Author: Staff Writer
According to the smart contract activity, the Dogecoin is being accumulated by whales as investors buy the dip. Dogecoin has made it into the top ten most frequently utilized smart contracts on the Ethereum blockchain. Smart contracts are programs stored on a blockchain that run when predetermined conditions are met. Through the smart contract activity, it is easy to measure the amount of activity that takes place on-chain of one or more assets. As per WhaleStats, Dogecoin was ranked 7th place among the most actively interacted smart contracts on the chain. It shared the top position with Binance Smart Chain,…
FREEDOM The opportunity to reach one’s full potential As the nobility of European society increasingly accrued more of the wealth of their nations, they gave rise to a new type of subject … the colonist. Still subject to the king’s laws, these pioneers put up the only capital most had to risk, their lives, with hopes of owning the one thing that was out of reach for so many in Europe … land. Once you start down the Bitcoin rabbit hole, you eventually come to internalize the concept of “low time preference.” What could be more “low time preference” than…
Thirteen years ago a person or group using the name Satoshi Nakamoto released a paper describing a new software system called bitcoin. Today bitcoin is worth more than $1 trillion and has sparked a phenomenon that, its proponents believe, might rewire the entire global financial network. There is a mystery at the heart of bitcoin, however. Who actually is Satoshi Nakamoto? The Short Public Life of Satoshi Nakamoto On Oct. 31, 2008, Satoshi Nakamoto sent a nine-page paper to a group of cryptographers outlining a new form of “electronic cash” called bitcoin. At the time nobody cared about Nakamoto’s identity. Most of…
It seemed like the intersection of cryptocurrency and collectibles couldn’t get any more confusing until it did, with an aspiring developer of a decentralized autonomous organization saying the group won the bidding for a historical document just days after another came up short at an auction of a rare copy of the U.S. Constitution. Ameer Suhayb Carter said on Twitter on Wednesday that a “research” DAO fund he heads called Abolition in Progress won the bidding for the Declaration of the Anti-Slavery Convention, a founding document of the American abolitionist movement that was issued in 1833 at the first meeting of…
Bitcoin has been on a correction course over the past couple of weeks and it has turned out to be an immense opportunity for BTC whales to buy the dip, particularly one whale that added BTC 6,770 worth $384.29 million to their kitty in less than two weeks. The whale, who happens to be the third-largest BTC whale, has been buying Bitcoin in chunks for nine straight days, their latest purchase being on Thursday when they added another BTC 105 (worth $5.96 million) to their wallet. This particular whale appears to be pretty active, buying and selling the asset whenever there…
A pure-play bitcoin exchange-traded fund may not be as far off as some think, according to one cryptocurrency executive. With its approval of three bitcoin futures ETFs, the Securities and Exchange Commission signaled that it is embracing crypto as an investable asset class, Gemini’s David Abner told CNBC’s “ETF Edge” this week. “The SEC is taking these progressive steps to move us forward,” said Abner, who is global head of business development at the crypto exchange. “I thought we were going to be there by the end of this year,” he said, adding that he was surprised that the SEC…
The popular crypto analyst aimed for a $98,000 BTC price for the end of this month. Just last week, he insisted the price target was still possible, even as markets declined. PlanB correctly predicted BTC reaching $47,000 in August and $43,000 in September. He slightly missed the $63,000 target for October, but said the three percent “rounding error was close enough for me.” Now the pseudonymous Dutch investor says that his $98,000 prediction for this month “will probably be a first miss,” according to a tweet posted on Nov 25. He did not give an exact reason for the failure. “I see this miss…
Cryptocurrencies have grown in scope and usage. However, they are still lagging in the one area they were created for— use as currency. There is a myriad of reasons for this, from regulations to complicated transaction mechanisms. These barriers are slowly being overcome, with the likelihood of more accessible, faster transactions of cryptocurrencies happening in the near future. Increasingly, there are some solutions like the Lightning Network, Strike, and others. However, these are often not available in developing countries or have barriers to entry outside of major hubs.This is where Venter and his team at 6dot50 have found a way…
Cryptocurrency is a global phenomenon with the possibility of disrupting traditional financial systems. The UAE and Dubai aim to become the worlds biggest cryptocurrency and blockchain hub to implement digital assets as legal tender. This article discloses the regulation of Bitcoin and Cryptocurrencies and answers the question, “Are Bitcoin and crypto legal in the UAE?” What Is Cryptocurrency?Cryptocurrency, or crypto, is a block of digital coins used to buy goods and services via an online ledger. The largest cryptocurrency worldwide is Bitcoin (BTC). It has a market cap of $1.2 trillion. The second largest cryptocurrency is Ethereum (ETH) at $353…
Despite Bitcoin launching way back in 2009, it’s only until recently that you can’t turn on the news or browse the web without coming across some mention of cryptocurrency. I got so many questions from my readers and national radio show listeners that I wrote an e-book about crypto to help. I demystify digital currency, mining, and how to get started trading. Tap or click here to get your copy on Amazon. Sadly, I also hear from people that got fooled by one crypto scam or another. Where there is money, criminals are waiting. Tap or click for five clever crypto scams…