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01 P2P platform LocalMonero will cease operations
P2P bitcoin and Monero (XMR) trading platform LocalMonero (AgoraDesk) has announced that it is winding down operations.
"After nearly seven years of operation, due to a combination of internal and external factors, we have made the difficult decision to close our platform," the team wrote.
On May 14, they will close all existing deals, and the site will cease operations completely on November 7.
➡️ Crypto News | Tech Updates | NFT News | 12 | 0 | Loading... |
02 98% of FTX creditors will receive 118% of their frozen funds
Cryptocurrency exchange FTX has proposed a new restructuring plan that will see 98% of creditors receive 118% of their frozen funds.
The remaining 2% will be compensated for the full amount of their funds and will also receive 9% as a refund
➡️ Crypto News | Tech Updates | NFT News | 29 | 0 | Loading... |
03 Crypto speak: SNAFU
“SNAFU” stands for “situation normal: all f***ed up.”
Participants in the market ironically describe the situation’s regularity and normalcy, which, at first glance, appears to be full of horror and the impending collapse of everything.
For example, a SNAFU can be a failed deal, a major crypto exchange failure, or other scenarios where something went wrong. There is no need to panic because similar incidents have happened frequently in the cryptocurrency sector.
➡️ Crypto News | Tech Updates | NFT News | 37 | 0 | Loading... |
04 LayerZero Labs will collaborate with Chaos Labs and Nansen to identify sybils
The LayerZero omnichain protocol team announced that it will collaborate with Chaos Labs and Nansen to perform sibil detection analysis.
"The total transactions of each user across all LayerZero-based applications will be examined. A report will be published after the sibil self-reporting deadline," LayerZero Labs wrote.
LayerZero Labs co-founder and CEO Brian Pellegrino also added that the project team is not eligible to claim the drop:
"No employee of LayerZero Labs is eligible to claim a drop. Otherwise, he will be fired, which has already been announced internally."
➡️ Crypto News | Tech Updates | NFT News | 66 | 0 | Loading... |
05 🇨🇦 Canada's first Lightning-enabled BTC ATM installed in Vancouver!
Put 🔥 if you are waiting for BTC ATMs in your city
➡️ Crypto News | Tech Updates | NFT News | 63 | 0 | Loading... |
06 Crypto speak: Vaporware 💨
“Vaporware” is a product promised by developers—but never implemented. The term is often used to describe projects promoted at the first stages that have yet to see success.
Using the word vaporware in the context of cryptocurrencies, users note the possible lack of prospects for a coin or project. Investments in such projects are undesirable.
➡️ Crypto News | Tech Updates | NFT News | 68 | 0 | Loading... |
07 🐳 For the last 2 months whales have been actively buying BTC in the price range of 60-70 thousand dollars.
We are talking about wallets that have from 100 to 1000 BTC on their balance.
Popular Twitter analyst Willy Woo emphasizes that these wallets have never made such active purchases before.
➡️ Crypto News | Tech Updates | NFT News | 90 | 0 | Loading... |
08 ⚡️ Cryptan is mining crypto right in the back of his Tesla Cybertruck
How's that sound, Elon Musk? 😅
➡️ Crypto News | Tech Updates | NFT News | 89 | 0 | Loading... |
09 Crypto speak: Bulla/Bera
“Bulla” and “bera” are common misspellings of the words “bull” and “bear” and denote market sentiment.
We don’t know where they came from—like other misspellings—but there has been a corresponding meme for each for a long time.
➡️ Crypto News | Tech Updates | NFT News | 98 | 0 | Loading... |
10 🇺🇸 The U.S. government already owns 216,811 BTC ($13.81 billion) - Arkham analysts found an address with 3,940 BTC ($251 million) that the U.S. confiscated in January.
Most of the BTC on the U.S. balance sheet is derived from the seizures.
➡️ Crypto News | Tech Updates | NFT News | 104 | 1 | Loading... |
11 📊 Outflow from the market over the last week
The total outflow for the week amounted to $251 million. If we look at BTC separately, $284 million went out, while ETH on the contrary had an inflow of $30 million.
April was not very good for the market, let's see what will happen in May 🫡
➡️ Crypto News | Tech Updates | NFT News | 99 | 0 | Loading... |
12 Crypto speak: Pleb/normie
“Pleb” or “normie” is just a person with a low or zero understanding of cryptocurrencies and an average income.
Sometimes, a pleb can be an enlightened crypto investor but a victim of the machinations of wealthier investors.
In other words, a pleb is an ordinary person.
