Record, Recreate and Resonate: Welcoming Social Platforms into the Blockchain World

Record, Recreate and Resonate: Welcoming Social Platforms into the Blockchain World

fivenewscrypto    novembre 23, 2021   

Social media continues to transform the world of communications and marketing. Platforms within the space currently enjoy some of the greatest popularity they have ever seen.

October 2021 research from Global WebIndex reveals about 57.6% of the globe’s population uses social media, spending about 2 hours and 27 minutes on platforms each day.

Usage spans across generational lines and demographics and unsurprisingly only spiked as COVID-19 lockdowns began to dominate the world. Additional research reveals the typical social media user participates on an average of 6.6 platforms. Some use even more.

Current market leader Facebook, with about 2.89 billion monthly active users, was the first platform to cross one billion registered accounts. YouTube, WhatsApp, Instagram, and Facebook Messenger round out the top five most popular social networks as of October 2021 by the number of active users.

While traditional social media platforms remain popular, a growing number are becoming dissatisfied due to concerns about usability, security, and privacy. Centralized servers mean social media companies maintain complete control over data, often selling information to outside entities for marketing and advertising purposes. Centralization also opens up the prospects of hacks exposing critical data and concerns about losing information entirely if there is a system failure.

Unsurprisingly, these critical issues have left many wondering how blockchain technology could revolutionize the social media industry, especially as relationships between creators and audiences shift towards ones that are less reliant on advertising and more about accountability.

As social media becomes more hyper-focused and fragmented, many speculate niche platforms focusing on specific components could prove to be popular for users interested in more tailored content.

Social Media Looks Ripe For Innovation Within The Blockchain Space

Decentralized social networks like BitClout, essentially similar to Twitter, allow users to connect with others across the world and buy ‘Creator Coins’ for creators and influencers. BitClout users can use coins to bet on the future perceived value of the creator who in return can share special, Creator Coin holder exclusive content.

Many using traditional social media have lamented losing posts and content as centralization means a project team member can edit or delete information on their own accord.

Blockchain-based social media platforms like LoveChain solve this issue by providing users an immutable platform to celebrate and share their love for friends, family, hobbies, and pets.

Founded in Sydney Australia, the LoveChain blockchain-based ecosystem includes the social networking platform, integrated third-party apps, content creators, and an online store. LoveChain social networking users interact on a virtual version of lovelocks found across the world.

LoveChain stands alone in the social media world for being the first platform that allows users to create NFTs from the content they create. Users can then keep, share, or sell their NFTs within the LoveChain marketplace.

Each user profile is assigned a cryptographically generated code number that symbolizes the unique relationship between them and the platform. Love-focused subgroups allow participants to create themes and interact with others in these spaces.

LoveChain Provides A Unique And Lucrative Social Media Experience

The entire ecosystem is powered by the $LOV token, subject to a quarterly swap for merchant goods and services. LoveChain also features the LOVR rewards token that users can collect through platform interaction like content creation, building a follower base, obtaining likes, and sharing posts and data.

LoveChain is the first social media platform rewarding content creators with tokens built into an integrated wallet. LOVR tokens can be used to collect discounts and other benefits with platform merchant partners.

Social media fans turning to LoveChain will find a feature-rich platform with an attractive user experience. Users can change the sequence of their posts on feeds to achieve the best engagement, all while uploading a wide range of media and content.

Any media can be permanently saved to the blockchain to create a keepsake, but users also maintain full control over how their data is shared and used. Customization and personalization tools allow for unique profile styling as part of the overall user experience.

Blockchain-based social media platforms like LoveChain maintain a range of advantages and benefits over their traditional counterparts.

Decentralization helps mitigate unethical data usage, promotes freedom of expression, and the inclusion of cryptocurrency (especially within platform wallets) enhances the rewards and payment process. Overall, the marriage of social media and blockchain technology only looks set to continue as technological development continues to advance.

 

Telos launches its very own EVM and combat Front Running in Crypto Market

Telos launches its very own EVM and combat Front Running in Crypto Market

fivenewscrypto    novembre 23, 2021   

When the news of Ethereum 2.0 broke out, many people were beyond excited. The issue of transaction scalability and sustainability was going to be fixed. However, even Ethereum 2.0 left an essential problem out that crypto investors are still facing, an important problem known as FRONT RUNNING.  This problem resulted in the loss of thousands of dollars, and it is still causing the loss of more. Imagine the joy on people’s faces when Telos, a popular third-generation blockchain, announced their new EVM that claims to solve this problem and many more. Yes. Just what you thought. Hope at last! But before we get a little too delighted, let’s get a clear picture of how Telos will solve this problem and outperform other systems.

Telos EVM was created to solve problems faced by other EVMs. Each part of Telos EVM seems to fix different problems common in other networks. Telos EVM works just like Ethereum, but it’s different from the original EVM. The platform was built to host a large number of programs from other networks without having to modify anything.

Even though Front running is very common in the crypto world today, and it’s why many people lose millions of dollars, not many people know about it. That’s because it happens without them even knowing. Front running happens when bots or miners with insider knowledge about pending trades make a profit off it. The involved individual can skip lines, complete transactions, and then take the difference between his buy and sell price as profit. Only the attacker makes a profit off this. Users don’t benefit.  Telos solve this problem by having a fixed transaction fee and also a strict anti-frontrunning rule. This will enable users to curb any possibility of being exploited.

Another area where Telos is setting the pace is the transaction fee. Not many platforms can boast of low transaction fees. Native Telos has no fee at all, and Telos EVM based on a very similar model to the original Ethereum has a gas model but only costs $0.01.  Telos EVM will save people hundreds if not thousands of dollars since Ethereum gas fees are considered relatively high. With this, Telos not only outperforms its competitors like Cardano, Polkadot, and the likes, it also beats the original Ethereum hands down.

The time it takes to mine one block usually varies based on the chain and some variables. Ethereum, the king of decentralized apps, takes about 10 to 15 seconds to mine one block.  Other competitors such as Binance smart chain and Cardano can still boast of faster transactions, but nothing comes close to Telos EVM. Telos EVM has one of the fastest block mining times. The time it takes for Telos to mine one block is less than 500ms.  This transaction speed has further increased the gap between it and its competitors. This fantastic block time speed means it can handle 10,000 transactions per second.

Telos is tagged as the greenest blockchain because of how low its energy consumption levels are. Asides from that, Telos can also offer a home to several Dapps on its network. Telos is compatible with Vyper, EOSIO C++, and Solidity, thereby offering a new experience for migrating users. The rate of Telos EVM with other apps is 95% which makes migrating to it easier than ever.

The first project on the network will be a replica of Cryptopunks, a popular NFT project. The creator would be The Big Gooey an upcoming NFT artist. This project is the first ERC_721 NFT that will be hosted on dStor. You can check it out on Telos official website.

They recently announced their partnerships with SushiSwap and Anyswap. So now the users on both platforms can take the advantage of Telos EVM’s scalability, speed and security while trading their crypto assets.

Underdog Coins To Eye In 2022

Underdog Coins To Eye In 2022

fivenewscrypto    novembre 23, 2021   

Here are some underdog coins that could stay a bit under the radar until next year as the DeFi and NFT markets are in the spotlight this year. There are several noteworthy projects in these areas expected to gain traction in 2022, so it’s worth following them. We can also expect several new projects to emerge on the scene and shake things up.

Here are some coins to watch headed into 2022.

