Monero/Ethereum Trading forecasts and signals

Bitcoin jumped on Thursday by three thousand dollars in a few hours, above $41,000 - on the news that Coinbase will allow you to directly buy cryptocurrency through Apple Pay.Ethereum exceeded two-month highs by $2,800 after the news of the successful London hard fork.The American crypto exchange Coinbase on Thursday announced the expansion of the payment capabilities of its users. From now on, Coinbase customers can top up their accounts directly through Apple Pay.Previously, this option was available only to owners of their own Coinbase card when adding it to the Apple wallet.Read more: The history of the Coinbase exchange "If you already have a Visa or Mastercard debit card linked to Apple Wallet, Apple Pay will automatically appear as a payment method when buying cryptocurrency through Coinbase on an Apple Pay-enabled iOS device or in the Safari web browser," Coinbase said.In addition, Google Pay users will have the same opportunity in the fall.The planned update of London on the Ethereum network took place on Thursday, August 5 at 15:33 GMT on the block 12,965,000. After its activation, the network burns an average of 4.2 ETH (more than $10,500) every minute.Ethereum will become a "next-generation economy" and will be much more than a "narrow monetary system," said Joseph Lubin, head of ConsenSys and co-founder of the second largest cryptocurrency by capitalization.According to him, the Ethereum ecosystem, which he compared to the Internet, already surpasses bitcoin in many ways. Lubin noted that the London hard fork is an important milestone in the transition to ETH 2.0. He confirmed the words of Vitalik Buterin that the second version of the network will be 1000 times more environmentally friendly than the current ...

Bitcoin fell sharply on Thursday after a new statement by the Central Bank of China.The first cryptocurrency fell by almost $2,500, approaching the lows for a week and a half around $32,000.Bitcoin and stablecoins have turned into speculative instruments that threaten the security of the financial system and social stability, vice Chairman of the People's Bank of China (PBOC) Fan Yifei said on Thursday.According to him, it was the threats coming from the first cryptocurrency and stablockins that caused the introduction of restrictive measures. Yifei promised that in the near future Beijing will introduce new measures against the cryptosphere.Answering questions from journalists, Fan Yifei pointed out that private digital currencies and central bank digital currencies (CBDC) should be separated. China will continue to actively promote the digital yuan and will use it during the 2022 Winter Olympics, which will begin in February.Calls for the introduction of strict restrictions on mining and crypto trading were made by the Chinese authorities in mid-May. In June, four provinces of China completely banned the mining of cryptocurrencies, and banks and other financial organizations of the People's Republic of China were banned from conducting operations related to digital assets.As a result, more than 70% of miners were forced to turn off their equipment to move to other countries. The hashrate of the first cryptocurrency has decreased by more than 50% in a month.Against this background, bitcoin has fallen by 20% in two months. Experts agree that if the Chinese authorities continue to put pressure on the market, then a further decline in bitcoin is ...

Intertrust conducted a survey of 100 large hedge funds. Its results showed that almost all funds plan to significantly increase their investments in cryptocurrencies within 5 years. Their share in the investment portfolios of hedge funds can reach an average of 7.2%. This means that the total amount of investments in cryptocurrencies can reach $312 billion. At the same time, every sixth respondent said that the share of cryptocurrencies in the portfolio of his fund will exceed 10%. A representative of Intertrust said that, as it turned out, the funds that took part in the survey are well aware of both the risks associated with the cryptocurrency market and its great opportunities in the long term. The greatest interest in cryptocurrencies is shown by hedge funds from the United States. At the same time, European funds were more cautious about the prospects for this investment direction. Experts believe that the plans of hedge funds to invest in Bitcoin will not allow the exchange rate of this cryptocurrency to fall below the level of ...

The US Federal Reserve is once again drawing attention to the risk that cryptocurrencies pose to financial stability. This was stated by its chairman Jerome Powell, pointing to the need to strengthen the regulation of cryptocurrencies. As reported by Reuters, this opinion was joined by the US Treasury Department, pointing out that the concern is the lack of regulation of the digital currency sector, and this can be used by rich people to avoid paying taxes. The Ministry considers it necessary to ensure that the authorities receive information about large transfers of crypto assets. The Reuters report notes that following the information from the Chinese authorities about the introduction of new restrictions in the cryptocurrency sector, a sharp drop in bitcoin followed. The first cryptocurrency lost 30% of its value on May 19. Speaking about the achievements in the field of financial technologies and their potential benefits, Powell also drew attention to the potential risks that cryptocurrencies, stablecoins and other innovations can carry for users and the financial ...

