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Solana On the Verge of Major Price Movement

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20 Cryptocurrency Acronyms and Terminologies You Must Know in 2022

20-Cryptocurrency-Acronyms-and-Terminologies-You-Must-Know-in-2022!

One of the biggest buzzwords in the technology space at the moment has to be Cryptocurrency. So big, the entire cryptocurrency space is currently worth $1.89 Trillion as of the time of writing the article. If the cryptocurrency market was a stock market operated by a country, it would be the 18th largest stock exchange by market cap in the world. But very few know how cryptocurrency works or what it’s used for. According to a recent survey done by Cardify, only 16.9% of investors who have bought crypto “fully understand” the value and potential of cryptocurrency, while 33.5% of buyers have either zero knowledge about the space or would call their level of understanding “emerging.”  Even fewer know about the larger ecosystem that exists beyond the cryptocurrency space which includes Blockchain, Decentralised Finance, Web3, Smart Contract and so much more. In this article, we will break down all the terminologies and jargon around the cryptocurrency space into much simpler and more digestible bits using related anecdotes. Let’s go!   Crypto and Blockchain Predictions for 2022 1. Satoshi Nakamoto What better way to start than with the man who is presumed to be the brains behind the creation of Bitcoin, the first cryptocurrency. Many folks in the crypto space believe he’s a pseudonym that represents the original creator(s) of Bitcoin.  Whatever and wherever he is, dead or alive, the name has made history as being the pioneer of the most disruptive technology innovation at the moment. Given the price of BTC today, Satoshi would be a billionaire. In addition, the poor (rich) lad also exists as a token called Satoshi and currently trades on the Coinmarketcap with the price set at $0.000412.  2. Blockchain Blockchain is a combination of computer networks that transparently stores all the information about a crypto transaction. Visualize several series of blocks that contain the information in a space connected by endless chains.  Blockchain is the technology that powers all cryptocurrency transactions, for without it there won’t be any cryptocurrencies in existence. Its mission is to ‘wrestle power’ from centralized and opaque organizations like banks, government, lawyers, Insurance companies, etc and put it in the safe and transparent hands of ordinary folks like you and me, hence decentralizing the whole process of money exchange (a classic tale of Robinhood). 3. Bitcoin As you probably have noticed, decentralization is ironically the central theme for cryptocurrency, and no other token, coin, or terminology represents this theme like Bitcoin.  Bitcoin is a virtual or digital token that can only be used on the internet. Unlike the physical currencies e.g the US dollar and UK Pound Sterling which are controlled by the government, Bitcoin is controlled by anyone. And like the traditional currencies which are stored in physical wallets, Bitcoin can also be stored in wallets called digital wallets (We will talk more about this). Bitcoin is the first and most valuable cryptocurrency with the price currently at $38,230.  4. Ethereum Ethereum is the second most popular and valuable cryptocurrency but it has a more unique usage than Bitcoin.  The former serves as a medium of exchange and technology within the blockchain where other decentralized applications like Defi, Smart Contracts, NFT can be built on while the latter is only used as a medium of exchange.  Think of Ethereum as the Gold of cryptocurrency and Bitcoin as the dollar.  Ethereum can also be referred to as an alternative coin to Bitcoin. 5. Blockchain wallet The blockchain wallet acts the same way as your physical wallet which is used to store cash and cards except it is used online to store digital currencies like Bitcoin.  It is very secure and can only be accessed by a key unique only to the wallet online (unlike the physical wallet that can be ‘accessed’ by boys under the bridge). 6. Address An Address is a string of characters in a wallet that can send and receive cryptocurrency. It is synonymous with a real-life address or an email. Just like a physical address where no two houses can share the same numbers, each address on the blockchain is unique and marks the location of a wallet. 7. Altcoins Short form for alternative coins, Altcoins refer to any type of cryptocurrencies other than Bitcoin. Altcoins were created to serve a much better purpose to cryptocurrency users than Bitcoin.  Ethereum was the first-ever altcoin created. Other examples of altcoin include Solana, Bitcoin Cash (which is the 3rd most valuable cryptocurrency), XRP, Cardano, etc. 8. Shitcoins Shitcoins are altcoins that are fraudulently created and serve no intrinsic value to users. They are truly shitty by every definition of the word. Examples of shitcoins include Dogecoin, Shiba Inu, Safe Moon, Magic Internet Money, etc. 9. Cryptocurrency Exchanges Crypto Exchanges are platforms where digital currency owners can buy or sell cryptocurrency … Continued

The post 20 Cryptocurrency Acronyms and Terminologies You Must Know in 2022 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Social Media Giant Meta Files Multiple Trademark Requests for Crypto and Web 3.0 Technology

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Social media giant Meta is registering eight new trademark applications related to crypto and decentralized finance (DeFi) technology. According to recent filings made to the United States Patent and Trademark Office (USPTO), the company formerly known as Facebook has requested to trademark several blockchain services and other related crypto technologies in a push toward launching […]

The post Social Media Giant Meta Files Multiple Trademark Requests for Crypto and Web 3.0 Technology appeared first on The Daily Hodl.

