Category: Cryptocurrency News

submitted by /u/rollingincrypto [link] [comments]

As of now, the estimate hashrate of the network is 716.35 TH/s. Combined, ethermine and f2 pool now have an approximate hashrate of 358.48 TH/s meaning that they control 50.04 of the entire network hashrate. With the Chinese pools shutting down, more and more network hashrate seems to be going into one of these pools…
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When the markets pump, even a little, there's lots of talk about exotic cars, being set for life etc. I don't want anyone discouraged in anyway about Crypto, it can be a way for people to change their lives in some capacity. However it's important to be realistic with the end result. It's fun to…
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This year, the use and acceptance of cryptocurrencies have experienced brisk expansion, especially in developing and under-developed regions like Latin America and Africa. Clouded by hyperinflation, decades of political and economic problems, feeble national currencies, and scarcity of traditional financial services, young populations within these regions with access to smartphones and the internet are playing a critical role in driving the mainstream adoption of cryptocurrencies. With the El Salvador government accepting bitcoin (BTC) as a legal tender, there has been an increased demand for decentralized financial (DeFi) opportunities for BTC users, especially layer-2 scaling solutions that help extend the capabilities of the Bitcoin network. Following El Salavador’s decision, BTC acceptance has surged across developing countries, including Ghana, Kenya, Botswana, Zimbabwe, Mexico, Chile, Colombia, Panama, Peru, and others. As a result of this unprecedented growth, cryptocurrency projects and protocols are increasingly introducing support for real-world use cases, emphasizing ease of use. From highly-regulated trading exchanges to underlying blockchain protocols, groundbreaking platforms are rapidly shrinking the accompanying adoption obstacles. The outcome is greater mainstream financial services accessibility for global unbanked and under-banked populations, not to mention opportunities to generate income via a range of DeFi products and solutions. Mainstreaming Crypto By Bridging The Real-World Gap CoinZoom, a US-based cryptocurrency exchange, is one of the most prominent names spearheading the efforts to build an open and inclusive decentralized financial ecosystem. Besides being a highly regulated exchange operating in more than 140 countries, CoinZoom also offers several crypto-centric features that make lives easier for the global population. As a crypto exchange, CoinZoom is suitable for both experienced and new traders, and its suite of connected products adds immense value for users. A range of CoinZoom Visa cards supports crypto payments across 53 million merchant stores worldwide. At the same time, the accompanying CoinZoom Earn feature allows users to earn up to 20% APY on their crypto savings accounts, far outstripping interest-bearing bank accounts. Moreover, the ZoomMe remittance service helps members to send and receive both fiat and cryptocurrencies across the globe for no fees. Another project on a mission to bring a positive change in the African region is Jelurida, a Swiss blockchain company that enables enterprises to develop decentralized applications (dApps) using its Nxt, Ardor, and Ignis blockchains. Jelurida’s ecosystem offers public, private, and hybrid blockchain solutions designed to solve real-world problems. Since its inception, the platform has facilitated experimentation of several promising real-world blockchain projects like HotCity, Cycle4Value, and TreeCycle. As the use of digital currencies develops across Africa, Jelurida Africa DLT, an offshoot of the Swiss firm Jelurida, has engaged in prelaunch project testing and other goals ahead of additional expansion to a larger number of African nations. Jelurida Africa aims to assist established companies, start-ups, and individuals to understand blockchain technology and provide consultancy, education, and top-notch solution deployments. Last but not least, RSK (Rootstock) is a smart contracts solution built on the Bitcoin network. With El Salvador legalizing bitcoin, the demand for protocols that enable businesses to support real-world use cases on the network has reached an all-time high. RSK, with its suite of products and features, brings Ethereum’s smart contracts functionality on the Bitcoin network while ensuring industry-grade security, faster transactions per second (TPS), and lower gas costs. Leveraging RKS, Kripton Market, an online marketplace focused on offering products and services to bitcoin users in El Salvador and other regions. With RSK, Krypton Market has launched a campaign across El Salvador to educate merchants and the general public about crypto’s real-world use cases and benefits. Other RSK-based solutions like Beexo, Money on Chain (MOC), Defiant, and Tropykus Finance will also participate in this campaign. The Kripton Market is currently being used by 150 stores, with an additional 564 stores expected to join as part of a software update with Procom and Innovacion y Desarrollo. Also, every supporter will contribute to bitcoin’s utility in El Salvador, whether it is through sending payments, paying for goods and services, QR code transactions, or door-to-door shipments.

