Hey, Your Crypto Newsletter for April 03, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...](  [The bit by bit rise of Cryptocurrency]( Bitcoin has been on a rampage — its price crossed a record high of $59,000 last month. The world’s most prominent cryptocurrency has been on a bull run in the last 12 months, with its value going up by over 80 per cent during the period. The steep rise in the value of virtual currency has made it a hot topic of debate among analysts and investors all over the world. Its recent rally is being attributed to the growing acceptance by prominent organisations to use it as a mode of payment. Tesla recently bought $1.5 Billion in Bitcoin and is also accepting it as a mode of payment. PayPal allowed its US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally. Even Visa has announced that it will allow the use of the cryptocurrency USD Coin — a stable coin cryptocurrency whose value is pegged to the US dollar — to settle transactions on its payment network. Visa has launched the programme with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year.  Visa’s move comes as major financial firms in the US including BNY Mellon, BlackRock and Mastercard have embraced some digital coins, fueling speculations that cryptocurrencies may become a regular part of investment portfolios. But there are some ifs and buts to that. Cryptocurrencies are still considered to be risky and not very transparent. The major reason being they are decentralised so customers and merchants can transfer wealth between one another without having to go through banks. There are a fixed number of bitcoins and they are traded and registered on a ledger that is not part of the banking system or visible to regulators. [Read More](   [Top 3 common misconceptions about blockchain]( There has been quite some talk about blockchain in the last decade and much ink has been spilled to give a definition.  Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.  Blockchain technology has been a major disruptive force over the last couple of years. Its ability to guarantee transparency and eliminate intermediaries all the while ensuring the security of all sorts of transactions made it resist and overcome the initial skepticism of both the general public and especially financial institutions. And despite promising adoption rates and favourable feedback, blockchain is still relatively new compared to the systems it is designed to replace. Additionally, its complexity coupled with bad PR led by traditional financial entities (out of fear of losing ground to the technology) meant some myths, misconceptions and controversies arose and are now inevitably associated with blockchain.  “Blockchain and cryptocurrencies are basically the same thing” Ever since the introduction of Bitcoin in 2008, the terms blockchain and cryptocurrency have been used interchangeably. However, they don’t mean the same thing – despite their strong ties. To figure out the difference, let’s first define each term: [Read More](    [Cryptocurrency Mining Could Destroy PC Gaming as We’ve Known It](  According to a recent report, Nvidia is increasing the supply of GTX 1650 cards to the desktop consumer market after having prioritized the GPU for notebooks. This is good news. The GPU market is so overheated, we’re currently recommending readers look at cards like the eight-year-old R9 290 or R9 290X if they have to buy one. Any improvement in this situation, including increased availability of low-end cards so that people have something to purchase, is a positive development.  Increased availability of a bottom-end Turing with no ray tracing capability, or a relaunched GTX 1050 Ti, however, is not exactly what PC gaming is supposed to deliver. Supplies of Ampere and RDNA2 GPUs remain extremely tight, with recent reports from ODMs such as Asus and MSI stating the situation has gotten worse. Some of these problems are reportedly caused by yield issues at Samsung, some by the pandemic-driven semiconductor shortage, and some by new demand in cryptocurrency mining. It isn’t clear how much responsibility should be assigned to each, but reports now indicate the GPU shortage might not improve until 2022.  Shortages are tolerable in the short term. So long as your GPU doesn’t die outright, it’ll keep offering acceptable performance in older titles, and plenty of people have a backlog of older games they’ve never played. In the short term, cryptocurrency mining is an annoyance. In the long term, it could be an existential threat to PC gaming as we’ve known it since the invention of the GPU. I am not arguing that PC gaming would die — I don’t see that happening — but it could change a great deal, and not for the better. [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on Facebook and Twitter [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. 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