CryptoUnity Exchange Targeting Beginners

• CryptoUnity is a Slovenian start-up building a beginner-focused crypto exchange.
• The exchange provides user-friendly interface, comprehensive educational resources and implements the cold wallet with an NFC card for secure storage.
• CUT token powers the CryptoUnity ecosystem and provides holders with many benefits and utility cases on the platform.

About Crypto Unity

CryptoUnity is a cryptocurrency exchange that seeks to make it easier for beginners to navigate the crypto ecosystem. The exchange doesn’t hold its users‘ funds but stores them with an independent, highly regulated custodian. The comprehensive research and educational resource section empowers users to learn more about cryptocurrencies. CryptoUnity has passed audits by QuilAudits and CertiK, and has partnered with Lenovo to provide users with further security.

CUT Token Benefits

CUT is the utility token that powers the CryptoUnity ecosystem. The token has a total supply of one billion and provides holders with many different benefits and utility cases on the CryptoUnity platform. Holders of CUT can benefit from lower fees, access further education, secure spots in other ICO presales, receive airdrops, holder rewards and advantages on giveaways.

User-Friendly Interface & Security Features

CryptoUnity’s user-friendly interface and comprehensive educational resources are designed to make the world of cryptocurrency more accessible for beginners. On top of that, the exchange also pays attention to safety by implementing cold wallets with an NFC card as well as carrying out regular audits (including KYC). With its high level of transparency and accountability, CryptoUnity ensures maximum security for their users‘ funds.

Final Thoughts

– – – – – – – – – – – – – – ——– ———– ————– ———————– ———————————— —————————————— ————————————————————— ————————————————————————— Cryptocurrency exchanges such as Crypto Unity offer newbies in the crypto space an exciting opportunity to explore this fast-growing industry without having to worry about security issues or lack of knowledge. With some basic understanding of cryptocurrency concepts combined with frequent use of CUT tokens within the platform’s environment will help increase success rate for newcomers in this field.

• The MVRV metric suggests most altcoins are underbought and present a buying opportunity.
• Crypto prices have been declining alongside weaknesses stocks, and Bitcoin price has fallen below $21,700.
• According to analysts at market intelligence firm Santiment, the “heavy bleeding” witnessed across the crypto market this week has many altcoins flashing buy signals.

Crypto Market Bleeding

The total cryptocurrency market cap is down 1.7% at the time of writing as the broader crypto market battles yet another bout of heavy losses. Bitcoin price fell below $21,700 again while Ethereum traded to lows of $1,530 on Thursday, with the leading crypto assets continuing the weakness we highlighted on 8 March.

Santiment Data Suggests Buying Opportunity

According to analysts at market intelligence firm Santiment, the „heavy bleeding“ witnessed across the crypto market this week has many altcoins flashing buy signals. Many of the altcoins suggest an underbought outlook as traders realize losses, the firm noted in a tweet posted early Thursday. One indicator pointing to current price levels as opportune buying zones is the Market Value Realized Value (MVRV) ratio. While prices could still fall, Santiment suggests most altcoins are trending in an opportunity zone where prices are likely to rebound higher. Notably though, the market could still see a new leg down, pushing some of the coins into the danger zone.

Reasons for Price Decline

The downside followed more negative news around crypto bank Silvergate and this week’s economic commentary from Fed Chair Jerome Powell. In particular Powell’s comment stating that digital currency was not widely used had initially led investors to worry that digital currencies were not going to be adopted by mainstream financial institutions anytime soon despite its huge potential for use in banking transactions and other areas such as supply chain management and data security applications .

„Blood in The Streets?“ On-Chain Metric Suggests It’s Time To Buy

Santiment tweeted that if you have been awaiting „the time to buy alscons when there is blood in streets“, then now may be your chance according to their MVRV model which indicates that most cryptocurrencies assets are currently in an opportunity zone since early January – where prices could rebound higher than previously seen before potentially pushing some tokens into a danger zone should they experience further losses instead of gains..

Conclusion

Overall it remains too early to tell whether or not these short-term declines will result in long-term gains or further losses but nevertheless its worth keeping eyes open for potential buying opportunities presented by current conditions especially given Santiments data which suggests that undervalued altcoins may present profitable upside for investors who are willing take risks during these volatile times within cryptocurrency markets .

