by Chelsea Florence | Nov 10, 2023 | Blockchain
Key Points
- MoonDAO is offering its second ticket to take another DAO-voted member into Space via Jeff Bezos’s company, Blue Origin.
- MoonDAO sent the first DAO-voted member into Space in August 2022 and is now back with similar pursuits.
In August 2022, MoonDAO completed an exciting endeavor, sending a DAO-voted member to Space. The DAO is now back for a second leg, where a lucky contestant will be selected for a similar experience.
MoonDAO seeks astronauts to Space via Blue Origin.
The Decentralized Autonomous Organization has announced another sweepstakes round to get a lucky member to join the next flight to Space with Jeff Bezos’s Blue Origin space company.
According to their Nov. 7 announcement, owning a ticket to Space NFT is not mandatory to enter their sweepstake or win. However, the registration process depends on the DAO’s terms and conditions.
The announcement explained that the selection process is community-oriented and revamped to improve the onboarding experience while leveraging the MoonDAO App and Marketplace.
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Bitcoin: bc1qpeuuw7szfdkqd7hp66uhkas4huha8qkwxdgxtg
BNB Chain/BEP 20: 0xe6814Bf3B50691BC1697E4B2717f5d204b67C7f6
by Melissa Adams | Nov 10, 2023 | Blockchain
Key Points
- Bitcoin has broken an 18-month high by trading at over $37,500 on Nov 9.
- ETH has also been surging in prices, but so is its gas fees. Over the past 24 hours, it breached the $200 mark for given high-priority transactions, igniting debate on scalability issues.
Bitcoin and Ethereum are surging in price as the BTC halving countdown closes in. However, concerns are now rising over scalability issues as gas fees surge. Bitcoin network recently began being used for inscriptions and hosting other tokens; as a result, its scalability is now in question whether it will be able to handle the demands as a bull market may be close.
Are bull market issues beginning once more?
Crypto market cycles have been seen to follow four years of Bitcoin halving. This time, it’s not any different. The crypto market is recovering fast from the heavy bear market that began towards the end of 2021 as Bitcoin’s halving countdown continues clocking. It’s now only 190 days left till the halving is done, and Bitcoin has already registered a new 18-month high.
However, concerns are rising over its scalability issues. Bitcoin network has been upgraded to support ordinal inscriptions, and new token standards have been introduced, allowing it to have ecosystems built around it. As a result, the network will be required to settle even more transactions than ever before.
In past bull cycles, the Bitcoin network has been subject to high gas fees, though not as high as Ethereum. Ethereum has undergone new improvements in its scalability issues via the transition to the POS mechanism. However, this transition was confirmed not to have very significant changes to the network’s gas fee challenges just yet.
Over the last 24 hours, crypto users started circulating screenshots of $220 gas fees required to settle a high-priority transaction on the Ethereum network, while others showed one with a $100 mark. On the Bitcoin matter, at the same time frame, the average Bitcoin gas fees hovered around $10 while it had been around the $1 mark for the past three months.
This material is meant for educational and recreational purposes only. It is not financial advice in any way; therefore, damage caused by the information provided here is not liable to the company or the writer in question. Please make due diligence and conduct your own research before taking any action prompted by the information provided above.
For more resources like this one, keep watching our website and remember to follow our socials to stay ahead of the curve. Thanks for believing in us. Your support is appreciated.
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Bitcoin: bc1qpeuuw7szfdkqd7hp66uhkas4huha8qkwxdgxtg
BNB Chain/BEP 20: 0xe6814Bf3B50691BC1697E4B2717f5d204b67C7f6
by Fintech Express | Nov 8, 2023 | Blockchain
Key Points
- Binance crypto exchange has launched a Binance Web3 wallet for its 150 M registered users.
- The Binance Web3 Wallet has been launched within the primary Binance app and is predominantly used for trading cryptocurrencies.
Binance has announced the launch of the Binance Web3 Wallet, which will be used for crypto trading and be harbored in the main Binance trading App.
Binance excites its users with a new Web3 solution
The new wallet was introduced at the Binance Blockchain Week conference in Istanbul and is set to be made available to all users via the official international platform for the exchange. During the launch, CEO Changpeng Zhao explained that the exchange is tapping into the innovation as Web3 wallets represent more than just the storage of digital assets as they empire sovereignty of personal finances.
“Web3 wallets represent more than just storing digital assets — they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance.”
According to the released notes on the innovation, the application utilizes a multi-party computation mechanism (MPC), which is used to break the user’s private keys into three smaller parts called Key shares. Two of the keys are controlled by the user at all times, allowing for self-custody.
The three shares of the keys will be held at three different places, with the first one being held with Binance, the second part stored locally on the user’s mobile phone and the third being encrypted by the user’s recovery password and backed up to their personal cloud storages like iCloud or Google Drive.
The announcement explains that having the keys split across three different locations reduces the chances of vulnerability and mitigates the possibility of the keys falling into the hands of third parties.
