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Channel about blockchain, investments, ways to make money on cryptocurrency and market prospects. Ad - @Mr_greek
🗺The price of XLM has reached the trendline, We expect it to grow up to $10.8 after breaking the dynamic resistance.
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⬇️William Shatner Warps Into Web3 With ‘Infinite Connections’ NFT Release
The original "Star Trek" captain and longtime Twitter crypto guy officially dropped his non-fungible token (NFT) release, Infinite Connections, during CoinDesk’s Consensus 2023 conference.
Infinite Connections comprises two collections: Cosmic Explorer, with 2,500 NFTs that feature a Shatner 3D avatar paired with artwork that explores scientific themes like quantum physics and sonic vibrations.
Each one also includes a physical action figure of Captain James T. Kirk, the role for which Shatner is best known, each hand-signed by Shatner with a quote from the character.
The other collection is Timeless Voyager, which includes 1,000 NFTs of 2D artwork of future tech and the cosmos. There’s no action figure included, but “select” holders will have access to unspecified IRL opportunities.
👀MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC.
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⚡️Binance Dubai Receives Game-Changing License to Operate as Regulated Crypto Exchange.
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📊Shibarium Back Online As Shiba Inu Team Identifies Issues, Insures User Funds Worth $2M
Shiba Inu’s top developer Kaal Dhairya has shared the first update on Shibarium scaling. The prominent developer shared the update in a blog post today.
Shibarium Team Invites Other Devs After Identifying Issue
According to Dhairya, Shibarium – a fork of the Ethereum L2 scaling solution Polygon – went into a fail-safe mode due to millions of compute units of traffic recorded in minutes.
He noted that the Shibarium development team has investigated and identified where the issues occurred. In one block alone, the team found thousands of contracts and normal transactions created by users.
After unraveling the issue, Shiba Inu invited some top blockchain developers to help, alongside Shibarium devs and the Unification team. Dhairya promised to disclose the identities of these “friends,” helping to scale the system.
Shiba Inu Dev Addresses FUD
Furthermore, Dhairya addressed the FUD spread by illicit actors concerning the project. Part of this FUD campaign included a fake screenshot of Shiba Inu’s lead developer Shytoshi Kusama admitting that users’ funds were lost and irrecoverable.
Commenting on the development, Dhairya said the fake screenshot caused incredible damage to the team. He expressed surprise that top media outlets would consider the fake post.
However, Dhairya said he is assessing the damage of the FUD and will call on the team behind X (formerly Twitter) to identify the culprit for justice to prevail.
“Such attacks upon our system by bad actors will not be tolerated,” he added.
👥Hash ribbons indicator just gave two BUY signals on BTC!
Most important is weekly signal, so far there were 8 signals in 7 years and all of them were extremely profitable. Last weekly buy signal was triggered this January at around $21k!
One more fact: max drawdown since buy signal is around 10%, so I consider $26k - $27k levels as great buy opportunities!
⚖️Analysts have studied the problems of BUSD and Binance
Market analysts have studied the situation with Binance USD Stablecoin (BUSD) and cryptocurrency exchange Binance. It became known that the U.S. Securities and Exchange Commission (SEC) will sue the issuer of Paxos Stablecoin for issuing a stable coin. Market analysts from the company Kaiko noted that transactions with BUSD accounted for more than 35% of the total market share on the world's main cryptocurrency exchange.
Renowned Chinese journalist Colin Wu said: in light of the latest news of February 13, 2023, quotes in the pair BUSD/USDT has fallen to $0.9986. According to the specialist, this is the lowest indicator since December 5, 2021. The expert also noted that according to data in blockchain explorers, the last time BUSD stabelcoin was minted at $209 million was on February 4, 2023 at 00:44 Moscow time. No new coins have appeared in circulation since then, and about $123.32 million in Binance USD has since been irrevocably destroyed.
The Asian expert recalled: in the early hours of February 13, the New York Financial Services Department (NYSDFS) ordered executives at Paxos Trust Co., which issues and transfers the dollar-linked cryptocurrency BUSD, to stop issuing new coins.
