Day: December 30, 2021

The Psychology of Meme Coins, From Actual Investors

The term “meme” comes from Richard Dawkins’ 1976 book “The Selfish Gene.” A genetic meme, as described by Dawkins, is a gene that copies itself and proliferates throughout the species by way of Darwinian natural selection. A cultural meme is, similarly, a behavior or idea that spreads throughout a culture even faster. If I share a joke with you and you share it with your friends, we create a ripple effect until the joke is known on a collective level, changing the species forever. Source

Mexico confirms plans to roll out CBDCs in 2024

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Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday. The tweet by an account representing the Mexican presidency highlighted that “new technologies and next-generation payment infrastructure” will help Mexico become more financially inclusive. El @Banxico informa que hacia 2024 tendrá una moneda digital propia en circulación, por considerar de suma importancia estas nuevas tecnologías y la infraestructura de pagos de última generación como opciones de gran valor para avanzar en la inclusión financiera en el…

Bitcoin ‘died’ 45 times in 2021 as media still eager to post BTC obituaries

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As Bitcoin (BTC) was hitting new historical highs above $68,000 this year, global cryptocurrency naysayers were increasingly blasting BTC for its extreme volatility and potential risks. According to Bitcoin Obituaries data by Bitcoin education portal 99Bitcoins, the original cryptocurrency was declared “dead” as many as 45 times in 2021, which is at least three times more than in 2020. Despite the growing number of Bitcoin critics in 2021, the number of obituaries is still significantly less this year than was recorded in 2017, the year when BTC first reached close…

Cardano vs. Ethereum: Can Ada Solve Ether’s Problems?

Cardano is a decentralized, open-source blockchain network that launched in September 2017. Like Ethereum, Cardano supports smart contract functionality (self executing computer programs) but plans to take them to the next level by ensuring higher speeds and broader interoperability. The hope is it will make them more functional and accessible than Ethereum smart contracts so that anyone – not just developers – can create their own decentralized applications. Despite the project still being in development, Cardano is frequently touted as an “Ethereum killer” because it seeks to improve upon the…

Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity – Mining Bitcoin News

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Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint Digital Coins Using Renewable Energy Regulated companies mining cryptocurrency in Iran will gain access to green energy, local media reported. The Ministry of Energy in Tehran has adopted new rules allowing plants generating electricity from renewable sources to supply coin minting enterprises that operate within the…

Plutus: ADALend’s Decentralized Application Backend

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Plutus Application Backend (PAB) provides developers with a quick way to create decentralized financial applications. Plutus will make it easy to focus on the frontend and business logic of your application. By taking care of the backend infrastructure, Plutus frees up developers’ time to focus on application development. This is possible thanks to the features of Plutus Core which provide the building blocks for decentralized applications. Plutus, a platform that provides a native smart contract language as well as the infrastructure and tools required to implement smart contracts on Cardano,…

Santo Blockchain to deliver 50 Bitcoin ATMs to Panama

Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022. A vertically integrated blockchain and cryptocurrency company with offices in Saigon, Vietnam and Panama City, Santo Blockchain will invest a total of $1 million into Latin America in general next year as part of its 300 Bitcoin ATM plan. Santo Blockchain announced Panama would be the first country to…

Algorand Surges as Foundation Incentivizes DeFi Activity on Algofi

From January, users of Algofi will algorithmically earn ALGO rewards when they borrow and lend ALGO and the dollar-pegged stablecoins AlgoStable (STBL) and USD Coin (USDC). Tokens will also be rewarded to users of goBTC and goETH, representations of bitcoin (BTC) and ether (ETH) on the Algorand network, respectively, if they stake the assets on AlgoFi. Source