Mga Gabay, Kaalaman at Insight sa Crypto

Do Kwon Suggests Terra Hard Fork to Revive Troubled Network

Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network. 　　In a series of tweets, Kwon suggested:　　“The Terra chain as it currently exists should be forked into a new chain without algorithmic stablecoins called ”Terra“ (token Luna - LUNA), and the old chain be called ”Terra Classic“ (token Luna Classic - LUNC). Both chains will coexist.”　　According to Investopedia, a hard fork refers to a radical change to the protocol of a blockchain network that effectively results in two branches, one that follows the previous protocol and one that follows the new version. In a hard fork, holders of tokens in the original blockchain will be granted tokens in the new fork as well, but miners must choose which blockchain to continue verifying.　　After being forked, the new chain, Terra (LUNA), will not support the algorithmic TerraUSD (UST) stablecoin, whereas the old one will house the Luna Classic (LUNC) token.　　Kwons proposal for a hard fork is based on the lack of a consensus among different stakeholders. He stated:　　“Competing interests from varied stakeholders (e.g.,$LUNA holders, UST holders, Terra builders, etc.) make it extremely difficult and unlikely to achieve consensus on

2022-05-18Malalim na Pagsisid

Be Cautious with Your Discord Server - It Might Not Be as Safe as You Believe

Josh Fraser, co-founder of Origin Protocol, pointed out some of the popular platforms flaws.　　Discord has quickly established itself as the de facto community communications platform of choice for blockchain- and crypto-based projects and enterprises of every conceivable type since its inception in 2015 as a tool for connecting and interacting with other gamers. Countless blockchain, NFT, crypto, DeFi, and Web3 projects use Discord as their primary community interaction and marketing platform, from exclusive, invite-only Discord servers for NFT collecting to airdrop and insider news groups.　　Unfortunately, many server security concerns, hackers, compromised accounts, and other privacy issues have afflicted Discord. Many of these vulnerabilities were recently highlighted by Josh Fraser, a co-founder of Origin Protocol, in a Twitter thread he made to educate the general public about the possible dangers of utilizing Discord.　　To begin, Fraser claims that unauthorized third parties can gain a lot of information about the inner workings of various projects on Discord because the Discord API leaks the name, description, members list, and activity data for every private channel on every server. Because many crypto projects use secret Discord channels for a variety of purposes, such as cooperating on unannounced partnerships, product launches, exchange listings, and more, it

2022-05-17Malalim na Pagsisid

Expert in Cryptocurrency PlanB Predicts New Bitcoin (BTC) Bull Run

PlanB, a Dutch analyst and the brains behind the BTC Stock-to-Flow (S2F) model, has predicted a probable Bitcoin bull market, which he believes will be heralded by a price bottom.　　PlanB is known for making accurate price predictions.　　In a recent tweet, an anonymous Bitcoin expert disclosed that he was looking for a second phase of last years Bitcoin bull market in the final month of the year, but that the bull market ended in Q1 2022.　　“We entered a bear market from the peak in April 2022 (indeed, the ATH was in November 2021),” PlanB explained, “and we are now establishing a bottom.” After that, a new bull market will begin. Bitcoin cycles.　　PlanB is known for making accurate price predictions. Despite not having a flawless track record, his forecasts have shown to be usually reliable, thanks in part to his use of the Stock-to-Flow model.　　When most analysts and investors had given up, PlanB predicted a $1 trillion market capitalization for Bitcoin in 2019, when the coin had dropped to $3k from its $17k peak in 2018. Bitcoins market valuation surpassed $1 trillion in February of last year.　　PlanB issued a series of projections in June last year following the Bitcoin drop caused by

