Month: April 2022

Learn the basics of smart contracts and how they work

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Cointelegraph’s Jackson DuMont tackles smart contracts in the latest episode of Cryptopedia. He explains how smart contracts work from the basics and provides examples of how they can be utilized in real-world scenarios.  DuMont describes smart contracts as code within the blockchain that “execute when specific conditions are met.” They are self-executing contracts built on blockchain technology and have the power to complete transactions without middlemen. As an example, DuMont explained the difference between transacting in a centralized exchange like Binance and doing the same transactions with a decentralized exchange…

World Economic Forum Shares a Video About Changing Bitcoin’s Code to Proof-of-Stake – Bitcoin News

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According to a World Economic Forum (WEF) tweet, a “change in the way bitcoin is coded could almost eliminate its environmental impact.” That statement stems from a tweet the WEF published on April 26, with an accompanying video that claims “miners could stake their own bitcoins to verify transactions.” WEF on Bitcoin’s Proof-of-Work: A ‘Basic Change in Coding” Could Eliminate ‘Most of the Network’s Energy Demands’ In recent times, there have been a lot of arguments about the energy consumption used by cryptocurrency miners and how it impacts the global…

Ethereum Whale Transactions Climb As Correlation With S&P 500 Continues

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Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. As a result, the token’s 40-day correlation coefficient with the S&P 500 reached 0.65. Despite the brake anxious investors have put on price activity in the past week, the Ethereum (ETH) price is poised to rise over the weekend. Although trading volume has increased over the last week, and thus should have resulted in more consistent fluctuations, price responsiveness has…

ឮតែ Bitcoin ឡើងថ្លៃ ឆ្ងល់ទេ អ្វីទៅជា Bitcoin?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin មួយកាក់ ៤ម៉ឺនដុល្លារ ឆ្ងល់ទេថា តើវាជាអ្វី? កើតចេញមកពីណា? ហេតុអ្វីបានថ្លៃម្លេះ? រាល់វីដេអូដែល​ផុសទាំងអស់នឹងជួយលោកអ្នកឲ្យមានគំនិតល្អៗច្រើន​នៅក្នុងការរកសុី!សូមតាមដានបន្ថែម​តាមរយះ www.business-cambodia.com, www.facebook.com/bizcambo ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Robinhood makes significant strides in crypto business in Q1 despite falling revenue

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On April 28, discount-brokerage platform Robinhood published its financial results for the first quarter of 2022. Year-over-year, the firm’s net revenue declined by 43% to $299 million. Specifically, revenue from cryptocurrency trading fell by 39% to $54 million during the same period. This was partly due to a decrease in the interest in meme stocks as well as an ongoing cryptocurrency bear market that dominated much of the first three months of the year. However, despite a decrease in sales, the company’s net cumulative funded accounts rose by 27% year-over-year…

Bitcoin Down as Market Braces for Fed’s 50 Basis Point Rate Hike

“The Fed’s response to COVID increased the money supply by over 40%, directly providing stimulus checks and indirectly growing capital reserves through quantitative easing,” IntoTheBlock’s research head Lucas Outumuro said. “Now that the ‘money printer’ is expected to slow down, markets have been anticipating a hangover from the excessive stimulus provided, weighing down on valuations of both stocks and crypto.” Source BasisBitcoinBracesFedsHikeMarketPointRate CryptoX Portal

NEXO up Nearly 50% After Binance Listing, While TRON Climbs to 1-Week High – Market Updates Bitcoin News

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NEXO was up by nearly 50% on Friday, as markets reacted to the news that Binance was listing the token on its platform. Today’s surge sent NEXO to a multi-week high, while TRON also moved higher, hitting a one week peak. NEXO Two weeks after announcing a partnership with Mastercard to launch the world’s first “crypto-backed” payment card, NEXO today achieved another milestone. Binance confirmed that it will be adding the token to its platform, and this news was well received by markets. NEXO/USD rose by nearly 50% during today’s…

3 Metrics to Analyze GameFi Projects

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Use data to determine the health and potential of new gaming projects. While the popularity of GameFi continues to grow, there are still relatively few genuinely fun games among the 1,322 in total. In many cases, it’s not enough to assess the potential of a project just by looking at screenshots or walkthroughs, because the playability of a game is a subjective point.  Instead, investors and analysts should go beyond the surface and consider the data behind a game. Here are three key metrics to look at when evaluating the…