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Axie-Infinity Parent Company To Refund Users Who Lost Money During Ronin Hack, Ronin To Restart In 4 Days

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Axie-Infinity to resume the network as Sky Mavis moves to pay affected users.


 

Axie Infitnity has been one of the world’s most interesting blockchain-based video game systems. It’s basically a play-to-earn setup where users can spend their free time having fun while earning by playing interesting video games.

However, this dream was cut short a few months ago when the system lost upwards of $600 million worth of cryptos to hackers. These funds belonged to users on the network. The company had to shut down operations to raise funds for a fresh restart.

What Happened In March?

Back in March, before the hackers attacked, Axie Infinity was going strong. Crypto prices hadn’t dipped as low as they have today. Everything was fine. Users were playing games and earning well. That changed when hackers targeted the network and exploited a flaw in a cross-chain bridge called Ronin. The Ronin bridge facilitated a cross-over between various blockchains and enabled users to swap their tokens into different cryptos like ETH and others.

Hackers exploited this opening to steal 25.5 million USDC ($25.5 million) and 173,600 ETH coins. The total amount of stolen crypto coins was worth around $620 million. However, due to the crypto price crash of recent months and weeks, the tokens are now worth around $216.5 million.

Firm Raised $150 Million

Bloomberg reports, Sky Mavis, which is the parent company of Axie Infinity, has announced plans to re-open the network and allow users back in. This is after the bridge flaws were fixed. Also, Axie Infinity has announced that it will refund users who lost their funds in the hack. Around $150 million has already been raised for that purpose. Binance exchange led the funding function that took place after the hack in April. Axie Infinity will now re-open the network and allow users to withdraw their funds.

Ronin Network:

Ronin Network, the entity that facilitates the Ronin Bridge, has made plans to restart the bridge on June 28. However, to restart the bridge, a hard fork of the network will have to be executed. As such, all network validators have been notified to update their nodes accordingly.

“We plan on re-opening the Ronin Bridge on June 28th, with all user funds returned. Re-opening will require on a Ronin hard-fork which requires all validators to update their software. Validators have been informed regarding next steps to upgrade their validating node.”

 

Token Sale Expert Tatiana BlondyChain Told How To Make Money In The Crypto Industry

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1. Where you’re from? How did you get the idea to create your own YouTube channel?

I am from Ukraine and proud of it. I studied at the University of Economics at the Department of Finance and Credit.  Before I got into crypto, I had a business. Why am I talking about business in the past tense? Because the war began, otherwise it would have lived for a couple more years for sure.

Therefore, the idea came up as soon as I started doing crypto – to create a YouTube channel and start promoting my product in this way, namely, to record educational videos about what I had already learned. I started to participate in IDO and it turned out great for me to make money on it with minimal capital. My friends and acquaintances began to often ask me in a personal, “How do you do it this way? How do you hit launchpads everywhere? How did you win in IDO? What do you do for this? How do you redeem allocations? When should it be sold for maximum profit?” etc. The more requests appeared in my private messages, the more I had a desire to do it publicly, not to answer everyone in a pm and thus save my time. I decided to create video instructions, so that people can go to my YouTube channel and learn everything that I have learned and can broadcast to others.

2. Tell us about your first job. Perhaps it was still work during the student days.

During my student days, I worked as a model but on legal schemes (I clarify that everything was official and clear, since modeling is associated with debauchery for everyone). I made money at exhibitions and official events where beautiful girls were needed who would meet guests in beautiful dresses. I worked as a hostess there. At that time, they paid very well: about $ 100 for a couple of few hours of work, and for us students it was just a lot of money. Well, in addition to this, in college, before the university, I worked as a waitress. It was in the summertime so that during college holidays you can earn money for clothes and not beg your parents. I also broke through movie tickets. It was a cinema Ukraine in the center of Kyiv. So, on the third or fifth day of work, Max Barskikh came to see a film with Badoev and my hands were shaking to break through these tickets because they were such big celebrities that the stadiums were collected. So that was good experience.

3. Tell about a fateful moment, if there was one in your life. 

War in Ukraine. The biggest turning point. When you lose your home, when you lose everything… business, real estate, car… I have everything left in Ukraine, and the cost of all this is essentially zero. And yet, thank God, I have not lost relatives. All live, healthy. Although from day to day, who knows what will happen.