The 3 Altcoins Ready For 2022 Solana (SOL)

One of the strongest altcoins in 2021 that went silent recently but can be expected to have steady growth in 2022 is Solana. It is built on a proof-of-history (PoH) consensus mechanism which allows the network to be more energy-efficient relative to many competitors. While many standard blockchains rely on a sequential production of blocks that require confirmation across the network, PoH allows validators to compute the state of the network from the ledger itself. The Solana protocol can depend on its own internal clock and sustain a throughput of more than 50,000 transactions per second.

An under the radar coin that has started gain attention this year, this coin has seen an astronomical rise in the past few months. This could come from the several prominent dApps operating on the Solana network in the fields of DeFi, e-commerce, non-fungible tokens (NFTs), and gaming.  Solana has a market cap of $65 billion with average volumes of over $1 billion every 24 hours. It is in the top 10 currencies according to the daily volume. So while Solana might not be multibagger looking towards early next year, it offers hot sectors a product with substantial utility.

Look out for Solana to continue its massive gain as it ends the year with a bang.

Sol latest price action via trading view.com | SOL/USDT on TradingView.com

Related Reading \ Refinable Launches Gaming Initiative and Sets Aside $150,000 to Support NFT Gaming

Waves (WAVES)

Waves is a platform that can be used to build dApps, smart contracts, and new tokens. It utilizes a proof-of-stake (PoS) consensus WavesNG and the network’s native token, WAVES. The token is used as a reward and incentive for mining, payments, and voting. Since it’s an ERC-20 token, WAVES also makes Waves interoperable with the Ethereum network. Considerable projects are built on the platform, including a cross-chain network Gravity, DeFi platform Neutrino, and crypto exchange Waves DEX.

With a market cap of over $2.3 billion, WAVES token is strongly placed in the top-100 of crypto coins.

Terra (LUNA)

Our third project on the list is a respected and recognized coin by the name of LUNA. This base-layer protocol uses stablecoins pegged to the popular fiat rates, mot notably TerraUSD. LUNA acts as a reserved asset and helps to maintain the price of these stablecoins. In October, Terra underwent a Columbus-5 upgrade which enabled Inter-Blockchain Communication (IBC) standard to let users easily transfer LUNA, TerraUSD, and other assets from Terra, and making it interoperable with other networks. Immediately after this update, the price of LUNA token reached a record high of $49.43. The next month, a current all time high followed at $54.77.

We can never tell what will happen with these coins we can only be hopefully and see what is in front of us.

 

IMF Report On El Salvador Is Positive… Except For Everything Bitcoin-Related

IMF Report On El Salvador Is Positive… Except For Everything Bitcoin-Related

fivenewscrypto    novembre 22, 2021   

In a recent report, the IMF praises the way El Salvador handled the COVID-19 situation and announces their economy grew 10% in 2021. The International Monetary Fund also recognizes El Salvador’s government efforts to reduce crime, “diversify the energy matrix, foster economic diversification, and enhance financial inclusion.” However, when it comes to Bitcoin, the IMF is completely against it. As they should. Because Bitcoin renders them irrelevant.

But first, about the report titled “El Salvador: Staff Concluding Statement of the 2021 Article IV Mission”

“A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement.”

Anyway, let’s go to the IMF’s wacky opinions about Bitcoin.

BTC price chart for 11/23/2021 on Oanda | Source: BTC/USD on TradingView.com What Does The IMF Think About Bitcoin As Legal Tender?

After praising El Salvador’s efforts to foster “financial inclusion and raise growth,” the IMF attacks the very tool that the country’s government is using to accomplish that.

“Given Bitcoin’s high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability. Its use also gives rise to fiscal contingent liabilities. Because of those risks, Bitcoin should not be used as a legal tender. Staff recommends narrowing the scope of the Bitcoin law and urges strengthening the regulation and supervision of the new payment ecosystem.”

Translation: The IMF can’t even think of one good reason for Bitcoin not to be legal tender. One Bitcoin is one Bitcoin. The cryptocurrency’s volatility is intrinsically related to the assets we compare it with. In this case, the US Dollar. It’s also important to remember that Bitcoin is legal tender in El Salvador ALONGSIDE the US Dollar. If people don’t want volatility, they can easily exchange all of their money into US Dollars. 

The IMF also conveniently ignores the fact that Bitcoin’s volatility can bring positive results for its users. And that their other option, the US Dollar, is going through an inflationary period like no other. Plus, when the US government prints more money, its citizens get certain benefits out of it. But El Salvador doesn’t. A Dollarized country that’s not in control of the money printer gets its purchasing power decreased by relentless inflation, but doesn’t get the airdrops and inorganic money artificially stimulating the economy.

Does The IMF Have Any Other Advice?

Of course, they do. After praising financial inclusion, the IMF recommends implementing the exact same measures that keep 70% of El Salvador’s population out of the financial system.

“Stronger regulation and oversight of the new payment ecosystem should be immediately implemented for consumer protection, anti-money laundering and counter financing of terrorism (AML/CFT), and risk management.”

Why are people in El Salvador unbanked? Do they think it’s by choice? Is the IMF unaware that their outdated and inefficient methods are causing the bottleneck? Bad actors have incentives to bypass AML and KYC procedures. They do it with ease. Normal people can’t produce all those documents. And for banks, the cost of processing all that data makes acquiring a new client expensive. There are no incentives to serve the lower-income population.

“Recently announced plans to use the proceeds of new sovereign bond issuances to invest in Bitcoin, and the implications of trading more broadly in Bitcoin, will require a very careful analysis of implications for, and potential risks to, financial stability.”

Translation: What’s all this about a Bitcoin City?!!!!! And they’re building a pet hospital?! ALERT! ALERT!

The US Pauses Relations With El Salvador

In semi-related news, Reuters informs that U.S. Chargé d’Affaires Jean Manes said in local TV that relationships between the two countries are on hold. “Obviously we’re on a bit of a pause because the government of El Salvador is not giving a signal that it has an interest in our relationship,” she said. “On behalf of the White House, the State Department, we’ve offered a bridge, and the (Salvadoran) government decided not to take it. As far as we’re concerned, we’re interested in having the best relationship with El Salvador.”

Sure, Manes. That sounds totally believable. Nothing suspicious here.

Featured Image: AbsolutVision on Pixabay | Charts by TradingView

Earn Passive Income on Crypto Assets with BNBMatrix

Earn Passive Income on Crypto Assets with BNBMatrix

fivenewscrypto    novembre 22, 2021   

Decentralized finance technology allows you to raise revenue on the blockchain. So, no regulations and hassle of dealing with banks, brokerages, etc. Instead, the decentralized finance (DeFi) ecosystem entirely depends on blockchain smart contract dapps where you can directly deposit, withdraw and earn profits through yield farming without the involvement of a third party.

Yield farming is a great way to earn passive income through crypto-assets. You lend or stake crypto to earn interest. As yield farming is a top crypto investment trend in 2021, the number of decentralized applications (dapps) is also increasing. These dapps run on a blockchain or peer-to-peer network. If you want to invest in cryptocurrencies, it is time to find a reliable and safe dapp on the Binance Smart Chain (BSC).

Let’s introduce one of the best yield farming smart contracts that will revolutionize the DeFi space, i.e., BNBMatrix.

BNBMatrix – A Safe Dapp for Yield Farming

BNBMatrix.io is a smart contract-based BNB yield farming dapp on BSC that claims to give high returns of 119% to 234%. BNBMatrix promises a stable and high yield on your investment which can be as low as 0.01 BNB.

