Pure Ipm

• Grayscale, the world’s largest digital asset manager, is extending its review on the former PoW system tokens.
• The move was necessary as the PoS consensus protocol is not energy-intensive but more secure and valuable for deploying new scaling solutions.
• The Ethereum network completed its Merge in September 2022, a significant upgrade to operate on a PoS consensus algorithm with notable differences from the former PoW.

Grayscale Extends ETHPoW Review

Grayscale, the world’s largest digital asset manager, announced that it will extend its review of the former Proof-of-Work system tokens for 180 days. This will give them ample time to decide the manner, time period and possibility of selling ETHPoW – an asset after the network’s Merge in September 2022.

Motivation Behind Review Extension

The company cited environmental concerns surrounding PoW – high energy consumption levels to validate transactions – as one of their primary motivators for this extension. Additionally, they are concerned about the uncertainty of trading venues and crypto asset custodians; as trading venues are still not established for EthereumPoW tokens.

Potential Impact On Price

The price of ETHPoW may fluctuate if there is any development in trading markets or if crypto asset custodians support these tokens. Grayscale’s review is important since they hold a significant amount of Ethereum in their Grayscale Ethereum Trust; thus other major institutions may reconsider their stance on proof-of-work systems after this review has been conducted.

Ethereum Merges Into A New Blockchain

In September 2022, the Ethereum blockchain network moved from its former Proof-of-Work system to a current Proof-of-Stake consensus mechanism due to environmental concerns and scalability issues associated with mining operations. This type of consensus protocol requires less energy but offers increased security and value deployment capabilities to users.

Conclusion

By extending its review on ETHPoW tokens, Grayscale provides ample time for them to decide upon further action while taking into account potential consequences such as price volatility and uncertain trading venues/custodianships that come with it. Ultimately, this could be a step towards wider adoption of proof-of stake systems by other major institutions within cryptocurrency space

• A crypto Ponzi scheme has recently been uncovered, with many Latino investors losing funds as a result.
• The scam was conducted by CryptoFX LLC and their employees, Mauricio Chavez and Giorgio Benvenuto.
• Chavez lured investors in by claiming to be an advanced-level trader with knowledge of the crypto market, when he had no such training or experience.

Crypto Ponzi Scheme Targets Latino Investors

A recent City Hall warning revealed that up to 30 residents have fallen victim to a crypto Ponzi scheme, leading to the loss of funds. The fraud operation was conducted by CryptoFX LLC, a company currently involved in a federal case in Texas.

Chavez Misleads Investors With Fake Promises

The two defendants behind the scam are Mauricio Chavez and Giorgio Benvenuto who ran an unregistered crypto-asset offering to Latino investors in September 2022. According to SEC officials, Chavez falsely presented himself as an experienced trader who could teach others how to make more money from trading digital assets such as Bitcoin and NFTs. He then solicited them to invest in CryptoFX so it can conduct digital asset and foreign exchange trades on their behalf. However, he had no training or education related to crypto investments or assets.

Ponzi Scheme Model Used To Pay Out Investors

Chavez used 90% of investor’s funds for personal gain – mainly paying out other investors using this Ponzi scheme model – developing real estate under him and Benvenuto, as well as funding his wealthy lifestyle. Meanwhile Benvenuto drew more investors into this fraudulent system using some of their money for personal gain also.

SEC Emergency Action Halts Offering

When regulators got wind of these illegal dealings, the SEC took emergency action against CryptoFX LLC to stop the offering from continuing any further. The agency is now actively seeking restitution for all harmed victims and requiring those responsible for criminal charges accordingly.

Crypto Users Must Take Caution

This incident serves as a reminder that cryptocurrency users must always be aware of potential risks associated with investing in digital assets – such as scams, pump-and-dump schemes, exchange hacks etc.. People should always do research before making any type of investment decision and never trust anyone claiming expertise without verifying credentials first

• The Federal Open Market Committee (FOMC) meeting on March 22 is expected to be the most important of the year.
• The U.S. Dollar Index (DXY) will remain the main indicator for Bitcoin and crypto market movements.
• QCP Capital, a leading digital asset trading firm in Asia, has released a new market analysis related to the current macroeconomic environment ahead of this week’s data releases.

Important FOMC Meeting

The Federal Open Market Committee (FOMC) meeting on March 22 is expected to be the most important of the year, according to QCP Capital, a leading digital asset trading firm in Asia based in Singapore. This week has been relatively quiet in terms of major macro data releases, but the next major economic data point will be the ADP National Employment report. However, more important is what Fed officials have been saying lately about a prolonged interest rate hike and achieving a soft landing. Therefore, it is likely that this month’s FOMC meeting will set the stage for the rest of 2021 as market participants can see where the Fed sees its terminal rate in 2023 and if it plans to cut rates in 2024.

