Cryptocurrency is on the lips of investors, customers, developers, regulators, and everyday people on the street. Some of the terms and slang used in cryptocurrency can be troublesome if you coming across them for the first time. In this article, we will guide you through 20 crypto slangs every crypto enthusiast should know.Let’s jump right in.Satoshi NakamotoNo one knows who Satoshi Nakamoto is, but what we do know is that he is the one that penned the white paper for bitcoin. He is credited with creating bitcoin, and it is estimated that Satoshi Nakamoto would be worth billions.Decentralized apps (dApps)Decentralized Apps are outside of the control of any single authority. DApps are digital applications that run or exist on a Peer2Peer network of computers on a blockchain.Initial Coin OfferingInitial coin offering or otherwise known as initial currency offering is a type of funding instrument that uses cryptocurrency. They are the most popularly crowdfunding campaigns, however, a private ICO can source funds without the need of the public.Private KeyA private key is a secure password that enables you to access your cryptocurrency funds. That can consist of a string of numbers or letters and should always be kept safe.Decentralized finance (DeFi)Decentralized finance is a blockchain-based form of finance. They do not rely on central financial intermediaries like brokerages, banks, and exchanges. They utilize smart contracts on blockchains, and the most common blockchain used is Ethereum.BlockchainIn simple terms, blockchain is a system that is used to record information and makes it virtually impossible to hack, change or cheat the system. In essence, blockchain is a ledger of transactions that are duplicated and distributed over a network.Crypto WalletA crypto wallet is a program or physical hardware wallet that stores your private keys. It is also used to digitally sign transactions.GasGas is a word…
Ethereum
Two Data Points to Watch As Bitcoin Aims for 6-Figures
Four Bitcoin ETFs could be just around the corner as the SEC signals that approval could come as early as November this year. Meanwhile, here are two technical data points to watch out for as Bitcoin heads towards 6-figures.Let’s dig in.After years of waiting for a US-based Bitcoin Exchange Traded Fund (ETF), the crypto community might finally get its hands on four mainstream financial products by the end of the month.Check out the full article here!Bitcoin has set a precedent to continue the bull market towards all-time highs, potentially completing the 5th and final explosive leg up by the end of Q4.Since the last newsletter, BTC/USD has chopped in between $53,000 and $57,000 — having reached the upper limit of the resistance zone this morning.Still, bitcoin continues to demonstrate strength as buyers step in, with over 80% of the circulating BTC supply being Hodled. This changes the dynamic for forward-looking investors who must now be aware of two things:Funding ratesCommon bull market projection modelsFrom this point on, investors should take my analysis with a grain of salt. After all, nobody can see the future; all we can do is have the courage to act on our convictions using the tools at hand.With that out of the way, let’s consider the charts.Taking recent history into account, Bitmex Funding rate spikes in either direction have marked both the all time high ($64,900) and the bottom ($28,800), with 0.27% connoting prices nearly 10% away from ATHs, and -0.025% denoting the bottom within a 4.4% margin of error. That’s quite accurate. While history is no guarantee, taking profits as funding rates spiral out of control has historical precedent behind it.Nevertheless, it’s worth considering other popular projection models for the BTC bull market. If Bitcoin is within the 5th wave of a five-wave macrostructure (per…
Unlike Facebook, Bitcoin Is Never Down — Analysis, 11 Oct
On Monday, October 4th, Facebook, the most popular social network globally, went down. The outage continued for hours, and millions of users remained without access to the Facebook services.Source: TwitterThe crypto community took advantage of Facebook’s weakness and praised Bitcoin by underlining that Bitcoin is never down:Source: TwitterA cryptocurrency enthusiast with the handle @de_school on Twitter highlighted that the decentralized Bitcoin network is more reliable and works better than the networks of the current tech giants such as Amazon, Facebook, Google, etc.:Source: TwitterBusta Rhymes, a famous American rapper and record producer, voiced his view that the cryptocurrency community needs an alternative to Facebook, namely, a blockchain-based decentralized social media platform:Source: TwitterThe famous American singer received an immediate answer from the developers of HIVE Blockchain. They clarified that a decentralized alternative to Facebook already exists. It has over 2 million users and runs on the blockchain of HIVE:Source: TwitterAnother intriguing event that took place last week was the statement of Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chair, that the SEC has no plans to ban cryptocurrencies:Source: TwitterGensler’s announcement supported the crypto market, and the prices of the leading cryptocurrencies such as Bitcoin, Ethereum, etc., have started to increase.After another positive week for most major cryptocurrencies, the Monday market starts with mixed price dynamics. According to Coin360.com, one Bitcoin costs €48,969.53 (+2.02%), one Ethereum — €3,040.60 (-1.69%), one DOGE — €0.2008 (-3.88%), and one UNI — €21.12 (-4.88%):Source: TwitterNow, let us analyze the price charts of the leading cryptocurrencies against the euro in the most noteworthy time frames.BTC/EURIn the 4-hour chart (4H), BTC/EUR has already clearly exited the Bullish Flag (common trend continuation pattern) and has resumed the uptrend:To figure out the potential price targets, we will use the height of the flag pole and the Fibonacci retracement levels.…
Interview with Jason Dekker the CEO of Dragon Mainland.
