I prefer Ethereum to invest in because Ethereum has something that everyone really needs and it turns out to be something I want.
I have seen the price of Ethereum is very crazy because it goes up so fast and it is difficult to stop the decline in the price of the coin and this is proof that Ethereum is worthy of being invested by ourselves with our own capital.

Definitely right. Investing on Ethereum is really profitable. Many investors, invest on it and we saw the success that they experience.

Well it really takes patience here in cryptocurrencies. It is very important principle that everyone must have. It is not only applicable in cryptocurrencies, but it is also applicable to all of life.

FTX CEO claims competitor responsible for racist messages delivered to Blockfolio users
'Teflon' Sam Bankman-Fried illustrates why the crypto community holds him in high regard, as Blockfolio exploit results in clear communication and a rapid response.

FTX CEO claims competitor responsible for racist messages delivered to Blockfolio usersNEWS
On February 9, Blockfolio's Signal feed was briefly compromised, resulting in some users receiving racist messages within the company's app.

Users said that the culprits went so far as to threaten loss of funds if deposits were not removed from the crypto portfolio platform. While the derogatory messages were reportedly scrubbed by Blockfolio's security team within about 30 minutes, the incident left many wondering how such an attack could have occurred.

Tweeting on Tuesday, SBF offered updates about the incident, alleging that a competing exchange was to blame.


“We have spent the last four hours investigating every angle and tracking down leads; we're relieved to say that we've figured out what happened,” SBF tweeted, adding:

“This offensive content was produced and published by a competitor exchange of ours who maliciously gained access to someone else's Blockfolio News/Signal capabilities.”
The FTX CEO condemned the culprit, but did not name the competitor. Access to the Signal feed reportedly did not affect or jeopardize any funds.

According to SBF, Blockfolio has completed their investigation into the matter, and the company has fixed the vulnerability that ignited the situation. The FTX CEO promised to improve the security infrastructure around Blockfolio’s non-trading protocols to prevent similar incidents in the future.

Bankman-Fried was praised by many in the cryptocurrency community for reacting swiftly and transparently to the incident, and as a measure of compensation he apparently added $10 to the trading accounts of affected users. SBF also stated that he has donated to organizations dedicated to fighting racial and societal injustices as a result of the incident.


FTX acquired Blockfolio for $150 million back in August 2020. This is not the first security-related issue the company has experienced. In May 2020, a white-hat hacker named Paul Litvak reported a security flaw that exposed the platform's source code on older app versions to malicious actors.

At the time, Litvak revealed that the vulnerability was over two years old. Fortunately for Blockfolio, no malicious actor was any the wiser about the flaw's existence, allowing the company to solve the issue and double-down on a commitment to user privacy.


Source: https://cointelegraph.com/news/ftx-ceo-claims-competitor-responsible-for-racist-messages-delivered-to-blockfolio-users

every Airdrop campaign scam.so I don't join the Airdrop

That is not true at all. Not every airdrop is scam. Actually there are some members here who get their airdrop and they are happy with it.

Bank of Korea publishes book on central bank digital currency's legal issues
South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency.

Bank of Korea publishes book on central bank digital currency's legal issuesNEWS
Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency in 2021. Preparations appear to be going ahead on multiple fronts, with the bank's publication of a new book today dedicated to the legal questions raised by the potential issuance of such a currency.

According to a summary in Korean media, the book calls for revisions to the law to ensure that a future CBDC could successfully operate. The Bank of Korea has notably been using blockchain technology to manage the transactions in its 22-month long CBDC pilot program, which commenced back in April 2020 and will wrap up in December of this year. Testing the currency's distribution in 2021 represents the third phase of this project, following a focus on technological development and initial operational analyses in phases one and two.

