October 6, 2021
Comments Off on EBSI: The European Method of Getting Most out of Blockchain
The digital currency space is creating much attention globally. This attention can make individuals forget about the impact of technology. In our case today, we have blockchains. People also call it DLT (Distributed Ledger Technology).
EBP (European Blockchain Partnership)
Currently, there are numerous projects taking place courtesy of the technology behind chains. This is applicable in so many areas. Previously, the world saw the EBSI (European Blockchain Services Infrastructure) in the headlines. The EBSI was one of the most promising chain projects. It was to supply quite a package of digital citizen services. This was in the plan in order to enable benefits to the public, community, and the entire ecosystem. Probably in the next few years, EBSI will look a bit different. This can be using factors like; where we are now and great expectations laying ahead. Now, what will be the way forward?
In the year 2018, the EC, European Member states, and nations enrolled with the EEA. teamed up to create EBP. The 3 made a pledge to work as one towards changing the capabilities of the blockchain system. They agreed to come together in delivering a package of digital citizen services. To chase the vision, the group launched the EBSI. State members also wanted to accommodate firms, educational entities. They even included the blockchain society in making decisions. The entity handling this conversation is the International Association of Trusted Blockchain Applications. And also, the EUBOF (European Union Blockchain Observatory and Forum).
Originating from the EC, EBSI is a flagship project. It was to enhance trustworthiness in the public domain. The body has become the first European Union broad blockchain infrastructure. It is simply accessed by citizens in Europe. European Blockchain Services Infrastructure had various major principles. EBSI works to achieve public good and governance. They want to improve transparency, data integration, and compatibility. Other aspects include open-source applications as well as compliance with European Union rules. Some rules are available with eIDAS and GDPR.
European Blockchain Services Infrastructure also aims in providing better services. This includes common, distributed, and opened citizen infrastructure. Such frameworks contribute to the provision. It supports a safe and interoperable economic system. Generally, security and interoperability will help in the execution of developments. It will also help operations of the EU in the international realms. The overall infrastructure will give a reflection of EU values. It will highlight ways of tackling world plights like global warming and corruption.
European Blockchain Services Infrastructure, therefore, continues to distribute services in the public domain. In addition, these services have scalability and interoperability aspects. It even helps in presence of high levels of safety and data privacy. It grants public stakeholders an opportunity to carry out verification of details. As a result, there was trustworthiness within the overall infrastructure. In such cases of EBSI, infrastructure deployment is within 36 months.
Evidently, EBSI is acquiring remarkable attention. Once it’s in its complete production, interoperability should be the key concern.
October 5, 2021
Comments Off on Spencer Attempted to Pay for Sponsorship in Millions to Wizards Jerseys
Spencer Dinwiddie took advantage of the Monday media’s day and went further to hold a press event. He wore a brand-new Wizard jersey. This was after entering into a contract with the company last off-season.
Promoting Wizard’s Jersey
What if he had it his way? Then, Spencer would have definitely branded the jersey. And, either way, promoted the digital currency application he is investing in. That virtual coin would be Galaxy! Spencer insisted that he is trying to promote the Wizard’s jersey. Seeing that, the company is cutting ties with Geico. Now, this becomes a prime opportunity after the contract expiration. In his statement, Dinwiddie added that NBA rejected his plea. He says this was due to policies hindering teams from engaging with investors. This greatly results in the conflict of interest between investment owners and players.
Taking a segment of his statement, Spencer said that he wanted his firm to make the transaction. He wanted to purchase the patch and as well engage in a partnership. On the other hand, NBA had regulations that oppressed individuals business-wise. People cannot have venture deals with business owners and players and related stuff. Dinwiddie thought that this was a complete jar of BS. In fact, he would have gone ahead to commit himself to pay the whole price for it.
NBA Shot Down the Idea
According to Spencer, he thinks they were trading it at 12M dollars or something nearing that. He would really pay it like a bro! What if he puts his own jersey patch? It would sound baller-like just to join the new group adjacent to Capitol Hill. He says, wearing a jersey that reveals a digital currency patch would be great. Shockingly, NBA shot down the idea.
