ceτi AI, a pioneering decentralized artificial intelligence infrastructure provider, is thrilled to announce the successful launch of its CETI token. Founded by a team of visionaries led by Dennis Jarvis (formerly of Bitcoin.com and Apple), ceτi AI is on a mission to democratize access to AI by building a globally distributed, high-performance, intelligent, and scalable […]
Bitcoin News
Aleksandr Li: Understanding Pik-Swap and the Hybrid Decentralized Wager Platform
N-PIK is an online gambling platform that utilizes its own PIK token, PLYP token to enable players to join raffles, as well as a comprehensive token-based economy to allow players to bet, wager, and win in the best games of skill and chance. The ecosystem’s platforms are already licensed in Uganda and Kenya. Li Aleksandr […]
Bitcoin News
ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero
The European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that bitcoin’s fair value is still zero and bitcoin transactions are “still inconvenient, slow, and costly.” Moreover, they asserted that […]
Bitcoin News
Lumerin Announces New Integration With Portal DEX for Decentralized Bitcoin Mining and Cross-Chain Hashpower Trading
PRESS RELEASE. CHICAGO – Feb 22, 2024 – Lumerin, a decentralized Hashpower Marketplace built on Arbitrum that has built technology to make Bitcoin hashrate a liquid asset allowing for global access to peer-to-peer, decentralized hashrate trading, today announced a new integration with Portal, the first trust minimized, cross-chain swaps that involve no bridges, custody or […]
Bitcoin News
Decentralized Money Market Protocol Aave Joins BNB Chain’s Defi Landscape
On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of .571 billion, Aave is now active across 13 blockchains in total. Aave Goes Live on BNB Chain The […]
Bitcoin News
MINAR: Revolutionizing Gaming with Decentralized Mining and NFT Integration
PRESS RELEASE. Istanbul, Feb 5th, 2024 – Today, the gaming world stands on the brink of a transformative evolution as MINAR a pioneering project by Miner Arena, unveils a revolutionary gaming experience that combines decentralized mining with NFT integration. This groundbreaking venture is set to redefine the relationship between gamers, in-game economies, and blockchain technology.
Key Features:
- Decentralized Mining Ecosystem: MINAR introduces a decentralized mining ecosystem, allowing players to mine not just in-game assets but an array of digital currencies through an innovative and inclusive mining protocol.
- NFT Integration and Marketplace: Embracing the power of non-fungible tokens (NFTs), MINAR empowers players to truly own their in-game assets. A dedicated NFT marketplace within the game enables players to buy, sell, and trade unique items securely.
- Play-to-Earn Mechanism: Gone are the days of in-game achievements having no real-world value. MINAR pioneers a play-to-earn mechanism, where players can convert their gaming prowess into tangible rewards, creating a dynamic and rewarding gaming ecosystem.
- AI-Driven Gaming Assistance: Minerarena’s in-game ai technology is a form of artificial intelligence that learns the player profile rather than an assistant and constantly prepares its movements and battle tactics accordingly, so the in-game monsters you will encounter 6 months later will be much smarter and stronger than 6 months ago.
- Multi-Currency Support: MINAR’s unique mining algorithm supports multiple digital currencies, offering players a diverse range of assets to accumulate and trade within and beyond the game environment.
- Unreal Engine Graphics Excellence: Powered by Unreal Engine, MINAR promises unparalleled graphics and immersive gameplay, setting a new standard for visual excellence in the gaming industry.
- Community Events and Competitions: MINAR fosters a vibrant community with regular events and competitions. Engage in epic battles, strategic collaborations, and experience the thrill of communal achievements.
Miner Arena CEO, Mr. Can KURT, asserts, “MINAR transcends mere gaming currency; it is an ecosystem affording opportunities to engage in other games using the earnings derived from this platform. This represents a revolutionary shift in our understanding of gaming and blockchain technology. We take pride in introducing a platform that not only provides entertainment but also empowers players in unprecedented ways.”
About Miner Arena
MINAR is at the forefront of innovation in the gaming industry, dedicated to creating immersive and groundbreaking gaming experiences. MINAR is a testament to our commitment to pushing the boundaries of what is possible in interactive entertainment. Minar token is currently listed on Mexc Global and Bitmart crypto exchanges. MINAR token, which we will start to see in more T1 crypto exchange in the future, is preparing to take a serious place in the GAMEFI sector. Announcing that great news will come soon for MINAR investors, the project team announced that they will launch strong global marketing and establish partnerships with strong projects in the coming days.
For media inquiries, please contact:
Can KURT – CEO of Minerarena Project
Follow MINAR on Social Media:
https://twitter.com/minerarena
https://www.youtube.com/@minerarena
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
In the Future All Crypto Exchanges Will Become Decentralized – Justin Sun, Founder of Tron and Advisor to HTX
In our latest podcast episode, we were delighted to host Justin Sun, the founder of Tron and advisor to HTX. Justin offered his valuable insights on a variety of topics. He began with discussing the implications of the US Bitcoin ETF approval on the crypto industry. The conversation then moved to the ongoing debate between decentralized and centralized exchanges, emphasizing the crucial role of transparency and decentralization in cryptocurrency platforms. Justin further illuminated the concept of democratic governance for cryptocurrency exchanges. The episode concluded with a discussion on the emergence of new governance platforms, with HTX DAO serving as a prime example.
