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Jesus Dawal Jr.

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rating : 4.5

view : 12.5K

posts : 337

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Cardano-Speeds-up-Network-Upgrades,-Gears-To-Hit-$1-Soon
BlockFi CEO Irked by Celsius, Voyager Comparison

Zac Prince told people not to compare BlockFi with Celsius and Voyager. FTX has acquired BlockFi for $25 million. Celsius has hired new lawyers to explore its Chapter 11 bankruptcy options, while Voyager explained where customers’ money is held. BlockFi CEO Zac Prince took his displeasure to Twitter at being placed in the same league with embattled Celsius Network and Voyager Digital. As stated in the tweet, people should not put “BlockFi in the same bucket/sentence as Voyager and Celsius.” However, he admitted that two months ago, their situation were similar. In detail, BlockFi has been struggling in many areas

2 mins read
Hoskinson-Praises-Algorand;-When-Cardano-Partnership
Hoskinson Praises Algorand; When Cardano Partnership?

Charles Hoskinson praised Algorand, saying it is an excellent project with exceptional people. Hoskinson’s tweet received mixed reactions from the Twitter community. Algorand is a PoS blockchain ecosystem much like Cardano. Cardano’s chief personality Charles Hoskinson recently endorsed Algorand, saying that it is an “excellent project with exceptional people.” This tweet was part of him lauding the platform for hiring John Woods as CTO. For those unfamiliar with the project, Algorand is a blockchain ecosystem much like Cardano. It uses the Proof-of-Stake (PoS) consensus mechanism. Meanwhile, its native cryptocurrency ALGO has a maximum supply of 10 billion. It is currently

2 mins read
Is-It-Bottom-Already-Crypto-Analyst-Says-Otherwise
Is It Bottom Already? Crypto Analyst Says Otherwise

The crypto market is seeing price surges, as the combined market capitalization is about to hit $1 trillion again. Crypto analyst il Capo of Crypto believes the bottom is not yet in. Meanwhile, SBF believes the worst is over for the crypto market. The crypto market is all-green once more, as most cryptocurrencies including Bitcoin and Ethereum are now witnessing slight upticks.  For example, Bitcoin is currently trading at $21,509.69, according to CoinGecko. This is a 24-hour increase of 5.5%. Meanwhile, Ethereum is trading above $1,240, a convincing 6.8% surge in the last 24 hours and 13% in the last

1 min read
Michael-Saylor-US-To-Profit-Most-From-Crypto-Adoption
Michael Saylor: US To Profit Most From Crypto Adoption

Michael Saylor claims the US will benefit the most if the world adopts cryptocurrencies. As of the end of 2021, global adoption of cryptocurrency grew by 2,300% from Q3 2019. A country in the Middle East might adopt Bitcoin as a legal tender. MicroStrategy CEO Michael Saylor claimed that the United States will benefit the most if the world adopts cryptocurrencies. Always a Bitcoin bull, Saylor specifically mentioned the chief cryptocurrency, saying that it offers a “sound ethical, technical, and economic foundation” for the digital economy. As seen in the tweet, he also forwarded a document submitted by the Bitcoin

2 mins read
Crypto-Abuzz-as-SBF-Makes-“Worst-Is-Over”-Remark
Crypto Abuzz as SBF Makes ‘Worst Is Over’ Remark

Sam Bankman-Fried said the worst of the liquidity crunch is over. FTX has purchased BlockFi for $25 million. FTX also partnered with Ledger to enable exchange users to swap using Ledger Live. The crypto market is hyped anew as FTX CEO Sam Bankman-Fried said bullish remarks on top of major announcements. In an interview with CNN, Bankman-Fried, more popularly known simply as SBF, said that the worst of the liquidity crunch is over. SBF referred to the demise of various cryptocurrency and blockchain firms as a result of the ongoing crypto winter. He implied that these struggling firms have either

2 mins read
Tether Being Shorted by Hedge Funds, CEO Speaks Up

Paolo Ardoino said hedge funds are shorting USDT with the hopes of recreating TerraUSD’s demise. He asserts USDT is 100% backed by the company’s US dollar reserves. Leading US dollar-based stablecoins are still changing hands at $1 per piece. It appears the stablecoin crucible has still not ended with TerraUSD (UST), as Tether CEO Paolo Ardoino revealed that Tether USD (USDT) is now the next target of hedge funds. In the thread, Ardoino mentioned USDT/USD perpetual futures as one of the “tool” for the attack. Other strategies include short-selling of the borrowed USDT in the spot market, as well as

