Cryptonaire Weekly Magazine Edition 283

CONTENTS

WEEKLY CRYPTOCURRENCY MARKET ANALYSIS

$1,400,000,000,000 ASSET MANAGER FRANKLIN TEMPLETON LAUNCHES NEW FUND ON POLYGON (MATIC)

MEME COIN PEPE SURGES BY 152% THIS WEEK, NOW THE FIFTH-LARGEST MEME TOKEN BY MARKET CAP

REVOLUTIONARY TRANSPORTATION ECOSYSTEM ON CARDANO MAKING MOVES IN ASIA

HOUSE OF FASHION NFT COLLECTION TO MINT ON MAY 5

WHERE CRYPTO CAN GROW: DIGITAL ASSET REGULATIONS AROUND THE WORLD

BITCOIN MARKET CAP IS SURGING, BUT A RETREAT FROM $30K CONTINUES

YOUTUBE HELPS RECOVER HACKED CHANNEL THAT ATTEMPTED XRP CRYPTO SCAMS

MASTERCARD LAUNCHES CRYPTO CREDENTIAL SERVICE FOR CROSS-BORDER TRANSFERS

HOW IS THE CRYPTO FAMILY PROJECT IMPACTFUL FOR THE END CONSUMERS?

RISING COST OF LIVING IN THE UK: A SHIFT TOWARDS RESPONSIBLE INVESTING AND CRYPTOCURRENCY

BITCOIN JUST PROCESSED MORE TRANSACTIONS THAN EVER BEFORE

BINANCE CEO “CZ” WARNS JUSTIN SUN & WHALES OVER MISUSING SUI AIRDROP

CRYPTOCURRENCY TRANSFERS COMING TO VENMO USERS IN MAY

HEDERA TRANSACTION VOLUME BLASTS OFF BY 40X IN Q1, BOOSTED BY PANGOLIN DEX

28 33

ETHEREUM CONCLUDES APRIL WITH A NEW ATH FOR ETH 2.0 DEPOSIT CONTRACTS

COINBASE EXEC USES CHATGPT ‘JAILBREAK’ TO GET ODDS ON WILD CRYPTO SCENARIOS

RIPPLE UNLOCKS 1 BILLION XRP FROM ESCROW WALLET AMID PRICE CHANGE

JACK DORSEY’S BLOCK TAKES MAJOR STEP IN BITCOIN MINING CHIP DEVELOPMENT

EDITORS LETTER

Bitcoin rose 2.7% in April, extending its winning streak for the fourth straight month. Coinglass data shows that Bitcoin has risen for the first four months of the year only in 2023 and 2013. The big question is, could the gains continue? Bloomberg reported that four months of consecutive gains has in the past led to a sharp rally of 260% in Bitcoin over the subsequent year.

Although the long-term is bullish, concerns remain in the near term. The United States saw its third regional bank failure since March when JPMorgan Chase took over the ailing First Republic.

Bitcoin bounced off the 50-day simple moving average (SMA) on April 26 and rose above the 20-day exponential moving average (EMA) on April 27. However, the bulls could not sustain the recovery as bears fiercely defended the $30,000 level.

That may have tempted short-term traders to book profits, which pulled the price below the 50-day SMA on May 1.

The bears will try to strengthen their position further by sinking the price below the support at $27,000. If they succeed, the BTC/USD pair may plummet to the breakout level of $25,000.

Another possibility is that the price rebounds off $27,000. If that happens, the pair may oscillate between $27,000 and $30,000 for some time.

The flattening 20-day EMA and the relative strength index (RSI) just below the midpoint suggest a range-bound action in the near term.

This view will be invalidated if the bulls drive the price above $30,000. That could open the doors for a potential rally to $32,400.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue

Karnav Shah Founder, CEO & Editor-in-Chief

CRYPTONAIRE WEEKLY

Cryptonaire Weekly is one of the oldest and trusted sources of Crypto News, Crypto Analysis and information on blockchain technology in the industry, created for the sole purpose to support and guide our Crypto Trading academy clients and subscribers on all the tops, research, analysis and through leadership in the space.

Cryptonaire weekly, endeavours to provide weekly articles, Crypto news and project analysis covering the entire marketplace of the blockchain space. All of us have challenges when facing the crypto market for the first time even blockchainsavvy developers, investors or entrepreneurs with the everchanging technology its hard to keep up with all the changes, opportunities and areas to be cautious of.

With the steady adoption of Bitcoin and other cryptocurrencies around the world, we wanted not only to provide all levels of crypto investors and traders a place which has truly great information, a reliable source of technical analysis, crypto news and top emerging projects in the space.

Having been publishing our weekly crypto magazine ‘Cryptonaire Weekly’ for since early 2017 we have had our fingertips at the cusp of this exciting market breaking through highs of 20k for 1 Bitcoin to the lows of $3500 in early 2021. Our Platinum Crypto Academy clients (students and mentee’s) are always looking for shortcuts to success to minimize expenses and possible loses. This is why we created our Crypto Magazine. Those who wish to invest their assets wisely, stay updated with the latest cryptocurrency news and are interested in blockchain technology will find our Weekly Crypto Magazine a valuable asset!

Featuring in this weeks Edition:

- KatanaInu

- IPMB

- ETukTuk

- Davos

- Maven Token

- Damex

Also Get,

- Markets Analysis

- Kodo

- The House Of Fashion

- MetaDolls

- Crypto Family

- ICONOMI

- Market News Update

- Read Our Latest Blog:

HOW IS THE CRYPTO FAMILY PROJECT IMPACTFUL FOR THE END CONSUMERS?

RISING COST OF LIVING IN THE UK: A SHIFT TOWARDS RESPONSIBLE INVESTING AND CRYPTOCURRENCY

KATANA INU – A GREAT P2E ENVIRONMENT FOR TRADERS, ARTISTS, AND GAMERS

WEEKLY CRYPTOCURRENCY MARKET ANALYSIS

Hello, welcome to this week’s 283rd edition of Cryptonaire Weekly Magazine. The global crypto market cap is $1.16 Trillion, up $10 Billion since the last week. The total crypto market trading volume over the last 24 hours is at 34.89 billion. The DeFi volume is $2.45 Billion, 7.01% of the entire crypto market’s 24-hour trading volume. The volume of all stable coins is $32.42 Billion, which is 92.90% share of the total crypto market volume the last 24 hours. The largest gainers in the industry right now are Polkadot Ecosystem and Algorand Ecosystem cryptocurrencies.

