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Τρίτη 30 Νοεμβρίου 2021

Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’

Galaxy Digital Plans to Raise $500 Million in Debt Market to 'Accelerate Growth Initiatives'

Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.”

Galaxy Reveals Exchangeable Senior Note Offering

The investment firm Galaxy Digital (TSX: GLXY) aims to raise $500 million via an exchangeable senior note offering. The convertible debt will be used to continue expanding the business. Galaxy details that the private placement will close in early December 2021 and will be subject to Toronto Stock Exchange (TSX) approval. Notes will only be sold to persons who qualify as “institutional buyers,” the announcement explains.

“Galaxy Digital has agreed to issue and sell $500 million aggregate principal amount of 3.00% exchangeable senior notes due 2026 to certain purchasers, including affiliates of Arca, NZ Funds, Senator Investment Group and XN, in a private placement under the Securities Act of 1933,” Galaxy revealed on Tuesday. Galaxy further added:

Galaxy Digital intends to use the proceeds from the Notes offering to accelerate growth initiatives across its business lines and for general corporate purposes.

Galaxy Raised $325 Million for Interactive Fund in October, Slew of Crypto Firms Leveraging Debt Markets to Raise Capital

The scheme to raise $500 million in the debt market follows Galaxy’s recent capital raise of $325 million in October. The $325 million in funding will be tied to the firm’s second interactive content and technology fund. Some of Galaxy’s interactive fund investments have been publicly announced and include projects like Masterworks, Art Blocks, ROAR, 1047 Games, Elodie, and Republic.

Galaxy also initiated a decentralized finance (defi) fund last August that gives investors exposure to a myriad of defi tokens. In mid-November, Galaxy joined forces with the well-known publication and global media brand TIME. Galaxy Digital Holdings Ltd. is not the only crypto firm in the industry leveraging debt markets to expand, as Marathon Digital Holdings revealed plans to raise $500 million from convertible senior notes on November 15.

The publicly listed company Microstrategy has leveraged exchangeable senior notes offerings as well to purchase bitcoin (BTC) on various occasions. At the time of writing, Galaxy shares are up 174% year-to-date, swapping for $8.74 on January 4 and changing hands for $24.01 today. Currently, Galaxy has $650 million in assets under management (AUM) and an array of investments in more than 75 firms.

What do you think about Galaxy Digital looking to raise $500 million with convertible notes? Let us know what you think about this subject in the comments section below.



from Bitcoin News

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions.

Ahead of Election, Major Parties Support Tax Break for Crypto Investors in South Korea

South Korean parliament is taking steps to suspend a planned tax on profits from digital asset investments for another year. The move has been supported by the ruling Democratic Party, despite disagreements with the government itself, as well as the leading opposition People Power Party.

The amendments, which also envisage the increase of an exemption on capital gains tax for real estate sales amid rising property prices, are viewed by Korean politicians as a popular proposition ahead of the upcoming presidential election in March next year, the Korea Joongang Daily noted in a report.

The Strategy and Finance Committee at the National Assembly passed the changes to the respective provisions during a meeting on Tuesday. The voting followed the approval of the revisions by its subcommittee on taxation during a session on Monday.

Authorities Need More Time to Set Up Taxation System for Crypto Assets

The two Korean parties have agreed to postpone the adoption of a 20% tax on annual profits from virtual asset investments exceeding 2.5 million won ($2,102). The government planned to introduce the tax on Jan. 1, 2022, but the recent voting indicates the tax is likely to be suspended until 2023.

The Democratic Party has been pushing for the delay as investments in cryptocurrencies have become quite popular with young voters who also find it very hard to save enough money for a home amid skyrocketing property prices. The party also hopes that the raising of the capital gains tax exemption for single residence owners who sell from a price of 900 million to 1.2 billion won ($1 million), will help to increase the availability of homes on the market.

DP representatives have argued that Korean tax authorities need more time to establish a proper tax system for virtual asset investing. However, Finance Minister Hong Nam-ki opposed the delay, stating that “The government is ready to immediately tax virtual assets.” He nevertheless noted that the executive power will comply with any decision by the parliament, which is expected to vote on the amendments in early December.

Do you think South Korean lawmakers will support the proposed amendments concerning crypto taxation? Tell us in the comments section below.



from Bitcoin News

Jack Dorsey Resigning as CEO of Twitter Is Bullish for Crypto, Says Fundstrat

Jack Dorsey Resigns as CEO of Twitter — Fundstrat Says Bullish for Crypto

Twitter now has a new chief executive officer after Jack Dorsey resigned Monday. Dorsey, who is still the CEO of Square Inc., previously said that he wants to focus on bitcoin. Fundstrat Global Advisors’ managing director and head of research explained why Dorsey’s departure from Twitter is bullish for crypto.

Twitter Has New CEO: Jack Dorsey Steps Down

Jack Dorsey announced Monday that he has resigned from Twitter. In his letter to the Twitter team, the former CEO explained that it was his decision to leave. Parag Agrawal, who served as Twitter’s chief technology officer, is the new CEO. Dorsey is still the CEO of Square Inc., which is currently working on several bitcoin projects.

Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes that Dorsey’s resignation from Twitter is bullish for the crypto market. In an interview with CNBC Monday, he was asked what Dorsey’s exit from Twitter means for the bitcoin and cryptocurrency ecosystem.

Responding to the question, “Is it bullish for crypto?” Lee affirmed:

Yes, it’s bullish for crypto.

“One thing to keep in mind is that crypto is the intersection of financial services and technology. That’s literally 60% of the economy. Really, financial services is the other half of GDP, so it’s a huge market,” he elaborated. “And there isn’t enough capital allocated towards crypto innovation, so it takes people like Jack Dorsey to really marshal focus and I don’t think the space is overinvested yet.”

Lee added that it is still the earliest days for the crypto space, not only for projects like Bitcoin and Ethereum but also “the amount of crypto equities and businesses built around crypto.”

Earlier this month, Twitter set up a dedicated team to focus on cryptocurrency and decentralized apps.

Dorsey said at the Bitcoin 2021 Conference in June, “If I were not at Square or Twitter, I would be working on bitcoin.” The former Twitter CEO emphasized, “If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin,” noting:

I don’t think there is anything more important in my lifetime to work on.

His other company, Square, is “focused on helping bitcoin reach a mainstream audience while at the same time strengthening the network and ecosystem,” Dorsey said during Square’s Q3 earnings call early this month. “Our focus is on helping bitcoin to become the native currency for the Internet … We have a number of initiatives toward that goal. Cash App is just one.”

