rommel velasquez

Owner of Uncle Jimmy’s Ape Club

[rommel velasquez @fommel7]

The SuperVerse project is set to make an exciting announcement on January 30th. This Web3-focused initiative aims to revolutionize the digital space through advanced NFT functionality and blockchain gaming experiences. With a next-generation NFT marketplace called GigaMart and a social-gaming metaverse called Impostors, the SuperVerse offers a comprehensive ecosystem that aims to bridge the gap between Web2 and Web3 users. Powered by the ERC-20 token SUPER, the SuperVerse utilizes modern Web3 technology to create an engaging and inclusive environment, setting new standards in NFT marketplace technology and Web3 gaming. Stay tuned for more updates! #CryptoNews

[rommel velasquez @fommel7]

Star Atlas, an ambitious MMO game on the Solana blockchain, is organizing a DAC competition on February 29th. DACs (Guilds) will compete to demonstrate their unique qualities and prove their superiority. The event promises a showcase of cosmic science fiction elements encompassing strategy, exploration, and combat. With a grand prize of over $26,000 worth of Star Atlas land, the competition stakes are high. Leveraging the scalability and low fees of Solana, Star Atlas creates an immersive gaming experience that allows players to earn real money through tokenized actions. The game's in-game marketplace enables the trade of non-fungible tokens (NFTs) representing unique digital assets such as spaceships and land plots. With the ATLAS token as the in-game currency, Star Atlas offers players a dynamic and visually detailed metaverse. #CryptoNews

[rommel velasquez @fommel7]

The Securities and Exchange Commission (SEC) has taken action against the founders of the $1.7 billion HyperFund scheme, charging them with fraud and unregistered securities offering. Xue Lee and Brenda Chunga, also known as Sam Lee and Bitcoin Beautee, raised significant funds from investors worldwide by misleadingly promoting HyperFund as a profitable mining investment opportunity. However, the SEC revealed that it was, in fact, a pyramid scheme without any genuine revenue sources. As a result, the project collapsed in 2022, causing investors to lose their money. This case highlights the dangers of noncompliance in the crypto space, where fraudsters exploit the allure of quick profits without adhering to investor protection regulations established by federal securities laws. The SEC has filed a complaint in federal court, alleging that Lee and Chunga violated anti-fraud and registration provisions. Additionally, the U.S. Attorney's Office for the District of Maryland has pressed criminal charges against them. Chunga has already pleaded guilty to conspiracy to commit securities fraud and wire fraud, agreeing to settle the charges and pay disgorgement and civil penalties. These developments underscore the importance of conducting thorough due diligence and exercising caution when engaging with investment opportunities in the cryptocurrency industry.

[rommel velasquez @fommel7]

In February, Nym will be launching the alpha version of NymVPN, offering users enhanced privacy for their data through the use of NYM tokens. Users can use NYM tokens to access the mixnet and incentivize mix nodes to provide traffic mixing and privacy assurance. The fees collected in NYM tokens are then rewarded to mix nodes based on their performance and reputation, which can be quantified using NYM tokens. Additionally, users have the option to delegate their NYM tokens to mix nodes, validating their reputation and earning a share of the node's rewards. It's important to note that NYM is not a general-purpose payment mechanism or cryptocurrency, but rather designed specifically for activities within the Nym network.

[rommel velasquez @fommel7]

CoinShares reports that the recent decline in cryptocurrency prices may be due to significant outflows from the Grayscale Bitcoin Trust (GBTC), leading to outflows from digital asset investment products in Europe and Canada. The impact was particularly felt in Switzerland and Germany, with outflows of $59.8 million and $31.7 million respectively during the trading week of Jan. 22 to Jan. 26. Canadian digital asset products saw the largest outflows over the month, totaling $209.8 million, followed by products in Germany and Sweden with $124.5 million and $34.2 million respectively. However, there was a small inflow of $10.3 million into digital asset products from Brazil last week.

