Day: April 7, 2022

Coinbase Triggers Altcoin Rally As ‘World’s Lightest Blockchain’ Hits Top Crypto Exchange

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Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay. News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase. According to the crypto project’s website, MINA’s small size allows anyone to connect to the internet using their smartphone to validate the blockchain’s transactions. Mina protocol uses zero-knowledge (ZK) proofs to secure user data while executing smart contracts. ZK proofs allow…

Bitcoin Falls As FED Gets Hawkish, Why This Could Be A Dip Opportunity

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Bitcoin records a 7% drop in the last week as yesterday’s Federal Open Market Committee (FOMC) hints at a more aggressive U.S. Federal Reserve. As investors reacted to a tougher monetary policy, selling pressure rejected BTC’s price from the mid area around its current levels. Related Reading | The Bitcoin Resistance Level That Just Won’t Budge At the time of writing, Bitcoin trades at $43,400 with a 3% loss in 24-hours and with potential to re-test more areas of support. BTC trading in a range since the start of 2022…

Celebrity NFTs – What Do They Actually Achieve?

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More and more celebrities are joining in on buying and creating NFTs. But where can you actually buy a celebrity NFT? And what does it achieve? During your morning social media scroll, you may have noticed, among all the selfies and vacation photos, the messages from celebrities endorsing NFTs. NFTs are assets on the blockchain that are unique thanks to their identifying information recorded in smart contracts. Creators may tokenize anything from music and photographs to videos or illustrations using NFTs. Most of the discord surrounding NFTs goes down on…

Vitalik Buterin quietly donates $5M ETH to aid Ukraine as total tracked crypto donations reach $133M

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As told by Aid for Ukraine, a joint initiative created by the Ukrainian government, FTX, Everstake and Kuna to rally crypto donations for the country, Ethereum (ETH) co-founder Vitalik Buterin made $5 million worth of ETH donations to Ukraine in early April. According to the entity, despite the large donation sum, Buterin did not make an announcement regarding the transaction. It was eventually linked to him via the Ethereum Name Service domain name “vitalik.eth,” which served as the origin of the transfer. .@VitalikButerin donated almost $2.5M in $ETH to @_AidForUkraine…

ETC Biggest Gainer in Top 30 on Thursday, ZEC Also Rises – Market Updates Bitcoin News

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Ethereum classic was easily the biggest gainer in the top 30 on Thursday, as the global crypto market was trading 0.9% lower as of writing. ZEC was also higher on the day, in what was a choppy session, as volatility remained higher, following a recent decline in prices. Ethereum Classic (ETC) Ethereum classic (ETC) was one of the only cryptocurrencies in the top 30 to climb on Thursday, following a turbulent market session. Following a low of $38.40 on Wednesday, ETC/USD rallied to a peak of $43.11 during today’s session.…

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Look Beyond the Hype: Blockchain Segments Delivering Real Value Even in Bear Markets

There is no doubt that there are many short-term gains that can be generated by meme-based or hype-based crypto tokens and assets. However, over the long run, as the saying goes, “Only the relevant survive.” As the market matures and blockchain and crypto technologies gain mainstream adoption, we are no longer looking for the next X100 growth token. Instead, the smart money is flowing into a broad range of segments that are delivering real value in the crypto space. This ideal is as true for the crypto and blockchain spaces…