Autor Cointelegraph By Ezra Reguerra

Crypto trading to move to the metaverse, says developer-focused study

Crypto trading to move to the metaverse, says developer-focused study

Uverejnil používateľ | apr 6, 2022 |

A new study shows that developers believe that the metaverse may become the “most popular” way to buy and sell crypto someday.The study, commissioned by API provider Agora, surveyed 300 developers’ thoughts and ideas about the metaverse. “Since they will be positioned on the front lines of practically every development that takes place in the metaverse, their thoughts and opinions ultimately carry a great deal of weight,” says Tony Zhao, the founder and CEO of Agora.The survey shows that 57% of developers believe that the metaverse will someday be the most prominent way to trade crypto. However, 1 out of 3 respondents believes that data privacy and security may be a huge challenge for the metaverse.Meanwhile, the surveyors also asked developers if nonfungible tokens’ role will continue to grow and become the biggest form of currency in the metaverse. 53% of the respondents agreed, while 24% disagreed.The researchers also found that a majority of the developers believe that crypto and blockchain innovation will be “critical to shaping the future of the metaverse.” 70% of the respondents agreed that advancements within the blockchain and crypto sphere would significantly affect the metaverse.72% of the survey participants believe that real-time engagement will be crucial for creating a “connected experience” within the metaverse. Furthermore, results also showed that 55% of the participants believe that the metaverse will replace real-life social interactions in the near future.Related: Google Trends data reveals that no one cares about the metaverse or NFTs in 2022Back in March 2022, companies started to set up shop at the metaverse. Firms either launched or announced plans to bring their businesses to the virtual world. The companies aim to use the metaverse for business meetings, as an innovation hub and as a user engagement platform.

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Cardano Foundation and The University of Zurich expand academic blockchain research

Cardano Foundation and The University of Zurich expand academic blockchain research

Uverejnil používateľ | apr 5, 2022 |

Non-profit organization Cardano Foundation has announced a three-year collaboration with the Blockchain Center of the University of Zurich (UZH BCC) to further research initiatives and explore blockchain education development. Through the partnership, the foundation will work with the Blockchain and Distributed Ledger Technologies (BDLT) Group at the University of Zurich to explore research topics like the efficacy of consensus protocols and analyze attack vectors specific to Ouroboros, among many others. The University of Zurich. Source: www.uzh.chAccording to Cardano Foundation CEO Frederik Gregaard, the partnership allows the foundation to provide information to UZH BCC to expand the university’s knowledge of the Cardano platform and at the same time, further develop Cardano itself. Gregaard also explained that: “As blockchain moves from the margins to the mainstream, considerably more academic research is required to enhance understanding and, ultimately, bring about adoption. This is why we have even specifically called out education as a core goal of the Foundation for the year ahead.” Dr. Claudio Tessone, a professor at the UZH, believes that the partnership will be beneficial to the UZH, and Cardano Foundation’s input is “invaluable to the co-creation of research questions and methodologies,” said Tessone.Tessone explained that the goal of their organization is the advancement of the blockchain field. “Our objective is to link micro-behavior to global properties of blockchain-based systems,” he said. Related: Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week The importance of blockchain education was also highlighted at the recent MENA Climate Week event organized by the United Nations and Dubai government. In the event, the panel noted that informative and educational content is something that the climate action community needs. Meanwhile, a report from an intelligence firm shows that institutions are coming into the Cardano platform. Large Transaction Volume, the aggregated volume from Cardano (ADA) transactions above $100,000 has increased by 51x on March 2022. 

