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Bitcoin Spot ETFs allowed Down Under

By
Dave Triplett
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0

Bitcoin Spot ETFs allowed Down Under

While Australia allows Bitcoin Spot ETFs, the West is tightening crypto sanctions against Russia. But Ukraine also sees itself compelled to adopt a more restrictive approach to BTC.

Australia allows Bitcoin Spot ETFs

As the world’s eighth country, Australia is paving the way for the launch of crypto-based spot ETFs. On April 27th, several stock exchange products that are directly linked to Bitcoin or Ethereum will be starting at the same time Down Under. It starts with the Bitcoin ETF from Cosmos Asset Management . Its approval has been known since April 19, experts expect an inflow of one billion US dollars into the financial product, which will be listed on the Cboe Australia stock exchange. The ETF had previously reached the required amount of clearing participants. A day later, 21Shares also announced the requirements for a listing on the Cboe Exchange to have achieved. The company wants to offer both a Bitcoin and an Ethereum ETF. Coinbase acts as custodian.

Gabor Gurbacs, director of fund manager VanEck , used the positive decision in Australia as an opportunity to criticize US ETF policy. Spot ETFs are still not permitted there, and a number of applications are still pending with the SEC . Gurbacs therefore spoke of a “big loss for investors”.

Sanctions hit Russia’s bitcoin miners

While the ETF debate in the US stagnated, Washington has already stepped up its measures against the Russian war of aggression. Because the US sanctions strategy has been trying for weeks to not leave any loopholes open for Russia in the crypto space. As a result, on April 20, the first Russian prospecting company ended up on the Ministry of Finance’s sanctions list. Moscow mining company BitRiverand its ten subsidiaries are now considered Specially Designated Nationals, their US assets are frozen, and Americans are prohibited from doing business with them. Previously, there were repeated suspicions that Russia could generate foreign exchange using Bitcoin mining. After all, the giant country has large energy reserves and a well-developed mining industry. However, because the industry relies on hardware imports, it is also vulnerable to sanctions.

Binance imposes restrictions on Russia

In addition to the US, the EU also increased economic pressure on the Kremlin last week. The fifth package of sanctions is also forcing the world’s largest bitcoin exchange , Binance, to take tougher action . It must restrict its services to all Russians who have crypto assets worth more than 10,000 euros on their Binance-have accounts. Binance puts these accounts in a “withdrawal-only” mode, with no deposits or trades allowed. The crypto exchange also blocks staked and already earned deposits. Affected Russians with more open futures and derivative positions have 90 days to close them. Russia used to be one of the largest markets for the global trading platform. Binance now believes that soon all crypto exchanges will have to follow such a restrictive course.

Ukraine bans bitcoin purchases

The West is increasingly cutting Russia off from the crypto market, but the Ukrainian central bank also has to take a restrictive course with Bitcoin and Co. To prevent “unproductive outflow of capital” from the war-torn state , the National Bank banned the purchase of cryptocurrencies with the national currency hryvnia on April 21. However, the BTC purchase with foreign currencies is permitted. However, there is an upper limit of 3,300 US dollars per month. The central bank justifies this step with reference to the applicable martial law. Some Ukrainian private banks introduced similar measures on their own back in March.

Crypto paradise Germany?

Is Germany the most bitcoin-friendly place on earth? At least that’s what the ranking of the analysis company Coincub wants for the first quarter of 2022 . The Federal Republic was previously in fourth place, replacing Singapore in pole position. The ranking is based on a number of factors, such as the number of initial coin offerings made and the status of crypto offerings at financial institutions. A progressive crypto tax policy and the “unique institutional attitude to crypto as a long-term investment for savers” spoke in favor of Germany. Coincubemphasized in particular the advanced adaptation by the Sparkasse as a positive reason for the decision. Singapore slipped to second because of its restrictive stance on crypto advertising and a ban on Bitcoin ATMs. On the other hand, the Netherlands, France, Spain, Hong Kong and Switzerland were able to improve their positions.

