JP Morgan Hammers El Salvador’s Move To Embrace Bitcoin As Legal Tender
JP Morgan is criticizing El Salvador’s decision to adopt Bitcoin (BTC) as a legal tender.In a report titled “The Bitcoinization of El Salvador” shared by Documenting Bitcoin on Twitter, the banking giant says that the Central American nation’s recent embrace of Bitcoin is not motivated by stability concerns.The bank adds that the move may jeopardize the outlook of El Salvador’s credit program with the International Monetary Fund (IMF), which recently warned nations that adopt Bitcoin as a legal tender raises economic and regulatory issues. “It is difficult to see any tangible economic benefits associated with adopting Bitcoin as a second form of legal tender, and it may imperil negotiations with the IMF.”The bank says that the impact of El Salvador’s crypto-related decision on its relationship with larger economies remains uncertain as the current governing tax, banking and financial laws and regulations existed long before the emergence of cryptocurrencies.“Those moves may be complicated if this is the beginning of a broader trend among similarly situated, smaller nations.”JP Morgan is commenting on El Salvador’s new Bitcoin Law as the bank also enters into the cryptocurrency market.In April, the financial behemoth reported that it is planning to give its wealthy clients access to an actively managed Bitcoin fund. A filing with the U.S. Securities and Exchange Commission (SEC) in March also reveals that the bank is launching a structured note offering that allows investments in companies with exposure to digital assets.
JP Morgan is criticizing El Salvador’s decision to adopt Bitcoin (BTC) as a legal tender.In a report titled “The Bitcoinization of El Salvador” shared by Documenting Bitcoin on Twitter, the banking giant says that the Central American nation’s recent embrace of Bitcoin is not motivated by stability concerns.The bank adds that the move may jeopardize the outlook of El Salvador’s credit program with the International Monetary Fund (IMF), which recently warned nations that adopt Bitcoin as a legal tender raises economic and regulatory issues. “It is difficult to see any tangible economic benefits associated with adopting Bitcoin as a second form of legal tender, and it may imperil negotiations with the IMF.”The bank says that the impact of El Salvador’s crypto-related decision on its relationship with larger economies remains uncertain as the current governing tax, banking and financial laws and regulations existed long before the emergence of cryptocurrencies.“Those moves may be complicated if this is the beginning of a broader trend among similarly situated, smaller nations.”JP Morgan is commenting on El Salvador’s new Bitcoin Law as the bank also enters into the cryptocurrency market.In April, the financial behemoth reported that it is planning to give its wealthy clients access to an actively managed Bitcoin fund. A filing with the U.S. Securities and Exchange Commission (SEC) in March also reveals that the bank is launching a structured note offering that allows investments in companies with exposure to digital assets.
Kevin O’Leary: BTC Will Be Bigger Than Stocks
Kevin O’Leary – aka Mr. Wonderful on the television show “Shark Tank” believes that bitcoin could eventually overpower the stock market.
Kevin O’Leary: Sustainability Will Make a Big DifferenceHis sentiment comes from the sudden shift that many bitcoin miners are making. Initially, bitcoin was the subject of much concern and disgust amongst environmentalists, who claimed that the extraction process behind bitcoin was contributing to severe atmospheric destruction. However, O’Leary claims that many miners are listening to these arguments and are now implementing greener ways of mining digital currencies.
He says that this will ultimately help propel bitcoin into much more mainstream territory. A newfound “green” attitude amongst miners will work to potentially attract more institutional investors and cause the currency to hit new price peaks that will send it beyond anything the stock market could accomplish. In a recent interview, he states:
It is both a huge problem and a massive opportunity. I prefer to look at the opportunity. I called it out on that Yahoo Finance interview, and the proverbial poo-poo hit the fan. I took a lot of [guff], but it is obviously on the mind of the institutional client.
O’Leary claims that as of late, there are several fears surrounding bitcoin given its environmental, social, and corporate governance compliance, or ESG for short. He says that in the end, it is this governance that is likely to account for all future decisions regarding bitcoin and the crypto mining process that extracts new units from the blockchain:
At the end of the day, there is a new sheriff in town. It is called ESG. Every single institution, including Larry Fink on down at BlackRock who put out his ESG letter, his sustainability mandate, this used to be fringe. It is not fringe anymore. You have to be sustainable in terms of how you look at investing or you are going to lose your investor.
