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Binance Will Support the Kaia (KLAY) Rebranding to Kaia (KAIA)
https://www.binance.com/en/support/announcement/f75f933759ee49d0af1dfbce7e32144c
https://www.binance.com/en/support/announcement/f75f933759ee49d0af1dfbce7e32144c
Trading Crypto Guide ™
#TOTAL MARKET CAP : #TOTAL gave a fakeout to the downside as expected, now index started moving back and forth on the zone. Price forming a triangle pattern in LTF and need to see some sort of breakout of the zone. Overall, structure tend to bearish, so correction…
We can gauge short-term holders' reaction to market sentiment shifts by comparing the cost basis of spending new investors to that of all new investors. This difference, when normalized by spot price, highlights periods of overreaction to extreme profit or loss conditions. Recently, investors who bought in the last 155 days have shown more confidence than in previous bear markets, with the magnitude of realized losses remaining relatively low compared to their cost basis. This suggests a more resilient sentiment among newer Bitcoin holders despite the market downturn.
Trading Crypto Guide ™
What Is a Sybil Attack? In a Sybil attack, a malicious actor attempts to gain control over a network by creating multiple identities and using them to manipulate the network's consensus, such as by voting multiple times on a blockchain. The attacker does…
Types of Sybil Attacks
The most common type of Sybil attack is a double-spend attack. In a double-spend attack, a malicious actor creates multiple fake identities, or Sybils, and uses them to send the same transaction to multiple nodes on the network. This allows the attacker to spend the same coins multiple times, resulting in a double-spend transaction.
Another type of Sybil attack is a selfish mining attack. In a selfish mining attack, a malicious actor attempts to gain control of the blockchain by creating a large number of Sybils and using them to mine blocks faster than the rest of the network. This gives the attacker a disproportionate share of the network’s mining rewards and reduces the security of the blockchain.
A Sybil attack can also be used to launch a 51% attack. In a 51% attack, a malicious actor creates a large number of Sybils and uses them to control more than 50% of the nodes on the blockchain. By controlling more than 50% of the nodes, they can control all transactions on the network. They can prevent any transactions from being processed, censor specific transactions or double-spend coins. It could also be used to manipulate the blockchain's consensus rules and dictate which changes to the network will be accepted.
Finally, a Sybil attack can also be used to disrupt the network by flooding it with bogus transactions. The attacker can clog the network with fake transactions, making it more difficult to process legitimate transactions.
How to Prevent Sybil Attacks?
- Implement a reputation system that is used to identify and block malicious actors and limit their ability to create multiple identities. Reputation systems can also be used to track user's activity on the network and assign them a score that determines the trustworthiness of their transactions.
- Use cryptographic identity verification to create a secure and verifiable identity for each user on the network. This can help to ensure that malicious actors cannot create multiple identities.
- Implement a proof-of-stake consensus algorithm by requiring users to stake a certain amount of their coins to participate in the consensus process. This means that users cannot create multiple identities to control a majority of the network’s hash power.
The most common type of Sybil attack is a double-spend attack. In a double-spend attack, a malicious actor creates multiple fake identities, or Sybils, and uses them to send the same transaction to multiple nodes on the network. This allows the attacker to spend the same coins multiple times, resulting in a double-spend transaction.
Another type of Sybil attack is a selfish mining attack. In a selfish mining attack, a malicious actor attempts to gain control of the blockchain by creating a large number of Sybils and using them to mine blocks faster than the rest of the network. This gives the attacker a disproportionate share of the network’s mining rewards and reduces the security of the blockchain.
A Sybil attack can also be used to launch a 51% attack. In a 51% attack, a malicious actor creates a large number of Sybils and uses them to control more than 50% of the nodes on the blockchain. By controlling more than 50% of the nodes, they can control all transactions on the network. They can prevent any transactions from being processed, censor specific transactions or double-spend coins. It could also be used to manipulate the blockchain's consensus rules and dictate which changes to the network will be accepted.
Finally, a Sybil attack can also be used to disrupt the network by flooding it with bogus transactions. The attacker can clog the network with fake transactions, making it more difficult to process legitimate transactions.
How to Prevent Sybil Attacks?
- Implement a reputation system that is used to identify and block malicious actors and limit their ability to create multiple identities. Reputation systems can also be used to track user's activity on the network and assign them a score that determines the trustworthiness of their transactions.
- Use cryptographic identity verification to create a secure and verifiable identity for each user on the network. This can help to ensure that malicious actors cannot create multiple identities.
- Implement a proof-of-stake consensus algorithm by requiring users to stake a certain amount of their coins to participate in the consensus process. This means that users cannot create multiple identities to control a majority of the network’s hash power.
