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22 Jan

3 possible reasons why Polkadot is playing second fiddle in the L1 race

3 Possible Reasons Why Polkadot Is Playing Second Fiddle In The L1 Race

2021 was a sort of "coming-of-age" for many layer-one (L1) blockchain protocols because the growth of decentralized finance (DeFi) and nonfungible tokens (NFTs) forced users to look for solutions outside of the Ethereum (ETH) network where high fees and network congestion continued to be barriers for many.Protocols like Fantom (FTM), Avalanche (AVAX) and Cosmos (ATOM) saw their token values rise a

22 Jan

Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in January volume, Microsoft eyes Metaverse gaming: Hodler’s Digest, Jan. 16-22

Animoca Brands Doubles Valuation To $5B, OpenSea Tops $3.5B In January Volume, Microsoft Eyes Metaverse Gaming: Hodler’s Digest, Jan. 16-22

Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in January volume, Microsoft eyes Metaverse gaming: Hodler’s Digest, Jan. 16-22NFT-focused Animoca Brands valued at $5B following $358M raiseNFT and virtual property-focused firm Animoca Brands secured $358 million worth of funding earlier this week at a valuation of $5 billion.The company said the fresh funds will go towards financing

22 Jan

How should DeFi be regulated? A European approach to decentralization

How Should DeFi Be Regulated? A European Approach To Decentralization

Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to regulate it. In this article, we briefly review the fundamentals and risks of DeFi before presenting the regulatory context.DeFi is a set of alternative

22 Jan

Finance Redefined: Secret’s $400M fund, and 1inch expanding, Jan. 14–21

Finance Redefined: Secret’s $400M Fund, And 1inch Expanding, Jan. 14–21

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Following a bearish decline for many of the leading decentralized finance (DeFi) tokens, it is within the fundamental news where the optimism for growth and prosperity lies. Read on to hear about the most impactful DeFi stories of the last seven days.Secret Network offers $400M community fund scheme 1inch Network e

22 Jan

Crypto-loving anti-vax group seeks like-minded talent to live in African 'paradise'

Crypto-loving Anti-vax Group Seeks Like-minded Talent To Live In African 'paradise'

A group of people who have claimed they refuse to take any of the COVID-19 vaccines — at a time when the number of cases around the world is at an all-time high — is reportedly looking for a cryptocurrency expert to join them in Africa.According to a Friday report from Vice, the group of anti-vaxxers is building a “community” off the coast of southeastern Africa and plans to hire private c

22 Jan

Buyback-and-burn: What does it mean in crypto?

Buyback-and-burn: What Does It Mean In Crypto?

Self-investment by businesses is not new and has long been a standard tool for price stabilization (or inflation) in the traditional financial market.Binance, Nexo and others are among the projects that have carried out buybacks. Nexo's buyback, for example, was motivated by the core development team's conviction in the asset's significant undervaluation. As a result, they decided to decrease the

22 Jan

Bitecoin ($BITC): Price Updates, Recent Developments, Future Events, Community

Bitecoin ($BITC): Price Updates, Recent Developments, Future Events, Community

Bitecoin ($BITC): Price Updates, Recent Developments, Future Events, CommunityWithin a week of its launch, Bitecoin has become one of the most talked about projects, gaining 85,000,000% in a week.Bitecoin is a BSC-based rebase project that rewards its $BITC holders with 2% bitcoin.The project has already been listed on PancakeSwap, CoinMarketCap, and CoinGecko.Bitecoin has revealed plans to launch

22 Jan

NFTs: Forget apes and penguins — Let’s talk diapers, hardware and museums

NFTs: Forget Apes And Penguins — Let’s Talk Diapers, Hardware And Museums

Though the likes of Bored Apes and Pudgy Penguins take the headlines, and the potential for decentralized finance (DeFi) and play-to-earn gaming is undeniably grand and exciting, the marketing potential for nonfungible tokens (NFTs) deserves equal attention. It boils down to this: With NFTs, virtually anything can be gamified to promote desired marketing outcomes.Gamification — defined by Gabe Z

