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Cloud9 K1ng Promoted to LCS, Zven to Compete in Academy, Reignover and Mithy to Switch Roles

Leave it to Cloud9 to surprise us all with a seemingly illogical roster change in […]

The post Cloud9 K1ng Promoted to LCS, Zven to Compete in Academy, Reignover and Mithy to Switch Roles appeared first on Esports Talk.

Republished by Plato



Petar Vukobrat
in League of Legends | Jun, 1st 2021

Leave it to Cloud9 to surprise us all with a seemingly illogical roster change in the very midst of the competitive season. Calvin “K1ng” Truong has been promoted to the starting line-up, which means that Jesper “Zven” Svenningsen will be competing on Cloud9 Academy going forward. We’re talking about an LCS and LEC champion and Worlds semifinalist being demoted to the “little leagues.” If you’re perplexed and baffled beyond reason, know that you’re not the only one.

But, assuming that’s what’s happening here, one simply has to wonder: why would Cloud9 sell Zven, one of the best AD carries in the LCS?

Trouble in Paradise

It’s no secret that Cloud9 failed to meet expectations at the most recent 2021 Mid-Season Invitational. They did have flashes of brilliance, but not getting out of groups — despite having one of the most expensive rosters in the West if not the world — is definitely inexcusable. Robert “Blaber” Huang was, perhaps, the biggest offender. Heck, we’re putting it mildly here. And, naturally, whenever Zven had the opportunity to air his frustration, he didn’t exactly hold back. Things never got out of hand, but he always had a wholly exasperated expression on his face and, in all fairness, it was easy to understand why.

The mistakes Cloud9 made were often indefensible. Most folks believed they had all the right tools to go deep and eventually leave a mark, but in the end, none of it transpired.

We don’t know what happened behind closed doors, but it’s fair to assume that it didn’t lack in tension.

So who knows? Maybe Zven took their losses the “wrong way.” One could construct any number of theories — some good, some less so. Either way, there’s a whole lot that we don’t know, so it’s best to just reserve judgement for the time being.

A Role Swap That Makes Sense

Additionally, Kim “Reignover” Yeu-jin (of Fnatic and Immortals fame) will be relinquishing head coaching duties and will instead operate as an assistant coach going forward; Alfonso “Mithy” Aguirre Rodríguez will therefore be getting promoted.

This exchange in obligations and responsibilities is definitely in everyone’s best interest. The position of head coach was taking too big of a toll on Reignover’s mental health, so he and Mithy will switch roles for the upcoming split. The fact that both individuals will remain with Cloud9 means that the team itself shouldn’t regress or deteriorate in performance. Moreover, Mithy already had a fairly successful coaching stint with Fnatic prior to signing with Cloud9, so he’s definitely up to the task.

All in all, it’ll be interesting to see how well Cloud9 will perform with a less experienced marksman like K1ng. We can’t help but wonder whether they’ve made the correct call on this one, but they’re the Spring Split champions for a reason, so they must be doing something right.



What these Ethereum, Chainlink, Binance Coin market players are up to

Republished by Plato



The cryptocurrency market is evidently going through yet another free-fall period. In fact, the price of a major asset like Bitcoin has dropped below $35,000. With Ethereum, the situation was a little worse as its valuation dropped below $2,150 for the 1st time since 24 May.

However, while price action screamed bearish on the charts, whales have been pretty active over this volatile period. Here, it is also important to note that we are still amidst strong uncertainty, meaning bulls have a chance to recover in strength.

Keeping tabs on whale activity might allow us to approach particular altcoins with more confidence, or keep away from the ones with possible red flags.

Ethereum Whales are on fire!

Source: Santiment

Ethereum’s value may have collapsed quickly from its ATH levels but since the aforementioned correction, the supply held by top addresses has steadily gone up. The percentage of the total circulating supply held by top ETH addresses had dropped down to 18.4% too, but it was 19.8% at press time. In quantifiable numbers, more than 1.3 million ETH has been accumulated by these whale addresses post the May 19th crash.

It is quite a contrary sight considering ETH’s price has been deflating, failing to break above $3,000. But, it can also be inferred that Ethereum’s future is what investors are concerned with. Ethereum is heading towards its largest Options Expiry on June 25th and it may have a strong impact on its price.

Additionally, it is largely anticipated that the London Hard fork is also going down in July, which will be introducing the EIP-1559 protocol. Ethereum also announced that on 24th June, the testnet for the hard fork will be going live.

Source: Santiment

For Binance Coin, the number of whale addresses increased as well and from a fundamental point of view, it made clear sense too. BNB runs everything related to Binance and the exchange’s position in the market is fairly strong, regardless of bullish/bearish conditions.

On a long-term basis, market recovery would always fall in line with a bullish recovery for BNB. The asset being 50% under its ATH levels can therefore be considered to be an ideal accumulation range.

Chainlink – No more strength in Hodlers?

Source: Santiment

Surprisingly, Chainlink is one of the assets that has seen a consistent decline in supply held by top addresses. Here, it is also important to note that the decreasing whale activity has been ongoing since the beginning of 2021. Curiously, earlier last year, whale activity had dominated LINK’s network, so it is a complete change from its previous level of engagement.

From a development point of view, Chainlink continues to develop partnerships and collaborate with multiple organizations for DeFi improvements, so a decrease in whale addresses may also mean higher distribution. And yet, a lack of higher hodling addresses might be indicative of falling trust in its long-term valuation.

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How Many Bitcoin U-Turns? Goldman Sachs Now Says Bitcoin Is Not a Viable Investment

Republished by Plato



The US multinational investment bank Goldman Sachs continues with its 180-turns on the cryptocurrency industry. After its recent interest that included filing for a Bitcoin ETF and exploring crypto as an asset class, the institutions’ latest report said virtual currencies are not a “viable investment.”

