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Starknet's new $STRK token faces backlash after a massive airdrop. Is it justified?
This week's launch of Starknet's $STRK token has been anything but smooth sailing. The Ethereum layer 2 network kicked things off with a huge community airdrop, distributing over $2 billion worth of $STRK tokens. But the move hasn't been met with the celebration you might expect. Instead, the STRK token is now one of the most hotly debated launches in recent memory.
So, what's got the crypto community so riled up? It seems a mix of factors are at play. Some criticize the airdrop's distribution method, while others take issue with the token's underlying structure. The debate has become so heated that it raises an important question: is the controversy surrounding the Starknet #STRK token launch warranted, or is this just another bout of crypto drama?
Let's break things down further – stay tuned for updates on this developing story.
Let me know if you'd like me to expand on this further or explore specific angles within the controversy!
#strkairdrop #STRK
This week's launch of Starknet's $STRK token has been anything but smooth sailing. The Ethereum layer 2 network kicked things off with a huge community airdrop, distributing over $2 billion worth of $STRK tokens. But the move hasn't been met with the celebration you might expect. Instead, the STRK token is now one of the most hotly debated launches in recent memory.
So, what's got the crypto community so riled up? It seems a mix of factors are at play. Some criticize the airdrop's distribution method, while others take issue with the token's underlying structure. The debate has become so heated that it raises an important question: is the controversy surrounding the Starknet #STRK token launch warranted, or is this just another bout of crypto drama?
Let's break things down further – stay tuned for updates on this developing story.
Let me know if you'd like me to expand on this further or explore specific angles within the controversy!
#strkairdrop #STRK
DePIN: Is it the Next Big Wave in Blockchain?
DePIN, short for Decentralized Public Infrastructure Network, is a new blockchain platform designed to address the scalability, security, and privacy issues in decentralized applications (#Dapps ). #DePIN utilizes a unique architecture that combines sharding, sidechain, and #PoS consensus to achieve high performance, strong security, and seamless interoperability between dApps.
Here are some of the key features of DePIN:
Scalability: DePIN can handle thousands of transactions per second, making it capable of meeting the demands of high-traffic dApps.Security: DePIN uses the most advanced cryptographic algorithms to protect user data and prevent fraudulent activities.Privacy: DePIN allows users to anonymize their transactions, helping to protect their privacy.Interoperability: DePIN allows dApps to communicate with each other easily, helping to create a robust dApp ecosystem.
DePIN has the potential to create a new wave in blockchain because it solves the major problems hindering the growth of dApps. DePIN can help dApps become faster, more secure, and easier to use, making them accessible to a wider range of users.
Here are some reasons why DePIN has the potential to create a new wave in blockchain:
Growing demand for dApps: The demand for dApps is growing rapidly, but existing blockchain platforms cannot meet this demand. DePIN can address this issue by providing a highly scalable blockchain platform.Increasing concerns about security and privacy: Users are becoming increasingly concerned about protecting their data. DePIN can address this need by providing a secure and private blockchain platform.The development of new technologies: New technologies such as sharding and sidechain are being developed to address the scalability and security issues in blockchain. DePIN utilizes these technologies to provide a powerful and efficient blockchain platform.
DePIN is a promising new project that has the potential to create a new wave in blockchain. DePIN can help dApps become faster, more secure, and easier to use, making them accessible to a wider range of users.
Here are some of the key features of DePIN:
Scalability: DePIN can handle thousands of transactions per second, making it capable of meeting the demands of high-traffic dApps.Security: DePIN uses the most advanced cryptographic algorithms to protect user data and prevent fraudulent activities.Privacy: DePIN allows users to anonymize their transactions, helping to protect their privacy.Interoperability: DePIN allows dApps to communicate with each other easily, helping to create a robust dApp ecosystem.
DePIN has the potential to create a new wave in blockchain because it solves the major problems hindering the growth of dApps. DePIN can help dApps become faster, more secure, and easier to use, making them accessible to a wider range of users.
