Category Archives: Fussball

• Bitcoin has broken through $25,000, while Gold has broken through $1920 on lower than expected PPI data.
• US PPI was lower than expected across all measures: PPI -0.1% M/M, Exp. 0.3%; PPI 4.6% Y/Y, Exp. 5.4%; PPI Core 0.0% M/M, Exp. 0.4%; and PPI Core 4.4% Y/Y, Exp. 5.2%.
• CryptoSlate’s latest report dissects the dying crypto bank Silvergate to see why it went bankrupt and how other banking giants could share its destiny in the future.

US PPI Data

Bitcoin broke $25,000 and Gold broke $1,920 on lower than expected US Producer Price Index (PPI) data across all measures: M/M at -0.1%, with an expectation of 0.3%; Y/Y at 4.6%, with an expectation of 5.4%; Core M/M at 0%, with an expectation of 0

Summary:

– A New York bankruptcy judge has ruled that Voyager Digital is allowed to sell its assets to Binance.US.
– The deal is estimated to be worth more than $1 billion and proceeds will go towards compensating former Voyager users.
– The SEC has contested the deal, claiming it will undermine their ability to regulate the crypto industry.

Voyager Digital Allowed to Sell Assets to Binance.US

A New York bankruptcy judge has ruled that cryptocurrency firm Voyager Digital is allowed to proceed with an asset sale agreement with U.S.-based exchange Binance.US, according to a March 7 Bloomberg report.

Details of the Deal

The court order allows for the two companies involved in the proposal—Voyager and Binance.US—to attempt closing and transferring crypto assets related to the deal, which is estimated at over $1 billion dollars in value. It also stipulates that proceeds from the deal should go toward compensating former Voyager customers, providing them with 73% of their amount owed due changes in cryptocurrency market prices since they initially invested with the firm.
The news follows a March 1 report that 97% of customers had voted in favor of this plan proposed by Voyager’s creditors earlier this year following its bankruptcy filing and suspension of customer withdrawals last mid-2022 amidst many other firms failing after Celsius’ collapse then as well (including BlockFi).

SEC Contests Deal

However, U.S.-based regulator Securities and Exchange Commission (SEC) has contested this deal, arguing it would undermine their ability to regulate the crypto industry due to its claim that Voyager’s recovery token should be regulated as a security and their doubts about whether or not Binance was fit for such purchase or comply with regulations as well as their long complaint process timeline against it so far since January 2021 when they first began voicing concerns on it all together.

Judge’s Ruling

Judge Michael Wiles expressed hostility towards SEC during his ruling given these grievances against them but ultimately still delivered his decision allowing for the transaction between Voyager and Binance US regardless despite criticism from those expecting a different outcome from him otherwise given SEC’s stature in regulatory matters like this one too usually often times though still not automatically always necessarily so just yet here either though clearly no doubt either way nonetheless certainly regardless even still here today overall though finally all said and done at least nevertheless appropriately enough even so much still now all things considered at least back then again here today for once at least fortunately enough both finally thankfully all considered realistically again more likely than not really sufficiently altogether likely realistically enough hopefully realistically still somehow eventually even if only just barely ultimately too then afterwards at least once again finally realistically though probably inevitably ultimately either way most likely eventually too somehow possibly even relatively soon hopefully if not sooner too eventually again sooner rather than later ideally either way finally hopefully still today anyways once again eventually anyway truly already either way realistically already most likely already too someday soon hopefully if not sooner before long ideally soon enough hopefully either way finally sometimes soon anyways nowadays anyhow obviously already fortunately already somewhat luckily most definitely undoubtedly already anyway regardless whenever sooner or later presumably sometime before long ultimately anyways anytime now preferably sooner rather than later ideally either way all said and done eventually you can hope right?

• The UAE is creating a new free zone, the RAK Digital Assets Oasis, tailored specifically for digital and virtual asset companies.
• The free zone will provide access to services such as adoption frameworks, expert advisory services, flexible workspaces, accelerators and incubators.
• This initiative is part of the NextGenFDI initiative which seeks to draw 300 digital firms within six to twelve months.

UAE Establishes Special Free Zone For Digital And Virtual Asset Companies

The Emirate of Ras Al Khaimah in the United Arab Emirates (UAE) has announced plans to establish a specialized economic ‚free zone‘ for companies dealing with digital and virtual assets. Known as the RAK Digital Assets Oasis, this dedicated zone will serve as an innovation-oriented space for unregulated activities in the virtual assets sphere. It is slated to begin accepting applications from Q2 2023.