Bitcoin is moving with conviction to the $60,000 area. At the time of writing, BTC’s price trades at $57,681 with a 4% profit in the weekly and daily charts. The general sentiment in the market remains bullish as Bitcoin has been able to shake off the bears over the past days. Traders and savvy investors have called BTC’s recent price action the beginning of the “Bitcoin Season”. Related Reading | TA: Bitcoin Starts Fresh Rally To $60K, What Could Fuel More Upsides During this period, BTC takes over the spotlight and rallies absorbing capital from other cryptocurrencies. As a consequence, the Bitcoin Dominance trends to the upside as it has since mid-September standing at a 44.65% of the entire crypto market. This metric stands far from its pre-crash levels but could continue to increase in the coming days suggesting more appreciation for Bitcoin. In a report QCP Capital emphasized the importance of a potential BTC-based Exchange Traded Fund (ETF) in the United States. This event is most likely driven the current bullish price action impacting the crypto market. The U.S. Securities and Exchange Commission (SEC) has postponed the decision to approve or reject, their usual decision in the past, a Bitcoin ETF until next week. The market seems to be positioning towards an approval on the back of certain statements made by the SEC Chair Gary Gensler. The regulator claimed that it’ll be more inclined to approve a Bitcoin ETF based on Chicago Mercantile Exchange (CME) futures. Related Reading | Why Bitcoin Could Be Far From $100,000, Says Fidelity Analyst QCP Capital explained the effect of these claims in the market: Funding and forwards have also been heating up over the last two weeks since SEC chair Gensler made favourable comments about a futures-based BTC ETF. Perpetual swap funding went from slightly negative in the end of September to around 20% now. Bitcoin At A Crossroads, Fresh Capital Price In ETF Decision Further data provided by QCP Capital showed that institutional investors have entered the market after pricing in a potential Bitcoin ETF approval. As seen below, the CME futures premium as trend upwards especially after Gensler made its optimist comments. In that sense, the SEC’s decision could trigger two of the following scenarios for Bitcoin. In the bullish scenario, the ETF approval will drive a new wave of institutional demand for BTC, QCP Capital expects. In a second scenario, Bitcoin will face another “buy the rumor, sells the news” event with potential for more downside and a retest of its support levels. Related Reading | Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone” As seen below, QCP Capital highlighted the dynamic in the BTC Options markets with the “front-end risk reversals” tending downside. This suggests a lot of uncertainty amongst investors and a “prevailing downside nervousness”. The firm said: Direction-wise for BTC, we find ourselves with a bullish bias but unable to form a strong bullish conviction in spite of the clear optimism in the market. The firm has set its target on Monday, next week. If the event is to favor the bears, it is possible that the weekend price action might reveal what’s to come in the following days. QCP Capital said: A lot hinges on the Pro-shares ETF decision on Monday, with their application being the first and widely expected to get approval. As the ETF decisions are underway, we expect BTC to remain the focus of the crypto market.

The crypto ecosystem has positioned itself as a disruptive niche to the centralized, traditional finance architecture. This upcoming decentralized market is based on blockchain technology, whose fundamental infrastructure is supported by several nodes instead of an overarching central authority. Blockchain nodes can be compared to small servers – their primary role is to store the blocks of data that make up a blockchain network. These decentralized nodes are connected and facilitate the exchange of the latest blockchain data for the network to stay updated. Simply put, nodes are the support system of blockchain environments. While the concept may sound technical, a node can be a computer, laptop, or other devices, including smartphones. Today, we have many blockchain networks such as Bitcoin, Ethereum and Dogecoin whose operations are facilitated by node validators. Node Validation The process of node validation involves allocating resources such as memory and computational power to store data and verify transactions that are added to a blockchain network. For instance, the Bitcoin blockchain uses a Proof-of-work (PoW) consensus, requiring miners to allocate resources for transaction validation and secure the network. In return, the miners are rewarded with network rewards for each block added to the blockchain. Currently, the network reward on the Bitcoin network is at 6.25 BTC following the May 2020 halving. Similarly, Ethereum and Dogecoin blockchain networks depend on node validators to function effectively. There are two major types of nodes; complete and lightweight. The former enforces all the rules of a particular blockchain network, while the latter references data from the full blockchain nodes. With lightweight nodes, users can run a node without storing the entire block data. However, these nodes are not as trustless as full nodes. An Expensive Affair for Small-time Players Running a blockchain node can be pretty expensive for small-time players despite being a lucrative opportunity for crypto stakeholders. The Bitcoin blockchain, which is currently the biggest, requires at least 2 gigabytes of memory and 500 gigabytes SSD or HDD. In addition, node validators require a fast internet connection of at least 50 Kbps, not to mention that Bitcoin’s blockchain scales at an average of 1 GB every week. Even meme networks such as Dogecoin are still out of the reach of most stakeholders looking to run a full blockchain node. Dogecoin’s network requires node validators to have at least a free disk space of 50 gigabytes and 2 gigabytes of memory (RAM). This is quite a stretch for the majority of the world’s population, given that only a few have access to sophisticated devices that can handle node validation. It is no surprise that environmental advocates have been criticizing the energy used to mine PoW cryptocurrencies such as Bitcoin. Tesla’s Elon Musk was among the leading critics. The company withdrew from its position to accept Bitcoin payments until miners prove that over 50% of the energy comes from clean energy. Switching to Alternative Blockchain Networks Today, the blockchain ecosystem has evolved to feature several networks where users can run cost-friendly nodes. Protocols such as Minima Global introduce ultra-lean blockchain environments that can fit on IoT or mobile devices. This decentralized network creates the possibility of an inclusive, scalable, secure and resilient blockchain protocol by allowing users to run full constructing and validating nodes from their smartphone devices. With the number of smartphone users globally currently at 3.8 billion, Minima taps into the potential of this burgeoning market to further decentralize its blockchain network. In doing so, the protocol has created the possibility of a censorship-resistant blockchain network that is truly autonomous and accountable. Wrap Up For a long time, the traditional financial market has had to deal with the shortcomings of a centralized ecosystem. Some of which include limited access to financial services due to cumbersome KYC processes and other nuances. Cryptocurrencies are changing the narrative by introducing a decentralized ecosystem where everyone globally can participate in one way or another. This paradigm shift requires efficient supporting structures, starting with nodes that form a core part of blockchain environments. Therefore, it is only logical for crypto stakeholders to make node validation a cost-friendly affair. This will improve the chances of scaling the decentralized aspect of existing blockchain networks. That said, upcoming blockchain designs featuring smartphone compatibility could provide a solid solution. Essentially, building blockchain networks with mainstream adoption in mind will likely hasten the growth of decentralized networks. Furthermore, smartphone-compatible blockchain nodes offer a significant value proposition to small-time players that have been victims of the current system. Image Source: Pixabay

