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Cryptocurrency analyst Crypto Gains highlights Pepe Unchained, a recent entrant in the meme coin market that has already surpassed $500,000… Continue reading Is PEPU The Next Big Meme Coin – Pepe Unchained Layer 2 ICO Raises $500k
The post Is PEPU The Next Big Meme Coin – Pepe Unchained Layer 2 ICO Raises $500k appeared first on ReadWrite.

Cryptocurrency analyst Crypto Gains highlights Pepe Unchained, a recent entrant in the meme coin market that has already surpassed $500,000 in presales.

This ambitious project aims to innovate within the space by leveraging its own Layer 2 blockchain technology. The unique approach promises faster transaction speeds, lower fees, and a dedicated ecosystem specifically designed for meme-based applications.

Notably, Pepe Unchained carves a unique path by centering itself around the iconic Pepe meme, thus distinguishing itself from the prevalent dog-themed tokens like those seen with DogeChain and Shiba Inu’s Shibarium.

Pepe Unchained: A Layer 2 meme coin with huge potential

Pepe Unchained is a Layer 2 meme blockchain that promises enhanced speed, lower transaction fees, and greater volume capacity compared to Ethereum.

Inspired by successful meme projects like Dogechain and Shibarium, Pepe Unchained aims to build a robust ecosystem around the beloved Pepe meme.

This innovative blockchain offers instant bridging for seamless transitions between Ethereum and Pepe Chain, significantly lower transaction fees, and the ability to handle volumes at speeds up to 100 times faster than Ethereum.

Additionally, it features a dedicated block explorer for tracking transactions and activities on the network.

Currently in its presale phase, Pepe Unchained has raised over $530,000, providing early investors with the opportunity to buy and stake $PEPU tokens, the native currency of the ecosystem.

We did it! $500K raised! ?

This milestone marks just the beginning. Big things are coming for Pepe’s own blockchain! ?? pic.twitter.com/ZylbjL2Kjq

— Pepe Unchained (@pepe_unchained) June 24, 2024

With investments starting at $25, $50, or $100, participants can secure early positions and potentially see substantial long-term gains as the project develops.

PEPU token’s role in the future of DeFi and NFTs

Staking $PEPU tokens allows users to earn passive rewards, with an estimated annual reward rate currently at an impressive 4586% per year. This high rate is expected to decrease as more people join the staking pool, making the early phase a unique opportunity to maximize returns.

The total supply of $PEPU tokens is allocated as follows: 20% for presale, 30% for staking, 20% for marketing, 10% for liquidity, 10% for project finance, and 10% for chain inventory.

Pepe Unchained aims to create a comprehensive blockchain ecosystem, moving beyond its origins as a meme coin. The platform will support new NFTs, memes, games, and DeFi projects, all powered by the $PEPU token.

This initiative could herald a new golden age for meme coins. With a dedicated community of 2,300 followers on X, Pepe Unchained is in its early stages but shows significant growth potential.

The roadmap includes ambitious plans to further develop Layer 2 technology and expand the ecosystem, making it an exciting project to watch. Investors can participate in the presale using Ethereum, USDT, or BNB by connecting their wallets, such as Metamask.

The staking platform, though new, offers impressive annual rewards that are expected to decline as the pool grows. To take part in the $PEPU token presale, visit pepeunchained.com.

Conclusion

Pepe Unchained stirs the pot in the meme coin market with its focus on Layer 2 blockchain technology. This innovative approach tackles the limitations plaguing meme coins, potentially making Pepe Unchained a serious contender.

While the cultural significance of Pepe the Frog can’t be ignored, investors, beginners or veterans alike, should carefully consider this project’s potential alongside established meme coins when making portfolio diversification decisions.

Related

Pepe Unchained: The Meme Coin Market is Gearing Up For Another Thrilling Bull Run
New Crypto Presale Pepe Unchained Goes Live – What Is PEPU Meme Token

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In the United Kingdom, a fourth Conservative Party delegate is being investigated after bets were allegedly placed on the date… Continue reading 4 officials from UK Conservative Party investigating over election betting
The post 4 officials from UK Conservative Party investigating over election betting appeared first on ReadWrite.

