Monat: Januar 2023

• The European Parliament’s economic and monetary affairs committee has voted on policies for banks holding digital assets such as Bitcoin and Ethereum.
• Banks with crypto holdings must hold up to 1,250 percent of the amount they hold in crypto assets.
• The Parliament added that the modifications align with the measures by the organization in charge of international banking standards (BCBS, the Basel Committee On Banking Supervision).

The European Parliament’s economic and monetary affairs committee has made a historic decision with its vote on policies for banks holding digital assets such as Bitcoin and Ethereum. This move is set to have a large-scale impact on the banking industry, as well as on crypto assets.

A spokesperson for the AFME, Caroline Liesegang, said the Parliament, Commission, and Council should provide a clear definition of what can be considered as crypto assets. According to an announcement by the European Parliament on Tuesday, the monetary affairs committee vote favored modifications of the capital requirements directive and the capital requirements regulation as it applies to banks with crypto holdings. The bill proposal states that banks with crypto holdings must hold up to 1,250 percent of the amount they hold in crypto assets.

This move is based on the recommendations of the BCBS, the Basel Committee on Banking Supervision. The BCBS recommended categorizing crypto assets based on consultation papers released in the last three years. It also advised banks on how to address possible risks.

The implications of this decision are wide-ranging. It is a major step forward in the acceptance of crypto assets as a legitimate form of financial asset. This move could also make banking safer and more secure, as banks will now be required to hold significant capital in order to cover any potential losses that may arise from holding crypto assets.

The European Parliament’s decision is also likely to have a positive effect on the crypto industry as a whole, as it could open up new opportunities for investors and traders. This could lead to an increase in the number of people investing in cryptocurrencies, which would in turn lead to increased liquidity and further legitimization of the industry.

Ultimately, the Parliament’s decision is a major milestone in the development of the crypto industry. It is a sign that the industry is being taken seriously and that it is becoming increasingly accepted by regulators and governments. This could lead to further development of the industry in the future, and could open up new possibilities for those involved.

• Meta Masters Guild (MEMAG) is a new mobile gaming guild developing a high-quality gaming ecosystem.
• Investors who buy the tokens now will own an asset that increases in value as it enters the different stages of its presale.
• Meta Masters Guild has a supply of 1 billion tokens, of which 35% are allocated to the presale.

Meta Masters Guild (MEMAG) is a revolutionary new mobile gaming guild that is developing a high-quality gaming ecosystem. The central component of this ecosystem is the native token $MEMAG, which is now available for presale at the price of $0.007. With every purchase of $MEMAG tokens, investors are getting an asset that is expected to increase in value as it progresses through the different stages of the presale.

Meta Masters Guild has a total supply of 1 billion tokens, out of which 35% are allocated to the presale. Furthermore, only 10% of the capped supply is allocated to exchange liquidity, meaning that investors have more access to the tokens during the presale.

The main objective of Meta Masters Guild is to change the current status quo of play-to-earn games, which tend to peak quickly and then lose interest due to lack of entertainment. To achieve this, Meta Masters Guild is creating an entertaining play and earn ecosystem that rewards players for their participation and victories. This opens up a new dynamic in the gaming industry, as gamers are incentivized to keep playing for extended periods of time in order to increase their rewards.

The MMG titles hosted on the platform will issue in-game rewards known as Gems. Players can then convert these Gems into $MEMAG tokens and cash them out into the best altcoins such as Ethereum or reinvest them into the ecosystem. This ensures that players truly own all the in-game assets received as rewards, giving them the option to reinvest their tokens and benefit from the ecosystem.

Overall, Meta Masters Guild is set to revolutionize the play-to-earn gaming industry by creating an entertaining and rewarding ecosystem that incentivizes gamers to keep playing. By buying $MEMAG tokens during the presale, investors will have the opportunity to own an asset that is expected to increase in value as it progresses through the different stages of the presale.

• Cardano (ADA) is set to welcome three major innovations in Oracles, Stablecoins, and L2 solutions.
• The first is the advent of Oracles on Cardano, which will enable the protocol to break free from its closed nature and connect with the real world.
• Cardano is also expected to introduce Stablecoins and Hydra, which are advanced tools that will enhance the protocol’s functionality, flexibility, and scalability.

Cardano is set to take a big leap forward this year with the introduction of three major innovations in Oracle technology, Stablecoins, and Layer 2 solutions. The expectations are high for the growth of the Cardano ecosystem, with many hoping for a price of ADA to reach $2.

