Have you ever wondered: What is PancakeSwap? How can you buy coins on this platform? In this article, we will explore PancakeSwap and how to utilize it to take advantage of its unique features to earn money. Published: 11/04/2024 - Author: Kane
PancakeSwap stands as one of the largest cryptocurrency exchanges today. It’s also a platform where cryptocurrencies that haven’t been listed on major exchanges like Binance, Huobi, etc., can still find a place. So, what is PancakeSwap? Have you grasped its operation and how to register and utilize an account on PancakeSwap? Let’s delve into these questions in this article! What is PancakeSwap? PancakeSwap (CAKE) is one of the top decentralized exchanges (DEX) on the BNB Chain, allowing users to directly exchange coins without the need for any intermediaries. Launched in 2020, PancakeSwap not only provides a large liquidity pool but also offers a variety of features that are highly popular within the blockchain community. This platform enables users to trade BEP20 tokens and Binance Coin (BNB) without relying on intermediaries or worrying about losing control over their private keys.
Similar to Uniswap on Ethereum, PancakeSwap operates on the Binance Smart Chain and focuses on developing BEP20 tokens, which are tokens developed by Binance. By trading on PancakeSwap, you can directly use your wallet without the need for a centralized exchange. On this platform, you can swap BEP-20 tokens, stake CAKE in Syrup Pools, provide liquidity for automated market makers (AMM), participate in Initial Farm Offering (IFO), conduct permanent trading, and even buy or sell NFTs through the NFT marketplace. Related: What is an NFT and how does it work? How Does PancakeSwap Work?
AMM stands for “Automated Market Maker,” which is a mechanism where smart contracts act as intermediaries. Sellers deposit their assets into a liquidity pool, and buyers swap their assets with those in the pool through smart contracts. DEX stands for “Decentralized Exchange,” allowing direct peer-to-peer transactions on the blockchain network without the need for intermediaries. Therefore, similar to other AMM DEX platforms, PancakeSwap’s operation mechanism is as follows: Liquidity providers contribute their assets to the pool, and traders swap assets within the pool according to preset formulas in smart contracts, rather than using order book mechanisms like traditional exchanges. Advantages and Disadvantages
Advantages Built on BNB Chain: PancakeSwap is built on the BNB Chain, a blockchain by Binance, providing flexibility and high performance.Unique Features: The platform offers unique features like Initial Farm Offering (IFO) and lotteries, creating a diverse and engaging trading experience for users.Multichain Strategy: The multichain strategy allows trading of tokens across different blockchains, increasing access opportunities and diversifying users’ investment portfolios.Privacy Protection: PancakeSwap does not require users to create accounts, ensuring privacy and making the trading process more convenient. Disadvantages Limited Token Trading: The platform only supports trading of tokens available in liquidity pools, limiting users’ choices in trading.Cannot Directly Trade BTC: PancakeSwap does not support direct Bitcoin trading, which may be a limitation for those who want to trade directly with Bitcoin.Risk of Scam Tokens: Due to insufficient vetting when creating pools, users may encounter scam tokens when trading on PancakeSwap.Slow Deployment: Deployment of multichain features may be slower compared to centralized exchanges, causing delays in scaling and updating new features. Using PancakeSwap How to Register for a Pancake Swap To register for a PancakeSwap account, follow these steps: Visit the PancakeSwap website at pancakeswap.finance.Select the “Connect Wallet” option. After successful connection, you can perform transactions and use the platform’s products. You can link with wallets like Binance Chain, Metamask, WaterConnect, Trust Wallet, and others.
Here are some basic ways to use PancakeSwap: Swap:
Access the PancakeSwap website.Click on “Unlock Wallet” or “Connect” in the top right corner of the screen to unlock your Binance Smart Chain wallet.Select the type of token you want to trade and enter the quantity.Review the details and click “Swap.” Then click “ConfirmSwap” to complete the transaction. Liquidity:
Log in to your account and select “Liquidity.”Choose “Add liquidity” in the middle of the screen.Select the token type to add to the liquidity pool. Then, enter the token quantity and click “ConfirmSupply.”Click “Confirm” to complete the process. Farming:
Log in and access the farming section on PancakeSwap. Click “Connect” in the top right corner to unlock your Binance Smart Chain wallet.Choose the Farm you want to participate in, then click “Select.”Click “+” to stake liquidity tokens, enter the token quantity, and click “Confirm” to complete. Conclusion We hope that through the article “What is PancakeSwap? How to use PancakeSwap?“, you now have a better understanding of PancakeSwap, its features, and how to use them. PancakeSwap is not just a decentralized exchange but also a large community with various features such as token swapping, staking CAKE in Syrup Pools, providing liquidity for automated market makers (AMM), participating in Initial Farm Offering (IFO), and trading NFTs through the NFT marketplace. If you have any questions or would like to share your thoughts on PancakeSwap, feel free to leave a comment below. We look forward to hearing from you and sharing knowledge with you! $BTC $ETH $BNB
هيئة الأوراق المالية والبورصة ترسل رسميًا بيان نوايا إلى Sue Uniswap
أعلن هايدن آدامز، مؤسس Uniswap، يوم الأربعاء أن هيئة الأوراق المالية والبورصات أرسلت إشعار Wells إلى Uniswap Labs، تطلب فيه الامتثال لإنفاذ القانون. تم النشر: 11/04/2024 - المؤلف: ليكسيم أعلن هايدن آدامز، مؤسس Uniswap، يوم الأربعاء أن هيئة الأوراق المالية والبورصات أرسلت إشعار Wells إلى Uniswap Labs، تطلب فيه الامتثال لإنفاذ القانون.
