stylegoldenmanbtc

A survey suggested that around 28.8% of people in Australia are Crypto Investors. While this percentage was around 18.4% in 2020.  No matter whether it is a developing country or a developed country, crypto is getting into every type of community and Country of the world at high rates. However, the assumption may be wrong but survey data are clear proof of how much we are going toward the adoption of this crypto industry.  The latest research was conducted by the Independent Reserve’s Cryptocurrency Index (IRCI) on more than 2,000 Aussie people. In these people, there were 28.8% crypto traders, while this number was around 14.4% in 2020.  The results of this survey suggested that the majority of the crypto traders who responded to this survey, either lost or made money in the crypto industry. Around 89% were those who made or lost in 2021, this number was around 78% in 2020.  Adrian Przelozny, CEO of the Independent Reserve, shared his point of view on this res...

Bancolombia, Colombia-based bank, planning to give access to its clients to do Bitcoin buy, sell and trade with their funds.  Because of the increasing demand for crypto-related products, not only new companies are entering this crypto industry but also financial institutions are getting in.  In the lastest, Colombian biggest Bank, Bancolombia revealed that they established a partnership with the Gemini crypto exchange. Under the partnership with Gemini, Bank will offer frictionless Bitcoin trading services for its clients.  However, Bank revealed its plan for its new crypto services but didn’t yet explain whether they will give the ability to the users to deposit and withdraw funds to/from third-party platforms or wallets, or not Reportedly, this initiative of the bank is a part of the government-sponsored pilot program. Under this proposed idea, the Bank will launch its service of Bitcoin trading by 14 December.  Cynthia del Pozo García, principal of strateg...

A South Korean regulator official left his job to get a job in the crypto industry.  In the present time, the crypto industry is exploding at a very high rate because people are looking toward a new way to make money and also unemployment is a big factor that is pushing people to get into such kinds of things. But this is a very effective way to make money from the big startups and companies. Most of the crypto companies are hiring either tech experts or any government official, to establish better connections with the industry & government regulatory body.  In the latest, the news is coming from South Korea, where Seo, deputy director at Financial Services Commission (FSC), planned to leave his position in the financial industry department this month. Reportedly, Seo will get a job at crypto exchange Bithumb. According to experts, the government will see the resignation letter of Seo to follow all the rules to accept the request.  Last year, a similar case was ...

The regulators of the UK are planning to exclude the crypto industry from its compensation program.  In the present time, the crypto industry is growing much rapidly in almost every country. However there are huge restrictions on the crypto-related services and also on the crypto traders directly and indirectly but still, crypto lovers are not going backward.  Due to the increasing demand for crypto investment and also the movement of big companies in the crypto firm investment, raising concerns for the lawmakers of the United Kingdom. According to UK officials, if by chance this market exploded then in that situation, these companies will face a very big hurt over other industries. So, UK authorities are planning to restrict the investment indirectly in the crypto industry, which surged by around 30% over the last year, even experts warned.  The Financial Conduct Authority (FCA) published the proposal document and clearly said that they are planning to cut Crypto inv...

Singapore, Singapore, 6th December, 2021, Play-to-earn blockchain game SYN CITY will be launching its Binance mafia metaverse via the Binance Initial Game Offering (IGO) on December 9th at 4 pm UTC. As part of this launch, the SYN CITY team will offer a list of limited-edition NFTs and other in-game assets specifically designed exclusively for Binance. The concept of Initial Game Offerings (IGO) has been gaining significant traction in recent months. All IGOs are exclusive to Binance, where top-tier blockchain games drop their NFT collections on the Binance NFT platform. These collections may list via auctions, fixed-price sales, mystery boxes, and more. Binance allows game developers to install several rounds of IGOs for their upcoming games. This helps creators offer unlimited assets in each round via flexible pricing structures. IGOs are limited to gaming so all dropped content on the Binance NFT platform must only include in-game assets. These may include assets such as experi...

