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Ethereum Price Prediction – Norway Uses ETH to Grow Its CBDC

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Ethereum (ETH) news as of 09/13/2022

According to Norges Bank, Ethereum offers a “ fundamental infrastructure to create, transfer and destroy digital currency.

A Layer 1 network powering #CBDCs? The central bank of Norway announced that the infrastructure for its digital national currency is built under #Ethereum. Find out how #crypto networks can boost CBDCs⬇️
https://t.co/rPyNnp2q4e

Cointelegraph recalls that the authorities have opened a first access to the project via GitHub. The test network of the CBDC However, Norway is only available to people with the necessary credentials. It does not yet support the popular Ethereum wallet MetaMask.

It should be noted that the gradual enthusiasm of traditional finance, with the case here of the regulator that is the Central Bank, for Ethereum can increase the popularity of the project and attract new users. This can promote the price increasewhile Ether was trading at $1,735 at the time of writing.

Medium Term Ethereum (ETH) Price Prediction

Below $1700, Ethereum is a good investment. Investors can aim for the 2021 highs at around $4800.

Ethereum (ETH) Long Term Price Prediction

There is no doubt that Ethereum will appreciate in the long term. With the adoption of the Proof of Stake (PoS) consensus mechanism, Ethereum is becoming more competitive and ETH may well rally to $10,000 by the end of 2023.

Ethereum Project Reviews

Ethereum is the richest and most coveted DeFi ecosystem. It is at the center of blockchain technology and an essential platform.

What affects the value of Ethereum (ETH)?

  • The success or not of the Merge update.
  • The fluctuations of the Bitcoin.
  • Significant increase or decrease in gas costs (network costs)

What is Ethereum (ETH)?

Ethereum debuted in 2015, at the initiative of eight co-founders, including Vitalik Buterin (considered Inventor at Ethereum Foundation) and Charles Hoskinson (CEO of Cardano Foundation). Ethereum is the name of the blockchain, whileEther (ETH) is the native crypto needed to use the network.

Read also Crypto Djed – Cardano’s first stablecoin launched! Don’t miss this

Ethereum is managed and tracked through a decentralized computer network. Its technology has created a new sector of finance: decentralized finance or DeFi, in which the different players do not need a central regulatory authority.

How does Ethereum work?

Ethereum is a complete blockchain development platform.

  • Crypto Ether (ETH): You can transfer and receive Eher using a crypto wallet or use it to pay for goods and services from merchants. It is also an investment instrument listed on almost all crypto exchanges.
  • Smart contracts : they are a kind of automated programs that can place trades when conditions are met.
  • DApp : Ethereum makes it possible to create decentralized applications based on the blockchain: games, social network, trading platform, news site, etc.
  • NFT : Ethereum hosts the largest part of the NFTs created.
  • Challenge : Ethereum opened the voice of decentralized finance (DeFi): blockchain-secured P2P lending, lending pool, decentralized exchange based on liquidity pools, yield farming, etc.

Useful links for investing in Ethereum (ETH)

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Ballman Project, game, set and NFT!

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Attacking the NFT leaderboard – Ballman Project is an initiative born in Switzerland under the leadership of tennis champion and avid digital art collector Stan Wawrinka. At the crossroads of sport, video games, pixel-art and NFTs, the concept is part of a rising dynamic in the Blockchain ecosystem: earning money by collecting unique cards and playing virtual tournaments. Ready to take out the big game?

Le Journal du Coin offers you this promotional article in collaboration with Ballman Project.

The Ballman project, a champion hits thousands of balls NFT

The Ballman Project is a collection of 5,555 NFT “bullets”. Each of these items contains a unique tennis player, straight from the imagination of Stan Wawrinka, Olympic champion, winner of three Grand Slam tournaments and the Davis Cup. Imaged by the famous pixel-artist Laurent Bazart, each card has its own design and intrinsic qualities.

