Kategorie: Allgemein

Summary

• Mogo Inc., a leading Canadian financial technology company, has announced that Coinsquare Ltd., WonderFi Technologies Inc. and CoinSmart Financial Inc. have entered into a business combination agreement.
• The combined company will be the leading and only fully regulated crypto asset trading platform in Canada, with a user base of over 1.65 million Canadians.
• Mogo is Coinsquare’s largest shareholder and is expected to be the largest shareholder of the Combined Company on closing, owning approximately 14% of it.

Background Information

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) („Mogo“ or the „Company“), one of Canada’s leading financial technology companies, today announced that Coinsquare Ltd. („Coinsquare“), in which Mogo has a 34% ownership stake, WonderFi Technologies Inc. (TSX: WNDR; OTCQB: WONDF; WKN: A3C166) („WonderFi“) and CoinSmart Financial Inc. (NEO:SMRT) (FSE:IR) („CoinSmart“) have entered into a business combination agreement (the „Business Combination Agreement“) to combine their respective businesses (the „Transaction“).

Combined Company

The Combined Company will offer one of the largest registered crypto asset trading companies in the world, providing Canadians a wide range of diversified products and services including both retail and institutional crypto trading, staking products, B2B crypto payment processing and digital asset custody, and soon including sports betting and gaming. The Combined Company will have transacted over $17 billion since 2017 and have over $600 million in assets under custody, with a registered user base in excess of 1.65 million Canadians. The companies generated a total of approximately $37 million in revenue for fiscal year 2022 and are expected to have cash an

Shareholder InformationConclusion

• The three most trending cryptocurrencies according to CoinMarketCap are Arbitrum (ARB), PancakeSwap (CAKE), and Ethereum (ETH).
• ARB was subject to a massive sell-off after the airdrop, causing its price to crash.
• Ethereum investors have profited due to increased prices since the start of 2021, with the number of profitable Ethereum addresses reaching approximately 64 million.

Top 3 Trending Cryptocurrencies

CoinMarketCap has identified Arbitrum (ARB), PancakeSwap (CAKE), and Ethereum (ETH) as the top three most trending cryptocurrencies right now.

Arbitrum (ARB)

The recent airdrop of ARB’s native governance token has drawn much attention, however it was followed by a massive sell-off which caused its price to crash severely. Additionally, it has been revealed that hackers used vanity addresses to steal $500,000 worth of tokens from the layer-2 scaling solution during its March 23 airdrop. According to CMC, the current Arbitrum price is $1.27 USD with a 24-hour trading volume of $1,645,717,128 USD and is down 3.99% in the last 24 hours and 89% in the last 7 days.

PancakeSwap (CAKE)

PancakeSwap is a decentralized cryptocurrency exchange running on BNB Chain since 2022 and recently proposed creating Syrup Pool in collaboration with Ternoa – a layer 1 blockchain infrastructure built with NFT adoption in mind – allowing users to stake CAKE tokens for CAPS tokens on PancakeSwap. According CMC data, PancakeSwap’s current price is $3.71 USD with 24-hour trading volume of $45,299,776 USD and is up 0.81% in 24 hours.

Ethereum (ETH)

Glassnode reports that since January 2021 there has been an increase in Ethereum prices resulting in an increased number of profitable ETH addresses reaching approximately 64 million – not seen since over one year ago when ETH dropped below $1,200.

Conclusion

The cryptocurrency market appears to be recovering from its February slump as Bitcoin and Ethereum lead this positive trend despite US government regulations tightening around digital currencies activities

• Ethereum whales are accumulating Shiba Inu (SHIB), with 496 billion SHIB currently held.
• The top 100 ETH whales are holding more ETH, USDC, and USDT than SHIB.
• The most recent transaction in SHIB was for 808,270,322 SHIB by BlueWhale0298.

Shiba Inu’s Dominance on the Leaderboard

Shiba Inu holds the first position on the leaderboard with 496 billion SHIB. Among the top 10 holdings, three stablecoins can be witnessed – ETH ($51 million average amount), USDC ($7 million) and USDT ($7 million).

Recent Transactions in Shiba Inu

The most recent transaction in SHIB was by BlueWhale0298 with 808,270,322 SHIB. On 17th March 2021, there were 1227 transactions worth $561m invested into Shiba Inu. This makes it the „most traded token“ as well as the „biggest token position by dollar value“.

