Showing posts with label breaking crypto news. Show all posts
Showing posts with label breaking crypto news. Show all posts

Support for TWO New Protocols Are Coming To Uniswap...

Uniswap adds Gnosis and Moonbeam.

Uniswap, the largest Ethereum-based decentralized exchange, and second layer solutions such as Optimism and Arbitrum, as well as Polygon, an Ethereum sidechain.

Following the community's approval of the proposed changes and confirmation of the needed votes, Uniswap will also launch on two other networks: Gnosis and Moonbeam.

"The vote had almost unanimous approval for both networks"
said a UniSwap Labs spokesperson. 

Gnosis and Moonbeam will be the first Ethereum-independent networks that Uniswap will support. However, because these are two networks are compatible with the Ethereum programming languages and smart contracts, the implementation process should be straightforward.

Moonbeam and Gnosis have agreed to make financial contributions to Uniswap before they go live on the platform.

In the case of Moonbeam, $2.5 million will be donated for the purpose of granting scholarships, and Gnosis will contribute $10 million to provide liquidity to the exchange in its network.

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Author: Adam Lee 
Asia News Desk Breaking Crypto News

Ethereum 2.0 (The Official Merge of Blockchains) Launch in AUGUST!? "Stars are aligned" Says Ethereum Foundation Team Member...

 

Ethereum 2.0

Speaking at the Permissionless 2022 Conference this week in Florida, Ethereum Foundation Sharding researcher Justin Drake said:

“It won't be June, but likely in the few months after. No firm date yet, but we're definitely in the final chapter of PoW on Ethereum.”

He than elaborated, saying...

“As far as we know, if everything goes to plan, August—it just makes sense. If we don't have to move, let's do it as soon as we can.””

Finally, giving his reasoning behind the date...

“Strong desire to make this happen before difficulty bomb in August. Stars are aligned.”

What is a difficulty bomb? 

The big deal about Ethereum 2.0 is the change to Proof Of Stake mining, the essentials you need to know are: this no longer requires the use of power-hungry mining rigs used in the current 'Proof Of Work' mining.  

The current type of mining is considered bad for the environment, because miners have computer processors working at maximum levels to solve mathematical puzzles, included in this process is encrypting and processing transactions, and creating newly minted coins which are given to miners as a their reward.

The difficulty bomb was created by Ethereum developers in 2016 with the merge to 2.0 in mind.  Once it begins, the bomb will exponentially increase the difficulty level of the puzzles required for proof of work mining, eventually making that mining impossible to do. 

The difficulty bomb is intended to stop miners who wish to continue mining the Ethereum 1.0 (Proof of Work) chain once the network has fully moved to Ethereum 2.0 (Proof of Stake).

The old and new method were supposed to overlap for awhile before the difficulty bomb kicks in, but they've lagged so long on Ethereum 2.0's launch that back in 2016 when they scheduled the difficulty bomb, they imagined Ethereum 2.0 would have launched long before now.  

A short history:

Nov 2017 "The Ethereum Killer Is Ethereum 2.0" Nasdaq reported.

June 2019 "Ethereum “ETH 2.0” Genesis Block May Launch in January 2020" Blocknomi reported 

Feb 2020 "95% Confidence': Ethereum Developers Pencil In July 2020 for Eth 2.0 Launch" Coindesk reported

May 2020 "Vitalik Buterin Says Much-Delayed Ethereum 2.0 Still on Track for July Launch" Coindesk reported.

From this point onward, there's a never-ending supply of articles saying the launch is near, sometimes based on nothing and sometime fueled by statements from Ethereum developers that imply this is the case. 

So, does this mean we can definitely expect the merge complete and Ethereum 2.0 up and operational by August? 

Nope.  Developers can propose pushing it back, it's happened before

While it would be yet another failed milestone, something most developers would find embarrassing, in the case of Ethereum's dev team it's just another entry on the massive list of all the other meaningless deadlines they gave the public. 

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Author: Mark Pippen
London News Desk 
Breaking Crypto News


This Week's NASDAQ Market Losses Tops Bitcoin's...

NASDAQ vs Bitcoin

The market's anxieties about the impact of inflation on the economy were heightened this week by the quarterly results of major retail chains, which showed smaller earnings than expected. This uncertainty was mirrored not only in the department store industry, but also in other sectors of the economy, putting downward pressure on stock prices.