Charlie Munger shared his stance on the Chinese authorities to ban crypto assets. He also expressed his own opinion on Bitcoin as disgusting in the past years.  In the present time, there are many crypto billionaires and also non-crypto billionaires, who grabbed huge profits through hard work of perfect analysis and the decision to invest in the best assets( crypto or non-crypto). It has been seen so far many times that most of the non-crypto billionaires criticized the crypto industry as an illusion to get rich in a short time.  In the latest, Charlie Munger- a billionaire and investor, appeared at the live Sohn Conference in Sydney on Friday. He showed that he agrees with the policies of China to ban crypto.   “I admire the Chinese, I think they made the correct decision, which was to simply ban them.” Earlier, in May of this year, Charlie described his point of view on Bitcoin and the crypto industry as disgusting. He said that Bitcoin and “ the whole damn...

Meme coin project Floki inu announced strategic integration of the FLOKI inu project with the Chainlink network.  Even there are no use cases with the meme coins, except trading. But still, there are many meme coins, which are getting huge support and gain by price. It happened many times that most of the meme coins projects faced huge criticism by big crypto personalities because of no use cases. Now, most of the meme crypto projects are planning to expand their future with new use cases.  In the latest, Floki inu coin project announced their plan of ChainLink integration as a strategic move to push the crypto project to the next level in terms of use case.  On 3 December, with the announcement, the Floki inu team confirmed that they are ready to push the Floki crypto project in the Defi industry also.  The #FLOKI x Chainlink Integration: A Quick Overview Here's a quick overview of the #FLOKI x Chainlink integration we announced today — and how importan...

Despite a huge market crash, the Cardano project is getting better support in the crypto industry and hitting new milestones.  Thanks to Alonzo Hardfork in the Cardano blockchain network, which enabled smart contract features in the Cardano mainnet blockchain network. New crypt projects are planning to enter the crypto industry with the use of the Cardano blockchain network.  Currently, more than 6 crypto projects are working on developing and fundraising to deploy their project on the Cardano blockchain. SundaeSwap is also one of the projects, which aimed to detect bugs in coding by launching the swap project on the Cardano testnet.  In the latest, the number of wallets staking ADA reached 1 million. This number is very big in terms of the rapid surge. This growth was not very interesting around a few months back. But the surge in this month over the last month is around 1000%. That means, around 10 fold rapid adoption of the Cardano crypto project took place. ...

Whistleblower Edward Snowden shared his stance on the gaming projects backed by the concepts of the crypto NFTs and Metaverse strategy.  In the very beginning, when the crypto and blockchain industry was surging, people were inclined toward the transparency and reality of the data because of blockchain technology. When the first time blockchain technology was introduced in the world with Bitcoin, technology claimed that actual transfer of the data took place in a blockchain network instead of a read and write system, but the majority of people denied this reality. Now the concept of the NFTs project is giving full proof that actual data transactions took place. And now this technology is shifting toward the gaming industry also.  In an interview with the Parachains- Polkadot & Kusama project inclined YouTube channel , Edward Snowden, shared his point of view on the crypto NFTs and Blockchain-backed gaming concept.  Edward raised concern over the monetization of ...

The trend of crypto assets in the category of meme coin surged also because of the news and crypto media websites, which published huge numbers of pages on these coins because of increasing popularity.  Dogecoin, Shiba inu, FLOKI, Dogelon, etc all these coins are meme coins. The first two coins grabbed a very high level of attention in the crypto industry because of the shoutout and support of Elon Musk’s tweets, since the end of last year. Because of the sudden surge in the price of these meme coins, many news websites took advantage of this popularity to get traffic.  According to a report published by Finbold, around 106,800 pages have been published by online websites during recent high fluctuations in the crypto industry, only on Dogecoin. And this number is 13 fold more than the Shiba inu meme coin.   Number of DOGE-related published pages. Source:  Ahrefs.com In November, Shiba plunged with around at least 33% and Dogecoin by around 20%. Both of these...

