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Democratic Senate Majority Political Action Committee (PAC) seeks to return $3 million in political contributions from former FTX executives because to the ongoing FTX contagion and unfavorable press. $2 million came from Nishad Singh, the former head of engineering at FTX. Additionally, Sam Bankman-Fried (SBF), the former CEO of FTX, donated $1 million for the 2022 election. Over $160 million has been spent by the super PAC overall to promote Democratic candidates for Senate seats.

Tuesday, a PAC spokeswoman stated to CNBC that:

"Senate Majority PAC previously set aside the contribution amounts from Sam Bankman-Fried and Nishad Singh in response to the serious allegations against FTX with the intention of returning the funds as soon as we receive the proper guidance from federal law enforcement officials based on their legal proceedings," the statement reads.

Sam Bankman-Fried has contributed millions of dollars to numerous PACs that back the Democratic Party, including the House Majority PAC, Protect Our Future, and Future Forward USA. SBF-founded cryptocurrency trading company Alameda Research gave Future Forward USA more than $5 million. Then Future Forward USA invested millions of dollars to support Joe Biden's candidacy for president in 2020.

Bankman-Fried reportedly also gave $6 million to the House Majority PAC in April, which raises funds for Democratic candidates for the lower house, according to a Federal Election Commission (FEC) report. The PAC “will send funds in question wherever authorities instruct us,” according to spokeswoman CJ Warnke.

Sam Bankman-Fried contributed over $40 million to the midterm elections, the majority of which went to Democrats. Singh gave federal politicians $8 million during the 2022 midterm elections. The former FTX director of engineering is not currently facing any legal action.

Final Thoughts
Sam Bankman-Fried also decided not to fight extradition and is returning to the United States as soon as Wednesday, according to NBC News. Along with politicians, FTX also gave $2 billion to Binance last year. They can also be required to repay the money.

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According to previously disclosed intentions by Telegram Messenger, the social network would introduce its own non-custodial network and decentralized exchange. This decision was made in response to FTX's recent demise. The group believes that now is the right time for them to seize the reins as interest in cryptocurrencies declines.

Pavel Durov, the 38-year-old founder of Telegram, highlighted that the blockchain was the first to offer the possibility of decentralization. Nevertheless, we observe some individuals in charge of them. And worse, they begin abusing their power. As a result, FTX steals money from many bankruptcy filers.

He stated:
“We, as developers, must guide the blockchain industry away from centralization by creating quick and simple decentralized apps for the public. Such undertakings are now finally viable.”

The simple solution is that blockchain-based projects must return to their origins. Cryptocurrency users should move to self-hosted wallets and untrusted third-party transactions. Therefore, Telegram will take matters into their own hands and offer an example.

According to Durov, it only took 5 weeks and 5 people to construct the entirely decentralized auction site Fragment. He claimed that Fragment's reliance on The Open Network (TON), a speedy and efficient blockchain, made it possible. Presently, Fragment is very popular. They are able to auction off usernames worth $50 million in less than a month. This week, they will go beyond usernames.

Then, Telegram will create a collection of decentralized tools. This will enable millions of users to safely trade and store cryptocurrency. Durov believes that by doing this, the issues brought on by overly-centralization can be resolved.

Final Reflections
Numerous platforms and companies in the bitcoin industry are still feeling the effects of FTX's bankruptcy. However, the era of cryptocurrency is still young. In fact, it might signal a new beginning. Failure just serves as a lesson that will be recalled in the future and serve as a reminder for a very long time.

USD Coin (USDC), a cryptocurrency, is designed to have a fixed value of $1 USD. Assets like USD Coin and Tether are part of a larger category of cryptocurrencies known as stablecoins, which use a number of techniques to help maintain a stable price, such as pegging its value to fiat currencies or commodities (USDT). Stablecoins are an essential tool for users of digital assets to profit from the relative stability of the dollar or other stable assets in the volatile cryptocurrency market.

