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Consumer Credit VS Capital Credit: Exposing the Systematic Roots of Income Inequality



There’s a BIG difference between CONSUMER CREDIT and CAPITAL CREDIT. And understanding this difference will help readers understand why American income has become so inequitably distributed, especially over the past four decades, and why the wealth gap between the few and the many, threatens to undermine American democracy.

Consumer credit on one hand, is easy to get. Fill out a few online forms and unless you have some real financial problems you’ll receive your very own, personalized, plastic credit card along with all the accompanying literature (lots of fine print) within days.

With consumer credit in hand you can buy anything from gas at the pump, to beer at the ballpark, or a college education (student loans sound familiar to anyone?). A consumer credit card company wants you to buy all kinds of things on credit (often at ridiculously high interest rates – formerly called usury), to pay later, while piling up a mountain of debt that will allow the lending institution to make you work for the rest of your days in order to pay off your debt to them.

In Contrast – Capital Credit…
On the other hand, capital credit allows you to purchase wealth producing capital assets (i.e. land, machinery, buildings, corporate stock), to pay back the loan at a reasonable rate until you own the asset outright, and are reaping the full financial benefits of owning wealth producing capital. Done right, the loan is paid back out of FUTURE EARNINGS (i.e. dividends) instead of the borrower’s own pocket.

Capital credit however, is much harder to get (try buying a house sometime) than consumer credit. Generally speaking, borrowers must be able to prove they don’t need the money (meaning they have ample collateral with which to back the loan) before the lending institution agrees to anything. The result is that most wealth producing capital assets that yield lucrative dividends to their owners are accessible ONLY to a small percentage of people – the 1% to 5% who can prove they don’t need the money.

Almost everyone else is effectively left out in the cold when it comes to accessing capital credit and owning wealth producing capital assets. This is the basic reason for the wealth gap that’s transformed America’s democracy into a 21st century American oligarchy.

Enter Kelso and Adler
Enter a gent named Louis O Kelso, who back in 1958 published a book entitled “The Capitalist Manifesto,” in which he (and co-author Mortimer Adler) suggested that every American citizen should have access to capital credit with which to purchase wealth producing capital assets at reasonable interest rates and in the process actively participate in (instead of being left out of) America’s highly productive free market economy.

Such a strategy according to Kelso and Adler, would democratize a free market economy. Such a strategy would maintain the private ownership essence of the free market while preventing the monopolistic tendencies that have historically undermined political democracy in laissez faire capitalist economies. In other words, it would save the free market from its own historical tendencies to self destruct.

By democratizing the free market (while creating lots of demand via a second “investment income” for every citizen*) and systematically reducing the malignant wealth gap, Kelso and Adler predicted an economic expansion even larger than the one that followed in the wake of Abraham Lincoln’s Homestead act of 1863 which gave every American citizen 160 acres of land (one kind of wealth producing capital asset), if they were willing to take care of it. But where land is finite, business opportunities and corporations (as well as the economic possibilities) are infinite.

Oligarchs Successfully Marginalized Kelso/Adler
The oligarchs however have successfully kept a lid on Kelso and Adler’s revolutionary ideas and to this day most of the public actually thinks there are ONLY 2 choices when it comes to economics. There is the historically right leaning, free market, laissez- faire capitalist approach of the Republicans. And there is the historically left leaning, labor union favoring approach of the Democrats.

The right pushes rugged individualism and personal responsibility while the left pushes enlightened self interest which recognizes that we’re all in this together. According to conventional wisdom, the political pendulum swings between these two poles and in the process the Kelso/Adler prescription has been effectively ignored by the “free press.”

Enter the Capital Homesteading Act
But that does not mean “ownership economics” are dead and gone. On the contrary, over the past half century thousands of employee owned companies (ESOPS) and worker owned co-ops have sprung up around the nation. When done for the right reasons (not to bail out a failing airline) these examples democratize the conventionally despotic corporate plantation.

