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HUH token is a new and possibly valuable cryptocurrency.

There are so many cryptocurrencies out there, like Bitcoin, Ethereum, Cardano, Sandbox, Axie Infinity, Dogecoin, and HUH Token, that it may be difficult to grasp their purpose, much alone their statistical prowess. When examining cryptocurrencies, looking at a snapshot in time might provide useful knowledge.

Bitcoin has reached a new high this month and seems to be on the rise. However, this isn't the only currency that has made significant strides. On November 9th, Ethereum's currency ether achieved an all-time high of $4,831.58. If you had invested $1000 one year ago, on November 10th, you would currently have around $10,744.

All of the data I'm providing can be obtained on Coinbase.

This sum is related to the Ethereum network's recent announcement of Altair, which is a step toward the new and better Ethereum 2.0. The goal is to make Ethereum more consistent in its scaling and more sustainable. ETH holders are investing in these modifications and planned enhancements.

Follow NewsGram on Instagram to keep yourself updated

Here are several more instances of cryptocurrencies that earned a big profit; the first two peaked early this year, and the figures below indicate the currency sold at those high points. It's crucial to note that in the world of cryptocurrency, historical success does not always imply future returns; the world of decentralised finance is getting more prominent and potentially steadier, but it's still a very volatile environment.

Cardano

Cardano is one of the major blockchains that uses an energy-efficient proof-of-stake consensus method. Ethereum is also working on this, although the shift will be slow. Cardano is a scientific leader and peer-reviewed powerhouse; they take pleasure in their academic excellence, and they want people to believe in their blockchain as well.

If you invested $1000 in this cryptocurrency last year, you would have around $28,000 if you sold in early March.

When compared to Dogecoin, the joke currency cherished by Tesla's Technoking, Elon Musk, $1000 sold a year ago on this day in early May would offer roughly $252,600.

Instead of academic blockchain science, a dog meme with less apparent usefulness performed ten times better, demonstrating the volatile nature of cryptocurrencies. These two cryptocurrencies peaked in March of this year, while several other cryptocurrencies are hitting all-time highs slightly later in the year.

Also Read: Will HUH Token Disrupt The Stigma

Polkadot

Polkadot and its DOT currency are seeking to ease transactions across a wide range of assets in the crypto realm. They are using an open-source sharding multichain protocol to enable a diverse set of blockchains to connect with one another. This kind of technology will aid in the stabilisation of cryptocurrency's future, a worthy investment.

This mechanism operates by providing new HUH Token holders with a code that they may then pass on to someone else.

If you put $1000 in this huge prospect a year ago today and sold today, you'd be looking at a $12,000 return. It is not the top on the list, but it is still highly significant at ten times the payback.

Games

Sandbox is the next competitor; this platform is unusual in that it blends games into the realm of blockchain technology. This enormous market offers a lot of investment opportunities. The Sandbox has established a metaverse in which users may build and sell plots of land in the form of Non-Fungible Tokens (NFT).

If you had put your $1000 in this profitable notion a year ago, you would now be looking at about $77,500, which could be a life-changing figure for some individuals.

Axie Infinity, in the same spirit, has had considerable success in the NFT game sector. You may breed, combat, and level up charming spherical creatures called Axie's on an NFT trading platform. These animals may be exchanged on the market for a fair sum if you uncover unusual types and body-parts.

If you invested $1000 in this notion a year ago and sold it today, you would get around $318,000.

On this list, this is one of the most spectacular and unexpected profits. The NFT and gaming sector seems to be a fantastic prospect for investors in the next year.

HUH Token

HUH token is a new and possibly valuable cryptocurrency. This coin is said to have the potential of filling the NFT niche while also capitalising on the power of memetic buzz. Its one-of-a-kind smart contract idea is a referral mechanism.

This mechanism operates by providing new HUH Token holders with a code that they may then pass on to someone else. When a new investor enters this code, they will get a tax break on their purchase of HUH tokens. When customers make the purchase, 10% of the money is refunded to the code provider in BNB. This new wallet holder is then given their own referral code, which they may share with others.

As you can see, there is a lot of room for exponential expansion here. The HUH Token is nearing the conclusion of its presale and will be released on December 6th. This might be a wise investment of $1000. If you invest today, you will get 25% extra tokens.

This post is not meant to be financial advice in any manner, and you should always do comprehensive research on your assets.

Follow HUH Token on their Socials before they Launch:

Presale: https://huh.social/presale/

Website: https://huh.social

Telegram: https://t.me/HUHTOKEN

Twitter: https://twitter.com/HuhToken

Instagram: https://www.instagram.com/huhToken/

Disclaimer: (This article is sponsored and includes some commercial links)

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The founders of HUH Token claim to have established a unique referral system.

The emergence of meme cryptocurrency was unexpected, and now there are 124 meme cryptocurrencies available to purchase in 2021. Shiba Inu, Dogecoin, Samoyedcoin, Doge Dash, Floki Inu, Safemoon, and more cryptocurrencies saturated the cryptocurrency market. As 2021 draws to a close, the cryptocurrency business has had a busy year, with several of the sector's top dogs joining just this year. One of them is SafeMoon, which debuted in the spring of this year with a bang. HUH Token has planned to launch its coin on December 6th, 2021, in the hopes of following in the footsteps of other successful cryptocurrencies.

So, what distinguishes Samoyedcoin, Doge Dash, and HUH Token from the slew of meme cryptocurrencies that have popped up recently?

Keep ReadingShow lesscryptocurrency NFTs Brewing up a Storm – Solana and HUH Token NewsGram Desk3h

NFTs (Non-Fungible Tokens) are an intriguing and powerful component of the crypto realm.

Solana, Ethereum, and other cryptocurrencies such as Shiba Inu and Lite Coin had a spectacular year last year, as did a number of other cryptocurrencies. Because of the volatile nature of cryptocurrencies, there is never a guarantee that this level of success will be sustained.

These currencies that are spoken about here, on the other hand, are laying the groundwork for billion-dollar investments in the future, regardless of how precarious the ground may seem to be at times. Because a lack of investigation and awareness may result in many hazards when making investments, it is critical that you constantly double-check any information you get before acting on it or investing.

Keep ReadingShow lesscryptocurrency 4 Reasons To Invest In Cryptocurrency: MonaCoin, Kishu Inu, and HUH Token NewsGram Desk3h

After the emergence of Bitcoin and Dogecoin, people began to see the depth and potential of investing in cryptocurrency.

MonaCoin, Kishu Inu, and HUH Token are just a few of the cryptocurrencies that are making headlines right now. Cryptocurrency was initially dismissed as a joke and a waste of money. However, after the emergence of Bitcoin and Dogecoin, people began to see the depth and potential of investing in cryptocurrency. Even if you are not already a cryptocurrency investor, you have most likely heard of cryptocurrency because more individuals are investing than ever before. In the United Kingdom alone, 2.3 million people have invested in cryptocurrencies, while in the United States, one out of every ten people has done so.

Monacoin, Kishu Inu, and HUH Token all have a lot of promise right now, so here are four reasons why you should consider investing in cryptocurrency.

Keep reading...Show lessAboutContactInternshipन्यूज़ग्राम © NewsGram from Chicago, USA • Editor-in-Chief: Dr. Munish Kumar Raizada.

NFTs (Non-Fungible Tokens) are an intriguing and powerful component of the crypto realm.

Solana, Ethereum, and other cryptocurrencies such as Shiba Inu and Lite Coin had a spectacular year last year, as did a number of other cryptocurrencies. Because of the volatile nature of cryptocurrencies, there is never a guarantee that this level of success will be sustained.

These currencies that are spoken about here, on the other hand, are laying the groundwork for billion-dollar investments in the future, regardless of how precarious the ground may seem to be at times. Because a lack of investigation and awareness may result in many hazards when making investments, it is critical that you constantly double-check any information you get before acting on it or investing.

NFTs (Non-Fungible Tokens) are an intriguing and powerful component of the crypto realm. A handful of other cryptocurrencies, WOOF Token, Dogs of Elon, and HUH Token, are using this interesting utility. Relying on the power of NFT's to help bolster their investments.

Follow NewsGram on Instagram to keep yourself updated.

Non-Fungible Tokens, or otherwise known as NFT's, are unique units of non-interchangeable data that are stored on a blockchain. These tokens can represent almost anything, from photos, digital art, GIFs, and even housing. These things get allocated with unique data and then are shown on the blockchain, which displays as a certificate of authenticity and a verifiable account of ownership. Owning an NFT means that you only have rights to the original code tagged to the item, and any copy of that file can be shared freely.

Ethereum was the first to start an NFT system in 2015. Interest in this new area grew rapidly with the ever-growing interest in crypto. NFT investment has risen substantially, especially in 2021 where sales went past two billion dollars, nearly 20 times as much as 2020's estimation.

In the last couple of days, The Dogs of Elon (DOE) have had a trading volume of around $18,894,559, rivalling that of big names such as Akita Inu and Baby DogeCoin, according to coinmarketcap.com.

Inspired by CryptoPunks, DOE wanted to bring the dog memes to the NFT market. Understanding the incredible, and frankly odd, power of meme coins, The Dogs of Elon wanted to ride that trend. They seem to have investor safety in mind as their Smart Contract has been audited By Certik. There are also plans for donations to Animal Charities in phase 2 of their roadmap, a refreshing ethical move.

Also Read: Solana and the Dogs of Elon WOOF- Is HUH

Another similar cryptocurrency that is using NFTs is the WOOF Token.

These currencies that are spoken about here, on the other hand, are laying the groundwork for billion-dollar investments in the future.

WOOF Token allows anyone who uses Solana to buy or put up for sale NFTs with reasonably low transaction fees. Anyone can sell an NFT on the WOOF market, and they can place any price in WOOF tokens their heart desires.

Solana, the cryptocurrency that works with WOOF Token, is known for its extremely quick blockchain processing times. It works by using a hybrid protocol, allowing for the smart contract to be validated and executed faster than the standard way. It's speed alone caused it to gain over seven hundred per cent in value of July of this year. A large majority of their success can be attributed to the rise of interest in NFTs.

An interesting and new token that is about to enter the market on December the 6th is HUH Token. It's main aims and goals are said to be accessibility, profit security, and generational wealth.

The most interesting aspect of this cryptocurrency is its potentially revolutionary referral smart contract, which will release on December the 6th. This referral plan is included inside their smart contract, which is maintained and recorded on the blockchain and is thus decentralised.

A unique code is issued to investors who acquire HUH tokens for the first time, and this is how it works:

It is possible to offer this code to each new prospective investor. This means that when this new investor acquires HUH Tokens using the referral code that was given to him or her, the person who gave the code earns ten per cent of the purchase price as BNB, and the transaction is made at a reduced tax rate. This new investor is then given a new referral code, which they may use to send along to other prospective investors in order to earn the ten per cent commission.

This perpetual, billion-dollar, community-led concept has the makings of something quite impressive. With rumours of a substantial social media influence, could this be the next Shiba Inu?