In the United Kingdom, a fourth Conservative Party delegate is being investigated after bets were allegedly placed on the date of the upcoming general election. 

The Gambling Commission is looking into the matter after a newspaper report stated the party’s chief data officer Nick Mason had allegedly placed scores of bets with the potential to have generated winnings of thousands of pounds. 

Mason, who is also a local councilor in the county of Herefordshire, has taken leave of absence from his senior role in the party, less than two weeks before the electorate has their say in the polling booth.

The latest revelation in this scandal increases the pressure on beleaguered incumbent Prime Minister Rishi Sunak who is leading his party into the election on July 4 against a tide of mounting strife. 

A comment from the Conservative Party said it was “not permitted to discuss any matters related” to the Gambling Commission probe, while a spokesman for Mr. Mason told the BBC it would not be appropriate to speak during the investigation but he has denied any wrongdoing. 

Background to the election betting scandal

Two weeks ago it was revealed that Craig Williams, a close associate and parliamentary aide of the Prime Minister, was under the spotlight for placing a £100 bet on a July election, three days before Sunak announced the snap poll. 

Williams intimated he “put a flutter on the general election some weeks ago”, followed by a confession the next day that he had made a “huge error of judgment”.

He is due to be a candidate for the party in the July 4 national vote, which was previously considered to be at risk of influence from AI ‘deepfakes’.

Since then, a further four people have triggered action by the gambling industry watchdog, including a London police officer attached to Sunak’s security brief.

Conservative Party candidate for the Bristol North West constituency, Laura Saunders, her partner Tony Lee who is also the party’s campaigns director, Nick Mason, and the policeman have been identified. 

The officer is facing immediate action, having been arrested on suspicion of misconduct in office, over the alleged bets. He is thought to be a member of the Metropolitan Police force Royalty and Specialist Protection (RaSP) Command, which is tasked with the safety of the British Royal Family and political figures.

Image credit: Joanna Zdunczyk/Pexels

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Remembrances in Elden Ring are an important aspect of the game since they essentially provide you with boss gear and… Continue reading How to duplicate Elden Ring: Shadow of the Erdtree Remembrances
The post How to duplicate Elden Ring: Shadow of the Erdtree Remembrances appeared first on ReadWrite.

Remembrances in Elden Ring are an important aspect of the game since they essentially provide you with boss gear and spells that you wouldn’t have been able to get otherwise.

Shadow of the Erdtree brings new bosses, thus new Remembrances to acquire, but there’s an additional way to duplicate them compared to the base game.

Here, we’ll take you through the steps for how to duplicate Shadow of the Erdtree Remembrances, so you can pick up all of that sweet loot.

How to duplicate Shadow of the Erdtree Remembrances

So, you can duplicate new Remembrances the same way as before – via locating and using a Wandering Mausoleum in The Lands Between map. However, these can only be used once, and if you’ve already done some Remembrance duplication, you may have burned your way through all seven that are in the base game.

In the Land of Shadow though, FromSoftware has added another method for Remembrance duplication – Stone Coffins.

There are three Stone Coffins that can be used, and look just like the ones that are in the aforementioned Wandering Mausoleums.

One can be found behind the Scadu Altus Cathedral Of Manus Metyr, the second is in the Finger Ruins Of Rhia, and the last is in the Finger Ruins Of Dheo.

You use these Coffins just as you would do in the main game and again, these can only be used once, so keep that in mind before simply splurging on the first Remembrance you get in the DLC.

One thing to note here is that if you don’t really like the look of any of the new Shadow of the Erdtree Remembrances, you can still use these new Stone Coffins on the base game ones too which is useful if you made a mistake before and wanted to unlock a different bit of boss gear.

