• Conflux (CFX) is a permissionless Layer 1 blockchain that employs a decentralized economic-driven governance system.
• CFX price prediction for 2023 is $0.4043 to $1.3479 and might reach $0.8 soon.
• The descending triangle pattern is seen in the chart of CFX which indicates sellers are more aggressive than buyers.
What is Conflux (CFX)?
Conflux (CFX) is the native cryptocurrency of Conflux, a permissionless Layer 1 blockchain that employs a decentralized economic-driven governance system. CFX can be utilized for transaction fees, staking rewards, mining rewards, and network governance.
Current Market Status of CFX
The current price of CFX is $0.343749 with 24-hour trading volume of $295,345,570 and 24-hour price change of 3.1% up. The circulating supply of Conflux (CFX) is 2,097,547,687 and the all-time high was recorded on March 27th 2021 at $1.70 .
Conflux Price Prediction 2023
The chart laid out a descending triangle pattern which can be interpreted as bearish signal but it can also be bullish depending upon the trend reversal or continuation in future days . Currently ,the price range for CFX lies between 0.3235 to 0.4862 and 0 .6123 if we see breakout from this triangle in coming days . However ,if trend reverses then CFX may fall to 0 .3061 level too .
Support & Resistance Levels Of CFX
The support & resistance levels of Conflux (CFX ) are shown in the chart below :
In conclusion ,Conflux (CXF) holds 65th position on CoinGecko right now with its price prediction at range between 0 .4043 to 1 .3479 dollars by 2023 with potential to reach 0 .8 dollar soon depending upon trend reversal or continuation . Also ,support & resistance levels are indicated in chart above showing threshold points for buying & selling activities respectively
•Trust Wallet has integrated with Coinpanda, Koinly and CoinTracker to offer users free insights reports and a quick and easy way to generate tax reports.
•The new integration makes it easier for users to understand their crypto tax liability and manage the challenges of reporting during the upcoming tax season.
•Users that use Trust Wallet and one of its partner services will get a discount when creating their tax report.
Trust Wallet Offers Simplified Crypto Tax Reporting
Trust Wallet, one of the leading self-custodial multi-chain mobile wallets, has announced today that it is collaborating with Coinpanda, Koinly, and CoinTracker to offer its users free insights reports as well as an easy way to generate tax reports. This integration makes it simpler for users to comprehend their cryptocurrency tax liability while adhering to local regulations.
The one-click service provided by Trust Wallet allows users to easily input information without any manual labor. By using the new feature, customers can have a better understanding of their crypto holdings during this upcoming taxation season. In addition, holders of 50 $TWT will also receive further discounts on complete tax report creation when utilizing any partner service.
Eric Chang, Head of Product at Trust Wallet, expressed that they are committed in providing a seamless experience for users when it comes to cryptocurrency taxes: “Our free insights report offers a comprehensive overview of a user’s crypto holdings which can be just as useful for those who don’t want to file taxes.” He added that with this new feature they are taking another step towards empowering their users with necessary information while simplifying the process at the same time.
Partner Services Benefits
Eivind Semb, CEO and Founder at Coinpanda said: “We believe that everyone should be able to easily and accurately report their cryptocurrency taxes regardless of expertise…Together we are making tax reporting accessible to everyone in the crypto community.” Vera Tzoneva COO at CoinTracker shared her excitement about partnering with Trust Wallet saying: “At CoinTracker our mission is to enable everyone use crypto with peace of mind”.
In conclusion this partnership between Trust Wallet and its partner services ensures that customers have an easier time when filing taxes during this upcoming season while providing them discounts too!
• The Krach Institute for Tech Diplomacy at Purdue has appointed Senior U.S. State Department Official Janice L. deGarmo as Chief Operating Officer, effective March 13.
• deGarmo served as Director of the Office of Management Strategy and Solutions at the U.S. Department of State and created the Center for Analytics (CfA).
• In her new role as COO, she will bring a data-driven mindset to deliver operational and management excellence to scale the Institute and effectively deliver on its unique value as the global leader of the new category of Tech Statecraft.
Krach Institute Appoints Janice deGarmo as Chief Operating Officer
The Krach Institute for Tech Diplomacy at Purdue has announced that Senior U.S. State Department Official Janice L. deGarmo has been appointed Chief Operating Officer, effective March 13th, 2021.
