The hope is that the low price will lead to a large Market Capitalization for BlowFish. The developers want a large Market Capitalization because they intend to make money by selling products on BlowFish rather than minting or selling coins.
I think HEROcoin is a gambling solution with its website by breaking the traditional “the house always wins” or House Edge paradigm. Instead, they design HEROcoin to eliminate the house by having an Ethereum contract smart contract make payments.
A tokenized stock is a cryptocurrency that represents a share of stock held in a brokerage account. To buy the token you need to open a brokerage account. A tokenized stock is the equity equivalent of a stablecoin.
The financial numbers show that Riot Blockchain (RIOT) loses money from Bitcoin Mining.
Sensibly, NVIDIA (NASDAQ: NVDA) is doubling down on gaming. For instance, The Verge reports NVIDIA will boost the frame rates on its 30 Series GPUs (Graphics Processor Units) by 10% in March. GPUs are the powerful computer processors on which today’s video games run. The hope is the faster GPUs will increase game performance. However, The Verge notes that faster GPUS actually decrease performance in some games. In addition, NVIDIA is trying to stop cryptocurrency miners from diverting its popular RTX 3080 and RTX 3070 graphics cards to mining, Tech Radar reports. The super-fast cards are perfect for miners who want to mine (create) enormous amounts of cryptocurrency. Sky-high Bitcoin (BTC) prices are driving a crypto bubble and increasing mining’s popularity.
The Paxos Standard (PAX) token is a peer-to-peer (P2P) transfer mechanism. Paxos claims you could use Pax to pay for goods and services. They also intend Paxos Standard as a trading mechanism to convert dollars into cryptocurrency and a holding mechanism form US dollars.
Incredibly, CoinMarketCap named Polkadot (DOT) the fourth largest cryptocurrency on 25 January 2021. Yet the cryptocurrency is only six months old.
Participants in the 6 January attack on the US capitol could have received 28.15 Bitcoin (BTC) from a mysterious French computer programmer, Chainalysis alleges. On 8 December 2021, 28.15 BTC, worth…
I think the best indicator of the US Dollar’s decline is the sudden explosion of the Bitcoin (BTC) cryptocurrency’s price.
If the courts uphold the lawsuit, I think the SEC could gain the ability to regulate all cryptocurrencies.
If those claims are true, I think the Flare Network could solve of the biggest problems with Ripple (XRP). You cannot easily convert Ripple into Ethereum (ETH).
I think Circle designed USD Coin (USDC) for CeFi and DeFi. Notably, Circle claims to issue USDC through regulated financial institutions. Similarly, Circle offers DeFi investors access to Circle Business Bank Accounts that tokenize US dollars. The Circle Business Bank Accounts enables users to move digital dollars in and out of DeFi protocols.