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Nitin rana bitcoin, Delhi (2026)

26/09/2021

Why Ethereum needs better compatibility, explained,
1.
Why is Ethereum so popular in DeFi?
Nearly all significant real-world use cases of cryptocurrency are DeFi use cases.

Ethereum (ETH) is arguably the real star of the blockchain world, and even as Bitcoin (BTC) continues its extended bull run, ETH has also continued to prosper.

According to a July Consensys report, there are now 161 million unique Ethereum addresses, a 10% increase from the end of Q1 2021, and the Total Value Locked (TVL) of ETH’s proof-of-stake ecosystem reached $146 billion in August.

The crypto world owes a debt of thanks to ETH for bringing us smart contract functionality, which made Decentralized Finance (DeFi) use cases possible.

Of course, Bitcoin is cryptocurrency’s most famous coin, but it is by design a simple, decentralized digital currency.

As with any currency, its primary use cases are as a medium of exchange, a unit of account, and a store of value. The leading cryptocurrency focuses on a simple role and does it reliably, with greater transparency, privacy, and security and with fewer intermediaries, but Ethereum’s smart contracts take possible use cases of blockchain technology to the next level.

2.
What kind of functionality do Ethereum smart contracts have?
Smart contracts allow users to specify conditions on the transfer of value based on the terms of the contracts. In that way, Ethereum’s functionality goes beyond the simple transfer for value. Detailed terms can be created for each smart contract, and this feature has allowed for the rollout of a host of blockchain-based financial services, including (but not limited to):.:..use.

26/09/2021

This blockchain protocol is creating a front end for every smart contract.

Before new technologies become widely adopted, the market must first learn to incorporate them into their everyday lives. While the technology continues to make leaps and bounds in the world of cryptocurrency, some obstacles still stand in the way before businesses and individuals may start incorporating them in frequent practice.

Smart contracts and their underlying technology have become widely popularized for their ability to execute secure business transactions. Complicated smart contracts are designed to execute logic based on triggering events that will result in an automatic payment upon completion. With the ability to create more complex smart contracts, uses will extend across global industries, including the supply chain, banking, insurance, trade and finance industries.

Unfortunately, these transformative promises still face several barriers, such as a poor user experience, disjointed auditing and regulatory concerns. These inefficiencies are estimated to have cost nearly $4.5 billion in 2020 due to different bugs in the current system. The interesting thing is that similar parallels can be drawn between the start of the internet and the creation of smart contracts. Before websites could be adopted on a grand scale, it took years to create a functional and easy-to-operate system for its users.

In the current environment, developers face a difficult choice between relegating their creations to a small pool of specialized individuals who know how to interface with the software directly or reveal their identity in exchange for a place on the worldwide web, risking potential backlash from non-uniform enforcement.

To address this, Cove provides developers with the freedom necessary for innovation but with complete anonymity. Cove will automatically generate smart contract interfaces, so developers can avoid the traditional hosting solutions, providing anyone with the ability to interface with their smart contracts..:..use.

26/09/2021

Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?A sharp sell-off across the cryptocurrency market on Tuesday — that saw top tokens Bitcoin (BTC), Ether (ETH), Cardano (ADA) and Solana (SOL) fall by double-digital percentages — created a venue for stablecoins to prove their worth.

The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one dollar-peg and offering sufficient liquidity to traders who looked for a safety net during the market decline.

Blockchain analytics service CryptoQuant reported dramatic spikes in stablecoin transfers as the cryptocurrency market capitalizati fell from $2.38 trillion to $2.103 trillion on Tuesday..:..use.

For instance, Tether (USDT), the leading stablecoin by volume, processed $10.51 billion worth of transactions on Tuesday compared to $4.02 billion on Monday..:..use. .:..use.

26/09/2021

Treasury plots stablecoin crackdown even as Tether’s dominance wanes,
The United States Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market.

According to a Sept.1 report from Bloomberg citing anonymous sources, Treasury officials are readying policy recommendations designed to ensure stablecoin holders can freely convert between their tokens and other assets.

The report states the lawmakers hope to mitigate “the most urgent risks” associated with Tether (USDT) and other stable tokens, also emphasizing the threats of a “fire-sale run” on crypto assets could wreak for financial stability broadly.

Critics have long scrutinized Tether’s redemption process and backing and have found it wanting, with some holders claiming to have been unable to redeem USDT for fiat using the company’s website over the years.

