Despite the market-wide downturn, a handful of altcoins continued to make a positive contribution to the crypto space and thanks to Ethereum, the term altcoin is no longer a derogatory term. Continue Reading on Coin Telegraph More
One key point on Cronje’s 2023 Fantom roadmap is gas monetization, which would allow revenue share for decentralized applications, or DApps, as a development incentive. In addition, Fantom DApps would be able to interact without a wallet needing to pay the gas fees itself, through gas subsidies. “Users don’t need to have or know about FTM [during onboarding],” Cronje wrote.Continue Reading on Coin Telegraph More
The Securities and Exchanges Commission (SEC) in the Philippines issued an advisory to the public against using unregistered cryptocurrency exchanges that are operating within the country. Within the warning, the SEC did not directly mention the FTX exchange but said that the warning considers “the recent collapse of a large international cryptocurrency exchange.” Continue Reading on Coin Telegraph More
According to Solana price analysis, the price of SOL/USD has been falling, and the cryptocurrency has been on a slight downward trend. SOL/USD fell from a high of $12.40 to a low of $11.30 over the previous week. But after a few days, the bulls began to show some signals, driving the price up to $11.48. SOL/USD is now trending downward, therefore traders should keep an eye out for a breach of the $11.20 support level.Significant market volatility is evidenced by the fact that Solana’s 24-hour trading volume increased by 16.22% to $131,802,314 and its market capitalization fell by 0.75% to $131,802,314.The post Solana Stuck on a Bearish Trend Momentum With Mild Bullish Signs appeared first on Coin Edition.See original on CoinEdition More
Celebrity chef Jamie Oliver has called for the state to utilise the UK’s soft drinks tax to fund an extra 800,000 free school meals in England, as inflation drives food poverty higher.Oliver, who was guest editor of BBC Radio 4’s Today programme on Tuesday, said he was “prioritising the gap between the free school lunch kids and the working poor . . . That’s 800,000 kids that we believe are vulnerable”.Oliver has previously campaigned on obesity and the quality of children’s food, backing a levy introduced in 2018 on soft drinks with sugar content above a specified threshold. The levy raised £334mn in the financial year 2021-22.He has now backed the Feed the Future campaign led by the Food Foundation charity, which is seeking the extension to free school meals to aid families in poverty as the cost of living rises.“If you look at the money raised from the soft drinks tax, it’s not far off what’s needed,” Oliver told the BBC. He said that “chaos ensues” from families worrying about how to feed themselves and that feeding children was “the best value of a taxpayer’s buck”.Speaking on the show, former prime minister Tony Blair, who rolled out services including Sure Start centres for young children, backed Oliver’s call to extend the free school meals provision. “The evidence is even clearer than it was in my day . . . that investment in early years matters,” he said.Former chancellor George Osborne, who introduced the soft drinks levy before quitting the government in 2016, told Oliver that he would extend the tax to more products if he were still in office, adding that a government decision to delay a ban on junk food advertising was “very disappointing”.A planned restriction on advertising unhealthy foods before 9pm on TV and online has been repeatedly pushed back. The ban, originally slated for April 2022, will now come into force in October 2025, a delay that has been greeted with dismay by health campaigners.“As someone who’s a member of the Conservative party, Conservatives should not be afraid of sensible use of government to improve people’s health because, by the way, that also reduces dependency on public services down the road,” Osborne said.Oliver’s call came after Westminster council in London said it would provide free school meals for all children at state-funded primary schools.Speaking from St Mary Magdalene school in the borough, Oliver said: “I’m proud of what they’re doing here. And when you see it working . . . you do realise it’s not rocket science.”The Food Foundation reported in October that about 4mn children lived in UK households where food insecurity had been felt in the past month, a rise of 50 per cent since April. It had previously found that those in poverty-stricken households were far more likely to suffer from obesity.Wales was in the process of rolling out free school meals for all primary-aged children, while Scotland has pledged to do so.
