Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

I really don’t see the point of checking charts 100 times per day if you are here “for the long run”

Most of people keep saying "I am here for the long run" yet when the market is red (blood from nose red, not blood in the streets red) they keep checking charts 100 times per day, panicking and so on. I will understand it if you are trying to time the market. Good luck with…
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Ethereum Foundation: Periodic reporting of financial status – is there something like this?

Hey Ethereum community, I am researching right now much liquidity popular crypto project's foundation organizations have. Furthermore, I am interested in learning how these organizations split their funds between tokens and fiat. Does the Ethereum Foundation periodically report these kinds of financial status? If yes, can somebody point me to the resources? If these reports…
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Cointelegraph Consulting: Is OpenSea an undervalued NFT marketplace?

OpenSea’s transaction volume, which recently surpassed $10 billion, makes it the clear leader in the NFT boom of 2021.

Houston Rockets Partner With Bitcoin Company NYDIG in Sponsorship Deal

NBA basketball team the Houston Rockets has partnered with NYDIG, a leading bitcoin solutions provider, to be the team’s official bitcoin services partner. The deal will provide the team with cryptocurrency-related opportunities and give NYDIG exclusive exposure in the team’s social, digital, and arena platforms. The full amount of the sponsorship, which was not disclosed, […]

Slotie NFT is Building Community to Reshape Gambling Industry

According to reports, the gambling industry is worth billions of dollars. The gambling industry was estimated to have a market cap of 53.7 billion USD in 2019 and to grow at an 11 percent annual rate from 2020 to 2027. Although gambling has been a popular social activity since the 9th century in China, to the 17th-century card game, poker, the internet has significantly impacted the gambling sector based on the Persian game As- Nas. Online casinos and online gambling have become very popular in today’s world, and they have played a significant role in increasing the gambling sector’s market capitalization and driving user growth. With the introduction of blockchain technology, the online gambling industry appears to be poised for another surge. The gambling industry is currently highly centralized, which has resulted in a lot of friction between users and online casinos, betting companies, and so on. The use of blockchain technology eliminates the need for an intermediary to place bets. This article will look at Slotie, a fast-paced blockchain-based online casino, and how it intends to redefine the gambling industry. The Current State Of Online Gambling Currently, the gambling industry is highly centralized, with bookmakers deciding the fate of users in the gambling world. Over the years, numerous reports have been filed against online gambling companies for questionable and unfair practices. There have been reports of slow payouts, users being cheated out of their winnings, and bookmakers abusing their power over the system by manipulating gambling events. These issues have become a source of concern, and if not addressed promptly, they will stifle user growth in the online gambling industry. Incorporating decentralized finance in the gambling industry could be the solution that the gambling industry sorely requires. Sloties, An Utility-Based NFT Project With the plethora of issues currently plaguing the gambling industry and the crux of the majority of these issues being linked to centralization, it is a no-brainer that the gambling industry requires decentralization.  Additionally, many industries have been disrupted by decentralization and blockchain technology, which provides a trustless and permissionless system and eliminates the need for a third party. Slotie seeks to disrupt the gambling industry by introducing blockchain technology and NFTs and providing unique betting features for players and the opportunity for the investors to co-own the casinos’ house edge. Sloties are over ten thousand individually generated NFTs on the Ethereum blockchain with the primary goal of providing utility in the gambling industry. Sloties are built on the ERC-721 standard, which also powers digital collectibles and the majority of utility NFTs. The recent NFT craze has drawn users to NFT-based slot machines, where you can win NFTs rather than cash. Slotie’s slot machines allow slotie holders to become shareholders of the casino’s house edge and earn incredible rewards. As a slotie NFT holder, you can stake NFTs into slot games and earn rewards from casino players hoping to win the NFTs staked. By staking Slotie NFT’s, the NFT community has the opportunity to become the “house” in 150 casinos. In addition, the passive income made monthly from casino players is distributed to the NFT community every month. Being a Slotie NFT holder offers some benefits, including: Staking Rewards: Slotie community members can provide Slotie NFTs as liquidity for slot games. When a slotie NFT is added to the slot games, the value is automatically calculated and suggested to the NFT holder. If the NFT is lost to a casino player, the holder receives the amount calculated by Slotie’s algorithm. Thus, NFTs can be staked in slot machines by all holders equally, and the value of the NFT itself determines the house share. Passive Income: Aside from staking rewards, being an NFT holder allows you to enter lucrative partnership deals with other casinos and Elia software. NFT holders receive 80% of the monthly revenue generated by Slotie owners. Passive income is a critical component of Slotie’s ecosystem, providing Slotie NFTs with multi-utility use cases. Keep in mind that passive income rewards are permanent and come with no risk to NFT holders. VIP MEMBERSHIP/RAKEBACK Aside from passive income streams and staking rewards, another unique benefit of Slotie’s project is the opportunity for NFT owners to receive VIP membership at 150+ partner casinos. VIP members also receive a cashback guarantee, which can be as high as 20%. This is known as rakeback. Slotie owners will be reimbursed 20% of all lost bets with a Rakeback. Rakebacks are paid from affiliate commissions collected by all partner casinos. This Slotie’s Development Slotie has built a robust community in a short period, and it is constantly growing. In just five days after launching their Discord server, Slotie had over 10,000 members. Slotie is a very promising NFT project, and its utility NFT use cases play a significant role in this unprecedented growth. Slotie’s presale and public sale of its NFTs are scheduled for Q1 2022, and the project has been dubbed one of the fastest-growing NFT communities this year by some. Final Thoughts Slotie’s rapid growth and distinct vision for the online gambling industry exemplify the level of innovation and possibilities made possible by NFTs and blockchain technology. Slotie intends to use blockchain technology to alter the gambling industry’s narrative and usher in a new era of trustless, permissionless online gambling.    

