Now, we’re proud to announce the release of the Carbon Market Beta. There are a number of features you’ll see in this version, including:

In our previous iteration, we struck at the core of what it means to tokenise carbon offsets using our dynamic NFT technology. Now, the focus has switched to supporting user experience, making it simple for anyone to gain an understanding of any project before offsetting carbon.

One of our main areas of focus was around how a project is displayed. We asked ourselves: how can we deliver as much relevant information then allow users to explore after the fact?

Previously, all the information was on a single screen. Although this served its purpose, we found it was hard for users to understand — and comprehend — all of the facets of a given project.

A core feature of the marketplace is a filtering capability. This means that the user can drill down and search for the exact projects that they need.

Moving forwards, this feature will continue to grow — it will be possible to filter by many other fields such as location and durability of carbon. So, individuals and companies that wish to offset will be able to connect to reputable projects based on their location.

This is going to be a key feature of DOVU moving forward. We’ll also be integrating our Carbon Calculator and Carbon Market Cap tools — and will integrate project filtering with the (Hedera) Guardian whilst utilising discoverability benefits. In the future, we’ll be able to filter any tokenised carbon credit on the entire Hedera Hashgraph network.

As a result, anybody that supplies carbon through DOVU will not only get access to our marketplace (and other income opportunities such as data), but they will also get access to all other places that that token resides. This will enable the DOVU project to massively amplify its impact.

Personal security is extremely important for ensuring that tokenised carbon tonnes can’t be sent to unauthorised Hedera accounts.

Two-factor authentication is a great way for all users to add an additional layer of security and make sure that, if their password is compromised, bad actors can’t access their account.

In the upcoming months, we’ll add more self-custody features for owners of each carbon offset.

There are two items remaining for this quarter; carbon onboarding and staking.

The team is working hard behind the scenes to provide tooling for carbon onboarding processes. Although this isn’t going to be public-facing, one of the benefits is the ability to gauge how much carbon is in a pipeline, and what stage it’s at before coming on to the marketplace. This gives us a more realistic overview of our carbon roadmap.

We’re excited to announce the first phase of staking.

On 14 March we’ll open the doors to the first phase of whitelisted users to test the staking platform. We can’t wait for people to stake with us and we encourage feedback from the community to make our products stronger.

Follow our socials to keep up-to-date with the latest from DOVU.

The Index tracking general sentiment on the leading digital asset has been reaching new lows after BTC lost a significant proportion of its value. Historically, “Extreme Fear” has indicated oversold territories, which also signals a potential buying opportunity ahead.

“Extreme Fear” on the sentiment indicator has only visited those levels in 4 instances in the last market cycle. Those fear levels are comparable to 4 oversold price levels: 3000, $4000, $10000, $30000. After those 3 scenarios, BTC rallied 340%, 17%, 1585%, 141% respectively. As those “extreme fear” levels are met again, traders are momentum to change in the next few weeks.

In terms of Net Positions of CME Bitcoin Futures by trader category, hedge fund activity seems to differ from the rest. Hedge-fund activity shows that they are still mainly net-short. Hedge funds tend to act as the smart money markets, being short at the tops and short and less short at market bottoms.

Open Interest is one of the main charts seen by traders at this moment. Open Interest is defined as the amount of open long and short positions placed on BTC derivative instruments.

In terms of open interests for BTC derivatives, there has been a clear divergence. Whilst crypto prices have plunged, open interest has increased substantially. On-chain data suggests the market could experience a short squeeze, as open interests keep trending higher even when the majority of speculators are betting against Bitcoin.

Futures Perpetual Open Interest has increased over 40% in the last few days, reaching a new all-time high of 264,000 BTC. The new high exceeded the previous one at 258K BTC on November 26

Open Interests are useful indicators to assess the strength behind price momentum and the sentiment of the market. It pinpoints the capital flowing into and out of the market. If open interests increase substantially (which is what we are witnessing at this moment) it is indicative that capital is flowing into Bitcoin. At the same time, an increasing trend in Open Interest could support the current ongoing bearish trend.

Glassnode’s Longs Liquidations Dominance metric shows that the most amount of liquidations occurred on long positions. The number of long positions liquidated on BTCUSD is caused by the bearish trend since the end of 2021.

Liquidations, which happen when a trader has no funds left to support a margin call, have been increasing substantially lately, with millions in losses. The Bitcoin long liquidation dominance has reached the 69% mark, which is the highest level since May 2021. After this inflexion point, BTCUSD surged over 100% from May 2021 to October 2021.

Entity-adjusted Dormancy Flow is one of the on-chain metrics used to predict market lows. Dormancy Flow is seen as the average number of days each coin transacted remained unmoved. The flow of inactivity metric results by dividing bitcoin’s market capitalization by annualised inactivity.

The last time the ratio was on this level was back in March 2020 and July 2021, both were significant bottoms in the past. If this level is respected, traders could expect a significant bounce.

