Recent News on Cryptocurrency, Blockchain, and Finance | Yellow.com

Litecoin has seen a rapid surge in active addresses. It is the most widely used cryptocurrency in the world right now. Bitcoin and Ethereum are shamed and stand quietly by. According to data from the on-chain analytics firm Santiment, the Daily Active Addresses have recently seen a big jump for LTC. This metrics refers to an indicator that keeps track of the total number of addresses taking part in some transaction activity on the network daily. It takes into account both senders and receivers and only counts the unique number of such addresses. In general, this indicator may be used as a proxy for the amount of traffic the Litecoin blockchain receives. So, the more addresses are making moves on the network, the higher is the interest in the asset. In May alone, the Litecoin Daily Active Addresses have observed extraordinarily high values. The average quantity of active Litecoin addresses in April was around 345,000. And in May it spiked to a whopping 700,000. “More people using Litecoin than any other crypto right now!” notes the official LTC X account. Litecoin has historically been one of the most popular cryptocurrencies. Unlike Bitcoin, Litecoin offers really cheap and blazingly fast transactions. Meanwhile, LTC’s price has been stagnant for a while. It seem that users don't like to store value in Litecoin. They see it as the payment means and nothing more.

Donald Trump, a Presidential candidate and a felon, met some crypto miners and made some unbelievable statements. Bitcoin to be Made in USA, he said. As Yellow.com already highlighted, Trump wants to be America's first Bitcoin President. He started with accepting crypto donations for his campaign. Now he is going even further than that. According to Cointelegraph, Trump showed his support for the crypto mining industry after executives pitched him on how they could strengthen the electrical grid and create new jobs. Trump claims that “all the remaining Bitcoin to be MADE IN THE USA!!!” as it would help the country be “energy dominant.” The ex-president also mentioned the dangers of CBDC (central bank digital currency). Trump thinks Bitcoin is the country’s “last line of defense” against CBDC. This bold statement comes despite the fact that Federal Reserve Chair Jerome Powell said in March the U.S. was “nowhere near recommending or let alone adopting a central bank digital currency in any form.” Trump might be referring to some of his supporters. They often claim that Joe Biden's hatred towards cryptocurrencies helps China, Russia and radical communists. For instance, Biden has proposed a 30% electricity tax on Bitcoin miners in the country. Miners aren't happy, to say the least.

Apple unveils ‘Tap to Pay’ feature for seamless transactions between iPhones. It is based on a popular crypto project Ripple (XRP). And if true, this is a major shift in mass crypto adoption. No wallets with unpronounceable addresses required. According to a recent Binance post, Ripple released an ad to showcase how iPhone users could simply place their iPhones towards one another to seamlessly transact funds. How it works? Well, if you've been an Apple fan for all these years, you won't be surprised. Apple is always looking for the ways to simplify advanced technologies. In this case, tech giant has unveiled a Payment Request API for its Apple Pay payment system. API is based on Ripple’s Interledger extension. Ripple is one of the oldest and most influential cryptocurrencies out there. Though you probably don't hear as much about it as you do about Dogecoin or Ethereum. Not to mention the elephant in the room, her majesty's Bitcoin. Yet, Ripple is often sees as a force that might provide such a necessary breakthrough in crypto's mass adoption. Ripple is an open-source, peer-to-peer decentralized platform. Its main feature is a seamless transfer of money in any form. In other word, it's about fast exchange of any money, be it dollars, yen, euros, or cryptocurrencies like Bitcoin. Ripple works on a consensus ledger rather than a proof-of-work system like Bitcoin. So Ripple's blockchain doesn't require energy savvy mining to function. But Apple was probably enchanted by another feature that Ripple's blockchain possesses. of course, it's the blazing speed. Ripple transactions are 2nd fastest out there. Only Solana is faster. Yet, Apple chose Ripple. Probably because of the low fees and security, and the overall reputation that Ripple possess, as of now. XRP holders are seeing Apple's decision as a sign of an imminent bull run. But XRP is yet to show market's reaction to the exciting partnership between Apple and XRP. At the moment of this writing, no surge has been detected.

