Messages

1

Crypto Discussion / Bitcoin breaks $24k continuing its bullish run into 2023

« on: February 20, 2023, 02:01:44 PM »

Cryptocurrency king Bitcoin has broken $24,000 + for the first time in three days.

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Bitcoin reaches a new high of $24,769.75 over the 24 hours the move follows Bitcoin’s strong performance since the start of January seeing it climb by 50% year to date. Bitcoin started around $16,000 steadily in the first quarter of months.

Bitcoin also increases the overall crypto market cap, which has surpassed the $1 trillion market cap and is currently at $1.14 trillion.

Read full news at: http://cryptounity.news/bitcoin-breaks-24k-continuing-its-bullish-run-into-2023

2

Crypto Discussion / Elon Musk's Twitter Goes Cashless with Cryptocurrency Payment Option

« on: January 31, 2023, 12:17:39 PM »

Twitter has acquired legal and regulatory licenses in the U.S

The payment system will accommodate digital currencies and fiat.

According to Financial Times, Elon Musk is pushing to obtain regulatory and legal licenses to push via

the Twitter payment system plan Elon musk's move to radicalize Twitter into a social payment and messaging platform will utilize a technology that accommodates both fiat and virtual currencies.

According to Elon Musk, the platform would initially support payment and peer-to-peer transactions in fiat the technology will be developed to house crypto payment.

Read full news at: https://cryptounity.news/elon-musks-twitter-goes-cashless-with-cryptocurrency-payment-option

3

Crypto Discussion / Visa is working on a Central bank digital currency and stablecoin initiatives

« on: January 25, 2023, 01:47:49 PM »

Visa CEO Alfred Kelly express that the company is working on some central bank digital currency (CBDC) and stablecoins San Francisco business time reported. 

According to Alfred Kelly the company believes that stablecoins and CBDCs could play a meaningful role in the payment space.

Alfred kelly said that the company had no credit losses to the recent crypto contagion as it had an immaterial investment in crypto companies.

Visa is also working on many initiatives to develop its CBDC and stablecoin infrastructure.
Read full news at: https://cryptounity.news/visa-is-working-on-a-central-bank-digital-currency-and-stablecoin-initiatives

4

Crypto Discussion / Shiba Inu devs to launch Shibarium L2 network beta

« on: January 16, 2023, 01:58:55 PM »

The developers of the dog-themed token Shiba Inu posted an update to inform its community about its upcoming beta release of Shibarium a layer 2 network that will run on top of the Ethereum Mainnet. 

The developers of the dog-themed token Shiba Inu posted an update to inform its community about its upcoming beta release of Shibarium a layer 2 network that will run on top of the Ethereum Mainnet. 

According to Developers: 
"Patience is key and some see Shibarium as a price pumping tool but that is not the projects focus and never has been"

Read full news at: https://cryptounity.news/Shiba-Inu-devs-to-launch-Shibarium-L2-network-beta

5

Crypto Discussion / Crypto.com delists USDT due to regulatory prohibition.

« on: January 11, 2023, 11:38:34 AM »

In cryptocurrency exchange in Ontario, Canada users cannot list USDT following the OSC ban. 
 
According to Crypto.com plans to delist Tether (USDT) for Canadian users, effective Jan 31 the exchange has told customers that if they do not withdraw or convert their USDT assets by the deadline then their Tether will be automatically converted into USD Coin (USDC) 

"You may incur a retrieval fee if deposits of USDT are made from external wallets after this suspension period and fund retrieval may not be possible in some cases."

Read full news at: https://cryptounity.news/cryptocom-delists-usdt-due-to-regulatory-prohibition

6

Crypto Discussion / BNB Breaks Records How to Profit from the BNB Price Increase

« on: January 10, 2023, 10:42:11 AM »

Binance coin (BNB) price gearing for another lift-off to $300. BNB rallied above $260 and may aim to touch the $300 level.

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BNB price started a recovery wave from the $240 support against the US Dollar.

