Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos, the issuer of the pax dollars stablecoin, in […]
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Altcoins present some of the best opportunities in the crypto world and finding altcoins that investors are talking about can be a great way to determine which projects are likely to perform well in the coming months. Throughout this article, we’ll take a look at seven of the best altcoins that everyone is talking about and provide a guide detailing how to buy our top pick. Let’s begin. Top 7 Best Altcoins – Our Picks Sometimes an investor just needs a helping hand. Therefore, we’ve included an overview of the seven best altcoins below. More detailed reviews can be found in the next section. Lucky Block – Trending NFT Competitions Altcoin Tamadoge – Utility-Focused Meme Coin Making Waves Battle Infinity – P2E Gaming Ecosystem that Investors Love Chainlink – Well-Known Oracle Altcoin VeChain – Enterprise-Grade Blockchain Making Headlines Ethereum – Largest and Most Popular Altcoin Quant – Interoperability Focused Project Trending with Investors A Closer Look at the 7 Best Altcoins That Everyone is Talking About Each project that we’ll be taking a look at has strong fundamentals and has been making headlines recently due to increased demand, exchange listings, or high-profile partnerships. Lucky Block – Trending NFT Competitions Altcoin Lucky Block (LBLOCK) is an NFT competition platform that uses blockchain technology to improve efficiency and create a provably fair drawing system. Each competition on the Lucky Block platform is entered by purchasing an NFT. Each NFT is priced in accordance with the potential rewards from the competition. This allows Lucky Block to offer a wide range of competitions catering to players of all budgets. Even after a drawing has occurred, the NFT still grants the holder a portion of the profit pool each day. In addition to the standard competitions, Lucky Block also hosts a Platinum Competition for holders of the Platinum Rollers (PRC) NFT collection. This competition takes place weekly with prizes ranging from crypto to a real Lamborghini. Recently, Lucky Block was listed on the Uniswap exchange. With Uniswap being one of the largest decentralized exchanges (DEX) on the market, this means that demand for the LBLOCK token is likely to shoot up. Furthermore, as many people in the crypto space are familiar with Uniswap, it makes it much easier to purchase LBLOCK. On top of the recent Uniswap listing, LBLOCK was also listed on the centralized exchange (CEX) at the start of August causing the token to shoot up in value. These listings come following LBLOCK’s switch to the ERC standard. It has also made future CEX listings far easier, so keep an eye on the Lucky Block Discord to see what exchange will list LBLOCK next. Buy Lucky Block Now Tamadoge – Utility-Focused Meme Coin Making Waves Tamadoge (TAMA) is a meme coin unrivaled in terms of utility. The project has been experiencing massive demand with the beta presale hitting its $2 million cap almost a month early. Thankfully, the general presale has now begun with TAMA being sold for $0.0125. As tokens are sold, there will be marginal price increases to afford better value to early investors. The P2E Tamadoge ecosystem centers around NFT-based Tamadoge pets. In just a couple of months (Q4 2022), investors everywhere will be able to mint their own Tamadoge pet. Despite initially starting as a basic variation, players can improve their Tamadoge pet by giving food, toys, and cosmetic items from the Tamadoge store. As a pet levels up, its owner will receive Dogepoints, slowly working their way up the Tamadoge leaderboard. The highest ranked players are entitled to the largest share of the rewards pool. Every Tamadoge pet is 3D-animated and viewable within the Tamaverse (Tamadoge’s Metaverse world). The Tamaverse will initially be explorable on web browsers, but the team will release a mobile app with augmented reality functionality (expected Q4 2023) allowing players to bring their pets into the real world. With demand for Tamadoge skyrocketing, it’s no wonder that investors are discussing the project. Unlike the majority of presales, Tamadoge already has a confirmed CEX listing on LBank following the conclusion of the general presale. Therefore, it’s an excellent time to check out the project before prices climb higher due to increased demand. Join the Tamadoge Telegram group to keep up-to-date with the project. (admins will never message first). Visit Tamadoge Now Battle Infinity – P2E Gaming Ecosystem that Investors Love Battle Infinity (IBAT) is a project aiming to create an expansive play-to-earn gaming ecosystem featuring DeFi, NFT, and Metaverse elements. The project has recently concluded its presale raising 16,500 BNB however the IBAT token will soon be listed on PancakeSwap. Battle Infinity is broken up into the six following platforms, IBAT Premier League (a fantasy sports league), IBAT Battle Swap (a DEX), IBAT Battle Market (an NFT marketplace), IBAT Battle Games (a collection of P2E games), IBAT Battle Arena (a metaverse world), and IBAT Battle Stake (a staking platform). With the IBAT token using the BEP standard, it benefits from cheap, fast, and energy-efficient transactions, perfect for a DeFi gaming ecosystem. The token can be used for in-game bets, staking, and purchasing advertising space within the Metaverse world. In contrast to most new projects, IBAT has already been KYC-verified by CoinSniper and audited by Solid Proof. With the amount of utility offered by Battle Infinity, it is one of the cheapest cryptocurrencies that shows massive potential. Join the IBAT Telegram for listing updates. Visit Battle Infinity Now Chainlink – Well-Known Oracle Altcoin Chainlink (LINK) is a well-known altcoin that provides on-chain projects a simple way to access off-chain data. By creating a decentralized oracle network, Chainlink has cemented itself as a key part of the crypto ecosystem. The project has already partnered with several notable