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Under-the-Radar Catalyst Could Secretly Spark Huge Long-Term Bitcoin Rally, Says Crypto Analyst Benjamin Cowen

Popular crypto analyst Benjamin Cowen says that one overlooked catalyst could ignite a big long-term rally for Bitcoin (BTC).

In a new strategy session, the analyst takes a look at the dollar index (DXY), which compares the US dollar against a basket of other major fiat currencies. Generally speaking, a weaker dollar can often imply higher prices in many assets.

 The analyst says one thing that could put extra bullish energy behind Bitcoin is the DXY beginning a macro trend downward. According to Cowen, the DXY is potentially on the edge of a bearish trend as it gets rejected from its 100-week simple moving average (SMA).

“Ideally speaking, in order to really be the best conditions for Bitcoin, we’d like to see this keep coming on down. This would be the best condition for Bitcoin and here’s the crazy thing when you talk about the US dollar currency index… Look at the actual macro range.” 
Finder Survey: Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally

According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%.

Bitcoin Is the Most Popular Coin in NigeriaIn addition to finding the West African nation as the country with the highest proportion of citizens that hold cryptocurrencies globally, the survey also discovered that “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at 66.5% of crypto owners.” Alternatively, this means more than half of the 24.2% of Nigerian respondents that own cryptocurrencies are in fact bitcoin holders.
The largest crypto casino 7BitCasino gives out free bonuses to newcomers

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Hedge Fund Manager Anthony Scaramucci Compares Bitcoin to Amazon in the Year 2000, Predicts Strong Q1 for BTC

Renowned hedge fund manager Anthony Scaramucci is comparing Bitcoin (BTC) to e-commerce giant Amazon, which was volatile in its early days but eventually became one of the best-performing stocks.

In a new interview on CNBC’s Squawk Box, the SkyBridge Capital founder says Bitcoin has grown exponentially in terms of fundamentals over the last year and that the recent correction gives investors a chance to buy at a discount. 
These Two Altcoins May Have Made It Into Elon Musk’s Crypto Portfolio, According To Speculators

The billionaire CEO of Tesla, Elon Musk, has an obvious soft spot for Dogecoin (DOGE) which he holds and regularly pumps with his engaging Twitter activity. Besides Dogecoin, Musk has only revealed that he also holds Bitcoin and Ether.

However, speculations continue to persist in the cryptocurrency community that the mega-entrepreneur may hold some cryptocurrencies that he is yet to disclose to the public. The contending cryptocurrencies proposed by market observers that Musk may discreetly hold include XRP and meme coin Floki Inu (FLOKI).
Elon Musk: Doge Is Better Than BTC Because It Doesn’t Just Empower Rich People

Elon Musk has come out in support of Dogecoin once again. This time, he’s saying it’s superior to bitcoin primarily because all the latter has done is give power to new rich people.

Elon Musk On Why He Supports DogeMusk has long been a proponent of Dogecoin. He has referred to it as the “people’s coin” and at one point, was in line to become the newest CEO of the asset. This later turned out to be internet fluff, though it sure had investors going. In a recent interview, the co-founder of Dogecoin Billy Markus explained the following about the successful meme token:

My goal is to build stuff and make money and have fun. I’m used to the corporate establishment and don’t really see any meaningful break away from it. Bitcoin just gives power to new rich people.
WhiteBIT Becomes First Crypto Exchange To Build Its Virtual Office In The TCG World Metaverse

You’ve surely noticed how the metaverse is growing in popularity by the day, aided by Facebook’s deliberate decision to rebrand to Meta and create their own metaverse. People are buying virtual land for enormous quantities of money, and big companies like Nike and Adidas are constructing virtual places in blockchain-based games like The Sandbox and Decentraland.

TCG World, a metaverse project where everything a player owns is stored on the blockchain, just announced a partnership with WhiteBIT, the first cryptocurrency exchange to set up shop in the TCG World Metaverse.
US Lawmakers Working on Policy to Open Crypto Markets to Institutional Investors, Says Kevin O’Leary

Kevin O’Leary, aka Mr. Wonderful, has revealed that a group of U.S. lawmakers is working on a policy to open crypto markets to institutional investors. “The good news is they are all over it and agree there is tremendous opportunity once they pass policy,” said O’Leary.

U.S. Senators Working on Crypto Regulation for Institutional InvestorsShark Tank star Kevin O’Leary revealed in a series of tweets Thursday that he just had a bipartisan meeting with a group of U.S. lawmakers to discuss crypto regulation.
Cardano (ADA) Price Analysis: Bulls In Control Above $1.1

Cardano price is climbing above $1.15 against the US Dollar, similar to bitcoin. ADA price could continue to rise if there is a clear move above the $1.245 level.

Cardano Price AnalysisThis week, cardano price saw a fresh increase from the $1.05 support zone against the US Dollar. The ADA/USD pair broke the $1.10 and $1.15 resistance levels to move into a bullish zone.

