Category: Cryptocurrency News

Ethereum is gaining pace above the $4,000 zone against the US Dollar. ETH price is showing positive signs, but it must clear $4,100 for a strong upward move. Ethereum started a fresh increase and surpassed the $4,000 resistance zone. The price is trading above $4,020 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $4,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $4,100 to accelerate higher in the near term. Ethereum Price Extends Recovery Ethereum started a steady increase above the $3,950 and $3,980 resistance levels. ETH even climbed above the $4,020 level and the 100 hourly simple moving average. Besides, there was a break above a key bearish trend line with resistance near $4,020 on the hourly chart of ETH/USD. The pair traded as high as $4,075 and is currently consolidating gains above the 23.6% Fib retracement level of the recent increase from the $3,750 swing low to $4,075 high. It is still trading above $4,020 and the 100 hourly simple moving average. There is also a connecting bullish trend line forming with support near $4,020 on the same chart. An immediate resistance on the upside is near the $4,080 level. The next major resistance is near the $4,100 level. Source: ETHUSD on TradingView.com A clear upside break above the $4,100 level could push the price further higher in the near term. The next stop for the bulls could be $4,200, above which the price could rise to $4,250. Any more gains could send the price towards the $4,350 level. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,080 level, it could start a fresh downside correction. An initial support on the downside is near the $4,020 level. The first key support is now forming near the $3,950 level and the 100 hourly simple moving average. The next major support is near $3,920. It is close to the 50% Fib retracement level of the recent increase from the $3,750 swing low to $4,075 high. If there is a clear break below the $3,920 support, the price could extend losses. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $3,920 Major Resistance Level – $4,100

My fellow crypto brothers, At the moment there is huge hype that we are going to pump hard from here. Analysis ideas are everywhere and they are all bullish : ​ Technical analysis showing pumping signs We are witnessing everything pointing out to huge upcoming pump and I'm here to remind you of something that…
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When it comes to the growth of crypto adoption, Africa and Asia lead the world: Of the top 10 countries ranked by crypto adoption in 2021, six are in either Africa or Asia. A total of $105.6 billion worth of crypto assets were traded in Africa between July 2020 and June 2021, a growth rate of 1,200% year-on-year. P2P trading dominates transaction volumes: An astonishing 32% of Nigerians and 21% of Vietnamese owned cryptocurrency in 2020 – the first and second highest rates in the world, and significantly higher than the USA’s 6%. The main drivers of this boom are the clear and unmet needs of these markets, including: Lack of financial infrastructure – Africa and Asia are the most unbanked continents. Almost 70% of adults in countries like Vietnam and Morocco do not have a bank account: At the same time, the mobile penetration rate in Africa is 44% and in the Asia-Pacific region, it is 42%. The decentralized nature of crypto makes financial infrastructure redundant, while people use their mobiles to make direct payments and trade with other crypto wallet owners. Unstable currencies – Many Asian and African countries have seen significant currency depreciation in the last 5 years. On the other hand, during the same period, Bitcoin and Ether rose over 500% and 2,900% respectively. Many people have turned to crypto-assets to beat inflation, boost their incomes, and maintain the purchasing power of their assets. Expensive Remittances – Remittances from abroad are an important part of the economies of many Asian and African countries – constituting 10% of GDP in the Philippines and 8% in Egypt. Sub-Saharan Africa has the highest remittance costs in the world, at over 8%. This has led many to bypass the high fees and transfer remittances directly P2P via crypto wallets. This phenomenal growth has been accompanied by an equally powerful trend – the boom in mobile penetration and mobile app usage rates: Asia now accounts for 64% of global mobile app downloads. The number of African mobile subscribers will grow from 477 million in 2019 to 678 million in 2025 – a more than 40% increase, equivalent to an additional 201 million From H1 2020 to H1 2021, the number of mobile app installs in Africa increased by 41%. At the top of the mobile app pyramid are messaging apps: WhatsApp is Africa’s most popular app, with a penetration rate of 97% in Kenya and 95% in Nigeria. WeChat is Asia’s most popular app, with over 23 billion monthly active users. With crypto adoption and mobile use booming, an innovative