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Edward Snowden talks about bitcoin once again, says $6 trillion stimulus good for the crypto

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Once again, privacy activist and infamous whistleblower Edward Snowden offered remarks related to the leading cryptocurrency, bitcoin.

The former computer intelligence consultant for the National Security Agency and contractor for the Central Intelligence Agency used his Twitter account to express his short sentiment about U.S. President Joe Biden’s bid for $6 trillion in stimulus proposals in an attempt to “bring back a better America.”

The celebrity figure said on his post, “Six trillion dollars? This is good for Bitcoin.” At the time of writing, the post has already 41,000 likes and was already shared more than 6,000 times.

Not the first time

This is not the first time Snowden has talked about the digital asset as he has done so in recent years.

For example, back on March 12, 2020, after the “Black Thursday” market crash, he said, “This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.”

Also, back when the U.S. Justice Department went after Snowden’s book sales following a lawsuit against him, he also tweeted, “In conclusion, this is excellent for bitcoin.”

Despite all of these, however, bitcoin maximalists are not too keen on showing kindness to the whistleblower as he has denounced the crypto asset on several occasions.

Contrasting actions towards bitcoin

As it appears, Snowden shows contrasting views toward the crypto alpha dog.

On some occasions, he criticizes the cryptocurrency but he has admitted using it on a regular basis, once referring to it as the first free money system while also talking about privacy currencies like monero and zcash.

What is clear is that Snowden is a believer in decentralized technologies and that on more than one occasion, he has referred to cryptocurrencies as a potential threat to the nation’s monopoly over money.

Image courtesy of Cointelegraph News/YouTube

Source: https://bitcoinerx.com/blockchain/edward-snowden-talks-about-bitcoin-once-again-says-6-trillion-stimulus-good-for-the-crypto/

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Kraken Daily Market Report for June 24 2021

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Overview


  • Total spot trading volume at $1.02 billion, the 30-day average is $1.49 billion.
  • Total futures notional at $332.0 million.
  • The top five traded coins were, respectively, Bitcoin (+2.9%), Tether (0%), Ethereum (+1.0%), Cardano (+8.7%), and Dogecoin (+12%).
  • Strong returns from Tron (+14%), Dogecoin (+12%), and Siacoin (+11%).

June 24, 2021 
 $1.02B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
BTC 
$34664. 
↑2.9% 
$344.5M
USDT 
$0.9999 
↓0.03% 
$275.9M
ETH 
$1988.1 
↑1.0% 
$165.3M
ADA 
$1.3586 
↑8.7% 
$63.5M
DOGE 
$0.2635 
↑12% 
$46.6M
USDC 
$1.0 
↑0.0% 
$37.4M
XRP 
$0.6701 
↑4.6% 
$31.6M
DOT 
$16.218 
↑2.6% 
$21.9M
LINK 
$19.029 
↑3.4% 
$13.1M
LTC 
$134.44 
↑4.2% 
$10.3M
SC 
$0.0115 
↑11% 
$7.74M
XMR 
$225.31 
↑3.1% 
$6.9M
KSM 
$205.14 
↓0.29% 
$6.88M
BCH 
$486.82 
↑2.9% 
$6.11M
TRX 
$0.0660 
↑14% 
$6.0M
EOS 
$3.9205 
↑6.8% 
$4.61M
AAVE 
$209.93 
↑0.8% 
$3.91M
FLOW 
$8.71 
↑1.7% 
$3.59M
XLM 
$0.2685 
↑5.0% 
$3.39M
DAI 
$1.0003 
↓0.0% 
$3.2M
FIL 
$57.137 
↓2.6% 
$2.87M
MINA 
$1.76 
↓2.8% 
$2.67M
MATIC 
$1.2027 
↑2.3% 
$2.57M
ATOM 
$10.358 
↑7.8% 
$2.16M
UNI 
$18.041 
↑1.4% 
$1.97M
OXT 
$0.2463 
↑3.2% 
$1.9M
NANO 
$5.0086 
↑7.7% 
$1.8M
ALGO 
$0.8725 
↑4.8% 
$1.75M
KAVA 
$3.5567 
↑5.0% 
$1.61M
KEEP 
$0.2697 
↓0.5% 
$1.55M
ANT 
$3.5411 
↓0.9% 
$1.5M
SOL 
$31.19 
↑3.1% 
$1.49M
XTZ 
$2.8275 
↑5.2% 
$1.34M
ETC 
$43.079 
↑5.2% 
$1.26M
OMG 
$3.8772 
↑3.4% 
$1.23M
DASH 
$131.23 
↑3.0% 
$1.22M
YFI 
$31305. 
↑1.0% 
$1.21M
MANA 
$0.5238 
↑4.8% 
$1.13M
ZEC 
$112.63 
↑0.8% 
$1.03M
COMP 
$256.34 
↑5.9% 
$942K
SNX 
$6.5814 
↓1.4% 
$772K
ICX 
$0.8113 
↑3.4% 
$724K
WAVES 
$13.517 
↑2.9% 
$678K
QTUM 
$6.1507 
↑4.7% 
$635K
BAT 
$0.5719 
↑3.9% 
$523K
GRT 
$0.6017 
↓0.23% 
$522K
MLN 
$66.198 
↓0.6% 
$514K
CRV 
$1.6669 
↑11% 
$504K
PAXG 
$1779.5 
↓0.14% 
$427K
OCEAN 
$0.4304 
↑4.7% 
$409K
BAL 
$17.98 
↑6.2% 
$400K
REPV2 
$12.863 
↑8.7% 
$353K
STORJ 
$0.6808 
↑2.7% 
$349K
KNC 
$1.4049 
↑4.0% 
$341K
RARI 
$8.02 
↓11% 
$338K
MKR 
$2235.8 
↑3.2% 
$265K
LPT 
$23.16 
↓4.9% 
$231K
SRM 
$2.9789 
↑2.4% 
$226K
EWT 
$6.2520 
↑5.6% 
$184K
LSK 
$2.0937 
↑5.3% 
$166K
GNO 
$148.32 
↑0.4% 
$150K
ANKR 
$0.0783 
↑1.8% 
$146K
REP 
$18.633 
↑3.1% 
$131K
SUSHI 
$6.99 
↑0.9% 
$96.2K
REN 
$0.3520 
↑1.4% 
$82.5K
SAND 
$0.2019 
↑4.2% 
$37.2K
ENJ 
$1.07 
↑2.0% 
$36.6K
GHST 
$0.9626 
↓1.8% 
$21.9K
ZRX 
$0.66 
↑3.3% 
$18.6K
TBTC 
$35310. 
↑10% 
$4.22K
BNT 
$3.1430 
↑4.0% 
$1.99K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (June 24 2021)



