Klay Music Token (KMT) Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Dec 5, 2022 – LBank Exchange, a global digital asset trading platform, has listed Klay Music Token (KMT) on December 5, 2022. For all users of LBank Exchange, the KMT/USDT trading pair is now officially available for trading.
As a fully decentralized music streaming protocol built with public blockchain infrastructure and other decentralized technologies, Klaymusic allows artists to distribute to and get paid directly from their fans. Its native token Klay Music Token (KMT) has been listed on LBank Exchange at 5:00 UTC on December 5, 2022, to further expand its global reach and help it achieve its vision.
What is Sudoswap? The First Automated NFT Market Maker for Web3 Degens
If you’ve ever tried trading NFTs, you will surely know how illiquid these assets can be. When you want to buy an NFT, the one you want may not be up for sale. When you want to sell an NFT, there may be no buyers in sight. Luckily, there’s a solution to that.
With Sudoswap, NFT degens can enjoy Uniswap-like experiences when trading NFTs. As a decentralized NFT exchange, the platform runs on an automated market maker (AMM) model to tackle the lack of liquidity in the NFT market.
Biggest Movers: AAVE, ADA Remain Near 1-Week Highs on Friday
Cardano rose to a one-week high earlier in today’s session, despite cryptocurrency markets mostly trading in the red. Aave was also higher on Friday, with the token remaining close to its highest point in the past week. As of writing, the global crypto market cap is 0.43% lower.
Cardano (ADA)Cardano (ADA) was one of Friday’s notable gainers, as the token rallied to a one-week high to end the working week.
Following a bottom of $0.4596 during Thursday’s session, ADA/USD raced to a peak of $0.4816 earlier in the day.
Crypto Sponsorships Are Prominently Featured in Formula One Racing
Formula One racing doesn’t seem to know that bitcoin and many of its altcoin cousins are crashing and burning at the time of writing. This is because many of the vehicles featured in the racing franchise have bitcoin and other crypto-related logos and emblems plastered all over them.
Formula One and Crypto… A Perfect Match?Eight of the ten racing teams in the present Formula One racing schedule have crypto-related sponsors. One of the big ones is Crypto.com, which has also done quite a bit for the Ultimate Fighting Championship (UFC). It had multi-year naming rights for a recent race in Miami, and it has also partnered with the Aston Martin Formula One team.
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Tether (USDT) Issued on Avalanche (AVAX) Hits $351 Million
Summary:
The amount of Tether (USDT) issued on Avalanche has hit $351 millionAccording to Tether’s CTO, USDT on Avalanche ‘has been growing quite aggressively’He also adds that Tether is once again exhibiting growth and is ‘the people’s choice’Tether (USDT) now has a total market cap of $81.322 BillionThe amount of Tether (USDT) issued on the Avalanche network has reached a new milestone of $351 million.
This achievement was highlighted by the Chief Technolgy Officer at both Bitfinex and Tether, Paolo Ardoino, who pointed out that the USDT on Avalanche had ‘been growing quite aggressively in the last few days’.
Is Bitcoin a Failed Safe-Haven Asset? InvestAnswers Looks at Performance of BTC Against Gold
A closely followed crypto analyst is comparing the performance of Bitcoin (BTC) and gold in response to views that the precious metal fares better than the flagship cryptocurrency as a safe haven asset.
In a new video, the host of a prominent crypto channel InvestAnswers addresses reports claiming that current geopolitical tensions show that Bitcoin is failing as a safe haven asset.
To dispel the bearish narrative for BTC, the analyst compares the top crypto’s performance against gold just as Russian military forces invaded Ukraine.
So, Which Members of Congress Own Crypto, Exactly?
Senators Pat Toomey and Cynthia Lummis should sound familiar to most crypto fans out there. They are both Republicans from the states of Pennsylvania and Wyoming respectively, and they are both doing all they can to raise awareness regarding crypto in America. They both sit on the Senate Banking Committee and are some of the only members of Congress who own crypto.
Some Members of Congress Are Very Excited About CryptoAt the time of writing, it is estimated that Lummis owns the most, with roughly $250,000 in BTC holdings. While Toomey has not invested in crypto directly the way Lummis has, he has purchased several stock options in crypto platforms and assorted products.
At press time, there are no laws in place that prevent senators or other members of Congress from owning digital currencies. In fact, Toomey and Lummis have both stated that they feel owning crypto has given them something of an edge. Digital currency has given them insight into a new wave of financial products and services that their colleagues know nothing about.
