TronWeekly

Crypto World News

You are here: Home / Archives for Cryptocurrency

Cryptocurrency

Bitcoin knowledge, the biggest flex

by

According to a new international research study conducted by Cash App parent company Block, Inc., the biggest reason consumers do not purchase Bitcoin (BTC) is a lack of information about it.

The poll, which took place in January and February and covered 14 countries, found that 51% of respondents stated the major reason they don’t buy bitcoin is that they “don’t know enough about it.” Other main causes include security and theft concerns (32%), as well as excessive price fluctuation (30 percent ).

The top reasons for not buying BTC, according to those who had at least a good level of understanding of cryptocurrencies, were price volatility (30 percent) and an uncertain regulatory environment (29 percent ).

image 4

The survey was conducted before important market developments such as the recent dip in BTC’s price and the loss of TerraUSD’s peg. However, according to Block Economist Felipe Chacon, the biggest reason for people’s lack of interest in cryptocurrencies is still a lack of information. However, responses from individuals who are conversant with the technology may have changed.

The survey also discovered that a person’s degree of cryptocurrency knowledge — or at least how much they believe they know about cryptocurrencies — is the biggest predictor of whether they will buy BTC in the coming year. Fourteen percent of those with “fair to expert” crypto expertise said they were likely to buy bitcoin in the coming year, compared to 7.9% of those who don’t know anything about it or have very limited knowledge.

Study includes Bitcoin perceptions

Other topics included in the survey included bitcoin impressions based on income level, bitcoin optimism by country, and the gender difference in the crypto business. For example, although higher-income respondents stated investment-related reasons for purchasing BTC, lower-income respondents listed reasons such as using the cryptocurrency as a payment method and sending remittances more frequently.

Women across Europe, the Middle East, Africa (EMEA), and Asia-Pacific claimed expert levels of understanding at higher rates than men when it came to crypto, according to the study.

Fakesters use LUNA 2.0 airdrops to target users

by

Scammers are giving fresh Luna 2.0 to cryptocurrency CEOs and influencers’ addresses, according to PeckShield, a major blockchain security business, including Vitalik Buterin’s, Justin Sun’s, and the 3AC Foundation’s wallets.

According to the Ethereum block explorer, the Wrapped LUNA 2.0 contract address issued millions of the new tokens and delivered them to the official addresses of Vitalik Buterin, Three Arrows Capital, Justin Sun, and other influencers. Scammers were sending the wrapped tokens to a real Terra deployer as well as airdropping them to the listed addresses, according to PeckShield.

image 5

Users were led to believe that the “Wrapped Luna 2.0” address was a legitimate Terra 2.0 token deployer, and that they must transfer their previous Luna tokens to those smart contract addresses by the exploiters.

Payments to well-known wallets, such as Justin Sun’s tagged addresses and the ENS address vitalik.eth, give the contract page credibility and attract regular users who will sell their worthless tokens for a new version.

Yet another LUNA scam

HODLers with the token (including staking derivatives) and fewer than 500k aUST (UST placed in Anchor) during the pre-attack snapshot period are eligible for the airdrop. The airdrop was also open to users who had LUNA and UST at the time of the post-attack snapshot.

Many decentralised platforms and exchanges previously resisted the upgrade either to regulatory worries or user reluctance to trade their old Luna tokens for the new one.

Terra’s co-founder, Do Kwon, proposed to “restart” the project without the UST stablecoin and a new token distribution when the UST and Terra tokens failed. Despite the fact that voting on Terra’s governance platform was successful, not all users are happy with Do Kwon’s decision and say that developers should focus on revitalising the current coin rather than creating a new one.

While some exchanges have refused to support the new Terra blockchain, many others have agreed to do so.

Tether-ing in Mexico

by

Tether, the startup behind USDT, one of the most widely used stablecoins, announced the creation of a new currency pegged to the Mexican peso on May 26. The token is intended to increase the company’s visibility and impact in Latin America.

image 6

Tether’s decision to introduce MXNT, a token connected to the Mexican peso, appears to be a positive move. According to the Triple-A agency, roughly 40% of Mexican businesses want to adopt blockchain technology and cryptocurrencies into their operations, according to research quoted in a Tether press release. When we go deeper into the numbers, we discover that barely 2.5 percent of Mexico’s 130 million population holds cryptocurrency.

