Dami (@meme1) • Hey

A relentless Web3 enthusiast

Stats

Following: 45
Followers: 62

Publications

Is It Good to Drink Ginger Tea Every Day? Ginger tea is generally regarded as safe for most people to consume daily. However, if you intend to consume a large amount every day, you should consult your doctor, especially if you are on any medications. A cup of ginger tea every day can help your digestive system and prevent indigestion, nausea, and heartburn. Morning sickness during pregnancy can be relieved by combining a teaspoon of mint juice, lemon juice, and a tablespoon of honey with ginger tea. Other health benefits of ginger tea may include: Ginger may help boost your immunity, thereby helping you fight certain viral and bacterial infections. It contains vitamins C and B6, magnesium, and trace amounts of iron and calcium. According to researchers, the volatile oils and phenol compounds in ginger give it its healing properties, which keep us safe and protected from seasonal winter illnesses. Ginger tea can help with coughs, colds, throat infections, wheezing, and other respiratory issues. Ginger aids digestion and improves gut health. Because gingerol has muscle relaxing properties, it is beneficial for people who suffer from acid reflux, indigestion, or stomach discomfort
Bitcoin, Ethereum prices rise after U.S. inflation report Bitcoin and stocks experienced a notable price increase following the release of the April U.S. inflation data. The Consumer Price Index (CPI), which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, indicated a 3.4% increase in consumer prices from last year. The year-over-year inflation figure represents a slight decrease from March’s inflation rate of 3.7%, as reported by the U.S. Bureau of Labor Statistics (BLS). Shortly after the BLS published its findings, Bitcoin’s price (BTC) reached $ 64,492, marking a 4% rise over the past 24 hours and a 1% increase within the last hour, according to CoinMarketCap. Similarly, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, increased its price to $ 2,960.94, up 1.87% from the previous day and 1% from an hour earlier. The BLS highlighted housing and gasoline as the primary contributors to the inflation rate in April, reflecting ongoing economic pressures in these sectors.
US brothers arrested for stealing $ 25m in crypto in just 12 seconds Two brothers who studied at one of the most prestigious universities in the US have been charged with stealing $ 25m (£20m) in cryptocurrency in 12 seconds. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are accused of wire fraud and money laundering. The US Department of Justice said the alleged heist is the first of its kind. Prosecutors also say the pair, reportedly educated at the Massachusetts Institute of Technology (MIT), carried it out in April 2023. "The Peraire-Bueno brothers stole $ 25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds," said Deputy Attorney General Lisa Monaco. She added that agents from the Internal Revenue Service (IRS) played a key role in unravelling the "first-of-its kind wire fraud and money laundering scheme". Prosecutors allege the two used highly specialised skills that they learned at "one of the most prestigious universities in the world" to exploit Ethereum's process for validating transactions.
"How Do I Love Thee?" By Elizabeth Barrett Browning How do I love thee? Let me count the ways. I love thee to the depth and breadth and height My soul can reach, when feeling out of sight For the ends of Being and ideal Grace. I love thee to the level of every day's Most quiet need, by sun and candlelight. I love thee freely, as men strive for Right; I love thee purely, as they turn from Praise. I love with a passion put to use In my old griefs, and with my childhood's faith. I love thee with a love I seemed to lose With my lost saints, - I love thee with the breath, Smiles, tears, of all my life! - and, if God choose, I shall but love thee better after death.
"The More Loving One" by W.H. Auden Were all stars to disappear or die, I should learn to look at an empty sky And feel its total dark sublime, Though this might take me a little time.
Say a birthday wish for my son. He is the sunshine of my life ☀
I wanna dance by water 'neath the Mexican sky Drink some Margaritas by a string of blue lights Listen to the Mariachi play at midnight Are you with me, are you with me? Are you with me? Are you with me?
Shello friends of the lagoon!🧜♀️🧜 We're delighted to announce that @phaver the king itself just chose the names of the lucky winners of the Phaver up genesis Raffle!!! 👀💥🥳🎉🍾 Wag your tails and give the loudest applause in the Monniverse for @fkaycollectionz and @ekinox !! Congratulations, you are the winners of the Phaver genesis NFT!"🫧🏆 Keep Phavering and Remember mermaid are boiling more surprises for you 🐠🐟🐬 There is a sharkrun under the sea !!🦈🌊 bubble bye for now 🫧🌊🐟
Level 4 here I come. Welcome to a world of boundless opportunities, Dami. @lens/phaver we're about to make history together 🚀 🚀 🚀
🚀 🚀 🚀
Psalm 150 BY JERICHO BROWN Some folks fool themselves into believing, But I know what I know once, at the height Of hopeless touching, my man and I hold Our breaths, certain we can stop time or maybe Eliminate it from our lives, which are shorter Since we learned to make love for each other Rather than doing it to each other. As for praise And worship, I prefer the latter. Only memory Makes us kneel, silent and still. Hear me? Thunder scares. Lightning lets us see. Then, Heads covered, we wait for rain. Dear Lord, Let me watch for his arrival and hang my head And shake it like a man who's lost and lived. Something keeps trying, but I'm not killed yet.
The African Burial Ground BY YUSEF KOMUNYAKAA They came as Congo, Guinea, & Angola, feet tuned to rhythms of a thumb piano. They came to work fields of barley & flax, livestock, stone & slab, brick & mortar, to make wooden barrels, some going from slave to servant & half-freeman. They built tongue & groove — wedged into their place in New Amsterdam. Decades of seasons changed the city from Dutch to York, & dream-footed hard work rattled their bones. They danced Ashanti. They lived & died. Shrouded in cloth, in cedar & pine coffins, Trinity Church owned them in six & a half acres of sloping soil. Before speculators arrived grass & weeds overtook what was most easily forgotten, & tannery shops drained there. Did descendants & newcomers shoulder rock & heave loose gravel into the landfill before building crews came, their guitars & harmonicas chasing away ghosts at lunch break? Soon, footsteps of lower Manhattan strutted overhead, back & forth between old denials & new arrivals, going from major to minor pieties, always on the go. The click of heels the tap of a drum awaking the dead.
