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Blockchain Business DeFi News Technology

Decentralized blockchain will be beyond finances

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Decentralized Blockchain Will Be Beyond Finances

To be the long run lifeline of industries, blockchain technical schoolnology must embrace the old school quality of interconnectivity.

“Yahoo users won’t be ready to act via mail with Google email (Gmail) users,” — If tomorrow’s headlines seemed like this, the world would return to a halt. This headline shall ne’er see the sunshine for all the proper reasons. However, blockchain tech and its favorite son, redistributed finance (DeFi), are heading towards this rabbit hole.

Siloed blockchains with no window for external communication are dominating the emerging space. Interconnectivity is elementary and synonymous with the primitive human quality of being social. From the times of the barter system, transfer and exchange are the 2 core practices on that the globe has been built.

Networking among blockchains and therefore the want for IBC
Currently, blockchain applications and the DeFi juggernaut are nothing however a balkanized cluster of solutions failing to understand their true potential. To resolve this concern, blockchain networks have to be compelled to greet with alternative networks and be hospitable a sovereign network of interconnected blockchains.

The Inter-Blockchain Communication (IBC) protocol shall facilitate this shaking of hands. It lays the platform which will transfer knowledge across completely different networks and facilitates the cross-chain transfer of assets and tokens. And since IBC may be a blockchain agnostic protocol, it’s no native network and offers an unbiased resolution to the whole world of blockchain solutions.

Major blockchains, like Bitcoin and Ethereum, are siloed while not a transport layer. This limits their capabilities. Imagine Bitcoin having the ability to power Ethereum-based good contracts in an exceedingly permissionless manner. Had this been so, users would are ready to embrace the unbounded practicality of Ethereum’s smart contract aboard the world’s widespread currency in Bitcoin (BTC).

Related: A multichain approach is that the way forward for the blockchain business

Also, Ethereum’s measurability considerations are a testament to why siloed blockchains want Inter-Blockchain Communication. By creating networks interoperable, transactions is parallelized to avoid network congestion. exploitation IBC, Ethereum will validate transactions quickly with fewer gas fees, attracting a lot of folks to use the network and its applications.

Moreover, blockchains seeking to be enterprise-level solutions need IBC and ability to cater to their purchasers at scale. By facultative cross-chain transactions, networks like Ethereum and Bitcoin can get pleasure from institutional adoption. How? To date, these networks work on the probabilistic conduct of transactions, i.e., the determinateness of blocks. however with IBC, chains and peg-zones is accustomed guarantee finality.

With blockchain technical school jealous of revamping the operating of big industries like provide chain and healthcare, IBC injects a beverage of responsibleness into the technology and its solutions.

previous efforts to attain IBC were in collaboration fragmented
Inter-Blockchain Communication and ability aren’t novel ideas within the blockchain world. Efforts to achieve them are in the talks for years currently and there have been multiple comes operating towards connecting completely different blockchain networks. however the projects championing interconnectivity were themselves fragmented as their approaches, styles ANd use cases differed.

Protocols like Cosmos with its Tendermint core, Polkadot and Chainlink have championed IBC and ability in their solutions. The emergence and adoption of those solutions are an enormous stride towards an practical future.

Blockchain agnostic and omnichain is that the manner forward
Moving forward, exclusivity are the largest enemy of blockchain tech. In times of decentralization and community-first approaches, exclusive networks tread a dangerous path. Protocols should embrace IBC and supply solutions at scale.

Besides desegregation IBC, 2 weapons with that future protocols will equip themselves are blockchain agnostic and omnichain. this may take away the part of exclusivity and open them to limitless utilities across networks. it’d conjointly improve the practicableness and responsibleness for institutions, firms and perhaps even governments to adopt blockchain-based solutions.

The DeFi juggernaut catalyzed the expansion of blockchain and crypto area in 2021. ability and IBC are those to seem out for in the future.

