Hey Folks, today let's talk about an NFT project that is sure to disrupt the Metaverse.
CryptoBear Watch Club (CBWC) is a collection of 10,000 exclusive NFT collectibles that will live on the Ethereum Blockchain. But that's only the beginning. CBWC has lined up a slew of giveaways, airdrops and other rewards for those who hold their NFTs.
What makes CBWC an unmissable opportunity?
Too many advantages to list. But here's a short summary.
1) All CBWC NFT hodlers are eligible to win high-end watches worth USD 1 000,000. We're taking free high-end watches to be given away each month.
2) Planet Arkouda is central to the CBWC game. It's a 6x6 plot in Sandbox where your 3D-enabled CBWC Avatars can roam free.
3) CBWC is building a digital club in Sandbox for members only. Watch connoisseurs will find this hard to ignore.
4) Hodling your NFTs will earn you Arkouda tokens and royalty paybacks. We say nay to flippers.
5) For those eager to activate their inner warrior, play-to-earn MMORPG games will be available soon.
The whitelist is filling up. The community is growing. The mint date is close. Rethink your NFT game and join the Discord: https://discord.gg/fdxxBU9jPv
CryptoBear Watch Club (CBWC) is a collection of 10,000 exclusive NFT collectibles that will live on the Ethereum Blockchain. But that's only the beginning. CBWC has lined up a slew of giveaways, airdrops and other rewards for those who hold their NFTs.
What makes CBWC an unmissable opportunity?
Too many advantages to list. But here's a short summary.
1) All CBWC NFT hodlers are eligible to win high-end watches worth USD 1 000,000. We're taking free high-end watches to be given away each month.
2) Planet Arkouda is central to the CBWC game. It's a 6x6 plot in Sandbox where your 3D-enabled CBWC Avatars can roam free.
3) CBWC is building a digital club in Sandbox for members only. Watch connoisseurs will find this hard to ignore.
4) Hodling your NFTs will earn you Arkouda tokens and royalty paybacks. We say nay to flippers.
5) For those eager to activate their inner warrior, play-to-earn MMORPG games will be available soon.
The whitelist is filling up. The community is growing. The mint date is close. Rethink your NFT game and join the Discord: https://discord.gg/fdxxBU9jPv
Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’
The Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC).
According to the Telam news agency, the Banco Central de Bolivia (BCB) has issued a “prohibition” on crypto in the country and “warned that users of these digital securities” could be in line to experience financial losses or fall victim to “scams” – as they are “not trustworthy” in nature.
The bank said, in an official statement:
“As cryptoassets are not a legal tender in Bolivia, the BCB prohibits their use, as well as their commercialization and purchase, because they incur potential risks of generating economic losses to their operators and holders.”
Although the BCB does not seem to have attempted to criminalize holding or trading crypto, it appears keen to shut the door on all businesses and brokers seeking to provide crypto-related services in Bolivia.
The bank explained:
“Private initiatives related to the use and commercialization of ... cryptoassets may not be operated through the Bolivian financial system. They do not operate with the authorization of the BCB or the regulatory Financial System Supervision Authority.”
The BCB added a further warning about the dangers of investing in crypto projects and justified its move, stating that its “ban” would “protects against risk, fraud, and scams” that ordinary Bolivians might otherwise be exposed to.
The bank has lashed out at crypto before. Back in December 2020, in the wake of that year’s general election, it issued a resolution aiming to “prohibit the use of cryptoassets in the domestic market.”
This warning appears to have fallen on deaf ears, however, with multiple media outlets noting that social media campaigns promoting crypto-related services had been circulating in the country in the months since its announcement.
The Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC).
According to the Telam news agency, the Banco Central de Bolivia (BCB) has issued a “prohibition” on crypto in the country and “warned that users of these digital securities” could be in line to experience financial losses or fall victim to “scams” – as they are “not trustworthy” in nature.
The bank said, in an official statement:
“As cryptoassets are not a legal tender in Bolivia, the BCB prohibits their use, as well as their commercialization and purchase, because they incur potential risks of generating economic losses to their operators and holders.”
Although the BCB does not seem to have attempted to criminalize holding or trading crypto, it appears keen to shut the door on all businesses and brokers seeking to provide crypto-related services in Bolivia.
The bank explained:
“Private initiatives related to the use and commercialization of ... cryptoassets may not be operated through the Bolivian financial system. They do not operate with the authorization of the BCB or the regulatory Financial System Supervision Authority.”
The BCB added a further warning about the dangers of investing in crypto projects and justified its move, stating that its “ban” would “protects against risk, fraud, and scams” that ordinary Bolivians might otherwise be exposed to.
The bank has lashed out at crypto before. Back in December 2020, in the wake of that year’s general election, it issued a resolution aiming to “prohibit the use of cryptoassets in the domestic market.”
This warning appears to have fallen on deaf ears, however, with multiple media outlets noting that social media campaigns promoting crypto-related services had been circulating in the country in the months since its announcement.
After a successful listing round on DEXs, PureFi’s native token $UFI is listing tomorrow at 8:00 UTC on the best CEX, Gate.io 🥳
The initial CEX listing with Gate.io will make $UFI available to buyers worldwide and make it accessible to anyone who shares the vision for a promising, secure, and connected world 🌎
It comes as no surprise that the CEX choice was obvious since Gate.io is famously known for being one of the TOP CEXs in the whole world 💸
👉🏼👉🏼 Why should you invest in PureFi starting from tomorrow?
