Category: Cryptocurrency News

ROSE price is on the rise thanks to a $160 million ecosystem fund that helped facilitate the launch of the first DeFi and NFT projects on Oasis Network.

I have opened a wallet in Coinomi I have then started a new account in Metamask I tried to re-create from Coinomi to Metamask, but Metamask didn't recognize the seed phrase I have imported it finally by the private key. Now, I have deleted the Coinomi wallet. Now I try to export the seed in…
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Hear me out CMC fans, I have participated in all airdrops by CMC for the last months, every single one of them. Now I'm luckily not an idiot, so I created a new email just for crypto, with no information about my name or anything in the email address, created a FB account, telegram, a…
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edit: Putting this edit up top as I think it's important. User only_merit made a great point. My numbers are daily closing prices that I got from Yahoo Finance. They do not take into account intraday price changes. I just checked intra-day prices on coinmarketcap for some of the months in question and the other…
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While the crypto economy shed billions in value this week, 18 different digital assets have accrued double-digit gains during the last week. At the same time, the top two leading crypto assets by market capitalization, bitcoin and ethereum, have lost between 2.8% to 6.2% in value in seven days. 18 Crypto Assets See Values Increase […]

the philosophy, the belief that crypto, NFT, metaverse or in more general decentralization is what will make the world a better place for humanity. For me, tech is too boring and gains are too volatile. What keeps me in this space is developing a belief, a vision that I can build a conviction in: by…
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Bit2Me, a leading Spanish cryptocurrency platform, has announced the launch of Bit2Me Earn, a new service that offers rewards of up to 20% in the form of cryptocurrencies to crypto holders on the sole condition that they transfer and store them. Bit2Me Earn will be available starting on January 1st, 2022. Initially, Bit2Me Earn will…
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In an interview for the Lex Fridman Podcast, CEO at Tesla Elon Musk talked about Dogecoin (DOGE), Bitcoin, Web 3, smart contracts and more. Musk has been more involved with the crypto space in 2021, but most of his takes have sparked debate and controversy. Related Reading | DOGE Plunges 9% As Creator Reveals How Much He Holds In This Cryptocurrency When asked about his preferences of DOGE over Bitcoin, Musk claimed that “even though” the former was created as a joke it is superior to BTC on transaction volume, and capability. In his view, the meme coin is also cost-efficient versus the “high price” users need to pay for using the Bitcoin network. Moreover, the Tesla executive believes Bitcoin has been unable to adapt to current times where “better internet connections” make long synchronization times and “small” block size obsolete. He referred to these Bitcoin attributes as “comic” and added the following addressing one of this cryptocurrency’s main features, its fixed supply: I think there is some value to having a lineal increase in the amount of currency that is generated (…). If a currency is too deflationary, if a currency is expected to increase its value over time there is reluctant to spend it (…) Musk’s replies were full of gaps for some users that took the time to demonstrate the counter argument in the Bitcoin versus DOGE debate. Vijay Boyapati, author of “The Bullish Case for Bitcoin”, took to Twitter for this task and to point out the mistake made by the Tesla executive. Talking about the block size for Dogecoin, Boyapati said that although it is in fact larger than Bitcoin, the latter has “orders of magnitude more transactional throughput” via the second layer solution Lightning Network. Historically, the BTC community has opposed any change to the network’s block size. This is due to the numbers of issues that could altered the network and even threatened its existence. In that sense, Boyapati said: Scaling at the blockchain layer is fundamentally flawed as it crucially undermines decentralization and protocol immutability. What Elon Musk Missed On The Bitcoin v. DOGE Debate Boyapati referred to Musk’s other reasons to support Dogecoin over Bitcoin. Addressing DOGE’s low transaction cost, Boyapati claims it’s due to the low network usage and not due to a superior design. Something similar happens to Bitcoin network fees. In times of bullish price action, the Bitcoin network’s fees usually tend to follow the price. The opposite happens in extend periods of downtrend. In fact, the first half of 2021 saw transactions fees of over 50 sats/vB in opposition to todays 11 sat/vB, according to Mempool.space. Boyapati hit the nail on the BTC monetary policy and block size, as he claimed developers would become “central bankers” if they are able to alter these characteristics. Bitcoin has surpassed the $1 trillion in market cap and worldwide adoption because people can verify its immutability, Boyapati added: The problem here is that Elon believes money must first and foremost be a medium of exchange. Rather, money always evolves through stages where it first becomes a store of value THEN subsequently a medium of exchange. Related Reading | Tesla To Accept Dogecoin For Merchandise, Token Soars 30% As of press time, BTC trades at $47,940 with a 2.4% loss in the past day.