⚡️California Launches a Crypto Scam Detection System🇺🇸
The California Department of Financial Protection and Innovation (DFPI) has announced the launch of the Crypto Scam Tracker. The system is able to identify fraudulent projects in the crypto world in real time.
The software analyzes projects and informs about complaints filed by victims. The investor can study the collected data and make an informed decision, minimizing the risk of losing funds. The Crypto Scam Tracker database will include companies and projects detected in suspicious activity.
According to DFPI, the service will increase the effectiveness of the fight against fraud. The regulator receives thousands of complaints from victims of crypto scammers every year.
Criminals take advantage of the growing interest of citizens in digital currencies and come up with new tricks. Therefore, the issue of consumer protection is extremely relevant, said DFPI Commissioner Clotilde Hewlett.
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⚡️In 2011 this guy sold BTC💰 at a loss, at $14 per coin, because he was tired of waiting for Bitcoin to grow🤷
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Pantera Capital Portfolio 🌚
Pantera Capital is one of the most popular Tier-1 funds (Chad), focused on investing in digital assets and investment companies.
➡️ The company was authorized on February 12, 2003. The founder is Dan Morehead, who, before opening the fund, had little experience in the financial markets.
Experience:
• CEO of Tiger Management;
• Head of Foreign Exchange Options at Deutsche Bank;
• Head of Fund and Derivatives Trading at Bankers Trust.
➡️ Currently, Pantera manages $3.8 billion in assets. The ability to choose money in management is only for accredited reception with a withdrawal of $100,000.
In total, venture capital participated in 210 fundraising rounds, 84 of which were in the "Lead Investor" episode. Polkadot, 1inch, StarkWare, Gamini projects can be put forward as implementation indicators.
➡️ The most active period, in terms of the amount of the highest value, was the 1st quarter of 2022. During this time, the fund took part in 25 rounds.
In the new infographic, you can see the projects to be completed in the Pantera Capital portfolio for 2022 and 2023
❔ Are you interested in learning more about funds that invest in crypto projects?
👍 - Yes.
👎 - No.
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⚡️ Justin Sun staked 150,100 $ETH($240M) on Lido Finance just now.
👉🏻 Do you have ETH in staking?
YES -👍
NO - 👎
🤝 @Cryptocurrency_Inside
Artificial Intelligence (AI) projects in crypto 🔠
The rumor that AI could dramatically change the market in all sectors has intensified thanks to the popularity of OpenAI and applications such as ChatGPT. This trend has also spread to the crypto industry, which has seen a surge in the price of tokens associated with AI projects.
➡️Alex Svanevik (CEO Nansen) believes that artificial intelligence will be integrated into cryptocurrency applications to significantly improve the user experience. He explained that cryptoprojects will start integrating AI technology similar to the way Bing (Microsoft's search engine) teamed up with ChatGPT.
➡️For his part, André Cronje (Fantom Funder) said on his Twitter that crypto and AI are incompatible:
"Blockchain = slow but transparent and secure. AI = fast bandwidth, opaque, black box. I need to make it clear that these two things are incompatible. Blockchains do not improve AI in the same way that AI does not improve blockchains."
With the rise in popularity of AI, you may have noticed such a curious thing. Projects that until recently were unaware of Artificial Intelligence technology have begun to dramatically "incorporate" it into their product. This raises a question: do they do it in order to get a buzz and attract more users OR is there something really revolutionary behind their AI developments?
➡️But if we abstract away from the vague prospects and look at the existing product, the situation is quite interesting. At the moment there are a lot of AI services that solve the problems of artists, designers, copywriters, etc. And this plays to the advantage for us cryptans as well. There are opportunities to:
- getting WL for art using a neural network;
- write articles about projects for Ambassador programs through GPT.
❔ Are you already using AI services to work in various activities?
👍 - Yes.
👎 - No.
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🚨 SEC Chief Gensler hinted in an interview with New York Magazine that he thinks Ethereum could be classified as a security.
👉🏻 Will the SEC come after Ethereum? 👀
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🥇 Bitcoin’s dominance has been on the rise recently.
One of the factors that might be helping its rebound in this cycle is the regulatory environment and the clarity US investors have around Bitcoin as a commodity.
