Crypto News Ethereum

Tax on income you never earned? It’s possible after Ethereum’s Merge

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IRS rules weren’t ready for the Ethereum upgrade. It’s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to prepare for whatever the IRS decides. After much buildup and preparation, the Ethereum Merge went smoothly this month. The next test will come during tax More

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Altcoins Bitcoin

Crypto Strategist Predicts Big Bounces for Bitcoin and One Ethereum Rival – Here Are His Targets

The crypto analyst who called the end of the crypto bull market is now predicting big bounces for Bitcoin (BTC) and Ethereum (ETH) challenger Solana (SOL). Popular crypto strategist Pentoshi tells his 612,000 Twitter followers that after nearly a year, he’s no longer extremely bearish on Bitcoin. “Hard to switch bias after being a doomer […]

The post Crypto Strategist Predicts Big Bounces for Bitcoin and One Ethereum Rival – Here Are His Targets appeared first on The Daily Hodl.

Altcoins Bitcoin Ethereum

Two Crypto Assets Soar 40% or More in Just One Week, Far Outperforming Bitcoin and Ethereum

Two altcoins are up by at least 40% this week while the two leading cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), stall. XRP and fan-engagement token Chiliz (CHZ) are up by 14% and 9%, respectively, in the last 24 hours alone. XRP is up by 48% in the last seven days and CHZ is […]

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Altcoins

Crypto.com Adds Trading Support for Newly Forked EthereumPoW (ETHW) Token and Web3 Lifestyle Altcoin

Singapore-based digital assets exchange Crypto.com is rolling out support for the newly forked Ethereum (ETH) proof-of-work token and one Web3 lifestyle altcoin. The exchange’s customers can now trade EthereumPoW (ETHW), which aims to operate in the same way as pre-merge Ethereum, which existed on a proof-of-work blockchain. ETHW is trading at $6.26 at time of […]

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Bitcoin Crypto News

Ripple Gains While Bitcoin Remains Below $20,000

A recent plunge pushed Bitcoin below the $19,000 mark, but it gradually recovered. This action followed its 6% gain as of yesterday. Meanwhile, Ripple Coin (XRP) seems to be among the notable digital tokens in the bullish trend. Investors incurred huge losses due to the ongoing crypto winter. Many believed that the Ethereum Merge would halt the market’s bearish trend. On the contrary, most altcoins, including BTC, depreciate their prices. Related Reading: What Ethereum Can Bring On The Table For ETH Investors In Q4 Bitcoin Fails To Jump Above $20,000 Last week, Bitcoin made some promising moves toward the $23K price level. But, unfortunately, that was where its bullish journey ended. From then up to now, the crypto market condition has not been pretty, particularly for investors. Following the introduction of the U.S. CPI numbers, BTC lost a few more thousand, dropping to the $20K price mark. It maintained this position for a couple of weeks until it rose to about $20,500 on Sunday. That looked like a start for a bullish move until Monday when its price dropped massively, hitting the $18,300 price level. The three-month low became its lowest bearish benchmark. As of September 20, BTC gained some push to arrive at $19,500. The 24-hour growth of 1.72% reduced its weekly losses to around 10.90%. While this seems like a good price movement, the token and the crypto market remain in the red zone. Recently BTC fought to regain the $19K price. It made some bullish movements at the time. Unfortunately, BTC has lost about 2% of its value in the last 24 hours. Chances are that it will plunge even further before the close of the market. The token is now down to 39.4% regarding its dominance over other digital tokens. Meanwhile, its market cap has dropped to about $360B. Ripple XRP Growth Amid Bear Market Amid the bleeding market, XRP (Ripple) seems to be in the spotlight among the gainers. Its growth can be traced to the recent event between Ripple Labs and the SEC. Ripple trades at $0.4, a 10% increase in the last 24 hours. Following the Monday red zone parade, several other digital currencies gained some bullish push yesterday. Unfortunately, the green glory didn’t last for many of these digital tokens, according to today’s market watch. Among the digital assets with the highest losses was Ethereum. The Merge, as many believed, was meant to take Ether to some green heights. While that is probable, Ethereum is currently plummeting to an unknown price level. Related Reading: Polygon (MATIC) Downward Trajectory Faces Resistance At $0.94 Level A few days back, Ethereum traded at just over the $1,600 mark. Days later, it went down to a little below $1,300. At the time of writing, Ethereum trades at $1,311, around a 1% decrease in the last 24 hours. Featured image from Pixabay, chart from TradingView.com

Crypto News

Integrating The Third Dimension to Social Media

Social media is one of the most important inventions of the digital age. It has allowed us to communicate and connect with the world in a way that has never been possible in human history. Furthermore, it offers us the ability to form bonds with the world and find like-minded individuals who share the same ideas and beliefs. However, social media is not without its limitations. One of the largest of which is to do with how information is presented and passed along. Social media platforms are practically all 2-dimensional, meaning that all data is displayed in a 2-dimensional format (i.e., on a screen). This means that people can only connect via text, images, sounds, and videos. While this is certainly still good, it cannot be denied that it leaves us longing for more. We live in a 3-dimensional reality, which means we experience the world in a much richer way than current-day social media can display. Many moments in human existence are essential because they happen on a 3-dimensional plane, where people share space. We are social creatures, and the best way to socialize involves proximity and physicality. Sadly, most social media platforms cannot accommodate this. Expanding The Boundaries With that being said, developments in VR, AR, and even blockchain have caused scientists and developers to re-examine our social media landscape and create alternative platforms that help satiate our genuine desire for socializing and connectivity. As a result, immersive and digital spaces are being built that allow people to connect with the world from their computer while also interacting on a 3-dimensional plane. One project at the forefront of this is MT Tower. This social media platform doubles as a fully functioning metaverse. This lifestyle and gaming environment is pushing the space’s boundaries by allowing people to form genuinely intimate connections online. All around the world, there is a silent recognition that creating bonds with mere words and images is not enough to satisfy us. But until recently, there were no digital alternatives. Lockdowns triggered by the COVID pandemic taught us that humans crave 3-dimensional contact, rendering traditional social media ineffective and no longer fit for purpose. This is why metaverse environments such as MT Tower are more critical now than ever. Writing texts and sending pictures may have been enough to feel socially included pre-pandemic. Still, nowadays, we have awoken to just how lonely an experience can be. Websites are no longer sufficient; we need virtual spaces. A Truly Immersive Future MT Tower is building an intimate, all-encompassing, and emotive environment. It creates a virtual location where people can congregate, discuss ideas, make memories, and (above all) share space. It favors immersion beyond anything else as the project understands that humans are 3-dimensional beings who need 3-dimensional tools. This is a critical moment for the social media landscape, as it is the first significant evolution of the industry since its inception. The move from 2-dimensions to three will be a welcome change for consumers and the public at large, as there is a subtle recognition among internet users that words, images, and videos are far too limited to capture the beauty of the human experience.