USDC Flips Tether on the Ethereum Network

The total supply for USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time.  Circles USD Coin (USDC) has reached a major milestone by surpassing Tether (USDT) in total supply on the Ethereum network.  USDC‘s current supply on Ethereum as of writing is 40.06 billion tokens, just ahead of USDT’s supply of 39.82 billion.  Tether has been the most popular stablecoin since at least 2016, after originally sharing the market with BitUSD and NuBits (USNBT) stablecoins when it launched in late 2014. At that time, USDT ran on Omni. As the latter two fell into obscurity due to losing their dollar peg and shedding users, USDC emerged in 2018 as a more transparent and more regulated competitor to Tether, which has been under a cloud for years due to doubts over its backing.  Although USDT is still the most popular stablecoin with a total supply of 78.5 billion, nearly 50% of the supply or 38.7 billion tokens, is on the Tron network. USDT can also be found on BSC, Solana, Huobi ECO Chain, Avalanche, Polygon, and 13 other chains or layer 2 solutions.  The current total supply for USDC is 45.7 tokens across 21 chains or

2022-01-19Malalim na Pagsisid

All in on Solana: Is Mike Tyson Trying To Pump The Poject

American former professional boxer Michael Gerard Tyson has recently stormed into the crypto-verse. He had recently stated that he was,  “All in on Solana”  On 16 January, when he took to Twitter to discuss SOLs price, many of his followers responded, not so pleased with his endorsement. While some thought that he is trying to “pump” the project, others thought SOL is way too “overpriced.”  Notably, at the time of writing, SOL was trading at $150.5 with over 5% in weekly gains. This came after a 15-week low seen on 10 January. But, it is worth noting that Solana entered the Top five cryptocurrencies by market cap only in the last quarter of 2021.  After all, it was one of the few tokens to clock gains of over 10,000% in their price along with names like Fantom, Terra, and Polygon, as per CoinGecko.  Having said that, Bank of America analyst Alkesh Shah also recently noted that Solana could take away Ethereums market share.  In the note, Shah cited Solana Foundation member Lily Liu and stated,  “[Solana] produces a blockchain optimized for consumer use cases by prioritizing scalability, low transaction fees, and ease of use.”  Further reiterating that Solana could become the Visa of the digital asset ecosystem, due

2022-01-18Malalim na Pagsisid

What is the Ethereum Virtual Machine?

One of the most important pieces of the Ethereum Ecosystem lays the groundwork for a myriad of blockchain developments.  What is the Ethereum Virtual Machine  The Ethereum Virtual Machine (EVM) is responsible for powering most of the blockchains that exist. The EVM is a complex phenomenon that is likely what most of us think of as Ethereum itself. It is considered to be the part of Ethereum that executes smart contract deployment.  The EVM is at the center of the smart contract revolution and is a key reason why the EVM processes billions of dollars daily. The EVM can be thought of as its own environment, a place where smart contracts and blockchain addresses exist and manifest.  At its most simple, the EVM is a decentralized CPU; the EVM is the function of the current state of Ethereum. The current state of the Ethereum Virtual Machine is the collection of the blockchain processes linked and coded into the mainnet.   The EVM gives a readout––a snapshot––of the current state. The state of the machine is in constant evolution, changing with each and every new smart contract execution. At any one point, a snapshot could be made to view and ‘define’ what the Ethereum canonical state

2022-01-18Malalim na Pagsisid

Crypto Job Posts on LinkedIn Rocketed 395% in 2021

Job postings with terms like “Bitcoin,” “Ethereum,” “blockchain” and “cryptocurrency” grew 395% in the United States last year.  It wasnt just a bull run for prices last year. Careers in crypto outstripped price action in 2021, as crypto job searches soared by 395% in the United States alone, according to LinkedIn.  Crucially, the crypto industry outpaced the wider tech industry, which also saw remarkable development, almost doubling its number of job listings. However, at 98% growth, the tech industry dwindles in comparison to crypto jobs, which gained by a whopping 395%.  Furthermore, no industry was safe from “crypto-ization” in 2021. The LinkedIn News post offered valuable insight into crypto influencing other industries:  “While most of the job postings were in software and finance, other industries are also seeing a rise in demand for crypto talent. These include professional services like accounting and consulting, as well as the staffing and computer hardware sectors.”  For 2022, the growth trend looks set to continue. The biggest exchanges in crypto are brimming with job posts; Coinbase has over 250 openings, Kraken over 300, and the worlds most active exchange, Binance, lists more than 600 job posts.   For Bitcoiners and Bitcoin (BTC) maximalists, there is a new resource — Bitcoiner