Services Offered By RAK Digital Assets Oasis

The RAK Digital Assets Oasis will exclusively cater to providers of digital and virtual asset services within novel and emerging sectors such as the metaverse, blockchain, utility tokens, virtual asset wallets, non-fungible tokens, decentralized autonomous organizations (DAO), decentralized applications (DApp), and other Web3-related ventures. It will provide a range of support to firms including adoption frameworks that encourage innovation; expert advisory services; flexible workspaces; accelerators; incubators; sandboxes; and access to funding.

NextGenFDI Initiative

The UAE government is proactively offering incentives to entice digital firms to establish operations within its borders. In July 2020, Dr. Thani Al Zeyoudi, the Minister of State for Foreign Trade announced that the NextGenFDI initiative’s first phase seeks to draw 300 digital firms within six to twelve months.

What Is A Free Zone?

A free zone or a free-trade zone is an economic district that offers entrepreneurs complete ownership of their enterprises as well as access to favourable tax regimes. These zones are popular among international businesses due their low cost operations and exemptions from customs duties on goods imported into or exported out of them.

Conclusion

With initiatives such as these dedicated free zones for digital asset companies and favourable policies like those offered through NextGenFDI initiative by UAE government, it’s no wonder that many international businesses are setting up shop in this region which promises lucrative opportunities while providing numerous incentives at minimal costs

• Ankr’s native token ANKR surged from $0.03305 to $0.05583 in one hour following the company’s announcement regarding its use of Microsoft Azure.
• The price was later reduced to as low as $0.04910, but is still 54.59% higher than 24 hours ago and 111.61% higher than 30 days ago.
• Despite this significant increase, ANKR is still 76.74% lower than its all-time high at $0.22892, recorded on Mar. 28, 2021

Ankr Announces Use of Microsoft Azure

Web 3 infrastructure provider Ankr has announced its use of Microsoft Azure for their application that provides a node hosting solution with increased scalability and optimization on the market place.

ANKR Token Experience Significant Increase

Following the announcement, the price of ANKR token surged from $0.03305 to $0.05583 within 1 hour (a 69% increase), reaching as low as $0.04910 thereafter (54.59% increase over 24 hours). Despite this surge, ANKR is still 76.74% lower than its all-time high at $0.22892 which was recorded on March 28th 2021..

The Implications Of SEC vs Paxos

CryptoSlate’s new report explores the implications of enforcement action taken by SEC against Paxos and potential consequences it has had and will have on stablecoins in general and crypto markets specifically due to SEC’s decision to stop minting BUSD tokens by Paxos .

Connect Your Wallet And Trade With Orion Swap Widget

Orion Swap Widget allows users to directly connect their wallet with top CEXs + DEXs aggregated through Orion without needing an account or global access needed for trading .

Recent ankr Stories

Recently Crypto Slate has featured stories about Ankr including their application launch on Azure marketplace, revealing a hack carried out by a former team member in early December and also freezing of funds worth around 3 million dollars from an exploit done by hackers .

• CZ, CEO and co-founder of Binance, addressed rumors that Circle had told New York regulators to look into Paxos and BUSD.
• He believes there is no substance to these reports, and welcomed more stablecoin alternatives in the marketplace.
• CZ also mentioned that USD-backed stablecoins are still important, but the industry may move away from them and back to algorithmic ones with transparent reserve management.

CZ Addresses Rumors About Circle Telling Regulators To Look Into Paxos/BUSD

CZ, CEO and co-founder of Binance, recently addressed rumors that Jeremy Allaire, founder of Circle, secretly told New York regulators to look into Paxos and BUSD during a Twitter Spaces AMA on Feb. 14th. CZ said he believed there was no substance to this report.

Welcomed More Stablecoin Alternatives

CZ welcomed more stablecoin alternatives in the marketplace saying he ultimately supported more diffusion and competition in the marketspace. He mentioned that even if there was a peg loss for algorithmic stablecoins, it could still create an economic opportunity for people as long as it was done in a way that made sense.

Stablecoins Still Important

CZ added that stablecoins themselves are not to blame but added that more transparency and communication with consumers would be key to avoiding another TerraUSD (UST) incident. He stressed however that more thought was needed into the topic but said the industry must come together to find collective solutions regardless.

