DeFi

After some times of struggling at around $20,000 (even falling slightly below it), BTCUSD has made some impressive upward movements. Bullish market activities have taken the price to around $24,000. On the 28th of July, Bitcoin closed with a price at $23,954. The two days that followed was an intense struggle between buyers and sellers, […]

An announcement was issued earlier in January about the launching of a new Shiba inu project known as ‘Shib: the metaverse’. The project is about the integration of all the Shiba tokens, the ecosystem and NFT lands in a metaverse environment. The NFT land sales is an offer to acquire virtual properties which have profiting […]

Between June and July SOLUSD has had a series of short-term rises and falls. It had its highest value at $42.4850 on the 6th of June. Then it had a series of swings; dropping to the lowest point of $28.535 on the 13th of June. As of today, the price holds at $41.535. A bearish […]

Dani Alves, a prolific football player for Barcelona, has launched his own NFTs at metaTerrace, a metaverse-base reception hall in Dubai. This Launching took place on the 28th of June 2022. ColossalBit, a  specialized firm for developing cryptocurrencies based in Dubai, hosted the event. Dani Alves in alliance with ColossalBit and Backes and Strauss (B&S), […]

Since 15 July, we notice an impressive movement in the market, favouring the bulls, as price action performs above moving average curves. The 20-day moving average and the 9-day moving average are both below the activities of the price action. This indicates that the ripple is in an uptrend movement.   Support: $0.56793, $0.46731, $0.33491 Resistance: $0.33359, […]

‘Core Scientific’, a large mining firm, is forced to sell out tokens which the firm mined in June. Core Scientific is one of the world’s leading mining firms with over 180,000 servers around the globe, which account for 10% of the world’s crypto mining computing power. It needed to settle some debt and purchase new […]

As the name may imply, Tokenomics is a blend of token and economics. Tokenomics studies the economics of tokens. It is an all-inclusive and broad term used to cover all the factors that make cryptocurrency attractive to investors. It includes the supply and demand of the tokens, management, allocation, regulation, distribution, incentives, and many others. […]

Wrapped Bitcoin is an ERC-20 token. ERC-20 is an acronym that stands for Ethereum Request for Comment. Wrapped Bitcoin is an Ethereum ERC-20 token fully supported by Bitcoin. This is a way the Ethereum network offers Bitcoin holders the opportunity to take part in the rapidly expanding Defi ecosystem. Although Bitcoin is the first cryptocurrency, other Defi networks that came after bitcoin have...

In a recent interview with Bill Gate, he remarked on NFTs. He cited ‘the Board Ape NFTs as an example, he said these electronic arts are based on Ponzi schemes (the greater fool theory). His critical views about NFTs cannot be overlooked judging by the kind of person Bill Gate is. Bill Gates, the fourth […]

Miners on blockchain networks are facing the hard decision of shutting down operations as the price of tokens is no longer sustainable for operations. Bitcoin and Ethereum need a high amount of power supply for a mining operation. The implication of this is the high cost of power. A very good chunk of the amount […]