The first major upgrade coming to Cardano is the implementation of Oracle technology. Oracles are an advanced tool that will enable the blockchain protocol to interact with the real world. Oracles provide a bridge between off-chain and on-chain data, allowing for the execution of atomic swaps, cross-chain liquidity pools, and pricing based on mutually agreed oracle data. Cardano is currently utilizing Charli3, a decentralized oracle that is growing in popularity. However, the next generation of Oracles on Cardano will be far more advanced and able to handle more complex utilities.

The second upgrade is the introduction of Stablecoins on the Cardano protocol. Stablecoins are digital tokens that are pegged to a real-world asset, such as the US dollar, and provide a stable store of value. Stablecoins will enable Cardano users to hedge against the volatility of the crypto markets, giving them more protection and security.

Finally, Cardano will be introducing Hydra, a Layer 2 solution. Hydra is a second layer protocol that will be built on top of the Cardano blockchain and will enable faster, more efficient transactions. It will also provide scalability, allowing the Cardano network to process higher volumes of transactions.

Overall, the three major upgrades coming to Cardano this year are expected to take the protocol to the next level. With the addition of Oracles, Stablecoins, and Hydra, Cardano will be able to become more connected to the real world, provide users with a more secure store of value, and increase its scalability. With these updates, the Cardano ecosystem is expected to grow and many are hopeful that the price of ADA will hit $2 by the end of the year.

• The Dogecoin Foundation has announced a 5,000,000 DOGE ($360,000) development fund for developers contributing to the ecosystem.
• The funds will be run by members of the foundation and a reward of 500,000 DOGE will be distributed to developers after the Dogecoin Core records a minor or major advancement.
• Custodians have no right to access the money in the wallet, and in case of a custodian’s absence for at least three months, the others shall initiate a replacement process.

The Dogecoin Foundation has recently announced a 5,000,000 DOGE ($360,000) development fund dedicated to developers who contribute to the Dogecoin ecosystem. The fund is meant to promote the growth of the Dogecoin Core and reward developers with a 500,000 DOGE payout after the Core records a minor or major advancement.

The funds have been moved to a „segregated multi-signature wallet,“ which will be run by members of the foundation. These custodians, which include chromatic (Dogecoin Core developer), Marshall Hayner, Patrick Lodder, Michi Lumin, and Ross Nicoll, will be responsible for the security of the wallet. Custodians have no right to access the money in the wallet either as individuals or as a group. In the event of a custodian needing to step down, they cannot nominate a successor and must instead request secession for their slot. The remaining custodians must then publicly nominate a replacement and unanimously agree on the appointment. If a custodian is not available without notice for at least three months, the others shall initiate a replacement process.

The introduction of this development fund is a major step forward for the Dogecoin project and the cryptocurrency community in general. The Dogecoin Foundation is confident that this new initiative will help to promote the growth of the Dogecoin Core and help developers to continue creating innovative products. In addition, this fund also provides a much-needed incentive for developers to continue contributing to the Dogecoin project. With the development fund in place, the Dogecoin Foundation is sure to see an influx of new developers and projects in the coming months.

• Polygon (MATIC) and Solana (SOL) have made significant price gains in the past 24 hours.
• MATIC was the fifth most purchased asset by Ethereum whales in this same period.
• Solana’s TVL has dropped from around $1 billion in November to currently around $215 million.

The cryptocurrency market has started off the new year on a bullish note with several tokens recording price gains. Among them are Ethereum Layer 2 calling solution Polygon (MATIC) and high-performance proof-of-history blockchain Solana (SOL). In the last 24 hours, MATIC has gained 1.59 percent and is currently trading at around $0.78. Data from WhaleStats shows that the token was among the top 10 most purchased assets by Ethereum whales. In particular, MATIC was the fifth most purchased asset by the top 100 largest ETH wallets.

Meanwhile, SOL has seen even more impressive gains of 5.17 percent in the last 24 hours, trading at around $11.81. This puts it up 18.1 percent since 2023 started as it tries to fight back from the FTX-fueled crash. The crash began in November and has seen SOL drop out of the top 10 cryptocurrencies ranked by market cap.

At the same time, the Polygon network has seen significant adoption numbers in the last three months. The total value locked (TVL) on Polygon decentralized finance (DeFi) protocols has remained relatively stable at around $1 billion. This is in stark contrast to competitors like Avalanche and Solana, which have both seen liquidity drop-offs in the same period. In the case of Solana, TVL has dropped from around $1 billion in November to currently around $215 million. This has been accompanied by allegations of whales manipulating the price of the token.

As the cryptocurrency market continues to heat up, it will be interesting to see if Polygon and Solana can maintain their current price gains. With bullish development activities expected in the two ecosystems, it is possible that we could see further price appreciation for the two tokens in 2023.