The Department for Education said it understood the pressures many households were under and was supporting more children and young people than ever before.“Over a third of pupils in England currently receive free school meals in education settings and we have just announced a further investment in the national school breakfast programme, extending the programme for another year backed by up to £30mn,” the department said. More
Defrost Finance, the DeFi protocol that suffered a major hack last week, resulting in the loss of approximately $12 million in user funds, has announced that it has successfully recovered the stolen money.The team behind Defrost Finance announced that the hacker involved in the V1 hack had returned the funds. The company released a wallet address with the funds in question.“We will soon start scanning the data on-chain to find out who owned what prior to the hack in order to return them to the rightful owners,” Defrost Finance team said. The details of the recovery process are still a mystery. Defrost Finance did not release any communication with the hacker and did not say how they recovered the funds. Notably, the firm did not disclose whether they paid a bounty to the hacker and to what amount. Defrost Finance offered the hacker a 20% bounty, saying the amount was negotiable. However, last week’s events have raised serious concerns about Defrost Finance’s security.Last Friday, Defrost Finance suffered two hacks. Firstly, a more minor hack targeted its V2 product. The bigger hack, which cost users $12 million, exploited Defrost V1 protocol. Defrost team said that the V1 hacker somehow took Defrost’s private key. The hacks raised flags among multiple blockchain security firms. Peckshield cited community intel saying that the hack was actually a rug pull. On the other hand, CertiK called the hack an “exit scam.” Crypto rug pulls are an exit scam in which the creators of a cryptocurrency project take the funds raised through the sale of the project’s tokens. This can occur when the creators of the project simply take the funds and disappear.Investors can also manipulate the market to artificially inflate the value of the tokens and then sell their own holdings at a profit before the value of the tokens plummets. Teams that rug pull will often claim that they suffered a hack.Hacks and rug pulls are major problems for crypto. While it is fortunate that Defrost Finance was able to return the funds, the case highlights the security concerns in DeFi. You may also like: Defrost Finance ‘Hacked’ for $12 Million, Security Firms Call it a Rug PullToken Scams Jump 41% to 350 Per Day, On-Chain Data ShowsSee original on DailyCoin More
In 2022, El Salvador launched the My First Bitcoin initiative, which taught 10,000 schoolchildren about Bitcoin over the course of ten weeks. In a viral video, pupils were given a hands-on demonstration of receiving Bitcoin via the Lightning network.According to an El Salvadorian educator, the idea is to have schools from around the globe replicate the course. In addition, the pupils were also taught about double-spending, nodes, and Bitcoin halvings.El Salvador looks to expand the initiative by 25 times in 2023 and teach 250,000 schoolchildren about Bitcoin. Like the My First Bitcoin initiative, students will be educated in class about the asset.Since adopting Bitcoin as a legal tender in 2021, El Salvador has been at the forefront of driving mass adoption for BTC. In November, El Salvadorian President Nayib Bukele established a unique Bitcoin Office to oversee all cryptocurrency-related programs.The office will arrange meetings between investors and the president for the introduction of Bitcoin and blockchain technology. The country also holds BTC bonds as it moves to build an entire “Bitcoin city.” This future city aims to be a tax-free haven for cryptocurrency and blockchain. Teaching young children about Bitcoin could be one of the fastest ways to drive the mass adoption and use cases of crypto, as they would grow up knowing what these assets are.Read about the recent El Salvadorian crypto bill in:El Salvador Issues New Crypto Bill In Order To Launch Bitcoin (BTC) Volcano, BondsThe President’s drive to continue BTC purchases is covered below:El Salvador To Buy One Bitcoin (BTC) A Day, Nayib Bukele DeclaresEl Salvador Is Hosting The Adopting Bitcoin (BTC) Lightning SummitSee original on DailyCoin More
American entrepreneur Mark Cuban and American comedian Bill Maher recently sat down to discuss various topics, including bitcoin. Cuban slammed Maher for his anti-Bitcoin sentiments and remarks. Beginning the debate, Maher congratulated Cuban for completing 13 years in the Shark Tank.Maher made his view clear that he has been rooting against Bitcoin for a long time. Cuban stated that he wants Bitcoin to go down more so that he can buy some more BTC. Billionaire investor Mark Cuban also slammed gold investors calling them “dumb.”The comedian Maher is well-known for his long-standing anti-Bitcoin and anti-crypto remarks. The comedian also stated that cryptocurrencies as a whole are a joke. However, Cuban is a regular investor in Bitcoin, Ethereum, and other prominent altcoins.Cuban compared gold to Bitcoin and stated that, just like gold, Bitcoin is a store of value that you can sell at any time later on. In response to Maher’s ongoing discussion about how the iPhone has a certain value and is pegged to something while B …The post Mark Cuban Schools Anti-Bitcoin Bill Maher on His Cynical Takes appeared first on Coin Edition.See original on CoinEdition More
