Category Archives: Cryptocurrency

One of the areas of the international banking business that is expanding the fastest is cryptocurrency. Cryptocurrencies have emerged as the next big thing in the finance sector, even though several nations have outright banned some or all of these currencies.

There are many different reasons why people invest in cryptocurrencies. Some users make long-term cryptocurrency investments. Cryptocurrency is seen as a quick-hit investment by certain people.

The world of altcoins is expanding steadily in the realm of cryptocurrency stocks. Following in the footsteps of the original cryptocurrency coin, Bitcoin, which debuted in 2009, altcoins have attempted and successfully developed a variety of blockchain platforms and products that have matched those of Bitcoin.

Altcoins are different from Bitcoin; instead, they are digital coins on the market. The term altcoin refers to any cryptocurrency coin listed on the cryptocurrency market that is not Bitcoin.

The variety of choices in the cryptocurrency realm is due to altcoins. There are tens of thousands of alternative coins listed on the cryptocurrency stock market, each with its environment, purpose, and set of features for solving problems.

A large number of altcoin initiatives dominate the list of cryptocurrency stocks in the market. Among them are Ethereum (Ethereum), Solana (SOL), Ripple (XRP), and many others.

In addition, many emerging cryptocurrency alternatives have the potential to rival these leading cryptocurrency projects. This article highlights one of them, Runfy Token (RUNF), in comparison with Solana (SOL)

To modify how users generally engage with blockchains like Ethereum, a major cryptocurrency exchange named Solana hit the market.

Solanas open-source project uses a new layer-1 blockchain that is extremely fast and doesnt require authorization. It is also quite helpful. Solana was created to solve the blockchain trilemma, providing a decentralised blockchain and a speedy and secure transaction each time it is used.

The installation of smart contracts and the creation of decentralised applications are made possible by Solanas third-generation blockchain technology (DApp).

The cryptocurrency used by the Solana system is called SOL. The utility token and native token were first launched in March 2020.

Based on overall market valuation, it is one of the top 10 crypto coins. With SOL, customers can access a staking-based method of exchanging security and value. Granting users governance privileges also makes use of Solanas token.

As blockchain technology has permeated various sectors, including the health and fitness industries, new cryptocurrency projects have emerged to promote and improve fitness for multiple people.

Security and dependability, increased data privacy, eliminating middlemen, and gamificationthe most stimulating elementare just a few advantages of the interwoven relationship between blockchain technology and the fitness sector.

The Runfy Token ecosystem is a platform that users may use to control their health and fitness and is driven by the community.

Runfy Token advertises all health and fitness-related material and provides users with the opportunity to earn bitcoin.

A way of living that also offers an app with cutting-edge features to increase user adoption, such as in-app awards, coaching, step monitoring, and many others, is the Runfy Token ecosystem.

The Runfy token, RUNF, controls the Runfy ecosystem. The RUNF token is a utility token that was created on the Binance Smart Chain, which offers reduced transaction fees. With the help of the RUNF token, users may earn cryptocurrency while staying healthy and fit.

Join Runfy Token (RUNF)s Presale:

Presale: http://go.runfytoken.io/Website: http://runfytoken.io/Telegram: https://t.me/RunfyTokenOfficial

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Is Runfy Token The Next Cryptocurrency to Explode in 2022 like Solana? | Bitcoinist.com - Bitcoinist

Since their creation, cryptocurrencies like HachiFi have drawn far greater acceptability than the conventional financial market due to various usage-related factors. It has been a while since the previous banking system was implemented, and just a few minor changes have been made in response to customer requests for a better user experience. Despite all of this, there are still unique issues with traditional money, which is why the cryptocurrency marketwhere projects like Bitcoin are foundwas established.

The concentration of the traditional finance industry is one of these issues. Coin exchanges using Bitcoin are involved in this. Numerous consumers feel more comfortable and more likely to participate in this industry because of the decentralisation of the bitcoin market and efforts like Bitcoin.

The protection against inflation is a further advantage that attracts investors to cryptocurrencies like Bitcoin. In economics, the term inflation indicates the slow loss of a currencys ability to buy goods and services. It measures how quickly the cost of goods and services are rising in a specific economy. A central financial body in a centralised system will utilise inflation to determine how much a countrys cost of goods and services has climbed. Inflation can only occur in decentralised systems. But not just one particular corporation measures it; the entire market does.

