In a latest op-ed published as a part of CoinDesk's Consensus Magazine Trading Week, Aleph Zero's Antoni Zolciak writes about the trading tools that institutions need to enter DeFi.
Takeaway? Transparency, privacy, compliance, and speed.
Sunday, November 19, 2023
BTC Spot ETF - After the approval
So we all know the market is pumping in anticipation of Bitcoin Spot ETF approvals, and many speculators expect approval in or before January. A lot of times in crypto (and the stock market in general), the event passes and the relevant asset crashes (because 'sell the news').
With the ETF it SHOULD be different, at least in my mind. However, I expect that the approvals will come, and many people will expect custodial purchasing to begin immediately.
So my topic for discussion - what will happen following the Spot ETF approval? Are we going to witness institutional players immediately purchasing in anticipation of future demand? Will these vehicles take a significant period of time to set up within brokerages, leading to a lull that causes the 'sell the news' crash to occur? Or will they have everything ready to go in the back end and immediately start offering their products?
Curious what everyone is anticipating
TaBit Dapp
As you well know we have dived into developing groundbreaking #deFi platforms like #TaBit. These projects hinge on external price feeds for functionality. Take the TaBit #dapp, for instance, it relies on recent candle opening prices within a specific timeframe to initiate events.Also once price reaches each of event boundaries, closure occurs, determining winners/losers. These crucial data feeds are known as #blockchain #oracles.
#LQR $LQR #LaqiraProtocol #BSC #Bitcoin
How TaBit works!
1- Opening the wallet and navigating to the browser section. Entering the TaBit Dapp website address.
2- Clicking on the "Connect Wallet"
3- Clicking on the "Connect"
4- Specifying the BSC network and initiating the connection process
5- Pressing the "Approve" and confirming the action
6- Reconnecting the wallet using the "Connect Wallet"
7- Entering an event by selecting either "Long" or "Short" options
8- Placing a bid for the event and clicking on the "Submit" to confirm it
9- Pressing "Approve" to authorize the bid.
10- Re-establishing the wallet connection using the "Connect Wallet"
11- Successfully participated in the trading event
To access the TaBit Dapp, click on the link below:
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#LaqiraProtocol #LQR $LQR
📋 Contract: 0xbc81ea817b579ec0334bca8e65e436b7cb540147
✅Exchange 1 (PancakeSwap) :
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Sina Osivand
Crypto Trading / Analyst
CEO at TOBTC Trading LLC Company
Founder of Laqira Protocol
Twitter: https://twitter.com/SinaOsivand/
LinkedIn: https://linkedin.com/in/sinaosivand
—————————————————————————
LaqiraProtocol Website:
https://linktr.ee/LaqiraProtocol
LaqiraProtocol Socials:
Twitter: https://twitter.com/LaqiraProtocol
Telegram: https://t.me/laqira_official
Group: https://t.me/LaqiraProtocol
Instagram: https://instagram.com/laqira_protocol
Medium: https://medium.com/@LaqiraProtocol
Reddit: https://www.reddit.com/user/laqiraprotocol/
LinkedIn: https://www.linkedin.com/company/laqira-protocol
Discord: https://discord.gg/ZGW3Ga7AKh
Pro/Con of Nostr Clients
Bitcoin tech is winning! Nostr is a decentralized social media protocol that allows for Bitcoin lightning tips. Because it’s decentralized, it allows for a variety of different clients. Some new users may be unaware of the privacy or security risks of different clients.
Here’s the Pro/Con of some Nostr Clients
Iris.to (website) Pro: Everyone has a web browser, so it’s easy for beginners to on-board. Simple easy layout. Con: They use CloudFlare, so do NOT let the website see your private key. You need to use the Flamingo browser extension to sign events because CloudFlare strips away httpS encryption. Without a browser extension, it should be treated like you’re handing your private key to the US government. You can’t view DMs using a browser extension only. Also CloudFlare will browser fingerprint you and block Tor.
Primal.net (website or mobile apps) Pro: Fast for Tor. I recommend this only for Tor browser. The reason it’s fast is because you’re not getting the content from each individual relay, but it’s aggregated to their database. Con: Primal’s model is closer to traditional social media, where they can censor content. Beyond using this for speed on Tor, it’s dangerous centralization.
Amethyst (Android) Pro: FOSS Android client in the F-Droid store that works on degoogled phones. Not only is the interface just like Twitter, but they added in “sealed sender” style DMs, similar to Signal to hide metadata. Con: Be aware that if you’re not using a degoogled phone, then Google and therefore the government can probably get your private key.
Gossip (desktop) Pro: This is what I’d use for famous or controversial influences with a high threat model. Desktop Linux is supported, and it’s programmed in Rust which could potentially add security against memory corruption for poorly vetted third party images downloaded off relays. Password lock on posting is good. Con: No sealed sender DMs yet. Hard to use. Tip: You want to first try Amethyst, then graduate to Gossip when you understand that you have to enter a relay where someone posts to find them. (hint: lookup their relays quickly on Tor via primal.net.)
Lume (Desktop) Pro: This is supposed to emulate Tweetdeck. Lots of features such as mapping relationships, good widgets for hashtags and topics. Password lock is good. Go for this on Microsoft Windows. Con: There’s still Linux bugs. I can’t recommend it for Linux, as I had issues. However, the developer has significantly improved Linux builds from just a few months ago, but it’s not there yet.
Damus Pro: iPhone Client for less tech-savvy users, very easy to on-board people and get started Con: Apple (and therefore the government) can probably get that private key, but again for the average person it’s ok.