Dogecoin (DOGE) jumped 20% on Thursday after another tweet by Elon Musk mentioning the cryptocurrency.The seventh cryptocurrency showed the second best dynamics after Cardano in the top ten of the CoinGecko rating.The cryptocurrency market on Wednesday was recovering from a sharp decline the day before. Bitcoin rose 4%, rising above $42,000 on the day. However, the level that was previously support did not allow the rise to continue.Dogecoin rose 15% to $0.40, but jumped above $0.43 on the day.The Tesla founder posted a post on Twitter with a photo of a Dollar bill, which depicts the Dogecoin logo, and the inscription "Cyber Viking"."How much does this Doge cost in the showcase?" asked Musk. After that, he wrote that he "did not sell and will not sell DOGE".In response, some users expressed their dissatisfaction, while others said that they "lost everything" because of the businessman.On May 17, users released the Fuck Elon Tweet token (FUCKELON) to demonstrate disdain for Elon Musk's tweets that affect the cryptocurrency market.Ethereum founder Vitalik Buterin, meanwhile, said that Musk's influence on the crypto market will weaken over time."Elon Musk's tweets are something that the cryptocurrency space first encountered literally last year and this year. I think some recklessness is quite natural, but the market will adjust. Musk won't have that kind of influence forever," he told ...

Decentralized applications (DApps) - more resistant to attacks and transparent applications that have become possible thanks to the blockchain. Thanks to such decentralized applications, Bitcoin and Ethereum actually appeared. Now dApps help to solve the most complex tasks within cryptocurrency projects, and without them it is already impossible to imagine an ecosystem of digital currencies. We will tell you what DApps are for and give examples of decentralized applications.ContentHow DApps workCommon features of decentralized applicationsClassification of DAppsAreas of application of DAppsAdvantages of DAppsPromising projects using DAppsHow to create DAppHow DApps workIn order to understand what DApp is, you need to refer to the definition of blockchain. This is a register of records that are stored in "blocks" that are linked by cryptographic verification. All actions are performed as a result of consensus.The register is not stored in a centralized location, it is not managed by a single organization. The block validation system leads to the irreversible addition of new transactions, and old records are saved forever and for everyone.The second important factor for understanding DApp is the difference between decentralization and distribution. A distributed system is a network consisting of autonomous computers. The components interact with each other to achieve a common goal. Decentralized computing is the allocation of resources for each individual workstation. This means that neither node informs the other what to do and how to do it. Therefore, decentralized applications — DApps are applications that run on a network of P2P computers.Read more: P2P: where peer-to-peer networks are usedCommon features of decentralized applicationsProduct decentralizationTokens are generated inside the productMaking a profit inside the systemThere are several common features of DApps. First, it is the decentralization of the product, when records are stored in an open, publicly available block chain-usually it is open source. This is followed by the cryptographic component: tokens are generated inside the product. Third, it is important to note the profit within the system, when tokens are awarded to miners or validators, as well as other community members.In addition, the application must generate tokens in accordance with a standard cryptographic algorithm that acts as proof that the nodes contribute to the application (for example, PoW or PoS).If we take the most universal definition, the first DApp is actually bitcoin itself. This is an implemented solution on the blockchain, a self-supporting public ledger that allows you to conduct effective transactions without intermediaries and centralized authorities.In turn, the most popular DApp - Ethereum, written in its own language, allows developers to create smart contracts on the Etinerum Virtual Machine (EVM). Now almost 1000 applications built on Ethereum are registered.The Ethereum platform allows everyone to write smart contracts and decentralized applications (DApps), where you can choose your own rules for the ownership of funds, the format of transactions and other functions, so applications can serve different spheres of life: from finance to healthcare. They allow you to build an interaction between two or more participants.Classification of DApps Depending on how decentralized applications (DApps) interact with the blockchain, they can be divided into three types.The main types of DApp applications:On its own blockchainBased on an existing blockchainThey have a mechanism for issuing tokensThe first type includes applications that run on their own blockchain, for example, the Ethereum platform.The second type includes applications that are developed and work on the basis of an existing blockchain. The most popular blockchain platforms for DApp of this type are Ethereum, Tron, EOS. An example of the second type of DApp is the MakerDAO protocol, which allows converting ETH cryptocurrency into DAI stablecoins. At the same time, MakerDAO is based on the Ethereum blockchain.The third type is applications that have a mechanism for issuing tokens. For example, the Augur application, which in April 2020 switched from using the Ethereum blockchain to using the MakerDAO protocol in order to reduce volatility.Let's say that your computer has an operating system — Windows, macOS or Linux. This is an analog of the first type of DApp . To access the Internet, you use a browser that is designed for a specific