Why is Ethereum’s price increasing?

By AlexB20 (via Publish0x)

Ethereum, Ripple’s XRP, Litecoin, and chainlink are the world’s largest cryptocurrencies after Bitcoin, and they suddenly soared this week. The total market capitalization of Ethereum, XRP, Litecoin and Chainlink is approximately US$100 billion, which have risen by 20% to 50% respectively this week, even surpassing the gains of Bitcoin. Although Bitcoin has a growing reputation as a digital gold before 2020, and Ethereum, XRP, Litecoin, and chain links have been boosted, other cryptocurrency trends have also pushed them higher.

If you are on the right path and using the right platform, investing in cryptocurrency is a good thing in general. After many failed attempts to get the right platform, I came across the Libraforex cryptocurrency investment platform (www.libraforex, io), where every 10 days I use cryptocurrency for every investment I get a different percentage. Before I tried it and believed me, it had been smooth and looked really good. Don’t give up cryptocurrency and join the platform. Believe me, you will no longer care about price fluctuations. Thank me later. PS: In any case, it’s not that I tempted you to do anything for my own personal financial benefit, I just share it innocently so that you can get one or two benefits from it, because this has been working for me. You can also research the method that suits you.

Ethereum has grown by 20% in the last week along with other major cryptocurrencies (including Ripple’s… [+]) Flick through Getty Images This week, the price of Ethereum exceeded $500 for the first time since June 2018. Although Ethereum is still far below the all-time high of about $1,500 set in January 2018, the price of Ethereum has risen nearly four times in March 2020. The collapse of the coronavirus has swept the global market. Paolo Ardoino, CTO of Bitfinex, based in the British Virgin Islands, said via email: “Ethereum has hit $500 for the first time since June 2018. This is an important milestone.”

“Ethereum is on the rise and is about to transition to proof-of-stake. [Its strong price performance highlights optimism and seems to be raising the cryptocurrency field. Although Bitcoin is the unquestioned king of cryptocurrencies, the thriving Ethereum community There are many possibilities for being alive.” The price of Ethereum has soared above US$500 per Ether this week, soaring by 50% in just a few days One such part of the Ethereum community is chainlink, an Ethereum-based cryptocurrency token that powers a decentralized network that is designed to connect smart contracts to external data sources.

In the past year, due to growing interest in decentralized finance (DeFi), the use of encryption technology to recreate traditional financial tools such as loans and insurance, the price of chain-link chains has soared by an astonishing 500%. Chainlink co-founder Sergey Nazarov (Sergey Nazarov) said via email: “Accelerating Bitcoin’s growth is the growing demand for revenue and the rise of DeFi, the fastest growing sector in the blockchain industry. “Nazarov expects that, driven by the new DeFi cryptocurrency project, “in this market cycle”, Bitcoin will exceed $100,000 per Bitcoin. “Now, this is the first time in the history of Bitcoin, and it coincides with the historical increase in the inflation rate; not only can someone buy Bitcoin as a hedge against inflation, but they can also get higher than expected The annual interest rate or yield comes from traditional finance.”

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Elon’s In-Tweet Romance With Doge: How Does It Impact Crypto?

By CoinJoy (via PublishOx)

Elon Musk loves letting his inner doge out — anyone following him on Twitter can confirm that. Over the last few years, he has also seemingly become a huge proponent of cryptocurrencies. So when his two passions for dogs and crypto collide — as of late, this has been happening quite often — Musk shows a tendency to tweet playful memes referring to a certain dog-branded cryptocurrency. To him, that’s an amusing distraction. To potential investors all around the world, that’s a call to action. 

While certain billionaire’s tweets regarding Dogecoin and Bitcoin have been noted to correlate with surges in the value of the respective currencies, his de-facto influence on the cryptomarket remains subject to speculation. Moreover, the nature of this influence has recently become controversial enough to capture the attention of SEC — apparently, much to Elon’s amusement.

So is there a way to determine the extent to which Musk’s memeful tweets affect crypto? And does he really have enough market clout to propel the value of currencies by posting a meme?

