• Wrapped CryptoCats Official is a non-fungible token collection built on the Ethereum network.
• There are 160 owners in the collection with 273 sales made at an average price of 4.47 ETH (~$7,437.49).
• Payment tokens for Wrapped CryptoCats Official include ETH, DAI, WETH and USDC.
Overview of Wrapped CryptoCats Official
Wrapped CryptoCats Official is a non-fungible token (NFT) collection built on the Ethereum network launched in 14 March, 2021. 315 items of the Wrapped CryptoCats Official collection can now be viewed at OpenSea. The total number of owners has reached 160 within 731 days since its release.
Price and Sales of Wrapped CryptoCats Official
The market capitalization of Wrapped CryptoCats Official NFT collection is 0 ETH. Since created the Wrapped CryptoCats Official, 273 collections sales were made at an average price of 4.47 ETH (~$7,437.49 at the time of writing). This created a total volume in 1,219.497 ETH. The floor price of Wrapped CryptoCats Official is 3.25 and the 30-day trading volume is kept at 4.49 ETH. The payment tokens of the Wrapped CryptoCats Official collection are ETH, DAI, WETH and USDC.
Why Some NFTs Are Expensive And Others Not?
NFTs are very new to the blockchain ecosystem and are still in their infancy thus there is no historical data or precedence that can assist in determining the value of an NFT project or NFTs themselves yet some projects have garnered legitimacy purely because they had a first-mover advantage and others have been made purely out of greed exploiting immense market growth hence why some projects have no value while others become expensive over time due to their success stories or creative space recognition from artists who acknowledge its value add to their art pieces as well as opportunists taking advantage from market growth opportunities when they arise..
Is The Collection Over Or Underpriced?
It is difficult to determine whether NFTs from theWrapped CryptoCats Officiallcollection is overpriced or underpriced due to this being an emerging market without any precedence that could assist in such assessment however it will become clearer when more active development and promotion occur by its creators and community as it will influence prices accordingly .
Examples Of Collection Items
Examples fromtheWrappedCryptoCatsofficialcollection include Cat #14, Cat #339 , Cat #271 and Cat #286 which showcase different art pieces that can be used as digital collectibles such as avatars etcetera through blockchain technology based on Ethereum network protocol standards
• Hedera Network has blocked access to its wallet and app due to technical irregularities.
• SaucerSwap, a DEX on the Hedera Network, has encouraged users to withdraw their liquidity from the platform.
• The cause is possibly an exploit in its smart contracts, though no information about stolen funds has been disclosed yet.
Hedera Network Blocks Access To Wallet & App
The Hedera Network announced that it will turn off all network proxies on its mainnet as it investigates irregularities discovered in its smart contracts. This means that users cannot access or use wallets, decentralized exchanges, decentralized applications, and centralized exchanges on the network. Despite this action, the mainnet continues to remain operational and is reaching consensus on new blocks.
SaucerSwap Encourages Users To Withdraw Liquidity
As a result of these developments, SaucerSwap – a decentralized exchange (DEX) on the Hedera Network – has encouraged its users to withdraw their liquidity from the platform before things can be resolved.
Reason For Decision
Hedera stated that they are taking this action in “an abundance of caution” for its users but have not disclosed whether any funds have been compromised or stolen. This decision was met with criticism by some community members who questioned the project’s commitment to complete decentralization since Hedera maintained control of all proxies at launch.
On March 9th Hedera stated that an ongoing exploit was hitting them and impacting all decentralized applications using their Token Service (HTS). Ignas further elaborated that this issue was related to decompiling processes within smart contracts and advised people to get their funds out now as a precautionary measure. As a result of this news Hashport paused services in order to contain the issue.
Though access and proxies will be re-enabled once issues are resolved, currently users are unable to access any wallets or apps associated with the Hedera Network while investigations continue into what could potentially be an exploit in their smart contracts. In light of these events SaucerSwap has recommended withdrawing any liquidity from their platform until further notice is given by Hedera themselves
• Ethereum core developers have agreed to push the Shanghai/Capella (also dubbed ‚Shapella‘) upgrade to early April.
