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A Tesla And $50K Worth Of Dogecoin To Be Given Away In New Binance Promo

By
Christian Allen Tandoc
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Binance just stated that it had reopened Dogecoin withdrawals after previously restricting them owing to a problem with Doge’s latest upgrade. Users who had been unable to withdraw their Dogecoin from the platform were relieved by the restoration. Following this, Binance CEO Changpeng Zhao offered a community gift.

How To Participate

According to the CEO’s statement, the sign-up process for participating in the sweepstakes was rather simple. To be eligible, Zhao stated on Twitter that all individuals had to do is retweet the announcement tweet, follow his account, Elon Musk’s account, and the official Binance Twitter account. Finally, users must tweet the award they desire and why they deserve it using the provided hashtags.

https://twitter.com/cz_binance/status/1465309845012287490?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1465309845012287490%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fbitcoinist.com%2F50000-in-dogecoin-and-a-tesla-up-for-grabs-in-binance-giveaway%2F

The CEO revealed that users might win $50,000 in Dogecoin or a brand-new Tesla. Each of these prizes would be awarded to fortunate winners who were chosen based on their tweets using the hashtag. The tweet includes a 13-second video demonstrating the prizes up for grabs in the sweepstakes.

The contest began on September 29th and will continue until December 13th, when the winners of both categories will be chosen and awarded their prizes. The winner of the automobile will get a Tesla Model 3, with the option of receiving the car’s BNB value equivalent.

Tweets competing for the top spot in the sweepstakes have already begun to circulate on the network. Twitter users have used the hashtags to express what they would do if they won the prizes. This includes holding, acquiring real land, and paying for education, among other things. Users can only enter the contest once.

Dogecoin has seen some market gain, but not enough to make a significant difference. The digital asset’s price has been trending down at $0.2 point, which was more than 60% lower than its all-time high. Although the buzz surrounding meme currencies has not subsided, it appears that the market has forgotten about the initial meme currency.

Dogecoin price chart from TradingView.com

Price of Dogecoin

The meme currency has maintained its dominance in social media and Google search trends despite the downward trend. For November, Dogecoin ranked first among 30 U.S. states regarding the most searched cryptocurrency.

Although signs point to sell signals being in the majority, the beginning of December has not been too awful for the price. The price has remained over the $0.2 mark.

Damages In Bitmart Hack Now At $196M As BSC Wallets Compromised

By
Christian Allen Tandoc
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Hot wallets from the cryptocurrency exchange Bitmart were hacked on both Ethereum and Binance Smart Chain, resulting in a total loss of about $200 million USD.

PeckShield, a blockchain security and data analytics startup, discovered the breach on Ethereum first. Binance Smart Chain was also impacted, it was discovered.

PeckShield reports 20 distinct cryptocurrencies stolen from Bitmart’s hot wallets, totaling $100 million USD on Ethereum and $96 million USD on Binance Smart Chain. According to PeckShield, the attacker utilized 1Inch to convert tokens into Ether and Binance Coin before transferring the assets to Tornado Cash to remain anonymous.

Bitmart CEO Sheldon Xia alerted users of the exchange about the attack through Twitter. He added that all withdrawals are temporarily halted until further investigation, but those cold storage wallets, which keep the vast bulk of the cash in custody, have not been hacked.

“The affected ETH hot wallet and BSC hot wallet carries a small percentage of assets on BitMart and all of our other wallets are secure and unharmed. We are now conducting a thorough security review and we will post updates as we progress.”

Woonkly.com Social Network Now Decentralized Thanks To NFTs

By
Christian Allen Tandoc
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Without question, the NFT industry will be one of the fastest-growing in 2021. According to NonFungible.com, NFT sales surpassed $2 billion in the first quarter of 2021, more than double the volume achieved in the fourth quarter of 2020. This amount does not include sales from NBA Top Shots or the $69 million obtained from the auction of Beeple’s digital artwork in March. Statistics also revealed a buyer-to-seller imbalance, with a 73,000:33,000 buyer-to-seller ratio.

According to DappRadar, revenues in the third quarter surpassed $10 billion, more than double the previous quarter. The frantic atmosphere of the market is reflected in the soaring sales and enormous prices for NFTs. Because digital assets are utilized to purchase these digital things, NFTs have frequently been touted as a driving force in crypto values. This explosion underpins the fact that NFTs have become a staple.

