🗞 Cryptocurrency Weekly News | February 1st, 2021 🗞

Greetings everyone. Bitcoin continues in a range-bound situation, in agreement with our current overriding thesis of correction/consolidation during an ongoing bull market. But being Bitcoin, of course it found a crazy way to do so. In the process the richest man in the world got involved because why not?

On January 29th, Elon Musk took a cue from Jack Dorsey and revamped his twitter bio to advertise Bitcoin. What followed was a pure emotional pump, right above our dominant declining trend line and strong short term resistance lines. But it was a fleeting advance and met by immediate opportunistic sellers. This established an impressive daily reversal candle on the chart. This was an important battle lost by the bulls, so for now the bears retain home field advantage. Read more and view the technical chart.

Highlights of The Week

💰 Grayscale adds $2.4 Billion worth of crypto in three days

🐂 Bitcoin bull Chamath Palihapitiya running for California governor

👑 Publicly-Traded firm buys $150,000,000 in Bitcoin, says holding BTC superior to holding US Dollar

🤕 Ripple hit with yet another lawsuit over securities law violations

✅ Grayscale has incorporated six more trusts, including ones for Polkadot and Aave

🧏 As Robinhood shuts down GameStop shares, demand emerges for decentralized, censorship-resistant trading

🥷 Tesla CEO Elon Musk just sent Bitcoin sharply higher, boosting its price over 20%

🌐 Google competitor Presearch launches decentralized search engine

😁 Ethereum foundation to launch ‘Large Scale’ applications on Reddit

🇮🇳 Lawmakers in India considering new ban on Bitcoin and Cryptocurrency: Report

Bitcoin Attracts Further Institutional Investments As Ethereum Secures Reddit Partnership

In last week’s newsletter we outlined how Bitcoin is setting the pace for 2021, and institutions are continuing to scale into BTC. Grayscale is accumulating Bitcoin at an impressive rate and has purchased around 40,000 BTC since mid January 13, meaning the asset management house has accumulated around $1.36B worth of Bitcoin in just 16 days.

According to Glassnode, 26,000 BTC have been mined since the start of the year while Grayscale’s 40,000 BTC holdings mean that the investment firm has purchased Bitcoin at a 54% faster rate than the mining supply of new BTC over 2021 so far. The week also revealed that Rothschild Investment Corporation owns 30,454 shares of GBTC while the Marathon Patent Group announced that it has purchased approximately 4,813 Bitcoin at a cost of around $150 million.

These developments were accompanied by the news that Galaxy Digital is planning to launch a number of ETH-focused funds in February. The digital asset fund manager headed by Mike Novogratz will develop funds with pricing drawn from the Bloomberg Galaxy Ethereum Index and with assets being held in custody by Gemini. Read more.

Please enjoy the February 2021 TA update on the CryptoCalibur Team Picks.
📈📉📈📉📈
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https://cryptocalibur.com/cryptocalibur-team-picks-february-2021-ta-view/

🗞 Cryptocurrency Weekly News | February 7th, 2021 🗞

Greetings everyone to Bitcoin Existence Day 4418.

In the last week Bitcoin has impressively moved higher and invalidated several minor resistance levels in the process – not the least of which was the high established by the infamous Elon Musk twitter bio event. But at the end of the rally, we saw price reverse short of the all-time high and then fade softly lower for a test of new potential support levels.

With this new information established, lets slightly edit and simplify our ongoing opinion to the following. Current Short-Term Opinion: Range-Bound Consolidation. Read more and view the technical charts.

Highlights of The Week

1️⃣ World’s first Polkadot ETP launching on Swiss Exchange

✅ Kucoin recovers all stolen funds from 2020’s $285 million hack

🏦 GameStop saga reveals legacy finance is rigged, and DeFi is the answer

🐳 27% of all Dogecoin (DOGE) is held by a single address

🇳🇬 Nigeria’s Central Bank orders banks to close accounts of all crypto users

✅ Bitfinex repays Tether $750 million loan, ending crypto market FUD

💰 Grayscale buys 100,000 ETH

🚀 BREAKING: Tesla gets $1.5 billion worth of Bitcoin

High Jinks and High Fees on the Ethereum High Seas

In our last newsletter, we covered the partnership between the Ethereum Foundation and Reddit and the Ethereum network continues to stimulate an overall bullish sentiment. Over the last few days, it has been revealed that Grayscale has been accumulating more Ethereum than Bitcoin with the digital asset fund management firm now holding approximately $5B worth of Ethereum, which accounts for 2.6% of the total supply.