Crypto Is Not a Viable Investment: Goldman

It’s safe to say that Goldman Sachs has displayed a controversial approach to the cryptocurrency space. The latest report coming from the Wall Street giant takes it back a notch by going to its hostile policy from previous years.

Titled “Digital Assets: Beauty Is Not in the Eye of the Beholder,” it touched upon some of the most recent concerns, including high energy consumption required in the process of mining. This topic was raised in May by Tesla’s Elon Musk, who criticized BTC for using too much coal fuel.

Despite numerous reports claiming otherwise, Tesla disabled bitcoin payments citing environmental issues.

The paper also touched upon cryptocurrencies’ usage in ransomware attacks after numerous hacks transpired on US soil in recent months. After each, the perpetrators indeed requested the payments to be sent in bitcoin.


Furthermore, the document named impending regulations as the “biggest risk to the speculative aspects of this ecosystem.” Keeping in mind all of these concerns, the bank concluded:

“After analyzing various valuation methodologies and applying our multi-factor strategic asset allocation model, we have concluded that cryptocurrencies are no a viable investment for our clients’ diversified portfolios.”

How Many U-Turns?

The mentioned-above word ‘controversial’ might not be strong enough to describe Goldman’s ever-changing views on the industry.

The institution was among the first regulated entity to launch a crypto trading desk all the way back in 2017. Yet, that came amid the parabolic price increases, and when the year-long bear market followed, Goldman halted the initiative.

In the meantime, Goldman held a conference call in which it said bitcoin is not an asset class. Bank executives repeatedly questioned BTC’s ability to serve as a reliable store of value and blasted its volatility.

Yet again, Goldman restarted the trading desk this year when, once again, prices were skyrocketing to new highs. It also filed for a Bitcoin ETF with the SEC, explored launching custody services, added BTC to its year-to-date returns report, participated in investment rounds in crypto projects, and enabled clients to trade bitcoin derivatives.

With all of that in mind, it’s not such a surprise that Alex Kruger and other crypto community members viewed Goldman’s latest U-turn as nothing out of the ordinary.


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The Difference Between a Cryptocurrency Broker and an Exchange

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The post The Difference Between a Cryptocurrency Broker and an Exchange appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

There are two main ways of cryptocurrency trading: the use of a crypto exchange or the service of a cryptocurrency broker. Both methods have advantages and disadvantages. To make the right choice, it is necessary to explore the peculiarities of each of them and determine your own requirements and expectations from trading.   Although the cryptocurrency …

Republished by Plato



There are two main ways of cryptocurrency trading: the use of a crypto exchange or the service of a cryptocurrency broker. Both methods have advantages and disadvantages. To make the right choice, it is necessary to explore the peculiarities of each of them and determine your own requirements and expectations from trading.  

Although the cryptocurrency market is not a novelty for the world, there are still a lot of traders, including both newbies and experienced ones, who do not understand the difference between a cryptocurrency broker and an exchange. 

First, it is necessary to determine a significant difference in the very essence and purposes of both methods. 

Thus, it should be mentioned that cryptocurrency exchanges are very similar to regular exchange platforms. So, this way of cryptocurrency trading would be simple for those traders who have already worked with the exchange market. All quality cryptocurrency exchanges, such as Emirex, offer users two methods of purchasing the digital currency: to buy  a cryptocurrency for fiat and to exchange one currency for another (for example, BTC for ETH). 

So, cryptocurrency exchanges function as intermediaries. They arrange the deal and charge a fee for the service.

Meanwhile, a cryptocurrency broker is an intermediary between investors and the market. When you cooperate with a broker, you deposit funds in an intermediary’s account, and then, he/she decides what to do with your finances to bring you profits. 

Therefore, if you choose the service of a broker, you do not need to study the cryptocurrency market on your own and follow all changes. Your cryptocurrency broker will propose the best deals for you.

There are several main characteristics that differentiate the service of a cryptocurrency exchange from the support of a broker:

  • Registration and identification system
  • Account replenishment and withdrawal
  • Trading procedure
  • Security system 
  • Earnings 

Registration and Identification System 

The majority of exchanges provide quite a simple registration procedure. Traders just need to put in their email and create a password. Those platforms that work with fiat require a verification process as well. Exchanges ask for your picture with your ID, video call, pass KYC, etc. 

Brokers offer easy registration as well, but almost all of them need you to pass an identification procedure. It is important for them because their activity is regulated by authorized bodies.  

Account Replenishment and Withdrawal 

A lot of exchanges do not accept fiat for cryptocurrency trading, and those that use it, usually, charge a large commission. The commission is necessary regardless of the payment method.

Meanwhile, brokers offer you more options for replenishment and withdrawal (credit and debit cards, bank account, payment systems, etc.), and, generally, commissions are not charged at all.   

Trading Procedure 

Exchanges are great platforms for small volume trading. Moreover, exchanges are often used by holders who are interested in long-term and medium-term deals.

Broker maintenance is appropriate for large volume trading. It is quite popular among speculative traders who prefer to get profits in a short time. 

Security System 

Of course, the risk of a hacker attack is present in both trading methods. However, a broker activity is more reliable today than an exchange service because brokers are regulated by authorities.

In case of hacking and theft of funds, traders who work with brokers can expect to be compensated.


Exchanges engage traders with the diversity of digital currency pairs. However, such access to every proposition on the market requires traders to pay large commissions. 

From their side, brokers provide lower commissions, but they trade large sums; so, in case of an unsuccessful deal, there is a risk of losing too much. 

All in all, both methods are beneficial. It is just necessary to determine your individual interests on the cryptocurrency market. 

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