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Risebit – A New Generation of Decentralized Platforms

Risebit is a blockchain-based investment platform enabling users to generate returns safely and reliably. Users can choose from different investment plans according to their portfolios and strategies. Moreover, they can be part of an entirely community-centered platform where all members have a say in project decisions. Some of the Risebit services include a decentralized crypto exchange, a lending platform, launchpads, staking, and BUSD investment pools. Risebit has reached its token presales in just half an hour and scheduled the official…

The Risks of Investing in Crypto Projects without Smart Contract Audit

Smart contracts are self-executing contracts that run on blockchain technology. They are stored and verified on the blockchain, which means they are transparent and cannot be tampered with. This makes them a secure way to conduct transactions without needing a third party.  Despite their many advantages, some risks exist with using smart contracts. One such risk is investing in crypto projects that have yet to have their smart contracts audited by a qualified auditor.  Without an audit, it cannot be…

Voiders – A Free-to-Play Game Revolutionizing Web3 Gaming

Online gaming has come a long way in the past few years. As time goes by, more and more people enjoy playing games online. Web3 gaming is a growing category of internet games. With the upcoming release of Voiders, gamers now enjoy an even more immersive experience. We decided to explore this new game and see what all the hype was about. Voiders - A Closer Look "Voiders" is close to entering the market as one of the first mobile…

Voltichange Ready to Enhance the Volt Inu Universe

Volt Inu's team recently announced it is about to release its much-expected decentralized exchange. Voltichange should come later in November, but the team's Twitter page hinted at the possibility of an anticipated release happening any day within the next 3 weeks. This new tool will serve as a bridge between any DeFi project and the VOLT ecosystem. The team wants to help existing projects by adding to them the power of VOLT's deflationary mechanisms. Getting Ready for the Voltichange Arrival…

SuperBots Trading in DEX – The Future of DeFi Trading is Here

Trading in decentralized finance is evolving rapidly and empowering people worldwide to access new forms of income. Spearheading this revolution are platforms like SuperBots, a BSC-based protocol enabling users to deposit their capital in vaults for secure and efficient trades on decentralized markets. SuperBots accelerates the mainstream adoption of DeFi trading through high-performance bots that automatically trade for their owners. This way, users can achieve profitable trades, regardless of their experience or skill. Furthermore, the platform does not charge any…

Top Smart Contract Audit and KYC Companies in 2023

It's no secret that business is undergoing fast change. Companies must adapt when new technologies, like smart contracts, emerge to remain competitive. A crucial part of this adaptation process is ensuring compliance with regulations and safety. This is where a company's KYC (Know Your Customer) process or smart contract audit come into play.  To ensure that your company is compliant, working with a reputable smart contract auditor or KYC provider is essential. This blog article discusses the benefits of using…

Affiliate Me Token – A New Marketing Philosophy In the Crypto World

It's no secret that good marketing can make or break a business. Effective marketing is more important than ever in the online world, where competition is fierce. Here, customers have plenty of choices, and companies may need a high budget to launch effective marketing campaigns. Therefore, it's not surprising that startups are turning to cryptocurrencies and blockchain technology to get an edge on the competition. One such project is Affiliate Me Token, which aims to provide a new marketing paradigm…

Automated Trading with No Subscription Fees – How UpBots is Revolutionizing the Trading Industry

Cryptocurrency trading has enhanced the universe of assets available to traders worldwide. However, this practice is challenging for inexperienced or unskilled traders. Furthermore, the ongoing bear market makes trading costly and inconvenient when most platforms charge upfront or subscription fees. As a result, many people avoid entering the market. UpBots aims to change that and take the trading industry to a new level through innovative and affordable solutions. For one, its automated trading service allows users to trade in CEX…

Smart Contracts Vulnerabilities Specific to The DeFi Space

As the financial world moves increasingly online, it's becoming more and more essential to ensure that all transactions run securely. One way this is possible is through the use of smart contracts.  Smart contracts are computer programs that automatically execute the terms of a contract. They provide a secure way to conduct transactions without relying on third-party intermediaries.  While the use of smart contracts offers many advantages, they are also vulnerable to attack. In this blog, we will explore how…

Nayib Bukele: El Salvador Will Buy 1 BTC Everyday Starting Tomorrow

In a tweet on Thursday, El Salvador’s pro-Bitcoin president Nayib Bukele announced the nation’s plans to buy 1 Bitcoin per day, starting tomorrow, 18 November 2022. Tron Founder Justin Sun didn't spare a moment to jump into the conversation announcing he would follow in the nation’s footsteps.  We are buying one #Bitcoin every day starting tomorrow, Bukele stated. El Salvador’s BTC Reserves Suffer Major Losses Amid FTX Saga The nation recently celebrated its anniversary of adopting the leading cryptocurrency as…

