Category: Cryptocurrency News

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The last few years have experienced the rapid evolution of the internet and its application ranging from Web 1.0 to Web 2.0 and now Web 3.0. Web3 – the decentralized web – is the latest major iteration of the internet which promises to achieve a stable and secure decentralized network while offering a variety of innovative features. Since the inception of the world wide web in 1989, it has changed dramatically through the years. While Web 1.0 was read-only; Web 2.0 saw a significant shift towards user participation via centralized platforms such as Google, Facebook, Amazon, etc. In this era, personal data is controlled by middlemen: those running the digital platforms. As such, people do not have control over their data as well as the content they create. Web 3.0 is generally regarded as the future of the internet. Unlike the Web2 era, ownership and control is decentralized. Conceived by the Ethereum ecosystem, Web3 enables enhanced privacy, boosted transparency, eliminates intermediaries, facilitates data ownership and digital identity solutions. Similar to how Web2 improved front-end functionality, Web3 is focused on revolutionizing back-end functionality. Today, Web3 architecture has gone far beyond the internet capabilities which run on a decentralized layer. It has become the convergence of several innovative technologies like edge computing, artificial intelligence, IoT, decentralized data networks. With Web3, the trend of data and computing moving to the edge is inevitable. Powerful computing resources are put together to create the next generation of decentralized, user-owned, hyper-efficient edge networks. Decentralized data networks can enable different data generators to transact their data without losing ownership control and privacy or the need for an intermediary. Meanwhile, Web3 technology also combines artificial intelligence and machine learning to create a substrate that connects users and machines as well as connect problem owners with problem solvers without the need for a third party. This synergy facilitates a better understanding of human preference and more accurate analysis and results. As such, Web 3.0 goes from technology to disrupting the structure of society. As you can see from above, Web 3.0 has the potential to bring radical innovation to all industries. However, the adoption of Web 3.0 has so far been driven by crypto-related use cases. This is because the majority of Web3 protocols rely heavily on initial use cases of cryptocurrencies. This has led to the majority of projects focusing on crypto and not on the mainstream adoption of Web3 technology beyond cryptocurrency. The thing is, decentralized technologies can be used to eliminate value-capturing middlemen. And this could be a boon for different, new economies that have appeared in the 21st century. One such economy that could be shaped by Web3 tech is the gig economy, with the new technologies promising to eliminate the centralized platforms like Uber and Upwork to give gig workers the chance to earn without lining the pockets of big corporations. A great example of this is AnyTask, which aims to enable people living in poverty to access the global digital economy commission-free and bankless. Another such use case for Web3 technology is integrating it into the creator economy and intellectual capital-centric applications. A 2020 survey showed that the growth of intangible assets, which are the basis of the creator economy, has been so much that they now command over 90% of the S&P500’s market value. As the stat above shows, the world is evolving to an intellectual capital-centric creative economy and a world where most resources other than intellectual and human capital are commodities doesn’t seem too far away. So, the creative economy encapsulates intangible assets that have become the most valued assets in the world, especially the innovative enterprise, but their total value outside of enterprise is far beyond what we can imagine. Aside from holding high intrinsic value, intellectual assets also provide an opportunity for investors to speculate as their price increases. Therefore, the ability to capture value from these assets becomes vital. To foster mainstream adoption of Web 3.0 for the creator economy, there are projects building a whole host of tools to enable the discovery, evaluation, licensing, and exchange of intangible assets to boost liquidity flowing into the creative economy. One project building such architecture is DEIP. The company provides a set of Web3 protocols, in addition to tools and applications for the creative economy. Now you may be thinking: Don’t these projects just act as the middleman capturing the value in any case? Well, you’d be wrong. These projects aren’t governed by a board of directors but by decentralized autonomous organizations (DAO). DAOs enable democratic governance models that anyone can be part of and can direct any fees levied on creator or gig economy workers to the further development of the platforms themselves and are not geared towards the profit-centric model of capitalism and Web 2.0. The internet has become a center of business, communication, and much more. And Web 3.0 has the potential to transform agreements and value exchange. This means that the transition to a more democratic internet via Web 3.0 may allow the world to unlock opportunities not only just to reclaim the Internet by revolutionizing infrastructures around storage, data exchange, financial transactions, but also many aspects of our lives. Web 3.0 is shaping up to be not just an evolution of the internet but a disruption to overhaul many aspects of society.

I feel sorry for anyone who bought the coin after I bought it. Trust me, the project you chose is great, but it will jump when I sell it, and I will probably sell it in minus. Buy high sell low. I look at the sea of ​​green last night, only “my” coins were in…
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The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.

