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Avalanche of Institutions To Descend on Crypto Markets Over Next 12 to 18 Months: SkyBridge Capital CEO

The CEO of global investment firm Skybridge Capital is predicting that the crypto markets will see more institutional interest in the next 12 to 18 months. 

In a new episode of The Best Business Show, Anthony Scaramucci tells host and Bitcoin bull Anthony Pompliano that more institutional investors will likely jump into the crypto bandwagon as regulators move to clear the hurdles involved in buying and holding digital assets. 

 “I’ll make a bold prediction, Anthony. I think there’s going to be institutional interests over the next 12 to 18 months because you now have gotten the regulatory box checked and that checking of that box is going to lead to institutions saying, ‘Hey I got to get in this thing. I’ve got to own a piece of this. I’ve got to understand it,’ and what would George Soros say? He would say ‘Invest and investigate later.’”

Scaramucci considers the possibility that BTC, which is currently worth $61,354.19, may trade back to $50,000, but he says that the top crypto will likely breach the six-digit mark after the U.S. Securities and Exchange Commission greenlighted the first batch of Bitcoin futures exchange-traded funds (ETF).
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Orbs, the Leading Public Blockchain Infrastructure, Introduces Its Groundbreaking Layer 3 Architecture

November 11, 2021 – Singapore, Singapore

Orbs is once again disrupting the blockchain with an entirely new proposition – that is to augment the architecture of a multichain interoperable infrastructure, which works in parallel with all the major layer 1 and layer 2 chains, like BSC, Ethereum, Solana and Avalanche, and the apps that sit on them.The Orbs chain can be considered a layer 3 chain – another layer on top of L1 and L2 layers, whereby it draws from the security of the layer 1 chains, the scalability layer of the L2 and utilizes its own smart contract deployment layer to enhance the sophistication of the functionality of EVM-compatible smart contracts.

A simple way to understand this framework is by looking at an example of a DeFi app that offers users smart vaults (e.g., Yearn Finance). The user deposits their funds into the vaults, and the algorithm manages the money – in the same way as a money manager would – by opening and closing positions.
Kenya Based Fintech Kwara Raises $4 Million in Seed Round

A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services.

The Rising Demand for Financial Services by Credit Union MembersKwara, a Kenyan fintech that focuses on helping credit unions, has raised $4 million in its latest seed round. The startup plans to use the funds to build a “neobank” app that enables individuals to sign up with their preferred credit unions to access various financial services.

The seed round was led by Breega VC firm, with the participation of Softbank Vision Fund Emerge, Finca Ventures, New General Market Partners, Globivest and Do Good Invest. Other investors include Rabacap, Launch Africa, Norrsken Impact Accelerator, Future Africa, Samurai Incubate, DOB Equity and fintech angels.
Top US Celebrities Face Lawsuit For Promoting A Now Near-Worthless “Ethereum Wannabe” EMMAX Coin

Top Hollywood reality TV star Kim Kardashian, together with American celebrity boxer, Floyd Mayweather Jr and Paul Pierce, the former NBA basketball player, have been dragged to court by a disgruntled Ethereum Max (EMMAX) investor. The plaintiff filed charges against all three celebrities for what has been described as a ruthless pump and dump, leading to huge investor losses for EMMAX.

Huegerich argued in a California court that the duo of Steve Gentle and Giovanni Perrone, Ethereum Max’s founders, had colluded with these top celebrities to briefly resuscitate their dying token to recoup their initial investments. Now granted the audience by the district court, Huegerich may set on finding a good number of aggrieved EMMAX investors to start a class action.
Solidus AI Tech Debuts Eco-Friendly Cryptocurrency, Raises $4.35m in Private AITECH Token Sale

Solidus Ai Tech is a computation network that provides processing resources to companies working on sophisticated AI projects that require a lot of it. The company’s flagship AITECH token offering raised $4,354,795 million in a private sale and is now in the second phase. The list of collaborations is already long and includes the mighty Microsoft, but new agreements like Cyber Smart Defence and award-winning digital marketing agency Crowd Create have been forged in the last month, indicating that they are really starting to push forward in both the AI and Crypto arenas.

