Crypto Fight

2023-03-23 18:00:04 OLEKSANDR USYK AND THE QMALL EXCHANGE ARE LAUNCHING A REVOLUTIONARY BLOCKCHAIN PLATFORM!

READY TO FIGHT is the world's first ecosystem that unites the boxing community and provides earning opportunities for everyone, including boxers, managers, agents, and fans.

Behind the project are champions, Oleksandr Usyk and Sergey Lapin, along with the Ukrainian cryptocurrency exchange QMALL.

Crypto Enters The Ring!

A unique boxing platform based on blockchain technology;

Has its own RTF token that enables monetization of athlete's success and earnings from ecosystem development;

Connected with well-known ambassadors and influential partners from all over the world.

It's exciting to see the best in their field come together to develop such a project! At READY TO FIGHT, they bring together the worlds of sports and advanced technology to create a unique ecosystem, and are committed to making the right decisions to ensure its success.

Participation and registration in the ecosystem are free. Open / Comment

2023-03-23 17:30:00 ​Shiba Inu Price Prediction as SHIB Holds Firm Despite Market Correction

The Shiba Inu price has dropped by 0.8% in the past 24 hours, with the meme token doing well to recover from a market correction that shaved as much as 5% off its price.

At $0.00001082, SHIB is now 4% up in the past week, despite being down by 20% in the last 30 days, with the market continuing to face a series of shocks in recent weeks.
The most recent of these is the news that the SEC is likely to take legal action against Coinbase, although the exchange has already stated that it will stand its ground if necessary.

And with LUNC resisting further falls today, it's in a good position to rally again, especially with the recent beta launch of Shibarium and the long-awaited rollout of SHIB: The Metaverse later in the year. Open / Comment

2023-03-22 17:00:04 The step learning curve of DeFi has been a key reason that has difficulted the massive adoption of DeFi, compared to other CeFi options such as Binance. Join Firepot Finance's text AMA session with DeFi Raccoons next Thursday, March 23rd at 4:00 P.M. UTC, to learn more about how we plan on closing the usage gap between DeFi and CeFi.

The icing on the cake will be a $200 prize pool for AMA participants!

Firepot Finance is the first DEX of the AirDAO Blockchain, currently offering profitable APRs (+101%) on the USDC- AMB pair Bridge over from ETH or BNB networks with NO fees.

| Join Firepot Finance Telegram Chat to get updates about the AMA
| Learn more about our products on Firepot Finance Official Website
| Farm @ Firepot Swap Open / Comment

2023-03-20 21:30:00 ​NFT wash trading increases by 126% in February.

The NFT market saw an uptick in wash trading following a recovery in NFT marketplace trading volume which hit $1.89 billion in February.

The top six nonfungible token (NFT) marketplaces saw a rise in NFT wash trading for the fourth straight month with a total volume of $580 million.

According to a new report from CoinGecko, February 2023 witnessed a 126% increase from the previous month’s volume of $250 million. As for a reason for the jump, the report points to a correlation with the overall recovery of NFT marketplace trading volume, which hit $1.89 billion in February.

The six marketplaces included in the report were Magic Eden, OpenSea, Blur, X2Y2, CryptoPunks and LooksRare. X2Y2, Blur and LooksRare played the largest roles in February’s volume for NFT wash trading with $280 million (49.7%), $150 million (27.7%) and $80 million (15.1%), respectively.

These marketplaces have previously incentivized users to increase trading volume via transaction rewards.

The other two marketplaces, Magic Eden and OpenSea, have a reported $590,000 and $42.57 million in NFT wash trading. CryptoPunks, on the other hand, didn't see any NFT wash trading, according to the report.

The CoinGecko report revealed NFT washing trading to have made up a combined 23.4% of “unadjusted trading volume” across the industry’s six largest marketplaces. Wash trading of NFTs is the manipulation of trade volume or price through repeated transactions.

While in traditional financial markets, wash trading is illegal, due to a lack of clear regulations this issue can be found in both the broader crypto space and with NFTs.

Back in January, crypto investor Mark Cuban said that wash trading will cause the next “implosion” in the crypto market. New artificial intelligence-based technology has surfaced, which aims to troubleshoot issues in the NFT market including wash trading.

