roadrunner

JPMorgan CEO Jamie Dimon has warned that an economic “hurricane” is coming. “You better brace yourself,” he advised. “We just don’t know if it’s a minor one or Superstorm Sandy.” Jamie Dimon on the U.S. Economy and QT The CEO of JPMorgan & Chase, Jamie Dimon, warned about an incoming economic hurricane Wednesday at a financial conference sponsored by Alliancebernstein Holdings. “It’s a hurricane,” Dimon exclaimed. While noting that “Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it,” the JPMorgan executive stressed: That hurricane is right out there down the road coming our way. We just don’t know if it’s a minor one or Superstorm Sandy … You better brace yourself. The JPMorgan chief said in May that there were “storm clouds.” However, he has now revised his forecast. “I said there’s storm clouds, they’re big storm clouds, they’re — it’s a hurricane,” he cautioned. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.” Dimon is concerned about several key issues. Firstly, the Federal Reserve is expected to reverse its emergency bond-buying programs and shrink its balance sheet, and the quantitative tightening (QT) is scheduled to begin this month. The JPMorgan boss opined: We’ve never had QT like this, so you’re looking at something you could be writing history books on for 50 years. He explained that central banks “don’t have a choice because there’s too much liquidity in the system … They have to remove some of the liquidity to stop the speculation, reduce home prices and stuff like that.” Dimon is also worried about the Russia-Ukraine war and its impact on commodities, including food and fuel. He warned that oil could potentially hit $150 to $175 a barrel. Warning that “wars go bad” and there are “unintended consequences,” the executive stressed: We’re not taking the proper actions to protect Europe from what’s going to happen to oil in the short run. Last month, Dimon told Bloomberg that the Federal Reserve should have moved sooner to raise interest rates. He admitted that he is worried about the Fed starting a recession. A growing number of people have recently warned of a recession, including the Big Short investor Michael Burry, Allianz’s chief economic advisor Mohamed El-Erian, and Tesla CEO Elon Musk. Blackrock, the world’s largest asset manager with nearly $10 trillion under management, recently explained: “If they [the Fed] hike interest rates too much, they risk triggering a recession. If they tighten not enough, the risk becomes runaway inflation.” What do you think about JPMorgan CEO Jamie Dimon’s warning? Let us know in the comments section below. View the full article

Fidelity is planning a hiring spree to add ether trading and custody services to its cryptocurrency business. “As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts,” a Fidelity executive explained. Fidelity Expanding Crypto Services Fidelity Investments’ digital assets subsidiary, Fidelity Digital Assets, is expanding its services. Founded in 2018, Fidelity Digital Assets currently employs about 200 people. The company is looking to fill 110 new positions to focus on assets beyond bitcoin, a spokesperson for Fidelity told Reuters Tuesday. Tom Jessop, president of Fidelity Digital Assets, commented: As the demand for digital assets continues to steadily grow and the marketplace evolves, we will continue to expand our hiring efforts. According to Fidelity’s product manager, Terrence Dempsey, Fidelity Digital Assets has around 400 clients, including registered investment advisers, hedge funds, and asset managers. So far, the company has only been offering institutional investors the ability to store and trade bitcoin. Jessop explained that the new hires will help build out infrastructure to support custody and trading services for ether. Fidelity’s expansion announcement came as the crypto market shed nearly $500 billion over the past month. However, the executive noted that declines in crypto prices have not significantly impacted the firm’s business and the company is focused on long-term indicators, such as demand from clients. He was quoted by the Wall Street Journal as saying: We’re trying not to focus on the downturns and focus on some of the long-term indicators … We are trying to build infrastructure for the future because we measure success over years and decades, not weeks and months. Last month, Fidelity Investments announced that it has added bitcoin as an investment option for 401(k) retirement plans. What do you think about Fidelity expanding its crypto services to include ether trading and custody? Let us know in the comments section below. View the full article

On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto Community The blockchain network Solana (SOL) is down again as the network has been halted by the development team. The Twitter account Solana Status (@solanastatus) tweeted about the incident on Wednesday at 12:56 p.m. (ET) and the Solana status website also explains that block production has been halted. “Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord,” the status details. Solana has now failed for the 8th time. The network is currently halted. Trading of the $14 billion asset is still possible on centralized exchanges, which seems to be the primary use case of a constantly failing network. https://t.co/ZKIVzTlhlQ — Hector Lopez (@hlopez_) June 1, 2022 The Solana (SOL) network has been plagued by a number of outages and its been estimated that the proof-of-stake (PoS) blockchain has been down a total of eight times. Bitcoin.com News has reported on a number of Solana’s outages and the one that followed Anatoly Yakovenko’s (Solana co-founder) recent commentary. Yakovenko claimed last month that “If [Bitcoin] eventually doesn’t switch to proof-of-stake nobody is going to use it.” After the statements, Solana’s blockchain lost consensus for over seven hours. Bitcoin.com News also reported on Solana’s mid-September outage and the debate that surfaced after the blockchain’s downtime. Solana’s development team has formally acknowledged some of the issues it was dealing with and how it “degraded performance.” The team blamed “high compute transactions, which is reducing network capacity to several thousand transactions per second.” Of course, with Solana going down again, the comments on social media and crypto related forums have not been kind to the crypto project worth $14 billion. “Solana has now failed for the 8th time. The network is currently halted,” one individual tweeted. “Trading of the $14 billion asset is still possible on centralized exchanges, which seems to be the primary use case of a constantly failing network,” the person added. Bitcoin advocated Dennis Porter wrote: “Solana just stopped. Bitcoin can’t be stopped. Invest accordingly.” According to the Bitcoin Uptime Tracker, the Bitcoin network has been functional for 99.98742319836% of its lifetime. “The diamond hands of Solana are amazing,” another person criticized on Wednesday afternoon. “0 NFTs have been listed in the last hour. You can’t say the same for any other chain except maybe Terra/LUNA,” the individual added. Too bad Luna v1 failed, UI was amazing Ethereum fees kinda expensive Solana network is like the ice-cream machine at McDonald's — Romano (@RNR_0) June 1, 2022 Meanwhile, ethereum, XRP, and cardano owners opined why they thought their favorite tokens were way better than Solana. Amid the downtime and at the time of writing, solana (SOL) has lost 9.9% in value against the U.S. dollar. Coinbase also reported on Solana’s latest outage and noted that the exchange had to disable send and receives on the network. What do you think about Solana halting block production and the number of times the network has gone down? Do you think blockchain uptime is important? Let us know what you think about this subject in the comments section below. View the full article

