Asian markets started earlier, then Bitcoin and altcoins after the "Black Five Promotion".

Bitcoin has recouped some of its "Black Five Promotion" loss. At the time, Bitcoin fell more than 8% after news of the latest exchange of a new cap, called Omicron was confirmed. According to the press release, the Bitcoin exchange rate rose over 4.5% to over $ 57,000.

The World Health Organization (WHO) classifies Omicron as a "multiple concern" which means it is more contagious and toxic. The United States and other countries have banned travel to South Africa (where the difference first appeared) and seven other South African countries.

The price of most altcoins also fell last Friday. ETH, the second largest cryptocurrency by market value, briefly fell below $ 4,000 on Friday, then fell back on Sunday. Although Ethereum, the blockchain-based company, has taken important new steps. According to data from Dune Analytics, the number of unique locations on Ethereum (total blockchain financial share users) exceeded 4 million last week (users can have multiple addresses). According to the release, ETH returned to nearly $ 4,300.

Much like the real estate market, the fate of the cryptocurrency market can be uncertain for weeks as traders wait and see the impact of Omicron. The Bitcoin Fear and Danger Index, which measures market sentiment, entered a zone of "panic" on Saturday, its lowest level since September.

Events Comments

Earlier this week, on Twitter, Citron appeared to imply that someone from Discord was working on the Ethereum feature. Screenshots show that MetaMask and WalletConnect are used by many mobile cryptocurrency wallets and that existing YouTube, Reddit, and Facebook devices are all integrated.

Citron says, "It's probably nothing," as a satire used by cryptocurrency enthusiasts to show that this is an important event. In fact, it could be a big deal. Readers in this thread that Discord is quickly adding valuable local tools to NFT and DAO. Discord is already the focus of many Web 3 projects, and seems to be joining the decentralized army.

However, not everyone is happy with these changes. This decision will affect changes in consumer behavior, possibly a shift in the focus of the gaming business. This is important information that warns that although cryptocurrencies have become a popular and important business and industry, there are still a lot of people who just don't like this trend that this business represents.

Slacktivists responded to Citron's tweets, urging others to abandon the platform and remove paid ads, one of the company's main sources of revenue for ad campaigns. Many people have commented on the claim that Ethereum uses a lot of energy and pointed out how cryptocurrency fraud has spread on the platform. Others have pointed out what the stress of "NFT enthusiasts" is.

Discord listens to human reasoning. Citron said Wednesday evening that the platform "has no immediate plans" to integrate the cryptocurrency wallet into its app. In fact, this is not an advertisement and the legacy will be part of the hackathon.

The company told TechCrunch, “We are excited about the potential of Web 3 technology and the way these communities come together on Discord, especially the participating communities. environmentally friendly and create action plans to focus on. “But we also know that there are certain issues that need to be addressed. Now we are focused on protecting our users from spam, fraud and deception.”

Website 3 is a general term for blockchain-based internet access, and the fact that users can access their information and share the tools they use is a positive development. In addition to the serious legal problems associated with the monopoly internet, cryptocurrencies are the best way to counter “regulatory oversight”.

However, for those who are blind to the belief in crypto technology, cryptocurrencies appear to be supercapitalism and an addition to capital. There is a tendency to seek solutions in business rather than in the state and to protect people. It is a way for the rich who already have more money. He called for a "neoliberal transformation" for the financial, international and all commodity markets.

The cryptocurrency promises a lot of “digital sovereignty,” in short, but has achieved a market value of just over $ 3 trillion in its 10 years. This was the point reiterated last month when supporters of the Electronic Frontier Foundation (EFF) expressed dissatisfaction with the digital rights-driven nonprofit opposing over-control. cryptocurrencies.

The EFF tweeted a line from executives of the Blockchain Association and the Campaign for the Future, two tech lobby groups arguing that cryptocurrency users should "believe" in the "threat" of the rules. People are often dissatisfied with environmental issues and are deceived. Some have promised not to support the EFF anymore.

You might think these people can take over cryptocurrency based on digital rules and privacy. But like the angry Discord members, it seems to have made its way into the entertainment industry. In both cases, they would be informed Internet users, not blindly denying cryptocurrencies.

There are good reasons to be skeptical of cryptocurrencies. It can address current privacy concerns (anything stored on the blockchain) and carbon footprint. It will be more difficult to reconcile the goals of the cryptocurrency market at a time when more and more people are skeptical about the current financial situation. You could say that Bitcoin is for everyone, but the money won't lie.

Is cryptocurrency on this system, or is it responsible? Does conflict create more value? For many people today, it "will be nothing".