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Munkai is a decentralized multifunctional platform that allows its users (the creators and readers) to create and read comics on the platform. It is the first Read to Earn (R2E) comic platform on the blockchain for comic fans, crypto enthusiasts, and creators. Munkai creates a marketplace for creators to mint their characters as NFTs for fans to bid. Generally, it is a platform where comic artists and crypto enthusiasts merge their creativity and passion to interact as one. Readers will earn the Munkai token from paying to read comics on the platform there by becoming $MUNK holders while artists/creators make money from readers who pay to read their work.
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MUNKAI PRESALE/LAUNCH
Buy Presale on Pinksale
KYC AND AUDIT
Munkai contract has been audited:
Audit Report
Munkai is undergoing the KYC process
COMMUNITY
Join the Telegram community.
Join the Telegram News channel.
SOCIAL MEDIA PLATFORMS
Kindly follow and engage on our social media platforms
Twitter, Instagram and YouTube
Tron will bail out small cryptocurrency companies to the tune of $5 billion
This was announced by the founder of the company Justin Sun!
Tron has joined Binance - not to be alone in this "samurai" journey😁
"I think the current de-leveraging process has gone through its worst period. So all we have to do is clean up and move on. Of course, I don't think the market will be super bullish," commented Sun.
The amount announced will include both San's personal funds and Tron's assets.
Wondering whom Tron will help first🤔
This was announced by the founder of the company Justin Sun!
Tron has joined Binance - not to be alone in this "samurai" journey😁
"I think the current de-leveraging process has gone through its worst period. So all we have to do is clean up and move on. Of course, I don't think the market will be super bullish," commented Sun.
The amount announced will include both San's personal funds and Tron's assets.
Wondering whom Tron will help first🤔
DogeCoin "owner" has changed his mind about buying Twitter
Yeah, that's the kind of news we can't miss🙌🏻
Elon Musk has announced that he is backing out of a deal to buy social networking site Twitter, which was valued at $44 billion.
The company's stock has once again "choked" and is down 6%.
Naturally, Twitter is going to sue Musk over the issue, as his withdrawal from the deal is a controversial moment from a legal point of view.
For his part, Elon justified his refusal by the number of fake accounts, which turned out to be much higher than the officially declared "less than 5% of the daily number of users" in the social network.
Yeah, that's the kind of news we can't miss🙌🏻
Elon Musk has announced that he is backing out of a deal to buy social networking site Twitter, which was valued at $44 billion.
The company's stock has once again "choked" and is down 6%.
Naturally, Twitter is going to sue Musk over the issue, as his withdrawal from the deal is a controversial moment from a legal point of view.
For his part, Elon justified his refusal by the number of fake accounts, which turned out to be much higher than the officially declared "less than 5% of the daily number of users" in the social network.
Marathon mining company reduced BTC mining by 44%
Marathon Digital Holdings mined 707 BTC during the second quarter of 2022. This result is 43.8% less than the first three months of the year. Mining of the first cryptocurrency began to decline in April. In turn, the worst month was June - 140 BTC.
The reason is the damage to the power plant in Hardin, which was hit by a hurricane. As well as the general deterioration of power supply to facilities in Texas.
So, not only the drop in the market, but also the banal lack of resources can reduce the profits of miners.
Marathon Digital Holdings mined 707 BTC during the second quarter of 2022. This result is 43.8% less than the first three months of the year. Mining of the first cryptocurrency began to decline in April. In turn, the worst month was June - 140 BTC.
The reason is the damage to the power plant in Hardin, which was hit by a hurricane. As well as the general deterioration of power supply to facilities in Texas.
So, not only the drop in the market, but also the banal lack of resources can reduce the profits of miners.
Jewelry company Graff Diamonds paid $7.5 million in bitcoin ransom
Hackers forced British jewelry company Graff Diamonds to pay $15 million in bitcoins.
If not paid, the group of hackers threatened to release the personal information of famous customers, and they included the popular Oprah Winfrey, David Beckham, Donald Trump, the Sultan of Brunei and members of the royal family from the Middle East.