This week's publication of Target's quarterly financial results started the rough week for many NADAQ listed.  The disappointing numbers reaffirmed the trend of consumers focused on spending on essentials like food, and holding off on things like televisions and bicycles. Target's sales and profitability fell short of expectations, and their stock plunged 25% on Wednesday as a result of the earnings decrease, which was even more severe than Walmart's.

The first warning came with Walmart's quarterly financial statements on Tuesday, which revealed a large dip in profits, triggering a stock price slump that began on Tuesday and has yet to stop.

Walmart began the week at $150/share and is ending it at $118.  Target began the week at $220 and is ending it at $152.

The end result (as time of writing) is Bitcoin losing -1.62% this week, and NASDAQ down -3.79%

Bitcoin gets a bounce...

The "realized price" is a well known metric among Bitcoin price analysists, and is calculated by dividing the sum of the values ​​of all coins at the time they were last moved, by the circulating supply. Analysis company Glassnote points out as the 'realized price' approaches, traders buy without hesistation because they believe they can be confident that Bitcoin is undervalused at the moment.  

The current realized price is $24,000, but traders haven't allowed it to get that low - $26,513 is the lowest BTC has gone during the current downtrend. "This may be due in part to the general market awareness of its (realized price) existence" said Glassnode.

"BITCOIN CRASHING. Great news" Rich Dad Poor Dad author Robert Kiyosaki tweeted last week, adding "Once I know bottom is in I back up the truck. Crashes are the best times to get rich."

But don't get excited yet...

We do have enough information where I can say with confidence - this is just another standard dip. One of the larger ones, but the kind we've had before. By that I mean, the kind where we go on to set new all time highs when it's all over. 

So play it smart from here, because the right moves made now will pay off large than those done in a bull market.  You want to ride the trade you make from the bear market, into the bull market.

On that note, if you're newer to crypto and want a simple, low risk way to get those big future payouts. you want to be dollar cost averaging. It's an insanely simple method, and makes it where you don't need to be right about every move you make. Read about it here, or watch a video on it here.

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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News


Man BREAKS IN To Home To CONFRONT Luna Founder After Losing Over $2 Million in Coins Recent Collapse...

Terraluna Luna founder breakin

A crypto investor was arrested today in Seoul, South Korea for trespassing at the residence of Do Kwon, the co-founder and CEO of Terraform Labs.

The suspect, whose identity has been concealed, allegedly entered the apartment complex in eastern Seoul last week and rang the doorbell when Kwon's wife was at home, looking for him.

Kwon is at the heart of the Terra cryptocurrency's and Luna's digital coin counterparts' huge downfall. Luna's price has dropped to under 1cent, having traded for over $80 at the beginning of the month, while their stablecoin built to always be worth $1 continues to massively miss the mark at $0.09.

"I've lost between 2 and 3 billion won (US$2.3 million)" the suspect told reporters during an inquiry at Seongdong Police Station.

The suspect, who runs an online broadcasting channel, alleges that people have committed suicide as a result of the stablecoins' decline.

Pleading with Kwon to take responsibility for the current catastrophe, the suspect said Kwon should apologize to the over 200,000 investors who have lost money.

Kwon's wife requested police protection after his visit, according to officials.

Terraform Labs says they are working on ways to keep its Terra blockchain and ecosystem running despite the collapse of its cryptocurrency.

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Author: Adam Lee 
Asia News Desk Breaking Crypto News

California Governor Signs Executive Order on Crypto...

California Cryptocurrency

If California were a country, it would have the world's fifth-largest economy, and today it became the first state in the United States to publicly begin investigating how to broadly adapt to bitcoin and similar advances.

Gavin Newsom, the governor of California, signed an executive order directing state agencies to work in coordination with the federal government to develop regulations for digital currency trading. It also encourages officials to investigate the possibility of integrating broader blockchain technology into the government operations of the state that has created most of the world's technical innovation.

Dee Dee Myers, a senior counselor to Governor Gavin Newsom and head of the Governor's Office of Business and Economic Development, said that evolving blockchain and cryptocurrency technology  "is potentially an explosive creator of new companies and new jobs and new opportunities".

A similar order was signed by President Joe Biden in March, instructing the federal government to conduct studies into the benefits and risks associated with cryptocurrency - now California is following a similar path.

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Author: Ryan Kalbari
Toronto Newsdesk / Breaking Crypto News

World's Largest Private Bank Controls $280 Billion in Assets, and Today They Began Offering Bitcoin and Ethereum to Clients...

