• Breaking News

    Sunday, February 13, 2022

    Crypto Currency Markets Telos announced the launch of its Ignite initiative on Monday this week. The initiative aims to fund developers working on Web3 applications on Solidity, Vyper, and Native C++ smart contracts

    Crypto Currency Markets Telos announced the launch of its Ignite initiative on Monday this week. The initiative aims to fund developers working on Web3 applications on Solidity, Vyper, and Native C++ smart contracts


    Telos announced the launch of its Ignite initiative on Monday this week. The initiative aims to fund developers working on Web3 applications on Solidity, Vyper, and Native C++ smart contracts

    Posted: 13 Feb 2022 12:12 AM PST

    Intel enters the crypto space with mining

    Posted: 12 Feb 2022 01:28 PM PST

    I scraped Reddit for the top ticker mentions in the last 24H. Here are the results (Sunday February 13, 2022)

    Posted: 13 Feb 2022 03:35 AM PST

    Ticker Company # Mentions (24H) Percent Change (24H) Mentions and Charts
    BTC Bitcoin 457 -18.25 See Specific Mentions
    ETH Ethereum 203 -17.14 See Specific Mentions
    CRO Crypto.com Coin 198 106.25 See Specific Mentions
    SOL Solana 84 170.97 See Specific Mentions
    ADA Cardano 67 3.08 See Specific Mentions
    SNL Sport and Leisure 48 500.00 See Specific Mentions
    DOT Polkadot 48 -21.31 See Specific Mentions
    ATOM Cosmos 46 24.32 See Specific Mentions
    XRP XRP 43 30.30 See Specific Mentions
    ALGO Algorand 41 -25.45 See Specific Mentions
    ONE Harmony 40 90.48 See Specific Mentions
    LRC Loopring 38 0.00 See Specific Mentions
    BNB BNB 34 25.93 See Specific Mentions
    FTX FintruX Network 34 209.09 See Specific Mentions
    DYOR DYOR Token 32 28.00 See Specific Mentions
    SHIB Shiba Inu 31 63.16 See Specific Mentions
    XLM Stellar 30 -23.08 See Specific Mentions
    CEX Catena X 28 16.67 See Specific Mentions
    CKB Nervos Network 27 237.50 See Specific Mentions
    FED Fedora Gold 25 -16.67 See Specific Mentions
    FTM Fantom 25 56.25 See Specific Mentions

    Data source credits: Memeberg Terminal. For realtime mention counts and to see the specific comments people made about a ticker instead of just aggregate numbers, visit the source of this data @ https://memebergterminal.com

    submitted by /u/CurrentPangolin
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    Solo Mine Bitcoin With Blockstream Satellite

    Posted: 13 Feb 2022 03:17 AM PST

    Crypto Fraud Fears Are Overblown

    Posted: 12 Feb 2022 07:52 PM PST

    Canada Would Become the Crypto Power House with This Newly Introduced Cryptocurrency Bill

    Posted: 12 Feb 2022 10:20 PM PST

    NFTs are more than JPEGs. A deep dive into the utillity of NFT ticketing

    Posted: 12 Feb 2022 02:19 AM PST

    NFTs are more than JPEGs. A deep dive into the utillity of NFT ticketing

    Recently NFTs have been getting an increasing amount of hate, due to the number of cash grabs and scams. The post below last week went viral on twitter with over 200k likes. However, NFTs have many applications, in this post I will explore the utillity of NFT ticketing.

    https://preview.redd.it/siungx9fndh81.png?width=404&format=png&auto=webp&s=2ab6c39eeee862c78ae4de38a80a2524ae0f59d7

    NFTs are more than JPEGs, but what is an NFT?

