Summary

• BitDAO has proposed a new adjustment to Bybit’s contributions to its treasury.
• The proposal targets the contributions made to Bybit, one of the biggest cryptocurrency companies in the industry.
• This upgrade is meant to increase stability and predictability of BIT’s tokenomics, leading to more decentralization and reducing circulation from 6 billion tokens to 3.3 billion.

BitDAO Proposes New Bybit Contribution Mechanism

BitDAO, one of the biggest decentralized autonomous organizations (DAO), announced a key proposal that will change its tokenomics. The goal of this proposal is to modify the contributions made by Bybit, one of the biggest cryptocurrency companies in the industry. The main part for this new adjustment is that it will switch from a dynamic exchange-linked amount to a fixed scheduled amount over 4 years. This amount will start at 120 million BIT per month and will halve every year.

Benefits of This Upgrade

The upgrade will have numerous outcomes. It will help increase stability and predictability of BIT’s tokenomics through having a clean schedule for Bybit’s activities going forward as well as lead to more decentralization of BIT holdings and overall governance. It also seeks to reduce number of BIT in circulation from about 6 billion tokens down to 3.3 billion tokens in the next few years, which tends to have positive impacts on crypto token prices. Lastly, BitDAO itself would benefit with an 1.8x boost for its economics and voting power due this change in contribution structure.

Bybit Contributions so Far

So far, Bybit has contributed over $600 million USDT/USDC and 177k Ethereum into BitDAO Treasury since it became part of BitDAO community. The statement said: „BitDAO will continue partnering with Bybit in terms of product ideation, bootstrapping product development, BIT integration, and product distribution.“

BIT Price Flat Despite Changes

Despite these changes proposed by BitDAO team, there was no movement seen on Thursday on BIT price after announcement was made public; indicating that investors are still unsure about direct effect these changes would have on value proposition for their investment in short term or long term outlooks .

• Animoca Brands and Planet Hollywood Group have announced plans to launch a new members-only NFT club in Los Angeles called Club 3.
• The exclusive club will utilize the ClubID platform and require members to mint a Club3 NFT to access the four tiers of membership.
• The club is set to open at the iconic Sunset Boulevard later this year.

Animoca Brands and Planet Hollywood Launch Exclusive NFT Club

Animoca Brands, a Hong Kong-based digital entertainment firm, has announced plans for a new exclusive members-only NFT club in Los Angeles in partnership with Planet Hollywood Group through a joint venture with Meta Hollywood. This move thrusts the longtime Las Vegas digital firm into Web3.

Club 3 Membership

The new exclusive NFT club will be called CLUB 3 and members will hold CLUB 3 NFTs. At the centre of the new CLUB 3 venture is ClubID, a new identity, Hollywood membership, and commerce platform scheduled to launch in beta in 2023. Members of ClubID will have access to amenities like community chat based on the membership type. In order to become part of CLUB 3, collectors are required to mint a CLUB3 NFT. The one-time membership fee for Founding membership is $7,500 and that of Social membership is $2,500. Additionally, the platform also integrates web3 mechanics including community voting on promotions and perks as well as seasonal menus just like blockchain DAO’s do.

Location

Although Meta Hollywood hasn’t revealed details about the actual location yet, it has been confirmed that CLUB 3 will open at the iconic Sunset Boulevard later this year. The space will consist of a cocktail lounge, restaurant area and gaming areas with some exclusive benefits available only to ClubMembers such as private events and special offers from partners both inside and outside of Crypto world .

Exclusive Clubs

It is important to note that exclusive clubs are not something new to cryptocurrency industry – Yuga Labs leads this space with its Bored Ape Yacht Club (BAYC). BAYC was launched in April 2021and it has become one of most popular exclusive clubs amongst crypto enthusiasts since then .

Conclusion

Club 3 aims at replicating BAYC’s success in Hollywood by bridging gap between real world & virtual club memberships while providing unique amenities & experiences via its powerful combination of planet hollywood group & animoca brands resources . It’ll be exciting see how they manage pull off what promises be revolutionary concept all around world!

