Friday, January 28, 2022

Don't be fooled by cheating on XRP!

 

If you get an email allegedly from Ripple , encouraging you to enter your details, stay away, it's a scam and an attempt to extort sensitive information!

The e-mail, the content of which you can view below, is an attempt to fraud and steal data, and as a consequence, it is likely to lead to the cleaning of the cryptocurrency wallet.

ripple scam

This popular method of impersonating cryptocurrency exchanges or other entities from the industry is a common method of phishing data, which in turn leads to loss of funds by the victims.

Remember to never log in to your accounts on the cryptocurrency exchange or to cryptocurrency wallets using the links received in the emails. Use only official and trusted sites to log in. And never, under any circumstances, put your recovery phrase there, the loss of which is equivalent to the loss of cryptocurrencies.

Blockchain scam

A popular scam method that we described on our website is impersonating "Blockchain" or "Binance" or another cryptocurrency company. In the comments under the entry " Blockchain calling you? Don't pick up! It's a scam ”, you'll find stories from many people and detailed how the scammers proceed.

First, you are called by a person impersonating "Binance" or "Blockchain" or another company associated with the cryptocurrency industry, he knows your name and e-mail address and most often tells you that you have to withdraw funds and must obtain further information from you . And here some inexperienced users can be manipulated and walk on a string of lines leading to extortion of money by the fraudster.

Often in such cases, the scammer asks you to install an Anydesk application that allows him to remotely access your screen, allegedly to guide you through the payment steps of the alleged funds. When you hear someone asking you to install this type of software, let the red lamp light up immediately, because it can lead to cleaning not only your cryptocurrency wallet but also your bank account!

We encourage you to read the comments of people who have had to deal with such a situation and describe exactly how it works.

What is metaverse - virtual reality coming soon in Zuckerberg's application

 

What is metaverse

This term describes the concept of a virtual world in which people can meet, work and do virtually everything in real life, with the difference that it is a digital representation.

There is no fully functioning metaverse reality yet, but a very similar experience can be obtained by participating in computer games. Probably the metaverse will be a much more extended world, allowing you to carry out many life activities in front of your computer screen.

Cryptocurrencies , blockchain technology or the NFT non-convertible tokens created on their basis can perfectly fit into the approaching reality of metaverse .

It should be noted that the world's great giants, such as Facebook, which has recently meaningfully changed its name to Meta, are the ones who pave the way for creating a reality that may soon replace our real life to a large extent. The world of cryptocurrencies has been buzzing for months with news related to the metaverse, from research conducted to plots bought in the virtual world for millions of dollars.

The concept of metaverse was first introduced in 1992 in the sci-fiction novel Snow Crash by Neal Stephenson. Created as a fiction, the metaverse will most likely become our real reality soon.

Metaverse by Meta Zuckerberg

Meta, known to everyone as Facebook, has announced the launch of a new supercomputer for artificial intelligence research, which will consequently be the next step in building a new metaverse platform.

Designed by Meta, the supercomputer AI Research SuperCluster (RSC) is, according to its creators, the most powerful machine of this type in the world. The computer is one of the fastest and most advanced research tools for artificial intelligence (AI). The RSC has been designed in such a way as to be able to analyze a huge amount of data in a short time, construct billions of models, and easily analyze text, images and video in hundreds of different languages.

The decision to build a new computing infrastructure was made by Facebook at the beginning of 2020, of course, research and development of earlier versions of computing platforms of this type have been going on for many good years. To make users more aware of the power of the infrastructure being built, Meta used this comparison: "We wanted this infrastructure to be able to train models with more than a trillion parameters on data sets of one exabyte - which, to provide a sense of scale, corresponds to 36,000 years of high-quality video. . "

Chinese metaverse

It didn't take long for a response from the Chinese to have their own metaverse world. A platform called Xi Rang is created by Baidu, which is the Chinese equivalent of the Google search engine. There are significant differences between the metaverse created by Meta and the Chinese one, which does not change the fact that the purpose of both is exactly the same: transferring real life to the virtual sphere.