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Altcoins Bitcoin Blockchain DeFi News

3 Reasons Why You Should Avoid Meme Investments

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3 Reasons Why You Should Avoid Meme Investments

Meme investments may have started as a joke, but many investors are starting to take them seriously. Case in point: Dogecoin — a meme investment created to poke fun at the popularity of cryptocurrency. Despite being a spoof, US News points out that the cryptocurrency’s value has risen to more than 5000% since the start of the year, peaking at whopping 45 cents. If you’re one of those investors who want to invest in meme assets—either or fun or because you think it’s a lucrative option—it’s best that you know what you’re getting into first. So before you shell out your hard-earned money, here are three factors that you need to keep in mind.

They aren’t ideal for generating wealth

It’s important to note that meme investments will certainly not make you a millionaire overnight, or are they particularly good long-term investments. The posts on investing published by AskMoney explain the fundamental principles behind these specific investments. Going back to Dogecoin, one of the articles emphasizes that the meme crypto cannot sustain its high value because there’s potentially an unlimited supply of it. With millions of Dogecoins released each day, its demand, as well as its value, decreases. This is in contrast to Bitcoin, which can only exist in a finite amount. The lack of scarcity is actually detrimental to Dogecoin. In fact, its price hasn’t risen past 50 cents since its release in 2013. So if your goal is to invest for your house or retirement, you might want to look elsewhere.

Their high volatility makes them harder to sell

To get good gains from your investments, you need to study and decide when to sell them. Assessing your investment’s valuation, growth prospects, and surrounding market conditions are crucial in determining when you need to hold your investment and when to reap your gains. Unfortunately, the extreme volatility of meme investments makes it difficult to determine the best time for selling. For instance, meme stocks from the AMC movie theater chain experienced a surge last January due to calls for support in a Reddit board. Though this may seem like positive news, it’s important to note that these stocks can rise just as rapidly as they can plummet. And the extreme volatility makes it difficult to predict when best to sell or hold on to your investments.

They are driven by social media, not by company performance

Social media posts are responsible for the surge of value in meme investments. Through these posts, investors are coordinating and pushing to increase the value of these assets. As an example, social media users united in driving a frenzy for the stocks of video game retailer GameStop earlier this year. While this did cause the meme stock’s value to rise, it has been discovered that thousands of bot accounts played a role in hyping the stock. As an investor, this puts you at a disadvantage because the prices of stocks are typically driven by business performance, not social media hype. The social media posts and the bots may pump up the value of the stocks temporarily. But at the end of the day, the company’s overall performance will determine how long it can hold the market value. So if you’re investing in a company’s stock due to social media, you’re putting yourself at risk by handing your money to a company that may not be able to sustain and grow it.

Meme investments may seem alluring on social media, but they aren’t great long-term investments. Since these assets aren’t properly sustained and regulated, it’s extremely difficult to get good gains from your investment. Instead, look into other investments, like legitimate cryptocurrencies that are higher in value. Though not as humorous as Dogecoin, options like Ethereum are much better as long-term investments. Although, should you decide to invest in these assets, know that there are risks involved. These risks are unlike those of traditional investments. Thus, you should exercise caution when adding them to your portfolio.

For more cryptocurrency news and investment advice, stay tuned to Coinposters. We post regularly about market movements, different types of crypto, and more.

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Blockchain News Press Release Technology

Cere Network: Latest updates, IDO, Launch..

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Cere Network: Latest Updates, Ido, Launch..

What is cere network?

Cere is the solution that relieves businesses of the growing, aching pain in customer data management. Cere is an ethical environment that will help any business develop their own decentralized customer data cloud on top of a blockchain-powered decentralized data network, built from the ground up around privacy, security, interoperability, and an open-source philosophy. Blockchain and distributed ledger technology (DLT) are the key components of Cere’s differentiation and unique value proposition because they provide the technical foundations for Cere’s Decentralized Data Storage (DDS) and peer-to-peer data collaboration environment.

Cere is a Polkadot-inspired, next-gen distributed network that consists of several modular and interconnected layers:

  • The Cere Layer-1: Core Cere and enterprise chains at the foundation.
  • The Cere Layer-2: Substrate Private networks for scalability and interoperability.
  • Distributed Ecosystem: Ecosystem of distributed apps and open data marketplaces built on top.