Features of BNBMatrix

Here are the key features of BNBMatrix:

1. High-Profit Margins 

BNBMatrix yield farming earns depositors daily rewards ranging from 7.8% to 17% (depending upon the deposit period of 7 to 30 days). Thus, the total ROI is 119% to 234%. For example, if you lock your BNB for 30 days, you get a 7.8% ROI. This makes BNBMatrix, the highest ROI yield farming dapps on BSC.

2. User-friendly 

BNBMatrix offers a simple, clean, and uncluttered user interface which makes it easy to use this dapp.

3. Quick Deposit and Withdrawals

BNBMatrix has quick deposit and withdrawal processing. Users have to connect their decentralized wallet either by scanning the QR code or directly logging on to the desktop. BNBMatrix supports 4 different BNB wallets on desktop browsers and 64 wallets on mobile browsers – including Ledger Live, Infinity Wallet, Encrypted Ink, and Wallet 3.

4. Safe and Secure 

BNBMatrix is 100% safe. The platform has been audited by Haze Crypto and is declared secure for BNB yield farming in the BSC network. The audit concluded that BNBMatrix has no backdoors, vulnerabilities, or scam scripts.

5. 24/7 Customer Support

24/7customer service is available to assist users via Telegram and other social media channels.

6. Referral Program

BNBMatrix has a referral program for users. After investing, users will receive a referral link to share with friends. BNBMatrix pays an 11.5% referral commission over 5 levels

• Level 1: 5%
• Level 2: 3%
• Level 3: 2%
• Level 4: 1%
• Level 5: 0.5%

1. Reputation

Even though BNBMatrix is still relatively new, it has already made a name for itself. In just the first fifteen days, it attracted deposits of more than 2000 BNB. Moreover, in fifteen days, BNBMatrix already has more than 9000 BNB deposits!

Conclusion

The conception of cryptocurrency led to the development of innovative DeFi services – the most recent and popular being Yield Farming. Despite the recent dip in Bitcoin, yield farming has been the fastest growing crypto investment trend in 2021. Crypto enthusiasts have been inspired to experiment with alternative cryptocurrencies such as Ethereum, Litecoin, and Binance Coin (BNB). Thus, more and more people want to invest in BNB yield farming and, BNBMatrix.io is one of the promising options to do so.

 

Image: Pixabay

TA: Ethereum Could Avoid a Major Drop if it Closes Above One Key Level

TA: Ethereum Could Avoid a Major Drop if it Closes Above One Key Level

fivenewscrypto    novembre 22, 2021   

Ethereum reacted to the downside and retested $4,050 against the US Dollar. ETH must recover above $4,250 and $4,300 to start a steady recovery wave.

• Ethereum started a fresh decline from the $4,350 resistance zone.
• The price is now trading below $4,250 and the 100 hourly simple moving average.
• There is a key bearish trend line forming with resistance near $4,210 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could extend losses if it fails to stay above the $4,050 support zone.

Ethereum Price Is Facing Hurdles

Ethereum attempted a recovery wave above the $4,300 resistance zone, similar to bitcoin. However, ETH price failed to extend gains above the $4,350 level.

A high was formed near $4,320 and the price started a fresh decline. There was a break below the $4,250 support zone. The decline gained pace below the $4,200 level and the 100 hourly simple moving average. A low was formed near $4,026 and the price is now correcting losses.

Ether price is back above $4,100 and $4,120 levels. It is now trading near the 50% Fib retracement level of the recent decline from the $4,321 swing high to $4,026 low.

An initial resistance on the upside is near the $4,200 level. It is close to the 61.8% Fib retracement level of the recent decline from the $4,321 swing high to $4,026 low. The first major resistance is near the $4,250 level and the 100 hourly simple moving average.

Source: ETHUSD on TradingView.com

A close above the $4,200 and $4,250 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,350 level. Any more gains could lift the price towards the next key hurdle at $4,500.

More Losses in ETH?

If ethereum fails to start a fresh increase above the $4,250 level, it could extend losses. An initial support on the downside is near the $4,120 level.

The first key support is now forming near the $4,050 level. A downside break below the $4,050 support might push the price further lower. The next key support is near $4,000, below which there is a risk of heavy losses in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now near the 50 level.

Major Support Level – $4,050

Major Resistance Level – $4,250

TA: Bitcoin Holds Key Support, Why BTC Remains At Risk of Sharp Decline

TA: Bitcoin Holds Key Support, Why BTC Remains At Risk of Sharp Decline

fivenewscrypto    novembre 22, 2021   

Bitcoin retested the $55,500 support zone against the US Dollar. BTC is recovering, but it could face a strong selling interest near $57,500 in the near term.

• Bitcoin settled below the key $58,000 and $57,500 resistance levels.
• The price is now trading below $57,500 and the 100 hourly simple moving average.
• There is a major bearish trend line forming with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair is recovering, but upsides might be limited above the $57,500 resistance zone.

Bitcoin Price Remains At Risk

Bitcoin price started a fresh decline from the $59,500 zone. BTC gained pace below the $58,500 and $57,500 support levels to enter a bearish zone.

The decline gained pace below the $56,500 level and the price retested the $55,500 support zone. A low is formed near $55,633 and the price is now correcting losses. There was a break above the $56,500 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $59,411 swing high $55,633 low.

However, bitcoin price is now trading below $57,500 and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance near $58,000 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com

An immediate support is near the $56,500 level. The first major support is now forming near the $55,500 level. A downside break below the $55,500 level could spark more losses. In the stated case, the price might decline towards the $55,000 level. Any more losses may perhaps lead the price towards the $52,000 support zone in the near term.

Upside Capped In BTC?

If bitcoin stays above the $56,500 support, it could attempt a fresh recovery wave. On the upside, an initial resistance is near the $57,200 level. The first key resistance is near the $57,500 level.

It is near the 50% Fib retracement level of the downward move from the $59,411 swing high $55,633 low. The next major resistance sits near the $58,000 level and the 100 hourly simple moving average, above which the price might rise towards the $60,000 level.

Technical indicators:

Hourly MACD – The MACD is slowly moving into the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is still below the 50 level.

Major Support Levels – $56,500, followed by $55,500.

Major Resistance Levels – $57,500, $58,000 and $60,000.

Australian Senator Says DeFi Is Here To Stay, And Australia Must Not Be Left Behind

Australian Senator Says DeFi Is Here To Stay, And Australia Must Not Be Left Behind

fivenewscrypto    novembre 22, 2021   

Jane Hume, an Australian politician, spoke about Decentralized Finance (DeFi) on Monday at the Australian Financial Review Super & Wealth Summit in Sydney.

In her speech, she referenced the Reserve Bank of Australia (RBA) calling crypto a fad. And she emphasized that it most certainly is not. She further urged policymakers to cautiously embrace blockchain technology like DeFi rather than act fearfully – because it is not going away anytime soon.

Related Reading | Crypto Is Set To Dominate Australian Financial Industry In Less Than 10 Years

The Liberal Party Senator explained that DeFi would present incredible opportunities. And Australia must miss out on these opportunities for fear of the unknown.

DeFi Is Not Going Away

The Senator’s speech comes just days after Tony Richards, the Reserve Bank of Australia’s outgoing head of payments policy, called crypto a fad. In a speech last week, he predicted a future with people being less influenced by these digital currencies with “no issuer, no backing, and highly uncertain value.” Instead, they would lean toward currencies that regulated bodies issue.

