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How to build a crypto portfolio without spending any money or time trading
Some say “it takes money to make money,” but this isn’t true in crypto. Here’s a few free ways to start building a portfolio.
Starting to invest in cryptocurrency does not necessarily require connecting with a bank account or spending fiat to purchase Bitcoin. Another way to earn cryptocurrency and build a portfolio is to complete a variety of tasks on various Web3 platforms.
Using decentralized applications and decentralized finance (DeFi) platforms, users can earn cryptocurrency and then swap, sell or hold it in centralized or decentralized wallets without even having to spend money.
Let’s look at a few ways to build a crypto portfolio without connecting a bank account. Read More
Beware of Bing AI chat and ChatGPT pump-and-dump tokens — Watch The Market Report live
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss ChatGPT pump-and-dump tokens and why you should be cautious.
This week on The Market Report, the resident experts at Cointelegraph discuss dozens of pump-and-dump tokens purporting to be related to ChatGPT and Bing AI chat.
We will be doing things a little differently this week since our handsome and charming host, Joe Hall, will be somewhere over the Atlantic during the livestream and will not be able to join us. Not to worry, though, as our resident experts Marcel Pechman and Sam Bourgi are here, as always, to break down the latest news in the markets.
The New York State Department of Financial Services ordered Paxos to “cease minting” the Paxos-issued Binance USD dollar-pegged stablecoin. On Feb. 16, a bank account controlled by Binance.US moved over $400 million to the trading firm Merit Peak, which is supposedly an independent entity also controlled by Binance CEO Changpeng Zhao. This and other bad news in the crypto market have not seemed to deter Bitcoin from gaining 15% since Feb. 13. In fact, both retail and pro traders are showing signs of confidence. We explain why that is the case and why the odds favor a continuation of the current rally.
Blockchain security firm PeckShield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT.
Some of these tokens have already lost most of their value, if not all, in what is often referred to as a “pump-and-dump” scheme or a “rug pull.” A pump-and-dump scheme typically involves the creators orchestrating a campaign of misleading statements and hype to persuade investors into purchasing tokens, then secretly selling their stake in the scheme when prices go up. Read More
Ethereum Shapella upgrade gets new date, making way for un-staking ETH
The upgrade is only for the Sepolia network, with a subsequent upgrade for the Goerli network to be introduced in March.
Ethereum core developer Tim Beiko announced the Shapella upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832.
Shanghai and Capella (Shapella) are the upcoming Ethereum hard fork names. Shanghai is the fork’s name on the execution layer client side, and Capella is the upgrade name on the consensus layer client side.
Some key Ethereum improvement proposal (EIP) changes on the execution layer include warm coinbase (not to be confused with the crypto exchange) and Beacon Chain push withdrawals. The push withdrawals will allow validator withdrawals from the Beacon Chain to the Ethereum Virtual Machine via a new “system-level” operation type. On the other hand, warm coinbase could be a game changer that reduces network fees for builders.
Coinbase is the name of the software that builders use to receive new tokens on the network. Every new platform transaction must interact with the coinbase software multiple times. The first interaction costs more as the software needs to “warm” up, with fees declining as the interactions increase. However, with the introduction of EIP-3651, the coinbase software will remain warm to begin with, requiring a lower gas fee to access it. Read More
Not Just Bitcoin: Ordinals Are Now On Litecoin
Bitcoin isn’t the only network that can bake NFTs directly into its blockchain.
Chasing a bounty of over $2000, a coder has successfully imported the Ordinals NFT protocol to Litecoin.
The new functionality arrives shortly after Bitcoin – the network on which Ordinals initially launched – surpassed 150,000 inscriptions this week.
On Sunday, a coder named Anthony Guerrera launched Litecoin Ordinals on GitHub by forking the Bitcoin repository for the project, published by Casey Rodarmor last month.
The Bitcoin-based version allows satoshis to be inscribed with data including images and videos, effectively bringing NFTs to a network once frequently criticized for lacking them.
Things changed thanks to Bitcoin’s Taproot upgrade in November 2021, which brought more privacy and smart contract capabilities to Bitcoin, with Ordinals as an unforeseen consequence. Litecoin contains soft forks of Bitcoin’s SegWit and Taproot technology which are required for Ordinals to work. Read More
Phase Two of the Markethive internal wallet is complete, a considerable milestone for the company and the Markethive community. The impending release of the wallet is a pivot point for Markethive to secure its future as a completely decentralized social media broadcasting and marketing platform the world so desperately needs for these significant times.
The Markethive wallet is not just an ordinary wallet: It’s a transactional interface that services and keeps track of all your accounting and transactions, including your loans to Markethive and interest paid by Markethive to you via the ILP.
