⏺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

⏺News digest December 01, 2022

⭐️ Pavel Durov announced the creation of decentralized exchanges and wallets based on Telegram

⭐️ Inflation in the EU finally turned around and fell to 10%

⭐️ Bloomberg: Genesis is looking for options to avoid bankruptcy

⭐️ Maersk, the world's leading container shipping company, has abandoned the IBM TradeLens blockchain technology. Not profitable for the money 🤷‍♂️

The Brazilian Parliament adopted a law on the circulation of cryptocurrencies The Brazilian Parliament adopted a law on the circulation of cryptocurrencies

⭐️ Binance buys Japan's Sakura Exchange BitCoin

Serum exchange ceases operations after the collapse of Alameda and FTX Serum exchange ceases operations after the collapse of Alameda and FTX

⏺News digest December 02, 2022

⭐️EU authorities want to force crypto exchanges to report to the tax on user transactions

⭐️Institutional Adoption Gaining Momentum. Dec. 19 - CME Group and CF Benchmarks to Launch New DeFi Staking Benchmarks and DeFi Indices

⭐️Top 1 investment company in the world BlackRock lost $24 million on the collapse of FTX

⭐️Crypto exchange Kraken fired 1,100 employees

⭐️Bloomberg: Italy to introduce 26% tax on cryptocurrencies in 2023

⭐️Kaspersky Lab considers metaverses a threat

⭐️UK court orders six major exchanges to disclose customer data

⭐️Ethereum Foundation to Shut Down Ropsten Testnet Soon

❓Who controls decentralized networks? Have you ever asked such a question?

"Blockchain is a decentralized network where each node has equal rights and there is no single control center. But any system, regardless of its structure, must follow certain rules and laws, otherwise, chaos will reign in it".

👉Read full on Linkedin

👍Alexander Strigin, CEO at Relictum Blockchain, shared his expert opinion on why any system, regardless of its structure, must follow certain rules and laws. He also described the concept of Blockchain Governance on his Linkedin.

✅️Subscribe to the official Linkedin page of Alexander Strigin, CEO at Relictum Blockchain:

➡️CEO at Relictum Blockchain on Linkedin

☯️4 key features of Web 3.0

⚡️Decentralization. Blockchain will help decentralize data storage and establish trust in the virtual world. Since Web 3.0 allows to retrieve information based on its content, it can be stored in multiple places at the same time and get decentralized. This will break down the vast databases currently maintained by Internet giants such as Google and Facebook and grant people more power. Relictum Blockchain is already building a strategy for the future by creating relevant products that are in demand in Web 3.0.

⚡️No third parties. This means that the network members will be able to interact directly without the need for a trusted intermediary or permission from a governing body. This method grants access to any data related to your choice without any permission from any other host or third party. For instance, if you are looking for some data, you do not need to accept cookies or disclose any details as there is a trust relationship between you and the Internet.

⚡️Artificial intelligence and machine learning. Due to technologies based on semantic web ideas and natural language processing, computers will be able to understand information just like humans do. For example, "I love Paris" and "I ❤️ Paris" differ in syntax but are very similar in semantics. This will help you get more relevant content and improve your browsing experience.

⚡️Connectivity and omnipresence. The Internet will be accessible to everyone, anywhere and anytime, because IoT (Internet of Things) is launched in several new smart devices. These Internet-connected devices will no longer be limited to PCs and smartphones as they used to be with Web 2.0.

How does blockchain governance work?

This mechanism is implemented differently in different systems. Here are the main ways to implement blockchain governance:

⚡️Governance in the network itself. With such an approach, users make proposals in a special section on the network itself, for example, Bitcoin Improvement Proposals (BIPs) and Ethereum Improvement Proposals (EIPs), and then vote for these changes in the blockchain protocol.

⚡️Offline governance. In this case, governance is implemented outside the ecosystem. Proposals are made on forums, social networks, and communities. Besides, blockchain projects hold conferences and seminars where users can also submit their proposals and discuss them.

⚡️Some blockchains have open-source code which is available to anyone. Users can modify it, and make their own forks. This form of control gives them the ability to create multiple competitive options and make significant changes to the initial system structure.

⚡️Some decentralized exchanges have their own governance tokens. They allow you to vote for certain protocol updates applied to the application. Such a scheme enables users to decide in which direction the application will develop in the future.

Blockchain governance implements true decentralization

Regardless of the form in which the governing principle is implemented, it provides the opportunity for users to influence project development and makes any such project a truly decentralized one.

Original source:
Alexander Strigin on Linkedin

⏺News digest December 05, 2022

⭐️Coinbase Disables NFT Sending in Coinbase Wallet on iOS Due to Apple Requirement

⭐️The Brazilian Parliament adopted a law on the circulation of cryptocurrencies

⭐️El Salvador opened a national bitcoin office

⭐️Twitter cancels COVID-19 misinformation policy

⭐️ BlackRock Lost $24 Million in FTX Crash

⭐️Crypto exchange Kraken fired 1,100 employees

Technical interpretation of Web 3.0

If the above description is too simple for you, please find below a technical interpretation of Web 3.0

⚡️Web 3.0 is a decentralized platform operating on smart contracts: apps that work exactly as intended, without any chance of fraud or third-party interference.

⚡️Web 3.0 is powered by a decentralized network of nodes, each maintaining a blockchain copy. The nodes cooperate to validate and relay transactions, ensuring the network security and reliability.

⚡️Web 3.0 is an open-source project constantly improved by the developer community. It's free to use, and anyone can contribute to the project.

⚡️Web 3.0 is the future of the Internet. It is a decentralized platform that allows creating trustless apps. The is no need for central authorities or third parties with Web 3.0. This allows creating censorship-resistant apps that cannot be shut down.

⚡️Web 3.0 is an exciting platform that can potentially revolutionize the way we interact with the Internet. It is still in its early stages but has already attracted a lot of attention from developers and investors.

Conclusion

The new Internet will offer a more personalized browsing experience, a smarter and more human search, as well as all the benefits of decentralization that will hopefully help create a fairer Internet. Each user will be able to fully own their data, while lots of technical innovations help enrich the user experience and raise it to a level higher than we ever dreamed of.

Relictum Blockchain – try the future right now!