Wednesday, January 19, 2022

Vitalik Buterin: Ethereum 2.0 | Lex Fridman Podcast #188

Bitcoin: Will A Capitulation Fuel The Next Rally?

Before #Bitcoin sees sustained uptrends that last more than a few weeks, we often first have to see some type of capitulation candle with a lot of volume. Since we have not seen that yet, can we really be optimistic of immediate new all-time-highs for #Bitcoin? In this video we look at prior capitulation candles that carried a lot of volume and how they fueled the next impulsive move by #Bitcoin.

🚨INSANE ACCUMULATION GOING ON FOR BITCOIN!!! (⚡️Kasta Launch Live)

All content on Bitcoinsensus.com is provided for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any product, service or investment. The opinions expressed on Bitcoinsensus does not constitute investment advice and independent financial advice should be sought where appropriate. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Bitcoinsensus will not be held liable for any of your personal trading or investing decisions. Bitcoinsensus will not be held liable for any losses that you may incur by speculating in the market.

BITCOIN PUMPING LIVE | MY TRADES & PLANS

 

DISCLAIMER: All of the content available through this channel is for educational purposes only. This is not financial advice and Jayson Casper is not liable for the outcomes of your investments or trades. Make sure you understand the risks involved in trading and investing by consulting a professional financial adviser, accountant or tax professional, and/or lawyer. Jayson Casper and employees or representatives will NEVER manage or offer to manage a customer or individual's binary options, options, stocks, cryptocurrencies, currencies, futures, forex, or any financial markets or securities account. If someone claiming to represent or be associated with Jayson Casper solicits you for money or offers to manage your trading account, do not provide any personal information and contact us immediately. I DO NOT HAVE A TELEGRAM OR WHATS APP ACCOUNT - BEWARE OF SCAMMERS!

BITCOIN: 97% WILL LOSE MONEY!!!!!!!!

 

I agree that it definitely could be possible. The inflation rates are probably much higher than what the feds are saying (7%). And honestly the entire crypto space seems to have died down a lot yet we're still holding 40K. I wouldn't be surprised if we hold 40K and see another massive run soon. It could always go the other way though. Either way I'm holding and buying more if it dips.

🚨WARNING!!! BITCOIN VOLATILITY COMING!!!!!! (Opportunity levels)

Tuesday, January 18, 2022

Walmart is getting ready for the metaverse and the digital currency issue

 

Retail giant Walmart has registered new patents proving the company's research into the metaverse space and the possibility of issuing its own digital currency and NFT tokens. 

Patent applications to the Patent and Trademark Office were submitted by the company at the end of 2021. They show that the company intends to manufacture and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products.

In addition, the company is exploring the possibility of introducing a digital currency and issuing NFT tokens. Another filing shows that Walmart is thinking of creating a trademark in Virtual Reality (VR) and Augmented Reality (AR), with the possibility of introducing "fitness training services" in VR and AR.

Walmart said in a statement that it "is constantly exploring how new technologies can shape future purchasing experiences." And he added, “We are constantly testing new ideas. Some ideas become products or services that go to customers. And some we test, iterate and learn from them. "

Walmart is moving towards virtual currencies and metaverse

The Walmart network has been researching the cryptocurrency sphere for a long time, an important tip was the publication in August last year of a job offer for a "leader in digital currency and crypto product". The offer was pulled shortly after, and it is unclear whether the right person was hired.

In October, Walmart also began working with Coinstar and the Coinme cryptocurrency exchange to install 200 cryptocurrency exchange devices in its stores .

In addition, since 2018, Walmart has been using blockchain technology to manage the supply chain as well as the customer base and support for smart devices.

According to people familiar with the industry, the recent change of the name of Facebook to Meta was the impetus to start even more intense activities towards metaverse and virtual reality. There are many indications that virtual reality is getting closer and soon metaverse may become the main space of human life.