Ethereum Whale Activity

The number of whale buyers is 24 while sellers are 27. The margin between sell and buy volume is very minimal at $52 million. Additionally, Ethereum whales bulked in and out of Pax Dollar worth $25 million in the last 24 hrs.

Other Cryptos Involved

Apart from Etherum-related cryptos such as USDC and USDT mentioned above, other cryptos like Conflux (CFX), BUSD stablecoin and TUSD also seem to be involved in some way or another.

Conclusion

It appears that Ethereum whales are actively accumulating Shiba Inu tokens due to its dominance on the leaderboard coupled with a high transaction rate compared to other cryptos involved.

• CryptoGPT has launched its native crypto token GPT
• The Ethereum-based zero-knowledge layer-2 blockchain is seeking to capitalize on the popularity of ChatGPT and AI
• Several major cryptocurrency exchanges like Bitfinex, PancakeSwap, Uniswap, Bybit, Bitget have listed the new crypto token

CryptoGPT Launches Its Native Token GPT

CryptoGPT has launched its native crypto token GPT. By debuting its own currency, CryptoGPT is seekings to capitalize on the popularity of ChatGPT and artificial intelligence (AI). Major cryptocurrency exchanges such as Bitfinex, PancakeSwap, Uniswap, Bybit, Bitget listed the new crypto token at 11:00 AM UTC. CoinMarketCap reported that GTP traded at $0.04943 with a trading volume of $22 million and an increase in price by more than 34%.

What Is CryptoGPT?

CryptoGPT describes itself as a cryptographic ecosystem fueled by data collection for the advancement of AI and decentralization of the AI and data market. It is a zero-knowledge layer-2 blockchain which seeks to offer users the chance to earn cryptocurrencies by sharing their anonymous data utilizing zero-knowledge crypto technology. The project’s “AI2Learn” allows users to monetize their data across fitness, dating, gaming and education.

Reaction On Twitter

The launch of GTP was met with enthusiasm on „Crypto Twitter“ which was flooded with ChatGPT tweets and hashtags. Furthermore several accounts similar in appearance have surfaced promoting giveaways which are likely false.

Risks Associated With Crypto Trading

Trading cryptocurrencies carries risks associated with volatility in prices due to speculation & market sentiment or even manipulation of prices via questionable activities within certain communities or groups. Furthermore investors should be aware that losses can exceed deposits so it is important for investors to do their own research & exercise caution when investing in any asset class especially one as unpredictable as digital currencies & tokens .

Conclusion

Despite various risks associated with trading digital assets , if done correctly can be highly rewarding . As such it is important for investors to keep track of developments within this rapidly evolving industry & stay informed about news & announcements related to particular digital assets they are interested in investing in order ensure they make informed decisions when making investments .

• MobileCoin is leading a fundraising effort for Ukraine humanitarian aid following ETHDenver’s Privacy Highlight.
• The event will feature many subject matter experts and a surprise musical performance.
• MobileCoin will match donations collected during the event via its payments app Moby.

MobileCoin to Match Crypto Donations at Ukraine Fundraiser

Business Wire announced that MobileCoin, a digital payments ecosystem, will lead a fundraising effort for Ukraine humanitarian aid following ETHDenver’s Privacy Highlight. A four-hour session featuring MobileCoin CTO Sara Drakeley and a surprise musical performance will be held on Saturday, March 4th at 4:00 p.m MST on ETHDenver’s Main Stage to raise money for the cause. Those who donate via the Moby App during this time period will have their donation matched by MobileCoin.

About MobileCoin

Founded in 2017, MobileCoin is a layer 1 blockchain that is focused on fast, secure, frictionless payments compatible with mobile devices. The Moby App is now live globally and went live on mainnet in 2020. For more information about the company please visit their website at get.moby.app.

ETHDenver’s Privacy Highlight

ETHDenver is a community-run conference which brings together decentralized Web3 industry professionals from around the world every year to discuss current topics in technology and cryptocurrency trends among other things. This year’s Privacy Highlight is sure to be an informative and entertaining event as well as provide support for those affected by the ongoing crisis in Ukraine.

How To Donate

Those interested in donating can do so via the Moby App during ETHDenver’s Privacy Highlight on Saturday, March 4th at 4:00 p.m MST on ETHDenver’s Main Stage or any other time before or after this window of opportunity opens up again later this month until Sunday May 2nd 2021 inclusive (UTC). All donations made during this period will be matched by Mobilecoin up to $500 USD worth of cryptocurrency per person/entity/organization/company etc.. Any amount above $500 USD worth of crypto currency donated by each entity/person/organization/company etc.. will not be matched but still accepted as generous donations towards this relief effort!

