#Layer 2 Cryptocurrency

[albertpeter]

Why Should Investors Pay Attention to Layer 2 Cryptocurrency Development in 2024?

In the world of cryptocurrencies, Layer 2 solutions are emerging as a key innovation with the potential to revolutionize the way transactions are processed on blockchain networks. Layer 2 solutions are designed to address the scalability and efficiency challenges faced by popular blockchains like Ethereum, offering faster transaction speeds and lower fees. In 2024, investors should pay close attention to Layer 2 cryptocurrency development for several compelling reasons.

Scalability: One of the primary reasons investors should focus on Layer 2 development is scalability. As the popularity of blockchain networks grows, the demand for faster and more efficient transactions increases. Layer 2 solutions, such as sidechains and state channels, enable blockchain networks to process a larger number of transactions per second, making them more scalable and capable of handling increased transaction volumes.

Reduced Transaction Costs: Another key benefit of Layer 2 solutions is the potential for reduced transaction costs. By offloading transactions from the main blockchain to a secondary layer, Layer 2 solutions can significantly reduce the fees associated with on-chain transactions. This makes cryptocurrencies more affordable to use and can help drive adoption among users and developers.

Improved User Experience: Layer 2 solutions also offer the potential for improved user experience. By reducing transaction times and fees, Layer 2 solutions make it faster and more cost-effective to use cryptocurrencies for everyday transactions. This can help make cryptocurrencies more practical for mainstream use, driving further adoption and growth in the market.

Enhanced Security: While scalability and efficiency are important, security is paramount in the world of cryptocurrencies. Layer 2 solutions are designed to maintain the same level of security as the underlying blockchain, ensuring that transactions conducted on Layer 2 are just as secure as those conducted on the main chain. This helps protect investors and users from potential security threats.

Support for DeFi and NFTs: The rise of decentralized finance (DeFi) and non-fungible tokens (NFTs) has highlighted the need for scalable and efficient blockchain solutions. Layer 2 solutions are well-suited to support the complex transactions and interactions required by DeFi and NFT platforms, making them an essential component of the growing decentralized ecosystem.

Ecosystem Growth: Finally, investors should pay attention to Layer 2 development in 2024 because it has the potential to drive growth and innovation within the cryptocurrency ecosystem. As more projects and developers adopt Layer 2 solutions, we are likely to see a wave of new applications and use cases emerge, further expanding the utility and value of cryptocurrencies.

Conclusion

Layer 2 cryptocurrency development is an exciting and rapidly evolving area that investors should closely monitor in 2024. With its potential to improve scalability, reduce transaction costs, enhance security, and support the growth of DeFi and NFTs, Layer 2 solutions have the potential to significantly impact the future of cryptocurrencies. By staying informed and actively engaging with the Layer 2 ecosystem, investors can position themselves to capitalize on the opportunities presented by this innovative technology.

[intelisync]

Exploring Fault Proofs in Optimism: An Overview

The activation of fault proofs by Optimism marks a significant advancement in Ethereum Layer 2 scaling solutions, completing the first stage of its decentralization plan. This milestone is pivotal for enhancing the network's security and trustlessness, reducing reliance on centralized entities like the Optimism Security Council. Previously, the council monitored transactions and intervened to prevent fraud, but with the new fault proof system, any party can now challenge transactions, moving towards a more decentralized and inclusive network.

Ethereum's high transaction fees have made Layer 2 scaling solutions, such as rollups, essential. Optimism's fault proofs ensure that off-chain transactions are valid by allowing a challenge period where anyone can contest a transaction's validity. If a challenge is raised, a fault proof is provided and verified by the Ethereum mainnet, ensuring that invalid transactions are reverted.

This process significantly enhances the security and integrity of the blockchain. Unlike Arbitrum, which relies on 12 validators, Optimism's fault proof system is designed to be trustless and decentralized, enabling broader participation in transaction verification.

Despite initial challenges with proof generation and verification speeds, Optimism has optimized its fault proof mechanisms to be compatible with Ethereum's Layer 1. This achievement not only improves the security and decentralization of the network but also sets a benchmark for other rollup technologies.

The activation of fault proofs highlights the importance of continuous innovation and rigorous testing in the blockchain space. For more in-depth insights and exclusive research, join our Web3 Sync community on Intelisync and Learn more...

