Aurelia Butler

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    in Cryptocurrency

    Altcoins 2022: Is It the Best Time To Accumulate Altcoins?

    The bearish market is hovering within the crypto market space. As a result, Bitcoin’s price is expected to tumble down to end the monthly trade. It is also believed that the crypto market crash is expected in the upcoming months.Moreover, the BTC price fell heavily, dragging altcoins to lower levels. Hence, this may be a better chance to buy as they are primed to go 10x very soon.At the time of writing, most of the altcoins are down following Bitcoin‘s drop by 70% (in some cases 80% to 90%) from their ATH. Therefore, it is a better time to get into the deal towards the lower support.Meanwhile, two popular analysts and YouTubers, Crypto Rover and That Martini Guy ₿, suggest just accumulating the altcoins at a discounted price.As it is speculated that the current consolidation phase is all set to end soon, a significant upswing may be approaching very fast. However, multiple crypto assets are set to be launched in the upcoming weeks which may fuel the ‘AltSeason’ 2022.Few projects may include the Ethereum Merger Cardano Vasil Hard Fork, Polkadot Parachains, and Polygon’s upgrades within DeFi and NFT space. Moreover, Terra has huge collaborations to strengthen itself each day. Avalanche is on its path towards supremacy and many more. Thus, the analyst believes it’s a pretty bullish sign for the entire crypto space.Furthermore, the market has left no stones unturned to surprise with a huge, unexpected move. At the moment, the BTC prices are pretty uncertain and drained, it may not take much time to relaunch a strong bull run. On the other hand, the altcoins could also follow strongly, it can ignite an insane AltSeason at the earliest.Continue reading on CoinQuora More

  • 138 Shares99 Views

    in Cryptocurrency

    SHIB Trending: ETH Whales Bought 500 Billion SHIB in 1 Week

    SHIB has been trending for over a week now. The Ethereum-based altcoin has been garnering attention from Ethereum’s top whales left and right – climbing up the ranks of the top 10 purchased ETH tokens, the most held ETH token, and the biggest token position by dollar value.On April 25, ETH Whale “Bombur” bought 51,799,991,288 SHIB – almost 52 billion of the cryptocurrency token. “Bombur” spent $1,178,967 – almost $2 million on the SHIB purchase. The cryptocurrency whale is currently ranked #16 on WhaleStats.A few hours before this purchase, SHIB was already on the top of the tokens that the top 2,000 ETH whales are hodling. The whales held over $1.3 billion worth of SHIB, while in second place was FTX. The FTX whales held a total value of more than $1.1 billion. In a very far third place is BEST (NYSE:BEST) which ETH whales held a total value of over $380 million.All these trends spark good news for SHIB. The more tokens in circulation around the market, the more stable the price of the token will become. Additionally, it shows the dedication and confidence that the SHIB Army has towards the token. These funds could be used for the further projects that SHIB is planning, such as Shiba Inu Metaverse Lands.Additionally, on the third week of April, the 5th largest ETH Whale “BlueWhale0073” bought a cumulative 420 billion SHIB worth $10 million collectively.This was the first surge that caused SHIB to be on the list of Top 10 purchased ETH tokens at the time.On the other hand, despite the huge amount of SHIB bought by whales, it barely makes a dent in the total supply. This is because SHIB has a circulating supply of a staggering 549 trillion, which makes the 500 billion a mere 0.09% of the current circulating supply.Perhaps this could be the beginning of a huge surge from ETH Whales. Now, we’re seeing 500 billion worth of SHIB being bought in the span of a single week. Who knows how much more SHIB will be bought as a result of these Whales’ purchases?At this rate, if the SHIB Army sees hundreds of billions of SHIB bought every week, that trillion barrier could be broken in no time.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More

  • 113 Shares179 Views

    in Economy

    U.S. State Dept backs ammunition sale for Ukraine -statement

    WASHINGTON (Reuters) – The U.S. State Department on Monday said it supported the approval of a possible sale of $165 million worth of ammunition to Ukraine to help the country defend itself against Russia’s ongoing invasion.The Ukrainian government had asked to buy various rounds of so-called non-standard ammunition, the department said in a statement, referring to ammunition that does not adhere to NATO standards. More

