Author Archives: Danzig

May 8 Letters to the Editor, Part 3: Our Readers’ Opinions – Lewiston Morning Tribune

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Little, Bedke, Critchfield

Its great to see so much interest in our political system. Its sad to see so much disinformation, distortion and outright lies about our leaders. If one were to believe the distortions, then we live in a nasty hell hole where we enthusiastically promote hedonism, abortion, porno in schools, critical race theory, corruption, gender identity confusion and gun confiscation.

Of course, none of this is true. And Idaho is not a hell hole.

Idaho is, in fact, one of only five states to defund CRT. Period.

We have powerful protections for gun ownership. Period.

We have outlawed abortion if Roe v. Wade is overturned. Period.

We passed laws making it illegal for men to compete in womens sports. Period.

We have a budget surplus. Period.

We are the least regulated state in the Union. Period.

Ill be voting for the leaders who made that happen: Brad Little, Scott Bedke and Debbie Critchfield for starters. I hope you do, too.

I hope that most of the folks who read Eric Petersons May 5 letter to editor did a little research on their own. For instance, Idaho Code returns all civil rights to felons who have discharged their sentence, except the right to firearms. This includes those from other states. See Idaho Code Title 18, Chapter 3.

Its sad that some Republicans can overlook the past legal history of some people and nominate them to fill a state legislative office and then turn around and attempt to destroy another person who wants to be a precinct committeeman, the lowest position in the party hierarchy.

Bradburys ads irrelevant

As an attorney practicing primarily in Nez Perce County for the last 26 years, I am very interested in the 2nd District Court judicial election. I was especially curious why John Bradbury would want to run for the same position he held in Idaho County from 2003 until he retired in 2011.

Unfortunately, Bradburys series of advertisements in this newspaper titled Why Im running for district judge dont answer the question their title promises.

He raises some legitimate issues. Some of his positions I agree with and some I dont. But that is not the point.

The issues Bradbury raises will not be changed one bit by who wins this election. They are mostly questions of policy and politics and would be most effectively raised with the Legislature, Supreme Court and the Idaho Judicial Council.

Instead of dwelling on the legitimate, but unrelated issues raised by Bradburys ads, voters should focus on which of the candidates would be the best judge.

In her bid to outlast Scott Bedke in the May 17 primary election, Priscilla Giddings has posted more than 35 campaign emails. Each one duplicates the same format and fomentations. ...

She should have just typed ditto.

Here is a consolidation of her thematic redundancies peppered with pleas for donations. (The number of repetitions is parenthesized):

Send $$; Bedkes special interests/deep pocket donors (17).

Send $$; Bedkes corporate friends (37).

Send $$; Bedke closing the campaign donation gap (17).

Unsurprisingly, her propaganda is loaded with Second Amendment protection promises (43) punctuated by the giveaway of two AK-15 assault weapons as a donation enticement and more fear-mongering.

With decades of take your guns alarms, who can actually cite one instance of the government confiscating citizen guns without lawful purpose?

And the clincher? The National Rifle Association endorsed Bedke.

Giddings decries big government spending yet she has long been attached to the government tit as the child of public employees, as a military member and state legislator.

Her legislative career has been sketchy a second-string qualifier enabled to win in the monopolistic deep red state (formerly known as Idaho).

The highlights: She lied to the House Ethics Committee, reneged on a critical public debate, purposely outed the identity of a rape victim and repeatedly voted against education funding and Medicaid expansion.

The lieutenant governor should be a bright star with diplomatic credentials, leadership talent and a positive demeanor. Giddings doesnt qualify.

I am writing in support of Lynn Guyer for the Idaho House in District 7.

I first met Guyer when I was working as a probation/parole officer in Lewiston and he was a probation/parole officer in District 3 Caldwell-Nampa. I found Guyer to be extremely honest and ethical. We have kept in touch since my and his retirements.

He has strong Christian values and will work hard for District 7.

He is also the only candidate in this race to be endorsed by the Fraternal Order of Police, Idaho Professional Firefighters and the Idaho Education Association.

I believe that Lynn would make an excellent representative.

Its time to get rid of career RINO politicians like Brad Little, Scott Bedke, Lawrence Wasden and lets not forget Carl Crabtree and others who have become so deeply embedded in the pockets of lobbyists, they have forgotten why we put them in office.

We are losing our state to national and global interests whose sole purpose is to take away our liberties and freedoms.

While Little, Bedke and Wasden were cozying up to lobbyists, Rep. Priscilla Giddings was serving and defending our country as a U.S. Air Force fighter pilot.

She loves our country, our state, our flag and will fight to defend our liberties and freedoms.

Giddings is the right choice for lieutenant governor.

Crabtree says hes for parental rights and education but his voting record indicates otherwise. He votes yes in committee but votes no on the Senate floor, clearly appeasing the powerful teachers unions. Crabtree can no longer be trusted to do what is in the best interest of our children, our schools and our Idaho.

My vote goes to hard-core conservative Cindy Carlson for the Idaho Senate.

We need a watchdog like Carlson in the Capitol, to fight for our freedoms guard against government overreach and protect our most valuable assets, our children.

Other conservative Republicans to vote for are: Janice McGeachin, governor; Dorothy Moon, secretary of state; Mike Kingsley, District 7A representative and other conservatives.

Quote from Rep. Heather Scott: Vote May 17 like your liberties and freedoms depend on it. They do.

We like Mike Mike Kingsley, who is running to represent District 7 in Nez Perce, Adams, and Idaho counties.

He has a proven conservative voting record as a District 6 representative. Some of his endorsements include the Farm Bureau, Idaho Chooses Life, Gem State Patriot and the National Rifle Association.

As a current representative, Kingsley works hard to defend the unborn, reduce property taxes and stop government overreach.

He also understands how crucial dams are to our region. According to Kinglsey, We can save fish without destroying livelihoods, power generation, transportation, recreation and our rural communities. Vote for Mike Kingsley on May 17 because Idaho is too great to liberal.

Attacking the middle class

Rich elites are donating to and voting for Democrats.

Super-wealthy media giants, corporate boards, public unions, sports franchises and so on, are all singing from the same radical sheet music.

Thundering to the left, they virtue signal and donate their billions to the Marxist extremists that have stampeded the Democratic Party over a cliff.

A lawless and violent underclass is taking over your streets, enabled by wealthy criminal syndicates running the deteriorating (Democratic) cities.

Runaway inflation punishes the middle class as it further entrenches the entitled welfare state.

The commarxucrats are crazy like a rabid fox.

Every one of their seemingly insane policies is a calculated attack on the middle class.

Marxism requires a ruling oligarchy of wealthy elites and a subservient underclass of have-nots.

There can be no in-between.

A healthy and productive middle class is the surest defense against an all-out Marxist takeover.

Open borders? Runaway inflation? Lockdowns? Small business closures? High fuel prices?

Universities that are actually Marxist training camps?

State agencies that coddle criminals while being weaponized against law-abiding citizens?

These are not coincidental. They are all part of a coordinated attack on the middle class.

The cardboard recycle bins in Clarkston are often overflowing and there is almost no room to put cardboard boxes in them. Sometimes during the holidays, such as Christmas, there is no room at all.

I would like to encourage everyone to break down their cardboard boxes so more cardboard can be recycled and people dont have to haul their cardboard back home because there is no room left in the recycle bin.

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May 8 Letters to the Editor, Part 3: Our Readers' Opinions - Lewiston Morning Tribune

China’s Anti-Corruption Campaign: Tigers, Flies, and Everything in Between – The Diplomat

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Corruption in China is not a recent phenomenon; nor are anti-corruption efforts initiated by the party-state. Corruption features prominently in Chinas history, but the practice became increasingly visible after the reform and opening up of 1978. The injection of capital created opportunities for Chinese Communist Party (CCP) and state officials to exploit state resources for private gain. Tackling corruption took a back seat as China embraced capital and private enterprise, reflected in Deng Xiaopings phrase to get rich is glorious.

