5 Cryptocurrency to Buy for Price Recovery This Weekend – December Week 2 2021
The cryptocurrency market is struggling to maintain its value right now. Its total cap is now $2.37 trillion, down by just over 5% since yesterday. […]
World’s Leading Computer Hardware Retailer Finally Onboards Shiba Inu For Payments
Newegg, a global brand and leading retailer in all things PC hardware, gaming & tech is now accepting Shiba Inu as a payment option. According to the Thursday announcement, shoppers will now be able to purchase their merchandise at any of the outlets store and online using the canine token through Bitpay. Bitpay is the world’s […]
Bloomberg analyst predicts Bitcoin could hit $100k in 2022
With the year coming to an end in the next 22 days, the chance of Bitcoin meeting its $100k target is getting slimmer with each passing day especially as the coin recently witnessed a price correction that took it below the $50k level again.
The post Bloomberg analyst predicts Bitcoin could hit $100k in 2022 appeared first on CryptoSlate.
Novi Launches Whatsapp Integration Pilot Program for Selected Users in the U.S.
Novi, the remittance and payments initiative of Meta (formerly Facebook), has launched a Whatsapp pilot test for customers in the U.S. This means that a small number of Whatsapp users will be able to send and receive payments, as well as purchase digital dollars directly from the interface of the messaging service. This is an […]
Best Play2Earn Games and Who Leads the Industry
Blockchain-based play-to-earn (P2E) games are gaining traction by the day. Although still a gaming model, Play2Earn is different in that players are paid for simply playing the games. What makes the nascent field even more intriguing is that some blockchain-based P2E games reward their users with real crypto without a starting budget! But what are […]
How Blockchain Could Revolutionize Banking
Although for many people the word “blockchain” has become synonymous with the term “cryptocurrency,” that’s not all there is to it. Cryptocurrencies are just one…
The post How Blockchain Could Revolutionize Banking appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
Crypto’s Biggest Day In Washington – The Talking Points From The Side Of The CEOs
Six cryptocurrency executives met with Congressmen in Washington to chart a path for the burgeoning ecosystem. The CEO reiterated that cryptocurrencies were now too big to be ignored and sought improved regulatory clarity. Cryptocurrency regulation in the US is in the doldrums with the SEC stalling on approving cryptocurrency products. On Wednesday, top operators in […]
Crypto Price Analysis Dec-10: Ethereum, Ripple, Polkadot, Luna, and Avalanche
The majority of the cryptocurrency market is in red with a few exceptions. Let’s have a look at how some of the hottest coins of the week performed.
StackOS Announces Innovative Node NFT Program With High Rewards
StackOS, the decentralized cloud computing protocol, recently announced its visionary node program which is truly unlike any other. The unstoppable cross-chain cloud computing protocol that allows users to deploy full-stack applications, decentralized apps (dApps), blockchain privatenets, and mainnet nodes, found a way to combine two of the hottest crypto topics: NFTs and DeCloud. The Node NFT Innovation NFTs have been the talk of the town for a while now in the crypto world. Their use cases are expanding from being digital collectible art to a crucial part of DeFi. But StackOS has conjured up an innovation that allows them to use NFTs to propel the cause of decentralization further into the mainstream. Nodes are an integral part of decentralization. They allow individuals to participate in decentralization and make it more powerful. But so far, in most projects, launching nodes has been a huge task that usually requires certain technical ability and a fair amount of capital. With the StackOS Node NFTs, all you need is $200 and a computer with an internet connection. You can now mint a Node NFT and immediately be a part of their decentralization network without any technical knowledge. A Node NFT will allow you to create a slot for a node that a cluster operator can use. The way StackOS operates is that there are multiple cluster operators around the world. A cluster operator is one who runs a group of nodes that powers the decentralized cloud. Before this, a cluster operator could launch nodes by providing resources and locking up STACK tokens. But now, for a cluster operator to add a new node to their cluster, they need the Node NFTs to provide a slot and for this, the NFTs have to be minted by the community. This makes it very easy for an individual to participate in the network’s decentralization, because the more the number of Node Slots, the more the number of Node Authorities. In the StackOS ecosystem, Node Authority is an individual who has rights on the network governance. An individual can be a Node Authority if they hold more number tokens than the ratio of total tokens circulation and a number of Node Slots. It is truly revolutionary. But one might wonder about the incentives for minting a Node NFT apart from being a part of the network’s decentralization process. Node NFT Rewards There will be multiple generations of Node NFTs available with each generation only having a limited amount of mints available. For every Node NFT someone mints, they will receive 50% of the trading fees of future generations NFT trades in ETH & MATIC. So, the earlier someone gets in, the more they can earn in rewards. Not to mention, the NFTs’ intrinsic value also grows as more are minted and traded. If these rewards aren’t attractive enough, StackOS also offers a high APY program. In this program, you pay a fee of $100 in stablecoins every month per Node NFT and unlock an APY of 587%. Upon payment, users instantly receive $100 in $STACK which is available to withdraw without penalty in 3-months, and the additional rewards worth $80 are locked within the NFT. These will drip daily over a one-year time period. Additionally, users also receive 10% of the minting fee of every new Node NFTs along with 50% of the trading fee of future trades in ETH and MATIC as mentioned earlier. The innovation here to note is that the locked $STACK on the NFT and the monthly earnings by the NFT, increase the intrinsic value of the NFT, which can be traded at a much higher cost than the minting fee. Now, even the locked tokens are liquid and can be traded. All these rewards make this Node NFT program very interesting. Easy participation, low capital, and high rewards – a great model for incentivizing network participation. The dates are not confirmed but the StackOS team intends to launch the Node NFTs by the end of the year, providing its community with a unique and powerful holiday gift – the gift of decentralization.
