Monthly Archives: June 2022

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The downturn in cryptocurrencies is expected to fuel a wave of consolidation in the crypto sector during the second half of this year and into 2023, according to Needham.

Valuations for public crypto companies have fallen by about 70% this year, senior research analyst John Todaro told Barrons. The sector is also in the midst of a crypto crash, which has wiped out about $2 trillion in value in the past several months. This means crypto companies are cheaper now than they were a year ago when the sector was in the midst of an upturn, Todaro said.

This could present an opportunity for a traditional company to get their foot in the sector at a lower valuation than they couldve six to nine months ago, Todaro said.

Traditional, or non-crypto-native, companies that have been active crypto acquirers include Animoca Brands, the gaming investment company, which has made three acquisitions in the crypto space, Todaro said in a June 22 note. In May, the exchange operator Cboe Global Markets closed its buy of Eris Digital Holdings (ErisX), which operates a U.S.-based digital asset spot market. According to Todaro, other potential strategic buyers include investment firm CollinStar Holdings; Deutsche Boerse, which operates the Frankfurt Stock Exchange; and online broker Robinhood Markets (HOOD).

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Crypto mergers represent a tiny chunk of the overall deal market. According to Dealogic, 14,667 global announced mergers have totaled $2.2 trillion as of June 22. This compares to just 43 crypto transactions valued at about $6 billion for the same period. The biggest crypto transaction this year is the merger of Coincheck, a Japanese exchange, with special purpose acquisition company Thunder Bridge Capital Partners IV , which Dealogic values at $1.75 billion.

While the downturn represents an opportunity for traditional buyers, Todaro anticipates that much of the dealmaking will be crypto-to-crypto. The most acquisitive companies will likely be the exchanges, he said.

Coinbase Global (COIN) has been a leader in buying up businesses, Todaro says. Since it was founded in 2012, the exchange has scooped up 26 companies valued at over $800 million, Todaro said.

FTX, a crypto exchange, has been active recently, agreeing to buy Canadian exchange Bitvo last week, while its affiliate FTX US acquired stock clearinghouse Embed Financial Technologies on Tuesday. FTX is also providing a $250 million credit facility to BlockFi.

Kraken, a smaller rival to Coinbase, has completed a dozen deals, while the crypto exchange Binance.US has done eight acquisitions, Todaro said. Then, theres Galaxy Digital Holdings , which isnt an exchange but a crypto-focused financial services firm; it has completed three acquisitions since it was formed in 2018 and has a pending deal for crypto-custody specialist BitGo. The four transactions are valued at more than $1 billion, Todaro said.

Todaro also expects more distressed mergers since its harder for businesses to raise money now compared to 2021, he said. Some crypto companies have already started to work with legal firms on restructuring, he added. Celsius Network, the crypto lender that suspended customer withdrawals last week, has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its debt issues, The Wall Street Journal reported last week. Celsius and Akin Gump didnt immediately respond to requests for comment.

Although more complicated than traditional M&A, restructuring represents an attractive opportunity to buy companies at a deep discount, Todaro said.

Write to Luisa Beltran at luisa.beltran@dowjones.com

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The Cryptocurrency Crash Could Lead to a Wave of M&A - Barron's

Changpeng Zhao does not like ambiguous words. Which is just as well: the crypto industry, in which he is a leading figure, is in turmoil and crying out for clarity.

The 45-year-old founder and chief executive of Binance, the worlds biggest cryptocurrency exchange, meets the Observer in an upmarket London hotel after one of the most tumultuous weeks in the short history of digital money.

Binance was forced to suspend its bitcoin business on 13 June for a few hours. On the same day, a major crypto lender, Celsius, also paused withdrawals. Then a big crypto hedge fund admitted it was in trouble. Finally, last Saturday, in a symbolic moment, bitcoin fell below $20,000. The cornerstone of crypto has lost more than half its value this year, leaving both professional and amateur investors nursing steep losses.

