According to the latest data from Chainalysis, the total cryptocurrency value received by illicit addresses grew to a new all-time high of $14 billion in 2021. Although the new all-time high is almost twice the $7.8 billion that was recorded in 2020, it represents just 0.15% of the 2021 cryptocurrency transaction volume. Percentage of Funds Sent to Illicit Addresses FallingThe value of cryptocurrency-related crimes recorded in 2021 surged to a new all-time high of $14 billion, a figure that is almost double the $7.8 billion which was received by so-called illicit addresses in the year 2020. Nevertheless, this increase in the value of funds transferred to illicit addresses is still much lower than the average growth of the crypto economy, the latest Chainalysis data has shown. In a recent blog post breaking down the crypto economy’s 2021 transaction volume of $15.8 trillion, the blockchain analysis firm Chainalysis asserts that the growth in value of funds transferred to illicit addresses is not an indication that the space is now dominated by criminals. Rather, this growth may be a hint of just how far the crypto economy has expanded in 12 months. To illustrate, the blog post points to the 567% growth in crypto transaction volume which the analysis firm is linking to the rising adoption of cryptocurrencies. Chainalysis also offers its viewpoint on the growing gap between illicit activity volume and legitimate volume:
Crypto Crime Impedes AdoptionTo support its position that illicit activity’s share of cryptocurrency transaction volume is on the wane, Chainalysis points to the data which shows that crime-related addresses only accounted for 0.15% of 2021 volumes. This figure is lower than the 0.62% recorded in 2020 and the 3.37% that was recorded in 2019. Despite noting the low proportion of criminal crypto transfers relative to the overall transaction volumes, Chainalysis still concedes the “criminal abuse of cryptocurrency creates huge impediments for continued adoption.” The post argues that such abuse often “heightens the likelihood of restrictions being imposed by governments, and worst of all victimizes innocent people around the world.” The blog post also suggested that law enforcement agencies are becoming more adept at combating cryptocurrency-based crimes. It cites the indictment of several crypto investment scams by the U.S. Commodity Futures Trading Commission (CFTC) as well as OFAC’s sanctioning of two Russia-based cryptocurrency platforms. What are your thoughts on this story? Tell us what you think in the comments section below. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. The post Illicit Crypto Addresses Received $14 Billion in 2021, Only 0.15% of Transaction Volume Associated With Crime – Regulation Bitcoin News first appeared on Cryptobook. Via https://kitaab.store/illicit-crypto-addresses-received-14-billion-in-2021-only-0-15-of-transaction-volume-associated-with-crime-regulation-bitcoin-news/?utm_source=rss&utm_medium=rss&utm_campaign=illicit-crypto-addresses-received-14-billion-in-2021-only-0-15-of-transaction-volume-associated-with-crime-regulation-bitcoin-news
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Video Game Giant Konami is launching a NFT auction to commemorate the “Castlevania” franchise. The box will include 14 tokens, audio files, and poster art showing scenes from early Nintendo games. The auction will begin the next week, January 12, 2022. Konami To Launch With Castlevania Commemorative NFTsThe Castlevania 35th Anniversary NFT collection online portal was unveiled by Konami on Thursday. The collection will be auctioned off on the NFT marketplace Opensea. The NFTs from Konami will pay tribute to the franchise, which began with the Nintendo Entertainment System game “Castlevania” in 1986. (NES). Scenes from several series entries on the NES and its Japanese equivalent, the Famicom, are included in the NFT collection. Original pixel graphics of Dracula’s Castle, poster art for the Title Boy Advance game “Castlevania: Circle of the Moon,” and audio for the recurring music theme “Vampire Killer” are among the other tokens in the collection. Related article | Eminem Buys Bored Ape Yacht Club NFT That Looks Like Him For $452K Unlike other non-fungible tokens from gaming firms, these NFTs will not have any in-game utility.. They’re just trinkets to commemorate the series’ 35th anniversary.