It still remains not clear whether funds would come from Spencer’s income or the firm’s turnovers. Dinwiddie is yet to make at least 17M dollars in next season and that may take away most of it. The promotion program is more on advertisements as well as exposure. It shows that Spencer is finding ways of promoting his business products to the entire world.
In a recent interview, Spencer gave an astonishing suggestion. He says that we would see politicians lobbied in regard to digital currency matters. It’s a good opportunity for Dinwiddie especially at such a time when he is playing in Washington DC. Early this week, he said that the basketball game shall kick off first. In his other statement, Spencer said something similar about playing their part. He says if they happen to get Brad for signing the super-max, he may an opportunity to link up with Joe Biden. The president had attended a Wizard playoff. This happened in the year 2017 in one of the Wizard’s courts. Joe Biden had come to support the home players.
He got noticed when one huge screen-captured him when a timeout was happening in the 2nd quarter. Now, that being the case, it looks as if Wizards can make it to the postseason, and then the team can catch up there.
September 23, 2021
Comments Off on Get $600 in returns from ByBit.com
The choice of a digital currency investment exchange may be a difficult task. There are various considerations like the site characteristics, graphics, and charts interface. They can also select investment pairs, applicable charges, safety, and client support. Among several exchanges in the world today, we have Bybit.com. Recently, they have become quite popular. They boast of being one of the most leveraged digital currency exchanges globally.
Who is Bybit.com?
It’s a digital derivative currency investment site. They normally put more emphasis on leverage investments. They drive with a maximum of up to a hundred times on Bitcoin/dollar as well as the Ether/dollar investment pairs. Their derivative platform gives various contracts that follow digital currency pricing. This is not the typical digital currency asset.
Located in the regions of Singapore, they legally exist to perform investment exchanges. It involves the regions surrounding the British Virgin Islands. According to them, they usually boost investors who cut across the globe. Places such as Europe, Japan, and Korea are some of them. They have a group of experts coming from the Foreign Exchange (Forex) industry. Besides the bank sector, it includes the earliest blockchain actors as well.
Comparatively the company has extra outstanding features at the advanced level. These include their latest innovation on intuitive client’s interface. It also includes plus the digital investment application available on mobile platforms. Clients enrolled with Bybit.com can also enjoy the discount of 10 % on fees which is part of their promotion. They have made this possible on the Binance platform. This is excellent news for consumers signed up with Coinbase and FTX. They now have an opportunity also to enjoy the promotional discounts as well as cheaper fees.
Taking Profits and Stopping Loss Orders
Clients to Bybit.com can set up a take profit or loss orders. Indeed, it is a beautiful characteristic made available by other exchange platforms. They have designed the platform in a very unique manner. So, any given trader can monitor and maintain the appropriate risk management. This is so especially when making plans for a trade and adjusting risks once a position goes live. Consumers can drag limit orders available on the charts.
Scoop $600 in Rewards From their Reward Hub
This derivative platform came into the picture in the year 2018. Here investors can invest with coins like BTC, ETH, and Ripple. If you are looking for a bonus from an exchange platform, you can choose their platform for big wins. Clients have a chance to grab a $600 bonus from Bybit.com via simplified steps. By the automatic application, a referral code will be present. You can, therefore, create an account with the platform. Alternatively, follow this link. It will provide additional information on their bonus program.
Earning a maximum of $600 bonus with Bybit.com is possible through the completion of easy tasks. They only require you to create an account, then complete the simple tasks in order to claim your rewards. It’s just for you, from them.
September 22, 2021
Comments Off on Dirty Online romance: crypto criminals trade ‘love’ for money
Criminals are making it harder over the internet space. Scamming is now tied with romance. This is especially when carrying out fraudulent digital currency schemes.
Search for ‘Help’
Researchers are touting individual isolation like a “behavioral epidemic.” Individuals in loneliness are turning to technology. They are searching for help. The figures are growing huge. In 2020, there were 1.4k platforms dedicated to dating activities. Dating applications have seen a huge growth ever since.
The technological world is a brand-new dating site. Scamming groups have taken advantage of development. Hannah Hart, a virtual specialist, said something in this context. She says this could swiftly cause an escalation of online relationships.
