Carole Lloyd

Carole Lloyd

I'm a highly experienced crypto author. I've been writing about cryptocurrency for over 3 years now and have seen the industry grow and change immensely. I have a deep understanding of the technology behind crypto and can explain complex concepts in simple terms. My blog is followed by thousands of people who are interested in learning more about cryptocurrency.

Cointelegraph Magazine

VeChain still popular in China, crypto media shutdown and OKEx goes global – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  It’s been over half a year since the crackdowns began in China and pressure from the top-down government is still being enforced. Most projects operating from within China are finding ways to skirt regulations by focusing on the technological aspect, but few are in a very enviable position. Among other issues, finding talented individuals to hire will certainly become more difficult as conservative-minded local citizens will have concerns about safety and the sustainability of the industry. At home with new policiesSome projects, like VeChain, are using the opportunity to focus on their blockchain-as-a-service technology and are well positioned to continue operations. Blockchain has always been viewed as an important technology for China, especially when used for things like food safety and other socially-responsible applications. Last week the smart contract platform boldly attended China’s acclaimed International Import Expo, where it showed off its traceability system alongside long-term partners PwC. The expo was even bigger than usual this year due to this marking the 20th anniversary of China joining the WTO. Chinese president Xi Jinping gave a speech via video to celebrate the opening of the expo, noting as usual how China is successfully opening up and developing.   During the 4th #CIIE, VeChain joined @PwC in the discussion around Air Trace. We are proud to attend this grand event and showcase our advantage in low code blockchain development, which will power more significant digital initiatives in the future. 🤝 #CIIE2021 pic.twitter.com/jUb3HeUz5D— VeChain Foundation (@vechainofficial) November 9, 2021  Enterprise solutions on public blockchain were all the rage a few years ago, but now fewer and fewer competitors to VeChain exist, as most have pivoted to DeFi solutions or simply gone quiet. The real challenge will be to convince China’s organizations to adopt a truly public solution, rather than a consortium model without all the decentralized bells and whistles. Tech giants such as Alibaba and JD.com have their own private solutions which may be just close enough to true blockchain technology for public officials to gloss over the details.Turning a new leafThe gossip columns were abuzz after OKEx founder Star Xu’s LinkedIn status suddenly displayed he was in San Francisco. The leader of the second largest exchange by volume had been under scrutiny this year considering the harsh regulations coming towards exchanges. His abrupt arrival in the US indicates that OK Group is serious about its divorce from China, and will be able to target new markets without fear of disruptions from law enforcement. OKEx has enjoyed strong growth in the past few months are now pushing hard on the GameFi and NFT segments, hoping to gain an edge over the competition.   OK Group Founder Star Xu is now setting up shop in Silicon Valley Huobi, on the other hand, seems to be placing its bets on Singapore, where it hopes to rebound after a rocky third quarter of 2021. Huobi Global announced it was exiting the country, opening a path for Huobi Singapore to make a compliant entrance. Users will have till March of next year to switch to the Huobi Singapore service, at which point their Global accounts will be closed. Singapore has been a safe haven for many of the industry’s largest players, leaning on a progressive regulatory environment, high quality of life, and a multi-cultural atmosphere for both English and Chinese speakers to feel at home. Continued crackdown on media and miningOn October 13, top blockchain media companies received notice from the Cyberspace Administration of China ordering them to stop their operations. Among them were ChainNews and Block123, two of the more established platforms. Servers on Alibaba Cloud cut off relevant services, turning off the APP and web page. Twitter and Telegram channels were naturally not affected, making overseas outlets one of the few places where Chinese users could go for information. This requires some additional networking tools to get around the great firewall, but should have the intended result of eliminating excessive retail speculation while allowing the true tech adopters to still take part.  For industry participants, stability is hard to come by In other regulatory news, the Chinese government has warned State-owned enterprises to stay away from cryptocurrency mining activities. Many public services, such as electric companies, phone companies, and oil companies still are owned and operated by party-backed organizations. Jobs within these enterprises offer a lot of perks with benefits and stability, but often come with lower salaries than the private sector. Corruption and under-the-table deals were traditionally an easy way for these employees to boost their earnings, but since Xi Jinping took office and made anti-corruption a key issue, the risk of exposure has shot through the roof. Already, one official from Jiangxi has fallen victim to these crackdowns, and been expelled from the party and office.    