ETH/USD falls to $3,200. Source: TradingView Other Gaming Companies Have Jumped On NFTsSeveral game companies are interested in NFTs. Ubisoft, Square Enix, Electronic Arts, and GameStop have all announced plans to deploy NFT products and services, or have tentative plans to do so. Ubisoft, has previously released NFTs for use in Tom Clancy’s Ghost Recon Breakpoint on a PC (PC). The move was chastised for the NFTs aspects and for the usability of NFT products. The news from Konami coincides with SEGA’s recent revelation that it may abandon its NFT plans owing to poor reception. SEGA first unveiled its plans for NFT in March 2020. Konami’s debut into the NFT space has been mocked by some video game players. Conversations regarding the company’s NFTs have been strewn across social media since Thursday. Related article | How NFTs are Fueling the Anime Community in Japan Featured image from Shutterstock. Chart from TradingView The post Game Giant Konami Joins NFT Race, To Launch With Castlevania Video Game Franchise first appeared on Cryptobook. Via https://kitaab.store/game-giant-konami-joins-nft-race-to-launch-with-castlevania-video-game-franchise/?utm_source=rss&utm_medium=rss&utm_campaign=game-giant-konami-joins-nft-race-to-launch-with-castlevania-video-game-franchise sponsored Ertha, one of the most highly-anticipated metaverse projects, recently launched it’s native ERTHA token to much success on Huobi Primelist. The play-to-earn game made huge progress in 2021 and is now poised to deliver a one-of-a-kind experience to fans of NFT gaming later this year. Thanks to the project’s meteoric rise, Ertha has attracted the attention of some of the biggest names in DeFi, bringing about high-profile investments and now, a valuable partnership with a team well renowned for its glowing reputation within the game development community. Ertha is partnering with Cryowar, a next-generation play-to-earn arena brawler powered by the Solana blockchain. The Cryowar team’s dedication to their craft and commitment to spotlighting NFT gaming combines the two teams’ shared values. The partnership will be exciting news for both sets of communities, as their exchange of ideas is sure to open up new avenues and perspectives, collectively pushing the boundaries of blockchain gaming. More About Cryowar Cryowar is an NFT-powered real-time multiplayer 1v1v1 arena brawler. Developed in Unreal Engine 4 for the Solana blockchain, the game’s closed beta has been released to excellent reviews. Players engage in fierce multi-realm battles in an expansive Medieval Sci-Fi metaverse playable on PC, Android, and iOS. The Cryowar team’s journey began during 2018’s Gamescom in Cologne, Germany. Four members of the development team were present to showcase an early build of their game to the show’s attendees. Gamescom is famous for drawing in gamers from across the world, and while pressure was high, the team’s demo impressed, setting the stage for a bright and prosperous future. Partnering with Industry Leaders Whilst an experienced team and strong fundamentals are crucial elements of any project’s success, so too are the partnerships formed along the way. Each is essential in generating the necessary exposure required to attract new players across the globe. The Cryowar teams’s success in this area has been proven through their partnerships with DeFi giants including, Mechanism Capital, GD10 Ventures, Polygon Studios, Animoca Brands, Kucoin Labs, and Alameda Research. Cross-Metaverse Promotions? Stay Tuned Ertha joins this list of prestigious partners at the opportune moment and fans should expect the collaboration to extend far beyond the exchange of ideas and concepts. There is also the exciting prospect of cross-metaverse NFTs adding extra excitement to the continued expansion of Ertha’s vast world map. Much to the delight of NFT gaming fans, Ertha has just completed its TGE debuting first on Huobi Primelist and then on PancakeSwap. It’s an exciting time for everyone associated with the project with 2022 shaping up to be a huge year for the game. To join one of the most welcoming and active communities in blockchain gaming, head over to Discord, or follow the project’s announcements on Twitter. Ertha’s Social Media Channels:
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Bitcoin.com MediaBitcoin.com is the premier source for everything crypto-related. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. The post Ertha Partners with Cryowar – Sponsored Bitcoin News first appeared on Cryptobook. Via https://kitaab.store/ertha-partners-with-cryowar-sponsored-bitcoin-news/?utm_source=rss&utm_medium=rss&utm_campaign=ertha-partners-with-cryowar-sponsored-bitcoin-news Cardano (ADA) has followed the general trend in the market and records losses across the board. The seventh crypto by market cap trades at $1.22 with a 2.2% and 10% loss in the past 24 hours and 7 days, respectively. Related Reading | What’s Beef? Reviewing The Historic Battle Of Ethereum vs. Cardano However, Cardano continues to be one of the most active ecosystems in the crypto industry. This won it the title for most active project on GitHub in 2021 as developers rushed in to explode its smart contract and interoperable capabilities. As the Marketing and Communications Director for Input Output Global (IOG) Tim Harrison reported, the Cardano project has over 67 active repositories, with 106 releases, over 38,000 GitHub commitments, and more. Harrison wrote the following giving credit to the community:
Still, the network has seen backlash from users and critics claiming that it has failed to quickly introduce dApps, and projects capable of leveraging its smart contracts capabilities. Deployed with Hard Fork Combinator (HFC) event “Alonzo”, these capabilities have been lived for over four months. In that sense, IOG released a list with the projects already building use cases on Cardano which included: decentralized exchanges (DEX), identity, blockchain gaming, an oracle service, and others. The company claimed that developers “have been working restlessly” on these implementations. Amongst the listed project, the company mentioned Adax, a decentralized exchanged built on Cardano and audited by cibersecurity firm BTC Block. In addition, DripDroz, a platform for token distribution parameters, and Martify, a platform to deploy blockchain solution, made it to the list. Cardano DeFi, An Expanding Ecosystem?As NewsBTC reported, Cardano has been deploying dApps since the implementation of HFC event Alonzo. In addition to the aforementioned projects, IOG mentioned AnetaBTC, a project to roll-out a synthetic version of Bitcoin (BTC) on this network, and Minswap, a multi-chain DEX. There were many other projects on the list as the company attempted to demonstrate the level of activity and the number of projects building and already deployed on this network. IOG added the following:
Related Reading | Cardano Deploys First DEX, Why ADA’ s Price Could Receive a Boost The growing ecosystem build around this network seems poised to contribute with ADA’s long-term appreciation. In the short term, the cryptocurrency could see further downside if Bitcoin is unable to find support and bounce from its current levels. The post Cardano Ecosystem Explodes, Why ADA Could Resume Bullish Trend first appeared on Cryptobook. Via https://kitaab.store/cardano-ecosystem-explodes-why-ada-could-resume-bullish-trend/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-ecosystem-explodes-why-ada-could-resume-bullish-trend On December 31, the software community founded in 1998, Mozilla, announced it was accepting crypto-asset donations via Bitpay. However, shortly after the announcement, a number of people complained about the decision the company made. A week later, Mozilla has announced it is backing away from digital currency acceptance for now and has “paused the ability to donate cryptocurrency.” Mozilla Revealed Crypto Acceptance Last Week and Quickly Backed Away After BacklashLast week, Mozilla, the current owners of the Gecko layout engine, the Thunderbird email client, and the Firefox web browser revealed it was accepting crypto donations via the payment processor Bitpay. “Dabble in dogecoin? HODLing some bitcoin [and] ethereum? We’re using Bitpay to accept donations in cryptocurrency,” Mozilla tweeted at the time. Mozilla co-founder Jamie Zawinski criticized Mozilla’s crypto acceptance decision immediately after the tweet. “Hi, I’m sure that whoever runs this account has no idea who I am, but I founded Mozilla and I’m here to say f*** you and f*** this,” Zawinski said. “Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters.” Many others shamed Mozilla because of the crypto industry’s so-called effect on climate change. “Bitcoin is so bad for the environment,” Rich Burroughs replied to Mozilla’s tweet. “You might [want to] rethink this. Surely the planet is more important than a web browser.” April King, another former Mozilla developer and the security engineer at Dropbox, responded: Hey Mozilla. You probably don’t remember me, but I created the Mozilla Observatory, the Mozilla SSL Configuration Generator, revamped the Firefox certificate viewer, and kept Mozilla safe for a half-decade. I cannot begin to express how disappointed I am in this decision.” Mozilla Holds an ‘Important Discussion About Cryptocurrency’s Environmental Impact,’ Then Pauses Crypto Donation AcceptanceIt seems Mozilla did not appreciate the complaints and on January 6, 2022, the company responded to the criticism. “Last week, we tweeted a reminder that Mozilla accepts cryptocurrency donations. This led to an important discussion about cryptocurrency’s environmental impact. We’re listening, and taking action,” Mozilla said. The software company added:
For quite some time now, crypto skeptics have been claiming digital assets like bitcoin are bad for the environment, specifically the proof-of-work (PoW) mining that is tied to the Bitcoin network. The environmental complaints are said to be unfounded by a number of crypto asset supporters that believe “bitcoin is one of the most environment-friendly financial networks.” In fact, many people believe governments and central banks should be blamed for hurting the environment. Crypto advocates stress that while energy concerns have increased during the last year, nobody discusses the carbon and military violence backing U.S. dollars. Tags in this story
What do you think about Mozilla changing its decision to accept cryptocurrencies over the complaints the company received last week and so-called environmental concerns? Let us know what you think about this subject in the comments section below. Jamie RedmanJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. The post Mozilla ‘Pauses the Ability to Donate Crypto’ After Complaints and ‘Environmental Impact’ Considerations – Bitcoin News first appeared on Cryptobook. Via https://kitaab.store/mozilla-pauses-the-ability-to-donate-crypto-after-complaints-and-environmental-impact-considerations-bitcoin-news/?utm_source=rss&utm_medium=rss&utm_campaign=mozilla-pauses-the-ability-to-donate-crypto-after-complaints-and-environmental-impact-considerations-bitcoin-news The Grayscale Investment manager undertakes another phase of balancing its Grayscale DeFi fund. This round of rebalance inculcate the adjustment of the project’s Digital Large Cap Funds. This move marks its second balancing process after its launch in July 2021. An announcement on January 3 revealed the in-depth adjustments to Grayscale’s two funds. The first rebalancing employed the Flexa payment network’s native collateral coin. Related Reading | Could Kazakhstan Turmoil Cause Another Bitcoin Hash Crash? Hence, Grayscale DeFi Fund’s weighting was rebalanced with the addition of AMP. Conversely, the rebalancing process led to the removal of Universal Market Access (UMA) and Bancor (BNT). Though Grayscale created some adjustments to its funds’ weightings, the Grayscale Digital Large Cap Fund (GDLC) suffered no alteration to its token list. According to Grayscale’s announcement, the rebalancing process is the time to include AMP within a Grayscale investment vehicle. Using its native token, Flexa can collateralize crypto payments and engage in fiat settlements. Thus, merchants and other users could quickly receive cryptocurrencies without delays. Significance Of Grayscale Rebalancing ProcessFollowing this second rebalancing process, the addition of AMP brings the number of crypto assets within the Grayscale DeFi Fund to nine in the DeFi ecosystem. Also, the alteration to the Grayscale Fund reflects the changes on the DeFi Index (DFX) of CoinDesk. Among the components of crypto assets that made the Fund, the highest weighting goes to Uniswap (UNI) with 42.33%. The newly added AMP takes up 7.39% of the Fund’s weighting. Having its popularity as Grayscale Bitcoin Trust, Grayscale now has about $30.1 billion assets under management (AUM). The share trading at $34.27 shows a 23% up from July 14, 2021, and a 59.16% up within the last 12 months. The share price of Grayscale DeFi Fund at the press time is $5.56. This depicts an 11.2% rise from its launch price of $5 on July 14, 2021. Moreover, the Fund’s assets under management as of its launch period were $11.6 million with a share outstanding of 2.08 million. Related article | Only In Crypto: A Croissant Breaks Down How GameStop & NFTs Will Boost Ethereum The ‘s performanceGrayscale Bitcoin Trust’s performance and its DeFi Funds is highly above the DeFi Pulse Index (DPI), which is the biggest retail DeFi Index based on the market cap from July 14. However, despite the huge trading volume of the DPI, it still indicates a dip of about 2% within the same interval. Among all spot Bitcoin ETFs and Corporations, Grayscale possessed the most significant upsurge of BTC holdings through 2021. By the end of the year, the Fund accrued 645,199 BTC. This explains 71% of the corporate market and spot ETF BTC holdings. Featured image from Pexels, Charts from TradingView.com The post Grayscale Removes Bancor (BNT) And Universal Market Access (UMA) From Its DeFi Fund first appeared on Cryptobook. Via https://kitaab.store/grayscale-removes-bancor-bnt-and-universal-market-access-uma-from-its-defi-fund/?utm_source=rss&utm_medium=rss&utm_campaign=grayscale-removes-bancor-bnt-and-universal-market-access-uma-from-its-defi-fund While bitcoin, non-fungible token (NFT) assets, ethereum, and cryptocurrencies had an incredible year in 2021, none of the trends made it into Google’s “Year in Search” review. Currently, interest in bitcoin, in terms of Google searches has dropped considerably since the week of May 16th through the 22nd of last year. Search trends for the term “bitcoin” have slid 72% since it scored the highest score of 100 last May to today’s score of 28. Worldwide Search Queries for ‘Bitcoin,’ ‘Ethereum,’ and ‘Cryptocurrency’ Continue to SlideInterest in bitcoin, NFTs, cryptocurrency and ethereum has waned according to Google search trends. Essentially, the web page Google Trends analyzes the popularity of top search queries worldwide and regionally and it scores