Famous investor Bill Miller says he’s “still betting on Bitcoin.” The leading crypto has enormous potential to rise despite currently trading close to all-time highs, the billionaire thinks. In his recent blog post, Miller claims that Bitcoin’s “intrinsic value” is “many multiples” of its market cap today. “I believe that continuing to ignore Bitcoin will serve those who do it over the next decade as well as it has over the past one - not well,” he concluded. Moreover, Miller claims that BTC is at the center of a “secular shift around how humans think about capital and its governance.” According to Miller, Bitcoin has a very simple promise. This is the promise of freedom. Because someone’s purchasing power should not be controlled by an authority tied to the circumstances of one’s birth, Miller claims. With all that said, Miller comes to a conclusion that Bitcoin’s $1.5 trillion market cap is just a small fraction of a percent of its total addressable market. Blockchain-based accounting is “far superior” to all fiat alternatives, the investor added. These revelations come as no surprise. Miller has been one of Bitcoin’s most vocal high-net-worth proponents for many years. Back in 2015 - when Bitcoin was far from the popularity it has now - Miller Value Partners published “A Value Investor’s Case For Bitcoin.” In this publication Miller stated that Bitcoin “could have enormous upside if it catches on” as a store of value similar to gold. Also Miller was one of the first influencers who claimed Bitcoin could go as far as to $314,000 per coin. It seems bold even now, when we are stuck with BTC price below $70,000 for weeks. What can we say about the times when one Bitcoin could change hands for $500? “Humans are notoriously bad at contextualizing the relevance and potential of new technologies,” Miller said back then. Anyone who is even vaguely familiar with Miller's bio could agree the man has a talent. When he was a beginning investor, his portfolio outperformed the stock market for fifteen straight years - from 1991 to 2005. He literally became a legend after buying Amazon stocks in 1997. Those bad boys skyrocketed over 205,000% since.

Bitcoin has the longest consolidation period ever. The leading cryptocurrency is stuck around $70,000 and some analysts say it is for good. The bull cycle is far from over, they claim. For instance, popular crypto analyst and trader Mags highlighted that current consolidation phase of BTC is the longest in its history. But that only means we are in the midst of an ongoing bull cycle, Mags says. According to him, this extended period of consolidation often precedes substantial volatility, which raises the possibility that Bitcoin could be preparing for a big comeback. According to Mags, before entering price recovery, BTC often consolidates around its all-time highs, as seen in past bull cycles. However, the current consolidation is the longest of all of them. As of now, for a record-breaking amount of time (87 days), Bitcoin has been trading in an extremely narrow range. That has never ever happened before. Consolidaton periods usually last from 20 to 40 days, tops. During the 2021 bull cycle, BTC consolidated for about 48 days before breaking out on the upside. Also, in 2020, BTC witnessed a 21-day consolidation period before regaining its upward momentum. Current consolidation has already taken twice longer than was expected. And Mags claims there will be a huge upside rise whenever the price breaks out of this stabilizing phase. And he is not alone in this belief. Another famous crypto expert Milky Bull sounds very positive about BTC surging in the near future. “The longer the consolidation the higher it moves when it breaks out,” the expert says. Milky Bull is ready to go as far as to predict that Bitcoin will break out to the $85,000 price level. And then go even higher, up to the $110,000 mark.

Solana meme coin Michi jumped 18% early Monday after our beloved celebrity Ariana Grande shared the meme that inspired the coin on her Instagram story. “I think the boy is hers, [I don’t know],” the post reads, followed by the image of the meme. The Michi meme was edited to hold a pink “love potion,” alongside posters of a man adored with kiss prints on the wall. That's the work of a Grande fan account in reference to a music video the pop star released for her single “The Boy Is Mine.” It’s unlikely that someone hacked Grande's account, as she’s continued with her normal social media activity. For instance, she posted a happy birthday message to her mom. “Hey it’s me,” a Michi Solana Instagram account commented shortly afterwards. According to data from CoinGecko, the jump wasn't provoked by the star's post itself. The momentum was gained a bit later. In the eight hours that followed Grande’s repost, Michi only moved up 3% to $0.22. Enter the pseudonymous crypto influencer Ansem. Yes, you're right, he is the guy who previously helped propel hyped coins like Dogwifhat. Ansem highlighted Grande’s repost on his Twitter. And then Michi chart spiked 18% to $0.26 in just an hour. Ariana Grande isn't the only star to venture into mem coins world. Recently, media personality Caitlyn Jenner launched two meme coins. Australian rapper Iggy Azalea debuted her meme coin MOTHER with the ability to buy smartphones with it. And even infamous former kickboxer Andrew Tate set out on a meme coin spending spree late last week.