• Cerus Markets is launching its Mobile Trading App Giveaway and offering traders an opportunity to win a share of $10,000 in cash.
• The Mobile Trading App offers derivatives for speculation on major global Stocks, Commodities and Metals trading paired against currencies and crypto – with zero fees and leverage up to 100:1.
• To register for the Giveaway, visit cerus.app, sign up for the waitlist and download the trading app once it becomes available.

Cerus Markets Launches Mobile Trading App

Cerus Markets is excited to launch its mobile trading app giveaway! Announcing an upcoming release of its trading platform, Cerus Markets is offering traders an opportunity to be the first to access its mobile trading app and take a chance to win a share of $10,000 in cash.

Features Of The Mobile Trading App

The mobile trading app features derivatives that allow speculation on major global stocks, commodities and metals trading paired against currencies and cryptocurrency—all with zero fees and leverage up to 100:1.

How To Register For The Giveaway

To register for the giveaway, visit cerus.app, sign up for the waitlist and download the trading app once it becomes available. A total of three winners will be chosen at random from those who have successfully downloaded the app—$5,000 awarded to first winner; $3,000 awarded to second winner; $2000 awarded third winner.

About Cerus Markets

Cerus Markets Limited is a multi-asset broker authorized and regulated by Labuan Financial Service Authority. Cerus Markets represents a new type of global brokerage providing access to cryptocurrencies, forex, stocks and commodities all from one trading platform—all without fees. Users can access from their mobile device or web browser so they never miss a trade.

Contact Information

For more information regarding Cerus Market’s $10K Cash Giveaway or additional details about Cerus Market’s services please contact Marketing Director Veronica Imasheva via email at marketing@cerusmarkets.com or through social media platforms such as Telegram | Twitter | Instagram

• Amp token’s price has been rising steadily, with a 121% increase since last year.
• On-chain metrics show that the number of people using and holding Amp is relatively negligible.
• New York prosecutors have recently sued CoinEx, citing tokens like Amp, Luna, and RLY as securities.

Amp Price Prediction

Amp token’s price has been on the rise in recent days, increasing by more than 121% from its lowest level last year. On-chain metrics show that the number of people using and holding Amp is relatively negligible. This could explain why its price is continuing to rise even without any major news related to it.

NY Prosecutors Sue CoinEx

New York’s attorney general recently announced that they are suing CoinEx for offering securities in their platform such as tokens like Amp, Luna, and RLY. The statement also said that these tokens represent investments of money in common enterprises with profits to be derived primarily from the efforts of others.

Analysis of Daily Chart

The daily chart shows that Amp crypto price has made a strong recovery in the past few days. It has managed to move above the key resistance level at $0.0059, which was the highest point on January 17th. The coin has also jumped above the psychological level at $0.0050 while oscillators like the Relative Strength Index (RSI) and MACD have kept rising due to high volume activity happening around it. Therefore, analysts suggest that there may be more upside potential for this coin if these conditions continue to hold up in the near future with a potential next target being around $0.008 mark if we cross over this resistance point successfully again in future trading sessions..

Analysis of 4H Chart

The four-hour chart reveals that Amp prices have been trending positively since crossing several levels including resistance points at 0$0$.0053 and 0$0$.0059 respectively which were both reached previously on February 8th and January 7th respectively too . Oscillators such as RSI & MACD are still pointing upwards indicating further bullish momentum albeit slightly lower than what we previously saw on our daily chart timeline mentioned earlier before this section .

Conclusion

Overall , given all technical analysis presented here , it appears likely that amp prices will continue rising higher so long as support holds true near our previous identified areas such as 0$0$.0060 or below . However , it is important to take into account any new fundamental developments or external factors surrounding this specific crypto asset before making any definitive investing decisions .

• CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, announced on Thursday, February 16th that it had added support for Arbitrum, Optimism, and Cosmos.
• The support is designed to streamline the digital asset tax filing process and enable the use of cryptocurrency with peace of mind.
•CoinTracker seeks to help users calculate crypto taxes with its seamless crypto tax filing and portfolio tracking solution.