specific terms and phrases by the number of searches. Last year, crypto-assets like BTC and ETH reached all-time price highs and interest increased a great deal during those specific time frames. Typically, when the price reaches new heights, Google Trends shows that queries worldwide increase and the opposite happens when the price sinks. Metrics show that the term “bitcoin” saw a high of 100 on the week of May 16th through the 22nd, 2021. The search query “bitcoin” was also high in January and February 2021, holding above 75 points. Today, the score is 72% lower than the stats recorded in May as the term “bitcoin” currently has a score of 28. The search query “ethereum” has a score of 8 today which is 68% lower than its highest 2021 score of 25 points. The term “cryptocurrency” has a score of 3 on January 7, 2022, but in May it reached a high of 12. Search Query ‘NFT’ Taps 100 This Week, Search Phrase ‘How to Sell Bitcoin’ Dips, While ‘How to Sell Ethereum’ IncreasesThe shortened term for non-fungible token “NFT” has just peaked at 100 this week, according to Google Trends statistics on Friday. During the first week of January 2021, the search query “NFT” only had a score of 1. The search trend for “NFT” grew slowly during the first six months, but at the end of 2021 and into the new year, it’s jumped considerably to its current all-time high. While the global cryptocurrency market valuation of the entire crypto-economy has dropped in recent times, searches using the phrase “how to sell bitcoin” are low with a score of 12 on Friday. That’s 88% lower than Google Trend’s “how to sell bitcoin” high during the week of February 14th through the 20th of last year. That week, the query for the phrase “how to sell bitcoin” reached 100, while “how to sell ethereum” scored a 12. Interest in the phrase “how to sell ethereum” has increased to a score of 15 today. Tags in this story
What do you think about the current trend of searches for terms like “bitcoin,” “ethereum,” and “NFT”? Let us know what you think about this subject in the comments section below. Jamie RedmanJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Image Credits: Shutterstock, Pixabay, Wiki Commons The post Interest in Bitcoin and Ethereum Slides According to Google Trends Data, NFT Queries Skyrocket – Bitcoin News first appeared on Cryptobook. Via https://kitaab.store/interest-in-bitcoin-and-ethereum-slides-according-to-google-trends-data-nft-queries-skyrocket-bitcoin-news/?utm_source=rss&utm_medium=rss&utm_campaign=interest-in-bitcoin-and-ethereum-slides-according-to-google-trends-data-nft-queries-skyrocket-bitcoin-news Following the Bitcoin crash to $42k, the fear and greed index has declined to extreme fear values not seen since July of last year. Bitcoin Fear And Greed Index Points At “Extreme Fear”As pointed out by an analyst in a CryptoQuant post, the BTC fear and greed index has dropped to very low values. The “fear and greed index” is a crypto indicator that measures the general sentiment among investors in the market. The index uses numbers to represent the sentiment on a numeric scale that goes from zero to hundred. Values of the indicator above fifty mean that the current holder sentiment is that of greed. And values below 50 imply that the market is fearful at the moment. Index values below 25 and those above 75 fall into the “extreme” category, signifying extreme fear and extreme greed, respectively. The indicator usually remains in the greed zone during bull runs. Extreme greed values have historically signaled that a correction in the price of Bitcoin may be near, and a top could form. On the other hand, values of fear may be there during bearish trends, and extreme fear might imply that a bottom could soon form. Related Reading | Bitcoin Whales Contribute 90% Of Money Inflow of Exchanges, How Can We Follow and Make Profits? Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year: The crypto fear and greed index seems to have sunk to extreme fear values | Source: CryptoQuant As you can see in the above graph, the indicator has now dipped to a value of 15. This is the lowest the metric has gone since July of the previous year. Related Reading | Start Of Bear Period? Current Bitcoin Trend Looks Similar To June Incidentally, the day in July when such low values occurred was also around when the Bitcoin price bottomed out. However, the quant in the post notes that this doesn’t necessarily mean that the current price has hit a bottom as well. Following the May crash, the months of May and June also observed similar extreme fear sentiments multiple times. So, it’s rather possible that the current low values of the indicator may persist for a while, just like back then, before the price finds its way back up. BTC PriceAt the time of writing, Bitcoin’s price floats around $42.4k, down 12% in the last seven days. Over the past month, the crypto has lost 16% in value. The below chart shows the trend in the price of BTC over the last five days. After the crash down to $42k a few days back, BTC's price further plunged down to $41k yesterday | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com The post Bitcoin Fear And Greed Index Has Dipped To Lows Not Seen Since July first appeared on Cryptobook. Via https://kitaab.store/bitcoin-fear-and-greed-index-has-dipped-to-lows-not-seen-since-july/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-fear-and-greed-index-has-dipped-to-lows-not-seen-since-july
