Whales wake up and do damage amid the latest crypto crash

Things are messed up and messy in the crypto space at the minute, and whales are doing what they always do: damage. But for once, it isn’t unilateral.


For the first time since, well pretty much ever, whales are beginning to show signs that they might be considering offloading some of their holdings as over 50,000 bitcoins have been transferred to various exchange platforms from cold and hot wallets.


On top of that, you’ve got giant investment firms like Cypherpunk Holdings that are trying to paper their losses by selling stuff.


The company has sold around 205 ETH for $227,000 and 214 BTC $4.7 million.


I’m assuming that they did it because they bought these ETH and these BTC back when they were worth like 2 cents. In fact, they did say that they turned a profit from the sales. But it still doesn’t make much sense.


Actually, it does. Which makes it worse. I never sold my BTC or my ETH when they were worth $69k and $4.8k respectively so I would only sell now if I absolutely had to. Which fortunately I don’t but it seems that some of these giants do.


I bought some ETH yesterday. I bought some BTC this morning. I may be a beer tomorrow.


Cheers.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


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Soon enough, you’ll be able to buy NFTs on eBay

When tech juggernauts decide they want to invest in the latest trend or technology, they usually start their journey by simply buying existing companies outright.


It just makes more sense. You get the talent, the assets and the structure. And you all had to do was cut a check.


That’s what eBay has just done with KnownOrigin, the 12th largest NFT marketplace (by trading volume). David Moore, co-founder of KnownOrigin, said this partnership “will help [the company] attract a new wave of NFT creators and collectors.



At the time of writing, buying and selling NFTs on eBay is still in what most people would describe as a ‘Beta’ phase, because only a few select sellers are allowed to do that, and there are still limitations. For example, both the buyer and the seller have to reside in the same country, and NFTs can only be sold at a fixed price, no bidding allowed.


But this doesn’t really mean much. By doing this, eBay has created the proverbial snowball effect and it’s only a matter of time before you and I can list our NFTs – or get new ones – on the world’s popular auction website.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


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If you haven’t yet, consider using Revolut as a substitute to traditional banking.

Bentley joins the Web 3.0 bandwagon with 208 Polygon-based NFTs

‘Sustainable’ is probably my least favourite word in English. I hate it because it’s meaningless. It has been used and abused for so long, in so many different contexts, that it really doesn’t mean anything anymore.


Let’s talk about cars, for example. I have nothing against electric cars, I’ve driven many different models and liked most of them, but there’s nothing ‘sustainable’ about mining the cobalt and lithium that we need to manufacture the batteries that power them.


Electricity has to be sourced. There’s nothing sustainable about that. As Carlos Tavares, CEO of Stellantis, once pointed out: “[building eco-friendly cars] goes well beyond what comes out of the tailpipe.”


Still, whether we like it or not, legacy car brands continue to use the word ‘sustainable’, usually for marketing purposes, and that’s what Bentley has just done for their new NFT.


According to the press release, Bentley “opts for carbon-neutral Polygon Network due to sustainability focus”.


Whenever I happen upon these press releases, which I do every five seconds, I always get the feeling they were written by people who aren’t 100% sure what an NFT is. Maybe it’s just because I tend to run in the opposite direction whenever I read words like ‘ecosystem’.


Be that as it may, Polygon is unsurprisingly thrilled with this new opportunity. Ryan Wyatt, CEO at Polygon Studios, said: “Polygon is excited to expand our partnerships in the automobile industry. By embracing this novel tech, Bentley secures its position in the next iteration of the internet, [] doing so via Polygon’s carbon-neutral network.”


Limited to 208 units, the NFT will be unveiled in September 2022.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.comWirexNexo or Binance

Use this link to get free diamonds use my CoinmarketCap code.

If you haven’t yet, consider using Revolut as a substitute to traditional banking.

It’s kinda like Google, but for NFTs

Mintedgem is sort of, kind of, basically like a database for NFTs, putting different assets from different blockchains in one place. It is currently live on the Rinkeby Test Network and the website is live as well, while the official launch is expected for June 6th.


