• CCP Games raised $40 million from top venture capitalists to develop a new Web3 MMO game set within the universe of its hit title, EVE Online.
• Gamers have reacted with skepticism, claiming that the new title does not offer anything new and that the sole addition of web3 is immutability, which is not enough to pique gamers‘ interest.
• Despite this lukewarm reception, some fans are touting the studio’s move to Web3 as revolutionary.
CCP Games Raises $40 Million
CCP Games recently raised $40 million in a funding round led by venture capitalist Andreessen Horowitz (a16z). The game studio stated that it would use the capital to scale its research-and-development team to create a new Web3 MMO game set within the universe of its hit title, EVE Online.
Gamers React with Skepticism
Crypto Twitter and gamers have reacted with skepticism towards CCP Games‘ announcement. Many aren’t keen on a popular traditional gaming company integrating blockchain technology and have shared their concerns online, claiming that the new title does not offer anything new. Some bluntly expressed that being „Web3“ doesn’t make a game fun and that these benefits from the technology are already possible with Web2 technology.
Some Fans Tout CCP’s Move as Revolutionary
Despite this lukewarm reception from gamers, some fans are touting CCP’s move to Web3 as revolutionary. They recognize that features like Play-to-Earn, digital assets, and more will be enabled by blockchain technology and can benefit players in ways traditional platforms cannot offer. This view has been echoed by other developers in the industry as well who believe blockchain could bring more transparency and fairness into gaming experiences.
Benefits of Integrating Blockchain Technology
Integrating blockchain technology into video games offers many advantages for users such as increased player autonomy through asset ownership on distributed ledgers; decentralized governance mechanisms for greater transparency; interoperable assets across different titles; and stronger security measures against hacks or censorship due to immutability. These features can also open up opportunities for developers to monetize their creations through tokenized rewards or incentivizing user engagement with tokens or NFTs (non-fungible tokens).
Conclusion
In conclusion, while there is no denying institutional interest in developing AAA titles on blockchain platforms, gamers are still asking for tangible benefits beyond hype words such as “web3” or “blockchain” when assessing which projects they should invest their time in playing. Ultimately only time will tell if these investments will pay off both for investors and players alike!
The rise of cryptocurrency has taken the globe by storm. Bitcoin is the most widely used digital currency in circulation. There have been many Bitcoin trading platforms that have grown in popularity due to Bitcoin trading. Bitcoin Prime is one of these platforms. This article will provide a detailed review of Bitcoin Prime, and answer the question „Is it scam?“
What is Bitcoin Prime?
Bitcoin Prime allows users to trade and buy Bitcoin. It’s a web-based platform, designed to be easy to use and offers reliable and fast trading services. It uses advanced algorithms to analyze markets and give traders accurate signals.
How Bitcoin Prime Works
Bitcoin Prime analyzes the market and provides trading signals to its users using advanced algorithms. It claims it can identify profitable trading opportunities and monitors the market 24/7. Based on trading signals from the platform, users can either buy or trade Bitcoin.
Benefits of using Bitcoin Prime
Trading services that are reliable and fast
Advanced algorithms analyze the market to find profitable trading opportunities
Easy to use platform, user-friendly
New users can open a demo account to trade on the platform.
Bitcoin Prime Features
Trading tools and indicator: Bitcoin Prime provides a variety of trading tools that will help you make informed trading decisions. These tools include charts and graphs as well as technical indicators.
Security features: Bitcoin Prime employs advanced security measures to protect funds and user data. To protect user data, the platform uses SSL encryption. It also stores funds in offline wallets to prevent theft.
Demo account: Bitcoin Prime provides a demo account which allows users to trade without real money. This feature is great for beginners who are just starting to learn the basics of Bitcoin trading.
How to Use Bitcoin Prime
These are the steps to use Bitcoin Prime.
Register for an account: To register on Bitcoin Prime, users must create an account by entering their personal information.
