Overview

• DeFiChain has become one of the first blockchains to fully integrate Euro Coin, a Euro-backed stablecoin.
• Cake DeFi will act as custodian and issue dEUROC, a dAsset representing the EUROC stablecoin on the DeFiChain DEX.
• The availability of EUROC will help bring more liquidity on the DeFiChain DEX and allow users to invest with Euro instead of USD.

DeFiChain Integrates Euro Coin

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, has announced the debut of the Euro-backed stablecoin Euro Coin (EUROC) on its native blockchain. DeFiChain is one of the first blockchains to fully integrate a Euro-backed stablecoin.

Custodial Services for EUROC

On DeFiChain, Cake DeFi will act as custodian and issue dEUROC, a dAsset representing the EUROC stablecoin on the DeFiChain DEX. Users will also be able to transfer it from Ethereum to DeFiChain and vice-versa via Quantum Bridge. In addition, DFX Swiss gateway between fiat and crypto will add an easy Euro to EUROC on-ramp for DeFiChain users in near future. Full rewards became available at Block # 2,772,200 at ~10AM UTC on Monday 20th March 2021 while 5% of total dAsset block rewards allocated for dEUROC-dUSD pair while 0.74% allocated for dEUROC-DFI pair.

Euro Coin Maintains 1:1 Ratio with Euro

The Euro Coin (EUROC) maintains a 1:1 ratio with the Euro which means for every euro backed stablecoins issued; issuer Circle holds an equivalent amount of euros in reserve. There is increased demand for euro backed stablecoins in crypto ecosystem due to which Andreas Osberghaus aka mrgrauel proposed DFIP (DeFichain Improvement Proposal) so that no one forced to convert US dollars or take currency risk any longer resulting 96.51% votes in favor when asked community members about same proposal

Conclusion

The availability of EUROC will help bring more liquidity on the Defi chain DEX improving user experience by allowing them investment with euros instead of US dollars along allowing them trading opportunities as well as Liquidity Mining options with attractive rewards

Coinbase Joins Ripple in Lawsuit Against the SEC

• Coinbase has filed an amicus brief in support of the dismissal of a lawsuit by the US Securities and Exchange Commission (SEC) against Ishan Wahi.
• The SEC is accused of using old securities rules on a new different technology, while Coinbase argues that the SEC should focus on setting proper rules and guidance related to securities.
• The Blockchain Association and Chamber of Digital Commerce also filed an amicus brief asking for the dismissal of the lawsuit.

Background

In June 2021 and April 2022, Ishan Wahi, a former manager at Coinbase Global, allegedly tipped first-hand knowledge of what assets Coinbase planned to support before making an official announcement via Twitter. This resulted in criminal and civil charges from both the SEC and US Justice Department due to insider trading. Ishan has since pleaded guilty to these charges.

Coinbase’s Amicus Brief

Coinbase has now joined Ripple, Paxos and other crypto firms to file an amicus brief in support of dismissing this case as it believes that existing securities regulations do not apply to digital assets. According to their chief legal officer Paul Grewal, they petitioned the Agency last year for better rules regarding digital asset securities but have yet to receive any feedback from them. It is worth noting that Coinbase does not list securities but would like to if given the opportunity.

Blockchain Association’s Amicus Brief

In February, The Blockchain Association and Chamber of Digital Commerce also filed a separate amicus brief with similar intentions – asking for dismissal based on the fact that old securities rules don’t apply here either.

Conclusion

Although there are valid insider trading and wire fraud claims against Ishan Wahi which he has already pleaded guilty too; Coinbase strongly objects to any potential securities fraud charges as they believe that assets listed on their platform are not classified as such.

• Three Cryptocurrencies Set to Ignite the Next Bull-run: Cardano (ADA), Polygon (MATIC), and RenQ Finance (RENQ).
• AI Predicts a 44% Price Increase for Cardano (ADA) by 2023.
• Polygon’s Solutions for Scalability Issues Gives the Crypto an Edge.

The Three Cryptos That Could Ignite the Next Bull-Run

More and more individuals are using cryptocurrency as a form of investing as the world gets more digital. However, there are three stand-out cryptocurrencies that investors have set their eyes on. Among them are Cardano (ADA), Polygon (MATIC), and RenQ Finance (RENQ). These are crypto-coins many experts believe have the potential to ignite the next Bullrun.

Cardano (ADA)

With its decentralized network, Cardano wants to be able to handle everything from little transactions to significant business use cases. CoinCodex’s machine self-learning technology predicts that Cardano (ADA) will likely trade at $0.49 on December 31, 2023, an increase of about 44% from Cardano’s price at the time of publishing. This on-chain activity has the Cardano community optimistic that it will positively influence the value of ADA in the future.