🎶 Who let the Doge out 🎶

— Elon Musk (@elonmusk) February 7, 2021

The Musk Factor

It’s not just SEC paying close attention to Elon’s tweets — scientists do that too. Lennart Arte, a blockchain researcher from the University of Hamburg, has recently conducted an event study that provides some insight into the actual impact of Musk’s social media activity on crypto. 

Attempting to estimate the scope of Elon’s influence of on the market, Arte selected six of his recent tweets (dubbed in the paper as events) referring to Bitcoin and Dogecoin and analyzed the corresponding shifts in trading volume and prices of both currencies before and after each event. 

Using the event study methodology, Ante then calculated cumulative abnormal return (CAR) and cumulative abnormal trading volume (ATV) – two indicators that help to establish a casual link between Musk’s tweets and subsequent cryptocurrency fluctuations as well as determine the share of cryptocurrency returns and trading volume that can be attributed to Elon’s Twitter activity. 

Ante identified significant abnormal returns in four out of six events selected for the study. In other words, at least four tweets about crypto posted by Musk had a direct connection to subsequent price and trade volume fluctuations of the corresponding currencies. For instance, here’s what happened to Bitcoin after Elon changed his Twitter bio to #bitcoin this January:

Within an hour after the event, Bitcoin trading volume increased from 5,000 to around 20,000 trades per hour, while its price jumped from about $32,000 to about $38,000, increasing the market capitalization of Bitcoin by $111 billion. If these numbers don’t look impressive enough, here’s a graph illustrating how DOGE/USDT trading volume skyrocketed from $1,942 with an average of 9 trades per minute to about $299,330 with 775 trades per minute right after Musk came up with this brilliant tweet on December 20:

One word: Doge

— Elon Musk (@elonmusk) December 20, 2020

While not all of the analyzed tweets led to significant surges in currency value (in fact, one of the tweets referring to Bitcoin was followed by a 1.7% decline in its price), Ante concludes that two of the Musk’s activities with especially high CAR — namely the change of his Twitter bio to #bitcoin and the one-word tweet about Dogecoin — have indeed resulted in huge increases in trading volumes and large positive abnormal returns for both currencies. 

To the moon?

Alright, so now there is scientific evidence that Elon Musk can indeed move cryptomarket with his tweets. What does this mean for the market and its participants? 

For one, if a playful tweet by a billionaire with a certain appreciation for dogs — even if he is one of the most influential people in the world — can make currency prices skyrocket, a less amusing tweet could also make the market crumble. This is something all cryptocurrency investors should keep in mind.

If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.

— Elon Musk (@elonmusk) February 14, 2021

Another thing investors should probably consider is that the next time funny billionaire Elon is in the mood to post another soon-to-become viral meme, there’s a good chance they could capitalize on that. Or they could lose. Who knows? The way things are now, predicting the virality of Musk’s memes could totally become Twitter’s next favourite sport. 

Jokes aside, moving entire markets by virtue of posting a tweet seems like too much power even for a person like Elon. Whether Musk’s current affinity for crypto will prove its blessing or its curse, remains to be seen. 

Resources

1. https://coinjoy.io/media/200/elon-s-in-tweet-romance-with-doge-how-does-it-impact-crypto

Reddit Forms First Blockchain Partnership With Ethereum Foundation

By Abhimanyu Krishnan (via PublishOx)

On Jan. 28, Reddit formally announced a partnership with the Ethereum Foundation, with the goal of bringing Reddit closer to being decentralized. 

• The collaboration, which is Reddit’s first-ever blockchain partnership, will see the two parties work closely to create scaling solutions, following the initial groundwork of using Ethereum for Reddit’s Community Points program
• The first challenge that will be tackled is “bringing Ethereum to Reddit-scale production” i.e. the creation of an open-source scaling solution that can be used to support large-scale applications
• The effort will be led by Reddit’s crypto team, which is currently on the hunt for more backend engineers
• Reddit, a major hub of cryptocurrency discussions, has already worked with the Ethereum Foundation to trial solutions
• Two tokens, MOONS, and BRICKS are being tested on the r/cryptocurrency and r/FortniteBR subreddits, with MOONS, in particular, seeing heavy usage among Redditors, already being traded on the market
• The Reddit crypto team also has more developments lined up, which will be announced in the months to come

Is Reddit Using Ethereum Blockchain for a New Points System?

