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Articles by Lukas Wiesflecker
Why Metaverse and the crypto industry is becoming more public!
Photo by Sajad Nori on Unsplash Fidelity files two ETFs for the metaverse and crypto industries The two exchange-traded funds are Fidelity Metaverse ETF and Fidelity Crypto Industry and Digital Payments ETF The ETFs are tracked by Fidelity’s Metaverse indexes and Digital Payments indexes, respectively The U.S. Securities and Exchange Commission rejected Fidelity’s spot market bitcoin ETF yesterday.
How Fast Is Solana Compared To Ethereum?
How Fast Is Solana Compared To Ethereum? Photo by Tezos on Unsplash Solana's actual transactions per second are 3,000 — still far ahead of the ten that Ethereum manages. The Solana network has become a viable Ethereum alternative in recent months. Like all other blockchain networks that see themselves as Ethereum killers, Solana claims to have found the solution.
Why is Crypto Always Crashing so Hard?
Photo by Maxim Hopman on Unsplash Cryptocurrencies have been losing value for months. Last week, there was another crash. US monetary policy is to blame. The crypto world is seething: since November, the market around Bitcoin, Ether, Dogecoin, and Co. has lost a total of almost a trillion dollars. Bitcoin even plunged below the 40,000 dollar mark at the beginning of the week. In the meantime, the price has recovered somewhat and is at around 43,000 dollars. But the mood remains tense.
How Big Is Crypto Against Gold And Traditional Assets
2021 was a record-breaking year for cryptocurrencies. For example, global market capitalization surpassed $2 trillion for the first time. NGRAVE has put this milestone into a broader context. The company examines how large the crypto market is compared to more traditional asset classes. To assess the significance of the industry’s overall market capitalization, the cryptocurrency provider compared it to the value of other global industries.
Bitcoin Dominance At Historical Bottom - Is Altcoin Season Coming Now?
Photo by Execution on Unsplash Bitcoin continues to take a beating in dollar terms. At the same time, the top cryptocurrency is also losing its share of the market cap. Having broken through recent support, BTC dominance may even be heading for historic lows. Historic lows in BTC dominance, in turn, could mean that an unprecedented altcoin season may be upon us. Here’s a closer look at the metric — and how it could affect altcoin performance. At one point in time, there was only Bitcoin.
What is Proof of Burn (PoB)?
Proof of Burn is a consensus mechanism used to validate new blocks on a blockchain. This mechanism is based on participants destroying coins: Only those who can prove that they have killed a predetermined amount of coins are deemed trustworthy enough to take over the validation of a new block. In the Proof of Burn consensus mechanism, participants must destroy coins to generate new blocks.
What is Proof of Capacity (PoC)?
Photo by Marc-Olivier Jodoin on Unsplash Proof of Capacity is a consensus mechanism to regulate the validation of new blocks on blockchains. The procedure is one of several ways to select which participant in a network can generate a new block for the blockchain next. The mechanism is considered to be particularly energy-efficient, resource-efficient, and thus accessible to a broader audience.
Bitcoin and El Salvador - What is Buterin thinking about it?
Bitcoin and El Salvador — What is Buterin thinking about it? Vitalik Buterin, the creator of Ethereum, had some strong words on Friday about the adoption of Bitcoin as legal tender in El Salvador, explaining why he thinks it’s anything but a laudable endeavor. BTC adoption in El Salvador goes against Bitcoin’s ideals
Bitcoin is going down - also in October?
Photo by Maxim Hopman on Unsplash Yesterday, Bitcoin fell below $42,000, continuing to lose value overnight. Late Monday, Bitcoin dropped $1,000 in just one hour, ending hopes of a bull market. This came as something of a surprise, as the flagship cryptocurrency had only reached a high of 44,400 US dollars over the weekend. Now, experts are even predicting a level below $40,000 as the new low.
What are troubles coming for CeFi platforms?
The CEO of crypto lender Nexo Antoni Trenchev has a plan in place if exchange regulators come knocking on his door. For now, the pressure is limited to U.S.-based crypto exchanges like BlockFi and Celsius. However, any crypto broker with customers in the U.S. will eventually face regulators. This includes London-based crypto firm Nexo. Trenchev commented: We are following the situation very closely. When I say we, I mean both Nexo’s internal legal team and the law firms we hire in the United States.
What makes Ethereum unique at the moment?