    " NFTs are a simple set of blockchain standards that enable genuine ownership in a way that is interoperable, re-mixable, and secure. For the first time, users can now genuinely own digital objects. - Chris Dixon

    This makes NFTs an excellent usecase for ticketing, gaming and art. Coachella, the Super bowl and number of other high profile events have been experimenting with NFT ticketing.

    https://preview.redd.it/u5fx3gujndh81.png?width=236&format=png&auto=webp&s=a70d775be4d0fd3694d1840c673fa577cc79d163

    1. No immediate validation

    Attendees cannot easily verify if their tickets are valid (Tackmann, 2017).

    2. Lack of Transparency

    A lack of transparency in the secondary market is evident in the event ticketing industry (Waterson, 2016). Event organizers do not have an ownershiptrail, which shows if intermediaries

    3. Lack of trust:

    Consumers have to trust third parties when buying tickets on secondary markets and thus face the risk of purchasing fraudulent or invalidated tickets, that face the risk of being cancelled or are counterfeits. Furthermore, event organizers have to trust ticketing companies that they sell all tickets on primary market and not keeping a portion for themselves to sell tickets at a high mark-up straight to the secondary market. Like Ticketmaster's secret scalping program

    https://www.youtube.com/watch?v=N-HCqL38WdY

    4. No control over secondary markets:

    Consumers ticket prices on secondary markets are taken to extremes, partially through the use of bots which automatically drive up prices to earn a profit by reselling them at the highest possible markups (Courty, 2017). From the event organizer's point of view, a major problem is the limited control over secondary transactions.

    1. Dependence on intermediaries:

    Event organizers are dependent on intermediaries and bear financial risks while being cut off from windfall profits and direct relations with event attendees.

    How do NFT tickets solve these problems?

    On a public blockchain the ticket buyer can immdiately verify if the ticket is the original one. Consumers do not have to trust intermediaries anymore, but can instead verify if the ticket is real. A public blockchain is transparent. Event organizers and ticket buyers can check the ownership trail. This gains valuable insight in the transfers of tickets in secondary markets and can be used for future marketing opportunity's. The event organizer can also check if ticketmaster is secretely selling a portion of the ticket directly on secondary like in the example above. A smart contract can prevent the resale of tickets or include the a royalty fee for artist. This is similar to NFT art, where a royalty is often included.

    Other Benefits are that the NFT ticket can be used to for continuous engagement of the artist with fans even after the event.

    Artists get the tools to use NFT tickets for community building and fan engagement. Think of NFT tickets giving access to special community places or even being used for governance, where fans can vote on what they want in future shows.

    https://preview.redd.it/bkqpbxxondh81.png?width=359&format=png&auto=webp&s=690408c91650f7dff225a4510871649939393826

    In the case of Coachella the the NFt ticket gives the following benefits

    https://preview.redd.it/dblj5x6rndh81.png?width=535&format=png&auto=webp&s=06aaead04df71142ec4ef91b856330de4509da58

    DeFi event financing

    A very interesting use case of tickets being NFTs is that still needs to be explored further is using DeFi to provide upfront funding of eventsThe NFT tickets can be used as collateral for event financing. In the future you should be able to invest in artists/shows of your preference by buying NFT tickets upfront and earning from them after they've gone on sale**.**

    This blog goes into more detail.

    https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5

    https://preview.redd.it/1aj6buztndh81.png?width=430&format=png&auto=webp&s=a04e25e6fc5f44b62ce97bacdef3168b41610e60

    NFT tickets in practice

    I bough an NFT tickets using GUTS a GET protocol powered NFT ticketing solution

    For mass adoption the purchase of ticket needs to be frictionless, the blockchain part needs to happen in the background. To test this I bough a ticket for a show of Max Cooper in London.You buy your ticket with fiat money and check-out like you have always done. Everything else happens in the background. You don't need an Ethereum wallet or any knowledge about blockchain/crypto whatsoever to buy a ticket**.**

    https://guts.events/yrwilh-max-cooper/lezoiu

    https://preview.redd.it/t0bj1g4wndh81.png?width=506&format=png&auto=webp&s=34a9a4dab6752685d7bb546a3efea9de2a7581bf

    I can verify the authenticity of the ticket on the NFT ticket Explorer

    https://explorer.get-protocol.io/

    https://preview.redd.it/wgjjbg2yndh81.png?width=359&format=png&auto=webp&s=81c1d7c58922909c2a47024a57c7e61777b16a92

    Claiming you NFT ticket to your wallet

    Claiming a ticket as an NFT is an "after the event" possbillity. It isn't mandatory and only influences the "after the show" experience. I'll get back to this and the benefits later.