Do you think Jack Dorsey resigning from Twitter is bullish for bitcoin and crypto? Let us know in the comments section below.



from Bitcoin News

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RChain and Hoo: The Arrow Has Already Been on the String

On November 27th, 2021, RChain‘s founder Greg Meredith and blockchain scientist Atticbee were invited as guests to an AMA hosted by the Hoo Exchange. Hoo is a Dubai based innovation driven crypto exchange and has their in-house developed public chain, HSC, built for the global cryptocurrency market. In this session, Greg Meredith and Atticbee shared the latest developments in RChain and remarkable ideas about the future of the blockchain and metaverse.

RChain and Hoo: The Arrow Has Already Been on the String

RChain and Hoo: The Arrow Has Already Been on the String

Built as A Coordination Technology, Instead of Payment Platform

According to Greg, RChain focuses on blockchain as a coordination technology to provide a means for global coordination as conditions get more and more severe due to climate change. RChain is designed as a scalable global computer and storage mechanism, rather than a payments system. It is impossible to build a general purpose computer out of a cash register, while to build a cash register out of a general purpose computer is like a walk in the park.

This is the first blockchain that scales linearly. This means that as you add nodes/hardware it gets faster, not slower. The current test data shows that the testnet gets roughly 1,000 tps per node per CPU. So a network of 10 nodes with 10 CPUs each gets 10,000 tps. 20 nodes with 20 CPUs each gets 20,000 tps, etc. Data can be realistically stored, updated, and searched on-chain.

RChain’s smart contract language Rholang, is a concurrent transactional query language, reconciling the best of SQL and NoSQL. It means one can write sophisticated queries to search stored data, which distinguishes itself from systems like IPFS. Smart contracts can be statically checked for concurrency and security errors. So, errors like what caused the DAO bug will be caught at compile time not in deployment. Imagine what would have happened to Ethereum if they had been running at 40K tps when the DAO bug was exploited.

Synergy Between Metaverse and RChain

In the AMA Greg explained his long involvement in the metaverse area. He worked directly with the pioneers of VR/AR, was hired at the research lab where Kim Fairchild did SemNet, by Kim Fairchild himself. He also was the one who suggested to Alan Wexelblat the title Software.

However Greg expressed his concerns about our real world. Yes, the metaverse is hot, but planet Earth is even hotter. In fact, in as little as a decade we are likely to see more than 1.5C temperature rise making the tropical zone uninhabitable, with wet bulb conditions — where the humidity and temperature are so high your sweat cannot cool you off — making it so that people will not even know that they are dying of heat exposure. Unfortunately, about 40% of the world’s population lives in the tropical zone. So, in as little as 10 years, 2.8B people are going to become climate migrants. Unfortunately, those 2.8B people will not be able to move into the metaverse. It won’t be any cooler for the servers running the simulations.

Atticbee later commented that this question needs to be answered: what is the role of blockchain in the metaverse? If metaverse only uses blockchain to trade game props, virtual real estates etc as NFTs, then the current technology may be good enough, at least if the transaction volume is low. However if Metaverse tries to simulate the real world, and uses blockchain as the trustable computing layer, RChain’s computing model is much closer to how the real universe works than the state machine used by virtually all other projects. As Greg Meredith said before, evolution has already picked out the best concurrent computing model, and the sequential Turing machine is never the chosen one.

Also the underlying blockchain technology and the upper layer metaverse will mutually stimulate and evolve. Just like in history – when we only had steam engines, we could only build trains and ships. After we created the combustion engine, we could do cars, airplanes etc. Every tech breakthrough will open new doors for tomorrow’s world. With RChain’s concurrent computing, seamless sharding and on-chain storage, Metaverse will be reshaped by RChain’s breakthrough technology.

Click to Play VS Click to Pay

When asked about RChain’s plan for ecosystem development, Greg answered that RChain focuses on a transaction volume driven route.RChain is looking at applications, such as self-sovereign data, online advertising and sponsorship, and social networks that generate large transaction volumes. The economic argument is simple. Currently, proof-of-work miners are making millions per day. What would make them want to switch proof of stake validators? If you lower transaction costs, you are just going to cut into their profits. If you cut transaction costs by a factor of 100, but raise transaction volume by a factor of 1,000, then they stand to make 10X, and at a fraction of their power consumption. Now, you have a real argument for them to move to proof-of-stake.

Once you understand that transaction volume is where the action is, then you just have to look at the Internet. How many times do you click to pay versus click to “Play”? That is, how many times do you click to post on Instagram or Twitter or WeChat versus to pay a bill or a vendor? How many times do you click to stream on YouTube or Spotify versus to pay someone with PayPal, Venmo or WeChat? It’s hundreds (if not thousands) to one. All the transaction volume is in click to “Play”.

And wherever you play, there are ads. In fact, online advertising is the largest economy in the world. It’s bigger than oil. So, RChain wants to help people make lots and lots of decentralized clicks to play DApps: social networks, streaming services, logistics services, data services, etc. And it wants to stream sponsored content through those decentralized services, but do so in a way that it eliminates surveillance capitalism. It also wants people to have a say as to whether their data is sold and if it is sold and get a cut of the profits.

Migration From Other Public Chains’ Ecosystems to RChain

RChain’s sharding solution allows other chains to be mounted as shards. This means that smart contracts can be written as if other chains were just RChain resources. In this case, for the RChain side, there is a very easy migration.

The biggest stumbling block to migration is the mismatch in the computational model. RChain operates concurrently while most other blockchains operate sequentially. This means other chains cannot handle RChain’s execution demands. RChain execution requests to other chains will queue up and queue up as they process them one at a time.

Of course, going the other way is simple, but it means that RChain has to slow down to match the sequential semantics of the other chains.

Toward a Leaderless Global Computer

RChain has been in mainnet for just under 2 years. Last year it released a major feature: the last finalized state, which means that new validators can synchronize to the chain without having to go all the way back to the genesis block. This year it is releasing a major performance improvement called block merge, that gives the linear scaling. It’s the culmination of Greg’s research of architecture and mathematics in the last 30 years, some of the work can go back to Microsoft’s BizTalk Process Orchestration that Greg worked on 20 years ago.

As Atticbee explained, there exists the following relationships btw “traditional computer” and the blockchain “global computer”:

  • Traditional Computer : Blockchain computer.
  • Multithreading : concurrency of block merge.
  • Multiprocess : sharding (composability).
  • Firewall : on-chain formal verification (behavior type system).

