Posts

Showing posts from June, 2023

Investors still waiting on $1.9M refund Logan Paul promised six months ago: CoffeeZilla

Image
Coffezilla asserted that the refund process should be quite easy to sort while the financial implications aren't an issue for someone as wealthy as Logan Paul. Investors in Logan Paul’s troubled NFT gaming project CryptoZoo are reportedly still waiting for any specific details on the 1000 Ether (ETH) refund (worth $1.93 million at current prices) that was promised back in January. In a YouTube video posted on June 30, “internet detective” Coffezilla — the person who initially brought the project’s issues to light in December 2022 — asserted that Paul’s communication with the CryptoZoo community has dried up over recent months: “It’s been six months, so here’s a follow-up. Logan Paul has not paid back his victims, he hasn’t talked about it since he first announced he was gonna pay them back. And what’s worst of all, he doesn’t seem to have a plan in place to refund anyone.” “How do I know that? Well because I've been asking Logan for that plan to refund people, the entire t

Ethereum Classic Rallies 12% in 6 Hours: Will July be Bullish?

Image
Over the last couple of days, the crypto market derailed from its recovery track. With Bitcoin stagnated around $30k, most other cryptos were also seen consolidating. However, on Friday, June 30, the market seemed back on track. The aggregate valuation of all assets re-claimed $1.2 trillion, thanks to the 2% pump over registered over the past 24-hours. ETC pumps double digits: What lies ahead? Several Altcoins had registered double digit rallies, and Ethereum Classic was one among them. In just a matter of six hours, this Ethereum forked crypto asset rallied from $17.96 to $20.04 today. The same translated to an approximate 12% appreciation. From the said high, a slight retracement has been registered. ETC was seen exchanging hands at $19.71 at press time. On the weekly timeframe, Ethereum Classic is currently being tested by the 78.6% Fib level. As illustrated below, this level has acted like a strong resistance for the asset so far in Q2. If the bullish momentum further intensifies,

Just In: Fidelity Official Files Application for Spot Bitcoin ETF

Image
The filing mentioned a surveillance sharing agreement” with an unnamed U.S. spot-based bitcoin trading platform. advertisement Fidelity Investment’s Initial Spot BTC ETF Application  Noteworthy, Fidelity had previously filed an application for the same offering in a private meeting with the U.S. regulator but its request met with a roadblock. At the time, Tom Jessop, the President of Fidelity Digital Assets tried to convince the SEC to approve the BTC derivative product by citing some reasons.  One of the reasons that he highlighted was the growth in the number of Bitcoin holders, another is the increased investor appetite for digital assets and the approval of Bitcoin ETF in other countries. The SEC did not seem to be buying it at that time. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read

Kraken Security Labs Publishes Report Exposing Vulnerabilities in Crypto ATMs

Join Our Telegram channel to stay up to date on breaking news coverage The growing adoption of Bitcoin as a means of payment has led to Bitcoin ATMs becoming highly popular in various cities worldwide. However, the growth of Bitcoin ATMs has also attracted hackers who are looking to exploit vulnerabilities in these systems. Currently, there are around 26,000 Bitcoin ATMs globally, with 80% of these being situated in the US. Kraken recently analyzed these Bitcoin ATMs to determine whether they are safe for users. Vulnerability in Bitcoin ATMs The report by Kraken Security Las revealed that there are major vulnerabilities in some Bitcoin ATMs that are currently in use globally. The report stated that the General Bytes Bitcoin ATMs (GBBATM2) have a vulnerability that can be exploited by a threat actor who can access the admin code. General Bytes ATMs are some of the widely used ATMs; hence it leaves many users exposed to their assets being stolen. The admin code of these ATMs co

Is Thug Life Token Next Explosive Meme Coin? $2 Million Presale Projected to Quickly Reach Capacity

Join Our Telegram channel to stay up to date on breaking news coverage A brand-new meme coin project called Thug Life Token ($THUG) is making waves on social media and within web3 circles. Despite only launching its token presale a few hours ago, the project has already raised a whopping $45,000 via $THUG sales. As the word of $THUG spreads, more meme coin-hunting degenerates are expected to pile cash into the project. Indeed, analysts have been tipping $THUG to be a major success given the refreshing take it brings to the meme coin space. Rather than being based around dog memes or short-term social media fads, like meme coins created in response to Elon Musk or Andrew Tate tweets, $THUG is based on the timeless Thug Life movement that was first popularized by hip hop stars such as Snoop Dogg back in the 80s. Tag a friend that’s $THUG enough. @SnoopDogg pic.twitter.com/Awqn0dejZ7 — Thug Life Token (@thug_life_token) June 27, 2023 $THUG is the “baller’s meme coin,” the