Thus far, O’Leary has struck several deals with mining companies that incorporate green energy. He says he will purchase units mined through them granted they can prove that the units in question were extracted through environmentally friendly means:
I just think that the minute we solve the institutional ESG issue, Katy bar the doors, because people do not understand that most of the world’s investments are in the institutions and the sovereign funds. That is where the real money is.
This Will Affect Several AreasHe says ESG is not only affecting bitcoin. Institutions want to see all industries become green at some point, and many have pulled out of certain areas granted they are not witnessing much improvement. Oil is a major example in that despite boosts in cash flows, many institutions are refusing to invest:
That is sustainability committees pushing out the stocks out of mandates out of portfolios. That just gives you the idea of the power of the ESG mandate.
Kevin O’Leary – aka Mr. Wonderful on the television show “Shark Tank” believes that bitcoin could eventually overpower the stock market.
Kevin O’Leary: Sustainability Will Make a Big DifferenceHis sentiment comes from the sudden shift that many bitcoin miners are making. Initially, bitcoin was the subject of much concern and disgust amongst environmentalists, who claimed that the extraction process behind bitcoin was contributing to severe atmospheric destruction. However, O’Leary claims that many miners are listening to these arguments and are now implementing greener ways of mining digital currencies.
He says that this will ultimately help propel bitcoin into much more mainstream territory. A newfound “green” attitude amongst miners will work to potentially attract more institutional investors and cause the currency to hit new price peaks that will send it beyond anything the stock market could accomplish. In a recent interview, he states:
It is both a huge problem and a massive opportunity. I prefer to look at the opportunity. I called it out on that Yahoo Finance interview, and the proverbial poo-poo hit the fan. I took a lot of [guff], but it is obviously on the mind of the institutional client.
O’Leary claims that as of late, there are several fears surrounding bitcoin given its environmental, social, and corporate governance compliance, or ESG for short. He says that in the end, it is this governance that is likely to account for all future decisions regarding bitcoin and the crypto mining process that extracts new units from the blockchain:
At the end of the day, there is a new sheriff in town. It is called ESG. Every single institution, including Larry Fink on down at BlackRock who put out his ESG letter, his sustainability mandate, this used to be fringe. It is not fringe anymore. You have to be sustainable in terms of how you look at investing or you are going to lose your investor.
Thus far, O’Leary has struck several deals with mining companies that incorporate green energy. He says he will purchase units mined through them granted they can prove that the units in question were extracted through environmentally friendly means:
I just think that the minute we solve the institutional ESG issue, Katy bar the doors, because people do not understand that most of the world’s investments are in the institutions and the sovereign funds. That is where the real money is.
This Will Affect Several AreasHe says ESG is not only affecting bitcoin. Institutions want to see all industries become green at some point, and many have pulled out of certain areas granted they are not witnessing much improvement. Oil is a major example in that despite boosts in cash flows, many institutions are refusing to invest:
That is sustainability committees pushing out the stocks out of mandates out of portfolios. That just gives you the idea of the power of the ESG mandate.
Bitcoin Price Analysis: BTC Eyes Further Gains above $42K
Bitcoin price started a fresh increase above the $38,000 resistance against the US Dollar.The price is now trading above the $38,000 zone and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct lower, but it is likely to remain well bid near $38,500 and $38,000.Bitcoin price is trading in a bullish zone above $38,000 against the US Dollar. BTC must surpass $41,500 and $42,000 for more upsides in the near term.
Bitcoin Price AnalysisBitcoin price formed a base above the $35,000 level and it recently started a fresh increase. BTC broke the $36,500 resistance level to move into a positive zone.
Bitcoin price started a fresh increase above the $38,000 resistance against the US Dollar.The price is now trading above the $38,000 zone and the 55 simple moving average (4-hours).There was a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct lower, but it is likely to remain well bid near $38,500 and $38,000.Bitcoin price is trading in a bullish zone above $38,000 against the US Dollar. BTC must surpass $41,500 and $42,000 for more upsides in the near term.
Bitcoin Price AnalysisBitcoin price formed a base above the $35,000 level and it recently started a fresh increase. BTC broke the $36,500 resistance level to move into a positive zone.
Crypto staking platform Moonstake adds support for TRON (TRX)
Moonstake, a staking pool protocol that also provides B2B services, today announced a partnership with the TRON Foundation, to enable staking support for TRX, the TRON blockchain’s native token.