  • 113 Shares129 Views

    in Cryptocurrency

    New York to Vote on Bitcoin Mining Ban Bill

    Bitcoin (BTC) and Ethereum (Ether) mining could be banned on Monday, April 25 if the New York State Assembly passes Bill A7389C. If so, New York will become the first state to ban crypto mining activities in the United States.The proposed bill is being widely opposed by miners and crypto enthusiasts in that state. One of the BTC support associations that has reacted most strongly has been the Bitcoin Advocacy Group, which has asked the New York crypto community to oppose this legal proposal.State lawmakers led by Assemblywoman Anna Kelles, the bill’s proponent, plan to amend the New York State Environmental Conservation Law.Review of the environmental impact of miningThe bill “establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions.”
    In addition, “provides that such operations shall be subject to a full generic environmental impact statement review”, within the framework “of the Climate Leadership and Community Protection (CLCPA) objectives established in the statute in 2019”.
    The assembly members recognize that the underlying technology in the blockchain ” is an innovative technology that allows for the recording and efficient transfer of information.” But they also point out that said information is linked to the “environmental issue” and social justice.“We must not go backwards on our commitment, in law, to prevent these disastrous impacts to the residents of New York,” the proponents warn.A dangerous precedent for the rest of the countryIf this legislation is approved in the state of New York, it would create a dangerous precedent for cryptocurrency mining in other states of the country. The environmental impact of Bitcoin and Ethereum mining is not only being debated by lawmakers in New York.Also in the US Congress there are voices that are demanding to reduce energy consumption in cryptocurrency mining activities due to its impact on carbon emissions and future goals related to climate change.The New York crypto community has reacted by asking BTC and Ether supporters to contact their local representatives and explain their opposition to the bill under discussion.Why You Should CareContinue reading on DailyCoin More

  • 188 Shares159 Views

    in Economy

    Two-thirds of workers might seek new jobs if forced back to office – global survey

    (Reuters) – Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as the world economy reopens and some firms begin trying to pull employees back to offices, payroll provider ADP reported in a survey of nearly 33,000 people worldwide.The survey found that two-thirds of workers would consider looking for a new job if forced unnecessarily to return to the office full time.Workers who feel their industry is secure fell from 36% in a similar 2021 survey to 25%. The share actively looking to change jobs rose from 15% to 23%, with a nearly a third mulling the start of a job search compared to 24% in 2021.Half of workers said they were only somewhat or not at all satisfied with their current job, and ADP said issues that emerged during the pandemic — around hours worked and the location, working unpaid time, and stress — were driving employees to negotiate the terms of their current jobs or plot an exit.”The pandemic has sparked a rethink of priorities and workers are signaling a willingness to walk away if employers don’t meet their standards on a variety of fronts,” the ADP survey concluded.The findings track U.S. data showing high levels of job turnover, as well as near-record vacancies as firms struggle to recruit and hold onto workers.The mismatch between the numbers of people looking for work and the number needed to fill vacancies is driving high wage gains in some industries and is one of the key tensions that U.S. Federal Reserve officials feel needs to be resolved to slow high inflation.”The pandemic lingers. The stress induced by the pandemic in the workplace has increased, not decreased,” said ADP chief economist Nela Richardson. More

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    in Economy

    Beijing shoppers throng stores as district starts mass testing

    Authorities in Chaoyang, home to 3.45 million people, late on Sunday ordered residents and those who work there to be tested three times this week as Beijing warned the virus had “stealthily” spread in the city for about a week before being detected. “I’m preparing for the worst,” said a graduate student in the nearby Haidian district surnamed Zhang, who placed online orders for dozens of snacks and 10 pounds of apples.Shoppers in the city crowded stores and online platforms to stock up on leafy vegetables, fresh meat, instant noodles and rolls of toilet paper.In Shanghai, where most of its 25 million residents have been locked down for weeks, the main food supply bottleneck has been the lack of enough couriers to make deliveries to homes, fuelling anger among residents.In Beijing, supermarket chains including Carrefour (EPA:CARR) and Wumart said they had more than doubled inventories, while Meituan’s grocery-focused e-commerce platform increased stocks and the number of staffers for sorting and delivery, according to the state-backed Beijing Daily.Supermarket chains should ensure that goods were being replenished in time, said a Beijing official at a news conference late in the day, adding that the city’s reserves of refined grains and oil could meet the consumption needs of residents for 30 days. The operating hours of stores would also be extended, the official said. Since Friday, Beijing has reported 70 locally transmitted cases in eight of its 16 districts, with Chaoyang accounting for 46 of the total, said a local health official on Monday.Even in districts such as Haidian that have yet to report any cases in the current outbreak, there is a sense of growing unease over food supply. AREAS UNDER LOCKDOWNWhile the Chinese capital’s caseload is small compared with those globally and the hundreds of thousands in Shanghai, Chaoyang district told residents to reduce public activities, although most schools, stores and offices remained open.Chinese shares tumbled on Monday, with the blue-chip CSI300 index closing down 4.9% at a two-year low, weighed by worries Beijing was on the verge of joining Shanghai in lockdowns. [L2N2WN0GK]The Shanghai Composite Index slumped 5.1%. Beijing’s Chaoyang district is home to many wealthy residents, most foreign embassies as well as entertainment venues and corporate headquarters. It has little manufacturing.”The current outbreak in Beijing is spreading stealthily from sources that remained unknown yet and is developing rapidly,” a municipality official said on Sunday. More than a dozen buildings in Chaoyang have been put under lockdown. For the rest of the district, people were to be tested on Monday and again on Wednesday and Friday.On Monday morning, people queued at makeshift testing sites manned by medical workers in protective suits. Under mass testing campaigns in China, multiple samples are tested together. “I came as the notice suggested, at 6 a.m., for testing just to make sure that I can get to work on time,” said a man in his 30s queuing for a test in his residential compound. By the early afternoon, movement restrictions in one part of Chaoyang were tightened, with residents told not to leave the area at all and not to leave their local compounds for non-essential reasons, state television reported. More

