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Latest DeFi News
Find out the latest news about DeFi impacting the world of cryptos, as well as: GameFi, NFT and Metaverse.
Pour les investisseurs, la qualité d’un projet est plus importante que le fait d’être en bear market.
Les projets à fort potentiel comme KAIKO attirent autant d’investisseurs que quand le marché était haussier.
On peut même dire que quand un projet est prometteur, les investisseurs se bousculent pour être de la partie.
Si les capitaux se font plus rares, ils n’en sont pas moins toujours bien présents. KAIKO, par exemple, vient de lever 53 millions de dollars.
Are you ready to lose your funds deposited in the exchanges and maybe even in your bank?
The bear market is very bad for exchanges, trading platforms, and even banks. Indeed, if in theory you can’t lose the money you put in the bank, it is no less certain for what exceeds 100’000 Euros and it is the same in the USA, Canada, where guarantees are offered but not on the entire account if it exceeds a certain amount.
In the last DeFi news, we talk almost every day about the problems of the lending platforms. They allow users to lend, borrow and earn interest with their digital assets. BlockFi is one of these lending platforms. They offer several lending services to the markets. The questions that arise are: how are users’ assets managed on BlockFi and others?
Indeed, we can only notice that more and more users of these platforms get their money blocked and it is often the same on centralized trading platforms, in this case, either trading is interrupted at the worst time for traders, or their money is blocked when they want to withdraw it under the pretext of security checks.
Where are the users’ funds after they have been deposited in the BlockFi protocol, (to take just this example)?
In concrete terms, the assets managed on the platform can be transferred, lent, sold, mortgaged, re-mortgaged, donated or re-pledged. They can also be handled separately or with other types of assets. Digital assets deployed on BlockFi are also stored through the use of wallet providers, exchanges and custodians. This storage is typically in interest-bearing accounts, provided the assets are not used as collateral for a loan.
It’s up to each individual to take his or her own risks, but at least with the right information from the start.
Le Bitcoin aurait-il atteint son prix le plus bas ?
Le prix du Bitcoin est actuellement coincé entre 20000 $ et 23000 $, aurait-il atteint son prix plancher ?
Les traders et les analystes, en général, ne le pensent pas. Ce n’est en tout cas pas leurs discours. Pour beaucoup, les marchés doivent s’attendre à d’autres baisses.
Pour ma part, je pense que la question ne se pose pas encore, sauf si:
on franchit les 23000 $ avec du volume et que ce prix devienne le nouveau support, alors on pourrait viser les 27000 $.
Il faudrait pour cela que le marché des actions parte également à la hausse.
Autrement, on peut très bien aller chercher les supports les 20 000 $ à nouveau et si cette ce support cède à nouveau, alors on pourrait faire un plus bas assez rapidement.
Pour en savoir plus sur le prix et ce qu’il pourrait bien faire, vous pouvez retrouver des analyses pertinentes dans l’article consacré au : crypto trading.
Latest bear market news
And if Bitcoin goes down to $12,000, what do you do?
In general, when the price of Bitcoin is at its highest, a lot of people say: “If Bitcoin goes down at least 50%, then I’ll buy. Except, that’s what they say when it’s at its highest, but when it’s down 50%, what happens?
I’ll let you guess, in short, Bitcoin would have to lose 50% or 80% but following good news for people to buy.
Let’s be serious, the investors who are going to earn a fortune again in the next few months are not going to be influenced by market noises, by what this or that magazine or journalist writes, which are often just parrots who are there just to relay the dominant idea of the moment and note events that they don’t understand much about.
In fact, the fall in the price of Bitcoin is to be seen as an opportunity that was absolutely unthinkable a few months ago. Those who believe in this ecosystem and have understood what Bitcoin is all about are jumping for joy, while others are crying.
The solution: you have to read up on the whole ecosystem, not just one aspect. Buy out of conviction and with a vision, otherwise, indeed, it is better to abstain.
Why do people lose a fortune with Bitcoin?
Simply because they don’t know anything about it and buy Bitcoin when everyone else is buying, which is the worst possible time for real investors to sell.
In short, buying high and selling low is the ideal formula for ruining yourself, and yet that’s exactly what most people do.
Knowing how to take advantage of Bitcoin’s volatility is what those who make a fortune from cryptocurrencies do. It’s not too complicated, but on the other hand, it may not be as simple as most people think.
The most wanted person in Europe and the world for cryptocurrency scams, is it a man or a woman?
On June 30th, the Federal Bureau of Investigation (FBI) added Ruja Ignatova to its list of most wanted fugitives on 8 counts.
This means that Ruja Ignatova enters the Top 10 Most Wanted Fugitives, along with Arnoldo Jimenez, Alexis Flores and Rafael Caro-Quintero.
What did she do?
She took $4 billion from people who put their trust in her fake cryptocurrency called OneCoin.
