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    Coinbase Accidentally Adds $181,000,000 in Shiba Inu to the Wallet of This NASCAR Driver – He Wants None of It

    By
    ljondov
    -

    A popular NASCAR driver woke up to an unexpected sum of Shiba Inu (SHIB) in his Coinbase account but has promptly decided to return the valuable memecoins to the crypto exchange.

    NASCAR driver Keith McGee is the first Alaskan to start a NASCAR race and the first disabled veteran in the history of NASCAR.ADVERTISEMENT 

    McGee is a part-time driver reliant on sponsorship funding. On Wednesday, he announced that he was unable to secure funding to participate in the upcoming NASCAR Camping World Truck Series finale at Phoenix Raceway.

    “Sadly, I was unable to secure funding for the one race I have been looking forward to the most all season. With that, my 2021 season has come to an end. Thank you to all the partners that helped me reach many goals this year. Time to start working on 2022.”

    McGee woke up Thursday morning to $181 million in SHIB in his Coinbase account. However, McGee wanted nothing to do with the surprise money.

    “Hey Coinbase, I woke up to having $181 million extra dollars in my account that doesn’t belong to me, and I would like to return it”

    Image
    Source: Keith McGee/Twitter

    Shiba Inu (SHIB) has skyrocketed since the beginning of October, capturing many traders’ attention throughout the cryptocurrency space. At time of writing, SHIB is boasting over a $40 billion market cap according to CoinGecko, up over 1,000% from its $3.62 billion market cap on the first day of October.

    This One Factor Is Contributing to a Bitcoin Rally – And It Has Not Abated, According to Crypto Exchange Kraken

    By
    ljondov
    -

    Cryptocurrency exchange Kraken is revealing one factor that could be responsible for powering Bitcoin’s (BTC) rally over the month of October.

    In a new report, Kraken says that a supply shock trend, which shows no signs of slowing, might be one of the drivers behind Bitcoin’s rally this month.ADVERTISEMENT 

    “BTC has been priming itself for a supply shock thanks to further accumulation by long-term holders. This accumulation may be a driver for BTC’s recent move past $60,000. The latest on-chain data indicates that this supply shock trend is growing.”

    Kraken says it is keeping an eye on the HODL waves metric, which shows the percentage of BTC supply that has remained dormant over a specific period. According to the report, long-term holders continue to accumulate Bitcoin despite its strength this month.

    “Since May 24th, young coins have been maturing into the long-term holdings category at a rapid rate. During the nearly five-month period, old coins grew 10.9 percentage points to 51.6%, while young coins fell -11.8 percentage points to 25.49%, the lowest figure since November 2018 when BTC was worth roughly $5,700. In the last month, young coins ticked down another -1.57 percentage points, while old coins grew +1.48 percentage points. This tells us that long-term holders, who own most coins, continue to accumulate supply.

    For this reason, the immediately marketable supply continues to dwindle – hence our observation that BTC may be experiencing a supply shock.”

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    According to Kraken, Bitcoin miners are also partly responsible for the supply shock.

    “The largest public BTC mining firms in North America, including Riot, Marathon, Bitfarms, Hut8, Greenidge, Argo, and HIVE, have publicly reported that they are holding 20,459 [BTC} (~$1.25B), including 4,812 [BTC] (~$293M) of Marathon that it bought from the secondary market earlier this year...

    Needless to say, mining pools are aligned with long-term holders in their bullish sentiment and represent a further contribution to BTC’s latest supply shock.”

    The cryptocurrency exchange also says that a consensus is developing among market observers that long-term holders of Bitcoin expect the flagship crypto asset to go up as 2022 approaches.

    “Despite BTC falling more than -15% in September and surging through October, long-term holders continued accumulating. Such leaves market observers to believe that long-term holders see further upside heading into a new year.”

    You can read the full report here.

    WATERPROOF, FISHING SwellPro DRONE

    By
    ljondov
    -
    • SwellPro Fisherman is a simplified yet enhanced version of SplashDrone 3+.
    • Import duty & tax included for the United States.
    • Please check “In the box” for the difference between the two versions before purchasing.
    • See the difference between SplashDrone 4, SplashDrone 3+ & SwellPro Fisherman

    BUY HERE

    SwellPro Fisherman is a simplified yet enhanced version of SplashDrone 3+.It uses the same technology of SplashDrone 3+ but removed all the bells and whistles that don’t contribute to bait dropping. With a stronger propulsion system, SwellPro Fisherman enables higher bait lit capacity, longer flight time and better wind resistance than SplashDrone 3+. Fly more baits further out and reel more fish in less hours.