• The much-anticipated phased withdrawal of Ether (ETH) from the Beacon Chain will be part of the testing.
• The upgrade is expected to retain a bullish momentum for ETH with as volatility points accrued due to ETH staking likely decreases.
Ethereum’s Shanghai Upgrade Pushed To Early April
Ethereum’s core developers have agreed to push the Shanghai/Capella (also dubbed ‚Shapella‘) upgrade to early April in their latest All Core Developers Execution (ACDE) call just yesterday, March 2. Originally slated for the end of March, project lead Tim Beiko announced that the mainnet launch for the Shanghai upgrade will be pushed a further two more weeks at the earliest in order to give node operators time to upgrade their clients.
Successful Sepolia Testnet
He has also noted the success of the Shanghai upgrade on the testnet Sepolia tested last Tuesday, February 28. The Sepolia testnet is a network with limited functions that only allowed for the operation of validator nodes.
Goerli Testnet Next Step
The next step is to deploy the upgrade on the Goerli testnet, a test network allowing for more varied functions such as the testing of smart contracts and decentralized applications. More specifically, the much-anticipated phased withdrawal of Ether (ETH) from the Beacon Chain will be part of this testing. The Goerli test is slated for March 14, 2023 and Beiko has announced another ACDE call on March 16, where they would „probably“ set date of mainnet launch assuming things go smoothly.
Transition From PoW To PoS Mechanism
The Shanghai Upgrade is much-anticipated upgrade (and thus a hard fork) following The Merge that completed Ethereum’s transition from a proof-of-work (PoW) to proof-of-stake (PoS) mechanism. This upgrade will allow validators finally withdraw their staked ETH which have been stored from as far back as December 2020 when consensus layer was deployed.
Increase Transactions Speeds & Lower Gas Fees
Other anticipated upgrades are focused on increasing transactions speeds and lowering gas fees resulting in bullish momentum for ETH and benefit liquidity staking platforms immensely due decrease in volatility points accrued because ETH staking would likely decrease.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
• ChainwireTelept Inc. launches Telept City, a ground-breaking first-mover Web PC platform that empowers participants to create AI generated Non-Fungible Tokens (NFTs).
• Telept City is powered by an AI Generated Content (AIGC) image generation model and provides a novel and accessible AI Web 3.0 experience for users.
• The X-Native collection is an ever-expanding library of NFTs created using the Telept AI with exclusive IP on the Ethereum.
ChainwireTelept Inc. Launches Telept City
San Francisco, USA, 25th February, 2023 – ChainwireTelept Inc., a Web 3.0 startup, has announced today the launch of a ground-breaking first-mover Web PC platform called Telept City which empowers participants to create one-of-a-kind Artificial Intelligence (AI) generated Non Fungible Token (NFT) called X-Native.
Overview of Telept City
The intuitive game like user interface of Telept City is powered by its cutting edge AI Generated Content (AIGC) image generation model which has undergone rigorous fine tuning utilizing a vast database of images. This provides a novel and accessible AI web 3.0 experience for participants of all levels enabling them to generate NFTs with minimal effort and cost involved in the process.
X Native Collection
The set of NFTs produced by Telept’s AI exclusively for Telept city users is known as X Native (Official Name on OpenSea ‚Telept City: X Native‘). This concept is based on benchmarking the visual version of Ethereum Name Service and it consists of AI NFTs as well as X Native Mystery Boxes with exclusive IP on the Ethereum. As per Lika Lee, CEO at Telecomt, these NFTs have potential to produce significant social value beyond just their financial worth hence they are committed to making it easier for everyone to create them regardless of their experience level in this domain or not.
