Manufacturer of luxury smartphones Vertu has officially introduced a new device, METAVERTU. Calling it “the world’s first Web3 phone”. Review by Crypto-Upvotes experts

Vertu , which produces luxury smartphones, unveiled and released a series of new METAVERTU devices. Calling them “the world’s first Web3-phones. The line includes 10 models priced from $3,300 to $41,500.

Vertu supports Web2 and Web3 systems. It also has a built-in cryptocurrency wallet, and a marketplace of decentralized applications. Also, the device allows to create and store NFT. Especially for Ethereum validators, the phone has a version of a node for mining ETH.

Previously, other companies were engaged in similar developments. There were announcements of crypto-phones Exodus from HTC, Finney from Sirin Labs and KlaytnPhone from Samsung’s Galaxy Note line. But there are virtually no such handsets on sale. The KlaytnPhone website says the smartphone is only available in South Korea.

This June, Solana Mobile, a subsidiary of Solana Labs, announced the Saga. It is an Android-based smartphone with private key storage and a decentralized Web3 app store. The device is not yet available for purchase ! But it is already available for pre-order for the beginning of next year.

What events in the next month may lead to changes in the price of Bitcoin. And to what levels it can rise or fall

First Cryptocurrency has continued to trade in a relatively narrow range since mid-June 2022. Since then, the rate of BTC fell to a low of $17.6 ths. And at its peak, it reached $25.2 ths. Most of the time, cryptocurrency is near the mark of $20 ths.

Over the past month, the Bitcoin price range has become even narrower. Maximum value of the rate for the last 30 days reached $20.4 ths (October 6). The rate of Bitcoin fell to a minimum on the day of publication of the U.S. inflation data for September. At that time the price of BTC fell to $18.3 ths, but quickly recovered.

As of Oct. 24, the leading cryptocurrency is trading around $19,200, according to CoinMarketCap. Bitcoin has a market capitalization of $371 billion, with a daily trading volume of $28.8 billion. The asset’s share of the cryptocurrency market is 38.3%.

U.S. congressional elections and macroeconomics could affect BTC price

The U.S. Congressional elections are due in November, our Crypto-Upvotes experts note. Cryptocurrency and traditional markets are generally strong in the run-up to this election. However, our experts say it’s not quite right to expect the same rate behavior as it did after the last election. The previous congressional elections were held in early November 2020. The cryptocurrency market was in a bull market. And since then, Bitcoin has gone from $15k to $61k by April 2021.

But today both the stock market and the cryptocurrency market are still bearish. And the volatility in the cryptocurrency market is quite low. Therefore, no serious rally is expected from BTC. In case it fails to rise above $23k, the downward pressure will continue.

The bearish pressure is amplified by global macroeconomic weakness combined with the popularity of short ETFs on Bitcoin. This raises concerns about whether this time there will be a repeat of November 2018, when Bitcoin collapsed from $6k to $3k also after a long period of consolidation and low volatility.

Investors, primarily institutional investors, as in the stock market, always assess the situation in terms of the reaction of the Federal Reserve (Fed). As well as on macroeconomic data on the United States. Therefore, the price of BTC may react to further Fed Funds rate hikes.

Also, among important events for Bitcoin and the entire crypto market in November, our expert called the TOKEN2049 conference. It will be held from November 9 to 10 in London. Our expert noted that it will be attended by such well-known figures in the cryptocurrency community as Galaxy Digital founder Mike Novogratz, Tezos co-founder Kathleen Breitman and Blockchain.com CEO Peter Smith.

There is hope that the rate will soon stop rising by 75 bps. (0,75%)

At least a “slight hope” that the rate will soon stop rising by 75 bps (0.75%) at the end of each meeting. . As well as reduction at least to 0.25% or suspension of increases. All this will lead to the development of a medium-term trend for growth i Bitcoin rate.

In this case, psychologically important level of $20K may be overcome. This will allow the bulls to rush to the levels of $24K and $28.3K in the coming month. More rapid growth looks too optimistic variant so far. But it may lead to $32 thousand and $36.8 ths, says our expert.

It’s also worth paying attention to the following levels in the price of BTC when it grows: $20.5 ths, then $22.8 ths. Reaching the same Bitcoin mark at $25 K will already mean the change of current bearish trend.

Signals for continuing a bear market trend

Signal to continue bear market could be the level of $16 K. Then we should pay attention to the level of $14 K, and, finally, $10 K.

In the coming month, Bitcoin may show a decline. First, price of the first cryptocurrency may fall to around $18 K, and later to the area of $15 K – $16 K. Our expert noted that it will be possible if Fed rate will continue to rise.

Interpol announced the creation of a group of experts on Metaverse. So that representatives of law enforcement agencies could be present in the new virtual world.