Shiba Inu’s official Twitter account showed his support to the Bitmart crypto exchange against a recent hack that resulted in a huge loss for the exchange.  On 5 December, we reported that Bitmart exchange faced a hack attack and lost around $200 million. This amount of lost funds in the attack was very large in terms of recent hacking attacks in the crypto industry. Hackers reportedly grabbed many crypto assets from the hot wallet of the exchange. In particular, hackers drained around 900 billion Shiba inu tokens.  Now in the latest, the Shiba inu meme coin project team is giving its helping hand in support of the Bitmart crypto exchange.  Official Dogecoin killer, Shiba Inu, tweeted that ‘it is a time to support and give love to the Bitmart exchange’.  Dear #ShibArmy , Even though the core of our project is decentralization, we want to show our support and give some love to our friends at @BitMartExchange , who are already working hard to fix the security...

The crypto world has gained widespread popularity over the past few years. More institutions and individuals are turning to popular digital assets like Bitcoin and Ethereum as alternative investments amid worsening economic conditions. As the cryptocurrency industry bursts forth, it has opened the door for a new movement that facilitates decentralized lending and borrowing. DeFi offers great opportunities for investors to earn passive income by putting in their crypto funds to any protocol’s liquidity pool. The influx of capital into DeFi since the  summer of 2020  has demonstrated the potential of the nascent sector to transform the traditional financial system. Although the concept of DeFi has already disrupted the structure of the legacy financial system in many ways, it still has massive potential for growth. By integrating multiple protocols into their smart contract, emerging platforms can offer a wide range of solutions that serve the evolving needs of users. New pr...

Bitget, a Crypto exchange headquartered in Singapore, lost its crypto license because of the alleged promotion of Army coins in the wrong way. Singapore is the best region in the world in terms of crypto adoption. Because Singapore’s authorities never refused to adopt the crypto and blockchain industry. But besides the adoption of crypto, Singaporean regulatory bodies imposed high-level restrictions over the crypto-related services to prohibit the misuse of crypto assets for illicit or unfair activities.  In the latest, a news is coming from Singapore regarding the promotion of a coin by crypto exchange Bitget.  On October 25, Bitget listed the Army coin. And also tweeted about the listing of Army coins. In the tweet, Bitget mentioned that the Army coin will be used for the survival of the lives of the members of BTS.  As we know, BTS is a South Korean pop band. Reportedly, Bitget used the BTS band without any permission and tried his best to use the name of the BT...

The CEO of the lending platform, Celsius, shared his stance on Bitcoin use for payment purposes. And claimed that Bitcoin doesn’t have the property of Currency.  At present, crypto adoption is increasing because of the reliability of blockchain technology, where people can easily trace their transactions openly. But with most of the crypto assets, there is a problem of volatility and that is ruining the crypto adoption for payment purposes. However, there are a few better and more genuine options but people are not feeling well enough to use them, for example, stabelcoins. Alex Mashinsky, CEO of crypto Lending platform Celsius Network, appeared in an interview on Coin Stories . In the interview, Alex noted that Bitcoin doesn’t have those properties, which are needed to use for payment purposes In the very starting, Alex said that he wants to remain in a scenario, where Bitcoin is doing well as an asset and the US dollar remains a reserve currency.  “I’d much rather be in...

Konzum from Croatian, a popular and largest food retail shop network, became the first to accept digital assets-based payments.  Day by day adoption of the crypto assets is going to the next level. People are not only investing in crypto but also using it in their unique ways. No doubt that Regulators of almost every country are trying their best to impose restrictions on the crypto industry to restrict all the crypto users limited to crypto trading instead to use for payment purposes. But eager crypto users are not lagging to use crypto for payment purposes. And due to the increased demand for crypto for payment purposes, many businesses are trying to integrate their services with crypto.  In the latest, Konzum, the largest food producer and retailer in the Western Balkan region, became the first-ever retail shop network in the Western Balkan to adopt a crypto assets-based payment facility for their retail users.  In this initial phase of crypto integration, Konzum ...

