💸 Bitcoin investors have locked in the largest USD denominated Realized Loss in history last week.
@DeCenterOrg
@DeCenterOrg
🐶 Elon Musk, SpaceX and Tesla Inc. were sued for $258 billion over claims they are part of a racketeering scheme to back the cryptocurrency Dogecoin.
@DeCenterOrg
@DeCenterOrg
👀 The Bitcoin Puell Multiple🟧has fallen to the lowest levels since the Nov 2018 bear market crash.
Miners are currently earning just 39% of their 1yr average USD income.
The Difficulty Ribbon🟪 is also compressed, signalling miner stress and potential capitulation is on the horizon.
@DeCenterOrg
Miners are currently earning just 39% of their 1yr average USD income.
The Difficulty Ribbon🟪 is also compressed, signalling miner stress and potential capitulation is on the horizon.
@DeCenterOrg
💸 Big Players Like FTX Should Step in and Help Crypto Recover
Sam Bankman-Fried opined that crises in the sector like the ongoing situation could be solved with the help of the leading companies. In fact, he believes they need to dive into the issue even if it leads to short-term losses:
«I do feel like we have a responsibility to seriously consider stepping in, even if it is at a loss to ourselves, to stem contagion. Even if we weren’t the ones who caused it or weren’t involved in it. I think that’s what’s healthy for the ecosystem, and I want to do what can help it grow and thrive.»
Bankman-Fried reminded that FTX has already provided help on similar occasions. Last year, wrongdoers hacked the Japanese exchange Liquid and stole around $100 million worth of digital assets. Shortly after, FTX provided a $120 million in financing so the company could get back on its feet:
«We, I think about 24 hours later, stepped in and gave them a pretty broad line of credit to be able to cover all of their demands, to make sure customers were made whole while thinking about the longer-term solution.»
@DeCenterOrg
Sam Bankman-Fried opined that crises in the sector like the ongoing situation could be solved with the help of the leading companies. In fact, he believes they need to dive into the issue even if it leads to short-term losses:
«I do feel like we have a responsibility to seriously consider stepping in, even if it is at a loss to ourselves, to stem contagion. Even if we weren’t the ones who caused it or weren’t involved in it. I think that’s what’s healthy for the ecosystem, and I want to do what can help it grow and thrive.»
Bankman-Fried reminded that FTX has already provided help on similar occasions. Last year, wrongdoers hacked the Japanese exchange Liquid and stole around $100 million worth of digital assets. Shortly after, FTX provided a $120 million in financing so the company could get back on its feet:
«We, I think about 24 hours later, stepped in and gave them a pretty broad line of credit to be able to cover all of their demands, to make sure customers were made whole while thinking about the longer-term solution.»
@DeCenterOrg
🇨🇳 China’s WeChat bans crypto and NFT-related accounts
The top social media platform in China, WeChat, has updated its policies to ban accounts that provide access to crypto or NFT-related services.
Under the new guidelines, accounts involved with the issuance, trading, and financing of crypto and NFTs will be either restricted or banned and will fall under the illegal business category.
The policy also covers secondary NFT trading, with the firm noting that accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with in accordance with this article.
@DeCenterOrg
The top social media platform in China, WeChat, has updated its policies to ban accounts that provide access to crypto or NFT-related services.
Under the new guidelines, accounts involved with the issuance, trading, and financing of crypto and NFTs will be either restricted or banned and will fall under the illegal business category.
The policy also covers secondary NFT trading, with the firm noting that accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with in accordance with this article.
@DeCenterOrg
💷 Tether officially announced on June 22 that its upcoming GBP-pegged stablecoin, GBPT, will launch in early July and will initially support the Ethereum blockchain.
GBPT will be a stable digital currency pegged on the 1:1 ratio to the GBPT, aiming to provide a faster and cheaper option for asset transfers.