    2KG bait capacity

    IP67 seawater proof

    1.6KM casting range

    30 min flight time

    14.5 m/s wind resistance

    Drone trolling2kg Bait CapacityWith its superior 2kg payload capacity, the SwellPro Fisherman gives you the flexibility to carry more than 10 baited hooks or lures on each cast or drop heavy live baits for sharks or tuna.

    Payload release optionsThe SwellPro Fisherman offers two optional electric payload release mechanisms.Remotely and precisely drop baits at the target location with push-button convenience.

    PL1-FMechanical payload release without camera for simple casting.

    PL2-FPayload release with an angle-adjustable camera for real-time vision.With the optional FPV goggles, you can view live HD video from the PL2-F to easily scout where the fish are. The camera’s wide dynamic range maximize details in sun-glare.Sky-TrollingYou don’t need to drive a boat to troll for fish. With the Swellpro Fisherman you can troll your line to attract pelagic fish. The optional TrollSafe release device can automatically release the line when you get a strike. Adjust the release to suit the conditions. TrollSafe can also protect your drone in case of a reel jam or a bird striking your line.

    Trollsafe release device (optional)The Trollsafe can be directly mounted on to the Swellpro Fisherman or used in conjunction with PL1-F and PL2-F.IP67 seawater proofThe fuselage of the SwellPro Fisherman is made from industrial-grade ABS and is 100% water-sealed and pressure-tested.Both the external waterproof motors and internal electronics are coated for further corrosion-resistance. No more tragedy of DJI-fishing-gone-wrong.

    Go against the windThe new propulsion system and flight computer are tuned to maximized control responsiveness and allow the Fisherman to fly in winds up to Beaufort Force 7.Beaufort force7Wind speed28–33 knots32–38 mph50–61 km/h13.9–17.1 m/s

    Multi-cast per chargeA new 6700mAh/4S high-voltage lithium battery provides up to 33 minutes of flight time (without bait), allowing up to 6 bait drop missions from a single battery charge (distance dependent).

    1.6 km casting rangeThe new remote controller supports control distances of up to 1600m.You will probably run out of line before your run out of range with your SwellPro Fisherman.

    Simplified remote controllerThe new dust-proof and splash-proof remote controller keeps flying simple.The integrated high-brightness 3-inch digital display provides critical flight information so you don’t need a phone or tablet to fly your baits.Even no vices can learn how to fly the SwellPro Fisherman in just a few minutes.Fly safe

    Intelligent return homeAfter dropping your baits, simply flick the Return-home switch on the remote and the SwellPro Fisherman will fly itself back to its take-off point and gently land automatically so you can focus on reeling the fish in!New interference-resistant GPS & altimeter designThe new elevated GPS and altimeter pod provides more precise position and altitude control against interference. The new pod also makes sure the compass always “go north” in unusual magnetic fields.

    Anti-Pendulum FeatureDrones may have a pendulum motion when flying with a payload. This feature can reduce the pendulum effect on the Fisherman by controlling the acceleration and de-acceleration.

    Failsafe ReturnIn case of loss of signal, or when the battery level reaches a low threshold, the Fisherman drone will automatically release the fishing line and return to its starting point.GL1 FPV Goggles (optional)The optional Swellpro FPV goggles can be used as a display screen or on-face goggles to ensure a clear live view from the fisherman even in bright sunlight.

    Swellpro Fishing Drone

    Fly your baits out, reel the fish in. Simple!

    Crypto Has ‘An Awful Lot of Promise’ and Bitcoin Is ‘Mathematically Pure’: Apple Co-Founder Steve Wozniak

    By
    ljondov
    -

    Apple co-founder Steve Wozniak thinks Bitcoin represents “mathematical purity.”

    The legendary tech innovator says in a new interview with Yahoo! Finance that the US dollar isn’t fixed because the government can just print more money and continue borrowing.ADVERTISEMENT 

    Bitcoin, by contrast, can’t change its circulation, Wozniak explains.

    “Bitcoin isn’t run by some company. It’s just mathematically pure, and I believe nature over humans always.” 

