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Tomorrow at 3:00 PM UTC, mark your calendars for a special Spaces with Sei Labs Co-founder @Jayendra_jog! Covering latest v2 updates, recent progress, and insights directly from the team building the tech—this is one not to be missed. Set your reminders: https://t.co/wC5Tm0vgtE
BLOCKCHAIN AND MODULAR BLOCKCHAIN FOR CRYPTO DUMMIES A blockchain is a system that stores and transfers data in a secure and transparent way. It is like a chain of blocks, where each block contains some information, such as transactions or contracts. The blocks are linked together by a special code called a hash, which makes sure that the data is not tampered with or changed. Anyone can join the blockchain network and see the data, but they cannot modify it without the consent of others.
A modular blockchain is a type of blockchain that splits the tasks into different layers or components. Instead of doing everything by itself, a modular blockchain can use other blockchains to perform some functions, such as storing data, verifying transactions, or executing smart contracts. This way, a modular blockchain can be more efficient, scalable, and flexible than a regular blockchain.
For example, imagine you want to build a house. A regular blockchain would be like a builder who does everything by himself, from laying the foundation, to installing the plumbing, to painting the walls. A modular blockchain would be like a team of builders who specialize in different tasks, such as carpenters, plumbers, electricians, and painters. They can work together to build the house faster and better, and they can also change or replace some parts if needed.
A modular blockchain can also offer more choices and customization for the users. For example, you can choose which blockchain to use for storing your data, depending on your needs and preferences. You can also switch to another blockchain if you are not satisfied with the current one, without losing your data or disrupting your service. Some examples of modular blockchains are Celestia and rollups. Celestia is a blockchain that focuses on providing data availability, which means it can store large amounts of data securely and efficiently. Rollups are blockchains that run on top of Celestia, and they can handle transactions and smart contracts.
BREAKING NEWS: The Securities and Exchange Commission announced Wednesday it greenlit the first spot bitcoin exchange-traded funds (ETF) in the U.S., a historic move for investors looking for exposure to the world’s largest digital asset. https://go.forbes.com/c/3U2Q
BREAKING NEWS‼‼‼‼ Sam Bankman Fried has been convicted and declared of committing one of the biggest fraud crypto heist in history by prosecutors this day November 3 2023. He was accused and convicted of stealing billions of dollars from the collapsed FTX Exchange customers funds. This conviction Mark's the close of one of the biggest bear market and close of the crypto market winter trigger since the bear run. is this a good news or bad news for cryptospace?? we will see how crypto market test when the shock of this new hits crypto space members. #SFM #BTC #Onyx #sol source @wallstreetjournal WhatsApp channel
Here are some more crypto scams that have been reported across Discord, Telegram, and other platforms: Fake giveaways: Scammers create fake accounts or channels that impersonate legitimate crypto projects or influencers, and announce fake giveaways or airdrops. They ask users to send a small amount of crypto to a specified address, claiming that they will receive a larger amount in return. However, once the users send their crypto, they receive nothing back and the scammers disappear.Malware downloads: Scammers send malicious links or files to users, claiming that they are useful tools or software related to crypto. For example, they may claim that the link is a wallet app, a mining software, or a trading bot. However, once the users click on the link or download the file, they infect their devices with malware that can steal their private keys, passwords, or other sensitive information.- **Fake support**: Scammers pose as customer support agents of reputable crypto platforms or exchanges, and contact users who are seeking help or have issues with their accounts. They ask users to provide their login credentials, private keys, or recovery phrases, claiming that they need them to verify or fix their accounts. However, once the users provide their information, the scammers can access their accounts and drain their funds.- **Fake ICOs**: Scammers create fake websites or social media pages that promote a new cryptocurrency or token sale, often using fake testimonials, endorsements, or whitepapers. They ask users to invest in their project by sending crypto to a specified address, promising high returns or bonuses. However, once the users send their crypto, the scammers disappear with the funds and the project never materializes. - **Rug pulls**: Scammers create a new cryptocurrency or token project, often on decentralized platforms like Uniswap or PancakeSwap. They hype up their project and attract investors by offering low prices and high liquidity. However, once the project gains enough traction and value, the scammers sell all their tokens at once #xrp #etf $XRP