Can we be honest with ourselves about NFTs – a net damage to what Crypto is about, and a distraction to what we should be spotlighting

Let me start by saying have been in the space for about 10y now. Have been through many cycles, seen many innovations and many scams and generally can see when the community are self destructive and when productive. Not all NFTs are scams or not genuine in purpose, some really do have value as collectibles…
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Boson Protocol seeks to blend physical and digital marketplaces in the Metaverse

Co-founder Justin Banon discusses Boson Protocol’s plans to launch the world’s first Metaverse commerce experience in Decentraland.

Top 3 Outstanding Projects To Watch From Solana’s Breakpoint Conference

This year just keeps getting better and better for Solana. Since Sam Bankman-Fried, the CEO of FTX, famously tweeted an offer to buy SOL at a price well above its market value in January, SOL is up 12,000% for the year, and it recently broke into the crypto Top 5 as measured by market cap. The price of $SOL began soaring to new all-time highs as the Solana community met in Lisbon for the network’s first-ever international conference, Breakpoint. After nearly two years of enduring a global pandemic that kept everyone at home, Breakpoint was the first time many people in the Solana community met in person to discuss the future of their projects. Presentations from project leaders in DeFi, NFT metaverses, and social media helped build the buzz around Solana at the sold-out conference. As the meeting drew to a close, the optimism behind these projects was contagious, knowing that Solana’s high-speed and low-cost blockchain network was giving each of these sectors a leg up in technology. This article takes a look at three outstanding projects presented at Solana Breakpoint. Each of these projects should help lay the foundations for onboarding a new generation of a billion blockchain users seeking the rewards of participating in DeFi, exploring NFT metaverses, and keeping in touch with social media. Hubble Protocol Explores the Universe of DeFi 2.0 on Solana DeFi has experienced exponential growth since it began heating up in 2020. The total value locked in DeFi now stands shy of $300 billion with around $15 billion of that TVL attributed to Solana, which sits in third place behind Binance Smart Chain ($21 billion) and Ethereum ($183 billion). Hubble Protocol, developed and launched by a former programmer at Bloomberg, is on a mission to capture even more value for Solana DeFi. By creating sustainable DeFi 2.0 services focusing on democratizing user participation and sharing revenues with the community, Hubble has a stated goal of “exploring the DeFi universe on Solana.” The first product to launch on Hubble is a borrowing platform that lets users deposit multiple assets like SOL, BTC, and ETH to mint USDH at a capital-efficient collateral ratio of 110%. Comparisons have been made calling Hubble “the Maker DAO of Solana,” and USDH should become an integral part of DeFi on the network as a Solana native crypto-backed stablecoin. What’s impressive about Hubble is that nearly all of the protocol’s revenue is shared with the community. Users who stake HBB, Hubble’s DAO governance token, receive the majority of the 0.5% fee for minting and redeeming USDH, and these fees are distributed in USDH. Liquidations are collected 100% by the protocol’s users, and the arbitrage opportunities that keep USDH on peg are also significant revenue streams for those who love to arb. In addition, users who deposit their crypto on Hubble can earn yields on these deposits while they mint and borrow USDH. Yielding on deposits creates a zero-cost borrowing proposition, as these gains can cover the minting fee, and no interest is charged on loans. The project has listed an ambitious roadmap that should take DeFi 2.0 on Solana to the next level by introducing structured products (pre-packaged DeFi strategies) and under-collateralized lending. Both of these developments are tremendous additions to DeFi as a whole, and successfully pulling them off should bring new DeFi users to Solana in droves. Star Atlas Launches an Unrivaled Blockchain Gaming Experience Electronic gaming has been hailed as the entry point for crypto and blockchain technology’s mass adoption. The New York Times reports that the gaming metaverse could change the face of commerce in general. The advent of play-to-earn (P2E) gaming and GameFi has led to people quitting their jobs in some countries to start making a living from playing blockchain games. P2E games are exploding in popularity, and Axie Infinity