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Crypto Data

@RealVision Exchange #crypto portfolio weights and my Bot portfolio

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Crypto Data

@RealVision Exchange Crypto and Bot porfolio October 2021

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Crypto Data

Top 6 Altcoin Set to Explode in 2022

Top 6 Altcoin Set to Explode in 2022 Altcoin Daily

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Documentary Interviews

Michael Saylor and Bill Barhydt. The Ultimate Crypto Interview on Money Talks!

Michael Saylor and Bill Barhydt. The Ultimate Crypto Interview on Money Talks! Abra

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Crypto Data

RealVision Bot and Exchange Portfolio weight Sept 2021

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Crypto Data Ecosystem

Top NFT Ecosystems

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Crypto News

Decentralized search engine becomes default option on European Android devices

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“Presearch is backed by a community of node operators who process user search requests and earn rewards through the Ethereum-based PRE token. 

Beginning Sept. 1, decentralized search engine Presearch will be listed as a default option on all new and factory-reset devices sold in the United Kingdom and Europe, a move that could erode Google’s dominance in the search engine market. 

The decision by Google to list Presearch as a default browser option follows a protracted legal battle with the European Commission over accusations that the technology company used Android to solidify its search engine dominance. In 2018, the European Commission’s antitrust regulator fined Google a record 4.24 billion euros for unfairly limiting competition on smartphone operating systems. In 2019, Google said it will allow search engine rivals to compete for free on Android devices.

Presearch’s private, decentralized search engine option will now be listed on Android devices alongside several other eligible search engines across Europe. Although the search engines will be listed randomly, Presearch may appear differently depending on the user’s location. Regardless of location or device, Presearch can be accessed on desktop or smartphone by downloading the app via Google Play or the App Store. 

Presearch processes more than 1 million searches per day across more than 2.3 million registered users. The company said daily searches have increased more than 300% since January 2021. All search engine requests are processed by Presearch node operators, who earn rewards through Ethereum-based PRE tokens. 

PRE tokens are listed on CoinMarketCap and currently trade for less than 5 cents. The project has a total market capitalization of nearly $17 million. ” Cointelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto News

Raoul Pal LATEST – Bitcoin To 350k and Ethereum 20k In 2021

Raoul Pal LATEST – Bitcoin To 350k and Ethereum 20k In 2021 Savvy Finance

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Crypto News

Coinbase to use Polygon’s Ethereum scaling solution to reduce prices, settlement times

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An exact date for the L2 integration has not yet been made public.

An engineering team at the U.S. cryptocurrency exchange Coinbase plans to integrate Polygon’s layer-two (L2) scaling solution for Ethereum with the exchange platform.

  • The move marks a first for Coinbase’s protocol team, which will attempt to reduce high prices and long settlement times, according to a press release on Tuesday.
  • Integrating with Coinbase will allow exchange users to withdraw directly onto a supported L2 solution.
  • An exact date for the L2 integration has not yet been made public.
  • The Coinbase  is an experienced group of engineers aiming to contribute to the scaling of blockchains and community building. The team focuses on integrating various technologies with Coinbase products.
  • The aim is to help “level the playing field” while ensuring retail users don’t get priced out of being able to participate in this budding ecosystem, according to the release.
  • “This will certainly help to improve the Coinbase user experience,” said Polygon’s co-founder Sandeep Nailwal.
  • Last month,  with rollup platform Hermez Network in a $250 million deal, marking the first complete merger of one blockchain network into another.” FxStreet

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

DEXs built on top of the Blockchain

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Crypto Data

Top-Tier Blockchain platform Comparison

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Crypto News

Kraken Commits $250,000 to Advancing Ethereum’s Blockchain Upgrade Efforts

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“Today we are excited to announce that Kraken has donated $250,000 to the Ethereum Foundation to support developer teams working to achieve critical milestones on the Ethereum roadmap.

We believe it’s our responsibility to support the open-source innovators who are building the next generation of Ethereum, one of the key pillars of the crypto ecosystem. 

“As the first major exchange to list ETH for trading, Kraken is proud once again to lead the way by giving back to the courageous builders who are hard at work on the front lines of crypto innovation,” said Kraken CEO and cofounder Jesse Powell.

