Category: Cryptocurrency News

LABS Group, an end-to-end blockchain property investment platform, has successfully raised $3,650,000 for Kunang Kunang Resort using NFT. Kunang Kunang Glamping Resort is the world’s first-ever community-owned project fractionalized into Rewarding Timeshare (RTS) NFTs, transforming the way investors build their diversified portfolio, with access to diverse assets, low transaction costs and the ability to trade 24/7. The auction of the NFT supplied 1095 RTS-NFTs, with each day of the calendar year represented by 3 RTS-NFTs. Interested parties will be able to purchase RTS-NFTs with lower entry barriers and a wealth of benefits. By fractionalizing Kunang Kunang Resort, LABS Group makes resort and hotel investment available for everyone. As quoted by Yuen Wong, the CEO of LABS Group: “LABS is a digitised real estate investment ecosystem powered by blockchain. With that, we make real estate investment possible for everyday investors. We could bring deals directly to everyday investors, cutting out the middlemen to bring extra value. Furthermore, LABS has made cross-border real estate investment easy, and has carried out all the due diligence for our investors.” The RTS-NFT Auction Kunang Kunang project’s newly revamped auction commenced from July 26th, 2021. Bidders can participate through two methods: the auction or an immediate purchase. The auction lasted for 7 days starting from July 26th. Interested bidders can bid for their desired RTS-NFTs at the Refinable Marketplace, where 365 RTS-NFTs will be available at the starting price of $3333 USDT. The NFTs are now purchasable on Refinable. 730 RTS-NFTs will be reserved for immediate purchase from July 26th 1PM UTC onwards with a starting price of $3999 USDT. Seasonal prices could vary however, as RTS-NFTs from July to September are fixed at $4333 USDT while RTS-NFTs that fall on special days are fixed at $4666 USDT. RTS-NFT Benefits and Rewards RTS-NFT owners are entitled to a miscellany of benefits. This includes 30 years of staying rights, freedom to swap, trade and more. Additionally, the first 100 bidders can win a 200 USDT rebate by placing any first bid on the RTS-NFT auction. All RTS-NFT holders also receive a special NFT holder privileges package during their stay at the resort on their RTS-NFT date, including: Limousine transport to Kunang Kunang Resort In-room welcome treats Set Breakfast for two 50% off on any onsite consumption 20% off on any off-site consumption (i.e. excursion, local tours) Upcoming Pipeline and Development Plan Kunang Kunang Resort is in preparation for its opening in February. LABS Group will also continue to move forward with plans to expand their real estate business with more resorts globally, this includes prospective plans in Thailand, Cambodia, Indonesia, and Japan. With determination to spread their success globally, LABS Group will be a spectacle to behold in the coming years.

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British YouTuber KSI blames “over leveraging” for his previous loss of $9.74 million (£7 million) in crypto investment.

The new Bitcoin users graph is a sight to behold. Even though Bitcoin’s price was horizontal for a while there, the network kept growing. And, with each new participant, the network expands infinitely. And, with that, the value of the network increases in the same magnitude. Such is the nature of the “network effect” phenomenon.  That is what this chart by on-chain analyst Will Clemente shows: The number of new users coming on the Bitcoin network continues to reach new all time highs. pic.twitter.com/yttPlhJBPd — Will Clemente (@WClementeIII) August 4, 2021 As one of the hosts from the Alt-Coin Daily show said, “The traders control the short-term market.” However, if we’re talking long-term, this is one of the most bullish charts you’re going to see. And, luckily for us, Clemente himself explained the chart’s nuances on said YouTube show.  Related Reading | TA: Bitcoin Regains Strength, Why Bulls Eye Strong Rally above $40K The Whales Are Distributing Their Coins According to Investopedia, the Gini coefficient is: The Gini index, or Gini coefficient, is a measure of the distribution of income across a population developed by the Italian statistician Corrado Gini in 1912. It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population.  Bitcoin’s Gini coefficient is getting healthier and healthier. According to William Clemente, when you filter out ETFs and Grayscale, on-chain analytics show that “over time whales are just distributing their coins.” According to him, entities with less than 10 BTC never stop buying. “Since May 19th, retail has been accumulating more heavily than the whales have.” Each day that passes, Bitcoin’s “healthy distribution of the network” gets better and better. New Bitcoin Users, A Very Appealing-Looking Chart According to Clemente, his “very appealing looking chart” shows “the net users growth of the network.” His methodology is simple. He looks for “clusters of addresses that look like one person,” those are the entities. Then, he subtracts “the amount of new entities coming on-chain” from “the entities that look like they’re dormant.” The result is the daily new Bitcoin users. As the chart clearly shows, we recently achieved an all-time high in new Bitcoin users per day. However, there’s more. According to Clemente, the story is in the “incremental increase between each mayor peak.” At the peak of 2011, 1050 new users came into the network per day. In the two 2013 peaks, the number went from 1500 to about 5000 a day. In 2017’s best moment, Bitcoin was bringing in 40000 new Bitcoin users a day. Related Reading | Bitcoin Set To Outperform In Second Half Of 2021, Bloomberg Analyst All of those peaks had a dramatic drop back down. If we look at 2021, in general, it’s a “slow grind higher.” So, “If this is the peak, we haven’t seen this drop-off in new user growth that we had each cycle.” On the contrary, “we just crossed the all-time high of 2017.” If Clemente is right, those new Bitcoin users mean we’re nowhere near the top. BTC price chart for 08/06/2021 on Bitstamp | Source: BTC/USD on TradingView.com What Do The Greats Say About Bitcoin’s Users? The legend states that once upon a time legendary investor Paul Tudor Jones asked Stan Druckenmiller: “Do you know that when Bitcoin went from $17,000 to $3000 that 86% of the people that owned it at $17,000, never sold it?” Druckenmiller replied: Well, this was huge in my mind. So here’s something w/ a finite supply & 86% of the owners are religious zealots. Will the new Bitcoin users act the same way when the season of the bear arrives? Only time will tell. Featured Images by History in HD on Unsplash – Charts by TradingView

The hotly-debated legislation is no surprise to hard money supporters, as Cameron Winklevoss saying that it would “plunder” future generations.

As the title says, it requires 1000 Moons to purchase Special Member which is 310$ worth of real-world money. Moons don't actually hold value yet, as it's still in the testing face, but xMooons do, and they are currently priced at .31 Cents per moon. So I propose we reduce the cost of moons required…
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The official Portuguese shop of Chinese electronics giant Xiaomi has partnered with Utrust to unlock payments in five cryptocurrencies.

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The crypto analytics and market intelligence company Messari revealed on Thursday the firm has raised $21 million in a Series A financing round. The funds will be used to expand Messari’s product suites and it aims to “triple the size of its engineering and research teams.” Crypto Market Intelligence Firm Messari Secures $21 Million Digital […]