Archiwa tagu: 20%

BTC Fear & Greed Index Enters Extreme Fear Zone

A common similarity between the more traditional markets and that of crypto is that of the ‘extreme fear’ which seems to show itself every now and then. Most recently, this level of fear has been exhibited by numerous investors regarding Bitcoin (BTC)’s…

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Which country really wins the Winter Olympics?

Gold medals per population and GDP since 1994 Rank Country name Country Golds Golds per person Golds per GDP Germany DEU 76 0.91 20.10 Norway NOR 69 12.73 188.33 USA USA 58 0.18 2.79 Canada CAN 58 1.54 36.24 Russia…

The post Which country really wins the Winter Olympics? appeared first on BitEdge.

Bumper Commences Fruitful Liquidity Provision Program for Users Willing to Counter Asset Volatility; Attracts 4M in Minutes

Bumper Finance’s eagerly awaited liquidity provision program has now launched. Day 1 investors are already steaming in to take advantage of the superb APR on offer for those participating. The innovative protocol aims to calm the nerves of crypto investors by offering a unique set of protections against asset volatility. It hopes to empower holders

The post Bumper Commences Fruitful Liquidity Provision Program for Users Willing to Counter Asset Volatility; Attracts 4M in Minutes appeared first on Live Bitcoin News.

Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub

The Ethereum Improvement Proposal (EIP) 3675 has now launched on GitHub. EIP-3675 contains the ETH 2.0 proof of stake merge that is coming to the network. Although this does not mean that the move to proof of stake is happening anytime soon, it is bringing the Ethereum network one step closer to the move from proof of work to proof of stake. Consensus researcher Mikhail Kalinin creating a pull request for the EIP-3675 on GitHub formalized the chain merge as an improvement proposal for the first time ever. The pull request was made on Thursday 22nd July 2021. Related Reading | Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst Ethereum developers continue to work towards the merging of the Ethereum Mainnet with the already up and running Beacon Chain, which would mark the final step for the move to proof of stake. The EIP-3675 is meant to set the stage for “The Merge,” which is slated to be discussed at a core developers’ meeting that will be held on Friday, July 23rd. ETH 2.0 Delays Ethereum co-founder Vitalik Buterin had confirmed that the move to ETH 2.0 had been delayed. But according to the CEO, a couple of factors had contributed to the delay of the project. Firstly was that they had expected it to take a much shorter time than it would have. When the project was first proposed, the team had believed the move to proof of stake would only take a year. It turned out to be a project that would take at least six years to accomplish. ETH price shows downwards movement post-recovery | Source: ETHUSD on TradingView.com Another problem that the Ethereum upgrade had encountered had been team conflicts. It had been speculated that technical difficulties had been the reason for the continuous delays but in the end, Buterin confirmed that the problem was in fact not related to technical problems. One of the major causes for the delays had been with the people working on the project. Related Reading | Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH One of the biggest problems I’ve found with our project is not the technical problems,” said Buterin. “It’s problems related to people. We have a lot of internal team conflicts in these five years.” Continous disagreements and team conflicts seem to plague the project. The CEO is quoted saying, “if you are building a team, it is important to know who you are working with.” Ethereum Progression So Far Expectations for the network continue to remain high. Ethereum price itself has taken hits over the past months as the crypto market continues to be beaten down by bears. But despite the declining prices, holders continue to stake their coins ahead of the move to proof of stake. Over 6.3 million ETH have been staked on the Ethereum network, accounting for over 5% of the current circulating supply of ETH. Related Reading | As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary Investors had hoped shard chains would be rollout this year but this is unlikely as the possible date of launch for the shard chains has now been moved to 2020. Ethereum’s price continues to trade above $2,000 after the boost it received from Elon Musk. With a current market cap of $234.05B.

Axie Infinity refreshes record high as AXS ascends 131% in just 3 days

Traders flock to the gaming cryptocurrency in the wake of a sector-wide price rally, but its gains are comparatively higher — much higher.