Professor Rick Wolfe, Dr. Guy Alperovitz, and Dr. Ted Howard are unabashed, vocal proponents of worker owned co-ops based on the Spanish Mandragon model. Off shoots of this can be found in places like Cleveland, Ohio (the Evergreen Co-op) and Jackson Mississippi (championed by now deceased Mayor Chokwe Lamumba).**

And a resilient band of renegades known as the Center for Economic and Social Justice, led by Dr. Norm Kurland has developed and introduced The Capital Homestead Act which exchanges land for capital assets, and in the process gives every American citizen access to capital credit (per Adler/Kelso). The Capital Homestead Act is built on a foundation of PRIVATE OWNERSHIP which those on the right will applaud. Yet it also accounts for the fact that WE’RE ALL IN THIS TOGETHER, which those on the left will applaud. In other words the Capital Homestead Act takes the best of both sides and merges them into a 21st century idea whose time has come.

Capital Credit: an Idea Whose Time Has Come
In any case, the time has arrived for an alternative solution because the arguments on the conventional right and those on the conventional left have fallen short of the mark when it comes to empowering individual citizens, recognizing that we really are all in this together, and when it comes to democratizing a free market economy. Ownership economics is the key to the future for anyone who really wants a political democracy.

*The 2nd income is generated from distributed dividends NOT from taking a 2nd job.

** Rutgers University also offers its annual Louis O Kelso Fellowship which plants academicians around the nation with some background in this unique line of thinking.

Actually people around the world are interested in the concept of Ownership Economics as exemplified by the Global Justice Movement and through presentations by internationally renowned scholars such as Professor Stefano Zamagni.


Demole is Taking NFT Gaming Beyond the Blockchain




The proliferation of consumer-grade PC hardware and smartphones pushed the global gaming industry to a valuation of $300 billion in 2021, making video games a more popular form of entertainment than the American film industry.

Running parallel to this rise in the popularity of gaming is the explosion of the decentralized finance (DeFi) market, and more recently, the emergence of gamefi, a revolution in blockchain-based gaming which adds an economic spin to what has till now been mere entertainment.

The exclusivity of non-fungible token technology makes NFTs a solid foundation upon which to build unique, bespoke player experiences. However, bridging the gap between a novel, emerging technology and the existing global gaming industry has, until now, proven to be a difficult task.

Introducing Defi Monster Legends

Demole is the first 3D role-playing game based on NFT technology in the world and operates on a play-to-earn basis. It pits player-characters against one another in a PvP environment and pulls together a range of popular gaming mechanics prevalent in triple-A games, such as campaign storylines, resource crafting, arena battles, progressive upgrades, boss battles, a player-operated item marketplace, and more.

Recognizing that the global gaming industry exploded largely due to the popularity of smartphone gaming, Demole expands the traditionally PC-based NFT gaming sector into the mobile arena.

Demole, which functions as an acronym for Defi Monster Legends, threatens to be the first project to bridge the $300 billion gap between blockchain gaming and its non-blockchain counterparts, thanks to both its mobile focus and an ability to let players earn money as they play.

Countering the Gaming Industry’s Underhand Tactics

Major video-game publishers have in recent years doubled-down on their tactic of forcing players to pay for game content that would previously have shipped with the base game as standard. Rather than play-to-earn, major developers instead install a pay-to-play mechanism, where certain content is only available to those willing to pay extra. This sales tactic is frequently indistinguishable from gambling, as witnessed with the now normalized loot-box phenomena – a trend which seems doubly pernicious when one considers that its targets are usually children.

Blockchain-based NFT gaming has threatened to democratize and liberate gaming culture from these profiteering tactics, however, its failure to meet the graphical and gameplay standards of the existing gaming market has thus far halted its spread.

RPG meets BSC

Demole aims to connect the traditional gaming market with that of the blockchain-based NFT space by offering the range of features the average gamer has come to expect. Along with graphical fidelity and mobile compatibility, this includes a rich storyline on par with popular modern games, in-game communication, diverse content and missions, and the inclusion of one of the most popular genres in gaming today: RPGs.

Built on the cryptocurrency space’s DeFi home, Binance Smart Chain (BSC), Demole offers players a low barrier to entry and modest gas fees for in-game activities. What’s more, its burning and revenue sharing model means it’s not just gamers who can benefit from Demole and its native $DMLG token. Regularly scheduled token burns boost the value of the native token, allowing passive holders to benefit from the popularity of the game. Holders can also opt to stake their tokens to accumulate passive returns.

The team behind Demole has long and varied histories in mobile gaming, blockchain development, and marketing and finance. The development of Demole is overseen by four different teams of specialists, dividing up responsibilities between blockchain developers, digital game artists, a marketing team, and a finance team.