[rommel velasquez @fommel7]

On January 31st, Merit Circle will be hosting an Ask Me Anything (AMA) session regarding their latest project. Merit Circle DAO aims to revolutionize the gaming industry by combining innovative gaming ideas and state-of-the-art technology solutions through blockchain technology. With four main areas of focus - Merit Circle Investments, Merit Circle Gaming, Merit Circle Studios, and Sphere Marketplace - this web3 digital ecosystem aims to modernize and enhance the gaming experience. At the core of this ecosystem is the MC token, which not only allows holders to have a say in DAO decisions and participate in games, but also enables them to exchange NFTs and stake the token for additional voting rights and rewards. Stay tuned for the AMA to learn more about this exciting project!

[rommel velasquez @fommel7]

Polygon, previously known as Matic Network, is upgrading its zkEVM to a Type 2 ZK-EVM on February 6th. This upgrade will enable seamless deployment of code on the Polygon zkEVM, similar to Ethereum, without requiring any modifications. Developers can simply copy and paste their code. Right now, the Etrog upgrade is available for testing on Cardona, the new Sepolia-anchored testnet for Polygon zkEVM. Once the Etrog upgrade goes live on the mainnet, end users won't need to take any action to continue using Polygon zkEVM. Polygon aims to provide scalability improvements for decentralized applications by using a modified version of Plasma with sidechains. The MATIC token is used for payment services and settlement within the Polygon ecosystem. Its goal is to overcome limitations of traditional blockchain networks through innovative sidechain solutions, enhancing throughput, user experience, and community governance. Official tweet by MATIC. #CryptoNews

[rommel velasquez @fommel7]

Fidelity's Bitcoin ETF, FBTC, has attracted $208 million in inflows on Jan. 29, surpassing the outflows from Grayscale Bitcoin Trust (GBTC) for the first time since their launch. This counters the recent trend of GBTC outflows, which have decreased by nearly 25% from $255 million on Jan. 26. The significant drop in outflows suggests that investors might be cashing out of their previously underwater positions. Additionally, the nine new U.S. spot Bitcoin ETFs collectively reached a volume of $994.1 million, almost double that of GBTC, which saw $570 million in volume.

[rommel velasquez @fommel7]

Join the Hedera community call on January 31st at 17:00 UTC on Discord, where COSO Andrew Aitken will discuss the company's open source strategy. Also, Christian Hasker from Swirlds Labs and Solo Ceesay from Calaxy will be discussing Davos2024. Hedera HBAR is a decentralized public network that enables the creation of powerful dApps, using its native cryptocurrency HBAR. Hedera's hashgraph consensus technology sets it apart, combining the benefits of blockchain with enhanced speed, efficiency, and scalability, making it a compelling option for enterprise use cases. #CryptoNews

[rommel velasquez @fommel7]

Join us on January 31st at 16:00 UTC for API3's AMA on X, focusing on the exciting world of decentralized applications (dApps). Discover the potential of combining data, oracles, and decentralized finance (DeFi) during this informative session. API3 aims to revolutionize the outdated centralized API model with fully decentralized APIs, offering enhanced transparency, security, and reliability. Don't miss out on this opportunity to learn more about their innovative project and how the API3 token incentivizes active participation in their ecosystem. #CryptoNews

[rommel velasquez @fommel7]

The founders of cryptocurrency investment scheme HyperVerse have been charged by the SEC with crypto fraud following a $2 billion Ponzi scheme. The lawsuit alleges that Sam Lee and Brenda Chunga operated a pyramid and Ponzi scheme under different names, such as HyperFund and HyperTech, since 2020. The SEC claims that the founders hired an actor to pose as the CEO and used fake crypto mining operations to defraud investors. Instead of generating legitimate revenue, the founders allegedly used deposits from new victims to pay out withdrawals. Chunga allegedly spent millions of dollars on luxury purchases, while Lee transferred illicit funds to his wallet. The collapse of HyperVerse echoes other failed crypto investment scams. Lee and Chunga have been indicted and charged with conspiracy to commit wire fraud. The SEC is seeking the return of all ill-gotten gains, and Chunga has reportedly agreed to a settlement. Rodney Burton was also arrested for his involvement in the fraudulent schemes, allegedly funneling over $7.85 million into fraudulent HyperFund accounts. The charges indicate that unsuspecting investors were deceived into depositing money falsely marketed as fueling HyperTech's cryptocurrency ventures.

