Crypto LVL

2023-02-21 20:00:19 ​​Bitcoin ‘fixes democracy’ and fights corruption: Human Rights Foundation.

Human Rights Foundation CSO argues that Bitcoin represents free speech, property rights and open capital markets — stifling the power of tyrannical governments.

Bitcoin fixes broken democracies and fights government corruption by limiting its power to control its people, argues Bitcoin advocate and chief strategy officer of the Human Rights Foundation, Alex Gladstein.

In a Feb. 20 interview, Gladstein argued that the decentralized nature of Bitcoin can act as a barrier against corruption and tyranny.

"Where the democracies have broken down, I do think it's very clearly related to fiat currency, and I do think that Bitcoin fixes this in a way," he said.

Gladstein is the chief strategy officer of HRF and has served the non-profit organization since 2007. The foundation is focused on promoting and protecting human rights globally — particularly in countries where its people live "under authoritarian rule."

Gladstein also delivers lectures on Bitcoin and the future of money at Singularity University events, according to his bio.

During the interview, Gladstein said Bitcoin represents free speech, property rights and open capital markets, all of which are stifling to a tyrannical government — which often needs censorship, confiscation and closed capital markets, stating:

"This is what China and Russia need to survive they need censorship, they need close capital markets and they need confiscation, Bitcoin makes it really hard for governments to impose those things on their people."

Both Russia and China have been hostile toward crypto in the past. The Chinese government banned virtually all crypto transactions in 2021; however, the upcoming crypto licensing regime in Hong Kong has led to speculation China's stance on crypto is softening.

Russia’s major crypto law, “On Digital Financial Assets,” officially prohibited the use of crypto for payment purposes in 2020. The law did not ban Russians from investing in crypto, but local crypto exchanges have remained unregulated.

"I don't see these dictatorial powers doing well in a Bitcoin standard; I think it becomes really hard for them," Gladstein added. Open / Comment

2023-02-18 20:00:14 ​​Platypus attack exploited incorrect ordering of code, auditor claims.

The misordered lines caused a solvency check to be performed before the user’s amount, factor and rewardDebt had been set to zero.

The $8 million Platypus flash loan attack was made possible because of code that was in the wrong order, according to a post-mortem report from Platypus auditor Omniscia. The auditing company claims the problematic code didn’t exist in the version they audited.

According to the report, the Platypus MasterPlatypusV4 contract “contained a fatal misconception in its emergencyWithdraw mechanism,” which made it perform “its solvency check before updating the LP tokens associated with the stake position.”

The report emphasized that the code for the emergencyWithdraw function had all of the necessary elements to prevent an attack, but these elements were simply written in the wrong order, as Omniscia explained:

“The issue could have been prevented by re-ordering the MasterPlatypusV4::emergencyWithdraw statements and performing the solvency check after the user’s amount entry has been set to 0 which would have prohibited the attack from taking place.”

Omniscia audited a version of the MasterPlatypusV1 contract from Nov. 21 to Dec. 5, 2021. However, this version “contained no integration points with an external platypusTreasure system” and therefore did not contain the misordered lines of code.

It is important to note that the code that was exploited did not exist at the time of Omniscia’s audit. Omniscia’s point of view implies that the developers must have deployed a new version of the contract at some point after the audit was made. Open / Comment

2023-02-15 20:00:38 ​​Ethereum supply plunges 37% on crypto exchanges post the Merge upgrade.

Just weeks before the Shanghai upgrade, the decline in exchange supply is being seen as a bullish sign.

Ether, the second-largest cryptocurrency by market capitalization, has seen a constant decline in exchange supply over the past six months post-Merge. The Ethereum network underwent a major upgrade in September 2022, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network in an event called the Merge.

According to on-chain data shared by crypto analytics firm Santiment, the amount of available ETH sitting on exchanges continues to fall. Since the Merge, there is 37% less ETH on exchanges. A constant decline in supply on exchanges is considered a bullish sign, as there is less ETH available to trade or sell.

