Will Crypto Mining Survive Another Government Crackdown?

Crypto mining has been an environmental  issue that cant be over looked; World governments have tried to put a lid on it but still have an uphill battle as the popularity of crypto grows.

Will crypto be mining be able to last if the technology still impacts the earth on high levels ? Or will it mold with the time and adapt with the land before governments continue to attack Crypto currency.

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Crypto War With  Mining …

China has been in the for front of crypto bans and the war between the two parties only grows and gets more harsh. China slapped a ban on Bitcoin (BTC) mining, trading and crypto services,The Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate impact. A-lot speculation on other to follow such as turkey and India but one thing we know is china is a huge influencer impact on the way some countries operate to have them ban this is only going to inspire more to follow.

The problem with crypto mining is the carbon footprint it leaves on this planet and how it impacting the natural resources we have left.Currently, less than one-third of global electric power is sourced from renewables. If this share went fully toward cryptocurrency mining, perhaps it could lend it a semblance of sustainability, but it would be little more than a fig leaf.

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              BTC: BTC is currently the largest crypto  BTC-USD on TradingView.com

Grabbing At The Gold…

After chinas ban it didn’t take long for the US to become one of the leaders in crypto mining with Russia and many to follow, This could stem from each countries hunger to become the world leader and first on the crypto train. The United States sprung at the opportunity created by the Chinese ban to become the world’s new mining hub. In Asia, Kazakhstan and Malaysia are ramping up mining operations, as are Germany and Ireland in Europe and Iran in the Middle East, according to recent stats.

The effort to keep crypto mining chugging along is making for some very strange geopolitical bedfellows. Bitcoin was revolutionary when it came out in 2008. It paved the way to a new digital economy. Proof-of-work was a revelation in terms of decentralization and security, but its lack of efficiency presented us with a ticking time bomb. This bomb is going off now.

Finding a way to switch out the source and technology used to mine will help it stay alive we are watching and prolonging a demise that has been heaping for a while due to how aware and bug climate change is and the popularity and growth of crypto. Yes the United States is going hard but how long and when will they stop using coins like Bitcoin and look into more energy friendly  projects; we cant assure anything but only look at what’s happening around us as crypto gets big so will the demand and need that will keep mining going but also at war until a new solution is brought up.

Related Reading |Cardano Whales Double Holdings In 10 Days. Will This Stop The Onslaught?


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Bitcoin’s Plan To Fix The Crowdfunding Problem?

Crowdfunding has been around for some time now, and although it has been a hard time for some projects to gain funds, bitcoin could be the answer.

Let’s look at the root of the troubles and how crypto could potentially address them.

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The In’s and Outs…

Crowdfunding is a practice where you can donate money – including cryptocurrencies such as Bitcoin, Litecoin, and more cryptocurrencies – to projects, associations or people to develop ideas. It is a very powerful mechanism and tool for innovation and supporting social enterprises. Different platforms, such as Kickstarter and Indiegogo have not taken their foot off the brakes; the web 2.0 crowdfunding movement, which has led to the creation of several billion-dollar tech startups, like Oculus, and raised millions of dollars for thousands of causes, is ripe for development.

Crypto crowdfunding has the potential to be a network that connects people and their ideas. Today, crowdfunding is dramatically narrowed by its reliance on legacy finance, which limits the vast majority of the world from accessing it. Although this is good in theory, and has worked thus far, the major issue is the reliance on the legacy financial infrastructure, that is not only costly but globally fragmented.

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BTC: Bitcoin bouncing back after hitting all time high in November 2021. | BTC:USD tradingview.com

Most crowdfunding platforms are only found in 30 countries. To date, the costs of operating crowdfunding in this network are very high, due to the many mediating third parties involved. The average crowdfunding platform charges a 7% fee per successful project. Could crypto’s aggressive transaction fees beat out traditional competitors?

Crowdfunding & Crypto: A Pair Of Aces…

Many platforms have had a hard time with the tight reliance of legacy financial infrastructure; this has made some crowdfunding platforms move over to the “web 3.0” model.

