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Messages - Jaya60

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According to Interpol, there are currently 7,151 individuals publicly named on the agency’s Red Notice list out of 69,270. South Korean prosecutors have reportedly requested Interpol intervene in their case against Terra co-founder Do Kwon by issuing a "Red Notice" — suggesting global law enforcement agencies may attempt to find and detain him.

According to a Monday report from the Financial Times, the Seoul Southern District prosecutors’ office said it had “begun the procedure” to place Kwon on Interpol’s Red Notice list following steps to revoke the Terra co-founder’s passport while he was in Singapore. Interpol’s website states that a Red Notice is requested by authorities “locate and provisionally arrest a person pending extradition, surrender, or similar legal action,” but the agency cannot compel local law enforcement to arrest the subject of such notice.more

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Too much time in governance, too little time in development, too many voices in price. Too tired and refund it all," a core team member wrote. On Monday, decentralized autonomous organization Panda DAO put forth a new proposal to dissolve itself and return assets back to investors. According to the seven-point referendum, between 500 million to 700 million PANDA tokens out of 1.292 billion PANDA in circulation would be distributed among investors. Of those remaining, some would be redistributed among liquidity providers. Meanwhile, an estimated 50 million PANDA will be burned, and another 44.56 million PANDA will go towards compensation for eight of the project's core developers.

Should the referendum pass and the dissolution process complete, the Panda dev team plans to remove PANDA from Uniswap, publish all of the project's open source code, and shut down all social media under the Panda DAO umbrella. As for reasons for the dissolution, the Panda DAO team wrote:
more

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Aves Lair will host an IRL networking event to kick off AvesHack NYC 2022 in New York starting at 11:00 am EST on Sept. 19, 2022. The event will be held at Flatiron Loft on Sept. 19 and 20. The anchor of the event will gather crypto leaders, operators, builders and investors to participate in a full two days of conversations with networking focused solely on the Move language in anticipation of Aptos’ mainnet launch.

More than 100 global developers will bring interactive discussions, live hands-on product demonstrations, and technical workshops to provide an opportunity for one-on-one meetings with leaders in the space. This will take place in a hybrid model where developers will focus their skills to work on their technology, APIs and subgraph, and it will be an interactive community event featuring growth and solutions in the ecosystem. All sessions will be live, posted then set for vial distribution to communities interested in the Aptos global hackathon.more

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Gaming companies Zebedee and Thndr are taking advantage of the Lighting Network, atop Bitcoin, to entertain and onboard gamers into Bitcoin. You can now play Solitaire, Snake and even Counter-Strike to earn Satoshis, tiny fractions of Bitcoin (BTC). Cointelegraph spoke to executives at Thndr Games, a play-to-earn (P2E) company built around Bitcoin and Zebedee, a gaming platform that will “Transform gaming with the power of Bitcoin.”

Thanks to the Lightning Network (LN), a layer-2 payment solution built on top of Bitcoin, instant microtransactions of Sats can pay out to gamers across the globe quickly. “This genuinely fixes a need in gaming,” Ben Cousens, chief strategy officer at Zebedee, told Cointelegraph.

Zebedee offers Bitcoin and LN support for popular games such as Counter-Strike: Go. They promote casual gaming and the creation of inviting environments that could “Bring people into Bitcoin in a way that surprises them,” Cousens explained.more

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Tired of losing money? Here are 2 reasons why retail investors always lose. A quick flick through Twitter, any social media investing club, or investing-themed Reddit will quickly allow one to find handfuls of traders who have vastly excelled throughout a month, semester, or even a year. Believe it or not, most successful traders cherry-pick periods or use different accounts simultaneously to ensure there’s always a winning position to display.

On the other hand, millions of traders blow up their portfolios and turn out empty-handed, especially when using leverage. Take, for example, the United Kingdom’s Financial Conduct Authority (FCA) which requires that brokers disclose the percentage of their accounts in the region that are unprofitably trading derivatives. According to the data, 69% to 84% of retail investors lose money.

Similarly, a study by the U.S. Securities and Exchange Commission found that 70% of foreign exchange traders lose money every quarter, and eToro, a multinational broker with 27 million users, reported that nearly 80% of retail investors lost money over 12 months.more

6
For experienced investors, a bear market is nothing out of the norm. It has happened in the past, and it will happen again — even in cryptocurrency. The majority of new investors are in the middle of their first crypto winter, during which most digital assets have depreciated by more than 70% from their November 2021 highs. While a bear market is tough for everyone, it can be especially challenging for those who are new to the space and don’t have much experience dealing with market volatility.

That said, there are still opportunities to earn passive income during a bear market — crypto traders just have to know where to look. In this article, we will look at how Wall Street traders persevere and what simple things can be done to make money. Is it time to buy more assets? What are some of the easiest ways to generate cash in a recession? Are there any investment techniques that work during bear markets? What assets to invest in while Bitcoin (BTC) is in a bear market in 2022?more

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BNB price has entered a symmetrical triangle formation, and the conflicting trends will decide the fate of the altcoin as it battles near $280. A decision on whether the symmetrical triangle will break to the upside or downside is expected by Sept. 30, when the trendlines cross. Currently holding a $45 billion total market capitalization, BNB Chain token has outperformed the broader altcoin market by 15% over the past three months.

The latest breakthrough in BNB Chain development was announced on Sept. 7, after the project introduced zero-knowledge (ZK) proof scaling privacy technology. The testnet is expected for November, aiming for faster finality and reduced transaction fees. Ethereum mastermind Vitalik Buterin also wants to implement a similar solution for the Ethereum network and he highlighted the importance of ZK in late 2021.

