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Tag: Crypto

  • HIVE reveals Third Quarter Earnings for 2021

    HIVE reveals Third Quarter Earnings for 2021

    HIVE revealed record income for the second from last quarter finishing December 31, 2021. Income for the three-month time frame expanded to $68.2 million, up 30% from the past quarter and 397 percent from a similar time a year ago. Total compensation was $64.2 million, up 7% from the past quarter and 273 percent from the earlier year.

    Hive’s joined fluid BTC and ETH had a gross worth of $168 million toward the finish of December 31, 2020, up 11x from $15 million the earlier year. HIVE had 1,813 Bitcoin (“BTC”) worth $83.1 million and 23,290 Ether (“ETH”) worth $84.9 million at the finish of the current December quarter.

    HIVE’s Executive Chairman, Frank Holmes, stated that they would like to thank their loyal shareholders once more for having faith in their vision to mine both Ethereum and Bitcoin in order to generate robust cash flow returns on invested capital and that they believe their outcomes continue to justify the meaningful impact to their strategic plan to mine both BTC and ETH and HODL as many coins as possible.

    Darcy Daubaras, CFO of HIVE, stated that a year ago, they made the deliberate choice not to sell their mined bitcoin or perform costly financing when brokerage firms were offering capital at a 20% discount or inspiring them to borrow against their BTC and ETH investments at a 12% cost of capital in the tussle by crypto mining businesses to purchase more ASIC chips. HIVE’s small equity investments were made at market rates or premiums to the stock price, allowing them to achieve the best robust returns on investments among their peers.

    Income from Crypto money mining was $68.2 million for the three months finished December 31, 2021, an expansion of roughly 397% from the earlier year, fundamentally because of an increment in digital currency costs, expanded Bitcoin creation because of the Quebec and Atlantic office acquisitions, and the acquisition of miners for those offices.

    About Hive (HIVE)

    HIVE Blockchain Technologies Ltd., the main digital money mining firm with efficient power energy and ESG procedure, opened up to the world in 2017.

    HIVE is a high-development innovation stock in the early blockchain area. As a public firm on a significant stock trade, they are overcoming any barrier between the advanced money and blockchain areas and conventional monetary business sectors. HIVE has forefront, efficient power energy-fueled server farm offices in Canada, Sweden, and Iceland, where they mine on the cloud and HODL both Ethereum and Bitcoin. Since the start of 2021, HIVE has kept the greater part of its ETH and BTC money mining benefits in safe stockpiling.

  • Gala (GALA) – Why is it Trending?

    Gala (GALA) – Why is it Trending?

    GALA, the namesake token for Gala Games, has risen 20% in the previous 24 hours, outperforming both other Metaverse majors and Meta’s stock.

    Gala Games announced intentions to invest $5 billion over the next year to expand its NFT products by acquiring IP rights and constructing a theme park. According to reports, Gala plans to spend $2 billion on gaming, $1 billion on film, $1 billion on music, and the remaining $1 billion on a theme park.

    Snoop Dogg has secured a promotional contract with Gala to make prize boxes to promote his new album, B.O.D.R. (Bacc on Death Row). Each loot box featured early access to one of B.O.D.R.’s 17 tracks, with 1,470 NFTs created for each song. The NFTs does not grant any kind of intellectual property rights.

    Gala also announced another Galaverse festival for June in Copenhagen on Tuesday. The previous Galaverse event, staged in Las Vegas in December, was one of the first large concerts to take place post-Covid. Gala Games has also just formed a $100 million blockchain gaming fund in collaboration with crypto investment firm C2 Ventures, with a focus on investing in-game creators and businesses built on the blockchain.

    Other majors in the metaverse, such as MANA and SAND, also saw gains. According to Coinmarketcap, Decentraland’s MANA coin was up 11% on the day, while SAND was up 7%. According to talk on Discord channels, the crypto-heavy Super Bowl commercial selection was touted as a cause for the rise.

    NFTs are one-of-a-kind crypto assets that provide evidence of validity and ownership. They may be traded on markets such as OpenSea and LooksRare. By the end of 2021, the market value of NFTs will have risen to a whopping $41 billion.

    Current Price Movement – GALA

    Currently, Its current price is substantially lower than its all-time high of $0.82. According to CoinGecko, the platform’s token, GALA, now has a market capitalization of $2.36 billion and a fully diluted valuation of $11.94 billion, selling at a price of $0.339 per token, down roughly 60% from its all-time high set on Nov. 26, 2021. Today’s pricing has climbed by over 20%. It is ranked 50th on coinmarketcap and has a 0.12 percent market domination. In the last 24 hours, trade volume has surged by about 107.25 percent.