Finally, researchers at 0x Scope pointed out that $439 million worth of cryptocurrencies from Ethereum and $102 million from Binance Smart Chain were withdrawn from the Binance cryptocurrency exchange within an hour of the news from financial regulators. As for Stablecoin, $258 million in USD Coin (USDC) was withdrawn from the site's vaults in the same time frame.
According to Etherscan, the total issue of BUSD was about $16.14 billion, of which more than $8 billion was in various wallets owned by Binance. According to analysts, approximately $985 million in Binance USD was held in an "Industry Recovery Fund" wallet.
👥Buying some LINK on the Falling Wedge breakout
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🗣️Meta bets on Reels for the Metaverse
Meta has started testing the short-video feature 'Reels' on Quest headset. Meta Founder and CEO Mark Zuckerberg made the announcement on Meta's broadcast channel on Friday, "We're testing Reels on Quest."
He also shared a video revealing how a Reel will look in virtual reality (VR). Last week, Zuckerberg had introduced the next generation virtual and mixed reality headset 'Quest 3' which will be launched later this year.
It features a next-generation Snapdragon chipset which delivers more than twice the graphical performance as the previous generation Snapdragon GPU in Quest 2. "On Quest 3, our best-in-class Meta Reality technology lets you seamlessly blend your physical world with the virtual one," the company said.
The 128GB headset starts at $499.99 and users will also get an additional storage option for extra space. Last week, Zuckerberg had introduced the next generation virtual and mixed reality headset 'Quest 3' which will be launched later this year.
✔️ Netherlands Grants Official Registration to Crypto.cоm Amidst Binance's Withdrawal.
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⚡️Billionaire Investor Tim Draper Bullish on Bitcoin's Supremacy over Traditional Currencies.
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🔥Shiba Inu to Add Digital IDs to Ecosystem Projects
The Shiba Inu ecosystem will tie all the applications to a blockchain-based digital identity to strengthen trust among Shib (SHIB) users and governments, a representative for the blockchain told CoinDesk on Thursday. The move is Shiba Inu’s latest attempt to break out of memcoin status and become a serious decentralized finance (DeFi) contender in the crowded blockchain market.
Self-Sovereign Identity, or SSI, is a digital alternative to identity documents such as passports and driver’s licenses. In the digital world, SSI gives users more control over their personal data and how it is distributed online. The growing interest in digital identity and data protection in Canada and the EU could help position Shiba Inu as a more modest project compared to other blockchains, the developers say.
SHIB will become a serious blockchain competitor with the launch of Shibarium. The layer 2 network will use BONE, TREAT, SHIB, and LEASH tokens for applications built on the blockchain. The test blockchain for Shibarium has shown significant activity in recent months, with 27 million transactions from approximately 16 million wallets as of July, indicating a high network demand. The network is expected to be launched later this month.
📌BTC DOMINANCE UPDATE
Expecting a move from Bitcoin in the near future, there is a convergence on the dominance. Moreover, it is forming a local Falling Wedge.
Holding Altcoins these days is quite dangerous.
👀European banks launch ‘sustainable’ blockchain platform for digital bonds
The platform makes the first use case of a so-called “Proof of Climate” blockchain protocol.
Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally, providing a more efficient and secure process than traditional methods.
The platform is a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, called “so|bond.“ According to the announcement from April 3, the blockchain network will be using a validation protocol, “Proof of Climate awaReness,” and minimizing its environmental footprint.
The Proof of Climate awaReness protocol is said to enable an energy consumption comparable to non-blockchain systems, and incentivize participating nodes to improve the environmental footprint of their infrastructures.
⬇️For those who were asking, DOGE setup is still valid, we are holding!
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📌Zcash Community To Create Sustainability Development Fund
Under the proposal, Shielded Labs will partner with the Equilibrium Group to create a Zcash Sustainability Fund. Shielded Labs will fund the development of ZSF and will use its experience with the Zcash ecosystem to do this. The idea will be brought up for discussion to monitor and determine the progress of the project.
According to the plan, ZSF will address the future security of the network after the block reward expires by rescheduling the release of Zcash and providing a way to spend funds to maintain the network.
The plan maintains a supply ceiling of 21 mln tokens and reduces the token emission curve while maintaining an estimated issuance rate that substitutes the four-year halving cycle.