Background and Experience
deGarmo brings an extensive record of transformational leadership to the Krach Institute following 15 years of service at the U.S. Department of State where she was Director of the Office of Management Strategy and Solutions responsible for creating the Center for Analytics (CfA) and serving as Acting Chief Data Officer to elevate data-informed diplomacy across departments within the agency.. Additionally, she was Executive Director for both Bureaux Information Resource Management and Administration providing oversight in budget formulation/execution, IT global application development, contract administration and staff management operations support services worldwide during her tenure with the department’s Foreign Service Institutes (FSI).
Role as COO
As Chief Operating Officer, deGarmo will bring a data-driven mindset to deliver operational and management excellence to scale up activities at The Krach Institute in order to effectively deliver on its unique value proposition globally; driving adoption of trusted technology on a massive scale through tech statecraft initiatives around the world.. She will be working closely with Chairman Keith Krach towards this mission by utilizing her experience in foreign policy expertise combined with analytical skillsets possessed by few others in her field today – specifically due to her ability to challenge status quo while inspiring unifying teams towards noble missions that leave a lasting impact long after execution is completed .
Impact Statement from Chairman Keith Krach
Upon appointing deGarmo into this role Chairman Keith Krach remarked “Janice is an impact player and one of most impressive career officials I had honor working with during my tenure Under Secretary State.. She has rare ability challenging status quo while inspiring , empowering , unifying high performance team achieve noble mission , leaving profound lasting impact .. These qualities combined foreign policy expertise analytics skills enhance Institute’s ability innovate drive adoption trusted technology massive scale ”
Through her appointment into this position it is clear that The Krach Institute hopes deGarmos’ vast experience in transforming organizations coupled with her deep understanding & knowledge in diplomatic affairs , technical capabilities , analytical focus & strategy will help lead them towards achieving their ambitious goals & objectives set forth int he near future .
• Shiba Inu (SHIB) was launched as a memecoin in 2020 with the aim of becoming a contender to Dogecoin (DOGE).
• The current price of SHIB is $0.00001102 and it has been forming a descending triangle pattern, which could indicate a bearish trend.
• According to our SHIB price prediction for 2023, the prices may reach up to $0.00001597-$0.00002560 or fall down to $0.00000731.
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) was launched on the Ethereum blockchain and also resides on the Binance Smart Chain (BSC). This popular memecoin was developed and launched in 2020 by a pseudonymous founder Ryoshi. Shiba Inu exists as a potential contender to the largest memecoin, Dogecoin (DOGE) and thus, it is called the DOGE killer. The network is working on launching its new Defi project, Shibarium Financial Ecosystem (SHIBFE). SHIBFE is followed by the launch of its native stablecoin project, SHI. SHI is an “algo-stablecoin” pegged to a dollar.
Shiba Inu Current Market Status
Current Price: $0.00001102
24 – Hour Trading Volume: $152,516,615
24 – Hour Price Change: 1.8% Down
Circulating Supply: 589,366,379,199,203
All – Time High: $0.00008616 (on Oct 28th 2021)
Shiba Inu Price Prediction 2023
Shiba Inu holds the 15th position on CoinGecko right now and according to our prediction for 2023 based on data from statistics and price patterns; RSI; RVOL etc., we can infer that:
Bullish Prediction: Prices may reach up to $0.00001597 -$ 0 . 00002560 or even hit $0 . 00008 soon
Bearish Prediction : Prices may fall down to $ 0 . 00000731
Support & Resistance Levels
The chart below shows support & resistance levels which act as indicators of possible breakouts & reversals in trends respectively :
Overall , Shiba Inu might witness an uptrend or downtrend depending upon if there’s a significant breakout or reversal in trends respectively , making it an interesting asset for investors looking out for potential profits in 2023 .
• Meta has released a new language model, LLaMA, to compete with ChatGPT and Google’s Bard.
• The AI arms race spurred by ChatGPT has been joined by Facebook (Meta) founder Mark Zuckerberg.
• LLaMA was created to help researchers investigate potential applications of AI in query response and document summarization.
New Language Model: LLaMA
Facebook (Meta) founder Mark Zuckerberg announced the launch of a new language model for Meta – dubbed LLaMA – in an effort to rival existing AI technologies such as ChatGPT and Google’s Bard. LLaMA is part of Meta’s Fundamental AI Research (FAIR) Unit, reflecting a broader development in the field. It was designed to help scientists and engineers investigate potential applications for AI, including query response and document summarization.
AI Arms Race
The success of ChatGPT has sparked an AI arms race between IT industry leaders, with everyone eager to get their slice of the expanding industry. OpenAI’s chatbot uses an extensive language model system as its backbone, while Google’s counterpart relies on LaMDA technology. With the introduction of Meta’s version of this technology, users will now be able to take advantage of the sophisticated capabilities offered by these systems.
