Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged the government to work out an alternative system for settlements with Moscow’s partners. Chamber of Commerce Proposes Improving Russia’s Trade With African Nations In a letter sent to Russian Prime Minister Mikhail Mishustin, President of the Chamber of Commerce and Industry of Russia Sergey Katyrin has laid out a set of proposals to boost economic relations with African nations. Among other ideas, the head of the Russian board of trade advocates for alternative payment options. Quoted by Tass, Katyrin insists: It seems appropriate to instruct the Ministry of Finance, together with the central bank, to ensure the conclusion of intergovernmental agreements with African states on the use of national currencies and cryptocurrencies in mutual settlements and payments. The official is calling on the federal government to create a new export-import bank and a trust fund tasked to back export activities of small and medium-sized firms to Africa. He also wants the Ministry of Industry and Trade and the Ministry of Economic Development to establish trade missions and free trade zones in the African countries with the greatest potential to expand ties. Katyrin is urging the two departments to work out a new settlement mechanism for external and internal payments, including cryptocurrencies. The system can be implemented in settlements for concessions for natural resources, investment projects, export operations, and other payments. He also suggests the establishment of a Russia-Africa Trading House. The head of the chamber emphasizes that the development of this kind of cooperation with “friendly areas” is of paramount importance for the Russian Federation. His proposals come as mounting western sections imposed over the war in Ukraine continue to limit Moscow’s access to global finances and its currency reserves in foreign banks. The restrictions are convincing Russian officials that crypto assets can help the country to return to global markets and substitute the U.S. dollar and the euro with other national and digital currencies. While the Bank of Russia is skeptical about using cryptocurrencies to circumvent sanctions, the Finance Ministry is leading efforts to legalize them and says that the penalties motivate Russia to create its own crypto market infrastructure. Do you think Russia will employ cryptocurrencies in international settlements with trading partners? Share your expectations in the comments section below. Go to Source

Bitcoin Price Prediction – April 14 The Bitcoin price prediction shows that BTC falls below the moving averages, and it may likely cross below the channel. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $45,500, $47,500, $49,500 Support Levels: $34,500, $32,500, $30,500 BTCUSD – Daily Chart Buy Bitcoin Now The daily chart reveals that BTC/USD is moving downward within the mind of crossing below the lower boundary of the channel. The king coin fails to cross above the $9-day moving average; it may likely see a sharp drop towards the lower boundary of the channel. However, the first level of support may be located at $36,000. Beneath this, other supports lie at $34,500, $32,500, and $30,500. Bitcoin Price Prediction: Bitcoin (BTC) May Head to the South As the daily chart revealed, the Bitcoin price could not break above the resistance level at $41,000. Meanwhile, the coin may set up another few days of negative price beneath $39,000. A break above the previous level would have set Bitcoin up to retest the $42,000 level, but the technical indicator Relative Strength Index (14) shows that BTC is heading to the south as the signal line crosses below the 40-level. Nevertheless, traders can see that the Bitcoin price slumps below the moving averages to gain more downtrends. However, the Bitcoin price touches the daily low of $39,573 but may cross below the channel to confirm the bearish movement. However, should in case Bitcoin moves to the upside, the upward movement could locate the resistance levels at $45,500, $47,500, and $49,500. BTC/USD Medium-Term Trend: Bearish (4H Chart) The 4-hour chart shows that the Bitcoin bears are stepping back into the market, pushing the BTC price below its previous support level that existed around $40,000. Although the Bitcoin price has not yet slipped below $39,000, it’s still in the loop of making a bounce back. BTCUSD – 4 Hour Chart However, BTC/USD is currently moving below the 9-day and 21-day moving averages. The upward movement may likely push the price nearest resistance at $42,000 and above while the immediate support lies at $38,000 and below. The technical indicator Relative Strength Index (14) is likely to move in the same direction, suggesting sideways movement. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! Buy Bitcoin Now 68% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Bitcoin How to buy Cryptocurrency Go to Source

He might now be a billionaire but Samuel Bankman-Fried still has that wild puff of hair. It’s hair that screams “just rolled out of bed.” Or a beanbag chair. “I’m up to something like 50%, in terms of sleeping on beds,” Bankman-Fried tells Coin Go to Source