If the generation logic is known, the cards are not yet revealed. They will be according to the progressive schedule set by the roadmap. Thus, investors will have to wait for the moment of the revelation to find out the unique characteristics assigned to the NFT randomly assigned to them. A fairer distribution of the initial value that favors bold first buyers, and leaves a lot to luck.

Ballman Project plans to issue its 5555 NFTs as it completes its roadmap.  Gifts and ethereums will be distributed.
The company’s roadmap outlines the timeline for rewards

A singular design that determines the potential of each card

A Ballman is the combination of 6 visual traits and 6 game skills. Different designs have different rarities, from common to rare (less than 5%) or even legendary (less than 1%). They break down as follows:

  • Posture
  • Ball
  • Venue
  • outfit
  • Accessories (watch, racket, headband etc …)
  • Signature

Once the cards have been revealed, you will therefore have to consult the Ballman Project website to determine the rarity of your NFT by combining the scores of the various visual elements that compose it. Be aware that some designs are not listed. It will be up to the community to discover them and give them a “subjective” value. All of these points determine the ranking of the NFT on the 5555 scale, and by extension, its value.

Thanks to exclusive designs, you will be able to cross-reference the characteristics to determine the value of your NFT cards
Unique designs determine card rarity

Players with unique and evolving characteristics

But rarity is not the only determining criterion. The Ballmen are divided into 6 categories with their specificities: Dominator, Background, Server-volleyball player, Physique, Counter-attacker, Presser. Within these each Ballman is assigned 250 points distributed over a series of 6 skills whose scores will constitute the initial profile of the player.

  • Technical
  • State of mind
  • Powerful
  • Tactical
  • Condition
  • Chance

These distinctive traits form the backbone of each card in tournament play. As you can see, these NFTs aren’t just collectible digital items. Indeed, Ballman Project has a stated objective: Become the first play-to-earn devoted to the world of tennis.

Virtual NFTs for real gains

It would take too long to describe here the rules that govern the matches. This is a complex mechanism based on the statistics of the cards, their class interactions, but also, and this is new, on their evolution. Because like any “real” player, each card will be able to work on his game and improve with time and results. It will therefore be essential to train and participate regularly in competitions in order to stay in top form.

As with the ATP Tour, NFT open series tournaments take place at regular intervals and help determine the ranking that will lead to the rewards paid out in Ethereum.
Matches are played in 3 winning sets

Thus, thanks to NFTs, Ballman Project intends to ignite the passion for tennis on the virtual courts of the metaverse. The matches promise to be exciting, especially as the game mechanics will give outsiders a chance against the highest ranked cards. A structure inspired primarily by the Grand Slam, with its winners of tournaments, its ranking for the year and of course, its rewards.

Ballman Project plans to project itself into the metaverse

Indeed, the stakes promise to be up to the craze thanks to guaranteed minimum prices depending on the number of minted cards. Once the roadmap is 100% completed, the organization provides for the payment of 70 Ethereums guaranteed over the year, as well as many gifts. It is therefore no coincidence that the first round of the private sale was a hit. Moreover, if you missed the game and want to fully exploit the second service, you can join a community of enthusiasts on the project discordand follow the news live on Twitter and instagram.

As you have understood, the potential benefits of the Ballman Project are therefore not only linked to the speculative value of the NFT market. Thanks to its playful and immersive approach, surfing on the popularity of tennis, Ballman Project has already aroused the interest of the public. If the fans responded, the institutions also came to the net. The famous DeFi platform Swissborg has thus become a privileged partner of what is already called the NFT OPEN SERIES. The public sale will open on February 16. An opportunity to seize on the fly.



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Metaverse and NFT’s, or the mutation of e-commerce

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In the beginning there was nothing… or very little. Starting from barter, the man never stopped innovating his way to trade, almost as if it were his second nature… Agriculture and breeding, maritime explorations in search of new products, development of transport on land and the sea as in the sky. Trade gradually crossed borders, cities, villages, roads, and dangers to be fulfilled directly at home, camped in front of a computer, tablet or smartphone. Who these days has never bought online? Since already several years, the stars have aligned in favor of marketplaces, these giants of digital commerce through which almost everything buys…

Widespread, the law has worked to make room for digital commerce in favor of consumers, but also to guarantee competition and market stability. The legislator has
moreover warned against the forms of disloyalty, the problems of conformity and framed the deadlines of deliveries and retractation. The Ministry of the Economy hastened to denounce the
drifts of dropshippinga recent and yet legal practice of digital commerce.

