TrueUSD (TUSD) has recorded a significant drop after Prime Trust stopped its mining service. There are rumors about the bankruptcy of Prime Trust, but the reason for the stoppage is not known with certainty. TUSD has been affected in its deposit and withdrawal channels by the SEC judicial processes, although its banking alliances ensure safe transactions. Furthermore, there are other impacts on the cryptocurrency market and interesting prospects in the mining industry.

TrueUSD Current Status

#whois #metamask

Joseph Lubin is a co-founder of Ethereum and founder of ConsenSys. Lubin believes that Ethereum will not be classified as a security and highlights its ability to maintain its value in the crypto winter. ConsenSys is looking to raise $250 million in a new funding round. Additionally, MetaMask, ConsenSys' cryptocurrency wallet, could reach $1 billion in annual revenue by 2022.

Joseph Lubin is a Canadian entrepreneur with extensive experience in the field of cryptocurrencies and blockchain technology. Lubin is co-founder of Ethereum, one of the main cryptocurrencies on the market, and founder of ConsenSys, a company that develops decentralized applications on the Ethereum blockchain.

#SEC #original

The world of cryptocurrency and DeFi is evolving rapidly, presenting both challenges and opportunities for users, platforms, and regulators. The elimination of intermediaries and financial democratization are some of the promises of DeFi. However, cryptocurrency and DeFi platforms are under scrutiny by regulators, such as Binance and Coinbase, which have been sued for offering certain cryptocurrencies that are considered securities.

Bitcoin (BTC) could be on the verge of plummeting to price levels not seen since 2020, according to Mike McGlone, senior macro strategist at Bloomberg Intelligence. With liquidity drying up and interest rates rising, McGlone suggests that a mean reversion back to around $7,000, where the rally started, is a possibility. This would entail a nearly 75% decline from Bitcoin's current price of $26,889.

McGlone points out that Bitcoin is still up nearly four times from the period when the Federal Reserve began expanding the money supply during the COVID-induced market collapse. However, he believes that the enduring patterns of booms and busts tied to liquidity shifts make a decline back to the 52-week mean plausible. McGlone also notes that the Federal Reserve's tightening measures, despite a bank run, demonstrate the central bank's determination.

The recent market dynamics, with declining copper and crypto prices contrasting with the resilient stock market, seem to reflect a cautious sentiment. McGlone emphasizes that Bitcoin needs to show a more significant divergence from equities before it can be considered a risk-off asset, similar to gold, under the current financial conditions.

In an interview with Scott Melker, McGlone states that while he is bullish on gold as a risk-off asset, he believes that Bitcoin has yet to demonstrate the same level of divergence from other risk assets. He suggests that Bitcoin would need to show substantial strength even as the S&P 500 experiences a significant drop, potentially down to 3,000, similar to the declines observed in copper, for it to truly establish itself as a risk-off asset.

McGlone highlights the facts surrounding Bitcoin's price history, noting that prior to the liquidity pump in 2020, the average price of Bitcoin in 2019 was $7,000. Despite reaching a peak of $60,000, it currently stands at $27,000, still four times its 2019 average. This indicates a potential mean reversion risk, leading McGlone to suggest that this is not a market where one should be long on any risk assets.

As Bitcoin faces the possibility of a significant decline, investors and market participants will closely monitor its price movements and the factors influencing its trajectory. The market's reaction to liquidity shifts and the overall risk sentiment will play a crucial role in shaping Bitcoin's future direction.

Pepe Memecoin has become a sensation in the crypto world, delivering astonishing returns of nearly 5,000,000% in just a matter of weeks. However, this explosive growth has not come without its fair share of challenges, as the coin has experienced a significant correction, currently down approximately 62% from its peak. This volatility serves as a stark reminder of the unpredictable nature of hype-driven memecoins.

One of the key factors that may pose challenges for Pepe is the lower retail participation and liquidity compared to popular memecoins like Dogecoin and Shiba Inu. On-chain analytics indicate that Pepe has significantly lower liquidity and retail participation levels than its counterparts did at a similar stage. Limited retail engagement translates to a smaller pool of active investors, creating a market that is more susceptible to manipulation and sudden price fluctuations.

