Topics

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Useful Cryptocurrency Resources / What is decentralized identity in blockchain?

« on: September 04, 2022, 10:16:30 PM »

Though the decentralized identity technology is fairly new, initiatives and players in the decentralized identity space, software for implementing decentralized identity wallets and supporting services are plentiful. They range from the Hyperledger open-source developing community, through a range of decentralized identity protocols and startups, to some of the biggest names in the industry.

Decentralized identity protocols and private identity stores such as uPort or 3Box are called identity hubs. Recently, the Ethereum-based uPort platform split into two new projects: Veramo, an open source framework for identifiers and credentials, and Serto – both of which carry on the mission of decentralizing the internet. 3Box Labs, in turn, went headlong into the development of Ceramic Network, a decentralized data network that brings unlimited data composability to Web3 apps, and Identity Index (IDX), a cross-chain protocol for decentralized identity and interoperable data.

Other DID platforms are ION, an open public layer-2 decentralized identity network that runs atop the Bitcoin (BTC) blockchain based on the purely deterministic Sidetree protocol. The notable Polkadot (DOT) ecosystem player Dock protocol enables everyone to issue and build solutions for decentralized identity and verifiable credentials that are instantly verifiable using blockchain. The Sovrin Network is an open-source, decentralized, public identity network metasystem to create, manage and control self-sovereign digital identity. ORE ID is the universal authentication and authorization.
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Useful Cryptocurrency Resources / PwC Venezuela Twitter account hacked, attacker shills fake XRP giveaway

« on: September 04, 2022, 10:14:40 PM »

An attacker gained access to PwC Venezuela’s Twitter account and has been actively posting cryptocurrency phishing links for the last 8 hours at the time of the writing. Considering that all the tweets posted by the hacker remain active, it is evident that PwC officials are yet to realize the compromise. Investors clicking on the links remain at risk of being defrauded by the hacker. If not mitigated promptly, the threat may be catastrophic, considering that PwC Veleneula’s Twitter currently boasts over 37,000 followers.

Cointelegraph has reached out to PwC Venezuela to inform them about the hack. PwC Venezuela has not yet responded to Cointelegraph’s request for comment.

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Useful Cryptocurrency Resources / Elon Musk-crypto video played on S. Korean govt's hacked YouTube channel

« on: September 04, 2022, 10:10:10 PM »

A YouTube channel owned by the government of South Korea was reportedly hacked and renamed SpaceX Invest, following which the channel uploaded fabricated videos of Elon Musk discussing cryptocurrencies.

On Sept 3, the South Korean government's YouTube channel was momentarily hacked and renamed for sharing live broadcasts of crypto-related videos. However, the account was soon restored within four hours following a proactive intervention, confirmed a local report from Yonhap News Agency (YNA).
Information: clicking

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Useful Cryptocurrency Resources / Repurposing Bitcoin mining heat can solve global energy crisis: Arcane

« on: September 04, 2022, 10:08:34 PM »

The flexibility behind running Bitcoin (BTC) mining operations can be vital to solving the real-world problems that stand in the way of the energy industry, suggests Arcane research.

One of the biggest concerns authorities raise when it comes to Bitcoin’s mainstream adoption is its energy requirements. While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin mining, a report from Arcane reveals the market’s potential to transform the energy industry. Owing to low cost of reacting, Bitcoin mining complements the growth of wind and solar grids, which often produce unstable and non-controllable energy. Arcane research points out that the Electric Reliability Council of Texas, to date, has only allowed bitcoin miners to participate in the most advanced demand response programs.

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Crypto Discussion / El Salvador Bitcoin bond delayed due to security concerns: Bitfinex CTO

« on: September 04, 2022, 10:01:41 PM »

El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again.

The Bitcoin bond, also known as the Volcanic bond, or Volcanic token, was first announced in November 2021 as a way to issue tokenized bonds and raise $1 billion in return from investors. The fundraiser will then be used to build a Bitcoin City and buy more BTC.

The bond was set to be issued in the first quarter of 2022 but was postponed to September in the wake of unfavorable market conditions and geopolitical crises. However, earlier this week, Bitfinex and Tether chief technology officer Paolo Ardoino revealed that the Bitcoin bond will be delayed again to the end of the year.

Ardoino, in an exclusive conversation with the Cointelegraph, revealed that the current delay in the launch could be attributed to the internal security issues where the nation’s security forces have had to confront the scourge of gang violence in the country. This has diverted the focus of government resources, and “the delay in the launch of the Volcano Token has to be viewed in this context.”
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Useful Cryptocurrency Resources / MakerDAO co-founder recommends DAI-USD depegging to limit attack surface

« on: August 28, 2022, 09:45:50 PM »

In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO).

In his blog post, “The Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai,” Christensen disclosed miscalculating the risks related to risk-weighted assets (RWA). He stated:read more

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Useful Cryptocurrency Resources / Binance froze $1M corporate account due to law enforcement request

« on: August 28, 2022, 09:43:54 PM »

Major crypto exchange Binance has c7onfirmed it restricted account access to $1 million in crypto for a Tezos tool contributor after being called out on social media.