Yet, despite this rapid and everyday adaptation, it appears that digital commerce is evolving in a significant and different way. Initially focused on
consumption of tangible products or services, digital commerce is gradually slipping into the sale of virtual products and services… via other worlds…

The metaverse: towards a transformation of digital commerce

And if the movie Steven Spielberg Ready player One, released in 2018, turned out to be a prophetic image of the market of tomorrow? Virtual worlds connected to the internet, where everything can be bought
via virtual currencies and securities? Where everyone would have the opportunity to live the life of their dreams through their avatar? If the reality does not yet exceed the fiction, some companies have understood
the potential that the metaverse could generate in e-commerce and data collection. It is no coincidence that in 2021 the Facebook company changed its name to
Meta in view of its futuristic program. If the concept seems to come out of a science fiction novel, the number of people connected in these virtual universes continues to increase, and new
emerging practices… Ranging from the purchase of virtual apartments, clothing, and works of art…

the metaverse is above all based on an immersive experience made possible by 3D technologies, plunging the consumer into a virtual world. As surprising as that
may seem, the avatar of the user can buy products designed virtually and which do not necessarily exist in reality. Recently Nike has massively invested in the
virtual mode by selling its range of shoes: CryptoKicks whose prices can cap more than 10,000 dollars… Others have the ambition to make the metaverse a
vector for acquiring virtual real estate through sales, development, rental management, on the same model as standard real estate agencies.

Virtual reality headsets, tablets, controllers, there are many products sold physically that are intended to optimize the experience of the metaverse. A high-level experience
definition that gives users a higher degree of confidence in the quality of the products they buy. With stores and virtual fittings, the digital commerce of
metaverse will no longer be subject to the constraints of opening hours, compliance with delivery deadlines, compliance issues, recruitment of salespeople, etc. If the system seems too
beautiful to be true, it is in any case virtual and all the more beneficial since it makes it possible to test the popularity of a product without manufacturing it while providing the consumer with a
optimal experience.

The first experience of NFT’s

The strong enthusiasm experienced by the metaverse today is mainly due to the success of NFT’s which lay the foundation for the new electronic commerce. Started in
the art market sector with the dazzling success of the “Bored Ape Yacht Club” collection, whose images sell for exorbitant prices, the NFT’s have gradually opened up to other
sectors… The cinema took advantage of this momentum to invest the NFT’s market with a first film entirely financed in this way and directed by a certain director named Martin
Scorsese… As you will have understood, the NFT’s will have benefited in their infancy from powerful relays, stars, entrepreneurs and influencers. They are even a token of belonging
social, a closed and exclusive club bringing together a community of individuals holding the same family of NFT’s.

First experience of the commercial metaverse, the enthusiasm around NFT’s has only pushed the big companies to arm themselves to conquer a new world.
Amazon has started to equip itself with technology from the metaverse while eBay plans to launch its platform for selling NFT’s. Avant-garde and visionary, the fashion sector has no
escaped this dynamic to take on this new form of creativity. Fashion products, games and NFT’s works, diversify the arsenal designed by Gucci, Louis Vuitton, or even
Balenciaga in partnership with renowned designers…

Even if the harvest of glory may experience setbacks such as the recent fall of NFT’s with the bursting of the speculative cryptocurrency bubble, the fact remains that the
mechanism fascinates and will continue to improve. NFT’s have proven to the world that digital commerce is undergoing profound change across the metaverse. Any further
than a simple investment, it has metamorphosed into a gateway to a new way of consuming by carving out the lion’s share of 21st century business.

A legal world to rebuild?