أرسلت هيئة الأوراق المالية والبورصات إشعارًا من Wells إلى Uniswap Labs، تعلن فيه عزمها على تطبيق القانون. صرح هايدن آدامز، مؤسس Uniswap: "لست متفاجئًا. أشعر بعدم الارتياح وخيبة الأمل، لكننا مستعدون لمواجهة التحدي. أعتقد أن المنتجات التي نقدمها قانونية ونحن نفعل الشيء الصحيح تاريخيًا.
Bitcoin Rebounds Above $70,000 as Halving Event Approaches
Historically, Bitcoin halvings have triggered short-term volatility but long-term bullish trends, characterized by a diminishing percentage increase in price after each halving event. Published: 11/04/2024 - Author: Leexim
Bitcoin dropped to as low as $67,700 yesterday before rebounding and is currently trading at $70,500. As the cryptocurrency industry anticipates the next halving event, market analysts and investors are closely observing the potential impacts on Bitcoin’s price. Bitcoin Remains Bullish Before the Halving The halving, a reward reduction program for miners, is expected to occur on April 20. It will cut the reward from 6.25 BTC to 3.125 BTC, effectively reducing Bitcoin’s inflation rate from 1.7% to 0.85% annually. Historically, Bitcoin halvings have been associated with short-term volatility but tend to lead to long-term price appreciation. Vincent Maliepaard, Marketing Director at IntoTheBlock, noted that the 2016 and 2020 halving events saw significant price surges followed by short-term corrections, ultimately breaking previous all-time highs within a few months. Bitcoin Price Performance by Halving. Source: IntoTheBlock While short-term volatility may occur around halving events, the reduction in supply can positively impact prices over time. Another notable trend is the diminishing rate of price increases after each halving. For instance, after the first halving, Bitcoin’s value surged by 4,802%, but this rate of growth has decreased with subsequent halvings. Maliepaard stated, “With Bitcoin’s current market capitalization, achieving similar percentage increases would require significantly larger investments, indicating that future percentage increases may diminish.” The momentum from Bitcoin ETF The upcoming halving event also differs in some aspects. Indeed, Bitcoin has surpassed its all-time high, possibly due to significant institutional investment following the approval of Bitcoin ETFs. This institutional capital inflow, combined with consistent demand from ETFs and reduced supply, could further drive up Bitcoin’s value. Furthermore, cryptocurrency “whales” are engaging in higher accumulation strategies and holding positions in anticipation of potential price increases. These actions demonstrate a blend of short-term speculation and long-term strategic moves to preserve Bitcoin as a scarce asset. Generally, these models demonstrate deeper insights and adaptability to the impact of the halving cycle on Bitcoin’s value over time. “In my view, there’s a clear trend towards larger transaction volumes, especially transactions worth over $100,000, particularly since the approval of the Bitcoin ETF. In previous halving cycles, these figures mainly started increasing towards the end of bull markets,” Maliepaard shared. Number of Large Bitcoin Transactions. Source: IntoTheBlock Another interesting observation by Maliepaard is the increase in the proportion of Mining Flow volume. Over the past year, the percentage of volume has increased from around 4% to over 12%, a 200% rise. This increase in the sharing of Mining Flow volume is crucial as it indicates significant changes in miner behavior, which could impact Bitcoin’s supply dynamics and liquidity. Related: This Bitcoin Bull Run Is Unlike Previous Cycles Although the anticipated Bitcoin halving is expected to bring short-term volatility, the long-term outlook remains optimistic, driven by reduced supply and ongoing institutional interest. “Reducing emissions as planned is one of the important economic measures to differentiate Bitcoin from fiat currencies. During the periods before and after the Bitcoin halving cycle, market sentiment often shifts from anticipation to optimism as investors speculate on the impact of halving on Bitcoin scarcity and price,” Maliepaard concluded. Investors should monitor key indicators such as transaction volumes and miner behavior to assess the impact of halving on the market. $BTC #bitcoinhalving #BullorBear #HalvingCylces #HalvingEffect #Halving_update
أعلنت أكبر بورصة للعملات المشفرة في العالم، Binance، مؤخرًا عن إثبات الاحتياطيات، مما يدل على الشفافية والمصداقية لمستخدميها. تم النشر: 10/04/2024 - المؤلف: ليكسيم
أصدرت Binance، بورصة العملات المشفرة الرائدة في العالم، أحدث تقرير لها عن إثبات الاحتياطيات (PoR)، مما يوفر الشفافية فيما يتعلق بممتلكاتها من الأصول الرقمية المختلفة، بما في ذلك Shiba Inu (SHIB). تم نشر التقرير في أبريل 2024، وهو يعرض تفاصيل احتياطيات SHIB الخاصة بـ Binance منذ 1 أبريل 2024، الساعة 00:00 بالتوقيت العالمي.