Harder Tasks Within Reach
According to the CEO, harder tasks like solving arithmetic problems or predicting protein structures are now within reach with this version of the technology developed by Zuckerberg and Meta. This reflects how quickly the technology is developing under OpenAI and other leading developers in the industry.
Chatbots have become increasingly popular over recent months due to their impressive capabilities and potential applications across multiple industries. As more companies start tapping into this rapidly growing sector for innovation opportunities, competition among developers has intensified significantly since then.
The release of Meta’s new language model has further intensified competition within IT’s booming AI sector as more companies strive for a piece of this rapidly growing market share. With advanced capabilities such as query response and document summarization now available through LLaMA, users can expect even greater achievements from chatbot technologies in the near future
• Blur NFT marketplace recently gained substantial popularity after its airdrops on the 14th of February.
• The platform surged 273.22% in terms of volume over the last 7 days, outshining OpenSea as the number one marketplace in terms of volume.
• Suspicious activities have been recorded including wash trading of NFT and minimal distance between toppers of average price and traders in Blur.
BLUR NFT Marketplace Gains Popularity
Recently, the native token of the Blur NFT marketplace, BLUR, gained substantial popularity after its airdrops on the 14th of February. As per the official blogs from Blur, the three rounds of airdrops are defined for particular sets of community members. At present time, 2nd round airdrop claim is 337,814,207 BLUR tokens from total allocation 360 million with 60 days left for claiming tokens.
Blur Outshines OpenSea
DappRadar listed Blur as number one marketplace in terms of volume, surpassing OpenSea by 273.22%. This setback has made OpenSea revise technical functionalities to gain back migrating customers. The royalty program and attributes are enhanced allowing creators to list their artworks only in specific marketplaces.
Suspicious Activities On Record
A few suspicious activities are also on record indicating wash trading of NFTs on platform although toppers of average price and traders are different from those in Blur but with minimal difference between them.
Royalty Program And Attributes Enhanced
OpenSea has revised technical functionalities and enhanced royalty program and attributes to gain back migrating customers while allowing creators to list their artworks only in specific marketplaces.
The surge in popularity for Blur’s native token is due to its airdrops offered before launch and outshining OpenSea as numero uno platform in terms of volume despite some suspicious activities related to wash trades being reported recently.
• Binance, a cryptocurrency exchange, has incorporated zk-SNARKs into its proof-of-reserves verification system.
• This upgrade is expected to increase the safety and transparency of the verification process.
• The method allows Binance to demonstrate the status of its assets while keeping sensitive information private.
Binance Upgrades Security with zk-SNARKs
Binance, a leading cryptocurrency exchange, announced on February 10 that it will be using zk-SNARKs as part of its proof-of-reserves verification system. This cutting-edge technology should greatly enhance the security and openness of the verification procedure.
Proof of Reserves Verification System
Proof-of-reserve verification was introduced after the FTX collapse in 2022, to ensure exchanges really had the assets they claimed to have. Binance was one of the first exchanges to adopt this system but has recently upgraded it with zk-SNARKs for more privacy and security.
Advantages Of ZK – SNARKS Upgrade
The upgrade enables Binance to demonstrate the status of its assets while keeping sensitive information private, making this an ideal approach for confirming reserves. It provides users with more assurance that their funds are being securely stored by the exchange.
Other Major Exchanges Adopt PoR Technology
In light of what happened with FTX, other major exchanges such as Crypto.com, Bybit and OKX also adopted Merkle Tree based proof-of reserves mechanism for increased transparency. Despite these efforts some people remain skeptical about PoR technology’s reliability and accuracy; however Binance is confident in their new upgrade which should give users peace of mind knowing their funds are safe and secure on their platform .
Binance’s zk-SNARKs upgrade is an important step forward in PoR technology that provides users with greater assurance that their funds are secure on their platform. It also increases transparency within the industry by allowing everyone access to open source PoR systems so individuals can verify reserves themselves if desired
• Despite higher quarterly income, WisdomTree reported a net loss of $28.3M in Q4 2022.
• Their crypto portfolio dropped in value by $235M during this period due to the extended bear market in Bitcoin and other cryptocurrencies.
• In December 2022, WisdomTree received SEC approval to add nine blockchain-enabled ETFs to its platform.
