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Structured Blockchain Data With Covalent

Blockchain technology is becoming increasingly complex and precise, timely data is quickly becoming a valuable commodity. The primary catalyst for this expansion is DeFi and the rapid innovation happening in the space. Beyond inflated gas prices on the Ethereum network, DeFi also contributes to data congestion. Developers looking to create products, services, or protocols face a real issue. Blockchain data is messy, disorganized, and bringing it to an effective structure is challenging for the best of engineers. In other words, developers need sources of accurate data and solutions that help them quickly organize data.  Covalent eliminates the troubles of connecting…

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Dead Markets? New Crypto Projects Show Consumers Still Confident in the Industry

The cryptocurrency industry, for all its merits, has never been a conventional one. Blockchain, the technology upon which the industry is built, is unlike anything seen previously. Bitcoin, the world’s most popular cryptocurrency, was created against a backdrop of criticism towards the existing financial system. For years, mainstream firms and governments ignored the industry, either discriminating against it or failing to pass laws.  But the industry is resilient. Within a decade of the creation of Bitcoin, the number of crypto users has exploded, more laws have been formally announced to regulate the industry, and firms like JP Morgan and PayPal…

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Your Fast Track Guide to Profiting with Cryptocurrencies

As you may have already heard, cryptocurrencies have a record of being one of the most profitable investment classes of all time. After all, the cryptocurrency market has exploded from $4 billion to over $350 billion in the last five years, while cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) have appreciated by well over 10,000% apiece, while some lesser-known assets have gone even further. However, though cryptocurrencies have eclipsed every other asset class in terms of percentage appreciation in recent years, most people are still missing out, due to the misconception that cryptocurrency investments are only accessible to…

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Top 5 tokens for Staking in 2020

If you know how Bitcoin works, you probably are well aware of the fact that every blockchain uses some kind of consensus mechanism for transaction validation. Some of the most commonly used consensus mechanisms are Proof-of-Work (PoW) and Proof-of-Stake (PoS). Whosoever participates in the process of transaction validation is incentivized.  Enter staking: On a proof-of-stake blockchain, the token holders can actively participate in transaction validation and the process is known as staking. Anyone with a minimum-required balance of a particular PoS cryptocurrency can participate in transaction validation and can earn rewards. In simple words, it is just like receiving interest…

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Here Are 3 of the Highest Yielding Staking Coins

Cryptocurrency staking is all the rage in 2020 and more people than ever before are getting in on the lucrative industry that provides safe, stable returns for those willing to temporarily lock their assets up to earn staking rewards. But not all cryptocurrencies are built equally when it comes to the profitability of the practice. Some offer modest returns but have experienced impressive price appreciation, while a handful of others offer a flat out incredible APR. If you’re looking to get involved in the industry, here’s three of the highest-yielding staking coins out there right now to take a look…

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Algorand: The Dark Horse of Crypto World

Introduction Ethereum continues to be the de facto choice for most crypto projects. However, its scalability limitation and overcrowding have forced many crypto projects, especially the DeFi ones, to seek other alternatives. Though there are several capable and attractive blockchain solutions available, Algorand has rather quickly grabbed many projects’ attention. Besides new projects opting for the ecosystem, older ones included Algorand realizing its potential. And Algorand is proving them right with regular essential feature updates. The Underlying Technology of Algorand Algorand employs the Pure Proof-of-Stake (PPoS) consensus mechanism, which is stake-independent, assuring equal selection chance. The block producers and validators…

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Three Blockchain Infrastructure Projects You Should be Following

Since Bitcoin was first unveiled in 2008 and the first blockchain went live shortly after, the number of use cases for the technology has expanded immensely. As the potential for the technology was recognized and the number of potential users grew, a variety of infrastructure projects appeared, promising to bring blockchain to the masses and make building new blockchain applications easier than ever before.  Here are the three we think may be on the brink of achieving just that.  Cypherium Billed as an enterprise-ready blockchain, Cypherium is designed to resolve some long-standing issues with blockchain technology, by bringing a massively…

