Aurelia Butler

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    in Cryptocurrency

    BTC, ETH Tops Poll as Cryptos Elon Musk Should Invest With Tesla Shares

    Entrepreneur and business magnate, Elon Musk is very much known in various sectors of the economy. The businessman has been successful in picking out investments that worked for him over the years. Due to that, the multifaceted individual amassed a fortune that saw him become a billionaire in dollars. Musk is a CEO and Product Architect of Tesla, as well as the CEO and Chief Engineer at SpaceX, among other ventures. Musk is currently the wealthiest person in the world with a net worth of US$271.5 billion. Not only that, Musk is a well-rounded figure in the cryptocurrency space. Therein, he propelled many to invest in Dogecoin with his tweets several times.Going back, Musk asked his 63 million Twitter followers whether he should sell 10% of his Tesla shares. In light of that, Musk sold more than 3.6 million worth of Tesla shares, worth $4 billion, and also sold 934,000 shares for about $1.1 billion. This comes after exercising an option to buy nearly 2.2 million shares.On that note, CoinQuora carried out a Twitter poll to ask the crypto community what cryptocurrency they think Elon Musk should buy now that he has sold his Tesla shares. In particular, four cryptos were outlined in the poll which are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Solana (SOL).Going by the poll, 41.7% voted for Bitcoin, and Ethereum respectively, while 12.5% chose Solana. Lastly, 4.2% endorsed Binance Coin. The 41.7% shows a tie between BTC, and ETH, while SOL was the third choice for many that voted.Conversely, those who had varying opinions suggested different cryptos they think he should buy. One suggested Dogecoin (DOGE), and Shiba Inu (SHIB), and another concord to Musk putting his Tesla money down on Shiba Inu.At press time, BTC’s price is $64,976.26, ETH sells for $4,640.06 while Solana trades at $236.54 per unit. Accordingly, Dogecoin (DOGE) is at $0.2611 and SHIB trades at $0.00005282Continue reading on CoinQuora More

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    in Cryptocurrency

    Taproot — Bitcoin’s Long-Anticipated Upgrade Will Soon Go Live

    Amid the scaling difficulties that have long bedeviled the Bitcoin network since it gained mainstream traction, the BTC network is on the move to activate its long-anticipated upgrade called “Taproot”. As said earlier, the Taproot upgrade forms part of Bitcoin’s most valued implementations that seek to address its scaling issues and the challenges it faced in 2021.As a report has it, the upgrade event is mainly scheduled to occur on Nov 15, 2021, at midnight UTC. To note, apart from the Taproot, the upgrade also involves a separate proposal called Schnorr signature update that will eventually occur on block height 709632 when the time is due.Moreover, Bitcoin finds it quite troublesome to grow on decentralized finance (DeFi) to access the market exposure due to its programmability. Meanwhile, Bitcoin has the potential to be issued as collateral on an Ethereum wrapper.With these challenges confronting the BTC network, the Taproot upgrade aims to solve this through its programming language. Although it isn’t as powerful compared to that of programming languages on the Ethereum Virtual Machine (EVM) but, it is far better than what is currently on the Bitcoin network.As a result of this incoming upgrade to revolutionize the Bitcoin network, Bitcoin Core has been declared officially out of beta according to Bitcoin developer Matt Whitlock.In fact, this time represents the most visible innovation shift in the history of Bitcoin as the community is happy jumping toward the coming upgrade. Expanding further, as we are all waiting for the roll-out, many people believe that this upgrade will influence Bitcoin price positively. Continue reading on CoinQuora More