Saylor: The Next US President Will Be a pro-Bitcoin President

Michael Saylor predicts a pro-Bitcoin US President. Robert F. Kennedy emphasizes the inviolable right to use and hold Bitcoin Recent polls show that crypto enthusiasts prefer a president who supports BTC. MicroStrategy Founder & Chairman Michael Saylor expressed his belief in a future where the President of the United States fully supports Bitcoin. “The next President will be a pro-Bitcoin President,” Saylor remarked in a recent tweet, citing a post by presidential candidate Robert F. Kennedy. The next President will be a pro-Bitcoin President. https://t.co/L6O31QXhaH — Michael Saylor️ (@saylor) June 27, 2023 Kennedy’s tweet emphasized his commitment to ensuring the inviolable right to use and hold Bitcoin, highlighting its potential as a safeguard against totalitarianism and manipulation while paving the way for transparent and democratic government institutions. Saylor’s tweet reverberated with optimism as he envisioned a future where the

HSBC Hong Kong starts Bitcoin and Ethereum futures ETFs

Join Our Telegram channel to stay up to date on breaking news coverage HSBC Hong Kong has initiated support for trading Bitcoin and Ethereum futures Exchange Traded Funds (ETFs), according to a recent announcement. This move expands opportunities for local customers to participate in digital asset derivatives, underscoring the importance of Hong Kong in the rapidly evolving Asian cryptocurrency landscape. On Monday, the bank added these ETFs to its user-friendly mobile application “Easy Invest.” The derivatives-based ETFs provide traders with the chance to engage with Bitcoin and Ethereum futures that are traded on commodity exchanges. HSBC Hong Kong has confirmed that it will offer three specific products: CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF. These additions were initially covered by Chinese cryptocurrency journalist Colin Wu. A clear customer need Regarded as Hong Kong’s biggest bank, HSBC is the pioneer among the ci

FTX recovers $7b, making strides in creditor repayment

Image
FTX, the cryptocurrency conglomerate formerly helmed by Sam Bankman-Fried, has successfully retrieved a substantial portion of the outstanding funds owed to its creditors, per information from a report. According to a recent Bloomberg article, the current management of FTX, led by new CEO John J. Ray, announced that they have managed to recover $7 billion. It is a significant milestone in their ongoing efforts to restore financial stability from the initial $8.7 billion debt. Following the declaration of bankruptcy last year, the new FTX management team has been unwavering in its commitment to securing assets and reviving the company’s economic health.  You might also like: FTX files $700m lawsuit against investment firm tied to Hillary Clinton aide Their relentless endeavors have borne fruit, retrieving approximately $7 billion in liquid assets. This achievement marks a significant step forward in the current comprehensive restructuring process. The report comes a few d

Blockchain Sports Integrates Polygon To Launch Sports Academy In The Metaverse

Image
Join Our Telegram channel to stay up to date on breaking news coverage Blockchain Sports, a web3 ecosystem facilitating young athletes to become professionals, has integrated Polygon, an Ethereum scaling network, to launch a metaverse project. The two plan to create a sports academy in the metaverse. Blockchain Sports Taps Polygon For Metaverse Project In a June 26 blog post, Blockchain Sports confirmed plans to offer sports experiences in the metaverse. The web3 startup has onboarded Polygon to power its highly anticipated metaverse sports project. 📢@BlockchainSprts integrated with @0xPolygon ⚽️Blockchain Sports BCS, a web3 ecosystem facilitating young athletes to become professionals. 📈Milestones — Next construction phase of the Brazil academy — Personal account on our website — Scouting Service@Blockchain #Sports pic.twitter.com/HuQvyzU5D1 — Blockchain Sports (@blockchainsprts) June 26, 2023 Launched in 2017, Polygon is a blockchain platform that aims to create a

Ripple (XRP) Price Outlook: Will XRP Reach $5 Amidst Legal Battles?