This is reposted from Simplified Privacy’s Nostr feed: npub14slk4lshtylkrqg9z0dvng09gn58h88frvnax7uga3v0h25szj4qzjt5d6
Saturday, November 18, 2023
Theory: Artificial Intelligence began to exist after the crypto boom.
I am always thinking about this. Are this two events related?
My theory, is that someone figure it out how to make AI "come to live" and that it needed a huge amount of computations, like... the computations of almost all the CPUs y GPUs possible... And then... in 2009 a misterious man that we exactly don't know if it's real, Satoshi Nakamoto... Released bitcoin... and there they started the process.. which is being consummated recently after the pandemic where even more and more CPUs GPUs was used to cryptocurrency as a way to fight the low markets..
What do you think? Could this two/three things being related? Are there someone elsewehere talking about this?
I interested not about discuss the ethics or why has been created... if it is for evil or for good but more about if it's possible
as I understand large language models are trained with all the data but i just can't imagine how much computation those models need.
I am shocked also about that we don't fully understand how it work... Recently I read about that they figure it out how to make responses more effective by asking the AI "please reproduce step by step" like... dude wtf we humans created it... how we don't you know that it works like that? There's no manual... It's like a newborn species
Crypto news in 2023.11.18.
- The cryptocurrency market cap saw a marginal decrease of 0.13%, with the total cap at $1.40 trillion.
- Bitcoin price slightly decreased by 0.05%, valued at $36,334.
- Bitcoin's market dominance increased slightly, indicating its resilience compared to other cryptocurrencies.
- Siacoin led the day's gainers with a 14.56% increase in price.
- Yearn.finance experienced a significant loss, decreasing by 35.97%.
- Celestia reached a new all-time high of $7.22 after a considerable gain over the last month.
- KuCoin Token was the Coin of the Day with a positive performance and bullish sentiment.
Events:
- Metamorphosis Conference: A blockchain, crypto, and Web3 event in Delhi, India, focusing on the transformation within these sectors.
- The YGG Web3 Games Summit: Running through November 18-25 in Taguig, Philippines, this summit concentrated on developments in Web3 gaming, showcasing the fusion of gaming and blockchain technology.
North Korea was floundering under sanctions. Now it's making billions from stolen cryptocurrency
In March 2022, a senior software engineer at a gaming company in Singapore got a job offer.
It was good news because things weren't great at their current company, Sky Mavis, makers of the play-to-earn game Axie Infinity. The value of its in-game cryptocurrency had crashed.
The engineer went through the job application process before finally being sent a PDF with the salary details.
He clicked the link, but the job offer was fake.
North Korean hackers now had access to Sky Mavis's private keys — the access codes for the company's cryptocurrency account.
They stole around $600 million in cryptocurrency in one of history's biggest heists — not just of cryptocurrency, but of anything.
As international sanctions have cut into North Korea's ability to import and export things, it's been running lots of plots and schemes to get access to foreign currency.
But it's discovered that nothing compares to stealing cryptocurrency. And last year, stealing cryptocurrency was North Korea's primary form of foreign currency income.
Wannacry: The biggest cyber attack in history
In 2017, North Korea's hackers made one of their first attempts to raise revenue from cybercrime.
They developed a virus called Wannacry that wormed its way through a security flaw in Microsoft Windows in the biggest cyber attack in history.
The list of victims was extremely broad. The attack hit Britain's hospital network, Germany's rail system and scores of companies and government agencies.
The attack wasn't as effective as it could have been, though.
British cybersecurity researcher Marcus Hutchins found that the hackers had inserted a "kill switch" into the code in case they wanted to stop the virus from spreading any further.
So he just, kind of, flicked that switch.
Plus, news got around that even if you paid the ransom, there was no guarantee that your files would be unlocked.
While hundreds of thousands of computers were infected, fewer than 500 ransom payments were made.
The North Korean hackers received about 51 Bitcoin, which, thanks to the outrageous volatility of Bitcoin, could have been worth anywhere between US$100,000 and US$3.5 million, depending on when the hackers sold it.
Either way, it's not a huge amount.
To make real money, North Korea has turned its attention to robbing crypto exchanges and taking millions of dollars at a time.
North Korea hits the big time
Most people trade their crypto using cryptocurrency exchanges that do the same things a bank does.
But as opposed to banks, crypto exchanges are unregulated and often have poor security measures.
While robbing a bank is risky, robbing a crypto exchange, it appears, is just a matter of sending an attractive job offer to a senior employee.
North Korea's hackers have been robbing crypto exchange after crypto exchange.
In 2022, North Korea's hacking gang was responsible for half of all cryptocurrency theft. Their haul was $US1.65 billion.
That's more than three times the amount made globally from ransomware last year.
It's nearly twice as much as they made from all other exports.
Yes — to be clear — last year, stealing cryptocurrency was North Korea's primary form of foreign currency income.
Kim Jong-un celebrated this windfall by doing as many missile launch tests in a single year as he had in the previous decade.
North Korea tested 121 rockets in 15 months.
Now there's speculation Kim is selling some of his weapons to Russia to assist Vladimir Putin's war in Ukraine. Another exciting revenue stream.
At the moment, there's no real plan to stop him. Crypto exchanges are still unregulated, insecure pots of money that he — or anyone else — can raid to pay for nuclear weapons.
These guys are getting out of hand now, What do you guys think?
Source: https://www.abc.net.au/news/2023-11-18/how-north-korea-makes-a-fortune-stealing-crypto/103107824
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