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What are sniper bots, and how to stop token sniping exploits?
Sniper bots are automated software programmed for specific actions at predetermined times to find applications in online auctions, sales and crypto trading, ensuring precise market transactions.
In the context of online activities, an automated software or script programmed to carry out particular acts at predetermined times is called a sniper bot. A sniper bot is frequently used in the world of online sales and auctions to make purchases or submit bids in the closing seconds of a sale or auction with the goal of outbidding rivals. These bots are designed to operate in a split second before an auction ends to secure an item before others can react.
In the context of cryptocurrency trading, a sniper bot is an automated instrument that is developed to make transactions quickly in response to predetermined market conditions. The key features of sniper bots in the cryptocurrency sphere include precision in trade execution, which is determined by predetermined parameters to ensure favourable market entrance and exit positions.
They operate automatic traders and use pre-programmed algorithms to function, which could incorporate technical indicators, arbitrage methods, scalping tactics and precise entry and exit points. Their main objective is to profit from market swings by making quick decisions to purchase low and sell high, or vice versa. Read More
Paradigm Says Blast Launch 'Crossed Lines' in Messaging and Execution, Pacman Defends Platform Amid Criticism
Amid the rapidly evolving landscape of Ethereum layer two (L2) solutions, Blast, a new entrant, has sparked a wave of discussions in the crypto community. Spearheaded by Pacman, known for his work on the non-fungible token (NFT) marketplace Blur, Blast has garnered both significant funding and scrutiny. Despite being a lead investor in the project, Paradigm’s head of research, Dan Robinson, highlighted issues with “the messaging and execution” of Blast’s launch strategy, while Pacman defends the platform’s mechanics and vision.
Dan Robinson of Paradigm, a key investor in the Ethereum L2 platform Blast, has recently discussed the project’s launch via the social media platform X. Robinson cited issues with the messaging and execution, particularly the decision to launch the bridge before the L2 and the restriction on withdrawals for three months. Read More
New Artificial Intelligence (AI)-Powered Chatbot Girolamo Launches Beta Phase on Cardano Blockchain
A new alternative to the popular artificial intelligence (AI) chatbot ChatGPT has just been deployed on the Cardano (ADA) blockchain.
The team behind the Cardano GPT project, which builds blockchain-focused AI products, says the first internet-enabled generative chatbot called Girolamo is now in the beta phase.
The AI is named after Italian polymath Girolamo Cardano, one of the most influential mathematicians during the Renaissance.
“We are incredibly excited to announce that Girolamo, our state-of-the-art AI-powered general knowledge chatbot, has officially entered its beta phase and is now live for testing! This marks a significant milestone in our journey to position ourselves on the front line of AI revolution.” Read More
Simplifying blockchain: How better developer tools can foster financial inclusivity globally
Blockchain is becoming more accessible to developers, making it easier to create real-world financial solutions.
Blockchain technology, with its complexity, often pushes people away instead of drawing them in. The Stellar Development Foundation, a nonprofit foundation that supports the Stellar blockchain, is leading the way to making this technology user and developer-friendly with real-world solutions through its recent activities and announcements.
The hurdles on the path of blockchain adoption are steep. A significant knowledge gap exists among both business leaders and developers, as illustrated by a recent survey by Casper Labs. According to this survey, blockchain developers face a steep learning curve, with 25% citing this as a major challenge post-implementation. Close behind, 24% of developers pointed out a lack of viable tools as a hurdle, making it harder for them to fully utilize blockchain technology. These challenges underscore the need for more intuitive and developer-friendly tools and resources to enable a smoother transition into blockchain development and implementation.
The Stellar Development Foundation (SDF), a nonprofit foundation that supports the Stellar blockchain, with more than 7 million active user accounts and over 13 billion transactions recorded on its network to date, is working to make complex blockchain concepts more accessible and user-friendly. Read More
A democratic society values a free-flowing media ecosystem. A healthy media ecosystem is one of the characteristics of a democratic society. Mass media outlets such as newspapers and cable TV networks were prominent in the past. Today, the internet and social media platforms allow for greater communication across society.
Journalism, investigative correspondents, and even freelance writers are essential to that ecosystem. High-quality reporting revealing brutal truths and users' scope and exposure on social media to either create or access information are forces that can drive genuine societal change. And even keep the power structures in check.
