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Alternative opportunities for ETH miners

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Alternative opportunities for ETH miners

Ethereum has switched to a proof-of-stake model officially called merge, and it caused significant changes in the crypto world. Many things that we know about crypto are entirely different now. One of the considerable changes awaits Ethereum’s miners, who now should see if they will be able to mine when Ethereum 2.0 launches. All chances say it will be a real struggle there, which only some of them will be adapted to. Most of them should change the currency they mine and adjust to new investing models.

During the weekend, between 15. and 16. September, the merge happened, and Ethereum went to a completely different consensus mechanism. One of the changes secures the blockchain using capital locked up in validating nodes, which is different from the currently used proof-of-work. The change that will happen is supposed to bring more than $4 million bag of hardware. The question is where to operate, develop, or upgrade that investment. They could mine other GPU-compatible coins like Ethereum Classic (ETC) or a proposed Ethereum fork maintained proof-of-work. Unfortunately, none of those two options will ensure the same money flow as before.

Therefore, they could choose another option and turn to the different crypto coins. A few interesting new games provide much more safety and sustainable money earned in years to come. Tamadoge, Battle Infinity, and Lucky Block are all utterly unique on the crypto market, with fantastic potential to multiply your money. The key is an exciting game that will attract many new players, and their involvement promises a long and stable jump in value. 

>> Buy Tamadoge Now <<

Why should Ethereum Miners Turn to the New Options?

Since the inception of Ethereum, they have planned proof-of-stake on their roadmap. However, it has been delayed occasionally for years. Finally, in December 2020, launching the Beacon Chain, the central nervous system for Ethereum 2.0, accelerated things. The first concrete technical step from the development team happened this year and ended in September. After numerous complicated tests of the Ethereum 2.0 merge and its architecture on multiple tests, they have prepared for the activation.

Although miners still take money into graphic cards (GPUs) and other mining equipment, they cannot invest as much in hardware as before. It seems they knew it, but not much changed the plans, leaving all unresolved. All above makes Ethereum 2.0 volatile when crypto loses investors’ trust. Miners should consider changing their currency; this time, it should be a completely different mining method. 

There are three new games in the crypto world: Tamadoge, Battle Infinity, Lucky Block, new rising stars in the crypto world, and indeed the most potential cryptocurrencies. The secret is their excitement and potential to keep players entertained for a long time. All three have exciting games as basic models, impressive starting success, and numerous additions that will earn money in future stages of their existence. Tamadoge, for example, has raised $19 million and ended presale much earlier than planned. 

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Why is TAMA better for investing?

The game behind the TAMA is Tamadoge, a new/old game based on Shiba Inu and Dogecoin, but much more improved and upgraded. The developers who created previous versions have learned from the mistakes and falses previous versions have, so now we have a perfect and completely new game. It is a game with a pet that the owner feeds, nurtures, and grows until adulthood. During that period, he buys clothes, necessities, and additions, so the pet becomes a unique NFT token that the owner can sell. Also, reserves will be offered in individual stores, where you can use TAMA tokens as a payment system.

The current price of TAMA is 40 TAMA for 1 USDT, and the price keeps growing. Thanks to the FOMO that bought worth upwards of $80,000 in Ethereum, the price rapidly jumped last weekend. The cryptocurrency hit the goal of 19 million USDT, which ended the presale much earlier than they predicted. You can join the growing community on Twitter with more than 70k followers or Telegram group with more than 20k members and follow the changes about this currency. Keep in mind that things change rapidly when this currency is about, representing TAMA as the best coin to invest in now.

19 million raise tamadoge

How to find TAMA?

As the presale ended, the next step was listing on crypto exchanges – starting with OKX and their DEX with more CEX listings rumored to be next. However, you should expect the news on 23rd September, when developers will announce more news. You can now join a giveaway and earn $100,000 , but do not worry, even if you are late, since developers will organize a lot of new giveaways in the future, and you will still be able to win battles where your pet can make an award and move up on the leaderboard. 

>> Buy TAMA Now <<

Is IBAT a good model for investing?

Another P2E game, Battle Infinity, and its native token IBAT have attracted a high number of players and investors already. The token has also ended presale shortly, already listed on Pancake Swap, and applied on CEX listings. The game had fantastic success, but it is still not complete. You can buy IBAT on launch day when it is listed on Pancake Swap DEX.

