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Messages - LazY

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31
US authorities have recently arrested the administrator of the notorious dark web network, Bitcoin Fog, which helps its clients to hide the source and destination of their crypto assets, for laundering $336 million in bitcoin.

According to an official filing, the suspect who is of Russian-Swedish origin, Roman Sterlingov, was arrested in Los Angeles on Tuesday.

As per the report, despite cleverly hiding the crypto activities of his clients, the IRS was led to Sterlingov by a trail of his transactions that he had conducted 10 years ago.

Bitcoin Fog’s Mode of Operation
Bitcoin Fog allows users who wish to conceal their crypto transactions to combine it with those of others to prevent anyone inspecting the blockchain from tracking any individual’s payments.

Sterlingov started this site back in 2011 and had even promoted it on the BitcoinTalk forum, under the alias “Akemashite Omedetou,” which is a Japanese phrase that means “Happy New Year.”

In the post, he claimed that Bitcoin Fog  “[mixes] up your bitcoins in our pool with other users… can eliminate any chance of finding your payments and making it impossible to prove any connection between a deposit and a withdrawal inside our service.”

Sterlingov took commissions of between 2 to 2.5 percent for facilitating those transactions on Bitcoin Fog. According to the calculations made by the IRS, Sterlingov had allegedly made $8 million worth of bitcoin at the time of transaction while running the site.

Is Bitcoin’s Anonymity Compromised?
While bitcoin is praised for being a tool for making anonymous transactions, another quality of it was used to fish out Bitcoin Fog’s administrator— its transparency.

According to the report, the IRS had traced Sterlingov using a list of personal transactions he had conducted in 2011 which he allegedly used in setting up Bitcoin Fog’s server hosting. These transactions were public and open to everyone on the blockchain.

Speaking on this, Sarah Meiklejohn, a computer scientist at University College of London whose work pioneered the Bitcoin-tracing techniques in 2013 said,

“With blockchain analytics, the thing we say over and over is that all this activity is on this ledger forever, and if you did something bad 10 years ago you can be caught and arrested for it today.”

Chainalysis’ co-founder, Jonathan Levin added,

“This is yet another example of how investigators with the right tools can leverage the transparency of cryptocurrency to follow the flow of illicit funds.”

Sterlingov is currently charged with laundering more than 1.2 million bitcoins, worth over $336 million at the time when the payments were made, for over the 10 years that he allegedly ran Bitcoin Fog.

Feds Arrest Bitcoin Fog Founder For Laundering $336 Million In Bitcoin
https://cryptonews.net/587566/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

32
Dogelon Mars is a cryptocurrency that makes reference to the Dogecoin coin and its most notable backer, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk. The very new ‘ELON’ coin rose around 100% in the last 24 hours but still trades at a fraction of a penny — $0.00000024 to be precise.

Because of its skyrocketing price and a name that references both Dogecoin and Musk, many investors and traders are looking to buy Dogelon Mars. With this in mind, this page helps you identify the best places to buy Dogelon Mars.

If you would like to learn more about investing in Dogelon Mars or other cryptocurrencies, make sure you check out our guide on how to buy cryptocurrencies online. It includes introductory information along with a step-by-step guide to help you invest in the cryptocurrencies of your choice.

How & where to buy Dogelon Mars right now
Dogelon Mars is just days old, yet many people are already searching for ‘where to buy Dogelon Mars’. Dogelon Mars is a cryptocurrency that trades similar to Bitcoin or Ethereum.

If you want to buy Dogelon Mars now, your best option is through a reliable crypto broker or crypto exchange. Specific features and capabilities vary by platform but the basic ability to open and close trades quickly with low/no fees is standard.

Our team of financial experts have spent extensive periods of time testing multiple platforms and we can safely name the following 2 as the best places to buy Dogelon Mars.

1. eToro
EToro was founded in 2006 and is among the most popular cryptocurrency brokers. The eToro platform introduced a unique model in 2017 in which coins are bought and held by custodians until the user decides to sell. If you want to invest in Dogelon Mars quickly and easily, eToro could be a great choice. Get started by clicking the link below.

Register here >

2. Skilling
Skilling offers investors and traders access to hundreds of tradable assets, including cryptocurrencies. Skilling’s platform is available across all EEA countries and elsewhere around the world. Skilling received its authorization and license from the Cyprus Securities and Exchange Commission (CySEC) in 2017 so buying Dogelon Mars on Skilling is a very safe choice.

Register here >

What is Dogelon Mars coin?
Despite the name play on Dogecoin and Elon Musk, Dogelon Mars coin is real and trades on an exchange. As noted on dogelon.io, the Dogelon community is “encouraged to airdrop Dogelon tokens to victims of rugs and scams. It’s important to give back and build community trust.”

Volume over the past 24 hours totaled more than $35 million and the maximum supply of Dogelon Mars is 1,000,000,000,000,000 ELON coins. Half of the Dogelon (ELON) token supply was burned to Ethereum co-founder Vitalik Buterin.

