Answer to the task in the application: what are AMMs? - CRYPTOSMART
Interview with Oleg Shestakov and Vladimir Smerkis.
Vladimir Smerkis has worked at Mail.ru since 2016, then worked for himself, advertising agencies - he did an advertising campaign for RedBull. In 2021, he came to work at Binance and headed the Russia and CIS direction.
It was interesting to learn how large exchanges and crypto work. Under his leadership, the number of employees increased to 8,000.
Unveiling the Rocky Rabbit Scheme: A Calculated Deception 🐇💔
Total Participants: Approximately 26 million users.
Transaction Per User: Each individual paid $3.00. Total Funds Collected: 26,000,000 × 3.00 = $78,000,000 USD. Total Tokens Released: 11 trillion tokens. Estimated Token Value: $0.0000075 per token. Overall Value of Distributed Tokens: 11,000,000,000,000 × 0.0000075 = $82,500,000 USD. Average Tokens Per User: 11,000,000,000,000 ÷ 26,000,000 = 423,077 tokens. Individual Token Value: 423,077 × 0.0000075 = $3.17 USD.
Key Takeaways 📊 Total Amount Collected: $78,000,000 Tokens Distributed: 11 trillion Total Value of Tokens Distributed: $82,500,000 Average Value Per User: $3.17 USD
User Effort vs. Compensation 💼 Participants spent a considerable amount of time and effort in anticipation of significant returns. However, after all their dedication, they received tokens valued at only $3.17 each. This glaring difference raises serious questions about the fairness and legitimacy of the Rocky Rabbit project.
Final Analysis and Conclusion 🔍 While Rocky Rabbit amassed an astounding $78 million from users, the distributed tokens are valued at just $82.5 million. The clear imbalance in user investment and rewards suggests this project may be more of a predatory scheme than a genuine opportunity, with the primary intent of exploiting innocent participants.
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Binance Announcement
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Participate in the daily#HalvingWithBinanceeducational challenge and win community rewards
Dear Binance Community Members, Binance is introducing a daily educational competition for the community, #HalvingwithBinance, dedicated to the upcoming Bitcoin halving. Users can read daily tutorials, participate in discussions, and share community rewards as we all celebrate this milestone!
#SHIB🔥🔥 SOON 🎯🎯🎯🎯🎯 GOOD AND BIG NEWS 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
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U.today
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Shytoshi Kusama's Crucial New Message Shared by SHIB Team
The mysterious Shiba Inu lead known to the community as Shytoshi Kusama has addressed the SHIB community in a recent message, commenting on the most recent major collaboration started by Shiba Inu.
In the meantime, this week, the SHIB army has successfully burned hundreds of millions of meme coins.
Shytoshi Kusama's important message
The enigmatic SHIB leader has commented on the recently initiated cooperation of the SHIB team with CDSA (Content Delivery Security Association). This collaboration will help Shiba Inu to explore the prospects of blockchain use in the sphere of media and entertainment.
“We look forward to providing a unique and blockchain-first perspective to CDSA’s work in helping media and entertainment executives better utilize these innovative technologies, especially as blockchain and artificial intelligence converge,” Shiba Inu lead developer… pic.twitter.com/GT75ZgnLbG
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) April 11, 2024
Kusama’s message to the community was shared by the official social media marketing expert of SHIB known as Lucie. In it, Shytoshi also mentioned that SHIB’s collaboration will help executives in the aforementioned spheres to “better utilize these innovative technologies, especially as blockchain and artificial intelligence converge.”
CDSA is a nonprofit organization that works internationally. Founded in 1970, it provides best practices for the delivery and storage of information technology, entertainment and software. The organization makes a point of focusing on content security, protection and authenticity.
Thanks to SHIB joining CDSA, the latter should be able to improve its focus and provide it with the SHIB team’s insights and expertise on utilizing blockchain technology for their work.
Earlier this week, Shytoshi Kusama also sent holiday greetings to the SHIB community, wishing it a Happy Easter (Passover, Eid, Gudi, Padwa/Ugadi). The SHIB lead invited everyone to come to the Blockchain Life Forum that is to take place in Dubai in less than a week from now and see what the SHIB team has to show there. In particular, there will be a Meme Night Cocktail Reception organized by Metis and FreeLabs.
card
Hundreds of millions of SHIB roasted
According to data shared by the Shibburn data tracker, within the past seven days, the SHIB community has disposed of almost 300 million meme coins – 272,441,541 SHIB in total, thus driving the overall weekly burn rate up by 13.2%.
