Tokens
Seven common mistakes crypto investors and traders make
Investing in cryptocurrencies and digital assets is now easier than ever before. Online brokers, centralized exchanges and even decentralized exchanges give investors the flexibility to buy and sell tokens without going through a traditional financial institution and the hefty fees and commissions that come along with them. Cryptocurrencies were designed to operate in a decentralized manner. This means that while they’re an innovative avenue for global peer-to-peer value transfers, there are no trusted authorities involved that can guarantee the security of your assets. Your losses are your responsibility once you take your digital assets into custody. Here we’ll explore some of the more common mistakes that cryptocurrency investors and traders make and how you can protect yourself from un...
Is China’s apprehension to ban NFTs a hopeful sign for investors?
It’s no secret that China has a clear disdain for all things crypto, as was highlighted last year when the country decided to ban its digital asset industry in its entirety. That said, one niche related to the crypto industry that has continued to thrive in the region despite the ban is its nonfungible token (NFT) market. However, with certain negative developments coming to the forefront recently, this may not be the case much longer. In this regard, many local social media platforms and internet firms have continued to update their policies so as to restrict and, in some cases, remove NFT platforms altogether from their networks, claiming a lack of regulatory clarity but, more importantly, fearing a government clampdown on their day-to-day operations. For example, WeChat, a Chinese insta...
From taxes to electricity, blockchain adoption is growing in Austria
Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it. With regard to blockchain-based applications in the economy, however, Austria is still in the experimental phase, with most firms still running pilot projects. Still, politicians and economists alike see potential for select industries. Public administration reform via blockchain The Austrian government is quite open to blockchain innovations, cryptocurrencies aside, and has supported various projects in the public and private sectors. In 2019, a consortium of public administration institutions founded the Austrian Public Service Blockchain (APSB)....
NFTs are changing the way photographers create and market content
Since their explosion last year, nonfungible tokens (NFTs) have shown their appeal to collectors, investors and traders alike. They have especially gained attention in the art world, where an item’s provenance is everything, and owning the official, unique version of an item is much more valuable than a copy or duplicate. Some have postulated that artists creating and storing pieces on-chain can use the technology as proof of ownership for popular art forms. Among the various artforms to take advantage of NFTs, photography has also found its place, but what is the immediate value it brings for artists and consumers? Indeed, as a nascent, quickly developing technology, NFTs are not without limitations. Related: What is crypto art, and how does it work? Most participants began getting acquai...
Amid conflict, NFT projects already seek to rebuild Ukraine
The recent invasion of Ukraine has put the world in a state of uncertainty, turmoil and geopolitical risk. Volatility in the global financial markets has caused immense losses to millions of investors. With rising global inflation, fear of tapering liquidity, and increasing interest rates by the United States Federal Reserve, havoc is spreading across the global economy. Additionally, the delinking of SWIFT messaging services for leading Russian banks is causing concern among entrepreneurs in the nation while also impacting other economies with strong Russian trade ties. With Visa and Mastercard halting their Russian operations, there will be further untold consequences for the interoperability of their payment systems and the everyday citizens who rely on them. Amid all these uncert...
Which Terra-based coins have the most explosive potential? | Find out now on The Market Report live
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which Terra-based coins you should be looking out for in 2022. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate which Terra-based coin has the most explosive potential. Will it be Bourgi’s pick of StarTerra, which capitalizes on blockchains’ biggest trends — play-to-earn, nonfungible tokens (NFTs) and staking — basically combining multiple multibillion-dollar industri...
FriesDAO scoops up fast food franchises as part of its crypto governance experiment
A new proof of concept decentralized autonomous organization, or DAO, called FriesDAO wants to democratize access to the fast food industry. Cointelegraph spoke to FriesDAO advisors Brett Beller and Bill Lee about their mission to be a “part of something that will connect crypto and virtual ownership to real-world assets.” FriesDAO aims to acquire and scale fast food restaurant franchises like Popeye’s, Burger King and Taco Bell by inviting FRIES token holders to run a decentralized network of Quick Service Restaurants, or QSR. Starting with Subway franchise owners, the FriesDAO team hopes to guide their partners about the blockchain space. What “started as a joke” turned into a serious proposition when they realized there “was a hole for people that were ready to run...
Mining worldwide: Where should crypto miners go in a changing landscape?
One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September. While mining as a type of financial activity has not gone away and is unlikely to disappear, Chinese cryptocurrency miners had to look for a new place to set up shop. Many of them moved to the United States — the world’s new mining mecca — while some left to Scandinavia and others to nearby Kazakhstan, with its cheap electricity. Mining activities can’t stay under the radar forever, and governments around the world have begun to raise concerns over electricity capacity and power outages. Erik Thedéen, vice-chair of the European Securities and Markets Authority — who also serves as director general of the Swedish Fina...
More playing and less earning will make better Metaverse games
If you’re not keen on joining Mark Zuckerberg in the Metaverse, I have bad news for you: You’re already there. You don’t need a virtual reality headset to enter a virtual world. Humans have been representing reality since our distant ancestors first painted on cave walls. If TV, radio, books or newspapers have ever given you access to events that you did not physically attend, you have experienced a kind of metaverse already. Sport and games are another reality that we often partake in virtually — in the stands or behind a screen — when not on the field. So, it’s no coincidence then that, thus far, games dominate what most people understand as the Metaverse, or more widely, Web3. Our innate love of play, our understanding that fulfilling games depend on rules and structures and our w...
NFTs and DeFi are revolutionizing real estate investing and homeownership — Here’s how
NFTs continue to make an impact on multiple sectors, and this mainstreaming is opening up new opportunities and revealing new trends for blockchain technology. Recently, the real estate sector has shown interest in blockchain technology because it opens up the potential for fractionalized ownership, cryptocurrency-backed mortgages and other unique ownership, financing and payment models. Here’s a look at a few real estate-oriented blockchain projects that are to integrate decentralized finance, cryptocurrency payments and nonfungible tokens (NFT) to the sector. Propy Propy is the largest real estate-focused protocol in the cryptocurrency market, and it’s focused on automating home buying and making the closing process faster and more secure. After becoming the first company to launch...
Here’s why AI-equipped NFTs could be the real gateway to the Metaverse
Nonfungible tokens (NFTs) have been largely acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol. Blue-chip NFTs like the Bored Ape Yacht Club or Cool Cats were not originally backed by any tangible utility other than speculative value and hype, along with the promise of an illustrative roadmap, but in 2022, investors are looking for a little bit “more.” However, nonfungible tokens are finding their use beyond branding and status symbols by attempting to build out an existence in the Metaverse and some are ambitious enough to start within it. The Altered State Machine (ASM) Artificial Intelligence Football Association (AIFA) has introduced a novel concept to NFTs called nonfungible intelligence or NFI. By...
Blockchain meets activity tracking: Project rewards healthy habits with tokens
Blockchain use cases continue to grow as the world learns about the benefits that it brings. Apart from bringing financial innovations like the ability to do peer-to-peer transactions, blockchain now makes its way to the health industry. Health specialists created a method to track and store health data using blockchain technology. Rosanne Warmerdam, the CEO of Health Blocks, told Cointelegraph that her team had developed a way for users to generate and store patients’ health data without sacrificing their privacy and security. “We wanted to start with giving users ownership and control over their health data,” said Warmerdam. By building on top of the IoTeX blockchain, their platform Health Blocks collects lifestyle-related health data from wearables and other smart devices and conn...