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A Powerful Pairing: Upbots and FTX to Disrupt the Space

The cryptocurrency derivatives trading platform FTX has made a lasting imprint on the cryptocurrency trading space since its launch in May 2019. It is one of the biggest crypto derivatives exchanges, with more than USD 1.5 billion in trading volume over 24 hours and more than USD 565 million in open interest over the same period as of the time of writing. Now, they’re looking to complete a strategic partnership with the up-and-coming trading platform Upbots and bring trading into a new era. Upbots: A One-Stop Shop for All Things Trading Ever since cryptocurrency trading entered the stage, there has…

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Dfinance – A Layer 2 Blockchain Network built for DeFi

Dfinance is a purely decentralized layer-2 network offering the infrastructure to create various financial instruments and DeFi tools with no technical skills required. It is a new project by Wings Stiftung Foundation who developed the WINGS DAO protocol – a decentralized forecasting platform for handling due diligence and price discovery. The team has since moved on from DAO to the Dfinance ecosystem. The Need for the Project The Dfinance team identified two disconnected worlds – traditional finance and DeFi. One is with vast financial knowledge yet very minimal or almost zero technical skill to show their creativity. One the other…

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Yearn Finance Added to Cryptocurrency Reward Platform StormX

The popular online cryptocurrency micro-tasks and shopping rewards platform StormX has just added Yearn Finance (YFI) to its list of supported cryptocurrencies, allowing users to withdraw their micro-task reward and shopping cashback balance in YFI. Launched in 2014, StormX was built with the aim of making cryptocurrencies more accessible to everyday individuals, by allowing them to earn a variety of cryptocurrencies as a reward for completing simple micro-tasks or shopping with any of the hundreds of StormX-approved online retailers. Having gained more than 90% in the last 2 weeks and 380% in the last month, Yearn Finance is currently regarded…

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Traders Walk Away With $1.27M Prizes at Bybit’s Trading Competition

Cryptocurrency traders competed for a combined prize pool of $1.27 million at Bybit’s World Series of Trading (WSOT) tournament, which concluded on August 31. The world’s largest cryptocurrency trading event drew massive participation and saw a 100 BTC prize split, mostly between three winning teams. Bybit’s WSOT Splits $1.27M Between Prize Winners The tournament attracted 12,368 participants grouped into 135 separate teams, with the winning team, South-Korean based W.T.C, taking home a 35 BTC first prize. One individual from the winning team, ‘junki84,’ racked up personal gains of 5,242% during the 20-day trading marathon. The same trader topped the leaderboard…

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Multimine’s User-Friendly Platform Aims at Making Everyone to Start Mining Regardless of basic Knowledge

With so many competitive cloud mining companies currently in existence, crypto mining has proven to be one of the hottest businesses of the year. While there are so many genuine cloud mining companies offering appealing features for independent miners, have in mind that there are scammers who appear as real mining companies looking for opportunities to rip miners of their hard money. As independent miners looking for reliable cloud mining companies, it’s advisable that you do your research before opting for cloud mining platforms. And even if you are still inexperienced and you are passionate about making money from mining,…

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Polkadot’s New DOT Token Storms into Top Ten

Polkadot’s new DOT token has become a top ten token within days of its official redenomination. With a market capitalization currently around $4.2 billion, Polkadot is now placed at a higher value than many of its longer-established competitor platforms, including EOS, Tezos, and Cardano. The launch of the Polkadot mainnet has been one of the most hotly anticipated events in the blockchain space this year. Interoperability has been a significant focus area for 2020, with the dawning recognition that the Chinese walls between existing blockchains such as Bitcoin and Ethereum aren’t necessarily sustainable as the sector grows.  In contrast, Polkadot…

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Developers Encouraged to Get Busy Building with Proton Open SDK