The USDC stablecoin was created by the organization CENTRE, which was established by the FinTech firm Circle and the cryptocurrency exchange Coinbase. Circle received $110 million and first disclosed its ambitions to create USD Coin on May 15, 2018. The USDC coin made its debut on the Ethereum blockchain as an ERC-20 token, but it has since been added to the Solana, Stellar, Avalanche, Flow, Tron, and Algorand blockchains as well.

At 44 billion as of November 15, 2022, USDC had the second-highest market cap among stablecoins. According to the first report from CENTRE, which was released in October 2018, there were around 127 million USDC in circulation. By 2022, there will be about 44 billion.

Is USDC transparent enough?
USDC is secured by cash and short-term US government bonds. Each used USDC token is backed by $1 in accounts at authorized U.S. financial institutions. These accounts have been audited by the American accounting firm Grant Thornton LLP. In May 2022, Circle said it would begin publishing weekly attestation reports. By revealing the precise sum of real money backing the stablecoin, they help to increase the legitimacy of USDC.

What is the story behind USDC 2.0?
The CENTRE consortium unveiled the updated version of USDC in August 2020. Increased functionality is provided by USDC 2.0 for digital wallets and other stablecoin-supporting services. Owners of USDC and other Ethereum-based tokens previously had to pay a commission to complete transactions. To buy gas, customers must always have ETH in their accounts.

It allegedly impeded wider acceptance, according to its designers. To overcome this difficulty, CENTRE has included a gasless send feature to the USDC. Because of this, wallet creators can charge users directly in USDC tokens rather than ETH and pay commissions on their behalf. The platform's creators built a public USDC smart contract to integrate the support. Developers can decide whether to charge for this service themselves or through a third-party provider.

The consortium team claims that gas-free transmit will significantly improve USDC's ability to conduct payments, peer-to-peer exchanges, and online business. All previous protocols are fully backwards compatible with the update. This shows that USDC 2.0 has no impact on existing USDC-connected programs, exchanges, and wallets.

How is USDC put to use?
As a means of settlement. You may rely on USDC to hold its value over time without going through the occasionally extreme price swings that are typical of cryptocurrencies if you want to send money using one.

To spark curiosity. Some platforms offer users interest in return for USDC deposits. It's critical to keep in mind that this activity involves some risk. Additionally, DApps and DeFi also support USDC. Among others, USDC is used by Aave, Compound, Dharma, OpenSea, and numerous DApp and DeFi protocols.

Establishing a link between the world of cryptocurrencies and conventional payment processors.
Circle has collaborated with two of the largest payment networks in the world in addition to a few well-known payment processors. Businesses connected to the Visa network will be able to start accepting USDC once Circle and Visa partner in December 2020. In July 2021, Mastercard (NYSE:MA) announced plans to start accepting USDC as a form of payment. Payment processors Stripe and Checkout.com both declared support for USDC in 2022.

What sets USDC and USDT apart from each other?
USD Coin is usually seen as the safer option due to its openness. The reserves have been verified in reports from the management from the company's formation. On the other hand, Tether Limited withheld its reserve information for years. It has also encountered legal difficulties as a result of its lack of transparency. Unbacked Tether issuances harmed the bitcoin market by $1.4 trillion, claims one lawsuit.

Tether's advantage is its size. Its market cap is substantially larger than USDC's, and its trading volume is bigger. It will typically be a little easier to exchange Tether for other cryptocurrencies because of its high trading volume.

In the majority of U.S. states, USDC is regarded as a stored value instrument, which has the advantage for you of being more closely regulated. Likewise, Tether hasn't yet undergone an unbiased audit.

A decentralized exchange known as Hashflow or HFT is built for interoperability, zero slippage, and MEV-protected deals. There are more DeFi traders now than ever before, and there are several new decentralized exchanges (DEXs) entering the market. Therefore, what distinguishes HFT from other DEX? The MEXC Digital Asset Introduction Page contains a summary of the Hashflow token. Don't forget to read the HFT announcement to see how you can earn rewards for making deposits of HFT tokens.

What are the advantages of Hashflow (HFT)?
Assets can be priced effectively by market makers. They can make use of Hashflow's ever-complex pricing algorithms, which take off-chain data collection into consideration. This information covers past asset valuations, volatility, and other relevant facts.

