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BREAKING – Crypto Hater Peter Schiff Targeted In Fake $GOLD Coin Scam On Twitter Hack

Peter Schiff, a well-known figure in the world of finance and a vocal critic of cryptocurrencies, has found himself at the center of a questionable incident on Twitter today. In a brazen attack, hackers targeted Schiff to promote what appears to be a fake $GOLD coin scam.
The news of this hack came to light when it was <a href="https://twitter.com/spencerkschiff/status/1664829999050891271" target="_blank" rel="noopener nofollow">announced on Twitter</a> by none other than his own son, Spencer Schiff who, in stark contrast to his father&#8217;s views, holds a positive stance on crypto, particularly on Bitcoin.
<blockquote class="twitter-tweet">
DO NOT CLICK THIS LINK. My dad is in London and it&#8217;s 4 AM over there which means he was almost certainly hacked. He&#8217;s not responding to any of my texts. <a href="https://t.co/sHvQccCtLp" rel="nofollow" target="_blank">https://t.co/sHvQccCtLp</a>
— Spencer Schiff (@SpencerKSchiff) <a href="https://twitter.com/SpencerKSchiff/status/1664829999050891271?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 3, 2023</a></blockquote>

<h2>Peter Schiff: Complicated Relationship With Crypto</h2>
The elder Schiff has, for years, consistently criticized cryptocurrencies, particularly Bitcoin, dismissing them as nothing more than a Ponzi scheme lacking any intrinsic value. However, in a surprising turn of events, Schiff last week unveiled a collaborative <a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32611835/bitcoin-critic-peter-schiff-launches-ordinals-collection-clarifies-he-hasnt-converted-bina" target="_blank" rel="noopener nofollow">nonfungible token (NFT) art collection</a> that will soon be auctioned on the Bitcoin network.
<blockquote class="twitter-tweet">
I haven&#8217;t converted. I think the value is in the art. An original oil painting and limited edition signed prints. The Ordinals help add value to the art by making it easier to prove authenticity. The Ordinals themselves could have extra value if it turns out I&#8217;m wrong on Bitcoin.
— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1662825149614157826?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 28, 2023</a></blockquote>

The response from the crypto community has been varied, evoking a range of emotions from confusion to amusement and even acceptance, particularly among proponents of alternative cryptocurrencies. Some have taken the opportunity to highlight the apparent hypocrisy in Schiff&#8217;s actions, given his long-standing hate of digital assets.
<h2>Exploiting The Narrative?</h2>
The motive behind the hackers&#8217; decision to target Peter Schiff&#8217;s Twitter account becomes clearer when considering the narrative of a once crypto-critic turned crypto-believer. This transformation in Schiff&#8217;s perspective might have made him an appealing target, as hackers sought to exploit this newfound interest in order to promote a non-existent digital coin.
The fraudulent coin in question, $GOLD, holds no verifiable presence on the internet at the time of writing. It&#8217;s important to highlight that Peter Schiff has long been an <a href="https://www.youtube.com/watch?v=2-Bse91yeUc" target="_blank" rel="noopener nofollow">ardent advocate for investing in gold</a>.

The hackers&#8217; strategy seems to hinge on the irony of promoting a coin related to gold to someone who strongly supports the traditional precious metal. By leveraging Schiff&#8217;s reputation as a gold proponent, the perpetrators likely aimed to gain credibility and capture the attention of unsuspecting individuals who might associate the coin with Schiff&#8217;s endorsement.
As for the younger Schiff, he hasn&#8217;t made an update regarding the incident, including the status of his father&#8217;s account and whether or not they&#8217;ve identified the individuals behind the attack.
On Target: Peter Schiff
At the time of writing, Peter Schiff&#8217;s <a href="https://twitter.com/PeterSchiff/status/1664823256182841345" target="_blank" rel="noopener nofollow">fake $GOLD coin tweet</a> remains visible on his profile.
<blockquote class="twitter-tweet">
This is why I am delighted to unveil the official launch of <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$GOLD</a>, a groundbreaking cryptocurrency token poised to empower the <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Web3</a> community, bridging the worlds of physical and digital currency.
Claim your <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$GOLD</a> here: <a href="https://t.co/pj2vetpMP2" rel="nofollow" target="_blank">https://t.co/pj2vetpMP2</a> <a href="https://t.co/PiyPeAFeaC" rel="nofollow" target="_blank">https://t.co/PiyPeAFeaC</a>
— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1664823256182841345?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 3, 2023</a></blockquote>

