{"id":7261,"date":"2023-02-27T13:31:36","date_gmt":"2023-02-27T12:31:36","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=7251"},"modified":"2023-03-23T14:11:35","modified_gmt":"2023-03-23T13:11:35","slug":"cryptocurrency-is-dangerous-crypto-news-and-analysis","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-is-dangerous-crypto-news-and-analysis\/","title":{"rendered":"Is Cryptocurrency Dangerous &#8211; Crypto News &#038; Analysis"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-116-1024x576.png\" alt=\"Is Cryptocurrency Dangerous? - Crypto News &amp; Analysis\" class=\"wp-image-7254\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-116-1024x576.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-116-300x169.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-116-768x432.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-116.png 1440w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Is cryptocurrency dangerous? In an interview with CNBC, the CEO of Inrupt,<strong> John Bruce<\/strong>, and the co-founder of Inrupt,<strong> Tim Berners-Lee<\/strong>, took the opportunity to talk about the<strong> cryptocurrencies<\/strong>. It&#8217;s an area they don&#8217;t consider<strong> steady<\/strong>, to put it mildly.<\/p>\n\n\n\n<p>It must be said that Bruce and Berners-Lee positioned the Solid project (<strong> Social Linked Data<\/strong> ) as a direct competitor to web3. In fact, since 2015, the goal of Inrupt has been to transform the current functioning of<strong> web apps<\/strong>. This is intended to provide true data ownership and better privacy. Simply put, they want to create<strong> a decentralized web solution under user control<\/strong>. Does this remind you of anything? In fact, a similar definition can be given for DeFi-based Web 3 applications (<strong> Decentralized Finance<\/strong> ) and CAD (<strong> Decentralized Autonomous Organizations<\/strong> ). However, Bruce and Berners-Lee do not want to use blockchain technology.<\/p>\n\n\n\n<p>Nevertheless,<strong> Tim Berners-Lee<\/strong> and his compatriot<strong> John Bruce<\/strong> admit that the blockchain is a great way to transfer value in record time, when cryptocurrency is converted into fiat currency upon receipt to escape the<strong> volatility<\/strong>.<\/p>\n\n\n\n<p>The world of cryptocurrency is very volatile and dangerous to this day. It should be approached with extreme caution. But over the years, some solutions, such as<strong> Bitcoin<\/strong> And<strong> Ethereum<\/strong>, have proven, little by little, their resilience and their ability to change our future.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-is-dangerous-crypto-news-and-analysis\/#Adidas_and_cryptocurrency\" >Adidas and cryptocurrency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-is-dangerous-crypto-news-and-analysis\/#A_partnership_between_MultiversX_EGLD_and_Tencent_Cloud\" >A partnership between MultiversX (EGLD) and Tencent Cloud<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-is-dangerous-crypto-news-and-analysis\/#Crypto_of_the_week_%E2%80%93_Conflux\" >Crypto of the week &#8211; Conflux<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Adidas_and_cryptocurrency\"><\/span> Adidas and cryptocurrency  <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"600\" height=\"462\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-118.png\" alt=\"Adidas and cryptocurrencies \" class=\"wp-image-7256\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-118.png 600w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-118-300x231.png 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure><\/div>\n\n\n<p>Thus, by voice<strong><a href=\"https:\/\/www.nftparis.xyz\/speakers\/erika-wykes-sneyd#:~:text=Erika%20is%20the%20founder%20and,Community%20%26%20Activations%2C%20and%20Product.\" target=\"_blank\" rel=\"noreferrer noopener\"> by Erika Wykes-Sneyd<\/a><\/strong>, Director of Web 3 at<strong> Adidas<\/strong>, we now know that the 3-band company is looking to integrate cryptocurrency into its business. However, Erica says it&#8217;s not about setting up<strong> payments in cryptocurrencies<\/strong>. In fact, beyond this simple possibility, it is a question of highlighting the<strong> community<\/strong>.