  • 138 Shares119 Views

    in Cryptocurrency

    Indian Congress Blames Modi-led BJP for Covering Up Biggest Bitcoin Scam

    India’s leading political parties are disputing over a multi-million dollar scam involving Bitcoin in the southern state of Karnataka following the popularity of the top cryptocurrency in the country.On November 13, Randeep Singh Surjewala, a spokesperson of the Indian National Congress (INC), accused the opposition party Bhartiya Janta Party (BJP) government of Karnataka of covering up the country’s biggest Bitcoin (BTC) scam. In addition, the political party also asked Chief Minister Basavaraj Bommai to disclose the names of everyone involved in the fraud.During the press conference, Randeep Singh Surjewala says,Moreover, Surjewala statement follows the rumors about Prime Minister Narendra Modi trying to drop the investigation, telling Bommai not to worry about the problem.Furthermore, Karnataka’s former chief minister and senior leader of Congress Siddaramaiah also tweeted on November 12.Expanding further, Siddaramaiah adds that they don’t know if Bommai is involved in the Bitcoin scam or not. Thus, all they are asking is to investigate it properly and punish the actors behind the scam. Adding to this, he asked why Prime Minister Narendra Modi requested the CM to ignore the issue.Note that the scam happened back in 2019. However, the news just came to light a year ago after Bengaluru’s Central Crime Branch police caught a hacker named Srikrishna and his partners in a narcotics case.Continue reading on CoinQuora More

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    in Cryptocurrency

    How NFT Gamification Transformed the Gaming Industry

    Non-fungible tokens (NFTs) continue to revolutionize industries with their ground-breaking technology. Among the fields NFTs have upgraded, the gaming space has seen the largest growth. Every day, the number of crypto investors and gamers getting hooked into NFT gaming keeps increasing.With their unique benefits, NFTs have changed the gaming industry. Their blockchain attributes and vast utility let players use them as in-game characters, special abilities, commodities, and other tradable objects. Furthermore, they also bring additional in-game income to players.NFT gamification applies blockchain technology to elements like competition, point scoring, and play rules. This integration has led to the birth of GameFi, where the trading and swapping of game assets for financial rewards happens.Understanding how NFT gaming works is not as difficult as it seems. The in-game assets are programmed as NFTs, which are valuable for players and collectors as they can also be sold.For example, in the game Axie Infinity, each creature (called an Axie) is minted as an NFT. Axie players can battle with their NFTs in exchange for crypto rewards. Meanwhile, in the upcoming My Neighbor Alice, players create virtual lands. They will be able to interact with their neighbors, do certain activities, and earn rewards in the form of NFTs.There are endless possibilities for how crypto can be used to up the gaming space. Some of the most remarkable differences NFT gamification has made are the following:1. Source of IncomeTraditionally, gaming has been using a play-to-win structure, where players purchase items and upgrades that generate no economic return. Today, the new play-to-earn model serves as a source of income for players who obtain financial rewards for achievements made in the game. They can either gain NFTs from trading or earn in-game rewards and cryptocurrencies.2. Play-to-Earn GuildsPlay-to-Earn Guilds help new players get started. Guild members can rent in-game assets instead of buying them. The new player will allot a percentage of their earnings to the lender. In turn, the player gets what they need to start gaming.3. Interoperability of Game AssetsBlockchain-based games feature interoperability. It allows players to use individual game assets in multiple games if allowed. Crypto games can be on the same or interoperable blockchains where assets can be traded in the marketplace.4. NFT StakingAnother interesting development in crypto gamification is NFT staking. Some NFT games let users lock up cryptocurrencies in smart contracts, which will then generate rewards.Continue reading on CoinQuora More

  • 138 Shares189 Views

    in Cryptocurrency

    Haskell Academy: Educating the Next Generation of Cardano Developers with BitDegree