After years of failing to deliver promised audits, Tether has recently published attestation reports claiming its stablecoin is backed by $62.6 billion in assets — 49% of which is commercial paper, while cash and bank deposits compose just 10%.

While Treasury officials reportedly are most concerned about Tether, the once hegemonic status of USDT over the stablecoin markets has been waning — with the token’s relative market share receding by 25% since the start of 2021.

After starting the year representing roughly 76% of stablecoin capitalization, Tether’s dominance over the sector has fallen by one-quarter to represent 56.5% of the combined stablecoin market capitalization today, according to CoinGecko.

This year has seen USD Coin (USDC) and Binance USD (BUSD) capture significant market share amid Tether’s decline, with USDC and BUSD growing from 13.7% and 3.40% of stablecoin capitalization to 23.9% and 10.4% today, respectively.

Related: Does Evergrande’s $300B debt crisis pose systemic risk to the crypto industry?

Decentralized stable tokens have also shown notable growth during 2021, with TerraUSD (UST) growing from 0.65% to 2.11%, while MakerDAO’s Dai increased from 4.23% to 5.13%.

CoinGecko’s data also notes a decline in the market share of Paxos Dollar (USDP), which shrunk from 1.15% to 0.85%. However, every stablecoin tracked by CoinGecko saw its overall market cap grow during 2021..:..use.

19/09/2021

Turkish President Announces War Against Crypto,
President Recep Tayyip Erdogan said that Turkey was at war with cryptocurrencies during a Sept. 18 meeting with students from 81 provinces that took place in the city of Mersin.

As reported by U.Today, the Turkish central bank imposed a ban on cryptocurrency payments in mid-April, meaning that local companies are not allowed to conduct transactions that involve the novel asset.

Regulatory uncertainly, extremely high volatility and crime were cited as the key reasons behind the decision.

Erdogan claimed that the country “definitely” doesn’t have a problem with the spread of digital assets.

The president added that Turkey would carry on with its own money, which he believes is part of the national identity.:..use.

19/09/2021

Three Arrows Capital Co-Founder Says Bitcoin Dominance Is Irrelevant,
Su Zhu, the co-founder and CEO of hedge fund Three Arrows Capital, recently opined that the Bitcoin dominance metric is only relevant for billionaires.

His recent statement addresses newcomers who decided to eschew the two largest cryptocurrencies and opted for risker crypto tokens.

Earlier this year, speculative frenzy swept meme tokens of the like of Dogecoin, with retail investors searching for astronomical gains.

Zhu said that he would personally bet his chips on Solana and Avalanche (as well as their ecosystems) if he were starting out today.

Yet, the crypto mogul remains bullish on both Bitcoin and Ethereum. He predicts that the former will flip the market cap of gold while the latter will eventually reach $25,000.

In February, he made an outlandish forecast about Bitcoin eventually hitting $2.5 million in the long run.

Some, however, believe that the leading cryptocurrency doesn’t have much upside left. Economist Alex Krüger recently tweeted that crypto investors who seek “extraordinary” returns should put their money elsewhere. :..use.

19/09/2021

World’s Largest Movie Theater Chain to Start Accepting Ethereum, Litecoin and Bitcoin Cash.
Elon Musk and Vitalik Buterin Among TIME's 100 Most Influential People of 2021
Back then, he also said that AMC would consider other blockchain-relation options, which is why altcoin payments appear to be a logical step for the movie theater chain.

The Leawood-headquartered company made plenty of headlines because of its stock’s volatile moves in early 2021 after it became the darling of retail traders during the GameStop mania.
The shares of AMC closed at $46,84 on Sept. 15. The stock is up a whopping 2,131 percent year-to-date.

:..use.

17/09/2021

Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price actionNext stop $85,000 for BTC/USD
Despite BTC/USD being kept below $50,000 this week, on-chain metrics have led analysts to stay firmly bullish on Bitcoin price action.

Decentrader analyst Filbfilb is no exception, forecasting not only a rematch of all-time highs but a breach of $100,000 before the year is out.

“So with bullish signals in the near term we could now be setting up for a major run that first takes $BTC up towards $85,000 before breaking through the psychological barrier of $100,000,” he concluded..:..use.

17/09/2021

Multimillion-dollar investment rounds spark rallies in Avalanche and AudiusAs seen in the chart above, the VORTECS™ Score for AVAX surged into the green zone on Sept. 13 and reached a high of 86 around 24 hours before the price increased 40% over the next two days.