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coinedict

GotBit, Crypto’s Leading Consultant

GotBit, the cryptocurrency consultancy has grown and expanded to become one of the largest and most sought-after in its game for the last few years. The team has started GotBit Foundation, an accelerator/incubator that invests in new promising crypto projects. Established in 2017 by top-class mathematicians, GotBit prepares strategies for business development and market marking for blockchain and crypto projects. So far, the company has created multiple 100 top projects and is currently working with 250+ live projects. With the experience of working with over 1000 projects ever since the beginning, the team has grown into veterans in the space of crypto. GotBit specially designs tools, apps, web platforms and algorithms that help in the Market Making with the help of Artificial Intelligence. It provides round the clock consultancy and development services for startups. The team gives valuable insights and helps building the  tokenomics, bridging, partnerships, listings and more. In the development wing, GotBit has proudly designed and owns several 3D mobile games and has its Blockchain Fork. Boasting a solid history with investment, GotBit has conducted 50+ successful IDOs, SFO, VC, angels, foundations and Private Rounds.  Testimonials reveal that GotBit exhibits high service quality and fast execution. It has got a large network of connections between different projects and developers. The company strategy is to find out the key growth component of each project and leverage its network to enable exponential growth.  More About GotBit GotBit is headquartered in Moscow, Russia and is considered one of the best market makers in the space. Currently, they employ over 100 people and are continuously looking to expand further in the industry. Follow them on social media to get a look behind the scenes at crypto’s largest innovator.  Socials  Twitter: https://twitter.com/gotbit_io  Website: https://gotbitfoundation.com  Website: https://gotbit.io  Read Our Other Post – https://www.thecryptoupdates.com/finotrend-an-incredible-platform-for-trading-cfds-on-shares/

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coinedict

Ethereum Attempts Recovery But This Resistance Is The Key

Ethereum found support near $4,065 and started a recovery against the US Dollar. ETH could continue higher if there is a clear break above $4,350. Ethereum started a recovery wave from the $4,065 support zone. The price is now trading above $4,250 and the 100 hourly simple moving average. There is a key rising channel forming with support near $4,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if there is a break below $4,240 and $4,200. Ethereum Price Eyes More Downsides Ethereum found support above $4,050 and started an upside correction, similar to bitcoin. ETH price climbed above the $4,150 and $4,200 resistance levels to start a short-term recovery wave. There was a break above the 23.6% Fib retracement level of the key decline from the $4,730 high to $4,067 low. Ether price is now trading above $4,250 and the 100 hourly simple moving average. There is also a key rising channel forming with support near $4,240 on the hourly chart of ETH/USD. An initial resistance on the upside is near the $4,300 level. The first major resistance is near the $4,350 level. The breakout zone could be near the $4,400 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the key decline from the $4,730 high to $4,067 low is also near the $4,420 zone. A close above the $4,400 and $4,420 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,550 level. Any more gains could lift the price towards the next key hurdle at $4,650. Fresh Decline in ETH? If ethereum fails to continue higher above the $4,350 and $4,400 resistance levels, it could start a fresh decline. An initial support on the downside is near the $4,250 level. The first key support is now forming near the $4,240 level. A downside break below the $4,240 support and the channel trend line might push the price further lower. The next key support is near $4,150, below which the price might slide towards the $4,065 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now declining towards the 50 level. Major Support Level – $4,240 Major Resistance Level – $4,350

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coinedict

Deeper Network Becomes The First Blockchain Project To Access Helium’s Network

By Combining the Deeper Connect Mini with the Helium HNT Miner, Deeper Network Enables a Dual-Crypto Mining Rig, Adding to Helium’s Growing Network of IoT Devices SANTA CLARA, CA / ACCESSWIRE / November 16, 2021 / Deeper Network (DPR), a leading Blockchain developer, has become the first blockchain to obtain the correct qualifications from Helium to access its network. By manufacturing Deeper Network HNT Miners, Deeper Network enables the first dual-crypto miner in the world. The Deeper Connect Mini, which mines the DPR cryptocurrency based on shared internet bandwidth, will allow connection of the Deeper Network HNT Miners, which mines the HNT cryptocurrency based on radio waves. Aside from mining, Deeper Connect devices offer enterprise-class cybersecurity as well as a Web 3.0 gateway. Their Web 3.0 ecosystem already includes a DPN, D-Ads, and will include DeFi, DApp store, NFT marketplace, and decentralized e-commerce in the near future. Pre-sales have begun for the Deeper Network HNT Miners. This newest integration shows that Helium continues to implement its vision of building a wireless network of IoT devices, which is an attractive project in the blockchain + IoT sector. Thanks to developments in Web 3.0 security technology, Deeper Network is able to open the IoT+Web 3.0 application ecosystem with just one click, allowing other technologies to be built on its infrastructure. Helium Makes Access Simple The Helium Network supports people who want to own and operate a wireless network for IoT devices. Any compatible IoT device such as smart pet collars, bike trackers, or environmental sensors can connect to an HNT Miner without Wi-Fi or cellular networks. Deeper Network is creating the world’s first decentralized blockchain network to build a truly decentralized and secure Internet, Web 3.0 gateway, as well as bring a better Internet experience to millions of households. The recent integration with Helium Network shows the advancement and scalability of Deeper Network’s Web 3.0 technology. In the future, the network plans to partner with more high-quality projects with the vision of creating a more complete ecosystem as well as continuously developing Web 3.0 tools. Web 3.0 Goes Deeper The Web 3.0 technology that Deeper Network developed is a decentralized technology that provides a high level of security and stability. It combines hardware and software technology, bringing benefits to global network users. Deeper Network builds infrastructures for Web 3.0 via Deeper’s decentralized CDN (Dcdn) and Deeper’s decentralized DNS (Ddns). The company is committed to building a truly decentralized Internet and security gateway to realize technical interoperability and act as a portal for users to enter the Web 3.0 community. In addition to the Deeper Network HNT Miner, the Deeper Network team has launched two other new products in the Deeper Connect product family, including the newest Deeper Connect PICO as well as the Deeper Network WiFi transceiver. Although the Deeper Connect PICO’s size is designed as just the size of a lighter, it offers the same plug-and-play features as the predecessors. However, it can provide portability for frequent travelers due to its compact design, allowing users to enjoy a secure and private network anytime and anywhere with the USB WiFi transceiver. By successfully integrating Helium’s Network into its own network, the Deeper Connect HNT Miner supports Helium (HNT) mining, the native cryptocurrency of the Helium network. With this add-on connected to the Deeper Connect Mini, the combination of two devices will allow the concurrent mining of both HNT and DPR, the Deeper Network’s native token. Currently, Deeper Network has more than 35,000+ nodes in more than 150+ countries across the world. And with the recent launch of its 4th generation device, the consumer targeting Deeper Connect PICO, the number of nodes is projected to hit 1 million by the end of 2024. The PICO has raised over $450,000 on Kickstarter, which is over four times the target goal. About Helium Co-founded by Shawn Fanning and Amir Haleem in 2013, Helium is building the world’s first peer-to-peer wireless network to simplify connecting devices to the internet by rewarding anyone to become a network operator. CEO Amir Haleem comes from an extensive background in triple-A video games. Helium is backed by GV (formerly Google Ventures), Khosla Ventures, Union Square Ventures, Multicoin Capital, FirstMark, Marc Benioff, Shawn Fanning, and other top VCs. The network is live in more than 1,000 cities throughout North America. More information can be found at helium.com. About Deeper Network Deeper Network provides a full-stack solution to access the Internet securely and privately based on Deeper Network blockchain technology. Deeper Network leverages blockchain technology to empower Internet users by building both Web 3.0 infrastructure and creating an accessible gateway for everyone while protecting their network with enterprise-class cybersecurity. Deeper Network’s solution is to provide users with a hardware device called the Deeper Connect, connecting the modem and the router to keep users secure based on Deeper Connect’s Trident Protocol technology. Visit the Deeper Network Website Follow on Twitter Follow on Facebook Follow on Instagram Subscribe to the YouTube Channel Subscribe on Medium Join the Telegram Community Join the Discord Community Contact email: kurt@cryptoprlabs.com

