Fund Your DApp with Fantom’s Ecosystem Vault: Community-Driven Decentralized Funding

•Fantom Foundation has launched Ecosystem Vault, a decentralized funding mechanism that is financed by 10% of FTM transaction fees.
•The funds in the Vault are available to projects that get 55% approval in a community-driven governance vote.
•The Ecosystem Vault allows developers to secure financing to build dApps in the Fantom ecosystem.

The Fantom Foundation has recently announced the launch of their newest funding system – Ecosystem Vault. This decentralized funding mechanism is powered by 10% of FTM transaction fees and is available to projects that have been approved by a community-driven governance vote.

The Ecosystem Vault is a groundbreaking system that gives developers the opportunity to secure financing to build dApps within the Fantom ecosystem. This decentralized funding pool is an important step in the further decentralization of the Fantom blockchain, allowing the community to have a say in the growth of the platform.

The funds for the Vault are provided by the reduction of FTM’s burn rate. This means that 10% of the transaction fees are diverted to the Vault, where they are available for projects that receive 55% approval from the community. Anyone can apply for the funding, and the projects are voted on by the community, giving them a say in the direction and growth of the blockchain.

The Ecosystem Vault is an important step for the Fantom Foundation in their mission to build a more decentralized and inclusive platform. With this new funding system, the community is able to have a say in the growth of the blockchain, as well as provide financing to projects that have been voted on and approved by the community. The Vault allows developers to secure financing to build dApps in the Fantom ecosystem, and is an important step in the further decentralization of the blockchain.

Crypto Prices Surge in 9 Month Rally: Dogecoin & Shiba Inu on the Rise

• Crypto prices are surging strongly in a 9 month rally, with Bitcoin at $21,000, Ethereum crossing $1,500 and altcoins powering north.
• Optimism is high that the Federal Reserve will pivot off high interest policy sooner than expected, following cooler inflation data.
• Dogecoin and Shiba Inu are back on the rise, as some analysts fear that the market may be premature in pricing in an earlier-than-expected Fed pivot.

Cryptocurrencies have been on a wild ride to start the new year, with the crypto market currently experiencing its strongest rally in nine months. Bitcoin is back in the 20s, with the world’s largest cryptocurrency currently trading close to $21,000 after opening the year at just under $29,000. Ethereum has crossed the $1,500 mark, while altcoins are powering north, too.

From a snapshot of the market on January 1st, crypto prices have seen a steady incline since, with a sea of upward moves. This growth has been largely attributed to increasing optimism that the Federal Reserve will pivot off its high interest rate policy sooner than expected, following cooler than expected inflation data.

The next big day for the crypto markets is February 1st, when the Fed will decide on the latest interest rate policy. In the meantime, altcoins have been the biggest beneficiaries of the current rally, with Solana leading the charge. The blockchain platform is up 130% since the start of the year, while other altcoins such as Cardano, Polkadot and Uniswap are also experiencing significant gains.

Interestingly, memes are also on the rise, with Dogecoin and Shiba Inu both making some moves. Dogecoin has tripled in value since the start of the year, while Shiba Inu has surged by over 700%.

However, some analysts fear that the market may be premature in pricing in an earlier-than-expected Fed pivot. With the global economy continuing to grapple with the coronavirus pandemic, the future of interest rate policy is uncertain. Until more clarity is given, the crypto market is likely to remain volatile.

Institutional Investors Bet On XRP, Technical Outlook Positive

• XRP has seen an increase in institutional investment in the first week of 2023, with $3 million in inflows.
• This could be positive news as it reflects the trust that the market has in Ripple’s case against the SEC.
• The technical outlook is also positive, with XRP gaining stability above $0.31.

The cryptocurrency market has seen its fair share of volatility in the past year, and Ripple (XRP/USD) has been no exception. Investors have been closely watching the legal case between Ripple and the U.S. Securities and Exchange Commission (SEC) to determine the future of the digital asset. However, the latest CoinShares report shows that institutional investors are banking heavily on a Ripple win.

