Foundry, the Digital Currency Group (DCG) subsidiary and cryptocurrency mining and consulting firm from Rochester, New York announced the launch of a new platform on Wednesday called Foundry Staking. The company says the product currently supports 20 blockchain networks and will provide digital asset staking and advisory services going forward. Foundry Launches Staking Services The […]
Elon Musk’s Dogecoin-funded mission is now set to launch in the first quarter of 2022. The launch had been announced in May of this year when the billionaire had tweeted about it. The mission is fully paid for in Doge and will not only be the first crypto in space, but it will also be the first meme coin in space. SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge– 1st crypto in space– 1st meme in space To the mooooonnn!!https://t.co/xXfjGZVeUW — Elon Musk (@elonmusk) May 9, 2021 Related Reading | Elon Musk Plans To Become The World’s First Dogecoin Trillionaire This had been announced at the height of the Dogecoin rally following Musk’s public support of the digital asset earlier in the year. The news of the mission had further propelled the value of the coin forward as Dogecoin was set to make history with this launch. Musk had announced that the mission, known as DOGE-1, would be launched in 2022 and it seems like the project is progressing on schedule. DOGE-1 Is Ready To Go According to a report released on Wednesday, the DOGE-1 mission is ready for launch in early 2022. SpaceX had partnered with two blockchain companies, Unizen and ZenX, to bring the project to fruition. The CubeSat which weighs 40 kilograms will be launched into orbit as a new use case for the crypto space. The CubeSat will collect information through various methods, including sensors, cameras, and mirrors, and will relay this information back to Earth. DOGE price remains unmoved by DOGE-1 launch | Source: DOGEUSD on TradingView.com Launching the CubeSat combines the technology behind SpaceX’s FalconX and blockchain technology. Upon launch, the miniature satellite will orbit the moon to obtain lunar-spatial intelligence. The DOGE-1 CubeSat is set to launch before NASA’s CAPSTONE, which was supposed to be the first CubeSat to orbit the moon. However, NASA’s launch has been delayed numerous times, putting the DOGE-1 ahead of CAPSTONE. “This means that DOGE-1 could be the first cubist in history to reach the moon, marking a significant achievement for global spaceflight,” the companies said in the report. Dogecoin Reaction To The News The meme coin did not see much in the way of a reaction to the news of the launch. Dogecoin continued to trend around $0.26 with no significant movement from the asset upwards or downwards. Despite a good portion of the market rallying to new all-time highs, Dogecoin has not been able to move close to its record high. Related Reading | Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed Tokens Previously, news like this would have caused the altcoin to rally, as it did when news of the miniature satellite had first broken in May. This time around, the news of the launch was not enough to move the value of Dogecoin. This is in part due to the declining influence of Elon Musk over the meme coin, but also that the market has now moved on to other projects. Shiba Inu has now taken over as the meme coin of choice, leaving Dogecoin to suffer in its wake. Featured image from Bitcoinist, chart from TradingView.com
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I’m using gminer on Flypool and have a pi-hole. It shows my 3 windows 10 mining rigs are requesting connections to rvn.2Miners.com Like every 10-15 minutes Any ideas? submitted by /u/bbsux [link] [comments]
I’m not sure if any of you remember the last bear market when the suicide hotline was posted on here….. But evidently, MANY investors were not mentally prepared to HODL through a bear market. Maybe they want to use their profits for a house, a car, a pet, pay their children’s tuition or they are…
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ETH price dropped to $4,400 during Thursday’s correction, but data shows traders expect the altcoin to surpass $5,000 soon.
Hey y’all So I noticed that the S&P500 is priced almost as much as Ethereum. Measured from around $300 to current prices and this was an interesting find: It took the S&P 31 years from Nov 1990 – Nov 2021 to put in the same gains (about 1500%) compared to Ethereum in 1 year and…
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The current social media landscape is based on a time-tested format that only allows fans to interact one way with celebrities. For instance, they can view photos of their favorite celebs, read their opinions, see their videos, and more. However, this one-way interaction is never reciprocated since celebs have no way of responding effectively to millions of their fans. The Solution Promify, a blockchain-based social token aims to change the current social media landscape. Through this platform, fans can purchase customized tokens from their favorite celebrities and use these tokens to interact with celebrities. The result is a better two-way interaction that offers exclusive access to their concerts, merchandise, and more. How It Works Promify is designed as a simple mobile link that allows a celebrity to launch a personally-branded crypto coin (Celeb Coin). This coin is useful for boosting fan engagement and it lets fans gain early access to things like exclusive NFTs, events, and merchandise. Those who hold the Celeb tokens will receive special access that allows them to engage with their favorite celeb, who would have otherwise been out of reach. For instance, they could get access to exclusive NFT drops, group fan meetings, backstage passes, and more. Celebrities that give out the tokens, also personally gain by being able to identify “Superfans” who are buying their coins. These are fans with a vested interest in making the celebrity a success. Consequently, their exceptionally loyal fans are incentivized to share the success of their favorite celebrities. How Celeb Coins Work Promify believes that celebrities should be able to monetize their time on social media. Unless they are part of the top 1% of celebrities in terms of following, most celebrities do not make anything from their time online. If they do, it contributes little to their general income. Promify believes and their fans should have a chance to monetize their time. It should not only be the social media platform that benefits. To do this, those that Promify deems fit will get a Promify link. This link will allow them to create Celeb Coins (CC). A creator is allowed to create up to 100,000 CC. in total, and are allowed to hold onto at most 15% of the coins they create. This ensures that their fans and not themselves hold the power at all times. Once bought, celebrities can give the holders special access. They could get access to exclusive NFTs, backstage access, fan meet-ups, and more. The Future of the Social Token Economy Promify is designed as the future of online social engagement between fans and celebrities. It is going to revolutionize the social token economy and pave the way for new income streams for fans and celebrities. It will ensure that loyal fans get rewards for their devotion to their favorite celebs. At the same time, it will ensure that celebs can monetize the time and effort they put into creating content for social media. Protective Mechanisms Promify has some protective mechanism that will ensure fans and celebs do not experience the price manipulation of their tokens. One of them is a sales cap. It is designed to limit how many tokens a single wallet can hold for early adopters. Such a move is designed to keep pump-and-dumps tactics at bay. Instead, CCs are designed to grow in value as the fame of a celebrity grows in real life. For instance, there is a vesting period for the creator of Celeb Coins. It ensures they cannot simply pump-and-dump coins. They actually have to put in the work needed to promote coins and grow their value. There is also a daily sales restriction, which ensures those holding the coins are protected from sudden market movements. All of these measures are designed to ensure that a sustainable and beneficial long-term ecosystem is created for fans and celebrities. Fans get value for the time they spend promoting their favorite celebs while celebs gain for the time they spend creating content for their followers.
The more i dive deep in Ethereum Layer2 rollups and side chains, the more i realize ETH/BTC ratio is gonna go wild. $BTC is like a ‘storage of value’ or ‘inflation shield’ more than daily usage, i mean, do you use $BTC for payments? Mostly other cryptocurrency options are on use for that. So, meanwhile…
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