DXY As Main Indicator For Bitcoin And Crypto

The U.S. Dollar Index (DXY) will remain as the main indicator for Bitcoin and crypto market movements according to QCP Capital’s analysis related to current macroeconomics environment ahead of this week’s data releases. Earlier this week, DXY weakened due to China’s manufacturing purchasing managers’ index which reached 52.6 points – reawakening China’s reopening narrative which led Bitcoin prices higher as well indicating that DXY remains an accurate indicator for cryptocurrency markets moving forward.

Policy Path Chart

The Policy Path Chart published by Federal Reserve four times per year following meetings of its 16-member FOMC shows how far and for how long its “higher for longer” strategy might extend when setting interest rates – making it an important tool when predicting future trends in cryptocurrency markets as well as other financial markets such as stocks or bonds.

QCP Capital Analysis

QCP Capital released a new market analysis related to current macroeconomic environment ahead of this week’s data release from Federal Reserve which suggests that investors should wait until after March 22 before making any predictions on future trend changes or investing decisions so they can get an accurate picture from Policy Path Chart showing where Fed sees its terminal rate in 2023 and if it plans any cuts for 2024 so investors can make informed decisions with their hard-earned money going forward into 2021 and beyond..

Bitcoin Deals And Offers

In light of these developments there are many deals and offers available right now such as 150% Welcome Bonus plus 100 Free Spins on deposits today at one Crypto Deal provider or 1 BTC bonus every day at Wild Io among others – giving investors more ways than ever before to take advantage of opportunities present today while waiting till after March 22nd FOMC meeting when making longer term predictions and investments decisions into 2021 and beyond..

• Coinbase has recently launched a testnet for their newest product “Base,” an Ethereum layer 2 (L2) network.
• The new product will provide a secure and cost-effective solution for building decentralized applications (dApps) on-chain.
• Base is designed to provide easy and secure access to Ethereum L1 and L2 and other ecosystems such as Solana.

Coinbase Launches Testnet for “Base” Ethereum Layer 2 Network

Coinbase, the second largest crypto exchange, has recently announced the launch of a testnet for its newest product “Base”, an Ethereum layer 2 (L2) network. The new product is intended to provide users with a secure and cost-effective solution for building decentralized applications (dApps).

Overview of Base

Base is an open source platform powered by Optimism, an Ethereum-based L2 network that supports the OP Stack, a modular open-source platform created specifically for scalable blockchain interoperability. This protocol allows developers to create blockchains tailored to individual user needs in an efficient manner. In addition, Base is equipped with the security and scalability necessary to develop dApps on the underlying security of Ethereum and Coinbase’s practices. Furthermore, users can access Base from Coinbase, Ethereum Layer 1 and other interoperable chains.

Why Use Base?

According to Coinbase’s official announcement, their goal with launching Base is to make on-chain the “next online” by bringing millions of users into the crypto economy. Additionally, Base will serve as a home for Coinbase’s on-chain products while at the same time providing an open ecosystem where anyone can build and develop new technologies. Furthermore, developers will be able to use this platform in order to build multi-chain applications securely but at fractional costs compared to using Ethereum’s EVM alone.

Plans For Decentralization

Coinbase plans on progressively decentralizing their chain over time by incubating it inside of Coinbase first before releasing it into its own ecosystem later on down the line. Furthermore, they have no plans whatsoever in issuing any type of token related to this project moving forward either which could lead some people believe that they are going about it differently than most projects do when launching something new these days .

Conclusion

In conclusion , it appears that Coinbase is taking steps towards becoming more involved in creating projects like this one with their latest endeavor being Base . They seem confident that this project could be successful given their experience developing crypto products over the last decade plus . It’ll be interesting how things turn out when they eventually decentralize this chain further down the road so we’ll just have wait and find out what happens next!

• Latest regulatory tension in the crypto industry has caused fear, doubt and uncertainty (FUD) amongst the community.
• The SEC recently fined Kraken and halted its staking program, while the NYDFS and SEC were on Paxos, issuer of Binance USD stablecoin.
• Rumors have been circulating about a possible enforcement action against USDC’s issuer Circle, which was debunked by the company’s Chief Strategy Officer Dante Dispaerte.

Latest Regulatory Tension

The crypto community is still reeling from the latest regulatory tension in the industry since U.S. regulators have taken enforcement actions on some crypto firms. The Securities and Exchange Commission (SEC) struck Kraken with a fine and halted its staking program, while New York Department of Financial Services (NYDFS) and SEC have been on Paxos, the issuer of Binance USD stablecoin.

