Web icon An illustration of a computer application window Wayback Machine Texts icon An illustration of an open book. Books Video icon An illustration of two cells of a film strip. Video Audio icon An illustration of an audio speaker. Audio Software icon An illustration of a 3. Software Images icon An illustration of two photographs. I watched my sons grow up playing Super Mario and the latest and greatest Xbox and other games. Pacman and Asteroids anymore. Bitcoin mining struck me as a video game where mining was the game, and the reward was the tokens.
Like those arcade tokens of my youth, I thought they would never purchase anything of meaning. Turns out I was dead wrong. Maybe I am old school, but my initial reaction to the Metaverse is the same.
Real life is wonderful; I do not need to live mine in some virtual reality inside the internet. Still, fintech is the future. I have no doubt about that fact. Blockchain technology has changed everything as it reflects the necessary evolution of business.
Cryptocurrencies are flourishing because the faith and credit of governments that issue money or legal tender have deteriorated. Individuals are collectively looking for alternatives that return the power of money to the masses.
Cryptos embody the wisdom of the crowd, and their ascent is proof that fintech, and means of exchange that transcend borders and government control, are the future.
In that regard, Bitcoin is the leader of the crypto pack. Some call cryptos dangerous, others say they are a bubble. However, most of the digital token's opponents have a vested interest in maintaining the status quo. The crowd continues to push Bitcoin higher. The trend of increasing value is the wisdom of the crowd. They went through a pair of World Wars and a Great Depression. They saw radio and TV burst on the scene, replacing newspapers and word of mouth communication of the latest events.
The transformation was astonishing for those born in the late s and very early s. When I was a young boy, there were only a handful of TV stations. Today, there are thousands. My car starts with the push of a button.
There have been too many technological advances over the past decades to even think about mentioning them. Humans have a natural aversion to change, but technology has improved our lives, making them more efficient and easier. I remain comfortable with reality. Fantasy may have its place, but I am concerned that it may make many people live in a different reality, one that will impact socialization, interpersonal relationships, potentially even other factors.
Still, I learned a lesson from cryptocurrencies, so I'm reluctant to dismiss the potential for the Metaverse. However, reality versus fantasy is a complex issue that will likely change our lives, albeit in ways not yet determined. Technology companies stand to make lots of money as the Metaverse takes hold. My question is, at what cost to users? Bitcoin price came off the new all-time highs the most, whilst Ethereum and XRP kept their price corrections a bit more controlled. The way things are looking, global market sentiment will dictate ….
The way things are looking, global market sentiment will dictate if Ethereum is the next cryptocurrency to make new all-time highs as Bitcoin price has faded a bit too much by now. XRP price keeps lagging but sees more buy-side volume added to the momentum, so the catchup has begun. Bitcoin price is blowing off some steam as bulls book some profits Bitcoin BTC price has been fading since the cryptocurrency hit all-time highs on October In the first phase, the monthly R2 resistance level held throughout the weekend but then gave way on Wednesday, as global markets came off their highs as well.
With markets on the back foot a little bit, expect volume and volatility to die down somewhat. BTC price bulls will want to wait before picking up more Bitcoins. Around that level, fresh buyers should eagerly start to repurchase Bitcoin and ramp the price back up above the monthly R2. Once above that, new all-time highs are not far away, especially if global markets are back on the front foot and provide favorable tailwinds. If earnings start to depress market sentiment further, expect more and more bulls to take profit and see Bitcoin price fade further.
But at the same time, this should attract plenty of buyers and keep the BTC price from correcting further, as quite a lot of support levels, moving averages, and pivots are present in this area. It remains contained, however, and the monthly R1 resistance level has yet to be tested. Bulls look to keep the uptrend and momentum going, allowing a small correction window but keeping ETH price action under pressure.
ETH price enjoys quite some support from the monthly R1 and the descending red top line, which should provide enough support for a bounce-off. ETH price could come under more fire if global markets start to correct even further and the VIX volatility gauge starts to make higher peaks. Expect cryptocurrencies like Ethereum to be the first on the chopping block in portfolio reshuffles. Ripple XRP price saw a pennant formation complete on Wednesday with a bearish outbreak.