The changes in digital commerce do not take place entirely without clouds and bring their share of questions. If digital, consumer and competition rights
occupy a ready-made place when it comes to classic marketplaces, certain sprains and hesitations are to be raised in the metaverse. On the one hand, it seems difficult to imagine the future of the metaverse without the decisive action of GAFAM raising the question of a competitive asymmetry. On the consumer side, some are advocating for a legal extension of its
personality and legal protection in the metaverse, while the more conservative propose a distinction of regimes.

Intellectual property law also seems affected by these developments, with the uncertain legal qualification of NFTs having something to do with it. Being “legal aliens”, oscillating
between title deed and simple token similar to virtual currency, the actions attached to them are uncertain. The relationship between counterfeiting and NFT’s has in particular been the subject of
several disputes in the United States. The New York Court had in particular ruled in favor of Hermes about the diverted reproduction in a digital work of his iconic bags
in the work Meta Birkin.

Rome was not built in a day, it will certainly take a few years before the metaverse takes root in practice and digital commerce takes on a new
dimension. The rules of the game will most certainly be set by practice, and the evolution of this new form of business, and the mentalities surrounding it. Some lament the
disintermediation of exchanges and the disconnection of morality at the cost of a new way of consuming, which will change in depth. Nevertheless, this phenomenon is
already at our doorstep… it’s not about the future… but about now!

Tribune written by Raphaël A. Hérimian, business lawyer

<<< Also read: GhostMarket: Simple and profitable NFT trading >>>



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a 20% jump to start the week

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Bitcoin (BTC) gained 20% in value over the weekend of September 10. The queen of cryptos thus begins the week on a good footing. Despite this, its price remains in the range formed since mid-June.

Bitcoin prediction

Bitcoin (BTC) jumped 20%

BTC has been in the green since September 07. And during the weekend of the 10th, it jumped 20%. This cryptocurrency thus begins this week on a rise. Indeed, it seems that the bulls have taken over since September. This may be due to investors returning after the summer holidays. The market for cryptos thus becomes more liquid.

More liquid because sellers are starting to liquidate their positions, and buyers want to jump in on the opportunity by buying the DIP. And this has led to the rise in value of Bitcoin (BTC) which currently stands at $417 billion in capitalization.

BTC: In the middle of a range

Despite a 20% jump, the first crypto nevertheless remains in a range. Indeed, bitcoin (BTC) has been moving inside the channel between $25,000 and $19,000 since July 2022. And even if its price made a rather impressive bull run during the weekend, it nevertheless remains in this channel (range). If we take a good look at the BTC/USD chart, bitcoin is currently at 50% of this range. You can see this by using the “Fibonacci retracement” tool.

BitcoinBTC
Bitcoin (BTC) / Dollar (USD), source: Binance

For followers of the naked chart strategy, this is a ” Key level since there are many accumulated orders in this area. Note that at the same level of 50% of the Fibonacci tool, there is also a long red candle. It is a ” imbalance where the bears largely took over. It may then be that bitcoin (BTC) is rejected on this zone, and plunges again.

But there is also a second scenario where the price breaks this zone. It then comes out of the range with a very large volume. With this, the price is ready for a bull run. It is then possible tobuy bitcoin at this moment. Not to mention the arrival of large wallets on the market. The latter, who are returning from vacation, are indeed beginning to bring liquidity to the market. What can be verified with the appearance of a large transaction volume.

Nevertheless, it seems that the first scenario is the most probable for Bitcoin (BTC). Indeed, the increase during the weekend lacks volume. But not that, the price is also approaching “ the balance which will likely lead to another Bitcoin drop.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Cointribune!

Fitah Razafimamonjy avatar

Fitah Razafimamonjy



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Finance giant State Street sees falling demand for cryptocurrencies from institutional investors

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Investment management firm State Street says institutional clients are not being deterred from investing in crypto assets despite falling prices. “There is a belief that the asset class is here to stay“said a State Street executive.

State Street on Institutional Demand for Cryptocurrencies

State Street, a leading investment management firm, is seeing steady institutional demand for cryptocurrencies, despite market declines, the Sydney Morning Herald reported on Monday.