Cere innovation

Cere is in development since its first round in 2019, investors have been waiting for almost 3 years for a successful launch of the project. Cere has been always focusing on a Decentralized Customer Data Cloud for enterprises and small companies, built on privacy and security. However, with the innovation of technology, they are looking to explore more functionalities to the project itself.

NFT Space for CERE: 

Cere’s Decentralized Data Cloud stage, with its multi-party encoded information sharing innovation, opens the astounding capability of secure resource conveyance where just the NFT holding fans can partake in the full insight of the NFT-upheld content. Cere will give a bleeding edge, blockchain demonstrated innovation answer for genuine world and crypto stages. The NFT commercial center will be straightforwardly coordinated with web-based media, empowering supercharged reception. Our new eminence NFT agreement will be the norm for immediate, certifiable partner income circulation.

Cere Partnerships

Cere is backed by the best, high class venture capitals, perhaps; binance labs, arrington xrp capital, republic labs and more..

Cere Use Cases:

  • Travel: Cere delivers personalized product offerings across 1st to 3rd partners to enrich existing user experiences. The secure sharing of personalization data combined with smart offers and discounts distributed as derivative assets to each user’s own wallet is the key to powering the full automation of this process.
  • Media:  Cere helps media enterprises to improve long term user retention and content engagement by using a plug-and-play gamification module that can enrich the user experience of any app/site. The Cere SDK works in conjunction with each user’s own wallet/ledger to allow the full automation of these normally hard to integrate use cases.
  • Banking: Credit cards rely on perks and rebates, offered by the banks and their partners to drive usage (e.g. earning 1 mile for each $1 spent). Cere brings a new level of data interoperability and secure asset/value exchange to better automate such integrations between banks and partners.
  • Retail: Cere provides a drop-in solution that boosts a brand’s hyper-personalization strategy. With intelligent loyalty and payment solutions, brands can increase their online to in-store conversions.

Where to buy? IDO polkastarter 

IDO Polkastarter is just starting and beggings on Wednesday 18th. There are some requirements if you want to get the last chance to get an IDO price.

Please refer to this link to see how.

Their Social:

Coinposters thoughts about CERE Network: Long Term & Short Term

Cere network is a top project from our point of view, it has all the factors to be one of the most successful projects of 2021-2022.

  • For the short term: we have to watch closely CERE launching their products to the market and how it will succeed, there is a lot of hype on this project which can cause a huge impact on the price.
  • For the long term: is recommended to hold the token, as its potential is bigger and estimated to be more than 100x from IDO price. However, these are just estimations and the price could go way higher or similar to it.
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Bitcoin Guides & Tutorials Price Analysis

How to predict Bitcoin Price ? Long term & Short Term

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How To Predict Bitcoin Price ? Long Term & Short Term

3 Factors of Bitcoin Price over the past years.

1. The News Factor

Over the past years have been demonstrated that bitcoin price is highly impacted by the news of the top enterprises and famous speakers such as Elon Musk ( Tesla CEO ) , Jack ( Twitter Ceo ). But there is also an important note to take in consideration and is that sometimes News are manipulated and can drive the price to go down or up to benefit big institutions. There is two famous sentiment on the crypto market:

FUD: Fear, uncertainty, and doubt is a propaganda tactic used in sales, marketing, public relations, politics, polling and cults. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.

Bullish Sentiment: hopeful or confident that something or someone will be successful : optimistic about the future of something or someone. : expecting the price of stocks to go up : characterized by rising crypto prices

The bulls have strong faith that Bitcoin will go UP, the bears have a strong faith that bitcoin will go down.

2. Technical Crypto Analysis ( Charts )

Technical analysis involves using real-world data to try to predict the future of the market. It involves looking at past statistics of the cryptocurrencies in question, including factors like volume and movement. Another common method, the fundamental analysis would be evaluating the cryptocurrency’s inherent value.