Nearly four decades later, in November 2012, Chinas outgoing leader Hu Jintao was warningthe country that systemic corruption could lead to the downfall of the CCP and the Peoples Republic of China. Picking up where Hu left off, Xi Jinping, in his first speech as the CCPs general secretary,highlightedgraft and corruption as the most pressing challenge confronting the party. A decade later, Xis anti-corruption drive is an all-encompassing campaign sweeping across the party, state, and private enterprises, eliminating his political opponents and becoming a hallmark of his tenure as Chinas top leader.

Anti-corruption investigations in China are carried out by the Central Committee for Discipline Inspection (CCDI) and the National Supervision Commission (NSC). The CCDI in particular is at the core of corruption investigations at the central and provincial level, investigating and punishing more than 4 million cadres and nearly 500 seniorofficialssince Xi took office in 2012. The CCDI even has its own TV program called Zero Tolerance, an annualproductionpopular with the public for showcasing the bodys work in tacking graft and exposing the corruption and opulence of high-ranking members in the party.

Since 2018, the anti-corruption campaign has focused on non-CCP members as well, made possible by the formation of the NSC and passage of the Supervision Law to govern its operations. The Supervision Law widenedthe range of targets to include managers of state-owned enterprises, administrators in public institutions, and state officials across government branches. The anti-corruption campaign coincides with the arrival of Xi Jinping, evidenced by data released by the CCDI, which shows anincrease in the prosecution of senior officials in 2013 compared to 2012. The inclusion in the campaign of both tigers and flies, of party and state officials, and of rivals and allies has several pressing implications for elite politics in China and public perception of Xis regime.

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Ideology and Discipline

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The anti-corruption campaign was set in motion by a sensational scandal in February 2012 involving the head of Chongqings Public Security Bureau, who fledto the U.S. consulate in Chengdu in a bid to claim asylum in the United States. The incident revealed the allegedmurderof a British businessman, which snowballed into rumors of a coup plot against Xi Jinping by Bo Xilai, party secretary of Chongqing, and Zhou Yongkang, secretary of the Central Political and Legal Affairs Commission and a member of the 17th Politburo Standing Committee. Soon after the incident, Bo wasdismissedfrom the CCP and eventually sentenced to life in prison for bribery, abuse of power, and embezzlement.

The incident was followed by another high-profile investigation, this time focused on Liu Zhijun, the minister of railways responsible for Chinas sprawling high-speed railway network. Lius case was by far one of the most widelyfollowednews stories in China and the prosecutions recommendation that he be given a lenient sentence was met with unanimous opposition by citizens across the country. These incidents cultivated the necessary public support for an anti-corruption campaign that was then in its infancy; however, this public support remains misguided by CCP propaganda.

The anti-corruption campaign was supported by a Party Education Program (PEP) in 2012, the first of three such ideological education campaigns launched by Xi in his first term. The Mass Line Program targeted Party cadres in order to rectifybehaviors like hedonism, superficial conformity, and inactiveness. The Politburo followed up with a directive called the Eight Provisions in December 2012 that set concrete regulations to instill discipline among party cadres: emphasizing regular inspection visits to the local level, prohibiting ribbon cutting and cornerstone laying ceremonies, reducing the number of foreign visits, reducing traffic controls when officials travel, and placing other budgetary restrictions on the use of public finance for business meals and government cars. These provisions essentially set the rules for acceptable behavior by CCP officials and thus have become the basis for launching investigations.

In operation for two years, the Mass Line Program was apopulistmeasure emphasizing austerity that removed the perks associated with CCP positions. In the first year of the campaign, more than 30,000 party officials wereinvestigatedand 7,600 of them were sanctioned for violations of the Eight Provisions. The second and third ideological campaigns, the Three Stricts and Two Studies programs, were slightly different in emphasis, focusing on political discipline and protocols that ensure loyalty to the party center and Xi Jinping.

The Three Strictscampaign was focused on the ethical conduct of CCP officials, including offenses like ideological deviance, sedition, espionage, and treason. The concept of political protocols became popular between 2014 and 2016, with Xi urging officials to follow the unified party center and later prohibiting alliance-forming activity. One prominent example of prosecution for conducting unorganized political activity was the case against Ling Jihua, Hu Jintaos former chief of staff, who was accused of organizing a factionalgroupcalled the Xishan society. Similarly, nearly 300 membersconnectedto Zhou Yongkang were questioned or detained in 2014, while other leaders within the Sichuan faction were investigated as well. Zhou himself was put on trial and imprisoned for life, both firsts for a former Politburo Standing Committee member.

On the other hand, Hebei Party Secretary Zhou Benshun was chargedfor expressing a dissenting opinion on the Eight Provisions directive by the Politburo, defying the orders of the party center. Policing political discipline and loyalty to the party center and later, Xi personally as the core leader became the defining feature of the second wave of anti-corruption efforts. By 2017, 15,000 party members had received punishment for violations of CCP discipline, more than the number of officialspunishedduring the Tiananmen purge of 1989-1992. Another highlight of the political discipline campaign was the expulsion of 63 military generals, the largest such anti-corruption effort targeting the military in Chinas modern history.

The ideology campaign, which had morphed into a political discipline campaign, maintained its intensity until 2018, and then expanded its reach to include the private sector, which continues to this day. The campaigns have heavily relied on disciplinary mechanisms like the CCDI and Central Inspection Teams (CITs) while punishment is mostly carried out by CCP organizations and later handled by the states judicial bodies. The CCDI is now highly institutionalized; it tackles corruption and roots out cliques and individuals challenging the authority of the party core, Xi Jinping.

Expanded Focus

The scope of the anti-corruption campaign has expanded to countries outside China as well, as evidenced by OperationFox Huntand OperationSky Net. In 2015, the Chinese government released a list of 100 most-wanted fugitives who had fled to foreign countries; by 2017, the anti-corruption organization had managedto bring back 40 individuals on the list.

In 2018 alone, more than 1,000 Chinese fugitiveswho fled abroad were brought back to the country, of which 307 were party or government officials. The most high profileincidentincluded the disappearance of the first Chinese head of Interpol, Meng Hongwei, who was detained in September 2018during a visit to China and later sentenced to 13 years in jail.

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Between 2018 and 2020, the NSCclaimedin its first work report that it brought back 3,848 fugitives from abroad and nearly 10 billion renminbi in illegal funds. The operation to bring back fugitives from foreign countries is focused on white-collar criminals, but is also deployed totargetdissidents and political opponents.

The expansion of the CCDI and NSCs operations abroad also accompanied a shift in the emphasis of the campaign. The CCDI has targeted bureaucratic inefficiency and performance-related issues, such as the failure to meet key performance indicators, unaccountability to constituents, and the lack of compliance with directives issued by the party center. For example, in January 2022, the Zhengzhou city party chief, Xu Liyi, and 89 other officials were disciplinedfor their poor handling of theHenan floods, which claimed the lives of 380 people in the city. Similarly, after an investigation by the CCDI into Hubeis early COVID-19 response, the provinces party chief, Jiang Chaoliang, and the director of the provincial health commission weredismissedfrom their posts.

Most recently, the anti-corruption campaign has turned its attention to financial regulators, whom the CCDI has accusedof wielding regulatory power for personal gain, describing a revolving door relationship between business and government. The CCDI in October 2021 initiated a two-month longinspection of more than 20 financial institutions, including banks, stock exchanges, insurance regulators, and asset management companies. So far, more than 40 officialsin the financial sector have been investigated by the CCDI for financial crimes and violations of political discipline.

One example is the case of Zhou Jiangyong, the Hangzhou party secretary with closetiesto Alibaba, who wasexpelled for profiting from the disorderly expansion of private companies. The targeting of private companies and SOEs that began with a crackdown on tech companies and education firms has now swept through the financial sector. Most recently, in April of this year, nearly 17 officials includingthe president of China Merchants Bank, Tian Huiyu, were investigated or punished for violations of political discipline.