By Abhimanyu Krishnan (via PublishOx)

On April 8, a Reddit user, MagoCrypto, has unearthed what appears to be a new crypto-related feature on the platform’s Android app. The Redditor posted a video that showed a “wallet” function with an Ethereum address linked to it, as suggested by the address. 

Those that do have this feature will notice a ‘wallet’ tab. This wallet section includes a recovery phrase, introduction and FAQ section. The latter itself includes several interesting resources on the subject, including tipping, memberships and an ‘On the blockchain’ section.

Redditors, who are no strangers to cryptocurrencies (in fact, it is already possible to tip them with BAT, a feature that the Brave team implemented last year), seem quite happy with the development, though some have stated that this may be a marketing gimmick that in reality requires no blockchain. Others have countered by saying there is a lot of possibility with the implementation of smart contracts – including being able to swap points for ERC-20 tokens, which could introduce a giant swathe of Redditors to cryptocurrencies.

This seems to be something that’s very much in development, so users will have to wait for the official confirmation to get all the details. While it’s too early to form a conclusion either way, if Reddit were to implement such a feature, it could lead to a sizable win for adoption, as the “front page of the internet” has many hundred millions of active users.

Upland Update (March 2021)

By LouP77 (via PublishOx)

So here we are in mid-March 2021. Hopefully nearing the end of the pandemic.

Many thanks to the organizers of the Upland writing contest. I enjoyed reading what others had to say about the game and being able to share my own viewpoint. It’s entertaining to play.

They’ve tightened the rules a bit in Upland where new players at Uplander status can buy at most two properties classified as FSA (Fair Start Act) per week.

I believe there are similar rules for FSA sales as well, though I have several pre-rule change FSA properties that seem to have been grandfathered in as far as the per-week limit goes.

This ultimately is a good thing as otherwise Uplanders would remain highly motivated to target only FSA territory. In turn, that means a slower market for flipped property, particularly combined with new locations (and thus plenty of new FSA lots) being opened up as demand for the game has grown.

The adjustment has led me to target San Francisco territory for the relatively few FSA properties that cycle onto the market there in Upland. The website upx.world remains an invaluable resource for anyone playing, in part because of its ability to quickly show you FSA territory in a given city/area.

I’m nearing the cap for Uplander status (86,000+ out of the max 100,000), and soon FSA territory will be outside of my reach altogether.

But until then, I’ll be keeping a sharp eye on the Upland FSA market for my two-per-week limit. Looking to buy/hold in San Fran, as I see strong long-term value there if you can purchase at mint price.


I’d suggest you do the same — if you can. Have fun!

https://r.upland.me/SeNP

DIY Collecting of Upland Property in Manhattan Owned by the Famous

By Disophy (via PublishOx)

As we head into the a week of scheduled collection releases in Manhattan this week perhaps you’re doing a little scouting of properties to add to your real estate portfolio. One can certainly approach these by the official collections which provide boosted earnings for the properties included in your collection but another approach to a city such as Manhattan might be to look at the residents of the famous be they famous fictional characters from the movies, television, or novels or famous living folks, Manhattan is full of them. As Trent Davis noted in is own search for hidden gems in San Francisco there’s a market for folks interested in Janis Joplin’s home, Joe Dimaggio’s childhood home, and the home from Full House. Manhattan is full of such properties. So rather you’re a fan of Seinfield, Sex and the City, or Sinclair Lewis read on for a tour of properties in Manhattan of the famous be they fictional or real celebrities. I’ll share some properties I bought in the West Village, some owned or for sale by other players, as well as some that as of this writing are freely available on the market. In addition this post is full of links for sites to get started on building your own portfolio of Upland property of the famous.

Standard disclaimer: none of this is investment advice. Do your own research. I make no claim that the information provided which relies on third party websites, is 100% accurate. The links provided should be considered a starting point. Will star value translate into UPX? Only time will tell in Upland. And also a warning: unless you’re just completely immune to the culture and history of Manhattan combing through these properties and researching these links will likely result in you finding some property that you find cool to own just because of the association.  