Despite the erratic nature of bitcoin price, the market outperforms the traditional market in terms of inflation. One of the main benefits of cryptocurrencies like Bitcoin, in addition to their unique pricing, is their capacity to serve as an inflation hedge. Cryptocurrency prices give investment funds a safety net against any inflation they might run into in the conventional banking business, even though they dont altogether avoid it. There is an excellent desire for investment for cryptocurrencies like Bitcoin with low inflation rates. The two anti-inflation crypto schemes that will inevitably be deflationary are this articles main topic. They are Bitcoin (BTC) and HachiFi (HACH).

The first cryptocurrency to be utilised in the blockchain industry was Bitcoin. Since its untraceable launch in 2009, Bitcoin has significantly influenced market developments. Bitcoin has been at the top regarding market value, users, investments, and popularity. Bitcoin was developed to prevent centralised governments from controlling the flow of money.

BTC is a decentralised digital currency that enables users to transact, swap, and buy directly with one another without the need for an intermediary. Bitcoins volatility does not preclude it from being a legitimate investment option because more than 19 million exist. You have to mine BTC to get it. Adding a new transaction to the Bitcoin blockchain is done through mining. The transaction is verified in this stage using the proof-of-work mechanism. Due to the difficulty of their work, these miners are rewarded in Bitcoin.

HachiFi (HACH) is a decentralised layer-3 platform with applications in NFTs, Metaverse spaces, and Defi that aims to maximise the benefits of decentralised finance and the cryptocurrency market in general. The HachiFi ecosystem is gaining popularity over time. Users can access various passive income-generating options through HachiFi, which will also expand and improve blockchain security and Defi accessibility.

The Hachi token is in charge of running the HachiFi ecosystem. Memecoin is not this Hachi token. Its the primary utility token. The Hachi coin was developed by providing access to global financial prospects. This currency has many applications and has legitimacy worldwide. You can gain from the presale bonus by purchasing Hachi using ETH and gain 22%.

Presale: http://signpup.hachifi.com/

Website: http://hachifi.com/

Telegram: https://t.me/HachiFiOfficial

Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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Anti-inflation cryptocurrency to invest in 2022- Bitcoin and HachiFi - The Coin Republic

Meme coins have created a niche for themselves in the cryptocurrency market. Daring traders adore digital assets like Dogecoin (DOGE) for their potential to produce sporadic gains. Although, they are considered to be highly prone to enormous price volatility. Meme coins change in value depending on the market interest. They are based on endorsements, community activities, excitement, and FOMO.

The rapidly expanding meme coin project is an example of how online communities can work together to construct decentralized stores of wealth and trade platforms based on agreements facilitated by blockchain technology.

Meme coins are a way for online communities to enter the cryptocurrency market by capitalizing on well-known memes. Meme coins are community-based projects that enable users to receive token rewards and gain knowledge about cryptocurrencies while mining, making transactions, completing offers, or holding tokens.

The success of top meme projects gave the starting point for new initiatives like the new era meme coin, Pugglit Inu (PUGT), to identify and address issues within the ecosystem.

Dogecoin (DOGE), the largest meme coin, was launched on its blockchain, providing a face to coins with a dog character. Billy Markus and Jackson Palmer, two software developers, created Dogecoin in 2013 to create a quicker but more entertaining version of Bitcoin.

Dogecoin was created as a parody of the several scam cryptocurrency coins in circulation and was inspired by a Shiba Inu meme that first surfaced several years back. It garnered media attention when Dogecoin reached the top ten crypto coins in 2021 and gave holders massive profits in a single year. Dogecoin has stayed at the top ever since, mainly because of the Dogecoin community that follows it.

Dogecoin is an open-source cryptocurrency that uses a proof-of-work consensus algorithm to achieve its goals. Elon Musk, the founder of Tesla, tweeted a couple of times endorsing cryptocurrency, which caused it to skyrocket. His business recognizes Dogecoin in exchange for Tesla goods. Dogecoin has been at the receiving end of multiple celebrity endorsements. Dogecoin is the most popular meme coin in existence and a lot of people want to be associated with it. Dogecoin will continue to dominate the market for years to come if celebrities continue endorsing it and the community continues the hype.