One big example is Kickstarter, who has decided to move from its reliance on Stripe to creating its own crowdfunding protocol on other blockchains. This may make sense for equity-based crowdfunding, which can enable the platform and it’s users to invest in new companies and their ideas.

A prime example of these worlds coming together was just last year with Bitcoin Smiles, which raised roughly 1.8 BTC. Bitcoin Smiles was an initiative aiming to raise funds and provide free dental care to impoverished people living in rural areas of El Salvador. Another project that can be used as an example is Kivéclair, a development project that educates people about bitcoin in the Democratic Republic of the Congo.

Although these are only few examples of early crowdfunding in crypto, these do provide a valid source and hope that bitcoin can still rally through its community of caring bulls and bears.

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Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.


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Solana: A Quick Review And Look Ahead

Solana has had an amazing past 2 years as it became one of the fastest growing altcoins; in 2022, we see how they are doing what many tokens couldn’t and won’t be able to do.

Few fall in the same category as Solana, so let’s take a look at what’s taken the token here, and what may look ahead.

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Briefing Of Solana And It’s Rise During 2021…

Solana in short, is a public blockchain platform. It achieves consensus using the proof of stake mechanism. It’s internal cryptocurrency ticker is SOL. In 2021, Bloomberg journalist Joanna Ossinger described Solana as “a potential long-term rival for Ethereum,” citing superior transaction speeds and lower associated costs.

Last year was a pretty good year for Solana ($SOL) as many early investors saw upwards of 45,000% gains in 2021 – which propelled Solana to being a top 10 crypto. Altcoins had a booming year, and Solana was no exception. The project has a unique blockchain that uses ‘proof-of-stake’ coupled with ‘proof-of-history’. This means transactions are processed in order, which results in very quick, very low costs transactions.

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      SOLANA hit a 10% drop this past week. SOL-USD on TradingView.com

Solana also made headlines with Visa as they get ready launch their Fast Track program. According to a press release in recent months, Zebec is the first Solana-based project accepted to the Visa program, which has supported companies such as Stripe, Chime, and Crypto.com. Here’s what Sam Thapaliya, founder and CEO of Zebec Protocol, stated regarding the release:

“By joining Visa’s Fast Track program, exciting Fintechs like Zebec Protocol gain unprecedented access to Visa experts, technology, and resources. From payroll to investments, subscriptions, rewards and more, Zebec is completely reimagining every financial transaction by making it programmable and continuous. We’re thrilled to join with Visa to accelerate the process of bringing our innovative payment solutions to millions of users worldwide.”

The Good And The Bad..

Many investors are excited to see what Solana brings to the table, as recent studies show that a survey of 30 random crypto token holders, 10 held Solana’s token over bigger coins.

Despite high rising movement throughout 2021 for many of the biggest names in altcoins, 2022 has been a rough go for most if not all of the top altcoins on the market. SOL’s price has not been kind to bulls of late. Over the past nine trading days, SOL has dropped nearly 30% from the high of nearly $205. With that being said, the selling pressure at the highs was nothing compared to the buying pressure at the lows, and that is a sign of hope for the near future.

Related Reading | TA: Bitcoin Consolidates Below $45K: What Could Trigger Another Decline


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2022: The Year Of Crypto, Why Many People Are Going Digital…

2021 had many great things that helped pushed crypto into a new spotlight, but will 2022 be the year crypto finally makes it break through into many mainstream operations?

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Why Crypto?

Many people are starting to look into cryptocurrency as a way to make purchases, save money, make money, and invest in the long-term. Many things play into factor on why this is happening, but all the talk can’t disprove the numbers, and numbers don’t lie. With Bitcoin leading the way, the crypto has managed to out perform gold for the 3rd straight year. Could this come from the surge of digital assets as the world shifts to electronics or from inflation? One thing we do know is the S&P 500 index surged 28%, and gold dropped by 7% in the same period, marking the third consecutive year that Bitcoin has outperformed the two, according to a report by Arcane Research. This doesn’t mean bitcoin will hold more value than gold, but this does show how people are starting to shift from the old way of thinking and into a new uncharted territory via the web.

