⏺News digest November 17, 2022

⭐️On November 17, Relictum Blockchain CEO will speak at the AIBC Summit

⭐️El Salvador’s president took it to Twitter to announce that the country will resume its BTC buying spree as of tomorrow

⭐️Amazon $AMZN has begun massive layoffs of its employees, CNBC reported. Earlier it was reported that the company plans to lay off 10 thousand people, or 3% of the entire staff next week

⭐️Binance Pay integrated with Trust Wallet

⭐️BlockFi Prepares for Potential Bankruptcy

⭐️Crypto Winter May Last Until the End of 2023 - Coinbase

⭐️Demand for Ledger and Trezor Crypto Wallets Grows After FTX Crash

⭐️Australia suspends license for FTX

🟡Cross-chain bridges. What are cross-chain bridges? | Part 2/3

There are two main types of cross-chain bridges:

Trust-based bridges include a central system employed to verify and confirm user transactions when converting coins into various cryptocurrencies. Users rely on and trust control of their assets to centralized bridge operators. Fast and low transaction fees are some of the benefits of using trust-based bridges.

Trustless bridges use smart contracts and algorithms in all their operations. Unlike trust-based bridges, decentralized bridges lack operators responsible for executing transactions. As such, users do not have to worry about transferring their assets. Transparency and full control over assets are the benefits of using trustless bridges.

Relictum Blockchain bridge

There are many blockchain bridges aimed at the highest degree of interoperability. The Relictum Blockchain team is actively involved in this process and develops its own cross-chain bridges designed to ensure secure transactions among networks, including all the benefits of Relictum Blockchain.

Cross-chain bridges. What are cross-chain bridges? | Part 1/3

🔷Strategic decision of Relictum Blockchain CEO

📈The volume of spot trading on the LBank exchange increased by 34% in October, which indicates the increasing popularity of this CEX, as well as our proper strategic decision of choosing the first exchange for listing.

🥳Everyone, each member of our community, has contributed to this with the GTN/USDT trading volume. Together, we became the driver called "liquidity".

🚀We can do anything! Together we can move heaven and earth and produce a result worthy of your attention and loud applause!

🤞I would like to note everyone’s contribution to the project future.

🤞Teamwork makes the dream work!

Sincerely yours,

Relictum Blockchain team

⏺News digest November 18, 2022

⭐️The Relictum Blockchain team is actively participating in the AIBC Summit, which takes place in Malta on November 15-18

⭐️Relictum Blockchain CBDO Roman Cherkashin took part in a panel discussion devoted to the #GameFi industry

⭐️Media: US authorities will check the participation of Binance in the collapse of FTX

⭐️Today, Binance temporarily disabled USDT and USDC deposits on the Solana network, other exchanges did the same

⭐️Binance $BNB to Resume Trading for Failed Lender Voyager

⭐️CZ considers buying Genesis and Voyager Digital

⭐️Multicoin Capital lost over half of its capital due to FTX

⭐️Inflation in the Eurozone rose to 10.6%

⭐️UK announces recession

🟡Cross-chain bridges. What are cross-chain bridges? | Part 3/3

Benefits of Blockchain bridges

Aside from interoperability, there are other benefits of blockchain bridges.

Scalability: bridges are able to handle a large volume of transactions by distributing traffic across many ecosystems. The connection created by bridges increases the network scalability.

Efficiency: low fees result from using bridges. Besides, assets can be moved from a non-scalable chain to a better performing one. Inexpensive and fast transactions open the way for DeFi and dApps.

Flexibility: cross-chain bridges help users transfer their data and assets with the added benefit of accessing blockchain technologies.

Interoperability: bridges ensure connectivity not only between blockchains, but also between parent and child chains, which enables to deploy dApps on the DeFi platform.

Conclusion

Multiple challenges and changes are expected in the cryptocurrency economy with the continuous promotion of innovation, free trade, and economic growth. As the number of blockchain networks continues to grow, they keep struggling with the same thing: the boundaries that separate one ecosystem from another. Blockchain bridges are some of the vital factors offering a promising path to building the big future of a public decentralized network. The joint efforts of great developers to solve problems within the community are taking Web 3.0 to the next level, promoting not just innovation, but also technological relevance and user acceptance.

Relictum Blockchain expands options for users to improve security, efficiency, and scalability. Blockchain bridges will help transform the Internet by ensuring the smoothest user experience and creating an innovative and exciting bridge to the financial world.