PureFi is the only DeFi compliance protocol for mitigating risks of interacting with high-risk illicit assets and onboarding institutional investors into DeFi.
It aims to provide a full-cycle solution for crypto asset analytics and AML/KYC procedures on the DeFi market.
PureFi within a set of smart contracts will connect KYC/AML providers with DeFi users and Dexs/Defi projects to provide crypto assets analytics and protect honest DeFi market players from “dirty money” risks.
✅ Website
✅ Twitter
✅ Telegram
✅ Medium
The initial CEX listing with Gate.io will make $UFI available to buyers worldwide and make it accessible to anyone who shares the vision for a promising, secure, and connected world 🌎
It comes as no surprise that the CEX choice was obvious since Gate.io is famously known for being one of the TOP CEXs in the whole world 💸
👉🏼👉🏼 Why should you invest in PureFi starting from tomorrow?
PureFi is the only DeFi compliance protocol for mitigating risks of interacting with high-risk illicit assets and onboarding institutional investors into DeFi.
It aims to provide a full-cycle solution for crypto asset analytics and AML/KYC procedures on the DeFi market.
PureFi within a set of smart contracts will connect KYC/AML providers with DeFi users and Dexs/Defi projects to provide crypto assets analytics and protect honest DeFi market players from “dirty money” risks.
✅ Website
✅ Telegram
✅ Medium
1NFT + 20 Whitelist Spots
GrumpyPandaz (@grumpypandaz) is a club of 8888 Unique Pandaz. They have over 100K members on their discord. The art was made by a talented artist. They have a strong road map with several benefits for holders.
Holders will be able to fully exploit the potential of their GrumpyPandaz in the metaverse by playing casino in the metaverse, enjoy play-to-earn, and join exclusive events!
Check out their discord https://discord.gg/bJVEryVd36 for more information
GrumpyPandaz (@grumpypandaz) is a club of 8888 Unique Pandaz. They have over 100K members on their discord. The art was made by a talented artist. They have a strong road map with several benefits for holders.
Holders will be able to fully exploit the potential of their GrumpyPandaz in the metaverse by playing casino in the metaverse, enjoy play-to-earn, and join exclusive events!
Check out their discord https://discord.gg/bJVEryVd36 for more information
Hey! We want to introduce you to something extremely cool!
Nafty. me - censorship-free social network on blockchain!
💢 Engaged and friendly community, that is the heart and soul of platform
💢 More than 1000 stars to join
💢 Exclusive adult content
💢 Large variety of payment solutions
💢 Professional Nafty team which is always ready to support and serve the token holders ↩️
Sooooo….about NAFTY token:
▪️ #1 Adult token which gained over 3200% and gave over 3.5m in reflections to their holders!
▪️Nafty Token is already listed on DEX and 4xCEX
▪️Low market cap
Moreover, pay attention to the Nafty marketing plan - over $500k marketing budget for 3 months!
🔥 Join noooow - https://bit.ly/btctrunk & find us @BTCtrunk
Nafty. me - censorship-free social network on blockchain!
💢 Engaged and friendly community, that is the heart and soul of platform
💢 More than 1000 stars to join
💢 Exclusive adult content
💢 Large variety of payment solutions
💢 Professional Nafty team which is always ready to support and serve the token holders ↩️
Sooooo….about NAFTY token:
▪️ #1 Adult token which gained over 3200% and gave over 3.5m in reflections to their holders!
▪️Nafty Token is already listed on DEX and 4xCEX
▪️Low market cap
Moreover, pay attention to the Nafty marketing plan - over $500k marketing budget for 3 months!
🔥 Join noooow - https://bit.ly/btctrunk & find us @BTCtrunk
Ex-Microsoft UK CTO led world-leading Blockchain data proof platform ‘Evident Proof’ just listed on Bittrex Global. Featured on Bloomberg, Yahoo Finance and Nasdaq. International listing PR and marketing campaign kicking-off this week so a chance to get in early.
The project has already on-boarded blue-chip clients and has a partnership with Microsoft. Built and led by a team of senior ex & current Microsoft people including an ex-Microsoft CTO & a current Microsoft Director. More info on the listing website.
Listing now live on Bittrex Global at https://global.bittrex.com/Market/Index?MarketName=USDT-EPTT
The project has already on-boarded blue-chip clients and has a partnership with Microsoft. Built and led by a team of senior ex & current Microsoft people including an ex-Microsoft CTO & a current Microsoft Director. More info on the listing website.
Listing now live on Bittrex Global at https://global.bittrex.com/Market/Index?MarketName=USDT-EPTT
Vimeo
The Evident Proof Story
As featured on Bloomberg and Yahoo Finance. Evident Proof is an Ex-Microsoft UK CTO led world-leading Blockchain data proof platform.
Microsoft Prepares To Build On Metaverse With Activision Acquisition
The tech giant announced the acquisition on Tuesday. Activision Blizzard is the parent company of the highly popular video game “Call of Duty” and the deal is being touted as the biggest in gaming industry history. The deal is also the biggest acquisition made by Microsoft and is a powerful move in cementing its position in the metaverse. The videogame market has already been dominated by industry leaders like Tencent and Sony. However, the latest move from Microsoft is expected to shake things up in the virtual world of gaming.
Commenting on the acquisition, Microsoft CEO Satya Nadella said,
"Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms."
