DYOR

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tldr; The FTX exploiter, identified as address 0x3e9, has moved over $17.1 million worth of ETH in the past 24 hours. The address has transferred 7,749 ETH to the Thorchain router and Railgun contract, and swapped 2,500 ETH for 153.4 tBTC. These transactions have put downward pressure on the ETH price. FTX co-founder Sam Bankman-Fried is scheduled to go to trial in October, facing seven charges related to fraudulent activities. Despite pleading not guilty, Bankman-Fried remains in custody. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The FTX hacker, who stole hundreds of millions of dollars during FTX's collapse, has moved $8 million in stolen funds for the first time in 10 months. The hacker transferred 2,500 ETH, worth $4 million, using RailGun privacy wallet and Thorchain. The identity of the hacker and the technique used in the hack remain unknown. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Weary_Strawberry2679

Solves the trilemma - decentralisation, security, scalability. DYOR and find out.

coinfeeds-bot

tldr; Fidelity's Director of Research, Chris Kuiper, believes that Ethereum may now be more attractive to institutional investors than Bitcoin. Kuiper argues that Ethereum's evolution and maturation, including its switch to proof of stake, have set it apart from Bitcoin and made it a more diversified investment option. Fidelity also highlights Ethereum's deflationary tokenomics and store of value attributes as potential factors that could make it an emergent form of money. However, the analysts note that Ethereum still lacks the first mover advantage and network effect of Bitcoin. Overall, Fidelity sees potential in Ethereum's appeal to institutional investors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Weary_Strawberry2679

DYOR essentially means that you remove the risk of scam-projects like $SQUID. Having said that, you may still want to consider some other risks - rug-pull by specifics, or just an unsuccessful coin/development/marketing. So even if all checkboxes are checked, there are no guarantees.

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tldr; The article discusses the challenges faced by the cryptocurrency industry in the year following the FTX exchange blowup. The fallout from the FTX collapse has led to skepticism and suspicion surrounding the asset class, with the trial of FTX's leader, Sam Bankman-Fried, adding to the cloud of uncertainty. The article highlights the decline in trading activity, the decrease in venture capital deals, and the shrinking job market in the crypto industry. Additionally, it mentions the struggles faced by crypto-related ventures, such as difficulty finding advertising platforms and investor skepticism. The article also mentions the various lawsuits and legal proceedings that have emerged in the wake of the FTX collapse. Despite the challenges, the article suggests that the industry may be reaching a turning point, with increased institutionalization and regulation. The future of crypto innovation is seen as more institutionalized, with traditional financial firms showing interest in blockchain projects and Bitcoin ETFs. While some individuals have become disillusioned with the industry, others remain open to returning if promising opportunities arise. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The Department of Justice (DOJ) plans to call former FTX clients, investors, and staff as witnesses in the trial of Sam Bankman-Fried. The testimonies will shed light on FTX's treatment of customer assets and Bankman-Fried's conduct. The DOJ aims to emphasize the experiences of retail and institutional clients who trusted FTX to safeguard their assets. One witness from Ukraine may testify via video conferencing due to travel difficulties. Bankman-Fried's defense has raised concerns about the jury questions proposed by the DOJ, arguing that they may insinuate guilt and compromise the trial's impartiality. The trial is set to begin soon, highlighting the importance of transparent communication and unbiased questioning in upholding justice. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitcoin's decentralization in jeopardy as public miners account for just 28% of the global hash rate, challenging the notion that miners hold central control over the network. However, potential centralization points still exist within mining pools, with approximately 70% of the network's hash rate driven by private entities. Maintaining a balance between public miners and private entities is crucial for decentralization and reducing the risk of manipulation. Texas has emerged as a dominant force in Bitcoin mining, accounting for over 28% of the hash rate in the United States, thanks to affordable energy prices and a favorable regulatory environment. Regional dynamics and the balance between public and private participation will continue to shape the future of Bitcoin mining. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Vitalik Buterin, co-founder of Ethereum, has expressed concerns about decentralized autonomous organizations (DAOs) having control over the selection of node operators in liquidity staking pools. He warns that relying on just one layer of protection may not be enough and highlights the risks associated with both whitelisting node operators and allowing anyone to become a node operator. Buterin suggests that using a variety of liquid staking providers can decrease the likelihood of one provider becoming too large and posing a systemic risk. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Sixtricks90

Yeah there are not a whole lot of good players out there in the cryptosphere. Always gotta stay vigilant and DYOR

Qk17413

It's true that DYOR is essential in the world of cryptocurrencies and investments. While online communities and forums can be valuable sources of information and discussion, they should be just one part of a comprehensive research strategy. DYOR should involve looking at multiple sources, verifying information, understanding the technology and project behind a cryptocurrency, and assessing your own risk tolerance.

stupidcupid112

The problem with DYOR is most people including the ones in this sub don't know "HOW TO DYOR". For most of them gathering information from this sub encompasses an important step in DYOR.

