Crypto Sale

2023-10-31 17:03:35 Big News in the Crypto World!

Today marks the start of an exciting journey in the world of crypto innovation. Amidst the abundance of crypto projects, this particular endeavor shines with its unique vision, and the team is eager to share it with the world.

The IEO of EMMI will start on the P2B exchange on Oct 29, 2023.

In the age of AI-driven technologies, a project that recently caught their attention is "Virtual Versions."em

This project is pioneering in a field that closely aligns with their mission. Their global goal is clear: They are embarking on a mission to deploy EMMI robots at crypto ATMs worldwide and build a team of robot traders powered by the limitless potential of artificial intelligence. The reason behind their project is firmly rooted in its extraordinary distinctiveness.
After exploring the extensive crypto landscape, they haven't found anything quite like what they are set to bring to life. This is what fuels their excitement as they take on the role of trailblazers, turning their innovative ideas into a tangible reality. They aim to create a vibrant, AI-friendly community that not only values their work but actively supports and promotes their project's development.

They are actively seeking an audience that shares their enthusiasm and passion for the potential of artificial intelligence technology. They invite you to explore their products, participate in their activities, and be a crucial part of shaping the crypto gaming economy they are forging.

Join us on this extraordinary journey!
Together, let's script history

#CryptoInnovation #AI #EMMI #VirtualVersions #CryptoCommunity #IEOBeginnings Open / Comment

2023-10-31 13:41:01 ​Kosovo Government Cracks Down on Crypto Mining in Mainly Serb North

Law enforcement in Kosovo has carried out raids against cryptocurrency mining in a northern municipality where Serbs form the majority of the population, the Turkish Anadolu Agency reported, quoting a member of the Albanian-led government in Pristina.

According to Economy Minister Artane Rizvanolli, police have seized 174 devices designed to mint digital currencies. Announcing the operation in Zubin Potok on social media, she insisted that the failure to pay electricity bills encourages such illegal activities.

Consumers in the predominantly Serb northern part of Kosovo have not paid for electric power in over two decades. Serbia does not recognize the unilaterally declared independence of the territory, the rest of which is mostly inhabited by ethnic Albanians. Open / Comment

2023-10-27 13:28:02 ​Tokenized Digital Real Pilot to Use Ethereum-Compatible Hyperledger Besu

Brazil continues to move forward with its plan of delivering a working version of its own central bank digital currency (CBDC), the digital real, for the end of 2024. According to reports, the central bank of the country chose Hyperledger Besu, an open-source, Ethereum-compatible blockchain platform, as the base upon which to run the tokenized version of the digital real.

Local analysts believe the compatibility with Ethereum might bring a slew of third parties to develop applications and services using the tokenized digital real, opening the economic playing field to more competition. However, this could also minimize the role of banks in the new digital economy. On this, JC Bombardelli, CTO of ed-tech startup Gama Academy, stated:

I don’t think it’s a total nod to the defi world because that would mean giving up a lot of controls that the central bank would never want to have.

Another reason for choosing Hyperledger Besu would be its open-source origins, which would allow the government to use it without having to pay for licenses. Open / Comment

2023-10-23 14:12:00 ​Moonbirds whale sells almost 500 NFTs on Blur for significant losses

Over the past 24 hours, one Ethereum address liquidated almost 500 Moonbirds NFTs for significant losses.

Selling in batches, the address realized losses between 9% and 33% — with 200 Moonbirds sold for a loss greater than 32%. The transactions all took place on NFT marketplace Blur and amount to a total loss of more than 700 ether, according to NFTTrack.

The address in question no longer holds any NFTs and its ether balance is below 0.001 ETH ($1.21).

The floor price for Moonbirds has declined by more than 27% over the past 24 hours.

Often considered a "blue-chip" NFT collection, Moonbirds made headlines last April when, within a week of its launch, one sold for 350 ether — worth about $1 million at the time. Open / Comment

2023-10-20 16:03:35 An announcement about the Sundae project has appeared in the public space. Bloggers, stars and opinion leaders are discussing this project.

One of the creators of Sundae published information about the project in Telegram, and 20 minutes later Ilon Musk posted a photo of himself eating Sundae ice cream as a child. It may be a coincidence, but it could also be Musk's idea.

What's known about the project. Something partly crazy, partly grandiose is coming.

Sundae: it's a crypto-token that equates to digital art. According to the project's philosophy, without community appreciation, a Picasso painting is worthless. The value of a work of art depends on community appreciation.

Right now Sundae is available for the price of an ice cream, but in a month the token may be worth $5, and then $50, $100, $1000. With each new purchase, the "Picasso painting token" will become more and more difficult to buy. The current capitalization of the project is only $20 million.

According to the project's White Paper, Sundae holders are expected to receive multi-million dollar dividends, as well as the right to medical and legal insurance, pensions and free use of the corporation's assets.

Investing in Sundae today might be like buying McDonald's stock on the day it opened in 1940 or accidentally buying a Picasso drawing for ten dollars.