Coinbase is going to provide better insights into blockchain and crypto adoption. In a recent announcement, the company introduced a new metric designed to offer a clearer picture of blockchain usage and its growth trajectory. This metric will focus on real-world usage rather than just speculative trading volumes. The system is called the "Blockchain Activity Index" (BAI). What's wrong with the existing tools to measure market activities? Coinbase emphasizes that current metrics are overly reliant on market movements. And that is misleading. The BAI aims to incorporate various data points, such as transaction volumes, active addresses, and decentralized application (dApp) usage, to give a holistic view of blockchain adoption. This move aims to address the limitations of existing metrics that often fail to capture the full scope of blockchain activity. Paul Grewal, Coinbase's Chief Legal Officer, highlighted the importance of this new metric. He noted that understanding true blockchain adoption requires looking beyond price speculation. The BAI, according to Grewal, will provide a more accurate representation of how blockchain technology is being used across different sectors. The introduction of the BAI comes at a crucial time. The crypto market is evolving, and there’s a growing need for reliable data to inform decisions. Investors, policymakers, and developers are all seeking better tools to assess the blockchain landscape. Coinbase’s new metric could be a significant step toward meeting this demand. Coinbase plans to roll out the BAI in phases. BAI will focus on major blockchains like Bitcoin and Ethereum. Later the metric will expand to include other prominent blockchains. This phased approach ensures that the index is robust and reliable from the start, the company claims. Coinbase intends to make the index available to the public, offering regular updates and detailed insights. This openness is expected to foster greater understanding and trust in blockchain technology. Experts agree that as the industry matures, accurate and comprehensive metrics will become increasingly vital. The BAI might play a pivotal role in this evolution. Stakeholders will get more precise information they need to navigate the complex world of blockchain and crypto.

Shiba Inu fans are worried. There's trouble brewing in the crypto world again. A new wallet scam is targeting Shiba Inu community. It's a nasty one, and you need to stay sharp to avoid falling victim. We know about it thanks to Shibarmy Scam Alerts, an X (formerly Twitter) account dedicated to exposing scams within the SHIB community. On June 8, the scam tracker issued an urgent warning about a new wallet scam targeting SHIB token holders. Most of these malicious sites are typically distributed within different social media platforms such as X, discord, telegram and more. So, what’s the deal? Scammers are luring in Shiba Inu holders with promises of juicy rewards. These rewards come at a steep price – your SHIB tokens. It’s a classic bait-and-switch. The scam works like this: you receive a message or see a post about a special wallet that offers incredible benefits. These malicious attackers claim that users need to connect their wallet accounts to collect rewards or resolve technical issues involved with liquidity pools. The wallet connection tools also deceive SHIB holders into thinking that connecting their wallets via certain links is necessary for syncing with the Shiba Inu network Too good to be true? Exactly. These wallets are designed to steal your tokens. Once you transfer your SHIB, it’s gone. How can you avoid it? First, be skeptical of too-good-to-be-true offers. If someone’s promising the moon, they’re probably after your tokens. Always double-check the source. Official channels are your best bet. And, of course, official wallets and those with established reputation are the best choice. Next, safeguard your wallet info. Never share your private keys or seed phrases. Not with anyone. Legit platforms will never ask for this info. Remember, if you lose control of your keys, you lose control of your tokens. Also, stay updated with community alerts and news outlets. Follow trusted sources (like, yellow.com) and keep an eye on the latest news. If there’s a scam making rounds, you’ll hear about it. Knowledge is power in the crypto world. Lastly, help spread the word. Tell your fellow Shiba Inu enthusiasts about this scam. The more people know, the harder it becomes for scammers to succeed.