Bitcoin’s price has increased by 2.1% from $27,425 last week to around $28,000 and Ether’s price has decreased by 0.27% from $1,835 last week to $1,830 Bitcoin's market cap is $542 Billion and the altcoin market cap is $618 Billion.

Bitcoin rose 2.7% in April, extending its winning streak for the fourth straight month. Coinglass data shows that Bitcoin has risen for the first four months of the year only in 2023 and 2013. The big question is, could the gains continue? Bloomberg reported that four months of consecutive gains has in the past led to a sharp rally of 260% in Bitcoin over the subsequent year.

Although the long-term is bullish, concerns remain in the near term. The United States saw its third regional bank failure since March when JPMorgan Chase took over the ailing First Republic. While this has given some respite in the near term, Gary Cohn, former chief operating officer at Goldman Sachs, does not believe that the banking crisis has ended. While speaking to CNBC, Cohn said, “There will be other issues out there in the banking world.”

Many consider that the woes in the legacy banking system could increase investor interest in

Percentage of Total Market Capitalization (Dominance)

cryptocurrencies. However, if the banking crisis deepens, it is difficult to predict how Bitcoin will behave. There is a possibility that investors dump it considering it a risky asset and load up on safe haven assets.

Another near-term risk is the large supply of Bitcoin held by the government and Mt. Gox trustee. According to Glassnode data, both these entities hold a combined 343,404 Bitcoin. The movement of such large amounts of Bitcoin could depress the price in the near term. A false alert by blockchain analytics firm Arkham about the movement of coins from Mt. Gox and the US government wallets had caused Bitcoin to plunge about 7% in an hour on April 26.

Bitcoin and the altcoins may remain volatile ahead of the Federal Reserve’s monetary-policy decision on May 3. According to the FedWatch Tool, the probability of a 25 basis-point rate hike has risen to 94.5%. Any suggestion that more rate hikes are needed to curb inflation may pull risky assets lower while an indication of a pause in rate hikes may boost risky assets.

CRYPTO TRADE OPPORTUNITIES

BITCOIN - BTC/USD

profits, which pulled the price below the 50-day SMA on May 1. The bears will try to strengthen their position further by sinking the price below the support at $27,000. If they succeed, the BTC/USD pair may plummet to the breakout level of $25,000.

Another possibility is that the price rebounds off $27,000. If that happens, the pair may oscillate between $27,000 and $30,000 for some time. The flattening 20-day EMA and the relative strength index (RSI) just below the midpoint suggest a range-bound action in the near term.

Bitcoinbouncedoffthe50-daysimplemovingaverage (SMA) on April 26 and rose above the 20-day exponential moving average (EMA) on April 27. However, the bulls could not sustain the recovery as bears fiercely defended the $30,000 level.

That may have tempted short-term traders to book

ETHEREUM - ETH/USD

This view will be invalidated if the bulls drive the price above $30,000. That could open the doors for a potential rally to $32,400.

Previous Analysis...

We had also projected that the 50-day SMA support may break down and that happened on May 1. The 20-day EMA is sloping down gradually and the RSI is in the negative territory, indicating that bears have a slight edge.

There is a minor support at $1,785 but if bears sink the price below it, the decline could reach the crucial level of $1,700. The bulls are expected to aggressively defend this support.

We said in the previous analysis that the bears are trying to flip the 20-day EMA into resistance and they did just that. The bears thwarted several attempts by the bulls to sustain Ether above the 20-day EMA last week.

Contrary to this assumption, if the price turns up from the current level and breaks above the 20-day EMA, it will suggest that the bears may be losing their grip.

The pair may first rise to $2,000 and then ascend to the stiff overhead resistance of $2,200.

Previous Analysis...

Binance Coin rose above $335 on April 25 but the bulls could not challenge the overhead resistance of $350. The price turned down from $345 on April 26 and slumped to the 50-day SMA on April 28.

The bulls are buying the dips to the 50-day SMA and the bears are selling near the resistance line. The flattening 20-day EMA And the RSI near the midpoint suggest a balance between supply and demand.

However, this tight-range trading is unlikely to continue for long. If the price rebounds off the current level and soars above the resistance line, it will suggest that the bulls have overpowered the bears. That could open the doors for a potential rally toward $400.

On the other hand, if the price falls below the 50-day SMA, it will suggest that the uncertainty of the tight range has resolved in favor of the bears. The BNB/ USD pair may then dive to $300 and later to $280.

Previous Analysis...

Buyers tried to propel the price above the 20-day EMA on April 29 but they could not sustain the higher levels as seen from the long wick on the day’s candlestick.

The moving averages are on the verge of a bearish crossover and the RSI has dipped below 44, indicating that bears have the upper hand.

The bears will try to yank the price below the critical support at $0.43. If they succeed, the selling could intensify and the XRP/USD pair may collapse to $0.40 and later to $0.36.

XRP broke below the immediate support at $0.44 on April 26 but the bulls aggressively purchased the dip as seen from the long tail on the day’s candlestick.

This bearish view will be invalidated in the near term if the price breaks and closes above the 20-day EMA. The pair may then surge toward $0.54.

Previous Analysis...

the decline.

The 20-day EMA has started to turn down and the RSI is just below the midpoint, indicating that the bears have a slight edge. If the 50-day SMA gives way, the ADA/USD pair could drop to $0.37.

This level may again act as a support but if it cracks, the selling could accelerate and the pair may descend to $0.33.

Cardano bounced off the 50-day SMA on April 26 but the bulls could not clear the overhead hurdle at the neckline of the inverse head and shoulders pattern. The price turned down and has reached the 50-day SMA where the bulls will try to arrest

The neckline remains the key level to watch for on the upside. A break and close above it will suggest that bulls are back in the game. The pair may then climb to $0.46.

Previous Analysis...

CARDANO - ADA/USD

RIPPLE - XRP/USD

PRESS RELEASE

Etuktuk – the world’s first automotive project built on Cardano–issettoRevolutionisemasstransportation across the globe. Building a dynamic, multi-revenue ecosystem, it balances sustainability with innovation, offering an affordable and accessible alternative to internal combustion engine (ICE) vehicles.

The groundbreaking network will comprise charging stations and eTukTuk’s proprietary EV – a zeroemissions vehicle designed to reduce carbon emissions, noise pollution, and CO2-related health conditions across the developing world.

Affordability for the drivers is at the heart of eTukTuk’s mission. With up to 78% less operational expenditure (compared with the cost of ICE TukTuks), drivers will spend less money, and could earn up to 400% more in take-home pay. Domestic production and assembly will also keep costs low for drivers in each region, and the availability of finance will make adoption even more affordable.