State Street Digital chief product officer Irfan Ahmad said the banking giant’s institutional clients are still interested in cryptocurrencies and their underlying technology. He was quoted as saying:

In the period of June and July when things really warmed up in terms of activity, we saw institutional clients not necessarily doubling their investments, but they weren’t really deterred from placing strategic bets on the asset class itself.

What emerges from all of this is that, I think, there is a belief that the asset class is here to stay“, underlined the leader.

State Street operates in more than 100 geographic markets worldwide and employs approximately 40,000 people. As of June 30, the financial services giant had $38.2 trillion in assets in custody and/or administration and $3.5 trillion in assets under management.

The company’s digital arm, State Street Digital, provides solutions for a range of digital assets, including cryptocurrencies, stablecoins, digital currency and central bank digital currencies (CBDC), according to its website.

Ahmad noted that a number of large investment firms, such as Goldman Sachs, have started offering crypto products and are likely to make further strides in the crypto space. In April, Goldman Sachs offered its first loan secured by bitcoins.

The world’s largest asset manager, Blackrock, launched a private bitcoin trust in August. “Despite the sharp decline in the digital asset market, we are still seeing substantial interest from some institutional clients“, said the company.

The State Street executive added that institutional clients have been asking to launch crypto products, stating:

Certainly our customers have spoken to us in a more pragmatic way about how they could launch products, or what we could do in the future to help them support the launch of those products.

In July last year, State Street announced the expansion of its cryptocurrency service, citing soaring demand for traditional funds.

The scholarships of cryptocurrencies are also seeing growing demand from institutional investors. Bitstamp’s CEO said in August that his exchange is seeing a “massive interest in cryptocurrencies” from institutional clients. In June, Binance launched a new platform for VIP and institutional crypto investors to increase support for institutional clients.

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First 63M Superyacht NFT Project Metaverse Listed For Sale

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A 63-meter NFT superyacht named Project Metaverse has gone up for sale with Alex Clarke at Denison Yachting in the first newbuild project of its kind.

Project Metaverse was designed by Gregory C Marshall, whose most recent projects include the multi-award winning 80 meter Artifact, and is offered for sale as an NFT on the blockchain for $95,000,000. If sold, the project will be the highest price ever paid for an NFT.

North American shipyard Delta Marine has agreed to build the vessel. So, in addition to owning the non-fungible token for the Metaverse project, the new owner will be able to see the design crossover into the real world.

– Advertising –

Project Metaverse builds on Cloud Yachts’ growing portfolio of NFT yachts, the first of which debuted at the Miami Yacht Show in February 2022. Cloud Yachts has partnered with Marshall to create a limited run of superyacht models and sold 10 in Miami at 1 ETH (Ethereum) each.

“Realizing that we were on to something, I started thinking about ways to grow our business with Cloud Yachts,” Marshall said. “It was clear that to bring the Metaverse project to fruition, we would need a creative broker who not only has the customers, but can also effectively communicate the experience and technology we offer. Knowing Alex Clarke’s impressive superyacht sales history, we believe he is the guy for this monumental task.”

“I am beyond thrilled to help initiate this groundbreaking new build process with Gregory Marshall Naval Architects, Delta Marine and Cloud Yachts,” said Alex Clarke, Commercial Broker at Denison Yachting. “When I first heard about Gregory Marshall’s new NFT build project I knew I had to be involved as I believe it will be a game-changing project and will implement a change in the way yachts are built. built and sold.”

Cloud Yachts has partnered with some of the best designers in the industry, including Bannenberg & Rowell and Marco Casali, to design, manufacture, market and sell this new line of digital assets. Project Metaverse will make its official debut at the Palm Beach International Boat Show later this month.

What is an NFT?

An NFT (non-fungible token) is a digital asset that represents a real-world object. What started as a way to buy and sell digital artwork has snowballed into cars, homes, and even superyachts. They are frequently sold in cryptocurrency and are often encoded in the same way.