Bitcoin (BTC) Price Forecast: The five most bullish Bitcoin predictions to 2030

By
Ismael Brooks
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0
Bitcoin (BTC) Price Forecast The five most bullish Bitcoin predictions to 2030

Bull Run incoming! At least that is the credo of the Bitcoin perma bulls. $100,000, $200,000, $1 million per bitcoin? The imagination knows no limits. Putting on dollar glasses, we take a look at the five most bullish forecasts for the #1 cryptocurrency’s price

1. Max Keizer and redfly.eth: $100,000, date unknown

Let’s start moderately. If crypto early adopter Max Keizer has his way, we’ll eventually have to pay $100,000 for a bitcoin.

Apart from the chart, Keizer justifies his forecast with the vague statement that fiat currencies are a “barbaric relic” and will be replaced by BTC.

2. Thomas Lee: 125.000 US-Dollar bis 2023

Sometime between 2021 and 2023 the time has come: One Bitcoin is worth over 125,000 US dollars. At least that’s what Thomas Lee thinks.

That prediction isn’t entirely unfounded, because Lee is the founder of Fundstrat. The company analyzes market data and has a knack for assessing past price developments.

Meanwhile, Lee still believes in the “white Christmas”. His bet: Bitcoin to reach $25,000 by the end of the year.

3. Tim Draper: 250.000 US-Dollar bis 2022

With the help of the crypto holy spirit and a crystal ball, venture capitalist Tim Draper ventures a glimpse into the future from minute nine . drum roll please

“$250,000 per bitcoin by 2022. They think you’re crazy, but it’s happening, it’s going to be crazy.”

You can of course skip straight to the course forecast. However, you then miss the highlight of the video: Draper’s vocal performance from minute three. Worth it.

4. Jeremy Liew and Peter Smith $500,000 by 2030

Jeremy Liew is known as one of the early investors in Snapchat. In a presentation he gave with blockchain CEO Peter Smith, Liew came out as a bitcoin enthusiast. By 2030, each bitcoin should be worth half a million US dollars.

The two provide a reason at the same time. The argument builds primarily on bitcoin’s suitability for international money transfers. Liew and Smith expect “the percentage of bitcoin-based remittances will increase sharply as awareness of bitcoin increases.”

5. John McAfee 1 Million US-Dollar bis 2020

And the Oscar goes to…  John McAfee won’t be contesting the title of maximum bull any time soon. $1 million per bitcoin by 2020? Wow. One can be taken aback by so much optimism. Especially since “a lot” is at stake. We remember this iconic tweet from the former software magnate:

His original bet, $500,000 by the end of 2020, seemed “conservative” to McAfee. So he promptly doubled to one million Bitcoin, or “Bircoin,” as McAfee erroneously writes. Bircoin is also the name of the website that compares the actual price developments with the forecast. Since May 2018, however, BTC has traded below target.

For it to be anything, the Bitcoin price would have to rise by an average of 0.5 percent per day. However, that sounds like a daring thesis. What the grand-père terrible seems to have noticed in the meantime: McAfee has made a 180-degree turn and has recently been extremely bitcoin- critical .

So are we all getting rich?

What unites the cops is their criticism of the antiquated fiat money system. Part of the narrative is therefore the (partial) displacement of classic central bank money by Bitcoin & Co. If that happens, the predictions are no longer so hair-raising.

In addition, over 80 percent of the tokens have already been mined. The next Coinbase Reward Halving is also scheduled for May, when money supply growth will be even slower. With increasing demand – and this is becoming apparent – ​​according to Adam Riese, the course only knows one direction .

Despite “Fear, Uncertainty and Doubt”: Hodl-Army stood still!

Will the Bitcoin ban be rolled back?

By
Naomi Glover
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0

Research shows that there are also voices in the EU Commission calling for a proof-of-work ban for cryptocurrencies such as Bitcoin. But the drops should have sucked.

It came as a shock to crypto-Europe. When the Economic Committee of the European Parliament voted on a draft regulation that included a ban on trading in Bitcoin and Co., all the alarm signals went off. Because the amendment that the Greens, SPD and Left had introduced in the final vote had a real chance of approval. Ultimately, however, the ban version did not prevail; By a vote of 30 to 23, the ECON committee rejected a MiCA version that would have implied a de facto Bitcoin ban after 2025. So it was a thriller until the end – we reported up close .

