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Demystifying the World of Cryptocurrency Exchanges and Investments
Cryptocurrency exchanges revolutionize digital finance by offering services like futures trading, staking, and savings accounts, with potential AI and machine learning integrations. They provide a seamless user experience.
In today's digital age, cryptocurrency has taken centre stage, intriguing enthusiasts and investors alike with its potential for significant returns. It all begins with a simple decision to buy Bitcoin and dive into this novel financial landscape.
As pivotal players in the digital finance ecosystem, cryptocurrency exchanges offer a gateway to a world where digital assets can be exchanged with ease and security. They have evolved to become more than just transactional platforms, providing a wide array of services and investment opportunities for users around the globe. Read More
Starknet Price Jumps After Ethereum Scaler Bows to Pressure Over Token Unlock Schedule
StarkWare announced Thursday that it will gradually allocate Starknet tokens to contributors and investors following backlash.
StarkWare, the startup behind the Ethereum scaling network Starknet, announced Thursday that it will revise its STRK token allocation schedule for contributors and investors following backlash from the crypto community.
The company will spread out its allocations over the course of years rather than conducting a sizable planned STRK unlock this April. The price of STRK jumped following the announcement, according to CoinGecko, rising from $1.86 to $2.03 in a matter of minutes before settling to just under $2 as of this writing. The token is up 9% on the day.
StarkWare had initially planned to unlock 1.3 billion STRK tokens for investors and early contributors on April 15, following this Tuesday's token launch. The short cliff had been controversial among Starknet users and across the broader crypto community, amid fears that such a sizable unlock (about 13% of the total STRK supply) could impact the token's price. Read More
46% of largest crypto airdrops peaked within 14 days — CoinGecko
According to CoinGecko, among the 50 largest crypto airdrops since 2020, almost half of them reached all-time high prices within two weeks of the token being publicly listed.
Recent data from cryptocurrency data aggregator CoinGecko indicates that holding a newly airdropped crypto token for more than 14 days has, nearly half the time, resulted in missing the opportunity to sell at its all-time high.
Since 2020, there has been a significant increase in airdrop interest. The most common way to receive free airdropped tokens is through participating in pre-launch blockchain network activity or promotional work.
On Feb. 1, Cointelegraph reported that a 17-year-old crypto investor claimed to have made over $1 million from the Solana-based Jupiter (JUP) airdrop.
According to a recent report by CoinGecko, in the last four years, around half (46%) of the top 50 crypto token airdrops, including prominent tokens such as Ethereum Name Service, Blur and LooksRare, reached their peak prices within two weeks of launching.
The report states that “23 out of the 50 biggest airdrops (46%) recorded peak token prices during the first 2 weeks of their airdrop date.” Read More
Bitcoin Halving and BTC Price: Will This Time Be Different?
Bitcoin is in a different place than it was four years ago, the last time the cryptocurrency underwent a halving. Here’s what you need to know.
The Bitcoin halving is fast approaching—and market analysts tell Decrypt that there are unique circumstances this time around that will play important roles for traders and investors.
The lingering doubt for most is the age-old question: Is the Bitcoin halving priced-in?
The biggest digital coin by market cap has shot up in value following the past three halving events—but it wasn't immediate. And this time, there are other factors at play—including renewed interest from retail investors following the launch of Bitcoin ETFs in the U.S. market, as well as looming interest rate cuts from the Fed, which could be bullish for risk assets across the board.
For those who don’t know, the Bitcoin halving will mean that miners, the individuals and groups who process transactions on the blockchain and mint new coins, receiving rewards in the process, will have their payments cut in half. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
You Can Now Move Brave Browser Rewards On-Chain With a Solana Wallet
The popular web browser now allows BAT transfers to self-custody Solana wallets—and the team hasn't ruled out other blockchain integrations.
Brave, the company behind the privacy-focused Brave browser, is bringing on-chain Solana payments with its long-time Brave Rewards program, the company announced on Thursday.
The on-chain Solana feature, Brave said, will allow Brave browser users to transfer BAT tokens from their local machines to a self-custody Solana wallet, without involving a centralized exchange.
“We chose Solana as the ideal network for the launch of on-chain Brave Rewards given its high transaction speed and low fees, which help reduce the costs associated with distributing BAT earnings to hundreds of thousands of users,” Brave said in the announcement. Read More
What is a block reward, explained
A block reward is a crucial component that supports the decentralized nature of cryptocurrencies and has great symbolic and functional importance.
Fundamentally, a block reward is the payment made to crypto miners for adding authorized transactions to the network. This process, known as mining, involves completing challenging mathematical puzzles, adding computing power to the network and preserving the distributed ledger’s integrity.
The importance of a block reward lies in the fact that it serves as the primary source of incentive for miners, creating a competitive atmosphere that protects the security and stability of the network as a whole. In addition to compensating miners for their computing efforts, it is essential to create new coins and efficiently manage cryptocurrency distribution and circulation. This dual role supports the overall supply and demand dynamics of the digital currency, along with maintaining an incentive structure for miners.
Furthermore, by eliminating the requirement for a central authority to control or issue currency, the block reward exemplifies the principle of decentralization. It creates an open, transparent, self-sustaining system where users are compensated for their efforts, enhancing the ecosystem’s innovative and democratic features. Read More
'No Guarantee' Bitcoin Halving Will Be Favorable for Miners: Riot Platforms
Experts warn that miners should get "ready to shut down unprofitable machines" after the Bitcoin halving cuts rewards.
One of the largest Bitcoin mining facilities, Riot Platforms, has warned shareholders that there is "no guarantee" the Bitcoin halving will have a positive impact on its profitability.
Roughly every four years, Bitcoin is programmatically set for a "halving" which cuts the reward for mining new blocks in half as a way to keep inflation in check. Bitcoin is set for its next halving sometime in April, with some speculators thinking that it will increase the price of Bitcoin.
But Riot Platforms is warning investors to not get overhyped.
"While Bitcoin prices have historically increased around these halving events, there is no guarantee that the price change will be favorable or would compensate for the reduction in mining rewards." Riot said in its 2023 annual report. Read More
US-based OANDA gets green light to offer crypto trading in the UK
OANDA’s new crypto platform will offer 63 crypto trading pairs to begin with and will expand its services further.
United States-based crypto brokerage firm OANDA is set to begin crypto trading services in the United Kingdom via its registered subsidiary, OANDA Crypto. The crypto subsidiary was established last year after the cryptocurrency brokerage firm acquired a majority stake in Financial Conduct Authority (FCA)-registered Coinpass.
The new crypto trading platform will offer trading services for over 63 cryptocurrency pairs, including Bitcoin and Ether, with plans to add more tokens and features in the coming years.
OANDA’s recent expansion in the U.K. comes more than a year after the firm opened crypto trading services in the U.S. in partnership with Paxos, a popular crypto trading platform. The firm recently moved its European operations away from Malta to Warsaw in Poland, acquiring Polish broker Dom Maklerski TMS Brokers SA, which was later rebranded to OANDA TMS. 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.