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC gave a successful breakout of the strong resistance area and now expected to have a retest now. Daily candle looks healthy and looking for a price to hit $70,000 sooner.
#BTC still making higher high and higher lows on H4 TF, and we can still anticipate a pullback tp the support zone before moving up. The next major key which can push the price down is $69,000 - $70,000 area.
Trading Crypto Guide ™
#CELO have a break below and started forming a small range too. Now, price action is very clear and expected to move in the direction with clean candle closure.
#CELO made a break to the upside and had a immediate retest back to support and push around 19% in profits. I hope you secured some profit with the rising market. If a pullback came into the $0.75 area, then we can take another long too.
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC still making higher high and higher lows on H4 TF, and we can still anticipate a pullback tp the support zone before moving up. The next major key which can push the price down is $69,000 - $70,000 area.
#BTC didn't have retest and again attempting to move higher towards the $70,000 mark. By the next week we can expect either a minor retracement then a rally up or a straight into the Next Major Level at $70,000.
We can gauge the reaction intensity of Short-Term Holders by comparing their cost basis to that of all new investors. This difference reveals their collective confidence, especially when normalized by the spot price. It highlights periods when new investors overreact to extreme profit or loss conditions.
In recent months, new investors (those who acquired coins in the last 155 days) have shown greater confidence compared to previous bearish trends. The losses they've locked in are relatively low compared to their cost basis, indicating stronger market belief.
In recent months, new investors (those who acquired coins in the last 155 days) have shown greater confidence compared to previous bearish trends. The losses they've locked in are relatively low compared to their cost basis, indicating stronger market belief.
What are synthetic assets?
Synthetic assets are essentially tokenized derivatives. In the traditional financial world, derivatives are representations of stocks or bonds that a trader does not own but wants to buy or sell. In essence, if you want to profit from the price fluctuations of a stock that you don’t own, you can do this through a derivative. Synthetic assets, or tokenized derivatives, take this process one step further by adding the record for the derivative on the blockchain and essentially creating a cryptocurrency token for it.
In essence, synthetic assets create a blockchain record for the relationship between the underlying asset and the purchaser. Derivatives are becoming increasingly popular in the cryptocurrency world as they allow investors to bank on the fluctuations of various tokens without having to own any of these tokens in their wallets. In this sense, synthetic assets also gain traction with DeFi enthusiasts because they bring a tool available to traditional traders into the crypto world.
Synthetic assets essentially allow investors to tokenize and trade with anything. Using a derivative to tie the value to an already existing asset and then create a token for this derivative, investors can easily trade anything on the blockchain. One of the main reasons why synthetic assets are becoming a preferred method of investing is because of the added security and traceability. While traditionally trading happens on centralized exchanges, with synthetic assets, all trades happen on the blockchain. This guarantees traders both their anonymity, if they wish to remain unnamed, and their security, as all transactions are recorded in the distributed ledger.
With the rise of interest towards synthetic assets, more and more DeFi solutions enter the market. New synthetic asset exchanges are emerging on various blockchains to allow traders maximum flexibility and cheaper gas fees. Synthetix is probably the biggest and most popular synthetic asset exchange. As one of the first exchanges worldwide to be specifically created for trading tokenized derivatives, Synthetix is a leader in this niche market. Cream Finance and MakerDAO are two popular alternatives to Synthetix.
Synthetic assets are essentially tokenized derivatives. In the traditional financial world, derivatives are representations of stocks or bonds that a trader does not own but wants to buy or sell. In essence, if you want to profit from the price fluctuations of a stock that you don’t own, you can do this through a derivative. Synthetic assets, or tokenized derivatives, take this process one step further by adding the record for the derivative on the blockchain and essentially creating a cryptocurrency token for it.
In essence, synthetic assets create a blockchain record for the relationship between the underlying asset and the purchaser. Derivatives are becoming increasingly popular in the cryptocurrency world as they allow investors to bank on the fluctuations of various tokens without having to own any of these tokens in their wallets. In this sense, synthetic assets also gain traction with DeFi enthusiasts because they bring a tool available to traditional traders into the crypto world.
Synthetic assets essentially allow investors to tokenize and trade with anything. Using a derivative to tie the value to an already existing asset and then create a token for this derivative, investors can easily trade anything on the blockchain. One of the main reasons why synthetic assets are becoming a preferred method of investing is because of the added security and traceability. While traditionally trading happens on centralized exchanges, with synthetic assets, all trades happen on the blockchain. This guarantees traders both their anonymity, if they wish to remain unnamed, and their security, as all transactions are recorded in the distributed ledger.
With the rise of interest towards synthetic assets, more and more DeFi solutions enter the market. New synthetic asset exchanges are emerging on various blockchains to allow traders maximum flexibility and cheaper gas fees. Synthetix is probably the biggest and most popular synthetic asset exchange. As one of the first exchanges worldwide to be specifically created for trading tokenized derivatives, Synthetix is a leader in this niche market. Cream Finance and MakerDAO are two popular alternatives to Synthetix.