[coinatory]

Arbitrum Fees Surge by 97% Amid Spike in Daily Transactions

Arbitrum, the leading Layer-2 (L2) blockchain by total value locked (TVL), has experienced a significant rise in average transaction fees alongside a surge in daily on-chain activities. According to Dune Analytics, Arbitrum’s daily average transaction fees escalated by 97.8%, reaching $0.015 earlier today, before stabilizing at $0.007. This increase in fees aligns with a substantial growth in daily transactions on the network, which rose from 1.7 million to 2.3 million on June 11. As of now, Arbitrum maintains its position as the largest L2 network with a TVL of $2.97 billion. Despite the surge in fees, it remains competitive among L2 solutions. For comparison, the Zora Network boasts the lowest average transaction fee at $0.0029, while Scroll Network ranks as the most expensive, averaging $0.108 per transaction. The native t

source

[metablog2023]

Can layer-2 solve blockchain intrinsic performance and scalability issues

Can layer-2 solve blockchain intrinsic performance and scalability issues? Layer 2 (L2) solutions can address many of the intrinsic performance and scalability issues of blockchain systems, but they may not completely solve all of them. Here’s how L2 solutions contribute to improving blockchain performance and scalability: Transaction Throughput: L2 solutions, such as state channels and…

[dencyemily]

$XAI Token Skyrockets by 60% in a Week Amid Bitcoin's Cooling Period

The recent surge in XAI Games' native token, $XAI, has garnered significant attention, especially amid Bitcoin's cooling-off period. This impressive 60% surge within a week showcases the interconnected and volatile nature of the cryptocurrency market. Exploring the driving forces behind XAI's rapid valuation growth reveals the pivotal roles played by strategic partnerships, promotional events, and the influence of sector trends.

Key Catalysts for XAI's Surge:

Binance Listing and Airdrop Event: The strategic partnership with Binance has proven instrumental in XAI's valuation growth. Being listed as Binance's 43rd launchpool project and subsequent listing on January 9 opened doors to a vast user base, fueling optimism among altcoin enthusiasts. Additionally, a recent airdrop event by XAI Games, distributing $125 million worth of $XAI tokens to NFT series holders and selected network validators, contributed to increased speculation and buying interest, propelling the token's valuation to an impressive $137 million.

GameFi and Web3 Gaming Resurgence: XAI's surge aligns with the resurgence of the GameFi and Web3 gaming sectors. After a challenging phase in 2022, these sectors are experiencing a notable comeback, driven by the rebounding NFT market and the resilience of projects that weathered the previous bear market. This sectoral revival positions $XAI as an attractive investment option, especially for those optimistic about Ethereum, its layer 2 solutions, and the potential of Web3 gaming.

Current Statistics and Future Trajectory:

While the future trajectory of $XAI remains speculative, the current statistics present a promising picture. With a value of $0.0111965, a 10.09% rise within the day, and an impressive 157.14% increase over the past 7 days, $XAI's recent success vividly illustrates the fluctuating and dynamic character of the cryptocurrency market. Investors and enthusiasts keenly observe how these factors will shape the ongoing momentum of $XAI in the evolving crypto landscape.

[mostlysignssomeportents]

Intuit: “Our fraud fights racism”

Tonight (September 27), I'll be at Chevalier's Books in Los Angeles with Brian Merchant for a joint launch for my new book The Internet Con and his new book, Blood in the Machine. On October 2, I'll be in Boise to host an event with VE Schwab.

Today's key concept is "predatory inclusion": "a process wherein lenders and financial actors offer needed services to Black households but on exploitative terms that limit or eliminate their long-term benefits":

https://journals.sagepub.com/doi/10.1177/2329496516686620

Perhaps you recall predatory inclusion from the Great Financial Crisis, when predatory subprime mortgages with deceptive teaser rates were foisted on Black homeowners (who were eligible for better mortgages), resulting in a wave of Black home theft in the foreclosure crisis:

https://prospect.org/justice/staggering-loss-black-wealth-due-subprime-scandal-continues-unabated/

Before these loans blew up, they were styled as a means of creating Black intergenerational wealth through housing speculation. They turned out to be a way to suck up Black families' savings before rendering them homeless and forcing them into houses owned by the Wall Street slumlords who bought all the housing stock the Great Financial Crisis put on the market:

https://pluralistic.net/2022/02/08/wall-street-landlords/#the-new-slumlords

That was just an update on an old con: the "home sale contract," invented by loan-sharks who capitalized on redlining to rip off Black families. Back when banks and the US government colluded to deny mortgages to Black households, sleazy lenders created the "contract loan," which worked like a mortgage, but if you were late on a single payment, the lender could seize and sell your home and not pay you a dime – even if the house was 99% paid for:

https://socialequity.duke.edu/wp-content/uploads/2019/10/Plunder-of-Black-Wealth-in-Chicago.pdf

Usurers and con-artists love to style themselves as anti-racists, seeking to "close the racial wealth gap." The payday lending industry – whose triple-digit interest rates trap poor people in revolving debt that they can never pay off – styles itself as a force for racial justice:

https://pluralistic.net/2022/01/29/planned-obsolescence/#academic-fraud

Payday lenders prey on poor people, and in America, "poor" is often a euphemism for "Black." Payday lenders disproportionately harm Black families:

https://ung.edu/student-money-management-center/money-minute/racial-wealth-gap-payday-loans.php