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Injective Protocol Launches Mainnet, $120M Incentive Program

Injective Protocol Launches Mainnet, $120M Incentive Program

Key Takeaways Decentralized derivatives exchange Injective Protocol has announced launch of its mainnet. To accompany the mainnet launch, Injective is also releasing a $120 million program to incentivize liquidity provisioning and trading. The program will allocate the funds to market makers and traders who utilize the protocol based on their activity. Share this article Injective, a cross-chain DeFi protocol for derivatives trading, has announced the public launch of its mainnet today. It’s also rolling out a $120 million liquidity incentive program for traders, market makers, and DeFi projects.  Derivatives Trading Protocol Injective Heads to Mainnet Injective Labs has announced the mainnet launch of its derivatives exchange.  Injective Protocol is a Layer 2, cross-chain protocol for decentralized derivatives trading. It’s built on top of the Tendermint consensus engine using Cosmos-SDK. The Injective decentralized exchange lets users permissionlessly create and trade spot and derivatives crypto instruments across different chains with zero fees and instant transaction finality. Injective Labs claims that the exchange is fully decentralized. It’s also built to be fully trustless, censorship-resistant, transparent, and interoperable while providing a comparable user experience to that found on centralized exchanges. In a press release, Injective Labs co-founder and CEO Eric Chen said of the launch: “Our mission at Injective has always been to build the most powerful cross-chain protocol for completely decentralized derivatives trading. As Injective interconnects new chains, the ecosystem will continue to serve as a DeFi gateway for trading across the multi-chain universe. Injective’s Ethereum-native tooling allows users to simply create and trade new cross-chain markets without the typical roadblocks associated with making transactions across distinct blockchain networks.” To accompany the mainnet launch and promote liquidity provisioning and trading on the protocol, the team has also announced the launch of a $120 million protocol incentive program named Astro. It’s the largest incentive program to date within the Cosmos ecosystem. According to the announcement, the program will allocate the funds to market makers and traders who utilize the protocol based on the volume of their activity. The launch comes during a busy year for Injective Labs. In April, the firm raised $10 million at a $1 billion valuation from some of crypto’s most well-known venture capital firms, including Pantera Capital, BlockTower, Hashed, Cadenza ventures, and CMS. Shark Tank host and Dallas Mavericks owner Mark Cuban also backed the project. Injective’s decentralized exchange has also seen significant adoption, counting over $1 billion in average daily trading volume across 25,000 unique monthly users. Besides exotic financial instruments, the protocol has also added support for commodities, forex, and synthetic stocks trading in 2021. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. DeFi Project Spotlight: Injective Protocol, a Derivatives DEX Injective Protocol is a decentralized derivatives project that offers fast transaction speeds, deep liquidity, and front-running protection. The project makes up part of the growing DeFi ecosystem that is being… Injective Raises $10 Million for Robinhood Alternative Decentralized derivatives trading platform Injective Protocol has raised $10 million in its latest round of funding. Injective Raises $10 Million Injective Protocol has raised $10 million from some of crypto’s… A Guide to Yield Farming, Staking, and Liquidity Mining Yield farming is arguably the most popular way to earn a return on crypto assets. Essentially, you can earn passive income by depositing crypto into a liquidity pool. You can think of these liquidity… After FAANG Stocks, Injective Protocol Lists GameStop Decentralized exchange (DEX) Injective Protocol has rolled out the first decentralized and commission-free futures trading of GameStop (GME) stock. Injective Competes With US Brokerages  Injective has listed GME futures trading…