Here are some reasons why DePIN has the potential to create a new wave in blockchain:
Growing demand for dApps: The demand for dApps is growing rapidly, but existing blockchain platforms cannot meet this demand. DePIN can address this issue by providing a highly scalable blockchain platform.Increasing concerns about security and privacy: Users are becoming increasingly concerned about protecting their data. DePIN can address this need by providing a secure and private blockchain platform.The development of new technologies: New technologies such as sharding and sidechain are being developed to address the scalability and security issues in blockchain. DePIN utilizes these technologies to provide a powerful and efficient blockchain platform.
DePIN is a promising new project that has the potential to create a new wave in blockchain. DePIN can help dApps become faster, more secure, and easier to use, making them accessible to a wider range of users.
How to buy $DOP Private Sale?
Here's how you can buy it, step by step.
1. Join Coinbold's Private Investor Group by messaging me.
2. Get access code
3. Visit https://privatesale.dop.org
4. Enter the access code given to the investor and buy.
Here's how you can buy it, step by step.
1. Join Coinbold's Private Investor Group by messaging me.
2. Get access code
3. Visit https://privatesale.dop.org
4. Enter the access code given to the investor and buy.
Ready to dive into the world of #Bitcoin mining? Don't miss Mining Disrupt, the largest global expo dedicated to this booming industry! Join us for keynotes, insightful panels, and cutting-edge exhibits. Network with the best and learn the latest in Bitcoin mining strategies.
Elevate your mining game! Use code COINBOLD_20 for a special discount on your ticket.
#MiningDisrupt
#Crypto
#BitcoinMining
Elevate your mining game! Use code COINBOLD_20 for a special discount on your ticket.
#MiningDisrupt
#Crypto
#BitcoinMining
Binance Web3 Wallet Upgrades: What's New with Inscriptions and ERC-404 Support?
Breaking: Binance Web3 Wallet Just Got a Major Upgrade
Are you ready to take your Web3 experience to the next level? Binance Web3 Wallet has just rolled out some seriously exciting new features that are sure to shake things up.
First up, get ready to dive into the world of "Inscriptions" with their brand-new marketplace. Not sure what Inscriptions are? Think of them like digital collectibles on the Bitcoin blockchain – and now you can buy, sell, and trade them directly within your Binance Web3 Wallet.
But that's not all! Binance has also added support for the ERC-404 token standard. This might sound a little techy, but it essentially means you can now hold a wider range of unique digital assets within your wallet.
Why does this matter? These upgrades are a big deal for anyone serious about Web3. They give you more ways to interact with the world of digital ownership and open up a whole range of possibilities.
Ready to try it out? Head over to Binance and update your Web3 Wallet to start exploring these awesome new features!
#ERC404
Breaking: Binance Web3 Wallet Just Got a Major Upgrade
Are you ready to take your Web3 experience to the next level? Binance Web3 Wallet has just rolled out some seriously exciting new features that are sure to shake things up.
First up, get ready to dive into the world of "Inscriptions" with their brand-new marketplace. Not sure what Inscriptions are? Think of them like digital collectibles on the Bitcoin blockchain – and now you can buy, sell, and trade them directly within your Binance Web3 Wallet.
But that's not all! Binance has also added support for the ERC-404 token standard. This might sound a little techy, but it essentially means you can now hold a wider range of unique digital assets within your wallet.
Why does this matter? These upgrades are a big deal for anyone serious about Web3. They give you more ways to interact with the world of digital ownership and open up a whole range of possibilities.
Ready to try it out? Head over to Binance and update your Web3 Wallet to start exploring these awesome new features!
#ERC404
Questions swirl around Smart Layer's $SLN token airdrop. Get the inside scoop on the unfolding controversy.
Smart Layer's recent airdrop of its $SLN token has ignited a firestorm of controversy. Users are raising concerns about the distribution process, with allegations of unfair practices and a lack of transparency.
Some are questioning the legitimacy of the airdrop itself, suggesting that it might be a way to artificially inflate the token's value. Others are frustrated by what they see as a failure to communicate clearly about eligibility requirements and distribution timelines.
Smart Layer has yet to issue a comprehensive statement addressing the accusations. The lack of response is further fueling speculation and causing some users to lose trust in the project.