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Architecture, NFT and metaverse or ordinary cynicism

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Ukrainian house
@Jean-Michel Wilmotte

Since April 2022, the Cité internationale de Paris has been selling NFT drawings of a virtual architecture project by Jean-Michel Wilmotte, sold as the Maison de l’Ukraine project. A colonist to follow in the metaverse?

If virtual worlds have existed since the birth of science fiction, and we have been used to visualizing them from an early age, in recent years the rise of the metaverse, a very augmented reality, has been pushing architects and actors of the design of space to question the possible interactions between the reality of architecture and its digital avatar.

Until now, thinking had remained forward-looking for architects-designers. For many, the digital model is not yet a fundamental daily thing, although BIM offers possibilities which, if it could be used to its full power, would be a fantastic maintenance management tool for complex buildings, the living memory of the tripaille to anticipate in time the evolution of the life of the buildings.

The project of La Maison de l’Ukraine, designed by Jean-Michel Wilmotte, on the initiative of the foundation of the Cité universitaire internationale de Paris, and sold since the spring in the form of NFT brings with it a farandole of questions.

In April 2022, the Cité internationale universitaire de Paris wanted to welcome and support from the start of the 2022 academic year up to 500 university students affected by the war in Ukraine. For this, the foundation had asked the person skilled in the art to imagine a virtual house ” but highly rooted in reality to unite Ukrainian nationals as the statement explained. This is a first surprise since it would have seemed logical for the project, even in an emergency, to be carried out with the assistance of a Ukrainian architect.

It is from there that the story requires a bit of concentration. Welcoming 500 students in the 43 existing houses and offering them all the logistics they would need was the starting point. Concretely, no construction in sight but a virtual project. However, since its creation at the end of the First World War, the Cité internationale has not lacked references in architectural terms with the works of Prouvé, Le Corbusier, Foujita… in this regard, the heritage belongs to the Universities of Paris, represented by the chancellery.

Let’s move quickly on the choice of the architect selected to participate in such a project. The Cité internationale is a private law foundation, it remains recognized as being of public utility. Since 2017, the national foundation Cité internationale universitaire de Paris has been chaired by Jean-Marc Sauvé, incidentally honorary vice-president of the Council of State. This great machine, of historically humanist inspiration, had no choice but to set its sights on the designer of a Poutinian ode in the heart of Paris* to build wind around a Maison de l’Ukraine that does not exist ? And who will never exist?

The agency imagined a reminiscence of constructivist architecture, whose volumes and use of materials recall the Ukrainian flag. ” This digital work is also a way of highlighting art and culture as a response to the din and destruction of war. “, adds the press kit. Some people suspect that a virtual constructivist pavilion imagined in 2022 is a beautiful quote from Ukrainian culture!

  Metaverse
@Jean-Michel Wilmotte

The constructivist pavilion project consists of three drawings, it was probably necessary to go quickly with the facade, a bedroom and a collective space with a piano. The degree of involvement of details leaves speechless. These works were then converted into NFT to be sold in order to finance the arrival of students from September. The starting price is 0.05 ETH (Ethereum is another bitcoin-like virtual currency) or about $86. Code architecture is not that onerous.

Beyond the cynicism and the incredible lack of culture shown here by the contracting authority, how can the State support this initiative? If the coffers are empty, why throw money away by working on virtual projects? Does Cité U no longer have the financial and intellectual means to have architects work on architectures of their time? Yes, for Ukrainian students, time is running out. Since they have to be accommodated in various houses on campus, what is the use of virtual architecture? Wouldn’t the auction of the drawings for the project that took place this summer with Sotheby’s have been enough?

Another question, all in all very simple, is that of the definition of architecture. Should it be designed to claim the title? In absolute terms, can we say that the buyers offered themselves a house, or rather a facade, a bedroom and a room with a piano, signed Jean-Michel Wilmotte, to be implanted in a virtual reality, without any technical constraint? , climatic, contextual or even constructive?