2 mins read
Bitcoin and Ethereum Smash New All-Time High at the Same Day
SEC Ditches ETH, Says Only BTC Is Commodity-Material

SEC Chairman Gary Gensler said he is willing to acknowledge Bitcoin as a commodity. People misinterpreted Gensler, claiming that he recognized Bitcoin as a commodity already. Should Bitcoin become the only commodity, then Ethereum may be considered a security. The crypto space is paying close attention to the US Securities and Exchange Commission (SEC) again, as Chairman Gary Gensler made some bold statements regarding Bitcoin. https://twitter.com/DocumentingBTC/status/1541437342401150982 As heard during the interview, Gensler is willing to acknowledge Bitcoin as the only cryptocurrency that may be considered a commodity. This effectively makes every altcoin a security in Gensler’s eyes. However, many people

2 mins read
ConsenSys-Partners-With-Oasys-for-Blockchain-Gaming
ConsenSys Partners With Oasys for Blockchain Gaming

ConsenSys has partnered with blockchain network Oasys. The partnership will focus on providing infrastructure support for blockchain gaming. Yield Guild Games (YGG) is also taking an active role in the partnership’s success. ConsenSys has revealed its partnership with Oasys, a blockchain network created specifically for gaming. The collaboration seeks to “build better network infrastructure” for blockchain gaming. Oasys detailed the scope of the partnership in a Medium post. For instance, ConsenSys will offer infrastructure support to the Oasys network through a number of services including MetaMask. On the other hand, ConsenSys can benefit from the collaboration due to the potential

1 min read
African-Nations-Trialing-CBDC-After-Nigeria’s-e-Naira
African Nations Trialing CBDC After Nigeria’s e-Naira

South Africa and Ghana are now trialing their own CBDC. Nigeria has formally launched its e-Naira after a successful pilot that ran for months. The Bahamas is the first country in the world to launch its CBDC, followed by Nigeria. More African countries are now trialing their own central bank digital currency (CBDC) following Nigeria’s official launching of its own e-Naira. According to the International Monetary Fund (IMF), at least South Africa and Ghana are hot on the heels of Nigeria. Specifically, the South African Reserve Bank is now running tests with its wholesale CBDC. Financial institutions in the country

2 mins read
CZ-Shuns-Coinbase-Comparison-After-Binance
CZ Shuns Coinbase Comparison After Binance.US Drops BTC Fees

Binance.US removed all fees when trading bitcoin on 4 spot markets: USD, USDT, USDC, and BUSD. People compared Binance.US to Coinbase, to which Changpeng Zhao responded. Most cryptocurrency exchanges rely on trading fees for revenue. Binance.US grabbed the spotlight within the US crypto community after the exchange removed all fees when trading bitcoin. This applies to all users, whether new or old. According to an announcement, the zero bitcoin fee will apply on four spot market pairs, namely BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. People were quick to praise Binance.US, which radiates to the mother company Binance. However, some compared Binance.US

2 mins read
Reef-Price-Prediction
Reef Finance (REEF) Price Prediction 2022: Is $0.1 EOY Price Possible?

Bullish Reef (REEF) price prediction 2022 is $0.04. Conservative REEF price prediction 2022 is $0.005. Reef Finance is the native cryptocurrency of the Reef Chain ecosystem. Important: This Reef Finance (REEF) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their REEF price forecast outcome differently. Hence, we strongly suggest to do your own research before buying REEF.  The 2022 crypto market has been nothing short of surprising, full of ups (but mostly down). In most cases, the

7 mins read
ProShares-To-Launch-First-US-Short-BTC-Linked-ETF
ProShares To Launch First US Short BTC-Linked ETF

ProShares will launch its short Bitcoin-linked ETF in the US on June 21. Alongside BITI, ProShares’ mutual fund affiliate ProFund will launch BITIX. In November 2021, ProShares also received an approval to launch the first Bitcoin-linked ETF in the US. ProShares announced that it will be formally launching its short Bitcoin-linked exchange-traded fund (ETF) in the US on June 21. Named ProShares Short Bitcoin Strategy (BITI), this will become the first of its kind in the US. According to a press release, ProShares’ new ETF offering will “address the challenge of acquiring short exposure to Bitcoin.” Michael Sapir, CEO of

1 min read