Follow HUH Token on their Socials before they Launch:

Presale: https://huh.social/presale/

Website: https://huh.social

Telegram: https://t.me/HUHTOKEN

Twitter: https://twitter.com/HuhToken

Instagram: https://www.instagram.com/huhToken/

Disclaimer: (This article is sponsored and includes some commercial links)

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The founders of HUH Token claim to have established a unique referral system.

The emergence of meme cryptocurrency was unexpected, and now there are 124 meme cryptocurrencies available to purchase in 2021. Shiba Inu, Dogecoin, Samoyedcoin, Doge Dash, Floki Inu, Safemoon, and more cryptocurrencies saturated the cryptocurrency market. As 2021 draws to a close, the cryptocurrency business has had a busy year, with several of the sector's top dogs joining just this year. One of them is SafeMoon, which debuted in the spring of this year with a bang. HUH Token has planned to launch its coin on December 6th, 2021, in the hopes of following in the footsteps of other successful cryptocurrencies.

So, what distinguishes Samoyedcoin, Doge Dash, and HUH Token from the slew of meme cryptocurrencies that have popped up recently?

Keep ReadingShow lesscryptocurrency 4 Reasons To Invest In Cryptocurrency: MonaCoin, Kishu Inu, and HUH Token NewsGram Desk1h

After the emergence of Bitcoin and Dogecoin, people began to see the depth and potential of investing in cryptocurrency.

MonaCoin, Kishu Inu, and HUH Token are just a few of the cryptocurrencies that are making headlines right now. Cryptocurrency was initially dismissed as a joke and a waste of money. However, after the emergence of Bitcoin and Dogecoin, people began to see the depth and potential of investing in cryptocurrency. Even if you are not already a cryptocurrency investor, you have most likely heard of cryptocurrency because more individuals are investing than ever before. In the United Kingdom alone, 2.3 million people have invested in cryptocurrencies, while in the United States, one out of every ten people has done so.

Monacoin, Kishu Inu, and HUH Token all have a lot of promise right now, so here are four reasons why you should consider investing in cryptocurrency.

Keep ReadingShow lesscryptocurrency $1000 in a Year: HUH Token, Cardano, Polkadot and NFT Gaming NewsGram Desk1h

HUH token is a new and possibly valuable cryptocurrency.

There are so many cryptocurrencies out there, like Bitcoin, Ethereum, Cardano, Sandbox, Axie Infinity, Dogecoin, and HUH Token, that it may be difficult to grasp their purpose, much alone their statistical prowess. When examining cryptocurrencies, looking at a snapshot in time might provide useful knowledge.

Bitcoin has reached a new high this month and seems to be on the rise. However, this isn't the only currency that has made significant strides. On November 9th, Ethereum's currency ether achieved an all-time high of $4,831.58. If you had invested $1000 one year ago, on November 10th, you would currently have around $10,744.

Keep reading...Show lessAboutContactInternshipन्यूज़ग्राम © NewsGram from Chicago, USA • Editor-in-Chief: Dr. Munish Kumar Raizada.

Home » Business » BSV blockchain steps into Japan as Bitcoin Association joins local industry group

The BSV blockchain industry is again making moves into some of Asia’s biggest markets. In Japan, Switzerland-based Bitcoin Association was this week accepted as an associate member of the Japan Cryptoasset Business Association (JCBA). The industry group has 112 members covering a spectrum of activities within—and associated with—blockchain technology in Japan.

One of Bitcoin Association Ambassadors to Japan, Masumi Hamahira, said he encourages those in the BSV industry to produce more presentation materials in Japanese, to help JCBA’s other members become more aware of BSV’s positions. Naming scalability and its focus on enterprise as two main advantages, he said it was important to maintain a gentle attitude when dealing with the Japanese industry, looking at positive points and education.

Hamahira has a background in banking with a speciality in Islamic Finance, having lived for a long period in Malaysia and working as an IF advisor at MUFG, one of Japan’s largest banks.

Those interested in the Japanese market should get in touch

Speaking to CoinGeek, he also urged those interested to get in touch with him via Twitter (@MasumiHamahira). The other Bitcoin Association Ambassador in Japan is long-time Bitcoin advocate Ken Shishido (@KenShishido).

“It is a good step for BSV to join the JCBA,” Hamahira said, “because so many big Japanese blockchain organizations are JCBA members. The Bitcoin Association can work with blockchain and cryptoasset business professionals from financial institutions, exchanges and technology providers, to lawyers, accountants, and regulators.

“The Bitcoin Association also can attend subcommittees of JCBA such as PR, security and systems, tax, custody, stablecoins, use cases, mining, ICO/IEOs, finance, staking, NFTs and DeFi so that the Association can now share the development and progress of the BSV ecosystem with Japanese professionals to enhance their awareness of BSV globally.”

JCBA Managing Director Seiji Yuji also welcomed Bitcoin Association to the group, saying it would contribute to the overall growth of the industry.

“At the JCBA, we work collectively with our members for the healthy development and expansion of the cryptoasset sector and related businesses. I expect that the activities of Bitcoin Association for BSV, working together as part of our own association, will contribute to the development of the cryptoasset industry and I look forward to working alongside them.”

As well as bringing together various representatives from the blockchain and digital asset industry to discuss issues of importance, the JCBA has also worked with regulators such as the FSA and Consumer Affairs Agency to develop positive public policy, and assisted in educating the wider public.

BSV has a tough road ahead in Japan

BSV faces some hurdles in Japan. For starters, it’s not actually possible to trade BSV assets on any exchanges in the country. Japan was the first country to formally recognize and regulate digital assets. However, its regulator, the Financial Services Agency (FSA) set strict rules for assets that local exchanges may trade. 

At present, this includes an eclectic mix of well-known and lesser-known tokens, such as BTC, ETH, BCH, LTC, XRP and ETC—as well as Monacoin (MONA), Lisk (LSK), BAT, XEM, Stellar Lumens (XLM), Tezos (XTZ) and DOT. To join this list, BSV would need to have demand from local traders and exchanges in order to lobby the FSA.

The situation has meant that coverage of BSV news and overall awareness of its advantages (or even its existence) has remained limited in Japan outside of the digital asset industry.

In the time since it was founded in 2016, the JCBA has played a large role in growing the blockchain and digital asset industry in Japan. Despite strong initial curiosity for Bitcoin thanks to its creator’s Japanese pseudonym, the industry had a rocky start thanks to failed exchange Mt Gox having its headquarters in Tokyo.

Rather than ban digital asset trading altogether, Japan chose to examine and regulate the industry instead. Today it’s home to some of the world’s largest trading volumes, and billboards advertising Bitcoin and digital asset trading have been common in large public spaces for years.

“Remember, Japan was the first country to regulate cryptoassets,” Hamahira said. “Mt Gox was located in Japan. ‘Satoshi Nakamoto’ is from Tominaga Nakamoto, as you know. We will see the sharing of BSV in the land of the rising sun. It depends on us, including you! Let us go ahead!”

Watch: Bitcoin Association Founding President Jimmy Nguyen speech at CoinGeek New York, “BSV Blockchain: It’s About to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

The end of a calendar year brings a lot of fun and anticipation for the next year, but there are things that can be put into place to benefit from in the long-term, for many New Years to come.

That’s becoming a holder in either HUH Token or Solana, but how does that benefit you?

Here’s how.HUH for You!

With the release of HUH Tokens Whit Paper it’s not surprise that the emerging cryptocurrency is set to make a splash on the crypto market this December 6th.

HUH Token and its creators at HUH Nation is determined to make a currency that benefits its holders by employing a set of rather ingenious technical properties.

Now, for those who just want the meat of the matter, I’m with you on that, and here it is.

HUH Token is a multichain currency that supposedly produces safety for its holders unlike every other currency, alt or not, on the market today.

Those high standards of HUH Token are not unrivalled in the field of Cryptocurrency, but no other currency has managed to envision a future of generational wealth like HUH Token have.

Not only this but the benefits that technology could have on the planet is enormous and that’s something that HUH Token have taken into consideration.

For the first one million holders, HUH Token will plant one million trees, enlarging not only the alt coin arena but the planets lungs as well.

That’s definitely HUH for you, and your grandchildren, even your great grandchildren.

Solana From Below

An altcoin that’s also making big waves since its inception is Solana, and though it shares similar environmental pledges as HUH Token, what works for Solana is its use of Proof-of-History.

The one underdog currency is set to make further splashes in the new year along side HUH Token.

Though it appears that this ‘potential long-term alternative to Ethereum’ might just be rivalled for the head spot by HUH Token on its December 6th release.

Is Unique Important?

In a world where individualism is top dog it’s evident that altcoins would thrive when they can stand out from the plethora the emerge each week.

Though, imagery and clever wording simply aren’t enough in to stand out, at least not along anyway.

An emerging altcoin need something that makes them individual, and HUH Token and Solana offer this to their current and potential holders.

If you’re looking for that unique flair then HUH Token and Solana could be for you, especially as HUH Token is currently in its presale state which could hold greater value for the holder over time.

Sofia Peterson

Sofia is a contributor at The Hack Post who loves to write about Technology. She also enjoys reading books and swims during her free time.

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There’s one thing, almost everyone knows for sure, that when you arrive at a McDonalds or a Burger King, that the food you order will be the same ever time. A certainty that was curated by the creator of Americas first and largest fast-food chain, McDonalds.

The production line was reinvented and so began the era of fast food. In the eyes of most, especially Burger King with its own cryptocurrency Whoppercoin, the game of crypto could be imagined in much the same way.

HUH Token, even in its pre-sale state can predict certain aspects of their dual-currency, for instance, being able to protect the investment at a greater increase of success than mono-currencies can.

The revolutionary ideas of Richard and Maurice McDonald have extended throughout the Cryptocurrency world without barely making a splash. However, McDonalds is reportedly in talks with Shiba Inu to by large amounts of their tokens, and this is big news for the crypto world.

It’s evident that the most prominent, predictable trends in crypto are based in a fast-paced world, one that is pioneered instead of followed.

McDonalds, Whoppercoin, Shibu Inu and HUH Token have pioneered the idea of fast and effective service at the benefit of the investor, user and client.

The Fast and The Ferocious

HUH Token’s December 6th release has rumbled through the crypto world, thickening milkshakes and the distant slurps up metal straws can be heard for miles.  The release of HUH Nations community-based token is much enthused like the opening of a new McDonalds branch.

The fast growth and pre-sales of a cryptocurrency is not only a great omen of things to come for HUH Token, but those who have invested in it.

It’s clear from the recent trajectory of Shiba Inu and the aspirations of HUH Token, that HUH Nation users are set to reap the benefits of predictability of increasing safety of crypto investments.

We’re Lovin’ It

Deep in the crevices of the metaverse, are where the meme currencies live, feeding and harvesting the best internet, Film and TV while harnessing their opportunistic qualities. From the use of fast food franchises like the myth of the broken Mcflurry machine to HUH using the most common sound in the word as it’s name.

The meme coin culture and currencies are something that is revitalising the game of crypto for those veteraned to the cause and draws in new investors all the time.

The growth and potential of fast and effective currency has been pioneered by Shibu Inu and revolutionised by HUH Token.

The Take-Away

What have we learned from the new menu items like the McShib and HUH Token? That the future of cryptocurrency relies on the ability for a community to deliver as promised.