The CEO of Binance exchange said that they are planning to expand their crypto business in the United Kingdom despite regulatory and scrutiny issues. Binance is a popular crypto exchange in the whole world and also this exchange is famous for its pro-level crypto trading services for its users. This year, this exchange faced huge scrutiny issues in many countries because of its risky services, especially high leverage-based derivative trading. Later, Binance exchange did many changes and also stopped crypto offerings from many countries, to follow the guidelines & order of regulators.  Changpeng Zhao, CEO of Binance Exchange, appeared in an interview with the Telegraph. In the interview, Binance CEO shared his plans for Binance exchange’ services to expand in the UK.  In June of this year, regulators of the UK ordered Binance exchange to stop crypto offerings and Binance exchange did the same. By considering that matter, Zhao explained his systematic plan.  Zhao...

After six months of active development, the team behind WIN NFT HORSE, one of the hottest GameFi projects in the market, officially launches the open beta test on December 6, 2021, on the TRON network. WIN NFT HORSE is a “GameFi NFT Metaverse” multi-chain horse racing game jointly developed by the APENFT Foundation and WINKLink, powered by TRON. The game runs on both Ethereum and Binance Smart Chain (BSC), as well as being the first-ever GameFi project launched on the TRON blockchain. After the close beta test on the TRON network on November 18, all data was erased. As a result, only the original horses (NFT) have been retained. This upcoming version on TRON will save the player data, allowing players to experience the joy of the game. WIN NFT HORSE is a high-quality horse racing game that offers plenty of entertainment and rich battle gameplay built over eight different levels and has impressive visual effects, with precise details of both the riders and horses. Players can comple...

Nischal Shetty shared his point on the reports based on the Cabinet note on the upcoming crypto bill of India.  At present, the crypto bill of India is under full discussion on the table of Cabinet ministers. A few days ago, we reported that a local news media tv channel, NDTV, reported that they got information from the Indian crypto bill through a cabinet note. According to the cabinet note, foreign crypto exchanges will not be allowed to give services in India. Nischal Shetty, the founder of the Wazirx crypto exchange, shared his point of view on this information.  Nischal said that, however, reports are unconfirmed but still if the proposed framework on the crypto regulation will halt the foreign exchanges then it will not be a fair decision.  According to Nischal, if any crypto service is regulated then that should be allowed in India also under the regulation, which is also an approach of other countries. He wrote: Further, he said that if all regulated cryp...

The Federal Bureau of Investigation seized more than $2 million worth of crypto assets. Seized crypto transactions were associated with Ransomware gangs REvil. The Federal Bureau of Investigation( FBI) is trying its best to encounter and bust all kinds of illicit activities related to all crypto and non-crypto. In Recent years, Crypto adoption increased with the adoption of crimes also. However, the crime rate with the use of crypto is less than the non-crypto, but still, there is a big need to bring better rules and regulations to restrict these kinds of activities. The FBI is doing well, in this matter.  In the latest, according to a CNN report , the FBI seized around $2.3 million worth of crypto assets. These crypto-assets are “traceable to ransomware attacks committed by Skin”. According to the US enforcement agency, Silerin is associated with the gang REvil, which is popularly known for ransom attacks, in the darknet.  This action of the FBI agent was part of the str...