Often referred to by the nickname CZ (see-zee), Zhao is dressed in the classic tech-tycoon mix of formal dark suit with a company T-shirt and trainers. He says he is travelling from country to country at the moment, meeting with different government officials, regulators.

Despite his softly spoken manner, he is on a mission to convince. The conversation gets hooked on semantics at times perhaps a response to the level of scrutiny he and his business are under. Asked if he still considers the recent crypto market moves to be normal, as he described them this month, Zhao says: Normal depends on how you look at it everybody has a different definition of normal fluctuations in price is normal.

There is a similar focus on meaning when Zhao is asked about money laundering the word is very different in different countries although he says Binance can for sure do a good enough job that the regulators are happy.

Last June, the Financial Conduct Authority ordered Binance to stop all regulated activities in Britain, saying it was not capable of being effectively supervised. Zhao has not given up, however, and says he is seeking a licence to operate.

Last week, Bloomberg ran an interview with him that raised the prospect of a deep regulatory winter for his business. He responded by tweeting to his 6.5 million followers: I will stop doing interviews with news outlets that do clickbait titles.

He clearly has a deep interest in media. Binance has announced plans for a $200m (160m) investment in Forbes, the business publisher, as well as investing $500m in Elon Musks $44bn bid for Twitter.

Born in the coastal province of Jiangsu, north of Shanghai, Zhao followed his academic father to Canada when he was 12. After graduating from Montreals McGill University with a degree in computer science he worked on programming systems for the Tokyo Stock Exchange and Bloomberg. Zhao then moved to Shanghai in 2005, where he founded a high-frequency trading platform.

It was there that he was drawn into a conversation about bitcoin during a poker game in 2013. Binance was founded four years later.

Age 45Family I like to keep that private for security and privacy reasons.Education McGill University, Canada.Last holiday Takes one- or two- day vacations a few times a year, but not long vacations.Best advice hes been given Internally, keep your head down and build. Externally, learn risk management. If everything went to zero, are you still OK?Biggest career mistake Should have started Binance sooner.Words he overuses Who is responsible for this? Who?How he relaxes Books, hanging out with friends.

The impact of recent events on Zhaos fortune has been precipitous, according to one source. The Bloomberg Billionaires Index estimates that his wealth based on a 90% stake in Binance and his control of its related US exchange has fallen by more than $75bn since January to $20.6bn, as the wider market has more than halved over the same period to about $900bn.

Zhao laughs that off. I actually have no idea how they come up with those numbers. You need to understand that net worth are just estimates, he says. When I look at my wallet, I dont have that much. I dont have anywhere close to any of those numbers.

If you are wondering how Zhao could find $20bn in his wallet anyway, he is referring to his crypto wallet the encrypted account on a blockchain where digital money is stored. Although all blockchain activity is technically public, most large investors try to keep their wallets pseudonymous, and Zhaos has not been publicly identified.

Binance makes money by connecting buyers with sellers, for a fee. It provides an exchange for a range of currencies, from bitcoin to dogecoin and non-fungible tokens (NFTs). The company also offers to store those assets in a crypto wallet, and there is a range of financial products, including derivatives. It has 120 million customers globally and processes $1tn worth of trades a month, with Italy and France among the countries it is allowed to operate in, although customers can access it through the unregulated, offshore binance.com platform.

Last year, Zhao told the AP news agency that he only held bitcoin and his firms own crypto-asset, BNB.

One issue puzzling regulators is the lack of clarity about Binances structure. The holding company is registered in the Cayman Islands but the company describes itself as having decentralised ownership, with its terms and conditions referring to an ecosystem. For instance, its US exchange is separate from the main binance.com platform, whose operating base is not disclosed.

Some of the other questions over Binance are more serious. Reuters published a report in June that alleged it had served as a conduit for the laundering of at least $2.35bn in illicit funds from hacks, investment frauds and illegal drug sales.

Zhao says he disputes the claims very heavily, adding the public record afforded by blockchains should have enabled Binance to trace the transactions. We ask for a list of transactions, not just a list of names. They provided zero.