Payday lenders are just unlicensed banks, who deploy a layer of bullshit to claim that they don't have to play by the rules that bind the rest of the finance sector. This scam is so juicy that it spawned the fintech industry, in which a bunch of unregulated banks sprung up to claim that they were too "innovative" to be regulated:

https://pluralistic.net/2023/05/01/usury/#tech-exceptionalism

When you hear "Fintech," think "unlicensed bank." Fintech turned predatory inclusion into a booming business, recruiting Black spokespeople to claim that being the sucker at the table in the cryptocurrency casino was actually a form of racial justice:

https://www.nytimes.com/2021/07/07/business/media/cryptocurrency-seeks-the-spotlight-with-spike-lees-help.html

But not all predatory inclusion is financial. Take Facebook Basics, Meta's "poor internet for poor people" program. Facebook partnered with telcos in the Global South to rig their internet access. These "zero rating" programs charged subscribers by the byte to reach any service except Facebook and its partners. Facebook claimed that this would "bridge the digital divide," by corralling "the next billion internet users" into using its services.

The fact that this would make "Facebook" synonymous with "the internet" was just an accidental, regrettable side-effect. Naturally, this was bullshit from top to bottom, and the countries where zero-rating was permitted ended up having more expensive wireless broadband than the countries that banned it:

https://www.eff.org/deeplinks/2019/02/countries-zero-rating-have-more-expensive-wireless-broadband-countries-without-it

The predatory inclusion gambit is insultingly transparent, but that doesn't stop desperate scammers from trying it. The latest chancer is Intuit, who claim that the end of its decade-long, wildly profitable "free tax prep" scam is bad for Black people:

https://www.propublica.org/article/turbotax-intuit-black-taxpayers-irs-free-file-marketing

Some background. In nearly every rich country on Earth, the tax authorities send every taxpayer a pre-filled tax return, based on the information submitted by employers, banks, financial planners, etc. If that looks good to you, you just sign it and send it back. Otherwise, you can amend it, or just toss it in the trash and pay a tax-prep specialist to produce your own return.

But in America, taxpayers spend billions every year to send forms to the IRS that tell it things it already knows. To make this ripoff seem fair, the hyper-concentrated tax-prep industry, led by the Intuit, creators of Turbotax, pretended to create a program to provide free tax-prep to working people.

This program was called Free File, and it was a scam. The tax-prep cartel each took a different segment of Americans who were eligible for Freefile and then created an online house of mirrors that would trick those people into spending hours working on their tax-returns until they were hit with an error message falsely claiming they were ineligible for the free service and demanding hundreds of dollars to file their returns.

Intuit were world champions at this scam. They blocked their Freefile offering from search-engine crawlers and then bought ads that showed up when searchers typed "freefile" into the query box that led them to deceptively named programs that had "free" in their names but cost a fortune to use – more than you'd pay for a local CPA to file on your behalf.

The Attorneys General of nearly every US state and territory eventually sued Intuit over this, settling for $141m:

https://www.agturbotaxsettlement.com/Home/portalid/0

The FTC is still suing them over it:

https://www.ftc.gov/legal-library/browse/cases-proceedings/192-3119-intuit-inc-matter-turbotax

We have to rely on state AGs and the FTC to bring Intuit to justice because every Intuit user clicks through an agreement in which we permanently surrender our right to sue the company, no matter how many laws it breaks. For corporate criminals, binding arbitration waivers are the gift that keeps on giving:

https://pluralistic.net/2022/02/24/uber-for-arbitration/#nibbled-to-death-by-ducks

Even as the scam was running out, Intuit spent millions lobby-blitzing Congress, desperate for action that would let it continue to privately tax the nation for filling in forms that – once again – told the IRS things it already knew. They really love the idea of paying taxes on paying your taxes:

https://pluralistic.net/2023/02/20/turbotaxed/#counter-intuit

But they failed. The IRS has taken Freefile in-house, will send you a pre-completed tax return if you want it. This should be the end of the line for Intuit and other tax-prep profiteers:

https://pluralistic.net/2023/05/17/free-as-in-freefile/#tell-me-something-i-dont-know

Now we're at the end of the line for the scam, Intuit is playing the predatory inclusion card. They're conning Black newspapers like the Chicago Defender into running headlines like "IRS Free Tax Service Could Further Harm Blacks,"

https://defendernetwork.com/news/opinion/irs-free-tax-service-could-further-harm-blacks/

The only named source in that article? Intuit spokesperson Derrick Plummer. The article went out on the country's Black newswire Trice Edney, whose editor-in-chief did not respond to Propublica's Paul Kiel's questions.