Funds will be awarded to developers working on nodes that support the Ethereum software over the coming months, going directly to projects that together power more than 80 percent of the distributed Ethereum network. 

Kraken clients are equally excited by, and committed to, Ethereum’s potential to shape a decentralized future. Since last December alone, our clients have staked more than 800,000 ETH – worth over $1.8 billion – to Ethereum’s Beacon Chain through their accounts, locking funds that can’t be made available until Ethereum makes essential migrations on its upcoming roadmap. 

Our donation follows our December grant to the decentralized Ethereum funding platform Gitcoin, which helped Kraken distribute $150,000 to Ethereum infrastructure projects. 

If you’re new to Ethereum and just hearing about staking, you can check out our staking guide on our Learn center. There, you’ll find details about how you can buy and stake ETH, earning rewards on your crypto on the Kraken exchange. You’ll also be able to learn about Ethereum, its transition to proof-of-stake, and other assets that you can stake on Kraken. ” Kraken

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

Cryptocurrency comparison table

Crypto Comparison Table by IG.com

Cryptocurrency comparison table

“The table below shows how the cryptocurrencies IG offers compare. Further down we explain how these factors may influence the cryptocurrencies’ valuations, and why they matter to traders.” IG

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

Top 30 Trending Searches on coingecko 16 – 23 Aug 2021.

“Top 30 Trending Searches on @coingecko from 16 – 23 Aug 2021. Welcome newcomers: $TOKE GNT RARE MBOX” Coin98 Analytics

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Crypto News

PayPal Launches Crypto Buying and Selling in the UK

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“PayPal’s UK customers will be able to buy, sell, and hold four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

In brief

  • The UK becomes PayPal’s first crypto expansion outside the U.S.
  • The company has been gradually building up its crypto offerings.

Starting Monday, PayPal’s U.K. customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Customers can buy as little as £1 ($1.3) worth of the cryptocurrencies using their bank account, PayPal balance, or debit card through a crypto tab on PayPal’s website and mobile app.

The U.K. is the second nation to access these services after the digital payments behemoth rolled out its crypto suite in the U.S. in October 2020. It offers the same four coins to U.S. customers.

PayPal does not charge customers for HODLing but will charge transaction and currency conversion fees. It has not provided a fee schedule, but in the U.S. fees range from 50 cents for purchases under $25 to 1.5% of the transaction for purchases over $1,000.

Customers can’t transfer crypto to other wallets. Crypto purchased through PayPal can only be spent through the app, though the company is reportedly working to change that—at least in the U.S., as is competitor Robinhood.

Paypal CEO Dan Schulman told Decrypt in March that crypto could eventually form part of a “super app” that would cover shopping, financial services, and identification” Decrypt

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto News

Ethereum Rock JPEG Sells for $600k

“The price for the cheapest available EtherRocks has jumped by 900% in just two weeks.

In brief

  • EtherRocks consists of rock JPEGs that have no function other than being traded.
  • TRON CEO Justin Sun claims to have bought one for half a million dollars this morning.
  • The cheapest rock available for sale is now $1 million.”

$608,000 for a picture of a rock might sound too wild to be real. But today, one crude illustration from NFT project EtherRocks sold for just that.

Now sellers want even more for the flashy JPEGs. The cheapest pet rock sells for $1 million. Just yesterday, the cheapest rock was priced at $305,000, and only two weeks ago, one sold for $100,000.

The buyer of yesterday’s cheapest rock could have made $400,000 if they sold at today’s market rate.

The rocks are NFTs, or non-fungible tokens: blockchain-based tokens that demonstrate ownership over digital items, such as images or video files, or physical assets.

There are 100 EtherRocks, each created in 2017—ancient for an NFT project. The illustrations come from a royalty-free clip art database and were inspired by the Pet Rock toy craze of the 1970s.” Decrypt

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

Bitcoin Unrealised Profit and Loss Chart

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

The NFT stack: the applications and infrastructure that power the non-fungible economy

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Crypto News

OpenSea Sees $1 Billion in Trading Volume in August

“Trading volume exceeded $1 billion.