  • Illuvium (ILV) is Trending – What is It?

    Illuvium (ILV) is Trending – What is It?

    Illuvium has a March 2021 delivery date for an open-world RPG experience game based on the Ethereum organization. It has a Metaverse environment and god-like substances known as Illuvials. Clients might procure Illuvials and structure gatherings to rival different players for the opportunity to acquire ILV tokens.

    With regards to multi-billion dollar games, Illuvium rules. The game motor is an open-world RPG based on the Ethereum blockchain. The game rotates around investigating the virtual world. The essential point of the game is to gather solid animals known as “illuvials” to assist the players. In spite of Not Being Released, Illuvium Is Among The Best Metaverse RPGs Ever.

    ILV tokens are the nearby utility tokens for the Illuvium biological system, which clients might acquire through games and use to partake in the venture’s neighborhood organization by holding the tokens.

    North of 100 Illuvials meanders the peculiar land, each with its own arrangement of abilities and capacities. Caught animals might be joined and upgraded, permitting players to find more grounded forms. Illuvials might be contrasted with Pokemon that players can get, in this way, there are a few similitudes. The difference is that Illuvium is a blockchain-based endeavor in which member resource proprietorship is totally moved to them.

    Illuvium merged with Immutable X, Ethereum’s first Layer 2 for NFTs. This implies that gamers may say goodbye to gas costs and enjoy low-cost peer-to-peer trading while still having complete control over their assets.

    Although the game is still under development, ILV holders can stake their tokens on Illuvium’s own staking platform and earn prizes.

    Illuvium has a market cap of $1 billion and plans to launch in the first quarter of 2022. It’s common for Illuvium-related discussions to center on gameplay clips from the actual game. Metaverse fans have praised Illuvium’s graphics and gameplay for their high quality and immersive nature.

    The vibrant world filled with colors of the Illuvium Ecosystem also appears promising in the game. Meanwhile, Illuvium might not be one of the best Metaverse games. Illuvium, on the other hand, may benefit from its realistic gameplay and attract a large user base.

    At the time of writing, ILV is being traded at the price of almost $665.42. The price has increased by almost 8.36% in the past 24 hours. On the other hand, the trading volume has decreased by almost 20%.

  • Everything you need to know about Star Atlas (ATLAS)

    Everything you need to know about Star Atlas (ATLAS)

    Whereas the Ethereum blockchain—home to the biggest metaverse games today, such as The Sandbox, Decentraland, and Axie Infinity—has generated a lot of hype, the Solana blockchain metaverse projects haven’t received as much attention. Except for one: Star Atlas, a Solana project. ATLAS, its native token, is in great demand.

    One of the most talked-about games in the metaverse is Star Atlas. The game, set in the year 2620, is built on the Solana blockchain and has spectacular cinematic graphics comparable to those found in recent console games. In the game, players may explore the many planets of the metaverse, acquire rewards, team up with pals for adventures, and engage in one-on-one fights. and earn points that may be used for qualified item upgrades All of the things in the game, including the people, weapons, ships, and terrain, are NFTs. The ship NFTs may be purchased at the Star Atlas website.

    The more uncommon the ship, the more powerful it may be and the more passengers it can carry, allowing you to travel about with companions. Collectibles that may be used to get entrance to VIP events, as well as resource NFTs such as food, gasoline, and ammo, are also available on the marketplace.

    When you initially start off, you can select between three factions: Mud Territory, Ustur Sector, and Oni Region. Each group will have exclusive access to in-game resources, gameplay settings, ship mechanics, and more.

    The selling of Star Atlas NFT structures, or land, is one of the most anticipated Star Atlas NFT dumps. On the land, players will be able to set up infrastructure, groups, conflicts, stake objects, and rent out services. The land NFTs in the game may presently be viewed in the marketplace but are not yet for sale. The majority of these items will go on sale in April 2022.

    The Native Token – ATLAS

    ATLAS, the native coin of Star Atlas, may be used to acquire in-game items and NFTs on its marketplace. For some goods, USDC is also accepted in the marketplace. The ATLAS cryptocurrency is accessible on FTX and Gate.io, or you may exchange it for Raydium. Sign up for a Solana wallet, like Phantom, to purchase NFTs in the game’s marketplace. The wallet will fund your wallet with either USDC or ATLAS via FTX’s pay service.

  • Mina (MINA) -What does the Chart Show?