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Airdrop 300 million BLUR (~$280 million) for loyal users of the NFT-platform 🖼
How to get the drop?
1. Cast NFT only on the BLUR site.
2. Place bids (bets) to buy NFTs on BLUR.
The priority will be those who cast the top collections on the volume of trades + only on BLUR (and not other marketplaces).
Most BLUR will be distributed to community members who contribute to the success of the protocol and loyalty.
Also waiting for a drop from OpenSea, otherwise the boys will lose the NFT marketplace race.
🔤 Read more.
Any questions you have about this event can be asked in the comments 🔽
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Activity in Layer 2 blockchains 🧐
⠀
Rumor has it that one of the major trends of 2023 will be the L2 blockchain sector. As various dApps gain momentum, base-level congestion will make it more expensive to use Ethereum. Technologies such as zk rollup and optimistic rollup could be the key to scaling the network without losing its security and decentralization.
In our infographic today, you can see the leaders of this segment and understand what technology each carries.
We will briefly describe the main differences of these very technologies:
🔵Sidechains are fully Ethereum-compatible independent blockchains with their own consensus algorithm (their own validators). To simplify, they are the optimized brother of Ethereum, which operates independently of it but uses the same engine (Ethereum Virtual Masine). It allows to move assets between chains to process different transactions, and contracts deployed in Ethereum's network can be used in its Sidechain as well.
🔵In general, Rollup technology is a scalability solution for Ethereum that executes transactions in an external chain (layer 2). The results of those transactions themselves are placed at layer 1 in a special smart contract. This approach gives low gas fees and almost instantaneous transactions.
🔵Zero Knowledge Rollups. The integrity of validators is verified using a mathematical proof with zero disclosure - SNARK. Only this brief non-interactive knowledge argument is passed to the base level. ZK Rollups have a very high speed, but today, it is difficult to transfer to them already existing on the L1 smart contracts. This technology is preferred by many developers, including Vitalik and Polygon guys!
🔵Optimistic Rollups. They work on the same principle, but instead of checking every transaction at level 2, the core network just broadcasts them "optimistically" assuming they are legitimate if no one disputes it. The main advantage of such rollups is that it is easy to migrate existing smart contracts to them. You can see this in Optimism and Arbitrum - these leading "optimistic" projects have already saved over a billion dollars of user money on commissions! The downside of the technology is that if fraud is suspected, verification can take up to 2 weeks.
❔ Are you interested in posts about the "inner workings" of crypto projects (their technology)?
👍 - Yes
👎 - No
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⚡️ Tracking the Funding of Top Blockchain Ecosystems.
Ethereum projects received the most funding with $7.76B in total and 191 fundraising rounds over 2022. This is followed by BNB Chain with $2B, Polygon $1B and Solana $873M.
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⚡️Good news for miners!
Miners have begun retaining more $BTC than they sell on rolling monthly timeframes, reversing a trend of net sales in place from mid-January.
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🔥 Public wallets of popular Venture Funds have been revealed.
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🔥 The Chinese central bank injected $92bn USD into the market on Friday!
This easily outpaces the Fed’s current QT.
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🔵 OpenSea temporarily lowered the commission to 0%.
OpenSea seems to have been afraid of the Blur marketplace competition.
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❗️ $700,000 worth of funds has been drained from BNB Chain DeFi protocol LaunchZone’s, with the project alleging that an attacker has carried out an exploit.
👉🏻 The value of LaunchZone’s native token $LZ dropped by over 80% 📉
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⚡️ Wyoming passes bill protecting Bitcoin users.
The new "HB0086 Disclosure of private cryptographic keys" legislation states, “No person shall be compelled to produce a private key or make a private key known to any other person".
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💰Solana Network Stumbles, On-Chain Trading Slows After ‘Forking’ Incident
Infrastructure operators on the Solana network rushed to right the struggling blockchain early Saturday after a tech issue throttled users’ ability to trade crypto, transfer assets, or do anything on-chain. The blockchain started “forking” (creating conflicting versions of its transaction history) at around 00:53 New York time, according to Solana’s Discord server. Shortly after that validators’ RAM began increasing while the chain’s transaction throughput fell off a cliff.
Source
🤝 @Cryptocurrency_Inside
⚡️ Trust Wallet has partnered with Ledger.