The company wired half of the requested amount to the extortionists, and the hackers were satisfied.
After the bitcoins were paid, Graff sued the Travelers insurance company for refusing to cover the costs, even though such cases are covered by insurance.
Hackers forced British jewelry company Graff Diamonds to pay $15 million in bitcoins.
If not paid, the group of hackers threatened to release the personal information of famous customers, and they included the popular Oprah Winfrey, David Beckham, Donald Trump, the Sultan of Brunei and members of the royal family from the Middle East.
The company wired half of the requested amount to the extortionists, and the hackers were satisfied.
After the bitcoins were paid, Graff sued the Travelers insurance company for refusing to cover the costs, even though such cases are covered by insurance.
Justin Sun will bail out small cryptocurrency companies to the tune of $5 billion
Tron has joined Binance - not to be alone in this "samurai" journey😁
"I think the current de-leveraging process has gone through its worst period. So all we have to do is clean up and move on. Of course, I don't think the market will be super bullish," commented Sun.
The amount announced will include both San's personal funds and Tron's assets.
Tron has joined Binance - not to be alone in this "samurai" journey😁
"I think the current de-leveraging process has gone through its worst period. So all we have to do is clean up and move on. Of course, I don't think the market will be super bullish," commented Sun.
The amount announced will include both San's personal funds and Tron's assets.
The Fed said it intends to tighten regulation of the digital asset market
Such an initiative was said in the context of the fall of the cryptocurrency market.
This fact shows the serious vulnerabilities" of this system - this was stated by the vice-chairman of the Fed Lael Brainard.
Brainard questioned whether bitcoin is a hedge against inflation and noted that cryptocurrencies are highly correlated with high-risk assets.
“While touted as a fundamental break from traditional finance, the crypto financial system turns out to be susceptible to the same risks that are all too familiar from traditional finance, such as leverage, settlement, opacity, and maturity and liquidity transformation...," said Fed Vice Chair Lael Brainard.
Such an initiative was said in the context of the fall of the cryptocurrency market.
This fact shows the serious vulnerabilities" of this system - this was stated by the vice-chairman of the Fed Lael Brainard.
Brainard questioned whether bitcoin is a hedge against inflation and noted that cryptocurrencies are highly correlated with high-risk assets.
“While touted as a fundamental break from traditional finance, the crypto financial system turns out to be susceptible to the same risks that are all too familiar from traditional finance, such as leverage, settlement, opacity, and maturity and liquidity transformation...," said Fed Vice Chair Lael Brainard.
Poll: Bitcoin is more likely to drop to $10,000 than return to $30,000.
MLIV Pulse surveyed 650 investors and 60% of them believe bitcoin will fall to $10k per coin.
And only 40% of those surveyed believe in $30k per BTC.
Of course, such polls don't say anything by themselves: they are a logical reflection of cryptozyme. If everyone believed in bitcoin at $100k, probably, there would not be a decline.
But still it's interesting data: the mood among investors is really bearish.
MLIV Pulse surveyed 650 investors and 60% of them believe bitcoin will fall to $10k per coin.
And only 40% of those surveyed believe in $30k per BTC.
Of course, such polls don't say anything by themselves: they are a logical reflection of cryptozyme. If everyone believed in bitcoin at $100k, probably, there would not be a decline.
But still it's interesting data: the mood among investors is really bearish.
Bitcoin stabilized around $19,500
Bitcoin managed to stabilize today after falling below $20,000. Bitcoin has fallen about 11% since the end of last week.
Bitcoin was stable ahead of the release of U.S. inflation data. If consumer prices are up no more than 8.5% year over year, the dollar will weaken. That's when we should expect a rebound in the tech sector and BTC, said Chris Weston, head of research at Pepperstone Group.
Analyst Katie Stockton of Fairlead Strategies predicts that the BTC correction is likely to continue in the coming days. The coin could fall to $18,300, but a stronger pullback is unlikely, and bitcoin should rebound quickly to $19,500.
Bitcoin managed to stabilize today after falling below $20,000. Bitcoin has fallen about 11% since the end of last week.