Image
Join Our Telegram channel to stay up to date on breaking news coverage XRP’s price has been increasing lately, showing a bullish trend. It’s risen sharply and broken through previous barriers. For Ripple supporters, the recent consolidation suggests a breakout rally is coming soon. Ripple: A Game-Changer in the World of Cryptocurrency and Payments People are increasingly using cryptocurrencies now that there are other payment options. A secure platform for global payments makes Ripple stand out among cryptocurrencies used for payments. As a medium of exchange, it uses its own cryptocurrency called XRP. Ripple connects different cryptocurrencies and ensures payments are sent and received in the local currencies of each party. The whole thing takes just 3 seconds. According to many people, ripple could be a good investment. Do you want to invest in Ripple? To answer your questions, let’s look at the predicted price of Ripple XRP from 2023 to 2025. XRP: The Digital Currency T

VeChain (VET): Price Prediction For June End 2023

Image
VeChain has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event, which has garnered attention from the Web3 community. Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. Furthermore, on March 6, 2023, they released a new whitepaper, unveiling the VET 3.0 protocol. Also read: Solana (SOL) Price Prediction: June End 2023 In their most recent announcement, the team shared details about their web3-as-a-service platform, the VORJ. Additionally, they have expressed their intention to explore the AI industry and leverage OpenAI to implement human-readable decoded contracts. VeChain is trading at $0.01816 at press time, according to CoinMarketCap. Considering these criteria, here is our price prediction for VeChain for June end 2023. Source: The Metal Blog VET Price Prediction for June end 2023 Cryptocurrency experts at Changelly

Shaq Finally Served During Heat-Celtics Series… at Old FTX Arena

Shaquille O’Neal has finally been served, according to lawyers representing a class-action lawsuit against FTX and celebrity spokespeople who appeared in promotional materials for the defunct exchange.  A process server was reportedly able to reach O’Neal during the broadcast of the Miami Heat vs. Boston Celtics game in Miami, Florida, on Wednesday, May 24.  Ironically, the game was being played at what is now Kaseya Arena, after being renamed from FTX Arena following the eponymous exchange’s collapse. However, this isn’t the first time that the law firm claimed to have served O’Neal, who was named in the lawsuit in November 2022.  Last month, the lawyers said that a process server had reached O’Neal outside of his Texas house and served him. O’Neal’s lawyers, however, claimed that the papers had been thrown at a car and landed on a public road.  “It seems absurd to have to go to such great lengths to serve Mr. O’Neal, who is a deputy of the law,” Adam Moskowitz, one of the lawye

Arbitrum Network Bug Points to Experimental State of Rollups

Arbitrum, the Ethereum layer-2 scaling solution, stopped sending transactions to mainnet for roughly two hours on Wednesday due to a software bug affecting the optimistic rollup’s sequencer. The snafu effectively left more than $2.2 billion in crypto in the lurch, locked inside dapps running on the blockchain, including GMX and Uniswap. Arbitrum, like other rollup-centric networks, is intended to relieve Ethereum mainnet of activity by providing users an off-chain environment in which to transact. The company behind Arbitrum is Offchain Labs. Every so often, Arbitrum must batch those transactions together and forward them to Ethereum for finalization. Code associated with a network node crucial to this process — the sequencer — was responsible for the outage.  In order for the node to send the transactions to Ethereum, one of the two wallets associated with the node needs enough ETH to pay for transaction fees.  Arbitrum developers explained in a tweet thread that a “malfunction”

Bitcoin surpasses $31k for the first time since April

Image
Bitcoin surpassed the $31,000 mark, with investor optimism fueled by the anticipation of spot bitcoin exchange-traded funds (ETFs) and the entry of prominent players into the digital currency industry. Bitcoin cash (BCH) and bitcoin SV (BSV) also join today’s top gainers with a 32.39% and 20.19% gains, respectively. JUST IN: #Bitcoin breaks $31K pic.twitter.com/t9JK1DGAV1 — CoinGecko (@coingecko) June 23, 2023 Behind the surge in value Bitcoin’s price surged past the $30,000 mark on June 21, driven by an optimistic sentiment among traders who foresee potential spot bitcoin ETFs from industry giants like BlackRock, WisdomTree, and Valkyrie. This string of filings began with BlackRock on June 15, which was followed by an unnamed source stating that a partnership with Coinbase Custody, a renowned cryptocurrency storage and management platform based in New York City, was also being leveraged. As one of the largest money managers, the filing is likely believed to be a sign the SEC

JPMorgan bank deploys JPM Coin for euro-denominated payments

Germany’s conglomerate Siemens AG was reportedly the first company to process euro-denominated payments using JPM Coin. The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects, JPM Coin, into traditional banking. JPMorgan has deployed its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported on June 23. According to Basak Toprak, JPMorgan’s head of Coin Systems for Europe Middle East and Africa, JPM Coin went live with euro transactions on June 21. Germany’s conglomerate Siemens AG conducted the first euro payment on the platform, Toprak said. The system enables wholesale payments such clients, including large multinational firms, to transfer euros to and from their JPMorgan accounts instantly and 24/7. That brings a significant improvement in comparison to traditional banking transactions, which are usually processed only during business hours. “