Month: February 2023

Drake’s $400K Bet: Jake Paul Loses to Tommy Fury

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• Jake Paul and Tommy Fury faced off in a boxing match on Sunday night, with Fury emerging the victor via split decision.
• Drake, a Canadian rapper and longtime Paul fan, had reportedly wagered $400,000 in Bitcoin on his hero’s success in the ring, leaving him with nothing but regret when Paul was defeated.
• Despite the loss, Drake displayed his wager proudly on Instagram, with Paul jokingly blaming him for the defeat.

The Highly-Anticipated Boxing Match

In a stunning turn of events, the highly-anticipated boxing match between Jake Paul and Tommy Fury on Sunday night ended in a split decision, with Fury emerging as the victor over the once-mighty Paul. The fight, held in Diriyah, Saudi Arabia, went down to the wire as Fury won via split decision (74-75, 76-73, 76-73), despite Paul knocking Fury down in the eighth round.

Drake’s $400K Bitcoin Bet

Drake – Canadian rapper and longtime Paul fan – had reportedly wagered a staggering $400,000 in Bitcoin (roughly 17 BTC) on his hero’s success in the ring. With Paul’s defeat came a bitter truth: his loss had cost one of his biggest supporters a fortune. On Instagram however Drake proudly displayed his wager which he had made on cryptocurrency betting platform Stake – showing that should have won $1.44 million in bitcoin if he would’ve been victorious.

Jake Paul Jokingly Blames Drake

Paul jokingly blamed Drake for his loss to Tommy Fury saying “F***! This is all Drake’s fault!” He then added “Drake bro why did you do this to me? No it’s my fault… Sorry drake I’ll get that win in rematch.”

Drake’s Previous Wagers

Drake is notorious for making public his predictions for major athletic events before each one he wagers on. Back November he put down $2 million dollars on Israel Adesanya to win UFC 281 vs Alex Pereira only to have Alex Knock out Israel Adesanya costing drake 2 million Canadian dollar .On February 14th 2021 , he earned 1.26 million dollars after Kansas City Chiefs defeating Philadelphia Eagles In Super Bowl LVII . Other major losses include 275 thousand dollars betted On Jorge Masvidal’s fight and 234 thousand dollars lost after Charles Leclerc failed To win Spanish Grand Prix .

“The Drake Curse”

This phenomenon has been termed ‘The Drake Curse’ by fans who believe that anyone who gets associated with him sees their fortunes drop drastically soon afterwards – whether it be sports teams or individuals like Jake Paul losing fights they were expected to win easily..

Japan to Launch CBDC Pilot in April 2023: Cautious Approach to Digital Currency

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• Japan is set to begin piloting its central bank digital currency (CBDC) in April 2023.
• The Bank of Japan is designing the CBDC based on Sweden’s e-krona model, and will conduct parallel transactions with private businesses as part of the testing phase.
• China has already conducted pilots for its digital yuan across several states.

Japan Begins CBDC Pilot in April 2023

The Central Bank of Japan has announced that it will begin piloting its central bank digital currency (CBDC) in April 2023. The design is being modeled after Sweden’s e-krona, which underwent various testing phases to ensure compatibility with the country’s financial system and cross-border payments.

China’s More Aggressive Approach to E-CNY

China has taken a more aggressive approach to its own CBDC, known as e-CNY, with promotional campaigns being conducted across local governments and issuing rewards for citizens who use the currency.

Bank of Japan Taking Cautious Approach

The Bank of Japan has stated that they are taking a cautious approach to their own CBDC development, so as to roll out a product that is compatible with the domestic monetary system. They have noted that they do not wish to follow China’s steps in this regard.

Testing Phase Aimed at Mass Adoption

The testing phase will involve transactions with private businesses in order to better understand customer preferences and usage patterns when it comes to using a digital currency. This data can then be used by the central bank to improve their design and create a product which can be widely adopted by Japanese citizens.