Launching its staking business in 2020, Moonstake has developed a user-friendly web wallet and mobile wallet (iOS/Android) with support for over 2,000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach $1 billion.
Moonstake + TRONTRON is a leading blockchain well-known for its large and active community of users and developers.
The TRON Protocol, one of the largest blockchain operating systems, adopts an energy-efficient dPoS consensus mechanism to provide high throughput, high scalability, and high availability for decentralized applications in the TRON ecosystem
Additionally, the TRON-based TRC20 protocol hosts the largest circulation of a stablecoin with nearly 34 billion USDT at present. Its native coin, TRONIX (TRX), can be used to pay for a wide range of decentralized content and application services on the network.
“TRON is one of the fastest-growing ecosystems with a truly impressive growing volume of transactions and a vibrant ecosystem of DApps, especially in the DeFi space. We hope to accelerate global adoption of the TRON network and DeFi services; as well as scale both of our growing ecosystems together.”– Mitsuru Tezuka, Founder at Moonstake
Moonstake, a staking pool protocol that also provides B2B services, today announced a partnership with the TRON Foundation, to enable staking support for TRX, the TRON blockchain’s native token.
Launching its staking business in 2020, Moonstake has developed a user-friendly web wallet and mobile wallet (iOS/Android) with support for over 2,000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach $1 billion.
Moonstake + TRONTRON is a leading blockchain well-known for its large and active community of users and developers.
The TRON Protocol, one of the largest blockchain operating systems, adopts an energy-efficient dPoS consensus mechanism to provide high throughput, high scalability, and high availability for decentralized applications in the TRON ecosystem
Additionally, the TRON-based TRC20 protocol hosts the largest circulation of a stablecoin with nearly 34 billion USDT at present. Its native coin, TRONIX (TRX), can be used to pay for a wide range of decentralized content and application services on the network.
“TRON is one of the fastest-growing ecosystems with a truly impressive growing volume of transactions and a vibrant ecosystem of DApps, especially in the DeFi space. We hope to accelerate global adoption of the TRON network and DeFi services; as well as scale both of our growing ecosystems together.”– Mitsuru Tezuka, Founder at Moonstake
Anthony Hopkins’ New Thriller ‘Zero Contact’ to Premiere on NFT Platform
Award-winning movie star Anthony Hopkins’ new film called Zero Contact is set to launch on a new non-fungible token (NFT) platform this summer. The feature-length movie was produced entirely virtually during the 2020 global pandemic.
Anthony Hopkins Stars in Movie Launching as NFTA new feature-length movie starring Anthony Hopkins will premiere on a new non-fungible token (NFT) platform, Vuele, according to an announcement Wednesday by several companies involved.
The movie, called "Zero Contact," stars Hopkins, Veronica Ferres, Aleks Paunovic, Lilly Krug, TJ Kayama, and Martin Sternmark. Hopkins has won six Oscars, with the most recent win being this year for best actor in his role in the film "The Father."
Award-winning movie star Anthony Hopkins’ new film called Zero Contact is set to launch on a new non-fungible token (NFT) platform this summer. The feature-length movie was produced entirely virtually during the 2020 global pandemic.
Anthony Hopkins Stars in Movie Launching as NFTA new feature-length movie starring Anthony Hopkins will premiere on a new non-fungible token (NFT) platform, Vuele, according to an announcement Wednesday by several companies involved.
The movie, called "Zero Contact," stars Hopkins, Veronica Ferres, Aleks Paunovic, Lilly Krug, TJ Kayama, and Martin Sternmark. Hopkins has won six Oscars, with the most recent win being this year for best actor in his role in the film "The Father."
Seascape Network and Binance NFT Release Exclusive Zombie Mystery Box NFTs
20th July 2021, SINGAPORE – Leading DeFi and NFT gaming platform Seascape Network is working with Binance NFT, enabling the integration of BSC for exclusive NFTs from their upcoming Zombie game series on the brand new Binance NFT Marketplace.
Binance NFT Mystery Boxes
20th July 2021, SINGAPORE – Leading DeFi and NFT gaming platform Seascape Network is working with Binance NFT, enabling the integration of BSC for exclusive NFTs from their upcoming Zombie game series on the brand new Binance NFT Marketplace.
