🚀 Fractal Bitcoin Unveils Tokenomics Model Ahead Of Mainnet Launch
#FractalBitcoin #Tokenomics #MainnetLaunch #Crypto #Blockchain #ProofOfWork #Mining #Ecosystem #CommunityGrants #Presale #CoreContributors #Advisors
According to Foresight News, Fractal Bitcoin has revealed its tokenomics model as it prepares for its mainnet launch in approximately 11 hours. The model outlines the distribution of its total token supply of 210 million tokens, with 80% allocated to the community and 20% to the team and contributors, subject to a lock-up period.
Half of the total supply (50%) will be allocated to Proof of Work (PoW) mining. Additionally, 15% of the tokens will be reserved for the ecosystem treasury, and 10% will be allocated for community grants. Both the ecosystem treasury and community grants have a distribution cap of 10% of the total annual allocation, which will continue for 10 years. Another 5% of the tokens are designated for presale.
The remaining 15% of the tokens will be allocated to core contributors. The unlocking schedule for presale and team tokens has been clearly defined from the outset. According to the terms, these tokens will begin unlocking at the end of the 7th month and will be released linearly until the end of the 12th month. Additionally, 5% of the tokens are currently reserved for current and future advisors, with an annual distribution cap of 20% over a period of 5 years.#FractalBitcoin #Tokenomics #MainnetLaunch #Crypto #Blockchain #ProofOfWork #Mining #Ecosystem #CommunityGrants #Presale #CoreContributors #Advisors
🚀 Bitcoin ATM Growth in the US Raises Cybersecurity Concerns
#Bitcoin #ATMs #Cybersecurity #Cybercrime #Cryptocurrency #Hacking #FinancialFraud #BitcoinDepot #Vigilance #Technology #BTC
According to BlockBeats, the number of Bitcoin ATMs in the United States is rapidly increasing, raising concerns among experts about the growing threat of cybercrime. Bitcoin ATMs function similarly to traditional cash ATMs, requiring a PIN code and a withdrawal fee. However, the high value of cryptocurrencies makes these machines prime targets for hackers. Unlike cash ATMs, which might go unnoticed in a gas station, Bitcoin ATMs attract more attention from criminals.
Timothy Bates, a cybersecurity professor at the University of Michigan's School of Innovation and Technology, stated that these machines are particularly vulnerable to both physical and cyber threats, making them a primary target for hackers and thieves. Data from Frei indicates that nearly 74% of ATMs worldwide are managed by ten operators. The largest Bitcoin ATM operator, Bitcoin Depot, runs over 8,000 machines. Its CEO, Brandon Mintz, mentioned that their machines are designed to prevent hacking but questioned the notion that Bitcoin ATMs are a major target for cybercriminals.
Mintz explained that because the hardware and Bitcoin wallet environment are separate, Bitcoin ATMs are generally not a high-priority target for cybercriminals. He also noted that Bitcoin Depot does not store any Bitcoin locally on the ATMs and has multiple layers of verification and approval processes to prevent unauthorized access to their wallets. Additionally, Mintz pointed out that most Bitcoin ATMs, including those operated by Bitcoin Depot, only accept cash, eliminating the possibility of criminals using card skimmers as they might with traditional cash ATMs. However, he advised users to remain vigilant against scams, noting that basic protocols protecting consumers from traditional financial fraud also apply to the world of cryptocurrencies.#Bitcoin #ATMs #Cybersecurity #Cybercrime #Cryptocurrency #Hacking #FinancialFraud #BitcoinDepot #Vigilance #Technology #BTC
🚀 Stablecoin Market Cap Experiences Slight Decline Over Past Week
#Stablecoin #MarketCap #USDT #DefiLlama #Cryptocurrency #Finance
According to BlockBeats, data from DefiLlama indicates that the total market capitalization of stablecoins has seen a minor decrease of 0.03% over the past week, currently standing at $169.55 billion.
Among the stablecoins, USDT's market capitalization has grown by 0.13%, now reported at $118.178 billion, capturing a market share of 69.7%.#Stablecoin #MarketCap #USDT #DefiLlama #Cryptocurrency #Finance
🚀 Bitcoin(BTC) Drops Below 54,000 USDT with a 1.21% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading #priceupdate
On Sep 08, 2024, 15:17 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 54,000 USDT and is now trading at 53,994.011719 USDT, with a narrowed 1.21% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading #priceupdate
🚀 Elon Musk Unveils Plan For Human City On Mars
#ElonMusk #Mars #SpaceX #Starship #HumanCity #Multiplanetary #Blockchain #Satellites #SpaceExploration #Technology
According to Cointelegraph, SpaceX CEO Elon Musk has outlined an ambitious plan to establish a human city on Mars within the next few decades, starting with uncrewed Starship voyages in 2026. Musk aims to begin crewed trips by the end of the decade if initial tests are successful.
