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Twitter CEO Elon Musk Suggests Granting Amnesty to Suspended Accounts

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Twitter’s CEO Elon Musk has made a new poll on Twitter, asking users if amnesty should be granted to suspended accounts that have not in any way broken the law.

The Tweet reads, “Should Twitter offer a general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam?”

As of the time of writing this publication, 72% of users voted yes, while 28% voted no.

This new poll comes the same week after Musk had earlier launched a controversial poll on the platform, asking users if former U.S President Donald Trump should be reinstated back on the bird app.

Surprisingly, on the final results of the poll, 52% voted yes, while 48% voted no, which Musk did not hesitate to reinstate back the account of the former U.S. president. “The People have spoken, Trump will be reinstated”, he tweeted.

Trump had earlier stated that he won’t return to Twitter even if his account was reinstated, as he prefers his platform, Truth Social.

“I am staying on Truth. I like it better, I like the way it works, I like Elon, but I’m staying on Truth,” he said.

Trump’s reinstatement was followed by widespread criticisms, while many conservatives lauded Musk’s decision, several other folks kicked against it arguing that the former president’s Twitter presence poses a threat to democracy.

Recall that Trump was banned from the platform following the chaos carried out by his supporters in the U.S. Capitol on Jan 6, 2021.

After a close review of Tweets from Trump’s account and the context around them, and how they were received and interpreted on and off Twitter, this spurred Twitter to permanently suspend his account due to the risk of further incitement of violence. 

Following Musk’s acquisition of Twitter, he has also reinstated the accounts of other public figures who were suspended after posting controversial speeches on the platform.

Personalities such as Kanye West, who tweeted anti-semitic tweets directed at the Jewish people, Canadian psychologist Jordan Peterson who was suspended after misgendering a transgender actor, Andrew Tate, who tweeted that women who have been sexually assaulted bear some responsibility, and Rep. Marjorie Taylor Greene (R-GA), who was suspended for violating Twitter’s Covid-19 misinformation policy.

The reinstatement of these accounts is not surprising, as Musk before his takeover disclosed his support for free speech. However, weeks after, Musk backtracked on his free speech statements, stating that he wanted to unlock Twitter’s “tremendous potential” to advance free speech.

He tweeted “Twitter cannot become a free-for-all hellscape, where anything can be said with no consequences!”

Musk who has called himself a “free speech absolutist”, resorted to firing the company engineers who publicly criticized him.

50% Black Friday for Tekedia Institute Alumni

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Tekedia Institute alumni (Tekedia Mini-MBA, Tekedia Practice, Tekedia Startup Masterclass, Tekedia Industries, etc), you always have a 50% discount in all returning programs. Today, we’re just reminding you about that deal. Go to all programs, and pay 50% as usual. All programs are here 

Tokens to Fight the Bear Market: Orbeon Protocol (ORBN), Chiliz (CHZ), and Quant (QNT)

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The cryptocurrency market is heating up, and there are plenty of opportunities to make money if you get in early. These three cryptocurrencies that are worth watching right now: Orbeon Protocol (ORBN), Chiliz (CHZ), and Quant (QNT). Let’s take a closer look at each one, starting with Orbeon Protocol (ORBN) in phase 2 of the public presale. The price of this cryptocurrency has already risen 100%.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) is a launchpad that offers blockchain-based crowdfunding, providing users with a unique funding experience. Instead of purchasing shares from a venture capital firm, investors purchase equity-based NFTs that represent a share in the project.

The project seeks to provide an efficient and secure way for developers to raise funds and build their innovative projects and a community. For investors, Orbeon Protocol (ORBN) offers a high-yield return with the potential for significant appreciation in value.

Middlemen are now obsolete, and the platform is powered by a modular smart contract framework that allows for fast and secure transactions. These smart contracts have sophisticated mechanisms in place to prevent fraud and ensure that investors’ money is safe.

And the fuel for the platform? ORBN tokens. These are utility tokens that are used to access and interact with the Orbeon Protocol (ORBN). Holders benefit from reduced trading fees, passive income staking, first access to the best investment opportunities, and more.