Yes, it sounds insulting😅 But that’s how it is in the crypto space =)
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13 Bitcoin has a 4.7% global adoption rate, the same amount as the Internet was in January 1999
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14 Top 10 blockchain platforms with the largest TVL besides Ethereum
➡️ Crypto News | Tech Updates | NFT News | 104 | 0 | Loading... |
15 Crypto speak: In it for the tech
“In it for the tech” is said when people try to explain that they are engaged in cryptocurrencies not just for speculative purposes but “for the sake of technology.”
Naturally, the phrase is used ironically, mockingly, and sometimes with the opposite message.
However, they say the phrase is often sarcastically used to take a jab at the technology’s limitations. Whatever the case may be, users say it ironically to cheer themselves up when prices crash.
➡️ Crypto News | Tech Updates | NFT News | 114 | 0 | Loading... |
16 LayerZero Labs has found a solution to combat sybils
The LayerZero team will take action against users who:
- have many wallets linked to each other;
- transfer $0.01 between different networks for the sake of the number of transactions;
- sent worthless NFTs between blockchains;
- used Merkly, L2Pass, and other services to reduce transaction costs.
LayerZero Labs invited such users to confess to such actions by May 17. As a reward for "honesty," the team will credit 15% of the ZRO tokens claimed by the airdrop participant.
In case of ignoring the procedure, appropriate action will be taken, the developers said. The list of addresses of multiackers who self-reported will not be published.
➡️ Crypto News | Tech Updates | NFT News | 108 | 0 | Loading... |
17 TON denied the information about the release of Web3-smartphone
Non-profit organization The Open Network Foundation (TON) has not released Web3-smartphone and does not plan to do so in the future. Such a message appeared on the official page of the project in X (formerly Twitter).
TON representatives noted that the team has no plans to release a smartphone yet. They urged users to always do their own research:
"TON Foundation has not released a single Web3 phone. Everything you find on the Internet is a community initiative."
Recall that in early April 2024, developers Oyster Labs announced the release of a device based on The Open Network blockchain. The announcement said that the smartphone opens access to a vast ecosystem with more than 600 decentralized applications (dApps). It is priced at $99.
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18 Crypto speak: Ser
Addressing someone as “ser” is the same as “sir,” but intentionally misspelled. It’s customary in the cryptoverse.
Most likely, the word originated as a way to “pin up” the accent of East Indians and East Asians and their tendency to frequently use this word.
But most users just write “Ser” because it’s funny.
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19 🇫🇷Second largest European bank, BNP Paribas reports exposure to #Bitcoin ETF in 13F filings❗️
It's just getting started 🚀
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20 🇺🇸 US PayPal users can now purchase the following cryptocurrencies through MoonPay:
• Solana
• Cardano
• Polkadot
• Chainlink
• Shiba Inu
• Dogecoin
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21 Crypto speak: Fren
“Fren” is an abbreviation of the word “friend.”
It can be a friend in real life, or it can be any user on the internet with whom you communicate.
Frens are usually portrayed by the ubiquitous Pepe meme. This is a sign that the author wants to emphasize that he is not a stranger to the world of cryptocurrencies and Web3.
It’s a common word in the crypto world.
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22 MicroStrategy to launch decentralized bitcoin-based identity protocol
One of the world's largest hodlers of the first cryptocurrency, MicroStrategy, is developing a bitcoin-based identity solution called Orange, whose key benefits will be:
- moderate service fees;
- high security thanks to blockchain technology;
- minimal energy consumption.
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23 ⚡️ Another Ethereum ICO participant came out of hibernation after 9 years and transferred 1960 ETH ($5.9 million) - the user received the coins in 2015 at a price of $0.31 per 1 ETH.
➡️ Crypto News | Tech Updates | NFT News | 116 | 0 | Loading... |
24 Crypto speak: IYKYK
Yes, it’s a rather complicated abbreviation. “IYKYK” is short for “if you know, you know.” The expression indicates that insiders know something valuable, but it’s used quite widely: either when a person has valuable information about a project or something similar or with irony if a person shares well-known information.
Example:
We see the tweet, “A new updated WhiteList for DeFi project XYZ has been released. IYKYK.”
This means that people who know what a WhiteList is in DeFi and what the XYZ project is will understand the importance of this news. However, those unfamiliar with these terms or the project will probably not understand what this is about.
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25 ⚡️LayerZero took the first snapshot and will soon announce more information - the $3 billion project may soon hold the long-awaited AirDrop.
➡️ Crypto News | Tech Updates | NFT News | 131 | 0 | Loading... |
26 🤩 Mode will launch its token on May 7
The team posted an article in which they outlined the entire tokenomics. Only 35% of the saplay has been allocated for drops, yes there will be more than one.
🪂 For the first drop they allocated 5.5% for developers and network users. For the second drop allocated 5%, the rest is for future giveaways.
