NFT⚡️TECH

2022-05-20 10:47:18 ​​Digital euro could come as soon as 2026 — ECB official.

Commenting on the recent market volatility, Fabio Panetta also said stablecoins were still “vulnerable to runs,” just as investing in cryptocurrencies carried certain risks.

Fabio Panetta, an executive board member of the European Central Bank, or ECB, has said that a digital euro could come within four years, potentially designed with a person-to-person payment solution.

In a Monday speech at the National College of Ireland, Panetta said the ECB could start the development and testing of solutions toward providing a digital euro for members of the European Union in 2023, a phase that could take up to three years. He added that making the digital currency legal tender and for use in P2P payments could help promote adoption.

Panetta also commented on the recent market volatility for cryptocurrencies, with TerraUSD (UST) depegging from the U.S. dollar and the price of many major coins including Bitcoin (BTC) dropping. According to the ECB official, stablecoins, including Tether (USDT), were not “risk-free” and still “vulnerable to runs,” just as investing in cryptocurrencies carried certain risks.

“Recent developments in the market for crypto-assets illustrate that it is an illusion to believe that private instruments can act as money when they cannot be converted at par into public money at all times,” said Panetta. “Despite claims that cryptos are a trustworthy form of "currency free from public control, they are too risky to act as a reliable means of payment. They behave more like speculative assets and raise multiple public policy and financial stability concerns.”

Estimates from many EU officials suggest that legislation and policy focused on the launch of a digital euro could be coming within five years. Panetta said in March that Europeans would be more likely to accept a digital euro aimed at addressing their payment needs, and so also accepted in physical and online stores. Открыть/Комментировать

2022-05-15 14:30:51 ​Bitcoin, Ethereum Technical Analysis: BTC Slips to Its Lowest Point Since December 2020

Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year.

Following a slight rally on Wednesday, BTC fell back into the red on Thursday, as crypto bears continued to run rampant on markets.

BTC/USD slipped to an intraday low of $26,350.49 earlier today, less than 24 hours after trading at a peak of $31,868.30.

Today’s bottom is the lowest level bitcoin has hit since December 2020, as markets went on to climb above $30,000 for the first time.

This latest wave of crypto bears comes as LUNA dropped even further over the last day, with the price now below $0.10.

USDT also lost its parity with the dollar today, leading to even more volatility in crypto markets, with traders running to liquidate their positions.

Looking at the chart, the 14-day RSI is now at 23, which is still close to a five-month low. However, bears could still attempt to push this towards a floor of 19.


ETH also fell during today’s slump, as bearish pressure pushed the world’s second-largest cryptocurrency below $2,000.

Following a peak of $2,421.12 during yesterday’s session, ETH/USD sank to an intraday low of $1,748.30 on Thursday.

As a result of this sell-off, the price is now down 18% today, hitting a bottom not seen since March last year.

Prices have since attempted to climb back above $2,000, with ETH now at $1,993.19, as some bulls attempted to create a stable floor around $1,930.

Similar to BTC, relative strength in ETH also fell to a multi-month low on Thursday, and is now trading below 25.

With prices being so oversold, bulls will likely remain keen on re-entering the market once a true floor is finally found. Открыть/Комментировать

2022-05-12 10:47:59 ​​90% of surveyed central banks are exploring CBDCs — BIS.

“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short- or medium-term,” said the BIS.

A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC.

In a paper released on Friday, the BIS Monetary and Economic Department said 90% of 81 central banks surveyed from October to December 2021 were “engaged in some form of CBDC work,” with 26% running pilots on CBDCs and more than 60% doing experiments or proofs-of-concept related to a digital currency. According to the BIS, the increase in interest around CBDCs — up from roughly 83% in 2020 — may have been driven by a shift to digital solutions amid the COVID-19 pandemic as well as the growth in stablecoins and other cryptocurrencies.

“Globally, more than two-thirds of central banks consider that they are likely to or might possibly issue a retail CBDC in either the short or medium term,” said the BIS. “Work on wholesale CBDCs is increasingly driven by reasons related to cross-border payments efficiency. Central banks consider CBDCs as capable of alleviating key pain points such as the limited operating hours of current payment systems and the length of current transaction chains.”

The paper cited the emergence of several CBDCs, beginning with the launch of the Bahamian Sand Dollar in October 2020 and Nigeria’s eNaira one year later as well as the development of the Eastern Caribbean DCash and China’s digital yuan in 2021. According to the BIS survey, more than 70% of central banks are also exploring CBDCs with “private sector collaboration and interoperability” for existing payment systems.

“If well-designed, a CBDC could offer access to a safe, instant and efficient digital means of payment for all population groups, including less digitally savvy groups of society,” said Deutsche Bundesbank executive board member Burkhard Balz on Wednesday. “It would also be beneficial if CBDC could support offline payments. People would benefit from a digital and cost-effective cash alternative to choose from.” Открыть/Комментировать

2022-05-10 10:42:23 ​Here is the post:

Web3m Zai-rabbits NFT is a collection of 2222 rabbits, created to disrupt the space of web3 marketing!

