Imperial project

Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency.

In the case of Bitcoin (BTC), someone can be considered a whale if they hold over 1,000 BTC, and there are less than 2,500 of them out there. As Bitcoin addresses are pseudonymous, it is ofte difficult to ascertain who owns any wallet

Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.

In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%. The firm reported curtailing operations “due to extreme temperatures at multiple data centers,” but also increased the number of its self-mining servers and hashrate by 6%, to 109,000 and 10.9 exahashes per second (EH/s), respectively.

(Bloomberg) -- Digital currency platform Crypto.com unveiled acquisitions in South Korea, pushing ahead with expansion in a bet that digital-asset markets will recover from this year’s rout.

The company said Monday it had acquired South Korean payment service provider PnLink Co. and virtual-asset exchange OK-BIT Co., securing registrations under the nation’s Electronic Financial Transaction Act and as a virtual-asset service provider.

The statement didn’t disclose the size of the deals or whether Singapore-based Crypto.com faces any other hurdles to be able to offer a full suite of services in South Korea.

“We’re trying to be able to bring some of our offerings to the Korean market, and also work with partners here that are at the forefront of gaming and entertainment,” Chief Operating Officer Eric Anziani said in an interview.

South Korea is prized by digital-asset firms because of comparatively high levels of crypto adoption. But retail-investor faith in the sector was badly shaken by the $40 billion wipeout in the Terraform Labs ecosystem, including the unraveling of the TerraUSD stablecoin.

Yield Guild Games has successfully reached the one year milestone, and the Play to Earn (P2E) gaming guild is already looking ahead to how it can make its next year even better. To mark the occasion, the company shared a blog post in which the team discussed their future plans.

In the release, Yield Guild Games (YGG) highlighted its journey from being a small community based around Axie Infinity, to becoming settlers in the metaverse.

YGG took the opportunity to further reiterate its dedication to Play to Earn games, and bettering the player experience, even despite the bear market. For this, the guild will focus on new products and services, alongside fostering the community.

“Now more than ever, we see an opportunity to bring on world-class builders to help us write the destiny of the play-to-earn ecosystem.” says Colin Goltra, the Global COO at YGG. “Historically, the best projects have been those that could survive the harsh crypto winter and build enduring protocols and communities through discipline and without the distractions of public hype,” he added.

What Are YGG’s Future Plans?

In it’s official blog post, Yield Guild Games highlighted some key points that they would be looking to emphasize

Yield Guild intends to dedicate the next 12 months to exploration and building. The company will support anyone who has “put their heads down to focus on building” in the bear market.
The company is taking a “right people in the right seats” approach to hiring new leaders. The onboarding of Colin Goltra, Jen Yu, and “KnightAV” are just some examples of this.
After the success of season 1 of the Guild Advancement Program (GAP), YGG is making plans for a second season. GAP season 2 will feature more quests and community activities.
The YGG Reward Vault will be receiving some updates.
YGG Esports plans to host more esports tournaments. To develop the blockchain esports scene, Yield Guild Games will be creating educational content.
The company will also explore opportunities for subDAOs, micro-guilds, and managers in the evolving P2E industry.
For the full details, you can check out the official blog post by YGG

A new survey from crypto exchange KuCoin showed that enthusiasts who have not worked in the Web3 industry are very eager to explore opportunities in the blockchain space. The participants noted that the industry's appeal includes flexibility, growth opportunities and the future outlook of the nascent space.

In KuCoin’s study titled Journey Into Web3: A Global Study on the Future of Work, researchers dived into the engagement and perception of people about working in Web3. Within the report, researchers found that more than half of their surveyed respondents are interested in exploring Web3 as a career option.

Solana (SOL) dipped to a two-week low at around $35.50 on July 26, mirroring downside moves elsewhere in the crypto market. Nonetheless, technicals suggests that Solana's price flirts with the prospects of rising 40% in August.

Ironically, the bullish setup for Solana emerges out of a classic bearish continuation pattern.

Virtual reality (VR) will eventually have a place within the Metaverse, but not for the foreseeable future given its slow adoption rates, according to experts.

