Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September 534

Over the past several days Bitcoin has experienced a large drop in value. The entire market has followed this trend, with Ethereum, Bitcoin Cash, and Ripple all declining by similar margins. Analysts have attributed the recent fall to a massive sell-off of almost 40,000 Bitcoin by a Mt. Gox trustee.

Mt. Gox Sell-off

Tokyo-based cryptocurrency exchange Mt. Gox was formed in 2010, and just four years later was responsible for over 70% of all Bitcoin transactions worldwide. Unfortunately, in 2014 the exchange closed down and filed for bankruptcy following the theft of approximately 850,000 Bitcoin.

The problem today is that creditors are still after the missing money. And it has been reported that Nobuaki Kobayashi, the lawyer and trustee of Mt. Gox, has sold 35,841 Bitcoin and 34,008 Bitcoin cash — worth more than $400 million — over the past few months, starting in September of last year.

Many in the industry have thrown shade at Kobayashi, claiming this influx of Bitcoin contributed to the intense volatility in the market in December and January, as well as more recent pricing downtrends. The Mt. Gox trustee holds still holds about 166,000 Bitcoin — worth more than $1.5 billion at the moment.

This has attracted a lot of attention, but there may be some good news: the next court proceeding for the Mt. Gox bankruptcy isn’t scheduled until September 18th, 2018. It is likely, then, that before that date Kobayashi won’t be able to dump the remaining 166,000 Bitcoin onto the open market. Traders have been watching this case closely, and if this turns out to be true, it could mean good things for Bitcoin’s price.

What Happened?

Details of Kobayashi’s transactions published earlier this week indicate that the mass sell-off was potentially a driving force behind the December 2017 and January 2018 Bitcoin pricing slump. Analysis of the transactions suggests a correlation between the sales and Bitcoin’s bearish price action in late December 2017 and early 2018. The sales seem to have further shaken a market already in a downward trend following regulatory crackdowns, hacked exchanges, and fraud.

When off-loading a large volume of cryptocurrencies, a seller is required to accept lower and lower bids, which in turn causes the price to drop rapidly. Some traders watching the market closely may see this as a signal of an oncoming crash and quickly sell their holdings before it drops even further — a snowball effect can occur and a market can quickly experience a crash.

Moving Forward

As noted above, many are hopeful that with the next Mt. Got court date six months away, Kobayashi won’t be able to dump another load of coins on the market. That said, some are hesitant: this Twitter user, a Japanese investor, claims that, in fact, the September 18th court hearing is irrelevant because Kobayashi already has been authorized to sell-off — meaning he doesn’t have to wait to off-load more coins.

Regardless of what actions Kobayashi takes moving forward, hopefully, the future sales will be more transparent and not contribute to FUD and associated Bitcoin market downturns.

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DUAL MINERS IS RESHAPING THE FINANCIAL SYSTEM WITH A HIGHER ROI 1101

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Do not panic, the solution to cryptocurrency mining is here. The crypto market is unfavourable to you? It is not a problem. The art and act of mining is the solution, with 80% ROI on the first month. Dual Miners Ltd has developed three solutions that are pre-configured for ease of use and promise a return on investment in as little as one month due to advancements in ASIC chip technology. The company is based in the United Kingdom and is led by some of the most experienced specialists in the Cryptocurrency mining industry.

What they offer

The company’s current offerings, according to a corporate statement, include DualPro, DualPro Max, and the most recent DualPremium, all of which are designed to support profitable operations on the blockchain of choice. See www.dualminers.com/products

In addition to providing crypto wallet development services, the company sells graphics processing units to consumers. The company has offices on three continents. Dual Miners has a solid reputation in the Blockchain industry as a result of its extensive market experience.

Shipping costs

As a consequence of this, Dual Miners will pay for both shipping and import tariffs, enabling customers to acquire everything they require to get started with no further costs beyond the cost of the device itself.