She’s been a model, actress, muse and member of the “Fab Eight,” the musicians and wives or girlfriends of The Beatles. Her miniskirts inspired revolutions, and her soft eyes a ballad Frank Sinatra once called “the greatest love song of the past 50 years.& Go to Source

As told by Andy Jassy, the e-commerce giant may integrate NFTs later down the line. Speaking during an interview with CNBC after releasing his first shareholder letter as the new CEO of Amazon, Andy Jassy said that while he does not own any cryptocurrencies or nonfungible tokens, or NFTs, he is optimistic about the outlook of the industry. Jassy stated: "We're not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you'll see crypto become bigger. I expect that NFTs will continue to grow very significantly."Specifically, regarding the sale of NFTs by Amazon, Jassy claimed that "it's possible down the road on the platform." Last November, Cointelegraph reported that Amazon was hiring a Financial Services Specialist who "understands the overall cryptocurrency and digital asset ecosystem," with experience in blockchain and distributed ledger technology. However, Amazon posted another job advertisement two weeks ago that also solicits applicants for the same role. Notable job responsibilities include being "able to define industry-specific messaging and collateral that effectively communicate the AWS [Amazon Web Service] value proposition for AWS digital asset solutions in financial services." Interestingly, the job ad does not state any degree requirements, only that of work experience. Despite the optimism, Jassy reiterated the company's stance from last July that Amazon "is probably not close to adding crypto as a payment mechanism in our retail business." Among major e-commerce tech firms, Shopify has been at the forefront of crypto adoption, with the company announcing earlier this month that it would accept Bitcoin (BTC) as payment on the platform via The Lightning Network and Strike. However, the move has also triggered skepticism from users, with some pointing out the legal ramifications of funds not going through the Know Your Customer process.  Go to Source

Treasury Department updates SDN list to ostensibly tie infamous hacker group to last month’s mega-heist. The United States Treasury Department Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons (SDN) list was updated Thursday to reflect the possibility that North Korean cyber-criminal Lazarus Group was behind last month's hack of the Ronin Bridge, in which over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) was taken, Chainalysis announced by Twitter. The information was also confirmed by Ronin. The hack, which took place on March 23, was worth over $600 million at the time. Discovered several days after the fact, it is one of the biggest robberies of its kind in history. The coin came from the play-to-earn role-playing game Axie Infinity developed by the Vietnamese studio Sky Mavis. The game’s developers have raised over $150 million in an effort to reimburse users affected.This is story is in development and will be updated. Go to Source

Archie Comics is one of the first major comic book companies to launch its characters into Web3, and its inaugural NFT collection is inspired by The Chilling Adventures of Sabrina. American comic book publisher Archie Comics, known for its iconic Riverdale characters, is leveraging the blockchain to develop fan-generated art and stories as well as Archie-inspired nonfungible token (NFT) collections. Laura Braga and Vincezo Federici, the artists behind the 80-year-old franchise, partnered with Palm NFT Studio, to create a new blockchain-based writer’s room called the "Archiverse: Eclipse." Source: Palm NFT StudioAccording to the company, the Archiverse intends to empower Archie Comics fans to author the brand's future through generative storytelling. Its writer’s room invites fans to create and submit new storylines for their characters. The creators of selected submissions will be directly rewarded and granted story credits from future comic series integration. Archie CEO Jon Goldwater said in a statement that since the success of the television adaptation of Archie characters in "Riverdale" and the emergence of blockchain technology, "we knew we had to find the right partner and platform to introduce Archie 3.0. We cannot wait to introduce the gang to a whole new audience in a whole new way.”The world of Archie 3.0 will be heralded by an NFT drop of a PFP project inspired by "The Chilling Adventures of Sabrina," a series published by an imprint of Archie Comics called Archie Horror. Archieverse: Eclipse NFTs will comprise 6,666 generative characters and 3,000,000,000 outcomes will be released on May 16th, the night of a Blood Moon, and challenge collectors to crack an "ominous" prophecy. The future of collectibles is here with the Archieverse NFTs! Interact and help guide the future of Archie Comics like never before! Unlock the universe of Archie Comics to play, create, and be credited on a forthcoming comic book title!!!https://t.co/6KCw0Z6TrS— Archieverse NFT (@ArchieverseNFT) April 14, 2022 When it comes to writer's rooms, traditionally made up of show-runners, producers and TV writers, a blockchain writer's room differs in that only NFT holders can access and participate in content creation. The largest one at the moment belongs to Jenkins the Valet, the "eyes and ears" of the Bored Ape Yacht Club. Cointelegraph spoke to Jenkins about what it takes to portray Apes and Mutants in an upcoming book penned by New York Times best-selling author Neil Strauss.As for carrying out large-scale intellectual property (IP) licensing in the NFT space, Palm NFT Studio is no Web3 rookie. It recently launched an NFT project with Warner Bros. Consumer Products’ DC Comics known as “The Bat Cowl Collection,” a drop of 200,000 unique 3D-rendered Batman cowl NFTs. Matt Mason, the chief content officer at Palm NFT Studio spoke to Cointelegraph about how "emblematic IP can operate as digital social objects by fostering authentic fan participation and community." He added that the Bat Cowl Collection invites DC universe fans to create their own unique identities and have access to exclusive rewards. Go to Source