Will Dogelon Mars rise in value?
There are zero guarantees of Dogelon Mars rising in value. The coin’s name would give many people the impression it is not serious so it might not attract the necessary attention to gain buying momentum.

But on the other hand, few if any people would be surprised if Dogelon Mars soars in value. Dogecoin was designed as a joke yet it soared in value so there is no reason why Dogelon Mars can’t follow suit.

All it would take is a Tweet from Elon Musk or some other form of notable social media mention for investors to start buying Dogelon Mars in large quantities.

Social media reacts
@elonmusk Dogelon🚀 pic.twitter.com/sc6d4WXNr6

— THE BEAT (@TheBeat2013) April 27, 2021
@dogelon pic.twitter.com/bzIXICkqk5

— KB the Lion (@KBtheLion) April 27, 2021
Dogelon is gonna be an easy 10x #dogelon

— DrPennystok (@DrPennyStok) April 27, 2021
$DOGELON the next $DOGECOIN, buy now before it's too late

— Nick Paciulli (@nickeydi1) April 27, 2021

Where to buy Dogelon Mars today: top platforms to trade ‘Elon’ coin
https://cryptonews.net/586674/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

33
Ripple blockchain decacorn has made several big XRP transfers along with the Bittrex crypto exchange over the past 20 hours.

Ripple has pushed approximately 40 million XRP tokens to crypto exchanges, including its Mexican ODL corridor, according to blockchain sleuth Whale Alert.

Ripple and Bittrex shift over $87 million worth of XRP
San Francisco-based blockchain giant Ripple has performed several major XRP transactions in the last 20 hours, sending XRP to the largest Chinese exchange Huobi and its ODL platform in Mexico—crypto trading platform Bitso, which also spreads ODL in Latin America and is the biggest crypto exchange in the region.

Ripple has wired another 7.6 million XRP to Huobi, which seems to be a systematic transfer as the blockchain giant has been doing that for the second week in a row nearly every day. A similar transaction from Ripple to Huobi was made yesterday as well.

The DLT giant also wired 10 million XRP to Bitso via its RL18-VN wallet and moved 20 million XRP to the same wallet, possibly to be transferred outside of Ripple later on.


Bittrex transferred 20 million XRP to the Upbit exchange.

The total value of XRP transacted in these transfers is $87,196,721.

Ripple and Bittrex Transfer 65.6 Million, With Ripple Sending Most of It
https://cryptonews.net/588386/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

34
Crypto Exchanges / Crypto Listing and Delisting Announcements: Week 17
« on: April 27, 2021, 05:08:02 PM »
AscendEX
Listings:
Oddz Finance (ODDZ)
KuCoin Token (KCS)
Beyond Finance (BYN)
Crowny (CRWNY)
Showcase (SHO)
Unmarshal (MARSH)

Bibox
Listings:
Ampleforth (FORTH)
Zilliqa (ZIL)
Mofi Finance (MOFI)

BigONE
Listings:
Shib (SHIB)
Raze Network (RAZE)
Ampleforth (FORTH)
Bribe Protocol (BRIBE)
Saito (SAITO)

Bilaxy
Listings:
Shib (SHIB)
Akita Inu (AKITA)
Hiveterminal token (HVN)
DeHive finance (DHV)
cypherium (CPH)
NOBUNAGA (NBNG)
Ampleforth (FORTH)
Crowny Token (CRWNY)
GOVI (GOVI)
Method (MTHD)
DOGE KILLER (LEASH)
Student Coin (STC)
Melalie (MEL)
SAITO (SAITO)
Digi (DIGI)
Mixsome (SOME)
CorionX utility token (CORX)
Chainswap (TOKEN)
Jigstack (STAK)
StackOS (STACK)
Arteon (ARTEON)
MOchi MArket (MOMA)
CryptoCart (CC)

Binance
Listings:
Mirror Protocol (MIR)
FC Barcelona Fan Token (BAR)
Ampleforth (FORTH)
Added Trading Pairs:
CAKE/GBP
DOGE/RUB
HOT/BRL
WRX/EUR

Bitfinex
Listings:
Dogecoin (DOGE)
Oxygen (OXY)
Popsicle Finance (ICE)

Bitforex
Listings:
Akita Inu (AKITA)
Shib (SHIB)
Added Trading Pairs:
DOGE/BTC
DOGE/ETH

Bithumb
Listings:
Arowana Token (ARW)
Misbloc (MSB)
Bifrost (BFC)

Bitmart
Listings:
HOG Finance (HOG)
Astronaut (NAUT)
EpiK Protocol (EPK)
Fox Finance (FOX)
EarnX (EARNX)
SAFESUN PROTOCOL (SAFESUN)
Safestar (SAFESTAR)
Fetch (FET)
GamyFi Platform (GFX)