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    in Cryptocurrency

    Why Should You Care About the Metaverse? DecentWorld’s Take

    Acting as a gateway to the future, metaverse platform DecentWorld invites users to explore an array of digital experiences by acquiring, staking and trading real-world based NFT real estate assets. Just within the first 1.5 months since the platform launch, the top 15 most expensive Streets on DecentWorld have already been purchased, the total value of the Street NFTs sold on the platform make up over $19 million, proving that metaverse is the next-generation industry to be a part of.Immersive Real-time Metaverse ExperienceThe metaverse emerged from a network of platforms and technologies all working together to embrace interoperability. The metaverse is intended to be a synchronous, “real-time” experience that never “resets,” “pauses,” or “ends.” Users will be able to participate and meet in a range of events, places, and activities simultaneously by building a personal sense of “presence.””Today the Internet is structured with individual servers communicating to one another on-demand. However, the essence of metaverse will be to operate persistently around many-to-many connections, real-time, without a pause or a reset,” DecentWorld team explains.
    The Internet was never designed to facilitate such levels of concurrent activity, so in order to be viable, the metaverse requires an infrastructure that currently does not yet exist. The underlying systems behind the Internet are oriented around one server, which communicates to another server, or to an end-user device directly. A solution is at hand however, the breakthrough technology of blockchain has opened the door to decentralization and community activation through inclusion. Without a doubt, web3 networks, cryptocurrencies, and NFTs are the technologies that will form the foundation of the metaverse. “The idea of the metaverse and digital worlds has been present for a very long time, but blockchain technology finally makes it possible to accomplish. Many projects are putting things on blockchain just for the sake of putting things on blockchain. This is not the philosophy of DecentWorld. We truly believe that blockchain will be the underlying technology of the future, but we sought to use only where needed as technology is only a means to an end,” DecentWorld team shares.
    Apart from decentralized connections, the metaverse will be an experience that spans across all mediums, whether it is physical or digital, public or private, open or closed. Creators surprised the market by offering the best material and virtual worlds, pushing digitalization ever forward. Through DecentWorld, users can find a digitized version of any street in the world, buy it as an NFT, and thereby gain full, certified ownership of it. Empowering a Fully Functional Metaverse EconomyThe fundamental feature driving the metaverse will be a fully functioning economy which empowers individuals and businesses to create, own, sell, and be rewarded for a wide range of tasks that produce tangible value to other metaverse users. The DecentWorld team believes that this will create millions of jobs that don’t exist in the world right now, and will reinvent how resources are monetized. As more consumers shift to virtual goods and services, it will continue to influence everyday life, such as infrastructure, and how tasks are performed in society. The metaverse will push virtual labor further than ever before, as workers who choose to live outside of cities will be able to participate in a “high value” economy. “Digital economies emerged, driven by the idea of collecting digital assets to later resell them on various virtual markets. These economies are the future. That’s how the metaverse functions – you participate, and you get rewarded. This new kind of economy will continue to emerge and will represent a point of no return in how we understand the world,” the team shares.The Importance of the NFT TechnologyCurrently, the Internet functions because of standards and protocols for communications, visual presentation, file loading, graphics, and data. However, The Metaverse will require more complex standards spanning a broader perspective to boost interoperability between platforms.The current use of NFTs in the industry showed that non-fungible tokens could be the key to exchanging virtual goods, thereby earning and generating value. Through this way, NFTs could be the critical building block to catalyze the metaverse.Continue reading on DailyCoin More