Polygon (MATIC)

Contrarily, Polygon’s objective is to increase Ethereum’s accessibility by offering quicker and less expensive transactions. Polygon’s solutions for scalability issues give it an edge over other cryptos, allowing users to process more transactions in less time with lower transaction fees than ever before.

RenQ Finance (RENQ)

A community-driven effort called RenQ Finance aims to address the liquidity issue that has long dogged the blockchain industry. RenQ promises to offer a complete solution accessible to all sorts of traders, from newbies to seasoned pros, by fusing together several decentralized marketplaces and tools.

Conclusion

Together, these three cryptocurrencies are poised to impact the crypto market’s future significantly. Investors increasingly look to these coins to diversify their portfolios and tap into the next Bullrun as blockchain technology becomes more decentralized

• Elon Musk recently tweeted about Dogecoin and Shiba Inu, causing their prices to surge by 6.6 percent and 2.5 percent respectively.
• According to a study by Blockchain Research Lab, each of the 47 events after a tweet by Musk caused an average price range of 3 percent.
• The 24-hour move of Dogecoin was within the ranges of $0.0832 and $0.0872, but it could not test its key resistance level of $0.09 before recording its first retracement as seen in the chart.

Dogecoin Surges After Elon Musk’s Tweet

Elon Musk’s recent post on Twitter sent Dogecoin rising by 6.6 percent, while Shiba Inu rose by 2.5 percent according to a study by the Blockchain Research Lab that studied the effects of Elon Musk’s moves on cryptos. The tweet sent speculations among investors that may have led to this surge in prices for these coins.

Musk’s Influence on Crypto Prices

The study showed that there was an average price range of about 3 percent for each event after a tweet from Musk which sparked speculation within the crypto community as his influence has become increasingly apparent in recent months with cryptocurrencies surging shortly after one of his tweets or comments related to them is made public. It was also observed that whenever there is an immediate and large spike in price, there is another 45-minute price spike that follows shortly afterwards due to traders playing off this trend in order to make quick profits from short-term movements in crypto prices driven by news announcements such as those made by Elon Musk himself via Twitter or other social media platforms such as Reddit or Telegram channels dedicated specifically to discussing cryptocurrency news and trading strategies etc..

Dogecoin Price Movement Over 24 Hours

The 24-hour movement data shows that Dogecoin stayed within the ranges of $0.0832 and $0.0872 but failed to break past its key resistance level at $0.09 before entering into its first retracement phase following some selling pressure from traders who were looking at taking profit off their positions entered earlier when prices were much lower than they are now due to FOMO (Fear Of Missing Out) buyers pushing up demand for certain digital assets like Dogecoin during bullish market movements like what we’ve seen over recent weeks with Bitcoin hitting all time highs almost daily since late January 2021 onwards until now where it continues trending upwards towards further historic all time highs – though not necessarily directly linked with Elon Musk’s activities specifically related only towards particular digital assets such as DOGE or SHIB tokens etc..

Fact Check On CommunityNotes Tweet

Elon Musk followed up his initial post with another tweet asking users to „fact check me @CommunityNotes“. This came after Community Notes had posted an announcement on their account stating they would be providing heads-up if one of their notes started showing up on a Tweet someone has replied, liked or Retweeted – giving people more context regarding topics they might otherwise miss out on without having access to such information: prompting some users who thought his initial post was meant purely as joke rather than expressing genuine interest in the meme coin itself – further contributing towards speculation amongst traders making decisions based upon perceived signals from influential figures like him when it comes down investing decisions related closely with cryptocurrency markets (and altcoins) which tend to be very volatile due largely because no central authority regulating them yet preventing wild swings both ways (upwards & downwards).

Conclusion

In conclusion, it appears clear that despite whatever intentions he initially had when posting his tweets about Dogecoin & Shiba Inu – whether it be for fun alone or something else altogether – there still remains undeniable evidence showing direct correlation between any posts made publicly across various social media platforms especially those concerning cryptocurrency markets leading directly towards subsequent gains/losses experienced depending upon sentiment expressed through words used; thus adding further weighting towards overall impact influential figures have upon investment decisions taken within space regardless if they come from more traditional financial backgrounds outside sector itself too!

• Inuko Finance has partnered with Manga Token to expand their offerings and reach a wider audience.
• This partnership will open up new opportunities for both projects and users, such as publishing on Trophee, the official manga platform of Manga Token.
• Additionally, they plan to collaborate in marketing strategies and product distribution to increase revenue.

Inuko Finance Partners With Manga Token

Inuko Finance has now formally partnered with Manga Token in an effort to expand offerings and reach a wider audience.

New Opportunities For Both Projects & Users

This strategic move will allow Inuko Finance to reach a broader range of readers through Manga Token’s publishing services. Concurrently, it will enable Manga Token to explore offerings through the bond services provided by Inuko Finance. This partnership will open new opportunities for both projects and their users, such as publishing on Trophee, the official manga platform of Manga Token.