Beginning in Sri Lanka in 2023, the network will begin its operations in Colombo where there are currently 1.2 million ICE TukTuks on the roads. Powered by blockchain technology, it will provide a viable alternative to dwindling fuel stocks and rising oil prices, as well as the opportunity to gain a digital identity for millions of people.

New Partnership Announced

eTukTuk has also announced its partnership with The Capital Maharaja Group (CMG). As the firstmover in the private sector across many industries, CMG is the number one privately held conglomerate in Sri Lanka, with more than 44 global partnerships. Their interests include Chemicals, ICT, Media, Entertainment & Communication, Personal Care and Consumer Products, Plastics, Infrastructure Projects, Shipping and Logistics, and Ceylon Tea.

Working with the Capital Maharaja Group will ensure first-hand expertise of eTukTuk’s first region and the insight into the Sri Lankan markets required for seamless growth of the network. George Cox, CMO at eTukTuk said, “The partnership speaks volumes to the potential of the network in Sri Lanka in the coming years.”

Staking

eTukTuk will be fueled by the TUK token, which will be used to power the growth of the network within Sri Lanka and other countries throughout Asia and Africa. Further information about “Power Staking” will be announced in the coming weeks, but participants can earn rewards for supporting the shared economy, as mentioned in eTukTuk’s White Paper

eTukTuk aims to launch its operations later this year. Paired with The Capital Maharaja Group, they seek to ensure the smooth transition from ICE vehicles to eTukTuks initially throughout Sri Lanka in line with policies to abolish ICE vehicles by 2040.

eTukTuk also recently launched its ambassador program for community members to build awareness. Find out more on Telegram: https://t. me/etuktuk.

Check out eTukTuk online at https://etuktuk.io

The House of Fashion NFT collection will mint on May 5 with the digital collectibles functioning as more than just artworks. The NFT project is an unprecedented collaboration between art, fashion and technology. There will be a collection of 10,000 NFT with 30 backgrounds.

Besides, there will be various other traits, a combination of which will make each NFT unique from another. For instance, there will be 15 skin tones, 53 hair, 15 necklaces, 9 earrings, 27 glasses, 54 clothing, 43 lips and 18 eyes to choose from.

The digital collectible art pieces are created by noted artist and fashion designer Lisa Camero, who plans to bring about a paradigm shift in the world of Web 3.0 fashion. House of Fashion plans to create fashion pieces for new digital platforms wherever consumers will need them. It will be technologyagnostic and will be present wherever the need of the audience is.

The NFT are like access passes to the world of House of Fashion, a Web 3.0 fashion brand. The NFT will have utilities in the physical world as well as in the digital world through their presence in the metaverse. Moreover, there will be real-world fashion shows as well to showcase new fashion and designing talents.

Holders of the digital collectibles will have exclusive access to limited-edition clothing drops, preferred pricing across all its brands, exclusive digital wearables, and entry into future events.

House of Fashion has created waves in the industry with its immersive experiences that merges fashion andtechnology.Itblendsaugmentedrealityorvirtual reality (AR/VR) with fashion, thereby enhancing the runway experience with NFT.

House of Fashion has established itself as a new kind of creative brand that seamlessly integrates the worlds of art, fashion and technology. The brand’s versatility is evident in its three interconnected areas – digital collectibles, exclusive augmented reality filters as well as physical and digital drops.

House of Fashion has recently showcased an immersive launch experience wherein it set a new standard for integrating art, fashion and technology. It provides a glimpse of the future of fashion with its physical and digital collections.

The House of Fashion NFT unlocks many additional benefits for the creative individuals within its community, which comprises talented fashion designers, photographers, videographers, stylists, models and others.

Hitherto, these talented individuals found it difficult to showcase their talent to the wider world. With House of Fashion NFT, they will now get the chance to showcase their designs and creations at Lisa’s fashion shows and get complete help from the House of Fashion NFT team.

The fashion designers within the community will get to participate in the fashion show and will be coached through the creative process.

They will also be funded for their material and will be flown to Miami for the event. Besides, they will also be provided with the makeup artist and models to showcase their designs at the fashion show.

The other holders of the House of Fashion NFT community will have access to shows and events. More importantly, they will be able to experience Lisa’s fashion shows, which are anyway full of surprises.

ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD WHERE CRYPTO CAN GROW: DIGITAL ASSET REGULATIONS AROUND THE WORLD

While many countries have sped up their efforts to regulate cryptocurrencies following a crisisfilled 2022, most still lack a clear framework for the industry to build around.

As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms operating in the space.

There have been some significant regulatory developments in recent weeks, with the European Parliament approving the Markets in Crypto-Assets (MiCA) regulations on April 20, Ukraine announcing it would adopt the same set of rules, and South Korea making progress with its proposed regulations.

The collapse of crypto exchange FTX has led to calls for fast-tracked regulations in numerous countries,withitsbankruptcyresultinginacontagion that contributed to the downfall of many firms it associated with.

SpeakingtoCointelegraph,chairmanandco-founder of Animoca Brands Yat Siu noted that his firm is “very pro-regulation, as that provides a framework that legitimizes the industry.” Sui said that a lack of regulatory clarity could have the opposite effect and create uncertainty, adding:

“Broadly speaking, regulation has seen a much more positive direction in places like Hong Kong, Japan, UAE, and even parts of Europe compared to the U.S., which has attracted capital, talent and jobs in those places.”

Below is a breakdown of crypto regulations in different countries worldwide and whether they provide clear rules for a cryptocurrency industry to be built around, if they are hostile toward crypto firms, or if they lack clear regulations. This is not a definitive list but aims to cover many of the largest countries by gross domestic product and those with unique rules.

YouTube helps recover hacked channel that attempted XRP crypto scams

YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers.

Bitcoin At $28,600 Despite Sale Of First Republic Bank To JP Morgan

After the Bitcoin price slipped below $28,500 late Sunday night (EST), the hoped-for bounce in response to the seizure of First Republic Bank (FRC) has failed to materialize. While recent bank failures have sparked an upward momentum for Bitcoin, the price is currently hovering around $28,600.

First Republic Sold To JP Morgan

Over the weekend, attempts were made to prevent a collapse of First Republic Bank. A few hours ago, the U.S. Deposit Insurance Corporation found a solution: JP Morgan Chase will buy FRC. The banking giant will take over the assets of First Republic Bank.

The California Department of Financial Protection and Innovation (DFPI) announced that the US deposit insurer Federal Deposit Insurance Corporation (FDIC) has accepted JPMorgan’s offer to take over the financially distressed regional bank. First Republic’s branches will reopen as JPMorgan Chase.

