The latest news on crypto, blockchain and Defi

Tomorrow, Thursday 14 April, is our happy hour / conference with Rivemont’s crypto strategy team. While all the tickets had found recipients several days before the event, we released about twenty more with the organization to accommodate a maximum number of attendees. We remind you that the free event will feature a one-hour conference focusing on the value of cryptocurrencies, as well as presenting the Rivemont Crypto Fund as an investment product. Bites, drinks and networking will be there! If you would like to join the Bonaventure Hotel in Montreal, do not hesitate. It’s here to reserve your seat.

The latest news on crypto, blockchain and Defi
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Did we witness insider trading in the cryptocurrency market yesterday? That, at least, is the assumption in the latest saga about the industry. In fact, a few hours after Coinbase published a blog post revealing the latest tokens believed to have been added to the stock market, crypto veteran Cobie reported on Twitter an Ethereum wallet that bought for over $ 400,000 tokens on the same list. Crime money, cryptocurrencies? This is just another example that shows why it is the exact opposite. The user, who controls the wallet whose trading activity is publicly visible on the Ethereum chain, completed shopping after the tokens three minutes before the listing was announced. In addition, the holder of the wallet appears to have focused only on tokens being considered for listing on Coinbase, suggesting advanced knowledge of the listing prior to its release. The tokens purchased by the wallet are now worth more than $ 572,000, representing a 42% ROI in less than 24 hours.

It did not require a commission or investigation to identify the incident. It was enough to pay attention to the chain’s public transactions. At the time of writing, Coinbase has not publicly addressed the situation. Bet, however, that it brews behind the curtain.

We recently reported on the partnership between the UFC organization and the Exchange. As part of the latter, fighters will now receive their bitcoin bonuses directly. The organization will distribute bitcoin payouts to the top three fighters at each UFC pay-per-view event. Fan votes will determine the three fighters, and the chosen ones will share a total of $ 60,000 worth of BTC.

Facebook whistleblower Frances Haugen has warned that Metas Metaverse will copy “all evil” on her social platform. In an interview with Politico, Haugen said: “They have made some very big promises about how security-by-design is in Metaverse. But if they do not commit to transparency, access and other accountability measures, I can imagine a repeat of all the damage we’re seeing on Facebook right now. ” The one who leaked thousands of internal SEC documents in 2021 adds: “I’m very concerned about the number of sensors involved. When we create Metaverse, we’ll have to install many more Facebook microphones and many other types of sensors in our homes. “You no longer really have a choice whether you want Facebook to spy on you at home. We just have to trust the company to do the right thing.”

Speaking of Meta, we had to secure the date by reading this article from Yahoo Finance to make sure it was not an April Fool’s joke. In fact, after the failure, which was the Diem project – ultimately dead in the bud – a new digital currency would be under development by the company … namely Zuck Buck (!). The goal would be to create a native transaction currency that can only be used on Meta platforms. Unlike Diem, the Zuck Bucks will probably not be cryptocurrencies built on blockchain. Instead, according to the Financial Times, which quotes people familiar with the project, the Zuck Bucks would be controlled directly by Meta, just like the in-game currencies used in Fortnite and Roblox platform games.

That Luna Foundation Guard (LFG), the entity that acts as a resolution protocol for the UST algorithmic stablecoin, added an additional $ 100 million in bitcoins (BTC) to its cash portfolio. LFG’s wallet now contains $ 1.7 billion in BTC, $ 549.84 million in other USD-denominated stack coins and $ 14.74 million in Terra currency. In total, there are 42,410 BTC in his wallet. The popularity of this stablecoin has the clear advantage that it stimulates the demand for bitcoin and thereby exerts an upward pressure on prices. BTC purchases from LFG have multiplied at an increasing rate in recent months.

Ethereum creator Vitalik Buterin made a personal donation of $ 5 million to ETH to help Ukraine. More specifically, Mr. Buterin 750 Ether to Unchain Fund, a charity project created by blockchain activists to support Ukraine with humanitarian aid. He also donated the same amount to Help for Ukrainean aid fund set up by the Ukrainian Ministry of Digital Transformation.

Speaking of ETH, the first shadow fork on the Ethereum network took place on Monday, in a further step that led to the transition to the consensus world proof of work to proof-of-effort. “The shadow fork” is a way to “test our assumptions about synchronization and state growth,” tweeted Parithos Jayanthi, a developer at the Ethereum Foundation, on April 10. He added that it would also provide “a way to test whether our assumptions work on existing test networks and / or mainnets.”

The price of the majority of cryptocurrencies fell during the week. After all, competition between miners is breaking new records. Bitcoin mining has become harder than ever in history. Each Bitcoin block now requires approximately 122.78 Zettahashes to resolve. In other words, according to Glassnode, “this would equate to the 7,938 billion people on Earth each guessing a SHA256 hash 15,500 billion times, every 10 minutes, to solve each Bitcoin block.”

The “Bitcoin 2022” conference was held from April 6 to 9 in Miami. Referring to the Wall Street bull that highlighted the strength of the bull markets, a similar but bitcoin-specific bull was revealed. Impossible not to share this work of art with you, which will hopefully be preserved in the cityscape. Note that Cathie Wood of Ark Invest took advantage of this conference to reiterate her prediction that bitcoin would be worth a million dollars by 2030.

The history of the markets was the same as for the last few weeks. Inflation and geopolitical pressures created a new bearish wave in the stock markets. The correlation with bitcoin is as clear as ever and the price is following the trend. However, not everyone tried to get out. Based on the latest observed data, bitcoin whales have been busy buying new bids from sellers, where the Bitfinex exchange has seen some remarkable bid volumes filled.

Technically, it’s currently encouraging to see that the defense of the $ 40,000 level seems to hold. However, it is really around $ 38,000 that the true test lies if the slippage should continue. The consolidation recovery that began at the beginning of the year must now reach this level so that it can technically continue in the short and medium term.

This article was brought to you by Fonds Rivemont. Rivemont’s crypto fund is the first and only actively managed cryptocurrency fund in Canada. RRSP and TFSA justified. Accredited investors can learn more here.

Disclaimer: This column does not necessarily reflect the opinion of CryptonewsFR and does not constitute investment advice or trading instructions..

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