— Solidus Ai Tech has recently introduced its Artificial Intelligence utility token AITECH, an eco-friendly cryptocurrency, as part of Solidus’ ongoing efforts to increase efficiency and reduce power usage at its High-Performance Computing (HPC) Data Centre, which operates under ISO 14001:2015.
ApeCoin $APE Trading Volume Triggers Spike in ETH Gas Prices

Ethereum gas prices have soared as the ApeCoin token recorded staggering transaction and withdrawal volumes on popular decentralized exchange Uniswap. The governance token inspired by the highly-rated NFT collection Bored Apes Yacht Club has also experienced significant activity of crypto platforms like FTX.

Due to massive surges in the trading activity of the ERC-20 token called ApeCoin (APE), gas prices on the Ethereum network increased.Data from on-chain analytics provider Nansen showed that the average price for transactions on the ETH blockchain hit as high as 340 gwei on Thursday.According to Nansen, the withdrawal and transaction of ApeCoin Token caused the gas fee of Ethereum to skyrocket, with the median soaring to 340gwei at one point. pic.twitter.com/6lTRVACwsu

— Wu Blockchain (@WuBlockchain) March 17, 2022Since its launch on Wednesday APE has also seen significant activity on centralized crypto exchanges as well. The coin reportedly reached an all-time high of $40 on FTX.Barely 24 hours after launch, APE already boasts over $100 million in trading volume, per data from CoinMarketCap. The token’s market cap also crossed $1.8 billion, a hefty 590% gain since its debut in the crypto market.ApeDAO, the decentralized organization behind ApeCoin, announced an airdrop for BAYC holders. Wallet with Mutant Apes Yacht Club and Bored Apes Kennel Club (BAKC) NFTs are also eligible to claim free tokens.The airdrop claim consisting of 15% of the total supply of ApeCoin will be made available to @BoredApeYC NFT holders (Bored Apes and Mutant Apes, as well as #BAKC dogs paired with either #BAYC or #MAYC).

— ApeCoin (@apecoin) March 16, 2022The work done by Yuga Labs is supposedly a core inspiration behind the creation of ApeCoin. Yuga Labs is credited for its multi-million dollar NFT project Bored Apes Yacht Club (BAYC) which has attracted attention from both crypto proponents and mainstream celebrities like Justin Beiber.
Twitter Board Could See their Salaries Drop to $0 if Elon Musk’s Takeover Bid Succeeds

Summary:

Elon Musk has stated that the salaries of Twitter board members ‘will be $0’ if his takeover bid succeedsElon was responding to a Tweet suggesting that the Twitter Board members earn between $250k to $300k a year for a ‘part-time job’The Twitter board, excluding Jack Dorsey, collectively owns 0.12% of the company, with Elon stating that their interests are not aligned with shareholdersIn a Twitter commentary earlier today, Elon Musk stated that the Twitter board salaries would be $0 if his bid to take the company private succeeds. Furthermore, Elon pointed out that reducing the wages of the Twitter board members will save the company roughly 3 million dollars annually.

Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there
Two Ethereum Rivals Are Primed To Break Out This Week, According to Top Crypto Analyst

A popular crypto strategist and trader says he’s keeping a close watch on two Ethereum challengers that he believes are poised to break out this week.

Pseudonymous analyst Pentoshi tells his 547,800 Twitter followers that the crypto markets are flashing signs of bearish exhaustion, suggesting that bulls can ignite relief rallies.
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.
Developers on Immutable X now ‘passwordless’ sign-in with Magic integration

The team of Magic, providers of an SDK that integrates with existing apps to enable passwordless web3 onboarding (no seed phrases), announced today that its passwordless email login has now been integrated for those looking to build with Immutable X, an L2 scaling solution for NFTs.