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coinedict

[Interview] “NFT market showing explosive growth, the future of NFT is unpredictable”

The blockchain industry is noisy.  In the third quarter of 2021, the crypto currency market was noisy due to the Specific Financial Information Act (Special Act), but recently the issue of taxation of virtual assets is a hot issue.  In addition, in the crypto currency market Bitcoin Exchange Traded Fund (ETF), meme coin, and fandom coin are surging up and plunging down. Several new decentralized finance (DeFi) platforms have appeared this year, and the non-fungible token (NFT) market has grown explosively.  South America’s El Salvador introduced Bitcoin as a fiat currency, while China is accelerating the spread of its central bank digital currency (CBDC), the digital yuan.  There are news of rapid growth not only in the crypto currency market but also in various fields where blockchain is used. To hear about the overall story of the blockchain industry, the prospect of the crypto currency market, and NFTs, we met with Sung Jun Park, director of Dongguk University’s Blockchain Research Center.  “The suspension of taxation on virtual assets, which has recently become an issue, will inevitably be extended,” Park said.  Regarding NFT, which is showing explosive growth in particular, he argued that “NFT will grow in various forms and can change to an unpredictable level.” Recently, there are many issues in the blockchain industry. Among them, the issue of taxation of virtual assets is the hottest. What do you think about virtual asset taxation? To begin with, we believe that we will have no choice but to defer taxation. The number of domestic virtual asset investors has exceeded 7 million, and the ruling party, which does not have support for 2030, has no choice but to make a political choice to get even a little more vote. Even if the political aspect is removed, in reality, it is not easy to tax virtual assets normally.  Even if it is possible to tax the KRW market operated by the four major exchanges (Upbit, Bithumb, Coinone, and Korbit) that currently have real-name bank accounts, it will not be easy to tax the 21 exchanges that operate only coin markets.  Exchanges are also in a difficult situation because they haven’t decided how to set the price standards for coins traded in the coin market.  Aside from the issue of investor protection, it is realistically difficult to tax from January 1, since there are many systematic difficulties in securing taxation data. So, if the system is resolved, is there any problem with the taxation of virtual assets? No. I think that the more important issue than whether or not it is technically taxable lies in the virtual asset taxation policy itself.  In the first place, the fact that income from virtual assets is classified as other income and deducted up to 2.5 million won means that investment in virtual assets is still viewed only as speculation or gambling. Taxation requires an understanding of the subject of taxation, but the current government seems to lack this understanding. Not all virtual assets are the same, right?  There are countless types of tokens and coins. Among them, there are tokens with the characteristics of currency, and there are security tokens.  The idea that all tokens and coins are placed in one basket called ‘virtual assets’ without considering the characteristics of these tokens and coins and taxed at once. That in itself is nonsense. In the case of security tokens, even though they are operated in a form similar to real stocks, I think that it is unreasonable to only receive a deduction of 2.5 million won because the target is in the category of virtual assets. So, what should the government do about cryptocurrencies? The most important thing is to first recognize cryptocurrency as an asset.  Most of the factors that are causing problems in the current virtual asset taxation policy are that the financial authorities do not recognize virtual assets as assets.  The reason it is classified as other income is because virtual assets are treated as intangible assets such as copyrights, not general assets. In particular, the biggest problem with taxation is that the government is forcing the people to pay taxes without fulfilling the state’s duty to protect the people.  It is also incomprehensible to impose unconditional taxation on the grounds that income is generated without even creating a framework for socially discussing how to tax virtual assets. What kind of effort is required for cryptocurrency to be recognized as a complete asset? It would be nice if the government could recognize virtual assets as assets, but it doesn’t seem easy right now.  In this situation, I think it is important for the central bank digital currency (CBDC) to be popularized quickly.  When a CBDC is issued, it becomes impossible to treat a virtual asset as an intangible asset because it has no substance.  If the currency issued by the central bank is issued as a digital asset, virtual assets such as cryptocurrency will be recognized as complete assets. For this reason, it is expected that the recent issuance of CBDCs in China will have a positive effect on the entire cryptocurrency market.  Personally, I think the CBDC will be further triggered by the 2022 Beijing Winter Olympics.  In the future, I think the status of virtual assets will be higher than it is now. Recently, the metaverse and NFT markets are receiving a lot of attention. What do you think of Metaverse and NFT? The metaverse will surely become an important industry in the future.  Just like the dot-com craze with the spread of the Internet in the past, the metaverse will also change our lives.  Of course, the current metaverse has some technical ambiguities, but as better technology emerges, it will develop to the point where it is impossible to distinguish the real world from the virtual world.  For this, not only blockchain technology, but also technologies such as AR (augmented reality), VR (virtual reality), and artificial intelligence (AI) must be further developed. If the metaverse world becomes popular, I think it will be a battle between existing…

