Cryptostreet

IOTA's Chrysalis network went live yesterday.  The IOTA scene is celebrating Chrysalis as a big step.  But what is in the update? With the Chrysalis upgrade yesterday, a "new age" is dawning for IOTA,  writes the IOTA Foundation .   The cryptocurrency made in Germany is now “ready for use” as a “base layer for the economy of machines, the Internet of Things” and more.  With the upgrade, IOTA "leaves the phase of experiments" and enters "an ecosystem that is ready for companies and open to real applications." The IOTA Foundation is apparently convinced to present a milestone with Chrysalis.  But what exactly happened - and what does the Chrysalis upgrade introduce? It is actually the largest upgrade in IOTA's history.  However, anyone who expects the central coordinator to finally switch off, through which IOTA is effectively a centralized financial service provider like PayPal, will be disappointed.  The "Coo" is still there, and Chrysali...

Elon Musk and Dogecoin are inseparable.  Once again, a tweet from the Tesla boss was enough to ring in the next round of the rally. The Dogecoin fan crowd had to wait for the next tweet from Elon Musk for twelve excruciatingly long days.  Today the Tesla boss found a few warm words about his favorite coin and immediately started the DOGE rally, which had stalled for a short time.  The self-proclaimed “Imperator of Mars” has never made the greatest effort with his DOGE tweets.  But the  latest copy takes  its laconic handwriting to extremes: Probably based on Coppola's masterpiece “Godfather”, this time he broke his tweet down to “The Dogefather ”.  The addition “SNL May 8” refers to his planned appearance on the US comedy show Saturday Night Live, which has already brought him some criticism on the social channels for his rude treatment of unions.  What exactly he wants to express with “The Dogefather” remains his secret.  In fact, you could ...

Gemini, the crypto exchange and custodian founded by the Winklevoss brothers, has teamed up with Mastercard to launch a new crypto credit card this summer. Mastercard Inc. and the US cryptocurrency exchange Gemini will launch the first credit card this year to offer users digital currencies as a “reward” for their purchases, thereby deepening the commitment of major payment companies in the emerging asset class. "As consumers spend their spend at various points of acceptance, they now have the opportunity to receive a reward in the form of cryptocurrencies," said Raj Dhamodharan, head of digital assets and blockchain products and partnerships at Mastercard. Starting in the summer, card users could receive up to 3% in Bitcoin or other cryptocurrencies on their purchases.  The digital currency is deposited into the cardholder's Gemini account.  Utah-based digital lender WebBank will issue the card in the United States. Payment giants from Mastercard and Visa Inc. to PayPal ...

Sean Culkin, a tight end for the Kansas City Chiefs in the NFL, will have his 2021 salary in Bitcoin. Kansas City Chiefs player Sean Culkin is the first National Football League athlete whose entire annual salary is paid in bitcoin.  Offensive tackle Russell Okung, who famously followed his “I'm getting paid in Bitcoin” statement, is still receiving half of his $ 13 million salaries in fiat. Culkin himself made the announcement via Twitter, claiming that he “wholeheartedly” believes that the largest cryptocurrency is the future of finance. Culkin will be stacking bi-weekly sats via Zap's Strike, the same fiat-to-bitcoin salary conversion service that Okung uses.  The Chiefs are aware of Culkin's deal, but his reserve contract is still in dollars.  Culkin said: “Given my career - especially the physical demands and the shortness of time - it makes the most sense to be paid in healthy money that I believe will protect its purchasing power over time.  From a macro persp...

The ICON Blockchain has a wide variety of DeFi platforms to choose from.  Now the Balanced project has entered into a strategic partnership with CMS Holdings and FBG Capital, as well as the lead engineers at Band Protocol. Balanced announces partnership on ICON blockchain Balanced announces the strategic partnership on Twitter.  Above all, the growth of the platform and the   ICON  blockchain should be supported. Balanced said on Twitter: Balanced's primary audience is the ICON community, so the first step in the adoption strategy is to get ICON owners to use the application.  The second step is to reach the rest of the crypto room.  Today we're excited to announce a strategic partnership that will help Balanced continue to grow. CMS Holding and FBG Capital Many different options are created for the ICON blockchain and the balanced platform.  Because CMS Holding and FBG Capital have already participated in various blockchain projects.  These inclu...

The whole  crypto market  has been falling for a few days.  The Bitcoin price is below the $ 50,000 mark with a target of around $ 34,773.  But what does the complete crypto market look like?  Will the Bitcoin course or other Altcoins perform better? Total crypto market capitalization at a glance The market capitalization has formed an ABC sequence.  This had the initial target at +/- $ 2.091 trillion.  The course then rose further than the target but was then corrected.  We would have expected the price to react upwards sooner, but the price continued to decline until the next GoldenPocket. Since the course has been corrected up to the drawn-in GoldenPocket, a new possible ABC sequence has been created.  The sequence targets +/- $ 2.669 trillion and +/- $ 3.301B - $ 3.689B.  Since the first target is +/- $ 2.669B, we would not completely ignore the target from the lean ABC sequence and assume another correction beforehand.  Target ...

After another massive price slump, some investors wonder whether the hype about Dogecoin is over. Dogecoin continues to slide.  The Memecoin also lost over 11 percent today compared to yesterday's trading day.  While much of the Doge community on  Reddit  is taking free fall with humor, some are beginning to feel a sense of unease.  For example, some users ask on Twitter whether Dogecoin might even be the new Wirecard. Although the two cases are rather difficult to compare with each other, the question still remains whether the hype about Dogecoin has slowly evaporated.  This assumption at least suggests  Google Trends .  After Doge exploded to a new all-time high a week ago, search queries rose dramatically, especially in the United States.  At times, people searched for the meme currency more often than for the cryptocurrency bitcoin.  After the ATH, however, the interest in Dogecoin sank and only recorded increased search activity on ...

The Turkey-based stock exchange Thodex has carried out an exit scam.  In this scam, the founder of the exchange disappeared with a fortune of $ 2 billion in digital currencies.  Users no longer have access to the exchange and can no longer trade on it.  The Turkish public prosecutor is investigating the case. Thodex Exit Scam The Turkey-based crypto exchange Thodex enjoyed an increasing number of customers last month.  Until a few days ago, the Exchange had almost 400,000 customers.  This success did not seem to be enough for the founder of the stock exchange, Fatih Özer. When accessing the corresponding Thodex website, it is no longer possible for customers to access the dashboard and trade on it.  In the exit scam of the stock exchange, the CEO was able to steal almost $ 2 billion from around 391,000 active users. In a release, Özer announced that trading on the platform would be suspended for 4-5 days in order to integrate an external peer-to-peer crypto...