<img decoding="async" loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/x/N6v63ops/" width="2047" height="979" />


-Featured image from Dado Ruvić/Reuters

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Tornado Cash Sanctions Called “Unprecedented And Unlawful” By The Blockchain Association

The Blockchain Association and DeFi Education Fund have <a href="https://theblockchainassociation.org/wp-content/uploads/2023/06/42-1.pdf" target="_blank" rel="noopener nofollow">filed</a> an amicus brief calling the U.S. Treasury Department&#8217;s decision to sanction Tornado Cash &#8220;unprecedented and unlawful.&#8221;
Until OFAC imposed sanctions, Tornado Cash was the most popular privacy-protecting tool on Ethereum, the world’s second-largest digital asset platform. The software is self-executing computer software published on the Ethereum blockchain, and it functions automatically without any human intervention or assistance.

<h2>Blockchain Association Takes On U.S. Treasury Over Tornado Cash Sanction</h2>
The filing argues that the decision to sanction Tornado Cash reflects a basic misunderstanding of the software and its workings. The protocol was the most popular privacy-protecting tool on Ethereum until the Office of Foreign Asset Control (OFAC) imposed sanctions.
The amicus brief highlights the importance of Tornado Cash as a tool for protecting the privacy of digital asset users. It argues that Americans are using digital assets more than ever, with 20 percent of American adults owning digital assets and 29 percent planning to buy or trade digital assets.
The brief also notes that software like Tornado Cash can be misused for illicit purposes but is primarily used for legitimate and socially valuable reasons. The filing further claims that the sanctions exceed OFAC&#8217;s statutory authority and result from &#8220;arbitrary-and-capricious decision-making.&#8221;


OFAC sanctioned the protocol on November 18, 2021, along with seven other entities, for their alleged involvement in facilitating ransomware payments. OFAC designated Tornado Cash as a &#8220;Specially Designated National&#8221; (SDN), meaning that U.S. persons are generally prohibited from engaging in transactions with or providing services to the protocol. The sanctions on Tornado Cash were imposed under Executive Order 13694, which targets the malicious cyber activities of individuals and entities.

As reported by <a href="https://bitcoinist.com/coin-center-lawsuit-ofac-over-tornado-cash-sanction/" target="_blank" rel="noopener">Bitcoinist</a>, Crypto think tank Coin Center has been one of the most vocal critics of the U.S. Treasury&#8217;s decision to impose sanctions on Tornado Cash. Coin Center argued that the sanctions on Tornado Cash were misguided and could have far-reaching consequences for the crypto industry.
Furthermore, Coin Center highlighted that Tornado Cash is an open-source protocol that allows users to mix Ethereum transactions to protect their privacy. While the platform could be used for illicit purposes, Coin Center argued that the same could be said for many other technologies, including cash and the internet.
Following the same line, cryptocurrency exchange Coinbase <a href="https://bitcoinist.com/coinbase-wants-the-us-to-unban-tornado-cash/" target="_blank" rel="noopener">backed</a> a group of plaintiffs who wanted sanctions imposed by the U.S. government against Tornado Cash to be removed. The plaintiffs, Joseph Van Loon, Tyler Al-meida, Alexandra Fisher, Preston Van Loon, Kevin Vitale, and Nate Welch, argue that the government cannot sanction Tornado Cash because it is &#8220;just software and, therefore, not a foreign national or person.&#8221;

The Blockchain Association and DeFi Education fund are leading nonprofit organizations dedicated to improving the policy environment for the digital asset economy and ensuring blockchain technology innovation can thrive. They work to educate policymakers, regulators, courts, and the public about the nature and benefits of blockchain technology and decentralized finance (DeFi).