BNB Chain's Ethereum-compatible network is fully functional, hosting decentralized applications (DApps), including decentralized exchanges (DEXs), games, collateralized loan services, social networks, yield aggregators and NFT marketplaces.more

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ETH took a beating this week despite the success of Ethereum’s merge to proof of stake.It's been a great week for Ethereum—and yet one of the worst in a while for ETH.

Despite the success on Thursday of Ethereum’s much-anticipated merge, which saw the network flawlessly transition to proof of stake, the network’s native cryptocurrency, ETH, has plummeted some 18.5% in the last three days alone, to $1,419.07 at writing.The week started on a much different note for ETH, which, flying high on lofty expectations for the merge, briefly surpassed $1,780 in value on Sunday.

Two events likely changed that trajectory.

On Tuesday, the U.S. Bureau of Labor Statistics released its latest Consumer Price Index (CPI) figures, which indicated the stubborn persistence of high inflation into August. The news—which will likely lead to the Fed once again raising interest rates to combat inflation—immediately triggered a massive sell-off in the stock market, and a corresponding drop in the value of cryptocurrencies, including Bitcoin and Ethereum.more

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With Ethereum’s switch to proof-of-stake, Dogecoin is now second only to Bitcoin among minable, proof-of-work coins. Dogecoin, like Bitcoin, is mined using proof of work, which means miners use computers, and a considerable amount of energy, to solve complex mathematical equations, validating transactions and receiving DOGE as a reward. Every day, miners extract roughly 14.4 million DOGE, according to crypto tracking platform Currency.com, adding to the coin’s 132.6 billion supply. Unlike Bitcoin, which has a limited supply of 21 millions that will ever exist, Dogecoin has no cap.

In recent years, Dogecoin has found itself an unlikely champion in the world’s richest person, Tesla founder Elon Musk, who has tweeted about the coin going back as far as 2019, and has caused the price of Dogecoin to pump on several occasions.more

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Infura's "Decentralized Infrastructure Network" will seek to do away with outages on Ethereum due to a "single point of failure." Ethereum engineering firm Infura is creating a Decentralized Infrastructure Network to launch sometime next year, the firm announced Friday at the ETHBerlin hackathon.

The network’s working title is the “Decentralized Infrastructure Network.” According to a statement, this new network will provide “millions of future users” access to Web3 products “without outages and downtime due to a single point of failure.more

11
Coinbase / Coinbase Backs Tornado Cash Lawsuit Against U.S. Treasury
« on: September 08, 2022, 06:40:52 PM »
"Code is speech and free speech is a constitutional right worth protecting," one of the plaintiffs said.Tornado Cash has been billed as a privacy service that allows people to transact anonymously on the otherwise public Ethereum blockchain. Transactions processed through Tornado Cash are still public but mixed with those of other users to make it difficult to identify individual senders or receivers.

The main driver behind the sanctions, according to the OFAC announcement, was evidence that North Korean state-sponsored hackers Lazarus Group used the service to launder $96 million after stealing funds from Harmony Bridge in June.

That rationale is far too broad, Coinbase CEO Brian Armstrong wrote in a blog post about the lawsuit.

"Sanctioning open source software is like permanently shutting down a highway because robbers used it to flee a crime scene," Coinbase CEO Brian Armstrong wrote in a blog post about the lawsuit. "It's not the best way to solve a problem. It ends up punishing people who did nothing wrong and results in people having less privacy and security.more

12
While Gensler has previously said Bitcoin is a commodity, he’s kept quiet about the status of Ethereum. There hasBitcoin been a flurry of proposals, both from the crypto industry itself and from Washington, to delegate oversight of the crypto industry to the CFTC, which presently only has the power to regulate derivatives.

Gensler has previously said that Bitcoin is a commodity, not a security, but many believe he wants to find a way to bring Ethereum, the world’s second-largest cryptocurrency by market capitalization, under SEC control.more

13
Animoca, a leading investment firm and NFT game publisher, just added to its coffers via some fresh institutional investors. Animoca Brands, a leading investor in NFT and metaverse-centric startups, today announced that it has raised an additional $110 million in funding in a round led by new institutional investors Temasek, Boyu Capital, and GGV Capital.

According to the Australian firm, the fundraise was conducted as a sale of convertible notes issued at a conversion price of AUD $4.50 (just over US$3.00 at present), although it’s subject to conditions concerning a future potential initial public offering (IPO), liquidation event (such as merger or sale), or equity financing round.more

14
National security experts have raised the alarm bells over the "IS-NEWS #01" NFT, which is being seen as the first case of an NFT created and shared by a “terrorist sympathizer."The first known case of a nonfungible token (NFT) created and shared by a “terrorist sympathizer” has come to light, raising concerns that the immutable nature of blockchain tech could help the spread of terrorist messages and propaganda.

In a Sept. 4 article in The Wall Street Journal (WSJ), intelligence experts said the NFT could be a sign that Islamic State and other terror groups may also be using blockchain technology to evade sanctions and raise funds for their terrorist campaigns.

The NFT in question was reportedly discovered by Raphael Gluck, co-founder of the U.S.-based research firm Jihadoscope, who found the NFT through pro-ISIS social-media accounts.more info

15
FTX announced that the crypto trading platform will halt ETH transactions on secondary blockchains until the September upgrade concludes.While Ethereum devs promised no downtime during The Merge, one of the most anticipated Ethereum upgrades, members of the crypto community decided to take proactive measures to ensure the safety of investor funds. In this effort, crypto exchange FTX announced to halt Ether (ETH) transactions on secondary blockchains until the September upgrade concludes.

Soon after the announcement, FTX deleted the tweet while CEO Sam Bankman-Fried clarified that "ETH trading will stay on through Merge.more info

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