The International Criminal Police Organization (Interpol) introduced the first Metaverse. Digital World was specifically for law enforcement agenci. This is stated in an article on their website. Users of INTERPOL Metaverse will be able to take a virtual tour of the INTERPOL headquarters in Lyon, France. As well as communicate with staff avatars and take training courses on forensics and other subjects.

Also announced at this event was the creation of a group of experts on digital universes to represent law enforcement in the new virtual world. Interpol concluded that the growth in the number of users and virtual worlds will be accompanied by an increase in digital crimes. These include data theft, money laundering, fraud. As well as extortion, phishing, sexual harassment and stalking.

At the same time, Metaverse brings many benefits to law enforcement, Interpol noted. Among them were the ability to work remotely, networking, collecting and preserving evidence and training.

During the demo, experts conducted a training course on checking travel documents and screening passengers in Metaverse class. Then students went to digital airport. There they were able to apply the acquired skills at the virtual border checkpoint.

Earlier, Interpol announced the creation of a cryptocurrency crime unit. The team, based in Singapore, will assist law enforcement agencies in different countries in investigations related to digital assets.

Some cryptocurrencies rose in value by more than 1,000 times in the past 30 days. What coins you could earn on, review by Crypto-Upvotes experts

Despite small fluctuations in the prices of leading cryptocurrencies lately. Some of the little-known altcoins have shown significant growth over the past month. It is difficult to foresee such events, but owners of such cryptocurrencies received a significant capital gain due to the increase in prices of these tokens.

One of the coins increased in price by almost 300,000%. And several others showed more than multiple returns. We’ve compiled a list of tokens that have risen significantly in the last 30 days.

Scholarship Coin (SCHO) — 298 857%

SCHO token grew by 298,857% over the month. Back on October 3, its price was about $0.05, and on October 7 it reached $6. The token is traded only on FinexBox, paired with USDT.

The goal of a little-known Scholarship Coin project was to create a scholarship model. In which students would be rewarded depending on their performance at a recognized educational institution. According to the idea of the developers of this project, the system will encourage students from all over the world to perform better.

According to the developers’ plan, SCHO is a Stablecoin that is supposed to be tied to the value of the U.S. dollar. However, as of Oct. 7, the coin’s price remains at $6-7.

APTOS (APT) — 10 000%

Aptos cryptocurrency soared by 10,000% in the first minute after the start of trading in pair with USDT on Binance platform. The token rose from 1 USDT to 100 USDT, but then dropped just as quickly to 7-8 USDT. In a trading pair to the Binance Stablecoin, the token rose to 58 BUSD.

APT token is a cryptocurrency of the new Aptos blockchain launched on October 18. It allows the creation of smart contracts and decentralized applications in Move. This programming language has increased code security and reliability. In addition to Binance, token trading was supported by platforms such as Huobi, Coinbase and FTX.

Cryptocommunity was waiting for the launch of the new token. Therefore, the trading volume of this cryptocurrency reached more than $800 million in the first 6 hours. At the same time, the rate of another coin with the ticker APT – Apricot Finance – rose against this background. This token is not related to the Aptos network. The price of Apricot Finance rose 70% overnight, according to CoinMarketCap.

Brazil National Football Team Fan Token (BFT) — 492%

BFT cryptocurrency showed a 492% growth over the last month. From September 19 to 29, it rose in value from $0.28 to $1.66. On Oct. 19, the token costs $1 and is traded on several crypto exchanges, including Gate.io and MEXC Global.

BFT is a fan token for Brazil’s national soccer team. Its holders can enjoy benefits such as communicating with the national team on the Bitci Fan Token platform. Or meetings and phone calls with one of the current players or legends of the team. As well as entering the locker room, watching matches in VIP areas and so on.

The growth of Fan Coins often occurs against the backdrop of important sporting events involving the team. Thus, the impact on the prices of these cryptocurrencies can be explained by the matches. Which are taking place this fall in the run-up to the 2022 World Cup finals. Which will take place in November and December in Qatar.

Spain National Football Team Fan Token (SNFT) — 466%

Another fan token, SNFT, has shown significant growth over the past 30 days. As its price rose 466% from Sept. 22 to Sept. 29, from $0.15 to $0.85. And on Oct. 19, the token is worth $0.43 and is also traded on several crypto exchanges, including MEXC Global, XT.com and Bitci.

The Spanish soccer team fan token is a BRC-20 standard cryptocurrency. Also with the help of which fans of the team can participate in various promotions and events of the club. And buy NFTs, get fan awards and much more.

Decentralized Social (DESO) — 283%

From September 20 to October 8, the token rose in value from $6 to $23, that is, by 283%.

Decentralized Social (DESO) is a blockchain designed to develop and support decentralized Web 3.0 social networks. Founded in 2019, this network is supported by the DeSo Foundation, a nonprofit organization.