Bitrue
Listings:
Pancake Swap (CAKE)
WanSwap (WASP)
FTX Token (FTT)
Added Trading Pairs:
DOGE/XRP

Bittrex
Added Trading Pairs:
MANA/USD

BitZ
Listings:
KLEND (KLEND)

BKEX
Listings:
Tokocrypto (TOKO)
Safemars (SAFEMARS)
Akita Inu (AKITA)
Solana (SOL)
Apron Network (APN)
Ampleforth (FORTH)
Lemond (LEMD)
CardStarter (CARDS)
Raydium (RAY)

catEx
Listings:
Deracoin (DRC)
Giftedhands (GHD)

CEX.io
Listings:
COTI (COTI)

ChangeNOW
Listings:
Mirror Protocol (MIR)

Coinbase
Listings:
Ampleforth (FORTH)

CoinEx
Listings:
Waves Enterprise (WEST)
Chromia (CHR)
Banano Coin (BAN)

Coinsbit
Listings:
Munch Token (MUNCH)
Carillonium (CAROM)
PRCY Coin (wPRCY)
SAFESUN PROTOCOL (SAFESUN)
Swan Finance (SWAN)
TechToken Network (TCN)
DeepOnion (ONION)
COMFY (COMFY)
Tutti Frutti (TFF)
Vox Finance (VOX)
SAFELIGHT (SAFELIGHT)
GogolCoin (GOL)
UCOS (UCOS)
Voltium (VLTM)

Crex 24
Listings:
HELIODOR (HELIO)

Crypto Listing and Delisting Announcements: Week 17
https://cryptonews.com/news/crypto-listing-and-delisting-announcements-week-17-10058.htm?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

35
1inch Network has integrated Balancer V2, the second version of programmable liquidity DeFi protocol on Ethereum, to bring V2 of programmable liquidity to its DEX aggregator platform.

The official Twitter handle of 1inch Network announced the news on Tuesday, April 27. This integration will allow 1inch Network to bring more liquidity to its platform so traders can swap tokens with minimal slippage.

Balancer is an Ethereum-based decentralized exchange (DEX) protocol that offers programable liquidity. Its AMM formula is a generalization that allows any number of tokens in any weights or trading fees. Balancers can be seen as inverse ETF where instead of paying fees to portfolio managers to rebalance portfolios, liquidity providers collect fees from traders, who continuously rebalance their portfolios by following arbitrage opportunities.

On April 20, Balancer announced that V2 of its smart contracts was live and consumers would be able to use Balancer V2 upon frontend launch on April 28, 202. The main architectural change between Balancer V1 and Balancer V2 is the transition to a single vault, called Protocol Vault, that holds and manages all the assets added by all Balancer pools. According to the team, this gives Balancer V2 the flexibility to support different types of AMM logic.

In a separate announcement, Balancer Labs said:

“High gas fees are making the whole DeFi ecosystem suffer. To solve this problem, Balancer V2 has introduced a single vault (called the Protocol Vault) which holds the assets for all Balancer V2 pools.”

Besides featuring a Protocol Vault, Balancer V2 will also offer weighted pools and stable pools which are suitable for tokens that are soft pegged to each other. Shortly after the V2 launch, smart pools which allow for ongoing parameter changes, and many other types of pools being built by partners will also be introduced to the Balancer ecosystem.

Balancer V2 aims to offer the highest liquidity and that is what 1inch Network’s DEX aggregator protocol requires to facilitate token swap without minimal slippage. So, this integration is a special one for 1inch.

According to Balancer Labs, after the introduction of the single Protocol Vault:

“What would have been multiple transactions before, each resulting in gas fees, will now be a single transaction. This will allow Balancer V2 & 1inchnetwork to take advantage of multi-pool routing to offer the greatest possible liquidity with the lowest possible slippage.”

Furthermore, Blind Boxes, the first gamified curation platform for NFTs, has also partnered with 1inch Protocol to increase the utility of its native token BLES in the DeFi market. As part of this partnership, Blind Boxes will cooperate with the 1inch Network to launch an ETH-BLES pair to provide liquidity to 1inch’s Liquidity Protocol and contribute USD 200K worth of $BLES tokens to reward liquidity providers.

1inch Network Integrates Balancer V2 Liquidity to Its Aggregator Platform
https://cryptonews.net/583966/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

36
The team behind decentralized finance (DeFi) protocol, Easyfi.network, confirmed it had been hacked to the tune of over $55 million.

Trouble first started on Monday after the project’s community informed it of the unusual behavior with EASY tokens and smart contracts. EasyFi stated that the development saw it commence an investigation to ascertain the cause of the ‘unusual behavior.’

In response to the unfortunate development, Ankitt Gaur, CEO and founder of EasyFi tweeted:

“On Monday, 19th April 2021 our team members reported the transfer of a large amount of EASY and protocol funds from designated contracts & wallets. The initial investigation revealed the possibility of compromise of mnemonic phrases.”

