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What Is Two-Factor Authentication (2FA)?

This article delves into how two-factor authentication (2FA) has become a pivotal measure for enhancing the security of online accounts amidst growing cybersecurity concerns. The piece elaborates on 2FA's dual lines of defense: traditional passwords and an additional layer of security, such as SMS verification, hardware tokens, or biometric technology. By comparing the pros and cons of different types of 2FA and emphasizing their widespread adoption in financial services, social media, and enterprise applications, the importance of 2FA in safeguarding personal information and digital asset protection is revealed. The article also reminds users to select the appropriate 2FA type based on their needs and provides strategies and precautions for effective use, particularly highlighting the critical role of 2FA in the blockchain and cryptocurrency realm.

What Is First Digital USD (FDUSD)?

FDUSD is a stablecoin issued by a subsidiary of First Digital Limited, designed to closely peg with the US dollar, relying on a rigorous reserve management system and regular independent audits to ensure user asset security and value stability. The stablecoin has been applied across multiple mainstream blockchain networks and demonstrated significant advantages in cross-border payments, efficient fund transfers, hedging market volatility, and expanding DeFi applications. Despite facing challenges such as de-pegging risks, operational technology risks, regulatory uncertainty, and counterparty credit risk, FDUSD is seeking a foothold in the global stablecoin market through compliance with regulatory requirements and technological innovation.

Tips for Using SolScan

This article introduces the Solana blockchain platform and its accompanying block explorer, SolScan. Solana optimizes large-scale use of cryptocurrencies and DApps with its superior performance and low latency. SolScan serves as an all-in-one querying tool, offering comprehensive on-chain data browsing, transaction tracking, address analysis, token information inquiries, and more, empowering users to stay informed about key developments on the Solana chain. It also provides developers with convenient data interfaces and analytical tools to cater to the evolving needs of the DeFi and NFT markets.

Comprehensive Analysis of Crypto Hedging Strategies

This article delves into the application of hedging in investment arenas, particularly within the cryptocurrency market, elucidating its role as a core risk management tool. Through hedging strategies, investors can mitigate potential losses by establishing counter-positioning to their initial holdings, thereby ensuring relative stability in portfolio value. The text presents seven distinct hedging approaches tailored for the cryptocurrency landscape, accompanied by case studies that demonstrate how instruments such as options and futures contracts can be employed to hedge Bitcoin positions. It also underscores the significance of hedging costs, risk considerations, and regulatory compliance, offering practical wisdom and cautionary notes to investors. Successful implementation of hedging tactics is found to hinge on prudential understanding, diversification, and emotional control.

What Is Decentralized Storage?

This article delves into the evolution from centralized to decentralized storage models, revealing that while centralized storage methods offer convenience and ease of use, they confront challenges such as data security risks, privacy protection concerns, and limitations on user data sovereignty. Decentralized storage, leveraging blockchain technology, effectively addresses these issues through distributed architecture, enhancing data security, redundancy, and user autonomy. The text analyzes the advantages and limitations of decentralized storage, presenting real-world applications like Filecoin and Storj, which demonstrate the broad potential and innovative value of this emerging domain. It portends that decentralized storage will play a pivotal role in the future digital economy, driving profound transformations within the data storage industry.

Leading and Lagging Indicators Explained

This article delves into the definition and contextual application of leading and lagging indicators within financial markets and technical analysis. Leading indicators serve as "barometers" foretelling shifts in economic or market trends, such as PMI and new housing permits, empowering investors to anticipate future directions. Conversely, lagging indicators act as "historical witnesses" reflecting past economic performance, such as unemployment rates and GDP growth, used to substantiate already occurred trends. The piece emphasizes the widespread use of these two types of indicators in macroeconomic research, forecasting financial market price trends, and analyzing cryptocurrency markets, cautioning about their limitations in practical application and advocating for their combined utilization to enhance decision-making accuracy.

Additionally, it elucidates the role of coincident indicators in providing real-time snapshots of the current economic situation. Lastly, readers are reminded to adapt strategies

Echoes of Ether: 5 Reasons Behind Ethereum’s Decline

Ethereum, the second-largest cryptocurrency by market capitalization, has long been regarded as the backbone of decentralized applications (dApps), sm

Leveling Bitcoin: The Next Frontier in Layer 2 Scaling Solutions

Bitcoin Layers (BL) are transforming the Bitcoin ecosystem by introducing features that enhance scalability, programmability, and transaction efficien

Summary of the 191st Ethereum Execution Layer Core Developers Meeting (ACDE).

Welcome back to LBank Labs Weekly Digest! Here we list all you need to know about cryptomarket in the past week (June.30-July.6).

