Cardano nears $2, Nano jumps 125% in firm shrug to Bitcoin bears and Elon Musk

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CryptoTycoon will launch its IDO from May 20th to 25th

On May 15th, according to official news, the DeFi light game platform CryptoTycoon based on Binance Smart Chain (BSC) will launch its IDO, IFO, INO, IIO on JulSwap, Bondly, BurgerSwap, DODO, MantraDAO and Helmet from May 20th to 25th.

Among these platforms, JulSwap and DODO will be carried out in the form of IDO, BurgerSwap will be carried out in the form of IFO, Bondly will have CTT options exchange through the sale of NFT, Helmet will be carried out in the form of IIO, and MantraDAO will be carried out through Zendit LaunchPad.

According to the official data, 4% of CryptoTycoon’s total supply CTT will be released through decentralized exchanges(IDO) and centralized exchange(IEO), and the rest of early invested CTT tokens will be released to participants in the institutional fundraising round and community fundraising round, which will be unlocked fully in 2022 June. Therefore, the release from multiple launchpads is expected to be the main source of CTT circulation in the market for the next period of time.

Furthermore, the official also wants to remind users that due to the different schedules and rules/policies of each platform, the ways to participate and purchase hard cap for users will also be different. The exact launch time is scheduled from May 20th to 25th. Both CoinMarketcap and CryptoTycoon Medium have all showed detailed participation information with live updates.

In the meanwhile, there are similarly named CTT assets on BSC, so the official recommendation is that everyone trades through JulSwap, BurgerSwap, DODO and PancakeSwap after CTT is officially in circulation on 25th, in case users encounter fake/scam projects.

Game Changer: The Universal in-App Currency Made for Both Users and Developers

Global gaming revenues are booming, with mobile games surpassing 75 billion U.S. dollars in annual revenue, which accounted for 43 percent of the global gaming market in 2020 (Source: Statista). While purchasing the game used to be the main monetization method of games, today, the reality is much different. Subscription services, paid downloads of additional content, microtransactions, mystery boxes containing in-game items and cosmetics are the main source of income for developers today.

Not less astonishing is the development of the mobile app market. In 2020, global mobile app revenues amounted to over 581 billion U.S. dollars (Source: Statista). This is a tremendous 6 fold increase from the year 2014 – merely 6 years ago. It is projected that apps will close on 1 trillion U.S. dollars in revenues via paid downloads and in-app advertising until 2025. Such unprecedented growth marks a clear trend – the future is mobile.

Still, the industry is not without its flaws. A new blockchain project has decided to tackle these and combine the novel technology with one of the most rapidly expanding industries to become a trendsetter.

Meet Game Changer

Game Changer is a universal blockchain currency that can be used for cross in-app purchases. The project simplifies microtransactions, adds a much higher degree of flexibility in spending virtual currencies, facilitates the creation and transfer of NFTs and enables a wide array of additional monetization methods for both app users and app developers. The Game Changer project is one comprehensive ecosystem, which acts as an app store with multiple additional functionalities. App creators can exchange feedback with consumers more efficiently, which is particularly important in the context of games, where the community plays the most defining role whether a game becomes successful or not. With Game Changer, developers are able to create better products that fit the exact needs of players, which encourages higher spending through higher satisfaction.

Use cases of Game Changer

Universal cross-compatible currency

A universal currency that is not reserved for use just within one specific mobile app or a game and can be transferred from one user to another, including cashed in for real money, means that users have a much wider scope of options in terms of how they decide to use their funds. There are many positive effects of such a scenario that result in a win-win situation for all stakeholder groups involved.

First, through higher incentives to spend for in-app currency that they can easily cash back, app users and gamers are more inclined to deposit higher amounts, knowing that their funds are not irreversibly tied to the app they deposited them in. The availability of more funds is correlated with higher spending, which is in favor of the creators.

For app developers, this means that the competition shifts to the fundamentals – namely, the end product itself and the value it brings to the user. What is more, they do not have to spend money on marketing anymore – the interests of Game Changer, the users and the creators are fully aligned, which means that the ecosystem itself takes over the popularisation of the products it is offering. Lower marketing costs mean that more resources can be dedicated to creating a quality product. The Game Changer ecosystem will combine both in-house developed apps as well as products from third-party developers who meet the quality standards, much like the conditions on the App Store and Google Play, but with a much more generous and transparent fee structure.