Other Elden Ring: Shadow of the Erdtree pages you might like:

How to get the Backhand Blade
Shadow of the Erdtree Boss List
Who is the Shadow of the Erdtree Final Boss?
Best Interactive Map for Shadow of the Erdtree
How to get Scadutree Fragments
Shadow of the Erdtree leveling system explained
How to access Shadow of the Erdtree DLC
How to find the Blade of Mercy Talisman

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Ah, the Commodore 64. A computer from a more innocent time when games were games and typing in a 1,000-line… Continue reading Move over Android and iOS, these guys got Google Maps running on a Commodore 64
The post Move over Android and iOS, these guys got Google Maps running on a Commodore 64 appeared first on ReadWrite.

Ah, the Commodore 64. A computer from a more innocent time when games were games and typing in a 1,000-line listing from a magazine wouldn’t be seen as absolute insanity.

Let’s start off with a history lesson. The C64 was released in August 1982. Google Maps was first launched in February 2005, almost a quarter of a century later. Now imagine you were somebody who thought – ‘I wonder if I can get Google Maps to work on my Commodore 64’

Well fear not because that is what some intrepid C64 fans set out to do, and as you can see in the video, you too could technically do it if you have a working C64 lying around (I do as it happens but that speaks volumes about me perhaps.

Using a WiC64 module which, using some modern–day magic, can get your Commodore 64 hooked up to the internet via wifi and then making a C64 kernel with the WiC64 software on it, your aging breadbin can then access a host of online services through the included software that acts as a portal to several online internet services including Google Maps and Google Street View.

Now I come from a pre-internet era of BBSs and modems as well so this is all familiar stuff to me but even so, connecting hardware that pre-dates the internet to the internet is not a straightforward task.

Now obviously, with the graphics capabilities of old 8-bit computers being a fraction less capable than the 4090 you may be currently rocking, there is only so much the machine can do. You won’t be using this to plan any routes but as a project, it’s a pretty fun one.

You can see the video of everything in action and skip through to around the 24-minute mark for Google Maps with Street View soon after.

The ability of these old machines to perform modern tasks (albeit to an ancient standard) never ceases to amaze and the guys who were developing the code and the chips back in the late 1970s could never have dreamed what they would ultimately be capable of.

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Apple and Meta are in talks over a possible partnership to enhance Apple’s artificial intelligence (AI) capabilities. Apple Intelligence, the… Continue reading We may see an Apple and Meta partnership over AI
The post We may see an Apple and Meta partnership over AI appeared first on ReadWrite.

Apple and Meta are in talks over a possible partnership to enhance Apple’s artificial intelligence (AI) capabilities.

Apple Intelligence, the iPhone maker’s first step into the world of AI, was announced at WWDC 24, Apple’s annual developer conference. It also announced that to offer expanded AI options to iPhone users, it would be partnering with OpenAI to integrate ChatGPT into its devices.

According to a report by The Wall Street Journal, Apple is now in talks with Meta – the parent company of Facebook and Instagram – to bring the social media giant’s generative AI to its devices alongside OpenAI’s. Meta’s large language model (LLM) Llama 3 was made to compete with ChatGPT’s OpenAI and is a well-regarded generative AI tool.

Speaking at WWDC, senior vice president of Apple Software Craig Federighi said that partnering with multiple AI companies would make sense for Apple because they expect customers to want access to different AI tools for different tasks. “People are going to want to draw on that kind of expertise that might not be part of our core,” he said.

Apple and Meta AI – who’s paying who?

While talks between Meta and Apple are ongoing and no contracts have been signed yet, we can assume that a similar deal will be struck that Apple has made with OpenAI. That is to say, no one will pay anyone for the partnership.

Apple gets to offer its customers top-of-the-industry AI tools, and OpenAI gets to put its name and tools in front of the millions of iPhone users across the world. While there will be a free version offered to Apple’s customers, they will also be able to sign up for an OpenAI subscription to access premium versions of ChatGPT. Apple would then receive a cut of these transactions.

Apple analyst Gene Munster expects ChatGPT usage to double after the launch of the Apple integration, and estimates in The WSJ that approximately 10-20% of Apple customers will sign up to a paid tier of ChatGPT. “Distribution is hard to get,” Munster said. “The beauty of what Apple has built is that you’ve got this engaged distribution at scale.”

