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  • Kalshi wins in court to allow legal betting on US elections

    Kalshi wins in court to allow legal betting on US elections

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    Kalshi’s win opens the door for platforms such as Web3-based Polymarket, to enter legally into the market of election predictions. Election betting markets are gaining popularity despite concerns over ethics and possible manipulation. Supporters argue that they provide a more accurate gauge of public opinion than traditional polls. Polymarket has also gained traction by offering a bet pool to determine the identity of Satoshi Nakamoto, Bitcoin’s original creator. Global crypto adoption is on the rise and nearing 8 percent.

    Kalshi Wins Court Battle

    After a significant legal win, the derivatives exchange Kalshi has listed contracts that allow users to bet on US elections. Tarek Mnsour, the platform’s creator, posted on X on October 7 that traders can legally bet on election results, such as US presidential elections, state winnings, and margins of victory.

    It is the first election predictions market in US history to be legal. This opens the door for new platforms to enter the market, such as Web3’s Polymarket.

    The Commodity Futures Trading Commission reports that Kalshi self-certified over a dozen betting contracts on elections, and the regulator has approved them. The contracts, which are binary options, include wagers on political outcomes such as whether or not a specific candidate will become a nominee for a certain party, or whether that party will gain a Senate seat during a given year.

    After Kalshi’s battle with the CFTC which had previously prohibited the platform to list political event contracts, the approval came after Kalshi’s legal fight. The CFTC had appealed this court decision, and wanted Kalshi to be unable to list these contracts. However, on October 2, the court ruled that Kalshi could indeed list the political event contracts.

    Kalshi is still behind Polymarket despite this victory. Polymarket has become the leader in election betting. Polymarket had seen over $1 billion worth of bets placed on the US Presidential election in November, whereas Kalshi’s contracts saw a total volume of $775,000.

    Presidential election odds volume (Source: Polymarket)

    Some industry analysts claim that while the CFTC has concerns about the election prediction markets, they capture the public’s sentiment better than polls.

    The Ethics of Election Betting Markets is a Growing Topic

    The CFTC has proposed to ban election derivatives in May 2024. Some industry experts claim that, despite initial fears about manipulations, prediction markets are a more accurate measure of public sentiment.

    Harry Crane, a Rutgers University professor, defended the markets recently by saying that they collect diverse data for a more accurate forecasting process than polls which measure only sentiment. He clarified, too, that the markets encourage participants to make predictions about who would win while polls are only a gauge of preference.

    The victory of Kalshi in court has reignited debates on the future of prediction market in the US. However, offshore platforms such as Polymarket are already gaining a great deal of momentum. Polymarket may block US users but its election data is quite important and appears even on Bloomberg Terminal. CFTC chair Rostin Behram has however warned Polymarket that it could face enforcement action if its US footprint increases.


    New accounts added to Polymarket every month (Source:Dune )

    Cantrell dumas, from Better Markets is among those who are worried that betting markets of this size could be used to commercialize elections, and erode public confidence in democracy. The critics also claim that strict supervision is needed to prevent fears of manipulation of elections, particularly in the current climate of public distrust after allegations of fraud during 2020’s election.

    Even with these worries, some people still believe prediction markets are beneficial to the public because they provide a more accurate and objective forecast for election results. The ethical implications of gambling on sensitive issues, such as elections and conflicts, are still in dispute.

    Ethereum’s co-founder Vitalik Buterin addressed these concerns recently, and said that gambling becomes a problem when it encourages insider gains for harmful activities.

    Polymarket Bets Satoshi Nakamoto’s Identity

    These betting sites offer more than just elections. Polymarket listed Len Sassaman as an American computer science as the frontrunner to reveal Satoshi as Bitcoin’s founder in an HBO documentary. Cullen Hoback, a filmmaker, directed the documentary Money Electric: Bitcoin Mystery. The documentary is scheduled to air in October.

    While neither Hoback or HBO has confirmed the identity of Nakamoto, social media teasers suggest that there may be an important revelation.


    Satoshi, the man HBO will identify in its documentary (Source:Polymarket )

    Since the HBO documentary’s announcement, a Polymarket trading pool asking, “Who will HBO document identify as Satoshi?” attracted an impressive amount of interest. As of October 4, it had already attracted $389,738 in total. Top suspects include Hal Finney Adam Back Craig Wright and Nick Szabo. On Oct. 7, Len Sassaman was the top-ranked candidate.

    Sassaman died in 2011, at age 31, after a long battle with cancer. He was well-known for his contributions to the privacy-enhancing technology and Cypherpunk movements. Although there’s no evidence directly linking him to Bitcoin, in a post on Medium from 2023 it was speculated that he could be Nakamoto because of his experience with open-source advocacy.

    The rules of the Polymarket Pool state that if Sassaman’s role is credited as being the main developer of Bitcoin in the film, then the market is likely to resolve “Yes”. If another person or group are identified or Sassaman has a joint responsibility, the pool will be resolved to “No.”

    Crypto Adoption Globally Nears 8%

    Crypto adoption is also gaining momentum, just as prediction markets have. According to MatrixPort, global crypto adoption has reached a significant milestone. Currently, 7.51% (or a quarter of) the population uses digital currencies. This report predicts this number could exceed 8% by the year 2025. It also suggests that cryptocurrency could soon move from being a niche to becoming a part of financial mainstream systems.

    This growth is driven by institutional involvement. BlackRock, for example, has helped to build trust in the digital asset market. This is helping boost adoption. Markus Thielen of 10x Research explained that Bitcoin historically has driven the market whenever new products like Bitcoin Spot ETFs were introduced. The evolution of Bitcoin has been a key factor in the increase in institutional interest.

    Bitcoin’s importance on the cryptocurrency market is also credited to its role as an economic store of value in times of uncertainty. Thielen noted that economic crises, such as the European Debt Crisis or increasing US debt, increased demand for Bitcoin. This positioned it to be a hedge in case of potential trade wars or recessions.

    The report, despite its optimistic predictions, also highlighted several obstacles to a wider adoption of crypto. The risks are still serious. Regulatory obstacles, volatility in the market, and concerns about security, such as hacks and scams. Markets could be destabilized by institutional investors through massive sell-offs in times of macroeconomic changes.

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  • Mynaswap: Revolutionizing Decentralized Trading Platforms

    Mynaswap: Revolutionizing Decentralized Trading Platforms

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    You Can Find It In This Article

    MynaSwap has changed the way that collectors interact with physical objects. The platform allows users to trade collectibles such as sports cards by minting digital versions of them. The real-time trades are possible, but the fees charged by traditional markets are lower.

    MynaSwap, founded by collectors themselves, prioritizes the user experience. It aims to provide a secure environment where collectibles can be traded. It is a great option for novices and experts alike, as it focuses on speed and authentication.

    Mynaswap Overview

    Mynaswap, an innovative trading platform for physical collectibles. The platform offers real-time trading and features to enhance collectors’ experience.

    The Key Features

    Mynaswap is unique in several ways:

    • Real Time Trading Users are able to trade collectibles immediately, keeping up with the market demand.

    • Multiple Currency Options The platform allows users to choose between digital currencies and fiat currency.

    • Secured Storage : Mynaswap provides custodial and secure storage solutions for physical objects.

    • Easy-to-Use Interface The platform has been designed for both beginners and more experienced collectors.

    • Asset Redeem Users are able to redeem digital items into tangible forms. This bridges the gap between collectibles digital and physical products.

    Mynaswap is a complete tool for collectors.

    Mynaswap and the Ecosystem

    Mynaswap is a key player in the collectibles trade ecosystem, as it links collectors, curators and consumers.

    Users can trade collectibles in digital form, increasing their value. The platform supports a variety of collectibles, such as sports cards and sneakers.

    Mynaswap is competing with other platforms such as Collectable, but it still has a distinct advantage by focusing only on real-time payments.

    Setting Up a Mynaswap Account

    Mynaswap’s account creation is an easy process, which ensures both security and ease of access. The user will have to set up an effective authentication measure and follow certain steps in order to create their account.

    Account Creation Process

    Users must first visit Mynaswap’s website or mobile app. They will be able to open a new Mynaswap account.

    1. Sign Up Form : The user must enter their email, username and password.

    2. Requirements for Passwords It is important to select a password with uppercase, lowercase, numbers and special characters. It increases security.

    3. Verification of Email After entering the required information, you will be sent an email asking for your address. To activate your account, you must click the link provided in the confirmation email.

    4. Setup Profile Once your account has been verified, you can login and finish creating your profile. You may add additional details if needed.

    The account will be ready to use once the process is complete.



    Myna Sign-Up from

    Authentication measures

    Mynaswap is committed to account security. Authentication measures must be enabled after account creation.

    1. Two Factor Authentication (TFA) : The users are encouraged to enable 2FA. It requires an additional verification, which is usually done through a mobile application.

    2. Update passwords It is important to update your passwords regularly. This helps protect your personal data from unauthorised access.

    3. Mynaswap sends notifications to users when there are unusual activities on their account. Users are encouraged to be vigilant and alert any suspicious activity.

    This authentication provides an additional layer of security. These guidelines will help users to trade collectibles safely on Mynaswap.

    MynaSwap Security

    MynaSwap has several features that ensure the safety of your account and adheres to strict security protocol to protect transactions.

    How to Protect Your Account

    MynaSwap urges its users to be proactive in securing their accounts. It all starts by creating a password that’s difficult to guess. The passwords must include uppercase, lowercase, special characters, numbers and a mixture of these.

    The users are encouraged to activate two-factor verification (2FA). It adds an additional layer of protection by requiring an extra form of verification such as a code from an authentication app or a text. MynaSwap also recommends regularly updating your passwords, and not using the same password on multiple websites.

    Security protocols

    MynaSwap uses advanced security protocols in order to safeguard user assets and data. Secure login procedures with encrypted connections are used for each account. Personal and financial data remains private.

    In addition, MynaSwap ensures that all physical items sent for authentication are stored in a high-security, temperature-controlled vault. Collectibles are protected from damage or theft. This platform uses cutting-edge technology for counterfeit detection to verify items.

    Mynaswap Interface

    Mynaswap has a friendly interface designed to help collectors trade items efficiently.

    Navigation of the Dashboard

    Dashboard is the hub of Mynaswap. The dashboard is intuitive and allows users to easily access the different features.

    The Key Features

    • User profile: Shows information about the account and transactions.

    • Market: Displays collectibles that are available for trading.

    • Notifications : Informs the user about new updates, trades and other information.

    The user can filter the collectibles based on their category. For example, they could choose to only see sneakers or cards of sports. It makes it easier to find the items they want, and therefore more efficient. It is easy to navigate, even for newbies.

    Trade Execution

    Mynaswap’s trade execution is designed to be fast and simple. With just a couple of clicks, users can exchange their items in physical form for tokens.

    1. Selecting items: The user selects the items he/she wants to exchange from his/her collection.

    2. The Minting Process is the process of converting physical products into digital assets.

    3. Trade confirmation: The transaction will be confirmed immediately if both parties have agreed.

    The process allows for collectors to transact in real-time without having the actual physical items. This process increases security and efficiency while making trading easier. Mynaswap is a global leader in collecting due to the integration of features that allow for real-time trades.

    Mynaswap Trading

    MynaSwap is a trading platform that allows you to trade physical collectibles efficiently and in an efficient manner. The platform allows users to transact in real time, making it seamless for all collectors.

    Available Collectables

    MynaSwap lets users trade collectibles. Platform supports both fiat and digital currencies. The platform offers flexibility to users, allowing them to choose the trading methods they prefer.

    Common collectibles include:

    • Collectibles Shoes

    • Watches for Luxury Lifestyle

    • Sports Memorabilia

    The users can convert their assets easily into digital tokens. The process preserves collectibles’ value and allows for quick, efficient trading.

    Charts and Tools for Trading

    MynaSwap provides a number of tools that enhance trading. Real-time analytics and data allows users to make better decisions based on real-time information.

    Platform includes:

    • Charts of the Market: Visualize trends and trading volumes.

    • Alerts : Configure notifications to be notified of price changes and new listings.

    This feature helps collectors keep track of the value of their items. These tools allow users to analyze trends and optimise their trading strategies. MynaSwap simplifies trading to make it easier for collectors and dealers to interact with the market.

    Collections of NFTs

    People collect items, usually for their aesthetic or rarity value. Non-fungible Tokens (NFTs) are digital assets that can be linked to specific items and used for trade. Mynaswap, for example, integrates these concepts and provides new ways to collectors manage both their digital and physical items.

    Understanding Collectibles

    The term collectibles is used to describe a variety of objects, including trading cards, coinage, stamps and other memorabilia. The value of collectibles is often determined by their rarity and condition. Collectors also place a high demand on them. It can be hard to sell or trade physical collectibles because of their specific markets and handling.

    This process is streamlined by digital collectibles enhanced with NFTs. These NFTs facilitate transactions, storage and ownership verification. The NFTs are unique, and each is stored in a blockchain. This ensures that the collectors can have digital proofs of authenticity. The NFT addresses challenges that traditional collectibles markets face, such as fraud and ownership disputes.

    Mynaswap integrates NFTs

    Mynaswap focuses on combining physical collectibles and the digital world via NFTs. Users can create NFTs using their own physical items. The platform allows users to create NFTs from their physical items.

    Mynaswap allows for real-time trade, which expands the options available to collectors all over the world. Transparency and security are ensured as all transactions are stored on blockchain. Mynaswap integrates NFTs to bring innovation to collectibles. This allows enthusiasts to better manage their collection by combining the physical and digital worlds.

