Monster Legacy

Bitcoin crashes to almost half of it All Time High! . Edge announces Bitcoin card that requires no identification. Celsius halts transactions. Sales force to lunch its own NFT marketplace 'NFT cloud'.



Bitcoin Crashes!

Almost every cryptocurrency, including Bitcoin is now worth half or even less than their all-time highs. Just so you know, Bitcoin, Ethereum and other major cryptocurrencies crashed this weekend, with more than USD 100 billion wiped from the combined crypto market.

Bitcoin tumbled as much as 7% to USD 25,366, at 18-month low. Bitcoin is down more than 43% so far this year (YTD), and is trading far below its record high of USD 69,000, it had hit in November, 2021.

What could be the cause?

The cause of the massive crypto crash could be as a result of a massive sell-off by investors amid heightened inflation fears



One degree Celsius lower!

Celsius allows users to deposit their Bitcoin, Ethereum and Tether and receive weekly interest payments. Depending on the time horizon and the token, the platform offers as much as 18% interest a year.

On Sunday evening,Celsius Network, one of the biggest crypto lenders, told customers Sunday evening that it is pausing withdrawals, swap and transfers between accounts.

This move has prompted the price of the firm's token to take a 60% tumble in the past hour to as low as 19 cents.

"We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations," wrote Celsius. Apparently this is due to 'Extreme market conditions'

Fingers crossed.


No identification Bitcoin Card- Edge

Not a name, not a phone number, not an email address," Edge co-founder and CEO Paul Puey told Decrypt in an interview. "Definitely not your actual address, nothing. You can create a virtual card in around 15 seconds inside of Edge."

Edge, the company behind the Edge cryptocurrency wallet, announced the launch of a new "Confidential Mastercard" that requires no personal identifiable information to use.

Apparently, the new card is not only for Bitcoin. The users can sell Bitcoin Cash, Dogecoin, Litecoin, and Dash to fund their Edge Mastercard for use at eligible merchants in the United States

Major information about the Edge Mastercard include:

~At launch, the Edge Mastercard will have a daily spend limit of $1,000 and can be used with Apple Pay with Samsung and Google Pay coming later.

~ The option to order a physical card for $20 is coming later this month.

~To fund their account, Edge customers sell their Bitcoin inside their wallet and send the USD to their Edge Mastercard to make purchases instead of sending the funds to a bank account.

~There are no fees to add funds to a card, apparently those who wish to shop at an online store can copy and paste their card's information and add a shipping/billing address to the order.


Sales force to launch 1 its own NFT marketplace 'NFT cloud'

Customer relations management software "Salesforce" is launching a cloud-based service for creating and selling NFTs.

The aim of the new NFT marketplace is not to seek appreciation of the value of an NFT; rather, it is to seek engagement from NFT buyers. The service is designed for consumer brands that want to sell NFTs for special access, such as admission to an event, rather than for art or trading value.

Apparently, Salesforce clients, who mainly consist of enterprises, will be able to list their NFTs on their own website, while Salesforce will handle details like back-end security, writing of smart contracts, and authentication.

For now, the testing phase of the service will only be available to a few customers pending the official launch in October.





Cloudflare outage disrupts lots of activities for hours.

Elon musk sued for alleged 'dogecoin pyramid scheme '.

 Yahoo to lunch metaverse events in Hong Kong. 

Total value locked in DeFi is now 70% down from it's All Time High



"Outage didn't spread worldwide, but affected a lot of places."

- John Graham-Cumming, the Cloudflare firm's chief technology officer.

On Tuesday, there was a widespread outage that affected a large number of services including FTX, Discord, Omegle, DoorDash, Crunchyroll, NordVPN and Feedly.

Users began facing issues accessing some popular sites including Zerodha,, news outlet Register, Groww etc. They were also struggling to use Coinbase, Shopify, and League of Legends.

The company didn't disclose what caused the issue.


