Crypto Break

2023-06-07 12:00:08 ​​Binance CEO And Coinbase CEO Lose Wealth After SEC Attack

The Bloomberg Billionaires Index showed that Binance CEO Zhao Changpeng’s net worth shrank by $1.4 billion to $26 billion in the past two days, while Coinbase CEO Brian Armstrong’s net worth Assets shrank by $361 million to $2.2 billion.

This is after the US SEC sued two companies for violating securities rules, causing the stocks and tokens of several crypto-related companies to plummet.

Before this week’s decline, Changpeng Zhao’s net worth had soared 117 percent this year, while Coinbase CEO was up 61 percent. In contrast, the net worth of the other billionaires in the Bloomberg Wealth Index rose a combined 9%.

The US Commodities Futures Trading Commission (CFTC) also accused Zhao and Binance of habitually breaking its standards three months ago.

As a result, Zhao and former Chief Supervisor Samuel Lim were charged with breaking eight basic elements of the US Commodities Exchange Act, including the need that safeguards be put in place to prevent and identify money laundering and financial activities. Terrorist support.

The SEC has also been looking into whether Binance improperly traded digital currency for months. The SEC may have jurisdiction over a virtual currency if investors purchase it to finance a corporation or project for profit.

The SEC said in a complaint filed on Monday that Binance CEO and the exchange deceived investors and authorities mismanaged consumer cash, and violated securities laws. Zhao, 46, co-founded the exchange in 2017 and helped it grow into a worldwide behemoth. His personal net worth increased as well, peaking at $96.9 billion in January 2022.

According to the filing, the corporation ran an exchange and marketed unregistered securities, skewed trading controls, and committed a variety of other offenses.

The SEC also filed a lawsuit against cryptocurrency exchange Coinbase in federal court in New York on Tuesday morning, stating that the firm was functioning as an unregistered broker and exchange and requesting that the company be permanently stopped and enjoined from doing so in the future. Buka / Bagaimana

2023-05-31 21:40:39 Next 5-10 years are probably your last opportunity to make x100-x1000 in the Crypto market.

What can I (and you) do here:

use 10-20% of monthly income to buy crypto: BTC, ETH or DCA into stablecoins and find yourself a safe platform which will grow that supply

invest into infrastructural blockchain project with actively developing ecosystems

In my blog I will try to simplify as much as I can from my education in investing and 7+ years of experience in crypto.

Follow for crypto advice and investing tips:
Gene, CEO of Earnpark Buka / Bagaimana

2023-05-23 16:00:08 ​​Cardano Network Faces Major Problem, Swaps Take 30 Minutes

Cardano, the smart contract platform developed by Charles Hoskinson, is currently facing a significant issue. Despite Hoskinson's earlier claims that the Cardano network could theoretically handle up to a staggering one million transactions per second (TPS), the reality is turning out to be quite different. Users are experiencing delays, with some swaps on Cardano-based decentralized exchanges (DEXes) taking up to 30 minutes to complete.

Cardano has been hailed as a revolutionary "Ethereum killer," boasting an impressive array of technical capabilities and aiming to deliver an unrivaled user experience. However, the recent problem of time-consuming swaps is a major setback for the network, potentially undermining its position as a leading player in the DeFi sector.

A key factor in a blockchain network's success is its transaction processing speed. The touted "1 million TPS" promise positioned Cardano as a potential game-changer in the industry. In practice, however, reaching such a performance benchmark appears to be a challenging task. The current transaction delays highlight a stark contrast between Cardano's theoretical capabilities and its practical application.

This issue is causing a significant stir among Cardano users, with many suggesting a shift in liquidity toward MuesliSwap, a DEX on the Cardano network. MuesliSwap has managed to maintain faster transaction speeds, providing a more efficient and user-friendly service amid the network's issues.

It is worth noting that the issue is not with any exchange in particular, but with the network upon which it operates. As such, even as users gravitate toward MuesliSwap for its relative speed, the overall problem persists and should be addressed at a network level since the decentralized exchange has simply optimized the existing technology. Buka / Bagaimana

2023-05-18 15:00:07 ​​Ripple Starts Platform for Central Banks to Issue Their CBDCs

Ripple is starting a central bank digital currency (CBDC) platform which allows central banks, governments, and financial institutions to issue their own digital currency.

Using Ripple's platform government institutions can manage and customize the entire life cycle of the CBDC, which includes minting, distribution, redemption and token burning. Financial institutions would also be able to manage and participate in inter-institutional settlement and distribution functions using the CBDC.

Central banks can issue both wholesale and retail CBDCs, which can make offline transactions as well.

The platform is an enhanced version of Ripple's Private Ledger, which was started in 2021 for issuing CBDCs. The platform is based on Ripple's XRP Ledger.

