Billionaire Mark Cuban is laying out his latest altcoin picks as the crypto markets push through and continue to show signs of life. In a new interview with Altcoin Daily, the Shark Tank investor tells hosts Aaron and Austin Arnold about half a dozen low-cap crypto assets in his portfolio, including Bored Ape Yacht Club […]
The post Mark Cuban Reveals Low-Cap Altcoin Portfolio, Including ApeCoin (APE) and Five Additional Crypto Assets appeared first on The Daily Hodl.
Roadmap and protocol upgrades are a few of the factors behind the month-long rally in LINK, OCEAN and HNT.
Positive price movements during bear markets are noteworthy primarily because they can help identify projects that have a good chance of surviving until the next bull cycle .
Generally, price action in June has been stagnant for a majority of the crypto market because traders are nervous about Bitcoin's (BTC) oscillation around the $30,000 support level, but there have been a few strong performers.
Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers in the month of June have been Chainlink (LINK), Ocean Protocol (OCEAN) and Helium (HNT).
The Chainlink protocol is the most widely adopted oracle network in the cryptocurrency ecosystem which allows blockchains to securely interact with external data feeds for the proper functioning of smart contracts.
Earlier this week, the project revealed a roadmap for the first time and indicated that LINK staking would launch soon. The NewsQuakes™ alert system from Cointelegraph Markets Pro managed to capture the staking announcement for LINK on June 7, prior to the recent price rise.
As seen in the chart above, following the NewsQuakes™ alert for LINK which was registered at noon on June 7, the price of LINK proceeded to increase by 29.55% over the next two days.
Ocean Protocol's native OCEAN token also was a strong performer this week and data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.1965 on June 3, the price of OCEAN has rallied 64.53% to hit a daily high at $0.3233 on June 9.
The climbing price of OCEAN comes after the release of the Ocean ONDA v4 data marketplace which debuted the release of data NFTs that can be used to model the copyright or exclusive license for a data asset.
Along with the introduction of data NFTS, the protocol has also introduced Ocean data framing which enables token holders to stake their OCEAN tokens and earn up to 125% APY.
Related: Chainlink brings Keepers and VRF to the Avalanche blockchain
Helium protocol is a 5G Internet-of-Things-focused project supporting low-powered wireless devices to communicate with each other and send data across its network of nodes.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $6.35 on May 29, the price of HNT has surged 79.14% to hit a daily high of $12.28 on June 9 as its 24-hour trading volume spiked 249% to $126.7 million.
HNT's breakout occurred as the Helium community voted on HIP-51, a proposal that covered the economic and technical constructions needed to scale the Helium Network to support new users, devices and different types of networks including cellular, VPN, WiFi and LPWAN.
Voters ultimately approved the proposal on June 8, with 96.94% of voters approving the transition to making Helium a “network of networks.”
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Billionaire Mark Cuban’s Ethereum wallet is offering a glimpse at the Shark Tank investor’s latest crypto portfolio shuffle. According to Ethereum search engine EtherScan, ETH remains the top asset in Cuban’s wallet, but Circle’s USDC stablecoin has now appeared at the number two spot. At time of writing, there is currently 260,462 USDC in Cuban’s […]
The post Billionaire Mark Cuban Is Making Big Changes to His Crypto Portfolio – Here’s a Look at His Ethereum Wallet appeared first on The Daily Hodl.
The Vanuatu government announces its support for the Satoshi Island Community Project, a private crypto island where fiat isn't invited.
It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC).
Now, the prime minister of Vanuatu, the Honourable Bob Loughman, has officially given the green light to Satoshi Island.
Satoshi Island is the megaproject crypto utopia in the South Pacific tha recently disclosed to Cointelegraph its vision, progress and preparation. Hot on the heels of news that they received 50,000 citizenship nonfungible token (NFT) applications, the prime minister of Vanuatu has given his blessing to “watching the development of Satoshi Island unfold.”
For the team at Satoshi Island, the endorsement is welcome news:
“With this full endorsement from the prime minister of Vanuatu in hand, we can show everyone that Satoshi Island is as real as it gets, and the kind words of the PM inviting our community to their home could not be a warmer welcome.”
The official letter states that “the overnment of Vanuatu welcomes the Satoshi Island project and its community to our country,” while highlighting that “Vanuatu is looking for new ways to attract investment and people to our country.”
The COVID-19 pandemic “severely affected the tourism sector,” a mainstay of the Vanuatu economy, contributing 34.7% to total GDP in 2019. According to World Bank data, visitor numbers to the paradise-like archipelago 2,000 kilometers (or 1,243 miles) from Brisbane dropped from circa 300,000 to 80,000 in 2020.
The team at Satoshi Island had previously told Cointelegraph that the “lack [of] tourism” was one of the pain points they wished to alleviate with their project. Fundamentally, however, the “crypto industry finally has a physical home” in Satoshi Island.
Satoshi Island is a space in which crypto enthusiasts plan to reside — not visit. Community members will be living in sustainably-built homes in a community organized by decentralized autonomous organizations, or DAOs, where ownership is represented by NFTs.
Many of the past crypto megaprojects, from Akon City in Senegal to CryptoLand in Fiji, have failed. Satoshi Island’s team advises others to “keep ideas on a need-to-know basis within the team until everything is in place to turn the idea into a reality.”
Related: ‘Satoshi Island’ crypto utopia receives 50K citizenship NFT applications
The team recommends that others "be very selective with the location and ensure it [is] logistically, environmentally and legally possible," as well as to
“Be very selective with the location and ensure [...] most importantly, owning the land before you release your project is an essential step to showing your target market that what you are promoting is real and not just a pipe dream.”