Lift Every Voice and Sing BY JAMES WELDON JOHNSON Lift every voice and sing Till earth and heaven ring, Ring with the harmonies of Liberty; Let our rejoicing rise High as the listening skies, Let it resound loud as the rolling sea. Sing a song full of the faith that the dark past has taught us, Sing a song full of the hope that the present has brought us. Facing the rising sun of our new day begun, Let us march on till victory is won. Stony the road we trod, Bitter the chastening rod, Felt in the days when hope unborn had died; Yet with a steady beat, Have not our weary feet Come to the place for which our fathers sighed? We have come over a way that with tears has been watered, We have come, treading our path through the blood of the slaughtered, Out from the gloomy past, Till now we stand at last Where the white gleam of our bright star is cast. God of our weary years, God of our silent tears, Thou who hast brought us thus far on the way; Thou who hast by Thy might Led us into the light, Keep us forever in the path, we pray. Lest our feet stray from the places, our God, where we met Thee, Lest, our hearts drunk with the wine of the world, we forget Thee; Shadowed beneath Thy hand, May we forever stand. True to our God, True to our native land.
FACING IT BY YUSEF KOMUNYAKAA My black face fades, hiding inside the black granite. I said I wouldn't dammit: No tears. I'm stone. I'm flesh. My clouded reflection eyes me like a bird of prey, the profile of night slanted against morning. I turn this way—the stone lets me go. I turn that way—I'm inside the Vietnam Veterans Memorial again, depending on the light to make a difference. I go down the 58,022 names, half-expecting to find my own in letters like smoke. I touch the name Andrew Johnson; I see the booby trap's white flash. Names shimmer on a woman's blouse but when she walks away the names stay on the wall. Brushstrokes flash, a red bird's wings cutting across my stare. The sky. A plane in the sky. A white vet's image floats closer to me, then his pale eyes look through mine. I'm a window. He's lost his right arm inside the stone. In the black mirror a woman’s trying to erase names: No, she's brushing a boy's hair.
Still I Rise BY MAYA ANGELOU You may write me down in history With your bitter, twisted lies, You may trod me in the very dirt But still, like dust, I'll rise. Does my sassiness upset you? Why are you beset with gloom? ’Cause I walk like I've got oil wells Pumping in my living room. Just like moons and like suns, With the certainty of tides, Just like hopes springing high, Still I'll rise. Did you want to see me broken? Bowed head and lowered eyes? Shoulders falling down like teardrops, Weakened by my soulful cries? Does my haughtiness offend you? Don't you take it awful hard ’Cause I laugh like I've got gold mines Diggin’ in my own backyard. You may shoot me with your words, You may cut me with your eyes, You may kill me with your hatefulness, But still, like air, I’ll rise. Does my sexiness upset you? Does it come as a surprise That I dance like I've got diamonds At the meeting of my thighs? Out of the huts of history’s shame I rise Up from a past that’s rooted in pain I rise I'm a black ocean, leaping and wide, Welling and swelling I bear in the tide. Leaving behind nights of terror and fear I rise Into a daybreak that’s wondrously clear I rise Bringing the gifts that my ancestors gave, I am the dream and the hope of the slave. I rise I rise I rise.
If you sit down at set of sun And count the acts that you have done, And, counting, find One self-denying deed, one word That eased the heart of him who heard, One glance most kind That fell like sunshine where it went -- Then you may count that day well spent. But if, through all the livelong day, You've cheered no heart, by yea or nay -- If, through it all You've nothing done that you can trace That brought the sunshine to one face-- No act most small That helped some soul and nothing cost -- Then count that day as worse than lost. George Eliot
The Spring by Thomas Carew Now that the winter's gone, the earth hath lost Her snow-white robes, and now no more the frost Candies the grass, or casts an icy cream Upon the silver lake or crystal stream; But the warm sun thaws the benumbed earth, And makes it tender; gives a sacred birth To the dead swallow; wakes in hollow tree The drowsy cuckoo, and the humble-bee. Now do a choir of chirping minstrels bring In triumph to the world the youthful Spring. The valleys, hills, and woods in rich array Welcome the coming of the long'd-for May. Now all things smile, only my love doth lour; Nor hath the scalding noonday sun the power To melt that marble ice, which still doth hold Her heart congeal'd, and makes her pity cold. The ox, which lately did for shelter fly Into the stall, doth now securely lie In open fields; and love no more is made By the fireside, but in the cooler shade Amyntas now doth with his Chloris sleep Under a sycamore, and all things keep Time with the season; only she doth carry June in her eyes, in her heart January. Picture credit: @lens/meme1
Stopping by Woods on a Snowy Evening by Robert Frost Whose woods these are I think I know. His house is in the village though; He will not see me stopping here To watch his woods fill up with snow. My little horse must think it queer To stop without a farmhouse near Between the woods and frozen lake The darkest evening of the year. He gives his harness bells a shake To ask if there is some mistake. The only other sound’s the sweep Of easy wind and downy flake. The woods are lovely, dark and deep, But I have promises to keep, And miles to go before I sleep, And miles to go before I sleep.
LESSON FROM THE TRAIN A train - One direction, many stops. Onf the concepts of human evolution that interests me is the train. How it has clarity of direction, only because a path has been set for it. I often consider that that's how we are in the hands of the creator. A train, saddled with a purpose, to beeline to a predetermined destination, in order to fulfill a purpose and contribute our quota to the development of this vast universe. Like humans, a train stops every now and then to pick people up - people that are crucial to the fulfillment of our purpose. We were not created to go it alone. Our purpose is intertwined and aligned with theirs, from who we inevitably glean a few lessons off them. On the other hand, a train as well drops off others on the way, people that, either by design or by nature have fulfilled their purpose in our journey... To be continued.