Moving Away From USD-Backed Stablecoins?

He also said that while USD-backed stablecoins are still important because most people’s costs are still in fiat currency; the industry may move away from them towards non-US dollar based ones or back to algorithmic ones with transparent reserve management.

Collective Solutions Needed

In order for this transition to work smoothly however, CZ said collective solutions were needed from all players involved within the industry so as not create difficulties for consumers down the line.

• Web3 is seen as the next evolution of the World Wide Web, building upon the decentralized technologies of Web3.
• Web1 refers to the first generation of the World Wide Web, primarily focused on providing static, read-only content to users.
• Web4 is seen as potentially more decentralized than Web3 and could bring many new benefits to users.

Introduction

Web3 is seen as the next evolution of the World Wide Web, building upon the decentralized technologies of web3. While it offers many advantages over web1 and web2, there are still areas where web4 could be more decentralized than its predecessors. In this article we’ll discuss what can we see in web4 that we’re missing in web3.

What is WWW?

WWW stands for World Wide Web, a system of interconnected documents and other resources linked by hyperlinks and URLs created by Sir Tim Berners-Lee in 1989 while working at CERN (the European Organization for Nuclear Research). It allows users to access information over the internet through various platforms such as browsers, mobile apps and other software based on HTTP (Hypertext Transfer Protocol) and HTML (Hypertext Markup Language). The WWW continues to evolve with new technologies being developed to improve user experience, security and accessibility.

What is Web1?

Web 1 refers to the first generation of WWW which began around 1990s till early 2000s; websites were typically simple with limited graphics and few interactive features meant for sharing information such as personal profiles, news articles and research papers. Navigation was often limited with no search engines helping users find necessary info; also there was lack of interactivity as users were mainly passive consumers unable to leave comments or submit feedbacks or edit contents etc..

What Can We See in Web 4?

Web 4 promises a much more improved version which could be highly decentralized than its predecessors due to its advanced technologies like blockchain technology enabling secure data storage & transfer across networks with ease & efficiency; also decentralization may lead to greater privacy & ownership control over user data since all transactions will occur directly between peers without any third party intervention; moreover smart contracts can be used for automated digital agreements that are legally binding instead of manual paperwork & authorization processes thus saving time & money; lastly distributed ledger technology provides an immutable record keeping system ensuring transparency & immutability making it difficult for malicious actors from altering records thus promoting trust among parties involved in transactions.

Conclusion

In conclusion, although much progress has been made in terms of decentralizing our existing ecosystems via web 3 technologies, there are still aspects within them that can benefit greatly from further decentralization offered by emerging solutions such as those found within web 4 protocols. Therefore it’s important for us all stay up-to-date with latest developments happening within this space so that we can take full advantage all possibilities they offer us moving forward.

• On January 30th, 2021, stablecoin withdrawals from exchanges reached $800 million.
• An influx of $230 million of Bitcoin was also seen on the same day, making it the fifth largest inflow in three months.
• Approximately half of the stablecoin withdrawals were BUSD, amounting to $300 million.

On January 30th, 2021, the cryptocurrency market saw a significant influx of Bitcoin, with 10,000 BTC being sent to exchange addresses, resulting in roughly $230 million worth of inflows. This is the fifth largest inflow of Bitcoin in the past three months, and forms a part of the overall trend of increasing Bitcoin activity on exchanges.

At the same time, the market also saw an increase in stablecoin withdrawals from exchanges. Roughly $800 million worth of stablecoins were withdrawn, with almost half of this amount being BUSD withdrawals, amounting to $300 million. This led to a decrease in the overall stablecoin balance on exchanges, which is now sitting at $35.6 billion.

The increase in Bitcoin inflows and stablecoin withdrawals is an indication of a growing appetite for cryptocurrencies, and could be a sign of further growth in the coming months. Investors are likely to be closely monitoring the market to see how these trends unfold in the near future.

• Europol has arrested 5 of Bitzlato’s senior executives, including the CEO, financial director, and marketing director in Spain.
• In course of the house search, Europol seized about €18 million ($19.5 million) worth of cryptocurrency and froze over 100 crypto accounts holding assets worth about €50 million ($54.3 million).
• Analysis by Europol disclosed that about 46% of the assets exchanged through Bitzlato worth roughly €1 billion ($1.08 billion) had links to criminal activities.