Microsoft is already a significant player in the gaming industry thanks to the Xbox gaming console. The Activision acquisition will catapult its position higher up the ladder, into the third position of the most influential gaming companies of the world. Activision’s 390 million monthly users and huge gaming franchises of Call of Duty and Warcraft will give an edge to Microsoft in the competitive battle with Sony’s PlayStation and Meta’s VR platform, Oculus.
According to equity analyst and portfolio manager at Aptus Capital Advisors, David Wagner,
"This is a significant deal for the consumer side of the business and more importantly, Microsoft acquiring Activision really starts the metaverse arms race."
The metaverse is a virtual space that has developed with the expansion of different blockchain networks and NFTs. The technology behind it allows users to interact with virtual elements in this virtual space. Ever since Facebook rebranded itself to Meta, the interest in metaverse has skyrocketed, as several leading brands and conglomerates are taking steps to ensure they do not get left behind in this race.
Microsoft had been preparing to expand its metaverse presence since the end of last year. In November 2021, the tech firm announced its intentions at the Microsoft Ignite conference. Furthermore, the company had also announced that it would be updating its Xbox gaming console services to provide an elevated metaverse experience. The recent acquisition could be a part of its initiative to add more firepower to its gaming arsenal.
The tech giant announced the acquisition on Tuesday. Activision Blizzard is the parent company of the highly popular video game “Call of Duty” and the deal is being touted as the biggest in gaming industry history. The deal is also the biggest acquisition made by Microsoft and is a powerful move in cementing its position in the metaverse. The videogame market has already been dominated by industry leaders like Tencent and Sony. However, the latest move from Microsoft is expected to shake things up in the virtual world of gaming.
Commenting on the acquisition, Microsoft CEO Satya Nadella said,
"Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms."
Microsoft is already a significant player in the gaming industry thanks to the Xbox gaming console. The Activision acquisition will catapult its position higher up the ladder, into the third position of the most influential gaming companies of the world. Activision’s 390 million monthly users and huge gaming franchises of Call of Duty and Warcraft will give an edge to Microsoft in the competitive battle with Sony’s PlayStation and Meta’s VR platform, Oculus.
According to equity analyst and portfolio manager at Aptus Capital Advisors, David Wagner,
"This is a significant deal for the consumer side of the business and more importantly, Microsoft acquiring Activision really starts the metaverse arms race."
The metaverse is a virtual space that has developed with the expansion of different blockchain networks and NFTs. The technology behind it allows users to interact with virtual elements in this virtual space. Ever since Facebook rebranded itself to Meta, the interest in metaverse has skyrocketed, as several leading brands and conglomerates are taking steps to ensure they do not get left behind in this race.
Microsoft had been preparing to expand its metaverse presence since the end of last year. In November 2021, the tech firm announced its intentions at the Microsoft Ignite conference. Furthermore, the company had also announced that it would be updating its Xbox gaming console services to provide an elevated metaverse experience. The recent acquisition could be a part of its initiative to add more firepower to its gaming arsenal.
💀The next NFT project is about to drop.💀
Apes… please!
Punks… get outta here!
MetaSkeletons are about to take over the metaverse and there’s nothing anyone can do to stop it, so you better jump on board now! 🏃🏃
Their tagline is “It Pays to Be Dead” for a reason…
…This is going to be the highest reward NFT on the planet. 💰💰💰
…And has some serious benefits for every member!
✔️Sick artwork
✔️Staking
✔️$300K+ in community awards (Including fractional ownership of Iconic NFT’s)
✔️Exclusive access to games and events in the metaverse (Including Sandbox)
✔️Networking and investment opportunities
✔️And more…
Visit the website to see the full roadmap…
https://www.metaskeletons.io
And join the discord…
https://discord.gg/metaskeletons
…to get whitelisted for the pre-sale!
Apes… please!
Punks… get outta here!
MetaSkeletons are about to take over the metaverse and there’s nothing anyone can do to stop it, so you better jump on board now! 🏃🏃
Their tagline is “It Pays to Be Dead” for a reason…
…This is going to be the highest reward NFT on the planet. 💰💰💰
…And has some serious benefits for every member!
✔️Sick artwork
✔️Staking
✔️$300K+ in community awards (Including fractional ownership of Iconic NFT’s)
✔️Exclusive access to games and events in the metaverse (Including Sandbox)
✔️Networking and investment opportunities
✔️And more…
Visit the website to see the full roadmap…
https://www.metaskeletons.io
And join the discord…
https://discord.gg/metaskeletons
…to get whitelisted for the pre-sale!
Look guys,
$OP is soon pre-selling at a 20% discount price, buy before everyone goes FOMO on this highly promising project.😍
Why onPlanet
✨onPlanet is creating an ecosystem for the crypto community - a place for creators to tap into to promote their work, while projects can get funding to launch their own tokens.
✨Connect with like-minded people -- innovators, entrepreneurs, followers, influencers, future hodlers, etc
✨Hyper-deflationary $OP buyback & burn system to reward early investors and hodlers with exceptional returns
✨An off-chain Afterburn mechanism to help increase the value of your investment through investor-initiated massive $OP token burns. I’m hooked 💯🔥
Join their pre-sale soon for a chance to claim 20% discount off public sale price: https://onplanet.io/
Check them out on Discord: https://discord.gg/onplanet
$OP is soon pre-selling at a 20% discount price, buy before everyone goes FOMO on this highly promising project.😍
Why onPlanet
✨onPlanet is creating an ecosystem for the crypto community - a place for creators to tap into to promote their work, while projects can get funding to launch their own tokens.