Trading Crypto Guide ™
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Trading Crypto Guide ™
#BITCOIN DAILY TF UPDATE : #BITCOIN on Daily TF, rejected sharply from the support zone and approaching the a flip level of $64,500 - $65,000. Its now stuck in a range now, need to see some sort of price movement of the $65,000 again with a Healthy Daily…
Trading Crypto Guide ™
Here's the Analysis of #ARKM : #ARKM moving with in the flip zones of around $1.33 - $1.36 and $1.69 - $1.75 and moving with the triangle pattern too. Its a Pretty tradable range of 20% so you can take LTF buys with added confluence towards the resistance…
#ARKM invalidated the pattern but took the support which tends in breaking the resistance area of $1.69 - $1.75 and price started consolidating over it. Also, price building a Head & Shoulder Pattern which is a reversal pattern but due to bullishness in price, is expected to move higher.
The cost of long-side leverage in the Bitcoin market has dropped dramatically from $120M per month during the March peak to just $10.8M now, after hitting a low of $1.7M in mid-September. While there's been a slight uptick in leveraged long positions recently, it's still far below January 2023 levels. This sharp decline indicates a significant cooling in the market during the current correction, suggesting reduced speculative interest among traders.
What Is a T-Address (Zcash)?
Zcash (ZEC) is one of the cryptocurrencies that are focused on providing their users with a way to remain fully anonymous when transacting on the blockchain via, among other things, the use of zero-knowledge proofs. Another prominent example of a similarly fully anonymous cryptocurrency is Monero (XMR).
By default, all transactions on a public blockchain, such as that of Bitcoin (BTC) or Ethereum (ETH), are fully transparent. While there are no names directly attached to the addresses, everyone can plainly see both the sending and the receiving addresses and the precise amount sent for every single transaction on the network. The emergence of the field of blockchain forensics in recent years takes advantage of this fact, as it has allowed for much easier identification and association of real people with the cryptocurrency transactions they make.
As a result of this degradation of privacy, several cryptocurrencies have emerged that make extensive use of cryptographic technologies to allow for increasingly anonymous transactions without the need to decrease the transparency of blockchains by turning them private.
Zcash is one such cryptocurrency that, in particular, takes advantage of the zero-knowledge proof (ZKP) technology, which allows one party to confirm that an event (such as a blockchain transaction) has indeed taken place, without the need to reveal any other information whatsoever.
While greatly beneficial in some contexts, fully anonymous transactions are not always desirable. Because of that, Zcash uses two different but fully interoperable types of addresses: z-addresses (private) and t-addresses (transparent).
When a user wants to send a transparent transaction – for example, for the purposes of auditing or legal compliance – they use the t-address, which will make the transaction look just like it was made on a fully public blockchain. This is opposed to z-addresses, which are fully anonymous: the only publicly known fact about the transactions between them is that they have occurred, while the sending and receiving addresses and the amounts sent remain secret.
Zcash (ZEC) is one of the cryptocurrencies that are focused on providing their users with a way to remain fully anonymous when transacting on the blockchain via, among other things, the use of zero-knowledge proofs. Another prominent example of a similarly fully anonymous cryptocurrency is Monero (XMR).
By default, all transactions on a public blockchain, such as that of Bitcoin (BTC) or Ethereum (ETH), are fully transparent. While there are no names directly attached to the addresses, everyone can plainly see both the sending and the receiving addresses and the precise amount sent for every single transaction on the network. The emergence of the field of blockchain forensics in recent years takes advantage of this fact, as it has allowed for much easier identification and association of real people with the cryptocurrency transactions they make.
As a result of this degradation of privacy, several cryptocurrencies have emerged that make extensive use of cryptographic technologies to allow for increasingly anonymous transactions without the need to decrease the transparency of blockchains by turning them private.
Zcash is one such cryptocurrency that, in particular, takes advantage of the zero-knowledge proof (ZKP) technology, which allows one party to confirm that an event (such as a blockchain transaction) has indeed taken place, without the need to reveal any other information whatsoever.
While greatly beneficial in some contexts, fully anonymous transactions are not always desirable. Because of that, Zcash uses two different but fully interoperable types of addresses: z-addresses (private) and t-addresses (transparent).
When a user wants to send a transparent transaction – for example, for the purposes of auditing or legal compliance – they use the t-address, which will make the transaction look just like it was made on a fully public blockchain. This is opposed to z-addresses, which are fully anonymous: the only publicly known fact about the transactions between them is that they have occurred, while the sending and receiving addresses and the amounts sent remain secret.