The newly-published book confirms this timeline and scope, outlining that “the Bank of Korea is conducting an analysis of operational procedures for a CBDC rollout, and outside consulting is also underway. This year, we're going to launch a CBDC pilot system in a virtual environment, and run tests to verify its functions and safety.” In addition, the bank states the motivations behind the project and potential benefits of a future digital currency:

”Transformation from cash to digital currency could raise GDP by as much as 3 percent. Digitalization of currency would accelerate currency circulation and reduce maintenance costs. It would also be an efficient way to realize negative interest rates, overall enhancing the government's monetary management.“
The prospective usefulness of a CBDC for sustaining negative interest rate policies has been acknowledged by other central bank representatives, including the deputy governor of Japan, in the past year. While these policies have indeed been adopted in Japan since 2016, and in Europe since 2014, other central bankers have left the door open to a similar move amid the uncertain recovery of their COVID-19 economies, most recently the Bank of England.

Alongside this aspect, an unnamed analyst cited by Korean media has pointed to China's accelerated rollout of a digital yuan and suggested that its prospective impact on the international monetary system is a factor in Korea's own research and development efforts this year:

“The U.S. dollar may be the standard currency for cash, but China is aiming to make digital yuan the new dominant medium. South Korea needs to develop strategies on what position the country will take in the new monetary era.”
The expert further highlighted the need to investigate any potentially negative consequences of CBDCs, such as their amplification of existing economic inequalities due to “gaps in digital information.”
South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency.

Bank of Korea publishes book on central bank digital currency's legal issuesNEWS
Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency in 2021. Preparations appear to be going ahead on multiple fronts, with the bank's publication of a new book today dedicated to the legal questions raised by the potential issuance of such a currency.

According to a summary in Korean media, the book calls for revisions to the law to ensure that a future CBDC could successfully operate. The Bank of Korea has notably been using blockchain technology to manage the transactions in its 22-month long CBDC pilot program, which commenced back in April 2020 and will wrap up in December of this year. Testing the currency's distribution in 2021 represents the third phase of this project, following a focus on technological development and initial operational analyses in phases one and two.

The newly-published book confirms this timeline and scope, outlining that “the Bank of Korea is conducting an analysis of operational procedures for a CBDC rollout, and outside consulting is also underway. This year, we're going to launch a CBDC pilot system in a virtual environment, and run tests to verify its functions and safety.” In addition, the bank states the motivations behind the project and potential benefits of a future digital currency:

”Transformation from cash to digital currency could raise GDP by as much as 3 percent. Digitalization of currency would accelerate currency circulation and reduce maintenance costs. It would also be an efficient way to realize negative interest rates, overall enhancing the government's monetary management.“
The prospective usefulness of a CBDC for sustaining negative interest rate policies has been acknowledged by other central bank representatives, including the deputy governor of Japan, in the past year. While these policies have indeed been adopted in Japan since 2016, and in Europe since 2014, other central bankers have left the door open to a similar move amid the uncertain recovery of their COVID-19 economies, most recently the Bank of England.

Alongside this aspect, an unnamed analyst cited by Korean media has pointed to China's accelerated rollout of a digital yuan and suggested that its prospective impact on the international monetary system is a factor in Korea's own research and development efforts this year:

“The U.S. dollar may be the standard currency for cash, but China is aiming to make digital yuan the new dominant medium. South Korea needs to develop strategies on what position the country will take in the new monetary era.”
The expert further highlighted the need to investigate any potentially negative consequences of CBDCs, such as their amplification of existing economic inequalities due to “gaps in digital information.”


Source: https://cointelegraph.com/news/bank-of-korea-publishes-book-on-central-bank-digital-currency-s-legal-issues

Tesla's $1.5B Bitcoin purchase leaves treasury experts scratching heads
Some treasury experts are finding it difficult to understand why Tesla recently bought $1.5 billion worth of Bitcoin — the best performing asset of the last decade.


Tesla's $1.5B Bitcoin purchase leaves treasury experts scratching headsNEWS
Corporate treasury commentators are criticizing Tesla's $1.5 billion Bitcoin splurge, echoing the well-worn rhetoric of BTC’s volatility.

Speaking to Financial Times, Jerry Klein, managing director at New York-based investment management firm Treasury Partners said that there was no use case for plowing corporate cash into Bitcoin.