✨Connect with like-minded people -- innovators, entrepreneurs, followers, influencers, future hodlers, etc
✨Hyper-deflationary $OP buyback & burn system to reward early investors and hodlers with exceptional returns
✨An off-chain Afterburn mechanism to help increase the value of your investment through investor-initiated massive $OP token burns. I’m hooked 💯🔥
Join their pre-sale soon for a chance to claim 20% discount off public sale price: https://onplanet.io/
Check them out on Discord: https://discord.gg/onplanet
Check out the new P2E game being developed by Proto Reality Games!🤩
✅ Derivative Outstation 119 is taking NFT gaming to the next level with its real-time RPG PvE fantasy game. I’m hooked 💯🔥
✅ Developed by ex-mobile video game veterans – alongside tech experts
✅ Amazing PFP art, great roadmap and an intriguing storyline
Jump on their Discord channel to enjoy some truly amazing teasers!😉
Discord: https://discord.gg/7pjQxtUc5F
Website: Protorealitygames.com
✅ Derivative Outstation 119 is taking NFT gaming to the next level with its real-time RPG PvE fantasy game. I’m hooked 💯🔥
✅ Developed by ex-mobile video game veterans – alongside tech experts
✅ Amazing PFP art, great roadmap and an intriguing storyline
Jump on their Discord channel to enjoy some truly amazing teasers!😉
Discord: https://discord.gg/7pjQxtUc5F
Website: Protorealitygames.com
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
US Fed Explores Digital Currency Options, Releases Whitepaper
The United States Central Bank, also known as the Federal Reserve has released a new whitepaper discussing the benefits, downsides, and potential costs involved in launching a Digital Dollar
CBDC Whitepaper Starts Conversation
The release of the whitepaper on Tuesday, January 30, is indicating that the country’s chief financial institution is ready to start the conversation around the pros and cons of a central bank digital currency (CBDC). The paper however did not make any conclusions or statements about whether the Fed should actively pursue the project. The Fed has already clarified that any substantive movement in the direction of launching CBDCs would not happen without support from Congress and the executive branch. The Fed is also inviting comments on the whitepaper and the general idea of a CBDC via an online submission form for the next 120 days.
Following the whitepaper, Fed Chairman Jerome Powell commented,
“We look forward to engaging with the public, elected representatives and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States”.
Digital Dollar: Functions And Challenges
The whitepaper pointed out that the CBDC would function differently from traditional digital payments. Instead of traditional banks, the Digital Dollar will function as a digital token with a direct claim from the central bank. In this way, it almost functions similarly to physical cash. Additionally, a central bank backed currency would also be different from usual cryptocurrencies that are issued by private actors and therefore carry higher risk potential.
The whitepaper also pointed out the challenges involved with such an undertaking, writing,
‘While a CBDC could provide a safe, digital payment option for households and businesses as the payments system continues to evolve, and may result in faster payment options between countries, there may also be downsides. Challenges include maintaining financial stability and making sure the digital dollar would ‘complement existing means of payment’.
CBDC Could Be On The Cards
The whitepaper also detailed that the best use of a Digital Dollar would be if it were intermediated through the current financial system, eliminating the need for individual CBDC accounts directly with the Fed. While some Democrats are agreeing that such a digital currency could help the unbanked populations, banks are worried about losing their customer base.
Globally, there has been significant turmoil around digital assets, especially cryptocurrencies. However, financial institutions are warming up to the idea of CBDCs, since it merges the security of physical cash and the ease of transaction of digital assets. Jerome Powell himself has previously stated that cryptocurrencies do not pose risks of financial instability to the American economy.
The United States Central Bank, also known as the Federal Reserve has released a new whitepaper discussing the benefits, downsides, and potential costs involved in launching a Digital Dollar
CBDC Whitepaper Starts Conversation
The release of the whitepaper on Tuesday, January 30, is indicating that the country’s chief financial institution is ready to start the conversation around the pros and cons of a central bank digital currency (CBDC). The paper however did not make any conclusions or statements about whether the Fed should actively pursue the project. The Fed has already clarified that any substantive movement in the direction of launching CBDCs would not happen without support from Congress and the executive branch. The Fed is also inviting comments on the whitepaper and the general idea of a CBDC via an online submission form for the next 120 days.
Following the whitepaper, Fed Chairman Jerome Powell commented,
“We look forward to engaging with the public, elected representatives and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States”.
Digital Dollar: Functions And Challenges
The whitepaper pointed out that the CBDC would function differently from traditional digital payments. Instead of traditional banks, the Digital Dollar will function as a digital token with a direct claim from the central bank. In this way, it almost functions similarly to physical cash. Additionally, a central bank backed currency would also be different from usual cryptocurrencies that are issued by private actors and therefore carry higher risk potential.
The whitepaper also pointed out the challenges involved with such an undertaking, writing,
‘While a CBDC could provide a safe, digital payment option for households and businesses as the payments system continues to evolve, and may result in faster payment options between countries, there may also be downsides. Challenges include maintaining financial stability and making sure the digital dollar would ‘complement existing means of payment’.
CBDC Could Be On The Cards
The whitepaper also detailed that the best use of a Digital Dollar would be if it were intermediated through the current financial system, eliminating the need for individual CBDC accounts directly with the Fed. While some Democrats are agreeing that such a digital currency could help the unbanked populations, banks are worried about losing their customer base.