    Claiming is done by either copy/pasting your wallet address in the app or scanning the QR-code of it.

    https://preview.redd.it/jzdczgk0odh81.png?width=506&format=png&auto=webp&s=eb52cef780da0115a1096242db0e4a842563859e

    Opensea

    The ticket I purchased from Max Cooper will only be claimable as an NFT after the event has passed

    But here is an example of another GET fueled NFT ticket tradeable on OpenSea:

    https://preview.redd.it/5l3eeo2codh81.png?width=366&format=png&auto=webp&s=e0d40d8b247accec5c88551f24e2021508493762

    Conclusion

    NFTs are much more than just JPEGs and scams. NFTs present an oppurtunity to revolutionize and disrupt industries. NFTs can prevent fraud and scams in the creative industry. An example of an industry that can easily capture the benefits of NFT is the ticketing industry. For mass adoption the purchase and reselling needs to be frictionless and not require any blockchain knowledge. Consumers can already easily buy ticket without having to know anything about crypto. Therefore, I expect that in the near future all tickets are going to be NFTs.

    The ticketing industry is already aware of the utillity of NFT. For instance Jack Goetzinger, the CEO of Seatgeek, thinks that in the next 5-10 years all tickets will be an NFT

    https://preview.redd.it/i5v32gs5odh81.png?width=359&format=png&auto=webp&s=21e6bf935f9607ecc8467c50d56755a027b60f83

    Sources

    https://adnanzzz.medium.com/nfts-are-much-more-than-just-jpegs-99c20cd963fd

    Courty, P. (2017). Ticket resale, bots, and the fair price ticketing curse. Retrieved from

    http://web.uvic.ca/~pcourty/FPT1005.pdf

    Tackmann, B. (2017). "Secure event tickets on a blockchain." In: Lecture Notes in Computer Science (Vol. 10436 LNCS, pp. 437–444).

    https://www.researchgate.net/publication/319646900_Secure_Event_Tickets_on_a_Blockchain

    Regner, Ferdinand & Schweizer, André & Urbach, Nils. (2019). NFTs in Practice – Non-Fungible Tokens as Core Component of a Blockchain-based Event Ticketing Application.

    https://www.researchgate.net/publication/336057493_NFTs_in_Practice_-_Non-Fungible_Tokens_as_Core_Component_of_a_Blockchain-based_Event_Ticketing_Application

    Waterson, M. (2016). Independent Review of Consumer Protection Measures concerning Online Secondary Ticketing Facilities.

    https://www.semanticscholar.org/paper/Independent-review-of-consumer-protection-measures-Waterson/8a21edcea9ca4e37fd0645b9a18e4805190fba07

    https://future.a16z.com/nfts-thousand-true-fans/

    submitted by /u/treaqura
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    Bloomberg explained: We expect US policymakers to adaption Cryptocurrency

    Posted: 13 Feb 2022 12:11 AM PST

    Donut app for staking crypto guarantees a min of 8.4% APR with no risk, no chances of loss..why isn't everyone doing this?