Then Black Enterprise got in on the game, publishing "Critics Claim The IRS Free Tax Prep Service Could Hurt Black Americans." Once again, the only named source for the article was Plummer, who was "quoted at length." Black Enterprise declined to tell Kiel where that article came from:

https://www.blackenterprise.com/critics-claim-the-irs-free-tax-prep-service-could-hurt-black-americans/

For Intuit, placing op-eds is a tried-and-true tactic for laundering its ripoffs into respectability. Leaked internal Intuit memos detail the company's strategy of "pushing back through op-eds" to neutralize critics:

https://www.documentcloud.org/documents/6483061-Intuit-TurboTax-2014-15-Encroachment-Strategy.html

Intuit spox Derrick Plummer did respond to Kiel's queries, denying that Intuit was paying for these op-eds, saying "with an idea as bad as the Direct File scheme we don’t have to pay anyone to talk about how terrible it is."

Meanwhile, ex-NAACP director (and No Labels co-chair) Benjamin Chavis has used his position atop the National Newspaper Publishers Association to publish op-eds against the IRS Direct File program, citing the Progressive Policy Institute, a pro-business thinktank that Intuit's internal documents describe as part of its "coalition":

https://www.documentcloud.org/documents/6483061-Intuit-TurboTax-2014-15-Encroachment-Strategy.html

Chavis's Chicago Tribune editorial claimed that Direct File could cause Black filers to miss out on tax-credits they are entitled to. This is a particularly ironic claim given Intuit's prominent role in sabotaging the Child Tax Credit, a program that lifted more Americans out of poverty than any other in history:

https://pluralistic.net/2021/06/29/three-times-is-enemy-action/#ctc

It's also an argument that can be found in Intuit's own anti-Direct File blog posts:

https://www.intuit.com/blog/innovative-thinking/taxpayer-empowerment/intuit-reinforces-its-commitment-to-fighting-for-taxpayers-rights/

The claim is that because the IRS disproportionately audits Black filers (this is true), they will screw them over in other ways. But Evelyn Smith, co-author of the study that documented the bias in auditing says this is bullshit:

https://siepr.stanford.edu/publications/working-paper/measuring-and-mitigating-racial-disparities-tax-audits

That's because these audits of Black households are triggered by the IRS's focus on Earned Income Tax Credits, a needlessly complicated program available to low-income (and hence disproportionately Black) workers. The paperwork burden that the IRS heaps on EITC recipients means that their returns contain errors that trigger audits.

As Smith told Propublica, "With free, assisted filing, we might expect EITC claimants to make fewer mistakes and face less intense audit scrutiny, which could help reduce disparities in audit rates between Black and non-Black taxpayers."

Meanwhile, the predatory inclusion talking points continue to proliferate. Nevada accountants and the state's former controller somehow coincidentally managed to publish op-eds with nearly identical wording. Phillip Austin, vice-chair of Arizon's East Valley Hispanic Chamber of Commerce, claims that free IRS tax prep "would disproportionately hurt the Hispanic community." Austin declined to tell Propublica how he came to that conclusion.

Right-wing think-tanks are pumping out a torrent of anti-Direct File disinfo. This surely has nothing to do with the fact that, for example, Center Forward has HR Block's chief lobbyist on its board:

https://thehill.com/opinion/finance/4125481-direct-e-file-wont-make-filing-taxes-any-easier-but-it-could-make-things-worse/

The whole thing reeks of bullshit and desperation. That doesn't mean that it won't succeed in killing Direct File. If there's one thing America loves, it's letting businesses charge us a tax just for dealing with our own government, from paying our taxes to camping in our national parks:

https://pluralistic.net/2022/11/30/military-industrial-park-service/#booz-allen

Interestingly, there's a MAGA version of predatory inclusion, in which corporations convince low-information right-wingers that efforts to protect them from ripoffs are "woke." These campaigns are, incredibly, even stupider than the predatory inclusion tale.

For example, there's a well-coordianted campaign to block the junk fees that the credit card cartel extracts from merchants, who then pass those charges onto us. This campaign claims that killing junk fees is woke:

https://pluralistic.net/2023/08/04/owning-the-libs/#swiper-no-swiping

How does that work? Here's the logic: Target sells Pride merch. That makes them woke. Target processes a lot of credit-card transactions, so anything that reduces card-processing fees will help Target. Therefore, paying junk fees is a way to own the libs.

No, seriously.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/09/27/predatory-inclusion/#equal-opportunity-scammers

[sevenstorey]

SEJARAH SINGKAT CRYPTOCURRENCY

Tentu, berikut adalah sejarah singkat mengenai cryptocurrency:

1. Awal Mula (1980-an - 1990-an)

1982: Konsep uang digital pertama kali diperkenalkan oleh David Chaum, seorang kriptografer, dengan penerbitan "Blind Signatures for Untraceable Payments" yang menjadi dasar untuk e-cash.

1990-an: Chaum menciptakan DigiCash, salah satu bentuk uang elektronik pertama yang menggunakan kriptografi untuk menjaga privasi transaksi.

