manner.

A number of scandals have also rocked the sector, such as FTX’s bankruptcy and Binance’s recent large settlement with the US government following former CEO Changpeng Zhao’s guilty plea to charges of breaking US money laundering regulations.

Scenarios like these have left a section of the American voting public skeptical of crypto’s overall safety and reliability, according to the Pew Research Center.

But Trump’s pandering to crypto enthusiasts comes as polls indicate that it’s a popular item among his likely supporters. For instance, a recent survey conducted by DCG and Harris Poll indicated that about 20% of American voters in swing states consider crypto a key issue in the upcoming elections.

Read also: What is cryptojacking, and how can one guard against it?

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Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

Donald Trump is working with Bitcoin Magazine on crypto policy agenda ”day1” [Infographic]

Donald Trump is working with Bitcoin Magazine on crypto policy agenda ”day1”
Crypto & Blockchain, Bitcoin

Bitcoin network transactions has begun to decline.

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Bitcoin network transactions has begun to decline.

Since Bitcoin’s price hit a new all-time high two months ago, traders have drastically slowed down transactions, causing activity on the Bitcoin (BTC) network to approach historic lows.

Santiment claims that despite the fact that the number of daily active addresses is at its lowest since January 2019, Bitcoin’s on-chain transaction volumes are almost at their lowest point in a decade.

Bitcoin network

The analytics firm’s data indicates a significant slowdown in whale transactions, which are generally transactions valued at over $100,000.

Although the decrease in on-chain activity would initially appear concerning, Santiment researchers have hypothesized that it may not be directly related to upcoming declines in Bitcoin prices, as we have seen in previous weeks.

Rather, they highlight the complex relationship between on-chain activity and market mood by attributing the fall to “crowd fear and indecision” among traders.

At the time of writing, Bitcoin’s price was hanging just above $60,000, despite these difficulties. It had increased by 0.1% over the previous day.

Read also: Why it’s important for you to invest in bitcoin

Trading volume on Bitcoin network

The coin’s 24-hour trading volume was $12.67 billion, down more than 37% from the day before.

According to data from CoinGecko, the price of Bitcoin fell by 4.6% over the course of seven days, underperforming the worldwide cryptocurrency market, which fell by 4.2%.

Bitcoin’s direction in the upcoming weeks is expected to be significantly shaped by market mood and larger economic factors as investors maneuver through this phase of consolidation and muted on-chain activity.

Read also: Bitcoin Holders and ownership distribution 2024

Runes protocol on Bitcoin network

On the biggest blockchain in cryptocurrencies, the Runes protocol on Bitcoin generated $135 million in transaction fees, according to a Dune Analytics dashboard.

Within a week following the halving, tokens created in accordance with the standard generated expenses of almost 2,100 BTC, according to on-chain data.

The activity has decreased after then. The Block highlighted a Dune analytics dashboard that showed the lowest amount of Runes protocol activity on Friday, May 10.

Read also: What is cryptojacking, and how can one guard against it?

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Read also: bitcoin and how does it works [Infographic]

Bitcoin network transactions has begun to decline.[Infographic]

Bitcoin network transactions has begun to decline.

Which network does Bitcoin use?

Blockchain. Blockchain technology is a decentralized and secure digital ledger that records transactions across a network of computers. It ensures transparency, immutability, and tamper resistance, making data manipulation difficult.

Which network is Bitcoin transferred to?

BTC should be sent to your Ledger Bitcoin address via the BTC/Bitcoin network

How many Bitcoin networks are there?

As of april 2024, there are currently approximately 18,000 public nodes running on the Bitcoin network. This number is regularly updated and accounts for duplicates and non-listening nodes. As more people join the network, the more nodes and miners are needed to keep the network functioning and decentralized.

How do I know my BTC network?

You can find your Bitcoin address in your Bitcoin wallet app.  Every Bitcoin wallet app is a little different, but your Bitcoin address will always be displayed somewhere within the app.