But the topic is still hot. As previously unknown documents first published by netzpolitik.org show , there are also voices in the EU Commission that share the position of the PoW ban block. For example, minutes of a meeting between EU officials and Swedish tax officials show that there is no need to “protect the Bitcoin community”. After all, other coins such as Solana are also viable. Spicy: Solana is a proof-of-stake coin and thus – unlike Bitcoin – uses a technology that is not a thorn in the side of the EU regulators. The document states:

[It stands to reason] that one could also migrate BTC from PoW to PoS. If Ethereum is able to switch, we could legitimately ask BTC to do the same.

It is no longer possible to reconstruct who actually made the statement. The EU has redacted names in its response to the freedom of information request. But: A proof-of-work ban is therefore also in the interest of certain EU officials.

Swedish position was known for a long time

Alone, what does that mean now? The answer is relatively clear. The documents unearthed are old. As the mail traffic shows, the talks between the officials most likely took place in November 2021. At the beginning of November 2021, the Swedish Financial Supervisory Authority published a letter calling for a ban on “energy-intensive mining” . So the Swedish position was known for a long time.

The documents actually show that there are officials in the EU Commission who would support a PoW or mining ban in Europe. However, these are individual opinions and not a commission position. The original MiCA regulation proposal was tabled by the Commission. It should be noted that this did not contain a BTC trading ban, but was subsequently supplemented by the ECON committee.

Bitcoin ban not majority capable

Even in the hypothetical case that the EU Parliament had voted in favor of the bill containing the de facto ban on PoW, its implementation would have been extremely unlikely. Finally, the draft still has to go through the trialogue of the Council of Europe, the Commission and Parliament, and such a project cannot win a majority either in the Council or in the Commission.

The Green economic politician and member of the European Parliament Rasmus Andresen said to BTC-ECHO: “We Greens will continue to advocate clear criteria instead of mere declarations of intent. The last word has not yet been spoken.”

With a view to the facts, however, one has to state: Yes, with regard to a proof-of-work ban in Europe, the last word has actually been spoken. It won’t come.

By the way: In issue 58 of the BTC-ECHO magazine, we look at the mystery surrounding the European Bitcoin ban in great detail.

The Kashmir Files Box Office: Film crosses Rs. 330 cr. at the worldwide box office :How to Watch – Bollywood Hungama

By
Ismael Brooks
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0

The Vivek Agnihotri directed venture The Kashmir Files has been unstoppable at the box office since its release over three weeks ago. After opening on a modest note, the film, which saw an increase in the total number of screens from 650 to 2000, also witnessed an exponential growth in business. Managing to cross both the Rs. 100 cr. and the Rs. 200 cr. mark, The Kashmir Files has fast become one of the most successful release of recent times. Interestingly, now after its fourth weekend running the film, which features Anupam Kher, has managed to cross the Rs. 300 cr. mark at the worldwide box office.

Collecting Rs. 288.27 cr. gross from the domestic market alone, The Kashmir Files managed to draw in a further Rs. 42.25 cr. from the overseas markets. With this, the total worldwide collections of the film is currently pegged at a staggering Rs. 330.52 crores. Looking at the business of The Kashmir Files, an important factor to note is that the venture has managed to hold its momentum at the box office despite new releases in the form of Bachchhan Paandey, RRR and more recently Attack – Part 1 hitting screens.

Going forward, trade predictions share an optimistic view claiming that the business of the film will continue to see further growth as the week progresses. In fact, advance estimates suggest that the business of The Kashmir Files will eventually cross the Rs. 250 cr. mark by the end of its fourth week in theatres.

The Kashmir Files Worldwide Box Office at a glance:

India box office Nett: Rs. 245.03 cr.

India box office Gross: Rs. 288.27 cr.

Overseas Gross: Rs. 42.25 cr.

Worldwide collections Gross: Rs. 330.52 cr.

The Kashmir Files Box Office Collection till date, Day wise earning

Despite this, the film had a steady increase of Rs 3.55 on its first day of release. Taran Adarsh, a trade analyst, revealed the film’s opening weekend box office total and anticipated that the picture would experience a significant increase throughout the weekend.

