Day: November 6, 2021

Crypto Exchange Binance Launches Support for Altcoin DeFi Project, Triggering Volatile Price Movements

An altcoin designed for decentralized finance (DeFi) surged 56% to a new all-time high after it launched on popular crypto exchange platform Binance. Binance says it is launching support for Rari Governance Token (RGT), the Ethereum-based governance token of Rari Capital, a DeFi platform allowing participants to borrow, lend and earn yields on cryptocurrencies. RGT’s price spiked from $41.17 to a new all-time high of $64.42 within hours after the listing. The coin has retraced since and is exchanging hands at $43.73 at time of writing, a 33% decrease from…

Reddit to reportedly tokenize karma points and onboard 500M new users

American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported in July 2021, the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points, named Community Points. According to the website: “Your Community Points exist on the blockchain, independently of Reddit,…

Digital Asset Manager Bakkt Reveals Plans to Provide Ethereum Services – Bitcoin News

On November 5, Bakkt Holdings announced that the firm will soon let customers buy, sell, and store ethereum after offering bitcoin only since the company’s launch. The firm notes that adding ethereum comes at a time when digital currency interest and adoption continue to see significant growth. Bakkt Announces Ethereum Support Bakkt (NYSE: BKKT) has announced the company will “soon” offer ethereum (ETH) in addition to offering bitcoin (BTC). The digital asset manager listed on the New York Stock Exchange (NYSE), as a subsidiary of Intercontinental Exchange (ICE), started offering…

10/16/21 Part 2 – ETHEREUM TODAY – ETHEREUM TECHNICAL ANALYSIS – ETHEREUM PRICE PREDICTION

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An inside look at the moral and technical considerations of crypto social media

Following Vitalik Buterin’s call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical implications of creating truly decentralized social networks that abide by Web 3.0 principles extend far beyond what the idea of “decentralized Twitter” currently encompasses.  Beyond mere decentralization, there are four key themes central to the idea of crypto social development:…

Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked – Fintech Bitcoin News

While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDC’s Chaotic Start This assertion as well as the e-naira app’s brief removal from Google Play Store appears to lend credence to claims the CBN may have rushed to launch what is in fact Africa’s first CBDC. Although a report by the Punch newspaper suggests that the CBN is now working towards the release…

Explain Crypto To COMPLETE Beginners: My Guide!!👨‍🏫

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The Navajo Nation Is Mining Bitcoin With Sustainable Energy. Here’s How

The Navajo Nation’s Bitcoin story might be the most wholesome of the last few months. The mine isn’t only providing employment within the reservation, it’s helping them transition from providing coal-powered energy to renewables. Another case study that proves Bitcoin incentivizes and funds green energy. Another story of Bitcoin helping the disenfranchised people of the world to find their footing. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course How disenfranchised are the Navajo? “The Federal Government took away all the land rights away…