Hi, I have been mining for about 3 months and have accumulated around 2700 RVN with just my 3070. I wish to purchase more RVN but because I live in Canada some exchanges like Binance is not an option for me. I have never really purchased any type of crypto and want the cheapest way…
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The Bank of England estimates that 20% of retail and consumer deposits could potentially move toward CBDCs.
Rainer is a 40-year-old contemporary artist from Estonia, battling cystic fibrosis. At most, he's got 5 active years of life left. He's been painting for only a couple of years but his works are awe-inspiring, each one takes over 200 hours to complete. We've recently digitized and minted 10 of his oil paintings on Solsea…
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It's super annoying that Facebook did this because they are basically trying to make their company synonymous with technological revolution that they had no part in. The Metaverse is the next level of interaction with information. It used to be word of mouth was how you learned, then we had written language, then radio /…
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Data shows around 15% of the total Bitcoin supply is now in loss, a value that has historically been sufficient to push the price down. Percentage Of Bitcoin Supply In Profit has Fallen Down To Just 85% As per the latest weekly report from Glassnode, the total BTC supply in profit has fallen down to just 85% this week, meaning that 15% of the supply is now in loss. The “percent supply in profit” is a Bitcoin indicator that highlights the share of the total supply that’s currently in profit. The metric works by looking at what price each coin in the chain was last moved at. If this price was less than the current price, then the coin is said to be in profit. While if this price was higher, then the coin is considered to be in loss. If the indicator attains very high values (more than 95%), then a Bitcoin market top may follow soon. But if the metric’s values are low enough (less than 5%), then a bottom could be formed instead. Related Reading | IMF Report On El Salvador Is Positive… Except For Everything Bitcoin-Related Now, here is a chart that shows the trend in the value of the percent BTC supply in profit over the past year: Looks like only 85% of the BTC supply is now in profit | Source: The Glassnode Week Onchain (Week 47) As the above graph shows, the percent supply in profit has severely fallen off in the past week as Bitcoin’s price declines. Now, around 15% of the total supply is in loss. The report mentions that the 85%-90% zone may be considered as a “bull and bear transition zone.” There are two instances of the indicator entering this zone previously in the chart. Related Reading | Inverse Signals: Why Bitcoin Weakness Is Attributed To Dollar Strength The first was when the May Bitcoin crash happened, and the second coincided with the El Salvador Day crash. The report notes that a value of 85% is enough to push the price of the crypto down if no higher value is clamed in a reasonable timeframe, similar to what happened during those instances. BTC Price At the time of writing, Bitcoin’s price floats around $56.8k, down 6% in the last seven days. Over the past month, the coin has lost 5% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price slides down in the last few days | Source: BTCUSD on TradingView Over the last week, Bitcoin has mostly consolidated below the $60k price mark. Currently, it’s unclear when the coin may recover, but if the percentage of supply in profit is anything to consider, BTC may decline even further. Featured image from Unsplash.com, charts from CryptoQuant.com, TradingView.com
Debates over-centralization vs. decentralization have always been a touchy topic. Many argue decentralization should be a vital part of the cryptocurrency world as it ensures platforms are not controlled by overbearing authorities or outside third parties. Resistance to censorship and centralized authorities is important as it means blockchain-based platforms can reach markets and empower users in areas with unfriendly governments. In an increasingly hyper-connected world where commerce and the exchange of ideas flows beyond borders, decentralization becomes even more vital to promote innovation and efficiency, especially with an Internet described as the “biggest decentralized communication system humanity has ever seen.” Decentralization fosters transparency and security – elements that only become more important as the crypto market sees larger amounts of money moving around. Accusations of insider trading within the OpenSea NFT marketplace have led some to argue for greater decentralization within the NFT world. “Whether or not there is truth to the accusations of insider trading—OpenSea needs to use this as a catalyst to build a more decentralized platform,” Compound Finance co-founder Robert Leshner noted in September. DAOs Are Becoming An Integral Part Of Crypto Projects Interested In Democratic Governance Decentralization is of particular benefit to projects when it comes to community involvement and engagement. Decentralized projects are turning to DAOs to empower users to participate in the governance process through a democratic voting system where participants create proposals and cast votes on different initiatives. Decentralized governance has even proved popular in the traditional financial world. The private venture capital firm Andreessen Horowitz announced in August it was “Open Sourcing Our Token Delegating Program” to share resources like legal agreements and other criteria to foster decentralization. A number of blockchain projects are finding success with the DAO model to promote community involvement. The Maker platform relies on a DAO framework to guide protocol development, where MKR holders can vote on a range of issues from changing protocol fees to even forcing an emergency shutdown of the platform. Another is PhoenixDAO, a digital identity-based suite of protocols touching on authentication, payments, and decentralized governance. 1,000 staked PHNX is required to cast votes while proposal creators need to stake 10,000 of the native PhoenixDAO token. Members can vote and propose on a wide range of issues from platform governance, to leadership, marketing, ecosystem participation, and the rewards structure. Uniquely, Phoenix’s DAO is entirely self-sustaining through revenue-generating products and does not rely on donations, unlike other DAOs. In a further nod to transparency, all spending voted on by members is posted on a running budget page. DAOs Help Solve Many Problems Plaguing Centralized Structures Phoenix’s open participation and governance framework allow for anyone across the globe to get involved. The democratized voting process ensures the will of the majority (and not just a few developers or leaders) dictate the platform’s direction. Disputes within centralized structures are often messy to alleviate due to their bureaucratic nature. Platforms like PhoenixDAO make dispute resolution easy since any disagreements can be put to a vote for a final resolution. As evidenced by platforms like PhoenixDAO, the unique advantages of DAOs when it comes to governance, transparency, and engagement make the model an influential one in 2022 and beyond. Many are starting to believe DAOs could become an integral part of the future of work and general human organization. DAOs also look set to continue to make waves inside the traditional business world. Joseph Raczynski predicted at the 2021 Thompson Reuter’s Emerging Legal Technology Forum a DAO would own a major sports franchise within the next four years, later writing how “Imagine the ability for you and others to vote on which players the New York Giants pro football team acquires… yet, by owning tokens of the NYGiantsDAO or whatever it may come to be named…” Decentralized governance only continues to grow in popularity as protocols look to harness the collective knowledge and enthusiasm of members to drive growth and interaction, firmly placing DAOs as an important component of the already vibrant cryptocurrency ecosystem.
