You've read the script before, they "believe in the technology cryptocurrencies bring", it's "not about more fiat, it's building up for the eventual mass adoption". Look I get it, blockchain technology is pretty cool and the idea of transparency is, well, ideal but we all know the end game here. You see it everywhere, I…
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Hey guys, I’m trying out solo mining but I need help with OC’s on HiveOS for the following GPU’s: 3060Ti, 3070Ti, 3080, 6800, 6800XT. I did research RVN OC’s on the web already but most haven’t worked for me and a few got invalids so I’m hoping some of you could help me out and…
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Axie Infinity showed the gaming industry just a sliver of what blockchain-based gaming can achieve, and the industry is set to explode in the near future.
This year is the first year I started mining crypto. I have heard that the coins you mine are not taxable until you sell/exchange them. I haver also been told that when you mine them, you owe the fair market value when those coins were mined. Does anyone know when and how to report the…
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Crypto.com has been going insane with its marketing. From Formula 1 to Twitch to the UFC and Matt Damon. So many people see their logo on the daily. It’s probably been the reason why CRO has been rallying recently. It’s great to see crypto adoption spreading in the mainstream and Crypto.com has been spending a…
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What is the trusted authority for verifying public keys of content creators. Say I purchase an NFT from Kanye West. Then there should be a signature on that NFT that can be verified as Kanye West’s but how do we know what Kanye’s public key is, ie. you would hope that it would be signed…
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The Onecoin Ponzi scheme is still making headlines as reports from a trial in Germany revealed the missing ‘Cryptoqueen,’ Ruja Ignatova, purchased a London penthouse worth $18.2 million with proceeds from the Onecoin operation. The Münster court’s findings stem from the trial against Martin Breidenbach, Ignatova’s German attorney, who is being accused of money laundering. […]
The Solana (SOL) ecosystem continues to see huge growth in the market. SOL price touched another record high on Sunday, November 7, as it reached $260.06. Its price is up by almost 17,500% YTD – from $1.51. SOL surpassed Cardano (ADA) and Tether (USDT) to become the fourth-largest cryptocurrency with a market capitalization of $75.4 billion. Related Reading | Is Cardano Fighting A Losing Battle Against Solana? At the time of writing, it falls behind Binance Coin (BNB) $109 billion, Ether (ETH) $546 billion, and Bitcoin (BTC) $1.17 trillion. While it is creeping closer to Ethereum, there is still a huge gap between both coins. Meanwhile, ADA and USDT’s market capitalization came out to be $67.1 billion and $74.4 billion, respectively. SOL Rises After $100 Million Investment Initiative Solana’s rise to ATH comes just after its venture capital arm Solana Ventures, Lightspeed Venture Partners, and FTX spearheaded a new investment fund dedicated to Web 3 gaming, also known as GameFi. Web 3 gaming has skyrocketed in popularity. Related Reading | Solana, FTX, Lightspeed Ventures To Launch $100M Web3 Gaming Fund The venture company intends to increase SOL adoption by attracting desktop and mobile video game developers to build their projects on its public blockchain. With SOL’s bullish run recently, many are comparing it to No. 2 crypto Ethereum. “Solana is the leading Ethereum competitor,” Matt Hougan, chief investment officer at Bitwise Asset Management, said to CNBC. “I wouldn’t put all my chips on it, but I’m a big fan.” SOL trading at $248.7 | Source: SOLUSD on TradingView.com One of the reasons for this comparison is that both ETH and SOL have smart contract capabilities. Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They are important in running decentralized finance applications and non-fungible tokens. “A lot of the fastest-growing applications of crypto technology have been built on Ethereum and rely on the Ethereum blockchain to function,” Hougan says. “If you’re investing in Solana, you’re betting that its technical sophistication will help it leapfrog Ethereum.” Solana And NFTs NFT industry data aggregator CryptoSlam ranks Solana as the fourth-best NFT blockchain behind Ethereum, Ronin, and Wax by 24-hour sales volume. The data shows that Solana saw a record month for secondary NFT sales volume during September with a total of $189.4 million. Related Reading | Why Billionaire Chamath Palihapitiya Invested In The Solana Ecosystem Secondary sales volume for Solana-based NFTs has reached almost $500 million since the start of August. The biggest collection of NFTs on the blockchain is the Degen Ape Academy series of ape digital collectibles. So far, the Degenerate Ape Academy has sold ape NFTs worth about 986,300 SOL. Mason Nystrom, a Messari research analyst, remarked that how quickly the blockchain has grown to be one of the top NFT blockchains in just a few months. He also noted that as of November 1, Solana’s NFT secondary sales reached $500 million in just three months. Featured image by CNBC, Chart from TradingView.com
