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    Integrating The Third Dimension to Social Media

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    Integrating The Third Dimension to Social Media

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    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.    

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    Ethereum Funding Rates Hit The Low Amid The Shift From PoW

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    Ethereum Funding Rates Hit The Low Amid The Shift From PoW

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    The Ethereum upgrade has shifted the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The Ethereum mainnet and the Beacon Chain will finally merge as a single blockchain through the transition. According to the estimations of EtherNodes, the Ethereum transition will occur if there are no underlying technical challenges. Before now, the team of developers confirmed the checklist for the Merge before releasing it. Related Reading: Investor Sentiment Sees Sharp Positive Spike Following Crypto Market Recovery There have been several sentiments and reactions concerning the Merge lately. This significantly impacted ETH and all its derivatives in the crypto market. Some participants are accumulating more expecting a sudden spike in price. But some are even disposing of what they have due to fear of volatility. Sentiments On Merge Affects ETH Funding Rates Currently, expectations and more attention are glued to the Ethereum blockchain. But based on the state of the miners, there could be variation in the transition estimated time. From the look of things, the ETH futures traders seem to be calculating their moves. The data from CryptoQuant revealed that Ethereum funding rates had hit a new all-time low. This recent point marks the lowest for the Ether derivatives. ETH funding rate is a metric that provides forced convergence of prices between the contract and the underlying asset. It indicates the payment that comes from long to short or short to long traders. The difference between an asset’s spot and the perpetual futures contract prices provides the funding rate. Negative Value For Ethereum Funding Rates And Implication CryptoQuant data give a negative value for the Ethereum funding rates. This means that the dominant force in the order book goes to short traders. Hence, will be paying long traders accordingly. Futures traders place high importance on funding rates. This is because these rates are like spontaneous catalysts that could alter their trading stance positively or negatively. As a result, they will make huge profits or suffer massive losses. Related Reading: Bitcoin Must Hold This Level Or Risk Falling To $10,000 Usually, traders that pay high funding while using high leverage will likely have losses. However, such a flip is possible to occur even when the market is not under a severe bearish influence. So, they may resort to hedging as protection. The negative value of the ETH funding rates implies that futures traders are currently hedging their spot exposure. A considerable explanation for such results points to the Merge. Hence, the traders could exercise more caution due to potential volatility that could erupt after the transition. Featured image from CNN, chart from TradingView.com

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    Cosmos Touches Highest Point Since May As ATOM Expands 25%

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    Cosmos Touches Highest Point Since May As ATOM Expands 25%

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    Cosmos (ATOM) has managed to soar by 25% which is considered its highest point since the coin traded at around $15.70 on May 8. ATOM’s trading volume spikes by 89% in past 24 hours Cosmos’ NFT volume surged to $778,000 as seen on September 7 Cosmos 2.0 triggers 40% price pump for ATOM Even though the recent figures are far from ATOM’s ATH seen at $44.45, the latest developments seem to have revived investor trust and confidence. ATOM’s trading volume has also increased by 89% in the past 24 hours. However, ATOM’s dilemma is how to rally by taking the lead from the crypto king, Bitcoin (BTC). Based on ATOM’s on-chain metrics, it seems that there is no disparity between the negative and positive sentiments. It shows a balance with only a little difference spotted at 0.188, with the positive sentiment being 9.531. The negative sentiment remains at 9.413. NFT volume for Cosmos has spiked to $778,000 as observed on September 7.   Related Reading: Crypto Words ‘Metaverse’ And ‘Altcoin’ Get Spot In Merriam-Webster Dictionary – Yeet! 5 Unique Wallet Addresses Buy ATOM NFTs The unique wallet addresses that purchased ATOM NFTs increased to five. On the other hand, both these metrics decreased while ATOM was in its glory in price hikes. More so, total NFT volume has nosedived to roughly $223,000 a few days ago, and at that time, the unique wallet addresses were limited to two. Judging by the four-hour chart of ATOM/USDT, the coin may hover in the green lane for the short term. This assumption was validated by ATOM’s 20 EMA going over the 50 EMA.   In the long term, the 200 EMA has shown that ATOM could retrace and register new lows in the coming months as it sits far from the short-term indicators. Further, ATOM investors and holders need to carefully watch out for any changes in volatility. ATOM’s Bollinger Bands revealed that the token’s price increase has been precipitated by an uptick in volatility. With that in mind, it would be wise for investors to anticipate a downturn and play their cards right. Cosmos 2.0 Rolls Out September 28 Cosmos’ development activity has also spiked after the blockchain company has announced plans of blockchain update. Cosmos 2.0 is looming and as such, this has pumped up ATOM’s price by 40%. Frens Validator team, a passionate and supportive community of ATOM revealed the unfolding of important Cosmos developments in 2022. Frens Validator team has posted an announcement via Twitter regarding the Cosmos 2.0 design which will soon be rolled out on September 28 in Medellin, Colombia. The Cosmoverse 2022 is dubbed to be the biggest Cosmos event for Web3 developers, contributors, entrepreneurs, investors, and DApps owners. The Cosmos 2.0 is designed to enhance the overall architecture and functionality of Cosmos (ATOM). These developments have triggered the surge of ATOM price from September 7 to 8, shooting from $12.3 to $17.5 in less than two days. Related Reading: Why Dogecoin Co-Creator Is Accusing Mark Cuban Of Scamming Investors ATOM total market cap at $4.5 billion on the daily chart | Source: TradingView.com Featured image from UseTheBitcoin, chart from TradingView.com