Withdrawal and deposit: Bitcoin Prime users can deposit funds to their account via a variety of payment methods. Also, withdrawals are processed quickly and efficiently.
Trade process: After users have made a deposit to their account, they are able to trade Bitcoin. Based on the signals offered by the platform, users can either sell or buy Bitcoin.
Tips to make Bitcoin trading successful: Bitcoin trading can be difficult, so it is crucial for users to have a solid strategy. For successful trading, you can set realistic goals and use stop-loss orders. You can also diversify your portfolio.
Is Bitcoin Prime a Scam or Genuine?
There are numerous online scams targeting Bitcoin traders. After conducting extensive research on Bitcoin Prime, however, we are able to conclude that it isn’t a scam. The platform is legit and has a great reputation with its users. The platform also uses advanced security measures that protect funds and user data.
Bitcoin Prime Customer Support
Bitcoin Prime provides customer support via live chat and email. Bitcoin Prime claims to provide a quick response and can respond within 24 hours. The platform also has an extensive FAQ section, which answers common questions.
Bitcoin Prime Alternatives
There are many Bitcoin trading platforms, including Binance, Kraken, and Coinbase. Users should compare these platforms to find the best one for them.
Bitcoin Prime and Regulations
Bitcoin is a decentralized cryptocurrency and is not subject to regulation by any financial institution or government. Some countries have begun to regulate Bitcoin trading. It is important that users are aware of these regulations. Bitcoin Prime claims that it is compliant with all applicable regulations.
Bitcoin Prime and Security
Bitcoin Prime understands the importance of security when trading Bitcoins. To protect your data, the platform uses SSL encryption. It also stores funds in offline wallets to prevent theft. Users can also take measures to protect their security by using strong passwords or enabling two-factor authentication.
Conclusion
Bitcoin Prime is a legal trading platform that provides reliable and fast trading services. It uses sophisticated algorithms to analyze markets and give traders accurate signals. The platform is easy to use and provides a variety of indicators and trading tools. Bitcoin Prime is one of the best Bitcoin trading platforms. It offers advanced features and reliability.
FAQs
What is Bitcoin?
Bitcoin is a digital currency that can be used for buying and selling goods and services. It is not controlled or monitored by any government.
What makes Bitcoin different from other cryptocurrency?
Bitcoin is the first cryptocurrency ever created. It is also the most popular and widely recognized cryptocurrency. Other cryptocurrencies like Ethereum and Litecoin have their own benefits and features.
How do I buy Bitcoin?
You can purchase Bitcoin using a cryptocurrency exchange like Binance or Coinbase. You can also purchase Bitcoin from others using peer-to-peer markets such as LocalBitcoins.
How can I sell Bitcoin?
Bitcoin can be sold on an exchange or peer-to-peer platform. To sell Bitcoin for cash, users can use a Bitcoin ATM.
What is Bitcoin mining?
Bitcoin mining refers to verifying transactions on Bitcoin and adding them onto the blockchain. This requires special hardware and a lot of energy.
How do I keep my Bitcoin safe?
You can protect your Bitcoin by keeping it safe in a secure wallet such as a paper or hardware wallet. Strong passwords are a must and two-factor authentication should be enabled.
How do I use Bitcoin to make purchases?
Bitcoin can be used to purchase items on websites or in stores that accept Bitcoin. You can also send money to others using Bitcoin.
What’s the future for Bitcoin?
Although the future of Bitcoin remains uncertain, experts believe it will grow in popularity and value. Many believe that Bitcoin could one day replace traditional currencies.
How can I report Bitcoin to my taxes?
To report Bitcoin on taxes, users should speak to a tax professional. Bitcoin can be treated as property in taxation.
What are the potential risks associated with Bitcoin investments?
Bitcoin investments come with many risks. These include market volatility, hacking and fraud. These risks should be known and users should only invest what they can afford.
In recent years, cryptocurrencies have been a popular investment option. Bitcoin is the most widely-known digital currency. Unfortunately, the market has seen an increase in fraud and scams due to the popularity of cryptocurrency. We will be reviewing Crypto Wealth, a cryptocurrency trading platform and determining if it’s legitimate or fraudulent.