Dogecoins main rival, Shiba Inu (SHIB), was released and built on the Ethereum blockchain as a cryptocurrency in August 2020. The Shiba Inu token, SHIB, is a decentralized network that offers traders the chance to gain benefits from taking part in its community. In the ecosystem, it serves as the primary means of exchange, and users can use it to stake, trade, or gain.

The SHIB token is the second most popular meme token on the market. It is capable of being used to create a reliable and effective economy.

SHIB is gaining more recognition as a top payment medium. Shiba Inus entry into the metaverse is another fascinating event. The metaverse is their most recently virtual reality and metaverse initiative where SHIB holders can now use the token to buy virtual land plots.

Pugglit Inu (PUGT) is a new meme coin project designed to transform the trading of cryptocurrencies. The initiative seeks to usher in a new era of meme coins, similar to how it happened when the popularity of meme coins skyrocketed in 2020.

The Pugglit Inu project is inspired by the Pugglit Inu meme, a combination of the words puggle and piglet. The coin is designed to reflect the best characteristics of both animals and they are featured on the PUGT platform. The projects thorough record-keeping and environmental conservation are a reflection of the piggies exceptional memory and excellent hygiene. On the pug front, the projects community-friendliness and customer-care service reflect the pugs friendly and devoted attitude.

The Binance Smart network as a reflection token is used by the PUGT platform to maximize users income over short- and long-term usage. The utility token of the Pugglit Inu platform is known as PUGT. It finances the projects decentralization utilizing the rewards connected to user transactions made through decentralized wallets.

Many crypto-related issues, including accessibility, flexibility, transaction costs, and security, can be resolved with Pugglit Inu. It provides access to the best trading platform, a charting tool, a news aggregator, network statistics, and trading bots, among other advanced trading tools. It will enable traders to be on top of current trends and execute trades more successfully.

Dogecoin (DOGE) and Shiba Inu (SHIB) have dominated the meme crypto market since their respective launches. However, the outstanding utility of Pugglit Inu (PUGT) could see it take over the canine giants in the future. Keep your eyes peeled for Pugglit Inu.

Pugglit Inu (PUGT)

Presale: https://pug.pugglitinu.com

Website: http://pugglitinu.com/

Telegram: https://t.me/PugglitInuOfficial

Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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Pugglit Inu Is Challenging Dogecoin and Shiba Inu in the Cryptocurrency Market - The Coin Republic

By Vinay K Mayer

The crypto market is in dire straits. The following is an expert analysis by Vinay K Mayer, Director Market Research & Consulting @ Asia Research Partners LLP on the crypto crash of 2022 and what we can learn from it.

Cryptocurrency and blockchain technology has been growing in popularity over the past few years, and as a result, the market for these products has exploded. However, this growth has come with some risk specifically, the risk of investment bubbles bursting.

In this exclusive article, well take a look at some of the key reasons why the crypto market crashed in 2022. As Director of Market Research & Consulting at Asia Research Partners LLP, Vinay K Mayer has expert insights to share on what caused the crash and how to avoid it in the future.

The Rise of Cryptos

The rise of cryptos in 2017 was a spectacular phenomenon. The value of many cryptocurrencies skyrocketed, reaching all-time highs. Many people saw this as a new opportunity to make money quickly.

However, this boom also led to some serious problems like the issue of hacking, fraud, and frenzy buying. All of these factors contributed to the great crypto-market crash in 2018. However, its still not clear what will trigger a new boom in cryptos.

Cryptos and Crash Market: What is Happening?

Investing in crypto was at its peak in 2021. Despite Bitcoin reaching an all-time high of $69,000 (Rs 54.5 lakhs) in November 2021, its overall market capitalization was around $3 trillion. But, the current year 2022 turned out to be not so in favor of it. Cryptos dropped below $2 trillion in January 2022, and after that, it was all downhill except for a slight recovery in April. It was in June that cryptocurrency markets hit a new low of 2022.

The global crypto market cap has declined below $1 trillion to $977 billion. The global cryptocurrency market cap has fallen by over $2 trillion after touching the $3 trillion mark in November last year. There is a 50% to 70% drop in coin prices since their all-time highs.