Major non-fungible token (NFT) peer-to-peer marketplace OpenSea, has recorded a massive milestone, as its trading volume hit the $1 billion mark in August.

OpenSea’s Trading Volume Achieves Billion-Dollar Milestone

Tweeting on Tuesday (August 17th, 2021), OpenSea co-founder and CEO Devin Finzer announced the platform’s record trading volume. Earlier in August, the platform’s transaction volume saw a massive $95 million in 48 hours, which exceeded the entire volume registered in 2020.

Photo by ArtHouse Studio on Pexels.com

According to data from DappRadar, OpenSea has processed over 385,500 ETH worth $1.2 billion in trading volume in the last 30 days. This figure signals an astronomical increase of 932.68%.

Indeed, the $1 billion mark recorded on OpenSea is an indication of the growing use and adoption of NFTs. Celebrities, artists, sports clubs, musicians, among others continue to tap into the nascent industry by launching their various digital arts.ADVERTISEMENT

As reported by CryptoPotato earlier in August, New York-based American entertainment giant Marvel Entertainment unveiled the first set of NFTs of one of its comic superheroes, Spiderman, which sold out in under 24 hours. The company later launched the Captain America digital collection series.

Back in July, New York Knicks, an American professional basketball team partnered with enterprise NFT solution Sweet to launch five limited editions of 3D NFT Knicks tickets. The sector has also penetrated the government landscape, as Isreal’s new President received a digitalized copy of the original oath signed by the President’s father.” Cryptopotato

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

Top 50 Crypto Performance over the last year

Top 50 Crypto Performance over the last year Blockchaincenter

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

Microsoft wants to use Ethereum blockchain to fight piracy

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“The major software developer’s new plan to combat piracy relies on the transparency of blockchain technology.

Windows operating system and Office productivity suite have always been top performers on any software piracy platforms. So, it’s no wonder that Microsoft, the developer of both products, works hard to establish anti-piracy measures. 

In a new paper released by Microsoft’s research department, with the participation of researchers from Alibaba and Carnegie Mellon University, the Redmond-based software giant studied a blockchain-based incentive system to bolster anti-piracy campaigns. 

As the title of the research, “Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns,” suggests, Microsoft’s new system relies on the transparency aspect of blockchain technology. Built on the Ethereum blockchain, Argus aims to provide a trustless incentive mechanism while protecting data collected from the open anonymous population of piracy reporters.

“We see this as a distributed system problem,” the paper stated, “In the implementation, we overcome a set of unavoidable obstacles to ensure security despite full transparency.”

Argus enables backtracing of pirated content to the source with a corresponding watermark algorithm, which is detailed in the paper. Also named “proof of leakage,” each report of leaked content involves an information-hiding procedure. This way, no one but the informer can report the same watermarked copy without actually owning it. 

The system also has incentive-reducing safeguards to prevent an informer from reporting the same leaked content over and over under different aliases. “With the security and practicality of Argus, we hope real-world antipiracy campaigns will be truly effective by shifting to a fully transparent incentive mechanism,” the report stated.

Detailing the issue of Ethereum network fees, the paper explained that the team optimized several cryptographic operations “so that the cost for piracy reporting is reduced to an equivalent cost of sending about 14 ETH-transfer transactions to run on the public Ethereum network, which would otherwise correspond to thousands of transactions.” Cointelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto News

President Of Argentina Talks About Adopting Cryptocurrencies

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Alberto Fernández, the President of Argentina, has revealed his views on cryptocurrency in a recent interview. Fernández was outspoken about the fact that cryptocurrencies have the potential to address inflationary issues, however he also admitted that there are elements that are still unknown to him.

During the Argentine President’s first YouTube interview, President Fernández spoke about the potential of cryptocurrency in Argentina, noting that there is a huge discussion around cryptocurrency, not just in Argentina but on a global scale. He added that in his case, it is still an unknown subject, comparing it to the early days on YouTube, where twenty years ago no-one knew what it was. 

“The conversation about the operation of cryptocurrencies is a global one. And I must confess that it is a matter that needs to be treated with care. In my case, [it is somewhat] unknown. But there’s no denying it, perhaps it’s a good way.”