On March 16 a scam surfaced of fake Blur token airdrop websites, from which $300k was successfully stolen. Open / Comment

2023-03-19 21:15:00 Complaining about "Crypto Winter"?

Nowhere to get X's back? You're missing BIG numbers if you're not in Multimining!

You don't have experience in mining? No farm with employees to support?

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— Ergo - 631%
— FLUX - 402%
— FIRO - 457%
— TONCOIN - 531%
— Neoxa - 1214%
— Nexa - 318%
— Zano - 264%
— Rvn - 597%
— CFX - 417%
— Kaspa - 837%

With more than 6 years of close work with crypto startups — they know how to choose profitable ones.

The average profit for users is now at 400%+/year!

Telegram | Twitter | Discord | Website Open / Comment

2023-03-17 22:00:05 ​South Korean Crypto Exchanges Set to Renew Banking Deals

South Korea’s leading crypto exchanges are ready to renew their banking deals – in a sign that relations between the “big four” trading platforms and the traditional financial sector remain strong.

Per Business Post, Bithumb is close to sealing an agreement with NongHyup Bank (NH Bank). The agreement will see the two parties work together for at least another year.

Bithumb’s existing NH partnership deal is set to expire on March 24. But the renewal process now appears to be a formality. The crypto exchange said the renewal deal was now “in its final stages.”

Bithumb and NH said they had “strengthened anti-money laundering systems” and “provided stable services” since they first started collaborating. The parties first began working together five years ago. A Bithumb spokesperson stated:

“We will finalize the renewal of our real-name accounting deal with Nonghyup next week. And we will continue to do our best to create an environment where customers can trade safely and with ease.” Open / Comment

2023-03-14 21:30:00 ​Polygon Labs partners with Unstoppable Domains to launch top-level domains.

Polygon ecosystem users will be able to create .polygon Web3 domains through a new partnership with Unstoppable Domains.

Polygon has launched the ability to create Web3 .polygon domain names in partnership with Unstoppable Domains. The offering will allow users to log into Web3 applications, make use of human-readable wallet addresses and create decentralized websites.

The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem. Unstoppable Domains makes use of Polygon to mint decentralized domains with zero gas fees. Over 2.7 million domains have been registered on the Polygon blockchain to date.

Users will be able to use .polygon domains to create digital identities that are compatible across 750 applications, games and metaverse platforms. These can be used to login to web apps, as cryptocurrency wallet addresses and decentralized websites.

Unstoppable Domains also allows users to create profiles that can be connected to social media channels and act as a digital identity across Web3 platforms and networks.

A statement from Polygon Labs vice president of business development Sanket Shah highlighted the importance of unlocking user-owned digital identity for Polygon users :

"Web3 domains will give our community a digital identity that they fully own, so they can log into dapps without giving away their personal information and transact crypto without lengthy wallet addresses.”

Unstoppable Domains will also offer access to premium polygon gaming and digit domains from March 16.

Decentralized domain services like Unstoppable Domains and Ethereum Name Service (ENS) have become popular over the past year, seeing considerable growth in domains registered.

American cryptocurrency exchange Coinbase partnered with Unstoppable Domains offer payments through domain handles instead of cryptographic addresses in August 2020. Open / Comment

2023-03-11 21:30:00 ​MakerDAO files emergency proposal addressing 3.1B USDC exposure.

“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says MakerDAO.

According to a forum post from MakerDAO, the issuer of the U.S. dollar-pegged DAI stablecoin, on March 11, the firm requested an “urgent executive proposal to mitigate risks to the protocol.“ Maker said it possessed multiple collaterals “exposed to USDC tail risk” in light of the extraordinary depegging of the USD Coin stablecoin that began on March 10. MakerDAO currently has over $3.1 billion worth of USDC in collateral backing DAI.

Firstly, Maker proposes reducing the debt ceiling of UNIV2USDCETH-A, UNIV2DAIUSDC-A, GUNIV3DAIUSDC1-A and GUNIV3DAIUSDC2-A liquidity provider collaterals to 0 DAI. Next, Maker wants to reduce the daily minting limits of its USDC peg stability module from 950 million DAI to 250 million DAI, and increase the fee from 0% to 1% to prevent “excessive dumping of USDC.“ Another stablecoin module, GUSD, will also see its daily minting limit reduced from 50 million DAI to 10 million DAI if the proposal passes.