DayEarning
Day 1 Box office Collection3.55 Cr
Day 2 Box office Collection8.50 Cr
Day 3 Box office Collection15.10 Cr
Day 4 Box office Collection15.05 Cr
Day 5 Box office Collection18 Cr
Day 6 Box office Collection19.05 Cr
Day 7 Box office Collection19.50 Cr
Day 8 Box office Collection20.1 Cr
Day 9 Box office Collection24.5 Cr
Day 10 Box office Collection26.2 cr
Day 11 Box office Collection14 Cr
Day 12 Box Office Collection15-16 Cr
Day 13 Box Office Collection

Chingari, powered by GARI – India’s most popular Short Video App joins World Blockchain Summit – Dubai 2022 as Presenting Sponsors

By
Team City Telegraph
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0
  • The 22nd global edition of World Blockchain Summit is being held under the patronage of HH Sheikh Juma Ahmed Juma Al Maktoum, a member of the ruling family of Dubai.
  • The summit will provide a common platform to global crypto leaders, blockchain gurus, pre-qualified investors, government representatives, crypto enthusiasts, and media outlets.

India’s fastest-growing short-video app, Chingari, powered by GARI has joined World Blockchain Summit – Dubai 2022 as Presenting Sponsor. The 22nd global edition of World Blockchain Summit will be held on 23 – 24 March 2022 in Dubai. The mega event which is one of the biggest gatherings of elite global crypto and blockchain leaders and enthusiasts is taking place at the Atlantis, The Palm in Dubai. 

Launched in 2018, Chingari powered by GARI entertains 130M+ users across India, and witnesses videos in 15+ languages. Moreover, it supports real-time video commerce, where every video that gets uploaded is parsed frame by frame and all detected objects are matched with Amazon’s live catalogue which enables the users to shop through the platform.

Chingari powered by GARI also empowers its creators and users for liking and sharing the content on the app through its native crypto, GARI Social Tokens. It facilitates content monetization and rests the power of content creation directly in the hands of the creators.

Commenting on the Sponsorship, Mr Sumit Ghosh, CEO and Co-Founder, Chingari, powered by GARI said, “We are honoured to be the presenting partners of the 22nd Global edition of World Blockchain Summit that brings global crypto and blockchain community under one roof. The platform will provide us with an opportunity to build stronger relationships with our existing community as well as engage with crypto leaders, investors, government representatives, crypto enthusiasts from across the world. It will also bring the global players closer to the revolutionary GARI powered, Chingari app.”   

Mr Sumit will be an esteemed panellist for the session, ‘The Metaverse: The Digital Universe: State of the Industry – Where the Metaverse is Today.’ The panel will discuss the current state of Metaverse and its potential to become the next internet. 

“We are extremely honoured to feature Chingari & $GARI Social Tokens at World Blockchain Summit – Dubai as Presenting Sponsor,” noted Mithun Shetty, CEO of Trescon. He added, “It is exciting to see how Chingari’s unique and innovative content monetization technology through $GARI Social Tokens is empowering many content creators across the globe.”

“World Blockchain Summit is a great platform for the best projects to showcase their products to the world with Dubai being a global hub. It presents a great opportunity for the best developers, renowned investors, regulators, and decision-makers to come all together under one roof to discuss ideas and form synergies,” stated Furqan Rassul, CEO of Elite Partner Investment.

About Chingari:

Chingari, powered by GARI is India’s fastest-growing short-video app launched in 2018. Since then, the home-grown app has emerged as the one-stop destination for entertaining, engaging videos across diverse categories such as dancing, singing, transformation, innovative skills, etc. Chingari’s eclectic platform entertains 130M+ users across India, and witnesses videos in 15+ languages.

About $GARI Social Tokens:

$GARI Social Tokens- were launched by Chingari- India’s fastest growing short-video app in 2021. With a combined community of 130M+ and growing, Chingari as an app not only delivers on numbers but also has been ahead in taking initiatives for the greater good of society as well as its audience under one roof.

About Elite Partner Investment

Elite Partner Investment is a UAE-based Investment Management company with interests in technology, mining, energy, and real estate chaired by HH Sheikh Juma Ahmed Juma Al Maktoum. Areas of the group’s interest include early-stage technology and creating value through innovation and synergies. His Highness enables the company and its partners to access and work at the highest level with government and leading multinationals around the globe; enabling them to grow, expand and access new markets.