Shiba Inu and HUH Token have found a way for users to save time and effort and deliver the best ways to invest in crypto whether you’re a novice or a pro.

Sofia Peterson

Sofia is a contributor at The Hack Post who loves to write about Technology. She also enjoys reading books and swims during her free time.

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There’s one thing, almost everyone knows for sure, that when you arrive at a McDonalds or a Burger King, that the food you order will be the same ever time. A certainty that was curated by the creator of Americas first and largest fast-food chain, McDonalds.

The production line was reinvented and so began the era of fast food. In the eyes of most, especially Burger King with its own cryptocurrency Whoppercoin, the game of crypto could be imagined in much the same way.

HUH Token, even in its pre-sale state can predict certain aspects of their dual-currency, for instance, being able to protect the investment at a greater increase of success than mono-currencies can.

The revolutionary ideas of Richard and Maurice McDonald have extended throughout the Cryptocurrency world without barely making a splash. However, McDonalds is reportedly in talks with Shiba Inu to by large amounts of their tokens, and this is big news for the crypto world.

It’s evident that the most prominent, predictable trends in crypto are based in a fast-paced world, one that is pioneered instead of followed.

McDonalds, Whoppercoin, Shibu Inu and HUH Token have pioneered the idea of fast and effective service at the benefit of the investor, user and client.

The Fast and The Ferocious

HUH Token’s December 6th release has rumbled through the crypto world, thickening milkshakes and the distant slurps up metal straws can be heard for miles.  The release of HUH Nations community-based token is much enthused like the opening of a new McDonalds branch.

The fast growth and pre-sales of a cryptocurrency is not only a great omen of things to come for HUH Token, but those who have invested in it.

It’s clear from the recent trajectory of Shiba Inu and the aspirations of HUH Token, that HUH Nation users are set to reap the benefits of predictability of increasing safety of crypto investments.

We’re Lovin’ It

Deep in the crevices of the metaverse, are where the meme currencies live, feeding and harvesting the best internet, Film and TV while harnessing their opportunistic qualities. From the use of fast food franchises like the myth of the broken Mcflurry machine to HUH using the most common sound in the word as it’s name.

The meme coin culture and currencies are something that is revitalising the game of crypto for those veteraned to the cause and draws in new investors all the time.

The growth and potential of fast and effective currency has been pioneered by Shibu Inu and revolutionised by HUH Token.

The Take-Away

What have we learned from the new menu items like the McShib and HUH Token? That the future of cryptocurrency relies on the ability for a community to deliver as promised.

Shiba Inu and HUH Token have found a way for users to save time and effort and deliver the best ways to invest in crypto whether you’re a novice or a pro.

Sofia Peterson

Sofia is a contributor at The Hack Post who loves to write about Technology. She also enjoys reading books and swims during her free time.

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Since Bitcoin (BTC) was launched in 2009, the idea of decentralised currency has become one of the hottest talks among investors and has encouraged people to engage with cryptocurrencies in different ways. Ethereum (ETH) is probably the most utilised token that has many applications. The rise of meme coins is a manifestation of humour in human nature. Just now the market is paying quite a lot of attention to a new coin called HUH Token (HUH), which proclaims itself as an “utimeme” – a combination of utility and meme. What makes the HUH qualify as an “utimeme”? How far can this idea go?Utilising Cryptocurrency

Ethereum is the pioneer of blockchain smart contracts. The idea is to allow computer programs to automatically execute the actions necessary to fulfil an agreement between several parties on the Internet, theoretically censorship-resistant and less prone to fraud. It is also capable of hosting other tokens by its ERC-20 compatibility standard.

According to coinmarketcap.com, more than 280,000 ERC-20-compliant tokens have been launched, and over 40 of them have become the top-100 tokens by market capitalisation, and each of them serves a different purpose, for instance, Tether (USDT) for stability, Binance Coin (BNB) for exchange and Chainlink (LINK) for security.

Another example is the emergence of the Play2earn system. The idea is to allow players to generate revenues in terms of coins or accessories by participating in games.

The world is also entering into a new era of digital assets with the implementation of non-fungible tokens (NFT) catalysed by the ETH blockchain. In the first quarter of 2021, the sales of NFTs have exceeded $2 billion, and part of these transactions are backed by reputed auction houses, including Sotheby’s and Christie’s.

One thing to note about cryptocurrencies is that sometimes they can be simply a sub-culture. The idea of decentralisation means there is no strict rule like the finance world are used to be. So, there is a category of cryptocurrencies as a result of a joke derived from the Internet, the meme coins.

Dogecoin (DOGE) is the first token of its kind, originated from the famous “doge” meme on the Internet featuring a dog on the logo. The most well-known supporter of DOGE is Tesla CEO Elon Musk, who posted several times on social media that this coin is his favourite one. DOGE is one of the top-10 tokens with a total market value of $36.58 billion.

Other meme coins like Shiba Inu (SHIB), Tiger King (TKING), MonaCoin (MONA), Garlicoin (GRLC) and SushiSwap (SUSHI) derived from different themes have been growingly popular. The Internet is having much fun with them, and their prices are skyrocketing. Yet these are the coins that barely have an actual value to serve as a legit tool of transactions – at least not at the moment.

Lately, the market has been talking about a new cryptocurrency called HUH Token (HUH). It is said to be officially launched on the 6th of December, but the presales have been overwhelming that once caused a brief crash in its payment system. One of the reasons for this upsurge could be its self-proclamation as an “utimeme”, a utility with real-world value by linking the distribution system to Binance, and the meme that helps to grow its community.

HUH has set up a referral system that allows holders to refer friends and receive 10% of the referee’s initial investment as BNB. Plus, HUH encourages its price stability by providing some static rewards – the longer a person holds the tokens, the more rewarding it is. So, from this perspective, it can be an asset worthy of investors’ diamond hands.

So now back to the questions: how far can the idea of an utimeme go? There is an article that says HUH Token has had some legion followers eagerly awaiting the release of the token onto the open market. What sounds more promising is, the developers repeatedly stress that community care will be a big part of HUH’s development, which is also a key feature for some meme coins to gain die-hard fans, which might make it the next big thing replicating ETH and those flying meme coins.

Follow HUH Token on their Socials before they Launch: Presale: https://huh.social/presale/ Telegram:https://t.me/HUHTOKEN  Website:https://huh.social/   Twitter:https://twitter.com/HuhToken   Instagram: https://www.instagram.com/huhToken/

TagsHUH TokenFacebookTwitterPinterestPrevious articleWrapped Bitcoin Review 2021-2022: When to Invest With ProfitNext articleFloki Inu VS HUH Token: What Cryptocurrency Will Become The Next Dogecoin?RashmiCrazy about technology, sports, cinema, my colleagues, and useless anecdotes. Far too connected and curious. When I'm not on my smartphone, you can find me tinkering anything tech!RELATED ARTICLESCryptoCurrency Floki Inu, Shiba Inu or HUH Token – Which Could Turn Your $100 Into More?Sushant Gupta - 0 Shiba Inu would have turned $100 into millions if investors purchased early and held onto their investment. Will HUH Token exceed Shiba...Read moreCryptoCurrency Monero, Theta and HUH Token – Which Could Make You A Millionaire for $1000?Parth Singh - 0 Monero, Theta or HUH Token are all cryptocurrencies that have great potential in the future and have even shown snippets of promise...Read moreCryptoCurrency Floki Inu VS HUH Token: What Cryptocurrency Will Become The Next Dogecoin?Shreya Negi - 0 Dogecoin has been the top meme cryptocurrency dog for a while now, but it has recently come up against some worthy competitors...Read more LEAVE A REPLY Cancel reply NOT TO BE MISSED Floki Inu, Shiba Inu or HUH Token – Which Could Turn Your $100 Into More?CryptoCurrencySushant Gupta - 0 Shiba Inu would have turned $100 into millions if investors purchased early and held onto their investment. Will HUH Token exceed Shiba...Read more Monero, Theta and HUH Token – Which Could Make You A Millionaire for $1000?CryptoCurrencyParth Singh - 0 Monero, Theta or HUH Token are all cryptocurrencies that have great potential in the future and have even shown snippets of promise...Read more Floki Inu VS HUH Token: What Cryptocurrency Will Become The Next Dogecoin?CryptoCurrencyShreya Negi - 0 Dogecoin has been the top meme cryptocurrency dog for a while now, but it has recently come up against some worthy competitors...Read more From Ethereum To Meme Coins, Can HUH Token The “Utimeme” be the next big thing?CryptoCurrencyRashmi - 0 Since Bitcoin (BTC) was launched in 2009, the idea of decentralised currency has become one of the hottest talks among investors and...Read more Wrapped Bitcoin Review 2021-2022: When to Invest With ProfitCryptoCurrencyKin - 0 Wrapped Bitcoin is known as a converted option of the conventional Bitcoin suitable for the Ethereum network for decentralized applications. The...Read moreLoad moreRecent Comments

Cryptocurrency News – TCAT Cryptocurrency News – REAL News ® Home » MonaCoin (MONA) Great Alternative to resource-hungry Bitcoin and Ethereum MonaCoin (MONA) Great Alternative to resource-hungry Bitcoin and Ethereum By TCA PR April 4, 2020 Off MonaCoin (MONA), the first Japanese currency, is doing better in terms of comparative performance.  It is based on the ASCII character, Mona.  A single entity does not control the Monacoin payment system, rather it is sustained by everyone who makes use of it through the client apps running on their computers. Most of the cryptocurrencies are considered to be meant for the speculative purpose; however, Monacoin is famous because it is nurtured by the community base and not by a core development team.  The users of Monacoin have purchased several types of Mona based web applications and services. The technical details read thus:  “Technical Details, Algorithm: Lyra2RE(v2), Block time: 1.5 minutes, Block reward: 25 MONA, 105,120,000 total coins, Subsidy halves every 1051k blocks (~3 years), Difficulty re-target: every block (Dark Gravity Wave v3), not pre-mined.” The decentralization of the coin is based on the “proof-of-work” algorithm, and therefore all the users can mine the Monacoin.  This negates the centralization of large miners and thus reduces the price volatility.  Due to ASIC resistance, the coins are distributed fairly, and it does not allow users to mine coins based on their higher processing power. Monacoin is a great alternative to resource-hungry tokens like Bitcoin and Ethereum.   The use cases and adoption are recognized by wide ranges of sources. Several merchants in Japan transact using the MONA.  The supply of Mona coin is higher when compared to Bitcoin.  Further, it facilitates long-term investment potential.  More of peer-to-peer payments are accepted using MONA coins, with the transaction costs being low. The gaming community tips in MONA for several games.  Thus, the mass adoption from the gaming community will increase the value of the MONA coin.  No other cryptocurrency has country-wide support that MONA enjoys. There are Mona Wallets, which are open source, software, hardware, paper, Multisig, and cold storage used to store the Mona coins. There is an official wallet, but those who feel like they do not want to download the entire official stuff should look out for another wallet.à Mona-based applications provide advantages like fast transaction processing, widespread adoption, and a dedicated community.  It credible considering the fairness of its launch.  Share var VUUKLE_CONFIG = )(); CategoryAltcoins Cardano ADA Has the Best Yet to come Charles and IOHK Not Leaving Cardano Dash Core Group Trust Protectors Election 2020 Scheduled for April TCA PR The Currency Analytics is undoubtedly one of the leading resources about anything and everything one would like to know about the contemporary crypto zone.

