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The Care Bears, Roger Ver, and Tesla shenanigans: Bad crypto news of the week

Check out this week’s Bad Crypto podcast.

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While Bitcoin stays under its $12,000 ceiling, you can take your pick of future price predictions. The Winklevoss Brothers say that the coin will reach $500,000 and maybe even $600,000 if governments start to include it in their currency reserves. The twins didn’t put a date on that prediction but Ecoinometrics, a data analysis firm, thinks that the post-halving pattern points to a $41,000 price before the end of the year. Bitcoin will then hit six figures in mid-April, they say. Or you can take the advice of Max Keiser. The RT host sees Warren Buffett’s recent investments in Japan as a sign that the Sage of Omaha is getting out of dollars. Bitcoin, he says, will soon see all-time highs

Buffett himself has called Bitcoin “rat poison squared” but he’s not the only person to be skeptical about digital currencies. Users on Reddit have uncovered a thread showing the response to Satoshi’s initial posts. It looks like no one liked it… except Hal Finney. 

Roger Ver feels the same way now about Bitcoin ABC. The new Bitcoin Cash fork wants to implement a “coinbase rule” that would move 8 percent of new Bitcoin Cash to a development fund. The question is who gets to keep the Bitcoin Cash name. Ver wants to be sure it’s not ABC.

In friendlier news, Indian exchange CoinDCX will hold an online training and blockchain certifications course. The company hopes to reach 50 million users in India. Portbase, a logistics solution provider, has completed the first phase of its integration with the blockchain platform Tradelens. The companies will manage operations and processes for ports in Amsterdam and Rotterdam. And Spartan Black, an Asian cryptocurrency fund, sees good things in store for Polkadot. The price of the new protocol’s DOT increased by 200 percent within eight days of launch, and analysts think it still has a way to go. The protocol scales fast, costs less than Ethereum, and is made by Gavin Wood who was responsible for much of Ethereum’s development. 

Polkadot isn’t the only blockchain protocol that might be useful in the future. FinID is a Brazilian project developed through CPqD, a telecommunications research and development center. The project aims to use the blockchain to create sovereign, decentralized digital IDs. 

Tommy Leas, also known as DJ PLS&TY, has used Foundation, the Ethereum-based art and culture platform, to launch his vinyl “Very Special” EP. The platform sells tokens that buyers can redeem for a physical good, raising the price in line with demand. Leas started his limited edition record at $50. Twelve sales later, it’s selling for $68.27.

If that price sounds like a steal, you’re hearing what one Tesla employee heard recently. The employee was approached by someone offering them $1 million worth of Bitcoin in return for placing malware on Tesla’s computers. The hacker planned to demand $4 million not to publish the company’s stolen data online. But the employee told the FBI and worked with law enforcement to trap the hacker. A Russian national, Egor Igorevich Kriuchkov, has been charged.

Despite having such honest workers though, Tesla’s stock price has been less than stellar. The share fell 4.7 percent in a day, following the company’s decision to sell stock to raise capital. Zoom, however, zoomed up 41 percent in a day. That makes for a rise of 571 percent this year.

And finally, the Care Bears will be joining Cryptokitties and Atari on blockchain-based gaming world The Sandbox. The eighties toys will be releasing NFTs that players can use in the Care-a-Lot environment. Who would have predicted that?

Check out the audio version here: 

Joel Comm is an internet pioneer, New York Times best-selling author, futurist speaker and co-host of The Bad Crypto Podcast. That’s a fancy way of saying he writes words, says things and loves to play with cryptos.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Source: https://cointelegraph.com/news/the-care-bears-roger-ver-and-tesla-shenanigans-bad-crypto-news-of-the-week

Blockchain

MicroStrategy Keeps Buying The Dip – Spends Another $10 Million On Bitcoin

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MicroStrategy continues relentless pursuit of Bitcoin with a new $10 million purchase

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Everyone is acquiring bitcoin. From everyday people buying fractions of a bitcoin in the hopes of making a value later on to companies like Tesla padding their wallets with billions worth of the famous asset, bitcoin is all the rage these days.

Given that bitcoin currently hovers around $45,000 after seeing a new all-time price high of over $65,000 a few weeks ago, for some, now may be a desirable time to jump on the train.

BTCUSD
BTCUSD Chart By TradingView

One company that definitely got the memo was MicroStrategy as it was confirmed on May 18, 2021, that the company has bought another $10 million worth of bitcoin.

Bitcoin Whale MicroStrategy Keeps Buying

This latest purchase was confirmed by Michael Saylor, the founder, and CEO of MicroStrategy on Twitter. According to his tweet, MicroStrategy purchased an additional 229 bitcoins with each costing an average of $43,663. With this acquisition, the firm’s total bitcoin stash now comes to about 92,079 with an acquisition value of $2.251 billion. Acquired at an average price of $24,450 per bitcoin, this represents one of the biggest caches of bitcoin held by a single entity.

From the language used in the tweets, it is implied that the company intends to HODL long-term as do many private crypto holders who believe that bitcoin will be worth hundreds of thousands at some point in time. Regardless, it is clear that the corporate world is getting its fill of bitcoin and investing a significant amount of money in it.

