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Galaxy Digital CEO, Mike Novogratz,: “When there’s bad stewardship of economies, Bitcoin provides a great alternative”

Albert Brown
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Galaxy Digital CEO, Mike Novogratz,: “When there’s bad stewardship of economies, Bitcoin provides a great alternative”

Galaxy Digital CEO: Bitcoin Will Be a Store of Value for Everyone.



Mike Novogratz, CEO of Galaxy Digital, said Bitcoin would not eventually be a global currency, rather he thinks the cryptocurrency will be a store of value, as more people would adopt it to preserve the value of their net worth. 

With Bitcoin eventually being regarded as a store of value, more people globally would flock to the market to get a piece of the action. 

Citing the ongoing war that has caused the value of the Russian ruble to dip significantly due to the many sanctions that have been slammed on the country, Novogratz said people who still have their wealth in the ruble would feel unhappy based on the underperformance of the rubble. 

“If you were in Russia, you would feel pretty stupid having all of your money in rubles,” Novogratz was quoted as saying in a CNBC Squawk Box interview. 

For the popular Bitcoin proponent, the world’s largest cryptocurrency provides solutions to several financial crises that stem from poor leadership. 

“When there’s bad stewardship of economies, #Bitcoin provides a great alternative,” he added. 

Novogratz, who believes Americans are using Bitcoin as a hedge against inflation, said many would stop buying BTC if the relevant authorities are able to cut down on inflation rates, which seems unlikely to happen anytime soon. 

Novogratz Supporting Bitcoin

The Galaxy Digital boss has been a major proponent of Bitcoin for years and has lent his voice in support of the cryptocurrency on several occasions. 

Novogratz was among the financial experts who predicted that Bitcoin would rally in late 2021. Earlier this year, Novogratz, in response to Peter Schiff’s prediction that Bitcoin would trade below $30,000, offered a $1 million bet saying that BTC would be above $35,000 by January 2023. 

 

The Indicator That Correctly Indicated Bitcoin Top At $69K, Now Hints Buy Opportunity

Albert Brown
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The Indicator That Correctly Indicated Bitcoin Top At $69K, Now Hints Buy Opportunity

TD Sequential Hints Buy Opportunity for Bitcoin (BTC).



The TD sequential indicator is suggesting that now is the ideal time to buy the world’s largest cryptocurrency by market capitalization Bitcoin (BTC). 

According to popular cryptocurrency analyst and trader Ali Martinez, the TD sequential has been accurate for Bitcoin in the bi-weekly chart, correctly forecasting various tops and bottoms for the asset class. 

A closer look at the chart shows that the indicator correctly predicted Bitcoin’s all-time high of above $69,000 which was recorded in November 2021. 

The TD sequential is mostly used to identify the turning point in the price trend of an asset. In simple terms, the indicator spots the price level where a downtrend or an uptrend exhausts itself and makes a reversal. 

Per the chart provided, Martinez noted that BTC is at the turning point where it would make a full reversal from the downtrend it has endured in recent times. 

“The TD Sequential has accurately anticipated market tops and bottoms on BTC bi-weekly chart. It was even able to forecast the Nov. 2021 top when BTC was trading at an ATH of ~$69,000. It now presents a buy signal for $BTC,” Martinez tweeted. 

Bitcoin and the whole crypto market passed yesterday another important pressure test. The FED Reserve raised the rates by 25bps.

It is worth noting that Bitcoin has been consolidating between the levels of $38,000 and $41,000 in the last two weeks and expectations are high that the cryptocurrency could surge soon. It is not certain that Bitcoin will hit its ATH when it eventually surges, but many players in the industry expect BTC to reach $100,000 this year.

Bitcoin had some interesting few weeks with spikes to 44k and 42k, which were quite rapidly sold. The good part about this Price Action is that the dips were bought even more aggressively than the price pumps.

The levels to keep a close eye on are: $37k and $35k on the downside and $40k, $42k, and $44k to the upside. A daily close above the $44.5k area will expose $46k and potentially $50k.

Bitcoin held up remarkably well in the past month, showing that it’s becoming a maturing asset that can withstand headwinds and people understand more and more its superior properties vs all types of FIAT.

Since Bitcoin reached its all-time high of $69,044, the cryptocurrency has fallen 40.7% since and is currently trading around $41,000 at press time.