Meta is undoubtedly looking to change the balance of the numbers somewhat, hoping that some of those potential OpenAI paid subscribers become Llama 3 paid subscribers instead.

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In Shadow of the Erdtree, there are a bunch of new items to locate that’ll aid you throughout the Realm… Continue reading How to get Golden Braid Talisman in Elden Ring: Shadow of the Erdtree
The post How to get Golden Braid Talisman in Elden Ring: Shadow of the Erdtree appeared first on ReadWrite.

In Shadow of the Erdtree, there are a bunch of new items to locate that’ll aid you throughout the Realm of Shadow.

The Golden Braid is certainly one of these since it boosts holy damage negation by the utmost, with some suggesting that it might be one of the best Talisman to use for the DLC’s final boss.

Below, we’ll reveal exactly where to find the Golden Braid Talisman in Elden Ring so you can boost your holy damage negation and get to defeating those bosses who are strong in that area.

Where to find Golden Braid Talisman in Elden Ring: Shadow of the Erdtree

The Golden Braid Talisman is certainly hidden in Shadow of the Erdtree, and you will have to progress quite a lot through the DLC in order to get it.

That’s because you will have needed to unlock a part of the northeast section of the map called Scaduview, requiring some prerequisites and the use of a gesture.

Tackling the gesture first, this will need to be picked up at Bonny Village, directly east of the Moorth Ruins region.

Once at Bonny Village, head to the top of the area and the O Mother gesture can be picked up from a kneeling, headless figure.

With the gesture equipped, you’ll now need to progress all the way through the Shadow Keep area. Using Moorth Ruins as a starting point, just head directly north and you’ll eventually reach it.

Shadow Keep is a little bit like a maze, but you will be able to find the path using the intricate beams and ladders.

Once you make it outside and down the appropriate elevators, you’ll be met with an opening to what looks like a large field. Here, you’ll find the Shadow Keep, Back Gate Site of Grace, which we suggest you rest at.

Out in the field is the boss Commander Gaius so don’t exit there unless you want to fight him. Instead, do a 90 degree turn and enter the room to your right.

At the end of the room will be a statue and a Scadutree Fragment you can collect.

After collecting this, use the O Mother gesture at that same statue and a secret path behind the statue will be revealed, opening Scaduview.

Make your way through the field of flowers, close to Shaman Village, and look out for a large tree, in its trunk will be a small statue and what you came here for – the Golden Braid Talisman.

Other Elden Ring: Shadow of the Erdtree pages you might like:

How to get the Backhand Blade
Shadow of the Erdtree Boss List
Who is the Shadow of the Erdtree Final Boss?
Best Interactive Map for Shadow of the Erdtree
How to get Scadutree Fragments
Shadow of the Erdtree leveling system explained
How to access Shadow of the Erdtree DLC
How to find the Blade of Mercy Talisman

The post How to get Golden Braid Talisman in Elden Ring: Shadow of the Erdtree appeared first on ReadWrite.

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With July just around the corner, smart traders and big investors are setting their sights on three meme coins with… Continue reading Top 3 Crypto Gems with 100x Gains Potential – $PEPU, $CHUANPU, and $PLAY
The post Top 3 Crypto Gems with 100x Gains Potential – $PEPU, $CHUANPU, and $PLAY appeared first on ReadWrite.

With July just around the corner, smart traders and big investors are setting their sights on three meme coins with high potential: Pepe Unchained, Chuan Pu, and PlayDoge.

Before we explore these three potential opportunities, let’s first navigate through a week of corrections in the crypto market.

This week, the cryptocurrency market has experienced significant ups and downs, creating challenges and opportunities for various altcoins and meme coins.

Many tokens have dropped in value by 20% to 40%, causing charts to turn red and stirring emotions among individual investors who are considering what lies ahead for these markets.

To navigate these uncertain times, it’s important to stay calm and stick to basic investment principles in crypto. While recent declines may worry some, it’s crucial to see down days in a growing market as chances to possibly buy at lower prices rather than setbacks.