Bitcoin was stable ahead of the release of U.S. inflation data. If consumer prices are up no more than 8.5% year over year, the dollar will weaken. That's when we should expect a rebound in the tech sector and BTC, said Chris Weston, head of research at Pepperstone Group.
Analyst Katie Stockton of Fairlead Strategies predicts that the BTC correction is likely to continue in the coming days. The coin could fall to $18,300, but a stronger pullback is unlikely, and bitcoin should rebound quickly to $19,500.
BIS calls on central banks to create "bridges" between CBDC platforms
BIS, the International Monetary Fund and the World Bank published a new report this week calling for a system of "bridges" between CBDC platforms.
The gist of the concept is to create software that allows tokens to interact with each other. Simply put, financial institutions want each CBDC platform to be compatible with other similar platforms.
And researchers at BIS and the IMF do not rule out the possibility of creating a universal platform for the deployment and interaction of multiple CBDCs simultaneously.
For this purpose, central banks must work together to develop a global standard for regulating transactions with such instruments, which will minimize the risks of their criminal use.
BIS, the International Monetary Fund and the World Bank published a new report this week calling for a system of "bridges" between CBDC platforms.
The gist of the concept is to create software that allows tokens to interact with each other. Simply put, financial institutions want each CBDC platform to be compatible with other similar platforms.
And researchers at BIS and the IMF do not rule out the possibility of creating a universal platform for the deployment and interaction of multiple CBDCs simultaneously.
For this purpose, central banks must work together to develop a global standard for regulating transactions with such instruments, which will minimize the risks of their criminal use.
GameStop presented its own NFT-platform
The company unveiled a platform for NFT token transactions this week. The retailer noted in a statement that both gamers and ordinary industry supporters will be able to buy, sell and trade digital collections.
More than 230 collections have been listed on the marketplace since its launch. The platform has been deployed on ethereum. Developers promise to add support for ImmutableX in the near future.
GameStop's press office stressed, "Over time, the marketplace will expand functionality to encompass additional categories such as Web3 gaming, more creators and other Ethereum environments."
The company unveiled a platform for NFT token transactions this week. The retailer noted in a statement that both gamers and ordinary industry supporters will be able to buy, sell and trade digital collections.
More than 230 collections have been listed on the marketplace since its launch. The platform has been deployed on ethereum. Developers promise to add support for ImmutableX in the near future.
GameStop's press office stressed, "Over time, the marketplace will expand functionality to encompass additional categories such as Web3 gaming, more creators and other Ethereum environments."
Whales took advantage of June's bitcoin crash
The Santiment team found that while panickers were dumping BTC, mid-sized and large wallets were buying the drop. The researchers' report said that addresses holding more than 10 coins took advantage of the June bitcoin crash.
The number of such investors rose to the highest level since last February (+1.12%). They have been actively buying the cryptocurrency on the low side for the past 30 days.
There are currently approximately 149,200 addresses controlling at least 10 BTC. The number of whale wallets with balances over 1,000 coins has reached 2,182.
The Santiment team found that while panickers were dumping BTC, mid-sized and large wallets were buying the drop. The researchers' report said that addresses holding more than 10 coins took advantage of the June bitcoin crash.
The number of such investors rose to the highest level since last February (+1.12%). They have been actively buying the cryptocurrency on the low side for the past 30 days.
There are currently approximately 149,200 addresses controlling at least 10 BTC. The number of whale wallets with balances over 1,000 coins has reached 2,182.
❤2
Financier Charlie Munger has come down on bitcoin again
This week, the financier reiterated his stance and called the cryptosphere a "sewer." All virtual coins, according to Munger, have no real value. The industry is inundated with fraudsters, the billionaire stressed in an interview with the Australian Financial Review.
Munger called people who bought bitcoins crazy. Cryptocurrency is more harmful to the environment. In addition, criminals use it to launder money.
This week, the financier reiterated his stance and called the cryptosphere a "sewer." All virtual coins, according to Munger, have no real value. The industry is inundated with fraudsters, the billionaire stressed in an interview with the Australian Financial Review.