Monday, January 17, 2022

China and Hong Kong are testing digital yuan for cross-border payments

 

Chinese authorities announced that the next phase of testing the digital yuan for interstate payments with Hong Kong has begun.

President of the Mu Changchun People's Bank of China Digital Currency Research Institute. informed that the first phase of research involving digital currency intended for cross-border transactions with Hong Kong has been successfully completed and the next stage will be started, this time related to quick payments.

Subsequent tests will cover the Fast Payment Service (FPS) system, which is an interbank digital payment system in Hong Kong. The tests will also check the adaptability and ease of use of the digital yuan for ordinary residents.

In the future, when mainland tourists use digital yuan to make purchases in Hong Kong, the currency will be exchanged between the two wallets and local sellers will receive Hong Kong dollars, so no conversion will be necessary

Mu Changchun

Changchun also spoke about the mBridge project, which is overseen by the Bank for International Settlements and aims to build a "financial bridge" between China, Hong Kong, Thailand and the United Arab Emirates. Hong Kong's participation in this project may result in its expansion to other countries in the world. 

The digital yuan is one step away from introduction

The digital currency tested by the Chinese government will probably be the first of its kind introduced in the world. Pilot programs have been going on for more than a year and are testing the currency both in internal payments and between countries. The digital yuan has already been used in millions of transactions and its applications are constantly expanding.

The Asian region, and in particular China, appear to be the most advanced in testing new digital payment methods. European and American efforts in this direction are still at a very early stage, hence the high probability that the digital yuan will be a pioneer on a global scale.

Musk prefers DOGE to Bitcoin

Elon Musk wrote on his Twitter that Tesla will start accepting payments in Dogecoin. In addition, Tesla's boss openly admits that he recognizes Dogecoin's superiority over Bitcoin in many respects.

During an interview with Time Magazine, Musk said, “ Bitcoin is not a good substitute for a trading currency. Even though it was created as a silly joke, Dogecoin is better suited for making trades. The total cash flow that is performed with Dogecoin, similar to daily transactions, has a much higher potential than with Bitcoin "

The arguments put forward by Musk then prompted the decision to try DOGE to pay for Tesla's products, apparently, however, purchases will be limited to certain accessories and products sold by the company. Tesla will try how this payment model works and will decide whether to continue it.

Earlier this year, Tesla accepted Bitcoin for payment for its cars. However, she later withdrew from this decision, explaining that Bitcoin had a negative impact on the natural environment. Mining BTC consumes huge amounts of electricity, and this for Elon Musk makes it impossible to implement cryptocurrencies in global payments.

In an interview with Time Magazine, Musk puts forward quite different arguments, primarily the high costs of transactions in the Bitcoin network. This may mean that, contrary to earlier assurances, BTC will not be re-accepted as a form of payment for Tesla cars.

This is the next chapter of the endless epic called "Elon Musk and Dogecoin". The DOGE price quivered slightly after this statement, but it failed to overcome the negative sentiment currently prevailing in the cryptocurrency market.

Saturday, January 15, 2022

Trump's wife enters the NFT world

 

Melania Trump has launched a platform for selling works of art in the form of non-convertible NFT tokens.

The first work on the platform will be a graphic depicting the cobalt eyes of the former first lady entitled "Melania's Vision". NFT tokens will be built on the Solana blockchain , and the platform itself is to be powered by the controversial Parler social network. 

The artwork was made by artist Marc-Antoine Coulon and was initially priced at 1 SOL. The current price for the artwork is $ 176.35. The artwork is available for sale from today until December 31.

The NFT tokens created by Melania Trump will be created on the Solana blockchain and as the Solana Labs team admitted it was not their idea: “We wanted to inform, to avoid any confusion, that the choice to use Solana blockchain was completely organic and this project is not part of any initiative led by Solana ".

Ms Trump announced that more NFT tokens will appear on the platform in the future. The former First Lady also added that an auction will be held on Jan. 11, which will sell both digital and physical artwork.

According to a statement on twitter, the platform is "powered by Parler," a controversial social networking site popular with right-wingers and extremists. Parler has been removed from various app stores, following controversy over opposing the US government.