2022-01-18Malalim na Pagsisid

Indonesian Boy Ghozali Makes Bank Selling a Thousand Selfies as NFTs on OpenSea

Ghozali Everyday is one of the latest NFT collections that garnered a lot of attention. It consists of daily selfies taken by a 22-year-old Indonesian student.  The NFT space continues to thrive, with new collections making headlines every week. Now, a 22-year-old Indonesian boy managed to sell almost 1,000 selfies that he took over the past five years as NFTs on OpenSea.  Ghozalis NFT Drop  Sultan Gustaf Al Ghozali is a 22-year-old Indonesian from Semarang, studying computer science. A few years back, he decided to start taking selfies every single day, and in the years between 2017 and 2021, he took over a thousand photos.  According to his official Twitter account, his goal of “taking pictures of myself for five years is just for this video.” The video in question is for when he graduates college.  However, with the advent of non-fungible tokens (NFTs), Ghozali had the idea of minting these pictures into NFTs and selling them on OpenSea.  This tweet from January 10th, 2022, shows that he had started uploading his photos on OpenSea at the price of 0.001 ETH each.  And while the project might be devoid of any profound artistic value, the floor price currently sits at 0.42 ETH, and Ghozali Everyday, as the

2022-01-17Malalim na Pagsisid

This Solution Could Solve The Problem Of Expensive Axies

In 2021, Axie Infinity [AXS] made headlines for several months as the play-to-earn metaverse game swung into the GameFi space like a storm. Thus, building up a community of super-engaged players and investors. In late 2021 and early 2022, however, the fizz seemed to have left Axie Infinity. For their part, experts pointed to reasons ranging from rival games to ]Axie Infinitys own ecosystem.  That said, the Axie Infinity community released a January development update. It can be ascertained in short, changes are coming ahead.  Updates: Gotta catch em all  Apart from sharing some art and character backstories for its most loyal players, the newsletter issue mentioned that development was ongoing for the “Project K trading feature,” which will reportedly let players trade items within the game. However, this could take over a month to build.  Coming to the games general growth, the newsletter noted,  “Growth has been moderate recently as the community gears up for a flurry of catalysts and launches in 2022.”  It also added that the team was working on Axie Infinity: Origin, which is meant to entice users with free Axies to start playing. Users had previously complained that buying Axies to enter the game ecosystem was expensive.  Whats more, the team admitted

2022-01-17Malalim na Pagsisid

Walmart Drawing Up Plans To Enter Metaverse, Create Cryptocurrency

Walmart Inc. is preparing to create its own cryptocurrency and collection of non-fungible tokens, filings with the U.S. Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse.  The retailer sought several new trademarks in December that show it intends to make and sell virtual goods such as electronics, decor, toys, sporting goods and personal-care products.  The applications, which were first reported by CNBC, represent a significant step for the retail giant as it studies how to participate in the metaverse, a virtual world that blends aspects of digital technologies. Walmart in August advertised a position to develop “the digital currency strategy and product roadmap” while identifying “crypto-related investment and partnerships,” according to a job posting on the companys website.  The applications were among a flurry the company filed on Dec. 30, including three under “Walmart Connect” -- the name of the company‘s existing digital advertising venture -- for a financial exchange for virtual currency and advertising. Applications also were filed for “Verse to Store,” “Verse to Curb” and “Verse to Home” for shopping services. It’s also seeking trademarks to apply the Walmart name and “fireworks” logo to heath-care services and education in virtual and augmented reality.  “Walmart