Summary: Aval Labs has reportedly raised $350 million in a round of funding at a $5.25 billion valuation The funding round has not been officially reported Avalanche is hot on the heels of the prominent blockchains of Ethereum and Solana AVAX has already captured the attention of the Luna Foundation that has added it to its UST reserves The leading developer of Avalanche (AVAX), Ava Labs Inc., is reportedly raising $350 million in a funding round at a $5.25 billion valuation. Such a valuation would make it one of the highest valued crypto companies and more valuable than Binance.US at a $4.5 billion valuation. According to Bloomberg, news of Ava Labs raising $350 million has not been made public. However, Bloomberg cited sources familiar with the matter. Avalanche is Hot on the Heels of Ethereum and Solana The digital asset of Avalanche recently made headlines after the Luna Foundation added $100 million worth of AVAX to its UST reserves. Terra’s founder, Do Kwon, explained that the addition of Avalanche to the project’s UST reserves seemed logical as the platform was growing at a rapid rate in terms of development and fan base. The Luna Foundation opting for Avalanche rather than the industry heavyweight of Ethereum or Solana is proof that the project and digital asset are hot on the heels of both blockchain networks. Avalanche (AVAX) Ranked 10th on Coinmarketcap.com At the time of writing, the digital asset of Avalanche is ranked tenth on Coinmarketcap with a market capitalization of $20.748 Billion. Avalanche’s market cap has exceeded that of Dogecoin ($18.89 billion), Polkadot ($17.531 billion), Shiba Inu ($14.218 Billion), and Polygon ($10.715 Billion). In terms of price action, AVAX is trading at $77, which is almost half its all-time high value of $146 set on November 21st, 2021. Avalanche Ranked 4th in Terms of Total Value Locked Concerning total value locked, Avalanche is ranked 4th at $10.43 billion. Ethereum comes in first at $116.29 billion; Terra second at $26.14 billion; and the Binance Smart Chain third at $12.97 billion. Top 5 chains in terms of TVL. Source, DeFillama.com Go to Source

