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Could ApeCoin “dash” to the top with this game? These metrics suggest…

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  • BAYC and related NFTs increased in value as Yuga Labs announced the launch of its latest game.
  • APECoin did not react positively after the announcement, but could be a winner in the long run.

On 12 January, when maker Yuga Labs announced its plans for Dookey Dash, sales for Bored Ape Yacht Club [BAYC] NFTs and related projects such as Mutant Ape Yacht Club [MAYC] and Bored Ape Kennel Club (BAKC) collections skyrocketed.

Apes, stretch your eyeballs and warm up your scroll muscles — lots of new info about next week. Short version: monkey butthole, Sewer Pass January 17, skill-based mint begins January 18, new power sources. Video explainer coming soon, more at https://t.co/h8JXeLkC57, and the 🧵 pic.twitter.com/bF1h2qAXrM

— Bored Ape Yacht Club (@BoredApeYC) January 12, 2023


Read APECoin’s [APE] Price Prediction 2023-24


Dookey Dash is an NFT-required, skill-based online game with as-yet-unannounced prizes for the highest scorers. The game’s goal is to collect as many goods as possible while traveling as far as possible through a cartoonish sewage landscape without dying. 

A “Sewer Pass” NFT mint will soon be available from Yuga Labs, and holders of BAYC or MAYC NFTs can claim it for free. Until the game’s closure on 15 February, Sewer Pass holders can play Dookey Dash an unlimited number of times.

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In order to include people from beyond the Bored Ape ecology, Sewer Passes will be made available for secondary market trading starting 15 February.

APE reacts negatively but remains bullish

However, the ecosystem’s token, APECoin [APE], didn’t seem thrilled with the recent advancements surrounding the BAYC and associated NFTs. APE had been on the rise and had increased in value by 32% before the announcement on 12 January.

However, as of this writing, it lost about 5% of its rally, as shown by the daily period chart. There were also hints that a price adjustment would cause the price to drop much further.

Source: TradingView

The Directional Movement Index (DMI) indicated that the asset was still in a strong bull trend despite the price decline. The positive DI and the signal line were higher than 20 when the indication was observed.

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Additionally, a strong bull trend was indicated by the Relative Strength Index (RSI) line being above 75. However, the RSI line’s position also pointed to a potential price correction because APE was in the overbought region.


How much are 1, 10, or 100 APEs worth today?


Could APECoin be playing the long game?

If the recently released game is a hit, APECoin could gain in the long run. Once the Sewer Pass NFT is released to the market, APE could be used as a medium of exchange, besides being the “currency” of the Sewer Pass ecosystem. As a result, its demand and price could increase. 

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Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot’s writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S – There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/

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Cryptocurrency Exchanges Offer Assistance To Earthquake-Hit Turkey

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Cryptocurrency Exchanges Offer Assistance To Earthquake-Hit Turkey

Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations for a charity organization.

Leading Exchanges Commit to Supporting the Victims of the Earthquake in Turkey

The global crypto trading sector has quickly reacted to the news of the deadly earthquake that brought destruction to parts of Turkey and the region. Over the past few years, the country became a growing crypto market and digital asset exchanges are now offering to help Turkish traders, their families, and neighbors in need.

Binance, the world’s largest trading platform for cryptocurrencies, announced on Tuesday it will airdrop $100 of BNB tokens to all of its users living in the most affected areas. The company said it will identify the customers that qualify based on proof of address and disperse a total of around $5 million. It also emphasized:

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Crypto transfers are now increasingly being used to deliver financial aid to disaster victims as they provide fast, low-cost, borderless, and transparent transactions.

Furthermore, Binance Charity is now accepting donations in several coins that will be converted to Turkish lira and sent to an NGO. “We hope that our efforts will bring some relief to those affected. We are also calling on our industry peers to once again come together to offer support in these times of crisis,” Binance founder and CEO Changpeng Zhao was quoted as saying.

