Author: dfmines

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Kakao pushes its expansion plan to Singapore for Klaytn, its legacy blockchain platform, following its globalization quest. Reporting on Monday, The Korea Herald disclosed the city-state establishment of the Klaytn Foundation and Krust, the new blockchain-based entities by Kakao. Krust is a worldwide accelerator for the adoption of blockchain. On the other hand, the Klaytn Foundation is a charitable organization. According to its plan in Singapore, The Internet firm will utilize the two entities to facilitates a broad-based infiltration of its Klaytn blockchain project. In addition, the Foundation proposes its mission of active and systematic operations in its expansion of the Klaytn network. The Foundation made this disclosure earlier in August during its launch. Additionally, the Foundation states its ready to involve both human and financial resources in its commitment. It affirms that this will increase the growth rate of its ecosystem and deepen the development of its blockchain technology. Related Reading | By The Numbers: What $10 In Bitcoin Each Day Would Net Investors The $300 million development war chest of Kakao backs the Singapore expansion. Furthermore, the company inculcates an improvement reserve fund dedicated solely to service maintenance as a part of its expansion budget. Kakao’s Trend of Expansion Similar to other reputable South Korean Conglomerates, the Internet firm exhibits a bullish trend on blockchain technology. Recall the announcement of KT corporation in December 2019 for its plans for a cryptocurrency project in Busan. The implication rubs off on every south Korean reputable conglomerate’s participation in blockchain-based investments. Bringing it down, Cointelegraph reported of the recent bid submission by the firm to spearhead South Korea’s central bank digital currency project (CBDC). Also, in April, ConsenSys, an outfit for blockchain development, started a private version development of Kakao’s Klaytn network. This was made in readiness for the possibility of the CBDC pilot. On its own, it is expected that The Bank of Korea will choose its suitable technology partner for the CBDC pilot scheduled later in August. In its reputable stance, Kakao has a report of over 32 collaborations with Korean and other firms. These are all fragments of the Klaytn Governance Council. Related Reading | Family That Went “All-In” On Bitcoin At $900 Stores Fortune On Four Continents Kakao, as a company, has the dream of maintaining its pace with other main Asian conglomerates such as Naver within the Asia-Pacific blockchain theatre. Moreover, Naver has expansion plans for its Line blockchain project. The plans move beyond Japan to Southeast Asia. Featured Image From InfoQ

According to Audius co-founder and chief product officer Forrest Browning, roughly 95% of users “have no idea that blockchain is even involved.”

It's always good to hear a balanced perspective. So those who have a solid understanding of their favourite coin how about you share with us the worst thing about it 🙂 (undoubtedly you could follow that up with 101 positives) submitted by /u/ironfever [link] [comments]

What is your favorite ETH gaming project? submitted by /u/Topper2500 [link] [comments]

submitted by /u/sikeig [link] [comments]

. submitted by /u/Leading-Slice-7369 [link] [comments]

I’ve seen this kind of post on /r/kanye and liked the interaction it brought to that community. so I figured I’d try it out on my second favorite sub! Ive been in this space for a while so I’ve got a good opinion on at least the top 500 coins. P.S. I have an opinion…
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I just got a new earn on my coinbase account. It initially went away when I clicked it, but then it came back. $3 (for me in USA) fetch.ai, might not be available for everyone yet, but keep an eye out it should be available to you soon. edit: update w/ answers: What can people…
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Bitcoin price has been unable to get back to $50,000, but with momentum at its back for the first time on weekly timeframes since March, the top cryptocurrency might blast right on through it. Here’s a closer look at the significant bullish crossover brewing, but also what crypto investors might need to beware of if the market continues to consolidate further. Bitcoin Momentum Indicator Crosses Bullish For First Time Since ATH There is a battle of the words waging on across the crypto community – a fierce debate over if Bitcoin has started another bear market, or if the bull market has final leg up ahead. Only one side of the trade will be right in the end, but which? Time will decide, but in the meantime analysts are trying to determine the highest probability direction the top cryptocurrency goes next. Related Reading | What Bear Market? Bulls Now “In Control” Over Every Bitcoin Timeframe Trend strength indicators suggest that bulls are in control, but momentum has been in bear’s favor since the peak in late March and early April 2021. Around that time, Bitcoin price was trading around the current all-time high of $65,000, when the LMACD crossed bearish and the downtrend first began. After last night’s weekly close, however, things have flipped back bullish for the first time since. Weekly momentum has crossed bullish above the zero line | Source: BTCUSD on TradingView.com Pivotal Point In Crypto Market Cycle Is Clear With LMACD The LMACD is the logarithmic version of the Moving Average Convergence/Divergence indicator and better accurately represents momentum in Bitcoin price on the log scale. Although the signal is indeed bullish, Bitcoin bulls are not yet out of the woods. Such crossovers are less reliable when markets are consolidating, and depending on the macro climate, crypto could move sideways a lot longer like it did in late 2019 and 2020. Crossovers with consolidation are less reliable | Source: BTCUSD on TradingView.com At that point, however, there was still leftover bear market resistance to contend with, which doesn’t exist today. The picture above also shows that the LMACD remains above the zero line, which suggests the asset is bullish in and of itself. On the last two of the four bullish crossovers were above the zero line, and only the third signal so far that produced a significant rally. How will the fourth finish? Related Reading | Proof-of-Work: Bitcoin Back Programs That Put Your Money To Work For You It is important to note, however, that crossovers tend to be hard fought. Take the chart on the lower right, for example. The monthly price chart opened bearish just like the weekly opened bullish, but there is an ongoing struggle between the two opposing market forces: buyers and sellers. Both the daily and monthly are also at inflection points | Source: BTCUSD on TradingView.com The daily LMACD on the left hand side also warns of a potential bear cross on lower timeframes, which could put the bullish crossover on the weekly in jeopardy and the bearish crossover on monthly timeframes deeper into the red. What the critical momentum indicator appears to suggest, is that the crypto market is at a major inflection point based on momentum, and could explode in one direction or another depending on what happens in the next two weeks ahead as August comes to a close. #Bitcoin crosses bullish on the weekly LMACD while above the zero-line. Bullish and bullisher. pic.twitter.com/5qUWnzLIWy — Tony “The Bull” Spilotro (@tonyspilotroBTC) August 16, 2021 Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com