If ZSF is implemented, all unissued ZEC will be placed in ZSF and block rewards will be paid directly from ZSF. The distribution of rewards for a newly produced ZEC block will follow the proportional distribution described in ZIP 1014, with 80% going to block miners and 20% going to current development fund beneficiaries.
💸BTC UPDATE
The price keeps consolidating above the $30,000 support level. The market doing its best to shake out all the holders by spreading FUD and making scary red candles.
Make sure not to be intimidated by the evil powers. Hold and be calm.
🌐Flash Loans: What to Do with a Million-Dollar Loan?
Flash loans as its name suggests are literally loans that can transpire instantly. Put literally, imagine we you could borrow millions of dollars, but you had to pay it all back in just a few seconds? With flash loans this can be done with absolutely no collateral. Sound too good to be true?
If you are thinking we are a few short sandwiches short of a picnic, allow us to introduce you to the world of flash loans.
Flash Loans Explained
Flash loans, to put it in simple terms, is a loan in which someone can borrow massive amounts of money for free with the only requirement being that he or she must pay it back almost immediately.
The process is accomplished by employing smart contracts and their code will have a computer verify if all transactions check out and, of course, whoever is borrowing the money is in condition to pay it back.
So, if you take out a million dollars and repay it in the same transaction, since the initial state is maintained, no one seems to mind, and this is pretty much how flash loans came to be.
By the end of things, if every validation goes through and gets approved, voilà: you have successfully borrowed millions of dollars to do your thing.
➡️The first target of $28,000 was reached by Bitcoin
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📌NFT warranties can help mass adoption of the technology, says Web3 exec
The Web3 space has seen its fair share of exploits in the recent past, with more than $320 million exploited by hackers in the first quarter of 2023.A new nonfungible token (NFTs) warranty service from Web3 payment provider Wert and insurtech service Avata is trying to troubleshoot the asset security gap for both active and prospective collectors.
According to the announcement, the opt-in warranty for NFTs will cover up to 90% of the value of the digital assets for any NFTs compromised in a smart contract hack.The service will be available on nearly 80 digital asset marketplaces, including the KnownOrigin NFT marketplace.The NFT protection will be charged at 6% of the asset cost at checkout, and coverage will be calculated by the purchase price rather than the current market value.
🕯Long-Term Bitcoin Holders Increase Holdings by $33 Billion, Favoring HODL Strategy.
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🔔Indonesian Government Prepares to Introduce National Cryptocurrency Exchange.
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💸Potential Rally on the Cards for Bitcoin (BTC), Predicts Firm
The blockchain intelligence firm Santiment predicted in a tweet this morning that Bitcoin (BTC) may rally soon. This optimistic outlook comes after the U.S. House passed a crucial debt ceiling deal, which subsequently resulted in the S&P500 as well as several altcoins spiking in the past 24 hours.
According to the post, the S&P 500 soared to its highest price since August of last year. In addition, altcoins such as Litecoin (LTC), UNUS SED LEO (LEO) and FantasyGold (FGC) also saw their prices jump recently. The increases in these altcoins’ prices led Santiment to believe that BTC’s price will soon follow suit.
At press time, the market leader’s price was trading at $27,104.41 following a 0.93% gain over the past 24 hours, according to CoinMarketCap. This positive price movement added to the crypto’s already-positive weekly performance – taking BTC’s total weekly gain to 2.49%. However, altcoins had outperformed BTC slightly, as its dominance was down 0.10%.
From a technical perspective, the daily RSI indicator on BTC’s chart supports Santiment’s bullish outlook, with the RSI line trading above the RSI SMA line at press time. In the past 48 hours, it had attempted to cross bearishly below the SMA line, but had rebounded.
Furthermore, the RSI line was positively sloped towards overbought territory – signaling bulls’ growing strength. The RSI line was also at 47.67, which meant that there was a lot of room for a bullish move before BTC would find itself in overbought territory.
Traders and investors may want to wait for BTC’s price to close above the 9-day and 20-day EMA lines before going long on the crypto. Should this happen, BTC’s price could climb to the next resistance level at $27,650 in the following 48 hours. On the other hand, a daily close below $26,515 would put BTC at risk of dropping to $25,800.
