Cryptocurrency

Robert Kiyosaki, the renowned businessman and best-selling author of the educational series, ‘Rich Dad Poor Dad’, joins Andrew Maguire, on this week’s episode of Live from the Vault. This week, a precious metals commentary show hosted by the renowned London whistleblower takes viewers through the current economic landscape and explains how everyone can take steps to preserve their wealth.“I save gold and silver. I don’t save dollars.”Kiyosaki speaks on how everyday people are accustomed to spending and saving in centralised, bank-issued fiat currency, commonly referred to as ‘paper money’.“My mom and dad had no idea,” says Kiyosaki. The everyday person can’t necessarily see the difference between “real money and fake money”.He continues, “… they hung on to paper again, their college degrees… People have been conditioned and programmed to take paper instead of the real stuff, which violates Gresham’s law.”Gresham’s law states that when ‘bad money’ enters a system, people hold onto ‘good money’, which sees valuable assets like gold and silver, exit the system.Kiyosaki explains how paper assets, such as Dollars, Pounds or Yen are subject to large-scale currency devaluation due to central bank money printing. He contrasts saving in fiat and paper assets with the ownership of hard assets, such as real estate and precious metals. Kiyosaki comments, “I save gold and silver. I don’t save dollars”, an approach he has taken since his time as an army pilot in Vietnam, which coincided with Nixon’s closing of the gold window in 1971. BRICS Central Bank Gold DemandDiscussing the BRICS nations, Kiyosaki highlights a growing division between the East and the West, with Eastern nations like Russia and China accumulating gold to create a currency backed by the precious metal. The Evolution of MoneyThe conversation concludes with an evaluation of the Kinesis ecosystem; a sustainable and fair monetary alternative, that has already proven its potential in helping users globally counter the impact of a fiat-based economy.Kinesis’ gold and silver-based currencies, KAU and KAG are backed by fully allocated, fully audited gold and silver, which is made universally spendable by card, through leveraging blockchain technology.Kiyosaki voices his enthusiasm about Kinesis’ capacity to easily allocate a portfolio between gold and silver, spend on a debit card – and get paid every month through Kinesis’ innovative yields system. He calls Kinesis a game-changer, deeming it “the evolution of money”.This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.About Kinesis Money Kinesis is an end-to-end monetary system based 1:1 on physical gold and silver. Founded in 2017, Kinesis formed a strategic partnership with Allocated Bullion Exchange with institutional metals exchange trading globally for over a decade.With $10B traded since 2021, Kinesis has driven rapid expansion on a global scale, amassing a client base across 150+ countries.Through robust vaulting infrastructure and innovative financial technology, Kinesis reintroduces gold and silver as money. The platform enables citizens worldwide to protect their wealth outside of the volatility of the traditional banking system. ContactZubair BukhariKinesis Moneyzubair.bukhari@kinesis.moneyThis article was originally published on Chainwire More