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The NFT Boom

NFTs have started to take over mainstream art, as collectors and investors meet in the middle to see the new rush. Non-fungible tokens, commonly known as NFTs, have started to gain more momentum – generating over $23 billion in trading volume – a frenzy away from less than $100 million recorded in 2020, according to data from DappRadar. This wave will likely continue as many artists and businesses start to join in; will this start a new wave of investors who only go digital?

We also know that in America, crypto was a hot topic for many people as it gained billions across the map. Investors in the U.S. made an estimated $4.1 billion in realized bitcoin gains in 2020, according to a new report by software company Chainalysis. 2021s numbers likely exceeded that as well.

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Digital Wallets Vs Banks….

Digital wallets allow you to store and transfer crypto funds like a bank account. Many offer substantial incentives and have aggressive interest rates, plus have physical cards you can use anywhere. Some 150 million American adults say they’ve swapped cash and credit for digital wallets at least once, and given the growth of hot wallets like Metamask, don’t be surprised to see that number continue to grow.

Not all digital wallets referenced are inherently crypto, but banks are starting to add these features to catch up. On top of all these numbers, Blockchain.com wallets, which enable the purchase of Bitcoin, reached over 70 million wallet users at the end of March 2021 – so we know things are growing.

As time continues on, we will unlock more statistics to see who will win the fight; and with the world facing a pandemic, many people are turning to these wallets in efforts to multiply investments to stay on top with trades. Can crypto be the future of economics, or will it step in line like many before?       

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What’s Beef? Reviewing The Historic Battle Of Ethereum vs. Cardano

In every sport or form of competition, we see established rivals come to life. In basketball, it’s the Lakers and the Celtics, in boxing we’ve seen the likes of Furry vs Wilder, and in hip-hop, we often hear about Nas vs Jay-Z. Today in the world of crypto we have had a melting pot, stuffed with all kinds of herbs brewing a beef.

One that was widely recognized, but that has slowly begun to fade is Ethereum and Cardano. Let’s take a look into the history of these blockchain giants.

What’s Beef: The History Of Ethereum and Cardano’s Connection

These two big dogs have a lot in common, and plenty of differences too – but the overall goal is to be on top of the blockchain in the end.

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Ethereum was created with the intention of becoming a global, open-source platform for custom assets and new kinds of economic applications. Considered to be one of the most ambitious blockchain projects to date, Ethereum seeks to leverage blockchain technology to decentralize products and services in a wide range of use cases beyond money. To date, Ethereum has seen a few distinct phases that have emphasized different aspects of its capabilities. In 2021, Ethereum solidified itself as the firm #2 player in crypto behind Bitcoin.

Cardano’s primary use case is to allow transactions in it’s native cryptocurrency, ADA, and to enable developers to build secure decentralized applications powered by it. However, Cardano differs from other blockchain projects by emphasizing a research-driven approach to design, aiming to achieve an academic rigor it believes will propel adoption of its technology.

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   Ethereum is one of the top coins in blockchain. | ETH-USD on TradingView.com

Invisible Strings & A Forgotten Past…

The founder of Cardano, Charles Hoskinson, started his blockchain journey in 2013. He founded an online school, called the Bitcoin Education Project, where he stumbled upon Ethereum’s own Vitalik Buterin. Not much longer, he became one of the eight original co-founders of Ethereum. After some dispute over whether Ethereum should become for-profit, Charles left Ethereum in 2014.

What makes this a real beef is not the fact that Charles left Ethereum, but how the marketing of ADA was directly targeting Ethereum. Dubbed the “Ethereum-killer,” ADA made a name for itself for quite some time as the coin to look out for. Many investors have been waiting for Cardano to take the thrown, but Ethereum has just stayed elating and on the rise – despite obstacles such as high gas fees.

Ethereum was blessed with the early start, and that has helped cement them in the position the blockchain is in today. The problem with ADA is the large amount of frozen contracts and staging drops; they face a wall of trying to get over the hump so they can finally do what many have waited for.

ADA has many game changing ideas, and contracts that can improve and help push the crypto further. Both ADA and ETH continue to have beef, but other emerging tokens have challenged ADA’s position lately as well.