As for the past 24 hours, during this time, the Shiba Inu army has successfully roasted a tiny 3,044,312 SHIB, sending them to unspendable blockchain wallets – minus 95.54% in the burn rate.
#BTC NOW MARKET IS SLOWLY MOVING UP 🔥🔥🔥🔥🔥🔥🔥I BELIEVE IN BIG PROFIT X1000 💰💰💰💰💰💰💰💰💰💰💰💰💰💰🏆🏆🏆🏆🏆🏆🏆🏆🏆🏆🏆🎁🎁🎁🎁🎁🎁🎁🎁🎁🎁🎁🎁🎁🎁
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Mbeyaconscious
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📉 Why Bitcoin's Dip Today Might Be a Temporary Pause Before a Skyrocketing Surge 🚀
Bitcoin's current price dip, despite the imminent halving, might seem alarming, but it's not unusual in the volatile world of cryptocurrencies. While it's trading around $64,000, a drop from over $71,000, it's essential to understand the factors at play.
1. Market Corrections: Price fluctuations are common in the crypto market. The recent surge leading up to the halving might have prompted some investors to take profits, causing a temporary dip.
2. Profit-taking: Many traders follow the "buy the rumor, sell the news" strategy. As the halving approaches, some may be cashing out to secure profits, causing a short-term decline.
3. Speculation and Volatility: The crypto market is highly speculative and volatile. Price movements are influenced by a multitude of factors, including investor sentiment, regulatory news, and macroeconomic trends.
4. Technical Factors: Bitcoin's price is also influenced by technical analysis, with traders closely monitoring key support and resistance levels. Temporary dips can occur as part of normal market cycles.
5. Long-term Outlook: Despite the current dip, the long-term outlook for Bitcoin remains bullish, especially with the halving event on the horizon. The reduction in mining rewards underscores Bitcoin's scarcity and can potentially drive up its value over time.
Advice: - Stay Informed: Keep abreast of market developments and news to make informed decisions. - Long-term Perspective: Focus on Bitcoin's fundamentals and its potential for long-term growth rather than short-term fluctuations. - Diversification: Consider diversifying your investment portfolio to manage risk effectively. - Patience: Cryptocurrency markets can be unpredictable. Exercise patience and avoid making impulsive decisions based on short-term price movements.
Remember, while today's dip might be unsettling, it could be just a temporary pause before Bitcoin embarks on its next bull run. 📈
#BTC SOON 🚀🚀🚀 SLOWLY UP 🎯🎯🎯🔥🔥🔥 TO THE MOON 🌎🌎🌎🚀🚀🚀💰💰💰
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CoinEdition
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Crypto Market Plummets After Iran’s Attack on Israel: Bitcoin Dips 8%
Bitcoin fell by nearly 8% following Iran’s missile and drone attack on Israel.
Other cryptocurrencies like Ethereum, Solana, and Binance Coin have also plummeted following the issue.
Friday and Saturday marked the heaviest liquidations in 6 months with $1.5 billion crypto liquidated.
Bitcoin dipped by about 8% following Iran’s unprecedented drone and missile attack on Israel. According to a recent Bloomberg report, Bitcoin’s decline marked the biggest retreat since March 2023.
Iran’s move came in retaliation for a deadly attack in Syria that killed top military officers of Iran. With the recent attack, the prolonged regional war has been taken into another dangerous phase. Reportedly, Iran launched 170 drones, 30+ cruise missiles, and 120+ ballistic missiles into Israel.
Consequently, Bitcoin fell below $62K, marking a steep decline of 7.7%. Not only Bitcoin, but other major cryptocurrencies also were impacted by the Iran-Israel war. While Ethereum experienced a fall of 7%, Binance Coin fell by 9%. Meanwhile, Solana marked a significant plummet of 12% in 24 hours and more than 22% in 7 days.
However, following an X post from an account connected to Iran’s Permanent Mission to the United Nations, that signaled the attack’s end, the cryptocurrencies started recovering. The message read,
The matter can be deemed concluded. However, should the Israeli regime make another mistake, Iran’s response will be considerably more severe. It is a conflict between Iran and the rogue Israeli regime, from which the U.S. MUST STAY AWAY!