BTC-echo The Ethereum inflation rate drops - EIP 1559 has already wiped out $1,000,000,000 in ETH The burning mechanism on Ethereum is in full swing. Over 300,000 ETH has already been destroyed since the London upgrade launched the tool on August 5. Over $1 billion worth of ETH has been burned through EIP 1559. In the last six weeks, Ethereum’s inflation rate has more than halved Public interest in Ethereum currently seems to continue to stagnate.
9 Ways to Save Money with Warren Buffett’s Habits
He may have billions of dollars, but Warren Buffett prefers to live life simply, unlike other celebrities and financial gurus. The Oracle of Omaha doesn’t live in a mansion in the Hollywood Hills, nor does he own a fleet of fancy sports cars or eat foie gras and caviar every day. Warren Buffett practices what he preaches in terms of financial discipline, saving, and debt repayment. A simple life can pay off in the inflationary environment that emerged during the COVID-19 pandemic.
Bitcoin forecast by one of the world’s largest asset managers sees BTC at $1,000,000,000
Photo by Michael Förtsch on Unsplash That’s right, you read correctly. We are not talking about a Bitcoin forecast of 1 million but $1 billion per Bitcoin (BTC). This forecast comes from one of the largest asset managers in the world, leaving even hardened BTC bulls open-mouthed. But let’s start at the beginning and take a look at where this Bitcoin price forecast originated. Many Bitcoin forecasts seem ludicrous, but $1,000,000,000 per BTC really dwarfs anything that has come before.
Ethereum Software bug affects half of all nodes and splits the blockchain
A bug with the most popular software client, Geth, has led to a software fork in Ethereum’s network. This means that the Ethereum blockchain is currently processing two Chains simultaneously. This is not an uncritical circumstance because if the problem is not fixed, this could lead to a double-spend attack, among other things. A double-spend attack means that the same cryptocurrency is spent twice.
CryptoBlades (SKILL) rise - where can investors buy it?
CryptoBlades, developed by Riveted Games, is an NFT role-playing game. The NFT in the game is divided into the combat character CryptoBlades Characters (CBC) and the combat weapon CryptoBlades Weapon (CBW). The SKILL token is used for in-game reward distribution and transaction traffic. CryptoBlades’ play-to-earn model makes SKILL the main circulating currency in the game and allows the token to be significantly more liquid.
The countdown for the Cardano Alonzo Mainnet has started
The Alonzo upgrade of Cardano is in the starting blocks. It is intended to bring the smart contracts to feature to the network. In addition, once Alonzo is successfully implemented, developers will have the opportunity to create projects in niches such as DeFi, NFTs, DID, and dApps. Contrary to the crypto community’s opinion, Cardano is still on schedule, even though the planned implementation of the Alonzo hard fork by the end of August is very ambitious.
After Bitcoin also Altcoins - Institutional investments are getting closer
Photo by Executium on Unsplash According to a new report, major players were paying increasing attention to altcoins like Ethereum (ETH) and those from the decentralized financial sector (DeFi) in general. Is Bitcoin (BTC) increasingly in danger of losing its market dominance? Institutional players have shifted their focus from Bitcoin (BTC) to altcoins such as Ethereum (ETH) and another decentralized financial sector (DeFi) tokens in recent months.
Coca-Cola launches NFT Collection!
Cult brand Coca-Cola has come up with something extraordinary for Friendship Day on July 30. The company is auctioning off the first NFT collection, which was designed in collaboration with digital designer Tafi. But this is far from all. In addition to the Coca-Cola NFT, the Friendship Box also contains other great things. If you would like to bid for one of these boxes, you will find the link in the article. You have only a few hours to bid for the Coca-Cola NFT Lootbox.
Crypto is down in China - are NFT’s allowed to live on?
Photo by Jie on Unsplash After China cracked down extremely hard on cryptocurrencies and miners, the news that giant Chinese digital conglomerate Ant Group is starting to sell non-fungible tokens (NFTs) comes as a surprise. Why is it allowed to do so? And how useful are Ant Group’s NFTs? The whole crypto industry is dead in China. First ICOs, then exchanges, now miners and over-the-counter trading. All regulated and banned, all prosecuted, arrested or emigrated. Right? Not quite.
