Mannheimer Mozartsommer

• Shopify has added the TYB web3 platform to its App Store, offering e-commerce businesses a seamless way to integrate decentralized technologies.
• TYB enables businesses to manage their customer communities securely and offers innovative tools to grow their customer base, engage with their audience, and improve customer loyalty.
• The platform features tokenized reward programs, decentralized voting mechanisms, and social media integration for increased trust and efficiency.

Shopify Adds TYB Web3 Platform

Shopify has recently added Try Your Best (TYB), a pioneering web3 community management platform, to its App Store. This provides e-commerce businesses with a seamless way of integrating decentralized technologies into their operations in order to achieve improved security, transparency, and customer engagement.

Security Features

TYB leverages blockchain technology in order to enable businesses to securely manage their customers‘ communities. All transactions are verified and recorded on a public ledger, ensuring data integrity and preventing fraudulent activities from occurring.

Innovative Tools

The platform also offers various innovative tools that can help businesses expand their customer base while engaging more closely with them at the same time. These include tokenized rewards systems, decentralized voting mechanisms, and the ability to integrate with popular social media platforms.

Tokenized Reward Programs

Businesses can further benefit from using TYB by taking advantage of customizable tokenized reward programs that incentivize customers with rewards that hold actual value. This encourages loyalty within the community as well as providing an effective marketing tool for increasing engagement levels among customers.

Decentralized Voting Mechanisms

Additionally, the platform’s decentralized voting mechanisms ensure fair decision-making processes within the community so that customers can have a say in product development or other collaborative engagements between business owners and their patrons.

• Coinbase recently announced that it would suspend trading of six cryptocurrencies from its platform, including OMG Network and Augur (REP).
• The announcement has caused a significant price drop for both coins, with Augur’s market cap falling 4%, and OMG Network dropping 8%.
• The rest of the crypto market is also in the red, with bitcoin down 0.8% and ethereum down 0.2%.

Coinbase to Suspend Trading of Six Cryptocurrencies

Coinbase recently announced that it would suspend trading of six cryptocurrencies from its platform as they failed to meet listing standards which will be effective from March 29. Among these were OMG Network (OMG) and Augur (REP).

Price Drops for OMG Network and Augur

Unsurprisingly, the suspension was met with significant price drops for the cryptos. Augur’s market cap has fallen by 4% to $92 million, while its 24-hour trading volume has risen by 80.2% to $24 million. The coin is now trading at $8.24. Meanwhile, OMG Network(OMG) dropped by 8% to $1.37 with a subsequent 8% drop in its market cap to $192 million, accompanied by an increase in its 24-hour trading volume rising 62% to $40 million.

Rest of Crypto Market Also In Red

The rest of the crypto market also trades in the red. The global market cap has decreased by 0.36% to $1.08 trillion. Bitcoin (BTC) is down 0.8% in the last 24 hours at $24,908, while ethereum (ETH), the second largest crypto, is down 0.2% to $1,661 . As for other tokens delisted by Coinbase – RLY is down 15%, LOOM is down by 9.68%, MIR is down by 13%, and YFII is down 7%.

Reasons Behind Delisting

Coinbase gave no specific reasons for initiating the crypto suspension but exchanges have been known to review cryptos on their platform over time to ensure they meet specific standards..

Conclusion

Despite Coinbase’s decision leading to a sharp decrease in prices for both OMG Network and Augur at first glance; it could be argued that this may lead to better regulation of digital assets within exchanges over time as more stringent standards are enforced

• CFTC chairman, Rostin Behnam, reaffirmed his stance that ether (ETH) and stablecoins should be regulated as commodities.
• This is in contrast to the SEC’s position that only Bitcoin (BTC) is a commodity.
• The CFTC has taken a more lenient approach to crypto regulation, with the settlement of USDT stablecoin issuer Tether in 2021 being seen as a sign of this.

CFTC Chair Reaffirms Stance on Ether and Stablecoins

CFTC chair Rostin Behnam has reaffirmed his stance that ether (ETH) and stablecoins should be regulated as commodities. This idea was presented during a Senate Agriculture committee hearing on March 8, where Senator Kirsten Gillibrand asked Benham about the differing stance of the CFTC and the Securities and Exchange Commission (SEC).

Differing Approaches by CFTC & SEC

The CFTC believes bitcoin (BTC) and many altcoins are commodities, while its counterpart, the SEC has made it clear over time that BTC may be the only true commodity in the entire digital assets space. In contrast to this heavy-handed approach from the SEC, the CFTC has taken a more lenient approach to crypto regulation with their enforcement team recognizing the status of stablecoin Tether as a commodity upon settlement in 2021.