How to play Battle Infinity?

This is also a game and one of the most popular and leading crypto-gaming platforms. It combines a P2E game, NFT, and a rich virtual world. Gamers can earn tokens (denominated in IBAT) in many ways. They can use different avenues and get involved in Battle Infinity’s fantasy sports league, crypto staking, and NFT trading. The game itself is based on the same principle as Tamadoge, but with created avatars that battle between players inside of the online world. IBAT is a BEP-20 token, and its supply is a 10 billion market cap. 

battlevision

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Why is Lucky Block a good investment?

This unique lottery system behind the cryptocurrency Lucky Block ims to gather players worldwide in a massively amazing lottery game that the world has not seen yet. The currency is leveraged on blockchain protocol and operates on Binance Smart Chain. Lucky Block and its native token BLOCK have impressive potential to double your money quickly. Aside from the option of winning the prize, token holders can also create a sustainable financial plan. 

Are you ready to be a millionaire?

Many players increase the chance of winning the price and increasing the currency’s value. Low-margin transactions enable players to participate in lotteries and increase opportunities to win prizes. The game will not be restricted or related to local financial systems. BLOCK is listed on LBank and is a leading centralized exchange CEX. Purchasing the currency will not charge you fees, as it has one thousand gold LB coins for high-ranking. Holders of gold coins can join a member club, and users are enabled to trade BLOCK via a decentralized exchange. 

luckyblock

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Conclusion

If we take all this into account, we can say that Ethereum goes on the new platform, which will cause severe problems for miners. They will not be able to trade in the same way they have used so far, and their investment and earnings will not be possible to use as before. Only a part of current miners will continue Ethereum 2.0, while others will choose new investing models. It is the moment to switch to the games as a cryptocurrency, where Tamadoge, Battle Infinity, and Lucky Block are among the most potential to multiply your money. Besides the tremendous potential, they will engage and entertain you for a long time, which promises stable currency. 

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Ethereum

FTX’s Sam Bankman-Fried Knew More About Alameda Research Finances Than Let On: Forbes Report

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FTX’s Sam Bankman-Fried Knew More About Alameda Research Finances Than Let On: Forbes Report
  • A report by Forbes reveals that Sam Bankman-Fried knew about Alameda Research’s financial dealings.
  • SBF previously denied being “deeply aware” of Alameda’s finances. 
  • The former FTX chief regularly shared documents related to Alameda with Forbes over the past 2 years. 
  • The report indicates that SBF was well aware of Alameda’s business activities. 

An exclusive report published by Forbes has shed light on information that is in contradiction with recent claims made by Sam Bankman-Fried, the man behind the bankrupt crypto exchange FTX. 

Sam Bankman-Fried was aware of Alameda’s finances

In an interview at the DealBook Summit, SBF claimed that he was surprised by how big Alameda’s position was, referring to the risky trades made by his quantitative trading firm. The disgraced CEO tried to avoid accountability for Alameda’s actions by claiming that he was not involved in its day-to-day operations. “Alameda’s finances I was not deeply aware of. I was only surface-level aware of Alameda’s finances” he claimed. 

However, the report by Forbes provides an insight into the discussions they had with SBF in order to calculate his net worth for their annual World’s Billionaires list. During these discussions, Bankman-Fried shared several details that indicated that he was in fact well aware of Alameda Research’s finances. 

In order to prove his net worth, SBF detailed some of Alameda’s major holdings and several transactions involving Solana and Serum tokens as well as the notorious FTT. Some of these details were shared as recently as August 2022. The level of information found in the documents shared by Sam Bankman-Fried suggested that he knew more about Alameda than he revealed during his controversial interview. The former FTX CEO included details about his quant trading firm’s funds along with its token holdings, which at the time included 53 million SOL, 176 million FTT, and more than 3 billion SRM. According to this, the value of his share of Alameda’s funds under management was $8.6 billion. 

FTX's Sam Bankman-Fried Knew More About Alameda Research Finances Than Let On: Forbes Report 11

While it is still unclear as to how involved Sam Bankman-Fried was in the day-to-day operations at Alameda Research, the detailed description of the trading firm’s finances shared by him suggests that he knew more than he let on. 