About World Blockchain Summit:

World Blockchain Summit is a global series of elite gatherings that takes place in 16+ destinations across the world. It connects global blockchain gurus and technology players in this space including emerging startups – with regional businesses, government authorities, IT leaders, tech entrepreneurs, investors, and blockchain developers.

About Trescon:

Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments, and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect, and consulting services.

As TRON Grand Hackathon 2022 Season 1 Comes to a Close, Project Winners Released

By
Team City Telegraph
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0

Following the tremendous triumph of the TRON Grand Hackathon 2022 coming to an end, we’ve been watching the hackathon’s most popular projects in all four tracks, Web3, NFT, GameFi, and DeFi, on the TRON DAO Forum. We’re ecstatic to see the winners were released.

Activity on the Forum accounted for 40% of the overall score. The Forum has been a powerful place for developers to come together, share ideas, create threads, and interact with each other about the crypto community.

Community reviewers transparently voted on the TRON DAO Forum. Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. 

With the judging period beginning on March 8 and ending on March 11, the crypto community was very keen and thrilled to see the results.

Here are the winning picks in each of the four tracks:

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal is not only to play games but bring back the social aspect that arcades had.

“Congrats to the team for their dedication in building what adds great value to the experience of their users. So excited for the great success achieved so far and looking forward to achieving more success in the future,” a commentator said.

The TRON ecosystem is excited for the project winners. Congratulations to all. Season 2. begins May 16, 2022.

Crypto.com Price Prediction — Backed by Matt Damon Will CRO Hit $1 Soon?

By
CT Forecast (Staff Writer)
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0
  • Bullish CRO price prediction is $0.538 to $0.975.
  • CRO price will also reach $1 soon.
  • CRO bearish market price prediction for 2022 is $0.2.

In Crypto.com (CRO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about CRO to analyze the future movement of the cryptocurrency. 

CRO Current Market Status

According to coingecko, the price of CRO is $0.414 with a 24-hour trading volume of $84,565,718 at the time of writing. However, CRO has decreased to 1.8% in the last 24 hours.

Moreover, CRO has a circulating supply of 25,263,013,692 CRO. Currently, CRO trades in cryptocurrency exchange such as OKX, DigiFinex, Bybit, CoinTiger, and Bitget.

What is Crypto.com (CRO)?

Crypto.com is the native token of the Crypto.com Chain. The Crypto.com Chain is a high performance native blockchain solution that makes transactions between crypto users and merchants seamless, cost-effective and secure. Businesses can use Crypto.com Pay Checkout and / or invoice for customers to complete check-outs for goods and services through cryptocurrencies using the Crypto.com Wallet app.

Moreover, Businesses receive all their payments immediately at the CRO or Fixed Currency or Fiat. CRO is now available on DeFi Swap. Users can switch CROs, from CRO Liquidity providers, to charge and increase yields up to 20 times while CRO stacking.

Crypto.com (CRO) Price Prediction 2022

Crypto.com holds the 16th position on CoinGecko right now. CRO price prediction 2022 explained below with a daily  time frame.

CRO/USDT Descending Channel Pattern (Source: Tradingview)

A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. 

The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.

Currently, CRO is at $0.41. If the pattern continues, the price of CRO might reach the resistance level to $0.668. If the trend reverses, then the price of CRO may fall to $0.32.

Crypto.com (CRO) Support and Resistance Level

The below chart shows the support and resistance level of CRO.

CRO/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of CRO.

  • Resistance Level 1 – $0.538
  • Resistance Level 2 – $0.688
  • Resistance Level 3 – $0.975
  • Support Level 1 – $0.3218
  • Support Level 2 – $0.2053

The charts show that CRO has performed a bullish trend over the past month. If this trend continues, CRO might run along with the bulls overtaking its resistance level at $0.975.

Accordingly, if the investors turn against the crypto, the price of the CRO might plummet to almost $0.2053, a bearish signal.

Crypto.com Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of CRO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of CRO lies below the cutoff line, indicating weaker participants in the current trend.