Another critic quoted by FT, Campbell Harvey of Duke University in Durham North Carolina, called Tesla’s Bitcoin acquisition “unusual” and “risky” adding that it will not serve as a hedge against market uncertainties.

Critics of Tesla’s Bitcoin purchase say the move potentially puts shareholders at risk given the volatility of Bitcoin. Some point to historical crashes like the 2018 bear market and the 50% dump that occurred on Black Thursday in March 2020.

However, these arguments seem to leave out Bitcoin’s established “no look-back price trajectory” wherein each crash does not revert to a price level before the previous all-time high.

Also, Bitcoin’s parabolic bounce from its lows does not appear in these anti-BTC arguments. For instance, the Black Thursday crash of 2020 was followed by an almost eight-fold increase by the end of the year.

Since August 2020, business intelligence firm MicroStrategy has been acquiring Bitcoin and has spent about $1.1 billion in buying 71,079BTC. At the current price, the company’s Bitcoin stash is valued at almost $3.3 billion — a 200% gain on its investments.


Source: Coin Dance
Bitcoin was the best performing asset of the last decade, gaining almost 9,000,000% and far outstripping all other asset classes. Indeed, as of the time of writing, only Bitcoin bought above the $47,000 price level is currently at a loss.

Speaking to CNBC, MicroStrategy CEO and Bitcoin bull Michael Saylor countered the volatility rhetoric, saying holding cash reserves amounted to a stable loss of 75% of their shareholder value over the last decade whereas investing in BTC offered a volatile appreciation that doubled every six months. According to Saylor:

“Companies that are converting their dollars into Bitcoin are taking a non-performing asset [cash] and they are turning it into the best performing asset. Bitcoin has been appreciating at something like 230% year after year for a decade […] I’d rather have a volatile appreciation at 230% a year than a stable depreciation at a rate of 15 to 20% a year.”
The billions of dollars in economic stimulus packages by major economies are also expected to exert further downward pressure on fiat currencies.

Apart from the backlash over Tesla’s Bitcoin investment, these corporate treasury critics also said that other companies will not be lining up to follow Tesla’s lead.

However, Tesla is only the latest in an expanding cast of public companies holding Bitcoin on their balance sheets. As previously reported by Cointelegraph, 1,400 firms signed up for MicroStrategy’s Bitcoin-buying bootcamp.

Indeed, Apple bull RBC Capital Markets recently clamored for the iPhone maker to follow Tesla’s example in buying Bitcoin. RBC even called on Apple to go a step further by creating a Bitcoin exchange.

The largest cryptocurrency by market capitalization is currently up almost 60% year-to-date.


Source: https://cointelegraph.com/news/tesla-s-1-5b-bitcoin-purchase-leaves-treasury-experts-scratching-heads

Solana will host a DeFi hackathon offering a $200,000 prize pool and $200,000 in seed funding to aspiring developers.

Solana announces DeFi hackathon offering $200k in seed fundingNEWS
Solana has announced an upcoming DeFi hackathon offering $200,000 in seed funding from the Solana Foundation.

The hackathon, which is scheduled to take place from Feb. 15 through March 1st, will be hosted in partnership with Sam Bankman-Fried of FTX’s Project Serum.

Bankman-Fried will also offer mentorship to hackathon participants alongside Solana CEO Anatoly Takovenko. Bankman-Fried stated:


https://cointelegraph.com/news/solana-announces-defi-hackathon-offering-200k-in-seed-funding/amp

Kung magsabay sabay ang mga posted bounties/campaigns ay mas maganda para mapagpipili-an natin kung sino ang mas worthy talaga sa ating services at decision making, parang mga paninda sa palengke na mas marami ang tinda ay mas maganda dahil may pagpipili-an tayo. Hindi rin kasi biro ang work ng bounty hunters dahil nga kailangan nating mag laan ng oras tapos waste of time kung masasayang lang lalo na nag lipana ang mga scams projects ngayon so nararapat talaga ang decision making in choosing the best bounty campaign.

Tama ka diyan kabayan, masmadami mas maraming pagpipilian. At dapat pumili ng maayos kasi nga mag iinvest tayo ng time.