Reuters said: We stand by our reporting on Binance, which has been consistent with the Trust Principles [its in-house guidelines] of accuracy and freedom from bias.

The conversation moves on to those who have had savings wiped out by the crypto rout. We absolutely have sympathy for anyone who has lost money in trading in any market, including stock markets, says Zhao. He says financial literacy is key, and mentions his companys own Binance Academy.

He concedes there could be more failures in the crypto market. But he is unambiguous that there will be survivors. There may be other failures. But crypto will stay, bitcoin will stay, ethereum will stay, BNB will stay. That part is quite certain.

More here:
Changpeng Zhao: tech chief in the eye of the cryptocurrency storm - The Guardian

This guide discusses the next cryptocurrency to explode in 2022, highlighting the coins with the highest price potential, before showing you how to invest in the most potential cryptocurrency today. But in a sea of 19000+ cryptocurrencies, how do you narrow in on the coin that is most likely to explode this year?

This guide answers this and introduces you to what are believed to be the next cryptocurrencies to explode. These dont just promise to grow your investment exponentially in the next few months, they are sustainable and highly resilient investments that you can use to compound your gains for years to come.

Searching for the next crypto to explode from a pool of close to 20,000 digital assets can be quite overwhelming. Our team of dedicated crypto analysts and investors has researched numerous projects and narrowed it down to 10 hugely promising digital assets that they consider the best crypto to buy for maximal gains in 2022.

Virtual currencies are highly volatile. Your capital is at risk.

Heres a closer look at the top next cryptocurrency set to explode in 2022When coming up with this list of the next cryptocurrencies to explode in 2022, the guide looks at a host of factors. We examined their past price action, their sustainability, the applicability of their blockchain technology, community, and their scalability.

We believe these 10 coins have the most likelihood to explode and sustain an uptrend in the foreseeable future because they have all these features. Let us examine them all in detail below:1. Ethereum (ETH) - Overall best next cryptocurrency to explode in 2022Ethereum tops the list of the next cryptocurrencies to explode in 2022 because of the sustainability of its blockchain technology and promising outlook. Today, Ethereum is the largest smart contract platform. It also houses the largest pool of emerging crypto technologies - from DeFi to NFTs, meme coins and even dApp technologies.

These are expected to push up the demand for ETH tokens over the longer term. Such a heightened demand for ETH in the midst of a reduced supply and more efficient blockchain, brought about by the Ethereum 2.0 upgrade, is expected to ignite a significant price jump for ETH tokens.

Other factors that convince us Ethereum is the next crypto to explode include its past price action. Established in 2015, Ethereum has survived the most volatile price dips to earn its earliest investors an ROI in excess of 650,000%. Throughout this period, it has proven its resilience through its ability to rebound quickly after even the most volatile market crash.

The majority of analysts and investors are convinced Ethereum is a sustainable project that will not only explode but also sustain the positive uptrend. We expect it to rebound and its 2021 highs before December 2022 and blow past $10,000 by 2025.

>>>Buy Cryptos Now

Virtual currencies are highly volatile. Your capital is at risk.2. Ripple (XRP) - Top pick for the most popular crypto with great rebound potentialRipple is as popular as it is controversial. At the moment, its developers are embroiled in a legal battle against the SEC in US federal courts, battling accusations that they promoted and sold unregistered security to the public. It is nevertheless, still considered the best cryptocurrency to buy in 2022.

It ranks this high on the list of the next crypto to explode because of its resilience. Despite the ongoing legal battle and the negative press around, Ripple has sustained an overall positive uptrend - with its ROI exceeding 7000% - and its position among the top 10 most valuable cryptocurrencies. Investor interest in the altcoin hasnt been deterred, its popularity has soared, and its community has grown steadily.

It is featured in this list because of the relevance of its blockchain and the applicability of the XRP tokens. It seeks to make global payment services more efficient by increasing the speeds of cross-border cash transfers while lowering transaction fees. It has already been embraced by major banks in more than a dozen countries. We believe the SEC case is the only thing limiting its eventual explosion.

