Monday, March 31

CRYPTOMARKET

The New Cash Grab — Trump’s Meme Coin
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CRYPTOMARKET, TOP FOUR, VIDEO REELS

The New Cash Grab — Trump’s Meme Coin

Why Trump’s meme coin is a cash grab. Three days before his presidential inauguration, Donald Trump launched a meme coin, a type of cryptocurrency whose value is buoyed by social media and internet culture, rather than any sort of functionality or intrinsic value. The coin – officially called $Trump – briefly ascended into the top 15 cryptocurrencies by market capitalization and attracted over a half-million buyers. Referencing the coin in a news conference on Jan. 21, 2025, a reporter asked Trump if he intended to continue selling products that benefited him personally while being president. “You made a lot of money [on $Trump], sir,” he told Trump, who seemed oblivious to its meteoric rise in value. “How much?” Trump asked. “Several billion dollars, it seems like, in the last cou...
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In A Stark Reminder Of Risks Of Crypto Trading — Sam Bankman-Fried Convicted For Massive FTX Fraud
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CRYPTOMARKET, VIDEO REELS

In A Stark Reminder Of Risks Of Crypto Trading — Sam Bankman-Fried Convicted For Massive FTX Fraud

Sam Bankman-Fried convicted for massive FTX fraud, in stark reminder of risks of crypto trading. It is not just crypto tokens that have spectacular downfalls. So can crypto personalities. Sam Bankman-Fried founded FTX, one of the world’s largest exchanges for so-called cryptocurrencies, which collapsed last year owing billions of dollars. Now he has gone from being hailed as potentially the world’s first trillionaire to a lengthy term in prison. After a month-long trial, a New York jury took less than five hours to find him guilty on seven counts of fraud and money laundering. Bankman-Fried’s conviction highlights the risks of crypto markets, where people trade tokens with no fundamental value via hugely complex and poorly regulated financial machinery. The Australian government is current...
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FYI Highest Paid Blockchain Jobs
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CRYPTOMARKET, TECHNOLOGY

FYI Highest Paid Blockchain Jobs

Have you ever thought of pursuing a career in the Blockchain industry? Don’t know what are the jobs available and puzzled about how to get started? Then, you are at the right place. Demand for blockchain recruitment in tech companies has become substantial. Huge investments in Blockchain technology has disrupted many industries globally. Due to huge investments, the need for blockchain knowledge and experience is growing at a drastic rate. All these while Blockchain technology was used in developing cryptocurrencies but as of now this technology is pacing into commercial applications too, and this generated more and more jobs in this sector. The demand for experienced and qualified candidates is sky-high. This is a perfect time for the aspirants to kick-start their careers in the blockcha...
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Cryptocurrency Is Changing The Way Colleges Do Business With Students And Donors
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CRYPTOMARKET, EDUCATION, IN OTHER NEWS

Cryptocurrency Is Changing The Way Colleges Do Business With Students And Donors

Until about 2020, universities used cryptocurrencies only to pay ransoms to criminals attacking their networks. A fast payment to criminals helped victim universities restore their networks quickly. With increasing public adoption of cryptocurrencies, especially among young consumers, universities are exploring them, too. As of early 2022, 20% of U.S. consumers had used cryptocurrencies. According to an April 2022 report, 28% of 13- to 39-year-olds had purchased at least one type of cryptocurrency. Among consumers in this age group, 13% had purchased and 38% were interested in a particular offshoot of cryptocurrencies called non-fungible tokens. Cryptocurrencies have lost market value from a peak of about US$3 trillion in November 2021 to $804 billion in November 2022. And their uses are...
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FTX Bankruptcy Is Bad News For The Charities That Crypto Mogul Sam Bankman-Fried Generously Supported
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CRYPTOMARKET, IN OTHER NEWS

FTX Bankruptcy Is Bad News For The Charities That Crypto Mogul Sam Bankman-Fried Generously Supported

FTX, an exchange for trading cryptocurrencies, quickly became bankrupt and defunct in November 2022. Its founder, Sam Bankman-Fried, is broke, and the 30-year-old former billionaire could be in serious legal trouble for his alleged financial improprieties. The Conversation asked Brian Mittendorf, an accounting scholar at The Ohio State University, to explain the significance of FTX’s implosion for philanthropy and the nonprofits Bankman-Fried supported. What was the connection between FTX and philanthropy? Though FTX was a cryptocurrency exchange, Bankman-Fried viewed it as something more: a vehicle to change the world through giving. Bankman-Fried often noted that his goal for his business was to make money in order to donate it to support a variety of social causes like global heal...
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Dramatic Collapse Of The Cryptocurrency Exchange FTX Contains Lessons For Investors But Won’t Affect Most People
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CRYPTOMARKET, IN OTHER NEWS