Remarkably, even U.S. law was set aside for this, as U.S. banks are not allowed to make acquisitions that would give them more than 10% of U.S. deposits. As The Kobeissi Letter wrote, JP Morgan already owned 16.1% of all U.S. bank deposits prior to the deal. Thus, the largest bank in the U.S. becomes even larger.

Prominent YouTuber DidYouKnowGaming was able to regain access to his YouTube channel, which an anonymous bad actor hacked to promote XRP XRP $0.46 cryptocurrency scamsWhile hacking into YouTube channels to promote scams has been a longstanding method of targeting unwary inves-

tors, the number of creators on the platform reporting hacks has increased. Most recently, DidYouKnowGaming — a YouTuber with 2.4 million subscribers — warned his Twitter followers about a hack.

After gaining access to the account, the hacker changed the YouTuber’s profile and cover images to Ripple’s logo, as shown below.

YouTube’s swift intervention ensured damage control by preventing XRP hackers from

interacting with the channel’s subscribers. Recently, one of the largest YouTube creators, Linus Tech Tips, also reported losing access to his channels.

While the exploit used by the hackers to gain access to YouTube accounts remains a mystery, the victim YouTubers have always

been able to recover their accounts and deleted videos, if any.

The threat to crypto investors from such hacks is prominent, considering the rise of deepfakes, which are fake impersonation videos generated by artificial intelligence (AI) tools.

Mastercard Launches Crypto Credential Service for CrossBorder Transfers

The set of verification standards uses technology from CipherTrace, the wellknown blockchain analytics platform Mastercard agreed to acquire in late 2021.

AUSTIN, Texas — The executive in charge of crypto products and blockchain at Mastercard (MA) said the payment processing company is bringing out a service designed to ensure transactions between users’ wallets are verifiable and compliant, beginning with transfers of digital assets between countries.

In this first crossborder use case, the Mastercard Crypto Credential service, announced Friday by Raj Dhamodharan from the stage at Consensus 2023, allows wallets to be identified

Gemini Warns Barry Silbert's Digital Currency Group of $630M Default Risk

DCG “risks defaulting on its obligations” if it's unable to pay the $630 million debt made to bankrupt Genesis, said Gemini.

Mediation is underway to resolve the outstanding issues between DCG, Genesis, and Gemini.

Per an update, Gemini, Genesis, and its parent company Digital Currency Group (DCG), as well as creditor committees agreed

in transactions that are compliant with requirements such as the Financial Action Task Force's (FATF) "travel rule."

Mastercard Crypto Credential, a set of common standards for attestation of interactions, uses technology from CipherTrace, the wellknown blockchain analytics platform Mastercard agreed to acquire in late 2021.

“If two people want to transfer value from one country to another country, the level of compliance and verification needed is complex,” Dhamodharan said. “So how do you identify those wallets. And how do you exchange enough information about the other party?"

The company further indicated that an order from Bankruptcy Judge Lane to direct the mediation is anticipated to be issued as early as today.

Gemini Earn is Gemini’s now-discontinued high-yield investment service that had Genesis

to initiate “a 30-day mediation process to drive to a final resolution as soon as possible.”

“The mediation will be narrowly focused on DCG’s economic contribution to the bankruptcy estate for the benefit of all creditors, including Earn users, and is designed to bring resolution to the Genesis bankruptcy plan,” read Friday's memo.

as a primary lending partner before the latter halted withdrawals in November 2022.

For Earn users, Gemini said, two important dates to keep in mind are May 8, before which two mediation meetings are planned to take place.

Introduction

The Crypto Family project is a unique initiative aimed at addressing the end consumerissues in the current global economic climate by providing access to powerful financial tools and assets enabling them to thrive and transform their economies. This is achieved through the application of blockchain technologies and a commitment to a noble purpose of assisting everyone in achieving financial freedom.

Allowing individuals to be entrepreneurs and work right fromthe comforts of home

One of the main benefits offered by the Crypto Family project is access to a decentralized finance (DeFi) system, which allows for open transaction execution without relying on traditional financial systems or third-party gateways. This makes it possible for families to interact with businesses on a global scale, even those in remote areas with internet access. The DeFi system is open to everyone, regardless of their level of expertise in the blockchain industry, and offers creative, cutting-edge solutions built on secure infrastructure developed by prominent industry professionals and partners. This ensures families have access to a reliable and trustworthy platform to earn extra income without risking their hard-earned money.

Bringing families together and collaborate as a single common entitybeing one

Another benefit offered by the Crypto Family project is its commitment to a noble purpose of securing and protecting families through technology by creating a supportive and loving community where everyone is welcome and feels at home. This sense of community is crucial in the crypto industry, which has been known to be highly speculative and sentiment-driven. The Crypto Family project creates a safe and welcoming space for families to come together and learn about blockchain technologies, share experiences, and support one another.

Linked with the Royal Family and The Highness of Dubai making the project for real

Furthermore, the Crypto Family project has a global reach, having evolved from its Central European roots and established itself in the United Arab Emirates (UAE) as Crypto Family FZC, a registered entity. The company was formed through a joint venture partnership with The Private Office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi of Sharjah and Ras Al Khaimah emirates. This partnership provides the Crypto Family project with access to a highly crypto-friendly jurisdiction with an advanced financial ecosystem to operate from.

Joint ventures across the globe bringing in extensive funding for the project

The company has also signed joint venture development agreements with a Canadian mining group to develop blockchain-based gold mining projects, headed by Pratap Reddy Udumala. This partnership ensures the Crypto Family project have an access to the latest developments in the blockchain industry and remains at the forefront of technological advancements benefitting all the end consumers at the end of day.

Solving the financial burden to help people deal with unemployment problems

Crypto Family is a decentralized finance (DeFi) project seeking to address the underlying problem of the financial burden caused by out-of-work and irregular employment, fluctuating incomes, and lack of definitive work schedules. The project offers a unique opportunity for individuals to become part of a community and take advantage of the opportunities created through DeFi blockchain systems with adequate knowledge of its potential. Crypto Family aims to create a financial ecosystem accessible to all and provides financial freedom and wealth-generation opportunities for all.

Leaving a global impact to earn without actually mining and disrupting environment

Crypto Family operates on the WAXP blockchain, widely regarded as the best blockchain for NFT transactions, using Proof of Stake consensus and since it is 100% carbon-free, it makes upfor an environment friendly solution.

