Alfa Romeo Racing Teams Up with Crypto Casino in $100M Deal

• The Alfa Romeo Racing team has secured a $100 million sponsorship from the crypto casino
• This marks one of the first and biggest sponsorships after the disastrous collapse of FTX exchange.
• The renewed optimism in the crypto markets has led to an increased interest in crypto-related sponsorships.

The crypto industry has experienced a major resurgence in 2021, with Bitcoin rallying up around 40% year-to-date. This resurgence has been reflected in the increasing number of crypto-related sponsorships and partnerships, as evidenced by the $100 million sponsorship agreement between the Alfa Romeo Racing team and the crypto casino

This move marks one of the first and biggest sponsorships since the catastrophic collapse of FTX exchange which had become renowned for its high-level and wide-reaching sponsorships. As part of the partnership agreement, the racing team will now be known as the ‘Alfa Romeo F1 Team Stake’ and will be looking to build on its already impressive fan engagement through brand integration and activation.

The crypto casino has a history of high-value partnerships, previously sponsoring the football team Everon and collaborating with the rapper Drake for a Bitcoin giveaway. The latest move, however, is a clear indication that the cryptocurrency industry is returning to its former glory, with more and more companies looking to capitalize on its potential.

Along with the sponsorship agreement, the renewed optimism in the markets has been further bolstered by on-chain data which suggests that the worst may be over. This has been reflected in the increasing number of institutional investors entering the space, further driving up the prices of digital assets.

The sponsorship agreement between and the Alfa Romeo Racing team is undoubtedly a sign of the times and signals a bright future for the cryptocurrency industry. With more and more sponsorships being announced in the coming months, it looks like the bear market is finally over and the crypto industry is set to continue its exponential growth.

Shiba Inu Price Up 20% This Week – Ethereum Whales Take Notice

• Shiba Inu price has seen 20% gains this week, reaching highs of $0.00001291.
• Ethereum whales have been zeroing in on SHIB, as Shiba Inu price builds momentum for the next breakout.
• Despite the spike in activities among the whales, the velocity of funds flowing into Shiba Inu markets is slowing down.

This week, Shiba Inu (SHIB) has seen remarkable gains of 20%, reaching new 2023 highs of $0.00001291. The second-most popular meme coin has slowed down its aggressive push from support at $0.000008, and currently trades at $0.00001140. If investors continue to cash out for profit, Shiba Inu may be forced to seek refuge at $0.00001050 ahead of another potentially massive rally to $0.000014 and $0.000018, respectively in the coming week.

Ethereum whales have been zeroing in on SHIB, as Shiba Inu price builds momentum for the next breakout. According to WhaleStats, a platform tracking crypto whales, Shiba Inu toppled Curve DAO (CRV) from the top position, implying that interest in the meme coin is growing. WhaleStats data revealed that Shiba Inu was one of the most used smart contracts among the top 100 Ethereum whales over 24 hours. Hashflow (HFT) emerged top in this category, above Numeraire (NMR), SHIB, Chiliz (CHZ), and Boba Network (BOBA).

Despite the spike in activities among the whales, the velocity of funds flowing into Shiba Inu markets is slowing down. The 15th largest crypto, boating $6.7 billion in market cap, tested but failed to break above resistance at the 200-day Exponential Moving Average (EMA) (in purple) at $0.00001182. Bulls tried their best to make their way through the seller congestion zone, reinforced by the red band, but only managed a long candle wick.

The Money Flow Index (MFI) indicator starting to trend downwards, which could be a sign that buyers are pausing to take profits. However, the Relative Strength Index (RSI) remains in the overbought region, as the coin’s price continues to move higher. This implies that buyers are still in control, and could keep pushing the price higher.

The general consensus is that Shiba Inu is still a good coin to buy, as long as investors are aware of the risks associated with meme coins. With the right strategy and risk management, investors can maximize their profits and take advantage of the bullish momentum.

AhnLab Launches ABC Crypto Wallet with Unique Secure MPC Technology

• South Korean software giant AhnLab released a crypto wallet, ABC, for Android and iOS devices.
• The wallet includes security features such as crypto threat and fraud alerts, as well as “Secure MPC” private key technology.
• AhnLab is one of many South Korean firms to enter the crypto space in recent years.

South Korean software giant AhnLab has unveiled its very own crypto wallet, ABC, for Android and iOS devices. The wallet is the latest venture of the tech entrepreneur and presidential candidate Ahn Chul-soo, and is part of his company’s dedicated subsidiary, AhnLab Blockchain Company.

This move follows a recent trend among South Korean tech firms to move into the crypto space, as more and more businesses explore the potential of blockchain technology. However, AhnLab has made sure to build in some unique security features to the wallet.

