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Qtum Partners with Vaccine Forward to Boost Global COVID-19 Vaccination Efforts

QTUM

The blockchain platform Qtum has announced the partnership with Vaccine Forward to help the fundraising initiative to raise vaccines for distribution to over 92 countries. The goal of the partnership is to raise $2 billion to speed the vaccination process through some of the world’s poorest countries, with the Qtum Chain Foundation committing to match […]

The post Qtum Partners with Vaccine Forward to Boost Global COVID-19 Vaccination Efforts appeared first on Blockonomi.

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The blockchain platform Qtum has announced the partnership with Vaccine Forward to help the fundraising initiative to raise vaccines for distribution to over 92 countries.

The goal of the partnership is to raise $2 billion to speed the vaccination process through some of the world’s poorest countries, with the Qtum Chain Foundation committing to match the total number of vaccines raised by Vaccine Forward.

Vaccine Forward is a Swedish-based initiative aiming to fight this inequality having raised over 12k vaccinations ever since its start and has now looked for the support of the blockchain and crypto industry in collaboration with Qtum Chain Foundation, which has provided half of the total vaccinations.

Elisabeth Thand Ringqvist, Vaccine Forward founder, referred to the partnership by stating:

“As a grass-roots organization, Vaccine Forward is proud to receive the biggest donation so far, effectively doubling the amount of raised vaccinations, from 6 000 to 12 000 with Qtum’s donation. We are also very happy for Qtum’s challenge to the Blockchain-space at large to do the same.”

The organization depends on private and corporate donations to make it possible to help countries who need the vaccines to ensure the health of their citizens, which are distributed via the Global Vaccine Alliance (GAVI).

Soon, donors will also be able to contribute to this mission by making donations using cryptocurrency directly on Vaccine Forward’s website, facilitating the process for people around the world who might not be able to donate with fiat otherwise.

Crypto As a Tool for Equality

While developed countries have moved forward with vaccination efforts, countries with poor economies and strong political relationships have struggled to vaccinate their citizens, creating a high level of inequality among a pandemic that affects all countries equally.

One of the pillars of the crypto movement on its inception and till this day has been to provide people around the world with access to financial services and platforms without the need for centralized authorities having power over them, which has made crypto a lifeline for residents of countries under extreme poverty, dictatorships, or economic sanctions.

Cryptocurrency has been used by organizations like AirTm to help citizens from countries like Venezuela to receive economic assistance from people abroad by bypassing legal sanctions and economic restrictions placed by their country and foreign governments, highlighting some of the benefits of decentralization.

Similarly, projects designed to allow charities to receive donations from interested parties have also become increasingly popular in the crypto ecosystem, which has proven to be invaluable for charities over the last years.

Qtum Co-Founder, Jordan Earl, referred to the potential the industry has to help the transition out o the pandemic by saying:

“We hope that we can inspire our industry to do the same and also match Vaccine Forwards fundraising to help in the effort of vaccinating people who need it the most. We at Qtum are global problem solvers with an open platform and therefore, I think the grass-roots organization Vaccine Forward is an amazing solution to a complex global problem.”

The Qtum Ecosystem Continues to Grow

Qtum has experienced increasing success over the past year, which has not only been reflected by its cryptocurrency’s gain in value but also by the expansion of its ecosystem.

The most recent news came in the form of an announcement of its commitment to provide Filecoin with smart contracts capabilities through the Qtum network, something that while not only benefits users of the platform but also Qtum itself as part of its portfolio controls about 10% of Filecoin’s mining power.

Great Options for New Markets

Qtum is also looking into launching NFT support to compete against networks like Ethereum by offering lower prices, which has been an increasing pain for projects running on the Ethereum network.

With major networks like Cardano, Polkadot, and Ethereum getting closer to the release of their next updates, Qtum is looking forward to becoming a major competitor in the growing crypto ecosystem.

The network’s coin, QTUM, has gained over 700% in value over the last year according to Coingecko data, with a 90% over the last month which has seen most of the big projects in the crypto market go through a bearish trend.

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Source: https://blockonomi.com/qtum-partners-vaccine-forward/

Blockchain

EOS Technical Analysis: Price May Further Fall Below the First and Second Support Levels of $13.90 and $13.62

EOS has fallen below the 61.8% FIB retracement level of $14.16. It may soon fall below the 76.4% FIB retracement level of $13.98 as well. If by day end, the price retests and breaks out of these levels, then probably a price uptrend has set in. In that case, we can expect the price to continue rising tomorrow as well.

