gm to everyone in the crypto world except scammers.
They’re NGMI.
LFG!
Markets
Here are today’s market moves:
Here's what you need to know:
Chingari is introducing 35 million Indians to Solana
TikTok was banned by the Indian Government in 2020, over national privacy issues (or more like Wuhan leaked the coronavirus so let’s get back at China and ban all Chinese apps).
Chingari, now known as the 'Indian TikTok', has over 100 million downloads and is introducing an in-app wallet that uses the $GARI token on the Solana blockchain. This token will be used by users to ‘tip’ and ‘boost’ their favourite influencers and other content on the Chingari app.
Let me tell you why this could be huge.
According to Triple-A, India has more cryptocurrency holders than any other country, i.e., more than 100 million. Yes, in India, more than 100 million people owns cryptocurrency.
Back in 2020, Indians were famously known for downvoting TikTok to 1.3 stars on the App Store and the Play Store (talk about team effort).
Now they have a TikTok replica that has 35 million+ monthly active users. To make things better, you give them an in-house crypto token to get rewarded for doing dance moves and that can be publicly traded on a blockchain with super low fees.
Last week, the $GARI token was listed on FTX, Kucoin, Huobi, Gate.io, OKEx, and MEXC Global. Shockingly, just 24 hours after the launch, $GARI trade volumes surpassed $100 million.
Not investment advice. DYOR.
Crypto whale moves $1.9 billion in Bitcoin for just $3.6 fees
Blockchain explorer Blockstream reveals that a massive Bitcoin whale shifted 44,979 BTC worth $1.9 billion to two wallets of unknown origins.
One wallet collected 44,612 BTC worth $1.88 billion and immediately became the 14th-largest Bitcoin address, according to BitInfoCharts. A second wallet, which has a long history of Bitcoin transactions, received the rest of the BTC.
Prior to the transfer, the wallet in question was the 12th-wealthiest Bitcoin address.
Imagine the fees you’d have to pay to transfer that much using a bank 👀
Coinbase plans to hire 2K employee this year
Looking for a job change?
Say no more.
In a blog post, Coinbase said it sees "enormous product opportunities ahead for the future of Web 3." and has explained their hiring process and what they see in their candidates.
Canada is so hot with crypto right now
So recently a group of Canadian truckers who were protesting were funded by the public with Bitcoin. The Canadian government did not like this, and it has threatened to enforce emergency powers against anyone involved in the convoy. It has given banks the power to freeze accounts at will, without any legal oversight.
Frens, this is a good time to realise that you should not keep your cryptocurrency in exchanges and transfer them to decentralized wallets.
Centralized is still centralized no matter how quick, cheap or nice your exchange is to deal with. When the man comes around you'll find its's definitely not your crypto.
Not your keys, not your crypto!
Check this out
We don’t show much love to XRP over here and thought today I’d change that.
A Twitter account that notifies you about free XRP Airdrops that you can take part in to get some free tokens.
This is very very risky, frens. Not investment advice. DYOR.
Did you hear?
Steve Aoki says he’s made more money with NFTs than from 10 years of making music.
South Korea’s $200 billion sovereign wealth fund is betting hard on the metaverse and web3.
Crypto lingo of the day
Paper Hands:
People who sell at the first sign of danger. They are considered to be weak and unattractive. The opposite of Paper hands is Diamond hands.
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