• Fetch.ai price was down 3% on Thursday morning after a double-digit move the previous day.
• AI related tokens have recently outperformed in the market, particularly after global tech giants Microsoft and Google poured resources into the sector.
• Analysts say FET could yet see a fresh leg up as AI remains one of the hottest trends in the market.

Fetch.ai Price Prediction

The price of Fetch.ai (FET) token has dipped to support levels at $0.45 early Thursday, with its value mirroring that of the broader crypto market by trending lower. Despite this, analysts are still bullish on FET due to its strong AI narrative, which has seen its value increase by 70% in the past 30 days.

AI Related Tokens Outperforming

The hype around AI tokens has been increasing lately, following OpenAI’s Chat GPT and investments from tech giants like Microsoft and Google into the sector. This has led to AI related tokens outperforming other cryptos in recent weeks, with FET recording a double-digit green candle on Monday despite some short-term losses today.

Analysts Bullish On FET

Crypto trader and analyst Cantering Clark believes that there is still potential for further gains with FET as „A.I is still one of the sexiest narratives“. He also points out that despite seeing some distribution moves, it looks like it is ready for another leg towards its high at least. Another analyst Altcoin Sherpa also echoes these sentiments by saying that “it doesn’t really look too much like distribution” either way implying an upward trajectory for FET prices going forward.

Triangle Pattern Breakout

Looking at technical indicators, data shows that there was a triangle pattern breakout on the daily chart for FET/USD pair which saw bulls running into a hurdle just above $0.48 level before declining again today..

Conclusion

Overall there remains strong sentiment surrounding both Artificial Intelligence (AI) and blockchain technology which should continue to benefit cryptocurrencies such as Fetchai (FET). It is likely that we will see more gains from this token over time given its strong narrative and current development progress being made with regards to open source projects using its blockchain technology platform

• Coinbase announced the launch of its L2 platform on OP stack, causing the Optimism token (OP) price to rise 16%.
• Base is built on Optimism’s OP stack, which uses Optimistic Rollups to increase transaction speed and reduce gas fees.
• Trading volume rose nearly 90% in the past 24 hours to over $733 million, suggesting bullish sentiment in OP price.

Coinbase Launches Base on OP Stack

Coinbase recently announced the launch of its L2 platform called Base on OP stack. The project’s goal is to onboard more people into the crypto space with a secure, low-cost and developer-friendly platform for users to create, deploy or interact with decentralized apps.

Optimism Price Spikes After News

The news saw Optimism token (OP) price surge 16%, reaching highs of $3.10 on Coinbase. Trading volume also rose by 90% in the past 24 hours to over $733 million, indicating bullish sentiment for OP price. If technical outlook remains positive, it’s likely that OP/USD could go on to reach a new all-time high of $3.19.

What is Optimistic Rollup?

Optimistic Rollup is a Layer-2 network used by Optimism which helps increase transaction speed and reduce gas fees. It provides scalability solutions for Ethereum blockchain networks and has become one of the top chains in the Ethereum ecosystem.

What is BASE Protocol?

BASE Protocol is an unrelated cryptocurrency that saw its price spike more than 250% after Coinbase’s announcement as many speculated potential benefits from using this technology.

Conclusion

The news of Coinbase launching Base on Optimism’s OP stack boosted confidence among investors and caused both BASE Protocol and Optmimsm prices to spike significantly – albeit for different reasons – highlighting how quickly market sentiment can shift in response to breaking news from major players within the industry .

• Do Kwon, founder of Terraform Labs, is accused by the SEC of defrauding investors.
• The SEC alleges that Kwon cashed out $100 million worth of Bitcoin through a Swiss bank.
• Do Kwon remains at large and continues to evade capture.

Do Kwon Accused Of Defrauding Investors

The United States Securities and Exchange Commission (SEC) has charged Do Kwon, the founder of Terraform Labs, with defrauding investors. The regulator’s complaint is that Kwon and his company orchestrated a scheme that saw him defraud investors.

Terra Project Collapses

Do Kwon is the founder of Terra, the crypto project that had a native token LUNA and stablecoin Terra USD (UST). After the collapse of UST and LUNA, the crypto market was impacted amid an intensifying crypto winter. SEC Chair Gary Gensler said in a press release on Thursday: “We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for LUNA and Terra USD.“

Massive BTC Withdrawal Reportedly Made

As Bloomberg reports published Thursday 17 February 2021, it was revealed that Do Kwon’s company had moved and cashed out over $100 million worth of Bitcoin using an unnamed banking provider in Switzerland. It is alleged this transaction was part of more than 10,000 BTC stashed in a cold wallet which were periodically withdrawn through the Swiss-based bank up until the date of its official complaint against Do Kwon and its firm.