The potential for Mexico to become a complete Latin American crypto powerhouse is undeniable. Mexico will be effective in supporting the multi-billion-dollar flow of payments into the country by adopting and using stablecoins tied to the national currency. This will allow for a faster and less expensive transfer of assets.

CTO Paolo Ardoyno commented on the event, saying that the growing use of cryptocurrencies in Latin America necessitated the expansion of the stablecoin and that MXNT, in turn, can reduce volatility for people wishing to convert their assets and investments from fiat to digital currencies. It’s a win-win situation for both parties.

Consistent world of Tether

MXNT is an addition to the stablecoin’s storefront’s fiat-currency-linked stablecoins. Pegged to the US dollar USDT, pegged to the euro EURT, and pegged to the Chinese yuan CNHT, the peso-pegged token joins the ranks of the USDT, EURT, and CNHT tokens.

This range is undoubtedly impressive, but Tether’s internal issues have placed a pall over the company’s good news. As a result, earlier in May, amid investor fear, USDT lost its 1:1 peg to the dollar and traded at a discount to the market for some timeperiod of time. Tether’s reputation worsened even after the audit certifying the viability of the company’s reserves was published.

How to Play Craps at Crypto Casinos

by

In most crypto casinos, craps is one of the most popular dice games. The more dice a craps game has, the more challenging and pleasant it is. 

Punters place wagers on the outcome of a die roll in this classic dice game. Also, this game offers a wider range of wagers than most other table games at crypto casinos.

Basic Rules of Craps at Crypto Casinos

To play online at crypto casinos, you must first understand that the game uses a regular pair of dice and that the number of players is unlimited. In the event that there are many “throwers,” the dealer rolls the dice, and the outcome is decided by chance. The dice are rolled by the player who begins the game.

The outcome of the dice roll depends heavily on the numbers that are rolled. Keep in mind that stakes at crypto casinos are often placed prior to the dice roll. Craps has a wide variety of wagers that you should be aware of before you begin playing. 

The only difference between regular and standard craps in crypto casinos is that you must place bets with cryptocurrencies at crypto casinos. Due to the fact that craps at crypto casinos is a round-based game, you have the option to place multiple stakes at once. The stakes are spread out across the table, with each section designated for a certain type of wager. 

A “shooter,” or “thrower,” is a player who rolls a die. The dice roll result determines whether or not you win or lose. In most games, a new shooter takes the field for each round. 

If the player’s first throw is a 7 or 11, the game is over. A “crap” occurs when two, three, or twelve dice are thrown; this results in a loss of the round. It’s still possible for the player to go on and win further rounds in the game.

Notably, both dice must be rolled by one hand, and the shooter must throw a dice as far as possible from opposing ends of the table. If you don’t, you’ll lose the round, and it won’t be counted.

Types of Craps Bets

In crypto casinos, craps provide a wide variety of wagering possibilities, which makes the experience more interesting. It’s important to be familiar with each one in order to place wagers with the most efficiency.

Pass Bet

The Pass Line bet is what you should wager if you are following the basic rules of craps. In this case, you’re wagering that the shooter will roll a 7 or an 11.

Come Bet

Following the establishment of the point, you can place a bet similar to the Pass. You win if the following bet is a 7 or 11. Your come-bet point is made by placing a wager on a different number, and if that number rolls before your opponent does, you take the prize.

Don’t Pass Bet

If you wager on Don’t Pass, you’re betting against the shooter making their point before evening-out or crapping out.

Don’t Come Bet

Your goal is to win money by betting that the shooter will miss or fail to score a point.

Place Bets

A Place bet can be made after the point has been set. It’s a wager on the outcome of the next roll of the dice before the shooter sevens out. For instance, if the point is 6, you can place a wager on any of the other possible point numbers: 4, 5, 8, 9, or 10.

Big 6 or Big 8

When the 6 is the bet, you’re wagering that a 6 will roll before a 7. After placing an eight on the table, you’re placing a wager that an 8 will roll before a 7. If you place this wager, you’ll get paid out at a rate of evens.

Important Tips for Bitcoin Craps

There is nothing complex about playing at crypto casinos for fun or staking real money to try your luck. You may improve your chances of winning at crypto casinos by utilizing a wide variety of ideas and techniques.

