Solana

Share to Twitter Share to Linkedin What would encourage you to do more exercise? The obvious answer, say the founders of STEPN , is cold hard cash. Their move-to-earn running app offers its users cash rewards to get more active and has already persuaded millions of people to sign up in the space of just a few months. It’s a simple enough principle, explains Yawn Rong, co-founder of STEPN. “We wanted to incentivise people to change their behaviour and do more exercise,” he says. “It’s a way to share the benefits of Web3 technologies with a new and diverse pool of fitness enthusiasts.” To participate, users must download the STEPN app and then buy a virtual pair of sneakers in the form of a non-fungible token (NFT). Once they’ve done that, each time they go for a walk, jog or run outside, STEPN’s GPS tracking and motion sensor technology monitors how far they have travelled and rewards them with tokens. These tokens can then be spent inside the game – on … [Read more...] about Meet STEPN, The Crypto App That Promises To Pay You To Get Fit

Share to Twitter Share to Linkedin From NFTs to token sales and memes, there is no shortage of hype around crypto. Beneath this noise, though, Chicago has been hard at work creating a premier crypto and Web3 ecosystem driven by purposeful public and private leadership. Building on the momentum of being recognized as one of the country’s leading innovation hubs last year, Chicago is uniting the Midwest as the gateway to some of the world’s most cutting-edge innovation in this sector. In addition to homegrown talent, many crypto companies have chosen to locate significant parts of their teams in the Windy City. Chicago is home to over 70+ crypto and Web3 industry innovators, such as Galaxy, Gemini, Stripe, PayPal, and most recently, FTX. Although my firm, HPA , has expertise in this sector and has invested in firms such as Stacked , an investment platform enabling smart crypto investing for everyone, and Glidera, which was acquired by cryptocurrency … [Read more...] about 20 Top Innovators Building The Chicago Crypto And Web3 Ecosystem

U.S. equity markets are falling, with the Nasdaq sinking deeper into correction territory as shares of streaming service providers drop. Key Takeaways U.S. equity markets are falling, on their way to further weekly declines, as the Nasdaq sinks deeper into correction territory. Shares of streaming service providers are dropping after Netflix reported slowing subscriber growth. Crude oil futures are falling for a second day. The yield on the 10-year Treasury note is sinking, now at 1.76%. Netflix, Inc. ( NFLX ) is the worst-performing stock in the S&P 500, with shares plunging on its slowing subscriber growth. The news is dragging down shares of The Walt Disney Company ( DIS ) and others in the online entertainment sector. Shares of smaller banks are continuing their week-long decline, led by Huntington Bancshares Incorporated ( HBAN ) following its earnings report. Shares of Intel Corporation ( INTC ) and other semiconductor companies are higher on … [Read more...] about Nasdaq Correction Deepens as Stocks Slide on Rate Concerns

Share to Twitter Share to Linkedin Key Takeaways: Bitcoin plunged in value this week, and other cryptos followed suit Some investors are losing their life savings, while others are considering buying the dip Q.ai’s Crypto Kit can help investors navigate the crypto world amid uncertain times It’s been a turbulent time for the markets, in general. The last few months, er, years, have been especially uncertain for investors at large. But, as much as the markets are moving up and down these days, cryptocurrencies have really been through the ringer. Bitcoin and other cryptocurrencies fell in value on Thursday following a digital asset sell-off that has already wiped almost $600 billion in market capitalization in a single week. Download Q.ai for iOS today for more great Q.ai content and access to over a dozen AI-powered investment strategies. Start with just $100. No fees or commissions. To kick off the week, Bitcoin plummeted in … [Read more...] about Is The Crypto Crash A Sign Of Trouble Or A Time To Buy The Dip?

You may have a rough idea of what an NFT is: a virtual document that conveys some ownership of a virtual good. As with their cousins, cryptocurrencies, NFTs have the potential to be quite valuable: If you bought the right NFT—say, a CryptoPunks or BoredApeYachtClub cartoon—at the right time, you could have made a fortune. advertisement advertisement With the recent crash of the crypto market , it appears that NFTs were just a bubble gone bust . While true on some level, that doesn’t mean the tech has no utility. In fact, the role of NFTs will balloon as they expand beyond a high-stakes investment product into a tool for establishing identity, ownership, and even community. What is an NFT, anyway? A non-fungible token (NFT for short) is essentially a digital certificate of authenticity and ownership. It’s the same concept as a paper certificate that says, for instance, that an antique you bought is genuine or that a painting is a real Picasso … [Read more...] about NFTs are still worth something—just not what you think