Globally, there has been significant turmoil around digital assets, especially cryptocurrencies. However, financial institutions are warming up to the idea of CBDCs, since it merges the security of physical cash and the ease of transaction of digital assets. Jerome Powell himself has previously stated that cryptocurrencies do not pose risks of financial instability to the American economy.
🚨Crafty Metaverse | BSC
$CMETA is a shared, immersive, and blockchain-based 3D/AR platform
💠Virtual Arts studio & Marketplace
💠3D P2e Video game
🌍4k+ Telegram members
💰100x GEM💰$80K MC
📥Launched 14 days ago
🔥1 billion Supply
✅CA:
0X5CD47AACCA739695CB6722C267FB59DC63148EAC
🔒Liquidity is locked for a year
✅Full Audit Completed by Tech Audit
✅Preview of 3D P2E game coming up at month end
🌍Join the community:
Telegram : t.me/Cmetaverse
|
$CMETA is a shared, immersive, and blockchain-based 3D/AR platform
💠Virtual Arts studio & Marketplace
💠3D P2e Video game
🌍4k+ Telegram members
💰100x GEM💰$80K MC
📥Launched 14 days ago
🔥1 billion Supply
✅CA:
0X5CD47AACCA739695CB6722C267FB59DC63148EAC
🔒Liquidity is locked for a year
✅Full Audit Completed by Tech Audit
✅Preview of 3D P2E game coming up at month end
🌍Join the community:
Telegram : t.me/Cmetaverse
|
Ready to join the race? Coz we are!🔥
Check out Lucky Fury and collect over 8,000 NFT collections on the Ethereum blockchain. Furry Roads is a #Play2Earn game where you compete against other players and earn ETH.
Don’t forget to join the giveaway and get the chance to win $50,000, get achievements from the community, and earn tokens!
Join their pre-sale at Lucky Fury website on February 15, 2022. Click the MINT button to join!
✅ Twitter: https://twitter.com/luckyfury_
✅ Website: https://luckyfury.com/
✅ Discord: https://discord.gg/EKNnyzyKRb
Check out Lucky Fury and collect over 8,000 NFT collections on the Ethereum blockchain. Furry Roads is a #Play2Earn game where you compete against other players and earn ETH.
Don’t forget to join the giveaway and get the chance to win $50,000, get achievements from the community, and earn tokens!
Join their pre-sale at Lucky Fury website on February 15, 2022. Click the MINT button to join!
✅ Twitter: https://twitter.com/luckyfury_
✅ Website: https://luckyfury.com/
✅ Discord: https://discord.gg/EKNnyzyKRb
The Wealthiest Crypto Investor Portfolios Are Down 24% To 55% So Far
It’s not just your average Joe retail investor who is feeling the crypto cold right now. Ten of the richest crypto billionaires are also feeling the pain of the current crypto cold snap, some of them down more than 50% of their net worth since early November.
A Forbes article published just recently today, suggested that ten of the richest individuals in crypto have seen a combined loss in their crypto portfolios of a whopping $27 billion. Of those ten, three of them have lost over 50% since the $69,000 bitcoin top of November 10.
With bitcoin, ethereum, and most of the top performing cryptos down at least 50%, this is one of the main reasons for the losses. And it’s not just just the cryptos themselves. Coinbase Global shares have lost 42% since the bitcoin top, down from $328 to $191 at yesterday’s close.
This has led to the two billionaire co-founders of Coinbase, CEO Brian Armstrong, and Fred Ehrsam, losing $70 billion between them.
The article points out that MicroStrategy’s CEO Michael Saylor has suffered the biggest personal losses so far. His net worth has dropped from $3.1 billion on November 11, to $1.4 billion yesterday, a 55% decline in his fortune.
His company, MicroStrategy, is also down 55% over the same period, and that is despite the tech dominated Nasdaq index being down only 15% over the same time frame. Crypto has suffered the heaviest of all the tech sector.
The entire crypto industry has suffered en masse. The combined market cap of cryptocurrency was at nearly $3 trillion before the plunge. Now it is languishing at $1.7 trillion, a 43% loss in just 3 months.
While the crypto market appears to have found a bottom, at least for now, the pain may not be over yet. After a bounce upwards from here, some analysts are calling for bitcoin to come back down and test the $30k level. If this is broken then $20k might be the next stop, and some of the billionaires might be so no longer.
It’s not just your average Joe retail investor who is feeling the crypto cold right now. Ten of the richest crypto billionaires are also feeling the pain of the current crypto cold snap, some of them down more than 50% of their net worth since early November.
A Forbes article published just recently today, suggested that ten of the richest individuals in crypto have seen a combined loss in their crypto portfolios of a whopping $27 billion. Of those ten, three of them have lost over 50% since the $69,000 bitcoin top of November 10.
With bitcoin, ethereum, and most of the top performing cryptos down at least 50%, this is one of the main reasons for the losses. And it’s not just just the cryptos themselves. Coinbase Global shares have lost 42% since the bitcoin top, down from $328 to $191 at yesterday’s close.
This has led to the two billionaire co-founders of Coinbase, CEO Brian Armstrong, and Fred Ehrsam, losing $70 billion between them.
The article points out that MicroStrategy’s CEO Michael Saylor has suffered the biggest personal losses so far. His net worth has dropped from $3.1 billion on November 11, to $1.4 billion yesterday, a 55% decline in his fortune.