operating system — for example, Safari for macOS or Microsoft Edge for Windows. This is an analog of the second type of DApp . Your browser has extensions — for example, the Translate Safari translator, which is designed for a specific Safari browser. This is an analog of the third type of DApp .Read more: What are Stablecoins and how do they differ from other cryptocurrenciesAreas of application of DApps Many DApps are associated only with cryptocurrencies, but their scope of application is much wider. One of the most popular sites is the Auctionity auction. Thanks to smart contracts, online auctions become as transparent as possible, since the system automatically records the time and size of bids, excluding manipulation.In the field of online games, DApps offer users applications with built-in marketplaces, where players can already buy and sell their items using NFT technology.One of the first decentralized games was CryptoKitties, developed on the Ethereum blockchain. It caused such a stir that the number of transactions on the network reached a record, overloading the blockchain.Where DApps are used:Online auctionsOnline gamesDeFi appsDecentralized Financial Applications (DeFi) are another popular type of DApp . They simultaneously provide transparency and confidentiality of data. The distinctive features of DeFi include their accessibility: everyone who has an Internet connection can use the financial system. The most popular decentralized application from the world of DeFi is the Uniswap cryptocurrency exchange.Decentralized applications (DApps) began to appear in 2017, and the main period of growth occurred in 2019. The largest number of DApps is created on the basis of smart contracts in the Ethereum ecosystem.During the formation of the DApps' market, the question arose about the need to track, evaluate and simply search for various decentralized applications created in different blockchains.Read more: What is NFT and why are they worth millions?Advantages of DApps Stability of operationTransparencyLack of censorshipThe main advantage is the stability of the work. On the servers, regular applications may experience temporary problems or technical work. For example, you go to Instagram and see only the interface, and the images are temporarily not loaded. DApps servers are located on the devices of the users themselves, so they will work until the moment when there is at least one user on the network.The next plus of such applications, according to experts — is transparency. At any time, any user can view the open source code of the application.There are no functions hidden for the user in DApps. For example, a decentralized application cannot collect users' personal data in secret from the community. If it collects personal data, then the part of the code responsible for this will be publicly available.Another argument in favor of such applications is the lack of censorship by the state or the developer. Corporations cannot buy out a decentralized application and then change the terms of use, functionality, or close it altogether. Any changes must be confirmed by the community.If you use DApp, it will only change according to the preferences of the majority of users.Promising projects using dAppsThe VeChain project is focused on the introduction of blockchain technology into the work of corporate structures, as well as on the development of the Internet of Things (IoT). In turn, the NEO blockchain is positioned as an open network for the "smart economy". In total, 13 DApps are launched on it, of which the most popular are the gaming NEOLand and Switcheo. In September, there was a surge in activity — more than 2000 active digital wallets, but the average for the year was 250.The Waves blockchain has only recently been used to launch DApps, the number of which is 21 applications. These are mainly gaming DApps, of which the most notable are Dice Roller, Coin Flip and Ride on Waves. The maximum of active digital wallets was observed in October — more than 500 per day, and at the end of the year this figure was about 200.The WAX blockchain project was launched in December 2019 with a focus on decentralized gaming applications, and 26 DApps are already working on the network. The game application Prospects and the social network KARMA are also popular.How to create DAppPublish white papersConducting an ICO or IPOProduct developmentFirst, publish an official document on DApp with a "roadmap". As a rule, these are white papers that explain the concept, functions and technical characteristics of DApp. This step is important because it allows you to get feedback from the community.As part of the "white papers", highlight the opportunities and history of the best developers of your project in order to gain trust and reliability among the community.The second step is to conduct an ICO or IPO. ICOs are the starting point of modern startups or DApp. However, recently, the ICO is coming to naught, and an IPO is coming to replace it.It is very important to explain all aspects of your DApp here. In addition, it is worth telling interested community members whether your decentralized application will use tokens or mining. To strengthen the trust of the community, specify how much money will be spent on development, marketing and other necessary expenses.It is important to be open with the distribution of tokens, because most DApps projects have destroyed their reputation in the past due to lack of transparency. After preliminary preparation, as a rule, product development begins. At this stage of app creation, it is critical to share weekly or monthly updates on development progress in order to create an inclusive environment for community members.After the launch of the product, continue to support and change it as necessary in accordance with the roadmap, strategic vision and opinion of the community.Read more: What is an ...

