PLUS1
DeFi
What Is Wrapped Bitcoin (WBTC)? All You Need To Know
05 Jul 2022 @ 05:39
Wrapped Bitcoin is an ERC-20 token. ERC-20 is an acronym that stands for Ethereum Request for Comment. Wrapped Bitcoin is an Ethereum ERC-20 token fully supported by Bitcoin. This is a way the Ethereum network offers Bitcoin holders the opportunity to take part in the rapidly expanding Defi ecosystem. Although Bitcoin is the first cryptocurrency, other Defi networks that came after bitcoin have...
Bill Gates Seems Disturbed, Should You Also Be Disturbed?
04 Jul 2022 @ 07:16
In a recent interview with Bill Gate, he remarked on NFTs. He cited ‘the Board Ape NFTs as an example, he said these electronic arts are based on Ponzi schemes (the greater fool theory). His critical views about NFTs cannot be overlooked judging by the kind of person Bill Gate is. Bill Gates, the fourth […]
Electricity Consumption Drops By 50% As Crypto’s Value Nosedives
28 Jun 2022 @ 17:18
Miners on blockchain networks are facing the hard decision of shutting down operations as the price of tokens is no longer sustainable for operations. Bitcoin and Ethereum need a high amount of power supply for a mining operation. The implication of this is the high cost of power. A very good chunk of the amount […]
The Utilities of Cryptocurrencies and Blockchain in the Real World
27 Jun 2022 @ 10:12
Some are of the notion that crypto is just overhyped, that it is of no or fewer uses. Some believed that crypto being a virtual currency has very limited uses. However, the truth is that there are many uses of crypto in the real world. And as technology advances, there are many innovative possibilities for the usage of crypto in day–to–day activities. These are very few of the uses ...
8 Things I Wish People Had Told Me About Being A Trader
23 Jun 2022 @ 14:49
Not everyone will be happy for you. The tall poppy syndrome is alive and well. Be careful who you share your dreams with, especially early on in your trading career. A dream is the most fragile when it is first birthed. Trading sounds glamourous, but it isn’t. The best traders follow the same routines day […]
A Dogecoin Investor Drags Elon Musk Into A $258 Billion Lawsuit
21 Jun 2022 @ 12:20
An American crypto investor by the name of Keith Johnson has filed a $258 billion lawsuit against Elon Musk at the federal court in Manhattan. He claimed that Elon Musk has used his influence as the world’s richest man to push and promote Dogecoin when it has no value. He alleged that Dogecoin is a […]
Struggling XRPUSD Experiences A Slight Drop In Price
20 Jun 2022 @ 08:10
Since the 15th of May, after the steep price crash, Ripple has been struggling; as its price action ranges sideways. Between the 10th to the 13th of June, we witnessed a slight, daily consecutive drop in price From $0.40857 to $0.31056. SUPPORT LEVEL: $0.3328, $0.29560, $0.28164 RESISTANCE LEVELS: $0.41653, $0.45513, $0.44444 Readings From Indicators The […]
Ethereum’s Consideration Of An Alternative Mode Of Operation
14 Jun 2022 @ 07:54
Rapstan is an Ethereum experimental network (testnet). It was created to afford Ethereum Network an opportunity for a safe future transition from Proof-Of-Work to Proof-Of-Stake. Initially, Ethereum is operating on proof-of-work to mine new coin. PoW has a lot of problems attached to it, and that is why innovators came up with a new design […]
The Difference Between Proof-Of-Work and Proof-Of-Stake
13 Jun 2022 @ 08:39
One of the challenges of cryptocurrencies is the consumption of a high amount of electric power. Powerful computer systems need a high amount of electrical power for mining new coins. Proof-of-work came into existence in 1993. It was created to solve the problem of spam emails. Proof-of-work was adopted by Satoshi Nakomoto (the founder of […]
Bitcoin’s Bullish Efforts Seem Pegged Around $30K
06 Jun 2022 @ 06:57
It is going to almost a month now as BTC/USD seems to be unable to break away from the $30,000 area. After the incident of BTC’s crash in May, the price action appears to be performing on a sideway pattern. The consolidation is around the $30,000 area. As at the time of writing this analysis, the price action is at […]