This specialization of responsibilities, along with its play-to-earn model – and a willingness to aim higher than the NFT space alone – is what the Demole team hopes will push the mobile RPG into the hands of eager gamers worldwide, whether they’re blockchain enthusiasts or not.


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New York Becomes First Choice for Bitcoin (BTC) Mining



New York Becomes First Choice for Bitcoin (BTC) Mining
  • New York becomes the most desirable state in the U.S for BTC mining .
  • 20% of BTC hash rates originate from New York .
  • AVailability of renewable energy and cooler climate are major factors.

The China BTC mining ban has completely turned the Bitcoin (BTC) mining industry overall. With China now out of the game, now the U.S leads the world in BTC mining. In spite of this, of all the states in the U.S, the state of New York, becomes the most derided for BTC mining. 

Accordingly, the survey report states that 20% of the has rated for BTC mining is from New York, followed by Kentucky with 18.7%, Georgia with 17.3%, and Texas as the fourth with%.

New York’s BTC Mining Surge 

The Foundry USA, a finance-based advisory company in the U.S gives out reports from a survey stating that New York tops as the best place for BTC mining. Moreover, upon the survey, Foundry USA did not take into account all the mining farms in the USA. Rather they surveyed only the prominent ones in major cities.

Furthermore, the CEO and Co-founder of Castle Island Ventures, Nic Carter states that only those who used Foundry USA were taken into the survey. This has clashed out many reputed mining farms like the Riot Blockchain mining firm and much more.

In addition, Carter states the state of New York proves to be the best as a result of the survey. Also, the highlight of New York is the state’s availability of renewable sources of energy in abundance such as hydroelectricity.

Besides, the cooler climate compared to the other states is another major reason, which lessens the cost of cooling facilities and power supply. Also, the CO2 emissions in New York are comparatively the lowest too. 

Texas Neglected

However, many analysts debate that Texas should deserve the title as many of the mining firms in the state were not taken into account. 

Accordingly, Texas has it all in the bundle, such as BTC favoring politicians, renewable wind-source electricity, vast abundant land areas, lower energy prices, and much more. 

On the other hand, Texas was the first place of choice for all the mining firms in China, when they decided to relocate at first. 

Besides, the executive from the Luxor Mining firm, Alex Brammer states that the cost of power in West Texas couldn’t be compared to anywhere else in the world. 

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Community Engagement The Old Fashioned Way



HIFI Society

A viral new project in the play-to-earn gaming sector called HIFI Society has set its sights on industry dominance through a battle-tested play in blockchain and crypto-community building.

In this article, we look into how they plan to do this with a toolkit involving gaming, cryptocurrency and NFTs.

What is HIFI?

HIFI is an emerging crypto Play-To-Earn gaming project that seeks to be a leader in the industry. It is the first major project in the HIFI Society ecosystem.

HIFI wants to build pathways for gamers as well as artists by helping them build their professional careers on the blockchain. Simultaneously, their platform is built to attract gaming studios and gaming devs to list their older games and reactivate revenue utilizing HIFI’s reward engine. Its gameplay economics platform includes over thirty retro video games, as well as experiences and rewardable services. And it’s built to get better with age. Equipped with a proprietary gameplay analytics backend set to allow HIFI to constantly improve their user experience based on players’ activity.

Users and Community Building First

In a cryptocurrency industry rife with pump and dump schemes as well as well-meaning projects too focused on short-term price action, the individual user is often left behind.

The team behind HIFI chose a different direction. Long-term price appreciation is dependent on use cases and a strong community. So they put the community and the users first. The value of a platform and its cryptocurrency tokens are only as valuable as it is valuable to its users.

HIFI seeks to target, engage and retain different elements of the community according to their need:

  • Inventors: want ROI
  • Traders: want volatility
  • Gamers: want to play
  • Competitive Gamers: want to compete
  • Viewers: want to be entertained

Already in beta testing with over 1,000 users, as well as boasting a community of over 5,000 users on Twitter, HIFI seeks to combine the traditional successful elements of a fun user experience with the innovations of the blockchain. Here’s a closer look into what’s built into it.

HIFI Ecosystem Elements

The first element that HIFI taps into is the nostalgia of game players that users have for retro gaming. They have acquired dozens of games from the ’80s, ’90s and 2000s and one of these is ideally built for keyboard play, others for joystick plays. Their goal was to provide something for a wide array of gamers.