4. What got you interested in studying the crypto industry? How did you get into the world of crypto? 

I have lived in Bali for about 1 year now. My old friend called me. He asked how things were going, how to get to Bali, how I live abroad in general, why I have been there for a whole year and so on. Well, he just found out, because he also wanted to come to Bali and asked how to implement it all, how to do it in right way. During the conversation, it turned out that he is engaged in crypto, and he is a trader. I became interested. I asked him where I could read more about it. I began to search for information on the Internet on my own. I came across a book called “How to DeFi”. By the way, you can download it on CoinGecko. I read it. And then every day I started by learning something new on this topic. Then I got into IDO, figured out what it is. The first launchpad platform I participated in IDO was Polkastarter. The first big money that I earned in one month of participation in IDO (it was 1 tranche) was a crazy amount, and then I realized that this is very cool – from $ 250 of the redeemed allocation I made $ 13,000 in just 10 minutes. I realized that: WOW! It’s excitement, it’s interesting, I can. Well, after that, I started creating my own YouTube channel and teaching others how to do it.

5. Did you have start-up capital for the first investment?

I had money for my first investments from my previous business (coffe franchise). I have always understood what money is. When I came to crypto, I already had common sense and the concept of what money is, the value of money, how difficult it is to actually earn it, and what diversification is. I realized that you can’t put all your eggs in one basket. I keep part of my money in foreign currency, part of the money in real estate, part in movable property, part in the stock market before cryptocurrency (in that time the stock market gave good results), and part in cryptocurrency when I met it. Also I kept investments even in banks, they even lay on deposits. That is, in fact, I have always diversified funds, because any of the listed methods can close.

6. Why were you interested in studying and investing in IDO?

Initially, I did not invest much in all cryptocurrencies, including IDO. I bought and sold coins and tokens, speculated on the spot. No futures. I never recommend futures to anyone because I see millions of unsuccessful stories when people lost money. Better to do it all on the spot. You can make enough money just using spot, stop loss and so on. Let’s return to IDO. Then there were the dawns of the IDO hype, everyone slowly started to learn about it, wrote in various public telegrams, Polkastarter began to promote itself through everyone who went to IDO, since marketing, tweets, retweets and so on had to be done there. That’s how I found out about the first Polkastarter platform, looked at how everything works there, and then I bought the first POLS. In fact, in order to participate in IDO, you need to invest in the purchase of tokens. But again, you need to understand the risks, since you can buy platform IDO tokens, which will fall in price and you will have a drawdown of at least 2-3 x down. Therefore, you need to understand that you need to buy tokens not on a hype, but when there is a slight correction.

7. Have you experienced failures or mistakes in the process of learning or investing in crypto?

There are a lot of mistakes in the crypto! In fact, in crypto you always make mistakes – that’s the point: you pay for experience. Another question: what is the price of your mistake? I used to get caught by scammers as well. How to understand how to protect yourself from them if at least once you do not burn out in this? Sometimes, I didn’t fix the profit on time, I thought that the token would grow and, as a result, it fell down. Sometimes, I simply did not have time to keep track of my portfolio, did not rebalance a portfolio that was for the long term, although it was possible to transfer one asset to another and multiply my capital. I just physically couldn’t do it. The biggest failure was when I did not have time to fix my profit in IDO. From an allocation of about 250 or 500 dollars (I don’t remember exactly, it was 1 year ago), the allocation grew by $16,000 and I thought that it would grow a little more. I went sleep. And in the morning it all rolled into the trash. It is clear that you are waiting for it to correct or grow back, but it has been going downhill for a whole month. I call it a big lost opportunity. Something like this.

