Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

SocialFi & NFTs: What This Means For Creators

DeFi continues to shake up the crypto world. GameFi is revolutionizing traditional gaming. But what about SocialFi? A combination of social media and decentralized finance (DeFi), SocialFi is the latest Web 3.0 innovation. Short for ‘social finance,’ the approach empowers content creators, influencers, and digital users who want more control over data. Social media platforms have grown to be one of the largest players in the Web 2.0 world. Research shows about 59% of the globe’s population uses social media. Unsurprisingly, data reveals digital activity rose dramatically amid COVID-19 lockdown periods. User behavior also shifted as people spent more time on social media, messenger services, and mobile apps. Despite the massive popularity of platforms like Facebook, Twitter, and Instagram, many worries these social media giants have become too centralized. Concerns are the entities and shareholders reap the rewards of content monetization. In short – worries remain that “if the product is free, you are the product.” How SocialFi Aims To Break The Power Of Centralized Social Media The building blocks of SocialFi aim to empower social media users to monetize brand equity, maintain digital data ownership, and foster a decentralized curation process where platforms can not unilaterally pick-and-choose content. Programmable NFTs are one of SocialFi’s most useful tools. Acting as unique digital identifiers, users can customize their virtual identity and even sell and rent content as NFTs. For example, a SocialFi user could immediately convert an impactful message into an NFT with just the click of a button. Many artists, creatives, and animators are heralding the arrival of SocialFi. Traditionally, these groups have found it very difficult to keep track of how their work is shared and used online. Digital piracy and manipulation also remain a large issue. Influencers and creatives also struggle to cultivate their own brand identity on social media platforms and then monetize their brand equity to generate income. Traditional social media platforms have made it hard to translate social credibility into dollars. With SocialFi, creatives can build brand equity with their own tokens, and even build a mini-economy surrounding it. Users can build subscription models in these tokens to unlock access to premium content. Designers, painters, and artists who sell their work can easily track where it goes to ensure unscrupulous users are not trying to copy, steal, or manipulate creations. Storytelling And The Power Of Creativity Within SocialFi All of these factors help open up new realms of financial autonomy for digital users and cultivate stronger communities. SocialFi platform users can freely collaborate, post, and share information without pressure from higher digital ‘authorities.’ Many argue storytelling will propel SocialFi forward. This type of engaging and dynamic content inspires users to build and share ideas, concepts, and dreams. Mittaria users collectively co-own the platform, which empowers creatives to share their world, with the option of working with professional animation creators to bring ideas to life. Along the way, animation enthusiasts can meet, share, converse with each other, and spend time together within the community-first platform. The Mittaria team remains committed to being one of the SocialFi forerunners by empowering creativity, promoting decentralization of assets and metaverse interoperability, and encouraging artists to produce and directly share content to earn money. Mittaria also plans to launch NFT collections that help users unlock various metaverse ecosystem benefits. Those interested in Mittaria’s Genesis NFT can follow the project’s website for updates and details about how to mint and price. Keep up with Mittaria news and growth by following the Web 3.0 platform on Twitter and Medium.

Ten months ago, I combed through all the posts here to find the subs most despised coins. I combined into a single awful folio. This is an update on the FOLIO OF HATE. How much do you want it to fail? Does it still make you angry?

Good morning all, We're in a bear market. Inflation is rampant. We're out of FIAT. The British pound is crushed. Shit sucks. But that doesn't mean we can't still have some fun right? For those that were around at the beginning of the year, you might remember that I created this. The FOLIO OF HATE.…
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Taking Yield Farming to the Next Level With Animal Farm

As a result of DeFi protocols, access to finance has been democratized, allowing anyone with an Internet connection to gain access to opportunities and services. However, they only gained popularity after the ‘DeFi summer of 2020’ and the yield farming craze that followed. The concept of yield farming has changed the way people view savings […]

CoinShares' Butterfill suggests 'continued hesitancy' among investors

Matrixport’s head of strategy said he believes the market is currently in a “wait-and-see environment” but could shift after the U.S. mid-term elections in November.

Beeple's Discord URL 'hijacked,' directing users to wallet drainer

Other users in the crypto Twitter Community believe lax security management is to blame for the latest phishing scam aimed at Beeple’s fans and followers.

Use my 3D printers for Ravencoin

I have printers for your use. I can make your wildest dreams come true. Things I've already made: https://imgur.com/4bZbFpj – doge rocket https://imgur.com/U5OHEw1 – graphic card https://imgur.com/7y2mKBq – bank https://imgur.com/gwbzeQL – nerd thing https://imgur.com/WAelg6o – cubone submitted by /u/WastePost [link] [comments]

TA: Bitcoin Price Close Below $20K Could Spark Larger Degree Increase

Bitcoin price is slowly moving higher above $19,500 against the US Dollar. BTC could start a steady increase if there is a close above $19,600 and $20,000. Bitcoin remained well bid above the $19,200 and $19,000 support levels. The price is trading above $19,400 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a clear move above the $19,700 level. Bitcoin Price Eyes Steady Increase Bitcoin price remained strong above the $19,000 level. BTC traded as low as $18,937 and started a steady increase. There was a move above the $19,150 and $19200 levels. The price was able to clear the 50% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. There was a also a move above the $19,500 resistance zone to move into a short-term positive zone. Bitcoin price is now trading above $19,400 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $19,450 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $19,700 level. It is near the 61.8% Fib retracement level of the downward move from the $20,177 swing high to $18,937 low. The next major resistance sits near the $20,000 zone. Source: BTCUSD on TradingView.com A clear move above the $20,0000 resistance might start a fresh increase. In the stated case, the price could even surpass the $20,200 resistance zone. The next major resistance is near the $20,500 zone. Another Decline in BTC? If bitcoin fails to rise above the $19,700 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $19,400 zone. The next major support is near the $19,000 zone. The main support is near $18,500, below which there could be a major decline. In the stated case, the price may perhaps decline towards the $17,500 support. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $19,400, followed by $19,200. Major Resistance Levels – $19,700, $20,000 and $20,500.

When paper money was thought of as silly when coins were the only form of payment accepted by the government.

Many kings and monarchs even considered it a threat to their economy (kinda like how current governments consider crypto a threat). The fact is, revolutionary ideas will ALWAYS face objection and protest. But eventually, if these ideas are more efficient and make life easier for the populous, they’ll win out. I’m positive that (if we…
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Does KYT + DeFi make sense?

Hi all! ​ I'm studying DeFi atm and came across the concept of KYT (Know-Your-Transaction). From my understanding this enables the mapping of addresses to real-world entities, which in turn enables crypto organizations to blacklist said entities. ​ On one hand this is great and likely necessary in the long-run to ensure cryptocurrencies don't become…
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Why Can’t Ethereum Solve The High Gas Fee Issue?

Why is the Ethereum Gas fee still so high? Solana, Avalanche, Algo, Cardano etc. have gas fees that are below $1. Why can't Ethereum solve this high gas fee issue if other blockchains have already did? submitted by /u/TheGreatest34567 [link] [comments]