Now enter competitive gaming. ESports has been a growing trend for decades, with professional teams organized to the level of professional athletes. But for the most part, eSports has been a closed group of very professionals. What about something for the everyday user who just wants to have some fun or in-between?

HIFI has incorporated blockchain into the platform to make the user experience attractive to all levels of gamers. The $HIFI token was built on the Binance Smart Chain to optimize the user experience with the lowest fees. The token comes into play in several ways:

  • All users will be required to stake (not spend) tokens to participate in the platform.
  • Users can earn tokens through participation in the platform.
  • More dedicated users can participate in gaming competitions and earn even more tokens.

After platform launch, one of the next steps on the roadmap will include implementing staking rewards. More serious play-to-earn competitors can increase their earnings in this way.

Additionally, $HIFI will engage in a quarterly token burn, buying back tokens and destroying them to decrease the supply, create upward price pressure and incentivize all community participants.

Looking Ahead

With HIFI Society’s gaming platform set to launch within the month, they have already set their eyes toward building other elements of their ecosystem, which will dovetail with HIFI Gaming.

The next phase will include launching NFTs on popular third-party marketplaces, introducing artists, musicians, and gamer influencers with co-branded NFTs and activating NFT utility on their own NFT marketplace, which will be for artists as well as gamers using the system. There is also a plan to incorporate yield farming. This was one of the reasons the team chose to build the $HIFI token on the Binance Smart Chain.

HIFI’s target is a large, vibrant and growing community, with an array of different participants that are each rewarded for their participation, and a platform that supplies their demands.



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Centric Swap (CNS) Rockets Up With 1000% Gains



Centric Swap (CNS) Rockets Up With 1000% Gains
  • Centric Swap (CNS) rockets up with 1000% gains.
  • Reaches ATH of $0.001807.
  • Three major reasons owe to this rocket surge.

Certainly, there’s no doubt how proliferic the month of October has been so far for the entire crypto industry. With many altcoins and Bitcoin (BTC) performing exponentially, most of them are expected to reach their all-time highs (ATH) within the end of October. 

On the other hand, few altcoins have already reached their ATHs and are upon making new records such as the Centric Swap (CNS). Accordingly, CNS has rocketed up with mind-blowing gains of 1000% in October, within a short time period.

CNS’s 1000% Gains

The Centric Swap (CNS) is a dual crypto payment-based application network that was first upon the Tron (TRX) network. A few months backs, CNS shifted to Binance Smart Chain (BSC). 

Moreover, once the CNS tokens are purchased, Centric Rise (CNR) will be rewarded and once CNR price rises over CNS, it could be converted back to CNS to yield the profits on an hourly basis. 

In spite of being dual model crypto, CNS has rallied all the way from $0.0001352 to a whopping ATH of $0.001807 within a few days’ time. Accordingly, CNS has rocketed up with gains of 1000% which is impeccable. Also, this rocket surge ATH gains have taken place over a period of about just 1 month. 

Besides, from a low of $0.000104 in the month of September, CNS surged to $0.001807 ATH in October, witnessing gains of 1130%.

Reasons for the Rocket Surge 

Three major reasons owe to be the major factors for the surge of CNS. Accordingly, CNS has partnerships with many entities which have current real-world usage of CNS. CNS is now being used as a prominent payment means with tour firms like Absolute World and Tourvest Travel Services. 

In addition, partnership with Goldgiene and CroxSwap a decentralized cross-chain adds to the surge of CNS.

Another major reason is the investing of $1 billion by Binance upon its BSC DeFi projects. Accordingly, as now CNS is part of the BSC as one of its DeFi projects, this has led to increasing in CNS’s trading volumes too.

Furthermore, CNS has announced officially regarding its future projects and technological upgrades, which all ought to increase the platform’s overall value to even further heights. 

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Infinity8 Recognized as Best NFT Marketplace at Crypto Expo Dubai



Infinity8 Recognized as Best NFT Marketplace at Crypto Expo Dubai

As John Stuart Mill said many years ago, “All the good things that exist are the fruits of originality.” The quote finds its true meaning today. Trends that grow like an avalanche day by day in the global world are dragging people towards mediocrity while enabling them to adapt to certain patterns. NFTs, which have been talked about a lot lately, especially in the art world, are standing out at this point! Because in an ecosystem where originality is rare; Defined as a unique digital asset, NFT offers its buyers a unique and unique asset that is entirely their own. It makes millions to its sellers.