All these 3 parts are necessary for a truly useful global computer. And the computational layer should be carefully chosen so that all these parts can be supported, it means the chosen computational model should support concurrency, composability and a behavior type system.

RChain and Hoo: The Arrow Has Already Been on the String

Figure: Computational Model Comparisons

Unfortunately that leaves very few choices. From the above table, only Pi or Rho-Calculus can provide all the required features. Rho-Calculus is the upgraded version of Pi-Calculus. With reflection with much more expressive power. It is the first process of calculus suitable as a smart contract language. And Greg Meredith is the founder of Rho-Calculus.

RChain and Hoo: The Arrow Has Already Been on the String

Figure: The Knowledge Graph of RChain

With the coming “block merge” milestone the multi-threading/concurrency capability will be demonstrated. After that RChain will have a “seamless” sharding solution that makes many shards “look and feel” like one. Finally in the Venus milestone, a behavior type system will be implemented to allow thousands of contracts to safely cooperate with each other. Above that it will be possible to add a smart contract orchestration layer like a decentralized Kubernetes. Without a carefully chosen computational model, all these are impossible and the platform will be locked in as a payment solution, rather than a global computer that can handle a global scale, all-in-one computing infrastructure to serve Web 3.0.


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from Bitcoin News

‘NFT’ Chosen as 2021’s Collins English Dictionary ‘Word of the Year’

'NFT' Chosen as 2021's Collins English Dictionary 'Word of the Year'

As 2021 nears its end, the firm Harpercollins, the publisher behind the printed and online Collins English Dictionary, has revealed “The Collins Word of the Year.” According to collinsdictionary.com, the word of the year is the abbreviation for non-fungible token, otherwise known as “NFT.”

Collins English Dictionary Word of the Year Is NFT

Non-fungible token (NFT) collectibles have obtained a nod from the publishing team behind the Collins English Dictionary. The unabridged Collins English Dictionary is published by the company Harpercollins and was the first dictionary that was typeset using a computer database’s output.

'NFT' Chosen as 2021's Collins English Dictionary 'Word of the Year'

On an annual basis, Collins likes to give a specific term the Word of the Year award, and this year the word “NFT” is the grand champion. “‘NFT’, the abbreviation of ‘non-fungible token’, the unique digital identifier that records ownership of a digital asset which has entered the mainstream and seen millions spent on the most sought-after images and videos,” the dictionary firm’s word of the year blog post explains. The post further adds:

It is one of three tech-based words to make Collins’ longer list of ten words of the year, which includes seven words brand new to Collinsdictionary.com.

The Informal Noun ‘Crypto’ and the Proposed Three-Dimensional Virtual Environment the ‘Metaverse’

Other words that were popular this year include words such as “metaverse” and “crypto.” The meaning of the word metaverse is “a proposed version of the internet comprising of three-dimensional virtual environments.” Collins English Dictionary says that the term “crypto” is an informal noun that is short for the word cryptocurrency, “a digital currency used for online purchases.”

'NFT' Chosen as 2021's Collins English Dictionary 'Word of the Year'

Interestingly, in May 2019, the Associated Press (AP) or guidelines from the AP Stylebook, said writers, journalists, and academics should “avoid using the shorthand crypto, which can be confused with cryptography.” The AP suggestion has been largely ignored by mainstream media and dedicated cryptocurrency news publications.

Collinsdictionary.com has been a lot more liberal with editorial submissions and added crowd-sourced neologisms in 2012. Collins also publishes an official Scrabble word list dictionary, and roughly 6,500 words are based on social media terms, slang, and the latest technology.

What do you think about Collinsdictionary.com giving the term NFT the Word of the Year award? Let us know what you think about this subject in the comments section below.



from Bitcoin News

Ποιο είναι το μέλλον των Play to earn games και tokens;

Θα έχετε ακούσει τη φράση «mass adoption» ή ελληνιστί <<μαζική υιοθεσία>>  να αναφέρεται πολλές φορές στο πλαίσιο συζητήσεων σχετικά με τα κρυπτονομίσματα. Ο όρος αναφέρεται στη ευρεία και ταχεία αύξηση της βάσης των χρηστών κρυπτονομισμάτων ή γενικότερα στην διάδοση την χρήσης του blockchain. Στην ουσία, ζητούμενο είναι το πώς θα εισάγουμε στο οικοσύστημα άτομα που δεν έχουν προηγούμενη εμπειρία με το blockchain και καλώς ή κακώς πρέπει να παραδεχτούμε ότι αυτό θα γίνει μόνο όταν βρεθούν να εμπλέκονται στο οικοσύστημα μη εξιδεικευμένοι χρήστες. 

Πως θα γίνει αυτό και πόσο μακριά είμαστε; 

Ο πιο αποτελεσματικός τρόπος για να γίνει αυτό είναι να βρεθούν τα ανάλογα use cases που δεν απαιτούν εξειδικευμένες γνώσεις. Και μιλώ για γνώση σε όλα τα επίπεδα. Για να γίνω ποιο συγκεκριμένος, δεν θα χρειάζεται να ξέρει κάποιος σχεδόν τίποτα, πέραν από αυτό που θα μπορεί να δει και να αντιληφθεί φυσικά. Την χρηστικότητα του διακριτικού ( πείτε το utility, use case, όπως θέλετε )  και το άμεσο όφελος για τον ίδιο. Τίποτα περισσότερο, τίποτα λιγότερο. Δεν θα χρειάζεται να ξέρει ούτε ποιος είναι ο Charlεs Hoskinson, η ποιο fund στήριξε το project στην αρχή, ούτε ποια είναι τα tokenomics και πόσο ποσοστό από την ICO είναι κλειδωμένο για 12 μήνες και άλλα τέτοια κουτσομπολίστικα..  

O χρήστης θα πρέπει να έχει μια απρόσκοπτη εμπειρία και να μην συνειδητοποιεί καν ότι αλληλεπιδρά με ένα πρωτόκολλο κρυπτονομισμάτων. Αυτή θα είναι και η μεγάλη επιτυχία και ο απώτερος προορισμός κάθε project. 

Τα πραγματικά uses cases είναι εδώ και είναι στο gaming. 

Μπορώ να αναπτύξω ολόκληρες παραγράφους και να παραθέτω διαγράμματα με νούμερα για το πόσο έχει αυξηθεί ο αριθμός των gamers παγκοσμίως, για το πόσο περισσότερο χρόνο ξοδεύουμε στις οθόνες μας, για το πως άλλαξε η ζωή μας και η μορφή της κοινωνικότητάς μας και για το πόσο περισσότερο εστιάζουμε πλέον στον ψηφιακό κόσμο ‘κλέβοντας’ χρόνο από την πραγματική ζωή. 

