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Best Way To Stake Ethereum 2.0 Guide: Enterprise and Individual Use

The best Ethereum 2.0 staking services and how to pick one according to your needs. We dive into pros and cons of Ethereum...

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NFT game creator flips Axie Infinity virtual land for 9,200% gain in one year

Kieran Warwick, the co-founder of forthcoming NFT-powered gaming metaverse Illuvium, has revealed he made a gain of more than 9,000% from flipping a virtual plot of land purchased from the Axie Infinity metaverse. Warwick, the brother of Synthetix founder Kain, recounts purchasing the plots during mid-2020, noting there “weren’t too many use cases” for digital land at the time, with in-metaverse advertising and mining having yet to become common as utilities for virtual property. He purchased the plot for $300, and announced the sale a year later for $28,000 on July 13. Despite the lack of apparent utility, Warwick invested “quite a bit into” Axie Infinity based on “the promise for them to build out the metaverse.” While players are still waiting for Axie to build out functionality for its land, Kieran notes the plots have increased in value by thousands of percent over the past year. “Basically it was speculation, I just thought that play-to-earn in itself, which is this new paradigm..

Bitcoin Loses its Steam, Settled Below $50k

After showing a record momentum, the downward spiral in Bitcoin prices has begun, with the largest cryptocurrency by market capitalization falling below the $50,000 mark. In the last 24 hours, the prices of Bitcoin have fallen by around $4300, and with this, the cryptocurrency registered a loss for ..

Coreto Platform to Get a Makeover with Coreto Design Language

A month after its Alpha launch, the reputation based online social platform for crypto communities, Coreto has entered Phase II and is in the...

John McAfee tributes, El Salvador’s bold plans, altcoin fears: Hodler’s Digest, June 20–26

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This WeekRemembering John McAfee: Computer programmer and crypto evangelist dead at 75John McAfee was found dead in his Spanish prison cell hours after the country’s courts ruled that he could be extradited to the U.S. to face tax evasion charges. He was 75. He was best known for creating one of the world’s best-known antivirus software programs. The entrepreneur also made headlines in the crypto space and mainstream media for a July 2017 prediction that the price of Bitcoin would reach $500,000 by 2020. McAfee didn’t end up fulfilling the terms of an extravagant bet where he claimed he would “eat [his] dick on national television” if it didn’t happen. Spanish officials have not ruled out the possibility that McAfee..

Watch these key technical levels as Bitcoin price nears $61,800 all-time high

The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market. In the near term, besides the all-time high at around $61,800, there are three key Bitcoin price levels to observe: $61,188, $58,387 and $53,000. BTC_USDT orderbook heatmap (Binance). Source: Material IndicatorsAs long as the price of Bitcoin stays above $58,387 and keeps attempting to break out above $61,188, it would likely see a new record high in the foreseeable future. If Bitcoin breaks out to a new record high, traders also anticipate the altcoin market to pullback slightly for the time being, at least until BTC starts to stagnate after reaching a new high. $58,000 flipping into support is critical for more upsideAccording to the pseudonymous trader "Rekt capital," the key for Bitcoin to cleanly reach a new all-time high in the coming days..

Venezuelan Programmer Who Created the Petro Token Regrets Participating in the Project — Works on an Alternative Token

Venezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile,...

Nigeria: remittances fall and crypto rise

Nigeria has recorded a nearly 40% year-on-year drop in the use of cross-border remittances, while the use of crypto has increased. According to...

Portuguese national football team launches fan token with Socios

Blockchain-based sports platform Chiliz has partnered with the Portuguese Football Federation to release fan tokens on Socios. In a Thursday announcement from Socios, the platform said it will be dropping tokens for the Portugal national football team, also known as A Seleção or “The Selection,” within the next few days for local fans. As with previously tokenized sports franchises, the digital collectibles are minted on the Chiliz blockchain and allow token holders to vote in polls and earn VIP rewards. “The launch of the $POR Fan Token will allow us to create new ways of reaching our supporters and interact with them in new and innovative ways.” said Portuguese Football Federation’s chief marketing officer Nuno Moura. “This will create new opportunities to engage fans with the Portuguese Team like never before, providing them with exclusive benefits, experiences and rewards.” While Chiliz through Socios has formed partnerships with major names in sports to release fan tokens, crypto ..