Maker also wants to eliminate exposure to decentralized finance protocols Curve Finance and Aave entirely. According to Maker, Curve “uses a fixed $1 price for USDC,“ which “presents a risk of bad debt accrual and potentially bank runs with cascading market insolvency if the market price of USDC falls significantly below the current collateral factor.“ While Aave doesn’t possess such risks, Maker nevertheless stated that its “overall risk-reward of depositing funds into the D3M are not favorable under current conditions.“

Finally, Maker proposes increasing the protocol’s debt ceiling for the Paxos Dollar (USDP) stablecoin issued by the Paxos Trust Company from 450 million DAI to 1 billion. The firm wrote:

“Paxos has relatively stronger reserve assets versus other available centralized stablecoins, consisting primarily of U.S. treasury bills, reverse repurchase agreements collateralized by U.S. treasury bonds. They face relatively lower potential for impairment versus other available stablecoins” Open / Comment

2023-03-11 15:00:12 Complaining on "Crypto Winter"?
Nowhere to get X's back? You're missing BIG numbers if you're not in Multimining!

You don't have experience in mining?
No farm with employees to support?

DOESN'T MATTER! You have Liquid Mining App.
Liquid Mining is a network of largest data centers around the world with single goal — make revolution in mining.

How you will do it?
You will mine coins in pre-mine stage before IDO and ICOs when mining rewards are huge in terms of volume of coins per block. Once projects are listed on crypto exchange - you sell and make profit.

The development team behind Liquid Mining was pre-mining:
— Ergo - 631%
— FLUX - 402%
— FIRO - 457%
— TONCOIN - 531%
— Neoxa - 1214%
— Nexa - 318%
— Zano - 264%
— Rvn - 597%
— CFX - 417%
— Kaspa - 837%

With more than 6 years of close work with crypto startups — they know how to choose profitable ones.

The average profit for users is now at 400%+/year!

Telegram | Twitter | Discord | Website Open / Comment

2023-01-16 20:00:09 ​​CBDCs not worth the costs and risks, says former BoE advisor.

Tony Yates, the former senior adviser of the Bank of England, argues that CBDCs are not worth the headache.

Central banks worldwide are pushing forward with digital asset projects despite the various crypto industry implosions of the past 12 months. China has rolled out its central bank digital currency (CBDC) to several cities and made it available for use at the Winter Olympics.

Many other central banks, including the Bank of England, are considering how to roll out a CDBC, while Nigeria’s CBDC has had poor uptake so far. India has already launched a pilot scheme, while Mexico has confirmed the launch of a digital peso.

However, Tony Yates, former senior adviser to the Bank of England, advises against CBDCs in a recently published opinion piece for the Financial Times. According to Yates, “The huge undertaking of digital currencies is not worth the costs and risks.”

CBDCs are already in place in most countries as most countries already have digital versions of cash, coins and notes. Yates, therefore, questions the motivations behind global rollouts of CBDCs, calling them “suspect.”

CBDCs could be a way of quashing crypto, including decentralized currencies such as Bitcoin. However, “Cryptocurrencies are such bad candidates for money,” he explains, adding:

“They don’t have money supplies managed by humans to generate steady paths for inflation and are hugely expensive and time consuming to use in transactions.”

Yates’ take on Bitcoin is unsurprising. He has tweeted several times about Bitcoin, claiming that most of Bitcoin’s use is “illicit” and “speculative.”

Since Bitcoin use a public ledger available for everyone, its use for illicit purposes has decreased steadily over the years to less than 1% of total transactions, reports show.

On top of that, the layer-2 Lightning Network allows instant remittance payments, while other cryptocurrencies and even stablecoins continue to grow in use cases and development.

For Yates, introducing CBDCs is akin to “making central bank reserves more widely available than just to counterparties.” But in a world where the reserve currency is the U.S. dollar, the competition for a new global CBDC is counterproductive. Open / Comment