President Fernández touched upon the advantages of cryptocurrencies, but was tentative when it came to confirming Argentina’s commitment to exploring digital currencies:

“Everything is possible. Some say that the advantage of this is that the inflationary effect is nullified in a big way. It is also true that it will bring insecurity because some big scams have been verified to be done using cryptocurrencies. It iis a difficult subject to touch”.

While Fernández did not expound on the matter of cryptocurrencies, he did mention the fact that the country would not say no to the use of cryptocurrencies, and that Argentina was planning to regulate crypto in line with fintech-related laws.

Despite the hesitance of their president, Argentine nationals are not holding back when it comes to investing in crypto. Argentina’s economy makes for the perfect setting for crypto investment, nationals are tired of decades of economic turmoil, and a devaluing peso. Bitcoin mining companies have seen huge growth in Argentina, and retail investment has seen a boom in the nation, with a number of exchanges reporting a tenfold growth in trading volume.

​​Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Cryptodaily.co.uk

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Crypto Data

Bitcoin’s Energy Use Compared To Other Major Industries

“Let’s have a look at some data on all of the above.

How Much Energy Is Bitcoin Consuming?

For context, at time of writing, the Cambridge Bitcoin Energy Consumption Index (CBECI) estimates Bitcoin’s annual energy use at 79 terawatt hours (TWh)

Figure 17 from that report (page 27), shown below as figure One, demonstrates the typical energy sources for miners around the world.

The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure one: energy sources by region (source: Cambridge Centre For Alternative Finance).

China is now out of the picture, and fresh data from the Bitcoin Mining Council (BMC) (figure two) shows that over two-thirds of the membership, representing almost one-third of the network hash rate, is being powered by low-emissions energy sources, and that global Bitcoin mining is now estimated to receive 56% of its energy needs from sustainable sources (solar, wind, hydro, nuclear, geothermal and other “renewables”).

The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure two: Bitcoin energy mix (source: Bitcoin Mining Council)

To that end, I offer a new global mining profile and carbon intensity figure of 280 grams of CO2 per kWh, using my original methodology presented in this previous article (see section one on energy mix) based on the below assumed generation mix, and 50th percentile IPCC carbon intensity figures (see page 190). The dramatic drop is a result of moving a large proportion of the network from coal to gas, cutting the carbon intensity of Bitcoin by a third.

The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure three: Carbon intensity and energy mix comparative data, CBECI and BMC scenarios

As can be seen, since the Chinese exodus, Bitcoin’s carbon intensity has dropped by a third, from 419 to 280, mainly as a result of shifting away from coal to the much cleaner natural gas. Comparing Bitcoin to global primary energy production shows that Bitcoin is less than half as carbon intense, and when compared to the world’s grid, is over 40% less carbon intense.

So! Now that we know Bitcoin’s carbon intensity is 280 g of CO2 per kWh (or 0.28 megatonnes [Mt] of CO2 per TWh), and that Bitcoin uses 79 TWh per year, we can quickly arrive at an emissions figure of 22.1 Mt CO2 per year.

Bitcoin’s Energy Use Compared To Building And Construction

  • Non-residential buildings: 9,330 TWh
  • Residential buildings: 26,481 TWh
  • Construction: 5,833 TWh
  • Sector total energy use: 40,830 TWh
    • Bitcoin: 79TWh, or 0.19% of the building and construction industry
  • Sector total emissions: 12,735 MtCO2
    • Bitcoin: 22.1 Mt CO2 or 0.18% of the building and construction industry
  • Sector carbon intensity: 330.6 g per kWh (about 20% more intense than Bitcoin)
The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure five: Bitcoin versus buildings — yearly energy use, in TWh

Bitcoin’s Energy Use Compared To The Transportation Industry

Using the above ratios, and a total sector energy use of 118 quad BTU in 2020, or 34,582 TWh, we have the following:

  • Light-duty passenger road vehicles: 15,424 TWh (44.6%)
  • Air transportation: 4,046 TWh (11.7%)
  • Bus: 1,321 TWh (3.8%)
  • Other transportation: 859 TWh (2.5%)
  • Road freight vehicles (heavy vehicles and other trucks): 8,059 TWh (23.3%)
  • Marine shipping: 4,063 TWh (11.7%)
  • Rail: 793 TWh (2.3%)
  • Total energy use: 34,582 TWh
    • Bitcoin: 79 TWh, or 0.23% of the transportation industry
  • Sector carbon intensity: 234 g CO2 per kWh (about 16% less intense than Bitcoin, 50% less intense than the world grid)
The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure eight: Bitcoin versus transportation — yearly energy use, in TWh

It’s not a nice thing to acknowledge, but if you’re charging your Tesla on the U.S. natural-gas-powered grid, or the slightly-greener world average grid, or basically anything other than your own solar roof panels, you’d be doing 50% less damage to the environment by driving an internal combustion vehicle. We just calculated the carbon intensity of fossil-fuel-driven transport to be 234 g CO2 per kWh based on emissions and energy data from the EIA and IEA (I swear to God, they do that with their acronyms on purpose!). Here, the U.S. Environmental Protection Agency (EPA) shows that most petroleum products (including jet fuel, gasoline and diesel) have a carbon intensity of around 65 kg CO2 per mmBTU to 75 kg CO2 per mmBTU, or, about 222 g CO2 per kWh to 256 g CO2 per kWh — which gives us strong validation of our calculated transportation industry figure of 234 g CO2 per kWh.

Revisiting Bitcoin’s Energy Use Compared To Finance, Gold And The Military-Industrial Complex

Gold

As per my previous piece, the breakdown for the gold mining industry, excluding additional refining of gold for industrial use, is as follows:

  • Total energy use: 265 TWh
    • Bitcoin: 79 TWh, or 29.8% of the gold mining and jewelry industries
  • Total Emissions: 145 MtCO2
    • Bitcoin: 22.1 Mt CO2, or 15.2% of the gold mining and jewelry industries
  • Sector carbon intensity: 547 g per kWh (about 95% more intense than Bitcoin)

Finance And Insurance

As per my previous piece, we found that the finance sector emitted 1,368 Mt CO2 per year, using the help of the University of California, Berkeley’s (UCB) CoolClimate Network (CCN) model. While it doesn’t explicitly provide a figure for energy use, it provides a great breakup of where the emissions come from. As shown in figure 10 below, 80% of emissions came from transportation, with 20% going to facilities and procurement. Using the same approach we did with healthcare earlier, we will assume a carbon intensity of 250g CO2 per kWh for travel, and 487g CO2 per kWh (i.e., “the world grid”) for procurement and facilities.

The resulting energy breakdowns are as follows:

  • Transportation: 4,377 TWh (88.6%)
  • Facilities: 309 TWh (6.3%)
  • Procurement: 253 TWh (5.1%)
  • Total energy use: 4,939 TWh
    • Bitcoin: 79 TWh, or 1.6% of the finance and insurance industries
  • Total emissions: 1,368 MtCO2
    • Bitcoin: 22.1 Mt CO2, or 1.6% of the financial and insurance industries
  • Sector carbon intensity: 277 g per kWh (about 1% less intense than Bitcoin)

Military-Industrial Complex

The industrial and manufacturing sectors are far more procurement- and-facilities driven than the financial sector, which is predominantly human- and travel-driven. Transportation accounts for 80% of the financial industry’s energy use. In the manufacturing industry, it is closer to only 25%. Therefore, we have the following:

  • Military fuel/transportation use: 275 Mt CO2, 1,100 TWh
  • Military facilities use: 150 Mt CO2, 308 TWh
  • Military industry fuel/transportation use: 525 Mt CO2, 2,100 TWh
  • Military industry facilities and procurement use: 1,550 Mt CO2, 3,183 TWh
  • Total energy use: 6,691 TWh
    • Bitcoin: 79 TWh, or 1.18% of the military-industrial complex
  • Total emissions: 2,500 MtCO2
    • Bitcoin: 22.1 Mt CO2, or 0.88% of the military-industrial complex
  • Sector carbon intensity: 374 g CO2 per kWh (about 33% more intense than Bitcoin)

Conclusions

As always, the numbers speak for themselves, and I’ll let the below figure tell the story:

The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure 11: Bitcoin versus other industries — yearly energy use, in TWh

The main takeaway should be that Bitcoin is a rounding error in the global scheme of things, and from a carbon-intensity point of view, has significantly less emissions per kilowatt than finance, construction, healthcare, industry or the military, and will only improve further in time. My prediction still stands: Bitcoin’s carbon intensity will go from 280 g CO2 per kWh today, to around 100 g in 2026, and zero by 2031, and maybe, finally, we’ll be done with this debate.”