Beta Version Of X Native’s NFT & Mystery Boxes
The beta version of X Native’s NFT & Mystery boxes are now available which will be released officially on March 23rd as per its roadmap containing details regarding its social significance & exclusive privileges associated with them respectively.. Users can log onto telep city via Metamask wallet wherein they will be presented with an interface resembling a trivia game wherein questions were designed tapping into their thinking about self image through gamified approach in order to help them create desired NFT easily & quickly . The answers provided by user get interpreted by the AI which further generates user defined image ultimately getting encrypted as an NFT part if x native collection .
In conclusion , With The Launch Of Its Ground Breaking First Mover Web Platform Called ‘TelepCity‘, ChainwireTelep Inc Is Aiming To Make It Easier For Everyone To Create Unique Non Fungible Tokens (Nft’s ) With An Intuitive Game Like User Interface Powered By Its Cutting Edge Ai Generated Content Model Utilizing A Vast Database Of Images In Order To Provide A Novel And Accessible Ai Web 3 Experience For Participants Of All Levels Thus Making Their Creation Easier , Quicker And Cost Effective Along With Exclusive Privileges Associated With x Native Collection On Ethereum Blockchain .
• Revenants by Alethea AI is a non-fungible tokens collection built on the Ethereum network.
• Since its launch, 124 sales have been made at an average price of 23.02 ETH (~$39,287.09).
• Prices of NFTs from the Revenants by Alethea AI collection are determined by its development and promotion.
Revenants by Alethea AI
Revenants by Alethea AI is a non-fungible tokens collection built on the Ethereum network launched in 12 October, 2021. 100 items of the Revenants by Alethea AI collection can now be viewed at OpenSea. The total number of owners has reached 69 within 493 days since its release.
Price & Sales
The market capitalization of Revenants by Alethea AI NFT collection is 1,625 ETH. Since created the Revenants by Alethea AI, 124 collections sales were made at an average price of 23.02 ETH (~$39,287.09 at the time of writing). This created a total volume in 2,853.973 ETH. The floor price of Revenants by Alethea AI is 21.42 and the 30-day trading volume is kept at 32.50 ETH. The payment tokens of the Revenants by Alethea AI collection are ETH, WETH.
Why Are Some NFTs Expensive?
NFTs are very new to the blockchain ecosystem and are still in their infancy which makes it difficult to determine their value as there is no historical data or precedence that can assist in determining their value accurately . NFT projects that started at early stages have garnered legitimacy purely because they had a first-mover advantage and could learn from previous mistakes that other projects have faced while creating their own project model which adds more value to them than others that were created out for greed with no real purpose or utility being added to them except for exploiting market growth opportunities .
Revenants By Alethea’s Overpriced Or Underpriced?
It is difficult to determine whether NFTs from the Revenant’s Collection are overpriced or underpriced as this will become clearer when more active market participation takes place . The prices also depend on how well developed and promoted these collections are so it’s important for developers to focus on these factors if they want their project to be successful .
Examples Of Tokens From The Collection
Thiruvalluvar: Revenant #1 Julius Caesar: Revenant #2 Machiavelli: Revenant #3 Karl Marx: Revenant #4
• Tether, the company behind the USDT stablecoin, has managed to improve its financial situation drastically and ended 2022 with a $700 million net profit.
• Tether was able to get all of its commercial paper off its books by the end of 2022 and an attestation report from BDO Italia confirmed this.
• The only question mark against Tether’s financial situation is that it has yet to undergo a full financial audit which would give unrestricted access to its books.
Tether Improves Financial Situation
Beleaguered throughout 2022, Tether has managed to improve its financial situation drastically and top it all with a $700 million Q4 net profit. A large part of which was commercial paper, however the improved finances have allowed Tether to get the commercial paper off of its books. It had given itself a target of doing this by the end of 2022 and an attestation report, provided by top-5 accounting firm BDO Italia at the end of December 2022, confirmed this.