His company, MicroStrategy, is also down 55% over the same period, and that is despite the tech dominated Nasdaq index being down only 15% over the same time frame. Crypto has suffered the heaviest of all the tech sector.
The entire crypto industry has suffered en masse. The combined market cap of cryptocurrency was at nearly $3 trillion before the plunge. Now it is languishing at $1.7 trillion, a 43% loss in just 3 months.
While the crypto market appears to have found a bottom, at least for now, the pain may not be over yet. After a bounce upwards from here, some analysts are calling for bitcoin to come back down and test the $30k level. If this is broken then $20k might be the next stop, and some of the billionaires might be so no longer.
Crypto Took CZ From Working At McDonalds To Becoming One Of The Richest Men In The World
Zhao Changpeng, the CEO of Binance exchange, saw the possibilities with crypto earlier than most. His prolific rise to the top through his entrepreneurial qualities had very humble beginnings.
Known as CZ in crypto circles, Zhao Changpeng was born in China in the Jiangsu province. His father was exiled during the Chinese cultural revolution when CZ was only twelve years old.
The family moved to Vancouver, Canada, and initially times were not easy. CZ said that he did lots of odd jobs in order to provide for his family, and this included a period working at McDonalds.
It was in 2013 that he first heard about Bitcoin, and was encouraged to invest some money into it. According to an article published in the South China Morning Post, he then threw himself totally into the number one cryptocurrency, even selling his flat in order to be able to buy more of it.
In 2017 his star began to shine ever more brightly when he launched his very own crypto exchange called Binance. The exchange shot up the crypto market cap rankings at a meteoric speed, based on a strategy of creating high volumes with low fees.
Now, Binance is the world’s biggest crypto exchange, and according to Fortune, it processes up to $170 billion in transactions per day. Therefore, CZ’s 90% stake in the company means that he has become the 14th richest person in the world, as per the Bloomberg Billionaires Index. However, it must be noted that this index doesn’t take into account the wealth held by CZ in his own personal crypto holdings.
Now that he appears to have made it big financially, CZ says he is more interested in philanthropy. He personally answers some of the questions on the Binance blog page, and recently tweeted from his Twitter account:
“Don’t worry about rankings. Focus on how many people you can help.”
He added the following day:
“Unpopular opinion: instead of wealth rankings, there should be a ranking of charity and philanthropy efforts.”
Binance has suffered some negatives in recent times. China effectively ended the exchange’s stay in mainland China when it outlawed all cryptocurrency transactions. Other jurisdictions have put it under the spotlight on regulatory issues, and the US Department of Justice, and the IRS, are investigating the company for money laundering and tax evasion.
Zhao Changpeng, the CEO of Binance exchange, saw the possibilities with crypto earlier than most. His prolific rise to the top through his entrepreneurial qualities had very humble beginnings.
Known as CZ in crypto circles, Zhao Changpeng was born in China in the Jiangsu province. His father was exiled during the Chinese cultural revolution when CZ was only twelve years old.
The family moved to Vancouver, Canada, and initially times were not easy. CZ said that he did lots of odd jobs in order to provide for his family, and this included a period working at McDonalds.
It was in 2013 that he first heard about Bitcoin, and was encouraged to invest some money into it. According to an article published in the South China Morning Post, he then threw himself totally into the number one cryptocurrency, even selling his flat in order to be able to buy more of it.
In 2017 his star began to shine ever more brightly when he launched his very own crypto exchange called Binance. The exchange shot up the crypto market cap rankings at a meteoric speed, based on a strategy of creating high volumes with low fees.
Now, Binance is the world’s biggest crypto exchange, and according to Fortune, it processes up to $170 billion in transactions per day. Therefore, CZ’s 90% stake in the company means that he has become the 14th richest person in the world, as per the Bloomberg Billionaires Index. However, it must be noted that this index doesn’t take into account the wealth held by CZ in his own personal crypto holdings.
Now that he appears to have made it big financially, CZ says he is more interested in philanthropy. He personally answers some of the questions on the Binance blog page, and recently tweeted from his Twitter account:
“Don’t worry about rankings. Focus on how many people you can help.”
He added the following day:
“Unpopular opinion: instead of wealth rankings, there should be a ranking of charity and philanthropy efforts.”
Binance has suffered some negatives in recent times. China effectively ended the exchange’s stay in mainland China when it outlawed all cryptocurrency transactions. Other jurisdictions have put it under the spotlight on regulatory issues, and the US Department of Justice, and the IRS, are investigating the company for money laundering and tax evasion.
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NFT Charity Auction Launched By Mars Panda To Support Displaced Afghans
Crypto platform Mars Panda has announced the launch of The Mars Panda NFT charity auction, the proceeds of which will go to support UNHCR's humanitarian efforts for vulnerable displaced Afghans.
The charity auction will take place on the 31st January to the 6th February and includes donations in the form of NFTs from high-profile individuals.
It should be noted that all proceeds from the auction, minus administrative and operational costs will go to the UNHCR, and their work with assisting newly displaced Afghans with life-saving shelter, food, water and core relief items. Currently 24.4 million people (55% of the population) are in need of humanitarian assistance and the support of charitable organizations such as the UNHCR is crucial, especially during the dangerous winter months.