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tldr; The United States Securities and Exchange Commission (SEC) has initiated legal action against Prager Metis, an accounting firm that provided services to the now-defunct cryptocurrency exchange FTX. The SEC alleges that Prager Metis provided auditing services to FTX without maintaining the necessary independence, as they continued to offer accounting services, which is prohibited. The SEC claims that these activities spanned approximately three years and involved "hundreds" of auditor independence violations. FTX declared bankruptcy in November 2022, and concerns were previously raised about the information presented in its financial statements. Senators Elizabeth Warren and Ron Wyden also raised concerns about the firm's impartiality. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Tokenization is a rapidly growing financial innovation in crypto asset markets. It involves creating digital representations (crypto tokens) for non-crypto assets (reference assets). This process creates interconnections between the digital asset ecosystem and the traditional financial system, which has implications for financial stability. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Worldcoin, a controversial project that rewards people for scanning their eyeballs, has seen strong success in emerging economies like Chile. Over 200,000 Chileans have participated, earning WLD tokens worth around $42. The project has also gained traction in countries like Argentina and Kenya, where the minimum wage is low. Despite concerns about privacy, some participants see it as an opportunity to make money from their data. Chile, known for its economic freedom and tech scene, has not seen significant regulatory pushback against Worldcoin. The project's success in these economies is likely due to the economic incentive it offers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The native altcoin for a decentralized finance (DeFi) ecosystem built on the Tron (TRX) blockchain, JUST (JST), surged by over 22% in one day amid the rollout of new mining rewards. JUST aims to provide all-in-one financial solutions to its users through Tron-based DeFi protocols. The price jump occurred as the project's lending platform, JustLend DAO, launched new mining rewards, offering additional rewards denominated in Tron's stablecoin USDD. Despite the recent increase, JST is still down more than 85% from its all-time high in April 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Napster's new CEO, Jon Vlassopulos, has a plan to make the music service relevant again. He believes that the future of music will involve a platform model where fans can buy tunes, merchandise, and tickets within a Roblox-like environment. Vlassopulos also mentioned that Napster's plans will include a crypto component, tapping into the idea of "1,000 true fans" who are willing to pay more for more access and experiences. While it remains to be seen if Napster can succeed, their attempt to innovate in the music industry is commendable. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Crypto.com has updated its Euro Wallet to provide a better trading experience for users in the Euro payment area. The update includes the integration of a Euro wallet and the ability to make secure Single Euro Payments Area (SEPA) transfers with no transaction fees. This allows users to have more options for depositing and withdrawing EUR from the platform's fiat wallet. The deposit and withdrawal process has also been simplified, making it easier for users to access over 250 cryptocurrencies. SEPA transfers offer lower or no fees for sending and receiving money within the SEPA network, providing a secure and efficient way to make payments within the Euro area. Crypto.com does not charge transaction fees, but banks may impose processing fees. Users should ensure that SEPA transfers originate from accounts bearing their name to prevent rejection. The first transaction may take up to 2 business days to process. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Federal prosecutors in the trial against Sam Bankman-Fried, the former crypto executive of FTX, plan to call former FTX customers, investors, and employees as witnesses. The customers and investors can testify about their expectations of how FTX would handle their funds, while the cooperating witnesses can provide insight into their interactions with Bankman-Fried and their understanding of his statements and actions. The Department of Justice intends to call both retail customers and institutional clients who transferred significant amounts of assets to FTX. The DOJ has identified three cooperating witnesses who will testify, and at least two more witnesses will testify under a grant of immunity. One customer witness from Ukraine may testify via video conference due to logistical and legal challenges. The trial is set to begin next week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; John Deaton, a lawyer representing over 75,000 individuals affected by the SEC v. Ripple case, has criticized the U.S. Securities and Exchange Commission's actions in the lawsuit against Ripple Labs. The SEC's lawsuit alleged that XRP, Ripple's native cryptocurrency, should be classified as a security. However, a recent ruling by Judge Analisa Torres dismissed the SEC's claim, causing significant harm to innocent investors. Deaton expressed concern about the SEC's actions and criticized their appeal strategy. He questioned the SEC's purported desire for an efficient resolution and predicted that their actions would only lead to further delays and appeals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; VanEck, a global asset manager, has announced that it will donate 10% of the profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for ten years. The beneficiary will be The Protocol Guild, a group of over 150 developers maintaining Ethereum's core technology. VanEck believes it is fair for asset managers to give back to the community building the crypto protocol. This move aligns VanEck with other crypto-native communities supporting the Ethereum network. The Ethereum core developers are currently working on an upgrade that will reduce transaction fees for layer-2 protocols. VanEck's Ethereum Strategy ETF is expected to be listed on the Chicago Board Options Exchange soon. