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🚀 Some say ETH is the future of furniture 🪑
🚀 Some say ETH is the future of furniture 🪑
| Happy Tuesday, Geckos!
According to Glassnode, a blockchain market analysis firm, Bitcoin's (BTC) correction is historically significant.
Although this is BTC's biggest correction for this bull market (28% from its 63.6k all-time-high), it is consistent with 5 major pullbacks during 2017's bull run.
The company's on-chain analysis also suggests that newer investors are 'panic-selling' while big investors are 'largely unshaken.'
In today's news, scamming cases are booming, people buy the wrong ETH, and an animated series is being developed on the blockchain.
Read on! | | | | |
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Offering futures, spot and P2P trading, it provides a highly secure, deeply liquid and ultra-low latency trading environment; and a meeting point between crypto and global finance.
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Join now | | 'Elon' Scammers are Growing According to the United States Federal Trade Commission, scam cases spiked from October 2020 onwards, with nearly 7,000 cases and over $80 million lost to scammers.
Often, these scammers will pose as celebrities/crypto influencers and falsely promise to multiply cryptocurrency deposits sent to their wallets.
Notably, $5 million worth of Dogecoin (DOGE) was stolen through this technique on May 8 during Elon Musk's appearance on the Saturday Night Live Show.
(Editor's note: If it sounds too good to be true, it usually is Geckos. Trade safe!)
Cointelegraph | | Wen ETH Furniture? Ethereum (real ETH) has been offering great returns overall ... even on the New York Stock Exchange (NYSE).
However, you should know that ETH on the NYSE stands for Ethan Allen Interiors (older ETH), an 89-year-old American furniture retailer.
The stock price is up by 50% since the start of 2021, with some market indicators suggesting that people are mistakenly buying older ETH instead of real ETH.
Decrypt | | Blockchain Shows are Coming Dan Harmon, co-creator of Rick and Morty, will be teaming up with Fox Broadcasting company to develop Krapopolis, the 'first-ever animated series curated entirely on the Blockchain.'
The comedy series is based on Greek mythology and focused on a 'flawed family of humans, gods, and monsters that tries to run one of the world's first cities without killing each other.'
Although the show's content is not crypto-oriented, it will be launched with a dedicated marketplace for Krapopolis-related NFTs.
Cointelegraph |
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| | Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors. Ponzi schemes usually come with the promise of high returns and little risk, while requiring members to actively recruit more members to join the scheme. Once recruitment stops the schemes usually go bust as they run out of funds to pay existing members. Learn about other Crypto terms here | | | CoinGecko's Monthly Virtual Meetup is back!
The Binance Smart Chain (BSC) has recently taken the crypto space by storm and is now booming with lots of activity. Users can swap tokens, enter decentralized money markets, and even get their hands on some cute NFTs!
Join us as we take a deep dive into the Binance Smart Chain ecosystem with Leo Cheng (Co-founder & Project Lead at C.R.E.A.M. Finance), Nicholas Chan (Co-founder of Refinable), and Calvin Chu (Impossible Finance).
Make sure you stick around after our discussion for some awesome music from DAO Records! It's going to be a fun afterparty with DJ's Hedonism, Netunoblu, and Nullzero! | | | | | | | |
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