I hope you have a semblance of light and joy in this crazy world. I hope that little modicum of joy overshadows and absorbs all the gloom and doom in and around you. I wish you ❤️&💡
Flexing my Phaver up NFT. I was one of the few privileged individuals to get to mint such esteemed mystery box. #HopeRenewed #PhaverUp #SuperPhaver https://magiceden.io/item-details/polygon/0x86d1ff5a19854865c2a9b3fc22ae49f9b370c3c0/1165 https://magiceden.io/item-details/polygon/0x86d1ff5a19854865c2a9b3fc22ae49f9b370c3c0/1165
Google sues crypto scammers for allegedly uploading fake apps to Android app store KEY POINTS: * Google filed a lawsuit on Thursday against a group of crypto scammers, alleging they defrauded more than 100,000 people globally. * Google says it’s the first among its peers to take action against crypto scammers. * The company aims to use the litigation as a way to set legal precedents to protect its users. Google filed a lawsuit on Thursday against a group of crypto scammers, alleging they defrauded more than 100,000 people across the globe by uploading fraudulent investment and crypto exchange apps to Google Play. Google says it’s the first tech company to take action against crypto scammers, and is doing so as a way to set a legal precedent to establish protections for users. The lawsuit claims the defendants made “multiple misrepresentations to Google in order to upload their fraudulent apps to Google Play, including but not limited to misrepresentations about their identity, location, and the type and nature of the application being uploaded.” The Alphabet -owned company is bringing civil claims under the Racketeer Influenced and Corrupt Organizations (RICO) law as well as breach of contract claims against the group of scammers, who the company said created and published at least 87 fraudulent apps to dupe users. “This is a unique opportunity for us to use our resources to actually combat bad actors who were running an extensive crypto scheme to defraud some of our users,” Halimah DeLaine Prado, general counsel at Google, told CNBC Crypto World in an exclusive on-camera interview. “In 2023 alone we saw over a billion dollars within the U.S. of cryptocurrency fraud and scams and this [lawsuit] allows us to not only use our resources to protect users, but to also serve as sort of a precedent to future bad actors that we don’t tolerate this behavior,” she added. The lawsuit, filed in the Southern District of New York, said the alleged scammers, identified as Yunfeng Sun, also known as Alphonse Sun, and Hongnam Cheung, also known as Zhang Hongnim or Stanford Fischer, conducted their scheme since at least 2019. The two allegedly lured victims to download their apps from Google Play and other sources through three methods: text message campaigns using Google Voice to victims primarily in the U.S. and Canada, online promotional videos on YouTube and other platforms, and affiliate marketing campaigns that paid user commissions for signing up people. Sun, Cheung and their agents designed the apps to appear legitimate, showing users that they were maintaining balances on the app and earning returns on their investments, the lawsuit said. However, users couldn’t withdraw their investments or purported gains.
Why Crypto Tokens Aptos, Stacks, and Chainlink Are Surging Today Investors in digital assets are once again seeing some strong price action materialize today. In early afternoon trading, the entire cryptocurrency market has surged roughly 3% higher over the past day. However, Aptos (CRYPTO: APT), Stacks (CRYPTO: STX), and Chainlink (CRYPTO: LINK) are leading the way higher, surging 5.5%, 4%, and 3.9% higher, respectively, over the past 24 hours, as of 1 p.m. ET. These moves are worth noting, as each of these projects has its own catalyst driving its outsize move. With a greater bifurcation being seen in the crypto market among tokens of various sizes, I think these moves are worth diving into. Let's take a look at why these three altcoins are seeing such impressive moves today. The big-time rally in these three tokens continues Aptos is certainly a unique project to consider, given its innovative blockchain technology and recent network integrations. The Aptos team recently pushed through an update that allows for a password-less transaction signing system, with the goal of enhancing security and streamlining the user experience. However, most investor interest in this token appears to be driven by an upcoming airdrop of APT tokens, which will allow existing Aptos holders to receive free tokens by simply signing up for the airdrop. This airdrop is expected to improve the project's token distribution and increase awareness and engagement among investors. Stacks has been dubbed a "Bitcoin sidekick" by some, due to its status as a leading Layer-2 blockchain network built on top of Bitcoin. This network has also seen a tremendous amount of interest recently due to an upcoming Nakamoto upgrade, which is set to improve block times on the network and fortify security further. This upgrade will also introduce a new digital asset called sBTC, which will be fully redeemable for Bitcoin, but allow users to participate on the Stacks network and take advantage of its various decentralized finance applications using their Bitcoin. This upgrade is slated to be completed sometime near the end of May.
April 10 Crucial Date for Crypto and Bitcoin Markets: Here's Why Halving is not the only thing you should be waiting for April 10 is a significant date as the United States is set to announce the Consumer Price Index (CPI) for March. This index measures inflation, and it is a big deal because it can influence the Federal Reserve's decisions on interest rates. The next day, the U.S. will release the minutes from the Federal Open Market Committee (FOMC) meeting in March, with a high chance of interest rates staying the same in May. Obviously, such a major decision for the U.S. economy almost always directly or indirectly affects the performance of digital assets, and Bitcoin in particular. When interest rates are unchanged, it usually hints at the fact that the economy is stable enough not to need higher rates to slow down inflation. For Bitcoin and digital assets, steady interest rates might be considered "good." They make borrowing money less expensive, which can lead to more investment in riskier assets like cryptocurrencies
Here’s what happened in crypto today A new viral wave of memecoins could upend the likes of Dogecoin and Shiba Inu in the current crypto market cycle, according to a leading venture capitalist. According to CryptoQuant, Bitcoin price must stay above $ 80,000 after the halving if miners are to remain profitable. Meanwhile, Coinbase’s layer-2 network Base has crossed $ 4 billion in total value locked as its 30-day transactions outpaced Ethereum and Arbitrum. Memecoins could dominate current crypto cycle, according to crypto VC Crypto venture capital founder Andrew Kang believes memecoins have carved out a strong niche in the digital asset space, and could be a major driver of profitability in the current market cycle. In an April 7 post on X, Kang, who founded Mechanism Capital, likened memecoins to “culture coins,” and said the new class of tokens could exceed Dogecoin and Shiba Inu in popularity. “Communities with strong values and identities naturally try to convert others to their beliefs and publicly display what it is they love about their lifestyle. They are inherently viral,” he said. Solana has emerged as the leading network for launching memecoins, with the likes of Jeo Boden (BODEN) and Doland Tremp (TREMP) being the latest examples of coins to gain significant popularity. Since launching on March 9, BOEN has returned more than 700,000%. Bitcoin needs to hold above $ 80,000 to keep mining profitable after halving According to data from CryptoQuant CEO Ki Young Ju, the current cost of mining using Antminer S19 XPs will rise from $ 40,000 to $ 80,000 after the Bitcoin halving in mid-April. Apart from indirectly impacting the price of Bitcoin (BTC), the halving event significantly impacts miner behavior, as mining costs double to earn the same amount of BTC. The average Bitcoin mining cost as of April 6 is $ 49,902, and the BTC price is above $ 70,000 at the time of writing. After the halving on April 20, average mining costs will rise above $ 80,000, and for miners to continue operating profitably, the BTC price must trade higher than that price.
