• Bitcoin (BTC) has seen huge growth in the last seven days and is currently hovering around the $27,000 mark.
• Some are calling for a new crypto bull market due to banking system issues and investor panic.
• Ethereum (ETH), the second largest cryptocurrency, has also seen significant growth with BTC/ETH down 3%, the lowest since July 2022.
Bitcoin (BTC) Nears $27,000
Bitcoin (BTC) has grown tremendously over the past week, hitting a high of $26,574 with a total market capitalization of $513 billion. This marks an impressive 6.5% increase in the past 24 hours and 30% increase in the past week.
Talk of New Bull Market Emerges
As banking stocks continue to plunge and investors look for safe havens, some believe that this could be the start of a new bull market for cryptocurrencies. Ethereum (ETH), the second largest cryptocurrency by market cap, is up 19.7% in the past week with BTC/ETH down 3%, which is its lowest level since July 2022.
Banking System in U.S.
The banking system in the U.S., despite Federal Reserve help, seems to be on shaky ground as multiple banks announce liquidity issues and other concerns causing investor panic across markets worldwide.
Staked ETH Withdrawals
The date for staked ETH withdrawals – April 12 – is quickly approaching causing further speculation about where prices will go from here as some predict ETH will go even lower before finding a bottom.
Preparing For Mid-Top Cycle
As BTC and other cryptocurrencies continue to pump, analysts are preparing for what’s next as some believe this may be just the beginning of a new crypto bull market cycle with many predicting a mid-top cycle event coming soon but not expecting it to last as long as last time’s cycle event did.
• Degen Zoo is an NFT game derived from Logan Paul’s abandoned Crypto Zoo, single-handedly developed by Christoph Zaknun in 30 days.
• More than 115,000 wallets have registered and pledges of over $700 million were made. It creates a deflationary token and an NFT collection featuring 120 endangered species to simulate the impact of capitalism on animal extinction.
• Christoph Zaknun pledged to donate all profits from Degen Zoo to charity to highlight the YouTube star’s greed.
Degen Zoo: An NFT Game by DAO Maker Founder
The DAO Maker founder Christoph Zaknun single-handedly developed Degen Zoo, an NFT game derived from Logan Paul’s abandoned Crypto Zoo, in only 30 days. This challenge was taken on by Zaknun to disprove Paul’s claim that the development cycle would take years. The game has already been met with interest as more than 115,000 wallets have registered and pledges of over $700 million were made.
Features of Degen Zoo
Degen Zoo comprises a deflationary token and an NFT collection featuring 120 endangered species in order to create a realistic simulation of the impact of capitalism on animal extinction. Players are incentivized to „kill“ their NFT animal which pushes the collection towards extinction while also raising awareness about human greed leading to wildlife devastation. All profits generated from this game will be donated to charity by Christoph Zaknun in order to call out Logan Paul’s greediness.
Reception and Progress
Interest in Degen Zoo began soaring during its development process as daily updates were broadcasted on social media which created more than 250,000 followers on Twitter alone who eagerly awaited new updates every day. On day 30 of the challenge, the first testnet was released and within days 3,000 players had completed more than 30,000 transactions for it. Now that the initial joke behind creating this game has evolved into a viable experiment in game theory and psychology, Christoph Zaknun is pushing forward with mainnet release for Degen zoo after exceeding all previous benchmarks set by any GameFi release so far.
Significance
By building Degen Zoo within such a short period of time, Christoph Zaknun has challenged not only Logan Paul but has also raised awareness regarding how human greed can threaten wildlife existence which makes this project much more meaningful than just being another crypto game with monetary incentives attached to it..
Conclusion
In conclusion, Degen zoo is an innovative crypto project built within 30 days by DAO Maker founder Christoph Zaknun that challenges conventional wisdom while also raising awareness about environmental issues caused due to human greediness along with providing entertainment as well as financial benefits for its players at the same time
• CryptoQuant has reported an increase in stablecoin exchange inflows, measuring the year’s highest level.
• Low BTC inflows have indicated a preference for holding and accumulating.
• Centralized crypto exchanges have been experiencing increased inflows of stablecoins, signaling a potential uptick in buying pressure.
Stablecoin Inflows to Crypto Exchanges: Are Buyers Bullish?
CryptoQuant has reported an increase in stablecoin exchange inflows, reaching the year’s highest level so far. This indicates investors are more likely to hold and accumulate rather than sell at current or lower levels as measured by low Bitcoin (BTC) inflows on centralized crypto exchanges. This could signal a potential uptick in buying pressure despite the recent short-term decline in Bitcoin price.