EliteDogeClub is announcing the largest non-fungible token (NFT) drop with 100,000 animated Doge NFTs. A collection for the people. These professionally animated NFTs will only be 0.01 Ethereum (ETH), one of the best deals in the NFT space. EliteDogeClub aims to make NFTs more inclusive by welcoming buyers of all budgets. Their primary goal is clear: become the gateway for new NFT buyers. The EliteDogeClub NFT will be launching on October 17, 2021, at 9 pm Eastern time. This launch is 10 to 20 times the size of most NFT launches, nine times cheaper than most launches, and provides animated images, while most launches these days are static images. Here is some additional information about the NFTs, their future plans, and their team. More on the EliteDogeClub NFTs Each NFT will depict various Doges with wild and outlandish features that are genuinely inspired. These NFTs will bring the Doge to life in unique ways with their varied designs that incorporate dark and light-hearted dark humour. The first 100,000 generative NFT batch was designed by Julien Deragon, an animator who has worked on hit TV shows such as Game of Thrones and Stranger Things. Those interested in minting some of these Doge NFTs will be able to ask Julien questions live on an AMA – details to be announced and posted on our site: elitedogeclub.com For those minting these NFTs, keep an eye out for rare traits that take inspiration from the Doge’s close relatives. The ElitleDogeClub team is focusing on making their NFTs some of the most inclusive and accessible art in the NFT space. Following this 100,000 drop, they plan to create even more inspired Doge-related NFTs by hiring more artists of Julien’s calibre in the future. Some of the other NFTs in the pipelines include Baby Doges, metaverse accessories, mini Doge art collections, canvas art, and more. Future Plans Following the release of the 100,000 ElitleDogeClub that you can mint on October 17th, the company plans to have a treasury for community impact events. Firstly, Elite Doge Club plans on launching the first annual NFT influencer and artist awards that recognize and celebrate exceptional people within the NFT space who’ve made a significant impact. Those who have been selected will be presented with a customized award NFT. Also, depending on the adoption rates, Elite Doge Club will launch and host a World NFT conference by 2023. This conference will bring together enthusiasts, artists, and investors to network and trade knowledge. While EliteDogeClub isn’t currently officially affiliated with Elon Musk, they hope to become the largest Doge community in the world and one day help Musk with his ambitions with the Dogecoin. Finally, their wildest ambition is a Doge Music festival. Their plans for fully inclusive Doge-themed global events and concerts will bridge the physical and digital gap in the NTF space. Why Now Is a Great Time for the Drop With the broader cryptocurrency market swinging violently up and down over the past several weeks, the value of NFTs continues to rise. The value of NFTs is largely derived from the communities that support them, and the Doge community is a strong one. As the industry evolves as a whole, the NFT sector of crypto will continue to receive the support of institutional investors, and the communities behind projects will only get bigger and bigger. NFTs will also provide greater utility than they ever have before. That’s why now is the perfect time to launch EliteDogeClub. EliteDogeClud is looking to build the largest Doge community globally that is both engaging and fun, which will positively impact the NFT space. The EliteDogeClub Team An NFT launch as exciting and enormous as EliteDogeClub wouldn’t be possible without a team behind it. Let’s look at the supporting cast behind the project and find out more about why there is so much buzz around what’s about to happen. Max – Founder Max, the founder of EliteDogeClub, is a visionary, architect, marketing mastermind and a “digital mad scientist of sorts.” Dog lover and pug owner. Max had the idea to create an NFT for the people, creating a pricing model that attracts non-crypto users into the crypto and NFT space. After noticing that most NFTs are static images, he teamed up with Julien Deragon, a world-class animator, so each piece of art is of unmatched value and quality compared to today’s NFT market. Mark – Team Building, Community Relations, Blitzscaling Mark is the balancing partner for the soon-to-begin phase two, a highly experienced entrepreneur, community builder, plan executor, and the blitzscaler of EliteDogeClub. Mark has scaled multiple small teams from under five people to over 100 in 2-5 years rather than decades. After EliteDogeClub’s, Mark’s expertise will be the driving force that builds the brand. Julien – Artist Julien has worked on massive shows such as Game of Thrones and Stranger Things and is the artist behind the first launch. Alex  – Operations Alex, who handles the operations side of EliteDogeClub, ensures the project is launched smoothly and on time. Alex is the man on the floor who runs the show and works with the growing staff behind the scenes keeping everyone and everything together. The Largest NFT Drop Ever The EliteDogeClub project is fascinating for the entire NFT space. This will be the largest NFT drop, with 100,000 animated Doge NFTs, 10 to 20 times bigger than most NFT launches. The launch will also be incredibly accessible as the minted coins will only be 0.01 ETH, making it nine times cheaper than most launches. EliteDogeClub is looking to bring NFTs to the masses with these fantastic animated Doge NFTs that are significantly less expensive than other NFTs at launch. With their aim to make NFTs more inclusive, they could be the gateway into the NFT and crypto space for many Doge fans. It’s time to get ready for the largest NFT drop ever!