On June 1, the American media company that provides commercial weather forecasts, Accuweather, announced it is tethering weather data to blockchain technology by hosting an API3 Airnode. The company revealed that it is collaborating with blockchain oracle provider API3 and Web API operators will be able to access Accuweather’s onchain weather data. Accuweather Exec Believes Blockchain Weather Data Can Make ‘Lasting Impacts Through a Range of Industries’ According to the company Accuweather, the firm is hosting its own API3 oracle node in order to provide a “seamless Web3 wrapper that enables Web API providers to offer Accuweather’s world-class weather data directly onchain.” The service will give decentralized application (dapp) operators the ability to access weather data via the API3 Airnode infrastructure. Both Accuweather and API3 believe that the collaborative effort will empower people with accurate weather predictions and warnings tied to storms. “The application and use of Accuweather’s weather data, leveraged independently on an API oracle, has the potential to make lasting impacts through a range of industries and even in emerging markets,” Paul Lentz, Accuweather’s senior vice president of business development said in a statement sent to Bitcoin.com News. “As one of the first major weather data and forecast providers to enter the blockchain space, we have a unique view into the demand and usage of the marketplace which puts us on a strong footing as we explore new opportunities for growth and how we can better serve users.” Accuweather Partnered With Chainlink Last Year, API3 Co-Founder Thinks There’s a Great Need for Reliable Blockchain-Powered Weather Data Blockchain and weather data concepts have been around for a few years now and Accuweather revealed last year it had partnered with Chainlink to provide weather data and insights onchain. The American media company explained at the time that it would be hosting a Chainlink oracle node. The blockchain Bitcoinsv (BSV) hosts a weather application called Weathersv. An application called Dclimate also provides onchain weather metrics and calls itself a decentralized network for climate data. Heikki Vänttinen, the co-founder of API3, believes there’s a great need for reliable weather data. “As legacy organizations and new projects alike turn to blockchain technology to enhance or innovate processes, the need for transparent and reliable data has increased tremendously, and Accuweather is a prime example of commitment to bringing value to the decentralized space – straight from the source, directly to dapps” Vänttinen said on Wednesday. “We look forward to seeing the positive impacts of the Accuweather API across all sectors, from insurance to lifelike experiences in the metaverse.” What do you think about Accuweather collaborating with API3 in order to provide onchain weather data? Let us know what you think about this subject in the comments section below. View the full article

Leaving a lasting legacy is one of the most important things we can do in life. It’s not only a way to ensure that we’re remembered after we die, but it also gives our loved ones a sense of closure and allows them to move on with their lives. Unfortunately, it’s hard to leave a trace of ourselves after we die. Our memories and legacies usually disappear with us or are left in the hands of family and friends who may not be able to handle them. But what if there was a way to leave behind a piece of ourselves that would be there forever? A way to ensure that our memories and legacy would be passed down for generations? Enter Lifestory: https://www.lifestoryapp.com/ Lifestory is a new metaverse project that allows users to create a digital legacy that can be passed down to future generations. With Lifestory, you can upload photos, videos, and written stories about your life. You can also choose to have your Lifestory shared with specific people or made public for the world to see. Lifestory is the perfect way to ensure that your memories and legacy will live on long after you’re gone. It’s an easy and efficient way to share your life story with the world and leave a lasting impression. Post-Mortem Use Cases of Lifestory There are many ways that Lifestory can be used after you die. Here are just a few: Share Your Life Story With Future Generations: You can use Lifestory to share your life story with future generations. This is a great way to ensure that your grandchildren and great-grandchildren will know about your life and the things you’ve done. Allow Loved Ones To Grieve: After you die, your loved ones will want to grieve. Lifestory gives them a place to do that. They can visit your Lifestory and leave messages, photos, and videos. This is a great way for them to express their grief and start to heal. You can also request a virtual burial in the Lifeverse, where you would be marked as dead in the Lifeverse and buried in the graveyard on the Lifeverse. Share Your Life With The World: If you’re a public figure or celebrity, you can use Lifestory to share your life with the world. Your fans will be able to visit your Lifestory and see all the things you’ve done. This is a great way to ensure that your legacy will live on long after you’re gone. Your private timeline, on the other hand, will only be accessed by your family and friends. Don’t Let Your Memories Die With You — Use Lifestory To Leave A Legacy Death isn’t the most pleasant thing to think about, but it’s something we all have to face eventually. And when we die, we want to know that our memories and legacy will live on. Lifestory is the perfect way to ensure that your memories and legacy will be passed down for generations. With Lifestory, you can make sure that your family and friends will always have a way to remember you. So don’t let your memories die with you — use Lifestory to leave a legacy. Lifestory ecosystem and NFT technology The lifestory Team focused on the NFT technology and implemented different use cases in their ecosystem. The project released a collection of 5,555 unique NFT planets allowing owners to document their memories in the Lifeverse, the immersive metaverse developed by Lifestory. Know more about this collection on the Discord: https://discord.gg/lifestory In the Lifeverse, users can store memories as nonfungible tokens (NFTs). These NFTs can be public or private, stored on something called Timelines. These Timelines can be visited by guests who land their default users’ spaceships on a user’s planet. Whitepaper: https://whitepaper.lifestoryapp.com/whitepaper_en.pdf?utm_source=Webflow&utm_medium=CTA&utm_campaign=None The Lifeverse, VR or keyboard immersive metaverse After the selling of the 5,555 planets, users can get spaceships offering them the possibility to travel to a planet, where they will be landing in the planet’s lobby. The lobby will be a great place to hang out with friends and visit this customizable world. It can be used to access other areas on a planet, such as a museum or the different timelines rooms. The Lifestory online museum is a modern twist on the traditional museum. It’s a place where people can view their lived or bought moments, special art pieces, and highlights of someone’s journey. The timeline room will ensure the visitors access to one or multiple timelines of the planet. Some of them will allow users and invited guests to relive the user’s memory or the memories of friends and relatives in the most realistic way. Other timelines might retrace the history of a user’s planet, the bond they have with a brand, or one of their passions. Moments and skins to showcase one’s life Moments are digital anchors that can be anything from photos, videos, 360 videos, audio, or even text. They can be anything someone would imagine. They can be real or fictional and constitute unique digitized memories. Optionally, these moments can be sold to other users via Lifestory’s integrated marketplace. This option will offer unlimited possibilities for content creators and regular users. Skins are the digital assets that users can use to customize planets, timelines, spaceships and moments. Skins can be sold and bought on the integrated Lifestory app marketplace or eventually used as an investment to make a profit. VR immersive experience With the mobile app of Lifestory, users can create timelines and upload 2D moments with depth effects. The app’s virtual reality (VR) capabilities make it a possibility for users to experience memories as if they’re being lived again. Shared stories of users Lifestory is more than a platform for sharing memories: It’s a new way to experience life and ensure its most complete continuation online. With Lifestory, one can travel back in time, explore other cultures and make new friends worldwide. The Lifestory planets will go on premium presale on 8 June. It is still possible to enter the most premium of the four selling lists, “the Galaxy List.” This is one’s chance to get their hands on one of the 5,555 unique planets and be a part of something extraordinary and innovative, probably one of the NFT collections with the most utilities so far. Website: lifestoryapp.com Twitter: twitter.com/Lifestory_App Discord: https://discord.gg/lifestory Youtube : https://www.youtube.com/channel/UCUqWGeULzyB03D5ZxuTYaJA Instagram: https://www.instagram.com/lifestory.app/ Author: Jean-Luc Verhest, book author of “Bitcoin: the Blockchain and beyond”, Blockchain Trainer, speaker. Former member of the European commission “blockchain observatory and Forum.” This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. View the full article