Stablecoin On-Chain Data Providers Findings
According to recent reports by CryptoQuant, centralized crypto exchanges have been seeing increased stablecoin inflows. Glassnode also noted a new one-month low for USDC at 1,544 for March with regards to unique addresses that received incoming transactions within a given hour. However, February saw USDT achieve a monthly high mean transaction volume even with the average number of exchange BTC deposits being at a monthly low.
Stablecoin Giants Gain Ground at the Expense of Binance and BUSD
CoinGecko reported that Ethereum continues to dominate the stablecoin market with 60% of total share followed closely by TRON (27%) with Binance’s BNB Chain trailing behind with 7%. Stablecoins currently account for approximately 12.7% of the entire crypto market with an estimated capitalization of around $136 billion according to CoinGecko data.
Conclusion
The increasing amount of stablecoins being deposited into centralized crypto exchanges suggests investors‘ confidence is growing despite short-term declines in Bitcoin prices. This renewed faith could be indicative of buyers becoming more bullish amidst market uncertainty as they seek out safe havens such as USDT and USDC during volatile times as well as prepare for possible future gains when markets start recovering again soon enough.
• EMURGO is partnering with Goodwall to empower the African Gen Z community with blockchain features for educational opportunities.
• The initiative will focus on creating awareness through joint education initiatives and providing curated Web 3.0 skills programs.
• The partnership will enhance transparency and accountability for users through on-chain skills certifications and non-fungible token (NFT) skill badges.
EMURGO Invests in Goodwall’s Network
EMURGO, the official commercial arm and a founding member of the Cardano blockchain, has announced a strategic partnership and investment with Goodwall, a skills-based social network for young talent. This partnership is set to support Goodwall’s core mission of leveling the playing field for the global youth by connecting talented youth to „learning and earning“ opportunities.
Unlocking Blockchain Features for African Youth
The World Economic Forum projects that young Africans are expected to constitute 42% of global youth by 2030, raising concerns about equipping them with the right educational opportunities to succeed in an increasingly evolving knowledge economy. This initiative will be facilitated by EMURGO’s investment and Cardano’s „environmentally-friendly blockchain,“ unlocking features such as micro-financial services, micropayments for work opportunities, Peer to Peer (P2P) transactions, scholarships, and more via Goodwall’s in-app Web 3.0 wallet.
Creating Awareness Through Joint Education Initiatives
The partners are set to focus on creating awareness through joint education initiatives as well as providing curated Web 3.0 skills programs connecting Goodwall’s global talent pool to these services within its app ecosystem. Additionally, they plan to enhance transparency and accountability for users through on-chain skills certifications and non-fungible token (NFT) skill badges that can be used for future on-chain voting initiatives.
Bridging Communities To Exchange Ideas
This collaboration between EMURGO MEA & Goodwall also aims at bridging both communities together in order to exchange ideas, facilitate open discussions & create value from collective efforts; helping build an enduring relationship between Africa’s younger generations & Cardano’s broader community globally while furthering the economic empowerment of Africa’s next generation of innovators & entrepreneurs alike.“
Conclusion
With this new venture into Web 3.0 services facilitated by blockchain technology, EMURGO aims at empowering African youths with access to educational opportunities that could potentially open doors into a more prosperous future via its partnership with Goodwall’s dynamic platform!
• Elon Musk’s tweet sparked the emergence of ChatGPT tokens in abundance.
• Crypto security company PeckShield discovered a wave of pump-and-dump schemes using the popular AI as a cover for scams.
• Following Elon Musk’s suggestion, TruthGPT chatbot was launched on Telegram and its native token, TruthGPT (TruthGPT) has gained popularity.
Elon Musk’s Tweet Sparks Emergence of ChatGPT Tokens
Elon Musk’s tweet on February 17th, 2023, inspired the emergence of ChatGPT tokens in abundance. Crypto security company PeckShield recently announced that there had been a wave of fraudulent pump-and-dump schemes using the popular artificial intelligence as a cover for scams. Two schemes have an unusually high sell tax rate while another two have dropped by 99%. Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new smart contracts deployed using honeypot technique.