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Shiba Inu’s Unprecedented Rally Not Profound Enough To Secure Robinhood Listing
Key takeaways
Bloomberg thinks SHIBArmy’s petition for Robinhood to list the meme coin is behind SHIB’s recent surge.Robinhood is however yet to confirm it would soon list SHIB.The dog-themed token has however continued to surge, closing the gap between it and DOGE significantly. The surge in Shiba Inu (SHIB) is not unrelated to the current clamoring by fans of the dog-themed cryptocurrency for it to be listed on retail investors’ favorite platform Robinhood according to Bloomberg.
According to the Bloomberg scoop, the #SHIBArmy Change.org petition for Robinhood to list SHIB on the platform which currently has around 393,000 signatures is one of the factors fueling the surge of the meme coin in the past few days.
FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware
FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants out there. The organization stated in a report issued last week that the mean average total monthly suspicious amount of ransomware transactions was $66.4 million during the first two quarters of 2021. FinCEN also determined that the most used cryptocurrency associated with these activities was bitcoin.
FinCEN Dives Into Ransomware AttacksFinCEN, the U.S. Financial Crimes Enforcement Network, found that more than $5 billion in bitcoin transactions were linked to payments made to the top-ten most popular ransomware variants. These findings were published by the institution in a report titled “Ransomware Trends in Bank Secrecy Act Data Between January 2021 and June 2021,” which summarizes the ransomware activity during the first two quarters of the year.
The report, which examines ransomware trends and their critical effect on infrastructure, states that 635 reports and 458 transactions were reported as of June. This number goes over the whole amount of incidents that were reported during 2021. Some of the most known incidents include the Colonial Pipeline attack, which caused shortages of gas all across the country.
Bitcoin the Preferred CryptoThe report also found that bitcoin was the most used cryptocurrency for ransomware-related transactions. In the examined period, FinCEN reported that the vast majority of payments associated with these incidents were requested to be made in bitcoin. However, there was a marginal increase in payments made with monero, a privacy-focused cryptocurrency.
Another interesting finding of the report is that most of the funds collected through these activities were directed to known entities such as exchanges and that techniques such as “Chain Hopping”, which involves changing one cryptocurrency into another, were being used to avoid detection by the authorities. The use of mixers is also an increasingly common occurrence, seeking to further obfuscate the paths of the mixed cryptocurrencies.
Defi applications could also serve to convert some of these currencies to others in order to exchange them freely on other, more liquid exchanges. FinCEN identified ransomware-related funds that were sent indirectly to addresses associated with open protocols for use on defi applications.
The institution advised organizations to be quick to file a suspicious activity report when a ransomware attack happens and to integrate intrusion detection systems in their cyber defense mechanisms.
Shark Tank Star, Kevin O’Leary Holds More Bitcoin Than Gold
Kevin O’Leary has revealed that he holds more cryptocurrency in his portfolio than gold. He adds that cryptocurrencies have given him a wide range of opportunities to invest given the myriad of blockchains that exist today.
His Crypto Exposure Surpasses Gold’sIn a recent interview with Daniella Cambone on Stansberry Research, Kevin O’Leary revealed the nature of his investments. The business mogul said that gold made up 5% of his portfolio while his cryptocurrency holdings sat at 7%.
“I have 5% in gold. So crypto for the first time is more than gold for me,” he said. He also added that despite the growing influence of cryptocurrencies, he has no plans to sell his gold. The Shark Tank star expressed admiration for cryptocurrencies as a viable investment opportunity that offers multiple avenues for investors to earn.
Bitcoin Has Fallen, and Whales Are Zoning In
The price of bitcoin has taken a bit of a dip over the past few days. The world’s number one digital asset – which was trading for over $45,000 per unit late last week – is now trading in the high $43,000 range, meaning that the currency has lost a couple thousand dollars in a short period, and it looks like whales are trying to take advantage of the situation.
Whales Are Buying Up All They CanWhales are individuals that are classified as “big bitcoin owners,” for lack of better terms. It is estimated that these individuals own the most bitcoin in circulation, and that their accounts are stacked to the gills with cryptocurrency units.
Whenever BTC drops in price, whales tend to zero in and buy more of it, ensuring they can add extra bitcoin units to their portfolios at a bargain, and this time was no exception. However, there were quite a few bitcoins purchased during this momentum, with roughly 50,000 BTC units being added to several accounts that already boast anywhere between 10,000 and 100,000 units. This money was added to the said accounts over a period of just four days according to Santiment, an on-chain analytics platform.
