GildCoin - Crypto News

2023-11-08 18:01:50 Not a week goes by without interesting news about the Sundae project.

After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network:

"Ice cream is one of the great joys of life."

It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer.

We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC.

So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally?

The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes.

The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors.

The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters."

One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!" Open / Comment

2023-11-06 20:20:10 Counterfeit Ledger App Scams Crypto Users Out of Over $760K on Microsoft App Store

A phony Ledger Live application was added to the Microsoft App Store, according to a report from onchain analyst Zachxbt on Saturday. Ledger is a cryptocurrency hardware wallet manufacturer. Since the attack, Microsoft has removed the counterfeit software from its applications store.

But the theft did not end there. Zachxbt reported that another victim with an ETH/BSC address lost $180,000 from the fake Ledger application. “How is this even possible?” one person asked Zachxbt. The analyst replied by saying that app companies “do not vet apps diligently.” A similar instance occurred with Trezor this year when a fake app called “Trezor Wallet Suite” appeared in the Apple App Store.

At the time, Apple said, “In the limited instances when criminals defraud our users, we take swift action against these actors as well as to prevent similar violations in the future.”

Ledger’s support team alerted the Twitter community to the counterfeit application. “Hey Ledger users. Beware of fake Ledger Live apps published on the Microsoft Store. The only safe place to download Ledger Live is on our website. Ledger will NEVER ask you for your 24-word recovery phrase. Stay safe.” Ledger further explained that the company also alerted Microsoft as well as the community. Open / Comment

2023-11-03 16:43:01 Marathon Digital and Nodal Power Unveil Methane-Fueled Bitcoin Mining Pilot in Utah

Marathon Digital, listed on Nasdaq under the ticker MARA, has announced a new partnership with Nodal Power. Nodal Power is recognized for developing and operating assets in the renewable energy sector, focusing primarily on biogas.

Marathon detailed on Thursday that the pilot project with Nodal Power is part of a “broader initiative” by the firm. The company wants to validate the benefits of capturing methane from landfills to power its fleet of bitcoin (BTC) mining rigs.

“At Marathon, we are constantly seeking innovative ways to diversify our operations, lower our energy costs, and leverage the unique aspects of Bitcoin mining to better the environments in which we operate,” Fred Thiel, Marathon’s chairman and CEO stated.

On Thursday, MARA shares are up more than 5% against the U.S. dollar and 13.67% over the last 30 days. Year-to-date, MARA has risen more than 163% higher against the greenback. Six-month market statistics, however, show MARA is down a hair over 9% since the first week of May 2023. Open / Comment

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2023-11-01 19:00:32 November promises to be a very eventful month for all participants of the Sundae project

Is this tied to the project's creator announcing an imminent token listing on a major exchange or the upcoming Sundae Day in the USA? We will find out soon.

A reminder of what is known about the project:

Sundae is a crypto token that equates to digital art. Currently, Sundae is available at the price of an ice cream, but in a month, the token's value may reach $25, and subsequently $50, $100, or even $1000.

What is remarkable it's the coincidence: one of the Sundae creators posted information about the project on Telegram, and 20 minutes later, Elon Musk posted a photo where he was eating Sundae ice cream in his childhood. It might be a coincidence, but it could also be Musk's intention.

Investing in Sundae today might resemble buying McDonald's stocks on its opening day in 1940 or accidentally purchasing a Picasso drawing for ten dollars.

The Sundae project was established by the team of Odyssey and the popular meme token Grimace.

This pathetic uptrend on the crypto market you call a pump is just a dead cat's bounce.

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2023-10-31 18:22:01 Animoca Brands Acquires Decentralized Streaming Platform Lazarus

Animoca Brands, a Web3 and blockchain gaming company, has acquired a majority stake in Azarus, a blockchain-powered, decentralized streaming platform, for an undisclosed price. Azarus allows creators and gamers to interact directly with users, distributing over $2 million in rewards to more than 20 million unique players.

Azarus partnered with Animoca Brands in December when the two companies announced a partnership to extend Azarus’ rewards to more fans of the blockchain gaming environment. Before this, Azarus raised $4 million as part of its extended seed round and launched a League of Legends-based trivia game.

For Animoca Brands, this purchase is aligned with its ideas of making gaming a decentralized and rewarding experience, with cryptocurrency being the tool of choice to reach these objectives.

Alexander Casassovici, CEO of Azarus, stated that the acquisition will amplify their vision, making streaming more engaging. Open / Comment

2023-10-28 16:28:01 Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Recent Declines to Start the Weekend

Bitcoin rose back above the $34,000 level on Saturday, which comes following recent price consolidation. After hitting a low of $33,416.89 on Friday, BTC/USD rallied to an intraday high of $34,201.77 to start the day.

The move saw bitcoin snap a two-day losing streak, which came after the cryptocurrency was significantly overbought. Despite the uncertainty of the past few days, the 14-day relative strength index (RSI) remains in this territory.

As of writing, the index is tracking at 81.21, which comes as bulls implemented an interim floor at the 80.00 mark. If this level holds throughout the weekend, bulls may make another run towards the $35,000 level.

Ethereum (ETH) rebounded from Friday’s drop, making a run back towards the $1,800 level to start the weekend. ETH/USD peaked at $1,796.57 on Saturday, which comes after the price fell to a low of $1,751.44 less than 24 hours ago.

This climb means that the world’s second largest cryptocurrency has traded higher for nine of the last ten sessions. Looking at the chart, this latest rally comes as the 10-day (red) moving average continues its uptrend versus its 25-day (blue) counterpart.

Additionally, the RSI found a floor at 68.00, using it as a springboard to a current reading of 69.94. Bulls will likely make further runs towards $1,800, despite overall price strength being overbought. Open / Comment

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2023-10-25 21:12:51 Lightning Network Developer States Disclosed Vulnerability Is Not an ‘Intentional Backdoor,’ Calls for Responsible Journalism

Antoine Riard, a security researcher and developer who recently exposed a vulnerability in Bitcoin’s Lightning Network, a scaling layer, clarified several points on the issue. In an email, Riard blasted social media reports that called the vulnerability an “intentional backdoor,” explaining the situation has been known in some circles since 2022.

While he acknowledged that the mitigations already in place serve to harden the ecosystem against what he called “simple” or “medium attacks” and that more sophisticated attacks would involve preparation and sufficient P2P (peer-to-peer) and mempool knowledge, Riard stressed that changes at the bitcoin base layer might be the most “substantial” fix to this problem.

In addition, Riard called for mainstream crypto sites and individual journalists to do responsible reporting on the issue, given the nature of current media distribution.

Riard also stated that he was not on any social media app due to the “nature of the electronic communication and contemporaneous media,” which allows the propagation of sensitive information where “mitigations are still in deployment.” He concluded by stating that he’ll further comment on this issue if the information flow keeps hampering the ability of the community to discuss the fixes for this issue in a “responsible and constructive fashion.”

Many have started to criticize — and support — the feasibility of the changes needed to fix the Lightning Network. Samourai Wallet, a privacy-focused BTC wallet, declared that “the only change required to the base layer should be to permanently and irrevocably send the lightning network to the dustbin of history where it belongs.” Open / Comment

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