Category: Cryptocurrency News

Vitalik Buterin, the inventor of Ethereum, was one of the first users to sign up for the Subsocial’s Dotsama Domains. At least, someone registered the domain vitalik.web3 on the platform. Via their official Twitter handle, Subsocial welcomed Buterin as they celebrated a new milestone for the platform. Related Reading | Ethereum Founder Vitalik Buterin Welcomes Another Crypto Winter Welcome to Subsocial @VitalikButerin 👏👏👏 pic.twitter.com/7orYlmbmRT — Subsocial (@SubsocialChain) April 19, 2022 Supported by Polkadot, Subsocial is a suite of substrate pallets with a web user interface, per their official website. The platform enables users to launch their own decentralized social media network. In that sense, Subsocial describes itself as “a platform for building social networks”. The user under the Vitalik Buterin domain will be able to use it for Polkadot and the Kusama ecosystem. What Vitalik Buterin Can Do With A Dotsama Domain Similar to the Ethereum Name Service (ENS), these features enable users to own their domain and redirect it “anywhere”, integrated with Subsocial decentralized applications (dApps), or any Dotsama dApp. In that way, the user can be easy to find across the entire ecosystem and have more control over their data. The team behind Subsocial said: Having a single username across hundreds of social dapps will be very convenient, and the consistency would help people to find you on any app. We built a workaround for a non-existent centralized Web2 .sub TLD, and acquired sub.id domain name to redirect Web3 subdomains for all of the Dotsama Domains usernames. The domains can vary from user to user, some can use the .polka, .ksm, .sub, .movr, or others. SUB holders will have access to 3 different domains. In addition, the platform claimed to be working on a feature that will enable Web3 creators to monetize their work. Similar to how OnlyFans, Patreon, and other websites operate but are powered by Subsocial’s decentralized platforms. Vitalik Buterin And The Social Media Debate Social media has come under the spotlight lately as Tesla’s CEO Elon Musk made Twitter shareholders a multi-billion offer to take over the platform. This has been a cause for controversy in the crypto community as some users believe Musk would “save” the platform, and others that it could “ruin” it. The inventor of Ethereum weighed in on this debate. Via his personal Twitter account, he said the following: Don’t oppose Elon running twitter (at least compared to status quo), but I do disagree with the more generalized enthusiasm for wealthy people/orgs hostile-takeovering social media firms. That could easily go *very* wrong (e.g. imagine an ethically-challenged foreign gov doing it) Related Reading | The Weird Relationship Between Ethereum’s Price And Vitalik Buterin At the time of writing, Ethereum (ETH) trades at $3,000 with sideways movement on the 4-hour chart.

It looks like the deflationary pressures of boating accidents have finally caught up with supply. Monero climbing slowly, day by day… breaking some resistance levels and I don't see anyone talking about it really… a zero hype rally? Has the world decided privacy and decentralization are valuable now? True talk… monero is great for spending,…
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Bitcoin halvings are important events that have taken place since the digital asset was first launched in 2009. Since then, there have been a total of three halvings that have seen block reward cut down by half each time. The next bitcoin halving will happen in 2024 which means that the market is halfway there. As this fourth halving draws close, we take a look at how this affects the supply of BTC and in turn, the value of the cryptocurrency. Fourth Halving Coming Up The bitcoin halving is scheduled to happen every 210,000 blocks and the estimate for the next halving is put at May 4th, 2024, going by the current rate at which BTC is being mined. Currently, there have been a little over 19 million BTC mined, which only leaves an additional 2 million BTC that is left to be mined. With the halving cutting block reward by half, presently sitting at 6.25 BTC per block, it helps to predict the supply mechanics of the digital asset. Related Reading | New Wallets Surge On Cardano, What’s Behind This? With each halving, the daily issuance and supply go down. It is expected to fall even lower with the next halving, where each block reward would only be 3.125 BTC, and with the average of 144 blocks that are mined per day, the daily BTC awarded to miners on a daily basis will fall from 900 to 450. This helps to ensure that the supply of bitcoin diminishes over time, making it one of the core features of the monetary policy of the network. How It Impacts Bitcoin The bitcoin halving has various effects on the cryptocurrency. One of the ways where these effects are more prominent is mining difficulty. With less BTC being rewarded to miners for each block, it makes for stiffer competition, causing mining difficulty to skyrocket. This is evident in the trend that has followed the last bitcoin halving which took place in 2020. Likewise, bitcoin’s hashrate also increases as miners require more computing power to be able to mine blocks. BTC recovers above $41,000 | Source: BTCUSD on TradingView.com One notable thing about the current state of the network is the low fees. Even though bitcoin is halfway to another halving, transactions fees have remained near all-time lows. This is said to be the result of more efficient use of block space as there is no evidence that there is a decline in the economic usage of the network.  Related Reading | Whales Accumulate Through The Dip As Bitcoin Repositions To $40K However, one thing has always remained consistent across all bitcoin halvings and that is the effect it has on the price. Now, halfway through to the next halvings have been when the digital asset has recorded some of its lowest prices. So there are expectations that the price will suffer at this point. Nevertheless, a halving that reduces the supply of BTC going into circulation has always been a trigger for the next bull rally and 2024 is expected to be no different. Featured image from 99Bitcoins, chart from TradingView.com

PRESS RELEASE. Celebrity-fan interaction in the metaverse is at its nascent stage. However, a few recent past events are tell-tale signs of a tectonic shift happening on the fan-engagement front. It’s moving from Web 2.0 to Web 3.0 with metaverse as its building block. The Paris Hilton virtual world inside Roblox has seen significant footfalls, […]

In 2018 I bought tokens and haven’t messed with them sense I put them on MEW. But now I’m not entirely sure how that works anymore. I believe before I just went to the myetherwallet and did it there. Now when you go to the same website it wants you to connect your wallet app…
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An expert psychologist has said the way the results were gathered were “pretty much uninformative” and the connection between psychopathy and buying crypto was “very weak”.

I am known around work as that "crypto guy". Now that the market is down my co-workers laugh at me and tell me i should of invested in stocks. I'm told routinely by my co-workers that bitcoin is only used by terrorists and criminals. That I am stupid for investing in magic internet money. That…
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This distribution of Moons has been finalized, and Moons are being delivered to users with a registered Vault. Users who do not have a Vault yet will get their Moons when they create one through the Reddit app. This distribution is based on karma earned from 2022-03-22 to 2022-04-18. Here is the finalized list, with…
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