Day: April 3, 2023

PancakeSwap changes its recipe with the launch of Version 3

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Decentralized finance (DeFi) protocol PancakeSwap has launched version 3 of its automated market maker platform on BNB Chain and Ethereum, with the upgrade encompassing performance improvements and lower fees. Enhanced capital efficiency is cited as a key aspect of the upgrade, with a change in how liquidity providers can allocate capital on specific price intervals. In the previous version of PancakeSwap, liquidity from providers (LPs) was distributed uniformly along the price curve of trading pairs, which the platform notes was inefficient given that assets typically trade within certain ranges. V3…

OKX launches metaverse training session with football star Rúben Días

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Cryptocurrency exchange and Web3 technology developer OKX has been active in the space over the last month, with the latest announcement on its first immersive metaverse fan experience as a part of its “OKX Collective.” On April 3, the company revealed a collaboration called “Train Like Dias” with one of its brand ambassadors and footballer from Manchester City, Rúben Días. According to the announcement, fans will be able to virtually experience Días’ favorite training techniques and have exposure to coaching and tips. The experience is open to fans within the…

American Bank Runs Pull Bitcoin Liquidity to 10-Month Low

As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry. The recent bank runs of American banks as recorded in March have fueled a massive pulldown on the liquidity base of Bitcoin (BTC), the world’s largest digital currency by market capitalization. As reported by CoinTelegraph citing data from crypto analytics provider, Kaiko, the drained liquidity in the market has hit a 10-month low despite the bullish price outlook of Bitcoin…

Chinese EV Brand Li Auto Registers 66% Surge in Q1 2023 Deliveries

Li Auto claims to have grabbed 20% of the total market for SUVs in the price range of 300,000 yuan ($43,674) to 500,000 yuan.  Chinese electric carmaker Li Auto registered a massive surge in sales for the last month of March and thus for the entire Q1 2023. During the month of March, Li Auto delivered a total of 20,823 vehicles. This was more than what rival company Xpeng did during the entire first quarter. Li Auto in Q1 2023 During the first three months of the year, Li Auto…

Worldcoin Launches World ID, an AI Resistant, Iris Dependant ID Protocol – Blockchain Bitcoin News

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Worldcoin, a project co-founded by Sam Altman, who is also a co-founder of artificial intelligence (AI) startup Openai, announced the launch of World ID, a digital proof of personhood ID protocol. The protocol allows for an AI-resistant verification of humanness online, using a device called the orb to scan the iris of each person for verification. Worldcoin Launches Iris-Based World ID Humannness Verification System To Counter AI Worldcoin, a cryptocurrency token project that was co-founded by Sam Altman, co-founder of Openai, has launched World ID, an AI-resistant protocol that will…

Who paid for Twitter Blue verification? Here’s how to find out

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With Twitter allowing users to verify their accounts for a monthly fee, the number of accounts with a blue checkmark — previously associated with prominent figures — has flooded the social media platform. A browser extension available for Chrome, Firefox and Safari aims to bring back the balance by revealing the accounts that have paid $8 for subscribing to Twitter Blue. Under the direction of Elon Musk, Twitter rolled out the “Twitter Blue” subscription to discourage spam bots and fake accounts on the platform. However, when the service was initially…

Messi-Endorsed Crypto Exchange Bitget Has Been Flagged by Japan

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Japan’s Financial Services Agency (FSA) has warned against four foreign cryptocurrency exchanges supposedly operating in the country without local registration. These exchanges are Bybit, BitForex, MEXC Global, and Bitget. According to the FSA notice issued last Friday, all four named cryptocurrency exchanges are in violation of the country’s fund settlement laws as they conducted “crypto asset exchange business without registration.” The regulatory warning further highlighted that having a list of unregistered traders “does not necessarily indicate the current state of unregistered business.” Bybit is a big name when it comes…

Sandwich trading bots lose bread and butter in $25M exploit

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Maximal Extractable Value (MEV) bots who were trying to perform “sandwich trades” got outsmarted by a rogue validator, leading to a loss of $25 million worth of digital assets.  In a Twitter post, blockchain security firm CertiK highlighted that bots who were trying to execute sandwich transactions — spotting when traders are trying to purchase tokens and getting in between the trade for some profit — lost a huge amount of crypto to a validator that went rogue. #CertiKSkynetAlert It appears that several MEV bots were exploited in Ethereum block…