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Technical Analysis by Coinposters Team 29/07/2021

As you can see on the chart we are based on the supports, if support 1 breaks down, we will go to support 0 which is the support under base levels, which will turn the market into a really bear market. So where do you buy? You should look at the charts, cryptocurrency news, trends, and if everything matches and support 1 rejects, then buy because is more likely to go up again, if support 1 rejects is more likely to go down.

The importance of resistances and supports ” Take Profits on the way up” support 2 would be a important take profit, followed by support 3 as last.

3. Market capitalization / Bitcoin dominance

Every crypto has a total supply in circulation, market capitalization max supply, some of them has unlimited supply ( which you should run of.. )

Total supply in circulation: Is the amount of tokens that are in circulation, you can check on coinmarketcap.com

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Market Cap or market capitalization: is the amount of money that is inside this crypto, this is what is the price based on. To keep it simple if you divide the Circulating supply/Market Cap = Live price on ( USD ) please see the image below.

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Max amount of supply: the maximum supply of a crypto is equal to the maximum number of coins or tokens that will be ever created. This means that once the maximum supply is reached, there won’t be any new coins mined, minted or produced in any other way.

Important tips when buying or selling:

Now that we have all the basic knowledge we will be able to understand and emphasise more with the market.

  • Always buy when the price touch a solid support on the way down.
  • Take on consideration the maximum supply of every crypto to avoid losses, perhaps if a crypto that you buy is 50$ but has 20 million circulating supply. And in 1 year will have 200 million circulation supply is more likely to be way down than this 50$, always consider the price and maximum amount of total supply to avoid potential losses.
  • Not mandatory, but has been proof that holding a coin for more than 3 years has been profitable so far, but as every scenario is different; if you are selling, make sure to sell on targets so you can benefit as much as possible of the bull market.
  • Never give your private keys to anyone, protect yourself. Try to use as much decentralized exchanges as possible, where you are the only responsible of your cryptos.

Next topic:

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Altcoins Blockchain DeFi News Gaming NFT Opinion Price Analysis Technology

Best crypto to invest 2021 | See then best options

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Best Crypto To Invest 2021 | See Then Best Options

We choose the best opportunities that we think have high potential on the long term, but remember that this is not financial advice, and you should invest at your own risk. We aim to be the top reference for cryptocurrency news

Top #3 Axie Infinity

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Axie Game

Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their pets.


All art assets and Axie genetic data can be easily accessed by 3rd parties, allowing community developers to build their own tools and experiences in the Axie Infinity universe.
While still in early access, Axie is ranked the #1 Ethereum game by daily, weekly, and monthly active users. It has generated over 13,000 ETH in revenue (16M+ USD) so far.


While Axie is a fun game, it’s also taken on characteristics of a social network and jobs platform due to the strong community and play to earn opportunities that have come from its early success.
The key difference between Axie and a traditional game is that Blockchain economic design is used to reward our players for their contributions to the ecosystem. This new model of gaming has been dubbed “play to earn”.

Axie has attracted thousands of players from developing countries in the pursuit of a new income stream during the Covid pandemic. Many of these players are fathers, aunts, and even grandparents who have never used Blockchain technology before!


Players can earn by:

  • Competing in PVP battles to win leaderboard prizes.
  • Breeding Axies and selling them on the marketplace.
  • Collecting and speculating on rare Axies such as Mystics and Origins.
  • Farming for the love potions that are needed to breed Axies. These can be sold on exchanges such as Uniswap and Binance.


Starting in 2021 players can earn a governance token, AXS, which represents a real slice of the game universe as it has governance rights and fee sharing built into it. Since players can earn this token by playing, a Ready Player one type quest emerges where players can actually earn part of the universe. However, these quests are not winner takes all and rewards each player based on their effort and skill.

The most expensive figure was sold for 300 ETH being the record of the website as today.

Top #2 Constellation Network

Constellation

Constellation is a distributed network that enables fast, scalable solutions for organizations who need to process and transfer data securely and build interoperability for connected sensors and devices. As computing moves increasingly to the edge, Constellation provides the only scalable, secure solution for a world with more connectivity, more centralization, and more concentrated risk.