The market expected mainstream crypto like Bitcoin Cash to recover quicker and respond with a positive YTD, and it did. However, joining forces with major cryptos, Monacoin has been reporting a YTD of 63%, while other altcoins like VeChain continue to suffer.

Bitcoin Cash [BCH]

The fifth-largest coin on CoinMarketCap [CMC], Bitcoin Cash [BCH] has been rising over the past 24-hours. It managed to climb by 2.47% over the day and was reporting 9.11% YTD returns. According to the Bollinger Bands, the current state of the market appeared to be less volatile as the bands were converging. However, the moving average had slid under the candles, something that could mean a bearish future for : $167.84

Press time price: $219.66

Market Cap: $4.03 billion

24-hour Trading Volume: $3.18 billion

VeChain [VET]

The price of VeChain did not see a lot of fluctuation as it started the new year; however, it did face the massive drop that engulfed most of the crypto-market. VeChain was reporting a loss of 41.70% in its valuation. According to the Chaikin Money Flow, the coin has been in the bearish end for quite some time now and a push above the zero mark might change the trend.

VeChain has taken an important step towards decentralization recently with the VeChain Whitepaper 2.0, while also sharing its financial planning as a move towards transparency. The Foundation reported a total capital of $806.118 being used for varied pport: $0.0021

Press time price: $0.0030

Market Cap: $167.12 million

24-hour Trading Volume: $90.52 million

MonaCoin [MONA] 

MonaCoin, ranked 53rd on CMC, has managed to report returns of 63.12% on investments in 2020.  The coin has been performing better than most coins in the market, but the Parabolic SAR still expected some bearishness in the market.

MonaCoin, the first Japanese crypto, is a hard fork of Litecoin. The Japanese government has reportedly approved of Monacoin and it is widely used online and across physical stores in rt: $0.9661

Press time price: $1.21

Market Cap: $79.32 million

24-hour Trading Volume: $3.74 million

Decred, Cosmos, Monero Price: Strong technicals dismiss market concerns

WAVES, Hedera Hashgraph, Binance Coin Price: Altcoins record mixed fortunes

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

It is often assumed that blockchain based digital currencies and applications are safe and secure. In fact, blockchain ecosystems including cryptocurrencies such as bitcoin and Ether, smart contracts that power a plethora of transactions, and blockchain exchanges have many vulnerabilities. Like many other financial systems, blockchain based systems are subject to all manner of hacks, frauds scams, and vulnerabilities. They happen at the speed and anonymity of the Internet. There are, understandably, numerous legal challenges when it comes to obtaining civil remedies for these Internet based crimes. This is as true, and perhaps even more so, for blockchain hacks, scams, and frauds as it is for a whole host of other Internet crimes and wrongs.

I had the pleasure yesterday to participate in a McCarthy Tetrault Masterclass on the subject of "Blockchain vulnerabilities - crypto hacks, blockchain forensics and legal challenges." The other two panelists were Ari Redbord from TRM Labs and Ana Badour, partner and co-head of McCarthy Tetrault's Fintech Group. Ari, Ana, and I discussed the hacks, frauds, forensic tools and countermeasures that are being used by lawful authorities and businesses to address blockchain vulnerabilities. Ana and ARI also provided an overview of regulatory measures being adapted to address legal issues associated with digital currencies including FATF guidance, AML legislation, Travel rules, OFAC sanctions against particular cryptocurrency exchanges, and FinCEN guidance on cybercrime and ransomware. I also talked about the availability and practicality of using civil remedies to address losses from the use of blockchain based systems and some recent OSFI developments that could impact blockchain applications.

Below are some prepared materials I drew upon in my talk on blockchain vulnerabilities - crypto hacks, blockchain forensics and legal challenges.1

Blockchain vulnerabilities, hacks, frauds and scams

There are trillions of dollars invested in blockchain based digital currencies. Bloomberg recently estimated that the cryptocurrency market is now worth more than U.S. $3 trillion. There are well recognized financial risks associated with cryptocurrencies volatility. But, this has not seemed to have dampened the market for these items.

The technical vulnerabilities associated with blockchain are not as widely recognized. Blockchain is often touted as being secure, immutable and "unhackable". There are, however, many vulnerabilities associated with cryptocurrencies and their ecosystems, some human and some technical. This should not be surprising. We can learn a lot from history. As Jesse James showed in the wild west, Charles Ponzi showed us in 1920, and as hackers show us day in and day out, no matter how secure a financial institution, financial application, or financial asset is, someone will try to find a way to steal it, defraud or trick people out of it, or hack it. Sadly, the same is true with digital currencies.

While losses from hacks and vulnerabilities are hard to estimate, by one account hackers have stolen nearly $2 billion worth of cryptocurrencies in the two year period between 2017-2019. Some hacks are by lone hackers, but many are by sophisticated cybercrime organizations. According to a recent article In the MIT Security review, the hype that these assets are unhackable are "dead wrong". According to the article:

In short, while blockchain technology has been long touted for its security, under certain conditions it can be quite vulnerable. Sometimes shoddy execution can be blamed, or unintentional software bugs. Other times it's more of a gray area-the complicated result of interactions between the code, the economics of the blockchain, and human greed. That's been known in theory since the technology's beginning. Now that so many blockchains are out in the world, we are learning what it actually means-often the hard way. 2

A comprehensive article on the subject confirmed the many vulnerabilities associated with blockchain technology saying:

Blockchains are relatively new and there are countless news stories of people losing money through compromises in the components of blockchain ecosystems. Blockchain technologies are not invulnerable and have actually many known vulnerabilities, just as with any software..3

Another recent article came to the same conclusion stating:

Until recently, blockchains were seen as an "unhackable" technology powering and securing cryptocurrencies - but that's no longer the case.

In other words, forget what you heard from Bitcoin boosters - just because information or currency is on a blockchain doesn't necessarily mean that it's more secure than any other form of storage.

In fact, the same qualities that make blockchain technology so secure may also be the source of several unique vulnerabilities - a stark reminder that despite the hype, cryptocurrencies can't entirely sidestep the vulnerabilities of any other banking systems.4

One group of researchers recently concluded, as "distributed ledger software by nature, blockchain inevitably has software issues." They found, among other things, by studying the bitcoin, Ethereum, Monero, and Stellar blockchains that some blockchain modules related to consensus, wallet, and networking were "highly susceptible to vulnerabilities".5

As with every other financial system, there are opportunities for fraud. One vector is fraud associated with online marketplaces. An Ontario example involved the downfall of crypto asset trading platform QuadrigaCX (Quadriga). It resulted from fraud committed by Quadriga's co-founder and CEO Gerald Cotten. Clients entrusted their assets to Quadriga, which provided false assurances that those assets would be safeguarded. In reality, Cotten spent, traded and used those assets at will. Operating without any proper system of oversight or internal controls, Cotten was able to misuse client assets for years, unchecked and undetected, ultimately bringing down the entire platform and losses to customers of $169 million. Approximately $115 million of the losses arose from Cotten's fraudulent trading on the Quadriga platform. He opened Quadriga accounts under aliases and credited himself with fictitious currency and crypto asset balances which he traded with unsuspecting Quadriga clients. He sustained losses when the price of crypto assets changed causing a shortfall in assets to satisfy client withdrawals. He covered this shortfall with other clients' deposits, in effect, operating a Ponzi scheme. Cotten also lost an additional $28 million while trading client assets on three external crypto asset trading platforms without authorization from, or disclosure to, clients. He also misappropriated millions in client assets to fund his lifestyle.6

There are other types of fraud cases as well. For example, in the U.K. case, Ion Sciences vs Persons Unknown and Others,7 Ion and its Director were induced by persons unknown to transfer bitcoin in the belief that they were investing in a legitimate initial coin offering (ICO), but later discovered that the recipient was a scam. They transferred £577,002 in the form of some 64.35 bitcoin to the fraudster's Coinbase account in the belief that they were making investments in real cryptocurrency products. A substantial part of the bitcoin transferred or their traceable proceeds ended up at accounts held by the the Binance and Kraken exchanges.

Private key security attacks are also a known means of allowing malicious actors to steal cryptocurrencies. A private key allows individuals to access funds and verify transactions. An attacker who has discovered a vulnerability in an elliptic curve digital signature algorithm, for example, can recover a user's private key. If a private key is stolen, it is difficult to track any related criminal activity and recover the relevant blockchain asset.8

There are several examples of private key security attacks. A recent one involved the cryptocurrency exchange Cryptopia, a New Zealand exchange that operated globally. In January 2019 Cryptopia's servers were hacked and private keys held by the exchange were used to transfer cryptocurrencies to an undisclosed external exchange. Somewhere between 9 and 14 per cent of its cryptocurrency was stolen, valued at around NZD $30 million. Cryptopia temporarily suspended its operations and eventually was put into liquidation. The case resulted in a lengthy decision by a New Zealand Court in Ruscoe v Cryptopia Limited (in liquidation) [2020] NZHC 728 (8 April 2020),  which had to decide how the remaining assets of the exchange should be distributed as between account holders and unsecured creditors. The court decided that cryptocurrencies were property and that Cryptopia was a trustee of separate trusts, one for each cryptocurrency with the beneficiaries being all account holders holding currency of the relevant type.

Another example of a private key security attack  was described in the U.K. case, Fetch.AI Lrd & Anor v Persons Unknown Category A & Ors [2021] EWHC 2254 (Comm) (15 July 2021). It involved fraudulent trading using a person's trading account with the cryptocurrency exchange Binance. It was perpetrated by unauthorized access to the plaintiff's private key. The hackers obtained access to the accounts maintained by the plaintiff and were able to trade the crypto assets in the account by adopting massive undervalues for the products traded with the result that, in the aggregate, losses totaling in excess of US$2.6 million were sustained over a very short period.