8. Many people in the comments of your YouTube channel ask how you live in Bali. Why did you choose this place to live?

In fact, I chose Bali by accident. There are many beautiful videos on YouTube about the fact that it is considered a paradise island, plus there are many myths that Bali changes lives. And indeed, I heard such an interesting phrase that if you come to Bali, then Bali changes your life forever. Magic island. I became very interested. Plus, I love Asia. Before that, I was in Thailand almost everywhere. I have not been to Vietnam. I like Asia very, very much. I have been to Koh Chang, Koh Phi Phi, Phuket and so on. I like the climate of Asia, I like the mentality, everyone here is very kind. I flew to Bali for 2 months, just as a tourist. But, COVID caught me, and all borders were closed. There was an evacuation flight, one to Ukraine, which was organized by the consul. Tickets cost space money. My friends who also flew to Bali just to travel, then a month later they left on the first evacuation flight. I understood that it makes no sense to go if COVID is everywhere around the world, it is not known what will happen next. But if I’m stuck on such a beautiful island, it’s probably a sign. Of course, it was very scary because no one knew what COVID was and maybe it was the end of the world. I remember that first month of panic plus I had money for 2 months. Yes, you can withdraw from the card there, but still you don’t expect that you will sit like that for half a year. The villa was also rented for two months. Well, somehow everything was so scary, but if you put aside all these thoughts and fear, you sit and understand: why to go somewhere at all? Prices for villas have gone down, everything has become cheaper, you live in a wonderful climate where the sea, the sun, fruits, vitamins. Well, I decided to stay. And the longer I lived in Bali, the less I wanted to leave. Changed several villas. Fell in love with their people, with their mentality. I adapted completely and realized that it’s great to live in Bali and why go somewhere. Well, Bali really changes lives. I confirm from my own experience – Bali is a magical island. Some people come and don’t last more than 2-3 weeks or a month. They can’t stand it not because they can’t afford it financially, but because they don’t like something. They just fly away, the island throws them back. Bali is generally a concentration of very unusual strange people. People from all over the world flock to this island and become permanent residents, merging with the local culture. But these people are very unusual. These are freelancers, yogis, raw foodists, vegans, someone is engaged in tantra, someone creates blockchains, someone walks barefoot. This is such an unusual concentration of people that not many people can really stand this island. Someone comes to hang out, rent a yacht, a villa, girls, and someone flies here and stays for life because the island is interesting, people are all kind. You can find friends, you can smile on the street and always smile back at you. It’s strange when you don’t smile on the street! You can turn to any person in any place, he will smile at you, you can get to know him, maybe even create some kind of common business. Bali is generally considered a networking island. I can talk about Bali forever!

9. What projects and directions do you consider promising in the crypto?

In fact, everything is always changing. In crypto you can earn on hype. You need to follow the hype and news, watch the actions of others, what publications appear in the news and telegrams. Because the crypto is always alive, 24/7. People are sleeping – but the crypt is not. For example, someone creates blockchains (someone has a day, for example in America) while you sleep and so on. And when you wake up, something new may appear on the market, or someone has scammed someone, a new project has been created, Terra Luna has flown under the table and so on. Everything is changing very quickly. That is, if you want to make money in the crypt, you need to follow the trends and news otherwise you won’t be able to. If you devote very little time to this, then unfortunately you will not be able to earn much on this. You can’t make it a monthly income. Yes, you can buy a portfolio for the long term and wait for it to grow. It will be a good investment, capital increase, capital preservation, but this is not the monthly income that can be made on hype. At the moment, these are move2earn projects, the beginning of learn2earn, and before that we had play2earn. This is the GameFi sector, that is, everything that is constantly on the game mechanics. This is all changing rapidly. You need to watch the projects that come because, for example, move2earn creates a lot of copies of projects without a fundamental, without funds that do not grow. It is necessary to analyze the project 10 times before depositing money somewhere. How to analyze projects, I always have instructions on my YouTube channel. Well, in principle, on my YouTube channel you can find all the useful information to understand how to distinguish a good project.

10. Is it possible to make money on cryptocurrency now?

You can always make money on a crypto, the main thing is to look for opportunities. For example, people cry that it’s a bear market. But this is not a reason to lose, this is a reason to earn. And if, for example, you did not find the moment to sell, yes, of course, this is a difficult period. There is a concept called OG these people, they survived the 2017 bear market. It is believed that there are very few of them, since it is very difficult to psychologically withstand your portfolio declining in value as a year, and basically people sold everything at a certain stage and were disappointed in the crypt. Those who endured, did not sell anything, waited for growth in 2019-2020, they got very rich because bitcoin, ethereum and other coins grew very much. Therefore, now is also such a moment, now there is a bear market, it will still be there for the whole summer and bitcoin will fall all the time and people will be disappointed and sell. But, this is an opportunity to buy, not sell. Average your positions if you have not had time to sell. Or if there is no budget to average positions, and you bought a bitcoin at $35,000 and now it is at $29,000, then just close your portfolio and don’t look at it for half a year. Don’t look at crypto charts, just forget for this money just not to lose. Because in half a year, in a year, anyway, the cryptocurrency will grow and grow stronger than it was before. Bitcoin will be more than $65,000. And then you can fix it. Again. Buying in a bear market is a must. But not at the highest price. Now, for example, it is too early to buy bitcoin and ethereum. They should be bought when they move closer to $20,000. And then, a ladder to buy and sell to be able to average the position. Using the ladder method, we always achieve the best price. Well, follow the trends, follow the hype to know where you can make money.