Binance NFT Mystery Boxes
Biden to Step Up Crypto Tax Enforcement to Help Fund $1 Trillion US Infrastructure Plan
U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets.
Taxing Crypto Transactions to Fund US Infrastructure PlanThe White House announced Wednesday that President Joe Biden and a bipartisan group of lawmakers have agreed on the details of “a once-in-a-generation investment” in the U.S. infrastructure.The bill will be taken up in the Senate for consideration, the White House stated, adding that “In total, the deal includes $550 billion in new federal investment in America’s infrastructure.”Measures to step up tax enforcement around crypto assets were added to the infrastructure bill at the last minute to raise funds to finance the infrastructure plan.The $550 billion will be spent over the next eight years on roads, bridges, high-speed internet, public transport, electric vehicles, airports, and shipping ports, among other areas.The measures impose heightened reporting requirements on crypto brokerages and exchanges. They will be required to provide details on cryptocurrency transactions of $10,000 or more to the Internal Revenue Service (IRS).The provisions are expected to raise an additional $28 billion from cryptocurrency transactions.
A fact sheet published Wednesday by the White House explains, “In the years ahead, the deal will generate significant economic benefits,” adding:It is financed through a combination of redirecting unspent emergency relief funds, targeted corporate user fees, strengthening tax enforcement when it comes to crypto currencies, and other bipartisan measures, in addition to the revenue generated from higher economic growth as a result of the investments.
U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets.
Taxing Crypto Transactions to Fund US Infrastructure PlanThe White House announced Wednesday that President Joe Biden and a bipartisan group of lawmakers have agreed on the details of “a once-in-a-generation investment” in the U.S. infrastructure.The bill will be taken up in the Senate for consideration, the White House stated, adding that “In total, the deal includes $550 billion in new federal investment in America’s infrastructure.”Measures to step up tax enforcement around crypto assets were added to the infrastructure bill at the last minute to raise funds to finance the infrastructure plan.The $550 billion will be spent over the next eight years on roads, bridges, high-speed internet, public transport, electric vehicles, airports, and shipping ports, among other areas.The measures impose heightened reporting requirements on crypto brokerages and exchanges. They will be required to provide details on cryptocurrency transactions of $10,000 or more to the Internal Revenue Service (IRS).The provisions are expected to raise an additional $28 billion from cryptocurrency transactions.
A fact sheet published Wednesday by the White House explains, “In the years ahead, the deal will generate significant economic benefits,” adding:It is financed through a combination of redirecting unspent emergency relief funds, targeted corporate user fees, strengthening tax enforcement when it comes to crypto currencies, and other bipartisan measures, in addition to the revenue generated from higher economic growth as a result of the investments.
US Senators and Treasury Reach Agreement on Crypto Requirements in Infrastructure Bill
Five U.S. senators have been working with the Treasury Department and have come up with a compromise crypto amendment to the $1.2 trillion infrastructure bill. "We’ve worked with the Treasury Department to clarify the underlying text and ensure that those who are not acting as brokers will not be subject to the bill’s reporting requirements."
Senators, Treasury Department Agree on Compromise Amendment for Crypto Reporting RequirementsThe U.S. Senate Committee on Banking, Housing, and Urban Affairs announced Monday that Senators Pat Toomey (R-Pa,) Mark Warner (D-Va.) Cynthia Lummis (R-Wyo.), Kyrsten Sinema (D-Az.), and Rob Portman (R-Oh.) have reached "an agreement on digital asset reporting requirements" in the infrastructure bill.
Five U.S. senators have been working with the Treasury Department and have come up with a compromise crypto amendment to the $1.2 trillion infrastructure bill. "We’ve worked with the Treasury Department to clarify the underlying text and ensure that those who are not acting as brokers will not be subject to the bill’s reporting requirements."
Senators, Treasury Department Agree on Compromise Amendment for Crypto Reporting RequirementsThe U.S. Senate Committee on Banking, Housing, and Urban Affairs announced Monday that Senators Pat Toomey (R-Pa,) Mark Warner (D-Va.) Cynthia Lummis (R-Wyo.), Kyrsten Sinema (D-Az.), and Rob Portman (R-Oh.) have reached "an agreement on digital asset reporting requirements" in the infrastructure bill.