What is Crypto Wealth?
Crypto Wealth is a cryptocurrency trading platform. Users can trade Bitcoin, Ethereum and Litecoin on the platform. Crypto Wealth claims that it uses advanced algorithms and artificial Intelligence to analyze market trends to make precise trades for its users.
There are many features and services offered by the platform, including:
Automated trading
Market data and analysis in real-time
Simple to use interface
Mobile app to trade on-the-go
How does Crypto Wealth work?
Users must register on the website of Crypto Wealth to be able to use Crypto Wealth. It is easy to register for Crypto Wealth. Users must provide their name and email address as well as their phone number. After registering, users can deposit funds to their account with a credit card or bank transfer.
After depositing funds, users have the option to choose their preferred trading strategy or set their risk tolerance. The platform uses its algorithms to analyze and place trades for the user. Users can track their trades and withdraw any profits they make at any time.
Crypto Wealth: Legitimate or Scam?
Crypto Wealth has received mixed feedback from industry professionals and users. Some users have had success with the platform while others claim it is a fraud. The platform’s website is opaque and doesn’t provide any details about its trading strategies or algorithms.
Crypto Wealth seems to be less transparent and credible than other cryptocurrency trading platforms. Crypto Wealth’s lack of information and mixed reviews raise questions about its legitimacy.
The pros and cons of crypto wealth
Crypto Wealth: The Advantages
Automated trading
Market analysis in real-time
Simple to use interface
Mobile app to trade on-the-go
Crypto Wealth: The disadvantages
Insufficient transparency and credibility
Mixed user reviews
There are limited cryptocurrency options
Success stories with Crypto Wealth
Crypto Wealth claims that it has helped many people make money through its automated trading algorithms. It is important to remember that success in cryptocurrency trading depends on many factors including market conditions, individual trading strategies, and other factors.
Crypto Wealth Customer Support
Crypto Wealth provides customer support via email and telephone. According to reports, the platform’s customer support team is responsive and helpful. Some users reported difficulty getting their problems resolved and slow responses.
Crypto Wealth Security Measures
Crypto Wealth claims that it uses advanced security measures to protect users‘ funds as well as personal information. To protect user accounts, the platform uses SSL encryption and 2-factor authentication. The platform also stores most of its funds in cold storage, to protect against hacks and cyber attacks.
Conclusion
Crypto Wealth is a legit cryptocurrency trading platform. However, its lack of transparency, mixed user reviews, and lack of transparency raise questions about its credibility. Although the platform has many advantages such as automated trading, real-time market analysis and real-time market analysis it also comes with a few drawbacks. These include limited cryptocurrency options and possible security risks. Before investing in any cryptocurrency trading platform, it is crucial that users do their research thoroughly and consider all possible risks.
FAQs
What are the warning signs that a cryptocurrency scam is?
High investment returns at little or no risk
There is pressure to invest immediately
Insufficient transparency and credibility
Unsolicited investment opportunities
How do I know if a cryptocurrency trading site is legit?
Investigate the reputation and credibility of the platform
Transparency in information about trading strategies and algorithmics is important
Review and rate users
Verify that the platform meets all regulatory requirements and has implemented security measures.
What are the benefits of trading cryptocurrency on a trusted platform?
Real-time market data and analysis available
Automated trading algorithms
Simple to use interface
Trade environment that is reliable and secure
How can I make sure my crypto assets are secure?
A reputable cryptocurrency wallet is recommended
Enable two-factor authentication
Secure your private keys
Verify the security features of your trading platform
What are the best strategies for cryptocurrency trading success?
Stay informed about the latest news and trends in the market by researching it.
Stick to a solid trading strategy.
Diversify your portfolio
Avoid impulsive trades and be patient
Can I trust the customer support services offered by cryptocurrency trading platforms?