Mdex (MDX) — 266%

The cryptocurrency MDX increased in value by 266% from $0.06 to $0.22 from Oct. 10 to 14. The token is traded primarily on the Mdex platform itself.

MDX is a token of the decentralized cryptocurrency exchange of the same name. It is based on two networks: Huobi Eco-Chain and Ethereum. The token is used in several ways: as collateral for loans, as an asset for lending. And also as rewards in the ecosystem and as a gas fee for all transactions on that platform.

Rich Quack (QUACK) — 253%

Between October 7 and October 13, the price of QUACK token rose 262%. The coin is still worth well under $1. However, its capitalization rose from $40 million to $145 million. QUACK is traded on platforms such as Digifinex, MeXc Global, Gate.io and LBank.

Rich Quack is a hyper-deflationary token based on the Binance Smart Chain (BSC). Its purpose is to reward holders by “generating profits without friction.” Holders do not need to place the token in a stack. That’s because profits are accrued by smart contracts.

The protocol generates returns with fees of 12% per transaction. 4% of each transaction is distributed to holders. And another 4% is given to the QUACK / BNB liquidity pool. 2% goes to pumping and burning wallets to create an “ever-increasing price floor.” And 2% goes to marketing and the developer’s wallet.

Morpheus Network (MNW) — 234%

MNW token increased in value by 234% from September 28 to October 18. Its price rose from $0.44 to $1.47 during that time. The coin is traded on exchanges such as KuCoin, BKEX, Gate.io and Uniswap (v3).

Morpheus Network is a platform focused on logistics and supply chain optimization using blockchain technology. The Morpheus project collaborates with companies such as DHL, FedEx, SWIFT, Oracle and China Post, according to project website.

Disclaimer: We do not give financial advice on buying certain cryptocurrencies. This review focuses on cryptocurrencies that have grown recently.

BTC has been written into history of world achievement Guinness Book of World Records on several counts, Crypto-Upvotes experts review

Bitcoin has been listed in Guinness World Records, the latest edition of Guinness World Records 2023. BTC is listed as the oldest cryptocurrency. And also as the first decentralized cryptocurrency and the most expensive cryptocurrency.

The latest of these records was recorded on March 24, 2022. On that day, Bitcoin was worth $42,900 and had a market capitalization of $816 billion. In addition, several other records related to BTC can be found in the book. For example: the largest theft of a cryptocurrency or the world’s first confiscation of a cryptocurrency. And even the largest cryptocurrency poker win ($1 billion).

There are also many NFT-related entries in the Record Book now. Among them is the very first unique Quantum token created in 2014. Or the most expensive token from NFT collections – CRYPTOPUNK #5822, bought for $23 million. And also the most expensive NFT issued by a sports club – Manchester City (UK) tokens with a market capitalization of $47 million.

Ethereum also appeared in the Guinness Book of World Records. However, ETH is not marked by any record. It is mentioned in an article about the first NFT Terra Nullius released on this blockchain in 2015.

The Interpol team, based in Singapore, will assist different countries’ law enforcement agencies. Assistance will be provided in investigations related to cryptocurrencies. Crypto-Upvotes expert review

Interpol has created a specialized unit to combat crimes related to cryptocurrency and other virtual assets, reports Business-Standard. The creation of the unit was announced by Secretary General of the International Police Jürgen Stock. This was said at a press conference before the start of Interpol’s 90th jubilee General Assembly. It takes place in Delhi from 18 to 21 October.

The main problem faced by law enforcement agencies of different countries in their investigations, the head of Interpol called the lack of a legal framework with regard to assets such as Bitcoin and Ethereum. The new team, formed in Singapore, will help fight crimes in this area in different countries. Currently, the international police force has more than 190 member states.

Interpol has helped investigate cryptocurrency crimes many times before. Not long ago, the international police issued their “red notice” against Terraform Labs co-founder Do Kwon. He is facing charges in connection with the $60 billion collapse of cryptocurrencies he created.

Our experts told us about possible price movements for cryptocurrencies in coming weeks. And gave forecast for their prices in accordance with different variants of events development

On October 13, after the publication of inflation data in the U.S., leading cryptocurrencies updated their price lows. Bitcoin rate fell to $18.3 thousand, less than the last time it was worth on June 20, when it was trading about $18.2 thousand. Also Ethereum showed decline – it fell to $1.2 thousand, updating its minimum since mid-July.

But by October 14 Bitcoin had recovered to the level of $19.8 thousand, the daily growth was 5.4%. Аnd Ethereum also rose in price by 7.2%. And the total market capitalization of cryptocurrencies is $980 billion, which is 5.5% more than a day ago.

Current situation on crypto market

Macroeconomics is the leading factor for cryptocurrency markets right now. Our experts notice that after the new release of inflation data in the U.S., there was a rare volatility in leading indices. But at the same time, the sharp drop was just as sharply bought back by investors. Cryptocurrencies reacted in a similar way.