    Understanding Fees

    MynaSwap has a fee structure which is transparent and easy to understand. Users who want to maximize their trading experience must understand these fees.

    Charge Structure

    MynaSwap offers low transaction fees to appeal to new users as well as experienced ones. Platform charges low fees for transactions. This makes it an affordable option to trade collectibles.

    This is a brief overview of the typical charges:

    • Transaction Fee: Around 0.1% to 0.3% for each trade. MynaSwap does not charge sellers any fees to process payments.

    • Withdrawal fee : varies depending on currency and is generally fixed for each transaction.

    This fee structure contributes to an improved trading environment. The cost of trading digital currencies and fiat currency in real time is lower.

    Customer Service

    MynaSwap puts customer service first by providing a variety of resources, and has a team dedicated to helping users. Platform ensures collectors are able to find assistance quickly when they need it.

    Help Center Resources

    MynaSwap has a comprehensive Help Center with many useful resources. The Help Center provides articles that address common problems, platform features, and trading procedures.

    • FAQs This section addresses frequently asked questions on topics such as account set-up and transaction security.

    • guides: These step-by-step instructions help users navigate the platform. They include information on trading collectibles, and how to use wallet functions.

    • Troubleshooting: The user can search for solutions to problems. They can resolve problems without contacting support.

    The resources provide a good foundation for those users who are looking for answers immediately.

    Contacting the Support Team

    MynaSwap provides multiple contact options for users who need additional assistance.

    • Support by Email Users may send an email describing their concern. Support usually responds to emails within 24 hours.

    • Live Chat for quick questions, the live chat feature is accessible directly from the platform. Users can connect with agents for support in real time.

    • Social media MynaSwap engages users via social media, offering another way to support them.

    The options available ensure users get timely, effective assistance with their queries.

    Legal and Compliance

    MynaSwap has to navigate a variety of legal and regulatory requirements in order to run its trading platform efficiently. It is important to understand these requirements in order to maintain compliance and ensure smooth operations.

    Understanding the Regulatory Requirements

    MynaSwap is a company that operates within a regulatory environment. Compliance with anti-money laundering regulations and securities laws is the main concern.

    The following are the key requirements:

    • Registration of Securities If MynaSwap trading tokens qualify as securities, they must be registered with the relevant regulatory authorities.

    • Anti-Money Laundering Policies The platform should have policies in place to prevent and detect money laundering.

    • Verification of User: The application must conduct Know Your Customer processes (KYC), to confirm the users’ identity.

    MynaSwap needs to monitor the regulatory environment constantly in order to stay compliant.

    Ensure compliance

    MynaSwap’s compliance is ensured by implementing strong internal controls.

    The following are critical steps:

    • Conducting regular internal audits helps to identify gaps in compliance.

    • Legal Advice Consult with an attorney to keep up-to-date on the latest laws.

    • Training programs: All employees should be trained on policies and procedures relating to compliance.

    MynaSwap should also be working closely with regulators in order to identify any suspicious activity. MynaSwap’s compliance can help build trust between users and regulators.

    FAQs

    How can I pay for my sneakers on this platform?

    MynaSwap supports a variety of payment options, such as credit cards, debit card, and some cryptocurrencies. When making trades, users can select the payment method that suits them best.

    What is the best way to verify that the sneakers are authentic?

    MynaSwap uses a sneaker verification process. Expert inspections are conducted and documentation is provided to verify that the item is in compliance with industry standards.

    Which sneakers are most in demand?

    MynaSwap’s most popular sneakers often feature limited editions or collaborations with major brands. The most popular models vary depending on the season and demand. However, staple brands are always in high demand.

    What is the current ownership or founder of MynaSwap?

    MynaSwap was founded by Sukh Sing, Berekret Abraham, and Adeel Shams.

    What is the integration of cryptocurrency with platform buying and selling?

    MynaSwap accepts cryptocurrency as a form of payment. Users can buy or sell sneakers with digital currencies.

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  • What is DeFi Flash Loan? Beginners Guide

    What is DeFi Flash Loan? Beginners Guide

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    You Can Find It In This Article

    Flash loans are the new big thing in DeFi. Flash loans allow you to borrow money instantly without any collateral, as long as it is returned within the same transaction. The crypto community is buzzing about this smart contract-powered concept, which could lead to huge arbitrage profits.

    People are discussing flash loans on crypto Twitter, where they discuss the risks and opportunities. Vitalik Buterin has talked about how DeFi protocols can help democratize the finance industry. Tweets and blog posts by industry experts show that they see flash loans in a positive light, as a way to create a financial system with more accessibility and openness.

    Flash loans may seem complicated for newbies, but they’re a way to access advanced financial strategies previously unavailable. Understanding flash loans will be important to both old and new crypto traders as DeFi becomes more popular. Flash loans can be used for other strategies such as debt consolidation or profit-making.

    DeFi

    Decentralized Finance is a way to look at the financial system. The system uses cryptography and blockchain to deliver financial services in the absence of banks. It gives the user more control of their assets.

    The DeFi platform allows lending, borrowing, and trading. The flash loan is a key element in this area. With a Flash Loan, assets can be borrowed without any collateral provided the loan is paid back in one transaction. The new way to earn money for traders has been met with security concerns due to the possibility of abuse.

    Vitalik Buterin is the co-founder and CEO of Ethereum. He often speaks about DeFi’s potential to revolutionize finance. It can make services previously available only to a select few more accessible. DeFi, according to industry experts tweeting on crypto Twitter, is growing quickly and poses similar risks as the early internet days.

    Uniswap, Aave and DeFi are leading players in DeFi. You can swap tokens or access instant loans. They are praised both for their potential and for the risks they may pose.

    Experts in the industry, including CoinDesk’s analysts, warn users to be cautious when using DeFi. DeFi’s role within the financial system is only going to grow as it grows.

    You can also read about the OG Cryptopunks

    What are Flash Loans?

    DeFi offers flash loans, which are financial instruments that allow you to borrow money without collateral. Smart contracts and the speed at which a transaction is executed are what make up DeFi’s mechanics.

    Smart Contract

    Smart contracts are rules that execute themselves and can be written as code. Flash loans heavily rely on these smart contracts. The automated agreements make sure that all loan terms are met in the same block of transactions. The transaction will be reversed if the conditions aren’t met, protecting the lender.

    Vitalik Buterin is the founder of Ethereum. He said that smart contracts are the future. By removing the intermediary and establishing trust, they simplify everything. Smart contracts, which execute compliant operations automatically as flash loans increase in popularity, will become more significant.

    Aave processes transactions using smart contracts, so that loans can be repaid immediately without the need for human intervention.

    No Collateral Loan

    Flash loans do not require collateral, so borrowers aren’t required to provide assets. It is not the same as a traditional loan. The borrowed money must then be used in the same transaction and returned.

    Crypto Twitter experts describe this as revolutionary. This is a great way to arbitrage and trade quickly without needing any upfront capital. Flash loans can be a great option for traders who are able to ride out the market’s waves.

    This is what financial people are like. This democratizes the access to financial instruments so that users with small portfolios are able to make complex trades which previously required large capital.

    The speed of execution

    Flash loans are characterized by their rapidity. The transactions are done within one blockchain block. This is unprecedented in the traditional financial world. Fast strategy execution is possible, but it often involves automated trading or bots.

    Andre Cronje spoke about how speed is important for arbitrage, and for executing strategies that are profitable. The potential of Today’s viral level= blanchedAlmond is enormous, as the blockchain verifies the transactions immediately.

    Flash loans are the new key for financial strategy, according to news outlets. These loans enable more applications for arbitrage, liquidity and DeFi.

    Click here to read about PEPU, the Meme Coin that revolutionizes Blockchain technology with layer-2 technology

    Use Cases for Flash Loans


    Flash loans are a financial tool that is unique to DeFi. As long as the loan is repaid in one transaction, you can use assets as collateral. The loans can be used for many purposes, including debt refinancing, arbitrage and collateral swapping.

    Arbitrage

    Flash loans are often used for arbitrage. The traders borrow cryptocurrency and buy it on one exchange before selling it at another, where Where To Buy is more expensive. It is possible, because exchanges can have different prices. Traders can benefit from this.

    Flash loans allow you to do so without having to have a large amount of capital. Profits can be enormous if done in one transaction. Flash loan arbitrage has become more accessible with the advent of automated trading platforms.

    Alex Kruger, a cryptocurrency analyst on Twitter, talks about the use of flash loans in arbitrage. He claims that it equalizes the playing field, so everyone can have access to opportunities which previously required large capital.

    Collateral Swapping

    Users can also swap assets that are collateralized with flash loans. DeFi allows users to swap the collateralized asset for another that offers a higher yield or lower risks. Flash loans let you pay back the loan and retrieve collateral. Then, swap the asset with another.

    Vitalik Buterin stated that these operations could optimize portfolios of users without adding additional capital. He argues that the use of flash loans in asset management is beneficial in DeFi. These loans allow users to adjust their investments according to changes in the market.

    Debt Refinancing

    Another strategy used by DeFi users is debt refinancing using flash loans. A user can borrow a loan in order to repay a DeFi debt and then open a brand new account with better conditions. They can then take advantage of a lower rate of interest or better terms.

    Meltem Demirors, a market strategist and social media expert, talks on her blog about how flash loans can help reduce the cost of borrowing. Users can stay up to date with changing financial conditions and reduce losses while maximizing returns. She is referring to the flexibility that loans provide.

    Risques and considerations


    De Fi flash loans are quick, but they come with risks. The user needs to be aware of defaults, changes in the market, and weaknesses within protocol. These factors are all important for creating a secure transaction environment.

    Insolvency and Default

    The flash loan is unique in that it does not require collateral. This means there are no assets to be used as backup. Risks include the borrower’s failure to repay within the transaction. The loan will not succeed if the borrower cannot execute an arbitrage or trade that is profitable. If the market is changing too quickly and affecting the assets, liquidations may occur very fast. If the transaction is not profitable, it will be undone and returned to its initial state. Crypto analyst Adam Cochran stated that “Flash Loans work because either they execute completely or not at all”. It’s both protective and means that there is no margin for error.

    Volatility in the Market

    Crypto markets are volatile. This volatility is more pronounced in flash loans. The price of an asset can fluctuate in seconds and affect the profitability of a transaction. The original plan of trading could become unprofitable if the asset value changes against the borrower during a transaction. Ari Paul, a financial expert on Twitter said that speed and accuracy are key to dealing with Ether and Bitcoin. To minimize exposure, users must execute transactions instantly. The speed of trading is both a blessing and a curse.

    There are weaknesses in the protocol

    DeFi is at risk of protocol weaknesses. Malicious actors can exploit smart contract vulnerabilities during flash loans. Flash loan attacks, as reported in the media, have resulted in significant losses on multiple platforms. Vitalik Buterin, co-founder of Ethereum, tweeted that code audits are important to correct these flaws. DeFi developers need to audit their code and implement robust security measures in order to minimize these risks. As new threats emerge, protection against them requires continuous attention.

    Learn more about social trading in crypto: strategy replication and community sharing

    Flash Loans and Definitive Financing


    Flash loans are the future of DeFi. It allows the user to instantly borrow an asset as it is uncollateralized. The unique trading feature allows for fast transactions.

    Flash loans will have a continuing impact on DeFi. These loans are believed by many in the crypto-space to be a catalyst for innovation. Vitalik Buterin said that Ethereum’s co-founder Vitalik Buterin stated on Twitter, flash loans are “opening up new opportunities” for DeFi. These loans are also seen by other market analysts as the catalyst to more complex financials.

    Security and ethical usage of flash loans are still concerns. On crypto Twitter, there are discussions about the recent exploits of flash loans where bad actors have used them to attack DeFi protocol. DeFi is working to fix the vulnerabilities. The focus now shifts towards improving the stability and security of the loans.

    Flash loans could also be influenced by the rise of cross-chain technologies. Developers are currently exploring the possibility of flash loans working across multiple blockchains. DeFi could benefit from increased liquidity.

    Flash loans are going to change how we conduct financial transactions. DeFi is no longer a novel concept, but a standard. Flash loans are only going to increase as regulations and security improve.

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  • Citrea secures $2.7M for using Bitcoin as global settlement layer

    Citrea secures $2.7M for using Bitcoin as global settlement layer

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    Citrea, which aims to use Bitcoin to settle transactions, gained attention with its attempts to connect Bitcoin and Ethereum. Gert Van Lagen, an expert in technical analysis, predicted that Bitcoin’s LightSlateGray Today’s VIral Level would increase by 472%, thanks to key bullish patterns.

    The Bitcoin Settlement Layer Development: A Game-Changer

    Citrea is a blockchain-based project that aims to make Bitcoin the basis of the global financial system. Galaxy Digital, the initiative’s lead investor, provided $2.7 million to fund this project in February. The goal is to extend Bitcoin beyond its traditional role of a value store by using it as an advanced settlement layer. Citrea, according to a press release released Tuesday, has ambitious plans for Bitcoin to become the cornerstone of international finance. Citrea will use an innovative method to achieve this goal.

