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Category: DEFI

Shiba Inu’s Push Toward Blockchain Gaming Will Entail a Sizable SHIB Coin Supply Burn, Paving the…

Shiba Inu (SHIB), a Dogecoin-inspired decentralized cryptocurrency, is about to undergo a foundational transformation with a concerted push toward blockchain-based gaming, thereby adding material utility to the entire Shiba Inu ecosystem.
As per a dedicated blog post by Shiba Inu’s lead developer, Shytoshi Kusama, the meme token will constitute the “future of gaming”:
Shiba Inu’s (SHIB) Lead Developer s an Egg Emoji, Spurring Speculation Regarding a Partnership With Computer Hardware Retailer Newegg“The only way to create a 7-figure game that is worthy of 1…

Missed Out On Shiba Inu? Buy This Breakout Cryptocurrency Instead

Shiba Inu (CRYPTO:SHIB) skyrocketed to an all-time high in October, rising more than 153,000,000% from its 52-week low on Nov. 28, 2020. However, the meme token has since lost nearly half of its value, showcasing how quickly the tide can turn when dealing with volatile crypto assets, especially those backed by hype.
Of course, some investors may see this as a buying opportunity, but I would exercise caution. The odds of Shiba Inu delivering an encore performance are slim, to say the least. More importantly, there are over 7,500 other…

Boxing in the Metaverse – Jake Paul, gives away a piece of his Bloktopian real estate valued at…

Jake Paul, investor in Bloktopia and owner of its Metaverse real estate
Built with valuable BLOK, a cryptocurrency, Jake Paul’s home is one of the first build in the metaverse
Price of BLOK crypto soars on back of competition
Bloktopia (other:BLOK)NEW YORK, UNITED STATES, November 29, 2021 /EINPresswire.com/ — Celebrity Boxer and investor, Jake Paul, will be giving away a piece of his home to one lucky winner next month. The first question most people ask is: ‘How is he going to do that?’ And the answer is…

Bitcoin (BTC) climbs back above $57,000 after sell-off

The value of Bitcoin (BTC) has exceeded the threshold of 66,895 dollars for the first time in his history.Chesnot | Getty ImagesBitcoin and other cryptocurrencies surged Monday after a sharp sell-off at the end of last week.The price of bitcoin climbed nearly 6% in the last 24 hours to $57,373, according to Coin Metrics data. Other digital assets also rose, with ether climbing 7% to $4,331 and XRP up 6% at around 98 cents.Vijay Ayyar, head of Asia Pacific at cryptocurrency exchange Luno, said early reports that the new, heavily-mutated omicron Covid variant came with milder symptoms was…

Bitcoin price: Bitcoin, Ethereum hold crucial supports; all eyes on India’s crypto bill

Bitcoin after falling significantly last week, from a new all-time high of $69,000 hit earlier this month, now faces stiff resistance at $57,500 followed by $60,000. That said, BTC buyers have been quite active during this correction, which came after the unfavourable $3 billion options expiry on Friday.
The asset will continue to maintain its bullish stance as long as it doesn’t fall below the $53,000 mark. Although it will not be able to step out of the consolidation phase until the price beats the $60,000 mark.
BTC, as always, has had a spillover effect on some altcoins too….

4 African Blockchain Startups Secure $ 125,000 Each from CV VC

Blockchain-focused venture Capital firm, CV (Crypto Valley) VC, offers seed funding and an incubation programme to global tech teams in exchange for equity, and so far, has invested in startups including Xion and Wildcards.

As part of its expansion into Africa, the firm has selected 4 startups to join its incubation programme which comes with $125, 000.

The 4 startups are:

Mazzuma – an international remittance and mobile money platform from Ghana HouseAfrica – a digital property validation system from NigeriaPravica – a decentralized communication…

Cardano NFT Marketplace Verlux Releases The First UI Demo Of Their Platform

Verlux.io, a Cardano based NFT Marketplace, has begun its seed sale to early adopters on Cardano, which will run until 9th of Decembers and as at the time of writing this, almost 50% of the allotted 250 Million $VLX tokens have been sold.
About Verlux
Verlux NFT Platform is a new NFT Marketplace based on the Cardano blockchain. Unlike existing NFT marketplaces on cardano now which operate using a sign up /  login modal, Verlux will tow the path of decentralization by utilizing the connect wallet feature.
Digital creators, Meme makers & Artistes can utilize the…

Request Network (REQ), pTokens (pBTC), and Compound Basic Attention Token (CBAT) By DailyCoin

Top DeFi Gainers: Request Network (REQ), pTokens (pBTC), and Compound Basic Attention Token (CBAT)

While the crypto market is experiencing a very rough patch, metaverse platforms have been enjoying substantial growth due to the growing interest from companies and venture capitalists in building the future.
Despite the newfound dominance of metaverse platforms, some defi protocols have emerged as the best-performing projects on Friday, November 25.
One of the top gainers is the Ethereum-based decentralized payment system, Request Network (REQ), gaining 190% in 24 hours. In the last…