The institutional adoption of Ethereum is set to increase this week with the CME confirming the launch of ETH Futures with trading set to commence on February 8th at 18:00 ET. However, the increased levels of activity across the Ethereum network have led to record highs with regards to fees, and according to Coinmetrics ETH daily transaction fees surpassed $22M on February 3rd, which topped BTC’s all-time high of $21.4M from December 2017, and set a new all-time record for fees across any crypto network. Read more.

🗞 Cryptocurrency Weekly News | February 15th, 2021 🗞

Greetings everyone to Bitcoin Existence Day 4425. What a week. Let’s first start by returning to this quote from last week’s newsletter entry.

“as the technical data exists today this appears to be a consolidation in a longer-term trend that is most likely to eventually resolve to a new high”

When I wrote that little did I know that Elon Musk had a tweet coming that would create that new high resolution in a matter of hours. Wow!

This is not too complicated, so cutting to the chase… Read more and view the technical charts.

Highlights of The Week

🏦 Deutsche Bank preparing to support crypto assets, providing prime brokerage and storage for clients

🚀 Aave grows as V2 features trigger increased user interest

🌐 Mark Cuban predicts blockchain is the new Internet

🗣 SEC official calls for clear crypto regulations as big companies support Bitcoin

💰Grayscale purchases 53,000 ETH in one day

🔐 USDtz to enable private stablecoin transactions on Tezos (XTZ)

🇮🇳 India to ban cryptocurrency investment completely: Report

🤩 Miami agrees to pay its employees in Bitcoin

BTC Takes Centre Stage as Corporate Bitcoin Buys Take Off

In our last newsletter, we stated that we expected Ethereum to attract the majority of attention due to the launch of CME ETH Futures on February 8th. However, BTC took the market by storm on Monday as a United States Securities and Exchange Commission (SEC) filing revealed that Tesla had added Bitcoin to its balance sheet.

The 10-k filing for Tesla Inc. relating to the fiscal year ended December 31st, 2020 showed that the electric car company had accumulated a Bitcoin position worth $1.5B, an allocation worth approximately 7.7% of the company’s gross cash position. An official statement from Tesla hinted at future digital asset purchases and the possibility of the company accepting Bitcoin as a payment method in the near future.

The news had an almost immediate effect on the markets with BTC jumping to a new all time high price of $44,364 early on Monday; this also led to over $500M worth of liquidations on BTC short positions across multiple exchanges. Bitcoin holders were further fortified by news on Thursday that the first Bitcoin ETF in North America had gained regulatory approval. Read more.

We constantly have dozens & dozens of interesting emerging projects on our radar here at CryptoCalibur.
One of them is Charge Particles, which is doing cutting edge work in the collision area of DeFi + NFTs.

They have an online event tomorrow to kick off the public side of their effort, with initial offering NFTs available and a lot of give-a-ways. It's a free event, but you can RSVP to ensure your place in the virtual audience.

Check out the full details at the other end of this handy dandy link.
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https://medium.com/charged-particles/the-big-bang-charged-particles-global-launch-party-art-drop-30eb4b9c66f

🗞 Cryptocurrency Weekly News | February 22nd, 2021 🗞

Foreword: The entry below was written before the early Monday selloff. Brief comments and a chart will be placed in a short update at the end.

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Greetings everyone to Bitcoin Existence Day 4432.

Busy, with little time to read?
Here you go.

tl;dr – BTC bull market persists

With that out of the way, let’s once again begin with a quote from last week’s newsletter entry.

“One word of warning on that wedge. Although it should be bearish, in a high momentum market sometimes they can simply be a complex bullish consolidation that leads to a sharp spike higher.” Read more and view the technical charts.