The current price per ORBN is $0.0144, which means a total market cap of just $12m. With a strong solution, an in-demand token, and a growing community, buying ORBN during phase 2 of the public presale may prove to be a smart move for investors.

Chiliz (CHZ)

Chiliz (CHZ) is a leading cryptocurrency used to power fan engagement and reward networks. It is the official currency of leading sports organizations such as Juventus, Paris Saint-Germain, and AC Milan, and has recently signed partnerships with UFC, WWE, and others.

Chiliz (CHZ) offers fans a way to engage with their favorite teams through digital collectibles, experiences, rewards, and voting. It also serves as a bridge for traditional sports to move onto the blockchain, allowing teams and organizations to monetize their fan engagement and build powerful fan communities.

With the FIFA World Cup kicking off this week, Chiliz (CHZ) should see even more growth as the wider public becomes aware of the project. Chiliz (CHZ) isn’t a new token by any means, but the recent partnerships and events make it an incredibly attractive investment opportunity.

Quant (QNT)

Quant (QNT) is an open-source, distributed ledger technology platform designed to facilitate the secure transfer of data between parties. It uses a unique consensus algorithm called Overledger, which allows multiple blockchains to interact with each other in a secure and efficient manner.

Quant (QNT) enables developers to create applications that span across networks, creating an ecosystem of interconnected blockchains. This makes it easier for businesses to build and deploy applications on the blockchain, allowing them to improve transparency, immutability, and cost-effectiveness.

Quant (QNT) was launched in 2018, so this isn’t a brand-new project. However, it has gained a lot of traction during 2022, especially with the news that Oracle would be using the technology to power the official Oracle Blockchain Platform.

 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

Telegram: https://t.me/OrbeonProtocol

Helium (HNT) and Chain (XCN) dip into lows as Snowfall Protocol (SNW) continues its growth trend!

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Most people interested in crypto want to invest in tokens and earn good returns, as the industry offers better returns than conventional investment avenues. Since the mainstream investment systems have failed to give fair returns and the rising economic slowdown, investors want to pick good options in the blockchains to build a strong and safe income stream.

Blockchain and the new decentralized financial systems that are possible because of it are helping people reimagine all financial work. Decentralized finance, or DeFi as it is popular now, envisions an open and worldwide financial system built for digital assets. It is ideologically provided as a substitute for a conventional system that’s inflexible, biased, and held together by outdated systems and procedures.

However, like any fair market, there are always losers and gainers that rise and fall according to market demand. The top performers lead on the basis of the utility they offer to their investors and users. In these, the Snowfall Protocol (SNW) is among the top rising cryptos right now, pushing out Helium (HNT) and Chain (XCN) in terms of capital growth.

Helium (HNT)

Helium (HNT) was started to offer utilities specific to the internet of things (IoT-) and was therefore popular with users working on the internet of things.  While Helium (HNT) also addresses issues in its exclusive niche as much as possible, the coin faces multiple challenges that make things turbulent.

The primary issue is that Helium (HNT) has a very high gas fee, and its transaction costs are also very high. This is a significant reason why it constantly fluctuates in and out of the gainers’ lists. Helium (HNT) has also been recently impacted indirectly by the FTX security breach, and its prices have been wobbling since

Chain (XCN)

Chain (XCN) is a blockchain that is supported by famous investment capital firms like Khosla Ventures (KV), Pantera Capital (PC), Capital One, and Nasdaq. Chain (XCN) uses crypto technology to push its visions of a more creative and linked economy.  However, such sponsored chains are usually seen with skepticism as they push the centralized finance versions of transaction processing and are received with caution by genuine crypto users.

Snowfall Protocol (SNW)

The Snowfall Protocol (SNW) is virtually the opposite of the Helium (HNT) and Chain (XCN) tokens. The platform addresses the obstructive practices of most blockchains and decentralized platforms and enables cross-chain and multi-chain user needs.

Snowfall Protocol (SNW) accomplishes this by presenting options for users that make it simple to transmit their crypto assets over multiple chains. Snowfall Protocol (SNW) makes it stress-free for crypto users to perform cross-chain processes and implement a multi-chain investment portfolio to earn better returns than single-chain portfolios.