Media Contact

For all media inquiries please contact [email protected]

• Cardano (ADA) is a native token of the Cardano blockchain, using the Proof-of-Stake (PoS) consensus mechanism Ouroborus.
• The current market status of ADA is $0.390503 and 24-hour trading volume is $357,206,441.
• According to the predictions, ADA price prediction for 2023 ranges from $0.2521 to $0.5689 with a very high possibility of reaching $2 soon.

What is Cardano (ADA)?

Cardano (ADA) is the native token of the Cardano blockchain. This sustainable blockchain uses the Proof-of-Stake (PoS) consensus mechanism, Ouroborus. This „third-generation blockchain“ initially existed as a layer-1 solution and was eventually updated with Hydra in late 2021 in order to scale its permissionless nature and aid in banking the unbanked.

Cardano (ADA) Current Market Status

The current price of ADA stands at $0.390503 with a 24 hour trading volume of $357,206,441 and 1.7% up since last 24 hours according to CoinGecko data. The all time high for ADA was recorded on September 02, 2021 which was at $3.09 USDT per CoinGecko data as well..

Cardano (ADA) Price Prediction 2023

According to statistics and pattern analysis there are both bullish and bearish predictions for ADA for 2023 ranging from 0$2521 – 0$5689 with high chances that it may reach 2USD by then due to its strong performance on market trends recently..

Cardano Support and Resistance Levels

From daily time frames we can interpret following support and resistance levels for ADA: Resistance Level 1: 0$4253; Resistance Level 2: 0$5689; Support Level 1: 0$3305; Support Level 2: 0$2521

Conclusion

In conclusion we can say that Cardano has shown positive performance on recent market trends which leads us to believe that it might reach 2USD by 2023 if its trend continues as predicted however one should always be cautious while investing in cryptocurrency markets due to their volatile nature

• Fantom whale addresses have been identified to be selling off their holdings, causing alarm for investors.
• Santiment reported that whale and shark addresses containing 10K-100M FTM had dropped $259.7M in the past 4 weeks.
• Analysts suggest that whales are taking profits from the recent price rally, leading to a bearish sentiment in the market if enough investors follow suit and sell off their holdings.

Fantom Whale Addresses Selling Off

The sudden surge of FTM prices has caused alarm among investors as large Fantom whale addresses have been identified to be selling off their holdings. Whales are often influential players in the cryptocurrency market and their actions can often have an effect on prices.

FTM Price Rally

Fantom, the Layer-1 blockchain network gained immense popularity as a viable alternative to Ethereum and has made a remarkable comeback since the start of 2023 with a surge of more than 200%. Currently, FTM is trading at around $0.52 – 15% up from its starting price – with another notable breakout taking place on 14th Feb.

Sentiment’s Report

Crypto analytics firm Santiment recently released a report which highlighted patterns showing that addresses holding 10K to 100M $FTM had dropped – an astonishing $259.7M worth of coins in the past 4 weeks – largely acquired by smaller addresses containing 0.01 to 1 $FTM each.

Whale Profits

Analysts noted that these whale addresses have been selling off their tokens at a rapid rate, indicating they are taking profits from the recent price rally – leading to a bearish sentiment in the market if enough investors follow suit and sell off their holdings.

Investor Caution

It is important for traders to remain vigilant and aware of any potential risks associated with this activity – such as whales dumping their token holdings which could lead to a pullback in prices if enough investors follow suit and sell off theirs too.

• Mawson Infrastructure Group Inc. (MIGI) announced the results of its stockholder vote in respect of its reverse stock split.
• Stockholders voted in favor of the 1 for 6 reverse stock split, and a related resolution to reduce Mawson’s authorized common stock from 120,000,000 shares to 90,000,000 shares.
• It is expected that Mawson shares will trade on a post-reverse stock split adjusted basis on and from February 9, 2023.

Mawson Infrastructure Group Inc. Announces Results of Reverse Stock Split Vote

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) („Mawson“ or the „Company“), a digital infrastructure provider, announced today the results of its stockholder vote in respect of its reverse stock split. Stockholders voted in favor of the 1 for 6 reverse stock split, and a related resolution to reduce Mawson’s authorized Common Stock from 120,000,000 shares to 90,000,000 shares. Of the stockholders who voted, more than 99% of the shares voted were voted in favor of the resolutions with over 68% of shares participating in the vote.