11. Elon Musk loves dogecoin. Do you have your favorite coin or token or project?

Yes, of course there is. These are bitcoin and ethereum. Bitcoin has a limited supply. I mean, it will only go up. Plus, bitcoin is constantly lost, keys are forgotten, wallets are lost, and so on. The value of bitcoin is that it is limited, there will be no more than 21 million of it. The more it is mined, the more expensive it will become over time. Also Ethereum. Since these are smart contracts and in general this is a super revolution that allowed creating projects on the ethereum, fork and so on. And of course, Dot, since I am a Polkadot Ambassador. I believe that this ecosystem is very promising, although many no longer believe in it. However, Polkadot parachains are something new, not like ethereum, not like a standard blockchain, not like bitcoin, so I believe that Dot will also show itself over the next 2-3 years.

12. I think you heard about the sudden collapse of Terra Luna. Have you invested in this asset before?

I did not invest in Terra Luna, although it was considered one of the good projects that is in the top 10 positions on Coinmarketcap. But, I had a small part of the savings in UST, it is considered an algorithmic stablecoin but nevertheless not entirely reliable. I understood this and I assessed the risks when I invested in it. I am in favor of diversification, so I kept part of my assets in UST. Not all stablecoins are equally reliable, as it turns out. This is not the first time when stablecoins are pouring in, so you need to study the history of the crypto world in order to understand that this happens periodically. Since I am for diversification, I keep part of my savings in DAI, and in USDT, and in USDC and were in UST. I kept my savings in four stablecoins. But, I also understand that USDT is not the most reliable. If we talk about where it is better to store in stablecoins, it is DAI and USDC, but DAI is algorithmic and decentralized, USDC is centralized, this is Coinbase, this is Circle and they vouch for their reputation.

13. What are your advices for crypto beginners? How much time can it take on average for the chosen direction until the moment when a beginner starts earning? 

The biggest piece of advice is to learn. Do not try to believe everyone in a row, follow advice, repeat after someone, bring it in thoughtlessly, only on hype. Before entering – study, study, study. For example, I have millions of tutorial videos on my YouTube channel. But they have low view stats. As soon as I shoot a review of any project, there are 5-10 times more views. I explain why. People are only interested in where to raise money, where to make money. But they do not want to turn on their brains and think for themselves which project to include. They just want someone to lead somewhere. I’ve always said that people love pyramids. They adore them, because there is no need to think, everyone is carrying them there, everyone is running there, and they are also running there. In fact, this is a herd of sheeps that need to be brought somewhere. It feels like people want to be scammed. Therefore, once again I will repeat what needs to be done to earn money for beginners. Study! Don’t be lazy! Read literature about crypto, read books, read news reports. Read How to NFT and How to DeFi books to get started. This is generally the basics, in these books there is a lot of useful information. And watch tutorial videos. Necessarily! See what security is in crypto. Be sure to think about and secure your assets before you start depositing in crypto. Think about diversification. Understand how to import a metamask. Learn how to cancel approvals. How to disable sites from metamask. How not to get caught by scams and phishing. What is Gnosis safe and how to use it. View TOP15 beginner mistakes. I can endlessly continue to study, study and study again and analyze projects before depositing money.

14. What advice would you give to yourself 10 years ago?

The biggest piece of advice I would give myself is not to be afraid to meet people. Everyone is essentially the same and needs to get to know each other. Networking is the best thing ever. And of course, worry less about the opinion of strangers about you. This means absolutely not thinking about what others think about you: those around you, friends and others. Do what you like and go where it’s scary. This is my favorite expression. I always try to upgrade, and for my development I go where there is fear. For example, a year ago I could not imagine myself on stage. It was my biggest childhood fear. Psychologists have proven by the way that stage fright is very similar to the fear of death. That is almost the same. And so I gave myself this task to overcome this fear to go on stage, and also to organize this forum. Now I love the stage, I love performing even though I get scared and nervous every time. But nevertheless, I realized that I really like it. And people love it. Although it was not an easy test for a blonde girl to perform on stage for the first time with the topic of cryptocurrencies in front of an audience of 100 people in the center of Bali. I overcame him. It turned out great, people love it. On my YouTube channel there are videos of me performing. To all this, I proved my expertise. If earlier some people said that I have a scenelist, I read from a piece of paper, I have a producer and so on. This is a robot! This is not Tanya! She has no brains! Etc. Then when I went on stage, I could speak for an hour with an analysis of tokenomics, for example, without prompts, of course, without sonorous text, and answer questions from forum participants for half an hour. Although I did not prepare and did not know what kind of questions they would ask me. People then realized that I was real, I have knowledge. Thus, I confirmed my expertise.

