Netflix’s South Korean series Squid Game became a series watched worldwide. The popularity of the knee has prompted scammers, and cryptos related to Squid Game have begun to be issued. Those who buy fake cryptos are now losing their money.
Everyone thought so! What else would explain the maniac rise of the SQUID token, a “play-to-earn” crypto, which, in keeping with the show’s game theme, requires individuals to buy tokens to compete in online games, and earning further tokens subject to their win, from a meager Rs 1,000 to almost Rs 3.45 lakhs, all in less than 100 hours? The crypto zoomed over 2,400 percent in just 24 hours, taking its market capitalisation to 174 million dollars, sky-high for a nascent cryptocurrency like it was. In fact, the coin, which started its pre-sale on October 20, was sold out in a single second!
coinmarketcap.com 11 November 2021
In what can only be described as a textbook case of rug-pull, where developers abandon the project and siphon away all investor funds, the SQUID token nosedived by more than 99 percent, wiping off the entirety of its gains, peaking at as much as 2,861 dollars to crash-diving below 1 dollar in just a few seconds.
This happened shortly after Twitter flagged the official account as suspicious, with just over 7 lakh subscribers as suspicious. Per Coinmarketcap, at the time of writing, the token still has an unverified, self-reported market cap of 1,802,875 dollars, down by almost 99.99 percent. Notably, the whitepaper and the official website of the token have vanished entirely.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Facebook’s well-publicized (and often ridiculed) rebrand brought to the fore MANA, a cryptocurrency most people have never heard of before, resulting in a 462% increase in price over the weekend, with a three-day price increase.
The crypto has since lost some ground and is currently trading at $3.13, according to Coinbase. That’s still a 306% increase from October 27, the day before Facebook announced its rebranding.
MANA is the icon for Decentraland, which describes itself as a metaverse platform that allows users to buy and sell virtual properties. The token runs on the Ethereum blockchain.
Decentraland itself provides a game-like atmosphere where people create virtual lands and others explore them and participate in social games. Visually, it’s no different from Roblox or Second Life.
Using MANA, visitors can purchase “properties” or upgrade to their desired environment. They can also buy and sell items for use in the virtual world and list their properties for sale. (Prices range from 30,000 MANA to 1 million.)
Facebook’s big bet on the metaverse has sparked interest in many companies focused on this space. Decentraland works a little differently in the virtual world than Facebook expects, but focuses on user-generated content that enables people to make money for themselves, rather than walled gardens that can enrich companies.
MANA isn’t the only cryptocurrency that has seen a surge since Facebook changed its name. Another virtual world, Sandbox’s token SAND, rose 176% to over $2 on Monday from 74¢ on October 27. (At this weekend’s peak, SAND was up 218% at $2.35.)
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Layer-2 Cardano “a necessity” as Hoskinson predicts a huge spike in network traffic.
Cardano founder Charles Hoskinson describes Hydra as a “high commercial priority” due to the expected increase in traffic scale in the coming months. Especially in the near term, when projects in Africa start to spread.
He added that research on Hydra is currently ongoing. However, generally speaking, things are getting “closer” to a (version) “1.0”. Hydra is a layer 2 scaling solution that can theoretically deliver speeds up to 1 million transactions per second (TPS).
Speaking from Ethiopia, Hoskinson hosted an AMA at the weekend. As usual, it was filled with a wide variety of topics, including points about the ERC-20 converter and a brief mention of a possible deal in Egypt.
However, of more interest was talk of Hydra, Cardano’s tier 2 solution. Hoskinson said the IOHK team is busy working on it right now. He also said that they are considering recruiting other parties to accelerate its development from a commercial perspective.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Charles Hoskinson, CEO of IOHK and founder of Cardana, visited Africa where he met with business people and politicians to discuss the integration of their blockchain network in Ethiopia.
Hoskinson also visited the Ethiopian Ministry of Education as part of the “Cardano Africa Tour” to explore student credentials with the country’s authorities.
The credential system aimed to reprocess the academic records of 5 million students by adding information such as attendance and grades to the blockchain to collect data and provide a digital identity system.
Hoskinson said this is the first phase of the program. Then the goal is to use this as a springboard to start a national identity system in the country. This will increase the number of users to 110 million.
Cardano is creating excitement on the global stage. According to the Project Management Institute (PMI), the Cardano Atala Prism project in Ethiopia was ranked 14th among the 50 most influential projects in 2021.