The cryptocurrency market is now developing at a very fast pace, so fast that even teenagers are already in the topic of digital coins, crypto trading and free receipt of currencies through airdrop. Now digital currencies are trending, and some users earn good money on them. However, such a prevalence of this topic does not mean a high level of literacy in it. It happens that all digital coins are declared altcoins, and cryptocurrencies are called tokens. Such errors look especially awkward in the articles of the so-called "experts" and "experienced cryptocurrency traders". Let's analyze in detail the concepts of cryptocurrency and digital tokens in order to try to prevent such common mistakes. Let's consider the key characteristics of coins, the specific nuances of tokens and digital currencies.What is a cryptocurrency?Let's start with an analysis of this concept, because many began to earn on cryptocurrency, without even understanding the essence of this tool.Virtual currency is primarily understood as a unit of account with unique properties, one of which is the recording of information about the movement of digital currency on the basis of a distributed registry of a cryptographic system. In other words, all actions and information about the storage of the coin are recorded in free blocks of the blockchain or its branches-sidechains. Blocks, meanwhile, are formed by miners who earn coins on crypto farms through solo mining or conventional mining. With the help of the computing power of the devices, miners create free cells in the network database. The cells record the history of those coins that are circulated within the network space consisting of nodes (working nodes) representing users' computers.There are two main groups of cryptocurrencies – bitcoin and coins launched after bitcoin, called altcoins. Before bitcoin, there were coins that represent a separate group without a name.Altcoins are coins that are alternative to bitcoin, for example, ethereum, verge, monero, ripple and others. They are formed in the following ways:Through soft forks (the base of the slightly modified bitcoin blockchain);Through hard forks (the blockchain of bitcoin, changed greatly), which also allow you to create sidechains that give new coins additional characteristics;Through completely new blockchains, in which unique cryptocurrency parameters are created.Read more: What are AltcoinsWhat is a token?A token is another type of digital asset, completely different from a full-fledged cryptocurrency of an existing blockchain project. Only some options and involvement in virtual money combine a cryptocurrency and a token. Of course, a token is a financial instrument used by companies, project creators and users. As a rule, a token is a kind of debt obligation of the issuer to provide a service or a product. Often, inept users call a cryptocurrency a token, despite the fact that the token structure does not include a classic blockchain. The program code that forms the constructive architectonics of the token is an add-on of the blockchain block chain, borrowed from the basic virtual cryptocurrency system. In other words, the token is a cryptomonets application.At the moment, digital tokens are widely used due to the fact that there is a gradual introduction of blockchain technologies into everyday life. For example, blockchain technologies are used in logistics, healthcare, finance, and so on. Thus, tokens can be created to solve various local problems. Most often, tokens are mentioned in conjunction with a specific unfinished blockchain project, the system coin of which does not function without launching the network. The token, which acts as a superstructure of the cryptocurrency, performs some of its functions, later reuniting with the blockchain and broadcasting all the recorded information.History of Token CreationThe tokens were created in 2013, when the first ICO of cryptocurrencies was made when creating a new blockchain project.At that time, specialists created an intermediate link with specific functionality that allows bringing investors and developers of the blockchain system closer together. Thus, a token was formed with certain conditions of cooperation, which allows you to receive investors ' deposits in a simpler form. So, even an unfinished, completely new blockchain project with its own cryptocurrency can receive the necessary funding at the final stage of development. Meanwhile, investors receive internal tokens, which are later transformed into cryptocurrency. Of course, there are also not so successful results of investing in a digital currency. More than 75% of ICO cryptocurrencies with tokens are failed or fraudulent. However, this is a completely different story.To sum up, the token is only a temporary similarity of the share of the main blockchain. The