Polygon to Launch Heimdall v.0.2.8 Upgrade This Week to Completely End Network Outage

Albert Brown
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Polygon to Launch Heimdall v.0.2.8 Upgrade This Week to Completely End Network Outage

Polygon to Launch Heimdall v.0.2.8 Upgrade.



Following Polygon’s network outage last week, the blockchain project has announced that it will implement a hard fork on Heimdall, which will see the system upgraded to v0.2.8. 

The unexpected network upgrade is expected to be completed before altitude 8664000, at approximately Friday, March 18, 2022, around 10:30 AM UTC.   

The popular layer-2 Ethereum scaling solution suffered a network outage that lasted for more than 11 hours on March 11th, with the network not producing a new block throughout the outage. 

On March 15th, Binance suspended Polygon deposits withdrawals to sync nodes for a limited period of time.

The issue started after the network completed a technical upgrade, causing the inability of Polygon to achieve consensus. 

Announcing the unfortunate development to its community at the time, Polygon said: 

“We suspect there may have been a bug in the upgrade which affected consensus and caused different Heimdall validators to be on different versions of the chain, thereby not reaching 2/3 consensus.” 

To provide a temporary solution to the issue, Polygon unblocked the bor and created a few spans that replicated the previous one before the network stopped working. 

The created spans are expected to function until March 20, 2022. However, to avoid encountering any further issues, Polygon wants to ensure that Heimdall is functioning as it should. 

Based on this, it would be launching the Heimdall Hard Fork, hoping that the upgrade would create a lasting solution to the network outage. 

Travala.com Partners With Poolz Finance to Integrate Poolz Into It’s Ecosystem

Mark Brennan
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Travala.com Partners With Poolz Finance to Integrate Poolz Into It’s Ecosystem

Grenadines, SaintVincent, 17th March, 2022, DeFi leading launchpad, Pool Finance, is announcing its collaboration with the world’s leading cryptocurrency-friendly online travel agency, Travala.com. Both entities will partner to integrate Poolz Finance’s token (POOLZ) to Travala’s network.

Through the partnership, holders of POOLZ will be able to participate in a cheaper, fairer, and more inclusive travel economy. In addition, Travala’s native AVA token and the POOLZ token will be utilizing Travala.com’s corporate account services for the company’s internal travel requirements.

The integration will enable POOLZ token holders to book over 2.2 million hotels and homes, 600+ airlines, and 40,000+ activities in more than 230 countries. This utility propels  POOLZ’s mission forward, expanding the token’s use cases and capturing further value through new applications of the token’s unique technology.

Being able to save up to 40% on Travala.com products compared with other online travel agencies, and a  total of over 3 million travel products will soon be at the fingertips of POOLZ token holders worldwide, increasing the exposure of Poolz Finance’s ecosystem to an ever-expanding user base.

Liam Cohen, CMO & Co founder at Poolz Finance, said: We are excited to partner with a leading crypto brand as Travala. This collaboration will enable POOLZ token holders to spend their tokens on thousands of hotels, retailers, airlines, and activities boosting POOLZ’s token utility! We see this integration as a very important step to further bridge the gap between blockchain and real-life uses cases.”

Juan Otero, Travala.com CEO, said “In continuing our commitment towards mass cryptocurrency adoption, we’re very excited to partner with Poolz Finance to champion the growth of the crypto community and to bring a new use case to POOLZ. The team impressed me with their vision for their business, and I have no doubt that we will see them making waves in the crypto community.”

Travala.com, Founded in 2017 and now backed by industry-giant Binance, Travala.com is the leading cryptocurrency-friendly travel booking service with 2,200,000+ properties, 400,000+ activities in 230 countries and 600 airlines globally. Travala.com is a champion of cryptocurrency adoption, accepting over 50 leading cryptocurrencies along with traditional payment methods.  AVA, the native cryptocurrency of the platform, bolsters Travala.com’s value proposition. The AVA token can be used for payments, receiving loyalty rewards, and obtaining discounts and bonuses, among several other use cases. In addition to unbeatable prices via its Best Price Guarantee, Smart users on Travala.com can also enjoy additional discounts and loyalty rewards for eligible bookings made on the platform.

For more information about Travala.com, visit: www.travala.com.