Crypto & Blockchain, Bitcoin

Why it’s important for you to invest in bitcoin

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Why it’s important for you to invest in bitcoin

As the bitcoin market has grown, institutional investors, family offices, and individual investors have all been more interested in using bitcoin as an investment vehicle.

The need to diversify, future use-value, global macroeconomic events, and regulation have all reinforced investors’ trust in the long-term value of bitcoin. The price movement of the market has also increased investor demand for bitcoin.

Individual and institutional investors are incorporating bitcoin into their portfolios to boost diversity, as the market has shown little correlation with conventional financial assets. Enhancing diversification is crucial for optimizing the portfolio’s expected return while reducing risk, an essential investing principle known as portfolio theory.

Invest in bitcoin

The capacity of Bitcoin to hold its value over time is one of its best features. As the price of bitcoin has risen year over year, investors have been more confident in the long-term worth of the commodity, even while other cryptocurrencies and assets have not been able to achieve comparable returns.

A growing number of individual investors are realizing the potential long-term gains from bitcoin for their generational wealth and retirement fund. These days, a lot of big banks provide IRA exposure to bitcoin.

Individual investors are holding their generational wealth in bitcoin because it retains its value better over time than fiat currency, and the ability to self-custody bitcoin makes the transfer of wealth between generations more efficient than traditional banking methods involving third parties.

Read also: Bitcoin Holders and ownership distribution 2024

Long-Term Worth of Bitcoin

Because bitcoin can act as an inflation hedge, investors see it as a long-term store of value investment. The 21 million-unit limit on Bitcoin’s supply shields it from the inflationary pressures that fiat currencies could face from an essentially limitless money supply.

Bitcoin has become more and more appealing to institutional and individual investors who wish to safeguard the long-term value of their holdings as the money supply rises and real yields decline.

Use value of bitcoin

For investors, bitcoin presents special use-value prospects. As the market develops and institutional adoption increases, bitcoin’s value will rise. Investors are already becoming more familiar with bitcoin as a means of payment, a quick way to complete deals, and a collateral for debt.

An increasing number of retailers accept bitcoin as a form of payment. Due to its divisibility and long-term value, bitcoin will become a more appealing payment alternative for buyers and sellers as the dollar declines in relation to it.

Due to its divisibility, Bitcoin may be used for any size transaction and allows for practically instantaneous payments between parties while still preserving transaction security and transparency.

Read also: What is cryptojacking, and how can one guard against it?

Compared to traditional monetary payment systems, transactions can happen significantly faster and without the risk of double-spending because trustworthy third parties are not required to authenticate transactions.

Customers of a number of lending organizations have the option to utilize bitcoin as loan collateral. Since conventional collateral assets like real estate, cars, or corporate assets depreciate over time, buyers may find bitcoin’s long-term value retention appealing.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

A quicker loan process can also be ensured by using bitcoin as collateral; unlike with typical loan collateral, it is possible to verify whether the customer actually owns the bitcoin or not more quickly. By utilizing it as collateral, investors who want to hold bitcoin for an extended period of time might benefit from its value without having to sell it.

Centralized Financial Systems

Many investors have opted to invest in bitcoin and use the Bitcoin network as an alternative to the drawbacks of conventional centralized financial institutions because of the disruption that bitcoin, along with the development and application of its blockchain, caused in traditional centralized financial systems.

Macroeconomic concerns regarding the potentially limitless money supply of conventional fiat currencies are becoming more widespread among investors.

In particular, these concerns center on the effects that ongoing money printing may have on inflation and currency value.

The limited quantity of bitcoin, precisely 21 million, attracts investors who wish to guarantee the stability of their investment over the long run.

decide to invest in bitcoin so they can keep personal ownership of their money. Investors who practice self-custody can store their money in a personal wallet and function as their own bank.

They are able to instantly confirm and decide on transactions, as well as choose the amount of the charge and the duration of the settlement period. Because traditional financial institutions rely on third parties to check transactions, they do not provide their consumers with

Read also: bitcoin and how does it works [Infographic]

The security procedures connected to the Bitcoin network are known as bitcoin. Hacking efforts against centralized financial organizations have increased recently, and an attack could potentially affect thousands of individual bank accounts.