Second, the door to many further monetization methods becomes wide open. Players can earn real money while they are playing their favorite games or using apps they love. For example, in-app rewards can now be traded with other users or converted straight to real currency due to the transactional value they have.

Non-fungible tokens

NFTs (non-fungible tokens) have become a new hot trend in the last months, with some tokens already being sold for millions of dollars. For those who are not familiar with the concept, NFTs are used to assign a monetary value to a digital asset. The Game Changer token enables the same concept – it can be used for the purchase and transfer of digital assets inside the ecosystem from one user to another, much like in an independent marketplace without any intermediaries. An example of this would be a scenario where a well-known streamer has acquired a certain in-game item, let’s say a skin, which they can then make branded and then sell it to any other user for GC tokens. These tokens can then be exchanged for real money, giving players an additional way of monetization.

Game Changer position themselves for the win

The Game Changer project has already started the development of their first games. The German company has partnered up with an app development studio and the first prototype – an RPG adventure mobile game – has already been created. Many further apps are already in the making and others are planned to be released immediately when the ecosystem launches. At a later stage, the project is planning to introduce a blockchain-based social media network powered by the GC token.

To learn more about Game Changer, their blockchain initiative and ongoing funding round with special bonuses for early adopters, visit

DeFi Is About to Undergo a Radical Transformation

Though decentralized finance is one of the dominant uses for blockchain technology today, it can be easy to forget that the industry is still in its very earliest stages of development. After all, just three years ago, automated market makers (AMMs), yield farms, algorithmic stablecoins, and more, were essentially non-existent.

But now, thanks to the advent of a wide array of new technologies, the DeFi ecosystem is remarkably well developed. But there’s still a great deal of work to be done in several key areas, including:

Interoperability Is Coming Into Focus

If there is one challenge that stands above all else in the DeFi arena, then many would agree that it’s interoperability. This is essentially the issue of getting different blockchains to communicate with one another, usually for the purposes of securely transferring data or value from one blockchain to another.

Solving this issue is of paramount importance if we ever want to have truly interoperable, chain-agnostic decentralized applications (dApps) that can leverage the unique capabilities of multiple blockchains.

Fortunately, there are more than a handful of solutions being built to tackle this very challenge — Wanchain being one of the more successful examples. Wanchain achieves interoperability by connecting a multitude of different blockchains together — including Bitcoin, Ethereum, EOS, and Binance Smart Chain — using collateralized bridges that enable users to securely move assets from one chain to another and back again at low cost.


Wanchain also leverages a unique type of node, known as Storeman validator nodes, to execute and validate cross-chain transactions, and ensure that the number of assets locked on the original chain are represented 1:1 with assets minted on the connected blockchain. This ensures perfect continuity between bridged chains.

With practically every major blockchain working on interoperability, whether that be through layer-2 options, bridges, sidechains, or otherwise, it’s just a matter of time before a breakthrough solution emerges.

Gas Fee Workarounds

Transactions fees have become a major challenge when interacting with DeFi apps in recent months — largely due to skyrocketing congestion on the Ethereum network, which has driven the average ERC-20 transaction fee to well over $50.

This has all but crippled a variety of DeFi use-cases, which are simply unaffordable in the current fee market, making DeFi games, decentralized trading, yield farming, and more, unsustainably expensive on Ethereum.

But this might not be the case for much longer, thanks to the myriad solutions that now in the works.

Among the simplest of these are simple batching techniques — including that used by Roseon — a yield aggregator that helps to optimize yield across multiple chains (and both CeFi and DeFi platforms). By batching user transactions into a single order, it helps to dramatically cut gas fees allowing users to continue netting profits from yield farms.

Yearn Finance offers a similar solution, allowing users to pool their funds together to participate in various yield-bearing products with reduced fees.

But transaction pooling isn’t the only way projects are working to bring the fees down. Other platforms get around the gas fee using second-layer technologies. This includes Celer, a platform that provides a second layer on top of the Ethereum mainnet that can process data off-chain before settling it on the Ethereum blockchain, keeping fees down to the absolute minimum.