LGT Bank offers cryptocurrency bitcoin ethereum

Bitcoin and other cryptocurrencies continue to make their way into the world's banking systems. The latest is LGT Bank, the largest family bank in the world, founded by the royal famiuly of Liechtenstein, with Prince Maximilian of Liechtensteinwhich serving as the bank CEO. 

Headquartered in Switzerland with European offices in Germany, Ireland, France, Austria, and international locations in the United States, Australia, China, Japan and more.

The bank controls around $280 billion dollars in assets, and has an annual revenue of over $21 billion.  under its protection and belongs to one of the most important royal houses in Europe.

Today they announced Bitcoina and Ethereum investment options are open to their clients...

Partnering with SEBA Bank, which has already been dealing with cryptocurrencies, LGT Bank can now offer asset management, digital asset custody and brokerage services to their global client base. 

While LGT will only offer Bitcoin and Ethereum to begin with, their partner bank SEBA supports 14 cryptocurrencies that LGT could easily implement if this initial phase is a success. 

It was their customers asking for access to the crypto markets that convinced them to make the move...

"The demand for cryptocurrencies has also increased among our clients in recent years. We are very pleased that we can now offer our client easy access to these asset class. When developing our new offering, we paid particular attention to security while focusing on clear, reliable processes and procedures. They are central for dealing with this dynamic and still quite young asset class. Thanks to our cooperation with SEBA Bank, our clients' digital assets are held in the custody of a professional and certified provider with extensive experience in this area" says CEO of LGT Bank, Liechtenstein.

At rollout, their new crypto services will only be available to clients in Liechtenstein and Switzerland.

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Author: Adam Lee 
Asia News Desk Breaking Crypto News


Tesla Shares Why They Believe in Bitcoin in Latest Quarterly Report Filed with The SEC...

Tesla bitcoin crypto investments

Tesla, the US electric car manufacturer, released more details about why it invests in bitcoin (BTC). This is no small investment either, as Tesla currently holds 42,902 BTC making them the 2nd largest Bitcoin holder of all companies globally, with MicroStrategy the largest. However, it's worth noting that MicroStrategy is a company that exists to invest in digital assets.

These new disclosures on Tesla's belief in crypto come in their latest quarterly report filed with the SEC, where they state:

"In the first quarter of 2021, we invested an aggregate $1.50 billion in bitcoin. We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash. As with any investment and consistent with how we manage fiat-based cash and cash-equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and our view of market and environmental conditions.

Digital assets are considered indefinite-lived intangible assets under applicable accounting rules. Accordingly, any decrease in their fair values below our carrying values for such assets at any time subsequent to their acquisition will require us to recognize impairment charges, whereas we may make no upward revisions for any market price increases until a sale. For any digital assets held now or in the future, these charges may negatively impact our profitability in the periods in which such impairments occur even if the overall market values of these assets increase. For example, in the first quarter of 2021, we recorded approximately $27 million of impairment losses resulting from changes to the carrying value of our bitcoin and gains of $128 million on certain sales of bitcoin by us."

Their crypto investments come up once again in the document, where companies are required to disclose any risks to the business.  It's important to understand this section is where a company gives the absolute worst case scenario to investors. Here, Tesla included everything from being unable to make more batteries because of material shortages, to hackers being able to 'gain control of' their vehicles and the public panic it would cause. 

So, with that tone in mind, they explained the risks they take by holding crypto, saying:

"In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity, allowing us to invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested certain of such cash in bitcoin. We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash. As with any investment and consistent with how we manage fiat-based cash and cash equivalent accounts, we may increase or decrease our holdings of digital assets at any time based on the needs of the business and on our view of market and environmental conditions. 

The prices of digital assets have been in the past and may continue to be highly volatile, including as a result of various associated risks and uncertainties. For example, the prevalence of such assets is a relatively recent trend, and their long-term adoption by investors, consumers and businesses is unpredictable. Moreover, their lack of a physical form, their reliance on technology for their creation, existence and transactional validation and their decentralization may subject their integrity to the threat of malicious attacks and technological obsolescence. Finally, the extent to which securities laws or other regulations apply or may apply in the future to such assets is unclear and may change in the future. If we hold digital assets and their values decrease relative to our purchase prices, our financial condition may be harmed."

In other words, fairly common fears like potential security threats, which have hit companies far more experienced in holding large amounts of crypto.  Another risk highlighted is the the possibility of future government regulation, which could hurt the whole ecosystem if poorly implemented or too broad.

