Banxa, a crypto payment service, today announced it is now live with crypto mining and trading platform NiceHash. Banxa will provide NiceHash users with a new option to buy and sell cryptocurrency. NiceHash is an EU-based marketplace for hash power allowing individual miners from around the world to rent out their computational capacities. With over…
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Focus is now “exclusively on The Merge,” says Ethereum community manager as the deadline for the next stage of the transition to Eth2 grows closer.
A bitcoin whale wallet has been reactivated after almost a decade of dormancy. Wallets being reactivated after long periods of dormancy are no longer new to the market at this point. These whale wallets usually carry tens of millions to hundreds of millions worth of BTC by the time the owners of the wallet reactivate them. Bitcoins like these were acquired at very low prices but the market uptrend in the past couple of years has turned what were initially thousands of dollars into millions. This is the case with the most recent bitcoin whale wallet activation that saw hundreds of millions moved from a wallet that has recorded no activity in the past eight years. Now the market speculates what they might do with the BTC. Related Reading | New Record For Bitcoin Lightning Network As Adoption Grows Bitcoin Whale Wallet Boots Up After 8.1 Years Whale Alert posted a transaction hash that showed that a whale wallet had been reactivated after spending 8.1 years in dormancy. The wallet was last transacted in 2013 and since then has not had any sort of activity whatsoever. On November 20th, the wallet had its first activity after almost a decade as the holder had moved 1,232.6469 BTC out of the wallet. 💤💤💤💤💤💤💤 A dormant address containing 1,299 #BTC (77,620,338 USD) has just been activated after 8.1 years (worth 199,962 USD in 2013)!https://t.co/IO2GwlaSpe — Whale Alert (@whale_alert) November 20, 2021 The total amount of BTC held in the wallet was 1,299 BTC with an equivalent dollar value of $77.6 million. The amount had been promptly moved out of the wallet, leaving about $66 worth of BTC behind. BTC struggles below $60,000 | Source: BTCUSD on TradingView.com Community Speculates The Movement With $77 million in tow, there have been speculations as to whether the owner of the whale wallet would sell their bitcoin after moving it out. The coins were moved to another private wallet, not an exchange, which means that the holder was not sending off the coins to be sold directly. However, it is important to look at the impact such a sale could have on the market. Related Reading | Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack A sell order of 1,299 BTC going up on an exchange will no doubt cause panic among investors. The sale could very well see the price of the digital asset dip following such a big order. But given that the BTC held in the wallet was worth less than $200K back in 2013, it is not a stretch to think that the holder may want to cash out gains after holding for almost a decade. One user compared it to winning the lottery, saying; “If you bought a lottery ticket for under $200,000 and it turns to a $77m jackpot after 8 years, would you sell or not?” Regardless of the intention of the wallet holder, the price of bitcoin has held up in the market. The price has since recovered although the price had dipped towards $55K going into the weekend. Featured image from Nairametrics, chart from TradingView.com
Hi everyone, Does anyone know a simple and safe way to create an Ethereum address to be able to receive ETH? Metamask wouldn't be a wise choice since it's somehow linked to a browser which can contain personal data. I guess that a Hardware wallet would work, but there must be a cheaper option equally…
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Decentralized networks hold untold promise for tapping developer and entrepreneurial talent wherever it exists in the world, particularly in areas where it is difficult to raise funding. By breaking down barriers for bootstrapping new ventures and giving projects access to essential resources, the tokenization of dapps and services on-chain can incentivize new decentralized governance models that redistribute power, control, and rewards to the collective. Building on the idea of decentralized autonomous organizations (DAOs) and decentralized crowdfunding, a new wave of open, consumer-facing dapps that are controlled by their own native governance systems and token-holding communities can democratize access to the tech economy via blockchain technology. The limitations of DAOs DAOs largely rely on a simple structure where every member can propose an idea and vote upon it democratically. People use them for charity, investment, governance, and fundraising. MakerDAO, for example, is governed by MKR stakeholders. Apart from its on-chain governance, there is also an off-chain discussion for general feedback. It is used before on-chain voting to evaluate the overall sentiment about issues affecting the MakerDAO ecosystem and determine a consensus regarding their resolution. A DAO is open source and transparent, with no board of directors or managers. The community, or each member of the DAO, reviews, records, and maintains all the tasks, proposals, and updates using a blockchain. But while DAOs may be architecturally decentralized (independent parties run different nodes) and geographically distributed, they might also be logically centralized (by the protocol rules). What’s more, DAOs and conventional token-based governance systems typically control services on blockchains that are basically ledgers. They cannot extend to dapps that are built to run entirely on-chain and serve web content to users. Tokenized governance for consumer-facing dapps Advances in decentralized governance can give any developer in the world a means of bootstrapping and launching an open, web-based dapp that puts the control in the hands of community stakeholders. At the same time, anyone who is excited about supporting a given project is free to participate; doing so is permissionless. This principle is central to the Internet Computer, launched by the DFINITY Foundation — a public blockchain that promises a safe and unlimited environment for smart contracts to run on-chain dapps over the web. The Internet Computer enables developers to build virtually anything online while reducing computing and transaction costs. A key feature is the open governance system that controls the Internet Computer — the Network Nervous System (NNS). By staking the blockchain’s native utility token, ICP, into “neurons,” anyone can participate in governance by voting and proposing changes. The NNS’s accessible model of tokenized governance will soon extend to dapps on the Internet Computer: the ICP community is actively discussing the development of a dapp-based open governance system — the Service Nervous System (SNS). It will allow developers to easily tokenize their dapps and give the community control over how it operates. Proceeds would be held directly by the SNS, with no centralized recipient capable of stealing them. The messaging dapp OpenChat, the social aggregator DSCVR, and the professional social network Distrikt are examples of projects that will adopt community control. Anyone could choose to decentralize the governance of their dapp by tokenizing it, giving developers who build entirely on-chain a means of building engaged user communities while providing liquidity and resources to the dapp. Key advantages Open tokenized governance presents many opportunities to developers, users, and investors. Establishing an open tokenized dapp can assist developers and entrepreneurs with user communication, regular feature updates, and necessary funding. For early adopters, it can be considered a long-term investment and source of regular rewards, and for the community in general, it creates a level playing field where anyone can freely participate in the decision-making process. Decentralized governance is the future of blockchain-based organizations. It can make them more secure and give their members a voice. Open tokenized dapps will evolve under the direction of their community, with decisions open for review by anyone, incentivizing the stakeholders involved to help them succeed. Image: Pixabay
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Launched in 2019, MoonPay says it has processed more than $2 billion in transactions and hit 7 million users so far.
Reposting: the other post got removed because it had the word "moon". Thanks! Hi Folks, Has anyone been able to successfully find a way to live on passive income through crypto? I'm dreaming one day, to be able to financially comfortable to live off from crypto interests… So, I don't want to dream anymore and…
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