Expected Date Share Trading will Begin

It is expected that Mawson shares will trade on a post-reverse stock split adjusted basis on and from February 9th 2023.

Commentary From CEO James Manning

James Manning commented,“Stockholder support for the proposal was strong especially considering the time of year that we undertook this split.“ He further stated his appreciation to those who took their time to vote and added that with this result they can look forward into 2023 confidently with their new authorized capital structure and expectation that it won’t have any meaningful impact on their liquidity.

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider with multiple operations throughout both USA and Australia. Their vertically integrated model focuses on promoting global transition to digital economy by matching sustainable energy infrastructure with next-generation Mobile Data Center solutions which enable low cost Bitcoin production and deployment of other infrastructural assets as well as share holder returns .

Nasdaq Listing Rules Threshold Minimum Bid Price Requirement

It is anticipated that after reverse stock split the Mawson stocks price will meet Nasdaq listing rules threshold minimum bid price requirement which essentially requires listed company’s stocks prices remain above $1 .

• The Philippines Securities and Exchange Commission (SEC) has proposed new regulations to increase its control over the country’s crypto space.
• The regulations broaden the definition of security to include tokenized securities products and other financial instruments based on blockchain or distributed ledger technology (DLT).
• The SEC is given the authority to establish its own regulations, enforce securities rules, prevent service providers from levying excessive interest, fees, or other charges, and disqualify/suspend directors, executives, or employees who are found to be in breach of the law.

The Philippines Securities and Exchange Commission (SEC) has proposed new regulations that would expand its purview to include virtual currencies and increase its control over the country’s crypto space. According to local media source Manila Bulletin, the SEC has proposed the regulations concerning financial goods and services, including cryptocurrency and digital financial products, for public comment.

The regulations proposed by the SEC are aimed to give the regulator extensive power for better control. SEC Chairman Jay Clayton said in a statement that the agency’s „rule-making, surveillance, inspection, market monitoring, and more enforcement powers“ would be enhanced by the legislation. The regulations also broaden what constitutes security to include tokenized securities products and other financial instruments based on blockchain or distributed ledger technology (DLT). Moreover, the SEC’s purview will expand to include other types of financial goods and services, including digital financial products and services, and the companies that deliver them.

In order to ensure the effective implementation of the new regulations, the SEC has been given the authority to establish its own regulations, enforce securities rules, prevent service providers from levying excessive interest, fees, or other charges, and disqualify/suspend directors, executives, or employees who are found to be in breach of the law. The SEC also has the right to initiate investigations, order corrective measures, and impose penalties on violators.

The proposed regulations have been put forward for public comment, and the SEC is expected to incorporate the feedback before finalizing the regulations. The SEC hopes that the new regulations will help create a more secure and transparent crypto sector in the country.

• Alphabet Inc is reportedly planning to layoff 12,000 employees from its global operations
• The layoffs will affect teams from corporate services, recruitment, and engineering
• CEO Sundar Pichai said the company went on a hiring spree in preparation „for a different economic reality than the one we face today“

American multinational technology company Alphabet Inc (NASDAQ: GOOGL) is reportedly planning to layoff 12,000 workers from its global operations, according to a memo reviewed by Reuters. The layoffs will affect every aspect of its business operation, including teams from corporate services, recruitment, and engineering.

Chief Executive Officer Sundar Pichai took full responsibility for the decisions that lead the company to its current state. He stated that the company had gone on a hiring spree in preparation „for a different economic reality than the one we face today.“ The global economy has been tested remarkably throughout 2022 with the lingering effect of the coronavirus pandemic and the outbreak of a war between the duo of Russia and Ukraine.

The war has lasted for more than 10 months and has had a significant impact on the global economy. Companies such as Alphabet Inc have had to face the harsh reality of having to layoff a portion of its workforce in order to remain competitive and sustainable. Alphabet Inc’s 12,000 layoff will represent some 6% of the company’s workforce and the impact of the layoffs will be immediately felt in the United States.

The company has yet to officially comment on the memo and news of the layoffs. However, it is clear that Alphabet Inc is taking the necessary steps to remain competitive in the current economic climate. The layoffs are a hard pill to swallow, but it is necessary for the company to remain sustainable and prepare for a more prosperous economic future.