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Topics - H2O

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1
The cryptocurrency known as the WebDollar (WEBD) had a price of $0.0003834 before the above-mentioned surge amounting to $0.7128. Now that’s a whopping 185,000 percent price jump. Such activity happened in a short span of just three hours, not to mention that within this period about $7.65 billion went into the cryptocurrency market on Monday.
Truly, this is one of those wild price activities as it was documented by CoinMarketCap that the first jump happened at 9:54 GMT where WebDollar’s market capitalization rose from $1.84 million to $1.5 billion at around 9:59 GMT – five minutes is all that took. It then plunged to $5.12 million at 10:39 GMT and rose again to a new high of $9.5 billion at 11:29 GMT.
WebDollar’s fame was short-lived, however, when the digital currency’s market valuation came tumbling down to just $10.38 million as of 7:00 GMT on Tuesday. In less than a couple of hours, that’s a steep decline of 99 percent.
During WebDollar’s short reign, the said digital asset’s ranking went as a high #17 in terms of market capitalization. As of writing, the token is on the 967th spot at $0.0006266 with a market cap of $8.3 million.source

2
"The snapshot vote concluded Friday after months of community collaboration, and we’re delighted to announce that the Keep x NuCypher network upgrade is moving forward with approximately 93% of individual Keep stakers voting for the initiative and 78% of staked KEEP supporting the measure," the Keep team wrote.
NuCypher holders approved their end of the vote unanimously, per a separate blog post.
"The proposal received unanimous support on the NuCypher side. It was simultaneously approved on the Keep side, which means the first-ever on-chain network upgrade to combine two decentralized networks will proceed," the post explained.

Successful votes in hand, the merger projected, dubbed KEaNU, now moves toward implementation, specifically the development of the "staking contract for KEaNU and the associated adapters to grandfather in existing NU and KEEP stakes," per NuCypher's post. This process will take place as Keep's team works on the next version of its wrapped bitcoin project, TBC. Future community decisions will focus on the governance aspects of the KEaNU decentralized autonomous organization, or DAO.source

3
Cryptocurrency exchange Kraken will no longer offer margin trading to some of its U.S. customers who fail to comply with its requirements starting from June 23, according to a June 9 blog post.   
The trading platform didn't specify what these requirements are, claiming that the clients will be informed about them by email.
Kraken strengthening the restrictions on leveraged trading due to regulatory issues:   
Kraken is making these changes in light of regulatory guidance about leveraged digital asset transactions.information

4
With bitcoin’s popularity rising, a growing number of businesses in Scotland have been introducing cryptocurrency payments. A roofing company from Glasgow now says more and more of its customers, including pensioners, are willing to pay with crypto.
ASAP Roofing Accepts Cryptocurrency for Its Services
Kaeleb Mckay, who runs a roofing company with his father, Cameron, has recently told the British press his business is seeing soaring numbers of customers paying in cryptocurrency. The 20-year-old Scot also said he’s been surprised by the people who use cryptocurrency, with his firm’s crypto customer base including even pensioners.source

5
Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). But the central bank is now delaying the project, citing uncertainty within its financial infrastructure and the international landscape.

The BCB recently launched a new payment system called PIX, which was created to address the growing digitalization of Brazil’s economy and its lack of readily available payment methods. The central bank is also expected to launch its open banking model in the near future to bolster Brazil’s financial systems.
Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. Roberto Campos Neto, BCB’s chief central banker, also stated earlier last year that the country would likely be prepared and ready for a digital Real by 2022.source

6
TRON (TRX) Forum + Ecosystem / Tron price daily analysis
« on: June 12, 2021, 03:54:56 AM »
According to Ambcryoto....


Tron‘s price saw no significant movement over the past three weeks and kept its channel of $0.0841 and $0.068 intact. The Bollinger Bands remained constricted over this timeframe and highlighted low volatility in the market. However, the RSI’s southbound trajectory presented a few warning signs for the ‘Ethereum Killer’.

A gradual decline towards the oversold territory could see TRX head back to its demand zone at $0.056, especially if volatility picks up. Conversely, a breakout would push TRX north, but further upside could be denied by the 200-SMA (green) and the $0.093-resistance.

7
While Peter Schiff was being Peter Schiff yet again, the advisor of Colombia’s President emphatically told him to shut up and short bitcoin.
Politicians based in Latin America continue to support bitcoin, with the latest example coming from the advisor of the Colombian President. Jehudi Castro Sierra, who has been a vocal Bitcoiner for a while, recently told permanent BTC basher Peter Schiff to short the asset and “shut up.”Read More

8
Reduced network activity is resulting in lower fees for Bitcoin and Ethereum as both recede heavily from their all-time highs.The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the past couple of months.
Fees are paid to the miners who process transactions on a typical proof-of-work blockchain. The size of the fee depends on the size of the transaction in bytes and how many transactions a coin has gone through in the past (as these need to be checked every time a coin is moved). Supply and demand for space also dictate the size of a transaction fee since blockchains have limited capacity.
Both Bitcoin and Ethereum saw their transaction costs surge to all-time highs in 2021 in April and May, respectively, coinciding with their rising coin valuations and price peaks.source

9

Bitstamp Introduces USDT, COMP And GRT With Zero Fees
Bitstamp just made a move that is making a lot of crypto fans excited. The platform revealed in an official blog post that the listing is at an all-time high.