Our journey as  started at the AmfAR gala during the Cannes Film Festival in July with the first-ever NFT drop from renowned artist Sacha Jafri in July. We started with a bang and raised 2 million dollars. Today Sacha Jafri is partnering with us for the future release of 100 crypto angels, each angel representing a different charity. 

We are also collaborating with the incomparable artist Simon Mcnally for a very special drop that will represent his personal journey as an artist.  was founded by the billionaire philanthropist Javed Fiyaz who has been an early investor in the ultra-successful Hut8, the crypto mining company which was listed on the NASDAQ (HUT US).

We’re creative technologists and our mission is simple yet ambitious: to bridge the gap between digital art and fine art. Acting with an innovative, honest, and professional perspective, we have the vision to help users achieving their NFT dreams and making sure all their exchanges happen safely and transparently.

1634537042 36 Infinity8 Recognized as Best NFT Marketplace at Crypto Expo Dubai

Creating an NFT project from the ground up is not an easy accomplishment and our team at  can attest to that. Getting to where we are today involved immense amounts of work and setbacks. Yet through two-sided marketplace challenges like demand and bootstrapping supply, we persevered. At this moment, we are proud to have won the award for the Best NFT Marketplace 2021 and we are so happy to see the fruits of our labor.

Imagine a unique and adorable collection of 8888 AI-generated and “cartoon-like” Happy Hippos. Are you in love already? We definitely are and that’s why we are thrilled to welcome Happy Hippos ( )to our marketplace. It is destined to create a triumphant path to success in the NFT market.

We are planning to start the pre-sale of these adorable Happy Hippos shortly. Our pre-sale price will be 200$ per hippos. The general sale will be open in two weeks at 400$ per hippo. So hurry up and adopt your Hippos!

1634537043 168 Infinity8 Recognized as Best NFT Marketplace at Crypto Expo Dubai

We are also passionate about wildlife conservation and many other issues affecting our planet. For this reason, we will donate part of the proceeds to a wildlife protection charity to help the Hippos in their natural habitat. And for each Happy Hippo purchase, an adoption certificate will be issued to the owner of the NFT.

We are building a global team that can dream big with these brand-new possibilities that  can offer. Are you ready for a new era in Digital Art and cryptocurrency? We are… So, let’s get started!

Company: Infinity Eight DWC-LLC

Address: A2,4th Floor, Dubai South, UAE

Contact: [email protected]

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. TheNewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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TA: Ethereum Eyes Key Upside Break, Why Bulls Could Aim Larger Rally




Ethereum was able to clear the $3,800 resistance zone against the US Dollar. However, ETH price failed to gain strength above $3,900 and it is now consolidating gains.

  • Ethereum started a fresh increase above the $3,750 and $3,800 resistance levels.
  • The price is now trading above $3,800 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could extend its rally if it stays above the $3,800 support zone.

Ethereum Price Gains Traction

Ethereum settled above the $3,650 level to move into a positive zone. ETH started a fresh rally above the $3,750 resistance zone and the 100 hourly simple moving average, similar to bitcoin.

The upward move was such that the price cleared the $3,800 resistance. Ether traded as high as $3,968 before there was a downside correction. The price corrected lower below the $3,800 level. However, the bulls were active near the $3,650 zone.

A low was formed near $3,640 and the price started a fresh increase. The price cleared the $3,800 resistance zone. There was a break above the 50% Fib retracement level of the recent decline from the $3,968 swing high to $3,640 low.

Besides, there was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD. The pair is now trading above $3,800 and the 100 hourly simple moving average.

An immediate resistance on the upside is near the $3,890 level. It is near the 76.4% Fib retracement level of the recent decline from the $3,968 swing high to $3,640 low. The next major resistance is near the $3,910 level, above which the price might start a fresh surge.

Source: ETHUSD on

In the stated case, the price could climb towards the $3,980 level. Any more gains could set the pace for a move towards the $4,120 level in the near term.

Dips Supported in ETH?

If ethereum fails to continue higher above the $3,890 and $3,910 resistance levels, it could start a fresh downside correction. An initial support on the downside is near the $3,820 level.

