The decentralized finance (DeFi) ecosystem has grown exponentially during the past few years. Beginning with the launch of Ethereum (ETH) in mid-2015, application developers across the globe began to write smart contracts to support a wide range of decentralized applications (dApps). A few years later, other platforms such as EOS and TRON launched their mainnets …
Monthly archives: October 2021
My Experience Buying Virtual Land on Next Earth
In the fall of 2017, NFT projects like Cryptokitties took off like a rocket. I had the opportunity to have a lot of discussions about the crypto space, NFTs, and the emerging metaverse. These conversations centered around how virtual land could become a viable alternative asset niche within cryptocurrency markets, and the metaverse. That’s when …
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Quick History: The War On Tokens & Crypto Bans
Since the drop of the first token in 2009, there has been a battle for control going on within the digital world. This war is generally financially based, as countries try to secure greater control and grip on decentralized exchanges and cryptocurrency. Here is a brief look into a few different perspectives from countries that have …
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1,000% Dogecoin Rally? Crypto Analyst Says DOGE Mirroring Pattern From April Breakout
A top crypto strategist and trader says that it is within the realm of possibilities that Dogecoin (DOGE) can ignite a surge reminiscent of its massive breakout in April. Justin Bennett tells his 73,300 Twitter followers that the leading meme crypto’s current price action mirrors a technical pattern last seen in DOGE six months ago …
SEC Commissioner: True Decentralized Projects Pose a Challenge to Crypto Regulation
A commissioner with the U.S. Securities and Exchange Commission (SEC) says that true decentralized projects pose a challenge to crypto regulation. Noting that “decentralized finance carries within itself inherently some ability to self regulate,” the commissioner said, “we need to take that into account as we design a regulatory system.” SEC Commissioner Peirce Discusses Crypto …
Refinable Authenticates Fine Jewelry Sale on Sotheby’s
press release PRESS RELEASE. HONG KONG – 10th October 2021 – Refinable, a leading decentralized NFT marketplace, is taking a step forward in realizing advanced use cases for NFT applications. In a keystone partnership with high-end jewelry maker NALAS, and the support of Sotheby’s, Refinable will be the first marketplace to provide item authentication with …
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BTC’s Price Rise Gives 5-Year-Old Mining Rigs New Life — Bitcoin Hashrate Jumps Close to 20% Since Last Week
As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining rigs more profitable. Older generation mining rigs like Bitmain’s Antminer S9 …
Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments
Sri Lanka’s leading online retailer, Kapruka, has unveiled plans to introduce support for cryptocurrency payments. The news comes as the South Asian country intensifies efforts to adopt legislation tailored to regulate its blockchain space and attract investments from the crypto industry. Kapruka to Launch Cryptocurrency Payments Within Weeks Kapruka (Kapruka.com), a major e-commerce platform in …
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Former Tech Mogul and 25 Others Arrested in Alleged Massive Trading Scheme Involving Crypto: Report
A joint operation by Israeli police and the Federal Bureau of Investigation (FBI) has led to the arrest of a former tech mogul and 25 other people for their alleged participation in a fraudulent trading scheme involving cryptocurrencies. The Times of Israel reports that Guy Grinberg, co-founder of the China-based social media platform Koolanoo, was …
Bitcoin’s Year-End Prospects Look Highly Bullish Says On-Chain Analyst Will Clemente – Here’s Why
On-chain analyst William Clemente says Bitcoin’s (BTC) outlook for the latter half of this year remains highly bullish. In Blockware Intelligence’s latest report, Clemente says that in the immediate short term, Bitcoin could see a pullback before any bullish momentum continues. ADVERTISEMENT According to the on-chain analyst, multiple factors including whales taking profits and …
Bitcoin Is Bullish Until Proven Otherwise, Says Top Crypto Strategist – Here’s His Invalidation Level for BTC
A widely followed trader and crypto strategist says he’s bullish on Bitcoin (BTC) until the price action proves him wrong. In a new strategy session, pseudonymous trader DonAlt says that BTC is currently facing a weak resistance area in the weekly timeframe as the largest crypto asset continues to trade above $50,000. ADVERTISEMENT “For …
Regulators are coming for crypto: Is digital identity the answer?
The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy. From the Financial Action Task Force pushing forward with its guidance for Travel Rule compliance to the still-evolving European Markets in Crypto-Assets …
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The Metaverse, play-to-earn and the new economic model of gaming
The gaming industry, which has always been synonymous with fun, has grown massively in recent times, and a lot of money is now being mentioned when gaming comes up. Since the introduction of Web 3.0, there has been immense growth in the industry. At the end of 2019, the global gaming market was reportedly worth …
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Top 5 cryptocurrencies to watch this week: BTC, DOT, UNI, LINK, XMR
Bitcoin (BTC) has continued to trade near the $55,000 level. The sharp rally in Bitcoin has pushed its market dominance from 40.70% on Sep. 12 to about 45% today. This shows that the strong recovery in cryptocurrencies has largely been led by Bitcoin. This sharp run-up in Bitcoin has pushed the Fear and Greed indicator …
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Brutal Bitcoin Bear Markets a Thing of the Past, Says Crypto Investment Giant CEO – But There’s a Catch
The CEO of crypto investment firm Pantera Capital says that brutal Bitcoin bear markets where BTC plummets over 80% are now a thing of the past. In a new edition of the Blockchain Letter, Dan Morehead says that Bitcoin has entered the post-halving era and no longer follows the extreme volatility of previous market cycles. …