Day: November 19, 2022

Decentralization index from Cardano builder, U of Edinburgh will help users understand assets

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The University of Edinburgh and Input Output Global (IOG), the builder of the Cardano network, have teamed up to create a blockchain decentralization index, IOG announced on its blog. The new service is the first of its kind and will use a “research-based” methodology developed at the university.  The Edinburgh Decentralization Index (EDI) has been in development for several months and was introduced in Edinburgh on Nov. 18, but it is not yet operational, according to IOG: “The first step for the tracker is the creation of research papers detailing decentralization…

What Is Blockchain Technology? | How This Works | Blockchain Applications | Malayalam

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What Is Blockchain Technology? | How This Works | Blockchain Applications | Malayalam This video explaining what is block chain management and blockchain technology. Also discussing various components of blockchain such as 1. What is a block? 2. The contents of the block – Data, Hash code and hash code of the previous block? 3. What are the security measures in blockchain technology while adding a block to the blockchain? 4. How the chain is formed? 5. What is proof of work?…

Is DOGE really worth the hype even after Musk’s Twitter buyout?

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2022 continues to be a year of surprises, with one of the biggest so far being Elon Musk’s decision to acquire social media juggernaut Twitter for a whopping $44 billion. While the takeover has set into motion a whole host of debates — particularly those pertaining to Big Tech censorship — it has also called into question the future of Dogecoin (DOGE), a digital currency of which the billionaire has been a big proponent over the last couple of years. To put things into perspective, just hours before Musk tweeted…

ALGO Nearly 10% Higher, TRX Extends Recent Gains – Market Updates Bitcoin News

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Algorand has been a notable exception in what has been a relatively bearish start to the weekend. On Nov. 19, the token rose by nearly 10%, as cryptocurrency markets mostly traded lower. Another noteworthy exception was tron, which climbed for a second consecutive day. Algorand (ALGO) Algorand (ALGO) was a notable gainer on Saturday, as the token moved towards a one-week high. Following a low of $0.277 on Friday, ALGO/USD climbed to an intraday high of $0.3102 earlier in the day. This saw the token climb by nearly 10% in…

Self Custody Fever: Over 220,000 BTC Withdrawn from Exchanges since November 7

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The self-custody fever of investors has started depleting bitcoin reserves in many crypto exchanges except a few at the top as investors are taking bitcoin into self-custody, shaken by the FTX collapse and its aftermath. The bankrupt exchange FTX first halted client withdrawals and then moved to file bankruptcy suit. Barring two exchanges with the largest bitcoin balances – Coinbase (529,000) and Binance (479,000) with modest declines over the past week, other exchanges faced significant declines. Over 220,000 BTC Withdrawn According to data from Coinglass, roughly 26,000 more bitcoin (BTC)…

Tutorial: Adding crypto to your Coinbase Wallet

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io – To start exploring the world of crypto with your self-custody wallet, you’ll first need some crypto. In this video, we’ll walk through how you can buy, add and transfer crypto to your Coinbase Wallet. Coinbase Wallet. Your key to the world of crypto. Visit Coinbase.com/wallet to get started. At Coinbase, our mission is to create an open financial system for the world. ✅ Subscribe to our channel here: ► To own a piece of the future visit Coinbase: ► Follow us…

MATIC Backpedals Into Bearish Track Despite Its Network Growth

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The current state of MATIC and Polygon’s crypto ecosystem ranks among the worst. It took a toll on In the wake of FTX’s demise, the industry-wide contagion has impacted other projects, Polygon among them. Despite this, Polygon is in the top three DeFi companies in terms of revenue. However, Polygon and its native coin is seen to continue to bear the brunt of the pains from the collapse of FTX. Can MATIC truly rally now, as it falls to its support at $0.82 despite its social dominance? For MATIC, It’s…

Can reserve audits avoid another FTX-like moment?

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In the wake of the FTX collapse that came about as a result of the now-bankrupt cryptocurrency exchange funneling user funds to mitigate its own risks, crypto exchanges came up with a transparency solution called proof-of-reserves.  A practice, which was recently endorsed by Binance CEO Changpeng Zhao, offers a way for exchanges to show provide transparency to users in the absence of clear regulations. All crypto exchanges should do merkle-tree proof-of-reserves. Banks run on fractional reserves. Crypto exchanges should not.@Binance will start to do proof-of-reserves soon. Full transparency. — CZ…

Crypto Exchange FTX Fires 3 Top Executives, Report Reveals – Exchanges Bitcoin News

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Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management Lose Their Jobs, Spokesperson Quoted Troubled cryptocurrency exchange FTX has fired three of its top executives, according to a report by the Wall Street Journal on Friday, citing an FTX spokeswoman. One of the high-ranking managers that has been released from duties is co-founder Gary…