In a Thursday Twitter thread, Binance said it had restricted the account of Tezos staking rewards auditor Baking Bad “as the result of a law enforcement request.” The Tezos contributor alleged that the crypto exchange had blocked access to its corporate account containing Bitcoin (BTC), Ether (ETH), Polgyon (MATIC), Tether (USDT) and other tokens since July 1 “without any explanations” — a claim Binance denied.
Link to information:click

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Bengali Language / Binance Coin price update daily

« on: August 27, 2022, 04:11:39 PM »

BNB price today is $283.12 USD with a 24-hour trading volume of $1,138,196,239 USD. We update our BNB to USD price in real-time. BNB is down 4.23% in the last 24 hours. The current CoinMarketCap ranking is #5, with a live market cap of $45,677,671,356 USD. It has a circulating supply of 161,337,261 BNB

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Bengali Language / ইথেরিয়ামের মূল্য প্রতিদিন

« on: August 27, 2022, 04:09:38 PM »

ইথেরিয়ামের মূল্য আজ হল $1,501.20 USD যার 24-ঘন্টার ট্রেডিং ভলিউম $24,512,255,891 USD।  আমরা রিয়েল-টাইমে আমাদের ETH থেকে USD মূল্য আপডেট করি।  গত 24 ঘন্টায় ইথেরিয়াম 11.09% কমেছে।  বর্তমান CoinMarketCap র‍্যাঙ্কিং হল #2,

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Crypto Discussion / SHIB Technical Analysis: Facing Resistance at $0.00002963

« on: October 19, 2021, 10:49:24 AM »

Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin. The SHIBA INU website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market. Let us look at the technical analysis of SHIB.
Source:see click

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Crypto Discussion / Ukrainian president returns virtual asset bill to parliament for revision

« on: October 19, 2021, 10:47:06 AM »

Volodymyr Zelensky did not object to the bill's fundamental principles, but opposed the idea of creating a new watchdog agency. Volodymyr Zelensky, president of Ukraine, has delayed signing a bill that would establish the nation’s regulatory framework around digital assets. The draft law, entitled “On virtual assets,” secured parliamentary approval on Sept. 8. However, according to an Oct. 5 statement issued by the presidential office, Zelensky remitted the legislation back to the parliament alongside a number of proposed improvements.

As per the statement, the president’s major objection to the legislation in its current shape is the costliness of establishing a new regulatory body for digital asset oversight:see more

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Crypto Discussion / El Salvador removes BTC price feed from Chivo app to crack down on arbitrage sca

« on: October 19, 2021, 10:45:34 AM »

Users of the Salvadoran government’s Chivo wallet will not be able to see frozen price quotes until the feature has been removed to deter arbitrage scalpers. The Salvadoran government has moved to prevent users of its Chivo digital wallet from gaming the app’s price freeze feature to glean risk-free profits through arbitrage.

On Oct. 19, Chivo’s Twitter account announced that wallet users will not be able to see the reference price provided for trades executed using the price freeze feature — which allows traders to retain the Bitcoin (BTC) price quoted by the app for up to one minute.

Chivo tweeted that opportunistic traders have been using the price freeze feature to scalp for arbitrage across other cryptocurrency trading platforms globally during periods of significant price volatility for Bitcoin. The frozen price feature gave traders an opportunity to take advantage of price gaps in other exchange rates while quickly using the lightning network to move assets, Chivo explained.source

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Crypto Discussion / Dips Limited in ETH?

« on: October 19, 2021, 10:43:31 AM »

If ethereum fails to continue higher above the $3,840 and $3,920 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,780 level and the 100 hourly SMA.

The first key support is now forming near the $3,720 level and the triangle lower trend line. If there is a downside break below the $3,720 support, the price could decline further. The next key support is near $3,650.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $3,720

Major Resistance Level – $3,920
See the source:click

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Crypto Discussion / Ethereum Breaking This Barrier Could Spark a Significant Surge

« on: October 19, 2021, 10:42:16 AM »

Ethereum remained supported above the $3,650 zone against the US Dollar. ETH must clear the $3,850 and $3,900 resistance levels to continue higher in the near term.

Ethereum started a fresh increase above the $3,700 and $3,750 resistance levels.
The price is now trading above $3,800 and the 100 hourly simple moving average.
There is a major contracting triangle forming with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh rally if it clears the key $3,920 resistance zone.
Source:click

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Crypto News from the USA / Coinbase Proposes US Create New Regulator to Oversee Crypto

« on: October 15, 2021, 04:45:29 AM »

Crypto exchange Coinbase wants the U.S. government to create a new regulator to oversee the cryptocurrency industry.

Unveiled Thursday, Coinbase’s Digital Asset Policy Proposal suggests Congress pass legislation to regulate Marketplaces for Digital Assets (MDAs) – its term for crypto exchanges that offer custody and trading services, as well as borrowing and lending services – and create a registration process for those entities. The exchange also proposed that the crypto industry establish a self-regulatory organization for crypto businesses.source