When and why did the word ‘altcoin’ lose its relevance?

All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for one reason: there was a rise in projects copying and pasting Bitcoin’s source code. Early-stage cryptocurrencies weren’t unique enough to have a distinct term, so “altcoin” (altcoins) fits their description better. At that point, the community didn’t think much of other cryptocurrencies due … Read more

Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits – Mining Bitcoin News

After the difficulty of mining bitcoin jumped to an all-time high of 26.64 trillion, the total hash rate fell due to the difficulty rising and the bitcoin price dropping. This weekend, Bitcoin’s hash rate reached 189 EH/s, after dropping to 167 EH/s three days ago. The drop in price and the difficulty of rising have … Read more

Blockchain metaverse ecosystems gain traction as brands create digital experiences

Billion-dollar companies are beginning to invade the Metaverse as consumers show a growing interest in virtual and interactive 3D experiences that happen online. While the “Metaverse” is still a new concept, research firm Strategy Analytics has found that the global Metaverse market is expected to reach nearly $42 billion by 2026. That could very well … Read more

Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions – Market Updates Bitcoin News

Cryptocurrency markets have fallen significantly in value over the past two weeks and the lower prices have not increased trading volumes. Data shows that the size of the cryptocurrency market has fallen from $1.4 trillion in November 2021, to $593 billion in volume this month. Bitcoin futures open interest and volumes have fallen dramatically over … Read more

NFTs and DeFi overturn a banker‘s generational curse of poverty in 2 years

Brenda Gentry, a former US mortgage underwriter from Texas, believes that the cryptocurrency ecosystem offers a fighting chance to overcome the intergenerational curse of poverty. nobles, or ScriptumumShe left her decade-long job as a banker to pursue a full-time crypto career as her initial investments from early 2020 underlined the “unprecedented opportunities offered by crypto”. … Read more

How to pick or analyze altcoins?

What are alternative currencies? The word “altcoin” is derived from “alt” and “currency”. Altcoins refer to all alternatives to Bitcoin. Altcoins are cryptocurrencies that share characteristics with Bitcoin (BTC). For example, Bitcoin and altcoins have a similar underlying framework. Altcoins also work like peer-to-peer (P2P) and token sharing systems, much like Bitcoin. Of course, there … Read more

Value Locked in Defi Slides 21% in 2 Weeks, $200B TVL Still 10x Larger Than This Time Last Year – Defi Bitcoin News

The value booked in decentralized finance (defi) has decreased by 21.22% since January 4, 2022. At that time, the total value booked (TVL) on a specific face was $255.84 billion and today, the total value of TVL is approximately $201.55 billion. TVL in Defi loses $54 billion in two weeks While the cryptocurrency markets have … Read more

Forget apes and penguins — Let’s talk diapers, hardware and museums

While the likes of Bored Apes and Pudgy Penguins make headlines, and the potential for decentralized finance (DeFi) and pay-to-play games is undoubtedly large and exciting, the marketing potential of non-fungible tokens (NFTs) deserves just as much attention. It boils down to this: with NFTs, almost anything can be used to promote desired marketing outcomes. … Read more