If Geeks like to imagine that the metaverse is the world of tomorrow, humans, of flesh and bone, will always need architects to design even the premises useful for manufacturing and accommodation associated technologies, for this in a certain reality.

And then there is what falls within the scope of the opportunist at a time when the profession is undergoing crisis one after the other: crisis in materials, crisis in recruitment, crisis in remuneration, crisis in recognition… Architecture must increasingly take up challenges, environmental, constructive, social at a time when the planet is suffocating, resources are becoming scarce and billions of people in the world remain without a protective roof. The time of architects who have the possibility could then not be more usefully used by confronting reality rather than becoming mere creators of content without purpose?

Metaverse
@Jean-Michel Wilmotte

The temptation is great to flirt with the metaverse as it sells a city to be designed contrary to our current lifestyles. Without norm, without faith, without law, in all individuality, without time limit, without constructive limit. A world without rules could, on the other hand, offer a playground for rediscovering a taste for experimentation, testing or even the preliminary project model. Looking at the work for sale, nothing is less certain.

The experiment carried out by the Cité internationale de Paris has no consequences for the profession of architect. However, the metaverse is now warning of other dangers that threaten the profession and the relationship that the general public may have with the image of the built environment.

Indeed, it was already necessary to compose with the madness of return of the owners of private work which in the name of a sacrosanct financial balance sheet, take part in the real estate speculation with the complicity of the policies of the city. They had already fully understood the usefulness of virtual reality in a marketing spirit to help future buyers to better visualize the possible layout of the space with enough blinkers to avoid space misfires.

These same promoters already abound in the virtual space by proposing systems of opaque real estate speculation and without legal protection. With NFTs, even placements of “ father stone-paper way also find their equivalent in the void.

Should architects be complicit in a new way of designing that is increasingly lacking in meaning?

Leah Muller

*Read our article Putin project manager, it rocks

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Michael Saylor advises Elon Musk to invest more

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Tue 13 Sep 2022 ▪ 7:00 am ▪
4
min read – by
Cédrick Aimé GUELANG OFALABEN

Sometimes, all it takes is a tweet to panic the web. When your name is Elon Musk, the slightest publication can create an unprecedented shock wave. Accustomed to well-calculated statements, the owner of Tesla would have expressed his desire to buy the legendary English club Manchester United. Very quickly, reactions followed one another, before he clarified that it was only a hoax. In the middle of the reactions, that of Michael Saylor particularly caught the attention. The ex-MicroStrategy boss invited Musk to invest a little more in bitcoin (BTC).

bitcoin michael saylor
Michael Saylor’s request to Elon Musk to invest more in bitcoin

Elon Musk’s anecdotal tweet about his next investment

Elon MuskCEO of You’re here, has a special affection for the social network Twitter. A platform he had to buy before everything is wrong at the last minute. A few weeks ago he made a comment in which he claimed he intended to buy English football club Manchester United: “So I’m going to buy Manchester United — no way! “, he published. It was enough for the club’s fans and the whole canvas to ignite.

The English club’s supporters are struggling to get along with the club’s current owners. This tweet was therefore well received, even if the billionaire clarified that it was a joke. Among the many people who reacted to his statements, we find Michael Saylora bitcoin advocate, who left a quick comment. We will prefer you to buy other bitcoins», he replied to Elon Musk.

Saylor and Musk: Two strong supporters for bitcoin

Michael Saylor is not an unknown figure in the crypto industry. Indeed, the former executive chairman and co-founder of MicroStrategy, a business intelligence software publishing company, is closely linked to bitcoin. Two months before his response to Elon Musk, his structure had increased its bitcoin reserve.

In 2021, Saylor and Musk have been the leading figures in bitcoin thanks to their respective investments. MicroStrategy alone would have purchased close to 130,000 bitcoin. This allowed him to go from astructure of decision-making software to an investment fund. For his part, the billionaire Elon Musk has investments estimated at 1.5 billion dollars of bitcoins.