3. ApeCoin (APE) - Top pick for the most promising altcoinApeCoin makes it to the list of the next cryptocurrencies to explode in 2022 because of its massive popularity. It also makes it here because of its stellar past price action and the level of development taking place in the ApeCoin ecosystem. In the three months that it has been around, it already has an ROI exceeding 500%.

ApeCoin also has one of the most active communities of followers. These range from A-list celebrities to the most popular crypto influencers. Its crypto products, from the altcoins to NFTs and even the recently launched virtual lands have always been oversubscribed. All these have had the net effect of pushing up APE token prices.

In the short term, a recovering crypto market and the APE community are expected to ignite the tokens price explosion. And over the longer term, the launch of more products like a recovering crypto market and developments on the network like the anticipated ApeCoin main net will spur future value gains.

4. Binance Coin (BNB) - Next crypto to explode among exchange-based coinsBinance coins are the utility tokens for the Binance-exchange affiliated Binance chain network. It is one of the most popular and most useful blockchains. It has also had a stellar past performance, recording an ROI of more than 200,000% in the close to 5 years it has been around.

It has already made it to the list of top 10 crypto assets in 2022 and its popularity is further amplified by its close association with the Binance exchange - the largest and most liquid exchange in the world.

Three key factors have us convinced the Binance Coin is ready to explode. First, Binance and the Binance Smart Chain are constantly increasing use cases for the BNB tokens - from transaction fees to staking on DeFi platforms. Secondly, Binance is constantly burning excess Binance coins. Lastly, Binance is a resilient altcoin and adjusts quickly to the market - dipping when it crashes and forcing a bull run if it rallies. These factors are expected to spark BNB token price explosion and a rally to $1000 by 2025.

5.Solana (SOL) - Next smart contract blockchain token to explodeSolana is one of the fastest-growing smart contract ecosystems. It has only been around for less than two years and during this time it has made its way to the list of top 10 cryptos, grown its market cap to peaks of $78 billion, and currently has an ROI of 18,000%+. The level of growth on its blockchain network is also on overdrive which justifies that Solana is the altcoin to watch and a perfect addition to the list of next cryptocurrencies to explode.

The Ethereum killer mirrors all the development projects taking place on the Ethereum network. From launching highly successful meme coins, hosting popular NFTs, playing home to the metaverse, and allowing for the creation of ultra-secure and ultra-fast DeFi programs and dApps.

Solana also has a higher throughput than any other top-tier smart contract platform. It has scored multiple partnerships with big brands, its community is growing fast. The level of developer activity on the Solana network has also been on the rise. All these factors are expected to increase demand for SOL tokens, fuelling its sustained value gain while a recovering crypto market sparks its explosive rally towards 2021 highs over the next few months.

6. Cardano (ADA) - Top pick for the most secure blockchainCardano is the largest smart contract platform running on the energy-efficient proof of stake consensus algorithm. It also ranks highly among the most secure blockchains seeing that all the programs and upgrades on Cardano have to be peer-reviewed before implementation. This has helped draw in security-conscious crypto developers and brands to the network in droves.

But these arent the only reasons why it is believed that it will be among the next cryptocurrencies to explode. Others include its resilience and stellar past price action. For starters, the supposed Ethereum-killer has sustained an overall positive uptrend. It has also proved its resilience by rebounding swiftly after some of the most devastating market crashes.

Over the next few months, a recovering crypto market is expected to spark its explosive rally towards its 2021 highs. A growing crypto community, in-network developments, and partnerships with leading brands are then expected to fuel further uptrend and a possible climb past $10 in the next 5 years.

7. Decentraland (MANA) - Most promising metaverse tokenDecentraland is one of the most popular and the most promising metaverse projects, which ensured we feature it on our index of the next cryptocurrencies to explode. It is the oldest metaverse and therefore, enjoys the first-mover advantage that has helped it morph into the largest and most valuable virtual world. This has also helped it score crucial partnerships from leading on- and off-chain brands.