Conclusion

The anti-corruption campaign and institutionalization of CCP organizations like the CCDI has massively affected the elite politics, political culture, and public perception of the CCP. The campaigns have increased Xi Jinpings unilateral ability to leverage political loyalty and discipline to regulate the behavior of party officials. Wang Qishan, the CCDIs former head and close ally of Xi Jinping, noted that killing tigers and swatting flies serves as a deterrent to corrupt officials, calling the body a Sword of Damocles.

Local officials and party members at the center are now increasingly worried about an investigation into their past, income sources, and conduct, or the leak of information from other functionaries that could involve them in an investigation, especially if they present anti-establishment views. The proliferation of the CCDI units across all party and state bodies has heightened the risk of being investigated upon presenting a threat to Xi.

The anti-corruption campaign also has a dual effect on factions and cliques, dampening their operation on the one hand while also increasing the opposition to Xis efforts. Factions and cliques like the Xishan society, the Sichuan faction, and Shaanxi faction, with the potential to destabilize leadership unity, were purged for forming alliances. As the anti-corruption struggle against party members and vested business interests carries on, however, Xi increases the potential for opposition to his campaign and rule.

Lastly, public perception of the anti-corruption campaign has been largely supportive of Xis efforts. Combined with corruption within the CCP, the rising inequality in incomes in China is likely to generate support for the campaign as it moves forward. As the 20th Party Congress approaches, the anti-corruption drive shows no signs of slowing, indicating Xis resolve to maintain his authority over the party and demonstrating his willingness to shape the future of the CCP in his image.

This article was previously published by the Organisation for Research on China and Asia (ORCA) and is republished here with permission.

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China's Anti-Corruption Campaign: Tigers, Flies, and Everything in Between - The Diplomat

CHRIS THURMAN: The disturbing parallels between the Met Gala and Americas Gilded Age – BusinessLIVE

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It was a spectacle of outrageous wealth disparity while womens liberation still seems a distant goal

06 May 2022 - 05:07 Chris Thurman

The Met Gala is an annual rite of fashionista hedonism conducted in the name of charity (though the funds raised go to the Metropolitan Museum of Arts Costume Institute, which validates high-end fashion as both historical phenomenon and contemporary art form completing a virtuous circle of sartorial excess).

The organisers of the 2022 event could not have predicted that the night of the gala would coincide with the leaking of a draft opinion from the US Supreme Court that seems set to overturn the 1973 Roe versus Wade ruling guaranteeing a womans right to choose to have an abortion. Nonetheless, the coincidence served as a reminder that there are ethical implications to sustaining the opulent fantasy of the Met Gala by ignoring grim reality...

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CHRIS THURMAN: The disturbing parallels between the Met Gala and Americas Gilded Age - BusinessLIVE

Tradition in transition – Anglo Celt

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Published: Wed 11 May 2022, 9:49 AM

Thomas Lyons

I dont remember for some reason that I cant explain, but he says that we met very early on after he arrived in Ireland, Iarla Lionird says of his stage partner ahead of their appearance at Cavan Arts Festival. Its the sort of rock and roll hedonism youd expect of someone who sang on a Peter Gabriel album or had two Grammy nominee, or appeared in an Oscar nominated film.

Yet not what you would expect of a traditional sean-ns exponent who has just finished picking up the kids on the school run. Which he is and has.

I think I might have been living in Dublin at the time, but Steve says we formed a band called Gale Force. Apparently we rehearsed for several weeks, but we never did a gig, Iarla tells down the phone line from his Kilkenny home. I dont recall it. He has enormous detail about it. There were other musicians in it too. I dont know.

Its an amusing anecdote, told as an aside, but pushed to the top of the story because its funny. Lionird and Steve Cooney will perform in Urney Church of Ireland, Farnham Street towards the end of the month as part of this years Arts Festival. Only go if you like music.

Before his success with The Gloaming there was Afro-Celt Sound System. A wonderful fusion of cultures ACSS provided a soundtrack to an Ireland on the cusp of change, moving from mono to multicultural. Prior to that Lionird was a member of Sean Riadas Cr Chil Aodha.

Its a storied history of how tradition can evolve while retaining what makes it traditional. The current leg of his musical journey sees him joined by acoustic guitar virtuoso Cooney. Together they forged a unique musical partnership.

The Urney Church will provide the perfect venue to showcase their evocative music.

His observations on his craft are considered. The discoveries of a life in music. A conversational thread on the voice as instrument in sean-ns is a case in point.

I started singing quite young, he recalls. I did think that the words were secondary. None of my teachers thought so. They were very much of the view that it was primary.

I thought it was secondary because I was having what I felt were musical experiences when I was performing. As time has gone on, definitely for me, the importance of the words has reasserted itself in a huge way, in a very profound way. The language itself contains so much music. Even if you werent to sing it, if you were actually to say it. Its just a profoundly musical language.

A short visit to a Gaeltacht emphasises that musicality. To have grown up immersed in the osculating rhythms of the Muskerry region must have had a profound influence on how the sean-ns reveals itself in performance.

Lionird says his awareness of the relevance of the lyrics came later: I learned that actually, perhaps paradoxically, from singing abroad, from singing with classical music ensembles, with classical music composers. They were the ones who said to me This is such an incredibly musical language to write for and to listen to.

That definitely influenced my thinking. I think the language has actually evolved as a musically transmissible form in an older Ireland, which was Gaelic speaking. We know from studies done by writers who travelled in Ireland, three centuries ago and more, that the Irish were given to making music and song in a really, really distinct way.

The Urney Church visit is a return to the Breffni county for Iarla and Steve: Steve and I were recording a beautiful harmonium instrument belonging to Father Darragh Connolly, he tells of his visit to Crosserlough. We were there for a day recording. Its a really beautiful experience and I have been hiring that harmonium from Father Daragh for the last ten years.

When The Gloaming started we had such awful instruments to play. They were broken and they were terrible. So I remember finding a reed organ on reedorganireland.com. I just wrote to the guy. It turns out it was a lovely gentleman by the name of Fr Darragh Connolly. His passion is maintaining and refurbishing these beautiful 19th century instruments. We hired an instrument from him every year for our shows in the NCH in Dublin. When it came to recording with Steve, we didnt want to move the instrument. So we went to Crosserlough to record it where it was played by my friend Ryan Molloy, he says by way of explaining Cavans input to his latest recording.

Iarla Lionird and Steve Cooney perform at Urney Church of Ireland on Friday, May 20 at 8pm. Tickets cost 22.50 at cavanartsfestival.ie

Published: Wed 11 May 2022, 9:49 AM

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Tradition in transition - Anglo Celt

The Ipcress File Trailer Revealed by AMC+ – VitalThrills.com

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AMC+ has revealed the official The Ipcress File trailer, which gives you a first look at the new espionage thriller based on the globally-renowned Len Deighton novel (See on Amazon). You can watch The Ipcress File trailer using the player below.

The series is adapted by Oscar-nominated and BAFTA award-winning screenwriter John Hodge (Trainspotting, T2 Trainspotting).

The enthralling and atmospheric drama stars Joe Cole (Gangs of London, Peaky Blinders) as iconic British spy Harry Palmer alongside Lucy Boynton (Bohemian Rhapsody, Murder on the Orient Express) and BAFTA award-winner Tom Hollander (Pride & Prejudice, The Night Manager, Birdbox).

The six-episode, twist-laden spy thriller offers a stylish and tense tale of abducted scientists, brainwashing, inter-departmental rivalry, treason, and a possibly unwise romance.

Directed by Emmy winner James Watkins (McMafia, Black Mirror, The Woman In Black) and set in Berlin and London during the 1960s, The Ipcress File will make its exclusive U.S. and Canadian premiere on AMC+ Thursday, May 19, with episodes rolling out weekly on Thursdays.