<\/p>\n\n\n\n<p>The company&#8217;s cryptocurrency experiments are nothing new. Remember. In December 2021, after purchasing its first NFT, adidas will launch its own collection of<strong> NFT BAYC<\/strong>. The operation pays off<strong> $23.4 million<\/strong>. It is not surprising that the box confirms the wishes of the test conversion.<\/p>\n\n\n\n<p>Erika Wykes-Sneyd then provides material for discussion. Some cryptocurrencies might even allow the company to offer unique services to owners or even be &#8220;<strong> whitelist for your favorite sneakers<\/strong> &#8220;. For example, owning a cryptocurrency grants privileged access to a brand&#8217;s collection. This experience<strong> community<\/strong> is not new either. Because the sports brand has been working on this image for over a year.<\/p>\n\n\n\n<p>The presence of Adidas in<strong> NFT Betting<\/strong> and the world present at the event (professionals and individuals) confirm the trends emerging at the start of 2023. Thus, Adidas, alongside<strong> Nike<\/strong> and other companies in the sports sector, confirms a shift to<strong> Web3<\/strong> which has been going on for several years. A new way to market, a new way to attract customers:<strong> NFTs do not seem dead, quite the contrary\u2026<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_partnership_between_MultiversX_EGLD_and_Tencent_Cloud\"><\/span>A partnership between MultiversX (EGLD) and Tencent Cloud<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"593\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-119-1024x593.png\" alt=\"cryptocurrency: A partnership between MultiversX (EGLD) and Tencent Cloud\" class=\"wp-image-7257\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-119-1024x593.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-119-300x174.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-119-768x445.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-119-1536x890.png 1536w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-119.png 2000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>MultiversX (EGLD)<\/strong>, formerly known as Elrond, last week announced a partnership with<strong> Tencent Cloud<\/strong>. The latter provides network infrastructure such as Google Cloud and Amazon Web Services (AWS) and is a subsidiary of Chinese telecommunications giant Tencent.<\/p>\n\n\n\n<p>It is therefore a prestigious partnership for MultiversX, which articulates this collaboration around three pillars of the ecosystem.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>xPortal: new identifier for the Maiar application.<\/li>\n\n\n\n<li>xFabric: &#8220;no-code&#8221; modules for creators.<\/li>\n\n\n\n<li>xWolrds: the metaverse of MultiversX.<\/li>\n<\/ul>\n\n\n\n<p>This partnership with MultiversX is a continuation of Tencent Cloud&#8217;s Web3 activity. Indeed, the latter already offers various services related to the<strong> blockchain<\/strong> and at<strong> metaverse<\/strong>.<\/p>\n\n\n\n<p>The objective of this cooperation is therefore that everyone benefits from the know-how of the other. Additionally, Tencent Cloud enhances this<strong> blockchain infrastructure<\/strong> thanks to its solutions: <\/p>\n\n\n\n<p>\u201cThe more than 10,000 servers that make up the MultiversX network will soon have a new high-performance, secure and reliable option to run on Tencent Cloud&#8217;s infrastructure services. Tencent Cloud is also planning to operate a validation node to directly contribute to the security of our network.\u2009\u00bb<\/p>\n\n\n\n<p>At the time of this writing, EGLD was trading at<strong> $49.76<\/strong>. Note that although this is close to<strong> 91%<\/strong> below the all-time high (ATH), the asset rose by more than<strong> 53%<\/strong> since its last major low. The MultiversX network counts<strong> 3,200 validators<\/strong> and near<strong> 63%<\/strong> existing EGLDs are used to secure it.