Cryptocurrency is not a beginner-friendly technology and is known to require new users to learn many concepts and tools. This is not surprising due to its highly technical nature, but users tend to fall prey to cognitive biases as they progress through their cryptocurrency journey. Although this is not necessarily true for everyone, it is not uncommon to see the Dunning-Kruger effect clearly evident in so-called “veterans.”Perhaps the biggest example of cryptocurrency users overestimating their knowledge is their understanding of cryptocurrency wallets. Cryptocurrency wallets may be the most important tool when interacting with cryptocurrencies and blockchain, but most people misunderstand…
Author: Crypto Flexs
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Dogecoin price has recorded significant losses over the past few weeks amid bearish cryptocurrency market sentiment. The digital asset is down 18.65% this month and down more than 13% so far this year. Additionally, Dogecoin fell more than 5% last week due to the market downturn. The total market capitalization of these assets fell to $8.59 billion last day, ranking DOGE 8th.Day After Solana. During the same period, the total transaction volume of digital currency also decreased by more than 18%. economic concerns Dogecoin price has been in the red over the past few weeks due to weak market sentiment,…
Amnesty International Secretary-General Angers Callamar issued a statement on November 27 in response to the opposition of three European Union (EU) member countries to regulation of artificial intelligence (AI) models. France, Germany and Italy have reached an agreement that includes not adopting such stringent regulations for AI-based models, a key component of the EU’s soon-to-be enacted EU AI law. This comes after the EU received several petitions from tech industry players asking regulators not to over-regulate the nascent industry. But Callamard said there was an opportunity for the region to show “international leadership” through strong regulation of AI and that…
Following the news that Binance, the world’s largest cryptocurrency exchange by trading volume, announced the delisting of the Tornado Cash (TORN) token, the value of the token has fallen significantly over time. It is important to note that the market value of TORN, the ruling token of cryptocurrency hybrid protocol Tornado Cash, has fallen sharply by more than 50%. The collapse was particularly severe, with the value of TORN falling from about $4.00 to $1.66, a 57% decline, according to information provided by CoinGecko. This sharp decline coincided with Binance announcing that it would stop accepting TORN deposits on December…
The Bitcoin protocol limits the timestamps of future blocks to be at most two hours greater than the current time. What would be the impact on the Bitcoin network if this time limit was increased to 8 hours?
What is a sniper bot? Sniper bots are automated software programmed to perform specific tasks at predetermined times to ensure accurate market trading, finding application in online auctions, sales, and cryptocurrency trading.In the context of online activity, automated software or scripts that are programmed to perform specific actions at predetermined times are called sniper bots. Sniper bots are often used in the world of online sales and auctions to make purchases or submit bids at the closing moments of a sale or auction, aiming to outbid competitors. These bots are designed to work in the split second before an auction…
The biggest hype word over the past few months has been “SocialFi.” We noticed a trend early on and started collecting airdrop points by referring them to Friend.Tech. Today we have an overview of similar platforms on various blockchains. Are you ready?Let’s dive in. What is SocialFi? Let’s start with the obvious: what exactly is SocialFi? SocialFi combines decentralized finance principles with the social media realm, giving content creators power over their data and enabling direct engagement with their audiences. For simplicity, call it web3 social media or my personal favorite, “I guess it’s just fans for influencers.” Why is…
Hong Kong digital currency trial completed with Visa, HSBC and Hang Seng Hong Kong is one step closer to a central bank digital currency (CBDC) by announcing successful Phase 1 results in collaboration with Visa, HSBC and Hang Seng Bank. In a November 1 announcement, Visa said it had achieved “near real-time” finality through transfers involving tokenized deposits of digital Hong Kong dollars (e-HKD). “Tokenized deposits were burned from the sending bank’s ledger, minted from the receiving bank’s ledger, and simultaneously made interbank settlements through a simulated wholesale CBDC layer,” the payments company wrote. “This will improve liquidity management by…
Ethereum price has been trading more than 50% below its all-time high of $4,800 all year and shows no signs of returning to previous all-time highs. However, this slow trend may not last much longer as cryptocurrency analysts have identified a pattern that could trigger a rebound to previous highs. Ethereum is trapped in a bullish triangle. In an analysis published on TradingView, cryptocurrency analyst FieryTrading identified a unique pattern in which the price of Ethereum has been trading for nearly two years. This pattern was a bullish triangle and lasted for over a year and a half. Looking at…
The price of Litecoin has fallen significantly below $80 and $70 against the US dollar. LTC is attempting a recovery, but upside may be limited above $70. Litecoin is correcting losses incurred at the $56 support zone against the US dollar. The price is currently trading below $70 and the 100 simple moving average (4-hours). There is a major bearish trendline forming on the 4-hours chart of the LTC/USD pair with resistance near $66.00 (data feed from Kraken). The price may recover above $66, but bears may remain active near $70. Litecoin price begins to recover Bitcoin, Ethereum, Litecoin and…