crypto blog
How to use UniSwap: A step-by-step beginner’s guide
The Uniswap decentralized exchange (DEX) is the most popular DEX built on the Ethereum blockchain. For users wondering, “What is Uniswap?,” this article provides an overview of what it is and how it works as well as several ways users can get started using the Uniswap DEX. With Uniswap, users can swap crypto tokens without having to rely on an intermediary. Not having to rely on a third party leads to next to no economic rents being collected. Instead, Uniswap relies on smart contracts to execute trades. Smart contracts are algorithms that self-execute once certain preset conditions are met. How does Uniswap work? Because Uniswap is an open-source protocol, many DEXs with the suffix “swap” have been released into the market. These protocols are essentially copies of...
Bitcoin falls to $36K, traders say bulls need a ‘Hail Mary’ to avoid a bear market
Bitcoin (BTC) price continues to sell-off and the knock-on effect is an even sharper correction in altcoins and DeFi tokens. At the time of writing, BTC price has sank to its lowest level in 6 months and most analysts are not optimistic about an immediate turn around. Data from Cointelegraph Markets Pro and TradingView shows that a wave of selling that began late in the day on Jan. 20 continued into midday on Friday when BTC hit a low of $36,600. BTC/USDT 1-day chart. Source: TradingView Here’s a check-in with what analysts have to say about the current downturn and what may be in store for the coming weeks. Traders expect consolidation between $38,000 and $43,000 The sudden price drop in BTC has many crypto traders predicting various dire outcomes along the lines of an ext...
The life cycle of smart contracts in the blockchain ecosystem
The formation of a smart contract, freezing of the smart contract, execution of the smart contract and finalization of the smart contract are the four significant steps of a smart contract’s life cycle. It is different from the blockchain development life cycle, which begins with defining the issue you want to resolve with your blockchain product and ends with a minimum viable product. Create Iterative contract negotiation and an implementation phase make up the creation phase. First, the parties must agree on the contract’s overall content and goals. This is similar to traditional contract negotiations and can be done online or offline. On the underlying ledger platform, all participants must have a wallet. Its identifier is pseudonymous in most circumstances, and it is used t...
Altcoin Roundup: 3 emerging P2E gaming trends to keep an eye on in 2022
Blockchain-based play-to-earn (P2E) gaming had a breakout year in 2021, and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those that invest in it will need to consider what the next steps are. During bull markets, vaporware, speculation and euphoria can lead to unrealistic valuations and expectations, and this appears to also have impacted the P2E sector. Now that the hype is “over,” investors and developers will need to identify new value propositions that catalyze growth and steady investment into the blockchain gaming sector. Here’s a closer look at some of the trends that could emerge in the P2E ecosystem in 2022. Profit-sharing communities The first trend to keep an eye on in 2022 is projects that are looking to harness interest in nonfungible tokens to cr...
Blockchain and the evolution of business models in the game industry
The first computer games were developed in the late 20th century with the sole purpose of entertaining their audience. One of the first goals was to distract players from their routine work and provide them access to a fantasy world. Very soon, games began to compete for users’ time against traditional forms of entertainment, such as movies, circuses, theater performances, zoos, etc. Planet Earth entered the new millennium with a population of over 6 billion people, and the forecast is that this number will reach 8 billion as early as 2023. If we assume that computer games will cease to be an alternative to work and become complementary to it, there will be 4 billion gamers in the world by then. Not surprisingly, the traditional boundaries between games, media, sports and communicati...
Best 5 Ways to Make Money in the Metaverse
Metaverse experiences such as Decentraland, The Sandbox and many others are evolving as venues for business, commerce, networking and marketing. While blockchain metaverses are quite new, tech-savvy entrepreneurs have started to run revenue-generating businesses in these virtual environments. Because these virtual environments allow users to own custody of their in-game assets via their crypto wallets, a vibrant economy of goods and services is emerging in the metaverse. This allows players to engage in activities that allow them to earn cryptocurrency, build brands, and trade with others—the possibilities are almost endless. Are you interested in making money in the metaverse? Read ahead for our guide that details several methods players use to earn cryptocurrency, start a business, and b...