2. Bitcoin dan Era Baru (2008 - 2010)

2008: Satoshi Nakamoto, dengan nama samaran, menerbitkan whitepaper berjudul "Bitcoin: A Peer-to-Peer Electronic Cash System" yang memperkenalkan konsep Bitcoin, sebuah mata uang digital terdesentralisasi.

2009: Bitcoin secara resmi diluncurkan dan blok pertama (genesis block) ditambang. Bitcoin adalah cryptocurrency pertama yang menggunakan teknologi blockchain untuk mencatat transaksi secara aman dan transparan.

3. Pertumbuhan dan Inovasi (2011 - 2013)

2011: Cryptocurrency lain mulai muncul, seperti Litecoin, yang dibangun di atas kode Bitcoin dengan beberapa perubahan teknis untuk memperbaiki kelemahan yang ada.

2013: Ethereum diluncurkan oleh Vitalik Buterin, memperkenalkan kontrak pintar (smart contracts) yang memungkinkan pengembangan aplikasi terdesentralisasi (dApps) di blockchain.

4. Masa Depan dan Adopsi (2014 - 2017)

2014: Bitcoin mulai mendapatkan perhatian lebih dari investor institusi dan mainstream. Banyak proyek baru diluncurkan, termasuk sistem pembayaran dan platform blockchain baru.

2017: Bitcoin mencapai titik tertinggi baru dan mendapat perhatian global. Fenomena ICO (Initial Coin Offering) menjadi populer, memfasilitasi pendanaan proyek blockchain dengan cara menerbitkan token baru.

5. Regulasi dan Kemajuan Teknologi (2018 - 2020)

2018: Pasar cryptocurrency mengalami penurunan harga yang signifikan, dikenal sebagai "crypto winter". Namun, banyak proyek terus berkembang dan memperkuat teknologi mereka.

2020: DeFi (Decentralized Finance) menjadi tren besar, memungkinkan layanan keuangan seperti pinjaman dan trading dilakukan secara terdesentralisasi menggunakan smart contracts di blockchain.

6. Evolusi dan Masa Kini (2021 - Sekarang)

2021: Bitcoin dan Ethereum mencapai harga tertinggi baru, dan minat terhadap NFT (Non-Fungible Token) meroket. Banyak perusahaan dan lembaga keuangan besar mulai berinvestasi di cryptocurrency.

2023: Adopsi cryptocurrency semakin meluas dengan peluncuran berbagai solusi layer-2 untuk meningkatkan skalabilitas, serta peningkatan regulasi di berbagai negara untuk mengatur penggunaan dan perdagangan cryptocurrency.

Cryptocurrency terus berkembang dengan inovasi baru dan tantangan, dan dampaknya terhadap ekonomi global serta sistem keuangan masih terus terbentuk.

[albertpeter]

Why Is Layer 2 Token Development Crucial For Scaling Blockchain Networks?

Blockchain technology has gained immense popularity in recent years for its decentralized nature and potential to revolutionize various industries. However, one of the major challenges faced by blockchain networks is scalability. As the number of users and transactions on these networks grows, the need for scalability becomes increasingly critical. Layer 2 solutions offer a promising approach to address this challenge by improving the scalability of blockchain networks. In this article, we will explore why Layer 2 token development is crucial for scaling blockchain networks.

What is Layer 2 Scaling?

Layer 2 scaling solutions are protocols or technologies built on top of existing blockchain networks (Layer 1) that aim to improve scalability without compromising on security or decentralization. These solutions enable faster and cheaper transactions by processing them off-chain or in a separate layer, hence reducing the burden on the main blockchain network.

Benefits of Layer 2 Token Development

Scalability: One of the primary benefits of Layer 2 token development is scalability. By moving transactions off-chain, Layer 2 solutions can significantly increase the transaction throughput of blockchain networks, making them more efficient and scalable.

Reduced Transaction Costs: Layer 2 solutions can also help reduce transaction costs by processing transactions off-chain, which eliminates the need for users to pay high gas fees on the main blockchain network.

Improved User Experience: With faster and cheaper transactions, Layer 2 solutions can provide a better user experience, making blockchain technology more accessible to a wider audience.

Enhanced Privacy: Some Layer 2 solutions offer enhanced privacy features, such as zero-knowledge proofs, which can help protect users' privacy while conducting transactions on the blockchain.

Interoperability: Layer 2 solutions can also improve interoperability between different blockchain networks, enabling seamless transfer of assets and data across multiple networks.

Popular Layer 2 Scaling Solutions

Sidechains: Sidechains are independent blockchains that are pegged to the main blockchain network, allowing users to transfer assets between the two chains. This helps reduce the load on the main blockchain network and improve scalability.

Plasma: Plasma is a framework for creating scalable and secure decentralized applications (dApps) on the Ethereum blockchain. It enables the creation of "child" blockchains that can process transactions off-chain, reducing the burden on the main Ethereum network.

State Channels: State channels allow users to conduct off-chain transactions that are later settled on the main blockchain network. This can help improve scalability and reduce transaction costs for certain types of transactions.

