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People of Crypto in 2022

People of Crypto in 2022

Ruth Kise 11 min read
Blockchain's innovative ideas, ever-changing rules, extremely risky market movements, and crypto-sphere fraud make understanding cryptocurrencies really challenging. No matter what level you are in, you can and should learn more and draw valuable insights from the most influential people called crypto influencers. Influencers are network personalities who have gained prominence in certain areas and a huge amount of followers, effectively influencing their communities as part of their area. Some of these people have extensive experience and a public image in the industry, and their actions can cause fluctuations in the value of digital currencies . At the same time, they add human contact to the blockchain theme, making cryptocurrency more understandable. The Most Famous Crypto Influencers on Twitter Here's a list of the ten major cryptocurrency influencers having Twitter accounts that traders need to keep an eye on to stay up to date in this very dynamic market. Anthony Pompliano Anthony Pompliano, commonly known as "Pomp," is one of the most active influencers on many platforms. He is well versed in finance and technology and is one of the first investors in Bitcoin. In addition to Twitter, he runs a YouTube channel where he posts discussions about cryptocurrencies with different personalities from the industry. In addition, Pompliano sends daily newsletters known as "The Pomp Letter" to more than 210,000 subscribers to share his analysis of businesses, foundations, and industries. Roger Ver One of the first preachers of blockchain, Roger intended to widely spread the word "bitcoin". He was far from being just an ideologist: his desire to achieve universal recognition led him to invest in several bitcoin companies and travel the world to convert people. Since losing patience with Bitcoin's leadership in 2017, he has become a firm supporter of the Bitcoin Cash hardfork . Alex Gladstein Despite his audience of fewer than 200,000 followers, Alex Gladstein has a fairly diverse following: Anthony Pompliano, Michael Saylor, Dogecoin creator Billy Marcus, and Ethereum co-founder Joseph Lubin are all subscribed to him. As an ardent proponent of human rights, Gladstein offers substantive material on why Bitcoin is an innovation for monetary equality and an alternative to the current financial system. Brad Garlinghouse With more than half a million subscribers, Brad Garlinghouse shares information about every little detail of the cryptocurrency sphere — from policies and rules to updates inside Ripple. It's important for many to keep abreast of the SEC's case against Ripple as it will set an authorized precedent across the cryptocurrency, especially if the SEC wins. And Brad Garlinghouse is the primary source of information on this topic. Brian Armstrong Those looking to learn more about crypto policy and regulation should sign up for Brian Armstrong. Armstrong's work as CEO of the Coinbase cryptocurrency exchange did not prevent him from taking a radical position on issues related to cryptocurrencies, which brought him admiration not only from Coinbase customers but also from many community representatives. Changpeng Zhao Changpeng Zhao, also known as CZ, is the co-founder and CEO of the world's largest cryptocurrency exchange, Binance. CZ was a software developer to buy and sell futures for Bloomberg Tradebook. He also pursued numerous cryptocurrency projects and startups until Binance was founded in 2017. In addition to publishing a series of FAQs on Binance blogs, he publishes other industry information and market offerings (usually life offerings). CZ has actually come a long way since making burgers at a fast food restaurant as a teenager/ Elon Musk Elon Musk, the CEO of Tesla and SpaceX and the richest man on the planet , is responsible for numerous fluctuations in value in the cryptocurrency market. His tweets had such an impact on assets that the term "Musk Influence" was coined. After Musk's statement that he supports Bitcoin, its value grew to $32,000. As a staunch supporter of Dogecoin, the CEO has also raised the value of the token several times. One tweet from Musk could lead to the growth or collapse of the investor's favorite cryptocurrency, depending on his temperament. Michael Saylor Michael Saylor, CEO of Microstrategy, is considered one of the most important Bitcoin whales in the cryptocurrency world. While most of his tweets relate exclusively to Bitcoin, Saylor's optimistic sentiments, combined with his scientific forecast and scientific view of Bitcoin, earned him the respect of others. Plan B Unlike others on this list, PlanB is an anonymous account. Nevertheless, PlanB definitely allows his 25 years of experience in institutional investment to come to the top. Since it entered the cryptocurrency world, PlanB’s Twitter has become popular because of its outlook that Bitcoin ( BTC ) will reach $250,000 sooner or later. Its bold market forecasts are sometimes based mainly on the Bitcoin Stock-to-Flow (S2F) model — software that, as mentioned, was created by PlanB and is one of the right tools for traders and sellers. The influencer is a supporter of using Bitcoin's supply and demand elasticity to ensure future market value. Vitalik Buterin The Canadian-Russian founder of Ethereum has been involved in blockchain and cryptocurrency since its inception. As Ethereum's most famous founder, he is passionate about the community and any blockchain-related tasks. The Most Popular Crypto Influencers on YouTube YouTube's cryptocurrency channels are another way to learn about the venture and keep abreast of blockchain trends. A variety of content can be found here, from trading strategies to interviews with blockchain industry leaders. Next, we selected the top 10 crypto YouTubers by subscribers worldwide. Coin Bureau Subscribers: 2,060,000 Mike Jenkins is the man behind the channel. Here, he provides his audience with educational and informational videos about blockchain. Its detailed explanation and comprehensive list of selected cryptocurrencies made the channel YouTube's most popular cryptocurrency channel in 2022. Coin Bureau provides information on many types of cryptocurrencies, such as Cardano , Polkadot , Solana , Ethereum, and many others. BitBoy Crypto Subscribers: 1,450,000 BitBoy Crypto AKA Ben Armstrong, whom we mentioned above, publishes the latest news and opinions on the cryptocurrency market, project reviews, and trading tricks you can use to make high profits and significantly limit losses. People can also learn about various altcoins , historic bitcoin cycles, and get the latest on Ethereum on its channel. Altcoin Daily Subscribers: 1,230,000 Altcoin Daily is run by brothers Aaron and