Ripple will show the use case for its platform under the e-HKD pilot, a program run by the Hong Kong Monetary Authority, the de facto central bank. It is also working with Taiwan's Fubon Bank, to build a product for real estate asset tokenization and equity distribution, under the e-HKD pilot. Buka / Bagaimana

2023-05-14 15:00:03 ​​Top Crypto Gainers of the Week: LADYS, PEPE, and SUI

Top gainers of the week: LADYS, PEPE, and SUI.
In the last 24hrs, the highest price surge occurred in LADYS with an increase of 43.38%.
The crypto market is likely bearish over a week yet some cryptocurrencies kept surging with an expanded market capitalization. Let us look into the coins which ruled over the week in this article. As per the CoinMarketCap analysis, the top gainers include Milady Meme Coin (LADYS), Pepe (PEPE), and Sui (SUI).

Milady Meme Coin (LADYS)
With Elon Musk’s latest tweet of the Milady token, the memecoin has been reaching the sky. Next to DOGE, the memecoin LADYS is the one ruling the crypto Twitter lately. Over a 43.38% increase in price, the LADYS values $0.00000008842 in the current market. To mention, LADYS has more than 734 trillion circulating supply which is 82.70% of its total supply. Yet the trading volume is around $83,382,650 in the last 24 hours as per CoinMarketCap.

Pepe (PEPE)
A recently launched memecoin, is termed the top-performing cryptocurrency over a month. In the last 24 hours, PEPE has been surging by a 21.12% increase in the price change and values $0.000001904 over one billion trading volume. Meanwhile, over 93% of PEPE tokens are in circulation from its total supply in the crypto market.

Sui (SUI)
The most recent token named SUI has begun growing since launch. Moreover, SUI kept engaging with its listings and Mainnet launch over the month. Meanwhile, the token is subsequently reaching higher with an increase of 2.01% in the last 24H. The total supply of SUI is around 10M in the crypto market, out of which 5.28% runs in circulation. Currently, SUI pricing at $1.0992 with a trading volume of $171,764,473 according to CoinMarketCap.

Nevertheless, the last seven days seem volatile in nature yet the memecoins gathering investors for a better future. Hope, the crypto market gains its sustainability and turns bullish with potential growth within Q2 of 2023. Buka / Bagaimana

2023-04-30 15:00:04 ​​Data Shows 50+% of BTC’s Supply Remains Untouched for 2+ Years

The crypto trader Ali shared recent data from Glassnode via a tweet this morning. In the tweet, Ali stated that the supply for Bitcoin (BTC) continues to tighten as around 54% of the BTC supply remains unmoved for two or more years. According to the trader, this holding pattern demonstrates long-term conviction for BTC despite the recent price fluctuations.

The market leader’s price has slipped again over the past 24 hours according to CoinMarketCap. At press time, BTC’s price is down 0.49% and currently stands at $29,261.97. Fortunately, the weekly price performance for BTC remains in the green at +6%.

BTC was able to reach a daily high of $29,411.23 over the last 24 hours, but has since retraced to trade at its current price. Furthermore, BTC being unable to maintain a position above $29,400 may be the result of the poor trading activity in the past day. Currently, BTC’s daily trading volume is estimated to be $10,272,138,710, which is a 37.04% 24-hour drop.

BTC’s price is currently resting on the 9-day EMA line after facing rejection from the $29,700 mark. Should the crypto’s price continue to fall in the next 24-48 hours, it will receive support from the $28,800 level. If this level fails to hold, then BTC’s next downside target will be $27,800.

The bearish thesis may not play out, however, given the fact that the 9-day EMA line recently crossed above the 20-day EMA line. There has, however, been mediocre price movement for BTC over the last 3 days. This may be because traders are anxiously awaiting the respective outcomes of the economic data coming out from the US later this week.

Perhaps the most important macroeconomic information being released this week is the FED’s interest rate decision happening this coming Wednesday. Historic FED interest rate decisions have had a notable impact on the price of BTC and prices in the rest of the crypto market. Therefore, traders may be treading cautiously leading up to Wednesday’s decision.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Crypto Break and its affiliates will not be held liable for any direct or indirect damage or loss. Buka / Bagaimana

2023-04-08 15:00:04 ​​Crypto Community Believes ETH Will Reach $5K by the End of 2023

In a tweet yesterday, Wu Blockchain, shared the results of a recent survey performed by OKX. According to the tweet, 63% of respondents predict that ETH will hit a new record high of $5,000 by the end of 2023. Meanwhile, 83% of those surveyed expect that more ETH will be staked in the next 3 months.

At press time, ETH’s price stands at $1,876.17 after it printed a 24-hour gain of 0.42% according to CoinMarketCap. This has added to the leading altcoin’s already-positive weekly price movement – taking the total gain for the last 7 days to +2.79%.

ETH was, however, outperformed by the market leader Bitcoin (BTC) over the last 24 hours. As a result, ETH is down 0.18% against ETH.