    The Haskell Academy Program is an initiative that offers in-depth training for Haskell, bridging the skills shortage that has seen Cardano (and the wider cryptocurrency and blockchain community) struggle to find and retain experienced developers.Ultimately, the initiative aims to encourage those developers to build on the popular Layer 1 blockchain platform Cardano, which has seen a record growth in both market capitalization, and utility since the start of 2021. The creation of this new language is a bid to sustain this growth in the future by ensuring Cardano-based platforms are built prudently and securely according to ADA Finance.ADA Finance’s efforts to train aspiring blockchain developers, as well as other growth-focussed operations such as its launchpad and DAO program, have earned a nomination for “Best DeFi PRoject of the Year” at the 2021 AIBC Summit in Malta.But what is Haskell and why is it necessary for the future of Cardano?In this respect, it is similar to popular programming languages Python and Solidity, which also take the functional approach, with all three being classed as “high-level” languages. Python and Solidity are both common languages employed in the DeFi space, with the latter most notable being used for the development of smart contracts – the building blocks of DeFi.Haskell is a compiled language, rather than interpreted like both Python and Solidity, making it much faster. This is optimal for mainstream DeFi applications which often have a high volume of operations. However, it also creates a steeper learning curve for blockchain developers, which in turn has prevented it from overtaking several other high-level languages for building in the DeFi space.Nevertheless, Cardano developers see its potential for building sustainable DeFi applications in the future, both within the Cardano ecosystem and beyond.Moreover, the academy could pave the way for Haskell to become commonly used within DeFi programming more broadly as other ecosystems see the benefits of building on Cardano using the advanced language. Not only does this mean Cardano will have the resources to ensure sustainable development far into the future, but Haskell Academy also addresses the skills shortage which is pervasive in the DeFi space. This is despite DeFi being one of the fastest growing fintech spaces in the world at present.No doubt, this a key contributor to the decision to nominate ADA Finance for AIBC’s “Best DeFi project of the year” which seeks to recognize projects or organizations that have made significant contributions to blockchain technology, artificial intelligence and other emerging technologies throughout the year. This year’s awards also feature community-driven DeFi project Safemoon and ABEYFoundaton has been developing a permissionless Proof-of-Work and Proof-of-Stake hybrid consensus mechanism throughout the year. The event will take place in Malta from November 15th -19th, 2021.ADA Finance itself has had a year filled with exciting developments for the Cardano ecosystem as it prepares for the launch of the first-ever Cardano-based smart contracts. If all goes well, this will allow most of the DeFi applications built on Ethereum to be compatible with Cardano which in turn, will position the Cardano ecosystem, and ADA Finance as a serious alternative to the world’s largest smart contract platform.For more on ADA Finance, BitDegree and their new programming initiative Haskell Academy, visit the ADA Finance website here.Continue reading on BTC Peers More

  • 100 Shares199 Views

    in Economy

    Argentina’s Peronists face uphill battle in midterm elections

    President Alberto Fernández’s centre-left coalition will struggle to maintain control of Congress when Argentines angry at spiralling inflation and rising poverty vote in midterm elections on Sunday.Latest polls show the ruling Peronists trailing the centre-right opposition alliance by over 8 percentage points nationwide. Such an outcome, if repeated this weekend, could cost Fernández his majority in the Senate and further complicate the government’s position in the lower house, where it relies on the support of independents to pass laws.In another sign that the government could face a serious defeat, protests this week broke out in La Matanza, a working-class district of Buenos Aires long loyal to the Peronists to demand “a better future” after a 40-year-old shopkeeper was shot dead on his doorstep. “They complain that young people are leaving the country, but they don’t do anything to make them stay,” Tomás Sabo, one of several hundred demonstrators said of the government. “I want to leave [ . . .] they don’t give me anything here,” he said. La Matanza, home to roughly 1m people, has voted Peronist in every election since Argentina’s return to democracy in 1983. During primaries in September the ruling coalition outperformed the opposition by 19 points in the neighbourhood. As prices soar and salaries fail to keep pace, support for the government is waning. The bigger question once the ballot results are in, according to senior analyst Ignacio Labaqui at Medley Global Advisors, is whether come Monday the Fernández government will “address the deep imbalances that the Argentine economy faces”, including high state subsidies and a fiscal deficit financed by printing money, or dedicate itself, in the words of a famous tango song “to endure and go by”. Voting is mandatory in Argentina, although fines for non-compliance are minimal and turnout has been falling in recent years. Sunday’s election will give an early indication of the opposition’s strength as it prepares for a presidential race in two years’ time. Half of the lower house and one-third of the Senate is up for renewal this weekend.Horacio Rodríguez Larreta, the popular Buenos Aires city mayor, hopes that clear wins for his allies in the capital and the surrounding province of Buenos Aires, home to almost 40 per cent of the electorate, would make him favourite to lead the opposition when the 2023 race comes around. Looking to cool public anger ahead of the ballot, the government has stepped up its Covid-19 vaccine drive, increased social spending and frozen the prices of more than 1,400 household items.However, the price controls have failed to tame inflation, which is running at an annual rate of 52.1 per cent, according to the latest official data. Poverty levels have risen. Some 40.6 per cent of Argentines were living in poverty in the first half of 2021, up from 35 per cent when Fernández took office.