Bitcoin Slides to $69,000 Alongside Negative Signals
The digital asset market experiences fluctuating highs and lows due to its inherent volatility, occasionally resulting in Bitcoin's downturn, with prices plummeting below $69,000. Published: 10/04/2024 - Author: Leexim
Bitcoin’s price has marked a significant decline, leaving the entire cryptocurrency market in the red, breaking below $69,000. Over the past few years, the market has seen a boom in crypto assets, along with Bitcoin’s ups and downs following its bullish periods. Bitcoin price fluctuations are almost inevitable, when capital inflows and outflows are large, creating unpredictable fluctuations. Bull cycles are often accompanied by a significant increase in capital flows into the market, driving up asset prices. In contrast, bearish periods often occur after asset prices have increased due to economic and industry factors. Assets can hit record highs and fall to lows not seen in months. These fluctuations have been recorded in Bitcoin’s historical price data. A clear example is in 2021, when Bitcoin reached a record high price above $64,000. Meanwhile, the 2022 bear market has pushed Bitcoin prices below $19,000. Here are some signs that point to the end of the bull run. Whale activity
The activities of large investors, or “Bitcoin whales”, have a greater influence than other factors on the market. This is a direct result of their holding of large amounts of Bitcoin, often over 1000 BTC. If activity on the blockchain shows these individuals are selling assets, it is a sign of Bitcoin’s decline, reflecting a change in market sentiment. Similarly, the transfer of large amounts of Bitcoin to exchanges can also be seen as a sign of large investors preparing to sell, signaling a decline in Bitcoin. Relative Strength Index (RSI) Indicators such as Bitcoin’s relative strength index (RSI) can also provide important information to investors about the direction of market movement. RSI measures the buying and selling pressure of an asset, and when an asset becomes overbought, this can signal a possible price drop, leading to a decline in Bitcoin. Low trading volume
$BTC #BullorBear $BTC #BTC、 Low trading volumes are often a clear sign that market sentiment around crypto assets is declining, which often leads to a decline in Bitcoin. When market activity increases, it is often accompanied by bullish price action; Conversely, when activity declines, this signals concerns about a price decline. Strict regulations Strict regulations from government agencies around the world create uncertainty for investors. Much of this harsh regulation often stems from market crashes and bearish events. For example, the collapse of Terra’s stablecoin and FTX exchange in 2022 wiped billions of dollars off the market. These events led to the collapse of Bitcoin and increased stricter regulatory measures in many jurisdictions. Market hype and fanfare around cryptocurrencies like Memecoin, while not directly related to Bitcoin, is often a sign of heightened market activity and rising RSI. Initially, this seemed positive as it was accompanied by a period of cash inflows and price increases; however, this is often followed by a correction in the market, leading to a decline in Bitcoin.
What is Metaverse? Everything You Need to Know About This Future Technology
The term "metaverse" is one that has garnered a lot of interest and curiosity from many people. So, what is metaverse? What makes this technology stand out? Let's explore through the article below with AZC.News. Published: 08/04/2024
After Mark Zuckerberg announced that Facebook would transition from being a “Social Networking Company” to a “Metaverse Company,” along with Epic Games (the developer of the famous game Fortnite) raising $1 billion with the goal of turning the game into a Metaverse, the concept of the Metaverse has become a hot keyword and attracted the attention of many people. In this article, let’s explore what Metaverse is and learn about investment opportunities in the Metaverse in the Crypto market! What is Metaverse? The Metaverse is a virtual world created from the Internet and augmented reality tools (such as VR, AR, or other technologies), aiming to provide the most realistic experiences for users. In the Metaverse, it’s a world that exists parallel to the real world. There, barriers to creativity are almost eliminated through tools and features provided by developers.
If you’re still unclear about this abstract concept, the movie “Ready Player One” is a typical example of the Metaverse. Origin of Metaverse After understanding the basics of what Metaverse is, let’s explore the origin of this concept.
Is the Metaverse a newly emerged term in the era of developing information technology like today? The truth is not so. The term “Metaverse” was first mentioned in the science fiction novel “Snow Crash” by author Neal Stephenson in 1992. In this work, the Metaverse is described as a place where people can interact with each other through a deeply cyberpunk space. Thus, the concept of the Metaverse has been formed for quite some time, even before the Internet age. The word “Metaverse” itself is composed of two words: Meta: Meaning “beyond” or “beyond.”Verse: In the word “Universe” means “universe.” Therefore, the concept of the Metaverse implies a world “beyond the existing universe,” or in other words, a world parallel to reality. The origin of the Metaverse can be traced back over 30 years ago, before the Internet developed as it is today. It’s not a new concept but has been shaped in the imagination of science fiction writers for a long time. What are the characteristics of the Metaverse?
