Category: Cryptocurrency News

Like a phoenix rising from the ashes, eFIN is back stronger than ever with new services and products that add value to a next-gen, decentralized ecosystem. Among several new use cases and products, eFIN is unveiling a tool that will increase the interoperability capabilities of the eFIN ecosystem, and help it become a one-stop decentralized exchange for all crypto asset trading needs. eFIN is set to launch eFIN Bridge, a digital bridge between different blockchain networks on September 6, 2021. With this launch, eFIN will come one step closer to achieving true interoperability with low fees and greater rewards. eFIN Bridge, prior to the launch, has generated hype in the community because of its advanced capabilities. Here’s a quick look at what eFIN Bridge offers. eFIN Bridge eFIN has developed its native blockchain network on which eFIN operates. eFIN in itself is a custodial multisig solution that has native tokens and its BSC equivalents as WeFIN coins. But to provide the users with ease of use, eFIN has developed a bridge between eFIN native blockchain and Binance Smart Chain, turning the ecosystem into a multi-chain solution. The eFIN Bridge ensures to-and-fro movement of digital assets between the two blockchains, and helps the users to take advantage of its native Bitcoin features and smart contracts on BSC simultaneously. Another great use of eFIN Bridge is its scalability, allowing the ecosystem to use the Binance Bridge API to connect to more blockchains in the future with a small fee. Starting with the Ethereum Network, eFIN Bridge will create a 3-protocol token that will help boost its use cases. Besides the Ethereum Network, eFIN Bridge will also link with Bitcoin and Litecoin chains to become a universal bridge. Upon the launch of eFIN Bridge, the capabilities of the eFIN Mobile wallet will also be optimized, giving the users the ability to store, trade, sell and buy their digital assets residing on different blockchains in a single place. eFIN Bridge will open up several new use cases for the eFIN ecosystem including the ability to trade eFIN coins in the Binance Smart Chain. Users can simply wrap their eFIN coin to WeFIN coin using the eFIN Bridge, and then trade the WeFIN coins in the Binance Smart Chain. Using the eFIN DEX will not charge users any cost. However, when users convert eFIN to WeFIN, they have to pay eFIN network fees; and if users convert WeFIN to eFIN, they have to pay gas fees. Soon, the company will be unveiling its product, the eFIN Bridge, so stay tuned for more details! eFIN Ecosystem eFIN is a revolutionary platform that merges the boundaries of centralized finance and decentralized finance’s functionalities. The company achieves this using a focus-driven approach and a network of like-minded partners. eFIN is making the use of cryptocurrencies for daily payments more accessible, and promoting its mass adoption simultaneously. eFin ecosystem is powered by its robust product set, including eFIN Bridge, eFIN Coin, eFIN DEX, eFIN Swap, eFIN Mobile Wallet and WeFin (Wrapped eFIN Coin).  

After being inspired by the symmetry of a DOGE face, I wanted to make a bunch of NFT cards that represent respected cryptos, so I made these. I started with the DOGE Card, but I quickly did more. I will release more in the future, and more versions of these cards with updated info and…
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A new project has appeared on the raging NFT market and it is supposed to capture the attention of the Tron community. Bored Ape Yacht Club Tron is a copycat version of the Ethereum-based OG Bored Ape Yacht Club collection. Bored Ape Yacht Club Tron is the 3rd TRON-based project launched on the NFT-market. The first project of this kind was sold out in under 4 months, and the second – in just 36 hours. TRON NFTs have also demonstrated some spectacular results on the secondary market. For instance, Justin Sun bought a Tpunk for as much as $10.5 million. The Tron-based collection consists of 10,000 Bored Ape NFTs hosted on the TRON network. Each Bored Ape is unique and programmatically generated from over 170 possible traits, including expression, headwear, clothing, and more. Another 15 unique Apes were added to the collection specifically for the fans of the Tron network: FOR DIAMOND TOKEN HOLDERS (6/10000) – 6 NFTs dedicated to the projects included in the TRON ecosystem; FOR EPIC TRON FANS (6/10000) – 6 NFTs with unique traits created for TRON fans; SECRET GROUP (3/10000) – 3 secret NFTs that will come as a surprise for the whole community after minting. The minting price is 1,000 TRX for 1 NFT, which stands at the same level as previous TRON-based projects. By comparison, the average price of an Ethereum-based Bored Ape Yacht Club NFT is around 39 ETH, and for Tpunks the floor price is x20, and this floor is increasing every day. A team of cryptocurrency market professionals, expert illustrators and smart contract developers were put together to allow the project to become a reality. The BAYCT team has analyzed the previous TRON-based NFT collections. Among the biggest problems facing the team were vulnerability fixes, bug hunts and backdoor eliminations in the smart contracts of the two previous projects. Official minting is scheduled to start in less than 14 hours, according to the information posted on the official BAYCTron website. The launch of the official marketplace will be announced later on.    

