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Elon’s ‘Cryptonight’ Tweet Has Hidden Meaning: Be Ready For Sell-Off Season

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Elon’s ‘Cryptonight’ Tweet Has Hidden Meaning: Be Ready For Sell-Off Season

Cryptonight tweet of Elon can be the starting point of the sell-off season in the crypto market

Elon Musk, CEO of Tesla and SpaceX and the most popular crypto influencer, has once again shared a cryptic tweet on the microblogging site, Twitter. Elon has posted the tweet regarding the most popular cryptocurrency, Bitcoin, with a reference to its founder Satoshi Nakamoto. This has started speculations that the cryptonight tweet will give rise to a sell-off season for Bitcoin in this highly volatile cryptocurrency market.

Yes, no one in the cryptocurrency market knows about the real identity of the Bitcoin Founder, Satoshi Nakamoto and there are different conspiracy theories related to the owner. Elon posted the tweet that consisted of four different popular tech companies such as Samsung, Toshiba, Nakamichi, and Motorola—- SA TOSHI NAKA MOTO. This has created a storm on Twitter with more than 5.4 lakh likes and is still increasing.

Recently, Elon again posted on Twitter with just the word “cryptonight”. Cryptonight is known as an algorithm used in cryptocurrency mining for the Proof-of-Work blockchain. It was introduced to the cryptocurrency market with the launch of Bytecoin. There are a number of blockchain projects that have leveraged Cryptonight. It has helped to gain more than 130 million in the domain of digital currencies.

Cryptonight hashing algorithms are used for undetectable transactions as well as the ASIC resistance. It was designed mainly for data privacy concerns with a solution for exchanging sufficient and relevant private blockchain transactions. It also helps to decrease the ASIC mining rigs with cryptocurrency mining.

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Elon shared the tweet as a reaction to the steep sell-off of the popular cryptocurrency, Bitcoin, which has hit an all-time low since December 2020. He is determined not to sell his share of Bitcoin as a sell-off strategy. Recently, the cryptocurrency sell-off is getting intense with Bitcoin reaching US$20K. The sell-off has increased due to the hedge fund Three Arrow with its collateral liquidated by BlockFi.

Crypto investors must be careful about dealing with the investment related to Bitcoin. Long-term investors are tense whereas short-term investors are looking at it as the buy the dip zone to drive profit in the future. Elon can be the crypto influencer but one needs to be careful about making smart decisions about the sell-off of Bitcoin in the current market scenario. Indian crypto investors are considering the decision as the huge sell-off continues to thrive in the market. The global cryptocurrency market has wiped off US$1 trillion with the decline in the market cap by 14.75%.

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The post Elon’s ‘Cryptonight’ Tweet has Hidden Meaning: Be Ready for Sell-Off Season appeared first on .

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Singapore Based Crypto Exchange Bybit Expands To Argentina

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Singapore Based Crypto Exchange Bybit Expands To Argentina

Bybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the popularity that the cryptocurrency industry is enjoying in the country. The exchange will also have a dedicated team to support Argentinian operations.

Bybit Lands in Argentina

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The growth of the cryptocurrency industry in Argentina has not gone unnoticed by international companies. Bybit, a Singapore-based, top-ten crypto exchange by volume traded, has announced that it will expand its trading operations to support Argentinian customers directly.

To better achieve this goal, the company will dedicate a team to attend to applicable requirements and support its upcoming Argentinian customers, allowing them to transact, purchase, and sell cryptocurrencies on Bybit’s platform. Also, the platform will be available in Spanish, the native language of the country.

Regarding this development, the exchange declared:

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Taking into account the level of penetration and the rapid growth in the adoption of cryptocurrencies in Argentina, Bybit has made this decision, which is due to the importance of the Argentinian market in the Latin American region.

Due to all of this, Bybit considers it is the right time to expand its operations to the country, given that there is an opportunity for onboarding users still new to the cryptocurrency movement.