For more information about AVA, visit: www.travala.com/ava

Poolz is a decentralized fundraising and cross-chain launchpad. It is a hub for DeFi apps, enabling them to unravel the power of blockchain. Poolz Venture is an investment fund set up by the core team at Poolz to further build on the core Poolz vision.

For More Info Visit:

Website: https://www.poolz.finance/
Medium: https://poolz.medium.com/
Twitter: https://twitter.com/Poolz__
Telegram: https://t.me/PoolzOfficialCommunity
Telegram Announcements: https://t.me/Poolz_Announcements

Six Leading Crypto Exchanges Binance, Coinbase, FTX, Huobi, OKX, and Kraken to List ApeCoin (APE) Today

Mark Brennan
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Six Leading Crypto Exchanges Binance, Coinbase, FTX, Huobi, OKX, and Kraken to List ApeCoin (APE) Today

Six Leading Cryptocurrency Exchanges to List ApeCoin (APE) Today.


 

Following the announcement of the launch of ApeCoin (APE), a new native cryptocurrency of the APE ecosystem, several leading crypto exchanges have declared that they would list the token. 

Cryptocurrency exchanges such as Binance, Coinbase, FTX, Huobi, OKX, and Kraken have all announced that the token will be listed on their platform today around 14:30 UTC. 

According to world’s largest cryptocurrency exchange Binance, several trading pairs including APE/BTC, APE/BUSD, and APE/USDT will begin trading around 14:30 UTC today. 

Crypto Traders Eagerness to Own APE

The listing of ApeCoin across multiple cryptocurrency exchanges prompted the token to trend on popular microblogging platforms, with users looking for means to own some units of the cryptocurrency before trading commences. 

Several cryptocurrency enthusiasts, in a bid to get in on the action before official trading commences, hurriedly bought another cryptocurrency called APEcoin.dev that is based on the Binance Smart Chain. 

The mistake stems from the fact that the cryptocurrency shares the same name and ticker as ApeCoin. At the time of writing, APEcoin.dev is already up over 100%, according to Coinmarketcap data. In a bid to quickly own a piece of the token, they went and purchased a wrong APE, causing its price to pump over 100% which has nothing to do with today launching ApeCoin (APE) which belongs to BAYC.

What is ApeCoin 

Meanwhile, ApeCoin is the native governance token of the APE ecosystem. The same team developed the token that created the Mutant Ape Yacht Club (MAYC) and BAYC non-fungible tokens (NFTs). 

As announced by the APE team, 15% of the token will be distributed among holders of BAYC and MAYC. Other distribution models of APE include 47% to the treasury, 16% to the Yuga Labs and charity, 8% to the founders of BAYC and MAYC founders, and 14% will be issued to the launch contributors.  

Apecoin Price:

According to Wu Blockchain: ‘BAYC’s APECOIN listing on FTX has reached a maximum of $40, and it is currently fluctuating between $10-20. Users who hold BAYC will airdrop 10094 APE; users who hold MAYC will airdrop 2042 APE. FDV has exceeded 10billion, and it can already be ranked in the top 20 cryptos.’

 

Users Can Now Trade USDT and USDC on Ripple’s XRPL DEX 

Mark Brennan
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Users Can Now Trade USDT and USDC on Ripple’s XRPL DEX 

Users Can Now Trade USDT and USDC on Ripple’s XRPL DEX.



Ripple’s XRP Ledger (XRPL) decentralized exchange now offers trading support for two more stablecoins, Tether (USDT) and USD Coin (USDC) via the GateHub gateway. 

Following the support of USDT and USDC, XRPL DEX users can now exchange the stablecoins for Ripple’s native cryptocurrency, XRP. 

In a bid to celebrate the development, GateHub noted that users will not be required to pay any fee for the newly listed stablecoins while trading for the next 90 days.  

XRPL DEX’s Features Makes it Suitable for Stablecoins 

Interestingly, the XRPL DEX could gradually become a home for stablecoins in the near future. 

Aside from USDC and USDT, which are pegged to the United States Dollars, plans are on the way to adding the first euro-backed stablecoin to the decentralized exchange.  

Commenting on the addition of USDT and USDC to the platform, David Schwartz, Ripple CTO noted that the XRPL DEX’s core features have made it the ideal destination for stablecoin issuers. 

According to Schwartz, in order to get a stablecoin listed on the platform, the issuer only needs to create an issuing account and set configuration options for the new account and the stable digital currency. 