The decision raises serious regulatory and constitutional questions that have wide-ranging effects on the blockchain ecosystem and the digital asset economy. This case could set a precedent for how governments regulate blockchain technology and decentralized finance, making it crucial for the court to consider the arguments presented in the brief fully.
<img decoding="async" class="size-large" src="https://www.tradingview.com/x/UKtzG7TP/" alt="Tornado Cash" width="1813" height="858" />
Featured image from Unsplash, chart from TradingView.com

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CFTC Moves To Reassess Risk Management – Could This Mean Big Changes For Crypto?

As the crypto industry continues to grow and mature, regulators are continuously taking steps to ensure that the industry is subject to appropriate oversight and regulation.  The Commodity Futures Trading Commission (CFTC) has <a href="https://www.cftc.gov/PressRoom/PressReleases/8710-23" target="_blank" rel="noopener nofollow">published </a>an advanced notice of proposed rulemaking (ANPRM) seeking public comment on potential amendments to the Risk Management Program (RMP) requirements in CFTC Regulations. 
These regulations are applicable to swap dealers and futures commission merchants and aim to ensure sound risk management in the derivatives markets.
The ANPRM seeks feedback on several areas of the RMP regulations, including governance and structure, the enumerated risks RMPs must monitor and manage, and the specific risk considerations RMPs must take into account. It also seeks comments on how the risk exposure report required under the RMP regulations could be improved or modified.

<h2>CFTC Commissioner Urges Regulatory Oversight For Crypto Investments</h2>
In a recent public <a href="https://www.cftc.gov/PressRoom/SpeechesTestimony/romerostatement060123" target="_blank" rel="noopener nofollow">statement</a>, CFTC Commissioner Christy Goldsmith Romero emphasized the need for regulatory oversight to address the risks associated with certain crypto investments. Romero cited the recent failure of Silvergate Bank as an example of the potential risks that these investments can pose.
Furthermore, the CFTC has highlighted “significant risks” associated with crypto assets. Silvergate Bank, which provided services to crypto firms, experienced an outflow of deposits from digital asset customers in the fourth quarter of 2022, resulting in a 68 percent loss in deposits from $11.9 billion to $3.8 billion. This rapid loss of deposits caused the bank to sell debt securities to cover deposit withdrawals, resulting in a net earnings loss of $1 billion.
For the US regulator, the collapse of Silvergate Bank demonstrates risks associated with crypto and has stated the need for effective risk management in the derivatives markets. The CFTC further claimed that as the crypto market continues to gain popularity and mainstream adoption, it is important for regulators to ensure that the risks associated with these assets are properly identified and managed.
The Commission intends to use the information and comments received to inform potential future agency action, such as rulemaking, with respect to the RMP Regulations. The recent bank failures have highlighted the importance of effective risk management, and the ANPRM seeks to ensure that the RMP regulations keep pace with evolving markets and emerging risks.
Crypto Companies To Balance Privacy And Security
CFTC Commissioner Romero <a href="https://www.reuters.com/technology/crypto-must-end-anonymity-illicit-finance-us-regulator-says-2023-04-25/" target="_blank" rel="noopener nofollow">spoke </a>at a financial services conference in London in April and emphasized the need for improved identification capabilities in the crypto industry to combat illicit finance risks. However, she also highlighted the importance of financial privacy for customers and suggested that it is possible for crypto companies to provide this privacy without relying on anonymity-enhancing technology.
According to Romero, financial privacy can be ensured by verifying the customer&#8217;s identity through know-your-customer (KYC), anti-money laundering (AML), and countering the financing of terrorism (CFT) measures, without relying on anonymity-enhancing technology. This approach is commonly used in traditional finance (TradFi) and can be applied to the crypto industry as well.
The integration of traditional finance systems into decentralized systems is crucial to address this issue. By incorporating effective AML/KYC measures, crypto companies can uphold financial privacy while also complying with regulatory requirements and mitigating illicit finance risks.

