Category: Cryptocurrency News

YouTube, Instagram and TikTok are some of the most popular platforms for content creators to express themselves, create a community and – ultimately – generate income. However, as a part of the Web2 ecosystem, these platforms have some shortcomings when it comes to monetization and allowing content creators to engage their audiences. Web 2.0 vs. Web 3.0 Web 2.0 is all about user-generated content, greater interconnectivity and social interaction. People have been able to use Web 2.0 to generate forms of income: from subletting their homes, selling their goods and services and promoting brands through their YouTube channel or Instagram. But Web 2.0 has also demonstrated its dark side, evidenced by Facebook’s Cambridge Analytica Data scandal. Web 3.0 boasts all of the benefits of Web 2.0, but has further benefits for the average internet user. Web 3.0 is all about decentralization, meaning that instead of our data being held by one organization, like Facebook, our data will be stored in multiple locations through blockchain technology and cannot be manipulated by any single entity. Web 3.0 is also more interactive, with technology like AI and machine learning set to be at the forefront. Web 3.0 also features tokenization, meaning that people can convert many forms of assets into tokens on the blockchain. Content creators For the content creator, Web 2.0 has some drawbacks. Firstly, it is difficult for any new YouTuber to crack the platform’s algorithm and boast initial views – regardless of the quality of content that they produce. The YouTube algorithm is inherently biased towards channels with greater views and subscribers. While content creators are eventually able to make money from YouTube and ads once they reach a certain number of views on their videos, the platform is limited in providing content creators with alternative means of generating income. If content creators were allowed to tokenize their content and brand, they could generate further revenue. Leading the Web 3.0 Content Creator Revolution: XCAD XCAD allows for the tokenization of YouTubers. XCAD allows for content creators to create their own token that their fans can purchase or earn by watching their videos. XCAD has a plugin on Google Chrome that automatically has fans get creator tokens just by watching their favorite YouTuber’s content. Unlike anything ever seen before, XCAD allows creators and viewers to be rewarded. For the content creators, this system allows for income generation through tokenization, further views to gain more income from the YouTube platform’s algorithmic rewards system and allows them to reward their fans for watching their content while further engaging them. These Creator tokens can be used by fans to get closer to their favourite YouTuber. Holding them could grant fans access to events, private groups and even video collaborations with the YouTuber. Apart from tokenization, within XCAD’s roadmap is a plan to allow content creators to mint their own unique NFTs that can be purchased by their fans. Fans will be able to purchase content creator’s NFTs through the content creator’s token or the XCAD token. Creators can offer NFT “moments”, which are essentially a collection of creator moments from videos, with the most iconic moments being rare and more valuable. Platforms like XCAD are inevitably the way forward and the project has a bright road ahead.  

Last week saw one of the largest losses of value in the history of cryptocurrency. Bitcoin and the general crypto market crisis was hit by the Terra ecosystem’s collapse. Bitcoin plummeted to under $30,000. Obviously, institutional players took advantage of the circumstance. Investors Flood Bitcoin Institutions reportedly invested $300 Million into exchange-traded Bitcoin funds last week, according to reports. According to CoinShares, the previous week recorded record weekly crypto inflows for the year 2022. The net weekly inflows were $274 million in the previous week. While North American investors pumped $312 million into cryptocurrency last week, European investors saw a $38 million net outflow. According to the CoinShares report: Investors saw the recent UST stable coin de-peg and its associated broad sell-off as a buying opportunity. Bitcoin was the primary benefactor, with inflows totalling US$299m last week, suggesting investors were flocking to the relative safety of the largest digital asset. CoinShares’ head of research, James Butterfill, expressed amazement at the unprecedented volume of bullish investments in Bitcoin funds despite increased market volatility. “It’s the highest weekly total since October 2021, and the 19th highest since records began in 2015,” he said. Source: Coinshares Bitcoin’s price peaked at $69,000 in November of last year, and it has since been on a steady decline, losing more than 50% of its value. The Bitcoin price has dropped by more than 20% since the beginning of May 2022. Related reading | Grayscale Met With The SEC, Tried To Convince Them To Turn The GBTC Into An ETF Would Price Surge? Bitcoin plummeted against the US dollar and hit the $29,000 support level. BTC must settle above the $30,500 resistance to begin a solid rise. Bitcoin dipped below $30,000 after failing to gain traction above $31,000. The price is currently trading above both the $30,000 and the 100 hourly simple moving averages. A break over a connecting negative trend line with resistance near $29,600 was seen on the hourly chart of the BTC/USD pair. The pair could acquire bullish momentum if it closes above the $30,500 resistance. Although the price dipped below $29,500, bulls were active near $29,000. The price has recovered losses after forming a low near $29,060. Above the $29,500 barrier, there was a clear upward movement. The price surpassed the 23.6 percent Fib retracement level of the latest drop from the swing high of $31,390 to the low of $29,060. There is immediate resistance near the $30,300 mark. It’s approaching the 50% Fib retracement level of the latest drop from the swing high of $31,390 to the low of $29,060. A solid close above $30,300 might pave the path for a large gain. BTC/USD trades slightly above $30k. Source: TradingView Around $31,400 is the next major resistance level. In the next sessions, a clear break over the $30,300 and $31,400 resistance levels could kick-start a new upswing. Near $32,500 could be the next big resistance level, after which the price could rise to $34,000. If bitcoin fails to break past the $31,400 barrier mark, it could fall further. On the downside, $29,600 provides immediate support. Around $29,000 is the first substantial support. If the price breaks and closes below the $29,000 support level, it might herald the start of a significant fall. Related reading | TA: Bitcoin Holds Key Support, Why BTC Must Clear This Resistance Featured image from iStockPhoto, Charts from TradingView.com

This is the Top 10 on 16.12.2017 with their corresponding prices: ​ Top 10 on 16.12.2017 Now let's look at their prices around 1 year later when BTC hit its low after the 2017 bullrun on 14.12.2018: ​ prices 14.12.2018 Yes, everything lost a lot a value. Some much more than others but let's go…
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After I just randomly talked to some people about Crypto. They all seem to know about the few big ones like Bitcoin and Dogecoin mainly. They also partially knew what Crypto is about, technology to programm without any big authority, but they still mostly saw it as a stock market like investment. The interesting thing…
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League of Kingdoms offers players a chance to not just rule their kingdom but own it in the form of an NFT.

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Hello, crypto-enthusiasts! Just wanna say a few words about my startup Don't wanna spam and leave a link, if you are interested you can easily find us 🙂 We are a smart DEX aggregator! Droidex aggregates decentralized exchanges and DeFi services in one smart interface to streamline user swaps with decentralized finance. Our mission is…
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India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization of Economy The Reserve Bank […]

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