This is a guest post by Hass McCook. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine

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Crypto Data

TOP Altcoin Picks 2021 Q3: SOLID Potential!! 💯

TOP Altcoin Picks 2021 Q3: SOLID Potential!! 💯

~~~~~ ⛓Pick 1⛓ My first crypto pick for the rest of 2021 is Ethereum, and ETH is a big part of my personal cryptocurrency portfolio 👨‍💻Pick 2👨‍💻 My second crypto pick for the rest of 2021 is Cardano, and ADA is also part of my personal cryptocurrency portfolio ☀Pick 3☀ My third crypto pick for the rest of 2021 is Solana, and SOL is a more recent addition to my personal cryptocurrency portfolio 📐Pick 4📐 My fourth crypto pick for the rest of 2021 is Polygon, and MATIC is one of the few cryptocurrencies that I regret not buying sooner Better late than never though, and that’s why I will be adding MATIC to my personal cryptocurrency portfolio 💱Pick 5💱 My fifth and final crypto pick for the rest of 2021 is Terra, and though I’m not currently planning on picking up any LUNA, I am seriously considering it 🕵️‍♂️Previous Pick Update: Monero🕵️‍♂️ Back then, XMR was around 130 dollars, and it reached a high of around 480 dollars in mid-May this year. That’s roughly a 3.5x, which is good, but not great 👨‍🏫Previous Pick Update: Algorand👨‍🏫 Back then, ALGO was around 30 dollars, and it reached a high of around a dollar 70 in early February. That’s roughly a 5.5x, which is better, but still far behind what other cryptos gained during that time 📺Previous Pick Update: Theta📺 Back then, Theta was around 70 cents, and hit an all time of over 14 dollars in mid-April this year. That’s a clean 20x move 📊Previous Pick Update: Injective Protocol📊 Back then, INJ was around 2 dollars, and it hit an all time high of over 24 dollars in mid-April this year. That’s a solid 12x move 🧱Previous Pick Update: BarnBridge🧱 BarnBridge is backed by DeFi giants like Aave and Synthetix, and it’s suite of DeFi services have seen hundred of millions of dollars in total value locked since its launch. ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Coin Bureau

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BITCOIN TOP IN 6 MONTHS (BIG PREDICTION)! ALTCOIN SEASON IS HERE?

BITCOIN TOP IN 6 MONTHS (BIG PREDICTION)! ALTCOIN SEASON IS HERE? ETHEREUM PRICE PREDICTION! TA expert, Carl The Moon, joins us to talk bitcoin predictions, ethereum predictions, and what to expect in cryptocurrency this cycle! SLAP THE LIKE BUTTON! 👋 Altcoin Daily

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Crypto News News

The $600M PolyNetwork Hack: What Exactly Happened?

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“PolyNetwork was exploited in maybe the biggest hack in the short history of DeFi. Let’s have a closer look at how it actually happened, and what investors should verify before investing in DeFi projects and protocols.

PolyNetwork, an interoperability protocol enabling atomic-cross chain transactions between multiple major blockchains, was just exploited to steal $600 million worth of investor’s crypto on Polygon, Binance Smart chain, and Ethereum. “

“What Exactly Happened?

As reported by CryptoPotato earlier today, PolyNetwork announced that they had been attacked at 8:38 am EST. They immediately listed the addresses to which the anonymous hacker had transferred their funds on the ETH, BSC, and Polygon networks, and called upon miners of the affected exchanges to blacklist them.

The ETH, BSC, and Polygon addresses involved show volumes of $266.5M, $252M, and $85M worth of crypto assets, respectively.

These include WBTC, WETH, RenBTC, DAI, UNI, SHIB, and FEI. This totals to over $600M worth of crypto having been stolen, easily making this the largest DeFi hack to date.

In dollar value terms, this DeFi hack is comparable to the Mt. Gox and BitFinex exchange hacks, which resulted in $500M and $750M of stolen funds at the time of the hacks.

It was soon discovered that the hacker’s initial source of funds was Monero (XMR), a privacy-based coin, which he then converted to ETH, BNB, and MATIC in the exchange.

CEO of crypto exchange OKEx, Jay Hao, has reassured victims that he is addressing the situation:

“@OKEx  is already on the case. We’re watching the flow of coins, and will do our best to manage the situation. Our wallet team will get in touch if we need more information.”

“Analysis shows that the nature of the hack was a traditional compromising of user’s private keys, which was made easier due to Smart Contract design decisions by PolyNetwork.

An involved smart contract belonging to the company used a single keeper wallet, which allowed the hacker to sign off on a contract transferring all funds to his address, after obtaining the relevant private key, which may have been done through various methods. PolyNetwork has also not verified their smart contracts using Etherscan.” Cryptopotato

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Crypto News

This Week in Crypto: US Bill, ETH Upgrade, SEC & More!!

This Week in Crypto: US Bill, ETH Upgrade, SEC & More!! Coin Bureau

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Crypto Data

A First Look at Post-EIP 1559 Ethereum

“At block 1,265,000, Ethereum pushed its London upgrade with the long-awaited EIP 1559. The upgrade went off without a hitch and had thousands tuning in to watch parties celebrating the occasion.

In this article we look at data from the blockchain in its first 2 days after London. Key highlights include:

  • Burnt Fees
  • Gas Prices
  • ETH Inflation
  • EIP 1559 Transactions

Burnt Fees

The key metric in most people’s minds. In the first 2 days post-London, Ethereum has already burnt close to 9,200 ETH, approximately 0.01% of total supply. It has burnt ETH at a rate of 3.19 ETH per minute.

The 10 largest blocks burning ETH at the time of writing were all mined shortly after the upgrade. Continuing a trend prevalent throughout the last month, these congested blocks were caused by yet another NFT airdrop.

COVIDPunks the guilty part this time.

Gas guzzlers are contracts that consume the most gas due to their users’ interactions. After the London upgrade, they are also the largest burners of ETH. The top 10 entities to guzzle gas have burnt more than 4,500 ETH in the first 2 days since London.

Chart based on the entities making up the top 25 gas guzzler addresses.

Breaking these addresses down by type, we see that NFTs lead the way, followed closely by decentralized exchanges (DEX). These addresses make up more than 2/3 of top gas guzzlers burning ETH.

Providing an indication of a rollup/sidechain-centric future of Ethereum were the two bridge contracts of Polygon’s POS chain and Axie Infinity’s Ronin chain.

Conversely, gas spenders are entities that have spent and burnt the most gas. By far the leading ones are Binance and Coinbase. In total, the top 10 spenders have burnt close to 600 ETH in London’s first 2 days.

Looking at gas spenders by type, centralized exchanges dominate the pie, making up almost 90% of the top 25 addresses. Mining pools Spark Pool and Ethermine burnt a fair amount of ETH distributing mining profits to their miners, as they are now unable to do so by spending negligible gas prices.

Gas Prices

EIP 1559 changed the transaction mechanism in Ethereum from a first price auction to relying on a protocol base fee + user-selected priority fee. Etherscan users may have noticed this additional information displayed on the site.

ETH Inflation

Another popular misconception is that EIP 1559 necessarily results in a deflationary supply of ETH. Without the deployment of Proof of Stake (POS) and a subsequent drop in block rewards, Ethereum will overall remain inflationary. However, short periods with high base fees will result in a temporary deflation in ETH.

EIP 1559 Transactions

As most wallet providers have not switched to using EIP 1559-style transactions, they have made up less than 10% of transactions so far. A full analysis of EIP 1559 will likely be possible only after a majority of transactions have flipped from Legacy to EIP 1559.

COVIDPunks (culprit of the spike in base fees) were a primary beneficiary of these savings, experiencing the highest savings per transaction so far while minting new NFTs.”

More on Etherscan Blog

Harith Kamarul

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