Blockchain has transformed the DeFi industry, putting greater power in the hands of content creators. Nobody could have predicted that blockchain technology would get to this degree eleven years ago. The current technological state only explains that the world is ready to welcome the next phase of decentralization. Its popularity is expanding, and businesses are using it to boost adoption more than ever before.

Decentralization at a Higher Level

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Every company’s aim and objective is to become decentralized. Artists in the NFT realm want to be able to mint digital collectibles and sell them easily for a profit. However, even the most experienced specialist would tell you that minting NFTs is not the easiest of tasks. The amount of time and effort required to mint one NFT is astounding.

Woonkly.com seeks to further decentralization by bridging the gap between blockchain and the traditional world. Woonkly is a Spanish business with the goal of decentralizing social networking with AML protocols based on NFTs. These AML solutions ensure the protection of users and investors while also allowing users to swap tokens from other networks.

The goal is to allow people to make Wookly NFTs, sell them, and buy them at auction. The beauty of Woonkly NFT is that you can make one in under five minutes, upload and share your material with other social network members, and even earn advertising income. The Woonkly chain records ownership of digital goods such as photographs, films, virtual territories, and so on.

Woonkly NFTs is a one-of-a-kind concept created by a determined team of revolutionaries. The team aims to develop solution-based solutions that address common issues in the ecosystem.

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Users will be able to buy collectibles and digital products using the WOOP token, but they will also be able to pay with other cryptocurrencies. On the other hand, payment with WOOP will incur a 1.5 percent charge, while payment with other virtual currencies would incur a 3 percent commission. This is designed to encourage the adoption of the WOOP native token.

Woonkly NFTs: How Do They Work?

Making your own Woonkly NFT is a simple process. All you have to do is follow the steps below:

  • To begin, you must register and link your wallet (ideally a MetaMask wallet) to the platform.
  • Upload the file to create your NFT. After that, decide on a name, a price, and a royalty charge.
  • To submit it to Woonkly, approve, mint, and draw your signature. You have the option of auctioning it or selling it at a fixed price.

Woonkly social media will first be available on the Ethereum Network and then on the Binance Smart Chain Network. It will also be linked to other blockchain networks via an app to improve user experience. Woonkly will also create its metaverse and collaborate with superstars from other sports and other businesses to accelerate the platform’s growth. Please visit their website for more information about Woonkly.

Blockchain.com Launching New NFT Marketplace

By
Christian Allen Tandoc
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Blockchain.com, a cryptocurrency exchange and wallet provider, has announced that it will establish a new NFT marketplace shortly.

Today, the company stated that a new non-fungible token marketplace would be added to the platform shortly. Anyone interested in getting early access may sign up for the beta waitlist on the official website.

In the next weeks, customers will be able to purchase, trade, and keep NFTs directly in their Blockchain.com wallet, according to the business.

The platform’s primary goal is to acquire non-fungible tokens as simple as purchasing bitcoins. Blockchain.com has introduced an NFT explorer to its website ahead of the debut of the non-fungible token marketplace.

“We aim to make entry to the NFT market as simple as access to the crypto market,” the business stated in its release. “You’ll be able to explore, purchase, sell, and securely store NFTs without ever leaving your Blockchain.com Wallet with the Blockchain.com NFT marketplace (in beta).”

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Earlier this year, the NFT market had its first big boom, with weekly trading volume exceeding $190 million in May. However, the market promptly plummeted by about 90%.

This precipitous drop led some to believe that the bubble had burst and that the market would never recover. However, a new boom had begun by August, and the market had hit considerably greater heights than in May.

The weekly trade volume surpassed $1.6 billion by the end of August, which remains the metric’s record to this day.

Although the volume has declined dramatically since then, there is still substantial interest in the market.

The following graph depicts the trend in NFT weekly trading volume over the last year:

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The 90 percent NFT collapse in May was precipitated by the Bitcoin (and wider crypto market) crisis at the time.

At the time of writing, the price of BTC is hovering at $57k, up 5% in the previous seven days. Over the last month, the cryptocurrency has lost 9% of its value. The chart below depicts the price of Bitcoin over the previous five days.

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Ethereum Fees Implies DeFi Has Become Playground Of The Rich

By
Christian Allen Tandoc
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0
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The high costs on the Ethereum network have been a source of concern, as they have increased to the point where utilizing ETH for tiny transactions is no longer practicable. Users of the network became aware that they were occasionally required to pay fees in excess of the transaction amount, prompting requests for a remedy.