Its 1962. At the height of the Cold War, ex-soldier and convicted thief Harry Palmer (Cole) is recruited to an unorthodox British spy unit whose boss, Dalby (Hollander), wants his help to retrieve a missing scientist.

Working alongside cool, ambitious agent Jean (Boynton), Harrys journey will take him to the wrong side of Berlin, the risky hedonism of Beirut and the blinding light of a Pacific H-bomb test before one step too many lands him an unwitting role in a violent political conspiracy.

The Ipcress File was Len Deightons first spy novel introducing the iconic British spy Harry Palmer and set against the backdrop of Cold War Europe. To date the novel has sold 10 million copies worldwide since it was first published in 1962.

The Ipcress File is executive produced by Will Clarke (Filth) and Andy Mayson (Ghost Stories) for Altitude Television, Andrew Eaton (The Crown) for Turbine, Sandy Lieberson (Performance), James Watkins and Hilary and Steven Saltzman.

The series is produced by Paul Ritchie (McMafia, Slumdog Millionaire).

Set in the fascinating world of Berlin in the 1960s, The Ipcress File continues AMCs legacy of curating captivating, critically acclaimed international thrillers from The Little Drummer Girl and McMafia to AMC+ exclusives Spy City and Kin, said Courtney Thomasma, general manager for AMC+.

She added: AMC+ is proud to partner with ITV Studios to bring John Hodges thrilling adaptation of the beloved spy novel to U.S. audiences. We are also excited to work with Joe Cole again, following the enormous popularity of Gangs of London, this time in his new spellbinding performance of the iconic, working-class British spy.

Greg Johnson, Executive Vice-President, Distribution, Americas at ITV Studios, said: With its stellar on and off-screen talent, rich characterisation and rollercoaster of twists and turns, there is no better home for The Ipcress File than AMC+, and Im delighted that US and Canadian viewers will join audiences across the globe in enjoying the very cool spy Harry Palmer through this new adaptation.

Were immensely proud of what we have created with The Ipcress File and alongside AMC+, we are very excited on the potential of the series. We are thrilled that they will be bringing the daring exploits of Harry Palmer to American audiences next year, commented Will Clarke, executive producer and CEO of Altitude Television.

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The Ipcress File Trailer Revealed by AMC+ - VitalThrills.com

Why Ethereum, Solana, and Cardano All Plunged Today – The Motley Fool

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What happened

The news in the crypto market continued to get worse after Tuesday's de-peg of TerraUSD (UST 14.19%) from the U.S. dollar, as well as the drop in Bitcoin (BTC -11.41%). This has effectively caused a cascade of selling and has led to outright panic in some circles. And even the most useful crypto assets are down big Wednesday.

At noon ET, the value of Ethereum (ETH -18.91%) had fallen 3.6% in the prior 24 hours, Solana (SOL -31.57%) had dropped 19.9%, and Cardano (ADA -29.73%) was down 13.2%.

Image source: Getty Images.

The biggest news of the day was that the TerraUSD stablecoin lost its peg to the dollar. That token's value fell to as little as $0.30 or so, and as of late Wednesday afternoon, was still only at $0.63. This crisis in what was viewed previously as a safe asset has created a cascade of impacts and drops in the prices of nearly all major tokens. According to Coinglass.com, $859 million worth of cryptocurrency positions have been liquidated in the last 24 hours alone, and if prices continue to fall, that number will likely go higher.

When such big tumbles occur, broad panic can set in. That's what we're seeing Wednesday with relatively smaller market cap tokens, like Solana and Cardano. Selling leads to more selling, and because those tokens have no tangible assets to fall back on, there's no clear floor underneath their prices.

Ethereum, which is a top token for use in smart contracts, was actually holding up relatively well, which shows some of the strength in leading cryptocurrencies on a relative basis.

It doesn't help that the stock market is also dropping this week. The quarterly earnings reports that companies have been delivering haven't been as strong as some investors expected, and that's leading to a further "risk off" trade in the market. Cryptocurrencies are highly risky, so in this environment, there are naturally going to be a lot of sellers.

It certainly looks like all-out panic is setting into the crypto market. Investors are getting liquidated in some cases, and some of the investment theses behind cryptocurrencies are falling apart.

What's special about Ethereum, Solana, and Cardano is that they're all utility tokens, allowing developers to build applications on top of their blockchains. And billions of dollars are flowing into the cryptocurrency development ecosystem, which will lead to innovations over the next decade or more. In time, that should drive values higher, although we don't know when those upsides might be seen.

I think we're starting to see the panic in the market reach a peak, and similar moments have typically been buying opportunities for great long-term assets. In cryptocurrency, I think the lasting tokens and blockchains will be those that developers use most to provide digital or real-world utility for users. These three cryptocurrencies are on the top of that list.

That said, there's likely to be more volatility ahead, and this may not be the bottom. So, investors buying now should be prepared, because these are long-term investments, and in the near term, trading in crypto can be unpredictable, as was demonstrated again this week.

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Why Ethereum, Solana, and Cardano All Plunged Today - The Motley Fool

Ethereum and Bitcoin Prices Are Tanking. Heres Why One Expert Thinks Bitcoin Could Drop Even Lower – NextAdvisor

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Editorial IndependenceWe want to help you make more informed decisions. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

Bitcoin and ethereum have dropped more than 10% over the last 24 hours, with bitcoin falling near $29,000 for the first time since December 2020 and ethereum trading near $2,200. And one expert warns bitcoin could drop even further.

Bitcoin could potentially get a mini-bounce at $35,000, but unless we break the trend line at approximately $37,000, Im calling for $29,000 in the coming weeks or week, says crypto expert Wendy O in a recent TikTok video.

Its been a shaky start to the week for Bitcoin and other cryptocurrencies, largely driven by ongoing macroeconomic uncertainty. Bitcoin, the largest crypto, dipped below $36,000 Saturday and continued to nosedive throughout the weekend, hitting its lowest point in over a year Monday.

The crypto markets have been increasingly tracking the stock market, which has been trading in the red recently. Stocks fell sharply Monday, as the market sell-off continued after the Federal Reserve announced its biggest interest rate increase in over 20 years last week.

The overall market has noticed the high correlation to Bitcoin prices and the general equities markets, says Armando Aguilar, head of alternative strategies and research for Ledn, a digital asset savings and credit platform. The S&P 500 and NASDAQ have had the largest correlations to Bitcoin with 0.88% and 0.91%, respectively. A correlation of one means that they move equally one to the other.

For weeks, the crypto market like the stock market has also been under pressure as investors grapple with continued surging inflation, the ongoing swirl of economic events stemming increasingly from Russias invasion of Ukraine, and tighter U.S. monetary policy by the Fed.

The leading crypto continues to have a shaky week, trading at $29,500 Wednesday, down nearly 24% over the last week. This is Bitcoins lowest point since December 2020.

Bitcoin began to descend at the end of last week and continued to fall throughout the weekend, trading between a relative range of $33,000 and $37,000. Bitcoins big drop Monday is just the latest reminder for investors that crypto assets come with extra risk and volatility, especially in times of economic and political uncertainty like were in now.

Bitcoin is breaking below some key technical levels as the never-ending selloff on Wall Street continues. The institutional investor is paying close attention to bitcoin as many who got in last year are now losing money on their investment, Edward Moya, senior market analyst at foreign-exchange brokerage Oanda, wrote in a market analysis. If the USD 30,000 level breaks, that could trigger a flash crash environment if several whales unload.

But Bitcoins new low doesnt come as a surprise to Wendy O, who in April predicted Bitcoin would hit $33,000 sometime before July, based on her technical price charts.

I tweeted this April 17, 2022: I am getting 2021 April-May vibes, which means potential bearish until July. Things Im watching [include] price action, inability to effectively breakout, NFTs go off. O says.