Kevin Pang, CEO of Mars Panda World said in a statement:
"The relentless influx of wealth and interest in NFTs are perfect ingredients to make them a force of good. NFTs have empowered everyone to convert their art and creativity into meaningful actions targeting social and humanitarian issues"
The NFT market surpassed $41 billion in 2021, according to crypto data group Messari, a total that would have been even higher if it included NFTs minted on solana and other blockchains.
With this in mind, and with the ability for the high interest in NFTs to go towards meaningful action, Mars Panda’s charity auction will channel the demand for NFTs into a worthy social action campaign.
High-profile figures and world-renowned authors that are contributing to this cause include UNHCR Goodwill Ambassadors Khaled Hosseini and Neil Gaiman, illustrator Dan Williams, Thai Venerable and UNHCR Patron Phra Medhivajirodom.
Author Neil Gaiman has contributed a UNHCR produced film of his poem What You Need To Be Warm which includes a message from the author on the writing and development of the film. The author Khaled Hosseini (The Kite Runner, A Thousand Splendid Suns) has also donated a short book,
The Venerable Phra Medhivajirodom, a well-respected Buddhist monk, scholar, writer and social worker from Thailand, has painted a one-stroke painting specifically for this charity auction.
Crypto platform Mars Panda has announced the launch of The Mars Panda NFT charity auction, the proceeds of which will go to support UNHCR's humanitarian efforts for vulnerable displaced Afghans.
The charity auction will take place on the 31st January to the 6th February and includes donations in the form of NFTs from high-profile individuals.
It should be noted that all proceeds from the auction, minus administrative and operational costs will go to the UNHCR, and their work with assisting newly displaced Afghans with life-saving shelter, food, water and core relief items. Currently 24.4 million people (55% of the population) are in need of humanitarian assistance and the support of charitable organizations such as the UNHCR is crucial, especially during the dangerous winter months.
Kevin Pang, CEO of Mars Panda World said in a statement:
"The relentless influx of wealth and interest in NFTs are perfect ingredients to make them a force of good. NFTs have empowered everyone to convert their art and creativity into meaningful actions targeting social and humanitarian issues"
The NFT market surpassed $41 billion in 2021, according to crypto data group Messari, a total that would have been even higher if it included NFTs minted on solana and other blockchains.
With this in mind, and with the ability for the high interest in NFTs to go towards meaningful action, Mars Panda’s charity auction will channel the demand for NFTs into a worthy social action campaign.
High-profile figures and world-renowned authors that are contributing to this cause include UNHCR Goodwill Ambassadors Khaled Hosseini and Neil Gaiman, illustrator Dan Williams, Thai Venerable and UNHCR Patron Phra Medhivajirodom.
Author Neil Gaiman has contributed a UNHCR produced film of his poem What You Need To Be Warm which includes a message from the author on the writing and development of the film. The author Khaled Hosseini (The Kite Runner, A Thousand Splendid Suns) has also donated a short book,
The Venerable Phra Medhivajirodom, a well-respected Buddhist monk, scholar, writer and social worker from Thailand, has painted a one-stroke painting specifically for this charity auction.
South African Regulator Urges Public to Be More Cautious When Dealing With FTX, Bybit
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory and intermediary services in South Africa.
South Africa’s financial services regulator, the FSCA, recently stated that the public must be cautious when dealing with the cryptocurrency exchange platform FTX. According to the regulator, FTX is not authorized to give any financial advice or render any intermediary services in terms of the country’s laws.
In its February 1 media release, the regulator emphasized that before any party starts to offer CFD or intermediary services, it needs to be licensed by the FSCA. The media statement explained:
Without commenting on the business of FTX or its products and services, the FSCA points out that, for a company to offer CFD (Contracts for Difference) trading in South Africa, it must be licensed to do so by the FSCA. The FSCA wishes to inform the public that FTX is not authorised to trade in CFDs or to provide financial advisory and intermediary services in South Africa.
The regulator added that efforts to contact FTX, which is headquartered in the Bahamas, have been unsuccessful. The FSCA, in the meantime, says “members of the public should always check that an entity or individual is registered with the FSCA to provide financial advisory & intermediary services.”
The regulator also warned the public to be on the lookout for persons or companies that are registered “to provide basic advisory services for a low-risk product” but still proceed “to offer services of a far more complex and risky nature.”
Meanwhile, another media statement that warns the public about dealing with Bybit was similarly issued by the regulator on February 1, 2022. Again, in this statement, the regulator reiterates that Bybit is not licensed to provide financial services to South Africans.
However, according to the FSCA’s statement, Bybit, unlike FTX, has already indicated its “willingness to apply for authorisation to provide financial advisory and intermediary services in South Africa.” In this statement, the FSCA concludes by urging members of the public “to remain cautious when dealing with Bybit until they have applied for and received authorisation from the FSCA.”
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory and intermediary services in South Africa.
South Africa’s financial services regulator, the FSCA, recently stated that the public must be cautious when dealing with the cryptocurrency exchange platform FTX. According to the regulator, FTX is not authorized to give any financial advice or render any intermediary services in terms of the country’s laws.
In its February 1 media release, the regulator emphasized that before any party starts to offer CFD or intermediary services, it needs to be licensed by the FSCA. The media statement explained:
Without commenting on the business of FTX or its products and services, the FSCA points out that, for a company to offer CFD (Contracts for Difference) trading in South Africa, it must be licensed to do so by the FSCA. The FSCA wishes to inform the public that FTX is not authorised to trade in CFDs or to provide financial advisory and intermediary services in South Africa.