Hackers have also been known to steal the keys to cryptocurrency wallets.9

Of course marketplaces, like almost every other organization in Canada are subject to data breaches  from a myriad of sources. One of the best known examples is Mt Gox,  one of the first bitcoin exchanges which was based in Tokyo. During its heydays in the early 2010s, Mt. Gox was responsible for more than 70% of global bitcoin transactions. In 2011 hackers used stolen credentials to transfer bitcoins. Deficiencies in network protocols also resulted in several thousand bitcoins being "lost". Reportedly, 850 million bitcoins, representing 6% of bitcoins in circulation at the time, were stolen over several years.10

Despite all the security features blockchain offers, individuals and organizations are still susceptible to phishing attacks. This scam attempts to obtain a user's credentials without their knowledge through various tricks such as email. For example, fraudsters send wallet key owners emails posing as a legitimate source asking users for their credentials using fake hyperlinks.11

SIM swap attacks are also not uncommon. Earlier this week an Ontario teen was arrested for allegedly stealing $46 million in crypto currency in a SIM swap attack. Reportedly, the police, who were assisted by the FBI and U.S. secret service, seized multiple pots of cryptocurrency valued at more than $7 million. In another case,  BlockFi which offers crypto services for individuals and institutional clients was subject to a SIM swap attack. In this case, only personal information and no funds were accessed.12 In another case hackers stole data from Coinsquare, a cryptocurrency trading platform,  also using a SIM swapping technique, but the hackers were also unable to use the data to steal any crypto assets.13

Hackers have also been known to exploit technical weaknesses in blockchain systems. An example of this is the Poly network hack which occurred In August 2021. Multiple blockchains including Ethereum, Binance Smart Chain, and Polygon were attacked. The hack targeted the Poly Network, a cross-blockchain interoperable bridge that enables users to transfer crypto-assets from one blockchain to another. Transfers are accomplished by locking tokens on a source blockchain and unlocking them on a destination one. After a transaction has occurred on a source blockchain, the Poly Network Keepers sign blocks of the source blockchain that contain the original transaction. The keeper then submits the signed block to a smart contract manager on the destination blockchain. The smart contract manager assesses the signatures' validity, and if it is valid then the contract executes the transaction on the destination blockchain. The hacker exploited a vulnerability in the EthCrossChainManager smart contract manager. Essentially the hacker was able to create fake transactions that allowed him/her to unlocked tokens on the destination blockchain without locking them on the source blockchain. The hacker did this by changing and compromising trusted entities called "keepers" stored in the EthCrossChainData contract that facilitate the cross chain transactions to unlock tokens on the destination blockchain without locking the tokens on the source blockchain, essentially managing to duplicate tokens across two blockchain networks. By taking control of the keepers the attacker was able to trick EthCrossChainManager contract into executing cross-chain transactions that weren't real on the source blockchain. The hacker was able to duplicate over $600 million worth of tokens across the networks by exploiting Poly Networks' cross-chain protocol, making the tokens still in control by the original users uncollateralized and the valuable tokens under the hacker's control. People with tokens on the source blockchain suffered losses. The hacker later returned funds to the Poly Network.14

Another well known example of a technical weakness exploit is The DOA, an unincorporated organization called Slock.it UG ("Slock.it"). The DAO was a Decentralized Autonomous Organization, a term that describes a "virtual" organization embodied in computer code and executed on a distributed ledger or blockchain. The DAO was created by Slock.it and Slock.it's co-founders, with the goal of operating as a for-profit entity that would create and hold assets through the sale of DAO Tokens to investors that would be used to fund projects. After DAO Tokens were sold, but before The DAO was able to commence funding projects, an attacker used a flaw in The DAO's code to steal approximately one-third of The DAO's assets. The hacker began to divert the cryptocurrency Ether (ETH) from The DAO, causing approximately 3.6 million ETH, or 1/3 of the total ETH raised by The DAO offering, to move from The DAO's Ethereum Blockchain address to an Ethereum Blockchain address controlled by the hacker. Luckily, before the hacker could move the ETH from that address Slock.it's co-founders and others endorsed a "Hard Fork" to the Ethereum Blockchain. The "Hard Fork," restored the DAO Token holders' investments as if the hack had not occurred.15

Hackers can also engage in Routing Attacks. Blockchains rely on real-time, large data transfers. Hackers can intercept real-time large data transfers such as by hijacking IP prefixes or dropping connections momentarily, preventing the system from reaching consensus. Blockchain participants aren't aware of the threat, but behind the scenes, fraudsters may have extracted confidential data or currencies. 16 There are vulnerabilities in the routing information protocol that is used to specify how IP packets are forwarded to their destinations over the Internet (the Border Gateway Protocol (BGP)). Using a so called BGP Hijacking Attack,  a hacker can manipulate BGP and intercept the blockchain network to route traffic to destinations determined by the hacker. 17

Other examples of technical weaknesses were a cryptographic flaw in the cryptocurency Zcash that could have been exploited to make unlimited counterfeit Zcash and in bitcoin's main client, Bitcoin Core, that had a flaw that could have let attackers mint more bitcoins than the system was supposed to allow. 18

There can also be underlying cryptosystem vulnerabilities in other components such as blockchain wallets. They usually work with a public and private key pair for signature and are as secure as the underlying cryptosystem they use. The public-key algorithm used for these keys have known attacks that can be applied. 19

Blockchains are also subject to other types of attacks to steal crypto-assets. A well recognized attack vector is the "51% vulnerability attacks"  which most cryptocurrencies are, at least theoretically, susceptible to. Blockchains commonly use proof of work as their protocol for verifying transactions. This process, also known as mining, involves nodes spending vast amounts of computing power to prove themselves trustworthy enough to add information about new transactions to the database. If a miner or pool of miners are able to gain control of a majority of the network's mining power they can arbitrarily manipulate and change blockchain information such as by reversing a transaction and initiating a double-spending attack by creating an alternative version of the blockchain (a fork). These attackers can make the fork the authoritative version of the chain and proceed to spend the same cryptocurrency again (double spending). Examples of 51% attacks occurred on a series of smaller coins including Verge, Monacoin, and Bitcoin Gold that resulted in thefts of an estimated $20 million. There was also a 51% attack against Ethereum Classic, where an attacker who gained control of more than half of the network's computing power was trying to rewrite the transaction to steal more than $1 million. In another case, the mining pool "ghash.io" accounted for more than 42% of the total bitcoin mining power. The fact that a single mining pool represented such a high proportion was a serious concern, and many miners dropped out of the pool.20

Research shows that there are also many other security vulnerabilities associated with in smart contracts. 21 Other types of attacks include the "Balance Attack" and "Sybil Attacks". 22

Future developments in technologies will also undoubtedly present new security challenges that blockchain systems will need to address. For example, quantum computing has the capability of breaking the en­cryption deployed in blockchains and cryptographic codes, upending basic security assumptions. It is expected that quantum computers will one day be able to break a blockchain's cryp­tographic algorithms quickly and make the encryption obsolete. To stay ahead, there will be a need to transition to quan­tum-resistant schemes to mitigate potential security risks.23

Regulatory

There are many provincial rulings by securities regulators that, as set out in CSA Staff Notice 21-327 Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets  (CSA SN 21-327), securities and derivatives legislation may apply to persons or companies that are in the business of trading contracts or instruments that have an underlying interest in assets that are frequently referred to as crypto assets such as bitcoin, Ether, and anything commonly considered a crypto asset, digital or virtual currency, or digital or virtual token that are not themselves securities or derivatives because these contracts or instruments satisfy the definition of a security or a derivative as defined in securities legislation.24

For OSFI regulated FIs, there are some recent developments.

Technology and Cyber Security Incident Reporting Advisory (August 2021) The Advisory is intended to support a coordinated and integrated approach to OSFI's awareness of, and response to, technology and cyber security incidents. It has very broad criteria for reporting incidents including cyberattacks, third party breaches, extortion threats, and impacts to financial market settlements.

Technology and Cyber Risk Management (Draft Guideline) (November 2021) The Guideline establishes OSFI's expectations related to technology and cyber risk management. It deals with, among other things, cyber security and technology operations. Cyber Security: "Outcome: A secure technology posture that maintains the confidentiality, integrity and availability of the FRFI's technology assets." Technology Operations: "Outcome: A technology environment that is stable, scalable and resilient. The environment is kept current and supported by robust and sustainable technology operating processes."

Both of these OSFI documents may be relevant to, among other things, blockchain based trading systems and decentralized finance.

Civil remedies

Obtaining remedies for Internet based wrongs are a continuing exercise of wac a mol. Obtaining effective civil remedies against blockchain hackers is, without doubt, challenging. They act at the speed of the internet, anonymously, almost always reside and act from foreign jurisdictions, and are notorious for covering their tracks including by peeling their stolen crypto assets to obfuscate recoveries. While it is possible to investigate and trace transfers of cryptocurrencies from public blockchains, recovering those assets or tracing those assets once converted into fiat currency can be difficult.

There are however several cases that show that if the attacked party acts quickly there are legal remedies that can be used to try to recover stolen or transferred crypto assets.

Case study

An example is the U.K. case AA v Persons Unknown & Ors, Re Bitcoin [2019] EWHC 3556 (Comm) (13 December 2019). In this case a Canadian insurance company (the Insured Customer) was subject to a ransomware attack that encrypted and locked up its computer systems. It had cyber insurance from an English insurer (the "Insurer"). The Insurer hired an incident response company (IRC) which negotiated the decryption software for a ransom of US $950,000 which was paid with 109.25 bitcoins to an address that was provided.

Note, I could have chosen fact a fact pattern from other reported cases because the problems in obtaining remedies are very similar, only the alleged criminal behavior is different. For example, in the U.K. case Fetch.ai Ltd and another v Persons Unknown Category A and others (July 2021) the hacker used the plaintiff's private key to fraudulently trade cryptocurrencies at massive undervalues using the plaintiff's trading account. In the U.K. case, Ion Sciences vs Persons Unknown and Others,25 there was a transfer of bitcoin to a scam artist in a coin offering (ICO) fraud.

In the AA v Persons Unknown case, the Insurer hired Chainalysis Inc., a blockchain investigations company who was able to track 96 of the bitcoins that were held by an exchange known as Bitfinex. The rest of the funds were converted into a fiat currency.

The Insurer then commenced legal proceedings in the UK (based on its subrograted rights) against the unknown hacker that made the ransom demand (the first defendant), the unknown person who held/controlled the 96 bitcoins (the second defendant), and two entities trading as the Bitfinex exchange.

The relief claimed and the court's order

The cryptocurrency market has been consolidating after the market’s latest price rally. While not all coins sustained bullish trends, a few altcoins, however, were eyeing a potential move upwards in a bid to surpass previously breached resistances. Litecoin [LTC] Source: on TradingView In an effort to bolster Litecoin adoption, the recently partnered with MeconCash, a partnership allowing fiat withdrawal at over 13,000 ATMs across South Korea. The silver crypto recorded a decline of 0.02% over a period of 24-hours. At press time, was priced at $38.86 with a market cap of $2.50 billion and a 24-hour trading volume of $3.20 billion. Resistance: $63.37, $79.68 Support: $30.95 MACD: The MACD line was above the signal line, suggesting a bullish trend for the silver crypto in the near-term. CMF: The CMF also pointed towards a highly bullish phase for Litecoin. IOTA Source: on TradingView The IOTA wallet hack and the subsequent decision of the Foundation to shut down the “coordinator” node on the network proved to be damaging for the coin. However, its technical indices at press time indicated a price revival in the near-term. was trading at $0.155, at press time, with a market cap of $432 million. The token was down by a significant 8.90% over the last 24-hours, while recording a trading volume of $10.63 million. Resistance: $0.232, $0.292 Support: $0.107 Parabolic SAR: The dotted markers hovering below the IOTA price candles implied a bullish trend for the coin. Awesome Oscillator: The green closing bars of the AO also aligned with the bulls. MonaCoin [MONA] Source: on TradingView This Japanese cryptocurrency was previously to have the highest spot transaction volume by Japan’s Virtual Currency Exchange Association [JVCEA]. At press time, held a market cap of $77.52 and was valued at $1.18. The token registered a trading volume of $5.46 after a decline of 1.33% over the last 24-hours. Resistance: $1.49, $1.93 Support: $0.742 Klinger Oscillator: The KO indicator underwent a bullish crossover, and this positive trend was seen to be in motion. Sponsored Relative Strength Index: The RSI was close to the 50-median, indicating an imminent upward trend and potential positive sentiment among investors in the market. Related Topics: Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.