The first key support is now forming near the $3,800 level and the 100 hourly SMA. If there is a downside break below the $3,800 support, the price could decline further. The next key support is near $3,720.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining pace in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 level.

Major Support Level – $3,800

Major Resistance Level – $3,910

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TA: Bitcoin Gearing For Lift-Off to $65K: Rally Isn’t Over Yet




Bitcoin is gaining pace above the $60,000 zone against the US Dollar. BTC could accelerate higher towards the $65,000 resistance zone in the near term.

  • Bitcoin started a fresh increase and it broke the $60,000 level.
  • The price is now trading above $62,000 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend line with resistance near $60,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue higher towards the $63,500 level in the near term.

Bitcoin Price Gains Momentum

Bitcoin price settled above the $60,000 zone to move further into a bullish territory. BTC even broke the $61,500 and $62,000 resistance levels.

A high was formed near the $62,887. Recently, there was a minor downside correction below the $62,000 pivot zone. The price declined below the $60,000 support level and the 100 hourly simple moving average.

However, downsides were limited below the $58,800 level. A low was formed near $58,888 before the price started a fresh increase. There was a clear break above the $60,000 level and the 100 hourly SMA. The price surpassed the 50% Fib retracement level of the downside correction from the $62,887 swing high to $58,888 low.

There was also a break above a major bearish trend line with resistance near $60,850 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above the 76.5% Fib retracement level of the downside correction from the $62,887 swing high to $58,888 low.

Source: BTCUSD on

On the upside, an initial resistance is near the $62,500 level. The first key resistance is near the $62,850 level. A clear break above the $62,850 resistance could open the doors for more upsides. The next major resistance sits near the $63,500 level, above which the price might surge towards the $65,000 level in the near term.

Dips Limited In BTC?

If bitcoin fails to clear the $62,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $61,200 level.

The first major support is now forming near the $60,000 level (the recent breakout zone) and the 100 hourly SMA. A downside break below the $60,000 level could spark a larger correction.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $61,200, followed by $60,000.

Major Resistance Levels – $62,500, $62,850 and $63,500.

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410,990 SUSHI of $4.85M Transferred Anonymously!



410,990 SUSHI of $4.85M Transferred Anonymously!
  • Whale alert of 410,990 SUSHI tokens transferred anonymously.
  • Sushi is prominently on a dip in recent times.
  • Sushi will spike up soon amidst recent price analysis.

On a day to day basis, getting whale alerts is nothing new. In spite of this, the whale alert for the day corresponds to the SushiSwap (SUSHI). SUSHI tokens of about 410,990 tokens have been transferred anonymously. This transfer amounts to a whopping $4.85 million.

In addition, this whale transfer has taken place on the Ethereum (ETH) blockchain.

On the contrary, this seems to reflect in accordance with the recent price analysis of SUSHI. Statistics show strong bulls on the price of SUSHI throughout the rest of the period for the year 2021. 

SUSHI’s Strong Bulls

Besides, such a whale transfer took place just a few hours back from the time of writing, analysts predict SUSHI’s price will rise.

Moreover, taking the Relative Strength Index (RSI) into account, it indicates that RSI is above the normal. In turn, this indicates that buyers will be plunging into SUSHI in this period. Thereby, the price of SUSHI is expected to surge upwards. 

In addition, analysts predict that SUSHI will surge upto $17.6 for sure within the year’s end. 

SUSHI’s To & Fro

The year of 2021, has quite been harsh upon the SushiSwap platform. Witnessing numerous hacks, particularly upon its Miso platform. In addition, the whitehat rescue incident upon which SushiSwap was actually saved adds the fuel here. 

All this points to the fact that the SushiSwap platform lacks proper security. And so, significantly many holders tarded off their SUSHI a few weeks back. 

However, though the live incidents ows such explanations, those from the statistics point of view are literally different. 

Accordingly, the SushiSwap platform’s new blockchain based technological launches and upgrades which are due this month, will also ought to increase the price of SUSHI too. 

Besides, at present SUSHI is being traded for a price of $11.23, with a 24 hours decline of 4.62%. 

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UniLend Lists on AscendEX



UniLend Lists on AscendEX

AscendEX is excited to announce the UniLend token (UFT) listing under the trading pair UFT/USDT on Oct. 18 at 1 p.m. UTC.