projects including Chiliz, Hedera, and Polygon. Chainlink benefits from massive intrinsic value, a first-mover advantage, and a plethora of high-profile partnerships. As such, it should be no surprise that it’s considered one of the best altcoins available today. VeChain – Enterprise-Grade Blockchain Making Headlines Vechain (VET) is a popular layer-1 network designed to be used by large companies needing enterprise-grade solutions. The project aims to work its way into real-world industries in order to provide companies with immutable data that can be used to improve efficiency and transparency, particularly when it comes to supply chain management. Vechain has been making headlines recently through its partnership with e-commerce giant Amazon. VeCahin also works with several government entities making its use case apparent. Ethereum – Largest and Most Popular Altcoin Ethereum (ETH) is the largest and most widely spoken about altcoin on the planet. The ERC standard several of the aforementioned projects use is based on the Ethereum network. Ethereum features smart contract capabilities which allow developers to create cryptos and dApps using the network. With Ethereum being the second largest cryptocurrency on the market and being used by countless projects, it’s unlikely to go anywhere anytime soon. Quant – Interoperability Focused Project Trending with Investors Quant (QNT) is a project aiming to connect blockchain networks and solve the interoperability issue. Many investors believe that for cryptocurrency to enjoy mainstream adoption, different networks must first be able to work with one another. Quant is designed to facilitate exactly that. With Quant boasting partnerships with Amazon AWS, Oracle, and several other large tech-focused companies, it seems like this altcoin could explode in the near future. How to Buy Lucky Block To ensure nobody has trouble buying LBLOCK, we’ve created the below guide. Step 1 – Register with an Exchange Ethereum is needed to buy LBLOCK. It can be purchased easily from a regulated exchange like eToro. Visit eToro Now Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection Step 2 – Deposit & Buy ETH After creating an account, press ‘Deposit Funds’, decide how much to invest, and press ‘Deposit’. Then, type ‘ETH’ into the search bar, press ‘Trade’, choose how much Ether to buy, and press ‘Open Trade’. Step 3 – Create MetaMask & Send ETH Afterward, download the MetaMask browser extension or mobile app and follow the on-screen instructions to create a wallet. Then, ensure it’s set to the Ethereum network and withdraw ETH from eToro via the eToro Money Wallet. Step 4 – Connect Wallet & Buy LBLOCK Next, navigate to DEXTools, click ‘Connect’, choose MetaMask, and confirm the connection. Search for the WETH or USDC / LBLOCK pair, enter the desired number of tokens, and press ‘Trade’. The tokens will arrive in MetaMask near-instantly. Buy Lucky Block Now
Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out.
It’s not just ETH price that stands to benefit from Ethereum’s move to proof-of-stake in September.
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Australia’s financial services regulator sees the rise in crypto investment during the COVID-19 pandemic as a cause for concern, especially among young and new investors.
Ethereum gained pace and cleared the $1,800 resistance against the US Dollar. ETH is rising and might continue to rise towards the $2,000 resistance zone. Ethereum remained well bid above the $1,800 support and climbed further higher. The price is now trading above $1,820 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise further higher towards the $1,980 and $2,000 levels. Ethereum Price Eyes More Upsides Ethereum remained well bid above the $1,750 level. ETH gained pace after there was a clear move above the $1,800 resistance zone. It even climbed above the $1,880 level. There was a spike above the $1,920 resistance and the price traded as high as $1,943. Recently, there was a downside correction below the $1,900 level. Ether price tested the 23.6% Fib retracement level of the recent increase from the $1,655 low to $1,943 high. However, the price remained well bid above the $1,880 level. There is also a key bullish trend line forming with support near $1,880 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com Ether price is now trading above $1,820 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,920 level. The first major resistance is near the $1,940 level. A clear move above the $1,940 level could start a steady increase to $2,000. If there are more upsides, the price may perhaps rise towards the $2,120 resistance zone in the near term. Dips Limited in ETH? If ethereum fails to rise above the $1,940 resistance, it could start a downside correction. An initial support on the downside is near the $1,880 zone and the trend line. The next major support is near $1,855. The main support is near the $1,800 level or the 50% Fib retracement level of the recent increase from the $1,655 low to $1,943 high, below which there is a risk of more losses. In the stated case, ether price may perhaps decline towards the $1,765 support. Any more losses might call for a test of the $1,720 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,800 Major Resistance Level – $1,940