The wallet includes a range of security features such as crypto threat and fraud alerts, which are collected by AhnLab and its partners. Moreover, ABC also provides “warning” notifications when users attempt to interact with “risky wallet addresses”. One of the most unique features of the wallet, however, is the “Secure MPC” private key technology.

Instead of using a conventional private key, the ABC Wallet gives users three “key shares”. Two of these three must be used in combination to activate signature and recovery functions on the wallet. This makes it much harder for hackers and voice phishing criminals to access the wallet.

The release of AhnLab’s ABC wallet comes at an interesting time in South Korea’s crypto landscape. The country’s government has made it clear that they are open to exploring the potential of blockchain technology, while at the same time imposing a number of regulations on the sector.

AhnLab’s move into this space is also likely to be seen as a positive step. Ahn Chul-soo has expressed his support for the world of crypto in the past – and has been vocal about the potential for blockchain technology to revolutionise the economy.

It remains to be seen whether AhnLab’s ABC wallet will be able to stand out from the competition. However, with its unique security features and the backing of one of South Korea’s biggest tech entrepreneurs, it is sure to be an interesting addition to the crypto landscape.

Phishing Attack Steals Nearly $200,000 Worth of NFTs from RTFKT COO

• RTFKT COO Nikhil Gopalani has been hacked and nearly $200,000 worth of NFTs have been stolen from his wallet.
• The attack appears to be a phishing scheme, with most of the stolen NFTs coming from the Clone X collection.
• RTFKT CTO Samuel Cardillo said that companies such as Microsoft and Apple will never ask for passwords or private keys via phone or emails.

Nikhil Gopalani, the Chief Operating Officer of RTFKT, an NFT brand, has recently been the victim of a highly sophisticated phishing attack that saw him lose nearly $200,000 worth of NFTs.

According to Gopalani’s Tuesday tweet, his collection of NFTs, which included items from the Clone X collection, were stolen by a scammer in what appears to be a phishing attack. OpenSea data shows that two wallets linked to the attacker have stolen 19 CloneX NFTs worth over $138,000 combined, 18 RTKFT Space Pods (over $6,300 total), 17 Loot Pods ($6,200), 11 CryptoKicks ($3,000), 19 RTFKT Animus Eggs ($20,200), and more from Gopalani’s wallet.

In response to the attack, RTFKT CTO Samuel Cardillo said in a statement that they cannot go into details for “legal purposes.” He also warned users to be aware of phishing scams and that companies such as Microsoft, Apple, and others will never ask for passwords, private keys, or any other forms of private information via phone or email. Cardillo also implied that a legal investigation may be underway, noting that a “lawful agency” needs to be able to do an investigation properly.

This attack serves as a reminder of the importance of taking extra caution when it comes to protecting one’s digital assets. Users should be aware of the dangers of phishing attacks and always be wary of any emails, texts, or calls asking for personal information. It is also important to use secure passwords and two-factor authentication whenever possible.

OKB Sees Impressive Rally Despite Low DeFi TVL – Is It Sustainable?

• OKB has seen an increase of 23% in the last week and 35% in the last month.
• Investors are asking if they have missed out on the gains or if the rally can be sustained.
• Despite noting that TVL in DeFi contracts on the OKExChain is low, @ayush_nfa noted that good developments could make it a hit.

The cryptocurrency space has been abuzz in recent weeks with the impressive performance of OKB, the native ERC-20 token of the OKExChain. Over the past week, the token has seen an increase of 23%, and over the past month a 35% increase. This has been despite a generally stagnant global cryptocurrency market, leading investors to ask if it’s too late to buy the token and if the rally can be sustained.

Coinbase ranks OKX as the ninth-best cryptocurrency exchange based on factors such as liquidity and volumes. This increase in the token’s value is thought to be in response to the collapse of rival exchange FTX in early November. @ayush_nfa, a trader on Twitter, has pointed out OKB’s bullish chart structure, noting that the downtrend of the token has been broken.

Despite the impressive run of OKB, @ayush_nfa has noted that the Total Value Locked (TVL) in Decentralized Finance (DeFi) smart contracts on the OKExChain is still “too low”. However, they remain hopeful that good developments in the chain could yet make it a hit.

Overall, the prospects for OKB look hopeful. The token remains competitively priced and has seen an impressive run of growth in recent weeks. However, investors should consider the low TVL in Decentralized Finance smart contracts on the OKExChain before making any decisions. Ultimately, the future of OKB looks bright, with its bullish chart structure and potential for increased TVL suggesting that its recent rally could be sustained in the coming weeks and months.