The project linked the attack to a possible loss of admin Metamask keys because the machine that it uses for its official transaction has not been in use for the past week.

Explaining further about the losses it suffered, Gaur noted that the attackers transferred from its official wallet a whooping 2.98 million tokens, valued at around $52 million at press time.

Although EasyFi’s smart contracts were not affected, the perpetrators succeeded in draining $6 million in USDT, USDT, and Dai from its existing liquidity.

EasyFi dismissed speculation that the attackers had got the private keys by tricking them into downloading a malicious version of Metamask, adding that the attack was only a case of its computer compromise.

EasyFi Moves to Recover Funds
Gaur disclosed that the project has made several efforts to curb further attacks and has launched a full-scale investigation into how the operation was carried out.

Part of its effort to regain control of the situation includes contacting popular exchanges such as Binance and AscendEx, formerly known as BitMax, to help it suspend deposits and withdrawals of EASY tokens while it continues with its investigations.

Gaur has issued a plea to the attackers to return the stolen funds as it could be devastating to the project and its community since it is still in its early stages. He further promised a reward of $1 million to anyone who would help the project get back the stolen funds.

EASY Tokens Plunge


News of the exploit did not go down well with EASY tokens. EASY which was trading between $25 and $26 before the news broke, plunged to $16. At the time of writing this line, EASY is changing hands at $17.35, according to data on Coingecko.

Unending DeFi Hacks
DeFi’s boom has also been accompanied by very sad tales that have left investors scratching their heads.

Since last year till date, hundreds of millions of dollars have been drained from various DeFi protocols, with some projects trying to recover from such attacks.

Just last month, Coinfomania reported that $3.8 million worth of WCRES, FDO, FUSDT, and USDT was drained from the Binance Smart Chain-based liquidity protocol and decentralized exchange DODO.

DeFi Protocol EasyFi Reports $55M Hack Due to Metamask Admin Key Loss 
https://cryptonews.net/555818/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

37
Turkish cryptocurrency exchange Vebitcoin has unexpectedly closed down, raising alarm bells among customers. This is the second crypto trading platform in Turkey to suddenly shut down all trading and fund withdrawals this week.

Vebitcoin Cites Financial Woes For Sudden Shutdown Of Operations
Vebitcoin, a cryptocurrency exchange for trading bitcoin, ethereum and other digital currencies, has halted its operations amid fears of a possible exit scam.

The company posted a message on its website on Friday stating that the growing interest in crypto has been unexpected and arbitrarily put them in a “financially difficult position”. “We decided to cease activities in order to fulfill all regulations and claims,” the exchange stated, adding that more information would be available soon.

The Financial Crimes Investigation Board (MASAK) froze all onshore bank accounts linked to Vebitcoin and launched a probe into the case. Rumors have since been rife that the exchange’s CEO Ilker Bas and three other officials have been arrested.

A Tough Month For Turkish Crypto
As aforementioned, Vebitcoin is the second Turkish crypto exchange in a week to abruptly halt trading and withdrawals. Earlier this week, police arrested approximately 62 people believed to have ties to the Thodex exchange and issued detention warrants for 16 others. The exchange’s CEO, Faruk Fatih Özer, reportedly fled the country and absconded with users’ funds amounting to $2 billion.

Before shutting down yesterday, Vebitcoin’s daily trade volume was about $59 million, as per data from CoinMarketCap. As Turkey’s fourth-largest cryptocurrency exchange, Vebitcoin has given investors a convenient way of protecting their life savings from runaway inflation and currency devaluation.

The Turkish lira has been slumping for nine years now, weakening circa 50% against the USD since 2018. Moreover, the lira contended with a 16% inflation rate as of March 2021. Many Turkish residents have since turned to crypto so as to circumvent the issues tormenting the lira.

The stories of Vebitcoin and Thodex are unfolding during a rather gloomy time for cryptocurrency investors in Turkey. On April 16, Turkey’s Central Bank announced a new ban, citing potential “irreparable” damage and transaction risks. The ban, which takes effect on April 30, will prohibit the use of cryptocurrencies for payments in addition to barring payment service providers from providing fiat onramps for crypto exchanges.

Turkey Crypto Investors Suffer Another Fatal Blow After Second Exchange Suddenly Goes Offline With Customers’ Funds Locked
https://cryptonews.net/575178/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

38
The rapidly increasing popularity of PancakeSwap – the decentralized exchange running on Binance Smart Chain – has caught the attention of bad actors. The project warned that a group of scammers is promoting fake airdrops trying to lure victims into claiming them through a fraudulent link.

Fake CAKE Airdrops
The popularity of the DEX employing the Binance Smart Chain has gone through the roof in the past several months. The fast and cheap transactions resulted in high utilization, which led to surpassing the entire Ethereum network in terms of daily transactions last week.

When something in the cryptocurrency industry booms, bad actors are generally close by. Using its official Twitter account, PancakeSwap’s team warned about scam emails in which a group of unknown perpetrators impersonated the DEX and promoted a fake airdrop.

