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@daerdoor

234 Following
190 Followers
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@daerdoor
A simple illustration explaining why the capitalization metric (whether for an individual project or the entire market) doesn't give us the full picture
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@daerdoor
Consensys (the developer of Ethereum) is set to reduce (https://fortune.com/crypto/2024/10/29/consensys-layoffs-ethereum-lubin/) its workforce by 20%.
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Circle is introducing a new compliance tool named Compliance Engine, designed to support companies in building programmable wallets while ensuring adherence to stringent regulatory requirements, such as the FATF's travel rule. This service will enable developers to integrate customizable and automated compliance checks into decentralized applications, helping streamline regulatory adherence directly on-chain.
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Celestia Foundation announced that it has raised $100 million in funding, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others.
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Top Upcoming Events of the Next Week.
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Hamster Kombat has released its tokenomics and distributed tokens within the app. Key details include: - Total token supply: 100,000,000,000,000,000 HMSTR. - 60% of the airdrop allocation is reserved for players, while the remaining amount is designated for market liquidity and ecosystem development.
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Telegram has begun cooperating with countries other than France in response to requests related to cybercrime investigations.
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Bitcoin Magazine released a highly critical article about Unisat’s new Bitcoin sidechain, Fractal Bitcoin. The article highlighted concerns over the large-scale pre-mining, with 50% of the supply allocated to areas like ecosystem development, pre-sale, and advisors. It also pointed out that the variant of merged mining used by Fractal Bitcoin poses a threat to Bitcoin's integrity, calling these incentive mechanisms detrimental to the broader Bitcoin ecosystem.
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Circle announced plans to launch its stablecoin USDC on the Sui blockchain.
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The small South Asian nation of Bhutan ranks as the fourth-largest government in terms of Bitcoin holdings, with a total of 13,011 Bitcoins, valued at approximately $780.49 million. Unlike many other governments, Bhutan's Bitcoin holdings are not a result of law enforcement asset seizures but are instead derived from its own Bitcoin mining operations.
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Binance Futures will launch (https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-catiusdt-and-hmstrusdt-perpetual-contracts-with-up-to-75x-leverage-cc509cb14e244c4b9be2cea3b0998bcd?hl=en) futures contracts for #CATI and #HMSTR.
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The U.S. Department of Justice recently revealed (https://news.bitcoin.com/us-sentences-12-in-3-5-million-cryptocurrency-heist-involving-violent-home-invasions/https://news.bitcoin.com/us-sentences-12-in-3-5-million-cryptocurrency-heist-involving-violent-home-invasions/) that 12 individuals have been sentenced for their roles in a string of violent home robberies targeting cryptocurrency. Remy Ra St Felix from Florida, who led the group, was sentenced to 47 years in prison. The group restrained and threatened victims at gunpoint, demanding access to their computers and cryptocurrency accounts.
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DeBank https://debank.com/profile/
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Top 10 countries (https://www.chainalysis.com/blog/2024-global-crypto-adoption-index/) for "cryptocurrency adoption" in 2024: 1. India 2. Nigeria 3. Indonesia 4. USA 5. Vietnam 6. Ukraine 7. Russia 8. Philippines 9. Pakistan 10. Brazil
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The UK government has introduced (https://www.coindesk.com/policy/2024/09/11/uk-introduces-bill-to-clarify-cryptos-legal-status/) a bill that recognizes cryptocurrency as personal property, providing owners with greater legal protection.
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ENS Labs announced that PayPal and Venmo have integrated ENS into their payment systems. U.S. users can now input an ENS name when sending crypto through these platforms, and the system will automatically match it with the associated wallet address. Both PayPal and Venmo have been offering cryptocurrency services since 2021, and Venmo operates as a subsidiary of PayPal.
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Telegram is experiencing issues. Users are reporting widespread problems with very slow content and message loading.
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FriendTech, the Web3 social network that saw a significant surge in activity a year ago, has essentially been shut down. The developers have relinquished control over its smart contracts, making it unlikely that the platform will be revived. With the revocation of contract ownership, any potential new team interested in enhancing the platform's features is now unable to take over.
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Catizen, a TON mini-game backed by Binance, reports having gained 34 million users within six months of its launch. It claims the top spot in revenue among all Telegram applications, boasting 800,000 paying users and an average revenue per paying user (ARPPU) of $33. However, much of this growth may be driven by the volume of airdrops.
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A new Android malware has been discovered that steals private keys from screenshots and images stored in the phone's memory.
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