Rollups: Rollups are Layer 2 solutions that bundle multiple transactions into a single transaction that is processed on the main blockchain network. This can help improve scalability and reduce transaction costs.

Conclusion

In conclusion, Layer 2 token development is crucial for scaling blockchain networks. By leveraging Layer 2 solutions, blockchain networks can significantly improve scalability, reduce transaction costs, and enhance the overall user experience. As the demand for blockchain technology continues to grow, Layer 2 scaling solutions will play an increasingly important role in enabling the mass adoption of blockchain technology.

[cashappatmwithdrawallimits]

How Weekly Limits Affect Your Cash App Usage

Cash App has become a versatile tool for managing finances, making transactions, and trading cryptocurrencies. As with many financial platforms, Cash App imposes various limits on transactions to ensure security and compliance with regulations. One common question among users is whether Cash App has a weekly limit on transactions and, if so, how to manage or increase it.

Understanding Cash App Limits

Cash App imposes different limits based on the type of transaction and the user's account verification status. These limits are designed to protect users from fraud and to comply with financial regulations. Cash App weekly limits can vary for different types of transactions, including sending money, withdrawing funds, and buying or selling Bitcoin.

What are the different Cash App Weekly Limits?

**1. Sending Money 

Standard Limits: For unverified accounts, Cash App typically allows you to send up to $250 per week. Once your account is verified, this limit can increase significantly.

Increased Limits: Verified accounts can send up to $7,500 per week. This higher limit is part of Cash App's efforts to provide greater flexibility for users who have completed the necessary identity verification steps.

**2. Receiving Money

Standard Limits: Cash App does not generally impose a specific weekly limit on receiving money. However, there may be restrictions based on the total amount received in a given period or based on your overall account activity.

**3. Bitcoin Transactions

Weekly Limits: Cash App sets limits on Bitcoin transactions, including buying, selling, and withdrawing Bitcoin. The specific limits can vary and are subject to change based on market conditions and account verification.

How to Increase Your Cash App Weekly Limit?

To increase Cash App limit, follow these steps:

Verify Your Identity: Ensure that your account is fully verified by providing the necessary documents, such as a government-issued ID, and completing the selfie verification process.

Link Your Bank Account: Linking a bank account enhances your account's credibility and can increase transaction limits.

Use Direct Deposit: Setting up direct deposit can increase your transaction limits as it adds another layer of financial verification.

Contact Cash App Support: If you need a higher limit than what's automatically available, you can contact Cash App support to request an increase. Be prepared to provide additional information or documentation as requested.

Frequently Asked Questions (FAQs)

1. Does Cash App have a weekly limit on sending money?

Yes, Cash App has a weekly limit on sending money. For unverified accounts, the limit is typically $250 per week. Verified accounts can send up to $7,500 per week.

2. How can I increase my Cash App weekly limit?

To increase Cash App weekly limit, you should verify your identity, link a bank account, and consider using direct deposit. If necessary, contact Cash App support for further assistance.

3. Is there a limit on receiving money through Cash App?

Cash App generally does not impose a specific weekly limit on receiving money. However, there may be restrictions based on overall account activity and transaction history.

4. Are there limits on Bitcoin transactions in Cash App?

Yes, Cash App has limits on Bitcoin transactions, including buying, selling, and withdrawing Bitcoin. Cash App Bitcoin limits can vary and are influenced by your account verification status and other factors.

5. How do I check my current Cash App limits?

To check your current Cash App limits, open the app, go to the "Banking" tab, and review your account settings and limits. You can also contact Cash App support for detailed information on your specific limits.

By understanding and managing these limits, you can optimise your use of Cash App and make the most of its features for your financial needs.

[inside-insightss]

Global Market Meltdown: What Caused the Panic?

Lately, there's been a lot of buzz about the significant downturn in global markets. It's hard not to notice when investors from Japan to India and the United States are losing billions. I wanted to dig deeper into what exactly caused this economic upheaval, so I watched an insightful video that breaks down the primary reasons behind this panic. Here’s a more detailed look at the key points discussed.

Global Market Downturn

The global markets have been on a rollercoaster, but lately, it's been a steep downhill ride. From Japan to India, and even the mighty United States, markets have experienced significant declines. Investors are feeling the heat, with billions of dollars seemingly evaporating overnight. The sense of unease is palpable, and everyone is asking the same question: what's causing this chaos?

Impact on India

India, with its rapidly growing economy, hasn't been immune to this downturn. In fact, the Indian markets saw a substantial loss, with approximately 17 lakh crores wiped off, equating to over $2 billion in a single day. That's an astronomical figure, and it's left many investors and analysts scratching their heads.

Weak Corporate Earnings

One of the primary reasons for this downturn in India is the disappointing first-quarter results from the country’s top 50 companies. There was minimal growth and a decline in profits, which has spooked investors. When corporate giants fail to meet expectations, the ripple effect can be severe, leading to a widespread market selloff.