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It is safe to expect that other firms besides MicroStrategy will continue to pad their wallets with even more bitcoin and other cryptos, especially given that the market is not mooning at the moment.

At the same time, some analysts predict that the bitcoin price will reach $100,000 by the end of this year and some even predict $300,000 or 400,000 in a few years, and should this happen, it will be interesting to see at which price point firms like MicroStrategy will sell, if at all.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/microstrategy-keeps-buying-the-dip-spends-another-10-million-on-bitcoin/

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Marvel Icon Behind Batman, Green Lantern To Launch Exclusive Comic NFT Collection

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Marvel Icon Behind Batman, Green Lantern To Launch Exclusive Comic NFT Collection

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The art world and the world of blockchain are currently seeing a huge intersection thanks to the rise of non-fungible tokens or NFTs as they are commonly called. Top artists from around the world have been selling their work as NFTs with millions of dollars being raised and NFT platforms seeing more attention from the artist themselves.

One of the latest of these is from Neal Adams, a legendary comic book artist behind iconic characters like the modern Batman and the Green lantern. It was announced on May 18, 2021, that the comic book artist will be partnering with Vorto Gaming to release an exclusive comic book and NFT collection.  

Batman Immortalized as an NFT?

Some details about the new partnership have been announced such as Adams creating bespoke comic books around Hash Rush, which is the first title published by Vorto Gaming and will be released on its network. Part of this comic will involve new and existing Hash Rush characters and a new storyline from Adams.

Given that Adams has shaped storylines for a number of comics for DC Comics and Marvel, there is a lot of anticipation. He will receive help for this new project from Swedish-based ComicFirst Entertainment and their artist Mikael Bergkvist, who is also his mentee. 

Adams himself has touched on the importance of gaming and why he is excited about this upcoming project.

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“Gaming is without doubt the most innovative entertainment industry of the past decade and is shaping so many different aspects of our culture. We’re moving into a period in history where we are spending as much time exploring digital, imaginary worlds as we are living in this one. Comic books were always a transportation tool – taking us to another place, to experience another story, even just for a moment. Hash Rush is no different and I’m looking forward to sharing this story with the world.’ he said.

At this point, it seems that there is no limit to the type of content that can be created as an NFT. Artists from all sectors are beginning to explore their options with regards to both making money and providing valuable experiences for their fans. Hopefully, Adams’ participation in this project will lead to more prominent comic book artists embracing NFTs as well.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/marvel-icon-behind-batman-green-lantern-to-launch-exclusive-comic-nft-collection/

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Blockchain

PARSIQ And Autonio Partnership Brings Smart Triggers To NIOX Trading Suite

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PARSIQ And Autonio Partnership Brings Smart Triggers To NIOX Trading Suite

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PARSIQ has partnered with the Autonio Foundation to integrate its monitoring technology into Antonio’s NIOX trading suite.

As per the announcement, through this partnership, PARSIQ is planning to deploy its Smart Triggers technology into Autonio’s NIOX suites. The partnership will help Autonio monitor blockchain data for important events by integrating a few lines of code. Generally, this new integration will help save on the time and infrastructure required to create custom listeners. 

Ali Raheman, Autonio Foundation CEO and Founder.

“PARSIQ enables us to secure our governance and our DAO along with granting our users access to info about asset movements, which is a higher up priority for us, while we begin incorporating notifications and triggers into our trading solutions and tracking. Use for AI is longer term. PARSIQ has provided us with a toolset to make improvements in 3 major areas, trading, governance, and analytics data for AI.”

Tom Tirman, CEO of PARSIQ. 

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“Automated trading tools are a natural use case for PARSIQ’s Smart Triggers, and we are glad to be seeing teams like Autonio speed up their development efforts by choosing our solution. There is no reason why crypto app developers should constantly be reinventing the wheel. By letting us take care of the intricacies, they save on time, money, and headaches.”

Autonio Foundation is a decentralized autonomous organization built around developing accessible, easy-to-use training tools and services. By democratizing access to intelligent trading tools, the platform allows crypto traders to conduct deeper trading analysis, pool funds for their original strategy, and deploy complex algorithms.

Autonio’s trading suites are based on Artificial intelligence technology. The suites require a stream of reliable blockchain data, which can create trading alert systems or complex trading strategies 0based on specific triggers.

By integrating PARSIQ’s Smart Triggers, Autonio will easily monitor blockchain data for relevant events. The partnership will also allow Autonio to access the PARSIQ toolset. The toolset allows traders to conduct strategies based on on-chain triggers such as transactions coming to large wallets. Additionally, Autonio will also use PARSIQ monitoring technology to gauge NIOX AI-based effectiveness, strategies, and efficacy. 

Antonio will also be able to use PARSIQ tools for analytic purposes. The tool will allow the company to monitor withdraws and deposits transactions to the NIOX DAO, allowing them to understand their users. The analysis will be key in developing key metrics that will enable tracking growth.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/parsiq-and-autonio-partnership-brings-smart-triggers-to-niox-trading-suite/

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