Ecolearning

• Cardano (ADA) is the native token of the Cardano blockchain, a sustainable blockchain that uses Proof-of-Stake (PoS) consensus mechanism.
• Currently, ADA’s price is $0.372960 and its 24-hour trading volume is $1,037,647,949 with a 24-hour price change of 9.0% up.
• In Cardano (ADA) price prediction 2023, analysts predict bullish ADA price of $0.4247 to $0.5697 and bearish ADA price of $0.2503.

What is Cardano (ADA)?

Cardano (ADA) is the native token of the Cardano blockchain which uses the Proof-of-Stake (PoS) consensus mechanism known as Ouroborus. This “third-generation blockchain” was initially designed as a layer-1 solution but then integrated with layer-2 update Hydra in late 2021 in order to scale permissionless nature of DeFi space and help unbanked people access banking services.

Cardano (ADA) Current Market Status

The current market status for Cardano (ADA) shows that its current price is at $0.372960 with a 24 hour trading volume at $1,037,647,949 and an increase in 24 hour prices by 9%. Its circulating supply stands at 35,045,020,830 and its all time high was on September 02 2021 when it hit $3.09 .

Cardano (ADA) Price Prediction 2023

In regards to Cardano’s(ADA’s )price prediction for 2023 , statistics , price patterns , RSI , RVOL and other information about ADA are used to analyze future movements of this cryptocurrency . An ascending triangle pattern has been laid out with the horizontal upper trendline connecting highs while lower trendline connects rising lows . If trend breakout occurs at resistance level , then ADA’s prices can go up to reach resistance levels of 0.3692 & 0.4523 while if trend reverses then it may fall to 0.3302 & 0 .3023 .

Support & Resistance Levels

A chart showing support and resistance levels for ADA can be seen below : From this daily timeframe we can identify that currently resistance levels stand at 0 . 4240 & 0 . 4523 while support levels stand at 0 . 3302 & 0 . 3023 respectively .

Bullish vs Bearish Predictions Bullish predictions for ADA for 2023 range from $ 0 . 4247 -$ 0 . 5697 whereas bearish predictions range from $ 0 . 2503 only making it clear that there is more potential upside than downside when investing in this cryptocurrency

• Bitcoin (BTC) recorded an 18% surge, taking its price above $24,000.
• The performance of the decentralized cryptocurrency has been impressive in comparison to the financial stress of the centralized banks.
• Analysts are comparing BTC’s current trend to past bull markets and anticipate a confirmation of the next bull run at $25K.

Bitcoin Surpasses $24K

Bitcoin (BTC) recorded an 18% surge on March 13th, taking its price above $24,000. This impressive performance of the decentralized cryptocurrency is being compared to past bull markets and indicating a possible confirmation of the next bull run at $25K.

Current Circulation

Currently, there are 19,317,068 BTC in circulation with 1.7 million left to be mined. The uptrend seen in Bitcoin’s prices is spiking anticipation for a bull run despite the Fed economy being in financial distress due to centralized bank runs.

Resemblance To Bitcoin Bull Market 2019?

The sudden bullish diversion in a brief time period has presented signals that mirror those seen during the 2019 bull market. Analysts have been posting comparison charts on Crypto Twitter pointing out these parabolic curves and positive crossovers on BTC/USD 1-D Price Chart (Source: TradingView). Following Signature Bank’s closure, Bitcoin shot up from $20k to $24.8K within 4 days as per CoinMarketCap data at press time trading at around $24,312 with an 8% surge in 24 hours. Ethereum (ETH) noted a 4% increase in 24 hours trading at around $1.667, according to CoinMarketCap data at press time as well.

Anticipation Of A Bull Run

Traders are looking forward to BTC confirming its resistance amid upcoming release of CPI data from the Federal Reserve Bank and hoping for it not to fall below $23K if it were to take a bearish turn based on Michaël van de Poppe’s analysis on Twitter (#Bitcoin sweeping the highs here as it’s testing range high at $25K).

Flaws In Centralized Banking System

Flaws present in centralized banking systems have had no negative impact on BTC prices due to TradeFi’s volatility making traders more confident about their investments and future prospects of Bitcoin’s success as digital currency leader worldwide

• U.S. DOJ suggests curbs on Sam Bankman-Fried’s use of digital devices as part of new bail regulations.
• SBF will be issued a new flip phone capable solely of making and receiving voice calls and SMS messaging, and laptop with restricted internet access or whitelisted sites only.
• Parents of SBF must provide information about their electronic devices to the court and the DOJ to avoid any conflicts of interest.

