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Showing posts from May, 2023

Missing 'bitcoin millionaire' and crypto founder found dead in Ozarks

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A missing ‘bitcoin millionaire’ has been found dead in North-West Arkansas after disappearing earlier this month, his family revealed on Tuesday. ER doctor and cryptocurrency creator John Forsyth was reported missing on May 21 after he failed to show up to work at Mercy Hospital in Cassville, a small town deep in the Missouri Ozarks. His brother and crypto business partner Richard Forsyth said at the time, “He wouldn’t miss a shift even if his eyeballs were hanging out of their sockets… It was an immediate red flag.” Forsyth’s last moment of contact was a text he sent in the early morning on the day of his disappearance to his recently engaged partner. His car was discovered unlocked at a nearby lake. His mobile phone, work briefcase, wallet, and passport were left inside.  Despite a nine-mile radius search from police involving dogs and drones, Forsyth remained missing for over a week. On Tuesday night, authorities reportedly contacted Forsyth’s family to reveal they had found the

The Rise of Social Fitness: Community Building In Walk-To-Earn Apps

Since the Covid-19 pandemic, exercising has been a key issue across global health circles. It is human to look at a treadmill and sigh: “You can’t pay me enough to spend my time on that!” However, others find some motivation in exercise if they are paid to do it. Imagine a world where walking or exercising not only contributes to a healthier lifestyle but also allows you to earn rewards. This concept has been made possible through innovative walk-to-earn apps. At the height of the pandemic, walk-to-earn apps such as Sweatcoin and STEPN gained massive popularity as people looked for ways to keep fit when the gyms were closed. By using these apps, each step the user takes, and each calorie burnt becomes an opportunity to earn rewards or incentives. This ingenious fusion of technology, physical activity, and motivation encouraged individuals to embrace an active lifestyle. The beauty lies in the simplicity of the idea: converting our daily walks into valuable revenue. The ris

Ex Coinbase Product Manager Settles Insider Trading Charges with SEC

Former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, have settled charges brought against them by the U.S. Securities and Exchange Commission (SEC) for engaging in insider trading. The SEC alleged that Ishan Wahi while working at Coinbase, coordinated the platform’s public listing announcements regarding crypto assets available for trading. Instead of keeping the information confidential, Ishan repeatedly tipped off his brother and a friend, Sameer Ramani, about the timing and content of the upcoming listings. Today former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities.https://t.co/yt2hHEAJMV pic.twitter.com/6dy9KMd5mY — U.S. Securities and Exchange Commission (@SECGov) May 30, 2023 Armed with this inside information, Nikhil Wahi and Ramani allegedly purchased at l

LSD for DeFi: Tenet, LayerZero partner to drive cross-chain liquid staking adoption

Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem. Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero. Tenet has plugged into LayerZero’s cross-chain protocol to access the wider DeFi ecosystem across a number of different blockchains. The Cosmos-based blockchain is a DeFi-focused ecosystem which provides liquid ity and yield products for liquid staking derivatives (LSDs). LSDs have been a central cog in the DeFi ecosystem for some time. A prime example is Ethereum (ETH) liquid staking pools like Lido allowing users to stake and unstake ETH seamlessly leading to massive amounts of capital being staked for lucrative yields. Tenet’s network allows users to create projects and tokens which will now be integrated with LayerZero technology. The intero

Famous Trader Talks About a Major Bitcoin Signal Nobody Has Noticed Yet

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Join Our Telegram channel to stay up to date on breaking news coverage In a recent YouTube video, well-known trader and investor Alessio Rastani discussed an often overlooked but highly significant signal in the Analysis of Bitcoin and cryptocurrencies. He emphasized the importance of paying attention to comments and social media discussions surrounding Bitcoin, as they can provide valuable insights into the sentiment and outlook of market participants. Kiss of Death? Alessio started by recounting a previous video where he questioned the possibility of a “Kiss of Death” signal on Bitcoin’s monthly chart in 2023. He stated that he was bullish on Bitcoin and believed a bearish signal was unlikely as long as Bitcoin remained above $20,000. However, the comments he received on that video contradicted her outlook, expressing pessimism and disagreement with her bullish Analysis . The trader argued that these comments hold special meaning and significance in understanding the curre