SEINFIELD

According to ScoutingNY.com Jerry Seinfeld’s fictional apartment was located at 129 West 81st street. Currently this address is owned by the player Dallas but perhaps Dallas will entertain the right offer.     

Er, OK, not exactly. Exteriors of the Seinfeld apartment were actually filmed at 757 S. New Hampshire Avenue in Los Angeles. So why use the 129 West 81st Street address? This was the actual building where Jerry Seinfeld and Larry David lived in Manhattan during their early stand-up days.

  We’re talking a fictional place so I think 129 West 81st street gives the owner bragging rights in Upland. Seinfield fans take note though because as of this writing George Costanza’s apartment at 321 West 90th Street can be yours for 57,510 UPX.  

SEX AND THE CITY

  As ScoutingNY.com notes, arguably the most famous TV townhouse in New York is Carrie Bradshaw’s apartment from Sex and the City, located at 64 Perry Street. So here we come to an example of how to potentially profit from some DIY collection building through your own research because

clearly…  

…MJC3337 knows the value of this 20 UP2 West Village townhome. For me the thing was that I knew that Sarah Jessica Parker and her husband Matthew Broderick live in the West Village IRL so with a bit of Googling I found that just last month they sold their townhome of 20 plus years at 57 Charles St and for much less than 3,000,000 UPX I picked that townhouse up from the market.

Which I thought made a good neighbor for Nobel Prize winning author Sinclair Lewis who lived at 69 Charles Street which is also the current address for the West View News, a good source of West Village News today.  

The West Village is full of history and famous people. One can find whole articles devoted to specific streets or sometimes single blocks such as this one on Charles Street.  Celebrities at the 167 Perry Street condo building are said to include Jim Carrey, Nicole Kidman, and Calvin Klein. As perhaps Metabeast knows.  

If you’re a fan of fashion designer Marc Jacobs, actress Hilary Swank or Kings of Leon then perhaps you would be interested in the Superior Ink Condos address of 400 West 12th Street which is on the market for a mere 422,120 UPX.  

Another celebrity magnet condo building is located at 150 Charles street home of rocker Jon Bon Jovi and this can be yours if you’ve got 611,220 UPX ready to jump on before a competing Director or Executive does. Properties like this tend to have a rotating number of celebrities in them so when the time comes to sell perhaps you’ll have just the name to drop as you promote it on Discord.    

LADY GAGA

Condo buildings take up a lot of UP2 and you pay for it but sometimes with a little digging you can find an undiscovered townhome gem such as…  

Lady Gaga has reportedly been renting a five-bedroom, 5.5-bathroom townhome at 53 Downing Street while she finishes recording her new album, according to the New York Post. The 8,260-square-foot pad recently received a complete gut renovation, and has been on the sales market for $23 million since at least January. -The Observer, July 20, 2018

  SCORE!!!    

Here’s a list of 24 celebrities who live in NYC. 

Leonardo DiCaprio bought a place in these health-centric condos at 66 East 11th Street which can be yours for only 47,250 UPX. 

Maybe this NYC Celebrity map by rentenna.com will help you in your search for that famous property. 

Researching this map and as a fan of the movie Lost in Translation I ended up with Sofia Coppola’s place in the West Village. 

FAMOUS WRITERS

Maybe literature is more your thing, if so, the New York Public Library, as a list of the Best New York City Novels by Neighborhood that might serve as a starting point for research.    Jane Street in the West Village of Manhattan, between Greenwich Avenue and Eighth Avenue (or Hudson Street), is sometimes called “Author’s Row” because of the many famous writers who have lived there.    Here are the Top neighborhoods for bookworms in NYC.    Take a look at Jack Kerouac’s NYC. Although the place where he wrote On the Road at 454 W 20th Street is taken as is the place where William Burrough’s lived at 360 W.108th St  

But Philosopher Hannah Arendt’s place is available at 370 Riverside Drive.   

FAMOUS MUSICIANS

Here’s Lou Reed’s New York. 

And Lou Reed’s home office. 

And 17 legendary musicians who call Greenwich Village home.   John Lennon and Yoko Ono once resided at 105 Bank St.   

A list of iconic New York City music venues.   

