Crypto Bubble

2023-04-05 12:35:04 ​Dragonfly Capital invests $10M in Bitget amid industry recovery

The exchange currently facilitates cryptocurrency derivatives trading with an open interest of $2.4 billion and has plans to expand its spot trading, launchpad and Bitget Earn products.

Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget, the San Francisco-based venture capital firm announced on April 4. The funds will be used to support Bitget’s ongoing global market and service expansion and upcoming corporate social responsibility initiatives directed at crypto education and adoption.

Bitget disclosed that since its inception in 2018, the exchange has grown to comprise over 80,000 traders and 380,000 copy traders, or individuals that sync their trading positions with that of traders using automation. For its 2023 roadmap, Bitget plans to expand its spot trading, launchpad and Bitget Earn products. Open / Comment

2023-04-03 19:00:03 ​Elon Musk Reportedly Planning to Visit China to Meet with Premier Li

Elon Musk reportedly plans to visit China in April to meet with the country’s Premier Li Qiang.

Musk’s planned China trip comes amid increasing tensions between Beijing and Washington. The Tesla CEO is in the middle of this diplomatic strife because China houses the EV maker’s largest manufacturing facility. The prominent East Asian country is also Tesla’s largest market outside the United States.

By meeting with Li, a senior government official and close ally of President Xi Jinping, Musk seeks a realignment of personal interests. Open / Comment

2023-04-01 13:00:04 ​Coinbase Extends Its Commitment to Canada, Binance Plans to Exit

Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country.

Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have planned to move out of the country. However, crypto exchange Coinbase would prefer to continue its operation in Canada. Open / Comment

2023-03-31 10:30:00 ZesCoin (ZESC) is an Ethereum blockchain-based smart contract token from Mongolia.

The ecosystem of the project incorporates AI-based trading bots, play-to-earn war games, own advertising networks, social platform, and wallet.

For now, the basic utility of ZesCoin lies in the online advertisement market. The project mission is to revolutionize the way we transact and invest in assets.

And company developing a play-to-earn game CRYPTO GENERALS, which will be released very soon!

In the CRYPTO Generals game, players must have war generals to lead their armies into battle. These NFTs are already available for purchase on the project website.

ZesCoin coin has impressive prospects for development! IEO of $ZESC on the P2B exchange starts on April 3rd, followed by the listing.

For more information about the token, visit the website and community of ZesCoin:

https://www.zescoin.mn/
https://twitter.com/zescoin
https://t.me/ZesCoinGlobal Open / Comment

2023-03-29 09:11:35 ​​Cardano Hits New Milestone in Smart Contracts Creation: Details

Cardano founder Charles Hoskinson has shared "the first-ever Untyped Plutus Core Program entirely generated and serialized using only Typescript." This new milestone might imply that developers might be able to write smart contracts on Cardano using TypeScript in the near future.

TypeScript is a programming language created and maintained by Microsoft that is based on JavaScript. It is a rigorous superset of JavaScript in terms of syntax and gives the language optional static typing. It is made for the creation of large apps as it claims to provide better tooling at any scale.

The Cardano blockchain was built using the Haskell functional programming language. Plutus, Cardano's programming language for smart contracts, and Marlowe, Cardano's domain-specific language for financial smart contracts, are both based on Haskell. Both off-chain and on-chain codes for Cardano are also written in Haskell.

Haskell is not the best-known programming language, though; that distinction belongs to Python and Java. Cardano justifies its decision to use Haskell by pointing out that it is ideal to write code that is robust and correct, especially when combined with formal methods.

Project proposal still in early stages
According to Michele Harmonic, the Plutus project aims to allow smart contracts and transaction creation using only TypeScript, enabling developers to create decentralized apps while maintaining the benefits of Cardano smart contracts.

He explains that right now, only the Haskell programming language is used to generate smart contracts, which limits their potential for use in situations where they must be created instantly. The proposed Plutus would allow developers to write Cardano-related, on-chain and off-chain code entirely in TypeScript. Without the requirement for a server, it would be feasible to create smart contracts depending on user inputs.