2022-05-17Malalim na Pagsisid

Terra Like A Crypto "Pyramid Scheme," Says Activist Investor Bill Ackman

Activist investor Bill Ackman weighed in on the recent Terra crisis, calling the protocol a crypto version of a pyramid scheme.　　Ackmans comments come in wake of the Terra blockchain losing most of its value in the span of a few days, as the de-pegging of its UST stablecoin cause a massive bank run.　　The fact that UST offered a 20% return, with no fundamental business backing its value, is the most telltale sign of a pyramid scheme, Ackman said late-Tuesday. The protocol collapsed once LUNA suppliers surpassed buyers.　　Ackman is the founder of Pershing Square Capital, a hedge fund. His boisterous and highly involved investment style has earned him the tag of an “activist investor.”　　Ackman praises blockchain, calls for more self-regulation　　In a Twitter thread, the Pershing Square founder praised blockchain as being a “brilliant technology,” but added that projects like Terra gave the space a bad name. To Ackman, the digitization of LUNA and the hype around the crypto market were the key reasons behind the platforms popularity.　　He called for more self-regulation by the crypto industry, especially towards businesses that have no underlying businesses backing their tokens.　　The crypto industry should self-regulate away other crypto projects with no underlying business models before crippling

2022-05-17Malalim na Pagsisid

Spotify Tests New Feature Letting Artists to Promote NFTs

On Monday, Spotify said that it is testing a new feature that will allow musicians to promote their non-fungible tokens (NFTs) on their profiles.　　The Swedish audio streaming and media services company noted that the new option is only available to a “very small selection of artists,” and that the test is presently offered to a limited number of Android users in the United States.　　Participants in the test will be able to preview NFTs on an artists profile page. They will then be able to navigate to view and learn more about various NFTs, as well as purchase them from external marketplaces.　　As part of the test, Spotify stated that it will not charge any fees for NFT sales. The business explained that it is only testing a method for artists selling NFTs to advertise them on its platform. Spotify claims that the data will help them decide whether to deliver a complete feature for all artists.　　Spotify stated that the test is being carried out in response to requests from industry partners. The test, according to the firm, is part of its ongoing commitment to allowing artists to expand their connections with fans both on and off its platform.　　In a statement, a

2022-05-17Malalim na Pagsisid

Bitcoin, Ethereum, and Other Leading Cryptocurrencies Experience a Minor Market Rebound

The crypto market showed some indications of recovery on Monday, with major crypto coins trading marginally higher.　　According to CoinMarketCap, the worldwide cryptocurrency market cap is currently trading slightly higher at $1.31 trillion, a 3% increase in the last 24 hours. The global crypto market worth fell to $1.28 trillion yesterday, but a few leading cryptocurrencies have seen a slight comeback from recent lows in the last 24 hours.　　The top ten cryptocurrencies on CoinMarketCap have changed as a result of the ongoing market meltdown. While Dogecoin has fallen to number 10, Terra (Luna) has vanished from the top crypto charts, as major exchanges have suspended Terra and its sister cryptocurrency trade.　　Bitcoins price has increased marginally to $29,517.75 as of 10.05 AM East African time. Bitcoin fell as low as $25,401.29 on Thursday last week, the first time the flagship cryptocurrency fell below $26,000 since December 26, 2020.　　Ethereum has gained 0.17 percent in the last 24 hours and is now trading at $2004.67. On Thursday of last week, Ether, the second-largest digital currency, plummeted as low as $1,704.05 per token. It was the first time the token had fallen below $2,000 since June 2021.　　Meanwhile, other big cryptocurrencies have begun to show signs

2022-05-17Malalim na Pagsisid

Exchange Tokens Recover as Investors Pay Attention to Utility

The cryptocurrency ecosystem is gradually recovering, and while there is still some volatility in the market, exchange tokens are on a bullish roll as investors resume trading activities.　　The market fell by more than $200 billion in a matter of days this week as every digital currency felt the repercussions of the Terra blockchain networks demise. According to CoinMarketCap data, the LUNA coin has lost 99 percent of its value, while the protocols native token, UST, is currently changing hands at $0.1765 instead of $1.　　The Performance of Exchange Tokens　　Binance Coin (BNB), the cryptocurrency of the worlds largest trading platform, is up 6.32 percent to $297.72, a major trading level given its recent drop to nearly a 12-month low of $216.32. Despite the widespread sell-offs, the coin remains the fifth-largest digital asset, with the USD Coin (USDC) overtaking it from fourth place.　　FTT, the FTX Derivatives Exchanges native coin, is currently trading at $31.45, up 3.5 percent in the last 24 hours. KuCoin Token (KCS) is likewise experiencing a stunning price increase, surviving the same onslaught that its contemporaries did.　　The cryptocurrency is up 11.34 percent to $13.57, representing a 52.53 percent increase from its all-time high (ATH) of $28.80.　　The regeneration witnessed in these