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EOS.IO is a blockchain-based platform for the creation of decentralized apps and smart contracts. It aims to improve transaction speeds and minimize transaction costs. It is highly scalable and compatible with mission-critical applications. EOS is the native token of this ecosystem and the technical analysis is as follows:

Past Performance

On May 5, 2021, EOS started trading at $6.34. On May 11, 2021, EOS closed at $14.52. Thus, in the past week, the EOS price has skyrocketed by roughly 129%. In the last 24 hours, EOS has traded between $13.70-$14.90.

https://d229noksprj98s.cloudfront.net/wp-content/uploads/2021/05/eos-technical-analysis-price-may-further-fall-below-the-first-and-second-support-levels-of-13-90-and-13-62.png

https://zephyrnet.com/wp-content/uploads/2021/05/eos-technical-analysis-price-may-further-fall-below-the-first-and-second-support-levels-of-13-90-and-13-62.png

Day-Ahead and Tomorrow

Currently, EOS is trading at $14.19. The price has decreased from the day’s opening price of $14.51. Thus, the market seems to be bearish.

READ  Presidential Candidate Brock Pierce Served With Fraud Lawsuit At Campaign Rally

The MACD and signal lines are positive. Thus, the overall market momentum seems positive. However, a bearish crossover by the MACD line over the signal line has occurred. This implies that the price will continue to decline for some more time before it starts rising.

Currently, the RSI indicator is at 55%. It faced rejection at 50% and rose to the current level. Thus, buying pressures are higher than selling pressures. Hence, we can expect the price to start rising after some time.

However, the OBV indicator has fallen steeply. This indicates that selling volumes are higher than buying volumes. High selling activity will push the price further down.

EOS Technical Analysis

In a nutshell, when we look at all the oscillators together, we can say that the price will continue to fall for some time. We have to wait and watch to see when the EOS price will start moving upwards.

READ  Argentine Government’s Strong Measures To Eradicate Crypto Trading

Presently, the price has fallen below the Fibonacci pivot point of $14.37. The price may further fall below the first and second support levels of $13.90 and $13.62, respectively.

The price has fallen below the 61.8% FIB retracement level of $14.16. It may soon fall below the 76.4% FIB retracement level of $13.98 as well. If by day end, the price retests and breaks out of these levels, then probably a price uptrend has set in. In that case, we can expect the price to continue rising tomorrow as well.

#EOS #EOS.IO

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/eos-technical-analysis-price-may-further-fall-below-the-first-and-second-support-levels-of-13-90-and-13-62

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Blockchain

Tesla CEO Halts Shanghai Expansion, Starts Twitter Poll on Doge

A tweet from the founder and CEO of Tesla  (TSLA) asking his 54 million Twitter followers to add Doge as a mode of payment is making headlines today.  

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A tweet from the founder and CEO of Tesla Elon Musk asking his 54 million Twitter followers to add Doge as a mode of payment is making headlines today.  

“Do you want Tesla to accept Doge?”: CEO Elon Musk Asked His Followers

The clean-energy carmaker has terminated its plans to expand its Shanghai gigafactory amid tensions with officials in Beijing. According to the statistics, the total sale of Tesla came down approximately 27.1% from the previous month, evaluating up to 25,845 car sales in April. 

As per the reports, Tesla is looking for the idea of expanding its Shanghai operations that at present hold the capacity to produce 500,000 cars per year. These cars will be produced in the global export hub that would ultimately send Model 3 sedans to the U.S. market. 

According to the report, Levies on China-made cars was first introduced by the former president of the U.S. Donald Trump. Meanwhile, Tesla’s broader effort to placate officials in China amid a broader crackdown on technology companies. 

Tesla Ongoing Plans are Facing Delays

From the latest, Tesla’s ongoing plans are facing delays. One such plan is the launch of a second overseas gigafactory in Berlin. As per the reports from the Germany weekly Automobilwoche, a series of setbacks are linked to permit and approve local federal govt officials. 

Founder and CEO Elon Musk also re-inserted himself into the cryptocurrency news cycle by asking,

“Tesla should “accept Doge” as a form of payment?”

The comments to the Tweet triggered the price collapse a third of its value. In terms of vehicle sales, Tesla said,

“It delivered 184,800 new cars over the three months ended in March, a record total that includes the production of 180,338 Model 3s and Model Ys.”

As per the total posted gains in two of the last ten trading days, were marked 4.3% lower in early trading of Tuesday, changing hands at $602.00 each. 

READ  Tesla Beats Wall Street in Q1 to Jump in Environmental Credit Sales

#Buy Tesla With Bitcoin #CEO of Telsa Elon Musk #CEO of Tesla  (TSLA) #Dogecoin (DOGE)

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/tesla-ceo-halts-shanghai-expansion-starts-twitter-poll-on-doge

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Binance (BNB) and Litecoin(LTC) Poised For Massive Surge Soon!