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What Elon Musk’s investment could mean for Twitter’s crypto plans

What Elon Musk’s investment could mean for Twitter’s crypto plans

Uverejnil používateľ | apr 5, 2022 |

Whenever Elon Musk does something on Twitter, the crypto market moves in response. Publishing a tweet, changing his profile picture or adding “#Bitcoin” on his bio affects the markets — the latter even more so, sending Bitcoin (BTC) price up by 20%. This is why the community lies in anticipation of what Musk‘s Twitter investment could mean for the crypto industry.Recent filings show that Tesla CEO Elon Musk purchased a 9.2% stake on Twitter. This makes him the largest stakeholder in the platform. The news instantly pumped Twitter shares by more than 22% in early trading and sent Dogecoin (DOGE) near its two-month highs.Ken Li, investment director at Binance Labs, told Cointelegraph that Musk’s investment can help push the platform’s crypto initiatives forward and even lead to the integration of DOGE within the platform.According to Li, “Elon Musk‘s investment in Twitter could help to increase the acceleration of Twitter‘s crypto adoption. It remains to be seen whether Twitter will begin adopting Elon‘s beloved Dogecoin moving forward.” He also explained that: “Elon has always been very public about the concept of a more decentralized and censorship-resistant social media platform, and this is something that blockchain and Web3 technology can help enable.” Apart from Musk using this event to tweet a funny poll, there was no official announcement regarding the billionaire’s plans for the company. However, given the history of both the Tesla CEO and the social media company with crypto, one feasible hypothesis would be that the event will further Twitter’s exploration of more crypto and blockchain-based features.Musk’s love-hate relationship with crypto is not a secret. In February 2021, a filing showed that Tesla purchased 1.5 billion BTC. In March 2021, the celebrity businessman started a frenzy when he announced Tesla‘s plans to accept BTC as a means of payment for Tesla cars. However, the market tumbled down a few months later after Musk revealed that the firm had dropped the plan because of the alleged environmental impact of Bitcoin mining‘s energy usage.Apart from BTC, Elon Musk has been affiliated with DOGE. Because of his love of memes, Musk‘s DOGE tweets have been linked to the asset‘s price soaring, leaving musk to be accused of price manipulation. The billionaire also declared later in 2021 that DOGE is better than BTC when it comes to payments. In January 2022, Tesla started accepting DOGE as payment for its merchandise. Despite this, official records show that Musk’s electric car-making firm held $2 billion in BTC as of late 2021. A portion of Tesla‘s BTC holdings was also sold in March 2021 to test the liquidity of such volume. This created realized gains of at least $128 million. On the other hand, Twitter has also been dabbling into blockchain-based technologies such as nonfungible tokens (NFTs). Back in January 2022, Twitter opened support for NFT avatars for subscribers of Twitter Blue, a paid subscription service that costs $2.99 per month. However, Musk responded to the function negatively. Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?— Elon Musk (@elonmusk) January 21, 2022Related: Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity Apart from this, Twitter also supports tipping with crypto through its tipping jar function. Back in September 2021, the platform enabled BTC tipping, allowing users to use third-party apps to receive tips. In February 2022, the platform added Ether (ETH) to its tipping payment options. Because of his tweet, the community may speculate that Musk will first push a fix for the problem of crypto scammers spamming threads on Twitter. Bitcoin advocate Michael Saylor offered a suggestion to fix this issue: Twitter can solve the problem of scammers & spambots if they allow real humans to post ~50,000 sats ($20) via Lightning⚡️& get verified w/an Orange Check. Then we can limit comments/DMs to verified accounts. Bad actors forfeit their security deposit & @Twitter monetizes malice.— Michael Saylor⚡️ (@saylor) January 21, 2022

“Crypto Twitter” is a term for a reason. With its fast-paced flow and rich interaction options, the once known as a “microblogging” platform turned into the go-to debate hub for the crypto community. So, it’s natural for thought leaders (with deep pockets) to get some part of it. Following Musk’s purchase, Twitter now has at least two crypto celebrities among its shareholders, including the former Twitter CEO Jack Dorsey. There is almost no limit to the expansion of that roster. 