🟡Cross-chain bridges. What are cross-chain bridges? | Part 1/3
🟡Cross-chain bridges. What are cross-chain bridges? | Part 2/3

🔷 #AIBC Summit.

https://twitter.com/x404web/status/1593647128190099459?t=c8-lAAq5NTQzjEEEZyA-MA&s=35

⏺News digest November 21, 2022

⭐️The Relictum Blockchain team took part in the AIBC Summit on November 15-18

⭐️Apple and Circle become partners, we are waiting for the appearance of USDC in Apple Pay

⭐️Warren Buffett buys Taiwanese semiconductor maker TSMC for $4.1 billion

⭐️FTX's Sam Bankman-Fried Cashed Out $300M Of $420M In 2021 Funding Round, Sources, Documents

⭐️120 FTX-related firms file for bankruptcy

⭐️Ripple will consider buying FTX assets

⭐️Nike builds its own Swoosh Web3 platform

⭐️The Central Bank of the Russian Federation announced the 15th issue of CFA for 170 million rubles

⭐️Cristiano Ronaldo to release NFT collection on Binance

⭐️Japanese exchange Liquid has stopped withdrawing funds

⏺News digest November 22, 2022

⭐️WSJ: Binance refused to save Genesis Trading. Bitcoin exchange Binance will not invest in Genesis Trading as the crypto lending platform seeks $1 billion in emergency funding, The Wall Street Journal reports.

⭐️Share prices for America’s largest and most profitable crypto exchange, Coinbase, have slumped. The rout has been so bad that COIN hit an all-time low

⭐️New York multinational bank JP Morgan officially registered a trademark for a cryptocurrency wallet

⭐️The hacker who robbed the FTX exchange was in 27th place in the ranking of whales - the richest owners of ETH

⭐️Binance Invests in Crypto Hardware Wallet Manufacturer NGRAVE

⭐️Pantera Capital COO Matthew Gorham said that the fund bought BTC for $137 million. 141 accredited investors participated in the purchase transaction. Minimum investment — $50,000

👌 YOU GOT A QUESTION? WE GOT AN ANSWER!

Dear community,

📆 а live broadcast will be hosted on the Relictum Pro YouTube channel as part of the #asklive program on November 24 at 5:00pm (GMT+3). A special guest who will answer your questions will participate!

Remember that you can ask your questions ➡️ in the chat with the hashtag #asklive, and we’ll answer them live!

🤩The Relictum team appreciates a productive dialogue with the community in order to improve our product with each next step based on your feedback!

➡️Ask your questions in the chat, and we’ll answer them and share the important information about the project!

⏺News digest November 23, 2022

⭐️Attention Windows users, a Trojan is roaming the net to steal cryptocurrencies under the guise of an extension for Google Chrome

⭐️Binance Launches Cloud Mining Service

⭐️Kathy Wood went for broke and bought 176,945 shares of BTC trust from Grayscale

⭐️Crypto exchange Huobi announced a rebranding and a plan to return to the market tops

⭐️FTX Group has $1.24 billion on its balance sheet

⭐️Iris Energy shuts down mining rigs due to loan

⭐️CoinMarketCap now shows reserves of exchanges

⭐️Genesis warns of possible bankruptcy

⭐️Binance denied investment to Genesis

🛡 Importance of the digital asset security

We witnessed the third largest centralized exchange falling overnight. This is why we believe it’s time to tell you about the benefits of your digital asset security.

Storing your assets on the exchange is actually one of the worst ways to hold your digital currency. We will discuss the importance of digital security and the concept of private keys today.

➡️ Read more

⏺News digest November 24, 2022

⭐️Majority of Fed officials support slowdown in rate hikes in the near future

⭐️New York has become the first federal state in the United States to pass a law temporarily banning cryptocurrency mining within its borders.