Ethereum Is Outperforming Bitcoin Today While many industry insiders are raving about Bitcoin’s (BTC) comeback right now, they are missing out on the incredible performance from Ethereum (ETH) that investors should be paying attention to. Bitcoin might be headed back toward a new record as it surpasses $ 72,000 again, but Ethereum has gained more than its rival over the last 24 hours. Ethereum has managed to move 9.22% higher than it was before, and that is just in the last day. While many cryptocurrencies went flat over the last week, Ethereum has been gaining. Over the last seven days, Ethereum gained 6.86%. That is primarily due to its great performance today, though. Will Ethereum Continue Its Streak? Ethereum’s trade volume is very high, up by 92% over the previous day. That will make it easy for ETH to keep up its momentum, at least for a little while. We anticipate Bitcoin staying high for the next day or so as investors push it to set a new record. The increased interest in Bitcoin should carryover to Ethereum and help it along. As investors watch Bitcoin’s numbers closely, they will want to take a look at how ETH is doing, and if the coin can continue to outperform its counterpart, then it may just grow exponentially before the bearish trend is over. We are just starting an upward trend with these coins, so we expect that to continue for the next couple of days. Ethereum is on dangerous ground, though. It has lost ground overall for the last 30 days, and it needs this bearish trend to be lengthy if it is to take back lost ground. ETH could pass $ 4,000 in the next few months, and it may be spurred on by the Bitcoin halving in less than two weeks. That may give Ethereum the boost to set a new resistance level and hit some of those sky-high price predictions we see listed for the coin each year.
Fingers crossed 🤞
Astounding! 😍😍
Awesome!
The Institutional Era of Crypto Brings Fresh Innovation After the scandals and regulatory headaches of the last market cycle, crypto is growing and embracing the needs of institutions entering the digital assets space. In the wake of Binance’s $ 4.3 billion settlement with U.S. regulators last November, a shift is underway in the institutional adoption of digital assets. We are now in a fresh market cycle and we’re seeing innovative custody solutions and many market opportunities. The collaboration between Binance and Sygnum to introduce a tri-party agreement for off-exchange custody exemplifies this shift. This arrangement, by decoupling custody and trading, helps mitigate exchange risk and opens accessibility and security for institutional investors venturing into the domain of digital assets. (Under the agreement, larger traders on Binance can now custody their assets at third-party institutions like banks.) The essence of this transformation lies in innovation — both in the technological infrastructure supporting digital assets and in the financial strategies that institutions can now employ. Crypto quant funds, once the domain of a few, are becoming increasingly mainstream, accessible, and attractive to institutions. This is because diversifying portfolios and engaging with proven financial technology in a new market environment through crypto quantitative hedge funds works. These innovations offer institutional allocators the ability to gain diversified digital asset exposure with one investment. Amphibian Capital offers USD, BTC, and ETH denominated funds giving investors the opportunity to maintain long exposure to crypto with disciplined and resilient risk management measures in place. The rise in exchange volumes across digital assets signifies growing interest and growing confidence in the infrastructure and regulatory frameworks surrounding digital assets. Institutions, once wary of the nascent and unregulated nature of digital assets, are now stepping into this space, encouraged by clearer regulatory guidance and more sophisticated financial instruments. Paul Brody Discusses Fidelity Digital Assets Utilizing EY’s Blockchain Analytics Tool The essence of this transformation lies in innovation — both in the technological infrastructure supporting digital assets and in the financial strategies that institutions can now employ. Crypto quant funds, once the domain of a few, are becoming increasingly mainstream, accessible, and attractive to institutions. This is because diversifying portfolios and engaging with proven financial technology in a new market environment through crypto quantitative hedge funds works. These innovations offer institutional allocators the ability to gain diversified digital asset exposure with one investment. You're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday. Amphibian Capital offers USD, BTC, and ETH denominated funds giving investors the opportunity to maintain long exposure to crypto with disciplined and resilient risk management measures in place. The rise in exchange volumes across digital assets signifies growing interest and growing confidence in the infrastructure and regulatory frameworks surrounding digital assets. Institutions, once wary of the nascent and unregulated nature of digital assets, are now stepping into this space, encouraged by clearer regulatory guidance and more sophisticated financial instruments. Just as institutional quant hedge funds carved out strategies that generated hundreds of billions in traditional equity markets, we are seeing a paradigm shift in crypto. The complexity and volatility inherent in digital assets markets, far from deterring institutional investors, present unique opportunities for quant strategies that thrive on such conditions. These strategies, powered by advanced algorithms, comprehensive data analytics and machine learning, are beginning to unlock the potential for methodical returns in crypto, much as they did in traditional equity markets. The evolution of custody and trading practices reflects a broader industry trend towards integrating technological innovations to address the financial sector's complex challenges. The collaboration between legacy financial institutions and digital assets platforms in such initiatives highlights the gradual merging of digital assets with the global financial framework. The introduction of a tri-party custodial solution by Binance and Sygnum signifies a pivotal development in the institutional embrace of digital assets. It tackles fundamental concerns around security and risk management, making digital assets a more enticing option for institutional investors.