Be Familiar with Craps Strategies

To play craps at crypto casinos better, you require a little research and understanding of the game’s rules. Craps is a simple game to play at most crypto casinos online, but you should familiarize yourself with the most important tactics. 

Luck is a major factor in games, but a well-thought-out strategy can increase your chances of victory. Avoid tossing the dice at random and instead devise a plan that anticipates your next step.

Use Different Betting Options

In many crypto casinos, craps is a popular game because of its many betting options. Rather than relying on an assumption, it’s best if you know what each of the betting selections means. Try not to put all your money on just one bet. 

You should think about putting down a variety of wagers when staking at crypto casinos to spice things up. Making the most of the game’s potential can mean altering the rewards and winning odds. You may alter the game to your liking and influence other players as a result of your stakes.

Make Correct Bets

Craps is a game where your good fortune is everything. Since it is not a game of skill, it is impossible to alter the gameplay once the wager has been placed. Be careful not to risk more funds than you can afford to lose. 

Don’t wager unnecessarily large sums of money in your crypto wallets. For this, you need to figure out how much you’re willing to lose and stick to it.

The danger in it is that you may come to regret placing such a large wager and wind up losing your Bitcoins. It is essential to place appropriate stakes to take advantage of craps titles at crypto casinos.

Conclusion

Online crypto casinos currently provide a wide range of deposit and play options for mobile craps players. On the other hand, traditional payment methods may fall short in providing the advantages you need.

It goes without saying that gaming with cryptocurrency takes a minor adjustment. A cryptocurrency exchange is where you’ll acquire your digital currency and then deposit the funds into your crypto casinos’ account. You’ll have no problem playing at any crypto casinos after you’ve mastered this feature.

Crypto Lottery: Winner Takes All

by

When it comes to gambling, there are a lot of different options to choose from. You can visit a physical casino, play games online, or try your luck at a lottery.  Each of these options has its own unique set of pros and cons, so it’s important to understand what each one entails before making a decision.

If you’re interested in playing games online, there are a few things you should keep in mind. First, make sure the site is reputable and has a good reputation. There are a lot of scams out there, so it’s important to do your research before depositing any money. Second, make sure you understand the rules of the game. There are a lot of different types of games available online, so it’s important to know what you’re getting into. Finally, be aware of the bonuses and other incentives offered by the site. Many sites offer sign-up bonuses, which can be a great way to boost your bankroll.

Finally, if you’re thinking about playing the lottery, there are a few things you should keep in mind. First, make sure you understand the odds of winning. The odds of winning the lottery are very slim, so it’s important to be realistic about your chances. Second, make sure you know how to play the game. Lotteries can be confusing, so it’s important to understand the rules before you buy a ticket. Finally, make sure you’re playing the right lottery. There are a lot of different lotteries out there, and not all of them offer good odds.

Some lotteries require that players make a minimum deposit in order to participate. Others may limit the number of free tickets that players can receive. It’s important to read the rules and regulations of each lottery before deciding whether or not to play.

Crypto Lotteries – Terms and Conditions

When you enter a crypto lottery you are agreeing to the terms and conditions set forth by the operators. These terms and conditions usually include things like eligibility requirements, how tickets can be purchased, how the winning numbers are chosen, and what happens if you win.

It’s important to read through the terms and conditions before entering any bitcoin lottery, as they can vary from lottery to lottery. If you have any questions about the terms and conditions, be sure to contact the operators before entering.

It’s also important to stay safe and secure while playing. Here are some tips to help you do just that:

1. Make sure the lottery is reputable. There are a lot of scams out there, so be sure to only play at reputable lotteries.

2. Use a strong password. This is important for any online service, but especially important when playing a bitcoin lottery.

3. Keep your computer protected. Make sure your computer has up-to-date security software and is protected from malware and other threats.

4. Don’t share your information with others. This includes your password, email address, and any other personal information.

5. Be careful when clicking links. Phishing scams are common, so be careful when clicking on links in emails or on websites. If something looks suspicious, don’t click it.

6. Stay up to date on the latest security news. By keeping up to date on the latest security news, you can stay informed about the latest threats and how to protect yourself.