It all depends on the platform. Before you invest, make sure to research the reputation of the platform’s customer service and responsiveness.
What are the differences among different cryptocurrency trading platforms?
Trade fees
Available cryptocurrencies
Trading strategies and algorithms
Security measures
User interface and user experience
Are there any common mistakes when trading cryptocurrency?
You shouldn’t invest more than you can afford.
Failure to research the market or trading strategies
Emotions are a strong motivator for impulsive trades
Diversifying your portfolio is a failure
What are the effects of government regulations on cryptocurrency trading platforms
The legality and security for cryptocurrency trading platforms can be affected by government regulations. Before investing, it is important to confirm that the platform has met all regulatory requirements.
How can I increase my profit when trading cryptocurrency?
To make a profit in cryptocurrency trading, you need to have a good understanding of the market. Wealth Matrix claims that it uses advanced algorithms and trading signals in order to help traders make profitable trades. It’s crucial to know if Wealth Matrix is legitimate or fraudulent, as there are many scams in this industry. This review will cover the features, security, support and success stories of Wealth Matrix to help you make an educated decision.
What is Wealth Matrix?
Wealth Matrix allows users to trade cryptocurrency using advanced algorithms and trading signals. The platform uses artificial intelligence to help users analyze market trends and place profitable trades. Wealth Matrix offers several customizable settings that allow users adjust their trading preferences based on their risk tolerance and trading strategy.
How the Wealth Matrix Works
Wealth Matrix uses advanced algorithms and trading signals in order to analyze cryptocurrency markets and make profitable trades. The platform claims that it uses artificial intelligence to analyze market trends, and to make trades for the user. You can customize your trading preferences to meet your risk tolerance and trading strategy. You can access a variety of features on the platform, such as automated trading, trading signals, customizable settings and advanced trading tools.
The Wealth Matrix Benefits
Wealth Matrix allows you to trade profitably without needing to do any research. You can also adjust your trading preferences based on your risk tolerance and trading strategy with a variety of customizable settings. The platform also offers advanced trading tools to help users make better trading decisions.
Is Wealth Matrix a Scam or Legitimate?
Although Wealth Matrix has been accused of many scams, there is ample evidence that it is a legitimate platform. Customers have given the platform positive reviews and evidence that it has helped them make profitable trades. The platform also implements security measures to protect users‘ data and comply with data protection laws.
How to get started with Wealth Matrix
Register for an account to get started with Wealth Matrix. It is easy to register and takes just a few minutes. To trade, you’ll need to fund your account once you’ve registered. Wealth Matrix accepts many payment options, including bank transfers, credit cards, and ewallets. To trade on the platform, you’ll need to create your trading preferences.
Wealth Matrix Features
Wealth Matrix provides a variety of features including automated trading, trading signals, customizable settings and advanced trading tools. It uses sophisticated algorithms and trading signals to analyze cryptocurrency markets and place profitable trades for the user. You can customize your trading preferences to meet your risk tolerance and trading strategy.
The Pros and Cons Of Wealth Matrix
Wealth Matrix offers the advantage of making profitable trades without the need to conduct research. You can also adjust your trading preferences based on your risk tolerance and trading strategy with the customizable settings available through Wealth Matrix. The platform also offers advanced trading tools that will help users make better trading decisions. Wealth Matrix has its drawbacks, including the possibility of losing and the inability to control the trading process.
Wealth Matrix Security
Wealth Matrix has taken a variety of security measures to ensure that user data is protected and in compliance with data protection laws. To protect user data, the platform uses encryption technology and has established data protection policies to make sure that no user data is misused.
Support for Wealth Matrix customers
Wealth Matrix provides customer support via email and live chat. The satisfaction rate is high and the response time is usually quick.
Success stories from Wealth Matrix
Wealth Matrix received positive reviews from users who reported that they have made profits with the platform. You can also find testimonials and case studies from satisfied customers.
