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Reddit May Be Joining the NFT Bandwagon

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About a week after Twitter Blue announced its new NFT profile picture feature, world-renowned social media platform Reddit announced that it’s also working on incorporating NFT avatars. On Thursday, Tim Rathschmidt, the spokesperson of Reddit, spoke with TechCrunch, saying:

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However, he also clarified that the feature is still a “small, internal test,” and the company still hasn’t decided whether it will roll out the feature to the public. Still, app developer Nima Owji took to Twitter to post a Reddit banner promoting the upcoming feature. The banner suggested that the supposedly small and internal testing is already making much progress.

As mentioned, Twitter also launched NFT profile pictures last week, much to the dismay of many users. The feature is only available to iOS users who subscribe to Twitter Blue, a paid service for those who want more out of the platform. Despite the uptick in popularity, it appears that gamers and Web2 developers aren’t too fond of these non-fungible tokens.

After Twitter Blue launched the new feature, a GitHub contributor quickly developed a browser extension that immediately blocks those Twitter users who are using the new NFT hexagonal photos.

As for Reddit, this isn’t the first time that the platform has experimented and played around with the concept of NFTs. The platform even has a dedicated page for NFTs, which you can check at nft.reddit.com. Not only that, but Reddit also brought in crypto tokens for the r/Cryptocurrency and r/Fortnite communities back in May 2020. These tokens were known as MOON and BRICK under Ethereum.

Elon Musks Says He’ll Only Eat At McDonald’s If They Start Accepting Dogecoin

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Elon Musk’s first stimulus package for Dogecoin holders is now available. As the cryptocurrency market as a whole struggled to regain its footing, an Elon Musk tweet caused Dogecoin to surge. McDonald’s is the topic this time. The community manager of a fast-food business has been luring cryptocurrency users by offering them jobs now that the market is down. And Musk brought the conflict right to their door.

“I will have a happy meal on TV if Mcdonald’s accepts Dogecoin,” says the challenger. So far, no response has been received from the establishment. However, the market did. Dogecoin’s price has risen from $0.1333 to $0.1449. And the day isn’t finished yet. Will the coin continue to rise in value? Is a crash unavoidable? We’ll have to wait and see what happens.

Previous Elon Musk Pumps Examples

The Tesla millionaire has been experimenting with the Dogecoin community for some time. His involvement with the meme coin has grown to the point where media question him about it in every interview. And, of course, Bitcoinist has documented every Elon Musk pump.

For example, the market reacted when the billionaire tweeted that Bitcoin and Ethereum were excessively slow in comparison to DOGE.

“The tweet was meant with much optimism from the Doge community. The coin which has been taking massive hits since the crypto bloodbath began saw a significant boost in the price of the coin.

Doge which had fallen below the $0.20 threshold saw a bounce back in the hours following Musk’s tweet. The rebound pushed the coin price back up over the $0.20 price point. And now the coin is trading a little above $0.22 at the time of this writing.”

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It’s worth noting that the market was also in the midst of a “crypto carnage” at the time Elon Musk tweeted that. On another occasion, when the billionaire tweeted that he was thinking about establishing The Texas Institute of Technology & Science, a university that would accept Dogecoin tuition, the market reacted:

“Dogecoin saw $3 billion added to its market cap following the tweet, setting it up on a path to try to reclaim its spot from top rival Shiba Inu. However, the new sweetheart of the dog-themed tokens community maintained its hold above Dogecoin. DOGE’s rally towards $0.3 brought its market cap close to that of SHIB which had suffered through the weekend.”

The Billionaire Has Failed As Well

Not every one of Elon Musk’s antics culminated in a pump. When he made no effort and simply tweeted “Release the Doge,” the market remained stagnant, prompting Bitcoinist to remark, “Has Musk lost his edge over Dogecoin?”

“Investors began calling for the billionaire to resume tweeting about Dogecoin. Which had by this point lost over 60% of its all-time high value. But Musk seemed committed to not tweeting about Dogecoin.

The price which had risen significantly to as high as $0.80 went back down below $0.20. Before making a small correction and receiving back up above $0.20. Where it currently sits trading in the $0.20 range.”