15. Do you have a dream?

Now everything is relative. What I dreamed of half a year, a year ago does not make sense at all. Now the biggest dream is that there is no war in my country and that all my closest relatives remain alive. What could be more important than people’s lives? I don’t think there is anything more important. No money, no travel, nothing. And before the war started, I loved traveling. My dream was to travel all 193 countries in the world in my whole life. To visit everywhere, not in every city but in every country.

16. What projects are you currently working on? What are you planning to do in the future?

I want to fulfill myself even more, to receive awards and titles. At the moment, I am not so interested in the financial component in the crypto world as the titles that I can achieve in a very difficult way. For example, it took me at least 6 months to get the Polkadot ambassadorship, four of which they blocked me and didn’t even answer me. Until I got through to an English-speaking guy and he accepted my profile for ambassadorship. This was the most difficult thing, since everyone thought that I was some kind of scammer who was writing for no reason. They did not perceive me absolutely as a candidate for ambassadorship. After everything that happened, I am very proud of this status. My plans are to develop more and work with fundamental projects. Collaborate with cool projects that are in the TOP10 Coinmarketcap (for example). Be on different forums. Expand my social circle. Get to know the founders of new projects personally. Independently create and organize something interesting. For example, now I am a co-organizer of conferences in Bali. My partner and I have already held 3 conferences. Next, we plan to create a crypto forum in Dubai and Turkey. We plan to expand these areas so that people can communicate with each other, communicate with speakers, learn about the crypto world, get to know each other, and so on. We also opened sales of IDO courses and there was a private group where we gathered people for a private sale. But now we have decided to create one large private group with several directions: NFT, Airdrop, Spot, Academy, two training courses, and so on. We have created a larger product where 7 people are administrators, where many people are involved. And we want to point people in the right direction in this way. Administrators will help and suggest what, where, where is the scam, where are the good projects, where is the market heading. A trader from the SPOT channel will tell how he sees the same Bitcoin chart, where which coin can be bought to make money on it. We’ve put it all together in one big package.

17. The main question of the crypto world: where bitcoin is heading? To the moon or from the moon?

Unfortunately, from the moon. I think that we will reach $20,000 for 1 bitcoin and at this level I will start buying. There is such a very brutal expression “Arrange buckets.” This means setting purchase limits. If the price goes even lower, then average. But still buy, buy and buy again. Then keep at least half a year until the moment when it all grows 3 or even 4 times.

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World’s Top Footballer Cristiano Ronaldo Signs A Partnership With Binance: Details

 

An Exclusive Partnership with Binance has been signed by Cristiano Ronaldo.


Binance has recently made the announcement that they have entered into a unique, multi-year NFT collaboration with the legendary Portuguese footballer Cristiano Ronaldo.

Binance will use this cooperation to conduct a worldwide campaign with the goal of providing Ronaldo’s followers with an introduction to Web3 and an enticing entry point into the realm of non-fungible tokens (NFTs).

Binance and Cristiano Ronaldo will work together to produce a number of NFT collections during the life of the partnership. These collections will only be available for purchase on the Binance NFT platform. According to the press release, the first collection from NFT will be available later this year and will comprise designs created in collaboration with Ronaldo.

Binance CEO Says:

“Cristiano Ronaldo is one of the world’s best footballers and has transcended sport to become an icon in multiple industries. He has amassed one of the world’s most dedicated fan bases through his authenticity, talent, and charity work. We are thrilled to provide his fans with exclusive engagement opportunities to connect with Ronaldo and own a piece of iconic sports history.”

Cristiano Ronaldo, for his part, said that his connection with the fans is extremely important to him. As a result, the concept of offering fans access to previously unattainable events and opportunities via the NFT platform is something that Ronaldo wants to be a part of. He has complete confidence that the audience will like the collection just as much as he does.

“My relationship with the fans is very important to me, so the idea of bringing unprecedented experiences and access through this NFT platform is something that I wanted to be a part of, I know the fans are going to enjoy the collection as much as I do.”

Crypto Icon John McAfee’s Body Still in Spanish Morgue a Year After Death

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One year after John McAfee was discovered dead in his jail cell, his corpse remains in a Spanish morgue.



Reuters report that according to officials and McAfee’s attorney, a year after the software entrepreneur John McAfee passed away, his corpse is still held in a Spanish mortuary. This is because a court lawsuit that was filed by his family to require more checks has not yet been settled.

The results of the post-mortem indicated that he had committed suicide; however, McAfee’s wife insisted that he was not suicidal and that she would look for explanations. The conclusions were contested by his family, but their request for more investigations was turned down.

And despite the fact that McAfee’s family members filed an appeal against this judgment, a court ultimately decided that his corpse could not be sent to his family until the outcome of the appeal was determined.

