Monat: März 2023

• Fluidity Money is partnering with Request Finance to offer rewards for using its stablecoins.
• Rewards can range from a few cents to hundreds of dollars and are split between the sender and the receiver.
• Fluidity Money plans to expand its rewards offering by enabling users to earn non-fungible tokens (NFTs) as rewards.

Fluidity Money Partners With Request Finance

Fluidity Money, a „spend-to-earn“ DeFi protocol, has announced a partnership with enterprise crypto payments app Request Finance. This will give users the chance to receive significant rewards when they use Fluid stablecoins to make payments through the app.

How Does It Work?

Users mint new Fluid Assets within the Fluidity Webapp on a one-to-one basis (e.g 1 fUSDC for 1 USDC). When these tokens are used for payments, 80% of any yield generated by depositing USDC or USDT into third-party DeFi protocols such as Compound is used to fund cashback rewards. These rewards have a 40%-70% chance of being higher than the amount sent, and are split 80%-20% between senders and receivers.

What Kind of Rewards Can be Earned?

The rewards earned from using Fluid stablecoins range from a few cents up to hundreds of dollars. Additionally, Fluidity Money plansto expand its reward offering by allowing users to earn non-fungible tokens (NFTs) as well – which could represent anything from tickets to physical events, merchant credits like air miles or digital collectibles.

Request Finance Overview

Request Finance serves thousands of businesses with features such as invoice payment requests, payroll expenses and more – making it one of the most widely used crypto payment apps out there today. By partnering with them, Fluidity Money brings its cashback reward scheme directly into those businesses‘ payment systems..

Conclusion

This partnership between Fluidity Money and Request Finance is set to bring massive benefits for both businesses and individuals who use their services – giving them access to potentially huge rewards each time they make payments using Fluid stablecoins instead of regular cryptocurrencies.

• Bitcoin (BTC/USD) has recently traded as high as the 26553.90 level and is currently orbiting the 25000 figure.
• Upside price objectives related to buying pressure around the 15460 and 16326.16 areas include the 26931, 27609, 28004, 29244, and 29639 levels.
• Retracement levels and areas of potential technical support include the 25451, 24905, 24769, 24218, 23885, 23667, 23061, 22985, 22882, 22236, and 21882 levels.

Elevated Volatility Returns for BTC/USD

Bitcoin (BTC/USD) continued to experience elevated volatility early in the Asian session with its strongest print since June 2022 at 26553.90. Stops were triggered above multiple levels such as 21753 and 22428 with upside price objectives at 26931 and 27609 respectively.

Upside Price Objectives

Buying pressure emerged around the 24064.72 area during a recent pullback which is a 78.6% retracement of its depreciating range from 25288.88 to 19568.52. Upside price targets have been set around 15460 and 16326.16 which include 26931, 27609 ,28004 ,29244 ,and 29639 respectively .

Retracement Levels & Technical Support

Following an appreciation in value retracement levels have been identified including 25451 ,24905 ,24769 ,24218 ,23885 ,23667 ,23061 ,22985 ,22882 ,22236 and 21882 with potential technical support at 19266 and 19132 .                                                                                                                                                  
                                                                 
 

Moving Averages

Traders are noting that 50-bar MA (4-hourly) is bearishly indicating below 100-bar MA (4-hourly) and 200-bar MA (4-hourly). Additionally 50-bar MA (Hourly) is bullishly indicating above 100-bar MA (Hourly) & 200-bar MA (Hourly). Price activity is nearest 200 bar MA(4 hourly) at 22932 & 50 bar MA(Hourly) at 24602 .                                                             

Additional Technically Significant Areas

Additional technically significant areas include 15900 ,15512 15313 14500 14364 13369 10727 10432 9682 8837 7538 .                           

< h2 > Indicators On 4 Hourly chart SlowK is Bearishly Below SlowD while MACD is Bullishly Above MACDAverage; on 60 minute chart SlowK is Bullishly Above SlowD while MACD is Bearishly Below MACDAverage .                 Disclaimer : Sally Ho’s Technical Analysis provided by third party for informational purposes only not reflecting Crypto Daily views or intended to be used as legal tax investment or financial advice .

• DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, has voted to sponsor the National Fighting Championship (NFC) this year.
• The NFC is the German version of the widely known UFC, hosting six live events in 2023. It attracts 2,500-6,000 fans onsite and is broadcasted on German television and social media.
• DeFiChain will sponsor five of these six events this year with a “Fighter Of The Night Bonus” for the best fight of the evening as well as a “Fan of the Night Bonus” for one fan who will be selected at random.

DeFiChain to Sponsor National Fighting Championship

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year.

About NFC

The NFC is Germany’s version of UFC which hosts six live events in 2023 each attracting 2,500-6,000 fans and broadcasted on German television and social media. The most recent event (NFC 10) reached over 10 million viewers worldwide making it Germany’s biggest MMA league.

Sponsorship Details

DeFiChain will sponsor five out of six events this year with Michael Ortlepp, Managing Director of Fighting GmbH saying “It is a great joy and privilege for us to announce our partnership with DeFiChain. NFC as well as DeFiChain follow the same values and goals and are made for a great partnership that will have a lasting effect on the German MMA scene.“

Bonus Programmes

In addition to sponsoring five out of six events this year, DeFiChain will also introduce two bonus programmes; namely „Fighter Of The Night Bonus“ where fighters will be paid directly in DFI tokens into their Wallet after each fight. There will also be a „Fan of the Night Bonus“ where one fan per event will be randomly selected from those present at each venue.

Conclusion

By sponsoring such an event DeFiChain aims to attract more crypto-curious people in Germany by involving itself within different sports activities such as gaming, basketball, fighting sports and drone racing – all areas popular amongst crypto users & developers according to market research conducted by DeFiChain prior to sponsoring NFC.

• The Ethereum network has successfully completed the second testnet, i.e., the Sepolia testnet, in preparation for the upcoming Shanghai upgrade.
• This brings that much-awaited Shanghai upgrade one step closer, which would mark the network’s complete transition to a fully functional proof-of-stake mechanism.
• The third and final testnet, i.e., the Goerli testnet, is scheduled just before Shanghai goes live on the mainnet.

The Ethereum Network Upgrades

The Ethereum network is currently undergoing a series of upgrades in order to improve its overall functionality and scalability. One such major update is the ‚Shanghai/Capella‘ upgrade or ‚Shapella‘ upgrade which will mark the complete transition of the network from proof-of-work (PoW) to proof-of-stake (PoS). In preparation for this update, two successful testnets have been conducted with another one scheduled for later this month.

Sepolia Testnet Successfully Triggered

In order to prepare for this update and ensure its successful deployment on the mainnet, two testnets were conducted – Zhejiang and Sepolia – both of which have been completed successfully. The most recent one being Sepolia, which was triggered on February 21st and allowed validators to withdraw their staked ETH back to the execution layer after it had been processed by Sepolia successfully. This brings that much awaited Shanghai upgrade a step closer as it will enable users to withdraw staking rewards from their staked ETH when deployed on mainnet.

Testing Schedules Affected

The Zhejiang test revealed some minor bugs but these issues have since then been addressed by developers who have clarified that these errors won’t affect the deployment date on mainnet either way. Following up with its success was another closed testing round – Sepolia – wherein only core developers had access; however it managed to replicate withdrawals of staked ether successfully as well thereby giving developers a better run through of what is expected once deployed on main chain. The third and final test net – Goerli – is set for later this month just before Shanghai goes live on mainchain itself; however there is possibility of extending dates due to three week gap between Zheijiang and Sepolia tests already taken place.

Expectations

This development has left many expecting positive results in terms of native crypto ETH once deployed completely; as it would mean more stability with regards to transaction costs alongwith improved scalability thanks to sharding tech also included in Shapella upgrade package..

Conclusion

While all eyes are set upon Goerli Test waiting eagerly for Shapella upgrade’s deployment onto Mainet itself ,the other two tests -Zhejiang nd Seopilia have passed with flying colors thus making sure everything works perfectly fine before taking big leap forward towards full PoS protocol transition .