El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Variant Scare
As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220. El SalvadorContinue Reading
‘We’ve All Decided Centralized Banking Is Rigged’ — South Park Episode Features a Bitcoin-Only Future
South Park’s recent episode called the “Post COVID” special mocks a future where the only currency accepted is bitcoin and other cryptocurrencies. The hour-long animated sitcom picks up years into the future where the main characters are now all grown up, except Kenny McCormick who is dead. Stan Pays forContinue Reading
Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days
30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin BridgeContinue Reading
Online content streaming is dead. Long live the music NFTs
Goodbye Spotify, music nonfungible tokens have arrived: Reimagining the music streaming model in the Web 3.0 era. The music industry has undergone a massive transformation in recent years. We have seen the advent of the internet leave its mark on music, and most notably, 1999 spelled the coming of Napster.Continue Reading
Bitcoin Price Prediction: BTC/USD Signals Fresh Increase Above $55,000
Bitcoin Price Prediction – November 27 The Bitcoin price retested the $53,642 support level as it is now rising, but it must clear $57,000 and the moving averages for a steady increase. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $63,000, $65,000, $67,000 Support Levels: $46,000, $44,000, $42,000Continue Reading
What is the Definition of Decentralized Finance? The Hazards and Benefits of DeFi
To the crypto community, these technologies provide a means of escaping corporate control of the internet, government intrusions into personal liberty, poverty, and practically everything else that ails society. However, the reality has mostly consisted of financial speculation with prominent cryptocurrencies such as bitcoin and dogecoin, which soar and plummetContinue Reading
The Holy Grail for crypto traders: Consistent average returns over 5%
Over 2,000 data points consistently demonstrate a singular truth: Crypto asset prices tend to increase when this quant algorithm identifies bullish conditions.Continue Reading
Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin
As the end of the year approaches, digital currency values have risen a great deal in 2021 and crypto asset miners have been profiting as a result. According to statistics, the most profitable coin to mine at the end of November is kadena, as an 18 terahash (TH/s) machine canContinue Reading
Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July
Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming network difficulty adjustment, whichContinue Reading
Nigerian Artist Davido Launches Fan Token That Gives ‘Power Back to the Fans’
Nigerian artist Davido has launched a fan token, the Echoke Social Token, that he says gives “power” to his millions of fans. Eliminating the Middlemen A Nigerian pop artist and celebrity, Davido, recently announced the launch of his fan token, the Echoke Social Token, via his Instagram account. According toContinue Reading
Facebook’s centralized metaverse a threat to the decentralized ecosystem?
Facebook’s metaverse plans have caused discomfort in the crypto community, but there’s every reason to believe in a decentralized future for metaverses. Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans haveContinue Reading
NFTs as micro-social networks: The path to crypto adoption
Nonfungible tokens could be a step toward new social interactions, a notion that might not be as far-fetched as it sounds. Nonfungible tokens (NFTs) are evolving from a niche interest to a mainstream conversation. The variety of NFT art — from cuddly to edgy to menacing — is drawing inContinue Reading
Finance Redefined: 1M ETH burned since EIP-1559, and Dorsey drops tbDEX white paper, Nov. 19–26
1 million Ether has been burned since the London hard fork, Square released a beta white paper for a decentralized exchange, and Grayscale predicted a $1-trillion metaverse market — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. ETH isContinue Reading
Digital Land Plots Selling for Millions in Metaverse Projects
The concept of the metaverse is starting to blow up, and many of the early companies that are invested in it are already reaping some of the benefits from this new trend in the market. Digital land plots in virtual worlds are now selling for millions of dollars on differentContinue Reading