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The post Binance (BNB) and Litecoin(LTC) Poised For Massive Surge Soon! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin used to be the most talked-about cryptocurrency. Analysts, on the other hand, are worried that a variety of alternative crypto coins have started to substitute Bitcoin. Many altcoins are doing well and have a larger market share in the cryptocurrency market than they were previously. Famous trader and analyst Crypto Kaleo is disclosing his …

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Bitcoin used to be the most talked-about cryptocurrency. Analysts, on the other hand, are worried that a variety of alternative crypto coins have started to substitute Bitcoin. Many altcoins are doing well and have a larger market share in the cryptocurrency market than they were previously.

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Famous trader and analyst Crypto Kaleo is disclosing his bullish views and potentially optimistic targets for Binance, litecoin, and one under the radar altcoin.

In a tweet storm, he is setting a massive target of $2000 for litecoin, and says that it is still in accumulation phase as it is trading below $500.

At the time of writing, Litecoin price was up by 5.21% to $380.95. A mixed start to the day saw Litecoin fall to an early morning low $376.95 before rising to a high $384.50.

In the case of Binance Coin (BNB), Kaleo sees the red-hot exchange token exploding to $1,000 after breaking through resistance at $680.

“When $680 breaks and BNB enters price discovery, I expect price appreciation to accelerate rapidly.”

Kaleo has also set his sights on an altcoin that has yet to approach its previous bull cycle’s all-time highs (ATH). 

The trader compares the price movements of EOS and Ethereum Classic (ETC) and claims that they are strikingly similar. From his perspective, EOS resembles Ethereum Classic just before it soared into the stratosphere.

EOS vs. ETC USD comparison! After ETC started to breakout, it accumulated beneath its previous ATH prior to shooting straight past it. The structure of the EOS chart looks extremely similar. I don’t expect it to stop in the low $20s when it moves out of its current range.”

Kaleo says he stacked more after EOS retested support after the initial breakout because he sees more upside potential. 

He said that he added in some EOS here. It’s only a matter of time before it reclaims the recent highs, in his opinion. It should have a reasonably straightforward route back to the old ATH of $23.00 once $9.00 is breached.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinpedia.org/altcoin/altcoins-poised-for-massive-surge-soon/

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Blockchain

Mining Bitcoin: How to Mine Bitcoin

Introduction to Bitcoin Mining Mid-19th century California gold miners were called “forty-niners” after the year 1849, but this rush actually spanned from 1848-1853; it took five years for a quarter-million people to flood the state in search of “free wealth”. Satoshi Nakamoto first published the white paper on cryptocurrency back in 2008, and Bitcoin was … Continued

The post Mining Bitcoin: How to Mine Bitcoin appeared first on CryptoCanucks.

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Introduction to Bitcoin Mining

Mid-19th century California gold miners were called “forty-niners” after the year 1849, but this rush actually spanned from 1848-1853; it took five years for a quarter-million people to flood the state in search of “free wealth”. Satoshi Nakamoto first published the white paper on cryptocurrency back in 2008, and Bitcoin was launched in 2009. Today, in 2019, there are at least a million bitcoin miners around the world. A single bitcoin (or “1 BTC”) is worth almost $10,000, give or take a few hundred dollars, and there are around 1,800 new bitcoins mined every day, meaning there’s a whopping $18,000,000 being ‘created’ every day.

Not bad for ten years. No wonder everyone wants to learn how to mine bitcoin.

A Brief History on Money

Cryptocurrency is math that can be used as money.

Money is, fundamentally, an accounting of debt; you owe someone for a good or service, and giving them money erases that debt. Banks are giant ledgers, accounting for every transaction – when you paid for your coffee, this “ledger” sees that you lost $2 and the coffee shop gained $2.

Paper dollar bills do not record this specific transaction – who lost and who gained those $2 – but they act as evidence of a transaction having taken place at some point. In fiat currency, a state is the ultimate arbiter or holder of all the debts – and the one that mints, or makes, the currency in the first place. They account for how much currency they put out, and approximately how much is present now; the only road bump being that they do not know every transaction in between.

In cryptocurrency, no one person or entity controls a central ledger, because this “ledger” is effectively on every computer connected to the network of that currency; everyone has it. Since each unit of the cryptocurrency is composed of math, as opposed to physical substances like paper or gold, this math effectively records every transaction

So Where Does it Come From?

Fiat currencies are “made” (or rather, minted) by states, and accounted for by banks, but these currencies are often directly or indirectly made from precious metals that are mined from the Earth – which is why so many people flooded California in the mid-19th century. Minting is a middle step between the mining and the currency.

Cryptocurrency cuts out that middle step; bitcoin is “minted” and made from BTC mining.

If bitcoin is commercialized math, then mining is the process of solving all its equations. A common, yet accurate, joke explanation is, “imagine if you could solve puzzles, then use those solved puzzles as money”. Bitcoin is that, but on a much larger and astronomically more complex scale; bitcoin mining is both the process of solving puzzles, and the process of verifying other solves puzzles.