2022-05-16Malalim na Pagsisid

Twitter Shares Plummet by 20% as Elon Musk’s $44 Billion Takeover Shelved

The anticipated takeover of Twitter by Elon Musk, the CEO of Tesla Inc., was temporarily postponed as he waited to be briefed about the social media giants fake accounts.　　Musk tweeted:　　“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”　　This revelation initially caused Twitter shares to drop by at least 20%, but they regained some ground following a consequent tweet by Musk that revealed he was still committed. At the close of business on Friday, the shares had pared their losses to 9% and ended the day at $40.72.　　According to Real-Time Billionaires by Forbes, Musk is the worlds richest man with a net worth of $232.5 billion, and his announcement about the Twitter acquisition happened late last month. 　　At the time, this revelation made Dogecoin (DOGE) surge by 20%, as his strong advocacy about this cryptocurrency and other Shiba Inu-themed memecoins has not gone unnoticed.　　Furthermore, transactions worth more than $100,000 escalated on the Dogecoin network. Musk had previously opined that DOGE was the peoples crypto. 　　The recent development puts Musks Twitter takeover in jeopardy despite disclosing that his quest to own the social media giant was driven by the urge to

2022-05-16Malalim na Pagsisid

Emirates Airlines Will Implement Bitcoin Payments And Enter The Metaverse

Emirates Airlines has announced ambitions to use innovative digital solutions such as bitcoin, metaverse, and blockchain to improve customer happiness.　　During a press conference at the Arabian Travel Market, Emirates CEO Adel Ahmed Al-Redha stated that the Bitcoin payment option would be implemented with greater flexibility. Non-fungible token (NFT) collectibles will also be available for purchase on the companys website.　　The aerospace giant aspires to streamline and trace flight data using blockchain technology as the largest airline and flag carrier of the United Arab Emirates (UAE).　　Furthermore, the airline sees NFTs and the metaverse as stepping stones toward addressing the needs of customers. According to Al-Redha:　　“With the metaverse, you will be able to transform your whole processes — whether in operation, training, sales on the website, or complete experience — into a metaverse type application, but more importantly, making it interactive.”　　Because the metaverse and NFTs are new technology domains, Emirates plans to hire more employees to improve this sector by developing programs that monitor client wants. Different airlines, such as Norwegian Air, have jumped on the crypto bandwagon in order to provide their customers with a worthwhile experience.　　Meanwhile, Emirates decision to enter the crypto field may be driven by a paradigm shift in

2022-05-16Malalim na Pagsisid

Changpeng Zhao Provides Clarification on Binance's Investment in Collapsed Terra

Terras ship bravely sailed but has now capsized due to a series of algorithm hacks that caused the blockchain networks native token LUNA to plummet to what many regard as an irreversible level.　　With so many experts asking what is going on, Binances Chief Executive Officer, Changpeng Zhao, has come out to clarify the trading platforms investments in the Terra ecosystem, seemingly in response to misleading accusations being circulated on Twitter.　　Binance invested $3 million in Terra in 2018 when the project was dubbed a Layer 0 blockchain, according to CZ, and the trading business did not invest in the protocol in its second financing round. CZ stated that Binance did not acquire UST, the networks algorithmic stablecoin that is no longer pegged to the US dollar.　　“I need to correct misinformation circulating in crypto twitter,” Zhao remarked in the conversation, adding, “Binance did not participate in the second round of Lunas fund raising, nor did we acquire any UST.” In 2018, Binance Labs invested $3 million USD in Terra (the layer 0 blockchain). UST arrived significantly later than our first investment.　　The CEO stated that the exchange has made hundreds of investments over the years, and although some have proven to be quite

2022-05-16Malalim na Pagsisid

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