Crypto Guides, Knowledge & Insights

What is the SX Network?

The cryptocurrency community has numerous ideals that helped grow the market to over $3 trillion at its peak. These ideals include security, decentralization, and free markets and are now being upheld by SportX via the SX Network.　　To understand what the SX Network is we first need to look at SportX itself, which is a consumer-facing front-end prediction market application. It uses the SX Protocol, a set of smart contracts, to power and govern the non-custodial market.　　SportX is decentralized and members of its community vote and submit governance proposals. To do so, they must hold the SX Token, as it importantly defines who can vote on decisions that may impact the SX Treasury, which is an on-chain fee pool that receives 55% of all SX along with the fees generated by the SX Protocol.Understanding the SX Network　　Taking all of this into account, we get a bigger picture of the SX Network, which includes the SX Chain, the base layer for the network. The blockchain is an Ethereum Virtual Machine (EVM) compatible one in which users keep the same wallet address they did on Ethereum, along with the same token names, block explorers and wallets.　　SX Network is the first layer-two blockchain for

2022-01-31Deep Dive

Bitcoin Price Prediction: Analyst Lowers The Forecast

It‘s always a great time to be alive when you’re predicting the future of bitcoin. Panelists from various industries and fields have revised their predictions with us again, but they still think this cryptocurrency will hit new highs by 2022. Cryptocurrencies are not for the faint-hearted, but experts believe that record highs await us in 2022.　　Bitcoin has seen a significant drop in value this week, with prices currently sitting at around 50% of their all-time high. However, it has recovered slightly after reaching as low as $33K on Monday morning and is worth about $37K.　　Analysts are split on whether or when to buy, sell and hold cryptocurrency. However, more than half believe this is a good time for buyers, with only 45% disagreeing.　　It is interesting to see how different groups respond when given an investment opportunity. In this case, 29% of those surveyed said they should neither buy nor sell, while 10% thought investors should sell. Bitcoin Price Predictions　　By the end of 2022, experts from the top 33 fintech predict that the bitcoin price will reach an all-time high. The prediction is $93 717 – more than $20,000 higher than its current all-time high in November.　　Bitcoin price has managed to

2022-01-31Deep Dive

Crypto Winter: An Investor’s Big Fear…

It‘s been a challenging few months for crypto investors since Bitcoin fell from its all time high of 69k; on top of that, many coins have followed in BTC’s price action footsteps.　　The entire crypto market has shed more than $1 trillion in value since, and many experts believe more is to come and that this will not be the last of the wave; many people scramble to get a grasp onfwhats to come and if we will fall into another dreaded crypto winter.Cold World For Crypto…　　The entire crypto market has lost roughly $1 trillion in value since November, around the time of bitcoin‘s all-time high, and other tokens such as ether and solana followed the number one digital currency to trade sharply lower. Ethereum has more than halved in value since reaching its peak in November, while Solana has suffered an even steeper decline, falling 65 percent. Back in 2018, bitcoin went through what many now refer to as ’crypto winter, which saw witness to an 80 percent drop in bitcoin; could this be another case of the current price action　　BTC: Bitcoin fighting to break 40k after hitting all time high in November 2021. | BTC:USDtradingview.com　　David Marcus, the former head

2022-01-31Deep Dive

People Working At Bitcoin And Cryptocurrency Exchanges Can Earn More Than One Million Dollars A Year