Marketing Strategies & Product Distribution

A collaborative marketing strategy between the two projects could result in more effective manufacturer and shipper sourcing, bringing both fanbases high-quality items at competitive costs. More joint content can soon be seen online by sharing intellectual property.

New Ways To Raise Liquidity

Bonding for Manga Token will give the project a new way to raise liquidity when it enters the decentralized finance market. Bond products‘ main goal is to eliminate the requirement to reward liquidity providers.

Additional Tokens & NFTs

• Ethereum-altcoin Hashflow token (HFT) is set for a huge rally and massive gains in the short time.
• Crypto analyst Cantering Clark is bullish about HFT and has built a spot position in the cryptocurrency.
• Hashflow Token (HFT) is a microcap with a valuation of $128 million, and plans to launch its gamified DAO platform ‘Hashverse’ this year.

Ethereum Altcoin Set For Huge Rally

Ethereum-altcoin Hashflow Token (HFT) is currently on a breakout on the technical chart, prompting crypto analysts to predict huge upside potential for the cryptocurrency. Crypto strategist Cantering Clark shared his bullish view of HFT with his 160,000 followers, revealing that he had been building a spot position in it patiently due to its promising setup.

Hashflow Token Valuation

Hashflow Token (HFT) has a market capitalization of $128 million and is currently trading 7.7 percent up at $0.6898 per token. The altcoin plans to launch its gamified DAO platform ‘Hashverse’ this year, which will allow users to stake their tokens, complete quests, as well as earn non-fungible tokens (NFTs).

Interoperability Features

The Hashflow blockchain was designed to ensure interoperability and zero slippage. It also supports multi-chain integration into different networks such as Ethereum and Fantom while being compatible with Layer 2 solutions such as Matic Network, Polygon Network and Optimistic Rollups.

Roadmap 2023

The recently released roadmap for 2023 noted that the team behind HFT aims to expand its presence across major exchanges including Binance Smart Chain (BSC), Elrond Network (EGLD) and Polkadot parachains by Q3 of this year. It also stated that staking pools would be available in Q4 2023 along with liquidity mining platforms like Uniswap V3/V4 or PancakeSwap for decentralized finance applications such as yield farming or automated market makers (AMM).

Conclusion

With Ethereum Layer-1 competitor Fantom posing strong gains while breaking major resistance barriers, it looks like HFT could potentially become one of the top performers in the crypto space if it meets its goals outlined in its roadmap for 2023.

• The Federal Reserve Bank of New York recently conducted a study on Bitcoin, concluding that it shares most features of a store of value such as gold.
• However, the report highlighted that Bitcoin cannot be used as a form of payment at scale due to its high volatility.
• The report further indicated that monetary news about the future path of policy has larger effects on Bitcoin price than those about the current target rate.

Federal Reserve Bank Study on Bitcoin

The Federal Reserve Bank of New York recently conducted a study on Bitcoin and concluded that it shares most features of a store of value such as gold. The report further highlighted that Bitcoin cannot be used as a form of payment at scale due to its high volatility.

Impact of Monetary News

The report indicated that monetary news about the future path of policy has larger effects on Bitcoin price than those about the current target rate. For instance, an unexpected increase in US inflation may lead to higher input costs for exports, which then makes a nation’s exports less competitive in the global markets. Consequently, the country’s currency could depreciate against other currencies and affect the prices for goods and services denominated in it; thus making imported products more expensive for domestic consumers and impacting consumer sentiment overall.

Speculative Probability Model

To determine the future probabilities related to bitcoin value, the Fed formulated a simple speculative asset model. Several hypotheses were derived from this probability model including that monetary news negatively affects the value of the speculative asset through an interest-rate channel.

Conclusion

The main result drawn from this research is that Bitcoin is unresponsive to both monetary and macroeconomic news apart from Consumer Price Index (CPI). Additionally, traditional assets respond to macroeconomic news with an economically large and significant coefficient compared with bitcoin where no correlation was observed between them.

Final Thoughts

It is evident from this study by Federal Reserve Bank Of New York that although Bitcoin shares some features with other stores-of-value like gold, its use as a form or payment remains limited due to its high volatility and lack response to both monetary and macroeconomic news except CPI.

• Pikamoon is a play to earn NFT metaverse game that allows users to collect their own little monsters and battle in the Pikaverse.
• The game comes with its own token, $Pika, which can be used to purchase health, powerups, weapon upgrades, land and more.
• The game’s token was created on two Blockchains – MultiversX and the Ethereum blockchain – to maximize the benefits of both blockchains.