Crypto Virally Expands Crypto Marketing Services

Crypto Virally is proud to announce the expansion of its crypto marketing suite and a limited offer on several services. The company has helped many projects grow in recent years and looks forward to continuing its work in the cryptocurrency industry. Crypto Virally specializes in spreading awareness of new crypto projects and digital currency adoption. The company offers various services, including social media marketing, influencer outreach, and content marketing. To celebrate its expansion, Crypto Virally offers up to 70% discounts…

BlockFi May File for Bankruptcy after FTX Collapse

Per a recent publication from the Wall Street Journal, crypto lending platform BlockFi is set to file for bankruptcy. BlockFi's distressed tweets and recent reports credit the forthcoming move to FTX exchange's historic crash, noting “significant exposure” to the failed company.  BlockFi Halts Withdrawals In the days following the fall of Sam Bankman-Fried’s FTX Global, the crypto industry has continued to feel the aftershocks. FTX filed for Chapter 11 bankruptcy alongside 130 affiliated companies including sister firm Alameda research. According…

How FTX’s Fallout Highlights the Virtues of Bitcoin: Michael Saylor

MicroStrategy’s Executive Chairman Michael Saylor believes FTX’s collapse only reinforces the importance of Bitcoin – his favorite crypto asset.  The former CEO spoke at length last week about the primary cryptocurrency’s relationship with the rest of the digital asset market. Is the ‘crypto’ industry helpful or harmful in spreading Bitcoin adoption? Bitcoin’s Unique Attributes In a Coin Stories podcast episode published on Monday, Saylor said the biggest lesson from FTX’s meltdown was “Bitcoin; not crypto.” “This week highlights the contrast…

CZ Dismisses ‘Slight’ Increase in Binance BTC Withdrawals After FTX Crash

As the FTX crisis draws on, competitor and leading global exchange platform Binance recorded a jump in client withdrawals. Users have pulled out assets such as Bitcoin, Ethereum, and other stablecoins from the firm as tensions soar throughout the market.  CZ however dismissed any worries, describing the increased withdrawals as only 'slight' and 'normal'.  Binance Users Withdraw BTC, ETH, and Others On-chain data platform CryptoQuant reports BTC withdrawals on Binance totaling 81,712 tokens. This amounts to roughly $1.35 billion at…

The Risks of Investing in Crypto Projects without Smart Contract Audit

Smart contracts are self-executing contracts that run on blockchain technology. They are stored and verified on the blockchain, which means they are transparent and cannot be tampered with. This makes them a secure way to conduct transactions without needing a third party.  Despite their many advantages, some risks exist with using smart contracts. One such risk is investing in crypto projects that have yet to have their smart contracts audited by a qualified auditor.  Without an audit, it cannot be…

Huobi Publishes Asset Transparency Report, Discloses $3.5B Crypto Reserves 

In the wake of crypto exchange FTX’s resounding crash, Huobi Global has released an asset transparency report. The publication aims to allay user concerns about the security of their funds amidst growing anxiety industry-wide. Huobi Holds $3.5B Worth of Cryptocurrency Per the report, Huobi global’s reserves are worth an estimated total of $3.5 billion. As of Nov 12, the exchange held 191.84 million units of its native token Huobi token (HT), worth about 900M USD. Huobi’s reserves also include 274k…

WMA: FTX Bankruptcy Leads to Huge Market Crash, Bitcoin Drops to $16K

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $833 billion. Bitcoin is down by nearly 23% following a terrible market crash. Ethereum lost almost 25% over the past seven days. XRP decreased by nearly 29% this past week. Almost all altcoins and Metaverse projects are trading in the red. FTX filed for bankruptcy, revealing over $9 billion in liquidity losses. The DeFi…

FTX Officials Verify $600M Hack, Warn Users Off Website

In a statement on the platform’s official Telegram page, FTX’s Telegram admins revealed the platform has been the victim of a hack.  PeckShield Tracks the Hack in Real Time In the closing hours of Friday, several wallets linked to FTX exchange began to suspiciously move assets worth millions of dollars, without any prior notice. This morning, FTX raised the alarm of a breach via its official telegram page. [caption id="" align="aligncenter" width="695"] An alarm was first raised by the FTX…

FTX US Seemingly Freezes Withdrawals Following Bankruptcy Filing

On-chain data indicates that FTX US – which filed for bankruptcy alongside FTX on Friday – has frozen customer withdrawals.  According to Etherscan – an Ethereum block explorer – the FTX US wallet hasn’t processed an outbound transaction since 05:20:11 PM UTC on Friday. Trading on the exchange is still live. However, a notice on the site states that trading may be “halted” within a few days, and that withdrawals “are and will remain open.” FTX, the world’s second-largest crypto…

It’s Official: FTX, FTX US, and Alameda File for Chapter 11 Bankruptcy

After a week-long liquidity crisis followed by a withdrawal freeze, FTX has officially filed for Chapter 11 bankruptcy. Meanwhile, its high-profile leader and former multi-billionaire – Sam Bankman-Fried (SBF) – has resigned as CEO. In a press release on Friday, FTX announced that it has commenced Chapter 11 proceedings in the United States alongside over 130 affiliated companies.  One of those companies is Alameda Research – a trading desk SBF previously launched. Many believe it deeply intertwines with FTX.  FTX’s…