Projects are jumping on the last wagon before summer 🫠
➡️ Crypto News | Tech Updates | NFT News | 121 | 0 | Loading... |
27 Crypto speak: Can devs do something?
“Can devs do something?” is an ironic reaction to a price crash. Presumably, at first, the question arose without ironic overtones — perhaps an inexperienced investor really believed that the developers could somehow influence the coin’s price.
But these days, the question has become a meme.
Example: “Can devs do something about these prices?”
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28 Bitcoin developer disrupted Bitcoin test network
Casa platform co-founder and Chief Security Officer Jameson Lopp has launched a disruptive attack (https://incrypted.com/ataka-na-testovuyu-set-bitkoina-vyzvala-diskussiyu-v-soobshestve/) on the bitcoin test network. The developer created more than 165,000 blocks with his actions in just a week. Under normal circumstances, this would have taken 3 years.
Lopp committed the so-called "grifer attack". It involves creating a huge number of transactions, increasing the network's workload and interrupting other operations.
Due to the overload, bitcoin developers were forced to stop work on some applications.
In turn, Lopp said that the main purpose of the attack was to demonstrate the most vulnerable areas of the blockchain and eliminate them, rather than an attempt to disable the network.
"Stress test" cost the developer $1 in electricity costs.
In the video, the developers showed a failed attempt to synchronize a test node, which fails due to the "creation of thousands of new blocks per hour."
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29 MicroStrategy acquired 122 BTC for $7.8M
MicroStrategy has released its Q1 2024 financial results. In April, the firm additionally acquired 122 BTC for $7.8M.
In the first three months of the year, the company added 25,200 BTC to its portfolio, which were acquired at a price of $65,232.
As of April 26, MicroStrategy has 214,400 BTC worth $7.54 billion on its balance sheet, with an average purchase price of $35,180.
➡️ Crypto News | Tech Updates | NFT News | 123 | 0 | Loading... |
30 Crypto speak: Funds are safu
“Funds are safu” is a popular crypto meme symbolizing the safety of funds in any project. The expression supposedly originated thanks to the Binance Secure Asset Fund for Users (SAFU), which insures traders.
In the midst of a crypto crisis, if you hold reliable assets, you can safely write “funds are safu!”
And it’s also a playful reference to the Asian pronunciation of the word safe.
➡️ Crypto News | Tech Updates | NFT News | 121 | 0 | Loading... |
31 ⚔️ USDC surpassed USDT in April by number of transactions
In April, 166.6 million transactions were made with USDC.
USDT has 163.6 million.
It is noteworthy that USDC is significantly behind USDT in terms of the number of users: 9.57 million unique wallets against 34.2 million.
➡️ Crypto News | Tech Updates | NFT News | 146 | 0 | Loading... |
32 ⚡️⚡️⚡️⚡️⚡️⚡️
CZ, the founder of Binance has been sentenced to 4 months in prison.
⚫CZ's lawyers were asking for house arrest or probation period
⚫DOJ attorneys were asking for 3 years
⚫US Probation Department was recommending 5 months
➡️ Crypto News | Tech Updates | NFT News | 160 | 1 | Loading... |
33 Crypto speak: Down bad
Someone who says they’re “down bad” means they’ve lost a significant amount because of market volatility.
However, being down bad is not as bad as getting rekt.
➡️ Crypto News | Tech Updates | NFT News | 164 | 0 | Loading... |
34 Buterin calls Proof-of-Work algorithm a "temporary phase" for Ethereum
Ethereum co-founder Vitalik Buterin responded to user comments about the project's transition to the Proof-of-Stake (PoS) algorithm.
He stated that the Proof-of-Work (PoW) consensus algorithm was only a temporary step on Ethereum's development path. In this regard, Buterin said that the transition to PoS is a logical and quite reasonable decision.
"PoW is quite centralized. It just wasn't talked about so much because everyone knew that Proof-of-Work was a temporary stage before PoS," he noted.
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35 Australian stock exchange to authorize bitcoin-ETF trading by the end of the year
Australia's largest stock exchange ASX plans to approve and launch spot bitcoin-ETF trading on its platform by the end of 2024, Bloomberg reports.
According to journalists, several issuers including VanEck and local companies BetaShares and DigitalX have already applied.
➡️ Crypto News | Tech Updates | NFT News | 147 | 1 | Loading... |
36 Crypto speak: Bull trap
A “bull trap” is a market analysis term that refers to a cryptocurrency’s price action that feigns an impending long-term upward (bullish) trend when, in reality, it’s secretly a short-term correction with more downward pressure.
In other words, if you see a crypto’s price pumping and immediately rush to buy it, congratulations, there’s a strong chance you’re entering a bull trap, and your coin is about to get cheaper 🙃
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37 How the value of a house in the US in USD and in BTC has changed since 2016.