Meme coins provide an incredible opportunity for crypto investors to turn a quick profit. Unlike cryptocurrencies such as Bitcoin and XRP that have specific use cases, meme coins aren’t exactly functional. Following the rise of Dogecoin in 2021, meme coins have been a hit in the crypto market. More investors have been open to the opportunity of purchasing and investing in them, so we’ll look into the most popular of these coins below.

It goes without saying that Dogecoin remains the most popular and profitable meme coin. Created as a joke in 2013, Dogecoin has quickly risen to the ranks as a result of hype from millions across the world – including prominent celebrities like Elon Musk, Miley Cyrus, and Snoop Dogg.

If Bitcoin is a bellwether for the entire industry, Dogecoin fills that role for meme coins. It’s impossible for these coins to move without a substantial shift in Dogecoin’s price.

Over the past week, Dogecoin has been on something of a tear. The asset’s price rose by 25 percent, settling at $0.32 at press time. The current price peg is down 2.8 percent in the last 24 hours, but the drop appears to be a simple downtrend as it sets up for consolidation.

Philip Gradwell, an economist at Chainalysis, explained earlier this week that on-chain metrics for Dogecoin are better than ever, with the coin’s adoption rising to its highest point since the 2017 bull market. With the DOGE community always ready to flood in at every opportunity, this could be a chance to buy in.

DOGE is doing quite well technically, holding above its 20-day moving average (MA) of $0.24 and with a relative strength index (RSI) of 73.91.

Shiba Inu has been even more impressive than Doge, rising to become one of the most popular cryptocurrencies despite being less than a year old.

In fact, SHIB didn’t become prominent in any form until April 2021. After getting listed on a few top exchanges and marketing itself to be the “Dogecoin killer,” SHIB took off. The coin got listed on major exchanges like Coinbase and Binance, and it rocketed to the top of the CoinMarketCap charts.

Like DOGE, SHIB has been doing pretty well over the past week. The coin has enjoyed a great deal of hype, rising by 16 percent in the past week and 5 percent in the last 24 hours to hit a current price peg of $0.000009035.

SHIB’s recovery can be traced back to July 20, when it bottomed at $0.0000057. The coin’s price has since seen a 300 percent jump in its 24-hour trading volume, as well as a 56 percent price rally. The coin’s developers also implemented a token burn, reducing its circulating supply.

SHIB remains a strong coin, beating its 20-day MA of $0.0000069 and with an RSI of 73.65. It is still far off from its all-time high of $0.00004, but SHIB is looking pretty good at the moment.

Cumrocket is a pretty rare name among the meme coins. Many of these coins tend to be made for the “vibes,” but Cumrocket actually has a use case. Built in April 2021, Cumrocket offers a marketplace for adult content on the internet.

Cricket hasn’t quite hit its stride, mostly because adult content is pretty much free on the internet. It’s also not gotten any celebrity hype – just a passing mention on comedian Bill Maher’s HBO show.

But, Comrocket is something you want to keep an eye out for nonetheless. The asset’s price is up a staggering 103.2 percent in the past week, with a current price of $0.0044. Its current peg is down 12 percent in the past 24 hours, but this shouldn’t be much of a concern given how meme coins perform.

Monacoin actually started with a use case. Created in 2014, it was dubbed as Japan’s first digital currency and built to replace more established coins like Bitcoin and Ether for Japanese investors, Monacoin also focused on peer-to-peer digital transactions, offering a chance for investors to easily send and receive money.

But, with the increased penetration of established coins, Monacoin became an afterthought. Soon enough, the coin was left with no purpose – except memes!

Monacoin doesn’t have much in terms of news and updates. But, the coin gets a bit of buzz from investors now and then. A growing number of people believe that it can be the next Dogecoin, and they’re waiting for its price to surge.

With a current price of $1.57, MONA is up 4.4 percent in the past week but down 3 percent in the last 24 hours. The asset is in a bit of a tricky position, especially with its 20-day MA of $1.44 being pretty close to its price. But, MONA also holds an RSI of 58.18, which is pretty encouraging.

As shown, MONA is a bit of a gamble. But, that’s what meme coins essentially are.

Hoge Finance is a self-described community-driven auto-staking ERC-20 token. Launched in February 2021, HOGE had an initial supply of 1 trillion. But, 500 billion of that was immediately burned.

Among the meme coins, HOGE is peculiar as it is a deflationary asset. For every transaction that takes place, a 2 percent tax is levied – 1 percent goes to the burn wallet and is immediately removed from the supply, while the other 1 percent is redistributed to all wallets that hold HOGE outside of crypto exchanges.

HOGE Has also begun minting non-fungible tokens (NFTs) and sponsoring eSports teams. The coin is still in its nascent stages, but there is a lot of growth potential in HOGE. It definitely helps that the coin’s price has performed pretty well recently. With a peg of $0.000104, HOG is up by 7 percent in the past week. In the last 24 hours, HOGE is up by an impressive 12.6 percent too.

Beyond just being a meme coin, HOGE has some long-term potential too. The coin is still far from its all-time high of $0.00090, but it is looking quite attractive.

The crypto craze is alive and kicking! At present, the internet is buzzing with digital currencies, NFTs, games, and much more in the crypto world! Parallelly, the count of ‘dead coins,’ a term given to the cryptocurrencies that don’t exist anymore, is increasing as well. 

According to the report fromcoinopsy, the number of dead coins has grown 35% over last year to 1,949.

In fact, it all began in 2017 with the Initial Coin Offering (ICO). ICO is a type of capital raising process, similar to Initial Public Offering (IPO), to create a new cryptocurrency. 

This has raised the number of options available from 29 to around 850 in 2017. As of March 3, 2021, there were 9,108 cryptos in circulation, as per CoinMarketCap.

A coin is considered dead if:

A coin is abandoned by developers or delisted.Used as scamNo official websites or nodesWallet issues

There are three types of dead coins: 

These coins don’t have any concrete plan and will be launched for the sake of it. Notably, some crypto enthusiasts see some value and bet on them initially. 

It’s worth noting that, UET (Useless Ethereum Token) raised around $300K (approx £218K) during ICO. However, for every meme/joke coin that makes it like Dogecoin, nine others fall flat. Among dead coins, around 3% accounts to joke coins. 

Few examples: MonaCoin, JesusCoin, PayCon, AssPennies, CryptoMeth, ObamaCoin, and more. 

As the name mentions, these coins are associated with scams. Some of the scams include run away with money, pump and dump, and massive pre-mine. Usually, it is better to avoid coins where the development team has a large portion of the coins. 

Few examples: Machinecoin, Luckbox, Lotus, LoopX, Loligo, Lolcoin, and more. 

This is the most common form of dead coins for numerous reasons, including developer death, loss of traction, limited funding, and removal from exchanges. Notably, every coin has to meet certain criteria to get listed in the exchanges; if it’s not met, it will be removed. 

Few examples: Maecenas, Lucky7Coin, LOOIX, Locus chain, and more. 

Is it possible to spot a dead coin beforehand? No, not really! It is always safe to keep a close check on the altcoins you’ve invested in through various forums and social media. 

Cryptocurrency has been making headlines in recent years as a viable means of earning and investment. Most people in the crypto community are either traders or investors. This means that they buy coins or tokens at a lower price and wait for their value to increase before they can make a profit.

However, you can earn cryptocurrencies without having to put money down for it. If you don’t have large funds to trade or invest in cryptos, you should consider mining. On this page, you’ll discover a list of the best cryptocurrencies to mine in 2021.

Before you go ahead, you should check out CoinList, where you have access to the most cutting-edge crypto innovations while also assisting the most significant crypto projects to grow and thrive.

RavenCoin is one of the most profitable coins to mine in 2021. Bram Cohem invented this coin and launched it on January 3rd, 2018. It was created to handle the efficient creation and transfer of assets from one party to another. Thanks to its KAWPOW protocol and X16R algorithm, you can easily mine RVN on your mobile device or personal computer. It also operates with the same asset transmission system as Ethereum and Bitcoin blockchain.

To start mining RVN, you need to create a wallet and generate a wallet address where you can deposit your RVN. Then proceed to select a mining pool. Blocksmith, Bsod, and Cruxpool are excellent platforms to begin your RVN mining.  

Monero has attracted a lot of attention from investors and miners because of its exceeding takeoff. Its value escalated from $10 in January 2017 to $494 in January 2018. This coin operates on the CryptoNote system, which emphasizes the importance of equity in crypto mining.

With a market capitalization of more than $3 billion, Monero is regarded as one of the most profitable cryptocurrencies to mine in 2021. It has an unlimited supply and uses the RandomX hash algorithm as its hash function. That’s why it has an impressive unique block time of 2 minutes.

3. LiteCoin (LTC)

Litecoin is a peer-to-peer cryptocurrency project that is distributed under the MIT/X11 protocol. The developers of this coin adapted the programming from Bitcoin’s system. But he improved the transaction speed, thus reducing its gas fee.

Litecoin is one of the older names in the crypto community. Mining it for profit is never a bad idea since it’s globally accepted as a seamless means of payment. LTC employs SCRYPT protocol, which eliminates the need for ASIC devices for mining.

Cardano is a formidable cryptocurrency with a bright potential ahead of it. This coin has a flexible network and executes transactions at the speed of light, ensuring a smooth user experience. Cardano mining is a little different from the common practice. Instead of using hardware to generate the assets, Cardano blockchain uses the Proof-of-Stake system to validate blockchain transactions.

The good news is that this programmable blockchain has the potential to outperform Ethereum and Litecoin. Additionally, Cardano can also be used as a platform for other digital currencies and applications.

5. Ethereum Classic (ETC)

Ethereum Classic is popular in the crypto world. This digital asset aims to keep the Ethereum blockchain intact. It was launched in July 2016, but its performance in the past two years has made it an excellent option for mining.

Mining ETC is relatively easy. All you need to do is get efficient mining hardware and software, create a wallet address, and start mining. GPU mining machines are the best hardware for this purpose. GMiner and NBMiner are popular softwares to try. The unique thing about ETC is that it has a shorter block time compared to other altcoins. Its block time is roughly 13 seconds.

Dogecoin is a popular cryptocurrency with the dog logo. Billy Markus and Jackson Palmer created this coin in 2013 as a meme-inspired joke, but five years later, Dogecoin has gone far ahead of most altcoins. It has broken numerous records and shows no signs of slowing down.

It employs the Scrypt algorithm, which is comparable to Litecoin in that it does not allow users to add Doge to their portfolio by purchasing expensive devices. Meanwhile, you can use a GPU/CPU to ensure its efficient performance and make mining seamless.

7. Monacoin (MONA)

Just like Dogecoin, Monacoin is a meme coin with a seemingly active community in Japan. The cryptocurrency was developed in 2013 by an anonymous individual under the alias Mr. Watanabe. However, this project that started as a joke has become a serious commodity offering reasonable earning potential for miners and investors.

