Month: January 2022

What Is Ethereum? – CryptoX

Ethereum is a blockchain-based software platform that is primarily used to support the world’s second-largest cryptocurrency by market capitalization after Bitcoin. Like other cryptocurrencies, Ethereum can be used for sending and receiving value globally and without a third party watching or stepping in unexpectedly. Value exchange is the main use case of the Ethereum blockchain today, often via the blockchain’s native token, ether. But many of the developers are working on the cryptocurrency because of its long-term potential and the ambitious vision of its developers to use Ethereum to give…

Crypto News Roundup for Jan. 26, 2022

This episode is sponsored by Kava. Today’s Stories: Dogecoin Leads Gains in Major Cryptos Ahead of Fed Meeting Stock Futures Rise After a Rocky Week as Fed Rates Call Looms – WSJ Analysis: Investors Worry About a Hawkish Fed Hurting Growth, Even Theorize Over Next Recession | Reuters IMF Sees Supply-Chain Bottlenecks Slowing Global Growth in 2022 El Salvador to Discontinue Bitcoin’s Legal Tender Status Russia’s Finance Ministry Opposes Central Bank Call for Crypto Ban Inside the Company Building Japan’s Multistakeholder Digital Yen Cathie Wood’s Ark Invest Predicts Bitcoin Could…

Railgun Aims for Private DeFi With $10M Backing From DCG

“Through a collection of smart contracts that verify zero-knowledge proofs, the Railgun team has built a privacy system directly on Ethereum and other Layer-1 protocols, from which you can interact with decentralized exchanges, lending platforms, and popular smart contract applications,” Matt Beck, director of investments at DCG, said in a statement. “Railgun fills a clear gap in the market, and solves the privacy problem that everyone who uses crypto will come across.” Source

WICHTIGE KLAGE GEGEN DeFi & die Krypto Branche! Bitcoin mit MÖGLICHER TRENDWENDE in WENIGEN TAGEN?

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Valkyrie aims for ETF linked to Bitcoin mining firms on Nasdaq

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Crypto asset manager Valkyrie has filed an application with the United States Securities and Exchange Commission to trade an exchange-traded fund (ETF) with exposure to Bitcoin mining firms on the Nasdaq Stock Market. In a Wednesday SEC filing, Valkyrie said its Bitcoin Miners ETF will not invest directly in Bitcoin (BTC) but at least 80% of its net assets would offer exposure to the crypto asset through the securities of companies that “derive at least 50% of their revenue or profits” from BTC mining or providing hardware or software related…

ETH Nears 10% Gain, BTC Inches Toward $40,000 – Market Updates Bitcoin News

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Days after falling to a 6-month low, bitcoin rose for a second consecutive session, as prices slowly approached its key level of $40,000. Today’s gain in BTC comes as the global crypto market cap was 4.7% higher from yesterday’s session, as of writing. Bitcoin The world’s largest cryptocurrency hit an intraday high of $38,415.90 on Wednesday, which is its highest level in the last six sessions. Today’s move comes as the 14-day RSI on BTC/USD broke out of its recent resistance level of 30, which typically signifies prices being oversold,…

How Bitcoin Contributions Funded a $1.4M Solar Installation in Zimbabwe

And there are other virtuous elements in this circle, such as the hardening of energy security, reliability and access in these emerging markets, said Cambridge. The Zimbabwe project has a battery storage element in case of any vagaries relating to the national grid, while South Africa, where many of the platform’s solar projects are based, experiences periodic rolling blackouts. Source

Don’t Let Web 3 Repeat Web 2’s Mistakes

Crypto has undergone an impressive spate of growth recently. We’ve gone from a few hundred users of non-fungible tokens (NFT), a couple of thousand Ethereum node operators and maybe a multitude more of bitcoin holders to several million investors and users across the industry. It’s wonderful there’s an open online world where anyone can create, build and explore without permission. That value is being created, and freedom preserved. But there’s something being lost in the mix: privacy. Web 3, the buzzy corner of crypto that spans everything from play-to-earn gaming…

Why TVL Matters in DeFi: Total Value Locked Explained

A project’s TVL doesn’t only change when users make new deposits or withdraw their assets. It is constantly changing in line with the fluctuating dollar value of all those assets in the cryptocurrency market. Some or even all of a DeFi protocol’s deposits may be denominated in its native token. When its native token appreciates in value, the protocol’s TVL grows in tandem. Source

What Does It Mean to Burn Crypto?

The price of the token does not necessarily increase overnight when the burn takes place. Sometimes, other news about the token can overwhelm the impact. Alternatively, investors may know a token burn is going to happen and “price it in” at an earlier point. Even so, in the long run, burning tokens tend to support an asset’s price and is considered a positive move. Source