Then, of course, there’s Elon Musk’s infamous SNL appearance. DOGE suffered when the billionaire hosted Saturday Night Live and failed to elicit even a single laugh.

Elon Musk urges McDonald's to accept dogecoin for payment

“To the disappointment of many, however, Musk’s cameo ended with the cryptocurrency tumbling nearly 30% in less than an hour. Its prices plummeted from $0.69 to a new low of $0.49, before paring losses by recovering to as high as $0.55. At press time, Dogecoin is trading at $0.53.”

Of course, the huge contrast in prices must be noted. As previously said, DOGE is currently selling at $0.1449, and people are ecstatic. It is a long way from the heights of its glory days. Will the fast-food eatery come to the rescue and boost the value of Dogecoin even further? Keep an eye on Bitcoinist to learn out.

As investors buy the crash, Bitcoin netflows turn negative

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According to on-chain data, Bitcoin netflows have become progressively negative since the fall, implying that investors have been buying the dip.

According to an analyst in a CryptoQuant post, BTC netflows have begun to turn negative since the crash a few days ago.

The “all exchanges netflow” is a metric that quantifies the net amount of Bitcoin that enters or exits the wallets of all exchanges. The metric’s value is determined as the difference between inflows and outflows.

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When the indicator’s value is positive, it signifies that there are now more inflows than outflows. Such levels indicate that investors are sending a net amount of coins to exchanges, presumably for sale.

As a result, positive netflow numbers might be bearish for Bitcoin prices because they boost the coin’s selling supply.

On the other side, positive readings indicate that a net sum of coins is being withdrawn from exchanges. This trend can be beneficial for cryptocurrency because holders typically shift their BTC out of exchanges for hodling.

Here’s a graph that displays the trend of Bitcoin netflows over the last six months:

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As shown in the graph above, the Bitcoin netflow has turned progressively negative in recent weeks as the cryptocurrency’s price has plummeted. This demonstrates that speculators have been buying the “dip” by transferring a net sum of coins out of exchanges.

As previously stated, the supply on exchanges is frequently seen as the “selling supply” of BTC. As a result, the trend of decreasing during the last few weeks may be bullish for the price in the long run.

At the time of writing, the price of Bitcoin is hovering around $36.5k, down 13% in the last seven days. The value of the cryptocurrency has dropped by 28% in the last month.

The chart below depicts the price trend of BTC over the previous five days.

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Bitcoin’s price fell as low as $33k yesterday before rising above the $36k mark today. At present, it’s unclear whether the coin has bottomed or if further declines are on the way.

However, if netflows are any indication, the medium to long-term picture may remain favorable.

Polkadot is competing to become the official jersey sponsor of FC Barcelona

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Polkadot and a number of other sponsors have approached Barcelona about partnering with them before their contracts with Rakuten and Beko end in six months.

Despite the Nou Camp’s financial difficulties, the LaLiga club continues to attract commercial interest. A potentially profitable proposal could even be enough to alleviate the club’s off-field problems significantly.

Barcelona is still seeking for firms to front their shirts as well as have their emblem on their sleeves and training outfits; thus, the total value of the sponsorships could exceed $90.1 million.

Polkadot, a blockchain network created in 2016 that gained traction last year, is one of those competing for sponsorship. According to a recent press release, FC Barcelona describes the protocol as a platform that supports a “large number of transactions per second,” or 1,000 TPS. It is expected to reach 1,000,000 once fully operational.

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Another possible partner for Barça is Spotify, a digital music streaming service. According to the Spanish team’s long-term strategy, it will thoroughly research the options before deciding on a sponsor:

“The club has decided to take things with patience to analyze in-depth each proposal in procures to reach the most profitable agreement on a long-term basis.”

With Alves and Pedri at the club, some of the biggest Spanish football names could soon promote Polkadot at games throughout the world.

FC Barcelona is not a novice to the market for digital assets. A few months ago, the team announced a global collaboration with the NFT marketplace Ownix to develop a non-fungible collection for its fans. However, the club canceled the agreement shortly after when Moshe Hogeg (a relative of Ownix) was arrested for a multitude of charges, including fraud and sexual assault.

Binance had previously been rumored as a potential FC Barcelona sponsor, but the cryptocurrency exchange was not included in the formal announcement. Polkadot was the only one who made the cut.