startup is betting on the convergence of these two megatrends by harnessing the power of Blockchain to offer an unprecedentedly secure and user-friendly messaging app:  Secretum. Secretum: Riding The Convergence of the Mobile & Crypto Megatrends Secretum is a fully decentralized, encrypted, and secure messaging DApp (Decentralised App), built on the Solana Blockchain. It allows users to both exchange messages and trade crypto assets as easily as sending an SMS. The advantages are significant: All messages are fully encrypted and stored on verified nodes in the Secretum network – meaning hackers can’t access them like in cloud-based messaging services like WhatsApp. The most secure and anonymous sign-up process, which only needs the user’s crypto wallet address – no more risks of private data leaks or government interference, an especially relevant danger in many African and Asian countries. Staking and rewards with the native SER token for users who message and provide nodes to expand the Secretum network. An easy, intuitive, and purely P2P trading interface to send and receive cryptocurrencies and Non-Fungible Tokens (NFTs). Record low fees and almost instant trades, thanks to Solana’s capacity for 50,000 transactions per second and an average cost per transaction of only $0.00025. The combination of a superior messaging app in terms of safety with highly versatile crypto trading capabilities is the key to Secretum’s strategic vision: to become the go-to messaging and crypto app for Asia and Africa. Secretum: The Ideal Trading & Messaging Solution For Asia and Africa As Secretum’s Blockchain-messaging capabilities revolutionize communications, its over the counter (OTC) P2P trading capabilities bring unique benefits to crypto-asset owners in Africa and Asia: High Liquidity – Traders are able to contact each other directly and find hidden liquidity in crypto markets, improving execution times and reducing slippage. NFT Trading – Secretum lets NFT owners and traders contact each other via their wallet address alone – securely, directly, and at the lowest fees on the market. This would open a completely new asset class for African and Asian crypto owners to diversify their assets and protect their wealth. High User Friendliness – Asians and Africans are the world’s most assiduous users of mobile money. There are an estimated 243 million mobile money accounts in Asia and an estimated $490 billion was exchanged by African mobile money providers in 2020. Furthermore,  P2P is already the dominant form of crypto trading. The market is therefore accustomed to using P2P mobile solutions to exchange money, trade, and communicate. Secretum taps into this well-established market – only with a technologically superior solution. As mobile and crypto penetration continues to grow in Africa and Asia, Secretum will provide a never seen before crypto trading and messaging solution – serving two markets that are day after day quickly merging into a single one. By leveraging this solution, Secretum is positioning itself as the app of choice for 3 billion people in the world’s youngest and most dynamic markets.  

It has come to my attention that some people think SHIB coins cannot reach a USD valuation of $1.00, but let me assure you that this is simply not true! A recent post explained that, for SHIB to reach $1.00, it would require a market cap of 558 trillion USD, about 500x the market cap…
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From Optimism Gateway, after hitting withdrawing button and roughly a week later my funds in L2 to is ready to claim. However due to high gas fee in relation to small amount that I would want to claim, I decided not to claim. which sucks.. So, what happens if it is unclaimed? With some time…
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The National Women’s Soccer League (NWSL) has signed a multi-year deal with crypto platform Voyager Digital to become the latest league to step into the space. What This Deal Means For All Those Involved One of the fastest growing crypto platforms, Voyager, has now entered the soccer world for the first time at this level, and this is big news for those who are keeping an eye on the Voyager platform and token. CEO Steve Ehrlich had an interview with CNBC this past week, and he spoke on his excitement to enter a new world and connect people in crypto through sport. Related Reading Next Bitcoin ‘Buy The News’ Event Upcoming? “We see this as an opportunity to really engage with the NWSL player, fan and that community in a way that nobody has before,” Voyager CEO Steve Ehrlich said. “What’s really intriguing to me is engaging with women’s sports, and that’s a very important aspect for us because it’s a market that we believe is ripe for education and an opportunity to give these women a stronger foothold on their financial future through crypto.” Ehrlich added, “we are extremely proud to partner with the NWSL, specifically to help the league grow and