Reforming the World Wide Web

Web 3.0 and Cryptocurrencies

Web 3.0 or else the Semantic Web refers to the third generation of the internet based on standards set by the WWW Consortium (W3C).

The Historical Background of Web 3.0

The term Semantic web was introduced by Tim Berners-Lee, the inventor of the World Wide Web. He said in 1999: “I have a dream for the Web [in which computers] become capable of analyzing all the data on the Web – the content, links, and transactions between people and computers. A "Semantic Web", which makes this possible, has yet to emerge, but when it does, the day-to-day mechanisms of trade, bureaucracy, and our daily lives will be handled by machines talking to machines. The "intelligent agents" people have touted for ages will finally materialize.”

The 3rd Annual Global Crypto Hedge Fund Report 2021 by PricewaterhouseCoopers

This is an interesting crypto research made by PwC Global Crypto, and released recently. The research provides a useful insight into the crypto hedge funds and their market behavior by comparing 2020 to 2019.

The 3rd Annual Global Crypto Hedge Fund Report 2021 by PricewaterhouseCoopers

The Crypto Research in Short

The research shows that currently there are between 150 and 200 active crypto hedge funds. Most of these crypto funds (81%) were launched between 2017 and 2020. The total assets under management (AUM) of crypto hedge funds increased to over 3.8 billion USD in 2020 from 2.0 billion USD in 2019.

Bitcoin & Ethereum Trader (2021)Bitcoin & Ethereum Trader (2021): Trading Bitcoin and Ethereum Based on Technical Analysis, Market Sentiment, and On-Chain Data

Throughout history, technology and innovation created investment opportunities, and the decentralization of the financial industry is the mother of all opportunities. Considering the rate of adoption and the network effect, Bitcoin and Ethereum have by far the best chances of success.

Buy it on Amazon for $4.23https://www.amazon.com/dp/B09DQ54897

More about the crypto trading eBook

The book “Bitcoin & Ethereum Trader” contains all the essential information about how to successfully trade the two dominant blockchain protocols, Bitcoin and Ethereum. It combines technical analysis with fundamentals, on-chain data, and market sentiment.

Created in 2017, EOS is the native cryptocurrency of the EOS.IO blockchain protocol. The platform offers smart contracts and decentralized applications (DApps) like Ethereum, Cardano, and Polkadot.

Block .one

The administrator of EOS is a private company called Block .one. The company was founded by Brenden Blumer and Dan Larimer, and it is a software firm specializing in blockchain technologies with 80 employees.

  • Block. one is one of the largest Bitcoin investors, owing 140,000 BTC worth today an estimated $5.6 billion.

 

The 2017 4 Billion Initial Coin Offering

EOS was created by Dan Larimer (Bitshares and Steem) and it is fully administered by Block .one. Larimer announced his resignation from his position as CTO on Block .one, in early 2021.

During its 2017 ICO, EOS raised a record of 4 billion US Dollars. Note, that in September 2019, Block .one agreed with SEC to settle charges related to the unregistered ICO for a $24 million penalty. The settlement is good news as many 2017 ICOs face problems with SEC, as Ripple.