The US regulators rejected the Bitcoin spot ETF application of the WisdomTree and said that market manipulation is a big concern.  On 1 December, the United States Securities and Exchange Commission (SEC) agency rejected the application of WisdomTree ‘s Bitcoin spot Exchange trading fund product.  Many reports claimed that the SEC agency is not giving answers with better clarity that are reasons to reject it. And also there are no fair reasons to reject the application.  However, the SEC agency explained on their own and pointed out the main reason for the rejection of the application of Bitcoin spot by the Wisdom Tree firm.  According to the SEC agency, there are many types of risks with Bitcoin Bitcoin spot ETF products. And the main important risk is market manipulation.  SEC agency officially wrote about the concerns with the application of WisdomTree:  “The Commission concludes that BZX has not met its burden under the Exchange Act and the Com...

The President of El Salvador shared his stance on the Bitcoin buy, which is going beneficial over Gold Investment.  El Salvador is the first country in the world to adopt Bitcoin as a currency alongside the use of the US dollar. However, it was not an easy journey for the ruling government to adopt Bitcoin as Currency. Many political pressures forced the Bitcoin law to be taken back. But the President of El Salvador adopted as per planning to achieve growth for the country.  On 4 December, Nayib Bukele, president of El Salvador, announced to buy Bitcoin totalling 150+50 Bitcoins, in the crash. In response, Peter Schiff, economic and global strategist, said that there are many dips that will come in future. How you can waste the public money.  There's a lot more dips coming. How much taxpayer money do you intend to waste? — Peter Schiff (@PeterSchiff) December 4, 2021 In response, Nayib Bukele explained how they are moving toward growth with the Bitcoin Investme...

Developers fixed a bug issue that was highly risky to the Solana network-based projects. Solana is a top-level crypto project of the crypto industry and also it is popularly known as the king of Scalability of blockchain transactions. This project is different from every crypto project of industry because of its unique Consensus Proof-of-concept.  In July, a researcher, Simon, pointed out a bug issue in the Solana protocol. However, bug was not a big issue according to the researcher. Simon shared about this bug in GitHub.  When researchers tested again about the bug reported by Simon in June, they found that the bug was not fixed by the developer team, and also the bug may end up in billions of dollar losses.  Blockchain Security researchers at Neodyme published a report on this matter. Published blog of the researchers said that the bug was associated with the Solana Protocol Library (SPL). And the possibility to execute the same bug in single transactions was pos...

Bitmart crypto exchange faced a hack attack. In the attack, the exchange lost multiple crypto assets.  Bitmart is a Cayman-based crypto exchange and launched in 2018. This crypto exchange is centralized. And popularity is known for strict rules to prohibit even a single illicit transaction.  On 5 December, Bitmart faced a hacking attack. In the very starting, Peckshield, a blockchain security and data analytics company, encountered this attack on the exchange.  In the very starting, According to PeckShield, Bitmart exchange lost around $100 million worth of crypto assets. And further investigation of PeckShield revealed that Bitmart also lost an additional $96 million.  Total estimated loss: ~200M (~100M on @ethereum and ~96M on @BinanceChain ). (Previously we only counted the loss on @ethereum ). And here is the list of affected assets/amounts on @BinanceChain pic.twitter.com/cXXApDFtd7 — PeckShield Inc. (@peckshield) December 5, 2021 As we can see th...

El Salvador again took advantage and added 200 Bitcoins to the government treasury fund.  El Salvador is the first country in the world, which adopted Bitcoin as a legal tender. Legally, El Salvador adopted Bitcoin as Currency on 7 September of this year. After every crash, El Salvador bought Bitcoins.  On 4 December, the crypto market crashed and that resulted in a big crash in the flagship assets by a big difference. Bitcoin touched around $42,000. In this crash, the republic of El Salvador bought around 150 Bitcoins and then again 50 Bitcoins more.  Nayib Bukele, president of El Salvador, announced this information on Twitter.  You must buy 50 more coins to match. It’s just a couple million dollars more… Come on! https://t.co/GPTvjXM9ru — Nayib Bukele (@nayibbukele) December 4, 2021 So, now El Salvador holds around 1,320 Bitcoins. And the worth of these coins is around $60.3 million at the current price of Bitcoin.  At the time of writing t...