More than 50 million people worldwide consider themselves to be creators of some kind of content. The content creator economy is a fast-evolving market niche that is experiencing exponential growth. Its current size is estimated to be a little over $100 billion, showing an 8-fold increase year-on-year. This new economic sector requires new approaches and instruments, as large corporate platforms exercise great power over the creators’ content, and personal websites and blogs have limited reach. The problem with Web 2.0 In the current state of the Internet, known as Web 2.0, content is stored on a particular server or computer and accessed via a web address known as a URL, or Uniform Resource Locator, that specifies its location on a computer network and a mechanism for retrieving it. This means that the owner of the computer or the server where content is stored has complete control over whether and how it can be accessed and can limit access or even delete content at any time. At present, if the creators of video content, photographs, or blogs want to get their material out into the world, they have little choice but to post it on major social network platforms like Alphabet’s YouTube, Meta’s Facebook and Instagram, TikTok, Pinterest, Tumblr, Snapchat, and the like. While this provides access to huge audiences, this benefit comes with major drawbacks. This is because all content is stored and hosted on these Big Tech companies’ central servers, which these corporate behemoths have complete control of, and creators must give up a great deal of power over their content to put it there. At any time and at their own discretion, these social media giants can block any content they dislike or deprive creators of the ability to earn money from it. The platform has no legal obligations to the creators, so creators have no right to claim damages. All revenue generated by the creators’ content is collected and distributed by the network, and creators have no say as to what share they will receive. This disparity in terms of power and revenue puts content creators at a great disadvantage. Could Web 3.0 be the answer? The answer to this conundrum may be the third iteration of the internet: Web 3.0 Web 3.0 represents a whole new stage of development for the internet, in which working with web content will be organized in a completely different way. It is based on decentralizing content by storing data not on just one central server, but distributing it among many computers, or nodes, in a P2P (peer-to-peer) network with the help of blockchain technology. In this way, content is no longer held hostage in large corporate data centers, and big corporations and government authorities lose their ability to dictate if or how it can be used. Web 3.0 technologically eliminates the monopoly of Web 2.0 platforms and returns ownership of content to the creators themselves. This will fundamentally change the way creators produce and manage their content while providing them with better opportunities to profit from their work. Moving into the future While Web 2.0 platforms have demonstrated their commercial value, their drawbacks are becoming increasingly apparent. Delivering content through Web 3.0-based platforms can be the ideal answer to the problems creators currently face when dealing with faceless corporations. This is particularly true for creators of video content, whose work may be arbitrarily censored, restricted, or demonetized. One such solution is a new application called FavorTube, which is a Web 3.0 media-streaming platform offering real-time, consumer-grade HD video playback and full lifecycle services for content creation. It connects content creators, consumers, and fans in one decentralized platform that is transparent, fair, and anti-censorship, where all users benefit. With FavorTube, content creators produce and upload videos and earn revenue when consumers subscribe to their channels or content. Revenue from consumer views of ads on the platform is automatically distributed among creators, the platform, and viewers via smart contracts. Multiple forms of NFTs (permanent membership, crowdfunding) can be issued with one click, and revenue from channels or content is automatically distributed to NTF holders. Access to content is authorized on the P2P network, which protects the rights and interests of commercial videos. Randomly assigned DAO (decentralized autonomous organization) auditors from the FavorTube community monitor content and can ban material deemed to be inappropriate. FavorTube uses its own protocol stack, dubbed FavorX, as decentralized storage and content distribution underlayer. While some projects have already carried out theoretical exploration and technological R&D in this area, FavorTube is the first media-streaming platform to implement complete decentralization for file storage, content distribution, data retrieval, and purchase transactions. Its out-of-the-box desktop and mobile applications are directly connected to the blockchain on mobile terminals via P2P networks whose performance increases as the scale of the network expands. FavorTube is also the first fully decentralized application project to support the use of mobile terminals directly connected without gateways on an anti-censorship and globally accessible streaming platform. FavorTube takes the underlying concepts of similar Web 2.0 platforms but discards the monopolistic practices they use to generate excess profits, thus creating a new business model for content creation and revenue distribution by harnessing the decentralized financial characteristics of blockchain. Its decentralized storage and content distribution capabilities turn the power relationship between content creators, consumers, and content display platforms on its head to implement the fundamental idea behind Web 3.0 – that data is owned by users This represents a multi-dimensional leap over existing Web 2.0 content creation platforms, from the technical foundation to the business model, and provides content creators and consumers with an anti-censorship, high-yield, and autonomously growing application platform, which will be the first blockchain application project to exploit the commercial value of Web 3.0. As Web 3.0 develops, there is no doubt that other projects will emerge and follow in the footsteps of this ground-breaking project, as content creators increasingly seek out new platforms where they can display and profit from their work freely and fairly, without the ever-present oversight of Big Brother corporations.
Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT. *Indicates Proof of Reserves audit covered assets held both on Kraken’s spot exchange and Kraken’s staking platform. The addition of five…
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