These dips can provide chances to strategically lower average entry prices through dollar-cost averaging, a method favored by seasoned investors to accumulate positions over time. Looking ahead, cautious optimism prevails as we approach the latter part of the year and early 2025.

The “ber months” historically exhibit strength in crypto markets, though past performance does not guarantee future results, this trend remains noteworthy for those shaping their investment strategies.

Recently, market sentiment has shifted, with the Fear and Greed Index for crypto indicating a move from extreme greed to possibly more cautious feelings in the coming weeks. This shift suggests adjusted investor expectations that could influence short-term market movements.

Amidst these fluctuations, discussions about potential high-growth opportunities persist. Cryptocurrencies are renowned for their explosive growth potential, with some assets achieving gains of 10x, 100x, or more.

While such returns are never guaranteed, they highlight the speculative appeal of this market. In this context, let’s explore three cryptocurrencies that are gaining attention for their potential to provide substantial returns:

Pepe Unchained (PEPU)

A new meme coin is getting a lot of attention. Meet Pepe Unchained (PEPU), the layer-2 meme coin currently in its presale phase. Since it launched last week, the presale has already raised over $500,000.

The project centers around an exciting theme: the original Pepe mascot breaking free from confinement in its old Layer 1 server room. Known as the “giga brain plan,” Pepe successfully moves from its previous chain to an improved Layer 2 solution.

Using its Layer 2 technology, the project keeps the essence of Pepe while allowing faster and cheaper transactions. Pepe Unchained is the first Pepe-themed token with its own dedicated blockchain.

The project includes a dedicated block explorer and promises easy bridging between ETH and the Pepe Chain. Its native token $PEPU is gaining attention in the meme coin community due to its connection with Pepe and unique features.

Investors are eager to buy $PEPU tokens since the presale started. Social media buzz suggests this rush may be due to the high staking rewards offered to presale participants, currently offering over a 4,500% annual return.

Pepe Unchained brings back Pepe and creates a robust ecosystem. It allocates 8 billion tokens as follows: 10% each for liquidity, project finance, and chain inventory; 20% each for presale and marketing. Staking gets the largest share (30%) for yield farming with $PEPU tokens.

Currently, $PEPU tokens are priced at $0.008032 and are expected to rise soon. With new meme coins launching daily, it’s challenging to identify those with potential for significant value increases, such as 10x or 100x. A wise strategy is to gauge early interest and demand for the project.

For updates and more details, follow the project on its official social media channels like X or Telegram. To take part in the $PEPU token presale, visit pepeunchained.com.

Chuan Pu (CHUANPU)

In a fast-paced market full of ambitious goals and intricate documents, a new project has stood out for its unique idea. Called Chuan Pu and nicknamed the “Chinese Donald Trump,” this meme coin has attracted significant attention despite keeping a low profile.

Chuan Pu has achieved an $18.1 million market cap and $1.78 million in trading volume, mainly through word-of-mouth and its innovative concept. Early investors have seen gains exceeding 40000%.

However, today saw a sudden downturn. Currently, the CHUANPU token trades at $0.0061, marking a 14% drop in the past 24 hours. With over 2,500 holders and $200,000 in liquidity, there’s still potential for further organic growth.

Predicting meme coin price movements is challenging due to their volatility. Some experts predict Chuan Pu could reach market caps of $100 million or even $1 billion by attracting meme coin investors, while others warn of potential declines due to waning interest or negative sentiment.

Nevertheless, its quiet rise has piqued the interest of investors seeking the next viral sensation in the meme coin world, where hype often dictates success. Recently, Chuan Pu held a meme contest, details of which were shared on their X account.

CHUANPU Meme Contest:

Create a funny meme about ChaunPu
Post it in the comments with hashtag #CHUANPU
Follow us & @ChaunPuSupreme
Like, RT & Tag 2 friends

? Prize pool:
1st – 1 SOL
2nd – 0.6 SOL
3rd – 0.4 SOL

⏰ Timeline:
End: 12:00 UTC, June 26, 2024

— Chuan Pu (Parody) (@ChuanPuSupreme) June 23, 2024

In a market where digital assets can soar or plunge based on community sentiment, Chuan Pu’s journey exemplifies the impact of memes, speculation, and the human desire to be part of the next big thing.