Dear Jason Dekker, thanks for taking the time to join me in this interview to educate our community on Dragon Mainland. Can you give us a brief introduction to you? What is your story, dating back as far as you wish?My quick background is I started off as a stock market trader in the late 1990’s trading Internet stocks. Did very well and started my own hedge fund and ran it up to $300 Million USD at its peak.Then I was a founder of a Biotechnology company sold to a publicly listed Nasdaq company. Had an organic food and beverage company sold to my former business partner.Then I was the CEO and Founder of GoChain where we successfully raised $15 million USD and won the Binance community listing vote by the largest margin ever. At GoChain we partnered with several Fortune 500 and public companies like Microsoft, Dish Network, and Enviva. GoChain has primarily turned its focus to Supply Chain with its Chainsparency platform. They also have an NFT platform called Zeromint.There’s more but I’ve had a very successful corporate background and been active in the blockchain crypto space for the past 6+ years.Why did you get involved in the cryptocurrency industry, and where do you think the industry will be in 5–10 years?The encryption industry is a trend in the future and it is also the best solution for traditional companies to break the ice. According to the development of the encryption industry in the past few years, more and more traditional investments or companies have joined that. The crypto market is huge. And I think the crypto market will usher in a spurt of development in the next 5–10 years.That’s amazing. Now can you give us an introduction to Dragon Mainland and its history?Dragon Mainland is a brand…
BNB Fintech Set for New Beginnings and Launching Payment Solutions
After a recent presale of BNBCH, the BNB Fintech is announcing new developments. Among the developments include token price increases and listings in top sites.BNB fintech is a network introducing crypto-focused payment solutions for the benefit of enthusiasts. At the start of October 2021, the network held its public presale and sold 280k BUSD in merely 7 minutes.Later, four top crypto networks Coinmarketcap, Coingecko, Livecoinwatch, and Worldcoinindex, listed the BNB Cash coin. The listing comes when the network is planning to launch services very soon. According to their Twitter page, Worldcoinindex listed BNB Cash as a utility token.After the start of the presale and listing on Coingecko, the BNBCH vastly grew in value. For instance, within 24 hours of launch, the BNBCH value increased from 0.016 to 0.089. A few days later, the coin hit $0.174195, an over 1000% increase. The community has been vastly supporting this project recently.As mentioned earlier, the BNB fintech prides itself in providing top payment solutions based on crypto.BNB Fintech’s Payment SolutionsAs a payment gateway or payment solution, this platform introduces multiple tools to achieve its objective. One such tool is the P2P crypto marketplace. In the marketplace, individuals will buy goods and services directly from merchants using cryptos. The primary token used will be BNB cash. But, in the long run, the network will add more tokens as they aim to reach the entire crypto space.Another tool coming soon is debit card support. Due to the increasing use of Debit cards, it’s generally a good idea for BNB Fintech to provide a similar solution. They plan to work with Simplex to help integrate BNB Cash into popular debit cards like Mastercard and Visa.BNB Fintech also introduces a point of sale system. Today merchants may fear accepting crypto because they don’t have a proper tool.…
How to build an NFT Marketplace on Polygon (Matic)?
