Author: dfmines

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Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions.

PRESS RELEASE. PIXXSTASY, a charity project for drug prevention and rehabilitation, is redefining the NFT market. The organization will sell 399 limited edition NFTs this year and use the proceeds to support charities involved in anti-drug campaigns and drug recovery programs around the world. Operating under the taglines “BE A HEALER” and “DON’T USE. JUST […]

Sentiment around the crypto market had been on the rise when the price of Bitcoin and Ethereum had picked up some momentum. Both of these digital assets had been able to reach a new two-month high following the surge in prices. This resurgence quickly saw positive market sentiment erode over negative and pushed the Fear & Greed Index close to “Greed.” However, before the market could enter this green territory, the retracement began. Crypto Market Shies Away From Greed The recovery in price had put the market sentiment on a positive path that it had not seen in a while. The optimism had grown so quickly that the Fear & Greed Index had seen more than 30 points added during this time period. What this meant was that the market had been able to clear out of the “Extreme fear” territory and traverse into the higher end of fear. Related Reading: Outflows Rock Bitcoin As Institutional Investor Sentiment Starts To Turn Slowly but surely, the index had seen the recovery inch it closer to greed. At its highest, it had reached a score of 44 on the index, only 6 points shy away from “Greed.” This was when the price of bitcoin had been trading close to $25,000, and Ethereum had beat $2,000. Expectations were that this trend would continue, and the market would finally find itself once more in greed. But that would prove not to be the case this time around. After touching a new 4-month high of 44, the market had quickly retraced and, with this retracement had come to a reversal in investor sentiment.  Market retraces before hitting “Greed” | Source: Arcane Research Presently, the Fear & Greed Index is sitting at a score of 41, still in the “Fear” territory. This comes as Bitcoin has made its way back below $24,000, and Ethereum threatens to drop below $1,800. Bitcoin, Ethereum May See Recovery Now, the recent retracement in the market has not been significant by established margins. Bitcoin lost about $2,000 off the top of its value, and Ethereum lost a couple of hundred dollars. The fact that both digital assets have been able to find support during this drop shows that there is still much more momentum than expected. BTC declines below $24,000 | Source: BTCUSD on TradingView.com Additionally, the market has been pumping off the news of the upcoming Ethereum Merge. The upgrade is still about a month away, and anticipation continues to mount. So going by what the market has recorded in the last couple of weeks, the recovery is likely not over. Related Reading: Why This New NFT Integration May Be What Cardano Needs To Break $0.6 A small retracement is not out of the ordinary following periods where cryptocurrencies have returned double-digit gains. A correction is often good for the market, contrary to popular belief. Both these digital assets also continue to trade high above their 50-day moving average. This indicates that another bounce might be coming for the market. Featured image from crosswalk.com, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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Encouraging people to exercise is one of the most difficult challenges in the fitness industry. While everybody knows that working out is good for them, doing so can be daunting and frustrating. One of the fascinating methods of trying to entice people to get fit is through move-to-earn programs. These projects incentivize people to work out by paying them to do so. Move-to-earn projects have existed for some time, but recently, they have seen tremendous growth. One of the catalysts for this is the enormous success that StepN has seen, which is a Web3-focused move-to-earn service that has been building hype across the tech and fitness sectors. This has triggered many new companies to start looking to offer financial returns to people working out. Let’s look at two reasons why these types of fitness services are doing so well. Building Trust Between Parties In the past, many companies designed a myriad of products to incentivize people to exercise, but ultimately none of them caught on. This was mainly because there was a chasm of trust between participants and companies. In addition, people were skeptical about whether they would receive their funds in exchange for working out, so it became tough for many move-to-earn programs to take off and build traction. However, this trust issue has been solved recently through blockchain technology. Projects like StepN operate transparently and trustlessly– users can be confident they will receive money for exercising because their funds are managed and released in a decentralized manner. Instead of worrying about whether a centralized organization will pay up, they can rest assured that a decentralized project using smart contracts will, as they will be cryptographically programmed to do so. Another project utilizing this technology is FitBurn, a blockchain-based move-to-earn project that not only financially encourages people to work out but also pays people for losing calories. This is an innovative new strategy in the fitness industry, referred to as burn-to-earn. Fitburn is using this, along with NFTs and gameplay mechanics, to create a rich ecosystem to keep users financially incentivized to exercise in an immersive way. “Hustle Culture” Has Stunted People’s Health In an age where people are shamed by the media and their peers for doing any activity that does not earn them money, it is no surprise that exercise has been neglected. Nowadays, people need to focus almost exclusively on cash, to the point where working out and leisure are not always considered productive. However, with companies like StepN and Fitburn, working out can be lucrative and profitable, acting as the perfect incentive to improve health while improving people’s financial standings. It is not that people do not want to exercise; instead, they do not feel like they have the time to because one could better spend that time trying to increase their finances. These web3 projects collapse this problem entirely by having exercise double up as a money-making venture, making it perfect for the current era. Financial Incentives and the Future of Fitness The current trustless and decentralized technologies of this day and age, coupled with the highly money-oriented culture we are living through, have created the perfect conditions for move-to-earn projects to flourish. People are eager to get paid while they get fit, and blockchain tech ensures users receive the funds they have been promised. StepN may have popularized these services, but they only scratch the surface of what is possible within this area of the fitness industry. Other contenders like FitBurn are leading the way with innovative new tactics and solutions such as burn-to-earn. With their recent and explosive rise in popularity, it will be fascinating to see how these projects develop and evolve alongside other web3 sectors.  

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I think almost every day, There's a new issue about Celcius. Even Blockfi is having some problems. Many other DeFi projects' reputations have suffered due to recent hacks, bankruptcy, and other events. DeFi's goal is to provide financial services to anyone with a smartphone and an internet connection. That's all there is to it. But…
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The Merge will still reduce the network’s energy consumption by an estimated 99.5%.

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