    The Apple co-founder thinks the crypto sector has an “awful lot of promise” and the potential to change business practices and other elements of society, even elections.

    However, he doubts governments will let crypto get too powerful.

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    “I love it when people like [Twitter CEO] Jack Dorsey talk [about] how crypto should be the heart of our business dealings. The trouble is, the government will never allow it to be out of their control. If it got to the point that everything was being done with crypto and it didn’t pass through governments for observation and taxation and all of that, governments would just disallow it. They wouldn’t give up their power. That’s where the heart of a lot of the power comes from – the US dollar.”

    Wozniak also says he does find the anonymity of the crypto sector a bit troubling.

    “Crypto just has a little bit of anonymity, and I don’t know if that’s right… I think that everything that you do in life you should be able to stand up and say, ‘Well this is me doing this transaction.’ And [with] crypto, it’s hard to trace back to who’s doing what. It’s possible though.”

    Wozniak recently co-founded Efforce, a Malta-based blockchain company that aims to be the first decentralized and borderless platform allowing anyone to participate in and fund innovations in green technology through cryptocurrency and blockchain technology. The company’s native token is WOZX.Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

    Here Are the Top Crypto Assets To Own As New Month Arrives, According to Crypto Trader Lark Davis

    By
    ljondov
    -

    Popular crypto trader Lark Davis is naming five altcoins that he thinks can print huge gains amid sustained fundamental developments.

    Davis tells his 448,000 YouTube subscribers that he’s looking at EGLD, the native asset for the high throughput blockchain project Elrond. The analyst cites the news that Elrond’s Maiar decentralized exchange (DEX) is launching next month.ADVERTISEMENT 

    “Elrond is basically Ethereum 2.0. But now, its got all the beautiful technology, and this is a coin that has been just continuing to get attention and grow community, and they are on the verge of launching their technology into the wild and actually having a DeFi (decentralized finance) ecosystem and a token ecosystem and launch pads and all that stuff starting.”

    According to Davis, the Maiar DEX signals the beginning of a good DeFi ecosystem for Elrond.

    Next on Davis’ list is DOT, the native token for the interoperable blockchain Polkadot. The trader points to the fact that Polkadot’s parachain auctions are scheduled to start on November 11th.

    “We’re going to see a lot of money flowing into these parachain auctions.”

    The parachain auctions allow participants to place bids on a project they wish to support in order to secure one of Polkadot’s limited number of parachain slots.

    Davis is also keeping a close watch on MOVR, the utility token of smart contract protocol Moon River Network. The analyst says there’s an “incredibly big community” behind the project.

    He also notes that automated market maker SushiSwap is about to be integrated with Moonriver.

    “We’re starting to see a lot of DeFi protocols and stuff like that come on board to Moonriver. So this is basically Ethereum, but on Kusama…. except that it’s not even at a $1 billion market cap yet. Think about how crazy that is.”ADVERTISEMENT 

    Next on Davis’ list is WILD, the native token for Wilder World, a decentralized metaverse project built on Ethereum (ETH).

    Says the trader,

    “This thing, I’m telling you – it’s going to have a $1 billion market cap… potentially a multi-billion dollar market cap coin when you actually look into the graphics and the metaverse and what’s being built here. It is very nice looking.”

    The last coin on the trader’s radar is LUNA, the native token for the smart contract platform Terra. The analyst predicts LUNA will surge to more than $100, citing reports that more than 160 projects will launch on Terra in the near future.

    Bitcoin Bull Market Could Go On for Another Year, According to On-Chain Analyst Willy Woo

    By
    ljondov
    -

    Popular on-chain analyst Willy Woo says that recent Bitcoin (BTC) accumulation trends mean the crypto bull run could last for another year.

    In a new interview with Preston Pysh on Bitcoin Fundamentals, Woo says that long-term BTC holders are much wealthier than in previous bull cycles, which bodes well for the king crypto moving forward.ADVERTISEMENT 

    The analyst says that a new breed of high-net-worth investors holding over the long term is putting significant buying pressure on Bitcoin.

    “From the fourth quarter of last year, we saw effectively the last generation of those long-term holders start to sell down. And these new guys came in to buy. They were high-net-worth purchasers. They were family offices, high-net-worth individuals that were buying significant [amounts], like $1 million exposure at a time. So they weren’t retail, and they were buying and buying and buying.”