Crypto market heavyweights such as Bitcoin and Ethereum are hardly reacting to events in the cryptosphere right now. However, there are not many negative factors. The main factor “confusing crypto-enthusiasts” is the trend toward tighter regulation in many countries. Because this brings cryptocurrencies closer to traditional asset classes.

Also, cryptocommunity is concerned about the decline of decentralization. Or the lack of growth of this indicator in many blockchains. In addition, the outflow of capital from GameFi, NFT and Metaverses markets looks logical against the background of energy crisis and risks of recession in economics.

Negative forecast scenarios

In case of a prolonged fall in Bitcoin, it is possible that those miners who have been working at a loss for a long time will capitulate. This is likely to lead to a decrease in the level of support. And it will bring Bitcoin’s price down to around $14,000 or $10,000.

Large capital is now panicking and seeking to withdraw funds in stablecoins and US dollar. The most likely scenario is that bitcoin will drop to $17,800 in coming weeks.

In addition, the fall in Bitcoin is accompanied by the biggest sell-offs of miners in the last 2 years – about 8,000 BTC per month (according to Glassnode). This has also influenced the rate of BTC decline and overall current market sentiment, our Crypto-Upvotes experts say.

Positive forecast scenarios

Crypto-Upvotes experts called a scenario in which cryptocurrency rates will start growing in the near future unlikely. However, if Bitcoin breaks through resistance level of $20.4 thousand, it will be possible to see movement to $22.5 thousand, our expert believes.

Positive factors that could support cryptocurrency rates are hard to find right now. At the same time, the option to increase prices of cryptocurrencies should not be discarded either. Because investors are eager to redeem assets at lower prices right now.

According to our expert, it could lead to overcoming the level of $1.4 ths for Ethereum. Bitcoin may initially reach a psychologically important level of $20,000. And its overcoming will lead to increase of BTC price up to $22 ths.

Binance will issue loans to develop this industry. Also the company intends to launch products for cloud mining

The cryptocurrency exchange announced that it has launched a $500 million project on Binance Pool platform to support cryptocurrency mining industry. This project involves lending to companies. Which are engaged in mining Bitcoin and infrastructure of digital assets around the world.

Funding will be available for 18 to 24 months at 5-10%. This will be subject to security of physical or cryptocurrency assets satisfactory to Binance.

Also, company intends to launch products for cloud mining. So, cryptocurrency mining will be carried out with the help of rented equipment located in data centers of service providers. Binance Pool is currently looking for such providers to cooperate with.

On October 10, Bitcoin’s mining complexity increased by 13.5%. This was the strongest increase since May 2021. Meanwhile, at $20,000 per Bitcoin, the profitability of mining companies is already close to the cost of production. And in some cases it goes into negative values.

BNY Mellon licensed from New York state regulator to handle two cryptocurrencies. Review by Crypto-Upvotes experts

The oldest U.S. bank BNY Mellon began to provide services for cryptocurrency storage, writes The Wall Street Journal. For this purpose, the company received a license from the financial regulator of New York.

Bank will store the keys needed to access and transfer the cryptocurrency. It will also provide accounting services for Bitcoin and Ethereum.

BNY Mellon claims to be the first of eight systemically important U.S. banks to provide custody services for digital currencies. And it allows customers to use one custody platform for both traditional and cryptocurrency assets.

The platform will go live with select investment-fund firms this week. The bank said it expects to expand its crypto custody offerings to additional clients in the future, pending regulatory approvals.

In the summer of 2021, BNY  joined a group of six banks that plan to launch Pure Digital, a digital asset trading platform. At the time, the bank said it would roll out cryptocurrency infrastructure as the legal and regulatory framework emerged.

Thanks to the integration of services of one of largest cryptocurrency exchanges. Some Google customers will be able to pay with cryptocurrency for cloud services, Crypto-Upvotes expert review

Some Google customers will be able to pay for cloud services in cryptocurrency at early 2023. This was announced by representatives of corporation at conference Google Cloud Next, reports CNBC. This will be possible due to cooperation of corporation with one of the leading cryptocurrency exchanges Coinbase.

First, corporation will accept payments in cryptocurrency from a limited number of customers through its integrated service Coinbase Commerce. Amit Zaveri, vice president and general manager and head of the Google Cloud platform, told CNBC. Currently, Coinbase Commerce supports 10 currencies, including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum and Litecoin.

As time goes on, corporation will allow many more customers to use cryptocurrency. Also, corporation is considering using Coinbase Prime service to store cryptocurrency and conduct transactions in it.

At the same time, Coinbase said it will use Google cloud infrastructure for storage. Additionally, Coinbase will migrate its applications from Amazon Web Services cloud service. Also, when making cryptocurrency payments Coinbase will receive a percent of transactions.