Monday Movers 01

Terra rises from the dead; OP-EDs are becoming the talk of the town - but will DOGE be able to finance a commercial mission to the moon?

Highlights from the weekend:

  • Terra rises from the dead as Bitcoin prices stay pinned below $29K
  • SpaceX will now accept DOGE payments for merchandise
  • Op-Ed virtual real estate and property buying in the Metaverse is booming
  • Russia has second thoughts allowing crypto for international payments
  • Every tenth household in Europe holds crypto, according to ECB Study

Words of Wisdom:

"Education is the best way to move forward in crypto."

- Ben Todar, CEO of Moon Nation Game
"Right now, Bitcoin feels like the Internet before the browser."

- Wences Casares
"Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential."

- Marc Kenigsberg

Finblox Performers:

Bitcoin Ethereum Apecoin Near Protocol Cardano

The Scoop:

On May 28th, Bitcoin encountered another hurdle as BTC/USD refused to offer both upside and downside volatility. According to financial analyst Matthew Hyland, the reversal index indicated a challenge to the overall bullish trend that was witnessed at the beginning of the year. On the flip side, Do Kwon attested to the relaunch of Terra's new chain (Terra 2.0) which aims to revive the fallen Terra (LUNA) and UST ecosystem. Terra projects are still springing back to life despite its hard hit recently.

dogecoin SpaceX Elon DOGE
SpaceX set to accept Dogecoin for new mission.

Elon Musk recently revealed on Twitter that SpaceX will now accept Dogecoin as a form of payment, resulting in a 10% price surge for DOGE. He even went as far to say that DOGE has proven its worth as a reliable and cryptographically secure digital currency that can operate fully, even when banks can't. Is DOGE sophisticated enough to finance a commercial moon mission? Only time can tell.

Artists, musicians, and even the fashion industry are taking over the metaverse. Who’s next to follow suit? Real estate agents! Real estate agents in the metaverse and various companies are plotting to buy land on blockchain-based ecosystems in both Decentraland and Sandbox. Despite rising interest in the metaproperty scene, most investors can’t fully comprehend its value - yet. Nonetheless, digital land has many opportunities in store and is quickly becoming the subject of heated debate.

Officials in Russia are struggling with crypto market regulations and digital currency use. The Bank of Russia has proposed a strict ban on crypto trading and mining. Even the President himself summoned authorities to reach a consensus on the matter. Although the dispute is growing, the central bank is hard at work to ensure that crypto assets won't appear blank on balance sheets.

"The idea of using digital currencies in transactions for international settlements is being actively discussed."
- Ivan Chebeskov

Last but not least, a recent survey conducted by the European Central Bank (ECB) has announced that 10% of European households had purchased crypto assets. The crypto sector reached its peak at $2.9 trillion with Bitcoin still holding the lead as the biggest token. The ECB states that crypto is still unsuitable for most retail investors and has encouraged the European Union to manage and approve new rules as a matter of urgency.

Blockchain Events and Conferences

.... and finally some memes for your morning:

DISCLOSURE:

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. Charts, graphs and references to any digital assets are for informational and illustrative purposes only.

Finblox Blog is associated with Finblox - a reliable cryptocurrency earnings platform where you can buy and earn passive income on your digital assets.

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