A new crypto project backed by Polygon Labs and Animoca Brands is introducing a “proof of humanity” protocol that uses palm recognition technology. How It Works The protocol uses palm scanning to verify users’ identities, ensuring they are real people and not AI. This is similar to how Worldcoin uses iris scanning. Advantages The protocol…
Analyst’s Track Record Dave the Wave, a trader who accurately predicted the May 2021 crypto crash, has released a price prediction for Bitcoin (BTC) based on a reliable historical model. Logarithmic Growth Curve (LGC) The LGC model predicts Bitcoin’s market cycle highs and lows by filtering out short-term volatility. Dave the Wave believes Bitcoin will…
A long-dormant Ethereum whale from the 2014 ICO has come to life, depositing a significant amount of ETH into the Kraken exchange. Whale’s Massive Investment The whale purchased Ethereum at the ICO price of $0.31. If they were to sell their ETH above $3,000, they would have made a staggering 10,000x or 1,000,000% return on…
Worldcoin’s Surge The cryptocurrency Worldcoin (WLD) has skyrocketed by 188% in the past two weeks. This surge is partly attributed to the popularity of OpenAI’s Sora text-to-video app, which uses WLD as its native token. Benefitting Creditors This surge has provided significant relief to two of WLD’s largest holders: Three Arrows Capital (3AC) and FTX’s…
US Exchanges Dominate the Scene Recent data from Bloomberg shows that Bitcoin liquidity is shifting towards US crypto exchanges. Spot exchange-traded funds (ETFs) for Bitcoin have played a key role in this shift. Rise of Spot Bitcoin ETFs The launch of spot Bitcoin ETFs in the US has attracted billions of dollars in investment. These…
Background Polygon, Animoca Brands, and The Human Institute have teamed up to introduce a groundbreaking AI technology for identity verification. Humanity Protocol: Proof of Humanity via Palm Recognition Led by Terence Kwok, Humanity Protocol aims to establish Proof of Humanity in Web3 using palm recognition. This non-invasive method offers an alternative to traditional identity verification…
Whale Exits at $3,000 An Ethereum “whale” (a big-time holder) who bought into the initial coin offering (ICO) in 2014 recently cashed out a portion of their holdings when the price hit $3,000. They bought 3,465 Ethereum (ETH) for about $10.30 each during the ICO and held onto it for 8.6 years. Speculation and Analysis…
A mysterious crypto whale has been on a buying spree, amassing over 64,000 Ethereum (ETH) worth $178.9 million in just 11 days. Acquisition Spree According to blockchain data, the whale began accumulating ETH on February 8th, initially acquiring 1,100 ETH. Days later, they added 9,959 ETH from Binance, followed by 21,353 ETH purchased with $60…
The controversial biometric crypto project Worldcoin (WLD) has surged by nearly 185%, setting a new all-time high. This surge coincides with the project’s announcement that its World App wallet has surpassed 1 million daily users. Eye-Scanning Technology Worldcoin uses a helmet-shaped device called the Orb to scan people’s eyes and verify their identity. Users must…
Crypto analyst Michaël van de Poppe believes that Bitcoin’s dominance is waning, and other cryptocurrencies, particularly those in the DeFi and DePIN sectors, are set to surge. DeFi and DePIN to Lead the Charge Van de Poppe told his followers that DeFi (decentralized finance) and DePIN (decentralized physical infrastructure) projects are likely to significantly outperform…