CRO/USDT RVOL, MA, RSI (Source: TradingView)

More so, the CRO’s Moving Average (MA) is shown in the chart above. Currently, CRO is in a bearish state. Notably, the CRO price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of CRO at any time.

Meanwhile, the relative strength index (RSI) of the CRO is at level 45.10. This means that CRO is in an nearly oversold state. However, this gives confidence for the traders to trade without any fear.

Crypto.com Price Prediction 2022 — ADX, RVI

Let us now look at Crypto.com’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. ADX is a component of the Directional Movement System. This system attempts to measure the strength of price movement in the upward and downward directions using DMI indicators with ADX.

CRO/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Crypto.com. Currently, CRO lies in the range at 20.67, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of CRO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CRO is below the 50 level, indicating that the direction of volatility is low. In fact, CRO’s RSI is at the 45.10 level thus confirming a potential sell signal.

Comparison of CRO with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum and Crypto.com.

BTC Vs ETH Vs CRO Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC and CRO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CRO also increases or decreases respectively.

Conclusion

With continuous improvements in the Crypto.com network, we can say that 2022 is a good year for CRO. For this reason, the bullish price prediction of Crypto.com in 2022 is $0.975. On the other hand,  the bearish CRO price prediction for 2022 is $0.20.

Furthermore, with the advancements and upgrades on the CRO ecosystem, the performance of CRO would rise reaching $0.66 very soon. But, it might also reach $1 if the investors believe that CRO is a good investment in 2022.

FAQ

What is Crypto.com?

The Crypto.com chain was created to build a network of crypto projects and enhance the ability of merchants to adopt crypto as a form of payment.Where can you purchase CRO?

CRO has listed on many crypto exchanges which include OKX, DigiFinex, Bybit, CoinTiger, and Bitget.Will CRO reach a new ATH soon?

With the ongoing developments and upgrades within the CRO platform, it has a high possibility of reaching its ATH soon.What is the current all-time high (ATH) of Crypto.com?

On Nov 24, 2021, CRO reached its new all-time high (ATH) of $0.9654.Is CRO a good investment in 2022?

Crypto.com seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of CRO in the past few months, CRO is considered a good investment in 2022.Can Crypto.com (CRO) reach $1?

Crypto.com (CRO) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Crypto.com (CRO) will hit $1 soon.What will be the CRO price by 2023?

Crypto.com (CRO) price is expected to reach $1.2 by 2023.What will be the CRO price by 2024?

Crypto.com (CRO) price is expected to reach $1.9 by 2024.What will be the CRO price by 2025?

Crypto.com (CRO) price is expected to reach $2.6 by 2025.What will be the CRO price by 2026?

Crypto.com (CRO) price is expected to reach $5 by 2026.

Terra Price Prediction: LUNA is shaking up the DeFi market – with bitcoin reserves

By
CT Forecast (Staff Writer)
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0

The stablecoin network Terra forms an important pillar in the DeFi ecosystem. This week, the Luna Foundation Guard sent LUNA price on a rally with one of the largest capital raises in crypto space.

Looking at the total capital deposited in DeFi applications, the Total Value Locked, one might think it is an uneventful week behind the crypto market. Compared to the previous week, there were hardly any outliers, the TVL is almost unchanged at a value of 193 billion US dollars.

What a mere look at the TVL does not reveal is that things are bubbling in the DeFi cosmos. Ethereum still accounts for a lion’s share of 57 percent of the total TVL. But the dominance of the largest smart contract platform is waning. Just a year ago, Ethereum had an 85 percent share.

No wonder. The field of participants has grown significantly since then. The Binance Smart Chain has long been its biggest pursuer. But the DeFi platform of the world’s largest crypto exchange is also feeling the pressure of the competition. Since May last year, Binance Smart Chain TVL has shrunk by $20 billion. The second largest DeFi platform has been Terra since last December.

Terra is reaching for the DeFi crown

The stablecoin network now handles almost ten percent of the entire TVL. The lead over Binance Smart Chain (BNB) has increased to $7 billion, data from Defillama shows.