It took the Spanish authorities eleven months to issue a death certificate and decide what should be done with his remains due to the glacial speed at which they proceeded while making their judgment. It seems that his remains are still being held in storage close to Barcelona for the time being.

The authorities hinted early on this year that a definitive verdict on the status of McAfee’s remains would come this year after Janice McAfee, John’s wife, challenged the decision made in February by a Spanish court that found that McAfee’s death was a suicide. The judge had concluded that McAfee’s death was the result of a suicide.

Lawyers representing John McAfee’s daughter and ex-wife have been attempting to get the release of their client’s remains for the better part of a year. The preliminary findings of the autopsy pointed to suicide as the cause of his death, and a Spanish court agreed with those findings.

Janice McAfee stated she only saw John’s head at the morgue after his death. She stated a covering covered his body. She says John was killed in a jail near Barcelona after being captured by Spanish officials on a U.S. extradition request.

Background

Mcafee was wanted in the USA for multiple crimes that made him leave the US years ago and was wandering in different countries of the world.

Mcafee was caught in Spain, As the trial began Spanish court ordered Mcafee’s extradition to the United States on tax evasion charges at the request of the US.

He was discovered dead in his jail cell on June 23 of last year, just hours after Spain’s supreme court authorized his extradition to the United States. McAfee released the world’s first commercial anti-virus software in 1987.

Moments after McAfee committed suicide in a Spanish prison, there have been numerous twists surrounding his death from his ex-wife and daughter.

Despite sources stating that McAfee committed suicide in a Spanish prison, Janice McAfee blamed the United States government for his death saying:

“US OFFICIALS ARE DETERMINED TO HAVE JOHN DIE IN PRISON TO MAKE AN EXAMPLE OF HIM FOR SPEAKING OUT AGAINST THE CORRUPTION WITHIN GOVERNMENT AGENCIES.”

Do Kwon Says Terra (LUNA) Wipeout Cost Him Nearly All of His Money

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Do Kwon Lost Nearly All His Money in Terra Crash.



Do Kwon, who is controversial and was one of the founders of Terra, recently gave an interview to The Wall Street Journal in which he said that he was “devastated” by the failure of the project. He has the utmost confidence that the tens of thousands of investors who have been adversely impacted by the collapse will look for themselves.

WSJ writes:

“He lost nearly all his net worth in the crash. But according to him, This doesn’t bother him, as he lives a fairly frugal life.”

Terra’s Do Kwon further Tells Wall Street Journal He Is Not A Fraudster And Is Reeling In Regrets For His Arrogant Utterances In the Past.

Do Kwon built a cryptocurrency empire on the back of bravado and an intense following on Twitter. This empire was destroyed in a crash that cost $40 billion only a month ago. Now, in spite of irate investors, investigations by regulatory agencies, and a decline in the value of cryptocurrencies, the South Korean entrepreneur is seeking to make a return.

Kwon, who is well-known for the caustic nature of his tweets, has expressed sorrow for certain things that he may have written in the past. On the other hand, he is certain that the company will be able to chart a course to a prosperous second act if given the opportunity.

Kwon is certain that Luna 2.0, the latest edition of the contentious crypto, would be able to achieve more success than the first project, which was scrapped a month ago due to financial difficulties. According to him, a large number of developers are getting ready to release their applications on the blockchain network.

Terraform Labs and Kwon Facing Legal Troubles

In related news, South Korea and the United States investigators have been investigating the circumstances behind TerraUSD’s demise. The tragedy resulted in the loss of money for thousands of investors throughout the world and triggered a larger collapse in the value of cryptocurrencies.

According to a report from Bloomberg on June 9, the United States Securities and Exchange Commission is looking into whether there was a violation of federal rules regarding the protection of investors in the marketing of TerraUSD before it collapsed. The response from Terraform Labs to the Journal was that the company would not comment on any ongoing investigations.

Binance CEO: Bitcoin Could Take 2 Years To Bounce Above $69k ATH

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The current market downturn could last months or even years and keep Bitcoin under ATH, says CZ.



Since the beginning of the year, the crypto market has seen a downward pressure that led to the majority of coins losing upwards of 70% of their previous values. Bitcoin, being the top coin, hasn’t been spared the carnage. BTC has lost over 55% of its value since January 2022. In late 2021, Bitcoin had spiked to around $69k. Today, crypto is valued at around $20,500 per piece.

Binance CEO, Changpeng Zhao CZ, told The Guardian that the turmoil in the crypto market may not be ending any time soon. However, he stopped short of predicting the actual future and figures, saying that at the moment, it’s hard to predict the future of space. However, he opined that BTC’s price is bound to keep below the ATH point of $69k for some time – which could be months or even two years.