With global markets on the back foot yesterday, bears had the support of global sentiment. In that bearish outbreak, bears got quickly rejected on the blue descending trend line that has been exceptionally well respected since August With this move, bears are getting hurt quite severely and look to have stepped into a bear trap. With market sentiment in doubt as to whether it will go risk-on or risk-off, expect markets to quickly steamroll buyers out of their positions in the event of a return to risk-off, and see XRP price to fall back on that blue descending trend line again.
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XLM price has been trading under a stiff resistance barrier for roughly nearly three months. However, the recent run-up suggests that Stellar is ready to take on this barrier. Doing so will catalyze a massive bull run, propelling the altcoin higher.
Goldman Sachs analysts have predicted that the Ethereum price would break out within the next two months. Axie has become the single most valuable collection of NFTs. Bitcoin price dipped below a crucial psychological level on the first day of November, but the recovery seems to be going well. While a short-term bounce to collect liquidity seems plausible, the mid-term outlook for the big crypto and crypto markets seems to be hedged on a downswing that will help form a base for the upcoming rally.
Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.
Disclaimer: The text below is an advertorial article that was not written by Cryptonews. Wherever you are, you see it, feel it …. Wherever you are, you see it, feel it and use it. The amount of responsibility that is held is incomparable.
With all that responsibility, numerous issues have been cropping up. Right from privacy to authenticity, the entire social media model is flawed. Some of the prime problems that exist today are:. Content creation, which social media is all about, is the driver that keeps interested parties tied to their platforms of choice. The cash generated from centralised social media platforms ads is not shared with content creators or their followers.
Actually, the incentive mechanisms are either non-existent or insignificant. Users of centralised social media networks have little or no control over how their data is used. In most situations, the information is sent into algorithms that help advertisers target a specific individual. The authenticity of millions of accounts on numerous major social media platforms has been undermined.
This also implies that advertisers effectively waste hundreds of millions, if not billions, of cash by not allowing valid perusal. Numerous incidents of centralised social media systems being hacked and user data being damaged or disseminated outside of permissions agreements have occurred throughout the years.
Unfortunately, there is a dark side to everything that technology has to offer. Bullying is not a new notion, but social media and technology have elevated it to new heights. Cyberbullying has become a more persistent and an ever-present threat. All of these factors draw down to instil a sense of fear, lack of self-esteem, and poor mental health.
With these growing concerns, there ought to be a solution to eradicate these problems and rebrand social media as a safe space. Platforms like The LoveChain aim to resolve these pressing issues. The LoveChain is a component of that fragmentation. They propose a one-of-a-kind social media service that blends the topic of love into a social community, as Love is the most popular hashtag.
Users can develop content and complete profiles of the people and things they care about using the website. Additionally, the usage of Blockchain technology provides each user with a unique cryptographic number that serves as their digital address.
Users can also take ownership of their data using Blockchain technology. Being built on the Algorand Blockchain, users also have the ability to create NFTs Non Fungible Tokens from the content they create and post making The LoveChain the first social media in the World to offer such a feature. The LoveChain team has put together a unique social media application that delivers a unique offering that they promise will become one of the most popular platforms in the ever-growing social media environment in the spirit of love and blockchain technology.
For more information on how The LoveChain is solving problems with social media by using blockchain technology follow them at linktr.
Payment giant MoneyGram International continues to cement its partnership with the Stellar ecosystem. Via an official post, the company announced a new stage for its collaboration by deploying a …. Via an official post, the company announced a new stage for its collaboration by deploying a live cash-in and cash-out pilot initiative in the United States.
After ending its relationship with payment solution company Ripple due to the U. Play Now! As of now, participants in the U. The official post claims:. In that way, the company believes that consumers will be able to benefit from an increase in payment efficiency, less risk, and a speed-up fund collection.