ETH’s price double-tapped the resistance level at $1,710 over the last month, which eventually resulted in it breaking out above the key level. The altcoin’s price was able to flip the resistance level into support on 17 March 2023.

This flipping of the level happened shortly after the 9-day EMA line crossed bullishly above the 20-day EMA line just a few days prior on 13 March. The shorter EMA line then offered ETH the necessary support to break the latest key price level at $1,850 – a level it continues to trade above at press time.

ETH’s price seems to have established a peak at $1,942.98 this past Wednesday and has retracted back down to the $1,850 mark. Should ETH’s price fail to close today’s trading session above this price level, then it may drop to the next minor support level at $1,781 in the next 14-48 hours. Buka / Bagaimana

2023-03-29 18:00:05 MAPay and its crypto subsidiary MPayz, a global healthcare technology firm with a focus on decentralized payment networks, unveiled its partnership with the Ministry of Public Health and Family Welfare in the Government of Maharashtra, India, to provide NFT technology that will store personal health data on the blockchain for the first time. Built on Algorand, the first deployment will introduce upwards of 100 million NFTs for this purpose.

MAPay will use its proprietary NFT technology to enable secure, decentralized storage. This application for NFTs will help eliminate intermediaries in the healthcare system that routinely cause bottlenecks, introduce risk, and drive up costs for all parties – including patients; public, private, and government health providers; insurance companies; and banks. See the full press release here:

https://rb.gy/jkecc3

https://link.mpayz.io/kU9w Buka / Bagaimana

2023-03-05 20:00:07 ​​BLUR Token in Crisis: Can It Recover From New Lows?

The BLUR token has hit a new low, dropping below the $0.75 level for the first time in recent weeks. This comes as investors grow increasingly concerned about the potential for a further increase in the token's supply, which could put even more downward pressure on the price.

One of the primary reasons for the decline in the value of BLUR is the upcoming airdrop of new tokens, which will be distributed to existing token holders. While airdrops can be a great way to reward loyal investors and generate interest in a cryptocurrency project, they can also be problematic if the new tokens flood the market and create an oversupply situation.

When new tokens are airdropped, they are typically given to existing holders in proportion to the number of tokens they already own. While this can be a great way to reward early investors and build community engagement, it can also create selling pressure if a significant number of investors choose to sell their new tokens immediately.

This is especially true if the new tokens are distributed in large quantities, as is often the case with airdrops from newer projects trying to build a user base. In some cases, this oversupply can lead to a sharp decline in the value of the underlying asset, as investors scramble to sell before prices drop too low.

In the case of BLUR, the upcoming airdrop has caused many investors to grow concerned about the potential for oversupply, leading to a decline in the token's value. Unfortunately, the endorsement BLUR received from notable entrepreneurs could not help it on its way down. Buka / Bagaimana

2023-03-02 15:00:20 ​​UNITY ADDS WEB3 DEVELOPER TOOLS TO ACCELERATE BLOCKCHAIN GAMING DEVELOPMENT

Blockchain gaming development may have slowed down over the past year, but things are about to change. This is after Unity added 13 Web3 developer tools designed to aid builders in the blockchain space. The integrations can be found on the Unity Asset Store, the gaming giant’s online store, where developers can purchase and download them to integrate in their games.

Web3 developers will be able to download the SDKs and APIs from leading blockchain solutions providers that are listed on the Unity Asset Store. These include the likes of MetaMask, Algorand, ImmutableX, and many others.

Experts within Web3 believe this move will spark an influx of game developers into the space. Simon Kertonegoro, CEO of MyMetaverse, is one of those who shares this sentiment. Speaking to the press, he notes that “everyone in gaming respects Unity, they’re the people’s champ.”

A spokesperson for Altura, one of the service providers listed, also sees this decision as making decentralized gaming more accessible to its massive audience. This goes for both players and developers

Unity Web3 Tools Will Bring Back Blockchain Game Developers
The gaming world has bought into the hype of Web3 as decentralization allows players to own in-game assets—this way they can create, earn and obtain resources that can be traded and sold elsewhere.

Web3 developers are leveraging smart contracts, virtual wallets, NFTs, and cryptocurrencies to facilitate decentralization in video games.

The tools add to Unity’s existing features that are designed to make blockchain game development efficient. The Unity game engine already exists, which developers can use to create 3D environments for various platforms. These include desktop, mobile, and console devices.

Kertonegoro believes the latest move is historic given Unity’s standing within the gaming world. Having launched in 2004, the platform is one of the biggest in the gaming space and is well respected.

“It’s one of the biggest players in gaming, and for them to show such clear and strong solidarity with the Web3 movement is a truly inspiring moment and a historic move for GameFi.”

And for the developers that had run out of space, now “Web3 is ready to welcome them with open arms.” Buka / Bagaimana