Highlights of The Week

✅ Can’t beat ‘em? Join ‘em: Mastercard and Visa make a case for Bitcoin

🤒 Ripple has proof SEC failed to warn exchanges about XRP’s security status

🤯 Decentralized Finance will change your understanding of financial systems

🥇 In Singapore, Bitcoin is challenging gold as a store of value

😫 South Korea fast tracks 20% tax on Bitcoin and crypto profits to 2022

😁 Ethereum developers eye July for gas-saving EIP-1559 launch

🇯🇵 Japanese giant SBI holdings plans to form joint cryptocurrency venture

🇬🇧 UK firm launches service for company treasuries to invest in Bitcoin

🎯 World’s first Bitcoin ETF just launched

👨‍🎨 Top auction house Christie’s to accept Ethereum for digital art sale

Corporations Continue to Favour BTC as NFTs Gain Mainstream Adoption

In our last newsletter, we highlighted the significance of Tesla revealing its Bitcoin purchases, and MicroStrategy announced a proposed private offering of $600 million of convertible senior notes last week to continue the theme.

The tech giant unveiled its proposal on Tuesday, and the notes will be unsecured, senior obligations of MicroStrategy and will bear interest payable in arrears on February 15th and August 15th of each year, with the first payments going out on August 15th, 2021. The notes will be convertible into cash, shares of MicroStrategy’s class A common stock, or a combination of cash and shares of MicroStrategy’s class A common stock, and will be offered and sold to qualified institutional buyers pursuant to Rule 144A of the US Securities Act. Crucially, MicroStrategy has declared its intention to use the net proceeds from the sale of the notes to acquire additional Bitcoin.

The news helped Bitcoin to break new boundaries and the price of BTC pushed past $50,000 for the first time on Tuesday. BTC went on to fluctuate at close to $54,000 later in the week and surpass the monumental $1 Trillion mark in terms of market capitalization. Read more.

🔴 NEW PROJECT ON OUR RADAR 🔴

CryptoCalibur Interest Level: 🔥 High 🔥

Listing: TBA

Pre-IDO Liquidity Built on Defi NFT Swap

Genesis Shards powered by Polkadot is a decentralized ecosystem redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens.

The dynamic Genesis ecosystem integrates inhouse interchain swap architecture - Gen Swap, NFT shards, community governance, and a multi-functional NFT exchange (GEN NFTX), to create opportunities for partner organizations and its communities building a symbiotic environment of pre-IDO liquidity while facilitating scalable access to great projects. The ecosystem further offers projects end to end access to top communities, partner networks, marketers, influencers and supporters, together a great incubation space for their big launch.

Token Utility ($GS)

▪️ Swap $GS in order to have access to different tiers.
▪️ Reduction of swap fees.
▪️ Governance decisions on various parameters.

Future Growth

▪️ NFTs can be seen as a Basket for DeFi Options.
▪️ Market place for any DeFi NFT product.
▪️ Farming is in the works and parachain integration in the works.
▪️ NFT indexes and illiquid baskets are a possibility.

What We Like

✅ Extremely attractive tokenomics.
✅ DeFi Communities, Market Makers, Stakers, Marketeers, Projects, Trading Groups can all interact within the same ecosystem.
✅ Multi-tiered access virtual cards bringing those in custody countless benefits. Staking and locking of tokens is highly incentivized and rewarded by the network.
✅ Token utility really stands out such as governance decisions, private access, swap fees discounts and more.
✅ Seasoned team members with tons of experience and connections in the cryptocurrency industry.
✅ Solidity-compatible Parachains can enable Genesis Shards' ecosystem to take Pre-IDO tokens from various blockchains and wrap them into NFTs. Full advantage can then be take of the liquidity internally and externally to the tokens’ native chains.

This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.

Please enjoy the March 2021 CryptoCalibur Team Picks Technical Analysis article.
📈📉📈📉📈
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https://cryptocalibur.com/cc-picks-march2021-ta/

🗞 Cryptocurrency Weekly News | March 1st, 2021 🗞

Greetings everyone to Bitcoin Existence Day 4440.

Things change fast in crypto.

Last Sunday evening as I penned the weekly Newsletter entry Bitcoin was doing what it’s been doing for a while… sailing into blue skies without a care in the world. But then Monday morning, before publishing, we were greeted by the news of Yellen Yellin’ at the godfather crypto and the bottom fell out. A quick rewrite was in order, and the next time (also the first time) I see Janet I’m going to tell her she owes me a beer.

Jokes aside, what followed that news was a quick selloff. Was it the news? Or was it the case that BTC needed a break and found the right excuse? Hard to say for sure, but we can look at the chart and draw a few conclusions and considerations. Read more and view the technical charts.