provide its players with crypto education and direct financial support, paid in crypto,” . “We believe strongly in the future of these players and this league, and we can’t wait to get started.NWSL interim CEO Marla Messing said in a statement.”Voyager’s investment in the league is especially innovative because we’ve collectively designed the partnership to include direct financial resources for every one of our players, as well as education on the revolutionary changes underway in digital assets,” Voyager’s token, VGX, has not responded dramatically to the news around the NWSL partnership, but looks to be finding a new support level. | VGX-USD on TradingView.com Scoring A Goal Through Soccer Many other sports franchises and teams have partnered up with specific wallets, exchanges, and blockchain-focused companies lately. What makes this special is the fact women’s soccer will be a focal point for Voyager’s push in sports, especially given the NWSL’s recent growth. In a heavily male-dominated crypto landscape, the partnership will help further the development of having more women involved in crypto. Women’s sports gets put in shade, but women’s soccer happens to be something that is too big to not see lately. Steve Ehrlich concluded his conversation with CNBC with more statements talking about the importance of this deal. A “significant portion” of the investment that Voyager is making in the NWSL as part of the deal will create a fund that will be split across each player and put into their own individual Voyager crypto account, Ehrlich said, declining to provide specific financial details. Players will also receive financial education on crypto from Voyager. Related Reading | GreedSwap: Super Producers Cool And Dre Help Launch New Coin & Crypto Label  

Over the last few weeks, furious debates over Covid-19 and vaccine mandates have divided people into two classes. On December 21, one individual from Argentina explained in a forum that “banks in Argentina are not letting unvaccinated people inside.” The person said that whether people are for or against vaccines, the mandate was “nuts” and […]

Escrow is a widely used legal concept where a third party holds assets or funding on the behalf of the two other parties according to a predetermined set of conditions. Escrow helps ensure that both parties deliver before the transaction is completed. The concept of escrow is popular in the traditional financial ecosystem, especially in the real estate industry. However, Escrow Protocol aims to introduce the time-tested concept of escrow to the blockchain industry and optimize the crowdfunding process. Crowdfunding is an important part of project development as it connects the project with investors. However, the precedent standard of crowdfunding mechanisms such as ICO relies largely on trust which is often broken in the form of rug pulls. In an ICO or other crowdfunding mechanisms, the start-up raises hundreds of millions of dollars from venture capitalists and investors. However, in the early development stage, they do not require 100% of the funds. This is where Escrow Protocol comes in as the escrow services to hold the funds and release them according to the milestone achieved by the projects. Escrow Protocol aims to secure blockchain and create a fair environment for investors by giving them control over their investments. What is Escrow Protocol? The Escrow Protocol is a decentralized Web3 accelerator and crowdfunding platform designed to give investors extended control over their invested funds. The project combines the best of blockchain and DeFi to develop an all-inclusive investment hub, a user-friendly platform that investors can use to support their favorite start-up projects with oversight, security, and peace of mind. Escrow Protocol leverages financial security to manage DeFi funds, leveraging smart contracts and to-be respected agreements. The project holds investment funds and allocates them to yield farming protocols to maximize value appreciation and help projects gain interest while waiting for the pay-outs. The features of Escrow Protocol includes: Escrow Protocol will be 100% DAO and community governed to ensure fairness and transparency. While the funds are held in Escrow, the projects allocate them to Yield-Farming Protocols and pay 80% to investors. Escrow Protocol has developed NFT ID-Badges that give access to the platform and host projects. The project is powered by a high-end, easy-to-use interface, allowing current non-crypto users to get involved. It offers community decision-making with investment relative voting power. A reputation-based scoring system allows the utilization of expert opinions within the community. White-Label Escrow service integration for existing real-world operations. Escrow Protocol is making the blockchain technology and crowdfunding process simpler and safer for all investors. To learn more about Escrow Protocol, visit https://www.escrowprotocol.app/.      