The price of Axie Infinity’s native token, AXS, more than doubled in just three days of trading amid speculation that it is going to revolutionalize the blockchain-enabled gaming industry forever.

The AXS/USD exchange rate reached a record value of $32.69 on Friday, up 31.28% intraday, and about 131% from its Tuesday low of $14.09. That placed the pair in the list of best-performing digital assets on a year-to-date timeframe; its 2021 gains are now above 5,000%.

Axie Infinity’s massive upside moves appeared due to its rising popularity as a play-to-earn gaming service. In detail, the Ethereum-enabled blockchain project is a Pokemon-like game, wherein players adopt, breed and trade digital pets — called Axies — in the form of nonfungible tokens.

Axie developer Sky Mavis called the game “a nation with a real economy,” which allows people to shape economic policies and practice local governance in a metaverse. The virtual environment has gained traction among netizens, insomuch that its total revenue closed toward $120 million in July versus $1.92 million at the beginning of this year.

Axie Infinity revenue is close to hitting $120M. Source: Axie World

Analysts at Delphi Digital forecasted that Axie’s revenue would reach approximately $153 million by the end of July and $1.1 billion by the 2021’s close.

What is AXS?

Axie developers focus on creating a play-to-earn model. In doing so, the project rewards players for the effort and time they put in both playing and growing the ecosystem. Every functional ecosystem needs tokens to transfer value. In Axie’s case, two assets fill that role: Axie Infinity Shards (AXS) and Small Love Potion (SLP).

Players earn SLP through Axie’s gameplay. They can later exchange the token for fiat, enabling a system where playing time turns into a person-hour wage. Axie reported that many of its players were making $5 a day by playing Axie, but the income surged to $20 as of late.

Meanwhile, AXS operates as a settlement currency inside the Axie Infinity ecosystem, using trading fees, governance, and Axies’ buying and selling. As a result, its holders receive 95% of Axie Infinity’s total revenue, just like a government that receives tax revenues from its citizens.

Sky Mavis holds about 20% of the total AXS token supply.

The proposition has helped to push AXS demand higher even amid an ongoing sector-wide downtrend. Since its launch, the Axie Infinity token has raked in more than 18,000% profits for its investors.

AXS price technicals

The latest AXS rally also surfaced in the wake of a sector-wide rebound, led by Elon Musk’s revelation that his space technology firm, SpaceX, holds Bitcoin (BTC). He also committed that Tesla would resume the Bitcoin payment option for its electric vehicles once the flagship cryptocurrency switches to green energy solutions for mining.

Related: Axie Infinity (AXS) axes almost half its value following 971% bull run

Bitcoin’s rebound from below $30,000 has sent altcoins in a similar retracement trajectory, thereby benefiting AXS. However, the Axie Infinity token posted better short-term profits than its digital asset rivals, given the euphoria surrounding its gaming project.

AXS has been in a steady uptrend since launch. Source: TradingView

Technically, AXS’s latest move uphill had it break above its parabolic resistance. The cryptocurrency now holds $24.07 as its interim support while eyeing a run-up toward its next potential upside targets at $36.48, $56.57, $76.65, and so on.

Conversely, slipping below $24.07 exposes AXS to deeper downside levels at $19.78, $16.40 and $14.03.

AXS trading volume and market sentiment rise 

Additionally, VORTECS™ data from Cointelegraph Markets Pro detected a bullish outlook for AXS on Friday before its recent price rise.

In detail, the VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points, including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. AXS price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for AXS first flipped green early on Friday at 00:15 UTC. Then the AXS prices began to rise, reaching as high as 78 four hours before the price peaked at $32.14.