However, other tokens like Dogecoin, Avalanche, and Solana have taken an even bigger hit, with some tokens losing up to 90% of their value. As of today, the total market cap for crypto is $860 billion.

Reasons for Crypto Crash

The crypto market crash of 2022 was a perfect storm of unfortunate circumstances. Global Inflation, the Terra-Luna crash, and rising interest rates by the US Federal Reserve to stabilize inflation were all factors that contributed to the market crash. Additionally, war situations like Russia and Ukraine also added to the perfect storm that decimated the crypto market.

Additionally, the crypto market is often linked with the stock market so if theres a downtrend in stocks, youll likely see a similar movement in crypto prices. Many factors that affect the stock market also have an impact on cryptocurrencies.

The Russian central bank proposed banning the mining and use of cryptocurrencies in January 2022. This was due to the many financial stability risks that they posed, as well as the potential negative impact on citizens well-being. The Russian central bank also noted that regulating crypto could undermine its monetary policy sovereignty.

Also, India has not yet tabled the crypto bill. It seeks to prohibit all private cryptocurrency usage in the country.The country has also levied a 30% tax on crypto investors and a 1 % TDS on every crypto intra-trader. However, India has not regulated cryptos but wont legalize them as well.

These challenges have made it difficult for investors to decide whether or not investing in crypto is the right thing to do. Plus, the lack of confidence in the currency due to instability can make it look unattractive to potential investors.

Price as on 03.08.2022:

Whats Needed Now?

The author is director market research and consulting, Asia Research Partners LLP

Also read: Binance recovers the majority of funds stolen from Curve Finance

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Rise and fall of cryptocurrencies; looking at the cryptocurrency crash in 2022 - The Financial Express

Cryptocurrency industry is providing its users and investors with financial instruments to earn passive income by keeping their cryptocurrency over a number of years, as stated by Cointelegraph.

According to Cointelegraph, cryptocurrency savings accounts give retail investors the facility to accrue their funds by earning interest on cryptocurrency assets they deposit on specific cryptocurrency platforms, if there is agreement to lend out coins or tokens. Cryptocurrency interest accounts are considered appealing due to their distribution of much higher returns in comparison to traditional bank savings accounts, considering that average interest rate by a cryptocurrency savings account can go up to 7.5% against the average 0.06% of bank savings accounts. Difference in rates between cryptocurrency and traditional savings accounts can come with higher risks related to the service.

Information from Cointelegraph stated that once cryptocurrency assets get deposited into a savings account, an individual starts earning interest from the first day. Cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and Litecoin (LTC), while many favor interest rates on stablecoins like Tether (USDT), USD Coin (USDC) and Pax Dollar (USDP), can be used in a cryptocurrency savings account. Through this process, one grants the platform the right to use that money for any reason, with the focus being on lending to earn high returns. Cryptocurrency savings accounts are expected to provide favorable returns if one agrees to lock up their cryptocurrency for a while or holds a platform-specific token. For example, Nexo increases interest rates bu up to four percent if holders of the platform avail their governance token.

Moreover, Cointelegraph noted that to invest in a cryptocurrency savings plan, a user needs to select the cryptocurrency platform which offers realistic interest rates. Then, along with transferring cryptocurrency to the chosen platform, the user needs to deposit their asset for a limited or flexible period of time to start earning interest from the first day.

(With insights from Cointelegraph)

Also read: NFT games have the edge over traditional games: Polygons Urvit Goel

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How can interest be earned through cryptocurrency savings accounts - The Financial Express

Israel on Monday arrested three people suspected of money laundering of tens of millions of shekels in an international cryptocurrency scheme.

The arrests followed months of covert investigations conducted by the cybercrime unit and tax authorities, of what the force described as "a complex cryptocurrency structure."

The police alleged that several suspects were systematically organized to launder funds from Israel and abroad, some obtained illegally, using virtual currencies on different platforms, "in order to obscure and disguise the identity of the owners and the movement of the money."

The probe concentrated on an "massive fraud" against the French Finance Ministry carried out from Israel, and the theft and laundering of millions of euros by converting them into crypto currency.

The investigation has revealed that the profit from the crypto currency trading were kept from Israeli tax authorities, with tax evasion charges totaling in the millions of shekels.