Σκοπός μου όμως είναι να μείνω στην ουσία, που συνήθως είναι πάντα απλή.  

Το gaming είναι το πρώτο και ίσως το μοναδικό ακόμα πεδίο μέσα από το οποίο δείχνει να βρίσκει το δρόμο της η τεχνολογία blockhain μαζικά. Μιλώ φυσικά για Play to Earn gaming σε συνδυασμό με NFTs ownership. 

Πως όμως γίνεται αυτό; Οι παίκτες κατέχουν κρυπτονομίσματα για ένα συγκεκριμένο και ξεκάθαρο σκοπό. Τα tokens έχουν χρηστική αξία και τα χρησιμοποιήσουν αγοράζοντας αγαθά τα οποία πωλούνται με αντάλλαγμα τα διακριτικά τους. Και αυτό είναι πραγματικό use case. Όσο και αν ξενίζει σε πολλούς γιατί οι αγορές αφορούν ψηφιακά assets, δεν παύει μια in-game αγορά να είναι μια πραγματική αγορά. Είτε αυτό αφορά ψηφιακό κομμάτι γης, είτε κάποιο NFT όπλο κτλ 

Και εδώ θα πρέπει να φανούμε ‘σκληροί’ αλλά και ειλικρινείς.

Σήμερα μπορείς να αγοράσεις πολλά περισσότερα αντικείμενα με MANA, SAND, GALA, AXS κτλ παρά με XRP, Cardano και Solana

ΔΙΑΒΑΣΤΕ ΕΠΊΣΗΣ: Ο απόλυτος οδηγός του οικοσυστήματος GALA.

Γιατί μπορεί τα δεύτερα να μην είναι ‘παιχνιδάκια’ και να υπόσχονται ‘πράγματα και θαύματα’ αλλά όταν ένα οικόπεδο στο Decentraland κοστίζει 618.000 MANA, είναι ξεκάθαρο ότι μιλάμε για μια αγοροπωλησία που διέπετε από τους νόμους της προσφοράς και της ζήτησης. Όταν ένα κανόνι για το Spider tank σου κοστίζει 1300 GALA, μπορώ πολύ εύκολα να καταλάβω και την αξία-ουσία του νομίσματος, αλλά και την αξία και τον προορισμό του αντικειμένου που αγοράζει κανείς. Ο παίχτης επενδύει στο τανκ του με σκοπό να κερδίσει περισσότερες μάχες.  

Όταν ένα αυγό Kryptomon, κοστίζει στη Binance 230 BUSD, είναι ένα asset, που αυτός που θα to πληρώσει ξέρει γιατί το κάνει και ποιος είναι ο σκοπός της αγοράς αυτής. Ακόμα και αν το use case είναι το αυγό να εκκολαφθεί, να το εκπαιδεύσει και να το φέρει σε ένα επίπεδο που θα είναι κερδοφόρο για αυτόν.  

Όλα τα παραπάνω μπορεί στα αυτιά ενός μη gamer να ακούγονται αστεία. Αλλά το ίδιο αστείες δεν φαίνονται σε κάποιον που δεν γνωρίζει από πρωτόκολλα, οι περιπτώσεις χρήσης των περισσότερων tokens; 

Προσωπική μου γνώμη είναι ότι τα gaming play2earn tokens έχουν πολύ ποιο ξεκάθαρη χρηστικότητα από τα περισσότερα κρυπτονομίσματα του top 100. Γιατί κακά τα ψέματα, τα περισσότερα κρυπτονομίσματα σήμερα αποτελούν μέσω χρηματοδότησης των projects,  (κάτι σας startup fundraising ένα πράγ μα ) παρά μέσα πραγματοποίησης συναλλαγών. Και επειδή αυτός είναι ο κύριος προορισμός τους, για αυτό το λόγο και για την πλειονότητα των crypto-holders, τα κρυπτονομίσματα είναι ένα επενδυτικό εργαλείο, και όχι μέσο πραγματοποίησης συναλλαγών. Ας είμαστε ειλικρινείς… Πόσοι από εσάς κρατάτε ADA γιατί θέλετε να αγοράσετε τα δώρα σας τα Χριστούγεννα, και πόσοι από εσάς ψάξατε να βρείτε ένα κατάστημα που δέχεται DOT

Και όμως στο μυαλό των gamers τα πράγματα είναι αλλιώς. Τα tokens που κερδίζουν/χρησιμοποιούν είναι στην ουσία χρήματα και όχι κομμάτια επενδυτικού χαρτοφυλακίου. Και όταν επανεπενδύουν μέρος αυτών για να αναβαθμίσουν το ‘οπλοστάσιό τους’’  ή να αποκτήσουν περισσότερη ψηφιακή γη το κάνουν με την ίδια λογική που επενδύει ένας επιχειρηματίας στην επιχείρησή του. Δεν μπορώ να φανταστώ καλύτερο use-case για τα κρυπτονομίσματα και το blockchain! 

Που βρισκόμαστε χρονικά όσο αφορά το play to earn.  

Η Tesla ήταν η πρωτοπόρος στα ηλεκτρικά αυτοκίνητα (2001). Και χρειάστηκαν γύρω στα 7-10 χρόνια για να δούμε μια πραγματικά κρίσιμη μάζα αυτοκινητοβιομηχανιών να παράγουν καθολικά ηλεκτρικά αυτοκίνητα, με τη σειρά τους. Θεωρώντας ότι η βιομηχανία των παιχνιδιών στελεχώνεται από ποιο μοντέρνα και προοδευτικά μυαλά, ίσως τα επόμενα 2-3 χρόνια να δούμε να μπαίνουν στο χώρο και οι παραδοσιακοί παίκτες ( Nitendo, Sony, Xbox κτλ ) 

Ποιο είναι το μέλλον των GameFi tokens; 

Ο τομέας των Play to earn παιχνιδιών θα γνωρίσει εκπληκτική ανάπτυξη από τις αρχές του 2022. Οι άνθρωποι θα παίζουν παιχνίδια περισσότερο, και πολλές κοινωνικές αλληλεπιδράσεις θα μετακινηθούν πλέον στο διαδίκτυο. Αυτό με τη σειρά του θα σηματοδοτήσει τη διασταύρωση της πραγματικής ζωής με τη «ψηφιακή» ή «διαδικτυακή» ζωή, που πλέον αναφέρεται ευρέως ως Metaverse. Δεν είναι μακριά η εποχή που ακόμα και η εγκληματικότητα θα λαμβάνει χώρο στο Metaverse.. 