Ruja Ignatova was able to seduce investors at the time. She was able to fill rooms like the Wembley Arena in London.
This, among other things, contributed to the massive influx of customers into her in-between. In 2016, OneCoin had about 3 million investors.
Namely, a reward of 100,000 dollars will be offered to anyone with information that could lead to the arrest of Ruja Ignatova.
Remember? She managed to swindle 4 billion dollars from those who invested in OneCoin.
Les influenceurs ont-ils un effet positif ou nocif sur les investisseurs ?
On peut dire qu’en général ils ont une influence plutôt positive, sauf que, quand cela dérape, cela se voit, et ça peut faire mal.
Certains influenceurs peut scrupuleux peuvent très bien acheter une crypto et s’arranger pour faire monter le prix en utilisant des arguments qui dépassent le bon sens.
Ils manipulent des informations véridiques en les sortant de leur contexte.
Il faut comprendre que dans le domaine des cryptomonnaies, il est possible pour un influenceur de gagner rapidement de l’argent, beaucoup d’argent.
S’il achète au tout début d’un projet un token et qu’il a une communauté assez importante, il peut réellement influencer le cour de ce token. Une fois qu’il a réussi son coup, il lui suffit de revendre ses tokens. Le projet en question étant nouveau, il a en général peu de liquidités et donc sa revente fait s’écrouler le prix du token en question, et sa communauté se retrouve prise avec un token qui a divisé par 10 ou bien plus, et ceci en quelques heures, pour ne pas dire moins. Alors prudence, quand vous suivez les conseils des influenceurs.
Latest news from the metaverse
Metaverse, a tsunami that will radically change the face of the Internet
Metaverse, the revolution starts now, the biggest in the field of Internet understood it, example: Facebook renamed Meta, ready to change everything and risk not to miss the turn.
Here’s what Mark Zuckerberg says about Meta’s stance on the metaverse:
“We think the metaverse will be the successor to the mobile internet; we can feel present, like we’re right there with people, no matter how far apart we actually are.”
The changes in strategies and techniques will be felt both internally, impacting on the management of the company, and externally with the management of users.
In the Web3 environment, creators will also be the primary beneficiaries of revenue. So it seems that Meta will experiment with the impact of this model on its results. Indeed blockchain technology wants to be able to cut out the middlemen like Meta, to avoid this, the company becomes the solution to its own problem.
Meta is in the midst of a transformation and has decided to embrace Web 3.0 fully, at the risk of sinking its flagship products, in order to prepare for the revolution that the metaverse will bring in our personal, professional and everywhere else lives.
Bear market, it’s not bad for everyone
We always talk about the companies that are doing badly because of the bear market, but rarely do we talk about the ones that are doing very well even in the bear market and sometimes we can even say that they are taking advantage of the bear market.
Here are two examples, the first with Nested which specializes in social trading and allows novice traders to give themselves a better chance of winning their trades by following, copying professionals.
We can also talk about the decentralized trading platform gTrade which allows traders to trade without sending their money to a broker, which in these times is a guarantee of more security for traders. No one wants to take the risk of having their assets blocked by a trading platform, and this ecosystem meets this need exactly and is gaining more and more followers.
So, yes, there are many examples of companies that thrive in a bear market, and in general, they have been able to respond to specific needs that are important to their users.
Latest news, Visa launches crypto cards in Latin America
Visa has announced partnerships with several fintech startups in Latin America.
Obective:
Launching a series of crypto credit cards making it easier to make payments in cryptocurrencies.
Indeed, Visa has announced collaborations with various fintech companies and IT startups in Brazil and Argentina, including Satoshi Tango in Argentina, and other startups like Crypto.com, Alterbank and Zro Bank in Brazil.
This will allow users to make transactions with Visa cards and receive cryptocurrency cashbacks every time they spend.
It should not be forgotten that bitcoin continues to attract, for example in Argentina, an ever-increasing part of the population that seeks to fight against the growing inflation in the country.
Celsius, a time bomb?
Celsius Network, the consequences of its fall, if confirmed, could be enormous, here is why?
Celsius, latest DeFi news, the facts that alerted the cryptosphere:
- Celsius Network announces the suspension of withdrawals from its platform.
- According to several observers, this decision follows the liquidity problems that Celsius is experiencing.
- The price of the Celsius token lost more than 60% after the news.
Before we get into the nitty gritty, I should remind our readers that Celsius Network is an SEC (Securities Exchange Commission) regulated lending platform.
It offers two main products: interest-bearing crypto deposits and collateralized digital asset loans.
The Celsius Network platform appeals to its users for its rather attractive returns. When we check out the site, we see that many of the supported cryptos have an APY exceeding more than 15%.
Simply put:
all these high-yield systems have a common enemy: the bear market. How to guarantee the sustainability of the ecosystem in a bear market is a real Chinese puzzle
What happened?