Increasing Pattern of Romance Scams
FBI’s gave a warning of an increasing pattern of online employment linked to romance. This is a type of fraudulent activity. Also, this is taking place regularly. It is with much confidence and intensive persuasion. Victims get persuaded to trade in the digital currency business. This later diverts them to romance scams. In June-July, the FBI Internet Crime Complaint Center got at least 1.8k cases linked to the online scams. These scams led to the loss of over 130M dollars in the United States alone.
The reports from IC3 say that threat players usually take it slow. This happens when they first start an online relationship. It’s a sluggish burn creating an environment of trust. However, later it turns abusive. After winning confidence, they move to the next step of boasting this. Victims enroll for quick profits. Mostly when they are not careful and attentive to learn the hidden tricks. Any victim is usually channeled to a fraudulent platform. These hold fake information. One may not know at first sight. Until it doesn’t work out as anticipated. These websites are uniquely established to resemble a trading portfolio. Victims are also welcomed with several numbers. Many graphical components reveal the accumulation of profits. From the same sites, victims are also allowed to make withdrawals of some “profits.’
Extra Charges and Rules from Nowhere
Initial withdraws of ‘profits will always make one invest more. That’s where most newbies are finding themselves. After withdrawing successfully, scammers post-romantic interests. This encourages victims for more trade. This time around, they give victims a romantic prompt to act quickly. These profits need fast actions. Next, the online relationship takes another direction. This is when an individual tries to make more withdrawals. Popping unreasonably, extra charges appear from nowhere. On top of that, you see new policies having maximum withdrawal amounts. People are milked in broad daylight.
The FBI agency is now warning individuals of sending funds or even trading with such sites. They want users to stay away from sites they aren’t clear in what they do. People should refrain from spiced sites since most of them are traps on standby.
September 18, 2021
Comments Off on What’s is the meaning of coin Flippening?
There are many terms used to refer to deals or transactions in the crypto space. Flippening means – a most likely future experience when Ether wins over Bitcoin. This is in terms of the coin value and capitalization in the marketplace.
None Seems Competitive
Since 2009, Bitcoin has held the first position of most valued digital coin globally. There are other virtual coins in the space but none of them seems competitive. In the year 2017, BTC capitalization in the marketplace garnered.
It has at least 86 percent of the market capital. Since 2017, the BTC unit has increased causing a fall in its market share. The current levels are below 60%. Simultaneously, several other digital currencies have entered the space.
Currencies like Ether have increasingly gained a share in the marketplace. We have various metrics useful in measuring the importance of crypto. The value of any digital currency is measurable. Most individuals mention ‘coin Flippening’ as an occurrence. And they normally point at Ether winning over BTC. This is especially in the issues of value and capitalization.
Possible Causes of Coin Flippening
The cap (capitalization) in the market of any digital currency has a loose definition. It is eventually caused by its circulating distribution. This distribution or simply supply is usually multiplied by the real-time market price.
It’s so, even though several measures don’t necessarily consider coins. This is the case even for the missing tokens. Presently, BTC is at the top. That is the case, especially when looking at market capitalization. Behind it, we have Ethereum which may achieve the coin Flippening aspect someday.
But what would trigger coin Flippening in the current world of cryptocurrencies? Yes, Bitcoin is a popular coin today going by the market value. Its dominating power decreased significantly in recent times.
The decrease was much seen around June and July 2017 as well as in the first months of 2018. Within this season, most Ether fans hoped to see a game-changing event. There were huge speculations stating bigger flexibility. The capacity to create smart contracts may trigger Ether over BTC in their positions. The expected Flippening never happened and still doesn’t seem to happen very soon.
Ether Still Tracing BTC
It is evident that BTC is the leading coin in the marketplace. But, the coin’s grip on the digital currency is losing significantly. This opens a prime opportunity for Ether to rise to the extreme. Flippening will become true due to many factors.
This includes counts in transactions, trade volumes, counts in nodes. It also includes the Google search activities, market cap, and so on.
With Flippening evolving, a question on differences between Ethereum and BTC comes. What can one conclude about the future of blockchain technology? Ethereum and its blockchain technology have raised significantly. This is primarily in the aspects of value.
It also applies to other apps created on the Ethereum blockchain. Looking back a bit in the year 2020/21, Ether and Ethereum chain has been a story on the lead. This story may turn the tables very soon.