Controversial elections by Melania Trump

This is a somewhat puzzling choice on the part of a former First Lady of the United States. Even more spice is added by the fact that former US president and husband of Melania, Donald Trump bluntly expressed his disapproval of Bitcoin and cryptocurrencies. Rather, it can be safely assumed that he was also not a supporter of the NFT.

Opera will add Polygon to its digital wallet

 

Opera Browser intends to add support for the Polygon cryptocurrency to its digital wallet in early 2022.

Opera intends to open up access to Polygon to 80 million Android users to begin with, and then expand the service to other mobile devices and platforms.

Polygon as a solution for scaling the second layer of Ethereum was created to eliminate the biggest problems faced by ETH users, namely high gas charges and free transaction time.

Thanks to integration with Polygon, users will gain access to decentralized dApps applications such as Sushiswap, Curve and Aave as well as games based on blockchain technology and platforms offering trading with non-exchangeable NFT tokens such as Decentraland, Opensea and Sandbox.

"This integration will enable hundreds of millions of active Opera users each month to benefit from Polygon's thriving dApps ecosystem and best-in-class Web 3.0 technology," said Arjun Kalsy, vice president of development, Polygon.

Ethereum's tier two scaling solutions are gaining more and more interest as they offer a solution to the most pressing problem facing ETH users: high fees. At the end of September, we reported that the number of active Polygon addresses exceeded the number of addresses in the first Ethereum tier .

Polygon is currently in the 14th place on the CoinMarketCap (CMC) quotes, its price in the last 24 hours has increased by 14%, and over the past week by as much as 40%.

Polygon and Solana in the Opera portfolio

Not only will Polygon be integrated into the Opera digital wallet in early 2022, the browser development team recently announced that it will also add support for the Solana cryptocurrency. Opera will become the first browser to support Solana-based decentralized applications, ahead of Brave.

Solana, like Polygon, is valued for the speed of transactions and low fees. Its capitalization is valued by the CMC of $ 57 billion, which places the cryptocurrency in a high fifth place in the ranking.

Dogecoin available for payment at Tesla's store. Elon Musk confirmed it

 

Elon Musk and dogecoin are one of the most iconic duos of 2021. It seems that this is not the end of the eccentric billionaire's involvement in the DOGE-related activity, because as it turns out, Tesla, of which Musk is the CEO, is working on the possibility of implementing payments in a doggy memecoin.

  • A month ago, Musk announced the possibility of introducing payments in DOGE
  • From Friday, January 14, you can buy small gadgets and gifts in the Tesla online store
  • You can only pay for some products using DOGE
  • More interesting articles can be found on the Comparic.pl home page

Tesla introduced payments in DOGE for gadgets

Dogecoin can be used for payments in Tesla's online store. At the moment, it is possible to buy Tesla-related gadgets, mainly clothing. The new functionalities were advertised by Elon Musk himself on his twitter profile:

- Tesla's clothing gadgets are available for purchase in Dogecoin. - announced the CEO of Tesla Inc. and SpaceX.

It is currently unclear if and when Tesla can finally accept payment for its vehicles in dogecoin, which Musk previously said may be his favorite cryptocurrency.

The possibility of buying gadgets for DOGE is available not only to US customers. Interestingly, at the time of writing, DOGE seems to be the only way to buy certain items as the regular payment methods have disappeared for them. This is the case with this purchase of "S3XY" (this acronym is a collection of vehicle model names offered by Tesla):

As a reminder, for just over two months, from February to May 2021, Tesla accepted Bitcoin payments for cars produced by the company. However, the company withdrew from this practice due to the environmental problems of using bitcoin, namely the high energy consumption required to operate the network. We wrote about it here: The price of Bitcoin has collapsed as a result of Tesla's decision to withdraw payments in BTC

Back then, Musk argued the Tesla movement as follows:

- Tesla suspended the possibility of buying vehicles using Bitcoin. We are concerned about the growing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of all of them. - emphasized the CEO of Tesla Inc. - Cryptocurrencies are a good idea for many reasons, and we believe it has a promising future, but this must not become a huge cost to the environment.