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Argentinian Crypto Appeal

In recent years, Argentinians have been getting closer and closer to crypto, with this phenomenon starting after the government established limits to the number of dollars citizens could exchange, establishing a foreign currency exchange control, similar to the one established by the Venezuelan government before that. Inflation numbers have also influenced the interest in this new, alternative financial system.

The exchange is betting that this newfound interest in crypto, due to national and international market conditions, will power the demand of Argentinian users in the near future for new applications. About this, Gonzalo Lema, director of Bybit operations for Argentina, stated:

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Although macroeconomic conditions have become a factor in increasing the adoption of cryptocurrencies in Argentina, as the customer base grows, interest in other potential uses of these assets will increase, such as the possibility of receiving remittances or even paying for goods and services with them.

The company will offer all of its available services and investment instruments in Argentina, and an APY of 22% on Dai deposits, to Argentinians registering before July 11.

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What do you think about the new expansion plans that Bybit has for Argentinian markets? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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‘Suicide’ note

John McAfee’s Body Is Still In A Spanish Morgue A Year After He Passed, His Widow Wants Answers

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John McAfee’s Body Is Still In A Spanish Morgue A Year After He Passed, His Widow Wants Answers

A year ago on June 23, the anti-virus software tycoon John McAfee was found dead in a Spanish prison after Spain’s high court approved McAfee’s extradition to the United States. Today, McAfee’s body is still in a Spanish morgue as a legal case involving an independent autopsy is yet unresolved.

John McAfee’s Controversial Death Investigation Is Still in Limbo

The now-deceased cryptocurrency proponent and anti-virus software tycoon John McAfee’s corpse is still in the morgue after an entire year has passed since his alleged suicide. McAfee reportedly took his own life on June 23, 2021, after he was wanted for tax evasion by U.S. law enforcement officials. At the time, a Spanish high court authorized McAfee’s extradition to America to face the tax-related criminal charges.

Before Spain’s high court approved the preliminary extradition ruling, McAfee was arrested in October 2020 at Barcelona–El Prat Airport. McAfee was charged by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). He was charged by SEC for his involvement in promoting initial coin offerings (ICOs) and the DOJ charged him with “tax evasion and willful failure to file tax returns.”

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After his death a number of conspiracy theories started showing up on social media and forums that said he allegedly activated a dead man’s switch. McAfee told people on many occasions that he would never take his own life and that if he was found dead by suicide it really meant he was “whacked.” McAfee had the word “whackd” tattooed to his body and he also released an ERC20-based token called “whackd (WHACKD).” The smart contract was called “Epstein,” and a number of theories stemming from several Q Anon members and 4chan posts attempted to connect the dots.

Tech Entrepreneur’s Widow Still Believes ‘John McAfee Did Not Kill Himself’

Janice McAfee, the anti-virus software tycoon’s widow, doesn’t believe her husband committed suicide, and the family’s attorney Javier Villalba told the press that Janice wanted an independent second autopsy after Spanish authorities completed the official autopsy. The second autopsy had not yet been granted and a local judge denied the request. While McAfee’s remains still rest in the Spanish morgue, the family has appealed the Spanish high court judge’s decision as Janice believes the official autopsy was incomplete.

“It’s difficult to put into words what life has been like this past year,” McAfee’s widow Janice explained on Thursday. On her Twitter page, Janice said: “One year ago today John McAfee was stolen from us. [He was] a champion of freedom [and] privacy, the world is a much darker place without him.” One of Janice’s hashtags in the tweet also said “#johnmcafeedidnotkillhimself.”

A judge in Spain further ruled that until the independent autopsy appeal is complete, McAfee’s corpse cannot be delivered to the family. Catalonia’s court officials did not respond to comments about the situation, but a Spanish justice department official said that it was unusual for bodies to be kept in a morgue for so long.

What do you think about the fact that John McAfee’s body still remains in the Spanish morgue? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Why Has Polygon (MATIC) Become The Go-To Blockchain For New Projects Like Xchange Monster (MXCH) And The Sandbox (SAND)?

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Why Has Polygon (MATIC) Become The Go-To Blockchain For New Projects Like Xchange Monster (MXCH) And The Sandbox (SAND)?

