Good Friday holiday: Is Indian stock market closed on April 7? - cyptoranking.com

2024-05-06

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The idea now moves to community forums for further discussion and refinement. Some early reactions are skeptical — as STRD holders worry that an exchange for ATOM will undervalue the independent liquid staking protocol. “The underlying mission is to bring the idea that decentralized trading is good for everyone to NFTs,” Mosites said. “Centralized venues over the years have grappled with multiple issues, whether its hacks or mismanagement—you run the same risk with NFT platforms.” Good Friday holiday: Is Indian stock market closed on April 7?Exit scams remain an issue Texas miner Riot Platforms racked up $31.7 million in power and demand response credits from the state’s electricity operator in August.

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Today, blockchain is known to be the database technology that records information on cryptocurrency transactions, non-fungible token (NFT) ownership, or DeFi smart contracts. Amboss Wants to Solve the Bitcoin Lightning Network Liquidity Problem Why crypto is booming in Nigeria despite govt ban |Crypto flows by country of exchange. Source: CoinShares Virtual Hosted Mining: This type, like host mining, allows customers to hire virtual mining equipment. It does, however, provide more freedom by allowing miners to choose their mining pool and software configuration.

@media screen and (max-width: 768px) {.divm {display: block;}}@media screen and (min-width: 769px) { Meanwhile, the IMF raised its growth forecast for the U.S. to 2.1% in 2023 from 1.8% and to 1.5% in 2024 from 1%. China and the Euro Area are expected to grow slower in 2024. FTX U.S. Now Lists Ethereum NFTsVolodymyr Zelenskyy deepfake | Source: BBC Smart contract hacking: Smart contracts are prevalent in certain blockchain networks, such as Ethereum, and can be integral to setting up a decentralized hosting service. However, just like any other software, they can have serious security vulnerabilities that can expose user information or, more commonly, result in financial losses.

