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ScarletBox's Joya x Baldovino NFT #105 is the very first NFT to be sold in Leon Gallery Auction House for ?122,640.00.
The post Scarletbox’s Joya x Baldovino NFT First-Ever NFT Sold at Leon Gallery appeared first on BitPinas.
The Messari report noted that more than $30 billion was raised from 1199 funding rounds in the first half of 2022.
According to the announcement, the fund is "designed to strengthen accountability and transparency in ecological markets," with an inherent adherence to contributing towards the 2030 UN Sustainable Development Goals.
The City of Lugano in Switzerland, the most important Italian-speaking city outside of Italy, is not playing around. The goal of their “Plan B” is to “make Lugano the blockchain hub for the entire Europe,” according to Tether’s Paolo Ardoino. And it will probably succeed. The city wants to attract investment and talent, attract wealth and smart minds, and they’re putting their money where their mouth is. Why do they have to brand their plan using bitcoin’s name, though? In NewsBTC’s previous article about the project we were very critical, and even raised the possibility of this being an affinity scam. Bitcoin name is heavily used in all promotional materials, but the protagonists talk about blockchain and crypto like there’s no tomorrow. Why would Tether Ltd. and its partners not make this a crypto project and call it a day? We closed said article giving them the benefit of the doubt: “And here comes the Mayor of the city of Lugano and Tether to sing bitcoin’s praises. A “blockchain not bitcoin” guy and the organization behind the most controversial stablecoin. Even though it’s suspicious, let’s give them the benefit of the doubt and hear what they have to say. They might surprise us at the March 3rd conference. Maybe Lugano has a Plan B after all.” Do they have a Plan B? Let’s find out. Bitcoin Legal Tender In Lugano. And USDT. And LVGA The story’s headline is that Bitcoin, Tether, and LVGA, the city’s own cryptocurrency, will be legal tender in Lugano. Residents will be able to “pay all personal and corporate municipal taxes” in any of those cryptocurrencies. Besides that, the city’s authorities have already onboarded 200+ shops and businesses to accept them. There’s more though. You’ll be able to use bitcoin, USDT, and LVGA to pay for: public services, parking tickets, dog taxes, ID and passport issuance fees, naturalization fees, construction permit fees, boat docking fees, tuition and meal fees, garbage taxes, signature authorization, access to public infrastructure, access to public events, rental spaces for events, and cemetery taxes. Who Presented The News And What Did They Say? The panel consisted of: Michele Foletti, the city’s Mayor, who spoke in Italian. Jan Ludovicus van der Velde, CEO of Tether, who spoke via video. Pietro Poretti, economic development division for the City of Lugano. Paolo Ardoino, CTO of Tether The Mayor said that “Lugano is, historically, a land of technological innovation and freedom.” He believes that “Bitcoin, blockchain, and crypto” should be “disseminated and accessible to all.” And he’s convinced “that this journey will bring benefits to all the citizens and that’s why this is our commitment.” Jan Ludovicus van der Velde briefly recapitulated bitcoin’s history and talked about the value of open-source software. About cryptocurrencies, he said that while the adoption is wide scaled, in practice, “we lack the ability to exchange with the local bakeries and tailors. We lack the ability to pay for higher education or automobiles. We’re stuck waiting for the world to catch up to the future of financial freedom.” About “Plan B” specifically, van der Velde said, “We envision blockchain touching every facet of this city.” NEW: Switzerland's City of Lugano will "roll the red carpet" for #Bitcoin businesses and enthusiasts ?? pic.twitter.com/2hujg4V4wm — Bitcoin Magazine (@BitcoinMagazine) March 3, 2022 Paolo Ardoino stated that “with this Plan B we want to show that the tooling, the instruments, that we’re creating can be actually put to work in a local, controlled, vibrant environment like the City of Lugano.” While Pietro Poretti said that the plan was to “create the ideal conditions for companies to thrive.” They both carried the conference and announced everything else in this article. Ardoino also explained why they chose Lugano. Among other things: It’s in the center of Europe. Switzerland is safe and secure. The city is near big airports. It has forward-looking institutions and administration. BTC price chart for 03/04/2022 on Coinbase | Source: BTC/USDT on TradingView.com What Does Lugano ‘s “Plan B” Consists Of, Exactly? The only mention of something bitcoin-specific goes to Paolo Ardoino, who sang the Lightning Network’s praises and expressed his wishes for Lugano to be the “first wide adopter.” We know he meant after the legendary Bitcoin Beach in El Salvador, of course. Ardoino also announced a 100 million CHF fund “for start-ups that want to relocate here and want to put their headquarter here.” “Infrastructure partners like Polygon” made the fund possible. One of USDT’s versions runs on the Ethereum Layer 2 chain, and in this conference, we learned that LVGA, the city’s coin, also runs on Polygon rails. Besides that fund, Lugano’s “Plan B” consists of: A “Start-up hub for 25+ innovative companies” A “space for meetups and workshops open to the public.” “3+ million CHF investment into practical grassroot blockchain projects” “500+ student grants for education in bitcoin and decentralized technologies.” According to Poretti, this whole thing isn’t possible without “synergy with academia.” Announcing The Bitcoin World Forum From October 26th to 28th, at Lugano’s Palazzo dei Congressi, there will be a huge conference. So far, the confirmed speakers are Blockstream’s Adam Back, bitcoin ambassador Samson Mow, and the controversial Max Keiser. More guests are to be announced. Keep your eye on NewsBTC for following stories about the Bitcoin World Forum and Lugano’s “Plan B.” Featured Image: Lugano's Plan B announcement, screenshot from the video | Charts by TradingView
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and [...]