During the day on June 13, Celsius Network announced on its website and official Twitter account that the platform would be suspending all withdrawals, exchanges, and transfers from its customers, citing “extreme market conditions” as the basis for its decision. The company believes that this move will put it in a better position to meet its withdrawal obligations over time.
The announcement of the suspension is said to be the result of a liquidity crisis that the company is experiencing. Celsius would have transferred more than 320 million dollars to the FTX exchange. In doing so, it would have sold many wBTC tokens, Ether and other cryptocurrencies.
Some users believe that Celsius should not delay in selling its stEther from the Lido Finance ecosystem. In case this happens, there would be serious consequences for the Ethereum price. The vast majority, if not all, of the funds on Lido come from Ethereum staking. According to data collected on DeFi Llama, The Lido platform would have a TVL of over $5.7 billion. This makes it an important protocol for the DeFi ecosystem of Ethereum.
Furthermore, the collapse of the Terra Luna and UST ecosystem also has a connection to the Celsius crisis. According to a report by Nansen, The lending platform was enjoying the rise of Terra’s ecosystem. With the fall of its stablecoin, Celsius was therefore forced to liquidate more than $420 million of UST to stabilize its cash reserve.
In conclusion:
It can be said that in recent days, several failures, weaknesses in the system are revealed and the impact could well affect the entire ecosystem of DeFi and cryptocurrency, with Ethereum in the forefront.
Wouldn’t a drop in Bitcoin be desired by some whales?
Bitcoin (BTC) is currently in a downward trend for the past few weeks and is currently in a range, with the price oscillating between $28,000 and $32,000.
Behind this trend, however, would be a desire of the whales to strengthen their stocks of digital assets in order to create a new dynamic in the market. At least, this is what several professionals in the cryptocurrency market think.
Latest DeFi News:
Crypto special, let’s take a look at what’s going on with Bitcoin, knowing that it then carries over to the crypto universe as well as in DeFi related projects.
The whales, the big investors take this drop as a bargain. They take advantage of it to accumulate Bitcoin at a good price.
This also means that the new trend of mega whales could have remarkable effects on the price of Bitcoin (BTC).
This could be a sign that investors are going to be very interested in bitcoin (BTC) in the coming months, which will only strengthen its value.
Which mega whales are on the move in the BTC market and increasing their stock?
We can mention Michael Saylor’s company MicroStrategy. It is an important player in this field. As of April, it had bought 4,167 BTC, or $190.5 million. Alongside it are other companies such as Binance, Bitfinex and OKEX.
The drop in value of BTC does not cool the willingness of the mega whales to increase their stock. They continue to buy BTC so that today they hold almost 12% of the total supply in the market.
Analysts believe that this trend allows them to see a positive future for the cryptocurrency.
Some sharks have crept into the crypto world, sometimes you spot a new one, would that be the case with Do Kwon?
Do Kwon is said to have regularly sent huge amounts of money to unknown addresses. Worse, he would have done so just before the collapse of Terra Luna.
In fact,
he could well be blamed for having repeatedly sent the sum of 80 million dollars on unknown wallets, this before the fall of Terra Luna.
We discover with amazement that Do Kwon, since a few weeks, even months, would have made very doubtful transactions and with considerable amounts, amounting to several hundreds of millions of dollars.
The latter, however, is seriously starting to accumulate investigations on his person and on the companies linked to the Luna classic, Luna 2.0 and UST tokens.
In the last few hours, new damning revelations have been made by members of TerraForm Labs itself.
These employees have confirmed to the SEC (Securities and Exchange Commission) that every month, 80 million dollars were redirected to unknown wallets, and this for several months before the crash of Luna first version and the UST.
These multiple money transfers would have started a few months before the crash of stablecoin and the ecosystem’s flagship currency, thus further raising suspicions of money laundering or premeditated capital flight.
What if these transactions simply revealed that Do Kwon was aware of the impending implosion of the entire Terra ecosystem and that this situation guided his actions? The SEC is rightly wondering and wants answers.
Bear market, how to manage it?
Bear market, we talk about it a lot, it’s good to see it but then, what do we do? The losses can sometimes be spectacular during a bear market, especially when everything gets out of control and you experience falls like the one that happened to Luna, for example. Emotionally, it is very difficult. That’s why we have to say over and over again that you should never trade more than you can lose. This means that any loss should not have any significant influence in the trader’s life. By respecting this, living a Bear Market becomes much easier and allows you to stay in control.Keeping control also means:
Being able to identify the lows in the market, so that you can reinvest at the right time and thus take advantage of the downturn to invest for a quick gain on a rebound or a larger gain by swing trading. A bear market offers many opportunities for gains, except to the one who persists in playing the guessing game and thinks he knows. No one knows, but some people, those who have learned, know how to recognize the moments that offer a maximum chance of gains, we still do not speak of certainty in this case, but of quasi-certainty. Making a trade with near certainty requires knowledge, patience and a good mind. It’s a very demanding profession, and all amateur traders who think they are soothsayers learn this through great losses and emotions that become increasingly difficult to manage, because they are destructive. Managing a bear market is possible, but you can’t improvise yourself in trading, you should never improvise yourself as a trader, especially not in a bear market. Because there are all the smart people who know that the market is going to go up, we don’t know how they know but they feel it… And there are those who remain bearish even after a strong fall and do not see the rebound that will ruin them if they remain bearish just because we are in bear market. So in summary, one word to remember, training. Without training, the best way to manage a bear market is simply not to trade. But in any case, when you access your favorite decentralized or centralized trading platform, only trade what you can lose. This loss should in no way have a negative impact on your daily life, at which point, emotionally, you will always be in control
Ethereum, what price in the future? Many experts answer this question
Ethereum, just like Bitcoin, some see it rising and even strongly.
