Stablesoins are crypto assets that are tied to another asset, such as fiat currency or precious metal. Staboins are designed to maintain a relatively stable price so that users avoid the volatility risks common in the crypto market. Stablecoins are divided into three types: fiat support, encryption support and algorithm support. Stablecoins backed by fiat …
Bitcoin is expected to recover to $28,000 by the end of the year, given its strong correlation with the US stock market, according to an analysis by Deutsche Bank. Bitcoin plunged in 2022 as rising interest rates and inflation fears sparked risk aversion. An analysis by Deutsche Bank analysts Marion Laboure and Galina Pozdnyakova shows …
Blockchain technology is considered to be the core technology with the most potential to trigger the fifth wave of disruptive revolution, following steam engine, electricity, information and Internet technologies. What is blockchain? It is a distributed ledger technology that enables organizations to be more transparent, democratic, decentralized, effective and secure. In the next 5-10 years, …
The concept of a "meta-universe" is pervasive. Facebook founder Mark Zuckerberg took the metasverse craze to a new high by changing the name of Facebook to Meta. Then Microsoft announced its $68.7 billion acquisition of Activision Blizzard, which it saw as its first forway into the meta-universe. Beyond social, gaming, and AI devices, the metasurses …
Insurance companies entering the metasverse: Concept over content? Read More »
In the past year, the number of companies working on the metasexes has increased from 200 in July 2021 to more than 500 now, according to a metasexes study by market research firm Newzoo, VentureBeat reports. A year ago, many people might not have heard of it, but the surge in demand for virtual living …
Newzoo: More than 500 companies have entered the metasverse Read More »
Are blockchain contracts credible? What is the contract transaction? What are the benefits of doing blockchain contracts? How long have blockchain contracts been in development? Can you make money doing blockchain contracts? Are blockchain contracts easy to make? What are the blockchain tricks? Where can I do blockchain contracts? Are blockchain contracts deceptive? What are …
There are three reasons why blockchain contracts are sound Read More »
PoW has always been criticized for its excessive energy consumption. Now ethereum, as the largest and most ecologically prosperous public chain in the blockchain field, has shifted its verification mechanism from PoW to PoS, which has attracted important attention in the circle. The essence of a blockchain is a decentralized ledger, which is a public …
Ethereum moves to POS consensus, is POW Consensus obsolete? Read More »
Bitcoin, which has been hovering between $20,130 and $20,429 since falling from around $30,000 to around $20,000 early this month, was down 5.13% at $20,029.5 per coin as of press time. Bitcoin's inability to gain momentum has heightened analysts' fears of further declines in the cryptocurrency. MarkNewton, technical strategist at Fundstrat Global, said on Tuesday: …
Will Bitcoin fall to 13,000? Medium-term bull opportunity is here Read More »
Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said in an interview with CNBC that bitcoin is the only cryptocurrency he feels comfortable calling a commodity publicly. Speaking on CNBC's Squawk Box, Gary Gensler reiterated his view that many cryptocurrencies are securities and remain a "highly speculative asset class." "Many of these crypto …
The SEC chairman implied that Ether was a security Read More »
Bitcoin mining companies have been forced to sell their cryptocurrency holdings as plunging prices, rising energy costs and increased competition take their toll on mining profits. The number of tokens sent by mining companies to cryptocurrency exchanges has been rising steadily since June 7, suggesting that more mining companies are clearing tokens on exchanges, according …