Senator Hume, however, called DeFi is an emerging and rapidly evolving area of financial technology with many opportunities. She said that embracing the blockchain technology will drive the country’s economy forward. And also cement Australia as a frontrunner for innovation and economic progress.

While making her point about how crypto is here to stay, she referenced a recent report on financial technology. This report estimated that about 17% of Australians are investing in cryptocurrency. Richards, however, found the estimate unlikely, saying online surveys were not accurate. Hume also mentioned the Commonwealth Bank’s move to allow its customers to hold cryptocurrencies. This move makes it the first Australian bank and one of a few worldwide to offer customers this service.

DeFi market cap at $164.8B | Source: Crypto Total DeFi Market Cap on TradingView.com

Finally, she offered her perspective on the issue. According to her, historically, innovation begins as disruption before it is generally accepted.

“Don’t be the person who thought the iPhone would never take off because people would prefer to have their music and telephone on separate devices,” she said. ”Don’t be the person in 1995 who said the internet was just a place for geeks and criminals and would never become mainstream. And don’t be the person who argued that email was a passing fad.”

Australian Regulators On Crypto

Other Australian Senators like Andrew Bragg have also been pushing for crypto regulations. He opined that this would bring credibility and validity to the blockchain sector.

Related Reading | Top Australian Baseball Club To Pay Players In Bitcoin

Matt Comyn, CEO of the Commonwealth Bank of Australia, talked about the risks of not participating in crypto. Last week, he explained that cryptocurrencies are very volatile and speculative. And that banks need to be involved.

Comyn also said that crypto is here to stay, given customers’ demand to trade crypto. Earlier this month, the bank announced a partnership with crypto exchange Gemini to offer crypto services to its customers.

Featured image by Australian Broadcasting Corporation, Chart from TradingView.com

DAO To Make Jodorowsky’s Dune Manuscript Public: Member Won $3M Bid

DAO To Make Jodorowsky’s Dune Manuscript Public: Member Won $3M Bid

fivenewscrypto    novembre 22, 2021   

Following Constitution DAO’s lead, a group called Dune DAO went for a copy of the mythological Frank Herbert and Alejandro Jodorowsky’s Dune manuscript, wanted by many and seen by few. A plot almost as interesting as the saga took over Christie’s auction, where the DAO won the final bid, but with a twist.

Just a few days after ConstitutionDAO made history crowd-raising over $46M in an attempt to buy a rare printing of the U.S. constitutions, other groups are following their steps to purchase valuable objects in hopes to make them accessible to the public.

This time, DuneDAO aimed to bid for a copy of Alejandro Jodorowsky’s Dune manuscript at a Christie’s auction. They hoped for a total of $500,000 in contributions and actually hit $700,000. Although the final price was way higher, they still managed to secure it.

Christie’s had valued the manuscript’s copy between €25,000 ($28,100) and €35,000 ($39,345), but it sold for over $3 million. They admitted to failing at recognizing the interest that the newest film based on Dune raised, reported The Guardian.

 

Related Reading | Bleeple’s “Human One,” A Sculpture + NFT Hybrid, Sold For $28.9M At Christie’s

The group had stated before the auction:

Dune DAO intends to crowdraise the purchase, and then collectively explore options to digitally preserve the manuscript and make it accessible to the public for the very first time, such as through public viewings and digital lending (to the extent permitted by law).

Since distribution rights are not granted with the purchase, DuneDAO must investigate carefully legal ways to make this copy accessible.

The group used the same platform as ConstitutionDAO, contributions were “handled via JuiceBox”. Each contributor got governance tokens ($SPICE) accordingly to the donated amount. The $SPICE token gives each a vote in the future of the money, the manuscript. It does not mean a fractionalized ownership of it.

Why Dune Dao Wants The $SPICE

In a few words, Jodorowsky did compare the original Herbert’s novel to Proust.

As explained in Frank Pavich’s documentary Jodorowsky’s Dune, this was one of the most ambitious projects in cinematic history, but it never saw light because they lacked $5M to meet the $15M total budget.

Its manuscript, however, records the dreams behind a 15-hour movie-to-be that created a landmark and allegedly inspired many famous movies to follow -like Star Wars, Alien, and Blade Runner.

It features art from a few of the most renowned artists at the time, including Jean “Moebius” Giraud’s storyboard with over 3,000 illustrations, H.R. Giger’s concept art, Chris Foss starships’ designs. Pink Floyd was to contribute to the soundtrack.

Orson Welles was to impersonate “Baron Harkonnen” and Salvador Dalí  “The Emperor”. The list of ambitious ideas keeps going, explaining the reason for not meeting the budget, but also what makes fans call “the Dune Bible” a mythical sci-fi object.

What Went Down At The Auction

Based on the price previously valued by Christie’s, DuneDAO thought they would secure the auction raising over $750k. However, as the price went higher, a core member gave the rest of the money himself, roughly $2.3M.

Reportedly, only three years ago another copy sold for around $42,500. Besides Christie’s claims on the unexpected 50x raise, a Twitter user alleged another bidder had “publicly let their top price slip”. The manuscript’s winning bid was $2,4M plus 20% christies auction fee, plus 5.5% VAT, for a total of $3,160,062, the group stated.

“I just want people to experience it,” said the core member who contributed the winning amount. Now, the money is meant to be raised and reimbursed so the DAO can obtain the copy. They are “figuring out how to navigate the maze of legal issues” before paying him back.

DuneDAO has 30 days to settle payment, which they hope will give time to debate and vote on future plans for the physical object. They have now raised their target to $4,200,000, taking into account additional costs for storage, maintenance fees, digitization, and more.

Related Reading | Miramax Sues Quentin Tarantino Over “Pulp Fiction” NFTs. Tarantino Moves Forward

Ethereum trading at $4,036 in the daily chart | ETHUSD on TradingView.com

Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

fivenewscrypto    novembre 22, 2021   

Cardano (ADA) has been experiencing struggling prices since it hit its all-time high above $3 back at the start of September. Since then, it has been on a downward trend and had fallen below $2 for the first time as October drew to a close. Despite some important announcements and strides on the part of the project, the token has not seen much recovery, leading to panic among its holders.

In light of this, founder Charles Hoskinson once again took to YouTube to address those whom he thinks are too overly concerned about price rather than the technology. This will not be the first time that the mathematician has had to address price concerns from the community.

Related Reading | Cardano Founder Says Metaverse Is Important For Crypto

A week ago, Hoskison had also taken to his YouTube channel to address price speculations, mentioning that money was not the purpose of Cardano. Rather the benefit of the blockchain to humanity was the goal.

Hoskinson Calls For Calm

In his YouTube video, the Cardano founder asked the community to calm down when it comes to the price of the digital asset. There have no doubt been sell-offs happening in relation to the cryptocurrency but this is normal for any asset really. Investors will get to a point where they sell off some of their holdings to take gains. The founder asked people who were in a panic over this sell-off to “chill out”.

ADA low momentum continues | Source: ADAUSD on TradingView.com

The founder pointed to the notion of price discovery given the performance of coins like Dogecoin and Shiba Int which have no utility whatsoever, yet have seen tremendous growth. He calls for people to forego the notion of price discovery and instead focus on the impact of the project.

Mostly, Hoskinson pointed to newcomers who have mainly been the ones panicking when it comes to price. He explains that people like these are obsessed with price and “there seems to be an utter lack of perspective.”