Competitors like Huobi, Okx, Bybit, and others have promised to support Turkey as well. Okx will provide 1 million Turkish lira (over $53,000) in financial assistance for the victims of the natural disaster, according to a statement by its Chief Marketing Officer Haider Rafique. Bitget is donating the same amount of money.

Huobi CEO Justin Sun unveiled the establishment of a 2 million lira relief fund by the Tron exchange and blockchain in memory of those who lost their lives in the powerful earthquake. The death toll from the 7.8 magnitude tremor, which struck Southeastern Turkey and Western Syria on Monday, continues to rise and is already exceeding 9,000.

Coinex said in a Facebook post it’s ready to help people in both countries while Bitmex tweeted it will donate the proceeds of its trading competition this week to the Turkish Red Crescent. Bitfinex and Tether expressed their condolences and pledged 5 million lira towards immediate humanitarian aid and recovery efforts. They will also “seek ways to provide continued support towards helping Turkiye rebuild for the future.”

Our thoughts are with all the people who have been affected by the tragic Turkey-Syria earthquake today.

BitMEX will be donating the proceeds of this week’s Trading Competition to the @RedCrescent, and we encourage those who can donate to do the same. #GeçmişOlsunTürkiye

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— BitMEX (@BitMEX) February 6, 2023

Singapore-based crypto exchange Bybit announced it will send $100,000 to Turkey’s Disaster and Management Authority (AFAD). Meanwhile, the country’s Financial Crimes Investigation Board (MASAK) approved an initiative by a charity called Ahbap to raise donations in cryptocurrency, according to its founder, Turkish singer Haluk Levent. The campaign will continue until Feb. 13

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aid, Binance, Bitmex Bybit, Crypto, Crypto Donations, crypto exchange, crypto exchanges, Cryptocurrencies, Cryptocurrency, disaster, donations, Earthquake, Exchanges, financial support, humanitarian efforts, Huobi, Okx, Relief, support, Turkey, Turkish, Victims

Do you expect other companies from the crypto industry to join these exchanges in helping Turkey to deal with the disaster? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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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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3AC Co-Founder Kyle Davies Fails To Respond To Liquidators’ Subpoena Despite Twitter Delivery

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3AC Co-Founder Kyle Davies Fails To Respond To Liquidators’ Subpoena Despite Twitter Delivery

According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows.

3AC Liquidators Frustrated With Lack of Response From Co-Founders

A recent filing submitted to the New York bankruptcy court states that Kyle Davies, co-founder of 3AC, is obstructing or disregarding requests from the 3AC Liquidation team. Additionally, according to representatives from advisory firm Teneo, Davies is accused of soliciting investors “shamelessly” for a new cryptocurrency project. On Jan. 5, 2023, the “3acliquidation” Twitter account served subpoenas to the 3AC founders via Twitter.

Lawyers and two representatives from Teneo explained in a court filing released Tuesday night that the liquidators have yet to receive a response from Davies. While the lawyers note that the 3AC founders are looking to start a new crypto project, the liquidators also mention that Davies has been active on social media. “He has not even attempted to reach out to undersigned counsel to voice an objection or concern with the topics of the subpoena. This is not a question of partial compliance, but of no compliance whatsoever,” the filing details.

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The liquidators add:

He is, without question, aware of the Subpoena … having been tagged in 41 replies and 64 retweets … and has, once again, chosen to ignore his duties to Three Arrows. All the while, Mr. Davies has continued to post on his Twitter account, openly ignoring the Court’s directives and enjoying media attention while he continues to thwart efforts by the Foreign Representatives to gain access to documents and information.

Liquidators have expressed frustration about their attempts to reach 3AC co-founders Su Zhu and Davies since the bankruptcy proceedings began. At the time, Zhu maintained that the pair has been communicating with all relevant authorities “from day one.” However, complaints from 3AC liquidators emerged shortly after the defunct cryptocurrency hedge fund filed for bankruptcy protection, using the Chapter 15 process to safeguard the company’s assets in the United States.