As the situation continues to develop, it raises important questions about the fairness and ethics of cryptocurrency airdrops. Should there be more oversight in how these events are conducted? What responsibility do projects have to be transparent about their distribution methods?
#airdrop #SLN
Smart Layer's recent airdrop of its $SLN token has ignited a firestorm of controversy. Users are raising concerns about the distribution process, with allegations of unfair practices and a lack of transparency.
Some are questioning the legitimacy of the airdrop itself, suggesting that it might be a way to artificially inflate the token's value. Others are frustrated by what they see as a failure to communicate clearly about eligibility requirements and distribution timelines.
Smart Layer has yet to issue a comprehensive statement addressing the accusations. The lack of response is further fueling speculation and causing some users to lose trust in the project.
As the situation continues to develop, it raises important questions about the fairness and ethics of cryptocurrency airdrops. Should there be more oversight in how these events are conducted? What responsibility do projects have to be transparent about their distribution methods?
#airdrop #SLN
We made a strategic investment in Octavia an innovative AI Crypto assistant. With its advanced features, Octavia is set to transform the way users engage with the crypto world.
Revolut to Terminate Cryptocurrency Services for US Customers Amid Regulatory Environment - Revolut, a well-known fintech business known for its wide range of financial services, recently made a significant announcement. For its US customers, it has chosen to stop offering any cryptocurrency-related services. The “evolving regulatory environment” pertaining to cryptocurrencies in the United States is cited as the main justification for this action.
Amidst the apprehension, there is now a glimmer of hope as the hacker has decided to return approximately $8.9 million worth of cryptocurrency to Alchemix. This unexpected move has brought optimism for the potential recovery of more stolen funds.
The Bank of Canada recently unveiled a comprehensive Crypto Asset Ownership report, presenting the latest data from the year 2022. This significant publication sheds light on the ownership and usage of cryptocurrencies in the country, providing valuable insights into the evolving crypto landscape.
The decentralized cryptocurrency exchange Trader Joe has taken a significant step in revolutionizing the Ethereum ecosystem by launching its automated market maker (AMM) called the "Liquidity Pool." This cutting-edge technology allows users to trade cryptocurrencies using stablecoins on the Ethereum blockchain.
#ETH
#ETH
Amazon Partners with Mojo Melee to Offer Exclusive NFT Giveaways for Prime Subscribers - This partnership brings exciting opportunities for Amazon Prime subscribers, who will have the chance to receive exclusive NFT giveaways.
Nifty's, the Web3 Creator Platform, Shuts Down Amidst Financial Challenges - Nifty's, a company that once collaborated with the biggest entertainment names, has made the heartbreaking decision to shut down its operations. The social network turned Web3 creators platform announced the unfortunate news on August 3, citing limited resources in a challenging market as the primary reason for its closure.
#nfts
#nfts
Crossover and Cboe Digital Forge Revolutionary Collaboration in the Crypto Market
- Crossover, the leading financial technology company, has joined forces with Cboe Digital, a prominent cryptocurrency exchange operator, to pave the way for innovation in the digital asset market. The collaboration aims to revolutionize trade execution and provide operational efficiencies while fostering healthy competition.
- Crossover, the leading financial technology company, has joined forces with Cboe Digital, a prominent cryptocurrency exchange operator, to pave the way for innovation in the digital asset market. The collaboration aims to revolutionize trade execution and provide operational efficiencies while fostering healthy competition.
HashKey and OSL Receive License to Provide Retail Crypto Services in Hong Kong
The Securities and Futures Commission (SFC) of Hong Kong has recently granted two prominent crypto players, HashKey and OSL, the license to offer retail crypto services. This marks a significant milestone for the crypto industry in Hong Kong as it moves towards becoming a crypto hub in the region. HashKey, in particular, becomes the first crypto exchange to serve retail users in Hong Kong, elevating its status in the market.
The Securities and Futures Commission (SFC) of Hong Kong has recently granted two prominent crypto players, HashKey and OSL, the license to offer retail crypto services. This marks a significant milestone for the crypto industry in Hong Kong as it moves towards becoming a crypto hub in the region. HashKey, in particular, becomes the first crypto exchange to serve retail users in Hong Kong, elevating its status in the market.
