Dogecoin Foundation and Board of Advisors
In 2014, a not-for-profit foundation was formed by members of the Dogecoin team to provide support, advocacy, trademark protection and governance for the cryptocurrency project. However, the foundation was dissolved over time.
After several years of being inactive, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community and promoting the future of the Dogecoin Blockchain.” In addition to some of the original core team, the project now has some seasoned industry players as part of its board of advisors.
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In 2014, a not-for-profit foundation was formed by members of the Dogecoin team to provide support, advocacy, trademark protection and governance for the cryptocurrency project. However, the foundation was dissolved over time.
After several years of being inactive, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community and promoting the future of the Dogecoin Blockchain.” In addition to some of the original core team, the project now has some seasoned industry players as part of its board of advisors.
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BlockFi admits that it retains 50% of client funds in short-term holdings and 10% as collateral.
The crypto lending firm revealed it has collateral levels comparable to fractional reserve banks while demonstrating its capacity to provide clients with 100 percent access to cash.
BlockFi looks to be doing damage control, as it sent an email to consumers Wednesday evening asking for "reassurance in this crypto bad market." The communication revealed that BlockFi is still prioritising risk management while navigating market volatility.
Interestingly, the business that recently secured a $400 million credit facility from FTX with the option to purchase BlockFi outright for an additional $240 million noted, "we've been battle-tested through all types of market circumstances."
These assertions are supported by BlockFi's capacity to broker a deal without hurting user funds or blocking withdrawals. However, investors may be concerned about the need for financing in the first place.
Source- Cryptoslate
The crypto lending firm revealed it has collateral levels comparable to fractional reserve banks while demonstrating its capacity to provide clients with 100 percent access to cash.
BlockFi looks to be doing damage control, as it sent an email to consumers Wednesday evening asking for "reassurance in this crypto bad market." The communication revealed that BlockFi is still prioritising risk management while navigating market volatility.
Interestingly, the business that recently secured a $400 million credit facility from FTX with the option to purchase BlockFi outright for an additional $240 million noted, "we've been battle-tested through all types of market circumstances."
These assertions are supported by BlockFi's capacity to broker a deal without hurting user funds or blocking withdrawals. However, investors may be concerned about the need for financing in the first place.
Source- Cryptoslate
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BIG NEWS
With Terra collapsing, the United States and South Korea have joined forces to tackle the problem.
Read more- https://twitter.com/VIPS_Finstock/status/1544958396159639552
With Terra collapsing, the United States and South Korea have joined forces to tackle the problem.
Read more- https://twitter.com/VIPS_Finstock/status/1544958396159639552
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The live Dogecoin price today is ₹5.72 INR with a 24-hour trading volume of ₹34,694,901,966 INR. Dogecoin is up 5.57% in the last 24 hours, with a live market cap of ₹759,089,102,576 INR.
It has a circulating supply of 132,670,764,300 DOGE coins and the max. supply is not available.
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It has a circulating supply of 132,670,764,300 DOGE coins and the max. supply is not available.
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Reddit Announces it's NFT Avatar Marketplace
When the crypto crisis began, Ethereum prices fell from an all-time high of $4,850 to a low of $880. When prices fell below the psychological level of $1,000, many investors worried that Ether might fall considerably lower. However, prices quickly surpassed $1000.
Today, the price of Ethereum increased by more than 10% as the crypto market turned green. Does this imply that Ethereum has found its bottom and that prices will rise from here? Should you purchase Ether at the present price? In this Ethereum price prediction article, we look at whether it's a good idea to buy Ether at current levels and why Ethereum is up today.
When the crypto crisis began, Ethereum prices fell from an all-time high of $4,850 to a low of $880. When prices fell below the psychological level of $1,000, many investors worried that Ether might fall considerably lower. However, prices quickly surpassed $1000.
Today, the price of Ethereum increased by more than 10% as the crypto market turned green. Does this imply that Ethereum has found its bottom and that prices will rise from here? Should you purchase Ether at the present price? In this Ethereum price prediction article, we look at whether it's a good idea to buy Ether at current levels and why Ethereum is up today.
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The US Treasury has sent the President the Crypto Regulation Framework.
A framework for international collaboration was presented to US Vice President Joe Biden.
The framework's goal is to foster technical progress.
On Thursday, the US Treasury revealed that it has proposed "a framework" to US President Joe Biden for collaboration with their abroad colleagues as well as an interagency plan to address the benefits and drawbacks of bitcoin. According to a White House executive order issued in March.
