Crypto speak: Mint
In the crypto world, “mint” is the process of creating a new token on a blockchain.
Oftentimes, minting refers to creating an NFT or an entire collection (“We minted an NFT collection”), but it’s the same process for issuing cryptocurrencies and other tokens.
We use this word because the process is akin to central banks using machines to print (or mint) money. However, it’s understandable if it’s difficult to fathom how something can be digitally “minted.”
In the crypto world, “mint” is the process of creating a new token on a blockchain.
Oftentimes, minting refers to creating an NFT or an entire collection (“We minted an NFT collection”), but it’s the same process for issuing cryptocurrencies and other tokens.
We use this word because the process is akin to central banks using machines to print (or mint) money. However, it’s understandable if it’s difficult to fathom how something can be digitally “minted.”
Plena has raised $5 million in funding
Plena, a cryptocurrency wallet that utilizes account abstraction technology, has reported raising $5 million.
Big Brain Holdings, Dewhales, Normie Capital, Founderheads, Galxe, SpartaDex, CSP DAO, AITECH, Decubate, GBV Capital, Dutch Crypto Investors, DEC.ventures, Poolz Finance and a number of angel investors participated in the round.
Plena, a cryptocurrency wallet that utilizes account abstraction technology, has reported raising $5 million.
Big Brain Holdings, Dewhales, Normie Capital, Founderheads, Galxe, SpartaDex, CSP DAO, AITECH, Decubate, GBV Capital, Dutch Crypto Investors, DEC.ventures, Poolz Finance and a number of angel investors participated in the round.
📝 BNB: Why a move to $650 next week is not impossible — source
AMBCrypto
BNB: Why a move to $650 next week is not impossible
BNB’s price was about to break above a bull pattern, which could result in a 40% bull rally in the coming days.
Crypto speak: WAGMI
WAGMI stands for “We’re all going to make it.” It is mainly used in the context of making a profit or benefiting from purchasing a digital asset.
Often people write “WAGMI” in their posts concerning a specific project when it introduces positive updates, reports on airdrops or pleasant novelties, or simply shows growth. Crypto traders can use the abbreviation when they open positions to buy cryptocurrency or hold it in a bear market.
In general, the phrase “We’re all going to make it” hides a strong psychological impact. It reminds crypto enthusiasts that they are not alone. There is a whole community behind them, ready to support the value of their favorite cryptocurrency or NFT collection.
WAGMI stands for “We’re all going to make it.” It is mainly used in the context of making a profit or benefiting from purchasing a digital asset.
Often people write “WAGMI” in their posts concerning a specific project when it introduces positive updates, reports on airdrops or pleasant novelties, or simply shows growth. Crypto traders can use the abbreviation when they open positions to buy cryptocurrency or hold it in a bear market.
In general, the phrase “We’re all going to make it” hides a strong psychological impact. It reminds crypto enthusiasts that they are not alone. There is a whole community behind them, ready to support the value of their favorite cryptocurrency or NFT collection.
Crypto speak: CeDeFi
“CeDeFi” is the perfect fusion of centralized and decentralized finance, where the best of both systems are engaged.
Binance CEO Changpeng Zhao coined the term “CeDeFi” in September 2020 during the launch of BNB Smart Chain.
Naturally, the most hardcore crypto proponents remain in DeFi and refuse to accept any level of centralization 😎
“CeDeFi” is the perfect fusion of centralized and decentralized finance, where the best of both systems are engaged.
Binance CEO Changpeng Zhao coined the term “CeDeFi” in September 2020 during the launch of BNB Smart Chain.
Naturally, the most hardcore crypto proponents remain in DeFi and refuse to accept any level of centralization 😎
Which would you choose: $200 million of criminal money or $20 million of legitimate money?
We’ve got another interesting hacking case study for you. Decentralized platform Mixin Network published a message in which it offered hackers a $20-million reward for the return of stolen funds.
On Saturday, September 23, attackers hacked into the database of decentralized wallet provider Mixin Network and withdrew $200 million.
The situation is already a familiar one: Hackers hack a certain protocol for a large sum, and the creators of the site offer to forego any legal prosecution, statements to the police, etc. for a smaller sum.
Now, the attackers have a choice: keep the $200 million of “dirty” money, which will be difficult to cash out without getting caught by investigators, or make a deal and take $20 million while receiving security guarantees.
Which would you choose? :)
We’ve got another interesting hacking case study for you. Decentralized platform Mixin Network published a message in which it offered hackers a $20-million reward for the return of stolen funds.
On Saturday, September 23, attackers hacked into the database of decentralized wallet provider Mixin Network and withdrew $200 million.
The situation is already a familiar one: Hackers hack a certain protocol for a large sum, and the creators of the site offer to forego any legal prosecution, statements to the police, etc. for a smaller sum.
Now, the attackers have a choice: keep the $200 million of “dirty” money, which will be difficult to cash out without getting caught by investigators, or make a deal and take $20 million while receiving security guarantees.
Which would you choose? :)