“There’s an ongoing email scam campaign. Scammers are pretending to be PancakeSwap, promising a FAKE airdrop of 400 CAKE in order to steal people’s funds.” – reads the project’s warning.

The post advised users to mark the email as spam and delete it if they receive such offers. In the screenshot provided, PancakeSwap showed that some of the users’ emails could have been taken without permission from last year’s breach against Ledger.


Airdrops are typically implemented to increase the popularity of a project by distributing its native crypto tokens (for free) to numerous wallet addresses. However, PancakeSwap outlined it doesn’t have such an initiative at the moment.

CAKE Heads for a New ATH
With the aforementioned growing use cases and demand for the decentralized exchange, its native digital token has enjoyed the past few months with impressive price performance.

CAKE dipped below $10 shortly after its listing on Binance in February and ranged between that line and $15 until the end of March. It started to quickly appreciate in value since then, and it neared $30 in the middle of April.

However, last week’s market crash harmed CAKE’s price as well, and the asset dipped below $20. Nevertheless, the token has spiked back up by more than 50% in a matter of days. As a result, CAKE overcame $30, broke its previous all-time high record, and marked a new one earlier today at just shy of $36 (on Binance).

The project’s market cap has grown to well above $5 billion, and the asset is within the top 30 coins by that metric.

Scam Alert: Fraudsters Impersonate PancakeSwap and Offer Aidrops of 400 CAKE
https://cryptonews.net/580534/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

39
Ten years ago, a 25-year-old artist named Chris Torres created Nyan Cat—a pixelated animation of a cat with a Pop-Tart for a torso. Unceremoniously uploaded to Torres’ personal website, Nyan Cat was never meant as anything more than a gag. Somehow, though, it took off as an early viral video. The result was internet fame for Torres, and a decade of reproduction for what’s now one of the most ubiquitous and recognizable memes of all time.

In February of this year, just as NFTs (non-fungible tokens) slid into mainstream view, Torres seized the opportunity to profit from the buzzy cryptocurrency tokens, which allow artists to auction off discrete ownership of digital images. Torres sold an NFT tied to a GIF of Nyan Cat for 300 ETH, or nearly $600,000. “It's just really recognizable,” Torres told Decrypt. “That's what created the value.”

The sale started a trend; NFTs of memes from the late 2000s and early 2010s have continued to sell for absurd amounts of money, thanks in part to Torres and the community of creators he’s helped foster over the past decade. With sales in the hundreds of thousands of dollars, the auctions are creating ridiculous valuations for GIFs and JPGs—particularly ones that do not confer any legal ownership over the NFTs themselves.

But for at least a few bidders, the prospect of owning the Nyan Cat, Scumbag Steve or Overly Attached Girlfriend NFT is worth the money. The memes were among the first pieces of genuinely viral internet content—image macros that trickled down from sites like 4Chan and I Can Has Cheezburger and filtered into our collective subconscious; the deconstructionist memes of the post-covid era are closely tied to these lingering cultural memories.

Here’s a quick rundown on the most famous Web 2.0 artifacts that found new life on Web 3.0.

Nyan Cat
Torres said that back in the early 2010s, companies would use Nyan Cat as a viral marketing tool without bothering to credit him. “It kind of became a trend, not just for me, but for many meme artists that created anything since then. It’s always been kind of a struggle.”

The magic of memes is in their transience and reproducibility—it’s strange to think that Nyan Cat was created by an individual, since it’s passed through so many hands. (Snoop Dogg even partnered with Torres for a twist on Nyan Cat called "Nyan Dogg"; it sold for $33,000.)

By contrast, NFTs are more like connective tissue between artists and their artworks. Someone could try to sell another Nyan Cat NFT, but only the original links to Torres’ address on the Ethereum blockchain.

🚨Introducing...🚨

🐕@SnoopDogg X @NyanCat 🐈‍⬛

✨4/19✨
🌳4:20 PST🌳
Powered by @BeetsDAO
Edition: 1/1https://t.co/N0ZaRw4kuV pic.twitter.com/kaaFk43Z38

— ☆Chris☆ (@PRguitarman) April 17, 2021

For creators dissociated from their memes, it’s proved an attractive proposition. Torres told Decrypt that within minutes of tweeting about a potential foray into crypto art, a representative for the burgeoning invite-only NFT marketplace Foundation reached out about partnering up. Less than two weeks later, Nyan Cat sold for 300 ETH, and a door was opened for the rest of the vintage meme community.

Torres said he was more than happy to help other creators get on board. “I had so many main creators lining up to ask for help,” he said. “I was like, you know what,  let me get you guys all set up. So that's what I did, I basically walked every meme creator through the process of entering the NFT space.”