Overall, the CFTC&#8217;s reassessment of its risk management frameworks highlights the importance of effective risk management in the derivatives markets. The impact of the CFTC&#8217;s reassessment on the crypto industry remains to be seen.
<img decoding="async" class="size-large" src="https://www.tradingview.com/x/NaYpupZs/" alt="Crypto" width="1813" height="858" />
Featured image from iStock, chart from TradingView.com

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Kenya: A CBDC Is Not Our Immediate Priority

The Central Bank of Kenya (CBK) is open to the idea of a central bank digital currency (CBDC). Even so, considering the fading allure of CBDCs globally and the availability of alternative payment solutions in the East African nation, the central bank has, in a <a class="editor-rtfLink" href="https://www.centralbank.go.ke/uploads/press_releases/103592893_Press%20Release%20-%20Issuance%20of%20Discussion%20Paper%20on%20Central%20Bank%20Digital%20Currency%20-%20Comments%20from%20the%20Public.pdf" target="_blank" rel="noopener nofollow">press release</a> on June 2, said implementing a digitized version of the Kenyan Shilling is not their immediate priority.
<h2>Kenya: CBDCs Have Its Benefits But Is Not Our Priority</h2>
Kenya is open to using blockchain technology and has even explored the potential of a Central Bank Digital Currency (CBDC). In February 2022, the CBK asked for public input on implementing a CBDC in Kenya.
The paper, <a class="editor-rtfLink" href="https://www.centralbank.go.ke/uploads/discussion_papers/CentralBankDigitalCurrency.pdf" target="_blank" rel="noopener nofollow">Discussion Paper on Central Bank Digital Currency</a>, wanted to extract views from the public which could then be used to inform policy and the degree of public acceptance of the innovation. 

After 16 months, the CBK reported that feedback highlighted the benefits the CBDC could offer. These include reduced transaction costs, increased transparency, and improved efficiency.
However, while there were positives, the CBDC in Kenya would likely cause the disintermediation of banks, lead to financial exclusion, and there were high implementation costs. 
Besides, there were risks of cyber-attacks on the issuing entity, considering the CBDC will exist digitally and be issued via a public or private network. CBDCs differ from privately issued crypto assets like Bitcoin or Ethereum.

<a href="https://www.tradingview.com/x/L1kibAeh/" rel="nofollow noopener" target="_blank"><img decoding="async" class="size-medium" src="https://www.tradingview.com/x/L1kibAeh/" alt="Bitcoin Price On June 2| Source: BTCUSDT On Binance, TradingView" width="1225" height="595" /></a>
The central bank also acknowledged that research was being done by other financial institutions, the Bank of International Settlement (BIS), the International Monetary Fund (IMF), and other central banks. 
Moreover, they have been collaborating with other central banks that have already developed CBDC’s proofs-of-concept as they seek to benefit from their experience.
The CBK remained cautious, observing that the initial hype around CBDCs is fading, noting that the first banks to adopt them are facing challenges hampering implementation. 
Expanding broadly, the central bank noted that the instability in the global crypto markets has further worsened the situation.
<h2>Fixing Local Problems With Local Solutions?</h2>
Due to this history, the CBK has decided to halt the progression of CBDCs but will keep an eye on any advancements in the field.
Thus far, they explained, existing solutions offer alternative payment systems consistent with their overall objectives of providing a “secure, fast, efficient, and accessible” network that works for all Kenyans.
In 2021, the Central Bank of Nigeria (CBN) launched the eNaira, a digitized version of the Naira that the financial institution said was meant to complement but not replace cash. 