It is very hard to hack the Bitcoin network; it takes 51% of the network’s processing power. Bitcoin hardware wallets, especially cold wallets, can be taken offline and protected against a cyberattack, in contrast to typical financial institutions. the same degree of control.

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Why it’s important for you to invest in bitcoin [Infographic]

Why it’s important for you to invest in bitcoin

Corporations

Corporations across many sectors have demonstrated a varied response and interest in Bitcoin. Some corporations have begun offering Bitcoin as an investment option in employee 401(k) retirement plans due to increased employee interest, while others have started implementing Bitcoin-compatible payment systems.

Bitcoin As a Treasury Strategy

Another recent unique use case for corporations has been the allocation of treasury reserve positions into Bitcoin. Historically, treasury reserve assets have been the standard allocation of cash, gold, and bonds. Most notably, on August 11, 2020, MicroStrategy, the largest independent publicly-traded business intelligence company, announced that it was investing $250 million in Bitcoin and adopting the asset as its primary treasury reserve.

Who is bitcoin Miners?

The Proof-of-Work algorithm used by Bitcoin miners is crucial for processing transactions and updating the public ledger. Specialized machines that offer transparency and security are used to “mine” bitcoin.

The prize for mining a block successfully is 6.25 new bitcoin. The freshly created bitcoin can then be sold or retained by miners.
Because mining bitcoins involves a significant financial commitment because it demands a lot of energy and gear, larger mining companies are starting to take control of the mining industry.

The same rationale behind the current rise in mining pools, which are collections of numerous individual miners pooling their resources to split mining profits and power.
Mining is a capital-intensive industry with significant operating and capital expenditures (OpEx) costs.

Who is Retail Investors and Traders?

Because Bitcoin is increasingly seen as a hedge against volatility in the global economy, ordinary investors and traders have taken the lead in the market in recent years.

Retail Bitcoin investors are people who buy or invest in the cryptocurrency with the intention of profiting from its long-term development potential.

Generally speaking, retail investors buy supply of bitcoin and hold onto it until its value increases rather than engaging in active trading.

Conversely, daily, weekly, or even monthly trades by Bitcoin retail traders aim to generate short-term profits by aggressively buying and selling the cryptocurrency. In conclusion, investors retain bitcoin for a longer period of time than traders do.

Who is Institutional Investors and Traders

Hedge funds that specialize in cryptocurrencies charge a management fee (the industry average is 20%) in exchange for managing and expanding investors’ holdings of Bitcoin. A lot of hedge funds make the claim to provide large returns, backed by in-house trading and management techniques.

Similar to this, quant traders have a proprietary systematic method to market trading; many of them work for hedge funds. While quant traders usually concentrate on short-term and/or high frequency market trades, hedge funds employ both short- and long-term investing and trading methods.

All things considered, the use of Bitcoin by institutions is growing; banks, family offices, asset managers, and other institutional investors have started advising their clients to allocate 5% of their capital to Bitcoin.

Crypto & Blockchain, Bitcoin

Bitcoin Holders and ownership distribution 2024

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Bitcoin Holders and ownership distribution 2024

Numerous variables have affected the ownership and distribution of Bitcoin, including lost coins and concentrated holdings among large-scale speculators, or “whales,” which have caused the currency to change hands numerous times.

Because Bitcoin is software that is operated by a decentralized network, its regulations are not controlled by a single entity. In order for network users to transact, they must agree upon certain regulations.

With an estimated 1.1 million bitcoins, Satoshi Nakamoto is the owner of the most. In addition to inventing the concept, Satoshi was also the first miner to produce transaction blocks.

From January 3rd, 2009, onward, Satoshi is thought to have mined over 22,000 blocks and earned over one million bitcoin in cumulative block rewards for his efforts.

Who has the most bitcoin?

The most bitcoin, estimated to be owned by Satoshi Nakamoto, is 1.1 million. Not only did Satoshi invent mining, but he was also the first to produce transaction blocks. Based on estimates, Satoshi mined over 22,000 blocks beginning on January 3rd, 2009, and was rewarded with over one million bitcoin in cumulative block rewards for his efforts.