The Decentraland crypto community is also growing fast. The crypto project has attracted a growing number of investors as well as big-name on- and off-chain brands who either are actively building programs on the ecosystem or own virtual land here. These make metaverse one of the most promising metaverse coins to buy and a top feature on any crypto investor's list of the next crypto to explode.

As is the case with most other coins, we expect a recovering crypto market and rekindled metaverse craze to spark an explosive rally that takes MANA token prices back to their 2021 highs. The Ethereum upgrade, developments in Decentraland virtual lands, and the incorporation of more play-to-earn games are then expected to continue fuelling its already uptrending prices. In the next 5 years, the crypto community is convinced MANA can break above $20, making it one of the best crypto to buy today.

8. Uniswap (UNI) - Next decentralised exchange coin to explodeUniswap is commonly referred to as the DeFi king. It is the most popular and one of the largest decentralized exchanges. It is built atop the Ethereum tokens and launched its utility and governance UNI tokens in late 2020. Today, these have an ROI of more than 1000%. Its popularity and community of followers are on the rise, which convinces us that its token prices will sustain its current uptrend, which explains its conclusion on the list of next cryptocurrencies to explode in 2022.

But these arent the only factors making Uniswap the best crypto to buy today. Three particular factors make it one of the most promising crypto to invest in today. First is the growing awareness among crypto investors and traders about the need for anonymity and need for privacy.

Secondly, Uniswap is very dynamic, constantly upgrading its systems to suit investor needs for instance it is operating the Uniswap V3, its multi-chain (available on both Ethereum and Binance Smart Chain), and will soon roll out on Ethereums Optimus - a layer 2 scaling protocol hosted on Ethereum network. Lastly, we expect more activity on Uniswap when Ethereum eventually rolls out the Ethereum 2.0 upgrade.

All these will play a crucial role in helping Uniswap sustain its current uptrend, possibly breaking above $100 by 2025. Over the next few months, however, we expect a recovering crypto market to help spark a UNI token price rally that pushes it above the early 2021 highs of $44.

9. Shiba Inu (SHIB) - Top pick for the next meme coin to explodeShiba is the second most popular and most valuable meme currency. Launched in August 2020 SHIB tokens have grown their market cap to $6 billion (had peaked at $41 billion in October 2021). By May 2021, it had helped its investors grow their capital by more than 5 million per cent.

The contracting market has seen the token lose more than 90% of its all-time high. But the market is expected to recover swiftly and analysts expect a rekindled meme coin craze. These two factors played the biggest role in influencing SHIBs value gains in 2021 and are expected to help it get to its all-time high. They also, albeit partly, informed our decision to include Shiba Inu on this list of the next cryptocurrencies to explode.

It can be noted that in the recent past Shiba Inu developers have decided to enrich the Shiba ecosystem. They have created the Shiba Swap decentralized exchange, a token launch pad, and accelerated the burn rate for SHIB tokens. These, plus a bulging community and celebrity endorsements are also expected to continue influencing its uptrend over the longer term.10. Bitcoin (BTC) - Overall best cryptocurrency to buy in 2022Bitcoins resilience and ability to withstand even the most critical news or government opposition makes it the overall best crypto to buy in 2022. Additionally, the pioneer crypto currently trades close to 60% below its all-time high. Over the next few months, however, it is expected to resume an uptrend and break above the 2021 highs, which is why it is included among the next cryptocurrencies to explode.

But these arent the only reasons that make Bitcoin worth buying or why it made it to our list of next cryptos to explode. Others include the fact that it is already recapturing its market dominance, which is a testament to increased investor interest in the most valuable crypto. As both crypto and traditional markets crashed, most investors converted their crypto holdings to Bitcoin in recognition of its stability and safe-haven status.

Other factors that make Bitcoin the most promising crypto investment include its increased use cases. Even countries - led by El Salvador and the Central African Republic - have started giving it a legal tender status.