The three principle suspects were arrested by police and are suspected of money laundering, aggravated fraud and tax evasion. Police will ask a magistrate court to remand them to custody.

More people were also detained for questioning.

The investigation is conducted with the cooperation of Interpol and the state prosecution's international division.

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Israel nabs 3 over international probe of cryptocurrency crimes - Ynetnews

Abstract

An exclusive license between the parties specified that the defendant would compensate the plaintiffs through distributions of its cryptocurrency, in lieu of traditional currency. After plaintiffs demand for the contractually agreed upon distribution of the cryptocurrency went unanswered, plaintiffs filed suit. After entry of a default judgment, the only question for the court was the proper measure of damages for breach of the contract. The court determined that the cryptocurrency constituted securities owed to plaintiffs and awarded plaintiffs $25 million in damages.

Background

Diamond Fortress and its CEO Charles Hatcher sued EverID for breach of contract for failure to compensate them per the terms of an exclusive license agreement and an advisor agreement, respectively. Under the exclusive license agreement, Diamond Fortress granted EverID an exclusive license to its ONYX software for identifying verification in EverIDs blockchain financial services platform. Under the advisor agreement, Mr. Hatcher agreed to advise EverID with its mobile application using the ONYX software. Both Diamond Fortress and Mr. Hatcher agreed to be compensated through distributions of EverIDs cryptocurrency, known as ID Tokens at both the initial coin offering and then through token distribution events. Yet, when EverID held an initial coin offering for the ID Tokens, it did not distribute the tokens to Diamond Fortress or Mr. Hatcher.

Diamond Fortress and Mr. Hatcher made several demands for compensation, which went unanswered. Thereafter, they sent a communication to EverID stating they would treat the contract as breached, and then filed suit. Upon EverIDs failure to respond to the complaint, Diamond Fortress and Mr. Hatcher filed a motion for default judgment. The court granted their motion and was left to determine the remedy for the breach.

The Diamond Fortress Technologies Decision

When determining damages for breach of contract, courts typically determine expected damages and consequential damages based on traditional currency. However, in this novel case before the Delaware Superior Court, the court had to determine how to calculate damages based on cryptocurrency values.

Before determining the damages award, the court sought to classify cryptocurrency into one of a security/investment contract, a commodity, property, or currency. Several agencies have regulatory authority over how to treat cryptocurrency, albeit with different understandings and regulations. Under the Commodity Exchange Act, cryptocurrency may be treated as a commodity, while under the Securities Act of 1933 it may be regulated as an investment contract. The Securities Act of 1933 defines a security as an investment contract, which the Supreme Court in Howey further defined as a contract, transaction, or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or as a third party.

The court applied the Howey test to determine if cryptocurrency was an investment contract, and therefore a security under the Securities Act of 1933. The first prong of Howey requires a determination of whether an investment of money was part of the relevant transaction. The first prong was easily met.

Moving to the second prong, the court looked to see if a common enterprise exists where the fortunes of the investor are interwoven with and dependent upon the efforts and success of those seeking the investment of third parties. Because the investors would be affected in an unsuccessful launch at an initial coin offering, the second prong was also met.

The court then moved to the final prong, which required determining whether an investor entered a transaction expecting to make a profit. This final prong was also met because the investors did expect a yield return on the investment.

Thus, the court found ID Tokens to be securities subject to regulation under the Securities Act of 1933. The court then applied existing Delaware law for failure to deliver securities, using a two-step method to calculate damages. First, the court found a reliable cryptocurrency valuation source. Second, the court determined the proper method to calculate damages to put plaintiffs in the position they would have been in had the contract been fully performed.

The court used CoinMarketCap to determine the USD value of the ID Tokens, noting that a few courts had used the tool previously. Applying the New York Rule, which Delaware courts have adopted, the Court determined the highest value within a reasonable time to calculate damages. Based on the rule and the CoinMarketCap valuations, the Court awarded Diamond Fortress Technologies $20,100,000 and CEO Charles Hatcher $5,025,000.

Strategy and Conclusion

When dealing with cryptocurrency in agreements, parties should consider incorporating language on how cryptocurrency should be valued if a breach were to occur. Parties should also be aware that this is a developing area of law, and this decision is an example of one way a court may determine the value of a breach based on cryptocurrency.