Highlights of The Week

One of Switzerland’s oldest banks now offers trading in cryptocurrencies

SEC explains itself by issuing a risk alert for crypto assets

Nigeria VP tells Central Bank to regulate, not forbid, crypto

Google Finance now tracks the price of select cryptocurrencies

Goldman Sachs to trade Bitcoin futures

New York AG warns that if crypto firms don’t ‘play by the rules’ they will get shut down

MicroStrategy isn’t done buying Bitcoin, now holds $4.4 billion in BTC

Sudden Pullback Clips Bullish Traders While Institutions Continue to Reveal Good News

The market was awash with bullish sentiment at the start of the week as the open interest for Bitcoin futures approached a new all time high of $20B, with a year-to-date growth of nearly 90%. At the same time, the CME Bitcoin futures daily volume hit a new record high of $7.3B, while the total Bitcoin futures volume hit a new all time high of close to $220B. Towards the end of the week it was also revealed that the total monthly trading volume across crypto exchanges surpassed $1T trillion for the first time, however these revelations couldn’t save bullish traders operating on leverage as a sudden drop in the prices of BTC and ETH led to a wave of liquidations. Read more.

🔴 NEW PROJECT ON OUR RADAR 🔴

CryptoCalibur Interest Level: 🔥 High 🔥

Listing: A Double IDO & Triple IEO Sale starting from the 5th until the 8th of March has been announced.

The Protocol-Agnostic Yield Optimizer

ETHA Lend implements a much-needed simplicity and elegance to DeFi yield optimization. The protocol interacts with multiple DeFi protocols allowing users to supply their assets freely cross-chain, and to expose liquidity providers to optimal yield.

How do they do it?

Algorithmic calculation of when a liquidity provider supplies asset through the protocol.
👉 Allocation of assets is optimized based on gas cost, volatility, current yield, utilization rate and supplied amount.

Ethereum & Polkadot Interoperability that leverages cross-chain opportunities.
👉 Interoperable protocol allows universal interoperability and easy integration with new DeFi protocols.

Non-custodial Smart contract wallets.
👉 Owned by the users to manage & optimize assets across protocols.

Native integration of Gas Tokens to the protocol allow liquidity providers to save up on transaction fees.

A growing sector

The DeFi market is rifle with opportunities. We’ve seen significant growth in the market recently and interest in DeFi is skyrocketing as the global digital asset market expands.

The current single liquidity protocols are unable to efficiently provide optimal yield, given current market conditions and the constantly growing DeFi ecosystem.

▪️ High transaction costs
▪️ Limited access to market rates
▪️ Lack of interoperability

Token Utility ($ETHA)

ETHA is a future governance utility token with value accrual mechanisms, to reward long term liquidity providers.

▪️ Mine ETHA tokens by supplying liquidity through the protocol.
▪️ Earn protocol rewards from performance fees on ETHA Lend.
▪️ The utility of the future governance token will define the set of policies that empower ETHA tokenholders and the future of the protocol.

What We Like

✅ Interoperability that leverages cross-chain opportunities.
✅ Risk-reward allocation based on adjustable parameters.
✅ Rebalance mechanism that is reactive to parameters and allows users to optimize their asset allocation to maximize earnings.
✅ Earnings in real time, as interests are paid continuously.
✅ Full working product with its mainnet launch upon the project’s public release on the markets.
✅ Yield optimizer ETHALend integrates the Chainlink Fast Gas Price Feed on mainnet to calculate algorithmically optimized yield strategies. Chainlink allows ETHA strategies to plan & automate switching costs across DeFi protocols in a decentralized manner.

This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.

🗞 Cryptocurrency Weekly News | March 8th, 2021 🗞

Greetings everyone to Bitcoin Existence Day 4447.

The last 7 days in crypto have been almost relaxing. After a reasonably rapid fade from $58,350 Bitcoin navigated the proverbial soft landing right into a logical trifecta of support as defined by the rectangle in the chart posted below. After a bit of sideways action, it was able to stair-step back to just above the 13-day moving average. This is still well below its all time high, but also comfortably above strong support at $42,000. For the moment, we seem to have found stasis.

As we have discussed for the last several weeks, all moving averages of significance sit in their proper place and broadcast that we remain in an ongoing bull market. Until something changes, that’s our bottom line. Read more and view the technical charts.