CARV, the largest modular data layer for gaming and AI, and Google (NASDAQ:GOOGL) Cloud have joined forces, beginning with an insightful web3 panel discussion incorporating AI to promote user data ownership and ethical development across gaming and other cutting-edge verticals.Kicking off with the “Google x CARV AMA: Data Democracy in Gaming and AI” webinar, both companies embarked on a journey to discuss how CARV’s innovative data layer can work with Google Cloud’s world-class infrastructure and services. As a result, users can benefit from top-tier infrastructure services to process their data, maximizing its value and minimizing costs.When it comes to gaming, “data is, of course, very important to understand the player and whether we can use that data to develop the game further,” said Michael Yung, Strategic Analyst at Google Cloud. But, he added: “It’s not easy to find out whether data is high quality or whether the data source is good or ethical. Using data is one thing but qualitative data is another thing [entirely].”CARV is developing a modular data layer that serves as a middleware between infrastructure providers and upper-layer applications in gaming and AI, thereby tackling data quality and ethics challenges head-on. Further, CARV’s protocol ensures stringent privacy and integrity standards, while Google Cloud provides the secure, high-performance global infrastructure to process user information at scale seamlessly.“We are here to help and I’m pleased to see CARV is our partner,” Yung stated, highlighting Google Cloud’s commitment to enabling innovative and decentralized web3 experiences.For Paul Delio, Chief Business Officer at CARV, the collaboration represents a significant win: “It’s good to know that Google is on the side of empowering users and developers with data,” Delio said. “Together, Google Cloud and CARV are poised to usher in a new era of data value.”The CARV ecosystem already supports over 700 games and AI apps, delivering optimized data and infrastructure solutions to advance web3 across multiple verticals. Now backed by Google Cloud’s platform strengths, as well as collaboration with other top-tier providers like Aethir, users can securely leverage premium cloud capabilities while maintaining data ownership and control.Key discussion points in the webinar, which was also joined by Today and AVALON, included integrating web2 and web3 data to return sovereignty to users for personalized AI experiences, as well as how an open data layer can maximize value for stakeholders like end-users, developers, and gaming companies building on web3.The collaboration’s full scope will be detailed in the coming weeks. To learn more about how Google Cloud is supporting web3, visit https://cloud.google.com/web3. Additionally, for more about CARV’s highly anticipated node sale, set to begin on May 24, 2024, for whitelisted participants and May 28, 2024, for the public, visit https://node.carv.io. About Google CloudGoogle Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.About CARVCARV is the largest modular data layer for gaming, AI, and ∞, revolutionizing how data is used and shared. To pioneer a future where data generates value for all, CARV has built CARV Protocol, the modular data layer integrated with 40+ chain ecosystems, and CARV Play, its flagship gaming and superapp. CARV has more than 2.5 million registered users, 700 integrated games, and is the largest application in Linea, opBNB, zkSync, Ronin and more. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex (NASDAQ:VRTX) Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, HashKey Capital, Infinity Ventures Crypto, MARBELX and more. For more information, visit carv.io.ContactCo-Founder & COOVictor YuCARVmedia@carv.ioThis article was originally published on Chainwire More

Along with other large ETH transactions to the same and other large exchanges, this may be indicative of an approaching sell-off.This whale bought 12,427 ETH on Poloniex at an average price of $11. Now, they are selling 4,153 ETH at $2,984 per coin – that is whopping 27,027.27% growth. The ETH they sent to Coinbase is now worth more than $12 million in fiat.Another old whale moved 614 ETH to Kraken several hours ago. They bought it five years ago at an average price of $195. The ETH they sent to the exchange is evaluated at $1.79 million. This whale still has 1,329 ETH worth almost $4 million in their cryptocurrency wallet.Three different unknown whales shoveled 30,020 ETH; 11,192 ETH and 11,207 ETH to this centralized crypto exchange. The first transaction, however, went to Coinbase Institutional. These Ethereum lumps were evaluated at $86,959,077; $32,273,912 and $32,683,631.Each of these wallets contained 500 Bitcoins evaluated at $30,514,975 and $30,494,084. The whales’ potential profit has increased by an astounding 49,274%.This article was originally published on U.Today More

The dollar fell slightly on the day, relieving some of the pressure on crypto markets.Bitcoin climbed 2.5% in the past 24 hours to $62,639.1 by 08:16 ET (12:16 GMT). Just hours earlier, the world’s largest cryptocurrency was close to breaking below the $60,000 support level.The token sank over 2% in the past seven days, as fears of more U.S. regulatory action against the crypto market further soured sentiment. This was exacerbated by signs of sustained capital outflows from crypto investment products, chiefly spot Bitcoin exchange-traded funds (ETFsThe U.S. dollar, one of the key negative catalysts for Bitcoin and crypto prices in recent weeks, fell slightly on Monday ahead of the consumer price index (CPI) report for April.Producer price index data is due on Tuesday, while the more closely watched consumer price index reading is due on Wednesday.Any signs of sticky inflation are likely to further diminish expectations of early interest rate cuts by the Federal Reserve- a scenario that bodes poorly for crypto markets.Cryptocurrencies tend to thrive in a low-rate, high-liquidity environment, and the prospect of high-for-longer U.S. rates presents the opposite of such a scenario.More comments from Fed officials are also on tap this week, after a slew of officials questioned expectations of early rate cuts.Crypto prices took little support from comments from Presidential candidate Donald Trump, who voiced support for the industry and accused the Biden administration of trying to wipe out the industry. Trump also said that his campaign would accept crypto donations.Bitcoin may experience a panic sell-off if it fails to maintain the $60,000 level in the near future, FxPro trader Alex Kuptsikevich told CoinDesk in a note.Traders are eyeing a rise above $65,000 to shift market sentiment to bullish.Since March, Bitcoin has been fluctuating between $60,000 and $70,000, with the much-anticipated halving event in April not providing the boost many expected, ultimately becoming a ‘sell-the-news’ scenario due to a lack of fresh market catalysts.Recent reports indicate a decline in inflows from ETFs, further contributing to the prevailing bearish mood.Kuptsikevich noted in a recent CoinDesk briefing that the price trend has been marked by a series of lower lows and lower highs, suggesting that investors are likely selling during price rallies.“There is pressure likely related to asset sell-offs by miners and fears of tighter regulation of cryptocurrencies,” Kuptsikevich said, referring to the post-halving decline in mining difficulty.“A failure below $60K could trigger something of a panic sell-off. The positive scenario, in our opinion, will become the main one with a rise above $65K, fixing the price at the 50-day moving average and the reversal area in early May,” he added.Broader cryptocurrency prices witnessed mixed performance on Monday as traders anxiously awaited the latest insights into inflation trends.World no.2 crypto Ethereum added 1% to $2,959.61, while XRP rose 0.4% and Solana fell 0.16%.Memecoins also varied in performance, with Dogecoin marginally down 0.1%. More