PlayDoge (PLAY)

PlayDoge’s success in its presale stems from its P2E meme coin narrative. Investors are drawn to its 8-bit doge mascot, appealing to meme coin enthusiasts, while its P2E utility attracts more cautious investors.

These two aspects create both speculative and stable demand. At its core, PlayDoge is a game inspired by Tamagotchi, the 1990s sensation that sold over 82 million units by letting users care for virtual pets to keep them happy and healthy.

PlayDoge improves upon this concept with upgraded 8-bit graphics, touchscreen controls, and cryptocurrency rewards. Players earn XP by interacting with their pets and playing mini-games, climbing the leaderboard to earn more $PLAY tokens.

These tokens can be cashed out, used for in-game purchases, or staked for rewards. This utility aligns $PLAY token demand with platform popularity, leveraging a token economy that appeals to investors discovering the benefits of P2E gaming.

Investors are flocking to PlayDoge’s presale, which has raised over $5 million. $PLAY tokens are available on BNB Smart Chain and Ethereum networks, with the presale price currently at $0.00512, set to increase periodically.

Staking rewards are particularly attractive, offering up to 133% APY initially, though this rate may adjust as more tokens are staked. Over 140 million $PLAY tokens have been staked, reflecting strong community interest.

Join the PlayDoge presale early to capitalize on this emerging P2E opportunity. Stay updated by joining their Telegram or following the project on X. To take part in the $PLAY token presale, visit playdoge.io.

Related

3 Meme Coins with Potential for 10x Returns – $CHUANPU, $TURBO, and $PLAY
New Crypto Presale Pepe Unchained Goes Live – What Is PEPU Meme Token

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Diablo IV’s fifth season of post-launch content will bring aboard a roguelite mode tasking players with cutting down hordes of… Continue reading Diablo IV’s fifth season brings in roguelite ‘Infernal Hordes’ mode
The post Diablo IV’s fifth season brings in roguelite ‘Infernal Hordes’ mode appeared first on ReadWrite.

Diablo IV’s fifth season of post-launch content will bring aboard a roguelite mode tasking players with cutting down hordes of enemies before taking on tougher foes for bigger spoils.

The mode is called Infernal Hordes, Canonically speaking, players are entering the Realm of Hatred by using an Infernal Compass, which are items dropped by endgame boss-level characters and found in the Nightmare Dungeon, Whispers, and Helltide events.

These Infernal Compasses span eight tiers of difficulty, and start at five waves of enemies for the first three tiers, capped at 10 waves for tier 8. The tiering system also increases the starting difficulty of monsters — but also the potency of rewards received.

The horde waves last 90 seconds each, and they all pay off in Burning Aether, which players can use to buy up better gear to prepare for the next stage of an Infernal run. Each stage will include an “Infernal Offer” that offer different rewards. Of course, the better the reward, the harder the difficulty.

Defeating all of the waves leads the player into the Well of Hatred to battle the Fell Council, a series of minibosses chosen at random. Wipe them out, and you get Burning Aether to spend on Spoils of Hell — equipment, material, gold, or better gear.

Infernal Hordes begins on Diablo IV’s public test realm on Tuesday, June 25, and will run until July 2, for those wishing to test out the idea. After that, it won’t be available again until season 5 goes live. That hasn’t been officially announced, but season 4 ends in early August, so it will probably be around that time.

Blizzard has much more about Infernal Hordes and other changes coming in its patch notes for the season 5 public test realm.

When does Diablo IV Season 5 begin?

Diablo IV launched in June 2023 for PlayStation 4, PlayStation 5, Windows PC, Xbox One, and Xbox Series X. The game’s first full expansion, Vessel of Hatred, was announced two weeks ago during the Xbox Game Showcase. That will launch Oct. 8, and it’ll cost $39.99 (with two special editions costing more). Season 6 of Diablo IV is expected to launch on the same day as Vessel of Hatred.

