Crypto and the Microsoft mastermind: Is Bill Gates invested in Bitcoin? - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
Image: cyptoranking.com

Some deviations have been from this upward trajectory, like during the 2021 bull run, where these investors participated in some profit-taking. However, such deviations have only been temporary as the whales have eventually resumed their accumulation. Source / Sam Cooling x Olimpov ArtAs leading Gamefi project Gala Games (GALA) continues to tumble in the fallout of a major legal dispute between co-founders Eric Schiermeyer and Wright Thurston - with the future of GALA at risk, bag-holders are asking 'is GALA going to zero'?This comes amid allegations of theft amounting to $130 million in Gala tokens and corporate mismanagement by Thurston, alongside his investment firm True North United InvestmentsWhile Thurston's counter-claim alleges Schiermeyer lent Gala's funds to himself for personal use, and even purportedly created Gala-related entities in Switzerland and Dubai, positioning himself as the controlling shareholder to pursue his own business interests.Yet, despite the dramatic legal dispute, there are signs of life in the GALA ecosystem as top game developer, Peter Molyneux, announced a launch date for a new GameFi business simulator in conjunction with Gala Games.The blockchain-based ‘Legacy’ title will launch on October 26, and feature Land NFTS and in-game earning mechanisms.GALA Price Analysis: Can Legacy Launch Save Gala Games from Going to Zero?As price action enters localised retracement, Gala Games is currently trading at a market price of $0.014 (representing a 24-hour change of +0.69%).This comes following a brief recovery by GALA following a break back above the 20DMA on September 29, in a +23% move that saw GALA recover almost a month of lost value.TradingView / GALA USDTPrice action is now fighting to consolidate above the 20DMA at the $0.0145 level.Meanwhile, the 200DMA remains descendant but high up at $0.0267 - a level untouched for 154 days since May 5.Despite the impressive upside recovery, the RSI has remained at low bullish divergence - indicating the potential for a strong rally from the potential foothold of support developing above the 20DMA.While the MACD has also flipped to a bullish signal at 0.00031 - signalling the appetite and buy pressure at this level is strong.Overall then, Gala Games faces an interesting duality here - with technical structure appearing incredibly poised for a break-out rally, but trading against a background of significant risk stemming from the founder's legal dispute.TradingView / GALA USDTTo the upside, a bounce here would target higher support at $0.02 (a potential +37.65%).While downside risk remains significant, with a potential tumble back down to lower trendline support at $0.012 (a possible -17.4%).This leaves Gala Games with a risk: reward of 2.16 - a strong entry with upside potential, but risking serious downside stemming from the founders legal dispute.But while GameFi enthusiasts are balancing the potentially catastrophic legal battle against a moderate +37.65% gain, smart money are betting big on an emerging meme coin project aiming to capitalize on inter-community tribalism.Meet Meme Kombat: Community Battles Meme Coin Races to +$350k RaisedSource / Meme KombatMeet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there's no shortage of action, and Season 2 is already on the horizon for December 2023.The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable - every battle is a new experience, ensuring players stay engaged.Meme Kombat Aims to Revolutionize GameFi with Gamified Staking RewardsThe project isn't just about excitement; it's built on a foundation of trust - Meme Kombat's commitment to transparency is evident through initiatives like the impending security audit of their smart contract.The findings of this audit will soon be public, a move that many projects shy away from.The founder and project lead, Matt Whiteman, isn't an unknown entity in the crypto space.His experience spanning two decades in process design, combined with his position as the COO of North Technologies, adds credibility to Meme Kombat.When so many projects hide behind the veil of anonymity, Whiteman's open profile and the project's physical address in Amsterdam offer an extra layer of trustworthiness.Source / Meme KombatThe tokenomics of Meme Kombat is also an appealing factor for potential investors - Stake the Meme Kombat ($MK) token, priced attractively at $1.667, and dive into a rewarding ecosystem.With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena - this dual functionality – earning while gaming – sets Meme Kombat apart.Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss - so, don't be left behind (stay tuned with the MK Telegram).Embrace the future of meme-based gaming and betting with Meme Kombat.Buy Meme Kombat HereDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.NiceHash Review 2023 Crypto and the Microsoft mastermind: Is Bill Gates invested in Bitcoin?Bitmain, the world's leading manufacturer of Bitcoin mining machines, has surprisingly announced that it has suspended some of its employees' September salaries due to a lack of positive cash flow. ValeVerse is intended to be Valentino Rossi’s new metaverse on The Sandbox that offers new immersive Web3 experiences for motorsports fans as well as the launch of digital collectibles.

Exchange Rankings Crypto
Image: cyptoranking.com

Tepid response to ether futures ETFs Friend.tech clone Stars Arena drives surge of activity on Avalanche How Big Is the Derivatives Market?🚨 Nov 17 is the new deadline for a US Government shutdown. Why is it positive for #Bitcoin ?– Safe haven asset: Investors may turn to #BTC as a hedge against economic uncertainty and inflation during a shutdown.– Reduced Regulation: With government agencies temporarily… pic.twitter.com/at7pLAPfCm Ukraine’s Bottom-up Approach

Given their shared server connections, Yyctrader admitted to making the initial mistake of engaging with the individual. He noted that another person posing as a colleague from the same organization scheduled a Discord call with him. Recent Updates: Memecoin Roundup Q3 2023 My Proposal for a U.S. Central Bank Digital Currency“I definitely think [stablecoins and CBDCs] can coexist next to each other. I think it’s a great way to get some institutions into this market, and I think we should definitely allow private stable coins to remain in existence, so that you can provide optionality.” Paper hands are the investors who quickly sell their assets and quit the market when a risk factor comes in. These people are less tolerant to risk factors and usually do not wait for a better chance.

However, Crypto Capital Venture founder Dan Gambardello highlighted diminishing Bitcoin dominance as an unfavorable macro sign. At around 51%, BTC dominance is much lower than the 70% level in the same period last cycle. I think we [the Web3 industry] have that ahead of us for the next few years. Things move really fast in our ecosystem and there will be many astonishing new waves of innovation. But I don’t think we’re going to see any more crazy irrational exuberance in the short-term. Not unless the U.S. Securities and Exchange Commission (SEC) decides to green light a bunch of Bitcoin and Ethereum exchange traded funds (ETF) right at the same time. Bitcoin 'Flash Rally' Briefly Pushed BTC Derivatives Above $56K on BitfinexIn an effort to raise awareness and prevent others from falling victim to similar scams, Yyctrader recounted the sequence of events that led to his unfortunate predicament. He revealed that the scam began when he was approached by an individual claiming to represent FriendMEX, the trading platform for friend.tech users. These two technical levels, which currently strongly influence the ADA price, indicate the formation of a descending triangle pattern. Until the two levels of the triangle are intact, the ADA coin price may witness a sideways trajectory.

Have an opinion on this story? Share it!