So far, even with the latest dips, Tesla is well into the profit zone. They acquired their Bitcoin in January 2021, when prices were as low as $29,000 and peaked at $34,000.

At the time of publishing, Bitcoin is trading at $38,350, meaning their profits are a minimum of $186,623,700.

So, where things currently stand, Tesla has no regrets.

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Author: Mark Pippen
London News Desk 
Breaking Crypto News


Will Elon's Plans For Dogecoin in Twitter Send it New ALL TIME HIGHS?

Elon Musk Twitter and Dogecoin

Google searches for "Buy Dogecoin" and "How to Buy Dogecoin" increased by over 300% on the day Musk and Twitter announced they had reached an agreement. Likewise, the search term "What is Dogecoin?" was up by nearly 250%.

Which is already a bit funny - more people were looking for info on buying it than info on Dogecoin itself, which tells us that after this past year, most people know what it is. 

What He's Already Said: 

Twitter already has a subscription option called 'Twitter blue' that doesn't offer much benefit, just some additional customization (layout, colors) and removes ads from articles read through the Twitter app. 

Musk seems to be proposing using this as a starting point, then allowing paid subscribers to verify their identity, getting that blue checkmark. For this, he has said that Twitter should accept users' monthly fees in Dogecoin (as well as all the usual payment methods). 

What Dogecoin Supporters Are Hoping For...

DOGE's die-hard supporters see many more places where their favorite coin can fit into Musk's vision for Twitter.

Twitter offers monetization options, such as select accounts being able to run ads on their videos or live streams. People can put locked content on their profiles that only paid subscribing followers are able to view, and virtual live events can sell virtual 'tickets' to attendees. 

In a perfect world, Doge would be an option for all of these transactions - BOTH ways.

Paying with Dogecoin is great - but GETTING PAID in Dogecoin is Even Better!

One DOGE supporter on reddit pointed out: Twitter is global. Why deal with countless national currencies when you can get everyone on the 'doge standard'?

What Are the Odds That This Musk/Twitter Deal Will Be What Takes Doge to the Next Level?  Higher Than You May Think...

The reason it isn't so farfetched: Musk just spent a lot of his own money, and risked even more in Tesla stock to make this happen. He put up billions of dollars' worth of Tesla shares as collateral, then took out loans to cover the rest. 

Also keep in mind that he wants to take Twitter private, - meaning Twitter will no longer be tradeable on the stock market.  While that makes a huge difference in the amount of control he will have as the company owner, it also means if his plan is successful, there won't be any stock rising in value along with it to give him another source for billions on demand like he has with Tesla.

So, while there may not be Twitter stock on the market - he probably does have a huge stash of DOGE, which would be trading 24/7 with or without him. He's never stated how much he owns but keep in mind that a billionaire investing millions is like an average person investing hundreds. Would you still have bothered to join an exchange if your budget to invest was under $100? Probably not.

With all this in mind, and assuming he is sitting on a fairly large stash of DOGE - there's no reason for him to pass up the opportunity to send Doge's price soaring - legally too.  Musk knows to stay away from telling people to 'invest' in Dogecoin, or even hint that people will make a profit. 

If he uses Twitter to create more ways to use Dogecoin and draws attention to them, the press will take it from there.  I can already imagine hundreds of articles along the lines of "The next Bitcoin?! The Crypto Coin Elon Musk Is Obsessed With?" - and while it isn't the next bitcoin, it still may have some surprises of its own for us soon.

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Author: Justin Derbek
New York News Desk
Breaking Crypto News


Make money with gaming - FIREPIN Token (FRPN), The Sandbox (SAND) and Decentraland (MANA)...

FIREPIN Token (FRPN)

The popularity of the metaverse continues to rise, especially on social media. Everyone is curious about the many profitable investments in the metaverse, but the most interesting is Play-To-Earn games. Start monetising your gaming experiences.

The Concept Of Play-To-Earn Games


Play-to-earn gaming platforms exist in the metaverse and are widely adored by gamers all over the world. One thing you may not know is that NFT plays a big role in these games.

NFT are all the rage right now and can be found in the metaverse's play-to-earn games as most feature an in-game NFT marketplace. This is because these gaming universes rely on in-game NFTs assets.  

Hottest Metaverse Coins Right Now:


FIREPIN Token (FRPN)


As a community-led DAO (decentralised autonomous organisation), the FIREPIN platform is invested in its community. According to FIREPIN’s white paper, their main goal is to accommodate the largest global crypto community with the long-term goal to become the greatest Metaverse NFT Game Development Company. 