On the front page, you’ll find 1001 squares in total, and you can sort the items based on things like price (low to high and high to low), recently added, blockchain, and so and so forth.


There’s a feature that allows you to add an NFT by copy-pasting it (the URL) from various platforms (LooksRare, Solanart, and OpenSea) and you can pay to have your NFT featured on the front page, the same way you’d promote your post on Instagram, Facebook or Google.


Pricing start from $0.10 per day.


The idea was presented to me by the founder himself a little over a week ago when I attended the Tomorrow Conference in Belgrade, Serbia and I gotta admit I still don’t know what to think of it, and more to the point, I’m still not 100% I figured out how to use it.


But I see the potential value. The main issue with NFTs these days is that it is very difficult to promote yours if you don’t have a big name to spend or a marketing budget, and that’s why I believe that other similar platforms can be useful.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

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Good Afternoon, welcome to the Hashrate Hotel, how may I direct your call?

I went to the Tomorrow Conference in Belgrade and I spent the last three days talking to people pitching me ideas. I’d bankroll them all if I had the cash but I don’t. So I figured the best thing to do is to have a look and, if I think they’re interesting, talk about them.


Many, many cans of Ultra, basically discount Red Bull, and Dogma beer later I got home and emptied my three tote bags only to find a bunch of business cards and promotional leaflets. Which means I’m gonna spend the next three days trying to figure who is who, and who was doing what.


It only took three cups of coffee but I eventually decided I should start by checking the Hashrate Hotel, which is pretty much what it says on the cover: a crypto mining hotel.


In short, what they do is they serve as a hub for miners, allowing people to split the cost and use a 20/0.4 kV power supply, up 1 gbit of speed and with 12 MW/h capacity. They also give you access to an app that allows you to keep track of electrical consumption in real time and power on/off your equipment remotely.


I’m not a miner, and I don’t think I’ll ever be. Partly because my brain melts every time somebody uses the words “super” and “computer” in the same sentence, and also because the costs are truly becoming prohibitive. But I do think we need change our tactics when it comes to mining, and make it more ‘socially acceptable’.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

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What is Socios.com and what are the 5 most valuable tokens on the platform?

The first thing I want to say about Socios.com is that it utilises Chiliz (CHZ) as its currency, and I’m extremely bullish on CHZ. But I guess that’s an entirely different conversation. Socios.com is a platform that allows sports fans to take part in games and contests, win prizes and have a say in their favourite sports team decisions with blockchain technology.


It allows you how to buy, sell, trade so-called ‘fan tokens’, which are ERC-20 utility tokens that represent the club or team of your choice. There are several categories (football/soccer, gaming, MMA, motorsports, basketball, cricket, football/American football, tennis, ice hockey, etc…) and at the time of writing, there are over 70 tokens you can trade and most of them are represent major football clubs (AC Milan, FC Barcelona, FC Inter Milan, Manchester City, PSG, etc).


I personally own FC Porto (which I’m staking on Binance), FC Santos, and AS Monaco. I used to own Racing Club tokens as well but I sold them and that, by the way, is the best possible assist (see what I did there?) to mention ICO – Initial Coin Offering, another feature of the app, which allows you to buy tokens at a pre-fixed price before they’re available for trading.


The most valuable fan token available is PSG (Paris Saint-Germain), which is currently worth 79.77 Chiliz (CHZ) or $14.33 (at the time of writing). The second most valuable token is CITY (Manchester City), worth 52.71 CHZ ($9.52), followed in third place by INTER (FC Internazionale Milano) at 38.25 CHZ ($6.86), BAR (FC Barcelona), worth 34.14 CHZ ($6.13) in fourth place and lastly, JUV (FC Juventus) in fifth place, worth 33.69 CHZ ($6.07).