Do Kwon Eludes Capture

Unlike Sam Bankman-Fried who was arrested swiftly following the collapse of his firms FTX and Alameda Research; Do Kwon continues to evade capture by authorities.

SEC To Continue Investigation

As investigations continue into fraud allegations against Do Kwong; The US SEC will continue to pursue legal action against his companies while attempting to apprehend him.

Tether Reports $700 Million Net Profit in Q4 2022

• Tether published its fourth quarter attestation report showing a net profit of $700 million.
• The company revealed that the profits are in addition to its reserves and were attested by BDO.
• The consolidated total assets amounted to at least $67.04 billion, with liabilities of $66.08 billion, leaving excess reserves of at least $960 million.

Stablecoin Issuer Publishes Attestation Report

Stablecoin issuer Tether published its latest attestation report on Thursday, February 9th, which detailed the company’s financials for the fourth quarter of 2022. The report revealed that Tether had achieved a net profit of $700 million in the previous quarter despite the ongoing bear market. Tether also stated that this profit was in addition to its reserves and had been attested by accounting firm BDO.

Consolidated Assets & Liabilities

The report revealed that Tether’s consolidated total assets amounted to at least $67.04 billion as of December 31st, 2022, while its liabilities amounted to $66.08 billion. This left excess reserves of at least $960 million available for further expenditure or investment. A spokesperson from Tether explained that these profits were part of shareholder equity and could be used “to further strengthen Tether” if necessary.

Redemptions & Issuances

Tether CTO Paolo Ardoino commented on the news saying; “Tether once again proved its stability in the troubled year of 2022″. He went on to explain how the company had managed to successfully execute over $21 billion worth of redemptions during chaotic events throughout the year whilst still issuing over $10 billion worth of USDT – an indication that demand for stablecoins is continuing to grow organically within cryptocurrency markets worldwide.

Loan Suspension On top of this latest news, it was also reported back in late 2020 that Tether had suspended secured loans from its reserve funds due to volatile market conditions making it difficult for lenders and borrowers alike to predict future trends accurately enough for them both to benefit from such transactions .

< h2 >Conclusion Overall it seems as though despite turbulent times , T ether has managed not only t o stay afloat but has gone on t o achieve significant profits in Q4 202 2 . With their reserves remaining liquid and continued organic growth seen through issuances , i t is clear that there is still strong confidence within both traditional finance circles and within cryptocurrency markets too .

Overview

• Indonesia is planning to launch a national crypto exchange by June 2023.
• The government has identified five active, registered exchanges from a list of 25 for the role.
• Indonesian Trade Minister Zulkifli Hasan has said that the project must be done properly to protect users.

Timeline

Indonesia initially planned to launch the crypto bourse before the end of 2022 but new developments and delays have pushed back the timeline to June 2023. Lawmakers in December passed the Financial Sector Development and Reinforcement Bill which provides regulatory oversight over crypto exchanges in Indonesia. Currently, a review of digital asset exchanges earmarked to join the national crypto exchange is ongoing.

Risk of Hurting Users

Indonesian Trade Minister Zulkifli Hasan has said there’s need for everything to be done properly before launching the national exchange, as rushing it could lead to users being harmed by the project designed to protect them.

Growing Crypto Community

Indonesia is one of the countries with a rapidly growing crypto community and many people are still learning about trading cryptocurrency assets. This makes it even more important for authorities to ensure everything is set up correctly prior to launching the national exchange so that users can benefit from its services without any risk of harm or fraud.

Conclusion

Overall, Indonesia’s plans for a national cryptocurrency exchange are progressing steadily towards completion, with an expected launch date set for June 2023. The government has identified five platforms that will form part of this exchange but they’re taking extra precautions to ensure user safety and security before going live with it all.

1. Crypto-friendly bank Silvergate announced the suspension of payment of dividends on its series A preferred stock.
2. The company’s shares fell more than 11% pre-market after the announcement.
3. Silvergate is taking the move to help preserve capital following the effects of recent turbulence across the crypto ecosystem.