Even with the big drops, Wendy O is still bullish on bitcoin in the long run.

Bitcoins high point of the year so far remains in the earliest days of January, when it nearly hit $48,000. In that same month, bitcoin also dipped below $34,000. Bitcoin has lost more than 50% of its value since its Nov. 10 all-time high above $68,000.

Ethereums price has been rapidly declining over the last few days, trading at $2,200 Wednesday. Ethereum is down 22% over the past week amid a big retreat in Bitcoin and the stock market.

Like all cryptocurrencies, Ethereum tends to follow Bitcoins lead. If Bitcoin is falling in price, ethereum is likely falling, too. But ethereum has also been grappling with anticipation for its massive software upgrade.

Over the next few months, ethereum is planning to move from proof-of-work (PoW) to proof-of-stake (PoS), also known as The Merge. Its a big deal because itll change how transactions on Ethereum are ordered, making it more efficient and sustainable for widespread use.

Ethereum developer Tim Beiko recently revealed that The Merge wont happen in June as previously forecast, though its set still to happen sometime before the end of 2022. No firm date yet, but were definitely in the final chapter of PoW on ethereum, Beiko tweeted on April 11.

That, along with several other macroeconomic factors, has made for a shaky start to the year for ethereum, which in January dropped below $2,200 the lowest ethereums price had been since July 2021. As of Monday, Ethereum is inching closer to its January low.

The prices of cryptocurrencies are extremely volatile. That means they are just as likely to fall down as they are to climb, and experts say thats something crypto investors will have to continue dealing with.

As long as youre only investing what youre OK with losing and have a long-term investment strategy in place, there shouldnt be cause for concern with bitcoin and ethereums recent drops.

Most financial experts recommend investing less than 5% of your total portfolio in crypto. You should also make sure youre prioritizing other aspects of your finances ahead of investing in crypto, such as saving for an emergency, putting money away in a retirement account, or paying off high-interest debt.

If it seems like the crypto market has been acting increasingly like the stock market lately, its because it has been. Increased institutional adoption of crypto has made its market more intertwined with the stock market, which in turn, has been largely impacted by the war in Ukraine, surging inflation, and the Feds tightening monetary policy, experts say.

In the short term, these macroeconomic factors have created some noise and extra volatility in the crypto and stock markets, but this is usual during times of uncertainty.

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Ethereum and Bitcoin Prices Are Tanking. Heres Why One Expert Thinks Bitcoin Could Drop Even Lower - NextAdvisor

Doge gets more love on Twitter and Ethereum gets more hate: Data analysis – Cointelegraph

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Ethereum has taken out the top spot on Twitter as the most hated of five cryptocurrencies studied, while the meme-token Dogecoin is the most liked.

The findings emerged from a new report by TRG Datacenters that analyzed a year's worth of tweets between Jan. 2021 to Jan. 2022, concerning five of the most popular cryptocurrencies to figure out which digital assets were the most emotionally stirring on Twitter.

According to the analysis which looked at Bitcoin (BTC), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH) and Litecoin (LTC) Ethereum was firmly the most negatively associated with 29% of all tweets containing a negative sentiment. (The decision not to include Ripple, which has ardent fans but also very passionate critics, probably makes the study less comprehensive than it should have been.)

The bulk of the criticism leveled at Ethereum concerned its speed compared to other Layer 1 alternatives, as well as its energy costs. Peak Ethereum negativity from Crypto Twitter occurred when a bug caused Ethereum to briefly split into two chains in late Aug. 2021.

Bitcoin was the second-most hated on Twitter with a 27% total negativity score. Cardano followed a distant third with a 16% negative association, while Litecoin sat in fourth place with just 8% of all tweets having a negative angle.

The report collected data in such a way that negative sentiment tweets were analyzed based on the inclusion of the following phrases and the name of each cryptocurrency; "Hate," "is a scam," "disappointed with" / "disappointed," "dip in," "bad," "lost money with"/ "loss on."

Dogecoin was the crowd favorite on the social media platform, with just 6% of all tweets concerning the popular memecoin containing some form of unfavorable sentiment. This means that 94% of all tweets concerning DOGE contain a positive slant, displaying the strength and cohesiveness of the token's community on Crypto Twitter.

Dogecoins popularity was closely linked to the tokens healthy relationship with the social media platforms new owner, Elon Musk. Musks public decision to accept DOGE as payment for Tesla merchandise drove sentiment to all-time-highs.

Chris Hinkle, the Chief Technology Officer at TRG Datacenters drew attention to the different types of influence that Twitter has on the price of crypto assets.

[This] means that small cap stocks and coins in general are experiencing a very real phenomenon of price fluctuations led by retail investors, Hinkle added.

Related: Ice Cube backs DOGE and an incredible and historical transaction

Hinkle went on to explain that the recent acquisition of Twitter by Musk may lead to a more retail-driven crypto market, claiming that Musks newfound influence may perhaps pave the path for less algorithmic manipulation and the beginning of a new era of retail investors.

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Coinbase Stock Crashes As Value of Bitcoin, Ethereum and Other Cryptocurrencies Hit New Lows – HYPEBEAST

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Coinbase stock is plummeting amid the ongoing Bitcoin crash. What was once known as one of the highest-value cryptocurrencies has decreased in price by almost 20% over the past ten days. Having fallen below $30,000 USD, the cost of Bitcoin is now 50% lower than its record high of nearly $69,000 USD, per CNN. The price of Ethereum has similarly fallen, down more than 35% since the start of the year.

As a result, shares in Coinbase, the United States largest crypto exchange, are down by more than 75%, currently priced at about $54 USD per share, and are trading at 85% below their all-time high price from November, per CNN.

In its first-quarter earnings report, published on Tuesday, Coinbase reported a quarterly loss of $430 million USD and a sharp decline in overall users and trading volume.

Whats even more alarming is that in the event that Coinbase declares bankruptcy, users may lose access to their assets. In the report, Coinbase noted that in the event it declares bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings. Per these proceedings, Coinbase users would be treated as general unsecured creditors and unable to lay claim to specific properties. In other words, users would be blocked from their accounts and funds.

Coinbase CEO Brian Armstrong attempted to reassure the platforms users in a series of tweets posted Tuesday evening.

Your funds are safe at Coinbase, just as theyve always been, he wrote. Armstrong went on to assert that Coinbase poses no risk of bankruptcy but included its bankruptcy risk factor message due to a disclosure required by the SEC (U.S. Securities and Exchange Commission) for public companies that hold crypto-assets for third parties.

Armstrong conceded, however, that it would possibly be left up to a court whether to decide to consider customer assets as part of the company in bankruptcy proceedings.

Elsewhere in cryptocurrency, Stripe has partnered with Twitter to offer Global Cryptocurrency payouts in USDC. And for more Web3 content, visit Hypemoon.com.

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Ethereum, the movie – EL PAS in English

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It was nootropics the early 21st-century Silicon Valley tech workers drug class of choice for boosting their productivity that led hedge fund manager Francisco Gordillo to the crypto world.

Gordillo explains that, as he was researching the potential of the new industry in so-called smart drugs, then illegal, he discovered bitcoin (and the blockchain system through which it operates), a new concept for me which was used as a means of payment for these illegal substances.

Then an investment banker who worked on mergers and acquisitions at Banca Rothschild and Credit Suisse, Gordillo says this first encounter with bitcoin was a kind of epiphany. He is now co-founder and co-investment director of Malta-based hedge fund Avenue Investment Crypto, serving professional investors with a minimum worth of 100,000 ($105,100). Avenue Investment had a return of 257% in 2021, although it has had a 15.8% drop through March this year.

Gordillo acknowledges that the hyperactive world of cryptocurrencies, of which bitcoin is one of around 18,000, has certainly attracted its critics. The possibility of making a lot of money very quickly is a kind of drug, and there are a lot of snake-oil merchants about.