SpaceX plans to launch Starship spacecraft with the goal of landing on Mars in two years, coinciding with the next Earth-Mars transfer window in late 2026. The first flights will be uncrewed to test Starship’s landing capabilities and ensure crew safety. Crewed voyages are expected to commence between two and four years later, depending on the outcomes of these initial tests.
Musk has emphasized the urgency of these missions, citing lower birthrates as a significant threat to humanity. He believes that becoming a multiplanetary species will increase the probable lifespan of human consciousness by not relying solely on Earth.
The ultimate goal of the Mars venture is to build a functional human city within the next 20 years. Musk highlighted the economic and technological challenges, noting that the current cost of transporting useful payloads to Mars is about a billion dollars per ton. This cost needs to be reduced to $100,000 per ton to create a self-sustaining city, requiring a 10,000-fold improvement in technology.
NASA research suggests that blockchain technology could be crucial for advancing space-based logistics and communications. SpaceX, with its extensive network of Starlink satellites, is well-positioned to implement blockchain technology for satellite communication and logistics. A recent report from The Independent indicates that SpaceX has 6,370 active Starlink satellites in low-Earth orbit, controlling more than 62% of all active satellites.#ElonMusk #Mars #SpaceX #Starship #HumanCity #Multiplanetary #Blockchain #Satellites #SpaceExploration #Technology
🚀 BNB Surpasses 500 USDT with a 1.63% Increase in 24 Hours
#BNB #500USDT #cryptocurrency #Binance #marketdata #trading #24hourincrease
On Sep 08, 2024, 22:02 PM(UTC). According to Binance Market Data, BNB has crossed the 500 USDT benchmark and is now trading at 500 USDT, with a narrowed 1.63% increase in 24 hours.#BNB #500USDT #cryptocurrency #Binance #marketdata #trading #24hourincrease
🚀 Ethereum(ETH) Surpasses 2,300 USDT with a 1.62% Increase in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #marketdata #trading
On Sep 08, 2024, 22:21 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,300 USDT benchmark and is now trading at 2,300.679932 USDT, with a narrowed 1.62% increase in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #marketdata #trading
🚀 US August Unemployment Rate Declines, Labor Market Remains Stable
#UnemploymentRate #LaborMarket #USEconomy #JobGrowth #FederalReserve #InterestRates #SoftLanding #CICC #NonFarmPayrolls
According to BlockBeats, a research report by China International Capital Corporation (CICC) on September 9 indicated that the decline in the U.S. unemployment rate for August reflects a reversal of temporary unemployment, aligning with expectations. However, the slowdown in the increase of non-farm payrolls suggests that corporate demand for labor is also decreasing. The positive aspect is that there are no significant signs of mass layoffs, and the number of unemployment benefit claims remains low. This indicates that the labor market remains stable and has not experienced a sharp decline.
Looking ahead, the U.S. economy is still expected to achieve a soft landing, but the Federal Reserve must also take action. The likelihood of the Federal Reserve cutting interest rates by 25 basis points in September is higher, and it may consider further rate cuts depending on the situation thereafter.#UnemploymentRate #LaborMarket #USEconomy #JobGrowth #FederalReserve #InterestRates #SoftLanding #CICC #NonFarmPayrolls
🚀 Catizen Reaches 800,000 Paid Users in Six Months
#Catizen #800000Users #PaidUsers #PLUTOStudio #Investment #ARPPU
According to Odaily, Catizen has achieved a milestone of 800,000 paid users within six months. The average revenue per paying user (ARPPU) stands at $33. Additionally, Catizen's publisher, PLUTO Studio, recently secured an undisclosed investment from The Open Platform.#Catizen #800000Users #PaidUsers #PLUTOStudio #Investment #ARPPU
🚀 Ethereum Surpasses $2300 Mark With 1.5% Increase In 24 Hours
#Ethereum #2300Mark #Crypto #PriceIncrease #Blockchain #ETH
According to BlockBeats, on September 9, Ethereum has broken through the $2300 barrier. The current price stands at $2306.54, reflecting a 1.5% increase over the past 24 hours.#Ethereum #2300Mark #Crypto #PriceIncrease #Blockchain #ETH
🚀 Market Anticipates Lower Volatility Ahead Of US CPI Data Release
#CPI #USCPI #MarketVolatility #FederalReserve #InterestRateCuts #Inflation #EmploymentTrends #EconomicOutlook #RecessionRisk #InvestorsStrategies
According to BlockBeats, the United States is set to release its latest Consumer Price Index (CPI) data this Wednesday, September 9. Options traders generally expect market volatility to be lower than previously anticipated for CPI release days. This shift in expectations is attributed to the ongoing decline in inflation towards the Federal Reserve's target, which has led to preparations for potential interest rate cuts by the Fed. Consequently, the CPI data has become less significant for the stock market. Instead, the focus has shifted to the weakening employment situation and whether the Federal Reserve can avoid a hard landing for the economy.