Satoshi’s Bitcoin holdings

According to estimates, Satoshi possesses around 1.1 million bitcoins, which would be worth almost $78 billion in March 2024. This bitcoin is dispersed over about 22,000 addresses rather than being kept in a single address. With the exception of a few test transactions, none of it was ever used. After quitting the project in 2010, Satoshi hasn’t been in contact with anyone.

Bitcoin Holders [Infographic]

Types Of Bitcoin Hodlers

Humpbacks & Whales Bitcoin Holders

Whales, who can only handle between 1,000 and 5,000 bitcoins in a single wallet, have been overtaken in the cryptocurrency ecosystem by humpbacks, who can hold over 5,000 bitcoins in a single wallet.

These entities, which comprise wealthy individuals, early adopters of Bitcoin, and major institutions, have the power to greatly affect market pricing. Although this group has a propensity to hold onto their coins for extended periods of time, they have a significant impact on how prices are set and can create volatility.

Read also: What is cryptojacking, and how can one guard against it?

Dolphins & Sharks Bitcoin Holders

Dolphins are in charge of between 100 and 500 bitcoins, whereas sharks have between 500 and 1,000 bitcoins. Generally speaking, these are institutions that are not categorized as whales or humpbacks but are nevertheless thought to make up a very small percentage of the market. 20% of all Bitcoin is held jointly by sharks and dolphins.

Fish & Octopus Bitcoin Holders

Octopus accounts have between 10 and 50 bitcoins. A large chunk of the bitcoin supply is under the control of these investors. whereas Fish accounts have between 50 and 100 bitcoins. At the current May 2024 Bitcoin values, the entry-level price for an Octopus is approximately $630,000. 20% of Bitcoin is held jointly by fish and octopuses.

Read also: bitcoin and how does it works [Infographic]

Shrimp Bitcoin Holders

This portion of the market represents the majority of Bitcoin wallet addresses. The top 8.45% of addresses are still made up of those with between 1 and 0.1 BTC, and as a single address’s BTC value falls below 0.1, the percentage of addresses rises significantly. This shows that the majority of investors own addresses that contain less than 0.1 BTC.Crabs collectively possess 7% of all bitcoins.

Bitcoin Holders and ownership distribution [Infographic]

Companies Holding the Most Bitcoin

Businesses can purchase bitcoin using their treasury or corporate savings. Companies like Microstrategy, Tesla, and Galaxy Digital Holdings use this strategy because it helps shield their savings against negative-yield bonds and inflation.

Big businesses that are able to issue low-interest corporate bonds also have the option to take on cheap debt and utilize the money they borrow to buy bitcoin.

Read also: U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline for the first time

It is theoretically possible that less bitcoin will be needed to pay off fiat debt when the value of the dollar declines due to inflation and bitcoin maintains its worth. This tactic is comparable to using leverage or making purchases on margin.

Private Companies Holding the Most Bitcoin

Approximately 494,721 BTC, or 2.3% of the total supply, are owned by private companies. The largest private bitcoin holder that hasn’t yet been delivered to creditors is Mt. Gox, the exchange that was previously compromised. 0.7% of the total supply, or 141,686 bitcoins, are held by it.

China-based Block.one is the second-biggest private bitcoin owner. According to reports, Block.one possesses 164,000 bitcoins, or 0.7% of the whole supply.

About 10,889 bitcoins are owned by the American private company Stone Ridge Holdings Group.

The business that created the USDT stablecoin, Tether Holdings LTD, is estimated to hold around 75,354 BTC, which is worth $4.9 billion USD.

Read also: Binance has helped law enforcement authorities apprehend the perpetrator in the ZKasino scam.

Governments Holding the Most Bitcoin

Governments across the world own an estimated 567,316 BTC, representing 2.70% of the total supply. The Chinese government reportedly holds 190,000 BTC that was recovered from the Plustoken scam in 2019. Members of the Ukrainian government privately hold roughly 46,351 BTC. El Salvador’s holdings are currently at 5,702 BTC.