Further, there is quite a bit of speculation, as in any new market.

But I dont see a bubble, he continues, saying that crypto overall has a deep and powerful long-term uptrend, with speculation and scammers a logical by-product of an innovative concept that confronts the status quo.

For Gordillo, who is from a well-known family of artists and art dealers in Spain, dealing in cryptocurrencies and using blockchain is not just a technology but an approach to life that is based on principles of decentralized decision-making and the defense of individual sovereignty. He believes that the system will ultimately help us to build a better world.

More than making money with cryptocurrencies, Gordillo says he is dedicated to evangelizing their benefits. He began by making documentaries to fight against the misinformation that surrounds this technology, and is now making a film based on Camila Russos book The Infinite Machine: How an Army of Crypto Hackers is Building the Next

Internet with Ethereum (Harper Collins, 2020). Ethereum is an open source platform used for cryptocurrency transactions, which Gordillo says is explained very well in Russos book. Both will be executive producers on/of the film.

After convincing Russo to bring the text to the big screen, the two set to work looking for finance. They found a perfect match in Non-Fungible Tokens (NFTs), a type of digital asset.

We put together a group of emerging artists to create a collection of NFTs, explains Gordillo.

Some of the money will go to find the film and some will be cashed in by the artists.

They have already raised $1.5 million in a presale of the digital works.

The next step was to find an industry expert to bring the idea to the screen: We proposed it to Ridley Scott.

Scott, says Gordillo, is the ideal partner, having put so much on screen related to technology and science fiction.

Scott liked the project from the beginning, and will participate as a producer; the creator of Alien also found the team a director in Shyman Madiraju.

For now, Gordillo and the team are adapting the book to script and will then begin casting actors. The film will be called The Infinite Machine, like the book, with release anticipated for the end of 2023.

English version by Ann Deslandes

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Why are Ethereum (ETH) and Calyx Token (CLX) so exciting right now? – Deccan Herald

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Today, cryptocurrency may appear to be dangerous territory. Bitcoin (BTC) and Ethereum (ETH), the two most popular cryptocurrencies, have both dropped more than 20% since the beginning of the year. Concerns about inflation, the war in Ukraine, and regulatory uncertainty in the crypto industry have pushed some investors toward lower-risk assets.

However, keep in mind that these factors are currently weighing on the industry. However, they have no bearing on the prospects of individual players. For example, a blockchain that is attracting an increasing number of projects now may thrive in the future. And today is a great time to get in on the action for a low price. Of course, it's best to be selective, especially in these trying times.

Ethereum (ETH) and Calyx Token (CLX), a new liquidity protocol that recently entered presale, are two projects that have been stirring up excitement in the crypto industry. Keep reading to find out why.

Buying the dip

I'm referring to Ethereum (ETH). When is a better time to buy a market leader than when its on the decline? Ethereum (ETH) isn't immune to the bearish sentiment that has gripped the crypto market. However, there is reason to be enthusiastic about Ethereum (ETH) right now because the blockchain is undergoing a major upgrade.

The upgrade is being carried out in stages. The first part, dubbed "the Beacon chain," was already released by Ethereum (ETH). This is the first step in changing Ethereum's (ETH) consensus mechanism from proof-of-work to proof-of-stake. Validators must solve complex computations to approve a transaction using proof of work. Proof of stake empowers those with Ethereum (ETH) holdings to validate transactions. This is both faster and more environmentally friendly because it uses less energy.

The main net will then be merged with this proof-of-stake chain. That is when Ethereum (ETH) will officially switch to proof of stake. This has been postponed recently, but it should happen in the third or fourth quarter of this year. Ethereum (ETH) also plans to introduce shard chains next year. These distributed the workload across new chains.

This is why everything is so crucial. This upgrade addresses Ethereum's (ETH) major issue: network congestion, which has resulted in long transaction times and high transaction fees.

Paving the way for dApps and NFTs

Despite this issue, Ethereum (ETH) has already established itself as a major player. According to the State of the dApps website, Ethereum (ETH) is home to over 2,900 dApps.

According to CryptoSlam data, it's also the most popular blockchain for non-fungible token (NFT) sales by volume. The strength of Ethereum (ETH) is also demonstrated in a report by Electric Capital, a firm that invests in blockchain technology. Last year, the number of Ethereum (ETH) developers increased by 42%. In terms of tools, apps, and protocols, Ethereum (ETH) remains the dominant player.

The first-mover advantage belongs to Ethereum (ETH). Growth could take off in the coming years as a result of the upgrade. Naturally, all cryptocurrencies carry a high level of risk. That's because the industry is still young, and it's unclear whether the rest of the world will embrace it.

Calyx Token (CLX) wants to shake things up

Calyx Token (CLX), the most recent liquidity protocol to hit the market, uses cutting-edge technology to help users avoid the long processing times and exorbitant gas fees common across crypto exchange platforms.

Calyx Swap, the platform's exchange solution, will pool liquidity from multiple sources across multiple DEXs belonging to various blockchain networks such as Ethereum (ETH), Polygon (MATIC), Binance (BNB), and Avalanche (AVAX) to provide users with the best rate for any swap on any supported blockchain network.

In addition, Calyx Token (CLX) intends to be permissionless and decentralised. Users will not have to go through the extensive security checks required by centralised exchange platforms, nor will they have to register to use the swap. This is expected to significantly increase Calyx's (CLX) popularity, potentially driving up the token's price.

Calyx Token (CLX) is currently in the presale stage, so early adopters are likely to profit handsomely when the token goes live. CLX holders believe the presale will allow them to profit from the platform's expected success, as the platform's White Paper promises to bring revolutionary changes to the crypto market.

Final Thoughts

Judging by the upcoming developments that Ethereum (ETH) and Calyx Token (CLX) have planned, they appear to be strong long-term investments despite the markets bearish sentiment. Calyx Tokens (CLX) presale might offer investors the chance to explode their returns, considering the ongoing hype around its swap.

Never put more money into something than you can afford to lose. If you want to try crypto, investing in presales or the market leader is a good place to start.

Enter the Calyx Token (CLX) presale now:

https://presale.calyxtoken.io/registerhttps://calyxtoken.io

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Here’s Why Bitcoin, Ethereum Look Ready To Bounce – Benzinga – Benzinga

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Bitcoin BTC/USD and Ethereum ETH/USD were trading over 4% and 5% lower, respectively, on Monday. The move lower is the continuation of a downtrend, which escalated on May 5.

Since that date, Bitcoin has plunged over 18% and Ethereum has plummeted about 19%, as fear of a recession has gripped traders and investors, causing an accelerated move to the downside.

A recession takes place when economic activity begins to decline due to people deciding to spend less money and save more. Rising inflation and the Federal Reserves decision to continue hiking interest rates contributes to the cycle because purchasing everyday items becomes too expensive and investing cash becomes more lucrative.

The cryptocurrency sector is highly susceptible to a possible recession because its utility is entirely dependent on traders and investors using coins and tokens to pay for items.

No stock or crypto ever goes straight down, or up, and although Bitcoin and Ethereum could see more downside in the immediate future, at least a bounce is likely to eventually come.

Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial.

The Bitcoin Chart: On May 5, Bitcoin broke down bearishly from a falling channel pattern on higher-than-average volume, which caused extreme fear amongst traders and investors. The crypto has since fallen off a cliff, continuing to slide without bouncing up on the daily chart to form a higher low.

The Ethereum Chart: Unlike Bitcoin, Ethereum hasnt yet broken bearishly from its own falling channel, which the crypto has been trading in since April 5. On Monday, Ethereum was testing the bottom descending trendline of the pattern and holding above the level, which is a positive sign for bullish traders.