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coinedict

Bitzipp to Revolutionize Finance with its Crypto Platform

Cryptocurrencies have taken over the world within their short span of existence since 2008. The crypto market worldwide has more than doubled in the past 2 years, with a market cap of 200 Billion USD in 2019 to 2.5 Trillion USD in 2021! Bitzipp was born to support this growing wildfire of crypto emergence.  Bitzipp aims to make cryptocurrencies accessible to everyone across the globe. With this goal in mind, Bitzipp provides the following features and facilities to everyone:  It will help in sending or receiving cryptocurrencies in privacy.  Multiple Account Levels, from Start to VIP depending on how much BZP you hold. Low fees, easy and accessible wallet for everyone. The Bitzipp platform will be launched in multiple phases. Cryptocurrency is no more the future, it is the present and Bitzipp is helping in taking the cryptocurrency ecosystem ahead. Roadmap to Introducing Bitzipp Financial Model Starting in Q4 2019, Bitzipp has come a long way to token allocation by the end of 2021.  Phase 1 of the project was completed with deep research and investigation in development of a better user experience along with security analysis and search for improvement. The second phase involved the official registration of the UK entity and ERC20 token creation, along with website creation and the addition of new members.  Keeping security at the heart of Bitzipp, Phase 3 of the launch plan was executed with Alpha version release in partnerships with various blockchain and tech firms. The first ICO sale was shortly announced marking the beginning of Phase 4. Open voting is a very important aspect of any blockchain project as it helps in establishing trust among all the stakeholders, Phase 5 of the Bitzipp project basically focused on this along with the second stage of ICO.  Currently, the Bitzipp ecosystem is in its Phase 6 which involves allocation of Bitzipp tokens while getting listed on different cryptocurrency exchanges. The BZP tokens have already been listed on PancakeSwap and Probit Global for trading and would soon be available on other exchanges too! If you want to enjoy the privacy of transactions with a highly secure and versatile crypto wallet, join the Bitzapp revolution on PancakeSwap and Probit Global. About Bitzipp Bitzipp ecosystem brings people closer to cryptocurrencies by connecting user experience in the mobile APP and the Desktop version. BitZipp Wallet enables users  to store, send and receive all their crypto assets with total privacy, all while ensuring best price for them. To know more about the Bitzipp, visit us at: bitzipp.com

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coinedict

Roaring Leaders Announces $ROAR Token, Enabling Its NFT Holders to Monetize Their Assets

Holders of Roaring Leaders’ NFTs Can Now Earn the New $ROAR Token by Staking and Can Breed Their Assets to Create a New Line of Avatars, the Roaring Leaders Cubs NEW YORK, NY / ACCESSWIRE / November 14, 2021 / Roaring Leaders, an innovative deflationary NFT collection designed by Marvel Comics artist Carlos Dattoli, announces the immediate launch of the $ROAR token. With $ROAR, NFT owners can now earn a passive stream of income from their holdings. Each day, Roaring Leaders’ holders can earn 10 $ROAR tokens, allowing them to cash in on the appreciating value of their holdings. Staking is a fairly new concept in NFTs, allowing holders to see immediate tangible returns from their assets. Previously, most NFTs were either held until they appreciated or bought to burn them to increase scarcity. Staking opens up new revenue streams for NFT holders, with the platform able to manage the safekeeping and governance. Genesis CyberKongz , for example, has a floor price of over 87.5 ETH partly because they started to implement new utilities and tokens. Genesis CyberKongz earn 10 $BANANAS everyday for ten years, although the baby CyberKongz did not. Specific use cases of the $ROAR token include breeding to get Roaring Leader Cubs, auctions in $ROAR, items from the Jungle store useful in the Roaring Leaders metaverse, and exclusive mints paid in $ROAR. Roaring Leaders Cubs is a completely new NFT collection created through breeding. Breeding is done Tinder-style, which means that if you do not own both a male and a female of your own, you may “date” others to breed. Breeding costs $ROAR and starts at 600 $ROAR per cub. The cost of breeding will increase for every 2,500 cubs bred and there is a max supply of 10,000 cubs. Roaring Leaders Cubs also generate $ROAR when staked, just like their parents. Founder Paras Malhotra a.k.a “Treasure Seeker” said, “The utility of Roaring Leaders is unrivalled in the NFT market – we have staking to earn $ROAR, breeding, deflationary upgrades, a store to buy items in $ROAR and a huge Leaders Fund, which fractionalizes ownerships of some of the biggest blue chip NFTs like a Bored Ape Yacht Club, Veefriends, Art Blocks, Cool Cats and on its way to add a Cryptopunk!” As of November X, 2021, the price of $ROAR is $1.40, and the current floor price of Roaring Leader NFTs is $362. The deflationary nature of Roaring Leaders NFTs will only increase the token’s value over time. NFT holders have the option to burn an NFT to create an elixir, which gives them the ability to upgrade the rarity of one trait of another Roaring Leader NFTs of their choosing. When this happens, the supply of the collection decreases, increasing the value for all holders. Roaring Leaders has the first-ever NFT mutual fund called the Leaders’ Fund. 50% of all secondary royalties go towards this fund, which is used to buy other “blue chip” NFTs based on community voting. The founders have also gifted four blue-chip NFTs of their own to the Leaders’ Fund, including one BAYC, one M2 mutant ape, one Chrome Squiggle, and one Cool Cat. The value of the fund is currently $0.65 million. $ROAR is unique in its exceptionally high yield given its current pricing. This provides an exciting opportunity for those looking to start or expand their NFT portfolios and benefit from their holdings from day one. Those interested in Roaring Leaders NFTs can browse current listings on OpenSea at https://opensea.io/collection/roaringleaders , or visit their website at www.roaringleaders.io to learn more about the collection. About Roaring Leaders Roaring Leaders is a unique deflationary collection of 10,000 generative NFTs on the Ethereum blockchain. Their artwork includes over 200 handcrafted traits to capture the spirit and energy defining the leaders of the world represented by the lions and tigers of the jungle. By staking the NFTs, users can earn $ROAR tokens as a reward. The Roaring Leaders can “mate” and breed a new line of avatars called the Roaring Leaders Cubs. For more information, see this explanatory video on YouTube. Visit the Roaring Leaders Website: https://roaringleaders.io/ Follow Roaring Leaders on Twitter Follow Roaring Leaders on Instagram Join the Roaring Leaders Discord Channel Watch Roaring Leaders on YouTube Contact: Name – Paras MalhotraCompany name – NFT Studio WorldEmail : Kurt@cryptoprlabs.com