The platform recently launched to apply this technology directly to the Ethereum DeFi ecosystem, helping to almost eliminate DeFi usage costs through its “DeFi public transportation” dApp.


JavaScript Smart Contracts Are Coming

Right now, if you want to create a smart contract, odds are you’re going to use either Solidity or Rust — two of the most popular smart contract programming languages today.

But there’s a problem with these —  it can take months or potentially years to get up to speed when starting from scratch and there’s simply not enough Solidity or Rust developers to meet the demands of the burgeoning dApp industry.

Nonetheless, given the rapid cadence of new DeFi protocols and expanding market interest, a more accessible coding language could help to not only keep up with demand, but also power a range of novel use-cases.

JavaScript is among the most promising contenders for this role. Not only is it extraordinarily versatile, but it’s also one of the simplest languages to learn and has extensive developer resources available, making it well-suited for smart contract development.

Currently, several projects are looking to make JavaScript smart contracts mainstream. Arguably the most prominent of these is Agoric, a Proof-of-Stake (POS)-based smart contract platform that supports a highly secure variant of JavaScript known as Secure ECMAScript (SES) and provides a range of prebuilt composable DeFi modules to help expedite the development process.


With JavaScript smart contracts, DeFi’s current developer crunch could be easily resolved, helping the industry grow organically through ever-more creative applications.


Bear Phase Fractal Warns Of Pain, Bitcoin Bull Market To Remain Unbroken

The rug was just pulled across crypto, wiping out gains from the past week and then some. Bitcoin is now back at prices from March, and is at risk of falling deeper into a bear phase according to a fractal found in the recent price action.

What’s notable, is that the same fractal suggests that the bull market isn’t yet over, despite the change to a bear trend for the time being. Here’s what the trajectory of Bitcoin could look like based on Elliott Wave Theory, the LMACD, and the recent reversal across crypto.

Bitcoin Price Plummets Back Below $50,000, Matches Breakdown From 2019

A fractal is a repeating pattern that is found all throughout nature, or in this case, finance. On the price charts of coins, stocks, commodities and more, patterns can repeat again and again in a similar manner.

Related Reading | Broken Parabola: Mapping Out The Bitcoin Bull Market And More

Each pattern can even result in similar price action upon completion. For example, Black Thursday matched the second plunge of the 2014-2015 bear market bottom.

bitcoin bear market fractal bull

Is this fractal from 2019 repeating once again? | Source: BTCUSD on

The recent price action in Bitcoin, almost perfectly matches the first major correction since the bull market began – back in June 2019. Both times the logarithmic MACD crossed bearish, and the candle structure on high timeframes is strikingly similar.

What Elliott Wave Theory And Momentum Indicators Say About The Bull Market

If the fractal is accurate and produces similar results, Bitcoin could spend the next six months or so in a downtrend. The bear phase could reach a similar scope and severity as the 2019 peak, considering that the recent price parabola has been broken.

A bear phase is more than likely to now follow, but that doesn’t necessarily mean the bull market is over.

bitcoin bear market fractal bull 2

Elliott waves could provide clues to this market cycle's conclusion | Source: BTCUSD on

For those unfamiliar with Elliott Wave Theory, the study focuses on market impulses based on extreme changes in sentiment.

Within each major “motive wave” are typically five impulse waves. If the primary wave is up, and Bitcoin has been in “always up” territory  since its inception, then odd numbers waves are also up, with even waves moving against the primary trend.

Related Reading | Double Bottom On The Dollar Could Be The End Of Bitcoin Rally

Early 2019 would have acted as wave one of five, with the downtrend of wave two concluding on Black Thursday. That bounce began wave three, in which according to Elliott Wave characteristics, is “undeniable.”

Wave four is a bit more tricky. It can sure feel like the top is in, but if wave three just ended, Bitcoin bulls’ best hope is that wave four is next.

Wave four according to the practice, won’t ever retrace back into wave one’s path. This means that Bitcoin price will never again go below $13,800.

If it does, it could suggest a failure, and the top cryptocurrency could be in serious trouble.

Featured image from iStockPhotos, Charts from

Elon Musk Doubles Down On Bitcoin Energy Concerns

Elon Musk was once synonymous with Bitcoin price increase as each time his company’s involvement with crypto was made public, coins pumped. But a single tweet from the Tesla CEO sent crypto prices tumbling yesterday in an instant.