FAMOUS ARTISTS

Digging around I found Jackson Pollock’s apartment and snagged that. Which interestingly is in a building where Aaron Burr, as in the guy who killed Alexander Hamilton in a duel, lived. 

Okay, fine Charlicrypto but what we really want to know is Where Did Andy Warhol Live in NYC? And Where Was The Factory Located?Clearly Uplanddood knows the answer to the last two places Andy Warhol lived in NYC.  

Here’s Edward Hopper’s residence.  

More artist’s addresses from New York magazine.   

The point is that there are a cornucopia of famous properties in New York City, particularly in Manhattan, and densely concentrated in neighborhoods such as my beloved West Village. So have fun exploring the above links and perhaps you’ll land a famous property of your own to brag about or to sell at a fabulous markup to a fan. Have fun building your own collection of famous properties!

I attained a citizenship status in Upland. Now what?

By MermaidChaser (via PublishOx)

Finally it happened – Upland citizenship achieved. I collected everyday UPX bonuses, completed 3 collections after having bought some FSA-labeled properties (there are not many of them left, if at all) in Fresno and boosted my monthly revenue on most of them and even had a lucky chance to “roll” a Pinata. Now my in-game status is secured as permanent (no need to update a visa any more) and buying and selling property also became an option. 

All of which, nevertheless, left me with some questions.

One of which being – what to do next as there seems not (too) much left to do, aside from ordinary buy-sell activity? Ah, there’s also that hunting for treasures, of course, but it is not just my thing. I think there could be much more to the game than just that.

And, secondly, if my Upland transactions are now reflected in the EOS blockchain, how do I access the above-mentioned chain (through any private keys or something)? Should I install a wallet?

And for those yet not familiar with the game, check out Upland, a virtual property trading game. If you use this link, Upland will award you with a bonus for your first purchase.

Let’s have a discussion on what is lacking in the game and, of course, stay tuned.

PS. Names hidden for some crazy on-the-spot unaccountable reason. Maybe, it’s the political situation down here

Enforcing cryptocurrency: The Nigerian perspective

By duyox (via PublishOx)

Africa remains the most emerging cryptocurrency market and has performed well over the last decade.

However, there have been forces that are mitigating against the growth of cryptocurrency in the black continent. 

For example, Nigeria, despite being the second-largest BTC market in the world, had a recent embargo placed on its crypto market. Prohibiting the trading of BTC and other cryptos via bank transactions. Hence, treading the same path as countries like China.

The Central Bank’s reasons for the ban in Nigeria were money laundering and depletion of foreign exchange reserves. The first reason was touted to aid banditry and terrorism.

The restrictive action of the policy has not completely deleted crypto exchanges in Nigeria since buyers and sellers have resolved to trade via the P2P system offered by some exchanges in Africa. This momentary difficulty has increased the resolve of the Nigerian market to trade crypto. 

Nigeria’s cryptocurrency future

The prominent unemployment and poverty level in Nigeria has made most people in this country to look beyond their immediate surroundings and massively delve into cryptocurrency. Humongous ROI on cryptocurrency investments has already made thousands of Nigerians millionaires in a shorter period of time than five governments put together. The sweetness can only allow more Nigerians to become more elusive to the restrictive policy and venture more into the P2P system of trade.

How to trade P2P in Nigeria

Platforms like Binance offer a secure process in P2P crypto exchanges. All you need is to register there and get your documents ready for verification. 

You can buy small quantities of coins and also sell at your preferred rates if you are a seller. 

Go check out the site and register: https://accounts.binance.cc/en/register?ref=46861198

It seems in the meantime, no policy can stop us from being part of the journey. 

To the MOON!

Get ready for the merging of BETFURY Casino

By Makingdigital (via PublishOx)

I have already spoken on previous occasions about Betfury, one of the best cryptocurrency online casinos to make money. An application that works within the Tron blockchain and that last month they introduced the BNB coin both in the Faucet and in the boxes.

Betfury represents what every self-respecting casino should have. Security, trust, continuous improvements, support, faucet, possibility of obtaining passive income, staking service and tokenized bets. This invites us to continue playing every day.