After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus two weeks ago, Lagarde stressed on Thursday that inflation “will remain high over the coming months.” European Central Bank Plans to End Asset Purchase Program in Q3 The eurozone is suffering from significant inflationary pressures as rising consumer prices are ravaging European Union (EU) residents. In March, data from the ECB had shown consumer prices skyrocketed to 7.5% and the ECB’s president Christine Lagarde expected energy prices to “stay higher for longer.” On April 14, members of the ECB met and then told the press that the central bank plans to cease its APP (asset purchase program) by the third quarter. “At today’s meeting the Governing Council judged that the incoming data since its last meeting reinforce its expectation that net asset purchases under the APP should be concluded in the third quarter,” the ECB disclosed to the press. After the APP ends, the bank is expected to start hiking the benchmark bank rate. However, in Lagarde’s opinion, it will depend on what happens with the current Ukraine-Russia war. The EU’s economic improvement, Largade said “will crucially depend on how the conflict evolves, on the impact of current sanctions, and on possible further measures.” The central bank’s message on Thursday highlighted that benchmark bank rates won’t change until end of the APP. “Any adjustments to the key ECB interest rates will take place some time after the end of the Governing Council’s net purchases under the APP and will be gradual,” the ECB detailed in a statement. Fidelity International Global Macroeconomist: ECB Faces a ‘Tough Policy Trade-off’ Following the ECB’s and Largade’s statements, the gold bug and economist Peter Schiff threw in his two cents on Twitter about the central bank keeping rates suppressed. “The ECB announced interest rates will stay at zero until it judges inflation will stabilize at 2% over the medium term,” Schiff tweeted. “Eurozone inflation is currently 7.5%. How will throwing more gasoline on a fire put it out? Europeans are stuck with inflation well above 2% indefinitely.” Schiff continued: The dollar is rising against the euro because the Fed is still pretending it will fight inflation, while the ECB is still pretending inflation is transitory. Once both banks stop pretending the dollar will fall against the euro, but both currencies will collapse against gold. Speaking with CNBC on Thursday, global macroeconomist at Fidelity International, Anna Stupnytska, said the European Central Bank faces a “tough policy trade-off.” “On the one hand, it is clear that the current policy stance in Europe, with interest rates still in the negative territory and the balance sheet still growing, is too easy for the high level of inflation which is becoming broader and more entrenched,” Stupnytska remarked after the ECB’s statements. The Fidelity International economist added: On the other hand, however, the Euro area is facing a huge growth shock, simultaneously driven by both the war in Ukraine and China’s activity hit due to zero-COVID policy. High frequency data already point to a sharp hit to Euro area activity in March-April, with consumer-related indicators worryingly weak. What do you think about the ECB explaining that bond purchases will end in Q3 and the discussion concerning raising the benchmark bank rate? Let us know what you think about this subject in the comments section below. Go to Source

Dear KuCoin Users,Due to the Easter bank holiday, SEPA payment will not go through starting on April 15, 2022 to April 18, 2022 (UTC). All the payments during the bank holiday may not arrive until April 19, 2022 (UTC).We apologize for any inconvenience this may cause. Thank you for your understanding and support!The KuCoin Team

Summary: Amazon CEO, Andy Jassy, believes cryptocurrencies will become more significant over time Mr. Jassy admits he does not own Bitcoin nor NFTs Amazon could sell NFTs in the future However, the online retailer is not keen to add crypto payments to the platform. Amazon CEO Andy Jassy, who replaced Jeff Bezos in mid-2021, believes cryptocurrencies will become more significant over time. Mr. Jassy shared his analysis of the crypto industry in an interview on CNBC’s Squawk Box. He also clarified that Amazon would not be integrating crypto payments on the platform soon. In addition, Amazon’s CEO clarified in the CNBC Squawk Box interview that he did not own any Bitcoin nor Non-Fungible tokens. He said: I don’t have bitcoin myself.. We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger. Amazon Could Sell NFTs in the Future However, Mr. Jassy was keen to add that Amazon could sell NFTs in the near future. He stated that he expected NFTs to continue growing at a significant rate, and the company could sell them down the road. NFTs could be ideal for the online retailing giant as it also sells digital music and books. Furthermore, NFT sales would be in a similar trajectory to Amazon’s competitor, eBay, which opened the doors to NFT sales on the platform back in May 2021. Amazon is Keen to Add Web3 Technology to its Business In July of 2021, Amazon advertised a position for a digital currency and blockchain product lead with a focus on Web3 products. The job description requested a knowledgeable candidate in blockchain, distributed ledger technology, central bank digital currencies, and digital assets. Additionally, the ideal candidate would work closely with Amazon’s AWS teams to develop a roadmap for potential product offerings. Go to Source