Chairman Behnam’s Rebuke

Chairman Benham’s comments were seen as an impassioned rebuke of both ‚everything except BTC is a security‘ and ’stablecoins are securities‘ positions which have been put forward by Gary Gensler’s SEC in recent times.

CFTC & Enforcement Actions

In 2022, Gensler’s administration executed 50% more enforcement actions against crypto projects than any other period under his leadership; however, Benham clarified that he still believes these digital assets should be treated differently than regular securities due to their decentralized nature.

Conclusion

Overall, Chairman Benham highlighted his belief that both ether and stablecoins are commodities rather than securities; as such they should be regulated differently than other traditional financial instruments. Going forward it will be interesting to see how both regulatory bodies handle these digital assets moving into 2023.

• Ethereum (ETH) has registered impressive gains in the beginning of 2023, surging to a 90-day high of $1,732.
• Coinbase announced the launch of Base, a layer-two sidechain for Ethereum, reflecting its strong fundamentals.
• The upcoming Shanghai upgrade is ushering in a new era for Ethereum with its transition from proof-of-work to proof-of-stake consensus mechanism.

Ethereum Records Impressive Gains in 2023

At the start of 2023, ethereum (ETH) kicked off with a price of $1,192 and quickly surged to a 90-day high of $1,732 on Feb. 21 — representing an increase of 45% YTD (year-to-date). As of Mar. 2nd, ETH was trading at $1,641 — down more than 5% from its peak.

Coinbase Launches Base Sidechain

Coinbase announced the launch of Base — a layer two sidechain for Ethereum — underscoring the strength of ETH’s fundamentals and setting its sights high with the aim to bring over a billion users into the crypto economy. This move is expected to fuel long term growth for Ethereum as it continues to attract developers and investors alike.

What Affects The Ethereum Price?

Ethereum has become very popular with developers and entrepreneurs due to its wide range of capabilities such as decentralized finance (DeFi), gaming and data storage. Factors such as scalability issues and user adoption will heavily influence its path going forward which will have direct implications on its price point in the future.

The Upcoming Shanghai Update

The upcoming Shanghai update (EIP-4895) is set to usher in a new era for Ethereum as it transitions from traditional proof-of-work consensus mechanism to PoS (Proof Of Stake) one. This update is expected to further enhance user experience while also being cost effective at scale — all while maintaining security standards that are characteristic of blockchain technology.

Conclusion

Given all that’s happening with ETH right now — combined with all that’s set up coming in terms updates and upgrades — it’s likely that Ethereum may be able set new records by mid-2023 if current market trends persist or even accelerate further!

• ThunderPick is a crypto-centric online gaming platform that allows users to bet on esports and sports using cryptocurrencies.
• It has various bonuses, tournaments and jackpots to attract users into the competitive gaming scene.
• Crypto’s extra layer of anonymity has allowed crypto-centric gaming platforms like ThunderPick to find a niche in the gaming scene.

Introduction to ThunderPick

ThunderPick is an online crypto casino, esports and sports betting platform launched in 2017 amid rapid developments in the online gaming space and a historical crypto market rally. The platform relies on a sense of community among its users, combining the community effect of esports and crypto where players can chat and interact during games. Crypto provides an extra layer of anonymity that bodes well for many players, with accepted cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), XRP, USDT and Litecoin (LTC).

Bonuses & Tournaments

Thunderpick offers various online casino bonuses and tournaments to attract users into the competitive gaming scene. These include first deposit/welcome bonus providing incentive for users to utilize the platform as well as significant deposits where users can claim a 5% deposit bonus for higher deposits. Other tournaments are available across the various games where users can explore free spins and jackpots; staples of online casinos.

Esports Betting

Esports is another subsector gaining traction in the gaming scene with popular games such as League of Legends having tens of millions of devoted players and fans creating a secondary betting market that various online sports books offer. Thunderpick offers numerous options for Esports betting allowing fans to wager on their favourite teams or players competing in major leagues or events around the world.

Advantages

The use of cryptocurrency for gambling comes with several advantages over traditional banking channels such as extra layers of anonymity, ease when it comes to moving funds, low transaction fees associated with most altcoins amongst others – all these factors have led to cryptocurrency becoming increasingly popular amongst gamers looking for alternative payment methods when gambling or betting online.

Conclusion

In conclusion, ThunderPick provides gamers with an easy way to bet on Esports or Sports using cryptocurrency while also taking advantage of numerous bonuses & tournaments available on the platform – making it one of the go-to options when it comes to eSports & Sports betting amongst those who prefer using digital currencies.

