đš New on Binance Launchpool: Hamster Kombat (HMSTR) đš
Binance is excited to announce the 58th project on Binance Launchpool â Hamster Kombat (HMSTR), a crypto exchange CEO simulator P2E game built on the Telegram mini-app platform đź. Users will be able to stake their BNB and FDUSD to receive HMSTR airdrops! đ
đïž Key Dates: - Farming period: from September 19, 00:00 (UTC) to September 25, 23:59 (UTC) - Trading launch: September 26 at 12:00 (UTC) with pairs $HMSTR/USDT, $HMSTR/BNB, $HMSTR/FDUSD, and $HMSTR/TRY đ
đ° Rewards: - Total supply: 100 billion HMSTR - Launchpool Token Rewards: 3 billion HMSTR (3% of total supply)
đ Supported pools: - BNB (85% of rewards) - FDUSD (15% of rewards)
More details coming soon! Get ready to farm $HMSTR and take advantage of Super Earn with special APR rewards đ„
Binance will be supporting Firoâs upcoming network upgrade and hard fork starting on September 16, 2024. đ„ This is a major milestone as FIRO will stop all future halvings, accelerating the token supply cap to 21.4 million in the next 5-6 years. After that, the inflation rate will gradually decreaseâhuge for FIROâs long-term tokenomics!
Excited to see how this shapes the future of $FIRO ! đ
$BTC price patterns leading up to the 2024 U.S. elections appear to mirror previous cycles from 2016 and 2020! With 62 days to go, could we see another post-election rally?
đ§âđ»On September 10, Bitcoin spot ETFs saw a total net inflow of $117 million, with Grayscaleâs mini ETF BTC bringing in $41.13 million and Fidelityâs FBTC receiving $63.16 million in a single day.
Meanwhile, Ethereum spot ETFs experienced their first net inflow after five days of outflows, totaling $11.44 million. Fidelityâs FETH accounted for $7.13 million, while BlackRockâs ETHA saw an inflow of $4.31 million.
A significant day for both Bitcoin and Ethereum in the ETF space!
đBNB Chain has revealed the newest victor of its "Meme Heroes" programâSimon's Cat (CAT)! đ This meme project will receive $50,000 in liquidity pool support as part of the initiative aimed at empowering meme tokens. To qualify, projects must either verify their token source code on BscScan or pass a security audit.
Congrats to Simonâs Cat on securing this key support! đ
The U.S. seasonally adjusted core CPI for August saw a 0.3% month-on-month increase, surpassing the expected 0.2%. Meanwhile, the unadjusted year-on-year CPI for August was 2.5%, slightly below the forecast of 2.6% and down from 2.9% in the previous month, marking five consecutive months of decline and the lowest rate since February 2021.
This continued slowdown in headline CPI aligns with expectations, but the higher-than-expected monthly core inflation suggests that the Fed is likely to opt for a 25 basis point rate cut next week, rather than a larger 50 basis point reduction.
đš The Indonesian exchange Indodax was hacked for $20M, with stolen assets now spread across multiple chains! đ± This highlights the need for better security . With Campfire Wallet, transactions are private and untraceable , protecting your assets from hacks like this. Privacy-focused solutions like $FIRO could prevent such attacks by ensuring that sensitive data remains hidden from prying eyes. đ„ #FIRO #CampfireWallet #Privacy #Indodax #Hack
$FIRO offers a unique opportunity with its privacy-focused technology and low market cap. đ As the next bull run approaches, savvy investors could see huge benefits. Donât miss your chance to be part of the privacy revolution in crypto! đ„ #Firo #Investing #Privacy #BullRun
$FIRO is revolutionizing the way we think about privacy in the world of blockchain. With its Lelantus privacy protocol and Elysium Tokenization Layer , $FIRO brings cutting-edge technology to the forefront, enabling confidential and secure transactions while offering private token creation. Key features: đ Unmatched Privacy: Fully confidential transactions ⥠Fast and Secure: Advanced cryptographic protocols đïž Tokenization Power: Create private tokens with ease đ Community-driven: Decentralized governance for a true user-centered experience $FIRO is empowering individuals by putting privacy first in the blockchain space! Join the movement for a more private and secure future.