Passive income in crypto sounds like a dream, right? You do nothing, and your holdings just keep growing. As easy as it sounds, it requires some knowledge. Let's figure out what you need to know. One thing's for sure: passive income is the holy grail of financial freedom. Traditional banks offer it too. But the yields are so low, you probably die before you start noticing any serious shifts in your wealth. Well, enter the magical powers of blockchain technology. Passive income in crypto is real. And it is easier than you imagine it. Unlike some other sites who offer similar articles that need to be deciphered like The DaVinci Code, we will stick to the least complicated explanations possible. Bear with us, understanding passive income in crypto has never been easier. What is Passive Income in Crypto? Before diving into the juicy details, let's break down what passive income in crypto actually means. Passive income is money earned with little to no effort. Simply put, you don't have to work. Your funds work for you. Bringing you income without efforts from your side. In the real world this effect can be achieved by putting your money in the bank. In the crypto world, this can take various forms, from staking to yield farming. The beauty of it is that your digital assets generate income without you having to actively trade or manage them. In simpler terms, think of your crypto holdings as a fruit tree. Instead of chopping it down for firewood (active trading), you nurture it, and it bears fruit season after season (passive income). Now, let's explore the top 10 ways to grow your crypto tree and enjoy its fruits. 10 Ways to Earn Passive Income in Crypto in 2024 1. Staking Staking is like putting your crypto to work by helping to secure a blockchain network. In return, you earn rewards. Imagine you have a special apple tree. You promise not to touch it for a while, and in return, you get extra apples as a reward. How it works: You lock up your crypto in a wallet to support network operations. Your staked assets help validate transactions. You earn rewards, usually in the form of more crypto. Takeaways: Easy entry point for passive income. Rewards vary depending on the network. Requires minimal effort once set up. 2. Yield Farming Yield farming, also known as liquidity mining, involves lending your crypto to decentralized finance (DeFi) platforms in exchange for interest or additional tokens. It is becoming more and more popular as a way to earn passive income in crypto. You give your bananas to a friend who runs a fruit stand. They use your bananas and give you a share of their fruit earnings. How it works: Provide liquidity to a DeFi protocol. Earn a portion of transaction fees and rewards. Rewards can be compounded for higher returns. Takeaways: Higher potential returns compared to staking. Involves more risk due to market volatility. Requires some knowledge of DeFi platforms. 3. Crypto Savings Accounts Think of crypto savings accounts like traditional bank accounts but with better interest rates. You deposit your crypto and earn interest over time. You put your oranges in a safe place, and over time, you get extra oranges just for keeping them there. See? This is a safe way to earn passive income in crypto. How it works: Deposit your crypto into a savings account on a platform like BlockFi or Celsius. Earn interest paid out regularly, often monthly. Interest rates can be significantly higher than traditional savings accounts. Takeaways: Simple and straightforward. Low risk, especially with stablecoins. Check platform credibility before depositing. 4. Lending Platforms Lending platforms allow you to lend your crypto to others in exchange for interest payments. You let someone borrow your grapes. They promise to give you back more grapes later. Borrowing was one of the first financial tools the humanity invented. And it is still viable. Now in the world of crypto. How it works: Deposit your crypto into a lending platform like Aave or Compound. Borrowers take loans using your crypto as collateral. You earn interest on the loan. Takeaways: Consistent returns with minimal effort. Platform reliability is crucial. Interest rates vary based on demand. 5. Masternodes Running a masternode involves maintaining a full node of a blockchain and performing specific tasks to help the network. In return, you earn rewards. Imagine this, you become the boss of an orange orchard, helping it run smoothly. In return, you get a share of the oranges it produces. How it works: Set up and maintain a masternode on networks like Dash or Zcoin. Perform network operations like transaction validation and governance. Earn regular rewards for your contribution. Takeaways: Higher initial investment and technical know-how required. Can provide substantial returns. Ongoing maintenance is necessary. 6. Crypto Dividends Some cryptocurrencies pay dividends to holders, similar to stocks. By holding these cryptos, you can earn regular payouts. You have a special type of apple that gives you a bit more apple every few months. How it works: Buy and hold dividend-paying cryptocurrencies. Receive regular payouts, often in the form of additional tokens. Payout frequency and amount vary by token. Takeaways: Passive income with little effort after the initial purchase. Research required to find reliable dividend-paying cryptos. Dividends can fluctuate with market conditions. 