development of such a mechanism was initiated by the emergence of the Ethereum platform, the capabilities of which allow you to create new tokens. Now tokens are being developed in other places as well.Read more: What is an ICO?Why do I need tokens?The scope of application of tokens is very wide and becomes even wider with the spread of blockchain technologies. A token, unlike a cryptocurrency, can:Used to pay for services or goods;Demonstrate the share of users in a joint-stock company;It can be used as an internal currency that is traded only within a closed cryptosystem;Be used as a valuable reward for specific actions, for example, in social networks, on gaming sites, etc.;Act as a tool that demonstrates certain values (for example, the amount of free GB for installation, etc.).Read more: What is a spread in trading Forex and stocks Types of tokensDepending on the specifics of the role, there are tokens:Currency ones. Such tokens perform part of the functions of a digital currency, they can be paid, rewarded or used to save capital. There are no intermediaries in this case.Stock (tokenized securities). Such tokens are a complete copy of the share in the share capital, which gives the holder certain powers.Application tokens. They are called user or service ones. Such tokens are a kind of key that allows its owner to access a certain amount of the company's services or its goods. In other words, it is a digital obligation that restricts the provision of something valid, real.Tokens are assets that are translated into the blockchain code format and are equal to a set of physical values. Thus, some types of gold reserves are converted into tokens, since it is much more convenient to exchange digital assets online without actually transferring a material instrument.Reward tokens and reputation units.At the moment, the most popular type of tokens is the one that demonstrates professionalism, activity level and rank of the participant on the platform. They allow you to purchase artifacts in games, improve heroes and their skills.Read more: Blockchain technology: how it works and where it is usedHow are tokens similar to cryptocurrency?Despite the fact that many people try to call the token a cryptocurrency and vice versa, these assets are almost completely different. There are only four similarities identified by experts:Cryptographic encoding protects the structure of both the token and the cryptocurrency;Both assets perform the functions of electronic money, and therefore they can be stored in wallets;Transactions with currencies and tokens occur quickly and with small commissions;There is an opportunity to earn on both assets.On the contrary, there are a lot of differences between a cryptocurrency and a token. It is important to note the following:The issue of tokens is not only decentralized, unlike the issue of cryptocurrencies. Tokens are also issued in a centralized way using the management of the organizer of the blockchain project. In addition, tokens are issued all at once, and the cryptocurrency is in the process of mining;The exchange rate value of tokens depends not only on market factors of supply and demand. In addition, the amount of remuneration, compliance with the real asset and the rules of issue affect;Operations with tokens are easily processed centrally;The token does not have its own blockchain or sidechain, unlike cryptocurrency. It functions on the basis of an already created platform;The basic functions of a cryptocurrency and a token differ. So, tokens are a kind of" coupon " that allows you to get services, goods or a share in the project. Cryptocurrencies also create a convenient space for the interaction of participants in transactions – a comfortable exchange of value values;The token is tied to a specific project and acts as a means of payment in a specific blockchain, the basis of which is cryptocurrency. A token cannot function without a cryptocurrency, and a cryptocurrency without a token is safe;The token can be used more widely. At the same time, the cryptocurrency is a larger-scale tool, since it is used not within the project, but throughout the digital economy.Thus, there is a strong difference between tokens and cryptocurrencies on the face. The specifics of a particular blockchain project affect the functions of the internal token: whether it will serve as a share, a reward tool, a currency, a valuable asset or perform a service function. At the same time, cryptocurrency acts as a means of payment and a carrier of financial information. Moreover, an investor can earn money on a token only in the case of investing in an ICO or resale, which can not be said about cryptocurrency. Before working with a token, it is worth carefully analyzing the blockchain system in which it "lives", its prospects as a cryptocurrency in the ...