Userscan be rightful owners of NFTs and token with earnings generated passively Members can rent Family NFTs through a rental package. This allows members to access a range of reward-generating avenues, including cloud mining, NFT production, crypto transaction validation, and expert market analysis, all while enjoying being part of a community. The minimum rental package is $24 for a 90-day cycle, with potential daily reward income of $2. These rewards are divided into equal Cubes, with each Cube of $0.50.

Wallet facility for all to store their assets and use it when needed in uncertain times

We require all users to create an encrypted and stored account. Our platform also features a highly secureddigitalwalletwherememberscanstoretheir rewards. The platform’s network security, network capacity, speed, scalability, and market penetration are monitored by technical teams, ensuring secure and transparent transactions, providing members with peace of mind when conducting transactions on the platform.

Crypto Family is accessible to all irrespective of the background and location

Crypto Family is accessible to everyone, regardless of their location, cultural background, or language proficiency. The platform’s user-friendly interface and support for multiple languages ensuring all members can fully participate and engage with the community. Moreover, the platform’s DeFi nature empowers individuals to participate in an open ecosystemwhereanyonewithaninternetconnection can take full control and generate income through rewards distribution, while maintaining freedom.

Fullauthorityoverone’sownindividualinvestments,

assets, and properties

Crypto Family empowers its members with the freedom to exercise their property rights using smart contracts and Non-Fungible Tokens (NFTs) to purchase properties without any third-party interference. This feature gives members complete control over their investments, providing them with the necessary empowerment to make informed decisions.

DeFi Privacy Crypto Debit Cards for the ease of payments at any given time

The Crypto Family project has partnered with Infinity Masters to provide the Crypto Family Community with the first-ever DeFi Privacy Crypto Debit Cards. This card allows Binance and Ethereum chain users to use their cryptocurrency without the hassle of sending cryptocurrency through major exchanges. The Crypto Family crypto debit card is universal and like any other debit card, and bills, food, gas, and online shopping are not a problem.

Shallow gold mining partnershipsmaking gold available to all consumers

Crypto Family (FZC) is a project that aims to unlock the potential of shallow gold mining and investment. The project is a joint venture between Crypto Family, Crust Canada, and Infinity Brazil Group. The venture is headed by geologist Pratap Reddy Udumala, who has over 30 years of experience in the shallow gold mining sector. The project utilizes innovative technologies through a cluster mining model of developing shallow gold resources. The shallow gold sector involves small-scale mining and artisanal operations that produce approximately 600 to 650 metric tons of gold annually, contributing 15% to 20% of world gold production.The technology currently utilized in the sector is primitive, laborintensive, and has poor recoveries of gold. However, the technology applied by Crust Group not only increases efficiency but also mitigates the dangers of traditional mining methods and usage of dangerous chemicals such as mercury and cyanide, which causes significant environmental damage to nature and communitiesextensively.

E-Wastedisposalleadingtoagreenerenvironment reducing carbon footprint

In India, Crypto Family plans to construct a refinery forprocessingElectronicWaste(E-Scrap)containing printedcircuitBoardsfortherecoveryofgoldutilizing modern chemical-free technologies developed from Canada. India produces approximately 1.9 to 2 million metric tons of E-scrap from major cities in the country. Potential gold recovery from E-Scrap per annum ranges from 70 to 80 metric tons. Once recoveries are established, the company

would capture some of that potential through the expansion of regional refineries.Crypto Family is investing towards establishing processing of electronic E-scrap in India.

Metaverse games for gamers soon going to be launched by Crypto Family in future

Crypto Family aims to build a diverse range of commodity-based assets to help safeguard the value of the Family Token. The company is also creating various games that will allow members to earn rewards from gaming NFTs in the real world. These games will be tailored specifically for the Crypto Family community.

Is Crypto Family an ideal investing background for consumers?

Crypto Family project offer several advantages of investing in gold and commodity-based assets. Gold is a time-tested investment that has been used as a store of value for centuries. It is a scarce resource that is cannot be produced easily, which means that its value is likely to appreciate over time. This makes gold an excellent hedge against inflation and currency fluctuations making Crypto Family a great move for end consumers to get into.

Investing in commodity-based assets can also provideahedgeagainstinflationandothereconomic risks. Commodities such as oil, agricultural products, and precious metals are essential resources that are always in demand. As the global population continues to grow, the demand for these resources is likely to increase, which means that their value is likely to appreciate over time.

Overall, the Crypto Family (FZC) project offers a unique opportunity to invest in the growing gold mining and e-scrap recycling industries. By investing in these industries, members of the Crypto Family community can benefit from the potential appreciation in the value of gold and other commoditieswith a money-back guarantee offered.

$1,400,000,000,000 Asset Manager Franklin Templeton Launches New Fund on Polygon (MATIC)

Investment titan Franklin Templeton says that its blockchain-run mutual fund is now supported on the Ethereum (ETH) layer-2 scaling solution Polygon (MATIC).

The $1.4 trillion asset manager’s Franklin OnChain U.S. Government Money Fund (FOBXX) is the first US-registered mutual fund to use a public blockchain to execute transactions and record share ownership. The fund, which recently surpassed $272 million in assets under management, primarily invests in government securities, cash and repurchase agreements.

In a new statement, Franklin Templeton says that FOBXX is now connected to Polygon. The fund also uses the Stellar network for transaction activities.

“Franklin Templeton

Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market Cap

continues to see operational efficiencies through use of a blockchain-integrated system, including increased security, faster transaction processing and reduced costs, benefiting Fund shareholders.”

Franklin Templeton says it is also tapping into the Ethereum ecosystem to explore opportunities that will benefit its investors.

Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE’s market capitalization has surged from $141 million on April 22 to a current valuation of $303 million.

PEPE Jumps 99% in 24 Hours, Now FifthLargest Meme Token by Market Cap

ization have seen gains. The newly launched cryptocurrency, pepe (PEPE), is leading the pack with triple-digit gains. Data collected from coingecko.com shows that over the last seven days, PEPE has risen 152.9%, with most of the gains coming from the last 24 hours as the token jumped 99% higher on Sunday.

Says

Franklin Templeton head of digital assets

Roger Bayston,

“Extending the reach of the Franklin OnChain U.S. Government Money Fund to Polygon enables the Fund to be further compatible with the rest of the digital ecosystem, specifically through an Ethereumbased blockchain. This furthers our distribution reach through a Layer-2 (L2) blockchain that has a proven track record.”

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On April 30, 2023, the top meme coin crypto assets by market capitalization are worth $19.11 billion. Over the past 24 hours, the valuation of all meme tokens has risen 1.6%. However, only two out of the top five meme coins by market capital-

Bitcoin.com News reported on PEPE and several other meme coin assets eight days ago. At that time, PEPE was the sixth-largest meme token asset by overall valuation. Today, PEPE is the fifth-largest, and the market capitalization recorded on April 22 of $141 million has risen to more than $303 million. On April 30, PEPE had $149.63 million in global trade volume, hovering just below cardano’s (ADA) daily volume on Sunday.