With the prime minister of Vanuatu's approval, the Satoshi Island crypto "pipe dream" is nearing reality.
A crypto island in the South Pacific where fiat is not allowed is making waves: Modular homes under construction, NFT citizenship applications and a promise of a decentralized future.
Step aside, El Salvador, there’s a new Bitcoin-centric destination on the map. As a 32-million-square-foot private island sanctuary in the remote South Pacific, Satoshi Island is a “place for the crypto community to call home.”
A combination of honeymoon getaway, Bond-villain hideout and naturalist paradise, there’s one enigmatic exception to Satoshi Island: it’s 100% crypto. Talking to Cointelegraph, the Satoshi Island team of Denys Troyak, James Law, Taras Filatov and Benjamin Nero mentioned that it is:
“A true crypto-economy where everything will be paid for in crypto and all ownership on the island is represented with NFTs.”
With its name inspired by the creator of Bitcoin (BTC), Satoshi Nakamoto, the team added that “the island intends to host events all year round, house and headquarter crypto projects as well as being a gathering place for crypto enthusiasts worldwide.”
Further down the road, the island could “operate as a decentralized autonomous organization.” To date, they’ve bought an island, secured build permits and reached a milestone of 50,000 visa nonfungible token (NFT) applications to become permanent crypto residents. An NFT marketplace is currently hush-hush.
The creation of a crypto utopia may seem unassailable even for the ambitious crypto community. Still, the founders have already received “50,000 applications for our free Citizenship NFT, acting as a whitelist to enter our Land NFT sale, while also permitting the holder to live on the island with many other benefits.”
Every home will be an NFT, or a “Satoshi Island Land NFT,” which can be traded. For the traditionalists, NFT holders can “turn their digital rights into physical documentation on the official land registry of Vanuatu.”
Unlike famous flops such as Fyre festival or CryptoLand — or any other failed fantasy project from an overly enthusiastic team of venture capitalists — Satoshi Island has mapped out a strategy, ticking off key developments in an orderly fashion. The team scoured the globe to choose a location, respected the legal process and avoided paid marketing or influencer campaigns.
Watch our video & see how we're turning a dream into reality!
— Satoshi Island (@satoshiisland) January 27, 2022
Yes, we already own the island
Yes, we can develop as advertised
Yes, the government supports our plan
Yes, our team has relevant expertise
️#satoshiisland a home for crypto enthusiasts & professionals worldwide! pic.twitter.com/1O05kmfrN1
The Satoshi Island vision began during the 2017 bull run, as the “concept started out as an idea to have a place for the crypto community to call home and the actual island was chosen years after.” In fact, “it took many years to find the right island and to get everything together to be able to release to the public.”
First, the island had to be remote enough for privacy but not so remote that development would be too difficult. Second, the island should not be at risk of climate change and be protected from natural disasters. The slog to find an adequate location was compounded by the knowledge that, while it was “undoubtedly exciting” to pore over the world in search of an island for sale, they “had to be realistic.”
“This project started out as a crypto project looking for an island, not an island looking to become crypto city.”
Plus, the government managing the territory must be “open to the idea of a crypto city.” Finally, after years of searching, the team was onto a winner with Vanuata: “The government showed a willingness to innovate and were open to discussions right away.”
Indeed, the Pacific island nations are building a reputation for being crypto-friendly. Nearby, in Tonga, Bitcoin as legal tender has been widely discussed while just across the same body of water, the Marshall Islands has “opened the gates” to DAOs.
Vanuatu lacks “jobs and tourism,” while in terms of animals, the island — which used to be called Lataro — was overfished and over-poached. The population of coconut crabs was driven “close to extinction” prior to the land purchase.
The Vanuatu government warmed to the idea of creating a future-thinking space where job creation would be high. As for the crabs, the plan is to revive dwindling wildlife populations.
“The minister of finance was already interested in the idea of a digital economy and using blockchain technology when we spoke to him, so he was very excited about the idea of having our company and many of the brilliant minds in our industry call Vanuatu home.”
The team has since received a letter of support from the government to start building on the island using the “latest and greatest sustainable technology,” as solar power features are just one example of being added to the new builds of modular homes. The architect for the project added that “it’s a wonderful opportunity for them to build a land from the ground up.”
All of the energy generated from the island will be from renewable sources. Meanwhile, the team said that they’re “not really focused on cryptocurrency mining.” Instead, the plan is to use “solar panels built on top of the homes to run the entire community basically on a shared grid.”
When pressed on whether Bitcoin mining enthusiasts could pack an S19 into their suitcase to be able to mine sustainably, the team said that‘s still no problem at all.
Sustainability aside, the team stressed the importance of the overall feel of the island. “It’s not a resort” because it will be a “home” with “a permanent population.” According to the website, the goal is to be considered the “crypto capital of the world” — an unachievable goal without permanent residents.
21,000 investors or residents, echoing the 21 million Bitcoin that will ever be mined, will be the island’s headcount. Naturally, residency is granted via an NFT minted on the blockchain. To date, 50,000 people have registered interest in the project, buying into the vision of a “community where they can live, work and visit all year round.”
Nonetheless, NFT residency does not grant Vanuatu citizenship. If crypto enthusiasts want to say goodbye to fiat and hello to a year-round cryptocurrency life in the sun, the Vanuatu government states that citizenship costs $130,000.
The NFT marketplace is imminent while building the physical island development is underway. A “private opening” of the island is planned for quarter four this year for short-term visits. By early 2023, NFT homeowners will “be able to begin residing on the island.”