The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.
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Decentralized Exchanges Near Trillion-Dollar Milestone: A Year of Record Volumes
Per data analysis, decentralized exchange (dex) platforms nearly reached a trillion dollars in trading volume, posting 0.69 billion over the past year. Moreover, dex activity in December exceeded the previous 2023 high of 2.26 billion, concluding the month with 5.86 billion in finalized swaps.
Dex Platforms Rise to Near Trillion-Dollar Trading Volume in 2023
In the early days, dex platforms held a minor presence, yet they have surged as market leaders compared to the colossal centralized exchanges in recent years. Archived defillama.com data shows dex platforms recorded .4 billion in global trade volume in the last 24 hours.
Over the preceding week, these platforms have seen an 11% decrease in volume from the prior week, amounting to .83 billion in swaps. Currently, the foremost decentralized exchanges, based on a seven-day trading volume, are Uniswap, Pancakeswap, Orca, Curve Finance, and Thorchain.
December turned out to be the biggest month for dex trading protocols as 5.86 billion in swaps were recorded. This figure outpaced the prior record volume in March 2023 which saw 2.26 billion and the .40 billion recorded in November.
September turned out to be the lowest trading volume for dex platforms with only .36 billion recorded. The volumes this week indicate the high volume from December may continue to flow into the new year.
In terms of total value locked (TVL) Uniswap leads with .76 billion, Pancakeswap with .65 billion, Curve with .62 billion, Balancer with 4.85 million, and GMX with 9 million. With December’s record-breaking volume and the fluctuating weekly trade figures, dex platforms are not just challenging but reshaping the crypto economy.
As traders navigate through these digital waters, the trajectory of dexes will be a critical barometer for the evolving world of crypto trading over the next 12 months. Likewise, while considerably lesser in magnitude, dex protocol volumes mirrored the trends observed in centralized exchange volumes, with December, March, and November emerging as the peak months for activity in 2023.
While decentralized exchanges tallied 0 billion in the previous year, centralized exchange (cex) platforms hit .1 trillion in December alone. Monthly supremacy shows Binance at the forefront of cex trading volume, whereas Uniswap takes the lead in dex dominance each month.
What do you think about the dex trading volumes over the past year and December’s record volume? Share your thoughts and opinions about this subject in the comments section below.
Man Fingered in the July 2022 Hack on 2 Decentralized Exchanges Pleads Guilty to Computer Fraud
U.S. Attorney for the Southern District of New York announced on Dec. 14 that Shakeeb Ahmed, a man accused of hacking two decentralized crypto exchanges, had pleaded guilty to the charge of computer fraud. Ahmed is said to have attempted to cover his tracks by using overseas crypto exchanges and swapping the stolen assets with the privacy coin monero.
Hacker Demands Larger ‘Bounty’
Shakeeb Ahmed, the man publicly charged with the hack of an unnamed decentralized crypto exchange, recently pleaded guilty to computer fraud and has agreed to forfeit over .3 million. Damian Williams, the U.S. Attorney for the Southern District of New York, has said that Ahmed also admitted to being the individual behind the July 2022 hacking of the decentralized finance (defi) protocol Nirvana Finance.
In a statement released on Dec. 14, 2023, Williams said Ahmed, a senior security engineer, has agreed to return the stolen crypto to his victims. Chronicling Ahmed’s July 2-3 attack on the decentralized platform, the U.S. Attorney said the security engineer exploited a vulnerability in one of the platform’s smart contracts. This step enabled Ahmed to insert fake pricing data and this ultimately helped to generate approximately million worth of inflated fees.
According to the statement, Ahmed later reached out to the platform and an agreement was reached in which he would return all but .5 million worth of digital assets. The agreement was, however, conditioned on the matter not being referred to law enforcement.
On July 28, Ahmed also perpetrated an attack on Nirvana Finance which saw him earn a profit of .6 million. To resolve the matter, Nirvana Finance offered Ahmed a reward or “bug bounty” of 0,000 if he returned the stolen assets. However, according to the statement, Ahmed demanded .4 million instead.
Crypto Mixers Not Effective Anymore
After the attacks, Ahmed attempted to cover his tracks by using overseas crypto exchanges and swapping the stolen assets with the privacy coin monero. However, Williams is quoted in the statement suggesting that such efforts had been proven to be ineffective.
“In total, Ahmed used his technical know-how to steal over million and tried to cover his tracks by swapping stolen crypto for monero, using cryptocurrency mixers, hopping across blockchains, and utilizing overseas crypto exchanges. Today’s conviction shows that no matter how sophisticated the methods used, fraud is fraud, and we will swiftly catch and convict you,” Williams said.