The Sundae project was created by the team behind the popular meme token Grimace, which grew in value hundreds of times in six months, making many investors millionaires. Open / Comment

2023-10-18 15:17:09 ​Mbappé and his collaboration with French startup Sorare NFT

Famed French soccer player, Kylian Mbappé, has come aboard the famous fantasy football brand with NFT cards, Sorare.

Followed by Messi and Griezmann, Mbappé, who earns a $100 million annual salary, decided in June 2022 to invest in the Web3 world.

Specifically, Mbappé acquired a stake in the French startup Sorare as his first investment in the Web3 world, his only NFT card was purchased for about 416,000 euros by the buyer “Team Bamby.”

To celebrate that accomplishment with Sorare, the French champion shared a story on Instagram with his 100 million followers.

In return, Sorare contributes to his “Inspired By KM” (IBKM) association, which develops educational projects and helps disadvantaged youth discover the opportunities offered by Web3 technology.

Sorare, which boasts 1.8 million users worldwide and is valued at $4.3 billion, provides training, conferences, materials, and a special diploma for the young people IBKM works with. Open / Comment

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Website Open / Comment

2023-10-13 10:03:30 ​​Working Group to Develop Efficiency Standard for Crypto Mining in Russia

Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime.

Russia Prepares to Improve Efficiency of Mining Facilities in 2023
A group of crypto specialists have teamed up to elaborate a standard that should improve the overall efficiency of mining and in particular the use of energy to mint digital currencies. The set of rules and procedures will be designed to increase the time the expensive data processing equipment operates under optimal load which should result in higher profitability.

The standard, which is expected to be released for adoption in February next year, will be prepared by members of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib), the cryptocurrency sector, and other associated industries, the Russian crypto news outlet.

The decision to establish the working group was announced at a crypto summit held in Moscow, during a presentation on the topic made by representatives of Racib, mining data center operator Vekus Mining Development and Yuri Kudryashov, director of Russia’s Research Institute for Sustainable Development in Construction.

The main purpose of the forum was to talk about the development of the digital environment and digital financial assets in general. Participants discussed the pending legalization of mining in Russia and other activities related to blockchain and cryptocurrencies, the introduction of central bank digital currencies, and the spread of tokenization. The summit also focused on education and security issues. Open / Comment

2023-10-10 09:58:02 ​​Crypto Yields Are Starting to Pay Less Than Government Bonds

The once notoriously high yields provided by crypto lending services are now struggling to compete with more traditional, safer options.

While yields for 3-month treasury bills slowly rise, AAVE’s lending rates on USDC have slumped massively since May. Rates for the two products have now crossed one another, meaning government debt is offering a better payout than its decentralized competition.

High Risk, Low Reward?
According to data provided by Bloomberg and Aavewatch, USDC deposited into AAVE V2 on Ethereum now yields just 0.2% per year – down from 2.4% in mid May. By contrast, US 3 month treasury bills have tripled from 1% yield to 3% in that same period.

The increase is largely due to Federal Reserve activity, which has driven up yield in every sector besides crypto. Digital asset markets still largely track the stock market, which has naturally tanked in response to the central bank’s hawkish policy. That same policy has sparked a steady upward climb for short term treasury bills.

The sharpest drop in yields on AAVE appeared to occur between May 13th and 22nd, dropping from 2.4% to 0.9%. This was only a week after Terra’s collapse, which helped trigger a massive contagious meltdown across the stablecoin lending arena in the following months.

Yet this by no means signals lower risk involved with crypto lenders. Unlike traditional markets, crypto yields are not determined by risk profile, but by trading volumes. According to DeFi Llama, the total value locked in DeFi protocols has declined substantially since last year – especially this June.

“Higher appetite for Treasuries has sucked out liquidity from crypto,” said Sidney Powell, the chief executive of crypto lending company Maple Finance. Given that treasury yields are essentially risk-free, government debt is proving more attractive than crypto on both fronts. Open / Comment

2023-10-08 12:47:56 ​Bitget Celebrity Partnership Comes Across Tone Deaf

Bitget has been trying to reassure current and potential customers who are losing faith, fast, in digital assets. But the cryptocurrency exchange is taking a questionable route.

Bitget Managing Director Gracy Chen last week cited consumers’ trust reaching a nadir — spurred by “collapses of a few crypto giants this year” — as rationale for ramping up marketing and product efforts.

Consider what the company called its Nov. 26 press release breaking things down: “Bitget launches major campaign with Messi to reignite confidence in the crypto market.” As if a marketing campaign with the soccer star (the rest of the world calls it football, I know) would somehow make the exchange more trustworthy…?

Lionel Messi is among the world’s greatest athletes. He has scored two goals in the first three games of this year’s FIFA World Cup, helping Argentina advance past the group stage.

But how much does Messi know about crypto? This is a business deal for him, and his decision to endorse a crypto brand does not necessarily bestow confidence in a particular company or crypto more broadly.

In fact, Messi several years ago endorsed Finney, a blockchain-enabled smartphone by Sirin Labs — run by Moshe Hogeg, who was arrested in 2021 for alleged sex crimes and cryptocurrency fraud. Hogeg has denied these allegations. Open / Comment