That said, these “puzzles” (called “blocks” in BTC mining) are operating on a very complicated scale. BTC mining is basically the process of racing to correctly the correct number out of 115,792,090,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 possible options – and doing so hundreds, thousands, maybe even millions of times a day. This takes some pretty hefty computing power.

How to Mine Bitcoin

Despite a lot of chatter about bitcoin mining software, it is really a matter of hardware; software is just the most accessible way to access this hardware.

“Winning” or solving – and receiving payout for – is a combination of computational power and a bit of luck. If you accomplish this, you can get about 12.5 bitcoins, though starting in 2020, that will become 6.25. The number of bitcoins you receive for solving a block cuts in half every 210,000 blocks – which is roughly every four years, since the blocks get more and more complicated over time. This will keep going until 21 million bitcoins have been mined, a cap built into the system. There are currently only 3.17 million bitcoin left to be mined.

How to Mine Bitcoin in the Hard(ware) Way

There are two types of “miners” you can buy: application-specific integrated circuit (ASIC) or graphics processing unit (GPU). These are not only very expensive to buy, but they also take up a lot of electricity and require a powerful network connection. This is why mining calculators exist – these are various apps and sites into which you can input details on your miner, your power cost, and your network cost, to figure out how much profit (if any, even) you will turn.

It is usually pretty low, and these days, mining with your own hardware is only really advised for people who already happen to have lots of hardware and great network on hand, and would not need to go out of their way to get those.

That just leaves…

How to Mine Bitcoin With Bitcoin Mining Software

At 12.5 BTC per block, when bitcoins are worth $10,000 each, that’s $1,250,000 on the line every time you are competing with other miners to “guess the right number” first. This takes far more computer power than most people can afford on their own.

As such, the most common way to get in on BTC mining is to join a collective of miners and “rent” the mining tools – known predominantly as cloud mining.

The biggest advantage is that there is a much lower barrier to entry when you cloud mine bitcoins. The biggest disadvantage is that instead of getting the reward all to yourself, you are splitting those bitcoins with other people, and typically a lot of them. Winning a million dollars doesn’t mean as much when you’re splitting it with a million people.

Step 1: Choose Your Wallet

Before you start working for a job, you want to know how you will be getting your pay. By the same token, before you start mining for bitcoins, you should know where you will keep your bitcoins once you earn them.

Online wallets are typically the most convenient, and easiest to use. They are also typically the most efficient for actually using your bitcoins to purchase goods and services, and you will have your bitcoins even if you lose all your devices. That said, this does put you in a similar position with a bank. If the host is experiencing heavy traffic or DDOS attacks, you may not be able to access your funds, and if they are hacked, you can lose your bitcoins entirely.

Hardware wallets are the opposite extreme. As physical objects, are completely offline, and thus cannot be hacked or otherwise remotely attacked. As long as you have your hardware wallet and a device to access it with, you will be able to access your funds. But what you gain in remote security is lost in personal security; if you lose your device or it’s physically stolen from you, you lose your bitcoins.
The middle-ground between these is “software wallets” or “desktop wallets” (though these can also be mobile apps). These are on your local device, so even if exchanges go down or are attacked, you still have your bitcoins, and the only way you can lose them to remote exploitation is if you, the specific individual, are targeted and hacked, which is very unlikely. But, it can still be used to conduct transactions and otherwise go online as necessary. That said, this is also vulnerable to loss if you lose your physical device (i.e. if someone steals your computer).

Step 2: Find Your Cloud

Mining companies are the computing clouds or collectives of miners. While joining such a company might be couched in terms of renting the hardware, another way to look at it might be that you are investing.

The amount you invest, or the rate at which you rent, is known as a “mining package”, which you pick once you join a mining company. You can also invest ahead of time in new technology that will be coming out at a later date. That said, investing in something that doesn’t exist yet is always a heavy risk.

There are many sites in which you can find comparisons between companies, including user ratings and reviews. Be careful with the
reviews – while they can be insightful, many are also full of people attempting to get new ‘recruits’ specifically with referral codes, which will net the refer-er a small bonus or profit.

Step 3: Pick Your Pool

A “pool” is basically the team of miners that you choose to join up with, and contribute your invest or computing power. If you are just starting out mining bitcoins, you should start by joining an “older” (or rather, more established and vouched-for) pool, and perhaps one with lower fees. The payout or profit from these will usually be on the low side, but they are also less risky.

As you get the hang of bitcoin mining and learn how pools work, you can start venturing out to other pools that aren’t as established and carry higher risks, but also higher rewards.

Buy Bitcoin, Ethereum, XRP, and other cryptocurrencies on Coinsquare, the world’s home for cryptocurrency.


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Source: Coinsquare: Mining Bitcoin: How to Mine Bitcoin

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Source: https://cryptocanucks.com/mining-bitcoin-how-to-mine-bitcoin/

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