September 17, 2021
Comments Off on Fnatic and Crypto.com Strikes $15 million Partnership deal
A UK’s based Fnatic has shaken the crypto space with a crypto partnership deal. The deal is between Fnatic and Crypto.com. They are now the official world digital coin partner via the 15M partnership program.
It’s also the initial virtual coin deal in the space of e-sports. This becomes a beautiful big deal for the Fnatic partner’s cast. Fnatic has also partnered with entities such as the UFC, Lega Seri A as well as Formula One. Now, what is this partnership doing for the organization and its fans?
The deal is long-term and it amounts to at least 15M dollars. This will introduce digital currency options for transactions, especially for organization fans. Additionally, it will lead to Fnatic virtual products becoming available. Such products include the Non-Fungible Tokens. On top of that, the partnership deal will empower the marketing strategy. This is achievable through the unique branding on their jerseys. Fans shall also get some awards as well as perks. This will include several products in partnership with Crypto.com. This shall be available to crypto clients who normally buy Fnatic goods.
Leaders will Collaborate
It’s an ideal deal that shall grant the Crypto venture to interact with Fnatic fans from all corners of the world. This has been dearly enhanced by the presence of technology in the world today. The Chief Executive Officer to Fnatic, Sam Mathews said something positive. He said that the deal will help the world leaders to collaborate. The digital currency and e-sport leaders can team up for a unique long-term deal. Fnatic enjoys being among the most connected and strengthened audience base globally. The long-term deal with the Crypto organization will help on a daily run.
Today, digital currency has become a mainstream transaction technique. In fact, no better season to aid fans and make them creative and healthier than this time. This is the greatest time to future-proof digital currency decisions.
The Digital Currency Education and Financial Literacy
With more expectations, the Fnatic and Crypto deal can lead to several activations. This will be especially with the Fnatic e-sports groups. It shall comprise interactive storytelling Crypto stakeholders on board. This will help establish fun game content and branding of in-game physical experiences. This is beyond getting individuals into the digital coin expenditures. As part of its agenda, Fnatic will also give literacy lessons. This will be on finances and digital currency education to newbies.
The CEO and co-founder of Crypto.com, Marszalek Kris was in favor of this. He said that they are happier to introduce a complete integration deal with Fnatic. Now, this leads to another step in the whole industry. The Crypto players have emerged victorious in more than 200 championships held so far. They have in the rightful manner established themselves as e-sport leaders. Now, this becomes a big initiative to get the world presence such as Crypto.com in the partnership deal.
September 8, 2021
Comments Off on Tesla’s CEO Change of Mind Fails to Apply Brakes on Bitcoin’s Bull Run
By September fifth, BTC (Bitcoin) had closed with at least 51,000 dollars. This was after going beyond the do-or-die 51,000 dollars resistance threshold.
How it Started
Bitcoin is a cryptocurrency that has been dominating the crypto space for years. Recently, it hit its highest mark four months ago. This is when Tesla’s Chief Executive Officer, Elon Musk, went ahead. After which he made the legendary announcement of BTC payment suspension. The e-car company did away with Bitcoin transactions due to some environmental issues.
According to a tweet on Elon’s Twitter account on May 13th, he said that motor purchase deals got suspended. He cited concerns about the rapid increase of fossil fuel usage. He especially kept on dealing with BTC mines and transactions. Digital currency is an awesome ideology in most cases since it’s promising. He added to say that digital transactions can’t pop in with huge costs to the environment. It was clear enough that the e-car company wasn’t ready to get involved any time soon. In fact, the company was looking forward to employing less than 1 % of BTC’s power for each transaction.
Above 14 % in 24 Hours
Bitcoin’s pricing dived at least 14% in one day. This notable change followed after the announcement which came with much flak. Stuff got worse for the cryptocurrency as a result of Tesla’s influence. Along with that the ongoing crackdown in various countries like China. The dominant digital currency was able to talk about forty percent within 7 days. This resulted in an ultimate bottom of 30,000 dollars. In the month of June 2021, BTC ultimately bottomed at least 28,500 dollars. In the month of July, things started to take a different turn. The popular digital currency marked a score of ten consecutive green candles in 9 days.