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Vitalik Buterin is worried about Ethereum, here's how the community responds

Vitalik Buterin is worried about Ethereum, here's how the community responds

Uverejnil používateľ | apr 4, 2022 |

Vitalik Buterin, the founder of Ethereum (ETH), recently expressed his concerns about Ethereum’s future. However, attendees of the recent ETHDubai event voiced mixed sentiments over Buterin’s talk on crypto’s perils.In an interview, Ethereum’s founder pointed out some of his worries regarding the platform. This includes the platform being populated by players who are only after profit and deviate from the original vision of an egalitarian platform. “If we don’t exercise our voice, the only things that get built are the things that are immediately profitable,” Buterin said.The recent ETHDubai event at Le Meridien Dubai.Commenting on Buterin’s woes, Sergej Kunz, the co-founder of 1inch Network, expressed that he disagrees highly with the Ethereum founder. Kunz said that while there are “scam projects” that try to get money from retail investors, there are also good projects who need really funding and that they can get that funding from venture capitals who are trying to make a profit. Citing 1inch as an example, Kunz explained that: “We see angels and investors. They helped us. They gave us money to fully concentrate, to work on this startup. […] We work to improve the space, to create something unique and improve the whole financial system.” Following this, Aleksei Pupyshev, a developer at GTON Capital, believes that there should be a balance between profit and non-profit initiatives within the space. He thinks that while there are many projects supporting charity and solving health-related issues, rewards can motivate people to come into the industry.“We need more motivation for people who are exploring, and they are exploring by investing.” On the other hand, Siva S, the CTO of Ozone, explained that the problem is tied to the growth of the platform. According to Siva, as the crypto ecosystem grows, more traditional finance players who are profit-focused will come in and want “some sort of control.” However, he believes that as long as core concepts like consensus stay relevant, developers will still be happy to build on top of Ethereum. Meanwhile, Raullen Chai, the co-founder of IoTeX, shares the same concerns as Buterin. According to Chai, he’s also worried if the crypto pioneers can stick to their visions for their platforms. He explained: “I do have the same concern here. I’m not sure if like the crypto OG folks can stick to their vision. I hope they could, and I don’t see a fix for this problem, unfortunately.” Related: Vitalik Buterin makes list of Time magazine’s 100 most influential people in 2021Charles Hoskinson, one of the co-founders of Ethereum also expressed his belief in decentralization in a recent talk at the Binance Blockchain Week event. In his keynote speech, the Cardano founder said that “if you’re just here to make money, you lose all the things that make the technology special.” 

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Crypto Stories: YouTuber DataDash talks about his most expensive mistake

Crypto Stories: YouTuber DataDash talks about his most expensive mistake

Uverejnil používateľ | apr 4, 2022 |

Nicholas Merten, also known as DataDash, found Bitcoin (BTC) when it was $3. But, like many people at the time, Merten was very skeptical about crypto and found it crazy for people to be buying what he thought was “fake internet money.”Merten’s story started with a hint of inspiration from a conversation with his teacher back in 2011. At the time, he believed that he had no passion. But one day, a spark lit up through his social studies class when the teacher encouraged him to watch presidential debates. As he watched, he saw politician Ron Paul share different takes on the debate’s topics.“This event sparked a dopamine rush in my head,” said Merten. He was inspired and started to become interested in foreign policy, economics and finance and studied the topics. From there, he went on to learn about the 2008 global financial crisis and learned how inflation works. He knew that with the way things were going, there is a need for a way to hedge against inflation.As he went through his journey, he opened a brokerage account with the help of his dad and was able to buy his first stock. Eventually, he dived further into finance buying marijuana penny stocks to solar companies stocks. He then a video explaining BTC, and found it interesting at first, but wasn’t able to fully understand it. He skipped on buying BTC at $3 dollars and couldn’t understand why people would buy it.Related: Crypto Stories: Pakistani crypto billionaire wants his country to be less reliant on creditHowever, he soon realized how it became his most expensive mistake when he saw the price going to an all-time high of $1,200 per BTC. Learning from his blunder, he set off to go on his crypto journey, buy crypto, analyze the markets, and upload crypto videos on YouTube.

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