About Dual Miners

Established in 2015 with the goal of developing and marketing the world’s first leading dual cryptocurrency miners, which can use either SHA-256 or Scrypt technology depending on the miner’s preference. The company asserts that it was the very first dual mining enterprise in the world. “We wanted to revolutionise the industry with the DualPro by providing more power at a more affordable price than was previously thought to be possible” – Michael Scott.

The company maintains offices in a number of other cities around the world, including in the United States. Additional information regarding the company and the goods it sells can be found on the website of the business, which is located at www.dualminers.com.

You can obtain additional details by visiting www.dualminers.com

PR MANAGER
[email protected] (+358) 41 4001034

MetaOne: GameFi is an untapped jewel in the making 1059

Marrtin Hoon, CEO of MetaOne shares his thoughts on how gaming industry has always been evergreen as gamers will always play games regardless of the global economic situation. In fact, more will find solace through the world of gaming. The hottest topic in town would be the evolution of GameFi, the fusion of the words “game” and “finance” which stands for monetization of the gaming experience. Making money playing online games has been around for some time, but with the emergence of GameFi since the 2020s, people are actually making a living by playing these games.

Despite all the hype, there is still a huge potential for community growth as making the switch from traditional gaming to GameFi requires effort, knowledge building, or in certain cases, cash.

Created by Gamers, MetaOne project is committed to reach out to this untapped community to shed the path towards GameFi by neutralising the transition barriers with their single interface platform.

The MetaOne platform highlights effortless onboarding with its one-stop guild management system that facilitates sign ups from all gamers and followers. Their integration with GameFi partners make BigData analysis possible with in-game insights that empower decision makers to execute secure cross-chain NFT activities via their Smart Contract protocol. The ecosystem within is looking forward to bringing tremendous benefit to all stakeholders while contributing to the GameFi space expansion.

“The market now is very turbulent but also gave us an opportunity to prove some key points. MetaOne’s key strategy has always been to convert this massive group of gamers to enter into GameFi through a credible platform that provides science and data clearly to them for making right choices. This will have material impacts to GameFi studios and ultimately the blockchain community,” said Marrtin, CEO of MetaOne, “We are so excited about communicating this vision to all geographical regions and realizing it into real executable plans where guilds, gamers, GameFi studios and users can see and feel the tangibles.”

Fundamentally, Metaone does not compete with Guilds, games, and online ecosystems but rather is a comprehensive enabler and force multiplier for the Gamefi space, integrating analytics, guild management, NFT asset management, and Game NFT activities that can be harnessed to empower these spaces plus changing how the industry operates.

More about MetaOne: https://metaone.gg/

Twitter: https://twitter.com/metaonegg
Discord: https://discord.gg/ffFkuEwdzc
Telegram: https://t.me/metaonegg

Sleep Future Successfully Launched On Bitforex and Bitmart 1159

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Sleep Future successfully completed its listing on Bitforex and Bitmart, and introduces new features such as staking of SLEEPEE and pushing through its app development.

16 May 2022 – Singapore, Singapore – World’s first Web3 Sleep-To-Earn Project announced its successful listing on Bitforex and Bitmart. The project team at Sleep Future has made incredible progress over the course of the month of May with a smooth launch, live staking and preparation for their NFTs. The company have stayed true to their long-term vision to be the leading blockchain sleep2earn project amassing millions of active users as they continue to build, and deliver regardless of the market.

A smooth TGE and launch

With overwhelming support, Sleep Future sold out both their IEO on Bitforex and Bitmart, raising up to 1700% in 24 hours after listing. In addition, the project have raised a remarkable amount from the IDO on Polylauncher to fund their ecosystem. TGE and launch on the abovementioned CEXs as well as Pancakeswap went smoothly, even hitting an ATH of $3.20. To boost investors’ confidence, the team also locked 100% of pancake liquidity for a year (with plans to extend after). Even though there have been retracements, they believe their deliverables will be able to move the price up again in the upcoming months.

“We are thrilled to be successfully listed on Bitforex and Bitmart. Through this, we hope there will be more eyes and believers in our project, as we strive to be the world’s first Sleep2earn project rewarding people for healthy sleeping. Our eventual goal is to bridge innovative R&D Sleep Tech with real-world utilities to blockchain and present this for global adoption.” said Brandon Lee, Co-Founder & CEO of Sleep Future.