The Finder site interviewed a number of specialists and according to them, its price could more than double by the end of 2022, before reaching $26,000 in 8 years.
Ethereum prediction:
- $6,500 in 2022
- $11,000 in 2025
- $26,000 in 2030
Last little information:
Nearly 79% of financial technology experts believe that Ethereum‘s transition to a proof-of-stake validation protocol (with miners being replaced by “stakers”), scheduled for this year, will have a positive impact on ETH’s price.
Crypto trading and Forex, great contest on the decentralized leverage trading platform: Gtrade
Contest: crypto trading and Forex
Decentralized leveraged trading, two big contests with tens of thousands of dollars to be won, first contest is going on now, it lasts one month, you can still participate and the 2nd one will be on February and March, it will also last 30 days.
Here is the announcement made by the platform:
We are delighted to announce that Polygon is supporting the adoption and growth of gTrade, our decentralized leveraged trading platform, with a $250k grant in MATIC tokens targeted for trading incentives.
Latest DeFi news related to trading
We mean the only decentralized leveraged trading platform that supports 43 crypto-currency pairs and 10 currency pairs and charges no funding or borrowing fees to keep trades open.
In fact, trades have no impact on the platform’s prices because it uses a synthetic architecture connected to a custom Chainlink decentralized oracle network offering real-time medianized spot prices, which also filter out bad volatility or “ripoff streaks.”
NFT news, this time the NFT boom is coming to the photo world
NFT news, it is now confirmed, the NFT boom continues to explode, reaching the world of photography.
Digital images are finding new life and value as NFT.
In fact, the NFT boom is no longer just a sensational explosion, but rather a new reality for digital creators.
In the photography world, new collectives are forming and photographers are interacting with digital images in a whole new way.
Photographers are accustomed to selling pieces as “editions”, which may be open or limited. This increases the rarity and value of their work. Photography NFTs take on the ability to produce images in open or limited editions, but with the added value of traceability and non-mutability.
This inherent feature of NFTs prevents photo forgeries, as has proven so valuable in the fashion world.
Big names in the art world use NFTs for their photos: for example, the photographer Aimos Vasquez or the representatives of the famous fashion photographer and former creative director of Chanel and Fendi, Karl Lagerfeld, had hundreds of thousands of image catalogs transferred to the blockchain.
Latest DeFi News : la finance décentralisée s’invite dans l’immobilier
Investissement immobilier, ce qui va changer à l’avenir grâce à la DeFi
Après internet, qui a déjà bien changé les habitudes des investisseurs et a bien souvent déjà commencé à changer les habitudes au niveau des transactions, voici qu’une nouvelle révolution est en marche et qui va accentuer encore le changement des rapports entre acheteurs et vendeurs ainsi que pour les investisseurs de manière plus générale.
En effet, dans le cadre de l’actualité de la finance décentralisée, on parle de plus en plus de sociétés qui se lancent dans le métavers.
Essentiellement, ce sont trois produits qui n’existaient pas encore il y a peu de temps et qui font leur entrée en force dans l’univers de l’immobilier, il s’agit des :
- NFT
- prêts hypothécaires cryptés
- la propriété fractionnée.
Ce sont les nouvelles tendances qui vont changer le visage de l’investissement immobilier en 2022.
Des sociétés sont déjà très actives dans ce domaine, comme: Propy.
Propy est le plus grand protocole axé sur l’immobilier sur le marché des crypto-monnaies, et il se concentre sur l’automatisation de l’achat d’une maison et sur la rapidité et la sécurité du processus de clôture.
Après être devenue la première entreprise à lancer un NFT immobilier en 2021, Propy a fait des vagues pour la récente vente aux enchères de NFT immobilier aux États-Unis après avoir vendu une maison à Tampa, en Floride, pour 210 Ether ( ETH ) d’une valeur d’environ 650 000 $.
On peut également parler de Milo qui est une start-up fintech basée à Miami et qui prétend offrir la première « crypto-hypothèque » au monde en permettant aux clients d’utiliser Bitcoin ( BTC ) comme garantie pour se qualifier pour un prêt de 30 ans.