Former BTC Innovator from Afghanistan Muhammad Ali Is Fleeing for His Life
The debacle in Afghanistan continues, and the incompetence of Joe Biden and his cronies in the U.S. is becoming more evident than ever. Figures like Muhammad Ali sought to bring a whole new level of crypto-based innovation to the country before the Taliban took over. Now, Ali finds himself not a crypto-based business developer, but a fugitive on the run.
Muhammad Ali Cannot Engage in BTC Activity in AfghanistanIn a recent interview, Ali claimed that he was fleeing Afghanistan and making his way to Turkey through Iran and other regions of the Middle East. Ali was forced to work his way around border guards and security searches along the way, making his journey even more difficult than it probably already was.
Turkey has seen its fair share of refugees over the years given that it is already home to about four million displaced Syrians. In addition, it is a hub for several Middle Easterners and other migrants looking to make their way into Europe. As a result, it is vamping up its border security as a means of keeping its people protected and preventing population swells.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
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PIAS Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Nov. 2, 2022 – LBank Exchange, a global digital asset trading platform, has listed PIAS on November 2, 2022. For all users of LBank Exchange, the PIAS/USDT trading pair is now officially available for trading.
As a crossover blockchain game between the digital and physical worlds, PIAS allows users to obtain real crops when playing the game while enabling primary industry producers to receive a portion of the revenue generated by it. Its native token PIAS has been listed on LBank Exchange at 8:00 UTC on November 2, 2022, to further expand its global reach and help it achieve its vision.
Bitcoin Jumped a Bit Following Easing of Recession Fears
Bitcoin – along with several other leading digital currencies like Ethereum, Cardano, and Solana – rose quite a bit in recent weeks and was trading for just over $24,000. Many analysts assumed that $25,000 was right around the corner.
Bitcoin Has Jumped a Few Thousand BucksThere appear to be several reasons as to why bitcoin suddenly surged, a big one being that recession fears are starting to dwindle. There have been several worries permeating the financial space as of late that 2008 is likely to occur all over again given the present state of the economy. Inflation is at a 40-year high, and things like food and gas prices are jumping like they never have before. For these reasons, many were concerned the economies of super nations like the U.S. were on the verge of collapsing.
In addition, the U.S. has now had two individual and consecutive periods of GDP contraction, which is usually a big indicator that a recession is coming. However, many analysts believe that the Fed is likely to continue hiking interest rates in the coming months as a means of combating inflation and other economic issues. For this reason, they believe that a recession could be avoided, though it may mean that Americans will wind up paying high prices for some time.
Bitcoin Cash Analysis: More Gains Possible Above $130
Bitcoin cash price is recovering above $115 against the US Dollar, similar to bitcoin. BCH/USD could start a fresh surge if it clears the $130 level.
Bitcoin Cash Price AnalysisBitcoin cash price formed a decent support base above the $100 level. BCH started a recovery wave and was able to clear the $105 resistance zone.
The price climbed above the $110 and $112 resistance levels. It even broke the $120 level and the 55 simple moving average (4-hours). It traded as high as $131.42 before there was a downside correction. There was a move below the $125 support.
“Cardano Is Getting Too Big,” Says Hoskinson As ADA Network Flares With Activity Ahead Of Vasil Hardfork
Despite the crypto market being thrust into a brutal sell-off in the last seven or so months, the level of activity on the Cardano network has spiked, with hundreds of projects onboarding the Layer 1 network in preparation for the next bull phase.
As of April 18, over 900 projects were building on Cardano, up from just 500 in March with that number surging every day as revealed by IOHK in a Twitter post. This growth has accelerated, with over 2,783 smart contracts being deployed on the blockchain after the Plutus upgrade.
Riot Blockchain Announces Plans for a 1 GigaWatt Bitcoin Mining Farm in Texas
Quick take:
Riot Blockchain has announced that it plans to develop a 1 GigaWatt Bitcoin mining facility in Navarro County, TexasThe facility is part of its Bitcoin mining and hosting expansion plans, aptly named ‘The Expansion’The Expansion will start with an initial 400 MegaWatt facility on a 265-acre site and is expected to commence in July 2023The additional 600 MegaWatt will be added in the future via the 345 kV Navarro switchThe publicly traded Bitcoin mining and hosting services provider of Riot Blockchain has announced plans to develop a 1 GigaWatt (GW) BTC mining facility in Navarro County, Texas. The 1 GW project aptly named ‘The Expansion’ will provide Riot ‘with an industry-leading 1.7 GigaWatt of total development capacity.’