U.S DOJ Suggests Curbs on Sam Bankman-Fried’s Use of Digital Devices

The U.S Department of Justice (DOJ) has suggested restricting Sam Bankman-Fried’s use of digital devices as part of his new bail regulations. As per the letter handed to Judge Lewis Kaplan late on Friday, SBF will be issued a new flip phone capable solely of making and receiving voice calls and SMS messaging, as well as a laptop with restricted internet access or whitelisted sites only.

Device Security Measurements

The government and court will be given access to the phone and computer’s serial numbers, IMEI numbers, MAC addresses, and IP addresses for enhanced security measures. In addition, SBF had previously been using a VPN and encrypted messaging applications to communicate with FTX personnel which resulted in prosecutors accusing him of witness tampering.

Parents Must Provide Information

Parents of SBF must also provide information about their electronic devices to the court and the DOJ in order to avoid any conflicts between interests while preparing his argument as he had access to ten different websites including media outlets, streaming services, delivery services like Netflix, Spotify, Doordash, Uber Eats etc…

Other Restrictions

Furthermore, other restrictions previously ordered by the court are still in effect such as prohibiting any contact between SBF and FTX personnel or their close family members without the presence of a solicitor; no utilization virtual private networks (VPN) or any kind encrypted messaging service either.

Conclusion

In conclusion, these are some restrictions set by The U.S Department Of Justice (DOJ) for Sam Bankman-Fried’s use digital devices for an enhanced security measure via providing information regarding electronic devices from parents too in order prevent any conflict between interests related to his case when utilizing these devices for communication purposes amongst other things set by courts orders priorly..

• Kava (KAVA) is a cross-chain decentralized financial platform that enables users to obtain credit by locking collateral in exchange for USDX, a stable currency pegged to the US dollar.
• Current KAVA price is $0.878506 and the 24-hour trading volume is $14,572,707.
• Kava (KAVA) Price Prediction 2023 suggests that its price could reach between $1.343 to $3.749 and may even hit $5 soon.

What is Kava (KAVA)?

Kava is a cross-chain decentralized financial platform (DeFi) that enables users to obtain credit by blocking collateral in exchange for USDX, a stable currency pegged to the US dollar. The protocol built on Cosmos uses ecosystem partitions to provide interoperability and support for cryptocurrencies hosted on disparate blockchains such as Bitcoin and XRP. Kava Token (KAVA) is a native governance token and a shared asset of the Kava protocol. Token holders are responsible for regulating the protocol, voting on smart contracts and proposals for operating parameters, securing the network and acting as the lender of last resort.

Kava (KAVA) Current Market Status

Current Price: $0.878506
24 – Hour Trading Volume: $14,572,707
24 – Hour Price Change: 4.9% down
Circulating Supply: 422,098,365
All – Time High:$9.12 (On August 30, 2021)

Kava (KAVA) Price Prediction 2023

The chart laid out an ascending triangle pattern which suggests that if trend breakout at resistance level then price will continue to move up in this pattern with possible target prices of $1.054 and $1.240 respectively while if trend reverses then it may fall back till 0.$948 or 0.$898 levels respectively

Support & Resistance Levels

From daily time frame we can clearly interpret following support & resistance levels : Support 1 : 0.$948 , Support 2 : 0.$898 , Resistance 1 : 1.$054 , Resistance 2 : 1.$240 .

Conclusion

In conclusion from above analysis we can say that KVA might reach between $1-$3 range in 2023 predicting its price will also reach up-to 5$ soon .

• CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, has announced its multichain expansion to provide support for Arbitrum, Optimism, and Cosmos.
• This expanded support aims to streamline the digital asset tax filing process, and enable the use of cryptocurrency with peace of mind.
• CoinTracker is expanding its solution to provide support for users across Arbitrum, Optimism, and Cosmos to insulate users from manually monitoring complex transactions across these blockchains.

CoinTracker Announces Multichain Expansion

CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, today announced its multichain expansion to provide support for Arbitrum, Optimism, and Cosmos. Starting today, users across these chains are now equipped with CoinTracker’s seamless crypto tax filing and portfolio tracking solution.

Goal of Expansion

The expanded support aims to streamline the digital asset tax filing process, and enable the use of cryptocurrency with peace of mind. Despite the growth surges across these chains, tax filing solutions for users remain siloed to individual chains. As users move beyond individual chains and explore multichain wallets, it’s crucial they are equipped with tax filing solutions that support activity across multiple blockchains.

Growing Popularity

Since January Arbitrum, Optimism, and Cosmos have experienced substantial growth, increasing their established popularity. Arbitrum and Optimism now combine to process more transaction volume than Ethereum – with their combined total value locked (TVL) representing almost 80% of the entire Layer-2 ecosystem. Cosmos represents one of the most prominent chains within the blockchain ecosystem, and home to major DEXs including Osmosis. However, tax filing solutions had previously been siloed to individual chains blocking dedicated Web3 users from being able to fully access meaningful support.