Une fois lancé, le service sera ouvert aux clients américains et internationaux cherchant à acheter un bien immobilier aux États-Unis.
En cherchant un peu, vous pourrez trouver encore de nombreuses preuves de la popularité croissante des projets axés sur l’immobilier dans l’écosystème de la blockchain, ceci en examinant plusieurs projets qui ont déjà commencé à émerger sur la scène immobilière en 2022.
Mastercard wants to offer a true advisory service to its customers for cryptocurrencies and NFTs
Indeed, the giant Mastercard has announced the extension of its advisory service to cryptocurrencies as well as non-fungible tokens (NFTs).
Still aiming to position itself in the cryptocurrency sector, the company wants to support merchants who need help in adopting this new technology as well as digital objects.
The idea behind this support is to allow the creation of synergies around cryptocurrencies. This can be the creation of a loyalty program, or the implementation of a new payment method.
“This evolution of consulting is a recognition of the changing world and our business. It’s about helping customers navigate today’s challenges and anticipate tomorrow’s,” said Mastercard Data Services President Raj Seshadri.
In addition to this goal, Mastercard plans to assist central banks in their thinking about creating central bank digital currencies (CBDCs).
In fact, the payment giant launched a test platform for such digital currencies in 2020.
Bitcoin, legal tender in Lugano (Switzerland)
After El Salvador, it was not expected that Switzerland would react so quickly and that Bitcoin would become de facto legal tender in Lugano, a city located in Ticino.
Lugano will become a very attractive city, a new place in the world to live in crypto.
Indeed, the city will become a major center for the adoption of blockchain in Europe” and promote it at the local community level. For example, everyone will be able to pay their taxes in Bitcoin or pay businesses, restaurants and others in cryptos.
Michele Foletti, mayor of Lugano, wants her city to become a model for global adoption of cryptocurrencies. Note that this one started with the adoption of a digital token and a token that modernizes local loyalty programs.
Latest DeFi News:
The metaverse is becoming more and more important in the world of sport.
MANCHESTER CITY creates the event in the metaverse
The metaverse news is currently rich in events, here is another important news.
MANCHESTER CITY has indeed confirmed its intention to create its own stadium in the metaverse. To do this, an agreement has been reached with Tezos.
Concretely, this will help the English soccer club to become familiar with web3. Tezos could also play a major role in the future launch of collectibles and other digital products for fans.
The goal is to create a virtual replica of the Etihad Stadium, the stadium of the English soccer club.
What is also interesting to note is that such a project in the metaverse will not only open the doors of the Manchester City stadium to its fans, but also bring them closer to the team.
So it looks like Manchester City will be leading the way in the digital Metaverse, with the help of virtual reality experts from Sony, who are recreating the Etihad Stadium in the Metaverse, with the hope of making it City’s hub in the virtual reality world.
These virtual stadiums will also have the ability to accommodate far more people than real stadiums, so fans will never be disappointed that they couldn’t attend a game.
We can say that things move much faster than we think in the universe of the metaverse, here is one more proof.
DeFi, balance sheet for about a year, the figures
Let’s talk about DeFi, what the numbers tell us about 365 days.
Indeed, it is impossible to talk about the state of decentralized finance news without giving a numerical update of the situation.
Latest DeFi news about the state of this ecosystem
Due to precarious macroeconomic conditions accelerated by Russia’s invasion of Ukraine in February, risks such as stocks and crypto have trended lower throughout 2022.
However, one crypto niche has suffered longer than the rest of the market: the DeFi tokens.
Here are three significant facts:
- Crypto’s DeFi sector has been trading in a bear market for more than a year, with many of its major projects falling more than 80% from their all-time highs.
- MakerDAO, Aave, and Uniswap have traded lower over the period, despite maintaining or improving fundamentals.
- The second largest lending protocol, Compound, lost 92.5% in value and arguably deteriorated in all areas of fundamentals.
We can only note one thing, after such drops, those who believe in crypto, DeFi, will be able to make excellent deals and will certainly count on this significant drop to make a small fortune in the future, because there is no shortage of opportunities for those who believe.
Quels sont les 5 tokens qui pourraient être les plus prometteurs?
L’un des secteurs émergents dans l’espace blockchain, la finance décentralisée (DeFi), est un protocole basé sur la blockchain qui existe pour éradiquer les tiers comme les banques et les institutions financières de toutes les transactions financières.
Cet article vise à fournir aux utilisateurs une vue détaillée des cinq meilleures pièces DeFi disponibles sur le marché ainsi que la mention de la meilleure plateforme de trading décentralisée pour ceux que cela intéresse, pour ce faire retrouvez dans votre langue préférée l’article : decentralized trading platform.
Voici les cinq jetons que je recommande :
DeFi Coin – La meilleure pièce de monnaie DeFi à acheter.