Torres and his longtime business partner, Ben Lashes, have helped memes like Success Kid, Grumpy Cat, and more find their way into the NFT market. Torres clarified that he’s not taking a cut of their sales. “I’m just really in it to help,” he said. “Ever since entering the NFT space, I've just had that mindset. Not really in it for the money, just in for the art and in it for keeping things cool.”

Nyan Cat just SOLD for 300 $ETH ($590,796.00)!

Huge congrats to @PRguitarman! You've just opened up a whole new world of opportunity for digital artists and meme creators.

Really honored to have been part of this journey 🌈🐈 https://t.co/k3Crq2rnAW

— 𝐿𝒾𝓃𝒹𝓈𝒶𝓎 𝐻𝑜𝓌𝒶𝓇𝒹 (@Lindsay_Howard) February 19, 2021

Scumbag Steve
One of the first people to reach out to Torres was Blake Boston, the 31-year-old behind the “Scumbag Steve” meme. Torres helped him get onto the NFT marketplace Foundation, and put Scumbag Steve on the blockchain. As part of the site's "Meme Economy" auction (promoted alongside Bad Luck Brian, Grumpy Cat, and others) it sold for 30 ETH, or $54,000 at the time, to someone with the handle @yourethememenowdog—a reference to the early meme site “You’re the Man Now, Dog.”

The meme took shape in 2006, when a 16-year-old Blake uploaded to MySpace a photo of himself in an oversized snapback and massive fur coat. From there, it found its way out into the broader internet as “Scumbag Steve”—the archetypal inconsiderate bro.

When the picture first blew up, Boston and his family were less than thrilled. “My mom, who took the picture, saw [it] once we went on the computer and looked it up, and she started crying,” he told Decrypt. “She's like, Oh my god, I ruined your life! I had no idea what was going on. I didn't even know what a meme was back then, so I had to do my research.”

He’s still based in Boston, the city where he was raised, and speaks with a thick accent to prove it. Since that initial shock of internet notoriety, he’s embraced his status as a meme icon, and even released a few goofy songs in character.

Boston was working as a chef until the pandemic hit. He’s supported his kids with unemployment checks since then, but the NFT windfall has been a weight off his shoulders.

“It’s such a stress reliever,” he said. “Up until about two weeks ago, my kids have been doing remote learning from home. So just a bunch of different things you gotta add on to expenses, and you're not getting paid as much as you were working. So it blew my mind and almost made me tear up, because I was just like, wow, the support was amazing. The whole process was amazing.”

Chris man, I’m so grateful. Thank you so much for rep us memes. https://t.co/wnVAwsAozO

— SCUMBAG STEVE (REAL) (@BlakeBoston617) March 15, 2021

Clarinet Boy
Clarinet Boy is a double exposure photo of a freckled kid clutching a clarinet and prepped for a marching band. On the one hand he’s happy—clarinet in hand, smiling at the camera—and on the other, he’s staring off into the distance, contemplating something unspeakable.

The image found fame on a blog called Awkward Family Photos in 2009, but quickly evolved into something else entirely. Many of the early images involving Clarinet Boy joked that he was plagued by flashbacks from the Vietnam war.

This started out because I'm actually IRL friends with PTSD Clarinet Boy. He's been in the same boat as other popular memes, where a photo of his exploded in popularity yet nobody really knew who he is. pic.twitter.com/vW1YOlMyVU

— ☆Chris☆ (@PRguitarman) April 14, 2021

The boy in the meme was BJ, now a 48-year-old mental health practitioner and educator living in Texas. It was Mike Bender and Mike Chernack, the operators of Awkward Family Photos, who turned Clarinet Boy into an NFT. In April, the token sold for 5.555 ETH (approximately $12,000) on Foundation.

The sale was one of a few auctions centered around NFT-tied images from Awkward Family Photos; Bender told Decrypt he and Chernack will split the profits down the middle with the families responsible for the photos.

“When we wrote [BJ] a month ago or so about this NFT idea, I think it was a really attractive idea to him and all of the families that we are doing this with, because in some ways the NFT gives those people an opportunity to reclaim that photo,” said Bender. “They've been on this roller coaster ride for all these years, watching the photo go everywhere. And now they get to mint it and authenticate it. They get to put their stamp on it.”

Asked about why the profits shouldn’t just go entirely to BJ, Bender said the blog already owns many of the images it has received as submissions over the years. “We paid the families to license the images,” he explained. “So we could have theoretically just gone and done NFTs—but we would never have done that.”

Disaster Girl
Zoe Roth was only four when her dad snapped a photo of her smirking in front of a burning building. The photo went viral in 2008, and became a kind of shorthand for taking pleasure in chaos.

Now, at 21, Roth is a bona fide thousandaire—in April, an NFT linked to the Disaster Girl meme sold on Foundation for an eye-popping $390,000. The buyer was an account called @3FMusic, which also bought The New York Times’ NFT for $562,000).

TWEET HERE

One for the grandkids.