The boost in price and momentum for AVAX comes following the announcement that large funds like Polychain Capital, Three Arrows Capital and Dragonfly Capital participated in a $230 million investment round to the Avalanche ecosystem.:..use.

17/09/2021

Chinese Schools Can’t Keep Up With Demand for Blockchain
The Chinese academic sector is “seriously lagging” in terms of keeping up with demand for blockchain specialists.As the blockchain industry keeps expanding across China, there are concerns that the academic sector is failing to keep up with demand for comprehensive, undergraduate, blockchain-related educational programs.

The head of the Digital Economy Development Research Center at the Beijing-based Communication University of China, Sun Daojun, said the first batch of “blockchain graduates” will start courses later this year and complete their studies in 2024.

In the context of the latest Baidu’s Superchain whitepaper press conference, Sun told Mars Finance he believes that the Chinese blockchain industry is developing fast, but the educational sector “is seriously lagging” behind the demand of new professionals.

The Chengdu University of Information Technology announced the official launch of the "Blockchain Engineering" undergrad course in March. Enrollment is now complete and students are expected to start in September.

Blockchain jobs get stamp of approval
On July 6, the Chinese Ministry of Human Resources and Social Security, the State Administration of Market Supervision, and the National Bureau of Statistics added nine new occupations to the list of officially approved jobs. They include "blockchain engineering and technical personnel" and "blockchain application operators".

Cointelegraph has also reported that the latest figures from Chinese recruiting platforms show that blockchain-related salaries are on the rise across China. This is likely due to high demand for specialists in the sector.

Statistics unveiled by Zhaopin reveals that “hundreds” of companies in China have been hiring staff for blockchain-related jobs. Monthly salaries start at $2,865 on average. This figure has skyrocketed from an average of $1,230 last year.:..use.

17/09/2021

Blockchain Can Disrupt Higher Education Today, Global Labor Market TomorrowIn the post-pandemic world, individuals will need to seize ownership and control of their educational credentials — documents like degrees and transcripts — from schools, universities and governments. That notion received key support last week from the American Council on Education in a study funded by the United States Department of Education focusing on the use of blockchain in higher education.

“Blockchain, in particular, holds promise to create more efficient, durable connections between education and work,” wrote Ted Mitchell, the president of ACE, in the foreword to the study published on June 8, adding: “In the wake of the COVID-19 crisis, learners will be more mobile, moving in and out of formal education as their job, health, and family situations change.”

A key theme of the report is personal data agency — i.e., how “distributed ledger technologies [DLT] can ‘democratize’ data and empower individuals with agency over their personal information.” The report noted::..use.

12/09/2021

Alex Saunders again under fire after virtual HQ in Decentraland fails to launch
Controversial crypto influencer Alex Saunders is making headlines again, with followers claiming he raised $57,000 in NFTs from them to launch a virtual community headquarters that hasn’t materialized.Australian crypto influencer and Nuggets News founder Alex Saunders is facing backlash over his nonfungible token (NFT) sale from late last year.
Nuggets News is a paid group providing technical analysis and crypto tips to subscribers that was founded by Saunders in 2017. As of Tuesday, Nuggets News had roughly 146,000 subscribers on YouTube.
In November 2020, Saunders minted 100 NFTs comprising tokenized tickets he said would grant holders access to an exclusive Nuggets News community headquarters being developed in the crypto-powered virtual metaverse Decentraland.
Saunders priced the NFTs at 1 Ether (ETH) each, worth around $570 at the time. Saunders reportedly sold all NFTs within weeks of the drop, accumulating $57,000 from his supporters in total. At today’s prices, 100 ETH is worth roughly $315,000.
In a post to Saunders’ subscription-based Facebook group, the influencer touted the virtual headquarters as “an educational, collaborative workspace in virtual reality” fitted with “professional offices” and even a function center.
According to a Monday report from the Australian Financial Review (AFR), Saunders has so far failed to pay blockchain development studio Polygonal Mind for building the virtual headquarters.
Despite Saunders taking in $57,000 from his supporters, Polygonal Mind reportedly quoted the influencer less than 10,000 Australian dollars ($7,300) to complete the project.
Polygonal Mind CEO Daniel Garcia claims that Saunders pushed back the project’s launch date multiple times despite the virtual headquarters having been fully built. After learning about Saunders’ alleged financial mishaps, Garcia told AFR he decided to write the project off:..use.

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