BTC has been able to cut through the 51,000 dollars mark. It remains unpredictable whether bulls will be able to turn the resistance into a boost.
Musk is a BTC Supporter
Most people may think that Tesla is showing irrelevancy in the crypto space. Elon may become somewhat responsible especially in the current recovery process. Elon had made a reaffirmation of his Bitcoin’s support during the ‘The B Word’ event. He showed interest in owning 3 cryptocurrencies, that is, the BTC, Ether, and Dogecoin.
He wasn’t ready to dump BTC since he desired to see the digital currency succeed in the coming days. In one of his statements, Elon cited that the BTC pricing may pull down resulting in his financial loss. He added that he may pump money into the crypto business but he isn’t ready to dump it. Some reports stated that Tesla was more likely to restore its crypto plans. And sooner or later the company is likely to accept the Bitcoin payments.
September 7, 2021
Comments Off on Cardano (ADA) receives Criticism as Clients get errors on Token Swaps
Cardano released an announcement recently that supports the long waited smart contracts. It’s a report that caused a surge in ADA pricing which hit at least three dollars. This pricing caused an all-time high.
Recently, a notable hitch occurred during token swaps and liquidity provisions. Anthony Sassano, a co-founder at ETHhub, highlighted a related issue. These errors were the first DApp that showed live on Cardano. Anthony went on to share some screenshots that highlighted these errors on Reddit. He went on to say that fanboys have now discovered that one cannot review the way out of basic matters.
There were quite a number of replies that revealed users’ disappointments. Some noted difficulties attached with swapping tokens. For instance, transaction fail messages due to blocks using several resources. Clients had to wait 20 to 40 seconds in order to retry the process. Others protested over the public test phase which was only a few hours away. Several other networks had already gone ahead to perform the public test.
For effectiveness and efficiency, applications should go through the test phase. The complexity aspect is usually very high especially when it comes to huge projects. As a result, more issues and errors arise when you test software. This may take some time before getting a suitable architecture.
‘One Transaction per Block’
There was a misconception related to Cardano. The network accommodating a single transaction for a given block. This means a client was only supposed to make interactions with a smart contract for a given block. The only unique method to manage the whole issue was via centralization.
There were many where great discussions after news sprung out in the marketplace. Later on, SundaeSwap provided quite an interesting explanation. This was in relation to how UTXO is normally employed on Cardano blocks. The UTXO prototype only supports hundreds of transactions for a given block. Furthermore, the revelation was compelling. They cleared that each smart contract has the capacity to control numerous UXTOS. As a result, centralization wasn’t an approach to deal with difficulties from the network.
The IOHK parent firm defended the matter citing the origin of the article by SundaeSweep. The IOHK realized that Cardano is an Unspent Transaction Output block. Due to which has a distinct pattern on the DApp.
From their tweet, IOHK explained that Cardano employs the eUTxO. As it is simply an extended prototype. The prototype offered higher security which allows ‘a no nasty surprise’. Again, the model gives stronger parallelism. They also added that a DApp isn’t limited to a single transaction for a given blockchain. Suppose one designs a service or software using numerous UTxO’s. It gives a powerful parallelization. IOHK offers more reports in the course of this week to explain why a technical prototype is a better option.
September 4, 2021
Comments Off on What are blue-chip cryptocurrencies?
Blue-chip is a term mostly used by companies to point at their financial stability. This comes with profit-making mechanisms even in seasons of economic depression. In the crypto world, the term blue chip refers to the blockchain and related virtual coins.
The Ordinary and Defi Coins
The virtual currencies come with over 2B dollars market capitalization. Being reliable and dominant are aspects accounting for the Blue-Chip state. For example, the BTC (Bitcoin) reached its tenth year in 2019, since its launch, with a mark of 300B dollars. Bitcoin is the firstborn of all cryptocurrencies. It has continued to dominate the crypto space up to date.
Referring to the crypto blue chips, there is a difference between normal finance and Defi. Both of these protocols use a blockchain framework. The usual types are Pioneer currencies. Defi currencies with high storage of value are currently on the spot. They are also rumored to surpass the former currencies.
There are at least 17 digital currencies in the marketplace that fit this blue-chip tag. According to crypto popularity, Bitcoin is currently in the first seat. It is further followed by Ether and then Litecoin currencies. These currencies are offering the best in the entire crypto economic system.
