Author: dfmines

The recent crash in the crypto markets took everyone by surprise, especially Bitcoin. Many coins lost value drastically and very fast at that. Even the number one crypto Bitcoin took a big hit when investors kept selling out in panic. While many are hoping for a recovery, the storm is still rising. Also, many speculations abound in the market as investors are thrown in disarray. Related Reading | Bitcoin Exchange Outflows Suggest That Investors Are Starting To Accumulate With all the chaos, it’s no surprise that the co-founder of BitMex predicts both Bitcoin and Ethereum bottom levels. According to Hayes, Bitcoin will relax at $25,000-$27000, while Ethereum will remain at $1700-$1800. This is a far cry from what both cryptos were trading some months back. On his reasons for making the predictions, Hayes pointed out that the sale of 80,000 BTC done recently by Terra has reduced the frenzy to sell Bitcoin. Another reason for this set bottom is that BTC is lagging while stocks recover. Last week, while Wall Street saw some positives, Bitcoin went lower instead to $29,000+ from May 29 to May 30. On May 31 and June 1, the price went up to $31,000 but it’s now fluctuating between $29k – $30k At press time. The crypto market commenced a downward trend when the Federal Reserve announced increased taxes. While some investors were still undecided about selling or not, the market dived down to the worst as soon as the tax became effective. The incident caused panic selling, and many investors lost their investments. For instance, Bitcoin that reached the $40K resistance spiraled downwards and has lost at least 9.40% since then. Apart from the prices of crypto that fell, the global cryptocurrency market also decreased drastically. Is There Any Hope For Bitcoin and Ethereum Recovery? According to Hayes, no one can predict a recovery in the nearest future. The increase in rates by the Federal Reserve was to help the fight against inflation. Unfortunately, these conditions are still prevalent, and the rates are still there. So, the market is still not ready to move. Another reason for the downward trend that went out of control was short-term crypto investors. This group doesn’t believe in waiting it out until profitability returns. Related Reading | Bitcoin Rests Tentatively Above $31,000, Bull Rally Or Trap? They’re more willing to sell at a lower loss than hold their assets uncertainly for the future rally. Even with that, Hayes believes a recovery might come later. But if it must happen, many sellers have to exit their positions and grab some value. As for the time to expect the rally, Hayes hinted that it might happen when short-termers sell off their holdings. So, he advised that all investors remain patient and still hope that Ethereum might still hit the $10,000 predictions by the year’s end. Featured image from Pixabay, chart from TradingView.com

Calls have been issued in Armenia for the central bank to do its job and put the country’s crypto space in order. Both government regulators and representatives of the financial sector insist that the industry needs regulation to prevent the use of cryptocurrencies for illicit purposes. Bankers and Tax Officials in Armenia Call for Crypto […]

Who’s putting his money where his mouth is? Mr. Wonderful AKA Kevin O’Leary is. As one of the main proponents of the industry’s need for green bitcoin mining, Mr. Wonderful invested in Bitzero. And now they’re announcing that the company will build its North American headquarters in North Dakota. Why is this news? Because of the things they’ll do with the heat that the data center will produce. Heat is an unintended byproduct of bitcoin mining, and Bitzero Blockchain Inc. plans to use it to fuel the region’s food production throughout the year. The company will partner with MHA Nation’s greenhouse project to accomplish it. And they’ll use North Dakota’s abundant green energy resources to mine the bitcoin without even touching carbon. Mr. Wonderful is presenting us with a win-win situation right here.  In a governmental press release, Hidatsa and Arikara (MHA) Nation Chairman Mark Fox said, “Bitzero is working with us to use our Western Area Power Administration hydroelectric power to reflect the company’s zero carbon mandate. The additional heat produced from the data center facility will be used for our MHA Nation’s Greenhouse Project currently under construction.” Excited to announce that North Dakota emerged as the logical choice for @bitzerodotcom's headquarters due to alignment on the state’s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent. 1/ pic.twitter.com/GylnM1aNaO — Gov. Doug Burgum (@DougBurgum) June 1, 2022 Out of the $500M for the North American HQ, the company already raised $100M. At one point over the next two months, Bitzero will host an IPO in Canada to get the rest. The green bitcoin mining company is originally from Namsskogan, Norway, where their data centers already work with hydroelectric power. That means, their operations run on 100% renewable energy. Using the heat for food production is a benefit on top of that.  What Does Mr. Wonderful Have To Say About The Situation? The plan was to announce the North American headquarters before the IPO, and Bitzero delivered. In what seems like a private event with entrepreneurs, politicians, and media, the North Dakota part of the venture came to life. Local radio station KVRR provides video and quotes Mr. Wonderful saying: “Data is the new oil. This state has plenty of energy. Now, it has an opportunity to convert some of it and diversify into what every single sovereign wants. The value of having your data on your own soil. In a stable place because it’s the records of people, it’s the banking system. It’s all of the information that every single sector of the economy needs.” For his part, Governor Doug Burgum said in a tweet, “excited to announce that North Dakota emerged as the logical choice for Bitzero’s headquarters due to alignment on the state’s goal of being carbon neutral by 2030, a robust energy industry, favorable tax and regulatory environment and access to top-tier talent.” BTC price chart for 06/03/2022 on Cexio | Source: BTC/USD on TradingView.com Other Projects in North Dakota In the middle of April, just a couple of months ago, the government of North Dakota announced a visit by Mr. Wonderful and Bitzero CEO Akbar Shamji. The purpose of the visit was “to evaluate potential Bitcoin mining investment opportunities” in the state. Apparently, things went well.  There's so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro. — Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) May 10, 2022 At the time, they announced two more things. First, “the bitcoin mining company has plans to build out 200 megawatts (MW) of power in data centers over the next two years.” So, this is just starting. Second, “in addition to the data centers, the company also plans to develop an assembly and distribution hub for graphene batteries technology.” So, there’s more coming.  “There’s so much opportunity in Bitcoin mining using 100% sustainable green energy like wind, solar, nuclear and hydro,” Mr. Wonderful said recently in a tweet. Plus, in a Cointelegraph interview, Mr. Wonderful said, “Private capital must be compliant with environmental, social and governance factors. ESG was once a marketing term, but now it’s a real thing.”  Even though not everyone in the bitcoin space agrees with him, it’s commendable that Mr. Wonderful is not just talking. He’s betting on a green future for bitcoin, and apparently, he’s betting big. Featured Image by Tim Mossholder on Unsplash | Charts by TradingView