    Posted: 13 Feb 2022 03:56 AM PST

    Don't take my word for it, see reviews on app store. Feel free to try it with any amount. It's such a great app! They have boosts also. As of right now it has made me more than any crypto since cryptos keep going down as well as up. While donut is a steady continuous climb.

    https://apps.apple.com/us/app/donut-earn-8-apy-with-defi/id1484997461

    submitted by /u/photorph
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    Bitcoin on-chain data hints at institutions ‘deploying capital’ at expense of ‘hodlers’

    Posted: 12 Feb 2022 11:59 PM PST

    Making microloans More Accessible

    Posted: 13 Feb 2022 03:29 AM PST

    " Traditional microlending has one major limitation, funds are funneled to the borrower through a microlender accessible in the borrower's location. This limitation implies only people in certain regions have access to certain microloans. Blockchain is the panacea to this problem.

    Today's microlending system involves a website like suku.world, investors, and a borrower. Investors browse the microlending website for one or more people or ideas in which they may want to invest. The microlending website collects the funds and channels them to the borrower without any location limitation due to its decentralized system and finally, the borrower then invariably pays back the microloan with interest.

    As it has been known, blockchain has continued to transform the way the world does business."

    submitted by /u/FeelingFirefighter83
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    "A Decentralized Approach to Micro Lending "

    Posted: 13 Feb 2022 03:27 AM PST

    "Slowly but consistently, blockchain has changed the way the world does business. From finance, the internet, to sports betting there has been significant transformation brought about by the adoption of the decentralized system of blockchain. The future is indeed DeFi. Financing has never been easier and more accessible. This is greatly illustrated in DeFi Microlending. To those unfamiliar with the term, it essentially means access to microloans by small entrepreneurs and SMEs on a blockchain ecosystem. In traditional microlending, the workflow is as thus, a microlending website collects funds from investors and funnels them to a borrower through a microlender accessible in the borrower's location. Essentially, access to loans is location sensitive. However, with DeFi microlending, borrowers from anywhere can access microlenders from anywhere. Once more, blockchain is highlighted in its transformational glory.

    Some reputable platforms offer DeFi microlending services. A good mention here is SUKU DeFi ecosystem which leverages on algorithmic, autonomous interest rate protocol combined with SMS and Whatsapp-based tools to give these participants access to open financial applications."

    submitted by /u/Fabulous_Fox_2009
    [link] [comments]

    Why the Former JP Morgan Director Becomes CEO of the Algorand Foundation ?

    Posted: 12 Feb 2022 03:22 AM PST

    Top 5 Play-To-Earn (P2E) Tokens to Invest In 2022

    Posted: 12 Feb 2022 09:20 PM PST

    Coinmarketcap Listing

    Posted: 13 Feb 2022 02:21 AM PST

    Hey every1!

    I wanted to ask for your advice and opinion. (BSC chain only)

    As you guys know, there is a site named Coinmarketcap. Whenever CMC uploads a coin, it shows a big potential about it, and also there is quite a lot of people buying it as soon as it shows up.

    For those of you who don't know, there is a Telegram group named "Coinmarketcap Fastest Alerts" that uploads the coin even before it shows up on the original site, which also drives a small pump.

    Here's my question - Would you pay to have the information this group has 5 sec earlier? We've found a way to be faster, and considering selling the information properly, in order to make people be first, and earlier to this 46k group.

    Let me know what you think!

    Cheers.

    submitted by /u/Sisef
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    CryptoPunks Ethereum NFT Sells for Nearly $24M, Doubling Previous Record

    Posted: 13 Feb 2022 01:18 AM PST

    Russia will finally treat Bitcoin as a currency

    Posted: 11 Feb 2022 02:56 PM PST

    Why make Bitcoin legal tender? It’s already a taxble entity. Everytime I use Bitcoin it’s taxed

    Posted: 13 Feb 2022 12:59 AM PST

    Why need add more legislation to it? I know this sounds very opposing to the market sentiment and seems a little counterintuitive. But if Bitcoin is supposed to be "decentralized" then why are we waiting for central authority to accept it as legal tender?

    Anytime you spend your Bitcoin you get taxed BIG TIME.

    Maybe if DAOs and DeFi start taking over then it would be a good idea then. But I think we're a long way from reaching there.