This adoption is expected to continue rising, pushing up demand for BTC coins - against its fixed supply which has the net effect of sparking a price rally. Experts are confident that Bitcoin price prediction can explode and race past $100,000 by the end of 2022 before growing tenfold and breaking above $1 million by the turn of the decade.

Final Word - Next cryptocurrency to explode in 2022Finding the next crypto to explode from over 18,000+ crypto-assets can be overwhelming. This crypto investing guide, however, has introduced you to what are considered the 10 most promising cryptocurrencies set to explode in 2022. It has discussed each and explained the factors that make them the best crypto to buy today.

Pick one promising crypto and follow the buying guide to start investing in the current dip.

>>>Buy Cryptos Now

Virtual currencies are highly volatile. Your capital is at risk.

Disclaimer - The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

See the rest here:
Next cryptocurrency to explode in 2022 - Economic Times

Avalanche's AVAX/USD price has decreased 3.84% over the past 24 hours to $19.01. This is contrary to the coins performance over the past week where it has experienced an up-trend of 8.0%, moving from $17.68 to its current price.

The chart below compares the price movement and volatility for Avalanche over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 8.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.08%. This brings the circulating supply to 282.11 million, which makes up an estimated 39.18% of its max supply of 720.00 million. According to our data, the current market cap ranking for AVAX is #17 at $5.37 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Avalanche Decreases More Than 3% Within 24 hours - Benzinga - Benzinga

After the closure of Yao Ding, I can't open it anymore. It can only be a pity that Elder Han's only feeling after seven days is too careful and not put all other rare elixir in. Otherwise, there may be more visions. Maybe the Tianlou Ruicai mentioned above may come true.

After the closure of Yao Ding, I can't open it anymore. It can only be a pity that Elder Han's only feeling after seven days is too careful and not put all other rare elixir in. Otherwise, there may be more visions. Maybe the Tianlou Ruicai mentioned above may come true.

After this practice stopped, Ye Fan thought of the Ji family again and felt a little headache.

After the fruit started, Ye Fan felt the bitter cold, and the boiling pulp did not turn the green jade snow lotus. He seemed to bite the apple and tasted it carefully. Of course, this time he was very careful not to make a little sound, everything was silent, after all, it had passed all day and night, and he was cooked in common sense.

After the words were over, Ye Fan suddenly became difficult and rushed directly to a man from three meters away, and he moved out.

After the monk reached a certain state, the wheel of life that seemed to be slapped, but the inside was like a real world.

After the voices of the consciousness, Ye Fan rushed to the depths of the fire domain. He believed that if Ji Ziyue was guarded, it would be difficult for the other party to have the opportunity to take advantage of it.

After the closure of Yao Ding, I can't open it anymore. It can only be a pity that Elder Han's only feeling after seven days is too careful and not put all other rare elixir in. Otherwise, there may be more visions. Maybe the Tianlou Ruicai mentioned above may come true.

After the large void is repaired, he cannot capture the figure.

After the two disappeared, the other five were surprised except the Mado people.

After so long, Ye Fan believed that the Jiang family's knights should have left, and it was impossible to investigate him persistently.

After they left, the giant city below was a hustle and bustle, and many monks rose into the sky. What happened today is too surprising.

After seeing the corpse and Ye Fan on the ground, he died of a sudden, and his face couldn't believe it, shocked, and said: You

After the three rare psychic medicines were refined, Ye Fan's sea of suffering had undergone amazing changes. In the center, the color fog is steaming, and the countless magic patterns are surrounded by countless magic patterns. There are constantly rushing out of the sea.

After some speeches, it was very casual. Someone toasting in various wine tables, and some people were surrounded by the wine table.

After the night was quiet, the star peak in front of him was even more brilliant. The stars were sprinkled, white and translucent, as if Ruixue was flying, and white jade was falling, which made people feel a huge star power.

After that, the East Wilderness and Southern Regions are about to turn around. If the god body is lost, the Ji Jiafei can overturn this land

After the Ji family retreated, it became a tranquil place. Unless the Lord of the Lord came, it was believed that few people could break into the seventh layer of fire domain.