Cardano Looking To The Future

For the older investors in the project, most had gotten into Cardano for the impact that they knew the blockchain could have and Hoskison has echoed that sentiment. Instead of looking at price, the founder prompted the community to look towards the future, towards what Cardano could mean for the world someday.

Related Reading | Cardano Leads Altcoins As Market Marks 13th Consecutive Week Of Inflows

For Hoskinson, Cardano goes beyond making money through investing in the token. He sees the project being an important part of the backend of nation-states and payment solutions going forward.

“If you look at a five-year, a 10-year, a 15-year, a 20-year package, we really feel that there’s a strong possibility Cardano could be the backend of many nation-states,” said Hoskinson.

Also, the founder explained that there is no way to accurately predict what Cardano would be worth once it reaches its full potential. However, Hoskinson sees Cardano as being “the biggest preserver of human rights the world has seen.”

Featured image from Binance Academy, chart from TradingView.com

Inverse Signals: Why Bitcoin Weakness Is Attributed To Dollar Strength

Inverse Signals: Why Bitcoin Weakness Is Attributed To Dollar Strength

fivenewscrypto    novembre 22, 2021   

Bitcoin price is currently on the ropes, potentially about to lose support at around $56,000. But could the recent weakness in the cryptocurrency market be more a factor of a strong dollar?

TD Sequential Triggers Anti-Correlated Signals On BTCUSD, DXY

Weeks ago, we posed the question if or not the Dollar Currency Index making new highs in 2021 was a dangerous situation for Bitcoin. After more than $10,000 per coin was wiped off the price of BTC, the answer was a resounding yes.

But much like the cryptocurrency uptrend in late 2020 and early 2021 came to an abrupt halt, even the dollar’s short-term destruction must at some point come to a full stop.

Related Reading | 10 Bullish Monthly Bitcoin Price Charts To Start November

The potential for a reversal is here, according to the TD Sequential – a market timing indicator created by Thomas Demark. The idea behind the tool is that after a specific sequence of candles is made, conditions are met for a reversal.

Such conditions are typically indicated by a 9-setup, or a 13-countdown. However, the 8th candle before the 9 can also yield such results, and truly the tides can change at any point – the tool just highlights when that is most likely to occur. 

In the chart below, both Bitcoin and the DXY have opposing signals – making the probability for a reversal in each asset all the more likely.

Inverse TD setups could spell reversal | Source: DXY on TradingView.com Bitcoin Weakness, Dollar Strength

In the chart above, there are some important things to note that might suggest the reversal isn’t quite ready. For example, the DXY hasn’t “perfected” its 9-count. Meanwhile, Bitcoin price is only on an 8-count, yet has been perfected.

A count is only perfected when the final candle of the series has surpassed the rest of the sequence. A perfected setup is still not a guarantee of results, but increases the chances of success even further.

Bulls take the stairs up, bears take the elevator down | Source: BTCUSD on TradingView.com

Bitcoin price is also not in danger of a larger reversal, until the uptrend support has been broken on the daily. The stair-stepping pattern above would be broken with a close below $54,000 – such step-like patterns weren’t violated during past uptrends until they were confirmed to be over.

Related Reading | Is The Dollar Index Making New 2021 Highs Dangerous For Bitcoin?

The reason for the dramatic downside in Bitcoin post-new highs being made, very well could be due to strength in the dollar, and less-so weakness in the first ever cryptocurrency. The last time Bitcoin price reached such levels, the dollar was valued at far less by comparison using the DXY. With the DXY making a comeback, the king of cryptocurrency isn’t looking quite as strong as it once was.

The point of the article, however, is to highlight the count on the TD Sequential on both assets, which could make this shift in strength and weakness a very short-lived trend.

Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

200k Ethereum Flows Into Exchanges, More Downside Ahead?

200k Ethereum Flows Into Exchanges, More Downside Ahead?

fivenewscrypto    novembre 22, 2021   

According to on-chain data, around 200k ETH entered exchanges yesterday, a sign that Ethereum might face more downside soon.

Central Exchanges Observe Inflow Of 200k ETH

As pointed out by a CryptoQuant post, more than 200k ETH entered exchange wallets yesterday. At the current rate, this amount is worth about $839 million.

The relevant on-chain indicator here is the Ethereum netflow, which shows the net amount of the crypto entering or exiting central exchanges. Its value is calculated by taking the difference between the inflows and the outflows.

When the metric has negative values, it means outflows are dominating the inflows. That is, investors are withdrawing more ETH than they are depositing. Such a trend is usually bullish for the crypto.

On the other hand, positive netflows imply exchanges are receiving a higher amount of Ethereum compared to what’s being taken off. As investors usually transfer their coins to exchanges either for withdrawing to fiat or for purchasing altcoins, prolonged positive values of the indicator can be bearish.

Related Reading | Ethereum Scarcity: After London Fork, ETH’s Supply Change Drops To Almost Zero

Now, here is a chart that shows the trend in the ETH netflow indicator over the past couple of weeks:

Looks like the indicator has shown a positive spike recently | Source: CryptoQuant

As the above graph shows, a huge positive netflow spike was seen yesterday as around 201k ETH entered exchange wallets.

This is a significant amount of Ethereum, and as is visible in the chart, no inflows of close to this level have been seen during the period.

By the way, one interesting feature in the graph are the humongous outflow spikes from about a week ago. These outflows amounted to around $9 billion in ETH exiting exchanges in just a matter of three days.

The inflow seen yesterday can cause a decline in the price of the crypto in the short term. However, in the long term, signs for the coin are still bullish as the exchange reserves have been sharply dropping off recently.

Ethereum Price

At the time of writing, ETH’s price floats around $4.2k, down 10% in the last seven days. Over the past month, the crypto has gained 4% in value.

Related Reading | TA: Ethereum Trims Gains, Why This Level Is The Key For Fresh Increase

The below chart shows the trend in the price of Ethereum over the last five days.

ETH's price has moved mostly sideways in the last few days | Source: ETHUSD on TradingView

Since Ethereum made a new all-time high above $4.8k, the price has mostly seen a trend of decline. Earlier the price dropped down to as low as 3.9k, before recovering to the current levels.

Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

ANOMUS Private Round Closes with Uber-Subscribed Sales

ANOMUS Private Round Closes with Uber-Subscribed Sales

fivenewscrypto    novembre 22, 2021   

IDO Will Follow on November 26th

Anomus has been a well-anticipated project that has gained much attention over the last few months. Today Anomus is announcing the closure of its private sale round with a very successful and promising oversubscription.

The oversubscription was well anticipated by the team; which is due to the project’s hype which, backed by well-known names in the blockchain space and a team of crypto professionals, has been building up a lot lately.

Anomus plans to launch its ‘Initial Dex Offering’ (IDO) on the 26th of November 2021; the team, investors, and partners are excited in anticipation of the alpha launch of the platform, which is expected to roll out during December 2021.

Anomus Is The Future of News & Journalism

Anomus is a decentralized protocol that aims to restore fairness, objectivity, and balance to news reporting. Its goal is to create a platform for publishers to save their work in blockchains, where it will be permanently recorded and accessible worldwide while protecting the publisher’s intellectual property rights. Publishers, auditors (Fact-Checkers), and readers will all be rewarded in various ways as a result of their participation in the system.

Publishers now have a way to create and monetize their content without censorship or restrictions, all while having it governed by the community and preserved for future generations.

Aside from publishers, Anomus aims to create an ecosystem that utilizes ANOM tokens to all users’ benefit, providing everyone with incentives to publish, audit, and read content by issuing rewards for participation and the proper use of the platform.