President Job Biden told U.S. federal agencies to regulate cryptocurrencies, digital assets, Bitcoin, and NFTs. Biden maintains that regulating this fast-growing industry is so important that its become a “matter of national security.” Its an interesting point of time for this action as the crypto market is going through a tumultuous time, losing large amounts of value for its investors. 　　Regulatory bodies such as the Securities and Exchange Commission, the Commodity Futures Trading Commission, Internal Revenue Service, and FINRA will likely coordinate their investigations, audits and examinations. Theyll also review whether or not tokens should be considered and registered as securities. 　　So far the likelihood of regulation and the “The recent crash in the value of bitcoin and other cryptocurrencies has not yet affected the rich total compensation packages offered by cryptocurrency firms, according to an analysis by the professional social network Blind.”　　The compensation is highly competitive at cryptocurrency exchanges. They also tend to offer remote work options and other great benefits. Typical total compensation packages at Bitcoin and cryptocurrency exchanges usually offer employees equity, stock options, and restricted stock units— which could result in future windfalls if the firm does well. 　　According to self-reported salary data listed on Blind,

2022-01-31Deep Dive

ERTHA One of the Most Searched Play-to-Earn Tokens

Following a series of record-breaking IDO‘s and recent listings on two of the world’s biggest crypto exchanges Huobi Global and KuCoin, Ertha Metaverse has emerged as one of 2022s highest trending Play-to-Earn games.　　According to CryptoRank, Ertha ranked 2nd in its list of the ‘Most Searched Play-to-Earn Tokens’ during a 30 day period. The project generated an incredible 52,290 page visits, a 58.2% increase on the previous 30 days, and currently holds a market cap of $21 million. This can, in part, be attributed to its strong ties with some of the industrys top launchpads such as Seedify, GameFi, and RedKite and its Prime Listing on Huobi.　　A hugely successful token launch, coupled with the fact that Ertha‘s NFTs are getting snapped up almost as quickly as they can be released, means that prospective players shouldn’t wait long to get involved in one of blockchain gamings hottest properties.　　Sales of Erthas NFTs have greatly exceeded expectations. They recently passed the 20,000 milestone and show no sign of slowing down.　　2022 is set to the year that blockchain gaming finally enters the mainstream and Ertha will have a large part to play.Introduction to Ertha　　In Ertha, mankind finds itself on the brink of extinction. World leaders

2022-01-30Deep Dive

Marketing Trends Crypto Projects Should Pay Attention to in 2022

As a business active in the world of blockchain and cryptocurrency, figuring out the next marketing strategy remains crucial. Reaching a global audience requires an ongoing shift of ideas and plans to make the most of the tools at ones disposal. The following crypto marketing trends will shape the landscape in 2022.Metaverse and NFT technology are your friends　　Every business should pay attention to solidifying brand awareness in the metaverse and NFT industry. The metaverse will be the next frontier to tackle from a crypto marketing perspective. Establishing a presence in the virtual world will become as crucial as it is on the internet or in the real world.　　Moreover, metaverses give crypto projects a new start in targeting audiences through different methods. One example is the advent of GameFi protocols – a combination of gaming and decentralized finance within the same ecosystem. Metaverses provide the visual elements required for gaming while introducing users to decentralized finance concepts such as the popular play-to-earn model.　　Additionally, in-game items are created as NFTs – or non-fungible tokens – to introduce a degree of scarcity to every item, as they are all unique. Every user in the metaverse can acquire these NFTs to personalize their experience

2022-01-30Deep Dive

The New York Times calls crypto “the new subprime”

Economist Paul Krugman, writing for the New York Times, drew parallels with crypto and the subprime crisis of 2008.　　In his scathing opinion piece, Krugman made mention of the near 50% drawdown in total market cap from November 2021 highs, saying, its uninformed participants that are hurting the most.　　“But there‘s growing evidence that the risks of crypto are falling disproportionately on people who don’t know what they are getting into and are poorly positioned to handle the downside.”　　From that, he likens the subprime crisis with digital currencies, all the while seizing the opportunity to rehash debatable arguments, including cryptos part in money laundering and tax evasion.　　Krugmans main point centers around “excluded groups” getting into risky financial situations, to which they are neither prepared for nor have the financial security to bear.　　But what Krugman fails to grasp is why “excluded groups” are willing to risk it all in the first place.Subprime mortgage crisis　　The subprime crash is widely attributed as the trigger event for the 2008 global financial crisis.　　Multiple factors were at play, but the two most prominent were the rise in subprime lending by banks and the collapse of the U.S housing bubble.　　Subprime refers to a below-average credit classification due to bad

2022-01-30Deep Dive

Russia Will Not Ban Crypto; Here’s Why!