Eric Diton, President and Managing Director of Wealth Alliance, highlighted that the critical issue for stock market investors is whether the Federal Reserve has delayed interest rate cuts for too long. He noted that the risk of recession is now higher than it was two months ago, making inflation a less pressing concern. The evolving economic landscape has prompted investors to reassess their strategies, with greater attention now being paid to employment trends and the broader economic outlook.#CPI #USCPI #MarketVolatility #FederalReserve #InterestRateCuts #Inflation #EmploymentTrends #EconomicOutlook #RecessionRisk #InvestorsStrategies
🚀 Fractal Bitcoin Experiences 18-Minute Block Production Delay
#FractalBitcoin #BlockProduction #Mempool #Bitcoin #Blockchain #BTC
According to Odaily, Mempool data indicates that Fractal Bitcoin has experienced an 18-minute delay in block production. This delay occurred after the second block was produced at 08:00:18 UTC+8.#FractalBitcoin #BlockProduction #Mempool #Bitcoin #Blockchain #BTC
🚀 Wall Street Donors Urge Changes In FTC And SEC Leadership
#WallStreet #Donors #FTC #SEC #KamalaHarris #LinaKhan #GaryGensler #BarryDiller #ReidHoffman #MarkCuban #PoliticalFunding #TechIndustry #EconomicSectors #CapitalMarkets
According to BlockBeats, major Democratic donors on Wall Street are intensifying their efforts to urge Vice President Kamala Harris's team to replace Federal Trade Commission (FTC) Chair Lina Khan and Securities and Exchange Commission (SEC) Chair Gary Gensler if they win the November election.
Sources familiar with the matter revealed that during calls and fundraising events with Harris's team, these wealthy donors have repeatedly criticized Khan, accusing her of hindering the development of the tech industry and other economic sectors. The discussions about replacing Khan have become more intense since IAC Chairman Barry Diller and LinkedIn co-founder Reid Hoffman publicly called for her removal in July.
Additionally, some insiders noted that donors from both parties are dissatisfied with Gensler, perceiving his attitude towards Wall Street as arrogant. Billionaire Mark Cuban told CNBC this week that he has asked the Vice President's team to consider him for the SEC Chair position.
Despite the ongoing private lobbying, donors are unlikely to stop their contributions over the issue of Khan's tenure. Harris's team has not made a clear stance on Khan's position to the donors. FTC spokesperson Douglas Farrar declined to comment, while an SEC spokesperson stated that their initiatives are aimed at enhancing the efficiency, transparency, and resilience of the U.S. capital markets.#WallStreet #Donors #FTC #SEC #KamalaHarris #LinaKhan #GaryGensler #BarryDiller #ReidHoffman #MarkCuban #PoliticalFunding #TechIndustry #EconomicSectors #CapitalMarkets
🚀 Significant Token Unlocks for APT, XAI, and Render This Week
#APT #XAI #RENDER #TokenUnlocks #Cryptocurrency #MarketNews
According to Foresight News, data from Token Unlocks indicates that this week will see significant token unlocks for Aptos (APT), Xai (XAI), and Render (RENDER), with a total value exceeding $72 million.
Aptos (APT) is set to unlock 11.31 million tokens on September 11 at 18:00 UTC+8, valued at approximately $66.16 million. This release represents 2.32% of its circulating supply.
Xai (XAI) will unlock 35.88 million tokens on September 9 at 17:30 UTC+8, with a value of around $6.36 million, accounting for 6.27% of its circulating supply.
Render (RENDER) is scheduled to unlock 760,000 tokens on September 14 at 08:00 UTC+8, valued at about $3.59 million, which is 0.19% of its circulating supply.
Additionally, io.net (IO) will unlock 2.11 million tokens on September 11 at 20:00 UTC+8, valued at approximately $3.31 million, representing 2.22% of its circulating supply.#APT #XAI #RENDER #TokenUnlocks #Cryptocurrency #MarketNews
🚀 UniSat CEO Addresses Fractal Mainnet Mining Issue
#UniSat #Fractal #Mainnet #Mining #Crypto #Blockchain #Node #MergedMining
According to BlockBeats, on September 9, UniSat founder and CEO Lorenzo announced on his social media platform that during the launch of the Fractal mainnet, block height 2 was mined as a merged mining block. Currently, the nodes require blocks 1 and 2 to be permissionless mining blocks.