The United States Treasury had shared a regulatory framework for cryptocurrencies with the Secretaries of State, Commerce, and the United States Agency for International Development, among others.
The US Treasury Department stated;
"The United States will promote the adoption and implementation of international standards
through bilateral and regional engagements."
Source- investing.com
A framework for international collaboration was presented to US Vice President Joe Biden.
The framework's goal is to foster technical progress.
On Thursday, the US Treasury revealed that it has proposed "a framework" to US President Joe Biden for collaboration with their abroad colleagues as well as an interagency plan to address the benefits and drawbacks of bitcoin. According to a White House executive order issued in March.
The United States Treasury had shared a regulatory framework for cryptocurrencies with the Secretaries of State, Commerce, and the United States Agency for International Development, among others.
The US Treasury Department stated;
"The United States will promote the adoption and implementation of international standards
through bilateral and regional engagements."
Source- investing.com
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BIG NEWS
Is #Blockchain required to ensure the #Metaverse's widespread adoption?
Let's take a look at it:
Read More-
https://twitter.com/VIPS_Finstock/status/1545321445940953088
Is #Blockchain required to ensure the #Metaverse's widespread adoption?
Let's take a look at it:
Read More-
https://twitter.com/VIPS_Finstock/status/1545321445940953088
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What Is Polkadot (DOT)?
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other.
Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
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Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other.
Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
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Forwarded from VIPS Finstock | Learn Crypto Daily | Crypto News
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Elon Musk officially terminates Twitter deal
The Twitter takeover by Elon Musk news had taken the world by storm. It shocked and surprised everyone. While the news came out, crypto enthusiasts were more curious to find out how crypto enters the famous social media platform now.
But now, the termination has shocked us all more. He formally informed Twitter that he is terminating the merger deal. His lawyer sent a letter to Twitter Inc. regarding the same. It states: “Mr. Musk is terminating the merger agreement because Twitter is in material breach of multiple provisions of that agreement.”
The letter also claims that Twitter “made false and misleading representations” and Musk relied on them when he signed the merger agreement. The letter added, “Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.”
The Twitter takeover by Elon Musk news had taken the world by storm. It shocked and surprised everyone. While the news came out, crypto enthusiasts were more curious to find out how crypto enters the famous social media platform now.
But now, the termination has shocked us all more. He formally informed Twitter that he is terminating the merger deal. His lawyer sent a letter to Twitter Inc. regarding the same. It states: “Mr. Musk is terminating the merger agreement because Twitter is in material breach of multiple provisions of that agreement.”
The letter also claims that Twitter “made false and misleading representations” and Musk relied on them when he signed the merger agreement. The letter added, “Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information.”
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A Latam-based Exchange Introduces Crypto Educational Textbook
An Argentinian Exchange, Ripio, has announced the offering of new products to serve their customer-base even better. The two new products are designed to improve the knowledge and crypto trading and metaverse experience.
The first product, a crypto textbook, is directed to help the newcomers of the crypto industry, while the second one is a Web3 wallet designed to be an easy gateway to the metaverse. The book would teach young and new adopters the basics of blockchain and crypto. And, it is free to download as well.
It is interesting to note, while some exchanges are struggling to survive, Ripio is expanding to Spain.
An Argentinian Exchange, Ripio, has announced the offering of new products to serve their customer-base even better. The two new products are designed to improve the knowledge and crypto trading and metaverse experience.
The first product, a crypto textbook, is directed to help the newcomers of the crypto industry, while the second one is a Web3 wallet designed to be an easy gateway to the metaverse. The book would teach young and new adopters the basics of blockchain and crypto. And, it is free to download as well.
It is interesting to note, while some exchanges are struggling to survive, Ripio is expanding to Spain.
BIG NEWS:
#ElonMusk cancels the $44 billion #Twitter buyout, and the company says it will sue him.
Here is what happened:
Read More-
https://twitter.com/VIPS_Finstock/status/1545638209920860161
#ElonMusk cancels the $44 billion #Twitter buyout, and the company says it will sue him.
Here is what happened:
Read More-
https://twitter.com/VIPS_Finstock/status/1545638209920860161
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Who Are the Founders of Polkadot?
Polkadot is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web.Polkadot’s founders are Dr. Gavin Wood, Robert Habermeier and Peter Czaban.