Further Information

The Diamond Fortress Technologies decision can be found here.

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A Breach of Contract Involving Cryptocurrency as Compensation Results in $25 Million Awarded in Damages - Lexology

Jan Jahosky, Ledgible.

For the crypto industry, many are looking for 2022 to be the year of comprehensive regulatory and legislative clarity regarding crypto assets for the United States. Indeed, President Bidens Executive Order earlier this year actually mandated and directed federal agencies to provide this kind of clear, ordered, and meaningful guidance.

Weve seen in the past that parts and pieces of legislation that most would not consider crypto-focused sometimes actually contain very meaningful laws affecting the crypto ecosystem. For instance, the Infrastructure Act, signed into law last year, has changes in the definition of broker that will fundamentally mandate tax information reporting for many companies involved in the transacting of crypto. Now, yet another piece of legislation has appeared in headlines that would not appear to involve crypto assets, but actually does.

The Senate has now passed the Inflation Reduction Act which has a number of sweeping changes in a wide variety of areas of the federal government, including the Internal Revenue Service.

As part of the Act, the IRS is receiving an allocation of approximately 80 billion dollars over the next 10 years. To put that into perspective, the IRS yearly budget is approximately $12.6 billion dollars for 2022, so this represents almost a 75% increase on a yearly basis. Simply put, a tremendous increase in spending on IRS operations and activities.

In terms of the uses for the billions of dollars, you might ask what is the IRS going to be using these funds for? The answer is that the largest amount of funding will be going to the efforts of compliance and enforcement. That could mean greatly increasing the level and number of audits performed and the number of audit candidates pursued by the Service.

Here is an excerpt from the relevant section from the act describing the IRS activities for the 80 billion dollars. One very interesting item to note in this section is the explicit call out for Digital Asset monitoring and compliance activities in short crypto enforcement.

(ii) ENFORCEMENT.For necessary expenses for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes, to provide legal and litigation support, to conduct criminal investigations (including investigative technology), to provide digital asset monitoring and compliance activities,

How and when these directives get implemented still remains to be seen. However, with this amount of funding and the naming of digital assets in the Act, it seems clear that individuals and institutional investors alike need to be even more certain about all tax obligations relating to their digital asset activities.

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What the Inflation Reduction Act Means for Cryptocurrency Regulation - CPAPracticeAdvisor.com

Advancements in the crypto market and the availability of a variety of tokens can make it difficult to choose the cryptos to trade. In this article, we will take a look at three cryptocurrencies; Avalanche (AVAX), Uniswap (UNI), and the newbie, Runfy (RUNF). These tokens possess amazing features that could help you generate passive income for today and the future.

Avalanche (AVAX) is a blockchain platform that uses a novel Proof of Stake (PoS) technique to address the blockchain trilemma of scalability, security, and decentralization.

Avalanche enables smart contracts to operate decentralized apps (dApps) on the Avalanche network, just like Ethereum does. Users can stake AVAX on the Avalanche platform and gain staking rewards. Avalanche wants to create an eco-friendly alternative to Bitcoin (BTC).

Avalanche (AVAX) intends to increase blockchain interoperability by integrating a variety of decentralized finance (DeFi) ecosystems, including well-established projects like Aave (AAVE) and Curve Dao Token (CRV), as Avalanches smart contracts are written in the same Solidity language that Ethereum uses.

The Avalanche platforms native token, AVAX, is utilized to enable transactions throughout its ecosystem. AVAX is used to enable network transactions by charging fees, distributing system incentives, and taking part in governance in the Avalanche platform. Through the use of subnets, Avalanche can reach incredible speeds, making it desirable to any crypto enthusiast.

Avalanche has increased by 30.68% in seven days at the time of writing. This huge increase showcases the utility of the Avalanche platform and why its community rallies behind it even during a crypto crash.

Uniswap (UNI) serves as both a coin and a decentralized exchange in the emerging crypto realm. Uniswap, which is based on the Ethereum blockchain, enables users to swap ERC-20 tokens, which may stand in for a variety of digital assets and monetary values.

Only tokens created on the Ethereum (ETH) network are listed on Uniswap exchanges. To deposit their cryptocurrency assets into pools that each include two ETH-based crypto tokens, which together represent the assets placed in that pool, Uniswap traders must engage in smart contracts.