See Also:How to Read Candlestick Charts for Beginners

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Here's Why Bitcoin, Ethereum Look Ready To Bounce - Benzinga - Benzinga

Yieldstreet’s Crypto Wallet Helps Investors Store and Convert Bitcoin and Ethereum – Business Wire

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NEW YORK--(BUSINESS WIRE)--Yieldstreet, an alternative investment platform that has funded more than $3 billion in private market opportunities since inception, is launching a crypto wallet, a tool that allows investors to deposit Bitcoin and Ethereum with the option to seamlessly convert them into fiat currency to invest in Yieldstreets offerings.

Yieldstreets crypto wallet can allow you to safely store and - most importantly - to swiftly convert cryptocurrency. At Yieldstreet, we believe investors who own Bitcoin or Ethereum1 - and potentially some additional cryptocurrencies in the future - should have the flexibility to deposit them just as they would fiat currency and should not have to go to third parties for conversion if they decide to diversify away from crypto and invest in other alternative assets, said Michael Weisz, Founder and President of Yieldstreet.

Investors who want to deposit their Bitcoin or Ethereum on Yieldstreet can create a specific crypto wallet and use their Yieldstreet wallets address to transfer funds from other exchanges or from their personal crypto wallets, a widely-used industry protocol. The currency will be stored in a custodian-managed secured account.

The wallet can be utilized to invest in Yieldstreets offerings, across a wide array of alternative asset classes, including opportunities for exposure to digital assets through third-party funds. Subject to the approval of an investment request, Yieldstreet will automatically convert to USD via a trusted third party.

About Yieldstreet

Yieldstreet is reimagining how wealth is created by providing access to alternative investments previously reserved only for institutions and the ultra-wealthy. Yieldstreets mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. Its award-winning technology platform provides access to investment products across a range of asset classes such as Real Estate, Commercial, Consumer, Art, Legal Finance, Venture Capital, and Private Equity. Since its founding in 2015, Yieldstreet has funded over $3 billion of investments and is committed to making financial products more inclusive by creating a modern investment portfolio. The company, headquartered in New York City with offices in Brazil, Greece, and Malta, is backed by leading venture capital firms. Join the movement at http://www.yieldstreet.com.

1 Combined, Bitcoin and Ethereum amount to 70% of the cryptocurrency market, as of November 2021.

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Yieldstreet's Crypto Wallet Helps Investors Store and Convert Bitcoin and Ethereum - Business Wire

Crypto Whale Just Moved $24M Worth Of Ethereum (ETH) Off Bitfinex – Benzinga – Benzinga

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What happened: An Ethereum ETH/USD whale sent $24,134,942 worth of Ethereum off Bitfinex.

The ETH address associated with this transaction has been identified as:

0x84b38bc60f3bd82640ecefa320dab2be62e2da15

Why it matters: Whales typically send cryptocurrency from exchanges when planning to hold their investments for an extended period of time. Storing large amounts of money on an exchange presents an additional risk of theft, as exchange wallets are the most sought-after target for cryptocurrency hackers.

Ethereum whales that run their own validator nodes (costing 32 ETH each) must send their Ether to the Ethereum 2.0 beacon chain, which is then locked up until the launch of Ethereum 2.0 in 2022.

According to Glassnode, only 17.16% of the total supply remains liquid across all centralized exchanges.

The removal of ETH from an exchange reduces potential sell side pressure, allowing the price of Ether to increase more easily.

See Also: Best Crypto Apps 2021 and Best Crypto Portfolio Trackers

Price Action: Ethereum is down 0% in the past 24 hours.

See Also: How To Buy Ethereum

Public Blockchain data sourced from Whale Alerts Twitter.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Crypto Whale Just Moved $24M Worth Of Ethereum (ETH) Off Bitfinex - Benzinga - Benzinga

Ethereum Towers: Is the Metaverse just for Gamers? – GlobeNewswire

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Tortola, BVI, May 10, 2022 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Its impossible to escape the recent explosion of discussion about what and where the Metaverse will be in the future. With many established brands such as Meta (formerly Facebook), Adidas and Nike making strategic moves into the space it is plain to see that something is coming over the horizon. Even though its a clich, anyone that is here now is still most definitely early. But the question we are looking into today, is whether or not the Metaverse is solely for the gaming community or is there other utility that will be discovered by non-gamers too?

There is obviously a shortcut in thinking that if it is designed by gaming developers, uses a VR headset and has graphics that it is a game and it is aimed at gamers. Yes, its true that those already indoctrinated to the gaming world that own and regularly play on consoles will understand the technology quicker than those that do not already, but are gamers the only ones who will inhabit the Metaverse or will be there be room for everyone, and importantly will they want to?

Meta reportedly spent over $10 billion on its Metaverse division in 2021 which means that Mark Zuckerberg definitely believes that there is a digital future for social interactions beyond the headline grabbing name change. From the promotions that Meta have already released it is obvious that they are looking to normalize and demystify the emerging technologies for non-technical and non-gaming audiences. The problem at the moment is that the Metaverse is so loosely defined and strung together with various technologies that it has the feel of an unfinished product waiting for a purpose, rather than a box fresh packaged product you can take off the virtual shelf with a click of a button.

One such hopeful in the race to the Metaverse is Ethereum Worlds, a self-styled high end Metaverse that has community centricity at its heart. Centered around two professionally designed, identical towers dubbed Ethereum Towers. The Towers contain 4,388 apartments that can be owned by purchasing one of their access card NFTs. The apartments are fully customizable and there are 3 different types; standard, luxury and penthouse. The gameplay (there we go again) or look and feel is that of an almost real reflection of real life, though without the inconvenient things like litter and weather.

The organization states that you can use your apartment for many of the things that you would in a real life residence; you can relax, entertain and even do business there if you so wish. This parallel reality paradigm shift could see a step change in how people do everyday things. It may see non- gamers purchasing VR headsets in order to do virtual business or take in the scenery of a different location. The added bonus to the Ethereum Worlds ecosystem is a feature called engage to earn or E2E, this is where residents and visitors have the chance to earn rewards in the form of the in-world utility token $TWR just for being there, imagine being paid for turning up to your real life!

It is probably safe to say that projects like Ethereum Worlds will eventually attract wider audiences than the gaming community in the future. However, it might need the gamers to forge the way until the concept is less abstract and the interfaces/ technology are more accessible to those new to the experience. The fact that projects such as Ethereum Worlds are a reflection of reality rather than a dystopian fantasy adventure game, might eventually lead to higher adoption rates and real life business moving there in the future. For more information on Ethereum Towers and Ethereum Worlds you can check them out at https://ethereumtowers.com

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Pallapay Offer Buy and Sell USDT, Bitcoin, Ethereum and 200+ Cryptocurrency with Cash in Dubai UAE Now – GlobeNewswire

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Dubai, May 11, 2022 (GLOBE NEWSWIRE) --

Pallapay Offer Buy and Sell USDT, Bitcoin, Ethereum and 200+ Cryptocurrency with Cash in Dubai Now

Dubai Branch of the Pallapay USDT Shop

Pallapay has been providing cryptocurrency exchange services in Dubai since 2015.

Over those years, the agency has proven itself as a reputable exchange where thousands buy and sell bitcoin in Dubai, along with a host of other cryptocurrencies.

The new policy is expected to spur a huge demand for the variety of cryptocurrencies services in general.

Pallapay Bitcoin shop is fully ready and well-equipped to assist prospective clients looking to exchange Bitcoin to cash in their offices in the city center.

The agency boasts years of experience and a retinue of professional employees who can cater to both experienced crypto customers as well as beginners new to the digital currency revolution.

The agency has received among numerous recognition's, the award from the largest Crypto Expo Dubai . With a wide range of crypto services, Pallapay has established a solid reputation as a leading brand when it comes to buying and selling Bitcoin in Dubai UAE, and many other countries.

About Pallapay USDT Shop

Pallapay is an international brand providing cryptocurrency exchange services.