Moreover, the retail landscape has undergone a dramatic shift, with retail engagement in Pepe and the overall crypto market showing signs of decline. This change in dynamics raises questions about the future prospects of Pepe and the broader meme coin ecosystem. Investor preferences and behaviors can change rapidly, leading to a potential shift in attention towards other promising projects or platforms.

Despite the challenges, Pepe has made some notable developments. The coin has expanded its reach by listing on prominent exchanges such as Gemini, Kraken, and Wazir, enhancing its accessibility and exposure. Additionally, Pepe has gone multichain with the introduction of a new bridge powered by Layerzero Labs, enabling seamless transfers of $PEPE across Ethereum, BNB, and Arbitrum. These advancements demonstrate Pepe's commitment to adaptability and broader market integration.

As investors navigate the ever-evolving cryptocurrency landscape, it is crucial to approach memecoins with caution. While Pepe has yielded substantial gains for some early investors, its volatile nature and susceptibility to market shifts underscore the need for careful consideration and risk management.

In summary, Pepe Memecoin has captured attention with its explosive growth, making millionaires overnight. However, its recent correction highlights the inherent volatility of memecoins. With lower retail participation and liquidity compared to its peers, Pepe faces challenges that could impact its long-term prospects. As the market landscape evolves, investors should stay vigilant and adapt their strategies accordingly, considering the ever-changing dynamics of the cryptocurrency world.

In recent years, peer-to-peer (P2P) payments have gained immense popularity due to their convenience and security. However, with the rise in popularity, scammers have also found new avenues to exploit unsuspecting individuals. As we navigate through 2023, it's crucial to stay informed about the various P2P scams that are prevalent.

One common scam is the overpayment scheme. Scammers initiate this fraud by sending a payment exceeding the owed amount and then requesting a refund for the difference. Unfortunately, once you send the refund, the original payment will be reversed, leaving you at a loss.

Fake job scams have also become a significant concern. Scammers create fictitious job postings on social media platforms and job boards, tricking job seekers into sending money for uniforms, training, or background checks. After receiving the payment, the scammers vanish, leaving victims with empty pockets.

Another deceitful tactic is the romance scam. Scammers fabricate profiles on dating websites and social media platforms to establish relationships built on trust. Once trust is gained, they exploit the emotional connection to ask for money under false pretenses like medical bills, travel expenses, or car repairs.

Tech support scams are yet another threat to be wary of. Scammers impersonate tech company representatives, claiming that your computer has a virus or other issues. They then request remote access to your computer to "fix" the problem. However, granting them access allows them to steal personal information or install malicious software.

To protect yourself from P2P scams, it's essential to familiarize yourself with their different forms. Here are some additional tips to safeguard your finances:

Opt for P2P payment apps with robust security features. Look for apps that offer two-factor authentication and fraud protection to enhance your transaction security.

Only send money to individuals you know and trust. If you have doubts about the recipient, seek additional information before making any payment.

Be cautious of any requests for money that appear too good to be true. Scammers often entice victims with promises of substantial sums for minimal effort. Exercise skepticism and verify the legitimacy of such offers.

Never disclose personal or financial information to suspicious emails or phone calls. Legitimate entities will not request sensitive data through unsolicited communication. When in doubt, contact your financial institution directly to verify the legitimacy of the request.

If you believe you have fallen victim to a P2P scam, take immediate action:

Report the incident to your financial institution and the P2P payment app you used. They can guide you on the necessary steps to mitigate any potential damage.

File a complaint with the Federal Trade Commission (FTC) to contribute to the ongoing efforts in combating scams and protecting others from falling victim.

By staying vigilant and following these guidelines, you can effectively protect yourself from P2P scams and ensure the security of your financial transactions.

#Bitcoin #BRC20

Bitcoin's mining difficulty level soared by 3.4% on Thursday, reaching an unprecedented all-time high. This surge coincided with a record-breaking increase in the network's hashrate. The mining difficulty adjusts approximately every two weeks, measuring the level of effort required for miners to verify transactions on a block. A higher difficulty reading indicates increased competitiveness in Bitcoin mining, potentially reducing profitability for miners.

