PancakeSwap (CAKE) aims to take a slice out of Uniswap’s DeFi dominance

Decentralized finance has taken a back seat to nonfungible tokens over the past month but this hasn’t stopped the top DeFi projects from developing and strategizing how to grow their ecosystems and market share.  One project that has outperformed the field as of late is PancakeSwap (CAKE), the Binance Smart Chain-based automated market maker (AMM) that allows users to exchange tokens and earn a portion of fees through yield farming. Monthly trading volume on PancakeSwap. Source: Delphi Digital According to a recent report from Delphi Digital, several factors have played…

NFTs come to Saturday Night Live in rap sketch

The craze behind non-fungible tokens, or NFTs, has seemingly reached peak parody after NBC’s famed Saturday Night Live sketch comedy featured it in a skit with United States Treasury Secretary “Janet Yellen.” In last night’s show hosted by former cast member Maya Rudolph, Yellen — portrayed by comedian Kate McKinnon — is speaking at a university economics class when a student asks her to address exactly what are non-fungible tokens through the medium of rap. “What the hell’s an NFT? Apparently cryptocurrency. Everyone’s making so much money — can you…

Smells like NFT spirit? Look Labs launches first digital fragrance

Look Labs, a contemporary beauty and lifestyle studio founded in Berlin, Germany, has launched the first digital fragrance encoded into a non-fungible token, or NFT, offering further evidence that the digital art craze continues to grow.  The fragrance is a digital version of the unisex Cyber Eau de Perfume, which was launched in October 2020 with a strong focus on environmental sustainability. The NFT collectible was designed in collaboration with Montreal-based artist Sean Caruso. The scent of physical Cyber Eau de Perfume was “extracted using near-infrared spectroscopy and is represented…

Crypto user modifies old school Game Boy for Bitcoin mining

An IT security researcher has been able to adapt Nintendo’s first major handheld game console to mine cryptocurrency. According to a recent YouTube video, user Stacksmashing used the hardware from a Nintendo Game Boy first released in 1989 as a starting point to mine Bitcoin (BTC). Because the gaming console has no built-in wireless capabilities — and largely predates the internet — the YouTuber said he used a Raspberry Pi microcontroller board attached to the Game Boy’s link port and a USB flash card to establish a connection to a…

Inactive BTC supply hits 3-month low

Long-time Bitcoin (BTC) HODLers are refraining from selling their holdings, on-chain data from Glassnode shows. According to Glassnode’s “BTC Percent Supply Last Active 2+ Years” indicator, Bitcoin that was last moved well over two years ago reached a three-month low to 45.364%. BTC Percent Supply Last Active 2+ Years. Source: Glassnode This trend indicates that Bitcoin HODLers who bought around the top of the last bull cycle in 2018 and before are showing deeper conviction as BTC consolidates above $55,000. Interestingly, the spike during December 2020 suggests that many may…

As technology matures, more uses will emerge?

Before the age of smartphones allowed the average person on the street to snap a selfie with their favorite celebrity, autographs and signed memorabilia were highly sought after by collectors. Naturally, the value of these real-world, authentic and rare keepsakes are high and remain so today. However, thanks to the utility of blockchain technology, digital collectibles are becoming the modern-day autograph or the one-of-a-kind, priceless piece of art. People need to look no further than the $69 million paid at auction for the now-famous “Everydays: The First 5000 Days,” a…

Playing Crypto Games for a Living Is More Than Just a Meme

Key Takeaways Pro gaming has long been a unique income source for many around the world. This same trend is unfolding in various blockchain-based games like Axie Infinity and Decentraland. With gamers making a sustainable living in the metaverse, VCs are keeping a close eye. Share this article While games such as World of Warcraft originally blurred the line between in-game economy and real money, games on the blockchain take this to the next level.  And for many, this innovation is earning them a real living. Play Games, Get Rich…

The first days of Bitcoin and Dustin D. Trammell’s emails with Satoshi Nakamoto

It is not known if Satoshi Nakamoto created Bitcoin (BTC) alone, if they had help from others, or whether they themself are just a pseudonym for a developer collective. However, after the launch of Bitcoin on Jan. 9, 2009, Nakamoto worked to improve the software by receiving feedback and opinions from several collaborators. Among them is Dustin D. Trammell, one of the first cypherpunks to download the official version of Bitcoin and mine the cryptocurrency. Trammell is a computer security research scientist and a specialist in virtual security. In addition…

Why Bitcoin Price Could Rally If It Settles Above $57K

Bitcoin price is recovering nicely above $55,000 against the US Dollar. BTC is likely to start a strong increase if there is a daily close above the $57,000 resistance. Bitcoin started a fresh increase above the $55,000 and $55,500 resistance levels. The price is now well above $55,000 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $55,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could rally towards the $60,000 level if…