đ $FIRO is showing some positive momentum, currently priced at $1.10, with a +2.80% increase in the last 24 hours. đWith a healthy 24-hour trading volume of 365,240 $FIRO and technical indicators suggesting an upward trend (MA(7) crossing above MA(1)), this could be a great entry point for new investors. As privacy coins become more relevant in the market, @firoorg unique technology like Lelantus Spark is positioning it as a leader in the space. Donât miss out on the opportunity as $FIRO gains traction! đđ #FIRO #CryptoMarketMoves #PrivacyInBlockchain
1. $FIRO : Currently priced at $1.98 with a rise of 4.58%, Firoâs focus on privacy and its Lelantus Spark technology make it one to watch as privacy becomes increasingly important in the crypto space.
2. Solana ( $SOL ): Trading at $134.40, SOL has raised by 3.86%. This could be a good opportunity to buy before a potential rebound as the market stabilizes, supported by strong fundamentals.
3. Toncoin ( $TON ): Surged 6.84%, now at $5.201. If TON breaks above $5.50, we could see even higher gains.
đĄ In a world where personal data is constantly exploited by corporations, financial privacy is at risk. $FIRO ensuring that your transactions remain your business,no data tracking, no surveillance. $FIRO empowers individuals to regain control over their financial autonomy. #privacy #FIRO #DataProtection
đ„ Strong inflows for $FIRO! Over 110,000 FIRO traded in just 5 days, with a peak of 37,218 FIRO in the last 24 hours! đđč Demand is surging as more people recognize the value of true privacy and decentralization. Stay calm and HODL $FIRO is on the rise! đ #Firo #PrivacyCoin #Privacy #TelegramCEO
đš BREAKING NEWS: Privacy Revolution with $FIRO ! đđ A new wave of secure transactions is here! đWith $FIRO 's cutting-edge Lelantus technology, users can now enjoy full anonymity on the blockchain! đ°đ„ đ„ But that's not all! FIRO is taking privacy to the next level: - đ Enhanced transaction privacy - đ Growing adoption among privacy-focused communities - đž Fueling the future of secure DeFi! đ And the BIG news? $FIRO could see massive growth as demand for privacy coins skyrockets! Get ready for a game-changer in crypto! đđ„ #PrivacyMatters #CryptoRevolution
Monero and Zcash have paved the way for privacy in crypto, but they're not the only options. Projects like $FIRO are also making waves with unique tech like Lelantus, which offers full privacy and anonymity without compromising on usability. As the demand for private transactions grows, itâs great to see more choices for secure, confidential financial freedom.
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Exploring Privacy Coins: Comparison Between Monero and Zcash
Privacy is playing a crucial role in the actual world of cryptocurrencies which was not very popular few years ago. Due to increasing problems with the protection of information, cryptocurrencies such as Monero and Zcash are now trending. These coins emphasis on anonymity in the transaction and the fact that the transactions taking place cannot be tracked, unlike other conventional coins such as the Bitcoins.Â
Monero and Zcash are relatively similar in their objectives, which is the usersâ anonymity, but the extent to which they implement it is quite distinct. This article aim now at comparing the two leading privacy coins at the core and in their distinctive features.Â
Monero: Privacy Preserving by DefaultÂ
It should be noted that Monero (XMR) is on the list of the most secure and anonymous cryptocurrencies. Unlike Bitcoin, all the transactions are transparent and easily traceable whereas Monero utilizes the most complex hashing algorithms to ensure that all transactions are fully anonymous. This privacy is the supplied default setting for every transaction which makes Monero the preferred option for users in need of an anonymous currency.Â
Monero uses a combination of three main privacy technologies: Ring signatures, ring confidential transactions (ringct) and stealth addresses. Similar to Stealth addresses Ring signatures conceal the sender ID and one cannot know that initiated the transaction. In the case of RingCT the amount of the transaction does not appear while stealth addresses is that the address of the recipient will not be disclosed. When the four technologies are combined together, Monero guarantees that nobody will ever be able to follow any of the particulars of a transaction.Â
