It’s All About Crypto Blog
Polymarket Takes 25% of Polygon’s Gas: What It Means
Coinmetrics published a report titled "Polymarket and the Power of Collective Intelligence." One key takeaway is that Polymarket now consumes 25% of all gas on Polygon. Gas is the fee paid for space in blocks. This means 25% of Polygon’s block space is taken up by Polymarket transactions. Polymarket’s popularity is surging, and if this...
Why I Used a Crypto Swap After 12 Years with Bitcoin
A story from one of our users. IS IT STRANGE TO NEVER SWAP CRYPTO FOR CRYPTO? I bought my first Bitcoins in 2012, and Bitcoin has never let me down since. It gives me everything I need: secure savings and simple transfers that I can send anywhere without anyone’s permission. Many new cryptocurrencies have emerged in the cryptocurrency market since then, but none of them...
ETH/BTC Hits a 44-Month Low: What It Means
The ETH/BTC rate has reached a three-year low - more precisely, a 44-month low. At first glance, this might seem like something noteworthy. But if you look at three-year charts for most other cryptocurrencies relative to Bitcoin, you’ll notice the same trend. When the initial wave of interest in a coin or token fades, demand for it tends to decrease steadily over time...
The Rise and Fall of Meme Tokens
Here’s another class of crypto assets with no practical use: meme tokens. The creators of the first meme coin, DOGE, made it clear that it was just a joke. Yet, there’s still demand: * Some buy meme tokens to be part of a community (like fan tokens). * Some love the meme itself and support its creator. * Others treat it like a lottery, hoping...
Fragment Username NFTs: Collectibles or Usable Assets?
On Fragment, you can buy a Telegram username - or rather, an NFT certifying your right to use it. Until yesterday, some usernames had a clear red warning that they were blocked and couldn’t be used in Telegram. Now, those warnings are gone. To check if a username is blocked, you must search for it in Telegram. If it's fine, you’ll find a...
Bitcoin vs MAG7: A Tale of Selective Data
Bloomberg recently published an article, showing a chart that suggests investing in the MAG7 - Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla - has been more profitable than Bitcoin over the past three years. If you look at the chart, it seems that the MAG7’s return consistently outpaces BTC. But here's the trick: the authors picked a...
Are Cryptocurrencies Our Future?
In 2006, I had an innovative electronic wallet from the payment system StormPay. With it, I could not only receive money from anyone over the internet but also withdraw cash using a plastic card. For 2006, this was an unprecedented opportunity. HOW I LOST MY MONEY ON THE INTERNET One day, I read on several forums that StormPay was mass-disabling...
The reality behind STORM tokens' utility
Several platforms have recently launched trading for STORM tokens, the native tokens of the Storm Trade exchange. The exchange looks very promising, and the tokens are being marketed as utility tokens. Typically, exchange utility tokens are considered reliable investment tools. The term “utility” suggests that the tokens have actual use cases. For example: * Using tokens for fee payments to get discounts on...
Wrapped Bitcoin by Kraken: A New Era or a Risky Bet?
In the world of crypto, everything started with Bitcoin, so I’m starting with Bitcoin as well. Especially since some interesting things are happening with it right now. Did you know that Kraken is launching its own version of wrapped Bitcoin (kBTC)? It might not sound like a big deal, but Kraken isn’t the first major player recently showing interest in...