➡️BTC UPDATE
Bitcoin still doesn't look strong. The crucial resistance of $29,750 was tested twice, both times failed.
At the moment the only support that holds the price is $28,800. In case it is broken, we will see an impulse downwards to $28,000.
The recent update was given almost a week ago, but... nothing changed. We flat.
📷200 U.S. officials moved to cryptocurrency
Several members of the U.S. Congress sent a collective letter to the SEC, the Fed, and the Treasury Department. In it, they expressed concern about former U.S. officials moving en masse into the cryptocurrency segment.
In the letter, the authors also provide specific examples. About 200 former officials have moved into the cryptocurrency segment over time. They took positions as executives, lobbyists and consultants.
According to Elizabeth Warren, one of those who signed the appeal, this creates a dangerous situation. In her commentary, she compared what is happening to the way Wall Street has influenced the legal field in the past for its own benefit.
📌ETH/BTC UPDATE
The price is consolidating above the 0.061 support level for quite a long time (since the beginning of 2023 in fact).
Moreover, there is a massive Falling Wedge that has been forming since the August 2022.
I believe that we will see a breakout of this wedge in September - October 2023 and this will be a start of a Great Altcoin Season!
⚡️An F1 Team Might Take a Bored Ape Across the U.S. Grand Prix Finish Line
Crypto exchange Kraken is crowdsourcing which NFTs will adorn an F1 car
Six total NFTs will be incorporated on the Williams' car in the race
If you look closely, you might catch a Bored Ape crossing the finish line during a Formula 1 race this fall.
In an ongoing partnership with British Formula One team Williams Racing, crypto exchange Kraken will place non-fungible tokens (NFTs) on the back of the team’s cars competing in the U.S. Grand Prix this October.
But which NFTs to choose? Kraken will be crowdsourcing its race car decals by allowing users to submit their NFTs and vote on their favorite characters.
Starting August 1, any NFT holder whose asset is listed on Kraken’s native NFT marketplace will be eligible to submit their token before the contest closes on August 18. Williams and Kraken will then select the top 20 entries, putting them up for a community vote from August 28 to 31.
The four most popular NFTs, as well as two NFTs selected by Williams team drivers Alex Albon and Logan Sargeant, will be displayed on the car during the Austin-based Grand Prix on October 22.
Lou Frangella, Head of Brand Partnerships at Kraken and former VP of Partnerships at FTX.US, subsidiary of fallen exchange FTX, told CoinDesk that incorporating NFTs onto the back of Williams’ cars will bring attention not only to individual projects but also to the NFT market as a whole.
📌US FSC Chairman Proposes Bills for Regulating Crypto and Stablecoins.
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🔥French Central Bank's Belief in Distributed Ledger Technology's Potential to Ensure Financial Stability.
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🔼Shibarium Token BONE Jumps as Shiba Inu Hits These Two Milestones
Shibarium gas token Bone has seen a significant rise in the last 24 hours. At the time of writing, Bone ShibaSwap (BONE) was up nearly 6% in the last 24 hours to $1.31.
This remains significant, as most cryptocurrencies posted marginal gains in the wake of the recent Fed interest rate decision. Shiba Inu (SHIB) was only marginally higher, or 0.28%, in the last 24 hours, to $0.00000782.
The jump in BONE prices follows as the Shiba Inu ecosystem achieves two milestones: first, the Shibarium Ethereum bridge launches for public testing. Second, Shiba Inu has received a new gold check mark on its X account.
Lucie, a Shiba ecosystem official, recently announced the Shibarium beta bridge going live for public testing.
Lucie alluded to the Shibarium bridge in late April, saying it was partly functional. This bridge is now available for public testing after months of development, marking a significant milestone.
The Shibarium bridge, as described in Shibarium documentation, uses Plasma and PoS security to enable a bidirectional transaction environment between Shibarium and Ethereum.
The bridge would allow users to move tokens between the two networks without introducing third-party risks or affecting market liquidity, as well as serving as a scaling solution.
The bridge prioritizes speed and decentralization while allowing arbitrary state changes on its sidechains and EVM support.