The good thing about this cryptocurrency is that miners do not need ASIC devices to earn. Unlike other coins, mining MONA requires very little capital. Mining a block and qualifying for a reward usually takes less than 2 minutes.

When mining cryptocurrencies, you must consider your mining device’s hash rate, electricity costs, and network range in your location. Mining profitability is highly dependent on these factors.

Meanwhile, if you are looking for where to access the best new tokens before they get listed on other exchanges, Coinlist is the ideal place to check. It’s a reliable platform for new cryptocurrency offerings.

Samoyedcoin has continued to surge in the last month, many are comparing its success to that of Shiba Inu. Samoyedcoin has shown itself to be a popular coin amongst the vast ocean of canine-related meme coins on the market. Many investors will be asking if Samoyedcoin can continuously return meaningful profits in the long run? Or does its volatility present too much of a risk to hold onto the coin? The potential is certainly high but as demonstrated by HUH Token, new cryptocurrencies are proving more innovative every day.

For those who are uninitiated in the meme coin world, adorable dogs have become the face of many cryptocurrencies. Many currencies have followed in the footsteps of Dogecoin and used the attention surrounding Dogecoin to gain traction towards their own currency. Samoyedcoin is one of the latest cryptocurrencies to use this tactic. Samoyedcoin was created to support the growth of the Solana ecosystem, this has provided its investors with a level of trust as this system is already established and trusted among stakeholders. Volatility seems to be a predominant fear for many investors as meme coins often fluctuate heavily throughout their existence.

HUH Token is a new cryptocurrency that is currently in presale and is set to release onto the general cryptocurrency market soon. The developers have created the term ‘utimeme’ to describe HUH Token’s practicality. This is a combination of the words utility and meme, the new word was created as the developers do not define their token as strictly a meme token. The creators have developed this token to create ‘generational wealth’ for anyone, regardless of their socioeconomic background. HUH Token has presented a very ambitious road map that has shown their determination to become a long-term profitable cryptocurrency.

The HUH Token has produced countermeasures to control the volatility of the cryptocurrency market. HUH Token can produce two streams of income through two different currencies, HUH Token and BNB (Binance). Binance is an already established and trusted currency that has withstood the test of time, resulting in investors paying close attention to HUH Token. Using a unique referral code, investors can refer others to buy HUH Token and reap the benefits as they purchase the token. If someone uses your referral code, you receive a generous 10% of that value redistributed as BNB (Binance). Not only does this spread the risk of your portfolio, but it also allows investors to produce additional income by simply sharing your referral code with potential investors.

Samoyedcoin’s new position in the market could be dependent on how well the launch of HUH Token goes. With a positive presale, the HUH Token is in a perfect position to enter the market and begin challenging other meme tokens for the top position. Samoyedcoin will not simply roll over as its canine mascot would have you believe, many trust in the token and the strength it gains from being a part of Solana’s ecosystem. Historically, coins that are primarily known as meme coins often have fluctuating prices that create wariness for investors.

As HUH Tokens releases, it seems worthwhile to investigate how they present on the cryptocurrency market. If there are signs of positive progression, it may be worth an early investment to not miss out on higher potential profits. Alternatively, trying to time a Samoyedcoin investment to make the most of a volatile cryptocurrency could result in tempting profits but is equally likely to put your capital at risk. We will not have to wait long to find out which cryptocurrency is going to perform better than the other.

Follow HUH Token on their Socials before they Launch:

Website: https://huh.social

Twitter: https://twitter.com/HuhToken

Instagram: https://www.instagram.com/huhToken/

Telegram: https://t.me/HUHTOKEN

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Meme tokens have been hounding the spotlight thanks to shiba inu's massive run.

"These are driven by culture and represent an underlying theme or movement," John Wu of Ava Labs said.

Here are the top 10 meme coins by market capitalization.

Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Thanks to shiba inu's massive run, the coin is now the top meme token and eighth-largest cryptocurrency overall after its founding just over a year ago in August 2020.

But what exactly is a meme token? John Wu, president of Ava Labs, the team behind altcoin avalanche, put it simply: "These are driven by culture and represent an underlying theme or movement, rather than special technical use cases."

That's not to say meme coins, which are typically borne out of jokes, are useless. The ethereum-based shiba inu, for instance, is developing shibarium and shobosi games and is offering non-fungible tokens, to name a few.

And if anything, the eye-popping success of shiba inu only reinforces that investors should not dismiss meme tokens, Tim Frost, CEO of digital wealth management platform YIELD App, told Insider.

"The value of a crypto token is decided upon by the people that are buying and selling. And if the people that are buying decide that they like a dog meme coin, then a dog meme coin is going to be popular," Frost said.

Apart from the coin with a cute puppy as its mascot, there are other meme tokens out there that are well-loved by the crypto community. Here are the top 10 by market capitalization, according to CoinMarketCap data.

Ticker: DOGGY

Price: $0.008882

Market capitalization: $35.9 million

Overall crypto market cap rank: 661

One-week performance: +34.02%

Ticker: TKING

Price: $0.00009783

Market capitalization: $58.9 million

Overall crypto market cap rank: 544

One-week performance: -13.41%

Ticker: SMI

Price: $0.00007325

Market capitalization: $73.2 million

Overall crypto market cap rank: 496

One-week performance: +744.39%

Ticker: CUMMIES

Price: $0.06276

Market capitalization: $82.8 million

Overall crypto market cap rank: 466

One-week performance: +41.17%

Ticker: MONA

Price: $1.44

Market capitalization: $94 million

Overall crypto market cap rank: 440

One-week performance: -5.12%

Ticker: HOGE

Price: $0.0005165

Market capitalization: $203.9 million

Overall crypto market cap rank: 285

One-week performance: +169.48%

Ticker: ELON

Price: $0.0000007371

Market capitalization: $405.8 million

Overall crypto market cap rank: 156

One-week performance: +49.59%

Ticker: SAMO

Price: $0.1607

Market capitalization: $467.9 million

Overall crypto market cap rank: 234

One-week performance: +712.51%

Ticker: DOGE

Price: $0.2991

Market capitalization: $38.3 billion

Overall crypto market cap rank: 10

One-week performance: +19.10%

Ticker: SHIB

Price: $0.00007928

Market capitalization: $45.0 billion

Overall crypto market cap rank: 8

One-week performance: +181.46%

Read the original article on Business Insider

2020 has to this point been notably constructive for Bitcoin and the remainder of the cryptocurrency market. Beginning the yr at round $7,100, BTC presently trades at nearly $9,000, charting notable will increase all through the complete week.Up to now 24 hours alone, Bitcoin gained one other 3% to its worth, rising from round $8,650 to about $9,000 from the place it retraced a bit and it presently trades at $8,900.Bitcoins whole market capitalization has elevated to $162 billion. Nonetheless, its dominance has sized right down to 66.1%, which means that altcoins have managed to get better and to say new grounds.Certainly, taking a look at how different cryptocurrencies in addition to Bitcoin carried out, its fairly clear that theyre flourishing. All the tasks from the highest 20 are within the inexperienced, charting critical good points all through the complete week. The previous 24 hours are not any exception.Bitcoin SV is as soon as once more one of many best-performing altcoins, rising by 10% all through the previous 24 hours. Others who marked critical good points embrace Binance Coin (9.14%), EOS, (8.84%), Bitcoin Money (7.8%), and so forth.Whole Market Capitalization: $245B | Bitcoin Market Capitalization: 162B | BTC Dominance: 66.1%Main Crypto Headlines$3.2 Million ETH Stolen From UPbit Is Already Laundered: Report Claims. Following the hack of UPbit which passed off in November 2019, it now turns into clear that $3.2 million from the stolen cryptocurrency has already been laundered. The report additionally claims that this occurred through the use of small transactions in a whole lot of completely different exchanges.YouTube Crypto Purge Is Again: Standard YouTuber Davinci Reviews Hed Been Blocked From Streaming. Regardless of issuing a proper apology and saying that the cryptocurrency purge has been a mistake, it seems that YouTube is taking a cost at content material creators as soon as once more. Standard cryptocurrency YouTuber Davinci has mentioned that his channel has been flagged and that he has been blocked from streaming.Craig Wrights Defamation Case In opposition to Hodlnaut Reportedly Dismissed By UKs Excessive Court docket. Self-proclaimed Satoshi Nakamoto, Craig Wright, has reportedly seen his defamation case in opposition to standard Twitter consumer Hodlnaut dismissed. The benefit for the order is the is lack of jurisdiction however the case will supposedly proceed in Norway.Vital Each day Gainers and LosersEthereum Traditional (31.45%)Ethereum Traditional (ETC) is undoubtedly essentially the most vital each day gainer all through the previous 24 hours, on the time of this writing. Up 31.45% to this point, ETC stands at a worth of $10 and a complete market capitalization of about $1.1 billion. Extra curiously, ETC noticed a surge in its 24-hour buying and selling quantity which is now greater than $3.2 billion.MonaCoin (24.72%)MonaCoin is one other altcoin that managed to impress in immediatelys buying and selling session. Its up about 24 p.c previously day alone, bringing its worth to $1.22 on the time of this writing. MonaCoin now sits on a market cap of about $80 million and is the 61st largest cryptocurrency. By way of 24-hour buying and selling quantity, MonaCoin stands at about $21 million.Swipe (-11.83%)Sadly, not all altcoins managed to extend with the remainder of the market. Swipe is down about 11.8% and its worth decreased to $1.30. The cryptocurrency stands on a complete market cap of about $79 million and noticed a buying and selling quantity of $14 million previously 24 hours.Take pleasure in studying? Please share:

In this guide, we will look at the best cryptocurrencies to mine using a GPU in 2021. Small at-home mining operations can still mine these digital currencies profitably from home with the proper GPU setup and reasonable electricity costs.

Before discussing mining crypto using a GPU (home computer), lets first discuss how most major cryptocurrencies are mined, such as Bitcoin and Ethereum. Many of the largest and best-known crypto tokens are mined using ASIC (Application Specific Integrated Circuit) mining equipment which is designed to do one thing, mine a specific crypto asset. But they can be expensive. Without continually upgrading your ASIC miner to the latest version as they come out, it can be challenging to compete with other more sophisticated miners, all vying to win the mining rewards for the same coin.

Here are some of the crypto assets that can be mined successfully using your GPU instead:

Vertcoin is a peer-to-peer cryptocurrency that uses an application-specific integrated circuit (ASIC) resistant proof of work (PoW) mechanism, Lyra2REv3, to incentivize miners. ASIC-resistant means the founders of VertCoin want it to be more fairly distributed by allowing anyone to mine it and not have the mining controlled by centralized ASIC mining firms and pools.

The cryptocurrency was created in January 2014 and is based on the Bitcoin code. It has a similar block time to Litecoin (2.5 minutes) and a coin supply limit of 84 million.

To mine Vertcoin using a GPU, download One-Click Miner by visiting the Vertcoin website. Also, download the Vertcoin wallet from the same website to store the VTC you will mine. 

Monero is a privacy-focused coin based on the CryptoNote protocol and uses the RandomX hash function. Bitcointalk user thankful_for_today forked the Bytecoin codebase in 2014 to create BitMonero. The community later changed this name to Monero.