There isn’t much that can rival the experience of having one’s senses almost immersed in a virtual world — which is why many believe that the technology will have a natural fit for the Metaverse

China’s supreme court said it would conduct research into cryptocurrency to protect the legal rights of investors.
Also, the Chinese government announced the ninth batch of 348 domestic blockchain firms, which mainly included NFT digital collections.
Taiwan FSC wrote to the Association of Banks last week, reminding them not to engage in cryptocurrency.
The Supreme People’s Court of China has ruled that it will “actively research new cases such as asset-backed securities, cryptocurrencies, and cross-border financial product transactions.”

This statement came via the deputy chief judge of the supreme court, Zhou Lunjun, on July 25 at a press conference with the theme, “Opinions of the Supreme People’s Court on Providing Judicial Services and Guarantee for Accelerating the Construction of a National Unified Market.”

Justice Lunjun added that the essence of the research is to “protect the legal rights of investors, and provide high-quality judicial guarantee for the healthy development of the national unified capital market.”

Meanwhile, the Chinese government announced the ninth batch of 348 domestic blockchain information service names and record numbers, most of which are NFT digital collections — among which are two from NetEase (NASDAQ:NTES), China’s second largest game company.

By and large, the current legal status of cryptocurrency in China is vague and complicated. While some reports show wholesome acceptance of crypto, blockchain, and NFT, like the Shanghai Municipal People’s Government, other institutions show great detestation.

The price of Ripple (XRP) experienced a 24-hour drop of 4.65% to take its price down to $0.3458.
XRP’s price is at a major support level at the moment.
The daily chart for XRP is still bullish which suggests that XRP’s price will rise over the next 48 hours.
Ripple is a technology that has both a cryptocurrency (XRP) and a digital payment network for financial transactions. Co-founders Chris Larsen and Jed McCaleb first released it in 2012. Ripple’s main process is a payment settlement asset exchange and remittance system, similar to the SWIFT system for international money and security transfers, which is used by banks and financial middlemen dealing across currencies.

The token used for the cryptocurrency is pre-mined and utilizes the ticker symbol XRP. Ripple is the name of the company and the network, and XRP is the cryptocurrency token. The purpose of XRP is to serve as an intermediate mechanism of exchange between two currencies or networks – as a sort of temporary settlement layer.

Instrument Signal Probability Date Range Open Price 2% Stop Loss Entry Supt 1 Supt 2 Supt 3 RESIS 1 RESIS 2 RESIS 3
XRP/USDT BUY 74.59% 2022-07-25, 02:00:00 – 2022-07-27, 02:00:00 0.36 0.3528 0.366517 0.354033 0.349467 0.343133 0.364933 0.371267 0.375833
GB Market Analysis Software signals that XRP’s price will fall (Source: GreenBot)
The GB Market Analysis Software has signaled that the price of XRP may rise in the next 48 hours in the date range (2022-07-25, 02:00:00 GMT + 2 – 2022-07-27, 02:00:00 GMT + 2). The confirmation that the signal is playing out will be when the price of XRP reaches $0.36651667. This is also the identified price entry for the trade.

The support levels for XRP/USDT identified by the GB Market Analysis Software are $0.35403333 (first support), $0.34946667 (second support), and $0.34313333. Meanwhile, the resistance levels for XRP/USDT identified by the software are $0.36493333 (first resistance), $0.37126667 (second resistance), and $0.37583333 (third resistance).

XRP Price: Current Market Standing

Ripple (XRP) is ranked number 8 in CoinMarketCap’s list of the biggest cryptocurrencies by market cap. XRP experienced a 24-hour drop in price by 4.65% to take its price down to $0.3458. This also puts its total market cap at approximately $16.735 billion.

With web3 at its proverbial peak, Switzerland is often referred to as ‘the next Silicon Valley’ for crypto and blockchain. Apart from being an Alpine wonderland of ice and snow, Switzerland is synonymous with precision and innovation. Switzerland has been the center of the tech movement for a while now, with its long-standing reputation in the finance world. One Swiss-based metaverse platform, DecentWorld, has recently taken the fintech scene by storm.