Crypto-friendly bank Silvergate has recently announced the suspension of payment of dividends on its series A preferred stock. This announcement came as a shock to the market, and it’s been reported that shares of parent company Silvergate Capital (NYSE: SI) have dropped more than 11% in early morning trading.

The reason behind this decision derives from the company’s focus on maintaining a highly liquid balance sheet with a strong capital position as it navigates recent volatility in the digital asset industry. Silvergate reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse.

This move is likely to be beneficial to Silvergate in the long run, as it will help the company to preserve capital during this turbulent time. The Board of Directors will re-examine the company’s payment of quarterly dividends at a later date, depending on how market conditions evolve.

Despite the bear market and the collapse of the crypto exchange FTX, Silvergate has managed to remain afloat. In order to maintain a strong capital position, the company has made the wise decision to suspend its dividend payment on the 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A.

This decision will undoubtedly help to protect Silvergate from further losses as the crypto market continues to be volatile. Although the share price has fallen in response to the announcement, investors should remain optimistic about the future of the company.

• Former FTX.US president Brett Harrison has raised $5 million in a seed round for his new venture Architect.
• Investors include Coinbase Ventures, Circle Ventures, SV Angel and SkyBridge Capital’s Antony Scaramucci.
• Architect is building new institutional-grade trading technology to streamline the crypto markets.

Brett Harrison, the former president of FTX.US, has successfully raised $5 million in a seed round to fund his new crypto venture Architect. The project has managed to draw in some of the top venture investors within the crypto space, including Coinbase Ventures, Circle Ventures, SALT Fund, Third King Venture Capital, Motivate Venture Capital and SV Angel. SkyBridge Capital’s Antony Scaramucci has also invested in the new crypto software project.

Architect is a decentralized finance (DeFi) venture which has been in stealth development since last September. The platform is building trading software that aims at streamlining the crypto markets for institutional investors. According to Harrison, Architect will make the process of trading cryptocurrencies, tokens and other digital assets easier and more intuitive for those who want to enter the crypto market.

The project will also feature a new liquidity-matching protocol that will allow traders to find the best prices for their trades across multiple exchanges. This will allow traders to exploit arbitrage opportunities and reduce the spreads on their trades. Additionally, the platform will provide users with a real-time overview of their trading activity and portfolio performance.

The seed funding will be put towards further developing the platform and making it available to the public. With the new influx of capital, Architect will be able to grow their team and focus on building out their product and marketing strategy.

Brett Harrison is confident that his new venture will help drive the adoption of cryptocurrencies and make digital assets more accessible to institutional investors. He believes that the project will help to close the gap between traditional finance and cryptocurrency and create a more efficient and secure trading environment.

He also believes that Architect will be able to provide users with a suite of tools that will make trading digital assets more intuitive and user-friendly. The platform will provide users with real-time analytics and portfolio management features that will help them make better decisions.

With the $5 million seed round, Architect is well-positioned to become a major player in the cryptocurrency markets. It remains to be seen how the platform will fare in an increasingly competitive environment, but with the backing of some of the top venture investors in the crypto space, it looks like Architect is off to a great start.

• FTX has been granted permission by the judge in charge of overseeing the FTX bankruptcy proceedings to sell some of its assets, including LedgerX.
• Perella Bank will be representing FTX and its assets in the sale process and 117 parties have expressed interest in buying the assets.
• The sale of FTX assets is intended to help the company to repay its creditors.

FTX, a derivatives platform, has been granted permission to sell some of its assets in order to help it repay its creditors. The Delaware Bankruptcy Court Judge, John Dorsey, gave FTX the go-ahead to sell four key units, including the derivatives platform LedgerX, FTX Europe, FTX Japan, and the stock clearing platform Embed.

Perella Bank, an investment bank, has been tasked with overseeing the sale process, representing FTX and its assets. So far, 117 parties have expressed an interest in buying the assets and they will now be allowed to access information regarding the assets to perform their due diligence before making a decision on whether to go ahead with the purchase.

FTX Europe has had its license suspended while FTX Japan is subject to certain restrictions in order to ensure the success of the sale. FTX has been working hard to ensure the sale of its assets will be successful in order to gain money to repay its creditors.

The FTX bankruptcy proceedings have been going on for a while and the company hopes that the sale of its assets will help to bring the proceedings to a successful conclusion. FTX is optimistic that the sale of its assets will be successful and that it will be able to repay its creditors in full. It remains to be seen how the sale will go, but FTX is confident that it will be able to achieve its goals.