Crypto Market Decline
WisdomTree’s cryptocurrency holdings experienced a dramatic decrease in value during the fourth quarter of 2022, dropping from $163 million at the beginning of the quarter to $136 million as of December 31, 2022. This resulted in a net loss of $23 million for the company. A year prior, their crypto portfolios had been valued at $357 million, indicating an overall decline of over 62% since then. Redemptions and withdrawals from funds totaled only $4 million throughout this period.
The protracted bear market in Bitcoin and other cryptocurrencies was largely responsible for WisdomTree’s losses during this time. This downturn was exacerbated by several bankruptcies within the industry such as Terra Luna and associated hedge fund Three Arrows Capital, as well as crypto lender Celsius, all going bankrupt in July 2022. Consequently, investors began withdrawing their money from WisdomTree’s funds en masse which led to further devaluation across the board.
In December 2022, WisdomTree received approval from the Securities and Exchange Commission (SEC) to add nine blockchain-enabled exchange-traded funds (ETFs) to its platform; however they have thus far been unable to receive approval for a Bitcoin spot exchange-traded fund (ETF). These ETFs will allow investors greater access to digital asset markets through established financial mechanisms associated with WisdomTree’s funds.
Despite higher quarterly income for WisdomTree ($73M), their net loss for Q4 2022 was significant ($28M), primarily due to large declines in their crypto portfolio ($235M). The continued bear market on Bitcoin and other cryptocurrencies has caused considerable losses across many industries; however with recent SEC approvals allowing greater access through established financial mechanisms such as ETFs, there are opportunities available for those wishing to invest or trade digital assets while mitigating risk exposure within a regulated environment.
• Jack Dorsey, co-founder of Twitter, recently backed a decentralized Twitter rival called Damus.
• The app was available in China’s Apple App Store for two days before it was taken down by the CAC for violating national speech rules.
•The goal of the open-source Nostr protocol is to provide a censorship-resistant social media platform accessible anywhere in the world.
Jack Dorsey’s Initiative
Jack Dorsey, co-founder of Twitter, recently backed an initiative called Nostr – a distributed social media protocol on which various new initiatives are being developed. One such initiative is Damus – a decentralized Twitter rival that works on Apple devices and is powered by Bitcoin Lightning Network.
Banned In China
Damus was available in China’s Apple App Store for two days before it was taken down by the Cyberspace Administration of China (CAC) for violating national speech rules. Apple cooperated promptly after being asked to by the authorities.
The Goal Of Nostr Protocol
The goal of the open-source Nostr protocol is to provide groundwork for a decentralized, censorship-resistant social network that can be accessed from anywhere in the world thanks to its use of cryptographic key pairs and Bitcoin Lightning Network transactions. Other applications built on top of Nostr include Anigma (an alternative to Telegram) and Jester (a chess software).
Elon Musk & Decentralization
In 2019, when he was still CEO of Twitter, Jack Dorsey allocated funds to develop a decentralized social media system and plead with Elon Musk after his takeover of Twitter for the service to be moved onto an “open source protocol funded by a foundation”.
Decentralized platforms such as Damus offer users more control over their data while also providing them with an uncensored platform where they can share their thoughts without fear or repercussion. While this may lead to some issues such as those seen in China with Damus’ takedown it is important that users have access to these platforms so they can freely express themselves without fear or censorship.
• Ripple has appointed Monica Long as its new President.
• She has been part of Ripple since 2013 and has played a key role in the development of their ecosystem.
• Ripple CEO Brad Garlinghouse praised her for leading the company to success even in difficult times.
Ripple, a cryptocurrency firm, has announced the elevation of Monica Long to the position of President. Long has been with Ripple since 2013 and has played a key role in the development of the Ripple ecosystem. She was part of the team when there were only 10 people on staff.
Ripple’s CEO Brad Garlinghouse referred to Long as one of the most renowned figures in the industry in the press release. He praised her for having helped lead Ripple to a successful point of development and financial health, even in difficult times. He noted that at a time when crypto was still coming into the spotlight, she was “in the trenches” establishing Ripple as a responsible leader in the industry.
Long expressed her excitement and enthusiasm for the new role in the press statement. She mentioned her appreciation for the trust and confidence that Ripple has placed in her and stated her commitment to continue to help the company grow and fulfill its mission. She also stated her intention to ensure Ripple remains a responsible leader in the crypto industry, even as the space continues to evolve.
The former SVP/GM of Ripple will be responsible for steering the company’s operations and initiatives. She will also be responsible for ensuring that Ripple remains on the cutting edge of technology and innovation in the crypto space. With her experience and expertise, Long is expected to continue to help Ripple grow and succeed in the years ahead.