Currently, it operates in four (4) different countries and major cities: Dubai, USA, Singapore, and Istanbul. Since 2015, thousands of people have relied on Pallapay to exchange their cryptocurrencies for cash and vice versa. The most demanded services, however, are to sell bitcoin in Dubai, sell USDT (Tether) in Dubai, and sell Ethereum in Dubai.

Bitcoin is one of the most popular cryptocurrencies can be bought and sold at Pallapay.

When it comes to selling bitcoin in Dubai, Pallapay offers competitive pricing, provision of exchange of big amounts, and instant transactions for its teeming clientele, putting it one step above the other exchanges in Dubai.

Besides selling Bitcoin in Dubai, Pallapay also allows anyone to exchange 2000+ cryptocurrencies for cash or bank transfer and cash to crypto.

Pallapay Also Provides Crypto to Fiat POS Machine System For The First Time in Middle East. Hotels, Restaurants and Shops Can Now Use Crypto POS Machine From Pallapay, Charge The Client With Crypto and Receive The Fiat in Their Bank Account Easily Without Having Any Knowledge of Crypto.

Buy USDT Tether in Dubai with Cash.Sell USDT Tether in Dubai with Cash.https://www.pallapay.com/index.php/buy-sell-bitcoin-tether-dubaihttps://www.pallapay.com/buy-bitcoin-dubai

Address: The binary By Omniyat, Office P402, Business Bay, Dubai, UAEEmail: info@pallapay.com

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Cryptocurrency Ethereum Classic Falls More Than 16% In 24 hours – Benzinga – Benzinga

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Ethereum Classic's ETC/USD price has decreased 16.58% over the past 24 hours to $20.63, continuing its downward trend over the past week of -26.0%, moving from $28.25 to its current price.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Ethereum Classic's trading volume has climbed 150.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 2.56%. This brings the circulating supply to 134.72 million, which makes up an estimated 63.94% of its max supply of 210.70 million. According to our data, the current market cap ranking for ETC is #32 at $2.89 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Ethereum Classic Falls More Than 16% In 24 hours - Benzinga - Benzinga

Heres Why Solana (SOL) Is Still the Number One Ethereum (ETH) Competitor, According to InvestAnswers – The Daily Hodl

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A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger.

The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his Day One Thesis was that SOL was his Ethereum hedge as he considers Solana the only potential ETH killer.

He notes that SOL has less than 1/12th the market cap of ETH but its doing a lot of stuff.

The analyst also outlines Solanas potential advantages over Ethereum.

The strength of Solana, and the reason why I still like it, is that they have the most breadth of DApps [decentralized applications] of any chain out there. They have exponential adoption. Fast, inexpensive, scalable. Despite the outage

It also has Rust, the most preferred developing language thats driving the most development activity on any chain. 65,000 [transactions per second]. No need for layer-2s, and SOL DApps have more daily active users than Ethereum DApps, which is kind of staggering, because Ethereum has about 3,000 DApps and SOL has about 750.

The analyst does note that Solanas outages are a potential issue. Solana suffered a network outage in late April when the projects mainnet beta cluster ceased producing blocks as a result of stalled consensus, according to Solana Labs.

The outage came after Solana alreadydealtwith publicized network and performance problems in December and January, as well as a previousoutagelast September.

The InvestAnswers host also notes that Solana has higher inflation than Ethereum.

He notes Ethereums advantages include its larger size, earlier launch date and higher adoption rate. He adds that Ethereum also has the most validators, and it is more decentralized and deals with less regulatory risk.

Solanas native asset, SOL, is trading at $65.51 at time of writing. The seventh-ranked crypto asset by market cap is down more than 14% in the past 24 hours.

I

Featured Image: Shutterstock/Bruce Rolff

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As Bitcoin Mining Difficulty Hits 5% ATH, Majority Of Miners Shift To Ethereum | Bitcoinist.com – Bitcoinist

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The mining difficulty for Bitcoin (BTC) has reached an all-time high, reducing the already diminishing profit margins of miners.

The new development could be catastrophic for crypto miners. As it also appears that the price of BTC is declining, Bitcoin miners may be going into a storm.

According to data from btc.com, a company that monitors BTC mining performance, Bitcoin mining difficulty has increased dramatically.

As noticed on Twitter by renowned cryptocurrency reporter Wu blockchain, the difficulty of mining the crypto has increased by approximately 5 percent to 31.25T.

This increase follows a roughly 5.6% increase two weeks ago, when the networks difficulty surpassed the 29T area for the first time ever.

Suggested Reading | BTC Is Being Pummeled Will Tesla And MicroStrategy Sell Their BTC?

Bitcoin mining is the process of confirming and adding a new transaction block (set) to the blockchain. The level of difficulty measures how complex it is to vie for mining payouts.

Network users that engage in the mining process (known as validators or miners) are rewarded with a fixed number of BTCs for each transaction block they successfully validate and add to the blockchain.

In contrast, Bitcoin hashrate, or the networks computing capacity, has remained virtually unchanged.

During the same two-week period, however, the profitability of Bitcoin mining decreased by approximately 13 percent.

During this time span, the price of Bitcoin decreased by 23 percent. The price decreased from approximately $39,390 on April 27 to the current level of $29,310, a Coingecko chart shows.

According to analysts, Bitcoin mining companies will be in significant danger if the cryptocurrency hovers below $30,000 for an extended period of time.

However, the greatest fear is not the BTC price falling below $30,000, but rather the duration of the slide, or how long the crypto will continue falling.

Based ondata releasedby ByteTree, miners have spent much more of their newly created BTC than they held over the past weeks.

Suggested Reading | Bitcoin City Layout Unveiled: Will Crypto Metropolis Help El Salvadors Ailing Economy?

Meanwhile, the majority of Bitcoin miners are currently shifting to Ethereum because of a higher return on investment as the network suffers significantly as BTC mining difficulty rises.

In 2021, when ETH broke through the $4,000 resistance, mining Ethereum got even more profitable. Moreover, as the launch of ETH 2.0 nears, the most sought after crypto asset is finding it increasingly difficult to maintain its dominant position.

With these developments coming up,an increasing number of miners are shifting to the Ether network and steer clear from unexpected crashes in the middle of their transactions.

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As Bitcoin Mining Difficulty Hits 5% ATH, Majority Of Miners Shift To Ethereum | Bitcoinist.com - Bitcoinist

Bitcoin, Ethereum Save The Day For Russian News Outlet Critical Of Vladimir Putin – Benzinga – Benzinga

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A Russian-language independent news outlet has raised more than $250,000 in cryptocurrency donations to continue reporting independent news under the Russian government crackdown and censorship.

What Happened: Latvia-based Meduza, a news site that says its reports on "The Real Russia,"has been collecting donations since March in the form of USD, Euros, and cryptocurrencieslike Bitcoin BTC/USD andEthereum ETH/USDamong others.

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According to a CoinDesk report, the news company has so far received around $250,000 in crypto donations from 146,000 individual transactions. It further added that around 93% of the total donations came in the form of 3.75 Bitcoin ($116,954) and 49.9 Ethereum ($117,767).

How Did This Happen: Financial troubles for Meduza began in April 2021, after it, along with several other independent media outlets critical of President Vladimir Putin, was labeled by Russia's Justice Ministry as "foreign agents."

This required company to place a large font warning in each of its Russian-language articles, informing readers of its "foreign agent" status which led to a loss of nearly all its advertisers.

Although its foreign agent status did not prevent Russian readers from donating to the organization it was after the Russian invasion of Ukraine when the government decided to block its site in the country, and it lost "30,000 donators."

Russian authorities banned the site for "disseminating information in violation of the law." and the company says that now it gets "no money from Russia at all."

Read Next:'Happy Victory Over Nazism Day:' Russia's Putin And Ukraine's Zelenskyy Address Citizens On Victory Day Amid Raging War

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Bitcoin, Ethereum Save The Day For Russian News Outlet Critical Of Vladimir Putin - Benzinga - Benzinga