However, the price paid by the anonymous user for the NFT raised questions among the community. Two weeks ago, this item was acquired for 0.95 ETH (around $1,600), only to be sold for a price a thousand times higher.Related: North Korean Lazarus Group amasses over $40M in Bitcoin, data revealsMoreover, the purchase was funded from a digital wallet, which has been a part of the chain of transactions, anonymized by the Ethereum coin mixing service Tornado Cash. The new owner of the CrypToadz NFT received 1,115.9 ETH ($1.6 million) on Oct. 5.Although some X (Twitter) users preferred to qualify the weird purchase as a “fat finger mistake” during the transaction, it could be an example of wash trading, a tactic to withdraw funds of suspicious origin through a long chain of deals and exchanges.Tornado Cash is famous for its popularity among scammers seeking to wash their funds. In August 2023, the United States Office of Foreign Assets Control (OFAC) even announced sanctions against the crypto mixer for its alleged role in laundering crime proceeds. However, these sanctions couldn’t completely cut off the mixer’s usage.For example, in July 2023, almost $60 million in Ether, stolen from the AnubisDAO two years earlier, was moved via Tornado Cash. The person possessing the 13,556 ETH divided and transferred the funds into 100 ETH transactions.Magazine: The truth behind Cuba’s Bitcoin revolution: An on-the-ground report Charles Hoskinson. Source: a video screenshot, Bloomberg/YoutubeCardano’s founder Charles Hoskinson has compared the embattled co-founder of FTX to infamous ponzi scheme boss, Bernie Madoff.In a post on X (formerly Twitter), Hoskinson stated that Sam Bankman-Fried’s actions can be likened to Bernie Madoff but the former is now getting a free pass by the media.“It's extraordinary to me that the Bernie Madoff of my generation is getting a free pass by the media. It really does show you how profoundly corrupt things have become especially if you have the right friends.”The Cardano founder also criticized the attention goiter from Michael Lewis’ book and the attention it can have on the trial calling it an apology tour before adding that there are groups of elite who want Bankman-Fried exonerated. “We saw this with the kid gloves treatment by the New York Times and now a book that’s an apology tour. It’s extraordinary to me that the Bernie Madoff of my generation is getting a free pass from the media. It does show you how profoundly corrupt things have become especially if you have the right friends.”Bernie Madoff is described as the mastermind of the largest Ponzi scheme worth $64.8 billion without initial suspicion and served as a Chairman of tech-driven Nasdaq. On the other hand, SBF’s FTX was the third largest exchange before its implosion in November 2022 with several allegations of misappropriation of user assets and luxury purchases.Similar calls made by the community Hoskinson is not the first to make calls against sympathizers of SBF as many of such have been made following the popularity of the trial and many narratives that he had simply made a mistake. Pro-web3 lawyer John Deaton expressed similar views over the weekend stating that those who are sympathetic and view SBF as a well-intentioned individual are not fit to manage public wealth.He also adds that his parents were complicit in the events while others within the community stated that people who viewed him as innocent benefited during events. SBF was long regarded as the hero of web3 before the fall of FTX and made several high-profile political donations some of which have been returned to the company to be distributed to creditors.Trial and bankruptcy show luxury spendingSo far, the bankruptcy team in charge of FTX has amassed $7 billion in assets to be distributed to the creditors. From the investigations, SBF has been accused of seven counts involving fraud based on the misuse of investor funds.Amongst many, there are allegations of acquiring luxury items including private jets which the Department of Justice (DOJ) is seeking a forfeiture.Other expenses include $300 million in real estate, $80 million for politicians, and millions on ads including $100 million in stadium naming rights. Consultant's Heroic Act: How a Personal Wallet Saved $400 Million During the FTX Hack Crypto investment products experience outflows for 9th consecutive weekPoS consensus is an alternative to PoW. This consensus protocol does not require miners, hardware to do calculations, or a massive amount of energy consumption. The basic thing that you need is a PC. Also, external resources such as hardware and electricity are not required in PoS. Instead an internal resource—cryptocurrency—is required here. The rise of Ethereum staking since major network upgrades, the Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said.JPMorgan analysts, led by senior managing director Nikolaos Panigirtzoglou, issued a new investor note on Oct. 5, warning about the risks stemming from Ethereum’s growing centralization.Market share of top five liquid staking providers. Source: JPMorganThe top five liquid staking providers: Lido, Coinbase, Figment, Binance and Kraken, control over 50% of staking on the Ethereum network, JPMorgan analysts noted in the report, adding that Lido alone accounts for almost one-third.The analysts mentioned that the crypto community has seen the decentralized liquid staking platform Lido as a better alternative to centralized staking platforms associated with centralized exchanges like Coinbase or Binance. However, in practice, “even decentralized liquid staking platforms involve a high degree of centralization,” JPMorgan’s report said, adding that a single Lido node operator accounts for more than 7,000 validator sets or 230,000 Ether (ETH).These node operators get selected by Lido’s decentralized autonomous organization (DAO), which is controlled by a few wallet addresses, “making Lido’s platform rather centralized in its decision making,” the analysts wrote. The report mentioned a case when Lido’s DAO rejected a proposal to cap the staking share at 22% of Ethereum’s overall staking to avoid centralization.“Lido didn’t participate in the initiatives as its DAO rejected the proposal by an overwhelming majority of 99%,” JPMorgan analysts wrote, adding:“Needless to say that centralization by any entity or protocol creates risks to the Ethereum network as a concentrated number of liquidity providers or node operators could act as a single point of failure or become targets for attacks or collude to create an oligopoly [...]”Apart from higher centralization, post-Merge Ethereum is also associated with an overall staking yield decline, JPMorgan noted. The standard block rewards declined from 4.3% before the Shanghai upgrade to 3.5% currently, the analysts wrote. The total staking yield has declined from 7.3% before the Shanghai upgrade to around 5.5% currently, the report added.Related: Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 reportJPMorgan analysts aren’t the only Ethereum observers who have noticed a significant increase in network centralization following the Merge upgrade. Executed on Sept. 15, 2022, the Merge has been seen as a major impediment to Ethereum’s decentralization and a major reason for dropping yields.you are the yield pic.twitter.com/ONJT6QmDch— Pledditor (@Pledditor) October 5, 2023

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