Building on the Swiss legacy, the creative team at DecentWorld shared what they believe is so special about the Swiss mentality that keeps pushing the country to the frontiers of innovation in the tech world. The project introduced a metaverse in which one can find 18.5 million geo-based Streets and acquire them as NFTs, as well as combine them into Collections that generate yield. Platform boasts a Secondary Marketplace, as well as other entertaining features, and is gearing up for its biggest release yet – the immersive 3D experience.

The Swiss Sense of Ownership

DecentWorld is owned by Swiss Asset Management AG, a part of the broader Swiss financial product ecosystem. The metaverse platform connects collectors, traders, agents, and companies, allowing them to explore the full potential of digitally enhanced worlds.

The world-renowned Swiss quality and craftsmanship shaped the creative team’s attitude towards how the metaverse’s user experience, design, and tokenomics should be. The Swiss mentality and sense of ownership influenced the team the most, and largely correlated with the culture behind NFTs and blockchain.

The legacy of self-sovereignty and bare assets, which are highly valued by the Swiss, were an inspiration of pivotal importance to DecentWorld. According to the project’s team, it is still possible to have a company share certificate as a bare asset in Switzerland.

“A bare stock certificate means that the person who holds it, as in, has the physical papers, is indeed the company’s owner; so the paper itself is the document, and the only document which shows ownership, similar to cash. The Swiss appreciate and value these bare assets, like cash or even stock certificates,” the DecentWorld team explains.
Apart from having share certificates as bare assets, cash continues to hold high importance in Switzerland. According to the DecentWorld team, the Swiss are still willing to perform large transactions in cash. This largely explains why Switzerland has one of the highest valued paper bills – 1000 francs (worth around $1036).
The DecentWorld team explains:

“For example, if you hold a $100 bill, you own this $100. It’s not on someone else’s database. Even though it is kind of old school, we think this culture of being the owner of your own assets fits nicely with the ideals of DecentWorld, and with blockchain in general. We think that’s why it’s no surprise that Switzerland is one of the leaders when it comes to blockchain development.”
This particular attitude towards cash and bare assets also provided some of the inspiration for the visual design of the platform. Metaverse users can purchase four types of Streets as NFTs, and then combine them into Basic, Standard, Premium, and Elite Collections. It is not a coincidence that the visual appearance of these tiers resembles the design of the Swiss Franc, which according to the project’s team, are one of the best designed currencies in the world.

TC price surged to $23,000 last day after Tesla (NASDAQ:TSLA) disclosed it had sold 75% of the coin.
Currently, the price of BTC is down at $22,000.
Tesla sold BTC due to overall liquidity related to COVID-19 lockdown uncertainties in China.
The price of Bitcoin slightly spiked last night after Tesla disclosed that it had sold Bitcoin in huge amounts. On June 20, Elon Musk’s Tesla revealed that it had sold 75% of its Bitcoin coin because it was concerned about “overall liquidity” due to COVID-19 lockdowns uncertainties in China. The Tesla team announced this statement in the company’s second quarterly meeting, yesterday.

BTC/USDT- 1-hour Trading Chart Source: (TradingView)

Bitcoin price spiked to $23,879.03, last night, which is reportedly due to Tesla’s BTC sale announcement. However, at the moment, the price of Bitcoin declined and trades at $22,927.5, with a 3.5% dip in the past 24 hours.

While looking more into the BTC sale news, the financial summary of Tesla’s Q2 earnings report read that the team has converted around 75% of Bitcoin purchases into fiat currency, at the end of Q2. This amounts to BTC worth $936 million. Moreover, the 75% coin sale leaves the current BTC holdings of the company at $218 million.

Contextually, Tesla CEO Elon Musk said that this BTC sell-off should not be taken as some verdict on the coin, instead, he added:

We sold a bunch of our Bitcoin as we were uncertain as to when the COVID lockdowns in China would alleviate. We are open to increasing our BTC holdings in the future. So this should not be taken as some verdict on Bitcoin and we have not sold any of our Dogecoin.
In June 2021, Elon Musk remarked that he might pump Bitcoin, but not dump it. “I definitely do not believe in getting the price high and selling … I would like to see bitcoin succeed,” said the Tesla Chief. However, it seems that this former statement is in contrast to the latest announcement of the company.