Austin Arnolds. The Altcoin Daily channel is established as a source of news, market analysis, education, viewpoints and opinions. Aaron and Austin Arnold are clear bitcoin fundamentalists, and they use the altcoins trade as a way to build their bitcoin stack. On their YouTube channel, they publish the latest crypto universe news daily and interviews with prominent members of the crypto community from time to time. Brian Jung Subscribers: 1.171.000 In 2015, Brian Jung made significant progress in financial influence, training young investors in business, lending and personal wealth management. He is an experienced entrepreneur who has successfully started companies such as The Credit Society. JRNY Crypto Subscribers: 661,000 JRNY Crypto launched its channel in 2017 and quickly gained prominence as a reliable source of investment in new altcoins. It brought popularity to coins such as Sparkpoint and Uniswap . CruptosRUs Subscribers: 641,000 CryptosRUs, also known as George, has been operating in crypto space since 2013. He first began sharing his knowledge by answering questions at Quora, but later decided to create his own YouTube videos explaining the know-how in the crypto universe in 2017. On his account, he often discusses the latest news related to cryptocurrency and analyzes graphs. He recently released its own NFT called I am George, releasing 1,000 unique items that are now available. Ellio trades in cryptocurrency Subscribers: 587,000 The well-presented Ellio Trades Crypto videos and detailed analysis of altcoins were key factors in the rapid growth of his channel. Ellio tends to focus on small-cap cryptocurrencies with a higher risk-reward profile. On his channel, Ellio presents his well-worked videos, which bring solid profits to the market. Crypto Banter Subscribers: 572,000 Crypto Banter is a YouTube channel that often provides its audience with live streams, news, educational content about bitcoin, Defi , NFT, blockchain, and other cryptocurrency-related content. The Crypto Banter team interviewed the industry's biggest guests, billionaires, thought leaders and professional traders. The channel’s purpose is for its audience to keep their finger on the pulse to learn. The channel’s owners want their viewers to make better trade and investment decisions and become part of this rapidly growing community. Lark Davis Subscribers: 488,000 Lark Davis, host and founder of one of these acclaimed crypto channels on YouTube, successfully presents his videos in a light-hearted manner. Lark's funny style uses humor to breathe life into his articulated analysis of technological upheaval and blockchain solutions. Lark Davis is a crypto sensation from New Zealand and his YouTube channel offers a good mix of skills and guidance. He helps his audience learn how to trade, make passive income and make money in bitcoin. Lark also offers in-depth Q&A with leading cryptocurrency figures, political posts on market trends, and cryptocurrency news. Ivan on Tech Subscribers: 494,000 Ivan on Tech is another crypto YouTuber widely known for his videos. He serves as a blockchain lecturer, data scientist, and international speaker. In fact, his channel has an entire academy dedicated to educating people about blockchain trading and how to make a career out of it. He has also addressed countless workshops on tech stocks and similar topics. Ivan is a popular crypto YouTuber because he does not complicate the situation. In fact, just the opposite — he is doing everything possible to easily disseminate information about cryptography, blockchain, and the events that affect them. Don’t Trust Bloggers Unfortunately, not all media influencers should be trusted, because many of them do not understand the topic or simply want money. Yes, most of them are paid to advertise and mention products on their accounts, this is a well-known marketing scheme. Scammers use it and pay for the promotion of unstable coins. Often bloggers are not embarrassed by this. They use parasocial relationships to benefit themselves in the first place. Nothing personal. Ice Poseidon (Paul Denino) The big YouTuber was once a Twitch star, but in 2017 he received a ban on the platform, after which he switched to YouTube. And recently, he turned on a fraudulent scheme with cryptocurrency, as a result of which he stole about 500 thousand dollars from fans, leaving himself most of the funds in cryptocurrency. Ice Poseidon has tricked its fans into investing in CxCoin, a platform created by a streamer for content creators to get donations in cryptocurrency. As a result, he simply collected the invested funds, out of 500 thousand dollars he appropriated 300 thousand dollars. FaZe In June 2021, gamers from the FaZe association became the first esports players to be printed on the cover of Sports Illustrated. The team has so many fans that in 2020 it received more than $40 million in donations. At the same time, they promote altcoins — for example, one of the founders of FaZe posted a tweet with a draw of $10 thousand for subscribing to a cryptocurrency Twitter account BankSocial .io. By the end of June 2021, the cost of BankSocial.io fell by 90%. The peak came into the FaZe advertising campaign, and now the currency costs $0.0000015. Soon FaZe deleted all tweets about this altcoin and stopped answering questions from fans about the draw. Adin Ross Twitch streamer with 4 million subscribers, Adin Ross advertised the MILF Token altcoin in one of his broadcasts — the advertising block lasted about 20 minutes, and the cryptocurrency developers promoted the broadcast. "Damn it, I'm sponsored by cryptocurrency today! They need three mentions an hour and I did. And I'll also play $20 thousand in this currency among you guys”, Ross said on the air. As with BankSocial.io, the value of the MILF Token fell by 90%. And three weeks after the broadcast, Ross first commented on his ad: "I told you I was paid. Yes, I don't care. I hope none of you bought this crap". To Sum Up Anyone can make predictions and share their opinions about every little thing about crypto coins. However, no one can become an influencer unless they have a large following and a large historical past in the industry. Only some of the many interesting personalities of the crypto world are mentioned in our list. As a rule, influencers pay attention to a certain direction — from market features to specific tokens and tasks. Crypto influencers have also been excellent partners for marketers in promoting their currencies, NFTs, apps, and other cryptocurrency-related businesses. Information from bloggers makes the situation in the cryptocurrency market clearer and inspires confidence in actions, but always check the information and do not suck in easy money just because your favorite YouTuber told you about it. Always do your own research.