A Moscow court has ordered the seizure of the crypto wallet of one of the alleged administrators of darknet market Hydra. Media reports reveal, however, that the man — who was arrested in Russia in mid-April — is refusing to share access to his presumed crypto stash with Russian law enforcement. Investigators Fail to Obtain Hydra Market Operator’s Cryptocurrency The Russian judiciary wants to confiscate what it believes to be a record amount of cryptocurrency from a drug dealer’s crypto wallet, the business daily Kommersant reported this week, quoting a post on the Telegram news channel Mash. The crypto stash belongs to an alleged co-founder and administrator of arguably the largest online marketplace on the dark web, Hydra, which was shut down by Germany not long ago. Dmitry Olegovich Pavlov, a 30-year-old businessman from Cherepovets, was detained last month on a warrant from the Meshchansky District Court of Moscow and accused of production, sale, and distribution of drugs under Russia’s Criminal Code. His arrest came shortly after the U.S. Department of Justice announced criminal charges against a Russian resident with the same names for conspiracy to distribute narcotics and conspiracy to commit money laundering. According to the report, Pavlov’s wallet was seized with a court order and investigators think it stores hundreds of millions of dollars’ worth of cryptocurrency. Whether the state will be able to obtain the coins, however, is another question. The owner refuses to give Russian authorities access to his wallet and the exact amount of digital currency stored there is yet to be established. Aside from the crypto wallet, Pavlov has been otherwise cooperative and police already have his phones and computers, Kommersant revealed. Dmitry Pavlov is the first Hydra operator detained in the history of the Russian-language marketplace, the newspaper noted. The platform had been active since at least 2015 and had around 17 million customers before it was busted in early April when German law enforcement seized its server infrastructure and took down the darknet market’s website with support from U.S. agencies. Do you expect Russian authorities to eventually gain access to Dmitry Pavlov’s crypto wallet? Tell us in the comments section below. View the full article

TRON neared a seven-month high on Wednesday, as prices climbed for a third consecutive session. This came while KSM also rallied earlier today, gaining by double digits on hump-day. TRON (TRX) TRX moved towards a seven-month high during today’s session, as prices climbed by almost 15% on Wednesday. After trading at a low of $0.08039 during Tuesday’s session, TRX/USD rose to an intraday peak of $0.09094 earlier today. This move saw TRX break out of its long-term resistance level of $0.08890 for the first time since early May. Following a recent round of consolidation, prices have now surged for three straight days, with today’s surge taking prices to a multi-week high. Wednesday’s high was slightly below $0.09250, which was hit on May 8, and is the highest level TRX has been at since December 9. As of writing, earlier gains have somewhat faded, and this comes just as the 14-day RSI hit a ceiling of 64.35. Kusama (KSM) KSM also rose by double digits on Wednesday, as prices climbed to their highest point in the last seven days. Today saw KSM/USD rise to an intraday high of $86.37, which is the most it has traded at since May 23. This surge comes as prices rose for a fifth consecutive session, following a false breakout attempt at a floor of $70.42. Looking at the chart, today’s gains have since eased, and this comes as bulls fled KSM while it approached its resistance point of $87. The Relative Strength Index has also hit a ceiling of its own at 44.55, with this likely the signal to bears to exit, pending further confirmation. Should this ceiling eventually be cleared, then we will likely see bulls attempt to take KSM towards the $100 mark. Do you believe we will see KSM climb to $100 in June? Let us know your thoughts in the comments. View the full article

During the last seven days, the cryptocurrency cardano has increased in value by 17.3% against the U.S. dollar, as the community anticipates the upcoming Vasil hard fork, an upgrade that aims to improve the network’s throughput and enhance smart contract capabilities. Moreover, according to a poll involving 24,468 crypto enthusiasts, cardano is predicted to reach $1 in value by the end of this month. Cardano’s Slow and Steady Development Seems to Be Paying Off The digital currency cardano (ADA) has been performing a lot better than most digital currencies in terms of market gains. For instance, while bitcoin (BTC) increase in value by 6.5% during the last week, ADA jumped in value by 17.3%. Cardano’s rise follows the recent Terra LUNA and UST fallout, and the digital currency has managed to capture the sixth position out of today’s top crypto market capitalizations. ADA has had a 24-hour price range of around $0.599 to $0.657 per unit and there’s been $1.66 billion in ADA trade volume worldwide on Wednesday. Cardano has been one of the top smart contract tokens that’s been able to dodge a decent amount of the market carnage stemming from the Terra blockchain fiasco. The Input-Output Global (IOG) CEO and inventor of Cardano, Charles Hoskinson, seems to be sticking to the well-known proverb: “slow and steady wins the race.” Hoskinson and ADA have been criticized for being slow to the ball when it comes to specific features like smart contracts and decentralized finance (defi) applications. Speaking in an interview with Coindesk author Sage D. Young, Hoskinson stressed if blockchain projects move too fast, money can be lost just as quickly. The IOG CEO said: If you move too quickly, as we’ve seen with Luna, and we’ve seen with $10.5 billion of hacks last year, you could actually get it to work until it doesn’t, and then when it doesn’t it’s a catastrophic failure and everybody loses their money. Hoskinson’s ADA was mocked by the Terraform Labs co-founder Do Kwon on April 8, when Kwon explained that the Luna Foundation Guard (LFG) purchased a sum of AVAX. In the Twitter thread, Kwon said: “We may buy ADA for negative correlation.” Amid the LUNA and UST fallout on May 10, Hoskinson quoted Kwon’s tweet and remarked: Should I buy some Luna for negative correlation? Cardano’s Vasil Upgrade and $1 Price Predictions Cardano is also due for a major upgrade called the Vasil hard fork, which will add four Cardano Improvement Proposals (CIPs) into the mix. The CIPs include CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts), and CIP-40 (Collateral Outputs). CIP-31 in particular is expected to reduce Cardano’s transaction costs a great deal. “Reference scripts reduce your transaction costs,” the Cardano development team detailed during the first week of May. “Currently, new scripts need to be included in each transaction. With reference scripts, you can interact with the script through a reference, pushing it onto the chain. Interaction with a smart contract becomes minimal.” Cardano’s hard fork upgrade is expected to be implemented this month and supporters believe that this has bolstered the price in recent times. Moreover, according to a poll run by coinmarketcap.com’s (CMC) “price estimates” tool, 24,468 crypto enthusiasts believe ADA could tap $1.06 per unit by the end of June. 15,940 voters using CMC’s prediction tool think that by the end of July, ADA will be priced at $0.972 per unit. What do you think about Cardano’s recent gains and the upcoming Vasil hard fork? Let us know what you think about this subject in the comments section below. View the full article