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Fungibility is a key characteristic in the world of cryptocurrency, and Monero stands out as a privacy-focused cryptocurrency that is considered fully fungible. Unlike Bitcoin, which operates on a transparent blockchain, Monero uses advanced cryptographic techniques to obscure transaction details, making every Monero coin identical and untraceable. While Monero's fungibility offers robust privacy features, it also attracts regulatory scrutiny due to its potential use in illicit activities. Understanding the differences in fungibility between cryptocurrencies can help users and investors make informed decisions in the complex cryptocurrency landscape. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ava Labs has announced the developer preview of Firewood, a next-generation database optimized for storing Merkleized blockchain state. Firewood aims to address the bottleneck of efficient state management in scaling blockchains by reducing the overhead of inserting, modifying, storing, and deleting Merkleized state. Unlike other databases used for managing blockchain state, Firewood is built from scratch in Rust and uses the trie structure of the data as an on-disk index, eliminating the need for compaction and pruning. Firewood is designed to efficiently store and read Merkleized blockchain state under load and will be integrated into all Virtual Machines maintained by Ava Labs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ross Ulbricht, the founder of the Silk Road dark web marketplace, is still in jail and seeking justice. Ulbricht was convicted in 2015 for his involvement in running the Silk Road, which facilitated the sale of illegal drugs and other illicit goods. Despite his conviction, Ulbricht's case continues to garner attention and support from those who believe he was unfairly sentenced. Ulbricht's legal team is currently seeking a new trial, arguing that his constitutional rights were violated during the investigation and trial. The outcome of Ulbricht's case could have significant implications for the future of online privacy and the use of cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Federal prosecutors in the trial against Sam Bankman-Fried, the former crypto executive of FTX, plan to call former FTX customers, investors, and employees as witnesses. The customers and investors can testify about their expectations of how FTX would handle their funds, while the cooperating witnesses can provide insight into their interactions with Bankman-Fried and their understanding of his statements and actions. The Department of Justice intends to call both retail customers and institutional clients who transferred significant amounts of assets to FTX. The DOJ has identified three cooperating witnesses who will testify, and at least two more witnesses will testify under a grant of immunity. One customer witness from Ukraine may testify via video conference due to logistical and legal challenges. The trial is set to begin next week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The article discusses the supply dynamics of Ethereum and the recent drop in gas prices. Ethereum's supply can be deflationary or inflationary depending on the time frame. The implementation of EIP-1559 and the transition to proof of stake have affected the supply and gas prices. Gas prices have been declining due to the focus on scaling with Ethereum 2.0, the growth of Layer-2 solutions, and the lack of narrative in the crypto market. However, experts believe that gas prices will adjust as volume picks up. The future of gas prices is uncertain due to upcoming upgrades and the adoption of layer-2 solutions. Lower fees can attract more users, but it may also lead to congestion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Worldcoin, a controversial project that rewards people for scanning their eyeballs, has seen strong success in emerging economies like Chile. Over 200,000 Chileans have participated, earning WLD tokens worth roughly $42. The project has also gained traction in countries like Argentina and Kenya, where the minimum wage is low. Despite concerns about privacy, some participants see it as an opportunity to make money from their data. The project has not faced significant regulatory pushback in Chile, which is known for its economic freedom and tech scene. However, some are surprised by the public's willingness to participate in a project they may view as a scam. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The SEC has revealed leaked chat history between Do Kwon, founder of collapsed blockchain Terra, and Daniel Shin, CEO of Chai payment app. The chats suggest that the founders planned to create fake transactions to generate fees and deceive investors. The SEC has requested Do Kwon's extradition to the US, but his attorneys argue against it. The partnership between Terra and Chai ended in 2020, but the SEC believes it lasted long enough to carry out the deceptive plan effectively. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitcoin could benefit from an economic recession, according to Fidelity Investments' global macro director Jurrien Timmer. He believes that if a recession occurs, the Federal Reserve would pivot and investors would view Bitcoin as a safe haven investment, driving its price higher. Timmer also suggests that for Bitcoin to reach new all-time highs, the Federal Reserve would need to inject more liquidity into the markets. He notes that Bitcoin has become less correlated to equities and less volatile, making it a potential source of uncorrelated returns in the next market cycle. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The article discusses the interchain wars between LayerZero and Chainlink in the context of the development of Web3 and the need for interchain operations. It highlights the challenges of bridge exploits and liquidity fragmentation in the multi-chain environment. It introduces Chainlink's Cross-Chain Interoperability Protocol (CCIP) and LayerZero as solutions for interchain communication. The article compares the features and benefits of CCIP and LayerZero, including arbitrary messaging, token transfer, programmable token transfer, and more. It also mentions how protocols like Synthetix and AAVE are testing CCIP. The article concludes that both CCIP and LayerZero have their strengths and weaknesses and can coexist in the cross-chain realm. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The article discusses the state of the Solana NFT ecosystem and whether it is dead or not. While some metrics show a slowdown in activity, data suggests that the Solana NFT ecosystem is still lively and one of the largest in the crypto markets. Solana's low transaction fees, speed, and high social engagement have contributed to its popularity. The article also mentions the SolanaFloor NFT Index and its recent performance. The SEC suit against Coinbase and Binance has affected the overall markets, including the Solana NFT ecosystem. However, recent stabilization in floor prices and trading volume indicate a possible bottom formation and potential growth in the coming months. While the broader NFT ecosystem has experienced a bear market, the Solana NFT market remains active with projects like Idle Gaming showing growth. Overall, the article suggests that the Solana NFT ecosystem is not dead and may see growth in the future. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; US-based crypto exchange Gemini is halting its trading services in the Netherlands due to requirements imposed by the country's central bank. Customers are required to withdraw their funds by November 17th, and any remaining assets may be sold on the open market. Gemini plans to comply with new EU rules on crypto-assets and hopes to offer services to Dutch customers in the future. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Former nChain CEO, Christen Ager-Hanssen, has departed the company after claiming to have discovered a "conspiracy to defraud nChain shareholders orchestrated by a significant shareholder." Ager-Hanssen no longer believes that nChain Chief Scientist Craig Wright is the true identity behind Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Ager-Hanssen plans on releasing a whistleblower report that concerns the influence of billionaire Calvin Ayre on nChain's operations. The nChain board claims to have commissioned an independent investigation into the stewardship of the business. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Hong Kong, a global financial hub and a gateway to China, has been rocked by a massive crypto scandal involving JPEX. This Dubai-based cryptocurrency exchange allegedly defrauded thousands of investors of more than $160 million. The case has exposed the regulatory loopholes, the lack of investor protection in Hong Kong’s nascent crypto industry, and the […] The post Op-ed: JPEX – A crypto scandal that shakes Hong Kong’s reputation appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ripple is set to unlock 1 billion XRP tokens from its escrow system on October 1. This release accounts for 1.87% of the current circulating supply of XRP. The remaining XRP tokens owned by Ripple are still locked in escrows and will be released monthly until February 2027. Ripple implemented this system to gradually release XRP tokens and has been relocking a significant portion of the tokens after each release. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The article discusses the current state of the NFT market, stating that around 95% of NFTs are now considered worthless following a market collapse. It highlights the decline in value of NFTs, with examples such as Jack Dorsey's tweet NFT being sold for under $5 after being purchased for $2.1 million. The article also mentions the challenges faced by the NFT market, including limited demand and environmental concerns. Overall, the NFT market has experienced a significant loss in value and opportunities compared to a few years ago. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Brazil is rolling out a blockchain-based digital ID system, with over 214 million Brazilians expected to use it. The government aims to issue identification documents on a private blockchain developed by Serpro, Brazil's national data processing service. The use of blockchain technology is seen as ideal for the country's digital identification project due to its immutability and decentralization. The national ID project is crucial for targeting organized crime and streamlining administrative records. This initiative follows a similar one in Buenos Aires, Argentina. The adoption of blockchain technology will enable more secure data exchange between the Federal Revenue and government departments. Additionally, Brazil is also working on a central bank digital currency (CBDC) called Drex, which aims to expand business access to capital through tokenization. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; A flood of Ethereum futures exchange-traded funds (ETFs) could launch on Monday, according to a Bloomberg ETF analyst. Nine different ETH-based futures ETFs are set to potentially launch, including offerings from VanEck, Bitwise, Proshares, and others. The analyst suggests that the early launch of these ETFs is due to the fear of a government shutdown. The ETFs will invest in standardized, cash-settled ETH futures contracts traded on registered commodity exchanges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ethereum founder Vitalik Buterin published a blog post discussing potential changes to the Ethereum protocol that could reduce centralization. He mentioned various protocols, including ERC-4337 and liquid staking, and expressed a preference for incorporating certain protocols into Ethereum's code. Buterin also expressed concern about the concentration of Ethereum's liquid staking providers and suggested changes to further decentralize the operations. These are complex issues that will continue to evolve over time. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitcoin has outperformed the US Dollar over the past 10 years, with the USD losing 99.52% of its value against Bitcoin. This represents a price increase of over 22,000% for BTC against the US Dollar. Bitcoin's superior performance against the US Dollar demonstrates that it is a stronger asset option compared to other legal currencies that have suffered significant losses against the US Dollar. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Immediate_Marzipan28

