Author: James Wilson

Monad price will be in the spotlight this week as the developers launch its mainnet after a highly successful Initial Coin Offering by Coinbase, the top American exchange. Summary Monad raised $269 million from investors during its token sale last week. The developers will launch the mainnet launch on Monday. The MON token will start trading on Monday, with history showing that it will drop. Monad, a layer-1 network with EVM compatibility, raised $269 million in the most successful ICOs this year. Over 85k participants bought the MON token, a sign that it has momentum. Most importantly, the ICO was…

This article will discuss the staking service provided by Bitfinex exchange. We will also go through all the cryptocurrencies supported by Bitfinex for crypto staking, staking reward, etc. Before ending this article, we will also discuss the risks of staking on Bitfinex. Summary (TL;DR) Proof-of-Work and Proof-of-Stake are considered as two most commonly used consensus protocols. Cryptocurrency staking emerged from the PoS consensus protocol.Bitfinex launched a cryptocurrency staking service on 7th April 2020 and allowing users to earn passive income by holding specific digital tokens.Users can earn rewards weekly by holding some crypto token that supports staking on Bitfinex exchange,…

Why is everyone concerned about bitcoin’s energy use, from Elon Musk to Janet Yellen? Elon Musk said Tesla has halted purchases of vehicles with bitcoin due to concerns over the “rapidly increasing use of fossil fuels for bitcoin mining.” thereafter we have witnessed a solid crash. Elon musk Tweeting about Tesla stop taking Bitcoin as payment But are these concerns are real? Is this the concern over energy consumption or over the usage of fossil fuels? let’s break this down. Bitcoin’s Energy Consumption Per Year According to Cambridge University experts, Bitcoin mining presently consumes roughly 110 Terawatt Hours per year. That’s…

You can swap on 1inch and get the lowest available prices in the market. However, the entire process of swapping can be a bit complicated for beginners. Hence, in this article, we will focus on the steps to swap crypto on 1inch.  What is 1inch? 1inch is a decentralized exchange that provides the most protected, fast, and lucrative crypto 1inch is a decentralized platform that provides the best prices by connecting to other decentralized exchanges. This way, 1inch reroutes to other decentralized exchanges while users enjoy the best price route. As a result, the platform provides the most protected, fast,…

BTCST aims to bring Bitcoin to DeFi! And seeing its recent growth, it is evident that traders are going all-in on BTCST. But is it going all the way to $1,000 or higher? The BTCST or the Bitcoin Standard Hashrate Token is the bridge between Bitcoin and DeFi. Further, each BTCST is collateralized with 0.1 Th/s mining power of BTC. Further, HODLing the BTCST token and staking it on-chain will make you entitled to Bitcoin mining rewards. Hence, providing the service for anyone to enter or exit the Bitcoin mining exposure. Why BTCST? The Bitcoin Standard Hashrate Token is a Binance…

We always talk about supply and demand, the core KPI which drives the market forces. The more the demand for Bitcoin, the more the price, and hence it is important to understand the Bitcoin metrics. In the long term, Bitcoin’s scarce is inevitable due to its nature of minting more coins, and hence the price of a Bitcoin will only see upside if you look through a futuristic vision. This article shall talk about few critical metrics that will help you understand the metrics of demand and supply, holdings, the movement of the price, etc.; all these indicators will help you…

CoinFLEX extends deliverable swap contracts without any expiration date with up to 100X leverage. For Instance, It provides the first-ever short-term lending Repo market to all its users. Today in this CoinFLEX review, we will look into the features, products, security/ customer support, and pros & cons of the platform. Summary (TL;DR) CoinFLEX is a multifunctional crypto trading platform with various services to offer. It offers over six market types, many trading pairs, and selected crypto assets for trading.FLEX is a utility token offered by the exchange. Users need to maintain a balance of FLEX for trading and rewards.The trading interface…

Solana is trading around $126.53, based on historical data for that date. The market is showing signs of weakening as SOL pulls back from earlier highs, but fundamental strength in its ecosystem continues to support long-term potential. For on-demand analysis of any cryptocurrency, join our Telegram channel. Solana Next Target Price: $126.53 24-Hour Trading Volume: 12.56 million SOL Total Supply:600 million Price is in a downtrend, however, it’s trading in a Channel Down pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Meanwhile, price is approaching $125 support, which also lines up…

Crypto trading on cryptocurrency exchanges requires knowledge about the market, which can help you gain profit. Before starting your trading journey, you first need to know what cryptocurrency is? What is cryptocurrency? Cryptocurrency is a new asset class that exists only digitally and is powered by blockchain technology. It can be traded like stocks and commodities. A cryptocurrency is not issued by a central authority. Blockchain helps record and manage transactions. It is also the technology that gave birth to cryptocurrency. All the records are secured and stored in a distributed ledger using robust cryptography. Now that you know what…

Imagine blockchain networks as separate islands, each with its unique features and rules. These islands represent different blockchains, like Ethereum, Binance Smart Chain, or Polygon. Now, picture valuable items (digital assets or data) on one island that you want to use on another island. Here’s where bridges come in. A bridge acts like a magical pathway or connection between these islands. It allows you to move your items from one island to another, making them usable in different places. This movement is secure and follows certain rules to ensure everything stays safe. Now, think of these items as digital money…