Constellation is an open source platform you can use to create a Blockchain, Cryptocurrency or Decentralized Application.

Best crypto to invest 2021 : Flow Blockchain by ( dapper labs)

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Flow Blockchain

‍Flow is a quick, decentralized, and designer well disposed blockchain, planned as the establishment for another age of games, applications, and the computerized resources that power them. It depends on a special, multi-job engineering, and intended to scale without sharding, taking into account monstrous upgrades in speed and throughput while safeguarding a designer well disposed, ACID-agreeable climate.

Stream engages designers to assemble flourishing crypto-and crypto-empowered organizations. Applications on Flow can keep customers in charge of their own information; make new sorts of computerized resources tradable on open business sectors available from anyplace on the planet; and fabricate open economies possessed by the clients that assist with making them important.

The massive success of their blockchain including, crypto kitties, nba top shot, genies.. and gaming products such as Chainmosters or Enemy Metal, makes flow the best crypto to invest 2021, out there as there are over 400 project being developed on the background right now to launch into the market. Makes Flow the best option for the future with huge potential on Gaming, NFTs and Dapps.

 

Important TIP while investing: 

A good strategy to buy a cryptocurrency is doing it by boxes. Lets say you have 1000$, then 100$ would be 1 BOX, when it touches the first support you start buying using 1 box, the more down it goes, you buy another box, and like that until you find a support and price goes up, then your return is higher. Doing that you will have an average price and avoid having losses.

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Bitcoin Blockchain Business People Press Release Regulation Technology

Amazon ‘certainly’ arranging Bitcoin usability and token, affirms insider

Bitcoin-amazon
Amazon ‘certainly’ Arranging Bitcoin Usability And Token, Affirms Insider

Amazon involved on digital currency

Amazon is hoping to acknowledge Bitcoin usability’before the year’s over’, and is exploring its own token for 2022, says an insider.

The web behemoth set the rumor mills in motion throughout the end of the week subsequent to distributing a task notice for a digital money and blockchain lead.

The opportunity, obviously a sign the organization is setting out a pathway towards cryptographic money exchanges, calls for somebody who can “influence space mastery in blockchain, dispersed record, national bank advanced monetary standards and digital currency”.

Real word usage; Bitcoin is the crypto against inflation.

It adds that it needs to “foster the case for the abilities which ought to be created, drive by and large vision and item technique, and gain administration purchase in and speculation for new capacities.”

It doesn’t take a virtuoso outwardly to reason where Amazon may be going with enlistment in any case, as per an insider, the plans run a lot further than just welcoming somebody on board to inspect conceivable outcomes.

“This isn’t simply making a cursory effort to set up cryptographic money installment arrangements sooner or later – this is an all out, all around examined, vital piece of things to come instrument of how Amazon will function,” she revealed to City AM.

“It starts with Bitcoin – this is the key first phase of this crypto project, and the mandate is coming from the exceptionally top… Jeff Bezos himself.”

Amazon exploring for more cryptocurrencies.

The insider additionally clarified that heads of the world’s fourth biggest organization were quick to move towards ticking off other large cryptographic forms of money whenever it had set up a quick and secure technique for Bitcoin installment.

“Ethereum, Cardano and Bitcoin Cash will be next in line before they achieve eight of the most famous cryptographic forms of money on the web,” she added.

“It will not take long in light of the fact that the plans are now there, and they have been chipping away at them since 2019.

Bitcoin prices up 13% since the latest news of amazon. Did they buy?

“This whole undertaking is essentially good to go.”

All things considered, the inclusion of a huge player on the size of Amazon in the cryptographic money space would propel appropriation and cost of Bitcoin and the bigger alt coins, yet it is Bezos’ next arrangement which could cause significantly more prominent interest.

“At the point when every one of these crypto ducks are arranged, there’s another curve to push things significantly further into Amazon’s approval – a local token,” the insider clarified.

“Following a time of encountering digital money as a method of making installments for products, it is looking progressively conceivable that we’re going towards tokenisation.