chalked up an excellent year for adoption with a token price that has blown through the roof again and again. However, most of the offerings that have driven the crypto gaming boom up until now, like Axie Infinity, can be described as turn-based card games. Now, pair a “grand strategy game of space exploration, territorial conquest, political domination, and more” with the 3D power of Unreal Engine 5, and you get the revolution in blockchain gaming that is Star Atlas. If Star Atlas’s gameplay graphics are even half as mesmerizing as its spine-tingling trailer, then wow. The technological leap into 3D that powered games built with Unreal Engine will finally bring the immersion and open-world gameplay of massively multiplayer online role-playing games (MMORPGs) to blockchain gaming and P2E. Star Atlas is set in the year 2620, a future where three warring factions battle for resources across the universe. Gameplay is driven by NFTs, which means real assets with monetary value will be won and lost as gamers participate in battle. Still, players can enter safer levels to train and learn how the game works before entering the “Wild Frontier,” where anything goes. Players in the Star Atlas metaverse will find many possibilities for things to do and ways to play to earn. There’s a long list of roles players can choose from, and Star Atlas has planned out a massive in-game economy where users can mine for a profit and even secure DeFi loans and insurance policies on ships. Star Atlas has begun releasing mini-games pre-launch, and their Discord server has already attracted 100,000 users. Once full gameplay is launched, it will be interesting to see how many people quit their jobs to P2E full time! Breakpoint Announces a Revolution in Social Media Social media took center stage at Breakpoint on several occasions. During Sam Bankman-Fried’s participation in a talk about Solana that was piped in on the big screen, he mentioned that Solana was the only blockchain capable of delivering any social media presence. While no one project stood out during the conference’s three days of presentations, social media was on the tip of everyone’s tongue. One of Reddit’s Co-Founders, Alexis Ohanian, filled a slot on the last day of Breakpoint to talk about why he and his venture firm Seven Seven Six were pledging $100 million to develop social media on Solana. This investment doubles the original $50 million pledged by Ohanian in partnership with the Solana Foundation. Ohanian echoed SBF’s claims that Solana would become the home for social media as he added that Web3, in general, would flourish on the network. Ohanian is quoted as saying, “There is an unprecedented opportunity to fuse social and crypto in a way that feels like a Web2 social product but with the added incentive of empowering users with real ownership,” and that Solana would be the network that makes this possible. It’s too early to tell which project will rise as a leader in providing social media services for the future of Web3 on Solana. However, with $100 million in funding set aside to develop the sector, watch out for social media platforms as they build on Solana soon. Speedy Solana’s Growth Continues Its Parabolic Rise Solana’s network advertises speeds of up to 65,000 transactions per second (TPS), with block times clocking in at 400 milliseconds per block, making Solana the fastest public blockchain available today. Furthermore, with an average transaction price of $0.00025, Solana is also one of the cheapest blockchains for users and developers on the market. It shouldn’t come as a surprise that there are reports of many users switching over to use Solana from Ethereum. The network that invented smart contracts, Ethereum, advertises around 15-30 TPS with transactions costing approximately $50 each. Raj Gokal, Co-Founder of Solana, took the stage with Alexis Ohanian and at one point stated at the Breakpoint conference that his network plans to onboard over a billion people in the next few years. If Breakpoint serves as an indicator of Solana’s success, the DeFi, NFT, and social media projects lining up to build Solana’s future might make that billion-user figure a reality.

NFT For Politics – Token that restructures the Society

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

Instant 4% gain by staking eth in Kraken?

Hello! I'm looking for options for staking my eth. I was inclined for using Lido (I own a ledger wallet and they seem to work well together). However, I was looking at the staked coins that exchanges use to keep staked eth liquid and saw that in Lido the stETH/ETH is 0.99 while in Kraken…
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