A non-fungible token from the CryptoPunk collection has sold for a staggering 2,691 ETH ($3.3 million), defying the bear market. This has marked one of the most valuable NFT sales of all time despite the fact that the industry is in the doldrums. The purchase has pushed the floor price of the CryptoPunk collection higher. The collection has seen a resurgence this summer despite the fact that sentiment toward NFTs has soured. Another rare CryptoPunk was bought for $2.6 million earlier this week. Last June, a CryptoPunk NFT was sold for a whopping $12 million worth of Ether. Read more on U.Today https://u.today/what-bear-market-cryptopunk-sells-for-33-million |
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Dogocoin co-founder Jackson Palmer has slammed video hosting giant YouTube in a recent tweet for failing to crack down on Elon Musk-related scam livestreams. Palmer has managed to find plenty of scam streams by simply searching the centibillionaire’s name. Palmer has heard a theory that the real reason why YouTube is doing nothing about the problem is that stopping Elon Musk scam streams would deprive it of ad revenue. “That's just really disheartening if the case,” the Dogecoin co-founder said. YouTube has faced plenty of criticism for failing to stop scam ads. Fake videos featuring Musk and other prominent personalities are currently being watched by thousands of people. Scammers typically try to fall their victims into sending them crypto with the help of too-good-to-be-true promises. Read more on U.Today https://u.today/dogecoin-co-founder-floats-jaw-dropping-theory-about-elon-musk-bitcoin-scam-ads-on-youtube |
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Dogecoin (DOGE) Shiba Inu (SHIB) BabyDoge (BABYDOGE) Many treat them disparagingly, many consider them just a fun toy and many identify them with memes, but the fact remains that the communities of these coins are so huge that they call themselves armies. We are talking about Dogecoin (DOGE), Shiba Inu (SHIB) and BabyDoge. And while the first two are the more entrenched participants on the crypto market, BabyDoge is not on this list as a passenger, having celebrated its super successful first year since the project's birth in June 2021. How are these popular coins performing in times of total volatility and extreme fear on the crypto market? In short, better than expected, reacting to fundamental events on par with their more serious market competitors. Let's review their charts in detail. Read more on U.Today https://u.today/shib-doge-and-babydoge-how-do-community-favorites-perform |
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#PROOF OF AUTHENTICATION# Forum Username: tokyohd Forum Profile: https://bitcointalk.org/index.php?action=profile;u=3334640 Telegram Username: @tokyohd Participate Campaign: Signature mVOLR Wallet: 0x1k35dceabb542cc8269f83586b48aef617d6950fecff3e+beb45f125d6a73b376a338ec756a160fb1e99b1f7f106d8d4ddd643931f67015 |
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Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad. The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally. Full Details: https://news.bitcoin.com/bank-of-russia-ready-to-legalize-crypto-mining-if-miners-sell-minted-coins-abroad/ Do you expect Russia to legalize cryptocurrency mining this year..? |
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Cardano’s Vasil hard fork has been launched on the blockchain’s testnet, according to an announcement posted by lead developer Input Output on Sunday. The company says that the event has marked an “important next step” toward the implementation of the much-anticipated upgrade. Over the next four weeks, stake pool operators, developers, and cryptocurrency exchanges will be conducting their testing of Vasil. After that, the hard fork will be triggered on the blockchain’s mainnet. As reported by U.Today, Input Output announced that the launch of the hard fork had been postponed. Nigel Hemsley, head of delivery and products at Input Output, stressed that there was no rush to launch the upgrade since the team of developers prioritized its quality and security. Hemsley explained that Vasil was the most sophisticated program of development for the Cardano team to date. Details: https://u.today/cardanos-vasil-upgrade-goes-live-on-testnet |
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Voyager Digital today announced it had suspended trading, deposits, withdrawals, and loyalty rewards on its platform. Voyager Suspends Crypto Trading and Withdrawal In an announcement made today, crypto company Voyager Digital stated that it was “temporarily suspending trading, deposits, withdrawals and loyalty rewards” as of 2 p.m. ET on Friday. Commenting on the development, Stephen Ehrlich, Chief Executive Officer of Voyager, said: “This was a tremendously difficult decision, but we believe it is the right one given current market conditions. This decision gives us additional time to continue exploring strategic alternatives with various interested parties while preserving the value of the Voyager platform we have built together. We will provide additional information at the appropriate time.” The move hardly comes as a surprise as just a few days back, Voyager issued a notice of default the beleaguered crypto hedge fund Three Arrows Capital (3AC) due to the latter’s inability to repay a $650 million loan, primarily denominated in bitcoin (BTC) and USDC. Currently, Voyager is actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands. In a bid to expedite the process, Voyager had taken the services of Moelis & Company and The Consello Group as financial advisors, and Kirkland & Ellis as legal advisors. Voyager also released financial and balance sheet updates in accordance with the requirements of Canadian Securities Laws. Notably, the balance sheet includes $350 million of USDC and 15,250 BTC loaned to 3AC. Further, the balance sheet update shows that Voyager holds $355.72 million in cash held for customers and $168 million in crypto collateral received/held. Details: https://crypto.news/crypto-firm-voyager-suspends-withdrawals-deposits-trading/ |