While issuing the eNaira, the CBN said the goal was to increase transparency and accountability while lowering the cost of doing business in the country. 
However, while eNaira modernized Nigeria’s payment landscape, there were concerns, like in all CBDCs, about security and privacy implications.

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Circle Announces Launch of Native USDC on Arbitrum Network, Aims for Faster Transactions

Circle, the developer of the USDC stablecoin, is set to introduce a native version of its token on the Arbitrum network. The move aims to enhance transaction speeds and improve interoperability within the blockchain ecosystem. Circle has scheduled the launch of the new native version of USD Coin for June 8. 
<h2>Transitioning to a Native USDC on Arbitrum</h2>
In an official <a href="https://arbitrumfoundation.medium.com/usdc-to-come-natively-to-arbitrum-f751a30e3d83" rel="nofollow noopener" target="_blank">blog post</a>, Circle outlined its plan to replace the existing version of USD Coin, which is currently an Ethereum-based token bridged to Arbitrum.

The new native token will operate directly on the Arbitrum network and will become the official version of USDC within the Arbitrum ecosystem. This transition will eventually phase out the bridged version of USDC originating from Ethereum.
Circle&#8217;s adoption of the Arbitrum network aims to expedite transactions through the utilization of cross-chain transfer protocols (CCTPs). These protocols facilitate the transfer of assets between blockchains and promote liquidity unification. By enabling USDC to move natively to and from Ethereum and other supported chains, Circle <a href="https://twitter.com/circle/status/1664256944469602304?s=20" rel="nofollow noopener" target="_blank">anticipates</a> faster transfer times, eliminating withdrawal delays.
<img decoding="async" loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/x/u5dmczz0/" alt="Circle (USDC) market cap chart from TradingView.com" width="2882" height="1724" />

<h2>Stablecoin Market Trends and Circle&#8217;s Strategy</h2>
The decision to launch a native version of USDC on Arbitrum comes amidst a challenging market environment for stablecoins. Many companies operating in the space have experienced market share decline over the past year, and Circle is no exception. CoinGecko data reveals a decrease in USDC&#8217;s market capitalization from $55 billion to $29 billion over the specified period.
However, one notable exception to this trend is Tether (USDT), whose market share has actually grown, and its USDT stablecoin has reached a market capitalization of over $83 billion. 

Circle&#8217;s move to introduce a native version of USDC on the Arbitrum network represents an effort to enhance transaction speeds and foster interoperability within the cryptocurrency ecosystem. By leveraging cross-chain transfer protocols, Circle aims to streamline the movement of USDC between Ethereum and other supported chains.
USDC is currently the second-largest stablecoin in the crypto market and the fifth-largest cryptocurrency. It currently sits at a market cap of $28.9 billion.
The stablecoin had lost its peg to the US Dollar back in May when it revealed it held around $3.3 billion in reserves in Silicon Valley Bank (SVB) which collapsed earlier in the year. However, it regained its peg shortly after and has maintained it ever since.
As the stablecoin market evolves, it remains to be seen how this strategic decision will impact Circle&#8217;s market position and the broader adoption of USDC.

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Bitcoin Mining Continues To Expand Despite Profitability Challenges

Hashrate Index<a href="https://data.hashrateindex.com/chart/bitcoin-hashprice-index" target="_blank" rel="noopener nofollow"> reported</a> a significant 44% drop in Bitcoin mining profitability, currently at $0.071 TH/s per day, over the past 12 months. Also, miners have seen an 82% decrease since the crypto market boom in late 2021.
But amidst this significant decline in profitability, a mining company, ClarkSpark, defies the trend by aggressively expanding its mining machine fleet this year. This shows that profitability issues are not holding back mining companies.