Overly Attached Girlfriend
Overly Attached Girlfriend is a character from YouTuber Laina Morris that went viral in 2012. Morris’s video riffed on Justin Bieber’s song, “Boyfriend,” turning it into a song about an incessantly needy girlfriend.

Morris’s song includes such persuasive couplets as: “If I was your girlfriend / I’d never let you leave / without a small recording device / taped under your sleeve.” Her video took off; to date, it has 21 million views. But Morris’s fame extracted more from her than she did from it. After a year of uploading comedy videos to YouTube, the stress and the pressure started to overwhelm her. Morris struggled with depression, and eventually quit YouTube in 2019.

As the crypto art craze ratcheted up, Morris auctioned off the still that made her famous as an NFT, taking home a princely sum: $411,000. An account called 3FMusic (it bought the New York Times’ NFT, too) was the highest bidder.

“You’re really gonna make me emotional over a creepy face I made 9 years ago?!,” she said in a tweet after the auction. “Truly, you have no idea how this is going to change my life. I mean it. I am so incredibly thankful and also still just BLOWN AWAY.  So weird. So cool. Wtf. Thank you, internet.”

“The creepy face was definitely a last minute decision,” she told Buzzfeed in 2020.

By owning the Overly Attached Girlfriend #NFT, you’re guaranteed to never be alone again.

Ever. ❤️https://t.co/zJQ5keWmlh pic.twitter.com/aZD6P00CJh

— Laina (@laina622) April 2, 2021

Keyboard Cat
Remember Keyboard Cat, the adorable kitty who played a sweet little song on a synthesiser? Her name was Fatso, and she’s now an NFT. @yourethememenowdog, who picked up Scumbag Steve, snagged this one for 33 ETH—then $64,000.

pic.twitter.com/xYxZtEQoIw

— Keyboard Cat (@KeyboardCatReal) January 2, 2016

Bad Luck Brian
Kyle Craven, better known as the star of the Bad Luck Brian meme, sold his NFT for 20 ETH in March. Craven’s meme stemmed from a photo originally intended for his high school yearbook.

In the picture, Craven is dressed in a dorky sweater and pulls a goofy face. He looks impressionable, even a little awkward; no different than any other good-natured high school student. Craven said in a YouTube interview in 2016 that he was nothing of the sort: he posed for the photo to amuse his friends.

The prank picture didn’t make it into the yearbook (the principal, Craven claims, was onto him). He saved a copy and it wound up on Reddit, where things began to spiral. “I fortunately don’t look like the picture, so I hardly get recognized in public,” Craven insists. What was not Craven’s intention was for his likeness to become the butt of hundreds of thousands of online jokes, each a play on the Bad Luck Brian archetype: a nice guy, and a hapless victim of endless unfortunate circumstances.

Craven, now 31, has finally come into some good luck: the Bad Luck Brian NFT he sold on Foundation generated 20 ETH, or $36,000. And it couldn’t have happened to a nicer guy.

🌐 WEEK 1 🌈 by @NyanCat

6 OG memes. 1 brand new NFT. We’re seeing the rise of the meme economy on Foundation. 📈 @solidbadluck @idascreatures @steveibsen @realgrumpycat @keyboardcatreal @twerkypepe @blakeboston617

Only on → https://t.co/A7bTOLs99m pic.twitter.com/XVaUZrDoQI

— Foundation 🌐 (@withFND) March 9, 2021

Grumpy Cat
Grumpy Cat’s real name was Tardar Sauce. The cat was named Meme of the Year at the 2013 Webby Awards. Her owner, Tabatha Bundesen, translated Grumpy Cat’s viral moment into successful social media accounts and merch collections. In NFT form, Grumpy Cat went for 44 ETH, or nearly $100,000.

It's Grumpy's birthday! Happy Birthday @RealGrumpyCat We miss you 🥳🐈🎉 pic.twitter.com/Z5PoE9OPzf

— Ima Jerk (@58isGREAT1) April 4, 2021

Ermahgerd
Apologies to Maggie Goldenberger, otherwise known as Ermagherd—her NFT made just $4,600.

Annual football starting excitement... pic.twitter.com/TPiFW5Pox6

— Gabriel (@Gabe_TFB) August 3, 2018

Here Are the Classic Internet Memes Finding New Life as NFTs
https://cryptonews.net/577914/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

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Despite losing $6,000 in hours and $17,000 in several days, on-chain data suggests that the demand for bitcoin is still solid. The number of coins stored on exchanges and miners refusing to sell indicates that the cryptocurrency could resume its bull run shortly.

The Good News Following the Crash
It was roughly ten days ago when bitcoin was riding high and painted a new all-time at $65,000. This came amid the long-anticipated Coinbase public listing on Nasdaq. Ever since that peak, though, the situation has reversed.

On Sunday BTC slumped to a 3-week low at $51,500. Although it bounced off and recovered several thousand dollars in the following days, the bearish developments only intensified in the past 24 hours.

As always, the community speculated with the possible reasons with the most discussed theory links the market crash with the proposed new tax on capital gains from the US President Joe Biden.