    Woo says that the new wave of Bitcoin investors are now considered long-term holders, and they will provide the momentum necessary to push BTC past the $100,000 mark.

    “We’re at that point now where all the new guys that bought in during the first half of this year, they’re now long-term holders and they’re at peak. They’re providing the lock-up that’s necessary to drive us into the six-figure [level].”

    The analyst says that what he’s seeing on-chain points toward an extended cycle with potentially another year left to go.

    “I’m pretty certain that we’re going to go past six figures in Bitcoin in the next six months. It’s what, another 50% climb? I think we’re gonna do that almost certainly over the next six months. Probably much sooner, could be in a month or two, or a week or two the way things are going.

    This is a high-reliability metric, so we are in for a bull run for the next six months or even longer. It could go [on] for another year.

    So it’s a very good time to be accumulating. We’re just coming out of this re-accumulation phase, we can see that on-chain very clearly, as we did this dip, it was an accumulation, it was not a bear market.

    DJ RobiX feat. Kristijan – Karmin od plamena 〚Official Video〛

    By
    ljondov
    -

    Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

    By
    ljondov
    -

    Four emerging altcoins are on a tear after surging 101% or more within one week as Bitcoin (BTC) and the crypto markets ignite.

    One of the high-flying coins as of late is meme cryptocurrency and Dogecoin (DOGE) competitor Shiba Inu (SHIB).ADVERTISEMENT 

    The altcoin skyrocketed from a low of $0.000006 to a high of $0.00002, marking gains of over 233% in just seven days.

    Even after a big rally, SHIB has yet to reclaim its all-time high of $0.000037.

    Another top-performing altcoin this week is Spell Token (SPELL), the governance and utility asset of decentralized finance protocol Abracadabra Money.

    The crypto asset soared from a seven-day low of $0.0032 to a new all-time high of $0.0089 at time of writing, according to CoinGecko. The move represents gains of over 178% in just one week.

    Next up is Secret (SCRT), the native asset of privacy-focused smart contract platform Secret Network. CoinGecko shows that SCRT rallied over 125% from a seven-day low of $1.81 to a high of $4.11.

    The coin has given up some of its gains since and is trading at $3.48 at time of writing.

    The fourth altcoin on the up and up is OMG Network (OMG), a layer-2 scaling solution for Ethereum (ETH). The emerging altcoin rose from a low of $8.95 to a high of $17.88 to mark gains of 101% in just one week.

    Although OMG has more than doubled its value in a week, it is still down from its all-time high of $25.62 in January of 2018. OMG is currently trading at $14.81, according to CoinGecko.

    JPMorgan CEO Jamie Dimon Doubles Down on Bitcoin Criticism, Says BTC Has No Intrinsic Value

    By
    ljondov
    -
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    JPMorgan Chase chairman and CEO Jamie Dimon is voicing skepticism about the future of Bitcoin (BTC).

    In an interview with Axios on HBO, Dimon says that the flagship cryptocurrency lacks “intrinsic value” and will not escape regulation.ADVERTISEMENT 

    “It’s got no intrinsic value. And regulators are going to regulate the hell out of it.

    If people are using it for tax avoidance and sex trafficking and ransomware, it’s going to be regulated, whether you like it or not. So it’s not a moral statement. It’s a factual statement.”

    The financial powerhouse CEO’s latest statement on Bitcoin echoes what he said in an interview with the Times of India last month.

    “I don’t really care about Bitcoin. I think people waste too much time and breath on it. But it is going to be regulated. Governments regulate just about everything. I don’t know if it’s an asset. I don’t know if it’s foreign exchange. I don’t know if it’s a currency.

    I don’t know if it’s the securities laws, but they’re going to do it. And that will constrain it to some extent. But whether it eliminates it, I have no idea and I don’t personally care. I am not a buyer of Bitcoin.”

    Dimon also said it’s unwise to use borrowed funds to purchase Bitcoin, though he acknowledged that the potential of making extraordinary profits exists.

    “I think if you borrow money to buy Bitcoin, you’re a fool. That does not mean it can’t go 10 times in price in the next five years. But I don’t care about that.”Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

    The Moving Average

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    ljondov
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    Are You Ready For This???

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    “Because you can't argue with all the fools in the world. It's easier to let them have their way, then trick them when they're not paying attention.” ― Christopher Paolini

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