Indirect Bitcoin Exposure

Indirect bitcoin exposure is one investment method for investors seeking to gain exposure to the bitcoin price without directly purchasing bitcoin. Some investors also believe they can reduce risk by investing in an extensive portfolio with many bitcoin-related assets. A bitcoin exchange-traded fund (ETF) may contain equities and other bitcoin-related assets that result in a more diversified portfolio. Bitcoin ETFs track the price of bitcoin, albeit imperfectly. Some proposed ETFs are also based on bitcoin futures and other derivative products.

ETFs and other funds own a combined 982,523 BTC, 4.67% of the total bitcoin supply. The largest holder in this category is Grayscale Bitcoin Trust (GBTC), which owns 291,239 BTC, or nearly 1.38% of the total supply.

BlackRock’s iShares Bitcoin Trust has approximately 273,824 BTC under management. In total, ETFs and public and private companies own almost 982,523 BTC, or more than 4.67% of the total supply.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

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Bitcoin Billionaires

Not including Satoshi, three bitcoin addresses contain more than 100,000 bitcoin each. The three addresses with the most bitcoin belong to Binance, Bitfinex, and another address, whose identity is unknown.

These three addresses collectively own more than 564,902 bitcoin. The exchange addresses represent the holdings of many individual investors who are not holding their own keys.

Crypto & Blockchain

Paolo Ardoino, CEO of Tether, addressed analysts at Deutsche Bank.

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Paolo Ardoino, CEO of Tether, addressed analysts at Deutsche Bank.

On his X account, Ardoino referenced the most recent remarks made by analysts at Deutsche Bank, who stated that the bank had no space for discussion.

Paolo Ardoino- CEO of Tether

The CEO of Tether questioned Deutsche Bank’s capacity to criticize other players in the market, pointing out the bank’s history of fines and sanctions. Ardoino recalled that Deutsche Bank was also designated as the world’s riskiest bank by the International Monetary Fund.

“Deutsche Bank’s history of fines and penalties raises doubts about its own standing to critique others in the industry.”

Paolo Ardoino, Tether CEO

Users pointed out that since 2000, Deutsche Bank has spent more than $20 billion to settle 99 infractions. Consequently, the bank ought not to be critical of other businesses for their risks, product designs, or regulatory compliance.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

A stablecoin market analysis was conducted by the Deutsche Bank expert group, whose findings were previously released. The shortcomings of the asset class were identified by analysts, who also cited Tether’s lack of openness in issuing the USDT stablecoin.

Read also: What is cryptojacking, and how can one guard against it?

Analysts at Deutsch Bank also noted that, in light of Tether’s monopoly in the stablecoin space, the fallout from a USDT collapse would be more severe.

Stablecoins currently have a total market valuation of more than $160 billion, according to DefiLlama. With a dominance of over 69% in this sector, USDT is without a doubt at the top.

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The goal of Stand With Crypto is to raise money for politicians who favor cryptocurrencies.

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The goal of Stand With Crypto is to raise money for politicians who favor cryptocurrencies.

With more than 440,000 members, the group recently revealed that it has endorsed candidates from all parties for the Senate and the House of Representatives, demonstrating its coordinated efforts to promote the blockchain and cryptocurrency sectors.

The political action committee (PAC)

The political action committee (PAC) is part of a larger push by crypto super PACs like Fairshake, Defend American Jobs, and Protect Progress, which together have raised over $110 million in this election season, according to data from the Federal Election Commission.

In the face of increased scrutiny following the conviction of FTX founder Sam Bankman-Fried for consumer fraud and misappropriation of over $100 million for US political campaigns, the PACs seek to support candidates that embrace cryptocurrency.

Read also: What is cryptojacking, and how can one guard against it?

Stand With Crypto

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

Fairshake, Defend American Jobs, and Protect Progress

The political action committee (PAC) is part of a larger push by crypto super PACs like Fairshake, Defend American Jobs, and Protect Progress, which together have raised over $110 million in this election season, according to data from the Federal Election Commission.