⚡⚠️ HERE ARE FIVE TIPS ON HOW TO CAPITALIZE ON THIS BULLISH MOMENTUM And MAKE MONEY OUT OF XRP SEC VICTORY: Buy XRP on Binance: Binance is the world's largest and most trusted crypto exchange, offering a variety of trading pairs, low fees, high liquidity, and advanced features. You can buy XRP with fiat currencies, stablecoins, or other cryptocurrencies on Binance. You can also use Binance's peer-to-peer (P2P) platform to buy XRP directly from other users with local payment methods. - Trade XRP futures and options on Binance: If you want to leverage your position and amplify your profits, you can trade XRP futures and options contracts on Binance. Futures allow you to speculate on the price movement of XRP without owning the underlying asset, while options give you the right to buy or sell XRP at a predetermined price and time. You can choose from various contract types, durations, and leverage levels to suit your risk appetite and trading strategy. - Stake XRP on Binance: If you prefer a passive income stream, you can stake your XRP on Binance and earn rewards. Staking is the process of locking up your crypto assets in a smart contract or a wallet to support the network's security and operations. By staking XRP, you can earn interest on your holdings and also participate in governance decisions. Binance offers flexible and locked staking options, as well as DeFi staking products that let you access the best yield opportunities in the market. - Lend XRP on Binance: Another way to earn passive income from your XRP is to lend it on Binance. Lending is the process of loaning your crypto assets to other users or platforms in exchange for interest. By lending XRP, you can generate a steady cash flow and also help other traders who need liquidity. Binance offers various lending products, such as fixed deposits, flexible deposits, and BNB vaults, that cater to different needs and preferences. - Convert XRP to other crypto assets on Binance: If you want to diversify your portfolio. . Remember to #Dyor HAPPY trading! #etf #xrp #Shibainu #SEC #Binance
BINANCE RESUMES EURO TRANSACTIONS WITH NEW FIAT PARTNERS
Binance, the world's largest cryptocurrency exchange by trading volume, has announced that it has restored euro transactions on its platform, after signing agreements with new fiat partners. The move comes a month after Binance's previous euro banking partner, Paysafe, stopped working with the exchange due to regulatory concerns.
According to a blog post¹ by Binance, the new fiat partners are regulated and authorized to provide various fiat services to the exchange's users. These services include deposits and withdrawals in euros via Open Banking and SEPA/SEPA Instant, crypto trades with bank cards and fiat balances, and buying and selling crypto with SEPA/SEPA Instant. SEPA, or Single Euro Payments Area, is a payment system that covers 36 countries in the European Union.
Binance stated that the new partnerships aim to simplify the crypto transaction process for new entrants in the digital assets market, as well as to enhance the user experience and security. The exchange also said that users have already started being migrated to the new services, and that it will continue to update its fiat channels in the future.
Binance has been facing regulatory challenges and high-profile executive exits in Europe, as well as other regions, in recent months. The exchange has been trying to comply with local laws and regulations, as well as to improve its customer service and transparency. The open-sourcing of its layer-2 network Base is another example of Binance's efforts to support innovation and collaboration in the crypto space. #Binance #crypto2023 #etf #xrp #bnbgreenfield $$XRP $BTC $USDC
**Coinbase Opens Up Base: How the Exchange's Layer-2 Network is Powering the Onchain Future** Coinbase, the world's leading crypto exchange, has made a bold move by open-sourcing the code for its layer-2 network Base, which enables fast, cheap and scalable transactions for decentralized applications (DApps) and protocols. The exchange hopes to increase the transparency and accountability of the network, as well as foster collaboration and innovation among developers in the crypto space. Base is a layer-2 network that uses optimistic rollups, a technique that bundles multiple transactions into a single proof that is periodically submitted to the Ethereum mainnet. This reduces the congestion and fees on the base layer, while preserving the security and decentralization of Ethereum. Base also supports arbitrary smart contracts, allowing developers to build complex and expressive DApps on top of the network.In an official blog post, Base announced that it has open-sourced its code repositories and smart contracts on GitHub, giving full access to the network's codebase to the public. The blog post states:> One of Base’s core values is building in the open. We believe this is foundational to building an onchain ecosystem, creating accountability, and enabling collaboration. In this spirit, we’ve open sourced our smart contract and GitHub repos. Open source is a win-win for our onchain future. Builders get access to a trove of knowledge, improve on what’s already been done, and in turn inspire others in the space.The open-sourced code includes the smart contracts and scripts responsible for deposits and withdrawals on Base, as well as the web properties such as base.org, docs.base.org, etc. Coinbase also invites security-minded developers to audit the code and report any vulnerabilities or bugs they find. The exchange offers a bounty program that rewards up to $1 million for critical issues that could compromise the network's integrity or user funds. #xrp #etf #geminiearn #ftx @binance #crypto2023
Here is a very big reason not to miss out on opportunities right form your binance app. Binance officially launched their official handle here on binance feeds #Binance Square just got better.
Follow @Binance to keep updated on promotions,announcements,giveaways and crypto signal from your binance trading apps.
with x monetization and constant ban of account @CZ has bridged the gap with binance to ensure a #Noshadowing on #Binancesquare #BTC #ETH #newinnovations. we love binance. #BNB #Binance