    Citrea’s revolutionary initiative revolves around a program named “Clementine” – a two-way pinning system with minimal trust that creates Bitcoin tokens using Citrea’s Blockchain. This process involves locking Bitcoins on the main blockchain and creating an equivalent token to be used on Citrea. The token is then burned by the user to restore the Bitcoin back to its original form, which allows the Bitcoin to be withdrawn from the Bitcoin Blockchain. This two-way peg ensures that Citrea tokens are equal to Bitcoin and is one of the most important factors in ensuring the security and reliability of Citrea.

    Citrea can use Bitcoin to settle transactions, while also expanding the utility of its token beyond Bitcoin. This opens new opportunities for Bitcoin to be used in Decentralized Finance (DeFi), and in other blockchain-based apps. Bitcoin is transformed from being a static currency into one which can be actively utilized in many contexts.

    Citrea’s integration with BitVM is one of its most interesting features. This new computing paradigm was introduced by Bitcoin developer Robin Linus last year. BitVM was designed to allow Ethereum-style contracts to be implemented on the Bitcoin Network, an idea which had been considered impossible to implement due to Bitcoin’s conservative technical and development architecture. Linus’ innovation aims to bridge the gap between Ethereum’s smart contracts and Bitcoin’s strong security model.

    BitVM allows for complex programs to compress into smaller subprograms which can then be executed in Bitcoin transactions by using cryptographic methods. It opens up advanced applications such as decentralized finance, non-fungible tokens and zero-knowledge calculations. These are all traditionally linked with Ethereum or other blockchain networks that can be more flexible.

    BitVM’s integration into Citrea architecture expands Bitcoin utility and enables seamless interaction between Bitcoins and other blockchains. It could lead to greater scaling for Bitcoin applications. The network would be able to handle more transactions, while still keeping the fees and congestion low.

    Citrea’s Ethereum virtual machine (EVM), Compatibility

    Citrea, in addition to BitVM is compatible with Ethereum Virtual Machines (EVM), which are the programs that power Ethereum’s Smart Contracts. Citrea’s compatibility allows all dApps (decentralized applications) developed on Ethereum to be deployed without major modification. Citrea is a great platform for developers who already have applications built on Ethereum. This makes the switch to Citrea’s Bitcoin-based system smoother and easier.

    Orkun Mahir Kilic said in an interview that Citrea was an EVM compatible layer. This means all applications built on Ethereum could be deployed on Citrea, without any changes. Citrea’s EVM compatibility makes it a flexible blockchain that can host a variety of decentralized apps, including financial products, gaming, and more, all while leveraging Bitcoin for settlement.

    The dual compatibility of Ethereum and Bitcoin allows for new cross-chain application possibilities. Citrea’s goal is to create a blockchain ecosystem that’s more efficient and interconnected by combining Ethereum’s smart contracts and Bitcoin’s settlement layer.

    Rollups, a scaling layer-2 solution which has been popularized in the Ethereum eco-system, is one of the main benefits that BitVM brings to Citrea. Rollups enable transactions to be handled off-chain. This reduces congestion and lowers fees. This could change the game for Bitcoin. Bitcoin’s slower block time and high transaction fees are long considered barriers to adoption.

    Citrea can settle rollups on the Bitcoin Network using BitVM. This creates a system that is more efficient and scalable for handling large amounts of transactions, without having to compromise the decentralization and security for which Bitcoin has become known. Citrea can improve the performance of its network by using cryptographic techniques to compress and run programs in Bitcoin transactions. This is done while preserving the integrity of Bitcoin’s blockchain.

    This new approach could transform Bitcoin into an extremely functional settlement layer capable of supporting a variety of applications. Citrea’s rollups may also help Bitcoin compete with Ethereum and other blockchain networks that excel in DeFi, smart contracts, etc.


    Renowned analyst predicts massive Bitcoin Surge: A 472% increase to $300,000.

    Other Bitcoin news: The flagship cryptocurrency, Bitcoin, has had its ups and downsides throughout the years. Some analysts have consistently predicted both its death and revival. Gert Van Lagen is a well-known technical analyst who has a reputation for making accurate, bullish predictions. Van Lagen’s latest analysis predicts that Bitcoin’s Where to Buy will surge by 472% over the next 12 months, and sets a target price of $300,000.

    Van Lagen’s optimism stems from a technical formation called “step-like”. The pattern is marked by Today’s VIRAL LEVEL= Wheat periods of consolidation, followed by rapid upward movement. This mimics the look of a trend ascending. This pattern is evident in Bitcoin’s Today’s VIRAL LEVEL= LightSeaGreen behaviour. BTC has repeatedly consolidated within specific ranges, before experiencing significant upward movements.

    The “cup-with-handle” structure is another bullish formation that resembles this “step-like”, “formula”. This chart pattern, which is often associated with bullish trending markets and indicates the possibility of substantial increases in Where To Buy prices, has a classic look. This scenario shows that the cup is initially formed by the rounded decline followed by the gradual recovery. The handle, on the other hand, represents the final consolidation prior to the breakout. Van Lagen believes that this formation confirms his positive view of Bitcoin’s Future. Today’s viral level = BlueViolet Movement.

    Van Lagen also identifies a broadening ascending wedge along with the step-like pattern. This is a common technical pattern which signals an important Today’s VIRAL LEVEL= Blue breakout. The wedge appears when the Where to Buy Chart shows higher highs or higher lows. This creates a widening structure which points to a breakout. This pattern, van Lagen says, tends to breakout to the top 79% of time. It is a powerful indicator for Bitcoin’s market cycle.

    Van Lagen also notes that 67% of times, when the ascending widening wedge breaks up, the trend continues. This pattern is highly likely to lead to further appreciation of Today’s VIRAL LEVEL= AliceBlue, given that Bitcoin has had a bullish long-term trend since its creation. This could push Bitcoin to a parabolic stage, which would bring it close to van Lagen’s $300,000 target per BTC.

    Van Lagen’s core analysis revolves around his price target of $300,000. This represents a 472.44% rise from the current level. Van Lagen, who believes Bitcoin is currently trading at $63,500/BTC, thinks that the convergence of bullish patterns could lead to a breakout within the year.

    This Where to Buy goal is based not only on historic chart patterns, but also Bitcoin’s position as a rare digital asset. Van Lagen believes that the convergence macroeconomic factors such as increased institutional adoption, inflationary fears, and Bitcoin’s finite stock creates a perfect hurricane for Bitcoin to achieve new highs. He points out that Bitcoin has shown exponential growth in past bull markets when similar patterns were used.

    Van Lagen’s target of Today’s Viral level= Orchid echoes that of other analysts, including institutional investors who also predicted Bitcoin would reach six-figure levels Today’s Viral level= Green. His specific prediction that Bitcoin will surge 472% within one year is what sets him apart.

    Van Lagen is bullish on the long term, but Bitcoin’s price action in short time remains subdued. In the last four days, Bitcoin’s price has traded in a narrow range, around $63,500/BTC. This is closely aligned with the 200 day simple moving average. The 200-day SMA serves as an important technical indicator, which is used to gauge long-term trends. It also acts as significant resistance or support levels.

    The 200-day SMA is a barrier that Bitcoin has had a hard time breaking above. The traders are closely watching this level, because a break above the 200 day SMA may trigger the next upswing in Bitcoin Price. Van Lagen is confident that once Bitcoin has cleared this crucial resistance level, it will confirm a breakout from the ascending widening wedge. This could ignite a bullish rally towards his target of $300,000.

    It is impossible to overstate the importance of the 200 day SMA, which often acts as a barometer for the strength of an overall market trend. This level is a good indicator of a bullish market, and if it’s broken consistently above that mark then retail investors as well as institutional ones will likely increase their buying pressure.

    Bitcoin Price Increase: Potential catalysts

    Bitcoin could reach $300,000. Several catalysts are possible. The institutional interest in Bitcoin is growing, and major companies such as MicroStrategy (formerly known as Tesla) hold significant amounts of Bitcoin. The approval of an exchange-traded spot Bitcoin fund in the United States may also serve as a catalyst for new investment opportunities and liquidity.

    Bitcoin is also a good hedge for investors because of its scarcity, which comes from the fixed supply of only 21 million coins. This makes it a great way to protect against currency devaluation and inflation, two major concerns. Many investors turn to Bitcoin to store value as central banks continue to adopt loose monetary policy.

    Van Lagen may be confident in Bitcoin’s growth Today’s viral level= Linen, but it’s important to recognize the potential risks to Bitcoin’s rise to $300,000. Crypto market risks are largely dominated by regulatory uncertainty. The crypto market is still facing significant regulatory uncertainty. Governments are grappling around the globe with how best to regulate Bitcoin, other digital assets and any unfavorable developments in regulation could have a negative impact on market sentiment.

    Bitcoin’s volatility is also a cause for concern. Bitcoin’s Where to Buy fluctuation could cause a temporary correction in the market. Investors need to be ready for volatility along the way to van Lagen’s target.

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  • The Top 7 Tax Management Options in 2024: 7 Crypto Calculators for Accurate Management

    The Top 7 Tax Management Options in 2024: 7 Crypto Calculators for Accurate Management

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    You Can Find It In This Article

    Cryptocurrency tax calculations can be a real pain. But Crypto Tax Calculators is the solution. They are essential for making accurate calculations and avoiding mistakes. Choose the best one, from big names like CoinLedger that covers crypto and non-fungible token (NFT), or popular players.

    Experts in the industry say that digital tools will be used to calculate taxes. Analysts claim that automating tax reporting ensures accuracy and follows digital financial trends. On crypto forums and on social media experts agree that technology must be paired with financial responsibility.

    Conversations on Twitter show that crypto users want calculators they can trust. A good crypto-tax calculator, according to financial advisors, should be able to adapt and update in real time. The crypto world is constantly changing, so it’s important to stay informed.

    Check out the Top 5 Cryptos to Buy Right Now for Long-Term Gains

    What To Look For In A Good Crypto Tax Calculator

    You must use a good cryptocurrency tax calculator to manage your digital assets. Real-time portfolio tracking tools, integration with exchanges and the ability to harvest tax losses are key features. The features simplify your tax reporting process by automatically collecting and organising the data.

    Real Time Portfolio Tracking

    Users can track their crypto holdings in real time. The feature provides you with up-to-date information on the market, including prices.

    This is offered by many top calculators, such as Accointing. Real-time tracking of your assets not only helps ensure accuracy, but it also allows you to understand trends and make better decisions. The dashboards that show portfolio changes in real-time are a favorite among traders.

    You can adjust your strategy by watching the market. It is easy to see at any moment your overall gains and losses. This gives you peace of mind.

    Exchange and Wallet Integration

    Integrating with the major exchanges, wallets and other services is essential. Data will flow smoothly and the history of transactions can be easily collected.

    Accointing, for example, integrates with more than 450 exchanges. You can now consolidate your entire crypto-data in one location.

    Direct links to Binance Coinbase and other sites reduce the need for manual input. It saves you time and eliminates errors. It is important that your calculator be compatible with both your wallet and exchange for an easy experience.

    Transact Import and Synchronize

    Automatic import and sync of transactions keeps all your records up to date. Users can import transaction data directly from exchanges or wallets.

    It eliminates the need for manual data entry, which is time-consuming and prone to errors. Data sync is seamless on good calculators, which makes tax season easier.

    Real-time updates ensure that you never miss a single transaction. For accurate calculations of tax liability and planning, it is important to have the right data.

    Specific Identification, FIFO and LIFO

    You need to select the correct accounting method in order to calculate your crypto gains. The majority of calculators are compatible with FIFO and LIFO methods.

    FIFO is based on the assumption that the oldest assets purchased are sold first and LIFO, the most recent. Some calculators offer specific identification which allows for more precise tracking.

    The right strategy will determine which method you choose. Understanding these tax-saving methods and their potential tax savings will help you maximize your tax result based on current market conditions.

    Tax Loss Harvesting Tools

    You can offset your taxable gain by using tax loss harvesting software. It can help reduce your tax bill by using tax losses to offset gains.

    Some calculators include harvesting tools which suggest what assets to sell. Users can make better-informed decisions based on their financial goals.

    Crypto-users do this when the market is down. These tools can help you plan for the future by identifying potential losses.

    Wintermute unveils election prediction market with tokens for HARRIS, TRUMP

    Top Crypto Tax Calculators for 2024


    These tools are essential for managing crypto transactions on multiple platforms. The tools automatically sync the data between exchanges and wallets. The top platform options are available to users, each offering their own benefits and features.

    BitTaxer

    BitTaxer is a good choice for beginners as well as advanced traders. The software automatically syncs to major wallets and exchanges. It also collects accurate data. The software also includes features for more complex transactions, such as DeFis and NFTs.

    BitTaxer places security at the top of its priority list and employs encryption for user data protection. The users can easily generate tax reports with detailed information and submit their taxes. You can get help if you need it while using BitTaxer. It’s an all-in-one crypto tax solution.

    CoinTracking.Info

    The features of CoinTracking.info include real-time tracking, historical analyses and transaction analysis. Over 10,000 Cryptos supported and integrated with major exchanges. Flexible for crypto portfolios. Tax optimization software can be used to determine the most effective tax methods.

    Reports, graphs and charts that show tax liabilities and investment performance. Data encryption and 2-factor authentication. If you require expert tax advice, professional help is readily available. If you need deep tracking, CoinTracking.Info will do the job.

    CryptoTrader.Tax

    CryptoTrader.Tax offers simplicity. The tax-filing process is automated by the software, which imports trade data and generates tax forms. It’s great for those who are new to crypto tax.

    CryptoTrader.Tax is compatible with multiple tax forms and regulations. The reports are simple to read and understand, so users can still file their taxes even if they don’t know tax. Customer support is available to answer any questions and issues. This makes it easy for tax filing.