[rommel velasquez @fommel7]

Sui's token price has reached an all-time high, surpassing $1.58, and it is currently trading at around $1.5, showing a 13% increase in the last 24 hours. The total value locked (TVL) on Sui has seen a significant surge of 98% in just one month, growing from $208 million to $436 million. This tremendous growth has outperformed Coinbase's Base and Cardano in terms of TVL. Base experienced a 9.5% downturn to approximately $397 million, while Cardano witnessed a nearly 15% decline to $340 million during the same period. The surge in Sui's TVL can be attributed to the expansion of its ecosystem through strategic partnerships with industry giants such as Alibaba Cloud and Solend.

The collaboration between Sui and Alibaba Cloud aims to provide additional resources for developers utilizing the Move programming language. Furthermore, the expansion of Solend, a lending and borrowing platform on Solana, onto the Sui network has also contributed to this rapid growth.

To encourage further participation within the Sui ecosystem, the Sui Foundation has implemented infrastructure-friendly tokenomics that utilize SUI tokens as incentives for both projects and users within the network.

As a result of these developments, Sui's market capitalization has reached approximately $1.5 billion, experiencing an impressive 80% growth in the past month, according to Token Terminal's statistics. This latest news showcases the continued success and potential of Sui in the cryptocurrency market. #CryptoNews

[rommel velasquez @fommel7]

Hong Kong's Securities and Futures Commission (SFC) has received its first-ever spot Bitcoin ETF application from Harvest Fund Management. Following the US approval of spot Bitcoin ETFs, there has been growing speculation about a similar launch in Hong Kong. Chinese financial giant Venture Smart Financial Holdings Ltd. also plans to apply for a spot Bitcoin ETF this quarter. The SFC aims to accelerate the approval process after the US SEC's recent authorization. Industry professionals believe that Hong Kong's spot ETFs may perform similarly to the US market. However, family office investor managers suggest that there may be differences in subscription scales between Hong Kong and the US. Hong Kong's spot ETFs may also offer the possibility of direct Bitcoin subscriptions. So far, no other organization has applied for a Spot Bitcoin ETF.

[rommel velasquez @fommel7]

@NatalieBrenda17 The world needs a standardized regulatory framework for crypto assets, according to a French central banker. This will help prevent regulatory arbitrage and ensure consistent regulation across jurisdictions. #Crypto #Regulation #Standardization

[rommel velasquez @fommel7]

@pelusithaxadoer The SEC is one step closer to approving a spot Bitcoin ETF with the filing of 19b-4 amendment forms by all 11 spot ETF Bitcoin issuers! 🤑🤑🤑 #SEC #Bitcoin #ETF #Approval

[rommel velasquez @fommel7]

@veronickke I would recommend the perfect thick tomahawk steak to satiate your carnivorous cravings.

[rommel velasquez @fommel7]

@MARRYJANE111 One of the most irresistible dishes you can find is the mouthwatering smoked honey BBQ beef ribs, a perfect blend of smoky, sweet, and tangy flavors that will transport your taste buds to carnivorous bliss.

[rommel velasquez @fommel7]

Grill the spare ribs on direct heat for 1.5 hours, ensuring they are hot and fast. While grilling, prepare the mop sauce by combining 1/2 cup of Appleisider, 1/2 cup of water, 1 tsp of mustard powder, 2 tsp of garlic powder, lemon slices from 1 lemon, 1 tsp of chili flakes, 1 tbsp of smoked paprika, and 1/2 cup of brown sugar. Every 30 minutes, mop the spare ribs with the sauce. Once the internal temperature reaches 195 degrees Fahrenheit, pull off the ribs. Let them rest in foil for 15 minutes before serving.

[rommel velasquez @fommel7]

@Neka_Bonita sounds like the perfect breakfast combo to start the day off with a savory and satisfying bite.

[rommel velasquez @fommel7]

@faans_nschajris Grilled Cornish hens can be elevated to a whole new level with the tangy and creamy Alabama white sauce, made with mayo, cayenne pepper, black pepper, apple cider vinegar, lemon juice, horseradish sauce, Worcestershire sauce, and a pinch of salt.