Snowfall Protocol (SNW) offers users a simple software platform, making cryptocurrencies available to a more significant number of users. Snowfall Protocol (SNW) aspires to grow in the cryptocurrency market by giving it is trading users an efficient decentralized finance solution.

The Bottom-Line

As investors, we must assess the most promising cryptocurrencies and exchanges to ensure we do not miss attractive opportunities. As market analysts, investors’ interests are undoubtedly compatible with investing in the Snowfall Protocol (SNW) pushing out Helium (HNT) and Chain (XCN).

 

Click the links below to Learn more now!

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

Ponzishorter Mass Shorting CRV-Token Pose High Liquidation Risk on Aave Users

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The FTX and Alameda Research Implosion has the potential to impact Crypto Industry for years to come. Today, new information brings confusion, speculation and the potential for another bankruptcy. CRV, war was played out on Aave yesterday and ended with the longer defeating the shorter.

Ponzishorter.eth shorted $CRV by borrowing and dumping $CRV; $CRV guardians bought $CRV, soaring the price to $0.72, and liquidating all collateral of ponzishorter.eth, he began to borrow a small amount of $CRV and sell from November 14, causing the price to slowly drop from $0.625 to $0.464, a drop of 26%. If he shorts $CRV through the perpetual contract on CEX, he will make a great profit.

Ponzishorter.eth’s shorting of $CRV also makes many people who use $CRV as collateral face liquidation. Among them is the Curve.fi founder, whose health rate on Aave has dropped to 1.5 (currently 1.62). Ponzishorter.eth increased the scale of borrowing and selling on $CRV. The Curve.fi founder saw this and increased the collateral on the position, ponzishorter.eth attempt liquidating Curve.fi founder’s $CRV on Aave by shorting $CRV.

Aave Finance, tweeted about the liquidation of Assets on its protocol.

The Aave ecosystem, was built with a number of mechanisms that the Aave community can deploy to cover events like this, including the Safety Module, the Ecosystem Reserve and the DAO Treasury.

Let’s say you deposit $100 USDC into Aave lending marketplace, and then you borrow 85$ of CRV (let’s say 1$ per CRV). If CRV starts going up in price and you don’t return the CRV, then aave will use your $100 USDC to buy back the CRV you borrowed. But if on-chain liquidity is too thin, if price goes up quickly, then that $100 USDC might not be enough to buy back 85 CRV tokens, which leads to a bad debt.

On-chain lending devised by open source smart contracts isn’t as full proof as they want us to believe and there is still incentive for 3rd party interference we saw that with Solana earlier this year. DeFi was supposed to be about over-collateralization, trustless, permissionless, and neutral position brokering by code and contracts but it’s actually Dev teams and hyper-inflationary farm tokens instead.

From what I understand, the debt that Aave needs to cover came from slippage when ponzishorter’s collateral was sold for CRV. So perhaps some kind of weighted collateral requirement based on available liquidity?

Algorithmically factor the aggregated liquidation price at all times and then the % difference of the current price prior to selling. This % difference is the slippage and is already imposed in the liquidation penalty, but maybe it wasn’t enough?

Basically, get the notional size of bids in the orderbook, and get a weighted liquidation price from that. If the amount borrowed on AAVE is greater than 5% of the depth of bids, then prevent borrowing or some other deterrent (high APR, liq threshold lowering for new borrows, etc.)

Curve Stable ELI5

OxAlunara, stated that; the Old fashioned CDPs have a liquidation price. If your collateral goes below price then boom. LLAMMA is a loan that constantly rebalances your collateral, such that if your collateral price dips, your collateral gets swapped for what you borrowed.

So, instead of a big bang boom you’re dead, your collateral slowly gets ‘liquidated’ continuously so that as your loan nears ‘liquidation price’, your collateral is also enough to cover your debt. Math glasses guy says people will lose less this way.

Now this is a personal guess, but if you take a loan at $1000 ETH price and ETH wicks from $1000 to $30 back to $1000 you probably won’t be liquidated. Cannot confirm this, just my own speculation. I guess it’s kinda like Uniswap v3 ranges, except you don’t buy more of the loser.