Always DYOR and do what's best for you! But don't forget to take into consideration any advice :)

coinfeeds-bot

tldr; Connecticut authorities have successfully recovered over $3 million worth of Bitcoin for a crypto investor who fell victim to a financial scam. The victim had transferred funds to a Kraken crypto exchange wallet address, only to discover that the Bitcoin had been withdrawn and moved to wallets beyond their control. Working with the Connecticut State Police, the Westport police traced the transactions and froze all accounts linked to the scam. The frozen accounts were traced back to residents of Pakistan, making arrests unlikely. This case highlights the importance of being cautious and wary of scam schemes in the cryptocurrency industry, which has seen a surge in scams due to the lack of regulation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The liquidators behind Three Arrows Capital (3AC), the now-defunct crypto hedge fund, shared that the firm’s co-founder Su Zhu was arrested in Singapore at the Changi Airport while trying to leave the country. Teneo, a financial advisory firm controlling the liquidation and management of affairs for the defunct crypto hedge fund, said it got a […] *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; A new bill proposed in the United States, called the "Off-Chain Digital Commodity Transaction Reporting Act," aims to enhance oversight and transparency in the cryptocurrency industry. The legislation would require cryptocurrency service providers to report all off-chain transactions to a government-designated repository registered with the Commodity Futures Trading Commission (CFTC). The goal is to protect investors from potential disputes, manipulation, or fraudulent activities that occur off-chain. This move reflects a broader trend of U.S. lawmakers actively addressing cryptocurrency regulations and recognizing the need for robust regulatory frameworks in the industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ripple CEO, Brad Garlinghouse, recently revealed his allegiance to XRP by getting a tattoo of the cryptocurrency's logo. The gesture, shared on social media, symbolizes his personal commitment to the digital asset and has garnered significant attention and conversation among XRP enthusiasts. This act serves as a reminder of the human element in the crypto industry and reflects the dedication of many within the XRP community. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Bitcoin mining could actually be a way to reduce methane emissions on a large scale, according to a climate tech investor. Bitcoin mining requires a large amount of energy, which can be supplied by landfills. This solution could lead to updated infrastructure at landfills that could benefit other uses of electricity. Bitcoin mining is already powered by sustainable energy and has the potential to make methane mitigation profitable for half of the world's landfills. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Free Money Day 2023 saw the Nano currency make a remarkable contribution, with 27,000 transactions made globally in 24 hours. The decentralized nature of Nano, along with its speed and zero fees, allowed for seamless and instant transactions. The Nano community's enthusiastic participation in Free Money Day demonstrated the currency's potential in fostering a culture of generosity and inclusivity. The WeNano app played a crucial role in facilitating transactions, with 95 new spots created worldwide. Nano's reach was global, with participants from various countries embracing the spirit of generosity. Grassroot efforts, such as those by the FC Espada kids football club in Nigeria, helped introduce Nano to local businesses and residents. Notable personalities and businesses also championed Free Money Day, further amplifying its reach and increasing familiarity with Nano. Overall, Free Money Day 2023 showcased Nano's potential as a catalyst for positive societal transformation and a future where money is inclusive and available to all. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The Binance Research report reveals that approximately $892 million has been lost due to breaches in oracles since 2020. These breaches involve individuals artificially inflating the prices of tokens with low liquidity within specific protocols and then exchanging them for other assets or using them as collateral for loans. However, the report also notes that losses resulting from oracle-related exploits have decreased in 2023, possibly due to improved security measures and a decrease in Total Value Locked (TVL) within the decentralized finance (DeFi) ecosystem. The report suggests alternative solutions to reduce reliance on oracles but highlights that these solutions come with trade-offs. Developers and users should carefully consider these factors when choosing between oracle-dependent and oracle-less solutions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The CEO of nChain, Christen Ager-Hanssen, has resigned from his position, claiming a conspiracy to defraud shareholders. He also expressed doubt about Craig Wright's claim of being Satoshi Nakamoto, citing evidence of document manipulation. Ager-Hanssen predicted that Wright would lose his legal battles regarding his claims. The allegations against Wright add further doubt to his legitimacy as Satoshi Nakamoto. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Citigroup has introduced Citi Token Services, a private blockchain that offers cross-border payments, liquidity, and trade finance solutions to institutional clients. The service integrates tokenized deposits and smart contracts into Citi's global network, reducing transaction processing times and replacing bank guarantees and letters of credit. The service has completed successful pilots with Danish shipping company Maersk and an unnamed canal authority. Citi's new service is part of the Regulated Liability Network (RLN) technology, which places assets and liabilities on the same ledger for atomic settlement. JPMorgan is also exploring the use of deposit tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitcoin payment service BTCPay Server has announced that it is now easier to integrate with React apps. This will make it more convenient for developers to incorporate Bitcoin payments into their React-based applications. The integration process has been simplified, allowing for a smoother and more seamless user experience. This update is expected to further promote the adoption of Bitcoin as a payment method. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Leased proof-of-stake (LPoS) is a variant of the proof-of-stake (PoS) system that allows tokenholders to lease their tokens to validator node operators. This increases the chances of the validator being selected to generate new blocks and earn transaction fees. LPoS offers benefits such as decentralization, balance leasing, fixed tokens, and scalability. It does not require mining hardware and allows users to acquire mining rewards without actively participating in the mining process. LPoS is used by blockchain platforms like Waves and Nix. It is a resource-efficient alternative to proof-of-work (PoW) and offers security features. LPoS is one of several alternatives to PoS, including delegated proof-of-stake (DPoS), pure proof-of-stake, and proof-of-validation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The article discusses the potential impact of Bitcoin ETFs on the cryptocurrency industry. It argues that while many focus on the price action, the real benefit of institutional adoption is the regulatory certainty it brings. Institutional involvement is forcing regulators to provide clear answers on taxation and compliance, which is crucial for businesses. The article also highlights that institutional participation can lead to clearer crypto classification and legitimacy for the industry. Overall, the article suggests that greater institutional involvement will benefit all players in the cryptocurrency market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Bitcoin could benefit from an economic recession, according to Fidelity Investments' global macro director Jurrien Timmer. He believes that if a recession occurs, the Federal Reserve would pivot and investors would view Bitcoin as a safe haven investment, driving its price higher. Timmer also suggests that for Bitcoin to reach new all-time highs, the Federal Reserve would need to inject more liquidity into the markets. He notes that Bitcoin has become less correlated to equities and less volatile, making it a potential source of uncorrelated returns in the next market cycle. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; BlockFi has received approval from its creditors for its restructuring plan, marking a major win for the defunct crypto lender. The plan, which has over 90% approval from creditors, will allow BlockFi to recover assets lost in the FTX fiasco and honor its commitment to creditors. The bankruptcy court will now decide if the plan moves forward. Once approved, BlockFi will begin distributing funds to its creditors, starting with customers holding funds in Interest Accounts, Retail Loan Accounts, and BlockFi Wallets. The ultimate verdict still rests with the bankruptcy court. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

akagi_misha

I didnt look at it fully yet but it looks like a layer of hacking challenge over their core technology with a big prize pool DYOR though, I didnt find enough time to dig through