A new batch of highly anticipated coins is listed
“Adding to the dozens of new assets that we’ve added this year, we now bring you another batch of eagerly-anticipated cryptocurrencies. In this varied group, you will find two new assets that continue to show our excitement for the DeFi market and the developing crypto ecosystem, as well as a stablecoin heavyweight!”
The platform is living the following coins:
“Tether (USDT) – a stablecoin based on USD that operates across several blockchains
Compound (COMP) – a DeFi lending protocol for earning interest and taking out secured loans
The Graph (GRT) – a decentralized protocol for indexing and querying data from blockchains”
They also made sure to reveal the fact that all of these assets will trade with zero fees until the end of September.
Check out the complete blog post shared by Bitstamp in order to learn more details about the listings.more information

10
Bitpanda, a European-based crypto exchange company, announced today the launch of Bitpanda White Label, opening up its infrastructure to B2B2C partners and clients. The white label service enables organizations to create a comprehensive digital investing platform of their own; with the look and feel of their brand, powered by Bitpanda’s technological infrastructure.

API-Powered Infrastructure
White label partners are able to connect their native app to Bitpanda’s backend through a set of APIs. Users of white-label partners can still interact with the front end of the partner that they are familiar with. Executing trades and establishing the custody of assets are performed in the background by Bitpanda. The entire user experience, from researching an asset, managing trades to market info screens, and portfolio monitoring all happens in the partner’s native mobile app under their existing branding.source

11
The OSC alleges that Seychelles-incorporated Mek Global and Singapore-incorporated PhoenixFin, which collectively comprise KuCoin, have failed to comply with Ontario securities registration and prospectus requirements.
The regulator says enforcement action is also a signal that crypto asset trading platforms flouting Ontario securities law will face action.
In March, the OSC warned crypto asset trading platforms offering services to Ontario residents to comply with the province’s securities laws or face enforcement action. The OSC says KuCoin had not contacted it by the stipulated April 19 deadline to begin compliance discussions.
Last month, the OSC also took similar action against cryptocurrency exchange Poloniex for alleged securities law violations.source

12
Ethereum’s rally to $6,000 is a narrative supported by its increasing market share and capitalization. The altcoin, at the time of writing, was still rangebound around the $2,800-level, based on data from CoinMarketCap, with its market capitalization just under $320 billion too. Combine this with EIP 1559 and the transition to PoS, and it is likely that Ethereum’s market share will increase too, especially relative to Bitcoin.

Based on the attached chart, Ethereum’s market capitalization was 48% that of Bitcoin. The aforementioned percentage is anticipated to increase in the future, thus signaling that Ethereum’s rally may slow down, but not stop. In fact, purely in terms of aggregated daily volumes, ETH/BTC spot volume has been at an average level since 26 May 2021
The price has been increasing proportionately with the increase in social volume too. While the selling pressure has increased somewhat, given the change in HODLer composition, it has been absorbed by the increasing demand across exchanges. Now, the drop in accumulation by large investors is a concern in the long-term, alas, Ethereum’s high ROI is likely to drive consistent demand and support the price rally based on the previous few instances.source

13
Despite the recent sharp correction in the crypto market, Jesse Powell, Co-founder and CEO of major crypto exchange Kraken, still claims that one bitcoin (BTC) will buy you a Lamborghini (starts at USD 200K) by the end of the year, but he stressed that people should not gamble with their much-needed money in the crypto markets and instead treat BTC as a five to ten-year investment.

“Don't invest anything more than you can afford to lose. Don't gamble your rent on bitcoin with the prices up and down 50% in any given week. You've really got to be able to think about this investment and hold for five to 10 years,” he told in an interview with Bloomberg TV.
According to the CEO, while BTC remains “an absolutely fantastic investment” he does not recommend putting 100% of one’s portfolio into bitcoin, especially when it comes to “food money.”source

14
Bitcoin Forum / Elon musk just a fud in crypto World...
« on: June 04, 2021, 03:04:22 PM »
Someone give me a little comfort, Elon Musk is constantly tweeting nonsense which is causing a big change in cryptocurrency.  None of you will listen to him.

15
Bitcoin Forum / Elon Musk Shakes Bitcoin Price
« on: June 04, 2021, 03:01:21 PM »
Bitcoin’s price dropped 7.6% from yesterday’s $39,250 closing to lows of $36,250 following a tweet from Elon Musk.

The Tesla and SpaceX founder, who has 56.5 million Twitter followers, posted a meme alluding to a relationship break-up with the hashtag “Bitcoin” and a broken heart emoji last night.

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