The Central Bank of Russia had proposed a blanket ban on crypto just recently, however, there has been a change of plans. The Russian Government has now initiated a formation of a roadmap that will be responsible for introducing restrictions on cryptocurrency.　　This roadmap in a way will facilitate an adoption with adequate curtailment of cryptocurrency, this will help to keep financial instability at bay. The roadmap is approved by the Russian Government and shall be presented to the public by the end of this year. This decision to introduce the roadmap goes against the Bank of Russias call to put a blanket ban on cryptocurrency. 　　The working group members were from finance, digital, and even interior ministries along with the Central Bank, FSB, and the security service department. The Deputy Prime Ministry, Dmitry Chernyshenko has approved the roadmap for cryptocurrencies.　　What this roadmap seeks to provide is a regulatory framework within which the cryptocurrency market would operate. It doesnt want to ban cryptocurrencies but instead intends to focus on current violations that the industry witnesses, along with keeping an eye on the functioning of various crypto platforms.What Exactly Do These Regulations Encircle　　The Central Bank, through this roadmap, believes in having a

2022-01-30Deep Dive

Cryptocurrency and NFTs: future economy or iffy investment?

If you‘re one of the few who have not heard of cryptocurrency or NFT’s, dont feel left out.　　Many are just now hearing about this new-fangled stock market and how it‘s made some people rich. It’s nearly impossible to browse social media now without seeing someone promoting a new cryptocurrency or NFT collection.　　So, what is it？ Cryptocurrency is basically a digital currency that fluctuates in a virtual stock market. People can convert their real money into a virtual form and use it to buy things or invest it in different online markets.　　It‘s called cryptocurrency because all of its funds are encrypted, meaning it’s more secure. Since crypto is in its own private market, all of its trading is disconnected from banks and governments, making it a very unique form of payment.　　The most popular form of cryptocurrency is Bitcoin. Bitcoin was the first cryptocurrency ever created and made many people into millionaires. Early bitcoin investors saw its market price skyrocket once it started gaining traction. Some bought one bitcoin for one dollar in 2011, whereas one bitcoin is worth about $37,000 now.　　Many other cryptocurrencies are trying to mimic that Bitcoin boom. Ethereum is another form of crypto that has been taking off

2022-01-30Deep Dive

Bitcoin price: How much and why has the cryptocurrency gone down?

Bitcoin price has been declining since November. During the last week, the cryptocurrencys also declined and reports say it was caused by the new US regulation of digital assets.　　Todays price of Bitcoin is 50% below its November high. From $69,000 in November, Bitcoin crushed its price value to $32,951 last week.　　Diverse cryptocurrencies have lost considerable value. For example, Ethereum, common crypto used by NFT collectors is at its lowest point since July.　　Ethreum dropped almost $1,000 in value in January.Main reasons　　The Biden administration is trying to develop a strategy to regulate cryptos due to national security challenges posed by Bitcoin.　　The Federal Government actions began a massive campaign for traders to sell their Bitcoin holdings.　　The Bitcoin prices are also affected by US Federal Reserves policy changes.　　Jerome Powell, Federal Reserve Chair, said the Federal Open Market Committee will increase the double monthly rate, reducing asset purchases.　　The Federal Reserve took those measures to control inflation and the negative impact on the prices of Bitcoin.　　Also, geopolitical conflicts can alter the market in negative ways. Also, geopolitical conflicts can alter the market in negative ways. Ukraine and Russia are accumulating vast tensions worldwide.　　Alexander Mamasidiov, co-founder of the mobile digital bank MinePlex, told The Independent “many investors

2022-01-30Deep Dive

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