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Polkadot’s offer, as fees climb, can only be regarded as a calculated move – with the network seeking to attract new retail investors as DOT attempts to restore its spot among the top ten cryptocurrencies (by market cap).

It is, however, an attempt to replicate the prowess and success of huge corporations like crypto.com, Binance, and FTX, which have dominated the industry’s sports sponsorship promotion.

Because of its new parachain method, blockchain technology has received a lot of interest. Simply put, this feature enables multiple blockchains to communicate with one another. It also enables users to build a blockchain with their Substrate framework and connects Polkadot’s network to other projects such as Ethereum and Bitcoin.

In November of last year, the protocol’s development team staged its inaugural Parachain slot Auction. Earlier this month, Moonbeam, a smart contract platform, became the first fully running parachain on Polkadot. It plans to add a number of new connectors, activities, and users to help enhance the Polkadot ecosystem and build the network.

Russia’s Central Bank will prohibit cryptocurrency trading and mining

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Russia, one of the world’s most crypto-powerful countries, has announced plans to regulate digital currencies. The Russian Central Bank recently recommended a ban on cryptocurrency mining and trade within the country’s borders.

The worldwide cryptocurrency frenzy has reached an all-time high. With those crazy price fluctuations from Asia to America, governments are becoming concerned about how privately operated and highly volatile digital currencies could challenge their control over financial systems.

Russia has long been opposed to cryptocurrencies, claiming that they could be used to launder money or finance terrorists. So, in 2020, Russia legalized these currencies but prohibited their usage as payment methods. The step was taken because the Russian rouble was unable to keep up with inflation rates at the time (around 13 percent ).

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The Russian Central Bank has issued a study warning about the risks of cryptocurrency speculating. Concerns at the bank center on possibly overheated markets and citizens. Furthermore, possible crypto booms could cause severe disruptions to global financial stability.

The recent ban on cryptocurrencies, including exchanges, in Russia, has made headlines. However, Binance, a cryptocurrency exchange, told Reuters that it was dedicated to working with regulators and hoped that the study’s publication would begin a debate between central bank officials about protecting Russian cryptocurrency consumers’ interests.

The governor of Russia’s central bank has likewise stated that no limits on cryptocurrency ownership are planned. According to estimations, Russia’s annual crypto transaction volume is close to $5 billion.

The Russian Central Bank declared that it would work with regulators throughout the world to obtain Russian client operations data from cryptocurrency exchanges. Using China as an example, local governments are allowed strict control over virtual currency activities in China despite criticism.

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In recent months, China has tightened its grip on cryptocurrencies. They issued a blanket ban on all cryptocurrency transactions and mining in September. The restriction significantly impacted Bitcoin and other major coins, driving investors out of the market.

Russia, the world’s third-largest Bitcoin mining country behind the United States and Kazakhstan, may witness a miner exodus due to tightening regulations following turmoil earlier this month.

According to Russia’s Central Bank, powerful computers mine Bitcoin and other cryptocurrencies by competing against one another to solve complicated mathematical challenges. The mining process necessitates the usage of massive amounts of electricity provided by fossil fuels or nuclear physics.

“We need to recommend a restriction on crypto mining to save energy resources,” said bank officials.

Crypto Currently Has ‘Mountains of Fraud,’ Says IRS Special Agent

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During a conference, Ryan Korner, a top special agent from Los Angeles’ Internal Revenue Service (IRS) Criminal Investigation field office, said that NFTs and cryptocurrency, in general, are the “future.” However, the space is currently cluttered with fraudulent activity and manipulation. On Tuesday, he expressed his opinion regarding crypto during a virtual event hosted by the USC Gould School of Law, Korner.

Bloomberg quotes the special agent, who said, “we’re just seeing mountains and mountains of fraud in this area.” During the event, he said that the IRS CI division acknowledges the existence of the crypto sector and how much it has grown throughout the years. However, he also highlights how crypto assets are currently being used for more than just trading and making payments.

For instance, these digital assets are also being used for various illegal activities, such as market manipulation, money laundering, tax evasion, and fraud. Korner specifically emphasized market manipulation during his talk, detailing how high-profile investors have the power to change an asset’s value by a simple Tweet.