The halving, which reduced the reward for mining Bitcoin transactions by half, was expected to strain the mining industry. However, the subsequent “flattish” price action has eased competitive pressures, enabling miners to maintain profitability even as operational costs doubled. This phenomenon has resulted in adjustments in mining dynamics, including a 10% drop in the Bitcoin hash rate, from a seven-day moving average of 638 EH/s to 579 EH/s, leading up to the most recent difficulty adjustments.Hash rate refers to how much revenue a crypto miner can expect to make daily from 1 PH/s or 1 TH/s of hashing power.This decrease in hash rate has also led to longer average block times of roughly 10 minutes and 36 seconds, slightly above the Bitcoin protocol’s target of 10 minutes. The mining difficulty, a measure that ensures new blocks are produced every ten minutes on average, dropped 6% to 83.1 trillion hashes, marking one of the strangest decreases since the crypto winter of December 2022.”Flattish Bitcoin prices are actually beneficial for the incumbent lower-cost miners,” stated Bernstein analysts. “It allows them to consolidate market share and execute aggressive capital expenditure and merger and acquisition plans without the treadmill effect of endlessly increasing outlays just to maintain market position.”Among the top miners, CleanSpark (NASDAQ:CLSK) and Riot Platforms (NASDAQ:RIOT) are noted for operating at best-in-class production costs with strong Bitcoin balances and cash positions. They also expanded their operations, with Riot planning to triple its actual capacity to 31.5 EH/s at a new site in Corsicana. CleanSpark is also acquiring new sites in Mississippi and Wyoming adding up to its 75MW of capacity. Bernstein expects these leading miners to continue their market share consolidation through both organic growth and acquisitions. As such, the report expects that CleanSpark and Riot will ultimately control about 6% of the network by 2025, up from around 4.7% currently. More

He says Bitcoin is the best option now, along with several other assets, to protect oneself from the approaching U.S. dollar crash.BRICS consists of multiple members, starting from its earliest members – Brazil (B), Russia (R), India (I), China (C) and South Africa (S). In January 2024, this list was expanded as the UAE, Egypt, Iran and Ethiopia were also accepted.Robert Kiyosaki tweeted that should the BRICS gold-backed crypto indeed launch, a massive amount of U.S. dollars will start flowing back into the U.S. The “Rich Dad Poor Dad” author calls the U.S. dollar “fake money” in his X message. He believes that this tremendous USD inflow will cause hyperinflation in America and will ultimately destroy the U.S. dollar completely.The financial expert reckons that the only way to protect oneself from the expected U.S. dollar crash is to start buying Bitcoin, gold and silver.Back then, the U.S. government began stimulating the economy by giving away so-called “survival checks” and buying out large banks and businesses. These aims were achieved through printing additional U.S. dollars and injecting them into circulation. In 2020 alone, more than $6 trillion worth of greenbacks were printed. Since then, Kiyosaki has been slamming the U.S. dollar as “fake money.”Since then, the government has been frequently taking to this quantitative easing policy and printing billions of U.S. dollars. The EU and other countries followed suit.This article was originally published on U.Today More

