CleanDefi Latest Activity Report.
Now we have extremely active period for CleanDefi team. Last 2 weeks were full of updates and the next period will also be overly active, as our roadmap increased with new modules and we continue with audit of our Smart Contract and following tests of the platform.
CleanDefi test network updates:
• Integration with Solana network wallets tests
• Sending Notifications tests
• Exchange (Swap) tests
• AMM tests
We are going in the right direction and continue to develop full infrastructure of our DEFI to make it user friendly, safe and fast. Also our team started Marketing Campaign and invites new members to become a part of CleanDefi family. We are open and ready for offers and ideas of our members according to their needs of real DEFI in this unstable world. CleanDefi aims to provide privacy and convenient access to its services for all the DEFI users.
Now we have extremely active period for CleanDefi team. Last 2 weeks were full of updates and the next period will also be overly active, as our roadmap increased with new modules and we continue with audit of our Smart Contract and following tests of the platform.
CleanDefi test network updates:
• Integration with Solana network wallets tests
• Sending Notifications tests
• Exchange (Swap) tests
• AMM tests
We are going in the right direction and continue to develop full infrastructure of our DEFI to make it user friendly, safe and fast. Also our team started Marketing Campaign and invites new members to become a part of CleanDefi family. We are open and ready for offers and ideas of our members according to their needs of real DEFI in this unstable world. CleanDefi aims to provide privacy and convenient access to its services for all the DEFI users.
BREAKING: Dubai just introduced a law to boost Bitcoin & crypto — and become a global leader.
PwC explained that ticket sales, media rights and sponsorship are the current largest revenue streams for teams and leagues. It expects that tokenized tickets, NFT media rights and sponsorship of digital or metaverse events to propel the growth of the industry, stating that digital asset sales might also become a "serious" revenue stream. The report added that in order to make this happen, however, teams would need a tech stack that connects their new digital sales data with existing customer databases, and a strong legal team to handle regulatory and tax implications.
These trends are all on the rise, especially as partnerships between NFT marketplaces and sports associations increase in popularity.
These trends are all on the rise, especially as partnerships between NFT marketplaces and sports associations increase in popularity.
$175 Million Worth of Orders Liquidated on Crypto Market as Bitcoin Rallies to $42,000
Nearly $200M in Orders Cleared from the Market as Cryptocurrencies Recover.Following Bitcoin’s $42,000 spike, the volume of liquidated orders in the market reached almost $200 million. According to CoinGlass, the liquidation volume in the past 24 hours has reached $183 million.
As the Exchange Liquidation chart suggests, OKEx has once again become the largest liquidation volume provider in the market with $72 million in canceled orders. Apparently 76% of these orders were short (sell).As for liquidations by symbol, Bitcoin orders remain the most liquidated positions in the market. Second place goes to Ethereum, with $42 million in canceled orders in the last 24 hours.
Nearly $200M in Orders Cleared from the Market as Cryptocurrencies Recover.Following Bitcoin’s $42,000 spike, the volume of liquidated orders in the market reached almost $200 million. According to CoinGlass, the liquidation volume in the past 24 hours has reached $183 million.
As the Exchange Liquidation chart suggests, OKEx has once again become the largest liquidation volume provider in the market with $72 million in canceled orders. Apparently 76% of these orders were short (sell).As for liquidations by symbol, Bitcoin orders remain the most liquidated positions in the market. Second place goes to Ethereum, with $42 million in canceled orders in the last 24 hours.
$175 Million Worth of Orders Liquidated on Crypto Market as Bitcoin Rallies to $42,000
Nearly $200M in Orders Cleared from the Market as Cryptocurrencies Recover.Following Bitcoin’s $42,000 spike, the volume of liquidated orders in the market reached almost $200 million. According to CoinGlass, the liquidation volume in the past 24 hours has reached $183 million.
As the Exchange Liquidation chart suggests, OKEx has once again become the largest liquidation volume provider in the market with $72 million in canceled orders. Apparently 76% of these orders were short (sell).As for liquidations by symbol, Bitcoin orders remain the most liquidated positions in the market. Second place goes to Ethereum, with $42 million in canceled orders in the last 24 hours.