Several models for the development of nations for the next three to five years were presented by the World Economic Forum, where cooperation was emphasized as the foundation for successful and speedy economic and social recovery. Speaking at the WEF, Børge Brende, a Norwegian politician and member of the Conservative Party, said that “the direction in which we need to head is towards greater dialogue, coordination and collective action”. Even today in the world of global business, we’re seeing hundreds of examples of cooperation gone right, such as the UN Global Compact, C40 Cities, Sustainable Trade Initiative (IDH), World Resources Institute, and many others. How are things in the crypto-world? The problems that cooperation can solve Cooperation has been popular around the world for many centuries as a form of getting people to work together to achieve certain goals. Nowadays, cooperative societies are designed to solve modern economic problems, namely: eliminating intermediaries, thereby lowering the cost of goods and services; speeding up the process of producing goods or certain commodities; exchanging experience and information in order to make adequate decisions in politics, education, healthcare, and any other economic sectors; accumulating resources (money, time, labor) for effectively implementing projects and achieving goals. Only up until a few years ago, cooperation was predominantly characteristic of industrial and manufacturing enterprises and companies as well as businesses from the non-financial sector. Today, however, we’re seeing more and more examples of cooperation in online environments and among IT projects. Here are just a few of them. Blockchain Investors Consortium. The Blockchain Investors Consortium has more than 120 members with more than $6 billion in digital assets under management in the group. The funds raised are used to support global projects aimed at the development and popularization of blockchain technology. IBM Food Trust.  This is an association of several blockchain technology companies at once. The IBM Food Trust consortium includes producers of agricultural products, carriers, as well as consumers such as Walmart and Nestle. Furthermore, businesses can track food products from their suppliers to consumers using their platform. Today, cooperation can not only accelerate the launch of crypto and blockchain startups but also significantly influence the popularization of blockchain technology in the world. The true power lies in a number “Let’s remember what happened on the stock market with Gamestop. Hundreds of thousands of retail investors rushed to buy up the securities of a little-known company, succumbing to the influence of FOMO, which was skillfully created by crowd manipulators. Crowds, after all, are easy to manipulate. As a result, investors lost money after all the excitement had died down. A well-thought-out participant self-organization system turns a crowd into a group, and a decision-making system makes it possible to solve this issue in a centralized way,” says Eugene Melnik, the CEO of TG Ecosystem. The self-organization of groups and, later on, the cooperation between them will be the solution to spontaneous investments lacking a clear strategy for recovering funds. The TG DAO 3.0 Launchpad, part of the TG Ecosystem, presented an effective solution to reduce the risks associated with investing in cryptocurrency, based on self-organization and cooperation. “We analyzed the main reasons for the failure of the ICO boom in 2018 and developed our own solution for the startup launch market. It lies in the cooperation of experts, users, and the projects themselves. We achieve our goals much faster when we act together rather than separately,” said Eugene Melnik. The TG DAO 3.0 Launchpad includes several instruments for effective crowdfunding. These include an accelerator and a platform for IDO, as well as other services that will be launched in 2022. The Launchpad team is also ready to collaborate with not only blockchain startups, but also with venture capital projects that offer innovative solutions for various areas of business. “Even today, we’re receiving a large number of applications to participate in the accelerator program and conduct IDO. Four projects have been approved by our expert council and will soon be eligible for discussion by community launchpad members. By the end of the year, we plan to review another ten projects and choose the most deserving of them,” Eugene Melnik comments. Cooperation is crucial when choosing startups to invest in, so the Launchpad team has arranged a voting system where users will decide which startups are allowed to conduct a token sale. This way, investors avoid the problem of recklessly investing their money into sketchy projects. Cooperation introduces several advantages that can be successfully used in projects. “First of all, it’s the ability to bring groups of people together and create the appropriate targeted programs for the purpose of investing or conducting joint activities. Secondly, the simplicity of participating within a cooperative, since a participant only needs to submit an application and pay the minimum entrance and share fees. Funds or other proprietary contributions to startups are allocated as early as when the cooperators create the program in question. Thirdly, the cooperative has the possibility to distribute its income among project participants in proportion to their participation in the cooperative’s business activities. In this case, it is the cooperative members themselves who decide on how the income is to be distributed,” says Natalia Khitruk, lawyer at TG Ecosystem. In the very near future, TG DAO 3.0 will conduct a Funding Round and a Public Sale of TGDAO tokens. More information about the project can be found on the website.    