• Forbes contributor Roslyn Layton wrote an essay on SEC’s policy regarding ETH and XRP, which was later removed from the website.
• The article discusses why the SEC exempts ethereum from the 2018 Bill Hinman speech while treating Ripple and XRP differently.
• The SEC is seeking to keep certain records related to the speech secret per Omnibus petitions made in December, claiming attorney-client privilege.

Forbes Removes Controversial Article on ETH & XRP

A recently published essay by senior Forbes Contributor, Roslyn Layton, about the SEC’s policy regarding Ethereum (ETH) and Ripple (XRP) has been mysteriously removed from the website. This comes as members of the XRP community responded with outrage to this news.

Details of the Essay

Layton raises issues about why the SEC exempts Ethereum from a controversial 2018 Bill Hinman speech, which provides direction for the developing sector but treats Ripple and XRP differently. Layton argues that this inconsistency in rules may be due to certain records associated with crafting this contentious speech, which are currently being kept secret by the agency via Omnibus petitions made in December 2020. These records include emails and other items that were once at focus of a lawsuit between Ripple and SEC last October.

Outrage From Crypto Community

The removal of this article has caused fury amongst members of the crypto community who have taken to social media to express their outrage around what they perceive as censorship of legitimate critique against a government organization such as the SEC. Digital assets enthusiast Bill Morgan tweeted that a hard copy is being circulated among crypto enthusiasts despite its removal from Forbes‘ website.

SEC Attempting To Keep Data Secret

The SEC has repeatedly sought to keep these records related to Hinman’s speech confidential under attorney-client privilege due concern that making them public may hinder future policy considerations by agency officials. Nonetheless, many within crypto industry believe these documents should be open source so as not to allow any bias or favouritism towards one asset over another when it comes formulating regulations for digital assets industry in general.

Conclusion

This controversy highlights just how difficult it is for governments across world regulate emerging digital assets market in an equitable manner without leaving itself vulnerable charges of bias or unfair treatment towards individual cryptocurrencies such as Bitcoin or Ethereum..

• Paris Hilton has partnered with The Sandbox to launch Parisland, a romantic adventure experience in the metaverse.
• Starting from Feb. 13., players will be able to participate in the metaverse dating reality show hosted by the Hollywood celeb.
• Despite regulatory concerns and increasing cases of crime in the virtual world, metaverse adoption is on the rise with companies like Nokia aiding workers via the metaverse and NFTs experiencing a resurgence.

Paris Hilton Launches Parisland Dating Experience In The Metaverse

11:11 Media Partners With Animoca Brands’ Sandbox

Paris Hilton’s 11:11 Media has joined forces with Animoca Brand’s Sandbox to launch Parisland, a romantic adventure experience in the metaverse. Starting from Feb. 13., players will be able to participate in the metaverse dating reality show hosted by Hollywood celeb Paris Hilton.

Activities In The Metaverse

Dating in the metaverse involves participants carrying out several tasks with up to five romantic partners, such as selecting wedding rings and outfits, flirting with other contestants and more activities that bring more excitement and fun around Valentine’s Day.

Paris Hilton Joins The Crypto Bandwagon

Paris Whitney Hilton first forayed into the metaverse with the launch of her own world „Paris Hilton World“ on Roblox back in 2021 following her involvement during the initial coin offerings (ICO) craze of 2016/2017.

Metaverse Adoption On The Rise Despite Regulatory Concerns

Despite regulatory concerns and increasing cases of crime in virtual worlds, adoption of these platforms have remained quite hot despite crypto market downturns according to reports indicating that over $1.3 billion was raised from games related to these virtual environments during Q3 2022 alone thanks partly due to companies such as Nokia providing aid via it and Non-fungible tokens (NFTs) experiencing a resurgence this year as well

• BlackRock’s iShares Core S&P 500 ETF (CSPX) is now tokenized on Uniswap, bridging traditional markets and blockchain.
• Backed Finance, based in Zug, launched this tokenization in 2021 with funding from Stratos technologies, Semantic Ventures, and Gnosis.
• Larry Fink believes that the future of global markets lies heavily in tokenization and further technology integration into these markets will help its business model.

BlackRock’s iShares Core S&P 500 ETF Tokenized on Uniswap

BlackRock’s ETF, iShares Core S&P 500 ETF (CSPX), is now tokenized on ethereum trading on Uniswap. The token operates similarly to USDc and USDt but has shares that are managed by a regulated entity in Europe. Backed Finance was responsible for the launch of the CSPX token in 2021 after receiving funding from Stratos technologies, Semantic Ventures, and Gnosis.