“This then, at that point turns into a staggered framework where you can pay for labor and products or procure tokens in a dependability plot.

“There’s little more to it, until further notice, however you can ensure the Bitcoin plan will be observed intently as promising circumstances with Amazon’s own adaptation of a crypto will be investigated.”

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Bitcoin Interview Opinion People

Cathie Wood, Jack Dorsey and Elon Musk Bitcoin live today at 12 pm EDT

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Cathie Wood, Jack Dorsey And Elon Musk Bitcoin Live Today At 12 Pm Edt

The group of: Tesla CEO Elon Musk, Twitter CEO Jack Dorsey, and Ark Invest CEO Cathie Wood will be featured speakers at the Bitcoin event “The B Word”

With the main concern of Elon Musk regarding Bitcoin was that it won’t be sustainable for tesla as far as it consumes more than 80% of fossil oils , Bitcoin has attracted the attention of cryptocurrency investors, climate campaigners, and energy experts alike. The currency has been reported to use an awful lot of energy; it currently consumes around 110TW hours per year, placing it at 0.55% of global electricity production or roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden.

The basics of bitcoin mining and energy consumption

With the success and evident interest in bitcoin worldwide and its mining has come plenty of research related to the amount of energy it will consume in a few years’ time, provided the trend rises steadily. The idea of this event is try to convince the crypto community and Elon that Bitcoin can be used 100% with renewable energy   .

Michael Saylor : Gray scale CEO #Bitcoin recycles .25% of the world’s wasted energy to create prosperity & freedom.

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The B World

  • Looking to the event website, “The ₿ Word is a Bitcoin-focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can embrace it, and raise awareness around areas of the network that need support.”
  • You can register at the event for free here: The B World

 

Jack:  Twitter CEO

Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permission-less, and decentralized financial services. Our primary focus is #Bitcoin.

Twitter

Like the new #Bitcoin hardware wallet of Square, we’re going to do this completely in the open. Open roadmap, open development, and open source. @square is leading and building this team, and we have some ideas around the initial platform primitives we want to build.

Shared opinions

Both Dorsey and Musk’s respective opinions on Bitcoin are somewhat at odds. Where Dorsey has been unapologetic about his enthusiasm for Bitcoin, Musk has expressed concerns about the blockchain’s outsize energy consumption. Tesla announced it would start accepting Bitcoin for purchases in February, but reneged in May. “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” wrote Musk at the time.

Other Participants

Other featured & important speakers at the B Word conference include Blockstream CEO Adam Back, ARK Invest CEO Cathie Wood, and Nic Carter, a Bitcoin influencer, all of whom are about as bullish on Bitcoin as Dorsey.

Categories
Gaming News NFT

Flow Blockchain: The next Gaming Generation

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Flow Blockchain: The Next Gaming Generation

What is Flow ?

‍Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. It is based on a unique, multi-role architecture, and designed to scale without sharding, allowing for massive improvements in speed and throughput while preserving a developer-friendly, ACID-compliant environment.

Over 400 projects are being developed on Flow Blockchain

With the massive success of NBA Top Shot , Flow gained a spot on the Top 100 on the first year of their launch, CoinMarkeCap currently top #77, with many projects behind such as Viv3 ( Nft Marketplace ) , Chainmosters ( A new and exhilarating cross-platform multiplayer online game where you catch, battle, trade and compete with digital monsters in a massive multiplayer open world experience. ) UFC digital collectibles ( Soon they are launching, register on the link to get early access to their new collectables ) Check the latest news on their Flow website with all the apps, games that are currently being develop on their chain.

Their partners & Community

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Partners

Flow was designed from the ground up as a foundation for internet-scale protocols and applications that also require exceptional user experience. The best part of it is that is including massive support from their community, and at the same time, real world usability.

Flow blockchain: How it works ?

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Unique among crypto networks, Flow achieves dramatic improvements in speed and throughput by separating the jobs of a cryptocurrency miner or validator into four different roles, each with their own characteristics.

This means anyone with a reliable internet connection should be able to participate as a validator for Flow, at a variety of computational and financial tiers.