He also touches upon how celebrities have been involving themselves in the crypto space, possibly referring to big names like Floyd Mayweather and Kim Kardashian, who were involved in a lawsuit for allegedly promoting a deceitful token EthereumMax.

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Shafin_Protic (CC0), Pixabay

Crypto Is the Future

Korner revealed during the conference that their division is currently training and educating agents regarding the world of NFTs and crypto because “this space is the future,” and it’s doubtful that it will go anywhere anytime soon. The IRS is also working with other federal agencies such as the Justice Department to ensure that everyone is on the same page regarding the matter and that all agencies will work hard to stay ahead of criminals and other malicious individuals.

In 2021, IRS investigators seized a total of $3.5 billion worth of crypto associated with financial crimes.

How To Select A SEO Company for Your Project In Australia

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Choosing the right SEO company for your business can have a lasting effect on your business. This is a big investment towards marketing your business website. A trustworthy digital marketing agency that holds authority in the field of search engine optimization, is a need for the growth of your business.

In a competitive industry of digital marketing, if you are not sure how to pick the right SEO company, focus on finding one that is trustworthy holds authority and claims to be a top-rated SEO company. Association with the best SEO agency can have a lasting effect on your business and prioritize its core values. It can generate more organic traffic and get your website rank on top in the search engines. They will develop a user-friendly website.

There are numerous leading SEO companies that offer the best services across Australia at affordable prices. They have professionals that understand the objectives of your business and employ perfect SEO techniques to make your business grow and be top-ranked on your website. To find out the best SEO services in Australia, you can go through the online reviews of Australian SEO companies to make it easier for you to decide.

In this article, we have shared some important guidelines to help you find out which SEO company is best for your business.

Good companies avoid shortcuts in SEO campaigns

A trustworthy and legitimate SEO company focuses on high-quality search engine optimization techniques. The process of search engine optimization and generating increased organic traffic can be a challenging task. It takes time and is a tricky process to produce and achieve desired results.

There are many not-so-good SEO companies that employ shortcuts such as black hat SEO,  or stuffing the content with keywords, using a purchased link to trick search engines’ algorithm, like Google’s for higher ranking in search results. These unethical SEO techniques can demote your business website. Choose a company that has a strong work ethic and understands the core values of your business.

Make sure you weed out the right SEO companies from the wrong ones, you can look for SEO quote from top-ranked and experienced Australian SEO companies to help you grow your business online and outgrow your competitors.

They have a good reputation

You can easily get a list of top-notch SEO companies in Australia. These listicles provide genuine and substantial names of companies that have well-connected clients who are satisfied with the quality of the services these companies have provided the clients.

Go through the list of the companies that have a good ranking in the field and are renowned for their quality services, or gather the reputation and references from the clients.

They measure and communicate logically

There are many SEO companies in Australia that offer excellence in measuring every aspect of the growth and organic visibility of your business. Investing in an SEO company is not enough, it also requires effective implementation, teaching, and continuous measuring of the progress. They will use a myriad of SEO tools such as Google Analytics, Google Search Console, Google Keyword Planner, Google My Business (to list your business on Google), SEMRush, and AShrefs to measure and track the progress of your business.

A great SEO company will give you access to these tools and will communicate and keep you in the loop about your website’s performance.

Reap benefits of choosing the best SEO company

Before you select an SEO company in Australia to hand over your project, you need to consider the scope of this process as a big step towards the success of your business.

Selecting the best SEO company will help you navigate your business, generate ample traffic and backlinks, and handle all your online marketing affairs and the technicalities of optimization and search engine improvements.

