Blog Writing Competition on Blockchain & Cryptocurrency 2021: Submit by May 9th

About the Blockchain & Cryptocurrency Blog Writing Competition

BuyUcoin is organizing India’s first Crypto essay/blog writing competition. This crypto article writing competition builds on BuyUcoin’s recent analysis and Realizing the Future of Blockchain and Cryptocurrency.

We are looking for your most inventive ideas, high-quality writing, and solutions to improve crypto education outcomes beyond the pandemic.

Submissions should include:

A strong blog or essay, that is no longer than 500 words.

Your name, age, profession, email, and country you live in.

Photos, videos, visualizations that help support your story, are optional.

Cryptocurrency & Blockchain Blog Writing Competition Prizes

The shortlisted entries will be published their crypto & blockchain article on the BuyUcoin Crypto-Labs with Author Credits (at its sole discretion) and,

Top performing blog will be given 2,500 INR, 

Second Top Performing Blog will Get 1,500 INR

and, the Third Top Performing Blog will get 1,000 INR. 

Based on restrictions during the pandemic BuyUcoin will also find additional, virtual ways to honor the winner in May 2021.

What is the Procedure of Judging your Article?

Entries will be judged by a high-level panel composed of senior officials at the BuyUcoin, and select partners. The full names of the judges can be made available on request. Judging will take place during May 2021 and winners will be contacted and announced in May 2021 on the BuyUcoin Official Channels (Twitter, facebook, Instagram, Telegram, Email and In-App Notifications), unless a winner objected to publication of their name at the time of entry.

Entries will be judged against originality, creativity, writing quality, and solutions presented. The judging panel’s decision is final, and no correspondence will be entered into. Winners will be contacted via the contact information provided with their submission.

Terms and Condition

Entries should be original content and cannot have been previously published or lifted from other sources. By submitting an entry, entrants grant to BuyUcoin a worldwide, perpetual, non- exclusive, royalty-free license to copy, edit, publish and use the entry, in whole or in part, and in any way, including for publishing on the BuyUcoin and CRypto-Labs blog platform sole discretion, without compensation to the entrant. Rights to edit copy where the publishers deem necessary is reserved although entrants will be fully credited.

Entries should be the work of the submitter and cannot be collaborative or written by a proxy.

Entries are only to be submitted in English.

There is no fee payable to enter the competition.

BuyUcoin is not responsible for (i) any incorrect or inaccurate information used in connection with the competition; or (ii) failures or errors that may occur in the administration of the competition. To the fullest extent permitted by law, BuyUcoin excludes liability and entrants agree to release and hold harmless BuyUcoin for any damage, loss, liability, or injury to person or property or for any claim arising as a result of your entry into the competition.

How to Submit?

Fill this form to submit your entry:

https://forms.gle/nAVYdRY87Kh3xjiE8

Submission Deadline

May 09, 2021

The Ethereum cryptocurrency has broken through the $3,000 barrier, setting a new high

On Monday, The Ethereum cryptocurrency (ETH) hit a record high of $3,017 (roughly Rs. 2.2 lakhs), extending a week-long rally fueled by reports that the European Investment Bank (EIB) may launch a digital bond sale on the Ethereum blockchain network.

The Ethereum cryptocurrency gained 2% on the Bitstamp exchange to reach the milestone early in Asia trade. It has risen more than 300 percent this year, outpacing the more popular Bitcoin’s 95 percent rise.

Ether is the digital currency or token that facilitates transactions on the Ethereum blockchain, and it is the second-largest cryptocurrency in terms of market capitalization after Bitcoin.

Bloomberg reported on Tuesday, citing unnamed sources, that the EIB intends to issue a two-year digital bond worth 100 million euros.

On Monday, Bitcoin was trading around $58,000 (roughly Rs. 43 lakhs).

In related news, Ethereum co-founder Vitalik Buterin recently donated 100 ETH and 100 MKR, totaling $606,110 (approximately Rs. 4.5 crores), to COVID-19 relief efforts in India.Ethereum, a 2014 open-source blockchain software, is used to build contracts on the blockchain and has recently received a lot of attention due to its use in the creation and transfer of non-fungible tokens (NFTs) — digital collectibles that can be uniquely identified and held by individuals.