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6 Crypto Trends of 2022 (And What's the Next Big Thing in Crypto)

6 Crypto Trends of 2022 (And What's the Next Big Thing in Crypto)

John Martin 9 min read
After a long lull in the cryptocurrency market, there is a revival. The era of Web 2 is gradually coming to an end, and it is being replaced by the era of Web 3. NFT , DeFi applications, GameFi , new crypto coins, and DAO are all harbingers of the beginning of this irreversible process. Thanks to the arrival of new players — from global corporations to ordinary gamers — big changes are expected in the cryptocurrency market in the coming months. They will also affect new developments. Let's look at 6 trends that experts today call the future of cryptocurrency. 1. Metaverse The metaverse is a hypothetical network of three-dimensional virtual worlds, where you can immerse yourself with the help of AR and VR technologies. Many companies consider it the next stage in the development of the Internet and the mobile ecosystem and offer exciting projects of virtual universes. It's no secret that at the end of 2021, against the background of Zuckerberg's statements and the renaming of Facebook to META , interest in the metaverse has grown noticeably. Human interaction is reaching a new level as social networks, payment systems, and augmented reality applications become part of the same ecosystem. Read more about META in our article. Experts are confident that buying digital real estate in virtual worlds will no longer be confusing. New crypto projects in the field of metaverse include De central, Sandbox, and Axis Infinity. Another striking example is the Cosmos project. New blockchains in the metaverse can become part of a separate infrastructure. Decentralized exchanges , stablecoins , and DeFi are already connected to the Cosmos ecosystem. Large companies, such as Google, may announce the creation of their virtual worlds after Facebook. 2. NFT and DeFi Many experts are confident that NFTs, which experienced a big boom in popularity in 2021, will remain more than in demand due to the development of metaverses. Non-interchangeable tokens will provide proof of ownership when purchasing virtual objects. Tokenization will continue to increase in volume — not only individual users but also entire companies are already resorting to it. A new industry for business relations was born out of a fleeting hobby. DeFi will be responsible for the convenience of economic relations in the metaverse. There is a "competition" going on in the wallet market right now: who will be the first to create a multi-chain wallet that will allow for cheap transactions between blockchains without using bridges and without overloading funds through additional layers of the network The market of NFT and decentralized finance will develop, as it has not reached its peak indicators, but a large percentage of the NFT segment will not be of particular value, the founder of Amir Capital Group Marat Mynbayev is sure. Nevertheless, developments in these areas allow the market to develop. 3. Legal Regulation In 2022, members of the crypto community may face increased activity related to the regulation of the digital asset market. The authorities can no longer ignore the growing interest of market participants in cryptocurrencies. The legal status of cryptocurrencies varies significantly in different countries. In some countries, transactions with cryptocurrencies are officially allowed: in Germany, bitcoin is recognized as a settlement currency, in Japan, Bitcoin is a legal property with a purchase tax. Currently, almost nowhere in the world is there a regulatory framework that establishes reference rules for conducting cryptocurrency ICOs. It follows from this that there are no legal protection mechanisms for both investors and persons issuing cryptocurrency tokens. Now in some countries, there are attempts to include crypto investment in the legal field and give cryptocurrencies an official status. The market is moving towards centralization, which will be marked by the emergence of services and control mechanisms. On the other hand, in 2022, market participants may expect new mechanisms for the legalization of a financial instrument and taxation. The first forecast of Messari CEO Ryan Selkis for 2022: the situation in the "real" world will worsen before it gets better. With a 70% probability, the US inflation rate will remain above 5% throughout the year. At the same time, an increase in interest rates will slow down the dynamics of the stock market and hurt rising stocks. For cryptocurrencies, this is good in the short term. But in the medium term, risks arise, as crypto companies will begin to be increasingly censored by Western technology and banking platforms in the face of the suppression of cryptocurrencies by the Joe Biden administration. However, not all experts believe that market participants should expect serious legal changes and stricter regulation in the new year. The authorities can only limit themselves to spreading rumors in the media to intimidate inexperienced investors. 4. Web3 and Blockchain Platforms Web3 is the concept of a new, third-generation Internet, decentralized and powered by blockchain and token economy. It is contrasted with the Web2 World Wide Web, which operates based on centralized platforms for social interaction between users. Large Internet companies, for example, Alphabet (Google), Meta (Facebook), Amazon, and Apple, consolidated most of the information. They occupy leading positions in online advertising, e-commerce, streaming, etc. In 2014, Ethereum co-founder Gavin Wood proposed a new concept, which includes decentralization. According to it, companies embed financial assets in the form of tokens into the inner workings of almost everything you do on the network. As part of the strategy, users interact without being tied to specific servers, data centers, and databases. Web3 will allow you to create platforms that no one controls, but that everyone can trust because of their underlying algorithms and protocols. It is proposed to achieve this with the help of advanced technologies such as blockchain, machine learning, big data, and artificial intelligence. Tokens and cryptocurrencies, independent of traditional financial systems, should become fuel for the third-generation Internet economy. Among the promising tokens of this sector, analysts call IOTA ( MIOTA ) and HNT ( Helium ); FIL ( Filecoin ) and BTT ( BitTorrent ); ( OCEAN ) Ocean Protocol — the fundamental token of Web 3.0; BAT ( Basic Attention Token) — a project that allows you to receive remuneration for viewing ads. In general, all projects are united by the fact that they solve the main tasks of the Internet of the future — the decentralization of the network, in which data and information fully belong to their owner, and in which the user and his rights have the main value. 