Some really interesting news about TrendGuru AI project has been popping up in many crypto related media in the last few days. It looks like Artificial Intelligence has started a revolution in the crypto market!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Britney Spears May Have Successfully Used Bitcoin To Hide Purchases From Dad Since 2014
The strong fundamentals of Bitcoin, which make it a force to be reckoned with, have once again shown their positives with the recent revelation that embattled Popstar, Britney Spears, has been using the cryptocurrency.
A recent reveal by Tess Barker and Barbara Gray, who host the “Toxic” podcast that has been at the forefront of campaigning for the right of the artist to end her conservatorship status, claims that Britney Spears used Bitcoin since as far back as 2014 to hide purchases from her father, Jamie Spears, who is also her conservator.
The strong fundamentals of Bitcoin, which make it a force to be reckoned with, have once again shown their positives with the recent revelation that embattled Popstar, Britney Spears, has been using the cryptocurrency.
A recent reveal by Tess Barker and Barbara Gray, who host the “Toxic” podcast that has been at the forefront of campaigning for the right of the artist to end her conservatorship status, claims that Britney Spears used Bitcoin since as far back as 2014 to hide purchases from her father, Jamie Spears, who is also her conservator.
Forwarded from TrendGuru AI
Great deal from the first half of August. Very fast, very profitable.
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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.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
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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.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
Forwarded from TrendGuru AI
One more great deal in August. Low risk. Huge profit. Everything as we love.
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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.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
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.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
Hats Protocol Raises $3.5 Million for DeFi Incentivized Cybersecurity Network
Security has always been a recurring challenge faced by DeFi protocols. Over tens of exploits, leading to the loss of several millions of dollars, have occurred since the start of 2021 as black hat hackers keep taking advantage of vulnerabilities on these protocols. Hats Token is a solution-based DeFi protocol aiming to address the issue of hacks and exploits with the aid of a cybersecurity network that incentivizes hackers who discover vulnerabilities.
Hats’ decentralized cybersecurity network will be governed by community stakeholders made up of hackers, project core developers, and token holders. In view of this, Hats has raised $3.5 million in a seed round, from institutional investors which share the same interests, one of which is protecting decentralized finance from bad actors. Some of these investors include Greenfield One, Lemniscap, Spartan Capital, Collider Ventures, Accomplice. The influx of fresh capital will support Hats further development and product expansion goals.
Security has always been a recurring challenge faced by DeFi protocols. Over tens of exploits, leading to the loss of several millions of dollars, have occurred since the start of 2021 as black hat hackers keep taking advantage of vulnerabilities on these protocols. Hats Token is a solution-based DeFi protocol aiming to address the issue of hacks and exploits with the aid of a cybersecurity network that incentivizes hackers who discover vulnerabilities.
Hats’ decentralized cybersecurity network will be governed by community stakeholders made up of hackers, project core developers, and token holders. In view of this, Hats has raised $3.5 million in a seed round, from institutional investors which share the same interests, one of which is protecting decentralized finance from bad actors. Some of these investors include Greenfield One, Lemniscap, Spartan Capital, Collider Ventures, Accomplice. The influx of fresh capital will support Hats further development and product expansion goals.
Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days
The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency’s market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana’s crypto market capitalization has managed to surpass XRP’s overall valuation, taking the sixth position in the top ten this week.
Solana’s Month-Long Tear ContinuesSolana has managed to continue its ascent higher and higher as a great majority of the crypto economy coins have faltered in value. On Thursday, solana (SOL) reached an all-time high (ATH) at $213 per unit, and it’s a touch over 5.9% lower than that price point at the time of writing.The higher price has ballooned the crypto asset’s overall market capitalization and for the first time, SOL knocked XRP down a spot in terms of the top ten crypto positions.SOL also knocked DOGE down last week and today, solana’s market cap is hovering around $58.9 billion. Year-to-date, SOL has gained a massive 8,009% and a whopping 417% during the last 30 days. Today, SOL has $14.5 billion in global trade volume and the U.S. dollar is SOL’s top pair capturing 26.32% of all trades. This is followed by tether (USDT) with 21.5% of SOL swaps, bitcoin (BTC) with 18.57% of SOL trades, and BUSD with 14.73% of the market’s pairs.
Tether Increases Solana Issuance, $1K SOL Investment Turns Into $138K
The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency’s market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana’s crypto market capitalization has managed to surpass XRP’s overall valuation, taking the sixth position in the top ten this week.