22 Jan

Crypto Jobs on the Rise: the Most In-Demand and Crazy Jobs Out There

Crypto Jobs On The Rise: The Most In-Demand And Crazy Jobs Out There

Crypto Jobs on the Rise: the Most In-Demand and Crazy Jobs Out ThereIf your job title includes the magic world “crypto,” your personal profile should definitely be among the most wanted on LinkedIn. Probably you’ve noticed that already.Crypto Hiring Has SurgedThe crypto space is booming and so is the global demand for cryptocurrency and blockchain-savvy employees, says the world’s largest

22 Jan

BTC price falls to $34K as Bitcoin RSI reaches most 'oversold' since March 2020 crash

BTC Price Falls To $34K As Bitcoin RSI Reaches Most 'oversold' Since March 2020 Crash

. Bitcoin (BTC) refused to stem recent losses during Jan. 22 as predictions of a flight to $33,000 and lower looked increasingly likely to become a reality.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView.Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fell through $35,000 during the first half of Saturday.Bitcoin futures funding rates chart (Binance).

22 Jan

Crypto Twitter responds to Bitcoin dump: ‘Ok cool’

Crypto Twitter Responds To Bitcoin Dump: ‘Ok Cool’

. Bitcoin (BTC) has dumped below 40,000, wiping out almost $50 billion from the crypto market cap. Even without any particular news to blame, Crypto Twitter (NYSE:TWTR) still won’t let the dump slide without reacting in its own colorful ways.Lark Davis, a crypto figure with almost a million Twitter followers asked his audience: “Are you buying anything on this dip? Or waiting for clarit

22 Jan

Turkish and Salvadoran presidents meet, Bitcoiners left disappointed

Turkish And Salvadoran Presidents Meet, Bitcoiners Left Disappointed

Bitcoin (BTC) took more than just a beating in the markets. The orange coin got the cold shoulder as Turkish President Recep Tayyip Erdoğan welcomed his Salvadoran peer Nayib Bukele in the capital of Turkey to talk about a number of topics. While Bitcoin failed to be a talking point, it did not stop the Twitter (NYSE:TWTR) rumor mill from going into overdrive. As part of the state visit, Bukele a

22 Jan

Ethereum Falls 15% In Rout

Ethereum Falls 15% In Rout

Ethereum Falls 15% In Ethereum was trading at $2,431.45 by 06:37 (11:37 GMT) on the Index on Saturday, down 14.62% on the day. It was the largest one-day percentage loss since June 21, 2021.The move downwards pushed Ethereum's market cap down to $291.21B, or 18.08% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.Ethereum had traded in a range of $2,31

22 Jan

Blockchain and the evolution of business models in the game industry

Blockchain And The Evolution Of Business Models In The Game Industry

The first computer games were developed in the late 20th century with the sole purpose of entertaining their audience. One of the first goals was to distract players from their routine work and provide them access to a fantasy world. Very soon, games began to compete for users' time against traditional forms of entertainment, such as movies, circuses, theater performances, zoos, etc.Planet Earth e

22 Jan

How to use UniSwap: A step-by-step beginner's guide

How To Use UniSwap: A Step-by-step Beginner's Guide

The Uniswap decentralized exchange (DEX) is the most popular DEX built on the Ethereum blockchain. For users wondering, "What is Uniswap?," this article provides an overview of what it is and how it works as well as several ways users can get started using the Uniswap DEX.With Uniswap, users can swap crypto tokens without having to rely on an intermediary. Not having to rely on a third party leads

22 Jan

Elon Musk slams Twitter for rolling out NFT feature

Elon Musk Slams Twitter For Rolling Out NFT Feature

Elon Musk slams Twitter for rolling out NFT featureTesla (NASDAQ:TSLA) CEO Elon Musk is not buying Twitter’s new NFT integration feature. Musk, in a Friday morning tweet, slammed the social media giant for allocating engineering resources towards NFT integration while doing little to tackle spam activity on its platform.Twitter (NYSE:TWTR) is spending engineering resources on this bs while crypt