The world's richest man - alongside Tesla and SpaceX, the companies he is CEO of - are accused of "promoting Dogecoin to profit from its trading".

Recall that Dogecoin hit the headlines after surging dramatically last year.

In a little over four months, Dogecoin rallied from $0.004 to $0.73 - a gain of more than 18,000%.

Musk regularly tweeted about DOGE during that period, and on the day the coin began to fall, he described it as a "hustle".

Here's the gist,

A complaint filed in a New York court says: "Musk used his pedestal as the world's richest man to operate and manipulate the Dogecoin pyramid scheme for profit, exposure and amusement."

An American man called Keith Johnson who is suing Musk, alleges he was "defrauded out of money" as a result of the entrepreneur's endorsements.

Mr Johnson's lawyers assert that the cryptocurrency "has no value at all" - and court filings feature quotes from billionaires Bill Gates and Warren Buffett, who have both questioned the value of such digital assets.

Apparently,plaintiff wants to represent those who have lost money through Dogecoin since 2019.

Beyond his demands for $258bn in damages, he also wants Musk, Tesla and SpaceX to be banned from promoting DOGE.


Yahoo Hong Kong has launched a series of metaverse activities in the city to explore the use of immersive advertising technologies and to strengthen connections between individuals via metaverse.

Yahoo metaverse recreates a three-story multi-functional space with bars, NFT galleries, sports fields and rooftops in resemblance to Hong Kong's most iconic visual elements such as neon lights and skyscrapers.

From the look of things, Yahoo Metaverse, which combines sports, entertainment and lifestyle trends, will become an important milestone in the meta-universe.


The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion.

While a great number of cryptocurrencies including Bitcoin, (BTC), slid significantly in value, smart contract platform tokens and decentralized finance (defi), in general, suffered a great deal. Few days ago, reported on how defi and smart contract coins got slammed by significant blows and at the time, there was still $104 billion in value locked into a myriad of defi protocols.

Here are the facts:

~Makerdao's TVL shed 15.19% during the past few days and the second-largest protocol in terms of TVL size, Aave lost over 40% last week.

~Today, ethereum commands the largest TVL size out of all the blockchains with $47.33 billion or 64.18% of the aggregate locked.

~The second-largest defi blockchain as far as TVL size is concerned is Binance Smart Chain (BSC) with $6.06 billion or 8.22% of the $74.27 billion locked in defi today.



22ND JUNE 2022



Bitcoin ends a 9-weeks bearish run, 

Solana Blockchain halted for hours, 

Binance partners with the weekend for first 'web3' integration tour, 

South Korea invests directly into the Meterverse.



After a 9-week bearish streak (the longest in the history of Crypto!), Bitcoin is now rallying, giving hope to investors that the bulls are in sight.

Bitcoin, which opened on Monday 30th at $29,443, traded as high as $32,249 towards the end of the week, before closing at $30,600. The event sparked a rally for Bitcoin, which has driven its price even higher coming into the new week.

The good news is that, despite the upcoming U.S. inflation data report scheduled for Friday, June 10th, the price of Bitcoin has continued to push towards greener pastures.



The Ethereum killer has been witnessing several outages in the recent past. The most recent was on 2nd June when the Blockchain was halted for over four hours.The disruption was purportedly triggered by a rush in transactions.

Following the disruption, Solana status tweeted a description of what happened.

They said, "Earlier today a bug in the durable nonce transactions feature led to nondeterminism when nodes generated different results for the same block, which prevented the network from advancing."

A Solana blockchain developer addressed the issue and posted on Twitter saying "Chain splits occur when two parts of the network compute a different state given the same transactions for any reason. They are a class of bugs that are hard to prevent entirely, even with large test coverage, and affect any chain."

He also mentioned that multiple node implementation is an excellent technique to avoid chain-split issues. The developer also mentions that this restart is only an emergency patch for the situation and not a long-term solution.