The Bitcoin (BTC)
This was the first digital currency to enter the crypto world. The introduction was as the initial finance framework in the year 2009. Initially, it was the easiest form of blockchain activity. Today, cryptocurrencies are at their strongest. Therefore, becoming the golden standard in the crypto space. Clients with Bitcoin use personalized banks driven by a private key. Users can transfer or receive Bitcoin values while enjoying its simplicity. As Bitcoin dominates, additional decentralized projects may generate notable chains. Users might be able to notice this on the BTC platform.
It’s a blockchain open to the public. Ether came in the year 2014. Therefore, emerging to be the initial development technology. After BTC which has a market cap of at least 314B dollars, ETH follows with a market cap of 58B dollars. Users to Ether can send and receive virtual assets over the network. Ether has pretty exchange mechanisms. This is so especially when it comes to smart contracts as well as the Ethereum Virtual Machines (EVM). It is also an open-source technology. Ether also provides a room for housing several decentralized applications. In reality, Bitcoin has a huger market cap and rumors are that Ethereum might lead in the near future. Ether has several investments courtesy of blue-chip companies such as Microsoft.
The Decentralized Finance Blue Chips
Defi is interrupting the virtual currency space. There are many newly established upcoming apps. They are coming up to provide financial answers via smart contacts without brokerage. This has really enabled Defi to sell in the marketplace in the best way possible. In this case, several coins like LINK (Chainlink), and Wrapped BTC belong to the blue-chip Defi coins. They both have a market cap of at least 1B dollars each.
September 3, 2021
Comments Off on MetaMask Jubilates 10M MAU’s (Monthly Active Users)
MetaMask, a virtual coin wallet revealed its mark of at least 10M active clients. According to the company, this is nineteen times the growth experienced in July last year. The monthly active users (MAU) rose up to 1.8k percent in one year.
MetaMask Strikes At least 10M Users
It’s with no doubt that MetaMask is gaining prominence in this season. MetaMask is a prominent Ether blockchain. It has compatibility with technology frameworks such as the Polygon, and many more. It’s a platform that gives clients an opportunity to explore blockchain apps within a short time. With over ten million users now, MetaMask recently revealed its active user count. They said that its site had accommodated over 500,000 monthly active users by July last year. By April this year, the platform had surpassed the 3 M mark of monthly active users. Today, at least 10.3 million users are on board causing a 1,800 % increase since July last year.
The Key Drivers to MetaMask Growth
In their description, MetaMask stakeholders gave some critical drivers towards the application growth. The platform is highly considered as the ‘major way’ for international Defi users. They use it to mingle with around 17,000 special domains. Furthermore, the site is a gateway to an increasing framework of NFT’s. These are digital assets that have impacted the globe in a great way.
Another factor influencing the high number of active users is the token swap aspect. Additionally, the mobile application also offered a trigger to the blockchain wallet. This addition happened in September last year. In their statement, the platform revealed the importance of their mobile app. They said their mobile version contributed to enrolling new users in their network. In fact, these users originate from distinct regions like China, Indonesia, and Brazil.
Top 15 MetaMask Countries
Last month, MetaMask had a tangible record of influence in fifteen countries. Some of these nations include the USA, UK, Russia, Thailand, France, and Spain. The platform couldn’t hide its joy because of such tremendous growth globally. For more user experience, the platform is set to partner with Decentraland. This partnership is going to occur this month for extended celebrations. Decentraland is another crypto-related platform. It also helps users create, explore and invest virtually. Clients use it to trade land and real estate in their decentralized marketplace.
MetaMask New Definition of Virtual Wallet
MetaMask released a definition of a brand-new type of virtual currency wallet. This innovation allows active users to mingle with digital currencies and decentralized software. The platform is however causing these types of apps to be more secure and flexible. The co-founder of MetaMask said they provide methods of introducing trust among people.
MetaMask continues to provide an important asset for blockchain newbies. It is also used by NFT investors, crypto gamers, and developers. More users are sliding towards the internet for downloads. The count has already reached millions. The community revolving around the platform continues to empower the site. They are regularly accompanied by many contributions from their resources.