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Crypto_of_the_week_%E2%80%93_Conflux\"><\/span>Crypto of the week &#8211; Conflux<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"852\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-120-1024x852.png\" alt=\"Crypto of the week - Conflux\" class=\"wp-image-7258\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-120-1024x852.png 1024w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-120-300x250.png 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-120-768x639.png 768w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-120-1536x1278.png 1536w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2023\/02\/image-120.png 1856w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Stacks is a so-called blockchain<strong> layer 1<\/strong> with its own consensus mechanism. However, it has a lot to do with the network<strong> Bitcoin<\/strong>. In fact, its consensus mechanism,<strong> Proof of Transfer<\/strong>, is tied to Bitcoin&#8217;s consensus mechanism. Among other things, this will allow the chain to take advantage of the security of Bitcoin while allowing greater programmability of transactions.<\/p>\n\n\n\n<p>Stacks blockchain aims to be the<strong> DeFi hub<\/strong> for Bitcoin. In addition, the blockchain allows for more complex transaction programming than Bitcoin. This programmability is similar to Ethereum via smart contracts. As part of the stack, a new language,<strong> Clarity<\/strong>, replaces the traditional Solidity used in EVM-compatible blockchains.<\/p>\n\n\n\n<p>With a Market Cap of<strong> 1,236,998,782<\/strong>, a price at<strong> 0.9049<\/strong>, the price undergoes this week an increase of<strong> 58.60%<\/strong>, causing it to rise to the<strong> 41st<\/strong> place in the CoinMarketCap ranking.<\/p>\n\n\n\n<p>Don&#8217;t forget to read our <strong><a href=\"https:\/\/walloftraders.com\/blog\/en\/\">news from last week<\/a><\/strong> !<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div class=\"wp-block-social-warfare-social-warfare\"><div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"7261\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Is+Cryptocurrency+Dangerous+-+Crypto+News+%26+Analysis&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-is-dangerous-crypto-news-and-analysis%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=Is+Cryptocurrency+Dangerous+-+Crypto+News+%26+Analysis&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-is-dangerous-crypto-news-and-analysis%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweet<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-is-dangerous-crypto-news-and-analysis%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-is-dangerous-crypto-news-and-analysis%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-is-dangerous-crypto-news-and-analysis%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-is-dangerous-crypto-news-and-analysis%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Share<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Fen%2Fcryptocurrency-is-dangerous-crypto-news-and-analysis%2F\" onClick=\"event.preventDefault(); \r\n\t\t\t\t\t\t\tvar e=document.createElement('script');\r\n\t\t\t\t\t\t\te.setAttribute('type','text\/javascript');\r\n\t\t\t\t\t\t\te.setAttribute('charset','UTF-8');\r\n\t\t\t\t\t\t\te.setAttribute('src','\/\/assets.pinterest.com\/js\/pinmarklet.js?r='+Math.random()*99999999);\r\n\t\t\t\t\t\t\tdocument.body.appendChild(e);\r\n\t\t\t\t\t\t\" ><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_pinterest_icon\"><\/i><span class=\"swp_share\">Pin<\/span><\/span><\/span><\/span><\/a><\/div><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>This article is not investment advice. Do your own research before investing in the cryptocurrency market.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is cryptocurrency dangerous? In an interview with CNBC, the CEO of Inrupt, John Bruce, and the co-founder of Inrupt, Tim Berners-Lee, took the opportunity to talk about the cryptocurrencies. It&#8217;s an area they don&#8217;t consider steady, to put it mildly. It must be said that Bruce and Berners-Lee positioned the Solid project ( Social &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Is Cryptocurrency Dangerous &#8211; Crypto News &#038; Analysis\" class=\"read-more button\" href=\"https:\/\/walloftraders.com\/blog\/en\/cryptocurrency-is-dangerous-crypto-news-and-analysis\/#more-7261\" aria-label=\"More on Is Cryptocurrency Dangerous &#8211; Crypto News &#038; Analysis\">Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":7267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-7261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Cryptocurrency Dangerous - Crypto News &amp; Analysis<\/title>\n<meta name=\"description\" content=\"Find the most interesting analyzes and Crypto news every week, today: Is cryptocurrency dangerous? 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