Καθώς η τεχνολογία θα προχωρά, ένα όλο και μεγαλύτερο μέρος των συναλλαγών μας θα λαμβάνει χώρα στο Metaverse. Και καθώς όλα θα τα τραβά η ‘μαύρη τρύπα’ του Metaverse, τα όρια μεταξύ του online shopping, του gaming, των Defi κτλ θα γίνονται δυσδιάκριτα. Ήδη υπάρχουν καταπληκτικές προσπάθειες που συνδυάζουν το gaming με το Defi και το staking (ANRK).

Τα tokens που θα έχουν ισχυρό use case θα έχουν τεράστια άνοδο και οι εταιρείες που θα παράγουν εμπνευσμένα παιχνίδια και θα συνδυάζουν διασκέδαση με κερδοφορία για τους παίκτες τους θα εγκατασταθούν για τα καλά στο Τοp 20 των κρυπτονομισμάτων σε market cap. Ίσως σε ένα χρόνο από σήμερα τα μισά tokens στο Top 20 να αφορούν Metaverse και Play to Earn. Όσα μάλιστα, θα συνδυάζουν και τα δύο θα είναι στο Top 5. 

Σύντομα θα ξεχάσουμε τον ανταγωνισμό για τα smart contracts. H μητέρα όλων των μαχών θα αφορά το Metaverse και το ποιοι θα διαμορφώσουν  το μέλλον του χρησιμοποιώντας Blockchain, 3D Graphics, AI, augmented  reality κτλ. Νικητές θα είναι αυτοί που θα ‘επιβιβάσουν΄ εκατομμύρια χρήστες στο Metaverse, αναπτύσσοντας έξυπνες εφαρμογές για την mainstream υιοθέτηση του. 

Είναι κοντά η μέρα που η φράση Ethereum killer θα είναι ρετρό.. Από εκεί και πέρα βάλτε τη φαντασία σας να δουλέψει!!! 

Το άρθρο Ποιο είναι το μέλλον των Play to earn games και tokens; εμφανίστηκε πρώτα στο Cryptobase GR.



from Cryptobase GR https://ift.tt/3xBLJyU

from Crypto Greece

Report: Nigerian Fintechs Account for Nearly 91% of $417.5 Million Raised by Tech Startups in the Country

According to an analysis of the $417.5 million that was raised by Nigerian tech startups during the first nine months of 2021, fintech firms accounted for about $379 million or 90.78% of the total.

Nigerian Fintechs Dominate the African Continent

Nigerian fintechs currently account for more than 90% of the $417.5 million that was raised by tech startups during the first nine months of 2021, a local report has said.

While the report, which was compiled by local media outlet Punch, notes that the $417.5 million is already significantly higher than the $300 million that was raised in the entirety of 2020, it acknowledges that this growth in funds raised is largely thanks to fintech groups.

To illustrate, the report points to the fact that $600 million was raised by fintech startups between 2014 and 2019. To prove that the fintech space has grown rapidly since 2020, the report makes reference to the Fintech Association of Nigeria (FAN)’s belief that investment in the financial service ecosystem will exceed $400M in 2021. In addition to the expected record investment, the FAN has predicted that the revenue base will reach $543M by 2022.

Government Support

Besides accounting for the majority of funds that were raised by tech startups, Nigerian firms also account for the lion’s share of funds raised by fintech startups that operate on the African continent. As previously reported by Bitcoin.com News, of the 277 fintech funding rounds tracked by Disrupt Africa between 2015 and mid-2021, 108 of these rounds went to Nigerian startups.

These rounds, which totaled $467,901,000 in investment, mean Nigerian fintechs accounted for 53.4 percent of funds raised since tracking began. This figure is a much higher dollar total than that of second-ranked South Africa whose startups raised a total of $216,124,800 over the same period.

Meanwhile, Punch newspaper also reported that President Muhammadu Buhari’s government has since taken note of the space’s growth and is now keen on boosting this further by creating an environment that allows the country’s youth to turn their passions into ideas.

The report added that a “Startup Bill,” which is a joint initiative between Nigeria’s tech startup ecosystem and the Presidency, is now set to be tabled before the Nigerian legislature sometime before the end of 2021.

What are your thoughts about this story? You can share your views in the comments section below.



from Bitcoin News

Pocketcoin (PKOIN) Is Now Available for Purchase With Visa/Mastercard and 19 Different Cryptos

Pocketcoin (PKOIN) is a Proof-of-Stake token that is used decentralized advertising, boosting posts and featuring comments on the decentralized crypto social platform Bastyoncom. PKOIN also gives users specific privileges while using Bastyoncom social platform and is used for node staking.

Authors also earn crypto for their content on Bastyoncom. And now Pocketcoin is available for purchase on https://buy.pkoin.indacoin.io/ for Visa/Mastercard through a newly announced Indacoin integration. PKOIN is also available on a number of exchanges including DigiFinex and Bitforex, and for purchase for 19 different cryptos at https://pkoin.net/

Recent Growth of Bastyoncom and PKOIN Userbase

The crypto social network Bastyon has grown exponentially adding over one hundred thirty thousand users over the past three months. Bastyon’s block explorer routinely features hundreds of transactions showing the network is gaining majortraction. Bastyon recently added a video upload function, with decentralized video servers registering on the Bastyon blockchain to earn crypto for providing a video storage and playback service. Bastyon’s video player supports the decentralization by using peer-to-peer video sharing, thus reducing the load on servers. Many videos on Bastyon now have hundreds of thousands of views. Bastyon is also testing decentralized livestreaming with PKOIN donations, which will significantly increase the demand for PKOIN and value created by the network.

On Bastyon blockchain tracks reputation and high reputation users moderate the platform, thus cleaning it from the inappropriate content. Users love Bastyon for two main reasons: first, because it is a user-controlled network, second for the fact that all earnings of PKOIN get only to value creating users, not the central corporate entity.

New Integrations Expand PKOIN Reach & Audience

Announcement of two new integrations that offer Pocketcoin (PKOIN) for sale through credit cards and for 19 different cryptos including DAI, XRP, DOGE, TRX, BCH and others is tremendous news for the up-and-coming decentralized network.