PMI has identified the project as a gamechanger that has the potential to improve the educational outcomes of Ethiopian students.
Opposition to the project initially prevailed in government, according to John O’Conner, director of Africa operations. But the government has come to realize that digital identity and blockchain technology are not the burden as originally thought.
O’Conner said the Atala Prism enables governments to fulfill their documentation management responsibilities as they move towards greater digitization.
Cardano crypto Africa
Why does Cardano want to go to Africa? Many people question Cardan’s presence in Africa. However, Hoskinson sees great potential and many possible partnerships in this region.
More precisely, IOHK has commented on this on its blog. The article states that Africa “is by no means faithful to the systems of the past that have not worked well here”. So all the infrastructure is in place when it comes to implementing better and more equitable ways of doing business.
IOHK wants to ride the wave of progress as Africa is clearly gaining more and more space on the global stage.
Other visits as part of “Cardano Africa Tour” As part of the tour, Hoskinson visited Burundi, South Africa and many other countries where he met with presidents and businessmen to discuss the future of their country where digitalization based on blockchain innovation should prevail.
Hoskinson also plans to visit Ghana, Nigeria, Kenya and Egypt.
Cardano crypto Africa
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Binance suspended all bitcoin and crypto withdrawals in the early hours of Monday (01) due to a technical glitch.
The announcement was made at 08:37 on the company’s official Twitter profile. After about 20 minutes, the exchange announced that the situation was back to normal and withdrawals could be made again very soon.
Binance founder Changpeng “CZ” Zhao also said on Twitter that the team is working to resolve the issue and users’ funds are safe.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Fraudsters impersonating Tesla CEO Elon Musk were found to have stolen $62,654 worth of Bitcoin from a victim. Cryptocurrency monitoring service Whale Alert reported the theft.
Users who impersonate a famous name often ask users to send cryptocurrencies with YouTube ads, promising to get double the refund in return.
Among the people these scammers love to impersonate the most are Elon Musk, who is very popular in the cryptocurrency market, Vitalik Buterin, the founder of Ethereum, and Charles Hoskinson, the founder of Cardano.
source: investing.com
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Cadalabs, CALA Token Phase 2, CALA Token Pre-sale in progress
The Cadalabs team would like to thank their supporters for the unwavering support they have received since the project was announced to the public. As we have successfully completed the first phase of the pre-sale, we are officially announcing the start of the second phase right away.
We congratulate all our investors who trust us with their hard-earned money and ask you to continue to support our growth and development.
Finally, we are announcing that the distribution of Cala tokens to tier 1 participants begins immediately, as Phase 1 ends on November 1, 2021.
CALA Tokens Stage 2 Pre-Sale Procedure
Cadalabs will have a total of 10 million CALA tokens for sale at this stage at a very affordable price of 0.25 ADA per token. The minimum tokens you can buy is 300 ADA and the maximum tokens that can be purchased is 15000 ADA.
This is to allow anyone to actively participate in the Cadalabs token during this Pre-Sale phase before it enters the Exchanges after the pre-sale. In addition, there will be an extra bonus reward for tokens purchased at each stage. Pre-Sale phase 2 has a 5% bonus for three days from November 1st to November 3.
Cadalabs is also preparing to launch the Cadalabs NFT Marketplace at the end of the pre-sale exercise to show the community a working business plan.
Characteristics of the Cadalabs Ecosystem
Created for digital creators: CADALAB builds a bridge between traditional art creators and Blockchain technology.
Ease of use: the CADALAB ecosystem allows any creative person to It will be completely user friendly so that it can create and sell its NFT * CADALAB DEX: Decentralized automatic exchange designed between any currency.
Stake & Earn (coming soon): With CADALAB, users will also be able to stake and earn rewards.
Optimized for Scalability: The Cadalabs Ecosystem will be simple and transparent, providing users with security at all times.
Cadalabs Native Symbol (CALA) Utility
Tokens will be available in staked and unstacked forms. Staked tokens will provide users with platform functionality.
By empowering the Democratic Autonomous Platform (DAP), it enables users to participate in corporate decisions and shape the product roadmap.
Allow owners to purchase physical and virtual goods, content and services in a decentralized marketplace.
Reward digital content creators who produce measurable value, determined by community consensus.
Share ad revenue with users who choose to see ads. By buying more coins, users can earn a larger portion of the revenue they generate.