Simply said, Uniswap is a mechanism for consumers to securely interchange various token kinds built on the well-known Ethereum blockchain without relying on a centralized exchange.

As people begin to discover the world of decentralized finance, holders of cryptocurrencies may take part in the governance of this financial system by trading in Uniswap tokens (UNI) (DeFi). DeFi leverages Ethereum blockchains for financial transactions, eliminating the need for central financial intermediaries like exchanges or centralized online wallets.

Runfy (RUNF) is a community-driven ecosystem that aims to give its users complete control over their health and fitness lifestyles. The token is set to promote everything that has to do with health and wellness while letting its users earn alongside.

Reaching ur health fitn gl can mtim be challenging without the right mindt, thnlg, and tl. The team at Runfy undrtnd this and i wr of th hllng involved. This is why th have dignd a tm and a tool that will allow fitn nthuit rh their fitn gl with the right tools.

The Runfy ecosystem will revolve around its utility tkn (RUNF), a utility token that built n th Binn Smrt Chain (BSC) which h th lwt trntin fs. Conceptualized a mrt thnlg, RUNF Token im t imrt hlth and fitness int th rt and give members the lvrg t rn money whil keeping fit.

Whthr you are looking t k fit or your fitn goal is to hd m weight, the Runfy team has created a special and easy-to-use app that can help you. Runfy is nt regular crypto rjt like many others on the crypto market.

The Runfy A i made of a variety of tools required to spike the interest of fitness enthusiasts. The rvid t tracking, lri counting, in- rewards, nd in- hing. It helps to monitor vr t f ur wealth generation and weight l journey.

The three cryptocurrencies mentioned in this article are all predicted to shine through the year. However, if you want a breath of fresh air in the saturated crypto market, turn your attention to Runfy (RUNF). The innovative platform is destined for greatness in the crypto sphere.

To find out more about Runfy (RUNF), visit the following links:

Presale: http://go.runfytoken.io/

Website: http://runfytoken.io/

Telegram: https://t.me/RunfyTokenOfficial

Twitter: https://twitter.com/RunfyToken

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Avalanche, Uniswap, and Runfy Cryptocurrency to Purchase in 2022 - The Cryptonomist

Notable decentralized cryptocurrency exchange Curve Finance was compromised earlier this week, as threat actors were able to effectively clone curve.fi and send user traffic to its fake crypto-exchange site.

This marks yet another instance where web3 projects are compromised through vulnerabilities in the web2 infrastructures they rely on, said CertiK co-founder and CEO Ronghui Gu.

While there will always be some relationship between web2 and web3 systems, building the necessary security control points in web2, as well as resolving the vulnerabilities that hamper this relationship, is a vital step in securing the web3 ecosystem.

At least $770,000 was stolen from Curve Finance users, who were directed to a false copy of the Curve site and then told to sign off on a contract (which can from the bad actors) that then was able to lift funds from the Curve Finance users online wallets.

For its part, Curve Finance issued a statement to users over messaging platform Telegram, where it alerted them to the potential security threats they could face. Curve Finance also encouraged users to revoke any contract agreements in which they may have engaged, and simply use the curve.exchange domain until the propagation for curve.fi righted itself.

As their name suggests, cross-chain bridges are an attempt to facilitate the exchange of crypto assets between differing chains, Gu said. To achieve this, they must combine multiple structures such as custodian, debt issuer and an "oracle."

This makes cross-chain bridges somewhat vulnerable as there are multiple attack avenues for would-be hackers to exploit, Gu said. Cross-chain bridges have clearly addressed a real need in the web3 community, and consequently, they hold a huge amount of value. These structural vulnerabilities, in conjunction with the amount of assets available, make them an extremely enticing target for hackers.

Adrien Gendre, chief technology and product officer at Vade, said that very much like online bank accounts, crypto exchanges are irresistible targets because it is a quick win for hackers they can simply transfer funds or unload the crypto in an instant.

Other types of attacks require more work and more time to achieve the final goal, Gendre added. We are seeing more and more of this, and this can be very difficult to detect.

Originally posted here:
Cryptocurrency exchanges thrown another 'Curve' with recent DNS attack - SC Media