BDO Italia Attestation Report
The report vouched for the integrity of Tether’s own Consolidated Reserves Report, stating that there was no longer any commercial paper backing, that it held $67 billion in consolidated assets, and that it held excess reserves of at least $960 million. Paolo Arduino, CTO of Tether commented on his company’s progress: “After a tumultuous end to 2022…we are proud of how Tether has continued to be a driving force in rebuilding trust within the crypto industry”.
Continued Organic Growth
Not only were they able to smoothly execute over $21 billion dollars in redemptions during chaotic events last year but also issued over $10 billion USD₮ as an indication for continued growth and adoption for their product. This quarter alone generated over $700 million in profits adding onto existing reserves showing stability even under bear markets or black swan events.
Question Mark About Financial Audit
The only real question mark against Tether’s financial situation is that a third-party attestation is only really a snapshot at a particular time and not confuse with full financial audit which would allow full and unrestricted access to books. Until such time that they do undergo such an audit suspicions will remain among some detractors .
This article is provided for informational purposes only; not offered or intended as legal, tax, investment advice etc..
• The United States Department of Justice has launched a probe into Silvergate Capital Corp. and its dealings with bankrupt crypto firm FTX and its sister concern Alameda Research.
• The DoJ is now looking into the operations of Silvergate Captial Corp., the parent company of the fintech and crypto-focused Silvergate Bank, which was one of the chief backers of FTX.
• Federal prosecutors in the DoJ’s fraud section are conducting a criminal probe into the bank’s dealings, especially those with FTX and Alameda Research, as it had been hosting several accounts tied to businesses associated with FTX founder Sam Bankman-Fried.
DoJ Probes Silvergate Capital Corp.
The United States Department of Justice has launched a probe into Silvergate Capital Corp. and its dealings with bankrupt crypto firm FTX and its sister concern Alameda Research.
Silvergate Bank Investigated
The DoJ is now looking into the operations of Silvergate Captial Corp., the parent company of the fintech and crypto-focused Silvergate Bank, which was one of the chief backers of FTX. This resulted in a net loss of $1 billion for the bank in the fourth and final quarter of 2022 after over two thirds customer withdrew deposits worth $8 billion after FTX collapsed.
Criminal Probe Launched
Federal prosecutors in the DoJ’s fraud section are conducting a criminal probe into the bank’s dealings, especially those with FTX and Alameda Research, as it had been hosting several accounts tied to businesses associated with FTX founder Sam Bankman-Fried. This has incited increased scrutiny from government bodies like US senators requesting details about risk management practices related to these companies.
Silvergate used to be a small US organization till it went public in November 2019; soon it entered the crypto market becoming an important feature as a bank for companies that were rejected by traditional banking service providers. Its shares reached an all time high before plummeting 88% due to FUD among investors because increasing judicial scrutiny weighed down performance creating panic selling resulting in layoffs being implemented to mitigate damages incurred by it.
Could Charges Be Brought?
Although no charges have been brought against Silvergate yet, that eventuality is possible given current anti-crypto sentiments among most U.S government departments such as DOJ fraud section conducting further investigations on its connections to business associated with Sam Bankman-Fried
• Bitcoin exchanges have seen significant outflows since the collapse of FTX back in November.
• The „all exchanges netflow“ metric measures the net amount of Bitcoin leaving or entering centralized exchanges.
• Negative values of the metric indicate investors are accumulating, which could have a bullish impact on the price.
The Bitcoin market has been abuzz with activity recently, and it appears that outflows from exchanges are to blame. On-chain data shows that centralized exchanges have registered the most significant outflows since the collapse of the crypto exchange FTX back in November.
The relevant indicator here is the „all exchanges netflow,“ which measures the net amount of Bitcoin exiting or entering into the wallets of all centralized exchanges. This metric’s value is calculated by taking the difference between the inflows (the coins going in) and the outflows (the coins moving out). When the indicator has a positive value, it signals that the inflows overwhelm the outflows, and a net number of coins are being deposited to exchanges. Generally speaking, investors deposit to exchanges for selling purposes, so this trend could have bearish implications for the price of the crypto.