The first 'web3' integration tour is set to hold as Binance partners with The Weeknd. It's gonna be the first international music tour powered by cryptocurrencies.

The exchange has announced that it will sponsor The Weeknd's "After Hours Till Dawn" world tour. The tour is scheduled to begin on July 8, 2022.

The Weeknd established the XO Humanitarian Fund earlier this year to support the World Food Programme's vital emergency operations in hunger-stricken places around the world. The exchange announced that it will donate $2 million to the XO Humanitarian Fund to mark the start of the tour.

Cool yeah?

What's more, Binance has also collaborated with the creative business incubator HXOUSE to create an exclusive NFT line and co-branded tour gear for The Weeknd's tour.


South Korea is one of the first countries to put funds into this field.

The investment is part of the new tech focus South Korea has included in its Digital New Deal, a set of guidelines that the government is following to push citizens to transition to a fully digital society.

The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies.

He stated the metaverse is "an uncharted digital continent with indefinite potential," showing the possibilities the South Korean government sees in this new technology.

Way to go South Korea!



7TH JUNE 2022



Benita's Crypto Corner

Etherum-Beacon Chain Merge. New Blockchains For Luna? . Sell Your Crypto For Fiat On Binance. Fashion Meets Crypto Again!


-The Ethereum-Beacon Chain Merge-

Today, Ethereum relies on proof-of-work. In the proof-of-work, miners must complete complicated puzzles to validate financial transactions on the blockchain.

Apparently, the process requires a vast amount of power, and critics say it brings a negative environmental impact.

Ethereum's merge with Beacon chain is an attempt to switch from a proof-of-work model to proof-of-stake. What this means is that users will validate the transactions according to the number of coins they contribute.

In other words,

For staking more coins, all users have a higher probability to validate transactions in the network and earn more coins or rewards.

Kindly note that, Ethereum runs parallel proof-of-work and proof-of-stake. Both options have validators. However, only the proof-of-work chain processes the Beacon chain.

This merge's gonna eliminate mining entirely.

Okay? Okay.

-A New Blockchain for Luna?-

Last week on the blog, we informed you that Luna and TerraUSD, two cryptocurrencies linked on the terra blockchain, collapsed and shed most of their respective values. Sadly, the people who held these tokens lost most of their investment.

Well, this week a plan emerged to create a new blockchain for the Luna cryptocurrency. Do Kwon, CEO of Terraform Labs, the company behind both Luna and TerraUSD, posted a plan on Monday to "fork" the old terra blockchain network into a new one.

Here's the thing,

Owners of Luna tokens are allowed to vote on the proposal. Right now, about 79% of votes are in favor of the plan, with barely four days left to vote.

Kwon's plan proposes a new terra blockchain should be created from the old one, and the new one would then be the default terra blockchain with a new Luna cryptocurrency.

The original terra blockchain would be renamed "terra classic."

Fun Fact: The original Luna cryptocurrency and TerraUSD stablecoin, both of which are next to worthless, wouldn't exist on the new terra blockchain.


Binance recently announced its Sell-Crypto-for-Fiat Feature enabled for all Cryptos. What this means is you can now sell all cryptocurrencies for fiat, and directly transfer the funds received to your credit/debit card via the Sell Crypto to Credit/Debit Card feature.

Currently there are 11 fiat currencies supported for this. They include:


Kindly note that Users need to complete account verification in order to sell cryptocurrencies for fiat and directly transfer the funds to their Credit/Debit Cards, and increase withdrawal limits.

Way to Go Binance!

-Fashion meets Crypto. Again.-

Remember our Blog Post on Gucci's acceptance of payment in cryptocurrency? Well, Balenciaga has decided to follow suit.

I know you're probably thinking that given the plunge in cryptocurrency over the last 10+ days, the timing wasn't ideal.

On whether that is cause for concern, the company said in a statement that, "Balenciaga is thinking long-term about crypto, and fluctuations in currency value are nothing new."

