George Soros’ Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream

Soros Fund Management, founded by billionaire investor George Soros, has invested in bitcoin. The CEO of the asset management company says bitcoin is not just an inflation hedge: “I think it’s crossed the chasm to mainstream.”

Soros Fund Management’s CEO Says Bitcoin Has Gone MainstreamSoros Fund Management, the asset management company founded by billionaire investor George Soros, has invested in bitcoin, the fund’s CEO, Dawn Fitzpatrick, revealed in an interview with Bloomberg, published Tuesday.Fitzpatrick is both the CEO and chief investment officer (CIO) of Soros Fund Management. She is the first person to hold both titles.Discussing inflation, she said, “If you watched gold in September, it was down 5% so I think the fear of the debasing of the U.S. dollar has receded to a degree.” In addition, she noted, “The IMF just came out with kind of reserve currency balances and the U.S. dollar has stopped losing ground.”Nonetheless, bitcoin is trading above $50K. Commenting on the rapid rise in the price of BTC, Fitzpatrick opined:

I am not sure bitcoin is only viewed as an inflation hedge here. I think it’s crossed the chasm to mainstream. Cryptocurrencies now have a market cap of over $2 trillion. There’s 200 million users around the world. So, I think this has gone mainstream from our perspective.

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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

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MEDACOIN: A Unique Play to Earn Platform

Medacoin (by Medabots) is reaching its heights by following a strict business model that has two important factors. The first is maintaining positive growth that will keep the team and the project on track with its roadmap goals, and the second is by engaging and building trust amongst its community. The first stage of the roadmap has been very positive with the successful launch of the in-game token, Medacoin. Now it is time to enter the next phase of the roadmap by releasing the Medabots video game in Q4. Medacoin (MEDA) is a brand-new cryptocurrency that is based on the BNB platform and allows its users to control their in game virtual assets. Medacoin will serve as the native currency in the Medabots games and can also be used to make in-game purchases in the NFT marketplace!

Medacoin Usage Medacoin can be used for several purposes, on several platforms! Here is a list on how Medacoin can be used:

In-game purchases:– Physical Medabots– NFT Marketplace– In-Game Credits

Used to enter live tournaments against other players (P2E)Used to fund future NFT tournamentsCan be transferred and used on all the games that are backed by the platform.How to Buy Medacoin

CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%

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Gate.io’s Perpetual Contracts More Popular Than Ever

During Bitcoin’s most recent run which saw it break through its previous all-time high, trading volume on leading cryptocurrency exchange, Gate.io, surged during September and October.

The Securities and Exchange Commission (SEC) greenlit bitcoin futures ETFs on October 15th, in an industry first that has sent the leading cryptocurrency surging in recent weeks. Last week, the price of Bitcoin officially broke through $66,000 and surged to a new record all-time high. At the same time, the popularity of Gate.io’s Perpetual Contracts also reached a new high.

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Aladdin Exchange Will Now Offer Demo Trading Platform for New Traders

Aladdin Exchange has made it easier for the general public to dive into crypto trading by introducing demo trading. Coming soon on its platform, Aladdin’s Demo Trading, a user can enjoy a free demo account without making a deposit, providing a risk-free trading experience.

Aladdin’s Demo Trading will act as a training ground for new traders. It will simulate the market environment with the goal to replicate ‘real’ trading as closely as possible. It will also give users demo coins that will serve as their starting balance for trade. Aladdin’s Demo Trading will let prospective customers familiarize themselves with the know-how of the trading platform prior to doing the real thing.

DeFi Fraud and Theft Losses Skyrocket by 600% in 2021: Report

Blockchain analytics firm Elliptic says the rapidly expanding decentralized finance (DeFi) sector of the crypto world has seen fraudsters make off with billions of dollars in illicit gains.

In a new report called “DeFi: Risk, Regulation, and the Rise of DeCrime,” the firm coins the new term “DeCrime” to highlight the type of theft that has increased by 600% since 2020. Total losses as of this month were over $12 billion.

Ethereum Price Analysis: ETH Could Rally If It Clears $4K

Ethereum price is recovering above $3,900 against the US Dollar. ETH/USD could start a steady increase if there is a clear move above $4,000.

Ethereum Price AnalysisRecently, ethereum saw a fresh decline from well above $4,000 against the US Dollar. ETH price traded below the $4,000 support and moved into a bearish zone.

There was also a move below the $3,720 level and the 55 simple moving average (4-hours). A low was formed near $3,660 and the price is now correcting losses. The price recovered above the $3,800 resistance level. There was a move above the 23.6% Fib retracement level of the key decline from the $4,490 swing high to $3,660 low.

DeFi – Reflections on 2021 and the Road Ahead

It’s fair to say that crypto has brought us many surprises over the last year. Many expected DeFi to go mainstream in 2021, and while major corporations and institutions started to take an interest in Ethereum and the DeFi ecosystem running on top of it, there’s little doubt that NFTs stole the spotlight.