Everything you need to know about Weed

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Weed is also called CBD and it is the short form of cannabidiol. Weed has been used since time immemorial for treating many ailments including common problems like cognitive ailments, anxiety, mental disorders, and many more issues that can fix the external pain in your body. Weed is extracted from the plant called the Marijuana plant and it can have some psychoactive issues that come along with the absence of THC. There are many consumers who feel that using the weed-based oil can help in giving away the medications that can add a quick impact and get a good recovery from all the troubling symptoms. Once you buy weed online, you have the choice of using several benefits. If you buy weed online, it remains the most comfortable option for us. Even several medical professionals are now talking about the benefits of CBD oil and thus even extract the same. Weed gives the following benefits, which we often see the doctors talking about:

  • Weed-based oil helps us to grow our heart stronger and it also helps in making our circulatory system of patients apart from helping us to control our blood pressure as well.
  • Weed or CBD oil can also have some neuroprotective features and it helps in protecting your brain along with helping you relieve the symptoms that come in the form of different mental disorders.
  • Weed can also show some positive effects on reducing the issues related to skin and acne. It helps in preventing sebum as found in the skin along with having some anti-inflammatory features that can help in relieving the symptoms found in acne.
  • The oil can help in relieving certain cancer-related symptoms, claims several research studies. CBD also helps in reducing the pain along with vomiting and other issues caused by chemotherapy.
  • There is a constant use of weed both on humans and animals that has shown a certain positive impact on reducing issues like anxiety and depression. It can even help in checking certain properties that prove out to be a normal anti-depressant.
  • CBD acts like the patient that comes along with THC, which further helps in reducing the pain caused owing to certain ailments including MS and RA issues.
  • CBD can even have certain features that can further help in reducing the issues like diabetes along with keeping a watch over the growth of tumors both among the human and animal glands.
  • As per research studies, one can find too many issues coming along with CBD that can help in treating several patients that are further involved in issues like substance abuse and many more patients that are seen suffering from mental ailments including schizophrenia and bipolar ailments.

Conclusion

Weed can have some amazing impact on your body and it can remain one of the most amazing sources of medication that can help in making things with normal medication. But if you check with your doctor you are likely to remain allergic to the product. When it comes to everything you need to know about weed, finding a reliable source like the weed delivery Ladner is essential for a safe and convenient experience.

Night Vision vs. Thermal Goggles Explained- The Basic Facts Revealed

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Night vision is something we’ve all heard about. This once-military-grade technology is now relegated to espionage flicks and clandestine devices. What covert spy doesn’t wear night-vision goggles during a stakeout? Aside from movie clichés, what is night vision, and how does it vary from Speedir’s preferred driving safety technology, thermal goggles?

Driving at night is the most hazardous time of day. With your eyesight severely reduced by the darkness, headlights can only provide a little amount of assistance. They are sometimes insufficient to give you enough time to respond when a hazard, like an animal or pedestrian, appears in the road, and they are renowned for making matters worse in heavy rain or fog. So, which one is the best?

You could believe that a night vision camera could be useful. They may be useful in some conditions, such as seeing in the dark. Night vision is a technology you may be aware of; it was originally limited to military-grade equipment, but it is now widely available in anything from smartphone cameras to simple home security systems. However, when compared to more modern technology, such as thermal goggles, it falls miserably short in terms of assisting you to see at night while driving.

To begin, you need to understand how each technology works on its own so that they may be compared to notice the significant difference between night vision and thermal goggles. One can also visit www.agmglobalvision.com to more about it.

What is Night Vision?

Night vision gadgets use the same technology as normal cameras but at a higher magnification. These devices scan night-time environments and absorb any visible light that is there. This light is then amplified and shown in visuals with a greenish tint. Night vision devices are often known as “image intensifiers.” This is a better, more precise phrase for them, because the broad term “night vision devices” refers to both image intensifiers and thermal goggles or infrared cameras, as they all help in night vision.

Night vision image intensifiers are a simple technology that works in the same way as a conventional camera but amplifies any available light. If there is any ambient light present, such as light from the moon, stars, or distant light sources, its intensity is increased and shown as greenish pictures. This technology is widely seen in movies, video games, and television shows, but it is also employed in real-life circumstances by the military, police enforcement, and hunters to identify wildlife such as deer in the woods at night.

What exactly are thermal goggles?

Thermal goggles, also known as infrared (IR) imaging, is a technology that uses infrared scanners to measure the heat signatures of objects in comparison to other objects in the vicinity, and then translates those heat signatures into an image in which the higher heat signatures are highlighted brighter and easier to see. This technique has several uses in a variety of contexts, but not everyone is aware of its breadth of utility.

Which is more effective, night vision or thermal goggles?