Kaiko, a cryptocurrency market data provider, today announced the launch of its decentralized exchange (DEX) data feed. Historical and live tick-level trade and aggregated data are now available for Uniswap V2, Uniswap V3, Sushiswap, Curve Finance, and Balancer V1. Data for DEX aggregator 1inch is also available. Decentralized exchanges play a major role in the…
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The long-awaited policy statement on Crypto policy was just released by the three agencies that would be collectively engaged in supervision. The stated purpose of their working on the collaborative effort is to bring clarity to promote safety, soundness, consumer protection, and compliance with current finance statutes and rules. Staff from the Federal Reserve, FDIC,…
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Gamification within the crypto industry has disrupted traditional gaming and helped attract countless new faces to the world of digital assets. The popularity of NFT and blockchain-based games has opened up unique opportunities for gamers like the play-to-earn model and the interoperability of assets. Most notably, the inclusion of in-game NFTs also allows gamers to potentially generate passive income. Gamers interested in an exciting online multiplayer game packed with opportunities to win millions have a unique occasion to participate in the Mooning Monkeys ecosystem. In this revamped version of the famous Crash game, Mooning Monkey players can co-own and earn revenue from the game. Each community member can potentially be one of the first people to own a Sci-Fi Comic Book in NFT format as well as unique Mooning Monkeys NFTs. Plenty Of Opportunities To Win Big With The Mooning Monkey Crash Game Crash games remain popular due to the excitement and thrill they provide to many gamers, especially since the concept is easy to initially understand but often difficult to master. Users bet before the game begins and when the countdown ends, a graph displays the money multiplier that starts to increase as gameplay initiates. The excitement comes since the multiplier could crash at any time, with those who pressed ‘cash out’ beforehand winning their multiplied bet. The game’s structure means players can reap immense returns on their investment in just a few clicks. Gamers can also turn to the platform’s profit calculator, also featuring a reward distribution model, to learn about the revenue they can collect as a NFT holder. Gamers can do much more than just earn from the crash game. By participating in Mooning Monkeys minting, players can hold the valuable Mooning Monkey NFTs and help them evolve from 12,000 ordinary monkeys to the 4th and last evolution, with a population of 500 eternal and valuable Yetis. Each of the three subsequent evolutions increase exponentially the revenue share captured by the NFT A NFT evolution page explains the process and requirements to upgrade as well as the lucrative rewards handed out to Mooning Monkey NFT holders, including a significant redistributed share of 50% of all in-game profits. All Mooning Monkey NFTs have real-world utility, are totally unique and have been designed around 239 distinctive traits. Each NFT holder knows that he is a shareholder of the game, creating an objective value to the NFT on top of the intangible artwork value of the collectible. Exclusive Benefits For Gamers And NFT Holders The story of the Mooning Monkey’s space odyssey will also be released into four small comic books of 14 pages. The first 10 gamers/participants to own 14 pages of any chapter will receive a special surprise. Full comic book owners will also unlock a unique range of special privileges. Gamers can visit the comic book page to learn more about each exclusive book and purchase a page or full book. Finally, Mooning Monkey NFT’s holders also stand to earn daily rewards of the native $TAK (TAKION) token without having to do any extra work. Gamers can reap the benefits of earning from the unique crash game and earn more rewards by holding NFTs. Token holders will also be able to generate an APY and stake. Gamers and NFT enthusiasts can jump into the NFT craze with Mooning Monkeys and earn lucrative passive income through the platform’s crash game. The NFT game celebrates the gaming industry while encouraging participants to build relationships and connections with like minded individuals, all while possibly making money across the way. Those interested in learning more about the project can visit the Mooning Monkeys website. NFT minting starts as soon as November 30th for gamers excited to own one of the most stylish, rare, and utility-packed NFTs. The price will start at 600 in SOL value per Mooning Monkey. The final amount in SOL will be updated 12 hours before the final sale event, corresponding to $600 USD per Mooning Monkey. On the day of the minting event, a maximum of 12 Mooning Monkeys, or the SOL equivalent, can be purchased per wallet. Mooning Monkeys NFTs will only be available on the official Mooning Monkey website. Those who become a part of the Mooning Monkeys ecosystem will notice the unique and generous tokenomics and revenue sharing of the NFTs, witnessing for once a project that really rewards its community before anyone else. Visit the Mooning Monkeys website to learn more about how players can profit from the crash game and earn passive rewards.
Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in recent times. NFT sales saw a quick spike when a number of crypto assets neared all-time price highs in mid-November, but sales quickly plummeted back down following the crypto market downturn. A Number of NFT Sales […]