Meta board could oust Marc Andreessen over web3 investments, sources

Tech mogul Marc Andreessen is Meta's longest-serving board member. But his penchant for web3 competitors is becoming a problem.

The post Meta board could oust Marc Andreessen over web3 investments, sources appeared first on Protos.

Australian Bank Drops Anti-Crypto Stance and Embraces Stablecoins

Australia and New Zealand Banking Group Minted an Aussie dollar-denominated token.

Honduras’ central bank clarifies that bitcoin is not regulated

Honduras' central bank has issued a statement today clarifying that bitcoin is not regulated as a currency there, following rumors that the Central American country would imminently announce moves to make cryptocurrency legal tender.

The post Honduras’ central bank clarifies that bitcoin is not regulated appeared first on The Block.

Billionaire Bitcoin Whales Could Signal the Next Bottom for BTC, Says Crypto Analyst Benjamin Cowen

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A popular crypto analyst is looking at what the wealthiest Bitcoin (BTC) holders are doing to gauge the leading crypto asset’s next swing upward. In a new strategy session, Benjamin Cowen tells his 721,000 subscribers that he keeps track of the largest BTC wallets because they have been known to call market bottoms in the […]

The post Billionaire Bitcoin Whales Could Signal the Next Bottom for BTC, Says Crypto Analyst Benjamin Cowen appeared first on The Daily Hodl.

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Billionaire Chamath Palihapitiya Unveils Market Forecast, Says Stocks and Crypto Assets Are in Midst of a ‘Melt-Up’

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Billionaire venture capitalist Chamath Palihapitiya is detailing his outlook for global markets in the near term. In a new edition of the All-In Podcast, Palihapitiya says he believes that investors have already factored in most of the worst-case outcomes of Russia’s invasion of Ukraine. “I think that we’re in the midst of what I would […]

The post Billionaire Chamath Palihapitiya Unveils Market Forecast, Says Stocks and Crypto Assets Are in Midst of a ‘Melt-Up’ appeared first on The Daily Hodl.

Billionaire Mike Novogratz Rules Out Bitcoin Being Used As Currency, Reveals What Will Accelerate BTC Adoption

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Galaxy Digital CEO Mike Novogratz is unveiling what he believes will spur the global adoption of Bitcoin (BTC). Novogratz says in a CNBC interview that Bitcoin is unsuited to be a currency unlike other crypto assets such as Ethereum (ETH), which he notes is already serving as a medium of exchange. “I don’t think it […]

The post Billionaire Mike Novogratz Rules Out Bitcoin Being Used As Currency, Reveals What Will Accelerate BTC Adoption appeared first on The Daily Hodl.

Virtual Music Group to be led by Apes NFT

Universal Music Group (UMG.AS) is leveraging the popularity of non-fungible tokens (NFT) by appointing one of the digital collectibles’ most popular cartoon apes to manage an entirely virtual music group. On Friday, Universal’s 10:22 PM label announced that it paid $360,817 for Bored Ape #5537, a female character now known as Manager Not All, to...

The post Virtual Music Group to be led by Apes NFT appeared first on Cryptoverze.

Barbra Streisand And Bitcoin: How Political Missteps, Censorship And War Are An Opportunity For The U.S.

Many governments are purposefully or accidentally introducing their citizens to Bitcoin and sovereign theory through their decisions.

Crypto Could be an Alternative to Gold, Says DBS Bank CEO

Cryptocurrencies could become an alternative to gold but it is unlikely they will turn into "money as we know it," Piyush Gupta claimed.

Robert Kiyosaki Predicts End of US Dollar — Says War Giving Rise to Crypto as Safer Haven Than Fiat Money

Robert Kiyosaki Predicts End of US Dollar — Says War Giving Rise to Crypto as Safer Haven Than Fiat MoneyThe famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted the end of the U.S. dollar. Furthermore, he said that the Russian-Ukraine war has given rise to crypto as “a safer haven asset than government fake fiat money.” Robert Kiyosaki on War and Bitcoin The author of Rich Dad Poor […]
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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