Mining Bitcoins - How the Blockchain Protects Bitcoin from Manipulation
Photo by Execution on Unsplash Counterfeit money looks similar to real money but has no value. Fraudsters already counterfeited the first introduced money. Satoshi Nakamoto reckoned with criminal energy when developing his new electronic currency. Therefore, with Bitcoin, he created an electronic payment system that quickly becomes so complex that it is difficult, if not impossible, to counterfeit Bitcoins. Bitcoin is based on a peer-to-peer network.
3 Reasons Why World Banks Must Support Bitcoin
Photo by Execution on Unsplash Because of concerns allegedly of an ecological nature, the World Bank refuses to help El Salvador with Bitcoin. But its own constitution actually commands the institution to accept — and hold — Bitcoins now. El Salvador, the smallest country in Central America, recently made Bitcoin legal tender. To overcome the numerous technical challenges that come with it, the government has asked for help from the World Bank, among others.
Cryptocurrencies vs. paper money - these are the differences
Photo by Dmitry Demidko on Unsplash Whether it’s the euro, the U.S. dollar, or the Swiss franc, all major paper currencies have lost massive value against the top 5 cryptocurrencies over the past 12 months. But what is the cause of this development? To answer this question, one must first understand how the current banking system works and where the differences between paper money and cryptocurrencies lie.
Cardano’s Smart Contract Test positive - will the price rise soon?
Positive Cardano news for ADA fans. As Ethereum’s number one follower, Cardano (ADA) can now look back on another important success: The first smart contract test on Alonzo has been successful. Work on integrating smart contracts into the Cardano network is in full swing. The first test run on Alonzo was completed. The smart contracts could be fully rolled out as early as September if the work continues to go according to plan until then.
Cryptocurrencies or real estate?
According to a study, just over a fifth of Australians prefer to invest in cryptocurrencies rather than conventional asset classes. Confidence in conventional forms of investment is declining worldwide. In particular, falling interest rates on savings accounts lead more and more people to look for alternatives. These include shares, real estate, or, for some years now, cryptocurrencies. Increasingly, cryptocurrencies are also being used to buy other asset classes such as real estate.
Some thoughts about stablecoins like Tether
Photo by Jp Valery on Unsplash Stablecoin issuer Tether has published the composition of the reserves by which the USDT stablecoin is backed. The percentage of real dollars is surprisingly low. But whether that is as damning as critics gleefully account for is hard to say. The stablecoin Tether (USDT) has long been criticized.
How inflation determines our lives
Photo by Alexander Schimmeck on Unsplash Everywhere you look: Prices are exploding. Food, building materials, electrical appliances, electricity — everything is getting more expensive. And not just a little bit. Those who use Bitcoin escape this destructive game — and drive the decentralized monetary reform that may be needed. Yes. Bitcoin has its weaknesses, its flaws, and its problems.
Bitcoin price collapses - Glassnode reveals interesting metrics
As a result of the negative coverage surrounding the crypto market quake triggered by Elon Musk, Bitcoin (BTC) saw its price drop by double-digit percentages. In the last 10 days alone, the price fell continuously from 60,000 to currently 43,000 US dollars. The current events are reminiscent of the market collapse in March 2020 in the wake of the emerging Corona crisis.
The Biggest BTC Mining Difficulty Adjustment & What It Tells Us About Bitcoin Price
The Bitcoin Mining Difficulty has increased by 21.5%. This is the largest positive Difficulty adjustment in almost 7 years. Find out what this tells us about the possible Bitcoin price trend in the coming weeks. A high Difficulty means that additional computing power is needed to verify transactions entered on the Bitcoin blockchain. The higher the Difficulty required to create a block, the better the network's security, as attackers would need enormous resources to take control.
Ether supply on exchanges drops rapidly as investors swap Bitcoin for Ethereum
According to an analysis by on-chain analytics provider Glassnode, the amount of Ethereum (ETH) on exchanges has fallen to its lowest level in nearly two years. Glassnode estimates that only 13.3 million Ether are currently held on centralized exchanges. This would mark the lowest level since June 2019. This would leave centralized platforms holding ETH worth about $52.4 billion, or 11.5% of the Ethereum supply.
The price of Dogecoin increased by 14,000 percent in 2021
Once introduced as a joke, the cryptocurrency Dogecoin continues on its record-breaking course. In 2021 alone, its value increased by almost 14,000 percent. Dogecoin has reached a market capitalization of over 65 billion euros. Since January 1, 2021, its price has risen by around 14,000 percent.