Lorenzo stated that the team is urgently working to fix the node behavior and will soon provide a new node version.#UniSat #Fractal #Mainnet #Mining #Crypto #Blockchain #Node #MergedMining
🚀 Fractal Bitcoin Announces PizzaSwap Activation and Voting Platform Launch
#FractalBitcoin #PizzaSwap #BRC20 #blockchain #decentralization #votingplatform #communitydriven
According to BlockBeats, on September 9, Fractal Bitcoin announced on its social media platform that PizzaSwap will be activated at block 21000. Once activated, users will be able to seamlessly exchange Fractal BRC-20 assets through PizzaSwap.
In addition, Fractal will introduce a voting platform that will utilize OP_CAT, enabling Fractal holders to vote on key proposals. This initiative aims to ensure that the growth and development of Fractal remain community-driven.#FractalBitcoin #PizzaSwap #BRC20 #blockchain #decentralization #votingplatform #communitydriven
🚀 Senate Majority Leader Prioritizes AI Over Cryptocurrency Legislation
#Senate #ChuckSchumer #AI #Cryptocurrency #Legislation #Bipartisan #Priorities
According to BlockBeats, on September 9, Fox News journalist Eleanor Terrett reported that U.S. Senate Majority Leader Chuck Schumer sent a letter to his Senate colleagues outlining bipartisan legislative priorities for the remaining months of Congress. Notably, the list did not include cryptocurrency legislation but highlighted artificial intelligence as one of the key priorities.
This stance marks a significant shift from Schumer's previous statements at the Crypto4Harris town hall meeting, where he had emphasized that cryptocurrency legislation would be an urgent priority.#Senate #ChuckSchumer #AI #Cryptocurrency #Legislation #Bipartisan #Priorities
🚀 USDC Treasury Mints Additional 50 Million USDC
#USDC #stablecoin #cryptocurrency #blockchain #marketdynamics #liquidity #financialactivities #minting
According to Odaily, Whale Alert has reported that the USDC Treasury has minted an additional 50 million USDC. This development marks another significant increase in the supply of the stablecoin, which is pegged to the US dollar. The minting of new USDC tokens is a routine process that helps maintain liquidity and stability in the cryptocurrency market. The increase in supply is expected to support various financial activities, including trading, lending, and other blockchain-based transactions. The USDC Treasury's actions are closely monitored by the cryptocurrency community, as they can have significant implications for market dynamics and investor confidence.#USDC #stablecoin #cryptocurrency #blockchain #marketdynamics #liquidity #financialactivities #minting
🚀 Top Trader Eugene Discusses Market Volatility and Future Prospects
#Trader #MarketVolatility #FutureProspects #ContrarianPositioning #PriceIncreases #TradingStrategies #MarketTrends #Investing #StopLoss #Capitalizing
According to BlockBeats, on September 9, top trader Eugene shared his insights on social media regarding the recent six months of market volatility. He described this period as extremely harsh but ultimately constructive in the long term, as it has created conditions for large-scale contrarian positioning.
Eugene noted that market participants have become accustomed to selling during price increases and trading within ranges, as doing otherwise often leads to endless back-and-forth trading or worse outcomes. He emphasized that when the majority decide to hold tokens again, no one will be prepared for what happens next. Those who blindly bought and held have faced significant losses, making such individuals rare in the current market.
He mentioned that the spark for a trend change could be anything. While he did not claim that the market has reached its bottom, he expressed his willingness to make enough attempts, with stop-loss measures in place, to ensure he is among the first to capitalize when a significant upward movement eventually occurs. Eugene stated his readiness to make multiple attempts if necessary to achieve this goal.#Trader #MarketVolatility #FutureProspects #ContrarianPositioning #PriceIncreases #TradingStrategies #MarketTrends #Investing #StopLoss #Capitalizing
🚀 Friend.Tech Token Drops 25.6% in 24 Hours
#FriendTech #FRIENDtoken #cryptocurrency #marketdecline #blockchain #smartcontracts #tradingvolume
According to BlockBeats, the FRIEND token experienced a significant decline over the past 24 hours, dropping by 25.6%. The current price of the token stands at $0.06668, with its market capitalization falling to $6.29 million. The 24-hour trading volume for FRIEND was recorded at $221,000.
In related news, it was reported that the developers of Friend.Tech have relinquished control over the protocol's smart contract as of yesterday. This development may have influenced the recent market performance of the FRIEND token.#FriendTech #FRIENDtoken #cryptocurrency #marketdecline #blockchain #smartcontracts #tradingvolume