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    TON to list Toncoin on Huobi exchange with a 1 million token promotional campaign

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    TON to list Toncoin on Huobi exchange with a 1 million token promotional campaign

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    Crypto exchange Huobi Global has announced that it will be listing Toncoin, the native cryptocurrency of The Open Network (TON) ecosystem, on Wednesday, September 7th, 2022. The listing will see TON available for trading on one of the largest cryptocurrency exchanges in the world in a TON/USDT spot trading pair. The listing was announced by Huobi Global on September 5th as part of a strategic partnership with the TON Foundation. Toncoin, which is a token that is available to transact on the messaging platform, Telegram, has now moved out into the mainstream with this new listing. The project had previously raised $250 million through the Huobi Incubator, which is part of the Huobi Group. This partnership will not only see Toncoin listed on the crypto exchange, but there is an extensive marketing budget of 1 million TON tokens planned to go towards marketing events, trading contests, airdrops, and staking with up to 300% APY. Founding member of the TON Foundation, Steve Yun, expressed excitement at the partnership with Huobi. He states that the TON Foundation is “excited that Huobi Global now supports TON mainnet. We look forward to actively supporting the TON ecosystem together.” The partnership is also focused on expanding the offerings and opportunities in Web3. Both parties plan to leverage the collaboration to support developers and businesses, as well as provide investments, incubate projects, and implement technologies and projects based on the TON blockchain. “By leveraging its user-friendly mass-market products, TON has the potential to become one of the most promising layer-1 blockchains that could bring hundreds of millions of Web 2.0 users to the crypto world,” Lily Zhang, Chief Financial Officer of Huobi Global. “With the integration of TON mainnet, Huobi is well-equipped to support promising projects built in the TON ecosystem.” About The Open Network (TON) The Open Network (TON) is a community-run Layer 1 proof-of-stake blockchain that was developed in 2018 by the founders of Telegram and the Durov brothers. It is a blockchain that enables lightning-fast and ultra-cheap transactions. It is a fully scalable decentralized blockchain that has easy-to-use applications and an environmentally friendly design. The Durov brothers had officially handed over TON to the community, and since then, the blockchain development has been led by the TON Foundation, made up of a non-commercial group of supporters and contributors whose sole purpose is to help grow the blockchain. Toncoin, the native token of TON, is the only cryptocurrency that is transferrable between users on the Telegram messaging app. Users are able to send crypto among themselves using the @wallet bot in a seamless manner. About Huobi Global Huobi Global is a cryptocurrency exchange that was founded in 2013 and has quickly grown to prominence since then. Data from Coinmarketcap shows that the exchange is the 9th largest in the world, with daily volumes of more than $500 million. Huobi is licensed in 12 countries, including the United States, Thailand, Japan, and Gibraltar. The company has since grown to develop various arms dedicated to different parts of the business. HECO Chain is an environmentally friendly blockchain that caters to developers, Huobi Capital is the investment arm of the group, and Huobi DeFi Labs caters towards helping decentralized finance (DeFi) development, amongst others.    

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    Saylor says Bitcoin’s Lightning Network most important technology in the world right now

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    Saylor says Bitcoin’s Lightning Network most important technology in the world right now

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    Bitcoin Maximalist Michale Saylor argued that Bitcoin’s Lightning Network is the most important development going on in the world of technology.

    The post Saylor says Bitcoin’s Lightning Network most important technology in the world right now appeared first on CryptoSlate.

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    TIL: there used to be a Bitcoin faucet that literally gave away 5 bitcoins just to solve a CAPTCHA

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    TIL: there used to be a Bitcoin faucet that literally gave away 5 bitcoins just to solve a CAPTCHA

    12 years ago in 2010 a fellow named Gavin Andresen created the first cryptocurrency faucet; he made this simple website giving away 5 bitcoin ( not a typo FIVE) just for solving a CAPTCHA. It has since been archived and what is crazy was that the snapshot on that day showed that there was still […]

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