For now, the fashion house will accept currencies like Bitcoin and Ethereum to begin with and other currencies will be added in due course.

Currently, the brand will now accept crypto at its flagship stores, including on Madison Avenue in New York and Rodeo Drive in Beverly Hills, as well as on Other regions and e-commerce will follow, the company said.



23RD MAY 2022



Cardano-Ethereum USDC bridge is live, Meta-Mask partners with Asset Reality to aid asset recovery, Dogecoin flips Polkadot, BAYC announces release of it first tech Demo


-Cardano-Ethereum USDC bridge is live-

Goodnews Amigos!

Investors and users who wish to bridge their USDC from Ethereum blockchain to Cardano can now do so via Milkomeda. The user bridges Ethereum-based USDC to Milkomeda and then transfers it to Cardano as a Cardano Native Asset.

To perform a swap, users would need at least 4 milkAda tokens in their wallets, which is required by Milkomeda and Iagon Token Bridge. If a user does not have enough or any milkAda tokens in a wallet, they can transfer ADA from any Cardano wallet to EVM wallet and get their tokens.

Here's how it works,

After obtaining the necessary tokens, users should proceed to the bridge page and connect their Cardano wallet with Nami or Flint wallets. Then, users would need to choose Milkomeda C1 and then send their ADA to the provided address.

The Iagon Token Bridge is currently in beta test version but already fulfills its purpose of converting tokens designed for unwrapping and wrapping IAG tokens on the Ethereum and Cardano blockchains. The solution allows swapping ERC-20 IAG tokens for native tokens from the Cardano blockchain in both directions. The solution is powered by the Milkomeda sidechain.

-Meta-Mask partners with Asset Reality to aid asset recovery-

Asset Reality partners with Metamask to aid asset recovery.

Asset Reality is delighted to announce a new partnership with Metamask, the world's largest digital wallet provider. This partnership represents an industry-first approach to improving digital asset recovery around the world.

Okay, what's Metamask?

Metamask is a non-custodial software that run's on the user's device, similar to a web browser. In January, they exceeded over 30 million monthly active users, making them the most popular Web3 wallet and browser globally.

Just like a physical wallet in somebody's back pocket, Metamask doesn't have any access to users' funds so the most important member of the security team is the user themselves.

You should know that economic activity on web3 has grown exponentially. Sadly,so has the rate of online scammers and thieves. Platforms that have a high number of users such as Metamask are a common target for scamming techniques like phishing.

Asset Reality partnership with Metamask will help victims of these scams to recover their digital assets whenever possible. This support will be available to Metamask users globally including the United States, the UK, India, Nigeria amongst others.

Asset Reality will build investigation into the scams operations which will increase the chances of funds recovery and justice to the scammers.

Please note that Victims will still need to report their losses through the official Metamask platform.

The partnership seems to be quite innovative, don't you think?

-Dogecoin flips Polkadot to become 10th largest cryptocurrency in the world by value-

Dogecoin in the Top 10!

I'mma give it to you straight.

Dogecoin just became the 10th largest cryptocurrency in the world by value ( surpassing Polkadot).

Here are the numbers and facts,

The current market capitalization of DOGE and DOT is respectively $10,949,701,938 and $10,480,467,284, with DOGE leading by over $500 million.

At the time of writing, DOGE trades at $0.083 across cryptocurrency exchanges, with a 7.4% increase in 24hours, whereas other major cryptocurrencies like Bitcoin and Ethereum barely had a 0.1% increase in 24 hours. Crazy right?

While DOT has a 24 hours volume of $832,177,623, DOGE traded well above $1 billion in the last 24 hours.

A little birdie told me that the reason for the increase in Dogecoin is Elon Musk's acceptance of the coin as payment for Tesla

-BAYC announces release of it first tech demo on the metaverse on July 16-

BAYC's first tech demo on the metaverse coming up!