According to reports and an interview with Davies in November 2022, Davies is believed to be in Bali. During the interview, CNBC’s Becky Quick asked Davies if he was “in Bali because Indonesia is one of the seven countries that won’t extradite you to the United States.” Zhu’s location is thought to be either Singapore or the United Arab Emirates (UAE), but the exact location of either 3AC co-founder is uncertain as of writing.

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2023, 3AC, 3AC founders, advisory firm, Assets, bali, Bankruptcy Court, Becky Quick, Chapter 15 process, cnbc, co-founder, Communication, Complaints, Court Filing, Cryptocurrency Hedge Fund, defunct, duties, extradition, Indonesia, interview, Jan 5, Kyle Davies, liquidation team, liquidators, Media Attention, new crypto venture, new york, November 2022, Relevant authorities, Representatives, response, shamelessly, Singapore, soliciting investors, Subpoenas, Teneo, Three Arrows, Three Arrows Capital, Tuesday evening, Twitter, UAE, uncertain location, United States

What do you think of the allegations against Kyle Davies and the ongoing legal battle for Three Arrows Capital? Share your thoughts in the comments below.

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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 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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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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Tangem Review

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Tangem Review

Tangem Ratings at a Glance

Product Offerings
Customer Service
Customer Pricing
User Benefits
User Experience
Overall Rating

Tangem wallet is a good choice for anyone looking for a convenient solution for managing their cryptocurrency. As opposed to the majority of available wallets, Tangem eliminates the need for wires, batteries, chargers and seed phrases.

Users can access thousands of cryptocurrencies simultaneously and use hundreds of different decentralized applications (dApps) for buying, selling, exchanging, lending and staking cryptocurrency with Tangem Wallet.

What is a Tangem Wallet?

Before diving into how Tangem Wallet works, it’s important to first understand the basics of a crypto wallet. Unlike traditional wallets that physically store cash, cryptocurrency wallets like Tangem only hold the key to your assets. Instead, your cryptocurrencies exist on the blockchain as pieces of data, and the wallet serves as a means to access them.

Tangem Wallet is a type of hardware wallet that allows users to store their digital assets offline in a physical card. The card contains a secure microchip that stores the user’s private keys. To use the card, a user needs to connect it to a phone or other device that supports the Tangem mobile application. All users have a set of two or three cards with a backup feature, which allows them to manage their money even if they lose one of the cards.

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Tangem Wallet Features

Generally speaking, four key actions can be taken with Tangem Wallet. These include:

  • Extracting (sending) funds to other Tangem cards or blockchain wallets
  • Check the validity of the card and assets it is holding
  • Purchase and sell crypto via 3rd party service provider (in some countries)
  • Make payments with the card (with merchants currently accepting crypto)
  • Show the asset’s blockchain address

Getting Started

Creating a Tangem Wallet and getting started is quick and convenient. The entire process only takes about four minutes and involves three steps.

  • The first step is installing the mobile application (Tangem – Crypto Wallet). 
  • The second step is activating the wallet. This step is extremely straightforward – all you have to do is tap the card to the phone.
  • The final step is creating a backup and involves tapping your backup card against the app until the operation is complete. 

You cannot add more backup cards once the backup process is complete. While it may appear annoying at first, this feature serves as a security feature since it prevents malicious actors from adding a backup card without the owner’s knowledge.

Tangem allows users to get help through online chat. This feature can be accessed through the mobile application or webstore. Alternatively, users can reach out via email or through Tangem’s Telegram channel. For further information, users can leverage Tangem’s comprehensive library of high-quality content that includes helpful YouTube videos, blog posts and articles.

While Tangem’s mobile application is free to use, the physical cards vary in price. Customers can purchase a pack of three cards for $58.96 or a pack of two cards for $55.09. It is recommended that users purchase a pack of three for increased security.

Tangem offers free delivery worldwide and free and easy product returns.

Tangem offers a vast range of benefits for its users. A few of the main benefits are as follows.