GBPT joins a family of four other fiat currency-pegged Tether tokens, including the largest stablecoin by market capitalization, USDT. Other stablecoins include the euro-pegged EURT, the offshore Chinese yuan-egged CNHT as well as the recently launched MXNT, the Mexican peso-pegged stablecoin.
@DeCenterOrg
GBPT will be a stable digital currency pegged on the 1:1 ratio to the GBPT, aiming to provide a faster and cheaper option for asset transfers.
GBPT joins a family of four other fiat currency-pegged Tether tokens, including the largest stablecoin by market capitalization, USDT. Other stablecoins include the euro-pegged EURT, the offshore Chinese yuan-egged CNHT as well as the recently launched MXNT, the Mexican peso-pegged stablecoin.
@DeCenterOrg
🐳 Someone transferred $90 918 000 in Bitcoin and paid a fee of $0.39.
That’s a transaction fee of 0.000000004289%.
No government bank or third party had to verify the transaction, nor could they have stopped, if they wanted to.
@DeCenterOrg
That’s a transaction fee of 0.000000004289%.
No government bank or third party had to verify the transaction, nor could they have stopped, if they wanted to.
@DeCenterOrg
📈 CZ: Bitcoin Could Chart New All-Time High in up to 2 Years
Changpeng Zhao — CEO of the world’s biggest crypto exchange Binance — believes it will take bitcoin between a few months and two years to reach its current ATH of nearly $70 000. He also predicted that the big cryptocurrency projects will survive the bear market, while small ones could be in trouble.
People might consider bitcoin’s price at $20K as a very low level, but observing the asset’s development during the years, they will realize it has progressed considerably:
«But you know, in 2018, 2019, if you told people bitcoin will be 20K in 2022, they would be very happy. In 2018/19, bitcoin was $3 000, $6 000.»
CZ is also optimistic that BTC will tap and even surpass its all-time high of over $69 000 registered last November. However, it might take up to two years before this occurs:
«I think given this price drop, from the all-time high of 69K to 20K now, it will probably take a while to get back. It probably will take a few months or a couple of years. No one can predict the future.»
@DeCenterOrg
Changpeng Zhao — CEO of the world’s biggest crypto exchange Binance — believes it will take bitcoin between a few months and two years to reach its current ATH of nearly $70 000. He also predicted that the big cryptocurrency projects will survive the bear market, while small ones could be in trouble.
People might consider bitcoin’s price at $20K as a very low level, but observing the asset’s development during the years, they will realize it has progressed considerably:
«But you know, in 2018, 2019, if you told people bitcoin will be 20K in 2022, they would be very happy. In 2018/19, bitcoin was $3 000, $6 000.»
CZ is also optimistic that BTC will tap and even surpass its all-time high of over $69 000 registered last November. However, it might take up to two years before this occurs:
«I think given this price drop, from the all-time high of 69K to 20K now, it will probably take a while to get back. It probably will take a few months or a couple of years. No one can predict the future.»
@DeCenterOrg
🔥 Football superstar Cristiano Ronaldo has signed an exclusive multi-year partnership with crypto exchange Binance.
The collaboration aims to introduce football fans to the Web3 ecosystem through global NFT campaigns.
@DeCenterOrg
The collaboration aims to introduce football fans to the Web3 ecosystem through global NFT campaigns.
@DeCenterOrg
🎲 Rollstars — exclusive iGaming platform with next-generation PvP games built on blockchain using their own 3D engine.
The team is working with the community to build a unique platform that could change the iGaming industry worldwide - today they launched a limited collection of 1000 NFT cards on TON, and 200 NFT can be bought without a whitelist.
These cards are used as a skin on the game's Rollstars platform, and also, they are backed by in-game currency. It's your choice to use the card in-game or withdraw it into real money. You can get up to $10,000 per card. Collection holders will get early access to the game platform and the opportunity to get a physical copy of their NFT.
By the way, you can get a limited number of NFTs for free:
- Subscribe to the channel
- Switch to the bot
- Invite at least 3 friends using the referral link.