    TokenTax

    TokenTax connects with all the major exchanges in order to calculate taxes. Supports DeFi and NFT transactions, which is great for traders. TokenTax supports multiple tax forms, so that users can adhere to different jurisdictions.

    TokenTax is serious about security. It uses encryption to protect data. Crypto tax experts are available to provide assistance when required. If you require deep assistance with your crypto tax filing, this is the solution for you.

    Crypto Tax 2024


    Crypto tax liabilities are still significant in 2024, as the digital transaction market is growing. Anyone who owns crypto should understand capital gains tax, mining income tax and airdrop taxes.

    Capital Gains

    Tax purposes, cryptocurrency is considered a property. When crypto is traded or sold, capital gains and losses are incurred. When assets are owned for less than one year, short-term capital gain is taxed at ordinary income. Income-based tax rates range from 10% to 37%. Long-term gains from assets held over a year are taxed from 0% to 20% (https://tokentax.co/blog/tax-rates-for-cryptocurrency)

    You can reduce your taxable income by up to $3,000 if you have capital losses. For accurate tax reporting, experts recommend keeping detailed records. Vitalik Buterin, along with other leaders in the industry, always stress these rules.

    Earnings from Mining and Staking

    According to IRS, mining and stake income is considered ordinary income. It’s therefore taxed like regular income. The fair market value for the coins mined must be reported by the miners at the moment they receive the coins. The extra income could put the miner in a higher bracket of tax.

    Stakers face similar rules. Staking rewards must be declared as income. The crypto community, including voices from the industry on Twitter has debated this issue to alter the taxation of these earnings. It is important to accurately track and report.

    Forks taxation and airdrops

    Forks and airdrops can both be considered special events with different tax implications. Airdrops are taxable income based on their value. If new coins were received in the hard fork, it could also be taxed.

    Crypto pros say it’s complicated. Recently, discussions on Twitter about crypto have called for greater guidance from tax authorities. Crypto holders should be aware of the uncertainty surrounding airdrops and some forks. They may also want to seek out professional help in navigating this.

    Wintermute unveils election prediction market with tokens for HARRIS, TRUMP

    Compliance and Legal

    Anyone in the cryptocurrency space should be familiar with the legal and compliance landscape surrounding crypto taxation. The IRS’s guidance on record-keeping and any changes to regulations may have a significant impact on tax planning.

    IRS Guidance

    IRS views cryptocurrency as a property, which has an impact on how losses and gains are reported. You will need to determine capital gains and losses per transaction. Tax rates for short-term and longer-term gains are different.

    In recent years, the IRS has focused on crypto-transactions. Stay informed as new guidance and updates will be released frequently. Compliance is essential as they ask for virtual currency usage on their tax forms.

    Keep records for audits

    Tax reporting and audit protection depend on accurate record keeping. Investors need to keep track of each cryptocurrency transaction, including the dates, amount and purpose. Keep detailed records to minimize tax errors and calculate losses and gains accurately.

    CSV files are available from digital wallets and exchanges. Connect to exchanges with crypto tax calculators.

    Impact of Regulatory Changes

    Changes in regulations can have an impact on cryptocurrency taxes. Recent proposals call for increased reporting obligations, which could change the way crypto taxes are reported and calculated. The proposals could include a data-sharing agreement between tax authorities and exchanges.

    Keep up to date with regulatory changes and your tax planning. Leaders in the industry, such as Vitalik Buterin, always recommend having adaptable strategies for your cryptocurrency investments. Get updates about the latest crypto policies by following @crypto Twitter.

    Crypto Tax Planning:


    Tax planning with crypto can help you save a great deal of money and ease the tax season. Crypto investors are able to better manage their tax burdens by using tax-advantaged account and timing transactions.

    Tax-Advantaged accounts

    These accounts offer crypto investors a powerful tool. You can defer taxation on crypto investments in these accounts until the time you withdraw your funds. Contributing to a 401(k), IRA, or other tax-deferred account can allow you to grow your money without paying taxes.

    Investors need to determine if it makes sense for them to hold crypto assets within these accounts. For example, an IRA not only allows you to defer taxes, but it also shields your gains from capital gain tax. Not all IRAs allow crypto investment. Self-directed self-directed IRAs offer more flexibility.

    In recent Twitter discussions, a number of crypto tax professionals have recommended using self-directed crypto accounts. This can lower your taxable income while still giving you exposure to crypto. Check that the provider of your account is flexible and compliant for cryptocurrency investments.

    When to Time Your Transactions

    Tax planning is all about timing your crypto transactions. If you sell crypto after more than one year, your long-term capital gains taxes will be lower. Some investors can get rates as low as zero percent depending on their tax bracket.

    Taxes on short-term sales are higher than ordinary income. Investors may want to wait until they reach the holding period before selling. Watch out for volatile market periods, as these can provide a great opportunity to harvest tax losses.

    Timing is also emphasized by industry leaders. Recently, a well-known cryptocurrency expert tweeted that it is important to plan your buying and selling actions. According to them, you should review the market and tax implications on a regular basis.

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  • Bitcoin Name Service Explained: Use.BTC domains to simplify transactions

    Bitcoin Name Service Explained: Use.BTC domains to simplify transactions

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    You Can Find It In This Article

    Bitcoin Name Service is an interface to the Bitcoin blockchain. Register human-readable BTC Domains. BNS allows you to map domain names directly into your wallet, so that you don’t have to deal with complicated and long wallet addresses.

    Bitcoiners, as well as Twitter personalities, are talking about BNS. Stacks BNS, which runs on the Bitcoin secure network, is safe and easy to use. The technology has been designed to be more user-friendly for novice users, while being robust enough for advanced users.

    Vitalik Buterin, among others, has long said the user experience in blockchain is crucial. BTC domains will help to increase adoption of Bitcoin by making transactions easier for users.

    Bitcoin where to buy set to explode according to Rich Dad poor dad author Read also: Bitcoin Where to Buy Set to Explode According Rich Dad Poor Dad Author

    Bitcoin Name Service: History and purpose

    Bitcoin Name Service is an decentralized solution for domain management on the Bitcoin blockchain. BTC transactions and domains are made easier and safer by using.BTC.

    History of the.BTC domain

    Domains ending in.BTC were created to help make Bitcoin easier for users. The traditional Bitcoin address is long and complex, which often leads to human errors during transactions.

    BTC domains work like web addresses, but they are on the Bitcoin Blockchain. The need to facilitate identification and interaction in the Bitcoin eco-system led to the creation of.BTC domains. The blockchain pioneers wanted to create an address system that was more manageable and memorable for Bitcoin users.

    BNS objectives

    BNS had several goals in mind. It aims first to simplify Bitcoin transactions by substituting long addresses for simple BTC domains.

    Another objective is security. BNS is using blockchain technology for the management and domain registration process to be transparent and tamper proof.

    BNS also is decentralized. BNS, unlike traditional domain systems which rely on central authorities to manage them, is peer-topeer.

    BNS Technology


    Bitcoin Name Service allows users to use.BTC Domains. The domains make Bitcoin easier to use and more convenient. The technology sits on the Bitcoin blockchain, and it has several security features.

    Bitcoin and DNS

    BNS is a combination of the Domain Name System and the Bitcoin Blockchain. You can register, manage and convert complex wallet addresses to human-readable domain names.

    It is the same as when domain names replaced IP addresses in order to increase internet accessibility. BNS uses Stacks to register these domains via smart contracts. The service is decentralized, and the domain names are secure and easy to transfer.

    Paul Veradittakit tweeted, as a Pantera Capital partner, that BNS could “significantly lower the entry barrier for Bitcoin users,” a huge deal within the crypto-ecosystem.

    The Security of Your Own Home

    BNS’s technology is built around security. It uses the Bitcoin blockchain’s decentralized structure to prevent domains from being hacked or tampered.

    Each.BTC is stored on the Bitcoin Network as a Non-Fungible Token (NFT), making it extremely secure. Smart contracts allow domains to be only transferred if certain conditions are met.

    Muneeb A. Ali, the co-founder and CEO of Stacks said in a webinar the NFT integration creates an “unbreakable link” between the digital identity, the person, and the NFT. This is why it’s so secure. The security framework provides users with peace of mind, knowing that their domains will be safe.

    Buy a domain ending in.BTC


    You can get a domain ending in.BTC to make Bitcoin transactions easier by substituting complicated wallet addresses for human-readable domains. These are the registration and eligibility requirements.

    Needs

    You must meet certain criteria to get a domain ending in.BTC. The best wallet to use is one that works with the Stacks Blockchain, since BNS sits at the top. The wallet interacts with the smart contract in order to store and register the domain.

    To pay for the registration fee, you will also need some STX, which is the native currency on the Stacks Blockchain. It is not necessary to be familiar with blockchain and standard wallet management.

    Requirements:

    • Compatible with Stacks wallet
    • STX tokens for fees
    • Basic Blockchain Knowledge (optional).

    Registration

    There are a couple of steps to the registration for a domain ending in.BTC. You must first ensure that your STX wallet has been set up, and is funded. You will then need to register for BNS, which is often available on the websites of providers like Coinbase.

    How to Register:

    1. Register with your wallet compatible with Stacks.
    2. Select a domain: Choose a.BTC name from the list of available names.
    3. Use STX tokens to confirm and pay your fee.
    4. Register and complete the transaction in the blockchain

    The.BTC domain, once registered, is then stored on the Bitcoin network as a NFT, which makes it secure and decentralized. The domain can be linked to the Bitcoin wallet for easier transactions.

    Continue reading: Bitcoin ETFs are boosted by investor sentiment, while Ethereum outflows persist

    Use Cases of.BTC domains


    Bitcoin Name Service simplifies Bitcoin transactions. It allows users to use and register.BTC Domains. It’s a great way to brand yourself and your business using the Bitcoin blockchain.

    Personal Branding using.BTC

    By using.BTC for your personal brand, you can create a memorable and human-readable online identity. Influencers and crypto enthusiasts looking to build trust will benefit from this. Their wallet address is easier to read with a.BTC. Instead of having a complicated, long wallet address, you can use something as simple as “your name.btc”.

    Crypto community has already begun to discuss this. Andreas Antonopoulos, a crypto expert said that “human-readable domains” will be able to drive mass adoption.

    BTC domains are a great alternative to traditional Bitcoin addresses for social media profiles, email signatures and more. They look professional and tidy and reduce the number of transaction errors.

    Businesses can benefit from a variety of business opportunities.

    Businesses can utilize.BTC to streamline transactions and create a presence on the Blockchain. A website that accepts Bitcoin payments can, for example, use the “shop.btc”. The payment process will be streamlined, making it more efficient and secure.

    BNS can be used by companies in the Web3 sector to create domains that are dedicated for decentralized apps and smart contracts. It will create trust and increase security, while increasing transparency. BTC domains are a great way to create new business models in the crypto-space and improve user experience.

    Learn more about Crypto OTC Desks: How do they work?

    Manage Your.BTC Domain


    Manage your domain.BTC by updating details, and understanding the rules of renewal and transfer.

    Update Domain Info

    . BTC domain holders must keep the information on their domains up-to-date. Users can, for example update the wallet linked to the domain. The smart contract is implemented on Stacks, using the Bitcoin security network.

    The user can update information such as the contact details of their owner by visiting their domain management page. They can update information by editing each field. This information is important in the event of a dispute or to authenticate.

    Users must log in to their BNS accounts before they can update records. After authentication they will need to enter the domain settings, and make any necessary changes. To ensure the security of domains, some platforms require confirmation by email or another form.

    Renew and Transfer Rules


    Renewal of a domain ending in.BTC is necessary to maintain ownership. The BNS system allows you to extend the expiration date of a domain. The user will be notified when the domain expires and they should renew their account in the portal.

    The rules for transferring a domain ending in.BTC vary depending on the platform. In general, the owner of the domain must initiate the transfer. The current owner must approve the transfer on their BNS account. This will then be followed by a new code that the owner can use to complete their purchase.

    There are transfer and renewal charges. BNS charges a fee to maintain domains and keep them safe.

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  • Kaspa Crypto Where To Buy Prediction: Insights And Future Trends

    Kaspa Crypto Where To Buy Prediction: Insights And Future Trends

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    You Can Find It In This Article

    Kaspa has gained a lot of attention on the crypto market. Traders are eager to see where it will go in the future. Kaspa is a great option for investors because of its special features, such as fast block rates and decreased emissions. Price of Kaspa is predicted to reach $0.285 at the end of 2020 and could possibly peak higher.

    Kaspa’s innovative technology, as well as the growing awareness of investors, will likely drive interest in 2024. Analysts think that the momentum generated by this year’s Where to Buy movement could be significant. Forecasts indicate that Kaspa could trade anywhere between $0.7148 to $2.56 by 2030 depending on the market and adoption rate.

    Understanding the price prediction for Kaspa will help investors to make informed decisions as the crypto landscape changes. It is important to keep an eye out for its development.

    Kaspa: Understanding Its Unique Features

    Kaspa stands out for its unique technology and structure. The proof-ofwork model is used, but advanced techniques are also implemented to increase efficiency and scalability.

    GhostDAG Protocol

    Kaspa is defined by the GhostDAG protocol. GhostDAG is different from traditional blockchains that produce linear blocks.