Bastyon can be thought of “Bitcoin of social networks” due to its commitment to decentralized equal nodes and complete control by the users with no centralization. Users of Bastyon now have two new ways of purchasing PKOIN for promoting their content or obtaining privileges on the network, such as making more posts, loading video and livestreaming. Up until now users had to go to Digifinex or Bitforex to trade PKOIN, but many people in the world still are not comfortable with crypto exchanges. Direct purchase for credit cards will open up new opportunities for users and for PKOIN.

Indacoin announces very low markup for PKOIN

Additionally, Indacoin announced that the markup on PKOIN sales vs the exchange price will be kept very low, at around 4.5% mark. This is because PKOIN is a decentralized project, orders are fulfilled directly on the exchange and there are no intermediaries or corporate entities that need to fundraise or take profit. For the same reason Pocketcoin never had an ICO because it is not a business project, but rather a decentralized platform that aims to bring the spirit of Bitcoin to social networking.

Bastyon Launches Peer-to-Peer Exchange For PKOIN

Bastyoncom now also has a special social network category called PKOIN/Peer-to-Peer. In that category, users trade PKOIN through the encrypted Bastyon chat that allows sending of crypto to correspondents. As Bastyon is preparing a decentralized ad marketplace through PKOIN, the increasing liquidity of PKOIN will help advertisers and bloggers create marketing campaigns and get paid respectively.

Summary: Bastyoncom, a decentralized social networking protocol built on Pocketnet blockchain has come out of a beta test and entered a period of robust growth, adding more than one hundred thirty thousand users over the past three months. Pocketcoin (PKOIN), the network token used for boosting posts, comments, subscriptions and advertising is becoming more liquid, with multiple new ways for non-sophisticated users to buy PKOIN for use, in addition to the current crypto exchanges for more experienced users. These developments bode very well for the future of Bastyon and Pocketcoin.


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from Bitcoin News

Budweiser Launches 1,936 NFT Cans, Bud-Themed Marketplace Gets Bogged Down With Traffic

Budweiser Launches 1,936 NFT Cans, Bud-Themed Marketplace Gets Bogged Down With Traffic

The popular American-style pale lager produced by Anheuser-Busch, Budweiser announced on November 29, that the firm planned to issue a series of 1,936 non-fungible token (NFT) collectibles. Following the Bud-themed NFT market launch, the web portal experiences some hiccups.

Budweiser Issues NFT Beer Can Collection — NFT Cans Give Access to the ‘Budverse’

At the end of August, the crypto community discussed the popular American beer brand Budweiser purchasing an NFT crafted by Tom Sachs called “Life of the Party.” Moreover, Budweiser also acquired the Ethereum Name Service (ENS) domain called “beer.eth” on August 11, 2021. According to Opensea records, Budweiser spent $96,000 or 30 ether at the time of sale in order to acquire the ENS domain.

Budweiser also uses the domain name beer.eth on its Twitter handle and the company announced releasing a collection of 1,936 Bud-themed NFTs. “The wait is over,” the video accompanying Budweiser’s tweet said on Monday. “Own a piece of Budweiser history,” the video explains, while showing a few previews of the NFTs called “Budverse cans.” The company introduced the Budverse marketplace to the company’s fans at 1 p.m. (EST).

Budweiser NFT Web Portal Gets Bogged Down at Launch, Gold and Core Budweiser NFT Cans

While attempting to visit the Budweiser NFT web portal, the site seemed to be bogged down by lots of traffic, as the page gave multiple “504 Gateway Time-out” warnings after 1 p.m. After getting the site up and loaded, visitors must be 21 years or older to enter the web portal. Visitors are required to enter their age. That section of the portal gave another “error” when checking the legal drinking age. Finally, after 15 minutes of trying to enter the Budweiser NFT web portal with no luck, it suddenly opened for our newsdesk at 1:16 p.m. (EST).

“Introducing Budweiser’s first-ever NFT collection: Budverse Cans Heritage Edition. Composed of 1,936 unique digital cans, representing 1936, the year of the first Budweiser can,” the Bud-centric NFT website says. “Each NFT is one of a kind and generated using archived photos, ads, and designs from throughout Budweiser’s storied history. Each NFT will act as an entry key to the Budverse, unlocking exclusive benefits, rewards and surprises for all 21+ (or legal drinking age) NFT holders.”

The collection showcases 1,900 “Core NFTs,” which are generative art NFTs showcasing iconic Budweiser cans from throughout the beer company’s history. The Budweiser Core NFTs also unlock some kind of “exclusive access” and rewards from the Budverse.

The collection further has 36 super rare “Gold NFTs,” which feature the firm’s iconic heritage cans. The Budweiser website says the Gold Budweiser NFTs give VIP tickets to the “best experiences in Budverse and beyond.” Many of the Budweiser NFT cans sold out in a matter of minutes, and people will have to wait until the unique NFTs start getting listed on second-market platforms.

Budweiser is not the only brand trying to get its feet wet in the metaverse with NFTs. At the end of August, the popular beverage producer and brand Arizona Iced Tea introduced NFTs with the Bored Ape Yacht Club team. The fast-food giant McDonald’s recently unveiled the “McRib” non-fungible token collectible. Both Nike and Adidas have been stepping toward the metaverse and blockchain-backed NFTs in recent times as well.

What do you think about the Budweiser NFT collection? Let us know what you think about this subject in the comments section below.



from Bitcoin News

Fed Chair Jerome Powell Could ‘Slow Crypto Down’ in His Second Term, Warns Billionaire Mike Novogratz

Fed Chair Jerome Powell Could 'Slow Crypto Down' in His Second Term, Warns Billionaire Mike Novogratz

Billionaire investor Mike Novogratz has cautioned that Federal Reserve Chairman Jerome Powell could slow down the crypto market in his second term in office. Commenting on his renomination, Novogratz said Powell could “act more like a central banker than a guy that wants to be reappointed.”

How Jerome Powell’s Second Term as Fed Chair Could Impact Crypto

Billionaire investor Mike Novogratz, CEO of Galaxy Digital, talked about the impact the renomination of Jerome Powell as the Federal Reserve chairman for another term could have on the crypto market on CNBC last week.

President Joe Biden nominated Powell to serve for a second term as Fed chair last week. Powell has overseen the biggest monetary stimulus in U.S. history to help the economy cope with the Covid-19 pandemic and subsequent crisis.

The “macro story has changed a little bit,” Novogratz explained, adding that Powell getting reappointed could allow him “to act more like a central banker than a guy that wants to be reappointed.”