Cardano Founder Charles Hoskinson has expressed optimism that the upcoming Vasil Hard Fork will be a massive performance improvement for the platform. He remarked on a “recap video” he posted on his YouTube channel. According to him, some new updates will make Cardano much better than what it used to be. Hoskinson started by saying he was getting ready for the impending Consensus 2022, scheduled from June 9 to 12 in Austin, Texas. He added that he will be showing Cardano devotees and the crypto community at large that the Cardano development team is open and ready for business. The New Hard Fork Will Bring Several Scaling Improvements Additionally, Hoskinson says the Vasil hard fork will go live around June and it will lead to a “massive performance improvement to Cardano.” Hoskinson explained that it is going to include pipelining, which is one of the pillars that support scaling in Cardano’s network. Hoskinson has initially stated that the new hard fork will bring several scaling improvements, including Hydra, Pipelining, UTXO on-disk storage, and new Plutus. Apart from parameter adjustments, the new features will bring more enhancements to Cardano’s network enhancing the range of decentralized exchanges (DEXs), decentralized finance (DeFi), as well as smart contracts. Additionally, Hoskinson said the network’s IOG team is working judiciously to offer new features and products to its users, such as a new highlight wallet and a DApp store. It will also introduce bridges that will allow free movements of assets from the main layer 1 chain to other sidechains. The Team Is Working Aggressively To Ensure Timely Execution In particular, the sidechains will ensure the development of DEXs, allowing users to easily exchange their ADAs for BTCs and vice versa via trusted and highly secured smart contracts. This will help to prevent any likelihood of scams. Hoskinson added that, contrary to what the media is reporting, the Cardano team is working “on insanely aggressive timelines again” with hundreds of engineers involved in the project. Buy Cardano Now Your capital is at risk. Read more: How to buy cryptocurrencies How to buy cardano Go to Source

There is a relationship between the price of Bitcoin and the amount of energy being used to mine it. But it’s a lot like the chicken and egg problem. Does a higher Bitcoin price prompt more miners to join the network? Go to Source

Financial advisors may soon not only get the regulatory clarity they have asked for about cryptocurrencies and digital asset investing – they may also have a timeline for when it will happen.Last month, U.S. President Joe Biden issued an executive order, calling for a coord Go to Source

Bitcoin's copycat moves leave traders with few options but to wait to monitor equities and hope for a correlation breakdown. Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin follows stocks downhillData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it made swift losses as trading began on April 14.The pair had been approaching $41,600 the day prior, but momentum ran out overnight, and the largest cryptocurrency took minutes to shave almost $1,000 off its price at the opening bell. At the time of writing, $40,000 was still in play as support but bulls had similarly failed to recoup the latest lost ground.Traders began to favor a fresh downside once again, the mood fueled by a disappointing start for U.S. equities and Bitcoin's implied correlation.#Bitcoin This won't be popular opinion but I think something like this is very probable.Won't be surprised in the slightest if it doesn't, but gut is telling me to keep an eye on it. pic.twitter.com/ym1SYXRZR2— Nebraskangooner (@Nebraskangooner) April 14, 2022 The S&P 500 (SPX) traded down 0.34% at the time of writing."The correlation coefficient for BTC vs SPX has reached very high regions of ~0.9 on a 7-week basis," popular Twitter account CRYPTOBIRB noted. "It shows that on average, Bitcoin has been trading like the large-cap equities and the inter-market connection is apparent. As the correlation fluctuates, inversion may be ahead."Short-term price performance, thus, left few impressed as traders kept their guard up in case of a deeper retracement. For Anbessa, only the sustained retention of $41,300 would alter the immediate outlook.Hopium: - potential early parabola - inverse H&S neckline highlighted greenI don't see this scenario playing out atm, ready to get stopped out on a bear flag breakout. A relcaim of Kijun Sen $41,3k could change the shortterm outlook. Still LONG above bear flag support.— AN₿ESSA (@Anbessa100) April 14, 2022 Dogecoin sees reliable bull forces returnBitcoin's about-turn likewise took the wind out of altcoins, with only Dogecoin (DOGE) managing to buck the trend.Related: BTC stocks correlation ‘not what we want’ — 5 things to know in Bitcoin this weekThat was due, in classic style, to the knock-on impact of noises from Tesla CEO and DOGE proponent, Elon Musk. The latest chapter in the story of the billionaire's involvement with Twitter came in the form of Musk asking to buy the company out or "reconsider" his 9.2% equity stake.DOGE/USD jumped on the news, but a subsequent comedown left daily gains at just 2%.DOGE/USD 1-hour candle chart (Binance). Source: TradingViewThe views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Go to Source