Over the last twenty years, there have been regular changes and developments in different aspects of the showbiz and entertainment industry. People have moved from buying CDs to downloading mp3 files of songs to watching music videos on YouTube. These changes have brought with them some negatives like the massive decrease in revenue for the artists as many of these digital versions of music are pirated and mostly copied into as many different versions as possible. This has gone on for years now but solutions are popping up for this. One of those solutions is adopting blockchain technology and Non-Fungible Tokens (NFTs). Non-Fungible-Tokens were first to win 2017 with the famous CryptoKitties. NFTs are digital tokens that represent unique assets and give data real value. These assets are non-copyable and they tend to be rare. The CryptoKitties NFTs grew so popular that they completely clustered the Ethereum blockchain at their peak. That popularity has grown even more in 2021 and now the industry processes billions of dollars in transactions every month. Percentages of these transactions flow back to the creators of the NFTs being sold and this serves as a stream of income for these artists. The Covid-19 pandemic has led creatively to look for better ways to get their arts across to their audiences and generate revenue for themselves. Lockdown and quarantines have restricted musical acts from showcasing themselves and their latest songs/albums live and this has led to major financial issues. Para is a platform that is aiming to solve this problem and disrupt the entertainment industry in a multi-dimensional way. Para Para is a platform that aims to use blockchain technology in providing a new and lucrative source of income for influencers and entertainers. Para already has an advantage and this is in the German music industry. Members of the founding team have engagements in the industry which has an estimated audience of about 50,000,000 people. This engagement in the industry has made it possible for Para to already secure deals with some of the biggest German artists and athletes. Para plans to start its NFT platform for entertainers, Influencers and stars. The first NFT drop of Para will reach more than 15 million people and this will be the hugest NFT Sale the European market has ever seen. Token Para is the official native token of the Para platform. It will go live on the Polygon network and because of the low gas fee on the network, everyone can participate in the NFT sales. This is preferable to the alternative which would have been Ethereum but the issue of high gas fees plaguing the network might discourage Para’s target audience; newbies to cryptocurrency. Tokenomics & Token Allocation   Total Token in circulation — 1,000,000,000 Liquidity for Exchanges (50%) — 50% of the entire tokens in circulation will be used to provide liquidity for exchanges like QuickSwap and SushiSwap. To enjoy that there is enough liquidity for new users to get in, this percentage will be paired together with $250,000 in WETH. Also, 50% of the initial LP tokens will be burned to ensure a balance between flexibility and security. Marketing (30%) — 30% of the total tokens in circulation will be used for marketing. These tokens will be used in influencer marketing as they would be given out to superstars and influencers, who will talk about the Para Ecosystem and the Para Token. Development Team (10%) — 10% of the entire token in circulation will go to the development team and this will fund the future development of the Para ecosystem. These tokens will be vested linearly for one year. Reserve (10%) — 10% of all the tokens in circulation will be locked in a smart contract for later use. This fund will take care of needs like liquidity mining rewards or other specifics which might come up at some point down the road. The Roadmap Para plans to launch its NFT platform and the Para Token in December 2021. Q1 2022 From the first quarter of 2022, the Para Token will be used to access special giveaways that are connected to the NFT platform and users will only interact with the marketplace using the Para Token. This strategy will help with the slow integration of the Para Token into the platform. Late Q1 — Early Q2 2022 The Para platform will evolve from an NFT sales platform to a real marketplace. As a result of this move, the profit margin of the ecosystem will increase by 5% because there won’t be any fee being paid to OpenSea anymore. Also, during this period, Para Token will start being used to pay for NFTs. Users will be able to stake their tokens and the 5% increase in profit margin will be shared amongst the stakers. This acts as an added use case and encourages more people to buy and hold Para tokens. Q2 2022 The team behind Para will work extensively to onboard Para tokens in different businesses related to the music and entertainment industry as a method of payment. This again adds to the usability of the token and reiterates the use case of being a payment token. Late Q2 — Early Q3 2022 Artists can now release NFTs on the Para platform. NFT categories will also be expanded. There will be a fundraising feature for upcoming artists looking to afford studio sessions. Music stars can sell their unreleased songs and videos as NFTs on Para and Influencers can also sell access to exclusive content to their community via NFTs. Late Q3 — Early Q4 2022 The journey into the Metaverse begins. With Facebook’s announcement about changing to a company focused on the Metaverse, the world is ready for real immersive Metaverse experiences and Para will be well placed to satisfy this need with its already big network of Stars and Influencers. Para Token will be used to purchase digital tickets to Metaverse events which will happen more frequently than ever.