CRYPTO 4 | Gems Shilling

2024-05-06 14:45:41 Vodafone to embed crypto wallets in SIM cards to drive blockchain adoption on mobile devices

Palmer explained that Vodafone remains focused on linking SIM cards to crypto wallets. The goal is to utilize the cryptographic capabilities present in SIM cards for seamless blockchain integration.

The Pairpoint CPO elaborated on how the Vodafone subsidiary is driving the advancement of web3 and internet of things (IoT) services by leveraging SIM card technology for blockchain-based digital wallets on mobile devices.

Crypto Open / Comment

2024-04-30 21:08:01 Lido Finance hits 1M validators, fueling the growth of DeFi

Liquid staking protocols like Lido Finance make staking more accessible for retail users with limited capital, who would otherwise need 32 Ether (ETH $3,181) to run their own validator nodes on Ethereum.

Lido Finance accounts for the majority (28.5%) of staked Ether, while 13.6% is staked through the Coinbase exchange, according to Dune data. Over 27% of all the Ether supply is currently being staked.

Crypto Open / Comment

2024-04-27 15:45:26 DeFi whales have millions ‘forgotten’ in bridge contracts: Arkham

Several identified crypto addresses have millions of dollars either “stuck” or “forgotten” about in at least two large bridge contracts, according to blockchain intelligence firm Arkham.

“There are dozens of accounts with 6-7 figures stuck in bridge contracts, forgotten about,” said Arkham in an April 22 X post., including wallets connected to Ethereum co-founder Vitalik Buterin, crypto exchange Coinbase, and several DeFi whales.

Crypto Open / Comment

2024-04-21 00:24:46 Spot Bitcoin ETFs Record 5 Consecutive Day of Outflows; Analyst Declares Cool-Off 'Totally Normal'

The newly launched spot bitcoin ETFs have been active on the stock market for 99 days, having commenced trading on Jan. 11, 2024.
Throughout this period, they have experienced significant trading volumes, marked by substantial inflows from entities such as IBIT and FBTC, as well as notable outflows, particularly from GBTC.

During Thursday’s trading sessions, the market observed another net outflow totaling $4.3 million, following a more substantial outflow of $165 million the previous day.

Crypto Open / Comment

2024-04-17 00:25:25 Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake

A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark.

The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks remaining until the next reward halving.

Crypto Open / Comment

2024-04-13 18:47:53 DeFi Firm 1inch Introduces Web3 Debit Card in Partnership With Mastercard and Baanx

Decentralized exchange (DEX) aggregator 1inch Network has created a Web3 debit card in partnership with crypto card developer Baanx and powered by payments giant Mastercard, the companies said on Monday.

The 1inch Card will allow users to use their crypto for online and in-person purchases and make cash withdrawals at supported ATMs through seamless crypto-to-fiat conversion, according to a press release. Baanx’s “Crypto Life” card is also used by crypto storage firm Ledger.

Crypto Open / Comment

2024-04-07 14:54:12 Sony Bank in Japan is testing a yen-backed stablecoin for payments related to gaming and sports intellectual property (IP)

Sony Bank, the financial arm of Sony Group Corporation, is experimenting with issuing its stablecoin pegged to fiat currencies like the yen on the Polygon blockchain in collaboration with SettleMint. They aim to assess legal issues and explore using stablecoins for lower fees in money transfers and payments, as well as for businesses using Sony's intellectual property. Sony Group is also exploring Web3 technologies, such as NFTs, in its operations.

Crypto Open / Comment

2024-04-02 14:46:40 Bitcoin leads over $800 million global crypto ETP market rebound, overshadowing Ethereum outflows

Last week, the digital asset market witnessed a significant influx of over $800 million, spearheaded by Bitcoin’s dominance, according to the weekly flow report shared by CoinShares‘ head of research James Butterfill.

In comparison, outflows from Grayscale’s GBTC continue apace, with $960 million recorded during the past week.

This brings the total outflows from GBTC to more than $6 billion in March and $14.7 billion on the year-to-date metrics.

Crypto Open / Comment

2024-03-29 01:05:48 Hitting $100K by September — Plans to Buy BTC This Week as Halving Nears

In a bold move, the legendary author of Rich Dad Poor Dad, Robert Kiyosaki, has once again set tongues wagging with his latest bitcoin price prediction. Taking to social media, he not only urged investors to join the crypto revolution but also revealed his own intention to acquire more BTC before April. And what's fueling this buying spree? The much-anticipated halving event.

With over 32 million copies sold worldwide, Kiyosaki's financial wisdom carries weight. His advice? Even if you can't afford a whole bitcoin, consider grabbing a slice of the action with fractional investments or satoshis. According to him, this move could be a stepping stone towards his staggering forecast of $100K by September 2024.

But wait, there's more! If bitcoin isn't your cup of tea, Kiyosaki suggests exploring the allure of silver as an alternative investment. Quoting precious metals expert Andy Schectman, he highlights the dwindling supply and sees silver coins, particularly U.S. silver eagles, as a smart choice.

The reasons behind Kiyosaki's bullishness on BTC go beyond the halving. He points out that "smart money" is flocking to bitcoin due to global economic concerns: mounting debt in the U.S., China's property market woes, Japan's prolonged depression, and Germany's slide into economic hardship. It's a turbulent world out there, and bitcoin seems like a beacon of hope.

In line with Microstrategy's Michael Saylor, who famously called fiat money "poor," Kiyosaki emphasizes that it's time to ditch the "fake money" and embrace real assets like gold, silver, and bitcoin. With silver being the most accessible for many, he urges everyone to take action and not be left behind.

Crypto Open / Comment

2024-03-23 17:54:44 Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness

Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated to worthlessness,” emphasizing that the authorities “will show no interest in prosecuting.” Srinivasan cautioned: “That world is coming and we need alternatives.”

Angel investor Balaji Srinivasan commented on the collapse of crypto exchange FTX in a series of tweets Saturday. Formerly the CTO of crypto exchange Coinbase and a general partner at venture capital firm Andreessen Horowitz (a16z), Srinivasan is also the author of The Network State, a WSJ bestseller.

“Treat FTX as a preview of state failure,” he wrote, adding:

One day, your USD bank account balance may be frozen or inflated to worthlessness. The authorities will show no interest in prosecuting — they’re the ones who ordered it in the first place. That world is coming and we need alternatives.

“It’s all just a dress rehearsal for the ultimate rug pull — when the state prints trillions, monetizes the debt, and ends the fiat century,” the angel investor explained in another tweet. “Our space will be prepared. We know what that looks like. And our trust-minimizing systems will be life rafts for the world.”

Many people on Twitter agreed with Srinivasan, stating that bitcoin and decentralization are the answer.

However, some disagreed, telling the entrepreneur that FTX is a fraud and a Ponzi scheme. “It’s not a preview of state failure. It has nothing to do with that. It’s simply fraud,” one wrote. “How can you equate a 32-year-old con man who had no controls, structure, systems, or board to the U.S. government?” another questioned. A third opined: “Comparing regulated banking industry to unregulated crypto exchange is misleading.”

Crypto Open / Comment