However, when the metric has a negative value, it implies that a net amount of supply is being pulled off these platforms. Usually, holders withdraw their coins from exchanges to hold onto them for extended periods in personal wallets. This could signal that investors are accumulating at the moment, which may have a bullish impact on the price.
Indeed, this appears to be the case, as the chart below shows the trend in the Bitcoin all exchange’s netflow over the last few months: it looks like the value of the metric has been quite negative recently. This suggests that investors are taking their coins off exchanges and holding them in their own wallets, likely in anticipation of a potential price increase.
Overall, the outflows from Bitcoin exchanges are a positive sign for the crypto market, as it indicates that investors are growing bullish on the asset. This increased demand could lead to a surge in price, so it is something to keep an eye on in the coming weeks.
• The Polkadot price has breached the $5 resistance mark in the past trading sessions and appreciated by 3.8% over the last 24 hours.
• Technical outlook for DOT showed that despite a price correction, accumulation on the chart increased.
• Currently, DOT is trading at an 89% discount from its all-time high secured in 2021.
The cryptocurrency market has been on fire in the past weeks, driven by the surge of Bitcoin over the $18,000 mark. This has been the catalyst for other altcoins to also move upward on their respective charts. One such altcoin is Polkadot (DOT), which has seen impressive gains over the past few days.
Polkadot has seen a steady increase in price over the past few months, breaching the $5 resistance mark in the past trading sessions. Over the last 24 hours, DOT has appreciated by 3.8%. The technical outlook for DOT showed that despite a price correction, accumulation on the chart increased. Demand for the coin also increased, which could be seen on its chart.
In order for Polkadot to maintain a bullish stance for a longer time frame, the price has to remain above the $5.40 support line and breach the $6.20 resistance level. Currently, DOT is trading at an 89% discount from its all-time high secured in 2021, which indicates that there is a great opportunity for traders to take advantage of.
The daily chart of DOT also points towards an incoming fall in price, which means that traders might be presented with shorting opportunities. However, toppling the $6 mark could take the coin to $6.20, presenting the possibility for further gains.
Overall, the market sentiment for Polkadot remains bullish in the shorter time frame. However, traders should always remain vigilant and use proper risk management strategies when trading in the cryptocurrency market.
• Analyst Smart Contracter released an accurate prediction for Bitcoin’s 2018 bottom six months prior.
• He recently became bullish in his recent predictions due to Bitcoin price breaking out to a higher range.
• He used Elliot Wave Theory to support his technical analysis and predicted that Bitcoin would surge by more than $18,800.
The world of cryptocurrency and blockchain technology is filled with uncertainty, and predicting the trend patterns for crypto assets is usually difficult. But despite this, analysts have still released predictions for most crypto assets, and some have even turned out to be accurate. One such analyst who has gained popularity for his accurate prediction of Bitcoin’s 2018 bottom six months before the period is the pseudonymous trader and analyst, Smart Contracter.
Recently, Smart Contracter took to Twitter to inform his followers that he is now shifting his stance from bearish to bullish on the BTC/USD trading pair. His decision to shift to a bullish outlook was based on the recent Bitcoin price breaking out to a higher range. He went on to explain that Bitcoin is expected to perform better than other cryptocurrencies in the future due to its impulsive disposition, and he wished to capitalize on this by entering long positions once the opportunity came through a breakdown.
To support his technical analysis, Smart Contracter provided charts to demonstrate his predictions for the leading crypto asset. He predicted that Bitcoin would experience a 5-wave pattern for its primary trend, but its corrective movement will follow a 3-wave way. He also projected that BTC would surge by more than $18,800. To back up his projection, he used Elliot Wave Theory to support his technical analysis for BTC.
Smart Contracter’s prediction for Bitcoin’s price movement is one to watch out for, especially considering his past accurate predictions. And while it is difficult to predict the future of cryptocurrency and blockchain technology, it can be said that investors should keep an eye on his predictions as they could provide valuable insight into the future of the crypto market.