When new crypto projects are in development, one of the biggest factors to consider is which blockchain to build the project on

All of the big blockchains, from Ethereum (ETH) to Binance (BNB) to Solana (SOL), have aspects that make them appealing to new developments. However, another blockchain with many appealing aspects is Polygon (MATIC).

But what is it about Polygon (MATIC) that has drawn projects like Xchange Monster (MXCH) and The Sandbox (SAND) to it?

The Appeals of Polygon (MATIC)

There are many advantages to Polygon (MATIC) for new projects, however, one of the biggest is the speed and cost-efficiency of transactions on the blockchain.

Polygon (MATIC) has some of the lowest transaction costs compared to other big-name blockchains, backed up by these transactions being firmly secure and fast. For Polygon (MATIC), cheap transactions do not mean less efficient transactions.

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Furthermore, Polygon (MATIC) has been designed with scalability and interconnectivity in mind, providing tools for dApp and platform developers looking to make their program the next big thing in the crypto space.

As an Ethereum (ETH) scaling platform, this also means dApps and projects built on Polygon (MATIC) have easy accessibility to Ethereum (ETH) users, meaning that combined with Polygons (MATIC) interconnectedness, these projects can reach huge audiences, and have the potential to become staples in the crypto community.

While there are many other reasons, these are the key appeals of Polygon (MATIC) to project creators.

Xchange Monster (MXCH) and the Need For Speed

Cheap and fast transactions are a key way that a project can maintain users, and bring in new ones. Having fast transactions means users do not have to worry about price fluctuations during transaction times, and cheap transactions mean that tokens can be spent more willingly, resulting in a more active economy.

This is the primary appeal that Polygon (MATIC) for crypto gaming exchange platform Xchange Monster (MXCH), whose plans to build a thriving, multi-game platform with a unified token and trading system can be achieved best through these aspects of the Polygon (MATIC) blockchain.

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Giving users more power over their finances by removing slow or expensive transactions is especially key for Xchange Monster (MXCH), as one of their primary audiences is gamers – including those with little to no crypto experience.

While the speed and price of transactions are key ways to draw in new users and build engagement, these aspects alone are not enough, and Xchange Monster (MXCH) knows this. As such, they have created an interface that is highly simple to use, with large buttons and simple layouts streamlining the process of making these transactions.

Furthermore, Xchange Monster (MXCH) has integrated complete financial flexibility into its process, allowing for trade between fiat and cryptocurrencies to be done with ease. This includes trade and exchange with other tokens through their multi-chain wallet, and transitions transferring crypto into fiat, which xChange Monster (MXCH) estimates can be done in as few as three clicks.

For gamers, it is not a platform to pass on.

The Sandbox (SAND) Makes a Shift

Despite being initially built on Ethereum (ETH), The Sandbox (SAND) has made its intentions clear- that it will be incorporating Polygon (MATIC) into its system, to deal with the popularity and growth of its platform.

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The scalability of Polygon (MATIC), combined with its speed, makes it a perfect blockchain for The Sandbox (SAND) to migrate some of its assets to, as the blockchain has been designed with platform growth in mind. Being a top 50 cryptocurrency according to CoinMarketCap, this is something that The Sandbox (SAND) has been experiencing rapidly.

The Sandbox (SAND) is proof that, while Ethereum (ETH) can be a good choice for new projects, it may not be a perfect one. Polygon (MATIC) offers fantastic features that can amplify and further The Sandbox’s (SAND) popularity, meaning its value is likely to continue to rise in the future.

Therefore, The Sandbox (SAND) is certainly a project to keep an eye on.

Presale: https://xchangemonster.boostx.finance/register

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Website: https://xchangemonster.com/

Discord: https://discord.gg/M5hu5HwbeJ

Telegram: https://t.me/xchangemonsterofficial

Twitter: https://twitter.com/Xchange_Monster

The post Why Has Polygon (MATIC) Become the Go-To Blockchain For New Projects Like Xchange Monster (MXCH) and The Sandbox (SAND)? appeared first on .

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