    Mina (MINA) -What does the Chart Show?

    Moving to the technical side, and starting from the weekly time frame, the price of MINA has been bearish after it made its all-new all-time high. Recently it is around its all-time low, the drop has been massive and the price has been breaking structures to the downside. Recently the weekly low has been stopped hunted, as when MINA reached that Low, many traders were interested to get in, but they were taken out from the recent move. This allowed the price to get its necessary fuel which resulted in a momentous push to the upside. Moreover recently the harmonic pattern ABCD seems to be over which may result in a push-up of the price.

    Moving down the Daily Time Frame, the price recently has tapped in Daily Order Block, this Order Block is in confluence with the equilibrium of the consolidation range. This zone has added some bullish momentum to the price. Before this tap into the Order Block, the price of MINA did inducement as well which was to take out early buyers, and afterward, the price got the necessary fuel and pushed up.

    MINA - 4H

    Moving down to the last time frame, which is the 4 hour, the price when it was pushing down, the demand failed while the supply was in control. MINA when headed upwards, mitigated that supply zone which was in control and it got a rejection and fell a bit. Now as the bullish momentum is very strong, it’s very likely that it will result in a higher push. The price failed to create a new Low, which was a shift in market structure. This shows the price didn’t want to push much lower. Now there is much Imbalance left in the previous candle which acts as a magnet for the price to react. This can drive prices lower from where we can get in.

    Now as the momentum is very strong, so there are two POI from where the price of MINA can react at the moment. One is Order Block and the other is Breaker Block. AS mentioned the momentum is strong, so in such cases, the price is very unlikely to go to the extreme to react with the Order Block, so Breaker Block is a good Point of Interest and the price can very likely react to it. Talking about invalidation, if BB fails to react, then OB can also serve as a POI, and targets can be around the level of $2.895

  • Uber Might Accept Crypto in the Future

    Uber Might Accept Crypto in the Future

    Uber CEO Dara Khosrowshahi has not precluded tolerating digital forms of money as payment methods.

    Assuming you are a continuous Uber client, you might have the option to pay for your excursions with digital forms of money later on. Dara Khosrowshahi, CEO of the ride-hailing administration, expressed that purchasers would ultimately have the option to pay for their excursions utilizing Bitcoin, however, the business is sitting tight for a couple of changes prior to giving the approval. The Uber CEO proceeded to say that the firm was “continuously having talks” concerning whether or not it should start accepting digital currencies as payment.

    “Will Uber take cryptocurrency in the future?” At some point, yes,” Mr. Khosrowshahi told Bloomberg.

    Mr. Khosrowshahi, then again, gave no sign of when this might occur. However the organization’s essential accentuation is Bitcoin, Mr. Khosrowshahi expressed that other digital currencies, like Ethereum, could likewise be thought of.

    As per Mr. Khosrowshahi, Uber has not yet joined the bitcoin fad because of a couple of imperatives. These incorporate the natural impact of advanced currency mining, which utilizes a great deal of force, as well as the high costs of computerized resource exchanges, where exchange charges are very costly. He proceeded to say that the enterprise will move its concentration to cryptocurrency assuming the trading system turned out to be more affordable and advanced resources quit leaving an unduly enormous carbon impression.

    Regardless of the way that interest in digital currencies has filled lately, numerous organizations have been lazy to acknowledge them as a type of payment. Microsoft started tolerating Bitcoin as a type of installment in its web-based shop in 2014. Tesla has started taking Dogecoin, a joke cryptographic money, in return for sure of its things at its internet-based store.

    Indeed, even while defenders of the advanced resources have long supported that the tokens ought to be perceived as a type of payment, instability is one of the central points of contention with regards to digital currencies as a strategy for installment.

    BTC is currently exchanging for about $42,176 at the hour of composing. As of now, the cost has ascended by around 0.23 percent, which isn’t a lot.

  • Will Decentralized Exchanges (DEX) Rally in 2022?

    Will Decentralized Exchanges (DEX) Rally in 2022?

    The debate over how decentralized cryptocurrency truly is raged on. While crypto-assets such as Bitcoin (BTC) function without a clear center, opponents argue that the total market is far too reliant on a few centralized exchanges for liquidity and investment, including Binance, Coinbase, and Kraken (to name Indeed, as decentralized trades, crypto has as of now provided an answer for this issue (DEXes). These are techniques for producing pools of resources that might be traded, and keeping in mind that they have remained somewhat minor lately, they are relied upon to obtain pertinence in 2021.

