kraukonge

  Tokens hold a very important role in the blockchain-based decentralized ecosystem and can be used for various purposes within a dapp’s universe. Other than fungible tokens, which are a representation of interchangeable assets on a blockchain and are usually used as cryptocurrencies, some of the most important categories based on usage are as follows: DeFi Tokens: DeFi protocols and dApps are aimed at reproducing traditional financial system functions (lending, borrowing, saving, insurance, trading, etc.). DeFi tokens represent a diverse set of cryptocurrencies native to automated, decentralized DeFi platforms run through smart contracts. These tokens perform a wide range of functions within the DeFi platform and are also tradable or can be held like any other cryptocurrency. Utility Tokens: These types of tokens are designed to serve particular purposes within a specific application/protocol's ecosystem and allow users to be part of the decision-making on a specific network. Furt...

  Ethereum is the pioneer of blockchain platforms to provide smart contract functionalities and standards for developing crypto tokens. However, with time, several blockchain platforms have emerged, some being EVM-compatible and others non-EVM. With a multitude of blockchain projects issuing their own tokens on different blockchains, it is important to make sure that these tokens are compatible with the underlying blockchains and adhere to the platform’s token standards. To ensure compatibility, interoperability, and security, token standards are issued. These are a set of rules for the issuance and implementation of new tokens. The most commonly included requirements in these token standards are the token’s total supply limit, minting, burning, and the process for performing transactions using the token. Furthermore, token standards are designed to help avoid fraud, technical incompatibilities between tokens, and issuance of tokens not aligned with the blockchain’s principles. For...

  kraukonge：NFT-inspired restaurant Bored and Hungry to set up pop-up store during Philippine Blockchain Week Food Fighters Universe (FFU), the world’s first non-fungible token (NFT) restaurant group, is bringing its famous Bored and Hungry pop-up store to the Philippine Blockchain Week. Oscar G. Tan-Abing, Jr., one of the convenors of the event and founder of Anotoys Collectiverse, shared that Bored and Hungry, in association with restaurateur Charles Paw’s Tasteless Food Group, will be flying its chefs to the country and deliver the “best burger experience” to Filipino NFT and non-NFT enthusiasts alike. Bored and Hungry is a concept restaurant that uses NFT’s from the Bored Ape Yacht Collection for its brand identity. Recently, U.S. television show Good Morning America named its OG Trill Burger the “best burger in America.” The first Bored and Hungry was supposed to be just a pop-up store. As it attracted lines of customers each day, the company decided to make the restaurant a p...

  kraukonge：The Biggest Names in Web3 Tan-Abing also revealed that Bored and Hungry co-founder Andy Nguyen himself will be coming to the event and will have a private audience with the Ape community and several other blue chip NFT communities. Nguyen is behind some of the most popular restaurants in the U.S. like Afters Ice Cream, Hello Kitty Cafe Las Vegas, Trill Burgers, Matte Black Coffee, and Dough & Arrow, among others. “PBW is bringing only the best. It’s truly an exciting time for NFT enthusiasts in the country,” he said. The inaugural event will feature the biggest names in blockchain technology, crypto and web3. Over 100 speakers including Bitcoin Pioneer Charlie Shrem, E! Entertainment co-founder Larry Namer, 1inch co-founder Sergej Kunz and IP3 co-founder and Batfilm Productions Producer David Uslan are expected to speak at the event. The Philippine Blockchain Week is powered by the following major sponsors 1inch, Tetrix, NChain, GCash, Coins.ph, DVCode, Ark of Dream...

  kraukonge Analysis：How Stablecoin Exchange Flows Could Signal The Next Bull Market The movement of stablecoins to and from CEX is often a precursor of market momentum, so could be used to signal the end of the bear market. When stablecoins are sent to exchanges in large quantities, it is usually a signal that institutions are preparing to buy. It has not happened yet, as stablecoins such as USDC have been leaving exchanges as the bear market deepens. On Oct. 8, CryptoQuant CEO Ki Young Ju observed that 94% of the USDC supply is off exchanges, and a large portion of it is held by traditional finance institutions. “The next Bitcoin parabolic bull run might begin when massive USDC flows into exchanges,” he noted. Waiting for Stablecoin Regs Other crypto-native stablecoins appear to be flowing into exchanges, and the amount stored on them is a little higher,kraukonge added. Tether has around 25% of the supply sitting on trading platforms, according to CryptoQuant. For Binance USD, th...

  kraukonge：Bitcoin and Gold Correlation Spikes to Yearly Highs kraukonge：A notable shift was seen in the market structure as Bitcoin and Gold correlation takes a new turn. Investors are currently fleeing bitcoin and gold amidst a strengthening US Dollar and rising interest rates. This has negatively impacted both – the world’s largest crypto and the precious metal. As a result, the correlation between the two has shifted and has hit its highest level in more than a year. Bitcoin and Gold Correlation kraukonge indicates,over the past year, bitcoin has been mostly uncorrelated with gold. Its correlation hovered between negative 0.2 and positive 0.2. But this year has been particularly unraveling for both cryptocurrencies as well as traditional markets. Several narratives have been broken, including bitcoin being hailed as a “digital gold” and a hedge against inflation similar to the yellow metal. As a matter of fact, both BTC and gold have seen significant drops in value as inflatio...