In the face of increased scrutiny following the conviction of FTX founder Sam Bankman-Fried for consumer fraud and misappropriation of over $100 million for US political campaigns, the PACs seek to support candidates that embrace cryptocurrency.

Read also: bitcoin and how does it works [Infographic]

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The goal of Stand With Crypto is to raise money for politicians who favor cryptocurrencies. [Infographic]

The goal of Stand With Crypto is to raise money for politicians who favor cryptocurrencies.
The goal of Stand With Crypto is to raise money for politicians who favor cryptocurrencies.
Crypto & Blockchain

Rug.fun developed a game on Base network that captured attention of investors

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Rug.fun developed a game on Base network that captured attention of investors

To obtain the highest or lowest liquidity, players must generate or invest in meme coins in this two-phase game. The coins that fall between are totally rugged when the countdown reaches zero.

For the first twelve hours of the game, players can make or purchase an unlimited number of coins. All other investments will be reimbursed; only the top 10 coins, though, will move on to the next stage.

Read also: What is cryptojacking, and how can one guard against it?

Players have an additional 12 hours in the ensuing “race” phase to make sure their coins either reach the top of the charts or have the lowest possible liquidity. To do this, players can exchange or purchase coins, adding to the prize pool through a “rug pool” fee.

game on Base network

The tokens in first and last place are deemed the winners at the end of the 24-hour countdown, and they are eligible to receive the full prize pool, which includes the total rug pool tax. Hard tokens, losing all liquidity to the winners, are those that do not fit into extreme positions.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

AIRDROP

The Context team developed AIRDROP, the game’s initial coin, which is based on Base, Coinbase’s Ethereum layer 2 network. Token creation and swapping are now possible on Rug.fun thanks to the team’s allowlisted addresses, which were previously used by other coins and NFT projects like BALD.

The game is currently in the racing phase, with RUGDOTFUN close behind in ninth place by $300,000 and AIRDROP ahead by a significant margin. Right now, there is a $260,000 prize pool that will be split between the tokens that place first and last.

The new game comes out in a more relaxed cryptocurrency market where token value is driven by developers and enthusiasts using ever-more-audacious tactics.

Read also: bitcoin and how does it works [Infographic]

Read also: Binance has helped law enforcement authorities apprehend the perpetrator in the ZKasino scam.

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Tecpetrol plan to establish gas-powered crypto mining facility 2024

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Tecpetrol plan to establish gas-powered crypto mining facility 2024

The Argentine oil company Tecpetrol has revealed plans to open a natural gas-powered cryptocurrency mining operation.

The project will be located in Argentina’s Patagonia in the Los Toldos II Este region, to the north of Vaca Muerta. The mine is scheduled to open for business in late October or early November.

gas-powered crypto

Tecpetrol has started a project to turn waste gas from oil drilling into electricity for the mining of bitcoin. By decreasing gas emissions and flaring—which burns off gas that is difficult to store or transport—the environmental effect is intended to be as low as possible.

natural gas-powered cryptocurrency mining

Our energy is what powers Tecpetrol. It’s the vitality, enthusiasm and drive with which each person carries out their work every day. It’s the dynamic attitude, combined with intelligence and seriousness, that has always been present in the way we tackle challenges and pursue opportunities.

Our leadership has allowed us to pioneer complex energy projects that make a significant contribution to growth and development in the countries where we are present. This is why we’re passionate about bringing our energy into play.

Argentine oil company Tecpetrol

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Zilliqa network: complete restoration of network functionality

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Zilliqa network: complete restoration of network functionality

Following issues with block generation, Zilliqa engineers announced the full restoration of network functionality.

Zilliqa’s gullible token, ZIL, reacted by plummeting as soon as word spread that the network was back online. Data from CoinMarketCap indicates that the coin lost 1.8% of its value in the previous day.

Simultaneously, token trading has surged by 7%, amounting to over $15 million in the past day, suggesting that traders may start liquidating holdings in the wake of the technical problems.