2022-01-17Malalim na Pagsisid

Tether Freezes Over $150M+ Worth Of USDT Stablecoin

Tether has been one of the biggest question marks in crypto in recent years, and that hasn‘t changed as adoption has grown. Decentralization has been a hot topic, and while the word itself isn’t mentioned once throughout Satoshi Nakamotos Bitcoin whitepaper, it is a core identity that has been latched on to bitcoin, and crypto in general, since near inception.  Of course, decentralization is the core component of just one of many question marks around Tether. However, this week the spotlight is on just that, as Tether announced that roughly $160M worth of stablecoin USDT would be frozen. Lets look at what we know.  Tether Faces Scrutiny Around Decentralization  Three Ethereum-based USDT addresses, holding north of $150M, were frozen this week, according to Tether officials, as the blockchain cited the move due to “a request from law enforcement.” The blockchain has now blacklisted over 560 addresses since November 2017. It was the first blacklisting maneuver from Tether in 2022.  Tether representatives have previously stated that “through the freezing of addresses, Tether has been able to help recover funds stolen by hackers or are compromised,” leading to heated debates in the crypto community – one that has largely embraced decentralization – over what degree of

2022-01-14Malalim na Pagsisid

A North Korean Hacking Group Is Targeting Crypto Startups

The North Korean group used has used prolonged phishing attacks to gain the trust of companies.  BlueNoroff, a North Korean hacking group, is now primarily targeting crypto startups, according to a report from cybersecurity firm Kaspersky.  BlueNoroff Is Solely Targeting Crypto Startups  The North Korean hacking group known as BlueNoroff is almost exclusively targeting cryptocurrency startups, according a new report from Kapersky.  BlueNoroff is a hacking group with ties to the larger crybercrime group Lazarus, which has been known to have strong ties with North Korea in the past. It initially targeted banks and the SWIFT payment network, beginning with an attack on Bangladeshs Central Bank in 2016.  But now, BlueNoroff has “shifted [its] focus…to solely cryptocurrency businesses” rather than traditional banks, Kaspersky says.  According to the report, the hacking group has historically begun each attack by “stalking and studying successful cryptocurrency startups” through prolonged phishing campaigns involving emails and internal chats.  BlueNoroff has impersonated several existing cryptocurrency businesses including Cardanos commercial arm, Emurgo, and the New York VC firm Digital Currency Group. It has also impersonated Beenos, Coinsquad, Decrypt Capital, and Coinbig.  Kaspersky noted that those companies were not compromised during the attacks.  Hackers Would Use Backdoors  After gaining the trust of the targeted startup and the members, the

2022-01-14Malalim na Pagsisid

The Sandbox ($SAND) Mega City LAND Sale

A new LAND sale is launching around “Mega City”, which is a new neighbourhood in Ethereum-powered metaverse “The Sandbox”.  What Is The Sandbox?  The Sandbox is a subsidiary of Animoca Brands.  Animoca Brands, which was founded in January 2014 by Yat Siu and David Kim, and its various subsidiaries “develop and publish a broad portfolio of blockchain games, traditional games, and other products, many of which are based on popular global brands, such as Formula 1®, Disney, WWE, Power Rangers, MotoGP™, and Doraemon. Animoca Brands is also a prolific investor with over 100 investments in NFT-related blockchain companies, including Sky Mavis (Axie Infinity), Dapper Labs (NBA Top Shot), OpenSea, Harmony, Bitski, and Alien Worlds.”  Here is how Binance Research described The Sandbox back in August 2020:  “The Sandbox is a virtual world built on the Ethereum blockchain, where players can build, own, and monetize their gaming experiences… The SAND token is an ERC-20 utility token that is used for value transfers as well as staking and governance… Players can create digital assets in the form of Non-Fungible Tokens (NFTs), upload them to the marketplace, and integrate into games with Game Maker.”  And here is the how The Sandbox team describes SAND and LAND:  “SAND is the utility

2022-01-14Malalim na Pagsisid
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