Highlights of The Week

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Crypto project PAID exploited, attacker gains over 2,000 ETH after minting nearly $160M in tokens

Ethereum’s EIP 1559 fee market scheduled to launch in July

Chinese tech company puts $40 million into Bitcoin and Ethereum

Norwegian oil mogul sets up $58 million entity to buy Bitcoin

Bitcoin is accelerating in replacing gold as store of value: Bloomberg’s Mike McGlone

Balancer is coming to Polkadot via Moonbeam

NFTs & DeFi Take Center Stage

NFTs and DeFi managed to attract much of the attention this week, despite the market being awash with positive news across a variety of different sectors. The week kicked off with MicroStrategy announcing further Bitcoin purchases with the tech giant revealing it had acquired 328 Bitcoin for approximately $15m. The purchase brought MicroStrategy’s holdings to around 90,859 Bitcoin, which were acquired at an average purchase price of around $24,063 making the total holdings worth about $2.19B. The company then ended the week by announcing an additional purchase of $10m worth of BTC.

Last week also gave analysts time to go over February’s various metrics and news spread that DEXs broke another record in February by generating more than $60B in volume, while there was further confirmation that Ethereum’s monthly mining revenue broke $1B for the first time. Fans of Ethereum were also buoyed by the news that Mike Novogratz’s Galaxy Digital received just over $32 million in investments across its two Ethereum funds despite only launching them in February.

However, the revelation that the ‘EIP 1559’ improvement protocol for Ethereum has been scheduled to activate in July turned a lot of heads. The upgrade will be implemented into the Ethereum codebase and packaged with the London hardfork this summer despite opposition from a significant number of miners. Read more.

🔴 NEW PROJECT ON OUR RADAR 🔴

CryptoCalibur Interest Level: 🔥 Potentially High 🔥

DeFi Prediction Markets

PredictX is a protocol that brings prediction markets to DeFi. Focused on automated liquidity and precisely designed incentives, PredictX ensures liquidity across all markets while allowing users to win off their predictions on a user-friendly platform.

Opportunities in the market

Prediction markets are online platforms that allow individuals to set a price on the realization of a future event. These events can be anything from sports betting, politics, to price predictions on stocks, commodities, IPOs. The most popular application of this is sports betting, a $200B+ industry.

The existing prediction markets are highly centralized and users often have to pay huge fees. These centralized gatekeepers dominate the market and extract tons of value from the ecosystem.

High gas fees, minimal liquidity and poor UI across existing decentralized platforms like Augur and Polymarket have not attracted the volume of their centralized counterparts. The issues with Ethereum gas fees have forced many projects to build on layer 2 and on other chains.

The platform mechanics

PredictX uses an architecture similar to Catnip, where a market issued on Augur has ERC-1155 tokens to represent Yes/No Outcomes. These tokens are then wrapped into ERC-20 tokens and deposited into a Balancer Pool.

The actions of buying shares, selling shares and adding liquidity are each governed by equations related to Balancer as well as to the mechanics of a specific prediction market platform.

The two possible outcomes for this market are “yes” and “no”. Each outcome is represented by ERC-20 tokens or “yes” shares and “no” shares. When an event resolves, the “yes” share equals 1 or 0. Similarly, the “no” share equals 0 or 1. After the event resolves, users can redeem their yes or no shares for the respective amounts of the base currency.

PredictX brings AMM based prediction markets to DeFi, on PredictX, liquidity providers gain rewards from the fees per trade as well as other benefits, decided upon through governance.

The PredictX token (PRED) is used to maximize the liquidity for markets and optimize the incentives across all participants. To keep track of how much liquidity is provided, a certain number of synthetic tokens - sPRED is allocated to liquidity providers and is redeemed for the base currency (DAI).

Why do we like it?

✅ They launched the first version of the platform and are soon adding more DeFi integrations.
✅ Combat high Ethereum gas fees by deploying PredictX v1 on Binance Smart Chain (BSC) with later versions on Polkadot.
✅ Strong roadmap focused on building for the cross-chain ecosystem.
✅ Prediction markets as a new layer of DeFi

Socials

▪️ Telegram Chat: https://news.1rj.ru/str/PredictX_Official
▪️ Twitter: https://twitter.com/1PredictX
▪️ Blog: https://predictx-official.medium.com/

This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.

Upcoming ask me anything session with Render Token ($RNDR)!