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Bitcoin Spurs US Investor Interest: Coinbase Premium Index Surges

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• The Coinbase Premium Index is used to measure the difference between Bitcoin prices listed on Coinbase Pro (USD pair) and Binance (USDT pair).
• When the Coinbase Premium Index has a positive value, it suggests that US investors are buying more than global investors.
• The 30-day SMA of the Coinbase Premium Index has seen a rapid surge in recent days, indicating increased buying pressure from US investors.

What Is The Coinbase Premium Index?

The Coinbase Premium Index is an indicator that measures the difference between the Bitcoin price listed on Coinbase Pro (USD pair) and that listed on Binance (USDT pair). This index can provide clues about how current buying behavior of American investors differs from that of Binance’s userbase, which is more globally oriented. When this index has a positive value, it indicates that US investors are putting more buying pressure in the market than global holders, while when it has a negative value this suggests higher selling pressure from American investors.

What Does A Positive Value Of The Index Indicate?

A positive value of the index implies that American buyers are willing to pay higher for Bitcoin than global holders at any given time. This could mean that US-based buyers have greater confidence in their investments compared to those outside America.

Recent Trend Of The 30-Day SMA

The 30-day simple moving average (SMA) of the Bitcoin Coinbase premium index has seen a sharp rise recently, suggesting increased buying pressure coming from US buyers. This trend was preceded by a downturn where the index had dipped into negative values when Bitcoin saw its price dip below $22,000 few days back – signifying higher selling pressure from American investors at this time period.

Implications For Price Movement

This sudden spike in demand from U.S.-based buyers may indicate an increase in volatility for Bitcoin in near future as per analyst reports analyzed by CryptoQuant post . As such, traders should be aware of potential changes in price movements due to such swings in buyer sentiment among different geographic regions.

Takeaway

The 30-day SMA Bitcoin Coinbase premium index provides insights into current buying behavior among U.S.-based buyers compared to other regions around the world – with rising values indicating greater demand for BTC within America as opposed to other parts of globe right now. Such changes can also potentially influence future price movements and traders should be mindful of any shifts taking place due to regional differences in buyer sentiment towards cryptocurrency investments.

Shiba Inu, Cardano & Hex: Whales Activating – Volatility Ahead?

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• Recent on-chain data shows Shiba Inu whale activity has been high, which could lead to increased volatility in the meme coin’s price.
• Cardano (ADA) and Hex (HEX) have also seen high whale activity recently according to data from the on-chain analytics firm Santiment.
• When whales are making a large number of transfers, it can signal that volatility may be imminent for the coin in question.

High Whale Activity for SHIB, ADA, and HEX

Recent on-chain data shows that Shiba Inu whales have been active in trading the asset lately. According to data from the on-chain analytics firm Santiment, not just SHIB, but Cardano (ADA) and Hex (HEX) have also seen high whale activity in the last few days.

What Does This Mean?

The relevant indicator here is the “whale transaction count,” which measures the total number of transfers taking place on the network that involve a movement of coins worth at least $100,000. When this metric is high for any cryptocurrency, it means whales of that particular coin are making a large number of transfers right now. Such a trend shows these humongous holders have an active interest in trading the asset currently. Since these transactions are typically quite large in scale, enough of them together may cause visible ripples on the market. Because of this, a high whale transaction count can signal that volatility may be imminent for the coin in question.

Recent High Values

The value of this metric seems to have been high for all these assets recently according to a chart from Santiment’s Twitter page: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!. The Shiba Inu whale transaction count has shot up recently and has hit its highest value since January 17th while Cardano and Hex seem to have registered their highest values since May 11th and November 6th respectively. This suggests that whales have been quite active with these particular altcoins as well as SHIB lately.

Volatility Ahead?

Since all three assets are observing such an elevation right now it’s possible they may see large price moves soon due to increased activity from their respective whales. Markets with elevated activity from these humongous holders usually go on to observe significant volatility afterwards so traders should keep an eye out for potential price swings ahead if they’re looking at investing or trading with any one of these cryptocurrencies soon..

Conclusion

High whale activity could be signaling an increase in upcoming volatility for Shiba Inu (SHIB), Cardano (ADA) and Hex (HEX). Traders should take note if they’re looking into investing or trading with any one of these cryptos soon as it might lead to significant price movements ahead due to increased activity from their respective whales