The firm <a href="https://www.cleanspark.com/blog/cleanspark-buys-12500-antminer-s19-xp-bitcoin-miners-for-40-5m/" target="_blank" rel="noopener nofollow">revealed</a> its latest move on June 1, purchasing 12,500 brand-new Antminer S19 XP units for a staggering $40.5 million. 
Notably, the deal was secured at a remarkable rate of $23 per terahash per second (TH/s), significantly lower than the present <a href="https://data.hashrateindex.com/asic-index-data" target="_blank" rel="noopener nofollow">average market</a> price.
<h2>Bitcoin Miner Purchase of 12,500 Antimer S19 XP Mining Machines</h2>
Based on the purchase agreement, the manufacturer is scheduled to ship 6,000 of the 12,500 machines in June, with the remaining 6,500 units set for shipping in August. These cutting-edge mining machines will be deployed across the company&#8217;s advanced facilities.

CleanSpark claims that the machine, Antimer S19 XP has a 21.5 joules per terahash power-efficiency rating and a Bitcoin mining compute power of 141 TH/S each.
According to the CEO of CleanSpark:
<blockquote>“This purchase ensures that we are prepared to meet and potentially exceed our year-end target of 16 EH/s.”</blockquote>
CEO Zach Bradford further stressed that acquiring these additional machines could replace its current fleet&#8217;s units consuming over 30 joules per terahash. 
The CleanSpark website shows 67,700 mining machines working and has mined 2,395 BTC within the last year.
Despite the downturn in the mining market, CleanSpark still made waves in February with the acquisition of 20,000 Antminer S19j Pro+ units. The firm still made another purchase of 45,000 S19 XP ASIC rigs to their mining fleet in April. 
These strategic purchases solidify their commitment to staying at the forefront of Bitcoin mining technology.
<h2>Bitcoin Miners Achieve New Milestones</h2>
In another recent development, <a href="https://www.prnewswire.com/news-releases/compass-mining-announces-ohio-site-with-arthur-mining-301838653.html" target="_blank" rel="noopener nofollow">Compass Mining</a> is expanding its operation by venturing into Ohio, a strategic move to further strengthen its presence in the mining sector.
Meanwhile, <a href="https://www.globenewswire.com/news-release/2023/06/01/2680168/0/en/Bitfarms-Mines-459-BTC-in-May.html" target="_blank" rel="noopener nofollow">Bitfarms announced</a> that it had mined 459 BTC in May, representing a production increase of 6.5% year-on-year.
<img decoding="async" class="wp-image-236949 size-large" src="https://bitcoinist.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-02_19-57-38-980x536.png" alt="BTC Mining Continues To Expand Despite Profitability Challenges" width="980" height="536" srcset="https://bitcoinist.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-02_19-57-38-980x536.png 980w, https://bitcoinist.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-02_19-57-38-640x350.png 640w, https://bitcoinist.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-02_19-57-38-768x420.png 768w, https://bitcoinist.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-02_19-57-38-750x410.png 750w, https://bitcoinist.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-02_19-57-38-1140x624.png 1140w, https://bitcoinist.com/wp-content/uploads/2023/06/BTCUSDT_2023-06-02_19-57-38.png 1530w" sizes="(max-width: 980px) 100vw, 980px" />
The company’s Chief miner posits that: “A 47% year-over-year increase in our hash rate was offset by a 65% increase in network difficulty in the same period.”
In addition, Ciphere Mining <a href="https://www.globenewswire.com/news-release/2023/06/01/2680824/0/en/Cipher-Mining-Announces-May-2023-Operational-Update.html" target="_blank" rel="noopener nofollow">announced</a> it had mined 493 BTC with a Hash Rate capacity of 6.0 EH/s in May 2023.
Also, Cipher <a href="https://www.globenewswire.com/news-release/2023/06/01/2680824/0/en/Cipher-Mining-Announces-May-2023-Operational-Update.html" target="_blank" rel="noopener nofollow">Mining concluded</a> the month of May with a daily mining potential of approximately 17.4 bitcoin, solidifying its position as a key player in the industry.
Featured image from Pixabay and chart from Tradingview.com

