Today crypto news 05/26/22:

1. Elon Musk Will Commit $33.5B to Twitter Buyout

2. Moonbirds NFTs drained in US$1.5M phishing scam

3. MetaMask to Add Support for Coinbase Pay as Part of Web 3 Push

4. 4 Years After Launch, Uniswap Reached $1 Trillion in Trading Volume

5. Turkey Plans a New Bill to Tighten Rules on Crypto

#Smartlaunch #Launchpad #Crypto #Blokchchain

Today crypto news 05/27/22

1. India Ranks First Globally for Play-To-Earn Gaming Adoption

2. Huobi Global Acquires Latin American Crypto Exchange Bitex

3. JPMorgan Is Using Blockchain for Collateral Settlement

4. Billionaire Mark Cuban Pours Cold Water on Terra 2.0

5. Twitter agrees to $150 million fine over US data privacy complaint

6. McLaren’s Daniel Ricciardo Becomes Global Ambassador of OKX

#Smartlaunch #Launchpad #Crypto #Blokchchain

LUNA 2.0, the Terra revival plan devised by the cryptocurrency’s founder Do Kwon, is set to launch on May 27. Several crypto exchanges, including the likes of Huobi and Bitrue, took to Twitter to confirm their support for LUNA 2.0 on their respective platforms.

While the Terra revival plan initially faced a lot of criticism, the crypto’s investor community has now approved Kwon’s proposal. Earlier this month, Terra (LUNA) cryptocurrency lost all its value due to the de-pegging of TerraUSD (UST) stablecoin. This led to a nightmarish domino effect on the overall crypto market, wiping out around $400 billion from other cryptos.

#Smartlaunch #Launchpad #Crypto #Blockchain #Luna #Terra

HOW TO PROTECT YOUR CRYPTO INVESTMENTS?

Cryptocurrency crime had a record-breaking year in 2021, with a new report finding scammers took $14 billion worth of crypto last year.

That’s nearly twice the $7.8 billion taken by scammers in 2020, according to blockchain data firm Chainalysis’ “2022 Crypto Crime Report,”.

Read more: https://medium.com/@SmartLaunch/how-to-protect-your-crypto-investments-42ce2adcc6dd

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Russia is considering embracing crypto for international payments to help counter the impact of western sanctions.

Ivan Chebeskov, the Head of the Financial Policy Department under the Ministry of Finance, said the Russian government is actively discussing the idea of using cryptocurrencies for international settlements.

According to Chebeskov, allowing crypto as a means of settlement for international trade would help counter the impact of Western sanctions, which have limited Russia’s access to traditional cross-border payment mechanisms.

#Smartlaunch #Launchpad #Crypto #Blockchain #Russia

Today crypto news: 05/20/22

1. Google Trend Data for ‘NFT’ Shows Global Interest Slashed by 70%

2. Top Coinbase Officials Jointly Sold Over $1 Billion Worth of COIN Stock

3. LUNA 2.0 Launches With Rocky Start, Casts Doubts Following Price Crash

4. Binance Obtains Regulatory Approval to Offer Crypto Products in Italy

5. Bank of America CEO Dismisses Crypto

#Smartlaunch #Launchpad #Crypto #Blockchain

Shenzhen Municipal Bureau of Commerce is cooperating with several banks to issue red envelopes which can be used both online and offline. The total sum of these envelopes amounts to $4.5 million.

The envelopes will be distributed through a lottery process. Each participant can win 88, 100, or 128 digital yuan. The Shenzhen municipal department is working with the Bank of China, Agricultural Bank of China, ICBC, China Construction Bank, Bank of Communications, Postal Savings Bank of China, China Merchants Bank, and WeChat. The envelopes will be distributed from May 30.

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To an newbie investor, most cash seem comparable with their respective promise of returns and the perform they characterize.

However, there are some pink flags that every one buyers ought to be mindful when investing in a brand new coin — or largely within the cryptocurrency trade. Here are a few of them:

https://medium.com/@SmartLaunch/how-to-identify-whether-a-crypto-project-is-legitimate-f1ff3a82107d

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WHAT MAKES CRYPTOCURRENCY GO UP OR DOWN?

Crypto trades based on how people feel about it. It’s not tied to a metric like sales. Instead, it’s a combination of fear of missing out and how investors view the currency at any given moment.