Advanced Support

The increasing trend toward multichain wallets requires tools that simplify end-to-end cryptocurrency tax filings. To this end CoinTracker is expanding its solution to provide advanced support for users across Arbitrum ,Optimism ,and Cosmos insulating them from manually monitoring complex transactions across these blockchains .

Quote From COO

“At CoinTracker,” said Vera Tzekovenia ,COO at CoinTracker ,”we’re laser-focused on building products so users can track all crypto activity quickly with ease regardless of platform or token .We’re thrilled widen our integration breadth even further specifically deepening our product focus on sovereign future building robust chain.”

• VRRB Labs has raised $1.4 million in pre-seed funding to support its development of a decentralized protocol that promises speed, scalability, and decentralization without sacrificing security.
• The protocol leverages a unique “Proof of Claim” consensus algorithm to achieve unmatched speed and scale, both vertically and horizontally.
• The funding will enable VRRB to further scale its development and marketing teams, as well as build out an educational program for developers interested in building on VRRB’s platform.

VRRB Labs Raises Pre-Seed Funding

VRRB Labs (“VRRB”) has raised $1.4 million in pre-seed funding from investors including Jump Crypto, Taureon, and Big Brain Holdings to support the development of its decentralized protocol leveraging a proprietary “Proof of Claim” algorithm to solve the blockchain trilemma.

Protocol Leverages PoC Algorithm

The protocol leverages a unique “Proof of Claim” consensus algorithm to achieve unmatched speed and scale, both vertically and horizontally. Additionally, it implements a novel approach to smart contract DevOps and execution by isolating each smart contract in its own containerized runtime with its own micro virtual machine built to the specification of the program in focus. This provides developers with ultimate flexibility enabling them to build composable smart contracts on a language agnostic platform.

Funding Used To Scale Teams & Build Educational Program

The seed funding will enable the company to further scale its development and marketing teams as well as build out an educational program for developers interested in building on VRRB’s platform.

Aim To Solve Blockchain Trilemma

Despite advancements in blockchain technology, even the most sophisticated networks still fall victim to the blockchain trilemma unable to achieve scalability, security, and decentralization simultaneously. Developers also face friction when looking to build Web3 applications due to lack of resources available for full-time web3 developers (Electric Capital 2022 Web3 Developer report). VRRB’s technology aims at solving these two concerns by providing an innovative blockchain experience that makes it easy and financially sustainable for developers to build user-friendly applications.

Mass Adoption Requires More Developers

According Andrew Smith, Founder of VRRB – “The crypto industry keeps asking where the next billion users will come from, but they’re putting the cart before the horse: Before mass adoption we need more developers who can help design & deliver next generation apps”

• Crypto mixing is an effective way to protect your privacy when using cryptocurrencies.
• It is important to research each crypto-mixing option before selecting one to ensure it meets your specific needs.
• Popular crypto-mixing solutions include Wasabi Wallet, Samourai Wallet, and CoinJoin.

Cryptocurrencies provide many advantages such as a fast, secure, and efficient means of payment. However, one of the major drawbacks of using digital currencies is that it can be difficult to maintain privacy when conducting transactions. This is where crypto mixers come in, as they allow users to obfuscate their transactions and protect their privacy.

A crypto mixer is a service that allows users to mix their coins with those of other users, making it difficult for anyone to trace the original source of the coins. This process is done by breaking up the coins into smaller amounts and then recombining them with coins from other sources. This effectively scrambles the coins, making it almost impossible to trace them back to the original source.

When it comes to selecting a crypto mixer, there are several factors to consider. Firstly, it is important to make sure the mixer supports the cryptocurrency you are planning to use. You should also check that the mixer is reputable and secure, as there have been cases of scammers attempting to steal users’ coins. Additionally, it is important to look for mixers that offer a low fee and have a good track record of providing reliable services.

Three of the most popular crypto-mixing solutions are Wasabi Wallet, Samourai Wallet, and CoinJoin. Wasabi Wallet is an open-source Bitcoin wallet that enables users to mix up to 100 BTC in a single transaction. It is based on the ZeroLink project and provides complete privacy for users when conducting transactions. Samourai Wallet is another privacy-focused Bitcoin wallet, offering a range of features such as coin control, stealth addresses, and Ricochet. Finally, CoinJoin is a decentralized mixing protocol that allows users to mix their coins without relying on a third-party service.

Crypto mixing is an important tool for protecting the privacy of cryptocurrency users. However, it is important to choose the right solution to ensure maximum security. By carefully researching each option and selecting a reputable, secure, and low-fee mixer, users can enjoy complete privacy when conducting cryptocurrency transactions.