    DEXes will keep on ascending in 2022, as per industry pioneers addressing Cryptonews.com, fuelled by the development of opponent blockchains and speedier layer-two scaling arrangements. Regardless of whether their unified friends keep up with their strength, they will keep on securing a portion of the overall industry, with expanded interest for self-guardianship supporting their development.

    “Trading volume on DEXes has been on the rise since DeFi summer in 2020,” said Timo Lehes, Co-founder of Swarm Markets, a DeFi protocol.

    He makes reference to that exchanging volume on DEXes is relied upon to surpass USD 1.1 trillion of every 2021. As indicated by CoinGecko information, Uniswap (v3) presently has 24-hour volumes of around USD 2.6 billion, while Pancakeswap has almost USD 800 million.

    He’s in good company to project proceeding with development; JHL, a pseudonymous supporter of Solana (SOL)- based DEX Serum, accepts DEXes will keep on removing a piece of the pie from centralized exchanges.

    There’s likewise little inquiry that regulation will be a greater concentration for DEXs this year. Most players, notwithstanding, are certain that controllers will take on a reasonable methodology and that stages would adjust successfully to any new guidelines.

    One more issue that might keep on being a worry for DEXes is network protection and hacking. For instance, the decentralized exchanging stage Poly Network was hacked for USD 600 million in August, and the DeFi business has had extremely many assaults to include somewhat recently.

    Clients might see that as DEXes expand in size and assets, their steadiness and security improve consistently, however, we may yet see new assaults this year. Nonetheless, as past breaks have illustrated, centralized exchanges are not without hazard (but rather basically you can hope to be repaid).

  • Telcoin (TEL) Trending – Here is Why

    Telcoin (TEL) Trending – Here is Why

    Telcoin (TEL) is an Ethereum-based platform that aims to facilitate cross-border remittances and encourage the use of telecoms infrastructure and blockchain to disrupt the international remittance sector. The initiative collaborates with telecommunications service providers to assist their consumers with money transfer operations, particularly in locations where banking choices are limited. Telcoin, founded in July 2017, is the brainchild of Paul Neuner and Claude Eguienta.

    Telcoin (TEL) began to trend following their initial technological upgrade on TELx. The firm stated in an official tweet on February 10th:

    “We’re pleased to announce our first technical update to #TELx, which addresses UI bugs associated with connected MetaMask wallets and adds codebase improvements focusing on Typescript, static testing, and dependency upgrades #Telcoin $TEL”

    What is TELx?

    TELx is a decentralized liquidity network based on decentralized financial (DeFi) protocols that are driven by active Telcoin users. It serves as the Telcoin Platform’s user-owned goods’ self-custodial “liquidity engine.”

    TELx’s mission is to provide simple and inexpensive financial services, with user ownership of the network allowing every mobile phone user in the globe to collect incentives that would normally be paid to traditional financial institutions.

    Traditional financial markets feature middlemen and organizations that store, execute, and settle transactions on behalf of their consumers, typically at expensive rates and with lengthy settlement delays. TELx Markets are self-custodial, driven by a decentralized network of Telcoin users (TELx Miners) using DeFi protocols, and the transaction lifecycle is automated using smart contracts rather than middlemen – with instant settlement.

    How does TELx work?

    The design has a very rule-based approach and is done in phases:

    • Product Design: Telcoin, the primary developer of the Telcoin Platform, starts by creating a user-owned product.
    • Market Selection: Telcoin decides which DeFi protocols, assets, and particular markets are needed to bring the solution to the market.
    • Launch of Rewards: Telcoin will then compute and distribute incentives to staking contracts on the TELx Staking Portal.

    TELx Miners construct TELx pools on AMMs or add self-custodial liquidity reserves to existing pools, stake their LP tokens in the relevant TELx Staking Contracts, and start mining TEL in addition to capturing fees in Phase Two. When a market has reached the point of product viability, it will be included in the Telcoin Application.

    Phase Three: When a market is activated in the Telcoin Application, end users get access to an extra product offering in which they may participate as TELx Miners and earn trading fees based on transaction volume related to user demand for a real product. When end consumers engage as Miners on the decentralized goods they use every day, they essentially “pay themselves” rather than an institution.

  • Everything you need to Know about Ontology Gas (ONG)

    Everything you need to Know about Ontology Gas (ONG)

    The cost of Ontology (ONT, ONG) crypto expanded by 31%, and it was exchanging at $0.854 per token. The Ontology crypto, by all accounts, is to be acquiring footing with financial backers, as its 24-hour volume expanded 11,230% to $631 million.