In order to give back to its investors, FIREPIN uses its treasury money to fund NFT game development, 3D and metaverse VR games, gaming teams and enterprises with a long-term vision for Play to Earn (P2E). 

You should invest now as the FRPN Token has entered the second presale stage. The price of FRPN was initially $0.000067 but it grew to an outstanding total of $0.000691 almost immediately. Experts confirm the token should see a price value rise to $0.0015.


The Sandbox (SAND)


The Sandbox (SAND) is a decentralised NFT gaming metaverse built on the Ethereum blockchain. In these games, you can participate in an RPG-themed Metaverse, complete quests to earn SAND, play to earn rewards, make games and develop your own fashionable characters. 

It is a top favourite coin for people seeking to monetise their gaming experiences. More so, the platform portrays the true essence of the play-to-earn model as all investors who contribute to the game’s ecosystem can earn rewards. 

Market analysts predict that The Sandbox will match the popularity of The Sims, Minecraft, or Roblox. This is great news to those who invest early in the platform's governing token, SAND. The Sandbox price today is $2,89 with a live market cap of $3.3 Billion.


Decentraland (MANA)


Similarly, Decentraland is an NFT gaming platform built on the Ethereum blockchain. The platform comprises a virtual reality where users can design characters, interact with other gamers and build cities by purchasing real estate. But the benefits of decentraland land do not stop here.

The platform allows users to monetise their experiences by doing what you already do in the real world. Decentraland's virtual world mimics ours as gamers can build identities and form strong social relationships. However, it also features a marketplace for artistic creators that want to sell their art while being entertained by 3D Interactive activities.

Decentraland has a very successful governing token, MANA. The coin acquired more than $26 million in ether through an initial coin offering (ICO) before launching in February 2020.

Its other native token is LAND. The MANA coin allows users to purchase LAND as well as buy avatars, names, wearables, and other items. The Decentraland price today is $2,13 with a live market cap of $3.91 Billion. It has a circulating supply of 1.842.485.269 MANA coins and the max. supply is not available. The LAND coin grants users the ability to participate in the creation of interactive games. 


Links For More Information:

Join Presale: https://presale.firepin.io/register

Website: https://firepin.io/

Telegram: https://t.me/FIREPINOFFICIAL

Twitter: https://twitter.com/FIREPIN_io 

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Information Provided Via Guest Post Submission
Content not created, evaluated, or endorsed by Global Crypto Press Crypto & NFT Press Release Distribution

How Bitcoin Mines Were Airlifted From China to the US Following China's Ban On Crypto...

The Chinese government has been attempting to eradicate cryptocurrencies in the country for quite some time, with varied degrees of success.

In 2021, restrictions on mining eventually drove firms out of the country, relocating to nations such as Kazakhstan, who have more favorable policies toward cryptocurrency mining. A number of towns around the United States have welcomed them, with both support and condemnation coming from residents 

Video Courtesy of Motherboard / Cryptoland 

Welcome to BoomLand: The Future of Blockchain Gaming!

Boomland dao crypto

A Pioneering Project from a Gaming Studio That has 1 Billion Downloads...


GDANSK, POLAND
- Today, BoomBit, a highly successful video game company, is launching the first mainstream blockchain gaming platform.

BoomLand is a cutting-edge Blockchain Gaming Platform delivering a new gaming experience. The vision is to create a fresh Web 3.0 Community for players by players, with its own Metaverse, Marketplace and Play And Earn ecosystem that is accessible for all.     

BoomLand will allow the first-ever direct interaction between multiple game developers and players on the blockchain, where they will be able to earn NFT’s and cryptocurrency in the form of $BOOM and $BGEM Tokens.

In BoomLand's Metaverse, players will connect directly with game developers and with one another and help steer the course for the future of the Platform. 

The idea for BoomLand arose from the massive market demand for quality games in the blockchain gaming world. A lack of quality among current titles inspired BoomLand to enter the market for ‘Web 3.0 game development’, a.k.a. Blockchain video games. 

The BoomLand platform operates as a ‘Decentralized Autonomous Organization’ (DAO) where gamers play a major role in deciding how the platform evolves. 

BoomLand has a very experienced development team capable of delivering highly enjoyable Blockchain games. The ‘Play and Earn’ Blockchain gaming market is in its infancy, but already has a staggering $21 billion valuation. This rapid success is partly due to the high sales of NFTs (Non-Fungible Tokens); in 2021 there were $25 billion dollars in NFT sales.  