• Tesla Inc has slashed the prices of its vehicles in the United States and key markets in Europe.
• Prices range from 1% to 17% depending on the specification of the car.
• The motive for this price cut is to attract new buyers and compete with other electric vehicle makers.

Tesla Inc, the American multinational electric vehicle maker, has recently announced a price slash for its vehicles in the United States and key markets in Europe, including the United Kingdom, Austria, France, Germany, the Netherlands, Norway, and Switzerland. According to CNBC, the price slash varies from 1% to 17% depending on the specification of the car, with reference to the Model 3 and Y vehicles in Germany. This move is a part of Tesla’s strategy to draw in new customers and maintain its dominance in the electric vehicle market, with competition from other electric vehicle makers increasing.

The Model 3 is one of the most sought-after vehicles in Germany and this price slash may give Tesla an advantage over its competitors, such as the Volkswagen ID.4. Tesla has cut its prices three times in the past few months, with the motive being to attract more buyers. It has become a trend for the company, and it is expected that the price cuts will help Tesla remain competitive in the electric vehicle market.

In addition to the price cuts, Tesla has also been introducing new features to its vehicles, such as the “Full Self-Driving” feature for its cars. This feature is expected to further increase Tesla’s customer base in the near future. With the increased competition from other electric vehicle makers, Tesla’s prices and features will be a major factor in determining its customer base.

Tesla’s price cuts and new features are expected to have a positive effect on the company’s sales and market share. It remains to be seen how the electric vehicle market will develop in the coming months, but one thing is certain: Tesla is here to stay and its competitive prices and features will help it remain competitive in the market.

• The US Department of Justice (DoJ) announced the arrest of Aurelien Michel, the 24-year-old developer of the Ethereum NFT collection Mutant Ape Planet.
• The DoJ has levied criminal charges of fraud and defrauding investors via a $2.9 million rug pull.
• The federal authorities alleged that Michel and others had made fake promises about acquiring the “metaverse land” for the NFT project.

The US Department of Justice (DoJ) recently announced the arrest of Aurelien Michel, the 24-year-old developer of the Mutant Ape Planet NFTs collection. Michel was taken into custody at JFK airport in New York City on Thursday, January 5th, on charges of wire fraud. The DoJ alleged that Michel had defrauded investors of $2.9 million in a “rug pull” by making false promises to purchasers of the NFTs.

The federal authorities claim that Michel and other developers of Mutant Ape Planet had marketed the NFTs to prospective buyers, promising them rewards, raffles, exclusive access to other cryptocurrency assets, and the support of a community wallet with funds to be used to market the NFTs. The DoJ also noted that the developers had made false claims about acquiring the “metaverse land” for the NFT project.

This is the third time in recent months that the US government has taken action against alleged NFT scams. In August 2020, the Securities and Exchange Commission (SEC) charged two individuals over an alleged $15 million NFT scam. In November, the SEC also charged two individuals for a $1.7 million NFT fraud.

The arrest of Michel serves as a reminder of the importance of exercising caution when investing in any cryptocurrency, including NFTs. Investing in any asset carries a certain degree of risk, and investors should always make sure to do their due diligence before investing. Additionally, investors should be aware of the potential for scams, and should never provide personal information or funds to any unverified parties.

• Dogecoin (DOGE) experienced a significant drop in value after Elon Musk stepped down as the Twitter CEO following a user poll on the social media platform.
• Litecoin (LTC) was upgraded with Mimblewimble Extension Blocks (MWEB) in May 2022, increasing the currency’s potential for private transactions.
• Snowfall Protocol (SNW) has been performing well in its presale stage 3.

Dogecoin (DOGE) experienced a major dip in value after Elon Musk stepped down as the CEO of Twitter following a user poll on the social media platform. The poll, which was conducted on Monday, received over 17.5 million responses in the span of two days, with 57.7% of voters wishing for the billionaire to leave his position as CEO of the company. Following his announcement, the value of Dogecoin (DOGE) has been steadily declining.

In contrast, Litecoin (LTC) has had a successful year with its Mimblewimble Extension Blocks (MWEB) upgrade, which was completed in May 2022. This upgrade increased the currency’s possibilities of becoming the preferred payment method for private transactions. This was Litecoin’s (LTC) biggest upgrade this year, and it has proven to be quite successful in the past months.

Another new cryptocurrency, Snowfall Protocol (SNW), has also been performing well in its presale stage 3. The privacy-based cryptocurrency has been gaining traction and is becoming increasingly popular amongst investors.

Overall, while Dogecoin (DOGE) has experienced a drop in its value after Elon Musk’s departure from Twitter, other cryptocurrencies have had a successful year. Litecoin (LTC) has seen successful upgrades, and Snowfall Protocol (SNW) is gaining traction in its presale stage 3. It remains to be seen what the future holds for these coins in the coming months.