Off-chain pricing offers traders tighter quotes at a better price. Additionally, there is no slippage, thus all Hashflow quotes are completed at the price indicated. They are also resistant to MEV. Front-running is impossible with cryptographic signatures, ensuring that traders can keep their profits.

How does Hashflow function?
The top crypto markets are accessible to consumers using Hashflow Protocol. They streamline the process with extremely low gas costs, a roster of the world's top crypto market makers, and maximum capital effectiveness. They give producers more freedom while ensuring no slippage and MEX resistance. Due to their pool-based architecture, all of these are conceivable.

Hashflow operates conventionally, much like the order-book approach, unlike automated market makers (AMMs). The deal is carried out on-chain, but the pricing is done off-chain. The user must first link his wallet to Hashflow, enter the amount they intend to trade, and then view a quote in order to start a transaction. The order is submitted, verified, and added to the Hashflow network as soon as the user agrees. The issuance of price quotations will be handled by the market makers on the other end. The sale is then consummated without slippage after being approved by the market maker.

Tokenomics of HFT
The Hashflow protocol's governance token is called HFT. It is an Ethereum mainnet ERC-20 token. They have a supply of one billion in total ( One Billion Tokens). Soon, information regarding the governance of hashflows and the use of HFT will be released.

HFT will be distributed as follows:

• 19.32% (193,200,000 HFT) to the Core Team
• 25% (250,000,000 HFT) to Early Investors
• 2.5% (2,500,000 HFT) for Future Hires

53.18% (531,800,000 HFT) for Ecosystem Development as follows:

• 18.54% to Ecosystem Partners
• 13.08% to Community Rewards (NFTs + Rake the Rewards + Exchange Distribution)
• 9.54% for Future Community Rewards
• 7.50% to Designated Market Maker Loans
• 2.52% to Vendors and Early Service Providers
• 1.00% to the Community Treasury
• 1.00% for Hashverse Rewards

How to buy HFT tokens?
A deposit event for Hashflow (HFT) is now being planned by MEXC, and 5,000 MX are up for grabs! Beginning at 2022-10-31 10:20 UTC and lasting until 2022-11-09 16:00 UTC (UTC). Users that deposit HFT throughout the event period and make a net deposit of at least 50 USDT worth of HFT may be eligible to split a total prize pool of 5,000 MX in proportion to their net deposit. Discover all the information here! Additionally, starting on 2022-11-07 13:00 (UTC), MEXC will publish the HFT token on our innovation zone with a trading pair of HFT/USDT! Join MEXC today and start trading HFT right away!

The money at the heart of the Tamaverse (Metaverse) is the tamadoge, also referred to as TAMA (Trade TAMA with MEXC Global). You can build, breed, care for, and engage in combat with your Tamadoge pets in Tamaverse. It sounds kind of adorable to me if you picture Pokemon with dogs rather than cats. Tamadoge is a meme coin having practical applications, in contrast to other memecoins.

Do They Make Sense for Investment?
Many news reports claim that they may one day be able to surpass $1. We are aware that meme currency cannot be sustained, though. The coin comes next if the hum lessens. Another possibility is that Tamadoge might be replaced by a brand-new meme coin. Should you choose to purchase Tamadoge. I advise you to enjoy them rather than watch them for financial gain, like other meme currencies.

Why Does Tamadoge Get All the Attention?
Everyone is likely aware of dogecoin and its widespread use. No other meme coin does it better than Tamadoge, despite the fact that several others are trying to capitalize on the trend. The main difference is how useful Tamadoge is in everyday life. Players raise digital pups in the "play to earn" metaverse game Tamadoge to compete and earn cryptocurrency rewards. Tamadoge will change along with the players. In the event that players start to disregard the virtual dogs, they will turn into tamaghosts. Once more, astounding innovation is on exhibit.

In the metaverse, every virtual puppy you create is also an NFT, giving you the option to sell it in the future. How well your pet does in the metaverse directly correlates to how valuable it becomes. In essence, they've created a platform that combines gaming, NFT, and meme currency. Their efforts clearly paid off because more and more individuals are boarding the Tamadoge hype train.