Some key characteristics of the Metaverse include: Sustainability: The ability to sustain continuous operation and constant improvement.Immersion: The level of realism of the experience in the Metaverse, reflecting the ratio between virtual experience and reality.Openness: Allowing participants to connect or disconnect at any time. It is also an open space, not restricted in creativity.Economic System: There is an economic system parallel to reality, allowing easy asset transfer between the virtual world and the real world. Users can accumulate assets through creations in the Metaverse. These characteristics show that the Metaverse brings a multidimensional, vivid, and highly interactive experience, as well as a separate economic system parallel to the real world. Layers in the Metaverse ecosystem
The Metaverse is built on 4 main constituent layers: Foundation Layer: This is the platform layer for connectivity, which is the Internet network.Infrastructure Layer: In terms of infrastructure for the Metaverse, including hardware components that provide a realistic experience for users. In addition, key technologies such as Blockchain, AI, Big Data are also in this layer.Content Layer: This is the layer containing games, applications that allow users to immerse themselves in different virtual worlds, creating the most vivid experiences.True Metaverse Layer: This is the final layer, when the underlying layers have developed enough, will create a complete and true Metaverse. The development process of the Metaverse goes as follows: The Internet platform layer is being upgraded, becoming faster and more convenient.The infrastructure layer is also being continuously invested and improved by technology giants.The content layer is gradually forming with games in the style of the Metaverse, waiting for perfection from the infrastructure layer. When these platform layers develop fully, the true Metaverse will soon become a reality. Some prominent Metaverse Games Although current technology still cannot provide a perfect Metaverse experience as in “Ready Player One,” there are already many products and applications built based on the concept of the Metaverse. Some typical examples: Minecraft: An open-world game that allows players to mine resources, build structures, and create their own worlds, while interacting with other players.GTA V: In multiplayer mode, players can interact, trade, and communicate with each other in an open world.Roblox: Allows players to create content, with VR support and an economic incentive system.
In the cryptocurrency market, there are also many games in the Metaverse style such as Decentraland, The Sandbox. These games allow players to create their own worlds, own assets in the form of NFTs, and exchange them in the marketplace. However, current Metaverse applications still have many limitations: The experience is not truly authentic due to the limitations of augmented reality technology. The interaction between products is still very limited, especially with games not based on blockchain. User creativity space is still limited. Therefore, the true Metaverse has not yet been realized as in the work “Ready Player One.” But current applications have shown significant progress and enormous potential for Metaverse development in the future. Why is the Metaverse becoming popular?
Throughout history, humans have always nurtured desires for exploration and overcoming: Crossing vast oceans, conquering towering mountains, exploring the mysteries of the universe,… However, with many barriers in terms of technology, finance, or limited resources, we cannot meet all these needs quickly. Currently, with the explosive development of the Internet and technology, it seems that we have found a new solution to these challenges, which is to use the Metaverse. For a true Metaverse, we can fully enjoy unlimited experiences and exploration while waiting for technology to develop for real experiences. A clear example is the human desire to explore the universe: Traveling around the world today has become much easier and more common. However, gradually, exploring the Earth is no longer as attractive as before, our next goal is the universe. However, developing rockets and infrastructure for space exploration is currently costly and time-consuming. Resource barriers cannot keep up with demand. Therefore, we can use the Metaverse to experience space exploration based on experiments. Augmented reality technology will provide the most intimate and realistic feeling for humans. As a result, with the Metaverse, we can experience exploring the universe closest to reality, at a much lower cost while waiting to overcome barriers. In addition, with unlimited creative abilities in the Metaverse, humans will gain more inspiration for inventions beyond reality. In the context of the current Covid-19 pandemic, as countries implement social distancing policies, the Metaverse becomes an ideal place for us to interact with each other in the most authentic way. Potential of the Metaverse How vast is the scale of the Metaverse?
With an immensely ambitious vision of constructing a parallel world alongside our reality, one can imagine the scale to which this market will grow. Currently, statistical data indicates that the total global asset volume by the end of 2020 had reached $418.3 trillion. Therefore, it can be said that this is an immensely large market with plenty of opportunities for future development. However, this is just a distant view of the future, so what is the recent situation like? According to research from LD Capital (a leading Blockchain technology investment fund in China), the Metaverse industry will consist of two main components: Hardware infrastructure: This includes industries involved in producing hardware such as chips, electronic components, augmented reality devices, etc., which are crucial infrastructure to enhance the experience within the Metaverse. According to research from The Business Research Company, in 2020, the value of this industry globally reached around $862 billion with an annual growth rate of 9.4%.Metaverse content: This encompasses all platforms (mostly games) that enable users to participate and immerse themselves in the Metaverse. This category also includes social networks or sharing platforms such as YouTube, TikTok, etc., but with the true Metaverse, these platforms will be directly integrated with games. Currently, the value of this industry is estimated to be around $170 billion. So, although the Metaverse has not truly developed as intended in the end, what exists today already holds a value of trillions of dollars. This is not to mention that as augmented reality products become more widely adopted, they will serve as a foundation for even stronger growth in the Metaverse Gaming market. Moreover, with the “Beyond the Universe” vision of the Metaverse, it is possible that in the future, all non-physical assets will be brought into the Metaverse to create a truly parallel world (even potentially surpassing the real world). From there, this industry could potentially reach hundreds of trillions of dollars. Applications of the Metaverse The Metaverse not only provides entertainment experiences but also opens up many applications in other fields such as healthcare, education, manufacturing, military, and many others. For example, in the healthcare field, the Metaverse can create a virtual environment to help doctors research and develop new treatment methods without requiring too many resources and without posing risks to patients. In the education field, an interactive virtual world can help students learn from top teachers. Learning combined with practical examples makes understanding easier and more vivid. What do the tech giants think about the virtual universe Metaverse?