Validators join Flow in one of four roles:

  • Collector Nodes increase efficiency
  • Execution Nodes enable speed and scale
  • Verifier Nodes guarantee correctness
  • Consensus Nodes ensure decentralization

Source: Onflow.org

What can I build on Flow?

Flow is designed for high-throughput, low-latency consumer applications, games, and digital assets. Protocol-level usability and onboarding features make it easy to bring new users while a new decentralized architecture ensures security at scale.

Where can I buy Flow?

Huobi: is a Seychelles-based cryptocurrency exchange. Founded in China, the company now has offices in Hong Kong, South Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company.

Coinlist: is where you get access to the best new tokens before they list on other exchanges. Coinlist lending program up to 10% staking per year on FLOW!

Categories
Bitcoin Blockchain Interview News Price Analysis Technology

Bitcoin price returns to ‘critical’ pivot zone as $33K stays untouched.

Btc-analysis
Bitcoin Price Forecast For July

Bulls are having problems reclaiming lost support levels, but $30,000 remains a solid foundation in Bitcoin’s trading range.

A sharp rebound overnight propelled the pair to highs of $32,970 after briefly reaching $31,750 overnight. The $33,000, which had previously been a sure source of support, was now out of reach.

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BTC/USD 1 hour chart of candle

Bitcoin price: It is reasonable and starts at less than USD 33,000.

Bitcoin/USD traded in a range on Wednesday, according to data from Bitcoin Markets Pro and Trading View. However, volatility increased slightly.

A sharp rebound overnight propelled the pair to highs of $32,970 after briefly reaching $31,750 overnight. The $33,000, which had previously been a sure source of support, was now out of reach.

According to well-known trader Michael van de Poppe, Bitcoin needed to break out of this zone between $32,600 and $38,000 to have a chance of reaching high-level targets in its trading range.

“Many alternative cryptocurrencies are conducting double bottom tests. This is fantastic, thank you! ,”According to his most recent Twitter update, he also said

With repeated attempts to break the $33,000 barrier, Bitcoin was trading around $32,800 at writing. With support holding firm at $30,000, buy and sell levels on Binance showed a resistance band at $33,000, which was gradually dissipating.

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Buy and sell levels for bitcoin/dollar (Bi-nance) as of July 14, 2018. material indicators/Twitter (references)

Powerful hands quietly scoop up large amounts of liquidity

A much-publicized “Bitcoin bill” would have be presented to the government of Paraguay on this day, and expectations were high among the public. As of now, there is little information about the legislation; however, some believe the country will seek to emulate the example set by El Salvador and make Bitcoin legal tender.

There was little else for bulls to leverage when writing, aside from network fundamentals, with accumulation by investors of all sizes still to manifest itself in price movement.

Referred to as Excellent purchase Currently, Bitcoin is trading at a record low of 59 per cent below the target price of the BTC stock-to-flow model.

After conducting new research, William Clemente hypothesized that there might be a “lag” in the response of prices.

“Alternately, put: A lag between prices and accumulation flows can occur from time to time. If we had a bull dive in January or September 2020, it would be about half the size of the one we had in January or September 2019 “His remarks were made through social media commen.

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Bitcoin liquid supply ratio annotated chart. Source: William Clemente/ Twitter

We had one in March 2020, but macro forces can override this,” says the author.

Clemente displayed a chart of Bitcoin’s liquid supply ratio (LSR), a metric that is now signalling the movement of BTC to those who have had little experience selling the cryptocurrency.

Referring to the halving of block subsidies that took place last year. “Nothing has changed, supply shock is still in play,” he said of the supply shock.

Bitcoin liquid supply ratio annotated chart. Source: William Clemente/ Twitter.

“It is showed by LSR that the action of Bitcoins being reabsorbed by powerful hands only continues to diverge more from the price of Bitcoin. Also down -21,829 BTC on exchanges in the last two weeks, with a clear accumulation trend in those flows as well.”

Trading in cryptocurrency occurs in other markets as well.