Is Shiba Inu Easy to Buy and Sell in Europe?

by

Shiba Inu (SHIB) investments have skyrocketed in Europe, especially Germany, because of its high profitability. Also the coin can be used as a payment option in some cases.

The coin has only existed since 2020, and we understand that many investors are still sceptical about taking their chances with the investment. However, Shiba continues to be embraced by investors, and putting up your money into it can benefit you in the long run.

This article will give you insights into how Shiba investments work and whether it is easy to buy and sell in Europe. We will also include some significant reasons you should consider this investment in 2022 and the best way to get started.

How to Buy Shiba Inu in Europe

Like other cryptocurrencies, you need a cryptocurrency exchange or brokerage firm to buy Shiba Inu. Note that these platforms have varying features, and it is crucial that you choose those that benefit your Shiba investment requirements. For instance, you need to consider budget, reliability, availability of Shiba and other cryptos, payment methods, demo accounts, etc. Most importantly, invest using brokers or crypto exchanges that accept clients from your country. 

For instance, German investors looking to buy Shiba Inu, should go for brokers regulated by the Federal Financial Services Authority (BaFin).

If you are in Germany or you are a German investor, take a look at the following guide on the best platforms where you can buy Shiba Inu: Shiba Inu krypto kaufen in Deutschland. This translates to How to buy Shiba Inu in Germany. 

Note that the best broker or cryptocurrency exchange allows purchasing of SHIB using various payment methods. These funding methods include debit/credit cards, bank transfers, e-wallets like PayPal, and other cryptocurrencies. All you need is a crypto wallet and select a more flexible payment option you are comfortable using.

For newbies looking for ways to get started, the procedure for buying Shiba can be pretty straightforward once you understand how to go about it. By creating an account on a broker’s or cryptocurrency exchange’s platform, you can easily access the asset and complete the purchase. However, note that you need to start by learning about the Shiba Inu market and how it works, including all the risks involved, before making your first significant investment. 

Other Ways Of Investing In Shiba Inu

Although some traders and investors will buy Shiba and store it in their digital wallets, others prefer other methods of making profits from the asset. One of the most popular ways to trade Shiba is through CFD trading, offered by regulated brokers that meet your trading requirements.

With Shiba CFD trading, you do not take ownership of the underlying asset. Instead, all you do is predict Shiba’s price movement through the chosen platform. Remember that all cryptocurrencies, including Shiba Inu, are volatile, and you must conduct a thorough market analysis for increased profitability.

Alternatively, you can buy SHIB’s shares through companies that produce the commodity. Here, you will require a broker with access to the exchanges where the companies’ shares are listed. The best element about buying Shiba shares using brokers is that you can purchase the shares as fractions should a single one be costly to afford.

Pros and Cons of Buying Shiba in 2022

Shiba Inu runs on the Ethereum network as an ERC20 token. It is one of the meme coins besides Dogecoin that has captured investors’ attention from diverse regions in Europe. Recently, the Shiba community celebrated one million holders, which ended up stirring the cryptocurrency space. For this reason, many investors dub it the “Dogecoin killer,” especially when it comes to long-term investments.

With many controversies surrounding Shiba Inu investments, below are the pros and cons of buying Shiba to give you a clear insight. 

Pros

  • Shiba’s current share price is very cost-effective, making it a viable option for newbies. Since this cryptocurrency’s popularity is skyrocketing, investing in it now when the price is still low can pay off in the long run.
  • Shiba has a decentralized exchange known as ShibaSwap that is highly secured and allows users to meet and trade cryptocurrencies. 
  • The cryptocurrency has shown immense growth since it was launched in 2020 — an indication that it could generate good profits in the long run.
  • It supports smart contracts, making it easier for investors to lend and stake them while earning passive income.
  • It has gained massive support from prominent business people, including Elon Musk. This keeps the coin in the limelight for new investors. 

Cons

  • Being a relatively new asset in the market with little information about it makes Shiba a riskier investment compared to other cryptocurrencies.
  • The asset is highly volatile, making it challenging for investors to predict how it will be in the future. 

Key Takeaways

Shiba is a highly volatile cryptocurrency, and investing in it is risky. However, all financial assets carry risks, and the only way to mitigate them is by conducting extensive market analysis to develop the best investment strategies. Generally, Shiba is a good investment, and it is easy to buy when using licensed and regulated brokers. The best element about buying Shiba with brokers is that you get access to additional assets for portfolio diversification. Plus, brokers offer learning and research tools for a worthwhile experience.