Hashed TimeLock Contract (HTLC)

Hash time lock contract (HTLC) is a smart contract technology that realizes secure transactions through hash functions and time lock mechanisms. It is widely used in cross-chain transactions, lightning networks and off-chain transactions.

Herd Instinct

The herding instinct, prevalent among cryptocurrency traders, refers to the tendency to mimic mass behavior, rooted in human's sense of belonging. This phenomenon exacerbates market volatility, leads to mispricing, and can contribute to bubbles and crashes in financial markets.

High-Frequency Trading (HFT)

High-Frequency Trading (HFT) is a strategy that leverages cutting-edge technology to execute a multitude of trades within fractions of a second, aiming to capitalize on minuscule price discrepancies in the market. Its speed advantage and market impact have become hallmarks of modern financial markets.

HODL

HODL, a cryptocurrency investment strategy, originated from a typographical error and evolved into an acronym for "Hold On for Dear Life," embodying the conviction to steadfastly retain cryptographic assets through market fluctuations, anticipating the realization of their inherent value over the long haul.

Honeypot

The honeytrap, a cunning cybersecurity strategy, deceives and ensnares hackers while enhancing our understanding of threats, acting as an invisible sentinel safeguarding data treasures.

Iceberg Order

Iceberg orders are stealth tactics in financial trading, dividing large transactions into smaller batches for execution, concealing true trade volumes, averting market fluctuations, and enabling surreptitious, agile buying and selling maneuvers.

Immutability

Immutability stands as a cornerstone of blockchain technology, ensuring that once data is recorded, it becomes unalterable or non-falsifiable, thereby constructing an absolute integrity of data and an indelible history. Despite the theoretical risk posed by 51% attacks, it significantly bolsters trust and efficiency in real-world applications.

Index

Indices serve as precise observatories of financial markets, mapping the growth and transformation of entire investment domains or specific sectors through the fluctuations of representative assets – akin to gauging the vitality of an entire forest by monitoring the growth of select trees.

Initial Exchange Offering (IEO)

Initial Exchange Offering (IEO) is a financing method for the first token issuance through a cryptocurrency exchange.

Initial Public Offering (IPO)

An Initial Public Offering (IPO) marks a pivotal transition for private enterprises, as they venture into the realm of public share sales, unlocking vast financing avenues and propelling corporate growth, all while braving the rigorous scrutiny of the market.

Inscription

Inscription refers to the process of permanently recording data on the blockchain, ensuring that the data is immutable and verifiable.

Integrated Circuit (IC)

Integrated circuits (ICs), minuscule silicon chips harboring billions of electronic components such as transistors, facilitate a broad spectrum of functions ranging from basic computations to intricate data handling. As the heartbeat of electronic devices and a cornerstone of modern technology, their evolution has significantly influenced the progression of both the global electronics industry and fintech advancements.

Interest Rates

Interest rates refer to the cost of borrowing funds, and play a vital role in both blockchain and traditional finance, affecting borrowing costs and investment returns.

Interoperability

Interoperability acts as a communication conduit between blockchains, enabling the sharing of functionalities and assets across different chains, dismantling the silo effect, fostering resource optimization, and enhancing user experiences. It is currently steering us towards a future defined by seamless connectivity and boundless innovation.

InterPlanetary File System (IPFS)

The InterPlanetary File System (IPFS) is a groundbreaking distributed file system that transforms data storage and retrieval into a more decentralized, secure, and censorship-resistant process by establishing a globally shared, peer-to-peer network. It enables internet information to be as ubiquitously dispersed and enduring as the stars themselves.

The debt acknowledgment document, colloquially known as an IOU, serves as an informal acknowledgment of debt, recognizing one party's obligation to another, encompassing monetary debts, goods, or services, all based on trust rather than legal compulsion. It is presently exploring integration with blockchain technology, advancing towards a more secure and transparent digital era.

Isolated Margin

Isolated Margin is a specialized margin allocation system designed for each individual trading position, enabling traders to precisely control risk and ensure that the potential loss of a single position does not impact the entire account balance, thereby achieving refined risk management.

Issuance

Issuance in the realm of blockchain denotes the creation and introduction of new digital currencies, following specific project rules, spanning from Bitcoin mining to ICO smart contracts. It embodies not only technological innovation but also a deep engagement with financial theory, serving as a conduit for capital raising and ecosystem development.

Keccak

Keccak is an innovative cryptographic hash function, designed to provide top-tier security as the SHA-3 standard, employing a unique sponge construction to address potential vulnerabilities of conventional hash algorithms.

Know Your Customer (KYC)

Know Your Customer (KYC) refers to the process by which financial institutions identify and verify the identity of their customers before establishing a business relationship with them, in order to prevent financial crime.

Latency

Latency, a pivotal performance metric in the realm of blockchain and cryptocurrencies, signifies the timeframe from transaction initiation to its first confirmation. It's not only pivotal for ensuring a seamless user experience in payments but also a determining factor in the race for exchange competitiveness.