CADALABS Pre-Sale Contributor Benefits
Cadalabs pre-sale participants will receive a special badge attached to their username on the Cadalabs Platform. First movers’ plans have been made, and this advantage is essential when it comes to social networks, and the project team is working hard to see investors participating in the pre-sale stand out as early adopters. The badges mentioned earlier will be used as verification badges; this will make it easier to spot early investors and ultimately build a better reputation on the Cadalabs platform.
Cadalabs investors participating in the pre-sale are Cadalabs market makers and liquidity providers, they are eligible to receive liquidity incentives from every transaction made on the Cadalabs platform.
Cadalabs pre-sale investors will enjoy the privilege of being the first group of users to experience the amazing Beta platform that is nearing completion.
How to Participate in Stage 2 – Pre-Sale of CALA Tokens
The CALA Token Pre-Sale continues for interested investors and the public to buy and become early Adopters: https://cadalabs.io/presale/
About Kadalabs
CADALABS is a community-driven NFT DeFi platform that creates an NFT Mint Dapp on the Cardano Network to enable digital art collectors to print their works NFT and connect with vendors to trade seamlessly in the future.
The CADALAB team developed the utility token $CALA Token, which enables the community to engage in governance issues. Also, by holding the CALA token, users can manage creators, vote on proposals, share their tokens to earn and curate featured artworks. The CADALAB protocol aims to further enter the token industry and in the process help digital content creators, artists and art collectors meet on a digital platform.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Cardano founder said that hydra will handle future traffic on Cardano Blockchain. In the most recent “Ask me anything” session, Charles Hoskinson shared his upcoming development work on the Cardano Blockchain network.
Charles Hoskinson, CEO of IOHK Global team & founder of Cardano, revealed on YouTube in the last AMA session. However, he did not live from his native Colorado. He aired the AMA session directly from Ethiopia as he was in Ethiopia as part of the Cardano Africa Tour.
Through the live session, Charles Hoskinson shared information about the many development work in Cardano, especially the necessity of Hydra for Cardano.
Above all, he appreciated the enabled “ERC-20 converter tool” bridge between Ethereum and Cardano to enable ERC-20 token users to take advantage of transacting on Cardano Blockchain with very low fees.
In addition, Charles Hoskinson said that the large crypto adoption traffic of transactions is increasing rapidly and will be at a high level in the future. The latest Alonzo upgrade that enables Hydra is a huge need for the Cardano blockchain.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Burundi: Visit of HOSKINSON Charles, co-creator of ETHEREUM and creator of CARDANO – ADA. Head of Burundi HE NDAYISHIMIYE Evariste (Major General), co-creator of ETHEREUM (2nd most important decentralized cryptocurrency after BITCOIN) and his team received a visit with Mr. HOSKINSON Charles and creator of the ADA digital currency. To be an internal cryptocurrency of CARDANO (Swiss-based Multinational, 60 billion USD Capital). Explaining that he wants to help Burundi digitize its public service; Empowering Barundi women and youth; and financing Burundi small and medium enterprises.
Cryptocurrency is a currency linked to a financial practice born in the wake of the global financial crisis – the banking crisis – in 2008. Ultra-capitalist neoliberals are infuriated to lose a lot of money with traditional capitalism subordinated to the Central Bank (the bank of all central banks based in Switzerland). ), they have now decided to lend money to each other, bypassing the Bank. Thus, Bitcoin and many other digital currencies will be born. In short, individuals fund each other with digital currency using blockchain, the revolutionary technology of a digital ledger, to establish trust.
Ingoma Y’Uburund i, a millennial African kingdom traditionally finances itself with production run by Bahutu Barundi [http://bdiagnews.com/hutu]. Ingoma Y’Uburundi doesn’t need banks. As the pillar of the capitalist project (see Colonization, Slavery) linked to the market economy, the introduction of the Bank began under Belgian colonization in Burundi in 1960, 2 years after independence. It became the Bank of the Kingdom of Burundi (BRB) in 1964 and ended with the Bank of the Republic of Burundi (BRB). As the bank was incompatible with the existence of Bahutu Barundi in 1972, the latter suffered a genocide: the 1972 genocide against the Burundi Bahutu [http://bdiagnews.com/genocide.htm ; https://bdiagnews.com/genocide-contre-les-hutu-du-burundi-en-1972/ ]. Produced by the neocolonial ALLIANCE (USA, VATICAN, France, Belgium and BAHIMA BARUNDI).