As you can see, there are many significant differences between thermal and night vision cameras, and the thermal camera is the winner of the best camera for nighttime driving safety. With its extended range, flawless heat detection, and high-quality photos, response time for road hazards at night will improve, as will your peace of mind. However, the thermal goggles camera has many more applications than only driving at night.

What Is the Difference Between Night Vision and Thermal goggles?

The following are the distinctions between night vision and thermal goggles:

  • Night vision requires surrounding visible light to function correctly. Thermal goggles do not require any light to operate.
  • Night vision works by increasing visible light in the immediate vicinity. Thermal goggles work by employing infrared sensors to detect temperature variations between objects in their line of sight.
  • Night vision intensifies the light in a scene and converts it into green-tinted pictures. Thermal goggles convert heat signatures into distinct pictures, with objects with greater heat signatures shown in bright yellow, orange, or red.
  • Conditions such as dust, smoke, gloomy evenings, rain, and fog impede night vision. These circumstances have little effect on thermal goggles, which can observe.

4 Countries Where Crypto Trading Is Completely Illegal

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Close-up Turkish Ten Lira and US One Dollar banknotes and one golden bitcoin coin as background.

Since the introduction of bitcoin into the market, cryptocurrency has been a source of contention. The anonymity of bitcoin is the single most important reason for it. It is the foundation of bitcoin, and it is for this reason people choose to invest in this cryptocurrency.

However, you may be unaware that criminals are now using bitcoin to commit heinous crimes. Some of these operations include hacking and theft, in which the fraudsters steal money from people and investors. There is no doubt that bitcoin exchanges are putting extra effort into securing their websites and avoiding unwanted assaults.

However, most countries continue to believe that they are not providing adequate security for their funds. As a result, several governments have begun to oppose the usage of this technology. In some countries, there are some guidelines that bitcoin investors and bitcoin exchanges must observe, while in others, the usage of bitcoin is completely prohibited.

We all know that crypto trading is quite profitable for people on british-bitcoinprofit.org since they can make a large profit in a short period of time. However, some governments regulators continue to resist bitcoin and other cryptocurrencies.

Russia

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Russia is one of the countries having problems with bitcoin and cryptocurrencies. To begin, you should be aware that bitcoin traders in this country are not permitted to trade because it is illegal to invest and trade in Russia.

The crypto regulators have gone a step further by blocking access to markets where residents can buy cryptocurrencies. Furthermore, bitcoin holders are not permitted to use this cryptocurrency as a means of payment. This country follows a regulatory course, although digital currencies are still prohibited.

China

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By outlawing this cryptocurrency, China has increased the pressure on the digital currency sector in their respective countries. You may have noticed that China was the country with the greatest number of miners earlier.

This country was teeming with bitcoin miners who contributed significantly to the global hash rate of this cryptocurrency. According to reports, China has banned digital currencies in their country due to rising energy prices.

Another reason for the ban was the increased energy consumption in bitcoin mining and transactions. Because there are so many strict rules against the use of digital currency, the developers of bitcoin exchanges want to relocate from the country to a location where they can operate those exchanges.

Turkey

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Previously, people in Turkey could engage in bitcoin trading without fear of government repercussions. However, the Lira, the country’s legal tender, has begun to lose value as a significant number of people have shifted to using bitcoin.

You may be unaware that the country’s central bank issued a statement in April this year prohibiting the use of digital currency. Due to the uncontrollable risks that traders had to face while trading this cryptocurrency.

Nigeria

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The amazing thing is that, prior to 2017, Nigeria was the country that was quite active on the world level in terms of bitcoin trading. However, in February, the country’s central bank announced that banks would no longer provide services to bitcoin exchanges.

It indicates that the country has outlawed all forms of cryptocurrency trading. Prior to the prohibition, Nigeria stood at the top of the list of countries when it came to bitcoin-related activity in Africa. However, with the ban, several banks chose to close down accounts associated with bitcoin exchanges and bitcoin investors.

Final Words

Bitcoin is the best method or tool for producing money in the shortest amount of time. Because of its high-end features, it is gaining worldwide traction. However, some countries are concerned that digital currency would cause a drop in their national fiat currency value. If you do not live in any of these countries, you should invest in this cryptocurrency to make the most money. There is no better way to make money than trading bitcoin on the listed bitcoin exchanges.

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