“I think given this price drop, from the all-time high of 68k to 20k now, it will probably take a while to get back. It probably will take a few months or a couple of years, however no one can predict the future”.

“$20k Is Very Low Today”

Going on, CZ said that the current market value for Bitcoin is low although not an entirely bad price. He proved this point by arguing that back in 2018 or 2019, people would celebrate if someone told them that Bitcoin would be worth $20k in 2022.

This is because, in 2018 and 2019, the crypto market went through a harsh winter that brought down BTC prices from a high of $20k to a low of $3k. In fact, that reduction ratio is way more than the current decrease from $69k to $20k.

“In 2017, we thought 20K was crazy high. Today, we think 20K is painfully low. The industry is growing,”

Price Fluctuations Are Normal

Based on these points, CZ is of the opinion that fluctuations in the crypto market is a normal thing. Prices go up when there’s a bull run, and they go down during a bear market. As a matter of fact, the industry has established the two market cycles, with the halving period marking the center.

“Historically, we see 4-year cycles, roughly 2yr bear, 2yr bull. But history may not predict the future. And I can’t predict the future.”

What’s Going On?

However, a few other factors have affected BTC and the crypto market in general. The hiking of interest rates by central banks is one of them. The rise of inflation is another. Also, the global economy seems to be entering a period of recession. With all these factors in play, any investments that are perceived as risky become unattractive.

Binance Enables Price Tracking for Shiba Inu Ecosystem coin ShibaSwap (BONE), Is A Listing Coming?

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Users can now track the price of Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem on Binance.

Shiba Inu Community is expecting a potential listing of BONE for trading purposes on Binance afterward.

Binance, the world’s biggest Bitcoin exchange and altcoin crypto exchange in the world by trading volume has recently enabled price tracking for Bone ShibaSwap, the governance token of the Shiba Inu ecosystem.

bone on binance

 

Following this, Shiba Inu supporters begin to expect a potential listing of Bone ShibaSwap on the world’s leading crypto exchange in terms of the trading volume for trading purposes.

Binance has shown its love towards the most popular canine-themed token many times before. This month, Binance Learn and Earn has launched a mega promotion to award new users with 45K SHIB tokens with 100% APY.

BONE started getting a lot of traction as the news about the potential launch of Shibarium is under discussion all across social media platforms.

At the start of the month of June, Seychelles-based BTCEX Exchange officially announced the listing of Bone ShibaSwap (BONE).

BONE will play an important role in Shibarium. The token will reportedly be used as the native “Gas Token” on SHIB Layer 2 solution, which will provide the necessary functionality to process/execute smart contracts and transactions. BONE is currently acting as the governance token of ShibaSwap, allowing the SHIB Army to vote on upcoming proposals. The more BONE the user holds, the more weight their vote carries in these future endeavors.

Bitcoin Cash Scores A Big One As The Bitcoin Of America Adds BCH To Crypto ATMs

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Bitcoin Cash (BCH) will now be available for purchase at crypto ATMs controlled by the Bitcoin of America.



Utility cryptos are gaining traction in the market every day. Various business outlets and organizations, including institutions, are now accepting them for payments. The latest coin to attract attention is Bitcoin Cash (BCH).

BCH is a Bitcoin hard fork that came into existence back in 2015. It later underwent its own hard fork, breaking the chain in two – the current BCH, and Craig Wright’s BSV. However, BCH seems to be gaining much more popularity than BSV.

Now, Bitcoin of America has decided to include Bitcoin Cash among the popular cryptos offered for sale via crypto ATMs. Bitcoin of America is an organization that acts as an exchange point for select virtual currencies. The company operates around 2,500 such ATMs spread across 31 states in the US.

Not The First Coin

Apparently, Bitcoin Cash isn’t the first crypto coin to be spotted and added to ATMs by the Bitcoin of America. Others that have come before BCH include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), and Dogecoin (DOGE).

To expand its business, Bitcoin of America offers interested store owners a chance to earn passive income by installing a crypto ATM at their location. Besides the passive income, the store benefits from the increased traffic and attention driven by the presence of ATMs.

It’s Good For BCH

The addition of BCH to ATMs is good for the coin, both in the short term and long term. First off, Bitcoin of America is known to only add cryptos that have proven useful to the community and have traction in terms of popularity and acceptance. Adding BCH proves that the coin has succeeded in these parameters. As a matter of fact, BCH is already being accepted as payment in various public places, including airports and restaurants across the world.