Wealth Matrix Alternatives
Users have a variety of options for trading platforms, such as Coinbase, Binance and Kraken. Each platform has its advantages and disadvantages. Before choosing a platform, users should evaluate their trading preferences and tolerance for risk.
Conclusion
Wealth Matrix, a legal trading platform, offers many features that can help users make profitable trades. Customers have given it positive reviews and evidence that it has made profits. Users should be aware that there are risks and you have no control over the trading process.
FAQs that are semantically similar
Is Wealth Matrix real?
Wealth Matrix has received positive customer reviews.
What is the maximum amount of money I can make using Wealth Matrix
Wealth Matrix’s ability to make money depends on many factors such as your trading strategy, risk tolerance and market conditions.
What are the trading costs associated with Wealth Matrix
Wealth Matrix does not charge trading fees. There may be fees for funding your account and withdrawing funds.
Is it safe for me to link my bank account with Wealth Matrix
Wealth Matrix has taken security measures to protect users‘ data and adhere to data protection laws.
Can I use Wealth Matrix on my mobile device?
Yes, Wealth Matrix can be accessed on desktop as well as mobile devices.
What is the time it takes to withdraw my Wealth Matrix funds?
Depending on the method of payment, withdrawals can take up to five business days.
Does Wealth Matrix offer a demo account?
Wealth Matrix provides a demo account, which allows users to try the platform out without risking any real money.
How much deposit is required to trade with Wealth Matrix
Wealth Matrix requires a minimum deposit to begin trading. This depends on the method of payment used.
Wealth Matrix offers a referral program
Wealth Matrix offers a referral reward program where users can refer new customers.
How often does Wealth Matrix generate trading signals?
Wealth Matrix generates trading signals on a regular basis depending on market conditions.
Cryptocurrency, a digital currency, is secure, decentralized and private. Bitcoin Circuit allows users to trade cryptocurrency quickly and easily. We will be reviewing Bitcoin Circuit to determine if it is legitimate or a scam.
What is Bitcoin Circuit?
Bitcoin Circuit is an automated trading platform that makes it possible to trade profitably in cryptocurrency markets. It uses advanced algorithms to analyze them and determine which traders are profitable. It is easy to use, so even beginners can participate in the cryptocurrency markets. Bitcoin Circuit boasts a success rate exceeding 90%, making it one the most reliable trading platforms.
What is Bitcoin Circuit?
Bitcoin Circuit employs a sophisticated algorithm to analyze the cryptocurrency market real-time. It is able identify patterns and trends in the market and can use this information to make profit-making trades. The system can trade for the user automatically, meaning it doesn’t need to be programmed.
Users must create an account and deposit money to activate the trading bot. The robot will then trade on behalf of the user, based on the algorithm’s analysis of market.
Is Bitcoin Circuit a Scam?
Some users have accused Bitcoin Circuit of being a fraud. These accusations are false. Bitcoin Circuit is a legal trading platform that has been verified and tested by third-party organizations.
It is transparent in all aspects of its operation, including the disclosure of all fees and charges on the website. Bitcoin Circuit also has a 24/7 customer support team available to help users with any problems they might encounter.
The pros and cons of the Bitcoin Circuit
Pros
High success rate: Bitcoin Circuit boasts a success rate exceeding 90%. This makes it one of most reliable trading platforms.
It is easy to use: Even novice traders can participate in the cryptocurrency market.
Automated trading is efficient and fast: Profitable trades can be made in real time using the automated trading system.
Cons
There is no mobile app for Bitcoin Circuit. This may prove inconvenient to some users.
Trading is limited to a few cryptocurrencies: Bitcoin Circuit allows traders to trade Ethereum and Bitcoin.
How to get started with the Bitcoin Circuit
These steps will help you get started with Bitcoin Circuit:
Register on the Bitcoin Circuit website to create an account.
Create a demo account to practice trading.
Deposit money into your account.
To start trading, activate the trading robot.
Tips to Trade Bitcoin Circuit Successfully
Bitcoin Circuit users must:
To minimize losses, you can use risk management strategies.