The project will feature:

• A censorship-free environment that encourages free speech
• Autonomous, community-governed platform
• Reward system for publishers, fact-checkers, and readers
• Content preservation through blockchain and permaweb technology

Join Anomus today by signing up to become part of this decentralized revolution.

ANOM tokens will be governed by the Anomus Tokenomics.

 

 

 

 

 

 

 

$WAGMI Is Here To Shake Up The Memecoin Space

$WAGMI Is Here To Shake Up The Memecoin Space

fivenewscrypto    novembre 22, 2021   

For those of you unfamiliar with the acronym, WAGMI stands for, “We’re all gonna make it,” and embodies the starry-eyed conviction of crypto enthusiasts. It is a phrase that conjures images of affluence; mansions, yachts, parties, mountains of cash. But most importantly, it embodies the main goal; financial freedom. The freedom to do what we want with our time, to take care of our loved ones, to pursue our passions and gifts and make our wildest crypto gains a reality. It is the answer to the assertion that the crypto market is a zero-sum game. It isn’t. As we grow this space together, the better off all of us are. As a community, no one is left behind. We are, indeed, all going to make it.

$WAGMI is an ERC-20 coin with a 10% reflection buy tax for holders. The sales tax is broken into 5% marketing and 5% development. The $WAGMI team is led by a stellar group of visionary NFT connoisseurs, heavily experienced blockchain developers, and a community of motivated investors. Friendly, yet focused intensely on our goal of making it together, we welcome all newcomers with open arms and a list of to-do tasks. $WAGMI is more than a token; $WAGMI means community and community means family. Recently, $WAGMI team released information about an exciting NFT giveaway to rile up the community. Upon purchasing $WAGMI, one random participant will be selected to receive a MAYC Bored Ape Yacht Club NFT. More buys mean a better chance of winning.

Though this project started as a memecoin in relation to the cultural phenomenon of $GM, the team has aspirations for so much more. Rooted in our deep relationships with insiders and investors worldwide, we plan to grow into a much larger, functional platform that educates investors of all backgrounds about cryptocurrencies and NFTs. We have many more specific use-cases up our sleeves which we are waiting to announce, but as for now, remember the mantra. The mantra that will take us over the mountain and to the moon. The mantra that is calling you to your future of financial freedom and independence. We’re All Gonna Make It.

Join the movement. Make sure to stay up to date on $WAGMI developments, updates and giveaways.

 

This Bitcoin Metric Hints At Bottom, Is BTC Out The Woods?

This Bitcoin Metric Hints At Bottom, Is BTC Out The Woods?

fivenewscrypto    novembre 22, 2021   

Bitcoin has chosen violence. The first crypto by market cap trades at $57,873 with a 3% loss in the daily and an 11.2% loss in the weekly chart.

BTC on a downtrend in the daily chart. Source: BTCUSD Tradingview

After making a push close to $60,000 Bitcoin was rejected and has trended to the downside for the past 2 hours. The benchmark crypto might have reacted to the potential re-appointment of the U.S. FED Chair Jerome Powell to his position for a second term.

Related Reading | This Bitcoin Metric Hints At Bottom, Is BTC Out The Woods?

Data from Material Indicators suggest the move to the upside was driven by investors with orders with an estimated value above $1 million (whales). As seen in the chart below, these investors, along with retail investors and others with bid orders above $1,000 sold as soon as BTC’s price reached $59,000.

FireChart BTC/USD Source: Material Indicators

As the chart shows, there is almost no resistance or support for Bitcoin at the levels. To the downside, significant supports (below the blue line, BTC’s price, in the chart) sit at around $55,000, and to the upside, $60,000 stands as the biggest resistance (above the blue line in the chart) for BTC’s price in the short term.

According to data from Glassnode, the Short-Term Long Term Realized Valued (SLRV) for Bitcoin is back to below 0.4. As seen in the chart below, whenever BTC’s price hits these levels, the cryptocurrency tends to appreciate.

Related Reading | Bitcoin Bounces To $58K, Why Bears Could Spill More Blood

Pseudonym analyst On-Chain College commented the following on what this indicator suggests for Bitcoin in higher timeframes:

What I find most interesting is the relationship of this ratio between now and the run up earlier this year. Notice the SLRV Ratio rising as price rose in the beginning of this year vs. a steady decline/consolidation as price rose a few months ago… Bullish

Bitcoin Still On A Moon Mission?

Despite the recent downwards price action, Bitcoin’s fundamentals remain bullish. Additional data provided by Glassnode noted an increase in the number of addresses with an estimated balance above $0.

This metric indicates a rise in adoption most likely triggered by the approval of the Bitcoin Law in El Salvador and the growth and its second-layer solution Lightning Network. Since BTC’s price made a run from its yearly open ($29,000) to an all-time high ($69,000), the market became overheated.

The approval of the first BTC-linked ETF in the U.S. didn’t contribute to the above with the derivatives sector recording an increase in positive funding rates. This metric has returned to a neutral state after BTC’s recent crash.

Related Reading | Bitcoin Resumes Decline, What Could Trigger More Downsides

However, experts believe that BTC still needs to flash out the short-term holders and speculators before re-entering price discovery. NewsBTC’s Editorial Director Tony Spilotro expects Bitcoin to retest support around $56,000 in the short-term following a similar pattern that in September before BTC broke away from a previous range and above $65,000 for the first time since its inception.

BTC dancing on support in the 4-hour chart. Source: Tony Spilotro via TonyTrades BTC Trading Channel

Dvision Network Announces Official Start of Its 1st LAND Sale in Cooperation with Binance NFT and NFTb

Dvision Network Announces Official Start of Its 1st LAND Sale in Cooperation with Binance NFT and NFTb

fivenewscrypto    novembre 22, 2021   

Dvision Network has announced that it will start offering the LAND NFTs in its metaverse, which represents the digital estate ownership in Dvision World. The anticipated launch of the first Meta-Cities will see lots sold in both New York and Seoul as part of a 10-part launch that is scheduled to take place over two years. Dvision Network has partnered with Binance NFT and NFTb to successfully carry out the sale on partners’ platforms, as well as Dvision Network’s Marketplace.

Exclusiveness of land ownership

Owning LAND gives users exclusive rights/digital in the Meta-Space in which the lots are located. The lands are registered as NFTs on the Binance Smart Chain (BEP-721) and are valuable assets for users in the Dvision Metaverse who can later customize his virtual real estate in various ways and create new profit allocation resources out of it.

The first land sale is scheduled to begin on November 24th at 8:00 PM KST (11:00 AM UTC). The launch will also mark as the biggest “LAND Sale” in Dvision World in collaboration with Binance NFT and NFTb platforms.

In total, there will be 20 Meta-Cities launched over a period of two years and only 200,000 LANDs will be sold over the lifetime of the Dvision Metaverse. Dvision Network will gradually transfer ownership of the LAND to users over this time frame.

How To Get LAND In The Sale

The sale of LANDs will occur through a tripartite partnership between Dvision Network, Binance NFT, and NFTb. Each platform will feature a fixed number of LANDs available for sale with purchase options.

Dvision Network will offer 1,469 LAND lots on its native Dvision Marketplace. These LANDs will be offered to users without any randomization. All Dvision Network marketplace LAND Lots will be offered individually with its specific location on a map. Users are able to purchase LAND using Dvision Network’s DVI tokens.