Figure 2: Mid-size trading assets: (measured in USD) (June 24 2021)


###########. Daily Returns. #################################################

Daily Returns %


Figure 3: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (June 24 2021)


###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
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Source: https://blog.kraken.com/post/9743/kraken-daily-market-report-for-june-24-2021/

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Dogecoin: Investing ‘in currency with dog’ makes sense to this section?

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The adage, “You work hard for your money and your money should work hard for you,” will, perhaps, never age with time. Investing is important, if not critical, to make your money work for you. Until a few years back, the masses mostly relied only on stocks and physical assets like gold and property as investments. In fact, for the older generations, the traditional array of assets is a go-to option on any given day. 

Nevertheless, with the emergence of digital assets like cryptocurrencies, market participants now have a wide range of assets to choose from. As a matter of fact, the newer assets resonate well with the newer generations. Even during market adversities, the younger generations express their enthusiasm and keep claiming that they’re “in for the tech.”

A meme that pointed out the different assets chosen by people from different generations was doing the rounds on social media lately. It, however, managed to garner traction majorly because the self-proclaimed ‘DogeFather’ reacted to its irony, thus instilling the Dogecoin v. Real estate debate.

Interestingly, in May 2020, Elon Musk took social media to announce that he was giving up most of his possessions. What’s more, he explicitly stated that he would not own any house henceforth.

Reportedly, before the aforementioned Twitter announcement, Musk owned several luxury mansions in California that had a cumulative valuation of over $100 million. Musk’s reaction to the meme makes even more sense when the above dots are connected. Well, apart from traditional asset proponents, even people close to Musk were apparently “mad” at him for taking such a call. 

Source: Motely Fool

A recent study highlighted that Gen Z and millennial investors prefer using an amalgamation of both new and old investment strategies. Cryptocurrency, however, remained the second most likely asset to be held by Gen Z investors. Well, according to the age-wise stratification, Musk falls into the Gen X category, which is typically characterized to be “conservative” with their investment choices. 

Now even though Tesla’s ‘Techno-King’ doesn’t belong to the Gen-Z or millennial category, he has evidently been fond of cryptos, especially Dogecoin over the past few months. However, the meme-coin’s value recently plunged and the community opined that even Elon would not be able to save it.

Now, since real-estate is most likely out of Musk’s equation, the odds of Musk resurrecting the meme coin and taking it on ‘moon ride’ has increased. Riding on the back of Elon’s tweets, Dogecoin has managed to record a YTD return of +4112.69%.


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Source: https://ambcrypto.com/dogecoin-investing-in-currency-with-dog-makes-sense-to-this-section

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Recap – 73% Axie Infinity Livestream Viewers are from the Philippines

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“Play-to-earn” game Axie Infinity held a livestream this week, hosted by Andrew Campbell, the new program lead at Sky Mavis, the game’s development company. The Axie Infinity team answered questions fielded by the community. From server issues to V2, check out the stream below.