We can notice that in 2016 a house cost 664 BTC and now it is 6.6 BTC, while in 2016 a house cost $288,400 and in 2024 $434,700.
The purchasing power of the dollar has dropped 25% since January 1, 2020.
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38 Michael Saylor's MicroStrategy currently has a $6.2 billion unrealized profit on its Bitcoin investment.
➡️ Crypto News | Tech Updates | NFT News | 153 | 0 | Loading... |
39 Crypto speak: Flipping
The term “flipping” is buying assets at low prices and selling them quickly for a profit.
Flipping has been very popular in the NFT space, where people buy tokens in the early stages of a project and sell them as soon as they see a favorable price increase.
This investor behavior, by the way, was one of the critical factors in the decline of the NFT market over the last year; most users saw NFTs solely as a tool for quick earnings, not as an investment in art.
➡️ Crypto News | Tech Updates | NFT News | 149 | 1 | Loading... |
Photo unavailable
P2P platform LocalMonero will cease operations
P2P bitcoin and Monero (XMR) trading platform LocalMonero (AgoraDesk) has announced that it is winding down operations.
"After nearly seven years of operation, due to a combination of internal and external factors, we have made the difficult decision to close our platform," the team wrote.On May 14, they will close all existing deals, and the site will cease operations completely on November 7. ➡️ Crypto News | Tech Updates | NFT News
1200
Photo unavailable
98% of FTX creditors will receive 118% of their frozen funds
Cryptocurrency exchange FTX has proposed a new restructuring plan that will see 98% of creditors receive 118% of their frozen funds.
The remaining 2% will be compensated for the full amount of their funds and will also receive 9% as a refund
➡️ Crypto News | Tech Updates | NFT News
2900
Photo unavailable
Crypto speak: SNAFU
“SNAFU” stands for “situation normal: all f***ed up.”
Participants in the market ironically describe the situation’s regularity and normalcy, which, at first glance, appears to be full of horror and the impending collapse of everything.
For example, a SNAFU can be a failed deal, a major crypto exchange failure, or other scenarios where something went wrong. There is no need to panic because similar incidents have happened frequently in the cryptocurrency sector.
➡️ Crypto News | Tech Updates | NFT News
3700
Photo unavailable
LayerZero Labs will collaborate with Chaos Labs and Nansen to identify sybils
The LayerZero omnichain protocol team announced that it will collaborate with Chaos Labs and Nansen to perform sibil detection analysis.
"The total transactions of each user across all LayerZero-based applications will be examined. A report will be published after the sibil self-reporting deadline," LayerZero Labs wrote.
LayerZero Labs co-founder and CEO Brian Pellegrino also added that the project team is not eligible to claim the drop:
"No employee of LayerZero Labs is eligible to claim a drop. Otherwise, he will be fired, which has already been announced internally."
➡️ Crypto News | Tech Updates | NFT News
6600
01:31
Video unavailable
🇨🇦 Canada's first Lightning-enabled BTC ATM installed in Vancouver!
Put 🔥 if you are waiting for BTC ATMs in your city
➡️ Crypto News | Tech Updates | NFT News
6300
Photo unavailable
Crypto speak: Vaporware 💨
“Vaporware” is a product promised by developers—but never implemented. The term is often used to describe projects promoted at the first stages that have yet to see success.
Using the word vaporware in the context of cryptocurrencies, users note the possible lack of prospects for a coin or project. Investments in such projects are undesirable.
➡️ Crypto News | Tech Updates | NFT News
6800
Photo unavailable
🐳 For the last 2 months whales have been actively buying BTC in the price range of 60-70 thousand dollars.
We are talking about wallets that have from 100 to 1000 BTC on their balance.
Popular Twitter analyst Willy Woo emphasizes that these wallets have never made such active purchases before.
➡️ Crypto News | Tech Updates | NFT News
9000
00:13
Video unavailable
⚡️ Cryptan is mining crypto right in the back of his Tesla Cybertruck
How's that sound, Elon Musk? 😅
➡️ Crypto News | Tech Updates | NFT News
8900
Photo unavailable
Crypto speak: Bulla/Bera
“Bulla” and “bera” are common misspellings of the words “bull” and “bear” and denote market sentiment.
We don’t know where they came from—like other misspellings—but there has been a corresponding meme for each for a long time.
➡️ Crypto News | Tech Updates | NFT News
9800
Photo unavailable
🇺🇸 The U.S. government already owns 216,811 BTC ($13.81 billion) - Arkham analysts found an address with 3,940 BTC ($251 million) that the U.S. confiscated in January.
Most of the BTC on the U.S. balance sheet is derived from the seizures.
➡️ Crypto News | Tech Updates | NFT News
10410