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tldr; The following is a guest post from Philippe Desmarais, CEO at Kelvin Zero. Want to have your retina scanned by a metal orb owned by a private company that shares the same founder as OpenAI, for some crypto and a digital World ID? Only weeks after Worldcoin launched, over two million people said “yes.” Did […] The post Op-ed: Why Worldcoin fails to strike the balance between progress and privacy appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The Securities and Exchange Commission (SEC) has delayed decisions on proposed spot bitcoin ETFs from Fidelity, VanEck, and WisdomTree. The SEC has instituted additional proceedings to determine whether the proposed ETFs should be approved or disapproved and has asked for input from commentators. The approval process is expected to take a few more months. The SEC has also requested fresh views about a proposed surveillance-sharing agreement with crypto exchange Coinbase. This delay comes as the SEC continues its filing frenzy ahead of a possible government shutdown. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Spot Bitcoin ETFs are expected to drive institutional adoption of digital assets in the United States. The increasing number of applications for spot Bitcoin ETFs by major financial institutions, along with recent court battle wins and ETF growth, indicate that it's a matter of when, not if, spot Bitcoin ETFs will be available to investors. These ETFs will streamline and facilitate mainstream institutional adoption of digital assets. The approval of spot Bitcoin ETFs will bring fresh capital into the market and allow investors to directly invest in Bitcoin in simplified ways. The SEC's approval of BlackRock's iShares Bitcoin Trust application, which includes a surveillance-sharing agreement, could set a precedent for other companies. Once spot ETFs are available, institutional flows of funds into Bitcoin are expected to increase. Major asset managers have also applied to offer Ethereum ETFs. Traditional hedge funds are increasingly looking to increase their exposure to digital assets, and optimism about the future of crypto assets is high. Spot Bitcoin and Ether ETFs offered by trusted financial institutions will break down barriers and drive mainstream adoption of digital assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The CEO of nChain, Christen Ager-Hanssen, has resigned from his position, claiming a conspiracy to defraud shareholders. He also expressed doubt about Craig Wright's claim of being Satoshi Nakamoto, citing evidence of document manipulation. Ager-Hanssen predicted that Wright would lose his legal battles regarding his claims. The allegations against Wright add further doubt to his legitimacy as Satoshi Nakamoto. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

EcoFin101

Never buy memecoins and DYOR.