Bridging Traditional Markets & Blockchain

The CSPX token is a certificate whereby for each bCSPX they purchase they buy a CSPX share held with a regulated custodian. Maerki Baumann & Co. acts as broker and custodian while Backed Finance handles the tokenizing process. Adam Levi (co-founder of Backed) explains how global capital markets assets can benefit from being tokenized with crypto market settlements happening below 5 minutes for seamless asset transfers.

Tokenized Securities Taking Over

During the New York Times Dealbook Summit in November 2022, Larry Fink discussed how he believes that the global market’s future will be heavily invested in tokenization with ETFs driving this evolution when it comes to their own tokenization which is freely available on secondary markets such as Uniswap but requires KYC to redeem or mint tokens.

Integration Into Wider Society

Fink also mentioned that only some existing projects may benefit from its integration into society whilst most crypto-related companies won’t be around due to their issuance of tokens such as Crypto.com or Binance who have been increasingly involved in the industry announcing an EFT late September giving investors exposure to 35 blockchain-related companies

Conclusion

It is evident that Larry Fink believes that the global market’s future lies heavily invested in tokenization and further technology integration into these markets will help its business model significantly while offering more convenience when it comes to asset transfers through seamless settlements below 5 minutes thanks to Backed Finance bridging traditional markets & blockchain with BlackRock’s iShares Core S&P 500 ETF being one of many examples leading this revolution forward!

• Elon Musk recently tweeted that he is still open to the idea of eating a happy meal on television if McDonald’s accepts Dogecoin as payment.
• This offer from Elon Musk is supported by DogeDesigner, a UX/UI and graphic designer at Dogecoin, who tweeted to McDonald’s to consider the offer.
• Twitter users have responded to the tweet in various ways, with some expressing hope that McDonald’s would reconsider its decision to stop taking Dogecoin.

Elon Musk, the CEO of Tesla, recently made headlines when he suggested that he would be willing to eat a Happy Meal on television if McDonald’s accepted Dogecoin as payment. This offer was prompted by McDonald’s when they asked on Twitter what they had missed, to which Musk responded with a hint of the possibility. DogeDesigner, a UX/UI and graphic designer at Dogecoin, then posted a tweet to McDonald’s on their official account, asking if the offer was still open. Musk responded with a ‘100’ emoji, indicating that the deal is still on the table.

Twitter users have responded to the tweet in various ways, with some expressing hope that McDonald’s would reconsider their decision to stop taking Dogecoin. Dogecoin has been gaining traction as a cryptocurrency, with its value rising significantly over the past year. Elon Musk himself has been a strong proponent of the currency, and his tweets have been credited with helping to drive up its price.

The potential adoption of Dogecoin by McDonald’s would be a major milestone for the cryptocurrency, and would likely lead to more businesses and consumers adopting it. It would also be a major coup for Elon Musk, who has been pushing for the widespread adoption of Dogecoin. If McDonald’s agrees to the deal, it would be a historic moment in the history of cryptocurrencies, and could potentially lead to the wider adoption of Dogecoin by other businesses and consumers.

• There is more tokenized bitcoin locked in Avalanche than BTC in the Lightning Network (LN) as of Jan. 18.
• The spike in the number of BTC tokenized in Avalanche is primarily for DeFi activities.
• Morgan Krupetsky from Ava Labs said their cross-chain bridge is better than those offered by competitors due to cost and speed.

As of Jan. 18, there is more tokenized bitcoin locked in Avalanche than BTC in the Lightning Network (LN), data reveals. This spike in the number of BTC tokenized in Avalanche is indicative of a growing interest in DeFi activities as traders opt to use dApps deployed on the network. The Bitcoin-Avalanche Bridge, launched in June 2022, allows BTC holders to securely move their coins and benefit from the rewards and capital gains that come with holding a tokenized asset.

Morgan Krupetsky, the director of business development for institutions in Ava Labs, said their cross-chain bridge is better than those offered by competitors due to cost and speed. According to Krupetsky, the bridge allows for an easier and more reliable way to use Bitcoin in DeFi without having to sell the asset. He said that this has led to $BTC.b setting new records for circulating supply at over 5,700 Bitcoin.

The low on-chain fees and scalability of Avalanche have made it an attractive option for developers and traders looking to explore the world of DeFi. The bridge also allows for users to redeem BTC.b for BTC should they wish to convert their tokenized asset. Avalanche is proving to be a viable alternative to Ethereum, and the increasing value of BTC locked in the network is testament to its growing popularity.