Read more: https://medium.com/@SmartLaunch/what-makes-cryptocurrency-go-up-or-down-f4ebafebd577

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Today crypto news 06/02/22

1. JPMorgan CEO Jamie Dimon Warns of Incoming Economic Hurricane

2. OpenSea’ Former Head Of Product Indicted In Insider Trading Charge

3. Binance Labs launches $500M fund to back Web3 projects

4. Kanye West Stakes Claim for NFT and Metaverse Trademarks

#Smartlaunch #Launchpad #Crypto #Blockchain

All eyes are on Ethereum as it eclipses other blockchains in the NFT space. At $25 billion, Ethereum is now dubbed the leading blockchain in terms of all-time sales volume.

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An NFT collection featuring artwork by Johnny Depp has seen its price jump after the actor won a defamation suit against ex-wife Amber Heard yesterday.

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HOW DO CRYPTOCURRENCIES DIFFERENT?

The main differences relate to how coins are produced and spent. Some coins, like Bitcoin, Dash and Monero, are created in a process called “mining” which involves using powerful computers to solve complicated cryptographic puzzles.

Read more: https://medium.com/@SmartLaunch/how-do-cryptocurrencies-different-fd8e621a86d9

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Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors.

#Smartlaunch #Launchpad #Crypto #Blockchain #LUNA #TERRA

WHY DO BITCOINS HAVE VALUE?

Limited supply: Bitcoin’s maximum supply is 21 million. There will never be any more than 21 million Bitcoin. To many experts, this limited supply, or scarcity, is a big contributor to Bitcoin’s value.

Read more: https://medium.com/@SmartLaunch/why-do-bitcoins-have-value-547cae0b314e

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Elon Musk issued his most direct threat yet to walk away from his purchase of Twitter (TWTR) on Monday, openly accusing the social media company of breaching the merger agreement by not providing the data he has requested on spam and fake accounts.

In a letter to Twitter's head of legal, policy and trust, Vijaya Gadde, Musk alleged that Twitter is "actively resisting and thwarting his information rights" as outlined by the deal.

Shares of Twitter fell 5% in early trading Monday. Even before the latest development, Twitter stock was trading well below Musk's takeover offer of $54.20 per share, likely indicating investor skepticism about the deal going through.

#Smartlaunch #Launchpad #Crypto #Blockchain #Twitter #Elonmusk

Before you invest your hard-earned money into any asset class, you owe it to yourself to do some research. Investing is hard enough even when you know every bit of information you can get your hands on; flying blind is simply asking for trouble. This is particularly true with an asset class as new and as volatile as cryptocurrency.

Read more: https://medium.com/@SmartLaunch/4-easy-ways-to-research-crypto-before-investing-3666a15cea4c

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WHAT ARE ALTCOINS?

The name “altcoin” began as a shorthand for “alternative to Bitcoin,” and most altcoins were launched to improve upon Bitcoin in some way. Some examples of altcoins include: Namecoin, Litecoin, Peercoin, Ethereum, and USD Coin.

Like Bitcoin, some cryptocurrencies have a limited supply of coins — which helps create demand and reinforce their perceived value. For example, there is a fixed number of Bitcoins that can be created — 21 million, as decided by the creator(s) of Bitcoin.

#Smartlaunch #Launchpad #Crypto #Blockchain #ALTCoin

MasterCard is collaborating with major NFT marketplaces such as Immutable X, Candy Digital, Nifty Gateway, The Sandbox, and more. As part of the plan, the company is collaborating with these NFT marketplaces to bolster its web3 presence and allow more users to buy NFTs directly from their cards, instead of buying the cryptocurrency first.

#Smartlaunch #Launchpad #Crypto #Blockchain

“BUY THE DIP” ACTUALLY WORK?

If you’ve spent any time reading about investing on media, you’ve almost certainly heard the saying “buy the dip.”

The ubiquitous piece of advice — which refers to buying a stock or cryptocurrency right after a temporary price drop — has inspired memes and a raft of creative TikToks as influencers try to explain why the strategy makes sense, or mourn when buying the dip doesn’t work out.

But is buying the dip actually a good investing strategy? Not necessarily, according to the experts.

Read more: https://medium.com/@SmartLaunch/buy-the-dip-actually-work-d3385d59166

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Today crypto news: 06/14/22

1. France Could Deploy Blockchain Ticketing for Paris 2024 Olympic Games

2. EU Countries Is Reaching An Agreement On Crypto Adoption

3. Richard Branson Wants to Stop Crypto Scams Using His Name

4. MicroStrategy, crypto firm shares plunge with Bitcoin’s freefall

5. Bank Of America Survey Reveals 90% of Respondents Plan to Buy Crypto in 2022

6. Binance Is Expanding Hirings Amid Falling Crypto Market

#Smartlaunch #Launchpad #Crypto #Blockchain