According to the head of regional markets at Binance, Richard Teng, the MPC technology removes fears of losing the seed phrase.
“We want our users to be assured that they interact with Web3 within a secure and protected ecosystem. That is why we have incorporated MPC technology and Binance’s trusted security infrastructure within the Web3 Wallet,” Teng said.
This material is meant for educational and recreational purposes only. It is not financial advice in any way; therefore, damage caused by the information provided here is not liable to the company or the writer in question. Please make due diligence and conduct your own research before taking any action prompted by the information provided above.
For more resources like this one, keep watching our website and remember to follow our socials to stay ahead of the curve. Thanks for believing in us. Your support is appreciated.
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by Joseph Reagan | Oct 26, 2023 | Regulation
Key Points
- SkyBridge founder Anthony Scaramucci has criticized the decision by Sam Bankman-Fried’s defense to allow him to take the stand.
- He says that the prosecutors will exploit weaknesses in his story and end up with a longer sentencing.
Anthony Scaramucci, the SkyBridge Capital founder, has voiced his opinions on the ongoing FTX case, saying Sam Bankman-Fried has run out of means to “out-fox” regulators. He added that the ex-CEO of the fallen exchange will be “skinned alive by the regulators.
Sam Bankman-Fried to take the stand in his trial case
In an Oct. 25 interview with CNBC, Anthony Scaramucci voiced his opinions on the ongoing case against FTX founder and EX-CEO Sam Bankman-Fried, saying that the Department of Justice will refer to all the contradictions he made, adding years to his eventual sentence.
He stated that the move by his defense to allow him to take the stand in his criminal trial is a “very bad move” as the prosecutors will have the chance to skin him alive without much resistance.
“He’s going to get skinned alive; there’s no way to escape. He thinks he will out-fox the prosecutors, but they’re very well experienced with this stuff.”
He added that he believes that Sam Bankman-Fried’s failed ambitions and excessive urge to out-trade everyone is the end of him. FTX Ventures had acquired a stake of 30% in SkyBridge, which the company is now trying to buy back from the now-bankrupt exchange.
However, only a little development has happened, as the exchange might be re-launched. Keep watching Fintech Express for more updates on this and other Fintech-related developments.
by admin | Oct 23, 2023 | Learn
Preparing for a bull market involves taking steps to make the most of potential investment opportunities and protecting your financial interests as the market experiences growth. Here are some strategies to consider:
Educate Yourself:
- Stay informed about the financial markets and economic conditions. Read books, articles, and watch news related to investments and market trends.
- Understand the characteristics of a bull market, including rising stock prices and positive investor sentiment.
Set Clear Goals:
- Define your financial goals and investment objectives. Are you looking for short-term gains or long-term wealth accumulation?
Diversify Your Portfolio:
- Diversification can help manage risk. Spread your investments across different asset classes, such as stocks, bonds, real estate, and commodities.
- Consider diversifying within asset classes as well. For stocks, invest in various sectors and industries.
Review Your Portfolio:
- Assess your current investments and make adjustments as needed. Rebalance your portfolio to align with your long-term objectives.
Build an Emergency Fund:
- Ensure you have an adequate emergency fund that covers three to six months’ worth of living expenses. This provides a financial safety net in case of unexpected events.
Risk Tolerance Assessment:
- Evaluate your risk tolerance and make sure your portfolio aligns with it. Your risk tolerance should match your investment strategy.
Investment Strategy:
- Develop a clear investment strategy that suits the current market conditions. For a bull market, consider a growth-oriented strategy.
Long-Term Perspective:
- Focus on long-term investing rather than trying to time the market. Market timing can be challenging, even during a bull market.
Dollar-Cost Averaging:
- Consider using dollar-cost averaging to invest regularly, which can help reduce the impact of market volatility.
Avoid Emotional Decisions:
- Don’t let emotions dictate your investment decisions. Fear and greed can lead to poor choices. Stick to your pre-defined strategy.
Regular Monitoring:
- Keep a close eye on your investments, but avoid overtrading. Frequent buying and selling can lead to increased transaction costs and taxes.
Take Profits:
- Consider taking profits periodically. Reinvesting some gains or setting aside cash can help you capture gains and protect your capital.
Tax-Efficient Investing:
- Be mindful of the tax implications of your investments. Consider tax-efficient strategies, such as tax-advantaged accounts like IRAs and 401(k)s.
Seek Professional Advice:
- If you’re unsure about your investment decisions, consider consulting a financial advisor who can provide guidance based on your individual circumstances.
Avoid Speculative Bets:
- Be cautious about chasing high-risk, speculative investments during a bull market. Ensure that your investments align with your risk tolerance and objectives.
Stay Informed:
- Stay updated on market conditions and adjust your strategy as needed. Market conditions can change, and being adaptable is important.
Conclusion
Remember that bull markets can be followed by bear markets, and investing always carries inherent risks. Be prepared for market fluctuations and stay disciplined in your approach, focusing on your long-term financial goals. Keep watching Fintech Express for more investing and fintech research guides.
