Whales in cryptocurrency create waves that cause a ripple effect among small fishes, or traders, thus influencing the overall market. Between October and November 2021,
The buzz around the term “metaverse” has been growing exponentially ever since Facebook announced its name change to Meta Platforms, Inc., or Meta. However, there are many other companies that are making waves in this space. From a Shark Metaverse to Accenture’s metaverse-esque virtual office, the Nth Floor, the metaverse is redefining how we will engage with each other in the near future.
One of the technologies that has revolutionized the way we live is the Internet. Ever since it became accessible to the public in 1993, it has been evolving to meet the needs of its growing user base. As of this year, the average person spends 59 hours a week (or more than one-third of their life) on the Internet.
While Initial Coin Offerings (ICOs) have been lucrative for startups wanting to raise capital, they are not without their flaws. The lack of regulation often puts investors at risk. For instance, as of 2021, BitConnect, the offshore cryptocurrency lending program, duped investors out of over US$3 billion.
The COVID-19 pandemic brought with it a technological boom. As more businesses went digital, apps and websites became more and more relevant to sustain effective business functioning. While the need for apps and websites is increasing, the number of developers to keep them up and running has decreased.
Do you have any idea how Bitcoin mining works? You might know that it is the process of adding new transactions to the blockchain, but do you understand what is really going on? Bitcoin mining is an intriguing process that many people have questions about.
On October 26, 2021, a cryptocurrency called “SQUID”—inspired by the popular Netflix show Squid Game—was launched. Within a week, the token’s value increased by 23,000,000% to US$2,862, after which it came crashing down to nearly zero dollars as the developers pulled almost US$3.4 million from investors. It took five minutes for the token’s value to fall to nothing.
NFT” has been crowned Collin Dictionary’s Word of the Year for 2021. After all, NFTs, or non-fungible tokens, have amassed a following like no other over the past year. So much so that the use of this abbreviation increased by 11,000% in 2021. Collins Learning managing director, Alex Beecroft, told the Guardian,
On November 14, Bitcoin underwent the Taproot upgrade which was activated at block 709,632. The groundwork for this upgrade was laid down back in June when 90% of the Bitcoin miners chose to signal their “support”
When it comes to cryptocurrency, you must proceed with caution. Not only because of its volatility but also the growing number of crimes associated with it. Owing to the anonymity and lack of regulation of cryptocurrency, people have found ways to misuse it. Given that, we take a look at the most prominent cryptocurrency crimes right now:
Almost all big names have hopped on to the non-fungible token (NFT) trend this year. Be it BTS, Snoop Dogg or Shawn Mendes, we have seen many celebrities drop collectibles for their fans or at least confirm their plans of coming out with them. In fact, a company called Sorare made an entire fantasy football game around collecting NFTs.
On November 9, 2021, the global crypto market hit the US$3 trillion mark, which is more than the gross domestic product (GDP) of countries like India, the United Kingdom, France and Italy. With crypto becoming more and more widespread, individuals and companies alike have been seeking to benefit from the crypto mining (the process of adding new crypto tokens to circulation) business.
Earth’s depleting resources don’t come as a surprise to anyone at this point. Just this year, we saw both the United Kingdom and China struggle with energy crises, when oil prices reached US$80 per barrel around the end of September. With these facts in mind, it is obvious that the global community’s next step should be to adopt alternative energy sources.
In November this year, Hybe, the South Korean agency behind the world-famous boy band BTS, announced its plans to enter the Non-Fungible Token (NFT) business. The agency plans to buy a 2.5% stake in blockchain-based startup Dunamu, and release BTS NFTs in a joint venture with the startup’s crypto exchange, Upbit. These NFTs will feature moving images and voices of the artists.