Bitcoin's Halving May Be Here Sooner Than You Know (Again) Several months ago, the halving was expected to take place on April 28; now it's on track to land on April 15. Blame the surge in bitcoin's price, which has attracted more mining power and sped up the network. A recent surge in the computing power on the Bitcoin blockchain has sped up the creation of new blocks as mining companies seek to cash in on the bullish trends in the market. Miners are bringing new, more powerful rigs online and even plugging in older machines again, pushing up the network computational power known as the "hashrate." History appears to be repeating itself: A similar dynamic played out four years ago in the months before the last halving, which came earlier than expected. The crypto world is eagerly awaiting next month's bitcoin "halving" – the once-every-four-years event when the reward for adding new data blocks to the network is reduced by 50%. It's a natural, pre-programmed part of the blockchain's underlying code. Astute observers may have noticed, however, that the expected time and date keeps creeping closer. The halving is currently looking likely to fall around April 15, according to Nicehash's countdown. Just a few months ago, it was supposed to come on April 28. A similar phenomenon was observed in the run-up to the last halving four years ago, and history appears to be repeating itself. A recent surge in hashrate has sped up the creation of new blocks as mining companies seek to cash in, and they've pushed even harder by bringing newer, more powerful equipment online.
Bitcoin Halving May Have a Positive Impact on Prices, But Other Factors Still at Play: Coinbase The cryptocurrency does not operate in a vacuum, and its price is also affected by non-crypto influences, such as macro factors, the report said. The next halving event is expected in mid-April. Bitcoin rallied into and after previous block reward halvings. Coinbase said non-crypto influences such as macro factors are also important. Historical precedent suggests that bitcoin’s (BTC) recent strong performance will continue into and after the upcoming halving, as the event reduces the supply of new BTC, but investors should be wary of this view, Coinbase (COIN) said in a research report on Wednesday. The world’s largest cryptocurrency rose an average of 61% in the six months before prior halvings and gained an average of 348% in the six months after, Coinbase noted. “While it’s possible that the halving could have a positive impact on bitcoin’s performance, there’s still only limited historical evidence about this relationship, making it somewhat speculative,” the report said. The quadrennial reward halving is when mining rewards are cut in half. The next event is likely to occur on April 15. “Bitcoin doesn’t operate in a vacuum,” and its price is affected by other influences, such as macro factors, Coinbase said. The report noted that much of bitcoin’s outperformance after the previous halving in May 2020 came in an “environment with extraordinarily loose monetary policy and historically strong fiscal stimulus in response to the Covid-19 pandemic.” Similarly, the recent rally in the world’s largest cryptocurrency was fuelled more by fever about the prospects of spot bitcoin exchange-traded funds (ETFs) than by excitement over the halving, the note said. Another data point worth considering when looking at the upcoming halving is the total supply of bitcoin held by long-term holders, Coinbase said, adding that “long-term holders should be less likely than short-term holders to view halving as an opportunity to sell into strength.” The amount of bitcoin currently held by long-term holders is quite high by historical standards. On the positive side, the U.S. Federal Reserve is expected to begin cutting rates in May and to start tapering its quantitative tightening program, which is positive for risk assets, the report added.
Meme coin March isn’t dead Meme coins like TREMP and BODEN have been minted on Solana, and the price of SOL has shot up 60% over the last month, according to CoinDesk Indices data. There’s another side to this as well. Memecoins are such a hit that they have started to strain the Solana network, with users complaining about congestion causing transactions to fail. 3fn, B’s partner in the TREMP project, explains that these meme tokens use Solana because of its low transaction fees, fast speeds, and community. Ethereum won’t work because of its high fees – something that was the genesis for Solana and its competitors in the first place. “I think Solana is going to onboard a bunch of people just because it’s accessible,” he said, pointing out that the gas fees on Ethereum are too high at $ 100 a swap. Don’t overthink it Some in the legacy financial media space approach this burgeoning PoliFi sector with scorn. B and 3fn say that these critics are missing the point. Yes, it seems silly and absurd, but PoliFi coins now have a market cap of almost $ 220 million, according to CoinGecko data. And this is crypto, so it’s perfectly reasonable to create a category trading on the names of politicians and have it worth hundreds of millions of dollars. Don’t overthink it Some in the legacy financial media space approach this burgeoning PoliFi sector with scorn. B and 3fn say that these critics are missing the point. Yes, it seems silly and absurd, but PoliFi coins now have a market cap of almost $ 220 million, according to CoinGecko data. And this is crypto, so it’s perfectly reasonable to create a category trading on the names of politicians and have it worth hundreds of millions of dollars. Even Solana co-founder Anatoly Yakovenko doesn’t quite understand it, telling CoinDesk during an interview for The Protocol podcast that it’s a product of people being “terminally online and having nothing better to do.”
Meet the Woman Behind Solana Hit Meme Coin ‘Doland Tremp’ The newly-formed PoliFi category is all about memes and laughs, while making a few bucks along the way, say the team behind the TREMP token. Political finance (PoliFi) meme coins from TRUMP to TREMP are deep in the red, but the woman running the show at the latter, who goes by the handle B, is still having fun. Over the last few weeks, a plethora of politician-themed meme coins have been minted on Solana and all have some resemblance to the Spoderman meme – a poorly drawn version of Spiderman on MS Paint that pays homage to Dolan, a bastardized version of Donald Duck with an attitude problem – complete with misspelled names. The PoliFi cohort is a riff on the original meme but with politicians. Doland Tremp, Jeo Boden, Elizabeth Whoren—the gang’s all here. TREMP was minted on Feb.28 at an initial price of a few fractions of a penny, DEXTool data shows. It has since run to highs of 63 cents and sits at 22 cents on Wednesday, giving the tokens a market capitalization of $ 22 million. Nearly 20,000 individuals hold the tokens. Its original creator abandoned the project shortly after release, selling their holdings when the project was in its infancy. Community members, such as B and others, took over the reins shortly after - leading to what’s popularly called a “community takeover” in crypto circles.