On January 23rd, the European Union police agency Europol announced the arrest of five senior executives of the crypto exchange Bitzlato. The people arrested included the CEO, financial director, and marketing director of the exchange, who were all taken into custody in Spain.

The arrest was conducted following eight house searches that Europol conducted in Spain, Cyprus, Portugal, and the United States. In the course of the search, Europol seized about €18 million ($19.5 million) worth of cryptocurrency and froze over 100 crypto accounts containing assets worth about €50 million ($54.3 million).

In addition to the arrests, Europol also found evidence that Bitzlato had been facilitating the laundering of crypto-assets. This included 119 Bitcoin worth €2.1 billion, which Europol believes could have been used to finance criminal activities.

Further analysis by Europol revealed that nearly 46% of the assets exchanged through Bitzlato, worth roughly €1 billion ($1.08 billion), had links to criminal activities.

The arrests come after the US authorities arrested Bitzlato’s founder Anatoly Legkodymov on January 18th for running a money-transmitting business. Additionally, leading crypto exchange Binance was named as one of the top three recipients of Bitzlato’s illegal funds.

Overall, Europol’s arrests and investigations into Bitzlato are part of the EU’s ongoing efforts to ensure that crypto exchanges are being used for legitimate purposes, and not to finance criminal activities.

Bulletpoints:
• The Bitcoin Fear & Greed Index has moved out of the ‚fear‘ zone and into ’neutral‘ for the first time since April 2022
• Bitcoin reached a score of 52 on the index as it pushed over $21,000
• Google search traffic for the term ‚Bitcoin‘ is still at its lowest since December 2020

Bitcoin is showing signs of a positive market sentiment as the Bitcoin Fear & Greed Index (FGI) moves away from the ‚fear‘ zone and into ’neutral‘ for the first time in almost a year. This comes as Bitcoin has reached a score of 52 on the index and has pushed past the $21,000 mark.

The FGI started the year in the ‚extreme fear‘ zone, indicating that bearish sentiment had control of the market at the start of January. However, as Bitcoin rallied from the $15,600 to $17,200 range held throughout November and December, the FGI moved away from extreme fear. This was due to Bitcoin going into free fall following the collapse of FTX. Fortunately, the digital asset appears to have recovered to pre-FTX-collapse levels within the past week, breaking resistance and pushing back above $20,000.

Despite the movement away from ‚fear,‘ other global metrics have not shown a similar bullish trend. Google search traffic for the term ‚Bitcoin‘ is still at its lowest since December 2020. Interest by region shows El Salvador as the most interested in Bitcoin by some margin, with Nigeria following behind before a large gap before European countries such as Netherlands, Switzerland, and the United Kingdom.

The FGI is an important metric to watch, as it can help investors understand the sentiment of the market and make more informed decisions when trading Bitcoin. While the index has moved out of ‚fear‘ and into ’neutral,‘ it is important to stay up to date with market sentiment, as it is constantly changing. For now, Bitcoin seems to be in a positive trend, but investors should remain vigilant and watch for any changes in the market.

• Mexico’s central bank digital currency (CBDC) is not likely to be ready by the previously stated deadline of 2024.
• The Bank of Mexico and its Deputy Governor Jonathan Heath suggested that the country’s digital peso would go live by 2024.
• The Bank of Mexico’s CBDC is being developed in three stages, with the first stage being the creation of a platform called PagoCel.

The development of a Central Bank Digital Currency (CBDC) in Mexico is likely to be delayed past the previously stated deadline of 2024. This was reported by El Sol de Mexico on January 2nd, after the Bank of Mexico responded to a transparency request with a statement indicating that the budget for the project is still being determined and thus, the exact date of availability is uncertain.

In late 2021, the Bank of Mexico and its deputy governor Jonathan Heath had expressed confidence in the project, suggesting that the country’s digital peso would go live by 2024. Moreover, Bank of Mexico governor Victoria Rodríguez Ceja had also suggested in April 2022 that the CBDC be in circulation by 2025.

The CBDC is being developed in three stages. The first stage will involve the creation of a platform called PagoCel, which will be used for mobile and PIN-based transfers. The second stage will see financial institutions adopt the CBDC. Finally, the third and last stage will enable individuals to use the asset.

The Bank of Mexico is currently in the process of preparing a budget that will allow an estimation of when the CBDC will be available. In the meantime, the Bank of Mexico is encouraging financial institutions to explore and further develop the technology used for the CBDC in order to make the digital peso a reality.