Dogecoin co-founder states the obvious yet again

by

On his official Twitter account, one of the Dogecoin project’s founders sent a crucial reminder regarding his affiliation to the cryptocurrency in its current incarnation.

Billy Markus stated in his post that he is no longer working on Dogecoin. Despite being one of DOGE’s most prominent ambassadors, he left the meme-currency seven and a half years ago and has no plans to return.

Screenshot 28
Source: Twitter

Though some people disagree with his move, his goal is to demonstrate what true decentralization is. Even thoughthe fact that the meme coin’s environment is not the most technically proficient in the market, it is still under continuous development.

“Shibetoshi Nakamoto” has also spoken on the cryptocurrency market’s definition, humorously portraying it as a mix of “hopium,” “fomo,” fear, and other circulating phenomena. He also mentioned that studying human nature in relation to money is fascinating.

Despite his distance from the project’s core, Markus feels that the DOGE ecosystem benefits from the speculation that surrounds it. He also stated that the meme token team’s primary focus in the present and future should be on utility.

Markus has often told his subscribers that he is unconcerned about the price of Dogecoin. The community’s anger stems from the fact that DOGE has lost more than 85% of its value since its all-time high.

Dogecoin’s new plan to go bullish

Dogecoin, the first memecoin to hit the cryptocurrency market, offers a tip for intraday traders in the form of a symmetrical triangular formation, which might propel DOGE higher if it plays out in favour of bulls.

Screenshot 29
Source: trading view official website

A symmetrical triangle is considered a bullish pattern by traders since it usually leads in an upward breakout. However, traders should not overlook the likelihood of a bearish situation in which an asset violates the pattern’s lower border and accelerates downhill.

However, DOGE is more actively probing the formation’s lower border, implying a short-term decline rather than an upward rally. At the time of writing, Dogecoin (DOGE) was priced at $0.08714 with a surprising daily rise of 2.59% according to data from Coin Market Cap.

Bitcoin to shine bright like a diamond

by

With the recent turmoil in the crypto-world, many believed that doomsday was near. However, many scholars feel otherwise about Bitcoin (BTC). Robert Kiyosaki, an investor, entrepreneur, and author of a number of blockbuster books on financial markets and financial literacy, including “Rich Dad, Poor Dad,” has responded to the current state of the crypto market on Twitter.

Kiyosaki stated on Twitter that he believes Bitcoin has a bright future. He is, however, expecting BTC to test a new low. According to Kiyosaki’s earlier tweets, he is prepared for the top cryptocurrency to drop as low as $20,000, $14,000, or even $9,000.

The ‘Rich Dad, Poor Dad’ author, has been very fond of investing in Bitcoin, gold, and silver. He seems to strongly believe that BTC will shine bright like a diamond in the near future, in the long run as he believes the Federal Reserve and US Treasury to be extremely corrupt organizations.

Screenshot 26
Source: Twitter

Many people, including Kiyosaki, condemned the US government for unprecedented quantitative easing in 2020 when the Fed issued more than $6 trillion to assist the US economy to survive the pandemic.

He then sent out many tweets warning of an impending USD collapse and urging everyone to buy Bitcoin, silver, and gold.

On January 24, the author of “Rich Dad, Poor Dad” tweeted that if BTC fell below the $20,000 support level, he would buy more. He also claimed that he bought BTC at $9,000 and $6,000 when it was on sale.

Bitcoin doing well amidst crypto turmoil, a surprise to many

Peter Schiff, a prominent BTC critic, said yesterday that he was shocked to see BTC “holding up this well,” referring to the $30,000 level.

Screenshot 27
Source: Twitter

Schiff, on the other hand, believes that this is nothing more than a bull trap designed to attract more investors. This is why he cautioned Bitcoiners against being too confident about BTC’s current price near $30,000.

The primary digital currency has recovered slightly above $30,000 so far. Schiff, on the other hand, feels that if it breaks considerably below this level, the bear wave would push it below $10,000.