Emphasizing, “We have inflation showing up … in pretty bad ways in the U.S.,” Novogratz opined, “So we can see, is the Fed going to have to move a little faster?” The billionaire fund manager continued:

That would slow all assets down. It would slow the Nasdaq down. It would slow crypto down, if we have to start raising rates much faster than we thought.

Mike Bailey, director of research at FBB Capital Partners, also commented on the effect Powell’s second term in office could have on the crypto industry. He was quoted by Bloomberg last week as saying:

For die-hard crypto bulls, another Powell term may provide some confirmation bias, since these investors often view crypto as a hedge for loose Fed policy.

However, Douglas Boneparth, president of the financial advisory firm Bone Fide Wealth, said that overall there is uncertainty about how markets will react without additional support from the Fed.

Meanwhile, Novogratz remains bullish about the outlook of the crypto industry. He shared:

The amount of institutions Galaxy sees moving into this space is staggering.

“I was on the phone with one of the biggest sovereign wealth funds in the world today, and they’ve made the decision on a go-forward basis to start putting money into crypto,” he detailed. “I’ve had the same conversations with big pension funds in the United States.”

Microstrategy CEO Michael Saylor recently said that bitcoin will grow 100X to become a $100 trillion asset class. A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023. Investment bank Goldman Sachs said in May that fear of missing out (FOMO) is driving institutional investors to bitcoin.

Do you agree with Mike Novogratz? Let us know in the comments section below.



from Bitcoin News

Crypto Exchange Kraken Now Supports Shiba Inu — SHIB Trading to Begin Tomorrow

Crypto Exchange Kraken Now Supports Shiba Inu — SHIB Trading to Begin Tomorrow

Cryptocurrency exchange Kraken has announced support for the meme cryptocurrency shiba inu (SHIB). Deposits are now live and SHIB trading is expected to commence on Tuesday. The price of SHIB surged following Kraken’s announcement.

SHIB on Kraken: Deposits Now Live, Trading Set to Begin Tomorrow

Crypto exchange Kraken announced Monday that shiba inu (SHIB) deposits are live and trading is expected to start Tuesday. The exchange wrote:

We’re thrilled to announce that Kraken now supports shiba inu (SHIB).

“Funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution,” the exchange clarified, noting that the futures and margin trading service will not be available at launch.

The shiba inu token will be tradeable against USD and EUR on Kraken, the announcement details, adding that there is a trading minimum of 50K SHIB, a price precision of 8 decimal places and a quantity precision of 5 decimal places.

Moreover, Kraken explained that SHIB deposits require 20 confirmations, which it estimates to be about five minutes. The minimum deposit is 373K SHIB.

The price of SHIB jumped more than 13% from the $0.00003899 level prior to Kraken’s announcement to $0.00004422 at the time of writing.

Shiba inu crypto investors have been waiting almost a month for Kraken to come through on its promise to list SHIB. The exchange tweeted on Nov. 1 that if its tweet gets 2K likes, the platform will list SHIB the next day. SHIB supporters delivered more than 45K likes within the time frame given. However, Kraken did not come through on its promise.

Instead of listing SHIB, the exchange tweeted on Nov. 2: “Community is an important part of our considerations for all listings, and you have clearly shown your support. There’s more work for us to do as we move through our listing review process.”

Meanwhile, shiba inu crypto supporters are still petitioning for the trading platform Robinhood to list SHIB. At the time of writing, the petition has garnered more than 540K signatures. However, Robinhood recently said that it is in no hurry to list additional cryptocurrencies. Another major crypto exchange, Gemini, also added support for SHIB this month.

What do you think about Kraken finally listing SHIB? Let us know in the comments section below.



from Bitcoin News

Microstrategy Buys 7,002 More Bitcoins, Growing Crypto Stash to 121,044 BTC

Microstrategy Buys 7,002 More Bitcoins, Growing Crypto Stash to 121,044 BTC

Microstrategy has purchased 7,002 more bitcoins, growing its cryptocurrency stash to 121,044 coins. CEO Michael Saylor says, “Bitcoin is the only property you can truly own, as well as the first technology capable of granting property rights to everyone on earth.”

Microstrategy Now Has 121,044 Bitcoins in Its Treasury

The Nasdaq-listed company Microstrategy has purchased 7,002 more bitcoins. CEO Michael Saylor tweeted Monday:

Microstrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per bitcoin. As of 11/29/21 we hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin.

At the time of writing, the price of bitcoin is $57,095.58 based on data from Bitcoin.com Markets. This means Microstrategy’s bitcoins are now worth more than $6.9 billion.

Recently, Saylor discussed bitcoin becoming a $100 trillion asset class. He noted that bitcoin is winning against gold, asserting that “digital gold is going to replace gold this decade.” The bitcoin market cap is currently around $1.11 trillion.

In addition, the Microstrategy executive said he is not at all troubled by regulation that is being discussed in Washington, noting that it will affect security tokens, decentralized finance (defi) exchanges, crypto exchanges, and other use cases of cryptocurrency that are not bitcoin. In his opinion, “bitcoin is unstoppable as digital property.”

On Friday, Saylor tweeted, “Bitcoin offers better inflation protection than gold and is growing faster than big tech.” He believes that BTC “is the only property you can truly own, as well as the first technology capable of granting property rights to everyone on earth.” He emphasized, “In time, we will come to understand that it is concentrated energy in digital form and critical to the progression of our civilization.”

Commenting on reports that the Indian government may be seeking to prohibit cryptocurrencies, such as bitcoin and ether, the Microstrategy boss opined:

Bitcoin is digital property and is going to be adopted as a store of value asset in every nation that allows citizens to own private property.

In contrast, Saylor explained that “A stablecoin is digital currency for use as a medium of exchange and will be issued by chartered banks.”

What do you think about Microstrategy’s bitcoin purchase? Let us know in the comments section below.



from Bitcoin News

Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 Blockchains

PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through PancakeSwap, UniSwap, and QuickSwap, respectively, with one supply across the three blockchains and balanced initial liquidity pools.

This is the first time a token has launched on three chains at the same time and marks the first time the RISE token will be available on Polygon. The token was previously available on both the Binance Smart Chain and Ethereum.

The upgraded contract features several noteworthy innovations and changes. Larry from Certik.io noted in an update to the EverRise community, “The upgraded EverRise contract is a technological tour de force. The Certik team is impressed with the level of innovation and engineering.”

The most significant new feature is the introduction of staking, replacing reflections, and allowing the transaction tax to be reduced from 11% to 6%. Holders choosing to stake their tokens have the flexibility of choosing between one and twelve months staking pools. The reward pool is fed by a brand new automated buyback. Instead of sending tokens to the burn address, the upgraded automated buyback distributes the purchased tokens to the staking reward pool. Tokens will no longer be burned as the supply is now fixed and consolidated in a 10,000:1 ratio to just under 72 billion tokens (71,618,033,988).