Dramatic Collapse Of The Cryptocurrency Exchange FTX Contains Lessons For Investors But Won’t Affect Most People

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100 companies connected to it. D. Brian Blank and Brandy Hadley are professors who study finance, investing and fintech. They explain how and why this incredible collapse happened, what effect it might have on the traditional financial sector and whether you need to care if you don’t own any cryptocurrency. 1. What happened? In 2019, Sam Bankman-Fried founded FTX, a company that ran one of the largest cryptocurrency exchanges. FTX is where many crypto investors trade and hold their cryptocurrency, similar t...
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What Is Proof-Of-Stake? A Computer Scientist Explains A New Way To Make Cryptocurrencies, NFTs And Metaverse Transactions
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CRYPTOMARKET, TECHNOLOGY, VIDEO REELS

What Is Proof-Of-Stake? A Computer Scientist Explains A New Way To Make Cryptocurrencies, NFTs And Metaverse Transactions

Proof-of-stake is a mechanism for achieving consensus on a blockchain. Blockchain is a technology that records transactions that can’t be deleted or altered. It’s a decentralized database, or ledger, that is under no one person or organization’s control. Since no one controls the database, consensus mechanisms, such as proof-of-stake, are needed to coordinate the operation of blockchain-based systems. While Bitcoin popularized the technology, blockchain is now a part of many different systems, enabling interesting applications such as decentralized finance platforms and non-fungible tokens, or NFTs. The first widely commercialized blockchain consensus mechanism was proof-of-work, which enables users to reach consensus by solving complex mathematical problems. For solving these problems...
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An Ideology Of Social Change Is Behind The Crypto Hype
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CRYPTOMARKET

An Ideology Of Social Change Is Behind The Crypto Hype

Ads for blockchain, NFTs and cryptocurrencies like Bitcoin seem to be everywhere. Crypto technologies are being promoted as a replacement for banks; a new way to buy art; the next big investment opportunity, and an essential part of the metaverse. To many, these technologies are confusing or risky. But enthusiasts ardently promote them. As a cybersecurity and social media researcher, I’ve found that behind the hype is an ideology about social change: Hardcore enthusiasts argue that crypto will get people to trust in technology rather than government, which they see as inherently untrustworthy. This ideology leads people to encourage its use while downplaying its risks. The true believers My colleagues and I studied almost three months of discussions on Reddit forums about cryptocurrenc...
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White House Launches Investigation As Bitcoin Cleanup Campaign Began
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CRYPTOMARKET

White House Launches Investigation As Bitcoin Cleanup Campaign Began

Nexus Media News As the White House opens a request for information on whether digital assets “impede or advance efforts to tackle climate change,” a new campaign launched to “Change the Code Not The Climate.” Multiple climate groups and a billionaire are launching the effort to pressure those invested in Bitcoin to lessen the massive environmental impact of the cryptocurrency. Some argue that’s an impossible goal and would only further entrench the already-wealthy’s hold over the system, and would likely still be incredibly inefficient and not be much better than the previous system. Bitcoin mining already consumes as much power as Sweden, and in some cases is keeping open coal and methane gas power plants that would otherwise or have already been shuttered, solely to fuel the compute...
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Importance Of Using Cryptex Locker, What’s A Cryptex Locker?
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CRYPTOMARKET

Importance Of Using Cryptex Locker, What’s A Cryptex Locker?

Cryptocurrency is comparatively a new concept. Sound knowledge is required to do transactions using crypto. This area is growing rapidly and is becoming very popular. Simultaneously, the hackers have started to adopt newer methods to cause distress and steal all the currencies. But it is possible to provide safeguards to the digital currencies to avoid massive losses. This article deals with that part about cryptocurrency, which talks about protecting them from malicious attacks. The concept of liquidity pool lockers is also discussed below in detail. We can define cryptocurrency as digital tokens that can be secured through cryptography. We can consider it as a digital asset. Cryptocurrencies have experienced a lot of backlash and controversies for multiple reasons. These reasons mainly ...
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