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Bitcoin promoters are betting on an eventual recovery that will vindicate their strength of conviction. However, even if the flagship cryptocurrency manages to surge to as high as $100,000 during another bull market, it will still be a failure, according to Nassim Taleb. The famed mathematician explains that the leading cryptocurrency has failed as a hedge against inflation. In fact, it has actually acted with opposite properties. As reported by U.Today, Taleb believes that the ongoing cryptocurrency winter may degrade into a full-blown “ice age,” meaning that prices will not recover for a long period of time (if ever). The “Black Swan” author has also taken aim at “bitidiots” like El Salvador President Nayib Bukele who still claim that Bitcoin is cheap in a recent tweet. The self-proclaimed “world’s coolest dictator” continues to gamble away taxpayer money. Earlier this week, Bukele bought another 80 Bitcoins despite the fact that El Salvador, one of the poorest countries in the western hemisphere, had lost more than $50 million because of his ill-timed Bitcoin purchases. Details: https://u.today/bitcoin-will-be-a-failure-even-if-it-hits-100000-says-black-swan-author |
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According to recent updates shared by Cardano's IOHK, the Vasil hard fork is expected to happen on the Cardano testnet on Sunday, July 3. IOHK noted, "Once the changes have taken effect after the start of epoch 215 at 20:20 UTC on July 3, the Cardano testnet will start to enjoy the new Vasil enhancements and capabilities to be seen on mainnet." During the week, IOHK announced it had submitted an update proposal to hard fork the Cardano testnet, thus starting the countdown for the Vasil mainnet upgrade. Exchanges and SPOs (stake pool operators) need at least four weeks of testing after testnet deployment, which puts the tentative date of the Vasil mainnet hard fork at the last week of July. Full Details: https://u.today/cardanos-vasil-hard-fork-set-to-launch-on-testnet-this-weekend-details |
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Shiba Inu and Dogecoin holders can now pay for Uber Eats food deliveries with their cryptocurrencies via BitPay. Other cryptocurrencies supported by BitPay include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, XRP, Dai, Wrapped Bitcoin (WBTC) and stablecoins. According to a blog post by BitPay, since Uber Eats does not yet accept direct cryptocurrency payments, this method of payment is exclusive to BitPay gift cards and BitPay cards. Alternative payment methods include BitPay partner Menufy, which accepts payments from cryptocurrency wallets for takeout or delivery from regional or national restaurant chains. Food delivery companies such as DoorDash and GrubHub, as well as takeout restaurants such as Grill, Chili's, Carrabba's Italian Grill, Steak 'n Shake and many more, are accepting crypto via BitPay. Details: https://u.today/shiba-inu-dogecoin-accepted-for-payment-by-food-delivery-company-uber-eats |
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Shares of Grayscale Bitcoin Trust (GBTC) started trading at a massive discount of roughly 35%, according to data provided by YCharts. This came after the U.S. Securities and Exchange rejected the company’s application to convert the trust into an exchange-traded fund despite months of extreme lobbying. The formidable securities regulator raised concerns over market manipulation, echoing its previous rejections. Grayscale followed through on its threat to sue the SEC if its ETF filing gets shot down by the regulator. It took the federal agency to court immediately after the unfavorable verdict. More Info: https://u.today/grayscales-bitcoin-fund-reaches-record-discount-after-sec-snub |
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Cryptocurrency giant FTX is finalizing a deal to acquire troubled lender BlockFi for just $25 million, according to a report published by CNBC. The aforementioned sum is just a drop in the bucket compared to the $5 billion valuation the company sought a year ago. The prominent cryptocurrency lending company was also vocal about its plans to go public. Last March, BlockFi landed a $350 million Series D funding round that boosted its valuation to $3 billion. The acquisition deal is expected to be inked by the end of this week, the report says. Details: https://u.today/ftx-is-buying-fallen-unicorn-blockfi-for-mere-pennies-report |