This writer live tweeted during the livestream and it’s worth detailing here what are the information shared during the event. But first, let’s check the metrics of the stream as shared by Andrew:

The result solidifies the Philippines as a key market for Axie Infinity. Though it should be noted that the most popular streaming channel in the country is Facebook Live and YouTube.

On Axie Infinity V2

Table of Contents.

Aleksander Larsen, COO of Sky Mavis and Jeff Zirlin, co-founder, shared a new image of Axies with upgraded body shapes:

Days ago, the Axie Infinity community celebrated the birth of Axie no. 1 million, but it was not without controversy because it was created using what some members of the community feels is a violation of the Terms of Service. Jeff said they will look more closely into the situation.

As for staking, Aleksander said it could be by Q3 2021.

On the Server Issues

The game was recently plugged with issues, Andrew asked a question submitted by a community member: “Why don’t you just plug in more servers since you have money?” Aleksander says the game grew from 38k to 200k users in no time. “Our engineers are working overnight to keep the lights running. Things are to get better.” Andrew added the fact that while there are a lot of developers, the talent pool for those who knows blockchain (specifically, solidity) is actually smaller, while Jeff said the server issue is their no. 1 priority right now.

Sky Mavis tweeted the day after the stream:

On Free-to-play

“What to do with useless Axies?” a community member asked. 

“No Axies are useless,” Aleksander immediately answered.

Jeff hinted of “crafting” as a new addition that can be done on the upcoming Land gameplay. “I think it’s going to be a huge catalyst for us,” he said, though he reconfirms that Battle V2 and Land gameplay being “fun” are the first things they would focus on. 

Speaking of V2, the topic “free-to-play” was touched upon. In the next version of Axie Infinity, there will be starter Axies that are “free-to-play,” so new players can start without purchasing Axies. The community therefore asked “Will free-to-play hurt SLP earnings right now?” Here’s Jeff’s response:

“Free-to-play allows you to get immersed and be in love with the Axie universe before you make economic decisions. I think demand for real Axies will increase when more people are in love with Axies.”

Jeff Zirlin, Sky Mavis

Putting Axie to Every Person in the World

The above was Aleksander’s quote. One of Sky Mavis’ goals is to put the game in the App Store and the PlayStore.

Guild and Scholarships

Aleksander said they are working on Guild Features in-game itself. This would mean eventually doing what is being done in scholarships could be done on the game itself. (He did say this is very far from the pipeline.)

Which led Andrew to ask, “What do you personally feel about Axie scholarships?” Jeff talked about early 2020 and the people who first tried it out. “It was when SLP hit 2 cents when people see the scholarship thing as legitimate. It has definitely helped in our growth.”

Aleksander admitted they don’t have any direct say in scholarships, and they don’t endorse them. “But we have common sense things. For example, managers should not abuse their players. If you do, then that’s our concern.” He did say the scholarships are a testament to what’s possible in the metaverse and what you can do inside. He cited Yield Guild Games as one of the largest, if not the biggest one who do scholarships at scale.

On Axie Lore

Jeff talked about ideas re: Axie Lore, Axie Movie, Manga, but ultimately their focus right now is to make Axie as fun as possible. Aleksander said they can think about it next year.

On Multi Accounting

“We will find you.” 

Jeff Zirlin, Sky Mavis

Andrew said as Axie scales, this will be a problem. Aleksander said they are looking into the data to ensure no real people who are not multi-accounting get affected. 

“One human being can only extract so much resources per day. You have to tell your friends to play.”

Aleksander also said players don’t get banned when they are in-game and suddenly maintenance kicked in. 

On Land Gameplay, SDK and API

Jeff said they want to make Land gameplay as fun as possible, such as farming or fighting for resources. “We want to provide utility and fun things to do rather than a blank slate where people will just walk around,” said. 

On SDK, they said they are excited about using Axie assets where people can do an Axie tower defense and other games. 

There’s clamor to make the Axie API more open. “As we move towards a more stable space, we can enable the API a little bit more, a WIP,” Aleksander said Seuchenhun of Axie Zone (also a recent Sky Mavis hire) will own this product.

Pains as Axie Grows

Lately, there were reports of stuck Axies and other bugs. Aleksander said because the game is still in alpha, everything being experienced are the pains of growing. “As we grow more, there might be more bugs.”

At the end of the stream, Aleksander encouraged players to give feedback and constructive criticism, what they can do to improve.

This article is published on BitPinas: Recap – 73% Axie Infinity Livestream Viewers are from the Philippines

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Source: https://bitpinas.com/videos/axie-infinity-livestream-jun-23-2021/

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