Yesterday the Merging was definitively concluded. Betfury has unified its BFG (BTC) and BFT (TRX) tokens into one. Now we only have the BFG token and all supported cryptocurrencies will be used to mine these tokens when we bet.

In the next two weeks we will have 15% more mining bonuses, each bet, regardless of the asset you are betting, will give you 15% more fractions of the BFG token.

The tokens are the epicenter of the page, since having them in possession will bring us dividends daily without the need to do anything else. Every 24 hours we can go to the Staking section and claim our winnings. The more tokens you have, the more dividends you will generate.

The rewards obtained through staking diminish with the passage of time since part of the tokens that are distributed undergo a burning process so that the ecosystem remains healthy and users with large capitals do not remain leveraged for a long time receiving large amounts of dividends . Thus, Betfury ensures that players continue to bet to maintain their dividends.

Let’s not forget that in the last few weeks, they have been offering several boxes of BNB with more than a 30% return. A real pass.

As I say, one of the best online casinos, without a doubt. By the way, 48 hours ago, I requested a withdrawal of 1650 BTT and they arrived in a matter of minutes. Pay, promise and surprise.

Hopefully Betfury will stay with us for a long time.

BetFury! Free BNB And More…

By benjamo89 (via PublishOx)

Betfury is a crypto currency gambling website.

You can claim from the Both of the faucets every 20 minutes that is 1.25 Satoshi and 0.000022 BNB. (BNB faucet is paying double for the next 40 hours of writing this post so be fast if you want to get the extra rewards.

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Is BetFury Burying Tron?

By PopPopPrego (via PublishOx)

The internet gambling/cryptofaucet/cryptostaking/raccoon-enthusiast site BetFury announced this week that they are proposing fusing their two house tokens into a single token, BFG. At the time I joined the site, BetFury had two tokens, one pegged to Bitcoin, BFG(BTC) and the other pegged to Tron BFG (TRX). You “mine” these tokens by betting with their underlying crypto. For example, when you bet Bitcoin satoshi, win or lose, you mine a little bit of the BFG(BTC) token.

Because BetFury has a Bitcoin faucet, it was time-consuming but very possible to keep growing your Bitcoin stake while also gambling just enough to mine 10 BFG(BTC), which means you can make daily staking claims on their set of crypto, which currently is BTC, ETH, BNB, BTT, USDT, TRX. They also have SUN, but the Bitcoin stake doesn’t pay out to that coin. I didn’t have any Tron (TRX) to deposit, and I am more interested in free-for-free-sake plays anyway, so mining BFG(TRX) was essentially impossible.

So, I was quite interested to read through BetFury’s proposal to merge the tokens. They laid out their rationale, which mostly sounded like an effort to solidify their BFG token, asked for my vote, and more or less said “sorry Tron fans.” The voting is HEAVILY in favor of the fusion, which itself heavily favors the value of the BTC token over the TRX token. For me, this is good news because it means that my little pile of BFG will now pay out in all the tokens they offer (again except for SUN).

But does this backing away from Tron on a site that seemed enthusiastic about the coin portend weakness and escalating votes of non-confidence in TRX? I have not read a single bit of encouraging news about Tron lately and a lot of the writers I follow seem to view it as a scam. It seems to me that the BFG fusion is likely a preview of BetFury eliminating their TRX-backed tokens altogether. As I mentioned above, they already have cut off all paths to earning SUN on the site, and relative to BTC, ETH, and BNB, the other Tron tokens are pretty worthless.

In my curiosity, I wanted to know if there were any other indications of weakening in support for Tron. This is actually my first shared splashing about in the financial data for a cryptocurrency, so I hope I don’t make a mess of it!

Tron makes its case, in a sense, as a smart contracts for gaming and entertainment. I honestly don’t know if there are other coins that are as important to betting and gambling, but there are a lot of emerging competitors for entertainment and regular gaming, including the WAX ecosystem and it’s bigger enabler EOS, what Theta and Hive seem to be trying to do, and additional niche players like Library. Please note that I did not do much of a search for competitors to Tron in these spaces. Cointelegraph names its competitors as a blend of what to my mind are huge smart contract and finance rivals like Ethereum, Cardano, and Tezos, as well as EOS.

