Crypto
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Meaningless and weak: Debunking the ‘Bitcoiners are psychopaths’ study
A study claiming that psychopaths and others with ‘Dark Tetrad’ personality traits are drawn to crypto has been criticized as “meaningless” for showing very weak correlativity by a psychology expert from The University of Otago. Researchers with backgrounds predominately in marketing and advertising from the Queensland University of Technology (QUT) surveyed 566 people on their attitudes toward crypto and correlated the results with four specific personality traits: narcissism, psychopathy, Machiavellianism, and sadism. The findings were first shared by The U.S. Sun, and were widely syndicated by the mainstream media, with the New York Post headline screaming “Bitcoin fans are psychopaths who don’t care about anyone,” and Salon asserting that “Impulsive psychopaths like c...
Ripple CEO says Bitcoin tribalism is curtailing overall progress
Brad Garlinghouse says there is fractured representation in the crypto industry Garlinghouse also believes that there’ll be many winners with the explosion of crypto, not just one Ripple Labs CEO Brad Garlinghouse has gone in on Bitcoin maximalists over their role in impeding the growth of the larger crypto scene. Speaking recently during a fireside chat at the Paris Blockchain Week Summit, Garlinghouse told CNBC that this class of Bitcoin followers has created ‘tribalism’ and polarisation which aren’t good factors. “Polarisation isn’t healthy in my judgement,” the Ripple CEO said. A boom is coming, and Garlinghouse is in for it Garlinghouse explained that he believes that the scene will eventually explode and is convinced that the wave will carry many along with it. In t...
Interview: RAILGUN – bringing privacy to the Ethereum blockchain
One of the aspects of crypto I have always found the most fascinating is the public nature of the blockchain. The ability to track funds shifting around the world is completely unique. Jump onto Etherscan, and within seconds you will know the balance of any wallet. Of course, there are downsides to this as well, and many a fervent debate occurs within crypto circles (and indeed wider mainstream media) about the proponents and downsides to both the anonymity that crypto offers, but also this publicly trackable ledger that we call the blockchain. Should you really be able to see exactly how much my wallet contains when I send you some ETH? RAILGUN is a decentralised smart contract project which works amongst this sector – dealing with anonymity and privacy on the blockchain. Today, they have...
Ethereum (ETH) and Terra (LUNA) favoured by a popular Real Vision Bot
The Real Vision hive mind bot is popular for outperforming the combined top 20 crypto assets by more than 20% Terra’s LUNA regained the top spot as the most heavily weighted digital asset Real Vision’s Hive Mind bot, notorious for outperforming top crypto assets in the markets, has revealed the portfolio assessment for the week, and it finds Terra the most heavily weighted digital asset. The Real Vision Bot conducts surveys of traders to understand crypto-related data, which it uses to establish an algorithmic portfolio assessment based on Hive Mind. The latter is a consensus that determines to understand the general consciousness and behaviour of a group of people to determine what direction they might take next. This data-crunching bot was created jointly by quant analyst/ hedge fund exe...
Top NFT tokens to consider on April 20: GMT, GENE and AUDIO
STEPN (GMT), Genopets (GENE) and Audius (AUDIO) are all NFT platform-based tokens. Each token has showcased signs of growth. All of these tokens have the potential for much further growth. STEPN (GMT), Genopets (GENE) and Audius (AUDIO) are all non-fungible token (NFT) platform tokens. In order for us to see how far these tokens have grown and how much further they can grow in value, we will be taking a look at each one of them individually. Should you buy STEPN (GMT)? On April 20, 2022, STEPN (GMT) had a value of $3.5257. When we go over the ATH point of value, STEPN (GMT) was worth $3.79 on April 19, 2022. At its ATH, the token was just $0.2643 higher in value or by 7%. Going over the performance of the token throughout the previous month, STEPN (GMT) had its lowest point on March 11 at ...
The many layers of crypto staking in the DeFi ecosystem
Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node infrastructure on a proof-of-stake (PoS) network. PoS is one of the most popular mechanisms that allows blockchains to validate transactions and it has become a credible consensus mechanism alternative to the original proof-of-work (PoW) used by Bitcoin. Miners require a lot of computational power to carry out the energy-intensive PoW, while PoS requires staking coins as collateral to validate blocks and verify transactions, which is significantly more energy-efficient and presents less centralization risk. These are some of the reasons why companies like Mozilla ch...