See also: PayPal is considering issuing its own stablecoin

Cryptocurrency tax - a new application to support settlements

 

Cryptocurrency traders have more and more tools and services offering tax returns for cryptocurrency trading.

A project for Polish taxpayers speculating on cryptocurrencies has just been created, a Polish IT company has presented the Bitraport program, which solves the problem of a complicated issue related to the calculation of the tax on the purchase and sale of cryptocurrencies.

Compared to the existing solutions, the application is distinguished primarily by its technical approach to the calculation method. It is mainly about the emphasis on the privacy and security of our stock exchange operations. Cloud is indeed a great solution for many areas of the IT world, very often irreplaceable, but there are situations where a classic computer program is still the best solution.

The program is not a SaaS server application, but a classic program for Windows computers, it is worth emphasizing that to store the history of operations on the basis of which it makes calculations, Bitraport does not use the company's servers or other computing cloud.

Bitraport naturally downloads and converts the current and archived foreign exchange rates needed for the calculation when we trade a currency other than the Polish zloty. The program generates reports with a detailed list of transactions in several of the most popular formats, such as: PDF, XLS, ODS and others.

Bitraport supports multi-accounts, so it will also be used in accounting offices and may turn out to be a very useful tool for tax advisors who support settlements. The official launch is scheduled for the first half of January, until then you can take advantage of the promotion by subscribing to the list of applicants at: bitraport

These 6 networks are growing faster than Ethereum in terms of the growth rate of development activity

 

While Ethereum is ahead of other blockchains in terms of the number of developers, other networks are catching up with the rapid increase in the pace of development activity. Electric Capital, a company that conducts research on the cryptocurrency market , recently published a report which shows that competitors such as Polkadot, Solana, NEAR Protocol, Binance Smart Chain, Avalanche and Terra are making dynamic progress. 

  • There are many more developers working on the second largest cryptocurrency project than on Bitcoin
  • The networks, i.e. Polkadot, Solana, NEAR Protocol, Binance Smart Chain, Avalanche and Terra are developing faster than Ethereum in terms of the growth rate of development activity
  • More similar and interesting articles can be found on the Comparic.pl home page

Ethereum in a dominant position

The network of the second largest cryptocurrency is still in the lead when it comes to the number of active developers working on it on a monthly basis. In this respect, it even surpasses Bitcoin.

According to data provided by Electric Capital, more than 3,320 active programmers are interested in Ethereum than in the blockchain of the oldest cryptocurrency. 

Experts analyzed 500 thousand. code repositories and 160 million of its commits that are changes or updates. In their report, they emphasized that the number of programmers active during the month in all networks increased to over 18,400 people. 

monthly-growth-development-activity
Increase in developer activity on a monthly basis in all blockchain networks. Source: medium.com/@electric-capital

ETH's main competitors

Although Ethereum remains the undisputed leader, other blockchains are on its heels. It turns out that the networks such as Polkadot, Solana, NEAR Protocol, Binance Smart Chain, Avalanche and Terra are developing much faster than him in terms of the growth rate of development activity.

networks that grow faster than ethereum
Networks growing faster than Ethereum in terms of development activity. Source: medium.com/@electric-capital

The list takes into account the average monthly activity of programmers from December 2020 to December 2021. Solana recorded a 4.9-fold increase. It was followed by the NEAR Protocol with a 4-fold growth rate. The next place belongs to the Polygon chain, which has grown more than twice in this respect.

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The closest rival to Ethereum is Polkadot, but the network belonging to the second largest cryptocurrency still enjoys 2.8 times more development activity

Ether with strong drops

Over the past 7 days, the ETH price has dropped from around 3.9 thousand. hole. to levels near 3.1 thousand. hole. The current price of this cryptocurrency is 3.2 thousand. hole. It has lost more than 34% of its value since its ATH recorded in November.