New York governor Cuomo reveals COVID-19 pilot built on IBM blockchain

A sense of relief has begun to emerge as COVID-19 vaccinations continue to be administered across the world. While hopeful, a new challenge remains: distinguishing between individuals vaccinated and those unvaccinated. Various statistics claim that very little of the world’s population has been fully vaccinated as of the start of March 2021. While this number is still low, some regions like Texas have optimistically begun lifting mask mandates in hopes of resuming normal lifestyles. Other states across America, however, have started taking safer precautions to ensure normalcy following the COVID-19 vaccination rollouts. For example, New York governor Andrew Cuomo recently announced a pilot program to trial the “Excelsior Pass,” a solution based on IBM’s Digital Health Pass powered by blockchain technology. According to the New York State blog post, “the Excelsior Pass will confirm an individual’s vaccination or a recent negative COVID-19 test through a confidential data transfer” bet..

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Bitcoin dominance teeters at 50% as ETH, altcoins gain traction

Bitcoin (BTC) dominance briefly fell below 50% last week for the first time since January 2018, sending a strong signal that more speculative bets on altcoins was on the rise. The Bitcoin dominance index, which measures BTC’s market capitalization relative to the broader cryptocurrency market, reached a low of 49.35% on Thursday, according to CoinMarketCap. At the beginning of 2021, BTC dominance was 70.68%. Ethereum (ETH), meanwhile, accounted for nearly 15% of the overall market at its peak on Thursday. ETH dominance is up nearly 4 percentage points since the start of 2021. ETH has outperformed BTC over the past seven days, charting an impressive 9.5% return. The second-largest cryptocurrency by market cap is down 10% from its previous all-time high whereas Bitcoin has corrected over 20%. Binance Coin (BNB) has also seen its share of the overall market grow steadily this year, from 0.71% on January 1 to 4.17% on April 25. BNB is being supported by several fundamental factors, incl..

Chainflip: A Decentralised, Trustless Swapping Tool

Chainflip is a decentralized, trustless protocol facilitating cross-chain swaps between different blockchains. The platform does not require users to have previous crypto knowledge or an intermediary to swap their tokens, as they can perform these functions in a few clicks. This way, Chainflip provi..

Say Goodbye to the Centralized Metaverse and Hello to the NFT Metaverse

The centralized metaverse is a term used to describe the dominant model of virtual worlds that was developed by companies like Linden Lab. The...

How to stake with cryptocurrencies

The term staking within cryptocurrencies is used with two similar but slightly different meanings. Proof of Stake vs. Proof of Work The term...

Spain Is ‘Close’ to Regulating Crypto-Related Ads in the Streets, Says CNMV President

Spanish financial authorities don’t seem to be happy with the massive crypto-related advertising campaigns deployed across Madrid’s streets. The National Securities Market Commission (CNMV)...

Canadian Company Mogo Offers Bitcoin Rewards for Clients Engaging in a New Mortgage or Refinancing

On Monday, the publicly-listed Canadian company Mogo announced the firm is extending the bitcoin rewards program applied to the...

GoodFi Announces New DeFi Matchmaker Service to Help Grow the DeFi Industry to 100 Million People by 2025

GoodFi, a not-for-profit organization with the mission of getting 100m people into DeFi by 2025, today announced leading DeFi projects Terra, Bancor, Polygon, and...

How To Run Your Own Cryptocurrency Exchange With The HollaEx Kit

Many people would love to run their own cryptocurrency exchange, yet they do not always possess the necessary technical knowledge. Additionally, many developers want to create a new crypto token, yet they worry about finding the proper exchange or marketplace. The HollaEx Kit can solve all of these ..

GamyFi Assimilates Chainlink VRF for NFT Battle Royale

GamyFi Platform, which specializes in blockchain games, and fantasy-themed sports, has coordinated Chainlink Verifiable Random Function (VRF) on the Binance Smart chain network system. Since Chainlink is the leading VRF in the blockchain industry, with an oracle network that is not centralized, the ..

Bitcoin and the growing interest of institutional investors

Thanks to the growing interest of institutional investors, the dominance of large bitcoin transactions has increased from 30% in 2020 to over 65% in...

Gemini reports ‘degraded performance’ in key systems as ETH falls under $4,000

Major U.S.-based cryptocurrency exchange Gemini has experienced two service disruptions today and is now reporting degraded performance in its mobile app, web interface, and application programming interface. According to an update on the Gemini status page, the crypto exchange began investigating reports of potential service disruptions at 13:24 EST today. Though the exchange said it had restored all of its services only minutes later, Gemini reported another service disruption a few hours later, saying its systems were “experiencing degraded performance” due to an undetermined cause. At time of publication, deposits and withdrawals of all tokens Gemini supports were unaffected by the service disruption. However, users of the firm’s mobile app, its interest-earning program Gemini Earn, wire transfers, and others may be experiencing issues. As of 17:06 EST, Gemini reported it had implemented a fix and was monitoring the results. Disruptions and outages at crypto exchanges can sometime..
 

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