Binance NFT will feature 1,452 mystery boxes available exclusively to verified Binance.com users. Each one will contain up to 14 different LAND Lot NFTs, with specifications ranging from Regular LAND 1×1 to Premium LAND 3×3 size.

Similarly, users can visit NFTb Launchpad during INO and grab up to 5 LAND Boxes out of 1,495 available. The LAND Boxes on the launchpad are classified by tiers with various access levels. The 1st tier will only have access to the regular LAND Box, while 4th tiers have access to the legendary LAND Box.

LAND Allocation

The LANDs in the Dvision Metaverse will be divided according to a 40-40-20 split mechanism. 40% of LAND will be available for purchase upon launch of each Meta-City in the metaverse. This is to provide Dvision users a ready-to-create platform that they can purchase. Players will be able to create a limitless amount of diverse content on their LANDs in the Dvision Metaverse.

The second 40% portion is allocated to the Play to Earn Concept. Every Meta-City is segregated into three territories (User-Owned, Management-Owned, and Infected Area.” The infected area makes up the 40% of available LANDs that powers the play to earn features in the metaverse. Users who successfully clear infected lots receive DVI tokens from the sale of the LAND that equals their contribution to the prices.

The last 20% of LAND is allocated to the Dvision Team. This portion will be used to allocate LANDs to strategic partners to place their brand-specific content, introduce diverse initial pieces of content, and some will be reserved for future use cases.

The countdown to the sale has already begun on the Dvision website. More information will be available at the end of the countdown. Meanwhile, the LAND Sale will commence promptly on November 24th at 11 AM UTC.

This teaser released by Dvision emphasizes the importance of the partnership between Binance NFT, NFTb, and Dvision Network and shows the opening of the New York and Seoul Meta-Cities.

 

Bullz – The Tiktok of Crypto Is Growing in Adoption

Bullz – The Tiktok of Crypto Is Growing in Adoption

fivenewscrypto    novembre 22, 2021   

BULLZ, the new app for sharing and earning with videos on favourite crypto picks, has already amassed crypto and lifestyle influencers with a combined reach of 26.8+ million. Within 4 weeks of release, top creators including melissasantos, jollygreeninvestor, thestockbunny, joeybirlem, gavin_mayo and many more have already discovered BULLZ and it’s new monetization opportunity for themselves.

While more established web2 companies, such as Twitter, Reddit and Facebook, are exploring NFTs or blockchain technology, the conversations around crypto monetization and adoption are growing. More specifically it becomes clear that creators who have been fueling platforms with engagement and content are looking towards new monetization models and fair relationships. One of the largest independent, open market studies of 1,624 creators has uncovered a new form of creator entrepreneurship coming from cultural, societal, economic and technological shifts: the independent creator.

“77% of creators worry about being dependent on social media platforms for their earnings.”

Creators know they are building a real asset on social media platforms – an audience that they can monetize. But, they are also starting to realize that they don’t own it. To make money, creators have to work with brand partnerships, gain sponsorships or receive a slim revenue share offered by YouTube, Twitch, Instagram and Facebook. Most of the revenue is done off-platform.

Web3 is changing the relationship between creators and platforms. By decentralizing and open-sourcing information, it allows peer-to-peer networks to freely share and interact with code, data, and smart contracts. 3 areas the next generation of platforms are focusing on:

1.ownership (& portability) of data 2.participatory decision making & cooperative business models 3.decentralization via crypto & open-source protocols

In response to those 3 areas, new platforms are starting to emerge. BULLZ is tackling a new monetization stream for the creator economy with the “promote-to-earn” business model. Creators on BULLZ can recommend their favourite crypto picks through videos, and earn with their UGC, without requiring prepayment of those brands/projects. This is all possible through the integration of the WOM Protocol, a blockchain martech solution that pays out creators daily based on the engagement their content receives and a trusted peer-reviewed rating the content has to pass before earning.

BULLZ is the first dedicated platform for blockchain and crypto-related social content. TikToker, TheNiFTyInvestor, explains: “I really see the potential BULLZ provides for us as content creators within the crypto space. We already make content for projects we love, basically “for free” and now we have the opportunity to monetize this.”

Brands and projects can tap into the BULLZ content for their own marketing, using the WOM Campaign Manager. The WOM Campaign Manager allows brands to browse through content about their project and purchase WOM Tokens to boost selected content for more exposure on the BULLZ app. Youtuber, CryptoAdvance, believes that it will be a key driver for user-generated content (UGC) moving forward: “I think more UGC will be incentivized with the “promote-to-earn” model and we will see more crypto projects adopt this for community building. They already rely on their project fandom to make cool content! Why not reward this?”

“Community is the most important metric.” – And many blockchain and crypto communities find it hard to make educated decisions regarding which projects and brands to be a part of. BULLZ is empowering creators to share honest recommendations and will also provide a more transparent understanding of community metrics, simply by seeing which projects are talked about.

BULLZ has already announced plans to roll out additional features, such as a leadership board of trending projects discussed on BULLZ and the integration of the WOM Authentication system, for non-creators to monetize by rating (“judging”) content on BULLZ. This will further expand the ways in which users can earn on BULLZ.

About the WOM Protocol

WOM (word-of-mouth) Protocol is building a blockchain-based protocol that gives brands, content creators, publishers, and social networks a way to monetize word-of-mouth recommendations on any app, website or platform. WOM is backed by dozens of seasoned investors from around the globe. For more info about WOM: https://womprotocol.io

About BULLZ

BULLZ is a dedicated app for discovering authentic blockchain and crypto-related recommendations. Users can find trending projects, discuss them together with other crypto enthusiasts and experts and can get rewarded for sharing their own videos about the projects and companies they love. With the “promote to earn” model, users are rewarded with WOM Tokens for their authentic recommendations

directly within the app. For more information about BULLZ: https://bullz.com

Bitcoin Whale Wallet Containing 1,299 BTC Activates After Eight Years

Bitcoin Whale Wallet Containing 1,299 BTC Activates After Eight Years

fivenewscrypto    novembre 22, 2021   

A bitcoin whale wallet has been reactivated after almost a decade of dormancy. Wallets being reactivated after long periods of dormancy are no longer new to the market at this point. These whale wallets usually carry tens of millions to hundreds of millions worth of BTC by the time the owners of the wallet reactivate them. Bitcoins like these were acquired at very low prices but the market uptrend in the past couple of years has turned what were initially thousands of dollars into millions.

This is the case with the most recent bitcoin whale wallet activation that saw hundreds of millions moved from a wallet that has recorded no activity in the past eight years. Now the market speculates what they might do with the BTC.

Related Reading | New Record For Bitcoin Lightning Network As Adoption Grows

Bitcoin Whale Wallet Boots Up After 8.1 Years

Whale Alert posted a transaction hash that showed that a whale wallet had been reactivated after spending 8.1 years in dormancy. The wallet was last transacted in 2013 and since then has not had any sort of activity whatsoever. On November 20th, the wallet had its first activity after almost a decade as the holder had moved 1,232.6469 BTC out of the wallet.

A dormant address containing 1,299 #BTC (77,620,338 USD) has just been activated after 8.1 years (worth 199,962 USD in 2013)!https://t.co/IO2GwlaSpe

— Whale Alert (@whale_alert) November 20, 2021

The total amount of BTC held in the wallet was 1,299 BTC with an equivalent dollar value of $77.6 million. The amount had been promptly moved out of the wallet, leaving about $66 worth of BTC behind.