XMR is also ASIC-resistant like Vertcoin, making it one of the cryptocurrencies you can profitably mine using a GPU from home. Moreover, setting up the mining rig is easy. Once you acquire mining hardware and a wallet, download the mining software and configure it.

The Monero block time is two minutes, and the maximum supply is unindicated.

Ravencoin is one of the best cryptocurrencies to mine using GPUs. It focuses on making mining decentralized. As a result, anyone can mine RVN efficiently at home with the right mining setup. The cryptocurrency uses an algorithm known as KAWPOW.

The developers behind Ravencoin launched the cryptocurrency in November 2018. The Ravencoin protocol is based on a fork of Bitcoin’s code. However, Ravencoin is different from Bitcoin because project owners can issue and transfer assets and sub-assets. Additionally, it has a block time of one minute, and the total coin supply is 21 billion. 

Download mining software and configure it to mine RVN, then join one of the RVN supported mining pools found here.

Haven Protocol is a fork of Monero, which means it has the same privacy features but offers price-stability through its synthetic stablecoin, xUSD.

XHV uses the CryptoNight Heavy algorithm, which is ASIC-resistant and incompatible with Nicehash. Consequently, you can mine this cryptocurrency at home with a graphics card and with compatible mining software. The developers behind this project released the mainnet of Haven Protocol in July 2020.

The block time of XHV is 120 seconds, and about 14.2 million coins in circulation as of March 2021.

Ethereum Classic is a hard fork of Ethereum that aims to maintain the original Ethereum blockchain. The Ethereum Classic blockchain also supports DApps and smart contracts. ETC launched in July 2016.

Ethereum Classic uses a modified version of Ethereum’s Ethash mining algorithm called EtcHash. The modification, also known as the Thanos upgrade, provided more access to GPU miners. Therefore, miners with 3GB and 4GB GPUs can mine ETC. ETC developers executed Thanos in November 2020.

You can begin mining ETC by acquiring a wallet that supports this cryptocurrency and one or more graphics cards. Next, download mining software like GMiner and configure it. Once you are done, your rig will start mining ETC for you.

The supply limit of ETC is 210,700,000 and the block time is about 13 seconds.

Monacoin is a fork of Litecoin that the anonymous developer, Mr. Watanabe, based on the ASCII cat character, Mona. Mona is a popular internet meme in Japan that was created in 2000.

Monacoin uses the Lyra2RE(v2) proof of work algorithm and has a 15-minute block time. Furthermore, the total coin supply is 105,120,000. The Lyra2RE(v2) algorithm makes MONA one of the best cryptocurrencies to mine using GPUs. 

The mining process is similar to other GPU-friendly cryptocurrencies. After acquiring a wallet and a graphics card, download the mining software and configure it.

The coin was launched in 2013, and several merchants in Japan accept it as a payment method.

Aeternity is another popular GPU-minable cryptocurrency that was founded by Yanislav Malahov in 2016. The Aeternity blockchain uses both proof of work and proof of stake consensus mechanisms. The proof of work mechanism is called Cuckoo Cycle, an ASIC-resistant and power-efficient algorithm. 

To mine AE with a GPU, get a card with a minimum memory of 4GB and download mining software. Next, configure it, and you will start receiving AE in your wallet.

The main block on the Aeternity blockchain is created every 180 seconds. Also, the team behind this project has not provided a maximum coin supply.

Beam is another cryptocurrency that at-home miners can mine using a GPU with a minimum memory of 4GB. Beam uses an altered version of Equihash (150,5) PoW mining algorithm called Beam Hash III. Additionally, it runs on the Mimblewimble and LelantusMW blockchain protocols. The team behind Beam launched the project in 2018.

Beam has a maximum coin supply of 262,800,000 and a block time of about one minute.

On the Beam website, you can find the mining software compatible with Nvidia and AMD graphics cards. Simply download this software and configure it to start mining BEAM.

Komodo is another GPU-friendly cryptocurrency that uses the Equihash PoW mining algorithm. The development of this blockchain began back in 2014. Since 2019, Komodo has been offering secure and interoperable blockchain solutions to businesses.

Originally, Komodo was a fork of Zcash, but developers have since updated it with new features like smart contracts. Moreover, Komodo utilizes a PoW consensus mechanism called delayed PoW (dPoW). dPoW uses the Bitcoin blockchain to keep the Komodo blockchain secure.

You can acquire KMD by downloading mining software and configuring it with a wallet and mining pool.

The total KMD supply is 200 million and the block time is 60 seconds.

Feathercoin is an open-source cryptocurrency that supports GPU miners. At-home miners can also use a CPU, however, GPUs are more efficient. The mining algorithm is NeoScrypt, which favors GPU mining.

The origin of Feathercoin dates back to April 2013, making it one of the oldest altcoins. Also, it offers ‘featherlight’ payments thanks to its fast one-minute block time. Feathercoin provides low-cost payments as well. The total coin supply is 336 million.

You will need software like Cudaminer to start mining FTC. Furthermore, the Feathercoin community recommends P2Pool as the best mining pool.

Just because you can mine specific crypto with a GPU does not necessarily mean you should, or whether you will be able to do it profitably. Do your homework to better understand what the prospect is for the cryptocurrency you could mine. Does it have an actual use case? Is its user base growing? Should you hold or sell the crypto you mine immediately?

Keep in mind mining cryptocurrency is not without risks as the value of the cypto you are mining can fluctuate widely. You should never invest more in mining than you can afford to lose.

The Japan Virtual and Crypto assets Exchange Association (JVCEA), an industry group that includes 29 domestic cryptocurrency exchanges and derivatives traders, disclosed yesterday that the nation’s virtual currency deposits hit a record high in March, soaring to 1.41 trillion yen, or about US$13 billion. The amount is nearly seven times that of last year’s crypto deposits for the same month.

Some analysts pointed to President Joe Biden’s recently passed US$1.9 trillion Covid-19 stimulus package boosting Bitcoin’s bull run, which lured more Japanese investment into the nation’s crypto market. But in a country where cash remains popular, questions remain about whether the recent spike in Japan’s crypto adoption would continue rising. In a February Statista Global Consumer Survey of 74 countries, Japan had among the smallest proportion of respondents — just 4% — saying they used crypto, and Japan tied with Denmark for dead last in the world when it came to crypto adoption.

So is Japan’s crypto deposits surge a turning point and harbinger of longer-term trends?

Japan’s crypto scene flowered early, but investors experienced repeated trauma.

First came Mt. Gox, a Tokyo cryptocurrency exchange launched in 2010 that saw 850,000 Bitcoins go missing before shutting down in April 2014. Though 200,000 of the coins were later located, the estimated US$450 million in losses not only rendered Gox insolvent but also badly shook investors’ faith in the still-nascent industry.     

Then Coincheck happened.

JVCEA, a “self-regulating cryptocurrency initiative,” was formed in the wake of the infamous January 2018 Coincheck hack, which resulted in the loss of US$530 million in the form of NEM (XEM) tokens. The hack was later revealed to have been enabled by the exchange storing crypto insecurely in a single hot wallet. Though Coincheck refunded customers afterward, the exchange came under extreme criticism from investors as well as government officials, and Japan’s regulatory landscape would change dramatically soon after.

In October the same year, with updated regulations and classifications previously issued for virtual asset service providers (VASPs), Japan’s Financial Services Authority granted JVCEA self-regulatory status, effectively allowing the association to govern member exchanges, setting a new standard for cryptocurrency regulation in Japan.

The result was two-fold. Tokyo and other city centers, which had enjoyed a proliferation of independent Bitcoin ATMs, active merchant adoption and OTC trading, now found themselves facing licensing fees and new tax requirements. The peer-to-peer crypto that had eliminated the need for third-party financial institutions was being regulated by the same. On the one hand, this meant individual adoption was set back. On the other, institutional adoption made crypto feel safer to the average investor.

One example of the trend toward normalizing crypto in the eyes of concerned investors is the recently announced marketing partnership between NEM and Nikkei Sangyo Kokokusha, which is part of Japan’s financial media giant, Nikkei Group. 

“The strength of our team and network of strategic partners in Japan ensure that we continue to expand our presence in the country,” David Mansell, NEM’s chief operating officer, told Forkast.News. He added that NEM recently was among the first blockchain to be represented at FINSUM, one of Japan’s leading Fintech conferences. “We’re proud of the strong engagement from the Japanese community, who have led exciting initiatives, such as enabling Symbol (XYM) payments at local events this April.”

When it comes to the most traded cryptocurrencies by transaction amount on member exchanges, JVCEA’s update shows the top 10 coins: Bitcoin (BTC), Ethereum’s Ether (ETH), Ripple (XRP), NEM (XEM), Qtum (QTUM), Basic Attention Token (BAT), Stellar (XLM), Bitcoin Cash (BCH), MonaCoin (MONA), and Litecoin (LTC), in that order. The list was compiled via info from the exchanges and only includes coins handled by at least three member groups.

Continued record-setting developments in Japan could portend crypto’s popularity is no passing fad. Nexon, a section-1-listed company on the Tokyo Stock Exchange, recently announced their purchase of US$100 million worth of Bitcoin — a first for a domestic listed company, according to local sources. 

“Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets,” Nexon’s CEO Owen Mahoney said today, in a press release. “In the current economic environment, we believe bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”

Though the 1,717 bitcoins purchased are reported to make up “less than 2% of Nexon’s total cash and cash equivalents on hand,” the move nonetheless puts the Japan-based gaming company in a select club with other crypto-holding giants, like U.S.-listed Tesla and Square.

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Everybody is waiting for the most important Bitcoin (BTC) halving that is happening in a bit less than a month from now, but this is not the only popular crypto coin that is going to have its halving this year (4000 blocks remaining), tough without a doubt the most anticipated one for sure. Bitcoin started at 50 BTC per block, then the first halving after 4 years reduced it to 25 coins, the second halving in another four years further reduced it to 12.5 BTC (the current block reward) and the upcoming next one will reduce he reward in half once more to 6.25 BTC per block. F2Pool has a list of upcoming halvings for this year with interesting information about the coins listed that you might want to check out if interested and below you can find a bit more information about what other popular crypto coins will have their halvings by the end of the year.

In just 12 days the closest upcoming halving or more specifically block reward reduction is for DASH where the current block reward of 1.55 DASH will be reduced to 1.43933 DASH after about 7100 more blocks expected to happen near the end of this month. In 18 days there will be a halving of PascalCoin (PASC) from 50.0 PASC down to 25 PASC per block, then there is Bitcoin Diamond (BCD) halving in about 107 days with block reward dropping from the current 125 BCD to 62.5 BCD. ZelCash (ZEL) will follow next in about 110 days with block reward going down from the current 112.5 ZEL to 56.25 ZEL, then Monacoin (MONA) will also half from 25 MONA to 12.5 MONA in about 139 days. Zcoin (XZC) also has a halving this year in 161 days with block reward going down from 14 XZC to 7 XZC, Callisto (CLO) will half in 182 days, then Zcash (ZEC) halves in 216 days and then in 229 days Horizen (ZEN).

– For more information about F2Pool’s listing of Upcoming Halvings of popular crypto coins…