I just think that it is a little odd that this coin that seemed designed to have partnerships with companies like BetFury is losing that partnership at the same time that BetFury has amped up its relationship with ETH and BNB. Might be a one-off. How about Tron’s currency performance?

Tron’s token, TRX, has a market cap of $3.5 Billion, and a 24 hour trading volume of $1.48 Billion, according to Coinmarketcap.com for 5 March, 2021. Tradingview.com lists TRX as its 19th largest coin by market cap and 15th largest by trading volume. How does that compare historically for TRX? 

This chart comes from Coinmarketcap.com and shows more than 2 years of market cap data on TRX. The blue line represents market cap in US Dollars, the yellow line, which is very cool for those considering altcoin investments, is market cap in Bitcoin. You can see that the market cap of TRX was pretty steady through the last couple of rough years and has climbed a bit in USD terms in this 2021 bull run. However, it is actually a smaller market player in Bitcoin terms than in nearly any time since its launch. 

Is that a bad thing? I don’t really know, tbh. I am out of my element here, but given the flood of innovative players in the gambling, gaming, entertainment, and smart contract spaces, AND given the occasionally spotty track record of Tron leadership (Hi! Helpful tip…don’t plagiarize your whitepaper!), and the fact that BetFury seems to be giving TRX the “it’s not you, it’s me” talk, I am not bullish. 

But, but, is it really a big deal that BetFury is fusing TRX into oblivion? Well, according to dapp.com, BetFury holds a balance of 3,000,000 TRX. This is out of the total estimated pool of 71,659,657,369 TRX in circulation. Yeah, just change that middle 9 to a 6 and you have the total impact that BetFury could exert. Not very much at all.

With that being said, I will be keeping my eyes open for news of new projects and adoptions of Tron. It has some major partners like Samsung, has the BitTorrent partnership, and is still a Top 20 currency, after all.

What do you think?

Is BetFury burying TRX altogether? They have been quite savvy at adding ETH and BNB with nearly perfect timing considering all the planning and marketing setup they need to do for a successful launch. Are they equally savvy at calling the end to Tron?

~~~~~

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By FreedomBuilder (via Publish Ox)

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BAT joins the Binance Smart Chain (BSC)

By zev (via Publish Ox)

Brave has just announced integration with Binance Smart Chain (BSC) in form of wrapped BAT. This is huge news!

Integration with BSC blockchain will give BAT holders:

1. opportunity to participate in it’s projects (PancakeSwap, Beefy Finance, and so on)
2. browser wallet with preconfigured support for BSC
3. low transactions fees and scalability

It’s a huge step in Brave’s mission to make DeFi user-friendly for the mass market. As of today, the third point is probably the most interesting given the current problems with ridiculous fees in the Ethereum blockchain.

Just to be clear: BAT doesn’t migrate from Ethereum blockchain to BSC. It’s just that BAT expands beyond Ethereum ecosystem and explores new terrains.

In case you don’t already know what “wrapped token” means: it’s cryptocurrency token (in this case: BAT built on Ethereum’s blockchain) pegged to the value of another crypto (BSC’s wrapped BAT). Different blockchains can’t communicate between each other, but wrapped tokens can. For more details please visit the link below:

https://academy.binance.com/en/articles/what-are-wrapped-tokens

DeFI TVL Soars to $55B

By Abhimanyu Krishnan (via Publish Ox)

The total value locked into the DeFi market has skyrocketed so far this month, reaching an all-time high of $54.75 billion as of Feb. 11.

• DeFi market data tracker DeFi Llama shows that the TVL has soared to new ATHs of over $54 billion amid the rallying market
• MakerDAO is the market’s most dominant protocol, with over $6.3 billion locked in; Aave follows with $5.94 billion locked in
• The market has nearly triple in TVL since Jan. 1, when it was at $20 billion
• Further growth is likely to occur as firms like Grayscale begin to offer DeFi assets in its products
• In all likeliness, the TVL is probably higher — platforms like DeFiPulse do not always accurately reflect market activity and sometimes omits major protocols
• For example, the 1inch team states that its TVL has crossed $2 billion, making it a relevant addition to DeFiPulse, but the latter has not added 1inch to its data platform