Bitcoin Gold & Ethereum Classic Rise 40% and Why That’s a Top Signal
Bitcoin Gold (BTG) and Ethereum Classic (ETC) are seeing parabolic price increases. The background is that we explain to you here and now what it tells us about the current market phase. It feels more and more like we’re somewhere in late 2017 to the early 2018 timeframe. The Ethereum price again fueled the old familiar debate about possible flipping, Altcoin prices rising for no discernible reason, and price action around Bitcoin (BTC) taking a back seat to everyday conversation.
1inch Wallet for iOS live - Mobile and uncomplicated decentralized trading
The further development at 1inch does not stop. Today, 1inch’s in-house developed wallet solution for iOS is available and offers enormous advantages in the sparse wallet offering at Apple. The 1inch Wallet offers a balanced mix of user-friendliness, security, and functionality. Now iOS users have the option to use the same features of the web version, as well as innovative mobile wallet features.
Bitcoin price crash with further downside potential?
Analyst sets his buy order at $32,501 Some analysts expect the bitcoin price to fall as low as $32,500 in the short term after the bears breached several crucial support levels. The bitcoin price hit lows on Friday not seen since early March. Unsurprisingly, some analysts are already calling out far lower levels as realistic targets for the price of Bitcoin (BTC). One of these analysts is Peter Brandt. Namely, he plans to buy BTC as soon as the Bitcoin price reaches $32,501.
XRP rise makes no sense, and DOGE serves no purpose
Mike Novogratz sees no point in the rise of XRP and sees Dogecoin (DOGE) serving no purpose. That’s how the billionaire founder of crypto investment firm Galaxy Digital put it to Bloomberg recently. And Novogratz is not alone in warning of a bubble in altcoins. Mike Novogratz, the billionaire founder of the crypto investment firm Galaxy Digital, did not exactly endear himself to XRP and/or Dogecoin (DOGE) supporters in a recent conversation with Bloomberg TV.
Bitcoin Price & Pi Cycle Top Indicator: How likely is the trend reversal?
While the entire market segment is once again becoming increasingly bullish, the Pi Cycle Top indicator has today given the signal for a top in this cycle of Bitcoin (BTC). This article will explore the intriguing question of what will happen to the Bitcoin price if it is proven right. First of all, it should be noted that the Pi Cycle Top indicator was developed retrospectively to find out how previous tops in the respective Bitcoin cycles could have been predicted.
Ethereum Foundation announces Berlin Hardfork
In April, the next hardfork of Ethereum is to be activated. The changes seem rather cosmetically esoteric to laypeople. The widely expected but also controversial update EIP 1559 remains outside — for now. Since 8 March, the Berlin upgrade for Ethereum has been officially announced. This upgrade will be part of a series of non-backward compatible hardforks, which the developers have planned from the beginning as intermediate stations on the way to Serenity, the final shape of Ethereum.
Become a Bitcoin millionaire: 0.01 BTC is said to be enough to become rich in 10 years
In 10 years, the finite supply of Bitcoin (BTC) will be almost exhausted. This means that investors will only need 0.01 BTC to be among the top 13% in the world in the future. While it may only cost $500 to buy 0.01 Bitcoin (BTC) today, current global wealth distribution trends and the inevitable realization of limited Bitcoin supplies could mean that 0.01 BTC will be worth $1 million future.
Chainlink update that promises huge advantage for DeFi
Chainlink’s latest update (LINK) is said to increase Oracle’s performance tenfold in favor of DeFi. Chainlink has unveiled its latest off-chain reporting (OCR) upgrade, the biggest overhaul to the network since it went live on Ethereum in 2019. Previously, data was aggregated on the Chain itself, leading to inefficiencies in data availability in the face of increasing congestion on the Chain.
50.000$ - the surreal power of scarcity
Photo by André François McKenzie on Unsplash Yep, $50,000. That’s the price Bitcoin reached tonight. It’s fantastic, crazy — and raises questions: Why? Why? And are we only at the beginning of this bubble — or already at its end? A picture is worth a thousand words, and a number is often worth a hundred pictures. So I’ll put the number of the day here once again: That’s how much a Bitcoin is worth by now. So about a year’s salary of a moderately paid editor or a Tesla Model 3. Crazy.
Uber plans to integrate Bitcoin as a payment method
The American company Uber is one of the most extensive intermediary services from the field of passenger transportation. San Francisco's company once started as a limousine service, but today serves the entire range of driving services. Its success turned Uber into a company that generates double-digit revenues in billions of dollars annually. As an intermediary, Uber receives about 25 of the respective ride price.