To identify patterns and trends in the market, analyze it.
Use the trading tools on the platform such as stop loss or take profit orders.
Bitcoin Circuit Customer Reviews
Bitcoin Circuit has received mostly positive feedback from users. Users have reported significant profits from the platform. There have been negative reviews and some users reported losses. Trading is always risky, so users need to be aware of that before they use any trading platform.
Alternatives to Bitcoin Circuit
There are many alternatives to Bitcoin Circuit.
Coinbase
Binance
Kraken
Each platform has its advantages and disadvantages. Users should carefully evaluate their options before choosing the right one.
Conclusion
Bitcoin Circuit is a legal trading platform that allows users trade cryptocurrency quickly and efficiently. It is easy to use, so even beginners can trade on it. Although there are some downsides to Bitcoin Circuit, including the absence of a mobile app or limited availability of cryptocurrencies for trading, it is still a trustworthy and reliable trading platform.
FAQ
How much is the minimum deposit to trade on Bitcoin Circuit?
$250 is the minimum deposit needed to trade on Bitcoin Circuit.
Can I withdraw my Bitcoin Circuit profits?
Yes, Bitcoin Circuit users can withdraw their earnings at any time.
Is Bitcoin Circuit regulated
Bitcoin Circuit is currently not regulated.
What is the success rate for Bitcoin Circuit?
Bitcoin Circuit has an over 90% success rate.
What time should I spend on Bitcoin Circuit in order to make profit?
Bitcoin Circuit is completely automated so that users don’t have to spend too much time on it to make profits.
What is the security of Bitcoin Circuit?
Bitcoin Circuit employs advanced security measures in order to protect funds and user data.
Is Bitcoin Circuit subject to any fees?
Bitcoin Circuit does charge a small commission for each trade.
Can I use Bitcoin Circuit with my mobile phone?
Bitcoin Circuit doesn’t currently have a mobile application.
How does Bitcoin Circuit customer support work?
Bitcoin Circuit offers a 24/7 customer support team to assist customers with any problems they might encounter.
Are beginners able to use Bitcoin Circuit?
Bitcoin Circuit was designed to be easy to use and accessible for novice traders.
• Yuga Labs has declared a Summoning event for Dookey Dash players, where Sewer Pass NFTs serve as a key to enter the game.
• Following the news, Sewer Pass NFT prices have skyrocketed to 1.7 ETH.
• Blockchain gaming enthusiasts are rushing to acquire Sewer Passes and summon power sources in hopes of unlocking the next chapter in the Trial of Jimmy The Monkey storyline.
Yuga Labs Declares Summoning Event
Yuga Labs has declared a Summoning event for all Dookey Dash players this week, where Sewer Pass NFTs serve as a key to enter the game. Initially, the collection of Sewer Passes was sold out in mere hours and netted over $6 million on primary sale.
Sewer Pass Prices Soar
Following the news of the summoning event, prices for Sewer Pass NFTs have soared to 1.7 ETH on their price floor. Blockchain gaming enthusiasts are rushing to acquire these passes and summon power sources in hopes of unlocking the next chapter in the Trial of Jimmy The Monkey storyline. Currently, one of these passes can be purchased at 2,221.99 Ethereum (ETH), equivalent to $3,758,318.33 USD on OpenSea trading platform.
Summoning Process Explained
Each Sewer Pass NFT comes with metadata written on it that reflects its high scores and overall rank within Dookey Dash game. To be eligible for summoning a power source, gamers must acquire one of these passes from OpenSea or other trading platforms according to Yuga’s terms and conditions. This process involves burning one’s sewer pass which can then be used to mint an unrevealed „power source“.
Delay Encourages Crypto Enthusiasts
The Summoning was initially intended to take place last week but was pushed further by Yuga Labs team due to some reasons which discouraged some BAYC community members although many crypto aficionados have been massively buying up remaining sewer passses since then such as Larry Lawliet who acquired ten passes in minutes alone!