BoomLand’s Founders, Hannibal Soares and Marcin Olejarz, are very positive about the launch of BoomLand as a landmark innovation,“With 200+ games published to date and over 1 billion downloads under our belt in the last decade, we are confident of achieving similar success in the blockchain gaming sphere.” - says Hannibal SoaresFun Blockchain games are finally here!

About BoomLand

BoomLand is a cutting edge Blockchain Gaming Platform delivering a new gaming experience. The vision is to create a fresh Web 3.0 Community for players by players, with its own Marketplace and Play And Earn ecosystem that is accessible for all. In BoomLand's Metaverse, players will connect directly with game developers and with one another and help steer the course for the future of the Platform. Fun Blockchain games are finally here!

For more information:

https://www.boomland.io/

https://twitter.com/BoomLandGames 

https://linktr.ee/BoomLandGames

Press Inquiries:
Hannibal Soares
boombit@tailorsgroup.pl

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Information Provided via Press Release
The Crypto Press Association | Crypto & NFT Press Release Distribution

Get $40 in Crypto... for $20! - DimeFi Review...

Dimefi Review and Dimefi promo code invite

So far, we've been impressed with this new trading app with some real potential - so today we're going to do a basic overview and review of DimeFi

We should mention upfront - this is for US residents only, and so far they're able to operate in 43 states you can see listed here, and the Android version of the app hasn't launched yet - so you'll need an iPhone or iPad currently. 

It is fairly typical for a start-up in crypto found having to wait on some states with backed up or slow permitting processes. But it also shows you they're doing everything legit - they're already registered  with FinCEN of the US Treasury Department, and the Money Services Business (MSB).

As you can see, we're sharing this one VERY EARLY, the platform isn't even fully launched yet - if you do check it out you'll be among the first people to see it.  Not only giving our readers early access in this DimeFi review, but also a promo code invite link that will get you some free crypto.

Buy $20 Worth Of Any Of The Currently Supported Coins, Get ANOTHER $20 FREE!

You MUST signup via this link to get the $20 bonus!

If you signed up without using the special invite link above, you can contact support including the link, and tell them you mean to join via the invitation that includes the $20 bonus. 

Current coins to choose from are:

- Bitcoin

- Ethereum

- Litecoin

- Bitcoin Cash

- Solana

- Luna

- Avalanche

- USDC

No Trading Fees, plus the first time we've seen CASH BACK earned on every trade you make!

DimeFi is connected to multiple exchanges around the world and finds and executes the best price available, all without charging any commission fees!

Then when the transaction completes (usually instantly) it will come with some cash back! Yes, you get paid to trade here!

- Earn 25x what Banks Are Paying in Interest, When you leave Stablecoins on DimeFi...

Daily payouts!

Earn 12% APR on USDC you store on DimeFi!

Every coin they support will earn you interest just for leaving it there, but USDC pays the highest. Only you can decide what to do with your funds - either actively trade cryptocurrencies, or swap any coin they support into USDC stablecoin and to earn highest interest rates.

Your finds are protected by multilayer security.

DimeFi VS Donut 

Another growing platform for earning interest on crypto is 'Donut' - but they max out their earnings at 8%.  So clearly DimeFi is the winner among new earning apps, beating them with their offer of 12%

The DimeFi team is the same engineering team that built Uber's in-house risk-detection system for its billion-dollar cash-flow business.

- Get paid daily and withdraw funds any time for free.

Interest is compounded and paid daily. You may withdraw your funds at any time, either to your bank or an external crypto wallet address. 

We're Not The Only Ones Impressed So Far - Check Out These Reviews for DimeFi....

It already has 4.7 out of 5 stars with little over 100 DimeFi reviews, this could be the next big crypto app!

Dimefi review 1Dimefi review 2Dimefi review 3

So check out DimeFi and deposit $20 to get ANOTHER $20 free, click here!


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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News / Dimefi Review

Binance TAKES BACK $5 Million+ in Stolen Crypto from North Korean Hacker Group 'Lazarus'...

Crypto hacker - Ronin network hack funds returned

Binance says they were able to recover about $5.8 million worth of the stolen crypto that made its way onto its platform, originally taken from the Ronin Network/Axie Infinity bridge security breach that occurred at the end of last month, the original story is here.

Last week, the  U.S. Treasury Department identified North Korean hacking group 'Lazarus' as the attackers behind the theft.