About the project:
They are building a platform that helps people advertise their brand on any metaverse, social media, or other Web3 channel,
and also an interface to run, analyze and scale their marketing automatically. All AI based.

OK, so how can I as an investor make money here?
All of the platform's profits will be distributed between the NFT and token holders through our staking.
Simply own the NFT, stake it and earn $Web3m tokens and use these tokens to earn constant income.

What do I need to do to join?
Feel this form and join the Discord for more updates.
https://web3m.typeform.com/to/DvBCf7rQ
Mint date: 17/05
Mint price: 0.22 eth
Supply: 2222

Harry up and catch a seat!
Discord - https://discord.gg/97ztxh3eBe
TG - https://t.me/WEB3M
Twitter - https://twitter.com/_WEB3M_
Website - https://web3m.io/


And I'm attaching the Picture as well.

Let me know when it's posted. Thank you! Открыть/Комментировать

2022-05-07 13:01:48 Soon You Will Be Able to Get Free NFTs on CoinStats

CoinStats has announced that they are launching their own NFTs soon. If you want to get NFTs for free, you will need to join CoinStats and stay active. You need to Earn Sparks for completing simple tasks such as swapping coins, joining to their social channels, depositing money or referring your friends.

At the moment you can exchange sparks with CoinTickr (an IOT gadget which displace coin prices).
Get access to "Cryptolution NFT" comics.

Later on they will have much more rewards such as:
NFTs
CoinStats Premium

Go and sign up to CoinStats in order to generate your daily Sparks .

FYI CoinStats is the best portfolio tracker in the market, it allows you track more than 300 exchanges/wallets, track your NFTs, swap DeFi and CeFi coins and a lot more. To learn more about the company you may join their Discord or Telegram channels. Открыть/Комментировать

2022-05-04 21:22:49 ​SportsTrotters are the next upcoming Solana NFT collection that you don’t want to miss!

Through combining the power of blockchain technology with real-world utility, holding a SportsTrotters grants you access to 6 different utilities!

The utility is focussed on offering both real-world and digital rewards to holders, which includes but isn’t limited to:
- Staking: you can stake your SportsTrotter to earn $TROTTER tokens, a deflationary token designed purposefully to increase in value. 80% of $TROTTER will be looked for the first 12-months, as the collection is focussed on building a truly sustainable collection.
- Weekly ticket giveaways to sports matches in your city
- Q&A sessions with famous athletes and sportsman to bring holders closer to the game
- Live events exclusively for holders to watch the big matches for free!

Aside from the various utilities, SportsTrotters boasts an abundance of mesmerising qualities:
- Their team is doxxed
- Their art style is wild!
- The first ambassador they have announced has worked for ESPN, Fox Sports, Star Sports and more, and he is equipped to push SportsTrotters into main stream media and help take the collection to new heights!
- Their Dev is designing a revolutionary staking system to ensure holders receive meaningful staking rewards (inc airdrops).

They’re only new and you’re early, so don’t wait around!
Twitter https://twitter.com/SportsTrotters_
Discord https://discord.gg/UFNmBBbm4N Открыть/Комментировать

2022-05-03 09:11:30 ​​Report: $1.3 Billion in Crypto Stolen in Q1 2022, 97% Stemmed From Defi Exploits

According to a research report, $1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by cryptomonday researchers, further highlights that 97% of the stolen funds derived from decentralized finance (defi) protocol exploits.

2022 is already breaking records in terms of stolen cryptocurrencies from hacks and exploits. Last year, $3.2 billion in digital currencies were stolen and so far, 2022 has recorded over 40% of 2021’s aggregate during the first quarter alone. The recorded stolen crypto data stems from a report published by cryptomonday and the study’s author, Elizabeth Kerr. The report’s author says “the numbers signify a major spike.”

For instance, out of the $1.3 billion in digital currencies stolen this year, 97% of the funds were taken from defi protocols. In Q1 2021, only 72% of the stolen funds derived from defi and in 2020, the number was as low as 30%. Moreover, most of the theft in 2022 came from faulty code exploits where smart contract errors have been used to siphon stolen money from defi protocols. The author says that because the defi environment is open source, anyone can search for vulnerabilities and errors within a defi project’s codebase.

The research further details that in previous years, centralized exchanges were popular honeypots, but attacks on centralized trading platforms has declined. “Centralized exchange attacks now only account for less than 15% of the stolen cryptos,” Kerr writes. The report also notes that common defi protocol hacks came in the form of flash loan attacks and security breaches. The report’s author further mentions the Ronin bridge attack, which saw a loss of over $600 million.

“Hackers and cyber criminals made away with more than $3.2 billion last year and we just might have a higher amount being stolen this year, if the first quarter is anything to go by. The need for tighter security measures grows by the day, especially since more people are coming aboard,” Jonathan Merry, CEO at Cryptomonday explained in a statement. Открыть/Комментировать

2022-04-30 17:26:14 AXES METAVERSE CLOSED BETA — COMING SOON...