These adverse market moves caused massive pain for investors once again as Bybt data shows $4 billion of liquidations on a 24-hour scale. Nevertheless, some community members found positive news. 

Charles Edwards, the founder of Capriole Investments, has repeatedly outlined the “overextended” state of the ongoing bitcoin bull cycle in the past. Now, he noted that the “volatility has finally reset,” and projected that the next run will be “in a much healthier position for continuation.”


BTC’s Supply Declines Demand Grows
By referring to data from CryptoQuant, a popular crypto commentator going by the Twitter handle Dilution-proof breached valid reasons that could still support a bullish case for BTC.

The number of bitcoins held on cryptocurrency exchanges keeps declining. Meaning that the selling pressure decreases, while investors continue to accumulate and withdraw their assets from trading platforms.


Glassnode also supported this by indicating that the number of addresses receiving from exchanges (7D-MA) reached a 3-year high of nearly 3.4 million.

Additionally, miners have halted selling as well. As previously reported, BTC miners had started to dispose of their coins, which resulted in substantial price losses in a relatively short period. However, they have turned to HODLing since then.

2 On-Chain Metrics Suggest Bitcoin Bullish Bias Intact
https://cryptonews.net/575294/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

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Bitclout, a one-of-a-kind platform for trading tokens that represent the identities of real-world persons, reshapes its node structure. Legendary investor Chamath Palihapitiya is excited about its adoption prospects.

Developers are earliest adopters: Chamath Palihapitiya
Yesterday, on April 24, 2021, the BitClout team for the first time ever released its "vision" document and changed its node technology design. Now the node structure of Bitclout is accessible for every enthusiast on the crypto scene.

Chamath Palihapitya excited by BitClout
This announcement was met with enthusiasm by legendary venture capitalist Chamath Palihapitiya. He claimed that it is when developers adopt that the massive adoption of high-tech projects begins.

For BitClout, the process has just begun. If this process continues, it will look like the "very asymmetric one-way bet" Bitcoin (BTC) went through in its early days, Mr. Palihapitiya adds.

Mr. Palihapitiya was among the earliest investors in BitClout together with Andreessen Horowitz, Sequoia Capital and Alexis Ohanian.

"Centralized website," "predatory scam," "not social network": investors on BitClout
Meanwhile, the cryptocurrency community is not too excited about BitClout's business model. VanEck's director of digital assets strategy, Gabor Gurbacs, recalled that BitClout monetizes peoples' identities without authorization:

They literally stole millions of profiles, use likeness without permission and sell their service based on stolen identities and likeness. The users that are harmed and the California attorney general don’t like this, I can tell you.

As covered by no link shorteningday previously, the top-notch lawyers at Anderson Kill reached out to BitClout with a "cease-and-desist letter" on behalf of Radar Relay's product lead, Brandon Curtis.

Billionaire investor Mark Cuban claims that the decision to support BitClout is an error on Mr. Palihapitiya's part:

The problem is that its a social network that isnt social at all.  IMHO, you made an enormous mistake by showing the pricing and requiring people to have coins to participate.  People can't be social. They have to try to do things that increase their value. Big Difference.

Also, BlockTower Capital CIO Ari Paul outlined that, besides being a predatory centralized scam, BitClout is also very poorly engineered.

Chamath Palihapitiya Compares Bitclout to Early Bitcoin (BTC), Community Disagrees
https://cryptonews.net/575510/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

42
Trading legend, old-school commodity trader Peter Brandt, has taken to Twitter to tell the community that Joe Biden’s presidency may have huge negative consequences for the flagship cryptocurrency – Bitcoin.

Brandt warns Biden may do a lot of harm to Bitcoin
He has shared a link to The Wall Street Journal article about Biden’s proposal to raise capital gains tax to 39 percent and, as Brandt points out, in some states even as high as 55 percent.

At the moment, the capital gains tax collects 20 percent from these profits maximum, while the top rate for wages or business profits is 37 percent.

If Biden’s proposal is approved, high-income families will see their investment planning upended and it business owners will likely have little to pass on to their children.

“If Mr. Biden and the Democrats are successful, the resulting changes would upend investment planning for high-income households and make it more difficult for business owners to pass assets to their children.”

As reported by no link shorteningday earlier, on April 22, the news of Biden’s capital gains tax proposal made Bitcoin collapse from the $55,000 level to the $48,000 zone.

Major cryptocurrencies, like Ethereum, XRP, etc, followed the suit.

6475_100093443
Brandt remains bullish on BTC
Peter Brandt also tweeted that he remains a Bitcoin bull (and a libertarian) despite this news and this tweet does not represent a bearish opinion of BTC.

Bitcoin remains one of Peter Brandt’s largest holdings.

Peter Brandt Believes Bitcoin May Suffer A Lot from Biden Presidency, Here’s Why
https://cryptonews.net/575604/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

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