Nearly $200M in Orders Cleared from the Market as Cryptocurrencies Recover.Following Bitcoin’s $42,000 spike, the volume of liquidated orders in the market reached almost $200 million. According to CoinGlass, the liquidation volume in the past 24 hours has reached $183 million.
As the Exchange Liquidation chart suggests, OKEx has once again become the largest liquidation volume provider in the market with $72 million in canceled orders. Apparently 76% of these orders were short (sell).As for liquidations by symbol, Bitcoin orders remain the most liquidated positions in the market. Second place goes to Ethereum, with $42 million in canceled orders in the last 24 hours.
During 2021, Bitcoin mining had the smallest carbon footprint than other industries.
#analytics
#analytics
Dubai adopts crypto law as it looks to become a hub for web 3.0
"Today, we approved the virtual assets law and established the Dubai Virtual Assets Regulatory Authority. A step that establishes the UAE's position in this sector. The Authority will cooperate with all related entities to ensure maximum transparency and security for investors," Maktoum said in his tweet.
Under the new law, the UAE wants to establish a Dubai Virtual Assets Regulatory Authority, which would be tasked with regulating these assets.In December last year, the Dubai Media Office said that the Dubai World Trade Centre would officially become a crypto zone.
#news
"Today, we approved the virtual assets law and established the Dubai Virtual Assets Regulatory Authority. A step that establishes the UAE's position in this sector. The Authority will cooperate with all related entities to ensure maximum transparency and security for investors," Maktoum said in his tweet.
Under the new law, the UAE wants to establish a Dubai Virtual Assets Regulatory Authority, which would be tasked with regulating these assets.In December last year, the Dubai Media Office said that the Dubai World Trade Centre would officially become a crypto zone.
#news
France officially recognizes bitcoin as a legal tender
The Commercial Court of Nanterre of France, in a historic ruling, recognized the leading cryptocurrency bitcoin as a legitimate form of currency. The crypto community in France welcomed the court's decision.
#news
The Commercial Court of Nanterre of France, in a historic ruling, recognized the leading cryptocurrency bitcoin as a legitimate form of currency. The crypto community in France welcomed the court's decision.
#news
✅ CleanDefi AMM approach
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Our team discussed much about AMM models, but decided still to use x*y=k in our protocol as the best choice for DEFI to maintain liquidity and reduce risks. So, why do we choose AMM?
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We believe AMM has the upper hand over CLOB-Based DEX regarding creating and managing liquidity easier users' habits, liquidity creation & management, and hype generation.
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AMMs simplify liquidity creation for both holders and builders.
Using AMMs will make creating and managing liquidity easier for builders because the popularly used x*y=k AMM design optimizes passive liquidity provision. Builders, therefore, can focus on their top priority: product development. And it is necessary to add that it is our firm belief that AMMs transform holders into passive market makers, which also increases their ability to invest into the project.
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AMMs are designed to enable the assets to reach their price discovery stage as quickly as feasible, attracting both traders and investors from other blockchains to Solana.
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The most important for CleanDefi which will distinguish us from others is to build best user friendly UI/UX platform and offer new features of Stake and Farm with low fees and high rewards.
CleanDefi Farm and CleanDefi Stake will attract and engage liquidity providers, resulting in a large inflow of funds while simplifying and accelerating liquidity bootstrapping and encouraging new projects to be built on Solana.
⠀
Our team discussed much about AMM models, but decided still to use x*y=k in our protocol as the best choice for DEFI to maintain liquidity and reduce risks. So, why do we choose AMM?
⠀
We believe AMM has the upper hand over CLOB-Based DEX regarding creating and managing liquidity easier users' habits, liquidity creation & management, and hype generation.
⠀
AMMs simplify liquidity creation for both holders and builders.
Using AMMs will make creating and managing liquidity easier for builders because the popularly used x*y=k AMM design optimizes passive liquidity provision. Builders, therefore, can focus on their top priority: product development. And it is necessary to add that it is our firm belief that AMMs transform holders into passive market makers, which also increases their ability to invest into the project.
⠀
AMMs are designed to enable the assets to reach their price discovery stage as quickly as feasible, attracting both traders and investors from other blockchains to Solana.
⠀
The most important for CleanDefi which will distinguish us from others is to build best user friendly UI/UX platform and offer new features of Stake and Farm with low fees and high rewards.