Fonctionnant sur la Binance Smart Chain (BSC), DEFC est le jeton natif de la bourse DeFi Swap. Après la mise en service du DEX (échange décentralisé) de DeFi Swap début mai 2022, le prix de la pièce DEFC a connu une hausse exponentielle.
Le 5 mai 2022, la pièce DeFi a rapporté 5 fois son prix, passant de 0,1 $ à un maximum quotidien de 0,5643 $.
Lucky Block – Nouvelle crypto-monnaie de jeu à surveiller
Mana – Projet DeFi pour investir dans le metaverse
Uniswap – Meilleur projet DeFi et fournisseur de liquidités
Yearn Finance – Gagner des intérêts et contracter des prêts en utilisant DeFi.
Although there are new DeFi coins launched all the time, I see DeFi Coin as a very promising coin in the future, so you can make up your own mind.
PayPal, ever more involved in crypto related services.
PayPal does not hide it, it wishes to develop always more its services related to the cryptocurrencies as well as the electronic currencies of the central banks, the MNBC.
In the context of decentralized finance news, we don’t often have the opportunity to see major players in decentralized finance news come and offer services that serve as a bridge between individuals and cryptocurrencies, with PayPal, this is the case.
PayPal does not hide it, it wishes to develop always more its services related to the cryptomonies as well as the electronic currencies of the central banks, the MNBC.
After launching payments in Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) in the United States, PayPal wants to expand its offer related to digital currencies, says Richard Nash :
“We’re looking to work with others to encompass everything we can, whether it’s the coins we have today in PayPal digital wallets, private digital currencies or MNBCs in the future.”
PayPal is one of the world’s largest payment companies, which has ventured into cryptocurrency and blockchain in recent years. It has over 420 million users. And that represents a gold mine for the company’s growth. Its revenue increased by 19% in the second quarter of 2021 compared to the same quarter in 2020.
One reason for this increase is PayPal’s owned payment app Venmo. After introducing cryptocurrency payments in April 2021, the app’s transaction volume increased by 58% between 2020 and 2021.
NFT and Metaverse news, a new convert: Red Bull
Red Bull after careful consideration is planning to expand into the metaverse and offer NFTs.
The metaverse news as well as the news of NFTs is currently marked by the statement of Red Bull. Indeed, Austrian energy drink giant Red Bull, which filed a trademark application on March 3, 2022, signaling that it wants to expand into the metaverse and sell non-fungible branded tokens, is the latest company to start taking the plunge.
As Michael Kondoudis, a registered trademark attorney related to the metaverse, pointed out, companies are laying the groundwork for an eminent transition to a virtual marketplace.
“The metaverse is real and companies need to plan accordingly. Companies no longer need to wonder if it will happen. It’s just a matter of when,” he said.
Indeed, Red Bull is far from the only brand to invert itself into NFT and the metaverse in recent weeks. Trademark applications in these sectors are really on the rise, it must be said that it is becoming important for companies to protect their respective brands in order to avoid any abuse in the metaverse.
For Red Bull, they have been steadily increasing investments in the world of NFT and the metaverse. We can see that after their recent partnership with Bybit, the company is back in the spotlight as the latest company to file trademark applications in the metaverse.
Latest news DeFi, where are we in cryptocurrency payments?
Latest news about the possibility of paying online with cryptos:
Shopify to offer users the ability to pay in crypto through an alliance with crypto.com
Here it is, Shopify customers can now pay in cryptocurrencies.
Shopify has just joined the list of Crypto.com Pay partner companies.
This partnership will also allow Crypto.com to expand its user base.
This is a win/win deal, as this new partnership could help Shopify grow its business, attracting more merchants to its platform. As a result, this could boost crypto adoption, as remember, Shopify has over a million registered stores worldwide.
This will allow the cryptocurrency to grow faster on a large scale and for Shopify to attract new customers as well.
Unprecedented crash in cryptocurrencies, the consequences are starting to be felt
The Terra ecosystem, one of the largest DeFi projects, has collapsed in a matter of hours. This caused an unprecedented crash in the entire crypto universe.
Many consequences resulted, here is another example with CommBank, Australia’s largest bank issuing doubts about cryptocurrency trading.
For the head of CommBank as well as for many crypto users, digital assets represent a huge interest. However, the high volatility and lack of regulation makes this area risky and unreliable.
In short, nothing is lost. Indeed, the cryptocurrency crash has a major impact on the various stages of digital asset adoption. Australia like the other countries that gathered in El Salvador, recognizes the interest of cryptos and is looking for a way to regulate their use.
Magic Eden, the new NFT platform to rival OpenSea
Magic Eden has big ambitions and hopes to capture a significant portion of OpenSea’s market share.
It must be said that the company is giving itself the means to succeed, indeed, in order to create a viable NFT marketplace on Solana, already 27 million dollars have been raised.
Magic Eden focuses primarily on trading NFT games on Solana.