Law of Demand

The law of demand governs the inverse relationship between the price of a commodity and its market demand, where an increase in price leads to a decrease in demand, and vice versa. This principle not only permeates everyday consumer choices but also significantly influences investment trends in financial markets and emerging technology sectors, including blockchain.

Layer 2

Layer 2 represents an expansion solution for blockchain technology, akin to constructing overpasses on a congested highway. It dramatically enhances transaction speed through mechanisms like state channels and sidechains while preserving the underlying security, thereby boosting efficiency in cryptographic transactions.

Ledger

The ledger, a medium for documenting financial transactions, has evolved from traditional paper records to modern digital formats, particularly within blockchain technology, transforming into a distributed, highly secure digital record-keeping system that revolutionizes the boundaries of trust and transparency.

Leveraged Tokens

Leveraged tokens are an innovative financial instrument that combines blockchain technology and the concept of leverage in traditional finance. They automatically manage leverage effects through smart contracts, simplify operations, and enhance transparency and liquidity.

Library

Libraries are treasure troves of knowledge in the programming realm, assembling resources such as executable files, documentation, and code snippets—akin to prefabricated building blocks that empower developers to construct applications efficiently, enabling reuse of functionality. While they offer the convenience of a "black box" operation, users are encouraged to delve into the underlying technology, striking a balance between expediency and comprehension.

Lightning Network

The Lightning Network is a second-layer payment protocol built atop cryptocurrencies like Bitcoin, enabling instantaneous and nearly feeless transactions through the establishment of peer-to-peer micro-payment channels. It alleviates the issues of slow transaction speeds and high fees associated with blockchain transactions, akin to carving an efficient shortcut through the bustling lanes of financial transactions.

Linux

Linux, the cornerstone of open-source operating systems since 1991, initiated by Linus Torvalds, has propelled the democratization of technology through open source code, extensive device compatibility, and robust community support. From personal devices to supercomputing and even in the realms of fintech and blockchain, Linux stands as a powerhouse for innovation and security.

Liquid Staking

Liquid staking transforms locked crypto assets into tradable tokens, enabling the dual enjoyment of asset liquidity and staking rewards, revolutionizing the conventional staking deadlock.

Gossip Protocol

The Gossip Protocol is a peer-to-peer communication mechanism that emulates human gossip dissemination, achieving efficient and wide-ranging data propagation through random information sharing among nodes in computer networks. It resembles a digitized word-of-mouth, playing a pivotal role particularly in distributed systems and blockchain technology.

Unpacking LBank's Success

In the rapidly evolving crypto landscape, the LBank exchange platform is making waves. Their noteworthy achievement of being ranked among the top 5 global exchanges in CoinMarketCap’s (CMC) H1 report is reflective of their innovative strategies and an unyielding commitment to driving the industry forward.

Unpacking LBank's Success: A Strategic Approach to MEME Coins and the Crypto Market

LBank Launches Global First Unlimited Crypto Credit Card

LBank, the world-leading cryptocurrency exchange, is soon to launch the world’s first unlimited cryptocurrency credit card, aiming to break down the barriers of cryptocurrency payments. The card, available in both virtual and physical forms, allows users to make any consumer payments directly with cryptocurrency through LBank’s credit, and also supports local cash withdrawals.

Universities are ‘critical players’ for the future of Web3 — LBank Labs exec

Czhang Lin said it’s important for universities to understand Web3 and guide students toward the right vision.

What is REDO?

REDO represents digital resistance, promoting freedom of expression through Telegram and TON network, and building a decentralized application platform and community.

What is BRETT?

BRETT, a digital currency based on the BASE blockchain, is not only a cultural symbol but also possesses significant market potential and ecosystem support, driving its applications and growth in the cryptocurrency field.

What is ETHFI?

ETHFI is a decentralized, non-custodial staking protocol based on Ethereum, providing secure delegated staking services and attracting users through innovative revenue streams.

U.S. ADP employment increased by 140,000 in February but lower than expected

Powell’s congressional testimony: The Fed needs to be more confident about inflation before it can cut interest rates

The annualized real GDP of the United States in the fourth quarter was unexpectedly revised down to 3.2%

Ripple CEO: Multiple ETFs around different tokens are inevitable

Federal Reserve meeting minutes: Officials are worried about cutting interest rates too quickly and worrying about stagnant decline in inflation.

Swissblock: Bitcoin will face a temporary correction

FTX was approved using the "bankruptcy price" to repay customer assets

On Wednesday, January 31, the Federal Reserve announced its January interest rate decision. The Federal Reserve remained unchanged as scheduled and continued to maintain the target range of the federal funds rate at 5.25% to 5.50%.

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