CoinTracker Expands Its Crypto Tax Solution

CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, announced on Thursday that it had added support for three new blockchains: Arbitrum, Optimism, and Cosmos. This expansion provides users with a seamless crypto tax filing process which enables them to utilize cryptocurrency with peace of mind.

Streamlined Digital Asset Tax Filing Process

This latest integration is designed to streamline the digital asset tax filing process across these three blockchains. It will also protect users from manually monitoring complex transactions across these blockchains. According to CoinTracker, Arbitrum and Optimism now combine to process more transaction volume than Ethereum – their combined total value locked (TVL) representing almost 80% of the entire Layer-2 ecosystem. Furthermore, Cosmos has become one of the leading chains within the blockchain ecosystem hosting some popular decentralized exchanges such as Osmosis.

Helping Users Calculate Crypto Taxes

Commenting on this new development was Vera Tzekovenia ,COO at CoinTracker who mentioned that they are dedicated towards building products so users can track all crypto activity quickly regardless of platform or token used; “We’re thrilled to widen our integration breadth even further and specifically deepen our product focus on the sovereign future — building robust chain integrations so that users can explore these crypto innovations with peace of mind” she said about helping users calculate taxes associated with their digital assets transactions.

About CoinTracker

Founded in 2018 by Chandan Lodha and Jon Lerner , CoinTracker is a comprehensive cryptocurrency portfolio management service provider offering real-time insights into user portfolios through its innovative machine learning algorithms . The platform currently supports over 2000+ cryptocurrencies including Bitcoin , Ethereum , Ripple etc . Some key features include automatic importation & categorization , performance analysis , real-time alerts & notifications etc . In 2019 alone , they raised $7 million Series A funding led by Ribbit Capital followed by an additional $3 million seed funding from Initialized Capital & other notable investors such as Y Combinator etc .

Conclusion

The recent addition of Arbitrum , Optimism & Cosmos allow Coin Tracker’s customers access more secure ways to file their digital asset taxes without having to manually monitor complex transactions across different blockchains . With this addition , Coin Tracker hopes to bring more convenience when dealing with taxation related issues while allowing maximum security when transacting cryptocurrencies .

• Check local laws and regulations: Before trading, it’s important to make sure your platform complies with local laws and regulations.
• Decide what type of trader you are: Consider what type of trader you are and assess your technical skills.
• Assess your technical skills: Choose a platform that matches your level of expertise.

Things to consider when choosing your trading platform

Check Local Laws and Regulations

As a trader, it’s important to make sure the trading platform you choose complies with local laws and regulations in your area. Some countries require traders to disclose their true identity before they can start trading or use a particular platform. Other countries have strict rules regarding the types of financial instruments that can be traded online and regulate which platforms are allowed to offer services in their jurisdiction.

Decide What Type of Trader You Are

Before comparing different trading platforms, take a moment to think about what type of trader you are and what features will best help you achieve your goals. Are you just starting out? Or are you an experienced trader looking for advanced features? Do you need a specialized platform or one that can be used on multiple platforms? Your answers to these questions determine which features and tools are most important for you.

Assess Your Technical Skills

Platforms are designed for different skill levels, so it’s important to choose one that matches your level of expertise. If you’re just starting out as a trader, it is best to choose a simple platform so that you can learn the basics without being overwhelmed by complicated tools and features. However, even if you have some experience in trading stocks or other financial instruments, some complex platforms may still offer additional benefits over simpler ones depending on how advanced their capabilities are.

Research Platforms Offering Best Value for Money

Once you’ve determined the type of account that fits your needs and assessed your technical skills, research different platforms offering best value for money based on fees, commissions and other related costs associated with using them. Different platforms may also offer different types of services such as resources for educational purposes or access to dedicated customer support teams; compare these too when researching potential options available for use.