There was a total of 19.12 million ETH, worth $31.3 billion, on exchanges in September before the Merge. The number has now declined to 13.36 million ETH, worth $19.7 billion, in the second week of February.

A major chunk of the ETH supply is being moved into self-custody, while many traders also prefer staking with the Shanghai upgrade just around the corner. Shanghai, Ethereum’s upcoming update, is scheduled for March. The Shanghai hard fork will integrate more improvement proposals for network enhancements and allow stakers and validators to withdraw their holdings from the Beacon Chain.

Currently, 16 million ETH, or 14% of the total supply, is staked on the Beacon Chain, amounting to approximately $25 billion at current prices — a sizable amount that will gradually become liquid after the Shanghai hard fork.

Apart from a constant decline in ETH supply held on exchanges, ETH’s overall market supply has also declined since it turned deflationary post-London upgrade. The deflationary model comes from a fee-burning mechanism introduced through Ethereum Improvement Proposal (EIP)-1559.

A total of 2.9 million ETH has been burned since the London upgrade in August 2021, estimated to be worth $4.5 billion in today’s value. Open / Comment

2023-02-14 18:59:25 ANNOUNCEMENT Only two drops left to be part of Automobili Lamborghini’s legacy with “The Epic Road Trip”

Collect the next puzzle piece to get one step closer to Lamborghini’s puzzle reveal, with some seriously valuable prized possessions unleashed

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There will be 3 Limited Edition NFTs available for purchase for 24 hours each --- collect all 3 and receive 60-minutes of Early Access to the Rare Limited Edition NFT.

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Register and join Discord for Early Access
Join the Discord at https://lam.bo/Discord_Tw
Mint here https://nft.lamborghini.com

Starts Wednesday 20th of Feb - Thursday 23 February

Join the chat via a Twitter AMA with Automobili Lamborghini management on Thursday February 16th at 5 pm CET / 11 am EST / 8 am PST Open / Comment

2023-02-12 14:00:12 $57 Risk-Free Bets for the Super Bowl With Duelbits

This weekend is time for the 57th Super Bowl when Kansas City Chiefs will face the Philadelphia Eagles at the State Farm Stadium.

How to get the Risk-Free Bet
• Place a single bet, between $5-$57 on any Pre-Match market on Super Bowl 57. The single must be placed at minimum 1.5 odds.
• If your Risk-Free Bet loses, you will be given a Free Bet token to the equivalent stake, within 24 hours.

The first Pre-Match bet placed will be eligible, any other bets after this are not considered.

Who do you think is going to lift the Lombardi Trophy in Arizona? Whatever happens Duelbits have you covered. Get up to a $57 Risk-Free Bet on Superbowl 57!

Bet Now To Win Open / Comment

2023-02-12 13:30:00 ​Bitcoin Market Realized On-chain Losses for First Time in Over Two Weeks.

The ratio between all Bitcoins moved at a profit and loss fell below 1 for the first time in more than two weeks on Thursday the 9th of February, according to data from crypto analytics firm Glassnode. The so-called Bitcoin Realized Profit/Loss Ratio fell to 0.9189 as Bitcoin’s price slumped to a new near-three-week low under $22,000 amid concerns about 1) a US regulatory crackdown that is for now focused on US-based crypto staking service providers, but could soon spread to other parts of the industry and 2) concerns that the Fed might end up raising interest rates more than expected this year.

That means that, on Thursday, the Bitcoin market realized a greater proportion of USD-denominated losses than profits. Prior to Thursday’s 5% one-day drop, Bitcoin had already pulled back 5% from its earlier monthly highs in the $24,000s, but the Realized Profit/Loss ratio had remained positive. That indicated that downside was likely a result of profit-taking from those who had bought earlier in the year, prior to/during Bitcoin’s big run-up.