However, whether Cardano will relinquish its proclaimed Haskell programming language for TypeScript remains unknown. Open / Comment

2023-03-26 13:30:00 ​Project claiming to be ‘AI-powered’ drains $1M from users.

The project, Harvest Keeper, claimed to optimize trading processes and promised a 101% return on investment within 21 days.

As artificial intelligence (AI) recently became a trending topic due to the capabilities displayed by ChatGPT v4, a project claiming to be an “AI-based” decentralized application has taken almost $1 million from its users in a suspected scam. Open / Comment

2023-03-24 21:28:53 ​Ripple is in talks with 20 banks about CBDC

XRP developers are in talks with 20+ central banks about a government digital currency. Negotiations are confirmed by the vice president of customer service.

Ripple's XRP developers are in talks with banks. The company is in talks with 20+ central banks. The subject of negotiations is the development of CBDC, the digital currency of the states. Brooks Entwistle confirms this. He is senior vice president of customer experience and managing director for Asia-Pacific and the Middle East.

Singapore, Japan, the United Kingdom and Switzerland are engaged in a dialogue.

Ripple has declared 2023 the year of the CBDC. Brooks explains: China and others are well developed. But there are a lot of emerging markets. These markets are smaller, they have fewer resources, and Ripple can help create digital currencies. Open / Comment

2023-03-22 13:45:00 ​MakerDAO’s emergency proposal triggers 26% MKR price plunge

The maker (MKR) token dropped 26% in value within a week following the news of an emergency proposal to address the DeFi protocol’s $3.1 billion USDC exposure, raising concerns among investors and stakeholders.

MakerDAO, the decentralized finance (DeFi) protocol behind the Maker (MKR) token, has experienced a sharp 26% drop in value within the past week. This decline can be attributed to a recent development involving an emergency proposal addressing the protocol’s $3.1 billion USDC exposure. Open / Comment

2023-03-21 22:24:04 Millix is a novel open-source cryptocurrency project. Millix is fully decentralized, designed for simplicity, energy efficiency, and low cost.

Unlike blockchain cryptocurrencies, millix is built on the logic of Directed Acyclic Graph (DAG) to transact at very high speed and very large scale. The millix ecosystem is powered by MLX token. Wrapped MLX (WMLX) bridges the millix ecosystem with the ethereum network.

Millix is original work and was not built on a copied code base of existing work. It has no points of centralization, no designed bottlenecks, or a hierarchy of participants of capabilities. millix data is natively sharded.

Wrapped Millix to be listed on the P2B exchange on March 28, 2023.

For more information about this impressive project, visit the website https://millix.org/ and https://twitter.com/MillixOrg Open / Comment

2023-03-20 12:00:06 ​WAVES cryptocurrency raised suspicions among regulators

It became known: the management of blockchain project Waves received an "investment warning" from the Korea Federation of Exchanges (DAXA). The reason is that native Stablecoin USDN has too high volatility. Crypto-exchange Upbit will decide in the next 2 weeks whether to stop transactions with WAVES.

The Digital Asset Exchange Joint Advisory Body (DAXA) has named Waves (WAVES) as a risky asset. This applies to the two target markets on the Upbit exchange: WAVES/KRW, WAVES/BTC. The fact is that the virtual coin can be used as collateral for USDN Stablecoin, and this cryptocurrency is algorithmically pegged to the value of the US dollar (USD). Recently, however, USDN quotations began to fluctuate wildly and diverged from $1.

Upbit experts have been monitoring the USDN price trend for several weeks and found out: there is a high probability that the value of the pegged cryptocurrency WAVES could also fluctuate rapidly. This would potentially lead to losses for investors.

Over the next two weeks, Upbit management will determine whether or not to discontinue final support for WAVES on its platform. The exchange team has initiated a vetting process to designate warning points. Digital assets designated as risky cannot be deposited on the trading platform until the review process is completed. Open / Comment