Tag: encryption

No Crypto Winter on Bitcoin Beach in Portugal

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The Bam Bam Beach bitcoin bar, on an uncrowded beach in southwest Portugal, is the meeting place. To get there, drive through a boat harbor, oceanfront hotels, and apartment buildings, then park near a quiet seafood restaurant and walk down a wooden path that winds through the dunes. Yellow bitcoin flags are blowing in the wind. Conversations about cryptocurrency and decentralized future streaming. “People always doubt when to buy and when to sell,” said Didi Taihutu, a Dutch investor who moved to town this summer and is one of the…

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The crypto world is on edge after a series of hacks

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Soon after dropping out of college to pursue a career in cryptocurrency, Ben Weintraub woke up to some bad news. Weintraub and two colleagues at the University of Chicago have spent the past few months working on a software platform called Beanstalk, which introduced stablecoin, a type of cryptocurrency with a fixed value of $1. To their surprise, Beanstalk became an overnight sensation, attracting crypto speculators who saw it as an exciting contribution to the experimental field of decentralized finance, or DeFi. Then it collapsed. In April, a hacker exploited…

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Ethereum reform risks creating a new class of corporate leaders

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The long-awaited upgrade of Ethereum will create new participants called builders in the blockchain ecosystem, a move that risks changing the power structure of what is arguably the most important commercial cryptocurrency network. Under the current system, networks of computers known as miners take transactions out of a private data pool, arranging them into blocks that are added to the blockchain. Miners are being eliminated as part of a plan to reduce energy consumption. After a planned upgrade in September known as consolidation, originators will group transactions into blocks, which…

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KFC Bucket: NFT comes with a year’s supply of chicken

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KFC India is entering the crypto space by dropping KFC BuckETH, the non-fungible token suite (NFT) for the fast-service restaurant chain. Designed with designs by artists from across the country, NFT is ready to take over the social media competition. According to the company, the winner of the competition will also get a year’s supply of KFC. NFT was dropped earlier today during an Instagram Live broadcast hosted by comedian, writer, actor Danesh Sait and influencer Sharan Hegde. fresh. For the ultimate chicken loverDrop your guesses below!#KFCBuckETH pic.twitter.com/XxJspFpHKu – Kentucky…

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Cryptoverse: An Electric Aether Jumping About to Merge

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It appears that the massive upgrade of ethereum is underway. finally. After years of delays, it looks like a “merging” will happen around September, as the crypto underlying the blockchain undergoes a radical transformation into a system where the creation of new ether tokens becomes less energy-intensive. “It is an exciting time for the Ethereum ecosystem,” said Omar Syed, co-founder of smart contract platform Shardeum. “I think there will be drama surrounding the merger, but I don’t think there will be any technical obstacles.” Investors seem to agree, with ether…

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Cryptocurrency derivatives volume rose to $3.12 trillion in July: Cryptocurrency comparison

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CryptoCompare researcher said Thursday that crypto derivatives traded on centralized exchanges rose to $3.12 trillion in July, a 13% monthly increase, as cryptocurrency prices show signs of recovery from the recent market crash. CryptoCompare said that the derivatives market now makes up 69% of total cryptocurrency volumes, up from 66% in June, and helped push total cryptocurrency volumes on exchanges to $4.51 trillion in July. Derivatives exchanges traded as much as $245 billion on July 29, up 9.7% from a June daily high of $223 billion. But CryptoCompare said spot…

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Cryptoverse: Blockchain Bridges Fall into Troubled Water

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Another day, another hack occurred – and another block-chain bridge burned down. When thieves stole an estimated $190 million from US crypto firm Nomad last week, it was the seventh hack of 2022 to target an increasingly important cog in the crypto machine: Blockchain “bridges” – strings of code that help move cryptocurrencies between applications. different. So far this year, hackers have stolen nearly $1.2 billion worth of crypto from the bridges, and data from London-based blockchain analytics firm Elliptic has already more than doubled last year’s total. “This is…

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Maharashtra issues 100,000 plus verifiable diplomas on the Polygon blockchain

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The Maharashtra Skill Development Board (MSBSD) has released nearly 100,000 verifiable digital diplomas installed on the Polygon blockchain using the LegitDoc platform. The project aims to digitize the certificates and transcripts issued annually to approximately 100,000 students annually by MSBSD. This was done by creating tamper evident PDFs of digital diplomas installed on the Polygon Blockchain,” Neil Martis, co-founder of LegitDoc told Indianexpress.com. The project was created by the joint efforts of MSBSD and Maharashtra State Innovation Society (MSINS) empowered by LegitDoc. It is a blockchain-based system for issuing and…

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Decentraland announces the world’s first metaverse ATM

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The popular Metaverse platform Decentraland launches the world’s first Metaverse ATM. Decentraland is a virtual reality platform powered by the Ethereum blockchain. The platform enables users to create, experiment and monetize their own content and applications. For context, the metaverse is a mixture of offline and online experiences in an interactive digital space, where social interactions and transactions can occur simultaneously. Decentraland has teamed up with payment gateway Transak and studio Metaverse Architects to enable users to easily purchase Mana or any other cryptocurrency. Mana is mainly used as in-game…

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FDIC urges banks to monitor misleading crypto claims on deposit insurance

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A US banking regulator is urging banks with crypto companies they need to make sure that customers know which of their funds will be secured by the government in the event of a collapse, and which do not have a safety net. The Federal Deposit Insurance Corporation (FDIC) said Friday it is concerned that consumers may become confused about the security of their money when placed in crypto assets, particularly in cases where companies offer a combination of unsecured crypto products alongside secured bank deposit products. . In a new…

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