💡 Read more about the project in the community @rollstars_en
The team is working with the community to build a unique platform that could change the iGaming industry worldwide - today they launched a limited collection of 1000 NFT cards on TON, and 200 NFT can be bought without a whitelist.
These cards are used as a skin on the game's Rollstars platform, and also, they are backed by in-game currency. It's your choice to use the card in-game or withdraw it into real money. You can get up to $10,000 per card. Collection holders will get early access to the game platform and the opportunity to get a physical copy of their NFT.
By the way, you can get a limited number of NFTs for free:
- Subscribe to the channel
- Switch to the bot
- Invite at least 3 friends using the referral link.
💡 Read more about the project in the community @rollstars_en
⛔️ On the 24th of June, the Horizon bridge connecting Harmony – a Layer-1 PoS blockchain built for native token ONE – to the Ethereum and Binance Chain ecosystem was hacked, leading to a loss of approximately $100 million in ETH.
@DeCenterOrg
@DeCenterOrg
💹 Uniq Guggenheim Collection (UNIQG) is a Swiss-based art token company backed by real collectibles. It allows demonstrating and selling your works via the project’s NFT platform designed by art experts and partners.
UNIQG wants to build a healthy, sustainable community. Guggenheim wants UNIQG to offer new opportunities in a "digital art house" for adolescents and adults.
The community and NFT ecosystem are the focus of the project, including incentives for users and the NFT marketplace.
🔥Buy UNIQG at P2PB2B and join the project’s community: p2pb2b.com/trade/UNIQG_USDT/🔥
🌐More info: uniqgtoken.com/
🌐Twitter: mobile.twitter.com/uniqgtoken
UNIQG wants to build a healthy, sustainable community. Guggenheim wants UNIQG to offer new opportunities in a "digital art house" for adolescents and adults.
The community and NFT ecosystem are the focus of the project, including incentives for users and the NFT marketplace.
🔥Buy UNIQG at P2PB2B and join the project’s community: p2pb2b.com/trade/UNIQG_USDT/🔥
🌐More info: uniqgtoken.com/
🌐Twitter: mobile.twitter.com/uniqgtoken
🇨🇫 The Central African Republic (CAR) president has announced the Bitcoin hub launch event will take place on July 3.
CAR’s Bitcoin adoption appears to closely follow El Salvador’s playbook. In September, the Central American country also established Bitcoin as legal tender, alongside its state-sponsored wallet Chivo.
Furthermore, El Salvador’s plans to build Bitcoin City are mirrored by CAR’s “crypto island” initiative – an ambitious project to create a unique investment location dedicated to crypto technology.
@DeCenterOrg
CAR’s Bitcoin adoption appears to closely follow El Salvador’s playbook. In September, the Central American country also established Bitcoin as legal tender, alongside its state-sponsored wallet Chivo.
Furthermore, El Salvador’s plans to build Bitcoin City are mirrored by CAR’s “crypto island” initiative – an ambitious project to create a unique investment location dedicated to crypto technology.
@DeCenterOrg
💸 MakerDAO looks to invest $500M into minimal risk treasuries and bonds
MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai (DAI) stablecoins into a combination of United States treasuries and bonds.
Following a straw poll in a governance Signal Request, the decentralized autonomous organization (DAO) members now must decide whether the dormant DAI should go entirely into short-term treasuries or split 80% into treasuries and 20% into corporate bonds.
MakerDAO is the governing body of the Maker protocol, which issues U.S. dollar-pegged DAI stablecoins in exchange for user deposits of Ether (ETH), Wrapped Bitcoin (wBTC) and nearly 30 other cryptocurrencies.
@DeCenterOrg
MakerDAO is currently voting on a proposal aimed at helping it weather the bear market and utilize untapped reserves by investing 500 million Dai (DAI) stablecoins into a combination of United States treasuries and bonds.