Socios.com took its inspiration from Pokemon Go and indeed 24 hours, you can use a Pokemon Go-style feature to ‘capture’ tokens. In theory, you can find any token, but in reality so far I’ve found over 2,500 Socios.com SSU tokens, which are essentially worthless (for now) and only 1 CHZ. I’d happily provide you with a referral link to get some free stuff if I had one but for some reason Socios.com hasn’t thought of that yet. However, you can also buy (and stake) some tokens on Binance. Hopefully more will be added soon.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit CoinbaseCrypto.com or Binance

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Damn, 3 reasons why bitcoin is falling

Good morning! … but not really. Yesterday evening (GMT) bitcoin began falling substantially and we know the drill, when BTC goes down, everything else follows. The price fell pretty sharply, from $46k to $44 in less than an hour, and it began consolidating on its way down and it is currently trading at around $42,900. Honestly, I desperately want it to stop falling (duh) but I get the feeling things may get a bit worse before they get better.


One of the reasons why BTC may have crashed is the number of actively trading wallets has gone down. About a year ago we had 1.2m actively trading wallets and now we’ve got 971,000, which means there are fewer wallets that are buying and some wallets (may) have been emptied to sell and get out. On top of that, many holders are moving their BTC from cold wallets to hot wallets and/or exchanges, nothing’s happened so far but it looks like the preview of a massive sell-off. Or at least that’s what the market thinks it is.


The second reason is the Kazakh government has resigned, pretty much overnight (not literally, it didn’t happen last night) amid harsh protests, mainly due to rising prices of goods and services, especially fuel. To add fuel to the fire (sorry, pun unintended), the country’s main (you might as well call it monopolistic) internet provider, Kazakhtelecom, literally shut down the internet. Why is this relevant? That’s because Kazakhstan is the world’s second-largest bitcoin miner. The hash rate has gone down by 13.4%, again, pretty much overnight.


The third reason is that even though we tend to think of bitcoin as a hedge against inflation, it actually often follows the pattern of institutional sentiment and tech stocks. The Fed has been sharing bad news for days. First, they admitted that yes, inflation is not going away soon, then they shared a document, which made analyst say, “so is the R-word coming?”


What are you going to do? Sell and buy back again or hang in there and resist?


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13


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You can buy a physical Rolex, or a digital ‘Rodex’ and it may end up costing more

Jesus Calderon is a 29-year-old watch geek and crypto evangelist that’s making a lot of cash by creating and selling watch NFTs. His collection is called Generative Watches and it currently consists of two main lines, the Rødex Daitona and Rødex Bitmariner, obviously inspired by the Rolex Daytona and Submariner.


Hodinkee, arguably the most influential watch magazine in the world, recently interviewed Calderon and they he gets paid in “an abstracted form of currency”. They mean Ethereum, which is the currency you use on OpenSea.


It sounds crazy, and it is, but this is just the start. Not that long ago, a digital artist made a lot of noise when she released a collection of NFTs representing Hermès Birkin bags without Hermès’ permission. I’m assuming there’s going to be a lawsuit at some point and it may set an interesting precedent.


As for Calderon, he’s safe because he hasn’t used any trademarked names, so he’s basically just creating homage watches in digital form. In the interview, Calderon describes an NFT as a “digital signature”, and he says he spent months generating the algorithm on which all watches are built. Hence the name “Generative”.


A composite of Daitona NFTs

So far he’s sold 68 NFTs for around 0.2 ETH, the price of ETH varies significantly on a daily basis but Calderon says he made around $700 per watch on average.


Many images of watch NFTs

The truth is that an NFT is basically just a piece of code that can’t be altered or corrupted. For the most part, so far, we’ve seen NFTs that represent digital art but that’s just because you add a jpeg image to the piece of code. You can add anything including, and I think this is going to be important factor in the future, documents.


Kevin O’Leary (Shark Tank), an investor an avid watch collector, says he wants to use NFTs as digital documents to authenticate some of his rarest watches. The idea is that sometimes you buy a watch and you have to have it authenticated, which is costly and tiresome, whereas it would be instant and 100% secure and accurate if the authentication were made through an NFT.


I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13


Get a discount on Undone Watches

Get a discount on your first Glovo order

Get free crypto when you make your first deposit on BlockFi

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