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The Dark Side of Web3: Understanding the Risks of Malicious Smart Contracts

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Web3 has revolutionized the way we interact with digital services by enabling decentralized applications (dApps) and smart contracts. Despite its innovative potential, the technology is not without its risks. One of the most concerning aspects of Web3 is the potential for smart contracts to be written with malicious intent, allowing developers to steal users’ funds. …

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tokenization

Tokenization and the Future of Investment: Pros, Challenges, and Impact

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Tokenization is a transformative concept that has emerged as a prominent topic within the cryptocurrency and blockchain industry. The concept of tokenizing assets involves creating digital tokens that represent ownership of real-world assets, allowing for a more efficient and secure investment landscape. In this article, we will explore the process of tokenization, its impact on …

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Study Reveals Over 30% of Crypto Investment TikTok Videos Contain Misleading Information

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A recent study found that many TikTok influencers share misleading videos about Bitcoin and other cryptocurrencies. TikTok is popular with young people, and some influencers are spreading wrong information about crypto investments, trying to get viewers to invest in risky cryptocurrencies. These influencers use the hashtag “#cryptok” in their videos. The study looked at 1,161 …

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Decentralized crypto exchange (DEX) Vs Central crypto exchange : Top 10 Crypto Exchanges

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A central crypto exchange is a platform where users can trade cryptocurrencies through a centralized entity, which manages the platform and facilitates transactions between users. These exchanges typically require users to deposit funds into their accounts on the exchange, which can then be used to purchase or sell cryptocurrencies. In contrast, a decentralized crypto exchange …

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Understanding Circulating Supply: Its Impact on Crypto Price, Stability, and Investment Potential

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As a crypto expert, circulating supply refers to the number of a specific cryptocurrency’s tokens or coins that are currently available in the market for buying, selling, and trading. It is an important factor in understanding a cryptocurrency’s market dynamics and price behavior. Circulating supply can impact the price and stability of a coin in …

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SEC Lawsuit Against Ripple: Implications for XRP Investors and the Future of the Token

SEC Lawsuit Against Ripple: Implications for XRP Investors and the Future of the Token

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The SEC (U.S. Securities and Exchange Commission) filed a lawsuit against Ripple Labs, the company behind the Ripple (XRP) cryptocurrency. The SEC accused Ripple of conducting unregistered security offering by selling XRP tokens to investors. The lawsuit matters because, according to the SEC, Ripple should have registered XRP as a security. Registering a security means …

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Meme Coin - TruthGPT

Meme coins : Squid Game Token (SQUID), TruthGPT, Bitconnect (BCC)

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Meme coins are cryptocurrencies that are created based on popular internet memes or viral trends. While some of these coins may have legitimate use cases or communities behind them, many others are created as part of pump-and-dump schemes, in which the creators artificially inflate the price of the coin before selling off their holdings and …

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Step by Step Guide on Building Web3 Application

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Building a Web3 solution involves several tools and technologies that enable developers to create decentralized applications (dApps) on blockchain platforms. Here is a step-by-step guide to the tools required for building a Web3 solution: Choose a blockchain platform The first step is to choose a suitable blockchain platform that supports smart contracts and decentralized applications. …

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Unlocking the Future of Finance: A Comprehensive Guide to Web3 and DeFi Explained for Beginners

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Web3 and DeFi are two important concepts in the blockchain and cryptocurrency space, often used interchangeably. However, they have distinct differences and similarities. As a crypto and blockchain expert, let me explain these concepts in simple language, with references from industry experts. Web3 (Web 3.0) Web3, also known as Web 3.0 or the decentralized web, …

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