Rupee Devaluation

Adding to the woes, the Indian rupee hit an all-time low against the US dollar, trading at nearly 84 rupees per dollar. A weak rupee makes imports more expensive and exacerbates inflation, which in turn can erode consumer confidence and spending. This devaluation has added another layer of complexity to an already volatile market.

Recession Fears in the US

Over in the United States, the fear of a looming recession is causing major jitters. Rising unemployment and a slowdown in the manufacturing sector are key indicators that all is not well. Recent data shows that 4.3% of Americans are unemployed, the highest rate in nearly three years. This spike in unemployment, coupled with other economic slowdowns, has investors on edge.

Manufacturing Slowdown

The US manufacturing sector, a critical component of the economy, has been experiencing a significant slowdown. This sector's health often serves as a bellwether for the broader economy. When manufacturing slows down, it not only impacts the sector itself but also sends shockwaves through supply chains, affecting various other industries.

Tensions in West Asia

The geopolitical landscape is another major factor contributing to the market instability. The worsening situation in West Asia, particularly involving Iran and its proxies targeting Israel, has escalated tensions. These geopolitical conflicts create uncertainty and risk, which markets despise. The potential for conflict in this volatile region adds to the already heavy load of negative sentiment.

Impact on Global Markets

The negative sentiment isn't confined to India and the US; it's a global phenomenon. Markets worldwide are facing headwinds. The decline in oil prices and a significant selloff in cryptocurrencies are clear indicators that investors are skittish. The interconnectedness of global markets means that turmoil in one region can quickly spread, creating a domino effect.

Decline in Oil Prices

Oil prices have been another critical factor. Traditionally, oil is seen as a barometer for global economic health. A decline in oil prices can signal weakening demand and economic slowdown. This recent drop in oil prices has only added to the growing list of concerns for investors.

Cryptocurrency Selloff

Cryptocurrencies, once the darlings of the investment world, have not been spared either. A significant selloff in cryptocurrencies has been observed, which further highlights the risk-averse sentiment prevailing among investors. The volatility of these digital assets can be both a cause and a consequence of broader market instability.

Climate Change Concerns

Interestingly, the video also touched on an often-overlooked aspect: climate change. While not directly related to the market meltdown, the mention of climate change serves as a reminder that long-term environmental issues can and will have economic repercussions. The call for action, starting with individual efforts like planting trees, underscores the need for a collective approach to combat these challenges.

Individual Efforts

It's easy to feel helpless in the face of such overwhelming economic and environmental issues. However, small actions, such as planting trees and adopting sustainable practices, can collectively make a significant impact. The idea is to start a revolution from the ground up, emphasizing that everyone has a role to play.

Conclusion

The global market meltdown is a multifaceted issue with no single cause. From weak corporate earnings and currency devaluation in India to recession fears in the US and geopolitical tensions in West Asia, several factors have converged to create the current economic turmoil. The interconnected nature of global markets means that instability in one region can quickly spread, affecting economies worldwide.

For those looking to navigate these turbulent times, staying informed is crucial. Websites like TickerInvest.com provide invaluable insights into stock market investments and the latest financial news. Their expert analysis can help you make informed decisions and stay ahead of the curve.

FAQs

What caused the global market meltdown in 2024? The meltdown was caused by a combination of factors, including weak corporate earnings in India, recession fears in the US, geopolitical tensions in West Asia, and a decline in oil prices and cryptocurrencies.

How has the downturn impacted India? India saw a significant loss, with approximately 17 lakh crores wiped off the market. Contributing factors include weak corporate earnings and the devaluation of the rupee.

Why are recession fears rising in the US? Rising unemployment and a slowdown in the manufacturing sector are key indicators of potential recession, causing concern among investors.

What role do geopolitical tensions play in market instability? Tensions in regions like West Asia create uncertainty and risk, which negatively impact market stability and investor confidence.

How are oil prices and cryptocurrencies affecting the market? A decline in oil prices and a selloff in cryptocurrencies reflect broader economic concerns and risk-averse sentiment among investors.

What can individuals do to help combat climate change? Individual efforts like planting trees and adopting sustainable practices can collectively make a significant impact in addressing climate change.

About TickerInvest.com

TickerInvest.com is a premier platform for financial news, stock market analysis, and investment strategies. Whether you're a seasoned investor or just starting out, TickerInvest.com offers a wealth of resources to help you make informed decisions. Their expert analysis, in-depth articles, and real-time market data ensure you stay ahead of the curve. For anyone looking to maximize their investment returns, TickerInvest.com is an invaluable tool. Check them out today and take your investing game to the next level!