Zilliqa network

The network slowed down block generation and transaction processing stopped within an hour. This allowed the protocol to clear the memory pool and resume normal operation after 30 minutes. The developers said they were investigating the cause of the incident and acknowledged the following day that network issues persisted.

Technical experts have created an internal testnet to test fixes for possible bugs that have been identified. Zilliqa has released the necessary software updates and announced blockchain restoration in addition to the planned animation update v9.3.4.

Read also: What is cryptojacking, and how can one guard against it?

However, on the evening of May 9th, the developers admitted that they were unable to completely eliminate the main cause of the network shutdown. However, the company assured that funds are safe and users can check their balances via blockchain explorer.

Zilliqa network

Blockchain carbon offset platform

Zilliqa and GMEX collaborate to introduce a blockchain-based carbon offset platform.

The GMEX Group and layer-1 blockchain Zilliqa have introduced ZERO13, a carbon offset platform that enables users to participate in corporate environmental projects and take action against climate change.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

ZERO13

The GMEX Group and layer-1 blockchain Zilliqa have introduced ZERO13, a carbon offset platform that enables users to participate in corporate environmental projects and take action against climate change.

Utilizing Zilliqa, ZERO13 will create tokens that stand in for carbon credits.

Clients who purchase products or services from Zilliqa’s partners will receive tokens that can be used to offset their carbon footprint and support environmental projects. The GMEX Group will carefully choose and monitor these projects to make sure they have a beneficial environmental impact.

Read also: bitcoin and how does it works [Infographic]

ZERO13 uses blockchain

ZERO13 uses blockchain to provide customers with a transparent, secure, and real-time platform to monitor and offset their carbon emissions. The platform will also create a new market for carbon credits, allowing customers to trade and donate carbon credits to their preferred environmental causes.

This circular economy inspires customers to reduce their impact on the environment and encourages companies to adopt more sustainable practices. The supply chain management industry can benefit from blockchain technology, which helps improve the environment.

Blockchain can help combat deforestation, illegal fishing, and unethical labor practices by recording and tracking every step of product manufacturing in the supply chain.

Read also: Binance has helped law enforcement authorities apprehend the perpetrator in the ZKasino scam.

What is ZIL?

ZIL is a native token for the Zilliqa blockchain built to enable and scale decentralised apps, from financial services to NFT marketplaces.

With ZIL, you can engage with every dApp and platform service built on the Zilliqa blockchain. You can also use ZIL to pay for products and services, buy and sell NFTs, and more.

Many decentralised apps built on Zilliqa have launched their native tokens. You can learn more about their market data on ZilStream.

The creator economy is paving the way for individual ownership and the monetization of digital assets. You can create, buy and sell NFTs with Zilliqa.

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DxSale launches an affiliate network that gives users and project creators more leverage.

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DxSale launches an affiliate network that gives users and project creators more leverage.

advancement of cryptocurrencies

With the rapid advancement of cryptocurrencies and blockchain technology, DxSale unveils its affiliate program, which completely transforms the way that money is raised and people interact with the community.

Affiliate Earnings program from DxSale

The Affiliate Earnings program from DxSale makes it easier to get paid for successful fundraising campaigns. Affiliates can receive rewards instantly transferred into their wallets by promoting both private and public sales. This encourages affiliates to support high-quality projects and cultivates a community-focused fundraising strategy.

dx.app

Making money with DxSale’s program is simple: Go to dx.app after logging into DxSale’s website, then select ‘View Sales.’ Look through ongoing campaigns and select initiatives that fit your interests. Create your affiliate link and distribute it through email, messaging applications, and social media. Receive payments for contributions made via your link and earn commissions.

Read also: What is cryptojacking, and how can one guard against it?

We at DxSale are pleased to provide an affiliate program that genuinely gives our users and project creators more power. The purpose of our affiliate program is to compensate affiliates for directing contributions to fundraising campaigns.

Co-Founder of DxSale

As stated by Hash, Co-Founder of DxSale, “Our Affiliate Program is reshaping the way projects raise funds and engage with their communities with instant earnings deposited directly into wallets, unlimited earning potential, and a user-friendly interface.”