The Bloomberg report hinted at further continuation of the crypto selloff. Zaheer Ebtikar, founder of the crypto fund Split Capital, stated that the crypto selloff is “probably contingent on further escalation. He added, “People will really look for what markets will look like on Monday.” The report also stated that Friday and Saturday saw the heaviest liquidations in 6 months, with $1.5 billion crypto liquidated.
At press time, Bitcoin has recovered from its severe fall to $64,003, marking a decline of 5.63% in one day, 7.28% in one week, and 11.75% in one month. The 24-hour trading volume of Bitcoin at $58,000,479,565 has marked a substantial increase of more than 21%.
The post Crypto Market Plummets After Iran’s Attack on Israel: Bitcoin Dips 8% appeared first on Coin Edition.
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Crypto Ahmet
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Bullish
🔥💥Cryptocurrency: 2 #Memecoins That Can Turn $1,000 into $100,000
1.Dogecoin: #Dogecoin (DOGE) has won the hearts of millions of people around the world with its vibrant brand and committed community. Originally born as a joke, Dogecoin has become a major competitor in the cryptocurrency space and has attracted the interest of both individual enthusiasts and institutional investors. With the increasing use of Dogecoin as a trading mode and the support of influential figures, Dogecoin is preparing for a significant expansion in 2024. With its constantly growing user base and momentum in the Sunday, DOGE is emerging as a strong competitor for an impressive 50-fold growth. As the cryptocurrency sector matures and gains wider recognition, there will be an increase in price.
achieving 100-fold growth will require Dogecoin's price to increase to $ 17.19, which will lead to a market capitalization of $ 2.4 trillion, which is almost the same as the current size of the entire cryptocurrency market. At the time of writing, DOGE was trading at $0.1804, up 4.7% on the day. Although this may seem ambitious, the prevailing optimistic view of Dogecoin implies that reaching such milestones is within the realm of possibility.
2.#ShibaInu : Riding the Meme Coin Wave Shiba Inu (SHIB) has risen as a remarkable meme money with significant growth potential. If the price of SHIB had increased 100 times to $ 0.002778, it would have reached a market value of $1.63 trillion. These statistics underscore the remarkable growth opportunities available in meme coins such as Shiba Inu, although they face some limitations in the short term. At the time of writing, SHIB was trading at $0.00002925, up 5% in the last 24 hours.
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CoinEdition
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5 Projects Set to Unlock New Tokens and Their Price Predictions
SUI might extend to $1.94 while the Aroon indicator suggested MANTA’s rise above $3.
DYDX might be forced back to $3.10 as the Supertrend flashed a sell signal.
OP might rise higher in the short term, and AGIX could consolidate.
Next week, several projects are scheduled to unlock a new set of tokens and release them into circulation. Some of the projects in this cohort include Sui (SUI), Manta Network (MANTA), dydx (DYDX), Optimism (OP), and SingularityNET (AGIX).
According to data from Token Unlocks, SUI would unlock $7.12 million worth of the token. MANTA plans to release $5.75 million, while DYDX’s token unlock would be worth $111.33 million. In addition, OP’s unlocks would be worth $86.01 million, and YFI’s unlock was valued at $9.34 million.
Most times, token unlocks are associated with price fluctuations and a change in volatility. Here, Coin Edition looks at the price predictions for the tokens when the event takes place.
SUI
At press time, SUI changed hands at $1.80, representing a 4.40% decrease in the last 24 hours. On the 4-hour chart, the Bollinger Bands (BB) indicated extreme volatility with the token. This implies that the price might fluctuate in either direction.
However, the RSI trended downwards, suggesting that the previous bullish momentum had become weak. In a highly bullish case, the price of SUI might extend toward $1.94. But if bears continue to dictate the momentum, the value might fall to $1.54.
SUI/USD 4-Hour Chart (Source: TradingView) MANTA
The Awesome Oscillator (AO) on the 4-hour chart revealed that bulls were trying to force the momentum upward. If this continues, the price of MANTA might head toward $3.45. However, at $3.45, the token might experience a pushback.
Should this be the case, MANTA might retrace to $2.98. But if bulls can defend the support at $2.74, the value might rally back to $3 as the Aroon indicator favored a bullish trend over a bearish one.
MANTA/USD 4-Hour Chart (Source: TradingView) DYDX
From the 4-hour chart, DYDX has been a victim of intense selling pressure since March 9. As a result of that, the value of the token has lost 8.56% of its value in the last seven days.
But bulls have been able to capitalize on seller exhaustion in an attempt to revive the price action. However, signals from the Supertrend showed that the uptrend might be short-lived. This was because of the sell signal at $3.55.