BNB price currently trading above the $265 and the 100 simple moving average.

BNB 4 hours graph a major bearish trend line with resistance near $250 on 4 hours of BNB/USD pair.
BNB/USD pair could rise and may climb above the $280 level.

Last week, the BNB price support base was above the $240 level, and there was a strong recovery wave above the $250 resistance zone.

Read full news at: https://cryptounity.news/bnb-breaks-records-how-to-profit-from-the-bnb-price-increase

7

Crypto Discussion / Shiba Inu Burn Rate Surges Over 1,300% In 24 Hours, Can it Sustain Gains?

« on: January 09, 2023, 01:26:58 PM »

The Shiba Inu (SHIB) token is one of the famous meme coins in the crypto market. 

 
With over 3.6 million followers liked by many and aiming to be more than just a meme token, the SHIB army committed a burn mechanism in which they'd have to burn some SHIB tokens to reduce its massive supply. 

SHIB is massive compared to the recent SHIB burns, the SHIB burn tracking site shibburn.com a total of 37,400,646 SHIB have been burned in the last day SHIB surge in burn rate of 1,395.89%

Read full news at: http://cryptounity.news/shiba-inu-burn-rate-surges-over-1300-in-24-hours-can-it-sustain-gains

8

Crypto Discussion / Shopify retailers can now sell Avalanche NFT via their online stores

« on: January 06, 2023, 08:44:26 AM »

The Avalanche app from Venly is now accessible to all Shopify businesses allow to mint and sell NFTs via a no-code interface.

If any of Shopify's millions of merchants wish to sell NFTs they need not direct buyers to a specialized platform like OpenSea or Magic Eden they can mint and list NFTs through their existing storefront utilizing one of Shopify's blockchain apps these NFTs can now be created on Avalanche due to venly.

Venly a Blockchain company expresses the expansion of Avalanche support via its Shopify NFT minting app the Layer 1 blockchain platform which is billed as a faster and less expensive to leading NFT platform Ethereum is currently available to all Shopify merchants.

Read full news at: https://cryptounity.news/shopify-retailers-can-now-sell-avalanche-nft-via-their-online-stores

9

Crypto Discussion / Litecoin Records Certain Milestones In 2022 Despite The General Downtrend

« on: January 02, 2023, 11:52:39 AM »

Litecoin achieved several on-chain and off-chain milestones despite the broad slump that characterized the previous trading year.

According to a Litecoin tweeter post, The Litecoin Network completed over 39 million transactions in 2022

Also, Litecoin increased the number of transactions performed on the network, Litecoin has 52 million unique addresses as of 2022.

The Litecoin Foundation the nonprofit group established to promote Litecoin claimed that in 2022 the number of addresses was the second most of any cryptocurrency.

Read full news at: https://cryptounity.news/litecoin-records-certain-milestones-in-2022-despite-the-general-downtrend

10

Crypto Discussion / Bank of India report calls for regulatory coordination on crypto market challeng

« on: December 30, 2022, 11:00:53 AM »

The Reserve Bank of India's financial stability report is negative about cryptocurrency and reminds the world that India is looking for global action on crypto regulations.

 The Reserve Bank of India (RBI) has expressed concerns about the burgeoning crypto ecosystem and suggested parts of it could be banned. 
 The latest RBI financial stability report express on Dec 29 that the Central bank said it would use its rotating presidency of the G20 group of the world's largest economies to call for the development of a global regulatory framework of crypto assets.

 The Indian economy and domestic financial system remain resilient the tone changed drastically in its discussion of crypto as it highlighted a familiar laundry list of crises that struck 2022. 

Read full news at: https://cryptounity.news/bank-of-india-report-calls-for-regulatory-coordination-on-crypto-market-challenges

11

Crypto Discussion / Top NFT projects are quit, Solana. Is Solana dead?

« on: December 27, 2022, 12:57:00 PM »

The migration of Solana's top two NFT projects to Polygon and Ethereum is set for the first quarter of 2023 on an opt-in basis.