In fact, while NFTs pervaded mainstream culture for the first time, many of the earliest DeFi protocols stalled and entered their own bear market even as other crypto assets soared to record highs. One factor behind this might be the rising gas fees on Ethereum, as well as traders seeking exposure to ETH over application-level governance tokens. Nonetheless, while many DeFi tokens traded sideways, the total value locked in the industry surpassed $100 billion on Ethereum and $250 billion across the broader ecosystem.

Everdome To Launch Mission to Mars From Hatta, United Arab Emirates

February 25, 2022 – Dubai, United Arab Emirates

Iconic Dubai tourism destination chosen for the Earth-based phase one of Everdome’s metaverse journey.Everdome, the most hyper-realistic metaverse, has announced the mission launch site will be in the stunning mountainous region of Hatta in Dubai, United Arab Emirates. Newly released footage gives users a taste for what’s to come, exploring the spawn and launch rooms with expansive views of the launch site brought to life by the Unreal Engine Five-powered game.

Set to launch in three phases throughout 2022, Everdome will take users on a journey from planet Earth to Mars. Phase one includes the pre-launch phase, set in Hatta, during which users can explore the launch room and learn more about space exploration and the journey to come. Phases two and three continue the Everdome journey, from mission launch and life aboard the vessel, through to landing and settling on Mars.

Analyst Says One Ethereum Competitor Could Flip Bullish, Warns Against Altcoin That Surged Over 130% in Hours

A popular analyst is looking under the hood of four crypto assets to gauge if they have enough upside potential for buy-in.

Pseudonymous trader Altcoin Sherpa tells his 170,3000 Twitter followers that he expects the Ethereum (ETH) challenger and smart contract platform Solana (SOL) to break out past the $100 level once again.

Bitcoin Has Fallen, but Not Everyone Thinks This Is the End

Bitcoin and other forms of crypto have been experiencing a heavy pullback as of late. BTC, the granddaddy of all digital currencies, is now trading once again for just over $40,000, a slump it managed to get away from a few weeks ago.

Bitcoin Has Stumbled, but There May Be HopeHowever, now it looks like things are going back to “normal,” and when we say normal, we mean back where bitcoin has been for most of 2022. For the most part, this year has not been terribly kind to BTC or its altcoin cousins, especially when one considers the fact that the asset was trading for nearly $70,000 last November.

Still, the present circumstances aren’t depressing analysts. In fact, several of them are still quite bullish about where the digital currency space is heading. They are convinced this is just a bump in the road, but that in the end, bitcoin and its counterparts are going to accomplish some big things.

Coinweb is one of the most promising projects

Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.

UK Treasury Plans To Go Ahead With Legalizing Stablecoins Despite TerraUSD Debacle

In April, the UK had revealed plans to become a crypto hub and legalize stablecoin payments. Following last week’s events, many had thought that Her Majesty’s Treasury would put these plans on hold, but it appears the regulators are moving ahead with their plans.

UK Stablecoin Plans Not DeterredThe UK Treasury has revealed that it plans to go ahead with its plan to create legislation to make certain stablecoins accepted currencies for goods and services. Remarkably, even as crypto markets, stablecoins included, experienced a lot of volatility last week, the department remains undeterred.

Notably, in April, Her Majesty’s Treasury had revealed plans to make the UK a hub for crypto-assets and blockchain technology. In line with the set goal, the Treasury Department announced that the government would create legislation to allow stablecoins to be accepted for goods and services in the UK.

Gold Market on the Rise – AABBG Token and the Gold Crypto Opportunity

The current economic scenario has awoken the gold bulls on the financial markets. The fears of an economic recession and the currently high inflation are pushing the gold prices up.

In this particular framework, investors seem to have a new weapon under their belt: gold-backed cryptocurrencies. These assets aim to take the best features from two distinct worlds. These projects want to merge the growth potential of cryptocurrencies and the safe-haven feature of the gold market.

Legal Expert Slams SEC Bid To Revoke XRP Holders’ Amici Status In High-Profile Ripple Case

The drawn-out litigation between the United States Securities and Exchange Commission (SEC) and the distributed ledger technology company, Ripple, continues to see new developments.

The SEC has filed a letter asking the court to throw out XRP holders’ amici status.

SEC’s Seeks To Bar Token Holders’ Views Defense lawyer James K. Filan took to Twitter earlier today to share a heavily redacted letter submitted by the SEC. In the letter, the regulator requested U.S. District Judge Analisa Torres to rescind the amici status granted to XRP token holders and restrict attorney John E. Deaton from further participation in the legal battle.

The SEC noted that last October, the judge determined that token holders could participate as “amicus curiae” — a party that is not involved in the litigation but is permitted by the court to advise or provide information.

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Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.

CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.

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The metauniverse is scheduled to launch on September 1.

FREE NFT GIVEAWAY!

Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.

Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.