How can I purchase TamaDoge (TAMA)?
To purchase TamaDoge (TAMA) on MEXC, follow these instructions:

• Enter your MEXC account credentials, then select [Trade]. Select [Spot].
• To view the trading pairs that are accessible, enter "TAMA" into the search field. Consider the TAMA/USDT scenario.
• Go to the [Spot] box by scrolling down. Enter the quantity of TAMA you wish to purchase. Open a Limit order, a Market order, or a Stop-limit order, as appropriate. Use a market order as an illustration. Confirm your order by clicking [Buy TAMA]. The TAMA you bought is stored in your Spot Wallet.

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A overview of the APT token distribution and incentive system was made public when Aptos launched on Monday. Individual investors' holdings of APT are quickly attacked by the cryptocurrency community. One billion Aptos tokens were purportedly accessible at the beginning of the mainnet launch; 510 million of those tokens were given to community members, 190 million to significant donors, and the remaining tokens were given to the Aptos Foundation and private investors.

The Foundation will distribute the 410 million tokens it now possesses over the next ten years. While 125,000,000 APT are initially accessible to support ecosystem projects, rewards, and future community growth activities, only a lower number of 5,000,000 APT are immediately available to assist Aptos initiatives for the foundation category.

According to Shaikh, an Aptos co-founder, a number of categorised tokens, including those allocated to the community and foundation, were staked at the time of genesis. He added that everybody who invests will benefit from proportionate staking benefits, which could become available every 30 days.

Evidently, not everyone is happy with the APT token reward and distribution scheme. The locked tokens used as prizes are "simply a clever strategy to acquire liquidity considering backers generally possess a big chunk of supply," claims cryptocurrency analyst @AkadoSang. The analyst claimed that even though wealthy individuals received the prizes, Aptos promoted them as "community incentives." The failure to disclose APT tokenomics data at the time of launch is another problem. This might undermine investor faith in Aptos.

Concluding Remarks
A16z is heading the venture-backed investment along with PayPal Ventures, Coinbase Ventures, and other investors. Investors and the general public will be closely watching every decision Aptos makes. I'm hoping Aptos can maximize this significant investment and continue to generate fresh concepts in order to realize their vision of becoming the Web 3.0 hub. It might be the Rust programming language family's Solana.

Stay Tune with MEXC Global - the First Exchange Lists Aptos (APT)

On Monday, Aptos, a four-year technology initiative valued at several billion dollars, made its mainnet launch. 2019 saw the first emergence of the concept for this project as Meta (previously Facebook) was creating its own blockchain project called Libra (later known as Diem stablecoin). In spite of this, the multinational technology giant dropped the idea in response to concerns from cryptocurrency organizations and pressure from government officials. The transaction order and combination process is thus swiftly advanced thanks to parallel execution, which a few former Meta personnel view as having value.

According to test results, Aptos processed 130,000 transactions per second as opposed to 30 for Ethereum. On the Layer 1 proof-of-stake blockchain known as Aptos, decentralized applications (dApps) can be built using the Move virtual machine and programming language (MoveVM). It is significant to notice that the Move emphasizes how crucial scarcity and access restriction are to the expansion of the Aptos ecosystem. Move is also used by the future Sui blockchain project.

Many people think Aptos might eventually replace Solana because of its well-known effort to create the ultimate blockchain for smart contracts, the software that underpins the expanding NFT, DAO, and DeFi businesses. Although Ethereum significantly increased transaction speeds following the Merge, rivals like Solana and Aptos might overtake Ethereum as the new market leaders in this changing cryptocurrency ecosystem.

According to a Bloomberg article, Aptos might be worth $4 billion. To fulfill its stated objective of enhancing its position in the Web3 industry, Aptos may need to fall short of such a high valuation. Whoever completes the work in the transactional "game" the fastest and most effectively wins. Apart from Solana, another potential Ethereum replacement in the Rust family of programming languages is Aptos. If you want to understand more about Aptos, feel free to read their whitepaper.