    The feature speeds up transactions and reduces congestion on the network. GhostDAG allows blocks to refer to each other, which ensures old blocks don’t lose importance. This promotes a more complex and efficient network.

    This method allows for a high level of security to be maintained while allowing for a greater volume of transactions. Kaspa users enjoy faster confirmations, lower fees and a better user experience.

    BlockDAG: Its advantages

    Kaspa uses a BlockDAG-structure, which has several advantages over blockchains. BlockDAG is an acronym for Directed Acyclic graph, which allows more flexibility for transaction processing.

    Multiple blocks are able to exist simultaneously, allowing for confirmation of transactions almost immediately. The feature increases throughput and is suitable for environments with high demand.

    Scalability is another advantage. BlockDAG is able to handle the increased load as more users join. This means that the blockchain will not slow down. Kaspa’s approach provides a system that is robust, efficient and suitable for the future growth of crypto.

    Magenta analysis of Kaspa: Historical today’s viral level

    Analysis of the Price Trends in Kaspa over time can provide insight into market performance and behavior. Understanding the market’s past dynamics and all-time lows can help inform today’s Today Viral Level=DarkRed predictions.

    Previous Market Trends

    Kaspa’s price has fluctuated significantly since it was launched. Price initially increased sharply, reflecting the growing interest for this project. Trading volume spiked when major updates and announcements were made, which increased investor excitement.

    Kaspa’s market tendencies often mirror the larger crypto markets. In bullish phases it exhibited a significant upward trend, while in bearish periods, there was a notable downward trajectory. The average trading volume varied greatly, and peaks often accompanied major market events. These trends are useful in predicting the future.

    Kaspa’s All-Time Lows and Highs

    Kaspa’s all-time peak was reached in August 2024 when Price peaked at around $2,075. The surge in price was driven by an increase in trading volumes and media attention. Investor confidence at that time was very high. This led to a significant upswing.

    Kaspa’s low recorded price fell to about $0.0003 at the beginning of 2022. The low price coincided with the general decline in cryptocurrency. Investors must monitor these highs to determine potential exit and entry points. Understanding these Today’s VIRAL Level= Azure characteristics is the foundation of future Price prediction.

    Kaspa’s position in the Cryptocurrency market

    Kaspa has carved out a niche for itself in the competitive cryptocurrency market. It aims to be a competitor with both established cryptos and emerging altcoins using its innovative technology. Investors and cryptocurrency enthusiasts must understand its market cap and compare it to its rivals.

    Market Capitalization Insights

    Kaspa’s market cap is expected to reach $4.18 billion by September 12, 2024. The current market capitalization is approximately $4.18 Billion, and predictions suggest that it could grow in future years. Price could reach $0.36 by 2024 depending on the market.

    Its market capitalization reveals its position among altcoins, and also investor interest. It is currently behind the major players such as Bitcoin and Solana, but has potential to move up in value if it gains more attention from investors. The growing number of investors and traders who recognize its potential is a key factor for its growth.

    Kaspa vs Competing Altcoins

    Kaspa is in competition with a number of altcoins. Each has its own unique feature. Kaspa, for example, aims to distinguish itself from Bitcoin, the leader in the market, by focusing on speed and scaleability.

    Kaspa, which is known to offer lower transaction costs and faster processing, has positioned itself as an alternative. It aims to appeal to users that value these features in the context of TON or similar projects.

    Kaspa is compared to its rivals based on factors like technological advances and community support. Its market position is constantly changing and developing. Predictions indicate that it could reach a value of $2.56 in 2030.

    Fundamental Analysis of Kaspa Utility

    Understanding Kaspa’s fundamental aspects and utility will give you a better understanding of its position on the market and potential growth. The key areas are tokenomics, the Kaspa Network’s functionality and its applications.

    Tokenomics and Kaspa Network

    Kaspa uses a tokenomics system that is unique. The current circulating KAS token supply is around 24,67 billion. The large amount of tokens is intended to accommodate a variety of network transactions.

    Kaspa’s network is focused on scaling. The Kaspa network uses blockDAG, which allows for high transaction speeds without losing speed. The design is able to handle thousands of transactions every second. This makes it highly efficient both for businesses and users.

    The network also rewards validators with block rewards to promote a safe environment for transaction. Market capitalization is approximately $4.18 Billion, a reflection of investor confidence.

    Real World Applications

    Kaspa has many practical applications. Smart contracts allow developers to build decentralized apps (dApps), which can run efficiently across the network.

    Kaspa is a great tool for businesses to use when they need fast, secure transactions. It is especially useful for industries that require speed and security. Kaspa can be integrated into e-commerce platforms to simplify payment processing.

    The Kaspa network can handle high volumes of transactions, which opens the door to innovative solutions. Decentralized Finance (DeFi), supply chain tracking and other applications are among them. They enhance transparency and trust across various industries.

    Kaspa and Regulatory Landscape

    Kaspa’s future is heavily influenced by the regulatory environment. Decentralization and government regulations are also considered.

    Decentralization of Regulations

    Kaspa is based on a network decentralized on the participation of community members and their consensus. Decentralization allows the users to retain control of their assets, without having to rely on central authorities.

    This can cause tensions with regulators who want to enforce rules that protect consumers and ensure financial stability. Regulations may require compliance with anti-money laundering and Know Your Customer (KYC).

    By successfully navigating through these regulations, Kaspa can increase its trustworthiness and attract new users. Despite this, the strict rules may hamper its growth. Kaspa must balance compliance with decentralization in order to achieve long-term growth.

    Kaspa Future Predictions on Where to Purchase

    Kaspa’s predictions on where to buy are based upon market forecasts and trends. The predictions can be divided into two categories: short-term and longer-term. This gives investors a better idea of what to expect.


    Weekly chart of KAS/USDT Source: TradingView

    The Short-Term Forecast for 2025

    Kaspa’s value is likely to fluctuate in 2025. Forecasts indicate that a low value of $0.25 could be reached after the market has corrected by approximately 31.78 percent. After this drop, Kaspa could see a peak of $0.79 indicating potential recovery.

    Analysts expect that in the year 2000, the price will average around $285. The market sentiment is still positive, but it varies between platforms. Technical indicators indicate a bullish direction, suggesting significant growth potential in Where to Buy over the short term.

    Long-Term Forecasts: 2030 and Beyond

    Predictions for Kaspa are more optimistic as we look toward 2030. By the end of this decade, it is estimated that Kaspa could achieve a Today’s LightBlue Viral Level of up to $2.56. If current trends are maintained, this would be a significant growth.

    Numerous forecasts indicate that the average Price will be around $0.7148. This is based on previous market fluctuations. This growth may be influenced by factors such as the overall market condition, adoption rates and general development of the crypto sector. This outlook may be attractive to long-term investors due to the possibility of significant returns.

    Kaspa Investment Potential

    Investors who are interested in Kaspa’s financial environment will find many opportunities. Among the most important factors are its expected return on investment and risks. This report highlights the key insight into Kaspa’s potential growth and caution when investing.

    Kaspa Growth and ROI

    Kaspa’s potential ROI (return on investment) has been a major focus for both current and prospective investors. Kaspa’s Where to Buy is currently at $0.17. The predictions for the next few years indicate significant growth.

    • Estimates for 2025 range between $0.25 and $0.79. This represents a possible ROI of 480% compared to current levels.

    • Some analysts predict that the Price will reach $2.56 by 2030. This would indicate a significant long-term increase.

    Kaspa investors should compare these projections with market trends in order to determine its appeal.

    Risk Assessment

    Like any other cryptocurrency, investing in Kaspa carries some risks. The volatility of the market is one major concern. Prices fluctuate quickly and without warning.

    • Kaspa is influenced by a number of factors, including regulatory changes and the competition with other crypto currencies.

    • The self-reported $4,18 billion market capitalization may not reflect the true conditions of the market.

    Investors should prepare themselves for potential downturns by being aware of the factors. By researching these risks, you can manage your expectations and make better investment decisions.

    Adoption scenarios and market sentiment

    Kaspa’s future is heavily influenced by the market sentiment and adoption rate. Investors can gauge the potential growth of Kaspa by understanding how these factors work together.

    The Influence of Adoption rates

    The Today’s Viral level= Chartreuse can be affected by the adoption rate. As more businesses and individuals begin using Kaspa, the visibility of this software increases. This leads to a higher demand. The price often increases due to increased demand.

    Adoption is influenced by a number of factors.

    • Kaspa will attract more customers if it offers features that are easy to use.

    • Collaborations with business can increase adoption.

    • Support from the community is often a key factor in increasing usage.

    Prices are likely to increase as users adopt the new technology. This reflects the positive trend of the market.

    Assessment of Market Sentiment

    The market sentiments towards Kaspa are overwhelmingly bullish. Current indicators indicate a 79% positive outlook. Positive sentiments can increase trading and DeepSkyBlue’s growth.

    Market sentiment is affected by:

    • News and Media coverage: Good news and media coverage can increase investor confidence.

    • Technical Analysis: Traders use charts for assessing Today’s viral level= White movement and future trends.

    • Market Trends: Analyzing broader crypto market trends helps gauge investor feelings.

    Kaspa is experiencing a strong upswing in investor confidence, which could encourage more investors to invest.

    Trading Kaspa on Exchanges

    Selecting the best exchange to trade Kaspa can have a significant impact on your trading results. Also, it’s important to take into account trading volume and liquidty. This allows traders to take advantage of favorable trading rates and act quickly.

    Selecting the Best Exchange

    Kaspa is supported by several exchanges. Bitget, Bybit and Gate.io are notable platforms. These exchanges each offer unique features.

    • Bitget is a popular choice among both novice and experienced traders. Its user-friendly interface, coupled with its competitive fee structure, makes it a great option for beginners.

    • Bybit is a platform that offers advanced trading options and high-leverage options. This platform is very popular with those who want to trade derivatives.

    • Gate.io is a good choice for investors who are looking to diversify their investment portfolios. It supports a variety of cryptocurrencies including Kaspa.

    Before selecting an exchange, it is important to review the fees, security features and other aspects.

    FAQs

    How much will Kaspa be worth in 2030?

    According to experts, if Kaspa’s user base continues to expand and grow at a steady rate, the company could reach significant levels by 2030. The predictions are varied, based on differing views about market trends and adoption of technology.

    How high can Kaspa go during the next bull market?

    Kaspa is believed to have a substantial increase in value during the next bull market. Price estimates vary, and some predict that it will rise dramatically based on market trends.

    Experts have predicted that the color of Kaspa will be the same as Today’s viral level in 2025.

    By 2025, analysts predict Kaspa’s Where To Buy will depend on the overall state of the market and technology developments. The estimates range from an average of zero or a slight increase depending on the market and crypto developments.

    Is Kaspa a good investment for the future?

    Kaspa’s market is currently showing a positive trend. Investors should look closely at the market indicators as well as community discussion, which can give them a good idea of its investment potential.

    What is the Reddit community’s opinion of the Price Predictions for Kaspa?

    Reddit users have a wide range of opinions about Kaspa’s predictions on where to buy. Some are positive about the growth of Kaspa due to unique technological features, and others caution against it because market volatility is a concern.

    How far can Kaspa possibly reach today’s viral level = PapayaWhip by 2024?

    Kaspa is expected to see moderate growth by 2024. According to some analyses, the price will be around $0.183585. This reflects a bullish view based on positive market conditions.

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  • Arthur Hayes Predicts Bitcoin Could Sink Below $50K This Weekend

    Arthur Hayes Predicts Bitcoin Could Sink Below $50K This Weekend

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    Bitcoin’s Where to Buy recently dropped below $56,000, which pushed market sentiment into “extreme fear” territory. BitMEX co-founder Arthur Hayes also predicts a further 12% Where to Buy decline that could push Bitcoin below $50,000. Despite this, some traders are still optimistic about Bitcoin’s future performance, yet Bitcoin ETFs are still dealing with continuous outflows. On the other hand, Bitcoin DeFi is gaining some traction, and some developers predict it could even surpass Ethereum’s dominance in DeFi within the next two years.

    Arthur Hayes Warns of Further BTC Declines

    The crypto market sentiment has slipped back into “extreme fear” territory after Bitcoin (BTC) briefly dropped below $56,000. BitMEX co-founder Arthur Hayes also predicted a further 12% decline that could see Bitcoin fall below $50,000 over the weekend. 

    The Crypto Fear & Greed Index, which measures market sentiment and trends on a scale of 100, fell to a score of 22 on Sept. 6, indicating “extreme fear.” This is a seven-point drop from the previous day’s “fear” rating and is the lowest score since Aug. 8, when the index hit 20. 

    Crypto fear & greed index (Source: Alternative)

    Bitcoin’s Today’s Viral Level= SlateGray touched a low of $55,838 after a sharp decline from over $58,000. This erased $29.7 billion from its market capitalization. According to data from CoinMarketCap, BTC is trading hands at $55,767.64 at press time after its Today’s Viral Level= LightCyan dipped by over 2% throughout the past 24 hours of trading. Arthur Hayes believes that Bitcoin is under pressure and expects the Where to Buy to drop even more over the weekend.

    This drop in Bitcoin’s Where to Buy comes amid broader concerns about the United States economy, particularly with regards to a potential Federal Reserve interest rate cut later this month. 

    The decline in Bitcoin’s value has also impacted some other major cryptos. Ethereum’s (ETH) Today’s Viral Level= RoyalBlue also fell by more than 2% since yesterday. As a result, the altcoin is worth close to $2,346.67 at press time. Both Solana (SOL) and XRP also saw their prices decline by over 2% during the same time period.