There was a close above the key $1.10 resistance and the 55 simple moving average (4-hours). The bulls even pumped the price above the $1.20 level. A high was formed near $1.2456 and the price is now consolidating gains.
YGG SEA Announces the SEA Token IDO Public Sale on Copper

May 3, 2022 – Taipei, Taiwan

Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), today announced the upcoming initial DEX offering (IDO) of its SEA token on the Copper launchpad.The SEA token launch auction will commence on the Copper platform on May 9, 2022, at 15:00 UTC, and it will run through May 14, 2022. A total of 75 million SEA tokens have been allocated to the IDO public sale, representing 7.5% of the total supply of one billion tokens. The starting price is set at 50 cents.

Irene Umar, co-founder of YGG SEA, said,
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.
A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities

A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrency fund to invest in the development of Web3 startups. This fourth crypto fund from the firm, which will launch with a budget of $4.5 billion dollars, is set to focus on several key fields in the crypto environment, including blockchain games and decentralized finance.

A16z Bets Big on Web3 and CryptoA16z, one of the most active VC firms in crypto, has revealed it is launching yet another crypto investment fund. The new endeavor of the company, which will have $4.5 billion at its disposal, will focus on Web3 investments in companies at any growth rate. This, according to the company, is a bet on blockchain as one of the important technologies of the future.

A blog post written by Chris Dixon, a general partner at A16z and founder and leader of its crypto division, stated:

We think we are now entering the golden era of Web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users. More importantly, a massive wave of world-class talent has entered Web3 over the last year.

With this capital, the funds invested by A16z in the crypto ecosystem go over the $7.6 billion mark.

Investment ObjectivesA16z also explained how it is allocating the funds. In the blog post, Dixon clarifies that $1.5 billion will be put in seed investments, for companies that are still in the initial stages of their growth, and have to rely on investors to fund their operations. The other $3 billion will be put behind various venture investments not yet specified by the company.

The scope of A16z is large, the firm stating its investments will encompass different areas of the crypto community, including “web3 games, Defi, decentralized social media, self-sovereign identity, layer 1 and layer 2 infrastructure, bridges, DAOs, governance, NFT communities, privacy, creator monetization, regenerative finance, new applications of ZK proofs, decentralized content & story creation.”

The company also announced it will keep growing its operational team to offer better assistance to its portfolio companies, including research and engineering, security, talent and people, legal assistance, and marketing.

A16z has also been active in other recent investments involving crypto and tokenization. It recently led an investment round in Flowcarbon, a carbon tokenization company backed by Wework co-founder Adam Neumann.
Three Arrows Capital Receives Notice of Default on $665,000,000 in Debt Owed to Voyager Digital

A large crypto exchange is issuing a notice of default to a major crypto hedge fund.

In a new announcement, Voyager Digital says they intend to seek and recover both Bitcoin (BTC) and US Dollar Coin (USDC) owed by Three Arrows Capital.

“[Voyager Digital] has issued a notice of default to Three Arrows Capital (3AC) for failure to make the required payments on its previously disclosed loan of 15,250 BTC and $350 million USDC.”
Unique Move-to-Earn Fitness Startup beFITTER Discloses Mainnet Launch

beFITTER, a unique move-to-earn platform that focuses strictly on health and fitness has disclosed its mainnet launch scheduled for July 22. This will see the platform providing users with the official version of the beFITTER app with bugs fixed and bringing users the most satisfying experience and intense excitement ever.

The crypto industry has grown significantly as several innovative projects continue to storm the space. These projects have emerged with several unique mechanisms that have made the industry exciting and profitable for enthusiasts.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!

Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.

CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.

When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!

Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.

The metauniverse is scheduled to launch on September 1.
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!

Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.

Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!

Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Crypto.com Accidentally Sent $7 Million to Customer — Sues 7 Months Later to Get It Back

Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds.

Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 MillionThe Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto exchange Crypto.com accidentally transferred more than AUD$10.47 million ($7.26 million) to a customer’s account on May 20, 2021.The crypto firm made claims against eight defendants, including Thevamanogari Manivel, the Crypto.com customer whose account received the AUD$10.47 million in error. The court document shows that in May last year:

Instead of refunding $100 [Australian dollars] as intended, $10,474,143 was erroneously transferred … to Manivel after an account number was accidentally entered into the payment amount field.
Kyber Network Exploited for $265,000

Kyber Network has revealed that it has been the victim of an exploit that saw $265,000 stolen. The team published a blog post saying that it had identified and neutralized an exploit discovered on its front end. All users that have been affected will be reimbursed.

1/ ❗️Notice of Exploit of KyberSwap Frontend:We identified and neutralized an exploit on the KyberSwap frontend. Affected users will be compensated. We have summarized the details in this thread⬇️