However, the Realized Profit/Loss ratio turning negative on Thursday suggests that a greater proportion of the sell pressure was likely a result of traders who had gone long within the last few weeks being stopped out. Future position liquidation data from crypto derivatives analytics firm coinglass paints a similar picture. Bitcoin long position liquidations spiked to their highest in over three months at $64.6 million on Thursday. Open / Comment

2023-02-11 14:00:15 $57 Risk-Free Bets for the Super Bowl With Duelbits

This weekend is time for the 57th Super Bowl when Kansas City Chiefs will face the Philadelphia Eagles at the State Farm Stadium.

How to get the Risk-Free Bet
• Place a single bet, between $5-$57 on any Pre-Match market on Super Bowl 57. The single must be placed at minimum 1.5 odds.
• If your Risk-Free Bet loses, you will be given a Free Bet token to the equivalent stake, within 24 hours.

The first Pre-Match bet placed will be eligible, any other bets after this are not considered.

Who do you think is going to lift the Lombardi Trophy in Arizona? Whatever happens Duelbits have you covered. Get up to a $57 Risk-Free Bet on Superbowl 57!

Bet Now To Win Open / Comment

2023-02-09 20:00:12 ​​Tether’s assets exceed liabilities in new reserves report by BDO.

As of Dec. 31, 2022, Tether’s consolidated assets amounted to at least $67 billion, exceeding consolidated liabilities by at least $960 million.

Tether, the issuer of the world’s largest stablecoin by market value, has completed reserves attestation by major global accounting firm BDO.

The stablecoin firm released BDO’s assurance opinion on Feb. 9, which re-affirms the accuracy of Tether’s consolidated reserves report (CRR) as of Dec. 31, 2022.

The CRR shows that Tether’s consolidated assets amount to at least $67 billion, exceeding consolidated liabilities of $66 billion, with excess reserves equaling at least $960 million.

In addition to reducing its secured loans as committed, the report also shows Tether ended 2022 with zero commercial paper.

As previously reported, Tether completely removed commercial paper from (USDT) reserves by mid-October 2022, replacing those investments with United States Treasury Bills. The company originally announced the plan to get rid of commercial paper in USDT reserves in June 2022. At the time, commercial paper accounted for less than 25% of USDT’s total reserves of $82 billion.

Paolo Ardoino, Tether and Bitfinex’s chief technology officer, took to Twitter on Thursday to point out that Tether demonstrated an “impressive resilience” to market black swan events that hit a number of crypto companies amid the bear market of 2022. He wrote:

“Tether demonstrated a superior approach to risk management, that allowed to maintain its leadership, while consolidating profits. Tether reiterates its commitment to be a leader into building Bitcoin and stablecoin technologies, investing in fundamental projects and infrastructures.”

BDO noted that the auditor’s opinion is limited “solely to the CRR and the corresponding consolidated total assets and consolidated total liabilities” as of Dec. 31, 2022. “Activity prior to and after this time and date was not considered when testing the balances and information described above,” the firm added.

Additionally, the auditing firm said it hasn’t performed any procedures or provided any assurance on the financial or non-financial activity on dates or times other than that noted in the report. Open / Comment

2023-02-07 14:00:19 United Telegram Bot Playground: Unique Token Natural Growth Algorithm powered by AI inside Telegram Bot

Research in the web: United Telegram bot

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Daily Numbers



Price: 0.02362$

Updated: 7 min. ago
Your gains: +488.27$

History change
24 hours: +5.31%
7 days: +16.79%
30 days: +18.10%

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@UnitedTeleBot Open / Comment

2023-02-06 21:00:07 ​ AstroX
BSC GEM

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The Mission of AstroX is committed to becoming a safe hub for web 3 gaming… starting with a Revolutionary NFT Space Trading Card Game.

For the first season release of their first Astro X game, they will be releasing card packs minted in the form of NFTS.

HOLDER BENEFITS

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2. Share 50% Of Total Revenue
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4. Play To Earn

Telegram:
https://t.me/astroxofficial

Website: astroxgame.com

Lbank CEX listing agreed!

Secure Your Revenue Distribution Pool Spot - Feb 14th!

Public NFT Mint: TBA Open / Comment