CleanDefi Farm and CleanDefi Stake will attract and engage liquidity providers, resulting in a large inflow of funds while simplifying and accelerating liquidity bootstrapping and encouraging new projects to be built on Solana.
Elon Musk just confirmed he will not be selling his Bitcoin, Ethereum, or Doge
#news
#news
Environmental sustainability key sticking point in EU MiCA bill
The European Union’s MiCA bill has had a line related to environmental sustainability
The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA).
A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line would require blockchain operators to submit a rollout plan detailing how they will come into environmental sustainability compliance. Failure to submit a plan may prohibit coins from being mined or traded in the EU.
The EU accounts for about 12-14% of the global hash power on the Bitcoin network, with Germany and Ireland contributing the majority of that according to last year’s data from Cambridge University and Statista.
According to a report by Frankfurt School last November, as of August 2021, the Bitcoin network annually required 90.86 Terrawatt hours (Tw/H) of energy. That is about 0.05% of total global consumption. The network is responsible for only around 0.08% of the total global carbon emissions, though these metrics are very difficult to calculate accurately.
French MP Pierre Person warned that a prohibition on mining would drive talent and innovation out of the region. He said in a March 12 tweet that by banning Bitcoin and Ethereum (ETH), and “complicating the use of NFT and DeFi, the European Parliament is mortgaging our monetary and financial sovereignty.”
If the bill is passed as-is, Ethereum will not be involved for long. The network is expected to complete “The Merge” at some point this year which will make it a proof-of-stake (PoS) network that will not require physical mining rigs to reach network consensus. There may be more serious ramifications for Bitcoin miners, however.
The European Union’s MiCA bill has had a line related to environmental sustainability
The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA).
A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line would require blockchain operators to submit a rollout plan detailing how they will come into environmental sustainability compliance. Failure to submit a plan may prohibit coins from being mined or traded in the EU.
The EU accounts for about 12-14% of the global hash power on the Bitcoin network, with Germany and Ireland contributing the majority of that according to last year’s data from Cambridge University and Statista.
According to a report by Frankfurt School last November, as of August 2021, the Bitcoin network annually required 90.86 Terrawatt hours (Tw/H) of energy. That is about 0.05% of total global consumption. The network is responsible for only around 0.08% of the total global carbon emissions, though these metrics are very difficult to calculate accurately.
French MP Pierre Person warned that a prohibition on mining would drive talent and innovation out of the region. He said in a March 12 tweet that by banning Bitcoin and Ethereum (ETH), and “complicating the use of NFT and DeFi, the European Parliament is mortgaging our monetary and financial sovereignty.”
If the bill is passed as-is, Ethereum will not be involved for long. The network is expected to complete “The Merge” at some point this year which will make it a proof-of-stake (PoS) network that will not require physical mining rigs to reach network consensus. There may be more serious ramifications for Bitcoin miners, however.
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PayPal CEO: Crypto will redefine the financial world.
The Chief Executive Officer of PayPal – Dan Schulman – reiterated his positive stance on the cryptocurrency industry. In his view, the “intersection” between digital assets, CBDCs, stablecoins, and digital wallets will “redefine a lot of the financial world going forward.”
The Chief Executive Officer of PayPal – Dan Schulman – reiterated his positive stance on the cryptocurrency industry. In his view, the “intersection” between digital assets, CBDCs, stablecoins, and digital wallets will “redefine a lot of the financial world going forward.”
A bill has been introduced in the California legislature that could establish bitcoin as legal tender in the state
California bitcoiners are hoping to make the state the first to accept the cryptocurrency as legal tender, even if it means going up against the US Constitution.
The goal is to establish bitcoin as legal tender in the state, but the process is complicated, according to Ian Calderon, former California State Assembly majority leader and principal of political advocacy group Majority Advisors.In January, Arizona State Sen. Wendy Rogers introduced a bill that would legalize bitcoin as legal tender in the state.
California bitcoiners are hoping to make the state the first to accept the cryptocurrency as legal tender, even if it means going up against the US Constitution.
The goal is to establish bitcoin as legal tender in the state, but the process is complicated, according to Ian Calderon, former California State Assembly majority leader and principal of political advocacy group Majority Advisors.In January, Arizona State Sen. Wendy Rogers introduced a bill that would legalize bitcoin as legal tender in the state.