The purchases made by these two bitcoin heroes have had an impact on their holdings. MicroStrategy notably accuses a depreciation of approximately one billion dollars on its fortune. At the same time, the Tesla company sold more than three quarters of its holdings. This allowed him to collect $ 930 million, despite losses of nearly $ 170 million on his remaining stake.

Conclusion

In sum, Elon Musk and Michael Saylor are two influential figures in the crypto world. As excellent businessmen, all their publications, humorous or not, have a grain of truth. Will Elon Musk take Saylor’s advice and invest more in bitcoin? Let’s wait to see Musk’s reaction and the decision he will take.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Cointribune!

Cédrick Aimé GUELANG OFALABEN avatar
Cédrick Aimé GUELANG OFALABEN

Doctoral student in financial law and experienced SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.



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Elon Musk accused of a Ponzi scheme, the situation escalates

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Last June, we told you about the complaint filed by Keith Johnson in a New York court against Elon Musk, Tesla, and SpaceX. He believes that a pyramid fraud has been played around the dogecoin and claims no less than 258 billion dollars. Considering himself aggrieved, this American citizen even wanted his complaint to be filed in the form of a “class action” to allow other aggrieved investors to join him.

A case that falls badly for Elon Musk

And precisely, the trial is gaining momentum according to information published by the Reuters news agency. Thus, seven new plaintiffs have been added to this case, while six new defendants are also joining the case, including Elon Musk’s company, The Boring Company.

In detail, the lawsuit notably accuses Tesla, SpaceX, and The Boring Company of intentionally driving up the price of the Dogecoin cryptocurrency by more than 36,000% in two years before causing it to collapse.

We remember in particular that in the complaint filed last June, mention was made of a passage by Elon Musk in a satirical program where he claimed that dogecoin “ is a scam “. A fall in its value then followed.

The defendants would thus have collected tens of billions of dollars at the expense of other investors in Dogecoin, knowing from the outset that this electronic money had no value and rested ” only on marketing “.

The future will tell us if American justice will be sensitive to the arguments put forward by the plaintiffs. Be that as it may, this affair falls rather badly for Elon Musk who must currently manage the takeover of Twitter which he is trying to have canceled. We are witnessing a real battle between the billionaire and the current management of the platform. The entrepreneur believes that Twitter has not played fair with the massive presence of bots on the social network.

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Dan Houser, founder of Rockstar Game, is getting into NFTs

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Dan Houser had announced to leave Rockstar Games in the spring of 2020, to everyone’s surprise. The man is indeed co-founder of the studios with his brother Sam, and had written almost all the GTA games, as well as the two Red Dead Redemptions. Suffice to say that he was a key figure at Rockstar.

If he has since set up Absurd Venture, nothing has yet come out of this new company, and it is elsewhere that houser stands out today. He has indeed invested more than thirteen million dollars in Revolving Games, a studio until now specialized in free-to-play on mobile and which intends to use the blockchain (and therefore NFTs) for its next titles. A bundle of millions in addition to the first twenty-five already collected by the studio from various investors. By the way, Dan Houser also offers himself a place as an advisor in the management team of Revolving Games.

Two projects are in the studio’s pipeline: an MMO with 4x mechanics under the Battlestar Galactica license, and a game that will be inspired, according to the studio’s statements, by Nintendo’s great titles, such as Zelda or Animal Crossing, Skyborne Legacy. The latter was, according to the latest news, about to be released, scheduled for the beginning of October. Both titles have the ambition to be “AAA games that the industry will want to look back on”…

Dan Houser is the second “ex-GTA team” to give in to the sirens of web3. We have indeed understood between the lines that Everywhere, the ambitious project of Leslie Benzies (producer of GTA 3, 4 and 5) should also integrate blockchain technologies.

Did the creators of GTA work too much on gangster stories, to dive into this giant scam that is NFTs? Or will this technology end up imposing itself in the video game world, by dint of big projects that carry it? Because if the players seem to reject them en masse, it seems that there are always new investors to finance projects integrating NFTs… And above all, will GTA VI end up being released one day?

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