Following yesterday’s gains, both bitcoin and ethereum consolidated on Wednesday, as bullish momentum eased. After rallying above $32,000, BTC moved marginally lower during the hump-day session, while ETH once again fell below $2,000. Bitcoin BTC was trading lower on hump-day, as bullish sentiment slightly faded, following yesterday’s price surge. Following a move to a nearly three-week peak of $32,249.86 on Tuesday, BTC/USD dropped to a bottom of $31,286.15 earlier today. This drop comes as bitcoin bulls likely decided to liquidate positions, despite prices climbing over the recent resistance of $30,500. Typically after such a breakout — especially after weeks of consolidation — momentum extends, however bulls seem uncertain about further increases, hence why some have abandoned positions. Looking at the chart, this may be due to the fact that they spotted the ceiling on the 14-day RSI of 51, which hasn’t been broken in three months. However, should relative strength move beyond this area, then we will likely see a surge heading towards $34,000. Ethereum Like BTC, ethereum also moved lower on Wednesday, with prices moving below $2,000, and back towards a long-term support/resistance level. ETH/USD dropped to an intraday low of $1,918.96 earlier in today’s session, which is a level that has acted as both support and resistance in recent weeks. This drop in prices sees the world’s second largest cryptocurrency now trading roughly 1.59% lower than yesterday’s peak around $2,016. Following a brief breakout of its ceiling at 44.50 on the Relative Strength Index, many were expecting that prices would continue to climb. However, this momentum eased for the reasons discussed above, leading to some choosing to secure earlier gains, and wait for future entries. Once this 44.50 level is eventually crossed, we will likely see a move towards a higher ceiling of 50, which could see ETH trading close to $2,150. Will we see ETH continue to consolidate in this first week of June? Leave your thoughts in the comments below. View the full article

Singapore’s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are “highly risky.” He stressed, “We cannot express this enough.” Singapore’s Deputy Prime Minister Warns About Crypto Singapore’s Deputy Prime Minister Heng Swee Keat reportedly warned retail investors against investing in cryptocurrency Tuesday while speaking at the Asia Tech x Singapore (ATxSG) summit. He said: Retail investors, especially, should steer clear of cryptocurrencies. We cannot express this enough. He brought up the collapse of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST) to support his argument. Many investors lost a lot of money when the two cryptocurrencies crashed. While cautioning that cryptocurrency is “highly risky,” the deputy prime minister stated that digital dollars could transform finance. Keat also stressed the importance of crypto regulation, stating: We must continue to adapt our rules to ensure that regulation remains facilitative of innovation, and yet addresses the key risks that crypto assets pose. Singapore has adopted strict rules on crypto, with the country’s central bank, the Monetary Authority of Singapore (MAS), as the main regulator of the crypto sector. Many people have applied for a license with the MAS to operate a crypto exchange. However, about 100 companies have already failed to meet regulator requirements. Over the past two years, the MAS only granted licenses and in-principle approvals to 11 digital payment token service providers. “We will continue to evaluate applications, and facilitate live experiments through regulatory sandboxes, to enable safe adoption in the financial sector,” the deputy prime minister detailed. The central bank said in April that its licensing process for digital asset service providers needs to be stringent. “It needs to be because we want to be a responsible global crypto hub with innovative players, but also with strong risk management capabilities,” the MAS explained. In January, cryptocurrency ATMs closed down in the country following the MAS announcement. The central bank also restricted crypto ads earlier this year, stressing that crypto trading is not suitable for the general public. What do you think about the comments by Singapore’s deputy prime minister? Let us know in the comments section below. View the full article

On May 18, 2022, MADworld released and sold out the 1st collection of the POPEYE METAVERSE MADNESS NFT in record-breaking time. MADworld is grateful to the Community who helped us successfully launch the POPEYE METAVERSE MADNESS NFT program. We are delighted to have you onboard and join us at the very beginning of a wild and crazy journey into the Metaverse with Popeye! To celebrate this joyous occasion, we are announcing an unheard of, “MAD Crazy” HODLers Lottery Program with insane prizes! Popeye: The Multiverse Synchronization Each Popeye NFT have different Location (NFT background), Main Body and Upper Torso. If all three traits “sync”, it is considered “Fully Sync-ed”. In addition, “Fully Sync-ed NFTs” will have a unique background and aura surrounding Popeye. If two of the three traits “sync”, it is considered “Partially Sync-ed”. If all three traits are mixed up, then it is considered “Not Sync-ed”. Of the 2,000 Popeye NFTs, 30 are “Fully Sync-ed”, 400 are “Partially Sync-ed” and 1,570 are “Not Sync-ed”. The Popeye NFTs were all revealed on May 25, 2022. HODLers Lottery Program Details The Lottery Program’s duration is 6 months, and each month, HODLers of the POPEYE METAVERSE MADNESS NFTs are eligible for a drawing. The first drawing is scheduled for June 23, 2022. We are offering amazing prizes to HODLers: The 1st Drawing is ONLY available to HODLers of the “Fully Sync-ed” POPEYE METAVERSE MADNESS NFT. (A total of 30 NFTs fall into this category). The lucky winner will receive an Undone Popeye Tourbillon watch and will be excluded from future Tourbillon drawings (but still eligible for the 2nd Drawing, if they have not won the Rolex). The 2nd Drawing is available to all HODLers of POPEYE METAVERSE MADNESS NFT. (A total 2,000 NFTs fall into this category). The lucky winner will receive a Rolex watch and will be excluded from future Rolex drawings (but still eligible for the 1st Drawing if they are HODLers of the “Fully Sync-ed” Popeye NFT, if they have not won the Tourbillon). **Rolex watch specifications will be updated in a future announcement. For your reference: MODEL 124060 (https://www.rolex.com/watches/submariner/m124060-0001.html) In summary: “Fully Sync-ed” NFT HODLers can at most win up to 1 Undone Popeye Tourbillon watch and 1 Rolex watch. “Partially Sync-ed” and “Not Sync-ed” NFT HODLers can at most win up to 1 Rolex watch. There are MORE utilities, games and real world interactions being planned for the POPEYE METAVERSE MADNESS NFT program. Stay tuned! This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. View the full article

The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues in Kazakhstan Kazakhstan has received 652 million tenge (almost $1.5 million) from the crypto mining industry in the first three months of the year, the government announced this week. The funds have been collected through a surcharge on the electricity used by mining farms operating legally in the country. The fee, which was imposed on Jan. 1, 2022, is calculated at a rate of 1 tenge per kilowatt-hour of electrical energy burned for the extraction of cryptocurrencies. Entities operating mining facilities are expected to pay it no later than the 20th day of the month following the respective quarter. The surcharge is not yet part of Kazakhstan’s tax code. Authorities now plan to introduce differentiated rates depending on the cost of the power utilized, and the necessary amendments were recently approved on first reading in the Mazhilis, the lower house of parliament. On one hand, the move is expected to further increase budget receipts, and on the other, limit electricity consumption for the energy-intensive production of digital currencies. The Central Asian nation became a major mining hotspot after China cracked down on the industry in May last year. The influx of miners has been largely blamed for the country’s growing power deficit, leading to the temporary shutdown of dozens of mining farms. The electricity shortages have already forced some companies to leave the country. During a government meeting in February, President Kassym-Jomart Tokayev tasked officials to “multiply” the tax levy on crypto mining. He also ordered the nation’s financial watchdog to identify all mining farms in the country and check their tax and customs documents. In early May, Kazakhstan expanded the registration rules and reporting requirements for miners, obliging businesses to submit a wide range of information including the energy needs of their mining equipment, planned investments, and number of employees. Meanwhile, government auditors have been trying to close tax loopholes exploited by some miners. Do you expect more mining companies to leave Kazakhstan as the tax burden and regulatory requirements increase? Tell us in the comments section below. View the full article

