Wednesday, February 8, 2023
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Smart Contracts without Admin Rights Are Crucial for Trustless Decentralized Finance

The primary objective of decentralized finance is to create a world where no trust is needed.When people think of decentralized finance, they automatically assume there are no risks. After all, intermediaries don’t exist, and everything is trustless. However, smart contracts can still contain admin rights, which puts all users at

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Smart contracts to power day-to-day Web3 company operations

Web3 firm MetisDAO Foundation launched Koris, a smart contract-based platform that allows decentralized organizations to operate and manage communities through an end-to-end operational infrastructure.In an announcement sent to Cryptox, the company said that Koris aims to turn decentralized autonomous organizations (DAOs) into DACs or “decentralized autonomous companies” by providing an operating

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What are perpetual futures contracts in cryptocurrency?

In 1992, economist Robert Shiller proposed a cash-settled futures market called perpetual futures that don’t expire and don’t provide delivery or coverage of the traded asset in order to lower the cost of rolling over or directly holding cryptocurrency contracts. However, such contracts are active only in cryptocurrency markets.

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Orbs Launches TON Verifier to Authenticate Ecosystem’s Smart Contracts Code

The Orbs has gained traction as a public and decentralized blockchain infrastructure operated via permissionless validators and the Proof-of-Stake (PoS) consensus mechanism.Orbs, a layer-3 blockchain solution, has launched its TON verifier, an open-source application to help developers publish certified source code. Consequently, Orbs will significantly increase the trust score on

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Webassembly Smart Contracts Are Going to ‘Pull a Lot of Talent From Web2 to Web3’ – Interview Bitcoin News

Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot “build the innovative future of blockchain alone.” In addition, some critics point to the language

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Kentucky Investigating 2 Proposed Contracts That Would Give Discounted Electricity to Crypto Miners

One proposed contract is between Kentucky Power and Ebon International, LLC, and would give discounted electricity rates to the Ebon Facility, a 250 MW cryptocurrency mining operation in Louisa, Kentucky. The second investigation is into Bitiki-KY, a 13 MW cryptocurrency mining facility in Waverly, KY. Bitki-KY already has a $250,000

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Traders take a neutral position after Ethereum futures contracts see massive liquidations

Ether (ETH) price shed roughly 33% between Nov. 7 and Nov. 9 after an impressive $260 million in future contracts longs (buyers) were liquidated. Traders using leverage were surprised as the price swing caused the largest impact since Aug. 18 at derivatives exchanges.Ether/USD 4-hour price at Bitfinex. Source: TradingViewThe $1,070

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