However, Monero, which pays much attention to anonymity, is also subject to attention from the not so bright side. It has been associated with the use in the dark web for engaging in criminal activities because it allows the hidings of information relating to the transactions. Authorities and financial watchdogs hate this kind of heightened anonymity to a large extent, but Monero still enjoys backing from privacy enthusiasts who have respect for freedom around the world.Â
Zcash: Flexible for Selective TransparencyÂ
Zcash (ZEC) provides a more set a loose on option for the privacy benefit. It is important to point out that the Zcash transactions are not anonymous by default unlike the Monero. However, the users can opt for transparent or shielded transaction. This optional privacy feature makes Zcash capable to attract more users who might need privacy in some transaction but transparency in other.Â
Zcash embraces quite an innovative technology known as zk-SNARKs or Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge. This cryptographic is one that enables you to prove that a certain transaction that was performed is authentic without staking any reference to that transaction, the participants or the amount of that transaction. zk-SNARKs seem to be more private than other SNARKs while at the same time being secure for use on blockchains.Â
Zcashâs transparent and shielded transaction features make it a very flexible formof privacy coin. One will find it appealing to those people who would wish to have their deals more private than those who are comfortable with a more direct and open agreement. Nevertheless, it has an optional private option that has been condemned since privacy should be the norm on any cryptocurrency that âprintedâ itself as a privacy coin.Â
Moreover, certain sceptics note that zk-SNARKs are more resource-demanding than the private features applied by Monero and result in a higher fee and a longer time of operation. Still, Zcash is one of the most widely used privacy coins with a rather large customer base.Â
 Privacy vs. Regulation: A Constant StruggleÂ
This makes both Monero and Zcash to be under pressure from the regulators since they are mostly associated with the aspect of privacy. Governments are concerned that these privacy coins may be employed in illicit business that includes money laundering and tax evasion among others. Therefore, certain exchanges have removed Monero as well as Zcash so that they wonât encounter an issue with regulations later on.Â
Zcash, in contrast to Monero, has always provided an option to create transparent transactions, thus Moneroâs privacy by default has made this cryptocurrency more appealing to regulators. However, both coins are still in the middle of controversies that relate to issues of privacy as well as regulation in the blockchain industry. Privacy coins on the other hand provide participants with financial freedom and anonymity which proves to be an issue to governments who are trying to fight AML and KYC rules.Â
Nonetheless, the threats from the regulators as mentioned earlier have not deterred investors from investing in the privacy coins. There are more users who are concerned with their identity disclosure and who think that privacy coins protect their financial data.Â
 ConclusionÂ
Monero and Zcash are two biggest examples of approaches towards privacy in the sphere of cryptocurrencies now. Another advantage that Monero has is complete anonymity by default, which will help users to use it without any criticism. That is why Zcash is more versatile and has opted-in privacy features that would make more users comfortable.Â
The two coins are not immune to the regulation issues but the concern that they have towards the privacy of the users makes them relevant. Because the trend towards private transactions is gradually gaining more and more popularity in the field of financial transactions, Monero and Zcash will always remain in demand in thecrypto space, providing users with options for safe and anonymous transactions.Â
Penpie hack shows just how crucial strong security measures are in the crypto world. Privacy tools like Tornado Cash might offer anonymity, but they can also become a loophole for illicit activities. This is why I'm grateful for projects like $FIRO that focus on ethical privacy, promoting transparency and accountability while protecting user data.