[capital-ix]

Top 4 Next Gen Crypto in 2024

Dogeverse (DOGEVERSE)

DOGEVERSE, is like a spin-off of Dogecoin, the meme-based cryptocurrency. It's all about creating a fun and decentralized world where people can play games, trade digital items called NFTs, and use different apps. According to the Capitalix CoinBrain calculator, 1 DOGEVERSE is ₹0.000000116508.

2.       Slothana (SLOTH)

Slothana (SLOTH) is a new meme coin based on the Solana blockchain. Slothana launched on May 1, 2024 and has seen a 550% increase since then, with a market cap approaching $100 million.

3.       LightLink (LL)

LightLink is an Ethereum Layer 2 blockchain and enterprises offer users instant, gasless transactions. LightLink price today is $0.06597 USD with a 24-hour trading volume of $119902.28 USD.

4.       Mocaverse (MOCA)

Mocaverse (MOCA) is an NFT collection. The current price floor of Mocaverse is $8,965.10, with 258.93 ETH sold in a 24-hour period. As of right now, 2,004 distinct owners hold 8,888 NFTs, which have a total market value of $79,681,787.

[vophuocthien]

Top 5 AI Meme Coins for 2024

Explore the most promising AI-driven meme coins of 2024. We've curated a selection of top AI meme coins for you to consider investing in this year. Uncover their unique features and more in this article.

The AI Meme Coins Trend

Artificial intelligence (AI) is rapidly permeating various sectors, from technology to blockchain. This expansion into the crypto world has been notably well-received, bringing a fresh perspective to the market. AI's integration with meme coins is now captivating even the most experienced traders. 

Unlike Dogecoin and Shiba Inu, which have faced substantial criticism, this emerging trend in AI meme coins is generating positive buzz and substantial excitement. Analysts believe that merging AI with meme coins could potentially transform the industry.

AI enhances user experience, scalability, and blockchain security, drawing significant interest from the crypto community. AI crypto tokens are now widely adopted for diverse applications such as portfolio management, decentralized marketplaces, and blockchain governance.

Let’s delve into the top five AI meme coins making waves in 2024:

1. BUSAI: A Panda Powered-Meme Project 2024

First and foremost, you can't overlook BUSAI, an innovative digital asset built on the Solana blockchain, distinguishing itself as a premier AI meme coin in 2024. 

The project is designed to integrate artificial intelligence (AI) with blockchain technology, focusing on stimulating AI development and fostering creative content creation within a vibrant community. BUSAI’s unique approach and robust infrastructure position it as a promising investment opportunity this year.

Currently, the BUSAI community is buzzing with excitement and experiencing a FOMO frenzy due to numerous pre-listing projects, allowing everyone to hunt for tokens for free. Additionally, there are two presale rounds, offering a golden opportunity to purchase tokens at lower prices before the anticipated price surge upon listing.

2. Arbdoge AI: A Community-Driven Revolution

Arbdoge AI, the most ambitious project within the Arbitrum ecosystem, stands out for its community-centric approach. Unlike many other ventures, it is not funded by venture capitalists nor does it allocate shares to a specific team. Instead, all tokens are equitably distributed among community members, marking a bold move in the crypto space. 

The dedicated team behind Arbdoge AI is committed to collaborating with the community to develop a comprehensive suite of products leveraging artificial intelligence and Web3 technology.

3. KAI: The Crypto Cat's Comeback

KAI, a former feline-themed cryptocurrency, is making a playful yet strategic return to challenge major market players. The project blends humor with real-world utility, offering staking rewards and business opportunities. 

4. Byte: AI Memecoin With Cryptonote Protocol

Bytecoin leverages the Cryptonote protocol for private transactions, prioritizing user privacy. Transactions occur on a decentralized Bytecoin blockchain, enabling direct user-to-user transactions without intermediaries, maintaining participants' anonymity.

5. Turbo: Once an AI-Based Meme Coin for 2023

Turbo Coin is designed for rapid and seamless transactions, living up to its name with fast processing speeds within its blockchain network. The technology ensures scalability and quick transaction verification through an efficient consensus mechanism.

Turbo Coin may introduce the Lightning Network as a Layer 2 solution for real-time micropayments, enhancing speed and usability. In the competitive crypto market, Turbo Coin aims to provide a fast and reliable payment system for all users.

Source: Compiled

The BUSAI Official Channel: Website | Twitter | Telegram 

[redlenai]

I made my first base! It has more than 80 layers, it has different eyes, eyebrows, mouths, ears, hair and other accessories. The cost is $2 Through my Ko-Fi shop

📦 You receive: - .psd/.clip files - Separate layers to customize

✅ You can: - Use in personal projects. - Make and sell adoptables, YCH and commission - Edit the lines/other aspects of the base.

🚫 You cannot: - Redistribute or resell the base itself. - Remove the watermark - Use in NFT / Anything related to cryptocurrencies - Merchandise such as stickers or mass production.

Do not remove the watermark, crediting me in posts is optional although I would like to see what Smols you all do! 💗