After seven days, Guanghua gradually gathered, and the entire cave government was a little dim. Ye Fan's body surface no longer had gloss, such as dead wood, living in life, no longer flowing out.

After the words were over, Ye Fan suddenly became difficult and rushed directly to a man from three meters away, and he moved out.

After the old lunatic appeared on the table, he did not use the lines above. Instead, he moved by himself and quickly engraved with extremely complicated patterns.

After the monk reached a certain state, the wheel of life that seemed to be slapped, but the inside was like a real world.

After the Ji family retreated, it became a tranquil place. Unless the Lord of the Lord came, it was believed that few people could break into the seventh layer of fire domain.

After the bloody mist rose, Li Yuan's light sword touched, and he made a snoring sound, but he was melted. He waved his big sleeves, shocked the blood mist, and hit the sky. It was not until a long time that it was calm here.

After the words were over, Ye Fan suddenly became difficult and rushed directly to a man from three meters away, and he moved out.

After some speeches, it was very casual. Someone toasting in various wine tables, and some people were surrounded by the wine table.

After that, the East Wilderness and Southern Regions are about to turn around. If the god body is lost, the Ji Jiafei can overturn this land

After the night was quiet, the star peak in front of him was even more brilliant. The stars were sprinkled, white and translucent, as if Ruixue was flying, and white jade was falling, which made people feel a huge star power.

After that, it was the emperor of the demon tribe, and it must be left by the last generation of demon emperors With us at all, we can only wait for the strong ones of the Holy Land to support it, but I dont know how much will there be at that time. The martial arts rushed.

More:
can you make money in forex and cryptocurrency - Asia Insurance Review

Two Virginia men are accused of taking part in a home invasion plan in Irvington two years ago that targeted tens of millions of dollars in cryptocurrency, the U.S. Attorney's Office said Friday.

Dominic Pinedaand Shon Morgan, both 21, were arrested in Virginia on an indictment in the Southern District of New Yorkcharging them with conspiracy to commit Hobbs Act robbery.

Federal authorities would not confirm whether the target was an Irvington High School senior, Ellis Pinsky, who three weeks earlier made headlines when hewas sued by a cryptocurrency investor claiming Pinsky had stolen more than $23 million in Bitcoin from him in 2018.

But Irvington police Lt. Kevin Johnson said Fridaythat there was a break-in on May 23, 2020, at a home on Hamilton Road. He would not specify the house but Pinsky's mother owns a home on that street.

Police responded to an alarm at the home as well as a 911 call from a resident shortly before 4:30 a.m. When they arrived, one person was found in the basement and another outside the house, Johnson said.

A pair of brass knuckles was found in the house.

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Johnson would not identify the two but said neither were Morgan or Pineda. No state charges were filed and a decision was made that the case would be handled by federal authorities.

According to U.S. Attorney Damian Williams, Pineda and Morgan conspired with others to break into the house and"force its residents to provide the code to what the defendants believed was tens of millions of dollars in Bitcoin currency."

Hobbs Act robbery is one that affects interstate commerce. The defendants were expected to be presented Friday afternoon in U.S. District Court in Virginia. It was not immediately clear who their lawyers were.

The case was investigated by the FBI Westchester County Safe Streets Task Force with assistance from Irvington police and the Greenburgh Drug and Alcohol Task Force.

Pinsky was sued in federal court weeks before the break-in by Michael Terpin, a cryptocurrency investor from California, who claimed he had $23.8 million in Bitcoin taken from him "through a hack perpetrated by Pinsky and his gang of digital bandits."

According to the lawsuit, Pinsky was 15 at the time Terpin lost his money in 2018 through a so-called SIM swap, a sophisticated hack in which a victim's cellphone is accessed to obtain personal information that can help access cryptocurrency accounts.

The lawsuit, which is ongoing, alleges that Pinsky and his associates amassed more than $100 million through crypto hacks. Pinsky began representing himself last year because he could no longer afford his lawyers. He has since gotten other lawyers.

