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‘Solana Killer’—A Radical New $2 Billion ‘Facebook Spinoff’ Cryptocurrency Is Coming Despite The Huge Bitcoin, Ethereum And Crypto Price Crash

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‘Solana Killer’—A Radical New $2 Billion ‘Facebook Spinoff’ Cryptocurrency Is Coming Despite The Huge Bitcoin, Ethereum And Crypto Price Crash

Bitcoin
BTC
and cryptocurrencies are at present snowed in as a bitter crypto winter reveals no signal of thawing any time quickly (although some suppose they’ve noticed a $28 trillion alternative).

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and efficiently navigate the $2 trillion bitcoin and crypto market crash

The bitcoin value is caught beneath the psychological $20,000 per bitcoin stage after plummeting greater than 70% from its all-time excessive of virtually $70,000, whereas ethereum and different prime ten cryptocurrencies, similar to solana, are down even worse.

Now, regardless of fears rising market “panic” might ship markets down by one other 20%, a brand new, highly-anticipated cryptocurrency mission that is been branded a “solana killer” and valued at $2 billion by its prime enterprise capital backers has launched to a lot fanfare however has recieved a combined response.

It is in a brutal bear market that you just want up-to-date data probably the most! Join now for the free CryptoCodexA each day e-newsletter for merchants, traders and the crypto-curious that may hold you forward of the market

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Aptos, a brand new blockchain and cryptocurrency created by former Meta staff Mo Shaikh and Avery Ching who labored on the Fb mum or dad’s failed libra-turned-diem bitcoin-inspired digital foreign money, was launched this week by Aptos Labs—with assist from crypto exchanges Binance, FTX and OKX coming as quickly as this week.

“We’re proud to reach right here collectively, for the individuals,” Aptos builders wrote in a weblog submit. “That is the first step in a protracted journey to create common and truthful entry to decentralized purposes for billions of individuals by means of a protected, scalable, and upgradable blockchain.”

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Aptos, utilizing the identical programming language as Fb’s failed crypto mission that is designed to decrease transaction prices and enhance speeds, is aiming to grow to be the house for the decentralized web3. Builders declare it is going to be in a position to host non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs) and decentralized finance (DeFi) higher than the likes of ethereum, solana and different rival blockchains.

Ethereum
ETH
, which has lately undergone a long-awaited improve to proof-of-stake from bitcoin’s proof-of-work, is continuous to battle with excessive prices and sluggish transaction occasions whereas solana has suffered various community outages.

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MORE FROM FORBESIt ‘Actually Is The Reply’-Kanye West, JPMorgan And PayPal Reveal The ‘Case For Bitcoin’

Builders have additionally claimed Aptos, a proof-of-stake blockchain, will have the ability to course of 160,000 transactions per second (TPS). Solana
SOL
, for comparability, has an marketed TPS of 65,000, whereas ethereum has a mere 30 TPS. Nonetheless, in accordance with Aptos’ blockchain explorer, the community was yesterday seeing simply 4 TPS, it was reported by Cointelegraph, with some customers saying they’re unable to ship transactions.

“The Aptos community has been performing as anticipated and can see elevated exercise as ecosystem tasks onboard and get going,” the mission’s official Twitter account posted in a “day one replace.”

“These 4 TPS are system transactions and don’t embrace any person transactions but,” Aptos Labs added in feedback reported by Bloomberg. “We anticipate person transactions to start beginning tomorrow. Maintain tight!”

The mission attracted a head-turning $1 billion valuation following a $200 million funding spherical in March led by Andreessen Horowitz (a16z), with main traders together with Tiger International, Katie Haun, Multicoin Capital, FTX Ventures, Coinbase Ventures, Binance Labs and PayPal Ventures. Then in July, Aptos closed a $150 million Collection A spherical led by FTX Ventures and Soar Crypto, with participation from Binance Labs, giving it a reported valuation of $2 billion.

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RobotBulls Innovates Cryptocurrency Trading with AI and Blockchain Integration

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RobotBulls Innovates Cryptocurrency Trading with AI and Blockchain Integration

RobotBulls, a pioneering force in the cryptocurrency market, has unveiled its latest advancements in leveraging artificial intelligence (AI) and blockchain technology to streamline the trading process.