Immediately after the theft occurred resources were deployed to follow every step the stolen coins would make...

The thieves attempted to use tornado.cash, a service that aims to make transactions that go through it private by breaking the chain of custody, they explain their service "uses a smart contract that accepts ETH deposits that can be withdrawn by a different address" and suggest the longer users wait to withdraw the funds they hold, the harder it becomes to link the person withdrawing to the original deposit.

This wasn't enough to hide their tracks, "We coordinated with industry leading blockchain analytics firms and immediately froze the funds when exposure to our platform was identified" a spokesperson for Binance said. 

We believe Chainalysis is the analytics firm they're referencing, as we know they've worked closely with Binance on legal compliance and anti-fraud issues for years, they also develop software specifically for the purpose of following tokens through transactions intended to hide their trail.

According to Binance CEO 'CZ' they also discovered 86 fraudulent accounts by following these funds. 

A Small Part Of The Massive Total...

The theft totaled more than $600 million in cryptocurrency, so recovery of just $5.8 million isn't even 1% of the total taken..  

But this was just the first battle in what will be an ongoing war, that we're now learning more about.

A Target On Them Every Second, of Every Day...

Speaking 'unofficially' with a cyber security coordinator from another top exchange (who requested to remain unnamed) the industry is taking an ultra-aggressive approach to dealing with the issue of hacks and ransomware that target or use cryptocurrencies.

"The coins are being watched by software that doesn't lose track of them just because they've been shuffled around and split up countless times before attempting to cash out" he explained "as soon as one of the firms monitoring these flagged coins sees them being transferred to an exchange capable of turning them in to cash - if we're that exchange, our phone is ringing seconds later. Someone capable of immediately freezing those funds will actually be there to answer it 24/7".

This coordination between organizations has one main goal "we want people from that world to see crypto as the worst, most headache-inducing way to do business" specifically regarding this latest theft, he added "I can imagine the celebrating these crooks did when they believed they had stolen $600 million.  Then I imagine these next few months, failing again and again to get their hands on it - unintentionally returning it to their victim.  At some point they'll need to evaluate how much time they've wasted for these $0 paydays."

We ended our conversation with him making a rather bold prediction "No joke - in the near future I see the scammers, hackers, thieves, hostile governments and whoever else may be from that world of illegitimated earnings demanding 'NO CRYPTO!' because we've made doing their business in crypto such an awful, stressful experience".

That's Exactly How it Continues to Play Out...

The thieves 'awful, stressful experience' continues as the US Treasury Department adds three more addresses to its list of blacklisted wallets connected to the Ronin Network hack.

Vowing to continue the "disruptive action against entities facilitating the movement of the stolen virtual currency" and calling on the crypto industry to "lock its digital doors" leaving the thieves with hundreds of millions of dollars... that are impossible to spend. 

Chainalysis recently released a completely free tool that any company or organization can easily integrate into whatever service they provide, allowing them to automatically check wallet addresses they or a user are transacting with are not on the blacklist of wallets involved in various illegal activities.

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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

VIEWPARK X SOUNDPARK PARTNER WITH DEEPMUSIC and DEEPFILM TO DEVELOP A METAVERSE DEDICATED TO MUSIC AND FILM

Across the metaverse

NEW YORK, NY - VIEWPARK X SOUNDPARK, the New York based global media company, announced a partnership with DeepMusic and DeepFilm to create Across the Metaverse, a music and film themed metaverse.

To launch Across the Metaverse VIEWPARK x SOUNDPARK will produce METAVERSE’S GOT GENIUS, the world’s first tv series created in the metaverse for global distribution. The series will be open to music talent worldwide whose avatars will compete for major prizes, including a label and talent promotion support deal with SOUNDPARK. SOUNDPARK’s President, Lord Joseph Clarke aka Capital LS, will participate in the curating of talent for the series and producing the winning songs.

Across the Metaverse will feature Deepex, an IP exchange for music and soundtracks, For the Love of Music Fund to finance the acquisition of music IP, and THIRTEEN Auction House for the auction of music related IP such as album covers, costumes from musicals, sets from shows or scores.

Musicians, filmmakers, and fans will have the opportunity to acquire land and participate in virtual concerts, operas, musicals, film screenings, master classes, festivals and work in film and music studios.

“We are honored to work with VIEWPARK and SOUNDPARK,” says DEEPMUSIC’s Founder and CEO Rick Li-Kei Tsing.  “Their formidable experience in the music and film industries add an incredible contribution to our metaverse and we are proud to be working with them both.”