Despite all of this, these two coins have been hot topics and coins to watch throughout the year, with both reaching all-time highs. Next year, and the years to come will be exciting as we find out who will go and who will stay. What’s beef!?

Related Reading |The Year Of Alt Season: Altcoins Dominate Market In 2021


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Elon Musk & Crypto: “How One Man Has All That Power”

Elon Musk has made himself known as an entrepreneur, eccentric personality, crypto investor as well as part owner and heavy endorsor of power-meme turned token, Dogecoin. He continues to continues to educate those on the wonders and dangers of crypto.

Let’s take a look at the history of Elon musk and crypto, particularly with Dogecoin.

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Behind The Scene Moves…

Elon has had his hand in many different projects – some that have hit, and others that look hopeful for the future. He has also been known as a influencer in what’s hot and what’s not, because of his power within social and mainstream media. Tesla owners have quickly established Apple-level brand loyalty.

Musk has single-handled tweeted and affected the way people invest in high volumes. He currently holds the positions of co-founder, CEO and/or chief designer at SpaceX, Tesla, OpenAI, Neuralink and The Boring Company. Theses innovative companies cover a wide array of verticals, from AI to infrastructure, aerospace, electric vehicle manufacturing, and neuro-technology. Musk was apart of the early online payment days with his hand in finding Paypal, one of the first online transaction companies. One project Elon has played a role in growing is Dogecoin.

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Latest price action on Doge coin : Doge-USD on TradingView.com

In April 2019, Elon Musk mentioned Dogecoin and his interest in being a doge-head, he said, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” The price of the coin went from $0.002 on April 1 to as high as $0.004 on April 4. Musk continued tweeting about DOGE, and even had other celebs like Snoop Dogg join in.

Musk has been known for his recent point of view on bitcoin, after being a holder – he exposed the threats and harms to the earth caused by bitcoin mining. These tweets caused controversy along with his in and out play with the fears of crypto. Some can say Musk was in part responsible for the 20% plunge Bitcoin went through, well as Dogecoin’s rise and drop after his SNL appearance. One thing we learned from Trump’s presidency, is the impact social media can have on the public today, and Elon has proved this theory right.  The way he has used social media as a tool to influence the way people look at things is amazing.

While some of it can be chance, if you look at the impact over time, it is clear that Elon has used Twitter and wielded influence that has impacted cryptocurrency. His following has shown that celebrities can play a role in exposing those projects to the main stream world to push crypto forward. Your mileage may vary.

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India: A Back & Forth Affair With Cryptocurrency

India has reportedly been set to ban all but a few private cryptocurrencies. What does it mean, and what could lie ahead?

Throughout the history of cryptocurrency, many countries have attempted to ban and limit access to coins and digital wallets. Some have had success for a small window of time, only to see it busted wide open when newer coins emerge and other countries join in. India has reportedly joined the list of people to go all out, as they are on track to ban all but a few private cryptocurrencies after the government announced on Tuesday it was introducing a new financial regulation bill. The back and forth affair with India and crypto continues.

A bill was recently presented, and sets to shake things up for many of big name coins in India. The ‘Cryptocurrency and Regulation of Official Digital Currency’ bill will create a facilitative framework for an official digital currency to be issued by the Reserve Bank of India, and that will look to ban all private cryptocurrencies, which includes Bitcoin and Ethereum.

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Let The Rain Fall Down…

Prime Minister Narendra Modi said earlier this month that “all democratic nations must work together to ensure cryptocurrency does not end up in wrong hands, which can spoil our youth.” It was his first public comments spoken directly on the subject. The law, which will be presented to the parliament in the next session, will allow exceptions to promote the underlying blockchain technology, according to the parliament bulletin. The statement was provided without further details, leaving many with more questions than answers. A pre-verification approach would create obstacles for thousands of peer-to-peer currencies that thrive on being outside the scope of regulatory scrutiny. Modi recently chaired a meeting to discuss the future of cryptocurrencies, amid concerns that unregulated crypto markets could become avenues for money laundering and terror financing, according to reports in recently weeks.