Mark Zuckerberg, Founder & CEO of Facebook It’s no coincidence that the Metaverse has attracted significant attention from large companies with strong resources. The goal of the Metaverse is not only to meet daily needs but also to be a major step forward in creating a digital world parallel to the real world. One of the first people interested in the Metaverse is Mark Zuckerberg, Founder & CEO of Facebook. He shared about the Metaverse as follows: “Mobile internet can now meet many people’s needs from waking up to going to bed. Therefore, I don’t think the main purpose of the Metaverse is to get people to engage more on the Internet, but to allow people to participate in the Internet more naturally.” In line with this statement, Facebook has invested in VR devices through the acquisition of Oculus and even renamed the company to Meta to focus on developing hardware infrastructure for the Metaverse. In addition to Facebook, other major tech companies such as Google, Microsoft, Sony have also entered the Metaverse through the establishment of the XR Association – a union with the goal of developing “Experiential Reality.” Tim Sweeney – CEO of Epic Games, the company behind the game Fortnite, has also shared his views on the Metaverse. He believes this is a very potential market and explains why Epic Games wants to develop Fortnite into a part of the Metaverse. Furthermore, Tim Sweeney emphasizes that the Metaverse will not only be a world created by one company but will include many applications and interaction possibilities between different worlds. In the Crypto market, Decentraland – a Metaverse application, has been represented by Dave Carr. He highlights the decentralized nature of the Metaverse and believes that Decentralization is necessary for users to have ownership and creative freedom in the Metaverse. Why is Blockchain the ideal place to develop the Metaverse? In fact, the Metaverse can be established on the basis of many different types of technologies. However, in a world that values unlimited creativity, interaction, and decentralized freedom like the Metaverse, it seems that Blockchain will be one of the key technologies of this world. I will explain why right below! Blockchain – The essential platform for the development of the Metaverse
When researching the theory of the Metaverse, we can see that blockchain technology will play a key role in building a true Metaverse. As seen in Jon Radoff’s Infographic, the Metaverse industry is attracting the participation of many leading technology companies, including hardware, software, blockchain, gaming, etc. Among them, the Content layer – the content and experience – is seen as closest to the concept of the Metaverse. However, current platforms like Google, Facebook, Fortnite, Roblox still have some limitations: Limited interaction between platforms: Users cannot move or exchange digital assets between different virtual worlds.Digital assets do not truly belong to users: Virtual items in games can be lost due to policy changes or regulations.Lack of personalization and ownership: Users do not have real ownership rights to their digital assets. Here, blockchain technology with prominent features such as: Scalability: Modern blockchains like Avalanche, Polkadot, Cosmos have addressed the issues of speed and scalability.Interoperability: Assets on different blockchains can be exchanged through Cross-chain technology.Ownership & Privacy: Digital assets in the form of NFTs (non-fungible tokens) help users hold ownership and control over their assets.Security: Blockchain technology provides high security for users’ digital assets. Moreover, the strong development of DeFi (Decentralized Finance) also serves as a simple, flexible digital economy system to support economic activities in the Metaverse, such as trading goods, transferring assets, borrowing, payments, etc. With the superior advantages of scalability, interaction, ownership, and security, along with the development of the DeFi ecosystem, blockchain technology can indeed become the key platform for building a true Metaverse – a more creative, interactive, and personalized virtual world. Key Factors Driving the Development of Metaverse in Crypto To build a truly comprehensive Metaverse within the Crypto space, there needs to be a combination of three main components: Optimized Blockchain Platforms: These serve as the foundational layer. There is a need for blockchains with good scalability, such as Polkadot, Avalanche, Cosmos, Solana, NEAR, Mina, etc. These blockchains will meet the requirements for performance and storage for the Metaverse.Dapps Serving the Metaverse: On top of blockchain platforms, decentralized applications (Dapps) serving various purposes of the Metaverse are necessary:Pure Metaverse Gaming platforms like Decentraland, The Sandbox.DeFi applications to develop the Metaverse economy, such as exchanges, lending services, payments, etc.NFT applications to build a digital asset system within the Metaverse.Cross-chain Bridges: This is an important factor for creating connectivity and interaction between virtual worlds and the Metaverse economy. Cross-chain technologies will enable the exchange and conversion of digital assets across different blockchains. Currently, despite significant progress, the above factors are still not fully developed: New blockchain platforms only partially solve the speed and scalability issues.Dapps serving the Metaverse have not yet created experiences as compelling as traditional games.Cross-chain technology still has many loopholes, leading to related hacking incidents. Therefore, for the Metaverse in the Crypto space to develop, companies and developers need to continue improving and perfecting these core elements. When these three components are effectively combined, the Metaverse will be able to break through and grow significantly. Metaverse Development Trends