Unlike its competitor, MoneyGram believes that cash money will be a part of the future as a tool for the unbaked. In that sense, they attempt to create alternatives to cash and expand the access to financial opportunities to everyone. Expected to be publicly available in , Jake Urban, Senior Software Engineer at the Stellar Development Foundation made a step-by-step demonstration on how users can exchange and send money via the MoneyGram solution, as seen in the video below.
The company said:. By integrating with Stellar, MoneyGram is offering its millions of users a local fiat entry into blockchain, providing those in emerging markets easier access to digital assets than ever before. Could you be next big winner? To alter this perception, many enthusiasts …. To alter this perception, many enthusiasts have been educating both communities and politicians to foster the wider acceptance of cryptos. It is not always an easy task, admitted Bitcoin Core Contributor Jimmy Song in a recent podcast, adding that an explanation is generally met with a lot of excitement.
This is one factor that differentiates the king coin from other blockchains, said Song, explaining,. Song also took a shot at meme-coins like Dogecoin and Shiba Inu, both of which have seen significant price appreciation on the back of community and social media hype. Criticizing blockchains companies for using marketing to pump their tokens, most of which have no fundamentals, he claimed,. The programmer went on to argue that good investments in worthy companies lead to the production of efficient products and services, furthering civilizations.
Its most recent pump was triggered by a petition for listing on Robinhood. In fact, currently, it is the most popular petition on change. Anjali is a full-time journalist at AMBCrypto. With a strong background in humanities, her personal inclination lies towards the political and socio-economic aspects of the crypto-sphere. Cardano will strive to become an Ethereum contender if the upcoming Alonzo update lives up to the expectations of being a game-changer.
Cardano ADA has risen to become one of the top 10 cryptocurrencies in the world by market capitalization in a short time span. The scalability phase of the Cardano roadmap is coming up next, following the completion of the Goguen update. This phase is named Basho, after the 17th-century Japanese haiku master. On April 1, Cardano released the Deadalus update, which ushered in support for native tokens on the Cardano blockchain, along with the Project Catalyst Fund3 voting registration, effectively beginning the countdown to Cardano becoming an entirely decentralized blockchain.
This countdown has since reached its fruition. Cointelegraph discussed more on the Deadalus update with a representative of the Cardano Foundation. On its official website, Cardano claims that this decentralization event makes it one of the most decentralized blockchains in the world. The upgrade will bring smart contract functionality to the blockchain.
The development of this upgrade is enabled by the Plutus platform, which brings a native smart contract language to users of the Cardano blockchain as mentioned in an IOHK blog about Plutus.
Before the Deadalus update, Cardano went through its Mary hard fork, which introduced tokens to the Cardano unspent transaction output set that allows custom tokens and nonfungible tokens to be processed by miners with the same cost efficiency as the native coin of the blockchain network, ADA. Furthermore, Cardano developers have even found a way to mint and sell NFT collectibles without smart contract functionality. Cointelegraph discussed with Johannes Jensen, product and project manager of eToroX — a digital asset platform.
He said:. If we use the DeFi summer of as a gauge for this year, the DeFi markets will probably grow to new highs in In fact, the one-year gains for ADA currently stand at 3, Since the beginning of this year, the TVL has grown nearly four times, at the time of writing.
This period has marked immense growth for this sub-sector of the cryptocurrency market. However, most DeFi protocols currently in existence are built on the Ethereum blockchain. Ethereum has also onboarded the development teams of top DeFi protocols such as Uniswap, Yearn.
With its use cases and the incoming Alonzo update bringing smart contract functionality, Cardano is well-positioned to become a DeFi alternative platform to Ethereum. In addition to expanding its footprint in the DeFi markets, Cardano is making efforts to improve blockchain adoption in markets such as South America, Africa and Southeast Asia.
Cardano is working with Emurgo, an emerging market consultancy, to achieve this goal. Here, Jensen said:. Cardano already has use cases in the supply chain domain. Allen Hoskins. Explore Wikis Community Central. Register Don't have an account? View source. History Talk 0. The set is restored, uncut and remastered edition of the original.
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