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Mike Novogratz’s Galaxy Digital might buy crypto custodian GK8 from Celsius

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Mike Novogratz’s Galaxy Digital might buy crypto custodian GK8 from Celsius

Summary:

  • Galaxy Digital won a bid to buy one of Celsius’s assets as part of bankruptcy proceedings for the crypto lender.
  • Mike Novogratz’s company will buy GK8, a custodial business that Celsius acquired over a year ago in November 2021.
  • The custodian plans to launch crypto trading and lending for institutional investors.

Galaxy Digital submitted a successful bid for GK8, a crypto custodial service listed as an asset by Celsius during the lender’s bankruptcy proceedings. Both entity did not disclose the acquisition sum at press time. 

GK8 was acquired by Celsius in November 2021 when the bull run was near its peak. Months after, the lender was crippled by slumped crypto prices and Terra exposure. Celsius paused withdrawals shortly after LUNA and UST imploded in May, before declaring bankruptcy in July,

CEO Mike Novogratz said in a statement that adding GK8 to Galaxy Digital’s businesses offers a key ingredient for growth. Novogratz also addressed concerns regarding possible conflict of interest from the deal, ensuring that “clients will have the option to store their digital assets at or separate from Galaxy”.

Adding GK8 to our prime offering at this pivotal moment for our industry also highlights our continued willingness to take advantage of strategic opportunities to grow Galaxy in a sustainable manner.

Galaxy will also expand its workforce by some 40 employees as part of the deal. The firm hopes to onboard blockchain developers and cryptographers to name a few.

Galaxy Digital scoops Celsius asset after $76.8 million FTX exposure 

The digital asset firm reported losses in Q3 earnings after weathering contagion from Terra’s $40 billion crash. Galaxy’s earning report also revealed exposure to the bankrupt crypto exchange FTX. 

EWN reported that Novogratz’s firm tried to withdraw $47.5 million of the total sum from FTX before Sam Bankman-Fried’s exchange froze withdrawals.  The company

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Coinbase Calls Out Apple For Blocking NFT Transactions On iOS

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Coinbase Calls Out Apple For Blocking NFT Transactions On iOS
  • Coinbase has revealed that its latest app update was blocked by Apple.
  • Users of Coinbase Wallet iOS can no longer send NFTs.
  • Apple reportedly wants 30% of the gas fees levied on NFT transactions.
  • The exchange has warned that this will have a major impact on iPhone users that interact with NFTs.

Coinbase, the largest crypto exchange in the United States, has called out tech giant Apple Inc. for its monopolistic policies on commissions on NFT transactions. In a lengthy Twitter thread earlier today, Coinbase Wallet revealed that Apple had blocked its latest app release. The reason for this restriction is the gas fees associated with NFTs. Apple has reportedly claimed that the gas fees required to send NFTs need to be paid through their In-App Purchase system so that they can collect 30% on the fees. 

Coinbase: 30% commission not possible

The crypto wallet provider has clarified that the demands made by Apple are not possible to meet. The company has further alleged that Apple’s new policies are aimed at protecting their profits at the expense of consumer investment in NFTs. Additionally, this move also creates a hindrance in developer innovation across the crypto ecosystem. 

For anyone who understands how NFTs and blockchains work, this is clearly not possible. Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried.”

According to Coinbase, iPhone users that own NFTs stand to lose the most from Apple’s policy change. The policy will make it difficult for users to transfer NFTs. Coinbase has indicated that it is willing to work with the tech giant to find a solution. 

We hope this is an oversight on Apple’s behalf and an inflection point for further conversations with the ecosystem. @apple – we’re here and want to help

— Coinbase Wallet (@CoinbaseWallet) December 1, 2022

Apple’s de-facto ban on NFT trading

Apple has ignored repeated calls to exempt NFTs from its notorious 30% cut, which has been dubbed the “Apple Tax”. On 24 October 2022, the firm updated its App Store policy, which included guidelines for NFTs as well. This was the official nod from Apple for iOS apps offering in-app NFT buying and selling as well as minting, as long as the “Apple Tax” is paid.  

Per a report by The Information, Apple’s app store policies have had a direct impact on NFT startups. Due to these policies, NFT marketplaces don’t even consider selling through mobile apps, leaving a large portion of potential buyers untapped. According to Magic Eden’s co-founder and Chief Technology Officer Sidney Zhang, Apple’s commissions are the reason why her NFT startup has never offered buy and sell functions on its app. 

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