According to CoinShares, the first week of 2023 saw $3 million in inflows into XRP. On the other hand, investors exited $6.5 million and $3 million from Bitcoin and Ethereum, respectively. This could be positive news as it shows how much trust the market has developed in XRP. According to CoinShares, the inflows reflected improved clarity on Ripple’s case with the SEC.

Despite this positive development, XRP-associated investment products recorded $9.7 million worth of outflows. From a fundamental perspective, we could argue that it is still a double-edged sword for XRP as the case drags on. However, there are still positives to pick from the latest institutional inflow, with the settlement expected in the current first quarter.

The technical outlook also supports a potential XRP accumulation of around $0.31. XRP has gained stability above this support, and the price could surge from here. The Relative Strength Index (RSI) and other momentum indicators also show that XRP is in the buy zone.

Overall, it appears that the cryptocurrency market has developed a certain degree of trust in Ripple’s case against the SEC. As a result, institutional investors have increased their inflows into XRP, and the technical outlook is also positive. The settlement of the case is expected in the current first quarter of 2023, and it could be the deciding factor in the future direction of the digital asset.

Astar Network Launches Cross-Virtual Machine: Unlocking Interoperability for Decentralized Apps

• Astar Network’s Cross-Virtual Machine (XVM) feature is now live on the public testnet Shibuya.
• XVM allows a smart contract in one virtual machine to communicate with another.
• This feature enables multichain use cases within the ecosystem.

Astar Network has launched its Cross-Virtual Machine (XVM) feature on the public testnet Shibuya. This feature is a major product launch as part of Astar Network’s 2023 starmap and enables multichain use cases within the ecosystem.

XVM provides projects building on the Astar Network with seamless interoperability between different smart contract environments such as the Ethereum Virtual Machine (EVM) and WebAssembly (WASM). It is a custom pallet and a set of interfaces that allow a smart contract in one virtual machine to communicate with another as if they are in the same environment. XVM testnet can make bi-directional calls between EVM and WASM smart contracts.

The launch of XVM on public testnet is a major milestone for Astar Network and has been achieved after months of hard work and dedication of the development team. Commenting on the public testnet launch of XVM, Hoon Kim, Chief Technology Officer at Astar Network, said; “We’ve been working hard to create the foundation of the future, regardless of outside influences that are happening now. And today, I am proud to introduce one of our most important features to achieve the Astar Vision. XVM is the first step towards interoperability and turbocharging the mass adoption of decentralized applications.”

With the launch of XVM, developers can now build and test decentralized applications with Astar Network. The platform’s interoperability feature allows developers to use multiple smart contract environments and test their applications before deploying them on the mainnet. This feature is expected to revolutionize the way developers build and interact with decentralized applications.

Astar Network is dedicated to creating the foundation for the future and with the launch of XVM, it is a major step forward in this journey. The platform is working hard to make decentralized applications more accessible and user-friendly, and the XVM feature is a major step in this direction.

Crypto Prices Dip: TRX, HT, and VIDT Bearish Ahead of Weekend

• Cryptocurrencies remained on edge in the first week of 2023, with Bitcoin consolidating below $17,000 and Ethereum stuck at $1,200.
• Concerns about the industry were exacerbated by the hawkish Fed minutes.
• Crypto price predictions for Tron (TRX), Huobi Token (HT), and VIDT pointed to bearish sentiment, with TRX likely to dip to $0.04.

Cryptocurrency prices remained volatile in the first week of the year, with Bitcoin consolidating below $17,000 and Ethereum stuck at $1,200. The total market cap of all cryptocurrencies also remained below $900 billion, as concerns about the industry were exacerbated by the hawkish Fed minutes. In light of this, crypto price predictions for some of the top trending coins like Tron (TRX), Huobi Token (HT), and VIDT pointed to bearish sentiment.