Numerous patches have been proposed to address this issue, the most recent of which was proposed by Ethereum inventor Vitalik Buterin himself. This problem, however, remains, and it has resulted in a huge disparity between those who can afford to pay the fees and those who cannot.

Figures from the DeFi space reveal that the market is shifting away from smaller merchants and into the hands of whales. Decentralized finance provides investors with an alternative to traditional finance, often with a high entry barrier. Still, small investors find it increasingly difficult to take advantage of services designed specifically for them.

Ethereum price chart from TradingView.com

On Monday, Kaiko released a research note highlighting the developing difficulties in the DeFi industry, one of which is a rise in average trade sizes. The study centered on DEXs and their increasing value. After peaking in May, trade volume on these marketplaces has increased average. If Ethereum network costs did not rise so much, this would be a pleasant outcome.

Ethereum hosts the majority of DeFi activity, making it the preferred network for investors. However, network costs have continued to grow, with values reaching $100 per transaction.

Along with this, the average trade size on DEXs has increased. According to Kaiko’s research report, the average deal amount on Curve has increased to between $500 and $1 million every trade.

Curve was not the only DEX to significantly rise in average trade size. DEXs across the DeFi ecosystem has seen increased daily trade sizes. The average deal size on centralized exchanges is $2k to $4k per trade. In comparison, the typical daily trading size for DEXs is $10Kk to $20K.

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According to the research paper, the high transaction costs on the Ethereum network are to blame for the increase in trade sizes. Instead of doing many transactions and incurring hefty fees each time, DeFi customers choose to perform a single large transaction to save money.

This, according to Kaiko, backs up Chainlysis evidence indicating “whale traders” account for the bulk of trades on DEXs.

“What is noteworthy to note is that average trade sizes have climbed on all DEXs over the past several months while the actual number of deals has remained unchanged, implying that the typical trader profile now skews towards ‘whale,'” the report added.

Features May Have Missed From Animal Crossing

By
PVP Team
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0
animal-crossing

For those who have not caught up with the times, Animal Crossing got a huge update recently, meaning that there were definitely some huge game-changers to the entire experience that are now from the corners of our little islands. The great thing about this, however, is the fact that the free update did not require you to spend a dime unless you are looking to extend your gaming life further through the additional purchase of Animal Crossing Happy Home Paradise.

Within this article, we will uncover all the latest updates from this world’s most-loved game, including all the things you may have missed from the gameplay. There are much cute attention to detail aspects that are hidden and have gone unnoticed by many, so we are here to tell you exactly what’s what! Additionally, there are eSports betting opportunities that you can check out too, to occupy your time on other things besides your gaming Switch console!

Ladders can also be customized

The ladders were once the only equipment item that was not available for customization. You could change your net, spade, and so on, and well now, you can make your ladder more groovy and down with the times. From different color customizations to pattern fabrications-it is definitely not too shabby for us and a nice feature to pay attention to on Animal Crossing.

House Exteriors

Yes, now you can really customize your home exactly to your tastes-internally and externally. There are cute wood log cabin features that are available, which really add to the cozy vibe, especially with the festive season being right around the corner. Every color, style, and architectural design you can think of is available, and we love it!

Morning Yoga Stretch 

You can now commit to a morning stretch routine with your fellow residents. Using the buttons to control the movements, you will need to follow the lead of the directions, so you can be in sync with the other towns residents and music of course. But hey, it actually is much harder than it looks and will take a couple of tries to feel the music really and get it right. Do not worry, other residents actually can get it wrong too, so you are not the only one who looks completely silly-in a cute way.

Recipes and Cooking 

This probably will be many people’s favorite, because cooking meals to have more options that are nutritious for your character, will help get jobs done when it comes to restructuring your island. One thing that needs to be said is, everything you catch and plant can be incorporated within recipes, so do not get rid of any items so easily! Just like the message in a bottle feature that shows up on the beach, you can get food recipes to aid your adventure and love of cooking. It is most definitely a huge hit for us! Who knew making sea bass and herbs could be so exciting and fun to do? More reason to go exploring around your island and collecting ingredients for yourself!

Scooching Through Furniture 

This is a super underrated feature that allows you to utilize your space really to the best of your abilities. You will see that furniture can be rearranged better and more efficiently, around your home interiors, besides providing better space and function to yourself and other residents that stop by to visit you. Can’t sit and watch the TV from your sofa? Not a problem! Just suck it in and scooch all the way through.