EOS Community Revolts Against Brock Pierce’s Block.One, Won’t Pay 67M EOS
EOS and Block.One are back on the news. Is this one positive or negative, though? The EOS Network Foundation, a community-led organization, voted to decouple from Block.One. The ENF alleges that Block.One is no longer working for the benefit of the network. The company that created EOS will not get the 67M EOS that they had coming distributed over the next seven years. Even though the infamous Brock Pierce resigned from the company years ago, this will also affect his finances. Related Reading | Peter Thiel and Bitmain Invest in Block.one to Support EOS Ecosystem In The Present, What Does Brock Pierce Have To Do With Block.One? This might’ve been the last straw. Just last month, Block.one announced that they were selling 45M EOS at a discount to one of Brock Pierce’s ventures. “Today we are pleased to announce that we have agreed to transfer 45 million EOS tokens to Helios. Led by Brock Pierce, Helios takes aim at serving the EOS community through several high ambitions, including creating an EOS Venture Capital fund, facilitating the creation of institutional-grade EOS financial products, supporting the creation of infrastructure, tooling and documentation for developers, and organizing community events around education, networking, and use case development.” A pseudonymous Twitter user that broke the news, analyzed it as follows: 8.The #EOS community worked as one big DAO A excellent example of democracy through voting and DpoS The community is now well organized and in possession of hundreds of millions Watch out for #EOS with the foundation and @EosNFoundation taking the lead — PrrplFrog (@PrrplFrog) December 8, 2021 He says that “Block.One went in to a deal to sell their vested EOS tokens for a discount to their previous associate Brock Pierce!” And that, to stop this behavior, “The EOS community worked as one big DAO. An excellent example of democracy through voting and DpoS.” Even though the ENF is not a DAO, this might be a good example of how Decentralized Autonomous Organizations should work. However, should a decentralized protocol be so easy to control? Should the EOS Network Foundation be able to roll back a smart contract just like that? In any case, according to The Block, the company is not yet in control of the 45M EOS they promised Brock Pierce. “Eight million of the tokens were already vested and controlled by Block.one while 37 million are still vesting (meaning they haven’t been released by the network yet).” Is this transaction what the EOS Network Foundation wants to block? EOS price chart on Coinbase | Source: EOS/USD on TradingView.com What Did The EOS Network Foundation Want? The ENF was negotiating with Block.One. According to The Block, their goal was to “get hold of the EOS network’s intellectual property.” However, one of Block.One’s side projects, an exchange called Bullish, owns the IP. And Block.One “wouldn’t publicly commit to getting the intellectual property back.” What did the company do instead? They announced this: “In addition to the recently announced Helios transaction, today we are pleased to announce our intentions to offer the following grants of vesting tokens that are intended to be given over time, and subject to our token availability: EOS Network Foundation – 30m EOS Pomelo – 1m EOS EdenOS – 1m EOS” Related Reading | Cardano CEO Shares “Too Big Too Fast” Insight on EOS CTO Departure How did the EOS Network Foundation react? They wanted the IP, not tokens. So, they created this proposal, which was approved. The ENF director, Yves La Rose, took to Twitter to declare victory. “Through a super majority consensus, the EOS network has taken its future in its own hands. This begins a new era for EOS and highlights the power of the blockchain to enable a community to stand up against corporate interests that don’t align with theirs.” Through a super majority consensus, the EOS network has taken its future in its own hands. This begins a new era for #EOS and highlights the power of the blockchain to enable a community to stand up against corporate interests that don’t align with theirs. https://t.co/8l62MBG67C — Yves La Rose (@EosNFoundation) December 8, 2021 The community spoke. They will roll back the contract and block the 67M EOS that Block.One had coming. Where does that put them regarding the EOS network’s intellectual property? Does the ENF have any chance of getting that IP now? Featured Image by Valentin Salja on Unsplash | Charts by TradingView