5. P2E Games Play-to-Earn (P2E) is a new term for video games where gamers can earn cryptocurrencies and NFT tokens through their gaming activities. In the last few months, the Play-to-earn trend has gained great momentum. Gaming itself is a huge global market. There are more than 2.7 billion gamers in the world. At the same time, analysts expect that in the next few years the value of the industry will exceed $ 300 billion. Today there are two important problems in the industry: Players do not own their purchases in the full sense of the term. In-game items increase the player's productivity and enjoyment of the game but do not serve any other purpose. As a result, they fall into the category of entertainment expenses, not investments; However, as new business models for game developers become available (for example, commissions from secondary sales of NFT), new forms of gameplay will also appear. The number of games has already exceeded 200, while they occupy up to 45% of the traffic of all decentralized applications. As a result, the trend is even singled out in a separate direction of GameFi (Game Finance). The main idea of such games is still not the possibility of quick earnings, but the right to own digital property. With the development of the metaverse, such games will appear more and more often. Perhaps this will become one of the main ways to attract users to the new environment. Modern large companies in the field of gaming, such as Steam or Microsoft, will be able to apply new crypto technologies on their marketplaces or, conversely, suffer from the outflow of users to other sites where the commission is lower, the purchase is safer, there is the possibility of converting virtual items into real money and their subsequent withdrawal. 6. DAO DAO is a decentralized autonomous organization that is controlled by software code and does not depend on the human factor. There is no hierarchy in such systems, all decisions on changes in the protocol are made by all participants on an equal basis with each other. Each digital community is centered around a common cause: it can be the management of a library, a united workforce, a social club, an NFT collection, and so on. The most famous example of such a community is a crowdfunding organization, which is called The DAO. In 2016, the company attracted more than $150 million in investments, becoming the largest crowdfunding project in history. However, it was closed in the same year due to the theft of funds by hackers. But developers continue to learn from their mistakes and improve the technology. Now DAOs are popular in narrow circles of crypto specialists, but their potential is huge — automation of management will greatly reduce bureaucracy and the human factor in almost any company. Experts identify the key features of the DAO: The band members are independent parties; Availability of SmartContract — open source code on the blockchain; Open Membership; A token is used to manage the community, which distributes funds according to priorities, encourages participation, and punishes violations of the rules; The group has internal capital to automate the market, prevent collusion and stimulate the creation of upward communities. Of course, these are not all the trends of cryptocurrencies that we expect in 2022. The growth of investments in this segment is rightfully considered the main trend not only in 2022 but also in subsequent years. The emergence of new exchange-traded funds ( ETFs ) based on digital assets and the development of WebFree can also be attributed to developing areas.
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10 Craziest Stories in Crypto History

10 Craziest Stories in Crypto History

Ruth Kise 6 min read
The cryptocurrency market is one of the most attractive economic areas. This most dynamic industry to date has experienced many ups and downs in its rather brief years of existence. In this article, we will talk about the most remarkable events in the history of crypto, people who got rich on it (and who were one step away from it), as well as projects that may seem strange. They Paid Attention in Time Eric Finman The youngest cryptocurrency millionaire in the world. Now he is 19 years old and has 403 BTC , which at the current exchange rate is $2.8 million. He bought bitcoins when he was only 12 years old. His grandmother gave him $1,000, which he was supposed to set aside for college, but he chose the path of a cryptocurrency investor. As time has shown, he made the right choice. The Winklevoss Brothers These are the very brothers who sued Mark Zuckerberg for $65 million for stealing their idea and creating Facebook on his own. They took $11 million of the total amount of compensation and bought bitcoins on them. At the time of purchase, the coin was trading at $120 apiece. That is, they purchased approximately 91,666 BTC, at the current rate it is 641 million dollars. There are quite a few people who have made an impressive fortune on cryptocurrencies. Therefore, in order not to stretch the already large material, let us move on to those poor people who were one step away from wealth, but lost it. Right Up There Bitcoin Pizza On May 22, 2010, the software developer under the nickname Laszlo bought two of the most expensive pizzas ever sold. At that time, the cost of bitcoins was nominal, and the first miners simply did not know where to put their "funny money". And Laszlo on one of the bitcoin forums said that he would pay 10 thousand coins to whoever delivered him two pizzas. At that time, the deal looked completely ordinary, at that rate Laszlo did not overpay for his fateful dinner, but already in August of that year, two pizzas cost him $600. As of today, Laszlo has bought two pizzas for $70 million. Every year on May 22, Bitcoin pizza day is "celebrated." Mark Frauenfelder  US journalist Mark Frauenfelder lost access