Fiat-crypto payment platform Metal Pay recently announced early beta releases of Proton Open SDK and plans for a phased roll-out. The goal? To compel outside developers to opt-in and start creating a new way to use money. Like many projects before it, Proton’s lofty goal is to bridge the gap between the worlds of crypto and traditional finance. But there are signs that it stands a better chance of achieving its aim than many of its predecessors. A Major Merger and a New Kind of Twitter Following May’s landmark merger between Metal and dApp developer Lynx, not to mention the…

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Bybit’s WSOT Competition Launches with 12,000 Traders Gunning for 100 BTC Prize

The world’s largest cryptocurrency trading competition has kicked off in a blur of publicity. Bybit’s World Series of Trading (WSOT) has captivated the cryptosphere on account of its 100 BTC prize pool, currently worth over $1.7 million. An additional $90,000 in USDT is up for grabs. 12,368 troopers have signed up to compete in the event, which is the largest of its kind. The event kicked off on August 10 and the fortunes of teams and solo traders competing in the event will be detailed on the competition leaderboard. To inject some glitz into proceedings, Bybit has positioned WSOT as…

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3 Crypto-Friendly Places to Visit After the Lockdown Ends

In a time where the coronavirus pandemic has ruined travel plans for millions of holiday-goers and businesspeople, the cryptocurrency market has witnessed a striking recovery. Now, most prominent cryptocurrencies are trading at or close to their highest value this year, and are showing few signs of slowing down. As a result, successful traders are now likely in a substantial profit, while long-term holders are also doing well. As the economy and borders begin to reopen, here are the three crypto-friendly that are worth visiting.  Switzerland and Scandinavia Widely regarded as one of the most forward-thinking countries on the planet, Switzerland…

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NEM: Future of Blockchain-Based Enterprise

NEM (New Economy Movement) is a blockchain-based technological platform that seeks to set the path for an efficient way of managing assets effectively and efficiently and at a low cost. A global brand for the public ledger that focuses more on enterprise solutions since 2017 is set on a course to fully achieve this aim with its various solutions, topmost of this, is the release of the Symbol network, an enterprise-ready blockchain, this year.  Released under the NEM network, Symbol poses as the connector and bridge for developers, businesses and enterprises, it is the secure, trusted value exchange for business…

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Summer’s Hottest Crypto Exchange Giveaways and Competitions

This summer, crypto exchanges are upping the ante. In a bid to stand apart from the competition and lure in traders from across the globe, several big-name exchanges are launching trading contests and other giveaways. Many of these are offering generous prize pools, providing the opportunity to get your hands on some free BTC and other cryptos. Here’s a round-up of some of this summer’s exchange giveaway events to mark in your calendar.  Bybit – World Series of Trading Bybit has form when it comes to launching trading contests with big-prize giveaways. The Singapore-based derivatives platform launched a “BTC Brawl”…

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NXT Blockchain Developer Takes Apollo to Court for Copying Its Code Without Attribution

Crypto is headed to the courts next month when lawyers for NXT developer Jelurida will present their case against copycat chain Apollo. A lengthy writ of summons outlining the case against Apollo cites repeated violations of the open-source licensing agreement, primarily involving failure to credit Jelurida as the code’s creator. In a final attempt to obtain the attribution it is owed, Jelurida has now taken the matter to the Dutch courts to arbitrate. The case isn’t the first time Jelurida has been compelled to fight to obtain credit for its creations, incidentally: it’s also been caught up in a spat…

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NXT Blockchain Developer Takes Apollo to Court for Copying Its Code Without Attribution

Crypto is headed to the courts next month when lawyers for NXT developer Jelurida will present their case against copycat chain Apollo. A lengthy writ of summons outlining the case against Apollo cites repeated violations of the open-source licensing agreement, primarily involving failure to credit Jelurida as the code’s creator. In a final attempt to obtain the attribution it is owed, Jelurida has now taken the matter to the Dutch courts to arbitrate. The case isn’t the first time Jelurida has been compelled to fight to obtain credit for its creations, incidentally: it’s also been caught up in a spat…

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