    Still some projects like BitDAO are already investing hundreds of millions of dollars into DeFi and Web3 development so that reality could be happening sooner rather than later.

    Would be okay with using stablecoins as legal tender but you might as well just use fiat at that point cause a most popular stablecoins are backed by fiat currency in the real world.

    submitted by /u/jesusvsaquaman
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    Looking at Low Priced Coins like Penny Stocks

    Posted: 12 Feb 2022 06:58 PM PST

    Looking at Low Priced Coins like Penny Stocks

    I am a Penny Stock Portfolio Trader and live by a set trading rules, key indicators, tolerance level investing, and along with tested implemented strategies that work.... on All Exchanges...

    I want to now apply those same strategies and Rules Of Engagement to Cryptocurrency trading.. will they work? is the question I have - since the exchanges for Crypto are endless, unstoppable and continuous 24/7!!.... I implement a trading strategy based on timing so will the 24/7 throw off the timing? because the US markets start, then stop and during day has Redline indicators to stop or halt trading if a STOCK is Tooo low or trading to high, too fast??? NONE OF THIS APPLIES TO CRYPTO

    I like the Meme Coins, like $DOGE, $SHIB, $ELON and the SUPER low priced Coins with a HUGE Moonshot margin of Profitability like $TOKEN and SAITAMA..... they all have Billionaire Potential with little investments.. Invest a $1,000 and go from There - I truly think when you use the correct and effective trading strategies can truly Turn Pennies Into Dollars - Can It Also WORK for COINS??? the ever so volatile for every up and down Market we call Crypto.... Lets Look at Two coins and their Potential -

    One is $TONIC - Tectonic is a decentralized non-custodial algorithmic-based money market protocol that allows users to participate as liquidity suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion. Tectonic's protocol design and architecture references Compound, a proven and audited protocol. It is complemented with an attractive incentive program powered by $TONIC, the native token of Tectonic protocol.

    Two is $Elon - Dogelon Mars is a dog-themed meme coin on Ethereum and Polygon. It follows the example of other successful dog coins like Dogecoin, Shiba Inu and Floki Inu. Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. It alludes to Mars, a spin on the famous moon meme, implying that Dogelon will experience a massive upward movement. Beyond its tongue-in-cheek name, Dogelon Mars has managed to build a significant community, with more than 300,000 Twitter followers and more than 84,000 followers on Telegram.

    So what's Next? Do I get some great advise from People I don't know and never will meet and feedback from those who like being Hard on Social Media Platforms???? I like Crypto-Coins and look to Learn sooooooo much more on how to properly trade and earn in a Constant Volatile Market

    $TONIC

    submitted by /u/DrHaroldElam
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    Could Blockchain Technology Help End Fractional Reserve Banking?

    Posted: 12 Feb 2022 07:52 PM PST

    French Montana Tweeted About POTUS47DAO: The Next Big Thing to Happen in the Radio Caca (RACA)’s USM Metaverse!

    Posted: 12 Feb 2022 11:29 PM PST

    The Origin of Digital Currencies In a Nutshell

    Posted: 12 Feb 2022 07:42 PM PST

    Bitpanda huge problems ? Assets frozen ?

    Posted: 12 Feb 2022 11:18 PM PST

    BitTorrent BTT Assets not traceable for their customers since 17 January - huge losses for their customers ! Assets are frozen - no customer of Bitpanda can withdraw their BTT investments ! No explanation - rumours say they can not finance the swap ? Big disgrace for Bitpanda- no excuse from Management and no compensation for the losses ! Please be aware Bitpanda positions itself as an exchange : BUT is only a Broker.

    submitted by /u/North-Speech
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    Netflix announces new series on Bitfinex hack involving 120,000 Bitcoin

    Posted: 12 Feb 2022 10:57 PM PST

    2 key indicators cast doubt on the strength of the current crypto market recovery

    Posted: 12 Feb 2022 10:56 PM PST

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