Today, Trust Wallet officially launched Ledger hardware support for the Trust Wallet browser extension. With the update, you can use the Trust Wallet functionality to access Web3, while keeping your private keys completely offline.
🤝 @Cryptocurrency_Inside
The closest unfilled gaps on the CME exchange:
1) 53600 📈
2) 36000 📈
3) 29300 📈
4) 19550 📉
5) 11100 📉
6) 9600 📉
Current price is 23793
This means that the price of Bitcoin sooner or later with a probability of 90% will reach the above prices👀
🤝 @Cryptocurrency_Inside
⚡️ Coinbase announces its Layer-2 network
The company announces the launch of its "Base" test network. It will not have its own token. The blockchain is built on Optimism Stack.
Base is coinbase's own blockchain and will host all of Coinbase's on-chain products.
The Optimism (OP) token has already reacted positively to this news.
❔ What do you think, will Base become the new top L2 solution?
👍 - Yes
👎 - No
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🚨Fed FOMC Minutes Released:
➖ Almost all Fed officials supported a 25 BPS hike, only a few in favor of a 50 BPS hike.
➖ Participants saw upside risks for inflation.
➖ All participants agree that more interest rate hikes are necessary for the Fed to meet its inflation targets.
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⚡️Yesterday was the worst day for the S&P 500 since the beginning of the year, which was also reflected in the cryptocurrency market.
Investors began to pay attention to the Fed's problems in fighting inflation and their potential for further rate hikes. As a bonus, bankers gave a forecast for the S&P 500 to fall to 3,000📁
Coinbase reported a $2.6 billion loss at the end of 2022, shares down 4.8%. No big deal, waiting for news of a new stock purchase by the Katie Wood Foundation📈
Paxos is ready to sue the SEC, and BUSD's💰 capitalization is already minus $3.5 billion since the indictment 🤔
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Place your Advertising now in the @Cryptocurrency_Inside channel.➖ Over 30.000 subscribers
➖ Over 50.000 Views daily
Admin: @Mark_CryptoInside
📈Where is the cheapest place to withdraw crypto? 🤔
If you're often looking for the cheapest way to withdraw crypto from an exchange - use Coinmarketfees
💭In addition to comparing withdrawal fees from different exchanges, you can also compare fees in different networks📊
📌 Save and share this information with your friends
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GameFi: alive or all is lost?! ☑️
It is no secret that it is thanks to games that a large number of people come to the world of cryptocurrencies. Through quests, trading or other mechanisms, GameFi allows players to earn digital assets for their efforts in the game.
◾️The introduction of NFT and the P2E model - play to earn - changed the market dramatically in 2021-22, which was a real boom. At the very end of November 2021, the total market capitalization of all GameFi project tokens reached its ATH of $36 billion.
◾️The decline of the entire crypto market couldn't help but affect GameFi as well. In November 2022, funding for this sector dropped 69% to a record low of $60 million, and 62% of GameFi investors lost more than half of their 2022 profits.
◾️Nevertheless, according to MarketsandMarkets' analysis, the blockchain game market will grow from $4.6 billion in 2022 to $65.7 billion by 2027. Currently, only 31% of all GameFi projects are playable, while the rest are under investment and development. This points to the enormous potential the industry has regardless of market sentiment.
❔ Do you guys think P2E games will be able to replace existing web2 games, like CS:GO and Dota?
👍 - yes
👎 - no
🟠Our new infographic gives you an overview of the GameFi-project ecosystem.
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Development of the World Wide Web: web1.0, 2.0 & 3.0 🌐
⠀
Over the past couple of years, Web3 has become one of the top sectors for investment by major VCs. In 2022 alone, web3 projects attracted more than $10 billion in investment. Most of you have repeatedly heard about the prospect of Web3, but not everyone understands what its real value and how it differs from the current 2.0?
The concepts of web1.0, 2.0 and 3.0 are used to classify the possible operations that characterize the network at different points in time. Let's break it down in more detail...
⚫️Web1.0.
Web 1.0 refers to the first stage of the evolution of the World Wide Web, that is, it was the first version of the Internet. In 1.0 there were only a few developers and content creators, and the vast majority of users were consumers of information.