With Phase Two now in operation, you can access and set up your personal requirements and view your status in The Vault, Hive Rank, Staking, KYC Application, ILP Report, payments, and Markethive Credit threshold and balance. Plus, you can now transfer Markethive Credits to other members within Markethive.
Note that full access to all of the Markethive systems requires complete KYC documentation and an Entrepreneur One membership. The Markethive platform, with its general newsfeed, is free to use; however, the marketing systems and aspects thereof within Markethive will be limited, including Hivecoin transactional activity and micropayments of MHV.
Once the Markethive wallet is fully operational and launched, the Premium Upgrade will be introduced, which offers additional features and benefits to achieve a significant presence online for your marketing efforts and business growth, especially with the upcoming unique dashboard interface. It will be beyond anything else out there today. Read More
Blockchain Gaming is Having a market caps increment
Play-to-earn Over the course of the last year, blockchain gaming has seen a decline as players have emphasized on the quality of their overall gameplay experience.
On the other hand, recent research from DappRadar reveals that during the first month of 2023, gamers were responsible for over half (48%) of all blockchain activity.
The market capitalization of the top gaming tokens increased by 122% on average over the month of January. Gala (GALA), the digital utility token of the Gala Games ecosystem, had its value climb by 218% during this time period.
According to the survey, the increased interest in these gaming tokens is a result of buzz from the sector reaching viewers in more mainstream media. For instance, Gala Titles made news when it announced the acquisition of a new mobile gaming company that had more than $20 million in assets under control as well as 15 games.
This is due to the fact that blockchain gaming is already a subset of the old business. As blockchain technology becomes more popular, more people will start playing Web3 games, which will eventually become widespread. Read More
How to create NFTs on the Cardano blockchain
Cardano NFTs are unique digital assets on the Cardano blockchain that can be created using smart contracts and traded on NFT marketplaces.
Cardano is a proof-of-stake (PoS) platform launched in September 2017 by Ethereum co-founder Charles Hoskinson. In September 2021, Cardano added support for smart contracts, which paved the way for developing decentralized finance (DeFi) and nonfungible token (NFT) applications. NFTs landed on Cardano’s blockchain in 2022, with Cardano’s native cryptocurrency ADA utilized to buy and sell them.
The deployment of smart contracts on Cardano allowed the creation of NFT marketplaces, including CNFT.IO and Jpg.store. These marketplaces facilitate NFT projects on Cardano in a cost-effective and scalable way, attracting many enthusiasts seeking a user-friendly platform for creators and traders with low-cost transaction fees.
Minting and creating collections are no longer intimidating hurdles for the non-techie NFT enthusiast, as minting on Cardano is similar to doing it on Ethereum or Solana. The platform offers a lot of help with guidelines to take the creators through the process. Read More
Spotify's Token-Gated Playlists a 'Powerful' Benefit for NFT Projects: Overlord Founder
Projects like Overlord and Kingship have joined Spotify’s new pilot, as the streaming music giant trials token-gated benefits for NFT owners.
Streaming music giant Spotify has rolled out a new token-gated playlist pilot as its latest Web3 experiment.
Joining the pilot are a handful of NFT projects, including Overlord and Kingship, letting holders from each project test out a unique crypto integration with the streaming platform. Essentially, the feature lets members of those particular communities connect a crypto wallet holding one of the Ethereum NFTs and access an exclusive Spotify playlist.
Overlord powers more than just NFT collectibles, labeling itself a “gaming and entertainment brand” with an animation deal already inked with Seth Green to use its Creepz NFTs. Kingship, meanwhile, is a virtual band from Universal Music Group's 10:22PM label. It's akin to Gorillaz and is made up of fictional band members inspired by Bored Ape Yacht Club NFTs.
For now, the new token-gated service is only available on Android and in the United States, United Kingdom, Denmark, Australia, and New Zealand. Read More
Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function and suggests ways to prevent transaction replay.
Ripplex Dev Proposes XRPL Cross-Chain Bridge Technology
According to a recent draft submitted to Github, developers want to create a cross-chain bridge for the XRP Ledger (XRPL). The technology would allow cross-chain transfers and provide blockchain interoperability between XRPL and various networks. “In this proposal, a cross-chain transfer is not a single transaction,” the GitHub draft details. “It occurs on two chains, requires multiple transactions, and involves an additional server type called a ‘witness.’”
If a cross-chain bridge is implemented for XRPL, the blockchain will join numerous networks that leverage this technology, including Ethereum, Avalanche, Solana, Binance Smart Chain, and others. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
