technology
Bitcoin’s last security challenge: Simplicity
It’s been just 13 years since Bitcoin’s (BTC) “Mayflower moment,” when a tiny handful of intrepid travelers chose to turn their back on the Fiat Empire and strike out to a new land of financial self-sovereignty. But, whereas it took 150 years for the American colonists to grow sufficient in number to throw off the yoke of unrepresentative government, the Republic of Bitcoin has gone from Pilgrims to Revolutionary Army in little over a decade. What sort of people are these new Bitcoiners? How do their character, demographics and technical knowledge differ from earlier adopters? Is “Generation Bitcoin” sufficiently prepared to protect their investment against current and future security threats? And, most importantly, what are the challenges that the rapidly growing community must urgently a...
Investors underestimate Bitcoin’s “huge upside potential”, Fidelity researcher says
Chris Kuiper, Head of Research at Fidelity Digital Assets, is convinced that Bitcoin (BTC) should be treated separately from other digital assets and believes it plays an exclusive role in investors’ portfolios. Fidelity Digital Assets’ latest report, titled Bitcoin First, targets two main concerns that Fidelity’s clients have raised towards BTC — eventually being replaced by some other cryptocurrencies and lower upside potential left compared to other coins. According to Kuiper, BTC offers a unique value proposition as the most decentralized and censorship-resistant monetary network. That, according to him, is a non-incremental sort of innovation similar to the invention of the wheel. “You can’t reinvent something that’s already been invented in terms of the m...
Experience-to-earn is the gateway for NFT mainstream adoption
An experience-to-earn (E2E) nonfungible token (NFT) ecosystem rewards people on-chain for doing everyday activities, bringing new forms of value creation to everyone. This was previously reserved for invested gamers in play-to-earn (P2E) worlds. While P2E has experienced a record-breaking year ($4.5 billion in-game NFT sales, according to the recent DappRadar report), most blockchain games still rely on some level of skill such as battling, breeding or collecting strategy that attracts gamers with the downtime, temerity and sometimes some starting funds to invest — prerequisites that can put off any non-gamer from entering NFTs to earn. In contrast, experience-to-earn aims to reward more achievable investment people put in themselves, others and the good into the world, expanding the poten...
FTX Pay: what is it and which cryptos are supported?
FTX Pay is a service offered by the FTX Crypto Derivatives Exchange intended to allow users to receive payments via cryptocurrencies, fiat, or both. It is a convenient option for a store or app owner to accept payment from customers via their desired payment method that is backed by the FTX brand. Before we get into the details of FTX Pay, there are a few things we need to get out of the way first: FTX has made an official announcement that they are moving FTX Pay exclusively to the FTX US platform instead. For the time being, anyone can still use FTX Pay applications that exist on FTX International. However, they will not be able to create new applications without using the FTX US platform instead. This article does not offer any investment advice, and it is only here for informatio...
5 Safety Tips to promote a more empowering experience for youths online
Facebook WhatsApp Reddit Twitter Shares You will have a more empowering experience online, when you’re sharing with the people you care about and engaging with the communities that interest you the most. That is why on this year’s Safer Internet Day, we’d like to celebrate young people’s role in creating a safer internet by sharing some tools you need to manage your network and connect with the content that you’ll most enjoy. Define your circle So, to get the best experience out of your interactions with people online, it is safer to connect, like and follow people and pages that you share the same interests with and also those whom you have many common friends with. Always remember to manage your network by friending people you know and following people you f...
Shiba Inu announces ‘Shiba Lands’ – a virtual real estate in its Metaverse
The lands will be available for auction or purchase according to the announcement post The bidding for land will follow a queue system, with LEASH token holders getting priority The popular meme coin ecosystem Shiba Inu has announced another massive step in the Metaverse direction. The team behind the cryptocurrency has revealed it is working on a virtual real estate project that will allow users to claim ‘lands’ in the Shiba Inu metaverse. The project is part of the developments being carried out in the Shiba Inu Metaverse launched at the end of last month. “We are happy to announce and proudly introduce Shiba Lands! These “lands” found inside our Metaverse will be available for purchase/auction really soon, and it will be our first step towards allowing the ...