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CRUX Unveils a Thrilling Journey: Game Development, CEX Listing, and a Marketing Evolution

$CRUX, the new blockchain-powered gaming and financial platform, is proud to announce aims to revolutionize the crypto gaming industry and pave the way for exciting new milestones. They started to establish themselfs as a driving force in the gaming and blockchain space, building through bear market and with massive potential.
<img decoding="async" loading="lazy" src="https://media.igms.io/2023/05/02/1685719079363-d9a6aeb2-0df4-4b03-b8be-154f1d0855ee.jpg" style="width: 800px" class="fr-fic fr-dib" width="800" height="331">
At its core, CRUX offers a captivating gaming ecosystem that seamlessly integrates with its native token, CRUX (CRUX). They provide a play-to-earn (P2E) experience where players can unleash their skills, navigate challenges, and unlock real-world value. The immersive survival MMORPG game allows players to venture into a post-apocalyptic world, where they fight against relentless undead enemies and compete for survival in a resource-scarce environment all worth $CRUX that is tradeable for real value and money.
In addition to the game, CRUX offers a comprehensive financial platform that harnesses the power of artificial intelligence (AI) and machine learning technologies. Traders and investors can access real-time market analysis, social sentiment analysis, and on-chain data, enabling them to make well-informed decisions and capitalize on opportunities in the crypto market.
<img decoding="async" loading="lazy" src="https://media.igms.io/2023/05/02/1685719030295-1a29c3c5-f31f-44ce-b44c-327a0d22db18.jpg" style="width: 800px" class="fr-fic fr-dib" width="800" height="340">
Exciting new milestones lie ahead for CRUX, with a key focus on expanding its reach and creating more value for its community. One of the most highly anticipated milestones is the upcoming listing on a major centralized exchange (CEX), which will significantly enhance accessibility and liquidity for the CRUX token. The CEX listing will empower users to seamlessly trade CRUX on a trusted and established platform, further fueling the growth and adoption of the ecosystem.
Another critical area of development for CRUX is the continuous enhancement of its game. The team is dedicated to delivering engaging gameplay experiences, expanding the world, introducing new features, and fostering a vibrant community of players. By incorporating player feedback and leveraging cutting-edge technologies, CRUX aims to establish its game as a benchmark for immersive and rewarding gaming experiences in the crypto space.
CRUX recognizes the importance of strategic marketing initiatives to bolster its presence and drive user adoption. As the volume of CRUX transactions and the ecosystem&rsquo;s growth continue to surge, their smart contract allows them to gather even more funds for marketing due to a 4% fee on every transaction. On the tokenomics side, $CRUX has an 8% fee on every transaction, where 4% goes to marketing, 2% to liquidity, and 2% back to holders. These initiatives further strengthen the CRUX brand, attract new users, and expand its global community.
&ldquo;Our upcoming CEX listing, coupled with ongoing game development and targeted marketing initiatives, will solidify CRUX&rsquo;s position as a leader in the crypto gaming industry,&rdquo; says Rodrigo, CEO of CRUX.
CRUX remains steadfast in its long-term vision of building a dynamic and interconnected metaverse powered by blockchain technology. By creating a seamless and immersive gaming experience while providing real-world value through the CRUX token, the platform aims to revolutionize the gaming and financial industries.
Their demo version of the game is out already and available on CRUX website. Here&rsquo;s also a short gameplay of the alpha version:
<a href="https://www.youtube.com/watch?v=yKlM2DZaG1I" rel="nofollow noopener noreferrer" target="_blank">https://www.youtube.com/watch?v=yKlM2DZaG1I</a>
To stay updated on CRUX&rsquo;s latest news, milestones, and developments, visit the official website at<a href="http://www.cruxcryptos.com/" rel="nofollow noopener noreferrer" target="_blank"> www.cruxcryptos.com</a>. Join the vibrant CRUX community on Telegram at<a href="https://t.me/CRUX_CRYPTOS" rel="nofollow noopener noreferrer" target="_blank"> https://t.me/CRUX_CRYPTOS</a> for engaging discussions and insights.
<h2 dir="ltr">About CRUX</h2>
CRUX is a community-driven blockchain platform that combines gaming and finance to deliver a unique and rewarding experience. With its survival MMORPG game and advanced financial platform powered by AI and machine learning, CRUX is reshaping the crypto gaming industry. The CRUX token (CRUX) serves as the utility token within the ecosystem, facilitating in-game transactions, empowering the financial platform, and rewarding users. For more information, visit<a href="http://www.cruxcryptos.com/" rel="nofollow noopener noreferrer" target="_blank"> www.cruxcryptos.com</a>.