UniLend is a comprehensive permissionless DeFi protocol that combines both spot trading services and lending and borrowing functionality within the same platform. The interest rates and collateralization ratio are based on supply, demand, and community governance, whereas borrowing limits are decided by liquidity in the trading pairs.

Unlike other DeFi protocols, which only support a limited number of assets, UniLend allows for any asset to list on its platform, ultimately creating immense market opportunity not only for the assets but also for the decentralized and permissionless UniLend platform. Furthermore, UniLend plans to bridge the gap many tokens face before the DeFi ecosystem by enabling any ERC20 token to be utilized as collateral for lending and borrowing, whilst also providing trading flexibility for users operating within the UniLend platform.

Another unique feature of UniLend is its ability to feature the coexistence of trading and DeFi capabilities within one protocol. By doing so, the protocol is helping solve the liquidity and liquidation issue currently limiting the growth of widespread DeFi adoption. Users of UniLend are also able to create a spot trading pair and separate money markets for any token, further enabling DeFi participants to create their own lending and risk management strategies for lending, borrowing, and spot trading.

The native digital, the cryptographically-secured utility token of the UniLend platform, UniLend Finance Token (UFT) is a transferable, non-refundable, representation of attributed functions specified in the protocol and code of the UniLend platform. UFT will serve as the native governance token of the UniLend platform and also see used as the core medium of convenient and secure exchange between platform participants. UniLend’s introduction of UFT provides multiple use cases for community governance, platform utility, and product integration within the broader ecosystem. UFT also incentivises participants to contribute to and maintain the UniLend platform through economic rewards, continually encouraging the core aspects of decentralization and participation within the UniLend ecosystem. 

Through creating an inclusive environment for all digital assets to participate in the DeFi ecosystem, including the $29.75B worth of assets currently excluded from DeFi, UniLend is truly creating a new niche in the marketplace that has been neglected and untapped until now. AscendEX is proud to continue its support for the growth of the DeFi ecosystem by listing projects such as UniLend.

About AscendEX

AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions. AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum.

AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit

For more information and updates, please visit:





About UniLend

UniLend is a comprehensive permissionless DeFi protocol that combines spot trading services and lending/borrowing functionality within the same platform. The interest rates and collateralization ratio are based on supply, demand, and community governance. Borrowing limits are decided by liquidity in the trading pairs.

For more information and updates, please visit:





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254 New Whales Pour Into Buying Bitcoin (BTC)



254 New Whales Pour Into Buying Bitcoin (BTC)
  • BTC may soon reach a new ATH within this year.
  • Overall buying of BTC is on the rise.
  • 254 new whale buyers into BTC since September.

The king of the cryptos, the Bitcoin (BTC), sets a new record now. Nothing yet upon its ATH though! Now the entire BTC network has so far crossed more than 400 buyers. In spite of this, many are not just ordinary one or two BTCs, but buying in huge whales. It’s evident that there are numerous factors for such a drastic increase in the buying of BTCs. 

254 New Whale Buyers for BTC

All the crypto enthusiasts, investors and all upon the crypto industry know very well that the entire crypto market surfaced back by the month of September. This is after a period of heavy downfall and market crash of almost 3 months. 

In spite of this, since September BTC started to rise steadily. Moreover, BTC started to gain momentum in August, but a profuse and steady rise started from September. 

Also, by the first week of September, BTC once again touched the $50K mark. Ever since then, it has been around the $50K mark standardly. In addition, following the same trend, by the first week of October, BTC crossed $60K.

Accordingly, it is highly evident that BTC will be reaching a completely  new level of all-time-high (ATH) very soon. And so, many investors and firms started to gather up as much as BTCs they could.

As a result, since last month about 254 whale buyers were on the BTC network. In addition, all these 254 whale buyers amounted to 100 to 1000 BTCs profusely. 

BTC ETF’s Effects

Besides, another major reason for such a rise is the launch of the Exchange Traded Fund (ETF) for BTCs.

 In spite of this, many depict that once a BTC ETF is launched, the price of BTC will explode to a completely unimaginable ATH.

Many investors predict that BTC ETF will revolutionize the BTC network even more, with extreme investments pouring in. This statistically ought to spike the prices of BTC up like anything.  

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