Schwartz, who was one of the original architects of the XRP Ledger, noted that the solution was originally built for payments, allowing counterparties like the government, central banks, and stablecoin issuers the ability to settle transactions at a cheaper rate. 

“Such counterparties are why one universally agreed-upon stablecoin is highly unlikely. There are a few reasons for this, but mainly because stablecoins have an issuer as a counterpart that does not allow them to interoperate across payment networks and jurisdictions,” Schwartz said in a Twitter post today. 

 

However, the Ripple CTO said counterparty-free digital currencies like the XRP and Bitcoin (BTC) provide a solution to this problem, as this asset class acts as a bridge for instant payments without the need of a counterparty. 

Spanish Medical And Nutritional Consultation Company ‘Nutrymet’ Now Accepts Shiba Inu As Payment

Zabi
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Spanish Medical And Nutritional Consultation Company ‘Nutrymet’ Now Accepts Shiba Inu As Payment

‘Nutrymet’ now accepts Shiba Inu as payment.



According to Shiba Inu Official Spanish Twitter handle, Nutrymet, the Medicine and Nutrition Company, has officially accepted Shiba Inu (SHIB) as a form of payment method.

According to the official website of Nutrymet, the company provides medical consultation and nutritional advice to the people of Spain under the supervision of Elena Téllez Suárez, who is a specialist in Family and Community Medicine with a Master in Human Nutrition and Dietetics.

Nutrymet has a social presence on Instagram and Facebook. Besides this partnership, Vita Plus, a privately operated ambulance service in Turkey, declared the acceptance of the Shiba Inu token as a form of payment method in exchange for their services.

On March 14, a major car dealership in New Jersey named ‘$499 Down Now’ accepted all native cryptocurrencies of Shiba Inu, including SHIB, BONE, and LEASH, as a form of payment method.

Small businesses around the world are increasingly accepting Shiba Inu as payments. This is a significant boost to the Shib ecosystem, and the coin is imaging itself as a payment method rather than a meme coin.

Other than small businesses, top companies are also racing to accept shib as payment. Today New York Based NOYACK Logistics Income (NLI) Becomes First REIT To Accept Shiba Inu As Payment.

Another tremendous engagement that is still building is the Turkey Minister of Economy Discussion about Shiba Inu with community members, lets’s see what the future brings…

Ripple CEO: SEC Has Reduced Crypto Industry Competitiveness, U.S. Only Country In World That Considers XRP Security

Albert Brown
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Ripple CEO: SEC Has Reduced Crypto Industry Competitiveness, U.S. Only Country In World That Considers XRP Security

Ripple CEO: President Biden’s Cryptocurrency Executive Order Is a Win for the Broader Industry Ripple and SEC have reduced the Competitiveness Of the Crypto Industry, As The Only Country in the World That Considers XRP security is the U.S.



In a recent interview with Bloomberg, Brad Garlinghouse, CEO and founder of Ripple, applauded President Joe Biden’s administration for releasing the cryptocurrency executive order, which provides some sort of regulatory clarity for the industry. 

The cryptocurrency executive order, which recommends that all relevant United States federal agencies collaborate with each other, contravenes what has been practiced in a country where different regulatory bodies have diverse views on cryptocurrencies. 

Interestingly, the recommendation that all relevant agencies should collaborate and establish a general rule for the cryptocurrency industry would see the nascent space thrive, while protecting investors from the possible risks that may arise from using digital currencies. 

SEC’s Crypto Regulatory Approach Has Reduced the Industry’s Competitiveness 

“I think [the executive order] is a victory not just for Ripple but also for the whole cryptocurrency industry because the SEC has consistently tried to expand its control over the crypto industry [as seen in its previous actions],”  Garlinghouse said. 

Ripple CEO added that the SEC’s approach of going hard on cryptocurrencies has reduced the competitiveness of the nascent industry as every crypto-related firm is more focused on avoiding getting into trouble with the securities agency. 

“There is no question that SEC has reduced the Competitiveness of this critical industry (crypto) in the United States. I think they have been acting out of their range. The only country in the world that considers XRP security is US, we work successfully in UK, Switzerland, Japan, UAE, Singapore, all of these countries have acknowledged that XRP is a currency. So if you want the US to be a leader in this innovative industry, we need that regulatory clarity.