The Affiliate Earnings Program from DxSale is a noteworthy development in cryptocurrency fundraising. Through enabling affiliates to market projects and get compensation, DxSale cultivates an ecosystem driven by the community that is advantageous to all involved.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

Regardless of your level of experience, DxSale’s program presents a special chance for you to generate passive income, back ground-breaking projects, and foster the development of the blockchain community.

DxSale is an innovative platform that revolutionizes project funding by utilizing affiliate marketing and blockchain technology. With its user-friendly UI, extensive affiliate earnings program, and dedication to community involvement, DxSale is a top option for affiliates and project founders alike.

Read also: U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline for the first time

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The Notcoin cryptocurrency will launch on May 16 after several delays.

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The Notcoin cryptocurrency will launch on May 16 after several delays.

Notcoin cryptocurrency

Millions of people were intrigued by the Telegram-based game Notcoin, but Notcoin was put on hold in April for the much-awaited token launch. However, the game is currently scheduled to launch on May 16th.

The NOT token will be listed on OKX and Bybit after it is created on the Open Network (TON). In conjunction with the token, OKX intends to launch a “jumpstart” campaign that will provide users who stake Toncoin (TON) with a portion of Notcoin tokens.

Read also: Binance has helped law enforcement authorities apprehend the perpetrator in the ZKasino scam.

1.28 billion NOT tokens, or 1.25% of the total NOT token supply, will be made available to OKX customers as part of the campaign starting on May 13. As of now, Bybit has not disclosed any such incentive schemes.

Read also: bitcoin and how does it works [Infographic]

Notcoin players

The claims process for Notcoin players who earn money outside of games remains unclear. Notcoin co-creator Sasha Plotvinov recently explained that players can transfer NOT tokens to centralized exchanges or withdraw them to self-custody wallets.

Notcoin became a viral sensation earlier this year, attracting 35 million players who earn in-game coins by tapping images of tokens. The game ended its mining phase on April 1st. The team originally planned to launch the token on April 20, coinciding with Bitcoin’s halving.

Read also: What is cryptojacking, and how can one guard against it?

However, the launch was delayed twice as the team worked to ensure a smooth rollout. Plotvinov emphasized that the launch of NOT tokens is just the beginning, as Notcoin aims to continue developing new social games and experiences with ongoing NOT token rewards.

NOT announcing on Binance Launchpool

NOT is the 54th project on Binance Launchpool, according to Binance. Before trading commences with a variety of pairs on May 16, users can farm NOT tokens by staking BNB and FDUSD into separate pools between May 13 and May 15.

The initiative uses a tap-to-earn mechanism to onboard users. Price swings could result from ongoing airdrops, and staking requires KYC.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

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Vitalik Buterin desires to expand Ethereum’s capabilities.

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Vitalik Buterin desires to expand Ethereum’s capabilities.

Ethereum’s capabilities.

Buterin suggested employing multidimensional gas pricing to do away with the constraints of the current commission system.

The network employs a peer-to-peer paradigm wherein a single metric, gas, is used to measure every aspect of computation, including data transit, storage, and encryption procedures.

This method treats resources that are not interconvertible as though they are. Buterin pointed out that while the system streamlines commission calculations and market transactions, it also integrates essentially disparate resource types.

Read also: What is cryptojacking, and how can one guard against it?

Buterin claims that mixing results in the wasteful use of computational resources and may cause safe blocks to be rejected or, on the other hand, harmful blocks to be included in the blockchain.

Read also: Emart24 stores in South Korea will provide Bitcoin meal boxes.

According to the co-creator of Ethereum, changing to a multidimensional gas model might more accurately capture the real constraints and capabilities of the network, possibly leading to an increase in capacity without increasing the fungibility of resources.

Buterin has discussed multidimensional gas before, pointing out that the EIP-4844 update incorporates it. The Dencun upgrade introduced BLOBs, a new class of transactions for massive binary data arrays that drastically decreased the cost of layer 2 solutions, particularly rollup-based ones. On March 13, the Dencun hard fork was successfully deployed on the mainnet.

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