In addition to attempting to cover his tracks, Ahmed’s web search history just days after the hack suggested that he was planning to flee the United States. Meanwhile, according to the statement, Ahmed is set to be sentenced by U.S. Judge Victor Marrero on March 13, 2024.
What are your thoughts on this story? Let us know what you think in the comments section below.
Tau Net Paves The Way To Decentralized AGI with its Executable Specifications
Tau Net, a gamechanger in blockchain & AI innovation since its 2015 inception, is redefining the landscape with its Software as Sentences advanced formal methods approach. This project, long admired for its dedication within the community, aims to steer the world towards a transparent and collaborative decentralized AI.
Introducing Tau Net
Tau Net is a groundbreaking blockchain network that holds significant promise for building decentralized AI, where the combination of knowledge in a way that deduces new facts and even scientific breakthroughs, alongside its solving of decentralized development, is the fastest path to Decentralized Artificial General Intelligence (AGI). Tau Net redefines software and ultimately blockchain development with its innovative Software as Sentences complete formal specification method, very much unlike other blockchain networks that rely on code, and in some cases, e.g. Cardano, use formal verification.
A New Paradigm: Software as Sentences
Software as Sentences is Tau Net’s novel development approach that allows its entire user base to give software requirements in simple, logical sentences. These formal specifications are executable, so the desired description of the software works as the software itself.
Tau Net pulls ahead of every other blockchain in two ways. Firstly, It’s entire system is developed using its advanced formal specification method, meaning that development is rigorous, entirely bug-free and correct-by-construction, so its software will always be correct and aligned, according to the users requirements. Secondly, development is rapid, as all users collaboratively build Tau Net together, allowing multiple users to work on the same part of Tau Net at scale with zero bottlenecks with integrations.
Executable Formal Specifications: The Elegant Engine in Tau Net
Tau Net logically detects the agreements and disagreements between its entire user base. What agreement means is also user defined within its system, it allows for Tau Net to be governed in different ways for different parts of the system, it’s all rule based. As the “agreed” software specification works as software itself, Tau Net puts its own update as the next block in its blockchain, and users continuously evolve it from block to block.
Collective Intelligence: Rapid Global Knowledge Aggregation
Tau Net logically connects and reasons over all pieces of knowledge contributed by its users into its evolving Knowledgebase. This vast potential allows users to discover solutions to complex problems, and even distribute, monetize and automatically integrate their knowledge into smart contracts.
Tau Net is the fastest road to Decentralized AGI by accelerating the aggregation of human knowledge in a way that new facts are instantly discovered and reasoned over, while giving control of that knowledge to its entire user base.
Smarter Contracts & DAOs: Driving Transparent AGI on Tau Net
Smart contracts and Decentralized Autonomous Organizations (DAOs) are better on Tau Net, as they don’t rely on traditional coding complexities that limit their potential, and instead use simple written descriptions of exactly what you want. As these descriptions are executable, your desires are machine accessible, enabling Tau Net to act as your personal smart broker, creating and executing smart contracts for you automatically in its marketplace, interacting with people and other smart agents autonomously.
DAOs go on further, allowing you to create networks of knowledge, assets and computer resources with anyone on Tau Net, yielding a whole new sense of empowerment, discovery and creativity in an autonomous manner.
The Future of Software is Specified
Tau Net’s innovative Software as Sentences approach, grounded in formal specifications, is set to significantly enhance blockchain development. By transforming complex coding into clear, understandable language, it not only democratizes blockchain technology but also paves the way for the aggregation of the vast knowledge necessary for AGI.
This method ensures that every step in the development process is transparent and correct, essential for building trust in these advanced systems. Tau Net’s approach marks a pivotal shift in how we develop and interact with blockchain and AI technologies, moving us closer to the realization of truly intelligent, transparent, and reliable decentralized systems.
Shaping Agoras: User-Driven Tokenomics on Tau Net
Tau Net introduces user-controlled tokenomics, allowing its community to shape the economic model of its native currency, Agoras ($AGRS). This feature enables users to propose and agree on the token’s dynamics. For instance, if users like Joe, Jane, and Alex agree on a deflationary approach, Tau Net’s AI assimilates this consensus. It’s able to implement changes such as burning 50% of transaction fees for deflation and rewarding active users by redistributing the remaining fees. This approach exemplifies Tau Net’s commitment to an adaptable economic system that’s genuinely user-driven.
The Road to Decentralized AGI
Tau Net, with its unique take on software development and its emphasis on clarity, transparency, and collaboration, is poised to make significant waves in blockchain. It’s a scientific and engineering breakthrough spanning artificial intelligence and software development itself, built by the best minds in these key areas.
Tau Net extends an invitation to every blockchain, AI and tech nerd. Get involved, as Tau Net will need the knowledge necessary for real AGI, be a part of this breakthrough. Your voice, like every sentence on Tau Net, counts.
Visit the Tau Net website to learn more about the project. Join the Tau community discussions on Telegram
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