Source : Gadegates

May 3 Daily report: Ethereum market cap hits $337 billion, Binance Smart Chain reaches new highs, Altseason indicator flips to Bitcoin, The Future of Money Is Bitcoin and CBDCs and India’s ‘Crypto Relief’ Covid fund

Ethereum market cap hits $337 billion, surpassing Nestle, P&G, and Roch

The value of the Ethereum network soared above major companies like Nestle and P&G after its market cap hit a new high at $337 billion. Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326 billion) and PayPal’s $308 billion.

Defi adoption on the Binance Smart Chain reaches new highs

Decentralized finance protocols on the Binance Smart Chain saw their token prices and total value locked rise toward new highs after a series of protocol upgrades and cross-chain integrations. Three projects on the BSC that have seen increases in trading volume, price and activity within their Defi protocols are Venus (XVS), PancakeSwap (CAKE) and Linear Finance (LINA).

Altseason indicator flips to Bitcoin even as Rally and Polygon surge

Crypto investors are scratching their heads this week, as a key indicator suggests that Bitcoin is about to take centre-stage once more — even as Cointelegraph Markets Pro subscribers had the opportunity to take major profits on altcoins such as Rally (RLY), Polygon (MATIC) and Ampleforth (AMPL).

30 April Ethereum, BitTorrent, and Theta Price Analysis

Although the Bitcoin market struggled to recover, Ethereum’s market was responsible for saving the altcoins from a bearish trend. Since its last decline on April 22nd, Ethereum has experienced a powerful surge of 32%. Since then, the digital asset has stayed near its peak value, with ETH recently attempting to set a new all-time high.

Theta Price Analysis

Theta price analysis, Theta’s stock has increased by 51% in the last week and is currently consolidating above $10.50. This amount has historically provided good support for the asset’s value, allowing it to maintain its higher value. THETA was trading at $11.08 at the time of publication, with the stock showing signs of uncertainty.

At the time of publication, the dominant theme was bullish. Money had begun to flow out of the market, and the Signal line was approaching a crossover, so the trend could reverse. This indicated that selling pressure was the, and the digital asset would need to stay in the $10 range for the time being.

Etheruem Price Analysis [ETH]

At the time of publishing, Ethereum was trading at $2,787, near to the $2,793 resistance mark. The price of the alt was sponsored at $2,662.43, with the Signal line and the 50 moving average providing additional support underneath the candlesticks. This digital asset’s journey has recently been bullish, as evidenced by the soaring demand.

Despite the rally, ETH has stayed close to the equilibrium region, implying that the market’s buying and selling pressures have been balanced, despite the fact that the buying pressure was marginally increasing. As ETH’s journey began, the Awesome Oscillator also indicated an increase in bullish pressure.

BitTorrent Price Analysis [BTT]

The asset has been consolidating for some time, according to BitTorrent’s map, and the alt is continuing this trend. The digital asset was trading at $0.0069, indicating that the market was still bullish. A drop in momentum, on the other hand, suggested a potential turnaround.

Since the indicators indicated the buying and selling pressures were tallied, the limited range of trading for BTT may make detecting a long-term trend difficult. However, the MACD indicator was showing a widening gap between the MACD line and the signal line, which could support the bullish pressure in the short term.

Source : AMBCrypto

May 1 Daily report: Bitcoin bulls attack $57,000 and altcoins rally, Ether Could Hit $10K, Cardano Blockchain Partnership, First Crypto ETF This Year and Polkadot DOT Trust

Bitcoin bulls attack $57,000 and altcoins rally as April comes to a close

Altcoins moved toward new highs and Bitcoin bulls attack $57,000 shortly after today’s uneventful $4.2 billion monthly options expiry. Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month’s $4.2 billion options expiry occurred without any signs of controversy. 