Isabelle’s News Announcements

We all got a bit bored of Isabelle’s repetitive announcements each and every day, right? Well now, you can actually hear new updates, news, and things to do with the newly available updates on your island. Everything from new stalls on the ton square, to the seasonal changes and what to expect from them, will be elaborated by Isabelle. So, make sure you make the most of it!

Billionaire Charlie Munger Says Crypto Is Crazy and Wished It Was Never Invented

By
Christian Allen Tandoc
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Charlie Munger, an American billionaire investor and the vice-chairman of Warren Buffett’s Berkshire Hathaway, has once again slammed the crypto community.

Munger is well-known for his anti-crypto beliefs, and he never hesitates to express them. A few years ago, the billionaire declared his distaste for Bitcoin, calling it a “turd” and a nonproductive asset.

Munger noted today at the Sohn Hearts and Minds conference that the present investing climate is “more severe” than anything he has ever seen. He went on to declare that cryptocurrencies are insane and that he wishes they had never been developed.

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The 97-year-old investor does not grasp the cryptocurrency market’s surge:

“In terms of values, I believe the dot-com boom was wilder than even what we have now.” But, in general, I think this age is much crazy than the dot-com era. I’m never going to buy a cryptocurrency.”

Munger added, expressing his strong opposition to cryptocurrencies: “I wish they hadn’t been developed.” He also blamed the madness on the peculiarities of American Millennials. “I’m not sure what they’re like in Australia, but they’re really strange here: very self-centered and very socialist,” he remarked.

At the same time, in a controversial stance, Munger complimented China for their statewide crypto prohibition, claiming that they acted more maturely than other countries. He also chastised the US administration for failing to take comparable measures.

Total crypto market cap on TradingView.com

According to him, cryptocurrency is a product of capitalism’s excesses, eventually harming investors.

“I just can’t stomach being a part of these absurd booms, one way or another.” It appears to be working; everyone wants to join in, and I am taking a new approach. “I want to generate money by selling people things that are helpful for them, not terrible for them,” he explained.

“Believe me when I say that those who create cryptocurrencies are not thinking about the client; they are thinking about themselves.”

Warren Buffett, Chairman and CEO of Berkshire Hathaway shares Munger’s views on cryptocurrency and has previously attacked it.

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Charlie Munger maintains his criticism of bitcoin’s volatility and lack of regulation. Earlier this year, the Vice Chairman of Berkshire Hathaway termed it “disgusting and opposed to the interests of society.” And he is supported by Warren Buffett.

However, this was not the first time the duo of rich investors has condemned cryptocurrency. In 2018, Buffett referred to bitcoin as “probably rat poison squared,” while Munger referred to it as a “turd.” The coin was valued at roughly $9,800 at the time.

Following Buffet’s remarks that year, Bitcoin’s price continued to rise.

KuCoin New Job Post Reveals They Are Hiring Metaverse Engineer

By
Christian Allen Tandoc
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0
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The global KuCoin cryptocurrency exchange has a job vacancy for a Metaverse Engineer and is looking for a highly trained specialist.

The job description offers a lengthy list of requirements, defining the candidate’s future scope of work and showing the prospective path for KuCoin’s development in the blockchain and metaverse arena. The selected applicant will be responsible for directing instructional activities, as well as architecture assessment and selection of metaverse projects offered on the market, with following market fielding preparation.

The architect will also be in charge of the metaverse design under the KuCoin Metaverse Fund program, which is especially important given that KuCoin Labs, the exchange’s investment and research organization, recently announced the creation of a $100 million fund to invest in metaverse initiatives.

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Candidates looking to apply for the position must also have great technical skills. All applicants must have extensive expertise developing and deploying multi-user products based on Blockchain, VR, and AI technologies.

Given KuCoin’s newest business orientation peculiarities, the architect must also have experience with gaming mechanics and economic systems. Other hard skills required of candidates include a common understanding of software frameworks, decentralized architectures, and blockchain cross-operation.

KuCoin is fast gaining traction in the metaverse. The exchange’s recent statement that it would soon construct a virtual headquarters in a 21-story tower located in the decentralized Bloktopia metaverse is the most recent indication of such comprehensive digitalization of the firm. The structure will be a virtual workspace for content producers and blockchain architects working on the Polygon and Avalanche networks.

Jordi Molla to Release New NFT Collection This December

By
Christian Allen Tandoc
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Jordi Mollà, an artist and performer, has renewed his relationship with Raini and Krew Studios, following the selling of his “I shall overwhelm you with my flowers” NFT.