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Penpie Hacker Launders $36 Million in ETH Through Tornado Cash
Penpie Hacker Transfers Remaining ETH Holdings to Tornado Cash Blockchain security firm PeckShield has reported that the Penpie hacker address has transferred the last remaining 1,660 ETH to Tornado Cash. This brings the total amount laundered through Tornado Cash to 11,160 ETH, worth over $27 million. The Penpie hack was a major security breach that occurred in November 2022. The hacker gained access to the Penpie website and stole over $100 million in cryptocurrency. Law enforcement agencies are investigating the hack, and Tornado Cash has been cooperating with the investigation. However, the hacker has not yet been identified. The use of Tornado Cash to launder stolen cryptocurrency is a growing problem. Tornado Cash is a privacy-focused mixer that allows users to send and receive cryptocurrency anonymously. This makes it difficult for law enforcement agencies to track the flow of stolen funds. The Penpie hack is a reminder of the importance of cybersecurity. Businesses should take steps to protect their websites and cryptocurrency assets from hackers.
Let focus on a real privacy solution: $Firo đ„ . $FIRO offers advanced privacy features through its Lelantus protocol, outclassing competitors like Monero and Zcash. As blockchain adoption grows, $FIRO zero-knowledge proofs provide the ultimate protection for users seeking true anonymity. It's not just a crypto, it's a privacy revolution. Donât miss $FIRO #Privacy #FIRO #CryptoMarketMoves
Great post debunking Bitcoin myths! While Bitcoin offers some level of privacy, itâs important to note that its transactions are still traceable on a public blockchain. For those seeking true anonymity , $FIRO stands out as one of the most innovative privacy coins. With its Lelantus Spark protocol, Firo enables completely private, untraceable transactions ,something Bitcoin doesnât offer. As privacy becomes more important in the crypto space, coins like Firo are leading the way in protecting users' data and financial freedom.
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Debunking Bitcoin Myths: Separating Fact From Fiction in Cryptocurrency
Bitcoin transactions are recorded on a transparent blockchain, offering privacy but not full anonymity.
Bitcoin's value stems from its scarcity, decentralized network, and utility in enabling peer-to-peer transactions.
Despite its volatility, Bitcoin is increasingly viewed as a hedge against inflation and a digital store of value.
Bitcoin, the first decentralized digital currency that was introduced in the year 2009 has been trending. As it became popular, many beliefs have been created about it and people took it as a gospel truth. However, these untruths usually tend to mask BTC real reality. In the following section, we describe five of the most widespread myths concerning this digital currency:
Anonymity
One of the most popular myths is that by buying and selling goods and services through Bitcoin, one can stay beyond the reach of the law. The truth of the matter is that Bitcoin is anonymous, but it is not a hundred percent anonymous.
 Bitcoin transactions are recorded in a data book called the blockchain. Although personal data is not directly connected to these transactions, the reason is that the blockchain is a public database and the data can be analyzed to determine the owners of the transactions.
BTC is Valueless
Furthermore, due to the fact that Bitcoin has no real-world counterpart, such as gold, people are inclined to think that it has no value. Nonetheless, there are several factors that make Bitcoins to have high value: scarcity, the network is decentralized, and it provides utility through P2P transfer of value with no intermediaries.
 Furthermore, the use of Bitcoin is crucial with regard to the technology behind it, which is called the blockchain and is believed to serve a vast number of applications both in the public and private domains.
Bitcoin Criminal Involvement
Many people are convinced that Bitcoin has its connection with the darknet and other criminal activities. Despite the fact that the Bitcoin has been associated with criminal activities, it has been established that only a small percentage of the transaction carried out using the Bitcoin is connected to criminal Nature.Â
This is not entirely correct because majority of the Bitcoin transactions are legal and can involve factors such as investments, and purchase and sale of goods and services. Moreover, it has also been realized how the criminal activities can be tracked on the blockchain by law enforcement agencies.
Bitcoin is Volatile and cannot be Safely Stored
To this effect, the price volatility of Bitcoin has been of great concern when it comes to the use of Bitcoin as a store of value. It should be noted that the price of Bitcoin is rather volatile, though the currency has been showing steady growth in general. Some investors are using Bitcoin to hedge against inflation and others to store value much like they would gold. This can be broadly stated to be due to the fact that the market is relatively new and also the prices are still being discovered in the market.
The post Debunking Bitcoin Myths: Separating Fact from Fiction in Cryptocurrency appeared first on Crypto News Land.