Staking for juicy APYs

In the short span of 2 days after listing, staking also went live and is fully functional. Users can earn juicy APY by staking SLEEPEE at https://staking.sleepfuture.com/. The team has made extra efforts to ensure the dashboard is smooth, fast and safe. Simply connect a wallet and stake, after which the individual will be able to earn passively by collecting the rewards under the staking tab.

Official CMC and CG listings

Many of Sleep Future’s investors have also requested for the expedition of Coingecko and CoinMarketCap listing. The community feedback was well received, and Sleep Future was listed just a day after application. One can view their listings here: https://coinmarketcap.com/currencies/sleep-future/ and https://www.coingecko.com/en/coins/sleepfuture#social

NFT Sale and their utilities

The team at Sleep Future is working hard towards the next biggest milestone, their NFT sales launch in June. Sleep Future’s NFTs are hand designed from scratch, up to standard and packed with tons of utilities.

Firstly, one can earn up to $10 USDT worth of SLEEPEE for sleep quality of 100% when the NFT on mobile app is activated.
Secondly, their NFTs also have permanent boosting rates depending on the rarity ranging from normal, premium to legendary, which will be able to give up to a 100% permanent boost.

Lastly, their NFTs are also stackable. Stack up to 3 NFTs to combine and increase boosting rates.
Further updates regarding their NFTs will be updated on their socials leading to June.

About Sleep Future

Sleep Future is the world’s first blockchain-driven sleep wellness ecosystem to improve the sleep quality and health of the global community.

Sleep Future introduces the world’s first Sleep-To-Earn mechanism to reward world-wide community to sleep and earn $SLEEPEE tokens with the dual objective of innovating sleep technology R&D and a real-world utility in the Sleep Future ecosystem.

Discord: https://discord.com/invite/sleepfuture
Twitter: https://twitter.com/SleepFuture
Telegram: https://t.me/sleepfuture
Other Links: https://linktr.ee/sleepfuturefinance

Metavize and Metabloqs form strategic partnership for 3D spatial development and architectural services in “meta-cities” on Metabloqs’ metaverse 1633

Metavize Technology Solutions Limited (“Metavize”) and Metabloqs announced a strategic partnership to provide 3D spatial development and architectural services to companies who are interested in investing properties and developing projects in “meta-cities” in Metabloqs. Metavize is a highly innovative full-service 3D spatial development and architectural service firm for the metaverse, while Metabloqs is a decentralized metaverse with meta-cities based on “real” cities that provide a real world, truly immersive experience.

Metabloqs’ vision is to create a unique ecosystem where users can create, own, and monetize their experiences using token “BLOQS,” the native utility token. Citizens of Metabloqs are provided with a unique passport to enter the metaverse, purchase land and rare goods such as NFTs, and create their dream projects.

The first meta-city is Meta-Paris, which is scheduled to launch in June 2022. Through this strategic partnership, Metavize will act as the official representative of Metabloqs to expand into other meta-cities in Asia through strategic investment.

“Metablogs offer high-quality 3D graphics and truly immersive experience. There will be DIY user-friendly tools on Metabloqs for users who want to build their own projects,” said Megha Shrestha, CEO of Metabloqs. “We are very pleased with our strategic partnership with Metavize. This allows us to create a stunning experience that will catch users’ eyes, offer professional 3D spatial development and architectural services to our property investors and business operators, expediting their property development cycle and improving return-on-investment.”

“As people spend more time in the digital space for leisure, commerce, and work, their expectations of user experience in the metaverse will be much higher and one that is closer to real-life experience,” commented Michael Leung, CEO of Metavize. “We are very excited about our partnership with Metabloqs, who by far offer the best immersive experience among other metaverses that we have seen on the market. We believe this superb user experience will become a very important driver for user adoption.”

