Three ways blockchain disrupts traditional business models

An essential component in business is adapting to technological trends and providing the best possible services for customers. This is known as providing a customer-centric experience. Examples of adapting technology and focusing on customer-centric experiences are shown through Walmart and Amazon. These businesses traded at $400B (Walmart) and $24B (Amazon) as of 2010. As e-commerce and digital technology grew, the revenue of Walmart grew to $576B and Amazon $477B in March and April 2022. However, as with e-commerce improving traditional business, cryptocurrency and blockchain have the potential to disrupt and…

Minecraft, But Mining Is Multiplied…

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5 Ways that Blockchain is Reshaping the Betting Business

If there’s one takeaway that society has gained from the betting industry, it’s that traditional casinos are not designed to favor the bettor—the house always ends up winning. At the end of the day, a casino is simply a business, and like any other business, it is designed to ensure profitability. The reality is, traditional casinos have a slew of built-in advantages to ensure that it always comes out on top, not their customers. This is known as the “house edge” and represents the average gross profit the casino expects…

Bitcoin daily mining revenue slumped in May to eleven-month low

Bitcoin mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens. May has been one of the worst months for Bitcoin miners in the past year as revenue and profitability continue to tank. Bitcoin daily mining revenue tanked as much as 27% in May, according to data from Ycharts sourcing data from Blockchain.com. On May 1, the analytics provider reported daily revenue of $40.57 million for BTC miners, but by the end of the month, it had fallen to $29.37…

Netscape creator says Web3 really is like the rise of the early internet

Billionaire tech entrepreneur turned venture capitalist, Marc Andreessen says that Web3 and its underlying blockchain technology reminds him of the rise of the early internet.  Andreessen, better known today as the co-founder of the blockchain-focused venture capital firm Andreessen Horowitz (a16z), originally found success by developing the first widely used web browser called Mosaic, and then founded Netscape Navigator which dominated the browser market throughout much of the 1990s. Appearing on the Bankless podcast alongside investment partner and colleague Chris Dixon, Andreessen said that increasing adoption and a flurry of…

Ethereum Drops 7%, Why ETH Topside Bias Vulnerable

Ethereum gained bearish momentum after it broke the $1,920 support against the US Dollar. ETH might extend losses if it breaks the $1,760 support. Ethereum started a fresh decline after it broke the $1,920 support. The price is now trading below $1,900 and the 100 hourly simple moving average. There was a break below a major contracting triangle with support near $1,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair tested the $1,760 support and remains at a risk of more losses. Ethereum Price Reverses Gains…

A Look at Legendary Colombian Soccer Player James Rodríguez’s 1500 NFTs Launch on ZKSea – Sponsored Bitcoin News

sponsored Colombian soccer superstar James David Rodríguez Rubio has announced his partnership with ZKSpace to launch the James Rodríguez Commemorative Edition NFTs, Zurda (left foot in Spanish), with the presale scheduled for June 15th, 2022. The 1,500 unique pieces are currently the only digital art collections available featuring key highlights from his illustrious career spanning three continents and celebrating Rodríguez’s outstanding contribution to the game. Rodríguez is amongst the first of many prominent athletes and celebrities to get involved in the digital art space, and his strategic partnership agreement with…

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Traditional Banks Not Optimized to Serve the Unbanked – Interview Bitcoin News

For years, traditional financial institutions in different parts of the world have been attempting to narrow the financial exclusion gap by extending their services to the unbanked population. Yet for many reasons, these institutions still cannot avail their products and services to everyone that needs them. Regulatory Hurdles While there are several reasons cited for why banks are still not able to do this, their failure to serve this unbanked population has, on the other hand, led to the meteoric rise of fintech startups. Instead of relying on metrics often…