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Cointelegraph Magazine

Elon Musk dumps $1.1B in Tesla stock, NYCCoin launches with mayor’s blessing and Mastercard pushes crypto-linked cards in Asia: Hodler’s Digest, Nov. 7-13

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekCrypto markets tag $3T combined market cap for first timeAt the start of this week, the combined cryptocurrency market cap broke $3 trillion for the first time. The market has fluctuated heavily this year, previously topping out at $2.62 trillion during the height of the bull run in May, before crashing down to as low as $1.24 trillion in mid-July. CoinGecko’s data tracks 10,418 digital assets across 518 cryptocurrency exchanges, and the surging momentum in the latter half of 2021 comes on the back of Bitcoin (BTC), Ether (ETH), Polkadot (DOT) and Solana (SOL) all pushing past new all-time highs.Bitcoin still remains the dominant force in crypto, with its $1.21 trillion market cap being more than double that of second-ranked Ethereum at $550 billion. Meanwhile, the combined capitalization of all other crypto assets sits at roughly 40%, or $1.24 trillion. BREAKING: Mastercard launches crypto-linked cards across Asia-PacificOn Tuesday, Mastercard announced that it will be launching crypto-linked payment cards across the Asia-Pacific region that will enable users to instantly convert their digital assets into fiat currency. The cards are being launched in collaboration with three crypto service providers: Amber Group and Bitkub in Thailand, and CoinJar in Australia. Mastercard hasn’t outlined what crypto assets will be supported at this stage but did hint that Bitcoin and Ether would be at the top of the list. “Rather than directly transferring cryptocurrencies to a merchant, cardholders will now be able to instantly convert their cryptocurrencies into traditional fiat currency which can be spent everywhere Mastercard is accepted around the world, both online and offline,” Mastercard said. NewYorkCityCoin launching this week with Mayor-elect Eric Adams’ blessingNewYorkCityCoin (NYCCoin) launched on Thursday, with Mayor-elect Eric Adams giving the coin’s issuers, CityCoins, a public endorsement ahead of the rollout. Adams stated last week that he wanted to have a CityCoin for NYC that mirrors Miami’s MiamiCoin.  While Adams welcomed the project to New York this week, CityCoins has yet to officially partner with the local government. It may want to do so soon, however, as the NYCCoin project will divert 30% of its mining rewards to a custodied reserve wallet that the local government can use to support whatever initiatives it chooses.  “We’re glad to welcome you to the global home of Web3! We’re counting on tech and innovation to help drive our city forward,” Adams said. Elon Musk offloads $1.1B in Tesla stockAccording to filings with the U.S. Securities and Exchange Commission, erratic billionaire and Tesla CEO Elon Musk offloaded more than 934,000 Tesla shares worth around $1.1 billion on Thursday. Musk made around a 180% gain on his sold shares with an average sale price of around $1,170, marking his largest fire sale of Tesla stock to date. The CEO had teased a potential sale over the weekend after polling his 63 million Twitter followers about whether he should sell 10% of his Tesla stock. The poll was in response to public pushback against billionaires who may or may not have paid their fair share of tax. This sale only accounted for 1% of Musk’s holdings, and the filings show that he planned to sell the stock as part of his tax obligations back in September. The world now awaits if he will sell another 9% to appease the 58% of respondents who voted “yes” to his poll. Zimbabwe may be the next country to embrace Bitcoin as legal tenderZimbabwe’s government was rumored to be looking at utilizing Bitcoin as a legal tender to meet growing demand in the country, according to local news outlets. The news, reported on Nov. 7, suggested that discussions with local businesses are already underway. Retired Brigadier Colonel Charles Wekwete, permanent secretary and head of the e-government technology unit in the office of the president and cabinet, was confirmed as the source of the speculation. A couple of days later, however, news also surfaced that Zimbabwe was not looking to adopt Bitcoin whatsoever, and was instead exploring central bank digital currencies (CBDCs). Zimbabwe’s minister of information, Monica Mutsvangwa, had the unfortunate job of quashing the rumors and providing a major buzzkill for Bitcoin maxis.   Winners and Losers  At the end of the week, Bitcoin (BTC) is at $63,185, Ether (ETH) at $4,577 and XRP at $1.17. The total market cap is at $2.75 trillion, according to CoinMarketCap. Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Loopring (LRC) at 100.64%, Kadena (KDA) at 99.70% and Livepeer (LPT) at 80.35%. The top three altcoin losers of the week are OMG Network (OMG) at -25.57%, Arweave (AR) at -16.86% and Cosmos (ATOM) at -15.68%. For more info on crypto prices, make sure to read Cointelegraph’s market analysis.   Most Memorable Quotations “For the second time in five months, we announced the seizure of digital proceeds of ransomware deployed by a transnational criminal group. This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation’s resilience to cyber threats.”Merrick Garland, U.S. attorney general “If Apple were to add support for #Bitcoin to the iPhone and convert their treasury to a Bitcoin Standard, it would be worth at least a trillion dollars to their shareholders.”Michael Saylor, CEO of MicroStrategy “The crypto community is ambitious, daring and full of potential. Innovation is about synergy. It’s beyond technology and about people. It’s about us.”Kristina Cornèr, editor-in-chief at Cointelegraph “I believe that in the next three to five years, the DeFi industry will grow massively. It’s already growing rapidly, but the advantages of peer-to-peer technologies can and will be more widely experienced.”Anton Bukov, co-founder of 1inch Network “If the results of this ‘development’ phase conclude that the case for CBDC is made, and that it is operationally and technologically robust, then the earliest date for launch of a U.K. CBDC would be in the second half of the…