His reverse stance might have caused a reversal in the cryptocurrency market trend which could be damaging the the current bull cycle. And now, he’s doubling down his energy concerns on social media, making sure the world knows his sudden change of stance.

Elon Musk Cites Energy Concerns, Shows Charts To Defend Decision

Regardless of what crypto Twitter is saying about the man right now, Elon Musk is a brilliant genius responsible for some of the most innovative businesses in the world today.

He is the frontman of both Space X and Tesla, and spiritually he’s also the self-proclaimed “Dogefather” representing a community of crypto holders – a community that’s loved the eccentric figure up until now.

Related Reading | Tesla Halts Bitcoin Payments Over Environmental Concerns, Sending the Cryptocurrency to Session Lows 

Musk made enemies with the crypto community in a flash when he revealed that Tesla would cease accepting BTC for payments for the line of EV automobiles. It was less than two months ago when the same company revealed it would be accepting the top cryptocurrency as payment.

Efforts to change Musk’s mind extended across all kinds of influencers, but instead he’s now doubled down against Bitcoin’s energy woes in another follow-up tweet.

elon musk bitcoin tweet

Musk's first tweet sent crypto tumbling | Source: BTCUSD on

The Real Reason The Tesla CEO Suddenly Blasted Bitcoin

Musk also included a chart outlining the wild increase in Bitcoin energy consumption as of late, which he uses to back up his case as to why Tesla has stopped accepting BTC. Interestingly, Elon Musk has chosen to also double down on the company’s commitment to holding BTC, which would appear to be counter to the commerce strategy.

The bizarre situation also just so happened to coincide with the company attempting to enter the billion-dollar renewable credit market, which would allow the company to profit from Biden’s aggressive zero-emissions goals. The goals also include limiting the red meat intake of Americans.

Related Reading | SEC Warns Investors Of “Highly Speculative” Bitcoin Risk 

Essentially, Bitcoin was making the business look bad due to energy consumption, and Musk and his executives didn’t want the cryptocurrency’s dark side harming any strategic corporate plans.

The company clearly has a strategy, as it began holding BTC in the first place. They’re also not dumping their coins, which they just themselves hurt the value of. The entire situation, while confusing on the surface, is likely a move by Musk to manage things effectively, while also having fun with markets at the expense of the rest of the world.

Bitcoin is also not as bad for the environment as Musk is making it seem, with much of mining coming from renewable energy sources. But that’s not the real reason for the comments anyway.

Featured image from iStockPhotos, Charts from

Buy the Dip: Microstrategy Grabs $15 Million More Bitcoin — Now Holds 91,850 BTC in Treasury

Buy the Dip: Microstrategy Grabs $15 Million More Bitcoin — Now Holds 91,850 BTC in Treasury

Nasdaq-listed Microstrategy has bought the dip and purchased $15 million more bitcoins, taking advantage of the falling price for the cryptocurrency after Tesla CEO Elon Musk revealed that his company has suspended accepting bitcoin for payment. Microstrategy now holds about 91,850 bitcoins.

  • Microstrategy announced Thursday that it has purchased $15 million more in bitcoin. CEO Michael Saylor tweeted:

Microstrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per bitcoin.

  • In the company’s filing with the U.S. Securities and Exchange Commission (SEC), Microstrategy declared that as of May 13, the company holds about 91,850 bitcoins that it acquired for approximately $2.241 billion at an average price of about 24,403 per bitcoin.
  • The price of bitcoin is currently $50,250 based on data from It plummeted Wednesday evening to a low of $45,700 but regained some of the losses after Elon Musk announced that Tesla has suspended accepting bitcoin payments.

What do you think about Microstrategy loading up more bitcoin? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Bitcoin is durable, says BlackRock’s Rick Rieder

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FNTX, 355 Developments Now Accepting Dogecoin (DOGE) for Property Purchases

FNTX, 355 Developments Now Accepting Dogecoin (DOGE) for Property Purchases

FNTX Capital Suisse and 355 Developments have joined forces to make it possible for hodlers of bitcoin (BTC), dogecoin (DOGE), and other cryptocurrencies to pay with crypto when they purchase luxury apartments in Portugal.