New Innovative NFT Use Cases that Might Change the World

The transaction volume of the entire NFT market crossed US$16 billion in November 2021. In 2020, it was only US$355 million, which shows how impressive of a run NFTs have made to create a new asset class in the crypto industry. At the beginning of 2021, the market was mainly dominated by sports highlights and trading cards. But in the second half of the year, we saw NFTs take new forms, which created multiple market segments such as virtual real estate, gaming avatars, and fashion.
Seeing the growth and evolution of NFTs, investors started to see long-term value in NFT and metaverse-based…

Japanese sci-fi novel English translations exclusively NFTs

Miyuki Ono’s science fiction story “Pure” is being released as NFT (non-fungible token) copies to create a new channel of income for writers and translators who are currently insufficiently compensated for their work.
Fast facts
“Pure” is one of world’s first Japanese science fiction works released as an NFT, while also being the first NFT of a Japanese story to be released with English translations. The English translations are exclusively available on the NFTs. Ono explained her motive in her blog, “By releasing this story and translations as NFTs, I hope to suggest a new…

‘Noisy’ Bitcoin Mining Driving People Insane In Quebec: Why Crypto Is Noisy

Bitcoin and cryptocurrency is the talk of the town right now — miners mine the cryptocurrency by solving complex calculations on computers all day-all night, and while this whole process isn’t as good for the environment, it’s very lucrative for miners and investors who are earning substantial growth as bitcoin’s value skyrockets.The Motley FoolAlso Read: Guy Who Started Illegal Power Plant For Crypto Mining Faces Rs 42 Crore FineHowever, the same happiness isn’t in the luck of the residents of the city of Sherbrooke, Quebec, about 150 kilometres east of Montreal that is home to…

Can Two People Who Own the Same Art Print Both Mint NFTs of It? + Other Artists’-Rights Questions,…

Have you ever wondered what your rights are as an artist? There’s no clear-cut textbook to consult—but we’re here to help. Katarina Feder, a vice president at Artists Rights Society, is answering questions of all sorts about what kind of control artists have—and don’t have—over their work. 
Do you have a query of your own? Email [email protected] and it may get answered in an upcoming article. 

I read your answer to the question about museum-issued NFTs in last month’s column and I have a follow-up. The British Museum isn’t the only institution that…

DeFi Protocol Omicron’s Token Jumps 10-Fold After Namesake Covid Variant Emerges

The World Health Organization (WHO) on Friday named the newly detected SARS-CoV-2 variant B.1.1.529 as Omicron and deemed it as a variant of concern, sending bitcoin and the broader crypto market into a tailspin along with equities.However, one little-known cryptocurrency stayed resilient and chalked up a ten-fold rally over the weekend.OMIC, the native coin of decentralized reserve currency protocol with the same name as the newly detected COVID variant Omicron, picked up a bid near $70 late Friday and rose as high as $711 on Sunday, according to data source crypto.com.The token’s surge…

Fashion design education matters for the metaverse

In 1964, Arthur C Clarke, science writer and futurist, predicted
“the invention to end all inventions”. He called “the replicator”, a
duplicating machine to create copies of anything at any time:
“Confronted with such a device, society will probably sink into a kind
of gluttonous barbarism because everybody would want unlimited
quantities of everything since nothing would cost anything”, warned
Clarke.

Sixty years on, replicators are the norm. In the physical realm, we
have 3D printing machines recreating items from digital files, and
fast fashion making cheap copies on a large scale….

$32bn Grayscale Bitcoin Trust feels the heat from cheaper ETFs

The North American rollout of bitcoin exchange traded funds appears to have tipped the world’s largest crypto fund into a seemingly permanent discount to its net asset value.The $32bn Grayscale Bitcoin Trust (GBTC), which owns 3.5 per cent of the world’s bitcoin, currently trades 15 per cent below the value of its underlying assets.It had traded at a substantial premium to NAV for much of its existence but stumbled to a sharp discount after the emergence of the first North American bitcoin ETF in Canada in February.The flip from premium to discount has hit investors in the…

The 5 best Bitcoin wallets and crypto wallets of 2021

(Pocket-lint) – If you’re interested in buying and storing Bitcoin or another cryptocurrency, you may be looking for the best Bitcoin wallet. For this purpose, you will need an investment app that supports cryptocurrency trading, and you will also need a “wallet” to store and secure your key code for gaining access to your assets.Bitcoin has acquired universal recognition, and its popularity continues to grow. In contrast to equities at a brokerage, you can remove your cryptocurrency from a crypto exchange and store them in an external…