By relying on Magic’s SDK a developer can integrate passwordless login and authentication without relying on any traditional seed phrases by a user simply signing in with just their email address to further help reduce friction for users.
MRHB to Release Major Halal DeFi Solutions for Passive Crypto Income, Commodity Exchange & Staking

Dubai, United Arab Emirates, June 10th, 2022 — Ethics-focused decentralized finance platform MRHB.Network has announced three world first product/feature launches together with dozens of new enhancements to be added to their halal DeFi platform in the next six months. This announcement comes along with over a dozen more developments to be added from August onwards, which pave the way for four other major products to be launched next year.

“MRHB DeFi Network has a very strong roadmap to rapidly build out a full-featured DeFi ecosystem of ethical and halal finance solutions. The developments we are rolling out this summer will bring a wide array of functionality and utility to our platform, which we are very excited to present to our community,” said Naquib Mohammed, the project’s CEO and founder.
Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers

Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have also started offering crypto services recently.

Picpay to Allow Customers to Use Crypto From AppMore fintech-based companies are now approaching crypto as a way of extending their service offering for their customers. Picpay, a Brazilian fintech and payments company, has announced it will now allow its customers to purchase crypto from within its app using fiat funds. The company announced it will include several cryptocurrencies in its wallet, including BTC, ETH, and USDP, a Paxos-backed stablecoin.

According to local reports, the service would be handled by Paxos, the same company that has provided crypto management services for other companies that are also offering crypto services in Brazil, such as Mercado Libre and Nubank.

To the company, this is a very significant move, as expressed by Anderson Chamon, co-founder and vice president of products and technology at Picpay. He stated:

Picpay will enter this world very strongly. It will not be an accessory product, it will be a very important line of business.

Picpay plans to roll out this update for next month, though it is still unknown if the company will allow crypto deposits and withdrawals from its platform. More than 60 million users of the app will be able to utilize the new services in Brazil.

Payment Services and a Real-Pegged StablecoinAs an extension of the new services, the app will also allow customers to pay with crypto in any of the merchants using Picpay as part of their payment options. The fintech company aims to make this possible later this year, with the cryptocurrencies being liquidated automatically for fiat money to protect merchants from volatility.

By the end of the year, Picpay informed it expects to have more than 100 cryptocurrencies in its wallet, offering an ample range of options for potential investors. However, one of its most ambitious projects is the launch of its own Brazilian real-pegged stablecoin, which will be used to make payments and purchases. About the planned stablecoin, called brazilian real coin (BRC), Chamon stated:

You will not need to be a Picpay user to use this stablecoin. You can be a tourist coming to Brazil, take Paypal or another digital wallet, buy BRC on an exchange and use it in the Brazilian market.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!

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.

When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!

Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.

The metauniverse is scheduled to launch on September 1.
Forwarded from CryptoSoul
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.
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!

Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September 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.
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Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges

India’s finance minister has cautioned investors about cryptocurrency as the country’s Enforcement Directorate (ED) investigates a number of crypto exchanges and freezes the assets of some trading platforms.

Indian Finance Minister Cautions About CryptoIndian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned the public and entrepreneurs that cryptocurrency is not currency, stating:

The government has already warned. I think all of us will have to share our thoughts and move with a bit of caution on this.
Light At The End Of The Tunnel? Bull Run For Bitcoin And Ethereum On The Horizon

Bitcoin (BTC) and Ethereum (ETH) are looking to pull away from the rest of the pack, with the signs looking positive for the market leaders.

Crypto enthusiasts started the year with a strong belief in a bull run driving BTC above its record $64,000 mark. The dream turned into a nightmare as the market dipped to new lows, leaving experts scratching their heads.

Bitcoin and Ethereum have always been a yardstick for many digital asset holders to determine whether the market is bullish or still in the downturn. However, that may be a wrong analysis because altcoins might be on a solid rally, independent of the large-cap coins.
2025/10/31 13:01:23
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