Dogecoin for Real Estate

In another exciting development for hodlers of popular meme crypto dogecoin (DOGE), Portuguese real estate firm, 355 Developments, is now accepting the digital currency as a payment option for its apartments, thanks to a partnership deal with FNTX, a Switzerland-based fintech company.

In addition to accepting Elon Musk’s dogecoin, the initiative will also support established cryptocurrencies like bitcoin (BTC), cardano (ADA), and ether (ETH), with the team making it clear that anyone interested in purchasing 355 Developments’ luxury apartments can do so directly from the FNTX Real Estate Exchange platform.

To kickstart the “crypto for real estate” initiative, the team has listed three luxury apartments for sale on the FNTX platform, including a two-bedroom apartment in Lisbon’s business hub (priced at 14.112 BTC), and a luxury duplex penthouse in the city centre (45.098 BTC or 5.6 million DOGE).

Crypto Payments Gaining Global Recognition 

Incorporated in August 2020, FNTX claims to leverage its years of experience in banking and payments, regulation & compliance, and the digital assets industry to offer its clients fully compliant cryptocurrency products and services.

Notably, the firm hopes its existing products will combine excellently well with the 355 Developments’ real estate offerings to streamline the industry and provide developers and investors with more investment options.

Commenting on the development, David Rabbi, Co-Founder of FNTX said:

“What ultimately takes place now will say a lot about the future of both the property business, the world’s largest asset class, and the blockchain ecosystem.”

Indeed, bitcoin and altcoins are increasingly gaining grounds in the real world as legit payment options, as hundreds of businesses around the globe now accept one cryptocurrency or the other and the trend will definitely continue way into the future.

As reported by BTCManager earlier in April 2021, United States-based real estate heavyweight, Caruso Properties integrated bitcoin (BTC) into its operations as a legitimate payment option for occupants of its properties, while also investing a portion of its balance sheet in the digital currency.

At press time, the bitcoin price is down by 11.52 percent in the past 24-hours, trading at $49,683, with a market cap of $929.17 billion, as seen on CoinMarketCap.

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Huobi Ventures Dedicates $100 Million to DeFi, Acquisitions

Huobi Ventures Dedicates $100 Million to DeFi, Acquisitions

Huobi Group’s new consolidated arm is ready to pour money into DeFi.

Huobi Group Bullish on DeFi

According to a Coindesk report published today, Huobi Group is set to commit $100 million into decentralized finance (DeFi) projects and mergers and acquisitions via its newly established consolidated investment arm.

For the uninitiated, Huobi Ventures is Huobi Group’s investment arm geared toward boosting the company’s investment portfolio and providing long-term support for robust blockchain projects.

The $100 million fund is the latest effort by Huobi aimed toward developing the DeFi ecosystem. Similarly, in April, layer-2 Ethereum scaling solution Polygon launched a $100 million fund to aid DeFi adoption. Similarly, crypto asset management company BlockTower Capital raised a $25 million fund in March this year.

The newly unveiled fund will not only be used to support early-stage blockchain startups over a three-year period but also be tapped to make strategic acquisitions to grow the firm’s product offerings. The statement shared with Coindesk reads in part:

“Acquisitions will be integrated into Huobi’s growing suite of blockchain-enabled applications and services to expand the business into new markets. The venture capital unit will make long-term investments in emerging blockchain use cases and DeFi projects,” the statement said.”

In addition to the $100 DeFi-focused fund, Huobi Group is also setting up a $10 million NFT fund geared toward investing in NFT collectibles and marketplaces, the company noted.

Consolidating the Different Investment Vehicles

Huobi Ventures is also said to be consolidating several of the company’s different investment vehicles such as Huobi Eco Fund, Huobi Capital, and Huobi DeFi Labs into one, single entity.

“We have had separate teams focus on different investment strategies, but by bringing everyone together under a single entity, we can create a more cohesive strategy and continue to invest in and support the most innovative projects that are shaping the blockchain and DeFi spaces,” said Lily Zhang, Huobi Group CFO.

In similar news, BTCManager reported in April that Huobi Asset Management had announced the launch of its bitcoin and ether private equity fund in addition to another fund that actively invests in a basket of digital assets.

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