to a wallet that stored bitcoins purchased in early 2016 for three thousand dollars, a little more than seven bitcoins in total. Observing that the dollar equivalent of bitcoins is growing immeasurably, he happily purchased the Trezor hardware wallet. The journalist wrote the 24-word password on a piece of paper and placed a desk in a secluded drawer. On duty, Mark had to fly to Japan and took his wife with him. Being a suspicious person, he decided to put the words of access to the wallet under the pillow of his daughter in case something happens to the spouses, then let the bitcoins go to the children. Upon returning home, he did not find the cherished words under his daughter's pillow and realized that the houses were cleaned, and the note was thrown into the trash. Mark, no matter how he tried, could not remember the password. It was possible to make a combination of cherished words after six months, and during this time three thousand dollars turned into thirty (!). By the way, 20% of existing bitcoins are stored in wallets whose owners do not have access to them. According to estimates by the analytical company Chainalysis, which studies blockchain technology, there are now more than 18.5 million bitcoins in the world. However, 20% of them for a total of $140 billion are on lost or blocked wallets.  Weird Crypto Projects The phenomenon of cryptocurrencies is enabling people to make money or raise funds for just about everything. Several cryptocurrencies in the market have strange and fancy names, but were created for a cause and are still in circulation in the market. However, others just show how obsessed we have become with cryptocurrencies. Dogecoin A virtual currency based around the hugely popular internet meme of a Shiba Inu . Originally made to mock the alternative currencies that hoped to compete with Bitcoin, Dogecoin is now one of the biggest around. Its market cap recently broke through $2bn as investors seek out the next crypto-trend. Part of Dogecoin’s success is due to its vast and vibrant community , members of which created the Dogecoin Foundation, a nonprofit organization dedicated to using Dogecoin to fund goodwill projects. In 2014, the Foundation sent the Jamaican bobsled team to the Winter Olympics. It also funded the development of two clean water wells in east Kenya via a Twitter campaign. Bongger and Potcoin Those are cryptocurrencies promoting the cannabis revolution. These two are social projects that aid humanity in various aspects as a currency and act as a funding asset for the weed industry. Bongger also provides support for the medical, pharmaceutical, and basic scientific research on cannabis and its uses. Potcoin is not the only marijuana-themed currency. However, it gained notoriety due to its sponsorship deal with basketball star and unlikely North Korean diplomat Dennis Rodman. Kitties as Currency Such is the hype surrounding cryptocurrencies that anything built on blockchain technology is instantly a big deal. Take, for example, CryptoKitties, collectible digital artworks of cats and one of the first NFTs . The sort of digital version of Pokémon that can only be purchased with internet money. Users spend Ethereum in order to “breed” new kitties. Each kitty is unique and some devoted CryptoKitties players are willing to pay huge sums to own the best ones. The highest price paid currently stands at $117,700.  While a little weird, CryptoKitties is hugely popular. Over $12m has swapped wallets in kitty sales. Likewise, the game is now reportedly responsible for 11 percent of all traffic on the Ethereum Blockchain according to Motherboard. Fastfood Crypto! Is it reasonable to wait for your burger or chicken till a bitcoin transaction will be confirmed? No matter what you think, it seems cryptocurrency is a big deal in the fast-food world, and restaurants are keen to keep up with the latest trends. While McDonald’s has been tipped to start accepting cryptocurrency payments by as early as 2019, KFC has hopped on the bitcoin bandwagon. KFC offered up a limited edition Bitcoin Bucket, containing 10 pieces of chicken, fries, a medium side, gravy and two dips. All for a reasonable price of 20 CAD. KFC saw the viral bargain bucket sell out. At present, it’s unclear whether they will run the promotion again, but the fast-food chain might be convinced by its bitcoin balance (once the payments clear)… Living Crypto Life In addition to the striking stories of ups and downs, there are a lot of examples of when people are ready to fully involve cryptocurrency in their lives. For some, this is a great path to enrichment, while others are attracted by the cryptocurrency as a new stage in everyday life on the way to the formation of the Metaverse. Life on Bitcoin To date, there are an awful lot of merchants accepting BTC and cryptos as payment, so, the feat is far from impossible. But that wasn’t the case in 2013.  By then, the newlywed couple Beccy and Austin Craig decided to run a bold experiment: live and travel solely with Bitcoin as a payment method for 90 days. They called it “Life on Bitcoin”. The journey started from Utah and across the United States, and they also flew overseas to Stockholm, Berlin, and Singapore. Of course, they had difficulties in those months. But they did it nicely, and, two years later, they launched a documentary to prove this crazy crypto story. The Policeman Tony Vaughn, a police officer from the Kentucky provincial town of Vicco, was asked by the United States to pay his salary to the BTC. In 2013! When few knew about bitcoin at all. What can be said about paying with it? After conducting their own research, the city commission nevertheless agreed to such conditions. All his salary began to be converted into bitcoins and automatically transferred to a wallet. This was probably the first time that a public servant was paid in crypto. The average Police Officer salary in Kentucky is around $54,000 per year, and the Bitcoin price was over $1,000 then. So, any crypto savings that Vaughn kept has been revalued by around 5,300% so far. Not bad. Conclusion To sum up, the cryptocurrency world embodies the formula "new technologies + big money". By itself, this can drive many crazy. Until recently, cryptocurrency seemed to be something unimaginable. But humanity doesn't stand still. So keep your head cool and be hands-on, perhaps you will enter the top stories of crypto.