The date's 16th of July.

The Otherside land claim for BAYC and MAYC NFT holders is finally closed today. The team is now collaborating with the virtual reality company Improbable to give a demo of the game to the public .

The Otherside is an open-world meta RPG from Yuga Labs, the creators of the popular Bored Ape Yacht Club NFT collection. The team first launched the project on April 30, and since then, fans have been eagerly awaiting the game's release.

Note that the demo is only available to those who own an Otherdeed land NFT.

It is not yet clear if The Otherside will be free to play in the future. For now, the game demo is only available to NFT owners. However, the Alpha and Beta versions of the game will most likely be open only to NFT holders.



30TH MAY 2022


ETH Address



What a week!!


The price of Bitcoin plunged to its lowest point since 2020. A cryptocurrency that promoted itself as a stable means of exchange collapsed. And more than $300 billion, (yes, you read that right.) was wiped out by a crash in cryptocurrency prices since Monday last week.

In a sell-off that graphically illustrated the risks of the experimental and unregulated digital currencies, the crypto world went into a full meltdown this week. Apparently, two years of financial gains can disappear overnight.

Remember when Bitcoin plummeted in 2018? Oh well, this time it even has greater impact as more people and institutions hold the currencies.

Critics say, Bitcoin has had this coming for a long time now.


My heart goes out to all LUNAtics, really. Just last month, the Luna price was trading as high as $100 per Luna, this week it crashed to near zero.

Good news Amigos,

The chief executive of UST and luna developer Terraform Labs, Do Kwon,has pitched a revival plan that could see ownership in the network distributed across UST and luna holders—causing the luna price to surge over 1,000%. Traders bet the project could recover.

Fingers crossed.

In other news,a little birdie told me that LUNA Foundation Allegedly Sent Over $2 Billion Bitcoin to Gemini and Binance. The data shows that the first 52k tranche was transferred to Gemini, while another 28k was sent to Binance.

🔸 Meanwhile, the LUNA foundation had not released information regarding this transfer.

Also note that,whether all of the BTCs were sold is not yet known.


Etherscan, DexTools, and CoinGecko have reportedly confirmed the crypto scam ad and issued alerts to not connect wallets.

Here's how the scam works:

Scammers behind the phishing attack faked that users would access the most significant NFT avatar, Bored Ape Yacht Club, by clicking on the provided link. And to make it real, the pop-ups featured an ape skull logo alongside the now-defunct domain, Per the WHOIS lookup, the domain from where phishing attacks were being generated was registered on Friday, around 3:00 PM.

Crazy stuff, people.

The ad required users to connect their MetaMask wallets to use it on the site. Web 3.0 technology allows MetaMask wallets to authorize access to websites via smartphones and browser extensions. And since the fraudsters managed to place dodgy advertising scripts on reputational sites which have a trusted relationship with their audiences, many users fell into the trap and provided access to their wallets.

CoinGecko says that,The situation was caused by a malicious ad script by Coinzilla.

Stay safe my Friends.


There's a new strategy announced by the Emirates airline to broaden its capabilities of engaging with its existing passengers while attracting new customers to its services. The airline plans to accept Bitcoin as a valid form of currency in exchange for flight tickets shortly. The Arab airline also plans the launch of non-fungible tokens (NFTs) to be traded through its websites.

Amazing innovative I must say.

During a media address, the Chief Operating Officer of Emirates,Al-Redha was keen to point out that NFTs and metaverse are just two different applications and approaches being employed by the airline to make the engagement experience with customers more interactive.



15TH MAY 2022.

PLEASE LEAVE A TIP:  0xB44fbE2B10E7682a1d768E709CdD042fE9ae8B52


What a week on the Crypto Space!

From Bitcoin’s massive dip, to Elon Musk’s investigation by the FTC, to Gucci’s recent development on Cryptocurrency payment. Did I mention that a whooping $250million was made in the NFT world? Follow me down the rabbit hole as I bring you up to date!