“Metaverse takes virtual assets beyond cryptocurrency. Virtual assets from the metaverse are backed by substantial content such as land, property, products with real utilities with the metaverse ecosystem,” said Samson Lee, advisor of Metabloqs and CEO of Coinstreet Meta Solutions. “Metaverse NFT in layman’s term means ‘digital ownership certificate’ of value-back virtual assets in the metaverse that are tracked and managed by the blockchain, a ‘global decentralized computer’ which also acts as settlement system facilitating all transactions globally. We are at the very early days of market development with huge growth opportunities ahead.”

About Metabloqs

Metabloqs is a one-of-a-kind metaverse where users can network, learn and play. Metabloqs is powered by XinFin blockchain that fits in with users’ diverse needs whether users want to pick up a new skill set, engage in networking, or enjoy some time playing. The digital assets are stored in a XinFin smart contract and can be transferred.

For more information, please visit – https://metabloqs.com/

About Metavize

Metavize is a highly innovative and comprehensive 3-D spatial development and architectural service firm for metaverses. We provide product development and architectural services for real estate developers, business operators, homeowners, and product marketing companies to provide its users an immersive experience in the metaverse. Metavize provides one-stop service for animation, design, and fabrication of the virtual world venture into the Metaverse, expediting the property development cycle and improving return-on-investment. Metavize is incubated by Coinstreet Meta Solutions.

For more information, please visit – https://www.metavize.it/

About Coinstreet Meta Solutions

Coinstreet Meta Solutions, a subsidiary of Coinstreet Group, has two main business focuses, 1) providing technology and business solutions to brands and enterprises in enabling them to capitalize various opportunities in the metaverse area, and 2) produce and manage NFT projects, and operate NFT marketplaces including providing whitelabel NFT marketplace solutions.

For more information, please visit – https://www.coinstreet.meta

Minto is Launching Autofarming For those Who Want to Earn More 1820

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Minto is announcing the launch of a new feature that will allow users to increase their income automatically by accruing compound interest. Minto has developed a smart contract with an automatic algorithm for converting received bitcoins into BTCMT tokens and their subsequent staking.

What is Autofarming?

As you know, there are two ways to earn on the BTCMT token: trading and staking. According to statistics, 2.15 million out of 2.5 million issued tokens, or about 86% of all tokens, are staked. Thus, most BTCMT holders choose to earn on staking.

Staking can be compared to an investment bank deposit: you invest money, and after a certain time, you get a larger amount with interest. In case of a bank, your deposit is used to issue loans to other people and companies, while in staking you trade Minto tokens for mining power (1 token = 0.01 THs) used to mine BTC. While the tokens are staked, they are used to mine BTC at real mining facilities.

Since staking rewards are paid out daily, and users who wanted to increase the capitalization of their investments have been withdrawing these funds, converting them into BTCMT and staking them again. Some users did it daily, some weekly, and some monthly.

On December 20, 2021, Minto held a listing on MDEX. Almost simultaneously with this significant event, the BKSwap service became available for BTCMT in the BitKeep wallet, which is the recommended wallet for working with Minto DApp.

As a result, the Minto team decided to automate the capitalization of token staking and created the Minto Autofarming service, which does it in an automatic mode. When employed, all daily staking income is converted into BTCMT tokens and sent back to staking, thus increasing the return on investment.

How will profitability change with Minto Autofarming?

As an example, let’s calculate how the staking yield could change if we started capitalizing tokens with Minto Autofarming in Q1 2022.

Income per 1000 BTCMT staked tokens for Q1 2022, provided the daily conversion of BTC to USD at the current exchange rate, amounted to US$307, which corresponds to an APR of 61.4%. Annual Percentage Rate (APR) shows the estimated annual return from staking with simple interest.

Revenue for Q1 2022 with simple interest: $307/1000 BTCMT, APR = 61.4%

Let’s assume that a user converts the received BTC into BTCMT daily and immediately stakes them in addition to the already staked volume. In that case, if you initially own 1000 staked BTCMT, you could accumulate additional 153 BTCMT tokens in Q1.