Dmitry Vasiliev, co-owner and former chief executive of the now defunct Russian crypto exchange Wex, has been arrested upon entering Croatia, local media reported. The crypto entrepreneur is wanted by Kazakhstan where he is accused of stealing money from an investor. Wex Executive Vasiliev Apprehended at the Airport in Zagreb Belarus-born Dmitry Vasiliev, former CEO of Wex, once the largest crypto trading platform in the former-Soviet space, has been detained at Franjo Tudjman Airport in the Croatian capital on Wednesday, May 25, the Jutarnji List reported. According to the daily, the authorities in Zagreb have acted on a red warrant issued by Interpol on a request from Kazakhstan. Vasiliev, who resides in the Russian Federation, is wanted in the Central Asian country for defrauding an investor of $20,000. Kazakhstan’s law enforcement has been seeking Vasiliev’s extradition for some time, but the crime he is accused of there is relatively minor compared to other suspected offenses. Wex went bankrupt in 2018 and according to estimates by a group of users, the total losses exceed $400 million. The news of Vasiliev’s detention in Croatia comes after in September last year, the Polish press revealed he had been arrested at the Warsaw airport in mid-August and was awaiting extradition to Kazakhstan. In December, it was reported he had returned to Russia following his release. The crypto businessman was also temporarily apprehended in Italy some two years ago, but Italian authorities let him go after several weeks, citing faults in the extradition request. He was able to return to St. Petersburg, Russia’s second-largest city, where he lives. In March 2022, the Russian Ministry of Internal Affairs announced the arrest of a man accused of stealing financial assets from a cryptocurrency exchange. While neither the person nor the platform were identified, a report suggested this was Aleksey Bilyuchenko, another Wex co-founder. In 2017, Wex was established as successor of the infamous BTC-e exchange which had closed down earlier that year after the arrest in Greece of one of its alleged operators, Alexander Vinnik. The U.S. accuses him of laundering up to $9 billion through the trading platform. Vinnik was extradited to France, where he was sentenced to five years in prison in December 2020, and is also wanted by Russia. Do you think Dmitry Vasiliev will be released again by the authorities in Croatia? Tell us in the comments section below. View the full article

PRESS RELEASE. Bexplus Exchange is a leading crypto derivatives trading platform offering 100x leverage futures trading on a variety of trading pairs – BTC, ETH, ADA, XRP, DOGE, etc. Bexplus doesn’t require KYC and is trusted by over two million traders from over 200 countries/regions and is accredited by the U.S. MSB license (Money Services Business). The Most Novice-friendly Exchange If you want to be familiar with the market and trading rules as soon as possible, an exchange with a demo account may be a good help. With a demo account, you can practice trading strategies, familiar with the trading rules, and analyze the markets. Successful traders are always those who learn to analyze the market, keep themselves abreast of market news, and keep trying out different strategies. Bexplus provides you with comprehensive simulated trading services. Every user is given 10 BTC at the beginning, and they are replenishable, so you can try out different trading strategies as much as you like. A Professional Exchange with Unique Copy Trading Bexplus is a professional cryptocurrency trading platform that provides copy trading. Its unique copy trading gives investors who have just entered the market the opportunity to become a veteran. It allows you to copy investment orders from experienced people, as well as to customize the proportion of your order copy, set take-profit and stop-loss. All traders have been strictly selected by the platform and have rich trading experience as well as professional trading experience. You can choose a trader that suits you best to make profits for you. Other Outstanding Features of Bexplus 100% Deposit Bonus: Double Your Investment Bexplus offers 100% bonus for every deposit, with which you can open bigger positions and gain more profits. Deposit 1 BTC and you will get 2 BTC credited to your account. Every user can get up to 10 BTC for each deposit. (Bonuses are not withdrawable, but the profit obtained with the bonus can be withdrawn.) 100 Times Leverage: Maximize your Profits Leverage plays an important role in cryptocurrency trading, which serves to maximize the trading profit. With 100x leverage applied by Bexplus, you can open a position with 100 times your margin by going long (predicting BTC price will be up) or going short (predicting BTC price will be down). If your contract complies with the market direction, you will earn 100% profits. For example, let say you open a long contract with 1 BTC when the price is $30,000 per BTC, if the price rises to $32,000, your profit would be ($32,000 – $30,000) * 1 BTC * 100x / $32,000 = 6.25 BTC, with the ROI of 625%. Bexplus BTC Wallet: Offer Risk-free Passive Income When you are not trading, you can transfer your Bitcoin to the interest-bearing wallet and enjoy up to 21% annualized interest without any risks, which is no doubt one of the most profitable rates in the industry. No KYC: No Information Leakage Registration only requires your email confirmation and will only take a few minutes. No KYC needed. Upon registration, you will get a real trading account and a demo account with 10 BTC for practice. 24/7 Withdrawal and 24/7 Customer Support You can submit a withdrawal request anytime you want and have your deposits back in as fast as 30 minutes during working hours. If you encounter any problems, contact customer support via different channels like e-mail and live chat. Mobile APP: Trade Anytime and Anywhere With the Bexplus App, you can manage your account and trade anywhere and anytime. It also integrates other tools like real-time charts, news alerts, etc., which are your capable assistants in trading. Download the Bexplus APP on the Apple Store and Google Play. No matter if you are a novice or veteran, Bexplus is very friendly to both , and you are sure to enjoy investing in cryptocurrencies at Bexplus. Click Here to register and get your 100% bonus! This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

Europe’s top securities regulator has warned that soaring inflation could drive investors to cryptocurrencies. Stressing that there is “an imbalance” in how each EU country deals with crypto, the regulator calls for a common regulatory framework across European countries. Inflation Could Drive Investors to Crypto, EU Regulator Says The European Securities and Markets Authority (ESMA), the EU’s top securities markets regulator, has warned that soaring inflation may drive retail investors into cryptocurrencies, Bloomberg reported Thursday. The regulator has also called for a formal legal framework to govern the crypto industry across all EU countries. ESMA Chair Verena Ross said in an interview last week: With inflation rising, investors will look to find investments which are able to try to compensate for inflation and bring greater returns, which might lead to greater risk taking. “That is something we are monitoring very closely,” she emphasized. Many investors believe that bitcoin is a great hedge against inflation, including famed hedge fund manager Paul Tudor Jones. However, the crypto asset is highly volatile; it has fallen 26% over the past 30 days. This month, the crypto market as a whole has shed around $500 billion. Currently, each EU country sets its own rules on crypto, making decisions based on local laws. There is no common framework for the crypto sector. The ESMA chair detailed: There is no EU regulatory framework for these kinds of entities at the moment and so there is currently an imbalance in how national supervisors deal with these entities and how they judge them. “That’s where a common regulatory framework will help,” she stressed. Last month, the European Parliament granted ESMA power to regulate crypto issuer and service providers. The European Parliament and the European Council are currently considering the Markets in Crypto Assets (MiCA) bill. The legislation, introduced in 2020, provides a legal framework for crypto asset markets to develop within the EU. What do you think about the ESMA chair’s comments? Let us know in the comments section below. View the full article