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F124 has rapidly improved from its launch version. Patch 1.5 has just arrived and fair play to Codemasters for getting… Continue reading F124 patch brings your Ferrari up to date and fixes a host of annoying bugs that still remained
The post F124 patch brings your Ferrari up to date and fixes a host of annoying bugs that still remained appeared first on ReadWrite.

F124 has rapidly improved from its launch version. Patch 1.5 has just arrived and fair play to Codemasters for getting five patches pushed so quickly addressing the majority of the game’s issues.

This patch also brings some updated skins for Ferrari with the cars and drives now sporting the HP branding.

An irritating bug that prevents the game from continuing from the starting grid has been fixed up, meaning all races should now start as planned and the devs have even been working on Turn 13 at Catalunya as there was an erroneous bump on the track that was causing a bit of havoc.

No more. The rollers have been out.

The patch is a big one and you can read the full patch notes at your leisure, but here are the main highlights of what has changed and what you can expect to have been fixed.

F124 Patch 1.5 highlights

Updated the Scuderia Ferrari HP name, vehicle livery, and driver suit
AI will now use ERS more effectively to encourage overtaking and building gaps between one another
Fixed an issue which could cause the game to stop on the starting grid and not advance to the race
Flattened out a bump in the track surface at Catalunya Turn 13
Changed the UI color for Haas & Visa Cash App RB for easier identification
Slightly increased the amount of brake pressure needed before ERS stops deploying to help people with controller or pedal problems
Fixed a rare crash that could occur when entering the Player Hub from the Main Menu
In Multiplayer races, vehicles that crash heavily into barriers will behave more realistically when viewed by other players
Fixed a rare issue which could prevent the player from using Engineer commands during a number of sessions
All cars will now use the legally correct tire compounds in Sprint Qualifying 1 & 2
Improvements have been made to make simulated AI times more consistent with their on-track times
DRS markers have been adjusted to the correct locations at Spa and Melbourne

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Japanese investment firm Metaplanet is planning to sell one billion yen in bonds to buy Bitcoin, as part of its… Continue reading Japanese investment firm Metaplanet to sell $6m of bonds to buy Bitcoin
The post Japanese investment firm Metaplanet to sell $6m of bonds to buy Bitcoin appeared first on ReadWrite.

Japanese investment firm Metaplanet is planning to sell one billion yen in bonds to buy Bitcoin, as part of its long-term strategy.

The move, which was approved by the company’s board of directors today (June 24), forms part of their stated goals to increase cryptocurrency holdings for long-term investments.

The billion yen (approximately $6.3 million USD) would allow Metaplanet to purchase almost 100 Bitcoin, increasing its holdings from 141.0.7 to around 241 BTC.

According to a document posted on X by the Tokyo-based company, the bonds are set to be issued on June 26. They will offer an annual interest rate of 0.5% and mature on June 25, 2025.

A further document states that the bond sale is specifically to fund the purchase of Bitcoin. “The funds for this purchase will be allocated from the capital raised through the issuance of the second series of ordinary bonds (with guarantees), as disclosed separately today.”

This announcement has caused a boost to Metaplanet’s stock prices, which saw an 11.5% surge to 96 yen ($0.60). The company’s stock performance this year reflects this surge – the price of Metaplanet stocks has increased over 500% since the start of 2024.

Why is Metaplanet doing this now?

Even though some projections have Bitcoin increasing to as much as $100k before the end of June 2024, it is currently on a downward trend (caused in part by political uncertainty in the EU). It has fallen by 2.6% in the past day, reaching a 40-day low of $62,733.

Savvy investment advice tells us that purchasing a commodity when it is in a short-term slump, amidst predictions that it will soon soar past the previous high of $72,000, is a smart plan, and the surge on Metaplanet’s stock prices certainly suggests that investors agree.

Metaplanet intends to use a “Bitcoin-first” treasury strategy to combat a difficult economic situation in Japan, which is facing a weakened yen and frequent negative real interest rates.

Featured image credit: Generated with Ideogram

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