Schiff tweets about the world’s largest cryptocurrency more than some popular BTC investors themselves, despite being one of the toughest Bitcoin skeptics. He was recognized as a Bitcoin influencer in late 2020 and made the top ten list. Unlike Schiff, who feels gold is vastly superior to BTC, his son Spencer is a BTC enthusiast. At the time of writing, BTC was trading at $30,424.73 with a hike of 3.22% over the last 24 hours.

Binance makes bold moves

by

Binance US announced on Thursday that Krishna Juvvadi has joined the company as vice president and head of law. Juvvadi comes to the exchange forum from Uber, where he was the global head of operations compliance. Early in his career, he worked as a trial attorney for the US Department of Justice’s Civil Rights Division.

Juvvadi will oversee the legal department’s day-to-day operations at the company’s US base. Norman Reed, who joined the firm’s US base as general counsel in December and has past experience with the Securities and Exchange Commission, the Federal Reserve Bank of New York, crypto, and fintech, will be his boss. Brian Shroder, CEO of Binance US, said in a statement,

“We recognize the importance of remaining responsive to and complying with the evolving rules and regulations governing the crypto ecosystem, and we continue to attract and invest in top legal and compliance talent to ensure this priority remains at the forefront of our operations.”

According to local media, Juvvadi has not replaced anyone because the head of legal is a freshly created post at the company’s US headquarters.

Krishna New Hire 1
source: Binance US blog

The company has been active in hiring employees who have previously worked for the government. The two organizations have hired over a dozen similar recruits in recent weeks and months, including Krishna, Reed, Steven McWhirter, and Stephanie Cabossioras.

Binance delists LUNA and UST trading

Binance has removed itself from the list of cryptocurrency exchanges trading  UST and LUNA. Following the disastrous plunge of the algorithmic stablecoin, the worldwide cryptocurrency exchange has suspended trading pairs with the Terra ecosystem’s cryptocurrencies.

On May 13, Binance stated that spot trading for the LUNA/BUSD and UST/BUSD trading pairs would be suspended. It’s unclear when withdrawals will restart, as the crypto exchange only recently stated that it will wait until the Terra network issues were rectified before proceeding.

It is the latest action by the world’s largest cryptocurrency exchange by trading volume, following one of the most dramatic black swan events to influence the sector since the inception of Bitcoin (BTC) in 2009.

Did Delphi Digital predict UST collapse?

by

Delphi Digital, crypto-focused research and investment firm has published a post-mortem on the losses incurred by the collapse of TerraUSD (UST) algorithmic stablecoin last week, concluding that “something like this was always probable.” Delphi wrote late Wednesday on its blog,

“We understood the risks of the algorithmic model upfront and sought to be transparent about them throughout; however, it’s clear we miscalculated the risks. To the vocal critics of Terra’s algorithmic design — you were right and we were wrong.”

Last week, UST de-pegged from the dollar in a disastrous manner, wiping out more than $40 billion in value for investors. Delphi, which competes with The Block for crypto research, was a supporter of the Luna Foundation Guard (LFG), a Singapore-based non-profit with an aim to improve the Terra ecosystem.

LFG’s bitcoin purchases, Delphi digital wrote in an April research bulletin, “gives higher security to protect UST’s peg to the dollar” and “likely reduces the likelihood of it going into a death spiral.” In March, the company announced that customers may pay for their subscriptions with their UST balance and income received from Terra’s Anchor Protocol.

Delphi Digital, one of Terra’s significant operator

Delphi Digital was one of many cryptocurrency exchanges with major exposure to the Terra ecosystem at the time of its demise. For the first time, the group openly assessed the damage in its post.

Delphi Ventures Master Fund purchased an amount of Terra’s native token Luna equal to 0.5 percent of its net asset value in early 2021, according to the company (NAV). Over time, the exposure grew, resulting in “a significant unrealized loss.” Luna and other Terra-native coins accounted for about 13% of Delphi Ventures’ NAV at its peak.

Screenshot 25
LFG

Luna received a $10 million investment from LFG in February as part of a $1 billion token sale. Based on the current price of Luna, Delphi said the investment is “completely wasted,” but added that it sold no Luna during the token’s decline. LFG’s governing council includes Delphi Digital partner José Maria Macedo.

Since February 2021, Delphi’s research arm has produced six Terra-focused publications, none of which were paid for, according to the group’s blog post. According to the report, Terra’s demise had little financial impact on Delphi Research.