Future Events Ahead According to Yuga Labs team every summoned power source is unique visually and varies by ability which will be needed in future gaming events hosted by Yuga Lab this year: “You’ll want to summon your power source so that it can be utilized in the future mini-game sets ti reach Evo 2 stage and beyond” – Bored Ape Yacht Club asserted
• Coinbase user lost $96,000 due to an SMS prompt message and account draining.
• Coinbase denied responsibility for the loss and claims that the user is solely responsible for their security.
• The victim has filed a lawsuit against Coinbase for failing to flag unauthorized transactions, while Coinbase had previously refused to reimburse a client in a similar situation in 2021.
Coinbase User Loses $96,000
A Coinbase user lost $96,000 due to an SMS prompt message leading to account draining. Crypto investor Jared Ferguson from New York filed a lawsuit against Coinbase in May 2022 after his life savings of $96,000 went missing. The hacker drained the plaintiff’s account 24 hours after receiving the text message prompting him to change the password and Coinbase failed to flag any suspicious transactions during this period.
Coinbase Denies Responsibility & Blames User
Coinbase sent an email blaming the unfortunate customer saying they are solely responsible for their security- passwords, 2FA codes and devices. However, the plaintiff argued that his account password was changed from a different IP address and new device while Coinbase missed multiple unauthorized transactions.
Unethical Practices Take Toll on Stock Price
The unethical practice of refusing reimbursement has been criticized by Crypto Twitter but also took toll on its stock price. At press time, Coinbase Global Inc (COIN) costs $62.77 with a 2.7% decline in last 24 hours.
Base Layer-2 Blockchain & Transaction Monitoring
Coinbase recently launched Base Layer-2 blockchain while Brian Armstrong intends to apply transaction monitoring in compliance with regulators as part of this project.
Lawsuit Filed Against Coinbase for Losses
Jared Ferguson has filed a lawsuit against the encryption exchange Coinbase for theft of $96,000 worth of encrypted assets on their platform seeking compensatory damages under both Federal and State Laws as well as punitive damages arising out of fraud or gross negligence committed by defendant’s employees or agents acting within scope of employment or agency
• Voyager Digital, a bankrupt cryptocurrency lender, has been selling its digital assets to Coinbase.
• On-chain data reveals that the crypto lender has sent over $100 million in USD Coin (USDC) to Coinbase in the past three days.
• This comes after the failed $1 billion Binance acquisition deal and an alert from blockchain cybersecurity firm, PeckShield that Voyager had transferred $28.7 million worth of cryptos to different exchanges.
Voyager Digital Selling Assets via Coinbase
Voyager Digital, a bankrupt cryptocurrency lender, has reportedly been selling its digital assets through Coinbase amidst its ongoing proceedings. On-chain data shows that the crypto lender has sent at least $100 million in USD Coin (USDC) over the last three days to Coinbase.
Failed Acquisition Deal
The sale of crypto assets comes amidst several roadblocks to its $1 billion Binance acquisition deal which eventually fell through due to regulatory issues.
Alert From Blockchain Cybersecurity Firm
This follows an alert from blockchain cybersecurity firm, PeckShield that Voyager had transferred $28.7 million worth of cryptos to different exchanges including 15k Ethereum ($25.3M) to Binance US & Coinbase and 250B Shiba Inu ($3.4M) coins also going to Coinbase on September 7th, 2022. At the time of transfer one Ethereum was valued at $1,559 each making for a total transfer value of over $105 million dollars worth of various cryptocurrencies on the day of transfer alone by Voyager Digital according to Lookonchain’s analysis of their on-chain data.
Current Crypto Holdings
The crypto lender now holds approximately $631 million worth of crypto assets mainly in Ethereum (ETH), USD Coin (USDC), and Shiba Inu (SHIB).
Conclusion
It is unclear why exactly Voyager is selling off its digital assets but it does appear as though they have been doing so since Valentine’s Day with transfers going out almost every day since then according to Lookonchain’s analysis of their on-chain data sources related to this matter
• Developers have confirmed Bone ShibaSwap (BONE) to be the only gas fee token for the Shibarium Beta launch.