Ether Could Hit $10K, FundStrat Says, Touting Network Value Versus Bitcoin’s

“The crypto narrative is shifting from bitcoin to Ethereum,” wrote FundStrat, which placed a $10K price target on ETH for this year. Ether (ETH), the second-largest cryptocurrency by market cap, could see further gains towards $10,000 this year after reaching a new all-time high around $2,780 on Thursday – a roughly threefold increase forecasted by FundStrat, a market research firm.

Ethiopian Education Minister Confirms Cardano Blockchain Partnership

Ethiopia’s Minister of Education confirmed the government is working with IOHK, the company behind the Cardano protocol, on a blockchain-based system to track student performance in the African country’s schools. “This initiative is about bringing technology to improve the quality of education,” said the minister.

Australian Securities Exchange May Launch First Crypto ETF This Year

The ASX said it is “spending an enormous amount of time” on digital assets. The Australian Securities Exchange (ASX) may launch a cryptocurrency exchange-traded fund (ETF) by the end of this year, according to a report by Business Insider Australia, which cited multiple people familiar with the situation.

Valkyrie, Osprey Beat Grayscale to Market With Polkadot DOT Trust

Valkyrie is charging a 2% management fee on the fund, just under Osprey’s 2.5%. Valkyrie Digital Assets has launched a Polkadot fund with a novel twist. The investment vehicle will give clients access to the appreciation of the underlying DOT (+1.88%) tokens but also the 8% yield from Valkyrie staking the asset through Coinbase Custody.

Cryptocurrency Expansion in Africa

Cryptocurrency expansion in Africa Since Africa is seen as a third-world continent, it’s easy to ignore the impact of technology over time. Contrary to popular belief, Africa’s technology industry is growing and has improved dramatically over the last decade. Digitalization has had an effect on every sector in Africa and has helped the continent develop economically.

Cryptocurrency Expansion

Since the continent has seen rapid Cryptocurrency expansion in recent years, cryptocurrency transactions in Africa are worth highlighting. This is most likely due to their currencies’ depreciating value, and more young people are looking for other ways to protect and expand their money. Investing in and trading cryptocurrencies has proved to be one of the most successful ways to do so thus far.

Africa is ideal for virtual currency

One of the main reasons why cryptocurrency seems to be flourishing in Africa and will continue to do so is that the continent’s geography is ideal for adopting the virtual currency. For years, many Africans have struggled to gain convenient access to banking systems. Africans, in comparison to Westerners, find it difficult to move money around, especially outside the country. It can take days for an international transaction to be concluded.

To get around this, some people are turning to cryptocurrency, which helps them to complete cross-border transactions in minutes. This is particularly useful for traders who must pay for goods purchased from foreign merchants.Trading bitcoin allows them to pay their merchants in their native currency without having to deal with exchange rates, wait days, or pay exorbitant bank fees.There have also been instances where Africans have had to deal with cryptocurrency payments in order to sponsor protests.This is particularly useful when the government tracks down and shuts individual protest bank accounts. The EndSARS protest in Nigeria in 2020 is a good example.

Furthermore, Africa has recently been shown to have a rising number of tech talent.There are more startups than ever before, with some of them making significant progress recently. This includes the substantial sum of money they received in 2020. This increase in tech talent, especially among Africa’s youth, makes the continent fertile ground for technological opportunities, such as cryptocurrencies.

African cryptocurrency exchanges

Africa’s burgeoning tech talent wasn’t going to sit on the sidelines and wait for an opportunity to build a network that makes it easier for Africans to exchange cryptocurrency. Paxful, Luno, BuyCoins, and CoinDirect, among others, are common African crypto platforms. Other platforms with high-tech features, such as immediate edge, an AI-powered crypto trading platform, allow easy trading in Africa and beyond.

Conclusion

The adoption of cryptocurrency is steadily expanding across Africa, and there is much more to come. Tech behemoths such as Twitter CEO Jack Dorsey and Square have opted to invest in Africa, recognizing the potential for growth on the continent in the coming years. As crypto becomes more common across the world, more Africans can accept it and make the most of it.

Source : HansIndia