Solana’s Month-Long Tear ContinuesSolana has managed to continue its ascent higher and higher as a great majority of the crypto economy coins have faltered in value. On Thursday, solana (SOL) reached an all-time high (ATH) at $213 per unit, and it’s a touch over 5.9% lower than that price point at the time of writing.The higher price has ballooned the crypto asset’s overall market capitalization and for the first time, SOL knocked XRP down a spot in terms of the top ten crypto positions.SOL also knocked DOGE down last week and today, solana’s market cap is hovering around $58.9 billion. Year-to-date, SOL has gained a massive 8,009% and a whopping 417% during the last 30 days. Today, SOL has $14.5 billion in global trade volume and the U.S. dollar is SOL’s top pair capturing 26.32% of all trades. This is followed by tether (USDT) with 21.5% of SOL swaps, bitcoin (BTC) with 18.57% of SOL trades, and BUSD with 14.73% of the market’s pairs.
Tether Increases Solana Issuance, $1K SOL Investment Turns Into $138K
Ethereum scaling solution Boba Network now live with public mainnet launch
Boba Network, a next-generation Ethereum scaling solution, today announced the mainnet launch of its layer-2 Optimistic Rollup. Developed by OMG Foundation core contributor Enya, and based on the publicly available, open-sourced Optimism codebase, Boba Network aims to deliver a faster, cheaper, more seamless experience for the next billion users of Ethereum.
In addition to its public mainnet launch, OMG Foundation will be releasing its new $BOBA token to support decentralized governance of the network.
Boba Network, a next-generation Ethereum scaling solution, today announced the mainnet launch of its layer-2 Optimistic Rollup. Developed by OMG Foundation core contributor Enya, and based on the publicly available, open-sourced Optimism codebase, Boba Network aims to deliver a faster, cheaper, more seamless experience for the next billion users of Ethereum.
In addition to its public mainnet launch, OMG Foundation will be releasing its new $BOBA token to support decentralized governance of the network.
New Altcoin Built on Solana Is Surging After Receiving Support From Crypto Exchange Binance
A new altcoin built on the Solana (SOL) network is surging after being listed on the global cryptocurrency exchange Binance.
Launched in December of last year, the Bonfida (FIDA) product suite was built with three main objectives targeting the future of decentralized finance (DeFi) within the Solana realm.
According to the Binance announcement,
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A new altcoin built on the Solana (SOL) network is surging after being listed on the global cryptocurrency exchange Binance.
Launched in December of last year, the Bonfida (FIDA) product suite was built with three main objectives targeting the future of decentralized finance (DeFi) within the Solana realm.
According to the Binance announcement,
“
Bitcoin Is Bullish Until Proven Otherwise, Says Top Crypto Strategist – Here’s His Invalidation Level for BTC
A widely followed trader and crypto strategist says he’s bullish on Bitcoin (BTC) until the price action proves him wrong.
In a new strategy session, pseudonymous trader DonAlt says that BTC is currently facing a weak resistance area in the weekly timeframe as the largest crypto asset continues to trade above $50,000.
“For me, you can argue that this is one [resistance at $60,000]. But for me, this has been tested so many times… I think there’s a good chance that we get checked here for a time, but I don’t think it’s going to hold longer-term. So I’m just going to remain bullish until I see weakness. Right now, I don’t really see too much of any kind of weakness. So [I’m] bullish until proven otherwise.”
Looking at the daily timeframe, DonAlt says it is clear skies ahead for BTC.
A widely followed trader and crypto strategist says he’s bullish on Bitcoin (BTC) until the price action proves him wrong.
In a new strategy session, pseudonymous trader DonAlt says that BTC is currently facing a weak resistance area in the weekly timeframe as the largest crypto asset continues to trade above $50,000.
“For me, you can argue that this is one [resistance at $60,000]. But for me, this has been tested so many times… I think there’s a good chance that we get checked here for a time, but I don’t think it’s going to hold longer-term. So I’m just going to remain bullish until I see weakness. Right now, I don’t really see too much of any kind of weakness. So [I’m] bullish until proven otherwise.”
Looking at the daily timeframe, DonAlt says it is clear skies ahead for BTC.
Forwarded from TrendGuru AI
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.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
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.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!