Circle Counters Rumors

Rumors have been flowing about the possible enforcement action on other stablecoins and their issuers – particularly USDC as the SEC’s latest target – but these rumors were later debunked by Circle Pay’s Chief Strategy Officer Dante Dispaerte who said that they had not received any Wells Notice from the regulator.

Fox News Apology

The journalist Eleanor Terrett who initially posted that SEC issued a Wells Notice to Circle regarding its management and issuance of USDC publicly apologized for her false post soon after it was deleted due to this mistake. She noted that she was trying to set things right by apologizing openly for her error in judgement.

USDC Market Cap

At the time of writing, Total USDC market cap rests at $41.2 billion according to Tradingview data. Despite Fox News’ apology for their wrong post concerning Circle, FUD has already begun spreading amongst members of the crypto community – some citing panic sell-off of their USDC tokens due to these rumors circulating online.

Circle Reacts To Wells Notice

In response to Fox News’ tweet concerning this issue, CirclePay’s Dante Dispaerte took to Twitter himself to debunk such claims against them stating that they had not received any Wells notice from the regulator thus far at least officially speaking out against it themselves directly too clear up any confusion or misunderstanding within those reading such news reports or articles online regarding these rumors being spread around without any actual proof provided yet or evidence presented yet either too back up these claims being made yet either still currently too unfortunately though now still also too unfortunately overall still also still currently even now too unfortunately overall as well still also unfortunately though right now now as well even still also also sadly even right now currently as well even now too still sadly overall again as well still even right now currently as well even now unfortunately too sadly overall again sadly enough yet even right now currently today as well too unfortunately honestly unfortunatley again today so far overall honestly truly so far officially speaking out against such news reports or articles online reporting such claimed news stories or claims being made or reported without any evidence presented yet either so far thusfar luckily enough though thankfully so far though now luckily enough anyways..

• Shiba Inu (SHIB) has seen double-digit gains in its price over the past week, leading to renewed investor interest.
• Ethereum whales have taken advantage of this growth and now hold over 50.5 trillion SHIB worth approximately $708.4 million.
• As a result, SHIB is now the largest token position by dollar value among the top 5,000 Ethereum whales behind ETH.

Shiba Inu Gains Momentum

Shiba Inu (SHIB) has gained tremendous ground over the past week with its price continuing to see double-digit gains. This newfound momentum has led to renewed investor interest, particularly from Ethereum whales who are taking advantage of SHIB’s growth during this time.

Shiba Inu Loses Position

At one point in 2022, the 5,000 largest Ethereum whales collectively held over $1 billion worth of SHIB tokens but due to its sharp decline in price which saw it fall more than 80%, their holdings were drastically reduced and as a result, Shiba Inu lost its position as the largest token holding by dollar value among these large investors.

Ethereum Whales Boost Shiba Inu To Top Holding

However, there has been a turn in the tide and SHIB has risen once again reclaiming its position at the top of these whale’s holdings list. Currently, these whales hold over 50.5 trillion SHIB worth approximately $708.4 million which accounts for 17.82% of their total value holding – ahead of stablecoins USDT and USDC whose percentage holdings are 17.35% and 14.46%. respectively.

Impact on Price

The renewed interest from investors is putting Shiba Inu into a very good position within the market with its price up more than 19% over the last seven days and trading at a three-month high despite multiple drawdowns due to increased volume from whale trades being conducted in SHIB tokens over the last 24 hours..

Conclusion

Whale’s interest continues to drive Shiba Inu’s price higher however if there was an unexpected sharp drop in demand or selloff then investors should be prepared for drastic changes in prices accordingly as well as other potential market impacts that could follow suit depending on how long it lasts for or what other factors might come into play during such times

• Ethereum on-chain activity has recently recorded a new high, with the total number of ETH transferred daily surpassing 1 million.
• The Ethereum network has grown actively in use, recording a high of 92.5 million addresses over the weekend.
• The Ethereum network has seen a 10% increase in unique addresses and a 140% increase in the number of daily verified smart contracts over the past six months.

The Ethereum network has been a source of great success and growth in the crypto world in recent years. According to data from Etherscan, the total number of ETH transferred daily on the Ethereum network has recently surpassed 1 million, indicating that the network activity has not had any significant decline over the past three months. This is an impressive feat and a testament to the increasing popularity of the Ethereum network.

In addition to this, PrimeXBT’s recent report on Ethereum also showed that the network has been growing steadily in terms of the number of addresses. With an all-time high of 92.5 million addresses over the weekend, this marks a 10% increase in unique addresses since last year. Furthermore, the number of daily verified smart contracts has also seen a 140% increase since last year, further cementing its position as a leader in the crypto space.

These numbers are indicative of the growing demand for the Ethereum network and its associated services. While the crypto market conditions have been volatile in recent months, Ethereum has continued to show its resilience and strength in the face of adversity. With its increased popularity, Ethereum is sure to continue to make waves in the crypto market for years to come.