As can be noted from market stats, cryptos that have been added to ATMs tend to gain even more popularity. A case in point is the addition of Dogecoin and Shiba Inu. The two coins are now the top meme coins in the industry, and their teams are working on increasing their utility to be like BTC and ETH. Now, BCH is on this path as well. However, it’s not immediately clear whether this development will affect the crypto’s price, especially during this downturn. As of now, BCH is worth around $116.

Ripple Partner Nium Collaborates With Stellar to Facilitate Payouts to 190 Countries

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The Ripple partner has made significant moves to expand its payment services to more countries beyond Southeast Asia.


Ripple partner Nium has ventured into a partnership with the Stellar Development Foundation (SDF) in a bid to facilitate fiat payouts to more countries outside Southeast Asia.

Nium noted that the initiative will enable businesses to process fiat payments to 190 countries on the Stellar network at a relatively faster pace than what is obtainable in the traditional financial industry.

Businesses will also be able to conduct transactions more conveniently, accelerate the receipt of funds, reduce settlement risks, as well as eliminate the traditional pre-funding requirements of their local treasuries.

Nium Boosts Its Services Using RippleNet

Joaquin Auyso, head of Nium Crypto, said the company has over the years bolstered the scale at which it offers cross-border settlements and also the speed at which it helps businesses deliver payments to their clients.

It is noteworthy that Nium recorded a massive expansion in its businesses following its recent adoption of RippleNet.

“Our approach to the modern money movement in Stellar innovates on legacy approaches well past their prime. It showcases both Nium’s global reach and real-time payment capabilities to a thriving network of business leaders and innovators,” Auyso added.

Stellar Clients to Benefit From the Initiative 

Notably, Nium has developed an API connection that is in line with the Stellar interoperability standard, thus providing Stellar Network clients with a suite of payment services.

Per the announcement, the partnership is imperative for clients who will benefit from the services offered by both clients. Nium stated that it will connect businesses to new markets, helping them leverage the fiats on/off ramps, which is essential in expanding into new markets.

Reacting to the development, Denelle Dixon, CEO and Executive Director of SDF, said:

“At SDF, we are always working to fill up the map and connect the network to more of the globe. Together with Nium, we are thrilled to expand the reach of the Stellar network so significantly.”

Dixon added that the collaboration goes to show the power of blockchain-based payment solutions, which brings more value to the existing global financial system.

Nium Enhances Its Operations Via Ripple

Launched in 2014, Nium has been focused on offering an efficient and transparent payment system to its growing clients. The company recently joined RippleNet to process real-time transactions at a relatively low cost.

Prajit Nanu, the co-founder of Nium said: “Through Nium’s use of Ripple in the Philippines and Mexico corridors, we have been able to eliminate pre-funding requirements and offer faster remittances at a lower cost.”

Binance To Temporarily Hold Tezos Operations In 4 Days

 

Binance Pledges Support For The Upcoming Tezos Network Upgrade.



The Tezos network is implementing an upgrade and Binance exchange is preparing to support it.

Tezos (XTZ) has announced that it will be upgrading its network on 27th, June, 2022. The upgrade, dubbed “Jakarta 2,” will be the 10th upgrade the network has undergone. According to an update by Tezos, the upgrade proposal has already been approved by the community.

The upgrade will need support from exchanges like Binance. On its part, Binance exchange has issued a statement, saying that it will support the upgrade.

“Jakarta 2”

According to Tezos, the Jakarta 2 upgrade is meant to solve issues and flaws within the network. All reported bugs will be fixed to improve the efficiency and security of the network. These flaws could allow an attacker to manipulate and possibly stall the network if left unsealed. The Tezos team wants to prevent this from ever happening.

“we reported two critical bugs in the original Jakarta protocol proposal 11, affecting the implementation of the experimental Transaction Optimistic Rollups (TORUs) 9 feature. Fortunately, we have been able to confidently fix both issues”

The upgrade is expected to occur at Tezos blockchain at block 2,490,369 on the 27th of this month of June at around 23:27 UTC.

Binance Support

Binance has already said it will play its part to support the upgrade. As such, all withdrawals and deposits for XTZ will be suspended prior to the upgrade and will be re-opened once the upgrade is in place and the network has stabilized.

“The Tezos (XTZ) network upgrade will take place at the Tezos block height of 2,490,369, or approximately at 2022-06-27 23:27 (UTC). Deposits and withdrawals of XTZ will be suspended approximately starting from 2022-06-27 22:27 (UTC).”

However, XTZ trading will not be affected during that time. The exchange will also handle all technical needs for user accounts associated with Tezos.