Mollà, whose film credits include Jack Ryan, Blow, and Bad Boys II, is teaming up with the NFT platform and creative studio to launch Masks, an NFT drop. The collection includes a variety of one-of-a-kind digital masks based on a collection carefully hand-painted by the self-taught Spanish artist, with a December 8 release date.

Mollà has worn numerous masks as an actor, and the collection was inspired by the personalities and roles we all adopt in our everyday encounters with the world. Ten thousand masks were 3D-rendered, animated, and tokenized, with a portion gaining both physical and digital redemption rights. The mint will open a two-hour presale window on Wednesday, December 8 at 8 p.m. UTC, followed by a general sale at 10 p.m. UTC.

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The winner of Mollà’s previous work received five whitelist places for the new collection, as well as an invitation to an extravagant NFT event held by Krew Studios on December 4. The Art Basel Miami Beach event, which is part of the city’s annual Art Week, will educate spectators on the different ways Augmented and Virtual Reality (AR/VR) technology is being integrated into the next release.

Krew Studios, an emergent NFT launchpad, is actively pursuing a slew of exclusive artist and gallery collaborations as it tries to bridge the gap between physical and digital art. The studio has handed 50 Members Only whitelist credentials to community members ahead of the Masks drop, granting holders access to forthcoming Krew drops and events (including the Masks party), community voting, and airdrops.

In addition to 50 such golden tickets, 1,000 Studio Discord members have been whitelisted for the Masks NFT sale. The Krew team has thrown down the gauntlet by urging the general public to join Discord and get their whitelist privileges.

Raini, which offers yield farming, a play-to-earn trading card game, and a curated NFT launchpad and marketplace, is also providing token holders with special access to the sale: 500 mask NFTs will be made available to those who supply liquidity or stake $RAINI through the platform’s Unicorn and Rainbow pools.

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Synergies between the worlds of art and NFTs continue to emerge, with many even questioning if the $10.7 billion in trading volume recorded in the third quarter will be eclipsed in the fourth.

One of the year’s greatest stories has been blockchain’s disruptive impact on the conventional art market, which has brought works to the notice of a larger demographic of consumers while presenting a real use case for distributed ledger technology (DLT).

Beeple, a digital artist, became the third richest living artist in March when he sold his tokenized piece The First 5,000 Days for $69 million at Christie’s. Millionaire art collectors and consortiums, and artists looking to transfer their creative abilities to the blockchain showed extraordinary interest in the NFT market.

Most Shiba Inu Owners Still Making Profit Despite Downtrend

By
Christian Allen Tandoc
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0
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Shiba Inu is still one of the market’s most popular meme currencies. This is reflected in the number of digital asset holders, which surpassed 1 million SHIB holders. The digital asset surged to new highs a month ago, which was the primary driver of the rising popularity. A downturn had rapidly followed this new all-time high, but it did little to prevent investors from investing money into it.

According to data from IntoTheBlock, the majority of individuals who bought in the dog-themed currency are still profiting. Despite the several drops that have shaken the market in recent weeks, this remains the case. Before the project’s bull run, a large number of Shiba Inu owners had invested in it. As a result, the majority were long-term holders profiting from their investments.

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There had undoubtedly been investors who had gotten into the digital asset, but those who have lost money on their SHIB investments are a small fraction of those who have profited. According to the statistics, 69 percent of all Shiba Inu investors are still in profit, despite the digital asset dropping over half of its all-time high value, with just 21 percent of all holders losing money.

Then, some have invested in the digital asset’s present price in the center. According to IntoTheBlock, 10% of all Shiba Inu investors are in the neutral zone, which means they purchased their coins at the asset’s current value. This suggests that 10% of all overall investors, or around 100,000 based on the asset’s current holding count, are not in profit or loss.

Shiba Inu has completed the list of digital assets accessible to trade on all major cryptocurrency exchanges in the market with the latest launch of the digital asset on Kraken. The asset swiftly made its way across the major exchanges as indicated by CoinMarketCap, with Kraken remaining the sole outlier for some time. SHIB, on the other hand, is now accessible for trade on Kraken as of Tuesday.

Shiba Inu price chart from TradingView.com

It’s crucial to remember that Shiba Inu was scarcely on anyone’s radar six months ago. The cryptocurrency gained popularity after being dubbed the “Dogecoin killer,” however, activity in the asset was minimal.

The dog-themed coin has now evolved to become one of the largest cryptocurrencies by market cap, ranking 12th on the list. The meme currency has been an extremely successful enterprise for investors who got in on the crypto while still relatively obscure.

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