Tron is a second-generation blockchain project that was started by Justin Sun. It is associated with other blockchain projects like Sun, JustLend, and JustStables, as well as Huobi, BitTorrent Chain, and USDD. As a result, TRX price crashed hard as concerns of its exposure to Huobi continued. It has moved below all moving averages while oscillators like the MACD and the Relative Strength Index (RSI) drifted downwards. Thus, the outlook of TRX during the weekend is bearish, with the next key support level to watch being at $0.04.

Huobi Token is a crypto token issued by Huobi Global, one of the world’s largest cryptocurrency exchanges. HT is used to pay for transaction fees and access special services on the Huobi platform. The price of HT has been trending downwards over the past week, and is expected to continue to do so in the coming days. It is currently trading below all moving averages and oscillators like the MACD and RSI are trending downwards. Thus, the outlook of HT during the weekend is bearish, with the next key support level to watch being at $2.50.

VIDT is a blockchain-based platform that facilitates the secure exchange and sharing of digital content. The platform is powered by the VIDT token, which is used to pay for transactions and access services on the platform. The price of VIDT has been trending downwards over the past week and is expected to continue to do so in the coming days. It is currently trading below all moving averages, while oscillators like the MACD and RSI are trending downwards. Thus, the outlook of VIDT during the weekend is bearish, with the next key support level to watch being at $0.20.

In conclusion, crypto price predictions for Tron (TRX), Huobi Token (HT), and VIDT point to bearish sentiment, with all three coins likely to dip in the coming days. TRX, HT, and VIDT are all trading below all moving averages, while oscillators like the MACD and RSI are trending downwards. Thus, investors should be cautious when trading these coins, and should watch out for key support levels in order to limit potential losses.

‚Ethereum Surges 3%, Nets Higher Transaction Volumes than Bitcoin‘

• Ethereum (ETH/USD) is trading at its crucial resistance zone of $1,250 after recovering 3% on Wednesday.
• Ethereum network surpassed Bitcoin in transaction volumes in 2022
• Technical outlook shows ETH trading on a short-term trendline initiated from the $1,100 bottom.

The cryptocurrency market is on a slow recovery as the new year progresses, with Ethereum (ETH/USD) leading the charge. After plunging below the $1,250 level in mid-Dec, Ethereum has been hovering around this resistance level since Wednesday after recovering 3%.

This is welcome news to those looking to get back into the crypto market, although it is still too early to judge how far the price can surge. Bulls will be delighted by cryptocurrency news on network activity, which saw Ethereum surpass Bitcoin in transaction volumes last year.

According to data from Ycharts and Nasdaq, Ethereum witnessed 408.5 million transactions in 2022, surpassing Bitcoin’s 93.1 million. Ethereum’s higher volatility was largely connected to events such as NFT launches. Bitcoin, however, retained the crown as the most searched cryptocurrency.

As of January 2, data from Bitinfocharts shows that transaction volumes are still increasing for Ethereum, with the count hitting 924,614, much higher than 229,191 for Bitcoin. Ethereum is currently trading on a short-term trendline initiated from the $1,100 bottom, with improved buy side volumes, although still not very significant.

The Moving Average Convergence Divergence (MACD) shows a bearish to bullish crossover in the daily chart, while the relative strength index (RSI) is seen at the neutral 50 level. The Parabolic SAR is also in the bullish zone, indicating a positive bias.

Overall, investors should wait for a bullish confirmation before buying Ethereum. A break above $1,250 could see ETH/USD reclaim the $1,300 level, while a break below the $1,150 support could push the price back towards the $1,100 mark.

FTX Collapse: Bahamas Officials Accused of Stealing Tokens

• Court filings have accused Bahamas officials of asking Bankman-Fried to mint new tokens and transfer them to government officials.
• The Securities Commission of the Bahamas has refuted the claims that tokens under its control were stolen.
• Anyone remotely connected to FTX is coming out badly in the midst of the whole debacle, including the Bahamas regulator.