🔥 Recently released app OctaneRender on Apple's App Store brings Mac users one-click access to all the tools needed to render artwork and animations on the RNDR network – the industry’s first decentralized GPU rendering platform. Recently hundreds of OctaneRender artists have successfully auctioned digital art as NFT's on the blockchain, the most famous being Beeple - with his latest art at the prestigious auction house Christie's - currently bid at $13.25M 🔥

📃 Render's Website
📃 Render's Telegram

⏰ The AMA will take place on March 12th from 15:30 to 16:30 UTC.

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Since launching in 2017, RNDR has been growing alongside a passionate community of GPU hardware enthusiasts, computer graphics experts and OctaneRender artists.

RNDR aims to (1) protect content creators' rights (2) protect creators' monetization (3) bring the power back to individuals.

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The AMA will take place in @cryptocaliburchat

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CryptoCalibur Team Pick - New Selection!
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Unifty ($NIF)
https://unifty.io/

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The CryptoCalibur Team has been researching Unifty for a few weeks, and we are now making the move to add it to our list of Team Picks. Unifty is a one-of-a-kind truly decentralized cross-platform project targeting the powerfully emerging Non-Fungible Token (NFT) market.

Things we like:

✅ Fair Launch TGE – Released straight to UniSwap with just 1 million in circulating supply. 5 million total supply with 4 million currently short term-locked and long-term re-lock scheduled.

✅ Strong Development Team – Pushing the boundaries of the status quo, with an intent to continue.

✅ True Ownership – Unlike most other NFT creation platforms, you own your contracts.

✅ Cross-Chain – Supports Ethereum, Matic, xDAI, Binance Smart Chain, Celo with Polkadot and Moonbeam on the way. This is unique within the NFT universe.

✅ Chain Bridging – Create an NFT on one platform and move to another as needed.

✅ Farming – This optional feature allows the creator to choose the rules and rewards they want, the NIF platform makes it happen.

✅ Interactive NFT capabilities – Tie the behavior of an NFT to external actions. Such as an API or a wallet balance, for example, but possibilities are endless.

✅ New Front End Pending – Entire site redesign on the way.

✅ Marketplace Pending – Soon to be released vibrant trading platform.

✅ Early Days - Ranked #700 on CoinGecko. Available currently on just 2 exchanges.
https://www.coingecko.com/en/coins/unifty#markets

Even as NFT hype makes big news lately, the sector's total market capitalization remains quite small at just $8.7B. Additionally, fully 60% of this valuation is held by just 3 projects (ENJ, MANA, FLOW). We expect the space to grow massively and rapidly over the next few years.

🔥 Bottom line, NFT development and investment opportunities are in their infancy and Unifty is well positioned to outperform.

🗞 Cryptocurrency Weekly News | March 15th, 2021 🗞

Greetings everyone to Bitcoin Existence Day 4454.

We have something interesting to talk about. New all time high!
YES!
But followed by an immediate fade.
NO!

Thinking back to last week’s entry, we defined 3 possible technical paths forward. As it turned out, Possibility 1 (the most likely) was a breakout. We got that. However, it was on very light volume. Unimpressive. Not too surprisingly, price has slipped back. Worse of all, the old high did not provide support as it should in a healthy trend. Read more and view the technical charts.

Highlights of The Week

🏦 New JPMorgan report on Bitcoin outlines opportunities in crypto markets

❓ Twitter suspends accounts of PlanB, CryptoDog, and other crypto influencers

⚡️ Ethereum could scale 100x in a few months, says Vitalik Buterin

🎯 $64 billion asset manager files Bitcoin ETF proposal

👨‍🏫 American investment research giant is educating investors on Bitcoin

NFTs Dominate Proceedings Once Again

NFTs continued to attract attention, and spending on non-fungible tokens reached new heights over the past week. However, Bitcoin was not completely outdone as MicroStrategy announced yet another BTC purchase with the tech giant declaring it had acquired 262 Bitcoin for approximately $15m. The purchase brought MicroStrategy’s holdings to just over 91,000 Bitcoin, and a filing with the Securities and Exchanges Commission (SEC) by LedgerPrime revealed that the firm sold $49.5m worth of securities in order to invest in Bitcoin and Ethereum.