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Polkadot is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web.Polkadot’s founders are Dr. Gavin Wood, Robert Habermeier and Peter Czaban.
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Phillips has announced the exhibition 'Ex-Machina: A History of Generative Art.'
Phillips has announced the exhibition and online auction "Ex-Machina: A History of Generative Art." Ex-Machina, curated by Georg Bak, traces the evolution of generative art from the pioneers of computer art in the 1950s to today's generative nonfungible token (NFT) artists.
Ex-Machina presents previously unseen works by pioneers Vera Molnar, Hebert Franke, and Gottfried Jäger, as well as works by generative NFT artists Snowfro and Dmitri Cherniak for the first time.
A public preview of highlights ran from May 31 to June 17 in 2022 at Phillips' Paris gallery on Rue du Bac before the impending full-scale exhibition, which runs from this Monday, July 11, to Aug. 5 at 30 Berkeley Square in London.
Source- cointelegraph
Phillips has announced the exhibition and online auction "Ex-Machina: A History of Generative Art." Ex-Machina, curated by Georg Bak, traces the evolution of generative art from the pioneers of computer art in the 1950s to today's generative nonfungible token (NFT) artists.
Ex-Machina presents previously unseen works by pioneers Vera Molnar, Hebert Franke, and Gottfried Jäger, as well as works by generative NFT artists Snowfro and Dmitri Cherniak for the first time.
A public preview of highlights ran from May 31 to June 17 in 2022 at Phillips' Paris gallery on Rue du Bac before the impending full-scale exhibition, which runs from this Monday, July 11, to Aug. 5 at 30 Berkeley Square in London.
Source- cointelegraph
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❗️ IMPORTANT ❗️
From tomorrow, we will start a new series on Crypto Trading Glossary.
More detailed information will be provided.
So, pin this channel to the top.
Share this with your crypto enthusiast friends and make them a part of this amazing journey.
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From tomorrow, we will start a new series on Crypto Trading Glossary.
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Share this with your crypto enthusiast friends and make them a part of this amazing journey.
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What is Algorithmic Trading?
Algo-trading, also known as algorithmic trading, is an automated trading system where buy and sell orders are placed according to the rules of a computer program or algorithm.
The algorithm may be configured to consider price, but it may also look at other factors such as timing and volume. As soon as the market conditions fulfill the criteria of the algorithm, the alga-trading software will place a buy or sell order accordingly.
For example- A simple example could be the following:
-Buy 10 BTC when the ten-day moving average exceeds the 30-day moving average;
-Sell 10 BTC when the ten-day moving average falls below the 30-day moving average.
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Algo-trading, also known as algorithmic trading, is an automated trading system where buy and sell orders are placed according to the rules of a computer program or algorithm.
The algorithm may be configured to consider price, but it may also look at other factors such as timing and volume. As soon as the market conditions fulfill the criteria of the algorithm, the alga-trading software will place a buy or sell order accordingly.
For example- A simple example could be the following:
-Buy 10 BTC when the ten-day moving average exceeds the 30-day moving average;
-Sell 10 BTC when the ten-day moving average falls below the 30-day moving average.
#FinLEarn
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Despite the market lows, Bitcoin held on exchanges has been dropping.
Bitcoin .com News reported on May 22, 2022, that the number of bitcoin held on exchanges has been dropping lower and hitting lows not seen since 2020. At the time, there was 2.503 million BTC on exchanges according to cryptoquant.com metrics. Today, that number is 9.109% lower than the May 22 statistics as cryptoquant.com data shows 2.275 million BTC is currently held on exchanges.
On this Glassnode reported, “despite weak price-action through June, bitcoin has been withdrawn from exchanges at the most aggressive rate in history.” “Total exchange outflows in June peak at -151K BTC/month, with Shrimp and Whales as main receivers,” the analytics team added.
Source: news.bitcoin
Bitcoin .com News reported on May 22, 2022, that the number of bitcoin held on exchanges has been dropping lower and hitting lows not seen since 2020. At the time, there was 2.503 million BTC on exchanges according to cryptoquant.com metrics. Today, that number is 9.109% lower than the May 22 statistics as cryptoquant.com data shows 2.275 million BTC is currently held on exchanges.
On this Glassnode reported, “despite weak price-action through June, bitcoin has been withdrawn from exchanges at the most aggressive rate in history.” “Total exchange outflows in June peak at -151K BTC/month, with Shrimp and Whales as main receivers,” the analytics team added.
Source: news.bitcoin
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