If the price of DYDX increased, it might hit $3.55. But when the tokens are unlocked, the value could be forced back to $3.10.
DYDX/USD 4-Hour Chart (Source: TradingView) OP
At press time, OP’s price was $3.52. The 4-hour analysis also showed how the MACD was heading in the positive region. Although the reading was negative, the MACD’s trend indicated that the value of OP might rise higher in the short term.
Furthermore, the RSI reading had risen above 50.00, suggesting that buyers were increasing orders. If this continues toward next week, OP might jump to $3.85.
OP/USD 4-Hour Chart (Source: TradingView) AGIX
According to the 4-hour AGIX/USD chart, the On Balance Volume (OBV) had remained flat. The state of the indicator is a sign that buying or selling pressure has stalled with the token. Going into the token unlock week, a situation like this could cause AGIX to trade sideways.
AGIX/USD 4-Hour Chart (Source: TradingView)
As it stands, the value of AGIX might trade between $0.97 and $1.12. In addition, the BB showed that the bands contracted, indicating that a significant jump or decline might not happen.
The post 5 Projects Set to Unlock New Tokens and their Price Predictions appeared first on Coin Edition.
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥#LUNC #LUNA #USTC I NOW WILL BE BIG PUMP AND BIG PROFIT 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
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CryptoMaXia
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Bullish
#LUNC\USDT Is Ready To Go PARABOLIC! +8000% price increases Now.!!!!. keep mind LUNK is stablecoin once movement hit $1 $LUNC start buy and hold be a Crypto #Billionaire Immediately .
Terra Luna Classic community starts voting on proposal to repeal KYC requirement proposal.
The community members and validators are against the proposal, believing that KYC is much needed addition.
LUNC and USTC prices tumble amid readjustments of position by derivatives traders.
Terra Luna Classic community voting on a key proposal to repeal the earlier passed KYC proposal based on claims that KYC requirements for developers have stalled the growth of Terra Luna Classic. Meanwhile, LUNC and USTC prices have taken a hit amid futures selloff and options expiry.
Terra Luna Classic KYC Proposal Repeal
Proposal 12091 “Repeal prop #12033 [KYC prop]” is under voting on the Station wallet. The proposal is a call by some Terra Luna Classic members to repeal 12033 KYC proposal claiming that the KYC requirement hindering growth, especially in the bull market.
“We as concerned community members call to repeal the KYC prop because it stifles the growth of Terra Luna Classic. This proposal was made in haste and voted in haste, without sufficient foresight about the consequences it will have in the future. This is clearly evidenced by the number of follow-up props trying to patch up the deficiencies of the initial KYC prop,” as per the proposal.
The proposal claims LUNC investors have seen the negative effects of KYC outgrow the positives. Also, the LUNC revival and USTC repeg efforts by KYC’d developers may never go ahead. The proposal suggests taking help of experienced developers to push developments on the chain.
#BTTC PUMP TO BE HARD, HODL, HODL, HODL⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡
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Arthur Simfukwe
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Bullish
$BTTC
BTTC Surges by 13.28%: What's Driving the Gain?🚀
As BTTC (Bitcoin Token) gains by an impressive 13.28%, investors are eager to understand the factors fueling this surge. Let's dive into the dynamics behind BTTC's notable gain and what it means for investors holding the token.
I'm actually holding some, and I have seen how it's gaining daily and there's hope in BTTC!
Market Momentum: - BTTC's surge of 13.28% reflects growing interest and demand for the token within the cryptocurrency market. - Positive market sentiment and increasing trading volumes contribute to BTTC's upward momentum.
Technical Analysis: - Technical indicators for BTTC show bullish signals, with price action indicating strong buying pressure and potential for further gains. - Chart patterns and support levels suggest a favorable outlook for BTTC's price trajectory in the near term.
Fundamental Factors: - BTTC's fundamental value lies in its utility as a tokenized version of Bitcoin, offering users access to Bitcoin's liquidity and value within decentralized finance (DeFi) ecosystems. - Adoption of BTTC in various DeFi projects and platforms enhances its utility and attractiveness to investors seeking exposure to Bitcoin's value in the decentralized finance space.
Market Sentiment: - Investor sentiment towards BTTC is positive, with the surge of 13.28% sparking excitement and optimism among holders and traders. - Social media discussions and community engagement reflect growing interest and confidence in BTTC's potential for further price appreciation.
