Should be crossing 100k (again) soon.
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Remember this was a small setup company registered in USA. They were taking funds from customers and going balls deep in Anchor for that 20% gains without telling their customers. Now they have lost $42M of funds. Registered company. They have updated the article after UST crash. All of there holdings were in UST.…
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Swiss asset manager Julius Baer is set to offer cryptocurrency exposure to its high-net-worth clientele.
Hey Reddit, just wanted to share something cool I’ve been working on today. It’s an NFT protocol, but different from the usual NFT contracts you’ve seen. Most NFT contracts hardcode their minting logic directly into the contract. What I’ve built (It’s called “Cell”) is not really an “NFT contract”, but an “NFT virtual machine contract”.…
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Bondly Finance and Animoca Brands have recently announced Bondly Finance’s rebrand to Forj. Previously the brand has led the way in the NFT space through several innovative partnerships and today we’re speaking directly to Charles Stanton, the Chief Marketing Office at Forj to learn more about the launch, what changes we can expect and how Forj is ultimately focusing on simplifying Web3 and forging strong fan and creator partnerships. Interestingly the launch is a result of an extensive rebrand undertaken over the course of the past six months led by leading brand design exports whose clients included Disney and Coca-Cola! Q: Can you please explain what Bondly Finance does? A: Bondly Finance is an end-to-end Web3 and NFT solutions provider, majority-owned by Animoca Brands, working with big brands and creators across a range of projects and campaigns leveraging our technology to meet their requirements. Q: What is the reason behind the rebranding exercise? A: Along with Animoca Brands we are committed to onboarding the next wave of consumers into Web3, and we knew Bondly Finance wasn’t the right brand for that in the long term. It’s far too centred on DeFi and the ‘finance’ angle doesn’t have broader appeal to the majority of creators and fans out there. For example, if you’re a top record label or a major entertainment brand, you are considering how your audience will respond to a partnership with us and it’s clear they will relate far better with a dynamic, energetic and adaptive brand like Forj than with Bondly Finance. Q: Will there be any difference in the goals of Forj, as compared to that of Bondly Finance? Absolutely, our focus is centred around fan and creator partnerships – the very epitome of ‘forging’ is the creation of something, whether a relationship or an experience. Through our growing number of brands (such as Metaprints and PolkaPet World) and partnerships with huge platforms like Spring and Bandsintown, we’ll be bringing fans closer than ever to the creators they love. Creators like Lewis Capaldi and many more are to be announced! Ultimately the goal is to be the leading gateway for broader audiences to experience Web3, whether through the metaverse or through ownership of an NFT that unlocks meaningful experiences. Q: How does Forj aim to help web3 adoption? A: We want to simplify Web3, and work with brands to unlock the potential to create incredible branded experiences in real life and in the metaverse. Adoption comes from simplification and focusing on what matters – the experience. The fact that the experience is powered by the blockchain shouldn’t matter, it’s how it can enable new and meaningful interactions between fans and creators, such as DAO governance, metaverse events, and exclusive access passes to meet the creators. Q: What are the immediate plans for Forj? A: We have a lot of big announcements coming, many centred around our relationship with Animoca Brands and our position in their group which is hugely exciting. Q: What will happen to $BONDLY and how will the holders benefit from this transition? A: The token, for now, remains unchanged and token holders should benefit from the impact of the string of announcements we have coming that will add utility to the token. Q: Are they any new products and partnerships planned under the Forj banner? would you like to give our readers a sneak peek into it? A: We’re working with Phantom Galaxies as their exclusive sales partner, which will be our first big exclusive announcement! We’ll also be launching a new product in the coming weeks which I’m super excited about. We also have some major new partnerships to be announced, it’s going to be a busy month… Q: Anything else you would like to convey to our readers? A: Only that this is just the start, Forj is a brand to meet the demands of the next wave of Web3 consumer and we’d love you to be a part of it. Check our new website www.Forj.network for more
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The next bull market in Bitcoin is now building a bottom. As a result, bears continue to rule the market, sending the price of bitcoin below $29,000 in the last 24 hours. Traders expecting the bear market to conclude may have to wait longer due to unfavorable conditions. Will Bitcoin Retrace? Bitcoin is no stranger to retracements of higher than 20%. More substantial corrections have occurred in Bitcoin’s history than this current one. Those who have been around long enough to recall previous meltdowns of more than 50% in less than a month can attest that this is just another hiccup. Since Bitcoin’s inception, there have been around seven price corrections, with the price dropping by half. Bitcoin has always bounced back after each of these corrections. Bitcoin fell by 83% in a short period of time in April 2013. When China first outlawed Bitcoin in December of that year, it dropped another 50%. BTC/USD slides below $30k. Source: TradingView 2018 was a difficult year. Although it reached an all-time high of about $20,000 in December 2017, it was only worth about $3,000 in December 2018. More recent investors will recall the March 2020 meltdown, when Bitcoin dropped 50% in a few of days. In May of 2021, the same event happened. Related reading | New Data Shows China Still Controls 21% Of The Global Bitcoin Mining Hashrate Despite this, markets are in chaos today, with Bitcoin down more than 20% in the previous week and more than 50% from its all-time high in November 2021. The 200 week moving average(WMA) is probably the most dependable and straightforward chart to provide some information on Bitcoin’s present position . It usually rebounds back rapidly from the 200 WMA. Only twice in history has Bitcoin fallen below the 200 WMA, and both times it was only for a short time. For more than a month, it has never been below the 200 WMA. Bitcoin’s 200 WMA is now about $22,000. With a current price of roughly $29,000, it may probably go lower or even trade sideways for a while, but the worst is likely behind it. Bloomberg Analyst Believes BTC Will Plummet Despite a recent 15% rally from the lows reached last week, Bloomberg analysts believe the flagship cryptocurrency will continue to fall. BTC now appears to be more fragile than previously. According to the article, Bitcoin’s recent rally has resulted in the formation of a “saucer-top” pattern on an hourly BTC chart. A Head and Shoulders pattern has emerged within it, indicating a trend change from bullish to bearish. Source: Bloomberg After BTC dipped beneath the formation’s neckline, the pattern was activated. In order to avoid a further drop, the Bitcoin price must now surge over $30,800. Santiment’s Bitcoin statistics shows a lackluster market sentiment as traders remain indifferent. On May 18, the S&P 500 fell more than 3%, dragging Bitcoin down with it. Indeed, since the beginning of 2022, the correlation between Nasdaq-100 and Bitcoin has remained tight, making it a good indication for anticipating Bitcoin price movement. Bitcoin-U.S. Equity Market Correlation. Source: Santiment Nasdaq-100 futures and other U.S. index futures are down about 1.5 percent at the time of writing. It suggests that the Bitcoin price may continue to fall. In fact, Asian and European stock markets are down more than 2% today. Whales, on the other hand, appear to be anticipating a bottom in order to continue accumulating. According to Rekt Capital, Bitcoin’s RSI has now reached the level where long-term investors have historically gained the most. Related reading | Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000 Featured Image by Pixabay | Charts by TradingView
Cryptocurrencies will be eventually legalized, a member of the Russian government has opined. The question is when this will happen, Trade Minister Denis Manturov stated as new crypto-related legislation advanced in the State Duma this week. Crypto Legalization Is Current Trend, Russian Minister Acknowledges Cryptocurrency can be legalized in the Russian Federation, according to a […]