Unprecedented play-to-earn mechanics are waiting for you! Choose your favorite class of heroes and dive into one of the greatest mobile battle royale ever by Azur Games

3 game modes:

Axes: Battleground — large-scale royal battles
Axes: Team Tactics — a tactical role-playing game
Axes: Kingdom Wars — a multiplayer strategy

5 classes of NFT-playable heroes:
Knight, Barbarian, Rogue, Ranger, Mage

Trade heroes, mine crypto, join battles and win real money in the tournaments — everything is up to you!

Join now to be the first to know the start date https://t.me/+pyezsrbVuFU5MTYy Открыть/Комментировать

2022-04-30 06:30:10 OOF VIRTUAL TOUR is the FIRST Tour-to-earn Virtual Tourism Initiatives by LithosNFT

1444 Tourists will participate in the Virtual Tour of a yearly carnival to a UNESCO WORLD HERITAGE SITE.

Tourists have the chance to view the Festival from wherever they are as if they are physically present and also stand a chance TO EARN while they tour.

BENEFITS:
Monthly Raffle to win $1000

Exclusive Discord group

Raffle to win a trip of 2 for 4 nights to anywhere around the world covering air tickets, hotels and $2000 cash

OOFvt pass: $1550

GREAT NEWS



GET A WHITELIST
We are giving out 400 Limited Sacred Home Whitelist spot for the price of $500 for 3 days on Opensea starting from Monday 2nd May, 2022

EXCLUSIVE WL BENEFITS
Lifetime OOFvt pass

Earn like other Tourists

Sell the Whitelist for higher price as the price continue to increase

Have opportunity to be in exclusive Discord



An holder of OOFvt pass has a chance to participate for a year

BUT

A WHITELIST HOLDER HAVE A LIFETIME OOFvt pass

For more information and enquires about the link and the Whitelist join this group
https://t.me/+vn367EAEFkw4MDVk Открыть/Комментировать

2022-04-29 21:26:27 ​Hashstack’s Open Protocol Public Testnet Launched To Offer World’s First Under-Collateralized Loans

Even though Ethereum popularised the provision of Decentralized Finance back in 2017, the space continues to push out innovative offerings even today, some of which are unheard of.

This is because the massive potential that DeFi has often goes unnoticed. However, Hashstack seems to have tapped that potential.

Open Protocol goes live

The DeFi platform Hashstack, whose biggest offering is the Open Protocol launched the protocol’s public testnet this week in which it brought an array of unique features, including the world’s first-ever non-custodial, secure under collateralized loans.

Undercollateralized loans work in a similar way as collateralized loans work albeit with a significant difference. Unlike providing collateral equal to or exceeding the total loan amount, Open Protocol enables people to provide collateral worth a third of the loan amount.

Operating on a 1:3 collateral-to-loan ratio strategy, a user, for example, can borrow up to $300 by providing only $100 as collateral. However, the amount that can be withdrawn from this loan is limited to just 70% of the total money collateralized. Thus if the collateral is worth $100, the amount that can be withdrawn cannot exceed $70.

But, the remaining amount of the loan can be used as in-platform trading capital. This way, Hashstack has developed a novel mechanism that enables the eternal scalability of storage and logic of smart contracts to facilitate the same.

Furthermore, Hashstack is also submitting an Ethereum Improvement Protocol soon to help foster secure and upgradeable smart contract development, which will enable Hashstack to integrate with as many Dapps as needed with the Open Protocol.

Commenting on the same, the founder of Hashstack Finance, Vinay Kumar, stated,

“Our public testnet has attracted over US$5 million in total value locked (TVL) immediately after going live. The public testnet release marks a significant accomplishment in Hashstack’s roadmap as we prepare to launch the Open Protocol mainnent later in the second quarter of 2022.”

These launches also include the launch of the protocol’s mainnet set to arrive before the end of the second quarter of this year. In addition to that, Hashstack has also integrated with DeFi chains such as PancakeSwap to facilitate in-app market swaps and improve loan utilization.

This way, the borrowers can swap the borrowed tokens into other primary coins or secondary coins without the need of switching switch the dApp.

For now, the protocol only supports Bitcoin, TetherUSD (USDT), USD coin (USDC), Binance Coin (BNB), and the native token to Hashstack - HASH.

Terra’s breakthrough in the DeFi market

Built on the Binance Smart Chain (BSC), Hashstack’s Open Protocol is certainly doing its best in innovating the options presented to users, but even so, BSC has not been witnessing as much inflows as some other chains have, Terra in particular.

Despite having just 28 protocols, Terra managed to surpass BSC in terms of the total value locked in it by a significant margin. The former has about $29 billion locked in it, while the latter is at just $12.6 billion.

Although BSC still commands the position as the third-biggest DeFi chain, it has many competitors like Solana, Avalanche, and Fantom looking to snatch it away. Given the growth of these chains, BSC might need to deploy some more alluring protocols to draw in investments.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Открыть/Комментировать