According to data from BTC.com, the mining difficulty reading stood at 51.23 trillion at block height 792,288 during Thursday's adjustment. This follows a 3.22% rise in the previous adjustment on May 18.

The difficulty of mining Bitcoin tends to rise as more miners join the network, leading to heightened competition. Miners are rewarded with Bitcoin for validating transactions, and the difficulty level directly impacts a miner's chance of securing an entire block on the chain. Therefore, profitability for miners is closely tied to the difficulty level.

Mining difficulty adjustments are closely correlated with changes in hashrate, which represents the computing power utilized for mining. According to data from Blockchain.com, Bitcoin's hashrate reached around 375 exahashes per second on Wednesday, surpassing the 365.1 exahashes recorded during the previous adjustment on May 18.

At the time of writing, Bitcoin was trading at approximately US$27,068, reflecting a 3.6% increase over the past seven days, according to CoinMarketCap. This price surge accompanied the rising hashrate, indicating the continued interest and investment in Bitcoin mining despite the increasing difficulty level.

In related news, several Bitcoin mining-related stocks in the U.S. experienced gains this week. This positive market sentiment was fueled by Republican congressman Warren Davidson's announcement that the proposed tax on electricity use by cryptocurrency miners in the country had been scrapped. This decision emerged during ongoing debt ceiling negotiations between the White House and House Republicans.

Marathon Digital Holdings, a cryptocurrency mining company listed on Nasdaq, witnessed a 9.6% climb in its shares since Friday's closing, translating to a remarkable 187.9% rise for the year. Similarly, shares of Bitcoin miner Riot Platforms surged by 9.9% since Friday, representing an impressive 256% increase since the beginning of this year.

The surging mining difficulty, along with the growing hashrate and positive market response, underscores the resilience and evolving dynamics of the Bitcoin mining ecosystem. As the industry continues to adapt and face new challenges, the strong performance of mining-related stocks indicates investor confidence in the future prospects of the cryptocurrency mining sector.

In the past two days, the Multichain protocol has encountered unforeseen issues that have impacted its normal operations. Despite the team's best efforts, we are currently unable to contact CEO Zhaojun and gain access to the necessary servers for maintenance.

Earlier today, the scanning node network of Router5 experienced a significant issue, resulting in disruptions to the cross-chain services of certain chains. Unfortunately, this problem surpasses the team's current permissions and capabilities. To safeguard our users' interests, we have made the decision to temporarily suspend the corresponding cross-chain services for the affected chain on the user interface (UI). It is worth noting that a similar incident occurred with Router2 last week.

We sincerely appreciate the understanding and cooperation of our users during this time. Additionally, we kindly request that our partners refrain from directly calling the Multichain protocol smart contracts on or to the affected chain for any cross-chain operations.

The chains affected by this temporary suspension of cross-chain services are as follows: Kekchain, PublicMint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, and Planq.

At Binance, the security and reliability of our platform are of utmost importance to us. While we are actively working to resolve the issues with the Multichain protocol, we understand the inconvenience this may cause and assure our users that we are taking all necessary steps to address the situation promptly.

We will provide updates as soon as we have further information regarding the resolution of the issues and the restoration of normal cross-chain services on the affected chains. Thank you for your patience and continued support as we navigate through these challenges together.

#original

Lamar Olive Oil, a French company, has made history in the sustainable-agriculture industry by issuing an on-chain bond using Obligate, a decentralized finance (DeFi) platform based in Switzerland. This groundbreaking move marks the first issuance denominated in Membrane Finance's EUROe, which is touted as the only EU-regulated crypto stablecoin.

The underwriting and structuring process for Lamar Olive Oil's bond was meticulously executed, encompassing credit evaluation and ongoing risk monitoring, overseen by Obligate's credit rating partner, Credora.

Obligate, built on the Polygon blockchain, offers valuable support to small and medium-sized enterprises by providing a secure and transparent avenue for issuing, tracking, and settling debt. With lowered thresholds for bond issuance, companies in developing and emerging markets can now access increased funding opportunities.