The post <a rel="nofollow" href="https://coinjournal.net/news/crux-unveils-a-thrilling-journey-game-development-cex-listing-and-a-marketing-evolution/">CRUX Unveils a Thrilling Journey: Game Development, CEX Listing, and a Marketing Evolution</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.

XRP Jumps 10% As Ripple Returns 900 Million Tokens To Escrow

XRP has resumed its bullish trend after Ripple locked 900 million tokens in escrow. This new development has triggered a rapid shift in the momentum of the cryptocurrency, which is now one of the best performers in the last week.
<h2 class="p2">Ripple Moves 900 Million Tokens Back To Escrow</h2>
On June 1, Ripple <a href="https://www.newsbtc.com/news/ripple/massive-token-unlock-ripple-releases-one-billion-xrp-from-escrow/" rel="nofollow noopener" target="_blank">carried out</a> one of its scheduled token unlocks of 1 billion XRP tokens. These unlocks are already set ahead of time to ensure that there is a controlled release of supply into the market, allowing investors to anticipate what was coming.

These tokens are brought into supply based on the demand and growth in the market, and sometimes not all of the tokens are utilized, which means the unused coins go back into escrow. This was the case this time around as only 10% of the entire 1 billion unlocked tokens were left in circulation.
On the same day, Ripple proceeded to lock a total of 900 million coins back in escrow across three transactions in less than 10 minutes. Each transaction was reported by the on-chain analytics platform Whale Alerts, which flagged the <a href="https://twitter.com/whale_alert/status/1664365850038509568?s=20" rel="nofollow noopener" target="_blank">first transaction</a> carrying 200 million tokens worth around $101.7 million.
<img decoding="async" loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/x/xW2DWWrd/" alt="Ripple (XRP) price chart from TradingView.com" width="2882" height="1724" />

The next two transactions carried <a href="https://twitter.com/whale_alert/status/1664367228999925771?s=20" rel="nofollow noopener" target="_blank">300 million</a> and <a href="https://twitter.com/whale_alert/status/1664367672484679681?s=20" rel="nofollow noopener" target="_blank">400 million tokens</a> each, worth $152.7 million and $204.18 million, respectively, in the Ripple Escrow wallet. This meant that only 100 million new XRP tokens were left in circulation worth approximately $51 million.
<h2 class="p2">Can XRP Sustain The Bullish Momentum?</h2>
The price of XRP is currently up 2% in the last day but is seeing more upside on the weekly chart. Its 11% surge over the last seven days brought its price above $0.52 on Friday, although it has started to trend downward since then.

Nevertheless, the digital asset is now trading above its 50-day and 100-day moving averages. Both of these levels suggest that bulls are still very much in control of the digital asset and as such, there could be a continuation of the bull rally, at least in the short term.
If the bulls are able to maintain this level through the weekend, then XRP could see another run-up to retest the $0.55 resistance. Clearing this level would put the next possible resistance at $0.6, securing good profits for investors before the bears find their footing.
At the time of writing, XRP is changing hands at a price of $0.5157.