It's common knowledge here that the SOL network goes down frequently, gets hacked, doesn't work etc yet people still continue to invest in it. And yet again it was attacked YET AGAIN recently! If traditional banking was this flakey the government would haul it over the coals and watch it burn. Yet people still invest…
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Important Edit: Someone just mentioned there seems to be no contract for minting TRX right now. I double checked the white paper and looks like the full mint and burn mechanism wont be implemented until November. Until USDD can be burned for newly minted TRX there is 0 chance of a failed mint and burn…
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Humanity has always been obsessed with stepping out of the borders of this world into new realms. The Metaverse trend shows no signs of slowing down as Companies such as Facebook create their own, and billions of dollars are invested into the industry. So, why are people interested in it? The Metaverse employs what is known as play-to-earn, where users can accumulate wealth or assets for completing tasks within a Metaverse. This varies with projects as some create a social hub where other more advanced Metaverse environments offer lucrative P2E incentives. In addition, people spend between four and five hours a day with leisure time – why not have this leisure time earn you money? Someone may spend four hours a day playing the popular Grand Theft Auto 5 (GTA5) title by Rockstar Games. In this game, the player completes a mission with friends and acquires guns, cars, and houses. In addition, the player may spend real money buying fake currency and purchasing more vehicles. Alternatively, the Metaverse allows this while making actual money. This is because the tokens the users earn are tradable to anyone around the globe, from NFTs to fungible tokens like the MTVT token within Metaverser. Metaverser is a P2E project that aims to provide a world of opportunity, fun, and profit-making. Profit-making consists of either earning their native cryptocurrency ($MTVT) or non-fungible tokens (NFTs) by completing tasks, missions & challenges within Metaverser. Although Metaverser is a high-quality product designed by experienced professionals, it offers far more than just the above. These are the ways that you can earn an income in Metaverser while having fun: Mining Mining in Metaverser is more straightforward than the real-world alternative, requiring only a house, a mining rig, and a small 5% revenue as an electricity fee. In addition, Metaverser adds incentive as each element is an NFT with value. In this instance, you have a house and a mining rig that both appreciate. Land & Housing You can buy homes in Metaverser that have value and utility. You can also purchase and obtain alternative land types with unique benefits. This includes industries producing electricity for miners (meaning you get some revenue) and transport services. Grocery stores supply unique NFT items to players that fuel a player. Land may also have a billboard that is rentable. Racing & Tasks Unlike traditional games, the cars you acquire will be unique and tradeable NFTs. A player could trade their way to their perfect vehicle or use the income to buy it. Variety exists with the cars as a player may either complete challenges and missions to earn prizes (including money) or aim to win the monthly championship racing tournament. Missions also consist of gun-related challenges for those who do not want to race. This offers two distinct playstyles, the competitive playstyle against other players and the casual playstyle for those who want to relax and enjoy Metaverser’s beautiful nature. Further, every unique NFT levels up with the player making it potentially more lucrative than before. Visiting other houses It is not all exciting racing, missions, and challenges. For some, they may simply want a place to relax with friends. Hombaba Island, the first Island on Metaverser, is an entire self-contained playground allowing players to travel to each other’s homes and spend time together with (optional) realistic avatars made by advanced face-scanning technology enabled through ReadyPlayerMe. In their home, people can dance, talk, chat, watch TV, and more, with complete privacy – and an entire world of possibility outside their front door.  

The legal representative of victims of the Onecoin bitcoin scam operation, Jonathan Levy, has accused the Bulgarian prosecutor of deliberately failing to take action against Onecoin. The lawyer said due to the prosecutor’s inaction, more victims are losing millions of dollars to the fraudsters. Prosecutor Refusing to Take Action Against Ruja Ignatova’s Mother A lawyer […]

United States stock markets provide the backdrop for reversal in Bitcoin as $30,000 manages to hold.