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that a depression and civil unrest are coming. He also warned of the stock and bond markets crashing. Robert Kiyosaki on Markets Crashing, Depression, and Civil Unrest The author of Rich Dad Poor Dad, Robert Kiyosaki, has issued more warnings about the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki claims that liberals and environmentalists are to blame for a reduction in oil production, which he said caused inflation, while stimulus checks paid workers not to work. Besides predicting that the stock and bond markets are crashing, he warned that a depression and civil unrest are coming. The famous author also noted that inflation is killing retailers, even giant corporations like Target and Walmart, noting that shoppers are out of money. “Retailers are starting to reveal the impact of eroding consumer purchasing power,” Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, described earlier this month. The Rich Dad Poor Dad author has been warning about an imminent depression for quite some time. In April, he cautioned that a depression and hyperinflation are here, advising investors to buy gold, silver, and bitcoin. On Friday, he tweeted: Bad news. Depression coming. In April, he explained that bonds are the riskiest investment in a global meltdown. “Tragically rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined. Earlier this month, he said he remained bullish on bitcoin and is planning to buy more BTC when the bottom is in. He expects it could be as low as $9K. The famous author wrote, “Bitcoin is the future of money.” Kiyosaki also predicted earlier this year that the U.S. dollar is about to implode, stressing that the end of the dollar is coming. In March, he said we are in the biggest bubble in world history. What do you think about Robert Kiyosaki’s warnings? Let us know in the comments section below. View the full article

PRESS RELEASE. Clesson, the operating company behind OPENTRACK and LABEL Foundation, has officially established a memorandum of understanding (MoU) with CJ Entertainment & Media. The new collaboration has the potential to benefit both parties involved as CJ Entertainment & Media is essentially an entertainment and mass media organization founded by the CJ Group, which is among South Korea’s major conglomerate corporations. What is there to know? Joining Clesson is Hen, the composer of the Netflix serial ‘My Liberation Notes’. Hen is from O’PEN CJ Entertainment & Media has reportedly joined LABEL Foundation’s operating company after Clesson successfully managed to enlist the services of the renowned composer as part of the collaboration, much to everyone’s delight as Hen has performed in a number of South Korean music projects and is also well known for creating the soundtrack for the aforementioned Netflix series. Clesson also serves as the main operating company behind OPENTRACK, which is at the center of both Web 2.0 as well as Web 3.0 online music education. With that in mind, Clesson shall work alongside CJ ENM to successfully onboard ‘O’PEN Music’ artists into ‘OPENTRACK Music’, thereby bringing them into LABEL Foundation’s respective ecosystem. Important details about the partnership The strategic collaboration will commence with the creation of an OPENTRACK Music course which shall be taught by Hen. Moreover, OPENTRACK will be in charge of the MasterClass’s production and content, whereas Hen will be responsible for presenting her creative songwriting process for K-dramas and movies, which also includes composing a melody, selecting chord progression, and preserving song quality. In addition, through the onboarding of CJ ENM O’PEN artists, the new collaboration will pave the way for continued beneficial synergistic growth for both companies. Many believe that the CJ ENM network has tremendous possibilities for building MasterClasses with OPENTRACK which has since also sparked interesting discussions about future cooperation with LABEL Foundation as well. About LABEL Foundation LABEL Foundation is a blockchain-oriented, NFT copyright fee sharing platform which presents an incubation system to support investment, distribution, and promotion processes in order to dissolve significant obstacles to contemporary content production and investment as well as to deconstruct the biased profit distribution structure which currently exists in this industry. It uses the $LBL native token, which is an Ethereum-based governance and utility token which may be utilized to fuel the expansion of LABEL’s ecosystem in various ways. The token is therefore mainly utilized to establish the platform’s fundamental token economy by functioning as a governance, staking and payment unit. Clesson and OPENTRACK, regarded as a systematic and practical music education firm in South Korea, has therefore joined LABEL and features over 200 professional teachers in Korea and 25 top musicians from 7 major nations across the globe. For more information and regular updates, be sure to visit the official website along with the Twitter, Telegram, Facebook and Medium channels. This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

The Brazilian Development Bank has officially launched the Brazilian Blockchain Network, a structure designed to aid other institutions in the country in increasing public transparency. The launch, which was also assisted by the Court of Accounts of the Union, serves to call more institutions to adhere to this project, which aims to have its first applications ready for 2023. Brazilian Blockchain Network Launch Completed The Brazilian Blockchain Network, a public and distributed blockchain, was launched on May 30. The event, which was hosted by the Brazilian Development Bank and the Court of Accounts of the Union, serves as a starting point to call other institutions to collaborate with the development and growth of the network. Gustavo Montezano, the president of the Brazilian Development Bank, who is in charge of the development of the network, declared that the organization will sign agreements with other government institutions to collaborate on this task, stating that “the more people acting collectively, the better.” Montezano also stated that the next step for the Brazilian Blockchain Network would be to get out of the lab structure and establish a working production prototype, so other third parties can focus on building apps on the network. The network is still in its experimental stages in the laboratories of these institutions, and is expected to present working applications by 2023. Bringing Trust to Public Institutions Again One of the biggest problems that this network seeks to solve is the distrust that Brazilians have of state institutions. Wesley Vaz, who is a director of the Information Technology Inspection Department of the Court of Accounts of the Union, believes that moving public processes to a blockchain, and making them follow established constraints can help with this issue. These blockchain rules and constraints will be designed to substitute today’s standard procedures. Montezano explained that the project has the potential of achieving these objectives. He stated: The Brazilian Blockchain Network can definitely change the functioning of the public machine in terms of transparency, efficiency and security. While the network has been in development since 2018, the Brazilian Development Bank just started releasing details about its technical operation recently. In March, Gladstone Arantes disclosed that the design of the network would be based on a proof-of-authority consensus mechanism, with no mining on top of the chain. At the time, he also revealed that the project would use Hyperledger Besu 2.0 as its base. What do you think about the launch of the Brazilian Blockchain Network? Tell us in the comments section below. View the full article