I've been following crypto for a long time and Ive been regretting the decision to not buy BTC when friend of mine wanted to buy a few ten € worth of it back in 2010. I finally got in "for real" about a year ago and I've been hearing a lot of "we're still early"…
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Richard Buckminster Fuller was a well known American architect, systems theorist, author, and inventor. Similar to the visions expressed by the industrialist Henry Ford, the Nobel laureate Friedrich Hayek, and Austrian economist Milton Friedman, Buckminster Fuller also predicted a concept that resembled Satoshi Nakamoto’s Bitcoin invention 54 years ago in 1967. Buckminster Fuller: ‘Build a […]

SAKURA NFT Platform is a platform providing NFT market and various functions related to NFTs, to which EGI contributes with their development technology. They revealed this new information about the contract with a great car racer, Ai Miura. NFT collaboration with athletes on SAKURA NFT Platform: SAKURA NFT Platform is aiming to be entertaining and also dreamy for those who trust the infinite possibilities of NFT, around the world. They will invite young and energetic creators and also worldwide celebrities into this platform. SAKURA NFT Platform made the first contract with an athlete, Ai Miura, the first female F3 Japan champion in 2014. Profile: [Name] Ai Miura（三浦 愛） [Birthday] 1989.11.24 [Height] 154cm Official website: https://ai-miura.com/ Ai Miyra’s SNS: https://lit.link/aimiura#   Achievements: —2020— KYOJO CUP Series champion FCR VITA Series champion Participated in FORMURA REGIONAL JAPAN Participated in SUPER TAIKYU Participated in MINI CHALLENGE JAPAN —2019— Participated in Japan Formula3 C Class FIA Solar Car Race Suzuka ClassChampion —2018— Japan Formula3 C Class Ranking 12th, Best result 6th FIA Solar Car Race Suzuka Ranking Class 2th —2017— Japan Formula3 C Class Ranking 8th Best result 4th FIA Solar Car Race Suzuka ClassChampion —2016— Japan Formula3 C Class FIA Solar Car Race Suzuka ClassChampion About SAKURA NFT Platform:  This NFT platform provides not only the NFT market but also some other functions. You can manage your wallet for your tokens on that page. And you can make your wish list as well. Those NFT products’ reliability is secured by the labels of product status and other details required on this platform. As it is a symbol of Japan and it’s very easy to find that this project is related to that country, this logo image shows SAKURA(cherry blossom). About EGI: EGI aims to engage the next generation of eSports, on the blockchain. EGI creates meaningful engagement like never before between fans and players of esports. On the eGame platform, users create communities, provide insight, create fantasy tournaments, engage in safe betting, and sponsor the growth of up-and-coming players all over the world. EGI also has an NFT Exchange service and they are providing the NFT creation and NFT trading platform there. Check the official website and view the promotion video of EGI from here. Current News About EGI: ・EGI was listed on CoinMarketCap →https://coinmarketcap.com/currencies/egame-initiative/ ・EGI is developing a Digital NFT Town →https://blockonomi.com/egi-in-a-digital-nft-town/