Those: Defillama

Much speaks for the success of Terra. The algorithmic stablecoin network has become a mainstay for DeFi applications. 73 protocols are now built on Terra. But the stablecoin portfolio, of which TerraUSD (UST) is the flagship with a market cap of $12 billion, is only a partial explanation for the growth.

Terra is an algorithmic stablecoin network. Unlike Tether (USDT), for example, the stablecoins are not backed by fiat reserves, but by LUNA. The native token is used to increase and decrease the dynamic stablecoin supply and thereby compensate for price fluctuations. Through this interaction, Terra has managed the balancing act: stablecoins as a means of payment for DeFi applications on the one hand and LUNA as an investment on the other. 

Terra builds bitcoin reserves

Finally, earlier in the week, the Luna Foundation announced a $1 billion capital increase through the sale of LUNA tokens . The funds are used to build up reserves for the stablecoin Terra USD – in the form of Bitcoin. A kind of hedging in volatile market phases in which the algorithmic system is overloaded and can theoretically cause price deviations.

If demand constantly exceeds supply, exchange rate parity in the hitherto fail-safe Terra system is at risk. The Bitcoin reserves that have now been created are intended to serve as stabilization if this scenario occurs.

The news triggered a small rally. With a plus of 27 percent, the LUNA course showed the second best performance over the week among the top 100 cryptocurrencies. At the time of writing, LUNA is trading at $64.

Those: Tradingview

Anchor receives cash injection

The weekly performance of LUNA was only surpassed by the ANC token of the anchor protocol, which is now the seventh largest DeFi protocol at almost ten billion US dollars TVL. However, both are closely interlinked. Anchor is a savings protocol that enables fixed returns on Terra stablecoin deposits.

Since the reserves were falling due to faltering borrowing, the returns of 20 percent could no longer be maintained. In early February, the Luna Foundation Guard jumped in and gave the protocol a $450 million injection of cash from the sale of LUNA tokens.

The result: a jump from 1.77 US dollars to currently 3.47 US dollars. Since February 11, the ANC rate has increased by 96 percent. With an increase of 75 percent, ANC is the weekly winner among the top 100 cryptocurrencies.

Those: Tradingview

The most important crypto news of the week

By
Stella Mason
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0

War in Ukraine and how Bitcoin will continue, a possible Bitcoin ban has made waves, Bitpanda is becoming a Bitcoin bank, TenX founders have apparently hacked the DAO and Mexico wants to orient itself to El Salvador when it comes to Bitcoin.

The week was overshadowed by the shocking images from Ukraine. The most important events at a glance:

war in Ukraine

Since Thursday, February 24, there has been certainty. There is war again in Europe. With air and ground troops, Russia advanced into Ukraine. Large streams of people are said to have fled in Kiev, and the supply in the capital is threatening to collapse. The Ukrainian President Volodymyr Zelenskyj then declared a state of war.

Nerves are also on edge on the financial and crypto markets. The next few hours should be a real rollercoaster ride for investors. While crypto assets such as Bitcoin initially collapsed and crisis assets such as gold were significantly higher, the tide turned again and Bitcoin turned positive. The oil price was also able to increase significantly due to the confusing situation. The Russian stock index (RTS) literally imploded and the ruble also suffered heavy losses.

Crypto space appalled by EU bitcoin ban

A possible Bitcoin ban in Europe caused a stir this week. A final draft by the EU Parliament provides for a ban on proof-of-work-based cryptocurrency services. The SPD, the Greens and the Left prevailed in the negotiations. The message had made waves in crypto space. 

However, on Friday, February 25, Stefan Berger, CDU politician and member of the European Parliament, made the point . The European politician suspended the planned vote on February 28th.

Milestone for Bitpanda: Viennese fintech becomes a bitcoin bank

As BTC-ECHO exclusively learned, Bitpanda was able to complete the first acquisition in the company’s history. With the London start-up  Trustology  , the Austrians are taking over a leading provider of custody solutions for crypto and DeFi wallets in Great Britain.

With the takeover, Bitpanda Custody will become one of the largest custodians in Europe in one fell swoop.

TenX Founder Toby Hoenisch a Crypto Criminal?