Let’s talk numbers:
3% of all non-fungible token (NFT) purchases take place on the OpenSea marketplace. According to DappRadar, the NFT platform has already achieved a sales volume of $23.3 billion.
However, OpenSea is still limited, particularly due to its use of the Ethereum blockchain.
We can believe it, and it is the case of many investors, but the numbers remain the numbers and for the moment, they are eloquent: Magic Eden has received only 27 million dollars during its last fundraising, a minimal amount compared to the 13 billion dollars accumulated in January by OpenSea.
Magic Eden has the support of investors and 55 employees worldwide. The company hopes to capture some of OpenSea’s market share. Its first physical office will open in San Francisco in April 2022. In addition, the company has created a decentralized autonomous organization called MagicDAO, which will allow all users to vote on the NFT collections featured on the homepage.
Latest News DeFi: Crypto and Real Estate
Real Estate rental, will it soon be possible to pay in crypto?
Real Estate rental, and if you were offered the possibility to pay your rent in crypto, would you be interested? And is it or will it be possible in the near future?
Latest news related to the use of cryptocurrencies:
According to the latest news related to the use of cryptocurrencies, we can make the following observation.
The idea of paying rent in cryptocurrencies is not new in the real estate industry. While many have put forward this suggestion, proposals in terms of tools remained scarce or unviable until now. In recent years, however, more and more platforms are making this payment method possible. The Livly and ManageGo applications are among them. With these solutions, tenants can now pay their monthly rent with cryptocurrency.
Alex Samoylovich, co-founder of the Livly platform, just announced a new app that allows tenants to pay rent with cryptocurrency.
Livly is a rental management platform launched in 2017. The company is headquartered in Chicago, Illinois. With just a few clicks, residents can manage tasks such as moving out, setting up rental insurance, requesting maintenance …
Real estate platforms are increasingly following the trend:
The platform also integrates a private condo social network and lately, a cryptocurrency payment tool.
Livly accepts many cryptocurrencies, most notably Bitcoin (BTC) and Ethereum (ETH). That said, tenants can still pay their rent in U.S. dollars on the app. This is in response to the growing demand from residents for more flexible and easy-to-use payment options. Always motivated by resident convenience and well-being, Alex Samoylovich says, “We want to give them an additional payment option and the opportunity to choose the method they prefer.” The proptech says the new technology allows it to anticipate residents’ needs.
The idea is revolutionary. Nevertheless, Livly is not the first platform to integrate a cryptocurrency-based rent payment system. The company is following in the footsteps of ManageGo’s online platform. This is a New York-based company that provides online payment and maintenance scheduling services for landlords and tenants. As of 2018, the company accepts payments in Bitcoin. ManageGo uses Coinbase’s application programming interface (API). Through this, users get real-time exchange rates.
We can conclude that as of now it is possible to pay your rent in crypto, but it is very limited, however, the trend is going in this direction.
Binance follows the adoption of Bitcoin in El Salvador and goes even further…
Binance, one of the world’s leading cryptocurrency exchange platforms, through the involvement of its founder, Changpeng Zhao, could concretely promote the adoption of Bitcoin in the country.
Indeed, Changpeng Zhao, recently arrived in El Salvador to exchange with the government. The leader of Binance and has planned to meet with Nayib Bukele in this late March 2022.
Changpeng Zhao can be said to be fully supportive of all the economic freedom that the adoption of Bitcoin brings to a country like El Salvador, especially through the bonds backed by the country’s Bitcoin reserve.
Here is an excerpt of what he said on the subject:
“I believe that El Salvador is a country […] pioneer in this industry. In a few decades, we will look back on this presidency as a heroic presidency for the financial future.”
As for El Salvador’s Bitcoin bonds, they were supposed to be issued in March 2022, but in the end will take a while longer, perhaps until September 2022. Other priorities being on the agenda right now.
Staking on Coinbase, let’s take stock of the situation
In fact, the exchange platform Coinbase is currently diversifying not only the cryptocurrencies offered for exchange, but also its staking services.
It’s Cardano’s ADA’s turn to be concerned: users will now be able to generate rewards directly from the app.
Here is what we can say:
Coinbase announced the arrival of ADA staking today, via a statement. The exchange explains that the aim is to offer an easy-to-use service, which allows the greatest number of people to have access to it.
Staking on Coinbase with Cardano, what is the return?
The platform states that annual returns are estimated to be around 3.75%.
Users start generating rewards after 20-25 days, and these are then distributed every 5-7 days. On Cardano, locked ADAs are not blocked: they can be withdrawn at any time.
Remember that Cardano is the 5th network with which it is possible to make staking on Coinbase, the platform having already added Algorand (ALGO), Cosmos (ATOM), Ethereum (ETH) and Tezos (XTZ)
Ethereum, Bitcoin, le pire est-il devant nous ?