Bitcoin goes skinny dipping?

If I had a penny for every crashing crypto, I would have a Bitcoin. Apparently Bitcoin plunged into the “Opensea” on Friday following the Federal Reserve’s announcement on Wednesday. Okay, let’s get serious. Crypto experts say Bitcoin may bottom out at $29,000 again and get a pump in July. You’ve got to have a bearish plan because the markets can switch at anytime.

Crystal ball anyone?

Rising inflation, geopolitical crises, and shifting U.S. monetary policy — continue to drive extra short-term volatility to the crypto and stock markets. It’s no news that the crypto market is intertwined with global economic factors. The recent tracking of the stock market by the crypto market just tightened the knot.

The Bored Ape Yatch Club’ launch was anything but Boring; 

$285 million. Not my bank account balance, I assure you. That’s the resulting land rush generated by the public debut for Yuga Labs’ “Otherside” metaverse project. Crazy right? There’s more. While the resulting land rush generated roughly $285 million for the company, it also created some of the highest gas fees in the history of the Ethereum network: Investors have spent over $176 million on fees alone in the past 24 hours.

Let’s get our facts straight, shall we?

Otherside is the biggest product launch yet from the company best known for creating the Bored Ape Yacht Club non-fungible token collection. During last night’s sale, traders snapped up a limited supply of 55,000 “Otherdeeds” NFTs, which represent titles to plots of virtual land in a forthcoming 3D social space. They cost about $7,000 each, and were only available for purchase in ApeCoin (APE), Yuga Labs’ official cryptocurrency. On secondary marketplaces like OpenSea, the cheapest listed price for an Otherdeed was around 7 ETH (roughly $19,000) at publication time. Obviously, the night was a win for the firm, which previously raised $450 million from venture capital giant Andreessen Horowitz, and a kind of slow-burning disaster for everyone else (Ouch!) The Otherside raise was worth even more last night; around $320 million, but the value of APE has since fallen.

I guess we can’t all be happy, right?

Elon trying to conceal his musk from FTC? The Federal Trade Commission has opened up an inquiry into Elon Musk’s early stake in Twitter. The regulator aims to determine if Musk violated antitrust reporting requirements when he amassed a 9% stake earlier this year. Shares of Twitter rose 1.6% to $49.40 on Thursday, still below Musk’s acquisition price of $54.20 a share. Musk amassed a 9.2% stake between January and April of this year, and the investigation aims to clarify if the Tesla CEO bought the shares with the intention to influence Twitter’s management, or if he intended to remain a passive shareholder, according to The Information. Musk’s stake initially had been disclosed via a 13G filing, which indicates a passive stake, or when a shareholder doesn’t try to exert influence. A subsequent 13D filing, instead confirmed that the Tesla chief was to be an active investor looking to hold sway over Twitter’s business and operations. Twitter CEO Parag Argrawal also announced that the company would be appointing Musk as a board member, signaling his status as an active investor. Separately, some have questioned whether Musk failed to disclose his 73.5 million Twitter shares on time. He had reported it three weeks after he passed the 5% threshold. Shares of Twitter rose 1.6% to $49.40 on Thursday, still below Musk’s acquisition price of $54.20 a share.

Crypto-nista anyone?

Cryptocurrency meets Fashion in this recent move by Gucci. The brand will accept cryptocurrency payments in some US stores at the end of this month, and plans to extend the pilot to all of its directly operated North America stores this summer. The move marks a major validation for the currency from a leading luxury brand. Gucci will accept payments in more than 10 currencies, including Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Wrapped Bitcoin, Litecoin, Shiba Inu, and five stable coins pegged to the US dollar. The process is pretty straightforward. In-store crypto payments will be made with a link sent via email to the customer; the link contains a QR code that allows them to execute the payment from their crypto wallet.

Let’s go shopping!