If daily income increased according to the compound interest formula, then after the first quarter thanks to the growing base it would amount to $486, that is, you’d receive additional $179. In this case, you should use APY to estimate annual profitability. Unlike simple interest, compound interest is calculated daily and its amount is immediately added to the balance. Every day, your account balance grows a little, as does the interest. Thus, the APY would be approximately 97%.

Thus, automatic farming is 1.5 times more profitable than conventional staking, totaling 97% vs. 61.4%, respectively. Note that these figures are valid for Q1 2022. Given the growing complexity of the BTC network and rate fluctuations, profitability may change over time (up or down). However, it is obvious that auto farming with interest capitalization will always be higher in terms of profitability than regular staking.

In addition, automatic farming saves users a lot of time: it’s easier to press a couple of buttons than to do everything manually on a daily basis.

The Minto platform offers its own computing facilities to mine BTC. Owning the company’s tokens (BTCMT) is equivalent to owning the respective mining capacity. By stacking BTCMT, the token holders receive a daily portion of bitcoins proportional to their share in computing power.

The project’s team is a collective of people from Europe spread across the whole world. Minto is founded by entrepreneurs with years of mining experience, with their headquarters located in Dubai, the UAE. Minto notes that the approach used to mine Bitcoin is eco-friendly, as its data-center is powered by a hydroelectric power plant, which complies with the UN Sustainable Development Goals in the field of green energy. Using the energy of water, the plant allows to radically lower the carbon footprint caused by mining.

If you join Minto right now, you can still take advantage of the unique opportunity to buy BTCMT tokens at the best price. Start getting the maximum profits with Autofarming. Stay tuned, new updates are coming soon.

Kanpai Pandas: Bringing luxury experiences to the NFT space 1975

Imagine an NFT project that can bring you once-in-a-lifetime experiences. Front of stage tickets to EDC Las Vegas, booth seats to your favorite football team’s games, private parties with high profile crypto personalities… etc., and access to all these events and more can be yours just by holding a cute tattoo-clad panda.

Introducing Kanpai Pandas, one of the first Omnichain NFT projects in existence. A collection of 10,000 stylistically curated hand-drawn NFTs that roam 7 chains, including Ethereum, BNB, Polygon, AVAX, Fantom, Arbitrum, and Optimism chains (and soon to be 8 ).

Kanpai means “Cheers” in Japanese and reflects the light-hearted jovial nature that the project and community represent. The Kanpai Pandas’ prime objective is to bring REAL utility to its holders by building a solid brand that revolves around amazing real-world experiences and community building.

Kanpai Pandas isn’t only an NFT collection incorporating innovative blockchain technology. Holding a Kanpai Panda gives you a membership pass into an exclusive club that offers access to high-end events such as private parties, sporting events, concerts, and other sought-after entertainment events. Kanpai Pandas is building a family of like-minded people across the globe, creating a network effect where holders can build, collaborate, and learn together in the journey to making NFT history. Kanpai Pandas believe in building a sustainable long-term foundation through providing real-world utility and on-chain innovation.

So, what’s under the hood?

Kanpai Labs, the creator of Kanpai Pandas, built and released the project on LayerZero Labs’ technology. LayerZero Labs is an Omnichain Interoperability Protocol designed for message passing across chains, providing authentic delivery. Layer Zero has been funded by FTX, Binance Labs, Spartan, DeFi Capital, and various other strategic investment groups.

Kanpai Pandas sought to distinguish themselves in the NFT space by providing an art collection that incorporated cutting-edge interoperable blockchain technology. Building on LayerZero Labs technology, Kanpai Panda’s smart contracts became the new “gold standard” of omnichain.

The creator of Kanpai Labs, @DaRealMilkBagz, crafted a team of experts to provide utility to Kanpai Panda holders. Before mint, @DaRealMilkBagz announced three exclusive confirmed events where Kanpai Pandas could attend, details of which will be further explained in future Medium posts, but have already been announced on our Twitter (@KanpaiPandas). Kanpai Labs came out swinging to provide its determination in making Kanpai Pandas a lifestyle brand that provides many perks: exclusive social events, collectibles, comic series, and on-chain game theory (details about these perks will be further outlined in future Medium posts).