Wonderland’s treasury saga exposes the fragility of DAO projects today
The Wonderland protocol became the talk of the decentralized finance (DeFi) world after the platform was found at the center of a brewing controversy. On Jan. 27, DeFi analyst zachxbt revealed that one of the anonymous co-founders of Wonderland happened to be QuadrigaCX co-founder Michael Patryn, who has been operating under the name of Sifu. QuadrigaCX is a defunct crypto exchange from Canada which closed when Gerald Cotten, the exchange founder and sole person with knowledge of the exchange’s wallet keys, passed away. Following his death, $169 million worth of user funds were irreversibly lost. Cotten’s passing led to a wave of litigation as former exchange users sought to recover their funds. Others in the crypto community claimed that Cotten faked his death to get awa...
Easy-to-use DeFi protocols will become the new gatekeepers to crypto
It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began allowing its users to deposit part of their fiat paychecks into the exchange in the form of crypto, more people are beginning to realize the potential of the industry and participate in this ever-growing ecosystem. But, crypto is commonly perceived as fundamentally intricate or lacking the proper interfaces, and whether this is right or wrong, this has been the perception for some time. To some people, the premise of digital currencies will always seem far too complicated. More recently, however, there has been an emergence of easier avenues into the crypto space for those keen to learn more. It’s important to establish just why people should conside...
3 things the crypto sector must offer to truly mainstream with TradFi
In the past year, we’ve seen the crypto economy undergo exponential expansion as heaps of money poured into various cryptocurrencies, decentralized finance (DeFi), nonfungible tokens (NFT), crypto indices, insurance products and decentralized options markets. The total value locked (TVL) in the DeFi sector across all chains has grown from $18 billion at the beginning of 2021 to $240 billion in January 2022. With so much liquidity in the ecosystem, the crypto lending space has also grown a significant amount, from $60 million at the beginning of 2021 to over $400 million by January 2022. Despite the exponential growth and the innovation in DeFi products, the crypto lending market is still only limited to token-collateralized loans, i.e. pledge one cryptocurrency as collateral to borro...
To Become a Successful Blogger, You Must Know This Tips
Facebook WhatsApp Reddit Twitter Shares Today anything about internet can earn you a good living, include blogging. Before many people who venture into blogging did it for fun. But Today we have seen and hear stories of successful bloggers who use blogging to Aquired multi-million houses. In Nigeria right now, Linda Ikeji can’t be left out when the name of successful bloggers are being mentioned. As such we are going to gives you some first basic tips to make you a successful bloggers. .u342ff6e748930188447c11b35bbd86e6 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid #16A085!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-...
Dogecoin set to adopt a unique Proof of Stake model with Vitalik Buterin’s help
The Proof-of-Work (PoW) blockchain consensus mechanism has come under heavy criticism in recent days owing to its energy-intensive nature Though many are in favour of Dogecoin switching to Proof-of-Stake (PoS) mechanism, the Ethereum community feels that Buterin is becoming too involved with Dogecoin The recent European Securities and Markets Authority’s (ESMA) proposal to outlaw Proof of Work-based mining in Europe is only but one of the many calls to bin the mechanism. For a while now, several individuals and institutions in the crypto sector have censured cryptocurrencies using PoW because of the mechanism’s high energy consumption. Dogecoin is ditching PoW Dogecoin, one of the networks currently using PoW, is the latest name to reveal plans to transition to PoS. The Dogecoi...
Blockchain startups grow as global VC funding generated $25.2B in 2021
Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion in 2020. The report also found that the United States led the greatest amount of funding deals in Q4 of last year, generating $6.26 billion for 157 deals. The document notes that global growth was driven by increasing consumer and institutional demand for crypto-related products and services. VC funding focused on crypto adoption Chris Bendtsen, a senior analyst at CB Insights, told Cointelegraph that CB Insights’ report con...