The metaverse puts the digital asset interoperability challenge on steroids
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. In the year 2022, we no longer need to ponder how many stars there are in the sky — Yale astronomer Dorrit Hoffleit has already established that humans can see about 9,096 from Earth with the naked eye. Now that we are past that, we might as well start pondering how many metaverses there are on the internet, and oh boy, are those plentiful. When rebranding into Meta, the company formerly known as Facebook opened the floodgates, pushing the concept of the metaverse, a shared virtual reality (VR) and augmented reality (AR) digital experience, right into the sp...
BTC and ETH will break all-time highs in 2022 — Celsius CEO
During the recent Paris Blockchain Week Summit, Cointelegraph’s Joseph Hall sat down with Alex Mashinsky, CEO of Celsius Network, to talk about several topics, including where the Bitcoin and Ether markets are going. According to Mashinsky, Bitcoin (BTC) received very strong support at around $30,000 to $33,000. The entrepreneur believes that Terra’s recent BTC purchase played a significant role in supporting BTC’s price, along with other institutions entering the market. He also mentioned that if retail investors join in, it may lead BTC to new highs. “I definitely think that the demand is here. So, I don’t see us revisiting previous lows.” On the other hand, Mashinsky also recognized that there are some “clouds in the sky.” According to the Celsius C...
DeFi token AAVE eyes 40% rally in May but ‘bull trap’ risks remain
A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests. AAVE price rebounds from key support Dubbed a “rising wedge,” the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It typically resolves after the price breaks below the lower trendline with convincingly rising volumes. AAVE has been painting a similar ascending channel since early February 2022. The AAVE/USD pair has bounced in the past few days after testing the wedge’s lower trendline as support. This means the bulls are now eyeing the pattern’s upper trendline near $280, up over 40% from April 20’s price. AAVE/USD daily price chart. Sou...
ADA slips below LUNA and SOL, USDT holds onto the third-largest stablecoin rank
Cardano’s native token ADA has lost ground and is down to ninth in market capital rankings Terra’s USD stable coin surpassed Binance USD in market capital earlier this week The crypto market is calm on Wednesday morning, with the majority of the crypto assets posting gains between 2% and 5% on the day. Solana (SOL) and Terra (LUNA) are the notable altcoins in the top ten – both registering price increases of marginally over 5% in the last 24 hours. The two tokens have surpassed Cardano’s ADA in market capital rankings on the back of this ascent. Market data shows the latter has retreated to ninth with a circulating value of just over $32 billion. SOL and LUNA, on the other hand, have equivalent figures of $35.8 billion and $33.5 billion, respectively. Terra’s stable coin races past B...
3LAU Wipes Out Artist’s Student Loan Debt With Cryptocurrency
Distressed by accumulating student loan debt, music producer and visual creative director Bdice reached out to 3LAU for feedback on an idea. What happened next changed the trajectory of his life forever. A multi-faceted creative, Bdice understood well the need to retain ownership of his work. He had been well versed in the possibilities of Web3 and was actively exploring opportunities to monetize his work. Unfortunately, Bdice tells EDM.com, he had found himself in dire straits from a financial standpoint. He’d gone through Audio Engineering & Music Production school, but the aftermath left him six figures in debt. Despite monthly payments, the interest continued to eat away his progress. He had spent $100,000 over 10 years in interest payments alone. Nonetheless, Bdice was...
Crypto-focused SPAC raises $115M in Nasdaq IPO
Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its initial public offering (IPO) on Nasdaq and raised $115 million, focusing on crypto industry assets. The Cayman Islands-incorporated SPAC raised an impressive $100 million during its April 13 IPO, with an over-allotment of $15 million, bringing its total to $115 million, according to an announcement from the firm on Tuesday. It also has funding from sponsorships with Singapore-based financial services firms Aura Group and Fat projects. The SPAC’s website states that it has a presence in Australia, New Zealand, Singapore, Indonesia, Vietnam, Thailand, Malaysia and the Philippines. Aura FAT will target acquisitions in the blockchain sector as it has a stated interest in emerging technolo...
