Top 5 Cryptocurrencies to Watch in 2023 - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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“We have some work to do, it will take many years to do,” he says, “but that is what will happen.” Cons of CBDC Top 5 Cryptocurrencies to Watch in 2023“Increased market access for institutions, facilitated by vehicles like ETFs, will enhance liquidity in bitcoin spot markets and, consequently, play a role in diminishing overall volatility over time,” he said.Hong Kong Stock Exchange debuts new settlement system, but it's not blockchain AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employeesEpic Games lays off 830 staff, citing ‘unrealistic’ metaverse ambitions

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Gwei, short for gigawei, refers to the denomination used to calculate gas fees on the Ethereum network. One gwei is equal to 0.000000001 ETH. Source: niftygateway.comAutumn is on its way, and for many coffee drinkers, 'tis the Pumpkin Spice Latte season. Starbucks' popular beverage is turning 20, and to celebrate the occasion, the American coffee shop chain announced special non-fungible token (NFT) collectibles. Starbucks Odyssey, the coffee giant's Web3 rewards and loyalty platform, will today release Pumpkin Spice Latte digital stamps, exclusively for its members. Nonmembers can join the Starbucks Odyssey waitlist.Each NFT from "The PSL Collection: Spiced Stamp" will cost $20.Payment options include ETH, Nifty Gateway balance, Gemini balance, credit card, and buy now pay later.Four types of NFTs will be available, each representing a type of "fall’s most iconic drink": Spiced, Iced, Steamed, and Whipped.Each member can purchase up to 4 Stamps from the collection, according to the description on the NFT marketplace Nifty Gateway. The designs will be revealed to the buyers by October 10, 2023. Per the announcement, "Stamps earn you 250 points each. If you choose to purchase all four designs, an opportunity awaits you on the other side."Starbucks' NFTs are minted on Ethereum scaling network Polygon and sold on Nifty Gateway. The company announced its blockchain-facilitated loyalty program, Starbucks Odyssey, last year. It launched the platform in a closed beta version in December.At the time, it said that the members would be able to engage in Starbucks Odyssey 'journeys' - a series of activities such as playing interactive games or quizzes - to earn digital collectibles called ‘journey stamps.’There are a number of NFTs created by Starbucks available on Nifty Gateway, currently with floor prices between $7.44 for a Constant Conversation Airdrop Stamp and $768 for a Holiday Cheer Stamp."By integrating into the Starbucks Rewards ecosystem and grounding the experience in coffee, connection and community, we are entering the Web3 space differently than any other brand, while deepening our members’ connection to Starbucks,” said Brady Brewer, Starbucks executive vice president and chief marketing officer. ____Learn more:- Starbucks Odyssey Makes Big Bet that Web3 and NFTs Can Make Rewards ‘Immersive’- Coffee Giant Starbucks Aims to Enter NFT Business- Starbucks Unveils Web3 Loyalty Program, Inviting Customers on an 'Odyssey' of Rewards and Benefits- South Korean Bankers 'Fear' Starbucks Crypto ThreatOpenSea Unveils OpenSea Studio to Help Creators Easily Launch NFT Projects What are Bitcoin and Ethereum options: How can they ...DUCKIES Token’s Features: Bridging Regulated Money Markets and Crypto

Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin (BTC) monetary transfers.“There is minimal evidence that inscriptions are displacing monetary transfers,” on-chain analytics firm Glassnode explained its Sept. 25 “The Week On-chain” report.The firm explained that this is likely because inscription users tend to set low fee rates, expressing a willingness to wait longer periods of time for confirmation.“Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers.”Bitcoin Ordinals were introduced in February 2023 and have since accounted for the lion’s share of network activity when it comes to daily transaction count. However, this hasn’t necessarily been reflected in its share of mining fees, with inscriptions only attributing to about 20% of Bitcoin transaction fees, Glassnode noted.Inscription fee share between images, text, audio, video and other data types on Bitcoin. Source: GlassnodeMore inscriptions means more revenue — but there’s a catchWhile inscriptions have strengthened the base-load demand for blockspace and increased fees for miners, Glassnode says Bitcoin’s hash rate has also increased 50% since February.This has resulted in tougher competition for miners looking to swoop in on revenue fees, says Glassnode:“With extreme miner competition in play, and the halving event looming, it is likely that miners are on the edge of income stress, with their profitability to be tested unless BTC prices increase in the near term.”Bitcoin is currently priced at $26,216, but many industry pundits expect some degree of price appreciation in the lead-up to Bitcoin’s halving event scheduled for April 2024.Related: Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’ Currently, most inscriptions come as a result of BRC-20 tokens, which were introduced one month after Casey Rodarmor launched the Ordinals protocol on Bitcoin in February.On Sept. 25, Rodarmor pitched “Runes” as a potential alternative to BRC-20s, suggesting that an unspent transaction output-based fungible token protocol wouldn’t leave as many “junk” unspent transaction outputs on the Bitcoin network.Magazine: Blockchain games aren’t really decentralized… but that’s about to change Crypto exchanges, both centralized and decentralized, are relatively new, so it is important to do thorough research before investing in one. As cryptocurrencies are volatile and some crypto exchanges to date have succumbed to hacking, it is a prerequisite to consider a variety of factors before selecting an exchange, including: Is Cryptocurrency a Good Investment? Should I Invest in It?About a week later, Unity walked back some of its plans for the new fee, set to launch in 2024—but hasn’t scrapped it entirely. “The impact of an uneven distribution of Gamma amongst traders would have [previously] resulted in much more volatility as compared to what we have seen these days,” Strijers said. “Therefore we don’t anticipate strong market moves in the coming week.”

The Morgan Creek Capital founder claims the combination of Bitcoin network’s upcoming halving event and the potential approval of BlackRock’s spot bitcoin ETF will bring “tens of billions, if not hundreds of billions of dollars of demand into the physical spot market.” In order to discuss the incentives that miners face, we need to understand the core business models that miners deploy and the directional unit economics across the standard set of inputs. In the simplest terms, miners aim to produce bitcoin at the lowest possible cost. There are various methods of mining in existence today, each with its own costs, structures, and risks. For the purpose of this post, let’s present a basic overview of the inputs miners must consider and the subsequent capital expenditures involved: How do I cash out digital currency?The GHST token is the base ecosystem currency for purchasing various on-chain Aavegotchi assets, including portals, wearables, and mini-games. “The focus is now on industrializing what we are doing by being involved in more events with more people where there is scope to drive and monetize engagement levels.”

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