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The cost of living in the UK has been on the rise over the past few years, with soaring energy and fuel prices putting a strain on household budgets, creating a cost of living crisis. These increases are forcing families to re-evaluate their finances and make difficult choices to stay afloat. The cost of living crisis is forcing families to cut back on spending and search for new ways to adapt. Investors are no exception, as they look for strategies to safeguard their portfolios amidst these uncertain times.

The Rising Cost of Living: Why It Matters

The UK has seen a significant rise in the cost of living over the past few years. Several factors have contributed to this increase, including Brexit, supply chain disruptions, a surge in global energy prices, and higher inflation rates. The impact on families is undeniable, with a growing number of households struggling to make ends meet. The cost of essentials such as groceries, transportation, and housing has become increasingly unaffordable, forcing many to cut back on discretionary spending and even dip into their savings to stay afloat.

Investors React: The Shift Towards Responsible Investing

As the cost of living crisis unfolds, investors are looking for new strategies to adapt and protect their financial future. One approach gaining popularity is responsible investing, which takes into account

environmental, social, and governance factors alongside financial performance. This investment strategy aims to promote sustainable business practices, positive societal impact, and long-term financial growth.

Responsible investing aims to promote sustainable business practices and positive societal impact, ultimately contributing to a more stable and resilient economy. As a result, investors are increasingly looking to allocate their funds to responsible investment products that align with their values and have the potential to deliver financial returns that help offset the rising cost of living.

Dollar-Cost Averaging (DCA) with Cryptocurrencies:AStrategyforUncertain Times

One investment approach that could help investors navigate the current financial landscape is dollarcost averaging (DCA) – a strategy that involves regularly investing a fixed amount of money into an asset, regardless of its price. This approach helps investors avoid the risks associated with trying to time the market and instead allows them to build their portfolios incrementally over time.

In recent years, cryptocurrencies have gained traction as an alternative investment option, with platforms like ICONOMI offering investors the

opportunity to diversify their portfolios by allocating funds to various digital assets. Cryptocurrencies have the potential for significant returns and are increasingly being considered as a hedge against traditional financial markets and inflation.

By adopting a DCA strategy with cryptocurrencies on ICONOMI, investors can spread their risk over time and potentially capitalize on the long-term growth of digital assets. Moreover, ICONOMI offers an easy-to-use platform for both beginners and experienced investors, with a range of pre-built portfolios designed to cater to different risk profiles and investment goals

As the cost of living in the UK continues to rise, investors are increasingly considering responsible

investing products and alternative investment strategies to navigate these challenging times. By allocating funds regularly through a dollarcost averaging approach and diversifying your portfolio with cryptocurrencies on ICONOMI, you can potentially create a more resilient financial future in the face of an uncertain economy. The key to success lies in staying informed, being proactive, and adapting your investment strategy to align with the changing economic landscape.

By exploring responsible investing opportunities and incorporating cryptocurrencies into your investment strategy, you are not only safeguarding your finances but also contributing to a more sustainable future. As we continue to grapple with the rising cost of living, it is essential to remain flexible and consider new approaches to wealth management.

Bitcoin Just Processed More Transactions Than Ever Before

Bitcoin has blown its previous record for daily transactions, set during the 2017 bull run, out of the water.

Bitcoin just processed more transactions in a single day than at any point in its 14-year history — thanks to Ordinals.

The daily number of Bitcoin transactions surged beyond 568,300 on Sunday — nearly 78,000 more than its previous peak during

the top of the 2017 bull run.

Over 307,000 of those transactions were Ordinals, the most on a single day ever and a 16% jump on the previous record set on Saturday, per a Dune dashboard.

That means Ordinals contributed around 54% of Bitcoin’s daily transactions at its all-time record.

Debuted in January,

Binance CEO “CZ”

Warns Justin Sun & Whales Over Misusing SUI Airdrop

Binance CEO "CZ" warns Justin Sun about taking action against him if

he tries to misuse the Binance Launchpool's SUI airdrop.

Ordinals allow data such as audio, art or even video games, to be attached (or “inscribed”) to individual satoshis, BTC’s smallest unit.

The result is a unique digital asset in the same vein as an Ethereumbased NFT, for example. Although, the relevant data exists entirely on the Bitcoin blockchain, rather than hosted exter-

nally, as is often the case.

More than 2.39 million Ordinals have been inscribed to date, per Glassnode, which said it has seen a “marked character shift” in Bitcoin mempools this year (Bitcoin mempools store unconfirmed bitcoin transactions).

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Binance CEO Changpeng “CZ” Zhao on Monday said crypto exchange Binance will take action against Tron founder Justin Sun if he tries to misuse the Binance Launchpool’s SUI airdrop starting today, May 1. The move came after Justin Sun dumped millions of TUSD stablecoins to Binance.

Justin Sun responded that he has no intention of participating in any exchange promotions and the TUSD transferred earlier were part of providing liquidity between leading TUSD exchanges.

Binance CEO in a tweet on May 1 revealed that the Binance team has warned Justin Sun over

potential action against him if he uses TUSD transferred to Binance to grab the Launchpool SUI Token airdrop.

Binance CEO further added that the Binance Launchpool airdrops are for retail customers and not for him or any whales. He ended the tweet with a rough statement, saying “On the bright side, blockchains are transparent.” It meant that if Justin Sun tries to get SUI tokens from this sale of TUSD they will get to know through blockchain data.

Justin Sun replied that the primary reason behind depositing TUSD is to facilitate market-making between leading TUSD exchanges,

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Cryptocurrency

Transfers Coming to Venmo Users in May

Back in 2021, Venmo allowed users to buy and sell crypto. Now it will let them send their tokens as if it was actual money.

On April 28, Venmo, a popular mobile payment platform owned by PayPal, announced that in the coming weeks, it will enable a new feature allowing users to transfer cryptocurrencies on and off the platform. This move is seen as part of Venmo’s continuous efforts to cater to the growing demand for crypto-based services among its user base.

According to a press release, the new feature will offer more options

Hedera Transaction Volume Blasts Off by 40x in Q1, Boosted by Pangolin DEX

Hedera saw massive growth in Q1 2023, with transaction volumes growing 40 times. TVL also saw a sizable increase of 52%.

The Hedera network experienced a massive increase of 40x quarter-over-quarter in the first quarter of 2023, according to a Messari

report published on April 30.