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Seedless Solution

Tangem Wallet removes the need for a seed phrase – a long list of words or numbers that act as the master password to a traditional crypto wallet. A compromised seed is one of the most common ways investors lose their crypto. This feature makes it an excellent choice for those new to cryptocurrency or for those who don’t want to deal with the stress and hassle of memorizing and properly securing a complex seed phrase. 

DeFi Compatible

Tangem Wallet users can interact with 100+ different dApps with the help of Wallet Connect. From buying NFTs on OpenSea, exchanging tokens on SushiSwap or making loans on Curve, Tangem opens the doors to DeFi and many other emerging trends in the Web3 space.

Open Source

A common worry among mobile wallet users is the implication if the company goes bankrupt and their mobile app is removed from the Apple or Google Play Store. 

Fortunately, Tangem’s mobile application works independently of Tangem’s servers. In the unlikely event Tangem shuts down, users will be able to use their Tangem cards to access their crypto. The application is fully open source and available on Github, which means that a replacement app can be easily created by a third-party developer and used to power the card.

Reliable and Secure

Tangem Wallet is one of the safest and most reliable crypto wallets in the world. Each physical card is a microcomputer that is certified by Common Criteria at EAL6+ level – the same level of chip protection used in diplomatic passports. 

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As a hardware wallet, users can rest assured knowing that Tangem Wallet is shielded against keylogging, phishing and other forms of cyber attacks. The cards are safe from dust and water – operating seamlessly in extreme temperatures from Arctic cold to desert heat, with a chip longevity of over two decades.

Tangem simplifies the process of managing your cryptocurrency by eliminating the need for complex storage solutions. The process of using a physical card and mobile application is straightforward for investors at all ends of the spectrum. Buying, selling, sending, exchanging and lending various cryptocurrencies with Tangem is a breeze, especially compared to traditional hardware crypto wallets.

Compare Tangem Wallet

Ledger, Trezor and ZenGo are Tangem Wallet’s biggest competitors in the crypto wallet industry. Like Tangem Wallet, Ledger and Trezor are all examples of hardware wallets. They all store users’ private keys offline, making them a safer, yet less convenient option than software wallets such as ZenGo.

As it currently stands, Ledger and Trezor are the most trusted and widely used crypto hardware wallets in the world. Ledger is the market leader, recognized for its three unique hardware wallet options: Ledger Nano S Plus, Ledger Nano X and the Stax. On the other hand, Trezor is a gold standard in the space and is powered by one of the first hardware wallet providers in the world, Satoshi Labs.

Despite a small market share, Tangem wallet differentiates itself from Ledger and Trezor with its extreme simplicity, ease-of-use, and lack of a seed phrase. It’s also not reliant on multiple electronic components (like a USB port or battery), meaning that it has only one potential point of failure, the chip itself. These features make it a far more accessible and easy-to-use option for new investors. 

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Compared to ZenGo, another wallet that eliminates the need for a seed phrase, Tangem offers superior security. Unlike ZenGo, Tangem wallet is a hardware wallet – completely offline and disconnected from the internet, which adds an extra layer of security from cyber attacks.

In conclusion, Tangem is a highly secure hardware wallet that offers a unique solution to the complex nature of seed phrase storage. The smart card is both secure and durable, making it easy to carry on the go. 

The user-friendly interface coupled with its extensive cryptocurrency and dApp support makes it an excellent choice for users of all levels. Additionally, Tangem’s military-grade chip protection and card backup process provide peace of mind that your assets are protected.

Tangem Videos

Frequently Asked Questions

Q

Is Tangem a good wallet?

A

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Tangem Wallet is a fantastic choice for users who value security and convenience.

Q

What happens if I lose the card?

A

Fortunately, Tangem Wallet allows users to connect up to 3 cards to a single wallet – all cards are equal in capability and be used to manage your assets. Moreover, to prevent unauthorized access, users must set access codes for their cards.

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