H3RO3S Announcements

2023-03-29 12:14:04 H3RO3S TV presents the hottest News

Former FTX boss Sam Bankman-Fried (SBF) has been slapped with another lawsuit from the Department of Justice (DOJ) for sending millions of dollars in bribe money to Chinese government officials

The department claims that the bribe, worth $40 million, was to induce the government to unfreeze accounts connected to FTX’s sister trading firm, Alameda Research. 

According to the filing, Alameda’s accounts were frozen by Chinese police “in or around November 2021,” and held upwards of $1 billion in crypto. CNBC stated that prosecutors tried “numerous methods” to unfreeze those accounts, only to resort to bribery after all other options were exhausted. 

Source : CryptoPotato

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2023-03-27 16:14:34 H3RO3S Academy Showcases Marvellous Merit Monday

A smart contract can't interact with external data without assistance. Instead, it relies on an oracle to feed it the necessary information.

Binance Oracle is similar to other blockchain oracles in this aspect — it's a data service offered by Binance that strives to provide reliable and secure on-chain data to the blockchain.

Binance Oracle is currently purpose-built for the BNB Chain, but that doesn’t mean it can’t extend to other chains in the future. In addition, all the projects built on the BNB Chain can use its services.

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2023-03-26 17:01:46 H3RO3S is pleased to review this week again and to give you an overview of all events and announcements

Weekly Report ( 19th March 2023 to 25th March 2023)

H3RO3S Academy Merit Monday

H3RO3S TV

H3RO3S Academy Fact Friday

H3RO3S is the World’s first ever Real Life Play 2 Earn!

Stay tuned for an exciting week

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2023-03-24 18:19:53 H3RO3S Academy presents Fantastic Fact Friday for this Week

Initial Game Offering (IGO) launchpads are the latest trend in the crypto world and the concept is similar to Initial Coin Offering (ICO).

The only difference is that in IGOs, the platform hosts gaming projects that are based on NFTs or tokens as their in-game currency and rewards.

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2023-03-22 12:37:48 H3RO3S TV showcases the Hottest news

The Internal Revenue Service (IRS) is taking steps to ensure that NFTs are taxed similarly to other collectible items. This move by the IRS follows the recent surge in the popularity of NFTs since they have gained traction in various industries, such as art, music, and sports, and have been sold for millions of dollars

The IRS has proposed that NFTs be treated as collectibles for tax purposes and has submitted the proposal for public review and comment. The agency seeks to set up a clear tax framework for these digital assets by doing so. If the proposal is implemented, NFTs would be subject to the same tax rates as other collectibles, such as coins, stamps, and art

Currently, collectibles are taxed at a maximum rate of 28%, regardless of the taxpayer’s income level. If the proposition is accepted, NFT holders will be subject to capital gains tax when they sell their digital assets. Moreover, they would be required to report any income earned from NFT transactions on their tax returns Open / Comment

2023-03-20 11:43:03 H3RO3S is pleased to Present another Marvellous Merit Monday

If you have used blockchain applications, you probably don't need to learn how to use Binance Oracle.

Where necessary, developers have already connected their applications to specific data.

However, if you are a blockchain developer who needs to utilise Binance Oracle, the official manual will guide you through the integration step-by-step.

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2023-03-19 10:49:27 H3RO3S is pleased to review this week again and to give you an overview of all events and announcements

Weekly Report ( 12th March 2023 to 18thMarch 2023)

H3RO3S Academy Merit Monday

H3RO3S TV

H3RO3S Academy Fact Friday

H3RO3S is the World’s first ever Real Life Play 2 Earn!

Stay tuned for an exciting week

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2023-03-17 14:29:14 Welcome to Fantastic Fact Friday

Funding rates make the perpetual futures contract price close to the index price. It is made be closer to the spot prices and cover some of the gap generated by the perpetual period of time.

All cryptocurrency derivatives exchanges use funding rates for perpetual contracts and the standard unit is a percentage.

Funding Rate is a result of market behaviours and could be used to maker some interpretation in the derivative market which also is a dominant price maker in the market.

However, correlating high funding rates with inevitable price drop could be a wrong interpretation. In the bull market, it have a tendency to naturally bring high funding rates with price rise.

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2023-03-16 10:23:15 H3RO3S TV presents the Latest News in AI industry

GPT-4 is the latest version of the highly influential artificial intelligence (AI) language model, boasting ‘human-level performance on various professional and academic benchmarks,’ according to its developer OpenAI.

Aside from outstanding scores on a range of various professional and academic benchmarks, GPT-4 has also demonstrated the ability to review Ethereum smart contracts, highlighting vulnerabilities and even suggesting potential ways to exploit the code.

On the back of the latest ChatGPT upgrade and its potential to review, suggest and provide insights to Ethereum smart contract developers, Cointelegraph journalist Ezra Reguerra explored the topic in conversation with attendees at the ETHDubai conference this week.

Source : CoinTelegraph

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2023-03-13 19:09:40 H3RO3S is pleased to present Merit Monday for this week

Blockchain oracles are services that function as bridges between blockchains and the real world, enabling smart contracts to access data sources outside their native networks.

In other words, they act as a link between on-chain applications and off- chain data.
As such, off-chain events can be conveyed into on-chain ones recognised by smart contracts.

This information can be anything, from token or stock prices to the results of a football game, or a weather forecast.

Blockchain oracles can also verify if data is accurate, though they are not the data source itself.

Instead, they are akin to an additional layer that collects and authenticates information and transmits it to the correct destination.

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