Metaverse – Still an Idea for the Future Although information technology is advancing rapidly, the Metaverse is still only a concept for the future and not yet the time to explode. There are several reasons for this assessment: VR technology is still limited: Currently, VR devices on the market are still relatively expensive and not widespread. VR-related experiences are also not truly compelling, making developers hesitant to invest in this field.The VR market is still small: According to estimates by Grand View Research, the Virtual Reality market reached only about $22 billion in 2021 – a modest figure compared to the potential for future development. However, the growth rate of this industry is expected to reach about 18% per year, with an estimated scale of $70 billion by 2028.Preparing for the Metaverse: Although VR hardware is a key factor for the Metaverse, content development will also occur simultaneously, rather than waiting for VR to be perfected. Tech giants like Facebook, Epic Games, Roblox, etc., have begun investing in and preparing for the future of the Metaverse. In summary, the Metaverse is still only a theoretical concept for the future, not yet the time to explode. However, with the participation of many major technology companies, along with the advancement of VR technology, the Metaverse is expected to become a highly potential industry in the future. Investment Opportunities in the Metaverse Ecosystem With the development of blockchain technology, the Metaverse is expected to become a large and diverse virtual space in the future. So where are the investment opportunities in the Metaverse? Blockchain Infrastructure Platforms: The blockchain platforms for the Metaverse need to have the following characteristics:High scalability to meet widespread usage needs.Low transaction fees, fast speeds, and high security.Large storage capacity and unlimited creativity. Examples include Solana, Mina, Avalanche, Polygon, Cosmos, NEAR, Flow, Theta, etc.Dapps Serving the Metaverse
Platforms like Decentraland, The Sandbox for Metaverse Gaming.Open-world gaming platforms that allow unlimited creativity.NFT marketplaces.DeFi platforms, especially those facilitating asset transfers between the real world and Crypto.Cross-chain and Interoperability Applications: These are important platforms for connecting Metaverse ecosystems, such as:Liquidity Cross-chain applications.Conversion and exchange of NFTs across blockchains. However, it’s important to note that the Metaverse is still a concept for the future, not yet the time for a strong explosion. Current Metaverse platforms like Sandbox, Decentraland are still not attractive enough. Therefore, instead of investing directly in Metaverse projects, investors can seek opportunities from the “small waves” when major tech giants provide information about the Metaverse. And when the infrastructure and content of the Metaverse become more complete, the true explosion of the “Blockchain Metaverse” will occur. Conclusion Through this article, I have provided you with basic information about the Metaverse, as well as the potential development of this industry up to trillions of dollars. The development of technology along with the impact of the pandemic has turned the Metaverse – a concept that has existed for nearly 30 years – into a hot topic recently. With the participation of major technology giants, we have every reason to believe in the enormous potential of the Metaverse. Notably, blockchain technology is expected to play a key role in the development process of the Metaverse. However, the Metaverse is still a relatively new concept, requiring more time and infrastructure to truly explode in the future. This article is compiled based on my personal perspectives, along with some analysis from research sources such as The New York Times and Coindesk. You can refer to these additional sources of information. #Metaversee #MetaverseInvesting #MetaverseGems $ETH
Bitcoin Rebounds to $71,000, Gearing Up for an Explosive Price Surge
BTC cycle theorists are optimistic about an upcoming parabolic rally, yet BTC bulls still face short-term obstacles. Published: 08/04/2024 BTC cycle theorists are optimistic about an upcoming parabolic rally, yet BTC bulls still face short-term obstacles. After initial challenges in Q2 2024, Bitcoin’s price has seen a significant recovery from a low of $64.5k to $71k at the moment. However, the trendline support from February to April has not been restored at this time. Even so, Bitcoin market cycle experts believe that a surprising parabolic price increase is possible. One of these theorists is Vijay Boyapati, a famous internet personality and author of the book “The Bullish Case for Bitcoin”. He emphasized that when Bitcoin reaches its peak, there is no real surplus in supply, and this could open up a large field for parabolic price increases. A sharp price increase is about to happen? Following historical data, it appears that a wild rally in Bitcoin’s price is about to take place. Other market cycle analysts also share similar views to Boyapati. For example, crypto research analyst Rekt Capital noted that a weekly close above the 2021 cycle high of $69k is crucial to warrant further upside.
To be clear, Bitcoin has recovered beyond ~$69,000 and the weekly candle close at $69.36k proves these points right. Given Bitcoin’s cycle, analysts believe that a breakout after the accumulation phase could be the start of a parabolic rally. Steve Courtney from Crypto University Crew also quipped that Bitcoin will enter the final phase of its bull cycle if it continues to close above $68.6k on the monthly chart. He also emphasized that if Bitcoin continues to close above $68.6K by the end of April, it could see a parabolic price increase. However, trendline support that has existed for the past few months, the $71K resistance level, and other macro factors remain short-term hurdles to consider. #BTCHalvingApril2024 #BTC、 #BullorBear $BTC
According to the announcement from the bankrupt cryptocurrency company Genesis, they have completed the conversion process from GBTC to Bitcoin, with the amount of Bitcoin recovered reaching 32,000.