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Top 4 Blockchain-Based Games in 2021

Top 4 Blockchain-Based Games in 2021

June Katz 4 min read
Blockchain-based games offer an attractive opportunity to earn cryptocurrency as you play. Another point that can attract not only crypto enthusiasts but also gamers is the fact that decentralized platforms and games’ connection to cryptocurrency wallets allows the players to keep their items indefinitely, no matter what happens to the game itself. Apart from this, blockchain games can serve as an incentive for more people to get into cryptocurrencies, thus expanding the pool of cryptocurrency investors. We will introduce some of the examples of blockchain games that have gained a following among the crypto community . Lost Relics Lost Relics is a dungeon exploration and combat role-playing game similar to Diablo, where the main point is to collect relics all around the world with an endless story mode. The game is based on the Unity engine . Players need an Enjin Wallet connected to their account to be able to play and use blockchain items. The in-game relics are ERC-1155 Ethereum items that can be sold or traded, both in-game and outside of it. When the players are moving blockchain items to their wallet, to other players, or to different marketplaces, they will need ETH and ENJ to pay transfer fees. The gameplay is similar to other dungeon crawlers: kill monsters and collect artifacts. However, what stands out in Lost Relics is the absence of a skills tree or a class system, instead, the player can use the artifacts found in the game to buff their character or customize it. The artifacts, or relics, differ in their rarity, those can be uncommon, rare, epic, legendary, mythical, and transcendent, with some of them being one of a kind in the whole in-game world. However, if you lose and don’t make it out of the dungeon alive, you also lose the relics. With that being said, the items that have been added to the players’ digital assets cannot be lost. 0xUniverse 0xUniverse is a strategy game based entirely on the Ethereum blockchain, meaning that players can see all of the in-game actions on the blockchain. This is a game of space exploration, with players conquering new planets and unraveling the mystery of the universe. Each planet is a digital collectible that acts like an asset both in-game and outside of it: players can sell or trade the planets or their resources with other players and earn Ethereum while doing it. The planets differ in their rarity: common, rare, epic, and legendary, with the rarest planets being the most expensive ones. While luck is certainly necessary for being successful at 0xUniverse by finding rare planets, there is also quite a bit of strategic thinking involved related to buying and selling planets: players should always pay attention to what is presented in the market at that moment as well as current Ethereum gas prices. To begin the game, a player is required to buy one planet. After that, the player can build spaceships and start exploring. Gods Unchained Gods Unchained is a free-to-play card trading game based on Ethereum and backed by Coinbase. Its creators already had experience in game creation previously working with Google and Riot Games. New players receive a free collection of cards – a Welcome Set, which helps them dive into the game. There are several game modes to choose from – one can either play against a computer or face real opponents online, which will allow the player to gain experience and unlock different card packs. The ultimate playing mode Ranked Constructed allows the player to unlock prizes and earn Flux . Flux is used to forge new, higher quality cards, which are a part of the Ethereum network and have real-world value and can be traded for fiat money. Each game involves two opponents playing against each other. As with other trading card games, quite a bit of strategizing is required. However, the rewards are worth it. Unlike some trading card games, players do not have to necessarily buy the best cards to win, they can earn them just by playing. Every weekend there is a tournament that players can participate in to earn rewards. Furthermore, the creators are also currently working on a World Championship with a prize pool of a few hundred thousand dollars.  Conclusion  The advantages of blockchain games are obvious: you can play to earn cryptocurrency and you will always know that the items that belong to you will not disappear because of an update or some company policy. However, although the above-mentioned games offer some fun gameplay, blockchain games in general still lack many features of gaming experience expected from traditional video games. But, if you're interested in trying — you can buy some tokens needed to play right here on SwapSpace .
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What Are the Biggest Memes in the Crypto Industry and Where Do They Come From?

What Are the Biggest Memes in the Crypto Industry and Where Do They Come From?