Personal web pages were common and consisted mostly of static pages hosted on web servers operated by ISPs or free web hosting services. This web existed from 1990-2004.
Characteristics:
1. Read-only content;
2. It is possible to create only websites;
3. Aimed at working with companies;
4. absence of any advertising.
⚫️Web2.0.
Web 2.0 was an important step forward that changed the idea of the Internet. It became more pervasive because it offered significantly more information, interaction between users, and the ability to create customized content. 2.0 also spawned an advertising-based revenue model.
Popular social networks (Facebook, Youtube, Twitter, etc.) were launched during this very time when the Internet became less expensive and more pervasive.
Characteristics:
1. Content can be read and created;
2. It is possible to create Apps;
3. Aimed at working with all people at the same time;
4. Ability to communicate via WWW.
⚫️Web 3.0.
After 2.0, a third version based on decentralization, blockchain and the semantic web - Web3.0 - will enter the ring of fighters. Its main purpose is to increase the security and privacy of the web.
The semantic web (semantic web) is a publicly accessible global semantic network formed on the basis of the World Wide Web by standardizing the representation of information in a form suitable for machine processing (AI).
▶️ With the arrival of more and more mass adoption, projects from 3.0 will inevitably have an impact on their 2.0 progenitors. At this point, there are already potential web3 competitors for most of everyone's favorite services. A few examples:
- Spotify -> Audius
- Google -> Presearch
- WhatsApp -> Status
- PayPal -> Metamask
- YouTube -> Livepeer
- Chrome -> Brave.
The main problem is that such projects still have a long way to go, which is almost impossible to pass without more adaptation of crypto for people (or vice versa).
➡️ One of the main differences between Web2.0 and 3.0 is the technology that each supports. Web2 runs on programming languages such as HTML5, PHP, CSS3, JavaScript, etc., while Web 3 will run on artificial intelligence, machine learning and blockchain technology.
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📈Will 2023 be the year of bitcoin accumulation and hoarding?
According to CryptoQuant analysts, 2023 may be the next stage of long-term accumulation of Bitcoin💰
Last year, the market was dominated by bearish sentiment provoked by macroeconomic factors and other risks. As a result, bitcoin collapsed to a two-year low and recovered slightly only by the beginning of 2023📊
However, the largest digital currency is still well below the record values reached in 2021. It is this factor that stimulates investors' willingness to continue accumulating BTC
💭In 2023, most likely, we will not see a breakthrough. But CryptoQuant believes that the current year may be decisive for bitcoin hodlers. They always aggressively buy at the bottom when the market is stagnating📈
🤝 @Cryptocurrency_Inside
FUNDRAISING TRENDS 🟡
Despite the "crypto-winter," the total fundraising volume by 2021 and 2022 showed a positive growth trend. The amount of money raised in the first half of 2022 almost equals that of all of 2021. This indicates that many industry players remain optimistic in anticipation of the next bull run and continue to support promising projects.
🔤 Some statistics:
⚫️More attractive destinations for investors in 2022 were Wed3 and infrastructure projects, with a total of ~$21B invested. This trend is likely to continue in 2023.
⚫️Despite the popularity of the aforementioned areas, the NFTs sector has the highest average ROI for public rounds (+49%). While the worst performance was shown by DeFi, with an ROI value of -67%.
⚫️Total of 1,965 funding rounds were conducted for 2022, valued at $41.89B, of which:
- 1110 - Pre-seed, Seed, Strategic - rounds;
- 404 - Series A, B, C;
- 451 - others.
⚫️If talk about VC, Animoca Brands and Coinbase Ventures are the two most active investors, but their "investment tastes" differ significantly. While Animoca invests mainly in Web3 and NFTs, Coinbase spreads its portfolio fairly evenly across various segments.
⚫️Statistically, most retail investors allocate 25 to 50% of their portfolios to cryptocurrency investments. This is the largest group of investors who believe that projects that raise large amounts of capital from established funds will be in demand in the future.
🟠In the new infographic you can see the fundraising volumes for 2021 and 2022.
❔ Do you think fundraising in 2023 will be able to outpace 2022?
👍 - Yes
👎 - No
🤝 Cryptocurrency Inside | Telegram | Chat | Partner