Focus On Security Features When Choosing A Trading Platform

Finally, focus on security features when choosing a trading platform since this is one area where mistakes made cannot be easily undone due to the nature of digital assets involved in cryptocurrency markets – look at encryption protocols used by each platform as well as any additional measures taken by them such as two factor authentication (or more) processes involved when accessing accounts etc., all while making sure data is kept secure at all times with no unauthorized access granted into accounts whatsoever

• Coinbase has been fined $3.6 million by the Dutch Central Bank for not registering with the DNB and violating the domestic regulations.
• This violation occurred between November 2020 and August 2022.
• Coinbase has the option to appeal the fine until March 2nd.

Coinbase Global Inc, one of the world’s largest cryptocurrency exchanges, was recently hit with a hefty fine of $3.6 million by the Dutch Central Bank. According to the financial watchdog, the crypto exchange had been in violation of its domestic regulations for nearly two years, between November 2020 and August 2022.

The Dutch Central Bank stated that Coinbase had failed to register with the DNB (De Nederlandsche Bank) prior to launching its services in the Netherlands, thus giving the firm an unfair competitive advantage over other businesses. It was also revealed that the Financial Intelligence Unit (FIU) had potentially missed out on suspicious transactions due to Coinbase’s non-compliance with regulations.

In order to comply with its domestic regulations, businesses are required to register with the DNB before launching any crypto-related services in the Netherlands. It is believed that Coinbase did not go through such a registration process and hence was in violation of the regulations.

The crypto exchange has been given until March 2nd to appeal against the fine. This is not the first time Coinbase has been fined; last year, the regulator had also imposed a $3.35 million fine on its peer Binance. Earlier in January, Coinbase had also settled with the NYDFS (New York Department of Financial Services) for a whopping $100 million.

The fine imposed by the Dutch Central Bank on Coinbase is a reminder for all businesses to stay compliant with the regulations of their respective countries. It also highlights the importance of being transparent and following the set guidelines to avoid any legal repercussions.

• The Play to Earn model has become the starting point in NFT gaming development, but this concept is unsustainable.
• A new branch of industry is emerging that focuses on user engagement, emotion, and the best traditions of WEB 2.0 games.
• NFT gaming has evolved from funny cats into a global trend that responds to market circumstances and user requirements.

The world of Non-Fungible Token (NFT) gaming has seen a meteoric rise in recent years. NFTs are unique digital assets or collectibles that are stored on the blockchain and are a form of cryptocurrency. These digital tokens are highly sought after due to their scarcity, as each one is unique and can be traded for real-world value.

The concept of NFT gaming emerged with the introduction of the Play to Earn model. This model has become the starting point for many NFT gaming projects, allowing users to earn money by completing in-game tasks. However, this concept has proven to be unsustainable as players have found that making money during the red market is more challenging, and these games can’t offer anything interesting.

This has led to the emergence of a new branch of industry that is focused on user engagement and emotion. This type of NFT gaming emphasizes providing players with a more immersive experience and allowing them to unlock their creativity while playing the game. These types of games also draw on the best traditions of WEB 2.0 games, offering an even more engaging and entertaining experience.

As a result, NFT gaming has evolved from the early days of funny cats and memes into a global trend that responds to both market circumstances and user requirements. This has attracted a wide range of users to the NFT market and enabled the growth of the industry.

Thanks to these advances, NFT gaming is now offering users a much richer experience and the potential to make real money. Players are able to gain access to exclusive items, rare and unique digital collectibles, and even participate in tournaments for rewards. This has created an ecosystem where users can engage and interact with the game in a much more meaningful way, allowing them to become deeply involved in the game.

Furthermore, NFT gaming is also enabling developers to create more realistic and immersive worlds. With the use of 3D graphics, virtual reality, and other innovative technologies, developers are able to create an environment where players can interact with objects in a more realistic way. This is allowing developers to create games that are more engaging and entertaining, while also providing players with a more authentic experience.