The process of starting an NFT marketplace on the Polygon is an intelligent move. Success in this stream revolves around you crafting things in alignment. One thing you must focus your attention on is developing the blockchain. Many entrepreneurs start an NFT marketplace using the convention blockchain with the ERC-721 and ERC-1155 standards. While the standards are not outdated, it is tough to find an audience using this development platform.Hence, it is wiser to start an NFT marketplace using Polygon Blockchain. Yes, here, you will learn the process required for a Polygon NFT platform.Overview of Polygon BlockchainPolygon was first called Matic. The platform is a layer two scaling solution for the Ethereum blockchain. Matic helps build and connect Ethereum-compatible blockchain networks. The primary purpose here is to create a blockchain network where users can fully utilize the numerous advantages the Ethereum ecosystem provides.The polygon network can complement the Ethereum network by providing security, modularity, scalability, and interoperability for all users. Currently, Polygon provides scalability to any blockchain trying to connect to the Ethereum network. Security is the most extensive advantage Polygon offers users. The security is thanks to the base Ethereum network providing a high-security level through smart contract layer and node distribution. Additionally, Polygon has low gas fees, making it an attractive platform for many users.Building an NFT marketplace on PolygonA typical NFT marketplace is where users buy, sell or view digital assets from other users. This platform allows users to purchase assets at a fixed price or bid for them at an auction. An NFT marketplace on Polygon works on secure technology provides easy accessibility to everyone and boasts multi-chain compatibility.Overview of a Polygon NFT PlatformThe big trend of NFTs resulted in the frenzied development of multiple digital marketplaces. Polygon is a renowned blockchain network verified by Ethereum…
Untold stories of the NFT Boom
Victor Langlois is one of the world’s leading digital artists. Also known by his alias FEWOCiOUS, he has staged successful releases, including two trailblazing collaborations with RTFKT studios. In addition, he has also collaborated with Odius, Parrotism, and others. He has managed to make millions of dollars in sales along the way.My Mama’s Dream, 2021.Hearing authors narrate their own work reveals the voice they imagine inside their heads when writing. The same can be said of artists. The bidding for his NFT started on SuperRare, an NFT marketplace. “I can’t believe this. The auction is at 40.7 ETH.” He said to one of his friends. A year ago, Langlois was a broke High school student living in his grandparent’s basement.“It takes 10 years to become an overnight success”- Jeff BezosIt would sound like he was an overnight success, but long ago, he had been drawing acrylic paintings. Periodically, his grandmother would peek into his room, and he would show her his paintings. She would dismiss his paintings as “ugly.” Little did she know that the seeds were being sown for her grandson to become an overnight success.Those paintings she called ugly were soon to be worth thousands of dollars. He now lives in his own home in Seattle. Thanks to the power of blockchain, artists like Langlois can get rewarded for their creativity in ways they never dreamed possible.At the start of the bid, a popular NFT art collector called @thegreatmandol offered 15ETH for the digital painting. As at that time, 1ETH was $1,600. This means the digital piece of art had just been sold for $24,000. But it was not over. Another collector @yeahyeah offered 18 ETH. Finally, it sold for $75,000.Soul Curry ArtLiving in the basement compartment is not a new thing. Many great entrepreneurs today started from…
PlanB: Bitcoin Could Reach $288,000 this Cycle
In this edition, we discuss where the top players in crypto expect the bitcoin price to land as the bull market returns.But as the pioneer crypto steals the show and capital flows back to the king, where does this leave altcoins, decentralised finance, and yield-bearing crypto products?Let’s dig in.PlanB — the chart analyst behind the stock-to-flow model says Bitcoin could reach $288,000 or more this cycle. The analyst has over 25 years of experience in institutional investing.Check out the full article here!The Bull market is BackThe bull market is back. Bitcoin extended its rally to the top of the wedge ($52,000) and then some during Wednesday trading. The new local high of $55,300 cements the trend reversal in the broader cryptocurrency market, with prices being only 17.5% away from all-time highs.At the time of writing, prices are above all key moving averages and indicators with virtually no overhead resistance except for the $55,000 — $57,000 region. If BTC/USD starts to lose $49,000 on a closing daily basis, then it will be time to revisit the High time frame picture. Until then, the Q4 outlook is clearly forward-looking.Aside from that, there isn’t much to talk about with regards to prices that haven’t been said already.Notably, Bitcoin has taken the limelight from altcoins during this upthrust. In fact, BTC.D has surged 6.4% since prices bounced from $46,800 on October 4th.Capital flows are funnelling into Bitcoin, and it would not be surprising to eventually hear rumors of central banks adopting BTC as collateral once the ongoing monetary crisis reaches its apex. El Salvador has rattled the cages, and it would be naive to think that this is the end rather than the beginning of a trend among countries. But I digress.Normally, BTC/USD tends to print new all-time highs before money circulates back into…
What are NFT Games?