Conclusion: As BTTC surges by 13.28%, investors holding the token may be pleased with the recent gains. With favorable market momentum, bullish technical indicators, and strong fundamental factors, BTTC's rise underscores its appeal within the cryptocurrency market.
#ARB #Robinhood 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥SOON BIG PUMP ⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡⚡
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Cryptopolitan
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Robinhood Teams Up With Arbitrum to Revolutionize Web3 Wallet Swaps
Robinhood, a popular trading platform, has recently collaborated with Arbitrum, a Layer 2 scaling solution for Ethereum, to enhance its Web3 Wallet functionality. This partnership aims to optimize swaps on the Web3 Wallet by leveraging Arbitrum’s technology. This collaboration enables Robinhood Wallet users to access swaps directly on the Arbitrum protocol, enhancing efficiency and reducing costs associated with Layer 1 Ethereum transactions.
The integration of Arbitrum into Robinhood’s Web3 Wallet marks a significant step towards improving the user experience and expanding accessibility to decentralized finance (DeFi) services. Robinhood’s embrace of Layer 2 solutions reflects a commitment to staying at the forefront of innovation in the rapidly evolving crypto landscape.
Robinhood’s epic partnership with Arbitrum set to transform Web3
Robinhood, an online stock and cryptocurrency brokerage service, has partnered with the management team of Arbitrum, an Ethereum-based layer-2 network, to provide wallet users with access to the protocol’s swaps.
According to a press release, the alliance was established on February 29 at the ETHDenver 2024 event in Colorado, with the goal of simplifying the road to layer-2 networks.
According to a news statement, Robinhood Wallet users will be able to transact with Arbitrum, and the two companies will collaborate over the next few months “to support access to cross-chain swaps and other campaigns that lower the barriers to use Web3 on Robinhood Wallet.”
By opening access to Arbitrum’s advanced scaling solutions, Robinhood Wallet users can now take advantage of low transaction costs and fast transaction speeds on one of the most popular networks in the crypto ecosystem.
A statement from Robinhood
Arbitrum swaps had been in beta for “several weeks” before being officially announced today, according to Johann Kerbrat, general manager of Robinhood Crypto. A token swap is the immediate exchange of one token for another, without first converting it to fiat cash.
Arbitrum is an auxiliary layer-2 blockchain, sometimes known as a roll-up, that processes transactions more cheaply and quickly than the main Ethereum blockchain. Arbitrum leads the way in decentralized finance or DeFi, total value locked (TVL) for layer 2s on Ethereum, with around $3.2 billion, according to DefiLlama.
Johann Kerbrat, general manager of Robinhood Crypto, commented on the development:
Ethereum gas fees are an essential part of securing the network, but these same fees can hinder adoption. Layer 2s like Arbitrum, which is currently the leading chain by total-locked value, help solve this problem for our users.
Accessing and transacting on L2s has historically been difficult to non-crypto natives, but Robinhood Wallet now helps strip away the complexities to help onboard those new to web3.
Johann Kerbrat.
Robinhood Wallet, a self-custody crypto wallet, allows users to store and manage assets on a variety of networks, including Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base, while keeping their private keys and full ownership of their currencies.
Arbitrum TVL Soars
Arbitrum works as a secondary layer-2 blockchain, often known as a rollup, processing transactions more effectively than the core Ethereum blockchain.
Ethereum’s transaction speed is roughly 15 transactions per second (TPS), whereas Bitcoin’s TPS is at 7. According to DefiLlama, the total value locked (TVL) is around $3.27 billion. On January 1, its TVL stood at $2.45 billion, an increase of almost $820 million in two months.
Meanwhile, Robinhood just announced that its users prefer spot crypto trading to crypto ETFs, despite the launch of the spot Bitcoin ETF on January 10.
Robinhood Wallet, which launched approximately a year ago, is presently only available on iOS. The Android wallet is currently in beta testing, with a public queue available for registration. Kerbrat believes it will be officially launched in the coming months.
Adding Robinhood Wallet into the Arbitrum ecosystem is an exciting moment for the community. As DeFi continues to lead on Arbitrum, we’ll now see one of the most recognizable trading platforms bring low-cost in-app swaps to a wide audience of traders.
This collaboration pushes web3 democratization forward and is poised to empower users to further explore the potential of web3 in finance.
A.J. Warner, chief strategy officer of Offchain Labs, the developer of the Arbitrum network.
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