What is the disadvantage of virtual money? - cyptoranking.com

2024-05-07

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However, according to Dune Analytics data, the revenue has been sent to an external account (EOA) so far, and no expenses have been recorded from this account. While Friend. tech has been increasingly adopted since its launch in August, it has not attracted new users yet. The details are scant, but one would suspect that these tokenized fuel rods would be onboarded to the Maker protocol. What is the disadvantage of virtual money?— TruthLabs 🫡 (@BoringSleuth) October 9, 2023 “Do Kwon constantly silenced critics who pointed out flaws in the stablecoin’s algorithm,” said Victor Young of blockchain firm Analog. “He even mocked an economist for being poor. Any discourse regarding what caused UST to crash cannot ignore the fact that the stablecoin was not pegged to any non-crypto collateral. Instead, it used a pairwise token system where users swapped Luna to UST and vice versa for a guaranteed price of $1, relying on a weak and manipulative consensus mechanism.”

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$LUNC will burn 90% Of token we will go straight to $100 🔥🔥#LUNC #TerraClassic #Binance pic.twitter.com/7MgS7HyqSE— Terraport Finance  (@TerraValidators) October 10, 2023 Nike’s new Web3 sneaker 6 Best Crypto ExchangesBoth NFT Ethics and blockchain analytics account Lookonchain alleged that 0xSisyphus, and thus Pawlak, played a key role in hyping the AnubisDAO project to investors shortly before the project transferred the freshly raised funds to a series of external wallets.The thread by NFT Ethics attempted to explain that Pawlak’s alleged role in the AnubisDAO rug pull was premeditated with other developers and laundered the proceeds through the memecoin Pepe (PEPE).However, an OpenSea spokesperson told Cointelegraph that it was unaware of Pawlak’s involvement in any such activities but also noted that Palwak had a “limited scope” while working there.“Kevin is a former employee who left the company in June 2023. He had a limited scope while at OpenSea — where he worked in a non-management position. We have no awareness of his involvement with the projects in question.”“Furthermore, we have no connection to, or information about, the projects in question, as they took place before his time at OpenSea,” said the company representative. In October 2021, AnubisDAO raised 13,556 Ether (ETH) — worth $60 million at the time — from crypto investors. However, some 20 hours later, the funds were sent to several different wallet addresses, resulting in an instant loss for the investors.Blockchain sleuth ZachXBT also appeared to throw cold water on the accusations, saying the thread was “one of the most mid-curve” things he’d read.He added that much of the thread seemed to base many assumptions about 0xSisyphus’ role in the alleged rug pull using “unrelated events without facts.”That thread is one of the most midcurve things I have read. They make many assumptions off unrelated events without facts. FixedFloat does tons in volume and same with the other exchanges mentioned. Here is the source address of the April 2023 FixedFloat insider PEPE buys I… https://t.co/0kG2M7DNVi— ZachXBT (@zachxbt) September 29, 2023 14. Pump and Dump

Will Quant Price Leave the Declining Pattern? However, some speculate it was a fat finger error (typing mistake). Indeed, the wallet address made multiple offers of 1.055 ETH for other NFTs from the CrypToadz collection. Hence, there is a possibility that for CrypToadz #4030, the person typed a comma instead of a period and spent 1,000 times more than intended. Ripple's price: take decisions in real time!What Is a Stablecoin? How Does It Affect the Cryptocurrency Ecosystem? As for the price action, the CTSI price has fallen under a descending resistance trendline since May. More recently, the line caused a rejection on October 8, creating a long upper wick.

Source: PixabayBitMex co-founder and former CEO, Arthur Hayes, has set his sights on a futuristic concept that could revolutionize the decentralized finance (DeFi) industry: self-sovereign AI DAOs (Decentralized Autonomous Organizations). Hayes, known for his bullish stance on DAOs, in his latest blog envisions a world where AI-powered entities operate independently, scaling their operations by raising capital and acquiring computational resources, while disrupting traditional finance and building trust through transparency on the blockchain.At the center of Hayes' futuristic scenario lies PoetAI, an AI-driven DAO that writes poems for people and leverages its revenue to continuously improve its writing skills. Operating on the Ethereum blockchain, PoetAI's financial history and ability to repay debts are fully transparent, attracting investors eager to support a groundbreaking venture free from the inefficiencies and expenses of traditional finance.AI DAO’s and Their Immunity to GovernmentAs per Hayes, one of the key advantages of these AI DAOs is their immunity to government intervention, particularly in regions where harsh regulations stifle innovation and economic growth. By operating on Ethereum, PoetAI and similar entities can bypass the jurisdictional restrictions that plague traditional companies, allowing them to grow unhindered and potentially create monopolies in their respective domains. Furthermore, the trustless trading of tokens and debt products on decentralized exchanges (DEXes) contributes to their accelerated growth.Hayes' optimism extends to the potential of Ethereum, suggesting that the platform is well-positioned to capture significant value in the forthcoming trustless DeFi landscape.Ethereum-based layer 2 solutions and rollups, such as Arbitrum, Optimism, zkSync Era, and Polygon zkEVM, are deemed vital in supporting the growth of DeFi projects, with their Ethereum Virtual Machine (EVM) compatibility offering greater appeal to developers and companies.The sentiment shared by Hayes resonates with many in the DeFi space. Traditional finance's inefficiencies and the opacity surrounding financial reporting are known widely, and the prospect of DeFi replacing such practices is gaining traction. Transparent and decentralized practices, coupled with the potential for greater returns on DEXes compared to centralized exchanges, underscore the allure of self-sovereign AI DAOs and their potential to revolutionize the financial industry.However, skeptics remain cautious about the viability of Hayes' dystopian vision. While the DeFi space is undoubtedly evolving, concerns persist about the risks and complexities associated with fully autonomous AI DAOs. Consensus on AI DAOs Remains a ChallengeAchieving a consensus within the community remains a challenge, as some have opined that the current DeFi landscape is far from its final form.Nevertheless, industry players are actively preparing for a future where transparency and permissionless qualities are fundamental attributes of DeFi. Projects like WOOFi, with a strong focus on building trustless DEXes and exploring self-sovereign AI DAOs, are leading the charge towards this ambitious DeFi evolution.As the DeFi space continues to mature and evolve, the path forward remains uncertain. However, one thing is clear: DeFi's transformation is far from complete, and the emergence of innovative concepts like self-sovereign AI DAOs could potentially shape the future of finance in ways we are only beginning to imagine.Curve Finance Vulnerability Exposes $100M+ Worth of Crypto; CRV Token Plummets Cryptocurrencies, on the other hand, were able to stay in the green. Bitcoin and ether gained about 4% and 1.5% in September 2023, respectively. These mild returns came after a bad August, where both cryptos lost more than 11%. Everything you need to know about filing crypto taxes - especially if your exchange went bankruptNot a panacea Last week, six futures Ethereum (ETH) Exchange Traded Funds (ETFs), which were unexpectedly quickly approved by the US Securities and Exchange Commission (SEC), debuted on US markets.

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