BlackBerry’s Cybersecurity Division Identifies Notorious Malware Targeting Cryptocurrencies
- In its latest cybersecurity report, BlackBerry’s cybersecurity division has exposed the lurking danger of malware families that pose a significant threat to cryptocurrencies. These nefarious digital intruders, such as SmokeLoader, RaccoonStealer, and Vidar, have been designed with a malicious intent to hijack computers and mine or steal valuable cryptocurrencies.
- In its latest cybersecurity report, BlackBerry’s cybersecurity division has exposed the lurking danger of malware families that pose a significant threat to cryptocurrencies. These nefarious digital intruders, such as SmokeLoader, RaccoonStealer, and Vidar, have been designed with a malicious intent to hijack computers and mine or steal valuable cryptocurrencies.
Beeple Buys First PFP NFT from Crypto Punk Collection
Beeple, a well-known digital artist who once sold the most expensive NFT ever, recently made news when he bought an NFT from the Crypto Punk collection. He tweeted his gratitude for the positive response to his most recent work as well as his excitement over his very first PFP (Profile Picture) acquisition.
#nfts
Beeple, a well-known digital artist who once sold the most expensive NFT ever, recently made news when he bought an NFT from the Crypto Punk collection. He tweeted his gratitude for the positive response to his most recent work as well as his excitement over his very first PFP (Profile Picture) acquisition.
#nfts
Australian Financial Takes Legal Action Against eToro Over High-Risk CFD Product
The Australian financial regulator, ASIC (Australian Securities and Investments Commission), has taken legal action against the popular crypto investment platform, eToro. The lawsuit revolves around eToro’s contract for difference (CFD) product, a leveraged derivative that enables buyers to speculate on the price movements of various underlying assets, including cryptocurrencies, commodities, stock market indices, and FX rates. According to ASIC, this particular CFD product poses significant risks to retail clients, leading to financial harm.
The Australian financial regulator, ASIC (Australian Securities and Investments Commission), has taken legal action against the popular crypto investment platform, eToro. The lawsuit revolves around eToro’s contract for difference (CFD) product, a leveraged derivative that enables buyers to speculate on the price movements of various underlying assets, including cryptocurrencies, commodities, stock market indices, and FX rates. According to ASIC, this particular CFD product poses significant risks to retail clients, leading to financial harm.
The United States Bankruptcy Court has approved the BlockFi bankruptcy plan.
The United States Bankruptcy Court for the District of New Jersey gave its approval for the Disclosure Statement of BlockFi Inc. on August 2, 2023. The statement outlined the company's plan to maximize recoveries for its creditors during the bankruptcy process. Mark Renzi, the Chief Restructuring Officer of BlockFi from Berkeley Research Group, expressed confidence in their approach, stating, "We are confident that our Plan provides the best path to expeditiously return crypto back to our clients, and we strongly urge BlockFi’s clients to vote to accept it."
The United States Bankruptcy Court for the District of New Jersey gave its approval for the Disclosure Statement of BlockFi Inc. on August 2, 2023. The statement outlined the company's plan to maximize recoveries for its creditors during the bankruptcy process. Mark Renzi, the Chief Restructuring Officer of BlockFi from Berkeley Research Group, expressed confidence in their approach, stating, "We are confident that our Plan provides the best path to expeditiously return crypto back to our clients, and we strongly urge BlockFi’s clients to vote to accept it."
Robinhood Reports Profit in Q2 Despite Drop in Crypto Revenue
Robinhood, the California-based company known for its user-friendly investment platform, released its second-quarter earnings report on August 2. The report revealed a notable achievement in overall profit, although there was an 18% drop in revenue from cryptocurrency transactions.
Decline in Crypto and Other Transaction Revenues
In Q2, Robinhood’s revenue from crypto transactions declined to $31 million from the previous quarter’s $38 million. Additionally, other transactions also experienced a decrease, with options revenue dropping 5% to $127 million, and equity revenue falling 7% to $25 million. Despite these declines, Robinhood managed to maintain a net income of $25 million, showcasing positive earnings per share (EPS) of $0.03, a significant improvement from the net loss of $511 million and EPS of -$0.57 reported in Q1 2023.