Price analysis 1/21: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE
Bitcoin (BTC) and most major altcoins continue to witness a bloodbath on Jan. 21 and the result of the most recent downturn has been a $200 billion reduction in market capitalization. A new report by Huobi Research, in collaboration with Blockchain Association Singapore, forecast Bitcoin to enter a bear market in 2022. The liquidity tightening measures undertaken by the U.S. Federal Reserve and other central banks across the world and the regulatory action by authorities could play spoilsport and keep crypto prices under check. Daily cryptocurrency market performance. Source: Coin360 The calls for a bear market have not shaken up the resolve of MicroStrategy CEO Michael Saylor who is determined to hold on to the company’s Bitcoin holdings. Saylor said in a recent interview...
Reuters: Binance was withholding information from regulators, repeatedly shunned own compliance department
In a report published on Friday, Reuters laid out the findings of its investigation into the regulatory compliance practices of Binance, the world’s largest cryptocurrency exchange by trading volume. The authors suggest the existence of a recurring pattern whereby the company’s CEO Changpeng Zhao, while proclaiming its openness to government oversight, ran an organization that systematically denied regulators’ requests for financial and corporate structure information and shirked proper client background checks. The reported findings are based on the accounts of Binance’s former senior employees and advisers, as well as the review of documents such as internal correspondence and confidential messages between several national regulators and the company. According to the document, several hi...
A key Ethereum price metric hits a 6 month low as ETH falls below $3K
Ether (ETH) price lost the $3,600 support on Jan. 5 as minutes from the Federal Reserve’s December FOMC meeting showed that the regulator was committed to decreasing its balance sheet and increasing interest rates in 2022. Even with that looming overhead, Ether has problems of its own, more specifically, the ongoing $40 and higher average transaction fees. On Jan. 3 Vitalik Buterin said that Ethereum needs to be more lightweight in terms of blockchain data so that more people can manage and use it. The concerning part of Vitalik’s interview was the status of the Ethereum 2.0 upgrade, which is merely halfway implemented after six years. The subsequent roadmap phases include the “merge” and “surge” phases, followed by “full sharding implementation.&#...
NFTs and compliance: Why we need to be having this conversation
“Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws.” — Plato The above quote has withstood the test of time. Across industries, markets, communities and ideas, people ultimately will find a way to either do good or at worse, wrong. Nonfungible tokens (NFTs) and crypto are certainly no exception to the rule. The industry is exploding — overflowing even — with endless drops, jaw-dropping floor prices and adoption across ever-expanding corners of culture. NFTs are moving forward at breakneck speed, and the money is there. According to data from market tracker DappRadar, NFT sales skyrocketed to $10.7 billion in the third quarter of 2021, up more than 8x from the previous quarter. That’s a lot of Apes and Penguins. Creators, br...
Crypto market sees red ahead of weekend – Bitcoin and Ether down more than 7.50% on the day
For the second time in two weeks, Bitcoin has fallen below $40k, this time coming closest to the $38k support The crypto market crashed during today’s morning session in its entirety, with dollar-pegged stablecoins being the only survivors. Data provided by CoinMarketCap indicates that Bitcoin, which had gained towards $43,000 on Thursday, fell to a six-month low of $38,560. At the time of publication, the pioneer crypto coin is trading below $39k, having shed 7.68% in the last 24 hours. Along with Bitcoin, Ethereum is also feeling the blow to the market. In the past 24 hours, the second most valuable digital asset dipped to a $2,827.7o low. At the time of press, the coin is changing hands slightly above that figure, at $2,880.22, but still down 8.34% on the day. Altcoins in the red ...
3 of the best DeFi Tokens you can buy on January 21, 2022
Chainlink (LINK), Uniswap (UNI), and Terra (LUNA) are all DeFi tokens you can consider buying. Each token has its own stand-out feature. They are all at a solid price point currently. Decentralized Finance (DeFi) has truly evolved and plays a major role within the crypto world at the moment. Chainlink (LINK), Uniswap (UNI), and Terra (LUNA) are all tokens that are worth your attention, and all of them have the potential to increase in value by the end of January 2022. Should you buy Chainlink (LINK)? On January 21, 2022, Chainlink (LINK) had a value of $18.88. To get a better perspective as to what kind of value point this is for the LINK token, we will go over its ATH point of value alongside its performance last month. LINK’s ATH was on May 10, 2021, when it reached $52.70. It was ...