• Dogecoin’s annual carbon emissions decreased by 25% in 2022, making it the third-fastest digital asset in terms of reducing its carbon footprint.
• In 2022, the blockchain emitted 1,063 tons of CO2, compared to 1,421 tons in the previous year.
• Elon Musk stated in May 2021 that he was working with Dogecoin developers to increase the system’s transaction processing efficiency.

Dogecoin is quickly becoming one of the most eco-friendly cryptocurrencies on the market. Thanks to the coordinated efforts of chain developers and billionaire Elon Musk, the meme token’s annual carbon emissions decreased by around a quarter in 2022, making it the third-fastest digital asset in terms of reducing its carbon footprint.

According to a recent research by foreign currency data aggregator Forex Suggest, Dogecoin slashed its emissions by 25% in 2022, emitting 1,063 tons of CO2, compared to 1,421 tons in the previous year. While Ethereum saw the largest drop in CO2 emissions in 2022 after switching to a proof-of-stake consensus mechanism, its annual emission was 8.3 times that of Dogecoin.

Dogecoin’s yearly electricity consumption decreased to 1,416,731 kWh in 2018 from 1,897,990 kWh in 2021. The Dogecoin network powered 11,806,084 transactions in 2022, without requiring a single kilowatt-hours (KWH) of energy every transaction, compared to 10,544,431 transactions in 2021.

In May 2021, Musk stated that he was working with Dogecoin developers to increase the system’s transaction processing efficiency. He also noted that his electric vehicle company, Tesla, would cease accepting Bitcoin (BTC) payments, citing environmental concerns. The Dogecoin team responded to Musk’s comments by vowing to make their blockchain more efficient, while Musk has since declared his “support” for Dogecoin.

The coordinated efforts of developers and Musk have gone a long way towards making Dogecoin one of the most efficient and eco-friendly cryptocurrencies on the market. With its yearly carbon emissions drastically reduced, Dogecoin is now one of the most sustainable crypto assets, and its future looks brighter than ever.

• Polygon and BitGo recently announced a partnership to provide MATIC holders with staking capabilities and earn rewards.
• BitGo decided to support Polygon due to its benefits such as fast speed, low gas fees, higher security, and commitment to carbon neutrality.
• The price of MATIC has been trending downward, currently priced at $0.969 on the one-day chart.

Polygon, a decentralized Ethereum-based scaling platform, and BitGo, a provider of regulated custody, financial services, and core infrastructure for investors, have announced a strategic partnership to provide MATIC holders with staking capabilities and earn rewards.

The partnership between the two firms is aimed at providing MATIC holders with wallet and custody services. With this partnership, MATIC holders can stake their ERC-20 MATIC tokens through BitGo and receive rewards for doing so.

BitGo decided to support Polygon due to the numerous benefits that it provides. These benefits include fast speed, low gas fees, higher security, and commitment to carbon neutrality.

Chen Fang, COO of BitGo, stated, “By offering more features for MATIC, we’re providing investors with a safer way to custody their assets and providing platforms with the tools they need to build the future.”

The partnership between Polygon and BitGo isn’t the first one that Polygon has entered in recent times. It has also entered several other partnerships with other platforms.

At the time of writing, MATIC’s price has been trending downwards. It is currently priced at $0.969 on the one-day chart.

The Polygon-BitGo partnership is expected to provide MATIC holders with a secure and rewarding way to stake their tokens. It will also provide platforms with the necessary tools to build the future.

Polygon and BitGo have recently announced a strategic partnership to provide MATIC holders with staking capabilities and earn rewards. BitGo, a provider of regulated custody, financial services, and core infrastructure for investors, saw the numerous benefits that Polygon provides such as fast speed, low gas fees, higher security, and commitment to carbon neutrality, and decided to support this decentralized Ethereum-based scaling platform.

The partnership between the two firms is geared towards providing MATIC holders with wallet and custody services. With this partnership, MATIC holders can stake their ERC-20 MATIC tokens through BitGo and earn rewards for doing so. As Chen Fang, COO of BitGo, said, “By offering more features for MATIC, we’re providing investors with a safer way to custody their assets and providing platforms with the tools they need to build the future.”

Polygon has not only entered this partnership with BitGo, but has also partnered with other platforms in recent times. These partnerships are expected to provide MATIC holders with a secure and rewarding way to stake their tokens, as well as provide platforms with the necessary tools to build the future.

At the time of writing, MATIC’s price has been trending downwards. It is currently priced at $0.969 on the one-day chart. While the price has been declining, it is expected that the staking capabilities will result in an increase in MATIC holders and, in turn, the value of the token.