Hedera Gathering Momentum

The total number of transactions actually grew by a factor of 40, with average daily transactions amounting to roughly 40 million.

The transaction volume growth was the stand-

and flexibility to move and manage cryptocurrencies. It is expected to be active starting May 2023, giving users an additional layer of convenience when handling their digital assets.

Growth in Crypto

Significant

Users on Venmo Venmo reported that since early 2023, nearly 50% of its customers with cryptocurrency balances increased their stash due to its security and ease of use. This impressive growth highlights the rising interest in cryptocurrencies and the need for more accessible tools and platforms to manage them.

out metric in the report, though Hedera also showed impressive performance in other areas of growth. The number of average daily users grew by about 350% quarter-over-quarter, and the number of new accounts created increased by 170%.

There are several reasons why Hedera has been experiencing such substantial growth. The general ecosystem has been growing, with new

DEXs and existing ones contributing to the network’s expansion.

TVL Also Sees Sizable Growth in Q1

The DeFi platforms on Hedera have also helped increase the total value locked into the network. This figure grew by 52% in the last quarter, with the launch of Pangolin DEX significantly contributing to the success.

P2E NFT games have become a popular way for people in developing countries to earn a living. In the Philippines, for example, people are turning to games like Axie Infinity as a source of income, with some players earning as much as hundreds of dollars per month.

This is what lead to Katana Inu ($KATA), a comprehensive environment for gamers and traders, fueled by DeFi and NFT. Their goal is to not only provide an avenue for a wholesome entertainment and enjoyment but also to act as a earning forum making genuine income for its participants.

Toachievethisobjective,theKatanaInuenvironment combines gaming and crypto elements, delivering a fun and lucrative experience for gamers. Katana Inu is the creation of Chain Vision Games, a team of Entrepreneurial blockchain fans and traders from all over the world.

Understanding Katana Inu in brief

Katana Inu gets altogether NFT Marketplace, a robust platform for trading and integrating varied elements from the world of NFTs. The platform does give dual benefits to gamers in the form of not just gaming but even trading.

This is why they have established a symbiosis between the gaming platform and the NFT

Marketplace. The Katana Inu marketplace help its users connect, get verified results, and, as a bonus, earn rewards for their coin holdings.

NFT integration enables players to get rewarded for participation; that’s why they integrated blockchain and NFTs into our Battle Royale game. Due to complex technical analysis or emotional burdens, traditional daily trading is not suitable for everyone.

However, what you are looking here is a game system enabling players to become traders or investors.Thegameaccompaniesvariousmechanics and characters such that there is something for everyone in the world of Katana Inu.

Simply choose your character, equip them with unique skins and in-game items, and win. You can acquire new NFTs, purchase them from their owners, and use them to outperform others within the game.

It’s just a matter of time when the minting of Katana NFTs begins on April 15 this year. So, buckle up to mint Katana Inu NFTs in less than two weeks from now this month!

PeekinginsideKatanaInuNFTMarketplace

As the tagline says, this is a marketplace meant for just about everyone. A vital feature of the Katana

Inu platform is its inherent NFT trading platform, which acts as a center for buying and selling NonFungible Tokens (NFTs).

Not just that but even other games and digital artists from all around can use this NFT marketplace to sell their art pieces for ETH, KATA, Stablecoins, or even in their native currencies. There is much more for holders of $KATA and additionally gamers to trade, buy, stake in-game items with the likes of avatars, weapons, skins, and more used while playing the game.

More about Katana Inu Game

Katana Inu has embarked upon a novel approach to 3Dgaming.Withhigh-qualitygraphics,photorealistic visuals, functional 3D characters, and weapon models – all mintable as NFTs, this game is surely to blow the minds of avid gamers.

There is a 5v5 team gameplay and an open-world Battle Royale to expect with this game. Each game character has hidden abilities with a distinct set of skills, and they get unlocked as and when accomplishing challenges through the gameplay.

By connecting these engaging game concepts with the notion of NFTs, the Katana Inu game aims to deliver a PC-gaming experience like no other. Players can search for and discover loot boxes (with real value), have their loot sold on the NFT marketplace, and generate an ongoing passive income.

Monthly tournaments are, wherein, they can participate to win rare NFTs and $KATA coins. Furthermore, live tournaments streaming is what Katana plans on Twitch, YouTube, and other social media networks.

As the platform expands, don’t be surprised to see Katana Inu streamers becoming online celebrities. It’s a win-win scenario wherein the gamers not just help grow the platform, but even attract more players into the Katana ecosystem.

A younger generation of gamers are sure shot to migrate on this platform, as the more one plays, the more that individual earns, and the more s(he) falls in love with the game! In addition to all these, Katana

Inu wants to act as an educational facilitator for newbies to get going easily with complex concepts like Play-to-Earn, Blockchain, and DeFi.

ComparingitwithbestP2EContemporaries

There are several P2E NFT games in the market, and comparing Katana Inu to all of them would be a lengthy task. However, here are some key differences and similarities between Katana Inu and some of the top P2E NFT games currently in the market:

1 .Axie Infinity: Axie Infinity is currently one of the most popular P2E NFT games, and it is similar to Katana Inu in that it combines blockchain technology and gaming. However, Axie Infinity is focused on a turn-based strategy game where players collect and breed Axies, which are NFT-based creatures. In contrast, Katana Inu is a 3D game that combines elements of Battle Royale and team-based gameplay. Additionally, Katana Inu has a native NFT marketplace that other games and artists can use, which is not present in Axie Infinity.

2. My DeFi Pet: My DeFi Pet is another P2E NFT game that allows players to collect, breed, and battle pets. The game has similarities with Axie Infinity, but it uses a different art style, and the pets are more focused on cute and cuddly designs. Katana Inu, on the other hand, has a more serious art style, with high-end graphics and photorealistic visuals.

3. The Sandbox: The Sandbox virtual world is a wonderfully popular world allowing players to do multiple things like building, owning, and monetizing gaming and that too experiencing a great deal of blockchain technology. It is similar to Katana Inu in that it combines gaming and blockchain, but the gameplay mechanics are different. The Sandbox

is more focused on building and designing, while Katana Inu is focused on gameplay. Additionally, Katana Inu has a native NFT marketplace that is not present in The Sandbox.

How Katana Inu stands out from other Play-to-Earn (P2E) NFT games?

Firstly, it offers an all-encompassing ecosystem combining the elements of gaming and crypto, creating an enjoyable and rewarding experience for players, traders, and artists alike. It is not just a game or an NFT marketplace, but a complete ecosystem designed to provide real income to its participants.