The new rules are also likely to discourage marketing and advertising of cryptocurrencies in order to dull their allure for retail investors, according to  an industry source who was part of a separate parliamentary panel discussion held on Monday.

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Status Check

The government could be looking to classify crypto as an asset class, as demanded by the crypto exchanges, rather than as a currency. A senior government official told Reuters that the plan is to ban private crypto-assets, ultimately while paving the way for a new Central Bank Digital Currency (CBDC).

The Reserve Bank of India, which has voiced “serious concerns” about private crypto, is set to launch its CBDC by December. Bitcoin, the world’s biggest cryptocurrency, is hovering around $60,000 (€53,000) and has more than doubled since the start of this year; this coin has the highest rank and is all over the world both for good and some bad. Many people have speculated billions in holding of crypto located in India and that has the government on high alert.

Will this be the start of countries ramping up regulation around crypto?


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Underdog Coins To Eye In 2022

Here are some underdog coins that could stay a bit under the radar until next year as the DeFi and NFT markets are in the spotlight this year. There are several noteworthy projects in these areas expected to gain traction in 2022, so it’s worth following them. We can also expect several new projects to emerge on the scene and shake things up.

Here are some coins to watch headed into 2022.

Solana (SOL)

One of the strongest altcoins in 2021 that went silent recently but can be expected to have steady growth in 2022 is Solana. It is built on a proof-of-history (PoH) consensus mechanism which allows the network to be more energy-efficient relative to many competitors. While many standard blockchains rely on a sequential production of blocks that require confirmation across the network, PoH allows validators to compute the state of the network from the ledger itself. The Solana protocol can depend on its own internal clock and sustain a throughput of more than 50,000 transactions per second.

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An under the radar coin that has started gain attention this year, this coin has seen an astronomical rise in the past few months. This could come from the several prominent dApps operating on the Solana network in the fields of DeFi, e-commerce, non-fungible tokens (NFTs), and gaming.  Solana has a market cap of $65 billion with average volumes of over $1 billion every 24 hours. It is in the top 10 currencies according to the daily volume. So while Solana might not be multibagger looking towards early next year, it offers hot sectors a product with substantial utility.

Look out for Solana to continue its massive gain as it ends the year with a bang.

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         Sol latest price action via trading view.com | SOL/USDT on TradingView.com

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Waves (WAVES)

Waves is a platform that can be used to build dApps, smart contracts, and new tokens. It utilizes a proof-of-stake (PoS) consensus WavesNG and the network’s native token, WAVES. The token is used as a reward and incentive for mining, payments, and voting. Since it’s an ERC-20 token, WAVES also makes Waves interoperable with the Ethereum network. Considerable projects are built on the platform, including a cross-chain network Gravity, DeFi platform Neutrino, and crypto exchange Waves DEX.

With a market cap of over $2.3 billion, WAVES token is strongly placed in the top-100 of crypto coins.

Terra (LUNA)

Our third project on the list is a respected and recognized coin by the name of LUNA. This base-layer protocol uses stablecoins pegged to the popular fiat rates, mot notably TerraUSD. LUNA acts as a reserved asset and helps to maintain the price of these stablecoins. In October, Terra underwent a Columbus-5 upgrade which enabled Inter-Blockchain Communication (IBC) standard to let users easily transfer LUNA, TerraUSD, and other assets from Terra, and making it interoperable with other networks. Immediately after this update, the price of LUNA token reached a record high of $49.43. The next month, a current all time high followed at $54.77.

We can never tell what will happen with these coins we can only be hopefully and see what is in front of us.


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Meet Web3.0: The New Internet, Blockchain Edition?

Web3 (also known as Web 3.0) is the idea of a version of the Internet that is decentralized and based on public blockchains. The concept has gained immense popularity in 2020 and 2021, with interest from cryptocurrency enthusiasts and investments from high-profile technologists and companies.

Now we get to see how things unfold, and what to expect on our journey in the new frontier.