    The broad sell-off resulted in $94.26 million in liquidations in the last 24 hours, largely from those betting that Bitcoin’s Today’s Viral Level= Khaki will rise.

    Liquidation heatmap (Source: Goinglass)

    Traders Brush Off Fears of September Bitcoin Slump

    Some Bitcoin traders are still very hopeful despite concerns about the usual September market downturn, even though historical trends suggest otherwise. Ed Hindi, chief investment officer at Tyr Capital, pointed out that while September has typically been a negative month for Bitcoin, a potential Federal Reserve rate cut and a strong U.S. economy could catch bears off guard. Hindi stated that the chances of Bitcoin surpassing $60,000 are much higher than it dropping below that level.

    Well known trader Daan Crypto Trades shared that despite its reputation, Bitcoin’s average return in September is around -4%, which he considers moderate when considering the asset’s volatility. CoinGlass data supports this, and revealed that September has historically been Bitcoin’s worst month, with an average monthly loss of 4.89% over the past 11 years.

    Bitcoin monthly returns (Source: Coinglass)

    Daan Crypto Trades added that he is closely monitoring Bitcoin’s Price chart for a “higher high and higher low,” which is a signal that buyers are gaining the upper hand in the market. He also indicated that Bitcoin needs to climb back above $65,000 to display any real strength.

    This comes after analyst Matthew Hyland placed a lot of emphasis on how important it is for Bitcoin to bounce back and achieve a higher high, especially after it dropped below $58,000 on Aug. 30. Hyland also believes that a Where to Buy action like this will confirm the uptrend Bitcoin has been in since August.

    Spot Bitcoin Funds Face Seventh Day of Outflows

    While some traders are optimistic about BTC’s possible performance for September, Bitcoin exchange-traded funds (ETFs) are still bleeding. The U.S. spot Bitcoin ETFs experienced $211.15 million in net outflows on Thursday, making it the seventh consecutive day of negative flows. 

    Bitcoin ETF flow (Source: Farside Investors)

    Fidelity’s FBTC led with $149.49 million in outflows, followed by Bitwise’s BITB with $30 million. Grayscale’s GBTC and mini trust also saw outflows, with $23.22 million and $8.45 million, respectively. 

    No spot Bitcoin ETFs recorded any net inflows, and eight other funds, including BlackRock’s IBIT, reported zero flows for the day. The daily trading volume for the 12 ETFs dropped to $1.35 billion, which is down from the $1.41 billion that was recorded on the previous day. 

    Meanwhile, spot Ethereum ETFs in the U.S. saw smaller movements, with $152,720 in net outflows on Thursday. Grayscale’s ETHE reported $7.39 million in outflows, while the Ethereum Mini Trust saw $7.24 million in inflows. 

    Seven other Ethereum ETFs recorded zero flows for the day. The daily trading volume for Ethereum funds also declined to $108.59 million, compared to $145.86 million the day before. 

    Ethereum ETF flow (Source: Farside Investors)

    Augustine Fan, head of insights at SOFA.org, believes that the ideal scenario for equities and Bitcoin would be a slightly weaker report that doesn’t raise recession concerns but allows the Federal Reserve to remain on track with its economic plans. 

    Bitcoin DeFi Could Overtake Ethereum

    The total capital being put to use in Bitcoin-based decentralized finance (DeFi) protocols could surpass that of the Ethereum network in the next two years, according to Bitcoin DeFi developer Brendon Sedo. At Korea Blockchain Week, Sedo, an initial contributor at Bitcoin sidechain Core DAO stated that the trillion dollars currently held in the Bitcoin ecosystem will gradually move on-chain, which could potentially flip Ethereum’s dominance in DeFi.

    Sedo pointed out that as Bitcoin’s value is continuously rising and more institutional capital is drawn in through exchange-traded products (ETPs), it is likely that a lot of this capital will flow into Bitcoin sidechains and DeFi applications. Solutions like trustless bridges and roll-ups are expected to facilitate this transition, unlocking significant liquidity for on-chain opportunities in the Bitcoin ecosystem.

    The recent approval of spot Bitcoin ETFs has boosted development activity around Bitcoin sidechains like Core, Bitlayer, and Stacks, driving interest in Bitcoin scalability. However, Sedo shared that for Bitcoin’s DeFi total value locked (TVL) to surpass Ethereum’s, more Bitcoin holders have to embrace putting their assets to work in DeFi. This shift has been hindered by skepticism after the collapses of platforms like BlockFi and Celsius in 2022.

    Despite the past losses, Sedo believes that Bitcoiners’ attitudes are changing, particularly towards non-custodial DeFi applications. He also noticed a shift in sentiment at the recent Bitcoin 2024 conference, where builders were excited by the growing potential of Bitcoin’s DeFi ecosystem. 

    TVL of all Bitcoin sidechains (Source: DeFiLlama)

    Sedo is very confident in Core’s staking system, which is entirely non-custodial and allows users to time lock their Bitcoin in exchange for a 3% yield paid out in CORE tokens, which are used for gas and governance on the network. Core also recently overtook Bitlayer to become the largest Bitcoin sidechain, with $314.4 million in TVL and over 5,500 BTC staked on its network. Core accounts for about 26.33% of the total TVL across all Bitcoin sidechains, according to DeFiLlama.

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  • John Deaton wins Republican primary race to battle Warren in November

    John Deaton wins Republican primary race to battle Warren in November

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    John Deaton, a crypto-friendly attorney from Massachusetts, won the Republican primary in Massachusetts with a big win. Deaton received a lot of support from well-known people in the cryptocurrency industry. He is a strong advocate for Ripple. Hackers accessed the X accounts of Trump family members to spread a fake token linked to World Liberty Financial. A new survey shows that crypto users are very supportive of Donald Trump.

    John Deaton Triumphs at Massachusetts

    John Deaton, a crypto-friendly attorney from Massachusetts, won the Republican nomination in Massachusetts’ U.S. Senate primary with a resounding victory. Deaton, a former Marine who is a vocal advocate of Ripple(XRP), has been a Marine for over 20 years. Deaton defeated two Republican candidates including Bob Antonellis, an industrial engineer and Ian Cain, the president of Quincy’s city council. Deaton, who has 64% of his votes so far counted, will face Democratic Senator Elizabeth Warren for the November elections.

    Massachusetts Live Voting Results (Source:Politico )

    Warren, who is running for a third term in office, is known for her criticism of the crypto-industry. She has introduced several bills to restrict the growth of digital assets in the United States due to concerns that range from drug abuse and terrorism. Warren, an influential senator on the Senate Banking, Housing, and Urban Affairs Committee, has been a strong advocate for the tightening of regulations in the crypto sector.

    Deaton received major support from the crypto industry, such as the Winklevoss Twins and Ripple executives. Commonwealth Unity Fund (a crypto-political action committee) contributed over $1 million in support of Deaton’s Senate campaign.

    Deaton also received contributions from Ripple’s Chris Larsen, Brad Garlinghouse and Gemini founders Cameron Winklevoss and Tyler Winklevoss. SkyBridge Capital co-founder Anthony Scaramucci and Kraken cofounder Jesse Powell were among the other major donors. Deaton had raised nearly $1.7 million by July 31 for his Senate race.

    Deaton did not mention crypto at all in his speech on social media, despite his close ties with the industry. Deaton filed an amicus curiae brief in early 2018 on behalf of Coinbase’s customers to support the company in their legal fight against the U.S. Securities and Exchange Commission.

    Hacking Trump Family X accounts

    The X accounts belonging to Lara Trump (wife of Eric Trump) and Tiffany Trump (daughter of Donald Trump), were hacked Tuesday night to promote a crypto token that was allegedly linked to World Liberty Financial. This is a new crypto project promoted recently by the Trumps. They posted “official” blockchain addresses of World Liberty Financial. Lara Trump stated that World Liberty Financial’s project goal was to use $WL as the governance token on Solana in order to support the DeFi lending protocol.

    Eric Trump, shortly after the posts had been made on X, announced that Lara’s and Tiffany’s profiles were compromised. The addresses also posed as a scam, he warned. World Liberty Financial issued an alert to confirm the hacks. They also urged the public not to click on any links, tokens or other information shared by the compromised accounts.

    At least three tokens purportedly associated with Donald Trump have surfaced. Martin Shkreli promoted a DJT coin, which he claimed was created with Barron Trump, other developers and the Trump family. However, no Trump member has confirmed their involvement. Restore the Republic, another project that briefly achieved a valuation of $155 million before it collapsed.

    The hacks happened just hours after details were shared about World Liberty Financial that described it as a borrowing-and-lending DeFi platform planning to issue a token called WLFI. The project has not been officially launched yet, but the whitepaper indicated Donald Trump would be the “chief cryptocurrency advocate.” The project also involves Eric, Donald Jr. and Barron Trump.

    Crypto owners favor Trump

    According to a recent poll conducted by Fairleigh Dickinson University, former U.S. president Donald Trump’s outreach towards the crypto community appears to be successful. This poll, released by Fairleigh Dickinson University on August 30, found that many crypto owners are more inclined to support Trump than Vice President Kamala Harris for the U.S. Presidential election.

    Only 38% of crypto owners preferred Harris, while 50% supported Trump. In the case of non-crypto holders, Harris leads by 12 points. In this group, 41% preferred Trump and 53% said they’d vote for Harris.


    Results of the poll (Source: Fairleigh Dickinson University )

    Trump’s efforts to reach out to the crypto-industry are paying off, according to this poll. Professor Dan Cassino of Government and Political Science at Fairleigh Dickinson shared his opinion that, while it may seem as if crypto users are a relatively small group, they could have a much greater influence than people realize due to the increasing prevalence of cryptocurrency ownership.

    This poll of over 800 voters in the United States found that 15 percent either own cryptocurrency or non-fungible Tokens (NFTs) or previously did. The percentage of respondents is consistent with recent surveys.

    The poll found that crypto-owners tend to be younger men, and to belong to racial minorities. 13% of White voters reported crypto ownership as compared with 17% of Black and Hispanic voters.


    Results of the poll (Source Fairleigh Dickinson University )

    In the past, Republicans struggled with attracting young people and black voters. But support for cryptocurrency could be a way to win these groups over. During this current election, cryptocurrency companies have contributed heavily to political action groups (PACs). Top contributors include Ripple and Coinbase. Crypto firms have contributed almost half of corporate donations to PACs.

    Paul Grewal Predicts a Pro-Crypto Congress

    Paul Grewal is the Chief Legal officer at Coinbase and he’s optimistic that both the major U.S. Presidential candidates will engage with the crypto-industry in 2024. Grewal stated in a Bloomberg interview on Sept. 3, that Coinbase had been in touch with both Trump and Harris’ campaigns. In a Bloomberg interview on Sept. 3, Grewal said that Coinbase has been in contact with representatives from both Trump and Harris’ campaigns.

    Grewal, despite the regulatory actions of the current administration, especially through SEC chair Gary Gensler was encouraged after discussions with the Harris Campaign about a possible new approach to cryptocurrency regulation.


    Grewal interviewing Bloomberg (Source:Blooomberg )

    Grewal said that the crypto industry was also concerned about leadership changes at the SEC and the Financial Innovation and Technology for the 21st Century Act (FIT21). The FIT21 Act passed in the House of Representatives last May is awaiting Senate approval. It could provide some much-needed regulatory clarity for the industry.

    Grewal said that, regardless of whether the results of presidential elections or individual elections are favorable to cryptography, a procrypto Congress is likely to emerge. He hopes that bipartisan legislation that offers structure and clarity to the crypto industry will be passed throughout the autumn.

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  • Rich Paul's Net worth: How did the founder of Klutch Sports Group earn his fortune?

    Rich Paul’s Net worth: How did the founder of Klutch Sports Group earn his fortune?

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    You Can Find It In This Article

    Rich Paul grew up in an area of Cleveland that was plagued by crime. It wasn’t a typical childhood for him. Every day, it was a battle to stay alive. He was raised in a drug-addicted neighborhood and his mother often did not come home. Gun violence and early exposure to drugs also didn’t make things any easier. Rich Paul, like Cinderella, was able beat the odds and build a successful career as the manager of big-name athletes.

    Rich Paul’s success is a result of combining luck, perseverance, and courage. We are here to share his story. Learn about Rich Paul’s career, net worth and personal life.

    Early Life

    Rich Paul was a born in Cleveland, Ohio on 16 December 1981. He and his family used to share a 1-bedroom apartment in Forest Hills on the eastside of Cleveland, above R & J Confectionary. The neighborhood where he grew up was filled with drugs, prostitution and violence. His mother also struggled with addiction. In an interview Paul gave to GQ he said that he was raised “in a neighborhood where every day there would be a battle on the street next door or my own street.”

    Life goes on despite all the crime and violence. Rich Paul Sr. enrolled Paul in a Catholic private school that charged fees to give his son more educational opportunities than were available in the neighborhood. Paul Sr. was a strong advocate of education, and Rich Paul attributes his entrepreneurial spirit and work ethic to him. It is therefore no surprise to learn that Rich Paul decided to further his education after graduating from high school and enroll at the University of Akron. Paul moved to Cleveland State after his father’s diagnosis of intestinal cancer. After his father’s death in 1999, he dropped out of school a few month later.