Meson Network And RSS3 Partner Up To Support Open Information Syndication Protocol In Web3
Meson Network, a bandwidth trading platform built on blockchain and RSS3, an open information syndication protocol entered into a strategic partnership to ensure RSS3 users enjoy accelerated static files in a fully decentralized network frame.
As per the announcement, the partnership will integrate Meson Network’s decentralized CDN to accelerate files and content faster, giving users a premium experience. Notably, Meson Network has been using RSS3’s Revery solution to distribute social content such as Twitter messages to various platforms for a long time now. The Revery solution has massively expanded Meson Network’s global distribution channels.
Ubitquity launches new crypto payment solution for real estate transactions
Ubitquity, a blockchain-secured platform for real estate and title recordkeeping, announced it has officially launched its UbitquityPay solution for residential and commercial real estate deals using crypto.
“UbitquityPay is the global solution for crypto payments + real estate transactions. The launch of UbitquityPay.com will act as an initial online portal for those buyers, title companies, underwriters, and banks,” said Nathan Wosnack, Founder & CEO of Ubitquity LLC.
EIP-1559 Has Now Burned More ETH Than Ethereum Miners Hold
Ethereum continues to face consecutive weeks of deflationary issuance since the London hard fork which saw the EIP-1559 improvement proposal launch on the Ethereum network in early August.
So far, circa 961,920 ETH (Approximately $4.1 Billion) has been permanently destroyed in under 4 months, compared to 243,690 ETH, which is the current miner balance. Around 80,968 ETH is burnt daily accounting for 66.48% in a net reduction of circulating coins according to WatchTheBurn.
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A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
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Twitter’s Bitcoin Tipping Feature: Big Win For Crypto?
Jack Dorsey is certainly one of Bitcoin’s most ardent proponents and the decision of his social network to introduce the Bitcoin tipping feature doesn’t come as a surprise as it has been under development. The move is seen by crypto enthusiasts as a massive victory but it all hangs on the balance of probabilities.
The Tipping FeatureOn Thursday, a ripple of excitement swept through the cryptoverse after it was announced that Twitter will allow users to tip using bitcoin on the network. The feature will first be available to iOS users with Android devices being supported within a few weeks. This has been under development since May as the social network experimented on its practicality with some accounts.
The announcement of the tipping feature introduces Bitcoin to Twitter’s over 330 million active monthly visitors making it one of the single largest adoption of the cryptocurrency. The tipping feature is not new to Twitter as users of the platform could give out tips using fiat through platforms like CashApp and Venmo.
Balancer Protocol Reveals Partnership With Wallstreetbets Defi Project Wsbdapp
On Wednesday, the programmable liquidity platform Balancer Protocol announced the project has partnered with the Wallstreetbets defi project Wsbdapp. The announcement details that the two projects will collaborate in order to launch Wsbdapp’s exchange-traded portfolios (ETPs) on Balancer V2.
Balancer Protocol and Wallstreetbets’ Defi Project Partner to Launch Exchange-Traded PortfoliosLast week, Bitcoin.com News reported on the newly launched Wsbdapp decentralized finance (defi) platform hosted on the website wsbdapp.com. The application’s creators claim to be the leaders behind the Wallstreetbets community alongside backing from Jaime Rogozinski, according to a video the team shared on Twitter. On Wednesday, the team behind the Balancer Protocol revealed the project will be collaborating with the Wsbdapp creators.
Balancer Protocol is a liquidity provider and decentralized exchange (dex) platform that leverages the Ethereum blockchain. According to Wednesday’s data, Balancer Protocol is the seventh-largest dex application using Ethereum with $471 million in trade volume during the last week. Metrics from Dune Analytics indicate that Balancer’s volume is just above 1inch Network and Synthetix. Balancer’s and Wsbdapp’s announcement shows the two projects plan to launch Wsbdapp’s “exchange-traded portfolios (ETPs) on Balancer V2.”
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
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Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering Charges
Larry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining Harmon $60 million last year.
Helix Operator Pleads Guilty to Money Laundering, Conspiracy ChargesAccording to several reports and a court-issued plea, Ohio resident Larry Harmon (38) pled guilty in a D.C. federal court on Wednesday for money laundering and conspiracy charges. Harmon detailed in court that he plans to cooperate with federal authorities after being accused of operating the bitcoin (BTC) mixing service called Helix from 2014 to 2017.
U.S. prosecutors said that more than $300 million in bitcoin was transferred into Helix and sent out in an anonymous fashion. However, Charles Flood, the defense attorney for Harmon claims that the operator used a "double-blind system" so he was fully unaware of how much BTC was funneled through Helix.