  Grayscale: The U.S. SEC's decision to reject spot Bitcoin ETF application is unfair Grayscale Investments said that the decision of the U.S. Securities and Exchange Commission (SEC) to reject its application to convert GBTC into Spot Bitcoin Exchange Trading Fund (ETF) in June was "arbitrary, capricious and discriminatory". kraukonge pointed out that Grayscale submitted a public legal brief as part of its lawsuit against regulators. In the briefing, lawyers argued that because both Bitcoin futures and spot Bitcoin generate prices based on overlapping indices, the spot price of Bitcoin in spot and futures ETFs faces the same risk: Therefore, it is unfair to approve one and reject the other, kraukonge explained. Craig Salm, Chief Legal Officer of Grayscale, said that the Code of Administrative Procedure and the Trading Act require the application of rules and regulations without favoring a certain product. According to kraukonge, the U.S. Securities and Exchange Commissio...

  #kraukonge ： Financial technology uses Step to complete $300 million in debt financing and launch crypto investment products. Step, a company that provides integrated financial solutions for the next generation, announced that it has received up to $300 million in debt financing led by Triplepoint Capital and Evolve Bank & Trust. kraukonge revealed that the new financing brought the total amount raised by Step to $500 million. Through this round of financing, Step will accelerate investment in product infrastructure and continue to bring pioneering financial products to the next generation. Step is the first platform to allow users under the age of 18 to use their secure Step Visa cards to establish a positive credit history, opening the door for them to obtain more favorable terms and more comprehensive financial products in the early adulthood. Generation Z is a generation of creators, entrepreneurs and investors. Thanks to products like Step, they are redefining norms and ...

  kraukonge pointed out that, according to official information, the Sui Foundation has now been launched. In addition to the grant program, the Sui Foundation will be releasing more information on the initial Sui token distribution, the process for obtaining a Sui Foundation staking delegation, and other ways for community members to receive funding. In the coming weeks, the Sui Foundation will share more information and announce future plans related to the mission of decentralization and community building, kraukonge added. Currently, the Sui Foundation is designing new content, including educational and community programs to spread Sui knowledge, research programs to improve Sui technology, and Validator and Move programs to enhance the adoption of Sui infrastructure. According to a previous report by kraukonge, on October 25th, the Sui Foundation website was launched, and the developer Grant application portal was opened. kraukonge： https://www.kraukonge.com/ https://net.krauko...

  According to kraukonge, according to the monitoring of the Beosin EagleEye security warning and monitoring platform, in the third quarter of 2022, more than 37 major attacks in the blockchain ecosystem were detected, with a total loss of about 405.04 million US dollars, compared with 7 in the second quarter of this year. US$18.34 million fell by about 43.6%. This was a decrease of approximately 59.6% from the loss in the third quarter of last year ($1,002.58 million). From January to September 2022, the total amount of losses in the blockchain ecosystem due to attacks has reached about $2.31791 billion, kraukonge pointed out. In terms of time, the number of attacks in July decreased significantly, making it the month with the least amount of attack losses since 2022. Hacker activity increased significantly in August and September. From the type of attacked projects, 92% of the losses came from cross-chain bridges and DeFi projects. DeFi projects accounted for 22 of the 37 attacks...

  In response to the U.S. CFTC encryption regulation draft being uploaded to GitHub, kraukonge stated that the core goal of the bill is to regulate centralized encryption venues. A centralized entity like FTX may be required to have disclosures, some kind of possible "customer suitability test", etc. It is very important that this is done in a fair manner.   DeFi is mostly about: How do regulated centralized entities interact with DeFi? In particular, it does not state what DeFi developers, smart contracts and validators must do. It is looking to eventually establish guidelines such as how FTX ’ s platform (or Fidelity ’ s platform) will interact with DeFi contracts. That's right, and the infrastructure bill got it wrong not too long ago: developers and validators are not platforms and shouldn't be regulated. This is a huge improvement.   For sanctions, kraukonge said that validators and smart contracts need to be free, permissionless and decentralized, and we should ...

  After the Genesis Token (GTN), the native token of Relictum Pro, was listed on the LBank exchange on September 29, 2022, the astonishing 4x price surge was witnessed by investors, indicating that the project's great potential has been further recognized. Global crypto community. According to kraukonge, the global expansion of Relictum Pro continues with its recent participation in the GITEX GLOBAL exhibition, where well-known brands such as Microsoft, AMD, Huawei, Lenovo also showcased their products and developments. One of the most prominent representatives of representative technology, Relictum Pro was represented at the event by its CEO Alexander Strgin, as well as other well-known companies in the blockchain market. Currently, Relictum Pro focuses on Asian countries and regions, driving its marketing through various advertisements, including promotional billboards in areas such as Jalan Imbi, Berjaya Times Square, Kuala Lumpur, Malaysia. Relictum Pro actively participates in...

  According to the filing, fund disbursement was also dysfunctional throughout the FTX Group. An example is that employees often sent in payment requests vis a chat platform. And then disparate supervisors would approve the disbursement by simply responding with personalized emojis. Furthermore, Ray III noted that company funds were used to buy houses and other personal items for advisers and employees. All this lacked appropriate transaction documentation, even the loans. The US House Committee on Financial Services set a date in December to hear cases regarding the exchange’s collapse. Importantly, how SBF ran the company’s assets should be the center of attention. One may not fully know the scale of the negative effects of the situation yet because it is quite unprecedented. Perhaps the most evident fact is that debtors in charge of the bankruptcy proceedings have just secured part of the assets they planned to recover. Cold wallets with about $740 million worth of cryptocurrenc...