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It’s great that the founder decided to give us one more chapter of Litecoin‘s story. Let’s tie up loose ends and wrap this whole series with a bow on top. As it turns out, Charlie Lee returned to his job at Coinbase. Was the company more supportive this time around? Plus, as we warned you last time, at one point Lee sold all of his LTC. What were his reasons to do that? Did he have a plan? And, more importantly, did the plan work?  Related Reading | Charlie Lee Sums Up Litecoin’s 10 Years History. Part Two: Exchanges + Betrayal Learn all of that and more in the concluding chapter of this legendary saga. Charlie Lee Vs. Coinbase, Round Two After successfully activating SegWit on Litecoin, Lee returned to his job at Coinbase. Ever the pioneer, this time he worked from home. The year was 2016. Once again, “given how successful the Ethereum launch was,” Charlie Lee tried to get Litecoin listed on Coinbase. “Brian reluctantly agreed to launch on GDAX only.” The predecessor to Coinbase Pro, GDAX stands for Global Digital Asset Exchange. The launch didn’t go as Lee hoped. Because there was no launch. “For reasons unknown to me, Brian & Fred refused to do a full launch on GDAX & Coinbase like we did with ETH.” Even though Charlie Lee helped design ETH’s launch, which was a moneymaker for the company. To make things worse, “Fred had refused to let Coinbase hold any LTC and due to conflict of interest.” Which, if you think about it, might be the reason Charlie Lee is looking for. And serves as a link to today’s main story. Since the exchange had no Litecoin liquidity, Charlie “had to personally lend Coinbase my own LTC.” As the following chart shows, Litecoin was the #4 coin at the time. It “almost matched Etheruem’s and LTC wasn’t even on Coinbase.” Was this a personal attack or does the conflict of interest narrative rings true to you? It would have been easy to launch on both GDAX and Coinbase. Actually, it would have been easier since we already have a successful launch plan to follow. Coinbase basically had to go out of the way to cripple the Litecoin launch and not even hold any LTC to pay for miner fees. — Charlie Lee (@SatoshiLite) October 12, 2021 So, Charlie resigned. The company asked him to stay a while to ease the transition. A few months later, with nothing to lose, Lee shot his last shot to try to get Litecoin listed on Coinbase’s main site. Surprisingly, Brian Armstrong agreed.  This was definitely not a staged tweet and reply. I actually didn't expect Brian to reply at all, but I was extremely glad to see him agree with me. So right away, I gathered the team together at Coinbase to launch Litecoin. I didn't even talk to Brian after his Twitter reply. — Charlie Lee (@SatoshiLite) October 12, 2021 Litecoin officially launched on Coinbase in May. On June 9th, Lee left the company for good. Today's my last day at @coinbase! I will miss working with you all. I'm going to shift my focus to Litecoin now. To the moon! 😁 pic.twitter.com/Ys9dZwtTFO — Charlie Lee (@SatoshiLite) June 10, 2017 The move was extremely successful. Lee estimates that Litecoin made Coinbase over $100M through that first year. “Brain even emailed to apologize for what I had to go through. He agreed that adding Litecoin was super lucrative for Coinbase.” Even though that happened, in his Twitter thread Charlie went for the jugular. “I guess you can blame me for turning Coinbase into a sh*tcoin casino that it is today.” Savage! LTC price chart for 10/15/2021 on Exmo | Source: LTC/USD on TradingView.com The Founder Sells All Of His Litecoin The story you were waiting for. At the end of 2017, Charlie Lee sold all of his Litecoin. At the market top. In the thread, he doesn’t mention a conflict of interest, but that was the reason he wielded at the time. This time, Lee says that because of the fair launch, he didn’t have that much. He had to mine and buy his share, like everybody else. And that “Pretty much every other altcoin had a huge premine. Even Ethereum had like 70% coins premined.” According to the founder, these were his objectives: Remove the fear of a Satoshi stash Make Litecoin more decentralized Align my motivation/incentive to Litecoin adoption versus LTC price rise At the time, the move was controversial, to say the least. People assumed the captain was abandoning the ship. At the market top. However, Charlie Lee has spent four years leading the project, focused on Litecoin adoption and “not on the price of LTC.” Since then, they launched LTCpay, “a self-hosted merchant processing service,” and credit card backed by Litecoin. And they hosted a “Global Litecoin Summit” in September 2018.  Plus, they sponsored a UFC night and became “the Official Cryptocurrency of the Miami Dolphins.” for a while in 2019. By the end of 2020, PayPal announced Litecoin support. “PayPal did not reach out to me beforehand. Actual there’s no reason they needed to! Litecoin is a decentralized cryptocurrency after all. It was honestly very satisfying to see this happen.“ Related Reading | Charlie Lee Sums Up Litecoin ‘s 10 Years History. Part Three: SegWit Intro Charlie Lee’s new project for Litecoin is fungibility. Read all about it in this thread. This new feature is almost done,”The code is being audited right now, and we are very close to releasing it. After release, it will take some time for it to be activated.” Lee expects this to happen in early 2022. The author finished his epic thread with these two heartfelt tweets. The blockchain for all intents and purposes is alive. I cannot shut it down and I know Litecoin will outlive me. These 10 years have been a wild ride. Here's to 10 more. 🥂 It's amazing what Satoshi Nakamoto has created. I am privileged to have played a tiny part in all of this. pic.twitter.com/1Zks4QzZbU — Charlie Lee (@SatoshiLite) October 12, 2021 Congratulations on your 10th anniversary, Litecoin! Featured Image: Litecoin 10 years from this tweet | Charts by TradingView

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The Bank of Japan is keen to ensure seamless integration of its central bank digital currency with the existing payment architecture.