June Katz 3 min read
Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts, and later on the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, but it has also since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there. When Moon? When Lambo? These are two commonly used phrases both referring to the price of the token. The phrase “To the Moon” came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the Moon, thus the phrase, “When Moon?” It suits perfectly in combination with the phrase “When Lambo?”, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin. HODL This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as “little” as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options: you sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating with “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto. Doge This is the cutest of them all, Doge. It’s the little dog that’s been visible in cryptocurrency memes over the course of many, many years now. As a popular crypto meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE. Pink Wojak It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common: they are all pink. Altcoin season approaching We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap, but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start: altseason. With every spike in Bitcoin we see people screaming for altseason. There are tons of different crypto memes out there created to display the people sadly waiting for altseason to arrive. Whenever it does, we can see the “when Lambos” coming up. Memes are a good indicator of what’s trending in the industry. There are loads of people creating new cryptocurrency memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the Moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
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The Biggest Cryptocurrency Thefts in the Last 10 Years

The Biggest Cryptocurrency Thefts in the Last 10 Years

June Katz 11 min read
In this article, we will try to remember all the major cryptocurrency thefts over the past 10 years. 1. Bitstamp hack , $5.3 mln ( BTC ), January 4th, 2015 On January 4, 2015, the operational hot wallet of Bitstamp announced that it was hacked by an anonymous hacker and 19,000 Bitcoins (worth of $5 million) were lost. The initiation of the attack fell on November 4, 2014. Then Damian Merlak, the CTO of the exchange, was offered free tickets to punk rock festival Punk Rock Holiday 2015 via Skype. It was known that Merlak is interested in such music and even plays in a band. To receive the tickets, he was asked to fill in a participant questionnaire by sending a file named “Punk Rock Holiday 2015 TICKET Form1.doc”. This file contained a VBA script. By opening the file, he downloaded the malware on his computer. Although Merlak did not suspect any wrong and has opened the “application form”, to any critical consequences, this did not open access to the funds of Bitstamp exchange. The attackers, however, did not give up. The attack continued for five weeks, during which hackers presented themselves as journalists, then headhunters. Finally, the attackers were lucky. On December 11, 2014, the infected word document was opened on his machine by Bitstamp system administrator Luka Kodric, who had access to the exchange wallet. The file came to the victim by email, allegedly on behalf of an employee of the Association for Computer Machinery, although in fact, as the investigation showed, the traces of the file lead deep into Tor. Hackers' attempts were not limited to just one letter. Skype attacker pretended to be an employee of the Association for Computing Machinery, convinced that his Frame thought to make an international honored society, which required some paperwork. Kodric believed. By installing a Trojan on Kodriс’s computer, hackers were able to obtain direct access to the hot wallet of the exchange. The logs show that the attacker, under the account of Kodric, gained access to the server LNXSRVBTC, where he kept the wallet file .dat, and the DORNATA server, where the password was stored. Then the servers were redirected to a certain IP address that belongs to one of the providers of Germany. There are still no official reports of arrests in this case. Obviously, the case is complicated by the fact that the hackers are outside the UK, and the investigation has to cooperate with law enforcement agencies in other countries. 2. GateHub hack, $9.5 mln ( XRP ), June 1st, 2019 Hackers have compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was reported by GateHub in a preliminary statement on June 6. XRP enthusiast Thomas Silkjær, who first noticed the suspicious activity, estimates that the hackers have stolen nearly $10 million worth of cryptocurrency (23,200,000 XRP), $5.5 million (13,100,000 XRP) of which has already been laundered through exchanges and mixer services. GateHub notes that it is still conducting an investigation and therefore cannot publish any official findings. Also, GateHub advises victims to make complaints to the relevant authorities of their jurisdiction. 3. Tether hack, $30.9 mln ( USDT ), November 19th, 2017 Tether created a digital currency called “US tokens ” (USDT)  —  they could be used to trade real goods using Bitcoin , Litecoin , and Ether. By depositing $1 in Tether, the user received 1 USD , which can be converted back into fiat. On November 19, 2017, the attacker gained access to the main Tether wallet and withdrew $ 30.9 million in tokens. For the transaction, he used a Bitcoin address, which means that it was irreversible. To fix the situation, Tether took action by which the hacker was unable to withdraw the stolen money to fiat or Bitcoin, but the panic led to a decrease in the value of Bitcoin. 4. Ethereum hack, $31 mln ( ETH ), July 20th, 2017 On July 20, 2017, the hacker transferred 153,037 Ethers to $31 million from three very large wallets owned by SwarmCity, Edgeless Casino and Eternity. Unknown fraudsters managed to change the ownership of wallets taking advantage of the vulnerability with multiple signatures. First, the theft was noticed by the developers of SwarmCity. Further events deserve a place in history: “white hackers” returned the stolen funds and then protected other compromised accounts. They acted in the same way as criminals who stole funds from vulnerable wallets  —  just not for themselves. And it all happened in less than a day. 5. Dao hack, $70 mln (ETH), June 18th, 2016 On June 18, 2016, members of the Ethereum community noticed that funds were being drained from the DAO and the overall ETH balance of the smart contract was going down. A total of 3.6 million Ether (worth around $70 million at the time) was drained by the hacker in the first few hours. The attack was possible because of an exploit found in the splitting function. The attackers withdrew Ether from the DAO smart contract multiple times using the same DAO Tokens. This was possible due to what is known as a recursive call exploit. In this exploit, the attacker was able to “ask” the smart contract (DAO) to give the Ether back multiple times before the smart contract could update its own balance. There were two main faults that made this possible: the fact that when the DAO smart contract was created the coders did not take into account the possibility of a recursive call, and the fact that the smart contract first sent the ETH funds and then updated the internal token balance. It’s important to understand that this bug did not come from Ethereum itself, but from this one application that was built on Ethereum. The code written for the DAO had multiple bugs, and the recursive call exploit was one of them. Another way to look at this situation