At the time of writing, the VORTECS™ Score for AXS has slid back down to 65, suggesting that the conditions are still favorable for more upside price potential.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Ethereum Price Could Go Up Over 860% To Break $10,000, Crypto Analyst

Ethereum value has taken some hits in the past few months as the coin has since significant losses in the price after the digital asset had hit its all-time high back in May. The price of ethereum had gone as high a $4,300, but the price has since crashed over 50% since then and now sits at less than $2,000 at the time of this writing. Notwithstanding, crypto analyst and trader Kaleo predicts that the price of ETH is set to grow immensely in the next 12 months. The crypto analyst looks through movements of ethereum from back in 2017 and predicts that based on this, the digital asset is poised to experience a parabolic rally in its price. Related Reading | As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary The long-term price prediction from Kaleo puts the digital asset price at over $10k, following a major altcoins season. The analyst’s prediction puts the price of ethereum at well over an 860% increase in the second half of the year 2021. Ethereum And Bitcoin Price Predictions For 2021 Taking to his Twitter, which remains his primary method of communication, Kaleo gave a couple of predictions regarding the prices of the top two digital assets in the space. According to the crypto trader, the price of bitcoin was going to see another run-up that would put the digital asset in a six-figure discovery range. Joining the ranks of crypto analysts who have put the price of the number 1 crypto coin at $100,000 before the year runs out. ETH price down over 50% since all-time high | Source: ETHUSD on TradingView.com In line with this, Kaleo put the price of ethereum at a whopping $10,000, not minding the current bearish sentiments that continue to rock the markets as digital assets have continuously lost value amid sell-offs from investors. The tweet further went on to predict more adoption from institutions and governments. While simultaneously calling out that there will be continuous FUDs from institutions and governments surrounding cryptocurrencies. My predictions for the second half of 2021: – $BTC enters 6 figure price discovery– $ETH breaks above $10K– We see one more major alt season– More institutional / government adoption – More institutional / government FUD– Cryptunez gets a girlfriend– Bears remain bearish — K A L E O (@CryptoKaleo) June 17, 2021 Long-Term Predictions For 2022 To 2023 Kaleo, who uses the handle @CryptoKaleo on Twitter, posted a follow-up tweet containing even more longer-term predictions for the top crypto coins. The tweet included price predictions for both bitcoin and ethereum, and predictions for major regulations to follow. But unlike the first predictions for the second half of 2021, these predictions were much more bearish, explaining that prices would crash in this time period. Related Reading | Ethereum Whales Go On Buying Spree, Top 10 Addresses Now Own 20% Of All ETH My predictions for 2022/2023: – $BTC back down to ~$50K– $ETH back down below $1K– Alts die again – Bears who were bearish the whole way up from here to the top call for infinite clout– Major regulation comes against crypto. People call Bitcoin dead again (it isn’t) — K A L E O (@CryptoKaleo) June 17, 2021 Kaleo sees the price of ethereum falling over 90% after it hits its predicted $10,000 in the second half of 2021. Calling the price crash to be under $1,000 when this happens. Altcoins were also predicted to crash at this point, putting the general market at this point in a bear stretch. Featured image from Forbes, chart from TradingView.com

Will Nakamoto consensus work if a nontrivial portion of miners/nodes are on the moon?

Will Bitcoin (or Nakamoto consensus) work if a non trivial portion (say 5%) of miners/nodes are on the moon? What about mars? How about one of the moons of Jupiter?

If not, why not? If yes, how does the consensus algorithm adapt to messaging delays because of large distances?

If 5% on the moon works, will 20%? What about 50%? If 5% doesn’t work, what about 1%? Or 0.1%?

Are there well known theoretical limits of extraplanetary (ie: beyond earth) consensus?

Kenyan Remittances Surged by 20% in H1, North America and Europe-Based Diaspora Contribute Over 80%

According to the latest data from the Central Bank of Kenya (CBK), diaspora remittances inflows to the country surged to $1.75 billion in the first six months of 2021. This figure represents a nearly 20% increase from the $1.46 billion recorded in the same period last year. 2021 Inflows Set to Surpass 2020 Total At […]