Following a straw poll in a governance Signal Request, the decentralized autonomous organization (DAO) members now must decide whether the dormant DAI should go entirely into short-term treasuries or split 80% into treasuries and 20% into corporate bonds.
MakerDAO is the governing body of the Maker protocol, which issues U.S. dollar-pegged DAI stablecoins in exchange for user deposits of Ether (ETH), Wrapped Bitcoin (wBTC) and nearly 30 other cryptocurrencies.
@DeCenterOrg
🐳 MicroStrategy has purchased an additional 480 BTC for ~$10 million at an average price of ~$20 817 per BTC.
MicroStrategy holds 129 699 Bitcoins acquired for $3.98 billion at an average price of ~$30 664 per BTC.
@DeCenterOrg
MicroStrategy holds 129 699 Bitcoins acquired for $3.98 billion at an average price of ~$30 664 per BTC.
@DeCenterOrg
🇨🇫 Central African Republic launches national cryptocurrency called «Sango Coin»
The country plans to use Sango Coin to create a crypto-based economy driven by private investment. This digital economic hub also includes the creation of a crypto island on the Oubangui River.
Hervé Ndoba, the country’s finance minister, also appeared at the event and stated that the national crypto is backed by bitcoin. It is, however, unclear the exact nature of the bitcoin-backing for Sango Coin.
@DeCenterOrg
The country plans to use Sango Coin to create a crypto-based economy driven by private investment. This digital economic hub also includes the creation of a crypto island on the Oubangui River.
Hervé Ndoba, the country’s finance minister, also appeared at the event and stated that the national crypto is backed by bitcoin. It is, however, unclear the exact nature of the bitcoin-backing for Sango Coin.
@DeCenterOrg
🦠 PennyWise crypto-stealing malware spreads through YouTube
A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions.
The cybersecurity company noted that the malware is being spread on YouTube mining education videos purporting to be free Bitcoin mining software.
The cybercriminals, or Threat Actors upload videos instructing viewers to visit the link in the denoscription and download the free software, whilst also encouraging them also to disable their antivirus software which enables the malware to run successfully.
The attacker had as many as 80 videos on their YouTube channel as of June 30 however, the channel identified has since been removed.
@DeCenterOrg
A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions.
The cybersecurity company noted that the malware is being spread on YouTube mining education videos purporting to be free Bitcoin mining software.
The cybercriminals, or Threat Actors upload videos instructing viewers to visit the link in the denoscription and download the free software, whilst also encouraging them also to disable their antivirus software which enables the malware to run successfully.
The attacker had as many as 80 videos on their YouTube channel as of June 30 however, the channel identified has since been removed.
@DeCenterOrg
💡 Voyager Digital files for Chapter 11 bankruptcy
Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.
Voyager's Chapter 11 bankruptcy filing indicated that it is on the hook for anywhere from $1 billion to $10 billion in assets to more than 100 000 creditors.
In a Wednesday statement, Voyager explained that the move is part of a Plan of Reorganization. When implemented, the plan would enable clients to reaccess their accounts again, and Voyager would “return value to customers.”
Voyager CEO Stephen Ehrlich stated in a July 6 tweet that under its proposed plan, customers with crypto in their account will receive a combination of crypto, proceeds from the Three Arrows Capital (3AC) recovery, common shares in the newly reorganized company, and Voyager tokens.
@DeCenterOrg
Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.
Voyager's Chapter 11 bankruptcy filing indicated that it is on the hook for anywhere from $1 billion to $10 billion in assets to more than 100 000 creditors.
In a Wednesday statement, Voyager explained that the move is part of a Plan of Reorganization. When implemented, the plan would enable clients to reaccess their accounts again, and Voyager would “return value to customers.”
Voyager CEO Stephen Ehrlich stated in a July 6 tweet that under its proposed plan, customers with crypto in their account will receive a combination of crypto, proceeds from the Three Arrows Capital (3AC) recovery, common shares in the newly reorganized company, and Voyager tokens.
@DeCenterOrg