Overall, NFT gaming has come a long way since its early days. It has evolved from a simple concept to a global trend that is changing the way users interact with games. With the advent of new technologies, developers are now able to create more immersive and engaging experiences for their players, while also offering users the potential to make real money. This is making NFT gaming an increasingly attractive proposition for users, and as the industry continues to grow, it is likely that NFT gaming will become even more popular in the future.

• Crypto.com announced a 20% reduction in its global workforce due to negative economic developments.
• It joins other crypto firms such as Huobi and Coinbase who have also announced layoffs this year.
• The CRO token price responded positively to the news.

Crypto.com, a leading cryptocurrency exchange, has recently announced that it is laying off a portion of its staff in order to reduce its global workforce by about 20%. The decision was made by the company’s co-founder and CEO, Kris Marszalek, and was due to a combination of negative economic developments in the crypto industry.

The news of Crypto.com’s layoffs comes just days after Coinbase announced similar layoffs. Sources estimate that Crypto.com has between 3500 to 4500 employees, meaning that the 20% reduction would affect around 700 to 900 employees. This news follows other crypto firms such as Huobi and Coinbase, who have also announced layoffs this year.

Despite the layoffs, the company’s CRO token price has responded positively to the news. Market analysts have attributed the positive response to the cost-cutting measures taken by the firm, which is seen as a necessary step in order to protect the firm’s future prospects.

Crypto.com is not the only firm to be impacted by the current uncertain economic climate in the crypto industry. Other firms such as Huobi and Coinbase have also had to make adjustments in order to ensure their long-term success. It is likely that more cryptocurrency firms will follow suit in the coming months as the industry continues to adjust to new market conditions.

The news of the layoffs has been met with a mix of emotions from the crypto community. While some view the news as a necessary step in order to ensure the long-term success of the firm, others are concerned about the impact the layoffs will have on the employees and their families.

Overall, the news of Crypto.com’s layoffs serves as a reminder of the current uncertain economic climate in the crypto industry. Despite the difficult decisions taken by the firm, the positive response of the CRO token price indicates that investors are confident in the firm’s future prospects. It remains to be seen how the market will respond in the weeks and months ahead.

• Bitcoin price has been in a consolidation phase for the past few weeks, with the US releasing its latest non-farm payrolls (NFP) data expected to be a key catalyst.
• Economists surveyed by Reuters believe the economy added more than 200k jobs, with the unemployment rate remaining at 3.7%, and wages expected to have risen by 5.0%.
• The numbers will be important because they may influence the Federal Reserve, which has a dual mandate to ensure that inflation and unemployment rates are stable.

The past few weeks have seen Bitcoin price remain in a consolidation phase, with the upcoming release of the US non-farm payrolls (NFP) data set to be a key catalyst in terms of determining its direction. The data are important because they will provide insight into the performance of the US economy, and potentially influence the Federal Reserve’s decisions when it comes to setting interest rates.

Economists surveyed by Reuters believe that the data will show that the US economy added more than 200k jobs in December, with the unemployment rate remaining at 3.7%. Additionally, the average hourly earnings are expected to have risen by 5.0% compared to the previous month, while the participation rate is expected to remain at 62.1%. These figures will come a day after the ADP reported that the economy added 235k jobs.

The Federal Reserve has a dual mandate to ensure that inflation and unemployment rates are stable, and will often hike rates if it perceives inflation to be rising. This was the case in 2022, when the bank raised rates by 450 basis points. Therefore, the NFP payrolls data will be carefully watched by investors, as a strong result could be seen as bearish for Bitcoin prices.

It is also worth noting that the US economy has been performing relatively well recently, with the stock market hitting record highs, and the US dollar index continuing to rise. This could potentially be a factor in the performance of Bitcoin, as a stronger dollar could put downward pressure on BTC prices.

Overall, the NFP payrolls data will be a key factor in determining the direction of Bitcoin prices in the coming weeks. Investors should keep an eye on the data and its impact on the performance of the US economy and the US dollar index. Additionally, it will be interesting to see how the stock market performs in response to the data, as this could also have an impact on BTC prices.