Bitcoin Reclaims $28,000 Amidst U.S. Debt Ceiling Discussions

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Bitcoin [BTC], the world’s largest crypto asset has been teasing the entire ecosystem. Following its peak at $30K in April, the king coin experienced a decline and fell below this threshold. It struggled to find significant support at $27,000 for an extended period. Nevertheless, in the midst of the U.S. debt ceiling discussion, Bitcoin successfully regained the $28,000 mark. Bitcoin experienced a notable surge earlier today, reaching a high of $28,432, following a daily increase of 2.99%. This significant rise occurred from a range of $27,125. The upward movement was further bolstered by a substantial 70% surge in trading volume over the course of 24 hours. Source – BTC/USDT Chart on TradingView As seen in the above chart, the king coin witnessed a notable upswing compared to its recent days. The volumes in the Bitcoin market are also visibly high. Additionally, the Relative Strength Index [RSI] indicator announced that the crypto was being overbought at the moment.

BTC, ETH in Billions Moved Off Exchanges While Only $630M USDT Enters

In a recent on-chain exchange flow report, data from Glassnode shows that Bitcoin (BTC) and Ethereum (ETH) witnessed significant net outflows from crypto exchanges. At the same time, the popular stablecoin Tether (USDT) experienced an influx of funds. The report indicated that Bitcoin saw $661.2 million flowing into exchanges within 24 hours, but a higher amount of $797.8 million was withdrawn, resulting in a net outflow of negative $136.5 million.  Daily On-Chain Exchange Flow#Bitcoin $BTC ️ $661.2M in ️ $797.8M out Net flow: -$136.5M#Ethereum $ETH ️ $310.7M in ️ $1.1B out Net flow: -$821.8M#Tether (ERC20) $USDT ️ $809.5M in ️ $630.4M out Net flow: +$179.0Mhttps://t.co/dk2HbGwhVw — glassnode alerts (@glassnodealerts) May 27, 2023 This negative net flow suggests that investors and traders are moving their Bitcoin holdings away from exchanges, possibly for long-term storage or alternative investment opportunities. On the other hand, Ethereum, the second-l

Gaming is the ‘largest scale opportunity’ for crypto — Polygon co-founder

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Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface. Sandeep Nailwal, the co-founder of the Ethereum scaling platform Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption. In a May 25 Ask Me Anything (AMA) in the r/India community on Reddit, Nailwal was asked what he sees as some genuine at- scale “real life” use cases for blockchain other than trading and payments. In response, Nailwal stated: “I think gaming is the largest scale opportunity for crypto," adding: “There are some top games launching in Web3 in the next 6-18 months and it would be very interesting to see if some of them are able to crack the crypto code. Last year itself there was $2 billion+ in funding for Web3 games.” “Polygon combined with its ecosystem players like IMX [Immutable X] got the lion's share in terms of those funded games. Fingers crossed

Bitcoin Miners Offload 1K BTC as Price Slides Below $27K

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Bitcoin [BTC], the world’s largest crypto currency, has been struggling to find support at $27K. Time and again, the asset was seen falling below this level, causing chaos in the market. At press time, the king coin was trading for $26,408.53, a dainty increase of 0.71%.  The significant drop in Bitcoin’s price can be attributed to a range of factors, including macroeconomic influences that have had a substantial impact on BTC. One such factor is the ongoing concern surrounding the debt ceiling in the United States, which has negatively affected the price of the crypto . Several have been highlighting the possibility of BTC plummeting even further if the debt ceiling crisis continues. Additionally, Bitcoin miners have been noted selling off their holdings, further adding to the downward pressure on BTC’s price. The combination of these factors has played a role in the recent decline in the value of Bitcoin. Crypto analyst Ali took to Twitter to notify the community that B