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coinedict

SportX & Polygon Unveil $1.5m World’s Largest ‘Bet Mining 3.0’ Campaign

SportX – growing at 1,600% in 2021 – deepens partnership with Polygon to drive the Ethereum scalability and transaction speed necessary to achieve its ambitions. DUBAI, UAE / ACCESSWIRE / November 12, 2021 /Polygon, an Ethereum scaling platform onboarding millions to the Web3, today announces it has contributed $500,000 to incentivize further volume building on SportX, part of the SX Network and the largest prediction market dapp by betting volume across all chains. In addition to the $500,000 in $MATIC from Polygon, SX Network is putting in $1M of staked $SX to its Bet Mining 3.0 campaign, taking the total incentivization pot to $1.5M. Every week, SX Network will be paying out $125,000 in rewards on top of regular bet winnings to users of the protocol. Rewards will be paid out on Monday’s based on the previous seven days betting volume. Sandeep Nailwal, the Co-Founder of Polygon, says: “SportX is one of the fastest growing platforms in blockchain, and we are happy to be working together. We provide the Ethereum scalability and transaction speed necessary for platforms like SportX to achieve their ambitions.” To participate in what SportX describes as “the best betting incentive campaign ever, period”, bettors go to SportX.bet, connect their Metamasks or create an email wallet while connected to the Polygon Network and bet on sports, e-sports, or crypto prices using ETH or USDC on SportX. Other than excluding wash bets1, there are no other requirements or stipulations. SportX is the fastest growing crypto prediction market, on track to grow annual betting volume and revenue by more than 1,600% in 2021. It is a regulated web application that hosts more than 500 prediction markets daily and has facilitated more than $76M in bets. SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SportX is one of three layers comprising the SX Network, alongside the SX Protocol and SX Blockchain. SX protocol is a smart contract protocol that facilitates all prediction betting markets and enables the SX token and SX Treasury. SX blockchain, in final development, is a highly scalable EVM-compatible PoS blockchain, built using the Polygon SDK. Andrew Young, Project Lead at SportX, says: “This is a whale among incentive schemes and will turbo-charge user volume on SportX. It’s really hard to build blockchain prediction markets. They have low transaction sizes and are more prone to rapid rises in transaction fees. The irreversibility of blockchains also makes it difficult to easily integrate traditional data feeds and there are numerous other challenges, such as latency. SportX has overcome all these technical issues to create a Sports prediction platform that is out on its own. As well as building scale with this incentive program, we want to highlight the groundbreaking nature of the SX Network Blockchain we are building with the Polygon Team. In 2022 this Polygon “sister chain” will launch and become the permanent home to SportX and many of Polygon’s newest Dapps.” “Our vision is much wider than sports betting, however. Blockchain governance is the biggest unsolved problem in the entire crypto space. Prediction markets can solve this; instead of voting on decisions, people bet on them – this is commonly called futarchy. SX Network is going to be the first blockchain to implement futarchy and use prediction markets to solve the governance problem.” Kevin O’Leary, the outspoken venture capitalist best known as Shark Tank’s Mr. Wonderful, is an investor in both SportX and Polygon. He commented: “I love prediction markets, I love blockchain, and SportX is a fantastic company doing great things in both. It’s great to see so many great ideas being built on highly scalable, modern blockchains like Polygon. I’m bullish on SportX, bullish on Polygon, and bullish on the future!”. Polygon is the fastest growing blockchain with high speed and low gas infrastructure. DeFi bluechip Dapps including Sushiswap, Curve, Aave, Balancer, Kyber all integrated Polygon. This leading Ethereum scaling platform works in parallel with the Ethereum network to improve functionality and promote infrastructure development. Polygon achieves this via its array of scaling solutions, including Polygon PoS, Polygon SDK, Polygon Avail, Polygon Nightfall, and Polygon Hermez. Notes for editors 1 SportX has implemented strict betting analysis tools to not count wash trading bets as eligible for Bet Mining 3.0 rewards. Accounts deemed to be wash trading will not receive rewards. For more information, please contact: Jon Reader Cryptoland PR | http://cryptolandpr.com/ polygon@cryptolandpr.com About Polygon Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured. If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here. Website | Twitter | Ecosystem Twitter| Developer Twitter | Studios Twitter | Telegram|Reddit | Discord | Instagram | Facebook | LinkedIn About SX Network SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network is a stand-alone smart contract blockchain being built on the Polygon SDK. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model. Website |Twitter |Reddit |Discord |SportX