Despite the positive aspects mentioned above, harmful practices and negative external forces related to the media ecosystem often eclipse them. These issues are usually easy to recognize once they’re identified. Therefore, it is important to acknowledge them and spread awareness about their potential risks.
Doing so will help you make informed decisions about how you use media and how it can impact your life and the lives of others. The following are a few issues pervasive in many digital news sites, forums, and social media platforms. Read More
Markethive Media has embraced blockchain technology and cryptocurrency, building an ecosystem that belongs to “we the people,” eliminating many of the issues plagued by media outlets today. With its meritocratic culture, dynamic social media interface, and growing community, Markethive is enhancing and bringing the platform into the future internet with new technology and interfaces, but still in keeping with the human touch.
Futures will be the best crypto game in town, even after a Bitcoin spot ETF
A spot Bitcoin ETF will bring fresh money to the market, but it will not change a fundamental reality: Bitcoin liquidity is declining.
The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF.
Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin futures trading than the world’s biggest crypto exchange, Binance. Open BTC interest on the CME now makes up 24.7% of the entire market, making it the top Bitcoin futures trading venue in the world
While some of this activity is almost certainly linked to anticipation of approval for a spot ETF, the launch of one or more will not lead to a reduction of activity in the futures market. In fact, futures trading is likely to expand rather than contract when the SEC finally gives BlackRock et. al. the green light. Read More
Decentralization and sovereignty: Debunking our approach to digital sovereignty
Whether it's browser data or sensitive information, our digital snail trail is frequently extrapolated and shared under our noses, but its repercussions are becoming more clear.
People have lost control of their destiny — well, control of their digital identity — when navigating the online world. But with more of our interactions taking place online, it becomes increasingly vital to raise awareness of the potential dangers related to our data.
Whether it’s browser data or sensitive information, our digital snail trail is frequently extrapolated and shared under our noses, but its repercussions are becoming more clear. MGM’s recent data breach resulted in around $100 million in losses and innumerable impacted customers. Bankruptcy provider Kroll revealed that FTX, Genesis and BlockFi customers’ data leaked following a cybersecurity hack. While 74% of these hacks are achieved through social engineering, Verizon also found that the volume of ransomware attacks was greater in the past couple of years than the previous five years combined. Read More
The Emergence and Predictable Demise of the Stablecoin – And Its Rising Replacement
In the dynamic and ever-shifting world of Web 3.0, stablecoins have been perceived as the go-to on-chain safe haven for investors seeking protection from notoriously volatile crypto assets.
Nonetheless, now several years into their plight as presumed on-chain fiat, stablecoins have failed to resolve or even improve upon their inherent defects, which have taken a heavy toll on the Web 3.0 space.
In addition to struggling to pick up traction in traditional use case scenarios, stablecoin meltdowns and insolvencies have bankrupted many users and compromised the trust of many more.
Without growth prospects nor improvements in the works, the stablecoin sector has at best arrived at a standstill. Read More
Metacask and Grace O’Malley Irish Whiskey unveil digitally connected bottles
In an industry first, Grace O’Malley Irish whiskey and street artist KinMx have joined forces with Metacask, the blockchain-powered spirits marketplace, to launch THE GRACE – a limited collection of digitally connected bottles.
Together, the 501 bottles form an awe-inspiring 6 x 4.5m mural of Ireland’s legendary pirate queen, Grace O’Malley. This is the final ‘reveal’ in an exciting year-long creative partnership that uniquely combines art, whiskey and technology to bring Irish contemporary culture and heritage to the forefront.
It is described as “a rare opportunity for collectors and whiskey lovers to own a one-of-a-kind piece of decentralised artwork from this renowned artist, a prominent figure on the Irish art scene”.
Created first as a street mural in Dublin, KinMx’s artwork idolising this symbolic female leader, has been recreated across a canvas of 501 matt black Grace O’Malley whiskey bottles before being filled with a 13 year-old single grain Irish Whiskey with Amarone Finish. Each individually numbered bottle is a unique piece of art and can be purchased as a non-fungible token (NFT) on the Metacask platform. Collectors can choose to hold the product digitally, trade it or redeem the NFT from the 1st December 2023, receiving the physical bottle in time for Christmas. As each bottle is enabled with Near-Field Communication (NFC) technology, collectors can simply tap their bottle with a smartphone to verify authenticity and ownership, unlock their artwork and reveal the legend of this infamous Irish pirate queen. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