    The value of the dollar on the parallel market has soared to almost double the official level in recent weeks as Argentines bet that the government will be forced to devalue the peso, something Martín Guzmán, economy minister, insists will not happen.Businesses blame the government for scaring away investors. Strict import and capital controls have hurt growth. Net foreign exchange reserves are dwindling, and with limited access to international markets, the central bank’s balance sheet has deteriorated sharply this year.Fears are mounting that Buenos Aires will not be able to reach agreement with the IMF on rescheduling $44bn of debt, most of which comes due for payment next year and in 2023. The government says it does not have the money to pay.Argentine economist Eduardo Levy Yeyati observed how the government has nowhere to go: “Peronists know that a financial crisis is the end of a government,” he told the Financial Times. More

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    in Economy

    Philippines cbank says it may continue easy policy to support growth

    Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said full-year growth of 5% to 6% this year, above the government’s 4% to 5% target, “is attainable”.”The BSP may continue to be patient and continue its accommodative monetary policy stance given the current domestic, external and financial developments,” Diokno told reporters ahead of a policy meeting on Nov. 18. More

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    in Economy

    Bulgarians vote in third election this year in bid to break deadlock

    SOFIA (Reuters) – Bulgarians vote on Sunday in their third parliamentary election this year, with opinion polls pointing to another inconclusive result that could hamper efforts to tackle high energy prices, a jump in COVID-19 cases and widespread corruption.Another failure to break a prolonged political impasse and forge a functioning cabinet in the European Union’s poorest member state could also potentially slow plans for the country to adopt the euro by 2024.An election for the largely ceremonial post of president will also be held on Sunday. Polls show incumbent Rumen Radev, 58, is poised to win re-election for a second five-year term after a likely run-off vote on Nov. 21.Bulgaria has been gripped by political uncertainty since April, when an election ended the decade-long rule of former Prime Minister Boyko Borissov and his centre-right GERB party following massive anti-graft protests against him last year.Policy differences and rivalry prevented his opponents, the so-called parties of change, from forging a ruling coalition after the April election and another ballot in July.GERB has seized on the deadlock, rising energy costs and a rise in COVID-19 cases and deaths in the EU’s least vaccinated country – helping it bolster support among party loyalists.The latest polls give the party backing of 24%, putting it on track to be the biggest in parliament.But Borissov, 62, a burly former bodyguard of late Communist dictator Todor Zhivkov, is unlikely to find allies to forge a coalition, analysts say.A new centrist party pledging “zero corruption”, set up by two Harvard-educated former interim ministers, is seen as having the biggest chance of steering talks for a new administration with two other anti-graft factions and the Socialists.Called “We Continue the Change”, the new party appears tied with the Socialists for second position, both with support of about 15-16%.”For the time being, a government around the so-called parties of change, and the Socialists, looks more likely,” said analyst Dobromir Zhivkov at the Market Links pollster.Ivailo Mihailov, a 52-year-old engineer, said he hoped Sunday’s election would yield a ruling coalition to address high-level graft in the country – ranked the most corrupt EU member state by Transparency International.”The judicial system is the biggest problem or rather the lack of justice,” he said. “Until we have a politician and leading businessman actually sentenced, nothing good will happen.” Thousands of Bulgarians joined street protests in mid-2020, accusing Borissov of cosying up with the chief prosecutor to benefit local oligarchs and businesses close to his GERB party.Borissov denies any wrongdoing.Polls open at 7 a.m. (0500 GMT) and close at 8 p.m. (1800 GMT). More