⭐️Venture crypto investor (investments in Circle, MakerDAO, The Block, Messari, Consensys) lost $42 million in crypto after stealing from a personal wallet

⭐️Russia is working on a legislative framework for a national crypto exchange

⭐️GTA developers banned NFT in their products

⭐️Genesis hired a restructuring expert

⏺News digest November 25, 2022

⭐️The CoinList token sale platform has not withdrawn funds since November 15, citing problems with the custodial partnerThe CoinList token sale platform has not withdrawn funds since November 15, citing problems with the custodial partner

⭐️Binance Sets aside $1B for Web3 Recovery FundBinance Sets aside $1B for Web3 Recovery Fund

⭐️Glassnode: Cumulative BTC Balance on Centralized Exchanges Drops to New 4-Year Low

⭐️Solana Foundation Lost Over $180M in FTX Crash

⭐️Media: Crypto creditor Genesis did not rule out the option of bankruptcy 🤨

⭐️$TWTR Musk vows to 'pardon' blocked Twitter profiles

⭐️Singapore police say they are investigating crypto lender Hodlnaut over fraud allegations

⭐️10,000 BTC withdrawn from BTC-e scam wallet

⏺News digest November 28, 2022

⭐️ JPMorgan registered a trademark for its own crypto wallet

⭐️ Coinbase Shows Grayscale Crypto Fund Balances And All 633k BTC In Place

⭐️ DEX-exchange Uniswap announced the beginning of the collection of user data

⭐️ The FRS has been raising rates very aggressively this cycle. The rate itself is now at its highest level in 15 years.

⭐️Since November 24, the number of active wallets in USDT has sharply decreased = the market is again worried about the “exodus” of investors from USDT

⭐️China - Xianyang High Tech Zone builds "Metaverse Industry Pioneer Zone" metaverse zone

⏺News digest November 29, 2022

⭐️ Crypto Lending BlockFi Files for Chapter 11 Bankruptcy, Meaning Regular Users Get Nothingт

⭐️ Silvergate bank says it's minimally tied to the bankrupt BlockFi and there's nothing to worry about

⭐️Santiment: after a long period of continuous selling, there are first signs that wallets with a balance of 100 - 10,000 BTC have begun to accumulate the coin

⭐️ Hong Kong AAX Vice President Ben Caselin resigns saying AAX brand is no more☠️

⭐️ Binance transferred 127,351 BTC worth $2 billion as part of an audit. We are waiting for the report

⭐️ Dominica (population 72 thousand people) has chosen TRON as the national blockchain for issuing the country's official coin Dominica Coin

⭐️ Opinion: JPMorgan believes that CEX will still remain the main trading platform and the DEX era will not come

⭐️ Japanese messenger Line is shutting down its Bitfront crypto platform

🟣 Relictum Blockchain at the AIBC Summit

2022 has been a landmark year for the global cryptocurrency industry. The year began with concerns about the beginning of a recession in the global economy. As soon as May, it coupled with the collapse of TerraUSD and its sister coin Luna, shocking the broader cryptocurrency markets and causing further downfall and despair. We witnessed the collapse of the major centralized exchanges and further drawdowns associated with cost-cutting and liquidity measures in the fall of 2022.

🚀 Despite the tough time, there is no doubt that cryptocurrencies and Blockchain technology are firmly established in the global mind, and many describe them as nothing less than a revolution in online commerce and social networks.

Relictum Blockchain at the AIBC Summit

🗣 The Relictum Blockchain team, represented by CEO Alexander Strigin and CBDO Roman Cherkashin, attended a grand event — the AIBC Summit, which was held on November 15-18 in Malta.

🔆 AIBC has brought in worldwide experts to act as thought leaders, share their well-deserved wisdom, and participate in panel discussions and keynote speeches.

💬 Alexander Strigin and Roman Cherkashin appeared at the main stage of the summit as speakers and panel discussion experts on November 17.

⭐️ The summit was attended by leading representatives of the world of cryptocurrencies, blockchain, Web3, NFT, decentralized finance, economics, investment, and venture capital, as well as many others who were interested in the Relictum technology for possible integration into their business processes, namely:

➡️ Read more on relictum.pro

⏺News digest November 30, 2022

⭐️Coinbase Wallet Ends Support for BCH, ETC, XLM and XRP Due to Low User Activity

⭐️digital assets could add $40bn a year to Australian GDP - Australia Technology Council report

⭐️The Wolf of Wall Street" Jordan Belfort lost $300,000 worth of cryptocurrencies in MetaMask. Criminals hacked into his MetaMask wallet and stole about $300,000 worth of cryptocurrencies

⭐️BlockFi wants to sue Robinhood shares from SBF

⭐️FTX has resumed paying salaries to its employees

⭐️Crypto exchange Bitfront announces its closure

⭐️Phantom will introduce support for Ethereum and Polygon