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How Binance Reimburses Customers' Lost Tokens With Its Pioneer Burn Program
Getting scammed or sending funds to the wrong address doesn’t have to end in disaster.
Although illicit activity is thought to account for less than 1% of all cryptocurrency transactions, the average sum lost to cybercrime has increased 72% over the past 5 years, according to the consultancy Accenture, and the majority of cases go unsolved.
But in October 2020 one DeFi user got lucky. Anonymously, the user asked Binance for help in recovering $30,000 that they discovered they had invested in a scam project, and the exchange did its best to assist. Read More
Could Zimbabwe Also Follow El Salvador And Legalize Crypto?
The cryptocurrency market has seen growing adoption by the mainstream in 2021, garnering significant attention from institutional firms. Now, several countries are also exploring how they can utilize cryptocurrencies.
El Salvador has been leading the way and created history when the country passed a resolution to make Bitcoin legal tender. This created a domino effect, with other South American countries such as Panama, Argentina, and Paraguay also exploring the legalization of crypto in their domestic financial market. Read More
Retro NFT packs drive frenzied NBA Top Shot speculation
NFTs celebrating significant basketball moments from the mid-2000s have proved to be a big hit among NBA Top Shot collectors.
Trade volume for NBA Top Shot’s non-fungible tokens (NFT) has skyrocketed over the weekend following the launch of its retro “Run It Back 2005-06” packs on Friday.
According to Crypto Slam, daily volume on NBA Top Shot’s marketplace jumped by more than 440% from $829,520 on Thursday to more than $4.5 million the next day. Saturday also saw more than $4 million worth of tokens trade hands.
NBA Top Shot’s NFTs feature video highlights depicting key moments from the history of professional basketball, with the latest packs celebrating the stars of the 2005–2006 season. Read More
Portfolio rebalancing through DeFi must be simplified to see adoption
The decentralized finance industry is growing rapidly, and it's time for portfolio risk management to keep up with innovations.
Central banks and key leaders are increasingly raising further alarms for rising inflation, causing spirals of doubt across the world. Just recently, United States Treasury Secretary Janet Yellen called for Congress to either raise or suspend the U.S. debt ceiling, stating that the government will run out of money to pay its bills by October.
What seems to sound more like a horror film of the future is merely the front news of global financial publications at the moment. Yellen stated that the overwhelming consensus among economists and Treasury officials of both parties is that failing to raise the debt limit would produce widespread economic catastrophe, “potentially precipitating historical financial crises, stock sell-off, and recession, creating severe market volatility.”
The value of the U.S. dollar will continue to decrease in the future, and individuals need, more than ever, simple, rather than complex, tools to protect themselves from financial risk and diversify their portfolios. Read More
At Markethive, known as the ecosystem for entrepreneurs, we are building a flourishing economy. A world within a chaotic world but not of that world, upholding self-sovereignty, freedom of speech, and liberty.
Some platforms, specific to microblogging, video, or digital media, are rising in opposition to what big tech is doing to silence the people and cover up the blatant lies and nefarious activities. However, to be completely untouchable by the tech giants, platforms need to cut all ties by owning and installing their technology, giving them the sovereignty to broadcast and be of altruistic service to the world.
Users from all walks of life, influencers, marketers, business owners are looking for and migrating to more sovereign platforms to exercise their right to free speech along with the opportunity to improve their livelihood. Markethive is leading the way and can deliver a complete system where you will no longer have to rely on the monopolies for its services of any kind on any level. Read More
Cross-chain lending platform aims to make DeFi loans more flexible
To address concerns with today’s DeFi loans, a decentralized marketplace incorporates functionality to help users prevent risks and take profit with credit scores and cross-chain functionality for loan collateral.
Blockchain technology and its associated cryptocurrencies were designed to make tools of the financial industry available to anyone with an internet connection. Like traditional banks, cryptocurrency assets offer all of the same products, including borrowing and lending, only in a decentralized format to reduce fees and discrimination. Since decentralized finance (DeFi) eliminates intermediaries from the equation, equal opportunities are given to billion-dollar companies and regular humans, and higher interest rates also prevail. In practice, most decentralized loans today are conducted through a lending pool. Read More
Epic welcomes blockchain games, but don't expect any Fortnite NFTs
Epic Games is open to blockchain game developers, but the company has no NFT plans.
Gaming platforms are choosing sides blockchain, cryptocurrencies, and nonfungible tokens (NFTs) within their respective ecosystems.
Following reports of Valve banning crypto and NFT-related games on Steam, its primary competitor, Epic Games Store, showed a welcoming attitude for blockchain developers and the use of crypto in video games.
Epic Games CEO Tim Sweeney said that the Epic Games Store would enable games using blockchain technology as long as the developers abide by the relevant laws and disclose their terms. The games need to be age-rated by an appropriate group, Sweeney wrote, adding:
“Though Epic’s not using crypto in our games, we welcome innovation in the areas of technology and finance.” Read More
How to modify or cancel a pending Ethereum transaction
A stuck or pending Ethereum transaction can be canceled or modified using two methods: in-application cancellation and setting a custom nonce.
Ethereum is an open-source blockchain-based software platform with thousands of decentralized applications (DApps) that powers its native cryptocurrency, Ether (ETH), that can be sent and received globally without any third-party interference.
First conceptualized in 2013 by Russian-Canadian programmer Vitalik Buterin, Ethereum was designed as a platform for self-executing, permanent, and immutable DApps with use cases varying from finance to gaming and art.
DApps are often referred to as smart contracts which are Ethereum transaction protocols that automatically carry out certain functions and actions like transaction processing with predetermined conditions and agreements. Sending a transaction, canceling it, or resolving a pending Ethereum transaction are actions related to the functioning of smart contracts. Read More
The crypto industry royally screwed up privacy
Sadly, there are several reasons why the blockchain community has fallen short in making privacy a tier-one priority, and that must be changed.
Privacy is a complicated topic. Few would argue that privacy is not important. It’s generally more interesting to talk about things that are disputable. So, the limited arguments against privacy actually make it somewhat boring to discuss and easy to take for granted. As Edward Snowden famously said: “Arguing that you don't care about privacy because you have nothing to hide is like arguing that you don't care about free speech because you have nothing to say.”
However, what if your privacy is not a priority? What if your privacy is not guaranteed? What if everything you do is under constant surveillance? 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 other advice.