With the v2.0 launch, the EverRise ecosystem of decentralized application (dApps) will be available to developers on all three chains to bring security and assurance to project developers and investors. EverRise currently offers EverOwn, a smart contract locker, and EverBridge, a cross blockchain bridge capable of block speed transfers, to developers. EverSale, EverLock, EverWallet, and EverSwap are currently planned and in development.

EverRise developed two new dApps, EverMigrate and EverStake, to go accompany the upgraded contract. EverMigrate helps to streamline the token migration process and EverStake allows holders to stake their new tokens. EverMigrate will be made available to other projects looking to transition to a new smart contract at a later date.

Besides the new dApps on the horizon, EverRise is looking forward to bringing both their token and ecosystem of dApps to more blockchains in the future. They are committed to bringing safety and security to the entire DeFi space.

About EverRise

EverRise is a blockchain technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Binance Smart Chain, Ethereum, and Polygon networks and currently offer EverBridge, EverOwn, EverMigrate, and EverStake with more on the way.

Website | Twitter | Telegram | Discord | Reddit | Facebook | Instagram | YouTube


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News

Δευτέρα 29 Νοεμβρίου 2021

Google Alerts Users About Malicious Actors Using Cloud for Cryptocurrency Mining

google cloud

Google has warned users about the use of its Google Cloud platform by malicious actors to mine cryptocurrencies. In its latest Cloud Threat Intelligence report titled “Threat Horizons,” which provides users with security insights, the company informed that 86% of the compromised instances on Google Cloud platforms were being used to mine cryptocurrencies. Most of the accounts compromised were secured with weak passwords or with no password at all.

Google Cloud Used to Mine Cryptocurrencies

Software giant Google is alerting users about malicious actors using compromised Google Cloud accounts for mining cryptocurrency. Google Cloud accounts have access to processing power that can be easily redirected to perform malicious tasks. According to the first “Threat Horizons” report, issued by Google to raise awareness about the security weaknesses in its platform, 86% of the compromised accounts are used for this purpose.

The report states that cryptocurrency mining in the cloud causes high usage of CPU and/or GPU power. It also makes reference to the mining of alternative cryptocurrencies like Chia, which use storage space as a mining resource.

Causes and Mitigation

The first cause of the compromise of the examined Google Cloud instances was poor security due to different issues. One of these issues was a weak or inexistent password to access the platform, or a lack of API validation in the instance. With no basic security measures applied, a malicious actor can easily take hold of these platforms. Other cloud platforms are also facing similar problems.

Most of the studied instances downloaded the cryptocurrency mining software in less than 22 seconds after being compromised. This shows that there are systematic attacks of these unsecured instances, with the sole intention being to use them for this purpose. Also, the malicious actors seem to be tracking these unsecured Google Instances actively, given that 40% of the unsecured instances were compromised within eight hours of being deployed. Google stated:

This suggests that the public IP address space is routinely scanned for vulnerable Cloud instances. It will not be a matter of if a vulnerable Cloud instance is detected, but rather when.

To mitigate these risks, the report recommends users follow basic best security practices and implement container analysis and web scanning, tools that will probe the system for security weaknesses using different techniques like crawling.

What do you think about the use of Google Instances to mine cryptocurrency by malicious actors? Tell us in the comments section below.



from Bitcoin News

Plan B Says Bitcoin Price Still ‘on Track Towards $100K’ Despite Missing November’s Price Prediction

This month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast missed the mark in November. Despite the recent bitcoin price drop, Plan B still seems confident bitcoin’s price is “on track towards $100K.”

Plan B’s Bitcoin Price Prediction for November Misses the Analyst’s $98K Call

The infamous pseudonymous bitcoin analyst Plan B is well respected among bitcoiners and has amassed 1.5 million Twitter followers since October 2017. Plan B is the creator of the popular bitcoin price model called stock-to-flow (S2F), which quantifies the commodity’s (bitcoin) scarcity and then divides it by yearly issuance (the flow). The analyst has done well as far as bitcoin (BTC) price predictions are concerned, but this month one of his calls missed.

It started four months ago when Plan B tweeted about his “worst-case scenario for 2021” forecast in June. Plan B stated that he believed BTC prices would be “Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K” in the worst-case scenario.

So far three out of four of his monthly price predictions have come to fruition and Plan B was also correct when he said: “$64K was not the top.” The miss this month was the first time Plan B’s prediction has been off so far as the call for November had a $98K target.

Plan B Acknowledges November Price Prediction Missed

Plan B acknowledged that his prediction missed this month as bitcoin (BTC) prices slid under the $60K zone following the recent $69K ATH. “Floor model $98K [November] close will probably be a first miss (after nailing Aug, Sep, Oct). S2F model not affected and indeed on track towards $100K,” Plan B stressed to his 1.5 million followers on November 25.

More than 39,000 accounts on Twitter liked the tweet and it was shared close to 5,000 times. Correctly forecasting three out of four predictions is very good and Plan B’s followers are curious about what the price will be for the month of December.

Two days later, the pseudonymous bitcoin analyst tweeted about the crypto asset’s relative strength index (RSI). “Bitcoin RSI 66 and 10% below monthly close ATH,” Plan B said. The following day, Plan B noted that “bitcoin has better risk-adjusted returns than all other assets.”

Plan B Says Bitcoin Price Still 'on Track Towards $100K' Despite Missing November's Price Prediction

The analyst also created a poll, which has 19 hours left, but so far has received 142,490 votes. The poll asks if $69K was the top for this halving cycle or if the price of bitcoin (BTC) will exceed the $69K ATH reached on November 10. Stats from Plan B’s poll indicate that at the time of writing, 78.4% think BTC’s price will surpass $69K while 21.6% voted that “$69K was the top.”

What do you think about Plan B missing the November prediction but correctly forecasting the last three months prior? Do you think bitcoin is headed for $100K or do you think $69K was the top? Let us know what you think about this subject in the comments section below.



from Bitcoin News

Μπορεί το sell off των κρυπτονομισμάτων να προκαλέσει μια νέα ύφεση;

Η καταιγίδα που σαρώνει την αγορά των κρυπτονομισμάτων δεν λέει να κοπάσει. Οι τιμές των token καταρρέουν, οι εταιρείες crypto προχωρούν σε ...