Bunzz is launching AnyAlt Finance. AnyAlt is a DeFi product that combines an on-ramp function with a DEX. In simple terms, it’s a platform where the user can buy any token, regardless of market capitalization, using fiat currency.The AnyAlt Swap Widget solves this issue, easily. The user’s project can implement the AnyAlt Swap UI on its landing page by simply pasting a code snippet. There is no need for any cumbersome application process to use this widget, and the user’s project does not have to pay any fees. The user only needs to paste the code. In other words, the user’s project can potentially boost liquidity at zero cost. Bunzz’s team is optimistic that this will empower all emerging tokens.Those who are interested can apply through this form.If a user wants to buy an emerging token with a low market capitalization, they have to go through a long, tedious, and expensive journey: bank → CEX → wallet → bridge → DEX, with high fees at each step. AnyAlt has found a solution to this pain point.This launch is merely the first chapter in AnyAlt’s roadmap. Bunzz want to contribute to the convergence of traditional finance and decentralized finance that lies ahead.Users who are interested in joining AnyAlt Can contact Bunzz here.About BunzzBunzz is a leading company in Web3×LLM, operating Asia’s largest DApps development infrastructure. We develop and provide various Web3 infrastructures and services aimed at realizing “smart contracts as a public good.”Shareholders: Arriba Studio, Coincheck Labs, DG Daiwa Ventures, gmjp, East Ventures, GMO AI &Web3, GREE Ventures, Hyperithm, Kotaro Tamura, Kazutaka Mori, mint, SPIRAL VENTURES, 01Booster Capital, CeresFor more information: Bunzz Blog | Twitter(X) | Discord | Youtube | Linkedin | LumaBunzz ProjectsThis article was originally published on Chainwire More

The $0.000022 mark is not just another number on the chart; it represents a key psychological and technical level for SHIB. Technical analysis shows that SHIB has tested this level multiple times, making it a significant point of interest for traders and investors. A decisive move away from this level could signal a new phase for SHIB, potentially leading to a robust recovery or, conversely, a deeper retreat.One of the notable aspects of the current market condition for SHIB is the unusually low trading volume. This lack of volume indicates a period of consolidation, with many investors sitting on the sidelines, waiting for a clearer direction in the market.As highlighted in U.today’s previous article, there has been a notable absence of large transactions, or “whale” activities, within the SHIB market. This absence of significant transactions from larger market players could be contributing to the low volume and the current price stagnation. Without the influence of whales, SHIB’s price is less likely to experience the sharp spikes or drops that large transactions typically cause.Looking forward, SHIB’s position at this critical support level, combined with its low volume, sets the stage for a potentially volatile breakout. If market conditions change, such as an increase in trading volume or return of whale activities, SHIB could quickly move beyond this level.The 100 EMA is often considered a benchmark for determining the long-term market sentiment. For Solana, touching this EMA is crucial as it represents a potential turning point where the market could either affirm its confidence in the asset, leading to a price reversal, or continue the downward trend if the level fails to hold. Historically, the 100 EMA has served as a resilient support for many assets, providing a psychological comfort zone for investors.One of the notable trends accompanying Solana’s approach to the 100 EMA is the descending trading volume. This reduction in volume can be interpreted in several ways. On one hand, it might indicate a lack of selling pressure at lower prices, which could be positive for a potential recovery. On the other hand, low volume can also suggest a lack of interest in buying the asset, which might not bode well if the price attempts to rebound.Currently positioned below the 50 EMA, Solana shows a bearish trend we cannot ignore. This positioning beneath a significant short-term moving average could deter some traders, particularly those who rely on these averages as part of their trading strategies. The 50 EMA acts as a dynamic resistance level, and staying below it might push Solana to test further support levels, adding to the bearish sentiment around the asset.The trendline in question has consistently acted as a barrier for Bitcoin, reflecting points where selling pressure intensifies. This resistance has turned into a critical point that we should watch, as a break above could signal a bullish market reversal, while failure to surpass could see continued bearish trends.The current trajectory of Bitcoin under this strong trendline resistance showcases a market that is grappling with multiple factors. These elements contribute to the hesitation among investors to initiate strong buying actions at higher prices, maintaining the price below the $62,000 mark.This article was originally published on U.Today More