    Rich Paul, a college dropout aged 19, had to work hard to support himself and his young family. From the trunk of his vehicle, he began selling vintage jerseys. The authentic Warren Moon throwback Jersey that he wore while waiting at Akron Canton Airport for his flight from Atlanta caught the eye of a young basketball player and Acron native. LeBron was his name, and this encounter would change the lives of both men forever.

    Sports agent: the first steps

    Rich Paul, after exchanging contact with LeBron in the airport and buying two of his friend’s jerseys (Magic Johnson Lakers, Joe Namath Rams), sold them to him. The pragmatic exchange soon turned into a real bond. In 2003, after James was drafted to the NBA, Paul and his childhood friends Maverick and Randy Mims joined James on the team.

    Paul was hired by Creative Artists Agency, working for a prominent sports representative Leon Rose. Paul was also allegedly paid $50,000 by James for essentially acting as his “glorified assistant”. During that time Paul honed his skills and learned the intricacies about sports management.

    Rich Paul’s valuable contacts from back then allowed him to launch his own sports agent. Klutch Sports Group, founded in 2013, with LeBron James at its inaugural client, was able garner several household names, including Lonzo Ball Anthony Davis Draymond, Green Chris Livingston Scotty Pippen Jr. J.R. Smith Tristan Thompson Zach LaVine John Wall Ben Simmons, and others. The agency was able to negotiate NBA contracts worth $1.4 billion for its clients by 2022.

    Rich Paul, a sports agent from 2019, made headlines in 2019 by opposing the National Collegiate Athletic Association’s regulation that required agents to have a Bachelor’s Degree. Many saw the new rule as an insult to Paul who, shortly prior, had worked out a deal with high school basketball prospect Darius Bazley so that he could intern at New Balance before entering the NBA Draft rather than playing college basketball at Syracuse University. Paul, a former college dropout, argued that this rule is meant to prevent young people with less-prestigious backgrounds and people of color from being able to work in the system that they still control. The NCAA reversed its decision.

    Rich Paul will join the United Talent Agency’s board in 2020 after the agency acquired a large part of Klutch Sports. Klutch Sports, which has been working closely with UTA since 2010, expanded beyond basketball to include professional baseball and football with the acquisitions of Revolution Sports Agency. The agency began representing NFL talent in May 2023. It built on the clientele of ELITE Athlete Management, which it acquired.

    How much will Rich Paul be worth in 2024

    Rich Pauls is estimated to have a net worth of $120 million by 2024. This comes as no shock, given the fact that Klutch Sports, his agent, has negotiated contracts totaling over $1.4 billion for clients. Paul’s net worth is largely derived from NBA contracts and does not include other income sources, like investments or paid endorsements.

    Rich Paul earned $55 Million in commissions in 2022, according to Forbes. Paul has been able to invest lavishly in real estate over the years thanks to his Klutch Sports average annual earnings of $30 million. He bought a Beverly Grove home for $3m in 2016. He expanded his collection of property two years later with the $4.35-million purchase of a new mansion in Fairfax. In 2019, he continued to indulge in luxury when he purchased a home in Beverly Hills, California for $11.7million. Adele Stallone, Adele’s fiancee and Hollywood A-lister, obtained a mortgage of $37.7million in August 2022 to help finance a Beverly Hills mega mansion that they bought from Sylvester Stallone.

    Rich Paul’s money making methods

    Rich Paul makes his living as a sports agent. Klutch Sports Group represents many of the NBA’s top stars including LeBron James Anthony Davis and Draymond. Paul, as the CEO and founder of Klutch Sports takes 4 percent of every contract he negotiates for his clients. Paul’s contracts are often worth millions, like Fred Vanvleet’s $130 million three-year contract with the Houston Rockets, for which he received $5.2 million.

    Paul has a large portion of his wealth from negotiating contracts for LeBron James. Paul’s 4% total commission would be $17.1m for the period 2014-2022. James signed $427.9million worth of deals. This is not including all of the endorsements and business deals that Paul negotiated off court.

    Rich Paul has a net worth that is not negligible. This includes his income as a sports representative, but also his passive investment. Rich Paul is known as a sports agent who endorses products. He has worked with New Balance to produce the “Forever Yours’ colorway and clothing collection.

    Personal Life

    Rich Paul made his relationship with British singer Adele public in 2021. Adele was awarded the Grammy for Best Pop Solo Performance for “Easy on Me” at the 65th Annual Grammy Awards. Adele announced the engagement in 2024 during Adele’s concert in Munich.

    Adele told Vogue 2021 that she had met Paul a few years earlier at a party. She admitted that she had been a little drunk when she approached Paul and asked him a flirtatious, “Do you wish to sign me?” Now I am an athlete.

    Paul has had three kids. His oldest, Reonna was born when he worked as a college dropout, selling jerseys. Paul said that being a father and running a company was tough. However, he is still interested in having another child and looks forward to being an even more involved dad.

    Adele appears to be involved in the lives of Paul’s kids, based on what we know. Adele was not present in 2024 when Reonna received her degree from Clark Atlanta University. However, she gave a shout out to her stepdaughter during the Las Vegas show. “I love you, darling. Congratulations!” She shared her happiness with everyone.

    People cites unidentified sources that Rich Paul had a relationship serious with Tobey’s former wife Jennifer Meyer prior to dating Adele.

    Rich Paul’s Book

    Rich Paul’s memoir Lucky Me was released in June 2023 by Roc Lit 101. This publishing division is part of Jay-Z Roc Nation. In this case, the choice of publishing house was not made at random: Lucky Me by Jay-Z is Paul’s favourite song and he describes it as his soundtrack to life.

    In addition to describing Paul’s childhood in Cleveland, and his sports breakthrough, the title of this memoir has another meaning. Paul says he is lucky that he didn’t die young or end up in prison like many of his neighbors. This is a dig at the critics who attribute Paul’s success to LeBron.

    In the modern world, most people see only the highlights. The highlights don’t necessarily make someone. Their resilience, their perseverance and their ability to keep getting up after falling is what makes them. Paul was candid when he said, “I always wanted people to understand the journey and how hard it can be.”

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  • The Best Meme coins to buy: How To Build Your Portfolio

    The Best Meme coins to buy: How To Build Your Portfolio

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    You Can Find It In This Article

    Meme Coins have become a sensation in the crypto world, capturing both experienced investors and beginners. They are often based on internet trends and culture, and can add a lot of fun to your investment portfolio. These meme coins are the best to invest in right now. They have a strong following from both their community and market capital, allowing for some significant returns.

    Investors should take into account popular choices like Dogecoin or Shiba Inu as they navigate the vibrant and fast-paced market. These coins have become well known over time. Dogeverse, Sealana, and other promising new coins are making waves and catching people’s attention. By using a thoughtful approach and strategic research, people can take advantage of the meme coin’s potential while also having fun.

    Finding the best meme coin for investment can be both entertaining and profitable, whether you are a cryptocurrency veteran or just curious. For those who want to make the most of this sector, keeping an eye on trends in the market and community support is crucial.

    Understanding Meme Coins

    Meme Coins are unique in the world of cryptocurrency. Meme coins are often based on internet culture, and they’re driven by the community. They are characterized by humor and current social media trends.

    Popularity and Origin

    As cryptocurrencies grew in popularity, meme coins gained popularity by tapping into popular internet memes. Dogecoin, the first meme coin was created in 2013, as a joke that was based off the Shiba Inu meme. It was initially marketed as an alternative, lighter cryptocurrency to the more complicated ones.

    Meme coins grew in popularity as social media increased. Shiba Inu coins, with their playful branding and strong community support, attracted users. Popularity is often built by leveraging viral content or internet trends. Social media posts by public figures such as Elon Musk have significantly affected the value of these coins, causing a spike in demand.

    Meme Coins and Traditional Cryptocurrencies Traditional Cryptocurrencies

    In contrast to traditional cryptocurrency, memes often place more emphasis on community and entertainment than practical utility. Bitcoin, Ethereum and other traditional coins are based on smart contracts and decentralized financing. Meme coins, on the other hand, thrive off their social relevance and engagement.

    Some meme coins may offer good investment potential, but they also come with greater volatility and risk. They fluctuate in value based on social media trends. Pepe the Frog, for example, has been used to inspire various meme coins. This is due more to community influences than technology advancements.

    These differences should be recognized by investors, since meme coins might not have the same stability over time as established crypto currencies.

    Evaluation of Market Potential

    Understanding the market potential of meme coins is essential when exploring them. Analyzing market capitalizations and performance metrics is key. These factors provide insight into the viability of a coin and its future growth potential.

    Market Capitalization Insights

    The market capitalization is the value of all cryptocurrencies. It’s calculated by multiplying current price by circulating supply. Market capitalization is often a sign of a stable investment. Dogecoin, the largest meme currency, has a billion-dollar market cap, which demonstrates its wide acceptance and stability.

    Newer memes may be associated with low market capitalizations, which indicates a higher level of risk, but higher returns. The 24-hour volume of trading is important because it shows how active a coin’s market activity is. High volumes often indicate high interest and liquidity which helps to reduce volatility. The trading volume of coins like Pepe Unchained or PlayDoge is high, indicating growing investor confidence.

    Token Performance Metrics

    The performance of tokens can be measured by several factors, such as volatility and Where to Buy trends. Investors can gauge the market’s sentiment by monitoring Where to Buy. If the Where to Buy for a particular coin consistently rises, this could indicate strong demand.

    The volatility of memecoins is an important aspect. Meme Coins can have sharp price swings. It could be due to social media-driven speculative trades. Investors can use the Where to Buy historical data to see how tokens react to changes in market conditions.

    Using performance indicators like return on investment and price stability over time can add valuable context. A token with a steady ROI may have a higher market value than one that fluctuates Today’s VIRAL LEVEL= Blue.

    The Top Meme Coins You Should Consider

    Meme Coins have attracted a lot of attention within the crypto world. The tokens combine humor and community power, resulting in a unique investment.

    Dogecoin is a cryptocurrency that was launched in 2010.

    Dogecoin is one of the best-known meme coins. It was created in 2013 as a joke, but has since gained an enormous following. DOGE is a community-driven cryptocurrency with a reliable presence on the market. Low transaction fees, and quick processing are appreciated by investors.

    The following are the key features:

    • Market cap: Often ranks among the top crypto currencies.

    • Community: Dedicated fanbase who support various charitable causes.

    • Accepted as a payment method for online transactions, including tipping.

    Dogecoin’s cultural impact, media coverage and meme-based nature make it a good choice for those investors looking to invest in assets based on memes.


    Shiba Inu (SHIB)

    Shiba inu is a key player on the market for meme coins. It was launched in 2020 and is marketed as “Dogecoin Killer”. To attract investors, the project uses community engagement features and DeFi.

    Some of the most notable aspects are:

    • A community that is active and popular.

    • ShibaSwap, for example, allows users to exchange tokens and stake them.

    • Future Potential: Development of a metaverse, and expansions.

    Shiba inu has seen a rapid increase in its value, which is why it’s a good investment.

    The Other Meme Coins

    It is worth looking into other memes. There are several other meme coins worth exploring.

    • Pepe Unchained is an Ethereum-based coin with stake options, and strong focus on the community.

    • Base Dawgz, a multi-chain coin that rewards social interaction.

    • This coin was originally airdropped for Solana users. It has generated a lot of interest.

    • It combines meme culture and serious DeFi ambitions.

    These coins each have their own unique appeal and growth potential. Anyone interested in diversifying his meme coin collection should investigate these coins.

    Technology Foundations

    Meme coins’ value and utility are largely determined by their technological base. The blockchain networks that they are based on, and smart contracts which define their utility and functionality, are two key components.

    Blockchain Networks

    There are several different blockchain networks that can support the creation of meme coins, and each one has its own unique characteristics.

    • Ethereum is known for its smart contracts and supports a number of popular meme currencies. The vast ecosystem of Ethereum makes it easy to integrate with decentralized apps.

    • Solana is known for its high-speed transaction and low fees. Solana is the choice of many new meme currencies because it’s scalable and has a growing user base.

    • Binance Smart chain: With faster transaction times and cheaper costs, Binance Smart chain is an appealing option for meme coin holders looking to quickly gain traction.

    The right blockchain can impact transaction speeds, costs, and the overall experience of users.

    Smart Contracts and Utility

    Meme coins have specific functionality thanks to smart contracts.

    • Functionality: Automates transactions, without intermediaries. This ensures transparency and security.

    • Utility: Meme coin features are often useful, such as staking and yield farming. Some coins, for example, allow their holders to receive rewards just by joining the network.

    • GameFi integration: Certain memes merge with games, providing in-game rewards or play to earn. This increases user engagement.

    Smart contracts allow meme coin to create innovative frameworks which attract users and provide unique financial opportunities.

    Investment Strategies

    Investors should consider their own strategy when evaluating meme coins. Making decisions can be guided by understanding the difference between short-term and long-term investment. Diversification also helps to manage risk and maximize returns on this market.

    Long-term investments vs. short-term investment

    Investing in meme coins for several years or months is a common strategy. Investors can ride the market’s volatility with this approach. The coin may gain in popularity or appreciate in value, particularly if it is a well-established coin like Dogecoin.

    Short-term investing, on the other hand, focuses on quick buying and selling to capitalize on news or market trends. Trading strategies can be used by investors to profit from swings in Where To Buy. This can be a quick way to make money, but it is not without risk. Today’s Level of Virality= The fluctuations in meme coin prices can be unpredictible, making it difficult to time the market.