Promising Financial Performance Metrics
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) demonstrated a promising trend, increasing 31% sequentially to $151 million. The adjusted EBITDA margin (non-GAAP) also improved by 5 points, reaching 31% in the second quarter.
Increase in Crypto Assets Under Custody
One positive aspect in the earnings report was the small increase in crypto assets under custody (AUC). In December 2022, the AUC amounted to $8.431 billion, which rose to $11.503 billion in June 2023. This increase represents a 13% growth in asset value to $89 billion from the previous year, primarily driven by higher equity valuations and continued net deposits.
CEO’s Positive Outlook and Commitment to Innovation
Vlad Tenev, the CEO and Co-Founder of Robinhood Markets, expressed his satisfaction with the results, stating, “In Q2, we reached a significant milestone by achieving GAAP profitability for the first time as a public company.” He also emphasized the company’s commitment to innovation for customers, asset growth, market share expansion, and positive changes within the industry.
Impressive Growth in Net Deposits
During Q2 2023, Robinhood witnessed a net deposit of $4.1 billion, showcasing an annualized growth rate of 21% relative to Assets Under Custody (AUC) in Q1 2023. The company has seen a remarkable 25% growth over the year, leading to a total of $16.1 billion in AUC at the end of Q2 2022.
Future Outlook and Industry Standing
Robinhood’s Q2 earnings report highlights the company’s resilience and ability to navigate challenges within the crypto market. Despite the drop in crypto revenue, the company’s overall financial performance remains positive, and its focus on innovation and customer satisfaction has contributed to its success.
As the investment landscape continues to evolve, Robinhood aims to maintain its position as a prominent player in the industry and seeks to further enhance its offerings for investors. The positive trajectory in Q2 is expected to bolster investor confidence and solidify Robinhood’s reputation as a leading investment platform in the market.
Decline in Crypto and Other Transaction Revenues
In Q2, Robinhood’s revenue from crypto transactions declined to $31 million from the previous quarter’s $38 million. Additionally, other transactions also experienced a decrease, with options revenue dropping 5% to $127 million, and equity revenue falling 7% to $25 million. Despite these declines, Robinhood managed to maintain a net income of $25 million, showcasing positive earnings per share (EPS) of $0.03, a significant improvement from the net loss of $511 million and EPS of -$0.57 reported in Q1 2023.
Promising Financial Performance Metrics
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) demonstrated a promising trend, increasing 31% sequentially to $151 million. The adjusted EBITDA margin (non-GAAP) also improved by 5 points, reaching 31% in the second quarter.
Increase in Crypto Assets Under Custody
One positive aspect in the earnings report was the small increase in crypto assets under custody (AUC). In December 2022, the AUC amounted to $8.431 billion, which rose to $11.503 billion in June 2023. This increase represents a 13% growth in asset value to $89 billion from the previous year, primarily driven by higher equity valuations and continued net deposits.
CEO’s Positive Outlook and Commitment to Innovation
Vlad Tenev, the CEO and Co-Founder of Robinhood Markets, expressed his satisfaction with the results, stating, “In Q2, we reached a significant milestone by achieving GAAP profitability for the first time as a public company.” He also emphasized the company’s commitment to innovation for customers, asset growth, market share expansion, and positive changes within the industry.
Impressive Growth in Net Deposits
During Q2 2023, Robinhood witnessed a net deposit of $4.1 billion, showcasing an annualized growth rate of 21% relative to Assets Under Custody (AUC) in Q1 2023. The company has seen a remarkable 25% growth over the year, leading to a total of $16.1 billion in AUC at the end of Q2 2022.
Future Outlook and Industry Standing
Robinhood’s Q2 earnings report highlights the company’s resilience and ability to navigate challenges within the crypto market. Despite the drop in crypto revenue, the company’s overall financial performance remains positive, and its focus on innovation and customer satisfaction has contributed to its success.
As the investment landscape continues to evolve, Robinhood aims to maintain its position as a prominent player in the industry and seeks to further enhance its offerings for investors. The positive trajectory in Q2 is expected to bolster investor confidence and solidify Robinhood’s reputation as a leading investment platform in the market.