Top NFT projects are quit, Solana. Is Solana dead.jpg

NFT firm Dust Labs is migrating its two top-performing Solana NFT projects DeGods and Y00ts one Polygon and Ethereum in a bid to expand their adoption.

The official News was published on the DeGods and y00ts Twitter page on Dec 25 with both NFT projects expected to be bridged onto Ethereum and Polygon respectively in the first phase of 2023.

Rohun Vora is the creator of DeGods and y00ts who is known by the alias Frank expresses the decision was made to explore new opportunities and allow for the continued growth of the collection. the move will also see the DUST token used to buy, sell and mint NFT on the DeGods ecosystem as well bridged into Polygon and Ethereum.

Read full news at: http://cryptounity.news/top-nft-projects-are-quit-solana-is-solana-dead

12

Crypto Discussion / ETH staking on top exchanges contributes to Ethereum censorship

« on: December 26, 2022, 01:22:36 PM »

One of the biggest factors harming Ethereum's credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges.

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Crypto ecosystems being compliant with federal sanctions harm its global reach when it comes to Ethereum investors have significant power to decide the degree of compliance the ecosystem obeys.

Ethereum blocks comply with the United States sanctions put forth by the office of foreign assets control (OEAC) while the crypto community stands against this transformation many fail to realize their contribution to helping Ethereum attain total OFAC compliance.

Users staking Ether on platforms that run censoring MEV relays on their validators are directly contributing to the censoring of MEV boost relays.

Read full news at: https://cryptounity.news/eth-staking-on-top-exchanges-contributes-to-ethereum-censorship

13

Crypto Discussion / Defrauding millions of investors due to 350 Scam Token Created everyday

« on: December 19, 2022, 01:35:30 PM »

Nearly 350 tokens and 118,000 scam tokens were deployed from the start of January through the end of November.

According to Rug Pull Report 2022, there were 117,629 scam tokens from the year 2022 the data reported a 41% increase from the near 83000 in 2021. there were more than 350 tokens every day in 2022 the current number is astronomically higher than the 1548 scam tokens in 2020.

As per the report BNB Chain is home to the most fraudulent tokens. moreover, 12% of all BEP-20 tokens are fake. the Ethereum network came in second with a supposed 8% of ERC 20 crypto coins being scams.

Read full news at: https://cryptounity.news/defrauding-millions-of-investors-due-to-350-scam-token-created-everyday

14

Crypto Discussion / MetaMask to allow users to purchase and transfer Ethereum via PayPal

« on: December 15, 2022, 07:36:38 AM »

Digital payments platform PayPal has collaborated with MetaMask parent company Consensys to allow MetaMask users to purchase and transfer Ether via PayPal’s platform.

Currently, the service will be rolled out to selected PayPal users within the United State.

The service will initially be rolled out only to select PayPal users within the United States as the country is one of MetaMask’s largest markets in terms of users.

The collaboration is intended to allow users to seamlessly purchase and transfer ETH from PayPal to MetaMask by logging into their Mobile MetaMask app which will redirect them to their PayPal account to complete transactions.

Read full news at: http://cryptounity.news/metamask-to-allow-users-to-purchase-and-transfer-ethereum-via-paypal

15

Crypto Discussion / Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400

« on: December 09, 2022, 11:03:54 AM »

Ethereum price boost defended the $1220 support level against the US Dollar. ETH is rising and may be a strong bullish wave above the $1300 resistance level.

Ethereum remained well bid and strong above the $1220 zone the price is currently trading above $1250 and the 100 hourly simple moving average.

There was a break above a major bearish trend line with resistance near the $1245 hourly graph of the ETH/USD pair.

The pair is showing a positive signal and my eye is on an upside break above the $1300 resistance level.

Read full news at: http://cryptounity.news/ethereum-price-bulls-hold-strong-indicators-suggest-fresh-rally-to-1400