22 Jan

TIME Magazine to Allow Users to Connect ETH Wallets and Buy Exclusive NFTs

TIME Magazine To Allow Users To Connect ETH Wallets And Buy Exclusive NFTs

TIME Magazine to Allow Users to Connect ETH Wallets and Buy Exclusive NFTsThe almost century old U.S. based TIME magazine has become quite fond of crypto, and is now set to allow readers to connect their Ethereum wallets in order to purchase TIMEPieces – unique NFTs created by the TIME community.TIME’s current NFT drop ‘Long Neckie Women,’ by 12-year old digital artist Nyla Hayes, features

22 Jan

El Salvador buys its cheapest 410 Bitcoin as prices reach $36k

El Salvador Buys Its Cheapest 410 Bitcoin As Prices Reach $36k

. The Central American country of El Salvador has added 410 Bitcoin (BTC) to its central reserve as BTC prices trade below $37,000, a price last seen on July 26th, 2021. The fresh addition to El Salvador’s BTC reserve was announced by President Nayib Bukele, who confirmed that the purchase of 410 BTC was made against $15 million, placing the price at approximately $36,585 per BTC.Bitcoin

22 Jan

Bitcoin fundamentals diverge from BTC price dip as difficulty hits new all-time high

Bitcoin Fundamentals Diverge From BTC Price Dip As Difficulty Hits New All-time High

. Bitcoin (BTC) may have tanked to six-month lows this week, but under the hood, the network is now verifiably stronger than ever.Data from on-chain monitoring resources including Glassnode and confirms that as of Friday, the Bitcoin network difficulty is at a new all-time high.Bitcoin hash rate for week beginning Jan. 17 (screenshot). Source: MiningPoolStatsCoin Telegr

22 Jan

SEC rejects MicroStrategy's Bitcoin accounting practices: report

SEC Rejects MicroStrategy's Bitcoin Accounting Practices: Report

. Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases.According to a report, a comment letter from the SEC released Thursday showed the regulatory body objected to MicroStrategy reporting information related to its Bitcoin (BTC) purchases based on non-GAAP, or Generally Accep

22 Jan

Redditors share their thoughts on buying Bitcoin at all-time highs

Redditors Share Their Thoughts On Buying Bitcoin At All-time Highs

. Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying:Crypto's decentralized nature means there are no circuit breakers equivalent to the ones that exist on traditional stock exchanges. The resulting bull/

22 Jan

The life cycle of smart contracts in the blockchain ecosystem

The Life Cycle Of Smart Contracts In The Blockchain Ecosystem

Yes, smart contracts can be destroyed using the selfdestruct function.Ethereum smart contracts provide a selfdestruct function that allows them to destroy a contract on the blockchain system. It is, however, a two-edged sword for developers. On the one hand, the selfdestruct function allows developers to delete smart contracts from Ethereum and transfer Ether in the event of an emergency, such as

22 Jan

Altcoin Roundup: 3 emerging P2E gaming trends to keep an eye on in 2022

Altcoin Roundup: 3 Emerging P2E Gaming Trends To Keep An Eye On In 2022

Blockchain-based play-to-earn (P2E) gaming had a breakout year in 2021, and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those that invest in it will need to consider what the next steps are. During bull markets, vaporware, speculation and euphoria can lead to unrealistic valuations and expectations, and this appears to also have impacted the P2E sector.Now that the h

21 Jan

MetisDAO TVL surges by 99,800% as the layer-2 race heats up

MetisDAO TVL Surges By 99,800% As The Layer-2 Race Heats Up

Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly battle to attract investors’ funds by offering enticing yields for crypto holders willing to take a risk and lock up their assets, and protocols use these funds to build out their products and attract attention from larger investors. One protocol that has been gaining t