From colonization (crime against humanity) to the present, the financing of Burundi’s planning (all national policies) is carried out through BRB Bank, which is affiliated to the Swiss-based Central Bank.
HOSKINSON Charles, the American ultra-capitalist neoliberal, wants to offer Barundi an alternative to BRB using the open-source blockchain CARDAN and the digital currency (or cryptocurrency) ADA. But this digital currency requires Burundi to reach the electric and internet industrial revolutions. Which is not like that. Except for a privileged Barundi class, of course…
source: https://burundi-agnews.org/
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
High assurance is paramount when developing and working with smart contracts. You want to be confident that the source code is of a high quality, that the contract is secure and will behave as it should, and that it utilizes good properties and behaviors in the process. Certification ensures that security checks are performed prior to any deployment, and that smart contracts can be continually audited as they are updated. It provides benefits to both smart contract developers and end users, helping protect user funds and project reputations alike from coding errors or exploits.
At September’s Cardano Summit 2021, we laid out our plans on the introduction of new levels of certification for decentralized applications (DApps) running on Cardano. This certification program will provide levels of quality for DApps and their internal smart contacts.
This initiative has been led by Professor Simon Thompson, technical project director at IOG, and Shruti Appiah, head of product at IOG. It will help us comply with the best practices we’ve seen around the industry. We are working with Runtime Verification, Tweag, Well Typed, Certik, and others to roll out this new certification program that will link in with the new dAppStore, also unveiled in prototype form at the summit. This will be released in conjunction with the new light wallet.
What are the different certification levels?
There are three levels of certification, each of which is complementary to the others, rather than being progressive in terms of assurance and auditing purposes.
Level one: Automated tooling
This certification level gives continual assurance about a range of properties for smart contracts. It covers the discovery of different types of issues or bugs and is characterized as low cost, low effort, accessible to everyone while providing a substantial level of assurance.
It can be applied repeatedly and automatically, so each time there is a release or a sub-release of an application, we can test to ensure that the application still has the properties that we expect.
Level two: In-depth audit
This level involves looking at the technology and processes that led to it being produced. It is characterized by the fact that it involves a manual audit and verification of smart contracts within the DApp itself.
The testing is performed at a much more in-depth level and involves more manual effort that can address a DApp in its entirety, even if it is written in a variety of languages.
Level three: Formal verification
This level is more specialized where we aim to provide full assurance of critical aspects of applications through formal verification of smart contracts. Formal verification involves ensuring that a smart contract serves the specific business or technical requirements defined at the outset.
What kind of assurance can we expect?
Certification will ensure the correctness, compliance, and consistency of requirements by both application developers and auditors. It will also guarantee the absence of common security vulnerabilities and provide a level of robustness, reliability, and maintenance of DApps deployed on Cardano. While certification will be strongly encouraged and the store curated accordingly, it will not however be mandatory or act as any kind of ‘gatekeeper’ thus maintaining a balance between the need for user assurance and decentralized principles.
By auditing the specifications and design and ideation phases, you can present evidence to the community and guarantee that things will work as expected. This evidence includes documentation of requirements to a detailed level, thereby creating a reference point for the future.
Certification status in the dAppStore
We plan to integrate this certification with the new dAppStore that we are building to provide cryptographically secure non-fungible tokens (NFTs) that give evidence of the levels of certification that we will guarantee. The dAppStore will be part of a light wallet that IO is developing, and users will be able to access the light wallet and dAppStore using a web browser, and in the store to view the certification status of each DApp as they browse through the categories and individual applications. Making the relevant certification status visible to users during the selection process will offer reassurance on quality and safety for users in their choice of DApps.
What is next for certification?
Professor Thompson says: We want to build support from the industry for emerging standards of certification. In the longer term, we will work with our partners and others to articulate best practices, which may involve forming an umbrella industry body to define new standards and practices for this domain.
We also plan to work with our ecosystem of partners to support certification of the first DApps on Cardano; one of a number of DEXs looking to launch on Cardano this year SundaeSwap also announced their plans at the summit to certify.
It is still early days. There are some technical challenges that we are busy working through about how we support versioning of DApps, how they will be packaged, and how to make them available to automated tooling. However, we are very excited about this journey with our partners and the general community to deliver a secure platform and applications built on top of it.
To learn even more about certification levels, and meet some of the partners on the program, make sure you watch the certification session from the Cardano summit.
source: cardano.org
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