BTC struggles below $60,000 | Source: BTCUSD on TradingView.com Community Speculates The Movement

With $77 million in tow, there have been speculations as to whether the owner of the whale wallet would sell their bitcoin after moving it out. The coins were moved to another private wallet, not an exchange, which means that the holder was not sending off the coins to be sold directly. However, it is important to look at the impact such a sale could have on the market.

Related Reading | Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack

A sell order of 1,299 BTC going up on an exchange will no doubt cause panic among investors. The sale could very well see the price of the digital asset dip following such a big order. But given that the BTC held in the wallet was worth less than $200K back in 2013, it is not a stretch to think that the holder may want to cash out gains after holding for almost a decade.

One user compared it to winning the lottery, saying; “If you bought a lottery ticket for under $200,000 and it turns to a $77m jackpot after 8 years, would you sell or not?”

Regardless of the intention of the wallet holder, the price of bitcoin has held up in the market. The price has since recovered although the price had dipped towards $55K going into the weekend.

Featured image from Nairametrics, chart from TradingView.com

Super DAO: Tokenizing Consumer-Facing Dapps On-Chain

Super DAO: Tokenizing Consumer-Facing Dapps On-Chain

fivenewscrypto    novembre 22, 2021   

Decentralized networks hold untold promise for tapping developer and entrepreneurial talent wherever it exists in the world, particularly in areas where it is difficult to raise funding. By breaking down barriers for bootstrapping new ventures and giving projects access to essential resources, the tokenization of dapps and services on-chain can incentivize new decentralized governance models that redistribute power, control, and rewards to the collective.

Building on the idea of decentralized autonomous organizations (DAOs) and decentralized crowdfunding, a new wave of open, consumer-facing dapps that are controlled by their own native governance systems and token-holding communities can democratize access to the tech economy via blockchain technology.

The limitations of DAOs

DAOs largely rely on a simple structure where every member can propose an idea and vote upon it democratically. People use them for charity, investment, governance, and fundraising. MakerDAO, for example, is governed by MKR stakeholders. Apart from its on-chain governance, there is also an off-chain discussion for general feedback. It is used before on-chain voting to evaluate the overall sentiment about issues affecting the MakerDAO ecosystem and determine a consensus regarding their resolution.

A DAO is open source and transparent, with no board of directors or managers. The community, or each member of the DAO, reviews, records, and maintains all the tasks, proposals, and updates using a blockchain. But while DAOs may be architecturally decentralized (independent parties run different nodes) and geographically distributed, they might also be logically centralized (by the protocol rules).

What’s more, DAOs and conventional token-based governance systems typically control services on blockchains that are basically ledgers. They cannot extend to dapps that are built to run entirely on-chain and serve web content to users.

Tokenized governance for consumer-facing dapps

Advances in decentralized governance can give any developer in the world a means of bootstrapping and launching an open, web-based dapp that puts the control in the hands of community stakeholders. At the same time, anyone who is excited about supporting a given project is free to participate; doing so is permissionless.

This principle is central to the Internet Computer, launched by the DFINITY Foundation — a public blockchain that promises a safe and unlimited environment for smart contracts to run on-chain dapps over the web. The Internet Computer enables developers to build virtually anything online while reducing computing and transaction costs. A key feature is the open governance system that controls the Internet Computer — the Network Nervous System (NNS). By staking the blockchain’s native utility token, ICP, into “neurons,” anyone can participate in governance by voting and proposing changes.

The NNS’s accessible model of tokenized governance will soon extend to dapps on the Internet Computer: the ICP community is actively discussing the development of a dapp-based open governance system — the Service Nervous System (SNS). It will allow developers to easily tokenize their dapps and give the community control over how it operates. Proceeds would be held directly by the SNS, with no centralized recipient capable of stealing them.

The messaging dapp OpenChat, the social aggregator DSCVR, and the professional social network Distrikt are examples of projects that will adopt community control. Anyone could choose to decentralize the governance of their dapp by tokenizing it, giving developers who build entirely on-chain a means of building engaged user communities while providing liquidity and resources to the dapp.

Key advantages

Open tokenized governance presents many opportunities to developers, users, and investors. Establishing an open tokenized dapp can assist developers and entrepreneurs with user communication, regular feature updates, and necessary funding. For early adopters, it can be considered a long-term investment and source of regular rewards, and for the community in general, it creates a level playing field where anyone can freely participate in the decision-making process.

Decentralized governance is the future of blockchain-based organizations. It can make them more secure and give their members a voice. Open tokenized dapps will evolve under the direction of their community, with decisions open for review by anyone, incentivizing the stakeholders involved to help them succeed.

 

Image: Pixabay

Introducing the New Tool for Traders… Commando by Decentrader

Introducing the New Tool for Traders… Commando by Decentrader

fivenewscrypto    novembre 22, 2021   

Ready to take your trading to the next level?

We all know how hard it can be to navigate the crypto market as a trader. Too many potential opportunities and risks. It is simply not possible to chart up hundreds of tokens every hour of every day. So opportunities get missed and lots of them.

Many of those opportunities are capitalized on by hedge funds using algorithms worth millions of dollars to out-smart the average retail trader – which is happening all the time, whether you realize it or not.

At Decentrader, we believe in a fairer financial system, so we are now leveling the playing field, bringing back power to you through our new trading tool…Commando.

Commando definition:

A top-grade soldier specially trained for carrying out raids.

 What is Commando by Decentrader?

Commando is an algorithmic market scanner that helps identify leading opportunities in the market for over 100 cryptoassets.

Using an algorithm built upon millions of data points, it cuts through the noise to highlight key opportunities in crypto.

Once our proprietary algorithmic scanner sees a pattern, it highlights the opportunity with a score providing a likelihood of average price increase over the following 24 – 72hrs.

And having live tested the results over the past eight months across millions of data points, we know it works well.  It works REALLY well.

Can we back up what we say?

This is the summary of the methodology and results of the live testing we have done with Commando.Our statistics are generated from actual Commando scores and data spanning the eight months from February 2nd to September 14th, 2021.

Once the threshold score of 2 was reached, the average peak price increase for the asset was 6% within 28 hours. This was based on the 938 times the threshold was reached. 692 of the 938 reached an average peak increase of 7.9% within the following 28 hours.

The score could stay at or above the threshold of 2 for a while; we start the 28-hour window once the threshold is initially met.

Statistics are generated from actual Commando scores from February 2nd to September 14th, 2021.

Once the threshold score of 2 was reached, the average peak price increase for the asset was 6% within just 28 hours. This was based on the 938 times the threshold was reached.

692 of the 938 reached an average peak price increase of 7.9% within the 28 hours.

The 28-hour window begins once the threshold score of 2 is initially met.

While this does NOT mean that Commando can guarantee future returns, it demonstrates the power of a sophisticated market scanner to identify opportunities in the market based on an asset’s data points.

Additional Benefits

Users of the Commando platform also get real-time access to breaking news on each crypto asset, and social sentiment scoring to ensure a complete picture of the market landscape for a specific asset at any given time.

So you get high-grade market intelligence presented to you across +100 crypto assets…fast.

 7 Day Free Trial

Commando is the new top-tier intelligence platform for crypto.

Despite interest from various funds in the Commando tool, we are currently making it available to retail traders, to help level the playing field.

To showcase just how powerful Commando is, we are making it available for FREE on a 7-day trial, so you can try it yourself.  The 7-day FREE trial runs from 19 Nov to 26 Nov.

To sign up for Commando go to Decentrader.com or to see it in action click here.