Calls for Regulatory Clarity Ignored

The broader cryptocurrency industry in the United States has on several occasions called for regulatory clarity from the SEC in a bid not to avoid breaching its laws. 

Unfortunately, these calls have been neglected, with the SEC maintaining that its rules are clear and it determines which assets constitute security. 

Several crypto firms, including Ripple, have fallen prey to a lack of regulatory clarity from the SEC. 

While other firms are trying to avoid getting into a lengthy legal battle with the agency and complying with every directive from the SEC, Ripple did not take a similar approach as it continues to show its determination to prove the securities regulator wrong this time. 

Ripple is confident that its cryptocurrency, the XRP, is not a security but a currency because other countries, including the United Kingdom, United Arab Emirates (UAE), Switzerland, etc deem the cryptocurrency as a currency. 

However, it is only the United States that still considers XRP to constitute a security. 

As the lawsuit progresses, Ripple intends to use the Fair Notice Defense to prove that the SEC never gave it any prior notice, which is clearer regulation, that its cryptocurrency offering would breach its rules. 

Top Ethereum Whale Bought 271 Billion Shiba Inu Worth $6 Million

Zabi
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Top Ethereum Whale Bought 271 Billion Shiba Inu Worth $6 Million

Top Ethereum wallets are always hungry for Shiba Inu.



A gigantic Ethereum whale has just purchased over 271 billion Shiba Inu (SHIB) tokens, worth $6.08 million.

As per recent data released by WhaleStats, the 208th biggest whale of Ethereum has just made one significant transaction and bought 271,370,420,624 (271B) Shiba Inu tokens, worth $6,086,838 ($6M).

Looking deep into the Whales wallet, we found that other than shib, whale currently holds a $218,469,791 ($218M) value of cryptocurrency in his wallet. The central part of his investment portfolio mainly comprises two stablecoins, i.e., USD Coin (USDC) and Tether (USDT), indicating more purchasing may come in the near future.

She currently holds $197,769,664 ($197M) worth of USD Coin and $18,886,072 ($18.8M) worth of Tether (USDT) in his wallet.

Besides this gigantic purchase, the 15th biggest whale of Ethereum accumulated 50,736,574,302 (50.7B) SHIB tokens, valued at $1,106,564 ($1.1M) yesterday in one large transaction.

In this way, during the last 48 hours, 322,106,994,926 (322B) SHIB tokens worth $7,193,402 ($7.1M) have been accumulated two massive transactions carried by top Ethereum whales.

Shib is up 3.6% in 24 hours, trading at $0.00002253.

New York Based NOYACK Logistics Income (NLI) Becomes First REIT To Accept Shiba Inu As Payment

Zabi
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0
New York Based NOYACK Logistics Income (NLI) Becomes First REIT To Accept Shiba Inu As Payment

NOYACK Logistics Income (NLI) will be the first-ever real estate investment trusts (REIT) that will accept Shiba Inu (SHIB) as payment from now onwards.



According to Business Insider, NOYACK Logistics Income (NLI), a $200M real estate investment trust investing in diversified supply chain real estate, partnered with BitPay, to accept cryptocurrency payments.

NOYACK Capital is an alternative investment platform that allows institutional-grade private investments to be accessible to all investors. NOYACK has offices in New York, Denver, and LA.

The integration of BitPay payments makes it possible for investors where they can divide investment between crypto and traditional currency according to their liking. Investors can select their preferred wallet or exchange, choose a cryptocurrency, scan a QR code or manually enter payment details; the process can quickly be done on a mobile device.

CJ Follini, CEO of NOYACK Capital: “This partnership is an essential way to connect with today’s investors to include investment real estate and cryptocurrency in their retirement accounts,” 

Stephen Pair, CEO of BitPay: “This is another example of moving crypto mainstream. More investors are asking to move cryptocurrency allocations into physical assets like real estate. This ability puts Noyack at the forefront of alternative investment management,”

Looking into the details, we come to know that through this partnership, the NLI becomes the pioneer REIT that enable investors to seamlessly convert digital cryptocurrency into tangible assets with Shiba Inu token and other cryptocurrencies including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and five USD-pegged stable coins BUSD, DAI, GUSD, USDC, and USDP.

Business Insider writes:

“This partnership makes NLI the first-ever REIT to accept cryptocurrency, enabling investors to fund their commitment with Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC) and five USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP).” 

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