Bitcoin Continues Slide As Risks Drop To $25,700

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May 25, 2023 at 10:00 // Price Author Coin Idol Bitcoin (BTC) price is under renewed selling pressure as the upside has stalled near the $27.500 high. Bitcoin price long-term forecast: bearish Since May 12, the BTC price has hovered between $26,400 and $28,000, triggering a bidding war between buyers and sellers. Unable to keep the price above the high of $27,500, buyers were rebuffed three times. On May 24, the lower price range was undercut, giving the advantage to the sellers. The largest cryptocurrency is expected to fall further in light of the recent event

XRP Price Prediction: XRP Surges 7.5% as Ripple Prepares for a Bullish Move

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Join Our Telegram channel to stay up to date on breaking news coverage XRP began the day on a bearish note, with its price dropping to a low of $0.45000 within the first hour. However, it found support at the First Major Support Level (S1), at $0.4515. Subsequently, XRP experienced a recovery and reached a peak of $0.46747 during the mid-morning session. Surpassing the First Major Resistance Level (R1) at $0.4665, XRP briefly dipped below $0.4550 but soon found additional support. Ultimately, XRP concluded the day at $0.46179. Here’s today’s XRP price prediction. Ripple Case and Debt Ceiling Crisis Drive XRP’s Fate For a second session, SEC v Ripple case chatter and U.S. debt ceiling-related news dominated, influencing XRP’s performance because of the lack of updates from the ongoing case. Over the weekend, Amicus Curiae attorney John Deaton shared Exhibit 220 from the SEC vs Ripple case, which acknowledges reasonable grounds showing that XRP does not satisfy all Howey fact

Portfolio management provider GoodCrypto joins Cointelegraph Accelerator

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GoodCrypto joins a dedicated Cointelegraph support program for Web3 innovators to increase its brand value and scale up marketing efforts. With crypto markets rebounding since the beginning of 2023, retail investors are rediscovering their appetite for cryptocurrencies and other digital assets. For example, the Crypto Fear and Greed Index hit its highest index score earlier this year, recording 66 on March 20. This index aims to numerically represent current sentiment toward the crypto market, with the highest score being 100. A score of 66 has not been recorded since November 2021, when Bitcoin hit an all-time high of $69,000. In the wake of transitioning back to traditional work environments after several years of widespread remote employment, an increasing number of people have found themselves leveraging their mobile devices and online services as essential tools for both professional and recreational trading. Taking into account these evolving consumer behaviors, it’s becoming ev

From ANKR To This Hot GameFi Token: Why Investors Are Switching Over

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The GameFi sector has been rapidly evolving, with new projects emerging and capturing the attention of investors seeking lucrative opportunities in the gaming and cryptocurrency spaces. One such project that has been making waves and attracting a growing number of investors is the hot GameFi token we’re about to uncover. While ANKR, a well-known player in the crypto industry, has enjoyed its fair share of success, a notable shift is occurring as investors flock to this new GameFi token. What sets this token apart, and why are investors eagerly switching over? In this article, we’ll delve into the key factors driving this transition and explore the unique Features and potential that make this token a game-changer in the industry. What is ANKR? Decentralized systems continually introduce new avenues, like ANKR, for companies to outsource certain processes. This platform aims to benefit from the thriving cloud computing and blockchain nodes sector. Ankr is a Web3 infrastru

Crypto Ellis Reviews AiDoge – The Next Meme Coin To Explode With A Potential Of 50x

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Join Our Telegram channel to stay up to date on breaking news coverage Crypto Ellis talks about AiDoge, a meme coin that has the potential to rise in value and dominate the crypto market in the same way that Pepe did. AiDoge is rapidly becoming the dominant player in the memecoin space, primarily due to its robust platform for the creation of artificial intelligence memes. AiDoge is the next Pepe: Crypto Ellis review AiDoge is well known among those who follow the cryptocurrency market closely. This new meme project stole the stage from Dogecoin and Shiba Inus due to its innovative and humorous take on the meme genre. See our guide to the best AI crypto coins to buy here. No single project can dominate the meme coin market for too long, but it looks like AiDoge will survive. AiDoge ($AI) is a thrilling new meme coin for the many who, with good reason, are obsessed with meme culture. AiDoge stands out, though, because of the AI memes it can generate. AiDoge’s successful stag