Secondly, there is a high-quality 3D gaming offered by Katana Inu accompanied with different models of weapons, 3D avatar characters, and photorealistic visuals – all mintable as NFTs. The game modes available include an open-world Battle Royale and competitive 5v5 team gameplay on smaller maps.

Thirdly, Katana Inu provides its users with an NFT marketplace as a trading platform integrating different elements from the world of NFTs. This creates a symbiotic relationship between the game platform and the NFT marketplace, allowing users to not only enjoy gaming but also participate in trading.

Additionally, Katana Inu offers monthly tournaments with the chance of winning rare NFTs and KATA tokens. It offers live stream tournaments on Twitch, YouTube, and other social media networks. As the platform grows, it plans to have Katana Inu streamers who will become online celebrities and help grow the platform and bring more players into the Katana ecosystem.

Future Prospects of Katana Inu in P2E Gaming

The Play-to-Earn (P2E) NFT games offer a unique opportunity for players to earn real money by playing video games. This is made possible by integrating blockchain and NFT technology into the game mechanics, allowing players to own and trade in-game items as digital assets with real-world value. This opens up several real-life use cases for P2E NFT games, including:

1. Job Opportunities: P2E NFT games have created a new industry for game developers, blockchain experts, and content creators. As the popularity of these games grows, there will be a need for more professionals to develop, market, and manage these games, which will create job opportunities for people with the required skill sets.

2. Investment Opportunities: P2E NFT allow players to earn real money by buying, selling, and trading in-game items as digital assets. This creates investment opportunities for players who can use their gaming skills to make a profit.

3. Education Facilitation: P2E NFT games have the potential to teach players about blockchain, cryptocurrency, and other related concepts. By playing these games, players can learn about decentralized finance (DeFi), digital assets, and the potential of blockchain technology.

4. Philanthropical Contribution: P2E NFT games can also be used to support social causes and charitable organizations. Players can donate a portion of their earnings to a cause of their choice or participate in charity events organized by the game developers.

Concluding Thoughts

The NFT market for gaming has grown significantly in the last few years. According to NonFungible. com, the total sales volume of gaming-related NFTs reached billions of dollars in recent times, from millions of dollars a couple of years back, showcasing a phenomenal rise in no time.

Katana Inu is an NFT and DeFi powering complete ecosystem for both traders as well as gamers. The platform provides an avenue for entertainment and fun, while also serving as a platform, generating real income for its participants. With features like the NFT marketplace, PC gaming experience, and educational facilitator, Katana Inu is set to become a leading platform for gamers and traders.

Ethereum concludes April with a new ATH for ETH 2.0 deposit contracts

Coinbase exec uses ChatGPT ‘jailbreak’ to get odds on wild crypto scenarios

According to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035.

A Coinbase executive claims to have discovered a “jailbreak” for the artificial intelligence tool ChatGPT that allows it to calculate the probability of bizarre crypto price scenarios.

of ETH $1,835 becoming irrelevant and approaching near-zero price levels by 2035.

ChatGPT was even less confident about LTC $88.57and Dogecoin $0.08, however, attributing probabilities of 35% and 45% respectively for the coins to go to near zero.

Although ETH staked and deposit contracts have reached new highs, ETH’s price action has not necessarily reaped the benefits.

Ethereum staking and deposit contracts soar to new ATHs.

ETH struggles to regain bullish momentum as whales sell pressure prevails.

Now is a good time to assess Ethereum and its native coin’s performance as April comes to its conclusion. ETH managed to push to a new YTD high during mid-month but investors’ confidence has dwindled since.

However, there is one aspect of the network that may rejuvenate investors’ interest.

Although ETH’s price action has been affected by shifting market dynamics, there is one area in which Ethereum has maintained a more pleasing performance.

According to a recent Glassnode report, ETH 2.0 deposit contracts have been experiencing robust growth and recently reached a new all-time high.

But what does it mean for the network? Well, the higher deposit contracts reflect more confidence in the network.

It also reflects the growing amount of ETH staked. The total value of ETH staked stood at slightly over 19 million ETH and was at a new all-time high (ATH), at the time of writing.

The crypto exchange’s head of business operations Conor Grogan, an avid ChatGPT user, shared a screenshot of the results in an April 30 tweet — showing that ChatGPT states there be a 15% chance that BTC $28,068 will “fade to irrelevancy” with prices falling over 99.99% by 2035.

Meanwhile, the chatbot assigned a 20% chance

The Coinbase executive concluded that ChatGPT is “generally” a “big fan” of Bitcoin but remains “more skeptical” when it comes to altcoins.

Prior to the cryptocurrency predictions, Grogan asked ChatGPT to assign odds to several political predictions involving Russian President Vladimir Putin, U.S. President Joe Biden and former U.S. President Donald Trump.

U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

Rep. Patrick McHenry said the House Financial Services Committee and the Agriculture panel will meet jointly in May as they work on crypto legislation.

AUSTIN, Texas — The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting in May, said Rep. Patrick McHenry (R–N.C.), chair of the House Financial Services Committee.

Jack Dorsey’s Block Takes Major Step In Bitcoin Mining Chip Development

Block, a company owned by former Twitter CEO Jack Dorsey, has completed the prototype design of a 5-nanometer highperformance Bitcoin mining ASIC. The company announced this in an update post on April 28, 2023.

The US firm noted that developing bitcoin mining ASICs is a technically and financially chal-

lenging task. This led to a high level of centralization of the supply of Bitcoin mining ASIC, which it deems detrimental to miners and the Bitcoin network.

According to the post, the advances made in the past few months will allow the Block to experiment with design variants and validate their work to provide affordable Bitcoin

When asked whether such a bill could be signed by President Joe Biden in the next 12 months, McHenry told a crowd at CoinDesk's Consensus 2023 event, "yes." The key lawmaker was quick to provide a rider that it's always a challenge to legislate something new into existence.

"What we plan to do over the next two months is report a deal out," McHenry said. He added that the bill will address both securities and commodities regimes and issues that are hard to fix on either side.

mining chips. In addition, the company has bought a batch of ASIC chips from Intel.

Intel had earlier in March said it had suspended production of ASIC chips for Bitcoin mining. The tech giant had launched its Blockscale line in April 2022 catering to increased demand for Bitcoin mining. However, it appears to be taking a new direc-

tion and will stop taking orders for Blockscale chips by October 20, 2023, and end production by April 2024.

Block intends to take advantage of this to fast-track its development of proprietary mining kits using 3-nanometer chips, considered the most advanced chip technology to date.

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