Top 50 cryptocurrencies explained in 2 sentences
For the newcomers: the top 50 Cryptocurrencies, each described with two sentences. I tried summing up the top 50 coins in 1 or 2 sentences. It is not perfect, and you obviously shouldn’t make any decision based on this list. Still, hopefully, it will help newcomers find some projects they’re interested in and understanding a little bit better this technology. If something is wrong or misleading, feel free to comment, and I’ll edit the post.
How realistic is a worldwide Bitcoin ban?
The Central Bank of Nigeria banned Bitcoin and other cryptocurrencies on Friday 05.02.21. All banks have been ordered to immediately stop serving customers who trade Bitcoin and co- or facilitate payments to crypto exchanges. Africa’s “Bitcoin Nation” is now experiencing a severe restriction by the central bank, which wants to stop trading BTC and all other digital currencies.
GameStop is further proof that bitcoin works
SkyBridge Capital, Anthony Scaramucci’s investment firm, took losses from the events surrounding GameStop. But for the firm, that’s just further proof that Bitcoin works. There may not be many issues in the traditional financial world right now that can get past the events surrounding GameStop. And even SkyBridge Capital can’t get past the issue and even lost money due to the events.
5 Altcoins that are said to promise “life-changing wealth”
According to the crypto trader and influencer Austin Arnold, five altcoin gems will deliver life-changing wealth to their investors this year. Altcoin Daily founder and crypto trader Austin Arnold named five altcoins in a video that he believes can become some of the best crypto investments for 2021. The Graph, REN, and three other altcoins make a list. In the video, the influencer tells his 413,000 YouTube subscribers that he is bullish on indexing protocol The Graph (GRT).
How central banks are missing the opportunities that exist in digital currencies
Photo by Mika Baumeister on Unsplash Almost all central banks are flirting with a digital currency. It could be a big, wonderful thing and could rejuvenate a currency union like the Eurozone in particular and make it attractive again. But central bankers worldwide seem to lack the courage to leverage the huge potential of blockchains for central banks. India is planning to do it. China is already cautiously rolling it out.
Crypto Review: What happened in 2020
Afterward, usually knows better: 2020 is coming to an end, and we’re recapping what the year’s crypto trends were — and what didn’t make it to movement. Our mega year in review includes 11 trends and seven flops. Exactly what dominated 2020 is not easy to say, and of course, it depends on the observer's perspective. What is a trend for one person was a flop for another — and vice versa. Banks, institutions, and companies are investing in Bitcoin as a hedge against inflation.
Leveraging Ethereum and IOTA to validate Corona Test Results
Instead of 64 gigabytes, he works with 180 kilobytes; Big Data has become Small Data, which is just as challenging in its way. Ubirch is primarily concerned with the security of the data. This should not be confused, Jugel explains, with securing the devices or the infrastructure. “It’s about whether the data that devices are processing is also accurate and authentic.” For the Internet of Things, this is extremely important.
Ledger Leaks - How does data protection face the future?
Photo by James Wheeler on Unsplash Since the Ledger database was leaked, happy fishing for users has been the order of the day. More and more Bitcoiners have been receiving unsolicited calls from the UK, Austria, Brazil, or Germany. This is one of the unpleasant consequences of the Ledger leak, in which the private data of 270,000 Bitcoin users was published. We asked around how much the German crypto scene has been affected — and speculate how it could have happened.
Bitcoin whales benefit from ‘weak hands’ in BTC bull run
Bitcoin is increasingly being bought up by “millionaires,” data shows. Bitcoin (BTC) is quickly being bought up by whales after its fall to $32,000. This means that only millionaires are benefiting from the fall, data shows. Statistics on Glassnode’s wallet balances on Jan. 11 show that investors buying the fall have more than 1,000 BTC ($36 million) in their possession. Elias Simos, a protocol specialist at blockchain infrastructure provider Bison Trails, compiled these statistics.
CEX vs. DEX - here are the differences
Decentralized Exchanges (DEX) have gained popularity not only since the hype of decentralized financial products (DeFi). But the rush to the decentralized exchange Uniswap reignited the debate about the pros and cons of decentralized and centralized exchanges (CEX). Many crypto enthusiasts believe that the market share of decentralized exchanges could increase significantly in the future.
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