Category: Cryptocurrency News

Gera Coin launched a few months ago with the ambitious objective of pioneering a new era of cryptocurrency payments for delivery. Since then the project has surpassed expectations time and time again, thrilling investors and its growing community. Gera Coin is a blockchain-based payment-for-delivery application. The project aims to help users find delivery platforms to order products ranging from food, groceries, and other home essentials. The COVID-19 pandemic, subsequent lockdowns, and social distancing have turned delivery for basic supplies a norm. As such, Gera Coin offers exciting solutions for delivery payments. Added to this is the GERA token which fuels the Gera ecosystem. The Gera team minted a maximum supply of 8.8 billion GERA in a single genesis block. However, the project will gradually release the full GERA supply as the token is listed on various exchanges. Recently, the Gera Coin team has worked aggressively to get the GERA token listed. Their efforts have started paying off as the token has been successfully listed on several top exchanges. Some of the exchanges now supporting the GERA token include notable exchanges like Bithumb Global, BitMart, Bibox, XT.com, and VCC Exchange, among others. In fact, the platform partnered with VinDAX to launch its initial coin offering (ICO). Since then, at least one new exchange each week has listed GERA and the token has mooned despite the prevailing volatile crypto market. GERA reached an all-time high of $0.824895 in mid-April but subsequently slumped a month later along with the rest of the market. However, the bullish token managed to rebound faster than the rest of the market and is currently trading at $0.782479. Notably, this is only 5.2% below its all-time high. Meanwhile, top cryptos Bitcoin and Ethereum are still struggling to rebound as they continue trading down at below 50% of their all-time high prices. Such outstanding performance by GERA clearly shows the resilience of the token and its strong utility and fundamentals. As such, the Gera team couldn’t be happier and promises more exciting developments as the project evolves. GERA is now available on the leading digital assets exchange CoinBene. Users can begin deposit on CoinBene starting from July 21, 2021. Presently, the Gera team is working on getting GERA listed on even more top exchanges. In addition, the Gera app and mainnet are in advanced development stages, in anticipation of their 2022 launch. In the meantime, Gera Coin is focusing on expanding its team and building key strategic partnerships.    

I have like $37.5k invested total in bitcoin, and after the crash, I only have $10.8k gains. If I sold at $65k, I'd have $100k right now in cash. I basically bought a whole coin at around $10k, held since, gained a lot, bought more to have .5 more buying on the way up from…
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On Wednesday, the non-fungible token (NFT) platform called Autograph, co-founded by the Super Bowl champion, Tom Brady, announced a strategic partnership with the companies Draftkings and Lionsgate. Draftkings Inc. also revealed on Wednesday that the publicly listed company is launching an NFT marketplace dedicated to NFT digital collectibles. Tom Brady’s Autograph Brings Star-Studded Lineup, Signs […]

The firm said it planned “to drive greater dialogue and collaboration with regulators and policy makers” as a member of the group.

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Shocker! According to the latest CBECI update, China’s control over Bitcoin mining was already waning. The Cambridge Bitcoin Electricity Consumption Index shows that and much more, it “provides an up-to-date estimate of the Bitcoin network’s daily electricity load.” However, China is the headline. The government’s recent ban on Bitcoin mining left the world speechless, and this feels like another piece to solve that puzzle.  It doesn’t quite fit, though. According to Arcane Research, CBECI numbers say that: China’s share of total Bitcoin mining power has declined from 75.5% in September 2019 to 46% in April 2021 — before the restrictions on Chinese miners were even imposed. That figure is much lower than the older estimate of 65%. Related Reading | Why China’s Crackdown On Bitcoin May Be Just Beginning That’s a sharp decline. Why did China’s miners lose so much ground before the ban? Did the Chinese government turn off the machines that they reportedly own? Why would they do that? Is everyone missing an obvious explanation for all of this? It’s also very interesting that the CBECI shows that the United States and Kazakhstan were growing at a tremendous rate before the ban. BTC price chart on Bitstamp | Source: BTC/USD on TradingView.com Bitcoin Mining In The United States And Kazakhstan  Arcane Research crunched the numbers, and apparently: Over the same period, the United States’ share of total Bitcoin hashrate increased from 4.1% to 16.8%, making it the second-largest Bitcoin mining location.  Following behind is Kazakhstan, with an almost six-fold increase of hashrate share — from a mere 1.4% in September 2019 to 8.2% in April 2021. That ‘s curious. After the government ban came into effect and the miners turned off their machines, we worried about the Bitcoin hash rate going into a death spiral. The great miner’s migration was on its way, and guess who were the forecasted big winners: Tons and tons of mining equipment are currently traveling to their new homes. There are reports of a huge operation in Kazhakstan, a neighboring nation of China. There are also rumors of equipment and personnel already settling down in Texas. The US state is making a push to become a Bitcoin mining capital, and apparently, the efforts already bore fruit.  Remember, though, everything the CBECI numbers show happened before the ban. Is there something we’re missing? Country share of global Bitcoin hash rate | Source: Arcane Research How Do They Get The CBECI Numbers? The Cambridge Bitcoin Electricity Consumption Index explains the methodology they use: The underlying techno-economic model is based on a bottom-up approach initially developed by Marc Bevand  in 2017 that uses the profitability threshold of different types of mining equipment as the starting point. Given that the exact electricity consumption cannot be determined, the CBECI provides a hypothetical range consisting of a hypothetical lower bound  (floor) and a hypothetical  upper bound  (ceiling) estimate. Within the boundaries of this range, a  best-guess  estimate is calculated to provide a more realistic figure that approximates Bitcoin’s real electricity consumption. So, it’s a very elaborate educated guess. However, it’s based on real data and a range of estimations. Does it tell us anything about the curious results they got? Is the data telling a story that we’re missing?  Related Reading | How China Bitcoin FUD Is Lowering The Cost To Produce BTC Last month, we posed a theory about the Chinese government trying to get rid of small hydroelectric plants. The whole situation is perplexing, so, we asked the following questions: It’s possible that the government is trying to get rid of those plants. That would explain the article’s tone, it seems like it was trying to get investors to stay away from those hydropower stations. In light of this, China’s ban on Bitcoin mining could just be part of an even bigger play. They’re serious and methodically shaking things up over there.  What could be their end-game? Is China just trying to go carbon neutral and repair the original flow of the rivers? Or is there something else at play here? Everything the CBECI shows seems to relate to the answer to all of these questions. However, there’s at least one piece missing. The mystery persists. Featured Image by Tuna Ölger from Pixabay – Charts by TradingView

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Sniping new listings on Uniswap or Pancakeswap? Don't let anyone shame you, every so many times you get scammed, you can easily luck into a 10x, 100x, or better. You can also sometimes make a quick 2-3x on completely worthless coins if you get in early and don't get greedy. Still, don't get scammed! I've…
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Ashton Kutcher has uploaded a video featuring Vitalik Buterin explaining Ethereum from his lounge room.