Play to earn NFT games have been gaining traction in the market, and one of the latest additions to the industry is Pikamoon. The game is an immersive metaverse experience which allows users to collect their own little monsters and battle each other in the Pikaverse.

Pikamoon is unique in that it comes with its own token, $Pika, which can be used in the marketplace to purchase health, powerups, weapon upgrades, land and more. This allows the user to complete quests, go on missions and more. The game’s token is built on two blockchains, MultiversX and Ethereum, to maximize its benefits. Both blockchains are seamlessly integrated into the game’s wallets for players.

The game also has its own set of gods which are in charge of each region in the Pikaverse. These gods are responsible for creating and moulding the different types of Pikamoon in their respective regions. Players can also customize their Pikamoon to make them more powerful and unique.

In addition, the game also has an upgrade system which allows players to buy better equipment and weapons in order to effectively battle other players. The game also has a leaderboard which tracks the progress of players and their rankings.

Overall, Pikamoon is a unique play to earn game that offers an immersive experience and plenty of opportunities to earn coin in the market. With its two blockchain integration, customizable monsters, and upgrade system, it’s no wonder that the game is generating a lot of buzz. It could just be the next big play to earn coin in the market.

• VeChain Foundation has partnered with the United Nations to fight 17 key areas for advanced sustainability in digital ecosystems.
• VeChain has built and is building more blockchain solutions to address these pressing sustainability issues.
• The VeChain Foundation notes that the sustainability-focused digital ecosystems it is building also empowers people, giving new value to data and driving positive social outcomes for all.

The VeChain Foundation has recently announced a partnership with the United Nations to fight 17 key areas for advanced sustainability in digital ecosystems. The VeChain Foundation is leveraging the VeChain blockchain to address the United Nations‘ (UN) 17 sustainable development goals (SDGs).

The UN’s SDGs are aimed at addressing a wide range of sustainability topics including poverty, hunger, health, education, clean water and sanitation, clean energy, decent work and economic growth, and sustainable cities. VeChain is building blockchain solutions to address these pressing sustainability issues. Through its supply chain ecosystem projects, VeChain is enabling blockchain-based ethical resourcing, health, and financial empowerment projects. These projects have helped global brands, regulators, and consumers access tamper-proof records of origin, movement, and authenticity.

In addition, the VeChain Foundation is also planning to launch a Carbon footprint explorer and other sustainability-focused improvements in 2023 and early 2024. These developments are aimed at improving the environmental impact of businesses and promoting greener cost-effective production and supply chains.

VeChain’s sustainability-focused digital ecosystems have also empowered people, giving new value to data and driving positive social outcomes for all. VeChain’s network has seen explosive growth, and the blockchain is advancing towards becoming the backbone of real-world blockchain-powered sustainability.

The VeChain Foundation’s partnership with the United Nations is a major step towards achieving the UN’s SDG goals. By leveraging the VeChain blockchain and its sustainability-focused digital ecosystems, the VeChain Foundation is taking positive steps towards creating a sustainable future.

• CoinDesk Inc., a crypto-focused media company, is exploring funding options as its parent company Digital Currency Group (DCG) has run into financial troubles.
• CoinDesk has retained investment bankers from Lazard Ltd. to help it make a decision, including options for a partial or full sale.
• CoinDesk has reportedly received multiple unsolicited offers to sell the media outlet in the past few months, with potential buyers willing to pay up to $200 million.

Crypto-focused media company CoinDesk Inc. is in the process of exploring its funding options as its parent company Digital Currency Group (DCG) has run into financial troubles. The news was first reported by the Wall Street Journal (WSJ). As part of their efforts to make a decision, CoinDesk has retained the services of investment bankers from Lazard Ltd.

CoinDesk’s CEO Kevin Worth revealed that the company is looking at various options, including a partial or full sale. According to Worth, the company has already received indications of interest from interested investors over the last few months. “Over the last few months, we have received numerous inbound indications of interest in CoinDesk,” Worth said.

Citing sources familiar with the matter, the WSJ added that DCG has received multiple unsolicited offers to sell CoinDesk in the past few months. Per the reports, potential buyers are willing to pay up to $200 million for the media outlet. It is worth noting that DCG acquired CoinDesk in 2016 for $500,000.

CoinDesk’s business model revolves around online advertising, index, and events. According to reports, the media outlet generated $50 million in revenue last year. Interestingly, CoinDesk’s Bitcoin Price Index is being tracked by the $13.5 billion Grayscale Bitcoin Trust (GBTC).

Interestingly, DCG’s troubles can be traced back to the collapse of FTX, which was first brought to the public’s attention by CoinDesk. A Nov. 2 report by CoinDesk questioned the health of both FTX and its sister trading firm Alameda Research. As a result, the companies have been subject to increased scrutiny by the public, ultimately leading to DCG’s current financial struggles.