Celer Network is a coherent layer2 scalability platform with multi-chain and cross-layer support. By combining State Channel and Layer-2 Rollup together, Celer serves as a platform to cater to a diverse set of applications such as micropayment, DeFi and gaming in a complex scalability tradeoff space: be the focus real-time low latency, high throughput or low-cost.

Join us on Patreon: https://patreon.com/chainstats

cBridge 2.0 introduces the best-in-class cross-chain token bridging experience with deep liquidity for users, highly efficient and easy-to-use liquidity management for both cBridge node operators and Liquidity Providers who do not want to operate cBridge nodes, and new exciting developer-oriented features such as general message bridging for cases like cross-chain DEX and NFTs. All of the above is made possible by extending the existing functionality and services provided by the Celer State Guardian Network (SGN) powered by validators and stakers in the system with value capture.

Each user, who has performed at least one transfer, using their platform between 2021.12.23 (2:00AM UTC) and 2022.01.14 (2:00AM UTC). Find out more information about this airdrop here: https://cbridge-docs.celer.network/rewards/fee-rebate

That’s it! Now your tokens are available in your Metamask wallet!

Contract address: 0x4f9254c83eb525f9fcf346490bbb3ed28a81c667

Total supply: 10,000,000,000 CELR

Coinmarketcap: https://coinmarketcap.com/currencies/celer-network/

Coingecko: https://www.coingecko.com/en/coins/celer-network

The information in “What is Celer Network?” and “What is cBridge 2.0?” paragraphs was taken from these websites:

https://www.celer.network/#

https://cbridge-docs.celer.network/

medium.com

chainstats.medium.com

chainstats.medium.com

If you find this information helpful, make sure to follow us and click on the “Subscribe” button, in order to receive email every time ChainStats publishes!

Twitter: https://twitter.com/ChainStatss

Discord: https://discord.gg/BmxfSvKubV

Mar 22 BTCST-TRX LP pool went live on TRON Century Mining

May 26 SUN redenomination & SUN.io major upgrade plan implementation

Jun 4 Justin SUN offers long-term mining rewards that are worth 5 billion $SUN tokens.

Jul 12 SUN.io website upgraded, added total SUN.ioTVL at the home page

Jul 14 SUN.io Governance Mining (Phase I) was live, including 3pool LP, SUN-TRX LP(II Pool), SUN stake, and SUN stake & lock

Jul 30 SUN was already supported on more than 30 exchanges

Aug 3 USDC is now live on SUN.io, launched a new stablecoin pool: USDC pool, and launched USDC LP on Governance Mining

Sep 15 SUN.io Governance Mining Phase II was live

Otc 20 SUN.io has officially acquired JustSwap and upgraded to TRON’s largest DEX SunSwap

Nov 6 SunSwap V1.5 was launched

Dec 15 SunSwap V2.0 was launched

Mar 11 TRON Century Mining TVL exceeding $1.2 Billion in 15 minutes

Apr 3 TRON CenturyMining Total TVL Exceeding $4.7 Billion

Jul 14 SUN.io 3pool TVL exceeding $600 million

Sep 18 SUN.ioTVL surpassed $1.37 billion

Nov 12 SUN.io TVL surpassed $3.12 billion

Dec 16 SUN.io ranked as top 1 Project with the highest TVL in TRON Ecosystem

Aside from placing earnings from cryptocurrencies and Non-fungible tokens (NFTs) in India’s highest tax band, Sitharaman also mentioned that losses from their sale could not be offset against other income, delivering another disincentive to trading and investment in digital assets.

Industry estimates elaborate that there are 15–20 million crypto investors in India, with total crypto holdings of around $5.37 billion.

Proponents of digital currencies have been hoping that the establishment of a formal tax framework could at least spare the crypto industry from some of the more draconian measures that the government had been considering.

“30% tax on income from virtual digital assets, while high, is a positive step as it legitimises crypto and hints at an optimistic sentiment towards further acceptance of crypto and NFTs,” declared Avinash Shekhar, chief executive of ZebPay, a cryptocurrency exchange. Tax consultants reckoned individuals could end up paying more than 30% of their crypto profits in tax and other charges. “If you made a profit of 100 rupees then including the 30% tax bracket, plus surcharge and cess the total tax outgo will be around 42 rupees,” Amit Maheshwari, partner at AKM Global, a tax and consulting firm told Reuters.

Crypto exchanges also hoped that the new tax regime would signal acceptance of digital currencies by the authorities, and reassure corporates that they can enter the market.

“We also hope this development removes any ambiguity for banks and they can provide financial services to the crypto industry,” mentioned Nischal Shetty, CEO, WazirX, another virtual currency exchange.

India’s central bank has voiced “serious concerns” around private cryptocurrencies on the grounds that these could cause financial instability. As a result, several banks severed ties with crypto firms.

The finance minister also explained that the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology.

“The introduction of a central bank digital currency will give a big boost to the digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” Sitharaman explained.

To know more about Crypto News, check out Lexyom’s Legal News publications.

Legally Yours,