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Ethereum

Ethereum Recovers Losses, Why ETH Could Aim A Test of $5K

Ethereum recovered losses and climbed above $4,700 against the US Dollar. ETH must clear the $4,850 resistance for a move towards the $5,000 level. Ethereum started a fresh increase above the $4,650 and $4,700 levels. The price is now trading above $4,700 and the 100 hourly simple moving average. There is a key rising channel forming with support near $4,735 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $4,650 support zone. Ethereum Price Eyes More Upsides Ethereum found support near the $4,450 level after a sharp decline. ETH price formed a base and started a fresh increase above the $4,600 resistance. The price was able to clear the 61.8% Fib retracement level of the last key decline from the $4,865 high to $4,452 low. There was a break above the $4,650 and $4,700 resistance levels. Ether price is now trading above $4,700 and the 100 hourly simple moving average. Besides, there is a key rising channel forming with support near $4,735 on the hourly chart of ETH/USD. An initial resistance on the upside is near the $4,800 level. Source: ETHUSD on TradingView.com The next major resistance is near the $4,850 level. A close above the $4,850 level could spark a sharp increase in the near term. In the stated case, the price might rise towards the $5,000 level. Any more gains could lift the price towards the next key hurdle at $5,200. Dips Limited in ETH? If ethereum fails to continue higher above the $4,800 and $4,850 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $4,720 level. The first key support is now forming near the $4,700 level and the channel trend line. A downside break below the $4,700 support might push the price below the $4,650 support. The next key support is near $4,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $4,650 Major Resistance Level – $4,850

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Bitcoin

Bitcoin Consolidates Losses, Why 100 SMA Holds Is The Key

Bitcoin price started a downside correction below $65,000 against the US Dollar. BTC must climb above the 100 hourly SMA and $66,500 to start a fresh increase. Bitcoin started a downside correction below the $66,000 and $65,000 levels. The price is now trading below $66,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $65,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear break above $66,000 and the 100 hourly SMA. Bitcoin Price Consolidates Below $66K Bitcoin price started a downside correction below the $66,000 pivot level. BTC broke the $65,500 support level and the 100 hourly simple moving average to move into a short-term bearish zone. There was a clear break below the $65,000 support and the price even spiked below $64,000. A low was formed near $62,700 before the price corrected higher. There was a break above the $64,000 resistance level. Bitcoin climbed above the 23.6% Fib retracement level of the key decline from the $68,990 swing high to $62,700 low. On the upside, an immediate resistance is near the $65,200 level. There is also a key contracting triangle forming with resistance near $65,200 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The first major resistance is near the $65,850 level. It is close to the 50% Fib retracement level of the key decline from the $68,990 swing high to $62,700 low. The main resistance is now forming near the $66,500 level and the 100 hourly SMA. A clear break above $66,500 resistance may possibly call open the doors for a fresh increase. The next major resistance sits near the $67,500 level. More Losses in BTC? If bitcoin fails to clear the $66,500 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $64,200 level. The first major support is now forming near the $63,500 level. The next major support is near the $62,850 level, below which the price could even decline below the $62,000 support zone. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $63,500, followed by $62,500. Major Resistance Levels – $65,200, $65,800 and $66,500.

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bitcoin
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