The digital asset investment firm was established in 2017, and plans to make BTC and ETH purchases in order to both hold the assets and trade them using systematic quantitative strategies. Meanwhile, BlockFi, the US-based digital asset and financial services company secured a $3B valuation after completing its recent $350m Series D fundraising round. The company allows its users to buy and sell cryptocurrencies, earn yields on assets deposited on their platform, and to take out US Dollar loans by using digital assets such as Bitcoin as collateral. Read more.

Upcoming ask me anything session with Unifty ($NIF)!

🔥 Unifty is a one-of-a-kind truly decentralized cross-platform project targeting the powerfully emerging Non-Fungible Token (NFT) market. 🔥

📃 Unifty's Website
📃 Unifty's Telegram

⏰ The AMA will take place on March 21st from 15:00 to 16:00 UTC.

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Unifty is aiming to become the major hub for exchanging, creating, managing and bringing to market NFTs and collectibles. Unifty truly allows you to own the collections you create.

For example at Rarible, your NFTs belong to the Rarible collection and aren't technically yours. On the other hand, custom erc155 collections at Unifty are approx. 50% cheaper than custom erc1155 collections at Rarible. If you intend to build a community around your NFTs it is critical that you have full ownership and administrative privileges over all contracts in play.

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The AMA will take place in @cryptocaliburchat

🔴 NEW PROJECT ON OUR RADAR 🔴

CryptoCalibur Interest Level: 🔥 Potentially High 🔥

The first NFT vault

Holvi Finance unites the power of DeFi and NFT, it is a decentralized platform designed to bring automatic asset allocation across DeFi instruments. Each vault has its own smart contract with pre-programmed logic. The vault is a gateway for every DeFi instrument/yield opportunity.

What’s with the NFT hype?

Non-fungible tokens (NFTs) as an umbrella term refers to each digital token being unique. Each token contains key value pairs that optionally reference off-chain media, and/or characteristics unique to the token. They're little data containers being shipped around the blockchain between addresses.

Each NFT has a digital hash imprinted into its being that makes it different from another NFT. This is perfect for tracking Proof of Provenance (PoP), a type of documented evidence that establishes the real owner of a token and its entire transaction history. The most popular NFTs have a few unique data points which is why people care about them.

▪️ NFTs have their creator's address saved as part of the NFT.
▪️ The current owner of the NFT is known publicly.
▪️ A royalty % may be set in the NFT token. When the NFT is traded at any point in time, between any two addresses, the royalty cut from the sale will be redirected to the Creator’s address.

What is Holvi?

The use of memes, fan art, and multi-media assets in the crypto space has led to the rise in the popularity of NFTs. Users can tokenize their artistic renditions and sell them on NFT marketplaces. Others can then buy NFTs to create collections or for the purpose of investment speculation. There is a growing interest in not only owning NFTs but also a desire to invest in baskets containing those NFTs and marketplaces. The rise of NFT marketplaces in recent months has shown that there is a financial incentive to participate in this segment and that the community is drawn to it.

Holvi is the first vault service to offer NFT staking and NFT rewards in addition to regular yields. Once you choose a vault you can passively earn yields and NFT’s. This allows users to minimize network fees and time spent researching instruments.

Holvi is building a vault that will be a gateway for DeFi instruments and yield opportunities. With community governed strategies, investors can capitalize on a batch of DeFi yield products. The platform will prevoide users with easier and more intuitive access to the world of NFTs. Holvi will utilize the Pancakeswap liquidity pools, where they aim to attract liquidity providers with APY rewards and NFT rewards. Demand for $HOLVI will be driven by the opportunity to participate in staking and liquidity farming with NFT rewards. Additionally, service fees are applied to all strategies, which will be used for buying $HOLVI from the market.

Why do we like it?

✅ Building on Binance Smart Chain (BSC) in order to resolve high gas prices on the Ethereum platform. Hype is there for now and should reflect positively on price action upon trading.
✅ The company has received its seed investment and are underway building the MVP.
✅ A clear Go-To market strategy and a strong team already established in crypto.
✅ Positioned in the middle of a rapidly expanding segment. NFT projects are bound to see increased growth as interest in the market rises. This gives Holvi a unique opportunity to address the needs of a growing market.

Socials

▪️Telegram Chat: https://news.1rj.ru/str/holvi_finance
▪️Twitter: https://twitter.com/HolviFinance

Konomi Network 🤝 ETHA Lend

ETHA’s full interoperability coming together nicely!

https://twitter.com/ethalend/status/1373997865438183426