The bankrupt crypto lending firm Genesis has converted approximately 36 million shares of the Grayscale Bitcoin Trust (GBTC) into Bitcoin as part of its preparations to settle debts with creditors. According to a recent Bloomberg report, the company liquidated the GBTC shares on April 2, at a value of around $58.50 per share at that time. Notably, the GBTC share price has surged by approximately 50% since Genesis initially sought permission from the U.S. bankruptcy court to sell the shares. Back on February 2, when the shares were priced at $38.50, Genesis began the process of offloading the GBTC shares. The total amount generated from the sale was $2.1 billion, enabling Genesis to acquire 32,041 Bitcoin on April 2, at a price of $65,685 per Bitcoin. These acquired Bitcoins will be used by Genesis to fulfill its obligations towards creditors. As of the time of writing, the 32,041 Bitcoin holds a value of approximately $2.18 billion.
In response to concerns about the potential impact of this large sell-off on the crypto market, cryptocurrency exchange Coinbase reassured the community that the funds are likely to remain within the crypto ecosystem, having a neutral overall effect on the market. Coinbase explained that the bankruptcy plan allows Genesis to either convert GBTC shares into Bitcoin assets on behalf of the creditors or sell the shares outright and distribute the cash. The move follows Digital Currency Group’s claim that its subsidiary company, Genesis, has proposed to pay its customers more than their actual entitlements. Genesis Settles with the SEC
In a bankruptcy court filing last month, Genesis announced that it had reached a settlement agreement with the SEC, agreeing to pay $21 million to resolve the civil lawsuit. According to the SEC’s lawsuit, Gemini Earn had approximately 340,000 customers and $900 million in assets under management as of November 2022. Following FTX’s bankruptcy in the same month, Genesis temporarily suspended Gemini Earn withdrawals, citing “unprecedented market turmoil” and liquidity issues. Genesis filed for bankruptcy after the SEC’s lawsuit was filed in January of the previous year. In February, Gemini agreed to return $1.1 billion to Gemini Earn customers through the Genesis bankruptcy proceeding, as part of a settlement with New York’s financial regulator. More recently, a federal judge ruled that the SEC’s lawsuit against crypto firms Gemini and Genesis will proceed in court. The judge’s decision came after Gemini and Genesis attempted to have the lawsuit, which alleges the sale of unregistered securities through the Gemini Earn program, dismissed. The judge rejected the motions to dismiss, stating that the SEC’s allegations were plausible enough to continue with the legal proceedings. #BTC、 #gbtc #BullorBear
ظهرت مقالة تداول الفوركس وكيف تعمل لأول مرة على Coinpedia Fintech News
مرحباً بالمغامر في غابة الفوركس! نبدأ رحلة مثيرة عبر التقلبات والتحولات في تداول العملات. بدءًا من الأساسيات التي تتعمق أكثر وحتى إتقان فن المضاربة - قمنا بتغطيتها جميعًا. دعونا نتعلم لماذا يحلم الكثير بالحصول على ترخيص وسيط فوركس!
كشف الغموض: ما هو كل ما يتعلق بتداول العملات الأجنبية؟
لا بد أنك سمعت عن تداول العملات الأجنبية، ولكن ما سبب كل هذه الضجة؟ يعني ببساطة التعامل مع العملات الأجنبية وشرائها عندما تكون تكلفتها منخفضة لبيعها لاحقا بسعر أعلى لأغراض الربح. ومع ذلك، لا تنخدع لأنه خلف هذا البريق، يوجد عالم غامض مليء بالرسوم البيانية والأنماط والمقارنات السياسية من اليسار واليمين والوسط.
انتعاش البيتكوين بالقرب من 69000 دولار مع اقتراب حدث النصف
ينتعش سعر بيتكوين بعد بداية صعبة لهذا الشهر، على بعد أقل من أسبوعين بقليل من حدث النصف المرتقب.
جدول المحتويات البيتكوين يرتفع إلى 69000 دولار توقيت حدث تنصيف البيتكوين تتعافى عملة البيتكوين بعد فترة من الاستقرار تبدأ في شهر أبريل، لترتفع مرة أخرى إلى ما يزيد عن 69000 دولار يوم الخميس قبل حدث النصف القادم للشبكة المتوقع في غضون أسابيع قليلة. البيتكوين يرتفع إلى 69000 دولار
ارتفع سعر البيتكوين بنسبة 5% خلال الـ 24 ساعة الماضية، ليصل إلى 69,100 دولار، ليعكس اتجاهًا استمر ثلاثة أيام شهد انخفاض أعلى عملة مشفرة إلى أقل من 70,000 دولار ولامس 65,000 دولار تقريبًا يوم الثلاثاء قبل أن يرتد مرة أخرى يوم الخميس.