7. Airdrops Airdrops are free distributions of new tokens to existing crypto holders. It's like getting free samples at the supermarket but with crypto. Imagine someone throws free bananas to everyone who has a certain type of apple. You just catch them! You aren't going to get a fortune by airdrops. But if you are patient enough, some of the tokens you get this way will eventually skyrocket. How it works: Hold a specific cryptocurrency during the airdrop snapshot. Receive new tokens in your wallet. Sell or hold the new tokens for potential gains. Takeaways: Completely free passive income. Requires being aware of upcoming airdrops. Value of airdropped tokens can vary widely. 8. Crypto Mining Mining involves using computing power to solve complex algorithms and validate transactions on a blockchain. In return, miners earn rewards. Well, how do you explain mining to a 10-year old? You have a machine that digs up buried treasure (fruit). The more it works, the more fruit it finds. How it works: Set up and run mining hardware or join a mining pool. Validate transactions and add them to the blockchain. Earn rewards, typically in the form of new crypto. Takeaways: Requires significant initial investment in hardware. Ongoing electricity and maintenance costs. Rewards can be substantial with the right setup. 9. NFT Royalties Non-fungible tokens (NFTs) can generate passive income through royalties. Creators earn a percentage of sales each time their NFT is resold. Now this one is easy. Imagine you make a cool drawing of a banana. Every time someone buys it from another person, you get a small piece of the sale. How it works: Create and sell an NFT with royalty terms. Earn a percentage of sales each time the NFT is resold. Royalties are automatically paid to the creator. Takeaways: Great for artists and creators. Income depends on the popularity of the NFT. Requires creating desirable digital assets. 10. Crypto Cashback Crypto cashback programs reward you with cryptocurrency for making purchases. It's like getting a discount. But in crypto, of course. Back to our fruit analogies. Every time you buy something, you get a little bit of fruit back as a thank-you gift. How it works: Use a crypto cashback credit card or platform. Make purchases and earn a percentage back in crypto. Rewards are deposited into your account. Takeaways: Easy way to earn crypto without extra effort. Check the terms and rewards rates. Best suited for regular spenders. Final Takeaways So there you have it, folks. We have just outlined the most exciting ways to earn passive income in the crypto world in 2024. Read carefully and you will see, we've got something for everyone there. From staking and yield farming to NFTs and cashback rewards. At least some of those will be suitable for you. The best part? Once you set up your passive income streams, you can sit back and relax. Just watch your crypto assets grow. Diversify your passive income strategies for better returns. Research and choose reliable platforms and networks. Stay updated with market trends and new opportunities. Just be careful to choose wisely. And do your research. Before investing. Not afterwards. Whether you're looking to supplement your income or achieve financial freedom, these passive income methods can help you make the most of your crypto investments.

Notcoin just hit a major milestone. The hot new crypto based on a Play-to-Earn game on Telegram messenger has its player base has exploded to a whopping 40 million. And with this surge in players, Notcoin's value jumped 6%. Players on Telegram have earned $1.5 million across 20 campaigns, according to the project's Twitter account. The crypto-gaming world is buzzing with excitement. Notcoin’s integration with popular online games has really paid off. Players on Telegram are earning and trading Notcoin like never before. This massive growth in users shows just how popular Notcoin is becoming. Why the big jump? Well, it’s all about the games. The games that use Notcoin are super engaging. They’re attracting a lot of new players. And these players are sticking around. They love earning Notcoin as they play. It's a fun way to earn crypto, and it's proving to be very popular. This seamless integration is key. Players, who are basically the regular Telegram users, don’t need to be crypto experts to get started. They just play the games they love and earn Notcoin along the way. The recent 6% price increase is no surprise. More players mean more demand for Notcoin. As the player base grows, so does the value of the coin. It’s a simple case of supply and demand. And right now, demand is through the roof. What’s next for Notcoin? With 40 million players, the sky’s the limit. The developers are planning even more game integrations. This could bring in even more players. And as the player base grows, so too could the value of Notcoin.