TruthGPT Launched On Telegram After Elon Musk’s Suggestion
Following Elon ‚Chief Twit‘ Musk’s suggestion, TruthGPT chatbot went live on Telegram two days later with an indie alternative to ChatGPT and quickly gained popularity on Telegram for having a sense of humor. Its native token TruthGPT (TruthGPT) has 728 holders on the Ethereum (ETH) network and is priced at $0.007 with a total market value of $7,707,676 according to Poocoin.app.
PeckShield Discovers Wave Of Pump-And-Dump Schemes
Crypto security company PeckShield recently reported that there had been a wave of fraudulent pump-and-dump schemes using the AI as cover for scams. According to the report, two schemes have an unusually high sell tax rate while another two have dropped by 99%. Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new smart contracts deployed using honeypot technique.
Honeypot Techniques Discovered By PeckShield
Deployer 0xb583 has successfully scammed using honeypot techniques by deploying susceptible contracts and baiting victims with money. #PeckShieldAlert tweeted about dozens of newly created #BingChatGTP tokens which turned out to be 3 honeypots and 2 had high sell tax rates out of which 2 already dropped over -99%.
Conclusion
In conclusion it can be seen that following Elon Musk’s tweet about needing „a truth telling robot themed cryptocurrency“, Truth GTP chatbot was created with an objective personality and consequently its native token “Truth GTP” also gained popularity among crypto users due to its sense of humour . However , some malicious activities were also noticed such as creating several fraudulently smart contracts along with honey pot techniques being used by certain criminals to deceive people into investing their money in false promises .
• Airdrop farmers are betting on projects like Arbitrum and StarkWare as Layer-2 scaling solutions.
• StarkWare has already deployed its native token STRK and allocated 9% for those who have tested the network.
• Users should be cautious farming airdrops as multiple scams are trying to fool them.
Airdrop Farmers Betting on Layer-2s
Crypto airdrop farmers have concentrated their efforts around Ethereum Layer-2 scaling projects. According to Nansen, a blockchain research company, airdrop farmers are betting on Arbitrum and StarkWare, two of the most popular Layer-2 projects, to launch their tokens soon.
StarkWare Launches Native Token
StarkWare has seen huge inflows, mostly between $100-$1,000. The project has already deployed its native token STRK and allocated 9% for those who have tested the network. Other Layer-2s like zkSync have also seen an uptick in activity.
Farming Airdrops On Layer-2 Blockchains
Farming airdrops on Layer-2 blockchains is one of the most popular airdrop strategies. Users aim to get rewards from the Layer-2 blockchains and new projects built on top of them. Both Arbitrum and StarkWare have a variety of protocols in testnet and already functioning that have yet to launch their tokens.
Arbitrum May Not Launch Its Own Token
On the Flipside Arbitrum might never launch its own token and still function just as well as it does now. However, some speculate that Layer- 2 protocols are waiting for the bull market to return to launch their tokens.
Be Cautious With Airdrops Farming
Users should be extremely cautious farming airdrops as multiple scams are trying to fool them.
• The Sandbox (SAND) token has surged 221% since the start of the year, with a scheduled token unlock on Valentine’s Day.
• An analysis of the fear and greed index indicates that markets are greedier than last year.
• The Sandbox will be releasing 12% of its total token supply on February 14th, however experts suggest there could be a similar underperformance for SAND as there was in August.
The Rise of SAND
The Sandbox token, SAND, has seen an impressive 221% increase since the start of 2021 according to CoinMarketCap data. This surge is likely linked to anticipation for the scheduled token unlock on Valentine’s Day, where The Sandbox will release 12% of its total token supply among investors, advisors and team members.
Fear and Greed Index Analysis
The fear and greed index has indicated markets are greedier than last year, despite The Sandbox’s consistent partnerships and developments in Web3 space. At press time, SAND is reportedly 32% down since the last token unlock event in August 2020 according to CoinMarketCap data; however it gained 30% in 24 hours following a landmark partnership deal with the Saudi Government.
Bearish Valentine?
Historically, such events can bring about heavy sell pressure from investors due to an increase in circulating supply – enabling them to lock in profits. It falls upon project teams such as The Sandbox to counteract this negative impact by announcing positive news that could improve investor confidence.
Previous Token Unlock Event
CoinMarketCap data showed that nearly 75% of all significant traders were sell orders on the day after The Sandbox’s prior token unlock event in August 2020 – indicating investors looked to capitulate out of SAND tokens at that time. As such, experts anticipate similar underperformance for this upcoming event given a similar level of token allocation being released compared to before.