Successful $7.5 Million Raised by Raiinmaker in Seed Round
The infrastructure platform Raiinmaker recently conducted a successful angel funding round, raising $7.5 million from prominent investors such as Jump Capital and Cypher Capital. Raiinmaker, a Web3 infrastructure platform specializing in providing artificial intelligence (AI) tools, has successfully completed its initial funding round worth $7.5 million led by Jump Capital and Cypher Capital. Other investors include Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, GDA Capital, and Alpha Sigma Capital.
According to data from CrunchBase, this new funding round has brought Raiinmaker’s total funding raised to $12.5 million. Raiinmaker focuses on developing decentralized AI tools and Web3 infrastructure to serve projects in the sports, gaming, and entertainment industries. Through this platform, users can train AI models directly on their iOS or Android mobile apps and receive corresponding rewards. Raiinmaker is scheduled to launch its mainnet this April, with the issuance of COIIN tokens following shortly thereafter. Artificial intelligence is one of the areas that has attracted significant attention from the blockchain industry recently. Previously, Lightspeed Faction led a $6 million funding round for another AI company, FLock. Introduction to Raiinmaker
Raiinmaker is a technology company that has developed the Coiin Network Protocol, Raiinmaker Mobile App, Coiin.io, and FanQuest. The company’s focus is on deploying the scalability of Web3, decentralized AI, and implementing DePIN (Decentralized Physical Infrastructure Network) to drive Batch Applied Solutions starting from the Sports, Gaming, and Entertainment sectors. Raiinmaker democratizes the processes of creating and collecting data and operates efficiently and scalably, supported by a unique modern architecture utilizing Web 3 technologies, Artificial Intelligence (AI), and Decentralized Physical Infrastructure Network (DePIN). Raiinmaker’s platform connects with a large network of user devices globally to leverage collective creativity, utilization, and processing capabilities as well as human data generation capabilities worldwide. This ecosystem not only diversifies the scope and depth of data insights but also prioritizes humans and places Raiinmaker at the forefront of the data-focused digital economy. The heart of Raiinmaker’s identity is the double “ii” symbol, a profound and meaningful emblem. It symbolizes the essence of connection – powerful interactions between humans driving community and innovation. In all aspects of our technology, we emphasize and facilitate these dynamic and meaningful interactions, placing humans at the center.
تعلن جالاكسي ديجيتال عن صندوق يدعم الشركات الناشئة في مجال العملات الرقمية
أعلنت جالاكسي ديجيتال عن صندوق بقيمة 100 مليون دولار يهدف إلى تعزيز النمو للشركات الناشئة الواعدة في مجال العملات الرقمية، مع التركيز على الشركات في مراحلها الأولى في مجال التشفير.
فهرس يعزز صندوق جالاكسي ديجيتال نمو نظام العملات الرقمية تضاءل الاهتمام المؤسسي تقوم جالاكسي ديجيتال، إحدى الشركات الرائدة في قطاع العملات الرقمية، بتوسيع نطاق استثماراتها من خلال الإعلان عن صندوق جديد بقيمة 100 مليون دولار. يهدف هذا المشروع المشترك إلى تعزيز القوة والإمكانات للشركات الناشئة في قطاع العملات الرقمية.
#Wormhole- نجحت منصة متعددة السلاسل تم تطويرها على Solana في جمع أكثر من 300 مليون دولار أمريكي من العديد من كبار المستثمرين. إذًا، ما هو الثقب الدودي؟ هل يستحق رمز W الاستثمار فيه؟ هيا نكتشف!
جدول المحتويات ما هو الثقب الدودي؟ ما هو حل الثقب الدودي؟ ما هي عمليات الثقب الدودي؟ ما هي منتجات Wormhole؟ ما هي التطبيقات المبنية على Wormhole؟ ما هي أبرز معالم الثقب الدودي؟ ما هو رمز W؟ معلومات أساسية عن رمز W: فائدة تخصيص الرمز المميز W Token
#MyFirstFeedPost Hello, Binance Square! Binance Announces Listing of Wormhole (W)
Binance has announced that it will list Wormhole (W) on April 3, 2024, at 12:00 (UTC). Wormhole (W) is a cross-chain protocol in the Solana ecosystem that has successfully raised over $300 million USD.
Binance to List Wormhole (W) and Enable Spot Trading Pairs at 12:00 (UTC) on April 3, 2024
New spot trading pairs: W/BTC, W/USDT, W/FDUSD, and W/TRY. Users can now begin depositing W to prepare for trading. Withdrawals will open at 12:00 (UTC) on April 4, 2024. Listing fee for W: 0 BNB. Smart contract: Solana Sign up for trading on Binance here.
What is Wormhole (W)? Interface Wormhole Interface Wormhole Wormhole is a conventional messaging protocol that enables communication between blockchains.
Wormhole is considered one of the pioneering projects in cross-chain technology, with a large scale and partnerships with industry-leading partners such as Uniswap, Jump Crypto, Circle, etc. Despite experiencing a serious hack in 2022 with over $300 million stolen, the project has resiliently overcome and continued to develop to this day.
With impressive figures such as total accumulated trading volume reaching $35 billion and total value locked exceeding $980 million, Wormhole has affirmed its crucial position in the cross-chain technology field, overcoming challenges to continue its strong development journey. #Wormhole. #Binancelisting