The post ‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change appeared first on Crypto Breaking News.
Murad Mahmudov has (once again) garnered major attention in recent weeks, establishing himself as one of the leading crypto analystsanalogous to Keith Gill, also known as “Roaring Kitty,” in the stock market. Mahmudov has reportedly transformed an initial investment of just $2 into a fortune exceeding $100 million over the past five years. This astounding feat was detailed by Pix (@PixOnChain), an advisor to Mintify and researcher at Jirasan, and further analyzed by crypto analyst Rekt Fencer (@rektfencer) on X. This is Murad In 2020, he went bankrupt during the COVID crash Now, hes a memecoin whale, making MILLIONS every day Heres how he did it and what he thinks is coming next pic.twitter.com/jqv0pS2PT1 Rekt Fencer (@rektfencer) October 8, 2024 From Bitcoin To Crypto To Memecoins Murad Mahmudov’s entry into the world of cryptocurrency began in 2013 while he was an exchange student in China. Surrounded by forward-thinking peers deeply invested in Bitcoin, he developed an early interest in digital assets. After a period working with financial giants Goldman Sachs and Glencore, Mahmudov returned to the crypto sphere in 2016, fully embracing the role of a Bitcoin maximalist. In 2018, he made headlines with a bold prediction: Bitcoin would reach $10 million per coin. This assertion was considered audacious even among staunch Bitcoin advocates. Despite his Bitcoin-centric philosophy, Mahmudov was quietly accumulating altcoins, including Ethereum at $150. Related Reading: Crypto Analyst: Why Memecoins Are Still The Next 100x Opportunity Capitalizing on his market insights, Mahmudov co-founded Adaptive Capital in 2019 alongside several colleagues. The fund initially outperformed expectations, leveraging a formula that seemed to consistently beat the market. However, the unforeseen global COVID-19 pandemic in 2020 dramatically shifted the economic landscape. With significant long positions in Bitcoin, Adaptive Capital faced catastrophic losses as exchanges experienced outages during critical trading periods. The fund ultimately closed, returning the remaining capital to investors after sustaining a 55% loss. This pivotal moment prompted Mahmudov to reassess his investment strategies. Taking a hiatus from active trading, he re-emerged in June 2022 with a renewed perspective on the crypto market. The Memecoin Supercycle Recognizing emerging trends, Mahmudov shifted his focus to memecoins. He introduced the concept of the “Memecoin Supercycle,” positing that these tokens represent the next significant growth opportunity in the crypto market. Related Reading: RIP Altcoin Seasons? Crypto Analyst Debates Whether Theyll Ever Return In a viral post on September 12, Mahmudov unveiled his top ten high-conviction memecoin investments, complete with ambitious long-term market capitalization targets. Among them were tokens like SPX6900 SSPX on Ethereum, which he believes could reach a $100 billion market cap, asserting it as the “number one movement coin in the world” with a mission to “flip the stock market.” His predictions were met with skepticism, with some labeling him as overly optimistic. However, his conviction remains unshaken. “I’ve spent the last 10 weeks locked in my room doing nothing but studying Memecoins, silently hanging out in their groupchats, simply observing and studying their lore to develop conviction on my Top 10 long-term Memecoin plays. I will be sharing all 10 over the next 10 days,” he writes. Mahmudov’s insights gained significant traction following his recent presentation at Token2049. According to Mechanism Capitals Andrew Kang his talk at Token2049 “catalyzed the next wave of capital reallocation into memecoins.” Crypto analyst Miles Deutscher summarized the key points of Mahmudov’s speech, noting the exceptional performance of memecoins in the current market cycle. Mahmudov emphasized that “assets will no longer move up in unison,” highlighting the distinct outperformance of memecoins compared to traditional altcoins. Murad’s recent speech at TOKEN2049 has ignited a memecoin frenzy. It will change your ENTIRE outlook on crypto (and could net you huge gains). If you haven’t watched it yet, you NEED to read this thread. : Breaking down @MustStopMurad‘s memecoin theory. Miles Deutscher (@milesdeutscher) October 8, 2024 He argued that memecoins fulfill retail investors’ desires for community, identity, and excitementelements often missing from utility-focused altcoins. “Memecoins as a superior version of altcoins,” Mahmudov asserted. Memecoins are outpacing altcoins by delivering what retail actually craves: community, identity, and excitement, not just potential gains. Its not just speculation, its culture, Deutscher explained. At press time, leading Solana based memecoin WIF traded at $2.52, up 75% in the last three weeks. Featured image created with DALL.E, chart from TradingView.com
The memecoin supercycle theory has spread quickly, convincing many of the potential for big profits.
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