The invention of Bitcoin comes after decades of hard work, persecution by the government and the relentless perseverance of the cypherpunks. Satoshi was humble enough to stand on the shoulders of cypherpunk giants and use many existing, first principle design parameters to help him/her/they create Bitcoin. Satoshi and the cypherpunks’ efforts are reminiscent and analogous to the valiant efforts of a different type of scientist, astronomers, to prove through first principle methods that the sun was the center of the universe. This article will show you how important it is to fight for new ideas and stand up for what you believe no matter what central authorities tell you to believe. Please note that I write some controversial things in this article so be forewarned that I mean no ill will. I’m just exercising my inalienable right to free speech and love for writing. In the 1600s, it was widely accepted and mandated by the Church and condoned by the Bible that the Earth was the center of the universe. An Italian Dominican monk by the name of Giordano Bruno thought this shitcoin idea was terrible and believed that the sun was the center of the universe. He went against what the Roman Catholic Church and Bible thought to be gospel and he was burned at the stake for his belief! Along came Astronomer Nicolaus Copernicus, who further posited and believed that the sun was the center of the Earth. Copernicus was persecuted by the Church and his writings about the sun being the center of the universe were banned. Copernicus did not agree with the Church’s shitcoin idea just like Giordano. Finally, along came Galileo Galilei who studied Copernicus’ writings and agreed with his theories. Those theories became reality with the advent of the telescope, which allowed the heavens to be more closely studied. Galileo was also persecuted for his writings that went against the Church’s beliefs and their sacred manuscript, the Bible. Giordano, Copernicus and Galileo theorized on and studied the science of astronomy over a span of centuries and proved that the Church was wrong. These men disproved the shitcoin ideas that the Church had clung on for generations and they were persecuted or killed for it. This proves how powerful ideas can be! Money is an idea and for thousands of years the most powerful entities in the world, central banks or central power figures, have written laws that state that money is and should be the center of their universe. Along came Satoshi who disagreed with this shitcoin idea and discovered that money was not and should not be the center of any centralized authority’s universe. Instead, Satoshi, using first principle design parameters of cryptography, computer science, engineering, social engineering, etc., discovered that money was a decentralized necessity that people’s time value revolved around. Bitcoiners are often zealous (toxic) when it comes to protecting others from shitcoin ideas: Shoutout to Neski and his toxic influence on the plebs to have a “sleight of tongue” when they say Ethereum. The toxicity of Bitcoiners stems from the simple fact that they truly believe and understand that bitcoin is the only decentralized money that will ever exist. This is no different than Giordano Bruno adamantly believing that the sun was the center of the universe. Giordano was toxic to the Roman Catholic Church and for this he was killed. Satoshi created Bitcoin and disappeared for a reason. Satoshi knew that when he/she/they created Bitcoin, it would come with great persecution, possibly imprisonment and maybe even death. If you don’t think so, try taking away the control of money from the elites and watch what happens to you! Satoshi was Giordano Bruno. This is a guest post by Jeremy Garcia. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine. The post Bitcoin Satoshi Nakamoto Giordano Bruno first appeared on Cryptobook. Via https://kitaab.store/bitcoin-satoshi-nakamoto-giordano-bruno/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-satoshi-nakamoto-giordano-bruno Meme coins have enjoyed a phenomenal 2021, and this year is expected to be no different. Given the high returns that meme coins come with, investors are hunting for top meme crypto to buy now. Meme currencies like Shiba Inu and Dogecoin have dominated discussions, with business crypto enthusiast like Elon Musk frequently backing their favourites. Other dog-themed joke cryptocurrencies aren’t far behind, since these digital assets have seen widespread adoption and utility, especially with the rise of the Metaverse. Here are some of the top meme crypto to buy now if you are looking to invest in this digital asset niche. 