Comments SOUNDPARK’s Joseph Clarke, “A metaverse dedicated to the music industry will be not only an incredible place to experience but we also see it as an amazing way for musicians globally to find a community, launch careers and participate in the upside of their music revenues and ownership. For too long we as musicians have lost control of our own music and career paths and have been less able to connect with and genuinely engage with our fans without some type of middleman. DeepMusic’s approach focuses on changing that in a meaningful way.”

VIEWPARK’s founder says, “After 30 years in the film and music industry we continue to look for creative ways to support and experience the arts. Web 3 is giving the world an opportunity to experience film and music in a whole new way and we are embracing the potential power of web 3 to reach more people, increase connectivity, drive more value for creators and allow more access to the fans.  Rick’s genius is to put all this under one umbrella and give creators and fans alike a modern, beautiful, and multi-dimensional approach for all things music and film”.

Deal was brokered by Vishwa Naik and Rohan Malhotra who will stay on with VIEWPARK and SOUNDPARK as their web 3 specialists and advisors.

ACROSS THE METAVERSE will begin to the first land sales on June 20, 2022.  METAVERSE GOT GENIUS will launch in first quarter 2023.


ABOUT VIEWPARK GROUP
VIEWPARK GROUPis a media and technology investment company for a Web3 world. Its founder and CEO, Krysanne Katsoolis has led media ventures for more than 30 years curating and distributing content across all verticals.  Katsoolis’ experience includes building both private and public companies including spearheading a reverse merger onto NASDAQ. https://viewpark.co

ABOUT SOUNDPARK
SOUNDPARK is a VIEWPARK company which represents and produces soundtracks, theatrical scoring, music artists and events in the universe and for the metaverse. SOUNDPARK is headed by 90’s Hip-Hop artist Joseph “Capital L.S” Clarke formerly of the group Rumpletilskinz signed to RCA records in 1993. https://thesoundpark.co

ABOUT DEEPMUSIC
DEEPMUSIC is a company that specializes in the development of Web3 ecosystems. It introduces a broad portfolio of projects including ACROSS the Metaverse and Metaverse Got GENIUS, to promote Music-Fi for a more inclusive music industry. DEEPMUSIC is founded by Rick Li-Kei Tsing and a team of blockchain technology experts; entertainment industry experts as well as financial experts. https://deepmusic.live


For more information, contact: 

Joseph Clarke
President, SOUNDPARK
joseph.c@thesoundpark.CO
+1 929 383 8852

Krysanne Katsoolis
Founder and CEO, VIEWPARK
krysanne@viewpark.co

Rick Li-Kei Tsing
Founder and CEO, DEEPMUSIC
rick@deepmusic.live

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Information Provided via Press Release
The Crypto Press Association | Crypto & NFT Press Release Distribution

LetsExchange Acquires Crypto Aggregator Alligat0r...

Letsexchange

UNITED STATES, APRIL 11 2022:
Launched in March 2021, LetsExchange.io has rapidly become one of the leading instant exchanges in the crypto sphere. As part of its expansion plans, LetsExchange has closed a deal to acquire Alligat0r, a startup company running a successful crypto aggregator. None of the parties disclosed the sum of the operation.

As a result, the services provided by Alligat0r will now be available on the LetsExchange platform. Alligat0r’s customers will be able to continue swapping cryptocurrencies on LetsExchange as they used to do on the former aggregator.

The number of monthly crypto swaps performed on the LetsExchange platform has increased by a 100x factor within one year. To keep up with the growing demand for crypto exchange services, LetsExchange has established strategic partnerships with major players in the crypto sphere, including the Trezor Suite, Trustee Wallet, Invity.io, SwapZone, and SwapSpace.

The acquisition of Alligat0r is another strategic move to offer better services to its customers. Currently, users can enjoy the following benefits on this platform:

- No mandatory registration or KYC checks

- Intuitive and fully-automated exchange process

- More than 350 supported cryptocurrencies

- Fixed and floating rates

- No upper limits on the amount of each transaction

- SmartRate technology for the most competitive rates.

LetsExchange is committed to providing premium services to traders and investors, and it will continue expanding its services in the next few months.

Learn more:
https://letsexchange.io/
https://twitter.com/letsexchange_io
https://t.me/letsexchange_io

Media Inquiries: Roger Santos
roger@letsexchange.io

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Information Provided via Press Release
The Crypto Press Association | Crypto & NFT Press Release Distribution
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