We reached 5000+ followers 🥳🥳🥳 Collecting is free for every follower to say "thank you" 🤗
Introducing $LENNY Coin On Polygon Network Upcoming Lenny Airdrop For Lens Profile Holders No Affiliation With Anyone , A Community Driven Memecoin On Lens Protocol For Creators , Collectors And Active Users Contributing On Lens Protocol Stay Tuned For More Updates And Reward Details Comment "LENNY" Below For 🎁🍀
Bitcoin briefly rises above $ 70,000 to another new all-time high: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Bobby Zagotta, U.S. CEO and Chief Commercial Officer at Bitstamp, provides his outlook for crypto investors as bitcoin reaches fresh records.
Ethereum's Buterin Floats Prospect of Taking Some Layer-2 Functions Back on Main Chain Vitalik Buterin, a member of the Ethereum Foundation's executive board, once pushed "layer-2" networks as a way to provide faster and cheaper transactions. Now he's got ideas for "enshrining" some of those functions on the main chain. Ethereum co-founder Vitalik Buterin, who argued three years ago for pushing more of the blockchain's computational load onto affiliated networks known as "layer-2 networks" or "rollups," has just outlined a plan to take some of the functions back onto the main chain. His idea for an "enshrined zkEVM" could prove disruptive, since prominent layer-2 projects, including "ZK-rollups" from Polygon, Matter Labs and Scroll, have invested heavily in fulfilling the earlier roadmap. The new networks are already up and running, and the project leaders have been working to recruit developers and already attracted billions of dollars in user deposits. Investors 'Over-indexed' on Short-Term Impacts of Spot Bitcoin ETFs: Coinbase Institutional The acronym "zkEVM" is a mash-up of "zk," which stands for "zero knowledge," a type of cryptography that is seen as the leading technology for powering future generations of blockchains; and "EVM," which stands for Ethereum Virtual Machine, the programming environment that most Ethereum applications run on. The new rollup networks from Polygon, Matter Labs and Scroll each have some version of a zkEVM baked into their systems. The networks work by bundling up transactions from users – to lessen the load on Ethereum and speed things up for end-users. They pass the bundled transactions back down to the "layer 1" Ethereum network with a cryptographic guarantee, called a zero-knowledge proof, that they have been recorded correctly. Investors 'Over-indexed' on Short-Term Impacts of Spot Bitcoin ETFs: Coinbase Institutional The acronym "zkEVM" is a mash-up of "zk," which stands for "zero knowledge," a type of cryptography that is seen as the leading technology for powering future generations of blockchains; and "EVM," which stands for Ethereum Virtual Machine, the programming environment that most Ethereum applications run on. The new rollup networks from Polygon, Matter Labs and Scroll each have some version of a zkEVM baked into their systems. The networks work by bundling up transactions from users – to lessen the load on Ethereum and speed things up for end-users. They pass the bundled transactions back down to the "layer 1" Ethereum network with a cryptographic guarantee, called a zero-knowledge proof, that they have been recorded correctly. In his latest blog post, posted on the Ethereum Foundation's website, Buterin wrote that so-called "light clients" – a skimpier and less data-intensive way to read and verify data on a blockchain, as opposed to hardware-heavy full nodes – will get "more and more powerful" over the next few years. Ethereum's light clients will "pretty soon get to the point" where they can use zero-knowledge cryptography to fully verify transactions executed on the layer-1 chain. "At that point, the Ethereum network will effectively have a built-in zkEVM," Buterin wrote. "So the question arises: Why not make that zkEVM natively available for rollups too?"
New Technology Will Have Institutions Lining Up for Crypto The zero-knowledge Ethereum Virtual Machine enables real world asset tokenization on a far greater scale, says Colin Butler at Polygon Labs. 2024 will be the year that transforms traditional asset management. Institutional investment in blockchain technology has been anticipated for years, but that is about to become a reality. Key capabilities, particularly the development of the zero-knowledge Ethereum Virtual Machine, or zkEVM, are capable of enabling tokenization of real-world assets and setting the stage for a fundamental transformation of the global financial system. Institutions need mainnet-level security, infinite scalability, and massive liquidity potential. With the advancements in developer tools and mathematically proven security measures, the necessary components are finally assembled to fulfill this promise. This will, in turn, lead to mainstream blockchain adoption. Crypto Prices CoinDesk 20 Index Opinion New Technology Will Have Institutions Lining Up for Crypto The zero-knowledge Ethereum Virtual Machine enables real world asset tokenization on a far greater scale, says Colin Butler at Polygon Labs. (Ryoji Iwata/Unsplash) (Ryoji Iwata/Unsplash) By Colin Butler AccessTimeIconFeb 21, 2024 at 5:35 p.m. GMTUpdated Feb 21, 2024 at 5:38 p.m. GMT 2024 will be the year that transforms traditional asset management. Institutional investment in blockchain technology has been anticipated for years, but that is about to become a reality. Key capabilities, particularly the development of the zero-knowledge Ethereum Virtual Machine, or zkEVM, are capable of enabling tokenization of real-world assets and setting the stage for a fundamental transformation of the global financial system. AI-Linked Tokens Surpass $ 2B in Weekly Trade Volume For First Time Since March Institutions need mainnet-level security, infinite scalability, and massive liquidity potential. With the advancements in developer tools and mathematically proven security measures, the necessary components are finally assembled to fulfill this promise. This will, in turn, lead to mainstream blockchain adoption. Transparency Through Chain Abstraction The zkEVM, which is capable of performing smart contract transactions within a zero-proof environment, has firmly established itself in blockchain infrastructure. Now institutional investors can tap into a proven ecosystem of Ethereum-based blockchains, with its robust security guarantees, decentralization, and transactional transparency, at a far lower cost, rapid settlement times, and with potentially unlimited scaling capacity. The picture of success for Web3 is to create a "chain of chains," in essence, a seamless user experience across the entire ecosystem. Part of the liquidity advantage comes through being able to integrate different applications spanning from gaming, DeFi, and permissioned institutional platforms. Each of these requires custom-tailored blockchain architectures with varying levels of permission, privacy, cost, security, and incentive designs.