The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies. South Korea is one of the first countries to put funds into this field. South Korea Gets Into the Metaverse While more VC firms and companies are actively investing in the future of the metaverse, some nations are also preparing to invest in this new area to secure the future. South Korea is one of them, having recently announced it is going to invest directly in companies and initiatives related to the metaverse. The investment, which will amount to $177.1 million to kickstart the national industry, was announced by the minister of science and information and communication technologies of South Korea, Lim Hyesook. He stated the metaverse is “an uncharted digital continent with indefinite potential,” showing the possibilities the South Korean government sees in this new technology. The investment is part of the new tech focus South Korea has included in its Digital New Deal, a set of guidelines that the government is following to push citizens to transition to a fully digital society. A Virgin Field While there are various companies and firms that are already investing in the metaverse, there are not many countries that have gotten into such investing directly. This is likely because there are many regulatory questions still unanswered about the operation of metaverse companies and the intersection of Web3 technologies, which can include a cryptocurrency element in the mix. Javier Floren, CEO of NFT startup DNAverse, thinks that the metaverse and crypto experiment will be largely influenced by regulation. He stated: It’s going to depend on how different countries approach the legal side. With any new technology or disruptive ecosystem and new places to interact, there will be issues, challenges, and for sure dangers. However, with South Korea actively entering into metaverse investments, other countries might follow. About this possibility, Everest Group partner Yugal Joshi told CNBC: Some things are happening in bits and pieces but I believe this does tell you that governments are starting to take this more seriously because it’s a platform where people come together. Anything which makes people come together, it makes governments interested. What do you think about South Korea investing directly into metaverse companies? Tell us in the comments section below. View the full article

PRESS RELEASE. CA GameFi Inc., (headquartered in Shibuya-ku, Tokyo, Japan; Taro Yamamoto, Represent ative Director; hereafter CA GameFi), a subsidiary of CyberAgent Inc. (headquartered in Shibuya-ku, Tokyo, Japan; Susumu Fujita, Representative Director; listed on the TS E’s fist section, Stock Code 4751; hereafter CyberAgent), announced the establishment of a new NFT project “Project TB,” and released its teaser website. Announcement of “Project TB” “Project TB” is a NFT project developed by the game business sector of CyberAgent, one of Japan’s largest mobile game developers with sales of 262.7 billion yen ($2.07 billion) in 2021. The project will revolve around GameFi, utilizing the know-how and human resources that the firm owns. With a track-record of producing numerous original titles, CyberAgent Group’s game business will develop a variety of original IP with its unique strategy. In addition to the participation of members with experience in producing hit titles in the CyberAgent Group’s game business, CA GameFi has formed a business alliance with a specialized company that is well experienced in the DeFi field. Development is internally in progress by making the most of their knowledge. In the future, CA GameFi plans to promote various IP collaborations with major domestic publishers with whom CyberAgent Group’s game business has strong relationships. It will also continue to expand the development of original IP that stems from GameFi. With an initial investment of over 1 billion yen ($7.87 million), the project aims to develop a new user base, including not only blockchain game users but also general game players. The initial goal is to create a “genuinely interesting and long-lasting GameFi” and deliver “Just Enjoy and Earn” to worldwide players. More details regarding “Project TB” will be released in the future. ▼『Project TB』 Teaser Website https://www.cagamefi.co.jp/service/project_TB About CA GameFi CA GameFi was established as a subsidiary of CyberAgent on March 23, 2022. CA GameFi will release blockchain games to the global market including Asia and the United Stat es by leveraging CyberAgent’s strength that has been accumulated through the develop ment of its major game titles. Based on CyberAgent’s financial report from fiscal year 2021. Exchange rate is as of May 31, 2022. Company Name CA GameFi inc. Address 40-1 Udagawa-cho, Shibuya-ku, Tokyo Established on March 23rd, 2022 Capital JPY 15,000,000 (as of March, 2022) Representative Taro Yamamoto Main business Development of Blockchain Game Web Site https://www.cagamefi.co.jp For inquiry: CA GameFi Inc., Marketing department, E-mail: press@cagamefi.co.jp This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” and developers are “actively working on a solution.” Terra LUNA Airdrop Suffers From Miscalculation Error — Devs Plan to Offer a Solution On Monday, May 30, 2022, Bitcoin.com News reported on the new Phoenix-1 blockchain and the native token called LUNA. The old chain has been rebranded and is now known as Terra Classic, and the old chain’s native tokens have also been renamed with the term “classic.” Luna classic (LUNC) and terrausd classic (USTC) are still listed on a number of exchanges as tradeable crypto assets. The new LUNA token jumped more than 85% in value on Monday, reaching a high of $11.45 per unit but on Tuesday, LUNA is trading for under $10 per unit. LUNA is still up over 40% during the past 24 hours and there’s $941 million in daily trade volume today. LUNA has a market valuation of around $2.037 billion at the time of writing and bitcoin (BTC) is the coin’s top trading pair with 55.22% of LUNA’s 24-hour trades. BTC is followed by USDT (32.98%), USD (5.82%), EUR (4.12%), and USDC (1.42%). Terrausd classic (USTC) is up 32.1% on Tuesday, but luna classic (LUNC) is down 17.4%. Furthermore, on Tuesday morning (ET), Terra developers revealed that the airdrop didn’t go as planned. It seems some users received less LUNA during the distribution. The Terra team’s official Twitter page says: We are aware that some have received less LUNA from the airdrop than expected & are actively working on a solution. More information will be provided when we have gathered all of the data, so stay tuned. Terra Token Owners Are Not Happy With the Phoenix-1 Distribution Plan, Many Confirm Receiving Less Than Expected and Some Claim They Received Nothing at All The Terra developers’ social media post on Twitter is littered with user complaints and people confirming the fact that they had not received what they expected. Some Terra users complained they received nothing, while other Terra token owners revealed their public addresses to prove confirmation that they had received less than what they should have been airdropped based on the Phoenix-1 distribution plan. Some individuals criticized the airdrop distribution plan and snapshot date. “This airdrop should have been done in 3 stages,” one individual wrote on Tuesday. “Between the 7th and 12th of May, the money of the buyers was reset and the airdrop did not work because the number of lunas they received was low. Those who trusted Do kwon’s tweets bought it at a high price.” Other users complained about third parties and popular crypto exchanges holding their new LUNA tokens hostage and some people asked the developers to contact certain exchanges. Additionally, some users on social media made a fuss about non-custodial wallets that do not support the Phoenix-1 chain at the moment. It’s safe to say that a great number of Terra token owners are not happy with how the airdrop was deployed. Since the Terra developers disclosed there was an issue with the airdrop, the team has not yet produced a solution to the problem. What do you think about the LUNA airdrop not going well and people receiving less than expected or nothing at all? Let us know what you think about this subject in the comments section below. View the full article

WAVES prices surged by almost 60% on Tuesday, leading gainers in crypto markets during today’s session. This move took prices to a 20-day high, and came as AXS also rallied, climbing by over 25% earlier in the day. WAVES WAVES was one of Tuesday’s biggest gainers, as prices rose by nearly 60% earlier in today’s trading session. Following recent lows, and a bottom of $6.00 to start the week, WAVES/USD rose to an intraday peak of $10.15 today. Tuesday’s surge comes after prices continued to rise from last week’s floor of $3.86, which was WAVES’ lowest level since January 2021. From trading at support, WAVES now looks set to hit resistance which is at $12.30, and has not been reached since May 11. Despite gains fading throughout the session, prices are still currently trading at their highest point since this date, and as of writing sit at $8.69. The 14-day RSI is hovering at a two-month high, and is slightly below its own ceiling at 53.80, which must be broken for WAVES bulls to reach the $12 mark. Axie Infinity (AXS) Although there were multiple tokens to climb by over 20% on Tuesday, as crypto bulls maintain recent sentiment, it was AXS that was the second biggest mover. The token, which derives from blockchain gaming ecosystem Axie Infinity, rose to an intraday peak of $27.82 on Tuesday. This surge comes as it was announced that game developer, Sky Mavis, had revealed its first round of games to be hosted on the Axie Infinity blockchain. Looking at the chart, today’s gains have since eased, as AXS hit its long-term resistance level of $28.00. Prices have not passed this point since May 9, and it seems that bears used this as an ideal time to re-enter the market, as bulls began to exit, securing profits in the process. Despite this, the 10-day and 25-day moving averages have moved closer to one another, further increasing the chances of an upwards cross. Should this happen, this ceiling will be broken, with traders targeting a higher level ceiling at $35. Will bulls be able to break above the $28 ceiling this week? Let us know your thoughts in the comments. View the full article