• Unification is working on a Liquid Staking Derivative (LSD) token on ETH and Shiba Inu’s burn rate dropped.
• Ringoshi Toitsu explained that BONE can be staked on Shibarium while receiving a wrapped version of it back, called T-BONE.
Shibarium Developers Launch Bone ShibaSwap (BONE) Proposal
Developers confirmed Bone ShibaSwap (BONE) to be the only gas fee token associated with the launch of Shibarium Beta. Unification is also working on a Liquid Staking Derivative (LSD) token on Ethereum, which has caused Shiba Inu’s burn rate to drop by 92%.
T-Bone Token Announced
Ringoshi Toitsu took to Twitter to explain that $BONE could be staked on Shibarium, while receiving a wrapped version of it back, which is called T-BONE. Ultimately, this means that T-BONE could be paired with $BONE to earn a higher APR and maintain liquidity.
SHIB Burn Rate Cools Down
The lead developer, Shytoshi Kusama, posted an 8-minute long read meant to introduce the world to Shibarium. Following its release, the SHIB Army sent just 2,358,975 SHIB tokens ablaze in 24 hours – representing $30.69.
BigBossCapital Proposal
>Entire Proposal by BigBossCapital https://t.co/bLRqPj5ngk—Ringoshi Tōitsu (@RingoshiToitsu) February 16th 2023.
Conclusion < p > With the emergence of side projects dedicated to burning SHIB tokens and other memecoins , it ’ s evident that many SHIB holders are unwilling or unable to maintain its price . The proposal put forth by BigBoss Capital will bring staked FUND tokens onto Ethereum and could be traded using Curve Protocol .
• Coinbase CEO Brian Armstrong suggested that the SEC could ban staking for retail customers in the US.
• Kraken settled a lawsuit with the SEC and agreed to pay $30 million and cease offering staking services.
• The SEC’s regulatory push is an effort to bring more transparency to staking and make it more decentralized.
What Is Staking?
Staking is a process used to secure proof-of-stake networks like Ethereum, where users lock up tokens in order to earn rewards. It typically requires a large amount of capital to bring reliable returns, so many retail users pool their tokens into decentralized staking pools or stake them with exchanges.
Exchanges Fear SEC’s ‚Staking Ban‘
For crypto exchanges, staking services have become an essential source of revenue as trading volumes dropped, making up 11% of Coinbase’s revenue in Q3 2022 (up from 8.5% in Q2). However, the US Securities and Exchange Commission (SEC) has been ramping up efforts to regulate crypto exchanges and their unregulated staking services. This has caused Coinbase CEO Brian Armstrong to sound the alarms over „rumors“ about an upcoming ban on crypto staking for retail customers – a move he believes would be a „terrible path“ for the US.
SEC’s Move To Rein In Stalking Services
On Friday, SEC Chair Garry Gensler explained the agency’s move to rein in staking services. He said that crypto exchanges advertise returns on these products but don’t provide enough information about what they’re doing with investors‘ tokens – something that investors have a right to know about before investing. As such, these staking contracts should be considered securities by law requiring greater disclosure and regulation by the SEC – thus providing transparency and decentralization within this market sector.
Kraken Settles Lawsuit With The SEC
Kraken recently settled its own lawsuit with the SEC by agreeing to pay a $30 million fine and stop providing its own staking services – although this only applies strictly within its platform rather than across all US crypto platforms offering similar products. This settlement serves as an important reminder for other exchanges of what can happen if they fail to properly disclose information about their offerings or misrepresent them as non-securities investments when they are actually securities investments under law.
Conclusion
In conclusion, while there may not be an outright ban on crypto stakingservices for retail customers in the US anytime soon, it is clear thatthe SEC will continue their efforts towards regulating these activitiesand bringing greater transparency into this sector of cryptocurrencyinvestment opportunities.