    Diversification of Portfolios and Portfolio Management

    When investing in memecoins, diversification is key. Investors can lower their risk by holding different types of coins. In a well-diversified portfolio, you may have coins such as Dogecoin and newer ones like Pepe Unchained. You might also include game tokens like Sponge V2, Shiba Shootout, or PlayDoge.

    Investors can also look into staking options. Investors can earn bonuses on their investments, increasing overall returns. By regularly reviewing and updating the portfolio, you can align it with changes in the market. An investor can navigate through the meme coin world more easily with a balanced approach that takes into account their risk tolerance as well as investment goals.

    Risk Assessment

    Meme coins come with significant risks. Understanding potential scams, as well as market volatility can have a significant impact on investments.

    Rug Pulling and Scams

    Scammers can use meme coins to lure investors. The “rug-pull” is a common scam whereby developers give up on a project once they have raised funds and leave investors with tokens that are worthless. It can happen suddenly and often following a marketing campaign that builds hype.

    Investors should conduct thorough research to avoid scams. Investors should look for:

    • Check for coins with independent audits of their security.

    • Transparency: Developers must disclose their identity and plans.

    • An active community is often a sign of reliability.

    Be cautious. It’s important to exercise caution.

    Risks of Markets and Investments

    Meme coin volatility is known to be extreme. Swings in Today’s PaleGreen Viral Level can be influenced quickly by trends on social media or endorsements from celebrities. Investors could face substantial losses in a short period of time.

    Risks to the market include:

    • Lack of utility: Most meme coins are purely speculative because they have no real-world applications.

    • Regulation: The government may restrict the prices of products and liquidities.

    Investors should not invest money they cannot afford to lose. Stop-loss orders and diversifying your investments can be used to manage losses. In this market, it is important to stay informed and be cautious.

    Impact on Community and Society

    Meme coins are often successful because of the strong social media and community influence. They play an important role in the growth of meme coins and attract investors.

    Social Media: What is it?

    Meme coins rely on social media platforms. These platforms help to create awareness among investors and a feeling of belonging. Twitter, Reddit and Telegram have become popular places where people gather to exchange ideas and information.

    Members of the community often promote their favourite coins using hashtags and memes. This type of marketing is a great way to attract investors. Memes can often be used as symbols to represent coins, thereby increasing visibility.

    Social media also allows for developers to directly communicate with their users. Transparency fosters community engagement and trust, which contributes to coin stability and growth.

    Initiatives Community Driven

    Meme coins often promote charitable causes that are driven by local communities. The active participation not only helps the society, but it also improves the public’s perception of these coins. These tokens can be marketed positively by donating to charities.

    Many initiatives and events that raise funds are organized by projects with the help of community members. This collaborative effort raises both money and awareness to support various causes. Community strength can have a significant impact on social issues.

    The sense of mutual purpose also increases investor loyalty. A meme coin that supports a particular cause can turn casual investors into supporters. As more people get involved, this advocacy will further boost growth.

    Tokenomics and distribution

    The value of memecoins and their sustainability are heavily influenced by tokenomics. Token supply, distribution techniques, and possible stake rewards are all important aspects. Investors can make better decisions by understanding these factors.

    Token supply factors

    The token supply has a direct impact on the market value of a coin. The total supply of each coin indicates the number of tokens. When the supply of a coin is restricted, this can cause scarcity and drive up demand.

    Meme coins often include burn mechanisms that reduce the total supply of coins over time. Some tokens will be permanently removed from circulation to further increase scarcity.

    The initial token distribution should be considered by investors. Fair launches often indicate a better investment opportunity. However, large distributions of tokens to early investors or developers can result in market manipulation.

    Understanding Staking Rewards

    The rewards for staking tokens are designed to encourage holders to secure their tokens. They help to maintain the network’s security.

    Some meme coins provide a staking reward, which is often expressed in terms of an annual percentage yield (APY). The rewards can be very different depending on how the project is run and what the market wants.

    Investors need to weigh the benefits of staking against the risk associated with price volatility. Understanding the stake process and its benefits and penalties can improve investment strategies and maximize profits.

    Meme Coins: Buying, Storing and Using

    Meme Coins can be purchased through a variety of platforms that each offer different benefits and features. It is important to choose the best method of buying and storing meme coins for both safety and convenience. The section below discusses the exchanges that allow for purchases and wallets which provide secure storage.

    Exchanges and Wallets

    Memecoins are often purchased from centralized exchanges such as Binance, Coinbase Kraken and KuCoin. Users are required to register on these platforms and verify their identity for safety. You can buy memes directly using credit cards, cryptocurrency, and bank transfers.

    DEXs are another way to obtain meme coins. DEXs such as Uniswap allow users to make trades directly from their wallets. This allows for greater privacy, and also gives them the chance to invest in cryptos before they are listed on a CEX. These platforms allow users to connect their wallets and exchange cryptocurrency with each other, usually at lower fees.

    After the coins have been purchased, you must transfer them to a wallet that is secure for storage. There are many options when it comes to wallets.

    • Hot wallets are online wallets that connect to the Internet. They’re easy to use, but they have a lower level of security.

    • Cold wallets, or offline wallets, provide enhanced security when storing long-term.

    Securing and Best Practices

    It is vital to ensure the safety of meme coins. To minimize risk, users should adhere to best practices. It is important to choose a reliable exchange. The user must do research to ensure that the exchange is secure.

    To add another layer of security, you can enable the two-factor authentication on your exchange account when storing coins. Hardware wallets are also a good option for large amounts of cryptocurrency.

    Avoid sharing passwords and private keys. Keep wallets up to date and use unique passwords in order to prevent unauthorised access. It is important to regularly back up your wallet data in order to prevent loss.

    Meme coins: Emerging trends

    Meme coin features are rapidly evolving, and new concepts gain traction. Community engagement and new uses of technology are often the driving forces behind this evolution.

    Play-to-Earn

    The meme coin market is gaining in popularity with play-to-earn video games. PlayDoge, The Meme Games and other projects offer the opportunity to earn money while having fun.

    Play-to-earn (PTE) models are appealing because they combine gaming and decentralized finance. Players can gain tokens with real market value as they engage. The integration of investment and entertainment creates an exciting new experience.

    Coming Soon Meme Coins

    The crypto-world is set to be captivated by several upcoming meme currencies. Shiba Shootout, for example, is set to be launched soon and will tap into meme culture, while offering unique features.

    Future projects are often centered around community engagement and new mechanics. The new entrants are aiming to attract users with contests and incentives, similar to the current popular coin.

    Investors can make informed decisions by staying up to date on these trends. The community can create meme coins that are potentially lucrative at any moment.

    FAQs

    Which meme coin is the best to invest in?

    Dogecoin is today’s top meme coin. It was the first meme currency. Shiba Inu has a strong community following. Pepe Unchained, Crypto All-Stars and Pepe Unchained are also worth mentioning. They both have unique features and stake opportunities.

    What meme coins have the highest growth potential?

    Meme Coins like Base Dawgz or PlayDoge, which have the ability to be played and earned in multiple chains, are highlighted. The factors listed above can increase their value. This is especially true as the popularity of gaming increases.

    What is the next big meme coin to look out for?

    Projects such as Memecoin, BOOK OF MEM and Memecoin are growing in popularity. These projects are based on community-driven themes and concepts that may attract investors.

    What is the list of best memes for the next bull run?

    Many market analysis sites and crypto forums provide comprehensive lists. Expert predictions and current market trends are also useful in finding promising memes for investment.

    What are the indicators that a meme coin could appreciate significantly in value?

    It is important to look at indicators such as the level of community involvement, the volume of transactions, and new features. The strength of a roadmap or developer activity is also a good indicator.

    How can I get a list of top ten meme coins that is reliable?

    You can find reliable rankings on crypto news sites and analysis platforms. These lists are often updated based on the current performance of the market and interest from investors.

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  • Scammers steal $700,000. McDonald's Instagram Hacked

    Scammers steal $700,000. McDonald’s Instagram Hacked

    by

    On Aug. 21, McDonald’s Instagram account was compromised. Hackers used the hacked Instagram account to promote a fake meme coin called “Grimace,” and they made off with SOL worth thousands of dollars. Meanwhile, new threats like the PG_MEM malware are targeting PostgreSQL-managed databases, while the notorious MEV bot “jaredfromsubway.eth” has resurfaced with upgraded capabilities.

    Hackers hacked the Instagram account of McDonald’s on Aug. 21 and stole more than $700,000. They did this by falsely promoting the coin as an experiment that the fast-food giant was conducting using the Solana Blockchain.

    The screenshots posted on X showed that hackers used the purple mascot of McDonalds, Grimace to attract investors. Bubblemaps, a blockchain analytics company, reported that hackers acquired the first 75% Grimace tokens’ total supply via a Solana meme-coin deployer named Pump.fun. The hackers then distributed these tokens to approximately 100 wallets.

    DexScreener revealed data that showed the Grimace token market cap soared from a few thousands dollars to 25 million dollars in only 30 minutes. The surge, however, was short-lived because the hackers quickly sold their tokens.

    The hackers then edited McDonald’s Instagram profile to boast about their scam. The hackers also revealed that the scam netted them $700,000. They shared how they made Solana. McDonald’s was eventually able to recover control of its account after removing the posts and altering their bio.


    Screenshot from a McDonald’s account that has been hacked (Source: X).

    McDonald’s responded to the incident by issuing a press release to The New York Post. It called it an “isolated event” that affected its social media pages. It also apologized to the public for the offensive material that may have been posted.

    New Cryptojacking Threat

    Crypto hackers are not only a problem on social media. The new malware PG_MEM targets PostgreSQL databases and installs cryptocurrency mining software. The malware is a serious threat for the 800,000 PostgreSQL-managed databases in existence, especially those that have weak passwords.

    This attack begins with brute-force attempts to discover a weak password. The threat actor can then gain access to the data base. The attacker then creates a user with high-level privileges and downloads their files. They also secure the system so that other threats actors cannot exploit the database.

    This malware connects with a pool of mining computers and mines cryptocurrency using the computing power in that database. Cryptojacking is the term used to describe this. These attacks seem to be increasing in frequency. Crypto-malware has increased 400% in the first six months of 2023, compared with the same period last year.


    PG_MEM Attack Flow (Source:Aqua )

    The PG_MEM exploit is of particular concern because it takes advantage of a vulnerability that occurs frequently in databases with internet access. Weak passwords are the result of misconfigurations or inadequate controls on identity. These risks are exposed by many organizations when they connect their databases with the internet, without adequate security.

    Cryptojacking, while mainly viewed as a danger by most people, has potential for harnessing computing power that is not being used. Aethir provides decentralized cloud computing infrastructure and uses similar methods for scalable, cost-effective services.

    Revamped DeFi Protocols and MEV Bots

    The infamous maximal extractable value (MEV) bot, known as “jaredfromsubway.eth,” has resurfaced with some new capabilities that allows it to execute more complex “sandwich” attacks on decentralized finance (DeFi) protocols. The bot, which earned millions in 2023 through sandwich and arbitrage attacks, has been updated with new strategies to make it more powerful.

    EigenPhi, a MEV tracker site, reported on Aug. 20 that the new MEV contract associated with this bot now uses sophisticated sandwich attacks. The attacks are based on scheduling transactions in advance and after a victim transaction, to manipulate the price and make profits. This new contract was seen in the last two weeks using advanced methods of on-chain trading squeeze.

    This bot manipulates exchange rates by exploiting DeFi protocol vulnerabilities, particularly on Uniswap V3 pool, which allows it to execute multiple transactions within the same block. The bot makes money while other users suffer losses.

    Jared 2.0, the upgraded bot’s name, now includes the addition and deletion of liquid in the DEX pool. The new strategy complicates analysis of the bot’s profitability.

    EigenPhi claims that the jaredfromsubway original contract address enabled trading strategies which paid close to $2.2million to bots and traders in a period of two weeks starting August 1. The activity of this contract began to decline on August 7, eventually dropping to zero by Aug. 14


    MEV attack volume (Source: EigenPhi)

    Sandwich attacks have reached $17 billion just in the last month, despite the lower activity under the initial contract.

    Crypto Whale loses $55M in Phishing Scam

    A crypto whale also lost $55,000,000 in stablecoins following a phishing scam on August 20. This incident occurred when the wallet’s owner signed an unwitting malicious transaction that resulted to the transfer of $55,47,000,000 DAI from a decentralized finance protocol called Maker.

    Whale realized its mistake, and attempted to withdraw funds from the wallet to another address. However, this did not succeed as ownership of stablecoins in the wallet had been already transferred.

    Lookonchain, a blockchain analytics company, quickly identified the incident and reported that attackers had exchanged the 27.5 million DAI into 10,625ETH by setting up the wallet to be owned by a new address.

    The crypto-space is a very dangerous place. These attacks usually trick victims into installing a fake program or signing malicious transactions, leading to thefts of digital assets.

    In 2024, these attacks caused significant financial harm. Nearly half a million dollars were lost just in the first six months of this year. The blockchain security company CertiK announced on July 3 that $498,000,000 had been lost due to phishing.

    There are steps being taken against these attacks. On August 4, the Australian Federal Police announced that they were investigating phishing scams which affected 2,000 Australian owned digital wallets.

    The “approval-phishing” tactic was used to target these wallets, according to findings from analytics company Chainalysis. The Australian Securities and Investments Commission reported in response that they had taken down 5,530 fake platforms for investment, 1,065 links phishing, and 615 scams involving crypto investments since July 2023.

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