No Funds From Tether as FTX Faces $9B Liquidity Crisis

In a tweet on Thursday, Tether CTO Paolo Ardoino revealed that the stablecoin issuer has no intentions of an FTX bailout.  SBF Seeks Funds From Various Sources Sam Bankman Fried-led crypto exchange FTX is grappling to stay above water as fears of insolvency push an ongoing bank run. The platform’s Tuesday controversy regarding a Binance acquisition further worsened the situation. Now SBF is on the hunt for rescue funds scaling $9 billion and he is looking to both investors and…

Ex-Kraken Chief Calls Out Sam Bankman-Fried for “Sociopathic” Behavior

Former Kraken CEO Jesse Powell is indignant over FTX CEO Sam Bankman-Fried (SBF)’s behavior preceding the fallout of the latter’s company. In a Twitter thread on Thursday, Powell blasted the young billionaire for recklessly tarnishing the crypto industry’s reputation.  Powell Calls Out SBF The Kraken co-founder, known as a long-time crypto veteran and believer, called this week’s events a “massive setback” for the industry.   Noting that the crypto industry is the frequent target of con artists, he said the community…

Voiders – A Free-to-Play Game Revolutionizing Web3 Gaming

Online gaming has come a long way in the past few years. As time goes by, more and more people enjoy playing games online. Web3 gaming is a growing category of internet games. With the upcoming release of Voiders, gamers now enjoy an even more immersive experience. We decided to explore this new game and see what all the hype was about. Voiders - A Closer Look "Voiders" is close to entering the market as one of the first mobile…

Checkmate: Binance Moves to Acquire FTX

Binance has announced it is set to acquire its rising rival, FTX. Binance CEO, Changpeng Zhao made this known in a tweet. “This afternoon, FTX asked for our help. There is a significant liquidity crunch,” the tweet began. FTX CEO, Sam Bankman-Fried also confirmed the news that has left the crypto community shocked. https://twitter.com/cz_binance/status/1590013613586411520?s=20&t=Qewt2lazmWepw5Il0h71ag FTX’s solvency has been in doubt since reports emerged that Alameda, FTX’s sister firm, only held FTT on its balance sheet. Following the report, Binance stated…

Voltichange Ready to Enhance the Volt Inu Universe

Volt Inu's team recently announced it is about to release its much-expected decentralized exchange. Voltichange should come later in November, but the team's Twitter page hinted at the possibility of an anticipated release happening any day within the next 3 weeks. This new tool will serve as a bridge between any DeFi project and the VOLT ecosystem. The team wants to help existing projects by adding to them the power of VOLT's deflationary mechanisms. Getting Ready for the Voltichange Arrival…

Alameda Allays BitDAO’s Fears of 100M BIT Token Dump

In response to a request from BitDAO, principal trading firm Alameda Research has provided proof of funds. The DAO called for it on Tuesday due to concerns that Alameda may have had a hand in the BIT token’s unexpected plunge. This is the latest development in an ongoing debacle the Sam Bankman-Fried-led firm appears involved in.  Alameda and BitDAO Swap Agreement In November last year, BitDAO and Alameda entered an agreement that saw them exchange 100M BIT tokens and 3362315…

SolidProof to Offer Discounts on their Audit, KYC, and Crypto Marketing Services

SolidProof has just announced it offers discounted prices on its smart contract audit, KYC, and marketing services. This offer is available for a limited time and varies on the number of purchased services. SolidProof is a company with multiple services in the growing crypto market. It offers auditing, KYC, and marketing services, among others. The move aims to help businesses in the crypto market take advantage of SolidProof's services.  A Time-Limited Offer Until the end of the year, SolidProof is…

British Bank Santander to Censor Transfers to Crypto Exchanges

The U.K bank Santander will prevent its customers from sending real-time transfers to cryptocurrency exchanges starting next year.  The prohibition aims to protect customers from scams and fraud, as well as the general risks associated with crypto investing.  Banks Blocking Bitcoin Purchases? In a notice published to its website on Friday, Santander said that certain new limits would be imposed starting next week. These include a £1,000 limit per transaction when using online or mobile banking, and a £3000 limit…

Hacker Moves $2.5M of Deribit Loot to Tornado Cash

Per Etherscan data, the culprit behind last week’s $28M attack on exchange platform Deribit is transferring the funds via crypto mixer Tornado Cash. Hacker Transfers Part Loot in 17 Operations So far, the Deribit attacker has moved 1,610 Ethereum tokens, over 2.5 million USD at ETH’s current prices.  The hacker processed the move in 17 transactions, sixteen 100 ETH transfers, and 10 ETH later on. The first dates back to November 5, roughly 2 days after the breach took place. Notably,…

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