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🚨 Web3 Adoption’s PROBLEM: Seed Phrases Won't Work for Mainstream Users The Chain Agnostic Standards Alliance (CASA), recently shared some blunt truths at the Web3 Summit 2024 in Berlin. "Seed phrases are not going to work for the other 95% of the world," they said, underscoring the need for more user-friendly solutions. The current onboarding process, with its technical jargon and irreversible seed phrases, is just too intimidating for the average user. For Web3 wallets to appeal to a broader audience, the industry must prioritize user-centric features. This means moving away from the complex seed phrases to something more intuitive and familiar, like recoverable passwords or account names. However, achieving this shift requires an unprecedented level of collaboration and standardization among wallet providers and developers. Other crypto industry leaders are also championing the need to simplify the user experience. Chintan Turakhia, senior director of engineering at Coinbase, highlighted this issue at EthCC. He pointed out that to bring in the first billion users, “we have to take all those friction points out.” Coinbase is already leading the charge with its new smart wallet, launched in June. This wallet aims to remove the complexities of seed phrases, replacing them with user-friendly account names and passcodes, making it easier for beginners to get started. Do you think removing seed phrases will accelerate mass adoption or will it just cause more problems due to more vulnerabilities? 👇 Let me know below - @Professor Mende - Bonuz Ecosystem Founder out! #web3 #blockchain #tech #bitcoin #btc
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💰How much money do YOU need to retire and never work in life again ? 1) $100,000 USD 2) $500,000 USD 3) $1,000,000 4) $10,000,000 5) another amount 👇🏼 Drop a comment and let me know! #bitcoin #memecoins #memecoin #btc #crypto $BTC
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🚀 Will Bitcoin SKYROCKET in Q4? Historically, Q4 has been a blockbuster period for Bitcoin, and the stars might be aligning for another epic rally. Bitcoin has had a strong start to 2024, rising over 40% year-to-date. With the successful launch of spot Bitcoin ETFs in the U.S. and the much-anticipated halving event, where mining rewards were slashed by 50%, many believe we’re on the brink of something big. Although Bitcoin hasn’t hit a new all-time high post-halving, past trends suggest Q4 could be the catalyst for explosive growth. Veteran trader Peter Brandt notes that while Bitcoin’s current market cycle is dragging out longer than previous ones, this could either delay the next all-time high or indicate that it might not be in the cards this cycle. Yet, data from CoinGlass paints a more optimistic picture: Bitcoin has posted gains in eight out of the last 11 years during Q4, with average returns of 88%. CryptoQuant CEO Ki Young Ju sees Bitcoin in an accumulation phase, setting the stage for a potential parabolic uptrend in Q4. Historically, Bitcoin's bull runs often start in the last quarter, and with whales in the mix, Q4 2024 might be far from boring. However, Bitcoin faces significant resistance at the 200-day EMA, hovering around $59,423. For Bitcoin to break free from its current consolidation, it needs to push past this barrier, requiring substantial demand-side liquidity. 💡 What’s Next? If Bitcoin can overcome these hurdles, a breakout could be imminent, with analysts eyeing levels above $62,000. But if the bulls falter, we might see a retrace to $57,500 or even as low as $54,500. Are you bullish or bearish about Q4? Let me know below! - @Professor Mende - Bonuz Ecosystem Founder out! #bullorbear #bullrun #bearrun #bullish #bearish $BTC
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🍔 MCDONALD's Memecoin hack - Scammers Make Off with $700K in Solana In a shocking turn of events, scammers hacked McDonald’s official Insta account on August 21, exploiting the fast food giant's platform to shill a fake memecoin based on the iconic Grimace mascot. The hackers managed to rake in over $700,000 in Solana before the scam was uncovered. 🔗 The Grimace Memecoin Scam Using McDonald’s Insta page, which boasts 5.1 million followers, the hackers promoted the fake Grimace token as a “McDonald’s experiment on Solana.” This ruse quickly caught the attention of the crypto community, driving the token’s market cap from just a few thousand dollars to a staggering $25 million within 30 minutes. 🪙 The Pump and Dump The scammers had already secured 75% of the Grimace token's supply using Solana memecoin deployer pump.fun. They then distributed these tokens across 100 different wallets. As the token’s value surged, the hackers began dumping their holdings, causing the token's price to nosedive to $650,000 in just 40 minutes. 💰 The Payout In total, the hackers made off with around $700,000 in Solana from this pump-and-dump scheme. They even edited the bio of McDonald’s insta to boast about their success, writing, “Sorry mah n-gga you have just been rug pulled by India_X_Kr3w thank you for the $700,000 in Solana.” 🛑 Aftermath The posts and bio were eventually restored, and McDonald’s issued a statement acknowledging the hack as an “isolated incident.” The company apologized for any offensive content that was posted during the breach and assured that the issue had been resolved. This incident serves as a stark reminder of the dangers lurking in the world of crypto, where even well-known brands can be hijacked to facilitate scams. Stay alert and stay safe with @Professor Mende - Bonuz Ecosystem Founder ! #scamalert #scam #hack #insta #solana $SOL
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They said it is a new green type of Uber. Can anyone please confirm this?
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