The raise comes as total value locked on the Avalanche blockchain remains steady at around $14.6 billion. According to a report published by Bloomberg on Thursday, Ava Labs is en route to raising a new round of funding for $350 million at a valuation of $5.25 billion. Details of the agreement have not been made public. Ava Labs is the lead developer of the Avalanche (AVAX) blockchain. The total value locked, or TVL, on AVAX currently sits at $14.6 billion, according to data from DeFi Llama. Decentralized finance, or DeFi, borrowing and lending protocol Aave accounts for 33.72% of the market share on the blockchain. AVAX has become one of the most popular blockchains, surpassing a market cap of $21.3 billion. Since the launch of its mainnet in September 2020, the blockchain has grown to an ecosystem of approximately 450 individual projects, removed $118 million worth of AVAX from circulation through token burning and attracted more than 1.5 million community members.As reported by Cointelegraph last November, the Avalanche Foundation, a primary organization within the Avalanche ecosystem, launched a $200 million fund to incentivize developers to build on the network. Two months prior, in September 2021, the foundation raised $230 million through a token sale spearheaded by Polychain and Three Arrows Capital to grow its DeFi ecosystem. Back then, the blockchain's TVL stood at $14 billion, while its infrastructure supported about 270 projects. Related: AVAX traders anticipate a new ATH even as Avalanche DApp use slowsMore recently, organizations behind algorithmic stablecoin blockchain Terra purchased a combined $200 million in AVAX for their strategic Terra USD reserves. In justifying the investment, Terra co-founder Do Kwon cited solid growth in the blockchain's ecosystem and the loyalty of its users. Go to Source

Crypto proponent and YouTuber Coffeezilla called out Safemoon’s former marketing lead for shady transactions Coffeezilla says the project member identified as Ben Phillips led a pump and dump scheme for months Phillips allegedly made $12 million dollars from misleading investors on social media Ben Phillips, a social media influencer and ex-promotions officer for SafeMoon has been accused of making over $12 million dollars from an elaborate pump and dump campaign.  According to YouTube content creator Stephen “Coffeezilla” Findseisen, Phillips leveraged a massive social media following on Twitter to convince investors of SafeMoon’s bullish movements while selling hefty portions of the token as prices went up.  The altcoin launched back in March 2021 and garnered considerable hype on social media, partly thanks to Phillips and his over 700,000 Twitter followers. Phillips also served as the Chief Marketing Officer for the project which ran on the Binance Smart Chain (BSC). Shortly after the launch, the project’s Vice President Charles Karony reportedly stepped down in pursuit of a college degree. Around the same time, a class-action lawsuit built on pump and dump allegations was filed against the token’s team.  Investor Funds Not Safu As Ben Phillips Dumps SafeMoon Tokens For Months Findseisen started his analysis by highlighting a series of SafeMoon buys by Phillips between March 2021 and August 2021. According to the YouTuber, Phillips spent approximately $4 million dollars accumulating his hefty holdings through PancakeSwap and aimed to dump the tokens at higher prices. Plotting out when Ben sold, and how much he sold, we see that even at the beginning of Safemoon, when he first joined, he wanted to dump as fast as possible. Ben’s biggest sells are in April, even while he appears to be at his most “bullish. Ben Phillips’ SafeMoon Buys and Sells From March-December 2021 (Source: Stephen “Coffeezilla” Findseisen) Coffeezilla stressed that Phillip’s main strategy was to present a bullish stance on social media. This supposedly triggered FOMO among investors and pumped SafeMoon’s price as liquidity flowed into the token.  Indeed, Ben Phillips deployed this tactic repeatedly on Twitter between March 2021 and December 2021. An excerpt from Findseisen’s analysis reads: For example, he says “F*CK LOOSE HANDED #SAFEMOON #DOGE WHALES” on the 29th of March, even as he’s about to begin a spree of selling for ~$8.8 million dollars in April. This public stance of thinking the coin was going up, as he was secretly selling, will become a pattern of behavior. Following the alleged pump and dump campaign, Phillips made a whopping $12.14 million dollars in profits over a 10-month period. Since then, the social media influencer has abandoned the project and opened a YouTube prank channel, per reports. Go to Source