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Tom Lee's Fundstrat Global Advisors told CNBC that it is expecting another major Bitcoin sell-off to take place in the near future. The New York-based independent research boutique believes that this will be the final "washout" before more buying opportunities emerge. Fundstrat believes that the largest cryptocurrency could briefly drop below its June low. The Bitcoin price plunged to as low as $17,592 on June 18, which marked the cryptocurrency's lowest price point since December 2020. While this marked at least a short-term bottom, bulls only managed to pull off a modest recovery. Earlier today, the top cryptocurrency once again slipped below the pivotal $20,000 level. As reported by U.Today, FS Investments Chief Market Strategist Troy Gayesk recently predicted that risk assets such as Bitcoin might head much lower if the head gets serious about shrinking the balance sheet. Lee, a well-known permabull, has a history of terribly wrong price predictions. In December, he insisted that Bitcoin could still hit $200,000 in a CNBC interview despite missing his 2021 target. In April, Lee opined that Bitcoin was not "speculative" enough. Details: https://u.today/tom-lees-fundstrat-warns-of-big-bitcoin-sell-off |
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Dogecoin's latest performance was a nice surprise for investors, as the coin successfully broke through resistance levels that U.Today mentioned previously. As of now, DOGE is on its way to breaking even stronger barriers. At press time, DOGE was getting close to the 50-day Exponential Moving Average and showed the potential of breaking through it as the trading volume saw a strong spike in the first day of the trading week. Full Details: https://u.today/dogecoin-doge-becomes-most-profitable-asset-on-market-with-13-price-increase |
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A couple days before the beginning of the summer of 2022, STEPN had to make a rough announcement that pushed the token's price down by 30%, but despite the project's grim-looking future, GMT has gained 75% to its value in the last seven days, showing that investors are still ready to support the "walk-to-earn" business model. According to the one-day timeframe, GMT is successfully moving to the first resistance level on its way up to a complete rally reversal. As of now, STEPN has reached the 50-day moving average, which acts as a barrier between descending and ascending assets. Full Details: https://u.today/stepn-returns-to-crypto-market-top-with-75-price-spike-in-last-7-days |
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According to a recent announcement, Input Output has released Cardano node 1.35.0. The leading Cardano developer says that the release of the node is an “important milestone” on the road to the Vasil hard fork. The team of developers is now preparing for the release of the Cardano testnet. The testnet update proposal will be submitted as soon as 75% of all stake pool operators get on board, thus ensuring the required level of chain density. As reported by U.Today, the Vasil hard fork was originally scheduled to launch in late June, but it has since been postponed. According to the updated schedule, it is now expected to happen in late July. Details: https://u.today/cardano-reaches-important-milestone-on-road-to-vasil-upgrade |
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During the week, precisely on June 21, Shiba Inu (SHIB) sharply rose more than 45% to become one of the biggest gainers on the crypto market. This blistering rally caused Shiba Inu to retain the position of the largest held crypto asset for the top 100 Ethereum whales, a position which it continues to hold at press time. According to data provided by the blockchain data tracker, the top 100 ETH whales now hold $594,171,595 worth of SHIB, which is 14.48% of their holdings. Also, Shiba Inu was trading up nearly 4% at $0.000011 after gaining as much as 15% earlier. Per IntoTheBlock data, the profitability of the top meme cryptocurrency, Shiba Inu (SHIB), has increased to 22%. Likewise, the Shiba Inu holder count has jumped to 1,188,659 at press time, demonstrating growth in June. Details: https://u.today/shiba-inu-remains-largest-token-held-by-whales-as-shib-price-rises-15 |
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According to the recent tweets posted by WhaleStats on-chain data service, large Ethereum whales keep purchasing big chunks of Polygon’s native coin MATIC, while the coin has added more than 26 percent in the past two days and in total has gained roughly 70 percent since the start of the week. Whales grab 15 million MATIC on 70% price surge WhaleStats has reported that over the past 24 hours, whale known as "BlueWhale0072" has made two transactions, acquiring 10,000,000 and 4,723,190 MATIC tokens. All-in-all, these two purchases were worth $8.7 million. As covered by U.Today earlier, whales have been actively acquiring MATIC over the past six weeks since early May. By doing so they have demonstrated a 9-percent rise of their balances of wallets holding from 100 million to 1 billion tokens. Details: https://u.today/15-million-matic-bought-by-eth-whale-as-token-rises-26-in-past-3-days |
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@babydogeburn_ Twitter account has reported that over the past few hours, a whopping 2,018,896,967,261 Baby Doge Coins have been removed from the total circulating supply. The crypto was burned in three transfers of 876,668,446,039, 802,206,663,474 and 341,857,169,748 coins, which together are worth $3,372. By regular token burns, BabyDoge community hopes to reduce the supply in circulation to a degree when the meme coin becomes scarce and this would help its quotes go up significantly. Thus far, BabyDoge meme coins are getting locked in unspendable wallets – the same situation is happening to the second largest meme crypto Shiba Inu. Its community has been conducting daily and weekly burns since last year, however, it has not impacted the SHIB price positively yet. Details: https://u.today/babydoge-pumps-135-as-community-burns-2-quadrillion-coins |
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