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tldr; The co-founder of cryptocurrency hedge fund Three Arrows Capital, Su Zhu, has been arrested in Singapore and sentenced to four months in jail. The company filed for bankruptcy last year after suffering losses in the crypto market. Zhu's arrest came after he failed to comply with an investigation into the company's failure. The whereabouts of his co-founder, Kyle Davies, are currently unknown. The Monetary Authority of Singapore has banned both individuals from conducting regulated investment activity for nine years. The liquidator of Three Arrows is attempting to recover the company's assets and return funds to its creditors, but Zhu and Davies have been uncooperative. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Google Cloud has joined the Polygon ecosystem as a Proof-of-Stake (PoS) validator. This move adds an extra layer of security for the Polygon network, which aims to provide a fast and low-cost Ethereum protocol. Google Cloud's involvement in the blockchain industry demonstrates its interest in emerging technologies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The CEO of Evai, a crypto valuation platform, has expressed optimism about the future of XRP, following its recent victory against the SEC. He believes that a price surge for XRP may be inevitable, based on market insights from bullish crypto analysts. While the bullish trend is positive news for the XRP community, it remains to be seen if it can be sustained. The CEO remains cautious and will wait for more evidence before becoming a long-term investor. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Crypto projects lost nearly $889 million to hacks, phishing scams, and rug pulls during the third quarter, blockchain security firm Beosin revealed in its Global Web3 Security Report. According to the report, crypto investors lost $282.96 million to rug pulls across 81 incidents, while phishing schemes generated $66.15 million in ill-gotten gains during the same […] The post Crypto projects lose nearly $900M to hacks, exploits in Q3 – report appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Invesco and Galaxy Digital have reportedly filed for a spot Ether (ETH) exchange-traded fund (ETF). This filing adds to the growing number of investment managers seeking regulatory approval for a spot ETH ETF. While a spot Ether ETF may take some time to become available, futures-based Ether ETFs are expected to launch as early as next week. Investment firms such as VanEck and Valkyrie are preparing to add ETH futures vehicles to their portfolios. Bitwise and Proshares have also applied for futures Ether ETFs. The price of Ether is currently trading positively at $1,666. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Crypto analyst Michaël van de Poppe believes that the altcoin Kaspa is ready for a new leg up and could reach a new all-time high of $0.068, representing a 41% increase from its current price. Kaspa needs to turn the resistance around the $0.049 level into a support zone to continue its upward trend. If the market turns bearish, Van de Poppe is interested in buying between $0.036 and $0.04. Additionally, Van de Poppe expects the altcoin RNDR to continue rallying, with a break above $1.65 likely leading to further gains. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Nearly a year after the FTX exchange hack, the attacker moved $10 million in Ethereum from a breached wallet. FTX founder, Sam Bankman-Fried, facing seven fraud-related charges, is set to commence trial in October. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Brazil has developed a blockchain network to support the rollout of a new national identity card. The network, called b-Cadastros, will provide an extra layer of security for data sharing across the federal revenue service and civil identification bodies. The blockchain-enabled ID card aims to centralize the country's civil identification system, reduce fraud, and provide a safer digital experience for citizens. The new ID cards, which include a printed QR code for validation, are being issued nationwide, with some states already implementing the blockchain-based system. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The U.S. dollar has lost 99.5% of its value against Bitcoin in the last 10 years, according to data from Bitstamp's BTC/USD price chart. This represents a price appreciation of over 22,000% for Bitcoin against the USD. Even the second-worst performer, the Sudanese Pound, has lost less of its purchasing power against the dollar than the dollar has against Bitcoin. Bitcoin has also outperformed other fiat currencies, such as the Indian Rupee and the Pakistani Rupee, which have seen losses of 99.63% and 99.82% against Bitcoin, respectively. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Google Cloud has joined Polygon as a decentralized validator, reinforcing the security of the Heimdall, Bor, and Polygon PoS users. This collaboration reflects Google Cloud's continued commitment to Web3 projects collective security and decentralization. Polygon's MATIC price experienced a minor uptick, signaling a potential recovery from a recent downtrend. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The article discusses the potential saturation of the artificial intelligence (AI) market. It compares the current AI boom to previous tech bubbles, such as the dot-com era and the blockchain hype. While some believe that the AI market is near its saturation point, others argue that we are only at the beginning of AI's potential. The article highlights the real-world applications of AI and the rapid growth and high valuations of AI startups. It also mentions concerns about a potentially saturated market and the need for a balance between rapid growth and sustainable development in the AI industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitwise Asset Management has announced that it will launch two Ethereum-focused ETFs on October 2, 2023. The Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF will allow investors to access CME Ether futures within a regulated ETF framework. This move comes after Bitwise amended its application for a spot Bitcoin ETF. The approval of these ETFs could be influenced by the outcome of the Grayscale lawsuit, which supports the transformation of Grayscale Bitcoin Trust into a Bitcoin ETF. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Bitcoin price is experiencing its best September since 2016, with a nearly 4% increase month-to-date. However, the quarterly performance for Q3 shows a decline of 11.5%. Traders and analysts are closely watching the monthly candle print and are hopeful that a green September will lead to a positive October, November, and December. Some technical indicators suggest bearish signals, and the impending United States government shutdown may further suppress BTC price action. Traders are advised to be cautious and not get lured into traps set by "killer whales." The BTC/USD order book on Binance shows bid liquidity at $26,800 and sellers waiting at $27,500. Overall, the market is expected to be less volatile until the new week begins. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ripple has released a FAQ document providing information about the XRPL EVM sidechain, a new platform that allows developers focused on Ethereum-like blockchains to move their dApps to the XRP Ledger with minor modifications. The XRPL EVM sidechain brings interoperability, flexibility, and developer friendliness to the XRP Ledger ecosystem. The sidechain will be 100% permissionless, allowing for the launch of applications without amendment approval. Additionally, independent groups will be able to create multiple permissioned sidechains for specific use cases. The XRPL EVM sidechain is not meant to compete with Hooks and Xahau, other programmability concepts for XRPL, but rather to onboard developers from EVM protocols. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Roughly 2,500 ether ($4 million) connected to the apparent exploit of FTX during last year's debacle is on the move for the first time in nearly one year. The funds were divided via multiple transactions, with 700 ether transferred using the Thorchain Router and 1,200 ether transferred through Railgun, a privacy-focused DeFi wallet. The identity of the exploiter and the exact method of the exploit remain unknown. The exploiter still holds 12,500 ether ($21 million) in its original wallet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

IanfinityXD

Hence the importance of DYOR, and inverse r/cc rule!

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tldr; A South Korean professor has invented a toilet that converts human waste into biogas and fertilizer. The faeces are broken down and converted into methane, which can be used as an energy source. The methane has been used to power a gas stove, heat water, and a fuel cell. The professor has also created a cryptocurrency called Ggool, which can be earned by using the toilet and can be used to purchase various items on campus. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Binance, one of the largest cryptocurrency exchanges, has experienced a significant drop in Bitcoin trading volume, with a 48% decline. This decline coincides with the reintroduction of fees for its most heavily traded BTC pairs. This is the second-largest monthly drop since April, and both declines occurred when Binance removed zero fees for its largest BTC pairs. The exchange has also faced regulatory challenges in the United States and Europe, negatively impacting its market share. Binance has seen the departure of several top executives recently. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.