Après un mois d’avril catastrophique, par exemple, -25% sur Ethereum et pour le Bitcoin, il suffit de suivre l’analyse de crypto trading ciblée sur le Bitcoin pour se rendre compte de la situation.
Comme toujours, c’est le Bitcoin qui montre le chemin, tous les altcoins suivent sa tendance.
Si l’on se base sur une longue période, on peut dire que depuis 2020, la tendance est clairement haussière et l’a été fortement.
Par conséquent, il est inutile de devenir négatif en se basant sur une courte période de temps. Toute forte montée est suivie d’une correction et parfois de plusieurs et peut également ensuite se transformer en range, ce qui signifie que le prix n’évolue plus, il reste coincer entre un plus haut et un plus bas.
Continuons cet exemple avec Ethereum qui a retrouvé une dynamique haussière depuis août 2020. En effet, il a depuis ce mois inversé la tendance grâce à une structure de retournement en double bottom (double creux) en août 2020. Voici le graphique en horizon de temps mensuel :
En se basant sur l’analyse technique, on peut en conclure que si les supports majeurs du Bitcoin et d’Ethereum sont bien défendus et ne cèdent pas, alors le pire aura été évité et on pourra envisage à nouveau une tendance haussière.
Les supports à respecter sont :
Ethereum doit absolument conserver 2 150 $ dans cette échelle de temps (mensuel) comme ultime support, avant, la zone à surveiller se situe vers les 2600 – 2700.
Bitcoin quant à lui ne doit pas passer en-dessous de la zone des 29500 – 31000. Cette zone étant le dernier support avant une chute qui serait certainement rapide et importante. Au-dessus, il faut espérer que la zone située vers les 34000 ne cède pas. Cela laisserait une marge avant l’ultime support qui je le répète ne doit pas céder.
Staking on Coinbase, let’s take stock of the situation
In fact, the exchange platform Coinbase is currently diversifying not only the cryptocurrencies offered for exchange, but also its staking services.
It’s Cardano’s ADA’s turn to be concerned: users will now be able to generate rewards directly from the app.
Here is what we can say:
Coinbase announced the arrival of ADA staking today, via a statement. The exchange explains that the aim is to offer an easy-to-use service, which allows the greatest number of people to have access to it.
Staking on Coinbase with Cardano, what is the return?
The platform states that annual returns are estimated to be around 3.75%.
Users start generating rewards after 20-25 days, and these are then distributed every 5-7 days. On Cardano, locked ADAs are not blocked: they can be withdrawn at any time.
Remember that Cardano is the 5th network with which it is possible to make staking on Coinbase, the platform having already added Algorand (ALGO), Cosmos (ATOM), Ethereum (ETH) and Tezos (XTZ)
Binance follows the adoption of Bitcoin in El Salvador and goes even further…
Binance, one of the world’s leading cryptocurrency exchange platforms, through the involvement of its founder, Changpeng Zhao, could concretely promote the adoption of Bitcoin in the country.
Indeed, Changpeng Zhao, recently arrived in El Salvador to exchange with the government. The leader of Binance and has planned to meet with Nayib Bukele in this late March 2022.
Changpeng Zhao can be said to be fully supportive of all the economic freedom that the adoption of Bitcoin brings to a country like El Salvador, especially through the bonds backed by the country’s Bitcoin reserve.
Here is an excerpt of what he said on the subject:
“I believe that El Salvador is a country […] pioneer in this industry. In a few decades, we will look back on this presidency as a heroic presidency for the financial future.”
As for El Salvador’s Bitcoin bonds, they were supposed to be issued in March 2022, but in the end will take a while longer, perhaps until September 2022.
Other priorities being on the agenda right now.
Latest News: Metaverse and Music
The Sandbox and Warner Music Group sign a promising partnership
Indeed, we just learned that the Sandbox (SAND), one of the most popular and developed metaverse, has partnered with Warner Music Group (WMG) to create the first music-themed virtual world.
We are talking about an agreement that unites two big names, each one being a major player in its field. Let’s remember that Warner Music Group includes many labels hosting artists such as Bruno Mars, Ed Sheeran, David Guetta, the Red Hot Chili Peppers, Coldplay, Dua Lipa, Madonna or Wiz Khalifa.
Interesting tidbit for investors, The Sandbox will soon be holding a LAND sale during the month of March, which will offer music fans the opportunity to purchase land adjacent to that owned by Warner Music.
The Sandbox metaverse is proving to be a particularly interesting one for brands and artists. Warner Music Group joins more than 200 other entities, including The Walking Dead, Atari, Steve Aoki, Deadmau5 and Snoop Dogg.
The list is likely to grow quickly, and The Sandbox’s competition with Decentraland, another metaverse in the spotlight, is expected to intensify in the coming months.
Christian Tornare
Trader, investor and creator of ecosystems with direct links to DeFi. Trader, investisseur et créateur d'écosystèmes en lien direct avec la DeFi.