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Web 3.0 has the potential to change how we use the internet. In this new era, navigating the web no longer means logging onto the likes of Facebook, Google or Twitter to connect with people. The web has been seen as a way to democratize access to information, but there weren’t always great ways of navigating it. It was pretty disorganized and overwhelming, and not what it is today with the endless amount of information at our hands.

What we know and describe as Web 2.0 arrived in about the mid-2000s. Platforms like Google, Amazon, Facebook and Twitter started to emerge and laid out a new way for the Internet by making it easy to connect and transact online with anyone at anytime.

        Bitcoin: Latest action from the top coin on the blockchain. | BTC-USD on TradingView.com

In Web3, data is stored in multiple copies of a P2P network. The management rules are formalized in the protocol and secured by majority consensus of all network participants, who are incentivized with a native network token for their activities. The Blockchain will be the backbone of the Web3, as it redefines the data structures in the backend of the Web. It introduces a governance layer that runs on top of the current Internet, that allows for two people who do not know or trust each other to reach and settle agreements over the Web.

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Bitcoin and similar blockchains introduced a method for each participant in a network to hold and transfer value in a digitally native format, without the need for trusted intermediaries. Web 3.0 will likely be at least somewhat decentralized, and built upon a system known as the blockchain, which already undergirds Bitcoin and other cryptocurrencies. Imagine it as a type of bookkeeping where many computers at once host data that’s searchable by anyone. It’s operated by users collectively, rather than a corporation. Instead of platforms, there will be DAOs. People are given “tokens” for participating. The tokens can be used to vote on decisions, and even accrue real value. These are some of the potential traits of Web 3.0 in full form.

This is great for making transactions and holding onto different wallets without having to worry about being tracked. That, on top of personal data constantly going to Google, Facebook and the like, means that Web 3.0 can provide mass potential, and still be the shade needed for transactions to occur with privacy. Until then, we will learn more about Web 3.0 as time goes on.


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Twitter Creates Team Specializing In Crypto And Decentralized Apps

Twitter is known for its ability to give anyone a voice. The social media monster is now taking a new approach to stay on top, and recently have established a dedicated ‘Crypto’ team, led by Tess Rinearson. She explained that the “new team is focused on crypto, blockchains, and other decentralized technologies” within the crypto world. Lets take a look at what Twitter has said thus far, and what they have in store for the future.

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Twitter’s team stated:

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We’re exploring ways to incorporate decentralized technologies into our products and infrastructure.

This will be a good way for the company to continue exploring payments and other ways for people creating content to earn crypto, and the “decentralization of social media.”

Rinearson pointed out that “Twitter truly ‘gets’ crypto,” referencing the company’s bitcoin tipping and non-fungible token (NFT) projects. “But there’s so much more to explore here,” she added.

“As I build out the team, we’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,” she continued, elaborating:

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First, we’ll be exploring how we can support the growing interest among creators to use decentralized apps [dapps] to manage virtual goods and currencies, and to support their work and communities.

In the future, the team will explore “how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.”

She finished up with this statement:

Twitter Crypto will underpin all of this work, and serve as a ‘center of excellence’ for all things blockchain at Twitter. We’ll be hiring for roles in engineering and product.

         Ethereum is used for most major blockchain transactions. | ETH/USDT on TradingView.com

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Twitter’s CEO, Jack Dorsey, is a longtime bitcoin supporter. He recently said that his other company, Square Inc., is focused on helping bitcoin become the native currency for the internet. He has outlined a number of initiatives that are focused on helping bitcoin reach a mainstream audience, while at the same time strengthening the network and ecosystem. One of the initiatives, and popular finance app Cash App, generated $1.82 billion of bitcoin revenue and $42 million of bitcoin gross profit during the third quarter of 2021.

Now, Twitter has set up a team to focus on “crypto, blockchains, NFTs, and other decentralized technologies — including and going beyond cryptocurrencies. The team will explore how it can “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.

This news is huge for the NFT market as many artists will be able to promote on a higher level, and more people will become aware of how none fungible tokens (NFTs) work. As Twitter’s new team steps foot in somewhat familiar territory, it will be good for the crypto community to have a huge powerhouse to back and acknowledge the power of crypto.


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