Conclusion
Although The Sandbox has made some impressive collaborations and contributions within Web3 space so far this year, it remains unclear how well its primary utility token SAND will perform following Tuesday’s scheduled unlock event compared to when it reached its all-time high back in February 2020 ($8.44). Investors should remain aware of bearish tendencies associated with such unlocks while also taking into account external factors that may positively or negatively affect price performance around these events moving forward
• Damus, a decentralized social networking platform powered by Nostr, has launched on Apple’s App Store.
• Jack Dorsey, the co-founder of Twitter, is a contributor to the Damus project.
• The launch of Damus is a significant milestone for decentralized social media networks and adds more competition to Twitter.
Damus Launch on Apple’s App Store
Nostr, based on cryptographic keypairs, has announced the launch of its most popular mobile app Damus on the App Store after three failed attempts. Jack Dorsey, the co-founder of Twitter who made a case for a decentralized alternative to the app, is also a contributor to the Damus project. Reacting to the news, Dorsey tweeted: „a milestone for open protocols…“
Features of Damus
Damus markets itself as the „social network you control.“ They plan to build it into a social media platform with uncensored content which allows for censorship-resistant and permissionless communications. It utilizes decentralized relays to distribute messages sent through it and has built-in payments through Bitcoin Layer-2 Lightning Network.
Twitter’s Response
Twitter is also trying to catch up with its competitors and recently announced the launch of its own payment system which could include crypto payments on their app.
Significance
The launch of Damus on the app store is a significant milestone for decentralized social media networks and adds more competition to Twitter. This move could bring decentralization closer to users and make other centralized apps such as Twitter face more competition in this sector.
Conclusion
The launch of Damus signifies an important development in decentralizing digital content and making it accessible even without trusting third parties or governments with internet access rights or censorship regulations. It brings us closer towards achieving an open protocol where users have full control over their data and communications while providing an alternative option in comparison with major centralized services like Twitter.
• This article discussed the idea of using technology to help improve employee wellbeing in the workplace.
• Technology can be used to promote healthy habits, create a sense of community, and increase transparency across teams.
• Examples of technology that can be used to improve employee wellbeing include personal health trackers, virtual team building activities, and communication tools.
The workplace is a place of productivity and progress, but it’s also important to ensure employees are taken care of and supported. In order to achieve this, many companies are now turning to technology to improve employee wellbeing. Technology can both support employees’ mental and physical health, and ensure that teams are connected and communicating effectively.
Personal health trackers, such as fitness trackers or dieting apps, can be used to help employees develop healthier habits, both in and out of the workplace. This could involve tracking physical activity, or logging meals and calories.
Virtual team building activities can also be helpful in improving employee wellbeing. For instance, companies can set up virtual group activities or events, such as online quizzes or group fitness classes, to help teams come together, relax, and connect.
Finally, technological tools such as communication platforms, instant messaging apps, and video conferencing software can be used to create transparency and facilitate communication across teams. This helps to ensure that all employees feel connected and supported, and can easily reach out if they are feeling stressed or overwhelmed.
By using technology to promote healthy habits, create a sense of community, and increase transparency, companies can help ensure that their employees are taken care of and supported. This can result in improved morale and productivity, and a better overall working environment.
Bullet points:
• The Crypties 2022 were a gala event held in December 2022 at Art Basel in Miami.
• Onstage panels and interviews were held from conferences and summits, including Tezos co-founder Kathleen Breitman talking at Web Summit in Lisbon, and a panel on raising venture money even during Crypto Winter.
• Celo won the Social Impact Award at the Crypties from presenter Dan Roberts of Decrypt Media.
The Crypties 2022 event was a gala awards show held in Miami at Art Basel in December 2022. It was hosted by renowned media personality Josh Ostrovsky, better known as “The Fat Jewish”, and sponsored by a range of crypto projects, including Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.
The show included a variety of onstage panels and interviews from conferences and summits. Tezos co-founder Kathleen Breitman was a guest speaker at Web Summit in Lisbon, where she discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming.
Another panel featured Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock – the group discussed raising venture money even during Crypto Winter.
The highlight of the evening was the announcement of the Social Impact Award won by Celo. Marek Olszewski accepted the Cryptie from presenter Dan Roberts of Decrypt Media, beating out a range of other nominees including Ukraine DAO, Dream DAO, Proof of Protest, and Digital Diaspora.
The Crypties 2022 was an exciting and inspiring event that showcased the very best of the crypto world. From panels discussing the future of blockchain technology to awards recognizing those making a real impact, it was a night to remember.