The utilization of smart contracts in this process effectively replaces the roles of the traditional bond issuer and paying agent in the settlement layer. Smart contracts enhance efficiency, security, and transparency, streamlining the entire bond issuance procedure.

This landmark event not only highlights the progressive adoption of blockchain technology in the finance sector but also showcases the growing acceptance of cryptocurrency stablecoins as a viable financial instrument. Membrane Finance's EUROe, being EU-regulated, ensures compliance and regulatory oversight, instilling trust and confidence in investors.

By leveraging the advantages of blockchain and DeFi, Lamar Olive Oil and Obligate have successfully paved the way for other sustainable-agriculture companies to explore alternative funding options and embrace the benefits of decentralized finance. This achievement represents a significant step forward in bridging traditional finance with the exciting world of blockchain technology.

The Lamar Olive Oil on-chain bond issuance sets a compelling precedent for the industry, demonstrating the transformative potential of blockchain-powered solutions in revolutionizing the way financial instruments are issued, managed, and traded. As blockchain adoption continues to gain momentum, we can expect further innovation and the emergence of new opportunities within the financial landscape.

As an enthusiast of the crypto world, I always closely follow the most influential people on their social networks and who have a great influence on this disruptive technology.

The list of the 10 most influential people in the world of cryptocurrencies is based not only on their leadership abilities in the sector, but also on their ability to shape the future of cryptocurrency. Below are the 10 most influential people in the crypto world:

Satoshi Nakamoto: The mysterious creator of Bitcoin, whose identity remains unknown. His greatest achievement was developing and launching the first Bitcoin whitepaper in 2008, laying the foundation for the most recognized and valuable cryptocurrency to date.

Here I show you a comparative table of the main differences between the 5 cryptocurrencies with the highest market capitalization, as of April 8, 2023:



Ethereum is a blockchain platform that allows the creation of decentralized applications and smart contracts. It uses a hybrid proof-of-work and proof-of-stake consensus algorithm, and has no maximum issuance limit.

Binance Coin is a cryptocurrency issued by the Binance cryptocurrency exchange. It is based on the delegated proof-of-stake consensus algorithm and has a maximum issuance of 168 million units.

#original

If you are new to the world of cryptocurrencies and are interested in using Binance as your trading platform, here is a beginner's guide that can help you get started:

Create an account on Binance: To register on Binance, head to the official website and click “Sign Up”. Complete the registration form with your personal details and verify your account through the link sent to your email.

Add funds to your account: To start investing, you must add funds to your account. You can do this through the "Funding" section in your account and choose your preferred deposit method.

#original

As a cryptocurrency investor, it is essential to protect your assets to avoid possible losses and scams. In this article, I will present you five key tips to keep your cryptocurrencies safe and minimize risks.

Use secure wallets One of the most effective ways to protect your cryptocurrencies is by using secure wallets. A wallet is a type of software that allows you to store and manage your cryptocurrencies. Some examples of popular wallets are Ledger, Trezor and MetaMask. It is important to do your research and select a secure and reliable wallet that offers two-factor authentication options and other security measures.

#original

As a professional cryptocurrency analyst, it is important to understand the factors that influence the performance of cryptocurrencies. Below, I will present some cryptocurrencies that are expected to perform well in 2023, based on the analysis of market experts and factors such as market capitalization, technology and adoption.

Bitcoin (BTC): Bitcoin is the largest and most stable cryptocurrency on the market, with a market capitalization of over $1 trillion. Despite its volatility, Bitcoin has proven to be resilient and capable of staying in the market over the long term. Many experts expect Bitcoin's value to continue rising in 2023, due to growing adoption by businesses and the general public.

🍀The four-leaf clover is globally recognized as a symbol of luck thanks to St. Patrick's Day. We wish you luck for the rest of the month!

1- Price is the last thing you check before sleep

2-And the first thing you check when you wake up

3-You always have a tap open on crypto-related sites

4-Time files when you`re watching charts

5-You are exited everytime you hear the word "crypto"

✅Continued growth of stablecoins

✅DeFi adoption by TradFi institutions

✅Continued evolution of DEXs

✅Rise of DeFi lending and borrowing platforms

✅Increasing focus on security and compliance