NFT games have created a new buzz in the crypto and blockchain space. Play-to-earn models evolved from the early-stage NFTs like CryptoKitties. By integrating finance with the gaming industry, a whole new space, known as Game-Fi, is providing opportunities to earn income by playing games.Within NFT games, players can earn in multiple ways. While traditional models of earning through gameplay involve finding, winning, or breeding rare collectibles, players can choose to experiment with various gaming models. One of the prototypes gaining significant popularity is “Play-to-Earn.”An NFT (non-fungible token) represents a unique item. It is a digital cryptographic token developed on blockchain technology. NFTs have multiple use cases, like digital assets in a game, a collectible piece of crypto art, or a real-world object like real estate.NFT games are different from the virtual collectibles that can be held in our wallets. They involve NFTs in the rules, mechanisms, and player interactions in the game. For instance, within an NFT game, a unique character or avatar could be an NFT, or virtual items like the weapons used in the game could also be NFTs.Players can swap or trade the NFTs with other players to earn profits. The new model in NFT games, i.e., the play-to-earn model, offers players a way to earn from NFT games. The NFT game is created by implementing rules and conditions in a smart contract.Play-to-earn NFT games offer the chance to generate income to the users through playing. The longer they play, the more tokens and occasional NFTs will be rewarded to the players. The tokens earned hold utility inside the game, or they can be sold on exchanges. Typically, In this model of NFT games, users can consistently earn tokens along with the rare distribution of NFTs.Axie Infinity has emerged as one of the popular play-to-earn NFT…
Are NFTs secure?
Photo by DrawKit Illustrations on UnsplashNFTs have been a hype for the past year. Not gonna lie, I don’t really understand why. I know what they are and how they work, but I don’t get why everyone is so excited about them. When I first heard about NFTs, my first thought was: “Are they secure?”. The answer is always the same “Nothing is 100% secure”. So in this post, we will discuss the security issues around NFTs.NFT stands for Non-Fungible Token. By definition, these tokens cannot be replaced; each is unique. For the most part, they are part of the Ethereum blockchain. The token is a certificate of ownership. You can get an NFT of your favorite painting (if you have the money for it), or a token representing a football player, a meme, anything you can think of, even an emoji. What’s the kick? You’re the only one who owns it, no one else can claim it. But if you bought a meme, everyone else has access to it and can use it. Same goes for clips of youtube videos. Worse, what if the artist decides to sell multiple digital copies of their artwork. Your investment which was worth X amount could lose its monetary value. Something I found mindblowing is Hacker Fantastic, who put up a denial of service zero-day exploit NFT for sale. You read that right, you can own an exploit (see the tweet below)! However, nothing stops others from finding this vulnerability and exploiting it.Are these tokens secure, or can you still get scammed? As always, attackers are super creative and opportunistic. So yeah, you can get scammed. Does it mean you should not invest? That’s not what I’m saying. Buying NFTs is an investment like any other, so do your research before jumping in…