According to the Investing.com Index Ethereum was the last trading at $2,124.66, a 14.54 percent decrease over the day.

On the Investing.com Index Bi-nance Coin was trading at $478.50, representing a loss of 10.36 per cent compared to the previous trading day.

Ethereum’s market capitalization was $253.4 billion at the time of writing, accounting for 12.02 per cent of the total cryptocurrency market capitalization, while Binance Coin’s market capitalization was $75.4 billion, accounting for 3.58 per cent of the total cryptocurrency market capitalization at the time of writing.

What are bitcoin prices and bitcoin?

Bitcoin is the world’s first decentralized cryptocurrency – a type of digital asset that uses public-key cryptography to record, sign, and send transactions over the Blockchain network – and it is also the most valuable cryptocurrency in the world.

The Bitcoin network (with an uppercase “B”), which was founded on January 3, 2009, by an anonymized computer programmer (or group of programmers) using the pseudonym “Satoshi Nakamoto,” is a peer-to-peer electronic payment system that makes use of a native cryptocurrency called bitcoin (lower case “b”) to transfer value over the internet or act as a store of value, similar to gold and silver. Bitcoin is a digital asset that can make payments and store.

Because each bitcoin comprises 100,000,000 Satoshi (the smallest unit of Bitcoin), each bitcoin is divisible by up to eight decimal places. This enables consumers to purchase fragments of a bitcoin for as little as one Usd per unit of bitcoin.

At $30,000, Bitcoin (BTC) is experiencing a “reset” in investor behaviour, and if the trend continues, the price of the cryptocurrency will rise.

According to econometric, if holders continue to accumulate bitcoins and dollars, the only way to go for the cryptocurrency is “up,” according to econometric, an on-chain monitoring resource on Tuesday.

“Interesting” data points to a resurgence in demand.

Econometric discovered that a significant shift has occurred in buying coins ever since the start of the latest bull market in October 2020 compared to the previous year.

Smaller investors, also known as “small fish,” were the ones who were accumulating wealth at the outset. Initially, this occurred when Bitcoin surpassed its previous all-time high of $20,000, and it has continued up to the new all-time high of $6

“According to Econometrics, $30k is a critical level that has halted the trend of a coin accumulation by whales,” the company stated.

One possible explanation for why selling pressure eventually took hold is that whales believed Bitcoin was gaining “too much, too soon,” and that the market, as a result, had become unsustainable.

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Bitcoin Blockchain Price Analysis

Bitcoin price forecast for July

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Bitcoin Price Forecast For July

Bitcoin (BTC) has seen almost two months of rangebound price moves after hitting $30,000 — and new data hints why.

Market and Bitcoin has once again walked through a minor crisis on the price approaching $30k. That level has the potential to trigger an even broader sell-off in the cryptocurrency market. The quick rebound suggests that the bulls are willing and able to defend the critical round level.

Btc-analysis
Bitcoin analysis

Bullish forecast if it breaks level

While bitcoin is trading around 31.000$ and fighting to break up the last resistance to go back to 40.000$ area if the bulls keep pushing and break the last support we will see the possibility to turn off the market and get into bullish signal again.

Bear forecast if it breaks level

If bitcoin passes 28000$ we will turn into a really fear market with possibilities of dropping below it. The bears were pushing for the past weeks and closing their positions for the bull pressure. This is a huge battle where we will see a clear forecast on the end of July where people get into holidays.

Amid the unease, some voices caution that it is only a desire to interpret events to push one’s own narrative, bullish or bearish, which is at play.

Bitcoin itself, meanwhile, is not as weak as price suggests, as fundamentals confirm.

“Regardless on your risk appetite, strategizing now is key, so as not to miss the next wave in this current Bitcoin supercycle,” Stack Funds concluded in its latest report released Thursday.

Commisioner about BTC

“Important Commissioners are discussing about the regulation of the markets a matter of fact, under the OCC last year, we approved that banks could custodian it, in fact it would create more opportunities for new institutional investors and the reason we did that is because we wanted to make sure that this was becoming in the regulated world.”

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