1. Dogecoin (DOGE)Dogecoin remains the number one investment option for investors looking to buy meme coins. Elon Musk, the CEO of Tesla and SpaceX, has backed the dog-themed cryptocurrency, which has experienced significant price surges in the previous year. Dogecoin now has a market capitalisation of $20.7 billion, up 0.28% in the previous 24 hours. The digital asset value increased by 1503.70% in the previous year, and analysts predict a significant price gain by the end of 2022. At press time, DOGE is trading at $0.1561, up by 0.26% in the last 24 hours. As Elon Musk revealed in early December, Tesla will begin accepting Dogecoin as a payment option for some of its products. Dogecoin’s price soared by double digits as a result of this statement. Investors are hopeful of another rally in price when this finally happens. 2. Shiba Inu (SHIB)In 2021, Shiba Inu enjoyed exponential growth as the meme coin frenzy gathered steam. Many crypto analysts still expect this popular meme coin to return in 2022 positively. The ERC-20 token might reach $0.0001 in the next 12 months, according to CryptoPredictions.com. Bitstamp announced that it would be providing support for SHIB in the next few months. Shiba Inu being listed on Bitstamp has a big impact because SHIB could accomplish this functionality in less than two years after launching. Bitstamp is more than just another trading platform; it’s one of European investors’ most trusted and user-friendly tools. Bitstamp is the largest cryptocurrency exchange in Europe, with 4.4 million users worldwide. The Shiba Inu Utility token recorded a 1.88% drop in the asset’s fully diluted market cap to $17.3 million. While the coin is currently running with the bears, investors are hopeful that the coin will turn the corner in the coming months. 3. Samoyed (SAMO)Samoyed Coin is another dog-themed cryptocurrency worth mentioning as one of the top meme cryptos to buy now. The SAMO token has witnessed significant growth in recent months and is based on the Solana blockchain. The digital asset has cultivated a reputation thanks to the scalability of the Samoyed network and is currently trading at $0.03126 with a 4.06% decrease in the last day. Samoyed founders are making great strides, with plans to introduce the Samoyed Academy later in the year. The Samoyed academy is an online platform where crypto enthusiasts can learn more about the industry and the Solana ecosystem. The SAMO academy will provide high-quality educational material, tools and resources required by investors and traders to excel within the crypto ecosystem. 4. Dogelon Mars (ELON)Dogelon Mars (ELON) is a meme coin inspired by Dogecoin (DOGE) and Tesla CEO Elon Musk. The digital currency had enormous price fluctuations in 2021, and some believe it still has room to grow. The ERC-20 token standard is used by this Ethereum-based project, which means it will utilise the Ethereum network for security while also adding its own unique features to the token. At the time of writing, Dogelon is trading at $0.000001309, down 4.50% in the last 24 hours. ELON is currently on a strong bullish run, with its current price sitting well above the 20-day and 200-Day Moving average support prices. The coin recorded a $30.4 million 24-hour trading volume, indicating a 9.36% drop in volume. The digital asset also experienced a 2.22% decline of its market capitalisation, placing current values at $1.33 billion. The ERC-20 token gained popularity following the anticipated listing of the token on crypto.com. This listing followed the precedent set by Huobi and Gemini. 5. Safemoon (SAFEMOON)SafeMoon is one of the most recent cryptocurrencies to emerge in 2021. This cryptocurrency concept is a decentralised financial system driven by the community. There are 585.536 billion coins in circulation after the initial introduction in the first quarter of 2021. The digital asset recorded a 24-hour trading volume of $3.2 million, down by 88.9%. However, the digital asset is trading with the bulls as the current price sits well above the 20-day Moving average support price of $0.00000005. Safemoon is set to launch operation Phoenix. Operation Phoenix is a collection of initiatives that have come together to improve the Safemoon environment. Wind turbines and nanotechnology are two of the technologies included in this initiative. By producing compact and super-efficient wind turbines, the technology is decentralising wind turbine energy technology. Safemoon’s tiny turbines will aid in the decentralisation of wind turbine energy technology by allowing consumers to purchase and construct their turbines. It’s a game-changing innovation. Safemoon is also getting ready to launch its much-anticipated Safemoon Exchange. The digital asset’s team has applied for a European Union (EU) e-money licence to improve exchange operations. In the second quarter (Q2) of the year, the Safemoon card, a critical product for the exchange’s operation, will also be available.
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