The DAO hack of 2016 is still one of the most spectacular hacks in the history of the crypto market. Now there are accusations against Toby Hoenisch, co-founder of TenX, who is said to be responsible for the 2016 DAO hack. 

Mexico wants to orient itself to El Salvador

Will Mexico be the next country after El Salvador to adopt Bitcoin as legal tender? At least that’s what Mexican Senator Indira Kempis seems to have in mind after returning to Mexico from a trip to the Bitcoin Mecca.

Dash with no CEO and no plan? Crypto Price Prediction

By
Stella Mason
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0

It was announced last week that longtime CEO Ryan Taylor was stepping down. As it stands, the less token-rich masternodes have won a victory over heavy whales through their merger. Because Taylor’s position has long caused a rift in the community.

Must Read on Regulation

While still trading at around $206 on February 25, 2021, the CASH coin is trading at just under $89 at the time of writing . The graphs show that this is not a “slip”. Last week it was announced that the longtime CEO of the Dash Core Group, Ryan Taylor, is leaving his position at the head of the development team. Was that it with DASH and its promise of a more efficient means of payment?

DASH split in two

The change in leadership is actually not the end of the digital currency, but rather its rebirth. That’s what a developer said in an interview with BTC-ECHO, who did not want to be named. In general, the DASH supporters are polarized.

Also Read: Ethereum (ETH) and Near Protocol ( NEAR) recover significantly, Cardano (ADA) loses key support Price Prediction Updated Feb 2022

So far , there have been people who saw Ryan Taylor as someone who should make DASH internationally known. They approved of the high expenses in the areas of business development and marketing. They also advocated concentrating DASH investments on Venezuela.

On the other hand, DASH supporters criticize that DASH lost sight of the development area – financially and with attention. The displeasure of this side was great. There has been talk of no real progress since Taylor was hired. In addition, Taylor would have repeatedly hired people without vision, who often left the company after only a short time and would not have had sufficient expertise in their areas. When it became clear in 2021 that the promised “Evolution” update would not come this year either, the fire began to blaze. Without a developer background, Taylor could not take any network-promoting measures – the disappointment was huge.

The straw that broke the camel’s back

A conflict between board member Mark Mason, in charge of public relations, and Ryan Taylor, which went public earlier this year, is the final straw. Taylor would have “kept” Mason out of projects without Mason knowing and without community involvement. However, Mason is paid for doing his job through a special community fund.

In an online AMA , Taylor explains that he only did it to protect the DASH network. According to Taylor, Mason didn’t have the ability to distinguish between “determined” and “aggressive.” This would have led to unprofessional situations with integration partners in the past. Despite this, faith in Taylor, particularly among his critics, is now completely lost.

DASH-Krimi mit Gamestop-Vibes

In order to understand the following, it is necessary to know that in the votes, applications for funding are submitted by different projects and entities. The Dash Core Group, headed by Ryan Taylor, has been a candidate since its inception and has always been allocated a share of the investment in developing and building the network.

When the monthly voting on the allocation of fund shares in the Dash community was due in the night from February 21 to 22, the anger that had been building up among individual developers for months came to a head.

It seemed like the Dash Core Group was going to be defunded. Because, many developers openly stated that they would vote “no” unless Taylor resigned. About six hours before the votes were counted, things were so bad for the then-CEO that he asked for his immediate resignation as CEO and as a member of the board.

The developer explains to CityTelegraph what was remarkable about it:

About 180 nodes took part in this vote. Of these, few were very large whales, about a handful of large whales and the rest of the voters were made up of many small ones.

My analysis found that the big whales voted in favor of the motion and allowing Taylor to remain in his role as CEO. However, the small majority voted no and thus achieved his resignation. … That speaks for a good decentralization in the network, despite the fact that the will of this group was not taken into account for almost five years

What are the next steps?

According to the developer, the community is relieved about this result, but at the same time excited to see how the decentralized project will continue. First, the question of the CEO must be clarified. There are three suggestions to choose from.

Some want a new CEO with a developer background, others want Dash to remain topless, and the last group wants the current Chief Technology Officer to lead the Dash Core Group.

It remains to be seen who will ultimately fill the new post. Then it should be decided to what extent the separation from Ryan Taylor was actually a profitable idea.

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