Munger called people who bought bitcoins crazy. Cryptocurrency is more harmful to the environment. In addition, criminals use it to launder money.
Bitcoin hash rate dropped 27% in 24 hours
Many major mining companies were forced to shut down equipment for technical reasons.
Miners in Texas shut down due to a sharp increase in demand for electricity amid a forty-degree heat wave. In addition, the windless weather does not allow to increase the supply of electricity by alternative energy sources.
Iranian miners cannot use the electricity supply because the authorities have restricted electricity consumption for cryptocurrency mining.
Bitcoin's hash rate dropped to 159.41 EH/s, the lowest in half a year. In the last 24 hours, it has dropped 27%.
Many major mining companies were forced to shut down equipment for technical reasons.
Miners in Texas shut down due to a sharp increase in demand for electricity amid a forty-degree heat wave. In addition, the windless weather does not allow to increase the supply of electricity by alternative energy sources.
Iranian miners cannot use the electricity supply because the authorities have restricted electricity consumption for cryptocurrency mining.
Bitcoin's hash rate dropped to 159.41 EH/s, the lowest in half a year. In the last 24 hours, it has dropped 27%.
The government of Dubai will move to the metaverse.
Just read what Cybergear, the director of the metaverse at Dubai's metaverse company (the job title is certainly fire🔥🔥), said:
"We have started getting a lot of inquiries from government departments and ministries to make them Metaverse-enabled. It is just a matter of time before Dubai becomes the crypto and Metaverse hub of the world."
The country has developed a global plan to make the Metaverse a lucrative industry in the future.
The goal: to make Dubai the crypto- and metaverse center of the world.
By 2030, the strategy is to create 42,000 virtual jobs in Dubai's metacenter.
Dubai in general is actively working in this direction. There are already burger houses with elements of metacities, and plans are to launch hospitals in metaverses (where you can fully communicate with the staff) and other initiatives.
Just read what Cybergear, the director of the metaverse at Dubai's metaverse company (the job title is certainly fire🔥🔥), said:
"We have started getting a lot of inquiries from government departments and ministries to make them Metaverse-enabled. It is just a matter of time before Dubai becomes the crypto and Metaverse hub of the world."
The country has developed a global plan to make the Metaverse a lucrative industry in the future.
The goal: to make Dubai the crypto- and metaverse center of the world.
By 2030, the strategy is to create 42,000 virtual jobs in Dubai's metacenter.
Dubai in general is actively working in this direction. There are already burger houses with elements of metacities, and plans are to launch hospitals in metaverses (where you can fully communicate with the staff) and other initiatives.
Celsius is officially "over" - the company has filed for bankruptcy
Along with the cryptolanding platform, some of its subsidiaries have also filed for bankruptcy.
The filing is filed under Chapter 11 of the U.S. Bankruptcy Code. The company hopes the restructuring will "maximize value for all stakeholders."
We've heard that language somewhere before🙃
The company stressed that since the filing, most of the platform's operations have been suspended, but it will continue to operate.
Naturally, the CEL token fell 13% in the face of such an announcement.
"Today’s filing follows the difficult but necessary decision by Celsius last month to pause withdrawals, swaps, and transfers on its platform to stabilize its business and protect its customers. Without a pause, the acceleration of withdrawals would have allowed certain customers," the company summed up the decision.
Along with the cryptolanding platform, some of its subsidiaries have also filed for bankruptcy.
The filing is filed under Chapter 11 of the U.S. Bankruptcy Code. The company hopes the restructuring will "maximize value for all stakeholders."
We've heard that language somewhere before🙃
The company stressed that since the filing, most of the platform's operations have been suspended, but it will continue to operate.
Naturally, the CEL token fell 13% in the face of such an announcement.
"Today’s filing follows the difficult but necessary decision by Celsius last month to pause withdrawals, swaps, and transfers on its platform to stabilize its business and protect its customers. Without a pause, the acceleration of withdrawals would have allowed certain customers," the company summed up the decision.