Share to Twitter Share to Linkedin After a turbulent week, cryptocurrencies are recovering some of the losses aggravated by the collapse of stablecoin TerraUSD UST at a fast pace. As of 9:46 a.m. ET, bitcoin is trading around $30,696, nearly 10% up since yesterday. All other major cryptocurrencies are posting double-digit percentage gains. Ether ETH , cardano and solana are up by 10%, 24% and 23% respectively. Polkadot DOT is leading the gains among the heavyweights. The token has added a staggering 40% over the past day but remains far below last week’s levels. Embattled UST, designed to always be worth $1, is now worth 13 cents. Its “stabilizer” token LUNA LUNA has ultimately collapsed to a market capitalization of $0.43 million. The Terra blockchain, which supports both assets, halted twice on Thursday as the entities responsible for verifying transactions on the blockchain were looking to “come up with a plan to reconstitute” … [Read more...] about Bitcoin Returns To $30,000, Polkadot Leads Surge Among Major Cryptocurrencies

Share to Twitter Share to Linkedin Blockchain infrastructure provider Fireblocks has launched a suite of developer tools and a portal for customers to access cryptocurrency exchanges, NFT marketplaces and other decentralized applications across multiple networks. Revealed exclusively to Forbes , the features are part of the company’s new offering called Web3 engine, which also includes custody services, treasury management, risk mitigation tools and a tokenization mechanism for managing the whitelisting, minting, burning and transfer of NFTs. Additionally, it gives institutions access to platforms like OpenSea, Rarible, Uniswap and dYdX directly from the Fireblocks console. The company has already onboarded a few high-profile clients for the service. Among them are Animoca Brands, Stardust, MoonPay, Xternity Games, Griffin Gaming, Wirex, Celsius and Utopia Labs. “The goal is to essentially bring all the security arsenal and capabilities that we've … [Read more...] about Beyond Crypto Custody: Fireblocks Unveils Web3 Engine To Support DeFi, Games And NFTs

Share to Twitter Share to Linkedin A large number of recent Ponzi schemes have used decentralized finance (DeFi) infrastructure to defraud their customers. This article explores the DeFi ecosystem and how fraudsters are able to exploit it to steal from crypto newbies. DeFi is a broad term for financial infrastructure and financial services provided on public blockchains via smart contract technology. Ether ETH eum, Binance Chain, Cardano ADA , and Solana SOL are among the most popular smart contract blockchains, allowing developers to create dApps (decentralized applications) on their network. These dApps can be used for a variety of purposes, but the majority of them are financial in nature, giving rise to the term "DeFi." DeFi development has progressed to the point where token creation templates exist, allowing anyone to create a token in a matter of minutes without any programming knowledge or experience. This opens the door to a Pandora's … [Read more...] about How The DeFi Space Has Become A Massive Breeding Ground For Crypto Ponzi Schemes

Share to Twitter Share to Linkedin Technical analysis has become a go-to strategy for many traders to build strategies and gauge market strategy. It is a broad subject, but at its core technical analysis relies on the use of charting tools and indicators to gauge market momentum and trends. This information can then be used to identify buy and sell signals, as well as getting an early sense of when market sentiment is starting to shift. However, technical analysis is not without is criticisms, especially when it comes to crypto. Indicators can be wrong, or send off conflicting signals. Additionally, crypto’s relatively short lifespan, especially beyond Bitcoin and Ethereum, provide little historical data to test strategies and assumptions. Additionally, concerns surrounding wash trading and market manipulation, although know unique to crypto, can be problematic. One of the industry leaders in providing crypto-specific technical analysis is Katie … [Read more...] about How Technical Traders Apply Their Expertise To Crypto Markets

Share to Twitter Share to Linkedin P oker chips, high stakes, and big money. Throughout last week, a few yards away from the Caribbean's largest casino in the Bahamian capital, Nassau, about 2,000 people gathered at the Baha Mar resort’s convention center to discuss cryptocurrencies and the next iteration of the World Wide Web a.k.a Web3. Just last month, a similar albeit much larger crowd took over Miami Beach to pay homage to the invention that started it all—bitcoin. But if the 25,000-person expo in South Florida felt like Coachella for the bitcoin faithful , the latest summit, dubbed “Crypto Bahamas”, inched closer in resemblance to the World Economic Forum’s Davos conference, not minding the casual dress code. Pretty much everyone from CEOs to developers wore flip-flops, sneakers, and t-shirts bearing slogans such as “NFTs are a scam” and “Burnt Finance”. Co-organized by billionaire Sam Bankman-Fried’s crypto derivatives exchange FTX and the … [Read more...] about Royal Flush: Inside Crypto’s Most Exclusive Gathering