For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the “extreme fear” range. While bitcoin gathered some gains on Monday, the CFGI is still in the “extreme fear” position with a ranking score of 16 out of 100. Crypto Fear and Greed Index Remains in ‘Extreme Fear’ Approximately 45 days ago, the Crypto Fear and Greed Index (CFGI) hit the “extreme fear” range with a score of 22. That day, on April 15, the 24-hour bitcoin price range was between $39,823.77 and $40,709.11 per unit. Since then markets tumbled even lower and on May 12, the value of BTC tapped a low at $25,401, which was lower than the previous bottom last summer in July. If someone purchased BTC on May 12, today they would be up more than 24% against the U.S. dollar. Despite the gains during the past two weeks, the CFGI is still in the “extreme fear” zone and the ranking is even lower than it was on April 15. At the time of writing, the CFGI ranking score is 16 out of 100, but it doesn’t necessarily mean markets will remain gloomy. The CFGI hosted on alternative.me measures market sentiment and the website notes there are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy, that means the market is due for a correction. However, extreme fear can also lead to more capitulation and the so-called buying opportunity may be much lower. Or one could also assume the current time frame is a tiered buying opportunity and people are happy with purchasing BTC on the way down. The CFGI’s simple assumptions are just that, as they may be accepted as truths, but they may not end up coming to fruition. On the same token, if “investors are getting too greedy,” as the CFGI says, it doesn’t necessarily mean crypto markets will correct. This means if someone took such advice they could be selling BTC at a lower point than what they could have made by waiting. Then again, there’s always the age-old investment advice that says there’s nothing wrong with taking profits along the way. Crypto market sentiment, at least according to the CFGI, has been in the “extreme fear” region for well over a month. Yesterday, on May 30, the index tapped a ranking score of 10, which means the latest CFGI score of 16 is an improvement. Google Trends metrics for the query “bitcoin” show interest has ticked up from the recent Terra fiasco. Interestingly, Google Trends (GT) data worldwide indicates that interest in bitcoin was meandering for a while before the Terra LUNA and UST fallout. But during that specific week (May 8-14), GT data shows the search term “bitcoin” skyrocketed to the highest GT score (100) since the second week of June 2021. The week after the Terra LUNA and UST market carnage, however, the GT data score for the term “bitcoin” dropped by 45%. What do you think about the Crypto Fear and Greed Index tapping a score of 16 and remaining in the “extreme fear” zone? Let us know what you think about this subject in the comments section below. View the full article

ETH briefly rose above $2,000 on Tuesday, as crypto bulls were once again present in today’s market session. BTC was also higher, with the world’s largest cryptocurrency climbing to its highest point in nearly three weeks. Bitcoin Bitcoin rose to its highest level in nearly three weeks on Tuesday, as crypto prices continued to rally, following recent losses. Following a low of $29,363 to start the week, BTC/USD surged to a peak of $31,949.63 earlier today. This peak is the highest level bitcoin has traded at since May 9, when markets were on a four-day downward spiral from $40,000. After an attempted breakout of its $30,500 resistance level on Monday, today has seen this point easily surpassed. However, it appears as if price uncertainty is already creeping in. Looking at the chart, you can see we are now below earlier highs, with the 14-day RSI (relative strength index) also tracking at 50. Relative strength hasn’t moved from this point in nearly two months, but should we see this finally happen, the long climb back towards $40,000 may have truly commenced. Ethereum Ethereum’s long climb back to $2,000 started and ended today, as ETH briefly recaptured this point, before tailing off as the session progressed. ETH/USD rose to an intraday high of $2,005.49 on Tuesday, which comes less than 24 hours after trading at a low of $1,877.64. Today’s gains see ethereum climb by over 10% in the last two sessions, with a recent resistance level being broken in the process. This of course is the $1,950 point, which finally gave way following almost a week below this level, however bears have not fully faded as of yet. As seen from the chart, earlier bulls have chosen to take profits following the rise above resistance, which has given bears the impetus to return. Following earlier highs, ETH is now trading at $1,977.11 as of writing, and this comes as the 44.50 ceiling on the RSI held firm, despite recent breakout attempts. Could we see bulls overcome current turbulence, to push ETH even further? Leave your thoughts in the comments below. View the full article

A VC company founded by former Binance employees, Old Fashion Research, has announced the launch of a new crypto fund in the midst of the current downturn the market is facing. The fund, which will have $100 million at its disposal, will focus resources on metaverse investments and in carrying crypto projects to emerging markets in areas such as Latam. Old Fashion Research Launches $100 Million Fund Some companies are still putting funds into cryptocurrency projects, and are optimistic about the future of the industry even with the recent slump that some economies — traditional and crypto — are currently facing. Old Fashion Research (OFR), a venture company that was launched in 2021 by former employees of Binance, is one of them. The company, whose name is derived from the well-known cocktail, has announced the launch of a new crypto-based fund to focus on the metaverse, and in bringing cryptocurrency adoption to emerging markets, like Latam. Ling Zhang, one of the managing partners of OFR, told Techcrunch: We are keen to work with builders for the long run. We are very Southern Hemisphere-focused. … We’ll go after all of the emerging markets, but it’s our goal and vision to accelerate adoption there. Operations During Current Market Conditions The fund has up until now been working with a low profile, and is the biggest fund the company has launched so far. However, Old Fashion Research lists several companies on its portfolio investments page, including blockchain analytics platform Nansen, cryptocurrency exchanges Woo and MEXC Global, and blockchain Layer 2 groups like Boba Network. Resources for the fund were collected from limited partners, traditional VC funds, family offices, and angel investors. According to Zhang, the crypto space is experiencing a boom as more and more companies are interested in the evolution of the space. She stated: More and more VCs are looking for ways to invest in crypto projects. Crypto itself is a revolution and disruption of the capital plate. It’s no longer centralized in a top-down approach. Old Fashion Research also has its own take on the difficult times the crypto industry is facing at the moment. According to Jiang Xin, another partner of the firm, the current situation is beneficial for VCs wanting to get in the space, because projects offer cheaper and more reasonable valuations. For the company, this is the best time to make investments and incubate more projects. What do you think about OFR’s new $100 million metaverse and crypto fund? Tell us in the comments section below. View the full article