Metrics: Crypto Implosions Result From Centralized Entities
A Redditor said that the failure of all unsuccessful crypto businesses was due to the fact that they were all centralized, not because they were crypto.
Critics Face the Media for Whitewashing SBF`s Actions
Allegedly, the media has been whitewashing the activities of SBF and the company just because non-crypto users are unaware of his exact actions. Read CNL.
Binance Allegedly Moved $2.7 Billion to Undisclosed Wallet
20 hours after publishing proof of reserves, Binance moved 2.7 billion USDT to another wallet. There is no reference to this wallet being a Binance wallet.
The CEX Wars Have Started, Which Exchanges Will Survive?
Notably, the exchanges that gave off the appearance of being the most stable were actually among the first to crash.
SBF and Alameda Allegedly Use FTX In ‘Infinite Money’ Scheme
According to current data, FTX’s own centrally managed and created out-of-thin-air token really makes up the bulk of the net equity in the Alameda firm.
Moon`s Implications to increase if Twitter Integrates DOGE
The cryptocurrency community is buzzing about Elon Musk’s $44 billion acquisition of the social media site Twitter. It may have important effects in the crypto world.
Why This Bear Market Is Different From Previous Ones
Every previous bear market “declared” the death of cryptocurrencies. Everyone is really simply there to watch their stock portfolio soar to dizzying heights. Goldman Sachs has already started trading Bitcoin. According to a Reddit thread, the cryptocurrency was “proclaimed” dead in each and every prior bear market. We only saw so many adoptions and collaborations develop during this Bear Market, which is currently a recession (or at least it feels like one). The bear market has already seen several significant partnerships and adoptions from well-known brands, businesses, governments, and financial institutions only this year. There is no denying that broad
NFT Collection Doodles Raises $54M at $704M Valuation
Doodles have raised $54 million at a value of $704 million. NFTs serves as a representation of real-world or digital asset ownership. Proskauer guided the company through its initial round of funding and corporate formation. Reddit co-founder Alexis Ohanian’s venture capital firm, Seven Seven Six, took the lead in the funding round. Doodles, a collection of non-fungible tokens (NFTs), has raised $54 million at a value of $704 million, according to the company’s Twitter account. The ownership of real or virtual assets is represented by NFTs, which are digital assets. “We are leveraging the capital to swiftly hire a world-class
Bitcoin Struggles to Gain Momentum Despite Microsoft Support
Microsoft Excel adds the Bitcoin currency symbol to its list of currencies. The price of Bitcoin (BTC) took a hit 3 days ago and fell by over 10%. Bitcoin struggles to gain momentum amidst the fearful crypto market sentiment. In a stunning show of support, Microsoft Excel added the Bitcoin (BTC) currency symbol ‘₿’ to its list of currencies on its software. This is certainly exciting news as this shows that Bitcoin (BTC) has indeed joined the mainstream world. Adding on, this not only means that the masses believe that Bitcoin (BTC) is here to stay, but it also shows
Redditors Recognize Signs for Crypto Bull Market Start
Two posts on Reddit indicate the onset of a crypto bull market. The first post says Bitcoin (BTC) will have monthly gains to rival that of October 2021. The second post highlights signs for the commencement of a crypto bull market. As 2022 settles deeper into Q3, the market seems to be leaning towards bright green signs for the crypto industry. Indeed, it looks like the stoic crypto winter is finally at an end. Crypto Redditers discuss the clear and high signs of the onset of a crypto bull market. To highlight, two posts on the CryptoCurrency Reddit thread have
11-Year Cryptocurrency Prediction Turning into Reality
11 years have surpassed since the prediction was done. Bitcoin mining is dominated by a handful of large companies. We’ve seen a dramatic shift in the bitcoin mining landscape. In 2011, a Reddit user made a post on the bitcoin subreddit that accurately predicted the future of bitcoin mining and renewable energy. In his post, the user argued that as bitcoin mining difficulty increased, miners would eventually turn to alternative energy sources such as solar and wind power. He also predicted that the mining industry would consolidate into a few large players who could afford to invest in renewable energy.
Reddit Introduces Blockchain-Backed Collectible Avatars as NFTs
Reddit announces an NFT collection of its own with Collectible Avatars. Together with Storefront and the Polygon network, artists can make the best of their work. Interested parties do not need cryptocurrency to buy these NFT avatars. Reddit is thrilled to announce the introduction of an NFT-based avatar marketplace. This platform will arrive in partnership with the Polygon network. It will also be brought to users by New Storefront. The blockchain-backed collectible has enticed Redditers everywhere. As we can see from responses to the tweet, most users are excited to see how fast the community has grown. The majority are