The regulator added that efforts to contact FTX, which is headquartered in the Bahamas, have been unsuccessful. The FSCA, in the meantime, says “members of the public should always check that an entity or individual is registered with the FSCA to provide financial advisory & intermediary services.”
The regulator also warned the public to be on the lookout for persons or companies that are registered “to provide basic advisory services for a low-risk product” but still proceed “to offer services of a far more complex and risky nature.”
Meanwhile, another media statement that warns the public about dealing with Bybit was similarly issued by the regulator on February 1, 2022. Again, in this statement, the regulator reiterates that Bybit is not licensed to provide financial services to South Africans.
However, according to the FSCA’s statement, Bybit, unlike FTX, has already indicated its “willingness to apply for authorisation to provide financial advisory and intermediary services in South Africa.” In this statement, the FSCA concludes by urging members of the public “to remain cautious when dealing with Bybit until they have applied for and received authorisation from the FSCA.”
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. The executive power in Moscow favors regulation over the prohibition of cryptocurrencies and related activities.
The Russian government, which is hosting the ongoing debate on the future of decentralized digital money in Russia, is going to produce alternative scenarios for crypto regulation by Feb. 11. The Russian business daily Kommersant broke the news, quoting documents from a meeting held at the White House in Moscow last week.
The fate of cryptocurrencies in the country is likely to be decided by the outcome of a clash between two opposing views. While the Central Bank of Russia proposes a blanket ban on crypto-related activities such as issuance, exchange, and mining, the Ministry of Finance pushes for legalization under strict rules and without recognizing bitcoin as a means of payment.
Most government institutions, including relevant ministries, have supported the approach suggested by the treasury department. If it is adopted, Russians owning digital coins will be able to operate with them as with investment assets under the watchful eye of the government, make transactions through Russian banks and pay taxes.
Bank of Russia elaborated its position on cryptocurrencies in a consultation paper published last month. It says that all transactions with private digital currencies should be conducted outside Russian jurisdiction and without using Russia’s financial infrastructure. On the other hand, the Finance Ministry insists that authorities should differentiate between “white” and “black” crypto market activities. Both agree, however, that cryptocurrencies should not be granted legal tender status.
Last week, RBC reported that the government has drafted a regulatory roadmap, signed by Deputy Prime Minister Dmitry Chernyshenko. According to Kommersant, its concept about the regulation of the crypto market has been outlined in a letter by Finance Minister Anton Siluanov to Prime Minister Mikhail Mishustin. It has been agreed with other departments and regulatory bodies, including the ministries of economy and digital development, Russia’s financial watchdog, Rosfinmonitoring, the Federal Tax Service and the Federal Security Service.
According to Siluanov, Russian citizens have 12 million crypto wallets with coins worth around 2 trillion rubles (almost $26.5 billion). However, knowledgeable sources quoted by Bloomberg have recently revealed that the government is also working with a much higher estimate, according to which Russians own $215 billion in cryptocurrency.
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. The executive power in Moscow favors regulation over the prohibition of cryptocurrencies and related activities.
The Russian government, which is hosting the ongoing debate on the future of decentralized digital money in Russia, is going to produce alternative scenarios for crypto regulation by Feb. 11. The Russian business daily Kommersant broke the news, quoting documents from a meeting held at the White House in Moscow last week.
The fate of cryptocurrencies in the country is likely to be decided by the outcome of a clash between two opposing views. While the Central Bank of Russia proposes a blanket ban on crypto-related activities such as issuance, exchange, and mining, the Ministry of Finance pushes for legalization under strict rules and without recognizing bitcoin as a means of payment.
Most government institutions, including relevant ministries, have supported the approach suggested by the treasury department. If it is adopted, Russians owning digital coins will be able to operate with them as with investment assets under the watchful eye of the government, make transactions through Russian banks and pay taxes.
Bank of Russia elaborated its position on cryptocurrencies in a consultation paper published last month. It says that all transactions with private digital currencies should be conducted outside Russian jurisdiction and without using Russia’s financial infrastructure. On the other hand, the Finance Ministry insists that authorities should differentiate between “white” and “black” crypto market activities. Both agree, however, that cryptocurrencies should not be granted legal tender status.
Last week, RBC reported that the government has drafted a regulatory roadmap, signed by Deputy Prime Minister Dmitry Chernyshenko. According to Kommersant, its concept about the regulation of the crypto market has been outlined in a letter by Finance Minister Anton Siluanov to Prime Minister Mikhail Mishustin. It has been agreed with other departments and regulatory bodies, including the ministries of economy and digital development, Russia’s financial watchdog, Rosfinmonitoring, the Federal Tax Service and the Federal Security Service.
According to Siluanov, Russian citizens have 12 million crypto wallets with coins worth around 2 trillion rubles (almost $26.5 billion). However, knowledgeable sources quoted by Bloomberg have recently revealed that the government is also working with a much higher estimate, according to which Russians own $215 billion in cryptocurrency.
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The quality of the artwork backed by a genius duo of artists put the project as one of the fastest growing 3D project of the moment. You’ll probably recognize their art in your everyday life (TV and Video Games).
Smart Beast offers disruptive ways to apprehend NFTs as something even bigger than art. Holders will become shareholders of blooming blockchain-based projects.
Make sure to join their Discord today: https://discord.gg/smartbeast