is to compare Ethereum to the Internet and any application based on Ethereum to a website: if a website is not working, it doesn’t mean that the Internet is not working, it simply means that one website has a problem. The hacker stopped draining the DAO for unknown reasons, even though they could have continued to do so. The Ethereum community and team quickly took control of the situation and presented multiple proposals to deal with the exploit. In order to prevent the hacker from cashing in the Ether from his child DAO after the standard 28 days, a soft-fork was voted on and came very close to being introduced. A few hours before it was set to be released, a few members of the community found a bug with the implementation that opened a denial-of-service attack vector. This soft fork was designed to blacklist all the transactions made from the DAO. 6. NiceHash hack, 4736.42 (BTC), December 6th, 2017 NiceHash is a Slovenian cryptocurrency hash power broker with an integrated marketplace that connects sellers of hashing power (miners) with buyers of hashing power using the sharing economy approach. On December 6, 2017, the company’s servers became the target of attack. At first, Reddit users reported that they could not access their funds and make transactions  —  when they tried to log in, they were shown a message about service interruption. In the end, it became known that the service had undergone a major cyber attack, and 4736,42 Bitcoins disappeared without a trace. Despite heavy losses, NiceHash was able to continue working, but CEO and founder Marco Koval resigned, giving way to a new team. The company managed to maintain the trust of investors and began to strengthen the protection of its systems. 7. Mt. Gox hack, 850000 (BTC), June 19th, 2011 The hacking Of Mt. Gox was one of the biggest Bitcoin thefts in history. It was the work of highly professional hackers using complex vulnerabilities. A hacker (or a group of hackers) allegedly gained access to a computer owned by one of the auditors and used a security vulnerability to access Mt. Gox servers, then changed the nominal value of Bitcoin to 1 cent per coin. Then they brought out about 2000 BTC. Some customers, without knowing it, conducted transactions at this low price, a total of 650 BTC, and despite the fact that the hacking hit the headlines around the world, no Bitcoin could be returned. To increase investor confidence, the company has compensated all of the stolen coins, placed most of the remaining funds in offline storage, and the next couple of years was considered the most reliable Bitcoin exchanger in the world. However, it was only an illusion of reliability. The problems of the organization were much more serious, and the management probably did not even know about them. CEO of Mt. Gox, Mark Karpeles, was originally a developer, but over time he stopped delving into technical details, basking in the rays of glory  —  because he created the world’s largest platform for cryptocurrency exchange. At that time Mt. Gox handled over 70% of all Bitcoin transactions. And, of course, there were those who wanted to take advantage of the technological weakness of the service. At some point, hackers made it so that Bitcoins could be bought at any price, and within minutes millions of dollars worth of coins were sold  —  mostly for pennies. World prices for Bitcoin stabilized in a few minutes, but it was too late. As a result, Mt. Gox lost about 850,000 Bitcoins. The exchange had to declare bankruptcy, hundreds of thousands of people lost money, and the Japanese authorities arrested CEO Mark Karpeles for fraud. He pleaded not guilty and was subsequently released. In 2014, the authorities restored some of the Bitcoins remaining at the old addresses, but did not transfer them to the exchange, and created a trust to compensate for the losses of creditors. 8. Coincheck hack , $530 mln, January 26th, 2018 The sum was astonishing and even surpassed the infamous Mt. Gox hack. While Mt. Gox shortly filed for bankruptcy following the hack, Coincheck has surprisingly remained in business and was even recently approved as a licensed exchange by Japan’s Financial Services (FSA). Coincheck was founded in 2014 in Japan and was one of the most popular cryptocurrency exchanges in the country. Offering a wide variety of digital assets including Bitcoin, Ether, LISK , and NEM , Coincheck was an emerging exchange that joined the Japan Blockchain Association. Since Coincheck was founded it 2014, it was incidentally not subject to new exchange registration requirements with Japan’s FSA, who rolled out a framework after Mt. Gox, and eventually was a contributing factor to its poor security standards that led to Coincheck hack. On January 26th, 2018, Coincheck posted on their blog detailing that they were restricting NEM deposits and withdrawals, along with most other methods for buying or selling cryptocurrencies on the platform. Speculation arose that the exchange had been hacked, and the NEM developers issued a statement saying they were unaware of any technical glitches in the NEM protocol and any issues that were a result of the exchange’s security. Coincheck subsequently held a high-profile conference where they confirmed that hackers had absconded with 500 million NEM tokens that were then distributed to 19 different addresses on the network. Totaling roughly $530 million at the time  —  NEM was hovering around $1 then  —  the Coincheck hack was considered the largest theft in the industry’s history. Coincheck was compelled to reveal some embarrassing details about their exchange’s security, mentioning how they stored all of the NEM in a single hot wallet and did not use the NEM multi-signature contract security recommended by the developers. Simultaneously, the NEM developers team had tagged all of the NEM stolen in the hack with a message identifying the funds as stolen so that other exchanges would not accept them. However, NEM announced they were ending their hunt for the stolen NEM for unspecified reasons several months later, and speculation persisted that hackers were close to cashing out the stolen funds on the dark web. Mainstream media covered the hack extensively and compared it to similar failures by cryptocurrency exchanges in the past to meet adequate security standards. At the time, most media coverage of cryptocurrencies was centered on their obscure nature, dramatic volatility, and lack of security. Coincheck’s hack fueled that narrative considerably as the stolen sum was eye-popping and the cryptocurrency used  —  NEM  —  was unknown to most in the mainstream. NEM depreciated rapidly following the hack, and the price fell even more throughout 2018, in line with the extended bear market in the broader industry. Currently, NEM is trading at approximately $0.07, a precipitous fall from ATH over $1.60 in early January. The extent of the Coincheck hack was rivaled by only a few other hacks, notably the Mt. Gox hack. While nominally Coincheck is the largest hack in the industry’s history, the effects of Mt. Gox were significantly more impactful since the stolen funds consisted only of Bitcoin and caused a sustained market correction as well as an ongoing controversy with the stolen funds and founder. Moreover, Mt. Gox squandered 6% of the overall Bitcoin circulation at the time in a market that was much less mature than it is today. Despite the fallout, Coincheck is now fully operational and registered with Japan’s FSA. As practice shows, people make mistakes and these mistakes can cost a lot. Especially, when we talk about the mad crypto world. Be careful and keep your private keys in a safe place.
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