Why Polygon's MATIC Token Has Lagged During Past Year's Crypto Rally MATIC was overvalued at the start of the ongoing crypto bull run, one observer said. MATIC, which produced market-beating returns during the 2021 bull market, has been less loved in the past 12 months, significantly underperforming BTC, ETH and layer-2 coins ARB, OPT and SKL. Polygon zkEVM and other zero-knowledge rollups post fraud proofs far more frequently and, therefore, would not see the benefits of lower transaction data costs following Ethereum’s Dencun upgrade, Arca’s Katie Talati said. MATIC was overvalued at the start of the ongoing crypto bull run, and SwissOne Capital said other tokens are playing catchup. The native token of the Polygon ecosystem (MATIC), a market darling during the 2021 bull run, has been less of a hit with crypto traders over the past year, missing out on a big rally in cryptocurrencies. The cryptocurrency declined about 32% in 12 months, significantly underperforming rival layer-2 coins like OP and SKL, which have risen 216%, 46% and 50%, respectively, according to CoinDesk Indices. Arbitrum’s ARB, which has existed for less than a year, has seen more significant gains than MATIC in six months. MATIC’s dismal performance is in contrast to 2021, when the token was on a tear, producing market-beating triple-digit price gains even during the corrective phases of the bull run. Indeed, the excitement back then might have been due to the project's then-front-runner status as the leading sidechain – a type of auxiliary network – for Ethereum. But the technological race has since shifted, with investors and developers alike now favoring a different type of scaling networks known as "rollups."
Sam Bankman-Fried Replaces Lawyers Ahead of Sentencing Bankman-Fried replaced his former lawyers, Mark Cohen and Christian Everdale, as he’s headed into sentencing negotiations. Sam Bankman-Fried entered court in his first appearance since his conviction last fall on fraud and conspiracy charges, to confirm he was okay with his new attorneys. Mark Mukasey, his new lead counsel, also represents former Celsius CEO Alex Mashinsky. The convicted former crypto CEO said Mark Cohen and Christian Everdell, his trial attorneys, would be stepping down from his case. Sam Bankman-Fried, in his first appearance in court after being found guilty of defrauding billions of dollars from FTX customers, said his trial attorneys would no longer represent him as he heads towards sentencing. Instead, his newly hired lawyer, Marc Mukasey, will represent him over the next month. Bankman-Fried, who was found guilty on seven different counts of fraud and conspiracy last November, will be sentenced in late March. Mukasey also represents bankrupt crypto lender Celsius founder Alex Mashinsky, who is accused by the Department of Justice of securities fraud, commodities fraud and conspiracy to manipulate the price of the company’s token CEL, among others. Mashinsky is set to go on trial this fall.
Risk Manager Gauntlet Terminates Relationship with Aave, Citing DAO Dysfunction Gauntlet co-founder John Morrow said his team "found it difficult to navigate the inconsistent guidelines and unwritten objectives" of Aave's "largest stakeholders." Blockchain risk management firm Gauntlet has broken off its four-year-long relationship with the decentralized lending platform Aave, citing difficulty working with the decentralized autonomous organization (DAO) that governs the protocol. In a post in the Aave forums, Gauntlet co-founder John Morrow said his firm was terminating its relationship with the lender because his team "found it difficult to navigate the inconsistent guidelines and unwritten objectives" of Aave's "largest stakeholders."
I admire the way Phaver Frens is particular about originality. It gives every participant a sense of purpose and uniqueness. It also engenders individual creativity and innovation within a larger community. Moreover, Phaver community opens everyone to a vast world of boundless opportunities. With tools that can help people to build a great social ecosystem, the possibilities are endless.
Online Crypto Course Founder Scammed Students With Fake Hedge Fund, SEC Alleges (Bloomberg) -- The founder of an online crypto trading course called the American Bitcoin Academy scammed students out of more than $ 1 million by persuading them to invest in a fake hedge fund, the Securities and Exchange Commission claimed Friday. Most Read from Bloomberg Meta’s $ 197 Billion Surge Is Biggest in Stock-Market History US Hits Iran’s Militias in Syria, Iraq, Raising Escalation Fears The Most Popular Man in Ukraine Has Become a Problem for Zelenskiy Donald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin Dossier China’s Lunar New Year Pork Gloom Exposes Deep Economic Trouble From December 2017 through April 2018, Brian Sewell allegedly solicited investments for the Rockwell Fund, which would invest in digital assets using unique strategies and tools such as artificial intelligence. Instead of launching the fund, Sewell converted the investments into Bitcoin, which he lost when the wallet he was using was hacked, the SEC said in a news release announcing the settled case. He also deceived investors about the fund’s existence by sending them fake monthly account statements. Sewell’s alleged fraud scheme ultimately cost 15 students about $ 1.2 million, according to the regulator. “Whether it’s AI, crypto, DeFi or some other buzzword, the SEC will continue to hold accountable those who claim to use attention-grabbing technologies to attract and defraud investors,” Gurbir Grewal, the director of the SEC’s enforcement division, said in the news release. Sewell and his company, Rockwell Capital Management, agreed to settle with the regulator, without admitting or denying the allegations. As part of the deal, Rockwell Capital agreed to pay $ 1.6 million and Sewell, more than $ 200,000. Sewell, which is listed as the media contact for the firm, didn’t immediately respond to a request for comment. He lived in Utah before relocating to Puerto Rico, according to the SEC complaint.
FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange An initial surge in the FTT token after the news turned negative, leaving FTT plummeting 15% today. FTX, the bankrupt cryptocurrency exchange that was run by Sam Bankman-Fried, said it expects to fully repay its customers, according to a court hearing. However, the full recovery of customer assets is – unfortunately for those waiting for their money – based on the point of FTX’s actual bankruptcy, when the markets were already in turmoil. That date was preliminarily approved by U.S. Bankruptcy Judge John Dorsey, and it's a point of contention for some claimants. Bitcoin’s price has rebounded to more than $ 43,000 as of publication time, up 110% from its price of roughly $ 20,500 at around the time of FTX’s collapse in early November. “Many of those claims are premised upon currencies which declined dramatically in value in that tumultuous period leading up to the petition date,” FTX Creditor Committee lawyer Kris Hansen said Wednesday during the hearing. The repayment process under consideration in the U.S. bankruptcy court would require claimants to submit proof they held, and subsequently lost, assets on FTX, which will be vetted by restructuring advisers, said FTX lawyer Andrew Dietderich. The defunct exchange has shifted its focus to making its former clients whole as it abandons its plans to relaunch its platform due to a lack of buyers, according to the court proceedings.
India CBDC Insider Reveals Current Stance of Country's Central Bank India’s central bank is weighing CBDC privacy technology and crypto tax is not part of its domain, a senior official told CoinDesk. The Reserve Bank of India is exploring technology as a means to address privacy risks in the use of a potential digital rupee, a senior official said. Crypto taxation is not part of the central bank's domain, according to the official. The RBI may be open to startups getting involved in its CBDC pilot programs in the future. India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it's making some progress. The Reserve Bank of India (RBI) is now looking into technology solutions to solve privacy concerns posed by a digital rupee, the official said. While the bank is maintaining a careful stance on crypto, the person said, it wasn't part of its mandate to have a point of view on reducing a controversial tax that has stifled the crypto industry. The RBI isn’t mandated with legislating taxes, so that decision falls out of its purview. However, the central bank has stepped beyond its role before to try to ban crypto, so its apparent willingness to stand back on this topic may be noteworthy. The RBI has been pushing the adoption of wholesale and retail CBDC since late 2022 when it launched its pilot programs. India's central bank has publicly said it isn’t in a hurry to implement a full-scale, retail CBDC and has not shared any timeline. But recent events suggest a quiet urgency.
Crypto Prices Today: Bitcoin, Ethereum, Pepe Coin Continue Rebound As Flair Surges The crypto prices today suggest that the major digital currencies have been maintaining a gaining momentum. Bitcoin (BTC) sustained over the $ 43,000 mark while top altcoins were in the ‘green’ as well. In addition, Ethereum (ETH) also sustained the $ 2,300 level today. Furthermore, the XRP price maintained the $ 0.50 level during the session. Major Crypto Prices Today The Bitcoin price regained the gaining momentum due to the rebound. The Bitcoin price increased by 0.38%, settling at $ 43,174.51 at the time of writing on Saturday, Feburary 3. On the other hand, it’s trading volume plunged by 10.39% to $ 17.72 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $ 846.96 billion In the altcoin space, the Ethereum price was up by 0.94% to $ 2,321.17 at press time with market valuation of $ 278.96 billion. However, ETH recorded a 12.55% slump in its trade volume, reaching $ 7.04 billion. Whilst, the Binance Coin (BNB) price gained 0.25% in value, reaching $ 302.96, while its 24-hour trade volume dropped by 2.70% to $ 700.17 million. Furthermore, the Solana price was up by 0.59%, reaching $ 99.66. However, SOL witnessed an 10.26% dip in trade volume to $ 2.32 billion in the last 24 hours. Moreover, the XRP price continued rebounding. The XRP price recorded a gain of 0.20%, reaching $ 0.5079. Whilst, XRP’s trading volume plummeted by 3.76% to $ 872.26 million. Meanwhile, the Cardano price registered a hike of 1.91% to $ 0.5168 today. In addition, it recorded a 21.58% increase in its 24-hour trading volume, settling at $ 417.90 million. In the meme coin arena, the Dogecoin price dropped by 0.52% to $ 0.07931 while its competitor, Shiba Inu, registered a 0.65% hike in value and traded at $ 0.000009117.
The U.S. Government Seems to Be Closing in on Bitcoin Mining A Department of Energy survey to collect data about crypto's energy consumption could be used to justify the stance that blockchain poses a “public harm.” The U.S. Department of Energy (DOE) is taking a closer look at bitcoin {BTC} mining. Is this cause for alarm? More specifically, the Energy Information Administration (EIA), a statistics agency under the DOE, will survey the electricity use of selected U.S.-based miners over the coming six months starting next week, after putting out an “emergency collection of data request.”
Construction is so amazing. The joy of seeing a bushy fallow land metamorphose into blocks of homes and parks is just matchless. I am proud of my profession 💯 💯
Elon Musk Announces His Portfolio! Are There Bitcoin and Dogecoin? Elon Musk, the owner of X, which is on the agenda with every post and statement he makes, is known for his support of the popular meme token Dogecoin. It is wondered whether Elon Musk, who caused great increases in the price of DOGE with his posts, holds DOGE or another cryptocurrency. According to Bitcoinist, Elon Musk announced that he holds DOGE, his favorite meme token, at the Twitter Space event he recently attended. Musk also announced that his company, SpaceX, also holds a large amount of Bitcoin. “I still have Dogecoin. Also, SpaceX has Bitcoin.” While Musk did not make a statement about the amount of DOGE and BTC in his possession, his holding of both Dogecoin and Bitcoin was interpreted as an indicator of Musk's consistent support for BTC and DOGE. While Musk still holds the Bitcoins of his SpaceX company, another company, Tesla, previously announced that it had liquidated 75% of its Bitcoin assets. *This is not investment advice.