RobotBulls, a pioneering force in the cryptocurrency market, has unveiled its latest advancements in leveraging artificial intelligence (AI) and blockchain technology to streamline the trading process. This dual-technology approach not only simplifies trading operations but also enhances security and accuracy, providing traders from various backgrounds with an accessible and efficient trading platform.

AI and Blockchain: A Synergistic Approach for Streamlined Trading

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At the heart of RobotBulls’ innovation is the integration of AI and blockchain technology. The platform utilizes advanced AI algorithms to analyze market data accurately and swiftly, offering users actionable insights to guide their trading decisions. Complementing this, blockchain technology ensures all transactions are securely recorded and immutable, reinforcing trust and transparency in all operations.

Key Features of RobotBulls: Elevating Trading Experience

RobotBulls’ platform is designed with several core features aimed at enhancing user experience:

  • Streamlined Trading: Automated trading tasks allow users to execute strategies efficiently without the need for constant monitoring.
  • Real-Time Analytics: The platform provides current market trend data, helping users make informed decisions and anticipate movements.
  • Robust Security Measures: Leveraging blockchain, RobotBulls ensures all transactions are transparent and secure, significantly reducing the risk of tampering.

Benefits of Using RobotBulls: Efficient and Secure Trading Traders on RobotBulls enjoy multiple advantages:

  • Time Efficiency: The automation of routine trading activities frees up time, allowing traders to focus on strategy development.
  • Increased Precision: AI-driven analysis minimizes errors in data interpretation and trade execution.
  • Enhanced Risk Control: Tools for managing trading risks, including customizable stop-loss settings, are readily available on the platform.

Continuous Innovation and Future Prospects

Committed to continuous enhancement, RobotBulls consistently upgrades its AI algorithms and explores more efficient blockchain technologies. These advancements aim to further expedite transactions and improve analytical capabilities, providing users with deeper insights and more robust trading options.

Supporting Traders with Educational Resources and Community Engagement

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RobotBulls supports its users with an array of educational resources designed to aid both novice and experienced traders in navigating the platform effectively.

Additionally, the company fosters a strong community, enabling users to exchange strategies and insights, further enhancing their trading success.

Experience the Future of Trading with RobotBulls

For traders seeking to harness the potential of digital currencies through a secure, efficient platform, RobotBulls offers a powerful solution. To explore how RobotBulls can transform your trading experience, visit robotbulls.com.

Contact Info:
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Organization: Robot Bulls
Phone: +41795354362
Website: https://www.robotbulls.com/

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Alleged crypto scammers arrested in $73 million 'pig butchering' scheme

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Alleged crypto scammers arrested in $73 million 'pig butchering' scheme

The Justice Department said on Friday that it arrested two alleged scammers for laundering “at least” $73 million through shell companies connected to “pig butchering” cryptocurrency investment schemes.

In a pig butchering scam, scammers contact victims online and gain their trust before manipulating them into investing in a fake cryptocurrency.

Daren Li, a 41-year-old dual citizen of China and St. Kitts and Nevis — and resides in China, Cambodia, and the United Arab Emirates, was arrested on April 12 at Hartsfield-Jackson Atlanta International Airport. According to a Justice Department statement, he was subsequently transported to the Central District of California. Yicheng Zhang, 38, a Chinese national and resident of Temple City, California, was arrested on Thursday in Los Angeles, California, the statement said.

The DOJ accused the individuals of having lured victims into depositing money into U.S. accounts. From there, the two allegedly utilized co-conspirators to launder the money through U.S. financial institutions to Bahamas bank accounts, before converting the funds into the stablecoin Tether, also known as USDT.

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“Cryptocurrency investment scams exploit the borderless nature of virtual currency and online communications to defraud victims,” said U.S. Deputy Attorney General Lisa Monaco. “While fraud in the crypto markets takes on many forms and hides in many far-off places, its perpetrators aren’t beyond the law’s reach,” the

Li and Zhang face charges of conspiracy to commit money laundering and six counts of international money laundering. According to the Justice Department, if found guilty, they could be sentenced to a maximum of 20 years in prison for each count.

Two days before announcing the arrests, the Justice Department said it arrested two brothers for allegedly stealing roughly “$25 million worth of cryptocurrency within approximately 12 seconds.” And earlier this month, the department charged ‘Bitcoin Jesus’, a.k.a. Roger Ver, with evading nearly $50 million in taxes.

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