The collapse of FTX has been a spectacular one, and it has left a lot of people stunned and surprised. It has also led to some startling revelations, such as the allegation that Bahamas government officials asked Bankman-Fried to mint a new token and transfer it to their control. This came from court filings in December, and it was reported by Bloomberg. The filing also mentioned that the officials were trying to help Bankman-Fried regain access to the computer systems on the FTX platform.

The Securities Commission of the Bahamas (SCB) has strongly refuted these allegations. In a statement, they said that any suggestion that tokens under their control were stolen was “false and defamatory”. They also said that they are actively working with international partners to investigate the matter.

It’s hard to know what allegations are true and what’s not, but there’s no doubt that anyone remotely connected to FTX is coming out badly amid the whole debacle. This includes the Bahamas regulator, who have been accused of working with Bankman-Fried to mint a new token and transfer it to their control.

The legal repercussions of this whole debacle are still being felt. Bankman-Fried is currently facing a number of legal issues, and the Bahamas regulator is also facing a lot of scrutiny. It remains to be seen how this all plays out, but it’s clear that anyone involved in this mess is in for a long and difficult legal fight.

Jasmy Surges 40% After Former Sony Execs Create Blockchain Data Storage Platform

Bulletpoints:
• Jasmy is a blockchain project that has become popular in Japan
• Jasmy provides decentralized data storage solutions to companies and individuals
• Jasmy combines blockchain and Internet of Things to provide an infrastructure that allows anyone to use data safely and securely

The past few days have been very exciting for the cryptocurrency world as the Japanese crypto asset, Jasmy, has seen a surge in its price. Jasmy has jumped by more than 40% from its lowest point in 2022, taking its market cap to over $100 million. This impressive performance has been made possible by the team of former Sony executives who created the platform.

Jasmy is a blockchain project that has been designed to provide decentralized data storage solutions to companies and individuals. With the rising importance of data in the world today, projects like Jasmy are becoming increasingly important. Companies such as Google and Meta Platforms make billions of dollars from selling data to advertisers, and data privacy has become an important part of the world debate. Jasmy helps to democratize data by combining blockchain and Internet of Things to provide a secure and safe place to store and use data.

The platform is made possible by a number of popular technologies. Smart contracts, distributed ledger technology, machine learning, and data encryption are all used to ensure that users can store, manage, and control their data securely. The platform also allows users to control devices, providing a secure environment to use data in a safe manner.

Jasmy’s performance in the past few days shows that it is a project worth investing in. The team behind the project have created a platform that is secure, reliable, and efficient, making it an attractive option for companies and individuals looking to store their data securely. With the rising importance of data, it is likely that Jasmy will continue to be a popular choice for data storage in the future.

Solana’s $50 Billion Loss: Top Projects Fleeing and Concerns for the Future

• Solana has lost 95% of its value, falling from $54.5 billion to $4.4 billion
• Its association with Sam Bankman-Fried has caused further bearish price action
• Top projects have fled the blockchain this year, raising concerns about the long-term future of Solana

The year 2022 has been a difficult time for cryptocurrency investors, and those holding Solana have been hit particularly hard. At the beginning of the year, Solana was the fifth-largest crypto in the world, with a market cap of $54.5 billion. Now, it has fallen to sixteenth place, having lost more than 95% of its value, with its current market cap standing at just $4.4 billion.

The macroeconomic climate has certainly played a part in this, as the Federal Reserve brought an end to the decade of low-interest rates and free-flowing money printing. This has resulted in a bear market across the board, and Solana’s performance has been particularly poor when compared to Bitcoin.

However, there are other issues that have contributed to Solana’s downfall. It has been plagued by persistent outages, which have led to a great deal of frustration among its users. And, its association with Sam Bankman-Fried, the founder of FTX, has caused further bearish price action.

The future of Solana looks increasingly uncertain, as many projects have fled the blockchain this year. Investors are concerned about the long-term prospects of the project, and without a clear plan for the future, it appears that Solana may struggle to recover its former glory.