Category: Cryptocurrency News

Decentralized finance (defi) has set a trend during the latter half of 2020 and into this year, as statistics show $168 billion is locked in defi across various blockchains. The Bitcoin Cash network now has the Smartbch protocol and in recent times, a decentralized exchange (dex) platform has joined the defi fray. The newly launched […]

Bored Ape Yacht Club enthusiasts are taking the TRON network by storm. Just 24 hours into this minting event, over 75% of Tron-exclusive Apes have already found their owners. Bored Ape Yacht Club Tron, created by Palmar Labs, seems to be the hottest NFT on TRON network these days. This brand new collection, which follows the steps of the widely popular Ethereum-based project, features a series of 10,000 eye-catching Apes. Although initially planned for September 5, the team behind this collection had to postpone the event to enable Ape aficionados to mint on the go through mobile devices. That, as it appears, has not discouraged the NFT community from rushing into the primates once reopened. As of this writing, more than 80% were already minted — only 2,000 Apes left. Tpunks, the first NFT collection to make it on TRON, sold only 600 pieces out of 10,000 in the first 24 hours. And while it took them four months to sell them all, the marketplace activity is having one hell of a ride after TRON founder Justin Sun purchased a Joker Tpunk for $10.5 million last week. For Tronmeebits, the second project to go live in this blockchain, it took about 36 hours to sell 20,000 digital art pieces. Yet, none of these projects managed to launch a marketplace yet. The BAYCTron collection is among the first five NFT projects to be launched on TRON. And according to team representatives, it will be the second collection to have its own marketplace. “Our focus was never to launch first. We want it to do it right and, more importantly, ensure that everyone can mint on the go using mobile devices. Also, we are working non-stop to launch our marketplace, which will enable the Bored Ape community to buy, sell, and bid on their favorite assets in a headache-free way,” says Caroline Matusso, CMO of BAYCTron. BAYCT are TRC721 tokens, the recently implemented standard for non-fungible tokens on Justin Sun’s blockchain. While there are no details as to what types of Apes are available in this collection, the creators did announce that 15 Apes are exclusively dedicated to TRON. According to their official website, the tokens are all minted randomly and “programmatically generated from 170+ possible traits, including expression, headwear, clothing, and many others.” As for the price, digital collectors can get hold of a Tron-powered Bored Ape for a fixed 1,000 TRX or around $85. And for those looking to form an entire troop, the site does allow users to mint multiple tokens at once. Bored Ape Yacht Club Tron has already won the support of some prominent figures in the NFT space. Joshuwa Roomsburg, CEO of ChainLeak and one of the world’s leading crypto influencers, has purchased twelve BAYCT Apes earlier today. I aped in on @BAYCTron! 😂😂😂I got a couple fire ones though. 🔥https://t.co/7UIROrxSjn#NFTs #TronNFTs #Tron #TRX#JustinSun #NFT @JustinSunTron pic.twitter.com/ooqG1hlane — Joshuwa Roomsburg (@JoshRoomsburg) September 6, 2021 The project has managed to get the attention of thousands of NFT collectors in a couple of days, adding more than 9,000 followers on Twitter and hundreds on Telegram. “The team behind BAYCTron is highly professional, and we understand the importance of securing the value of our collection on the secondary market. That’s why we’re taking partnerships very seriously. While we cannot disclose any details at this stage, we are exploring partnership opportunities with major NFT curators” Matusso explained. This exciting minting race can be over in days, hours, or minutes — no one can tell for sure. The company has announced that, at this stage, “three super rare NFTs are still available for minting.” With only a quarter of the supply left, chances to get hold of a valuable asset are rising by the minute — and collectors are not monkeying around.

Central bank digital currencies are the next frontier for blockchain. Roxe wants to make BTC hashrate the anchor for future CBDCs.

Guys stop me if I'm wrong, but should we not have a reliable not expensive solution to move fund out of L1 to L2 ? From my understanding, we want to move all lambda users transactions to L2 but if we are stuck just because of High gas fee, that will never be possible? I've…
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Blockstream, a Bitcoin infrastructure services company, today announced a new partnership with financial services giant Macquarie to develop and manage zero-emission Bitcoin mining facilities. The first project will be based in North America and will utilize Blockstream’s enterprise-grade mining facilities and expertise in mining hardware hosting to provide additional security to the Bitcoin network. Partnership…
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Currently you can run a validator on a Raspberry Pi 8GB. Clients are still young for Eth 2.0 and further refinements to them will reduce the stress on CPUs and disks. Now it is a noble thing to be able to run your blockchain on hardware as cheap and low powered as the Raspberry Pi…
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Ethereum has seen some optimistic price predictions this year. While a lot of analysts have erred on the conservative side, others have gone the route of being overly optimistic. With some putting the price of the altcoin at $20,000, like in the case of Real Vision founder Raoul Pal. But none have gone as high as where the British banking giant puts the price of the asset. There has been widespread sentiment in the market regarding the potential of Ethereum to overtake Bitcoin at some point, and it looks like institutions believe this too. Last month, deVere CEO Nigel Green said in a statement that Ethereum was set to outperform Bitcoin in the long run. Green pointed to numbers from the past year which already showed that the former was already outperforming the latter in the market, giving it a timeline of five years. Related Reading | Flash Crash, Ethereum Tests Support With 17% Drop And Risks Further Losses Standard Chartered More Bullish On Ethereum Standard Chartered released a new report on crypto on Tuesday. In it showed the bank’s view on cryptocurrencies, with a focus on Bitcoin and Ethereum. The report showed the banking giant had a more favorable view on Ether, which it believes is superior to Bitcoin due to the fact that it is akin to a financial market. The rise of decentralized finance (DeFi) has seen the rise of protocols offering alternatives to traditional financial services like lending, borrowing, and yield farming. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Standard Chartered sees Bitcoin doing well in the long run, but not performing as well as Ether because it is more like a currency. The bank sees the use cases of Ethereum being the major catalyst that sees the market capitalization overtake that of Bitcoin. Longer-term price predictions came out to the range of $50,000 to $175,000 over the long term for Bitcoin. Only about a 300% price increase for the asset from its current levels. While the report put forth a much more optimistic price prediction for Ethereum. Standard Chartered expects that the price of ETH in the long term will be in the $26,000 to $35,000 range, predicting a 1,000% increase in the price from its current point. ETH Keeps Outperforming BTC At first glance, Standard Chartered’s prediction for both cryptos may seem too wild to be true. But a look at the charts for both assets shows that the analysts are on to something here. In 2021 alone, Bitcoin has grown about 38% to the present day. On the other hand, Ethereum has grown 240% this year alone. A year-over-year analysis shows that ETH has consistently outperformed BTC in the market. Coupled with its use cases, this makes it a prime candidate for institutional investments. BTC has grown 38% in 2021 | Source: BTCUSD on TradingView.com ETH has grown 240% in 2021 | Source: ETHUSD on TradingView.com One thing the Standard Chartered report does acknowledge though is the importance of BTC growth to that of ETH. Although it is bullish on ETH, it acknowledges that for ETH to get to the predicted price point, BTC would actually need to first get to its predicted $175,000. Featured image from ETF Stream, charts from TradingView.com