Pinsky and his new lawyers could not be reached.

Another person involved in taking Terpin's money was Nichola Truglia, who pleaded guilty to conspiracy to commit wire fraud last year in federal court in Manhattan.

Terpin has successfully suedTruglia in California for more than $70 million.

Twitter: @jonbandler

Read more:
Virginia men busted in Irvington robbery plot targeting cryptocurrency - The Journal News

Gambling has been known for a long time, because it dates back to the craps game. Years of development and technology have taken it to a new level and now you can test your luck at online casinos. Many choose this way of earning as an easy approach to get money.

Others consider online games a way to relax, have fun and if lucky to pull off a nice score. As mentioned above, modern problems need modern solutions, so casinos working with cryptocurrency are becoming popular. Best tron casinos open opportunities to make money, when all you need is the desire and the right calculations. Popularity of this entertainment is also due to the blockchain technology, because it is essentially the most obvious way to end the gambling industrys non-transparency. But is it true? Lets look at how blockchain and cryptocurrency affect gaming.

The main thing about blockchain is that you can create on its basis not only something about cryptocurrencies, but any service based on this technology. Blockchain is a continuous consecutive chain of blocks containing data, set up according to certain rules. Most often, copies of the blockchain are stored on many different computers independently of each other.

The term first appeared as a name for a fully replicated distributed database implemented in the bitcoin system. Because of this, blockchains are often referred to transactions in various cryptocurrencies. However, blockchain technology can be extended to any interconnected blocks of information.

Companies of all sizes and industries are experiencing blockchain technology. But organizations need to understand the value of blockchain and the differences between its different types (integrated, private, public, etc.) They also need to understand if the technology makes sense in each case and how best to integrate it into their business.

Most projects use blockchain technology within the corporate space. It could be an exchange of digital assets between two or more parties, a way to track the movement of goods from one location to another, or a way to verify trust between two parties when evaluating information.

Passion is an integral part of any persons life. Proponents of gambling consider it an innocent hobby that can enrich a player in a matter of seconds. While the opponents talk about the risk of losing everything.

All this has led to the prohibition or serious restriction of gambling in many countries. Other states, on the contrary, dont take any significant measures to regulate this market. Both approaches have their pros and cons. In case of strong regulation, a great part of the market goes underground and allows criminal activity to flourish. It causes a number of problems which newly established businesses are trying to avoid.

Nevertheless, the non-transparency is an integral part of the gambling industry, regardless of the state policy in relation to it. So this is where blockchain technology and cryptocurrency gaming come into play.

It has become the best way to ensure the transparency of the gaming industry. Blockchains unchangeable and verifiable nature makes it the perfect solution to ensure the complete integrity of any online game.

Many projects that have emerged in recent years use this technology in varying ways. It guarantees anonymity, transparency and honesty, which are becoming major advantages for gaming online. You can also benefit from resources like BestSlotsWorld, which reveals details about different casinos and collects a selection of verified resources. In that way you narrow down the search of gambling websites.

The advantages of blockchain have already expanded beyond fintech. The key blockchain properties are attractive to gambling companies as well, because they provide:

Gambling is evolving, and new technologies are creating new workflows and simplifying all processes. Cryptocurrency also has a great impact on businesses giving many advantages. Blockchain makes the platform work fast and as secure as possible from possible fraud. The technology is able to solve the gambling problems, such as lack of transparency, speed of payments and high entry barrier for new players. So dont be afraid to gamble with cryptocurrency and score big.

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Impact of Blockchain and Cryptocurrency on Gambling Industry - Gamesreviews

Solana's SOL/USD price has decreased 5.14% over the past 24 hours to $36.51, continuing its downward trend over the past week of -1.0%, moving from $37.37 to its current price.

The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 32.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.03%. This brings the circulating supply to 342.77 million. According to our data, the current market cap ranking for SOL is #9 at $12.54 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Solana Decreases More Than 5% Within 24 hours - Benzinga - Benzinga