Bitcoin mining is still one of the hotly debated parts of the blockchain. Miners, no doubt make a good amount for blocks mined given the current price of BTC. But mining difficulty has also gone up as more BTC are mined. In its decade-long history, over 18.6 million of Bitcoin’s 21 million total supply has been mined. This constitutes almost 90% of all BTC’s supply. This leaves a little over 10% of BTC left to be mined. Currently, there are about 2.250 million coins left to be mined. Related Reading | Market Analyst Sees Bitcoin Peaking At $100,000 By Year-End At the current rate, it is estimated that the last bitcoin will be mined about 120 years from now. This is due to halving events that will occur every four years, reducing the supply of BTC going into circulation every four years. Mining Bitcoin In 2009 Versus Mining In 2021 The cryptocurrency which first came out in 2009 had rewarded miners 50 bitcoins for each block that they mined. This was back when a user could mine bitcoin using an old laptop with a crappy graphics card. At this point, bitcoin was worth next to nothing. So a lot of miners either forgot their coins or sold them for very cheap. Bitcoin’s price evolution through this point is an interesting time. Related Reading | Crypto Has Arrived In Hollywood And The Stars Are Loving It! In 2021, three halving events since the launch of the digital currency has seen reward for block mined reduce drastically. The first halving occurred in 2012. At this point, the reward for a block was 25, reducing it by half. The next halving occurred in 2016, which reduced the reward to 12.5. The most recent halving happened in 2020, which reduced the number of bitcoins received per mined block to 6.25. The reward will continue to halve every four years until all 21 million BTC are mined. Every halving will reduce the rewards for mined blocks by half every time. Making the rewards for mining blocks smaller, while simultaneously increasing the mining difficulty as miners clamor to get the rewards for mined blocks. BTC Growth Over The Years The pioneer cryptocurrency didn’t draw too much attention until the Silk Road bust happened. Before the Silk Road was launched, BTC was only used by people who were in it for the technology. The returns were not really significant at this point. These of BTC on Silk Road as a way to purchase literally anything, from drugs to weapons, is what really made law enforcement turn its focus on the coin. BTC started to see significant growth in 2017 | Source: BTCUSD on TradingView.com BTC’s price remained mostly flat around this period, despite its increased popularity, thanks to the Silk Road bust. The most notable bull run happened in 2017-2018. This was when a lot of investors had heard about bitcoin. The bull market brought BTC to the forefront as a strong asset to contend with. Related Reading | Bitcoin At $100,000, Ethereum At $5,000 Is Path Of Least Resistance, Says Bloomberg Crypto Analyst In 2021, it is estimated that about 10% of the current world population are invested in either BTC or altcoins. Current numbers are put between an estimated 51 and 52.4 million crypto investors in the world. Compared to an estimated 2.9 to 5.8 million in 2017, this is tremendous growth. Featured image from OptinMonster, chart from TradingView.com

Not sure if this type of question is posted every time here but I want to get into mining and I heard that ethereum is pretty nice so how about I take a shot. I know you need a gpu, am running vega 8 integrated gpu for now but thinking of maybe buying a 6600…
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I see a ridiculous amount of tribalism in the crypto space, like BTC vs. ETH, ETH vs. ADA, DOGE vs. SHIB. A lot of this stems from the "X Coin killer" mentality, which many people have. Coins don't have to kill one another, they all serve different use cases and will succeed independently from one…
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The x axis would be time and the y axis would be gwei and the line would be the LOWEST gas price paid in that time interval. When you aren't in a hurry and want to make a good guess about low balling the gas fee so that it has a reasonable chance of clearing.…
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I was thinking about researching a bunch of random coins just to expand my knowledge on the space, as well as the potential to finding some gems out there. The idea hit me that I should ask reddit what their favorite coins are. To make it that I actually do the research, ill try my…
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