I’ve already visited Mark Zuckerberg’s metaverse and I don’t want to do it again

When Facebook founder Mark Zuckerberg explained his metaverse vision in a keynote video presentation he showed viewers a clean, well-lit virtual world, where people could play virtual games, experience virtual concerts, hang out with each other’s virtual avatars and attend virtual work meetings.I don’t know if anyone else is thinking what I’m thinking but – apart from the “well-lit” and avatars part – the metaverse sounds a lot like 2021 lockdown to me.Zoom cocktails, Teams meetings, virtual singalongs from everybody’s lounge rooms? No thank you! We’ve already experienced…

SolChicks IDO Breaking Cryptocurrency World Records

Disclaimer: The text below is a press release that was not written by Cryptonews.com.Hong Kong, 26 November 2021,SolChicks, the most anticipated play-to-earn game on the Solana blockchain, has announced today several records in the leadup to its IDO launch on the 26th November.Some major accomplishments and records broken in the last week:Over 50,000 players completed the SolChicks game demo in its first week of releaseRanked #1 on CoinMarketCap, #1 P2E game on Solana P2E, and #1 hottest NFT collection on Solanart.Explosive…

Turkish photographer’s works sold at Sotheby’s NFT sales

Hatice Utkan Özden
Rızacan Kumaş, a Turkish photographer who seeks a story in all his works, is in the pursuit of reality, reflecting onto its perfect moment to help the viewer to understand what is going on in the real scenery that he has captured.class=”cf”>
His work “Panoramic Portraits” was exhibited at the Natively Digital auction between Oct. 14 and 21 by Sotheby’s, one of the most respected auction houses in the world.
With the “Panoramic Portraits,” purchased by world-famous collector Pransky and offered for sale at Sotheby’s, Kumaş became the…

DeFi on Avalanche: How to get started yield farming

Get started farming on Avalanche and enjoy Ethereum dapps without the high feesIf you missed the golden days of high yield and low fees on Ethereum, then Avalanche has you covered. It is cementing itself as the DeFi hub for low-cost, high-yield farming.After a year of operation, the Ethereum competitor now hosts a whopping $10 billion of assets (TVL), making it the fourth largest economy in cryptocurrency.Despite the success, you can still easily find APRs in excess of 100% on leading asset pairs, with fees less than a dollar.This growth has been fuelled by…

Deep Dive Into Decentralised Finance: Valuing DeFi Blockchains

Decentralised Finance (DeFi) is a system that allows financial products to appear on a public blockchain network which is not regulated by a central bank or intermediary. DeFi systems, majority of which are built on the Ethereum blockchain, aim to provide an autonomous and decentralised option for financial services that are otherwise regulated by banks and national or international administration. If you are serious about crypto investing, you must have a deep understanding of decentralised finance (DeFi). Simply put, DeFi is an umbrella term for financial applications powered by public…

4 Largest Crypto Wallet Hacks in the History of Blockchain

Crypto Wallets on exchange networks are not completely secure: all it takes is a good hacker and multiple wallets are cleared of all coins. The XX Crypto Wallet Hacks have made Crypto Wallet exchanges ensure a stronger security system. Hackers are a good human resource for these exchange platforms: they help identify bugs in the code in exchange for a specific bounty or a donation to the field of ethical hacking. The consequences of crypto hacks on the world economy are that it creates distrust in cryptocurrency enthusiasts, lowering the price of the hacked coin and reducing the number of…

Bitcoin, dogecoin, Shiba Inu, other cryptos surge today. Check cryptocurrency prices

Cryptocurrency prices today surged with Bitcoin trading above $57,000 mark. The world’s largest and most popular cryptocurrency was trading at $57,699, up more than 6%. Bitcoin price had recently hit record high of around $69,000 and is up over 99% this year (year-to-date or YTD) so far. Global crypto market cap surged to $2.72 trillion, as per CoinGecko.

Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, also gained more than 7% to $4,337. Dogecoin price rallied over 3% to $0.20 whereas Shiba Inu rose more than 4%…

Bitcoin processes more dollar value than PayPal, could surpass Mastercard by 2026

Market intelligence platform Blockdata has suggested in a new report Bitcoin could outstrip credit card giant Mastercard in the number of dollar transactions value processed.Bitcoin processes more dollar value than PayPalJust recently, Bitcoin overtook the giant payment tech company, PayPal, in terms of value transfer. At the time of writing, the Bitcoin network recorded about $489 billion in processed value per quarter while PayPal’s value was around  $302 billion.While this represents a major milestone for the crypto industry, the value pales significantly against that of Mastercard…

What are blockchain ETFs? – The Economic Times

1. Blockchain ETFs offer an efficient investment vehicle to invest in a select basket of blockchain specific stocks.
2. Blockchain specific stocks are those that have blockchain technology-related operations or profit from the development and use of blockchain technology.
3. Blockchain tech enables companies that use it to cut costs and simplify their operations through decentralisation.

4. Being a theme-based investment, blockchain ETFs carry the inherent risk of non-performance, non-adaptability, or failure of the blockchain ecosystem.
5. They are different from Bitcoin ETFs which…