    By and large, the bitcoin market seemed, by all accounts, to be recuperating, as significant digital currencies’ qualities remained in the green. Bitcoin was up generally 0.1% at the hour of composing, exchanging at $42,114.52 per coin.

    What are Ontology and ONG?

    It is the native coin of Ontology, a public blockchain network. It is a distributed and trust-based cooperation platform, according to the network’s website.

    Smart contracts and ledger accounts are supported by the Ontology network. Because the network has a distinct architecture, users may create a blockchain tailored to their own needs. To improve security and trust, the Ontology network includes a mobile digital ID application, ONT ID, as well as a decentralized data exchange.

    Ontology debuted its mainnet on June 30, 2018, and it functions independently of the NEO blockchain. Mainnet is significant since it is a self-contained blockchain network with its own protocol and technology.

    Quite, the Ontology network gives genuine use cases, for example, permitting endeavors to build their own blockchain on top of the organization’s blockchain. The ONT blockchain additionally helps with the end of exchange network costs. The organization appropriates free Ontology Gas (ONG) to digital money holders with respect to their holdings.

    Ontology’s design gives broad cross-chain participation and Layer 2 adaptability, giving organizations the opportunity to make a blockchain that meets their particular prerequisites.

    Ontology’s elements incorporate ONT ID, a versatile advanced ID application and DID utilize all through the ecosystem, and DDXF, a decentralized exchange and cooperation structure with a set-up of decentralized recognizable proof and information-sharing protocols to further develop speed, security, and trust.

    ONG and ONT

    Ontology has a dual-token paradigm, with ONT and ONG serving as utility tokens. Ontology decouples ONT from ONG in order to reduce the danger of volatile swings in the native “asset” value on the gas cost.

    ONT is utilized as a staking tool, with time, staking expenses, and node operation cost as inputs. ONG is a value-anchoring tool for on-chain applications that is utilized in chain transactions.

    Interested investors may purchase this cryptocurrency on cryptocurrency exchanges like as OKEx and Binance.

  • How Verasity’s (VRA) Proof of View is Important

    How Verasity’s (VRA) Proof of View is Important

    The advertising sector is experiencing a crisis. According to The Guardian, at least 25% of persons viewing internet video views are fraudsters’ bots. Every year, bots cost advertising billions of dollars. Several firms have begun to develop proof-of-view technology, which identifies and disqualifies bot-generated views from ad expenditure.

    Verasity’s (VRA) new agreement with the Nasdaq-listed Brightcove Marketplace has reintroduced Blockchain ad-tech solutions into the conversation. I spoke with RJ Mark, the founder of Verasity, on what makes PoV technology such an important tool for the advertising sector in this decade.

    Verasity’s (VRA) goal is to remove $100 billion in ad fraud each year. 2 million video and ad content companies have used its Proof of View technology.

    Verasity’s (VRA) exceptional blockchain innovation, Proof-of-View (PoV), guarantees that the recordings (Content and Advertisements) seen on the stage are authentic perspectives that have been affirmed by the community and are protected as changeless freely available reports.

    Verasity (VRA) works in an assortment of enterprises, including advertisement tech, blockchain, and esports, and is basically constructing an undeniable promotion tech blockchain environment. Verasity is a convention and item layer stage that takes into consideration decentralized arrangements in the eSports and video media outlets. Verasity conveys a stage that will further develop the eSports experience with blockchain-based arrangements without requiring the remodel of present heritage frameworks that help the eSports organization.

    How it will Stop Fakes in NFT

    As indicated by analysts, the by and large NFT market would be worth generally $300 billion by 2030. On the off chance that we accept a mindful 1% misfortune because of NFT fakes and tricks, the area will be on target to lose $3 billion to fraudsters by 2030. Verasity expected such an inclination, applying for and imagining the POV (Proof of View) patent, and zeroing in just on security from the beginning.

    Proof of View can address the present NFT troubles by delivering a straightforward and changeless record of the NFT all through its lifecycle, from its creation, development, adjustment, and capacity through its inevitable obliteration. PoV will contain a smart contract that will catch NFT data prior to creating an occasion hash and hashed data set chunk that will be approved and put away in a block on a decentralized blockchain like Ethereum. The information base chunk is an openly auditable log containing a different arrangement of information connected with content perspectives or NFTs. To lessen the information impression while guaranteeing that the information is unaltered, a Merkle hash tree will be used. The permanent and auditable nature of this openly available report is vital to its utilization in confirmation, precision, and validness.